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  "fact-566": {
   "value": "<div class=\"t m0 ha5 ff45 fs40 fcb sc0 ls38 ws5e gsa\">1.<span class=\"ls1 ws0\"> General Information </span></div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls46 ws6f gsb\">Stol<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">Nielsen Limited</span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"> <span class=\"_ _2\"></span>(the Company or<span class=\"_ _2\"></span> SNL) a<span class=\"_ _2\"></span>nd its subsidi<span class=\"_ _2\"></span>aries (collectively<span class=\"_ _2\"></span>, the <span class=\"_ _2\"></span><span class=\"ls30 ws52\">Group<span class=\"_ _2\"></span></span></span>)<span class=\"ls30 ws50\">, throug<span class=\"_ _2\"></span>h i<span class=\"_ _2\"></span>ts </span></span></div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls30 ws50 gsc\">divisi<span class=\"_ _2\"></span>ons,<span class=\"_ _2\"></span> Stol<span class=\"_ _2\"></span>t Tan<span class=\"_ _2\"></span>kers<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls47 ws71\">(Tankers<span class=\"ls1 ws0\">)<span class=\"_ _1\"></span><span class=\"ls2f ws70\">, <span class=\"_ _2\"></span>Stolthaven Termin<span class=\"_ _2\"></span>als<span class=\"ls1 ws0\"> </span><span class=\"ws4e\">(Terminals)<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">and Sto<span class=\"_ _2\"></span>lt T<span class=\"_ _2\"></span>ank Co<span class=\"_ _2\"></span>ntai<span class=\"_ _2\"></span>ners<span class=\"_ _2\"></span></span> </span></span></span></span></span></span></div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls46 ws6f gsd\">(STC<span class=\"_ _2\"></span>)<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls48 ws72\">is <span class=\"ls30 ws50\">engage<span class=\"_ _2\"></span>d i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> <span class=\"ls2f ws4e\">worldwi<span class=\"_ _2\"></span>de </span><span class=\"ws52\">transpo<span class=\"_ _2\"></span>rtati<span class=\"_ _2\"></span>on<span class=\"ls49 ws73\">, st<span class=\"_ _2\"></span>or</span>ag<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> </span></span>and di<span class=\"_ _2\"></span>strib<span class=\"_ _2\"></span>ut<span class=\"ls4a ws74\">ion<span class=\"_ _2\"></span> of bu<span class=\"_ _2\"></span>lk<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">liquid chemicals, </span></span></span></span></span></span></div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls2f ws4e gse\">edible<span class=\"ls1 ws0\"> </span><span class=\"ws75\">o<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ls, acids<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws50\">and<span class=\"_ _2\"></span> othe<span class=\"_ _2\"></span>r <span class=\"ls2f ws4e\">spec<span class=\"_ _2\"></span>iality<span class=\"ls1 ws0\"> </span>liquids.<span class=\"ls1 ws0\"> </span></span>The Group<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> also<span class=\"_ _2\"></span> eng<span class=\"_ _2\"></span>aged i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> se<span class=\"_ _2\"></span>afood b<span class=\"_ _2\"></span>usi<span class=\"_ _2\"></span>ness<span class=\"_ _2\"></span>, </span></span></span></div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls30 ws50 gsf\">which<span class=\"_ _2\"></span> is c<span class=\"_ _2\"></span>arried<span class=\"_ _2\"></span> out<span class=\"_ _2\"></span> thr<span class=\"_ _2\"></span>ough <span class=\"_ _2\"></span>Stol<span class=\"_ _2\"></span>t Sea<span class=\"_ _2\"></span> Fa<span class=\"_ _2\"></span>rm (S<span class=\"_ _2\"></span>SF), <span class=\"ws52\">w<span class=\"_ _2\"></span>hich<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>produce<span class=\"_ _2\"></span>s, proc<span class=\"_ _2\"></span>esse<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> ma<span class=\"_ _2\"></span>rkets<span class=\"_ _2\"></span> tu<span class=\"_ _2\"></span>rbot<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls30 ws50 gs10\">and sol<span class=\"_ _2\"></span>e. <span class=\"_ _2\"></span>Furt<span class=\"_ _2\"></span>herm<span class=\"_ _2\"></span>ore, t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> <span class=\"ws52\">holds<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">i<span class=\"_ _2\"></span>nvestm<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span> <span class=\"ws50\">across<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>bulk<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">liquid logist<span class=\"_ _2\"></span>ics and di<span class=\"_ _2\"></span>stribution </span></span></span></span></span></span></div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls2f ws70 gs11\">field with it<span class=\"_ _2\"></span>s <span class=\"ls31 ws53\">13.6</span>% investme<span class=\"_ _2\"></span>nt in Odfjell <span class=\"_ _2\"></span>SE and <span class=\"ls48 ws72\">6.1<span class=\"_ _2\"></span><span class=\"ls30 ws50\">% in<span class=\"_ _2\"></span>vestme<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span> in <span class=\"_ _2\"></span>Ganes<span class=\"_ _2\"></span>h Benz<span class=\"_ _2\"></span>oplas<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\"> </span></span></span><span class=\"ws4e\">Limited </span></div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls2f ws70 gs12\">(GBL), liquefied <span class=\"_ _2\"></span>natural gas (L<span class=\"_ _2\"></span>NG) through<span class=\"_ _2\"></span> Avenir LNG L<span class=\"_ _2\"></span>imited<span class=\"ls1 ws0\"> </span><span class=\"ws4e\">(Avenir)</span>, its<span class=\"_ _2\"></span> 50% holdi<span class=\"_ _2\"></span>ng of <span class=\"ls4a ws76\">Hig<span class=\"_ _2\"></span>as<span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls2f ws70 gs13\">Holdings Limited<span class=\"ls1 ws0\"> (H<span class=\"_ _1\"></span><span class=\"ls30 ws52\">ig<span class=\"_ _2\"></span>as<span class=\"ls46 ws6f\">) <span class=\"ls4b ws77\">and<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">its 2.5% holding<span class=\"_ _2\"></span> of Gola<span class=\"_ _2\"></span>r LNG Limit<span class=\"_ _2\"></span>ed</span> <span class=\"_ _1\"></span><span class=\"ls49 ws78\">(<span class=\"_ _2\"></span>Gol<span class=\"_ _2\"></span>ar)<span class=\"ls1 ws0\">. <span class=\"_ _1\"></span><span class=\"ls47\">In addit<span class=\"_ _1\"></span>ion, it <span class=\"_ _1\"></span>has </span></span></span></span></span></span></span></span></div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls2f ws70 gs14\">invested in<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">land<span class=\"_ _2\"></span></span>-<span class=\"_ _1\"></span><span class=\"ls47\">based aq<span class=\"_ _1\"></span>uaculture<span class=\"_ _1\"></span> through <span class=\"_ _1\"></span>its <span class=\"ls31 ws53\">12<span class=\"ls4c ws79\">.3<span class=\"ls30 ws50\">% inv<span class=\"_ _2\"></span>estme<span class=\"_ _2\"></span>nt i<span class=\"_ _2\"></span>n The<span class=\"_ _2\"></span> King<span class=\"_ _2\"></span>fish C<span class=\"_ _2\"></span>omp<span class=\"_ _2\"></span>any </span></span></span></span></span></div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls4b ws77 gs15\">NV<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">(Kingfish).</span> </span></div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls30 ws50 gs16\">The C<span class=\"_ _2\"></span>ompany<span class=\"_ _2\"></span> is a<span class=\"_ _2\"></span> lim<span class=\"_ _2\"></span>ited <span class=\"_ _2\"></span>liabi<span class=\"_ _2\"></span>lity<span class=\"_ _2\"></span> hol<span class=\"_ _2\"></span>ding<span class=\"_ _2\"></span> compa<span class=\"_ _2\"></span>ny i<span class=\"_ _2\"></span>ncorp<span class=\"_ _2\"></span>ora<span class=\"_ _2\"></span>ted in B<span class=\"_ _2\"></span>ermud<span class=\"_ _2\"></span>a o<span class=\"_ _2\"></span>n Ju<span class=\"_ _2\"></span>ne 11<span class=\"_ _2\"></span>, 2010<span class=\"_ _2\"></span>. </div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls30 ws52 gs17\">The<span class=\"ls1 ws0\"> </span><span class=\"ws4f\">Company<span class=\"_ _2\"></span> is lis<span class=\"_ _2\"></span>ted on the<span class=\"_ _2\"></span> Oslo Stoc<span class=\"_ _2\"></span>k Exc<span class=\"_ _2\"></span>hange<span class=\"_ _2\"></span> unde<span class=\"_ _2\"></span>r the tick<span class=\"_ _2\"></span>er symb<span class=\"_ _2\"></span>ol SNI a<span class=\"_ _2\"></span>nd </span>the<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>registe<span class=\"_ _2\"></span>red </div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls30 ws50 gs18\">addres<span class=\"_ _2\"></span>s is C<span class=\"_ _2\"></span>la<span class=\"_ _2\"></span>rendon<span class=\"_ _2\"></span> House<span class=\"_ _2\"></span>, 2<span class=\"_ _2\"></span> Chu<span class=\"_ _2\"></span>rch S<span class=\"_ _2\"></span>treet<span class=\"_ _2\"></span>, Ham<span class=\"_ _2\"></span>ilto<span class=\"_ _2\"></span>n, HM<span class=\"_ _2\"></span> 11<span class=\"_ _2\"></span>,<span class=\"ls1 ws0\"> </span><span class=\"ws52\">Bermuda</span>,<span class=\"_ _2\"></span> wit<span class=\"_ _2\"></span>h the<span class=\"_ _2\"></span> r<span class=\"ls2f ws4e\">egistra<span class=\"_ _2\"></span>tion </span></div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls1 ws0 gs19\">n<span class=\"_ _1\"></span><span class=\"ls31 ws51\">umber EC 44330<span class=\"_ _2\"></span><span class=\"ls1 ws0\">.</span></span><span class=\"ls31 ws51\"><span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 ha5 ff45 fs40 fcb sc0 ls38 ws5e gs1a\">2.<span class=\"ls1 ws0\"> Summary of Material Accounting Policies </span></div><div class=\"t m0 ha6 ff47 fs3c fcb sc0 ls4d ws7a gs1b\">Basis <span class=\"_ _2\"></span>of prep<span class=\"_ _2\"></span>arati<span class=\"_ _2\"></span>on<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls2f ws4e gs1c\">The <span class=\"_ _1\"></span><span class=\"ls1 ws0\">C<span class=\"ls2f ws4e\">onsolidated </span>F<span class=\"_ _1\"></span><span class=\"ls30 ws52\">i<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al <span class=\"ls1 ws0\">S</span><span class=\"ws4f\">tatements<span class=\"_ _2\"></span> of the Gro<span class=\"_ _2\"></span>up hav<span class=\"_ _2\"></span>e been p<span class=\"_ _2\"></span>repare<span class=\"_ _2\"></span>d using<span class=\"_ _2\"></span> acco<span class=\"_ _2\"></span>unting<span class=\"_ _2\"></span> polici<span class=\"_ _2\"></span>es </span></span></span></div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls30 ws50 gs1d\">consi<span class=\"_ _2\"></span>stent<span class=\"_ _2\"></span> wit<span class=\"_ _2\"></span>h Int<span class=\"_ _2\"></span>erna<span class=\"_ _2\"></span>tional<span class=\"_ _2\"></span> Fin<span class=\"_ _2\"></span>ancial<span class=\"_ _2\"></span> Rep<span class=\"_ _2\"></span>orting<span class=\"_ _2\"></span> St<span class=\"_ _2\"></span>andard<span class=\"_ _2\"></span>s <span class=\"ls4e ws7b\">(<span class=\"_ _2\"></span>IFR<span class=\"_ _2\"></span>S) </span>as <span class=\"_ _2\"></span>adopte<span class=\"_ _2\"></span>d by<span class=\"_ _2\"></span> the E<span class=\"_ _2\"></span>urop<span class=\"_ _2\"></span>ean </div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls4b ws77 gs1e\">Union<span class=\"_ _2\"></span> <span class=\"ls30 ws50\">and int<span class=\"_ _2\"></span>erpre<span class=\"_ _2\"></span>tati<span class=\"_ _2\"></span>ons is<span class=\"_ _2\"></span>sued<span class=\"_ _2\"></span> by t<span class=\"_ _2\"></span>he IFR<span class=\"_ _2\"></span>S I<span class=\"_ _2\"></span>nterp<span class=\"_ _2\"></span>reta<span class=\"_ _2\"></span>tions C<span class=\"_ _2\"></span>om<span class=\"_ _2\"></span>mittee<span class=\"_ _2\"></span><span class=\"ls1 ws0\">. <span class=\"_ _1\"></span><span class=\"ls30 ws52\">Acc<span class=\"_ _2\"></span>oun<span class=\"_ _2\"></span>ting <span class=\"ls2f ws70\">policies h<span class=\"_ _2\"></span>ave </span></span></span></span></div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls30 ws50 gs1f\">been <span class=\"_ _2\"></span>applie<span class=\"_ _2\"></span>d on<span class=\"_ _2\"></span> a co<span class=\"_ _2\"></span>nsis<span class=\"_ _2\"></span>tent<span class=\"_ _2\"></span> basi<span class=\"_ _2\"></span>s with<span class=\"_ _2\"></span> the p<span class=\"_ _2\"></span>rio<span class=\"_ _2\"></span>r ye<span class=\"_ _2\"></span>ar, ex<span class=\"_ _2\"></span>cept w<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span>n new<span class=\"_ _2\"></span> acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng <span class=\"ls2f ws4e\">p<span class=\"_ _2\"></span>olicies<span class=\"ls1 ws0\"> </span></span><span class=\"ws52\">have </span></div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls2f ws75 gs20\">been adopted.<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls2f ws4e gs21\">The <span class=\"_ _1\"></span><span class=\"ls30 ws50\">C<span class=\"_ _2\"></span>onsoli<span class=\"_ _2\"></span>dated<span class=\"_ _2\"></span> Fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al S<span class=\"_ _2\"></span>tatem<span class=\"_ _2\"></span>ents a<span class=\"_ _2\"></span>re p<span class=\"_ _2\"></span>rep<span class=\"_ _2\"></span>ared a<span class=\"_ _2\"></span>nd p<span class=\"_ _2\"></span>ublis<span class=\"_ _2\"></span>hed ac<span class=\"_ _2\"></span>cord<span class=\"_ _2\"></span>ing t<span class=\"_ _2\"></span>o the<span class=\"_ _2\"></span> pro<span class=\"_ _2\"></span>visio<span class=\"_ _2\"></span>ns <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls30 ws50 gs22\">of Be<span class=\"_ _2\"></span>rmuda <span class=\"ls1 ws0\">c</span>om<span class=\"_ _2\"></span>pany l<span class=\"_ _2\"></span>aw.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls30 ws50 gs23\">The p<span class=\"_ _2\"></span>resent<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on cu<span class=\"_ _2\"></span>rrency<span class=\"_ _2\"></span> used<span class=\"_ _2\"></span> in <span class=\"_ _2\"></span>thes<span class=\"_ _2\"></span>e <span class=\"ls1 ws0\">C<span class=\"ls2f ws4e\">onsolidated </span>F<span class=\"_ _1\"></span><span class=\"ls30 ws52\">i<span class=\"_ _2\"></span>nancia<span class=\"_ _2\"></span>l <span class=\"ls1 ws0\">S</span><span class=\"ws50\">tatements<span class=\"_ _2\"></span> is <span class=\"_ _2\"></span>the U<span class=\"_ _2\"></span><span class=\"ls1 ws0\">S <span class=\"_ _1\"></span><span class=\"ls30 ws52\">doll<span class=\"_ _2\"></span>ar. <span class=\"ls1 ws0\"> </span></span></span></span></span></span></div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls30 ws50 gs24\">The f<span class=\"_ _2\"></span>unctio<span class=\"_ _2\"></span>nal c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>ncy of<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he C<span class=\"_ _2\"></span>ompany<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">is the <span class=\"ls4f ws7c\">US</span></span> <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">d<span class=\"_ _2\"></span>ollar<span class=\"ls50 ws7d\">.<span class=\"_ _195\"> </span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws4e\"><span class=\"ls50 ws7d\"> </span></span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws4e\"><span class=\"ls50 ws7d\"><span class=\"ls1 ws0\"> </span></span></span></span></div><div class=\"t m0 ha6 ff47 fs3c fcb sc0 ls51 ws7e gs25\">Goin<span class=\"_ _2\"></span>g <span class=\"ls1 ws0\">c<span class=\"ls52 ws7f\">once<span class=\"_ _2\"></span>rn</span> </span></div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls30 ws50 gs26\">As pa<span class=\"_ _2\"></span>rt of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> goi<span class=\"_ _2\"></span>ng conc<span class=\"_ _2\"></span>ern<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">e</span><span class=\"ws52\">valuati<span class=\"_ _2\"></span>on, <span class=\"ls1 ws0\">m</span>anageme<span class=\"_ _2\"></span>nt <span class=\"ls2f ws70\">considered the f<span class=\"_ _2\"></span>ollowing </span></span>l<span class=\"_ _2\"></span>arge e<span class=\"_ _2\"></span>xpe<span class=\"_ _2\"></span>nditure<span class=\"_ _2\"></span>s </div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls53 ws80 gs27\">that <span class=\"ls2f ws70\">are expected <span class=\"_ _2\"></span><span class=\"ws75\">to occur from December 1, 202<span class=\"ls1 ws0\">5 <span class=\"_ _1\"></span><span class=\"ls4a ws74\">t<span class=\"_ _2\"></span>o Ma<span class=\"ls1 ws0\">y <span class=\"_ _1\"></span><span class=\"ls31 ws51\">31,<span class=\"_ _2\"></span> 202<span class=\"ls1 ws0\">7:<span class=\"_ _1\"></span> </span></span></span></span></span></span></span></div><div class=\"t m0 h98 ff48 fs41 fc5 sc0 ls1 ws0 gs28\">\u2022<span class=\"ff49\"> <span class=\"_ _b\"> </span><span class=\"ff46 fs39 fc2 ls30 ws50\">Repayment<span class=\"_ _2\"></span>s o<span class=\"_ _2\"></span>f long<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls53 ws32\">term de<span class=\"_ _2\"></span>bt o<span class=\"_ _2\"></span>f $<span class=\"ls31 ws53\">488.6</span></span> </span>million<span class=\"_ _2\"></span> thr<span class=\"_ _2\"></span>ough <span class=\"_ _2\"></span>the p<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>od<span class=\"ls1 ws0\">. </span></span></span></div><div class=\"t m0 h98 ff48 fs41 fc5 sc0 ls1 ws0 gs29\">\u2022<span class=\"ff49\"> <span class=\"_ _b\"> </span><span class=\"ff46 fs39 fc2 ls2f ws70\">Repayment on the o<span class=\"_ _2\"></span>utstanding u<span class=\"_ _2\"></span>ncommitted c<span class=\"_ _2\"></span>redit line of $6<span class=\"_ _2\"></span>5.0 <span class=\"_ _2\"></span>million<span class=\"ls1 ws0\">.  </span></span></span></div><div class=\"t m0 h98 ff48 fs41 fc5 sc0 ls1 ws0 gs2a\">\u2022<span class=\"ff49\"> <span class=\"_ _b\"> </span><span class=\"ff46 fs39 fc2 ls53 ws32\">Investmen<span class=\"_ _2\"></span>t and<span class=\"_ _2\"></span> c<span class=\"ls30 ws50\">api<span class=\"_ _2\"></span>tal ex<span class=\"_ _2\"></span>pe<span class=\"_ _2\"></span>nditure<span class=\"_ _2\"></span> com<span class=\"_ _2\"></span>mitme<span class=\"_ _2\"></span>nts o<span class=\"_ _2\"></span>f <span class=\"_ _2\"></span>approxi<span class=\"_ _2\"></span>mat<span class=\"_ _2\"></span>ely $<span class=\"_ _2\"></span><span class=\"ls31 ws51\">413.2 million<span class=\"ls1 ws0\">. </span></span></span></span></span></div><div class=\"t m0 h98 ff48 fs41 fc5 sc0 ls1 ws0 gs2b\">\u2022<span class=\"ff49\"> <span class=\"_ _b\"> </span><span class=\"ff46 fs39 fc2 ls30 ws50\">Routine<span class=\"_ _2\"></span> work<span class=\"_ _2\"></span>ing c<span class=\"_ _2\"></span>apital<span class=\"_ _2\"></span> re<span class=\"_ _2\"></span>quire<span class=\"_ _2\"></span>ments.<span class=\"_ _195\"> </span></span></span><span class=\"ff49\"><span class=\"ff46 fs39 fc2 ls30 ws50\"><span class=\"_ _2\"></span> </span></span><span class=\"ff49\"><span class=\"ff46 fs39 fc2 ls30 ws50\"><span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls2f ws70 gs2d\">These future<span class=\"_ _2\"></span> expenditures a<span class=\"_ _2\"></span>re <span class=\"ls53 ws80\">cover</span><span class=\"ws4e\">ed<span class=\"_ _2\"></span> </span>by the following:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff48 fs41 fc5 sc0 ls1 ws0 gs2e\">\u2022<span class=\"ff49\"> <span class=\"_ _b\"> </span><span class=\"ff46 fs39 fc2 ls31 ws51\">At November 30, 2025, the Group had cash and cash equivalents of $144.6 million<span class=\"ls50 ws7d\">. <span class=\"ls1 ws0\"> </span></span></span></span></div><div class=\"t m0 h98 ff48 fs41 fc5 sc0 ls1 ws0 gs2f\">\u2022<span class=\"ff49\"> <span class=\"_ _b\"> </span><span class=\"ff46 fs39 fc2 ls30 ws50\">The Group<span class=\"_ _2\"></span> has<span class=\"_ _2\"></span> an <span class=\"_ _2\"></span>undraw<span class=\"_ _2\"></span>n c<span class=\"_ _2\"></span>omm<span class=\"_ _2\"></span>itted <span class=\"_ _2\"></span>revol<span class=\"_ _2\"></span>ving<span class=\"_ _2\"></span> credi<span class=\"_ _2\"></span>t f<span class=\"_ _2\"></span>acili<span class=\"_ _2\"></span>ty f<span class=\"_ _2\"></span>or $<span class=\"_ _2\"></span>142.0<span class=\"_ _2\"></span> mill<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> with <span class=\"_ _2\"></span>an </span></span></div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls30 ws50 gs30\">expi<span class=\"_ _2\"></span>ration<span class=\"_ _2\"></span> date<span class=\"_ _2\"></span> in 2<span class=\"_ _2\"></span>028,<span class=\"_ _2\"></span> ano<span class=\"_ _2\"></span>ther <span class=\"_ _2\"></span>undraw<span class=\"_ _2\"></span>n f<span class=\"_ _2\"></span>acili<span class=\"_ _2\"></span>ty for<span class=\"_ _2\"></span> $15<span class=\"_ _2\"></span>0.0 mi<span class=\"_ _2\"></span>lli<span class=\"_ _2\"></span>on wi<span class=\"_ _2\"></span>th a<span class=\"_ _2\"></span>n expi<span class=\"_ _2\"></span>ratio<span class=\"_ _2\"></span>n i<span class=\"_ _2\"></span>n 202<span class=\"_ _2\"></span>9 and<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls2f ws70 gs31\">$40.0 million <span class=\"_ _2\"></span>undrawn facili<span class=\"_ _2\"></span>ty due in<span class=\"_ _2\"></span> December 202<span class=\"_ _2\"></span><span class=\"ls1 ws0\">7<span class=\"ls30 ws50\">. The $8<span class=\"_ _2\"></span>0.0<span class=\"_ _2\"></span> mi<span class=\"_ _2\"></span>llion o<span class=\"_ _2\"></span>utsta<span class=\"_ _2\"></span>ndi<span class=\"_ _2\"></span>ng unde<span class=\"_ _2\"></span>r t<span class=\"_ _2\"></span>he </span></span></div><div class=\"t m0 h98 ff4a fs39 fc2 sc0 ls2f ws70 gs32\">Group\u2019s committ<span class=\"_ _2\"></span>ed revolving c<span class=\"_ _2\"></span>redit facili<span class=\"_ _2\"></span>ties is s<span class=\"_ _2\"></span>hown as long<span class=\"_ _2\"></span><span class=\"ff46 ls1 ws0\">-</span><span class=\"ff46\">term debt<span class=\"ls50 ws7d\">. <span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 h98 ff48 fs41 fc5 sc0 ls1 ws0 gs33\">\u2022<span class=\"ff49\"> <span class=\"_ _b\"> </span><span class=\"ff46 fs39 fc2 ls30 ws50\">The Group<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> in <span class=\"_ _2\"></span>the p<span class=\"_ _2\"></span>rocess<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> com<span class=\"_ _2\"></span>pleting<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> doc<span class=\"_ _2\"></span>ument<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n on<span class=\"_ _2\"></span> a pre<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">delivery sale<span class=\"_ _2\"></span></span>-<span class=\"_ _1\"></span><span class=\"ls30 ws52\">le<span class=\"_ _2\"></span>asebac<span class=\"_ _2\"></span>k </span></span></span></span></div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls2f ws4e gs34\">facility <span class=\"ws70\">for approximately $39<span class=\"_ _2\"></span>3.0 <span class=\"_ _2\"></span>million <span class=\"ls30 ws50\">to<span class=\"_ _2\"></span> fin<span class=\"_ _2\"></span>ance t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>six <span class=\"_ _2\"></span>newbuil<span class=\"_ _2\"></span>ds be<span class=\"_ _2\"></span>ing b<span class=\"_ _2\"></span>uilt<span class=\"_ _2\"></span> by <span class=\"_ _2\"></span>the W<span class=\"_ _2\"></span>uhu </span></span></div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls2f ws70 gs35\">Shipyards with<span class=\"_ _2\"></span> expected deli<span class=\"_ _2\"></span>very between 2026<span class=\"_ _2\"></span> <span class=\"ls4b ws77\">and<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>2028 (Newbuild <span class=\"_ _2\"></span>facilities). T<span class=\"_ _2\"></span>he facility ha<span class=\"_ _2\"></span>s a </div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls4a ws76 gs36\">loan<span class=\"ls1 ws0\">-<span class=\"ls53 ws80\">to</span>-<span class=\"ls30 ws50\">value o<span class=\"_ _2\"></span>f 95<span class=\"_ _2\"></span>% of <span class=\"_ _2\"></span>the t<span class=\"_ _2\"></span>otal <span class=\"_ _2\"></span>purch<span class=\"_ _2\"></span>ase p<span class=\"_ _2\"></span>rice<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>the s<span class=\"_ _2\"></span>hips<span class=\"_ _2\"></span> with <span class=\"_ _2\"></span>a 15<span class=\"_ _2\"></span></span>-<span class=\"ls2f ws70\">year tenor and fix<span class=\"_ _2\"></span>ed interest<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls2f ws70 gs37\">of 5.7%. The<span class=\"_ _2\"></span> facility will<span class=\"_ _2\"></span> be treate<span class=\"_ _2\"></span>d as col<span class=\"_ _2\"></span>lateralised debt<span class=\"_ _2\"></span> by the <span class=\"_ _2\"></span>Group<span class=\"ls1 ws0\">. </span></div><div class=\"t m0 h98 ff48 fs41 fc5 sc0 ls1 ws0 gs38\">\u2022<span class=\"ff49\"> <span class=\"_ _b\"> </span><span class=\"ff46 fs39 fc2 ls2f ws70\">The ability of <span class=\"_ _2\"></span>the Group to<span class=\"_ _2\"></span> meet f<span class=\"_ _2\"></span>uture expenditure <span class=\"_ _2\"></span>requirements <span class=\"_ _2\"></span>is dependen<span class=\"_ _2\"></span>t on t<span class=\"_ _2\"></span>he timing and </span></span></div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls30 ws50 gs39\">quant<span class=\"_ _2\"></span>um of<span class=\"_ _2\"></span> cash<span class=\"_ _2\"></span> flo<span class=\"_ _2\"></span>ws fr<span class=\"_ _2\"></span>om op<span class=\"_ _2\"></span>era<span class=\"_ _2\"></span>tions.<span class=\"_ _2\"></span> <span class=\"ls2f ws70\">For examp<span class=\"_ _2\"></span>le, for t<span class=\"_ _2\"></span>he year ended<span class=\"_ _2\"></span> November 30<span class=\"_ _2\"></span>, 2025<span class=\"_ _2\"></span>, net </span></div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls2f ws70 gs3a\">cash generated fr<span class=\"_ _2\"></span>om operati<span class=\"_ _2\"></span>ng activities<span class=\"_ _2\"></span> was $575.0 mill<span class=\"_ _2\"></span>ion. <span class=\"ls30 ws50\">T<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span> has<span class=\"_ _2\"></span> prep<span class=\"_ _2\"></span>ared<span class=\"_ _2\"></span> a de<span class=\"_ _2\"></span>tailed<span class=\"_ _2\"></span> </span></div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls2f ws70 gs3b\">cash flow forec<span class=\"_ _2\"></span>ast for 2<span class=\"_ _2\"></span>02<span class=\"ls1 ws0\">6 <span class=\"_ _1\"></span><span class=\"ls31 ws81\">and 202<span class=\"ls1 ws0\">7,<span class=\"_ _3\"></span> <span class=\"ls30 ws50\">whic<span class=\"_ _2\"></span>h sho<span class=\"_ _2\"></span>ws c<span class=\"_ _2\"></span>ontin<span class=\"_ _2\"></span>ued ro<span class=\"_ _2\"></span>bust<span class=\"_ _2\"></span> cash<span class=\"_ _2\"></span> from<span class=\"_ _2\"></span> ope<span class=\"_ _2\"></span>ratio<span class=\"_ _2\"></span>ns</span> <span class=\"ls30 ws52\">and </span></span></span></span></div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls2f ws70 gs3c\">compliance with<span class=\"_ _2\"></span> all debt co<span class=\"_ _2\"></span>venants<span class=\"ls1 ws0\">. <span class=\"_ _1\"></span><span class=\"ls2f ws70\">C<span class=\"_ _2\"></span>ash flow forec<span class=\"_ _2\"></span>asts are <span class=\"_ _2\"></span>revised and re<span class=\"_ _2\"></span>viewed by </span></span></div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls1 ws0 gs3d\">m<span class=\"ls30 ws52\">anagement<span class=\"_ _2\"></span> <span class=\"ws50\">monthly <span class=\"_ _2\"></span>and re<span class=\"_ _2\"></span>vie<span class=\"_ _2\"></span>wed b<span class=\"_ _2\"></span>y the<span class=\"_ _2\"></span> Bo<span class=\"_ _2\"></span>ard of<span class=\"_ _2\"></span> Direc<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>rs qu<span class=\"_ _2\"></span>arterly<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span></span></span> </div><div class=\"t m0 h98 ff48 fs41 fc5 sc0 ls1 ws0 gs3e\">\u2022<span class=\"ff49\"> <span class=\"_ _b\"> </span><span class=\"ff46 fs39 fc2 ls30 ws50\">The Group<span class=\"_ _2\"></span> has<span class=\"_ _2\"></span> acce<span class=\"_ _2\"></span>ss <span class=\"_ _2\"></span>to al<span class=\"_ _2\"></span>tern<span class=\"_ _2\"></span>ative<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>rms of<span class=\"_ _2\"></span> capi<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span> such<span class=\"_ _2\"></span> as s<span class=\"_ _2\"></span>ale o<span class=\"_ _2\"></span>f equ<span class=\"_ _2\"></span>ity<span class=\"_ _2\"></span> inst<span class=\"_ _2\"></span>rumen<span class=\"_ _2\"></span>ts o<span class=\"_ _2\"></span>r ot<span class=\"_ _2\"></span>her </span></span></div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls48 ws72 gs3f\">assets<span class=\"ls30 ws50\">, <span class=\"_ _2\"></span>reis<span class=\"_ _2\"></span>suance<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>asury <span class=\"_ _2\"></span>shares<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>and the<span class=\"_ _2\"></span> abil<span class=\"_ _2\"></span>ity <span class=\"_ _2\"></span><span class=\"ls53 ws80\">to<span class=\"ls1 ws0\"> </span></span>reduce<span class=\"_ _2\"></span> divi<span class=\"_ _2\"></span>dends<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 h98 ff48 fs41 fc5 sc0 ls1 ws0 gs40\">\u2022<span class=\"ff49\"> <span class=\"_ _b\"> </span><span class=\"ff46 fs39 fc2 ls30 ws50\">The Group<span class=\"_ _2\"></span> has<span class=\"_ _2\"></span> perf<span class=\"_ _2\"></span>ormed<span class=\"_ _2\"></span> s<span class=\"_ _2\"></span>tress<span class=\"_ _2\"></span> testi<span class=\"_ _2\"></span>ng by<span class=\"_ _2\"></span> con<span class=\"_ _2\"></span>sider<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> vari<span class=\"_ _2\"></span>ous d<span class=\"_ _2\"></span>ownsid<span class=\"_ _2\"></span>e sce<span class=\"_ _2\"></span>nari<span class=\"_ _2\"></span>os<span class=\"ls1 ws0\"> </span><span class=\"ws52\">with<span class=\"_ _2\"></span>out </span></span></span></div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls30 ws50 gs41\">negati<span class=\"_ _2\"></span>ve re<span class=\"_ _2\"></span>sult<span class=\"_ _2\"></span>s, i<span class=\"_ _2\"></span>ncludi<span class=\"_ _2\"></span>ng n<span class=\"_ _2\"></span>ot br<span class=\"_ _2\"></span>eaking<span class=\"_ _2\"></span> deb<span class=\"_ _2\"></span>t co<span class=\"_ _2\"></span>venan<span class=\"_ _2\"></span>ts<span class=\"ls1 ws0\">. </span>The dow<span class=\"_ _2\"></span>nside<span class=\"_ _2\"></span> scena<span class=\"_ _2\"></span>rios<span class=\"_ _2\"></span> consid<span class=\"_ _2\"></span>ered<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls30 ws50 gs42\">involv<span class=\"_ _2\"></span>e a d<span class=\"_ _2\"></span>ecre<span class=\"_ _2\"></span>ase i<span class=\"_ _2\"></span>n <span class=\"ff4a ws52\">Tank<span class=\"_ _2\"></span>ers<span class=\"_ _2\"></span>\u2019 </span><span class=\"ls2f ws4e\">sailed<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">in <span class=\"_ _2\"></span>rates<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> <span class=\"ls47 ws82\">an avera<span class=\"_ _1\"></span>ge of <span class=\"ls1 ws0\">9<span class=\"ls30 ws50\">% in <span class=\"_ _2\"></span><span class=\"ls2f ws70\">the second<span class=\"_ _2\"></span> half of <span class=\"ls31 ws53\">202</span></span></span>6 <span class=\"ls30 ws52\">and </span></span></span></span></span></span></div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls1 ws0 gs43\">1<span class=\"ls31 ws51\">2%<span class=\"_ _1\"></span> in 202<span class=\"ls1 ws0\">7<span class=\"ls30 ws50\">, bef<span class=\"_ _2\"></span>ore<span class=\"_ _2\"></span> recov<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>oward<span class=\"_ _2\"></span>s bas<span class=\"_ _2\"></span>e case<span class=\"_ _2\"></span> ex<span class=\"_ _2\"></span>pect<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span>s in 2<span class=\"_ _2\"></span>02</span>8 a<span class=\"_ _1\"></span><span class=\"ls30 ws50\">nd a<span class=\"_ _2\"></span> red<span class=\"_ _2\"></span>uctio<span class=\"_ _2\"></span>n in <span class=\"_ _2\"></span>STC<span class=\"_ _2\"></span> </span></span></span></div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls31 ws51 gs44\">rates by 11% in 2026<span class=\"ls1 ws0\">. </span></div><div class=\"t m0 h98 ff48 fs41 fc5 sc0 ls1 ws0 gs45\">\u2022<span class=\"ff49\"> <span class=\"_ _b\"> </span><span class=\"ff46 fs39 fc2 ls2f ws70\">The Group has asses<span class=\"_ _2\"></span>sed the si<span class=\"_ _2\"></span>tuation in t<span class=\"_ _2\"></span>he Middle Eas<span class=\"_ _2\"></span>t but does<span class=\"_ _2\"></span> not believe<span class=\"_ _2\"></span> that it wi<span class=\"_ _2\"></span>ll impact<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls30 ws50 gs46\">the go<span class=\"_ _2\"></span>ing c<span class=\"_ _2\"></span>once<span class=\"_ _2\"></span>rn co<span class=\"_ _2\"></span>nclus<span class=\"_ _2\"></span>ion.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls30 ws50 gs47\">In the<span class=\"_ _2\"></span> opi<span class=\"_ _2\"></span>nion<span class=\"_ _2\"></span> of <span class=\"ws52\">M<span class=\"_ _2\"></span>anagem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws4f\">the Gr<span class=\"_ _2\"></span>oup <span class=\"ws50\">has<span class=\"_ _2\"></span> adeq<span class=\"_ _2\"></span>uate <span class=\"_ _2\"></span>resou<span class=\"_ _2\"></span>rce<span class=\"_ _2\"></span>s to c<span class=\"_ _2\"></span>onti<span class=\"_ _2\"></span>nue <span class=\"_ _2\"></span><span class=\"ls53 ws80\">to<span class=\"ls1 ws0\"> </span></span><span class=\"ws52\">opera<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\">e <span class=\"_ _1\"></span><span class=\"ls30 ws50\">as a<span class=\"_ _2\"></span> goi<span class=\"_ _2\"></span>ng </span></span></span></span></span></span></span></div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls54 ws83 gs48\">concern <span class=\"_ _1\"></span><span class=\"ls2f ws70\">fo<span class=\"_ _2\"></span>r the foresee<span class=\"_ _2\"></span>able futur<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">a<span class=\"_ _2\"></span>nd<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">to comply with a<span class=\"_ _2\"></span>ll debt cov<span class=\"_ _2\"></span>enants</span></span><span class=\"ws4f\">. If f<span class=\"_ _2\"></span>or any re<span class=\"_ _2\"></span>ason the<span class=\"_ _2\"></span> </span></span></span></span></div><div class=\"t m0 h98 ff4a fs39 fc2 sc0 ls30 ws50 gs49\">Group<span class=\"_ _2\"></span> is u<span class=\"_ _2\"></span>nable<span class=\"_ _2\"></span> to c<span class=\"_ _2\"></span>onti<span class=\"_ _2\"></span>nue <span class=\"_ _2\"></span>as a<span class=\"_ _2\"></span> going<span class=\"_ _2\"></span> conc<span class=\"_ _2\"></span>ern<span class=\"_ _2\"></span>, then<span class=\"_ _2\"></span> this<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>uld h<span class=\"_ _2\"></span>ave a<span class=\"_ _2\"></span>n imp<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span> on t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup\u2019s<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls2f ws70 gs4a\">ability to <span class=\"_ _2\"></span>realise assets <span class=\"_ _2\"></span>at their r<span class=\"_ _2\"></span>ecognised v<span class=\"_ _2\"></span>alues, in p<span class=\"_ _2\"></span>articular g<span class=\"_ _2\"></span>oodwill and o<span class=\"_ _2\"></span>ther inta<span class=\"_ _2\"></span>ngible asset<span class=\"_ _2\"></span>s, </div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls2f ws70 gs4b\">and to extingu<span class=\"_ _2\"></span>ish liabili<span class=\"_ _2\"></span>ties in<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">the norm<span class=\"_ _2\"></span>al c<span class=\"_ _2\"></span>ourse<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> busine<span class=\"_ _2\"></span>ss<span class=\"_ _2\"></span> at <span class=\"_ _2\"></span>the amo<span class=\"_ _2\"></span>unts<span class=\"_ _2\"></span> state<span class=\"_ _2\"></span>d <span class=\"_ _2\"></span></span> </span></div><div class=\"t m0 h98 ff46 fs39 fc2 sc0 ls30 ws4f gs4c\">in the <span class=\"ls1 ws0\">C<span class=\"ls2f ws4e\">onsolidated </span>F<span class=\"_ _1\"></span><span class=\"ls30 ws52\">i<span class=\"_ _2\"></span>nancial<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">S<span class=\"_ _1\"></span><span class=\"ls55 ws73\">ta<span class=\"ls2f ws4e\">tements.<span class=\"ls1 ws0\"> </span></span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ls1 ws0\"><span class=\"ls55 ws73\"><span class=\"ls2f ws4e\"><span class=\"ls1 ws0\"><span class=\"_ _c0\"> </span> </span></span></span></span></span></span></div><div class=\"t m0 ha6 ff4d fs3c fcb sc0 ls4d ws84 gs4e\">Basis of <span class=\"ls56 ws85\">mea<span class=\"_ _2\"></span>suremen<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 h98 ff4e fs39 fc2 sc0 ls2f ws4e gs4f\">The <span class=\"_ _1\"></span><span class=\"ls1 ws0\">C<span class=\"ls2f ws4e\">onsolidated </span>F<span class=\"_ _1\"></span><span class=\"ls30 ws52\">i<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al <span class=\"ls1 ws0\">S</span><span class=\"ws50\">tatements<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span>p<span class=\"ls30 ws50\">repare<span class=\"_ _2\"></span>d o<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> hist<span class=\"_ _2\"></span>oric<span class=\"_ _2\"></span>al c<span class=\"_ _2\"></span>ost ba<span class=\"_ _2\"></span>sis<span class=\"_ _2\"></span> excep<span class=\"_ _2\"></span>t fo<span class=\"_ _2\"></span>r </span></span></span></span></span></div><div class=\"t m0 h98 ff4e fs39 fc2 sc0 ls30 ws50 gs50\">deriv<span class=\"_ _2\"></span>ative <span class=\"_ _2\"></span>fin<span class=\"_ _2\"></span>ancial<span class=\"_ _2\"></span> inst<span class=\"_ _2\"></span>rume<span class=\"_ _2\"></span>nts,<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nancial<span class=\"_ _2\"></span> ins<span class=\"_ _2\"></span>trum<span class=\"_ _2\"></span>ents m<span class=\"_ _2\"></span>eas<span class=\"_ _2\"></span>ured<span class=\"_ _2\"></span> at f<span class=\"_ _2\"></span>air v<span class=\"_ _2\"></span>alue <span class=\"_ _2\"></span>thro<span class=\"_ _2\"></span>ugh ot<span class=\"_ _2\"></span>her </div><div class=\"t m0 h98 ff4e fs39 fc2 sc0 ls30 ws50 gs51\">compre<span class=\"_ _2\"></span>hensi<span class=\"_ _2\"></span>ve i<span class=\"_ _2\"></span>ncome<span class=\"_ _2\"></span>, <span class=\"ls2f ws70\">defined<span class=\"_ _2\"></span> benefit pla<span class=\"_ _2\"></span>n assets <span class=\"_ _2\"></span>and biologica<span class=\"_ _2\"></span>l assets, <span class=\"ws4e\">a<span class=\"_ _2\"></span>ll<span class=\"ls1 ws0\"> <span class=\"ls4a ws76\">of</span> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">whi<span class=\"_ _2\"></span>ch a<span class=\"_ _2\"></span>re <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span></div><div class=\"t m0 h98 ff4e fs39 fc2 sc0 ls30 ws50 gs52\">stated<span class=\"_ _2\"></span> at t<span class=\"_ _2\"></span>hei<span class=\"_ _2\"></span>r <span class=\"ls57 ws86\">fair<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">value.<span class=\"_ _2\"></span> </span></span></span><span class=\"ls57 ws86\"><span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 ha6 ff4d fs3c fcb sc0 ls56 ws87 gs53\">Basis of cons<span class=\"_ _2\"></span>olida<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h7e ff4d fs39 fc9 sc0 ls4b ws77 gs54\">Subsi<span class=\"_ _2\"></span>diar<span class=\"_ _2\"></span>ies<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff4e fs39 fc2 sc0 ls2f ws70 gs55\">Subsidiaries <span class=\"_ _2\"></span>are entities c<span class=\"_ _2\"></span>ontrolled by <span class=\"_ _2\"></span>the Group. <span class=\"_ _2\"></span>Control exist<span class=\"_ _2\"></span>s where a<span class=\"_ _2\"></span> parent entity<span class=\"_ _2\"></span> is <span class=\"_ _2\"></span><span class=\"ws4e\">either </span></div><div class=\"t m0 h98 ff4e fs39 fc2 sc0 ls2f ws4e gs56\">exposed<span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">to<span class=\"ls30 ws50\">, or<span class=\"_ _2\"></span> has<span class=\"_ _2\"></span> rights<span class=\"_ _2\"></span> to,<span class=\"_ _2\"></span> va<span class=\"_ _2\"></span>riabl<span class=\"_ _2\"></span>e retu<span class=\"_ _2\"></span>rns f<span class=\"_ _2\"></span>rom<span class=\"_ _2\"></span> its i<span class=\"_ _2\"></span>nvol<span class=\"_ _2\"></span>veme<span class=\"_ _2\"></span>nt <span class=\"_ _2\"></span>with th<span class=\"_ _2\"></span>e sub<span class=\"_ _2\"></span>sidi<span class=\"_ _2\"></span>ary <span class=\"_ _2\"></span>and h<span class=\"_ _2\"></span>as <span class=\"_ _2\"></span></span></span> </span></div><div class=\"t m0 h98 ff4e fs39 fc2 sc0 ls30 ws50 gs57\">the ab<span class=\"_ _2\"></span>ility<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> affec<span class=\"_ _2\"></span>t t<span class=\"_ _2\"></span>hose r<span class=\"_ _2\"></span>etur<span class=\"_ _2\"></span>ns thr<span class=\"_ _2\"></span>ough <span class=\"_ _2\"></span>its<span class=\"_ _2\"></span> powe<span class=\"_ _2\"></span>r ove<span class=\"_ _2\"></span>r the<span class=\"_ _2\"></span> sub<span class=\"_ _2\"></span>sidi<span class=\"_ _2\"></span>ary.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls47 ws82\">A parent enti<span class=\"_ _1\"></span>ty has power </span></span></div><div class=\"t m0 h98 ff4e fs39 fc2 sc0 ls2f ws70 gs58\">over the sub<span class=\"_ _2\"></span>sidiary when i<span class=\"_ _2\"></span>t has e<span class=\"_ _2\"></span>xisting rights <span class=\"_ _2\"></span>to direct <span class=\"_ _2\"></span>the releva<span class=\"_ _2\"></span>nt activities of<span class=\"_ _2\"></span> the subsid<span class=\"_ _2\"></span>iary. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff4e fs39 fc2 sc0 ls2f ws70 gs59\">The relevant ac<span class=\"_ _2\"></span>tivities are <span class=\"_ _2\"></span>those <span class=\"ls30 ws52\">t<span class=\"_ _2\"></span>hat </span><span class=\"ff4f\">significantly affec<span class=\"_ _2\"></span>t the s<span class=\"_ _2\"></span>ubsidiary\u2019s re<span class=\"_ _2\"></span>turns. The abi<span class=\"_ _2\"></span>lity <span class=\"_ _2\"></span></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff4e fs39 fc2 sc0 ls30 ws4f gs5a\">to appr<span class=\"_ _2\"></span>ove the o<span class=\"_ _2\"></span>perati<span class=\"_ _2\"></span>ng and<span class=\"_ _2\"></span> capital<span class=\"_ _2\"></span> budge<span class=\"_ _2\"></span>t of a subs<span class=\"_ _2\"></span>idia<span class=\"_ _2\"></span>ry<span class=\"ls1 ws0\">, </span><span class=\"ws50\">and the <span class=\"_ _2\"></span>abili<span class=\"_ _2\"></span>ty t<span class=\"_ _2\"></span>o app<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> key </span></div><div class=\"t m0 h98 ff4e fs39 fc2 sc0 ls30 ws50 gs5b\">managem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> pers<span class=\"_ _2\"></span>onnel<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls2f ws70\">are deci<span class=\"_ _2\"></span>s<span class=\"ls30 ws4f\">ions<span class=\"_ _2\"></span> that dem<span class=\"_ _2\"></span>onst<span class=\"_ _2\"></span>rate th<span class=\"_ _2\"></span>at the Gr<span class=\"_ _2\"></span>oup has<span class=\"_ _2\"></span> existi<span class=\"_ _2\"></span>ng rig<span class=\"_ _2\"></span>hts<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">t<span class=\"_ _2\"></span>o dire<span class=\"_ _2\"></span>ct </span></span></span></span></span></div><div class=\"t m0 h98 ff4e fs39 fc2 sc0 ls30 ws50 gs5c\">the rel<span class=\"_ _2\"></span>eva<span class=\"_ _2\"></span>nt ac<span class=\"_ _2\"></span>tivi<span class=\"_ _2\"></span>ties o<span class=\"_ _2\"></span>f a <span class=\"_ _2\"></span>subsid<span class=\"_ _2\"></span>iary.<span class=\"_ _2\"></span> In <span class=\"_ _2\"></span>asse<span class=\"_ _2\"></span>ssing<span class=\"_ _2\"></span> con<span class=\"_ _2\"></span>trol,<span class=\"_ _2\"></span> pote<span class=\"_ _2\"></span>nti<span class=\"_ _2\"></span>al vot<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> rights<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>at a<span class=\"_ _2\"></span>re cur<span class=\"_ _2\"></span>rentl<span class=\"_ _2\"></span>y </div><div class=\"t m0 h98 ff4e fs39 fc2 sc0 ls30 ws50 gs5d\">exerci<span class=\"_ _2\"></span>sabl<span class=\"_ _2\"></span>e or<span class=\"_ _2\"></span> conve<span class=\"_ _2\"></span>rtibl<span class=\"_ _2\"></span>e a<span class=\"_ _2\"></span>re t<span class=\"_ _2\"></span>aken i<span class=\"_ _2\"></span>nto <span class=\"_ _2\"></span>acco<span class=\"_ _2\"></span>unt. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff4e fs39 fc2 sc0 ls2f ws4e gs5e\">The <span class=\"ls1 ws0\">F<span class=\"_ _3\"></span><span class=\"ls30 ws52\">i<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>ial <span class=\"ls1 ws0\">S<span class=\"ls2f ws70\">tatements of sub<span class=\"_ _2\"></span>sidiaries are<span class=\"_ _2\"></span> included in<span class=\"_ _2\"></span> the </span>C<span class=\"ls2f ws4e\">onsolidated </span>F</span>inancial<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">S<span class=\"_ _1\"></span><span class=\"ls53 ws80\">tatem<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span> </span></span></span></span></div><div class=\"t m0 h98 ff4e fs39 fc2 sc0 ls30 ws50 gs5f\">from <span class=\"_ _2\"></span>the d<span class=\"_ _2\"></span>ate t<span class=\"_ _2\"></span>hat c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>rol <span class=\"ws52\">be<span class=\"_ _2\"></span>gins<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>until t<span class=\"_ _2\"></span>he dat<span class=\"_ _2\"></span>e th<span class=\"_ _2\"></span>at c<span class=\"_ _2\"></span>ontro<span class=\"_ _2\"></span>l ceas<span class=\"_ _2\"></span>es. <span class=\"_ _2\"></span>Where<span class=\"_ _2\"></span> neces<span class=\"_ _2\"></span>sary<span class=\"_ _2\"></span>, ad<span class=\"_ _2\"></span>justm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s </div><div class=\"t m0 h98 ff4e fs39 fc2 sc0 ls30 ws50 gs60\">are m<span class=\"_ _2\"></span>ade to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">F</span><span class=\"ws52\">inanci<span class=\"_ _2\"></span>al <span class=\"ls1 ws0\">S<span class=\"_ _1\"></span><span class=\"ls30 ws50\">tate<span class=\"_ _2\"></span>ments<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> subsi<span class=\"_ _2\"></span>diarie<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>to <span class=\"ws52\">b<span class=\"_ _2\"></span>ring<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">the accou<span class=\"_ _2\"></span>nting policies u<span class=\"_ _2\"></span>sed in line<span class=\"_ _2\"></span> </span></span></span></span></span></span></div><div class=\"t m0 h98 ff4e fs39 fc2 sc0 ls47 ws82 gs61\">with t<span class=\"_ _1\"></span>hose used<span class=\"_ _1\"></span> by the Group. A<span class=\"_ _1\"></span>ll<span class=\"_ _2\"></span> intra<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">group<span class=\"_ _2\"></span> tr<span class=\"_ _2\"></span>ansac<span class=\"_ _2\"></span>tions<span class=\"_ _2\"></span>, bal<span class=\"_ _2\"></span>anc<span class=\"_ _2\"></span>es, inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> <span class=\"ls2f ws4e\">expenses<span class=\"ls1 ws0\"> </span></span><span class=\"ws52\">are </span></span></span></div><div class=\"t m0 h98 ff4e fs39 fc2 sc0 ls2f ws70 gs62\">eliminated in fu<span class=\"_ _2\"></span>ll on co<span class=\"_ _2\"></span>nsolidation<span class=\"ls1 ws0\">.</span><span class=\"ls1 ws0\"> </span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 ha6 ff4d fs3c fcb sc0 ls58 ws88 gs63\">Foreign currency<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h7e ff4d fs39 fc9 sc0 ls46 ws89 gs64\">(i) Fo<span class=\"_ _2\"></span>reig<span class=\"_ _2\"></span>n curre<span class=\"_ _2\"></span>nc<span class=\"_ _2\"></span>y tran<span class=\"_ _2\"></span>sac<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff4e fs39 fc2 sc0 ls47 ws71 gs65\">Sep<span class=\"_ _1\"></span>arate<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span>F<span class=\"ls30 ws52\">inanc<span class=\"_ _2\"></span>ial </span>S<span class=\"ls30 ws52\">tatements<span class=\"_ _2\"></span> <span class=\"ls2f ws4e\">of <span class=\"_ _1\"></span><span class=\"ws70\">the <span class=\"_ _2\"></span>subsidiaries and<span class=\"_ _2\"></span> equity met<span class=\"_ _2\"></span>hod investees <span class=\"_ _2\"></span><span class=\"ls4a ws76\">of <span class=\"ls30 ws52\">the <span class=\"ws50\">Group<span class=\"_ _2\"></span> are </span></span></span></span></span></span></span></div><div class=\"t m0 h98 ff4e fs39 fc2 sc0 ls2f ws70 gs66\">presented in t<span class=\"_ _2\"></span>he function<span class=\"_ _2\"></span>al <span class=\"ls30 ws52\">cur<span class=\"_ _2\"></span>rency<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">o<span class=\"_ _2\"></span>f the<span class=\"_ _2\"></span> prim<span class=\"_ _2\"></span>ary<span class=\"_ _2\"></span> eco<span class=\"_ _2\"></span>nomic<span class=\"_ _2\"></span> env<span class=\"_ _2\"></span>ironm<span class=\"_ _2\"></span>ent i<span class=\"_ _2\"></span>n w<span class=\"_ _2\"></span>hich <span class=\"ws52\">t<span class=\"_ _2\"></span>hey oper<span class=\"_ _2\"></span>ate.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span></div><div class=\"t m0 h98 ff4e fs39 fc2 sc0 ls30 ws50 gs67\">Trans<span class=\"_ _2\"></span>actio<span class=\"_ _2\"></span>ns i<span class=\"_ _2\"></span>n forei<span class=\"_ _2\"></span>gn c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>ncie<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> tra<span class=\"_ _2\"></span>nslate<span class=\"_ _2\"></span>d a<span class=\"_ _2\"></span>t the<span class=\"_ _2\"></span> forei<span class=\"_ _2\"></span>gn ex<span class=\"_ _2\"></span>cha<span class=\"_ _2\"></span>nge <span class=\"_ _2\"></span>rate p<span class=\"_ _2\"></span>revai<span class=\"_ _2\"></span>ling<span class=\"_ _2\"></span> at <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff4e fs39 fc2 sc0 ls30 ws50 gs68\">the da<span class=\"_ _2\"></span>te o<span class=\"_ _2\"></span>f the<span class=\"_ _2\"></span> tra<span class=\"_ _2\"></span>nsacti<span class=\"_ _2\"></span>on. M<span class=\"_ _2\"></span>one<span class=\"_ _2\"></span>tary <span class=\"_ _2\"></span>asset<span class=\"_ _2\"></span>s <span class=\"ws52\">a<span class=\"_ _2\"></span>nd<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">liabilities denom<span class=\"_ _2\"></span>inated in foreig<span class=\"_ _2\"></span>n currencies <span class=\"_ _2\"></span></span> </span></span></div><div class=\"t m0 h98 ff4e fs39 fc2 sc0 ls30 ws50 gs69\">at th<span class=\"_ _2\"></span>e bal<span class=\"_ _2\"></span>ance <span class=\"_ _2\"></span>shee<span class=\"_ _2\"></span>t date<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> tra<span class=\"_ _2\"></span>nslate<span class=\"_ _2\"></span>d a<span class=\"_ _2\"></span>t the<span class=\"_ _2\"></span> forei<span class=\"_ _2\"></span>gn ex<span class=\"_ _2\"></span>change<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>rate<span class=\"_ _2\"></span> prevai<span class=\"_ _2\"></span>ling<span class=\"_ _2\"></span> at t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> date<span class=\"_ _2\"></span>. <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff4e fs39 fc2 sc0 ls4b ws77 gs6a\">Non<span class=\"ls1 ws0\">-<span class=\"ls30 ws4f\">monet<span class=\"_ _2\"></span>ary asse<span class=\"_ _2\"></span>ts<span class=\"_ _2\"></span></span> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">a<span class=\"_ _2\"></span>nd liab<span class=\"_ _2\"></span>ili<span class=\"_ _2\"></span>ties t<span class=\"_ _2\"></span>hat <span class=\"_ _2\"></span>are m<span class=\"_ _2\"></span>easu<span class=\"_ _2\"></span>red i<span class=\"_ _2\"></span>n te<span class=\"_ _2\"></span>rms of<span class=\"_ _2\"></span> hi<span class=\"_ _2\"></span>storic<span class=\"_ _2\"></span>al c<span class=\"_ _2\"></span>ost i<span class=\"_ _2\"></span>n a f<span class=\"_ _2\"></span>oreig<span class=\"_ _2\"></span>n </span></span></div><div class=\"t m0 h98 ff4e fs39 fc2 sc0 ls30 ws50 gs6b\">currenc<span class=\"_ _2\"></span>y a<span class=\"_ _2\"></span>re no<span class=\"_ _2\"></span>t ret<span class=\"_ _2\"></span>rans<span class=\"_ _2\"></span>late<span class=\"_ _2\"></span>d<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls2f ws70\">while non<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2f ws70\">mo<span class=\"_ _2\"></span>netary assets <span class=\"_ _2\"></span>and liabi<span class=\"_ _2\"></span>lities<span class=\"ls1 ws0\"> </span>denominated in foreig<span class=\"_ _2\"></span>n </span></span></span></span></div><div class=\"t m0 h98 ff4e fs39 fc2 sc0 ls30 ws50 gs6c\">currenc<span class=\"_ _2\"></span>ies <span class=\"_ _2\"></span>that<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> state<span class=\"_ _2\"></span>d a<span class=\"_ _2\"></span>t fai<span class=\"_ _2\"></span>r val<span class=\"_ _2\"></span>ue are<span class=\"_ _2\"></span> tra<span class=\"_ _2\"></span>nslat<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>at fo<span class=\"_ _2\"></span>reign<span class=\"_ _2\"></span> ex<span class=\"_ _2\"></span>change<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span>s pre<span class=\"_ _2\"></span>vaili<span class=\"_ _2\"></span>ng at<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff4e fs39 fc2 sc0 ls30 ws50 gs6d\">dates<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> fair<span class=\"ls1 ws0\"> </span><span class=\"ws52\">value<span class=\"_ _2\"></span><span class=\"ls1 ws0\">s <span class=\"_ _1\"></span><span class=\"ls30 ws52\">we<span class=\"_ _2\"></span>re <span class=\"ls54 ws83\">de<span class=\"ls2f ws4e\">termined.<span class=\"_ _195\"> </span></span></span></span></span></span><span class=\"ws52\"><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ls54 ws83\"><span class=\"ls2f ws4e\"><span class=\"ls1 ws0\"> </span></span></span></span></span></span><span class=\"ws52\"><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ls54 ws83\"><span class=\"ls2f ws4e\"><span class=\"ls1 ws0\"> </span></span></span></span></span></span></div><div class=\"t m0 h98 ff4e fs39 fc2 sc0 ls2f ws70 gs6f\">Foreign exchange<span class=\"_ _2\"></span> differences <span class=\"_ _2\"></span>arising on<span class=\"_ _2\"></span> translation a<span class=\"_ _2\"></span>re recognise<span class=\"_ _2\"></span>d in the <span class=\"_ _2\"></span>income sta<span class=\"_ _2\"></span>tement, exce<span class=\"_ _2\"></span>pt </div><div class=\"t m0 h98 ff4e fs39 fc2 sc0 ls30 ws50 gs70\">for t<span class=\"_ _2\"></span>hose d<span class=\"_ _2\"></span>iffe<span class=\"_ _2\"></span>renc<span class=\"_ _2\"></span>es a<span class=\"_ _2\"></span>rising<span class=\"_ _2\"></span> fro<span class=\"_ _2\"></span>m hedgi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span><span class=\"ls4b ws77\">and<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">mone<span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span>ry bal<span class=\"_ _2\"></span>anc<span class=\"_ _2\"></span>es wit<span class=\"_ _2\"></span>h fo<span class=\"_ _2\"></span>reign<span class=\"_ _2\"></span> ope<span class=\"_ _2\"></span>ratio<span class=\"_ _2\"></span>ns whe<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span> </span></span></span></div><div class=\"t m0 h98 ff4e fs39 fc2 sc0 ls2f ws70 gs71\">settlement is n<span class=\"_ _2\"></span>ot planned <span class=\"_ _2\"></span>and unlikely<span class=\"_ _2\"></span> to occur<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _3\"></span><span class=\"ls30 ws50\">w<span class=\"_ _2\"></span>hich<span class=\"_ _2\"></span> are <span class=\"_ _2\"></span>reco<span class=\"_ _2\"></span>rde<span class=\"_ _2\"></span>d<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">in <span class=\"_ _1\"></span><span class=\"ls1 ws0\">o<span class=\"ls30 ws50\">ther c<span class=\"_ _2\"></span>ompreh<span class=\"_ _2\"></span>ensi<span class=\"_ _2\"></span>ve inc<span class=\"_ _2\"></span>ome.<span class=\"_ _2\"></span> </span></span></span></span></span></span></div><div class=\"t m0 h98 ff4e fs39 fc2 sc0 ls2f ws70 gs72\">Differences <span class=\"_ _2\"></span>related to hedg<span class=\"_ _2\"></span>ing of operat<span class=\"_ _2\"></span>ing expenses <span class=\"_ _2\"></span>are reco<span class=\"_ _2\"></span>rded in ope<span class=\"_ _2\"></span>rating expenses.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h7e ff4d fs39 fc9 sc0 ls59 ws2f gs73\">(ii)<span class=\"_ _1\"></span> Foreign opera<span class=\"_ _1\"></span>tions<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff4e fs39 fc2 sc0 ls30 ws50 gs74\">For t<span class=\"_ _2\"></span>he pu<span class=\"_ _2\"></span>rpose<span class=\"_ _2\"></span> of p<span class=\"_ _2\"></span>resen<span class=\"_ _2\"></span>ting<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">C<span class=\"ls2f ws4e\">onsolidated </span>F<span class=\"_ _1\"></span><span class=\"ls30 ws52\">ina<span class=\"_ _2\"></span>ncial<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">S<span class=\"_ _1\"></span><span class=\"ls2f ws70\">tatement<span class=\"_ _2\"></span>s, the assets<span class=\"_ _2\"></span> and liabili<span class=\"_ _2\"></span>ties of <span class=\"_ _2\"></span>the </span></span></span></span></div><div class=\"t m0 h98 ff4f fs39 fc2 sc0 ls2f ws70 gs75\">Group\u2019s foreign<span class=\"_ _2\"></span> operations, i<span class=\"_ _2\"></span>ncluding go<span class=\"_ _2\"></span>odwill <span class=\"ff4e ls30 ws52\">a<span class=\"_ _2\"></span>nd<span class=\"ls1 ws0\"> </span><span class=\"ws4f\">fair val<span class=\"_ _2\"></span>ue adju<span class=\"_ _2\"></span>stmen<span class=\"_ _2\"></span>ts ari<span class=\"_ _2\"></span>sing on<span class=\"_ _2\"></span> consoli<span class=\"_ _2\"></span>dat<span class=\"_ _2\"></span>ion, </span></span></div><div class=\"t m0 h98 ff4e fs39 fc2 sc0 ls30 ws50 gs76\">are t<span class=\"_ _2\"></span>ransl<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> at f<span class=\"_ _2\"></span>oreig<span class=\"_ _2\"></span>n exc<span class=\"_ _2\"></span>hang<span class=\"_ _2\"></span>e rates<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>revail<span class=\"_ _2\"></span>ing <span class=\"_ _2\"></span>at th<span class=\"_ _2\"></span>e bal<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> shee<span class=\"_ _2\"></span>t da<span class=\"_ _2\"></span>te. T<span class=\"_ _2\"></span>he <span class=\"ws52\">op<span class=\"_ _2\"></span>era<span class=\"_ _2\"></span>ting reven<span class=\"_ _2\"></span>ue </span></div><div class=\"t m0 h98 ff4e fs39 fc2 sc0 ls30 ws50 gs77\">and ex<span class=\"_ _2\"></span>pense<span class=\"_ _2\"></span>s <span class=\"ls4a ws76\">of<span class=\"ls1 ws0\"> </span></span><span class=\"ws4f\">for<span class=\"_ _2\"></span>eign ope<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ons ar<span class=\"_ _2\"></span>e tran<span class=\"_ _2\"></span>slated<span class=\"_ _2\"></span> at an ave<span class=\"_ _2\"></span>rage r<span class=\"_ _2\"></span>ate fo<span class=\"_ _2\"></span>r the per<span class=\"_ _2\"></span>iod wher<span class=\"_ _2\"></span>e thi<span class=\"_ _2\"></span>s rate </span></div><div class=\"t m0 h98 ff4e fs39 fc2 sc0 ls2f ws70 gs78\">approximates t<span class=\"_ _2\"></span>he foreign exch<span class=\"_ _2\"></span>ange rates<span class=\"_ _2\"></span> at the da<span class=\"_ _2\"></span>tes of the <span class=\"_ _2\"></span>transactions. <span class=\"_ _2\"></span>The diffe<span class=\"_ _2\"></span>rences are </div><div class=\"t m0 h98 ff4e fs39 fc2 sc0 ls30 ws50 gs79\">reco<span class=\"_ _2\"></span>rded i<span class=\"_ _2\"></span>n ot<span class=\"_ _2\"></span>her com<span class=\"_ _2\"></span>pre<span class=\"_ _2\"></span>hensi<span class=\"_ _2\"></span>ve i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e.<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 ha6 ff4d fs3c fcb sc0 ls5a ws8a gs7a\">Othe<span class=\"_ _2\"></span>r <span class=\"ls5b ws8b\">m<span class=\"_ _1\"></span>ater<span class=\"_ _1\"></span>ial<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span>a<span class=\"ls58 ws8c\">ccounting <span class=\"_ _1\"></span><span class=\"ls1 ws0\">p<span class=\"ls4d ws8d\">olic<span class=\"_ _2\"></span>ies</span> </span></span></span></span></div><div class=\"t m0 h98 ff4e fs39 fc2 sc0 ls30 ws50 gs7b\">Accou<span class=\"_ _2\"></span>nting p<span class=\"_ _2\"></span>oli<span class=\"_ _2\"></span>cies<span class=\"_ _2\"></span> for <span class=\"_ _2\"></span>indi<span class=\"_ _2\"></span>vidual<span class=\"_ _2\"></span> bal<span class=\"_ _2\"></span>ance s<span class=\"_ _2\"></span>heet<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>income<span class=\"_ _2\"></span> s<span class=\"_ _2\"></span>tate<span class=\"_ _2\"></span>ment <span class=\"_ _2\"></span>accoun<span class=\"_ _2\"></span>ts a<span class=\"_ _2\"></span>re i<span class=\"_ _2\"></span>nclude<span class=\"_ _2\"></span>d in<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e </div><div class=\"t m0 h98 ff4e fs39 fc2 sc0 ls53 ws32 gs7c\">respecti<span class=\"_ _2\"></span>ve f<span class=\"_ _2\"></span>ootnote<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\">.  </span></div><div class=\"t m0 ha6 ff4d fs3c fcb sc0 ls58 ws8e gs7d\">New standards that are not yet effective<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff4e fs39 fc2 sc0 ls30 ws50 gs7e\">There<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> no <span class=\"ws52\">s<span class=\"_ _2\"></span>tanda<span class=\"_ _2\"></span>rds that <span class=\"ls2f ws70\">are not yet<span class=\"_ _2\"></span> effective<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">that <span class=\"_ _2\"></span>are expect<span class=\"_ _2\"></span>ed to have<span class=\"_ _2\"></span> a material<span class=\"_ _2\"></span> effect on<span class=\"_ _2\"></span> the </span></span></span></span></div><div class=\"t m0 h98 ff4f fs39 fc2 sc0 ls49 ws78 gs7f\">Group<span class=\"_ _2\"></span>\u2019s<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ff4e ls1 ws0\">F<span class=\"ls30 ws52\">inanci<span class=\"_ _2\"></span>al </span>S<span class=\"_ _1\"></span><span class=\"ls30 ws52\">t<span class=\"_ _2\"></span>ateme<span class=\"_ _2\"></span>nts.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 ha6 ff4d fs3c fcb sc0 ls5c ws8f gs80\">Accountin<span class=\"_ _2\"></span>g poli<span class=\"_ _2\"></span>cies that be<span class=\"_ _2\"></span>came effe<span class=\"_ _2\"></span>ctive d<span class=\"_ _2\"></span>uring t<span class=\"_ _2\"></span>he year<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff4e fs39 fc2 sc0 ls30 ws50 gs81\">There<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> no ne<span class=\"_ _2\"></span>w acc<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span>ing p<span class=\"_ _2\"></span>olic<span class=\"_ _2\"></span>ies <span class=\"_ _2\"></span>that h<span class=\"_ _2\"></span>ave b<span class=\"_ _2\"></span>ecome<span class=\"_ _2\"></span> effe<span class=\"_ _2\"></span>ctive<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>during <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> year<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws4f\">that have<span class=\"_ _2\"></span> had a </span></div><div class=\"t m0 h98 ff4f fs39 fc2 sc0 ls2f ws70 gs82\">material effec<span class=\"_ _2\"></span>t on the <span class=\"_ _2\"></span>Group\u2019s <span class=\"ff4e ls1 ws0\">F<span class=\"ls30 ws52\">inancial<span class=\"_ _2\"></span></span> S<span class=\"_ _1\"></span><span class=\"ls30 ws52\">t<span class=\"_ _2\"></span>ateme<span class=\"_ _2\"></span>nts<span class=\"ls1 ws0\">.</span></span></span><span class=\"ff4e ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 ha6 ff52 fs3c fcb sc0 ls58 ws8e gs84\">Critical accounting judgements and key sources of estimation uncertainty<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff53 fs39 fc2 sc0 ls30 ws50 gs85\">In con<span class=\"_ _2\"></span>necti<span class=\"_ _2\"></span>on w<span class=\"_ _2\"></span>ith <span class=\"_ _2\"></span>the pr<span class=\"_ _2\"></span>epa<span class=\"_ _2\"></span>ratio<span class=\"_ _2\"></span>n of <span class=\"_ _2\"></span>the C<span class=\"_ _2\"></span>onsol<span class=\"_ _2\"></span>ida<span class=\"_ _2\"></span>ted Fi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>ial <span class=\"_ _2\"></span>Statem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s, ma<span class=\"_ _2\"></span>nageme<span class=\"_ _2\"></span>nt h<span class=\"_ _2\"></span>as m<span class=\"_ _2\"></span>ade as<span class=\"_ _2\"></span>sump<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> esti<span class=\"_ _2\"></span>mate<span class=\"_ _2\"></span>s ab<span class=\"_ _2\"></span>out<span class=\"_ _2\"></span> futu<span class=\"_ _2\"></span>re eve<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls2f ws70\">and applied<span class=\"_ _2\"></span> judgements <span class=\"_ _2\"></span>that affect<span class=\"_ _2\"></span> the report<span class=\"_ _2\"></span>ed </span></span></div><div class=\"t m0 h98 ff53 fs39 fc2 sc0 ls2f ws70 gs86\">amounts of <span class=\"_ _2\"></span>assets, liabili<span class=\"_ _2\"></span>ties, <span class=\"ls30 ws52\">op<span class=\"_ _2\"></span>erati<span class=\"_ _2\"></span>ng <span class=\"ws50\">revenue<span class=\"_ _2\"></span>, exp<span class=\"_ _2\"></span>ense<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he rel<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> disc<span class=\"_ _2\"></span>losure<span class=\"_ _2\"></span>s.<span class=\"_ _2\"></span> The a<span class=\"_ _2\"></span>ssu<span class=\"_ _2\"></span>mptio<span class=\"_ _2\"></span>ns, <span class=\"_ _2\"></span></span></span><span class=\"ws4e\">estimates<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">and j<span class=\"_ _2\"></span>udgem<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> based<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>histo<span class=\"_ _2\"></span>rical<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>ence,<span class=\"_ _2\"></span> cur<span class=\"_ _2\"></span>rent <span class=\"_ _2\"></span>trends<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>othe<span class=\"_ _2\"></span>r f<span class=\"_ _2\"></span>actor<span class=\"_ _2\"></span>s </span></span></span></div><div class=\"t m0 h98 ff53 fs39 fc2 sc0 ls2f ws70 gs87\">that management bel<span class=\"_ _2\"></span>ieves to <span class=\"ls31 ws53\">be<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span><span class=\"ws4e\">relevant<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">at the t<span class=\"_ _2\"></span>ime <span class=\"_ _2\"></span>the Co<span class=\"_ _2\"></span>nsol<span class=\"_ _2\"></span>idate<span class=\"_ _2\"></span>d Fi<span class=\"_ _2\"></span>nancia<span class=\"_ _2\"></span>l St<span class=\"_ _2\"></span>ateme<span class=\"_ _2\"></span>nts <span class=\"_ _2\"></span>are p<span class=\"_ _2\"></span>rep<span class=\"_ _2\"></span>ared. A<span class=\"_ _2\"></span>ctu<span class=\"_ _2\"></span>al res<span class=\"_ _2\"></span>ults<span class=\"_ _2\"></span> may d<span class=\"_ _2\"></span>iff<span class=\"_ _2\"></span>er <span class=\"_ _2\"></span>from t<span class=\"_ _2\"></span>hese <span class=\"_ _2\"></span>estim<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>s. On<span class=\"_ _2\"></span> a reg<span class=\"_ _2\"></span>ular<span class=\"_ _2\"></span> </span></span></span>basis<span class=\"_ _2\"></span>, management r<span class=\"_ _2\"></span>eviews the </div><div class=\"t m0 h98 ff53 fs39 fc2 sc0 ls30 ws50 gs88\">accou<span class=\"_ _2\"></span>nting p<span class=\"_ _2\"></span>olic<span class=\"_ _2\"></span>ies,<span class=\"_ _2\"></span> assum<span class=\"_ _2\"></span>pti<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span>, est<span class=\"_ _2\"></span>imate<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> judg<span class=\"_ _2\"></span>emen<span class=\"_ _2\"></span>ts<span class=\"ls1 ws0\"> </span><span class=\"ws4f\">to ensu<span class=\"_ _2\"></span>re tha<span class=\"_ _2\"></span>t the <span class=\"ls2f ws4e\">Consolida<span class=\"_ _2\"></span>ted </span></span>Financial<span class=\"_ _2\"></span> Sta<span class=\"_ _2\"></span>tement<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e p<span class=\"_ _2\"></span>rese<span class=\"_ _2\"></span>nted fai<span class=\"_ _2\"></span>rly<span class=\"_ _2\"></span> and i<span class=\"_ _2\"></span>n ac<span class=\"_ _2\"></span>corda<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> wit<span class=\"_ _2\"></span>h IFR<span class=\"_ _2\"></span>S and<span class=\"_ _2\"></span> Berm<span class=\"_ _2\"></span>uda <span class=\"ls1 ws0\">c</span>om<span class=\"_ _2\"></span>pany l<span class=\"_ _2\"></span>aw,<span class=\"_ _2\"></span> app<span class=\"_ _2\"></span>lied </div><div class=\"t m0 h98 ff53 fs39 fc2 sc0 ls2f ws70 gs89\">on a consis<span class=\"_ _2\"></span>tent basis. Re<span class=\"_ _2\"></span>visions to <span class=\"_ _2\"></span>accounting es<span class=\"_ _2\"></span>timates are <span class=\"_ _2\"></span>recognised i<span class=\"_ _2\"></span>n the period <span class=\"_ _2\"></span>in which <span class=\"_ _2\"></span>the estimate is<span class=\"_ _2\"></span> revised i<span class=\"_ _2\"></span>f<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">the re<span class=\"_ _2\"></span>visi<span class=\"_ _2\"></span>on aff<span class=\"_ _2\"></span>ects<span class=\"_ _2\"></span> onl<span class=\"_ _2\"></span>y th<span class=\"_ _2\"></span>at peri<span class=\"_ _2\"></span>od,<span class=\"_ _2\"></span> or <span class=\"_ _2\"></span>in t<span class=\"_ _2\"></span>he pe<span class=\"_ _2\"></span>riod of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> rev<span class=\"_ _2\"></span>isio<span class=\"_ _2\"></span>n and<span class=\"_ _2\"></span> fut<span class=\"_ _2\"></span>ure </span></span></div><div class=\"t m0 h98 ff53 fs39 fc2 sc0 ls2f ws70 gs8a\">periods if t<span class=\"_ _2\"></span>he change affec<span class=\"_ _2\"></span>ts both <span class=\"_ _2\"></span>as per IA<span class=\"_ _2\"></span>S 8, Accounting<span class=\"_ _2\"></span> Policies, <span class=\"_ _2\"></span><span class=\"ls30 ws52\">Change<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span><span class=\"ws50\">in Ac<span class=\"_ _2\"></span>count<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> Estim<span class=\"_ _2\"></span>ates a<span class=\"_ _2\"></span>nd E<span class=\"_ _2\"></span>rro<span class=\"_ _2\"></span>rs.<span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 h98 ff53 fs39 fc2 sc0 ls30 ws50 gs8b\">Critic<span class=\"_ _2\"></span>al ac<span class=\"_ _2\"></span>coun<span class=\"_ _2\"></span>ting<span class=\"_ _2\"></span> estim<span class=\"_ _2\"></span>ates<span class=\"_ _2\"></span> an<span class=\"_ _2\"></span>d judg<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> tho<span class=\"_ _2\"></span>se th<span class=\"_ _2\"></span>at h<span class=\"_ _2\"></span>ave a<span class=\"_ _2\"></span> sig<span class=\"_ _2\"></span>nific<span class=\"_ _2\"></span>ant <span class=\"_ _2\"></span>risk o<span class=\"_ _2\"></span>f havi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>a mate<span class=\"_ _2\"></span>rial<span class=\"_ _2\"></span> impac<span class=\"_ _2\"></span>t <span class=\"_ _2\"></span>on the<span class=\"_ _2\"></span> Con<span class=\"_ _2\"></span>sol<span class=\"ls2f ws4e\">id<span class=\"_ _2\"></span>ated </span><span class=\"ws52\">Financi<span class=\"_ _2\"></span>al<span class=\"ls1 ws0\"> </span><span class=\"ws4f\">Stateme<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span>. Manag<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span> believe<span class=\"_ _2\"></span>s the<span class=\"_ _2\"></span> followi<span class=\"_ _2\"></span>ng are<span class=\"_ _2\"></span>as are t<span class=\"_ _2\"></span>he </span></span></div><div class=\"t m0 h98 ff53 fs39 fc2 sc0 ls30 ws50 gs8c\">signifi<span class=\"_ _2\"></span>can<span class=\"_ _2\"></span>t judg<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nts <span class=\"_ _2\"></span>and es<span class=\"_ _2\"></span>tim<span class=\"_ _2\"></span>ates u<span class=\"_ _2\"></span>sed i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>repara<span class=\"_ _2\"></span>tion o<span class=\"_ _2\"></span>f <span class=\"_ _2\"></span><span class=\"ws52\">the<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">Consolidated<span class=\"_ _2\"></span></span> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">Fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al<span class=\"ls1 ws0\"> </span>Statem<span class=\"_ _2\"></span>ents:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></div><div class=\"gs8d\"><table class=\"s w128 h105\" id=\"_4c94ac06-5948-49b1-aaab-22228c255638\"><tr><td class=\"c x286 y29fa w4d ha8\"><div class=\"t m0 x1a6 ha9 y1d6f ff54 fs3a fcb sc0 ls1f ws90\">Critic<span class=\"_ _2\"></span>al account<span class=\"_ _2\"></span>ing <span class=\"ls2c ws91\">e<span class=\"_ _2\"></span>stimate</span><span class=\"ls2c ws91\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x287 y29fa w4e ha8\"><div class=\"t m0 x1a6 ha9 y1d6f ff54 fs3a fcb sc0 ls27 ws5b\">Source<span class=\"_ _2\"></span>s of <span class=\"_ _2\"></span><span class=\"ls20 ws5a\">account<span class=\"_ _2\"></span>ing ju<span class=\"_ _2\"></span>dgement o<span class=\"_ _2\"></span>r <span class=\"ls1f ws90\">estim<span class=\"_ _2\"></span>ation u<span class=\"_ _2\"></span>ncerta<span class=\"_ _2\"></span>inty</span></span><span class=\"ls20 ws5a\"><span class=\"ls1f ws90\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x288 y29fa w4f ha8\"><div class=\"t m0 x1a6 ha9 y1d6f ff54 fs3a fcb sc0 ls1f ws90\">Effect if<span class=\"_ _2\"></span> actu<span class=\"_ _2\"></span>al re<span class=\"_ _2\"></span>sults dif<span class=\"_ _2\"></span>fer fro<span class=\"_ _2\"></span>m <span class=\"_ _2\"></span>assumptio<span class=\"_ _2\"></span>ns<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"t m0 x289 ha6 y29fb ff52 fs3c fcb sc0 ls5c ws8f\">Voyage <span class=\"_ _2\"></span>revenue an<span class=\"_ _2\"></span>d costs<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td></td><td></td></tr><tr><td class=\"c x286 y29fc w4d hab\"><div class=\"t m0 x1a6 h98 y1d74 ff53 fs39 fc2 sc0 ls30 ws50\">The Gr<span class=\"_ _2\"></span>oup g<span class=\"_ _2\"></span>ener<span class=\"_ _2\"></span>ates<span class=\"_ _2\"></span> a ma<span class=\"_ _2\"></span>jority<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls4a ws76\">of<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls53 ws80\">i<span class=\"_ _2\"></span>ts <span class=\"ls30 ws52\">operat<span class=\"_ _2\"></span>ing reven<span class=\"_ _2\"></span>ue</span></span></span></span><span class=\"ls4a ws76\"><span class=\"ls1 ws0\"><span class=\"ls53 ws80\"><span class=\"ls30 ws52\"> </span></span></span></span></div></td><td class=\"c x287 y29fc w4e hab\"><div class=\"t m0 x1a6 h98 y1d74 ff53 fs39 fc2 sc0 ls30 ws50\">In app<span class=\"_ _2\"></span>lyi<span class=\"_ _2\"></span>ng the<span class=\"_ _2\"></span> perce<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span>age of<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>mple<span class=\"_ _2\"></span>tion m<span class=\"_ _2\"></span>ethod<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> reve<span class=\"_ _2\"></span>nue<span class=\"_ _2\"></span> </div></td><td class=\"c x288 y29fc w4f hab\"><div class=\"t m0 x1a6 h98 y1d74 ff53 fs39 fc2 sc0 ls30 ws50\">The ac<span class=\"_ _2\"></span>crued<span class=\"_ _2\"></span> voy<span class=\"_ _2\"></span>age <span class=\"_ _2\"></span>and pr<span class=\"_ _2\"></span>epaid<span class=\"_ _2\"></span> voy<span class=\"_ _2\"></span>age <span class=\"ls5d ws92\">expen<span class=\"_ _1\"></span>se <span class=\"_ _1\"></span><span class=\"ls30 ws52\">acc<span class=\"_ _2\"></span>ou<span class=\"_ _2\"></span>nts</span></span><span class=\"ls5d ws92\"><span class=\"ls30 ws52\"> <span class=\"ls1 ws0\"> </span></span></span></div></td></tr><tr><td class=\"t m0 x289 h98 y29fd ff53 fs39 fc2 sc0 ls30 ws4f\">throug<span class=\"_ _2\"></span>h its tank<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span> segmen<span class=\"_ _2\"></span>t from<span class=\"_ _2\"></span> the tran<span class=\"_ _2\"></span>sporta<span class=\"_ _2\"></span>tion o<span class=\"_ _2\"></span>f liqui<span class=\"_ _2\"></span>ds </td><td class=\"t m0 x28a h98 y29fd ff53 fs39 fc2 sc0 ls30 ws50\">and ex<span class=\"_ _2\"></span>pense<span class=\"_ _2\"></span>s fo<span class=\"_ _2\"></span>r <span class=\"ls54 ws83\">voyages<span class=\"ls1 ws0\"> </span></span>still<span class=\"_ _2\"></span> in <span class=\"_ _2\"></span>progre<span class=\"_ _2\"></span>ss a<span class=\"_ _2\"></span>t the<span class=\"_ _2\"></span> end o<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he </td><td class=\"t m0 x28b h98 y29fd ff53 fs39 fc2 sc0 ls30 ws50\">are u<span class=\"_ _2\"></span>sed<span class=\"ls1 ws0\"> </span>to ad<span class=\"_ _2\"></span>just <span class=\"_ _2\"></span>reve<span class=\"_ _2\"></span>nues<span class=\"_ _2\"></span> <span class=\"ls2f ws4e\">billed<span class=\"ls1 ws0\"> </span></span><span class=\"ws52\">and <span class=\"ls2f ws70\">vendor invoices <span class=\"_ _2\"></span>received</span></span><span class=\"ws52\"><span class=\"ls2f ws70\"> </span></span></td></tr><tr><td class=\"t m0 x289 h98 y29fe ff53 fs39 fc2 sc0 ls31 ws53\">by<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">sea<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> inl<span class=\"_ _2\"></span>and wa<span class=\"_ _2\"></span>ter<span class=\"ws52\">w<span class=\"_ _2\"></span>ays<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls47 ws82\">under contra<span class=\"_ _1\"></span>cts <span class=\"ls4a ws76\">of<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">affrei<span class=\"_ _2\"></span>ghtme<span class=\"_ _2\"></span>nt</span></span></span></span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"ws52\"><span class=\"ls1 ws0\"><span class=\"ls47 ws82\"><span class=\"ls4a ws76\"><span class=\"ls1 ws0\"> </span></span></span></span></span></span></span></td><td class=\"t m0 x28a h98 y29fe ff53 fs39 fc2 sc0 ls30 ws50\">repor<span class=\"_ _2\"></span>ting p<span class=\"_ _2\"></span>eriod<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> estim<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> and p<span class=\"_ _2\"></span>ror<span class=\"_ _2\"></span>ated o<span class=\"_ _2\"></span>ve<span class=\"_ _2\"></span>r the<span class=\"_ _2\"></span> peri<span class=\"_ _2\"></span>od <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x28b h98 y29fe ff53 fs39 fc2 sc0 ls53 ws80\">to <span class=\"ls30 ws52\">the<span class=\"ls1 ws0\"> </span>approp<span class=\"_ _2\"></span>riate amo<span class=\"_ _2\"></span>unts<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">to be rec<span class=\"_ _2\"></span>ognised </span>b</span>ased<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls4a ws76\">on<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">t<span class=\"_ _2\"></span>he</span></span></span></span></span><span class=\"ls30 ws52\"><span class=\"ls1 ws0\"><span class=\"ls4a ws76\"><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ls1 ws0\"> </span></span></span></span></span></span></td></tr><tr><td class=\"t m0 x289 h98 y29ff ff53 fs39 fc2 sc0 ls2f ws4e\">(COAs)<span class=\"ls1 ws0\"> <span class=\"ls4a ws76\">or</span> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">t<span class=\"_ _2\"></span>hroug<span class=\"_ _2\"></span>h co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>ts o<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he spo<span class=\"_ _2\"></span>t ma<span class=\"_ _2\"></span>rket.<span class=\"_ _2\"></span> <span class=\"ws52\">Tanke<span class=\"_ _2\"></span>rs </span></span></span></td><td class=\"t m0 x28a h98 y29ff ff53 fs39 fc2 sc0 ls30 ws4f\">of the <span class=\"ls2f ws70\">service<span class=\"_ _2\"></span> provided fo<span class=\"_ _2\"></span>r </span><span class=\"ws52\">eac<span class=\"_ _2\"></span>h<span class=\"ls1 ws0\"> </span><span class=\"ws50\">active co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>t<span class=\"ls50 ws7d\">.</span></span></span><span class=\"ws52\"><span class=\"ws50\"><span class=\"ls50 ws7d\"> <span class=\"ls1 ws0\"> </span></span></span></span></td><td class=\"t m0 x28b h98 y29ff ff53 fs39 fc2 sc0 ls30 ws52\">percen<span class=\"_ _2\"></span>tage<span class=\"_ _2\"></span> <span class=\"ls4a ws76\">of <span class=\"_ _1\"></span><span class=\"ls2f ws70\">complet<span class=\"_ _2\"></span>ion method<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">of acc<span class=\"_ _2\"></span>ounti<span class=\"_ _2\"></span>ng.</span></span></span></span><span class=\"ls4a ws76\"><span class=\"ls2f ws70\"><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"_ _2\"></span></span> </span></span></span></td></tr><tr><td class=\"t m0 x289 h98 y2a00 ff53 fs39 fc2 sc0 ls2f ws4e\">recognise <span class=\"ls53 ws32\">the majo<span class=\"_ _2\"></span>rity<span class=\"_ _2\"></span> of <span class=\"ws80\">i<span class=\"_ _2\"></span>ts <span class=\"ls30 ws50\">operati<span class=\"_ _2\"></span>ng re<span class=\"_ _2\"></span>venue<span class=\"_ _2\"></span> over<span class=\"_ _2\"></span> tim<span class=\"_ _2\"></span>e on <span class=\"_ _2\"></span>a</span></span></span><span class=\"ls53 ws32\"><span class=\"ws80\"><span class=\"ls30 ws50\"> </span></span></span></td><td class=\"t m0 x28a h98 y2a01 ff53 fs39 fc2 sc0 ls2f ws70\">For each voyage <span class=\"_ _2\"></span>leg, estima<span class=\"_ _2\"></span>tes<span class=\"ls1 ws0\"> <span class=\"ls30 ws4f\">are made of<span class=\"_ _2\"></span> revenu<span class=\"_ _2\"></span>e</span>s <span class=\"_ _1\"></span><span class=\"ls30 ws52\">a<span class=\"_ _2\"></span>nd</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"> </span></span></td><td class=\"t m0 x28b h98 y2a01 ff53 fs39 fc2 sc0 ls2f ws70\">Management does<span class=\"_ _2\"></span> not believe t<span class=\"_ _2\"></span>here would<span class=\"_ _2\"></span> be a m<span class=\"_ _2\"></span>aterial change </td></tr><tr><td class=\"t m0 x289 h98 y2a02 ff53 fs39 fc2 sc0 ls30 ws50\">prorate<span class=\"_ _2\"></span>d ba<span class=\"_ _2\"></span>sis<span class=\"_ _2\"></span> based<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">on the time c<span class=\"_ _2\"></span>argo is lo<span class=\"_ _2\"></span>aded to its</span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"> </span></span></td><td class=\"t m0 x28a h98 y2a03 ff53 fs39 fc2 sc0 ls30 ws50\">relate<span class=\"_ _2\"></span>d cos<span class=\"_ _2\"></span>ts b<span class=\"_ _2\"></span>ased<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>availab<span class=\"_ _2\"></span>le <span class=\"_ _2\"></span>actual<span class=\"_ _2\"></span> inf<span class=\"_ _2\"></span>ormati<span class=\"_ _2\"></span>on, c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>nt </td><td class=\"t m0 x28b h98 y2a03 ff53 fs39 fc2 sc0 ls2f ws70\">if the perce<span class=\"_ _2\"></span>ntage of c<span class=\"_ _2\"></span>ompletion method w<span class=\"_ _2\"></span>as based on<span class=\"_ _2\"></span> <span class=\"ws4e\">full</span><span class=\"ws4e\"> </span></td></tr><tr><td class=\"t m0 x289 h98 y2a04 ff53 fs39 fc2 sc0 ls2f ws70\">estimated dispa<span class=\"_ _2\"></span>tch<span class=\"ls30 ws50\">. Whe<span class=\"_ _2\"></span>n c<span class=\"_ _2\"></span>alcul<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng the<span class=\"_ _2\"></span> voy<span class=\"_ _2\"></span>age re<span class=\"_ _2\"></span>ven<span class=\"_ _2\"></span>ue and</span><span class=\"ls30 ws50\"><span class=\"_ _2\"></span> </span></td><td class=\"t m0 x28a h98 y2a05 ff53 fs39 fc2 sc0 ls30 ws50\">market<span class=\"_ _2\"></span> par<span class=\"_ _2\"></span>ameter<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws50\">suc<span class=\"_ _2\"></span>h as<span class=\"_ _2\"></span> fuel<span class=\"_ _2\"></span> c<span class=\"_ _2\"></span>ost a<span class=\"_ _2\"></span>nd cus<span class=\"_ _2\"></span>tomer<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>t</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"> </span></span></td><td class=\"t m0 x28b h98 y2a05 ff53 fs39 fc2 sc0 ls30 ws50\">voyage<span class=\"_ _2\"></span>s or<span class=\"_ _2\"></span> othe<span class=\"_ _2\"></span>r <span class=\"ws52\">c<span class=\"_ _2\"></span>riteri<span class=\"_ _2\"></span>a</span>, r<span class=\"_ _2\"></span>ather<span class=\"_ _2\"></span> tha<span class=\"_ _2\"></span>n usi<span class=\"_ _2\"></span>ng voy<span class=\"_ _2\"></span>age l<span class=\"_ _2\"></span>egs<span class=\"_ _2\"></span><span class=\"ls1 ws0\">.</span><span class=\"ls1 ws0\"><span class=\"_ _1\"></span> </span></td></tr><tr><td class=\"t m0 x289 h98 y2a06 ff53 fs39 fc2 sc0 ls30 ws50\">costs<span class=\"_ _2\"></span>, this<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>tion i<span class=\"_ _2\"></span>s f<span class=\"_ _2\"></span>irst b<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span>d on <span class=\"_ _2\"></span><span class=\"ff55 ls1 ws0\">\u2018</span><span class=\"ls2f ws70\">budgeted voyage legs<span class=\"ff55 ls1 ws0\">\u2019</span></span><span class=\"ls2f ws70\"><span class=\"ff55 ls1 ws0\"><span class=\"ff53\"> </span></span></span></td><td class=\"t m0 x28a h98 y2a07 ff53 fs39 fc2 sc0 ls30 ws50\">portf<span class=\"_ _2\"></span>olios,<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> rele<span class=\"_ _2\"></span>vant<span class=\"_ _2\"></span> hist<span class=\"_ _2\"></span>oric<span class=\"_ _2\"></span>al da<span class=\"_ _2\"></span>ta, <span class=\"_ _2\"></span><span class=\"ws52\">such<span class=\"ls1 ws0\"> </span>as<span class=\"ls1 ws0\"> <span class=\"ls4a ws74\">port c<span class=\"_ _2\"></span>osts.</span></span></span><span class=\"ws52\"><span class=\"ls1 ws0\"><span class=\"ls4a ws74\"> <span class=\"_ _2\"></span></span> </span></span></td><td class=\"t m0 x28b h98 y2a07 ff53 fs39 fc2 sc0 ls4a ws76\">However,<span class=\"_ _2\"></span> <span class=\"ls2f ws4e\">if<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">actu<span class=\"_ _2\"></span>al re<span class=\"_ _2\"></span>sul<span class=\"_ _2\"></span>ts a<span class=\"_ _2\"></span>re no<span class=\"_ _2\"></span>t con<span class=\"_ _2\"></span>sis<span class=\"_ _2\"></span>tent wi<span class=\"_ _2\"></span>th e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ates <span class=\"_ _2\"></span><span class=\"ls4a ws76\">or</span></span></span></span><span class=\"ls2f ws4e\"><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"ls4a ws76\"><span class=\"ls1 ws0\"> </span></span></span></span></span></td></tr><tr><td class=\"t m0 x289 h98 y2a08 ff53 fs39 fc2 sc0 ls30 ws50\">that <span class=\"_ _2\"></span>are <span class=\"_ _2\"></span>reviewed<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> upd<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> ann<span class=\"_ _2\"></span>ually<span class=\"_ _2\"></span>. Afte<span class=\"_ _2\"></span>r the<span class=\"_ _2\"></span> voy<span class=\"_ _2\"></span>age<span class=\"_ _2\"></span> </td><td></td><td class=\"t m0 x28b h98 y2a09 ff53 fs39 fc2 sc0 ls30 ws4f\">assum<span class=\"_ _2\"></span>ptions<span class=\"_ _2\"></span>, rev<span class=\"_ _2\"></span>enues<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws50\">or costs<span class=\"_ _2\"></span> may<span class=\"_ _2\"></span> be <span class=\"_ _2\"></span>over <span class=\"_ _2\"></span><span class=\"ls4a ws76\">or<span class=\"ls1 ws0\"> </span></span><span class=\"ws52\">underst<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span>.</span></span><span class=\"ws50\"><span class=\"ws52\"><span class=\"ls1 ws0\"> </span></span></span></td></tr><tr><td class=\"t m0 x289 h98 y2a0a ff53 fs39 fc2 sc0 ls2f ws4e\">legs<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">have beg<span class=\"_ _2\"></span>un, <span class=\"_ _2\"></span>they a<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span> update<span class=\"_ _2\"></span>d </span></span>fo<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">actual re<span class=\"_ _2\"></span>sults<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>the</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"> </span></span></td><td class=\"t m0 x28a h98 y2a0b ff53 fs39 fc2 sc0 ls30 ws50\">Reven<span class=\"_ _2\"></span>ue and<span class=\"_ _2\"></span> cos<span class=\"_ _2\"></span>t estim<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> up<span class=\"_ _2\"></span>dated<span class=\"_ _2\"></span> conti<span class=\"_ _2\"></span>nuall<span class=\"_ _2\"></span>y </td><td></td></tr><tr><td class=\"t m0 x289 h98 y2a0c ff53 fs39 fc2 sc0 ls53 ws80\">latest <span class=\"ls30 ws52\">upda<span class=\"_ _2\"></span>ted<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls48 ws72\">est<span class=\"_ _2\"></span>imates.</span></span></span><span class=\"ls30 ws52\"><span class=\"ls1 ws0\"><span class=\"ls48 ws72\"><span class=\"_ _2\"></span><span class=\"ff56 ls1 ws0\"> </span></span></span></span></td><td class=\"t m0 x28a h98 y2a0d ff53 fs39 fc2 sc0 ls30 ws4f\">throug<span class=\"_ _2\"></span>hout<span class=\"_ _2\"></span> the voy<span class=\"_ _2\"></span>age to acc<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> <span class=\"ls2f ws4e\">for<span class=\"ls1 ws0\"> </span></span><span class=\"ws50\">changes<span class=\"_ _2\"></span> in v<span class=\"_ _2\"></span>oyage</span><span class=\"ws50\"><span class=\"_ _2\"></span> </span></td><td class=\"t m0 x28b h98 y2a0d ff53 fs39 fc2 sc0 ls2f ws70\">At November 3<span class=\"_ _2\"></span>0, <span class=\"ls31 ws53\">202<span class=\"ls1 ws0\">5 <span class=\"_ _1\"></span><span class=\"ls30 ws52\">and<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ls31 ws53\">2024<span class=\"_ _2\"></span>,<span class=\"ls1 ws0\"> <span class=\"ls30 ws4f\">the accrued<span class=\"_ _2\"></span> voyag<span class=\"_ _2\"></span>e expe<span class=\"_ _2\"></span>nse</span></span></span></span></span></span><span class=\"ls31 ws53\"><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ls31 ws53\"><span class=\"ls1 ws0\"><span class=\"ls30 ws4f\"> </span></span></span></span></span></span></td></tr><tr><td></td><td class=\"t m0 x28a h98 y2a0e ff53 fs39 fc2 sc0 ls30 ws4f\">patte<span class=\"_ _2\"></span>rns, to i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>e the mos<span class=\"_ _2\"></span>t up<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls53 ws80\">to</span>-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">da<span class=\"_ _2\"></span>te dat<span class=\"_ _2\"></span>a and<span class=\"_ _2\"></span> to f<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>alise</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"_ _2\"></span> </span></span></td><td class=\"t m0 x28b h98 y2a0e ff53 fs39 fc2 sc0 ls30 ws50\">accou<span class=\"_ _2\"></span>nt wa<span class=\"_ _2\"></span>s $<span class=\"ls31 ws53\">68.8<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">million and $<span class=\"_ _2\"></span></span></span>70.9 <span class=\"ls2f ws75\">million, respectively, <span class=\"ls4a ws76\">of</span></span></span><span class=\"ls31 ws53\"><span class=\"ls2f ws75\"><span class=\"ls4a ws76\"><span class=\"ls1 ws0\"> </span></span></span></span></td></tr><tr><td></td><td class=\"t m0 x28a h98 y2a0f ff53 fs39 fc2 sc0 ls30 ws52\">revenue<span class=\"_ _2\"></span>s <span class=\"ls4b ws77\">and<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">expenses.</span></span></span><span class=\"ls4b ws77\"><span class=\"ls1 ws0\"><span class=\"ls2f ws4e\"> </span> </span></span></td><td class=\"t m0 x28b h98 y2a0f ff53 fs39 fc2 sc0 ls30 ws50\">which<span class=\"_ _2\"></span> $<span class=\"ls31 ws53\">35.3<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">million</span> </span></span>and $<span class=\"ls31 ws53\">40.2<span class=\"ls1 ws0\"> <span class=\"ls2f ws75\">million related to </span></span></span><span class=\"ws52\">cont<span class=\"_ _2\"></span>ract</span><span class=\"ws52\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x28b h98 y2a10 ff53 fs39 fc2 sc0 ls2f ws4e\">liabilities for<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">unearned<span class=\"_ _2\"></span></span> <span class=\"ls30 ws52\">revenues<span class=\"_ _2\"></span>.</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"> </span> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x28b h98 y2a11 ff53 fs39 fc2 sc0 ls30 ws50\">Prepai<span class=\"_ _2\"></span>d exp<span class=\"_ _2\"></span>enses<span class=\"_ _2\"></span> inc<span class=\"_ _2\"></span>luded<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">$2<span class=\"_ _1\"></span>4.4<span class=\"_ _1\"></span> <span class=\"ls2f ws70\">million and $<span class=\"ls31 ws53\">24.1</span></span> <span class=\"ls2f ws75\">million of</span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws75\"> </span></span></td></tr><tr><td></td><td></td><td class=\"t m0 x28b h98 y2a12 ff53 fs39 fc2 sc0 ls2f ws70\">prepaid invoice<span class=\"_ _2\"></span>s for voyages<span class=\"_ _2\"></span> in<span class=\"ls1 ws0\"> </span>progress applicable <span class=\"_ _2\"></span>to periods<span class=\"_ _2\"></span> </td></tr><tr><td></td><td></td><td class=\"t m0 x28b h98 y2a13 ff53 fs39 fc2 sc0 ls30 ws52\">subseq<span class=\"_ _2\"></span>uent<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">to <span class=\"_ _1\"></span><span class=\"ls31 ws51\">November 30, <span class=\"ws53\">202<span class=\"ls1 ws0\">5 <span class=\"ls30 ws52\">and <span class=\"_ _1\"></span><span class=\"ls31 ws53\">2024<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">respec<span class=\"_ _2\"></span>tively.</span></span></span></span></span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls53 ws80\"><span class=\"ls31 ws51\"><span class=\"ws53\"><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ls31 ws53\"><span class=\"ls1 ws0\"><span class=\"ls2f ws4e\"><span class=\"ls1 ws0\"> </span></span></span></span></span></span></span></span></span></span></td></tr></table></div><div class=\"gs8f\"><table class=\"s w129 h106\" id=\"_97da092a-713f-4ae3-9b58-078baf3d2ad1\"><tr><td class=\"c x24b y2a14 w4d hae\"><div class=\"t m0 x1a6 ha9 y1d8f ff5a fs3a fcb sc0 ls1f ws90\">Critic<span class=\"_ _2\"></span>al account<span class=\"_ _2\"></span>ing <span class=\"ls2c ws91\">e<span class=\"_ _2\"></span>stimate</span><span class=\"ls2c ws91\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x28c y2a14 w4e hae\"><div class=\"t m0 x1a6 ha9 y1d8f ff5a fs3a fcb sc0 ls27 ws5b\">Source<span class=\"_ _2\"></span>s of <span class=\"_ _2\"></span><span class=\"ls20 ws5a\">account<span class=\"_ _2\"></span>ing ju<span class=\"_ _2\"></span>dgement o<span class=\"_ _2\"></span>r <span class=\"ls1f ws90\">estim<span class=\"_ _2\"></span>ation u<span class=\"_ _2\"></span>ncerta<span class=\"_ _2\"></span>inty</span></span><span class=\"ls20 ws5a\"><span class=\"ls1f ws90\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x28d y2a14 w4f hae\"><div class=\"t m0 x1a6 ha9 y1d8f ff5a fs3a fcb sc0 ls1f ws90\">Effect if<span class=\"_ _2\"></span> actu<span class=\"_ _2\"></span>al re<span class=\"_ _2\"></span>sults dif<span class=\"_ _2\"></span>fer fro<span class=\"_ _2\"></span>m <span class=\"_ _2\"></span>assumptio<span class=\"_ _2\"></span>ns<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"t m0 x28e ha6 y2a15 ff59 fs3c fcb sc0 ls4d ws7a\">Depre<span class=\"_ _2\"></span>ciation<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>resid<span class=\"_ _2\"></span>ual va<span class=\"_ _2\"></span>lues<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td></td><td></td></tr><tr><td class=\"c x24b y2a16 w4d haf\"><div class=\"t m0 x1a6 h98 y1d94 ff5b fs39 fc2 sc0 ls30 ws50\">Ships,<span class=\"_ _2\"></span> barg<span class=\"_ _2\"></span>es, <span class=\"_ _2\"></span>tank<span class=\"_ _2\"></span> conta<span class=\"_ _2\"></span>ine<span class=\"_ _2\"></span>rs and<span class=\"_ _2\"></span> term<span class=\"_ _2\"></span>inal<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> dep<span class=\"_ _2\"></span>recia<span class=\"_ _2\"></span>ted <span class=\"_ _2\"></span>on </div></td><td class=\"c x28c y2a16 w4e haf\"><div class=\"t m0 x1a6 h98 y1d94 ff5b fs39 fc2 sc0 ls30 ws50\">In orde<span class=\"_ _2\"></span>r to<span class=\"_ _2\"></span> ac<span class=\"_ _2\"></span>hieve<span class=\"_ _2\"></span> comp<span class=\"_ _2\"></span>onent<span class=\"_ _2\"></span> ac<span class=\"_ _2\"></span>counting<span class=\"_ _2\"></span>, t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup u<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28d y2a16 w4f haf\"><div class=\"t m0 x1a6 h98 y1d94 ff5b fs39 fc2 sc0 ls2f ws70\">If the estim<span class=\"_ _2\"></span>ated economic<span class=\"_ _2\"></span> useful life<span class=\"_ _2\"></span> and resid<span class=\"_ _2\"></span>ual value<span class=\"ls1 ws0\"> <span class=\"ls30 ws4f\">has to</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws4f\"><span class=\"_ _2\"></span> </span></span></div></td></tr><tr><td class=\"t m0 x28e h98 y2a17 ff5b fs39 fc2 sc0 ls30 ws50\">a str<span class=\"_ _2\"></span>aight<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">line basis over t<span class=\"_ _2\"></span>heir estimated<span class=\"_ _2\"></span> useful li<span class=\"_ _2\"></span>ves, after</span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"> </span></span></td><td class=\"t m0 x28f h98 y2a17 ff5b fs39 fc2 sc0 ls2f ws70\">the weighted <span class=\"_ _2\"></span>average useful ec<span class=\"_ _2\"></span>onomic <span class=\"_ _2\"></span>life of the <span class=\"_ _2\"></span>asset. <span class=\"ls48 ws72\">In</span><span class=\"ls48 ws72\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></td><td class=\"t m0 x290 h98 y2a17 ff5b fs39 fc2 sc0 ls2f ws70\">be reduced in<span class=\"_ _2\"></span> future peri<span class=\"_ _2\"></span>ods,<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">an im<span class=\"_ _2\"></span>pairme<span class=\"_ _2\"></span>nt l<span class=\"_ _2\"></span>oss o<span class=\"_ _2\"></span>r add<span class=\"_ _2\"></span>itio<span class=\"_ _2\"></span>nal</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"> </span></span></td></tr><tr><td class=\"t m0 x28e h98 y2a18 ff5b fs39 fc2 sc0 ls30 ws52\">reduci<span class=\"_ _2\"></span>ng<span class=\"ls1 ws0\"> </span><span class=\"ws50\">for t<span class=\"_ _2\"></span>he est<span class=\"_ _2\"></span>imate<span class=\"_ _2\"></span>d <span class=\"_ _2\"></span>resid<span class=\"_ _2\"></span>ual v<span class=\"_ _2\"></span>alue.</span><span class=\"ws50\"><span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></span></td><td class=\"t m0 x28f h98 y2a18 ff5b fs39 fc2 sc0 ls30 ws50\">the cas<span class=\"_ _2\"></span>e <span class=\"ls60 ws4f\">of<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">ships, estimated u<span class=\"_ _2\"></span>seful lives o<span class=\"_ _2\"></span>f the comp<span class=\"_ _2\"></span>onents of</span></span></span><span class=\"ls60 ws4f\"><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"><span class=\"_ _2\"></span> </span></span></span></td><td class=\"t m0 x290 h98 y2a18 ff5b fs39 fc2 sc0 ls2f ws70\">depreciation expe<span class=\"_ _2\"></span>nse could <span class=\"_ _2\"></span>result. <span class=\"ls1 ws0\"> </span></td></tr><tr><td class=\"t m0 x28e h98 y2a19 ff5b fs39 fc2 sc0 ls2f ws70\">Estimated useful<span class=\"_ _2\"></span> lives are b<span class=\"_ _2\"></span>ased on p<span class=\"_ _2\"></span>ast experience,<span class=\"_ _2\"></span> expected </td><td class=\"t m0 x28f h98 y2a1a ff5b fs39 fc2 sc0 ls2f ws70\">the ships ra<span class=\"_ _2\"></span>nge from an<span class=\"_ _2\"></span> estimated 25 t<span class=\"_ _2\"></span>o 3<span class=\"ls1 ws0\">3 <span class=\"_ _1\"></span><span class=\"ls30 ws50\">y<span class=\"_ _2\"></span>ears.<span class=\"_ _2\"></span> Howe<span class=\"_ _2\"></span>ver,</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"_ _2\"></span> </span></span></td><td class=\"t m0 x290 h98 y2a19 ff5b fs39 fc2 sc0 ls2f ws70\">A decrease i<span class=\"_ _2\"></span>n the useful li<span class=\"_ _2\"></span>fe of <span class=\"_ _2\"></span>the ship, ba<span class=\"_ _2\"></span>rge, terminal o<span class=\"_ _2\"></span>r tank </td></tr><tr><td class=\"t m0 x28e h98 y2a1b ff5b fs39 fc2 sc0 ls30 ws50\">future<span class=\"_ _2\"></span> per<span class=\"_ _2\"></span>form<span class=\"_ _2\"></span>ance <span class=\"_ _2\"></span>and<span class=\"ls1 ws0\"> </span><span class=\"ff5c\">manage<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>\u2019s e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ate of<span class=\"_ _2\"></span> the p<span class=\"_ _2\"></span>eriod</span><span class=\"ff5c\"><span class=\"_ _2\"></span> </span></td><td class=\"t m0 x28f h98 y2a1c ff5b fs39 fc2 sc0 ls30 ws50\">actual<span class=\"_ _2\"></span> live<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> compo<span class=\"_ _2\"></span>nent<span class=\"_ _2\"></span>s o<span class=\"_ _2\"></span>f <span class=\"ws52\">ship<span class=\"_ _2\"></span></span>s or<span class=\"_ _2\"></span> barg<span class=\"_ _2\"></span>es m<span class=\"_ _2\"></span>ay be<span class=\"_ _2\"></span> </td><td class=\"t m0 x290 h98 y2a1b ff5b fs39 fc2 sc0 ls30 ws52\">contai<span class=\"_ _2\"></span>ner <span class=\"ls60 ws4f\">or<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls57 ws86\">fall <span class=\"_ _3\"></span><span class=\"ls2f ws4e\">in<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">t<span class=\"_ _2\"></span>he re<span class=\"_ _2\"></span>sidu<span class=\"_ _2\"></span>al va<span class=\"_ _2\"></span>lue w<span class=\"_ _2\"></span>ould <span class=\"ws52\">h<span class=\"_ _2\"></span>ave<span class=\"ls1 ws0\"> <span class=\"ls2f ws75\">the effect</span></span></span></span></span></span></span></span></span><span class=\"ls60 ws4f\"><span class=\"ls1 ws0\"><span class=\"ls57 ws86\"><span class=\"ls2f ws4e\"><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"ws52\"><span class=\"ls1 ws0\"> </span></span></span></span></span></span></span></span></td></tr><tr><td class=\"t m0 x28e h98 y2a1d ff5b fs39 fc2 sc0 ls2f ws70\">over which<span class=\"ls1 ws0\"> </span>the asset wi<span class=\"_ _2\"></span>ll provide <span class=\"_ _2\"></span>economic benefit.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x28f h98 y2a1e ff5b fs39 fc2 sc0 ls30 ws50\">differe<span class=\"_ _2\"></span>nt d<span class=\"_ _2\"></span>epend<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> on ma<span class=\"_ _2\"></span>ny f<span class=\"_ _2\"></span>actor<span class=\"_ _2\"></span>s suc<span class=\"_ _2\"></span>h as<span class=\"_ _2\"></span> qual<span class=\"_ _2\"></span>ity o<span class=\"_ _2\"></span>f </td><td class=\"t m0 x290 h98 y2a1d ff5b fs39 fc2 sc0 ls4a ws76\">of<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">increasi<span class=\"_ _2\"></span>ng the<span class=\"_ _2\"></span> an<span class=\"_ _2\"></span>nual d<span class=\"_ _2\"></span>epre<span class=\"_ _2\"></span>ciati<span class=\"_ _2\"></span>on c<span class=\"_ _2\"></span>harge<span class=\"_ _2\"></span> and p<span class=\"_ _2\"></span>ote<span class=\"_ _2\"></span>ntial<span class=\"_ _2\"></span>ly</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"> </span></span></td></tr><tr><td></td><td class=\"t m0 x28f h98 y2a1f ff5b fs39 fc2 sc0 ls30 ws50\">maint<span class=\"_ _2\"></span>enance<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> repa<span class=\"_ _2\"></span>ir a<span class=\"_ _2\"></span>nd the<span class=\"_ _2\"></span> ty<span class=\"_ _2\"></span>pe of<span class=\"_ _2\"></span> prod<span class=\"_ _2\"></span>uct c<span class=\"_ _2\"></span>arrie<span class=\"_ _2\"></span>d by<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x290 h98 y2a20 ff5b fs39 fc2 sc0 ls30 ws50\">resulti<span class=\"_ _2\"></span>ng i<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> </span>an imp<span class=\"_ _2\"></span>airme<span class=\"_ _2\"></span>nt l<span class=\"_ _2\"></span>oss.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td></tr><tr><td class=\"t m0 x28e h98 y2a21 ff5b fs39 fc2 sc0 ls30 ws50\">For s<span class=\"_ _2\"></span>hips a<span class=\"_ _2\"></span>nd b<span class=\"_ _2\"></span>arge<span class=\"_ _2\"></span>s, re<span class=\"_ _2\"></span>sidual<span class=\"_ _2\"></span> va<span class=\"_ _2\"></span>lues<span class=\"_ _2\"></span> are e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> based<span class=\"_ _2\"></span> on<span class=\"_ _2\"></span> </td><td class=\"t m0 x28f h98 y2a22 ff5b fs39 fc2 sc0 ls47 ws82\">the s<span class=\"_ _1\"></span>hips or barge<span class=\"_ _1\"></span>s<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws52\">w<span class=\"_ _2\"></span>hich<span class=\"ls1 ws0\"> </span><span class=\"ws50\">may r<span class=\"_ _2\"></span>esul<span class=\"_ _2\"></span>t in <span class=\"_ _2\"></span><span class=\"ls1 ws0\">a <span class=\"_ _1\"></span><span class=\"ls30 ws50\">shor<span class=\"_ _2\"></span>ter o<span class=\"_ _2\"></span>r lo<span class=\"_ _2\"></span>nger</span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ws50\"><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span></span></td><td></td></tr><tr><td class=\"t m0 x28e h98 y2a23 ff5b fs39 fc2 sc0 ls2f ws70\">the steel p<span class=\"_ _2\"></span>rice, the es<span class=\"_ _2\"></span>timated ligh<span class=\"_ _2\"></span>t displacement<span class=\"_ _2\"></span> tonnage of<span class=\"_ _2\"></span> </td><td class=\"t m0 x28f h98 y2a24 ff5b fs39 fc2 sc0 ls2f ws4e\">life. <span class=\"ls30 ws52\">Future<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">useful<span class=\"_ _2\"></span> lives could be<span class=\"_ _2\"></span> reduc<span class=\"ls61 ws89\">ed<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">based<span class=\"_ _2\"></span></span> <span class=\"ls60 ws4f\">on<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">custom<span class=\"_ _2\"></span>er</span></span></span></span></span></span></span></span><span class=\"ls30 ws52\"><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"><span class=\"ls61 ws89\"><span class=\"ls1 ws0\"><span class=\"ls60 ws4f\"><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"> </span></span></span></span></span></span></span></span></td><td class=\"t m0 x290 h98 y2a23 ff5b fs39 fc2 sc0 ls30 ws50\">If the<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">steel price used i<span class=\"_ _2\"></span>n the</span> </span>resid<span class=\"_ _2\"></span>ual v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> <span class=\"ws52\">calc<span class=\"_ _2\"></span>ulati<span class=\"_ _2\"></span>on <span class=\"ls2f ws4e\">is</span></span><span class=\"ws52\"><span class=\"ls2f ws4e\"> </span></span></td></tr><tr><td class=\"t m0 x28e h98 y2a25 ff5b fs39 fc2 sc0 ls30 ws52\">the<span class=\"ls1 ws0\"> </span><span class=\"ws50\">fleet <span class=\"_ _2\"></span>and c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>nt t<span class=\"_ _2\"></span>rends <span class=\"_ _2\"></span>in t<span class=\"_ _2\"></span>he p<span class=\"_ _2\"></span>rice<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>recyc<span class=\"_ _2\"></span>ling o<span class=\"_ _2\"></span>f s<span class=\"_ _2\"></span>hips.<span class=\"_ _2\"></span> For</span><span class=\"ws50\"> </span></td><td class=\"t m0 x28f h98 y2a26 ff5b fs39 fc2 sc0 ls2f ws4e\">preferences,<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">new</span> </span><span class=\"ws75\">technological advances<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _3\"></span><span class=\"ls30 ws4f\">g<span class=\"_ _2\"></span>over<span class=\"_ _2\"></span>nment<span class=\"_ _2\"></span>al and</span></span></span><span class=\"ws75\"><span class=\"ls1 ws0\"><span class=\"ls30 ws4f\"><span class=\"_ _2\"></span> </span></span></span></td><td class=\"t m0 x290 h98 y2a25 ff5b fs39 fc2 sc0 ls53 ws80\">overesti<span class=\"_ _2\"></span>mated<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">by 10%<span class=\"ls30 ws50\">, this<span class=\"_ _2\"></span></span></span> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">wo<span class=\"_ _2\"></span>ul<span class=\"_ _2\"></span>d underst<span class=\"_ _2\"></span>ate<span class=\"ls1 ws0\"> </span><span class=\"ws4f\">the annu<span class=\"_ _2\"></span>al</span></span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ws4f\"> </span></span></span></td></tr><tr><td class=\"t m0 x28e h98 y2a27 ff5b fs39 fc2 sc0 ls30 ws50\">the m<span class=\"_ _2\"></span>ajori<span class=\"_ _2\"></span>ty of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> flee<span class=\"_ _2\"></span>t, the<span class=\"_ _2\"></span> s<span class=\"_ _2\"></span>teel p<span class=\"_ _2\"></span>rice<span class=\"_ _2\"></span> used<span class=\"_ _2\"></span> is <span class=\"_ _2\"></span>the a<span class=\"_ _2\"></span>verage<span class=\"_ _2\"></span> </td><td class=\"t m0 x28f h98 y2a28 ff5b fs39 fc2 sc0 ls30 ws52\">indust<span class=\"_ _2\"></span>ry<span class=\"ls1 ws0\"> </span>regul<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span><span class=\"ws50\">and the<span class=\"_ _2\"></span> <span class=\"ls2f ws4e\">effects<span class=\"ls1 ws0\"> </span></span>of cl<span class=\"_ _2\"></span>imate<span class=\"_ _2\"></span> c<span class=\"_ _2\"></span>hanges<span class=\"ls1 ws0\">.</span></span><span class=\"ws50\"><span class=\"ls1 ws0\"> </span></span></td><td class=\"t m0 x290 h98 y2a27 ff5b fs39 fc2 sc0 ls30 ws4f\">deprec<span class=\"_ _2\"></span>iatio<span class=\"_ _2\"></span>n and<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">o<span class=\"_ _2\"></span>verst<span class=\"_ _2\"></span>ate t<span class=\"_ _2\"></span>he v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he as<span class=\"_ _2\"></span>sets<span class=\"_ _2\"></span> <span class=\"ls4a ws74\">for S<span class=\"_ _2\"></span>TC by</span></span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"ls4a ws74\"><span class=\"_ _2\"></span> </span></span></span></td></tr><tr><td class=\"t m0 x28e h98 y2a29 ff5b fs39 fc2 sc0 ls2f ws4e\">steel<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">price fo<span class=\"_ _2\"></span>r th<span class=\"_ _2\"></span>e last<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>ree ye<span class=\"_ _2\"></span>ars. <span class=\"_ _2\"></span>For s<span class=\"_ _2\"></span>hips<span class=\"_ _2\"></span> </span></span>expected<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls4a ws74\">t<span class=\"_ _2\"></span>o be</span></span><span class=\"ls1 ws0\"><span class=\"ls4a ws74\"> </span></span></td><td class=\"t m0 x28f h98 y2a2a ff5b fs39 fc2 sc0 ls30 ws50\">In the<span class=\"_ _2\"></span> case<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> tank<span class=\"_ _2\"></span> conta<span class=\"_ _2\"></span>ine<span class=\"_ _2\"></span>rs,<span class=\"ls1 ws0\"> <span class=\"ls2f ws75\">the estimated useful life ranges</span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws75\"> </span></span></td><td class=\"t m0 x290 h98 y2a29 ff5b fs39 fc2 sc0 ls2f ws70\">$0.9 million <span class=\"_ _2\"></span>and for Ta<span class=\"_ _2\"></span>nkers by $<span class=\"_ _2\"></span><span class=\"ls31 ws53\">12.5<span class=\"ls1 ws0\"> </span></span><span class=\"ws4e\">million<span class=\"ls1 ws0\">.</span></span><span class=\"ws4e\"><span class=\"ls1 ws0\"> </span></span></td></tr><tr><td class=\"t m0 x28e h98 y2a2b ff5b fs39 fc2 sc0 ls2f ws70\">recycled in t<span class=\"_ _2\"></span>he next t<span class=\"_ _2\"></span>hree years, t<span class=\"_ _2\"></span>he steel price<span class=\"_ _2\"></span> at the p<span class=\"_ _2\"></span>revious </td><td class=\"t m0 x28f h98 y2a2c ff5b fs39 fc2 sc0 ls31 ws51\">between 10 <span class=\"ls30 ws52\">and<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">20 years, dep<span class=\"_ _2\"></span>ending on t<span class=\"_ _2\"></span>he supplier</span> <span class=\"ls4b ws77\">and<span class=\"_ _2\"></span></span> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">t<span class=\"_ _2\"></span>he</span></span></span><span class=\"ls30 ws52\"><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"> </span></span></span></td><td class=\"t m0 x290 h98 y2a2d ff5b fs39 fc2 sc0 ls2f ws70\">If the lives <span class=\"_ _2\"></span>of the deep<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls30 ws4f\">sea ships<span class=\"_ _2\"></span> is</span> </span>overestimated by 10<span class=\"_ _2\"></span>%, this </td></tr><tr><td class=\"t m0 x28e h98 y2a2e ff5b fs39 fc2 sc0 ls30 ws52\">year<span class=\"ls1 ws0\">-</span>end<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">date is u<span class=\"_ _2\"></span>sed.</span></span><span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x28f h98 y2a2f ff5b fs39 fc2 sc0 ls30 ws4f\">qualit<span class=\"_ _2\"></span>y of<span class=\"ls1 ws0\"> <span class=\"ls2f ws75\">steel used. </span></span><span class=\"ws50\">Term<span class=\"_ _2\"></span>inals<span class=\"_ _2\"></span> tanks<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> struc<span class=\"_ _2\"></span>tu<span class=\"_ _2\"></span>res h<span class=\"_ _2\"></span>ave li<span class=\"_ _2\"></span>ves</span><span class=\"ws50\"><span class=\"_ _2\"></span> </span></td><td class=\"t m0 x290 h98 y2a30 ff5b fs39 fc2 sc0 ls30 ws50\">would <span class=\"_ _2\"></span>under<span class=\"_ _2\"></span>state<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> annu<span class=\"_ _2\"></span>al d<span class=\"_ _2\"></span>epreci<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n and<span class=\"_ _2\"></span> over<span class=\"_ _2\"></span>state<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> </td></tr><tr><td class=\"t m0 x28e h98 y2a31 ff5b fs39 fc2 sc0 ls2f ws70\">The evaluation <span class=\"_ _2\"></span>of residual <span class=\"_ _2\"></span>values and e<span class=\"_ _2\"></span>stimated useful<span class=\"_ _2\"></span> lives fo<span class=\"_ _2\"></span>r </td><td class=\"t m0 x28f h98 y2a32 ff5b fs39 fc2 sc0 ls30 ws50\">up to 4<span class=\"_ _2\"></span>0 y<span class=\"_ _2\"></span>ears.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x290 h98 y2a31 ff5b fs39 fc2 sc0 ls30 ws50\">value <span class=\"_ _2\"></span>of the<span class=\"_ _2\"></span> as<span class=\"_ _2\"></span>sets <span class=\"_ _2\"></span>for T<span class=\"_ _2\"></span>anke<span class=\"_ _2\"></span>rs b<span class=\"_ _2\"></span>y $1<span class=\"_ _2\"></span>2.4 m<span class=\"_ _2\"></span>illi<span class=\"_ _2\"></span>on.<span class=\"ls1 ws0\"> </span></td></tr><tr><td class=\"t m0 x28e h98 y2a33 ff5b fs39 fc2 sc0 ls30 ws50\">tank co<span class=\"_ _2\"></span>ntai<span class=\"_ _2\"></span>ner<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">is based on the<span class=\"_ _2\"></span> steel price<span class=\"_ _2\"></span> of <span class=\"ws4e\">diffe<span class=\"_ _2\"></span>rent</span></span> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">g<span class=\"_ _2\"></span>rade<span class=\"_ _2\"></span>s</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"> </span></span></td><td class=\"t m0 x28f h98 y2a34 ff5b fs39 fc2 sc0 ls2f ws70\">Residual values<span class=\"_ _2\"></span> are diffic<span class=\"_ _2\"></span>ult to es<span class=\"_ _2\"></span>timate given<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">t<span class=\"_ _2\"></span>he long lives <span class=\"_ _2\"></span>of</span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"> </span></span></td><td class=\"t m0 x290 h98 y2a35 ff5b fs39 fc2 sc0 ls2f ws70\">See Note 14 fo<span class=\"_ _2\"></span>r further<span class=\"_ _2\"></span> details.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td></tr><tr><td class=\"t m0 x28e h98 y2a36 ff5b fs39 fc2 sc0 ls4a ws76\">of<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">steel.</span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws4e\"> </span> </span></td><td class=\"t m0 x28f h98 y2a37 ff5b fs39 fc2 sc0 ls30 ws50\">ships<span class=\"_ _2\"></span>, barge<span class=\"_ _2\"></span>s, t<span class=\"_ _2\"></span>ermi<span class=\"_ _2\"></span>nal<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span>and tank<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws4f\">containe<span class=\"_ _2\"></span>rs, the<span class=\"_ _2\"></span> unce<span class=\"_ _2\"></span>rtain<span class=\"_ _2\"></span>ty as</span><span class=\"ws4f\"> </span></td><td></td></tr><tr><td class=\"t m0 x28e h98 y2a38 ff5b fs39 fc2 sc0 ls30 ws50\">In the<span class=\"_ _2\"></span> case<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> term<span class=\"_ _2\"></span>inals<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> li<span class=\"_ _2\"></span>ves of<span class=\"_ _2\"></span> term<span class=\"_ _2\"></span>inals<span class=\"_ _2\"></span> ca<span class=\"_ _2\"></span>n rang<span class=\"_ _2\"></span>e up<span class=\"_ _2\"></span> to </td><td class=\"t m0 x28f h98 y2a39 ff5b fs39 fc2 sc0 ls53 ws80\">to<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">future economic</span> <span class=\"ls30 ws4f\">condit<span class=\"_ _2\"></span>ions<span class=\"_ _2\"></span> and the<span class=\"_ _2\"></span></span> <span class=\"ls30 ws52\">price <span class=\"ls4a ws76\">of</span></span> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">s<span class=\"_ _2\"></span>teel, which is</span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"><span class=\"_ _2\"></span> </span></span></td><td></td></tr><tr><td class=\"t m0 x28e h98 y2a3a ff5b fs39 fc2 sc0 ls30 ws50\">40 ye<span class=\"_ _2\"></span>ars and<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he pri<span class=\"_ _2\"></span>ces <span class=\"ls60 ws4f\">of<span class=\"ls1 ws0\"> </span></span>steel<span class=\"_ _2\"></span> and co<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ucti<span class=\"_ _2\"></span>on cos<span class=\"_ _2\"></span>ts c<span class=\"_ _2\"></span>an va<span class=\"_ _2\"></span>ry </td><td class=\"t m0 x28f h98 y2a3b ff5b fs39 fc2 sc0 ls30 ws50\">conside<span class=\"_ _2\"></span>red<span class=\"_ _2\"></span> as t<span class=\"_ _2\"></span>he m<span class=\"_ _2\"></span>ain de<span class=\"_ _2\"></span>termi<span class=\"_ _2\"></span>nant<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">the <span class=\"_ _2\"></span>residual p<span class=\"_ _2\"></span>rice.</span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"> <span class=\"ls1 ws0\"> </span></span></span></td><td></td></tr><tr><td class=\"c x291 y2a3f w12a h107\"><div class=\"t m0 x245 h98 y2a3c ff5b fs39 fc2 sc0 ls30 ws50\">across<span class=\"_ _2\"></span> diff<span class=\"_ _2\"></span>eren<span class=\"_ _2\"></span>t term<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>ls. I<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>here is<span class=\"_ _2\"></span> a m<span class=\"_ _2\"></span>ateri<span class=\"_ _2\"></span>al c<span class=\"_ _2\"></span>hange<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">in the<span class=\"_ _195\"> </span></span></span></div><div class=\"t m0 x245 h98 y2a3d ff5b fs39 fc2 sc0 ls2f ws75\">estimated life of the terminal or <span class=\"ls30 ws52\">pric<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> </span></span><span class=\"ws70\">of steel, then t<span class=\"_ _2\"></span>he<span class=\"_ _195\"> </span></span></div><div class=\"t m0 x245 h98 y2a3e ff5b fs39 fc2 sc0 ls2f ws70\">estimates are <span class=\"_ _2\"></span>revised.<span class=\"_ _195\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x291 y2a40 w12b h108\"><div class=\"t m0 x245 h98 y2a3d ff5b fs39 fc2 sc0 ls30 ws50\">Both e<span class=\"_ _2\"></span>stima<span class=\"_ _2\"></span>ted<span class=\"_ _2\"></span> useful<span class=\"_ _2\"></span> li<span class=\"_ _2\"></span>ves a<span class=\"_ _2\"></span>nd t<span class=\"_ _2\"></span>he re<span class=\"_ _2\"></span>sid<span class=\"_ _2\"></span>ual v<span class=\"_ _2\"></span>alues<span class=\"_ _2\"></span> are<span class=\"_ _195\"> </span></div><div class=\"t m0 x245 h98 y2a3e ff5b fs39 fc2 sc0 ls30 ws50\">evalua<span class=\"_ _2\"></span>ted <span class=\"_ _2\"></span>annual<span class=\"_ _2\"></span>ly, <span class=\"_ _2\"></span>and t<span class=\"_ _2\"></span>he e<span class=\"_ _2\"></span>ffec<span class=\"_ _2\"></span>t of<span class=\"ls1 ws0\"> </span>any<span class=\"_ _2\"></span> change<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> consi<span class=\"_ _2\"></span>dere<span class=\"_ _2\"></span>d<span class=\"_ _195\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x291 y2a41 w12c h108\"><div class=\"t m0 x245 h98 y2a3d ff5b fs39 fc2 sc0 ls30 ws4f\">as a revi<span class=\"_ _2\"></span>sion<span class=\"_ _2\"></span> of<span class=\"ls1 ws0\"> </span><span class=\"ws50\">accounti<span class=\"_ _2\"></span>ng e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ates, <span class=\"_ _2\"></span>and t<span class=\"_ _2\"></span>he <span class=\"ls2f ws4e\">effec<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\"> <span class=\"ls48 ws72\">is<span class=\"_ _195\"> </span></span></span></span></span></div><div class=\"t m0 x245 h98 y2a3e ff5b fs39 fc2 sc0 ls2f ws4e\">reflected<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">in the<span class=\"_ _2\"></span> fut<span class=\"_ _2\"></span>ure de<span class=\"_ _2\"></span>prec<span class=\"_ _2\"></span>iati<span class=\"_ _2\"></span>on c<span class=\"_ _2\"></span>harge.<span class=\"_ _195\"> </span></span></span></div></td><td></td><td></td></tr></table></div><div class=\"gs8f\"><table class=\"s w12d h109\" id=\"_b417bcab-2193-4aa5-9b56-5d2a1751e05d\"><tr><td class=\"c x286 y2a42 w4d hae\"><div class=\"t m0 x1a6 ha9 y1d8f ff60 fs3a fcb sc0 ls1f ws90\">Critic<span class=\"_ _2\"></span>al account<span class=\"_ _2\"></span>ing <span class=\"ls2c ws91\">e<span class=\"_ _2\"></span>stimate</span><span class=\"ls2c ws91\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x287 y2a42 w4e hae\"><div class=\"t m0 x1a6 ha9 y1d8f ff60 fs3a fcb sc0 ls27 ws5b\">Source<span class=\"_ _2\"></span>s of <span class=\"_ _2\"></span><span class=\"ls20 ws5a\">account<span class=\"_ _2\"></span>ing ju<span class=\"_ _2\"></span>dgement o<span class=\"_ _2\"></span>r <span class=\"ls1f ws90\">estim<span class=\"_ _2\"></span>ation u<span class=\"_ _2\"></span>ncerta<span class=\"_ _2\"></span>inty</span></span><span class=\"ls20 ws5a\"><span class=\"ls1f ws90\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td></td><td class=\"c x288 y2a42 w4f hae\"><div class=\"t m0 x1a6 ha9 y1d8f ff60 fs3a fcb sc0 ls1f ws90\">Effect if<span class=\"_ _2\"></span> actu<span class=\"_ _2\"></span>al re<span class=\"_ _2\"></span>sults dif<span class=\"_ _2\"></span>fer fro<span class=\"_ _2\"></span>m <span class=\"_ _2\"></span>assumptio<span class=\"_ _2\"></span>ns<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"t m0 x289 ha6 y2a43 ff5f fs3c fcb sc0 ls1 ws0\">I<span class=\"_ _1\"></span><span class=\"ls56 ws85\">mpa<span class=\"_ _2\"></span>irmen<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\"> <span class=\"ls62 ws88\">rev<span class=\"_ _1\"></span>iew</span></span></span><span class=\"ls56 ws85\"><span class=\"ls1 ws0\"><span class=\"ls62 ws88\"><span class=\"ls1 ws0\"> </span></span></span></span></td><td></td><td></td><td></td></tr><tr><td class=\"c x286 y2a44 w4d hb0\"><div class=\"t m0 x1a6 h98 y1dc6 ff61 fs39 fc2 sc0 ls2f ws70\">As of Novem<span class=\"_ _2\"></span>ber 30, 20<span class=\"_ _2\"></span><span class=\"ws75\">25, the Group reviewed possible</span><span class=\"ws75\"> </span></div></td><td class=\"c x287 y2a44 w4e hb0\"><div class=\"t m0 x1a6 h98 y1dc6 ff61 fs39 fc2 sc0 ls30 ws50\">Based<span class=\"_ _2\"></span> on m<span class=\"_ _2\"></span>anage<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> judgem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> and p<span class=\"_ _2\"></span>ast<span class=\"_ _2\"></span> expe<span class=\"_ _2\"></span>rience<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> </div></td><td></td><td class=\"c x288 y2a44 w50 hb0\"><div class=\"t m0 x1a6 h98 y1dc6 ff61 fs39 fc2 sc0 ls30 ws50\">If the<span class=\"_ _2\"></span> <span class=\"ws52\">ass<span class=\"_ _2\"></span>umpt<span class=\"_ _2\"></span>ions<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">applied in<span class=\"_ _2\"></span> determining <span class=\"_ _2\"></span>the recoverable</span></span></span><span class=\"ws52\"><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"> </span></span></span></div></td></tr><tr><td class=\"t m0 x289 h98 y2a45 ff61 fs39 fc2 sc0 ls2f ws70\">impairment t<span class=\"_ _2\"></span>riggers<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws52\">noti<span class=\"_ _2\"></span>ng<span class=\"ls1 ws0\"> </span>that<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>he <span class=\"ls57 ws86\">e<span class=\"_ _1\"></span>quity<span class=\"_ _1\"></span> <span class=\"ls30 ws4f\">of the<span class=\"ls1 ws0\"> </span><span class=\"ws50\">Group<span class=\"_ _2\"></span> was</span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ls57 ws86\"><span class=\"ls30 ws4f\"><span class=\"ws50\"><span class=\"_ _2\"></span> </span></span></span></span></span></td><td class=\"t m0 x28a h98 y2a45 ff61 fs39 fc2 sc0 ls2f ws4e\">following <span class=\"ls30 ws52\">material<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws50\">assump<span class=\"_ _2\"></span>tions<span class=\"_ _2\"></span> we<span class=\"_ _2\"></span>re used<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> VIU</span></span><span class=\"ls30 ws52\"><span class=\"ws50\"><span class=\"_ _2\"></span> </span></span></td><td></td><td class=\"t m0 x28b h98 y2a45 ff61 fs39 fc2 sc0 ls30 ws52\">amount<span class=\"_ _2\"></span> <span class=\"ws50\">of the <span class=\"_ _2\"></span>assets<span class=\"_ _2\"></span> </span>are<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws50\">incorre<span class=\"_ _2\"></span>ct o<span class=\"_ _2\"></span>r the<span class=\"_ _2\"></span> fact<span class=\"_ _2\"></span> pa<span class=\"_ _2\"></span>ttern<span class=\"_ _2\"></span> on w<span class=\"_ _2\"></span>hich</span><span class=\"ws50\"><span class=\"_ _2\"></span> </span></td></tr><tr><td class=\"t m0 x289 h98 y2a46 ff61 fs39 fc2 sc0 ls30 ws50\">more <span class=\"_ _2\"></span>than i<span class=\"_ _2\"></span>ts m<span class=\"_ _2\"></span>arke<span class=\"_ _2\"></span>t cap<span class=\"_ _2\"></span>italis<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on.<span class=\"_ _2\"></span> In <span class=\"_ _2\"></span>accord<span class=\"_ _2\"></span>ance w<span class=\"_ _2\"></span>ith<span class=\"_ _2\"></span> IAS 36<span class=\"_ _2\"></span>, </td><td class=\"t m0 x28a h98 y2a46 ff61 fs39 fc2 sc0 ls30 ws52\">calcul<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span>s:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td></td><td class=\"t m0 x28b h98 y2a46 ff61 fs39 fc2 sc0 ls30 ws50\">they a<span class=\"_ _2\"></span>re<span class=\"ls1 ws0\"> </span>based<span class=\"_ _2\"></span> chang<span class=\"_ _2\"></span>es,<span class=\"_ _2\"></span> this<span class=\"_ _2\"></span> cou<span class=\"_ _2\"></span>ld re<span class=\"_ _2\"></span>sult <span class=\"_ _2\"></span>in i<span class=\"_ _2\"></span>mpai<span class=\"_ _2\"></span>rmen<span class=\"_ _2\"></span>ts be<span class=\"_ _2\"></span>ing </td></tr><tr><td class=\"t m0 x289 h98 y2a47 ff61 fs39 fc2 sc0 ls2f ws70\">Impairment of<span class=\"_ _2\"></span> Assets, t<span class=\"_ _2\"></span>his is a t<span class=\"_ _2\"></span>rigger<span class=\"ls1 ws0\"> <span class=\"ls53 ws7d\">to review<span class=\"_ _2\"></span></span> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">f<span class=\"_ _2\"></span>or im<span class=\"_ _2\"></span>pairm<span class=\"_ _2\"></span>ent<span class=\"ls50 ws7d\">.</span></span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"ls50 ws7d\"> </span></span></span></td><td class=\"c n x292 y2a49 w12e h103\"><div class=\"t m0 x245 h98 y2a48 ff63 fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2a4b w12f h10a\"><div class=\"t m0 x245 h98 y2a4a ff61 fs39 fc2 sc0 ls30 ws50\">For Tanke<span class=\"_ _2\"></span>rs, <span class=\"_ _2\"></span>assum<span class=\"_ _2\"></span>pti<span class=\"_ _2\"></span>ons<span class=\"ls1 ws0\"> <span class=\"ls4a ws76\">of</span> <span class=\"ls2f ws70\">time charter eq<span class=\"_ _2\"></span>uivalent </span>(<span class=\"ls2f ws4e\">TCE</span>)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x28b h98 y2a47 ff61 fs39 fc2 sc0 ls2f ws75\">reflected in the Consolidated Fin<span class=\"_ _2\"></span>ancial Statements.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td></tr><tr><td class=\"t m0 x289 h98 y2a4c ff61 fs39 fc2 sc0 ls30 ws50\">As suc<span class=\"_ _2\"></span>h,<span class=\"ls1 ws0\"> </span><span class=\"ws52\">the<span class=\"ls1 ws0\"> </span></span>Group<span class=\"_ _2\"></span> has<span class=\"_ _2\"></span> perf<span class=\"_ _2\"></span>orme<span class=\"_ _2\"></span>d an <span class=\"_ _2\"></span>assessm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> to d<span class=\"_ _2\"></span>eterm<span class=\"_ _2\"></span>ine </td><td class=\"t m0 x294 h98 y2a4d ff61 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">per ope<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ng d<span class=\"_ _2\"></span>ay<span class=\"ls1 ws0\"> (<span class=\"_ _1\"></span><span class=\"ls30 ws50\">a<span class=\"_ _2\"></span> prof<span class=\"_ _2\"></span>it me<span class=\"_ _2\"></span>asure<span class=\"_ _2\"></span> of op<span class=\"_ _2\"></span>era<span class=\"_ _2\"></span>ting r<span class=\"_ _2\"></span>eve<span class=\"_ _2\"></span>nue le<span class=\"_ _2\"></span>ss</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"> </span></span></td><td class=\"t m0 x28b h98 y2a4e ff61 fs39 fc2 sc0 ls30 ws50\">Based<span class=\"_ _2\"></span> on im<span class=\"_ _2\"></span>pairm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> work<span class=\"_ _2\"></span> pe<span class=\"_ _2\"></span>rforme<span class=\"_ _2\"></span>d,<span class=\"ls1 ws0\"> <span class=\"ls4a ws76\">no <span class=\"_ _1\"></span><span class=\"ls2f ws70\">pl<span class=\"_ _2\"></span>ausible movemen<span class=\"_ _2\"></span>t</span></span></span><span class=\"ls1 ws0\"><span class=\"ls4a ws76\"><span class=\"ls2f ws70\"> </span></span></span></td></tr><tr><td class=\"t m0 x289 h98 y2a4f ff61 fs39 fc2 sc0 ls30 ws50\">its re<span class=\"_ _2\"></span>cover<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span> amo<span class=\"_ _2\"></span>unt.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws4f\">In<span class=\"_ _2\"></span> additi<span class=\"_ _2\"></span>on, in Te<span class=\"_ _2\"></span>rmi<span class=\"_ _2\"></span>nals, t<span class=\"_ _2\"></span>he Austr<span class=\"_ _2\"></span>alia</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws4f\"> </span></span></td><td class=\"t m0 x294 h98 y2a50 ff61 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">variabl<span class=\"_ _2\"></span>e v<span class=\"_ _2\"></span>oyage<span class=\"_ _2\"></span> expe<span class=\"_ _2\"></span>nses<span class=\"ls1 ws0\">, </span>includi<span class=\"_ _2\"></span>ng b<span class=\"_ _2\"></span>unker c<span class=\"_ _2\"></span>os<span class=\"_ _2\"></span>ts<span class=\"ls1 ws0\">) <span class=\"_ _1\"></span><span class=\"ls2f ws70\">on exist<span class=\"_ _2\"></span>ing</span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"> </span></span></td><td class=\"t m0 x28b h98 y2a51 ff61 fs39 fc2 sc0 ls2f ws70\">of material a<span class=\"_ _2\"></span>ssumptions would<span class=\"_ _2\"></span> lead to<span class=\"_ _2\"></span> <span class=\"ls30 ws52\">imp<span class=\"_ _2\"></span>airme<span class=\"_ _2\"></span>nt <span class=\"ws50\">for Ta<span class=\"_ _2\"></span>nkers</span></span><span class=\"ls30 ws52\"><span class=\"ws50\"><span class=\"_ _2\"></span> </span></span></td></tr><tr><td class=\"t m0 x289 h98 y2a52 ff61 fs39 fc2 sc0 ls30 ws52\">termi<span class=\"_ _2\"></span>nal <span class=\"ls48 ws72\">cash<span class=\"ls1 ws0\">-</span></span>generat<span class=\"_ _2\"></span>ing unit<span class=\"_ _2\"></span><span class=\"ff62 ls49 ws78\">\u2019s</span><span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">(CGU<span class=\"_ _2\"></span>)</span> </span>results<span class=\"_ _2\"></span> <span class=\"ls2f ws70\">remained lower<span class=\"ls1 ws0\"> </span></span></td><td class=\"t m0 x294 h98 y2a53 ff61 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">and fu<span class=\"_ _2\"></span>ture<span class=\"_ _2\"></span> con<span class=\"_ _2\"></span>tract<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>spo<span class=\"_ _2\"></span>t mark<span class=\"_ _2\"></span>et<span class=\"ls59 ws95\">, </span>duri<span class=\"_ _2\"></span>ng the<span class=\"_ _2\"></span> pro<span class=\"_ _2\"></span>ject </td><td class=\"t m0 x28b h98 y2a54 ff61 fs39 fc2 sc0 ls30 ws4f\">and Ave<span class=\"_ _2\"></span>nir (usi<span class=\"_ _2\"></span>ng FVL<span class=\"_ _2\"></span>CTS)<span class=\"_ _2\"></span> or STC o<span class=\"_ _2\"></span>r SSF (using<span class=\"_ _2\"></span> VI<span class=\"_ _2\"></span>U). For the<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td></tr><tr><td class=\"c x246 y2a56 w130 h10b\"><div class=\"t m0 x245 h98 y2a55 ff61 fs39 fc2 sc0 ls47 ws71\">than <span class=\"_ _3\"></span><span class=\"ff62 ls30 ws52\">m<span class=\"_ _2\"></span>anagem<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span>\u2019<span class=\"ff61 ls1 ws0\"> </span><span class=\"ff61\">projec<span class=\"_ _2\"></span>tions<span class=\"_ _2\"></span><span class=\"ls2f ws70\">, which<span class=\"_ _2\"></span> is also a<span class=\"_ _2\"></span> trigger fo<span class=\"_ _2\"></span>r<span class=\"_ _195\"> </span></span></span></span></div><div class=\"t m0 x245 h98 y2a4a ff61 fs39 fc2 sc0 ls30 ws52\">that<span class=\"ls1 ws0\"> <span class=\"ls4f ws7c\">CGU</span>.<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x294 h98 y2a57 ff61 fs39 fc2 sc0 ls2f ws70\" colspan=\"2\">period from 202<span class=\"_ _2\"></span><span class=\"ls1 ws0\">6 <span class=\"_ _1\"></span><span class=\"ls53 ws32\">to 2<span class=\"_ _2\"></span>0<span class=\"ls31 ws53\">30<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">for the deep</span>-<span class=\"ls2f ws70\">sea fleet (ad<span class=\"_ _2\"></span>justed for</span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls53 ws32\"><span class=\"ls31 ws53\"><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"> </span></span></span></span></span></td><td class=\"t m0 x28b h98 y2a58 ff61 fs39 fc2 sc0 ls1 ws0\">T<span class=\"ls30 ws52\">erminal<span class=\"ls2f ws70\">s<span class=\"_ _2\"></span>, though, limi<span class=\"_ _2\"></span>ted headroom wa<span class=\"_ _2\"></span>s identified<span class=\"_ _2\"></span> at the</span></span><span class=\"ls30 ws52\"><span class=\"ls2f ws70\"> </span></span></td></tr><tr><td></td><td class=\"t m0 x294 h98 y2a59 ff61 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">capacit<span class=\"_ _2\"></span>y ch<span class=\"_ _2\"></span>ange<span class=\"_ _2\"></span>s) i<span class=\"_ _2\"></span>s an a<span class=\"_ _2\"></span>verag<span class=\"_ _2\"></span>e <span class=\"ls2f ws4e\">in</span>cre<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span> of <span class=\"ls48 ws72\">1.2<span class=\"_ _2\"></span>%<span class=\"ls1 ws0\"> <span class=\"ls4b ws77\">and</span> <span class=\"ls2f ws75\">for the</span></span></span><span class=\"ls48 ws72\"><span class=\"ls1 ws0\"><span class=\"ls2f ws75\"> </span></span></span></td><td class=\"t m0 x28b h98 y2a5a ff61 fs39 fc2 sc0 ls30 ws50\">Austr<span class=\"_ _2\"></span>alia te<span class=\"_ _2\"></span>rmi<span class=\"_ _2\"></span>nal C<span class=\"_ _2\"></span>GU.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td></tr><tr><td class=\"t m0 x289 h98 y2a5b ff61 fs39 fc2 sc0 ls30 ws4f\">To asse<span class=\"_ _2\"></span>ss imp<span class=\"_ _2\"></span>airme<span class=\"_ _2\"></span>nt, <span class=\"ws52\">man<span class=\"_ _2\"></span>agem<span class=\"_ _2\"></span>ent<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">used projectio<span class=\"_ _2\"></span>ns in the</span></span></span><span class=\"ws52\"><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"> </span></span></span></td><td class=\"t m0 x294 h98 y2a5c ff61 fs39 fc2 sc0 ls1 ws0\" colspan=\"2\">r<span class=\"_ _1\"></span><span class=\"ls2f ws70\">egio<span class=\"_ _2\"></span>nal fleets is<span class=\"_ _2\"></span> <span class=\"ls48 ws72\">0.8%. <span class=\"ls61 ws96\">In addition<span class=\"ls59 ws95\">, </span></span></span>it is ass<span class=\"_ _2\"></span>umed that <span class=\"ls1 ws0\">t</span><span class=\"ws4e\">he</span></span><span class=\"ls2f ws70\"><span class=\"ws4e\"> </span></span></td><td class=\"t m0 x28b h98 y2a5d ff61 fs39 fc2 sc0 ls30 ws50\">For t<span class=\"_ _2\"></span>he Au<span class=\"_ _2\"></span>strali<span class=\"_ _2\"></span>a te<span class=\"_ _2\"></span>rmin<span class=\"_ _2\"></span>al C<span class=\"_ _2\"></span>GU, a<span class=\"_ _2\"></span> perma<span class=\"_ _2\"></span>nent<span class=\"_ _2\"></span> red<span class=\"_ _2\"></span>uction<span class=\"_ _2\"></span> in g<span class=\"_ _2\"></span>ros<span class=\"_ _2\"></span>s </td></tr><tr><td class=\"t m0 x289 h98 y2a5e ff61 fs39 fc2 sc0 ls30 ws50\">appro<span class=\"_ _2\"></span>ved b<span class=\"_ _2\"></span>udget<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>five<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">ye<span class=\"_ _2\"></span>ar p<span class=\"_ _2\"></span>lan<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>a long<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span>term g<span class=\"_ _2\"></span>rowth<span class=\"_ _2\"></span> rate</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"_ _2\"></span> </span></span></td><td class=\"t m0 x294 h98 y2a5f ff61 fs39 fc2 sc0 ls2f ws70\" colspan=\"2\">percentage of COA<span class=\"_ _2\"></span> to sp<span class=\"_ _2\"></span>ot <span class=\"ls53 ws80\">volu<span class=\"_ _2\"></span>me <span class=\"ls30 ws50\">does n<span class=\"_ _2\"></span>ot ch<span class=\"_ _2\"></span>ange</span></span><span class=\"ls53 ws80\"><span class=\"ls30 ws50\"><span class=\"_ _2\"></span> </span></span></td><td class=\"t m0 x28b h98 y2a60 ff61 fs39 fc2 sc0 ls30 ws50\">margi<span class=\"_ _2\"></span>n gre<span class=\"_ _2\"></span>ater<span class=\"_ _2\"></span> than 4<span class=\"_ _2\"></span>.0%<span class=\"_ _2\"></span> woul<span class=\"_ _2\"></span>d resu<span class=\"_ _2\"></span>lt i<span class=\"_ _2\"></span>n an<span class=\"_ _2\"></span> imp<span class=\"_ _2\"></span>airme<span class=\"_ _2\"></span>nt o<span class=\"_ _2\"></span>f the<span class=\"_ _2\"></span> </td></tr><tr><td class=\"t m0 x289 h98 y2a61 ff61 fs39 fc2 sc0 ls30 ws50\">after <span class=\"_ _2\"></span>the f<span class=\"_ _2\"></span>ive<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">year plan period</span> </span>as the<span class=\"_ _2\"></span> basi<span class=\"_ _2\"></span>s f<span class=\"_ _2\"></span>or the<span class=\"_ _2\"></span> cas<span class=\"_ _2\"></span>h fl<span class=\"_ _2\"></span>ows </td><td class=\"t m0 x294 h98 y2a62 ff61 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">mater<span class=\"_ _2\"></span>ially<span class=\"_ _2\"></span> from<span class=\"_ _2\"></span> cur<span class=\"_ _2\"></span>rent<span class=\"_ _2\"></span> proje<span class=\"_ _2\"></span>ctio<span class=\"_ _2\"></span>ns and<span class=\"_ _2\"></span> COA<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>ts a<span class=\"_ _2\"></span>re </td><td class=\"t m0 x28b h98 y2a63 ff61 fs39 fc2 sc0 ls30 ws4f\">Austr<span class=\"_ _2\"></span>alian te<span class=\"_ _2\"></span>rmi<span class=\"_ _2\"></span>nals.<span class=\"_ _2\"></span> <span class=\"ls2f ws4e\">Alternately, <span class=\"ls1 ws0\">a<span class=\"_ _1\"></span> <span class=\"ls30 ws50\">perman<span class=\"_ _2\"></span>ent <span class=\"_ _2\"></span>reduc<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n in</span></span></span><span class=\"ls2f ws4e\"><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"> </span></span></span></td></tr><tr><td class=\"t m0 x289 h98 y2a64 ff61 fs39 fc2 sc0 ls30 ws50\">used<span class=\"_ _2\"></span> to calc<span class=\"_ _2\"></span>ul<span class=\"_ _2\"></span>ate t<span class=\"_ _2\"></span>he val<span class=\"_ _2\"></span>ue<span class=\"_ _2\"></span> in u<span class=\"_ _2\"></span>se (<span class=\"ls48 ws72\">V<span class=\"_ _2\"></span>IU<span class=\"ls1 ws0\">).<span class=\"_ _1\"></span> </span></span></td><td class=\"t m0 x294 h98 y2a65 ff61 fs39 fc2 sc0 ls2f ws70\" colspan=\"2\">renegotiated s<span class=\"_ _2\"></span>uccessfully. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x28b h98 y2a66 ff61 fs39 fc2 sc0 ls2f ws70\">utilisation g<span class=\"_ _2\"></span>reate<span class=\"ls47 ws82\">r than <span class=\"ls31 ws53\">4.0%<span class=\"ls30 ws50\">% would<span class=\"_ _2\"></span> re<span class=\"_ _2\"></span>sult<span class=\"ls1 ws0\"> </span>in a<span class=\"_ _2\"></span>n impa<span class=\"_ _2\"></span>irme<span class=\"_ _2\"></span>nt of</span></span></span><span class=\"ls47 ws82\"><span class=\"ls31 ws53\"><span class=\"ls30 ws50\"><span class=\"_ _2\"></span> </span></span></span></td></tr><tr><td class=\"t m0 x289 h98 y2a67 ff61 fs39 fc2 sc0 ls30 ws4f\">Calcul<span class=\"_ _2\"></span>ating<span class=\"_ _2\"></span> the net<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws50\">present <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> the f<span class=\"_ _2\"></span>utur<span class=\"_ _2\"></span>e c<span class=\"_ _2\"></span>ash fl<span class=\"_ _2\"></span>ows</span><span class=\"ws50\"> </span></td><td class=\"c n x292 y2a68 w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff63 fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2a69 w131 h10d\"><div class=\"t m0 x245 h98 y2a4a ff61 fs39 fc2 sc0 ls30 ws50\">For Term<span class=\"_ _2\"></span>inals<span class=\"_ _2\"></span>, <span class=\"ws4f\">as<span class=\"_ _2\"></span>sumpti<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span> on utili<span class=\"_ _2\"></span>sati<span class=\"_ _2\"></span>on and<span class=\"_ _2\"></span> <span class=\"ls47 ws71\">marg<span class=\"_ _1\"></span>ins<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">we<span class=\"_ _2\"></span>re<span class=\"_ _195\"> </span></span></span></span></span></div></td><td class=\"t m0 x28b h98 y2a6a ff61 fs39 fc2 sc0 ls30 ws50\">the Au<span class=\"_ _2\"></span>strali<span class=\"_ _2\"></span>an t<span class=\"_ _2\"></span>ermi<span class=\"_ _2\"></span>nals<span class=\"_ _2\"></span>. A<span class=\"ls1 ws0\"> <span class=\"ls48 ws72\">1.0%</span> </span>incre<span class=\"_ _2\"></span>ase i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he WACC<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span> </td></tr><tr><td class=\"t m0 x289 h98 y2a6b ff61 fs39 fc2 sc0 ls30 ws52\">require<span class=\"_ _2\"></span>s <span class=\"ls53 ws80\">estima<span class=\"_ _2\"></span>te</span><span class=\"ws50\">s to<span class=\"_ _2\"></span> be<span class=\"_ _2\"></span> made<span class=\"_ _2\"></span> in re<span class=\"_ _2\"></span>spec<span class=\"_ _2\"></span>t of<span class=\"_ _2\"></span> hig<span class=\"_ _2\"></span>hly unc<span class=\"_ _2\"></span>ert<span class=\"_ _2\"></span>ain</span><span class=\"ws50\"> </span></td><td class=\"t m0 x294 h98 y2a6c ff61 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">based <span class=\"_ _2\"></span>on cu<span class=\"_ _2\"></span>rren<span class=\"_ _2\"></span>t co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>ts, p<span class=\"_ _2\"></span>ast<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>erienc<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> </span>and tre<span class=\"_ _2\"></span>nds<span class=\"_ _2\"></span> in </td><td class=\"t m0 x28b h98 y2a6d ff61 fs39 fc2 sc0 ls30 ws50\">would <span class=\"_ _2\"></span>resul<span class=\"_ _2\"></span>t i<span class=\"_ _2\"></span>n a $17<span class=\"_ _2\"></span>.0 m<span class=\"_ _2\"></span>illi<span class=\"_ _2\"></span>on im<span class=\"_ _2\"></span>pai<span class=\"_ _2\"></span>rment.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td></tr><tr><td class=\"t m0 x289 h98 y2a6e ff61 fs39 fc2 sc0 ls30 ws4f\">matte<span class=\"_ _2\"></span>rs, incl<span class=\"_ _2\"></span>uding<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ff62 ws50\">manageme<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span>\u2019s exp<span class=\"_ _2\"></span>ectat<span class=\"_ _2\"></span>ions<span class=\"_ _2\"></span> of</span><span class=\"ls1 ws0\"> f</span><span class=\"ws52\">uture</span><span class=\"ws52\"> </span></td><td class=\"t m0 x294 h98 y2a6f ff61 fs39 fc2 sc0 ls30 ws52\" colspan=\"2\">indust<span class=\"_ _2\"></span>rial<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>pr<span class=\"_ _2\"></span>oduc<span class=\"_ _2\"></span>tion.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x28b h98 y2a70 ff61 fs39 fc2 sc0 ls2f ws70\">The financial<span class=\"_ _2\"></span> effects of <span class=\"_ _2\"></span>the Group<span class=\"_ _2\"></span>'s material fina<span class=\"_ _2\"></span>ncial risks a<span class=\"_ _2\"></span>nd </td></tr><tr><td class=\"t m0 x289 h98 y2a71 ff61 fs39 fc2 sc0 ls30 ws52\">growt<span class=\"_ _2\"></span>h<span class=\"ls1 ws0\"> </span>rates<span class=\"ls1 ws0\">.</span><span class=\"ls1 ws0\">  </span></td><td class=\"c n x292 y2a72 w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff63 fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2a73 w132 h10d\"><div class=\"t m0 x245 h98 y2a4a ff61 fs39 fc2 sc0 ls46 ws71\">For STC<span class=\"_ _2\"></span>, <span class=\"ls30 ws50\">assum<span class=\"_ _2\"></span>ptio<span class=\"_ _2\"></span>ns of<span class=\"_ _2\"></span> fut<span class=\"_ _2\"></span>ure <span class=\"_ _2\"></span>escal<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n of<span class=\"_ _2\"></span> price<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x28b h98 y2a74 ff61 fs39 fc2 sc0 ls2f ws70\">opportunities <span class=\"_ _2\"></span>related to clim<span class=\"_ _2\"></span>ate cha<span class=\"_ _2\"></span>nge mitigation <span class=\"_ _2\"></span>and climate </td></tr><tr><td class=\"t m0 x289 h98 y2a75 ff61 fs39 fc2 sc0 ls2f ws70\">See Note 16 fo<span class=\"_ _2\"></span>r further<span class=\"_ _2\"></span> discussion o<span class=\"_ _2\"></span>f the imp<span class=\"_ _2\"></span>airment tes<span class=\"_ _2\"></span>ting </td><td class=\"t m0 x294 h98 y2a76 ff61 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">and co<span class=\"_ _2\"></span>st i<span class=\"_ _2\"></span>ncrease<span class=\"_ _2\"></span>s <span class=\"ls5d ws92\">were <span class=\"_ _1\"></span><span class=\"ls30 ws50\">obt<span class=\"_ _2\"></span>ained<span class=\"_ _2\"></span> from<span class=\"_ _2\"></span> shipp<span class=\"_ _2\"></span>ing a<span class=\"_ _2\"></span>nd</span></span><span class=\"ls5d ws92\"><span class=\"ls30 ws50\"> </span></span></td><td class=\"t m0 x28b h98 y2a77 ff61 fs39 fc2 sc0 ls30 ws50\">change<span class=\"_ _2\"></span> adapt<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on o<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span>'s f<span class=\"_ _2\"></span>uture<span class=\"_ _2\"></span> ca<span class=\"_ _2\"></span>sh flow<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> valu<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\">-<span class=\"_ _195\"> </span></span></td></tr><tr><td class=\"t m0 x289 h98 y2a78 ff61 fs39 fc2 sc0 ls30 ws50\">that w<span class=\"_ _2\"></span>as p<span class=\"_ _2\"></span>erform<span class=\"_ _2\"></span>ed.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x294 h98 y2a79 ff61 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">transp<span class=\"_ _2\"></span>orta<span class=\"_ _2\"></span>tion c<span class=\"_ _2\"></span>arri<span class=\"_ _2\"></span>ers.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x28b h98 y2a7a ff61 fs39 fc2 sc0 ls2f ws4e\">in<span class=\"ls1 ws0\">-</span><span class=\"ws70\">u<span class=\"_ _1\"></span>se<span class=\"_ _2\"></span> calculation<span class=\"_ _2\"></span> have been <span class=\"_ _2\"></span>assessed as being<span class=\"_ _2\"></span> immaterial.</span><span class=\"ws70\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></td></tr><tr><td></td><td class=\"c n x292 y2a7b w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff63 fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2a7c w133 h10e\"><div class=\"t m0 x245 h98 y2a3e ff61 fs39 fc2 sc0 ls4b ws77\">Pre<span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">tax disc<span class=\"_ _2\"></span>oun<span class=\"_ _2\"></span>t rate<span class=\"_ _2\"></span>s r<span class=\"_ _2\"></span>ang</span>e <span class=\"_ _1\"></span><span class=\"ls30 ws52\">f<span class=\"_ _2\"></span>rom<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">7.0% to 10.8%<span class=\"ls59 ws95\">, <span class=\"_ _1\"></span><span class=\"ls47 ws0\">based on<span class=\"_ _195\"> </span></span></span></span></span></span></span></div></td><td></td></tr><tr><td></td><td class=\"t m0 x294 h98 y2a7d ff61 fs39 fc2 sc0 ls2f ws70\" colspan=\"2\">the weighted <span class=\"_ _2\"></span>average cost<span class=\"_ _2\"></span> of capital (<span class=\"_ _2\"></span>WACC), which <span class=\"_ _2\"></span>reflects </td><td></td></tr><tr><td></td><td class=\"t m0 x294 h98 y2a7e ff61 fs39 fc2 sc0 ls2f ws75\" colspan=\"2\">specific risks relating to CGUs. <span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"c n x292 y2a7f w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff63 fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2a80 w134 h10e\"><div class=\"t m0 x245 h98 y2a3e ff61 fs39 fc2 sc0 ls30 ws50\">Future g<span class=\"_ _2\"></span>rowt<span class=\"_ _2\"></span>h rate<span class=\"_ _2\"></span>s <span class=\"ls2f ws4e\">were </span>base<span class=\"_ _2\"></span>d <span class=\"_ _2\"></span>on tre<span class=\"_ _2\"></span>nds i<span class=\"_ _2\"></span>n ind<span class=\"_ _2\"></span>ust<span class=\"_ _2\"></span>rial<span class=\"_ _195\"> </span></div></td><td></td></tr><tr><td></td><td class=\"t m0 x294 h98 y2a81 ff61 fs39 fc2 sc0 ls30 ws52\" colspan=\"2\">produc<span class=\"_ _2\"></span>tion<span class=\"ls1 ws0\"> </span><span class=\"ws50\">and<span class=\"_ _2\"></span> supp<span class=\"_ _2\"></span>ly<span class=\"ls1 ws0\">-</span>demand<span class=\"_ _2\"></span> bala<span class=\"_ _2\"></span>nce i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> ma<span class=\"_ _2\"></span>rkets<span class=\"_ _2\"></span><span class=\"ls1 ws0\">. <span class=\"_ _1\"></span><span class=\"ls4a ws76\">For</span></span></span><span class=\"ws50\"><span class=\"ls1 ws0\"><span class=\"ls4a ws76\"> </span></span></span></td><td></td></tr><tr><td></td><td class=\"t m0 x294 h98 y2a82 ff61 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">Tanke<span class=\"_ _2\"></span>rs, af<span class=\"_ _2\"></span>ter<span class=\"_ _2\"></span> adju<span class=\"_ _2\"></span>stmen<span class=\"_ _2\"></span>t of<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span>s <span class=\"ls53 ws80\">over<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>two ye<span class=\"_ _2\"></span>ars to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> long<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _195\"> </span></span></td><td></td></tr><tr><td></td><td class=\"t m0 x294 h98 y2a83 ff61 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">term <span class=\"_ _2\"></span>aver<span class=\"_ _2\"></span>age TCE<span class=\"_ _2\"></span>, th<span class=\"_ _2\"></span>e g<span class=\"_ _2\"></span>rowth <span class=\"_ _2\"></span>rate i<span class=\"_ _2\"></span>s 2.0<span class=\"_ _2\"></span>%. F<span class=\"_ _2\"></span>or al<span class=\"_ _2\"></span>l ot<span class=\"_ _2\"></span>her<span class=\"_ _2\"></span> CGUs<span class=\"_ _2\"></span>, </td><td></td></tr><tr><td></td><td class=\"t m0 x294 h98 y2a84 ff61 fs39 fc2 sc0 ls1 ws0\" colspan=\"2\">t<span class=\"_ _1\"></span><span class=\"ls30 ws50\">he<span class=\"_ _2\"></span> grow<span class=\"_ _2\"></span>th<span class=\"ls1 ws0\"> </span>rate <span class=\"_ _2\"></span>used b<span class=\"_ _2\"></span>eyond<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> proje<span class=\"_ _2\"></span>ctio<span class=\"_ _2\"></span>n pe<span class=\"_ _2\"></span>riod<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">is<span class=\"_ _2\"></span> 2<span class=\"ls4c ws79\">.0<span class=\"ls46 ws6f\">%,</span></span></span></span></span><span class=\"ls30 ws50\"><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"><span class=\"ls4c ws79\"><span class=\"ls46 ws6f\"><span class=\"_ _2\"></span> </span></span></span></span></span></td><td></td></tr><tr><td></td><td class=\"t m0 x294 h98 y2a85 ff61 fs39 fc2 sc0 ls2f ws70\" colspan=\"2\">which does not<span class=\"_ _2\"></span> exceed the lo<span class=\"_ _2\"></span>ng<span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">term <span class=\"_ _2\"></span>aver<span class=\"_ _2\"></span>age i<span class=\"_ _2\"></span>nflati<span class=\"_ _2\"></span>on r<span class=\"_ _2\"></span>ate</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"> </span></span></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x294 h98 y2a86 ff61 fs39 fc2 sc0 ls2f ws70\">for the <span class=\"ls4b ws77\">C<span class=\"_ _2\"></span>GUs<span class=\"ls1 ws0\">.</span></span><span class=\"ls4b ws77\"><span class=\"ls1 ws0\"> </span></span></td><td></td></tr><tr><td></td><td class=\"t m0 x28a h98 y2a87 ff61 fs39 fc2 sc0 ls30 ws52\">For <span class=\"ws50\">FVLCT<span class=\"_ _2\"></span>S fo<span class=\"_ _2\"></span>r Tanke<span class=\"_ _2\"></span>rs,<span class=\"_ _2\"></span> brok<span class=\"_ _2\"></span>er <span class=\"_ _2\"></span>valua<span class=\"_ _2\"></span>tions w<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span> obt<span class=\"_ _2\"></span>ained<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">f<span class=\"_ _2\"></span>rom</span></span></span><span class=\"ws50\"><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"> </span></span></span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x28a h98 y2a88 ff61 fs39 fc2 sc0 ls30 ws50\">third p<span class=\"_ _2\"></span>art<span class=\"_ _2\"></span>ies.<span class=\"ls1 ws0\"> </span></td><td></td><td></td></tr></table></div><div class=\"gs8f\"><table class=\"s w135 h10f\" id=\"_b2098488-15ee-4fa3-bab4-544f31a5b4c7\"><tr><td class=\"c x286 y2a89 w4d hae\"><div class=\"t m0 x1a6 ha9 y1d8f ff68 fs3a fcb sc0 ls1f ws90\">Critic<span class=\"_ _2\"></span>al account<span class=\"_ _2\"></span>ing <span class=\"ls2c ws91\">e<span class=\"_ _2\"></span>stimate</span><span class=\"ls2c ws91\"><span class=\"ls1 ws0\"> </span></span></div></td><td></td><td></td><td class=\"c x287 y2a89 w4e hae\"><div class=\"t m0 x1a6 ha9 y1d8f ff68 fs3a fcb sc0 ls20 ws5a\">Sources of <span class=\"_ _2\"></span>account<span class=\"_ _2\"></span>ing ju<span class=\"_ _2\"></span>dgement o<span class=\"_ _2\"></span>r estimatio<span class=\"_ _2\"></span>n un<span class=\"_ _2\"></span>certaint<span class=\"_ _2\"></span>y<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td class=\"c x288 y2a89 w4f hae\"><div class=\"t m0 x1a6 ha9 y1d8f ff68 fs3a fcb sc0 ls1f ws90\">Effect if<span class=\"_ _2\"></span> actu<span class=\"_ _2\"></span>al re<span class=\"_ _2\"></span>sults dif<span class=\"_ _2\"></span>fer fro<span class=\"_ _2\"></span>m <span class=\"_ _2\"></span>assumptio<span class=\"_ _2\"></span>ns<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"t m0 x289 ha6 y2a8a ff67 fs3c fcb sc0 ls4d ws7a\">Busine<span class=\"_ _2\"></span>ss Ac<span class=\"_ _2\"></span>quisiti<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x286 y2a8b w4d hb1\"><div class=\"t m0 x1a6 h98 y1e06 ff69 fs39 fc2 sc0 ls30 ws50\">During<span class=\"_ _2\"></span> the f<span class=\"_ _2\"></span>ir<span class=\"_ _2\"></span>st qu<span class=\"_ _2\"></span>arter<span class=\"_ _2\"></span> of 2<span class=\"_ _2\"></span>025,<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> acq<span class=\"_ _2\"></span>uired 5<span class=\"_ _2\"></span>0% <span class=\"_ _2\"></span>of </div></td><td></td><td></td><td class=\"c x287 y2a8b w4e hb1\"><div class=\"t m0 x1a6 h98 y1e06 ff69 fs39 fc2 sc0 ls30 ws50\">To asse<span class=\"_ _2\"></span>ss <span class=\"_ _2\"></span>the v<span class=\"_ _2\"></span>alua<span class=\"_ _2\"></span>tion <span class=\"_ _2\"></span>of i<span class=\"_ _2\"></span>n eac<span class=\"_ _2\"></span>h of <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> acquis<span class=\"_ _2\"></span>itio<span class=\"_ _2\"></span>ns,<span class=\"_ _2\"></span> the </div></td><td></td><td></td><td class=\"c x288 y2a8b w50 hb1\"><div class=\"t m0 x1a6 h98 y1e06 ff69 fs39 fc2 sc0 ls30 ws50\">If the<span class=\"_ _2\"></span> <span class=\"ws52\">ass<span class=\"_ _2\"></span>umpt<span class=\"_ _2\"></span>ions<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">applied in<span class=\"_ _2\"></span> determining <span class=\"_ _2\"></span>the </span></span></span>fair<span class=\"_ _2\"></span> valu<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> </span><span class=\"ws4f\">of the</span><span class=\"ws4f\"> </span></div></td></tr><tr><td class=\"c n x246 y2a8c w136 h10a\"><div class=\"t m0 x245 h98 y2a4a ff6a fs39 fc2 sc0 ls2f ws70\">Hassel 4 A.<span class=\"_ _2\"></span>S. (HS4)<span class=\"_ _195\"> </span></div></td><td class=\"c n x295 y2a8c w137 h10a\"><div class=\"t m0 x245 h98 y2a4a ff6a fs39 fc2 sc0 ls2f ws70\">which<span class=\"_ _195\"> </span></div></td><td class=\"c n x296 y2a8c w138 h10a\"><div class=\"t m0 x245 h98 y2a4a ff6a fs39 fc2 sc0 ls2f ws70\">resulted in<span class=\"_ _2\"></span> the Gro<span class=\"_ _2\"></span>up\u2019s ownership<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x28a h98 y2a8d ff69 fs39 fc2 sc0 ls30 ws50\">followi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>assum<span class=\"_ _2\"></span>ptions<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> est<span class=\"_ _2\"></span>im<span class=\"_ _2\"></span>ations<span class=\"_ _2\"></span> were<span class=\"_ _2\"></span> used<span class=\"_ _2\"></span>:<span class=\"ls1 ws0\"> </span></td><td></td><td></td><td class=\"t m0 x28b h98 y2a8d ff69 fs39 fc2 sc0 ls30 ws50\">assets<span class=\"_ _2\"></span> acq<span class=\"_ _2\"></span>uired<span class=\"_ _2\"></span> <span class=\"ls4b ws77\">are<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>incorrec<span class=\"_ _2\"></span>t or <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> fact<span class=\"_ _2\"></span> patte<span class=\"_ _2\"></span>rn o<span class=\"_ _2\"></span>n w<span class=\"_ _2\"></span>hich <span class=\"_ _2\"></span><span class=\"ws52\">they</span><span class=\"ws52\"> </span></td></tr><tr><td class=\"t m0 x289 h98 y2a8e ff69 fs39 fc2 sc0 ls30 ws50\">intere<span class=\"_ _2\"></span>st i<span class=\"_ _2\"></span>ncreas<span class=\"_ _2\"></span>ing <span class=\"_ _2\"></span>to 1<span class=\"_ _2\"></span>00% a<span class=\"_ _2\"></span>nd HS4<span class=\"_ _2\"></span> bec<span class=\"_ _2\"></span>oming<span class=\"_ _2\"></span> a co<span class=\"_ _2\"></span>nsol<span class=\"_ _2\"></span>idate<span class=\"_ _2\"></span>d </td><td></td><td></td><td class=\"c n x292 y2a8f w12e h103\"><div class=\"t m0 x245 h98 y2a48 ff6b fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2a90 w139 h10a\"><div class=\"t m0 x245 h98 y2a4a ff69 fs39 fc2 sc0 ls30 ws50\">For prop<span class=\"_ _2\"></span>erty,<span class=\"_ _2\"></span> pl<span class=\"_ _2\"></span>ant and<span class=\"_ _2\"></span> eq<span class=\"_ _2\"></span>uipme<span class=\"_ _2\"></span>nt, the<span class=\"_ _2\"></span> inc<span class=\"_ _2\"></span>ome <span class=\"_ _2\"></span>appro<span class=\"_ _2\"></span>ach w<span class=\"_ _2\"></span>as<span class=\"_ _195\"> </span></div></td><td></td><td class=\"t m0 x28b h98 y2a8e ff69 fs39 fc2 sc0 ls4b ws77\">are<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">based c<span class=\"_ _2\"></span>hang<span class=\"_ _2\"></span>es, <span class=\"_ _2\"></span>this c<span class=\"_ _2\"></span>ould<span class=\"_ _2\"></span> res<span class=\"_ _2\"></span>ult i<span class=\"_ _2\"></span>n imp<span class=\"_ _2\"></span>airme<span class=\"_ _2\"></span>nts <span class=\"_ _2\"></span>in pl<span class=\"_ _2\"></span>ant<span class=\"_ _2\"></span>,</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"> </span></span></td></tr><tr><td class=\"t m0 x289 h98 y2a91 ff69 fs39 fc2 sc0 ls30 ws50\">subsidi<span class=\"_ _2\"></span>ary<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td></td><td></td><td class=\"t m0 x294 h98 y2a92 ff69 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">used<span class=\"_ _2\"></span> whic<span class=\"_ _2\"></span>h requ<span class=\"_ _2\"></span>ired<span class=\"_ _2\"></span> assump<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>ns of<span class=\"_ _2\"></span> f<span class=\"_ _2\"></span>uture<span class=\"_ _2\"></span> cash<span class=\"_ _2\"></span> flow<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> </td><td></td><td class=\"t m0 x28b h98 y2a91 ff69 fs39 fc2 sc0 ls30 ws4f\">proper<span class=\"_ _2\"></span>ty and<span class=\"_ _2\"></span> equipm<span class=\"_ _2\"></span>ent and/<span class=\"_ _2\"></span>or g<span class=\"_ _2\"></span>oodwil<span class=\"_ _2\"></span>l <span class=\"ls2f ws70\">being re<span class=\"_ _2\"></span>flected in t<span class=\"_ _2\"></span>he</span><span class=\"ls2f ws70\"> </span></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x28b h98 y2a93 ff69 fs39 fc2 sc0 ls30 ws4f\">Consol<span class=\"_ _2\"></span>idate<span class=\"_ _2\"></span>d Fina<span class=\"_ _2\"></span>ncial<span class=\"_ _2\"></span> Stateme<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws50\">in the f<span class=\"_ _2\"></span>uture<span class=\"_ _2\"></span><span class=\"ls1 ws0\">.</span></span><span class=\"ws50\"><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span> </span></span></td></tr><tr><td class=\"t m0 x289 h98 y2a94 ff69 fs39 fc2 sc0 ls30 ws50\">The Gr<span class=\"_ _2\"></span>oup al<span class=\"_ _2\"></span>so<span class=\"_ _2\"></span> acqui<span class=\"_ _2\"></span>red <span class=\"_ _2\"></span>the rem<span class=\"_ _2\"></span>aini<span class=\"_ _2\"></span>ng 53<span class=\"_ _2\"></span>% of<span class=\"_ _2\"></span> Ave<span class=\"_ _2\"></span>nir d<span class=\"_ _2\"></span>uring<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> </td><td></td><td></td><td></td><td class=\"t m0 x294 h98 y2a95 ff69 fs39 fc2 sc0 ls30 ws50\">resid<span class=\"_ _2\"></span>ual v<span class=\"_ _2\"></span>alue,<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x289 h98 y2a96 ff69 fs39 fc2 sc0 ls30 ws50\">first <span class=\"_ _2\"></span>half<span class=\"_ _2\"></span> of 2<span class=\"_ _2\"></span>025.<span class=\"_ _2\"></span> This<span class=\"_ _2\"></span> res<span class=\"_ _2\"></span>ulted<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> the f<span class=\"_ _2\"></span>orme<span class=\"_ _2\"></span>r joi<span class=\"_ _2\"></span>nt ve<span class=\"_ _2\"></span>nture<span class=\"_ _2\"></span> <span class=\"ws52\">be<span class=\"_ _2\"></span>ing</span><span class=\"ws52\"><span class=\"ls1 ws0\"> </span></span></td><td></td><td></td><td></td><td class=\"c n x297 y2a97 w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff6b fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x298 y2a98 w13a h10d\"><div class=\"t m0 x245 h98 y2a4a ff69 fs39 fc2 sc0 ls4b ws77\">Pre<span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">tax disc<span class=\"_ _2\"></span>oun<span class=\"_ _2\"></span>t rate<span class=\"_ _2\"></span>s rang<span class=\"_ _2\"></span>e f<span class=\"_ _2\"></span>rom<span class=\"_ _2\"></span> 9.2%<span class=\"_ _2\"></span> to <span class=\"ls31 ws53\">10.8<span class=\"_ _2\"></span>%<span class=\"ls48 ws2f\">, based<span class=\"_ _195\"> </span></span></span></span></span></div></td><td class=\"t m0 x28b h98 y2a96 ff69 fs39 fc2 sc0 ls30 ws50\">Based<span class=\"_ _2\"></span> on m<span class=\"_ _2\"></span>anage<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>'s as<span class=\"_ _2\"></span>sess<span class=\"_ _2\"></span>ment, <span class=\"_ _2\"></span>no p<span class=\"_ _2\"></span>lausib<span class=\"_ _2\"></span>le m<span class=\"_ _2\"></span>oveme<span class=\"_ _2\"></span>nt </td></tr><tr><td class=\"t m0 x289 h98 y2a99 ff69 fs39 fc2 sc0 ls30 ws50\">consol<span class=\"_ _2\"></span>idate<span class=\"_ _2\"></span>d by<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></td><td></td><td></td><td></td><td class=\"t m0 x299 h98 y2a9a ff69 fs39 fc2 sc0 ls30 ws4f\" colspan=\"2\">on WACC<span class=\"_ _2\"></span> adjuste<span class=\"_ _2\"></span>d for sp<span class=\"_ _2\"></span>ecifi<span class=\"_ _2\"></span>c risk<span class=\"_ _2\"></span>s relati<span class=\"_ _2\"></span>ng to<span class=\"_ _2\"></span> each of </td><td class=\"t m0 x28b h98 y2a99 ff69 fs39 fc2 sc0 ls30 ws50\">of the<span class=\"_ _2\"></span> assum<span class=\"_ _2\"></span>pt<span class=\"_ _2\"></span>ions w<span class=\"_ _2\"></span>ould<span class=\"_ _2\"></span> lead<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>o a ma<span class=\"_ _2\"></span>terial<span class=\"_ _2\"></span> ch<span class=\"_ _2\"></span>ange i<span class=\"_ _2\"></span>n pl<span class=\"_ _2\"></span>ant,<span class=\"_ _2\"></span> </td></tr><tr><td class=\"t m0 x289 h98 y2a9b ff69 fs39 fc2 sc0 ls30 ws50\">In the<span class=\"_ _2\"></span> fou<span class=\"_ _2\"></span>rth q<span class=\"_ _2\"></span>uarte<span class=\"_ _2\"></span>r of<span class=\"_ _2\"></span> 202<span class=\"_ _2\"></span>5, the<span class=\"_ _2\"></span> Gr<span class=\"_ _2\"></span>oup ac<span class=\"_ _2\"></span>quire<span class=\"_ _2\"></span>d 10<span class=\"_ _2\"></span>0% o<span class=\"_ _2\"></span>f </td><td></td><td></td><td></td><td></td><td class=\"t m0 x299 h98 y2a9c ff69 fs39 fc2 sc0 ls30 ws52\">the<span class=\"ls1 ws0\"> </span>acquisi<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>ns. <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x28b h98 y2a9d ff69 fs39 fc2 sc0 ls2f ws70\">property and eq<span class=\"_ _2\"></span>uipment and/<span class=\"_ _2\"></span>or goodwill.<span class=\"_ _2\"></span> For example<span class=\"_ _2\"></span>, for the<span class=\"_ _2\"></span> </td></tr><tr><td class=\"t m0 x289 h98 y2a9e ff69 fs39 fc2 sc0 ls30 ws50\">Sutto<span class=\"_ _2\"></span>ns Int<span class=\"_ _2\"></span>ern<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span>al Hold<span class=\"_ _2\"></span>ings<span class=\"_ _2\"></span> Li<span class=\"_ _2\"></span>mited<span class=\"_ _2\"></span> (Sutt<span class=\"_ _2\"></span>ons)<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></td><td></td><td></td><td></td><td class=\"c n x297 y2a9f w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff6b fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x298 y2aa0 w13b h10d\"><div class=\"t m0 x245 h98 y2a4a ff69 fs39 fc2 sc0 ls30 ws50\">Future c<span class=\"_ _2\"></span>ash fl<span class=\"_ _2\"></span>ows<span class=\"_ _2\"></span> were<span class=\"_ _2\"></span> bas<span class=\"_ _2\"></span>ed on <span class=\"_ _2\"></span>the hi<span class=\"_ _2\"></span>sto<span class=\"_ _2\"></span>rical<span class=\"_ _2\"></span> res<span class=\"_ _2\"></span>ults <span class=\"_ _2\"></span>and</div></td><td class=\"t m0 x28b h98 y2aa1 ff69 fs39 fc2 sc0 ls30 ws50\">Sutto<span class=\"_ _2\"></span>ns ac<span class=\"_ _2\"></span>quisi<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>, if <span class=\"_ _2\"></span>the t<span class=\"_ _2\"></span>ank t<span class=\"_ _2\"></span>urns<span class=\"_ _2\"></span> (util<span class=\"_ _2\"></span>isa<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>) or<span class=\"_ _2\"></span> gross<span class=\"_ _2\"></span> pro<span class=\"_ _2\"></span>fit </td></tr><tr><td class=\"t m0 x289 h98 y2aa2 ff69 fs39 fc2 sc0 ls2f ws4e\">See <span class=\"ls4b ws77\">Note<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">33 for <span class=\"ls30 ws50\">detai<span class=\"_ _2\"></span>ls of<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>acq<span class=\"_ _2\"></span>uisiti<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>the am<span class=\"_ _2\"></span>ounts<span class=\"_ _2\"></span> of</span></span></span></span><span class=\"ls4b ws77\"><span class=\"ls1 ws0\"><span class=\"ls31 ws51\"><span class=\"ls30 ws50\"><span class=\"_ _2\"></span> </span></span></span></span></td><td></td><td></td><td></td><td class=\"t m0 x299 h98 y2aa3 ff69 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">or la<span class=\"_ _2\"></span>test f<span class=\"_ _2\"></span>ive y<span class=\"_ _2\"></span>ear<span class=\"_ _2\"></span> plan.<span class=\"_ _2\"></span> Fut<span class=\"_ _2\"></span>ure g<span class=\"_ _2\"></span>row<span class=\"_ _2\"></span>th rat<span class=\"_ _2\"></span>es we<span class=\"_ _2\"></span>re </td><td class=\"t m0 x28b h98 y2aa4 ff69 fs39 fc2 sc0 ls30 ws50\">are red<span class=\"_ _2\"></span>uc<span class=\"ls31 ws51\">ed<span class=\"_ _2\"></span> by 10% from 2026 to 2030, then the property</span><span class=\"ls31 ws51\"> </span></td></tr><tr><td class=\"t m0 x289 h98 y2aa5 ff69 fs39 fc2 sc0 ls2f ws70\">identifiable asse<span class=\"_ _2\"></span>ts acquired a<span class=\"_ _2\"></span>nd liabilit<span class=\"_ _2\"></span>ies assumed<span class=\"_ _2\"></span> for each of<span class=\"_ _2\"></span> </td><td></td><td></td><td></td><td class=\"t m0 x299 h98 y2aa6 ff69 fs39 fc2 sc0 ls31 ws51\" colspan=\"2\">approximatel<span class=\"_ _1\"></span>y<span class=\"_ _2\"></span> 2.0%. <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x28b h98 y2aa7 ff69 fs39 fc2 sc0 ls30 ws50\">valua<span class=\"_ _2\"></span>tion w<span class=\"_ _2\"></span>ould<span class=\"_ _2\"></span> have<span class=\"_ _2\"></span> been<span class=\"_ _2\"></span> red<span class=\"_ _2\"></span>uced<span class=\"_ _2\"></span> and g<span class=\"_ _2\"></span>oodwil<span class=\"_ _2\"></span>l inc<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>ased b<span class=\"_ _2\"></span>y </td></tr><tr><td class=\"t m0 x289 h98 y2aa8 ff69 fs39 fc2 sc0 ls30 ws50\">the ab<span class=\"_ _2\"></span>ove <span class=\"_ _2\"></span>acqui<span class=\"_ _2\"></span>sitio<span class=\"_ _2\"></span>ns.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td></td><td></td><td class=\"c n x292 y2aa9 w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff6b fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2aaa w13c h10d\"><div class=\"t m0 x245 h98 y2a4a ff69 fs39 fc2 sc0 ls2f ws70\">For Suttons, lease l<span class=\"_ _2\"></span>iabilities we<span class=\"_ _2\"></span>re measured b<span class=\"_ _2\"></span>ased on t<span class=\"_ _2\"></span>he<span class=\"_ _195\"> </span></div></td><td></td><td class=\"t m0 x28b h98 y2aab ff69 fs39 fc2 sc0 ls2f ws70\">$7.1 million <span class=\"_ _2\"></span>and $6.8 m<span class=\"_ _2\"></span>illion, res<span class=\"_ _2\"></span>pectively.<span class=\"ls1 ws0\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x294 h98 y2aac ff69 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">presen<span class=\"_ _2\"></span>t va<span class=\"_ _2\"></span>lue of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> rema<span class=\"_ _2\"></span>ini<span class=\"_ _2\"></span>ng le<span class=\"_ _2\"></span>ase pay<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>ts at<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> </td><td></td><td class=\"t m0 x28b h98 y2aad ff69 fs39 fc2 sc0 ls2f ws70\">As a result<span class=\"_ _2\"></span> of uncert<span class=\"_ _2\"></span>ainties inher<span class=\"_ _2\"></span>ent in f<span class=\"_ _2\"></span>air value estima<span class=\"_ _2\"></span>tion, </td></tr><tr><td class=\"t m0 x289 h98 y2aae ff69 fs39 fc2 sc0 ls30 ws50\">In app<span class=\"_ _2\"></span>lyi<span class=\"_ _2\"></span>ng the<span class=\"_ _2\"></span> acq<span class=\"_ _2\"></span>uisiti<span class=\"_ _2\"></span>on me<span class=\"_ _2\"></span>tho<span class=\"_ _2\"></span>d of <span class=\"_ _2\"></span>accou<span class=\"_ _2\"></span>nting<span class=\"_ _2\"></span>, est<span class=\"_ _2\"></span>imate<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> </td><td></td><td></td><td class=\"t m0 x294 h98 y2aaf ff69 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">acqui<span class=\"_ _2\"></span>sition<span class=\"_ _2\"></span> date<span class=\"_ _2\"></span> disc<span class=\"_ _2\"></span>oun<span class=\"_ _2\"></span>ted usi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> an ap<span class=\"_ _2\"></span>prop<span class=\"_ _2\"></span>riate<span class=\"_ _2\"></span> inc<span class=\"_ _2\"></span>remen<span class=\"_ _2\"></span>tal </td><td></td><td class=\"t m0 x28b h98 y2ab0 ff69 fs39 fc2 sc0 ls2f ws70\">measurement period<span class=\"_ _2\"></span> adjustme<span class=\"_ _2\"></span>nts may be<span class=\"_ _2\"></span> applied.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td></tr><tr><td class=\"t m0 x289 h98 y2ab1 ff69 fs39 fc2 sc0 ls30 ws50\">an in<span class=\"_ _2\"></span>tegral<span class=\"_ _2\"></span> pa<span class=\"_ _2\"></span>rt of<span class=\"_ _2\"></span> asses<span class=\"_ _2\"></span>sing<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>fair<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ues of<span class=\"_ _2\"></span> seve<span class=\"_ _2\"></span>ral <span class=\"_ _2\"></span>of the<span class=\"_ _2\"></span> </td><td></td><td></td><td class=\"t m0 x294 h98 y2ab2 ff69 fs39 fc2 sc0 ls2f ws70\" colspan=\"2\">borrowing rate. O<span class=\"_ _2\"></span>ther fin<span class=\"_ _2\"></span>ancial liabilities w<span class=\"_ _2\"></span>ere measured<span class=\"_ _2\"></span> at </td><td></td><td></td></tr><tr><td class=\"t m0 x289 h98 y2ab3 ff69 fs39 fc2 sc0 ls30 ws50\">assets<span class=\"_ _2\"></span> acq<span class=\"_ _2\"></span>uired<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> liab<span class=\"_ _2\"></span>iliti<span class=\"_ _2\"></span>es as<span class=\"_ _2\"></span>sumed<span class=\"_ _2\"></span> as<span class=\"_ _2\"></span> obse<span class=\"_ _2\"></span>rvable<span class=\"_ _2\"></span> mark<span class=\"_ _2\"></span>et </td><td></td><td></td><td class=\"t m0 x294 h98 y2ab4 ff69 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">the p<span class=\"_ _2\"></span>resent<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> rep<span class=\"_ _2\"></span>ayabl<span class=\"_ _2\"></span>e amo<span class=\"_ _2\"></span>unts<span class=\"_ _2\"></span><span class=\"ls50 ws7d\">.</span><span class=\"ls50 ws7d\"> <span class=\"ls1 ws0\"> </span></span></td><td></td><td></td></tr><tr><td class=\"t m0 x289 h98 y2ab5 ff69 fs39 fc2 sc0 ls2f ws70\">prices are <span class=\"_ _2\"></span>typically not a<span class=\"_ _2\"></span>vailable. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td></td><td></td><td class=\"c n x292 y2ab6 w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff6b fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2ab7 w13d h10d\"><div class=\"t m0 x245 h98 y2a4a ff69 fs39 fc2 sc0 ls47 ws82\">F<span class=\"_ _1\"></span>or Suttons, th<span class=\"_ _1\"></span>e Custome<span class=\"_ _1\"></span>r relation<span class=\"_ _1\"></span>s intangib<span class=\"_ _1\"></span>le asset was<span class=\"_ _195\"> </span></div></td><td></td><td></td></tr><tr><td class=\"t m0 x289 h98 y2ab8 ff6a fs39 fc2 sc0 ls30 ws4f\">In addi<span class=\"_ _2\"></span>tion,<span class=\"_ _2\"></span> for HS4 and<span class=\"_ _2\"></span> Aveni<span class=\"_ _2\"></span>r, the f<span class=\"_ _2\"></span>air val<span class=\"_ _2\"></span>ue of the<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span>\u2019s </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x289 h98 y2ab9 ff69 fs39 fc2 sc0 ls2f ws70\">previously held e<span class=\"_ _2\"></span>quity interes<span class=\"_ _2\"></span>ts was e<span class=\"_ _2\"></span>stimated using<span class=\"_ _2\"></span> significan<span class=\"_ _2\"></span>t </td><td></td><td></td><td class=\"t m0 x294 h98 y2aba ff69 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">calcul<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> using<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> mult<span class=\"_ _2\"></span>i<span class=\"ls1 ws0\">-</span>period<span class=\"_ _2\"></span> earni<span class=\"_ _2\"></span>ngs e<span class=\"_ _2\"></span>xcess<span class=\"_ _2\"></span> (M<span class=\"_ _2\"></span>PEE) </td><td></td><td></td></tr><tr><td class=\"t m0 x289 h98 y2abb ff69 fs39 fc2 sc0 ls30 ws4f\">inputs<span class=\"_ _2\"></span> not obs<span class=\"_ _2\"></span>ervabl<span class=\"_ _2\"></span>e in the<span class=\"_ _2\"></span> mar<span class=\"_ _2\"></span>ket.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td></td><td></td><td class=\"t m0 x294 h98 y2abc ff69 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">method<span class=\"_ _2\"></span> whic<span class=\"_ _2\"></span>h req<span class=\"_ _2\"></span>uire<span class=\"_ _2\"></span>s es<span class=\"_ _2\"></span>timate<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> fut<span class=\"_ _2\"></span>ure a<span class=\"_ _2\"></span>ttrit<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>rate<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> </td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x294 h98 y2abd ff69 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">custom<span class=\"_ _2\"></span>ers a<span class=\"_ _2\"></span>nd ne<span class=\"_ _2\"></span>t c<span class=\"_ _2\"></span>ash fl<span class=\"_ _2\"></span>ows <span class=\"_ _2\"></span>of t<span class=\"_ _2\"></span>he ac<span class=\"_ _2\"></span>quired<span class=\"_ _2\"></span> cu<span class=\"_ _2\"></span>stome<span class=\"_ _2\"></span>r </td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x294 h98 y2abe ff69 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">base.<span class=\"_ _2\"></span> The i<span class=\"_ _2\"></span>nput<span class=\"_ _2\"></span>s we<span class=\"_ _2\"></span>re esti<span class=\"_ _2\"></span>m<span class=\"ff6a\">ate<span class=\"_ _2\"></span>d bas<span class=\"_ _2\"></span>ed o<span class=\"_ _2\"></span>n Ma<span class=\"_ _2\"></span>nageme<span class=\"_ _2\"></span>nt\u2019s</span><span class=\"ff6a\"><span class=\"_ _2\"></span> </span></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x294 h98 y2abf ff69 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">profes<span class=\"_ _2\"></span>sional<span class=\"_ _2\"></span> jud<span class=\"_ _2\"></span>geme<span class=\"_ _2\"></span>nt b<span class=\"_ _2\"></span>ased o<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> acq<span class=\"_ _2\"></span>uire<span class=\"_ _2\"></span>d cust<span class=\"_ _2\"></span>omer<span class=\"_ _2\"></span> </td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x294 h98 y2ac0 ff69 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">base, <span class=\"_ _2\"></span>hist<span class=\"_ _2\"></span>orical<span class=\"_ _2\"></span> da<span class=\"_ _2\"></span>ta and<span class=\"_ _2\"></span> gene<span class=\"_ _2\"></span>ral<span class=\"_ _2\"></span> busin<span class=\"_ _2\"></span>ess<span class=\"_ _2\"></span> insig<span class=\"_ _2\"></span>ht.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c n x292 y2ac1 w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff6b fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2ac2 w13e h10e\"><div class=\"t m0 x245 h98 y2a3e ff6a fs39 fc2 sc0 ls30 ws50\">For HS4<span class=\"_ _2\"></span> and A<span class=\"_ _2\"></span>veni<span class=\"_ _2\"></span>r, the<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r val<span class=\"_ _2\"></span>ue<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup\u2019s<span class=\"_ _2\"></span> pre<span class=\"_ _2\"></span>viousl<span class=\"_ _2\"></span>y<span class=\"_ _195\"> </span></div></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x294 h98 y2ac3 ff69 fs39 fc2 sc0 ls2f ws70\">held equity i<span class=\"_ _2\"></span>nterests was es<span class=\"_ _2\"></span>timated based<span class=\"_ _2\"></span> on the <span class=\"_ _2\"></span><span class=\"ls30 ws52\">purc<span class=\"_ _2\"></span>hase</span><span class=\"ls30 ws52\"><span class=\"_ _2\"></span> </span></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x294 h98 y2ac4 ff69 fs39 fc2 sc0 ls30 ws52\">price<span class=\"ls1 ws0\"> </span><span class=\"ws50\">paid<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>other<span class=\"_ _2\"></span> sha<span class=\"_ _2\"></span>rehold<span class=\"_ _2\"></span>ers.</span><span class=\"ws50\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></td><td></td><td></td></tr></table></div><div class=\"gs8f\"><table class=\"s w13f h110\" id=\"_b31162c7-40ed-46ae-a410-071b9a3ad655\"><tr><td class=\"c x286 y2ac5 w4d hae\"><div class=\"t m0 x1a6 ha9 y1d8f ff70 fs3a fcb sc0 ls1f ws43\">Critic<span class=\"_ _2\"></span>al <span class=\"ls1 ws0\">a<span class=\"_ _1\"></span><span class=\"ls27 ws3f\">ccou<span class=\"_ _2\"></span>nting<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">j<span class=\"_ _1\"></span><span class=\"ls20 ws36\">udgement</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls27 ws3f\"><span class=\"ls1 ws0\"><span class=\"ls20 ws36\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span></div></td><td class=\"c x287 y2ac5 w4e hae\"><div class=\"t m0 x1a6 ha9 y1d8f ff70 fs3a fcb sc0 ls27 ws5b\">Source<span class=\"_ _2\"></span>s of <span class=\"_ _2\"></span><span class=\"ls20 ws5a\">account<span class=\"_ _2\"></span>ing ju<span class=\"_ _2\"></span>dgement o<span class=\"_ _2\"></span>r <span class=\"ls1 ws0\">e<span class=\"ls1f ws43\">stimation </span>u</span></span><span class=\"ws3f\">ncertai<span class=\"_ _2\"></span>nty</span><span class=\"ws3f\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div></td><td></td><td class=\"c x288 y2ac5 w51 hae\"><div class=\"t m0 x1a6 ha9 y1d8f ff70 fs3a fcb sc0 ls2e ws34\">Effect if <span class=\"ls1 ws0\">a<span class=\"ls27 ws3f\">ctua<span class=\"_ _2\"></span>l </span>r<span class=\"_ _3\"></span><span class=\"ls28 ws40\">e<span class=\"_ _2\"></span>sults<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">d<span class=\"_ _1\"></span><span class=\"ls2e ws34\">iffer from <span class=\"_ _2\"></span><span class=\"ls1 ws0\">a<span class=\"ls28 ws40\">ssumptions</span></span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls28 ws40\"><span class=\"ls1 ws0\"><span class=\"ls2e ws34\"><span class=\"ls1 ws0\"><span class=\"ls28 ws40\"><span class=\"_ _2\"></span></span> </span></span></span></span></span></div></td></tr><tr><td class=\"t m0 x289 ha6 y2ac6 ff6f fs3c fcb sc0 ls58 ws8e\">Investments in joint ventures and associates<span class=\"ls1 ws0\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c x286 y2ac7 w4d hb2\"><div class=\"t m0 x1a6 h98 y1e2e ff71 fs39 fc2 sc0 ls2f ws4e\">The <span class=\"_ _1\"></span><span class=\"ls1 ws0\">C<span class=\"ls2f ws4e\">onsolidated </span>F<span class=\"_ _1\"></span><span class=\"ls30 ws52\">i<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al <span class=\"ls1 ws0\">S</span><span class=\"ff72 ws50\">tatements<span class=\"_ _2\"></span> incl<span class=\"_ _2\"></span>ude t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span>\u2019s</span></span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ff72 ws50\"> </span></span></span></div></td><td class=\"c x287 y2ac7 w4e hb2\"><div class=\"t m0 x1a6 h98 y1e2e ff71 fs39 fc2 sc0 ls2f ws70\">There are a<span class=\"_ _2\"></span> number of a<span class=\"_ _2\"></span>reas where <span class=\"_ _2\"></span>significant j<span class=\"_ _2\"></span>udgement <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x288 y2ac7 w51 hb2\"><div class=\"t m0 x1a6 h98 y1e2e ff71 fs39 fc2 sc0 ls2f ws70\">If the judgem<span class=\"_ _2\"></span>ent applied i<span class=\"_ _2\"></span>n determ<span class=\"_ _2\"></span>ining the acco<span class=\"_ _2\"></span>unting </div></td></tr><tr><td class=\"t m0 x289 h98 y2ac8 ff71 fs39 fc2 sc0 ls30 ws50\">results<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> all<span class=\"_ _2\"></span> othe<span class=\"_ _2\"></span>r en<span class=\"_ _2\"></span>titie<span class=\"_ _2\"></span>s in w<span class=\"_ _2\"></span>hich<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> has<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntrol<span class=\"_ _2\"></span>, </td><td class=\"t m0 x28a h98 y2ac8 ff71 fs39 fc2 sc0 ls2f ws70\">is exercised to<span class=\"_ _2\"></span> establish w<span class=\"_ _2\"></span>hether an e<span class=\"_ _2\"></span>ntity needs t<span class=\"_ _2\"></span>o be </td><td></td><td class=\"t m0 x28b h98 y2ac8 ff71 fs39 fc2 sc0 ls53 ws32\">treatme<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> an e<span class=\"_ _2\"></span>ntity<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">i<span class=\"_ _2\"></span>s inc<span class=\"_ _2\"></span>orr<span class=\"_ _2\"></span>ect o<span class=\"_ _2\"></span>r the<span class=\"_ _2\"></span> fac<span class=\"_ _2\"></span>t pa<span class=\"_ _2\"></span>ttern<span class=\"_ _2\"></span> on w<span class=\"_ _2\"></span>hich</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></span></span></td></tr><tr><td class=\"t m0 x289 h98 y2ac9 ff71 fs39 fc2 sc0 ls30 ws50\">excep<span class=\"_ _2\"></span>t whe<span class=\"_ _2\"></span>re con<span class=\"_ _2\"></span>trol<span class=\"_ _2\"></span> ove<span class=\"_ _2\"></span>r <span class=\"ws52\">the<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">operations is limited<span class=\"_ _2\"></span> by</span></span></span><span class=\"ws52\"><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"> </span></span></span></td><td class=\"t m0 x28a h98 y2ac9 ff71 fs39 fc2 sc0 ls2f ws70\">consolidated or r<span class=\"_ _2\"></span>eported u<span class=\"_ _2\"></span>nder the equity m<span class=\"_ _2\"></span>ethod of </td><td></td><td class=\"t m0 x28b h98 y2ac9 ff71 fs39 fc2 sc0 ls53 ws80\">it <span class=\"ls57 ws86\">is<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">based changes, s<span class=\"_ _2\"></span>uch entities<span class=\"_ _2\"></span> <span class=\"ls30 ws52\">may</span></span> <span class=\"ls2f ws70\">need to b<span class=\"_ _2\"></span>e consolidated</span></span></span><span class=\"ls57 ws86\"><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"><span class=\"_ _2\"></span></span> </span></span></td></tr><tr><td class=\"t m0 x289 h98 y2aca ff71 fs39 fc2 sc0 ls2f ws70\">significant par<span class=\"_ _2\"></span>ticipating inte<span class=\"_ _2\"></span>rests held by <span class=\"_ _2\"></span>another <span class=\"_ _2\"></span><span class=\"ls53 ws80\">inves<span class=\"_ _2\"></span>tor<span class=\"ls1 ws0\">.</span></span><span class=\"ls53 ws80\"><span class=\"ls1 ws0\">  </span></span></td><td class=\"t m0 x28a h98 y2aca ff71 fs39 fc2 sc0 ls30 ws52\">accou<span class=\"_ _2\"></span>nting.<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">T<span class=\"_ _1\"></span><span class=\"ls2f ws70\">o establi<span class=\"_ _2\"></span>sh whether <span class=\"_ _2\"></span>an entity is<span class=\"_ _2\"></span> a consolida<span class=\"_ _2\"></span>ted</span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"> </span></span></td><td></td><td class=\"t m0 x28b h98 y2aca ff71 fs39 fc2 sc0 ls30 ws4f\">or acco<span class=\"_ _2\"></span>unted f<span class=\"_ _2\"></span>or as a<span class=\"_ _2\"></span>n investm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws52\">at<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls53 ws80\">co<span class=\"_ _2\"></span>st. <span class=\"ls2f ws70\">For example, it<span class=\"_ _2\"></span> is</span></span></span></span><span class=\"ws52\"><span class=\"ls1 ws0\"><span class=\"ls53 ws80\"><span class=\"ls2f ws70\"> </span></span></span></span></td></tr><tr><td class=\"t m0 x289 h98 y2acb ff71 fs39 fc2 sc0 ls30 ws50\">The Gr<span class=\"_ _2\"></span>oup h<span class=\"_ _2\"></span>as $<span class=\"_ _2\"></span><span class=\"ls31 ws53\">627.4<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">milli<span class=\"_ _2\"></span>on in i<span class=\"_ _2\"></span>nvestments in<span class=\"_ _2\"></span><span class=\"ls1 ws0\">,<span class=\"_ _1\"></span> <span class=\"ls30 ws4f\">and adv<span class=\"_ _2\"></span>ances</span></span></span></span></span><span class=\"ls31 ws53\"><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"><span class=\"ls1 ws0\"><span class=\"ls30 ws4f\"><span class=\"_ _2\"></span> </span></span></span></span></span></td><td class=\"t m0 x28a h98 y2acb ff71 fs39 fc2 sc0 ls47 ws82\">sub<span class=\"_ _1\"></span>sidiary, a jo<span class=\"_ _1\"></span>int ventur<span class=\"_ _1\"></span>e or an associa<span class=\"_ _1\"></span>te, <span class=\"ls2f ws4e\">key<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">areas<span class=\"_ _2\"></span> of</span></span></span><span class=\"ls2f ws4e\"><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"> </span></span></span></td><td></td><td class=\"t m0 x28b h98 y2acb ff71 fs39 fc2 sc0 ls2f ws70\">possible that <span class=\"_ _2\"></span>an investmen<span class=\"_ _2\"></span>t <span class=\"ls57 ws86\">is<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">ac<span class=\"_ _2\"></span>coun<span class=\"_ _2\"></span>ted <span class=\"ls2f ws4e\">for<span class=\"ls1 ws0\"> <span class=\"ls47 ws82\">a<span class=\"_ _1\"></span>s a joint ventur<span class=\"_ _1\"></span>e or</span></span></span></span></span></span><span class=\"ls57 ws86\"><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ls2f ws4e\"><span class=\"ls1 ws0\"><span class=\"ls47 ws82\"> </span></span></span></span></span></span></td></tr><tr><td class=\"t m0 x289 h98 y2acc ff71 fs39 fc2 sc0 ls53 ws80\">to<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls53 ws7d\">join<span class=\"_ _2\"></span>t ventu<span class=\"_ _2\"></span>res <span class=\"ls4b ws77\">and<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">associate<span class=\"_ _2\"></span>s.</span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls53 ws7d\"><span class=\"ls4b ws77\"><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"_ _2\"></span></span> </span></span></span></span></td><td class=\"t m0 x28a h98 y2acc ff71 fs39 fc2 sc0 ls2f ws75\">judgement include:<span class=\"ls1 ws0\"> </span></td><td></td><td class=\"t m0 x28b h98 y2acc ff71 fs39 fc2 sc0 ls30 ws50\">assoc<span class=\"_ _2\"></span>iate <span class=\"_ _2\"></span>using<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> equit<span class=\"_ _2\"></span>y me<span class=\"_ _2\"></span>th<span class=\"_ _2\"></span>od despi<span class=\"_ _2\"></span>te <span class=\"_ _2\"></span>havi<span class=\"_ _2\"></span>ng an<span class=\"_ _2\"></span> owne<span class=\"_ _2\"></span>rship<span class=\"_ _2\"></span> </td></tr><tr><td class=\"t m0 x289 h98 y2acd ff71 fs39 fc2 sc0 ls30 ws50\">Determ<span class=\"_ _2\"></span>inati<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> whe<span class=\"_ _2\"></span>ther <span class=\"_ _2\"></span>an e<span class=\"_ _2\"></span>ntity<span class=\"_ _2\"></span> is <span class=\"_ _2\"></span>an in<span class=\"_ _2\"></span>vestm<span class=\"_ _2\"></span>ent i<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> a <span class=\"_ _1\"></span><span class=\"ls30 ws52\">joi<span class=\"_ _2\"></span>nt</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"> </span></span></td><td class=\"c n x292 y2ace w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff73 fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2acf w140 h10d\"><div class=\"t m0 x245 h98 y2a4a ff71 fs39 fc2 sc0 ls2f ws70\">Qualitative analysis o<span class=\"_ _2\"></span>f an entity<span class=\"_ _2\"></span> including <span class=\"_ _2\"></span>review of, am<span class=\"_ _2\"></span>ong<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x28b h98 y2ad0 ff71 fs39 fc2 sc0 ls2f ws70\">interest exceedi<span class=\"_ _2\"></span>ng 50%<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws52\">w<span class=\"_ _2\"></span>here <span class=\"ls2f ws70\">the inves<span class=\"_ _2\"></span>tor<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls4a ws76\">doe<span class=\"_ _2\"></span>s <span class=\"ls30 ws50\">not exe<span class=\"_ _2\"></span>rcise</span></span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ls2f ws70\"><span class=\"ls1 ws0\"><span class=\"ls4a ws76\"><span class=\"ls30 ws50\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span></span></span></td></tr><tr><td class=\"t m0 x289 h98 y2ad1 ff71 fs39 fc2 sc0 ls2f ws70\">venture or a<span class=\"_ _2\"></span>ssociate is ba<span class=\"_ _2\"></span>sed on <span class=\"_ _2\"></span>certain <span class=\"ls53 ws7d\">re<span class=\"_ _2\"></span>levan<span class=\"_ _2\"></span>t activi<span class=\"_ _2\"></span>ties <span class=\"ls30 ws52\">suc<span class=\"_ _2\"></span>h</span></span><span class=\"ls53 ws7d\"><span class=\"ls30 ws52\"> </span></span></td><td class=\"t m0 x294 h98 y2ad2 ff71 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">other <span class=\"_ _2\"></span>fac<span class=\"_ _2\"></span>tors, i<span class=\"_ _2\"></span>ts<span class=\"_ _2\"></span> capit<span class=\"_ _2\"></span>al st<span class=\"_ _2\"></span>ructu<span class=\"_ _2\"></span>re, c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span>ual te<span class=\"_ _2\"></span>rms<span class=\"_ _2\"></span>, key </td><td class=\"t m0 x28b h98 y2ad3 ff71 fs39 fc2 sc0 ls2f ws4e\">direct<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">or indi<span class=\"_ _2\"></span>rect<span class=\"_ _2\"></span> cont<span class=\"_ _2\"></span>rol ove<span class=\"_ _2\"></span>r t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>investe<span class=\"_ _2\"></span>e.</span> </span><span class=\"ws70\">To the ex<span class=\"_ _2\"></span>tent that t<span class=\"_ _2\"></span>he</span><span class=\"ws70\"> </span></td></tr><tr><td class=\"t m0 x289 h98 y2ad4 ff71 fs39 fc2 sc0 ls30 ws4f\">as t<span class=\"ws52\">he<span class=\"ls1 ws0\"> </span></span>abili<span class=\"_ _2\"></span>ty to ap<span class=\"_ _2\"></span>prove<span class=\"_ _2\"></span> the ope<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ng and <span class=\"ws52\">cap<span class=\"_ _2\"></span>ital<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">b<span class=\"_ _2\"></span>udge<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\">s <span class=\"_ _1\"></span><span class=\"ls4a ws74\">of a<span class=\"_ _2\"></span><span class=\"ls30 ws52\">n</span></span></span></span></span></span><span class=\"ws52\"><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ls1 ws0\"><span class=\"ls4a ws74\"><span class=\"ls30 ws52\"> </span></span></span></span></span></span></td><td class=\"t m0 x294 h98 y2ad5 ff71 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">decisi<span class=\"_ _2\"></span>ons <span class=\"_ _2\"></span>requir<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> unani<span class=\"_ _2\"></span>mous<span class=\"_ _2\"></span> ap<span class=\"_ _2\"></span>proval<span class=\"_ _2\"></span>, rel<span class=\"_ _2\"></span>ated p<span class=\"_ _2\"></span>arty<span class=\"_ _2\"></span> </td><td class=\"t m0 x28b h98 y2ad6 ff71 fs39 fc2 sc0 ls2f ws70\">Group is deemed<span class=\"_ _2\"></span> to control <span class=\"_ _2\"></span>these en<span class=\"_ _2\"></span>tities, the en<span class=\"_ _2\"></span>tities would<span class=\"_ _2\"></span> </td></tr><tr><td class=\"t m0 x289 h98 y2ad7 ff71 fs39 fc2 sc0 ls53 ws80\">entity <span class=\"ls30 ws50\">and<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>abili<span class=\"_ _2\"></span>ty <span class=\"_ _2\"></span></span>to<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">appoint<span class=\"_ _2\"></span></span> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">k<span class=\"_ _2\"></span>ey man<span class=\"_ _2\"></span>agem<span class=\"_ _2\"></span>ent pe<span class=\"_ _2\"></span>rso<span class=\"_ _2\"></span>nnel<span class=\"ls1 ws0\">.</span></span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"ls1 ws0\"> </span></span></span></td><td class=\"t m0 x294 h98 y2ad8 ff71 fs39 fc2 sc0 ls30 ws4f\" colspan=\"2\">relati<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span>hips and<span class=\"_ _2\"></span> <span class=\"ws52\">the <span class=\"ls2f ws75\">design of the entity<span class=\"ls1 ws0\">.</span></span></span><span class=\"ws52\"><span class=\"ls2f ws75\"><span class=\"ls1 ws0\"> </span></span></span></td><td class=\"t m0 x28b h98 y2ad9 ff71 fs39 fc2 sc0 ls30 ws50\">have <span class=\"_ _2\"></span>to be<span class=\"_ _2\"></span> conso<span class=\"_ _2\"></span>lida<span class=\"_ _2\"></span>ted.<span class=\"_ _2\"></span> This<span class=\"_ _2\"></span> wo<span class=\"_ _2\"></span>uld af<span class=\"_ _2\"></span>fec<span class=\"_ _2\"></span>t the<span class=\"_ _2\"></span> balanc<span class=\"_ _2\"></span>e s<span class=\"_ _2\"></span>heet<span class=\"_ _2\"></span>, </td></tr><tr><td></td><td class=\"c n x292 y2ada w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff73 fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2adb w141 h10d\"><div class=\"t m0 x245 h98 y2a4a ff71 fs39 fc2 sc0 ls30 ws50\">Rights of<span class=\"_ _2\"></span> pa<span class=\"_ _2\"></span>rtne<span class=\"_ _2\"></span>rs reg<span class=\"_ _2\"></span>ardi<span class=\"_ _2\"></span>ng si<span class=\"_ _2\"></span>gnif<span class=\"_ _2\"></span>icant b<span class=\"_ _2\"></span>usi<span class=\"_ _2\"></span>ness d<span class=\"_ _2\"></span>eci<span class=\"_ _2\"></span>sions<span class=\"_ _2\"></span>,<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x28b h98 y2adc ff71 fs39 fc2 sc0 ls30 ws50\">income<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>ateme<span class=\"_ _2\"></span>nt, s<span class=\"_ _2\"></span>tateme<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>cash fl<span class=\"_ _2\"></span>ows <span class=\"_ _2\"></span>and d<span class=\"_ _2\"></span>ebt<span class=\"_ _2\"></span> coven<span class=\"_ _2\"></span>ants.<span class=\"_ _2\"></span> </td></tr><tr><td></td><td class=\"t m0 x294 h98 y2add ff71 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">includi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> dispo<span class=\"_ _2\"></span>sals <span class=\"_ _2\"></span><span class=\"ls4b ws77\">and<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">acq<span class=\"_ _2\"></span>uis<span class=\"_ _2\"></span>itions<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> asset<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\">.</span></span></span></span><span class=\"ls4b ws77\"><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"ls1 ws0\"> </span></span></span></span></td><td class=\"t m0 x28b h98 y2ade ff71 fs39 fc2 sc0 ls2f ws70\">See Note 1<span class=\"_ _2\"></span><span class=\"ls1 ws0\">7 <span class=\"_ _3\"></span><span class=\"ls2f ws70\">fo<span class=\"_ _2\"></span>r further det<span class=\"_ _2\"></span>ails.</span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"><span class=\"ls1 ws0\"> </span></span></span></td></tr><tr><td></td><td class=\"c n x292 y2adf w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff73 fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2ae0 w142 h10d\"><div class=\"t m0 x245 h98 y2a4a ff71 fs39 fc2 sc0 ls30 ws50\">Board and<span class=\"_ _2\"></span> ma<span class=\"_ _2\"></span>nageme<span class=\"_ _2\"></span>nt re<span class=\"_ _2\"></span>pres<span class=\"_ _2\"></span>enta<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">a<span class=\"_ _2\"></span>nd<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">ability</span> <span class=\"_ _1\"></span><span class=\"ls4a ws76\">t<span class=\"_ _2\"></span>o <span class=\"ls30 ws52\">appoint<span class=\"_ _195\"> </span></span></span></span></span></span></div></td><td></td></tr><tr><td></td><td class=\"t m0 x294 h98 y2ae1 ff71 fs39 fc2 sc0 ls2f ws70\" colspan=\"2\">key management<span class=\"_ _2\"></span> personnel<span class=\"ls1 ws0\">.</span><span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"c n x292 y2ae2 w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff73 fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2ae3 w143 h10d\"><div class=\"t m0 x245 h98 y2a4a ff71 fs39 fc2 sc0 ls30 ws50\">Potential<span class=\"_ _2\"></span> vo<span class=\"_ _2\"></span>ting <span class=\"_ _2\"></span>righ<span class=\"_ _2\"></span>ts<span class=\"ls1 ws0\">.<span class=\"_ _195\"> </span></span></div></td><td></td></tr><tr><td></td><td class=\"c n x292 y2ae4 w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff73 fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2ae5 w144 h10d\"><div class=\"t m0 x245 h98 y2a4a ff71 fs39 fc2 sc0 ls2f ws70\">Ability to make fi<span class=\"_ _2\"></span>nancing decisio<span class=\"_ _2\"></span>ns.<span class=\"_ _195\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n x292 y2ae6 w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff73 fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2ae7 w145 h10d\"><div class=\"t m0 x245 h98 y2a4a ff71 fs39 fc2 sc0 ls63 ws0\">Approv<span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>of<span class=\"_ _2\"></span> ope<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>and<span class=\"_ _2\"></span> cap<span class=\"_ _2\"></span>ital<span class=\"_ _2\"></span> <span class=\"ls64 ws97\">b<span class=\"_ _2\"></span>udge<span class=\"_ _2\"></span>t</span><span class=\"ls1\">s <span class=\"_ _3\"></span><span class=\"ls63 ws98\">an<span class=\"_ _2\"></span>d<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">contr<span class=\"_ _2\"></span>actual<span class=\"_ _195\"> </span></span></span></span></span></div></td><td></td></tr><tr><td></td><td class=\"t m0 x294 h98 y2ae8 ff71 fs39 fc2 sc0 ls30 ws52\" colspan=\"2\">rights<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws50\">of other<span class=\"_ _2\"></span> sha<span class=\"_ _2\"></span>rehold<span class=\"_ _2\"></span>ers<span class=\"ls1 ws0\">.</span></span><span class=\"ws50\"><span class=\"ls1 ws0\">  </span></span></td><td></td></tr><tr><td></td><td class=\"t m0 x28a h98 y2ae9 ff71 fs39 fc2 sc0 ls2f ws70\">The exercise of<span class=\"_ _2\"></span> judgement <span class=\"_ _2\"></span><span class=\"ls1 ws0\">i<span class=\"ls30 ws50\">n these<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span>as dete<span class=\"_ _2\"></span>rmi<span class=\"_ _2\"></span>nes w<span class=\"_ _2\"></span>het<span class=\"_ _2\"></span>her a</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"> </span></span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x28a h98 y2aea ff71 fs39 fc2 sc0 ls30 ws50\">parti<span class=\"_ _2\"></span>cular<span class=\"_ _2\"></span> entity<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> <span class=\"ls2f ws4e\">consolida<span class=\"_ _2\"></span>ted<span class=\"ls1 ws0\"> </span></span>as a s<span class=\"_ _2\"></span>ubsidi<span class=\"_ _2\"></span>ary o<span class=\"_ _2\"></span>r ac<span class=\"_ _2\"></span>coun<span class=\"_ _2\"></span>ted </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x28a h98 y2aeb ff71 fs39 fc2 sc0 ls4a ws76\">for<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">under t<span class=\"_ _2\"></span>he eq<span class=\"_ _2\"></span>uity m<span class=\"_ _2\"></span>eth<span class=\"_ _2\"></span>od.</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"_ _2\"></span></span> </span></td><td></td><td></td></tr></table></div><div class=\"t m0 ha6 ff90 fs3c fcb sc0 ls5b ws8b gs147\">Acc<span class=\"_ _3\"></span>ounti<span class=\"_ _1\"></span>ng <span class=\"_ _1\"></span><span class=\"ls1 ws0\">p<span class=\"ls6d wsa9\">olic<span class=\"_ _1\"></span>y<span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 hac ff93 fs39 fc2 sc0 ls49 wsaa gs148\">Oper<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng re<span class=\"_ _2\"></span>ven<span class=\"_ _2\"></span>ue <span class=\"ls2f ws2f\">is rec<span class=\"_ _2\"></span>ognised <span class=\"_ _2\"></span>when performance oblig<span class=\"_ _2\"></span>ations <span class=\"_ _2\"></span>are met, which<span class=\"_ _2\"></span> transfer the<span class=\"_ _2\"></span> control of<span class=\"_ _2\"></span> </span></div><div class=\"t m0 hac ff93 fs39 fc2 sc0 ls53 ws0 gs149\">goods <span class=\"_ _2\"></span>or pr<span class=\"_ _2\"></span>ovide <span class=\"_ _2\"></span>service<span class=\"_ _2\"></span>s to t<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>ustome<span class=\"_ _2\"></span>r, at<span class=\"_ _2\"></span> an <span class=\"ls49 ws78\">am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> <span class=\"wsaa\">that r<span class=\"_ _2\"></span>efl<span class=\"_ _2\"></span>ect<span class=\"_ _2\"></span>s the<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>nsid<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ion t<span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>whic<span class=\"_ _2\"></span>h th<span class=\"_ _2\"></span>e </span></span></div><div class=\"t m0 hac ff93 fs39 fc2 sc0 ls48 ws32 gs14a\">Group exp<span class=\"_ _2\"></span>ects to b<span class=\"_ _2\"></span>e entit<span class=\"_ _2\"></span>led in <span class=\"_ _2\"></span>exchange<span class=\"_ _2\"></span> for th<span class=\"_ _2\"></span>ose good<span class=\"_ _2\"></span>s or ser<span class=\"_ _2\"></span>vices, n<span class=\"_ _2\"></span>et of di<span class=\"_ _2\"></span>scounts<span class=\"_ _2\"></span><span class=\"ls49 ws7c\">, age<span class=\"_ _2\"></span>ncy<span class=\"_ _2\"></span> </span></div><div class=\"t m0 hac ff93 fs39 fc2 sc0 ls30 wsab gs14b\">commi<span class=\"_ _2\"></span>ssion<span class=\"_ _2\"></span> fee<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">and sal<span class=\"_ _2\"></span>es t<span class=\"_ _2\"></span>axe<span class=\"_ _2\"></span>s.</span> </span></div><div class=\"t m0 hac ff93 fs39 fc2 sc0 ls1 ws0 gs14c\">C<span class=\"ls49 wsaa\">osts to<span class=\"_ _2\"></span> obt<span class=\"_ _2\"></span>ain <span class=\"_ _2\"></span>a con<span class=\"_ _2\"></span>tra<span class=\"_ _2\"></span>ct</span> <span class=\"ls49 ws78\">are <span class=\"ls48 ws32\">immedi<span class=\"_ _2\"></span>ately exp<span class=\"_ _2\"></span>ensed w<span class=\"_ _2\"></span>hen the r<span class=\"_ _2\"></span>elated r<span class=\"_ _2\"></span>evenue is<span class=\"_ _2\"></span> expected<span class=\"_ _2\"></span> to be </span></span></div><div class=\"t m0 hac ff93 fs39 fc2 sc0 ls48 ws7d gs14d\">recognised<span class=\"_ _2\"></span> within one year. <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h7e ff90 fs39 fc9 sc0 ls46 ws92 gs14e\">(i) T<span class=\"_ _2\"></span>anke<span class=\"_ _2\"></span>rs<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff93 fs39 fc2 sc0 ls49 wsaa gs14f\">Oper<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng r<span class=\"ls48 ws32\">ev<span class=\"_ _2\"></span>enue is<span class=\"_ _2\"></span> recogni<span class=\"_ _2\"></span>sed upo<span class=\"_ _2\"></span>n delivery <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>services i<span class=\"_ _2\"></span>n accor<span class=\"_ _2\"></span>dance wit<span class=\"_ _2\"></span>h the t<span class=\"_ _2\"></span>erms <span class=\"_ _2\"></span>and </span></div><div class=\"t m0 hac ff93 fs39 fc2 sc0 ls49 wsaa gs150\">condit<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>ns of<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e co<span class=\"_ _2\"></span>ntr<span class=\"_ _2\"></span>act <span class=\"_ _2\"></span>of af<span class=\"_ _2\"></span>fre<span class=\"_ _2\"></span>ight<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">or</span> </span>spot co<span class=\"_ _2\"></span>ntr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws92\">and such </span></span><span class=\"ws78\">service<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">are perfo<span class=\"_ _2\"></span>rmed over<span class=\"_ _2\"></span> </span></span></span></div><div class=\"t m0 hac ff93 fs39 fc2 sc0 ls49 wsaa gs151\">time<span class=\"_ _2\"></span>. For<span class=\"_ _2\"></span> voy<span class=\"_ _2\"></span>age<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>n pro<span class=\"_ _2\"></span>gre<span class=\"_ _2\"></span>ss at<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> end<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>a pe<span class=\"_ _2\"></span>rio<span class=\"_ _2\"></span>d, the<span class=\"_ _2\"></span> unc<span class=\"_ _2\"></span>ert<span class=\"_ _2\"></span>aint<span class=\"_ _2\"></span>y a<span class=\"_ _2\"></span>nd t<span class=\"_ _2\"></span>he dep<span class=\"_ _2\"></span>end<span class=\"_ _2\"></span>enc<span class=\"_ _2\"></span>e on<span class=\"_ _2\"></span> </div><div class=\"t m0 hac ff93 fs39 fc2 sc0 ls49 wsaa gs152\">estim<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> gr<span class=\"_ _2\"></span>eater<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>an f<span class=\"_ _2\"></span>or f<span class=\"_ _2\"></span>inal<span class=\"_ _2\"></span>ised<span class=\"_ _2\"></span> voy<span class=\"_ _2\"></span>age<span class=\"_ _2\"></span>s. T<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>ses <span class=\"_ _2\"></span>a pe<span class=\"_ _2\"></span>rce<span class=\"_ _2\"></span>ntag<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>esti<span class=\"_ _2\"></span>mat<span class=\"_ _2\"></span>ed </div><div class=\"t m0 hac ff93 fs39 fc2 sc0 ls49 wsaa gs153\">reve<span class=\"_ _2\"></span>nue f<span class=\"_ _2\"></span>or t<span class=\"_ _2\"></span>he v<span class=\"_ _2\"></span>oy<span class=\"_ _2\"></span>age e<span class=\"_ _2\"></span>qual<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he p<span class=\"_ _2\"></span>erc<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>a<span class=\"ls61 wsac\">ge of t<span class=\"_ _2\"></span>he estimated duratio<span class=\"_ _2\"></span>n of the </span><span class=\"ws78\">voy<span class=\"_ _2\"></span>age<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls48 ws7d\">completed at </span></span></span></div><div class=\"t m0 hac ff93 fs39 fc2 sc0 ls48 ws32 gs154\">the bal<span class=\"_ _2\"></span>ance sheet d<span class=\"_ _2\"></span>ate. <span class=\"ws72\">D<span class=\"_ _2\"></span>emurr<span class=\"ls49 wsaa\">a<span class=\"_ _2\"></span>ge and<span class=\"_ _2\"></span> ot<span class=\"_ _2\"></span>her<span class=\"_ _2\"></span> reve<span class=\"_ _2\"></span>nue<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e unc<span class=\"_ _2\"></span>ert<span class=\"_ _2\"></span>ain<span class=\"_ _2\"></span> elem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> reve<span class=\"_ _2\"></span>nue <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>are<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 hac ff93 fs39 fc2 sc0 ls49 wsaa gs155\">recog<span class=\"_ _2\"></span>nis<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>when<span class=\"_ _2\"></span> incur<span class=\"_ _2\"></span>red<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span>nd ge<span class=\"_ _2\"></span>neral<span class=\"_ _2\"></span>ly i<span class=\"_ _2\"></span>nvoic<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>at t<span class=\"_ _2\"></span>he e<span class=\"_ _2\"></span>nd <span class=\"_ _2\"></span>of th<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> </span><span class=\"ws78\">mont<span class=\"_ _2\"></span>h.<span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 hac ff93 fs39 fc2 sc0 ls2f ws2f gs156\">The Group oper<span class=\"_ _2\"></span>ates the Stolt<span class=\"_ _2\"></span> Tankers Joi<span class=\"_ _2\"></span>nt Service (<span class=\"ls46 ws6f\">S<span class=\"_ _2\"></span>TJS<span class=\"_ _2\"></span><span class=\"ls1 ws0\">) <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">and<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Sto<span class=\"_ _2\"></span>lt <span class=\"_ _2\"></span>NYK As<span class=\"_ _2\"></span>ia <span class=\"_ _2\"></span>Paci<span class=\"_ _2\"></span>fic<span class=\"_ _2\"></span> Ser<span class=\"_ _2\"></span>vic<span class=\"_ _2\"></span>e </span></span></span></div><div class=\"t m0 hac ff93 fs39 fc2 sc0 ls53 ws0 gs157\">Pool (S<span class=\"_ _2\"></span>NAPS P<span class=\"_ _2\"></span>ool)<span class=\"_ _2\"></span><span class=\"ls4b ws77\">, <span class=\"ls2f ws92\">which are <span class=\"ls49 ws78\">arrang<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span></span></span></span><span class=\"ls1\">s <span class=\"_ _1\"></span><span class=\"ls54 ws70\">in which t<span class=\"_ _2\"></span>he Group acts as the principal for t<span class=\"_ _2\"></span>he delivery </span></span></div><div class=\"t m0 hac ff93 fs39 fc2 sc0 ls49 wsaa gs158\">of se<span class=\"_ _2\"></span>rvic<span class=\"_ _2\"></span>es a<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span> provi<span class=\"_ _2\"></span>de<span class=\"_ _2\"></span>s the<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ord<span class=\"_ _2\"></span>inate<span class=\"_ _2\"></span>d mar<span class=\"_ _2\"></span>ket<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span>, op<span class=\"_ _2\"></span>erati<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n and<span class=\"_ _2\"></span> admi<span class=\"_ _2\"></span>nist<span class=\"_ _2\"></span>rat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> of d<span class=\"_ _2\"></span>eep<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span><span class=\"ws78\">sea </span></div><div class=\"t m0 hac ff93 fs39 fc2 sc0 ls49 ws78 gs159\">inter<span class=\"_ _2\"></span>con<span class=\"_ _2\"></span>tine<span class=\"_ _2\"></span>ntal<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"wsaa\">and r<span class=\"_ _2\"></span>egio<span class=\"_ _2\"></span>nal<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">parcel tank<span class=\"_ _2\"></span>ers owned or c<span class=\"_ _2\"></span>hartered by <span class=\"_ _2\"></span>the Group.<span class=\"_ _2\"></span> As the Gro<span class=\"_ _2\"></span>up acts as </span></span></span></div><div class=\"t m0 hac ff93 fs39 fc2 sc0 ls49 wsaa gs15a\">the p<span class=\"_ _2\"></span>rinci<span class=\"_ _2\"></span>pal<span class=\"_ _2\"></span> in <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> arr<span class=\"_ _2\"></span>ange<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>, <span class=\"_ _2\"></span>all re<span class=\"_ _2\"></span>ven<span class=\"_ _2\"></span>ue r<span class=\"_ _2\"></span>el<span class=\"_ _2\"></span>ating<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls61 ws89\">the<span class=\"ls1 ws0\"> <span class=\"ls46 ws6f\">ST<span class=\"_ _2\"></span>JS</span> <span class=\"ls49 ws7c\">and SNA<span class=\"_ _2\"></span>PS Po<span class=\"_ _2\"></span>ol are</span> <span class=\"ls49 wsaa\">rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>a </span></span></span></span></div><div class=\"t m0 hac ff93 fs39 fc2 sc0 ls49 wsaa gs15b\">gros<span class=\"_ _2\"></span>s basi<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he in<span class=\"_ _2\"></span>come<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent.<span class=\"_ _2\"></span> Ce<span class=\"_ _2\"></span>rtai<span class=\"_ _2\"></span>n s<span class=\"_ _2\"></span>hips<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> ar<span class=\"_ _2\"></span>e not<span class=\"_ _2\"></span> ow<span class=\"_ _2\"></span>ned b<span class=\"_ _2\"></span>y t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> ar<span class=\"_ _2\"></span>e tim<span class=\"_ _2\"></span>e </div><div class=\"t m0 hac ff93 fs39 fc2 sc0 ls2f ws2f gs15c\">chartered by th<span class=\"_ _2\"></span>e Group fr<span class=\"_ _2\"></span>om participants<span class=\"_ _2\"></span> in <span class=\"ls46 ws6f\">ST<span class=\"_ _2\"></span>JS<span class=\"ls1 ws0\"> <span class=\"ls53\">and the<span class=\"_ _2\"></span> SNAPS<span class=\"_ _2\"></span> Pool</span></span></span>.<span class=\"_ _2\"></span> The time<span class=\"_ _2\"></span> charter <span class=\"ls49 ws78\">e<span class=\"_ _2\"></span>xpe<span class=\"_ _2\"></span>nse<span class=\"ls1 ws0\"> <span class=\"ls54 ws83\">is </span></span></span></div><div class=\"t m0 hac ff93 fs39 fc2 sc0 ls49 wsaa gs15d\">calc<span class=\"_ _2\"></span>ulat<span class=\"_ _2\"></span>ed b<span class=\"_ _2\"></span>ased<span class=\"_ _2\"></span> upo<span class=\"_ _2\"></span>n th<span class=\"_ _2\"></span>e co<span class=\"_ _2\"></span>mbi<span class=\"_ _2\"></span>ned <span class=\"_ _2\"></span>oper<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng r<span class=\"_ _2\"></span>even<span class=\"_ _2\"></span>ue of<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e s<span class=\"_ _2\"></span>hip<span class=\"_ _2\"></span>s <span class=\"ws78\">that<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls54 ws70\">participate in the <span class=\"ls46 ws6f\">ST<span class=\"_ _2\"></span>JS</span></span> </span>and </span></div><div class=\"t m0 hac ff93 fs39 fc2 sc0 ls53 ws0 gs15e\">SNAPS P<span class=\"_ _2\"></span>ool <span class=\"ls48 ws32\">le<span class=\"_ _2\"></span>ss combi<span class=\"_ _2\"></span>ned voy<span class=\"_ _2\"></span>age expe<span class=\"_ _2\"></span>nses, o<span class=\"_ _2\"></span>verhead c<span class=\"_ _2\"></span>osts, <span class=\"_ _2\"></span><span class=\"ls49 ws78\">and</span></span><span class=\"ls1\"> <span class=\"ls54 ws70\">commissions to outside brokers </span></span></div><div class=\"t m0 hac ff94 fs39 fc2 sc0 ls49 wsaa gs15f\">and <span class=\"_ _2\"></span>upon e<span class=\"_ _2\"></span>ac<span class=\"_ _2\"></span>h ship<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s carg<span class=\"_ _2\"></span>o c<span class=\"_ _2\"></span>apa<span class=\"_ _2\"></span>city,<span class=\"_ _2\"></span> its<span class=\"_ _2\"></span> numb<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span> of op<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ating<span class=\"_ _2\"></span> day<span class=\"_ _2\"></span>s d<span class=\"_ _2\"></span>uring<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> per<span class=\"_ _2\"></span>iod<span class=\"_ _2\"></span>, and<span class=\"_ _2\"></span> it<span class=\"_ _2\"></span>s </div><div class=\"t m0 hac ff93 fs39 fc2 sc0 ls49 ws78 gs160\">assig<span class=\"_ _2\"></span>ned<span class=\"ls1 ws0\"> </span><span class=\"wsaa\">ear<span class=\"_ _2\"></span>ning<span class=\"_ _2\"></span>s f<span class=\"_ _2\"></span>ac<span class=\"ls53 ws80\">tor.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 h7e ff90 fs39 fc9 sc0 ls46 ws89 gs161\">(ii<span class=\"_ _2\"></span>) Termi<span class=\"_ _2\"></span>nal<span class=\"_ _2\"></span>s <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff93 fs39 fc2 sc0 ls49 wsaa gs162\">Tank <span class=\"_ _2\"></span>stor<span class=\"_ _2\"></span>age<span class=\"_ _2\"></span> rent<span class=\"_ _2\"></span>als<span class=\"_ _2\"></span>, i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> mini<span class=\"_ _2\"></span>mum<span class=\"_ _2\"></span> gua<span class=\"_ _2\"></span>rante<span class=\"_ _2\"></span>ed t<span class=\"_ _2\"></span>hro<span class=\"_ _2\"></span>ugh<span class=\"_ _2\"></span>puts<span class=\"_ _2\"></span>, ar<span class=\"_ _2\"></span>e re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>nised<span class=\"_ _2\"></span> o<span class=\"_ _2\"></span>ver t<span class=\"_ _2\"></span>he </div><div class=\"t m0 hac ff93 fs39 fc2 sc0 ls2f ws2f gs163\">contractual peri<span class=\"_ _2\"></span>od during whic<span class=\"_ _2\"></span>h the service<span class=\"_ _2\"></span>s are rendered. T<span class=\"_ _2\"></span>hese c<span class=\"_ _2\"></span>harges are mostl<span class=\"_ _2\"></span>y <span class=\"ls49 wsaa\">due<span class=\"_ _2\"></span> at t<span class=\"_ _2\"></span>he </span></div><div class=\"t m0 hac ff93 fs39 fc2 sc0 ls54 ws70 gs164\">beginning of<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls4b ws49\">t<span class=\"_ _2\"></span>he mo<span class=\"_ _2\"></span>nth t<span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>which <span class=\"_ _2\"></span>such <span class=\"_ _2\"></span>char<span class=\"_ _2\"></span>ges r<span class=\"_ _2\"></span>elat<span class=\"_ _2\"></span>e. <span class=\"ls49 ws7c\">O<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng r<span class=\"wsaa\">e<span class=\"_ _2\"></span>venu<span class=\"_ _2\"></span>e fro<span class=\"_ _2\"></span>m ad<span class=\"_ _2\"></span>diti<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>al t<span class=\"_ _2\"></span>hroug<span class=\"_ _2\"></span>hpu<span class=\"_ _2\"></span>t </span></span></span></span></div><div class=\"t m0 hac ff93 fs39 fc2 sc0 ls48 ws72 gs165\">fees<span class=\"ls1 ws0\">, <span class=\"ls49 ws78\">ancillary<span class=\"_ _2\"></span> <span class=\"wsaa\">fees,<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> rail<span class=\"_ _2\"></span>car<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>orag<span class=\"_ _2\"></span>e, l<span class=\"_ _2\"></span>oadi<span class=\"_ _2\"></span>ng, <span class=\"_ _2\"></span>swit<span class=\"_ _2\"></span>chi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>othe<span class=\"_ _2\"></span>r</span></span> </span>fees<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">based<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>actual<span class=\"_ _2\"></span> u<span class=\"_ _2\"></span>sage <span class=\"_ _2\"></span>are<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 hac ff93 fs39 fc2 sc0 ls2f ws92 gs166\">recognised at<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">the po<span class=\"_ _2\"></span>int i<span class=\"_ _2\"></span>n ti<span class=\"_ _2\"></span>me <span class=\"_ _2\"></span>whe<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>hose <span class=\"_ _2\"></span>ser<span class=\"_ _2\"></span>vice<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> del<span class=\"_ _2\"></span>iver<span class=\"_ _2\"></span>ed.<span class=\"_ _2\"></span></span> </span></div><div class=\"t m0 h7e ff97 fs39 fc9 sc0 ls1 ws0 gs168\">(<span class=\"_ _1\"></span>i<span class=\"ls4a ws95\">ii) Tank Cont<span class=\"_ _2\"></span>ainers </span> </div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls2f ws2f gs169\">Transportation r<span class=\"_ _2\"></span>evenue is reco<span class=\"_ _2\"></span>gnised upon deli<span class=\"_ _2\"></span>very of ser<span class=\"_ _2\"></span>vices in accord<span class=\"_ _2\"></span>ance with t<span class=\"_ _2\"></span>he agreement </div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls49 wsaa gs16a\">with<span class=\"_ _2\"></span> cust<span class=\"_ _2\"></span>omer<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>and is<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>og<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d over<span class=\"_ _2\"></span> ti<span class=\"_ _2\"></span>me u<span class=\"_ _2\"></span>sing<span class=\"_ _2\"></span> a me<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> pr<span class=\"_ _2\"></span>ogre<span class=\"_ _2\"></span>ss. <span class=\"_ _2\"></span>For<span class=\"_ _2\"></span> ta<span class=\"_ _2\"></span>nk co<span class=\"_ _2\"></span>ntai<span class=\"_ _2\"></span>ner<span class=\"_ _2\"></span> </div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls54 ws83 gs16b\">shipments<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls48 ws32\">in p<span class=\"_ _2\"></span>rogres<span class=\"_ _2\"></span>s at t<span class=\"_ _2\"></span>he end <span class=\"_ _2\"></span>of a peri<span class=\"_ _2\"></span>od, the <span class=\"_ _2\"></span>uncert<span class=\"_ _2\"></span>ainty and t<span class=\"_ _2\"></span>he depe<span class=\"_ _2\"></span>ndence o<span class=\"_ _2\"></span>n esti<span class=\"_ _2\"></span>mates ar<span class=\"_ _2\"></span>e </span></span></div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls49 wsaa gs16c\">great<span class=\"_ _2\"></span>er t<span class=\"_ _2\"></span>han f<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nali<span class=\"_ _2\"></span>sed m<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s. T<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>se<span class=\"_ _2\"></span>s a pe<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>cent<span class=\"_ _2\"></span>age o<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he est<span class=\"_ _2\"></span>im<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> rev<span class=\"_ _2\"></span>enue<span class=\"_ _2\"></span> </div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls4b ws49 gs16d\">for t<span class=\"_ _2\"></span>he <span class=\"ws77\">shi<span class=\"_ _2\"></span>p<span class=\"ls48 ws72\">men<span class=\"_ _2\"></span>t <span class=\"ls49 wsaa\">using t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> perce<span class=\"_ _2\"></span>ntag<span class=\"_ _2\"></span>e o<span class=\"_ _2\"></span>f eff<span class=\"_ _2\"></span>ort<span class=\"_ _2\"></span> (<span class=\"ff99 ls1 ws0\">\u2018</span>inp<span class=\"_ _2\"></span>ut me<span class=\"_ _2\"></span>thod<span class=\"_ _2\"></span><span class=\"ff99 ls1 ws0\">\u2019</span>) req<span class=\"_ _2\"></span>uire<span class=\"_ _2\"></span>d at<span class=\"_ _2\"></span> ori<span class=\"_ _2\"></span>gin a<span class=\"_ _2\"></span>nd d<span class=\"_ _2\"></span>est<span class=\"_ _2\"></span>inati<span class=\"_ _2\"></span>on.<span class=\"_ _2\"></span> </span></span></span></div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls48 ws72 gs16e\">Demurrage <span class=\"ls49 wsaa\">and<span class=\"_ _2\"></span> othe<span class=\"_ _2\"></span>r re<span class=\"_ _2\"></span>ve<span class=\"_ _2\"></span>nue<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e unc<span class=\"_ _2\"></span>ertai<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> elem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws92\">re<span class=\"_ _2\"></span>venue and are recognised when incurred </span></span></span></div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls49 wsaa gs16f\">and g<span class=\"_ _2\"></span>ener<span class=\"_ _2\"></span>ally<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span>voic<span class=\"_ _2\"></span>ed at<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> end<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> <span class=\"ls61 ws89\">the<span class=\"ls1 ws0\"> </span></span><span class=\"ws78\">month.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 h7e ff97 fs39 fc9 sc0 ls46 ws92 gs170\">(iv<span class=\"_ _2\"></span>) SSF<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls49 wsaa gs171\">Oper<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng r<span class=\"ls48 ws72\">ev<span class=\"_ _2\"></span>enue <span class=\"ls54 ws83\">is<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>nised<span class=\"_ _2\"></span> w<span class=\"_ _2\"></span>hen<span class=\"_ _2\"></span> perf<span class=\"_ _2\"></span>orma<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> obli<span class=\"_ _2\"></span>gati<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e sat<span class=\"_ _2\"></span>isfi<span class=\"_ _2\"></span>ed b<span class=\"_ _2\"></span>y tr<span class=\"_ _2\"></span>ans<span class=\"_ _2\"></span>ferri<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>co<span class=\"_ _2\"></span>ntrol<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> </span></span></span></span></div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls53 ws80 gs172\">goods<span class=\"ls1 ws0\"> </span>or<span class=\"ls1 ws0\"> a<span class=\"_ _1\"></span> <span class=\"ls48 ws32\">service<span class=\"_ _2\"></span> to the c<span class=\"_ _2\"></span>ustomer<span class=\"_ _2\"></span>. Where<span class=\"_ _2\"></span> the terms<span class=\"_ _2\"></span> of sal<span class=\"_ _2\"></span>e <span class=\"ls49 ws78\">are<span class=\"_ _2\"></span></span></span> <span class=\"ls49 wsaa\">free o<span class=\"_ _2\"></span>n b<span class=\"_ _2\"></span>oard<span class=\"_ _2\"></span>, <span class=\"ws78\">op<span class=\"_ _2\"></span>era<span class=\"_ _2\"></span>ting<span class=\"_ _2\"></span> </span>revenu<span class=\"_ _2\"></span>e is<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls53 ws0 gs173\">recog<span class=\"_ _2\"></span>nised <span class=\"_ _2\"></span>on disp<span class=\"_ _2\"></span>atch <span class=\"_ _2\"></span>of pr<span class=\"_ _2\"></span>oducts t<span class=\"_ _2\"></span>o t<span class=\"_ _2\"></span>he cust<span class=\"_ _2\"></span>omer. <span class=\"ls49 ws7c\">O<span class=\"_ _2\"></span>pe<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ng r<span class=\"ls48 ws32\">e<span class=\"_ _2\"></span>venue i<span class=\"_ _2\"></span>s</span></span><span class=\"ls1\"> <span class=\"_ _1\"></span><span class=\"ls48 ws32\">r<span class=\"_ _2\"></span>ecognised <span class=\"_ _2\"></span>on deli<span class=\"_ _2\"></span>very </span></span></div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls49 wsaa gs174\">wher<span class=\"_ _2\"></span>e the<span class=\"_ _2\"></span> ter<span class=\"_ _2\"></span>ms <span class=\"_ _2\"></span>of s<span class=\"_ _2\"></span>ale i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>ude c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s, i<span class=\"_ _2\"></span>nsur<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span>, fr<span class=\"_ _2\"></span>eig<span class=\"_ _2\"></span>ht a<span class=\"_ _2\"></span>nd d<span class=\"_ _2\"></span>esti<span class=\"_ _2\"></span>nati<span class=\"_ _2\"></span>on d<span class=\"_ _2\"></span>uty<span class=\"_ _2\"></span> paid<span class=\"_ _2\"></span>. T<span class=\"_ _2\"></span>he am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> </div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls2f ws92 gs175\">recorded as<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">revenu<span class=\"_ _2\"></span>e i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>all <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>sed a<span class=\"_ _2\"></span>ccor<span class=\"_ _2\"></span>ding<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>o t<span class=\"_ _2\"></span>he te<span class=\"_ _2\"></span>rms o<span class=\"_ _2\"></span>f s<span class=\"_ _2\"></span>ale<span class=\"_ _2\"></span>, inc<span class=\"_ _2\"></span>ludi<span class=\"_ _2\"></span>ng </span></span></div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls49 ws7c gs176\">shipp<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> and ha<span class=\"_ _2\"></span>ndli<span class=\"_ _2\"></span>ng co<span class=\"_ _2\"></span><span class=\"ls54 ws70\">sts billed to customers, and<span class=\"ls1 ws0\"> <span class=\"ls57 wsad\">af<span class=\"_ _1\"></span>ter de<span class=\"_ _1\"></span>duct<span class=\"_ _1\"></span>ions f<span class=\"_ _1\"></span>or cla<span class=\"_ _1\"></span>ims o<span class=\"_ _1\"></span>r return<span class=\"_ _1\"></span>s of go<span class=\"_ _1\"></span>ods, </span></span></span></div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls49 wsaa gs177\">rebat<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>allo<span class=\"_ _2\"></span>wanc<span class=\"_ _2\"></span>es ag<span class=\"_ _2\"></span>ai<span class=\"_ _2\"></span>nst t<span class=\"_ _2\"></span>he p<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>ce of<span class=\"_ _2\"></span> go<span class=\"_ _2\"></span>ods.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h7e ff97 fs39 fc9 sc0 ls46 ws92 gs178\">(v) S<span class=\"_ _2\"></span>tolt<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls4c wsaa\">Nielsen Gas</span> </span></div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls49 wsaa gs179\">Reve<span class=\"_ _2\"></span>nues<span class=\"_ _2\"></span> from<span class=\"_ _2\"></span> tim<span class=\"_ _2\"></span>e ch<span class=\"_ _2\"></span>art<span class=\"_ _2\"></span>ers<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> bar<span class=\"_ _2\"></span>eboat<span class=\"_ _2\"></span> ch<span class=\"_ _2\"></span>arter<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e a<span class=\"_ _2\"></span>cco<span class=\"_ _2\"></span>unted<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>r as<span class=\"_ _2\"></span> ope<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ng l<span class=\"_ _2\"></span>ease<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd ar<span class=\"_ _2\"></span>e </div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls2f ws2f gs17a\">recognised on a<span class=\"_ _2\"></span> straight<span class=\"ls1 ws0\">-<span class=\"ls48 ws32\">line ba<span class=\"_ _2\"></span>sis over<span class=\"_ _2\"></span> the per<span class=\"_ _2\"></span>iods of<span class=\"_ _2\"></span> such ch<span class=\"_ _2\"></span>arters, a<span class=\"_ _2\"></span>s service<span class=\"_ _2\"></span> is perf<span class=\"_ _2\"></span>ormed.<span class=\"_ _2\"></span> For th<span class=\"_ _2\"></span>e </span></span></div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls49 wsaa gs17b\">LNG <span class=\"_ _2\"></span>sales<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> bu<span class=\"_ _2\"></span>nker<span class=\"_ _2\"></span>ing s<span class=\"_ _2\"></span>ervi<span class=\"_ _2\"></span>ce<span class=\"_ _2\"></span>s, op<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> rev<span class=\"_ _2\"></span>enue<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> r<span class=\"ls53 ws0\">ec<span class=\"_ _2\"></span>ognise<span class=\"_ _2\"></span>d upon<span class=\"_ _2\"></span> compl<span class=\"_ _2\"></span>etion <span class=\"_ _2\"></span>of LN<span class=\"_ _2\"></span>G </span></div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls48 ws32 gs17c\">bunkering <span class=\"_ _2\"></span>operatio<span class=\"_ _2\"></span>ns, whereb<span class=\"_ _2\"></span>y th<span class=\"_ _2\"></span>e Group s<span class=\"_ _2\"></span>upplies L<span class=\"_ _2\"></span>NG to <span class=\"_ _2\"></span>a custo<span class=\"_ _2\"></span>mer thro<span class=\"_ _2\"></span>ugh either<span class=\"_ _2\"></span> a spot<span class=\"_ _2\"></span> or </div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls49 wsaa gs17d\">cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>affr<span class=\"_ _2\"></span>eig<span class=\"_ _2\"></span>htme<span class=\"_ _2\"></span>nt.<span class=\"_ _195\"> </span><span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 ha6 ff97 fs3c fcb sc0 ls5b ws8e gs17f\">Acc<span class=\"_ _3\"></span>ounti<span class=\"_ _1\"></span>ng p<span class=\"_ _1\"></span><span class=\"ls6d wsa9\">olicy<span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 h7e ff97 fs39 fc9 sc0 ls46 ws6f gs180\">(i) Tan<span class=\"_ _2\"></span>kers<span class=\"ls1 ws0\">  </span></div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls49 ws78 gs181\">Tanke<span class=\"_ _2\"></span>rs<span class=\"ff99 ls1 ws0\">\u2019<span class=\"ff98\"> </span></span><span class=\"wsaa\">operati<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> expe<span class=\"_ _2\"></span>nses<span class=\"_ _2\"></span> incl<span class=\"_ _2\"></span>ude <span class=\"_ _2\"></span>co<span class=\"_ _2\"></span>sts d<span class=\"_ _2\"></span>irect<span class=\"_ _2\"></span>ly <span class=\"_ _2\"></span>asso<span class=\"_ _2\"></span>ciat<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>wit<span class=\"_ _2\"></span>h t<span class=\"_ _2\"></span>he op<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>mai<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> </span></div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls48 ws32 gs182\">the parc<span class=\"_ _2\"></span>el tanker<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">and bar<span class=\"_ _2\"></span>ge<span class=\"_ _2\"></span>s<span class=\"ls30 wsab\">. Th<span class=\"_ _2\"></span>ese</span></span> <span class=\"ls49 wsaa\">type<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> cost<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>e <span class=\"ls61 ws89\">tim<span class=\"_ _2\"></span>e</span></span> <span class=\"_ _1\"></span><span class=\"ls2f ws92\">c<span class=\"_ _2\"></span>harter costs,<span class=\"ls1 ws0\"> <span class=\"ls4b ws77\">the <span class=\"ls48 ws32\">service el<span class=\"_ _2\"></span>ement of<span class=\"_ _2\"></span> </span></span></span></span></span></div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls48 ws72 gs183\">leases,<span class=\"ls1 ws0\"> <span class=\"ls54 ws70\">bunker fuel costs, port costs, manning co<span class=\"_ _2\"></span>sts (for example, ship personnel and benefit<span class=\"_ _2\"></span>s), sublet </span></span></div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls2f ws2f gs184\">costs, repair <span class=\"_ _2\"></span><span class=\"ls49 ws78\">and<span class=\"ls1 ws0\"> </span><span class=\"wsaa\">mai<span class=\"_ _2\"></span>ntena<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>tan<span class=\"_ _2\"></span>kers<span class=\"_ _2\"></span>, co<span class=\"_ _2\"></span>mmis<span class=\"_ _2\"></span>sio<span class=\"_ _2\"></span>n exp<span class=\"_ _2\"></span>ense<span class=\"_ _2\"></span>s, b<span class=\"_ _2\"></span>argi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span></span>tr<span class=\"_ _2\"></span>an<span class=\"ls1 ws0\">s-<span class=\"_ _1\"></span><span class=\"ls54 ws83\">shipment<span class=\"ls1 ws0\"> <span class=\"ls4b ws77\">costs<span class=\"_ _2\"></span>, </span></span></span></span></span></div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls49 wsaa gs185\">canal<span class=\"_ _2\"></span> tra<span class=\"_ _2\"></span>nsi<span class=\"_ _2\"></span>t co<span class=\"_ _2\"></span>sts,<span class=\"_ _2\"></span> ins<span class=\"_ _2\"></span>ur<span class=\"_ _2\"></span>ance p<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>mium<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> ot<span class=\"_ _2\"></span>her s<span class=\"_ _2\"></span>hip<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span>owning<span class=\"_ _2\"></span> ex<span class=\"_ _2\"></span>pens<span class=\"_ _2\"></span>es (<span class=\"_ _2\"></span>for <span class=\"_ _2\"></span>exa<span class=\"_ _2\"></span>mple<span class=\"_ _2\"></span>, pr<span class=\"_ _2\"></span>ovi<span class=\"_ _2\"></span>sio<span class=\"_ _2\"></span>ns, </div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls54 ws70 gs186\">ship supplies, cleaning<span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">and</span> <span class=\"ls2f ws2f\">cargo survey co<span class=\"_ _2\"></span>sts).</span> </span></div><div class=\"t m0 h7e ff97 fs39 fc9 sc0 ls49 ws78 gs187\">(ii)<span class=\"ls1 ws0\"> <span class=\"ls46 ws6f\">Term<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>als</span>  </span></div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls2f ws4e gs188\">Terminals<span class=\"ff99 ls1 ws0\">\u2019<span class=\"ff98\"> <span class=\"_ _1\"></span>o<span class=\"ls49 wsaa\">perati<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>expe<span class=\"_ _2\"></span>nse<span class=\"_ _2\"></span>s c<span class=\"_ _2\"></span>onsi<span class=\"_ _2\"></span>st of<span class=\"_ _2\"></span> cos<span class=\"_ _2\"></span>ts <span class=\"_ _2\"></span>dire<span class=\"_ _2\"></span>ctl<span class=\"_ _2\"></span>y as<span class=\"_ _2\"></span>soci<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>d wit<span class=\"_ _2\"></span>h t<span class=\"_ _2\"></span>he op<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> </span></span></span></div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls49 wsaa gs189\">mai<span class=\"_ _2\"></span>ntena<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he te<span class=\"_ _2\"></span>rmi<span class=\"_ _2\"></span>nals.<span class=\"_ _2\"></span> Th<span class=\"_ _2\"></span>ese <span class=\"_ _2\"></span>type<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>costs<span class=\"_ _2\"></span> incl<span class=\"_ _2\"></span>ude <span class=\"ws78\">p<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>sonne<span class=\"_ _2\"></span>l<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">and employ<span class=\"_ _2\"></span>ee benef<span class=\"_ _2\"></span>it cost<span class=\"_ _2\"></span>s, </span></span></span></div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls54 ws75 gs18a\">facilities and <span class=\"ws83\">u<span class=\"_ _1\"></span>tilities<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">(incl<span class=\"_ _2\"></span>udi<span class=\"_ _2\"></span>ng r<span class=\"_ _2\"></span>eal<span class=\"_ _2\"></span> est<span class=\"_ _2\"></span>ate t<span class=\"_ _2\"></span>axe<span class=\"_ _2\"></span>s)<span class=\"_ _2\"></span>, rai<span class=\"_ _2\"></span>l ex<span class=\"_ _2\"></span>pens<span class=\"_ _2\"></span>es<span class=\"_ _2\"></span>, ma<span class=\"_ _2\"></span>inte<span class=\"_ _2\"></span>nance<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> rep<span class=\"_ _2\"></span>air <span class=\"_ _2\"></span>co<span class=\"_ _2\"></span>sts, </span></span></span></div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls49 ws78 gs18b\">regul<span class=\"_ _2\"></span>ato<span class=\"_ _2\"></span>ry <span class=\"ls30 ws52\">costs<span class=\"_ _2\"></span><span class=\"ls2f ws2f\">, storage co<span class=\"_ _2\"></span>sts and other <span class=\"_ _2\"></span>operating expen<span class=\"_ _2\"></span>ses (for <span class=\"_ _2\"></span>example, insurance<span class=\"_ _2\"></span>, <span class=\"ls48 ws72\">electric<span class=\"_ _2\"></span>ity, </span></span></span></div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls49 wsaa gs18c\">surve<span class=\"_ _2\"></span>y c<span class=\"_ _2\"></span>osts<span class=\"_ _2\"></span>, cle<span class=\"_ _2\"></span>ani<span class=\"_ _2\"></span>ng, l<span class=\"_ _2\"></span>ine<span class=\"_ _2\"></span> ha<span class=\"_ _2\"></span>ul,<span class=\"_ _2\"></span> rail<span class=\"_ _2\"></span> cost<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span><span class=\"ws78\">and<span class=\"ls1 ws0\"> </span></span>tan<span class=\"_ _2\"></span>k car<span class=\"_ _2\"></span> <span class=\"ls4b ws77\">hir<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">costs).<span class=\"_ _2\"></span></span> </span></span></div><div class=\"t m0 h7e ff97 fs39 fc9 sc0 ls4a ws95 gs18d\">(iii) Tank Cont<span class=\"_ _2\"></span>ainers <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls49 wsaa gs18e\">Tank C<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ai<span class=\"_ _2\"></span>ners op<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ating<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>ses of<span class=\"_ _2\"></span> Ta<span class=\"_ _2\"></span>nk C<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ainer<span class=\"_ _2\"></span>s c<span class=\"_ _2\"></span>onsi<span class=\"_ _2\"></span>st <span class=\"_ _2\"></span>of co<span class=\"_ _2\"></span>sts<span class=\"_ _2\"></span> direc<span class=\"_ _2\"></span>tl<span class=\"_ _2\"></span>y as<span class=\"_ _2\"></span>soci<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>d wit<span class=\"_ _2\"></span>h th<span class=\"_ _2\"></span>e </div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls49 wsaa gs18f\">oper<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n an<span class=\"_ _2\"></span>d mai<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e ta<span class=\"_ _2\"></span>nk co<span class=\"_ _2\"></span>ntai<span class=\"_ _2\"></span>ner<span class=\"_ _2\"></span>s. T<span class=\"_ _2\"></span>hes<span class=\"_ _2\"></span>e typ<span class=\"_ _2\"></span>es of<span class=\"_ _2\"></span> c<span class=\"_ _2\"></span>osts<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 ws7c\">i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>ude oce<span class=\"_ _2\"></span>an an<span class=\"_ _2\"></span>d inl<span class=\"_ _2\"></span>and </span></span></div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls2f ws92 gs190\">freight charges, <span class=\"ls49 wsaa\">rep<span class=\"_ _2\"></span>ositi<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ning<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>ank c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ainer<span class=\"_ _2\"></span>s,<span class=\"_ _2\"></span> tank<span class=\"_ _2\"></span> re<span class=\"_ _2\"></span>ntal<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>enses<span class=\"_ _2\"></span>, c<span class=\"_ _2\"></span>leani<span class=\"_ _2\"></span>ng c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s, <span class=\"_ _2\"></span><span class=\"ls54 ws70\">ancillary billable </span></span></div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls30 wsab gs191\">costs (<span class=\"_ _2\"></span>ser<span class=\"_ _2\"></span>vice<span class=\"_ _2\"></span>s purc<span class=\"_ _2\"></span>hased<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> charg<span class=\"_ _2\"></span>ed<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">thro<span class=\"_ _2\"></span>ugh t<span class=\"_ _2\"></span>o cu<span class=\"_ _2\"></span>sto<span class=\"_ _2\"></span>mers<span class=\"_ _2\"></span>), m<span class=\"_ _2\"></span>aint<span class=\"_ _2\"></span>ena<span class=\"_ _2\"></span>nce a<span class=\"_ _2\"></span>nd r<span class=\"_ _2\"></span>epai<span class=\"_ _2\"></span>r c<span class=\"_ _2\"></span>osts<span class=\"_ _2\"></span>, </span></span></div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls61 ws89 gs192\">storage <span class=\"ls49 ws7c\">and othe<span class=\"_ _2\"></span>r move<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls48 ws72\">related <span class=\"ls30 wsab\">costs,<span class=\"_ _2\"></span> insu<span class=\"_ _2\"></span>rance<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> other<span class=\"_ _2\"></span> ope<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ng expe<span class=\"_ _2\"></span>nses (<span class=\"_ _2\"></span>for<span class=\"_ _2\"></span></span></span> <span class=\"ls54 ws75\">e<span class=\"_ _1\"></span>x<span class=\"_ _2\"></span>ample, depot </span></span></span></div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls48 ws32 gs193\">expenses,<span class=\"_ _2\"></span> agency fe<span class=\"_ _2\"></span>e<span class=\"ls49 wsaa\">s a<span class=\"_ _2\"></span>nd r<span class=\"_ _2\"></span>efurb<span class=\"_ _2\"></span>ishi<span class=\"_ _2\"></span>ng c<span class=\"_ _2\"></span>os<span class=\"_ _2\"></span>ts).</span><span class=\"ls49 wsaa\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 h7e ff97 fs39 fc9 sc0 ls49 ws78 gs194\">(iv)<span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">SSF</span>  </span></div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls2f ws2f gs195\">SSF operating <span class=\"_ _2\"></span>expenses include <span class=\"_ _2\"></span>production c<span class=\"_ _2\"></span>ost of goods<span class=\"_ _2\"></span> sold (<span class=\"_ _2\"></span><span class=\"ff99 ls1 ws0\">\u2018<span class=\"_ _1\"></span><span class=\"ff98 ls53 ws80\">P<span class=\"_ _2\"></span>COGS<span class=\"ff99 ls1 ws0\">\u2019</span><span class=\"ls57 ws74\">),<span class=\"_ _1\"></span> whi<span class=\"_ _1\"></span>ch are<span class=\"_ _1\"></span> cos<span class=\"_ _1\"></span>ts in<span class=\"_ _1\"></span>curr<span class=\"_ _1\"></span>ed for<span class=\"_ _1\"></span> </span></span></span></div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls49 wsaa gs196\">the p<span class=\"_ _2\"></span>rod<span class=\"_ _2\"></span>uctio<span class=\"_ _2\"></span>n of<span class=\"_ _2\"></span> ju<span class=\"_ _2\"></span>veni<span class=\"_ _2\"></span>le fi<span class=\"_ _2\"></span>sh<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> the s<span class=\"_ _2\"></span>ub<span class=\"_ _2\"></span>seque<span class=\"_ _2\"></span>nt gr<span class=\"_ _2\"></span>owi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> of j<span class=\"_ _2\"></span>uve<span class=\"_ _2\"></span>nile f<span class=\"_ _2\"></span>ish<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>o ad<span class=\"_ _2\"></span>ult f<span class=\"_ _2\"></span>is<span class=\"_ _2\"></span>h re<span class=\"_ _2\"></span>ady f<span class=\"_ _2\"></span>or </div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls49 wsaa gs197\">mark<span class=\"_ _2\"></span>et. T<span class=\"_ _2\"></span>hes<span class=\"_ _2\"></span>e PCO<span class=\"_ _2\"></span>GS i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>ude<span class=\"_ _2\"></span> cost<span class=\"_ _2\"></span>s to p<span class=\"_ _2\"></span>rod<span class=\"_ _2\"></span>uce<span class=\"_ _2\"></span> egg<span class=\"_ _2\"></span>s for<span class=\"_ _2\"></span> fer<span class=\"_ _2\"></span>tili<span class=\"_ _2\"></span>sati<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n, o<span class=\"_ _2\"></span>nsit<span class=\"_ _2\"></span>e lab<span class=\"_ _2\"></span>our<span class=\"_ _2\"></span>/per<span class=\"_ _2\"></span>sonn<span class=\"_ _2\"></span>el c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s, </div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls48 ws32 gs198\">feed cost<span class=\"_ _2\"></span>s, energy<span class=\"_ _2\"></span> cos<span class=\"ls49 wsaa\">t<span class=\"_ _2\"></span>s, co<span class=\"_ _2\"></span>ntr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span> gro<span class=\"_ _2\"></span>wer f<span class=\"_ _2\"></span>ees<span class=\"_ _2\"></span>, rep<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> mai<span class=\"_ _2\"></span>nten<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> cost<span class=\"_ _2\"></span>s, o<span class=\"_ _2\"></span>xyg<span class=\"_ _2\"></span>en c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd </span></div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls48 ws32 gs199\">veterinary<span class=\"_ _2\"></span> fees. <span class=\"ls4b ws77\">O<span class=\"_ _2\"></span>ther<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">costs included withi<span class=\"_ _2\"></span>n operating exp<span class=\"_ _2\"></span>enses are co<span class=\"_ _2\"></span>sts of fish p<span class=\"_ _2\"></span>urchased from <span class=\"_ _2\"></span>third </span></span></span></div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls49 wsaa gs19a\">parti<span class=\"_ _2\"></span>es,<span class=\"_ _2\"></span> frei<span class=\"_ _2\"></span>ght<span class=\"_ _2\"></span> cost<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>o c<span class=\"_ _2\"></span>ustom<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>s, al<span class=\"_ _2\"></span>l pr<span class=\"_ _2\"></span>im<span class=\"_ _2\"></span>ary a<span class=\"_ _2\"></span>nd se<span class=\"_ _2\"></span>con<span class=\"_ _2\"></span>dar<span class=\"_ _2\"></span>y pr<span class=\"_ _2\"></span>oce<span class=\"_ _2\"></span>ssing<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> pac<span class=\"_ _2\"></span>kagi<span class=\"_ _2\"></span>ng c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s, </div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls49 wsaa gs19b\">distr<span class=\"_ _2\"></span>ib<span class=\"_ _2\"></span>utio<span class=\"_ _2\"></span>n and<span class=\"_ _2\"></span> ha<span class=\"_ _2\"></span>ndli<span class=\"_ _2\"></span>ng c<span class=\"_ _2\"></span>osts<span class=\"_ _2\"></span>, s<span class=\"_ _2\"></span>torag<span class=\"_ _2\"></span>e,<span class=\"_ _2\"></span> impo<span class=\"_ _2\"></span>rt d<span class=\"_ _2\"></span>utie<span class=\"_ _2\"></span>s,<span class=\"_ _2\"></span> inve<span class=\"_ _2\"></span>nto<span class=\"_ _2\"></span>ry w<span class=\"_ _2\"></span>rit<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\">-</span><span class=\"ws7c\">downs<span class=\"_ _2\"></span>, mort<span class=\"_ _2\"></span>alit<span class=\"_ _2\"></span>y los<span class=\"_ _2\"></span>ses a<span class=\"_ _2\"></span>nd </span></div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls49 wsaa gs19c\">fair<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue mo<span class=\"_ _2\"></span>vem<span class=\"_ _2\"></span>ents.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h7e ff97 fs39 fc9 sc0 ls46 ws6f gs19d\">(v) St<span class=\"_ _2\"></span>olt<span class=\"ls1 ws0\">-<span class=\"ls4c wsaa\">Nielsen Gas</span> </span></div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls1 ws0 gs19e\">S<span class=\"ls53 ws80\">tolt</span>-<span class=\"_ _1\"></span><span class=\"ff99 ls48 ws7d\">Ni<span class=\"_ _2\"></span>elsen Gas\u2019 <span class=\"ff98 ls49 wsaa\">op<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> expe<span class=\"_ _2\"></span>nses<span class=\"_ _2\"></span> <span class=\"ls2f ws2f\">include co<span class=\"_ _2\"></span>sts directly <span class=\"_ _2\"></span>associated wit<span class=\"_ _2\"></span>h <span class=\"ls54 ws83\">its<span class=\"ls1 ws0\"> </span>operation<span class=\"ls1 ws0\">s<span class=\"_ _1\"></span> a<span class=\"ls30 wsab\">s well a<span class=\"_ _2\"></span>s </span></span></span></span></span></span></div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls4b ws77 gs19f\">the<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">maint<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>ance of<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he pr<span class=\"_ _2\"></span>ope<span class=\"_ _2\"></span>rty<span class=\"_ _2\"></span>, pl<span class=\"_ _2\"></span>ant a<span class=\"_ _2\"></span>nd eq<span class=\"_ _2\"></span>uip<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>ese<span class=\"_ _2\"></span> type<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>sts i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>e LN<span class=\"_ _2\"></span>G p<span class=\"_ _2\"></span>urc<span class=\"_ _2\"></span>hase<span class=\"_ _2\"></span>s, </span></span></div><div class=\"t m0 hac ff98 fs39 fc2 sc0 ls30 wsab gs1a0\">transp<span class=\"_ _2\"></span>orta<span class=\"_ _2\"></span>tion c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s, <span class=\"ls48 ws32\">ship <span class=\"_ _2\"></span>operati<span class=\"_ _2\"></span>ng expen<span class=\"_ _2\"></span>ses, <span class=\"ls54 ws83\">depreciatio<span class=\"_ _2\"></span>n <span class=\"ls49 ws7c\">and amort<span class=\"_ _2\"></span>isat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> </span></span>and other <span class=\"_ _2\"></span>expens<span class=\"_ _2\"></span>es.<span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 ha6 ffae fs3c fcb sc0 ls5a wsb4 gs1b1\">Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h7e ffae fs39 fc9 sc0 ls46 ws6f gs1b2\">(i) <span class=\"ls72 ws32\">Finance exp<span class=\"_ _1\"></span>enses<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 hac ffb0 fs39 fc2 sc0 ls49 wsaa gs1b3\">Fina<span class=\"_ _2\"></span>nce <span class=\"_ _2\"></span>expe<span class=\"_ _2\"></span>nses <span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>e rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> in t<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e s<span class=\"_ _2\"></span>tat<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span> as<span class=\"_ _2\"></span> they<span class=\"_ _2\"></span> accr<span class=\"_ _2\"></span>ue<span class=\"_ _2\"></span>, usi<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>he e<span class=\"_ _2\"></span>ffec<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>ve int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st </div><div class=\"t m0 hac ffb0 fs39 fc2 sc0 ls53 ws80 gs1b4\">method.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ffb0 fs39 fc2 sc0 ls49 wsaa gs1b5\">For f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>ce l<span class=\"_ _2\"></span>eas<span class=\"_ _2\"></span>es,<span class=\"_ _2\"></span> leas<span class=\"_ _2\"></span>e pa<span class=\"_ _2\"></span>yme<span class=\"_ _2\"></span>nts <span class=\"_ _2\"></span>are <span class=\"_ _2\"></span>app<span class=\"_ _2\"></span>ortio<span class=\"_ _2\"></span>ned<span class=\"_ _2\"></span> bet<span class=\"_ _2\"></span>wee<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> fina<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> char<span class=\"_ _2\"></span>ge <span class=\"_ _2\"></span>and t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>red<span class=\"_ _2\"></span>uctio<span class=\"_ _2\"></span>n o<span class=\"_ _2\"></span>f </div><div class=\"t m0 hac ffb0 fs39 fc2 sc0 ls54 ws70 gs1b6\">the outstanding liability. The finance charge <span class=\"ls73 wsb5\">is<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">allocate<span class=\"_ _2\"></span>d to<span class=\"_ _2\"></span> e<span class=\"_ _2\"></span>ach pe<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>od dur<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> the l<span class=\"_ _2\"></span>ea<span class=\"_ _2\"></span>se t<span class=\"_ _2\"></span>erm<span class=\"_ _2\"></span> so <span class=\"_ _2\"></span>as to<span class=\"_ _2\"></span> </span></span></span></div><div class=\"t m0 hac ffb0 fs39 fc2 sc0 ls2f ws2f gs1b7\">produce a co<span class=\"_ _2\"></span>nstant periodic<span class=\"_ _2\"></span> rate of intere<span class=\"_ _2\"></span>st on the re<span class=\"_ _2\"></span>maining balan<span class=\"_ _2\"></span>ce of<span class=\"ls1 ws0\"> <span class=\"ls54 ws70\">the liability.<span class=\"_ _195\"> </span></span></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h7e ffae fs39 fc9 sc0 ls4a ws81 gs1b9\">(ii) Fina<span class=\"_ _2\"></span>nce <span class=\"ls46 ws6f\">in<span class=\"_ _2\"></span>come<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 hac ffb0 fs39 fc2 sc0 ls48 ws32 gs1ba\">Finance i<span class=\"_ _2\"></span>ncome is <span class=\"_ _2\"></span>recogni<span class=\"_ _2\"></span>sed in t<span class=\"_ _2\"></span>he inc<span class=\"_ _2\"></span>ome statem<span class=\"_ _2\"></span>ent as i<span class=\"_ _2\"></span>t accr<span class=\"_ _2\"></span>ues, u<span class=\"_ _2\"></span>sing the ef<span class=\"_ _2\"></span>fectiv<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ffb0 fs39 fc2 sc0 ls48 ws7d gs1bb\">interest met<span class=\"_ _2\"></span>hod.<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 ha6 ffb5 fs3c fcb sc0 ls5b ws8b gs1bd\">Acc<span class=\"_ _3\"></span>ounti<span class=\"_ _1\"></span>ng <span class=\"ls1 ws0\">p<span class=\"_ _1\"></span><span class=\"ls6d wsa9\">olic<span class=\"_ _1\"></span>y<span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 hac ffb6 fs39 fc2 sc0 ls2f ws2f gs1be\">Income tax repre<span class=\"_ _2\"></span>sents the <span class=\"_ _2\"></span>sum of current ta<span class=\"_ _2\"></span>x and deferred t<span class=\"_ _2\"></span>ax. Inc<span class=\"_ _2\"></span>ome tax is rec<span class=\"_ _2\"></span>ognised in th<span class=\"_ _2\"></span>e </div><div class=\"t m0 hac ffb6 fs39 fc2 sc0 ls61 wsac gs1bf\">income statement except to<span class=\"_ _2\"></span> the extent that it<span class=\"_ _2\"></span> relates <span class=\"ls5d ws92\">to<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls4c ws74\">ite<span class=\"_ _2\"></span>ms r<span class=\"ls48 ws32\">ec<span class=\"_ _2\"></span>ognised dir<span class=\"_ _2\"></span>ectly i<span class=\"_ _2\"></span>n equity <span class=\"_ _2\"></span>or o<span class=\"ls4b ws77\">t<span class=\"_ _2\"></span>her </span></span></span></span></span></div><div class=\"t m0 hac ffb6 fs39 fc2 sc0 ls2f ws2f gs1c0\">comprehensive in<span class=\"_ _2\"></span>come, in which <span class=\"_ _2\"></span>case <span class=\"ls49 wsaa\">t<span class=\"_ _2\"></span>he t<span class=\"_ _2\"></span>ax tr<span class=\"_ _2\"></span>eatm<span class=\"_ _2\"></span>ent f<span class=\"_ _2\"></span>ol<span class=\"_ _2\"></span>lows<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e acc<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> tre<span class=\"_ _2\"></span>atme<span class=\"_ _2\"></span>nt f<span class=\"_ _2\"></span>or t<span class=\"_ _2\"></span>he </span></div><div class=\"t m0 hac ffb6 fs39 fc2 sc0 ls49 ws78 gs1c1\">under<span class=\"_ _2\"></span>lyi<span class=\"_ _2\"></span>ng<span class=\"ls1 ws0\"> <span class=\"ls48 ws72\">item</span>. </span></div><div class=\"t m0 hac ffb6 fs39 fc2 sc0 ls49 wsaa gs1c2\">Curre<span class=\"_ _2\"></span>nt t<span class=\"_ _2\"></span>ax i<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>he s<span class=\"_ _2\"></span>um of<span class=\"_ _2\"></span> tax<span class=\"_ _2\"></span> pay<span class=\"_ _2\"></span>able i<span class=\"_ _2\"></span>n <span class=\"_ _2\"></span>resp<span class=\"_ _2\"></span>ect <span class=\"_ _2\"></span>of t<span class=\"_ _2\"></span>he t<span class=\"_ _2\"></span>axab<span class=\"_ _2\"></span>le p<span class=\"_ _2\"></span>rof<span class=\"_ _2\"></span>it f<span class=\"_ _2\"></span>or t<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>nt y<span class=\"_ _2\"></span>ear<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> any<span class=\"_ _2\"></span> </div><div class=\"t m0 hac ffb6 fs39 fc2 sc0 ls49 wsaa gs1c3\">adjust<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>t to<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>ax pay<span class=\"_ _2\"></span>abl<span class=\"_ _2\"></span>e in <span class=\"_ _2\"></span>resp<span class=\"_ _2\"></span>ect<span class=\"_ _2\"></span> of p<span class=\"_ _2\"></span>revi<span class=\"_ _2\"></span>ous<span class=\"_ _2\"></span> year<span class=\"_ _2\"></span>s. T<span class=\"_ _2\"></span>ax<span class=\"_ _2\"></span>able i<span class=\"_ _2\"></span>nc<span class=\"_ _2\"></span>ome di<span class=\"_ _2\"></span>ffer<span class=\"_ _2\"></span>s f<span class=\"_ _2\"></span>rom p<span class=\"_ _2\"></span>rof<span class=\"_ _2\"></span>it <span class=\"_ _2\"></span>as re<span class=\"_ _2\"></span>por<span class=\"_ _2\"></span>ted<span class=\"_ _2\"></span> </div><div class=\"t m0 hac ffb6 fs39 fc2 sc0 ls49 wsaa gs1c4\">in t<span class=\"_ _2\"></span>he inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent b<span class=\"_ _2\"></span>ec<span class=\"_ _2\"></span>ause<span class=\"_ _2\"></span> it exc<span class=\"_ _2\"></span>lud<span class=\"_ _2\"></span>es it<span class=\"_ _2\"></span>em<span class=\"_ _2\"></span>s of <span class=\"_ _2\"></span>inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> or e<span class=\"_ _2\"></span>xpe<span class=\"_ _2\"></span>nse t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> are <span class=\"_ _2\"></span>tax<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span> or<span class=\"_ _2\"></span> </div><div class=\"t m0 hac ffb7 fs39 fc2 sc0 ls2f ws2f gs1c5\">deductible in <span class=\"_ _2\"></span>other years a<span class=\"_ _2\"></span>nd items t<span class=\"_ _2\"></span>hat are never t<span class=\"_ _2\"></span>axable or de<span class=\"_ _2\"></span>ductible. The <span class=\"_ _2\"></span>Group\u2019s liabilit<span class=\"_ _2\"></span>y for </div><div class=\"t m0 hac ffb6 fs39 fc2 sc0 ls49 wsaa gs1c6\">curre<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span> tax i<span class=\"_ _2\"></span>s c<span class=\"_ _2\"></span>alcul<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> usi<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>ax<span class=\"_ _2\"></span> rat<span class=\"_ _2\"></span>es t<span class=\"_ _2\"></span>hat <span class=\"_ _2\"></span>have<span class=\"_ _2\"></span> bee<span class=\"_ _2\"></span>n en<span class=\"_ _2\"></span>acte<span class=\"_ _2\"></span>d or<span class=\"_ _2\"></span> sub<span class=\"_ _2\"></span>stant<span class=\"_ _2\"></span>ive<span class=\"_ _2\"></span>ly e<span class=\"_ _2\"></span>nac<span class=\"_ _2\"></span>ted b<span class=\"_ _2\"></span>y t<span class=\"_ _2\"></span>he </div><div class=\"t m0 hac ffb6 fs39 fc2 sc0 ls49 wsaa gs1c7\">bala<span class=\"_ _2\"></span>nce s<span class=\"_ _2\"></span>hee<span class=\"_ _2\"></span>t dat<span class=\"_ _2\"></span>e.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ffb6 fs39 fc2 sc0 ls2f ws2f gs1c8\">The Group oper<span class=\"_ _2\"></span>ates in many t<span class=\"_ _2\"></span>erritories with<span class=\"_ _2\"></span> complex and <span class=\"_ _2\"></span>varied tax sy<span class=\"_ _2\"></span>stems.<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">Management<span class=\"_ _2\"></span> exercis<span class=\"_ _2\"></span>es </span></span></div><div class=\"t m0 hac ffb6 fs39 fc2 sc0 ls49 wsaa gs1c9\">judge<span class=\"_ _2\"></span>me<span class=\"_ _2\"></span>nt in r<span class=\"_ _2\"></span>el<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> leve<span class=\"_ _2\"></span>l <span class=\"_ _2\"></span>of<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">provision required i<span class=\"_ _2\"></span>n respect <span class=\"_ _2\"></span>of uncert<span class=\"_ _2\"></span>ain tax positi<span class=\"_ _2\"></span>ons. For </span></span></div><div class=\"t m0 hac ffb6 fs39 fc2 sc0 ls73 wsb6 gs1ca\">po<span class=\"_ _1\"></span>sit<span class=\"_ _1\"></span>ions<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>no<span class=\"_ _1\"></span>t agr<span class=\"_ _1\"></span>eed w<span class=\"_ _1\"></span>ith ta<span class=\"_ _1\"></span>x auth<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ities<span class=\"_ _1\"></span> whe<span class=\"_ _1\"></span>re dif<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>ent in<span class=\"_ _1\"></span>terp<span class=\"_ _1\"></span>reta<span class=\"_ _1\"></span>tion<span class=\"_ _1\"></span>s of<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls54 ws70\">legislation could lead to </span></span></div><div class=\"t m0 hac ffb6 fs39 fc2 sc0 ls1 ws0 gs1cb\">a<span class=\"_ _1\"></span> <span class=\"ls49 wsaa\">rang<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> outc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span>s, j<span class=\"_ _2\"></span>udge<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e mad<span class=\"_ _2\"></span>e f<span class=\"_ _2\"></span>or e<span class=\"_ _2\"></span>ach<span class=\"_ _2\"></span> posi<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>on co<span class=\"_ _2\"></span>nsi<span class=\"_ _2\"></span>deri<span class=\"_ _2\"></span>ng p<span class=\"_ _2\"></span>artic<span class=\"_ _2\"></span>ul<span class=\"_ _2\"></span>ar ci<span class=\"_ _2\"></span>rcu<span class=\"_ _2\"></span>mst<span class=\"_ _2\"></span>ances<span class=\"_ _2\"></span> </span></div><div class=\"t m0 hac ffb6 fs39 fc2 sc0 ls49 ws7c gs1cc\">and advi<span class=\"_ _2\"></span>ce<span class=\"_ _2\"></span> obtai<span class=\"_ _2\"></span>ned.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ffb6 fs39 fc2 sc0 ls48 ws32 gs1cd\">Deferred t<span class=\"_ _2\"></span>ax is t<span class=\"_ _2\"></span>he tax<span class=\"_ _2\"></span> expected t<span class=\"_ _2\"></span>o be pa<span class=\"_ _2\"></span>yable or<span class=\"_ _2\"></span> reco<span class=\"_ _2\"></span>verable o<span class=\"_ _2\"></span>n tempor<span class=\"_ _2\"></span>ary diffe<span class=\"_ _2\"></span>rences bet<span class=\"_ _2\"></span>ween t<span class=\"_ _2\"></span>he </div><div class=\"t m0 hac ffb6 fs39 fc2 sc0 ls49 wsaa gs1ce\">carryi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> amo<span class=\"_ _2\"></span>unt<span class=\"_ _2\"></span>s of a<span class=\"_ _2\"></span>sse<span class=\"_ _2\"></span>ts <span class=\"_ _2\"></span>and l<span class=\"_ _2\"></span>iab<span class=\"_ _2\"></span>ilit<span class=\"_ _2\"></span>ie<span class=\"_ _2\"></span>s for<span class=\"_ _2\"></span> fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al r<span class=\"_ _2\"></span>epor<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>ng p<span class=\"_ _2\"></span>urpo<span class=\"_ _2\"></span>ses <span class=\"_ _2\"></span>and t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>corr<span class=\"_ _2\"></span>esp<span class=\"_ _2\"></span>ondi<span class=\"_ _2\"></span>ng </div><div class=\"t m0 hac ffb6 fs39 fc2 sc0 ls49 wsaa gs1cf\">amou<span class=\"_ _2\"></span>nts u<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> in t<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>alc<span class=\"_ _2\"></span>ulati<span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>of t<span class=\"_ _2\"></span>axabl<span class=\"_ _2\"></span>e i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e. T<span class=\"_ _2\"></span>he f<span class=\"_ _2\"></span>oll<span class=\"_ _2\"></span><span class=\"ls2f ws2f\">owing <span class=\"_ _2\"></span>temporary differe<span class=\"_ _2\"></span>nces are not </span></div><div class=\"t m0 hac ffb6 fs39 fc2 sc0 ls53 ws0 gs1d0\">provid<span class=\"_ _2\"></span>ed for<span class=\"_ _2\"></span><span class=\"ls1\">: <span class=\"_ _1\"></span><span class=\"ls54 ws70\">the initial recognition of goodwill for<span class=\"_ _2\"></span> which no tax deduction is a<span class=\"_ _2\"></span>vailable<span class=\"ls1 ws0\">; <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">the i<span class=\"_ _2\"></span>nit<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> </span></span></span></span></div><div class=\"t m0 hac ffb6 fs39 fc2 sc0 ls49 ws7c gs1d1\">recog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> asset<span class=\"_ _2\"></span>s or li<span class=\"_ _2\"></span>abi<span class=\"_ _2\"></span>liti<span class=\"_ _2\"></span>es that<span class=\"_ _2\"></span> affe<span class=\"_ _2\"></span>ct<span class=\"_ _2\"></span> neit<span class=\"_ _2\"></span>her acc<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> nor<span class=\"_ _2\"></span> taxabl<span class=\"_ _2\"></span>e prof<span class=\"_ _2\"></span>it ot<span class=\"_ _2\"></span>her t<span class=\"_ _2\"></span>han<span class=\"_ _2\"></span> in a </div><div class=\"t m0 hac ffb6 fs39 fc2 sc0 ls49 wsaa gs1d2\">busi<span class=\"_ _2\"></span>ness<span class=\"_ _2\"></span> comb<span class=\"_ _2\"></span>i<span class=\"ws78\">n<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\">; <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">a<span class=\"_ _2\"></span>nd dif<span class=\"_ _2\"></span>fer<span class=\"_ _2\"></span>ence<span class=\"_ _2\"></span>s re<span class=\"_ _2\"></span>lati<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>o in<span class=\"_ _2\"></span>vest<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s in<span class=\"_ _2\"></span> sub<span class=\"_ _2\"></span>sidi<span class=\"_ _2\"></span>arie<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> ve<span class=\"_ _2\"></span>nture<span class=\"_ _2\"></span>s if<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></span></span></span></div><div class=\"t m0 hac ffb6 fs39 fc2 sc0 ls48 ws32 gs1d3\">it is prob<span class=\"_ _2\"></span>able t<span class=\"_ _2\"></span>hat the<span class=\"_ _2\"></span> tempora<span class=\"_ _2\"></span>ry diff<span class=\"_ _2\"></span>erence will<span class=\"_ _2\"></span> not re<span class=\"_ _2\"></span>verse i<span class=\"_ _2\"></span>n the fores<span class=\"_ _2\"></span>eeable f<span class=\"_ _2\"></span>uture <span class=\"_ _2\"></span>and the<span class=\"_ _2\"></span> Group </div><div class=\"t m0 hac ffb6 fs39 fc2 sc0 ls2f ws2f gs1d4\">can control t<span class=\"_ _2\"></span>he reversal. T<span class=\"_ _2\"></span>he amount of <span class=\"_ _2\"></span>deferred t<span class=\"_ _2\"></span>ax provided is b<span class=\"_ _2\"></span>ased on t<span class=\"_ _2\"></span>he expected m<span class=\"_ _2\"></span>anner of </div><div class=\"t m0 hac ffb6 fs39 fc2 sc0 ls48 ws32 gs1d5\">realisati<span class=\"_ _2\"></span>on or set<span class=\"_ _2\"></span>tlement<span class=\"_ _2\"></span> of<span class=\"ls1 ws0\"> <span class=\"ls49 ws7c\">the ca<span class=\"_ _2\"></span>rryi<span class=\"_ _2\"></span>ng am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> of asse<span class=\"_ _2\"></span>ts a<span class=\"_ _2\"></span>nd liab<span class=\"_ _2\"></span>il<span class=\"_ _2\"></span>itie<span class=\"_ _2\"></span>s, usi<span class=\"_ _2\"></span>ng tax<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span>s enact<span class=\"_ _2\"></span>ed o<span class=\"_ _2\"></span>r </span></span></div><div class=\"t m0 hac ffb6 fs39 fc2 sc0 ls49 wsaa gs1d6\">subst<span class=\"_ _2\"></span>anti<span class=\"_ _2\"></span>vely<span class=\"_ _2\"></span> e<span class=\"_ _2\"></span>nacte<span class=\"_ _2\"></span>d at<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e bal<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> <span class=\"ls48 ws72\">sheet<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>date.<span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 hac ffb6 fs39 fc2 sc0 ls49 ws7c gs1d7\">The car<span class=\"_ _2\"></span>ryi<span class=\"_ _2\"></span>ng amo<span class=\"_ _2\"></span>unt<span class=\"_ _2\"></span> of defer<span class=\"_ _2\"></span>red<span class=\"_ _2\"></span> tax as<span class=\"_ _2\"></span>sets<span class=\"_ _2\"></span> is revi<span class=\"_ _2\"></span>ewe<span class=\"_ _2\"></span>d at eac<span class=\"_ _2\"></span>h bal<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> sheet<span class=\"_ _2\"></span> date<span class=\"_ _2\"></span> and rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> </div><div class=\"t m0 hac ffb6 fs39 fc2 sc0 ls49 wsaa gs1d8\">only<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he ex<span class=\"_ _2\"></span>tent<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>hat i<span class=\"_ _2\"></span>t i<span class=\"_ _2\"></span>s pr<span class=\"_ _2\"></span>obab<span class=\"_ _2\"></span>le th<span class=\"_ _2\"></span>at s<span class=\"_ _2\"></span>uff<span class=\"_ _2\"></span>icie<span class=\"_ _2\"></span>nt f<span class=\"_ _2\"></span>utur<span class=\"_ _2\"></span>e t<span class=\"_ _2\"></span>axabl<span class=\"_ _2\"></span>e i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e wi<span class=\"_ _2\"></span>ll b<span class=\"_ _2\"></span>e av<span class=\"_ _2\"></span>ail<span class=\"_ _2\"></span>able <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>all<span class=\"_ _2\"></span>ow th<span class=\"_ _2\"></span>e </div><div class=\"t m0 hac ffb6 fs39 fc2 sc0 ls48 ws7d gs1d9\">asset to be utilis<span class=\"_ _2\"></span>ed based on <span class=\"ls1 ws0\">B<span class=\"ls2f ws4e\">oard</span>-<span class=\"_ _1\"></span><span class=\"ls49 wsaa\">ap<span class=\"_ _2\"></span>pro<span class=\"_ _2\"></span>ved<span class=\"_ _2\"></span> budg<span class=\"_ _2\"></span>ets<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> up<span class=\"ls1 ws0\">-<span class=\"ls61 ws89\">to</span>-</span>date e<span class=\"_ _2\"></span>xpect<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span> of f<span class=\"_ _2\"></span>utur<span class=\"_ _2\"></span>e t<span class=\"_ _2\"></span>radi<span class=\"_ _2\"></span>ng.<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 hac ffb6 fs39 fc2 sc0 ls48 ws32 gs1da\">Deferred t<span class=\"_ _2\"></span>ax asset<span class=\"_ _2\"></span>s and li<span class=\"_ _2\"></span>abiliti<span class=\"_ _2\"></span>es are <span class=\"_ _2\"></span>offset w<span class=\"_ _2\"></span>hen ther<span class=\"_ _2\"></span>e is <span class=\"_ _2\"></span>a legally<span class=\"_ _2\"></span> enforc<span class=\"_ _2\"></span>eable rig<span class=\"_ _2\"></span>ht to <span class=\"_ _2\"></span>set off<span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">and<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 hac ffb6 fs39 fc2 sc0 ls4b ws49 gs1db\">where<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">balance<span class=\"_ _2\"></span>s rel<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> sam<span class=\"_ _2\"></span>e tax<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>auth<span class=\"_ _2\"></span>ority<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> Curr<span class=\"_ _2\"></span>ent t<span class=\"_ _2\"></span>ax <span class=\"_ _2\"></span>asset<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>are se<span class=\"_ _2\"></span>t of<span class=\"_ _2\"></span>f <span class=\"_ _2\"></span>again<span class=\"_ _2\"></span>st </span></span></div><div class=\"t m0 hac ffb6 fs39 fc2 sc0 ls2f ws4e gs1dc\">curren<span class=\"ls49 wsaa\">t tax<span class=\"_ _2\"></span> li<span class=\"_ _2\"></span>abili<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>es w<span class=\"_ _2\"></span>hen t<span class=\"_ _2\"></span>hey<span class=\"_ _2\"></span> re<span class=\"_ _2\"></span>late t<span class=\"_ _2\"></span>o i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e tax<span class=\"_ _2\"></span>es l<span class=\"_ _2\"></span>evi<span class=\"_ _2\"></span>ed b<span class=\"_ _2\"></span>y t<span class=\"_ _2\"></span>he s<span class=\"_ _2\"></span>ame t<span class=\"_ _2\"></span>axat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> aut<span class=\"_ _2\"></span>hori<span class=\"_ _2\"></span>ty<span class=\"_ _2\"></span><span class=\"ls61 wsac\">. T<span class=\"ls4b ws77\">he </span></span></span></div><div class=\"t m0 hac ffb6 fs39 fc2 sc0 ls49 wsaa gs1dd\">Group<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ends<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> sett<span class=\"_ _2\"></span>le it<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>curr<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> tax<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>ets<span class=\"_ _2\"></span> and l<span class=\"_ _2\"></span>iab<span class=\"_ _2\"></span>ilit<span class=\"_ _2\"></span>ies <span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>a net<span class=\"_ _2\"></span> basi<span class=\"_ _2\"></span>s<span class=\"ls61 ws89\">. <span class=\"ls73 wsb6\">The<span class=\"_ _1\"></span> Com<span class=\"_ _1\"></span>pany is<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 hac ffb6 fs39 fc2 sc0 ls57 wsad gs1de\">in<span class=\"_ _1\"></span>corpo<span class=\"_ _1\"></span>rate<span class=\"_ _1\"></span>d in Be<span class=\"_ _1\"></span>rmuda<span class=\"ls1 ws0\">,<span class=\"_ _3\"></span> <span class=\"ls49 ws7c\">whic<span class=\"_ _2\"></span>h is a no<span class=\"_ _2\"></span>n</span>-<span class=\"ls54 ws75\">taxable juris<span class=\"_ _1\"></span>dictio<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls48 ws32\">for th<span class=\"_ _2\"></span>e years e<span class=\"_ _2\"></span>nded Nov<span class=\"_ _2\"></span>ember 30,<span class=\"_ _2\"></span> 202<span class=\"_ _2\"></span><span class=\"ls54 ws83\">5 </span></span></span></span></span></div><div class=\"t m0 hac ffb6 fs39 fc2 sc0 ls49 wsaa gs1df\">and 2<span class=\"_ _2\"></span>02<span class=\"ls54 ws83\">4.</span><span class=\"ls54 ws83\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 ha6 ffc8 fs3c fcb sc0 ls5a wsb4 gs210\">Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ffc9 fs39 fc2 sc0 ls49 ws7c gs211\">Cash an<span class=\"_ _2\"></span>d cas<span class=\"_ _2\"></span>h equi<span class=\"_ _2\"></span>vale<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span> comp<span class=\"_ _2\"></span>rise<span class=\"_ _2\"></span> cash<span class=\"_ _2\"></span> bala<span class=\"_ _2\"></span>nces an<span class=\"_ _2\"></span>d sh<span class=\"_ _2\"></span>ort<span class=\"ls1 ws0\">-<span class=\"ls54 ws70\">term time deposits with a<span class=\"_ _2\"></span>n original </span></span></div><div class=\"t m0 hac ffc9 fs39 fc2 sc0 ls49 wsaa gs212\">durat<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>of l<span class=\"_ _2\"></span>ess<span class=\"_ _2\"></span> tha<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>hree<span class=\"_ _2\"></span> mont<span class=\"_ _2\"></span>hs,<span class=\"_ _2\"></span> whi<span class=\"_ _2\"></span>ch <span class=\"_ _2\"></span>are s<span class=\"_ _2\"></span>ubjec<span class=\"_ _2\"></span>t t<span class=\"_ _2\"></span>o a<span class=\"_ _2\"></span>n in<span class=\"_ _2\"></span>signi<span class=\"_ _2\"></span>fi<span class=\"_ _2\"></span>cant r<span class=\"_ _2\"></span>isk<span class=\"_ _2\"></span> of c<span class=\"_ _2\"></span>hang<span class=\"_ _2\"></span>es i<span class=\"_ _2\"></span>n v<span class=\"_ _2\"></span>alu<span class=\"_ _2\"></span>e.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 ha6 ffc8 fs3c fcb sc0 ls5a wsb4 gs216\">Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ffc9 fs39 fc2 sc0 ls49 wsaa gs217\">Trade<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> ot<span class=\"_ _2\"></span>her r<span class=\"_ _2\"></span>ecei<span class=\"_ _2\"></span>vab<span class=\"_ _2\"></span>les <span class=\"_ _2\"></span>are<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> init<span class=\"_ _2\"></span>iall<span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>at tr<span class=\"_ _2\"></span>ans<span class=\"_ _2\"></span>acti<span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>pric<span class=\"_ _2\"></span>e and<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> s<span class=\"_ _2\"></span>ubseq<span class=\"_ _2\"></span>uentl<span class=\"_ _2\"></span>y <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ffc9 fs39 fc2 sc0 ls49 wsaa gs218\">stat<span class=\"_ _2\"></span>ed at<span class=\"_ _2\"></span> am<span class=\"_ _2\"></span>orti<span class=\"_ _2\"></span>sed c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>, l<span class=\"_ _2\"></span>ess <span class=\"_ _2\"></span>allo<span class=\"_ _2\"></span>wance<span class=\"_ _2\"></span>s f<span class=\"_ _2\"></span>or<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">expected credit<span class=\"_ _2\"></span> losses. T<span class=\"_ _2\"></span>he Group measure<span class=\"_ _2\"></span>s the</span> </span></div><div class=\"t m0 hac ffc9 fs39 fc2 sc0 ls48 ws32 gs219\">loss allo<span class=\"_ _2\"></span>wance for<span class=\"_ _2\"></span> trade r<span class=\"_ _2\"></span>eceiv<span class=\"_ _2\"></span>ables <span class=\"_ _2\"></span>at an amo<span class=\"_ _2\"></span>unt equal t<span class=\"_ _2\"></span>o the<span class=\"_ _2\"></span> lifeti<span class=\"_ _2\"></span>me expect<span class=\"_ _2\"></span>ed credit<span class=\"_ _2\"></span> loss<span class=\"_ _2\"></span>es. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ffc9 fs39 fc2 sc0 ls2f ws2f gs21a\">The amount of e<span class=\"_ _2\"></span>xpected credit l<span class=\"_ _2\"></span>osses (or rev<span class=\"_ _2\"></span>ersal) that i<span class=\"_ _2\"></span>s required <span class=\"_ _2\"></span>to adjust the lo<span class=\"_ _2\"></span>ss allowa<span class=\"_ _2\"></span>nce <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ffc9 fs39 fc2 sc0 ls49 wsaa gs21b\">at t<span class=\"_ _2\"></span>he re<span class=\"_ _2\"></span>por<span class=\"_ _2\"></span>ting<span class=\"_ _2\"></span> dat<span class=\"_ _2\"></span>e to<span class=\"_ _2\"></span> its<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>ogn<span class=\"_ _2\"></span>ised <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nt i<span class=\"_ _2\"></span>s r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d a<span class=\"_ _2\"></span>s an<span class=\"_ _2\"></span> imp<span class=\"_ _2\"></span>airm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> loss<span class=\"_ _2\"></span> or<span class=\"_ _2\"></span> a re<span class=\"_ _2\"></span>ver<span class=\"_ _2\"></span>sal <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ffc9 fs39 fc2 sc0 ls49 wsaa gs21c\">of a<span class=\"_ _2\"></span>n imp<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> los<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> <span class=\"ls73 wsb6\">in<span class=\"_ _1\"></span> the<span class=\"_ _1\"></span> i<span class=\"ls49 wsaa\">nc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> stat<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt.<span class=\"_ _2\"></span> Trad<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>and ot<span class=\"_ _2\"></span>her<span class=\"_ _2\"></span> re<span class=\"_ _2\"></span>ceiv<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> wr<span class=\"_ _2\"></span>itte<span class=\"_ _2\"></span>n off<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></span></span></span></div><div class=\"t m0 hac ffc9 fs39 fc2 sc0 ls48 ws32 gs21d\">(either pa<span class=\"_ _2\"></span>rtiall<span class=\"_ _2\"></span>y or in f<span class=\"_ _2\"></span>ull) wh<span class=\"_ _2\"></span>en there i<span class=\"_ _2\"></span>s no re<span class=\"_ _2\"></span>asonable<span class=\"_ _2\"></span> expectati<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> recovery.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ffc9 fs39 fc2 sc0 ls2f ws2f gs21e\">Contract assets<span class=\"_ _2\"></span> represent the<span class=\"_ _2\"></span> right to re<span class=\"_ _2\"></span>ceive considerati<span class=\"_ _2\"></span>on for goods<span class=\"_ _2\"></span> or services t<span class=\"_ _2\"></span>ransferred to <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ffc9 fs39 fc2 sc0 ls61 wsac gs21f\">the customer. If the G<span class=\"_ _2\"></span>roup partially s<span class=\"_ _2\"></span>atisfies its performance<span class=\"_ _2\"></span> obligations by tr<span class=\"_ _2\"></span>ansferring goods <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ffc9 fs39 fc2 sc0 ls2f ws2f gs220\">or services t<span class=\"_ _2\"></span>o a customer bef<span class=\"_ _2\"></span>ore the cu<span class=\"_ _2\"></span>stomer pays c<span class=\"_ _2\"></span>onsideration <span class=\"_ _2\"></span>or before paymen<span class=\"_ _2\"></span>t is due, <span class=\"_ _2\"></span>a </div><div class=\"t m0 hac ffc9 fs39 fc2 sc0 ls2f ws2f gs221\">contract asset<span class=\"ls1 ws0\"> <span class=\"ls30 wsab\">is r<span class=\"_ _2\"></span>ecogni<span class=\"_ _2\"></span>sed f<span class=\"_ _2\"></span>or</span> <span class=\"ls49 wsaa\">the <span class=\"_ _2\"></span>earned<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>nsi<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n th<span class=\"_ _2\"></span>at i<span class=\"_ _2\"></span>s cond<span class=\"_ _2\"></span>iti<span class=\"_ _2\"></span>onal<span class=\"_ _2\"></span> o<span class=\"_ _2\"></span>n furt<span class=\"_ _2\"></span>her<span class=\"_ _2\"></span> per<span class=\"_ _2\"></span>form<span class=\"_ _2\"></span>anc<span class=\"_ _2\"></span>e </span></span></div><div class=\"t m0 hac ffc9 fs39 fc2 sc0 ls54 ws70 gs222\">obligations being satisfied. <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ffcb fs39 fc2 sc0 ls49 wsaa gs223\">A tra<span class=\"_ _2\"></span>de r<span class=\"_ _2\"></span>ecei<span class=\"_ _2\"></span>vabl<span class=\"_ _2\"></span>e r<span class=\"_ _2\"></span>epre<span class=\"_ _2\"></span>sent<span class=\"_ _2\"></span>s the<span class=\"_ _2\"></span> G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span>\u2019s ri<span class=\"_ _2\"></span>ght<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> an <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>nsid<span class=\"_ _2\"></span>era<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n whe<span class=\"_ _2\"></span>re <span class=\"_ _2\"></span>all p<span class=\"_ _2\"></span>erfo<span class=\"_ _2\"></span>rma<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> </div><div class=\"t m0 hac ffc9 fs39 fc2 sc0 ls54 ws70 gs224\">obligations have been satisfied.<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">Accrued revenue are tr<span class=\"_ _2\"></span>ade receiv<span class=\"_ _2\"></span>ables which h<span class=\"_ _2\"></span>ave</span> <span class=\"ls48 ws32\">not yet bee<span class=\"_ _2\"></span>n </span></span></div><div class=\"t m0 hac ffc9 fs39 fc2 sc0 ls30 wsab gs225\">invoic<span class=\"_ _2\"></span>ed to<span class=\"_ _2\"></span> cust<span class=\"_ _2\"></span>omer<span class=\"_ _2\"></span>s.<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ffc9 fs39 fc2 sc0 ls2f ws2f gs226\">Expected credit<span class=\"_ _2\"></span> losses on tr<span class=\"_ _2\"></span>ade receivable<span class=\"_ _2\"></span>s are calculate<span class=\"_ _2\"></span>d by usi<span class=\"_ _2\"></span>ng the provisio<span class=\"_ _2\"></span>n matrix appro<span class=\"_ _2\"></span>ach. </div><div class=\"t m0 hac ffc9 fs39 fc2 sc0 ls2f ws2f gs227\">The provision m<span class=\"_ _2\"></span>atrix is determi<span class=\"_ _2\"></span>ned based o<span class=\"_ _2\"></span>n historical <span class=\"_ _2\"></span>observed default rat<span class=\"_ _2\"></span>es over the exp<span class=\"_ _2\"></span>ected life <span class=\"_ _2\"></span>of </div><div class=\"t m0 hac ffc9 fs39 fc2 sc0 ls49 wsaa gs228\">the t<span class=\"_ _2\"></span>rad<span class=\"_ _2\"></span>e re<span class=\"_ _2\"></span>cei<span class=\"_ _2\"></span>vabl<span class=\"_ _2\"></span>es a<span class=\"_ _2\"></span>nd is<span class=\"_ _2\"></span> adj<span class=\"_ _2\"></span>us<span class=\"_ _2\"></span>ted f<span class=\"_ _2\"></span>or f<span class=\"_ _2\"></span>orwar<span class=\"_ _2\"></span>d<span class=\"ls1 ws0\">-<span class=\"ls53 ws80\">loo<span class=\"ls73 wsac\">king<span class=\"_ _1\"></span> est<span class=\"_ _1\"></span>ima<span class=\"_ _1\"></span>tes.<span class=\"ls1 ws0\"> </span></span></span></span></div><div class=\"t m0 hac ffc9 fs39 fc2 sc0 ls2f ws2f gs229\">Provision for expec<span class=\"_ _2\"></span>ted credit<span class=\"_ _2\"></span> losses is m<span class=\"_ _2\"></span>ade when the Gr<span class=\"_ _2\"></span>oup <span class=\"ls48 ws32\">does<span class=\"_ _2\"></span> not ex<span class=\"_ _2\"></span>pect to<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls49 ws7c\">collect<span class=\"_ _2\"></span> all am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span>s </span></span></span></div><div class=\"t m0 hac ffc9 fs39 fc2 sc0 ls49 wsaa gs22a\">due.<span class=\"_ _2\"></span> Chang<span class=\"_ _2\"></span>es<span class=\"_ _2\"></span> in e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on b<span class=\"_ _2\"></span>asi<span class=\"_ _2\"></span>s or<span class=\"ls1 ws0\"> <span class=\"ls73 wsb5\">in</span> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">eco<span class=\"_ _2\"></span>nomi<span class=\"_ _2\"></span>c c<span class=\"_ _2\"></span>ondi<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>ns co<span class=\"_ _2\"></span>uld<span class=\"_ _2\"></span> lead<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span>a c<span class=\"_ _2\"></span>hang<span class=\"_ _2\"></span>e i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> le<span class=\"_ _2\"></span>vel o<span class=\"_ _2\"></span>f </span></span></div><div class=\"t m0 hac ffc9 fs39 fc2 sc0 ls2f ws2f gs22b\">provision recorded<span class=\"_ _2\"></span> and, conseq<span class=\"_ _2\"></span>uently, on the c<span class=\"_ _2\"></span>harge or <span class=\"_ _2\"></span>credit to pr<span class=\"_ _2\"></span>ofit or lo<span class=\"_ _2\"></span>ss. <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ffc9 fs39 fc2 sc0 ls48 ws32 gs22c\">Impairment<span class=\"_ _2\"></span> on recei<span class=\"_ _2\"></span>vables<span class=\"_ _2\"></span> is meas<span class=\"_ _2\"></span>ured as lif<span class=\"_ _2\"></span>etime <span class=\"_ _2\"></span>expected<span class=\"_ _2\"></span> credi<span class=\"_ _2\"></span>t losses.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 ha6 ffcf fs3c fcb sc0 ls5a wsb4 gs22f\">Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ffd3 fs39 fc2 sc0 ls49 wsaa gs230\">Invent<span class=\"_ _2\"></span>ori<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>are<span class=\"_ _2\"></span> meas<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>d at t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> low<span class=\"_ _2\"></span>er of<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>st <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>net r<span class=\"_ _2\"></span>eali<span class=\"_ _2\"></span>sab<span class=\"_ _2\"></span>le v<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>ue. T<span class=\"_ _2\"></span>he co<span class=\"_ _2\"></span>st <span class=\"_ _2\"></span>of i<span class=\"_ _2\"></span>nvent<span class=\"_ _2\"></span>ori<span class=\"_ _2\"></span>es i<span class=\"_ _2\"></span>s </div><div class=\"t m0 hac ffd3 fs39 fc2 sc0 ls48 ws32 gs231\">based on<span class=\"_ _2\"></span> the first<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls49 wsaa\">in, fi<span class=\"_ _2\"></span>rst<span class=\"_ _2\"></span></span>-<span class=\"_ _1\"></span><span class=\"ls54 ws70\">out prin<span class=\"_ _2\"></span>ciple and<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>es<span class=\"_ _2\"></span> expe<span class=\"_ _2\"></span>ndit<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>ncurr<span class=\"_ _2\"></span>ed i<span class=\"_ _2\"></span>n ac<span class=\"_ _2\"></span>qui<span class=\"_ _2\"></span>ring<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> inv<span class=\"_ _2\"></span>ento<span class=\"_ _2\"></span>rie<span class=\"_ _2\"></span>s </span></span></span></span></div><div class=\"t m0 hac ffd3 fs39 fc2 sc0 ls49 wsaa gs232\">and b<span class=\"_ _2\"></span>ring<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> them<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>hei<span class=\"_ _2\"></span>r ex<span class=\"_ _2\"></span>ist<span class=\"_ _2\"></span>ing l<span class=\"_ _2\"></span>ocat<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>and<span class=\"_ _2\"></span> con<span class=\"_ _2\"></span>diti<span class=\"_ _2\"></span>on.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ffd3 fs39 fc2 sc0 ls48 ws32 gs233\">Net reali<span class=\"_ _2\"></span>sable <span class=\"_ _2\"></span>value is t<span class=\"_ _2\"></span>he estim<span class=\"_ _2\"></span>ated sel<span class=\"_ _2\"></span>ling pri<span class=\"_ _2\"></span>ce in th<span class=\"_ _2\"></span>e ordi<span class=\"_ _2\"></span>nary co<span class=\"_ _2\"></span>urse of b<span class=\"_ _2\"></span>usiness<span class=\"_ _2\"></span>, less th<span class=\"_ _2\"></span>e </div><div class=\"t m0 hac ffd3 fs39 fc2 sc0 ls54 ws75 gs234\">estimated costs <span class=\"_ _1\"></span>of completion and selling<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">exp<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>ses.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 hac ffd3 fs39 fc2 sc0 ls54 ws70 gs235\">The cost of items transferred fro<span class=\"_ _2\"></span>m biological assets to inventory is the fair <span class=\"_ _2\"></span>value less costs to sell <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ffd3 fs39 fc2 sc0 ls49 wsaa gs236\">at t<span class=\"_ _2\"></span>he dat<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> h<span class=\"_ _2\"></span>arve<span class=\"_ _2\"></span>st.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ffd3 fs39 fc2 sc0 ls54 ws75 gs237\">Biological assets primarily<span class=\"_ _1\"></span> comprised turbot and sole, wh<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ch include <span class=\"_ _1\"></span>fis<span class=\"_ _2\"></span>h with <span class=\"_ _1\"></span>and without an active </div><div class=\"t m0 hac ffd4 fs39 fc2 sc0 ls49 wsaa gs238\">mark<span class=\"_ _2\"></span>et fo<span class=\"_ _2\"></span>r s<span class=\"_ _2\"></span>ale (<span class=\"_ _2\"></span>\u2018mat<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>\u2019 a<span class=\"_ _2\"></span>nd \u2018j<span class=\"_ _2\"></span>uveni<span class=\"_ _2\"></span>le<span class=\"_ _2\"></span>\u2019 fi<span class=\"_ _2\"></span>sh),<span class=\"_ _2\"></span> whic<span class=\"_ _2\"></span>h <span class=\"_ _2\"></span>are f<span class=\"_ _2\"></span>arme<span class=\"_ _2\"></span>d by<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up. <span class=\"_ _2\"></span><span class=\"ffd3 ls1 ws0\"> </span></div><div class=\"t m0 hac ffd4 fs39 fc2 sc0 ls54 ws70 gs239\">Turbot is considered \u2018mature\u2019 when it weighs m<span class=\"_ _2\"></span>ore than 300 <span class=\"ffd3 ls48 ws72\">gra<span class=\"_ _2\"></span>mmes</span><span class=\"ffd3\">, <span class=\"_ _2\"></span>while juvenile turbot weighs </span></div><div class=\"t m0 hac ffd3 fs39 fc2 sc0 ls54 ws70 gs23a\">less than 300 <span class=\"ls4c ws79\">gramme<span class=\"_ _2\"></span>s<span class=\"ls48 ws32\">. Sole i<span class=\"_ _2\"></span>s consider<span class=\"_ _2\"></span>ed mat<span class=\"_ _2\"></span>ure at 2<span class=\"_ _2\"></span>00<span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">gramm<span class=\"_ _2\"></span>es<span class=\"wsaa\">. Al<span class=\"_ _2\"></span>l m<span class=\"_ _2\"></span>atu<span class=\"_ _2\"></span>re t<span class=\"_ _2\"></span>urb<span class=\"_ _2\"></span>ot an<span class=\"_ _2\"></span>d sol<span class=\"_ _2\"></span>e ar<span class=\"_ _2\"></span>e </span></span></span></span></span></div><div class=\"t m0 hac ffd3 fs39 fc2 sc0 ls49 wsaa gs23b\">held <span class=\"_ _2\"></span>at f<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue le<span class=\"_ _2\"></span>ss c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s to<span class=\"_ _2\"></span> sel<span class=\"_ _2\"></span>l a<span class=\"_ _2\"></span>nd co<span class=\"_ _2\"></span>sts <span class=\"_ _2\"></span>rel<span class=\"_ _2\"></span>ated t<span class=\"_ _2\"></span>o p<span class=\"_ _2\"></span>ack<span class=\"_ _2\"></span>agi<span class=\"_ _2\"></span>ng. <span class=\"_ _2\"></span>Gains<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>sses f<span class=\"_ _2\"></span>rom<span class=\"_ _2\"></span> ch<span class=\"_ _2\"></span>anges<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n </div><div class=\"t m0 hac ffd3 fs39 fc2 sc0 ls49 ws7c gs23c\">fair<span class=\"_ _2\"></span> value<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">are</span> <span class=\"_ _1\"></span><span class=\"ls48 ws32\">recog<span class=\"_ _2\"></span>nised in t<span class=\"_ _2\"></span>he inc<span class=\"_ _2\"></span>ome statem<span class=\"_ _2\"></span>ent. Fair<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue is det<span class=\"_ _2\"></span>ermined <span class=\"_ _2\"></span>on the b<span class=\"_ _2\"></span>asis of<span class=\"_ _2\"></span> quoted </span></span></div><div class=\"t m0 hac ffd3 fs39 fc2 sc0 ls54 ws70 gs23d\">prices in the princip<span class=\"ls49 wsaa\">al m<span class=\"_ _2\"></span>ark<span class=\"_ _2\"></span>et f<span class=\"_ _2\"></span>or t<span class=\"_ _2\"></span>he fi<span class=\"_ _2\"></span>sh<span class=\"_ _2\"></span>, wh<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span> suc<span class=\"_ _2\"></span>h inf<span class=\"_ _2\"></span>orm<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> <span class=\"ls73 wsb5\">is<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">avail<span class=\"_ _2\"></span>able.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue </span></span></span></span></span></div><div class=\"t m0 h98 ffd3 fs39 fc2 sc0 ls49 wsaa gs23e\">adjust<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>t o<span class=\"_ _2\"></span>n bi<span class=\"_ _2\"></span>ologi<span class=\"_ _2\"></span>cal<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>ets<span class=\"_ _2\"></span> ha<span class=\"_ _2\"></span>s no<span class=\"_ _2\"></span> cas<span class=\"_ _2\"></span>h imp<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>doe<span class=\"_ _2\"></span>s not<span class=\"_ _2\"></span><span class=\"ffce ls1 ws0\"> </span>affect<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e re<span class=\"_ _2\"></span>sult<span class=\"_ _2\"></span> of op<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>ns </div><div class=\"t m0 hac ffd3 fs39 fc2 sc0 ls54 ws70 gs23f\">before unrealised fair<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">value a<span class=\"_ _2\"></span>dj<span class=\"_ _2\"></span>ustme<span class=\"_ _2\"></span>nts.<span class=\"_ _2\"></span></span> </span></div><div class=\"t m0 hac ffd3 fs39 fc2 sc0 ls49 wsaa gs240\">Juve<span class=\"_ _2\"></span>nile<span class=\"_ _2\"></span> tur<span class=\"_ _2\"></span>bot <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>sol<span class=\"_ _2\"></span>e are <span class=\"_ _2\"></span>car<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>ed at<span class=\"_ _2\"></span> cost<span class=\"_ _2\"></span> le<span class=\"_ _2\"></span>ss pr<span class=\"_ _2\"></span>ovi<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span>on for<span class=\"_ _2\"></span> im<span class=\"_ _2\"></span>pai<span class=\"_ _2\"></span>rment<span class=\"_ _2\"></span>, a<span class=\"_ _2\"></span>s man<span class=\"_ _2\"></span>agem<span class=\"_ _2\"></span>ent d<span class=\"_ _2\"></span>oes<span class=\"_ _2\"></span> not<span class=\"_ _2\"></span> </div><div class=\"t m0 hac ffd3 fs39 fc2 sc0 ls54 ws70 gs241\">believe that reliable fair values exist.<span class=\"ls1 ws0\"> </span>This approach is<span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">used</span> <span class=\"ls49 wsaa\">to me<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>e j<span class=\"_ _2\"></span>uve<span class=\"_ _2\"></span>nile t<span class=\"_ _2\"></span>urb<span class=\"_ _2\"></span>ot <span class=\"_ _2\"></span>and s<span class=\"_ _2\"></span>ole<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span> the </span></span></div><div class=\"t m0 hac ffd3 fs39 fc2 sc0 ls30 ws73 gs242\">followi<span class=\"_ _2\"></span>ng rea<span class=\"_ _2\"></span>son<span class=\"_ _2\"></span>s:<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ffd5 fs41 fc5 sc0 ls1 ws0 gs243\">\u2022<span class=\"ffd6\"> <span class=\"_ _b\"> </span><span class=\"ffd3 fs39 fc2 ls2f ws2f\">There is no active ma<span class=\"_ _2\"></span>rket for ju<span class=\"_ _2\"></span>venile turbot <span class=\"_ _2\"></span>or sole.<span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 hac ffd5 fs41 fc5 sc0 ls1 ws0 gs244\">\u2022<span class=\"ffd6\"> <span class=\"_ _b\"> </span><span class=\"ffd3 fs39 fc2 ls53\">A non<span class=\"ls1\">-<span class=\"ls49 wsaa\">activ<span class=\"_ _2\"></span>e mar<span class=\"_ _2\"></span>ket<span class=\"_ _2\"></span> pric<span class=\"_ _2\"></span>e b<span class=\"_ _2\"></span>ased<span class=\"_ _2\"></span> on<span class=\"_ _2\"></span> disc<span class=\"_ _2\"></span>ounte<span class=\"_ _2\"></span>d c<span class=\"_ _2\"></span>ash f<span class=\"_ _2\"></span>low<span class=\"_ _2\"></span>s r<span class=\"_ _2\"></span>equi<span class=\"_ _2\"></span>res <span class=\"_ _2\"></span>a num<span class=\"_ _2\"></span>ber<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>var<span class=\"_ _2\"></span>iable<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd </span></span></span></span></div><div class=\"t m0 h98 ffd3 fs39 fc2 sc0 ls49 ws78 gs245\">assu<span class=\"_ _2\"></span>mpti<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span><span class=\"ls1 ws0\">,<span class=\"_ _1\"></span> <span class=\"ls54 ws70\">which historically cannot be</span><span class=\"ffce\"> </span><span class=\"ls54 ws70\">reliably determined. Key variables and assumptions</span> </span></div><div class=\"t m0 h98 ffd3 fs39 fc2 sc0 ls49 wsaa gs246\">for t<span class=\"_ _2\"></span>urbo<span class=\"_ _2\"></span>t a<span class=\"_ _2\"></span>nd so<span class=\"_ _2\"></span>le i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>ude <span class=\"_ _2\"></span>mort<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>ity r<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>, time<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> mat<span class=\"_ _2\"></span>urit<span class=\"_ _2\"></span>y, r<span class=\"_ _2\"></span>ate <span class=\"_ _2\"></span>of g<span class=\"_ _2\"></span>rowt<span class=\"_ _2\"></span>h a<span class=\"_ _2\"></span>nd<span class=\"ffce ls1 ws0\"> </span>mark<span class=\"_ _2\"></span>et p<span class=\"_ _2\"></span>rice <span class=\"_ _2\"></span>at<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ffd3 fs39 fc2 sc0 ls53 ws0 gs247\">the poi<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span><span class=\"ls1\"> <span class=\"ls49 wsaa\">harves<span class=\"_ _2\"></span>t. Gi<span class=\"_ _2\"></span>ven <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> spe<span class=\"_ _2\"></span>cifi<span class=\"_ _2\"></span>c cir<span class=\"_ _2\"></span>cum<span class=\"_ _2\"></span>sta<span class=\"_ _2\"></span>nces f<span class=\"_ _2\"></span>or <span class=\"_ _2\"></span>juve<span class=\"_ _2\"></span>nil<span class=\"_ _2\"></span>e as<span class=\"_ _2\"></span>set<span class=\"_ _2\"></span>s, any<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>umpt<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>s </span> </span></div><div class=\"t m0 hac ffd3 fs39 fc2 sc0 ls49 ws7c gs248\">are sub<span class=\"_ _2\"></span>jec<span class=\"_ _2\"></span>tive<span class=\"_ _2\"></span>. <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ffd5 fs41 fc5 sc0 ls1 ws0 gs249\">\u2022<span class=\"ffd6\"> <span class=\"_ _b\"> </span><span class=\"ffd3 fs39 fc2 ls49 wsaa\">The ext<span class=\"_ _2\"></span>ent <span class=\"_ _2\"></span>of t<span class=\"_ _2\"></span>hes<span class=\"_ _2\"></span>e un<span class=\"_ _2\"></span>cert<span class=\"_ _2\"></span>ainti<span class=\"_ _2\"></span>es<span class=\"_ _2\"></span> als<span class=\"_ _2\"></span>o r<span class=\"_ _2\"></span>esul<span class=\"_ _2\"></span>ts i<span class=\"_ _2\"></span>n dif<span class=\"_ _2\"></span>fic<span class=\"_ _2\"></span>ult<span class=\"_ _2\"></span>y in d<span class=\"_ _2\"></span>ete<span class=\"_ _2\"></span>rmi<span class=\"_ _2\"></span>ning<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>appr<span class=\"_ _2\"></span>opr<span class=\"_ _2\"></span>iat<span class=\"_ _2\"></span>e <span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 hac ffd3 fs39 fc2 sc0 ls49 wsaa gs24a\">disco<span class=\"_ _2\"></span>unt<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\">  </span></div><div class=\"t m0 hac ffd3 fs39 fc2 sc0 ls49 wsaa gs24b\">A fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue <span class=\"_ _2\"></span>adj<span class=\"_ _2\"></span>ustme<span class=\"_ _2\"></span>nt i<span class=\"_ _2\"></span>s m<span class=\"_ _2\"></span>ade a<span class=\"_ _2\"></span>t the<span class=\"_ _2\"></span> poi<span class=\"_ _2\"></span>nt <span class=\"_ _2\"></span>whe<span class=\"_ _2\"></span>n pre<span class=\"_ _2\"></span>viou<span class=\"_ _2\"></span>sly <span class=\"_ _2\"></span>juve<span class=\"_ _2\"></span>ni<span class=\"_ _2\"></span>le tu<span class=\"_ _2\"></span>rbot<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> sol<span class=\"_ _2\"></span>e i<span class=\"_ _2\"></span>s con<span class=\"_ _2\"></span>side<span class=\"_ _2\"></span>red<span class=\"_ _2\"></span> to </div><div class=\"t m0 hac ffd3 fs39 fc2 sc0 ls49 wsaa gs24c\">mat<span class=\"_ _2\"></span>ure. <span class=\"_ _2\"></span>These<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue <span class=\"_ _2\"></span>adj<span class=\"_ _2\"></span>ustm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> the i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ffd3 fs39 fc2 sc0 ls49 wsaa gs24d\">Afte<span class=\"_ _2\"></span>r har<span class=\"_ _2\"></span>ves<span class=\"_ _2\"></span>t, t<span class=\"_ _2\"></span>he pr<span class=\"_ _2\"></span>od<span class=\"_ _2\"></span>uce fr<span class=\"_ _2\"></span>om <span class=\"_ _2\"></span>har<span class=\"_ _2\"></span>vest<span class=\"_ _2\"></span> is t<span class=\"_ _2\"></span>reat<span class=\"_ _2\"></span>ed a<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>nve<span class=\"_ _2\"></span>ntor<span class=\"_ _2\"></span>y and<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> at t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> poi<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> </div><div class=\"t m0 hac ffd3 fs39 fc2 sc0 ls49 wsaa gs24e\">harve<span class=\"_ _2\"></span>st i<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>reat<span class=\"_ _2\"></span>ed a<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>he cos<span class=\"_ _2\"></span>t of<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>nve<span class=\"_ _2\"></span>ntor<span class=\"_ _2\"></span>y.<span class=\"_ _195\"> </span><span class=\"ls1 ws0\"> </span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 ha6 ffe0 fs3c fcb sc0 ls5a wsb4 gs26f\">Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h7e ffe0 fs39 fc9 sc0 ls46 ws92 gs270\">(i) Re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>nit<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> and m<span class=\"_ _2\"></span>eas<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>me<span class=\"_ _2\"></span>nt<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ffe4 fs39 fc2 sc0 ls49 wsaa gs271\">Prope<span class=\"_ _2\"></span>rty<span class=\"_ _2\"></span>, pl<span class=\"_ _2\"></span>ant<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> equi<span class=\"_ _2\"></span>pme<span class=\"_ _2\"></span>nt i<span class=\"_ _2\"></span>s stat<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>at c<span class=\"_ _2\"></span>ost l<span class=\"_ _2\"></span>ess<span class=\"_ _2\"></span> acc<span class=\"_ _2\"></span>umul<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>eprec<span class=\"_ _2\"></span>iat<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>any r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nis<span class=\"_ _2\"></span>ed </div><div class=\"t m0 hac ffe4 fs39 fc2 sc0 ls54 ws70 gs272\">impairment loss.<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ffe4 fs39 fc2 sc0 ls2f ws2f gs273\">Cost includes exp<span class=\"_ _2\"></span>enditures that<span class=\"_ _2\"></span> are directly <span class=\"_ _2\"></span>attributable t<span class=\"_ _2\"></span>o the acquisitio<span class=\"_ _2\"></span>n of the <span class=\"_ _2\"></span>asset. Borrowing<span class=\"_ _2\"></span> </div><div class=\"t m0 hac ffe4 fs39 fc2 sc0 ls54 ws70 gs274\">costs directly attributable to the construction of<span class=\"ls1 ws0\"> <span class=\"ls49 ws7c\">sig<span class=\"_ _2\"></span>nific<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>t asset<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> adde<span class=\"_ _2\"></span>d to the<span class=\"_ _2\"></span> cost<span class=\"_ _2\"></span> of suc<span class=\"_ _2\"></span>h </span></span></div><div class=\"t m0 hac ffe4 fs39 fc2 sc0 ls49 wsaa gs275\">asset<span class=\"_ _2\"></span>s unt<span class=\"_ _2\"></span>il<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span>y ar<span class=\"_ _2\"></span>e re<span class=\"_ _2\"></span>ady f<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span>ir i<span class=\"_ _2\"></span>ntend<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>use.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">cost of ships <span class=\"_ _2\"></span>includes the con<span class=\"_ _2\"></span>tract price,<span class=\"_ _2\"></span> pre</span>-<span class=\"_ _195\"> </span></span></div><div class=\"t m0 hac ffe4 fs39 fc2 sc0 ls49 wsaa gs276\">deli<span class=\"_ _2\"></span>very c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>ncur<span class=\"_ _2\"></span>red<span class=\"_ _2\"></span> duri<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>const<span class=\"_ _2\"></span>ruct<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>newb<span class=\"_ _2\"></span>uildi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span>s, b<span class=\"_ _2\"></span>orro<span class=\"_ _2\"></span>wing<span class=\"_ _2\"></span> cos<span class=\"_ _2\"></span>ts a<span class=\"_ _2\"></span>nd <span class=\"_ _2\"></span>any m<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>rial<span class=\"_ _2\"></span> </div><div class=\"t m0 hac ffe4 fs39 fc2 sc0 ls49 wsaa gs277\">expen<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span> inc<span class=\"_ _2\"></span>urred<span class=\"_ _2\"></span> up<span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>acqui<span class=\"_ _2\"></span>siti<span class=\"_ _2\"></span>on s<span class=\"_ _2\"></span>uch<span class=\"_ _2\"></span> as i<span class=\"_ _2\"></span>mpro<span class=\"_ _2\"></span>vem<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> de<span class=\"_ _2\"></span>live<span class=\"_ _2\"></span>ry ex<span class=\"_ _2\"></span>pen<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span> to p<span class=\"_ _2\"></span>rep<span class=\"_ _2\"></span>are t<span class=\"_ _2\"></span>he </div><div class=\"t m0 hac ffe4 fs39 fc2 sc0 ls4b ws49 gs278\">ship<span class=\"_ _2\"></span>s for<span class=\"_ _2\"></span> thei<span class=\"_ _2\"></span>r i<span class=\"_ _2\"></span><span class=\"ls49 ws7c\">niti<span class=\"_ _2\"></span>al voy<span class=\"_ _2\"></span>age.<span class=\"_ _195\"> </span></span><span class=\"ls49 ws7c\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 h7e ffe0 fs39 fc9 sc0 ls46 ws92 gs27a\">(ii<span class=\"_ _2\"></span>) Dep<span class=\"_ _2\"></span>reci<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ffe4 fs39 fc2 sc0 ls49 wsaa gs27b\">Depre<span class=\"_ _2\"></span>ciat<span class=\"_ _2\"></span>ion i<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>char<span class=\"_ _2\"></span>ged<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>nco<span class=\"_ _2\"></span>me st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>a st<span class=\"_ _2\"></span>raig<span class=\"_ _2\"></span>ht<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls48 ws7d\">lin<span class=\"_ _2\"></span>e basis over the esti<span class=\"_ _2\"></span>mated usef<span class=\"_ _2\"></span>ul life </span></span></div><div class=\"t m0 hac ffe4 fs39 fc2 sc0 ls49 wsaa gs27c\">of e<span class=\"_ _2\"></span>ach c<span class=\"_ _2\"></span>ompo<span class=\"_ _2\"></span>ne<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> an i<span class=\"_ _2\"></span>tem <span class=\"_ _2\"></span>of<span class=\"ls1 ws0\"> <span class=\"ls54 ws70\">property, plant and</span> </span><span class=\"ws7c\">equip<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>t. La<span class=\"_ _2\"></span>nd and<span class=\"_ _2\"></span> asset<span class=\"_ _2\"></span>s und<span class=\"_ _2\"></span>er co<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ucti<span class=\"_ _2\"></span>on </span></div><div class=\"t m0 hac ffe4 fs39 fc2 sc0 ls48 ws32 gs27d\">are not de<span class=\"_ _2\"></span>preciated.<span class=\"_ _2\"></span> Proper<span class=\"_ _2\"></span>ty, pl<span class=\"_ _2\"></span>ant and e<span class=\"_ _2\"></span>quipment<span class=\"_ _2\"></span> is depr<span class=\"_ _2\"></span>eciated t<span class=\"_ _2\"></span>o<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">a resi<span class=\"_ _2\"></span>dual<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue <span class=\"ws78\">t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> </span></span></span><span class=\"ws72\">reflects </span></div><div class=\"t m0 hac ffe5 fs39 fc2 sc0 ls49 ws7c gs27e\">manag<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt\u2019s<span class=\"_ _2\"></span> estim<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span> of scr<span class=\"_ _2\"></span>ap val<span class=\"_ _2\"></span>ue or ot<span class=\"_ _2\"></span>her<span class=\"_ _2\"></span>wise r<span class=\"_ _2\"></span>eco<span class=\"_ _2\"></span>verab<span class=\"_ _2\"></span>le v<span class=\"_ _2\"></span>alu<span class=\"_ _2\"></span>e at the e<span class=\"_ _2\"></span>nd <span class=\"ffe4 ls61 wsac\">of the e<span class=\"_ _2\"></span>stimated<span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 hac ffe4 fs39 fc2 sc0 ls49 wsaa gs27f\">usef<span class=\"_ _2\"></span>ul lif<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he a<span class=\"_ _2\"></span>sset.<span class=\"_ _2\"></span> Re<span class=\"_ _2\"></span>sid<span class=\"_ _2\"></span>ual <span class=\"_ _2\"></span>valu<span class=\"_ _2\"></span>es a<span class=\"_ _2\"></span>nd e<span class=\"_ _2\"></span>cono<span class=\"_ _2\"></span>mic l<span class=\"_ _2\"></span>ive<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span>are<span class=\"_ _2\"></span> revi<span class=\"_ _2\"></span>ewed<span class=\"_ _2\"></span> an<span class=\"_ _2\"></span>nual<span class=\"_ _2\"></span>ly.<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h7e ffe0 fs39 fc9 sc0 ls49 ws78 gs280\">(i<span class=\"ls4c ws79\">ii<span class=\"ls46 ws89\">) Sub<span class=\"_ _2\"></span>se<span class=\"_ _2\"></span>quen<span class=\"_ _2\"></span>t cos<span class=\"_ _2\"></span>ts <span class=\"ffe6 ls1 ws0\">\u2013<span class=\"ffe0\"> <span class=\"_ _1\"></span><span class=\"ls46 ws89\">dry<span class=\"_ _2\"></span>do<span class=\"_ _2\"></span>cki<span class=\"_ _2\"></span>ng cos<span class=\"_ _2\"></span>ts<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span></span></div><div class=\"t m0 hac ffe4 fs39 fc2 sc0 ls49 wsaa gs281\">Upon <span class=\"_ _2\"></span>acq<span class=\"_ _2\"></span>uisit<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>n of<span class=\"_ _2\"></span> a shi<span class=\"_ _2\"></span>p, t<span class=\"_ _2\"></span>he e<span class=\"_ _2\"></span>st<span class=\"_ _2\"></span>imated<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>st <span class=\"_ _2\"></span>of e<span class=\"_ _2\"></span>ach c<span class=\"_ _2\"></span>ompo<span class=\"_ _2\"></span>nent<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>of dry<span class=\"_ _2\"></span>doc<span class=\"_ _2\"></span>king<span class=\"_ _2\"></span> is d<span class=\"_ _2\"></span>ed<span class=\"_ _2\"></span>ucted<span class=\"_ _2\"></span> fr<span class=\"_ _2\"></span>om t<span class=\"_ _2\"></span>he </div><div class=\"t m0 hac ffe4 fs39 fc2 sc0 ls54 ws70 gs282\">initial cost of the ship <span class=\"_ _2\"></span>and separately capitalised and depreciated over its estimated life.<span class=\"_ _2\"></span> Ships drydock </div><div class=\"t m0 h98 ffe4 fs39 fc2 sc0 ls48 ws32 gs283\">every fi<span class=\"_ _2\"></span>ve years<span class=\"_ _2\"></span> thereaft<span class=\"_ _2\"></span>er. Aft<span class=\"_ _2\"></span>er a s<span class=\"_ _2\"></span>hip is 15 <span class=\"_ _2\"></span>y<span class=\"ls49 wsaa\">ear<span class=\"_ _2\"></span>s ol<span class=\"_ _2\"></span>d, <span class=\"_ _2\"></span>a<span class=\"ffe1 ls1 ws0\"> </span><span class=\"ls54 ws70\">shipping society classification intermediate </span></span></div><div class=\"t m0 hac ffe4 fs39 fc2 sc0 ls49 wsaa gs284\">surve<span class=\"_ _2\"></span>y i<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">performed bet<span class=\"_ _2\"></span>ween t<span class=\"_ _2\"></span>he seco<span class=\"_ _2\"></span>nd and t<span class=\"_ _2\"></span>hird year<span class=\"_ _2\"></span> of the<span class=\"_ _2\"></span> five</span>-<span class=\"ls48 ws32\">year dryd<span class=\"_ _2\"></span>ocking<span class=\"_ _2\"></span> period.<span class=\"_ _2\"></span> The Gr<span class=\"_ _2\"></span>oup </span></span></div><div class=\"t m0 hac ffe4 fs39 fc2 sc0 ls54 ws70 gs285\">capitalises a substantial portion of the costs in<span class=\"_ _2\"></span>curred<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws2f\">duri<span class=\"_ _2\"></span>ng drydo<span class=\"_ _2\"></span>cking, including t<span class=\"_ _2\"></span>he survey cos<span class=\"ls4b ws77\">t<span class=\"_ _2\"></span>s, </span></span></span></div><div class=\"t m0 hac ffe4 fs39 fc2 sc0 ls49 wsaa gs286\">and de<span class=\"_ _2\"></span>pr<span class=\"_ _2\"></span>eci<span class=\"_ _2\"></span>ates t<span class=\"_ _2\"></span>ho<span class=\"_ _2\"></span>se co<span class=\"_ _2\"></span>sts <span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>a str<span class=\"_ _2\"></span>aig<span class=\"_ _2\"></span>ht<span class=\"ls1 ws0\">-<span class=\"ls54 ws70\">line basis from the time <span class=\"_ _2\"></span>of completion of a drydocking </span></span></div><div class=\"t m0 hac ffe4 fs39 fc2 sc0 ls53 ws80 gs287\">or<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">intermediate <span class=\"_ _2\"></span>survey b<span class=\"_ _2\"></span>ased on<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>estimated l<span class=\"_ _2\"></span>ife of<span class=\"_ _2\"></span> each c<span class=\"_ _2\"></span>omponent <span class=\"_ _2\"></span>of the <span class=\"_ _2\"></span>drydocki<span class=\"_ _2\"></span>ng. The r<span class=\"_ _2\"></span>esidual </span></span></div><div class=\"t m0 hac ffe4 fs39 fc2 sc0 ls49 wsaa gs288\">value<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> dryd<span class=\"_ _2\"></span>ocki<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>comp<span class=\"_ _2\"></span>one<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span> is z<span class=\"_ _2\"></span>ero.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws78\">Group<span class=\"_ _2\"></span> </span>expense<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>cost<span class=\"_ _2\"></span>s rel<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>d to<span class=\"_ _2\"></span> routi<span class=\"_ _2\"></span>ne<span class=\"_ _2\"></span> rep<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span>s an<span class=\"_ _2\"></span>d </div><div class=\"t m0 hac ffe4 fs39 fc2 sc0 ls49 wsaa gs289\">mai<span class=\"_ _2\"></span>ntena<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> incur<span class=\"_ _2\"></span>red<span class=\"_ _2\"></span> duri<span class=\"_ _2\"></span>ng d<span class=\"_ _2\"></span>ry<span class=\"_ _2\"></span>docki<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> do <span class=\"_ _2\"></span>not<span class=\"_ _2\"></span> impr<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span> or ex<span class=\"_ _2\"></span>te<span class=\"_ _2\"></span>nd the<span class=\"_ _2\"></span> use<span class=\"_ _2\"></span>ful<span class=\"_ _2\"></span> li<span class=\"_ _2\"></span>ves <span class=\"_ _2\"></span>of th<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> <span class=\"ls30 ws73\">ship<span class=\"_ _2\"></span>s. If </span></span></div><div class=\"t m0 h98 ffe4 fs39 fc2 sc0 ls48 ws32 gs28a\">the dryd<span class=\"_ _2\"></span>ock result<span class=\"_ _2\"></span>s in<span class=\"ffe1 ls1 ws0\"> </span><span class=\"ls59 ws95\">an<span class=\"ffe1 ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ffe4 ls54 ws70\">extension <span class=\"_ _2\"></span>of the life of a ship, then t<span class=\"_ _2\"></span>he estimated useful life of t<span class=\"_ _2\"></span>he ship is </span></span></span></div><div class=\"t m0 hac ffe4 fs39 fc2 sc0 ls2f ws4e gs28b\">ch<span class=\"ws92\">anged accordingly.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 h7e ffe0 fs39 fc9 sc0 ls49 ws78 gs28c\">(i<span class=\"ls1 ws0\">v<span class=\"ls4c wsaa\">) Impairment of t<span class=\"_ _2\"></span>angible and <span class=\"_ _2\"></span>intangible <span class=\"_ _2\"></span>assets with fin<span class=\"_ _2\"></span>ite useful lives<span class=\"_ _2\"></span></span> </span></div><div class=\"t m0 hac ffe4 fs39 fc2 sc0 ls54 ws70 gs28d\">Tangible assets and intangible assets with fi<span class=\"_ _2\"></span>nite lives are tested for impairment if there <span class=\"_ _2\"></span>are indications </div><div class=\"t m0 hac ffe5 fs39 fc2 sc0 ls49 wsaa gs28e\">of im<span class=\"_ _2\"></span>pai<span class=\"_ _2\"></span>rment<span class=\"_ _2\"></span>. T<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>arryi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>amo<span class=\"_ _2\"></span>unt<span class=\"_ _2\"></span>s of t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>Gro<span class=\"_ _2\"></span>up\u2019s<span class=\"_ _2\"></span> tang<span class=\"_ _2\"></span>ibl<span class=\"_ _2\"></span>e and<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nite<span class=\"_ _2\"></span><span class=\"ffe4 ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls54 ws70\">li<span class=\"_ _2\"></span>ved intangible assets are </span></span></div><div class=\"t m0 hac ffe4 fs39 fc2 sc0 ls49 wsaa gs28f\">revie<span class=\"_ _2\"></span>wed<span class=\"_ _2\"></span> at e<span class=\"_ _2\"></span>ac<span class=\"_ _2\"></span>h bal<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> she<span class=\"_ _2\"></span>et d<span class=\"_ _2\"></span>ate t<span class=\"_ _2\"></span>o d<span class=\"_ _2\"></span>eterm<span class=\"_ _2\"></span>ine<span class=\"_ _2\"></span> w<span class=\"_ _2\"></span><span class=\"ls48 ws32\">hether th<span class=\"_ _2\"></span>ere is<span class=\"ls1 ws0\"> </span></span>any i<span class=\"_ _2\"></span>ndic<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on o<span class=\"_ _2\"></span>f imp<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>. </div><div class=\"t m0 hac ffe4 fs39 fc2 sc0 ls61 ws89 gs290\">If<span class=\"ls1 ws0\"> <span class=\"ffe5 ls49 wsaa\">any suc<span class=\"_ _2\"></span>h ind<span class=\"_ _2\"></span>icat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> exi<span class=\"_ _2\"></span>sts<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>et\u2019<span class=\"_ _2\"></span>s re<span class=\"_ _2\"></span>cover<span class=\"_ _2\"></span>abl<span class=\"_ _2\"></span>e am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> esti<span class=\"_ _2\"></span>mated<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> dete<span class=\"_ _2\"></span>rmi<span class=\"_ _2\"></span>ne t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>exte<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 hac ffe4 fs39 fc2 sc0 ls73 wsb6 gs291\">an<span class=\"_ _1\"></span>y im<span class=\"_ _1\"></span>pair<span class=\"_ _1\"></span>ment l<span class=\"_ _1\"></span>oss<span class=\"_ _1\"></span>. Wher<span class=\"_ _1\"></span>e the<span class=\"_ _1\"></span> ass<span class=\"_ _1\"></span>et doe<span class=\"_ _1\"></span>s not<span class=\"_ _1\"></span> gene<span class=\"_ _1\"></span>rate<span class=\"_ _1\"></span> cash<span class=\"_ _1\"></span> flows<span class=\"_ _1\"></span> tha<span class=\"_ _1\"></span>t are<span class=\"_ _1\"></span> inde<span class=\"_ _1\"></span>pende<span class=\"_ _1\"></span>nt fr<span class=\"_ _1\"></span>om o<span class=\"_ _1\"></span>ther </div><div class=\"t m0 hac ffe4 fs39 fc2 sc0 ls30 wsab gs292\">asset<span class=\"_ _2\"></span>s, th<span class=\"_ _2\"></span><span class=\"ls49 wsaa\">e Gro<span class=\"_ _2\"></span>up e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>he r<span class=\"_ _2\"></span>eco<span class=\"_ _2\"></span>verab<span class=\"_ _2\"></span>le <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> ca<span class=\"_ _2\"></span>sh<span class=\"ls1 ws0\">-</span><span class=\"ws7c\">gener<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng u<span class=\"_ _2\"></span>nit<span class=\"ls1 ws0\"> <span class=\"ls4b ws77\">(CGU)<span class=\"_ _2\"></span></span> <span class=\"ls4b ws49\">to which<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he </span></span></span></span></div><div class=\"t m0 hac ffe4 fs39 fc2 sc0 ls49 wsaa gs293\">asset<span class=\"_ _2\"></span> bel<span class=\"_ _2\"></span>ong<span class=\"_ _2\"></span>s. S<span class=\"_ _2\"></span>hip n<span class=\"_ _2\"></span>ewb<span class=\"_ _2\"></span>uild<span class=\"_ _2\"></span>ings<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> oth<span class=\"_ _2\"></span>er <span class=\"_ _2\"></span>asset<span class=\"_ _2\"></span>s u<span class=\"_ _2\"></span>nder<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ucti<span class=\"_ _2\"></span>on ar<span class=\"_ _2\"></span>e te<span class=\"_ _2\"></span>sted<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span> imp<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> </div><div class=\"t m0 hac ffe4 fs39 fc2 sc0 ls49 wsaa gs294\">when<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span>re i<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>n indi<span class=\"_ _2\"></span>cat<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>of im<span class=\"_ _2\"></span>pai<span class=\"_ _2\"></span>rme<span class=\"_ _2\"></span>nt. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ffe4 fs39 fc2 sc0 ls49 wsaa gs295\">The G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> me<span class=\"_ _2\"></span>asure<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>he re<span class=\"_ _2\"></span>cov<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>able <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nt o<span class=\"_ _2\"></span>f as<span class=\"_ _2\"></span>set<span class=\"_ _2\"></span>s by<span class=\"_ _2\"></span> comp<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>heir<span class=\"_ _2\"></span> car<span class=\"_ _2\"></span>ryi<span class=\"_ _2\"></span>ng am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> wit<span class=\"_ _2\"></span>h t<span class=\"_ _2\"></span>he </div><div class=\"t m0 hac ffe4 fs39 fc2 sc0 ls54 ws70 gs296\">higher of their fair value less cost<span class=\"_ _2\"></span>s of<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">dispos<span class=\"_ _2\"></span>al (<span class=\"_ _2\"></span>FVLC<span class=\"_ _2\"></span>D) or<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue i<span class=\"_ _2\"></span>n use<span class=\"_ _2\"></span> (VI<span class=\"_ _2\"></span>U).<span class=\"_ _2\"></span></span> </span></div><div class=\"t m0 hac ffe4 fs39 fc2 sc0 ls48 ws32 gs297\">FVLCD is d<span class=\"_ _2\"></span>etermi<span class=\"_ _2\"></span>ned as t<span class=\"_ _2\"></span>he amo<span class=\"_ _2\"></span>unt that<span class=\"_ _2\"></span> would be <span class=\"_ _2\"></span>obtain<span class=\"_ _2\"></span>ed from t<span class=\"_ _2\"></span>he sale <span class=\"_ _2\"></span>of the <span class=\"_ _2\"></span>asset i<span class=\"_ _2\"></span>n an orde<span class=\"_ _2\"></span>rly </div><div class=\"t m0 hac ffe4 fs39 fc2 sc0 ls61 wsac gs298\">transaction between market p<span class=\"_ _2\"></span>articipants. FVLCD is<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">gen<span class=\"_ _2\"></span>erall<span class=\"_ _2\"></span>y d<span class=\"_ _2\"></span>eter<span class=\"_ _2\"></span>mi<span class=\"_ _2\"></span>ned a<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>he pr<span class=\"_ _2\"></span>ese<span class=\"_ _2\"></span>nt val<span class=\"_ _2\"></span>ue<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he </span></span></div><div class=\"t m0 hac ffe4 fs39 fc2 sc0 ls2f ws2f gs299\">estimated future<span class=\"_ _2\"></span> cash flows expe<span class=\"_ _2\"></span>cted to <span class=\"_ _2\"></span>arise from the <span class=\"_ _2\"></span>cont<span class=\"ls49 wsaa\">inue<span class=\"_ _2\"></span>d <span class=\"_ _2\"></span>use of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> as<span class=\"_ _2\"></span>set<span class=\"_ _2\"></span>, i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> any<span class=\"_ _2\"></span> </span></div><div class=\"t m0 hac ffe4 fs39 fc2 sc0 ls49 wsaa gs29a\">expa<span class=\"_ _2\"></span>nsio<span class=\"_ _2\"></span>n pro<span class=\"_ _2\"></span>ject<span class=\"_ _2\"></span>s,<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> its<span class=\"_ _2\"></span> even<span class=\"_ _2\"></span>tual<span class=\"_ _2\"></span> di<span class=\"_ _2\"></span>spos<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>, usi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>assum<span class=\"_ _2\"></span>pti<span class=\"_ _2\"></span>ons t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> an i<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span>epen<span class=\"_ _2\"></span>dent<span class=\"_ _2\"></span> mark<span class=\"_ _2\"></span>et </div><div class=\"t m0 hac ffe4 fs39 fc2 sc0 ls49 wsaa gs29b\">parti<span class=\"_ _2\"></span>cip<span class=\"_ _2\"></span>ant<span class=\"_ _2\"></span> may t<span class=\"_ _2\"></span>ake<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>o a<span class=\"_ _2\"></span>ccoun<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>. The<span class=\"_ _2\"></span>se c<span class=\"_ _2\"></span>ash f<span class=\"_ _2\"></span>lows<span class=\"_ _2\"></span> ar<span class=\"_ _2\"></span>e di<span class=\"_ _2\"></span>scou<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>d at<span class=\"_ _2\"></span> an<span class=\"ls1 ws0\"> </span>appr<span class=\"_ _2\"></span>opr<span class=\"_ _2\"></span>iate<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> arr<span class=\"_ _2\"></span>ive <span class=\"_ _2\"></span>at </div><div class=\"t m0 hac ffe4 fs39 fc2 sc0 ls49 wsaa gs29c\">a net p<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>sent<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue o<span class=\"_ _2\"></span>f <span class=\"ls4b ws49\">t<span class=\"_ _2\"></span>he a<span class=\"_ _2\"></span>sset.<span class=\"_ _195\"> </span></span><span class=\"ls4b ws49\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div>VIU is det<span class=\"_ _2\"></span>ermined <span class=\"_ _2\"></span>as the p<span class=\"_ _2\"></span>resent <span class=\"_ _2\"></span>value of t<span class=\"_ _2\"></span>he est<span class=\"_ _2\"></span>imated f<span class=\"_ _2\"></span>uture ca<span class=\"_ _2\"></span>sh flo<span class=\"_ _2\"></span>ws expect<span class=\"_ _2\"></span>ed to ari<span class=\"_ _2\"></span>se fr<span class=\"_ _2\"></span>om the continued <span class=\"_ _2\"></span>use of t<span class=\"_ _2\"></span>he a<span class=\"_ _2\"></span>sset in its<span class=\"_ _2\"></span> prese<span class=\"_ _2\"></span>nt form <span class=\"_ _2\"></span>and it<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls54 ws70\">eventual di<span class=\"_ _2\"></span>sposal. VIU is determined by <span class=\"_ _2\"></span>applying </span></span>assu<span class=\"_ _2\"></span>mpti<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span> spec<span class=\"_ _2\"></span>ifi<span class=\"_ _2\"></span>c to<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Gro<span class=\"_ _2\"></span>up\u2019s<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntinu<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>use <span class=\"_ _2\"></span>a<span class=\"ffe9\">nd c<span class=\"_ _2\"></span>annot<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>ake<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>o acc<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> fut<span class=\"_ _2\"></span>ure <span class=\"_ _2\"></span>de<span class=\"_ _2\"></span>velop<span class=\"_ _2\"></span>me<span class=\"_ _2\"></span>nt. </span>These<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls49 ws7c\">assumpt<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>s are d<span class=\"_ _2\"></span>iff<span class=\"_ _2\"></span>erent<span class=\"_ _2\"></span> from<span class=\"_ _2\"></span> those<span class=\"_ _2\"></span> used i<span class=\"_ _2\"></span>n calc<span class=\"_ _2\"></span>ulat<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> fair val<span class=\"_ _2\"></span>ue a<span class=\"_ _2\"></span>nd con<span class=\"_ _2\"></span>seque<span class=\"_ _2\"></span>ntly<span class=\"_ _2\"></span> the val<span class=\"_ _2\"></span>ue<span class=\"_ _2\"></span> </span></span>in<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">use calc<span class=\"_ _2\"></span>ulat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> likel<span class=\"_ _2\"></span>y t<span class=\"_ _2\"></span>o gi<span class=\"_ _2\"></span>ve a d<span class=\"_ _2\"></span>iff<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>nt r<span class=\"_ _2\"></span>esult<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> a f<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue ca<span class=\"_ _2\"></span>lcul<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on.<span class=\"_ _2\"></span></span> </span>An imp<span class=\"_ _2\"></span>airm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss is<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> whe<span class=\"_ _2\"></span>neve<span class=\"_ _2\"></span>r the<span class=\"_ _2\"></span> ca<span class=\"_ _2\"></span>rryi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nt o<span class=\"_ _2\"></span>f a<span class=\"_ _2\"></span>n as<span class=\"_ _2\"></span>set o<span class=\"_ _2\"></span>r it<span class=\"_ _2\"></span>s <span class=\"ls53 ws80\">C<span class=\"_ _2\"></span>GU<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">exceeds its </span></span></span>reco<span class=\"_ _2\"></span>verab<span class=\"_ _2\"></span>le<span class=\"_ _2\"></span> amo<span class=\"_ _2\"></span>unt.<span class=\"_ _2\"></span> Imp<span class=\"_ _2\"></span>airme<span class=\"_ _2\"></span>nt <span class=\"_ _2\"></span>loss<span class=\"_ _2\"></span>es a<span class=\"_ _2\"></span>re r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d in t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> inc<span class=\"_ _2\"></span>ome s<span class=\"_ _2\"></span>tate<span class=\"_ _2\"></span>me<span class=\"_ _2\"></span>nt. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>An imp<span class=\"_ _2\"></span>airm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss, <span class=\"_ _2\"></span>othe<span class=\"_ _2\"></span>r t<span class=\"_ _2\"></span>han f<span class=\"_ _2\"></span>or g<span class=\"_ _2\"></span>ood<span class=\"_ _2\"></span>will<span class=\"_ _2\"></span>, i<span class=\"_ _2\"></span>s rev<span class=\"_ _2\"></span>ers<span class=\"_ _2\"></span>ed wh<span class=\"_ _2\"></span>en t<span class=\"_ _2\"></span>here<span class=\"_ _2\"></span> is <span class=\"_ _2\"></span>an i<span class=\"_ _2\"></span>ndic<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on t<span class=\"_ _2\"></span>hat t<span class=\"_ _2\"></span>he impairment loss may no longer exist <span class=\"_ _2\"></span>and there has been a<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">change i<span class=\"_ _2\"></span>n the estim<span class=\"_ _2\"></span>ates u<span class=\"_ _2\"></span>sed to d<span class=\"_ _2\"></span>etermin<span class=\"_ _2\"></span>e </span></span>the rec<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>rabl<span class=\"_ _2\"></span>e amo<span class=\"_ _2\"></span>unt.<span class=\"_ _195\"> </span><div class=\"t m0 ha6 fffd fs3c fcb sc0 ls5a wsb4 gs2bf\">Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h7e fffd fs39 fc9 sc0 ls4c wsaa gs2c0\">(i) Right<span class=\"ls1 ws0\">-<span class=\"ls6e wsb0\">of</span>-<span class=\"_ _1\"></span><span class=\"ls31 ws7d\">use assets<span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 hac fffe fs39 fc2 sc0 ls4b ws77 gs2c1\">Right<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls53 ws80\">of</span>-<span class=\"ls49 wsaa\">use ass<span class=\"_ _2\"></span>ets a<span class=\"_ _2\"></span>re m<span class=\"_ _2\"></span>eas<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>d init<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span>ly at<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>st b<span class=\"_ _2\"></span>ased<span class=\"_ _2\"></span> on<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>asso<span class=\"_ _2\"></span>ciat<span class=\"_ _2\"></span>ed l<span class=\"_ _2\"></span>ease<span class=\"_ _2\"></span> li<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>ity,<span class=\"_ _2\"></span> adj<span class=\"_ _2\"></span>ust<span class=\"_ _2\"></span>ed f<span class=\"_ _2\"></span>or </span></span></div><div class=\"t m0 hac fffe fs39 fc2 sc0 ls49 wsaa gs2c2\">any p<span class=\"_ _2\"></span>ayme<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span> made<span class=\"_ _2\"></span> bef<span class=\"_ _2\"></span>ore<span class=\"_ _2\"></span> ince<span class=\"_ _2\"></span>pt<span class=\"_ _2\"></span>ion, i<span class=\"_ _2\"></span>nit<span class=\"_ _2\"></span>ial d<span class=\"_ _2\"></span>ir<span class=\"_ _2\"></span>ect c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd an<span class=\"_ _2\"></span> est<span class=\"_ _2\"></span>imat<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> dis<span class=\"_ _2\"></span>ma<span class=\"_ _2\"></span>ntli<span class=\"_ _2\"></span>ng, r<span class=\"_ _2\"></span>emov<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> </div><div class=\"t m0 hac fffe fs39 fc2 sc0 ls2f ws2f gs2c3\">and restoration co<span class=\"_ _2\"></span>sts required i<span class=\"_ _2\"></span>n the term<span class=\"_ _2\"></span>s of the<span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">leas<span class=\"_ _2\"></span>e.</span> </span></div><div class=\"t m0 hac fffe fs39 fc2 sc0 ls49 wsaa gs2c4\">Subse<span class=\"_ _2\"></span>que<span class=\"_ _2\"></span>nt t<span class=\"_ _2\"></span>o ini<span class=\"_ _2\"></span>tial<span class=\"_ _2\"></span> re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on, <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> <span class=\"ls2f ws2f\">depreci<span class=\"_ _2\"></span>ates the rig<span class=\"_ _2\"></span>ht<span class=\"ls1 ws0\">-<span class=\"ls55 ws73\">of</span>-<span class=\"_ _1\"></span><span class=\"ls48 ws32\">use asset<span class=\"_ _2\"></span>s over t<span class=\"_ _2\"></span>he term<span class=\"_ _2\"></span> of the<span class=\"_ _2\"></span> </span></span></span></div><div class=\"t m0 hac ffff fs39 fc2 sc0 ls49 wsaa gs2c5\">leas<span class=\"_ _2\"></span>e or,<span class=\"_ _2\"></span> if<span class=\"_ _2\"></span> sho<span class=\"_ _2\"></span>rter<span class=\"_ _2\"></span>, th<span class=\"_ _2\"></span>e le<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span>d as<span class=\"_ _2\"></span>set\u2019<span class=\"_ _2\"></span>s re<span class=\"_ _2\"></span>mai<span class=\"_ _2\"></span>ning<span class=\"_ _2\"></span> eco<span class=\"_ _2\"></span>nomic<span class=\"_ _2\"></span> li<span class=\"_ _2\"></span>fe.<span class=\"_ _2\"></span><span class=\"fffe ls1 ws0\"> </span></div><div class=\"t m0 h7e fffd fs39 fc9 sc0 ls4c wsaa gs2c6\">(ii) Lease lia<span class=\"_ _2\"></span>bilities<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac fffe fs39 fc2 sc0 ls30 wsab gs2c7\">In resp<span class=\"_ _2\"></span>ect of<span class=\"_ _2\"></span> le<span class=\"_ _2\"></span>ases <span class=\"_ _2\"></span>of lo<span class=\"_ _2\"></span>w<span class=\"ls1 ws0\">-<span class=\"ls49 wsaa\">value<span class=\"_ _2\"></span> it<span class=\"_ _2\"></span>ems a<span class=\"_ _2\"></span>nd t<span class=\"_ _2\"></span>hose<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>at ar<span class=\"_ _2\"></span>e le<span class=\"_ _2\"></span>ss t<span class=\"_ _2\"></span>han<span class=\"_ _2\"></span> 12 m<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>hs at<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>ncepti<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n of t<span class=\"_ _2\"></span>he </span></span></div><div class=\"t m0 hac fffe fs39 fc2 sc0 ls48 ws32 gs2c8\">lease, th<span class=\"_ _2\"></span>e Group r<span class=\"_ _2\"></span>ecogni<span class=\"_ _2\"></span>ses an ex<span class=\"_ _2\"></span>pense <span class=\"_ _2\"></span>on a st<span class=\"_ _2\"></span>raight<span class=\"ls1 ws0\">-</span>line basi<span class=\"_ _2\"></span>s over t<span class=\"_ _2\"></span>he life <span class=\"_ _2\"></span>of the l<span class=\"_ _2\"></span>ease.<span class=\"_ _2\"></span> For all <span class=\"_ _2\"></span>other </div><div class=\"t m0 hac fffe fs39 fc2 sc0 ls49 wsaa gs2c9\">leas<span class=\"_ _2\"></span>es, t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>og<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>s a r<span class=\"_ _2\"></span>ig<span class=\"_ _2\"></span>ht<span class=\"ls1 ws0\">-<span class=\"ls53 ws80\">of</span>-</span><span class=\"ws7c\">use ass</span>e<span class=\"_ _2\"></span>t a<span class=\"_ _2\"></span>nd c<span class=\"_ _2\"></span>orre<span class=\"_ _2\"></span>spond<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> li<span class=\"_ _2\"></span>abili<span class=\"_ _2\"></span>ty at<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e d<span class=\"_ _2\"></span>ate t<span class=\"_ _2\"></span>he l<span class=\"_ _2\"></span>eas<span class=\"_ _2\"></span>ed </div><div class=\"t m0 hac fffe fs39 fc2 sc0 ls49 wsaa gs2ca\">asset<span class=\"_ _2\"></span> is <span class=\"_ _2\"></span>mad<span class=\"_ _2\"></span>e av<span class=\"_ _2\"></span>ailab<span class=\"_ _2\"></span>le <span class=\"_ _2\"></span>to t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac fffe fs39 fc2 sc0 ls49 wsaa gs2cb\">Leas<span class=\"_ _2\"></span>e li<span class=\"_ _2\"></span>abili<span class=\"_ _2\"></span>tie<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e me<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>at t<span class=\"_ _2\"></span>he pr<span class=\"_ _2\"></span>ese<span class=\"_ _2\"></span>nt v<span class=\"_ _2\"></span>alue <span class=\"_ _2\"></span>of t<span class=\"_ _2\"></span>he f<span class=\"_ _2\"></span>ut<span class=\"_ _2\"></span>ure l<span class=\"_ _2\"></span>ease<span class=\"_ _2\"></span> paym<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s, ex<span class=\"_ _2\"></span>cl<span class=\"_ _2\"></span>uding<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span>ny </div><div class=\"t m0 hac fffe fs39 fc2 sc0 ls49 wsaa gs2cc\">payme<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng to<span class=\"_ _2\"></span> non<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span>lease<span class=\"_ _2\"></span> comp<span class=\"_ _2\"></span>one<span class=\"_ _2\"></span>nts.<span class=\"_ _2\"></span> Fut<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span> leas<span class=\"_ _2\"></span>e pa<span class=\"_ _2\"></span>yme<span class=\"_ _2\"></span>nts i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>ude op<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he ex<span class=\"_ _2\"></span>tent<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>hat </div><div class=\"t m0 h98 fffe fs39 fc2 sc0 ls54 ws70 gs2cd\">it is reasonably certain that such <span class=\"_ _2\"></span>payments will be made. Th<span class=\"ls1 ws0\">e<span class=\"ff100\"> <span class=\"_ _1\"></span><span class=\"fffe ls49 wsaa\">p<span class=\"_ _2\"></span>aym<span class=\"_ _2\"></span>ents <span class=\"_ _2\"></span>are<span class=\"_ _2\"></span> disc<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>at t<span class=\"_ _2\"></span>he rat<span class=\"_ _2\"></span>e </span></span></span></div><div class=\"t m0 hac fffe fs39 fc2 sc0 ls49 wsaa gs2ce\">impl<span class=\"_ _2\"></span>icit<span class=\"_ _2\"></span> in t<span class=\"_ _2\"></span>he l<span class=\"_ _2\"></span>eas<span class=\"_ _2\"></span>e or<span class=\"_ _2\"></span>, whe<span class=\"_ _2\"></span>re t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> ca<span class=\"_ _2\"></span>nnot<span class=\"_ _2\"></span> be m<span class=\"_ _2\"></span>ea<span class=\"_ _2\"></span>sured<span class=\"_ _2\"></span>, at<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span>n incr<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>ntal<span class=\"_ _2\"></span> bor<span class=\"_ _2\"></span>rowi<span class=\"_ _2\"></span>ng r<span class=\"_ _2\"></span>ate.<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac fffe fs39 fc2 sc0 ls49 wsaa gs2cf\">Leas<span class=\"_ _2\"></span>e li<span class=\"_ _2\"></span>abili<span class=\"_ _2\"></span>tie<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e rem<span class=\"_ _2\"></span>ea<span class=\"_ _2\"></span>sured<span class=\"_ _2\"></span> whe<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span>re i<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>a ch<span class=\"_ _2\"></span>ange i<span class=\"_ _2\"></span>n f<span class=\"_ _2\"></span>utu<span class=\"_ _2\"></span>re l<span class=\"_ _2\"></span>ease p<span class=\"_ _2\"></span>aym<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s ari<span class=\"_ _2\"></span>sing<span class=\"_ _2\"></span> fr<span class=\"_ _2\"></span>om a<span class=\"_ _2\"></span> </div><div class=\"t m0 hac fffe fs39 fc2 sc0 ls49 wsaa gs2d0\">chang<span class=\"_ _2\"></span>e in<span class=\"_ _2\"></span> an<span class=\"_ _2\"></span> ind<span class=\"_ _2\"></span>ex or<span class=\"_ _2\"></span> rat<span class=\"_ _2\"></span>e or<span class=\"_ _2\"></span> if t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e Group<span class=\"_ _2\"></span> c<span class=\"_ _2\"></span>hang<span class=\"_ _2\"></span>es it<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>asse<span class=\"_ _2\"></span>ssme<span class=\"_ _2\"></span>nt <span class=\"_ _2\"></span>of w<span class=\"_ _2\"></span>hethe<span class=\"_ _2\"></span>r i<span class=\"_ _2\"></span>t wi<span class=\"_ _2\"></span>ll ex<span class=\"_ _2\"></span>erci<span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>an </div><div class=\"t m0 h98 fffe fs39 fc2 sc0 ls54 ws70 gs2d1\">extension or termination option. When a lease li<span class=\"_ _2\"></span>ability is reme<span class=\"ls49 wsaa\">asur<span class=\"_ _2\"></span>ed i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>his <span class=\"_ _2\"></span>way<span class=\"_ _2\"></span>, a<span class=\"ff100 ls1 ws0\"> </span><span class=\"ls2f ws4e\">corresponding </span></span></div><div class=\"t m0 hac fffe fs39 fc2 sc0 ls49 wsaa gs2d2\">adjust<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>t is<span class=\"_ _2\"></span> mad<span class=\"_ _2\"></span>e to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> car<span class=\"_ _2\"></span>ryi<span class=\"_ _2\"></span>ng v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> the r<span class=\"_ _2\"></span>igh<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\">-<span class=\"ls53 ws80\">of</span>-<span class=\"ls2f ws2f\">use asset, or i<span class=\"_ _2\"></span>s recorded to pr<span class=\"_ _2\"></span>ofit or lo<span class=\"_ _2\"></span>ss </span> </span></div><div class=\"t m0 h98 fffe fs39 fc2 sc0 ls49 wsaa gs2d3\">if t<span class=\"_ _2\"></span>he ca<span class=\"_ _2\"></span>rryi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nt o<span class=\"_ _2\"></span>f<span class=\"ff100 ls1 ws0\"> </span><span class=\"ls4b ws71\">the right<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls53 ws80\">of</span>-<span class=\"ls48 ws32\">use asset has<span class=\"_ _2\"></span> been red<span class=\"_ _2\"></span>uced t<span class=\"_ _2\"></span>o zero.<span class=\"_ _195\"> </span></span></span></span><span class=\"ls4b ws71\"><span class=\"ls1 ws0\"><span class=\"ls48 ws32\"><span class=\"_ _2\"></span></span> </span></span></div><div class=\"t m0 hac fffe fs39 fc2 sc0 ls49 wsaa gs2d5\">Time c<span class=\"_ _2\"></span>ha<span class=\"_ _2\"></span>rter<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>ts i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>e t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> lease<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>a sp<span class=\"_ _2\"></span>eci<span class=\"_ _2\"></span>fic<span class=\"_ _2\"></span> ship<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> a <span class=\"_ _2\"></span>non<span class=\"ls1 ws0\">-<span class=\"ls53\">lease c<span class=\"_ _2\"></span>ompon<span class=\"_ _2\"></span>ent f<span class=\"_ _2\"></span>or cre<span class=\"_ _2\"></span>w, </span></span></div><div class=\"t m0 hac fffe fs39 fc2 sc0 ls49 wsaa gs2d6\">mai<span class=\"_ _2\"></span>ntena<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> othe<span class=\"_ _2\"></span>r op<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>ens<span class=\"_ _2\"></span>es. W<span class=\"_ _2\"></span>hen <span class=\"_ _2\"></span>meas<span class=\"_ _2\"></span>uri<span class=\"_ _2\"></span>ng le<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span> liabi<span class=\"_ _2\"></span>liti<span class=\"_ _2\"></span>es<span class=\"_ _2\"></span>, th<span class=\"_ _2\"></span>e no<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\">-</span><span class=\"ws78\">leas<span class=\"_ _2\"></span>e </span></div><div class=\"t m0 hac fffe fs39 fc2 sc0 ls49 wsaa gs2d7\">compo<span class=\"_ _2\"></span>nent<span class=\"_ _2\"></span> h<span class=\"_ _2\"></span>as bee<span class=\"_ _2\"></span>n s<span class=\"_ _2\"></span>epar<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> fr<span class=\"_ _2\"></span>om t<span class=\"_ _2\"></span>he le<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span> comp<span class=\"_ _2\"></span>one<span class=\"_ _2\"></span>nt b<span class=\"_ _2\"></span>ased<span class=\"_ _2\"></span> on i<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>rna<span class=\"ls30 ws73\">l<span class=\"_ _2\"></span> sourc<span class=\"_ _2\"></span>es of ship<span class=\"_ _2\"></span>s <span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 hac fffe fs39 fc2 sc0 ls49 wsaa gs2d8\">of sim<span class=\"_ _2\"></span>il<span class=\"_ _2\"></span>ar cl<span class=\"_ _2\"></span>as<span class=\"_ _2\"></span>ses a<span class=\"_ _2\"></span>s the<span class=\"_ _2\"></span> s<span class=\"_ _2\"></span>hip <span class=\"_ _2\"></span>und<span class=\"_ _2\"></span>er co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>t.<span class=\"_ _2\"></span> The <span class=\"_ _2\"></span>non<span class=\"ls1 ws0\">-<span class=\"ls48 ws32\">lease<span class=\"_ _2\"></span> eleme<span class=\"_ _2\"></span>nt is rec<span class=\"_ _2\"></span>orded i<span class=\"_ _2\"></span>n </span>o</span><span class=\"ws78\">perati<span class=\"_ _2\"></span>ng </span></div><div class=\"t m0 h98 fffe fs39 fc2 sc0 ls48 ws32 gs2d9\">expenses <span class=\"_ _2\"></span>as the <span class=\"_ _2\"></span><span class=\"ls1 ws0\">s<span class=\"ls53\">ervice comp<span class=\"_ _2\"></span>onent <span class=\"_ _2\"></span>of le<span class=\"_ _2\"></span>ases.<span class=\"_ _2\"></span></span><span class=\"ff100\"> </span></span></div><div class=\"t m0 hac fffe fs39 fc2 sc0 ls49 wsaa gs2da\">Subse<span class=\"_ _2\"></span>que<span class=\"_ _2\"></span>nt t<span class=\"_ _2\"></span>o ini<span class=\"_ _2\"></span>tial<span class=\"_ _2\"></span> re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on, <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>ord<span class=\"_ _2\"></span>s an i<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>res<span class=\"_ _2\"></span>t c<span class=\"_ _2\"></span>harg<span class=\"_ _2\"></span>e in r<span class=\"_ _2\"></span>esp<span class=\"_ _2\"></span>ect<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he<span class=\"ls1 ws0\"> <span class=\"ls54 ws70\">lease liability. </span> </span></div><div class=\"t m0 h7e fffd fs39 fc9 sc0 ls72 ws32 gs2db\">(iii) L<span class=\"_ _1\"></span>ease expenses<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac fffe fs39 fc2 sc0 ls4b ws77 gs2dc\">Short<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls49 wsaa\">term le<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span>s (d<span class=\"_ _2\"></span>efine<span class=\"_ _2\"></span>d <span class=\"_ _2\"></span>as les<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>han <span class=\"_ _2\"></span>one y<span class=\"_ _2\"></span>ear<span class=\"_ _2\"></span>) <span class=\"ws78\">a<span class=\"_ _2\"></span>nd</span></span> <span class=\"ls53 ws80\">low</span>-<span class=\"ls48 ws32\">value lease<span class=\"_ _2\"></span>s are exp<span class=\"_ _2\"></span>ensed i<span class=\"_ _2\"></span>n the i<span class=\"_ _2\"></span>ncome </span></span></div><div class=\"t m0 hac fffe fs39 fc2 sc0 ls49 ws78 gs2dd\">stat<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt.<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h7e fffd fs39 fc9 sc0 ls1 ws0 gs2de\">(<span class=\"_ _1\"></span><span class=\"ls4c wsaa\">iv<span class=\"_ _2\"></span>) Variable le<span class=\"_ _2\"></span>ase considerat<span class=\"_ _2\"></span>ion<span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 hac fffe fs39 fc2 sc0 ls49 wsaa gs2df\">The G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> oper<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>s <span class=\"ls46 ws6f\">ST<span class=\"_ _2\"></span>JS<span class=\"ls1 ws0\"> <span class=\"ls30 wsab\">and S<span class=\"_ _2\"></span>NAPS<span class=\"_ _2\"></span> Poo<span class=\"_ _2\"></span>l<span class=\"ls2f ws2f\">, deli<span class=\"_ _2\"></span>vering freight se<span class=\"_ _2\"></span>rvices to cu<span class=\"_ _2\"></span>stomers <span class=\"ls54 ws83\">in</span></span></span> <span class=\"ls4b ws49\">which e<span class=\"_ _2\"></span>xter<span class=\"_ _2\"></span>nal<span class=\"_ _2\"></span> </span></span></span></div><div class=\"t m0 hac fffe fs39 fc2 sc0 ls73 wsb6 gs2e0\">sh<span class=\"_ _1\"></span>ips pa<span class=\"_ _1\"></span>rti<span class=\"_ _1\"></span>cipa<span class=\"_ _1\"></span>te. T<span class=\"_ _1\"></span>he le<span class=\"_ _1\"></span>ase pa<span class=\"_ _1\"></span>yme<span class=\"_ _1\"></span>nts<span class=\"_ _1\"></span> to<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">extern<span class=\"_ _2\"></span>al p<span class=\"_ _2\"></span>arti<span class=\"_ _2\"></span>es ar<span class=\"_ _2\"></span>e e<span class=\"_ _2\"></span>ntire<span class=\"_ _2\"></span>ly v<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span> and t<span class=\"_ _2\"></span>her<span class=\"_ _2\"></span>efo<span class=\"_ _2\"></span>re <span class=\"_ _2\"></span>not </span></span></div><div class=\"t m0 hac fffe fs39 fc2 sc0 ls54 ws70 gs2e1\">included when calculating the lease liability. The <span class=\"_ _2\"></span>variable lease payment<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">is inc<span class=\"_ _2\"></span>lude<span class=\"_ _2\"></span>d i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he inc<span class=\"_ _2\"></span>ome </span></span></div><div class=\"t m0 hac fffe fs39 fc2 sc0 ls49 ws7c gs2e2\">stat<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt as <span class=\"ls1 ws0\">c<span class=\"ls2f ws92\">harter and lease expense</span>s<span class=\"ls5d ws92\">.<span class=\"_ _195\"> </span></span></span><span class=\"ls1 ws0\"><span class=\"ls5d ws92\"> </span></span><span class=\"ls1 ws0\"><span class=\"ls5d ws92\"><span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 ha6 ff10b fs3c fcb sc0 ls5a wsb4 gs302\">Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff10e fs39 fc2 sc0 ls49 wsaa gs303\">Good<span class=\"_ _2\"></span>will <span class=\"_ _2\"></span>rep<span class=\"_ _2\"></span>rese<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span> amo<span class=\"_ _2\"></span>unts <span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>sing<span class=\"_ _2\"></span> on t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> acqui<span class=\"_ _2\"></span>sit<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>subsi<span class=\"_ _2\"></span>di<span class=\"_ _2\"></span>arie<span class=\"_ _2\"></span>s, a<span class=\"_ _2\"></span>ssoci<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> vent<span class=\"_ _2\"></span>ur<span class=\"_ _2\"></span>es. </div><div class=\"t m0 hac ff10e fs39 fc2 sc0 ls48 ws32 gs304\">Goodwill <span class=\"_ _2\"></span>arising o<span class=\"_ _2\"></span>n acqui<span class=\"_ _2\"></span>sition r<span class=\"_ _2\"></span>eprese<span class=\"_ _2\"></span>nts the dif<span class=\"_ _2\"></span>feren<span class=\"_ _2\"></span>ce betwe<span class=\"_ _2\"></span>en the c<span class=\"_ _2\"></span>ost of<span class=\"_ _2\"></span> the acq<span class=\"_ _2\"></span>uisition a<span class=\"_ _2\"></span>nd the<span class=\"_ _2\"></span> </div><div class=\"t m0 hac ff10e fs39 fc2 sc0 ls49 wsaa gs305\">fair<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> net<span class=\"_ _2\"></span> ide<span class=\"_ _2\"></span>ntif<span class=\"_ _2\"></span>iab<span class=\"_ _2\"></span>le a<span class=\"_ _2\"></span>sse<span class=\"_ _2\"></span>ts a<span class=\"_ _2\"></span>cq<span class=\"_ _2\"></span>uired.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls61 wsac\">Identifiable intangible assets<span class=\"_ _2\"></span> are those that <span class=\"_ _2\"></span>can</span> <span class=\"_ _1\"></span><span class=\"ls48 ws72\">b<span class=\"_ _2\"></span>e </span></span></div><div class=\"t m0 hac ff10e fs39 fc2 sc0 ls48 ws32 gs306\">sold sep<span class=\"_ _2\"></span>arately, <span class=\"_ _2\"></span>or which<span class=\"_ _2\"></span> arise f<span class=\"_ _2\"></span>rom leg<span class=\"_ _2\"></span>al rights<span class=\"_ _2\"></span> regardl<span class=\"_ _2\"></span>ess of w<span class=\"_ _2\"></span>hether <span class=\"_ _2\"></span>those rig<span class=\"_ _2\"></span>hts are <span class=\"_ _2\"></span>separab<span class=\"_ _2\"></span>le.<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff10e fs39 fc2 sc0 ls49 wsaa gs307\">Good<span class=\"_ _2\"></span>will i<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>all<span class=\"_ _2\"></span>y re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>nised<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> cos<span class=\"_ _2\"></span>t a<span class=\"_ _2\"></span>nd i<span class=\"_ _2\"></span>s sub<span class=\"_ _2\"></span>seq<span class=\"_ _2\"></span>uentl<span class=\"_ _2\"></span>y m<span class=\"_ _2\"></span>easu<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>d at c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span> les<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>ny ac<span class=\"_ _2\"></span>cum<span class=\"_ _2\"></span>ulat<span class=\"_ _2\"></span>ed </div><div class=\"t m0 hac ff10e fs39 fc2 sc0 ls54 ws70 gs308\">impairment losses. Goodwill is<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">allocat<span class=\"_ _2\"></span>ed t<span class=\"_ _2\"></span>o c<span class=\"_ _2\"></span>ash<span class=\"_ _2\"></span></span>-<span class=\"ls49 ws7c\">generat<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> unit<span class=\"_ _2\"></span>s</span> <span class=\"ls53 ws80\">(CGU</span>) <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">and<span class=\"_ _2\"></span> is <span class=\"_ _2\"></span>not <span class=\"_ _2\"></span>amor<span class=\"_ _2\"></span>tise<span class=\"_ _2\"></span>d b<span class=\"_ _2\"></span>ut i<span class=\"_ _2\"></span>s </span></span></div><div class=\"t m0 hac ff10e fs39 fc2 sc0 ls49 wsaa gs309\">teste<span class=\"_ _2\"></span>d a<span class=\"_ _2\"></span>nnual<span class=\"_ _2\"></span>ly f<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span> impai<span class=\"_ _2\"></span>rme<span class=\"_ _2\"></span>nt,<span class=\"_ _2\"></span> or m<span class=\"_ _2\"></span>ore f<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>quentl<span class=\"_ _2\"></span>y w<span class=\"_ _2\"></span>hen t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span>re i<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>n ind<span class=\"_ _2\"></span>icat<span class=\"_ _2\"></span>ion t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>at the<span class=\"_ _2\"></span> CGU<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> </div><div class=\"t m0 hac ff10e fs39 fc2 sc0 ls49 wsaa gs30a\">impai<span class=\"_ _2\"></span>red<span class=\"_ _2\"></span>. Wit<span class=\"_ _2\"></span>h re<span class=\"_ _2\"></span>spec<span class=\"_ _2\"></span>t t<span class=\"_ _2\"></span>o a<span class=\"_ _2\"></span>ssoci<span class=\"_ _2\"></span>at<span class=\"_ _2\"></span>es a<span class=\"_ _2\"></span>nd j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> ve<span class=\"_ _2\"></span>nture<span class=\"_ _2\"></span>s, t<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>arry<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>g amo<span class=\"_ _2\"></span>unt<span class=\"_ _2\"></span> of g<span class=\"_ _2\"></span>ood<span class=\"_ _2\"></span>will i<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>uded<span class=\"_ _2\"></span> in </div><div class=\"t m0 hac ff10e fs39 fc2 sc0 ls61 wsac gs30b\">the carrying amount of<span class=\"_ _2\"></span> the i<span class=\"ls49 wsaa\">nv<span class=\"_ _2\"></span>estm<span class=\"_ _2\"></span>ent i<span class=\"_ _2\"></span>n th<span class=\"_ _2\"></span>e as<span class=\"_ _2\"></span>soci<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span> or j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> ve<span class=\"_ _2\"></span>nture<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 hac ff10e fs39 fc2 sc0 ls54 ws70 gs30c\">Goodwill is tested for impairment on <span class=\"_ _2\"></span>an annual basis for each CGU to which th<span class=\"_ _2\"></span>e goodwill is allocated. </div><div class=\"t m0 hac ff10e fs39 fc2 sc0 ls54 ws70 gs30d\">When goodwill is monitored at the<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">level<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>a gr<span class=\"_ _2\"></span>oup o<span class=\"_ _2\"></span>f C<span class=\"_ _2\"></span>GUs,<span class=\"_ _2\"></span> it i<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>est<span class=\"_ _2\"></span>ed f<span class=\"_ _2\"></span>or imp<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> le<span class=\"_ _2\"></span>vel.<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 hac ff10f fs39 fc2 sc0 ls4b ws71 gs30e\">The Gro<span class=\"_ _2\"></span>up\u2019s<span class=\"_ _2\"></span> <span class=\"ff10e ls49 ws78\">unimp<span class=\"_ _2\"></span>aired<span class=\"_ _2\"></span> <span class=\"wsaa\">good<span class=\"_ _2\"></span>will<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>ates<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> Tank<span class=\"_ _2\"></span>ers<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> Tank<span class=\"_ _2\"></span> C<span class=\"_ _2\"></span>ontai<span class=\"_ _2\"></span>ner <span class=\"_ _2\"></span>segm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s.<span class=\"_ _195\"> </span></span></span><span class=\"ff10e ls49 ws78\"><span class=\"wsaa\"> <span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 hac ff10e fs39 fc2 sc0 ls48 ws32 gs30f\">In the ca<span class=\"_ _2\"></span>se of b<span class=\"_ _2\"></span>argain pu<span class=\"_ _2\"></span>rchases<span class=\"_ _2\"></span>, the exce<span class=\"_ _2\"></span>ss of <span class=\"_ _2\"></span>net ass<span class=\"_ _2\"></span>ets acqui<span class=\"_ _2\"></span>red o<span class=\"_ _2\"></span>ver the fair<span class=\"_ _2\"></span> value <span class=\"_ _2\"></span>of the </div><div class=\"t m0 hac ff10e fs39 fc2 sc0 ls49 ws7c gs310\">consi<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on paid<span class=\"_ _2\"></span> arisi<span class=\"_ _2\"></span>ng on<span class=\"_ _2\"></span> an acq<span class=\"_ _2\"></span>uisi<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>on is<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">recognised i<span class=\"_ _2\"></span>n</span> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">o<span class=\"_ _2\"></span>the<span class=\"_ _2\"></span>r op<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ing i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 hac ff10e fs39 fc2 sc0 ls73 wsb6 gs311\">st<span class=\"_ _1\"></span>atem<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span> in the<span class=\"_ _1\"></span> perio<span class=\"_ _1\"></span>d in<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>wh<span class=\"_ _1\"></span>ich<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>the<span class=\"_ _1\"></span> acqu<span class=\"_ _1\"></span>isit<span class=\"_ _1\"></span>ion is<span class=\"_ _1\"></span> com<span class=\"_ _1\"></span>ple<span class=\"_ _1\"></span>ted.<span class=\"_ _195\"> </span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff112 fs39 fc2 sc0 ls49 wsaa gs313\">Other<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ang<span class=\"_ _2\"></span>ible<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>ets <span class=\"_ _2\"></span>wit<span class=\"_ _2\"></span>h fi<span class=\"_ _2\"></span>nit<span class=\"_ _2\"></span>e li<span class=\"_ _2\"></span>ves t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> acq<span class=\"_ _2\"></span>uir<span class=\"_ _2\"></span>ed b<span class=\"_ _2\"></span>y the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up <span class=\"_ _2\"></span>are st<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> cos<span class=\"_ _2\"></span>t le<span class=\"_ _2\"></span>ss <span class=\"_ _2\"></span>accum<span class=\"_ _2\"></span>ulat<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>amor<span class=\"_ _2\"></span>tis<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n and<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>impai<span class=\"_ _2\"></span>rm<span class=\"_ _2\"></span>ent l<span class=\"_ _2\"></span>osse<span class=\"_ _2\"></span>s. A<span class=\"_ _2\"></span>mort<span class=\"_ _2\"></span>isa<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n of<span class=\"_ _2\"></span> cust<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>mer c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span>s is c<span class=\"_ _2\"></span>har<span class=\"_ _2\"></span>ged<span class=\"_ _2\"></span> to o<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng </div><div class=\"t m0 hac ff112 fs39 fc2 sc0 ls48 ws32 gs314\">revenue o<span class=\"_ _2\"></span>ver the<span class=\"_ _2\"></span> life of<span class=\"_ _2\"></span> the <span class=\"ls2f ws2f\">cont<span class=\"_ _2\"></span>racts based on<span class=\"_ _2\"></span> the underlyi<span class=\"_ _2\"></span>ng cash f<span class=\"_ _2\"></span>lows. Other fi<span class=\"_ _2\"></span>nite<span class=\"ls1 ws0\">-<span class=\"ls49 wsaa\">lived i<span class=\"_ _2\"></span>nta<span class=\"_ _2\"></span>ngibl<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>are <span class=\"_ _2\"></span>charg<span class=\"_ _2\"></span>ed<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e st<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> unde<span class=\"_ _2\"></span>r op<span class=\"_ _2\"></span>era<span class=\"_ _2\"></span>ting<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>ens<span class=\"_ _2\"></span>es o<span class=\"_ _2\"></span>ver<span class=\"_ _2\"></span> the e<span class=\"_ _2\"></span>sti<span class=\"_ _2\"></span>mated<span class=\"_ _2\"></span> u<span class=\"_ _2\"></span>seful<span class=\"_ _2\"></span> liv<span class=\"_ _2\"></span>es of<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he </span></span></span></div><div class=\"t m0 hac ff112 fs39 fc2 sc0 ls49 wsaa gs315\">inta<span class=\"_ _2\"></span>ngibl<span class=\"_ _2\"></span>e a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span>s o<span class=\"_ _2\"></span>n a st<span class=\"_ _2\"></span>rai<span class=\"_ _2\"></span>ght<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls54 ws70\">li<span class=\"_ _2\"></span>ne basis. <span class=\"ls49 wsaa\">The<span class=\"_ _2\"></span> trad<span class=\"_ _2\"></span>ema<span class=\"_ _2\"></span>rk i<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span>angibl<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> was<span class=\"_ _2\"></span> amort<span class=\"_ _2\"></span>ise<span class=\"_ _2\"></span>d o<span class=\"_ _2\"></span>ver <span class=\"_ _2\"></span>a <span class=\"ls48 ws72\">ten<span class=\"ls1 ws0\">-</span></span></span>year lif<span class=\"ls1 ws0\">e,<span class=\"_ _1\"></span> <span class=\"ls48 ws32\">while t<span class=\"_ _2\"></span>he custo<span class=\"_ _2\"></span>mer rel<span class=\"_ _2\"></span>ations a<span class=\"_ _2\"></span>nd contr<span class=\"_ _2\"></span>act int<span class=\"_ _2\"></span>angibles we<span class=\"_ _2\"></span>re amor<span class=\"_ _2\"></span>tised fr<span class=\"_ _2\"></span>om tw<span class=\"_ _2\"></span>o to 14 <span class=\"_ _2\"></span>years.<span class=\"_ _2\"></span></span> <span class=\"_ _1\"></span><span class=\"ls4b ws77\">Bot<span class=\"_ _2\"></span>h </span></span></span></span></div><div class=\"t m0 hac ff112 fs39 fc2 sc0 ls54 ws70 gs316\">intangibles were retired during 2024.<span class=\"ls1 ws0\"> C<span class=\"ls53\">omputer s<span class=\"_ _2\"></span>oftware<span class=\"_ _2\"></span> is am<span class=\"_ _2\"></span>orti<span class=\"_ _2\"></span>sed ov<span class=\"_ _2\"></span>er a<span class=\"_ _2\"></span>n avera<span class=\"_ _2\"></span>ge lif<span class=\"_ _2\"></span>e of t<span class=\"_ _2\"></span>hree t<span class=\"_ _2\"></span>o <span class=\"ls61 ws89\">ten</span></span> <span class=\"ls48 ws72\">years</span>. </span></div><div class=\"t m0 hac ff112 fs39 fc2 sc0 ls54 ws70 gs317\">See Note 14 for the accounting p<span class=\"_ _2\"></span>olicy for the impairment of intangible assets wit<span class=\"_ _2\"></span>h finite lives.<span class=\"_ _195\"> </span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h7e ff121 fs39 fc9 sc0 ls46 ws92 gs359\">(i) A<span class=\"_ _2\"></span>ssoc<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>tes<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff122 fs39 fc2 sc0 ls54 ws70 gs35a\">Associates are those entities over which the <span class=\"_ _2\"></span>Group is able to exercise significa<span class=\"_ _2\"></span>nt influence but <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff123 fs39 fc2 sc0 ls49 wsaa gs35b\">does<span class=\"_ _2\"></span> not <span class=\"_ _2\"></span>cont<span class=\"_ _2\"></span>rol<span class=\"_ _2\"></span> or j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span>ly c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>ol <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>entit<span class=\"_ _2\"></span>ies<span class=\"_ _2\"></span>\u2019 fi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> ope<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ng p<span class=\"_ _2\"></span>olic<span class=\"_ _2\"></span>ies.<span class=\"_ _2\"></span> Sig<span class=\"_ _2\"></span>nif<span class=\"_ _2\"></span>icant<span class=\"_ _2\"></span> inf<span class=\"_ _2\"></span>lue<span class=\"_ _2\"></span>nce i<span class=\"_ _2\"></span>s </div><div class=\"t m0 hac ff122 fs39 fc2 sc0 ls2f ws2f gs35c\">exercised generall<span class=\"_ _2\"></span>y through dir<span class=\"_ _2\"></span>ect or indir<span class=\"_ _2\"></span>ect ownership of<span class=\"_ _2\"></span> 20% to <span class=\"_ _2\"></span>50% of<span class=\"ls1 ws0\"> <span class=\"ls61 wsac\">the voting rights. </span></span></div><div class=\"t m0 hac ff122 fs39 fc2 sc0 ls49 ws78 gs35d\">Such<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">i<span class=\"_ _2\"></span>nve<span class=\"_ _2\"></span>stme<span class=\"_ _2\"></span>nts i<span class=\"_ _2\"></span>n as<span class=\"_ _2\"></span>soci<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>re rec<span class=\"_ _2\"></span>ord<span class=\"_ _2\"></span>ed i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he C<span class=\"_ _2\"></span>onsoli<span class=\"_ _2\"></span>dat<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>Fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al S<span class=\"_ _2\"></span>tate<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>using<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 hac ff122 fs39 fc2 sc0 ls48 ws32 gs35e\">equity met<span class=\"_ _2\"></span>hod and<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">are</span> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">i<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>all<span class=\"_ _2\"></span>y re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>nised<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> cos<span class=\"_ _2\"></span>t. T<span class=\"_ _2\"></span>he<span class=\"ls1 ws0\"> </span>Cons<span class=\"_ _2\"></span>olid<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>d Fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al S<span class=\"_ _2\"></span>tat<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>ude<span class=\"_ _2\"></span> the </span></span></div><div class=\"t m0 hac ff123 fs39 fc2 sc0 ls49 wsaa gs35f\">Group<span class=\"_ _2\"></span>\u2019s <span class=\"_ _2\"></span>shar<span class=\"_ _2\"></span>e o<span class=\"ff122\">f<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e tot<span class=\"_ _2\"></span>al c<span class=\"_ _2\"></span>omp<span class=\"_ _2\"></span>rehe<span class=\"_ _2\"></span>nsi<span class=\"_ _2\"></span>ve inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> of<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">assoc<span class=\"_ _2\"></span>iates ba<span class=\"_ _2\"></span>sed on t<span class=\"_ _2\"></span>he equit<span class=\"_ _2\"></span>y method <span class=\"_ _2\"></span></span> </span></span></div><div class=\"t m0 hac ff122 fs39 fc2 sc0 ls49 wsaa gs360\">of ac<span class=\"_ _2\"></span>count<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span>, fr<span class=\"_ _2\"></span>om t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> date<span class=\"_ _2\"></span> tha<span class=\"_ _2\"></span>t s<span class=\"_ _2\"></span>ignif<span class=\"_ _2\"></span>ic<span class=\"_ _2\"></span>ant i<span class=\"_ _2\"></span>nfl<span class=\"_ _2\"></span>uence<span class=\"_ _2\"></span> beg<span class=\"_ _2\"></span>ins<span class=\"_ _2\"></span> unti<span class=\"_ _2\"></span>l t<span class=\"_ _2\"></span>he d<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> sig<span class=\"_ _2\"></span>nif<span class=\"_ _2\"></span>ic<span class=\"_ _2\"></span>ant <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff122 fs39 fc2 sc0 ls49 wsaa gs361\">infl<span class=\"_ _2\"></span>uence<span class=\"_ _2\"></span> ce<span class=\"_ _2\"></span>ases.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff122 fs39 fc2 sc0 ls48 ws32 gs362\">Investment<span class=\"_ _2\"></span>s in a<span class=\"_ _2\"></span>ssociates<span class=\"_ _2\"></span> are ca<span class=\"_ _2\"></span>rried i<span class=\"_ _2\"></span>n the bal<span class=\"_ _2\"></span>ance s<span class=\"_ _2\"></span>heet at co<span class=\"_ _2\"></span>st as ad<span class=\"_ _2\"></span>justed by p<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls49 ws78\">acquisi<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n </span></span></div><div class=\"t m0 hac ff123 fs39 fc2 sc0 ls49 wsaa gs363\">chang<span class=\"_ _2\"></span>es i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup<span class=\"_ _2\"></span>\u2019s <span class=\"_ _2\"></span>share<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>net<span class=\"_ _2\"></span> asse<span class=\"_ _2\"></span>ts of<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e as<span class=\"_ _2\"></span>soci<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>, le<span class=\"_ _2\"></span>ss <span class=\"_ _2\"></span>any i<span class=\"_ _2\"></span>mpai<span class=\"_ _2\"></span>rme<span class=\"_ _2\"></span>nt i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he v<span class=\"_ _2\"></span>alue o<span class=\"_ _2\"></span>f </div><div class=\"t m0 hac ff122 fs39 fc2 sc0 ls49 wsaa gs364\">indivi<span class=\"_ _2\"></span>du<span class=\"_ _2\"></span>al i<span class=\"_ _2\"></span>nves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nts.<span class=\"_ _2\"></span> Whe<span class=\"_ _2\"></span>re ne<span class=\"_ _2\"></span>ces<span class=\"_ _2\"></span>sary<span class=\"_ _2\"></span>, ad<span class=\"_ _2\"></span>justm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e ma<span class=\"_ _2\"></span>d<span class=\"ls48 ws32\">e t<span class=\"_ _2\"></span>o the <span class=\"ls1 ws0\">F</span></span><span class=\"ws78\">ina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al </span>Statem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> </div><div class=\"t m0 hac ff122 fs39 fc2 sc0 ls54 ws70 gs365\">associates to bring the accounting policies used into li<span class=\"_ _2\"></span>ne with those used by the<span class=\"_ _2\"></span> Group.<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff123 fs39 fc2 sc0 ls49 wsaa gs366\">When<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Gro<span class=\"_ _2\"></span>up\u2019s<span class=\"_ _2\"></span> sha<span class=\"_ _2\"></span>re <span class=\"_ _2\"></span>of lo<span class=\"_ _2\"></span>sses<span class=\"_ _2\"></span> exce<span class=\"_ _2\"></span>eds<span class=\"_ _2\"></span> its<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st i<span class=\"_ _2\"></span>n an<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>oci<span class=\"_ _2\"></span>ate, t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s carr<span class=\"_ _2\"></span>yi<span class=\"_ _2\"></span>ng am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> </div><div class=\"t m0 hac ff122 fs39 fc2 sc0 ls2f ws92 gs367\">reduced to nil and recognition of<span class=\"ls1 ws0\"> <span class=\"ls73 wsb6\">fu<span class=\"_ _1\"></span>rth<span class=\"_ _1\"></span>er lo<span class=\"_ _1\"></span>sses<span class=\"_ _1\"></span> is<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">di<span class=\"_ _2\"></span>sco<span class=\"_ _2\"></span>nti<span class=\"_ _2\"></span>nued e<span class=\"_ _2\"></span>xc<span class=\"_ _2\"></span>ept<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he ext<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>hat t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> h<span class=\"_ _2\"></span>as </span></span></span></span></div><div class=\"t m0 hac ff122 fs39 fc2 sc0 ls49 wsaa gs368\">incu<span class=\"_ _2\"></span>rred<span class=\"_ _2\"></span> leg<span class=\"_ _2\"></span>al o<span class=\"_ _2\"></span>r co<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ucti<span class=\"_ _2\"></span>ve <span class=\"_ _2\"></span>obli<span class=\"_ _2\"></span>gati<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span> or m<span class=\"_ _2\"></span>ade<span class=\"_ _2\"></span> pay<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s on<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws7c\">behalf o<span class=\"_ _2\"></span>f an<span class=\"ls1 ws0\"> </span><span class=\"ws78\">assoc<span class=\"_ _2\"></span>iat<span class=\"_ _2\"></span>e.<span class=\"_ _195\"> </span></span></span><span class=\"ws7c\"><span class=\"ws78\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 h7e ff121 fs39 fc9 sc0 ls46 ws92 gs369\">(ii<span class=\"_ _2\"></span>) Join<span class=\"_ _2\"></span>t Ve<span class=\"_ _2\"></span>ntu<span class=\"_ _2\"></span>res<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff122 fs39 fc2 sc0 ls49 wsaa gs36a\">Joint<span class=\"_ _2\"></span> ve<span class=\"_ _2\"></span>ntur<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>are t<span class=\"_ _2\"></span>hose<span class=\"_ _2\"></span> ent<span class=\"_ _2\"></span>itie<span class=\"_ _2\"></span>s ove<span class=\"_ _2\"></span>r <span class=\"_ _2\"></span>whose<span class=\"_ _2\"></span> ac<span class=\"_ _2\"></span>tivit<span class=\"_ _2\"></span>ies<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e Gro<span class=\"_ _2\"></span>up <span class=\"_ _2\"></span>has<span class=\"_ _2\"></span> joint<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntrol<span class=\"_ _2\"></span>, <span class=\"_ _2\"></span>estab<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>shed<span class=\"_ _2\"></span> by </div><div class=\"t m0 hac ff122 fs39 fc2 sc0 ls49 wsaa gs36b\">cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>ual <span class=\"_ _2\"></span>agre<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt. <span class=\"_ _2\"></span>Joint<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntr<span class=\"_ _2\"></span>ol r<span class=\"_ _2\"></span>equi<span class=\"_ _2\"></span>res<span class=\"_ _2\"></span> unani<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>us co<span class=\"_ _2\"></span>nsen<span class=\"_ _2\"></span>t <span class=\"_ _2\"></span>of th<span class=\"_ _2\"></span>e p<span class=\"_ _2\"></span>artie<span class=\"_ _2\"></span>s sh<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>ng c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>ol <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff122 fs39 fc2 sc0 ls48 ws32 gs36c\">in the d<span class=\"_ _2\"></span>ecision<span class=\"ls1 ws0\">-<span class=\"ls49 wsaa\">maki<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>on rel<span class=\"_ _2\"></span>ev<span class=\"_ _2\"></span>ant<span class=\"_ _2\"></span> acti<span class=\"_ _2\"></span>viti<span class=\"_ _2\"></span>es.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span> Co<span class=\"_ _2\"></span>nsoli<span class=\"_ _2\"></span>date<span class=\"_ _2\"></span>d Fi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> Stat<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nts i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>ude t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 hac ff123 fs39 fc2 sc0 ls49 wsaa gs36d\">Group<span class=\"_ _2\"></span>\u2019s <span class=\"_ _2\"></span>shar<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> tot<span class=\"_ _2\"></span>al c<span class=\"_ _2\"></span>ompr<span class=\"_ _2\"></span>ehe<span class=\"_ _2\"></span>nsi<span class=\"_ _2\"></span>ve inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>joi<span class=\"_ _2\"></span>nt ve<span class=\"_ _2\"></span>ntu<span class=\"_ _2\"></span>res <span class=\"_ _2\"></span>bas<span class=\"_ _2\"></span>ed on<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e equi<span class=\"_ _2\"></span>ty m<span class=\"_ _2\"></span>eth<span class=\"_ _2\"></span>od of<span class=\"_ _2\"></span> </div><div class=\"t m0 hac ff122 fs39 fc2 sc0 ls61 wsac gs36e\">accounting, from the d<span class=\"_ _2\"></span>ate that joint control b<span class=\"_ _2\"></span>egins until the<span class=\"_ _2\"></span> d<span class=\"ls49 wsaa\">ate<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>at j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> cont<span class=\"_ _2\"></span>rol<span class=\"_ _2\"></span> cea<span class=\"_ _2\"></span>ses.<span class=\"_ _2\"></span> Whe<span class=\"_ _2\"></span>re </span></div><div class=\"t m0 hac ff122 fs39 fc2 sc0 ls49 wsaa gs36f\">nece<span class=\"_ _2\"></span>ssar<span class=\"_ _2\"></span>y, ad<span class=\"_ _2\"></span>jus<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nts <span class=\"_ _2\"></span>are<span class=\"_ _2\"></span> mad<span class=\"_ _2\"></span>e to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al S<span class=\"_ _2\"></span>tat<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> vent<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>s to b<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>he </div><div class=\"t m0 hac ff122 fs39 fc2 sc0 ls54 ws70 gs370\">accounting policies used into line with those<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">used by t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up.</span> </span></div><div class=\"t m0 hac ff122 fs39 fc2 sc0 ls49 wsaa gs371\">Mater<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> inve<span class=\"_ _2\"></span>stm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>ose t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Gr<span class=\"_ _2\"></span>oup c<span class=\"_ _2\"></span>onsi<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span><span class=\"ls1 ws0\">s <span class=\"_ _1\"></span><span class=\"ls61 wsac\">to be str<span class=\"_ _2\"></span>ategic to <span class=\"ls54 ws83\">its<span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">operat<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>ns</span> <span class=\"ls49 ws7c\">and w<span class=\"_ _2\"></span>hose </span></span></span></span></span></div><div class=\"t m0 hac ff122 fs39 fc2 sc0 ls49 wsaa gs372\">inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt bal<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>nce<span class=\"ls1 ws0\">s </span><span class=\"ws78\">are<span class=\"ls1 ws0\"> </span>materi<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span><span class=\"ls61 ws89\">.<span class=\"_ _195\"> </span></span></span><span class=\"ws78\"><span class=\"ls61 ws89\"> </span></span><span class=\"ws78\"><span class=\"ls61 ws89\"><span class=\"ls1 ws0\"> </span></span></span></div>Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span>Inves<span class=\"_ _2\"></span>tment<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>n eq<span class=\"_ _2\"></span>uit<span class=\"_ _2\"></span>y in<span class=\"_ _2\"></span>stru<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s <span class=\"ws78\">t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls48 ws7d\">a<span class=\"_ _2\"></span>re designated a<span class=\"_ _2\"></span>s fair value throug<span class=\"_ _2\"></span>h other compreh<span class=\"_ _2\"></span>ensive </span></span></span>incom<span class=\"_ _2\"></span>e (<span class=\"_ _2\"></span>FVTOC<span class=\"_ _2\"></span>I) <span class=\"_ _2\"></span>are<span class=\"_ _2\"></span> carr<span class=\"_ _2\"></span>ied<span class=\"_ _2\"></span> at t<span class=\"_ _2\"></span>heir<span class=\"_ _2\"></span> fair<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>reme<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>ed e<span class=\"_ _2\"></span>ach p<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>od.<span class=\"_ _2\"></span> Mov<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nts i<span class=\"_ _2\"></span>n th<span class=\"_ _2\"></span>e carryi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> amo<span class=\"_ _2\"></span>unt<span class=\"_ _2\"></span> are t<span class=\"_ _2\"></span>ake<span class=\"_ _2\"></span>n thr<span class=\"_ _2\"></span>oug<span class=\"_ _2\"></span>h o<span class=\"_ _2\"></span>ther<span class=\"_ _2\"></span> com<span class=\"_ _2\"></span>pre<span class=\"_ _2\"></span>hensi<span class=\"_ _2\"></span>ve<span class=\"_ _2\"></span> inco<span class=\"_ _2\"></span>me. <span class=\"_ _2\"></span>Upo<span class=\"_ _2\"></span>n di<span class=\"_ _2\"></span>spos<span class=\"_ _2\"></span>al of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span>se<span class=\"_ _2\"></span> equi<span class=\"_ _2\"></span>ty inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span>, a<span class=\"ls59 ws95\">ny<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls60 wsd1\">balan<span class=\"_ _1\"></span>ce with<span class=\"_ _1\"></span>in other<span class=\"_ _1\"></span> compr<span class=\"_ _1\"></span>ehens<span class=\"_ _1\"></span>ive inco<span class=\"_ _1\"></span>me for th<span class=\"_ _1\"></span>ese equ<span class=\"_ _1\"></span>ity inv<span class=\"_ _1\"></span>estme<span class=\"_ _1\"></span>nts is </span></span></span>reclassified to ret<span class=\"_ _2\"></span>ained earni<span class=\"_ _2\"></span>ngs and is n<span class=\"_ _2\"></span>ot reclassifi<span class=\"_ _2\"></span>ed to profit <span class=\"_ _2\"></span>or loss. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Equity<span class=\"_ _2\"></span> <span class=\"ls4b ws53\">and deb<span class=\"_ _2\"></span>t </span>inves<span class=\"_ _2\"></span>tmen<span class=\"_ _2\"></span>ts<span class=\"ls1 ws0\"> </span>At November 30, 20<span class=\"ls1 ws0\">25<span class=\"_ _1\"></span><span class=\"ls30 ws50\">, the<span class=\"_ _2\"></span> Gr<span class=\"_ _2\"></span>oup had<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>nvestm<span class=\"_ _2\"></span>ent<span class=\"ls1 ws0\">s <span class=\"ls49 ws73\">in Gola<span class=\"_ _2\"></span>r, GBL<span class=\"_ _2\"></span>,</span> <span class=\"ls2f ws70\">Odfjell SE</span> </span><span class=\"ws52\">and<span class=\"ls1 ws0\"> <span class=\"ls57 ws86\">K<span class=\"_ _1\"></span>ingf<span class=\"_ _1\"></span>ish <span class=\"ls30 ws52\">that have </span></span></span></span></span></span>been<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">de<span class=\"_ _2\"></span>signated as<span class=\"ls1 ws0\"> <span class=\"ls30 ws4f\">FVTOC<span class=\"_ _2\"></span>I as <span class=\"ws50\">they<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> not<span class=\"_ _2\"></span> held<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span> tradi<span class=\"_ _2\"></span>ng by<span class=\"_ _2\"></span></span></span> <span class=\"ls30 ws50\">the G<span class=\"_ _2\"></span>roup.</span> <span class=\"ls30 ws4f\">The<span class=\"_ _2\"></span> Group als<span class=\"_ _2\"></span>o held </span></span></span></span>$19.5 million <span class=\"_ _2\"></span>of unlisted eq<span class=\"_ _2\"></span>uity in<span class=\"_ _2\"></span>vestments and<span class=\"_ _2\"></span> $14.7 million<span class=\"_ _2\"></span> of unlisted c<span class=\"_ _2\"></span>onvertible deb<span class=\"_ _2\"></span>t instr<span class=\"_ _2\"></span>ument<span class=\"_ _2\"></span>s, <span class=\"ws50\">these a<span class=\"_ _2\"></span>re m<span class=\"_ _2\"></span>easur<span class=\"_ _2\"></span>ed<span class=\"_ _2\"></span> at f<span class=\"_ _2\"></span>air v<span class=\"_ _2\"></span>alue i<span class=\"_ _2\"></span>n li<span class=\"_ _2\"></span>ne wi<span class=\"_ _2\"></span>th I<span class=\"_ _2\"></span>FRS 9<span class=\"_ _2\"></span>, w<span class=\"_ _2\"></span>hich<span class=\"_ _2\"></span>, in th<span class=\"_ _2\"></span>e ab<span class=\"_ _2\"></span>sence<span class=\"_ _2\"></span> of e<span class=\"_ _2\"></span>quiv<span class=\"_ _2\"></span>alent<span class=\"_ _2\"></span> </span>assets<span class=\"_ _2\"></span> where m<span class=\"_ _2\"></span>arke<span class=\"_ _2\"></span>t values<span class=\"_ _2\"></span> are asc<span class=\"_ _2\"></span>erta<span class=\"_ _2\"></span>inabl<span class=\"_ _2\"></span>e, is ass<span class=\"_ _2\"></span>umed<span class=\"_ _2\"></span> to be equal<span class=\"_ _2\"></span> to amo<span class=\"_ _2\"></span>rtise<span class=\"_ _2\"></span>d cost.<span class=\"_ _2\"></span> Given t<span class=\"_ _2\"></span>he value <span class=\"_ _2\"></span>of e<span class=\"_ _2\"></span>quity<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> debt<span class=\"_ _2\"></span> inves<span class=\"_ _2\"></span>tm<span class=\"_ _2\"></span>ents a<span class=\"_ _2\"></span>nd th<span class=\"_ _2\"></span>e ti<span class=\"_ _2\"></span>ming<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he ad<span class=\"_ _2\"></span>ditio<span class=\"_ _2\"></span>ns<span class=\"_ _2\"></span><span class=\"ws4f\">, a signif<span class=\"_ _2\"></span>ica<span class=\"_ _2\"></span>nt prop<span class=\"_ _2\"></span>ortio<span class=\"_ _2\"></span>n of </span>which<span class=\"_ _2\"></span> occu<span class=\"_ _2\"></span>rred d<span class=\"_ _2\"></span>uring<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>is fi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>ial ye<span class=\"_ _2\"></span>ar, t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup<span class=\"_ _2\"></span> consi<span class=\"_ _2\"></span>ders<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>at th<span class=\"_ _2\"></span>ere w<span class=\"_ _2\"></span>ill b<span class=\"_ _2\"></span>e no<span class=\"_ _2\"></span> mate<span class=\"_ _2\"></span>rial differe<span class=\"ls30 ws50\">nce b<span class=\"_ _2\"></span>etwe<span class=\"_ _2\"></span>en am<span class=\"_ _2\"></span>ortis<span class=\"_ _2\"></span>ed c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span> and f<span class=\"_ _2\"></span>air <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span></span><span class=\"ws70\">. Addi<span class=\"_ _2\"></span>tions to unlis<span class=\"_ _2\"></span>ted equity <span class=\"_ _2\"></span>and debt inves<span class=\"_ _2\"></span>tments </span>during the yea<span class=\"_ _2\"></span>r totalled $12.9<span class=\"_ _2\"></span> million<span class=\"_ _2\"></span> and $12.0<span class=\"_ _2\"></span> million, respec<span class=\"_ _2\"></span>tively.<span class=\"ls1 ws0\"> </span>During<span class=\"_ _2\"></span> the y<span class=\"_ _2\"></span>ear<span class=\"_ _2\"></span> ende<span class=\"_ _2\"></span>d No<span class=\"_ _2\"></span>vembe<span class=\"_ _2\"></span>r 30<span class=\"_ _2\"></span>, 202<span class=\"_ _2\"></span>5<span class=\"ws4f\">, the<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span> acqui<span class=\"_ _2\"></span>red a f<span class=\"_ _2\"></span>urthe<span class=\"_ _2\"></span>r <span class=\"ls31 ws53\">8,314,573 <span class=\"_ _1\"></span><span class=\"ls47 ws82\">shares o<span class=\"_ _1\"></span>f </span></span></span>Kingfish<span class=\"ls1 ws0\"> </span><span class=\"ws70\">for $3<span class=\"ls4c ws79\">.7<span class=\"ls1 ws0\"> </span></span></span>million.<span class=\"ls1 ws0\"> </span>During<span class=\"_ _2\"></span> the y<span class=\"_ _2\"></span>ear<span class=\"_ _2\"></span> ende<span class=\"_ _2\"></span>d No<span class=\"_ _2\"></span>vembe<span class=\"_ _2\"></span>r 30<span class=\"_ _2\"></span>, 202<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\">, <span class=\"ls31 ws51\">th<span class=\"_ _1\"></span>e G<span class=\"_ _2\"></span>roup disposed of 1,750,000 shares of GBL for $2.1 </span></span>million, resul<span class=\"_ _2\"></span>ting in a g<span class=\"_ _2\"></span>ain of $0.5<span class=\"_ _2\"></span> million<span class=\"_ _2\"></span><span class=\"ls1 ws0\">,<span class=\"_ _1\"></span> <span class=\"ls30 ws50\">which<span class=\"_ _2\"></span> has<span class=\"_ _2\"></span> been<span class=\"_ _2\"></span> trans<span class=\"_ _2\"></span>ferr<span class=\"_ _2\"></span>ed to<span class=\"_ _2\"></span> ret<span class=\"_ _2\"></span>ained<span class=\"_ _2\"></span> ear<span class=\"_ _2\"></span>nings<span class=\"_ _2\"></span></span>. </span>During<span class=\"_ _2\"></span> the <span class=\"ws52\">y<span class=\"_ _2\"></span>ear<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls61 ws89\">e<span class=\"_ _2\"></span>nded <span class=\"ls31 ws51\">N<span class=\"_ _1\"></span>ovembe<span class=\"_ _2\"></span>r 30<span class=\"ff14c\">, 2025, the Group subscribed for $12.0 million in Golar\u2019s $500.0 </span></span></span></span></span>million 2.75<span class=\"_ _2\"></span>% Convertible <span class=\"_ _2\"></span>Senior Notes d<span class=\"_ _2\"></span>ue 2030 (t<span class=\"_ _2\"></span>he Golar No<span class=\"_ _2\"></span>tes). The Gola<span class=\"_ _2\"></span>r Notes are<span class=\"_ _2\"></span> convertible to 17.3834 common shares per $1,000 principal amount of the Golar Notes and redeemable by Go<span class=\"ls30 ws50\">lar<span class=\"_ _2\"></span> at <span class=\"_ _2\"></span>their<span class=\"_ _2\"></span> opti<span class=\"_ _2\"></span>on af<span class=\"_ _2\"></span>ter <span class=\"_ _2\"></span>Decem<span class=\"_ _2\"></span>ber 2<span class=\"_ _2\"></span>0, 20<span class=\"_ _2\"></span>28 <span class=\"_ _2\"></span>under<span class=\"_ _2\"></span> cer<span class=\"_ _2\"></span>tain c<span class=\"_ _2\"></span>ondi<span class=\"_ _2\"></span>tions<span class=\"_ _2\"></span><span class=\"ls1 ws0\">. </span></span>During<span class=\"_ _2\"></span> the y<span class=\"_ _2\"></span>ear<span class=\"_ _2\"></span> ende<span class=\"_ _2\"></span>d No<span class=\"_ _2\"></span>vembe<span class=\"_ _2\"></span>r 30<span class=\"_ _2\"></span>, 202<span class=\"_ _2\"></span>4, <span class=\"_ _2\"></span>the G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> acqu<span class=\"_ _2\"></span>ired<span class=\"_ _2\"></span> a <span class=\"_ _2\"></span>furthe<span class=\"_ _2\"></span>r 3,2<span class=\"_ _2\"></span>25,000<span class=\"_ _2\"></span> sh<span class=\"_ _2\"></span>ares<span class=\"_ _2\"></span> of Od<span class=\"_ _2\"></span>fjel<span class=\"_ _2\"></span>l SE for $35.6 million.<span class=\"ls1 ws0\"> </span>During<span class=\"_ _2\"></span> the y<span class=\"_ _2\"></span>ear<span class=\"_ _2\"></span> ende<span class=\"_ _2\"></span>d No<span class=\"_ _2\"></span>vembe<span class=\"_ _2\"></span>r 30<span class=\"_ _2\"></span>, 202<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\">, </span><span class=\"ff14c\">GBL allo<span class=\"_ _2\"></span>tted 3<span class=\"_ _2\"></span>,880<span class=\"_ _2\"></span>,00<span class=\"_ _2\"></span>0 share<span class=\"_ _2\"></span>s, d<span class=\"_ _2\"></span>iluti<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span>\u2019s </span>shareh<span class=\"_ _2\"></span>oldi<span class=\"_ _2\"></span>ng to<span class=\"_ _2\"></span> 8.5%<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span>The Group rec<span class=\"_ _2\"></span>eived dividends of<span class=\"_ _2\"></span> $10<span class=\"_ _2\"></span>.5 million from<span class=\"_ _2\"></span> <span class=\"ws75\">Odfjell SE<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">and<span class=\"_ _2\"></span> $3.3 m<span class=\"_ _2\"></span>illi<span class=\"_ _2\"></span>on f<span class=\"_ _2\"></span>rom <span class=\"_ _2\"></span>Golar d<span class=\"_ _2\"></span>uri<span class=\"_ _2\"></span>ng th<span class=\"_ _2\"></span>e </span></span></span>year (2024: $13.4 million from <span class=\"ls2f ws70\">Odfjell SE<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">and<span class=\"_ _2\"></span> $2.7 milli<span class=\"_ _2\"></span>on from G<span class=\"_ _2\"></span>olar).<span class=\"ls1 ws0\"> </span></span></span></span><div class=\"t m0 ha6 ff15b fs3c fcb sc0 ls5a wsb4 gs3d5\">Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff15c fs39 fc2 sc0 ls49 wsaa gs3d6\">The G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> mai<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span>ains i<span class=\"_ _2\"></span>nsur<span class=\"_ _2\"></span>anc<span class=\"_ _2\"></span>e t<span class=\"_ _2\"></span>o co<span class=\"_ _2\"></span>ver <span class=\"_ _2\"></span>a nu<span class=\"_ _2\"></span>mber<span class=\"_ _2\"></span> of r<span class=\"_ _2\"></span>isk<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>udi<span class=\"_ _2\"></span>ng em<span class=\"_ _2\"></span>ploy<span class=\"_ _2\"></span>ee he<span class=\"_ _2\"></span>alt<span class=\"_ _2\"></span>h, w<span class=\"_ _2\"></span>orke<span class=\"_ _2\"></span>rs<span class=\"_ _2\"></span>\u2019 </div><div class=\"t m0 hac ff15d fs39 fc2 sc0 ls49 wsaa gs3d7\">compe<span class=\"_ _2\"></span>nsat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>, p<span class=\"_ _2\"></span>olluti<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>, dam<span class=\"_ _2\"></span>ag<span class=\"_ _2\"></span>es to<span class=\"_ _2\"></span> hul<span class=\"_ _2\"></span>l a<span class=\"_ _2\"></span>nd m<span class=\"_ _2\"></span>achi<span class=\"_ _2\"></span>nery<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span> eac<span class=\"_ _2\"></span>h <span class=\"_ _2\"></span>of our<span class=\"_ _2\"></span> shi<span class=\"_ _2\"></span>ps<span class=\"_ _2\"></span>, pr<span class=\"_ _2\"></span>opert<span class=\"_ _2\"></span>y d<span class=\"_ _2\"></span>amag<span class=\"_ _2\"></span>es, </div><div class=\"t m0 hac ff15d fs39 fc2 sc0 ls49 wsaa gs3d8\">war d<span class=\"_ _2\"></span>ama<span class=\"_ _2\"></span>ge an<span class=\"_ _2\"></span>d ge<span class=\"_ _2\"></span>ner<span class=\"_ _2\"></span>al l<span class=\"_ _2\"></span>iabil<span class=\"_ _2\"></span>iti<span class=\"_ _2\"></span>es f<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span> thi<span class=\"_ _2\"></span>rd<span class=\"ls1 ws0\">-<span class=\"ls2f ws2f\">party claims. T<span class=\"_ _2\"></span>he Grou<span class=\"_ _2\"></span><span class=\"ls30 wsab\">p reco<span class=\"_ _2\"></span>gnise<span class=\"_ _2\"></span>s a</span></span> </span>provi<span class=\"_ _2\"></span>sio<span class=\"_ _2\"></span>n f<span class=\"_ _2\"></span>or f<span class=\"_ _2\"></span>utur<span class=\"_ _2\"></span>e </div><div class=\"t m0 hac ff15d fs39 fc2 sc0 ls48 ws32 gs3d9\">expected p<span class=\"_ _2\"></span>ayments<span class=\"_ _2\"></span> to thir<span class=\"_ _2\"></span>d partie<span class=\"_ _2\"></span>s plus self<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls54 ws70\">insured liabilities (deductibles) in respect of all<span class=\"_ _2\"></span> claims </span></span></div><div class=\"t m0 hac ff15d fs39 fc2 sc0 ls48 ws32 gs3da\">(see Not<span class=\"_ _2\"></span>e 26).<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff15d fs39 fc2 sc0 ls49 wsaa gs3db\">The G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>se<span class=\"_ _2\"></span>s ins<span class=\"_ _2\"></span>uran<span class=\"_ _2\"></span>ce <span class=\"_ _2\"></span>reimb<span class=\"_ _2\"></span>urse<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>eiv<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span>s fr<span class=\"_ _2\"></span>om <span class=\"_ _2\"></span>insur<span class=\"_ _2\"></span>ers f<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span> thi<span class=\"_ _2\"></span>rd<span class=\"ls1 ws0\">-</span>part<span class=\"_ _2\"></span>y cl<span class=\"_ _2\"></span>aim<span class=\"_ _2\"></span>s at </div><div class=\"t m0 hac ff15d fs39 fc2 sc0 ls49 wsaa gs3dc\">the ti<span class=\"_ _2\"></span>me t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>overy<span class=\"_ _2\"></span> is <span class=\"_ _2\"></span>virt<span class=\"_ _2\"></span>ual<span class=\"_ _2\"></span>ly c<span class=\"_ _2\"></span>ertai<span class=\"_ _2\"></span>n. S<span class=\"_ _2\"></span>ubst<span class=\"_ _2\"></span>ant<span class=\"_ _2\"></span>iall<span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>all<span class=\"ls1 ws0\"> <span class=\"ls53\">of th<span class=\"_ _2\"></span>e long<span class=\"_ _2\"></span></span>-<span class=\"ls48 ws32\">term insurance<span class=\"_ _2\"></span> reimbur<span class=\"_ _2\"></span>sement </span></span></div><div class=\"t m0 hac ff15d fs39 fc2 sc0 ls54 ws70 gs3dd\">receivables are for claims such a<span class=\"_ _2\"></span>s collision, property d<span class=\"ls49 wsaa\">am<span class=\"_ _2\"></span>age, p<span class=\"_ _2\"></span>ol<span class=\"_ _2\"></span>luti<span class=\"_ _2\"></span>on,<span class=\"_ _2\"></span> envi<span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span>nment<span class=\"_ _2\"></span>al d<span class=\"_ _2\"></span>am<span class=\"_ _2\"></span>age, </span></div><div class=\"t m0 hac ff15d fs39 fc2 sc0 ls49 wsaa gs3de\">gener<span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>aver<span class=\"_ _2\"></span>age<span class=\"_ _2\"></span>, inj<span class=\"_ _2\"></span>ury<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> carg<span class=\"_ _2\"></span>o.<span class=\"_ _2\"></span> The l<span class=\"_ _2\"></span>iabil<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>ies<span class=\"_ _2\"></span> asso<span class=\"_ _2\"></span>ciat<span class=\"_ _2\"></span>ed w<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>h the<span class=\"_ _2\"></span> clai<span class=\"_ _2\"></span>ms <span class=\"_ _2\"></span>are e<span class=\"_ _2\"></span>sti<span class=\"_ _2\"></span>mate<span class=\"_ _2\"></span>d ba<span class=\"_ _2\"></span>sed <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff15d fs39 fc2 sc0 ls2f ws2f gs3df\">on the specific m<span class=\"_ _2\"></span>erits of <span class=\"_ _2\"></span>the individual cl<span class=\"_ _2\"></span>aims.<span class=\"_ _195\"> </span> <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff15e fs39 fc2 sc0 ls31 ws51 gs3e0\">At November 30, 2025 and 2024, respectively, the Group included $13.3<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">million and $<span class=\"_ _2\"></span>12.8 millio<span class=\"_ _2\"></span>n</span> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">f<span class=\"_ _2\"></span>or </span></span></div><div class=\"t m0 h98 ff15e fs39 fc2 sc0 ls30 ws52 gs3e1\">long<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">te<span class=\"_ _2\"></span>rm ins<span class=\"_ _2\"></span>uranc<span class=\"_ _2\"></span>e cl<span class=\"_ _2\"></span>aims<span class=\"_ _2\"></span> recei<span class=\"_ _2\"></span>vable<span class=\"_ _2\"></span>s. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 h98 ff15e fs39 fc2 sc0 ls2f ws70 gs3e2\">All of <span class=\"ff15f ls30 ws50\">the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up\u2019s<span class=\"_ _2\"></span></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">i<span class=\"_ _2\"></span>nsur<span class=\"_ _2\"></span>ance p<span class=\"_ _2\"></span>olic<span class=\"_ _2\"></span>ies are<span class=\"_ _2\"></span> s<span class=\"_ _2\"></span>ubjec<span class=\"_ _2\"></span>t to c<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>rage li<span class=\"_ _2\"></span>mi<span class=\"_ _2\"></span>ts, exc<span class=\"_ _2\"></span>lusi<span class=\"_ _2\"></span>ons <span class=\"_ _2\"></span>and d<span class=\"_ _2\"></span>educ<span class=\"_ _2\"></span>tible<span class=\"_ _2\"></span> level<span class=\"_ _2\"></span>s. </span></span></div><div class=\"t m0 h98 ff15e fs39 fc2 sc0 ls30 ws50 gs3e3\">While<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span> belie<span class=\"_ _2\"></span>ves<span class=\"_ _2\"></span> tha<span class=\"_ _2\"></span>t the<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">es<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>imated accr<span class=\"_ _2\"></span>ued claims reser<span class=\"_ _2\"></span>ves are adequ<span class=\"_ _2\"></span>ate, the ult<span class=\"_ _2\"></span>imate </span></span></div><div class=\"t m0 h98 ff15e fs39 fc2 sc0 ls2f ws70 gs3e4\">losses can diffe<span class=\"_ _2\"></span>r.<span class=\"_ _195\"> </span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 ha6 ff15b fs3c fcb sc0 ls5a wsb4 gs3e6\">Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff15d fs39 fc2 sc0 ls49 wsaa gs3e7\">Acco<span class=\"_ _2\"></span>unts<span class=\"_ _2\"></span> pay<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> ini<span class=\"_ _2\"></span>tiall<span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>valu<span class=\"_ _2\"></span>ed a<span class=\"_ _2\"></span>t th<span class=\"_ _2\"></span>eir f<span class=\"_ _2\"></span>air <span class=\"_ _2\"></span>val<span class=\"_ _2\"></span>ue <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>subse<span class=\"_ _2\"></span>que<span class=\"_ _2\"></span>ntly<span class=\"_ _2\"></span> at a<span class=\"_ _2\"></span>mort<span class=\"_ _2\"></span>ised<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>st. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff15d fs39 fc2 sc0 ls49 wsaa gs3e8\">A co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>t li<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>ity<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> the o<span class=\"_ _2\"></span>bli<span class=\"_ _2\"></span>gati<span class=\"_ _2\"></span>on t<span class=\"_ _2\"></span>o tr<span class=\"_ _2\"></span>ansf<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span> good<span class=\"_ _2\"></span>s or<span class=\"_ _2\"></span> ser<span class=\"_ _2\"></span>vic<span class=\"_ _2\"></span>es to<span class=\"_ _2\"></span> a c<span class=\"_ _2\"></span>ust<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span>r for<span class=\"_ _2\"></span> whi<span class=\"_ _2\"></span>ch t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> </div><div class=\"t m0 hac ff15d fs39 fc2 sc0 ls48 ws32 gs3e9\">has recei<span class=\"_ _2\"></span>ved or i<span class=\"_ _2\"></span>s entitl<span class=\"_ _2\"></span>ed to c<span class=\"_ _2\"></span>onsiderati<span class=\"_ _2\"></span>on. When<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">consid<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ion i<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>paid b<span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>a cust<span class=\"_ _2\"></span>omer<span class=\"_ _2\"></span> be<span class=\"_ _2\"></span>for<span class=\"_ _2\"></span>e the<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 hac ff15d fs39 fc2 sc0 ls54 ws70 gs3ea\">Group transfers goods or services to s<span class=\"_ _2\"></span>atisfy the performance obligation, a contract liabilit<span class=\"_ _2\"></span>y is </div><div class=\"t m0 hac ff15d fs39 fc2 sc0 ls54 ws70 gs3eb\">recognised. Contract liabilities are recognised as <span class=\"_ _2\"></span><span class=\"ls49 ws78\">oper<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng <span class=\"ls48 ws32\">revenue w<span class=\"_ _2\"></span>hen the<span class=\"_ _2\"></span> Group s<span class=\"_ _2\"></span>atisfies </span></span></div><div class=\"t m0 hac ff15d fs39 fc2 sc0 ls4b ws77 gs3ec\">the<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>ual <span class=\"_ _2\"></span>perf<span class=\"_ _2\"></span>orm<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> obli<span class=\"_ _2\"></span>gat<span class=\"_ _2\"></span>ions<span class=\"_ _2\"></span>.</span></span><span class=\"ls1 ws0\"><span class=\"ls49 wsaa\"><span class=\"_ _2\"></span></span> </span></div><div class=\"t m0 ha6 ff172 fs3c fcb sc0 ls4d ws7a gs434\">Accoun<span class=\"_ _2\"></span>ting <span class=\"_ _2\"></span>poli<span class=\"_ _2\"></span>cy for f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial in<span class=\"_ _2\"></span>strum<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls49 wsaa gs435\">IFRS<span class=\"_ _2\"></span> 9 co<span class=\"_ _2\"></span>ntai<span class=\"_ _2\"></span>ns a<span class=\"_ _2\"></span> cl<span class=\"_ _2\"></span>assif<span class=\"_ _2\"></span>icat<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>n a<span class=\"_ _2\"></span>nd me<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt ap<span class=\"_ _2\"></span>pro<span class=\"_ _2\"></span>ach<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span> fina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al as<span class=\"_ _2\"></span>set<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd li<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>itie<span class=\"_ _2\"></span>s,<span class=\"_ _2\"></span> </div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls49 wsaa gs436\">inclu<span class=\"_ _2\"></span>ding<span class=\"_ _2\"></span> der<span class=\"_ _2\"></span>iv<span class=\"_ _2\"></span>ativ<span class=\"_ _2\"></span>e inst<span class=\"_ _2\"></span>rum<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls73 wsb6\">tha<span class=\"_ _1\"></span>t refl<span class=\"_ _1\"></span>ects<span class=\"_ _1\"></span> the b<span class=\"_ _1\"></span>usin<span class=\"_ _1\"></span>ess m<span class=\"_ _1\"></span>ode<span class=\"_ _1\"></span>l in wh<span class=\"_ _1\"></span>ich as<span class=\"_ _1\"></span>sets<span class=\"_ _1\"></span> are ma<span class=\"_ _1\"></span>nag<span class=\"_ _1\"></span>ed <span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls2f ws2f gs437\">and their ca<span class=\"_ _2\"></span>sh flow charact<span class=\"_ _2\"></span>eristics. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls49 wsaa gs438\">Under<span class=\"_ _2\"></span> IFR<span class=\"_ _2\"></span>S 9<span class=\"_ _2\"></span>, all<span class=\"_ _2\"></span> fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al i<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>um<span class=\"_ _2\"></span>ents <span class=\"_ _2\"></span>are i<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>all<span class=\"_ _2\"></span>y me<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>ed a<span class=\"_ _2\"></span>t f<span class=\"_ _2\"></span>air <span class=\"_ _2\"></span>val<span class=\"_ _2\"></span>ue. I<span class=\"_ _2\"></span>n ad<span class=\"_ _2\"></span>diti<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>, for<span class=\"_ _2\"></span> fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al </div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls54 ws70 gs439\">assets or liabilities not<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">remea<span class=\"_ _2\"></span>sure<span class=\"_ _2\"></span>d at<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue t<span class=\"_ _2\"></span>hr<span class=\"_ _2\"></span>oug<span class=\"_ _2\"></span>h pro<span class=\"_ _2\"></span>fit <span class=\"_ _2\"></span>or l<span class=\"_ _2\"></span>oss<span class=\"_ _2\"></span>, fi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> inst<span class=\"_ _2\"></span>rum<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls49 wsaa gs43a\">adjust<span class=\"_ _2\"></span>ed<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span> tra<span class=\"_ _2\"></span>nsac<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n co<span class=\"_ _2\"></span>sts.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span> cl<span class=\"_ _2\"></span>assif<span class=\"_ _2\"></span>ic<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> </span>of a f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al as<span class=\"_ _2\"></span>set i<span class=\"_ _2\"></span>s d<span class=\"_ _2\"></span>eterm<span class=\"_ _2\"></span>ined<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws78\">initial<span class=\"_ _2\"></span> </span></div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls49 wsaa gs43b\">recog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on;<span class=\"_ _2\"></span> ho<span class=\"_ _2\"></span>wever<span class=\"_ _2\"></span>, if<span class=\"_ _2\"></span> cer<span class=\"_ _2\"></span>tai<span class=\"_ _2\"></span>n co<span class=\"_ _2\"></span>nditi<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>s are <span class=\"_ _2\"></span>met<span class=\"_ _2\"></span>, an<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>et m<span class=\"_ _2\"></span>ay s<span class=\"_ _2\"></span>ubse<span class=\"_ _2\"></span>quent<span class=\"_ _2\"></span>ly <span class=\"_ _2\"></span>need<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls48 ws32 gs43c\">be recla<span class=\"_ _2\"></span>ssified.<span class=\"_ _195\"> </span><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls54 ws70 gs43e\">IFRS 9 contains three principal classification c<span class=\"_ _2\"></span>ategories for financial assets, based on the<span class=\"_ _2\"></span> business </div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls48 ws7d gs43f\">models under whi<span class=\"_ _2\"></span>ch they are hel<span class=\"_ _2\"></span>d:<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls30 wsab gs440\">Amorti<span class=\"_ _2\"></span>sed <span class=\"_ _2\"></span>cost:<span class=\"_ _2\"></span> The <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> cla<span class=\"_ _2\"></span>ssif<span class=\"_ _2\"></span>ies it<span class=\"_ _2\"></span>s fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al as<span class=\"_ _2\"></span>sets <span class=\"_ _2\"></span>at amo<span class=\"_ _2\"></span>rtis<span class=\"_ _2\"></span>ed co<span class=\"_ _2\"></span>st o<span class=\"_ _2\"></span>nly if b<span class=\"_ _2\"></span>ot<span class=\"_ _2\"></span>h of th<span class=\"_ _2\"></span>e fol<span class=\"_ _2\"></span>lowi<span class=\"_ _2\"></span>ng </div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls2f ws92 gs441\">criteria are met: <span class=\"ls53 ws80\">(i) <span class=\"ls30 ws73\">the asset<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> held wit<span class=\"_ _2\"></span>hin a busi<span class=\"_ _2\"></span>ness<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">model<span class=\"_ _2\"></span> with the <span class=\"_ _2\"></span>objecti<span class=\"_ _2\"></span>ve of coll<span class=\"_ _2\"></span>ecting<span class=\"_ _2\"></span> the </span></span></span></span></div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls49 wsaa gs442\">cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>ual c<span class=\"_ _2\"></span>as<span class=\"_ _2\"></span>h fl<span class=\"_ _2\"></span>ows<span class=\"ls1 ws0\">; </span><span class=\"ws78\">and<span class=\"ls1 ws0\"> <span class=\"ls54 ws83\">(ii)</span> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">the<span class=\"_ _2\"></span> cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>ual<span class=\"_ _2\"></span> term<span class=\"_ _2\"></span>s gi<span class=\"_ _2\"></span>ve<span class=\"_ _2\"></span> rise<span class=\"_ _2\"></span> on<span class=\"_ _2\"></span> spec<span class=\"_ _2\"></span>ifi<span class=\"_ _2\"></span>ed d<span class=\"_ _2\"></span>ates t<span class=\"_ _2\"></span>o c<span class=\"_ _2\"></span>ash f<span class=\"_ _2\"></span>low<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>hat </span></span></span></div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls49 ws78 gs443\">are<span class=\"ls1 ws0\"> </span><span class=\"wsaa\">sole<span class=\"_ _2\"></span>ly p<span class=\"_ _2\"></span>ayme<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span> of pr<span class=\"_ _2\"></span>inc<span class=\"_ _2\"></span>ip<span class=\"_ _2\"></span>al a<span class=\"_ _2\"></span>nd i<span class=\"_ _2\"></span>nter<span class=\"_ _2\"></span>est o<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he pr<span class=\"_ _2\"></span>inci<span class=\"_ _2\"></span>pal<span class=\"_ _2\"></span> out<span class=\"_ _2\"></span>sta<span class=\"_ _2\"></span>ndin<span class=\"_ _2\"></span>g. I<span class=\"_ _2\"></span>nco<span class=\"_ _2\"></span>me fr<span class=\"_ _2\"></span>om t<span class=\"_ _2\"></span>hese<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al </span></div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls49 wsaa gs444\">asset<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>s inc<span class=\"_ _2\"></span>lud<span class=\"_ _2\"></span>ed i<span class=\"_ _2\"></span>n fi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>e i<span class=\"_ _2\"></span>ncome<span class=\"_ _2\"></span> usi<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>he<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">effecti<span class=\"_ _2\"></span>ve interest<span class=\"_ _2\"></span> rat<span class=\"_ _2\"></span>e method.<span class=\"_ _2\"></span> Th<span class=\"ff175\">e Gro<span class=\"_ _2\"></span>up\u2019s a<span class=\"_ _2\"></span>sset</span><span class=\"ls47 ws71\">s </span></span></span></div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls2f ws92 gs445\">measured at amortised cost include trade and other receivables, cash and cash equivalent<span class=\"_ _2\"></span>s and </div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls49 wsaa gs446\">adva<span class=\"_ _2\"></span>nces<span class=\"_ _2\"></span> fr<span class=\"_ _2\"></span>om joi<span class=\"_ _2\"></span>nt <span class=\"_ _2\"></span>vent<span class=\"_ _2\"></span>ures<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>ocia<span class=\"_ _2\"></span>tes.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls49 wsaa gs447\">Fair<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue t<span class=\"_ _2\"></span>hrou<span class=\"_ _2\"></span>gh ot<span class=\"_ _2\"></span>her<span class=\"_ _2\"></span> comp<span class=\"_ _2\"></span>reh<span class=\"_ _2\"></span>ensi<span class=\"_ _2\"></span>ve i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e (F<span class=\"_ _2\"></span>VTOC<span class=\"_ _2\"></span>I):<span class=\"_ _2\"></span> Asse<span class=\"_ _2\"></span>ts t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> held<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>r col<span class=\"_ _2\"></span>le<span class=\"_ _2\"></span>ctio<span class=\"_ _2\"></span>n of<span class=\"_ _2\"></span> </div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls2f ws2f gs448\">contractual ca<span class=\"_ _2\"></span>sh flows a<span class=\"_ _2\"></span>nd for future s<span class=\"_ _2\"></span>ales, where t<span class=\"_ _2\"></span>he <span class=\"ff175 ls63 ws73\">ass<span class=\"_ _2\"></span>ets<span class=\"_ _2\"></span>\u2019 cas<span class=\"_ _2\"></span>h flo<span class=\"_ _2\"></span>ws rep<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>sent<span class=\"_ _2\"></span> sol<span class=\"_ _2\"></span>ely p<span class=\"_ _2\"></span>ayme<span class=\"_ _2\"></span>nts o<span class=\"_ _2\"></span>f </span></div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls2f wsad gs449\">prin<span class=\"_ _1\"></span>cipa<span class=\"_ _1\"></span>l and in<span class=\"_ _1\"></span>terest<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>and d<span class=\"_ _1\"></span>ividen<span class=\"_ _1\"></span>ds, are<span class=\"_ _1\"></span> measu<span class=\"_ _1\"></span>red at fa<span class=\"_ _1\"></span>ir value<span class=\"_ _1\"></span> throug<span class=\"_ _1\"></span>h other c<span class=\"_ _1\"></span>ompreh<span class=\"_ _1\"></span>ensiv<span class=\"_ _1\"></span>e inco<span class=\"_ _1\"></span>me.<span class=\"ls1 ws0\">  </span></div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls53 ws0 gs44a\">Fair <span class=\"_ _2\"></span>value t<span class=\"_ _2\"></span>hroug<span class=\"_ _2\"></span>h profi<span class=\"_ _2\"></span>t or l<span class=\"_ _2\"></span>oss (<span class=\"_ _2\"></span>FVTPL):<span class=\"_ _2\"></span> As<span class=\"_ _2\"></span>sets t<span class=\"_ _2\"></span>hat d<span class=\"_ _2\"></span>o not <span class=\"_ _2\"></span>meet <span class=\"_ _2\"></span>the c<span class=\"_ _2\"></span>riteri<span class=\"_ _2\"></span>a for <span class=\"_ _2\"></span>amort<span class=\"_ _2\"></span>ised c<span class=\"_ _2\"></span>ost <span class=\"_ _2\"></span><span class=\"ls1\"> </span></div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls2f ws2f gs44b\">or FVTOCI are m<span class=\"_ _2\"></span>easured at <span class=\"ls4b ws77\">F<span class=\"_ _2\"></span>VTP<span class=\"_ _2\"></span>L.<span class=\"_ _195\"> </span></span><span class=\"ls4b ws77\"><span class=\"ls1 ws0\"> </span></span><span class=\"ls4b ws77\"><span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 h7e ff172 fs39 fc9 sc0 ls46 ws6f gs44c\">(i) Impa<span class=\"_ _2\"></span>irme<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls48 ws32 gs44d\">As requir<span class=\"_ _2\"></span>ed by I<span class=\"_ _2\"></span>FRS 9, t<span class=\"_ _2\"></span>he Group <span class=\"_ _2\"></span>adopted <span class=\"_ _2\"></span>an <span class=\"ff175 ls1 ws0\">\u2018</span><span class=\"ls2f ws2f\">expected credit l<span class=\"_ _2\"></span>oss model<span class=\"ff175 ls49 ws78\">\u2019,<span class=\"_ _2\"></span></span><span class=\"ls1 ws0\"> </span></span>which requir<span class=\"_ _2\"></span>es the <span class=\"_ _2\"></span>Group to </div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls2f ws2f gs44e\">account for exp<span class=\"_ _2\"></span>ected credit lo<span class=\"_ _2\"></span>sses and c<span class=\"_ _2\"></span>hanges in<span class=\"ls1 ws0\"> <span class=\"ls4b ws77\">those<span class=\"_ _2\"></span></span> </span>expected credit los<span class=\"_ _2\"></span>ses at each yea<span class=\"_ _2\"></span>r end or </div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls49 ws78 gs44f\">half<span class=\"ls1 ws0\"> </span><span class=\"wsaa\">ye<span class=\"_ _2\"></span>ar to<span class=\"_ _2\"></span> ref<span class=\"_ _2\"></span>lect<span class=\"_ _2\"></span> ch<span class=\"_ _2\"></span>anges<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> cre<span class=\"_ _2\"></span>dit r<span class=\"_ _2\"></span>isk <span class=\"_ _2\"></span>sinc<span class=\"_ _2\"></span>e i<span class=\"_ _2\"></span>nitial<span class=\"_ _2\"></span> re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on. I<span class=\"_ _2\"></span>n o<span class=\"_ _2\"></span>ther<span class=\"_ _2\"></span> word<span class=\"_ _2\"></span>s,<span class=\"_ _2\"></span> it i<span class=\"_ _2\"></span>s no<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>nger<span class=\"_ _2\"></span> </span></div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls2f ws2f gs450\">necessary for a<span class=\"_ _2\"></span> credit event t<span class=\"_ _2\"></span>o have <span class=\"_ _2\"></span>occurred before c<span class=\"_ _2\"></span>redit lo<span class=\"_ _2\"></span>sses are recogni<span class=\"_ _2\"></span>sed. Credit lo<span class=\"_ _2\"></span>sses are </div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls49 ws7c gs451\">calc<span class=\"_ _2\"></span>ulat<span class=\"_ _2\"></span>ed as<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls61 ws89\">the<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">pres<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue o<span class=\"_ _2\"></span>f the<span class=\"_ _2\"></span> dif<span class=\"_ _2\"></span>fere<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> bet<span class=\"_ _2\"></span>wee<span class=\"_ _2\"></span>n all<span class=\"_ _2\"></span></span> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>rac<span class=\"_ _2\"></span>tual c<span class=\"_ _2\"></span>as<span class=\"_ _2\"></span>h fl<span class=\"_ _2\"></span>ows t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> are <span class=\"_ _2\"></span>due<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> </span></span></span></span></div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls54 ws70 gs452\">all c<span class=\"ls48 ws32\">ash fl<span class=\"_ _2\"></span>ows that t<span class=\"_ _2\"></span>he entit<span class=\"_ _2\"></span>y expe<span class=\"_ _2\"></span>cts to r<span class=\"_ _2\"></span>eceive. E<span class=\"_ _2\"></span>xpected<span class=\"_ _2\"></span> credit l<span class=\"_ _2\"></span>osses a<span class=\"_ _2\"></span>re the<span class=\"_ _2\"></span> sum of <span class=\"_ _2\"></span>all pos<span class=\"_ _2\"></span>sible </span></div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls54 ws70 gs453\">credit losses, weighted by their probability of occurrence.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls4b ws77 gs454\">The <span class=\"ff175 ls1 ws0\">\u2018<span class=\"_ _1\"></span><span class=\"ff174 ls54 ws83\">12<span class=\"ls1 ws0\">-<span class=\"ls2f ws2f\">month expected<span class=\"_ _2\"></span> credit losses<span class=\"_ _2\"></span></span><span class=\"ff175\">\u2019</span> <span class=\"_ _1\"></span><span class=\"ls54 ws70\">approach is applied to all f<span class=\"_ _2\"></span>inancial assets with the exception of </span></span></span></span></div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls2f ws2f gs455\">trade receivable<span class=\"_ _2\"></span>s and advance<span class=\"_ _2\"></span>s to<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">joint<span class=\"_ _2\"></span> vent<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>s. Bo<span class=\"_ _2\"></span>th</span> <span class=\"ls49 wsaa\">the<span class=\"_ _2\"></span>se a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span> cl<span class=\"_ _2\"></span>ass<span class=\"_ _2\"></span>es ge<span class=\"_ _2\"></span>ner<span class=\"_ _2\"></span>ally d<span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>not c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ain <span class=\"_ _2\"></span>a </span></span></div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls54 ws70 gs456\">significant financing component. For these assets, the Gro<span class=\"_ _2\"></span>up applies the simplified approach </div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls54 ws70 gs457\">permitted by<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls54 ws70\">IFRS 9<span class=\"_ _2\"></span>, which requires expected lifetime losses to<span class=\"_ _2\"></span> be recognised from initial reco<span class=\"ls49 ws78\">g<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on </span></span></span></div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls49 wsaa gs458\">of th<span class=\"_ _2\"></span>e re<span class=\"_ _2\"></span>cei<span class=\"_ _2\"></span>vabl<span class=\"_ _2\"></span>es, <span class=\"_ _2\"></span>net <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>any <span class=\"_ _2\"></span>allo<span class=\"_ _2\"></span>wance<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>sses.<span class=\"_ _2\"></span> Th<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> </span>allo<span class=\"_ _2\"></span>wance<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss me<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt i<span class=\"_ _2\"></span>s de<span class=\"_ _2\"></span>termi<span class=\"_ _2\"></span>ned<span class=\"_ _2\"></span> by </div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls49 ws7c gs459\">apply<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> a si<span class=\"ls54 ws70\">mplified approach equalling the<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">lifetime expe<span class=\"_ _2\"></span>cted credit los<span class=\"_ _2\"></span>ses. </span> </span></span></div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls54 ws70 gs45a\">Under the simplified approach, the tracking of c<span class=\"_ _2\"></span>hanges in credit risk is not required, but i<span class=\"_ _2\"></span>nstead <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls48 ws32 gs45b\">the base li<span class=\"_ _2\"></span>fetime <span class=\"_ _2\"></span>expecte<span class=\"_ _2\"></span>d credit l<span class=\"_ _2\"></span>oss <span class=\"_ _2\"></span>at<span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">all</span> <span class=\"ls54 ws70\">times is applied. An allowance for loss is made for </span></span></div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls54 ws70 gs45c\">potentially impaired receivables during the year in which <span class=\"_ _2\"></span>they are identified based on <span class=\"_ _2\"></span>a periodic review </div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls49 wsaa gs45d\">of all<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>outst<span class=\"_ _2\"></span>andi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nts.<span class=\"_ _2\"></span> Lo<span class=\"_ _2\"></span>sses <span class=\"_ _2\"></span>are r<span class=\"_ _2\"></span>eco<span class=\"_ _2\"></span>rded<span class=\"_ _2\"></span> wit<span class=\"_ _2\"></span>hin <span class=\"_ _2\"></span>sell<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span>, m<span class=\"_ _2\"></span>arke<span class=\"_ _2\"></span>tin<span class=\"_ _2\"></span>g and<span class=\"_ _2\"></span> dis<span class=\"_ _2\"></span>trib<span class=\"_ _2\"></span>uti<span class=\"_ _2\"></span>on ex<span class=\"_ _2\"></span>pen<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws78\">in </span></div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls49 wsaa gs45e\">the i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent.<span class=\"_ _2\"></span> Tr<span class=\"_ _2\"></span>ade<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>eivab<span class=\"_ _2\"></span>les<span class=\"_ _2\"></span> are d<span class=\"_ _2\"></span>eem<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>as i<span class=\"_ _2\"></span>mpai<span class=\"_ _2\"></span>red <span class=\"_ _2\"></span>when<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span>re i<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>n indi<span class=\"_ _2\"></span>cat<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>of </div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls54 ws83 gs45f\">significant <span class=\"_ _1\"></span><span class=\"ws70\">financial diffic<span class=\"_ _2\"></span>ulties of the debtor (delinquency in or default on payments oc<span class=\"_ _2\"></span>curs, </span></div><div class=\"t m0 hac ff174 fs39 fc2 sc0 ls54 ws75 gs460\">probability of ban<span class=\"_ _1\"></span>k<span class=\"_ _2\"></span>ruptcy or ne<span class=\"_ _1\"></span>e<span class=\"_ _2\"></span>d for financia<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span> reorganisation).<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h7e ff178 fs39 fc9 sc0 ls46 ws6f gs462\">(ii<span class=\"_ _2\"></span>) <span class=\"ls50 wsd7\">F<span class=\"_ _1\"></span>air va<span class=\"_ _1\"></span>lue e<span class=\"_ _1\"></span>stima<span class=\"_ _1\"></span>tion<span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls49 wsaa gs463\">The i<span class=\"_ _2\"></span>nfo<span class=\"_ _2\"></span>rmati<span class=\"_ _2\"></span>on b<span class=\"_ _2\"></span>el<span class=\"_ _2\"></span>ow s<span class=\"_ _2\"></span>ummar<span class=\"_ _2\"></span>is<span class=\"_ _2\"></span>es fi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> inst<span class=\"_ _2\"></span>rum<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s car<span class=\"_ _2\"></span>rie<span class=\"_ _2\"></span>d a<span class=\"_ _2\"></span>t fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue,<span class=\"_ _2\"></span> by <span class=\"_ _2\"></span>valu<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on me<span class=\"_ _2\"></span>thod<span class=\"_ _2\"></span>. </div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls48 ws7d gs464\">The differe<span class=\"_ _2\"></span>nt levels have been def<span class=\"_ _2\"></span>ined as foll<span class=\"_ _2\"></span>ows: <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls54 ws70 gs465\">New business quoted prices (unadjusted) in <span class=\"_ _2\"></span>active markets for identical assets or liabilities <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls48 ws32 gs466\">(Level 1).<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls54 ws70 gs467\">Inputs other than quoted prices i<span class=\"_ _2\"></span>ncluded within Level 1 that are <span class=\"_ _2\"></span>observable for the asset or liability, </div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls54 ws70 gs468\">either directly (that is, as prices) <span class=\"_ _2\"></span>or<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">indirectly (that is<span class=\"_ _2\"></span>, derived from p<span class=\"_ _2\"></span>rices) (Level 2<span class=\"_ _2\"></span>). </span> </span></div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls54 ws70 gs469\">Inputs for the asset or liability th<span class=\"_ _2\"></span>at are not based on <span class=\"_ _2\"></span>observable market data (that is, unobservable </div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls49 wsaa gs46a\">input<span class=\"_ _2\"></span>s) (<span class=\"_ _2\"></span>Le<span class=\"_ _2\"></span>vel 3<span class=\"_ _2\"></span>).<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff17a fs39 fc2 sc0 ls49 wsaa gs46b\">The G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span>\u2019s i<span class=\"_ _2\"></span>nve<span class=\"_ _2\"></span>stme<span class=\"_ _2\"></span>nts i<span class=\"_ _2\"></span>n <span class=\"_ _2\"></span>Golar<span class=\"_ _2\"></span><span class=\"ff179 ls4b ws49\">, <span class=\"_ _2\"></span>Kingfi<span class=\"_ _2\"></span>sh, O<span class=\"_ _2\"></span>dfj<span class=\"_ _2\"></span>ell S<span class=\"_ _2\"></span>E<span class=\"ls1 ws0\"> <span class=\"ls2f ws92\">and GBL are measured using quoted prices in </span></span></span></div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls49 wsaa gs46c\">an ac<span class=\"_ _2\"></span>tiv<span class=\"_ _2\"></span>e mar<span class=\"_ _2\"></span>ket<span class=\"_ _2\"></span> (Le<span class=\"_ _2\"></span>vel<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ff17a\">1). The<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span>\u2019s<span class=\"_ _2\"></span> deri<span class=\"_ _2\"></span>vat<span class=\"_ _2\"></span>ive <span class=\"_ _2\"></span>asset<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>and l<span class=\"_ _2\"></span>iab<span class=\"_ _2\"></span>ilit<span class=\"_ _2\"></span>ies<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> meas<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>d usi<span class=\"_ _2\"></span>ng i<span class=\"_ _2\"></span>np<span class=\"_ _2\"></span>uts </span></div><div class=\"t m0 hac ff17a fs39 fc2 sc0 ls49 wsaa gs46d\">othe<span class=\"_ _2\"></span>r tha<span class=\"_ _2\"></span>n q<span class=\"_ _2\"></span>uoted<span class=\"_ _2\"></span> pr<span class=\"_ _2\"></span>ice<span class=\"_ _2\"></span>s (Le<span class=\"_ _2\"></span>vel<span class=\"_ _2\"></span> 2).<span class=\"_ _2\"></span> The G<span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span>up\u2019s m<span class=\"_ _2\"></span>at<span class=\"_ _2\"></span>ure b<span class=\"_ _2\"></span>iol<span class=\"_ _2\"></span>ogic<span class=\"_ _2\"></span>al a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> me<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>using<span class=\"_ _2\"></span> inp<span class=\"_ _2\"></span>uts<span class=\"_ _2\"></span> </div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls48 ws32 gs46e\">other t<span class=\"_ _2\"></span>han quoted<span class=\"_ _2\"></span> prices (<span class=\"_ _2\"></span>Level 2<span class=\"_ _2\"></span>). There <span class=\"_ _2\"></span>have be<span class=\"_ _2\"></span>en no c<span class=\"_ _2\"></span>hanges i<span class=\"_ _2\"></span>n the f<span class=\"_ _2\"></span>air v<span class=\"_ _2\"></span>alue <span class=\"ls53 ws0\">me<span class=\"_ _2\"></span>thodol<span class=\"_ _2\"></span>ogy i<span class=\"_ _2\"></span>n the </span></div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls54 ws83 gs46f\">periods<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">prese<span class=\"_ _2\"></span>nted.<span class=\"_ _195\"> </span></span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws4e\"><span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 h7e ff178 fs39 fc9 sc0 ls4c ws79 gs470\">(iii) <span class=\"ls4a ws81\">Hedge accou<span class=\"_ _2\"></span>nting<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 hac ff17a fs39 fc2 sc0 ls49 ws7c gs471\">In acc<span class=\"_ _2\"></span>ord<span class=\"_ _2\"></span>ance wi<span class=\"_ _2\"></span>th IFR<span class=\"_ _2\"></span>S 9\u2019<span class=\"_ _2\"></span>s tra<span class=\"_ _2\"></span>nsit<span class=\"_ _2\"></span>ion pro<span class=\"_ _2\"></span>visi<span class=\"_ _2\"></span>ons f<span class=\"_ _2\"></span>or hedg<span class=\"_ _2\"></span>e ac<span class=\"_ _2\"></span>cou<span class=\"_ _2\"></span>nti<span class=\"_ _2\"></span>ng, the<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span> has n<span class=\"_ _2\"></span>ot app<span class=\"_ _2\"></span>lied<span class=\"_ _2\"></span> the </div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls49 ws7c gs472\">IFRS<span class=\"_ _2\"></span> 9 hedge<span class=\"_ _2\"></span> acco<span class=\"_ _2\"></span>unting<span class=\"_ _2\"></span> req<span class=\"_ _2\"></span>uir<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span>s an<span class=\"_ _2\"></span>d will<span class=\"_ _2\"></span> conti<span class=\"_ _2\"></span>nue t<span class=\"_ _2\"></span>o appl<span class=\"_ _2\"></span>y the<span class=\"_ _2\"></span> hedg<span class=\"_ _2\"></span>e acc<span class=\"_ _2\"></span>ounti<span class=\"_ _2\"></span>ng re<span class=\"_ _2\"></span>quir<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nts </div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls54 ws70 gs473\">of IAS 39. <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 ha6 ff178 fs3c fcb sc0 ls6d wsd8 gs474\">Acc<span class=\"_ _1\"></span>ounting<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>polic<span class=\"_ _1\"></span>y for<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>deriv<span class=\"_ _1\"></span>ative a<span class=\"_ _1\"></span>ssets and<span class=\"_ _1\"></span> liabilit<span class=\"_ _1\"></span>ies<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls49 wsaa gs475\">The G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> en<span class=\"_ _2\"></span>ter<span class=\"_ _2\"></span>s int<span class=\"_ _2\"></span>o for<span class=\"_ _2\"></span>ward<span class=\"_ _2\"></span> ex<span class=\"_ _2\"></span>chang<span class=\"_ _2\"></span>e c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span>s to<span class=\"_ _2\"></span> hedg<span class=\"_ _2\"></span>e f<span class=\"_ _2\"></span>orei<span class=\"_ _2\"></span>gn c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>nc<span class=\"_ _2\"></span>y tr<span class=\"_ _2\"></span>ans<span class=\"_ _2\"></span>actio<span class=\"_ _2\"></span>ns,<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st </div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls73 wsb6 gs476\">ra<span class=\"_ _1\"></span>te sw<span class=\"_ _1\"></span>aps to<span class=\"_ _1\"></span> hed<span class=\"_ _1\"></span>ge the<span class=\"_ _1\"></span> ris<span class=\"_ _1\"></span>k of<span class=\"ls1 ws0\"> <span class=\"ls54 ws70\">va<span class=\"_ _1\"></span>riability <span class=\"_ _2\"></span>of interest<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">p<span class=\"_ _2\"></span>aym<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span>, cr<span class=\"_ _2\"></span>oss<span class=\"ls1 ws0\">-</span><span class=\"ws7c\">curr<span class=\"_ _2\"></span>enc<span class=\"_ _2\"></span>y inte<span class=\"_ _2\"></span>rest<span class=\"_ _2\"></span> rat<span class=\"_ _2\"></span>e swap<span class=\"_ _2\"></span>s to </span></span></span></span></span></div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls54 ws70 gs477\">hedge the risk of variability of inte<span class=\"_ _2\"></span>rest and principal payments on<span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">non</span>-<span class=\"ls4b ws49\">US do<span class=\"_ _2\"></span>lla</span>r-<span class=\"ls49 ws78\">denomi<span class=\"_ _2\"></span>nat<span class=\"_ _2\"></span>ed </span></span></div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls2f ws4e gs478\">borrowings<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls48 ws32\">b<span class=\"_ _2\"></span>unker fuel<span class=\"_ _2\"></span> hedge <span class=\"_ _2\"></span>contracts<span class=\"_ _2\"></span> to loc<span class=\"_ _2\"></span>k in the p<span class=\"_ _2\"></span>rice f<span class=\"_ _2\"></span>or a p<span class=\"_ _2\"></span>ortion of<span class=\"_ _2\"></span> forecasted<span class=\"_ _2\"></span> bunk<span class=\"_ _2\"></span>er </span></span></div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls49 ws78 gs479\">fuel<span class=\"ls1 ws0\"> <span class=\"ls48 ws72\">requireme<span class=\"_ _2\"></span>nts<span class=\"ls2f ws2f\">, a<span class=\"_ _2\"></span>nd carbon emi<span class=\"_ _2\"></span>ssions forward co<span class=\"_ _2\"></span>ntracts to f<span class=\"_ _2\"></span>ix the price <span class=\"_ _2\"></span>of future E<span class=\"_ _2\"></span>U carbon </span></span></span></div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls49 wsaa gs47a\">emis<span class=\"_ _2\"></span>sio<span class=\"_ _2\"></span>ns all<span class=\"_ _2\"></span>ow<span class=\"_ _2\"></span>ance <span class=\"_ _2\"></span><span class=\"ls1 ws0\">r<span class=\"ls54 ws70\">egula<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>ory obliga<span class=\"ls49 ws78\">tio<span class=\"_ _2\"></span>ns<span class=\"wsaa\">. N<span class=\"_ _2\"></span>o i<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ument<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>are h<span class=\"_ _2\"></span>el<span class=\"_ _2\"></span>d for<span class=\"_ _2\"></span> spec<span class=\"_ _2\"></span>ul<span class=\"_ _2\"></span>ativ<span class=\"_ _2\"></span>e p<span class=\"_ _2\"></span>urpo<span class=\"_ _2\"></span>ses.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span></div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls48 ws32 gs47b\">For bonds<span class=\"_ _2\"></span> and lo<span class=\"_ _2\"></span>an facili<span class=\"_ _2\"></span>ties whe<span class=\"_ _2\"></span>re it i<span class=\"_ _2\"></span>s determi<span class=\"_ _2\"></span>ned that<span class=\"_ _2\"></span> there i<span class=\"_ _2\"></span>s an<span class=\"_ _2\"></span> interest r<span class=\"_ _2\"></span>ate or f<span class=\"_ _2\"></span>oreig<span class=\"_ _2\"></span>n currenc<span class=\"_ _2\"></span>y </div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls49 wsaa gs47c\">risk t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> sh<span class=\"_ _2\"></span>ould<span class=\"_ _2\"></span> be h<span class=\"_ _2\"></span>edge<span class=\"_ _2\"></span>d, t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> der<span class=\"_ _2\"></span>ivati<span class=\"_ _2\"></span>ve f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al i<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ument<span class=\"_ _2\"></span> ac<span class=\"_ _2\"></span>quir<span class=\"_ _2\"></span>ed w<span class=\"_ _2\"></span>ill <span class=\"_ _2\"></span>have<span class=\"_ _2\"></span> cri<span class=\"_ _2\"></span>tic<span class=\"_ _2\"></span>al te<span class=\"_ _2\"></span>rms<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> </div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls61 wsac gs47d\">mirror those of the <span class=\"_ _2\"></span>underlying debt. In<span class=\"_ _2\"></span> these cir<span class=\"ff17a ls49 wsaa\">c<span class=\"_ _2\"></span>umsta<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span>s, it<span class=\"_ _2\"></span> is <span class=\"_ _2\"></span>th<span class=\"_ _2\"></span>e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s obj<span class=\"_ _2\"></span>ecti<span class=\"_ _2\"></span>ve t<span class=\"_ _2\"></span>o ac<span class=\"_ _2\"></span>hie<span class=\"_ _2\"></span>ve</span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls54 ws83 gs47e\">100%<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 ws78\">ef<span class=\"_ _2\"></span>fect<span class=\"_ _2\"></span>ive<span class=\"_ _2\"></span>ness<span class=\"_ _2\"></span>.<span class=\"_ _195\"> </span></span></span><span class=\"ls1 ws0\"><span class=\"ls49 ws78\"><span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls49 wsaa gs47f\">Deriv<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ve f<span class=\"_ _2\"></span>inanc<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span>str<span class=\"_ _2\"></span>ument<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e ini<span class=\"_ _2\"></span>tial<span class=\"_ _2\"></span>ly r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d <span class=\"_ _2\"></span>at f<span class=\"_ _2\"></span>air <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>dat<span class=\"_ _2\"></span>e a d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ve c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span> is </div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls48 ws32 gs480\">entered i<span class=\"_ _2\"></span>nto and ar<span class=\"_ _2\"></span>e sub<span class=\"_ _2\"></span>sequentl<span class=\"_ _2\"></span>y remeasur<span class=\"_ _2\"></span>ed to<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">their<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> each<span class=\"_ _2\"></span> bal<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> s<span class=\"_ _2\"></span>heet<span class=\"_ _2\"></span> date<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>e </span></span></div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls49 wsaa gs481\">resul<span class=\"_ _2\"></span>ting<span class=\"_ _2\"></span> g<span class=\"_ _2\"></span>ain or<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss o<span class=\"_ _2\"></span>n re<span class=\"_ _2\"></span>meas<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> is re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>ni<span class=\"ls48 ws32\">s<span class=\"_ _2\"></span>ed immedi<span class=\"_ _2\"></span>ately i<span class=\"_ _2\"></span>n the i<span class=\"_ _2\"></span>ncome sta<span class=\"_ _2\"></span>tement <span class=\"_ _2\"></span>unless </span></div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls49 wsaa gs482\">the d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ve i<span class=\"_ _2\"></span>s de<span class=\"_ _2\"></span>sign<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> ef<span class=\"_ _2\"></span>fect<span class=\"_ _2\"></span>ive <span class=\"_ _2\"></span>as <span class=\"_ _2\"></span>a hedg<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> ins<span class=\"_ _2\"></span>tru<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>, i<span class=\"_ _2\"></span>n whic<span class=\"_ _2\"></span>h <span class=\"_ _2\"></span>event<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e timi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>of t<span class=\"_ _2\"></span>he </div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls49 ws7c gs483\">recog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> any re<span class=\"_ _2\"></span>sult<span class=\"_ _2\"></span>ant g<span class=\"_ _2\"></span>ain or<span class=\"_ _2\"></span> loss on t<span class=\"_ _2\"></span>he in<span class=\"_ _2\"></span>come<span class=\"_ _2\"></span> stat<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span> depend<span class=\"_ _2\"></span>s o<span class=\"_ _2\"></span>n the n<span class=\"_ _2\"></span>ature<span class=\"_ _2\"></span> of the it<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m </div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls54 ws75 gs484\">being he<span class=\"ls49 wsaa\">dged. T<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>mp<span class=\"_ _2\"></span>act i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent i<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>show<span class=\"_ _2\"></span>n in<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>erest<span class=\"_ _2\"></span>, f<span class=\"_ _2\"></span>oreig<span class=\"_ _2\"></span>n c<span class=\"_ _2\"></span>urr<span class=\"_ _2\"></span>ency e<span class=\"_ _2\"></span>xch<span class=\"_ _2\"></span>ang<span class=\"_ _2\"></span>e </span></div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls54 ws70 gs485\">gain (loss) or operating expenses as appropriate, based o<span class=\"_ _2\"></span>n the underlying <span class=\"ls49 ws78\">nat<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span> <span class=\"ls48 ws32\">of the deri<span class=\"_ _2\"></span>vative.<span class=\"_ _195\"> </span></span></span><span class=\"ls49 ws78\"><span class=\"ls48 ws32\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 h7e ff178 fs39 fc9 sc0 ls46 ws92 gs486\">(i) D<span class=\"_ _2\"></span>ete<span class=\"_ _2\"></span>rmin<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r va<span class=\"_ _2\"></span>lue<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls2f ws2f gs487\">The fair value <span class=\"_ _2\"></span>of interest r<span class=\"_ _2\"></span>ate swa<span class=\"_ _2\"></span>ps, cross<span class=\"ls1 ws0\">-<span class=\"ls49 wsaa\">curre<span class=\"_ _2\"></span>ncy<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st rat<span class=\"_ _2\"></span>e s<span class=\"_ _2\"></span>waps<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span>eign<span class=\"_ _2\"></span> exc<span class=\"_ _2\"></span>hang<span class=\"_ _2\"></span>e </span></span></div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls49 wsaa gs488\">cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>s is<span class=\"_ _2\"></span> ba<span class=\"_ _2\"></span>sed <span class=\"_ _2\"></span>on di<span class=\"_ _2\"></span>sco<span class=\"_ _2\"></span>unte<span class=\"_ _2\"></span>d ca<span class=\"_ _2\"></span>sh f<span class=\"_ _2\"></span>low m<span class=\"_ _2\"></span>ode<span class=\"_ _2\"></span>ls b<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span>d up<span class=\"_ _2\"></span>on t<span class=\"_ _2\"></span>he v<span class=\"_ _2\"></span>aluat<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>ns re<span class=\"_ _2\"></span>cei<span class=\"_ _2\"></span>ved f<span class=\"_ _2\"></span>rom<span class=\"_ _2\"></span> </div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls49 wsaa gs489\">fina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al i<span class=\"_ _2\"></span>nstit<span class=\"_ _2\"></span>uti<span class=\"_ _2\"></span>ons,<span class=\"_ _2\"></span> tak<span class=\"_ _2\"></span>ing i<span class=\"_ _2\"></span>nto<span class=\"_ _2\"></span> ac<span class=\"_ _2\"></span>count<span class=\"_ _2\"></span> cu<span class=\"_ _2\"></span>rre<span class=\"_ _2\"></span>nt i<span class=\"_ _2\"></span>nter<span class=\"_ _2\"></span>est r<span class=\"_ _2\"></span>ates<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls2f ws2f\">fore<span class=\"_ _2\"></span>ign exchan<span class=\"ls61 wsac\">ge rates<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">and c<span class=\"_ _2\"></span>arb<span class=\"_ _2\"></span>on </span></span></span></span></span></div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls54 ws70 gs48a\">emissions allowance prices<span class=\"ls1 ws0\">.<span class=\"_ _195\"> </span></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h7e ff178 fs39 fc9 sc0 ls4a ws81 gs48b\">(ii) Cash f<span class=\"_ _2\"></span>low hed<span class=\"_ _2\"></span>ges<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls49 wsaa gs48c\">The G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> app<span class=\"_ _2\"></span>lie<span class=\"_ _2\"></span>s ca<span class=\"_ _2\"></span>sh f<span class=\"_ _2\"></span>low <span class=\"_ _2\"></span>hed<span class=\"_ _2\"></span>ge a<span class=\"_ _2\"></span>ccou<span class=\"_ _2\"></span>nting<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> its<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st r<span class=\"_ _2\"></span>ate <span class=\"_ _2\"></span>swap<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd cr<span class=\"_ _2\"></span>oss<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls2f ws2f\">currency interest </span></span></div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls49 wsaa gs48d\">rate<span class=\"_ _2\"></span> swap<span class=\"_ _2\"></span>s. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls49 wsaa gs48e\">Where<span class=\"_ _2\"></span> a d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ve fi<span class=\"_ _2\"></span>na<span class=\"_ _2\"></span>ncial<span class=\"_ _2\"></span> inst<span class=\"_ _2\"></span>ru<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> is d<span class=\"_ _2\"></span>esi<span class=\"_ _2\"></span>gnate<span class=\"_ _2\"></span>d a<span class=\"_ _2\"></span>s a <span class=\"_ _2\"></span>hedg<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> vari<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>ity<span class=\"_ _2\"></span> in c<span class=\"_ _2\"></span>as<span class=\"_ _2\"></span>h flo<span class=\"_ _2\"></span>ws of<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span> </div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls48 ws32 gs48f\">recognised<span class=\"_ _2\"></span> asset<span class=\"_ _2\"></span> or liabili<span class=\"_ _2\"></span>ty, or<span class=\"_ _2\"></span> a hig<span class=\"_ _2\"></span>hly pr<span class=\"_ _2\"></span>obable for<span class=\"_ _2\"></span>ecast t<span class=\"_ _2\"></span>ransacti<span class=\"_ _2\"></span>on, t<span class=\"_ _2\"></span>he effecti<span class=\"_ _2\"></span>ve part<span class=\"_ _2\"></span> of any g<span class=\"_ _2\"></span>ain <span class=\"_ _2\"></span>or </div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls49 wsaa gs490\">loss<span class=\"_ _2\"></span> on t<span class=\"_ _2\"></span>he d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vativ<span class=\"_ _2\"></span>e fi<span class=\"_ _2\"></span>na<span class=\"_ _2\"></span>ncial<span class=\"_ _2\"></span> ins<span class=\"_ _2\"></span>trum<span class=\"_ _2\"></span>ent i<span class=\"_ _2\"></span><span class=\"ls2f ws2f\">s reco<span class=\"_ _2\"></span>gnised directl<span class=\"_ _2\"></span>y in other c<span class=\"_ _2\"></span>omprehensive income<span class=\"_ _2\"></span>. </span></div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls49 ws78 gs491\">Any<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">ineffecti<span class=\"_ _2\"></span>ve porti<span class=\"_ _2\"></span>on of th<span class=\"_ _2\"></span>e hed<span class=\"_ _2\"></span>ge is rec<span class=\"_ _2\"></span>ognised imm<span class=\"_ _2\"></span>ediatel<span class=\"_ _2\"></span>y in the i<span class=\"_ _2\"></span>ncome <span class=\"_ _2\"></span>statement.<span class=\"_ _2\"></span></span> </span></div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls49 wsaa gs492\">When<span class=\"_ _2\"></span> the f<span class=\"_ _2\"></span>ore<span class=\"_ _2\"></span>cast<span class=\"_ _2\"></span> tr<span class=\"_ _2\"></span>ans<span class=\"_ _2\"></span>actio<span class=\"_ _2\"></span>n su<span class=\"_ _2\"></span>bseq<span class=\"_ _2\"></span>uent<span class=\"_ _2\"></span>ly <span class=\"_ _2\"></span>resul<span class=\"_ _2\"></span>ts i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> a <span class=\"_ _2\"></span>non<span class=\"ls1 ws0\">-</span><span class=\"ws7c\">fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al as<span class=\"_ _2\"></span>set or<span class=\"_ _2\"></span> non<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _195\"> </span></span></span></div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls49 wsaa gs493\">fina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al li<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>ity<span class=\"_ _2\"></span>, th<span class=\"_ _2\"></span>e a<span class=\"_ _2\"></span>ssoci<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> cum<span class=\"_ _2\"></span>ulati<span class=\"_ _2\"></span>ve<span class=\"_ _2\"></span> gai<span class=\"_ _2\"></span>n or<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">loss r<span class=\"_ _2\"></span>ecogni<span class=\"_ _2\"></span>sed in ot<span class=\"_ _2\"></span>her compr<span class=\"_ _2\"></span>ehensiv<span class=\"_ _2\"></span>e income i<span class=\"_ _2\"></span>s </span></span></div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls2f ws2f gs494\">removed and incl<span class=\"_ _2\"></span>uded in the i<span class=\"_ _2\"></span>nitial co<span class=\"_ _2\"></span>st or other <span class=\"ls49 wsaa\">c<span class=\"_ _2\"></span>arry<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls61 wsac\">the a<span class=\"_ _2\"></span>sset or<span class=\"ls1 ws0\"> <span class=\"ls54 ws83\">liability.</span> </span></span></span></span></div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls49 wsaa gs495\">If a <span class=\"_ _2\"></span>hedg<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> a f<span class=\"_ _2\"></span>orec<span class=\"_ _2\"></span>ast t<span class=\"_ _2\"></span>ra<span class=\"_ _2\"></span>nsact<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> sub<span class=\"_ _2\"></span>sequ<span class=\"_ _2\"></span>entl<span class=\"_ _2\"></span>y r<span class=\"_ _2\"></span>esul<span class=\"_ _2\"></span>ts i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> a fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>ancial<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls49 wsaa gs496\">or a f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al li<span class=\"_ _2\"></span>abi<span class=\"_ _2\"></span>lity<span class=\"_ _2\"></span>, t<span class=\"_ _2\"></span>he a<span class=\"_ _2\"></span>ssoc<span class=\"_ _2\"></span>iat<span class=\"_ _2\"></span>ed g<span class=\"_ _2\"></span>ain<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> los<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> we<span class=\"_ _2\"></span>re r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d di<span class=\"_ _2\"></span>rect<span class=\"_ _2\"></span>ly i<span class=\"_ _2\"></span>n e<span class=\"_ _2\"></span>quit<span class=\"_ _2\"></span>y ar<span class=\"_ _2\"></span>e </div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls2f ws2f gs497\">reclassified i<span class=\"_ _2\"></span>nto the income <span class=\"_ _2\"></span>statement in<span class=\"_ _2\"></span> the same pe<span class=\"_ _2\"></span>riod or perio<span class=\"_ _2\"></span>ds during which <span class=\"_ _2\"></span>the asset <span class=\"_ _2\"></span>acquired </div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls54 ws70 gs498\">or liability assumed affects profit or loss, <span class=\"ls61 wsac\">th<span class=\"_ _2\"></span>at is,<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">when fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>ance i<span class=\"_ _2\"></span>nco<span class=\"_ _2\"></span>me or<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>ense<span class=\"_ _2\"></span></span> </span></span></div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls2f ws2f gs499\">is recognised.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls48 ws32 gs49a\">When a <span class=\"_ _2\"></span>hedging i<span class=\"_ _2\"></span>nstrument<span class=\"_ _2\"></span> expires <span class=\"_ _2\"></span>or is <span class=\"_ _2\"></span>sold, term<span class=\"_ _2\"></span>inated <span class=\"_ _2\"></span>or exerci<span class=\"_ _2\"></span>sed, or<span class=\"_ _2\"></span> the entit<span class=\"_ _2\"></span>y rev<span class=\"_ _2\"></span>okes </div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls49 wsaa gs49b\">desig<span class=\"_ _2\"></span>nati<span class=\"_ _2\"></span>on o<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>hedge<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>nshi<span class=\"_ _2\"></span>p b<span class=\"_ _2\"></span>ut th<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">hedged foreca<span class=\"_ _2\"></span>st transactio<span class=\"_ _2\"></span>n is still exp<span class=\"_ _2\"></span>ected to occ<span class=\"_ _2\"></span>ur, </span></span></div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls49 wsaa gs49c\">the <span class=\"_ _2\"></span>cumul<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ve g<span class=\"_ _2\"></span>ain or<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss a<span class=\"_ _2\"></span>t t<span class=\"_ _2\"></span>hat p<span class=\"_ _2\"></span>oi<span class=\"_ _2\"></span>nt re<span class=\"_ _2\"></span>main<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>n equi<span class=\"_ _2\"></span>ty <span class=\"_ _2\"></span>and<span class=\"_ _2\"></span> is r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d i<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">accordance with t<span class=\"_ _2\"></span>he </span></span></div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls2f ws2f gs49d\">above policy w<span class=\"_ _2\"></span>hen the tr<span class=\"_ _2\"></span>ansaction occurs.<span class=\"_ _2\"></span> If the hedg<span class=\"_ _2\"></span>ed transactio<span class=\"_ _2\"></span>n is no lo<span class=\"_ _2\"></span>nger expected t<span class=\"_ _2\"></span>o take </div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls4b ws49 gs49e\">place<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">cumul<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ve u<span class=\"_ _2\"></span>nreal<span class=\"_ _2\"></span>ise<span class=\"_ _2\"></span>d gai<span class=\"_ _2\"></span>n or<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss rec<span class=\"_ _2\"></span>og<span class=\"_ _2\"></span>nised<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n othe<span class=\"_ _2\"></span>r c<span class=\"_ _2\"></span>ompr<span class=\"_ _2\"></span>ehe<span class=\"_ _2\"></span>nsive<span class=\"_ _2\"></span> inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> is </span></span></div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls49 wsaa gs49f\">recog<span class=\"_ _2\"></span>nis<span class=\"_ _2\"></span>ed i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>a<span class=\"ls48 ws32\">tement i<span class=\"_ _2\"></span>mmediately<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls49 wsaa gs4a0\">Any u<span class=\"_ _2\"></span>nre<span class=\"_ _2\"></span>alis<span class=\"_ _2\"></span>ed a<span class=\"_ _2\"></span>nd r<span class=\"_ _2\"></span>eali<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> gai<span class=\"_ _2\"></span>ns or l<span class=\"_ _2\"></span>os<span class=\"_ _2\"></span>ses <span class=\"_ _2\"></span>on f<span class=\"_ _2\"></span>oreig<span class=\"_ _2\"></span>n e<span class=\"_ _2\"></span>x<span class=\"ls2f ws2f\">change f<span class=\"_ _2\"></span>orward contract<span class=\"_ _2\"></span>s are t<span class=\"_ _2\"></span>aken directly </span></div><div class=\"t m0 hac ff179 fs39 fc2 sc0 ls48 ws32 gs4a1\">to the i<span class=\"_ _2\"></span>ncome st<span class=\"_ _2\"></span>atement.<span class=\"_ _195\"> </span><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h7e ff17d fs39 fc9 sc0 ls4b ws53 gs4a3\">(iii) Em<span class=\"_ _2\"></span>bed<span class=\"_ _2\"></span>ded <span class=\"ls4c ws79\">derivatives<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 hac ff17e fs39 fc2 sc0 ls49 wsaa gs4a4\">Deriv<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ves e<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>dde<span class=\"_ _2\"></span>d in o<span class=\"_ _2\"></span>the<span class=\"_ _2\"></span>r fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> inst<span class=\"_ _2\"></span>rume<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span> or ot<span class=\"_ _2\"></span>her<span class=\"_ _2\"></span> hos<span class=\"_ _2\"></span>t <span class=\"_ _2\"></span>cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> tre<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>as sep<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ate d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ves <span class=\"_ _2\"></span>when<span class=\"_ _2\"></span> thei<span class=\"_ _2\"></span>r ri<span class=\"_ _2\"></span>sk<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd c<span class=\"_ _2\"></span>haract<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>isti<span class=\"_ _2\"></span>cs ar<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>not c<span class=\"_ _2\"></span>los<span class=\"_ _2\"></span>ely<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>host c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>rac<span class=\"_ _2\"></span>t. Co<span class=\"_ _2\"></span>ntr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> </div><div class=\"t m0 hac ff17e fs39 fc2 sc0 ls48 ws32 gs4a5\">assessed f<span class=\"_ _2\"></span>or emb<span class=\"_ _2\"></span>edded deri<span class=\"_ _2\"></span>vatives <span class=\"_ _2\"></span>at incep<span class=\"_ _2\"></span>tion <span class=\"ls49 wsaa\">of<span class=\"_ _2\"></span> suc<span class=\"_ _2\"></span>h c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>s or <span class=\"_ _2\"></span>whe<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up b<span class=\"_ _2\"></span>ecom<span class=\"_ _2\"></span>es p<span class=\"_ _2\"></span>art<span class=\"_ _2\"></span>y to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span>m. Emb<span class=\"_ _2\"></span>edd<span class=\"_ _2\"></span>ed d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ves<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> ha<span class=\"_ _2\"></span>ve b<span class=\"_ _2\"></span>een <span class=\"_ _2\"></span>sep<span class=\"_ _2\"></span>arat<span class=\"_ _2\"></span>ed fr<span class=\"_ _2\"></span>om <span class=\"_ _2\"></span>host<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntr<span class=\"_ _2\"></span>acts <span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>e mea<span class=\"_ _2\"></span>sur<span class=\"_ _2\"></span>ed at<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> </span></div><div class=\"t m0 hac ff17e fs39 fc2 sc0 ls49 wsaa gs4a6\">at eac<span class=\"_ _2\"></span>h b<span class=\"_ _2\"></span>alanc<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>sheet<span class=\"_ _2\"></span> dat<span class=\"_ _2\"></span>e. A<span class=\"_ _2\"></span>ny g<span class=\"_ _2\"></span>ain<span class=\"_ _2\"></span>s or l<span class=\"_ _2\"></span>os<span class=\"_ _2\"></span>ses <span class=\"_ _2\"></span>arisi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> from<span class=\"_ _2\"></span> cha<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span>es in f<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span> v<span class=\"_ _2\"></span>alue <span class=\"_ _2\"></span>are <span class=\"ws78\">t<span class=\"_ _2\"></span>ak<span class=\"_ _2\"></span>en <span class=\"ls2f ws2f\">directly to<span class=\"ls1 ws0\"> </span></span></span>the i<span class=\"_ _2\"></span>nco<span class=\"_ _2\"></span>me st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent.<span class=\"_ _195\"> </span><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 ha6 ff19a fs3c fcb sc0 ls5a wsb4 gs4e3\">Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff19b fs39 fc2 sc0 ls48 ws72 gs4e4\">Interest<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls49 wsaa\">be<span class=\"_ _2\"></span>aring<span class=\"_ _2\"></span> bo<span class=\"_ _2\"></span>rro<span class=\"_ _2\"></span>wing<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d i<span class=\"_ _2\"></span>nitial<span class=\"_ _2\"></span>ly<span class=\"_ _2\"></span> at f<span class=\"_ _2\"></span>air <span class=\"_ _2\"></span>val<span class=\"_ _2\"></span>ue le<span class=\"_ _2\"></span>ss d<span class=\"_ _2\"></span>ir<span class=\"_ _2\"></span>ectl<span class=\"_ _2\"></span>y att<span class=\"_ _2\"></span>rib<span class=\"_ _2\"></span>utab<span class=\"_ _2\"></span>le <span class=\"_ _2\"></span>tran<span class=\"_ _2\"></span>sacti<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n </span></span></div><div class=\"t m0 hac ff19b fs39 fc2 sc0 ls49 wsaa gs4e5\">cost<span class=\"_ _2\"></span>s. S<span class=\"_ _2\"></span>ubse<span class=\"_ _2\"></span>quent<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> init<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>og<span class=\"_ _2\"></span>nitio<span class=\"_ _2\"></span>n, i<span class=\"_ _2\"></span>nter<span class=\"_ _2\"></span>est<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls30 wsab\">bearing<span class=\"_ _2\"></span> borr<span class=\"_ _2\"></span>owing<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>ated at<span class=\"_ _2\"></span> amor<span class=\"_ _2\"></span>tised<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>st wit<span class=\"_ _2\"></span>h </span></span></div><div class=\"t m0 hac ff19b fs39 fc2 sc0 ls48 ws32 gs4e6\">any differe<span class=\"_ _2\"></span>nce bet<span class=\"_ _2\"></span>ween co<span class=\"_ _2\"></span>st and <span class=\"_ _2\"></span>redempti<span class=\"_ _2\"></span>on val<span class=\"_ _2\"></span>ue being rec<span class=\"_ _2\"></span>ognis<span class=\"_ _2\"></span>ed in t<span class=\"_ _2\"></span>he income <span class=\"_ _2\"></span>stateme<span class=\"_ _2\"></span>nt over<span class=\"_ _2\"></span> </div><div class=\"t m0 hac ff19b fs39 fc2 sc0 ls49 wsaa gs4e7\">the p<span class=\"_ _2\"></span>eriod<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> bor<span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span>wing<span class=\"_ _2\"></span>s on<span class=\"_ _2\"></span> an eff<span class=\"_ _2\"></span>ecti<span class=\"_ _2\"></span>ve<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st b<span class=\"_ _2\"></span>asis.<span class=\"_ _195\"> </span><span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 ha6 ff19a fs3c fcb sc0 ls5a wsb4 gs4ec\">Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff19b fs39 fc2 sc0 ls48 ws72 gs4ed\">Interest<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls49 wsaa\">be<span class=\"_ _2\"></span>aring<span class=\"_ _2\"></span> bo<span class=\"_ _2\"></span>rro<span class=\"_ _2\"></span>wing<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d i<span class=\"_ _2\"></span>nitial<span class=\"_ _2\"></span>ly<span class=\"_ _2\"></span> at f<span class=\"_ _2\"></span>air <span class=\"_ _2\"></span>val<span class=\"_ _2\"></span>ue le<span class=\"_ _2\"></span>ss d<span class=\"_ _2\"></span>ir<span class=\"_ _2\"></span>ectl<span class=\"_ _2\"></span>y att<span class=\"_ _2\"></span>rib<span class=\"_ _2\"></span>utab<span class=\"_ _2\"></span>le <span class=\"_ _2\"></span>tran<span class=\"_ _2\"></span>sacti<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n </span></span></div><div class=\"t m0 hac ff19b fs39 fc2 sc0 ls49 wsaa gs4ee\">cost<span class=\"_ _2\"></span>s. S<span class=\"_ _2\"></span>ubse<span class=\"_ _2\"></span>quent<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> init<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>og<span class=\"_ _2\"></span>nitio<span class=\"_ _2\"></span>n, i<span class=\"_ _2\"></span>nter<span class=\"_ _2\"></span>est<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls30 wsab\">bearing<span class=\"_ _2\"></span> borr<span class=\"_ _2\"></span>owing<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>ated at<span class=\"_ _2\"></span> amor<span class=\"_ _2\"></span>tise<span class=\"_ _2\"></span>d co<span class=\"_ _2\"></span>st wi<span class=\"_ _2\"></span>th </span></span></div><div class=\"t m0 hac ff19b fs39 fc2 sc0 ls48 ws32 gs4ef\">any differe<span class=\"_ _2\"></span>nce bet<span class=\"_ _2\"></span>ween co<span class=\"_ _2\"></span>st and <span class=\"_ _2\"></span>redempti<span class=\"_ _2\"></span>on val<span class=\"_ _2\"></span>ue being rec<span class=\"_ _2\"></span>ognis<span class=\"_ _2\"></span>ed in t<span class=\"_ _2\"></span>he income <span class=\"_ _2\"></span>stateme<span class=\"_ _2\"></span>nt over<span class=\"_ _2\"></span> </div><div class=\"t m0 hac ff19b fs39 fc2 sc0 ls49 wsaa gs4f0\">the p<span class=\"_ _2\"></span>eriod<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> bor<span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span>wing<span class=\"_ _2\"></span>s on<span class=\"_ _2\"></span> an eff<span class=\"_ _2\"></span>ecti<span class=\"_ _2\"></span>ve<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st b<span class=\"_ _2\"></span>asis.<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 ha6 ff1b8 fs3c fcb sc0 ls5a wsb4 gs594\">Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h7e ff1b8 fs39 fc9 sc0 ls49 ws78 gs595\">(i<span class=\"ls46 ws92\">) De<span class=\"_ _2\"></span>fine<span class=\"_ _2\"></span>d c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ribu<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>on pl<span class=\"_ _2\"></span>ans<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls49 wsaa gs596\">Obl<span class=\"_ _2\"></span>igati<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span> cont<span class=\"_ _2\"></span>rib<span class=\"_ _2\"></span>utio<span class=\"_ _2\"></span>ns to<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>efine<span class=\"_ _2\"></span>d co<span class=\"_ _2\"></span>ntri<span class=\"_ _2\"></span>but<span class=\"_ _2\"></span>ion p<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>sion p<span class=\"_ _2\"></span>la<span class=\"_ _2\"></span>ns are<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>og<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d as<span class=\"_ _2\"></span> an <span class=\"_ _2\"></span>expe<span class=\"_ _2\"></span>nse <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls49 wsaa gs597\">in t<span class=\"_ _2\"></span>he inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent a<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>ncurr<span class=\"_ _2\"></span>ed.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Group <span class=\"_ _2\"></span>has<span class=\"_ _2\"></span> no f<span class=\"_ _2\"></span>urth<span class=\"_ _2\"></span>er p<span class=\"_ _2\"></span>aym<span class=\"_ _2\"></span>ent ob<span class=\"_ _2\"></span>lig<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>ns o<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> </div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls54 ws70 gs598\">contributions have been paid.<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h7e ff1b8 fs39 fc9 sc0 ls72 ws32 gs599\">(ii) Def<span class=\"_ _1\"></span>ined benefit plans and other<span class=\"_ _1\"></span> post<span class=\"ls1 ws0\">-</span><span class=\"ws86\">emplo<span class=\"_ _1\"></span>yment benefits<span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 hac ff1ba fs39 fc2 sc0 ls73 wsb6 gs59a\">Th<span class=\"_ _1\"></span>e Gro<span class=\"_ _1\"></span>up\u2019s<span class=\"_ _1\"></span> net ob<span class=\"_ _1\"></span>lig<span class=\"_ _1\"></span>ation<span class=\"_ _1\"></span> in r<span class=\"_ _1\"></span>espec<span class=\"_ _1\"></span>t of d<span class=\"_ _1\"></span>efi<span class=\"_ _1\"></span>ned be<span class=\"_ _1\"></span>nef<span class=\"_ _1\"></span>it pen<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>n plan<span class=\"_ _1\"></span>s an<span class=\"_ _1\"></span>d othe<span class=\"_ _1\"></span>r po<span class=\"_ _1\"></span>st<span class=\"ff1b9 ls1 ws0\">-<span class=\"ls48 ws72\">employment </span></span></div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls49 wsaa gs59b\">benef<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>s is c<span class=\"_ _2\"></span>alc<span class=\"_ _2\"></span>ulat<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>sep<span class=\"_ _2\"></span>arate<span class=\"_ _2\"></span>ly f<span class=\"_ _2\"></span>or e<span class=\"_ _2\"></span>ach p<span class=\"_ _2\"></span>lan<span class=\"_ _2\"></span> by e<span class=\"_ _2\"></span>sti<span class=\"_ _2\"></span>mati<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>he a<span class=\"_ _2\"></span>mount<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> fut<span class=\"_ _2\"></span>ure b<span class=\"_ _2\"></span>enef<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> </div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls48 ws32 gs59c\">employees<span class=\"_ _2\"></span> have ear<span class=\"_ _2\"></span>ned i<span class=\"_ _2\"></span>n return <span class=\"_ _2\"></span>for their <span class=\"_ _2\"></span>service<span class=\"_ _2\"></span> in the c<span class=\"_ _2\"></span>urren<span class=\"ls54 ws70\">t<span class=\"_ _2\"></span> and prior periods; that benefit is </span></div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls49 wsaa gs59d\">disco<span class=\"_ _2\"></span>unt<span class=\"_ _2\"></span>ed t<span class=\"_ _2\"></span>o de<span class=\"_ _2\"></span>ter<span class=\"_ _2\"></span>mine<span class=\"_ _2\"></span> its<span class=\"_ _2\"></span> pre<span class=\"_ _2\"></span>sent <span class=\"_ _2\"></span>val<span class=\"_ _2\"></span>ue, <span class=\"_ _2\"></span>and t<span class=\"_ _2\"></span>he f<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue o<span class=\"_ _2\"></span>f an<span class=\"_ _2\"></span>y p<span class=\"_ _2\"></span>lan a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span>s (at<span class=\"_ _2\"></span> bi<span class=\"_ _2\"></span>d pri<span class=\"_ _2\"></span>ce)<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls2f ws2f gs59e\">is deducted. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls54 ws70 gs59f\">The liability discount rate for each plan is ba<span class=\"_ _2\"></span>sed on the yield curve of a<span class=\"_ _2\"></span> portfolio of high<span class=\"ls1 ws0\">-</span><span class=\"ws83\">quality </span></div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls49 wsaa gs5a0\">corpo<span class=\"_ _2\"></span>rate<span class=\"_ _2\"></span> bo<span class=\"_ _2\"></span>nds t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> ha<span class=\"_ _2\"></span>ve mat<span class=\"_ _2\"></span>uri<span class=\"_ _2\"></span>ty d<span class=\"_ _2\"></span>ates<span class=\"_ _2\"></span> whi<span class=\"_ _2\"></span>ch <span class=\"_ _2\"></span>are<span class=\"_ _2\"></span> appr<span class=\"_ _2\"></span>oxim<span class=\"_ _2\"></span>atel<span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>the s<span class=\"_ _2\"></span>ame <span class=\"_ _2\"></span>as t<span class=\"_ _2\"></span>he t<span class=\"_ _2\"></span>erm<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> the </div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls54 ws70 gs5a1\">respective plans<span class=\"ff1ba ls1 ws0\">\u2019<span class=\"ff1b9\"> <span class=\"_ _1\"></span><span class=\"ls54 ws70\">obligations. The calculation is performed by a<span class=\"_ _2\"></span> qualified actuary using the pr<span class=\"_ _2\"></span>ojected </span></span></span></div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls2f ws2f gs5a2\">unit credit<span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">method<span class=\"_ _2\"></span>. </span> </span></div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls48 ws32 gs5a3\">The curre<span class=\"_ _2\"></span>nt ser<span class=\"_ _2\"></span>vice cost <span class=\"_ _2\"></span>of the de<span class=\"_ _2\"></span>fined b<span class=\"_ _2\"></span>enefit pl<span class=\"_ _2\"></span>an, rec<span class=\"_ _2\"></span>ognised i<span class=\"_ _2\"></span>n the i<span class=\"_ _2\"></span>ncome st<span class=\"_ _2\"></span>atement i<span class=\"_ _2\"></span>n empl<span class=\"_ _2\"></span>oyee </div><div class=\"t m0 hac ff1ba fs39 fc2 sc0 ls54 ws70 gs5a4\">benefit expense, reflects the increase in t<span class=\"_ _2\"></span>he defined benefit obligation resulting from employees\u2019 </div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls49 wsaa gs5a5\">servi<span class=\"_ _2\"></span>ce i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>nt ye<span class=\"_ _2\"></span>ar,<span class=\"_ _2\"></span> be<span class=\"_ _2\"></span>nefit<span class=\"_ _2\"></span> ch<span class=\"_ _2\"></span>anges<span class=\"_ _2\"></span>, c<span class=\"_ _2\"></span>urtai<span class=\"_ _2\"></span>lm<span class=\"_ _2\"></span>en<span class=\"ls30 ws73\">ts a<span class=\"_ _2\"></span>nd settl<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span>s.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls48 ws32 gs5a6\">When the b<span class=\"_ _2\"></span>enefit<span class=\"_ _2\"></span>s of a pl<span class=\"_ _2\"></span>an are i<span class=\"_ _2\"></span>ncrea<span class=\"_ _2\"></span>sed, the<span class=\"_ _2\"></span> increased<span class=\"_ _2\"></span> benefit<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>ating to pa<span class=\"_ _2\"></span>st ser<span class=\"_ _2\"></span>vice by<span class=\"_ _2\"></span> employee<span class=\"_ _2\"></span>s </div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls49 wsaa gs5a7\">is re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d as<span class=\"_ _2\"></span> an <span class=\"_ _2\"></span>expe<span class=\"_ _2\"></span>nse i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e st<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> imm<span class=\"_ _2\"></span>edia<span class=\"_ _2\"></span>tely<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls73 wsb6 gs5a8\">Th<span class=\"_ _1\"></span>e ne<span class=\"_ _1\"></span>t inte<span class=\"_ _1\"></span>rest<span class=\"_ _1\"></span> cos<span class=\"_ _1\"></span>t is cal<span class=\"_ _1\"></span>cula<span class=\"_ _1\"></span>ted b<span class=\"_ _1\"></span>y app<span class=\"_ _1\"></span>lyin<span class=\"_ _1\"></span>g the d<span class=\"_ _1\"></span>isco<span class=\"_ _1\"></span>un<span class=\"_ _1\"></span>t rate<span class=\"_ _1\"></span> to the<span class=\"_ _1\"></span> net b<span class=\"_ _1\"></span>alan<span class=\"_ _1\"></span>ce of<span class=\"_ _1\"></span> the de<span class=\"_ _1\"></span>fine<span class=\"_ _1\"></span>d </div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls49 ws7c gs5a9\">benef<span class=\"_ _2\"></span>it obl<span class=\"_ _2\"></span>ig<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n and t<span class=\"_ _2\"></span>he fair<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue of<span class=\"ls1 ws0\"> <span class=\"ls30 wsab\">plan<span class=\"_ _2\"></span> asset<span class=\"_ _2\"></span>s. T<span class=\"_ _2\"></span>his</span> <span class=\"ls48 ws32\">cost i<span class=\"_ _2\"></span>s included<span class=\"_ _2\"></span> in empl<span class=\"_ _2\"></span>oyee be<span class=\"_ _2\"></span>nefit exp<span class=\"_ _2\"></span>ense </span></span></div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls49 wsaa gs5aa\">in t<span class=\"_ _2\"></span>he inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls49 ws7c gs5ab\">Actu<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>al gain<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> losse<span class=\"_ _2\"></span>s aris<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> from ex<span class=\"_ _2\"></span>peri<span class=\"_ _2\"></span>enc<span class=\"_ _2\"></span>e adj<span class=\"_ _2\"></span>ustm<span class=\"_ _2\"></span>ents a<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span> change<span class=\"_ _2\"></span>s in ac<span class=\"_ _2\"></span>tuari<span class=\"_ _2\"></span>al </div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls48 ws32 gs5ac\">assumptio<span class=\"_ _2\"></span>ns are c<span class=\"_ _2\"></span>harged or<span class=\"_ _2\"></span> credit<span class=\"_ _2\"></span>ed to equit<span class=\"_ _2\"></span>y in<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span>o<span class=\"ls73 wsb6\">th<span class=\"_ _1\"></span>er com<span class=\"_ _1\"></span>preh<span class=\"_ _1\"></span>ensi<span class=\"_ _1\"></span>ve in<span class=\"_ _1\"></span>come<span class=\"_ _1\"></span> in th<span class=\"_ _1\"></span>e per<span class=\"_ _1\"></span>iod in<span class=\"_ _1\"></span> whi<span class=\"_ _1\"></span>ch </span></span></div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls48 ws32 gs5ad\">they arise.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls61 wsac gs5ae\">Where the calculation re<span class=\"_ _2\"></span>sults in a <span class=\"_ _2\"></span>benefit to the Group, <span class=\"_ _2\"></span>the asset recognised<span class=\"_ _2\"></span> is limited to th<span class=\"_ _2\"></span>e present </div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls49 wsaa gs5af\">value<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>any f<span class=\"_ _2\"></span>utu<span class=\"_ _2\"></span>re r<span class=\"_ _2\"></span>efu<span class=\"_ _2\"></span>nds f<span class=\"_ _2\"></span>rom<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">pl<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n or r<span class=\"_ _2\"></span>educt<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>ns i<span class=\"_ _2\"></span>n fut<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntrib<span class=\"_ _2\"></span>uti<span class=\"_ _2\"></span>ons t<span class=\"_ _2\"></span>o th<span class=\"_ _2\"></span>e pl<span class=\"_ _2\"></span>an.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls49 wsaa gs5b0\">Gains<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>sses <span class=\"_ _2\"></span>on t<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>urt<span class=\"_ _2\"></span>ailm<span class=\"_ _2\"></span>ent <span class=\"_ _2\"></span>or s<span class=\"_ _2\"></span>ettl<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> a d<span class=\"_ _2\"></span>efi<span class=\"_ _2\"></span>ned b<span class=\"_ _2\"></span>enef<span class=\"_ _2\"></span>it p<span class=\"_ _2\"></span>la<span class=\"_ _2\"></span>n are<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>recog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d at<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls49 wsaa gs5b1\">the ti<span class=\"_ _2\"></span>me t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> curt<span class=\"_ _2\"></span>ail<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> or s<span class=\"_ _2\"></span>ettl<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt oc<span class=\"_ _2\"></span>cur<span class=\"_ _2\"></span>s. A<span class=\"_ _2\"></span> cur<span class=\"_ _2\"></span>tail<span class=\"_ _2\"></span>me<span class=\"_ _2\"></span>nt oc<span class=\"_ _2\"></span>cur<span class=\"_ _2\"></span>s whe<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup<span class=\"_ _2\"></span> adop<span class=\"_ _2\"></span>ts <span class=\"_ _2\"></span>a </div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls49 wsaa gs5b2\">signi<span class=\"_ _2\"></span>fic<span class=\"_ _2\"></span>ant r<span class=\"_ _2\"></span>educ<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>on i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> num<span class=\"_ _2\"></span>ber<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>emplo<span class=\"_ _2\"></span>yee<span class=\"_ _2\"></span>s c<span class=\"_ _2\"></span>overe<span class=\"_ _2\"></span>d by<span class=\"_ _2\"></span> a pl<span class=\"_ _2\"></span>an <span class=\"_ _2\"></span>or c<span class=\"_ _2\"></span>hang<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls48 ws7d\">term<span class=\"_ _2\"></span>s of a defined </span></span></div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls54 ws75 gs5b3\">benefit plan such <span class=\"_ _1\"></span>that<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">a sig<span class=\"_ _2\"></span>nif<span class=\"_ _2\"></span>ica<span class=\"_ _2\"></span>nt par<span class=\"_ _2\"></span>t of<span class=\"_ _2\"></span> f<span class=\"_ _2\"></span>utur<span class=\"_ _2\"></span>e ea<span class=\"_ _2\"></span>rni<span class=\"_ _2\"></span>ngs t<span class=\"_ _2\"></span>o c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>nt em<span class=\"_ _2\"></span>plo<span class=\"_ _2\"></span>yee<span class=\"_ _2\"></span>s wil<span class=\"_ _2\"></span>l no<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>nger<span class=\"_ _2\"></span> quali<span class=\"_ _2\"></span>fy<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls53 ws0 gs5b4\">for be<span class=\"_ _2\"></span>nefits<span class=\"_ _2\"></span> or<span class=\"ls1\"> <span class=\"ls54 ws70\">will qualify only for reduced benefits.</span> </span></div><div class=\"t m0 h7e ff1b8 fs39 fc9 sc0 ls46 ws89 gs5b6\">(iii<span class=\"_ _2\"></span>) Shor<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\">-</span><span class=\"ws6f\">term <span class=\"ls4a ws76\">and<span class=\"ls1 ws0\"> </span>long<span class=\"ls1 ws0\">-</span></span><span class=\"ws92\">term<span class=\"_ _2\"></span> cas<span class=\"_ _2\"></span>h<span class=\"ls1 ws0\">-<span class=\"ls4b ws75\">based be<span class=\"_ _2\"></span>nefi<span class=\"_ _2\"></span>ts</span> </span></span></span></div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls4b ws77 gs5b7\">Short<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls49 ws7c\">term empl<span class=\"_ _2\"></span>oyee<span class=\"_ _2\"></span> bene<span class=\"_ _2\"></span>fit ob<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>gati<span class=\"_ _2\"></span>ons ar<span class=\"_ _2\"></span>e mea<span class=\"_ _2\"></span>sured<span class=\"_ _2\"></span> on an<span class=\"_ _2\"></span> undisc<span class=\"_ _2\"></span>oun<span class=\"_ _2\"></span>ted ba<span class=\"_ _2\"></span>sis<span class=\"_ _2\"></span></span>, <span class=\"_ _1\"></span><span class=\"ls54 ws70\">while long<span class=\"ls1 ws0\">-<span class=\"ls48 ws72\">term </span></span></span></span></div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls49 ws78 gs5b8\">cash<span class=\"ls1 ws0\">-<span class=\"ls48 ws32\">based<span class=\"_ _2\"></span> employee<span class=\"_ _2\"></span> benefit <span class=\"_ _2\"></span>obli<span class=\"_ _2\"></span>gations <span class=\"_ _2\"></span>are disc<span class=\"_ _2\"></span>ounted b<span class=\"_ _2\"></span>ased on <span class=\"_ _2\"></span>expected pa<span class=\"_ _2\"></span>yment d<span class=\"_ _2\"></span>ate. They<span class=\"_ _2\"></span> are </span></span></div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls54 ws70 gs5b9\">expensed in the period in which t<span class=\"_ _2\"></span>he related service is provided. An<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">accr<span class=\"_ _2\"></span>ual i<span class=\"_ _2\"></span>s re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d for<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e </span></span></div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls2f ws2f gs5ba\">amount expected to<span class=\"_ _2\"></span> be paid u<span class=\"_ _2\"></span>nder short<span class=\"ls1 ws0\">-<span class=\"ls57 wsad\">te<span class=\"_ _1\"></span>rm cash<span class=\"_ _1\"></span> bonus<span class=\"_ _1\"></span> or pro<span class=\"_ _1\"></span>fit<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls49 wsaa\">sh<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>ng pl<span class=\"_ _2\"></span>ans i<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> has<span class=\"_ _2\"></span> </span></span></span></span></div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls1 ws0 gs5bb\">a<span class=\"_ _1\"></span> <span class=\"ls49 wsaa\">prese<span class=\"_ _2\"></span>nt l<span class=\"_ _2\"></span>egal<span class=\"_ _2\"></span> or<span class=\"_ _2\"></span> con<span class=\"_ _2\"></span>str<span class=\"_ _2\"></span>ucti<span class=\"_ _2\"></span>ve o<span class=\"_ _2\"></span>bl<span class=\"_ _2\"></span>igati<span class=\"_ _2\"></span>on t<span class=\"_ _2\"></span>o p<span class=\"_ _2\"></span>ay thi<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nt as<span class=\"_ _2\"></span></span> <span class=\"ls54 ws70\">a result of past service provided by </span></div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls48 ws7d gs5bc\">the employee<span class=\"_ _2\"></span>s and the obl<span class=\"ls61 wsac\">igation ca<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls48 ws32\">b<span class=\"_ _2\"></span>e estim<span class=\"_ _2\"></span>ated reli<span class=\"_ _2\"></span>ably.<span class=\"ls1 ws0\"> </span></span></span></span></div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls48 ws32 gs5bd\">At Novemb<span class=\"_ _2\"></span>er 30, 2<span class=\"_ _2\"></span>0<span class=\"ls54 ws83\">25</span>, the G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> operated<span class=\"_ _2\"></span> a number<span class=\"_ _2\"></span> of pe<span class=\"_ _2\"></span>nsion pl<span class=\"_ _2\"></span>ans for t<span class=\"_ _2\"></span>he ben<span class=\"_ _2\"></span>efit of<span class=\"_ _2\"></span> its empl<span class=\"_ _2\"></span>oyees </div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls49 wsaa gs5be\">thro<span class=\"_ _2\"></span>ugho<span class=\"_ _2\"></span>ut t<span class=\"_ _2\"></span>he w<span class=\"_ _2\"></span>orld<span class=\"_ _2\"></span>, wi<span class=\"_ _2\"></span>th v<span class=\"_ _2\"></span>aryi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> right<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd <span class=\"_ _2\"></span>oblig<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ons <span class=\"_ _2\"></span>depe<span class=\"_ _2\"></span>ndi<span class=\"_ _2\"></span>ng o<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he co<span class=\"_ _2\"></span>ndit<span class=\"_ _2\"></span>ions<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> pr<span class=\"_ _2\"></span>acti<span class=\"_ _2\"></span>ces<span class=\"_ _2\"></span> in </div><div class=\"t m0 hac ff1ba fs39 fc2 sc0 ls54 ws70 gs5bf\">the specific countries. The Group\u2019s pension pl<span class=\"_ _2\"></span>ans are provided through bo<span class=\"ff1b9 ls49 wsaa\">th d<span class=\"_ _2\"></span>ef<span class=\"_ _2\"></span>ined<span class=\"_ _2\"></span> bene<span class=\"_ _2\"></span>fit<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> </span></div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls49 wsaa gs5c0\">defi<span class=\"_ _2\"></span>ned c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>ib<span class=\"_ _2\"></span>utio<span class=\"_ _2\"></span>n arr<span class=\"_ _2\"></span>ang<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span>s. T<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span>se pl<span class=\"_ _2\"></span>ans<span class=\"_ _2\"></span> are r<span class=\"_ _2\"></span>egul<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>d by<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e re<span class=\"_ _2\"></span>spect<span class=\"_ _2\"></span>ive<span class=\"_ _2\"></span> reg<span class=\"_ _2\"></span>ulat<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>s in e<span class=\"_ _2\"></span>ach <span class=\"_ _2\"></span>of </div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls48 ws32 gs5c1\">the count<span class=\"_ _2\"></span>ries wher<span class=\"_ _2\"></span>e they<span class=\"_ _2\"></span> are set <span class=\"_ _2\"></span>up.<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls49 wsaa gs5c2\">The G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> oper<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>s d<span class=\"_ _2\"></span>efin<span class=\"_ _2\"></span>ed be<span class=\"_ _2\"></span>ne<span class=\"_ _2\"></span>fit p<span class=\"_ _2\"></span>lans<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> the U<span class=\"_ _2\"></span>nite<span class=\"_ _2\"></span>d S<span class=\"_ _2\"></span>tate<span class=\"_ _2\"></span>s, t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>Unit<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>Kingd<span class=\"_ _2\"></span>om,<span class=\"_ _2\"></span> Berm<span class=\"_ _2\"></span>ud<span class=\"_ _2\"></span>a, <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls48 ws32 gs5c3\">the Net<span class=\"_ _2\"></span>herlands, N<span class=\"_ _2\"></span>orway,<span class=\"_ _2\"></span> the Phili<span class=\"_ _2\"></span>ppine<span class=\"_ _2\"></span>s and<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">Japan<span class=\"_ _2\"></span>. O<span class=\"_ _2\"></span>ne</span> </span>of the d<span class=\"_ _2\"></span>efined ben<span class=\"_ _2\"></span>efit pl<span class=\"_ _2\"></span>ans cover<span class=\"_ _2\"></span>s <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls2f ws92 gs5c4\">certain ship officers and other seafarers<span class=\"ls1 ws0\">, <span class=\"ls4b ws71\">while the ot<span class=\"_ _2\"></span>her<span class=\"_ _2\"></span>s are for<span class=\"_ _2\"></span> shor<span class=\"_ _2\"></span>e</span>-<span class=\"ls48 ws32\">based employ<span class=\"_ _2\"></span>ees.</span> </span></div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls54 ws83 gs5c5\">Company<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws73\">sp<span class=\"_ _2\"></span>onso<span class=\"_ _2\"></span>red d<span class=\"ls54 ws70\">efined contribution pension pla<span class=\"_ _2\"></span>ns are currently provided in all of the <span class=\"_ _2\"></span>above </span></span></span></div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls49 wsaa gs5c6\">count<span class=\"_ _2\"></span>rie<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd Sp<span class=\"_ _2\"></span>ain.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws7c\">Group a<span class=\"_ _2\"></span>lso ope<span class=\"_ _2\"></span>rate<span class=\"_ _2\"></span>s an unf<span class=\"_ _2\"></span>un<span class=\"_ _2\"></span>ded p<span class=\"_ _2\"></span>ost<span class=\"ls1 ws0\">-<span class=\"ls54 ws70\">retirement medical plan in the </span></span></span></div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls49 ws78 gs5c7\">Unit<span class=\"_ _2\"></span>ed<span class=\"ls1 ws0\"> </span>State<span class=\"_ _2\"></span>s.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff1ba fs39 fc2 sc0 ls48 ws32 gs5c8\">Defined be<span class=\"_ _2\"></span>nefit pl<span class=\"_ _2\"></span>ans pro<span class=\"_ _2\"></span>vide be<span class=\"_ _2\"></span>nefits b<span class=\"_ _2\"></span>ased on<span class=\"_ _2\"></span> the empl<span class=\"_ _2\"></span>oyees\u2019 l<span class=\"_ _2\"></span>ength of<span class=\"_ _2\"></span> pension<span class=\"_ _2\"></span>able servi<span class=\"_ _2\"></span>ce a<span class=\"_ _2\"></span>nd </div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls54 ws70 gs5c9\">their final pensionable salary or other criteria. Defined c<span class=\"_ _2\"></span>ontribution plans offer employees individual </div><div class=\"t m0 hac ff1b9 fs39 fc2 sc0 ls49 wsaa gs5ca\">fund<span class=\"_ _2\"></span>s th<span class=\"_ _2\"></span>at ar<span class=\"_ _2\"></span>e c<span class=\"_ _2\"></span>onve<span class=\"_ _2\"></span>rted<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>o b<span class=\"_ _2\"></span>enef<span class=\"_ _2\"></span>its <span class=\"_ _2\"></span>at t<span class=\"_ _2\"></span>he ti<span class=\"_ _2\"></span>me o<span class=\"_ _2\"></span>f r<span class=\"_ _2\"></span><span class=\"ls48 ws72\">etirement.<span class=\"_ _195\"> </span></span><span class=\"ls48 ws72\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 ha6 ff1d2 fs3c fcb sc0 ls5a wsb4 gs637\">Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff1d3 fs39 fc2 sc0 ls49 wsaa gs638\">A pro<span class=\"_ _2\"></span>visi<span class=\"_ _2\"></span>on i<span class=\"_ _2\"></span>s rec<span class=\"_ _2\"></span>og<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d i<span class=\"_ _2\"></span>n the b<span class=\"_ _2\"></span>ala<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> she<span class=\"_ _2\"></span>et <span class=\"_ _2\"></span>when <span class=\"_ _2\"></span>the G<span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span>up ha<span class=\"_ _2\"></span>s a p<span class=\"_ _2\"></span>res<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> leg<span class=\"_ _2\"></span>al o<span class=\"_ _2\"></span>r co<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ucti<span class=\"_ _2\"></span>ve </div><div class=\"t m0 hac ff1d3 fs39 fc2 sc0 ls54 ws70 gs639\">obligation as a result of a p<span class=\"_ _2\"></span>ast event, and it is prob<span class=\"_ _2\"></span>able that an outflow of economic benefits will<span class=\"_ _2\"></span> be </div><div class=\"t m0 hac ff1d3 fs39 fc2 sc0 ls49 ws7c gs63a\">requi<span class=\"_ _2\"></span>red t<span class=\"_ _2\"></span>o settl<span class=\"_ _2\"></span>e t<span class=\"_ _2\"></span>he obli<span class=\"_ _2\"></span>gati<span class=\"_ _2\"></span>on.<span class=\"_ _2\"></span> Provi<span class=\"_ _2\"></span>sio<span class=\"_ _2\"></span>ns ar<span class=\"_ _2\"></span>e meas<span class=\"_ _2\"></span><span class=\"ff1d4 ls61 wsac\">ured at m<span class=\"_ _2\"></span>anagement\u2019s best estimate of<span class=\"_ _2\"></span> the </span></div><div class=\"t m0 hac ff1d3 fs39 fc2 sc0 ls48 ws32 gs63b\">expenditur<span class=\"_ _2\"></span>e requir<span class=\"_ _2\"></span>ed to <span class=\"_ _2\"></span>settle t<span class=\"_ _2\"></span>he obligati<span class=\"_ _2\"></span>on at t<span class=\"_ _2\"></span>he bal<span class=\"_ _2\"></span>ance sheet<span class=\"_ _2\"></span> date. I<span class=\"_ _2\"></span>f the eff<span class=\"_ _2\"></span>ect is<span class=\"_ _2\"></span> materi<span class=\"_ _2\"></span>al, </div><div class=\"t m0 hac ff1d3 fs39 fc2 sc0 ls49 wsaa gs63c\">provi<span class=\"_ _2\"></span>sio<span class=\"_ _2\"></span>ns <span class=\"_ _2\"></span>are r<span class=\"_ _2\"></span>eco<span class=\"_ _2\"></span>gnis<span class=\"_ _2\"></span>ed at<span class=\"_ _2\"></span> pre<span class=\"_ _2\"></span>se<span class=\"_ _2\"></span>nt v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> by d<span class=\"_ _2\"></span>isc<span class=\"_ _2\"></span>ounti<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> the e<span class=\"_ _2\"></span>xp<span class=\"_ _2\"></span>ect<span class=\"_ _2\"></span>ed fu<span class=\"_ _2\"></span>tur<span class=\"_ _2\"></span>e cas<span class=\"_ _2\"></span>h fl<span class=\"_ _2\"></span>ows <span class=\"_ _2\"></span>at <span class=\"_ _2\"></span>a <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff1d3 fs39 fc2 sc0 ls2f ws4e gs63d\">pre<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls49 wsaa\">t<span class=\"_ _2\"></span>ax r<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> r<span class=\"ls48 ws32\">ef<span class=\"_ _2\"></span>lects t<span class=\"_ _2\"></span>he time <span class=\"_ _2\"></span>value of <span class=\"_ _2\"></span>money. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></div><div class=\"t m0 hac ff1d3 fs39 fc2 sc0 ls49 wsaa gs63e\">When<span class=\"_ _2\"></span> a c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>act b<span class=\"_ _2\"></span>eco<span class=\"_ _2\"></span>mes <span class=\"_ _2\"></span>oner<span class=\"_ _2\"></span>ous<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> pre<span class=\"_ _2\"></span>sen<span class=\"_ _2\"></span>t obli<span class=\"_ _2\"></span>gat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> unde<span class=\"_ _2\"></span>r t<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span> is r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nis<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>as a </div><div class=\"t m0 hac ff1d3 fs39 fc2 sc0 ls49 wsaa gs63f\">provi<span class=\"_ _2\"></span>sio<span class=\"_ _2\"></span>n a<span class=\"_ _2\"></span>nd me<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>ed at<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e lo<span class=\"_ _2\"></span>wer <span class=\"_ _2\"></span>of<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">the expect<span class=\"_ _2\"></span>ed cost<span class=\"_ _2\"></span> of f<span class=\"_ _2\"></span>ulfilli<span class=\"_ _2\"></span>ng the co<span class=\"_ _2\"></span>ntract <span class=\"_ _2\"></span>and the <span class=\"_ _2\"></span>expected </span></span></div><div class=\"t m0 hac ff1d3 fs39 fc2 sc0 ls48 ws32 gs640\">cost of t<span class=\"_ _2\"></span>erminati<span class=\"_ _2\"></span>ng the co<span class=\"_ _2\"></span>ntract<span class=\"_ _2\"></span> as far <span class=\"_ _2\"></span>as they e<span class=\"_ _2\"></span>xceed th<span class=\"_ _2\"></span>e expected<span class=\"_ _2\"></span> econo<span class=\"_ _2\"></span>mic benefit<span class=\"_ _2\"></span>s of t<span class=\"_ _2\"></span>he </div><div class=\"t m0 hac ff1d3 fs39 fc2 sc0 ls49 wsaa gs641\">cont<span class=\"_ _2\"></span>ract.<span class=\"_ _2\"></span> Add<span class=\"_ _2\"></span>iti<span class=\"_ _2\"></span>ons t<span class=\"_ _2\"></span>o pr<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>visi<span class=\"_ _2\"></span>ons <span class=\"_ _2\"></span>and re<span class=\"_ _2\"></span>ver<span class=\"_ _2\"></span>sals<span class=\"_ _2\"></span> ar<span class=\"_ _2\"></span>e ge<span class=\"_ _2\"></span>neral<span class=\"_ _2\"></span>ly r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he Co<span class=\"_ _2\"></span>nsoli<span class=\"_ _2\"></span>dat<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff1d3 fs39 fc2 sc0 ls49 wsaa gs642\">Inco<span class=\"_ _2\"></span>me St<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff1d3 fs39 fc2 sc0 ls48 ws32 gs643\">The present<span class=\"_ _2\"></span> value <span class=\"_ _2\"></span>of the <span class=\"_ _2\"></span>recogni<span class=\"_ _2\"></span>sed oblig<span class=\"_ _2\"></span>ations <span class=\"_ _2\"></span>associat<span class=\"_ _2\"></span>ed with<span class=\"_ _2\"></span> the retir<span class=\"_ _2\"></span>ement <span class=\"_ _2\"></span>of propert<span class=\"_ _2\"></span>y, <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff1d3 fs39 fc2 sc0 ls49 wsaa gs644\">plant<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> eq<span class=\"_ _2\"></span>uipme<span class=\"_ _2\"></span>nt (<span class=\"_ _2\"></span>asse<span class=\"_ _2\"></span>t r<span class=\"_ _2\"></span>etir<span class=\"_ _2\"></span>em<span class=\"_ _2\"></span>ent ob<span class=\"_ _2\"></span>lig<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ons)<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>at r<span class=\"_ _2\"></span>esult<span class=\"_ _2\"></span> fr<span class=\"_ _2\"></span>om t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>acqui<span class=\"_ _2\"></span>siti<span class=\"_ _2\"></span>on, <span class=\"_ _2\"></span>co<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ucti<span class=\"_ _2\"></span>on,<span class=\"_ _2\"></span> </div><div class=\"t m0 hac ff1d3 fs39 fc2 sc0 ls49 wsaa gs645\">devel<span class=\"_ _2\"></span>opme<span class=\"_ _2\"></span>nt <span class=\"_ _2\"></span>or n<span class=\"_ _2\"></span>orm<span class=\"_ _2\"></span>al use<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>an<span class=\"_ _2\"></span> asset<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> ad<span class=\"_ _2\"></span>ded<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>arryi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nt o<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">related a<span class=\"_ _2\"></span>sset. T<span class=\"_ _2\"></span>he </span></span></div><div class=\"t m0 hac ff1d3 fs39 fc2 sc0 ls2f ws2f gs646\">additional carrying<span class=\"_ _2\"></span> amount is dep<span class=\"_ _2\"></span>reciated <span class=\"_ _2\"></span>over the useful<span class=\"_ _2\"></span> life of t<span class=\"_ _2\"></span>he related a<span class=\"_ _2\"></span>sset. Additio<span class=\"_ _2\"></span>ns to and </div><div class=\"t m0 hac ff1d3 fs39 fc2 sc0 ls2f ws2f gs647\">reductions from<span class=\"_ _2\"></span> the<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">prese<span class=\"_ _2\"></span>nt v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> of a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span> reti<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> obl<span class=\"_ _2\"></span>ig<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>ns t<span class=\"_ _2\"></span>hat r<span class=\"_ _2\"></span>esul<span class=\"_ _2\"></span>t f<span class=\"_ _2\"></span>rom c<span class=\"_ _2\"></span>ha<span class=\"_ _2\"></span>nges i<span class=\"_ _2\"></span>n </span></span></div><div class=\"t m0 hac ff1d3 fs39 fc2 sc0 ls49 wsaa gs648\">estim<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> ge<span class=\"_ _2\"></span>ner<span class=\"_ _2\"></span>ally r<span class=\"_ _2\"></span>eco<span class=\"_ _2\"></span>gni<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> by <span class=\"_ _2\"></span>adju<span class=\"_ _2\"></span>stin<span class=\"_ _2\"></span>g t<span class=\"_ _2\"></span>he car<span class=\"_ _2\"></span>ryi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>amount<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>et <span class=\"_ _2\"></span>and </div><div class=\"t m0 hac ff1d3 fs39 fc2 sc0 ls61 wsac gs649\">provision. If the <span class=\"_ _2\"></span>asset retirement obligation is<span class=\"_ _2\"></span> settled for <span class=\"_ _2\"></span>other than the carrying <span class=\"_ _2\"></span>amount of the liabilit<span class=\"_ _2\"></span>y, </div><div class=\"t m0 hac ff1d3 fs39 fc2 sc0 ls4b ws77 gs64a\">the<span class=\"ls1 ws0\"> <span class=\"ls49 ws7c\">Comp<span class=\"_ _2\"></span>any re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>s a gai<span class=\"_ _2\"></span>n or lo<span class=\"_ _2\"></span>ss on set<span class=\"_ _2\"></span>tlem<span class=\"_ _2\"></span>ent.<span class=\"_ _2\"></span></span> </span></div><div class=\"t m0 hac ff1d3 fs39 fc2 sc0 ls54 ws70 gs64b\">A provision is established for obli<span class=\"_ _2\"></span>gations under lease agreements to dismantle and/or restore le<span class=\"_ _2\"></span>ased </div><div class=\"t m0 hac ff1d3 fs39 fc2 sc0 ls54 ws70 gs64c\">property to its original condition. <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 ha6 ff1ed fs3c fcb sc0 ls5a wsb4 gs6bf\">Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h7e ff1ed fs39 fc9 sc0 ls49 wsb5 gs6c0\">Equity<span class=\"_ _2\"></span> ca<span class=\"_ _2\"></span>pita<span class=\"_ _2\"></span>l st<span class=\"_ _2\"></span>ock<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff1ee fs39 fc2 sc0 ls54 ws70 gs6c1\">The Company\u2019s capital comprises equity capital stock. Eq<span class=\"_ _2\"></span>uity capital stock is measured based on </div><div class=\"t m0 hac ff1ef fs39 fc2 sc0 ls49 ws78 gs6c2\">net<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">proceeds. </span></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h7e ff1ed fs39 fc9 sc0 ls4c ws79 gs6c3\">Dividends<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff1ef fs39 fc2 sc0 ls2f ws2f gs6c4\">Dividends recomme<span class=\"_ _2\"></span>nded by the <span class=\"_ _2\"></span>Board of Dir<span class=\"_ _2\"></span>ectors are rec<span class=\"_ _2\"></span>ognised in th<span class=\"_ _2\"></span>e Financial Stat<span class=\"_ _2\"></span>ements wh<span class=\"_ _2\"></span>en </div><div class=\"t m0 hac ff1ef fs39 fc2 sc0 ls48 ws32 gs6c5\">they ha<span class=\"_ _2\"></span>ve been <span class=\"_ _2\"></span>approved b<span class=\"_ _2\"></span>y<span class=\"ls1 ws0\"> <span class=\"ls4b ws77\">the</span> s<span class=\"_ _1\"></span><span class=\"ls49 wsaa\">har<span class=\"_ _2\"></span>ehol<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span>s at <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> Ann<span class=\"_ _2\"></span>ual G<span class=\"_ _2\"></span>ene<span class=\"_ _2\"></span>ral<span class=\"_ _2\"></span> Meet<span class=\"_ _2\"></span>ing.<span class=\"_ _2\"></span> Int<span class=\"_ _2\"></span>erim<span class=\"_ _2\"></span> divi<span class=\"_ _2\"></span>de<span class=\"_ _2\"></span>nds ar<span class=\"_ _2\"></span>e </span></span></div><div class=\"t m0 hac ff1ef fs39 fc2 sc0 ls48 ws32 gs6c6\">recognised<span class=\"_ _2\"></span> when app<span class=\"_ _2\"></span>roved b<span class=\"_ _2\"></span>y th<span class=\"_ _2\"></span>e Board of <span class=\"_ _2\"></span>Direct<span class=\"_ _2\"></span>ors.<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h7e ff1ed fs39 fc9 sc0 ls46 ws92 gs6c7\">Treas<span class=\"_ _2\"></span>ury<span class=\"_ _2\"></span> sha<span class=\"_ _2\"></span>res<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff1ee fs39 fc2 sc0 ls49 wsaa gs6c8\">Upon t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>Gro<span class=\"_ _2\"></span>up\u2019s<span class=\"_ _2\"></span> pur<span class=\"_ _2\"></span>cha<span class=\"_ _2\"></span>se of<span class=\"_ _2\"></span> its<span class=\"_ _2\"></span> ow<span class=\"_ _2\"></span>n sh<span class=\"_ _2\"></span>ares<span class=\"_ _2\"></span> (<span class=\"ff1ef ls1 ws0\">T</span><span class=\"ff1ef\">reas<span class=\"_ _2\"></span>ury <span class=\"_ _2\"></span>shar<span class=\"_ _2\"></span>es),<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e consi<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on p<span class=\"_ _2\"></span>aid<span class=\"_ _2\"></span> is d<span class=\"_ _2\"></span>educ<span class=\"_ _2\"></span>ted<span class=\"_ _2\"></span> </span></div><div class=\"t m0 hac ff1ef fs39 fc2 sc0 ls48 ws32 gs6c9\">from equit<span class=\"_ _2\"></span>y attrib<span class=\"_ _2\"></span>utable t<span class=\"_ _2\"></span>o equity<span class=\"_ _2\"></span> holde<span class=\"_ _2\"></span>rs until t<span class=\"_ _2\"></span>he sh<span class=\"_ _2\"></span>ares are <span class=\"_ _2\"></span>cancel<span class=\"_ _2\"></span>led, rei<span class=\"_ _2\"></span>ssued or ot<span class=\"_ _2\"></span>herwis<span class=\"_ _2\"></span>e </div><div class=\"t m0 hac ff1ef fs39 fc2 sc0 ls49 wsaa gs6ca\">dispo<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> of.<span class=\"_ _2\"></span> In c<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span>s whe<span class=\"_ _2\"></span>re <span class=\"_ _2\"></span>such<span class=\"_ _2\"></span> shar<span class=\"_ _2\"></span>es<span class=\"_ _2\"></span> are <span class=\"_ _2\"></span>sub<span class=\"_ _2\"></span>seque<span class=\"_ _2\"></span>ntly<span class=\"_ _2\"></span> so<span class=\"_ _2\"></span>ld o<span class=\"_ _2\"></span>r re<span class=\"_ _2\"></span>issue<span class=\"_ _2\"></span>d,<span class=\"_ _2\"></span> any<span class=\"_ _2\"></span> consi<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on </div><div class=\"t m0 hac ff1ef fs39 fc2 sc0 ls48 ws32 gs6cb\">received i<span class=\"_ _2\"></span>s in<span class=\"ls49 wsaa\">cl<span class=\"_ _2\"></span>uded<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> equi<span class=\"_ _2\"></span>ty at<span class=\"_ _2\"></span>tr<span class=\"_ _2\"></span>ib<span class=\"_ _2\"></span>utabl<span class=\"_ _2\"></span>e t<span class=\"_ _2\"></span>o equi<span class=\"_ _2\"></span>ty<span class=\"_ _2\"></span> hold<span class=\"_ _2\"></span>ers.<span class=\"_ _195\"> </span></span><span class=\"ls49 wsaa\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 ha6 ff1f3 fs3c fcb sc0 ls5a wsb4 gs712\">Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff1f9 fs39 fc2 sc0 ls49 wsaa gs713\">Basi<span class=\"_ _2\"></span>c Ear<span class=\"_ _2\"></span>ning<span class=\"_ _2\"></span>s p<span class=\"_ _2\"></span>er C<span class=\"_ _2\"></span>ommo<span class=\"_ _2\"></span>n s<span class=\"_ _2\"></span>hare (<span class=\"_ _2\"></span>EPS)<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> cal<span class=\"_ _2\"></span>culat<span class=\"_ _2\"></span>ed b<span class=\"_ _2\"></span>y d<span class=\"_ _2\"></span>ivid<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> net p<span class=\"_ _2\"></span>rof<span class=\"_ _2\"></span>it b<span class=\"_ _2\"></span>y t<span class=\"_ _2\"></span>he w<span class=\"_ _2\"></span>eig<span class=\"_ _2\"></span>hted<span class=\"_ _2\"></span> aver<span class=\"_ _2\"></span>ag<span class=\"_ _2\"></span>e </div><div class=\"t m0 hac ff1f9 fs39 fc2 sc0 ls49 ws7c gs714\">numb<span class=\"_ _2\"></span>er of sh<span class=\"_ _2\"></span>are<span class=\"_ _2\"></span>s outs<span class=\"_ _2\"></span>tandi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> during<span class=\"_ _2\"></span> the ye<span class=\"_ _2\"></span>ar. Di<span class=\"_ _2\"></span>lut<span class=\"_ _2\"></span>ed<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">EPS is c<span class=\"_ _2\"></span>alculated<span class=\"_ _2\"></span> by adj<span class=\"_ _2\"></span>usting th<span class=\"_ _2\"></span>e weig<span class=\"_ _2\"></span>hted </span></span></div><div class=\"t m0 hac ff1f9 fs39 fc2 sc0 ls49 ws7c gs715\">avera<span class=\"_ _2\"></span>ge nu<span class=\"_ _2\"></span>mber<span class=\"_ _2\"></span> of shar<span class=\"_ _2\"></span>es o<span class=\"_ _2\"></span>utst<span class=\"_ _2\"></span>andi<span class=\"_ _2\"></span>ng dur<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> the ye<span class=\"_ _2\"></span>ar for<span class=\"_ _2\"></span> al<span class=\"ls54 ws70\">l potentially dilutive shares and </span></div><div class=\"t m0 hac ff1f9 fs39 fc2 sc0 ls49 wsaa gs716\">equi<span class=\"_ _2\"></span>valen<span class=\"_ _2\"></span>ts <span class=\"_ _2\"></span>outst<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>nding<span class=\"_ _2\"></span> dur<span class=\"_ _2\"></span>ing t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e year<span class=\"_ _2\"></span> us<span class=\"_ _2\"></span>ing t<span class=\"_ _2\"></span>he <span class=\"ls1 ws0\">t<span class=\"ls48 ws32\">reasu<span class=\"_ _2\"></span>ry stock m<span class=\"_ _2\"></span>ethod. <span class=\"_ _2\"></span></span> </span></div><div class=\"t m0 h98 ff1f4 fs39 fc2 sc0 ls48 ws2f gs717\">As furthe<span class=\"_ _2\"></span>r discu<span class=\"_ _2\"></span>ssed in<span class=\"_ _2\"></span> Note<span class=\"ls1 ws0\"> <span class=\"ls31 ws53\">30<span class=\"ff1f5 ls30 ws50\">, Fou<span class=\"_ _2\"></span>nder\u2019<span class=\"_ _2\"></span>s Sh<span class=\"_ _2\"></span>ares<span class=\"_ _2\"></span>, whic<span class=\"_ _2\"></span>h pr<span class=\"_ _2\"></span>ovide<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> hold<span class=\"_ _2\"></span>er t<span class=\"_ _2\"></span>hereof<span class=\"_ _2\"></span> with<span class=\"_ _2\"></span> ce<span class=\"_ _2\"></span>rtain<span class=\"_ _2\"></span> </span></span></span></div><div class=\"t m0 h98 ff1f4 fs39 fc2 sc0 ls30 ws50 gs718\">control<span class=\"_ _2\"></span> fe<span class=\"_ _2\"></span>ature<span class=\"_ _2\"></span>s, o<span class=\"_ _2\"></span>nly p<span class=\"_ _2\"></span>artic<span class=\"_ _2\"></span>ipate<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">e<span class=\"_ _2\"></span>arni<span class=\"_ _2\"></span>ngs to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> exte<span class=\"_ _2\"></span>nt <span class=\"_ _2\"></span>of $0.0<span class=\"_ _2\"></span>05 p<span class=\"_ _2\"></span>er sh<span class=\"_ _2\"></span>are f<span class=\"_ _2\"></span>or t<span class=\"_ _2\"></span>he ye<span class=\"_ _2\"></span>ars <span class=\"_ _2\"></span>in w<span class=\"_ _2\"></span>hich </span></span></div><div class=\"t m0 h98 ff1f4 fs39 fc2 sc0 ls30 ws50 gs719\">divide<span class=\"_ _2\"></span>nds <span class=\"_ _2\"></span>are de<span class=\"_ _2\"></span>clare<span class=\"_ _2\"></span>d a<span class=\"_ _2\"></span>nd a<span class=\"_ _2\"></span>re li<span class=\"_ _2\"></span>mited<span class=\"_ _2\"></span> to $0<span class=\"_ _2\"></span>.05<span class=\"_ _2\"></span> per s<span class=\"_ _2\"></span>hare<span class=\"_ _2\"></span> upo<span class=\"_ _2\"></span>n liq<span class=\"_ _2\"></span>uida<span class=\"_ _2\"></span>tion.<span class=\"_ _2\"></span> For <span class=\"_ _2\"></span>the p<span class=\"_ _2\"></span>urpo<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span> of </div><div class=\"t m0 h98 ff1f5 fs39 fc2 sc0 ls30 ws50 gs71a\">calcul<span class=\"_ _2\"></span>ating<span class=\"_ _2\"></span> EP<span class=\"_ _2\"></span>S, di<span class=\"_ _2\"></span>vidend<span class=\"_ _2\"></span>s p<span class=\"_ _2\"></span>aid o<span class=\"_ _2\"></span>n Fo<span class=\"_ _2\"></span>under\u2019<span class=\"_ _2\"></span>s S<span class=\"_ _2\"></span>hares<span class=\"_ _2\"></span> are de<span class=\"_ _2\"></span>ducte<span class=\"_ _2\"></span>d fr<span class=\"_ _2\"></span>om e<span class=\"_ _2\"></span>arning<span class=\"_ _2\"></span>s to<span class=\"_ _2\"></span> arri<span class=\"_ _2\"></span>ve <span class=\"_ _2\"></span>at ne<span class=\"_ _2\"></span><span class=\"ff1f4 ls55 ws73\">t </span></div><div class=\"t m0 h98 ff1f4 fs39 fc2 sc0 ls30 ws4f gs71b\">profi<span class=\"_ _2\"></span>t attrib<span class=\"_ _2\"></span>utab<span class=\"_ _2\"></span>le to<span class=\"_ _2\"></span> <span class=\"ls2f ws75\">holders of </span><span class=\"ff1f5 ws50\">Common <span class=\"_ _2\"></span>Share<span class=\"_ _2\"></span>s. F<span class=\"_ _2\"></span>ounde<span class=\"_ _2\"></span>r\u2019s <span class=\"_ _2\"></span>Share<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> not<span class=\"_ _2\"></span> incl<span class=\"_ _2\"></span>uded<span class=\"_ _2\"></span> in t<span class=\"_ _2\"></span>he basi<span class=\"_ _2\"></span>c o<span class=\"_ _2\"></span>r </span></div><div class=\"t m0 h98 ff1f4 fs39 fc2 sc0 ls30 ws50 gs71c\">diluted<span class=\"_ _2\"></span> weig<span class=\"_ _2\"></span>hted<span class=\"_ _2\"></span> ave<span class=\"_ _2\"></span>rage <span class=\"_ _2\"></span>share<span class=\"_ _2\"></span>s out<span class=\"_ _2\"></span>stand<span class=\"_ _2\"></span>ing i<span class=\"_ _2\"></span>n th<span class=\"_ _2\"></span>e c<span class=\"_ _2\"></span>alcul<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>earning<span class=\"_ _2\"></span>s pe<span class=\"_ _2\"></span>r C<span class=\"_ _2\"></span>ommon<span class=\"_ _2\"></span> Share<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-567": {
   "value": "1.<span class=\"ls1 ws0\"> General Information </span>Stol<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">Nielsen Limited</span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"> <span class=\"_ _2\"></span>(the Company or<span class=\"_ _2\"></span> SNL) a<span class=\"_ _2\"></span>nd its subsidi<span class=\"_ _2\"></span>aries (collectively<span class=\"_ _2\"></span>, the <span class=\"_ _2\"></span><span class=\"ls30 ws52\">Group<span class=\"_ _2\"></span></span></span>)<span class=\"ls30 ws50\">, throug<span class=\"_ _2\"></span>h i<span class=\"_ _2\"></span>ts </span></span>divisi<span class=\"_ _2\"></span>ons,<span class=\"_ _2\"></span> Stol<span class=\"_ _2\"></span>t Tan<span class=\"_ _2\"></span>kers<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls47 ws71\">(Tankers<span class=\"ls1 ws0\">)<span class=\"_ _1\"></span><span class=\"ls2f ws70\">, <span class=\"_ _2\"></span>Stolthaven Termin<span class=\"_ _2\"></span>als<span class=\"ls1 ws0\"> </span><span class=\"ws4e\">(Terminals)<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">and Sto<span class=\"_ _2\"></span>lt T<span class=\"_ _2\"></span>ank Co<span class=\"_ _2\"></span>ntai<span class=\"_ _2\"></span>ners<span class=\"_ _2\"></span></span> </span></span></span></span></span></span>(STC<span class=\"_ _2\"></span>)<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls48 ws72\">is <span class=\"ls30 ws50\">engage<span class=\"_ _2\"></span>d i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> <span class=\"ls2f ws4e\">worldwi<span class=\"_ _2\"></span>de </span><span class=\"ws52\">transpo<span class=\"_ _2\"></span>rtati<span class=\"_ _2\"></span>on<span class=\"ls49 ws73\">, st<span class=\"_ _2\"></span>or</span>ag<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> </span></span>and di<span class=\"_ _2\"></span>strib<span class=\"_ _2\"></span>ut<span class=\"ls4a ws74\">ion<span class=\"_ _2\"></span> of bu<span class=\"_ _2\"></span>lk<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">liquid chemicals, </span></span></span></span></span></span>edible<span class=\"ls1 ws0\"> </span><span class=\"ws75\">o<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ls, acids<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws50\">and<span class=\"_ _2\"></span> othe<span class=\"_ _2\"></span>r <span class=\"ls2f ws4e\">spec<span class=\"_ _2\"></span>iality<span class=\"ls1 ws0\"> </span>liquids.<span class=\"ls1 ws0\"> </span></span>The Group<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> also<span class=\"_ _2\"></span> eng<span class=\"_ _2\"></span>aged i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> se<span class=\"_ _2\"></span>afood b<span class=\"_ _2\"></span>usi<span class=\"_ _2\"></span>ness<span class=\"_ _2\"></span>, </span></span></span>which<span class=\"_ _2\"></span> is c<span class=\"_ _2\"></span>arried<span class=\"_ _2\"></span> out<span class=\"_ _2\"></span> thr<span class=\"_ _2\"></span>ough <span class=\"_ _2\"></span>Stol<span class=\"_ _2\"></span>t Sea<span class=\"_ _2\"></span> Fa<span class=\"_ _2\"></span>rm (S<span class=\"_ _2\"></span>SF), <span class=\"ws52\">w<span class=\"_ _2\"></span>hich<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>produce<span class=\"_ _2\"></span>s, proc<span class=\"_ _2\"></span>esse<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> ma<span class=\"_ _2\"></span>rkets<span class=\"_ _2\"></span> tu<span class=\"_ _2\"></span>rbot<span class=\"ls1 ws0\"> </span>and sol<span class=\"_ _2\"></span>e. <span class=\"_ _2\"></span>Furt<span class=\"_ _2\"></span>herm<span class=\"_ _2\"></span>ore, t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> <span class=\"ws52\">holds<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">i<span class=\"_ _2\"></span>nvestm<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span> <span class=\"ws50\">across<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>bulk<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">liquid logist<span class=\"_ _2\"></span>ics and di<span class=\"_ _2\"></span>stribution </span></span></span></span></span></span>field with it<span class=\"_ _2\"></span>s <span class=\"ls31 ws53\">13.6</span>% investme<span class=\"_ _2\"></span>nt in Odfjell <span class=\"_ _2\"></span>SE and <span class=\"ls48 ws72\">6.1<span class=\"_ _2\"></span><span class=\"ls30 ws50\">% in<span class=\"_ _2\"></span>vestme<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span> in <span class=\"_ _2\"></span>Ganes<span class=\"_ _2\"></span>h Benz<span class=\"_ _2\"></span>oplas<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\"> </span></span></span><span class=\"ws4e\">Limited </span>(GBL), liquefied <span class=\"_ _2\"></span>natural gas (L<span class=\"_ _2\"></span>NG) through<span class=\"_ _2\"></span> Avenir LNG L<span class=\"_ _2\"></span>imited<span class=\"ls1 ws0\"> </span><span class=\"ws4e\">(Avenir)</span>, its<span class=\"_ _2\"></span> 50% holdi<span class=\"_ _2\"></span>ng of <span class=\"ls4a ws76\">Hig<span class=\"_ _2\"></span>as<span class=\"ls1 ws0\"> </span></span>Holdings Limited<span class=\"ls1 ws0\"> (H<span class=\"_ _1\"></span><span class=\"ls30 ws52\">ig<span class=\"_ _2\"></span>as<span class=\"ls46 ws6f\">) <span class=\"ls4b ws77\">and<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">its 2.5% holding<span class=\"_ _2\"></span> of Gola<span class=\"_ _2\"></span>r LNG Limit<span class=\"_ _2\"></span>ed</span> <span class=\"_ _1\"></span><span class=\"ls49 ws78\">(<span class=\"_ _2\"></span>Gol<span class=\"_ _2\"></span>ar)<span class=\"ls1 ws0\">. <span class=\"_ _1\"></span><span class=\"ls47\">In addit<span class=\"_ _1\"></span>ion, it <span class=\"_ _1\"></span>has </span></span></span></span></span></span></span></span>invested in<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">land<span class=\"_ _2\"></span></span>-<span class=\"_ _1\"></span><span class=\"ls47\">based aq<span class=\"_ _1\"></span>uaculture<span class=\"_ _1\"></span> through <span class=\"_ _1\"></span>its <span class=\"ls31 ws53\">12<span class=\"ls4c ws79\">.3<span class=\"ls30 ws50\">% inv<span class=\"_ _2\"></span>estme<span class=\"_ _2\"></span>nt i<span class=\"_ _2\"></span>n The<span class=\"_ _2\"></span> King<span class=\"_ _2\"></span>fish C<span class=\"_ _2\"></span>omp<span class=\"_ _2\"></span>any </span></span></span></span></span>NV<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">(Kingfish).</span> </span>The C<span class=\"_ _2\"></span>ompany<span class=\"_ _2\"></span> is a<span class=\"_ _2\"></span> lim<span class=\"_ _2\"></span>ited <span class=\"_ _2\"></span>liabi<span class=\"_ _2\"></span>lity<span class=\"_ _2\"></span> hol<span class=\"_ _2\"></span>ding<span class=\"_ _2\"></span> compa<span class=\"_ _2\"></span>ny i<span class=\"_ _2\"></span>ncorp<span class=\"_ _2\"></span>ora<span class=\"_ _2\"></span>ted in B<span class=\"_ _2\"></span>ermud<span class=\"_ _2\"></span>a o<span class=\"_ _2\"></span>n Ju<span class=\"_ _2\"></span>ne 11<span class=\"_ _2\"></span>, 2010<span class=\"_ _2\"></span>. The<span class=\"ls1 ws0\"> </span><span class=\"ws4f\">Company<span class=\"_ _2\"></span> is lis<span class=\"_ _2\"></span>ted on the<span class=\"_ _2\"></span> Oslo Stoc<span class=\"_ _2\"></span>k Exc<span class=\"_ _2\"></span>hange<span class=\"_ _2\"></span> unde<span class=\"_ _2\"></span>r the tick<span class=\"_ _2\"></span>er symb<span class=\"_ _2\"></span>ol SNI a<span class=\"_ _2\"></span>nd </span>the<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>registe<span class=\"_ _2\"></span>red addres<span class=\"_ _2\"></span>s is C<span class=\"_ _2\"></span>la<span class=\"_ _2\"></span>rendon<span class=\"_ _2\"></span> House<span class=\"_ _2\"></span>, 2<span class=\"_ _2\"></span> Chu<span class=\"_ _2\"></span>rch S<span class=\"_ _2\"></span>treet<span class=\"_ _2\"></span>, Ham<span class=\"_ _2\"></span>ilto<span class=\"_ _2\"></span>n, HM<span class=\"_ _2\"></span> 11<span class=\"_ _2\"></span>,<span class=\"ls1 ws0\"> </span><span class=\"ws52\">Bermuda</span>,<span class=\"_ _2\"></span> wit<span class=\"_ _2\"></span>h the<span class=\"_ _2\"></span> r<span class=\"ls2f ws4e\">egistra<span class=\"_ _2\"></span>tion </span>n<span class=\"_ _1\"></span><span class=\"ls31 ws51\">umber EC 44330<span class=\"_ _2\"></span><span class=\"ls1 ws0\">.</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-565": {
   "value": "Stolt-Nielsen Limited (the Company or SNL) and its subsidiaries (collectively, the Group), through its divisions, Stolt Tankers (Tankers), Stolthaven Terminals (Terminals) and Stolt Tank Containers (STC), is engaged in the worldwide transportation, storage and distribution of bulk liquid chemicals, edible oils, acids, and other speciality liquids. The Group is also engaged in the seafood business, which is carried out through Stolt Sea Farm (SSF), which produces, processes and markets turbot and sole.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-10": {
   "value": "Stolt-Nielsen Limited",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-564": {
   "value": "Stolt-Nielsen Limited",
   "dimensions": {
    "concept": "ifrs-full:NameOfParentEntity",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-7": {
   "value": "limited liability holding company",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-8": {
   "value": "Bermuda",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-563": {
   "value": "Bermuda",
   "dimensions": {
    "concept": "ifrs-full:DomicileOfEntity",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-9": {
   "value": "Clarendon House, 2 Church Street, Hamilton, HM 11, Bermuda",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-568": {
   "value": "Basis <span class=\"_ _2\"></span>of prep<span class=\"_ _2\"></span>arati<span class=\"_ _2\"></span>on<span class=\"ls1 ws0\"> </span>The <span class=\"_ _1\"></span><span class=\"ls1 ws0\">C<span class=\"ls2f ws4e\">onsolidated </span>F<span class=\"_ _1\"></span><span class=\"ls30 ws52\">i<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al <span class=\"ls1 ws0\">S</span><span class=\"ws4f\">tatements<span class=\"_ _2\"></span> of the Gro<span class=\"_ _2\"></span>up hav<span class=\"_ _2\"></span>e been p<span class=\"_ _2\"></span>repare<span class=\"_ _2\"></span>d using<span class=\"_ _2\"></span> acco<span class=\"_ _2\"></span>unting<span class=\"_ _2\"></span> polici<span class=\"_ _2\"></span>es </span></span></span>consi<span class=\"_ _2\"></span>stent<span class=\"_ _2\"></span> wit<span class=\"_ _2\"></span>h Int<span class=\"_ _2\"></span>erna<span class=\"_ _2\"></span>tional<span class=\"_ _2\"></span> Fin<span class=\"_ _2\"></span>ancial<span class=\"_ _2\"></span> Rep<span class=\"_ _2\"></span>orting<span class=\"_ _2\"></span> St<span class=\"_ _2\"></span>andard<span class=\"_ _2\"></span>s <span class=\"ls4e ws7b\">(<span class=\"_ _2\"></span>IFR<span class=\"_ _2\"></span>S) </span>as <span class=\"_ _2\"></span>adopte<span class=\"_ _2\"></span>d by<span class=\"_ _2\"></span> the E<span class=\"_ _2\"></span>urop<span class=\"_ _2\"></span>ean Union<span class=\"_ _2\"></span> <span class=\"ls30 ws50\">and int<span class=\"_ _2\"></span>erpre<span class=\"_ _2\"></span>tati<span class=\"_ _2\"></span>ons is<span class=\"_ _2\"></span>sued<span class=\"_ _2\"></span> by t<span class=\"_ _2\"></span>he IFR<span class=\"_ _2\"></span>S I<span class=\"_ _2\"></span>nterp<span class=\"_ _2\"></span>reta<span class=\"_ _2\"></span>tions C<span class=\"_ _2\"></span>om<span class=\"_ _2\"></span>mittee<span class=\"_ _2\"></span><span class=\"ls1 ws0\">. <span class=\"_ _1\"></span><span class=\"ls30 ws52\">Acc<span class=\"_ _2\"></span>oun<span class=\"_ _2\"></span>ting <span class=\"ls2f ws70\">policies h<span class=\"_ _2\"></span>ave </span></span></span></span>been <span class=\"_ _2\"></span>applie<span class=\"_ _2\"></span>d on<span class=\"_ _2\"></span> a co<span class=\"_ _2\"></span>nsis<span class=\"_ _2\"></span>tent<span class=\"_ _2\"></span> basi<span class=\"_ _2\"></span>s with<span class=\"_ _2\"></span> the p<span class=\"_ _2\"></span>rio<span class=\"_ _2\"></span>r ye<span class=\"_ _2\"></span>ar, ex<span class=\"_ _2\"></span>cept w<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span>n new<span class=\"_ _2\"></span> acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng <span class=\"ls2f ws4e\">p<span class=\"_ _2\"></span>olicies<span class=\"ls1 ws0\"> </span></span><span class=\"ws52\">have </span>been adopted.<span class=\"ls1 ws0\"> </span>The <span class=\"_ _1\"></span><span class=\"ls30 ws50\">C<span class=\"_ _2\"></span>onsoli<span class=\"_ _2\"></span>dated<span class=\"_ _2\"></span> Fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al S<span class=\"_ _2\"></span>tatem<span class=\"_ _2\"></span>ents a<span class=\"_ _2\"></span>re p<span class=\"_ _2\"></span>rep<span class=\"_ _2\"></span>ared a<span class=\"_ _2\"></span>nd p<span class=\"_ _2\"></span>ublis<span class=\"_ _2\"></span>hed ac<span class=\"_ _2\"></span>cord<span class=\"_ _2\"></span>ing t<span class=\"_ _2\"></span>o the<span class=\"_ _2\"></span> pro<span class=\"_ _2\"></span>visio<span class=\"_ _2\"></span>ns <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>of Be<span class=\"_ _2\"></span>rmuda <span class=\"ls1 ws0\">c</span>om<span class=\"_ _2\"></span>pany l<span class=\"_ _2\"></span>aw.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The p<span class=\"_ _2\"></span>resent<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on cu<span class=\"_ _2\"></span>rrency<span class=\"_ _2\"></span> used<span class=\"_ _2\"></span> in <span class=\"_ _2\"></span>thes<span class=\"_ _2\"></span>e <span class=\"ls1 ws0\">C<span class=\"ls2f ws4e\">onsolidated </span>F<span class=\"_ _1\"></span><span class=\"ls30 ws52\">i<span class=\"_ _2\"></span>nancia<span class=\"_ _2\"></span>l <span class=\"ls1 ws0\">S</span><span class=\"ws50\">tatements<span class=\"_ _2\"></span> is <span class=\"_ _2\"></span>the U<span class=\"_ _2\"></span><span class=\"ls1 ws0\">S <span class=\"_ _1\"></span><span class=\"ls30 ws52\">doll<span class=\"_ _2\"></span>ar. <span class=\"ls1 ws0\"> </span></span></span></span></span></span>The f<span class=\"_ _2\"></span>unctio<span class=\"_ _2\"></span>nal c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>ncy of<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he C<span class=\"_ _2\"></span>ompany<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">is the <span class=\"ls4f ws7c\">US</span></span> <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">d<span class=\"_ _2\"></span>ollar<span class=\"ls50 ws7d\">.<span class=\"_ _195\"> </span></span></span></span>Basis of <span class=\"ls56 ws85\">mea<span class=\"_ _2\"></span>suremen<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\"> </span></span>The <span class=\"_ _1\"></span><span class=\"ls1 ws0\">C<span class=\"ls2f ws4e\">onsolidated </span>F<span class=\"_ _1\"></span><span class=\"ls30 ws52\">i<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al <span class=\"ls1 ws0\">S</span><span class=\"ws50\">tatements<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span>p<span class=\"ls30 ws50\">repare<span class=\"_ _2\"></span>d o<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> hist<span class=\"_ _2\"></span>oric<span class=\"_ _2\"></span>al c<span class=\"_ _2\"></span>ost ba<span class=\"_ _2\"></span>sis<span class=\"_ _2\"></span> excep<span class=\"_ _2\"></span>t fo<span class=\"_ _2\"></span>r </span></span></span></span></span>deriv<span class=\"_ _2\"></span>ative <span class=\"_ _2\"></span>fin<span class=\"_ _2\"></span>ancial<span class=\"_ _2\"></span> inst<span class=\"_ _2\"></span>rume<span class=\"_ _2\"></span>nts,<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nancial<span class=\"_ _2\"></span> ins<span class=\"_ _2\"></span>trum<span class=\"_ _2\"></span>ents m<span class=\"_ _2\"></span>eas<span class=\"_ _2\"></span>ured<span class=\"_ _2\"></span> at f<span class=\"_ _2\"></span>air v<span class=\"_ _2\"></span>alue <span class=\"_ _2\"></span>thro<span class=\"_ _2\"></span>ugh ot<span class=\"_ _2\"></span>her compre<span class=\"_ _2\"></span>hensi<span class=\"_ _2\"></span>ve i<span class=\"_ _2\"></span>ncome<span class=\"_ _2\"></span>, <span class=\"ls2f ws70\">defined<span class=\"_ _2\"></span> benefit pla<span class=\"_ _2\"></span>n assets <span class=\"_ _2\"></span>and biologica<span class=\"_ _2\"></span>l assets, <span class=\"ws4e\">a<span class=\"_ _2\"></span>ll<span class=\"ls1 ws0\"> <span class=\"ls4a ws76\">of</span> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">whi<span class=\"_ _2\"></span>ch a<span class=\"_ _2\"></span>re <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span>stated<span class=\"_ _2\"></span> at t<span class=\"_ _2\"></span>hei<span class=\"_ _2\"></span>r <span class=\"ls57 ws86\">fair<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">value.<span class=\"_ _2\"></span> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-596": {
   "value": "The <span class=\"_ _1\"></span><span class=\"ls1 ws0\">C<span class=\"ls2f ws4e\">onsolidated </span>F<span class=\"_ _1\"></span><span class=\"ls30 ws52\">i<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al <span class=\"ls1 ws0\">S</span><span class=\"ws4f\">tatements<span class=\"_ _2\"></span> of the Gro<span class=\"_ _2\"></span>up hav<span class=\"_ _2\"></span>e been p<span class=\"_ _2\"></span>repare<span class=\"_ _2\"></span>d using<span class=\"_ _2\"></span> acco<span class=\"_ _2\"></span>unting<span class=\"_ _2\"></span> polici<span class=\"_ _2\"></span>es </span></span></span>consi<span class=\"_ _2\"></span>stent<span class=\"_ _2\"></span> wit<span class=\"_ _2\"></span>h Int<span class=\"_ _2\"></span>erna<span class=\"_ _2\"></span>tional<span class=\"_ _2\"></span> Fin<span class=\"_ _2\"></span>ancial<span class=\"_ _2\"></span> Rep<span class=\"_ _2\"></span>orting<span class=\"_ _2\"></span> St<span class=\"_ _2\"></span>andard<span class=\"_ _2\"></span>s <span class=\"ls4e ws7b\">(<span class=\"_ _2\"></span>IFR<span class=\"_ _2\"></span>S) </span>as <span class=\"_ _2\"></span>adopte<span class=\"_ _2\"></span>d by<span class=\"_ _2\"></span> the E<span class=\"_ _2\"></span>urop<span class=\"_ _2\"></span>ean Union<span class=\"_ _2\"></span> <span class=\"ls30 ws50\">and int<span class=\"_ _2\"></span>erpre<span class=\"_ _2\"></span>tati<span class=\"_ _2\"></span>ons is<span class=\"_ _2\"></span>sued<span class=\"_ _2\"></span> by t<span class=\"_ _2\"></span>he IFR<span class=\"_ _2\"></span>S I<span class=\"_ _2\"></span>nterp<span class=\"_ _2\"></span>reta<span class=\"_ _2\"></span>tions C<span class=\"_ _2\"></span>om<span class=\"_ _2\"></span>mittee<span class=\"_ _2\"></span><span class=\"ls1 ws0\">. <span class=\"_ _1\"></span><span class=\"ls30 ws52\">Acc<span class=\"_ _2\"></span>oun<span class=\"_ _2\"></span>ting <span class=\"ls2f ws70\">policies h<span class=\"_ _2\"></span>ave </span></span></span></span>been <span class=\"_ _2\"></span>applie<span class=\"_ _2\"></span>d on<span class=\"_ _2\"></span> a co<span class=\"_ _2\"></span>nsis<span class=\"_ _2\"></span>tent<span class=\"_ _2\"></span> basi<span class=\"_ _2\"></span>s with<span class=\"_ _2\"></span> the p<span class=\"_ _2\"></span>rio<span class=\"_ _2\"></span>r ye<span class=\"_ _2\"></span>ar, ex<span class=\"_ _2\"></span>cept w<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span>n new<span class=\"_ _2\"></span> acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng <span class=\"ls2f ws4e\">p<span class=\"_ _2\"></span>olicies<span class=\"ls1 ws0\"> </span></span><span class=\"ws52\">have </span>been adopted.<span class=\"ls1 ws0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-597": {
   "value": "The p<span class=\"_ _2\"></span>resent<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on cu<span class=\"_ _2\"></span>rrency<span class=\"_ _2\"></span> used<span class=\"_ _2\"></span> in <span class=\"_ _2\"></span>thes<span class=\"_ _2\"></span>e <span class=\"ls1 ws0\">C<span class=\"ls2f ws4e\">onsolidated </span>F<span class=\"_ _1\"></span><span class=\"ls30 ws52\">i<span class=\"_ _2\"></span>nancia<span class=\"_ _2\"></span>l <span class=\"ls1 ws0\">S</span><span class=\"ws50\">tatements<span class=\"_ _2\"></span> is <span class=\"_ _2\"></span>the U<span class=\"_ _2\"></span><span class=\"ls1 ws0\">S <span class=\"_ _1\"></span><span class=\"ls30 ws52\">doll<span class=\"_ _2\"></span>ar. <span class=\"ls1 ws0\"> </span></span></span></span></span></span>The f<span class=\"_ _2\"></span>unctio<span class=\"_ _2\"></span>nal c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>ncy of<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he C<span class=\"_ _2\"></span>ompany<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">is the <span class=\"ls4f ws7c\">US</span></span> <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">d<span class=\"_ _2\"></span>ollar<span class=\"ls50 ws7d\">.<span class=\"_ _195\"> </span></span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-569": {
   "value": "Goin<span class=\"_ _2\"></span>g <span class=\"ls1 ws0\">c<span class=\"ls52 ws7f\">once<span class=\"_ _2\"></span>rn</span> </span>As pa<span class=\"_ _2\"></span>rt of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> goi<span class=\"_ _2\"></span>ng conc<span class=\"_ _2\"></span>ern<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">e</span><span class=\"ws52\">valuati<span class=\"_ _2\"></span>on, <span class=\"ls1 ws0\">m</span>anageme<span class=\"_ _2\"></span>nt <span class=\"ls2f ws70\">considered the f<span class=\"_ _2\"></span>ollowing </span></span>l<span class=\"_ _2\"></span>arge e<span class=\"_ _2\"></span>xpe<span class=\"_ _2\"></span>nditure<span class=\"_ _2\"></span>s that <span class=\"ls2f ws70\">are expected <span class=\"_ _2\"></span><span class=\"ws75\">to occur from December 1, 202<span class=\"ls1 ws0\">5 <span class=\"_ _1\"></span><span class=\"ls4a ws74\">t<span class=\"_ _2\"></span>o Ma<span class=\"ls1 ws0\">y <span class=\"_ _1\"></span><span class=\"ls31 ws51\">31,<span class=\"_ _2\"></span> 202<span class=\"ls1 ws0\">7:<span class=\"_ _1\"></span> </span></span></span></span></span></span></span>\u2022<span class=\"ff49\"> <span class=\"_ _b\"> </span><span class=\"ff46 fs39 fc2 ls30 ws50\">Repayment<span class=\"_ _2\"></span>s o<span class=\"_ _2\"></span>f long<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls53 ws32\">term de<span class=\"_ _2\"></span>bt o<span class=\"_ _2\"></span>f $<span class=\"ls31 ws53\">488.6</span></span> </span>million<span class=\"_ _2\"></span> thr<span class=\"_ _2\"></span>ough <span class=\"_ _2\"></span>the p<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>od<span class=\"ls1 ws0\">. </span></span></span>\u2022<span class=\"ff49\"> <span class=\"_ _b\"> </span><span class=\"ff46 fs39 fc2 ls2f ws70\">Repayment on the o<span class=\"_ _2\"></span>utstanding u<span class=\"_ _2\"></span>ncommitted c<span class=\"_ _2\"></span>redit line of $6<span class=\"_ _2\"></span>5.0 <span class=\"_ _2\"></span>million<span class=\"ls1 ws0\">.  </span></span></span>\u2022<span class=\"ff49\"> <span class=\"_ _b\"> </span><span class=\"ff46 fs39 fc2 ls53 ws32\">Investmen<span class=\"_ _2\"></span>t and<span class=\"_ _2\"></span> c<span class=\"ls30 ws50\">api<span class=\"_ _2\"></span>tal ex<span class=\"_ _2\"></span>pe<span class=\"_ _2\"></span>nditure<span class=\"_ _2\"></span> com<span class=\"_ _2\"></span>mitme<span class=\"_ _2\"></span>nts o<span class=\"_ _2\"></span>f <span class=\"_ _2\"></span>approxi<span class=\"_ _2\"></span>mat<span class=\"_ _2\"></span>ely $<span class=\"_ _2\"></span><span class=\"ls31 ws51\">413.2 million<span class=\"ls1 ws0\">. </span></span></span></span></span>\u2022<span class=\"ff49\"> <span class=\"_ _b\"> </span><span class=\"ff46 fs39 fc2 ls30 ws50\">Routine<span class=\"_ _2\"></span> work<span class=\"_ _2\"></span>ing c<span class=\"_ _2\"></span>apital<span class=\"_ _2\"></span> re<span class=\"_ _2\"></span>quire<span class=\"_ _2\"></span>ments.<span class=\"_ _195\"> </span></span></span>These future<span class=\"_ _2\"></span> expenditures a<span class=\"_ _2\"></span>re <span class=\"ls53 ws80\">cover</span><span class=\"ws4e\">ed<span class=\"_ _2\"></span> </span>by the following:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>\u2022<span class=\"ff49\"> <span class=\"_ _b\"> </span><span class=\"ff46 fs39 fc2 ls31 ws51\">At November 30, 2025, the Group had cash and cash equivalents of $144.6 million<span class=\"ls50 ws7d\">. <span class=\"ls1 ws0\"> </span></span></span></span>\u2022<span class=\"ff49\"> <span class=\"_ _b\"> </span><span class=\"ff46 fs39 fc2 ls30 ws50\">The Group<span class=\"_ _2\"></span> has<span class=\"_ _2\"></span> an <span class=\"_ _2\"></span>undraw<span class=\"_ _2\"></span>n c<span class=\"_ _2\"></span>omm<span class=\"_ _2\"></span>itted <span class=\"_ _2\"></span>revol<span class=\"_ _2\"></span>ving<span class=\"_ _2\"></span> credi<span class=\"_ _2\"></span>t f<span class=\"_ _2\"></span>acili<span class=\"_ _2\"></span>ty f<span class=\"_ _2\"></span>or $<span class=\"_ _2\"></span>142.0<span class=\"_ _2\"></span> mill<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> with <span class=\"_ _2\"></span>an </span></span>expi<span class=\"_ _2\"></span>ration<span class=\"_ _2\"></span> date<span class=\"_ _2\"></span> in 2<span class=\"_ _2\"></span>028,<span class=\"_ _2\"></span> ano<span class=\"_ _2\"></span>ther <span class=\"_ _2\"></span>undraw<span class=\"_ _2\"></span>n f<span class=\"_ _2\"></span>acili<span class=\"_ _2\"></span>ty for<span class=\"_ _2\"></span> $15<span class=\"_ _2\"></span>0.0 mi<span class=\"_ _2\"></span>lli<span class=\"_ _2\"></span>on wi<span class=\"_ _2\"></span>th a<span class=\"_ _2\"></span>n expi<span class=\"_ _2\"></span>ratio<span class=\"_ _2\"></span>n i<span class=\"_ _2\"></span>n 202<span class=\"_ _2\"></span>9 and<span class=\"_ _2\"></span> $40.0 million <span class=\"_ _2\"></span>undrawn facili<span class=\"_ _2\"></span>ty due in<span class=\"_ _2\"></span> December 202<span class=\"_ _2\"></span><span class=\"ls1 ws0\">7<span class=\"ls30 ws50\">. The $8<span class=\"_ _2\"></span>0.0<span class=\"_ _2\"></span> mi<span class=\"_ _2\"></span>llion o<span class=\"_ _2\"></span>utsta<span class=\"_ _2\"></span>ndi<span class=\"_ _2\"></span>ng unde<span class=\"_ _2\"></span>r t<span class=\"_ _2\"></span>he </span></span>Group\u2019s committ<span class=\"_ _2\"></span>ed revolving c<span class=\"_ _2\"></span>redit facili<span class=\"_ _2\"></span>ties is s<span class=\"_ _2\"></span>hown as long<span class=\"_ _2\"></span><span class=\"ff46 ls1 ws0\">-</span><span class=\"ff46\">term debt<span class=\"ls50 ws7d\">. <span class=\"ls1 ws0\"> </span></span></span>\u2022<span class=\"ff49\"> <span class=\"_ _b\"> </span><span class=\"ff46 fs39 fc2 ls30 ws50\">The Group<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> in <span class=\"_ _2\"></span>the p<span class=\"_ _2\"></span>rocess<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> com<span class=\"_ _2\"></span>pleting<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> doc<span class=\"_ _2\"></span>ument<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n on<span class=\"_ _2\"></span> a pre<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">delivery sale<span class=\"_ _2\"></span></span>-<span class=\"_ _1\"></span><span class=\"ls30 ws52\">le<span class=\"_ _2\"></span>asebac<span class=\"_ _2\"></span>k </span></span></span></span>facility <span class=\"ws70\">for approximately $39<span class=\"_ _2\"></span>3.0 <span class=\"_ _2\"></span>million <span class=\"ls30 ws50\">to<span class=\"_ _2\"></span> fin<span class=\"_ _2\"></span>ance t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>six <span class=\"_ _2\"></span>newbuil<span class=\"_ _2\"></span>ds be<span class=\"_ _2\"></span>ing b<span class=\"_ _2\"></span>uilt<span class=\"_ _2\"></span> by <span class=\"_ _2\"></span>the W<span class=\"_ _2\"></span>uhu </span></span>Shipyards with<span class=\"_ _2\"></span> expected deli<span class=\"_ _2\"></span>very between 2026<span class=\"_ _2\"></span> <span class=\"ls4b ws77\">and<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>2028 (Newbuild <span class=\"_ _2\"></span>facilities). T<span class=\"_ _2\"></span>he facility ha<span class=\"_ _2\"></span>s a loan<span class=\"ls1 ws0\">-<span class=\"ls53 ws80\">to</span>-<span class=\"ls30 ws50\">value o<span class=\"_ _2\"></span>f 95<span class=\"_ _2\"></span>% of <span class=\"_ _2\"></span>the t<span class=\"_ _2\"></span>otal <span class=\"_ _2\"></span>purch<span class=\"_ _2\"></span>ase p<span class=\"_ _2\"></span>rice<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>the s<span class=\"_ _2\"></span>hips<span class=\"_ _2\"></span> with <span class=\"_ _2\"></span>a 15<span class=\"_ _2\"></span></span>-<span class=\"ls2f ws70\">year tenor and fix<span class=\"_ _2\"></span>ed interest<span class=\"_ _2\"></span> </span></span>of 5.7%. The<span class=\"_ _2\"></span> facility will<span class=\"_ _2\"></span> be treate<span class=\"_ _2\"></span>d as col<span class=\"_ _2\"></span>lateralised debt<span class=\"_ _2\"></span> by the <span class=\"_ _2\"></span>Group<span class=\"ls1 ws0\">. </span>\u2022<span class=\"ff49\"> <span class=\"_ _b\"> </span><span class=\"ff46 fs39 fc2 ls2f ws70\">The ability of <span class=\"_ _2\"></span>the Group to<span class=\"_ _2\"></span> meet f<span class=\"_ _2\"></span>uture expenditure <span class=\"_ _2\"></span>requirements <span class=\"_ _2\"></span>is dependen<span class=\"_ _2\"></span>t on t<span class=\"_ _2\"></span>he timing and </span></span>quant<span class=\"_ _2\"></span>um of<span class=\"_ _2\"></span> cash<span class=\"_ _2\"></span> flo<span class=\"_ _2\"></span>ws fr<span class=\"_ _2\"></span>om op<span class=\"_ _2\"></span>era<span class=\"_ _2\"></span>tions.<span class=\"_ _2\"></span> <span class=\"ls2f ws70\">For examp<span class=\"_ _2\"></span>le, for t<span class=\"_ _2\"></span>he year ended<span class=\"_ _2\"></span> November 30<span class=\"_ _2\"></span>, 2025<span class=\"_ _2\"></span>, net </span>cash generated fr<span class=\"_ _2\"></span>om operati<span class=\"_ _2\"></span>ng activities<span class=\"_ _2\"></span> was $575.0 mill<span class=\"_ _2\"></span>ion. <span class=\"ls30 ws50\">T<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span> has<span class=\"_ _2\"></span> prep<span class=\"_ _2\"></span>ared<span class=\"_ _2\"></span> a de<span class=\"_ _2\"></span>tailed<span class=\"_ _2\"></span> </span>cash flow forec<span class=\"_ _2\"></span>ast for 2<span class=\"_ _2\"></span>02<span class=\"ls1 ws0\">6 <span class=\"_ _1\"></span><span class=\"ls31 ws81\">and 202<span class=\"ls1 ws0\">7,<span class=\"_ _3\"></span> <span class=\"ls30 ws50\">whic<span class=\"_ _2\"></span>h sho<span class=\"_ _2\"></span>ws c<span class=\"_ _2\"></span>ontin<span class=\"_ _2\"></span>ued ro<span class=\"_ _2\"></span>bust<span class=\"_ _2\"></span> cash<span class=\"_ _2\"></span> from<span class=\"_ _2\"></span> ope<span class=\"_ _2\"></span>ratio<span class=\"_ _2\"></span>ns</span> <span class=\"ls30 ws52\">and </span></span></span></span>compliance with<span class=\"_ _2\"></span> all debt co<span class=\"_ _2\"></span>venants<span class=\"ls1 ws0\">. <span class=\"_ _1\"></span><span class=\"ls2f ws70\">C<span class=\"_ _2\"></span>ash flow forec<span class=\"_ _2\"></span>asts are <span class=\"_ _2\"></span>revised and re<span class=\"_ _2\"></span>viewed by </span></span>m<span class=\"ls30 ws52\">anagement<span class=\"_ _2\"></span> <span class=\"ws50\">monthly <span class=\"_ _2\"></span>and re<span class=\"_ _2\"></span>vie<span class=\"_ _2\"></span>wed b<span class=\"_ _2\"></span>y the<span class=\"_ _2\"></span> Bo<span class=\"_ _2\"></span>ard of<span class=\"_ _2\"></span> Direc<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>rs qu<span class=\"_ _2\"></span>arterly<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span></span></span> \u2022<span class=\"ff49\"> <span class=\"_ _b\"> </span><span class=\"ff46 fs39 fc2 ls30 ws50\">The Group<span class=\"_ _2\"></span> has<span class=\"_ _2\"></span> acce<span class=\"_ _2\"></span>ss <span class=\"_ _2\"></span>to al<span class=\"_ _2\"></span>tern<span class=\"_ _2\"></span>ative<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>rms of<span class=\"_ _2\"></span> capi<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span> such<span class=\"_ _2\"></span> as s<span class=\"_ _2\"></span>ale o<span class=\"_ _2\"></span>f equ<span class=\"_ _2\"></span>ity<span class=\"_ _2\"></span> inst<span class=\"_ _2\"></span>rumen<span class=\"_ _2\"></span>ts o<span class=\"_ _2\"></span>r ot<span class=\"_ _2\"></span>her </span></span>assets<span class=\"ls30 ws50\">, <span class=\"_ _2\"></span>reis<span class=\"_ _2\"></span>suance<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>asury <span class=\"_ _2\"></span>shares<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>and the<span class=\"_ _2\"></span> abil<span class=\"_ _2\"></span>ity <span class=\"_ _2\"></span><span class=\"ls53 ws80\">to<span class=\"ls1 ws0\"> </span></span>reduce<span class=\"_ _2\"></span> divi<span class=\"_ _2\"></span>dends<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></span>\u2022<span class=\"ff49\"> <span class=\"_ _b\"> </span><span class=\"ff46 fs39 fc2 ls30 ws50\">The Group<span class=\"_ _2\"></span> has<span class=\"_ _2\"></span> perf<span class=\"_ _2\"></span>ormed<span class=\"_ _2\"></span> s<span class=\"_ _2\"></span>tress<span class=\"_ _2\"></span> testi<span class=\"_ _2\"></span>ng by<span class=\"_ _2\"></span> con<span class=\"_ _2\"></span>sider<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> vari<span class=\"_ _2\"></span>ous d<span class=\"_ _2\"></span>ownsid<span class=\"_ _2\"></span>e sce<span class=\"_ _2\"></span>nari<span class=\"_ _2\"></span>os<span class=\"ls1 ws0\"> </span><span class=\"ws52\">with<span class=\"_ _2\"></span>out </span></span></span>negati<span class=\"_ _2\"></span>ve re<span class=\"_ _2\"></span>sult<span class=\"_ _2\"></span>s, i<span class=\"_ _2\"></span>ncludi<span class=\"_ _2\"></span>ng n<span class=\"_ _2\"></span>ot br<span class=\"_ _2\"></span>eaking<span class=\"_ _2\"></span> deb<span class=\"_ _2\"></span>t co<span class=\"_ _2\"></span>venan<span class=\"_ _2\"></span>ts<span class=\"ls1 ws0\">. </span>The dow<span class=\"_ _2\"></span>nside<span class=\"_ _2\"></span> scena<span class=\"_ _2\"></span>rios<span class=\"_ _2\"></span> consid<span class=\"_ _2\"></span>ered<span class=\"_ _2\"></span> involv<span class=\"_ _2\"></span>e a d<span class=\"_ _2\"></span>ecre<span class=\"_ _2\"></span>ase i<span class=\"_ _2\"></span>n <span class=\"ff4a ws52\">Tank<span class=\"_ _2\"></span>ers<span class=\"_ _2\"></span>\u2019 </span><span class=\"ls2f ws4e\">sailed<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">in <span class=\"_ _2\"></span>rates<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> <span class=\"ls47 ws82\">an avera<span class=\"_ _1\"></span>ge of <span class=\"ls1 ws0\">9<span class=\"ls30 ws50\">% in <span class=\"_ _2\"></span><span class=\"ls2f ws70\">the second<span class=\"_ _2\"></span> half of <span class=\"ls31 ws53\">202</span></span></span>6 <span class=\"ls30 ws52\">and </span></span></span></span></span></span>1<span class=\"ls31 ws51\">2%<span class=\"_ _1\"></span> in 202<span class=\"ls1 ws0\">7<span class=\"ls30 ws50\">, bef<span class=\"_ _2\"></span>ore<span class=\"_ _2\"></span> recov<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>oward<span class=\"_ _2\"></span>s bas<span class=\"_ _2\"></span>e case<span class=\"_ _2\"></span> ex<span class=\"_ _2\"></span>pect<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span>s in 2<span class=\"_ _2\"></span>02</span>8 a<span class=\"_ _1\"></span><span class=\"ls30 ws50\">nd a<span class=\"_ _2\"></span> red<span class=\"_ _2\"></span>uctio<span class=\"_ _2\"></span>n in <span class=\"_ _2\"></span>STC<span class=\"_ _2\"></span> </span></span></span>rates by 11% in 2026<span class=\"ls1 ws0\">. </span>\u2022<span class=\"ff49\"> <span class=\"_ _b\"> </span><span class=\"ff46 fs39 fc2 ls2f ws70\">The Group has asses<span class=\"_ _2\"></span>sed the si<span class=\"_ _2\"></span>tuation in t<span class=\"_ _2\"></span>he Middle Eas<span class=\"_ _2\"></span>t but does<span class=\"_ _2\"></span> not believe<span class=\"_ _2\"></span> that it wi<span class=\"_ _2\"></span>ll impact<span class=\"_ _2\"></span> </span></span>the go<span class=\"_ _2\"></span>ing c<span class=\"_ _2\"></span>once<span class=\"_ _2\"></span>rn co<span class=\"_ _2\"></span>nclus<span class=\"_ _2\"></span>ion.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>In the<span class=\"_ _2\"></span> opi<span class=\"_ _2\"></span>nion<span class=\"_ _2\"></span> of <span class=\"ws52\">M<span class=\"_ _2\"></span>anagem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws4f\">the Gr<span class=\"_ _2\"></span>oup <span class=\"ws50\">has<span class=\"_ _2\"></span> adeq<span class=\"_ _2\"></span>uate <span class=\"_ _2\"></span>resou<span class=\"_ _2\"></span>rce<span class=\"_ _2\"></span>s to c<span class=\"_ _2\"></span>onti<span class=\"_ _2\"></span>nue <span class=\"_ _2\"></span><span class=\"ls53 ws80\">to<span class=\"ls1 ws0\"> </span></span><span class=\"ws52\">opera<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\">e <span class=\"_ _1\"></span><span class=\"ls30 ws50\">as a<span class=\"_ _2\"></span> goi<span class=\"_ _2\"></span>ng </span></span></span></span></span></span></span>concern <span class=\"_ _1\"></span><span class=\"ls2f ws70\">fo<span class=\"_ _2\"></span>r the foresee<span class=\"_ _2\"></span>able futur<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">a<span class=\"_ _2\"></span>nd<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">to comply with a<span class=\"_ _2\"></span>ll debt cov<span class=\"_ _2\"></span>enants</span></span><span class=\"ws4f\">. If f<span class=\"_ _2\"></span>or any re<span class=\"_ _2\"></span>ason the<span class=\"_ _2\"></span> </span></span></span></span>Group<span class=\"_ _2\"></span> is u<span class=\"_ _2\"></span>nable<span class=\"_ _2\"></span> to c<span class=\"_ _2\"></span>onti<span class=\"_ _2\"></span>nue <span class=\"_ _2\"></span>as a<span class=\"_ _2\"></span> going<span class=\"_ _2\"></span> conc<span class=\"_ _2\"></span>ern<span class=\"_ _2\"></span>, then<span class=\"_ _2\"></span> this<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>uld h<span class=\"_ _2\"></span>ave a<span class=\"_ _2\"></span>n imp<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span> on t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup\u2019s<span class=\"_ _2\"></span> ability to <span class=\"_ _2\"></span>realise assets <span class=\"_ _2\"></span>at their r<span class=\"_ _2\"></span>ecognised v<span class=\"_ _2\"></span>alues, in p<span class=\"_ _2\"></span>articular g<span class=\"_ _2\"></span>oodwill and o<span class=\"_ _2\"></span>ther inta<span class=\"_ _2\"></span>ngible asset<span class=\"_ _2\"></span>s, and to extingu<span class=\"_ _2\"></span>ish liabili<span class=\"_ _2\"></span>ties in<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">the norm<span class=\"_ _2\"></span>al c<span class=\"_ _2\"></span>ourse<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> busine<span class=\"_ _2\"></span>ss<span class=\"_ _2\"></span> at <span class=\"_ _2\"></span>the amo<span class=\"_ _2\"></span>unts<span class=\"_ _2\"></span> state<span class=\"_ _2\"></span>d <span class=\"_ _2\"></span></span> </span>in the <span class=\"ls1 ws0\">C<span class=\"ls2f ws4e\">onsolidated </span>F<span class=\"_ _1\"></span><span class=\"ls30 ws52\">i<span class=\"_ _2\"></span>nancial<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">S<span class=\"_ _1\"></span><span class=\"ls55 ws73\">ta<span class=\"ls2f ws4e\">tements.<span class=\"ls1 ws0\"> </span></span></span></span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-570": {
   "value": "Basis of cons<span class=\"_ _2\"></span>olida<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Subsi<span class=\"_ _2\"></span>diar<span class=\"_ _2\"></span>ies<span class=\"ls1 ws0\"> </span>Subsidiaries <span class=\"_ _2\"></span>are entities c<span class=\"_ _2\"></span>ontrolled by <span class=\"_ _2\"></span>the Group. <span class=\"_ _2\"></span>Control exist<span class=\"_ _2\"></span>s where a<span class=\"_ _2\"></span> parent entity<span class=\"_ _2\"></span> is <span class=\"_ _2\"></span><span class=\"ws4e\">either </span>exposed<span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">to<span class=\"ls30 ws50\">, or<span class=\"_ _2\"></span> has<span class=\"_ _2\"></span> rights<span class=\"_ _2\"></span> to,<span class=\"_ _2\"></span> va<span class=\"_ _2\"></span>riabl<span class=\"_ _2\"></span>e retu<span class=\"_ _2\"></span>rns f<span class=\"_ _2\"></span>rom<span class=\"_ _2\"></span> its i<span class=\"_ _2\"></span>nvol<span class=\"_ _2\"></span>veme<span class=\"_ _2\"></span>nt <span class=\"_ _2\"></span>with th<span class=\"_ _2\"></span>e sub<span class=\"_ _2\"></span>sidi<span class=\"_ _2\"></span>ary <span class=\"_ _2\"></span>and h<span class=\"_ _2\"></span>as <span class=\"_ _2\"></span></span></span> </span>the ab<span class=\"_ _2\"></span>ility<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> affec<span class=\"_ _2\"></span>t t<span class=\"_ _2\"></span>hose r<span class=\"_ _2\"></span>etur<span class=\"_ _2\"></span>ns thr<span class=\"_ _2\"></span>ough <span class=\"_ _2\"></span>its<span class=\"_ _2\"></span> powe<span class=\"_ _2\"></span>r ove<span class=\"_ _2\"></span>r the<span class=\"_ _2\"></span> sub<span class=\"_ _2\"></span>sidi<span class=\"_ _2\"></span>ary.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls47 ws82\">A parent enti<span class=\"_ _1\"></span>ty has power </span></span>over the sub<span class=\"_ _2\"></span>sidiary when i<span class=\"_ _2\"></span>t has e<span class=\"_ _2\"></span>xisting rights <span class=\"_ _2\"></span>to direct <span class=\"_ _2\"></span>the releva<span class=\"_ _2\"></span>nt activities of<span class=\"_ _2\"></span> the subsid<span class=\"_ _2\"></span>iary. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The relevant ac<span class=\"_ _2\"></span>tivities are <span class=\"_ _2\"></span>those <span class=\"ls30 ws52\">t<span class=\"_ _2\"></span>hat </span><span class=\"ff4f\">significantly affec<span class=\"_ _2\"></span>t the s<span class=\"_ _2\"></span>ubsidiary\u2019s re<span class=\"_ _2\"></span>turns. The abi<span class=\"_ _2\"></span>lity <span class=\"_ _2\"></span></span><span class=\"ls1 ws0\"> </span>to appr<span class=\"_ _2\"></span>ove the o<span class=\"_ _2\"></span>perati<span class=\"_ _2\"></span>ng and<span class=\"_ _2\"></span> capital<span class=\"_ _2\"></span> budge<span class=\"_ _2\"></span>t of a subs<span class=\"_ _2\"></span>idia<span class=\"_ _2\"></span>ry<span class=\"ls1 ws0\">, </span><span class=\"ws50\">and the <span class=\"_ _2\"></span>abili<span class=\"_ _2\"></span>ty t<span class=\"_ _2\"></span>o app<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> key </span>managem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> pers<span class=\"_ _2\"></span>onnel<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls2f ws70\">are deci<span class=\"_ _2\"></span>s<span class=\"ls30 ws4f\">ions<span class=\"_ _2\"></span> that dem<span class=\"_ _2\"></span>onst<span class=\"_ _2\"></span>rate th<span class=\"_ _2\"></span>at the Gr<span class=\"_ _2\"></span>oup has<span class=\"_ _2\"></span> existi<span class=\"_ _2\"></span>ng rig<span class=\"_ _2\"></span>hts<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">t<span class=\"_ _2\"></span>o dire<span class=\"_ _2\"></span>ct </span></span></span></span></span>the rel<span class=\"_ _2\"></span>eva<span class=\"_ _2\"></span>nt ac<span class=\"_ _2\"></span>tivi<span class=\"_ _2\"></span>ties o<span class=\"_ _2\"></span>f a <span class=\"_ _2\"></span>subsid<span class=\"_ _2\"></span>iary.<span class=\"_ _2\"></span> In <span class=\"_ _2\"></span>asse<span class=\"_ _2\"></span>ssing<span class=\"_ _2\"></span> con<span class=\"_ _2\"></span>trol,<span class=\"_ _2\"></span> pote<span class=\"_ _2\"></span>nti<span class=\"_ _2\"></span>al vot<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> rights<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>at a<span class=\"_ _2\"></span>re cur<span class=\"_ _2\"></span>rentl<span class=\"_ _2\"></span>y exerci<span class=\"_ _2\"></span>sabl<span class=\"_ _2\"></span>e or<span class=\"_ _2\"></span> conve<span class=\"_ _2\"></span>rtibl<span class=\"_ _2\"></span>e a<span class=\"_ _2\"></span>re t<span class=\"_ _2\"></span>aken i<span class=\"_ _2\"></span>nto <span class=\"_ _2\"></span>acco<span class=\"_ _2\"></span>unt. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The <span class=\"ls1 ws0\">F<span class=\"_ _3\"></span><span class=\"ls30 ws52\">i<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>ial <span class=\"ls1 ws0\">S<span class=\"ls2f ws70\">tatements of sub<span class=\"_ _2\"></span>sidiaries are<span class=\"_ _2\"></span> included in<span class=\"_ _2\"></span> the </span>C<span class=\"ls2f ws4e\">onsolidated </span>F</span>inancial<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">S<span class=\"_ _1\"></span><span class=\"ls53 ws80\">tatem<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span> </span></span></span></span>from <span class=\"_ _2\"></span>the d<span class=\"_ _2\"></span>ate t<span class=\"_ _2\"></span>hat c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>rol <span class=\"ws52\">be<span class=\"_ _2\"></span>gins<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>until t<span class=\"_ _2\"></span>he dat<span class=\"_ _2\"></span>e th<span class=\"_ _2\"></span>at c<span class=\"_ _2\"></span>ontro<span class=\"_ _2\"></span>l ceas<span class=\"_ _2\"></span>es. <span class=\"_ _2\"></span>Where<span class=\"_ _2\"></span> neces<span class=\"_ _2\"></span>sary<span class=\"_ _2\"></span>, ad<span class=\"_ _2\"></span>justm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s are m<span class=\"_ _2\"></span>ade to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">F</span><span class=\"ws52\">inanci<span class=\"_ _2\"></span>al <span class=\"ls1 ws0\">S<span class=\"_ _1\"></span><span class=\"ls30 ws50\">tate<span class=\"_ _2\"></span>ments<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> subsi<span class=\"_ _2\"></span>diarie<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>to <span class=\"ws52\">b<span class=\"_ _2\"></span>ring<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">the accou<span class=\"_ _2\"></span>nting policies u<span class=\"_ _2\"></span>sed in line<span class=\"_ _2\"></span> </span></span></span></span></span></span>with t<span class=\"_ _1\"></span>hose used<span class=\"_ _1\"></span> by the Group. A<span class=\"_ _1\"></span>ll<span class=\"_ _2\"></span> intra<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">group<span class=\"_ _2\"></span> tr<span class=\"_ _2\"></span>ansac<span class=\"_ _2\"></span>tions<span class=\"_ _2\"></span>, bal<span class=\"_ _2\"></span>anc<span class=\"_ _2\"></span>es, inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> <span class=\"ls2f ws4e\">expenses<span class=\"ls1 ws0\"> </span></span><span class=\"ws52\">are </span></span></span>eliminated in fu<span class=\"_ _2\"></span>ll on co<span class=\"_ _2\"></span>nsolidation<span class=\"ls1 ws0\">.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-667": {
   "value": "Subsi<span class=\"_ _2\"></span>diar<span class=\"_ _2\"></span>ies<span class=\"ls1 ws0\"> </span>Subsidiaries <span class=\"_ _2\"></span>are entities c<span class=\"_ _2\"></span>ontrolled by <span class=\"_ _2\"></span>the Group. <span class=\"_ _2\"></span>Control exist<span class=\"_ _2\"></span>s where a<span class=\"_ _2\"></span> parent entity<span class=\"_ _2\"></span> is <span class=\"_ _2\"></span><span class=\"ws4e\">either </span>exposed<span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">to<span class=\"ls30 ws50\">, or<span class=\"_ _2\"></span> has<span class=\"_ _2\"></span> rights<span class=\"_ _2\"></span> to,<span class=\"_ _2\"></span> va<span class=\"_ _2\"></span>riabl<span class=\"_ _2\"></span>e retu<span class=\"_ _2\"></span>rns f<span class=\"_ _2\"></span>rom<span class=\"_ _2\"></span> its i<span class=\"_ _2\"></span>nvol<span class=\"_ _2\"></span>veme<span class=\"_ _2\"></span>nt <span class=\"_ _2\"></span>with th<span class=\"_ _2\"></span>e sub<span class=\"_ _2\"></span>sidi<span class=\"_ _2\"></span>ary <span class=\"_ _2\"></span>and h<span class=\"_ _2\"></span>as <span class=\"_ _2\"></span></span></span> </span>the ab<span class=\"_ _2\"></span>ility<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> affec<span class=\"_ _2\"></span>t t<span class=\"_ _2\"></span>hose r<span class=\"_ _2\"></span>etur<span class=\"_ _2\"></span>ns thr<span class=\"_ _2\"></span>ough <span class=\"_ _2\"></span>its<span class=\"_ _2\"></span> powe<span class=\"_ _2\"></span>r ove<span class=\"_ _2\"></span>r the<span class=\"_ _2\"></span> sub<span class=\"_ _2\"></span>sidi<span class=\"_ _2\"></span>ary.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls47 ws82\">A parent enti<span class=\"_ _1\"></span>ty has power </span></span>over the sub<span class=\"_ _2\"></span>sidiary when i<span class=\"_ _2\"></span>t has e<span class=\"_ _2\"></span>xisting rights <span class=\"_ _2\"></span>to direct <span class=\"_ _2\"></span>the releva<span class=\"_ _2\"></span>nt activities of<span class=\"_ _2\"></span> the subsid<span class=\"_ _2\"></span>iary. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The relevant ac<span class=\"_ _2\"></span>tivities are <span class=\"_ _2\"></span>those <span class=\"ls30 ws52\">t<span class=\"_ _2\"></span>hat </span><span class=\"ff4f\">significantly affec<span class=\"_ _2\"></span>t the s<span class=\"_ _2\"></span>ubsidiary\u2019s re<span class=\"_ _2\"></span>turns. The abi<span class=\"_ _2\"></span>lity <span class=\"_ _2\"></span></span><span class=\"ls1 ws0\"> </span>to appr<span class=\"_ _2\"></span>ove the o<span class=\"_ _2\"></span>perati<span class=\"_ _2\"></span>ng and<span class=\"_ _2\"></span> capital<span class=\"_ _2\"></span> budge<span class=\"_ _2\"></span>t of a subs<span class=\"_ _2\"></span>idia<span class=\"_ _2\"></span>ry<span class=\"ls1 ws0\">, </span><span class=\"ws50\">and the <span class=\"_ _2\"></span>abili<span class=\"_ _2\"></span>ty t<span class=\"_ _2\"></span>o app<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> key </span>managem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> pers<span class=\"_ _2\"></span>onnel<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls2f ws70\">are deci<span class=\"_ _2\"></span>s<span class=\"ls30 ws4f\">ions<span class=\"_ _2\"></span> that dem<span class=\"_ _2\"></span>onst<span class=\"_ _2\"></span>rate th<span class=\"_ _2\"></span>at the Gr<span class=\"_ _2\"></span>oup has<span class=\"_ _2\"></span> existi<span class=\"_ _2\"></span>ng rig<span class=\"_ _2\"></span>hts<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">t<span class=\"_ _2\"></span>o dire<span class=\"_ _2\"></span>ct </span></span></span></span></span>the rel<span class=\"_ _2\"></span>eva<span class=\"_ _2\"></span>nt ac<span class=\"_ _2\"></span>tivi<span class=\"_ _2\"></span>ties o<span class=\"_ _2\"></span>f a <span class=\"_ _2\"></span>subsid<span class=\"_ _2\"></span>iary.<span class=\"_ _2\"></span> In <span class=\"_ _2\"></span>asse<span class=\"_ _2\"></span>ssing<span class=\"_ _2\"></span> con<span class=\"_ _2\"></span>trol,<span class=\"_ _2\"></span> pote<span class=\"_ _2\"></span>nti<span class=\"_ _2\"></span>al vot<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> rights<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>at a<span class=\"_ _2\"></span>re cur<span class=\"_ _2\"></span>rentl<span class=\"_ _2\"></span>y exerci<span class=\"_ _2\"></span>sabl<span class=\"_ _2\"></span>e or<span class=\"_ _2\"></span> conve<span class=\"_ _2\"></span>rtibl<span class=\"_ _2\"></span>e a<span class=\"_ _2\"></span>re t<span class=\"_ _2\"></span>aken i<span class=\"_ _2\"></span>nto <span class=\"_ _2\"></span>acco<span class=\"_ _2\"></span>unt. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The <span class=\"ls1 ws0\">F<span class=\"_ _3\"></span><span class=\"ls30 ws52\">i<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>ial <span class=\"ls1 ws0\">S<span class=\"ls2f ws70\">tatements of sub<span class=\"_ _2\"></span>sidiaries are<span class=\"_ _2\"></span> included in<span class=\"_ _2\"></span> the </span>C<span class=\"ls2f ws4e\">onsolidated </span>F</span>inancial<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">S<span class=\"_ _1\"></span><span class=\"ls53 ws80\">tatem<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span> </span></span></span></span>from <span class=\"_ _2\"></span>the d<span class=\"_ _2\"></span>ate t<span class=\"_ _2\"></span>hat c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>rol <span class=\"ws52\">be<span class=\"_ _2\"></span>gins<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>until t<span class=\"_ _2\"></span>he dat<span class=\"_ _2\"></span>e th<span class=\"_ _2\"></span>at c<span class=\"_ _2\"></span>ontro<span class=\"_ _2\"></span>l ceas<span class=\"_ _2\"></span>es. <span class=\"_ _2\"></span>Where<span class=\"_ _2\"></span> neces<span class=\"_ _2\"></span>sary<span class=\"_ _2\"></span>, ad<span class=\"_ _2\"></span>justm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s are m<span class=\"_ _2\"></span>ade to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">F</span><span class=\"ws52\">inanci<span class=\"_ _2\"></span>al <span class=\"ls1 ws0\">S<span class=\"_ _1\"></span><span class=\"ls30 ws50\">tate<span class=\"_ _2\"></span>ments<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> subsi<span class=\"_ _2\"></span>diarie<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>to <span class=\"ws52\">b<span class=\"_ _2\"></span>ring<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">the accou<span class=\"_ _2\"></span>nting policies u<span class=\"_ _2\"></span>sed in line<span class=\"_ _2\"></span> </span></span></span></span></span></span>with t<span class=\"_ _1\"></span>hose used<span class=\"_ _1\"></span> by the Group. A<span class=\"_ _1\"></span>ll<span class=\"_ _2\"></span> intra<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">group<span class=\"_ _2\"></span> tr<span class=\"_ _2\"></span>ansac<span class=\"_ _2\"></span>tions<span class=\"_ _2\"></span>, bal<span class=\"_ _2\"></span>anc<span class=\"_ _2\"></span>es, inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> <span class=\"ls2f ws4e\">expenses<span class=\"ls1 ws0\"> </span></span><span class=\"ws52\">are </span></span></span>eliminated in fu<span class=\"_ _2\"></span>ll on co<span class=\"_ _2\"></span>nsolidation<span class=\"ls1 ws0\">.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-571": {
   "value": "Foreign currency<span class=\"ls1 ws0\"> </span>(i) Fo<span class=\"_ _2\"></span>reig<span class=\"_ _2\"></span>n curre<span class=\"_ _2\"></span>nc<span class=\"_ _2\"></span>y tran<span class=\"_ _2\"></span>sac<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Sep<span class=\"_ _1\"></span>arate<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span>F<span class=\"ls30 ws52\">inanc<span class=\"_ _2\"></span>ial </span>S<span class=\"ls30 ws52\">tatements<span class=\"_ _2\"></span> <span class=\"ls2f ws4e\">of <span class=\"_ _1\"></span><span class=\"ws70\">the <span class=\"_ _2\"></span>subsidiaries and<span class=\"_ _2\"></span> equity met<span class=\"_ _2\"></span>hod investees <span class=\"_ _2\"></span><span class=\"ls4a ws76\">of <span class=\"ls30 ws52\">the <span class=\"ws50\">Group<span class=\"_ _2\"></span> are </span></span></span></span></span></span></span>presented in t<span class=\"_ _2\"></span>he function<span class=\"_ _2\"></span>al <span class=\"ls30 ws52\">cur<span class=\"_ _2\"></span>rency<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">o<span class=\"_ _2\"></span>f the<span class=\"_ _2\"></span> prim<span class=\"_ _2\"></span>ary<span class=\"_ _2\"></span> eco<span class=\"_ _2\"></span>nomic<span class=\"_ _2\"></span> env<span class=\"_ _2\"></span>ironm<span class=\"_ _2\"></span>ent i<span class=\"_ _2\"></span>n w<span class=\"_ _2\"></span>hich <span class=\"ws52\">t<span class=\"_ _2\"></span>hey oper<span class=\"_ _2\"></span>ate.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span>Trans<span class=\"_ _2\"></span>actio<span class=\"_ _2\"></span>ns i<span class=\"_ _2\"></span>n forei<span class=\"_ _2\"></span>gn c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>ncie<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> tra<span class=\"_ _2\"></span>nslate<span class=\"_ _2\"></span>d a<span class=\"_ _2\"></span>t the<span class=\"_ _2\"></span> forei<span class=\"_ _2\"></span>gn ex<span class=\"_ _2\"></span>cha<span class=\"_ _2\"></span>nge <span class=\"_ _2\"></span>rate p<span class=\"_ _2\"></span>revai<span class=\"_ _2\"></span>ling<span class=\"_ _2\"></span> at <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>the da<span class=\"_ _2\"></span>te o<span class=\"_ _2\"></span>f the<span class=\"_ _2\"></span> tra<span class=\"_ _2\"></span>nsacti<span class=\"_ _2\"></span>on. M<span class=\"_ _2\"></span>one<span class=\"_ _2\"></span>tary <span class=\"_ _2\"></span>asset<span class=\"_ _2\"></span>s <span class=\"ws52\">a<span class=\"_ _2\"></span>nd<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">liabilities denom<span class=\"_ _2\"></span>inated in foreig<span class=\"_ _2\"></span>n currencies <span class=\"_ _2\"></span></span> </span></span>at th<span class=\"_ _2\"></span>e bal<span class=\"_ _2\"></span>ance <span class=\"_ _2\"></span>shee<span class=\"_ _2\"></span>t date<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> tra<span class=\"_ _2\"></span>nslate<span class=\"_ _2\"></span>d a<span class=\"_ _2\"></span>t the<span class=\"_ _2\"></span> forei<span class=\"_ _2\"></span>gn ex<span class=\"_ _2\"></span>change<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>rate<span class=\"_ _2\"></span> prevai<span class=\"_ _2\"></span>ling<span class=\"_ _2\"></span> at t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> date<span class=\"_ _2\"></span>. <span class=\"ls1 ws0\"> </span>Non<span class=\"ls1 ws0\">-<span class=\"ls30 ws4f\">monet<span class=\"_ _2\"></span>ary asse<span class=\"_ _2\"></span>ts<span class=\"_ _2\"></span></span> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">a<span class=\"_ _2\"></span>nd liab<span class=\"_ _2\"></span>ili<span class=\"_ _2\"></span>ties t<span class=\"_ _2\"></span>hat <span class=\"_ _2\"></span>are m<span class=\"_ _2\"></span>easu<span class=\"_ _2\"></span>red i<span class=\"_ _2\"></span>n te<span class=\"_ _2\"></span>rms of<span class=\"_ _2\"></span> hi<span class=\"_ _2\"></span>storic<span class=\"_ _2\"></span>al c<span class=\"_ _2\"></span>ost i<span class=\"_ _2\"></span>n a f<span class=\"_ _2\"></span>oreig<span class=\"_ _2\"></span>n </span></span>currenc<span class=\"_ _2\"></span>y a<span class=\"_ _2\"></span>re no<span class=\"_ _2\"></span>t ret<span class=\"_ _2\"></span>rans<span class=\"_ _2\"></span>late<span class=\"_ _2\"></span>d<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls2f ws70\">while non<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2f ws70\">mo<span class=\"_ _2\"></span>netary assets <span class=\"_ _2\"></span>and liabi<span class=\"_ _2\"></span>lities<span class=\"ls1 ws0\"> </span>denominated in foreig<span class=\"_ _2\"></span>n </span></span></span></span>currenc<span class=\"_ _2\"></span>ies <span class=\"_ _2\"></span>that<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> state<span class=\"_ _2\"></span>d a<span class=\"_ _2\"></span>t fai<span class=\"_ _2\"></span>r val<span class=\"_ _2\"></span>ue are<span class=\"_ _2\"></span> tra<span class=\"_ _2\"></span>nslat<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>at fo<span class=\"_ _2\"></span>reign<span class=\"_ _2\"></span> ex<span class=\"_ _2\"></span>change<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span>s pre<span class=\"_ _2\"></span>vaili<span class=\"_ _2\"></span>ng at<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> dates<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> fair<span class=\"ls1 ws0\"> </span><span class=\"ws52\">value<span class=\"_ _2\"></span><span class=\"ls1 ws0\">s <span class=\"_ _1\"></span><span class=\"ls30 ws52\">we<span class=\"_ _2\"></span>re <span class=\"ls54 ws83\">de<span class=\"ls2f ws4e\">termined.<span class=\"_ _195\"> </span></span></span></span></span></span>Foreign exchange<span class=\"_ _2\"></span> differences <span class=\"_ _2\"></span>arising on<span class=\"_ _2\"></span> translation a<span class=\"_ _2\"></span>re recognise<span class=\"_ _2\"></span>d in the <span class=\"_ _2\"></span>income sta<span class=\"_ _2\"></span>tement, exce<span class=\"_ _2\"></span>pt for t<span class=\"_ _2\"></span>hose d<span class=\"_ _2\"></span>iffe<span class=\"_ _2\"></span>renc<span class=\"_ _2\"></span>es a<span class=\"_ _2\"></span>rising<span class=\"_ _2\"></span> fro<span class=\"_ _2\"></span>m hedgi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span><span class=\"ls4b ws77\">and<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">mone<span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span>ry bal<span class=\"_ _2\"></span>anc<span class=\"_ _2\"></span>es wit<span class=\"_ _2\"></span>h fo<span class=\"_ _2\"></span>reign<span class=\"_ _2\"></span> ope<span class=\"_ _2\"></span>ratio<span class=\"_ _2\"></span>ns whe<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span> </span></span></span>settlement is n<span class=\"_ _2\"></span>ot planned <span class=\"_ _2\"></span>and unlikely<span class=\"_ _2\"></span> to occur<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _3\"></span><span class=\"ls30 ws50\">w<span class=\"_ _2\"></span>hich<span class=\"_ _2\"></span> are <span class=\"_ _2\"></span>reco<span class=\"_ _2\"></span>rde<span class=\"_ _2\"></span>d<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">in <span class=\"_ _1\"></span><span class=\"ls1 ws0\">o<span class=\"ls30 ws50\">ther c<span class=\"_ _2\"></span>ompreh<span class=\"_ _2\"></span>ensi<span class=\"_ _2\"></span>ve inc<span class=\"_ _2\"></span>ome.<span class=\"_ _2\"></span> </span></span></span></span></span></span>Differences <span class=\"_ _2\"></span>related to hedg<span class=\"_ _2\"></span>ing of operat<span class=\"_ _2\"></span>ing expenses <span class=\"_ _2\"></span>are reco<span class=\"_ _2\"></span>rded in ope<span class=\"_ _2\"></span>rating expenses.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>(ii)<span class=\"_ _1\"></span> Foreign opera<span class=\"_ _1\"></span>tions<span class=\"ls1 ws0\"> </span>For t<span class=\"_ _2\"></span>he pu<span class=\"_ _2\"></span>rpose<span class=\"_ _2\"></span> of p<span class=\"_ _2\"></span>resen<span class=\"_ _2\"></span>ting<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">C<span class=\"ls2f ws4e\">onsolidated </span>F<span class=\"_ _1\"></span><span class=\"ls30 ws52\">ina<span class=\"_ _2\"></span>ncial<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">S<span class=\"_ _1\"></span><span class=\"ls2f ws70\">tatement<span class=\"_ _2\"></span>s, the assets<span class=\"_ _2\"></span> and liabili<span class=\"_ _2\"></span>ties of <span class=\"_ _2\"></span>the </span></span></span></span>Group\u2019s foreign<span class=\"_ _2\"></span> operations, i<span class=\"_ _2\"></span>ncluding go<span class=\"_ _2\"></span>odwill <span class=\"ff4e ls30 ws52\">a<span class=\"_ _2\"></span>nd<span class=\"ls1 ws0\"> </span><span class=\"ws4f\">fair val<span class=\"_ _2\"></span>ue adju<span class=\"_ _2\"></span>stmen<span class=\"_ _2\"></span>ts ari<span class=\"_ _2\"></span>sing on<span class=\"_ _2\"></span> consoli<span class=\"_ _2\"></span>dat<span class=\"_ _2\"></span>ion, </span></span>are t<span class=\"_ _2\"></span>ransl<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> at f<span class=\"_ _2\"></span>oreig<span class=\"_ _2\"></span>n exc<span class=\"_ _2\"></span>hang<span class=\"_ _2\"></span>e rates<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>revail<span class=\"_ _2\"></span>ing <span class=\"_ _2\"></span>at th<span class=\"_ _2\"></span>e bal<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> shee<span class=\"_ _2\"></span>t da<span class=\"_ _2\"></span>te. T<span class=\"_ _2\"></span>he <span class=\"ws52\">op<span class=\"_ _2\"></span>era<span class=\"_ _2\"></span>ting reven<span class=\"_ _2\"></span>ue </span>and ex<span class=\"_ _2\"></span>pense<span class=\"_ _2\"></span>s <span class=\"ls4a ws76\">of<span class=\"ls1 ws0\"> </span></span><span class=\"ws4f\">for<span class=\"_ _2\"></span>eign ope<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ons ar<span class=\"_ _2\"></span>e tran<span class=\"_ _2\"></span>slated<span class=\"_ _2\"></span> at an ave<span class=\"_ _2\"></span>rage r<span class=\"_ _2\"></span>ate fo<span class=\"_ _2\"></span>r the per<span class=\"_ _2\"></span>iod wher<span class=\"_ _2\"></span>e thi<span class=\"_ _2\"></span>s rate </span>approximates t<span class=\"_ _2\"></span>he foreign exch<span class=\"_ _2\"></span>ange rates<span class=\"_ _2\"></span> at the da<span class=\"_ _2\"></span>tes of the <span class=\"_ _2\"></span>transactions. <span class=\"_ _2\"></span>The diffe<span class=\"_ _2\"></span>rences are reco<span class=\"_ _2\"></span>rded i<span class=\"_ _2\"></span>n ot<span class=\"_ _2\"></span>her com<span class=\"_ _2\"></span>pre<span class=\"_ _2\"></span>hensi<span class=\"_ _2\"></span>ve i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-572": {
   "value": "New standards that are not yet effective<span class=\"ls1 ws0\"> </span>There<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> no <span class=\"ws52\">s<span class=\"_ _2\"></span>tanda<span class=\"_ _2\"></span>rds that <span class=\"ls2f ws70\">are not yet<span class=\"_ _2\"></span> effective<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">that <span class=\"_ _2\"></span>are expect<span class=\"_ _2\"></span>ed to have<span class=\"_ _2\"></span> a material<span class=\"_ _2\"></span> effect on<span class=\"_ _2\"></span> the </span></span></span></span>Group<span class=\"_ _2\"></span>\u2019s<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ff4e ls1 ws0\">F<span class=\"ls30 ws52\">inanci<span class=\"_ _2\"></span>al </span>S<span class=\"_ _1\"></span><span class=\"ls30 ws52\">t<span class=\"_ _2\"></span>ateme<span class=\"_ _2\"></span>nts.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span>Accountin<span class=\"_ _2\"></span>g poli<span class=\"_ _2\"></span>cies that be<span class=\"_ _2\"></span>came effe<span class=\"_ _2\"></span>ctive d<span class=\"_ _2\"></span>uring t<span class=\"_ _2\"></span>he year<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>There<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> no ne<span class=\"_ _2\"></span>w acc<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span>ing p<span class=\"_ _2\"></span>olic<span class=\"_ _2\"></span>ies <span class=\"_ _2\"></span>that h<span class=\"_ _2\"></span>ave b<span class=\"_ _2\"></span>ecome<span class=\"_ _2\"></span> effe<span class=\"_ _2\"></span>ctive<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>during <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> year<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws4f\">that have<span class=\"_ _2\"></span> had a </span>material effec<span class=\"_ _2\"></span>t on the <span class=\"_ _2\"></span>Group\u2019s <span class=\"ff4e ls1 ws0\">F<span class=\"ls30 ws52\">inancial<span class=\"_ _2\"></span></span> S<span class=\"_ _1\"></span><span class=\"ls30 ws52\">t<span class=\"_ _2\"></span>ateme<span class=\"_ _2\"></span>nts<span class=\"ls1 ws0\">.</span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-598": {
   "value": "New standards that are not yet effective<span class=\"ls1 ws0\"> </span>There<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> no <span class=\"ws52\">s<span class=\"_ _2\"></span>tanda<span class=\"_ _2\"></span>rds that <span class=\"ls2f ws70\">are not yet<span class=\"_ _2\"></span> effective<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">that <span class=\"_ _2\"></span>are expect<span class=\"_ _2\"></span>ed to have<span class=\"_ _2\"></span> a material<span class=\"_ _2\"></span> effect on<span class=\"_ _2\"></span> the </span></span></span></span>Group<span class=\"_ _2\"></span>\u2019s<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ff4e ls1 ws0\">F<span class=\"ls30 ws52\">inanci<span class=\"_ _2\"></span>al </span>S<span class=\"_ _1\"></span><span class=\"ls30 ws52\">t<span class=\"_ _2\"></span>ateme<span class=\"_ _2\"></span>nts.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-618": {
   "value": "New standards that are not yet effective<span class=\"ls1 ws0\"> </span>There<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> no <span class=\"ws52\">s<span class=\"_ _2\"></span>tanda<span class=\"_ _2\"></span>rds that <span class=\"ls2f ws70\">are not yet<span class=\"_ _2\"></span> effective<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">that <span class=\"_ _2\"></span>are expect<span class=\"_ _2\"></span>ed to have<span class=\"_ _2\"></span> a material<span class=\"_ _2\"></span> effect on<span class=\"_ _2\"></span> the </span></span></span></span>Group<span class=\"_ _2\"></span>\u2019s<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ff4e ls1 ws0\">F<span class=\"ls30 ws52\">inanci<span class=\"_ _2\"></span>al </span>S<span class=\"_ _1\"></span><span class=\"ls30 ws52\">t<span class=\"_ _2\"></span>ateme<span class=\"_ _2\"></span>nts.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span>Accountin<span class=\"_ _2\"></span>g poli<span class=\"_ _2\"></span>cies that be<span class=\"_ _2\"></span>came effe<span class=\"_ _2\"></span>ctive d<span class=\"_ _2\"></span>uring t<span class=\"_ _2\"></span>he year<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>There<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> no ne<span class=\"_ _2\"></span>w acc<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span>ing p<span class=\"_ _2\"></span>olic<span class=\"_ _2\"></span>ies <span class=\"_ _2\"></span>that h<span class=\"_ _2\"></span>ave b<span class=\"_ _2\"></span>ecome<span class=\"_ _2\"></span> effe<span class=\"_ _2\"></span>ctive<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>during <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> year<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws4f\">that have<span class=\"_ _2\"></span> had a </span>material effec<span class=\"_ _2\"></span>t on the <span class=\"_ _2\"></span>Group\u2019s <span class=\"ff4e ls1 ws0\">F<span class=\"ls30 ws52\">inancial<span class=\"_ _2\"></span></span> S<span class=\"_ _1\"></span><span class=\"ls30 ws52\">t<span class=\"_ _2\"></span>ateme<span class=\"_ _2\"></span>nts<span class=\"ls1 ws0\">.</span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-599": {
   "value": "Accountin<span class=\"_ _2\"></span>g poli<span class=\"_ _2\"></span>cies that be<span class=\"_ _2\"></span>came effe<span class=\"_ _2\"></span>ctive d<span class=\"_ _2\"></span>uring t<span class=\"_ _2\"></span>he year<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>There<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> no ne<span class=\"_ _2\"></span>w acc<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span>ing p<span class=\"_ _2\"></span>olic<span class=\"_ _2\"></span>ies <span class=\"_ _2\"></span>that h<span class=\"_ _2\"></span>ave b<span class=\"_ _2\"></span>ecome<span class=\"_ _2\"></span> effe<span class=\"_ _2\"></span>ctive<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>during <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> year<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws4f\">that have<span class=\"_ _2\"></span> had a </span>material effec<span class=\"_ _2\"></span>t on the <span class=\"_ _2\"></span>Group\u2019s <span class=\"ff4e ls1 ws0\">F<span class=\"ls30 ws52\">inancial<span class=\"_ _2\"></span></span> S<span class=\"_ _1\"></span><span class=\"ls30 ws52\">t<span class=\"_ _2\"></span>ateme<span class=\"_ _2\"></span>nts<span class=\"ls1 ws0\">.</span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfInitialApplicationOfStandardsOrInterpretations",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-573": {
   "value": "Critical accounting judgements and key sources of estimation uncertainty<span class=\"ls1 ws0\"> </span>In con<span class=\"_ _2\"></span>necti<span class=\"_ _2\"></span>on w<span class=\"_ _2\"></span>ith <span class=\"_ _2\"></span>the pr<span class=\"_ _2\"></span>epa<span class=\"_ _2\"></span>ratio<span class=\"_ _2\"></span>n of <span class=\"_ _2\"></span>the C<span class=\"_ _2\"></span>onsol<span class=\"_ _2\"></span>ida<span class=\"_ _2\"></span>ted Fi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>ial <span class=\"_ _2\"></span>Statem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s, ma<span class=\"_ _2\"></span>nageme<span class=\"_ _2\"></span>nt h<span class=\"_ _2\"></span>as m<span class=\"_ _2\"></span>ade as<span class=\"_ _2\"></span>sump<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> esti<span class=\"_ _2\"></span>mate<span class=\"_ _2\"></span>s ab<span class=\"_ _2\"></span>out<span class=\"_ _2\"></span> futu<span class=\"_ _2\"></span>re eve<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls2f ws70\">and applied<span class=\"_ _2\"></span> judgements <span class=\"_ _2\"></span>that affect<span class=\"_ _2\"></span> the report<span class=\"_ _2\"></span>ed </span></span>amounts of <span class=\"_ _2\"></span>assets, liabili<span class=\"_ _2\"></span>ties, <span class=\"ls30 ws52\">op<span class=\"_ _2\"></span>erati<span class=\"_ _2\"></span>ng <span class=\"ws50\">revenue<span class=\"_ _2\"></span>, exp<span class=\"_ _2\"></span>ense<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he rel<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> disc<span class=\"_ _2\"></span>losure<span class=\"_ _2\"></span>s.<span class=\"_ _2\"></span> The a<span class=\"_ _2\"></span>ssu<span class=\"_ _2\"></span>mptio<span class=\"_ _2\"></span>ns, <span class=\"_ _2\"></span></span></span><span class=\"ws4e\">estimates<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">and j<span class=\"_ _2\"></span>udgem<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> based<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>histo<span class=\"_ _2\"></span>rical<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>ence,<span class=\"_ _2\"></span> cur<span class=\"_ _2\"></span>rent <span class=\"_ _2\"></span>trends<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>othe<span class=\"_ _2\"></span>r f<span class=\"_ _2\"></span>actor<span class=\"_ _2\"></span>s </span></span></span>that management bel<span class=\"_ _2\"></span>ieves to <span class=\"ls31 ws53\">be<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span><span class=\"ws4e\">relevant<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">at the t<span class=\"_ _2\"></span>ime <span class=\"_ _2\"></span>the Co<span class=\"_ _2\"></span>nsol<span class=\"_ _2\"></span>idate<span class=\"_ _2\"></span>d Fi<span class=\"_ _2\"></span>nancia<span class=\"_ _2\"></span>l St<span class=\"_ _2\"></span>ateme<span class=\"_ _2\"></span>nts <span class=\"_ _2\"></span>are p<span class=\"_ _2\"></span>rep<span class=\"_ _2\"></span>ared. A<span class=\"_ _2\"></span>ctu<span class=\"_ _2\"></span>al res<span class=\"_ _2\"></span>ults<span class=\"_ _2\"></span> may d<span class=\"_ _2\"></span>iff<span class=\"_ _2\"></span>er <span class=\"_ _2\"></span>from t<span class=\"_ _2\"></span>hese <span class=\"_ _2\"></span>estim<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>s. On<span class=\"_ _2\"></span> a reg<span class=\"_ _2\"></span>ular<span class=\"_ _2\"></span> </span></span></span>basis<span class=\"_ _2\"></span>, management r<span class=\"_ _2\"></span>eviews the accou<span class=\"_ _2\"></span>nting p<span class=\"_ _2\"></span>olic<span class=\"_ _2\"></span>ies,<span class=\"_ _2\"></span> assum<span class=\"_ _2\"></span>pti<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span>, est<span class=\"_ _2\"></span>imate<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> judg<span class=\"_ _2\"></span>emen<span class=\"_ _2\"></span>ts<span class=\"ls1 ws0\"> </span><span class=\"ws4f\">to ensu<span class=\"_ _2\"></span>re tha<span class=\"_ _2\"></span>t the <span class=\"ls2f ws4e\">Consolida<span class=\"_ _2\"></span>ted </span></span>Financial<span class=\"_ _2\"></span> Sta<span class=\"_ _2\"></span>tement<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e p<span class=\"_ _2\"></span>rese<span class=\"_ _2\"></span>nted fai<span class=\"_ _2\"></span>rly<span class=\"_ _2\"></span> and i<span class=\"_ _2\"></span>n ac<span class=\"_ _2\"></span>corda<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> wit<span class=\"_ _2\"></span>h IFR<span class=\"_ _2\"></span>S and<span class=\"_ _2\"></span> Berm<span class=\"_ _2\"></span>uda <span class=\"ls1 ws0\">c</span>om<span class=\"_ _2\"></span>pany l<span class=\"_ _2\"></span>aw,<span class=\"_ _2\"></span> app<span class=\"_ _2\"></span>lied on a consis<span class=\"_ _2\"></span>tent basis. Re<span class=\"_ _2\"></span>visions to <span class=\"_ _2\"></span>accounting es<span class=\"_ _2\"></span>timates are <span class=\"_ _2\"></span>recognised i<span class=\"_ _2\"></span>n the period <span class=\"_ _2\"></span>in which <span class=\"_ _2\"></span>the estimate is<span class=\"_ _2\"></span> revised i<span class=\"_ _2\"></span>f<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">the re<span class=\"_ _2\"></span>visi<span class=\"_ _2\"></span>on aff<span class=\"_ _2\"></span>ects<span class=\"_ _2\"></span> onl<span class=\"_ _2\"></span>y th<span class=\"_ _2\"></span>at peri<span class=\"_ _2\"></span>od,<span class=\"_ _2\"></span> or <span class=\"_ _2\"></span>in t<span class=\"_ _2\"></span>he pe<span class=\"_ _2\"></span>riod of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> rev<span class=\"_ _2\"></span>isio<span class=\"_ _2\"></span>n and<span class=\"_ _2\"></span> fut<span class=\"_ _2\"></span>ure </span></span>periods if t<span class=\"_ _2\"></span>he change affec<span class=\"_ _2\"></span>ts both <span class=\"_ _2\"></span>as per IA<span class=\"_ _2\"></span>S 8, Accounting<span class=\"_ _2\"></span> Policies, <span class=\"_ _2\"></span><span class=\"ls30 ws52\">Change<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span><span class=\"ws50\">in Ac<span class=\"_ _2\"></span>count<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> Estim<span class=\"_ _2\"></span>ates a<span class=\"_ _2\"></span>nd E<span class=\"_ _2\"></span>rro<span class=\"_ _2\"></span>rs.<span class=\"ls1 ws0\"> </span></span></span>Critic<span class=\"_ _2\"></span>al ac<span class=\"_ _2\"></span>coun<span class=\"_ _2\"></span>ting<span class=\"_ _2\"></span> estim<span class=\"_ _2\"></span>ates<span class=\"_ _2\"></span> an<span class=\"_ _2\"></span>d judg<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> tho<span class=\"_ _2\"></span>se th<span class=\"_ _2\"></span>at h<span class=\"_ _2\"></span>ave a<span class=\"_ _2\"></span> sig<span class=\"_ _2\"></span>nific<span class=\"_ _2\"></span>ant <span class=\"_ _2\"></span>risk o<span class=\"_ _2\"></span>f havi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>a mate<span class=\"_ _2\"></span>rial<span class=\"_ _2\"></span> impac<span class=\"_ _2\"></span>t <span class=\"_ _2\"></span>on the<span class=\"_ _2\"></span> Con<span class=\"_ _2\"></span>sol<span class=\"ls2f ws4e\">id<span class=\"_ _2\"></span>ated </span><span class=\"ws52\">Financi<span class=\"_ _2\"></span>al<span class=\"ls1 ws0\"> </span><span class=\"ws4f\">Stateme<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span>. Manag<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span> believe<span class=\"_ _2\"></span>s the<span class=\"_ _2\"></span> followi<span class=\"_ _2\"></span>ng are<span class=\"_ _2\"></span>as are t<span class=\"_ _2\"></span>he </span></span>signifi<span class=\"_ _2\"></span>can<span class=\"_ _2\"></span>t judg<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nts <span class=\"_ _2\"></span>and es<span class=\"_ _2\"></span>tim<span class=\"_ _2\"></span>ates u<span class=\"_ _2\"></span>sed i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>repara<span class=\"_ _2\"></span>tion o<span class=\"_ _2\"></span>f <span class=\"_ _2\"></span><span class=\"ws52\">the<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">Consolidated<span class=\"_ _2\"></span></span> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">Fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al<span class=\"ls1 ws0\"> </span>Statem<span class=\"_ _2\"></span>ents:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span><table class=\"s w128 h105\" id=\"_4c94ac06-5948-49b1-aaab-22228c255638\"><tr><td class=\"c x286 y29fa w4d ha8\"><div class=\"t m0 x1a6 ha9 y1d6f ff54 fs3a fcb sc0 ls1f ws90\">Critic<span class=\"_ _2\"></span>al account<span class=\"_ _2\"></span>ing <span class=\"ls2c ws91\">e<span class=\"_ _2\"></span>stimate</span><span class=\"ls2c ws91\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x287 y29fa w4e ha8\"><div class=\"t m0 x1a6 ha9 y1d6f ff54 fs3a fcb sc0 ls27 ws5b\">Source<span class=\"_ _2\"></span>s of <span class=\"_ _2\"></span><span class=\"ls20 ws5a\">account<span class=\"_ _2\"></span>ing ju<span class=\"_ _2\"></span>dgement o<span class=\"_ _2\"></span>r <span class=\"ls1f ws90\">estim<span class=\"_ _2\"></span>ation u<span class=\"_ _2\"></span>ncerta<span class=\"_ _2\"></span>inty</span></span><span class=\"ls20 ws5a\"><span class=\"ls1f ws90\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x288 y29fa w4f ha8\"><div class=\"t m0 x1a6 ha9 y1d6f ff54 fs3a fcb sc0 ls1f ws90\">Effect if<span class=\"_ _2\"></span> actu<span class=\"_ _2\"></span>al re<span class=\"_ _2\"></span>sults dif<span class=\"_ _2\"></span>fer fro<span class=\"_ _2\"></span>m <span class=\"_ _2\"></span>assumptio<span class=\"_ _2\"></span>ns<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"t m0 x289 ha6 y29fb ff52 fs3c fcb sc0 ls5c ws8f\">Voyage <span class=\"_ _2\"></span>revenue an<span class=\"_ _2\"></span>d costs<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td></td><td></td></tr><tr><td class=\"c x286 y29fc w4d hab\"><div class=\"t m0 x1a6 h98 y1d74 ff53 fs39 fc2 sc0 ls30 ws50\">The Gr<span class=\"_ _2\"></span>oup g<span class=\"_ _2\"></span>ener<span class=\"_ _2\"></span>ates<span class=\"_ _2\"></span> a ma<span class=\"_ _2\"></span>jority<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls4a ws76\">of<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls53 ws80\">i<span class=\"_ _2\"></span>ts <span class=\"ls30 ws52\">operat<span class=\"_ _2\"></span>ing reven<span class=\"_ _2\"></span>ue</span></span></span></span><span class=\"ls4a ws76\"><span class=\"ls1 ws0\"><span class=\"ls53 ws80\"><span class=\"ls30 ws52\"> </span></span></span></span></div></td><td class=\"c x287 y29fc w4e hab\"><div class=\"t m0 x1a6 h98 y1d74 ff53 fs39 fc2 sc0 ls30 ws50\">In app<span class=\"_ _2\"></span>lyi<span class=\"_ _2\"></span>ng the<span class=\"_ _2\"></span> perce<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span>age of<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>mple<span class=\"_ _2\"></span>tion m<span class=\"_ _2\"></span>ethod<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> reve<span class=\"_ _2\"></span>nue<span class=\"_ _2\"></span> </div></td><td class=\"c x288 y29fc w4f hab\"><div class=\"t m0 x1a6 h98 y1d74 ff53 fs39 fc2 sc0 ls30 ws50\">The ac<span class=\"_ _2\"></span>crued<span class=\"_ _2\"></span> voy<span class=\"_ _2\"></span>age <span class=\"_ _2\"></span>and pr<span class=\"_ _2\"></span>epaid<span class=\"_ _2\"></span> voy<span class=\"_ _2\"></span>age <span class=\"ls5d ws92\">expen<span class=\"_ _1\"></span>se <span class=\"_ _1\"></span><span class=\"ls30 ws52\">acc<span class=\"_ _2\"></span>ou<span class=\"_ _2\"></span>nts</span></span><span class=\"ls5d ws92\"><span class=\"ls30 ws52\"> <span class=\"ls1 ws0\"> </span></span></span></div></td></tr><tr><td class=\"t m0 x289 h98 y29fd ff53 fs39 fc2 sc0 ls30 ws4f\">throug<span class=\"_ _2\"></span>h its tank<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span> segmen<span class=\"_ _2\"></span>t from<span class=\"_ _2\"></span> the tran<span class=\"_ _2\"></span>sporta<span class=\"_ _2\"></span>tion o<span class=\"_ _2\"></span>f liqui<span class=\"_ _2\"></span>ds </td><td class=\"t m0 x28a h98 y29fd ff53 fs39 fc2 sc0 ls30 ws50\">and ex<span class=\"_ _2\"></span>pense<span class=\"_ _2\"></span>s fo<span class=\"_ _2\"></span>r <span class=\"ls54 ws83\">voyages<span class=\"ls1 ws0\"> </span></span>still<span class=\"_ _2\"></span> in <span class=\"_ _2\"></span>progre<span class=\"_ _2\"></span>ss a<span class=\"_ _2\"></span>t the<span class=\"_ _2\"></span> end o<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he </td><td class=\"t m0 x28b h98 y29fd ff53 fs39 fc2 sc0 ls30 ws50\">are u<span class=\"_ _2\"></span>sed<span class=\"ls1 ws0\"> </span>to ad<span class=\"_ _2\"></span>just <span class=\"_ _2\"></span>reve<span class=\"_ _2\"></span>nues<span class=\"_ _2\"></span> <span class=\"ls2f ws4e\">billed<span class=\"ls1 ws0\"> </span></span><span class=\"ws52\">and <span class=\"ls2f ws70\">vendor invoices <span class=\"_ _2\"></span>received</span></span><span class=\"ws52\"><span class=\"ls2f ws70\"> </span></span></td></tr><tr><td class=\"t m0 x289 h98 y29fe ff53 fs39 fc2 sc0 ls31 ws53\">by<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">sea<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> inl<span class=\"_ _2\"></span>and wa<span class=\"_ _2\"></span>ter<span class=\"ws52\">w<span class=\"_ _2\"></span>ays<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls47 ws82\">under contra<span class=\"_ _1\"></span>cts <span class=\"ls4a ws76\">of<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">affrei<span class=\"_ _2\"></span>ghtme<span class=\"_ _2\"></span>nt</span></span></span></span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"ws52\"><span class=\"ls1 ws0\"><span class=\"ls47 ws82\"><span class=\"ls4a ws76\"><span class=\"ls1 ws0\"> </span></span></span></span></span></span></span></td><td class=\"t m0 x28a h98 y29fe ff53 fs39 fc2 sc0 ls30 ws50\">repor<span class=\"_ _2\"></span>ting p<span class=\"_ _2\"></span>eriod<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> estim<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> and p<span class=\"_ _2\"></span>ror<span class=\"_ _2\"></span>ated o<span class=\"_ _2\"></span>ve<span class=\"_ _2\"></span>r the<span class=\"_ _2\"></span> peri<span class=\"_ _2\"></span>od <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x28b h98 y29fe ff53 fs39 fc2 sc0 ls53 ws80\">to <span class=\"ls30 ws52\">the<span class=\"ls1 ws0\"> </span>approp<span class=\"_ _2\"></span>riate amo<span class=\"_ _2\"></span>unts<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">to be rec<span class=\"_ _2\"></span>ognised </span>b</span>ased<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls4a ws76\">on<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">t<span class=\"_ _2\"></span>he</span></span></span></span></span><span class=\"ls30 ws52\"><span class=\"ls1 ws0\"><span class=\"ls4a ws76\"><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ls1 ws0\"> </span></span></span></span></span></span></td></tr><tr><td class=\"t m0 x289 h98 y29ff ff53 fs39 fc2 sc0 ls2f ws4e\">(COAs)<span class=\"ls1 ws0\"> <span class=\"ls4a ws76\">or</span> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">t<span class=\"_ _2\"></span>hroug<span class=\"_ _2\"></span>h co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>ts o<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he spo<span class=\"_ _2\"></span>t ma<span class=\"_ _2\"></span>rket.<span class=\"_ _2\"></span> <span class=\"ws52\">Tanke<span class=\"_ _2\"></span>rs </span></span></span></td><td class=\"t m0 x28a h98 y29ff ff53 fs39 fc2 sc0 ls30 ws4f\">of the <span class=\"ls2f ws70\">service<span class=\"_ _2\"></span> provided fo<span class=\"_ _2\"></span>r </span><span class=\"ws52\">eac<span class=\"_ _2\"></span>h<span class=\"ls1 ws0\"> </span><span class=\"ws50\">active co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>t<span class=\"ls50 ws7d\">.</span></span></span><span class=\"ws52\"><span class=\"ws50\"><span class=\"ls50 ws7d\"> <span class=\"ls1 ws0\"> </span></span></span></span></td><td class=\"t m0 x28b h98 y29ff ff53 fs39 fc2 sc0 ls30 ws52\">percen<span class=\"_ _2\"></span>tage<span class=\"_ _2\"></span> <span class=\"ls4a ws76\">of <span class=\"_ _1\"></span><span class=\"ls2f ws70\">complet<span class=\"_ _2\"></span>ion method<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">of acc<span class=\"_ _2\"></span>ounti<span class=\"_ _2\"></span>ng.</span></span></span></span><span class=\"ls4a ws76\"><span class=\"ls2f ws70\"><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"_ _2\"></span></span> </span></span></span></td></tr><tr><td class=\"t m0 x289 h98 y2a00 ff53 fs39 fc2 sc0 ls2f ws4e\">recognise <span class=\"ls53 ws32\">the majo<span class=\"_ _2\"></span>rity<span class=\"_ _2\"></span> of <span class=\"ws80\">i<span class=\"_ _2\"></span>ts <span class=\"ls30 ws50\">operati<span class=\"_ _2\"></span>ng re<span class=\"_ _2\"></span>venue<span class=\"_ _2\"></span> over<span class=\"_ _2\"></span> tim<span class=\"_ _2\"></span>e on <span class=\"_ _2\"></span>a</span></span></span><span class=\"ls53 ws32\"><span class=\"ws80\"><span class=\"ls30 ws50\"> </span></span></span></td><td class=\"t m0 x28a h98 y2a01 ff53 fs39 fc2 sc0 ls2f ws70\">For each voyage <span class=\"_ _2\"></span>leg, estima<span class=\"_ _2\"></span>tes<span class=\"ls1 ws0\"> <span class=\"ls30 ws4f\">are made of<span class=\"_ _2\"></span> revenu<span class=\"_ _2\"></span>e</span>s <span class=\"_ _1\"></span><span class=\"ls30 ws52\">a<span class=\"_ _2\"></span>nd</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"> </span></span></td><td class=\"t m0 x28b h98 y2a01 ff53 fs39 fc2 sc0 ls2f ws70\">Management does<span class=\"_ _2\"></span> not believe t<span class=\"_ _2\"></span>here would<span class=\"_ _2\"></span> be a m<span class=\"_ _2\"></span>aterial change </td></tr><tr><td class=\"t m0 x289 h98 y2a02 ff53 fs39 fc2 sc0 ls30 ws50\">prorate<span class=\"_ _2\"></span>d ba<span class=\"_ _2\"></span>sis<span class=\"_ _2\"></span> based<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">on the time c<span class=\"_ _2\"></span>argo is lo<span class=\"_ _2\"></span>aded to its</span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"> </span></span></td><td class=\"t m0 x28a h98 y2a03 ff53 fs39 fc2 sc0 ls30 ws50\">relate<span class=\"_ _2\"></span>d cos<span class=\"_ _2\"></span>ts b<span class=\"_ _2\"></span>ased<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>availab<span class=\"_ _2\"></span>le <span class=\"_ _2\"></span>actual<span class=\"_ _2\"></span> inf<span class=\"_ _2\"></span>ormati<span class=\"_ _2\"></span>on, c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>nt </td><td class=\"t m0 x28b h98 y2a03 ff53 fs39 fc2 sc0 ls2f ws70\">if the perce<span class=\"_ _2\"></span>ntage of c<span class=\"_ _2\"></span>ompletion method w<span class=\"_ _2\"></span>as based on<span class=\"_ _2\"></span> <span class=\"ws4e\">full</span><span class=\"ws4e\"> </span></td></tr><tr><td class=\"t m0 x289 h98 y2a04 ff53 fs39 fc2 sc0 ls2f ws70\">estimated dispa<span class=\"_ _2\"></span>tch<span class=\"ls30 ws50\">. Whe<span class=\"_ _2\"></span>n c<span class=\"_ _2\"></span>alcul<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng the<span class=\"_ _2\"></span> voy<span class=\"_ _2\"></span>age re<span class=\"_ _2\"></span>ven<span class=\"_ _2\"></span>ue and</span><span class=\"ls30 ws50\"><span class=\"_ _2\"></span> </span></td><td class=\"t m0 x28a h98 y2a05 ff53 fs39 fc2 sc0 ls30 ws50\">market<span class=\"_ _2\"></span> par<span class=\"_ _2\"></span>ameter<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws50\">suc<span class=\"_ _2\"></span>h as<span class=\"_ _2\"></span> fuel<span class=\"_ _2\"></span> c<span class=\"_ _2\"></span>ost a<span class=\"_ _2\"></span>nd cus<span class=\"_ _2\"></span>tomer<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>t</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"> </span></span></td><td class=\"t m0 x28b h98 y2a05 ff53 fs39 fc2 sc0 ls30 ws50\">voyage<span class=\"_ _2\"></span>s or<span class=\"_ _2\"></span> othe<span class=\"_ _2\"></span>r <span class=\"ws52\">c<span class=\"_ _2\"></span>riteri<span class=\"_ _2\"></span>a</span>, r<span class=\"_ _2\"></span>ather<span class=\"_ _2\"></span> tha<span class=\"_ _2\"></span>n usi<span class=\"_ _2\"></span>ng voy<span class=\"_ _2\"></span>age l<span class=\"_ _2\"></span>egs<span class=\"_ _2\"></span><span class=\"ls1 ws0\">.</span><span class=\"ls1 ws0\"><span class=\"_ _1\"></span> </span></td></tr><tr><td class=\"t m0 x289 h98 y2a06 ff53 fs39 fc2 sc0 ls30 ws50\">costs<span class=\"_ _2\"></span>, this<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>tion i<span class=\"_ _2\"></span>s f<span class=\"_ _2\"></span>irst b<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span>d on <span class=\"_ _2\"></span><span class=\"ff55 ls1 ws0\">\u2018</span><span class=\"ls2f ws70\">budgeted voyage legs<span class=\"ff55 ls1 ws0\">\u2019</span></span><span class=\"ls2f ws70\"><span class=\"ff55 ls1 ws0\"><span class=\"ff53\"> </span></span></span></td><td class=\"t m0 x28a h98 y2a07 ff53 fs39 fc2 sc0 ls30 ws50\">portf<span class=\"_ _2\"></span>olios,<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> rele<span class=\"_ _2\"></span>vant<span class=\"_ _2\"></span> hist<span class=\"_ _2\"></span>oric<span class=\"_ _2\"></span>al da<span class=\"_ _2\"></span>ta, <span class=\"_ _2\"></span><span class=\"ws52\">such<span class=\"ls1 ws0\"> </span>as<span class=\"ls1 ws0\"> <span class=\"ls4a ws74\">port c<span class=\"_ _2\"></span>osts.</span></span></span><span class=\"ws52\"><span class=\"ls1 ws0\"><span class=\"ls4a ws74\"> <span class=\"_ _2\"></span></span> </span></span></td><td class=\"t m0 x28b h98 y2a07 ff53 fs39 fc2 sc0 ls4a ws76\">However,<span class=\"_ _2\"></span> <span class=\"ls2f ws4e\">if<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">actu<span class=\"_ _2\"></span>al re<span class=\"_ _2\"></span>sul<span class=\"_ _2\"></span>ts a<span class=\"_ _2\"></span>re no<span class=\"_ _2\"></span>t con<span class=\"_ _2\"></span>sis<span class=\"_ _2\"></span>tent wi<span class=\"_ _2\"></span>th e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ates <span class=\"_ _2\"></span><span class=\"ls4a ws76\">or</span></span></span></span><span class=\"ls2f ws4e\"><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"ls4a ws76\"><span class=\"ls1 ws0\"> </span></span></span></span></span></td></tr><tr><td class=\"t m0 x289 h98 y2a08 ff53 fs39 fc2 sc0 ls30 ws50\">that <span class=\"_ _2\"></span>are <span class=\"_ _2\"></span>reviewed<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> upd<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> ann<span class=\"_ _2\"></span>ually<span class=\"_ _2\"></span>. Afte<span class=\"_ _2\"></span>r the<span class=\"_ _2\"></span> voy<span class=\"_ _2\"></span>age<span class=\"_ _2\"></span> </td><td></td><td class=\"t m0 x28b h98 y2a09 ff53 fs39 fc2 sc0 ls30 ws4f\">assum<span class=\"_ _2\"></span>ptions<span class=\"_ _2\"></span>, rev<span class=\"_ _2\"></span>enues<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws50\">or costs<span class=\"_ _2\"></span> may<span class=\"_ _2\"></span> be <span class=\"_ _2\"></span>over <span class=\"_ _2\"></span><span class=\"ls4a ws76\">or<span class=\"ls1 ws0\"> </span></span><span class=\"ws52\">underst<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span>.</span></span><span class=\"ws50\"><span class=\"ws52\"><span class=\"ls1 ws0\"> </span></span></span></td></tr><tr><td class=\"t m0 x289 h98 y2a0a ff53 fs39 fc2 sc0 ls2f ws4e\">legs<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">have beg<span class=\"_ _2\"></span>un, <span class=\"_ _2\"></span>they a<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span> update<span class=\"_ _2\"></span>d </span></span>fo<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">actual re<span class=\"_ _2\"></span>sults<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>the</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"> </span></span></td><td class=\"t m0 x28a h98 y2a0b ff53 fs39 fc2 sc0 ls30 ws50\">Reven<span class=\"_ _2\"></span>ue and<span class=\"_ _2\"></span> cos<span class=\"_ _2\"></span>t estim<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> up<span class=\"_ _2\"></span>dated<span class=\"_ _2\"></span> conti<span class=\"_ _2\"></span>nuall<span class=\"_ _2\"></span>y </td><td></td></tr><tr><td class=\"t m0 x289 h98 y2a0c ff53 fs39 fc2 sc0 ls53 ws80\">latest <span class=\"ls30 ws52\">upda<span class=\"_ _2\"></span>ted<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls48 ws72\">est<span class=\"_ _2\"></span>imates.</span></span></span><span class=\"ls30 ws52\"><span class=\"ls1 ws0\"><span class=\"ls48 ws72\"><span class=\"_ _2\"></span><span class=\"ff56 ls1 ws0\"> </span></span></span></span></td><td class=\"t m0 x28a h98 y2a0d ff53 fs39 fc2 sc0 ls30 ws4f\">throug<span class=\"_ _2\"></span>hout<span class=\"_ _2\"></span> the voy<span class=\"_ _2\"></span>age to acc<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> <span class=\"ls2f ws4e\">for<span class=\"ls1 ws0\"> </span></span><span class=\"ws50\">changes<span class=\"_ _2\"></span> in v<span class=\"_ _2\"></span>oyage</span><span class=\"ws50\"><span class=\"_ _2\"></span> </span></td><td class=\"t m0 x28b h98 y2a0d ff53 fs39 fc2 sc0 ls2f ws70\">At November 3<span class=\"_ _2\"></span>0, <span class=\"ls31 ws53\">202<span class=\"ls1 ws0\">5 <span class=\"_ _1\"></span><span class=\"ls30 ws52\">and<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ls31 ws53\">2024<span class=\"_ _2\"></span>,<span class=\"ls1 ws0\"> <span class=\"ls30 ws4f\">the accrued<span class=\"_ _2\"></span> voyag<span class=\"_ _2\"></span>e expe<span class=\"_ _2\"></span>nse</span></span></span></span></span></span><span class=\"ls31 ws53\"><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ls31 ws53\"><span class=\"ls1 ws0\"><span class=\"ls30 ws4f\"> </span></span></span></span></span></span></td></tr><tr><td></td><td class=\"t m0 x28a h98 y2a0e ff53 fs39 fc2 sc0 ls30 ws4f\">patte<span class=\"_ _2\"></span>rns, to i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>e the mos<span class=\"_ _2\"></span>t up<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls53 ws80\">to</span>-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">da<span class=\"_ _2\"></span>te dat<span class=\"_ _2\"></span>a and<span class=\"_ _2\"></span> to f<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>alise</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"_ _2\"></span> </span></span></td><td class=\"t m0 x28b h98 y2a0e ff53 fs39 fc2 sc0 ls30 ws50\">accou<span class=\"_ _2\"></span>nt wa<span class=\"_ _2\"></span>s $<span class=\"ls31 ws53\">68.8<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">million and $<span class=\"_ _2\"></span></span></span>70.9 <span class=\"ls2f ws75\">million, respectively, <span class=\"ls4a ws76\">of</span></span></span><span class=\"ls31 ws53\"><span class=\"ls2f ws75\"><span class=\"ls4a ws76\"><span class=\"ls1 ws0\"> </span></span></span></span></td></tr><tr><td></td><td class=\"t m0 x28a h98 y2a0f ff53 fs39 fc2 sc0 ls30 ws52\">revenue<span class=\"_ _2\"></span>s <span class=\"ls4b ws77\">and<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">expenses.</span></span></span><span class=\"ls4b ws77\"><span class=\"ls1 ws0\"><span class=\"ls2f ws4e\"> </span> </span></span></td><td class=\"t m0 x28b h98 y2a0f ff53 fs39 fc2 sc0 ls30 ws50\">which<span class=\"_ _2\"></span> $<span class=\"ls31 ws53\">35.3<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">million</span> </span></span>and $<span class=\"ls31 ws53\">40.2<span class=\"ls1 ws0\"> <span class=\"ls2f ws75\">million related to </span></span></span><span class=\"ws52\">cont<span class=\"_ _2\"></span>ract</span><span class=\"ws52\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x28b h98 y2a10 ff53 fs39 fc2 sc0 ls2f ws4e\">liabilities for<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">unearned<span class=\"_ _2\"></span></span> <span class=\"ls30 ws52\">revenues<span class=\"_ _2\"></span>.</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"> </span> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x28b h98 y2a11 ff53 fs39 fc2 sc0 ls30 ws50\">Prepai<span class=\"_ _2\"></span>d exp<span class=\"_ _2\"></span>enses<span class=\"_ _2\"></span> inc<span class=\"_ _2\"></span>luded<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">$2<span class=\"_ _1\"></span>4.4<span class=\"_ _1\"></span> <span class=\"ls2f ws70\">million and $<span class=\"ls31 ws53\">24.1</span></span> <span class=\"ls2f ws75\">million of</span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws75\"> </span></span></td></tr><tr><td></td><td></td><td class=\"t m0 x28b h98 y2a12 ff53 fs39 fc2 sc0 ls2f ws70\">prepaid invoice<span class=\"_ _2\"></span>s for voyages<span class=\"_ _2\"></span> in<span class=\"ls1 ws0\"> </span>progress applicable <span class=\"_ _2\"></span>to periods<span class=\"_ _2\"></span> </td></tr><tr><td></td><td></td><td class=\"t m0 x28b h98 y2a13 ff53 fs39 fc2 sc0 ls30 ws52\">subseq<span class=\"_ _2\"></span>uent<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">to <span class=\"_ _1\"></span><span class=\"ls31 ws51\">November 30, <span class=\"ws53\">202<span class=\"ls1 ws0\">5 <span class=\"ls30 ws52\">and <span class=\"_ _1\"></span><span class=\"ls31 ws53\">2024<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">respec<span class=\"_ _2\"></span>tively.</span></span></span></span></span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls53 ws80\"><span class=\"ls31 ws51\"><span class=\"ws53\"><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ls31 ws53\"><span class=\"ls1 ws0\"><span class=\"ls2f ws4e\"><span class=\"ls1 ws0\"> </span></span></span></span></span></span></span></span></span></span></td></tr></table><table class=\"s w129 h106\" id=\"_97da092a-713f-4ae3-9b58-078baf3d2ad1\"><tr><td class=\"c x24b y2a14 w4d hae\"><div class=\"t m0 x1a6 ha9 y1d8f ff5a fs3a fcb sc0 ls1f ws90\">Critic<span class=\"_ _2\"></span>al account<span class=\"_ _2\"></span>ing <span class=\"ls2c ws91\">e<span class=\"_ _2\"></span>stimate</span><span class=\"ls2c ws91\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x28c y2a14 w4e hae\"><div class=\"t m0 x1a6 ha9 y1d8f ff5a fs3a fcb sc0 ls27 ws5b\">Source<span class=\"_ _2\"></span>s of <span class=\"_ _2\"></span><span class=\"ls20 ws5a\">account<span class=\"_ _2\"></span>ing ju<span class=\"_ _2\"></span>dgement o<span class=\"_ _2\"></span>r <span class=\"ls1f ws90\">estim<span class=\"_ _2\"></span>ation u<span class=\"_ _2\"></span>ncerta<span class=\"_ _2\"></span>inty</span></span><span class=\"ls20 ws5a\"><span class=\"ls1f ws90\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x28d y2a14 w4f hae\"><div class=\"t m0 x1a6 ha9 y1d8f ff5a fs3a fcb sc0 ls1f ws90\">Effect if<span class=\"_ _2\"></span> actu<span class=\"_ _2\"></span>al re<span class=\"_ _2\"></span>sults dif<span class=\"_ _2\"></span>fer fro<span class=\"_ _2\"></span>m <span class=\"_ _2\"></span>assumptio<span class=\"_ _2\"></span>ns<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"t m0 x28e ha6 y2a15 ff59 fs3c fcb sc0 ls4d ws7a\">Depre<span class=\"_ _2\"></span>ciation<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>resid<span class=\"_ _2\"></span>ual va<span class=\"_ _2\"></span>lues<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td></td><td></td></tr><tr><td class=\"c x24b y2a16 w4d haf\"><div class=\"t m0 x1a6 h98 y1d94 ff5b fs39 fc2 sc0 ls30 ws50\">Ships,<span class=\"_ _2\"></span> barg<span class=\"_ _2\"></span>es, <span class=\"_ _2\"></span>tank<span class=\"_ _2\"></span> conta<span class=\"_ _2\"></span>ine<span class=\"_ _2\"></span>rs and<span class=\"_ _2\"></span> term<span class=\"_ _2\"></span>inal<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> dep<span class=\"_ _2\"></span>recia<span class=\"_ _2\"></span>ted <span class=\"_ _2\"></span>on </div></td><td class=\"c x28c y2a16 w4e haf\"><div class=\"t m0 x1a6 h98 y1d94 ff5b fs39 fc2 sc0 ls30 ws50\">In orde<span class=\"_ _2\"></span>r to<span class=\"_ _2\"></span> ac<span class=\"_ _2\"></span>hieve<span class=\"_ _2\"></span> comp<span class=\"_ _2\"></span>onent<span class=\"_ _2\"></span> ac<span class=\"_ _2\"></span>counting<span class=\"_ _2\"></span>, t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup u<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28d y2a16 w4f haf\"><div class=\"t m0 x1a6 h98 y1d94 ff5b fs39 fc2 sc0 ls2f ws70\">If the estim<span class=\"_ _2\"></span>ated economic<span class=\"_ _2\"></span> useful life<span class=\"_ _2\"></span> and resid<span class=\"_ _2\"></span>ual value<span class=\"ls1 ws0\"> <span class=\"ls30 ws4f\">has to</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws4f\"><span class=\"_ _2\"></span> </span></span></div></td></tr><tr><td class=\"t m0 x28e h98 y2a17 ff5b fs39 fc2 sc0 ls30 ws50\">a str<span class=\"_ _2\"></span>aight<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">line basis over t<span class=\"_ _2\"></span>heir estimated<span class=\"_ _2\"></span> useful li<span class=\"_ _2\"></span>ves, after</span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"> </span></span></td><td class=\"t m0 x28f h98 y2a17 ff5b fs39 fc2 sc0 ls2f ws70\">the weighted <span class=\"_ _2\"></span>average useful ec<span class=\"_ _2\"></span>onomic <span class=\"_ _2\"></span>life of the <span class=\"_ _2\"></span>asset. <span class=\"ls48 ws72\">In</span><span class=\"ls48 ws72\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></td><td class=\"t m0 x290 h98 y2a17 ff5b fs39 fc2 sc0 ls2f ws70\">be reduced in<span class=\"_ _2\"></span> future peri<span class=\"_ _2\"></span>ods,<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">an im<span class=\"_ _2\"></span>pairme<span class=\"_ _2\"></span>nt l<span class=\"_ _2\"></span>oss o<span class=\"_ _2\"></span>r add<span class=\"_ _2\"></span>itio<span class=\"_ _2\"></span>nal</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"> </span></span></td></tr><tr><td class=\"t m0 x28e h98 y2a18 ff5b fs39 fc2 sc0 ls30 ws52\">reduci<span class=\"_ _2\"></span>ng<span class=\"ls1 ws0\"> </span><span class=\"ws50\">for t<span class=\"_ _2\"></span>he est<span class=\"_ _2\"></span>imate<span class=\"_ _2\"></span>d <span class=\"_ _2\"></span>resid<span class=\"_ _2\"></span>ual v<span class=\"_ _2\"></span>alue.</span><span class=\"ws50\"><span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></span></td><td class=\"t m0 x28f h98 y2a18 ff5b fs39 fc2 sc0 ls30 ws50\">the cas<span class=\"_ _2\"></span>e <span class=\"ls60 ws4f\">of<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">ships, estimated u<span class=\"_ _2\"></span>seful lives o<span class=\"_ _2\"></span>f the comp<span class=\"_ _2\"></span>onents of</span></span></span><span class=\"ls60 ws4f\"><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"><span class=\"_ _2\"></span> </span></span></span></td><td class=\"t m0 x290 h98 y2a18 ff5b fs39 fc2 sc0 ls2f ws70\">depreciation expe<span class=\"_ _2\"></span>nse could <span class=\"_ _2\"></span>result. <span class=\"ls1 ws0\"> </span></td></tr><tr><td class=\"t m0 x28e h98 y2a19 ff5b fs39 fc2 sc0 ls2f ws70\">Estimated useful<span class=\"_ _2\"></span> lives are b<span class=\"_ _2\"></span>ased on p<span class=\"_ _2\"></span>ast experience,<span class=\"_ _2\"></span> expected </td><td class=\"t m0 x28f h98 y2a1a ff5b fs39 fc2 sc0 ls2f ws70\">the ships ra<span class=\"_ _2\"></span>nge from an<span class=\"_ _2\"></span> estimated 25 t<span class=\"_ _2\"></span>o 3<span class=\"ls1 ws0\">3 <span class=\"_ _1\"></span><span class=\"ls30 ws50\">y<span class=\"_ _2\"></span>ears.<span class=\"_ _2\"></span> Howe<span class=\"_ _2\"></span>ver,</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"_ _2\"></span> </span></span></td><td class=\"t m0 x290 h98 y2a19 ff5b fs39 fc2 sc0 ls2f ws70\">A decrease i<span class=\"_ _2\"></span>n the useful li<span class=\"_ _2\"></span>fe of <span class=\"_ _2\"></span>the ship, ba<span class=\"_ _2\"></span>rge, terminal o<span class=\"_ _2\"></span>r tank </td></tr><tr><td class=\"t m0 x28e h98 y2a1b ff5b fs39 fc2 sc0 ls30 ws50\">future<span class=\"_ _2\"></span> per<span class=\"_ _2\"></span>form<span class=\"_ _2\"></span>ance <span class=\"_ _2\"></span>and<span class=\"ls1 ws0\"> </span><span class=\"ff5c\">manage<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>\u2019s e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ate of<span class=\"_ _2\"></span> the p<span class=\"_ _2\"></span>eriod</span><span class=\"ff5c\"><span class=\"_ _2\"></span> </span></td><td class=\"t m0 x28f h98 y2a1c ff5b fs39 fc2 sc0 ls30 ws50\">actual<span class=\"_ _2\"></span> live<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> compo<span class=\"_ _2\"></span>nent<span class=\"_ _2\"></span>s o<span class=\"_ _2\"></span>f <span class=\"ws52\">ship<span class=\"_ _2\"></span></span>s or<span class=\"_ _2\"></span> barg<span class=\"_ _2\"></span>es m<span class=\"_ _2\"></span>ay be<span class=\"_ _2\"></span> </td><td class=\"t m0 x290 h98 y2a1b ff5b fs39 fc2 sc0 ls30 ws52\">contai<span class=\"_ _2\"></span>ner <span class=\"ls60 ws4f\">or<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls57 ws86\">fall <span class=\"_ _3\"></span><span class=\"ls2f ws4e\">in<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">t<span class=\"_ _2\"></span>he re<span class=\"_ _2\"></span>sidu<span class=\"_ _2\"></span>al va<span class=\"_ _2\"></span>lue w<span class=\"_ _2\"></span>ould <span class=\"ws52\">h<span class=\"_ _2\"></span>ave<span class=\"ls1 ws0\"> <span class=\"ls2f ws75\">the effect</span></span></span></span></span></span></span></span></span><span class=\"ls60 ws4f\"><span class=\"ls1 ws0\"><span class=\"ls57 ws86\"><span class=\"ls2f ws4e\"><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"ws52\"><span class=\"ls1 ws0\"> </span></span></span></span></span></span></span></span></td></tr><tr><td class=\"t m0 x28e h98 y2a1d ff5b fs39 fc2 sc0 ls2f ws70\">over which<span class=\"ls1 ws0\"> </span>the asset wi<span class=\"_ _2\"></span>ll provide <span class=\"_ _2\"></span>economic benefit.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x28f h98 y2a1e ff5b fs39 fc2 sc0 ls30 ws50\">differe<span class=\"_ _2\"></span>nt d<span class=\"_ _2\"></span>epend<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> on ma<span class=\"_ _2\"></span>ny f<span class=\"_ _2\"></span>actor<span class=\"_ _2\"></span>s suc<span class=\"_ _2\"></span>h as<span class=\"_ _2\"></span> qual<span class=\"_ _2\"></span>ity o<span class=\"_ _2\"></span>f </td><td class=\"t m0 x290 h98 y2a1d ff5b fs39 fc2 sc0 ls4a ws76\">of<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">increasi<span class=\"_ _2\"></span>ng the<span class=\"_ _2\"></span> an<span class=\"_ _2\"></span>nual d<span class=\"_ _2\"></span>epre<span class=\"_ _2\"></span>ciati<span class=\"_ _2\"></span>on c<span class=\"_ _2\"></span>harge<span class=\"_ _2\"></span> and p<span class=\"_ _2\"></span>ote<span class=\"_ _2\"></span>ntial<span class=\"_ _2\"></span>ly</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"> </span></span></td></tr><tr><td></td><td class=\"t m0 x28f h98 y2a1f ff5b fs39 fc2 sc0 ls30 ws50\">maint<span class=\"_ _2\"></span>enance<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> repa<span class=\"_ _2\"></span>ir a<span class=\"_ _2\"></span>nd the<span class=\"_ _2\"></span> ty<span class=\"_ _2\"></span>pe of<span class=\"_ _2\"></span> prod<span class=\"_ _2\"></span>uct c<span class=\"_ _2\"></span>arrie<span class=\"_ _2\"></span>d by<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x290 h98 y2a20 ff5b fs39 fc2 sc0 ls30 ws50\">resulti<span class=\"_ _2\"></span>ng i<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> </span>an imp<span class=\"_ _2\"></span>airme<span class=\"_ _2\"></span>nt l<span class=\"_ _2\"></span>oss.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td></tr><tr><td class=\"t m0 x28e h98 y2a21 ff5b fs39 fc2 sc0 ls30 ws50\">For s<span class=\"_ _2\"></span>hips a<span class=\"_ _2\"></span>nd b<span class=\"_ _2\"></span>arge<span class=\"_ _2\"></span>s, re<span class=\"_ _2\"></span>sidual<span class=\"_ _2\"></span> va<span class=\"_ _2\"></span>lues<span class=\"_ _2\"></span> are e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> based<span class=\"_ _2\"></span> on<span class=\"_ _2\"></span> </td><td class=\"t m0 x28f h98 y2a22 ff5b fs39 fc2 sc0 ls47 ws82\">the s<span class=\"_ _1\"></span>hips or barge<span class=\"_ _1\"></span>s<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws52\">w<span class=\"_ _2\"></span>hich<span class=\"ls1 ws0\"> </span><span class=\"ws50\">may r<span class=\"_ _2\"></span>esul<span class=\"_ _2\"></span>t in <span class=\"_ _2\"></span><span class=\"ls1 ws0\">a <span class=\"_ _1\"></span><span class=\"ls30 ws50\">shor<span class=\"_ _2\"></span>ter o<span class=\"_ _2\"></span>r lo<span class=\"_ _2\"></span>nger</span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ws50\"><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span></span></td><td></td></tr><tr><td class=\"t m0 x28e h98 y2a23 ff5b fs39 fc2 sc0 ls2f ws70\">the steel p<span class=\"_ _2\"></span>rice, the es<span class=\"_ _2\"></span>timated ligh<span class=\"_ _2\"></span>t displacement<span class=\"_ _2\"></span> tonnage of<span class=\"_ _2\"></span> </td><td class=\"t m0 x28f h98 y2a24 ff5b fs39 fc2 sc0 ls2f ws4e\">life. <span class=\"ls30 ws52\">Future<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">useful<span class=\"_ _2\"></span> lives could be<span class=\"_ _2\"></span> reduc<span class=\"ls61 ws89\">ed<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">based<span class=\"_ _2\"></span></span> <span class=\"ls60 ws4f\">on<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">custom<span class=\"_ _2\"></span>er</span></span></span></span></span></span></span></span><span class=\"ls30 ws52\"><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"><span class=\"ls61 ws89\"><span class=\"ls1 ws0\"><span class=\"ls60 ws4f\"><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"> </span></span></span></span></span></span></span></span></td><td class=\"t m0 x290 h98 y2a23 ff5b fs39 fc2 sc0 ls30 ws50\">If the<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">steel price used i<span class=\"_ _2\"></span>n the</span> </span>resid<span class=\"_ _2\"></span>ual v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> <span class=\"ws52\">calc<span class=\"_ _2\"></span>ulati<span class=\"_ _2\"></span>on <span class=\"ls2f ws4e\">is</span></span><span class=\"ws52\"><span class=\"ls2f ws4e\"> </span></span></td></tr><tr><td class=\"t m0 x28e h98 y2a25 ff5b fs39 fc2 sc0 ls30 ws52\">the<span class=\"ls1 ws0\"> </span><span class=\"ws50\">fleet <span class=\"_ _2\"></span>and c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>nt t<span class=\"_ _2\"></span>rends <span class=\"_ _2\"></span>in t<span class=\"_ _2\"></span>he p<span class=\"_ _2\"></span>rice<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>recyc<span class=\"_ _2\"></span>ling o<span class=\"_ _2\"></span>f s<span class=\"_ _2\"></span>hips.<span class=\"_ _2\"></span> For</span><span class=\"ws50\"> </span></td><td class=\"t m0 x28f h98 y2a26 ff5b fs39 fc2 sc0 ls2f ws4e\">preferences,<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">new</span> </span><span class=\"ws75\">technological advances<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _3\"></span><span class=\"ls30 ws4f\">g<span class=\"_ _2\"></span>over<span class=\"_ _2\"></span>nment<span class=\"_ _2\"></span>al and</span></span></span><span class=\"ws75\"><span class=\"ls1 ws0\"><span class=\"ls30 ws4f\"><span class=\"_ _2\"></span> </span></span></span></td><td class=\"t m0 x290 h98 y2a25 ff5b fs39 fc2 sc0 ls53 ws80\">overesti<span class=\"_ _2\"></span>mated<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">by 10%<span class=\"ls30 ws50\">, this<span class=\"_ _2\"></span></span></span> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">wo<span class=\"_ _2\"></span>ul<span class=\"_ _2\"></span>d underst<span class=\"_ _2\"></span>ate<span class=\"ls1 ws0\"> </span><span class=\"ws4f\">the annu<span class=\"_ _2\"></span>al</span></span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ws4f\"> </span></span></span></td></tr><tr><td class=\"t m0 x28e h98 y2a27 ff5b fs39 fc2 sc0 ls30 ws50\">the m<span class=\"_ _2\"></span>ajori<span class=\"_ _2\"></span>ty of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> flee<span class=\"_ _2\"></span>t, the<span class=\"_ _2\"></span> s<span class=\"_ _2\"></span>teel p<span class=\"_ _2\"></span>rice<span class=\"_ _2\"></span> used<span class=\"_ _2\"></span> is <span class=\"_ _2\"></span>the a<span class=\"_ _2\"></span>verage<span class=\"_ _2\"></span> </td><td class=\"t m0 x28f h98 y2a28 ff5b fs39 fc2 sc0 ls30 ws52\">indust<span class=\"_ _2\"></span>ry<span class=\"ls1 ws0\"> </span>regul<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span><span class=\"ws50\">and the<span class=\"_ _2\"></span> <span class=\"ls2f ws4e\">effects<span class=\"ls1 ws0\"> </span></span>of cl<span class=\"_ _2\"></span>imate<span class=\"_ _2\"></span> c<span class=\"_ _2\"></span>hanges<span class=\"ls1 ws0\">.</span></span><span class=\"ws50\"><span class=\"ls1 ws0\"> </span></span></td><td class=\"t m0 x290 h98 y2a27 ff5b fs39 fc2 sc0 ls30 ws4f\">deprec<span class=\"_ _2\"></span>iatio<span class=\"_ _2\"></span>n and<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">o<span class=\"_ _2\"></span>verst<span class=\"_ _2\"></span>ate t<span class=\"_ _2\"></span>he v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he as<span class=\"_ _2\"></span>sets<span class=\"_ _2\"></span> <span class=\"ls4a ws74\">for S<span class=\"_ _2\"></span>TC by</span></span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"ls4a ws74\"><span class=\"_ _2\"></span> </span></span></span></td></tr><tr><td class=\"t m0 x28e h98 y2a29 ff5b fs39 fc2 sc0 ls2f ws4e\">steel<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">price fo<span class=\"_ _2\"></span>r th<span class=\"_ _2\"></span>e last<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>ree ye<span class=\"_ _2\"></span>ars. <span class=\"_ _2\"></span>For s<span class=\"_ _2\"></span>hips<span class=\"_ _2\"></span> </span></span>expected<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls4a ws74\">t<span class=\"_ _2\"></span>o be</span></span><span class=\"ls1 ws0\"><span class=\"ls4a ws74\"> </span></span></td><td class=\"t m0 x28f h98 y2a2a ff5b fs39 fc2 sc0 ls30 ws50\">In the<span class=\"_ _2\"></span> case<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> tank<span class=\"_ _2\"></span> conta<span class=\"_ _2\"></span>ine<span class=\"_ _2\"></span>rs,<span class=\"ls1 ws0\"> <span class=\"ls2f ws75\">the estimated useful life ranges</span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws75\"> </span></span></td><td class=\"t m0 x290 h98 y2a29 ff5b fs39 fc2 sc0 ls2f ws70\">$0.9 million <span class=\"_ _2\"></span>and for Ta<span class=\"_ _2\"></span>nkers by $<span class=\"_ _2\"></span><span class=\"ls31 ws53\">12.5<span class=\"ls1 ws0\"> </span></span><span class=\"ws4e\">million<span class=\"ls1 ws0\">.</span></span><span class=\"ws4e\"><span class=\"ls1 ws0\"> </span></span></td></tr><tr><td class=\"t m0 x28e h98 y2a2b ff5b fs39 fc2 sc0 ls2f ws70\">recycled in t<span class=\"_ _2\"></span>he next t<span class=\"_ _2\"></span>hree years, t<span class=\"_ _2\"></span>he steel price<span class=\"_ _2\"></span> at the p<span class=\"_ _2\"></span>revious </td><td class=\"t m0 x28f h98 y2a2c ff5b fs39 fc2 sc0 ls31 ws51\">between 10 <span class=\"ls30 ws52\">and<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">20 years, dep<span class=\"_ _2\"></span>ending on t<span class=\"_ _2\"></span>he supplier</span> <span class=\"ls4b ws77\">and<span class=\"_ _2\"></span></span> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">t<span class=\"_ _2\"></span>he</span></span></span><span class=\"ls30 ws52\"><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"> </span></span></span></td><td class=\"t m0 x290 h98 y2a2d ff5b fs39 fc2 sc0 ls2f ws70\">If the lives <span class=\"_ _2\"></span>of the deep<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls30 ws4f\">sea ships<span class=\"_ _2\"></span> is</span> </span>overestimated by 10<span class=\"_ _2\"></span>%, this </td></tr><tr><td class=\"t m0 x28e h98 y2a2e ff5b fs39 fc2 sc0 ls30 ws52\">year<span class=\"ls1 ws0\">-</span>end<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">date is u<span class=\"_ _2\"></span>sed.</span></span><span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x28f h98 y2a2f ff5b fs39 fc2 sc0 ls30 ws4f\">qualit<span class=\"_ _2\"></span>y of<span class=\"ls1 ws0\"> <span class=\"ls2f ws75\">steel used. </span></span><span class=\"ws50\">Term<span class=\"_ _2\"></span>inals<span class=\"_ _2\"></span> tanks<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> struc<span class=\"_ _2\"></span>tu<span class=\"_ _2\"></span>res h<span class=\"_ _2\"></span>ave li<span class=\"_ _2\"></span>ves</span><span class=\"ws50\"><span class=\"_ _2\"></span> </span></td><td class=\"t m0 x290 h98 y2a30 ff5b fs39 fc2 sc0 ls30 ws50\">would <span class=\"_ _2\"></span>under<span class=\"_ _2\"></span>state<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> annu<span class=\"_ _2\"></span>al d<span class=\"_ _2\"></span>epreci<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n and<span class=\"_ _2\"></span> over<span class=\"_ _2\"></span>state<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> </td></tr><tr><td class=\"t m0 x28e h98 y2a31 ff5b fs39 fc2 sc0 ls2f ws70\">The evaluation <span class=\"_ _2\"></span>of residual <span class=\"_ _2\"></span>values and e<span class=\"_ _2\"></span>stimated useful<span class=\"_ _2\"></span> lives fo<span class=\"_ _2\"></span>r </td><td class=\"t m0 x28f h98 y2a32 ff5b fs39 fc2 sc0 ls30 ws50\">up to 4<span class=\"_ _2\"></span>0 y<span class=\"_ _2\"></span>ears.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x290 h98 y2a31 ff5b fs39 fc2 sc0 ls30 ws50\">value <span class=\"_ _2\"></span>of the<span class=\"_ _2\"></span> as<span class=\"_ _2\"></span>sets <span class=\"_ _2\"></span>for T<span class=\"_ _2\"></span>anke<span class=\"_ _2\"></span>rs b<span class=\"_ _2\"></span>y $1<span class=\"_ _2\"></span>2.4 m<span class=\"_ _2\"></span>illi<span class=\"_ _2\"></span>on.<span class=\"ls1 ws0\"> </span></td></tr><tr><td class=\"t m0 x28e h98 y2a33 ff5b fs39 fc2 sc0 ls30 ws50\">tank co<span class=\"_ _2\"></span>ntai<span class=\"_ _2\"></span>ner<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">is based on the<span class=\"_ _2\"></span> steel price<span class=\"_ _2\"></span> of <span class=\"ws4e\">diffe<span class=\"_ _2\"></span>rent</span></span> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">g<span class=\"_ _2\"></span>rade<span class=\"_ _2\"></span>s</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"> </span></span></td><td class=\"t m0 x28f h98 y2a34 ff5b fs39 fc2 sc0 ls2f ws70\">Residual values<span class=\"_ _2\"></span> are diffic<span class=\"_ _2\"></span>ult to es<span class=\"_ _2\"></span>timate given<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">t<span class=\"_ _2\"></span>he long lives <span class=\"_ _2\"></span>of</span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"> </span></span></td><td class=\"t m0 x290 h98 y2a35 ff5b fs39 fc2 sc0 ls2f ws70\">See Note 14 fo<span class=\"_ _2\"></span>r further<span class=\"_ _2\"></span> details.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td></tr><tr><td class=\"t m0 x28e h98 y2a36 ff5b fs39 fc2 sc0 ls4a ws76\">of<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">steel.</span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws4e\"> </span> </span></td><td class=\"t m0 x28f h98 y2a37 ff5b fs39 fc2 sc0 ls30 ws50\">ships<span class=\"_ _2\"></span>, barge<span class=\"_ _2\"></span>s, t<span class=\"_ _2\"></span>ermi<span class=\"_ _2\"></span>nal<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span>and tank<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws4f\">containe<span class=\"_ _2\"></span>rs, the<span class=\"_ _2\"></span> unce<span class=\"_ _2\"></span>rtain<span class=\"_ _2\"></span>ty as</span><span class=\"ws4f\"> </span></td><td></td></tr><tr><td class=\"t m0 x28e h98 y2a38 ff5b fs39 fc2 sc0 ls30 ws50\">In the<span class=\"_ _2\"></span> case<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> term<span class=\"_ _2\"></span>inals<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> li<span class=\"_ _2\"></span>ves of<span class=\"_ _2\"></span> term<span class=\"_ _2\"></span>inals<span class=\"_ _2\"></span> ca<span class=\"_ _2\"></span>n rang<span class=\"_ _2\"></span>e up<span class=\"_ _2\"></span> to </td><td class=\"t m0 x28f h98 y2a39 ff5b fs39 fc2 sc0 ls53 ws80\">to<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">future economic</span> <span class=\"ls30 ws4f\">condit<span class=\"_ _2\"></span>ions<span class=\"_ _2\"></span> and the<span class=\"_ _2\"></span></span> <span class=\"ls30 ws52\">price <span class=\"ls4a ws76\">of</span></span> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">s<span class=\"_ _2\"></span>teel, which is</span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"><span class=\"_ _2\"></span> </span></span></td><td></td></tr><tr><td class=\"t m0 x28e h98 y2a3a ff5b fs39 fc2 sc0 ls30 ws50\">40 ye<span class=\"_ _2\"></span>ars and<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he pri<span class=\"_ _2\"></span>ces <span class=\"ls60 ws4f\">of<span class=\"ls1 ws0\"> </span></span>steel<span class=\"_ _2\"></span> and co<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ucti<span class=\"_ _2\"></span>on cos<span class=\"_ _2\"></span>ts c<span class=\"_ _2\"></span>an va<span class=\"_ _2\"></span>ry </td><td class=\"t m0 x28f h98 y2a3b ff5b fs39 fc2 sc0 ls30 ws50\">conside<span class=\"_ _2\"></span>red<span class=\"_ _2\"></span> as t<span class=\"_ _2\"></span>he m<span class=\"_ _2\"></span>ain de<span class=\"_ _2\"></span>termi<span class=\"_ _2\"></span>nant<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">the <span class=\"_ _2\"></span>residual p<span class=\"_ _2\"></span>rice.</span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"> <span class=\"ls1 ws0\"> </span></span></span></td><td></td></tr><tr><td class=\"c x291 y2a3f w12a h107\"><div class=\"t m0 x245 h98 y2a3c ff5b fs39 fc2 sc0 ls30 ws50\">across<span class=\"_ _2\"></span> diff<span class=\"_ _2\"></span>eren<span class=\"_ _2\"></span>t term<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>ls. I<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>here is<span class=\"_ _2\"></span> a m<span class=\"_ _2\"></span>ateri<span class=\"_ _2\"></span>al c<span class=\"_ _2\"></span>hange<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">in the<span class=\"_ _195\"> </span></span></span></div><div class=\"t m0 x245 h98 y2a3d ff5b fs39 fc2 sc0 ls2f ws75\">estimated life of the terminal or <span class=\"ls30 ws52\">pric<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> </span></span><span class=\"ws70\">of steel, then t<span class=\"_ _2\"></span>he<span class=\"_ _195\"> </span></span></div><div class=\"t m0 x245 h98 y2a3e ff5b fs39 fc2 sc0 ls2f ws70\">estimates are <span class=\"_ _2\"></span>revised.<span class=\"_ _195\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x291 y2a40 w12b h108\"><div class=\"t m0 x245 h98 y2a3d ff5b fs39 fc2 sc0 ls30 ws50\">Both e<span class=\"_ _2\"></span>stima<span class=\"_ _2\"></span>ted<span class=\"_ _2\"></span> useful<span class=\"_ _2\"></span> li<span class=\"_ _2\"></span>ves a<span class=\"_ _2\"></span>nd t<span class=\"_ _2\"></span>he re<span class=\"_ _2\"></span>sid<span class=\"_ _2\"></span>ual v<span class=\"_ _2\"></span>alues<span class=\"_ _2\"></span> are<span class=\"_ _195\"> </span></div><div class=\"t m0 x245 h98 y2a3e ff5b fs39 fc2 sc0 ls30 ws50\">evalua<span class=\"_ _2\"></span>ted <span class=\"_ _2\"></span>annual<span class=\"_ _2\"></span>ly, <span class=\"_ _2\"></span>and t<span class=\"_ _2\"></span>he e<span class=\"_ _2\"></span>ffec<span class=\"_ _2\"></span>t of<span class=\"ls1 ws0\"> </span>any<span class=\"_ _2\"></span> change<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> consi<span class=\"_ _2\"></span>dere<span class=\"_ _2\"></span>d<span class=\"_ _195\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x291 y2a41 w12c h108\"><div class=\"t m0 x245 h98 y2a3d ff5b fs39 fc2 sc0 ls30 ws4f\">as a revi<span class=\"_ _2\"></span>sion<span class=\"_ _2\"></span> of<span class=\"ls1 ws0\"> </span><span class=\"ws50\">accounti<span class=\"_ _2\"></span>ng e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ates, <span class=\"_ _2\"></span>and t<span class=\"_ _2\"></span>he <span class=\"ls2f ws4e\">effec<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\"> <span class=\"ls48 ws72\">is<span class=\"_ _195\"> </span></span></span></span></span></div><div class=\"t m0 x245 h98 y2a3e ff5b fs39 fc2 sc0 ls2f ws4e\">reflected<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">in the<span class=\"_ _2\"></span> fut<span class=\"_ _2\"></span>ure de<span class=\"_ _2\"></span>prec<span class=\"_ _2\"></span>iati<span class=\"_ _2\"></span>on c<span class=\"_ _2\"></span>harge.<span class=\"_ _195\"> </span></span></span></div></td><td></td><td></td></tr></table><table class=\"s w12d h109\" id=\"_b417bcab-2193-4aa5-9b56-5d2a1751e05d\"><tr><td class=\"c x286 y2a42 w4d hae\"><div class=\"t m0 x1a6 ha9 y1d8f ff60 fs3a fcb sc0 ls1f ws90\">Critic<span class=\"_ _2\"></span>al account<span class=\"_ _2\"></span>ing <span class=\"ls2c ws91\">e<span class=\"_ _2\"></span>stimate</span><span class=\"ls2c ws91\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x287 y2a42 w4e hae\"><div class=\"t m0 x1a6 ha9 y1d8f ff60 fs3a fcb sc0 ls27 ws5b\">Source<span class=\"_ _2\"></span>s of <span class=\"_ _2\"></span><span class=\"ls20 ws5a\">account<span class=\"_ _2\"></span>ing ju<span class=\"_ _2\"></span>dgement o<span class=\"_ _2\"></span>r <span class=\"ls1f ws90\">estim<span class=\"_ _2\"></span>ation u<span class=\"_ _2\"></span>ncerta<span class=\"_ _2\"></span>inty</span></span><span class=\"ls20 ws5a\"><span class=\"ls1f ws90\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td></td><td class=\"c x288 y2a42 w4f hae\"><div class=\"t m0 x1a6 ha9 y1d8f ff60 fs3a fcb sc0 ls1f ws90\">Effect if<span class=\"_ _2\"></span> actu<span class=\"_ _2\"></span>al re<span class=\"_ _2\"></span>sults dif<span class=\"_ _2\"></span>fer fro<span class=\"_ _2\"></span>m <span class=\"_ _2\"></span>assumptio<span class=\"_ _2\"></span>ns<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"t m0 x289 ha6 y2a43 ff5f fs3c fcb sc0 ls1 ws0\">I<span class=\"_ _1\"></span><span class=\"ls56 ws85\">mpa<span class=\"_ _2\"></span>irmen<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\"> <span class=\"ls62 ws88\">rev<span class=\"_ _1\"></span>iew</span></span></span><span class=\"ls56 ws85\"><span class=\"ls1 ws0\"><span class=\"ls62 ws88\"><span class=\"ls1 ws0\"> </span></span></span></span></td><td></td><td></td><td></td></tr><tr><td class=\"c x286 y2a44 w4d hb0\"><div class=\"t m0 x1a6 h98 y1dc6 ff61 fs39 fc2 sc0 ls2f ws70\">As of Novem<span class=\"_ _2\"></span>ber 30, 20<span class=\"_ _2\"></span><span class=\"ws75\">25, the Group reviewed possible</span><span class=\"ws75\"> </span></div></td><td class=\"c x287 y2a44 w4e hb0\"><div class=\"t m0 x1a6 h98 y1dc6 ff61 fs39 fc2 sc0 ls30 ws50\">Based<span class=\"_ _2\"></span> on m<span class=\"_ _2\"></span>anage<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> judgem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> and p<span class=\"_ _2\"></span>ast<span class=\"_ _2\"></span> expe<span class=\"_ _2\"></span>rience<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> </div></td><td></td><td class=\"c x288 y2a44 w50 hb0\"><div class=\"t m0 x1a6 h98 y1dc6 ff61 fs39 fc2 sc0 ls30 ws50\">If the<span class=\"_ _2\"></span> <span class=\"ws52\">ass<span class=\"_ _2\"></span>umpt<span class=\"_ _2\"></span>ions<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">applied in<span class=\"_ _2\"></span> determining <span class=\"_ _2\"></span>the recoverable</span></span></span><span class=\"ws52\"><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"> </span></span></span></div></td></tr><tr><td class=\"t m0 x289 h98 y2a45 ff61 fs39 fc2 sc0 ls2f ws70\">impairment t<span class=\"_ _2\"></span>riggers<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws52\">noti<span class=\"_ _2\"></span>ng<span class=\"ls1 ws0\"> </span>that<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>he <span class=\"ls57 ws86\">e<span class=\"_ _1\"></span>quity<span class=\"_ _1\"></span> <span class=\"ls30 ws4f\">of the<span class=\"ls1 ws0\"> </span><span class=\"ws50\">Group<span class=\"_ _2\"></span> was</span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ls57 ws86\"><span class=\"ls30 ws4f\"><span class=\"ws50\"><span class=\"_ _2\"></span> </span></span></span></span></span></td><td class=\"t m0 x28a h98 y2a45 ff61 fs39 fc2 sc0 ls2f ws4e\">following <span class=\"ls30 ws52\">material<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws50\">assump<span class=\"_ _2\"></span>tions<span class=\"_ _2\"></span> we<span class=\"_ _2\"></span>re used<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> VIU</span></span><span class=\"ls30 ws52\"><span class=\"ws50\"><span class=\"_ _2\"></span> </span></span></td><td></td><td class=\"t m0 x28b h98 y2a45 ff61 fs39 fc2 sc0 ls30 ws52\">amount<span class=\"_ _2\"></span> <span class=\"ws50\">of the <span class=\"_ _2\"></span>assets<span class=\"_ _2\"></span> </span>are<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws50\">incorre<span class=\"_ _2\"></span>ct o<span class=\"_ _2\"></span>r the<span class=\"_ _2\"></span> fact<span class=\"_ _2\"></span> pa<span class=\"_ _2\"></span>ttern<span class=\"_ _2\"></span> on w<span class=\"_ _2\"></span>hich</span><span class=\"ws50\"><span class=\"_ _2\"></span> </span></td></tr><tr><td class=\"t m0 x289 h98 y2a46 ff61 fs39 fc2 sc0 ls30 ws50\">more <span class=\"_ _2\"></span>than i<span class=\"_ _2\"></span>ts m<span class=\"_ _2\"></span>arke<span class=\"_ _2\"></span>t cap<span class=\"_ _2\"></span>italis<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on.<span class=\"_ _2\"></span> In <span class=\"_ _2\"></span>accord<span class=\"_ _2\"></span>ance w<span class=\"_ _2\"></span>ith<span class=\"_ _2\"></span> IAS 36<span class=\"_ _2\"></span>, </td><td class=\"t m0 x28a h98 y2a46 ff61 fs39 fc2 sc0 ls30 ws52\">calcul<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span>s:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td></td><td class=\"t m0 x28b h98 y2a46 ff61 fs39 fc2 sc0 ls30 ws50\">they a<span class=\"_ _2\"></span>re<span class=\"ls1 ws0\"> </span>based<span class=\"_ _2\"></span> chang<span class=\"_ _2\"></span>es,<span class=\"_ _2\"></span> this<span class=\"_ _2\"></span> cou<span class=\"_ _2\"></span>ld re<span class=\"_ _2\"></span>sult <span class=\"_ _2\"></span>in i<span class=\"_ _2\"></span>mpai<span class=\"_ _2\"></span>rmen<span class=\"_ _2\"></span>ts be<span class=\"_ _2\"></span>ing </td></tr><tr><td class=\"t m0 x289 h98 y2a47 ff61 fs39 fc2 sc0 ls2f ws70\">Impairment of<span class=\"_ _2\"></span> Assets, t<span class=\"_ _2\"></span>his is a t<span class=\"_ _2\"></span>rigger<span class=\"ls1 ws0\"> <span class=\"ls53 ws7d\">to review<span class=\"_ _2\"></span></span> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">f<span class=\"_ _2\"></span>or im<span class=\"_ _2\"></span>pairm<span class=\"_ _2\"></span>ent<span class=\"ls50 ws7d\">.</span></span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"ls50 ws7d\"> </span></span></span></td><td class=\"c n x292 y2a49 w12e h103\"><div class=\"t m0 x245 h98 y2a48 ff63 fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2a4b w12f h10a\"><div class=\"t m0 x245 h98 y2a4a ff61 fs39 fc2 sc0 ls30 ws50\">For Tanke<span class=\"_ _2\"></span>rs, <span class=\"_ _2\"></span>assum<span class=\"_ _2\"></span>pti<span class=\"_ _2\"></span>ons<span class=\"ls1 ws0\"> <span class=\"ls4a ws76\">of</span> <span class=\"ls2f ws70\">time charter eq<span class=\"_ _2\"></span>uivalent </span>(<span class=\"ls2f ws4e\">TCE</span>)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x28b h98 y2a47 ff61 fs39 fc2 sc0 ls2f ws75\">reflected in the Consolidated Fin<span class=\"_ _2\"></span>ancial Statements.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td></tr><tr><td class=\"t m0 x289 h98 y2a4c ff61 fs39 fc2 sc0 ls30 ws50\">As suc<span class=\"_ _2\"></span>h,<span class=\"ls1 ws0\"> </span><span class=\"ws52\">the<span class=\"ls1 ws0\"> </span></span>Group<span class=\"_ _2\"></span> has<span class=\"_ _2\"></span> perf<span class=\"_ _2\"></span>orme<span class=\"_ _2\"></span>d an <span class=\"_ _2\"></span>assessm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> to d<span class=\"_ _2\"></span>eterm<span class=\"_ _2\"></span>ine </td><td class=\"t m0 x294 h98 y2a4d ff61 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">per ope<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ng d<span class=\"_ _2\"></span>ay<span class=\"ls1 ws0\"> (<span class=\"_ _1\"></span><span class=\"ls30 ws50\">a<span class=\"_ _2\"></span> prof<span class=\"_ _2\"></span>it me<span class=\"_ _2\"></span>asure<span class=\"_ _2\"></span> of op<span class=\"_ _2\"></span>era<span class=\"_ _2\"></span>ting r<span class=\"_ _2\"></span>eve<span class=\"_ _2\"></span>nue le<span class=\"_ _2\"></span>ss</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"> </span></span></td><td class=\"t m0 x28b h98 y2a4e ff61 fs39 fc2 sc0 ls30 ws50\">Based<span class=\"_ _2\"></span> on im<span class=\"_ _2\"></span>pairm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> work<span class=\"_ _2\"></span> pe<span class=\"_ _2\"></span>rforme<span class=\"_ _2\"></span>d,<span class=\"ls1 ws0\"> <span class=\"ls4a ws76\">no <span class=\"_ _1\"></span><span class=\"ls2f ws70\">pl<span class=\"_ _2\"></span>ausible movemen<span class=\"_ _2\"></span>t</span></span></span><span class=\"ls1 ws0\"><span class=\"ls4a ws76\"><span class=\"ls2f ws70\"> </span></span></span></td></tr><tr><td class=\"t m0 x289 h98 y2a4f ff61 fs39 fc2 sc0 ls30 ws50\">its re<span class=\"_ _2\"></span>cover<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span> amo<span class=\"_ _2\"></span>unt.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws4f\">In<span class=\"_ _2\"></span> additi<span class=\"_ _2\"></span>on, in Te<span class=\"_ _2\"></span>rmi<span class=\"_ _2\"></span>nals, t<span class=\"_ _2\"></span>he Austr<span class=\"_ _2\"></span>alia</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws4f\"> </span></span></td><td class=\"t m0 x294 h98 y2a50 ff61 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">variabl<span class=\"_ _2\"></span>e v<span class=\"_ _2\"></span>oyage<span class=\"_ _2\"></span> expe<span class=\"_ _2\"></span>nses<span class=\"ls1 ws0\">, </span>includi<span class=\"_ _2\"></span>ng b<span class=\"_ _2\"></span>unker c<span class=\"_ _2\"></span>os<span class=\"_ _2\"></span>ts<span class=\"ls1 ws0\">) <span class=\"_ _1\"></span><span class=\"ls2f ws70\">on exist<span class=\"_ _2\"></span>ing</span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"> </span></span></td><td class=\"t m0 x28b h98 y2a51 ff61 fs39 fc2 sc0 ls2f ws70\">of material a<span class=\"_ _2\"></span>ssumptions would<span class=\"_ _2\"></span> lead to<span class=\"_ _2\"></span> <span class=\"ls30 ws52\">imp<span class=\"_ _2\"></span>airme<span class=\"_ _2\"></span>nt <span class=\"ws50\">for Ta<span class=\"_ _2\"></span>nkers</span></span><span class=\"ls30 ws52\"><span class=\"ws50\"><span class=\"_ _2\"></span> </span></span></td></tr><tr><td class=\"t m0 x289 h98 y2a52 ff61 fs39 fc2 sc0 ls30 ws52\">termi<span class=\"_ _2\"></span>nal <span class=\"ls48 ws72\">cash<span class=\"ls1 ws0\">-</span></span>generat<span class=\"_ _2\"></span>ing unit<span class=\"_ _2\"></span><span class=\"ff62 ls49 ws78\">\u2019s</span><span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">(CGU<span class=\"_ _2\"></span>)</span> </span>results<span class=\"_ _2\"></span> <span class=\"ls2f ws70\">remained lower<span class=\"ls1 ws0\"> </span></span></td><td class=\"t m0 x294 h98 y2a53 ff61 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">and fu<span class=\"_ _2\"></span>ture<span class=\"_ _2\"></span> con<span class=\"_ _2\"></span>tract<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>spo<span class=\"_ _2\"></span>t mark<span class=\"_ _2\"></span>et<span class=\"ls59 ws95\">, </span>duri<span class=\"_ _2\"></span>ng the<span class=\"_ _2\"></span> pro<span class=\"_ _2\"></span>ject </td><td class=\"t m0 x28b h98 y2a54 ff61 fs39 fc2 sc0 ls30 ws4f\">and Ave<span class=\"_ _2\"></span>nir (usi<span class=\"_ _2\"></span>ng FVL<span class=\"_ _2\"></span>CTS)<span class=\"_ _2\"></span> or STC o<span class=\"_ _2\"></span>r SSF (using<span class=\"_ _2\"></span> VI<span class=\"_ _2\"></span>U). For the<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td></tr><tr><td class=\"c x246 y2a56 w130 h10b\"><div class=\"t m0 x245 h98 y2a55 ff61 fs39 fc2 sc0 ls47 ws71\">than <span class=\"_ _3\"></span><span class=\"ff62 ls30 ws52\">m<span class=\"_ _2\"></span>anagem<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span>\u2019<span class=\"ff61 ls1 ws0\"> </span><span class=\"ff61\">projec<span class=\"_ _2\"></span>tions<span class=\"_ _2\"></span><span class=\"ls2f ws70\">, which<span class=\"_ _2\"></span> is also a<span class=\"_ _2\"></span> trigger fo<span class=\"_ _2\"></span>r<span class=\"_ _195\"> </span></span></span></span></div><div class=\"t m0 x245 h98 y2a4a ff61 fs39 fc2 sc0 ls30 ws52\">that<span class=\"ls1 ws0\"> <span class=\"ls4f ws7c\">CGU</span>.<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x294 h98 y2a57 ff61 fs39 fc2 sc0 ls2f ws70\" colspan=\"2\">period from 202<span class=\"_ _2\"></span><span class=\"ls1 ws0\">6 <span class=\"_ _1\"></span><span class=\"ls53 ws32\">to 2<span class=\"_ _2\"></span>0<span class=\"ls31 ws53\">30<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">for the deep</span>-<span class=\"ls2f ws70\">sea fleet (ad<span class=\"_ _2\"></span>justed for</span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls53 ws32\"><span class=\"ls31 ws53\"><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"> </span></span></span></span></span></td><td class=\"t m0 x28b h98 y2a58 ff61 fs39 fc2 sc0 ls1 ws0\">T<span class=\"ls30 ws52\">erminal<span class=\"ls2f ws70\">s<span class=\"_ _2\"></span>, though, limi<span class=\"_ _2\"></span>ted headroom wa<span class=\"_ _2\"></span>s identified<span class=\"_ _2\"></span> at the</span></span><span class=\"ls30 ws52\"><span class=\"ls2f ws70\"> </span></span></td></tr><tr><td></td><td class=\"t m0 x294 h98 y2a59 ff61 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">capacit<span class=\"_ _2\"></span>y ch<span class=\"_ _2\"></span>ange<span class=\"_ _2\"></span>s) i<span class=\"_ _2\"></span>s an a<span class=\"_ _2\"></span>verag<span class=\"_ _2\"></span>e <span class=\"ls2f ws4e\">in</span>cre<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span> of <span class=\"ls48 ws72\">1.2<span class=\"_ _2\"></span>%<span class=\"ls1 ws0\"> <span class=\"ls4b ws77\">and</span> <span class=\"ls2f ws75\">for the</span></span></span><span class=\"ls48 ws72\"><span class=\"ls1 ws0\"><span class=\"ls2f ws75\"> </span></span></span></td><td class=\"t m0 x28b h98 y2a5a ff61 fs39 fc2 sc0 ls30 ws50\">Austr<span class=\"_ _2\"></span>alia te<span class=\"_ _2\"></span>rmi<span class=\"_ _2\"></span>nal C<span class=\"_ _2\"></span>GU.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td></tr><tr><td class=\"t m0 x289 h98 y2a5b ff61 fs39 fc2 sc0 ls30 ws4f\">To asse<span class=\"_ _2\"></span>ss imp<span class=\"_ _2\"></span>airme<span class=\"_ _2\"></span>nt, <span class=\"ws52\">man<span class=\"_ _2\"></span>agem<span class=\"_ _2\"></span>ent<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">used projectio<span class=\"_ _2\"></span>ns in the</span></span></span><span class=\"ws52\"><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"> </span></span></span></td><td class=\"t m0 x294 h98 y2a5c ff61 fs39 fc2 sc0 ls1 ws0\" colspan=\"2\">r<span class=\"_ _1\"></span><span class=\"ls2f ws70\">egio<span class=\"_ _2\"></span>nal fleets is<span class=\"_ _2\"></span> <span class=\"ls48 ws72\">0.8%. <span class=\"ls61 ws96\">In addition<span class=\"ls59 ws95\">, </span></span></span>it is ass<span class=\"_ _2\"></span>umed that <span class=\"ls1 ws0\">t</span><span class=\"ws4e\">he</span></span><span class=\"ls2f ws70\"><span class=\"ws4e\"> </span></span></td><td class=\"t m0 x28b h98 y2a5d ff61 fs39 fc2 sc0 ls30 ws50\">For t<span class=\"_ _2\"></span>he Au<span class=\"_ _2\"></span>strali<span class=\"_ _2\"></span>a te<span class=\"_ _2\"></span>rmin<span class=\"_ _2\"></span>al C<span class=\"_ _2\"></span>GU, a<span class=\"_ _2\"></span> perma<span class=\"_ _2\"></span>nent<span class=\"_ _2\"></span> red<span class=\"_ _2\"></span>uction<span class=\"_ _2\"></span> in g<span class=\"_ _2\"></span>ros<span class=\"_ _2\"></span>s </td></tr><tr><td class=\"t m0 x289 h98 y2a5e ff61 fs39 fc2 sc0 ls30 ws50\">appro<span class=\"_ _2\"></span>ved b<span class=\"_ _2\"></span>udget<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>five<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">ye<span class=\"_ _2\"></span>ar p<span class=\"_ _2\"></span>lan<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>a long<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span>term g<span class=\"_ _2\"></span>rowth<span class=\"_ _2\"></span> rate</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"_ _2\"></span> </span></span></td><td class=\"t m0 x294 h98 y2a5f ff61 fs39 fc2 sc0 ls2f ws70\" colspan=\"2\">percentage of COA<span class=\"_ _2\"></span> to sp<span class=\"_ _2\"></span>ot <span class=\"ls53 ws80\">volu<span class=\"_ _2\"></span>me <span class=\"ls30 ws50\">does n<span class=\"_ _2\"></span>ot ch<span class=\"_ _2\"></span>ange</span></span><span class=\"ls53 ws80\"><span class=\"ls30 ws50\"><span class=\"_ _2\"></span> </span></span></td><td class=\"t m0 x28b h98 y2a60 ff61 fs39 fc2 sc0 ls30 ws50\">margi<span class=\"_ _2\"></span>n gre<span class=\"_ _2\"></span>ater<span class=\"_ _2\"></span> than 4<span class=\"_ _2\"></span>.0%<span class=\"_ _2\"></span> woul<span class=\"_ _2\"></span>d resu<span class=\"_ _2\"></span>lt i<span class=\"_ _2\"></span>n an<span class=\"_ _2\"></span> imp<span class=\"_ _2\"></span>airme<span class=\"_ _2\"></span>nt o<span class=\"_ _2\"></span>f the<span class=\"_ _2\"></span> </td></tr><tr><td class=\"t m0 x289 h98 y2a61 ff61 fs39 fc2 sc0 ls30 ws50\">after <span class=\"_ _2\"></span>the f<span class=\"_ _2\"></span>ive<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">year plan period</span> </span>as the<span class=\"_ _2\"></span> basi<span class=\"_ _2\"></span>s f<span class=\"_ _2\"></span>or the<span class=\"_ _2\"></span> cas<span class=\"_ _2\"></span>h fl<span class=\"_ _2\"></span>ows </td><td class=\"t m0 x294 h98 y2a62 ff61 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">mater<span class=\"_ _2\"></span>ially<span class=\"_ _2\"></span> from<span class=\"_ _2\"></span> cur<span class=\"_ _2\"></span>rent<span class=\"_ _2\"></span> proje<span class=\"_ _2\"></span>ctio<span class=\"_ _2\"></span>ns and<span class=\"_ _2\"></span> COA<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>ts a<span class=\"_ _2\"></span>re </td><td class=\"t m0 x28b h98 y2a63 ff61 fs39 fc2 sc0 ls30 ws4f\">Austr<span class=\"_ _2\"></span>alian te<span class=\"_ _2\"></span>rmi<span class=\"_ _2\"></span>nals.<span class=\"_ _2\"></span> <span class=\"ls2f ws4e\">Alternately, <span class=\"ls1 ws0\">a<span class=\"_ _1\"></span> <span class=\"ls30 ws50\">perman<span class=\"_ _2\"></span>ent <span class=\"_ _2\"></span>reduc<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n in</span></span></span><span class=\"ls2f ws4e\"><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"> </span></span></span></td></tr><tr><td class=\"t m0 x289 h98 y2a64 ff61 fs39 fc2 sc0 ls30 ws50\">used<span class=\"_ _2\"></span> to calc<span class=\"_ _2\"></span>ul<span class=\"_ _2\"></span>ate t<span class=\"_ _2\"></span>he val<span class=\"_ _2\"></span>ue<span class=\"_ _2\"></span> in u<span class=\"_ _2\"></span>se (<span class=\"ls48 ws72\">V<span class=\"_ _2\"></span>IU<span class=\"ls1 ws0\">).<span class=\"_ _1\"></span> </span></span></td><td class=\"t m0 x294 h98 y2a65 ff61 fs39 fc2 sc0 ls2f ws70\" colspan=\"2\">renegotiated s<span class=\"_ _2\"></span>uccessfully. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x28b h98 y2a66 ff61 fs39 fc2 sc0 ls2f ws70\">utilisation g<span class=\"_ _2\"></span>reate<span class=\"ls47 ws82\">r than <span class=\"ls31 ws53\">4.0%<span class=\"ls30 ws50\">% would<span class=\"_ _2\"></span> re<span class=\"_ _2\"></span>sult<span class=\"ls1 ws0\"> </span>in a<span class=\"_ _2\"></span>n impa<span class=\"_ _2\"></span>irme<span class=\"_ _2\"></span>nt of</span></span></span><span class=\"ls47 ws82\"><span class=\"ls31 ws53\"><span class=\"ls30 ws50\"><span class=\"_ _2\"></span> </span></span></span></td></tr><tr><td class=\"t m0 x289 h98 y2a67 ff61 fs39 fc2 sc0 ls30 ws4f\">Calcul<span class=\"_ _2\"></span>ating<span class=\"_ _2\"></span> the net<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws50\">present <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> the f<span class=\"_ _2\"></span>utur<span class=\"_ _2\"></span>e c<span class=\"_ _2\"></span>ash fl<span class=\"_ _2\"></span>ows</span><span class=\"ws50\"> </span></td><td class=\"c n x292 y2a68 w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff63 fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2a69 w131 h10d\"><div class=\"t m0 x245 h98 y2a4a ff61 fs39 fc2 sc0 ls30 ws50\">For Term<span class=\"_ _2\"></span>inals<span class=\"_ _2\"></span>, <span class=\"ws4f\">as<span class=\"_ _2\"></span>sumpti<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span> on utili<span class=\"_ _2\"></span>sati<span class=\"_ _2\"></span>on and<span class=\"_ _2\"></span> <span class=\"ls47 ws71\">marg<span class=\"_ _1\"></span>ins<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">we<span class=\"_ _2\"></span>re<span class=\"_ _195\"> </span></span></span></span></span></div></td><td class=\"t m0 x28b h98 y2a6a ff61 fs39 fc2 sc0 ls30 ws50\">the Au<span class=\"_ _2\"></span>strali<span class=\"_ _2\"></span>an t<span class=\"_ _2\"></span>ermi<span class=\"_ _2\"></span>nals<span class=\"_ _2\"></span>. A<span class=\"ls1 ws0\"> <span class=\"ls48 ws72\">1.0%</span> </span>incre<span class=\"_ _2\"></span>ase i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he WACC<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span> </td></tr><tr><td class=\"t m0 x289 h98 y2a6b ff61 fs39 fc2 sc0 ls30 ws52\">require<span class=\"_ _2\"></span>s <span class=\"ls53 ws80\">estima<span class=\"_ _2\"></span>te</span><span class=\"ws50\">s to<span class=\"_ _2\"></span> be<span class=\"_ _2\"></span> made<span class=\"_ _2\"></span> in re<span class=\"_ _2\"></span>spec<span class=\"_ _2\"></span>t of<span class=\"_ _2\"></span> hig<span class=\"_ _2\"></span>hly unc<span class=\"_ _2\"></span>ert<span class=\"_ _2\"></span>ain</span><span class=\"ws50\"> </span></td><td class=\"t m0 x294 h98 y2a6c ff61 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">based <span class=\"_ _2\"></span>on cu<span class=\"_ _2\"></span>rren<span class=\"_ _2\"></span>t co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>ts, p<span class=\"_ _2\"></span>ast<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>erienc<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> </span>and tre<span class=\"_ _2\"></span>nds<span class=\"_ _2\"></span> in </td><td class=\"t m0 x28b h98 y2a6d ff61 fs39 fc2 sc0 ls30 ws50\">would <span class=\"_ _2\"></span>resul<span class=\"_ _2\"></span>t i<span class=\"_ _2\"></span>n a $17<span class=\"_ _2\"></span>.0 m<span class=\"_ _2\"></span>illi<span class=\"_ _2\"></span>on im<span class=\"_ _2\"></span>pai<span class=\"_ _2\"></span>rment.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td></tr><tr><td class=\"t m0 x289 h98 y2a6e ff61 fs39 fc2 sc0 ls30 ws4f\">matte<span class=\"_ _2\"></span>rs, incl<span class=\"_ _2\"></span>uding<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ff62 ws50\">manageme<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span>\u2019s exp<span class=\"_ _2\"></span>ectat<span class=\"_ _2\"></span>ions<span class=\"_ _2\"></span> of</span><span class=\"ls1 ws0\"> f</span><span class=\"ws52\">uture</span><span class=\"ws52\"> </span></td><td class=\"t m0 x294 h98 y2a6f ff61 fs39 fc2 sc0 ls30 ws52\" colspan=\"2\">indust<span class=\"_ _2\"></span>rial<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>pr<span class=\"_ _2\"></span>oduc<span class=\"_ _2\"></span>tion.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x28b h98 y2a70 ff61 fs39 fc2 sc0 ls2f ws70\">The financial<span class=\"_ _2\"></span> effects of <span class=\"_ _2\"></span>the Group<span class=\"_ _2\"></span>'s material fina<span class=\"_ _2\"></span>ncial risks a<span class=\"_ _2\"></span>nd </td></tr><tr><td class=\"t m0 x289 h98 y2a71 ff61 fs39 fc2 sc0 ls30 ws52\">growt<span class=\"_ _2\"></span>h<span class=\"ls1 ws0\"> </span>rates<span class=\"ls1 ws0\">.</span><span class=\"ls1 ws0\">  </span></td><td class=\"c n x292 y2a72 w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff63 fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2a73 w132 h10d\"><div class=\"t m0 x245 h98 y2a4a ff61 fs39 fc2 sc0 ls46 ws71\">For STC<span class=\"_ _2\"></span>, <span class=\"ls30 ws50\">assum<span class=\"_ _2\"></span>ptio<span class=\"_ _2\"></span>ns of<span class=\"_ _2\"></span> fut<span class=\"_ _2\"></span>ure <span class=\"_ _2\"></span>escal<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n of<span class=\"_ _2\"></span> price<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x28b h98 y2a74 ff61 fs39 fc2 sc0 ls2f ws70\">opportunities <span class=\"_ _2\"></span>related to clim<span class=\"_ _2\"></span>ate cha<span class=\"_ _2\"></span>nge mitigation <span class=\"_ _2\"></span>and climate </td></tr><tr><td class=\"t m0 x289 h98 y2a75 ff61 fs39 fc2 sc0 ls2f ws70\">See Note 16 fo<span class=\"_ _2\"></span>r further<span class=\"_ _2\"></span> discussion o<span class=\"_ _2\"></span>f the imp<span class=\"_ _2\"></span>airment tes<span class=\"_ _2\"></span>ting </td><td class=\"t m0 x294 h98 y2a76 ff61 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">and co<span class=\"_ _2\"></span>st i<span class=\"_ _2\"></span>ncrease<span class=\"_ _2\"></span>s <span class=\"ls5d ws92\">were <span class=\"_ _1\"></span><span class=\"ls30 ws50\">obt<span class=\"_ _2\"></span>ained<span class=\"_ _2\"></span> from<span class=\"_ _2\"></span> shipp<span class=\"_ _2\"></span>ing a<span class=\"_ _2\"></span>nd</span></span><span class=\"ls5d ws92\"><span class=\"ls30 ws50\"> </span></span></td><td class=\"t m0 x28b h98 y2a77 ff61 fs39 fc2 sc0 ls30 ws50\">change<span class=\"_ _2\"></span> adapt<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on o<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span>'s f<span class=\"_ _2\"></span>uture<span class=\"_ _2\"></span> ca<span class=\"_ _2\"></span>sh flow<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> valu<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\">-<span class=\"_ _195\"> </span></span></td></tr><tr><td class=\"t m0 x289 h98 y2a78 ff61 fs39 fc2 sc0 ls30 ws50\">that w<span class=\"_ _2\"></span>as p<span class=\"_ _2\"></span>erform<span class=\"_ _2\"></span>ed.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x294 h98 y2a79 ff61 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">transp<span class=\"_ _2\"></span>orta<span class=\"_ _2\"></span>tion c<span class=\"_ _2\"></span>arri<span class=\"_ _2\"></span>ers.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x28b h98 y2a7a ff61 fs39 fc2 sc0 ls2f ws4e\">in<span class=\"ls1 ws0\">-</span><span class=\"ws70\">u<span class=\"_ _1\"></span>se<span class=\"_ _2\"></span> calculation<span class=\"_ _2\"></span> have been <span class=\"_ _2\"></span>assessed as being<span class=\"_ _2\"></span> immaterial.</span><span class=\"ws70\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></td></tr><tr><td></td><td class=\"c n x292 y2a7b w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff63 fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2a7c w133 h10e\"><div class=\"t m0 x245 h98 y2a3e ff61 fs39 fc2 sc0 ls4b ws77\">Pre<span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">tax disc<span class=\"_ _2\"></span>oun<span class=\"_ _2\"></span>t rate<span class=\"_ _2\"></span>s r<span class=\"_ _2\"></span>ang</span>e <span class=\"_ _1\"></span><span class=\"ls30 ws52\">f<span class=\"_ _2\"></span>rom<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">7.0% to 10.8%<span class=\"ls59 ws95\">, <span class=\"_ _1\"></span><span class=\"ls47 ws0\">based on<span class=\"_ _195\"> </span></span></span></span></span></span></span></div></td><td></td></tr><tr><td></td><td class=\"t m0 x294 h98 y2a7d ff61 fs39 fc2 sc0 ls2f ws70\" colspan=\"2\">the weighted <span class=\"_ _2\"></span>average cost<span class=\"_ _2\"></span> of capital (<span class=\"_ _2\"></span>WACC), which <span class=\"_ _2\"></span>reflects </td><td></td></tr><tr><td></td><td class=\"t m0 x294 h98 y2a7e ff61 fs39 fc2 sc0 ls2f ws75\" colspan=\"2\">specific risks relating to CGUs. <span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"c n x292 y2a7f w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff63 fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2a80 w134 h10e\"><div class=\"t m0 x245 h98 y2a3e ff61 fs39 fc2 sc0 ls30 ws50\">Future g<span class=\"_ _2\"></span>rowt<span class=\"_ _2\"></span>h rate<span class=\"_ _2\"></span>s <span class=\"ls2f ws4e\">were </span>base<span class=\"_ _2\"></span>d <span class=\"_ _2\"></span>on tre<span class=\"_ _2\"></span>nds i<span class=\"_ _2\"></span>n ind<span class=\"_ _2\"></span>ust<span class=\"_ _2\"></span>rial<span class=\"_ _195\"> </span></div></td><td></td></tr><tr><td></td><td class=\"t m0 x294 h98 y2a81 ff61 fs39 fc2 sc0 ls30 ws52\" colspan=\"2\">produc<span class=\"_ _2\"></span>tion<span class=\"ls1 ws0\"> </span><span class=\"ws50\">and<span class=\"_ _2\"></span> supp<span class=\"_ _2\"></span>ly<span class=\"ls1 ws0\">-</span>demand<span class=\"_ _2\"></span> bala<span class=\"_ _2\"></span>nce i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> ma<span class=\"_ _2\"></span>rkets<span class=\"_ _2\"></span><span class=\"ls1 ws0\">. <span class=\"_ _1\"></span><span class=\"ls4a ws76\">For</span></span></span><span class=\"ws50\"><span class=\"ls1 ws0\"><span class=\"ls4a ws76\"> </span></span></span></td><td></td></tr><tr><td></td><td class=\"t m0 x294 h98 y2a82 ff61 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">Tanke<span class=\"_ _2\"></span>rs, af<span class=\"_ _2\"></span>ter<span class=\"_ _2\"></span> adju<span class=\"_ _2\"></span>stmen<span class=\"_ _2\"></span>t of<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span>s <span class=\"ls53 ws80\">over<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>two ye<span class=\"_ _2\"></span>ars to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> long<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _195\"> </span></span></td><td></td></tr><tr><td></td><td class=\"t m0 x294 h98 y2a83 ff61 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">term <span class=\"_ _2\"></span>aver<span class=\"_ _2\"></span>age TCE<span class=\"_ _2\"></span>, th<span class=\"_ _2\"></span>e g<span class=\"_ _2\"></span>rowth <span class=\"_ _2\"></span>rate i<span class=\"_ _2\"></span>s 2.0<span class=\"_ _2\"></span>%. F<span class=\"_ _2\"></span>or al<span class=\"_ _2\"></span>l ot<span class=\"_ _2\"></span>her<span class=\"_ _2\"></span> CGUs<span class=\"_ _2\"></span>, </td><td></td></tr><tr><td></td><td class=\"t m0 x294 h98 y2a84 ff61 fs39 fc2 sc0 ls1 ws0\" colspan=\"2\">t<span class=\"_ _1\"></span><span class=\"ls30 ws50\">he<span class=\"_ _2\"></span> grow<span class=\"_ _2\"></span>th<span class=\"ls1 ws0\"> </span>rate <span class=\"_ _2\"></span>used b<span class=\"_ _2\"></span>eyond<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> proje<span class=\"_ _2\"></span>ctio<span class=\"_ _2\"></span>n pe<span class=\"_ _2\"></span>riod<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">is<span class=\"_ _2\"></span> 2<span class=\"ls4c ws79\">.0<span class=\"ls46 ws6f\">%,</span></span></span></span></span><span class=\"ls30 ws50\"><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"><span class=\"ls4c ws79\"><span class=\"ls46 ws6f\"><span class=\"_ _2\"></span> </span></span></span></span></span></td><td></td></tr><tr><td></td><td class=\"t m0 x294 h98 y2a85 ff61 fs39 fc2 sc0 ls2f ws70\" colspan=\"2\">which does not<span class=\"_ _2\"></span> exceed the lo<span class=\"_ _2\"></span>ng<span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">term <span class=\"_ _2\"></span>aver<span class=\"_ _2\"></span>age i<span class=\"_ _2\"></span>nflati<span class=\"_ _2\"></span>on r<span class=\"_ _2\"></span>ate</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"> </span></span></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x294 h98 y2a86 ff61 fs39 fc2 sc0 ls2f ws70\">for the <span class=\"ls4b ws77\">C<span class=\"_ _2\"></span>GUs<span class=\"ls1 ws0\">.</span></span><span class=\"ls4b ws77\"><span class=\"ls1 ws0\"> </span></span></td><td></td></tr><tr><td></td><td class=\"t m0 x28a h98 y2a87 ff61 fs39 fc2 sc0 ls30 ws52\">For <span class=\"ws50\">FVLCT<span class=\"_ _2\"></span>S fo<span class=\"_ _2\"></span>r Tanke<span class=\"_ _2\"></span>rs,<span class=\"_ _2\"></span> brok<span class=\"_ _2\"></span>er <span class=\"_ _2\"></span>valua<span class=\"_ _2\"></span>tions w<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span> obt<span class=\"_ _2\"></span>ained<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">f<span class=\"_ _2\"></span>rom</span></span></span><span class=\"ws50\"><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"> </span></span></span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x28a h98 y2a88 ff61 fs39 fc2 sc0 ls30 ws50\">third p<span class=\"_ _2\"></span>art<span class=\"_ _2\"></span>ies.<span class=\"ls1 ws0\"> </span></td><td></td><td></td></tr></table><table class=\"s w135 h10f\" id=\"_b2098488-15ee-4fa3-bab4-544f31a5b4c7\"><tr><td class=\"c x286 y2a89 w4d hae\"><div class=\"t m0 x1a6 ha9 y1d8f ff68 fs3a fcb sc0 ls1f ws90\">Critic<span class=\"_ _2\"></span>al account<span class=\"_ _2\"></span>ing <span class=\"ls2c ws91\">e<span class=\"_ _2\"></span>stimate</span><span class=\"ls2c ws91\"><span class=\"ls1 ws0\"> </span></span></div></td><td></td><td></td><td class=\"c x287 y2a89 w4e hae\"><div class=\"t m0 x1a6 ha9 y1d8f ff68 fs3a fcb sc0 ls20 ws5a\">Sources of <span class=\"_ _2\"></span>account<span class=\"_ _2\"></span>ing ju<span class=\"_ _2\"></span>dgement o<span class=\"_ _2\"></span>r estimatio<span class=\"_ _2\"></span>n un<span class=\"_ _2\"></span>certaint<span class=\"_ _2\"></span>y<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td class=\"c x288 y2a89 w4f hae\"><div class=\"t m0 x1a6 ha9 y1d8f ff68 fs3a fcb sc0 ls1f ws90\">Effect if<span class=\"_ _2\"></span> actu<span class=\"_ _2\"></span>al re<span class=\"_ _2\"></span>sults dif<span class=\"_ _2\"></span>fer fro<span class=\"_ _2\"></span>m <span class=\"_ _2\"></span>assumptio<span class=\"_ _2\"></span>ns<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"t m0 x289 ha6 y2a8a ff67 fs3c fcb sc0 ls4d ws7a\">Busine<span class=\"_ _2\"></span>ss Ac<span class=\"_ _2\"></span>quisiti<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x286 y2a8b w4d hb1\"><div class=\"t m0 x1a6 h98 y1e06 ff69 fs39 fc2 sc0 ls30 ws50\">During<span class=\"_ _2\"></span> the f<span class=\"_ _2\"></span>ir<span class=\"_ _2\"></span>st qu<span class=\"_ _2\"></span>arter<span class=\"_ _2\"></span> of 2<span class=\"_ _2\"></span>025,<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> acq<span class=\"_ _2\"></span>uired 5<span class=\"_ _2\"></span>0% <span class=\"_ _2\"></span>of </div></td><td></td><td></td><td class=\"c x287 y2a8b w4e hb1\"><div class=\"t m0 x1a6 h98 y1e06 ff69 fs39 fc2 sc0 ls30 ws50\">To asse<span class=\"_ _2\"></span>ss <span class=\"_ _2\"></span>the v<span class=\"_ _2\"></span>alua<span class=\"_ _2\"></span>tion <span class=\"_ _2\"></span>of i<span class=\"_ _2\"></span>n eac<span class=\"_ _2\"></span>h of <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> acquis<span class=\"_ _2\"></span>itio<span class=\"_ _2\"></span>ns,<span class=\"_ _2\"></span> the </div></td><td></td><td></td><td class=\"c x288 y2a8b w50 hb1\"><div class=\"t m0 x1a6 h98 y1e06 ff69 fs39 fc2 sc0 ls30 ws50\">If the<span class=\"_ _2\"></span> <span class=\"ws52\">ass<span class=\"_ _2\"></span>umpt<span class=\"_ _2\"></span>ions<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">applied in<span class=\"_ _2\"></span> determining <span class=\"_ _2\"></span>the </span></span></span>fair<span class=\"_ _2\"></span> valu<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> </span><span class=\"ws4f\">of the</span><span class=\"ws4f\"> </span></div></td></tr><tr><td class=\"c n x246 y2a8c w136 h10a\"><div class=\"t m0 x245 h98 y2a4a ff6a fs39 fc2 sc0 ls2f ws70\">Hassel 4 A.<span class=\"_ _2\"></span>S. (HS4)<span class=\"_ _195\"> </span></div></td><td class=\"c n x295 y2a8c w137 h10a\"><div class=\"t m0 x245 h98 y2a4a ff6a fs39 fc2 sc0 ls2f ws70\">which<span class=\"_ _195\"> </span></div></td><td class=\"c n x296 y2a8c w138 h10a\"><div class=\"t m0 x245 h98 y2a4a ff6a fs39 fc2 sc0 ls2f ws70\">resulted in<span class=\"_ _2\"></span> the Gro<span class=\"_ _2\"></span>up\u2019s ownership<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x28a h98 y2a8d ff69 fs39 fc2 sc0 ls30 ws50\">followi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>assum<span class=\"_ _2\"></span>ptions<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> est<span class=\"_ _2\"></span>im<span class=\"_ _2\"></span>ations<span class=\"_ _2\"></span> were<span class=\"_ _2\"></span> used<span class=\"_ _2\"></span>:<span class=\"ls1 ws0\"> </span></td><td></td><td></td><td class=\"t m0 x28b h98 y2a8d ff69 fs39 fc2 sc0 ls30 ws50\">assets<span class=\"_ _2\"></span> acq<span class=\"_ _2\"></span>uired<span class=\"_ _2\"></span> <span class=\"ls4b ws77\">are<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>incorrec<span class=\"_ _2\"></span>t or <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> fact<span class=\"_ _2\"></span> patte<span class=\"_ _2\"></span>rn o<span class=\"_ _2\"></span>n w<span class=\"_ _2\"></span>hich <span class=\"_ _2\"></span><span class=\"ws52\">they</span><span class=\"ws52\"> </span></td></tr><tr><td class=\"t m0 x289 h98 y2a8e ff69 fs39 fc2 sc0 ls30 ws50\">intere<span class=\"_ _2\"></span>st i<span class=\"_ _2\"></span>ncreas<span class=\"_ _2\"></span>ing <span class=\"_ _2\"></span>to 1<span class=\"_ _2\"></span>00% a<span class=\"_ _2\"></span>nd HS4<span class=\"_ _2\"></span> bec<span class=\"_ _2\"></span>oming<span class=\"_ _2\"></span> a co<span class=\"_ _2\"></span>nsol<span class=\"_ _2\"></span>idate<span class=\"_ _2\"></span>d </td><td></td><td></td><td class=\"c n x292 y2a8f w12e h103\"><div class=\"t m0 x245 h98 y2a48 ff6b fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2a90 w139 h10a\"><div class=\"t m0 x245 h98 y2a4a ff69 fs39 fc2 sc0 ls30 ws50\">For prop<span class=\"_ _2\"></span>erty,<span class=\"_ _2\"></span> pl<span class=\"_ _2\"></span>ant and<span class=\"_ _2\"></span> eq<span class=\"_ _2\"></span>uipme<span class=\"_ _2\"></span>nt, the<span class=\"_ _2\"></span> inc<span class=\"_ _2\"></span>ome <span class=\"_ _2\"></span>appro<span class=\"_ _2\"></span>ach w<span class=\"_ _2\"></span>as<span class=\"_ _195\"> </span></div></td><td></td><td class=\"t m0 x28b h98 y2a8e ff69 fs39 fc2 sc0 ls4b ws77\">are<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">based c<span class=\"_ _2\"></span>hang<span class=\"_ _2\"></span>es, <span class=\"_ _2\"></span>this c<span class=\"_ _2\"></span>ould<span class=\"_ _2\"></span> res<span class=\"_ _2\"></span>ult i<span class=\"_ _2\"></span>n imp<span class=\"_ _2\"></span>airme<span class=\"_ _2\"></span>nts <span class=\"_ _2\"></span>in pl<span class=\"_ _2\"></span>ant<span class=\"_ _2\"></span>,</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"> </span></span></td></tr><tr><td class=\"t m0 x289 h98 y2a91 ff69 fs39 fc2 sc0 ls30 ws50\">subsidi<span class=\"_ _2\"></span>ary<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td></td><td></td><td class=\"t m0 x294 h98 y2a92 ff69 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">used<span class=\"_ _2\"></span> whic<span class=\"_ _2\"></span>h requ<span class=\"_ _2\"></span>ired<span class=\"_ _2\"></span> assump<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>ns of<span class=\"_ _2\"></span> f<span class=\"_ _2\"></span>uture<span class=\"_ _2\"></span> cash<span class=\"_ _2\"></span> flow<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> </td><td></td><td class=\"t m0 x28b h98 y2a91 ff69 fs39 fc2 sc0 ls30 ws4f\">proper<span class=\"_ _2\"></span>ty and<span class=\"_ _2\"></span> equipm<span class=\"_ _2\"></span>ent and/<span class=\"_ _2\"></span>or g<span class=\"_ _2\"></span>oodwil<span class=\"_ _2\"></span>l <span class=\"ls2f ws70\">being re<span class=\"_ _2\"></span>flected in t<span class=\"_ _2\"></span>he</span><span class=\"ls2f ws70\"> </span></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x28b h98 y2a93 ff69 fs39 fc2 sc0 ls30 ws4f\">Consol<span class=\"_ _2\"></span>idate<span class=\"_ _2\"></span>d Fina<span class=\"_ _2\"></span>ncial<span class=\"_ _2\"></span> Stateme<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws50\">in the f<span class=\"_ _2\"></span>uture<span class=\"_ _2\"></span><span class=\"ls1 ws0\">.</span></span><span class=\"ws50\"><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span> </span></span></td></tr><tr><td class=\"t m0 x289 h98 y2a94 ff69 fs39 fc2 sc0 ls30 ws50\">The Gr<span class=\"_ _2\"></span>oup al<span class=\"_ _2\"></span>so<span class=\"_ _2\"></span> acqui<span class=\"_ _2\"></span>red <span class=\"_ _2\"></span>the rem<span class=\"_ _2\"></span>aini<span class=\"_ _2\"></span>ng 53<span class=\"_ _2\"></span>% of<span class=\"_ _2\"></span> Ave<span class=\"_ _2\"></span>nir d<span class=\"_ _2\"></span>uring<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> </td><td></td><td></td><td></td><td class=\"t m0 x294 h98 y2a95 ff69 fs39 fc2 sc0 ls30 ws50\">resid<span class=\"_ _2\"></span>ual v<span class=\"_ _2\"></span>alue,<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x289 h98 y2a96 ff69 fs39 fc2 sc0 ls30 ws50\">first <span class=\"_ _2\"></span>half<span class=\"_ _2\"></span> of 2<span class=\"_ _2\"></span>025.<span class=\"_ _2\"></span> This<span class=\"_ _2\"></span> res<span class=\"_ _2\"></span>ulted<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> the f<span class=\"_ _2\"></span>orme<span class=\"_ _2\"></span>r joi<span class=\"_ _2\"></span>nt ve<span class=\"_ _2\"></span>nture<span class=\"_ _2\"></span> <span class=\"ws52\">be<span class=\"_ _2\"></span>ing</span><span class=\"ws52\"><span class=\"ls1 ws0\"> </span></span></td><td></td><td></td><td></td><td class=\"c n x297 y2a97 w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff6b fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x298 y2a98 w13a h10d\"><div class=\"t m0 x245 h98 y2a4a ff69 fs39 fc2 sc0 ls4b ws77\">Pre<span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">tax disc<span class=\"_ _2\"></span>oun<span class=\"_ _2\"></span>t rate<span class=\"_ _2\"></span>s rang<span class=\"_ _2\"></span>e f<span class=\"_ _2\"></span>rom<span class=\"_ _2\"></span> 9.2%<span class=\"_ _2\"></span> to <span class=\"ls31 ws53\">10.8<span class=\"_ _2\"></span>%<span class=\"ls48 ws2f\">, based<span class=\"_ _195\"> </span></span></span></span></span></div></td><td class=\"t m0 x28b h98 y2a96 ff69 fs39 fc2 sc0 ls30 ws50\">Based<span class=\"_ _2\"></span> on m<span class=\"_ _2\"></span>anage<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>'s as<span class=\"_ _2\"></span>sess<span class=\"_ _2\"></span>ment, <span class=\"_ _2\"></span>no p<span class=\"_ _2\"></span>lausib<span class=\"_ _2\"></span>le m<span class=\"_ _2\"></span>oveme<span class=\"_ _2\"></span>nt </td></tr><tr><td class=\"t m0 x289 h98 y2a99 ff69 fs39 fc2 sc0 ls30 ws50\">consol<span class=\"_ _2\"></span>idate<span class=\"_ _2\"></span>d by<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></td><td></td><td></td><td></td><td class=\"t m0 x299 h98 y2a9a ff69 fs39 fc2 sc0 ls30 ws4f\" colspan=\"2\">on WACC<span class=\"_ _2\"></span> adjuste<span class=\"_ _2\"></span>d for sp<span class=\"_ _2\"></span>ecifi<span class=\"_ _2\"></span>c risk<span class=\"_ _2\"></span>s relati<span class=\"_ _2\"></span>ng to<span class=\"_ _2\"></span> each of </td><td class=\"t m0 x28b h98 y2a99 ff69 fs39 fc2 sc0 ls30 ws50\">of the<span class=\"_ _2\"></span> assum<span class=\"_ _2\"></span>pt<span class=\"_ _2\"></span>ions w<span class=\"_ _2\"></span>ould<span class=\"_ _2\"></span> lead<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>o a ma<span class=\"_ _2\"></span>terial<span class=\"_ _2\"></span> ch<span class=\"_ _2\"></span>ange i<span class=\"_ _2\"></span>n pl<span class=\"_ _2\"></span>ant,<span class=\"_ _2\"></span> </td></tr><tr><td class=\"t m0 x289 h98 y2a9b ff69 fs39 fc2 sc0 ls30 ws50\">In the<span class=\"_ _2\"></span> fou<span class=\"_ _2\"></span>rth q<span class=\"_ _2\"></span>uarte<span class=\"_ _2\"></span>r of<span class=\"_ _2\"></span> 202<span class=\"_ _2\"></span>5, the<span class=\"_ _2\"></span> Gr<span class=\"_ _2\"></span>oup ac<span class=\"_ _2\"></span>quire<span class=\"_ _2\"></span>d 10<span class=\"_ _2\"></span>0% o<span class=\"_ _2\"></span>f </td><td></td><td></td><td></td><td></td><td class=\"t m0 x299 h98 y2a9c ff69 fs39 fc2 sc0 ls30 ws52\">the<span class=\"ls1 ws0\"> </span>acquisi<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>ns. <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x28b h98 y2a9d ff69 fs39 fc2 sc0 ls2f ws70\">property and eq<span class=\"_ _2\"></span>uipment and/<span class=\"_ _2\"></span>or goodwill.<span class=\"_ _2\"></span> For example<span class=\"_ _2\"></span>, for the<span class=\"_ _2\"></span> </td></tr><tr><td class=\"t m0 x289 h98 y2a9e ff69 fs39 fc2 sc0 ls30 ws50\">Sutto<span class=\"_ _2\"></span>ns Int<span class=\"_ _2\"></span>ern<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span>al Hold<span class=\"_ _2\"></span>ings<span class=\"_ _2\"></span> Li<span class=\"_ _2\"></span>mited<span class=\"_ _2\"></span> (Sutt<span class=\"_ _2\"></span>ons)<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></td><td></td><td></td><td></td><td class=\"c n x297 y2a9f w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff6b fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x298 y2aa0 w13b h10d\"><div class=\"t m0 x245 h98 y2a4a ff69 fs39 fc2 sc0 ls30 ws50\">Future c<span class=\"_ _2\"></span>ash fl<span class=\"_ _2\"></span>ows<span class=\"_ _2\"></span> were<span class=\"_ _2\"></span> bas<span class=\"_ _2\"></span>ed on <span class=\"_ _2\"></span>the hi<span class=\"_ _2\"></span>sto<span class=\"_ _2\"></span>rical<span class=\"_ _2\"></span> res<span class=\"_ _2\"></span>ults <span class=\"_ _2\"></span>and</div></td><td class=\"t m0 x28b h98 y2aa1 ff69 fs39 fc2 sc0 ls30 ws50\">Sutto<span class=\"_ _2\"></span>ns ac<span class=\"_ _2\"></span>quisi<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>, if <span class=\"_ _2\"></span>the t<span class=\"_ _2\"></span>ank t<span class=\"_ _2\"></span>urns<span class=\"_ _2\"></span> (util<span class=\"_ _2\"></span>isa<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>) or<span class=\"_ _2\"></span> gross<span class=\"_ _2\"></span> pro<span class=\"_ _2\"></span>fit </td></tr><tr><td class=\"t m0 x289 h98 y2aa2 ff69 fs39 fc2 sc0 ls2f ws4e\">See <span class=\"ls4b ws77\">Note<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">33 for <span class=\"ls30 ws50\">detai<span class=\"_ _2\"></span>ls of<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>acq<span class=\"_ _2\"></span>uisiti<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>the am<span class=\"_ _2\"></span>ounts<span class=\"_ _2\"></span> of</span></span></span></span><span class=\"ls4b ws77\"><span class=\"ls1 ws0\"><span class=\"ls31 ws51\"><span class=\"ls30 ws50\"><span class=\"_ _2\"></span> </span></span></span></span></td><td></td><td></td><td></td><td class=\"t m0 x299 h98 y2aa3 ff69 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">or la<span class=\"_ _2\"></span>test f<span class=\"_ _2\"></span>ive y<span class=\"_ _2\"></span>ear<span class=\"_ _2\"></span> plan.<span class=\"_ _2\"></span> Fut<span class=\"_ _2\"></span>ure g<span class=\"_ _2\"></span>row<span class=\"_ _2\"></span>th rat<span class=\"_ _2\"></span>es we<span class=\"_ _2\"></span>re </td><td class=\"t m0 x28b h98 y2aa4 ff69 fs39 fc2 sc0 ls30 ws50\">are red<span class=\"_ _2\"></span>uc<span class=\"ls31 ws51\">ed<span class=\"_ _2\"></span> by 10% from 2026 to 2030, then the property</span><span class=\"ls31 ws51\"> </span></td></tr><tr><td class=\"t m0 x289 h98 y2aa5 ff69 fs39 fc2 sc0 ls2f ws70\">identifiable asse<span class=\"_ _2\"></span>ts acquired a<span class=\"_ _2\"></span>nd liabilit<span class=\"_ _2\"></span>ies assumed<span class=\"_ _2\"></span> for each of<span class=\"_ _2\"></span> </td><td></td><td></td><td></td><td class=\"t m0 x299 h98 y2aa6 ff69 fs39 fc2 sc0 ls31 ws51\" colspan=\"2\">approximatel<span class=\"_ _1\"></span>y<span class=\"_ _2\"></span> 2.0%. <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x28b h98 y2aa7 ff69 fs39 fc2 sc0 ls30 ws50\">valua<span class=\"_ _2\"></span>tion w<span class=\"_ _2\"></span>ould<span class=\"_ _2\"></span> have<span class=\"_ _2\"></span> been<span class=\"_ _2\"></span> red<span class=\"_ _2\"></span>uced<span class=\"_ _2\"></span> and g<span class=\"_ _2\"></span>oodwil<span class=\"_ _2\"></span>l inc<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>ased b<span class=\"_ _2\"></span>y </td></tr><tr><td class=\"t m0 x289 h98 y2aa8 ff69 fs39 fc2 sc0 ls30 ws50\">the ab<span class=\"_ _2\"></span>ove <span class=\"_ _2\"></span>acqui<span class=\"_ _2\"></span>sitio<span class=\"_ _2\"></span>ns.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td></td><td></td><td class=\"c n x292 y2aa9 w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff6b fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2aaa w13c h10d\"><div class=\"t m0 x245 h98 y2a4a ff69 fs39 fc2 sc0 ls2f ws70\">For Suttons, lease l<span class=\"_ _2\"></span>iabilities we<span class=\"_ _2\"></span>re measured b<span class=\"_ _2\"></span>ased on t<span class=\"_ _2\"></span>he<span class=\"_ _195\"> </span></div></td><td></td><td class=\"t m0 x28b h98 y2aab ff69 fs39 fc2 sc0 ls2f ws70\">$7.1 million <span class=\"_ _2\"></span>and $6.8 m<span class=\"_ _2\"></span>illion, res<span class=\"_ _2\"></span>pectively.<span class=\"ls1 ws0\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x294 h98 y2aac ff69 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">presen<span class=\"_ _2\"></span>t va<span class=\"_ _2\"></span>lue of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> rema<span class=\"_ _2\"></span>ini<span class=\"_ _2\"></span>ng le<span class=\"_ _2\"></span>ase pay<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>ts at<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> </td><td></td><td class=\"t m0 x28b h98 y2aad ff69 fs39 fc2 sc0 ls2f ws70\">As a result<span class=\"_ _2\"></span> of uncert<span class=\"_ _2\"></span>ainties inher<span class=\"_ _2\"></span>ent in f<span class=\"_ _2\"></span>air value estima<span class=\"_ _2\"></span>tion, </td></tr><tr><td class=\"t m0 x289 h98 y2aae ff69 fs39 fc2 sc0 ls30 ws50\">In app<span class=\"_ _2\"></span>lyi<span class=\"_ _2\"></span>ng the<span class=\"_ _2\"></span> acq<span class=\"_ _2\"></span>uisiti<span class=\"_ _2\"></span>on me<span class=\"_ _2\"></span>tho<span class=\"_ _2\"></span>d of <span class=\"_ _2\"></span>accou<span class=\"_ _2\"></span>nting<span class=\"_ _2\"></span>, est<span class=\"_ _2\"></span>imate<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> </td><td></td><td></td><td class=\"t m0 x294 h98 y2aaf ff69 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">acqui<span class=\"_ _2\"></span>sition<span class=\"_ _2\"></span> date<span class=\"_ _2\"></span> disc<span class=\"_ _2\"></span>oun<span class=\"_ _2\"></span>ted usi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> an ap<span class=\"_ _2\"></span>prop<span class=\"_ _2\"></span>riate<span class=\"_ _2\"></span> inc<span class=\"_ _2\"></span>remen<span class=\"_ _2\"></span>tal </td><td></td><td class=\"t m0 x28b h98 y2ab0 ff69 fs39 fc2 sc0 ls2f ws70\">measurement period<span class=\"_ _2\"></span> adjustme<span class=\"_ _2\"></span>nts may be<span class=\"_ _2\"></span> applied.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td></tr><tr><td class=\"t m0 x289 h98 y2ab1 ff69 fs39 fc2 sc0 ls30 ws50\">an in<span class=\"_ _2\"></span>tegral<span class=\"_ _2\"></span> pa<span class=\"_ _2\"></span>rt of<span class=\"_ _2\"></span> asses<span class=\"_ _2\"></span>sing<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>fair<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ues of<span class=\"_ _2\"></span> seve<span class=\"_ _2\"></span>ral <span class=\"_ _2\"></span>of the<span class=\"_ _2\"></span> </td><td></td><td></td><td class=\"t m0 x294 h98 y2ab2 ff69 fs39 fc2 sc0 ls2f ws70\" colspan=\"2\">borrowing rate. O<span class=\"_ _2\"></span>ther fin<span class=\"_ _2\"></span>ancial liabilities w<span class=\"_ _2\"></span>ere measured<span class=\"_ _2\"></span> at </td><td></td><td></td></tr><tr><td class=\"t m0 x289 h98 y2ab3 ff69 fs39 fc2 sc0 ls30 ws50\">assets<span class=\"_ _2\"></span> acq<span class=\"_ _2\"></span>uired<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> liab<span class=\"_ _2\"></span>iliti<span class=\"_ _2\"></span>es as<span class=\"_ _2\"></span>sumed<span class=\"_ _2\"></span> as<span class=\"_ _2\"></span> obse<span class=\"_ _2\"></span>rvable<span class=\"_ _2\"></span> mark<span class=\"_ _2\"></span>et </td><td></td><td></td><td class=\"t m0 x294 h98 y2ab4 ff69 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">the p<span class=\"_ _2\"></span>resent<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> rep<span class=\"_ _2\"></span>ayabl<span class=\"_ _2\"></span>e amo<span class=\"_ _2\"></span>unts<span class=\"_ _2\"></span><span class=\"ls50 ws7d\">.</span><span class=\"ls50 ws7d\"> <span class=\"ls1 ws0\"> </span></span></td><td></td><td></td></tr><tr><td class=\"t m0 x289 h98 y2ab5 ff69 fs39 fc2 sc0 ls2f ws70\">prices are <span class=\"_ _2\"></span>typically not a<span class=\"_ _2\"></span>vailable. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td></td><td></td><td class=\"c n x292 y2ab6 w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff6b fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2ab7 w13d h10d\"><div class=\"t m0 x245 h98 y2a4a ff69 fs39 fc2 sc0 ls47 ws82\">F<span class=\"_ _1\"></span>or Suttons, th<span class=\"_ _1\"></span>e Custome<span class=\"_ _1\"></span>r relation<span class=\"_ _1\"></span>s intangib<span class=\"_ _1\"></span>le asset was<span class=\"_ _195\"> </span></div></td><td></td><td></td></tr><tr><td class=\"t m0 x289 h98 y2ab8 ff6a fs39 fc2 sc0 ls30 ws4f\">In addi<span class=\"_ _2\"></span>tion,<span class=\"_ _2\"></span> for HS4 and<span class=\"_ _2\"></span> Aveni<span class=\"_ _2\"></span>r, the f<span class=\"_ _2\"></span>air val<span class=\"_ _2\"></span>ue of the<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span>\u2019s </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x289 h98 y2ab9 ff69 fs39 fc2 sc0 ls2f ws70\">previously held e<span class=\"_ _2\"></span>quity interes<span class=\"_ _2\"></span>ts was e<span class=\"_ _2\"></span>stimated using<span class=\"_ _2\"></span> significan<span class=\"_ _2\"></span>t </td><td></td><td></td><td class=\"t m0 x294 h98 y2aba ff69 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">calcul<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> using<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> mult<span class=\"_ _2\"></span>i<span class=\"ls1 ws0\">-</span>period<span class=\"_ _2\"></span> earni<span class=\"_ _2\"></span>ngs e<span class=\"_ _2\"></span>xcess<span class=\"_ _2\"></span> (M<span class=\"_ _2\"></span>PEE) </td><td></td><td></td></tr><tr><td class=\"t m0 x289 h98 y2abb ff69 fs39 fc2 sc0 ls30 ws4f\">inputs<span class=\"_ _2\"></span> not obs<span class=\"_ _2\"></span>ervabl<span class=\"_ _2\"></span>e in the<span class=\"_ _2\"></span> mar<span class=\"_ _2\"></span>ket.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td></td><td></td><td class=\"t m0 x294 h98 y2abc ff69 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">method<span class=\"_ _2\"></span> whic<span class=\"_ _2\"></span>h req<span class=\"_ _2\"></span>uire<span class=\"_ _2\"></span>s es<span class=\"_ _2\"></span>timate<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> fut<span class=\"_ _2\"></span>ure a<span class=\"_ _2\"></span>ttrit<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>rate<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> </td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x294 h98 y2abd ff69 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">custom<span class=\"_ _2\"></span>ers a<span class=\"_ _2\"></span>nd ne<span class=\"_ _2\"></span>t c<span class=\"_ _2\"></span>ash fl<span class=\"_ _2\"></span>ows <span class=\"_ _2\"></span>of t<span class=\"_ _2\"></span>he ac<span class=\"_ _2\"></span>quired<span class=\"_ _2\"></span> cu<span class=\"_ _2\"></span>stome<span class=\"_ _2\"></span>r </td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x294 h98 y2abe ff69 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">base.<span class=\"_ _2\"></span> The i<span class=\"_ _2\"></span>nput<span class=\"_ _2\"></span>s we<span class=\"_ _2\"></span>re esti<span class=\"_ _2\"></span>m<span class=\"ff6a\">ate<span class=\"_ _2\"></span>d bas<span class=\"_ _2\"></span>ed o<span class=\"_ _2\"></span>n Ma<span class=\"_ _2\"></span>nageme<span class=\"_ _2\"></span>nt\u2019s</span><span class=\"ff6a\"><span class=\"_ _2\"></span> </span></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x294 h98 y2abf ff69 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">profes<span class=\"_ _2\"></span>sional<span class=\"_ _2\"></span> jud<span class=\"_ _2\"></span>geme<span class=\"_ _2\"></span>nt b<span class=\"_ _2\"></span>ased o<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> acq<span class=\"_ _2\"></span>uire<span class=\"_ _2\"></span>d cust<span class=\"_ _2\"></span>omer<span class=\"_ _2\"></span> </td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x294 h98 y2ac0 ff69 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">base, <span class=\"_ _2\"></span>hist<span class=\"_ _2\"></span>orical<span class=\"_ _2\"></span> da<span class=\"_ _2\"></span>ta and<span class=\"_ _2\"></span> gene<span class=\"_ _2\"></span>ral<span class=\"_ _2\"></span> busin<span class=\"_ _2\"></span>ess<span class=\"_ _2\"></span> insig<span class=\"_ _2\"></span>ht.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c n x292 y2ac1 w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff6b fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2ac2 w13e h10e\"><div class=\"t m0 x245 h98 y2a3e ff6a fs39 fc2 sc0 ls30 ws50\">For HS4<span class=\"_ _2\"></span> and A<span class=\"_ _2\"></span>veni<span class=\"_ _2\"></span>r, the<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r val<span class=\"_ _2\"></span>ue<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup\u2019s<span class=\"_ _2\"></span> pre<span class=\"_ _2\"></span>viousl<span class=\"_ _2\"></span>y<span class=\"_ _195\"> </span></div></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x294 h98 y2ac3 ff69 fs39 fc2 sc0 ls2f ws70\">held equity i<span class=\"_ _2\"></span>nterests was es<span class=\"_ _2\"></span>timated based<span class=\"_ _2\"></span> on the <span class=\"_ _2\"></span><span class=\"ls30 ws52\">purc<span class=\"_ _2\"></span>hase</span><span class=\"ls30 ws52\"><span class=\"_ _2\"></span> </span></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x294 h98 y2ac4 ff69 fs39 fc2 sc0 ls30 ws52\">price<span class=\"ls1 ws0\"> </span><span class=\"ws50\">paid<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>other<span class=\"_ _2\"></span> sha<span class=\"_ _2\"></span>rehold<span class=\"_ _2\"></span>ers.</span><span class=\"ws50\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></td><td></td><td></td></tr></table><table class=\"s w13f h110\" id=\"_b31162c7-40ed-46ae-a410-071b9a3ad655\"><tr><td class=\"c x286 y2ac5 w4d hae\"><div class=\"t m0 x1a6 ha9 y1d8f ff70 fs3a fcb sc0 ls1f ws43\">Critic<span class=\"_ _2\"></span>al <span class=\"ls1 ws0\">a<span class=\"_ _1\"></span><span class=\"ls27 ws3f\">ccou<span class=\"_ _2\"></span>nting<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">j<span class=\"_ _1\"></span><span class=\"ls20 ws36\">udgement</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls27 ws3f\"><span class=\"ls1 ws0\"><span class=\"ls20 ws36\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span></div></td><td class=\"c x287 y2ac5 w4e hae\"><div class=\"t m0 x1a6 ha9 y1d8f ff70 fs3a fcb sc0 ls27 ws5b\">Source<span class=\"_ _2\"></span>s of <span class=\"_ _2\"></span><span class=\"ls20 ws5a\">account<span class=\"_ _2\"></span>ing ju<span class=\"_ _2\"></span>dgement o<span class=\"_ _2\"></span>r <span class=\"ls1 ws0\">e<span class=\"ls1f ws43\">stimation </span>u</span></span><span class=\"ws3f\">ncertai<span class=\"_ _2\"></span>nty</span><span class=\"ws3f\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div></td><td></td><td class=\"c x288 y2ac5 w51 hae\"><div class=\"t m0 x1a6 ha9 y1d8f ff70 fs3a fcb sc0 ls2e ws34\">Effect if <span class=\"ls1 ws0\">a<span class=\"ls27 ws3f\">ctua<span class=\"_ _2\"></span>l </span>r<span class=\"_ _3\"></span><span class=\"ls28 ws40\">e<span class=\"_ _2\"></span>sults<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">d<span class=\"_ _1\"></span><span class=\"ls2e ws34\">iffer from <span class=\"_ _2\"></span><span class=\"ls1 ws0\">a<span class=\"ls28 ws40\">ssumptions</span></span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls28 ws40\"><span class=\"ls1 ws0\"><span class=\"ls2e ws34\"><span class=\"ls1 ws0\"><span class=\"ls28 ws40\"><span class=\"_ _2\"></span></span> </span></span></span></span></span></div></td></tr><tr><td class=\"t m0 x289 ha6 y2ac6 ff6f fs3c fcb sc0 ls58 ws8e\">Investments in joint ventures and associates<span class=\"ls1 ws0\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c x286 y2ac7 w4d hb2\"><div class=\"t m0 x1a6 h98 y1e2e ff71 fs39 fc2 sc0 ls2f ws4e\">The <span class=\"_ _1\"></span><span class=\"ls1 ws0\">C<span class=\"ls2f ws4e\">onsolidated </span>F<span class=\"_ _1\"></span><span class=\"ls30 ws52\">i<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al <span class=\"ls1 ws0\">S</span><span class=\"ff72 ws50\">tatements<span class=\"_ _2\"></span> incl<span class=\"_ _2\"></span>ude t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span>\u2019s</span></span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ff72 ws50\"> </span></span></span></div></td><td class=\"c x287 y2ac7 w4e hb2\"><div class=\"t m0 x1a6 h98 y1e2e ff71 fs39 fc2 sc0 ls2f ws70\">There are a<span class=\"_ _2\"></span> number of a<span class=\"_ _2\"></span>reas where <span class=\"_ _2\"></span>significant j<span class=\"_ _2\"></span>udgement <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x288 y2ac7 w51 hb2\"><div class=\"t m0 x1a6 h98 y1e2e ff71 fs39 fc2 sc0 ls2f ws70\">If the judgem<span class=\"_ _2\"></span>ent applied i<span class=\"_ _2\"></span>n determ<span class=\"_ _2\"></span>ining the acco<span class=\"_ _2\"></span>unting </div></td></tr><tr><td class=\"t m0 x289 h98 y2ac8 ff71 fs39 fc2 sc0 ls30 ws50\">results<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> all<span class=\"_ _2\"></span> othe<span class=\"_ _2\"></span>r en<span class=\"_ _2\"></span>titie<span class=\"_ _2\"></span>s in w<span class=\"_ _2\"></span>hich<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> has<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntrol<span class=\"_ _2\"></span>, </td><td class=\"t m0 x28a h98 y2ac8 ff71 fs39 fc2 sc0 ls2f ws70\">is exercised to<span class=\"_ _2\"></span> establish w<span class=\"_ _2\"></span>hether an e<span class=\"_ _2\"></span>ntity needs t<span class=\"_ _2\"></span>o be </td><td></td><td class=\"t m0 x28b h98 y2ac8 ff71 fs39 fc2 sc0 ls53 ws32\">treatme<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> an e<span class=\"_ _2\"></span>ntity<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">i<span class=\"_ _2\"></span>s inc<span class=\"_ _2\"></span>orr<span class=\"_ _2\"></span>ect o<span class=\"_ _2\"></span>r the<span class=\"_ _2\"></span> fac<span class=\"_ _2\"></span>t pa<span class=\"_ _2\"></span>ttern<span class=\"_ _2\"></span> on w<span class=\"_ _2\"></span>hich</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></span></span></td></tr><tr><td class=\"t m0 x289 h98 y2ac9 ff71 fs39 fc2 sc0 ls30 ws50\">excep<span class=\"_ _2\"></span>t whe<span class=\"_ _2\"></span>re con<span class=\"_ _2\"></span>trol<span class=\"_ _2\"></span> ove<span class=\"_ _2\"></span>r <span class=\"ws52\">the<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">operations is limited<span class=\"_ _2\"></span> by</span></span></span><span class=\"ws52\"><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"> </span></span></span></td><td class=\"t m0 x28a h98 y2ac9 ff71 fs39 fc2 sc0 ls2f ws70\">consolidated or r<span class=\"_ _2\"></span>eported u<span class=\"_ _2\"></span>nder the equity m<span class=\"_ _2\"></span>ethod of </td><td></td><td class=\"t m0 x28b h98 y2ac9 ff71 fs39 fc2 sc0 ls53 ws80\">it <span class=\"ls57 ws86\">is<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">based changes, s<span class=\"_ _2\"></span>uch entities<span class=\"_ _2\"></span> <span class=\"ls30 ws52\">may</span></span> <span class=\"ls2f ws70\">need to b<span class=\"_ _2\"></span>e consolidated</span></span></span><span class=\"ls57 ws86\"><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"><span class=\"_ _2\"></span></span> </span></span></td></tr><tr><td class=\"t m0 x289 h98 y2aca ff71 fs39 fc2 sc0 ls2f ws70\">significant par<span class=\"_ _2\"></span>ticipating inte<span class=\"_ _2\"></span>rests held by <span class=\"_ _2\"></span>another <span class=\"_ _2\"></span><span class=\"ls53 ws80\">inves<span class=\"_ _2\"></span>tor<span class=\"ls1 ws0\">.</span></span><span class=\"ls53 ws80\"><span class=\"ls1 ws0\">  </span></span></td><td class=\"t m0 x28a h98 y2aca ff71 fs39 fc2 sc0 ls30 ws52\">accou<span class=\"_ _2\"></span>nting.<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">T<span class=\"_ _1\"></span><span class=\"ls2f ws70\">o establi<span class=\"_ _2\"></span>sh whether <span class=\"_ _2\"></span>an entity is<span class=\"_ _2\"></span> a consolida<span class=\"_ _2\"></span>ted</span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"> </span></span></td><td></td><td class=\"t m0 x28b h98 y2aca ff71 fs39 fc2 sc0 ls30 ws4f\">or acco<span class=\"_ _2\"></span>unted f<span class=\"_ _2\"></span>or as a<span class=\"_ _2\"></span>n investm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws52\">at<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls53 ws80\">co<span class=\"_ _2\"></span>st. <span class=\"ls2f ws70\">For example, it<span class=\"_ _2\"></span> is</span></span></span></span><span class=\"ws52\"><span class=\"ls1 ws0\"><span class=\"ls53 ws80\"><span class=\"ls2f ws70\"> </span></span></span></span></td></tr><tr><td class=\"t m0 x289 h98 y2acb ff71 fs39 fc2 sc0 ls30 ws50\">The Gr<span class=\"_ _2\"></span>oup h<span class=\"_ _2\"></span>as $<span class=\"_ _2\"></span><span class=\"ls31 ws53\">627.4<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">milli<span class=\"_ _2\"></span>on in i<span class=\"_ _2\"></span>nvestments in<span class=\"_ _2\"></span><span class=\"ls1 ws0\">,<span class=\"_ _1\"></span> <span class=\"ls30 ws4f\">and adv<span class=\"_ _2\"></span>ances</span></span></span></span></span><span class=\"ls31 ws53\"><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"><span class=\"ls1 ws0\"><span class=\"ls30 ws4f\"><span class=\"_ _2\"></span> </span></span></span></span></span></td><td class=\"t m0 x28a h98 y2acb ff71 fs39 fc2 sc0 ls47 ws82\">sub<span class=\"_ _1\"></span>sidiary, a jo<span class=\"_ _1\"></span>int ventur<span class=\"_ _1\"></span>e or an associa<span class=\"_ _1\"></span>te, <span class=\"ls2f ws4e\">key<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">areas<span class=\"_ _2\"></span> of</span></span></span><span class=\"ls2f ws4e\"><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"> </span></span></span></td><td></td><td class=\"t m0 x28b h98 y2acb ff71 fs39 fc2 sc0 ls2f ws70\">possible that <span class=\"_ _2\"></span>an investmen<span class=\"_ _2\"></span>t <span class=\"ls57 ws86\">is<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">ac<span class=\"_ _2\"></span>coun<span class=\"_ _2\"></span>ted <span class=\"ls2f ws4e\">for<span class=\"ls1 ws0\"> <span class=\"ls47 ws82\">a<span class=\"_ _1\"></span>s a joint ventur<span class=\"_ _1\"></span>e or</span></span></span></span></span></span><span class=\"ls57 ws86\"><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ls2f ws4e\"><span class=\"ls1 ws0\"><span class=\"ls47 ws82\"> </span></span></span></span></span></span></td></tr><tr><td class=\"t m0 x289 h98 y2acc ff71 fs39 fc2 sc0 ls53 ws80\">to<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls53 ws7d\">join<span class=\"_ _2\"></span>t ventu<span class=\"_ _2\"></span>res <span class=\"ls4b ws77\">and<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">associate<span class=\"_ _2\"></span>s.</span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls53 ws7d\"><span class=\"ls4b ws77\"><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"_ _2\"></span></span> </span></span></span></span></td><td class=\"t m0 x28a h98 y2acc ff71 fs39 fc2 sc0 ls2f ws75\">judgement include:<span class=\"ls1 ws0\"> </span></td><td></td><td class=\"t m0 x28b h98 y2acc ff71 fs39 fc2 sc0 ls30 ws50\">assoc<span class=\"_ _2\"></span>iate <span class=\"_ _2\"></span>using<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> equit<span class=\"_ _2\"></span>y me<span class=\"_ _2\"></span>th<span class=\"_ _2\"></span>od despi<span class=\"_ _2\"></span>te <span class=\"_ _2\"></span>havi<span class=\"_ _2\"></span>ng an<span class=\"_ _2\"></span> owne<span class=\"_ _2\"></span>rship<span class=\"_ _2\"></span> </td></tr><tr><td class=\"t m0 x289 h98 y2acd ff71 fs39 fc2 sc0 ls30 ws50\">Determ<span class=\"_ _2\"></span>inati<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> whe<span class=\"_ _2\"></span>ther <span class=\"_ _2\"></span>an e<span class=\"_ _2\"></span>ntity<span class=\"_ _2\"></span> is <span class=\"_ _2\"></span>an in<span class=\"_ _2\"></span>vestm<span class=\"_ _2\"></span>ent i<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> a <span class=\"_ _1\"></span><span class=\"ls30 ws52\">joi<span class=\"_ _2\"></span>nt</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"> </span></span></td><td class=\"c n x292 y2ace w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff73 fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2acf w140 h10d\"><div class=\"t m0 x245 h98 y2a4a ff71 fs39 fc2 sc0 ls2f ws70\">Qualitative analysis o<span class=\"_ _2\"></span>f an entity<span class=\"_ _2\"></span> including <span class=\"_ _2\"></span>review of, am<span class=\"_ _2\"></span>ong<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x28b h98 y2ad0 ff71 fs39 fc2 sc0 ls2f ws70\">interest exceedi<span class=\"_ _2\"></span>ng 50%<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws52\">w<span class=\"_ _2\"></span>here <span class=\"ls2f ws70\">the inves<span class=\"_ _2\"></span>tor<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls4a ws76\">doe<span class=\"_ _2\"></span>s <span class=\"ls30 ws50\">not exe<span class=\"_ _2\"></span>rcise</span></span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ls2f ws70\"><span class=\"ls1 ws0\"><span class=\"ls4a ws76\"><span class=\"ls30 ws50\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span></span></span></td></tr><tr><td class=\"t m0 x289 h98 y2ad1 ff71 fs39 fc2 sc0 ls2f ws70\">venture or a<span class=\"_ _2\"></span>ssociate is ba<span class=\"_ _2\"></span>sed on <span class=\"_ _2\"></span>certain <span class=\"ls53 ws7d\">re<span class=\"_ _2\"></span>levan<span class=\"_ _2\"></span>t activi<span class=\"_ _2\"></span>ties <span class=\"ls30 ws52\">suc<span class=\"_ _2\"></span>h</span></span><span class=\"ls53 ws7d\"><span class=\"ls30 ws52\"> </span></span></td><td class=\"t m0 x294 h98 y2ad2 ff71 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">other <span class=\"_ _2\"></span>fac<span class=\"_ _2\"></span>tors, i<span class=\"_ _2\"></span>ts<span class=\"_ _2\"></span> capit<span class=\"_ _2\"></span>al st<span class=\"_ _2\"></span>ructu<span class=\"_ _2\"></span>re, c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span>ual te<span class=\"_ _2\"></span>rms<span class=\"_ _2\"></span>, key </td><td class=\"t m0 x28b h98 y2ad3 ff71 fs39 fc2 sc0 ls2f ws4e\">direct<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">or indi<span class=\"_ _2\"></span>rect<span class=\"_ _2\"></span> cont<span class=\"_ _2\"></span>rol ove<span class=\"_ _2\"></span>r t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>investe<span class=\"_ _2\"></span>e.</span> </span><span class=\"ws70\">To the ex<span class=\"_ _2\"></span>tent that t<span class=\"_ _2\"></span>he</span><span class=\"ws70\"> </span></td></tr><tr><td class=\"t m0 x289 h98 y2ad4 ff71 fs39 fc2 sc0 ls30 ws4f\">as t<span class=\"ws52\">he<span class=\"ls1 ws0\"> </span></span>abili<span class=\"_ _2\"></span>ty to ap<span class=\"_ _2\"></span>prove<span class=\"_ _2\"></span> the ope<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ng and <span class=\"ws52\">cap<span class=\"_ _2\"></span>ital<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">b<span class=\"_ _2\"></span>udge<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\">s <span class=\"_ _1\"></span><span class=\"ls4a ws74\">of a<span class=\"_ _2\"></span><span class=\"ls30 ws52\">n</span></span></span></span></span></span><span class=\"ws52\"><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ls1 ws0\"><span class=\"ls4a ws74\"><span class=\"ls30 ws52\"> </span></span></span></span></span></span></td><td class=\"t m0 x294 h98 y2ad5 ff71 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">decisi<span class=\"_ _2\"></span>ons <span class=\"_ _2\"></span>requir<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> unani<span class=\"_ _2\"></span>mous<span class=\"_ _2\"></span> ap<span class=\"_ _2\"></span>proval<span class=\"_ _2\"></span>, rel<span class=\"_ _2\"></span>ated p<span class=\"_ _2\"></span>arty<span class=\"_ _2\"></span> </td><td class=\"t m0 x28b h98 y2ad6 ff71 fs39 fc2 sc0 ls2f ws70\">Group is deemed<span class=\"_ _2\"></span> to control <span class=\"_ _2\"></span>these en<span class=\"_ _2\"></span>tities, the en<span class=\"_ _2\"></span>tities would<span class=\"_ _2\"></span> </td></tr><tr><td class=\"t m0 x289 h98 y2ad7 ff71 fs39 fc2 sc0 ls53 ws80\">entity <span class=\"ls30 ws50\">and<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>abili<span class=\"_ _2\"></span>ty <span class=\"_ _2\"></span></span>to<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">appoint<span class=\"_ _2\"></span></span> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">k<span class=\"_ _2\"></span>ey man<span class=\"_ _2\"></span>agem<span class=\"_ _2\"></span>ent pe<span class=\"_ _2\"></span>rso<span class=\"_ _2\"></span>nnel<span class=\"ls1 ws0\">.</span></span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"ls1 ws0\"> </span></span></span></td><td class=\"t m0 x294 h98 y2ad8 ff71 fs39 fc2 sc0 ls30 ws4f\" colspan=\"2\">relati<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span>hips and<span class=\"_ _2\"></span> <span class=\"ws52\">the <span class=\"ls2f ws75\">design of the entity<span class=\"ls1 ws0\">.</span></span></span><span class=\"ws52\"><span class=\"ls2f ws75\"><span class=\"ls1 ws0\"> </span></span></span></td><td class=\"t m0 x28b h98 y2ad9 ff71 fs39 fc2 sc0 ls30 ws50\">have <span class=\"_ _2\"></span>to be<span class=\"_ _2\"></span> conso<span class=\"_ _2\"></span>lida<span class=\"_ _2\"></span>ted.<span class=\"_ _2\"></span> This<span class=\"_ _2\"></span> wo<span class=\"_ _2\"></span>uld af<span class=\"_ _2\"></span>fec<span class=\"_ _2\"></span>t the<span class=\"_ _2\"></span> balanc<span class=\"_ _2\"></span>e s<span class=\"_ _2\"></span>heet<span class=\"_ _2\"></span>, </td></tr><tr><td></td><td class=\"c n x292 y2ada w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff73 fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2adb w141 h10d\"><div class=\"t m0 x245 h98 y2a4a ff71 fs39 fc2 sc0 ls30 ws50\">Rights of<span class=\"_ _2\"></span> pa<span class=\"_ _2\"></span>rtne<span class=\"_ _2\"></span>rs reg<span class=\"_ _2\"></span>ardi<span class=\"_ _2\"></span>ng si<span class=\"_ _2\"></span>gnif<span class=\"_ _2\"></span>icant b<span class=\"_ _2\"></span>usi<span class=\"_ _2\"></span>ness d<span class=\"_ _2\"></span>eci<span class=\"_ _2\"></span>sions<span class=\"_ _2\"></span>,<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x28b h98 y2adc ff71 fs39 fc2 sc0 ls30 ws50\">income<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>ateme<span class=\"_ _2\"></span>nt, s<span class=\"_ _2\"></span>tateme<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>cash fl<span class=\"_ _2\"></span>ows <span class=\"_ _2\"></span>and d<span class=\"_ _2\"></span>ebt<span class=\"_ _2\"></span> coven<span class=\"_ _2\"></span>ants.<span class=\"_ _2\"></span> </td></tr><tr><td></td><td class=\"t m0 x294 h98 y2add ff71 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">includi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> dispo<span class=\"_ _2\"></span>sals <span class=\"_ _2\"></span><span class=\"ls4b ws77\">and<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">acq<span class=\"_ _2\"></span>uis<span class=\"_ _2\"></span>itions<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> asset<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\">.</span></span></span></span><span class=\"ls4b ws77\"><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"ls1 ws0\"> </span></span></span></span></td><td class=\"t m0 x28b h98 y2ade ff71 fs39 fc2 sc0 ls2f ws70\">See Note 1<span class=\"_ _2\"></span><span class=\"ls1 ws0\">7 <span class=\"_ _3\"></span><span class=\"ls2f ws70\">fo<span class=\"_ _2\"></span>r further det<span class=\"_ _2\"></span>ails.</span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"><span class=\"ls1 ws0\"> </span></span></span></td></tr><tr><td></td><td class=\"c n x292 y2adf w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff73 fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2ae0 w142 h10d\"><div class=\"t m0 x245 h98 y2a4a ff71 fs39 fc2 sc0 ls30 ws50\">Board and<span class=\"_ _2\"></span> ma<span class=\"_ _2\"></span>nageme<span class=\"_ _2\"></span>nt re<span class=\"_ _2\"></span>pres<span class=\"_ _2\"></span>enta<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">a<span class=\"_ _2\"></span>nd<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">ability</span> <span class=\"_ _1\"></span><span class=\"ls4a ws76\">t<span class=\"_ _2\"></span>o <span class=\"ls30 ws52\">appoint<span class=\"_ _195\"> </span></span></span></span></span></span></div></td><td></td></tr><tr><td></td><td class=\"t m0 x294 h98 y2ae1 ff71 fs39 fc2 sc0 ls2f ws70\" colspan=\"2\">key management<span class=\"_ _2\"></span> personnel<span class=\"ls1 ws0\">.</span><span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"c n x292 y2ae2 w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff73 fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2ae3 w143 h10d\"><div class=\"t m0 x245 h98 y2a4a ff71 fs39 fc2 sc0 ls30 ws50\">Potential<span class=\"_ _2\"></span> vo<span class=\"_ _2\"></span>ting <span class=\"_ _2\"></span>righ<span class=\"_ _2\"></span>ts<span class=\"ls1 ws0\">.<span class=\"_ _195\"> </span></span></div></td><td></td></tr><tr><td></td><td class=\"c n x292 y2ae4 w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff73 fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2ae5 w144 h10d\"><div class=\"t m0 x245 h98 y2a4a ff71 fs39 fc2 sc0 ls2f ws70\">Ability to make fi<span class=\"_ _2\"></span>nancing decisio<span class=\"_ _2\"></span>ns.<span class=\"_ _195\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n x292 y2ae6 w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff73 fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2ae7 w145 h10d\"><div class=\"t m0 x245 h98 y2a4a ff71 fs39 fc2 sc0 ls63 ws0\">Approv<span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>of<span class=\"_ _2\"></span> ope<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>and<span class=\"_ _2\"></span> cap<span class=\"_ _2\"></span>ital<span class=\"_ _2\"></span> <span class=\"ls64 ws97\">b<span class=\"_ _2\"></span>udge<span class=\"_ _2\"></span>t</span><span class=\"ls1\">s <span class=\"_ _3\"></span><span class=\"ls63 ws98\">an<span class=\"_ _2\"></span>d<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">contr<span class=\"_ _2\"></span>actual<span class=\"_ _195\"> </span></span></span></span></span></div></td><td></td></tr><tr><td></td><td class=\"t m0 x294 h98 y2ae8 ff71 fs39 fc2 sc0 ls30 ws52\" colspan=\"2\">rights<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws50\">of other<span class=\"_ _2\"></span> sha<span class=\"_ _2\"></span>rehold<span class=\"_ _2\"></span>ers<span class=\"ls1 ws0\">.</span></span><span class=\"ws50\"><span class=\"ls1 ws0\">  </span></span></td><td></td></tr><tr><td></td><td class=\"t m0 x28a h98 y2ae9 ff71 fs39 fc2 sc0 ls2f ws70\">The exercise of<span class=\"_ _2\"></span> judgement <span class=\"_ _2\"></span><span class=\"ls1 ws0\">i<span class=\"ls30 ws50\">n these<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span>as dete<span class=\"_ _2\"></span>rmi<span class=\"_ _2\"></span>nes w<span class=\"_ _2\"></span>het<span class=\"_ _2\"></span>her a</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"> </span></span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x28a h98 y2aea ff71 fs39 fc2 sc0 ls30 ws50\">parti<span class=\"_ _2\"></span>cular<span class=\"_ _2\"></span> entity<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> <span class=\"ls2f ws4e\">consolida<span class=\"_ _2\"></span>ted<span class=\"ls1 ws0\"> </span></span>as a s<span class=\"_ _2\"></span>ubsidi<span class=\"_ _2\"></span>ary o<span class=\"_ _2\"></span>r ac<span class=\"_ _2\"></span>coun<span class=\"_ _2\"></span>ted </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x28a h98 y2aeb ff71 fs39 fc2 sc0 ls4a ws76\">for<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">under t<span class=\"_ _2\"></span>he eq<span class=\"_ _2\"></span>uity m<span class=\"_ _2\"></span>eth<span class=\"_ _2\"></span>od.</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"_ _2\"></span></span> </span></td><td></td><td></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-600": {
   "value": "Critical accounting estimates and judgements are those that have a significant risk of having a material impact on the Consolidated Financial Statements. Management believes the following areas are the significant judgements and estimates used in the preparation of the Consolidated Financial Statements: Critical accounting estimate Sources of accounting judgement or estimation uncertainty Effect if actual results differ from assumptions Voyage revenue and costs The Group generates a majority of its operating revenue In applying the percentage of completion method, the revenue The accrued voyage and prepaid voyage expense accounts  through its tanker segment from the transportation of liquids and expenses for voyages still in progress at the end of the are used to adjust revenues billed and vendor invoices received by sea and inland waterways under contracts of affreightment reporting period are estimated and prorated over the period  to the appropriate amounts to be recognised based on the (COAs) or through contracts on the spot market. Tankers of the service provided for each active contract.  percentage of completion method of accounting. recognise the majority of its operating revenue over time on a For each voyage leg, estimates are made of revenues and Management does not believe there would be a material change prorated basis based on the time cargo is loaded to its related costs based on available actual information, current if the percentage of completion method was based on full estimated dispatch. When calculating the voyage revenue and market parameters, such as fuel cost and customer contract voyages or other criteria, rather than using voyage legs. costs, this recognition is first based on \u2018budgeted voyage legs\u2019 portfolios, and relevant historical data, such as port costs.  However, if actual results are not consistent with estimates or that are reviewed and updated annually. After the voyage assumptions, revenues or costs may be over or understated. legs have begun, they are updated for actual results and the Revenue and cost estimates are updated continually latest updated estimates. throughout the voyage to account for changes in voyage At November 30, 2025 and 2024, the accrued voyage expense patterns, to include the most up-to-date data and to finalise account was $68.8 million and $70.9 million, respectively, of revenues and expenses.  which $35.3 million and $40.2 million related to contract liabilities for unearned revenues.  Prepaid expenses included $24.4 million and $24.1 million of prepaid invoices for voyages in progress applicable to periods subsequent to November 30, 2025 and 2024, respectively. Critical accounting estimate Sources of accounting judgement or estimation uncertainty Effect if actual results differ from assumptions Depreciation and residual values Ships, barges, tank containers and terminals are depreciated on In order to achieve component accounting, the Group uses  If the estimated economic useful life and residual value has to a straight-line basis over their estimated useful lives, after the weighted average useful economic life of the asset. In be reduced in future periods, an impairment loss or additional reducing for the estimated residual value.  the case of ships, estimated useful lives of the components of depreciation expense could result.  Estimated useful lives are based on past experience, expected the ships range from an estimated 25 to 33 years. However, A decrease in the useful life of the ship, barge, terminal or tank future performance and management\u2019s estimate of the period actual lives of the components of ships or barges may be container or fall in the residual value would have the effect over which the asset will provide economic benefit. different depending on many factors such as quality of of increasing the annual depreciation charge and potentially maintenance and repair and the type of product carried by  resulting in an impairment loss. For ships and barges, residual values are estimated based on the ships or barges, which may result in a shorter or longer  the steel price, the estimated light displacement tonnage of life. Future useful lives could be reduced based on customer If the steel price used in the residual value calculation is the fleet and current trends in the price of recycling of ships. For preferences, new technological advances, governmental and overestimated by 10%, this would understate the annual the majority of the fleet, the steel price used is the average industry regulations and the effects of climate changes. depreciation and overstate the value of the assets for STC by steel price for the last three years. For ships expected to be In the case of tank containers, the estimated useful life ranges $0.9 million and for Tankers by $12.5 million. recycled in the next three years, the steel price at the previous between 10 and 20 years, depending on the supplier and the If the lives of the deep-sea ships is overestimated by 10%, this year-end date is used. quality of steel used. Terminals tanks and structures have lives would understate the annual depreciation and overstate the The evaluation of residual values and estimated useful lives for up to 40 years. value of the assets for Tankers by $12.4 million. tank containers is based on the steel price of different grades Residual values are difficult to estimate given the long lives of See Note 14 for further details. of steel.  ships, barges, terminals and tank containers, the uncertainty as In the case of terminals, the lives of terminals can range up to to future economic conditions and the price of steel, which is 40 years and the prices of steel and construction costs can vary considered as the main determinant of the residual price.  across different terminals. If there is a material change in the estimated life of the terminal or price of steel, then the estimates are revised. Both estimated useful lives and the residual values are evaluated annually, and the effect of any change is considered as a revision of accounting estimates, and the effect is reflected in the future depreciation charge. Critical accounting estimate Sources of accounting judgement or estimation uncertainty Effect if actual results differ from assumptions Impairment review As of November 30, 2025, the Group reviewed possible Based on management judgement and past experience, the If the assumptions applied in determining the recoverable impairment triggers, noting that the equity of the Group was following material assumptions were used in the VIU amount of the assets are incorrect or the fact pattern on which more than its market capitalisation. In accordance with IAS 36, calculations: they are based changes, this could result in impairments being Impairment of Assets, this is a trigger to review for impairment. \u2022 For Tankers, assumptions of time charter equivalent (TCE) reflected in the Consolidated Financial Statements. As such, the Group has performed an assessment to determine per operating day (a profit measure of operating revenue less Based on impairment work performed, no plausible movement its recoverable amount. In addition, in Terminals, the Australia variable voyage expenses, including bunker costs) on existing of material assumptions would lead to impairment for Tankers terminal cash-generating unit\u2019s (CGU) results remained lower and future contracts and the spot market, during the project and Avenir (using FVLCTS) or STC or SSF (using VIU). For the than managements\u2019 projections, which is also a trigger for that CGU. period from 2026 to 2030 for the deep-sea fleet (adjusted for Terminals, though, limited headroom was identified at the capacity changes) is an average increase of 1.2% and for the Australia terminal CGU. To assess impairment, management used projections in the regional fleets is 0.8%. In addition, it is assumed that the For the Australia terminal CGU, a permanent reduction in gross approved budget and five-year plan and a long-term growth rate percentage of COA to spot volume does not change margin greater than 4.0% would result in an impairment of the after the five-year plan period as the basis for the cash flows materially from current projections and COA contracts are Australian terminals. Alternately, a permanent reduction in used to calculate the value in use (VIU). renegotiated successfully.  utilisation greater than 4.0%% would result in an impairment of Calculating the net present value of the future cash flows \u2022 For Terminals, assumptions on utilisation and margins were the Australian terminals. A 1.0% increase in the WACC rate requires estimates to be made in respect of highly uncertain based on current contracts, past experience and trends in would result in a $17.0 million impairment. matters, including management\u2019s expectations of future industrial production. The financial effects of the Group's material financial risks and growth rates.  \u2022 For STC, assumptions of future escalation of price opportunities related to climate change mitigation and climate See Note 16 for further discussion of the impairment testing and cost increases were obtained from shipping and change adaptation on the Group's future cash flows in the value- that was performed. transportation carriers. in-use calculation have been assessed as being immaterial. \u2022 Pre-tax discount rates range from 7.0% to 10.8%, based on the weighted average cost of capital (WACC), which reflects specific risks relating to CGUs.  \u2022 Future growth rates were based on trends in industrial production and supply-demand balance in the markets. For Tankers, after adjustment of rates over two years to the long- term average TCE, the growth rate is 2.0%. For all other CGUs, the growth rate used beyond the projection period is 2.0%, which does not exceed the long-term average inflation rate for the CGUs. For FVLCTS for Tankers, broker valuations were obtained from third parties. Critical accounting estimate Sources of accounting judgement or estimation uncertainty Effect if actual results differ from assumptions Business Acquisitions During the first quarter of 2025, the Group acquired 50% of To assess the valuation of in each of the acquisitions, the If the assumptions applied in determining the fair value of the Hassel 4 A.S. (HS4) which resulted in the Group\u2019s ownership following assumptions and estimations were used: assets acquired are incorrect or the fact pattern on which they interest increasing to 100% and HS4 becoming a consolidated \u2022 For property, plant and equipment, the income approach was are based changes, this could result in impairments in plant, subsidiary of the Group. used which required assumptions of future cash flows and property and equipment and/or goodwill being reflected in the Consolidated Financial Statements in the future.  The Group also acquired the remaining 53% of Avenir during the residual value,  first half of 2025. This resulted in the former joint venture being \u2022 Pre-tax discount rates range from 9.2% to 10.8%, based Based on management's assessment, no plausible movement consolidated by the Group. on WACC adjusted for specific risks relating to each of of the assumptions would lead to a material change in plant, In the fourth quarter of 2025, the Group acquired 100% of the acquisitions.  property and equipment and/or goodwill. For example, for the Suttons International Holdings Limited (Suttons). \u2022 Future cash flows were based on the historical results andSuttons acquisition, if the tank turns (utilisation) or gross profit See Note 33 for details of the acquisitions and the amounts of or latest five year plan. Future growth rates were are reduced by 10% from 2026 to 2030, then the property identifiable assets acquired and liabilities assumed for each of approximately 2.0%.  valuation would have been reduced and goodwill increased by the above acquisitions. \u2022 For Suttons, lease liabilities were measured based on the $7.1 million and $6.8 million, respectively. present value of the remaining lease payments at the As a result of uncertainties inherent in fair value estimation, In applying the acquisition method of accounting, estimates are acquisition date discounted using an appropriate incremental measurement period adjustments may be applied. an integral part of assessing the fair values of several of the borrowing rate. Other financial liabilities were measured at assets acquired and liabilities assumed as observable market the present value of the repayable amounts.  prices are typically not available.  \u2022 For Suttons, the Customer relations intangible asset was In addition, for HS4 and Avenir, the fair value of the Group\u2019s previously held equity interests was estimated using significant calculated using the multi-period earnings excess (MPEE) inputs not observable in the market. method which requires estimates of future attrition rates of customers and net cash flows of the acquired customer base. The inputs were estimated based on Management\u2019s professional judgement based on the acquired customer base, historical data and general business insight. \u2022 For HS4 and Avenir, the fair value of the Group\u2019s previously held equity interests was estimated based on the purchase price paid to the other shareholders. Critical accounting judgement Sources of accounting judgement or estimation uncertainty Effect if actual results differ from assumptions Investments in joint ventures and associates The Consolidated Financial Statements include the Group\u2019s There are a number of areas where significant judgement  If the judgement applied in determining the accounting results and all other entities in which the Group has control, is exercised to establish whether an entity needs to be treatment of an entity is incorrect or the fact pattern on which  except where control over the operations is limited by consolidated or reported under the equity method of it is based changes, such entities may need to be consolidated significant participating interests held by another investor.  accounting. To establish whether an entity is a consolidated or accounted for as an investment at cost. For example, it is The Group has $627.4 million in investments in, and advances subsidiary, a joint venture or an associate, key areas of possible that an investment is accounted for as a joint venture or to, joint ventures and associates. judgement include: associate using the equity method despite having an ownership Determination of whether an entity is an investment in a joint \u2022 Qualitative analysis of an entity including review of, among interest exceeding 50%, where the investor does not exercise venture or associate is based on certain relevant activities such other factors, its capital structure, contractual terms, key direct or indirect control over the investee. To the extent that the as the ability to approve the operating and capital budgets of an decisions requiring unanimous approval, related party Group is deemed to control these entities, the entities would entity and the ability to appoint key management personnel. relationships and the design of the entity. have to be consolidated. This would affect the balance sheet, \u2022 Rights of partners regarding significant business decisions, income statement, statement of cash flows and debt covenants. including disposals and acquisitions of assets. See Note 17 for further details. \u2022 Board and management representation and ability to appoint key management personnel. \u2022 Potential voting rights. \u2022 Ability to make financing decisions. \u2022 Approval of operating and capital budgets and contractual rights of other shareholders.  The exercise of judgement in these areas determines whether a particular entity is consolidated as a subsidiary or accounted for under the equity method. ",
   "dimensions": {
    "concept": "ifrs-full:ExplanationOfAssumptionAboutFutureWithSignificantRiskOfResultingInMaterialAdjustments",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-619": {
   "value": "Critic<span class=\"_ _2\"></span>al ac<span class=\"_ _2\"></span>coun<span class=\"_ _2\"></span>ting<span class=\"_ _2\"></span> estim<span class=\"_ _2\"></span>ates<span class=\"_ _2\"></span> an<span class=\"_ _2\"></span>d judg<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> tho<span class=\"_ _2\"></span>se th<span class=\"_ _2\"></span>at h<span class=\"_ _2\"></span>ave a<span class=\"_ _2\"></span> sig<span class=\"_ _2\"></span>nific<span class=\"_ _2\"></span>ant <span class=\"_ _2\"></span>risk o<span class=\"_ _2\"></span>f havi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>a mate<span class=\"_ _2\"></span>rial<span class=\"_ _2\"></span> impac<span class=\"_ _2\"></span>t <span class=\"_ _2\"></span>on the<span class=\"_ _2\"></span> Con<span class=\"_ _2\"></span>sol<span class=\"ls2f ws4e\">id<span class=\"_ _2\"></span>ated </span><span class=\"ws52\">Financi<span class=\"_ _2\"></span>al<span class=\"ls1 ws0\"> </span><span class=\"ws4f\">Stateme<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span>. Manag<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span> believe<span class=\"_ _2\"></span>s the<span class=\"_ _2\"></span> followi<span class=\"_ _2\"></span>ng are<span class=\"_ _2\"></span>as are t<span class=\"_ _2\"></span>he </span></span>signifi<span class=\"_ _2\"></span>can<span class=\"_ _2\"></span>t judg<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nts <span class=\"_ _2\"></span>and es<span class=\"_ _2\"></span>tim<span class=\"_ _2\"></span>ates u<span class=\"_ _2\"></span>sed i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>repara<span class=\"_ _2\"></span>tion o<span class=\"_ _2\"></span>f <span class=\"_ _2\"></span><span class=\"ws52\">the<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">Consolidated<span class=\"_ _2\"></span></span> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">Fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al<span class=\"ls1 ws0\"> </span>Statem<span class=\"_ _2\"></span>ents:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span><table class=\"s w128 h105\" id=\"_4c94ac06-5948-49b1-aaab-22228c255638\"><tr><td class=\"c x286 y29fa w4d ha8\"><div class=\"t m0 x1a6 ha9 y1d6f ff54 fs3a fcb sc0 ls1f ws90\">Critic<span class=\"_ _2\"></span>al account<span class=\"_ _2\"></span>ing <span class=\"ls2c ws91\">e<span class=\"_ _2\"></span>stimate</span><span class=\"ls2c ws91\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x287 y29fa w4e ha8\"><div class=\"t m0 x1a6 ha9 y1d6f ff54 fs3a fcb sc0 ls27 ws5b\">Source<span class=\"_ _2\"></span>s of <span class=\"_ _2\"></span><span class=\"ls20 ws5a\">account<span class=\"_ _2\"></span>ing ju<span class=\"_ _2\"></span>dgement o<span class=\"_ _2\"></span>r <span class=\"ls1f ws90\">estim<span class=\"_ _2\"></span>ation u<span class=\"_ _2\"></span>ncerta<span class=\"_ _2\"></span>inty</span></span><span class=\"ls20 ws5a\"><span class=\"ls1f ws90\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x288 y29fa w4f ha8\"><div class=\"t m0 x1a6 ha9 y1d6f ff54 fs3a fcb sc0 ls1f ws90\">Effect if<span class=\"_ _2\"></span> actu<span class=\"_ _2\"></span>al re<span class=\"_ _2\"></span>sults dif<span class=\"_ _2\"></span>fer fro<span class=\"_ _2\"></span>m <span class=\"_ _2\"></span>assumptio<span class=\"_ _2\"></span>ns<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"t m0 x289 ha6 y29fb ff52 fs3c fcb sc0 ls5c ws8f\">Voyage <span class=\"_ _2\"></span>revenue an<span class=\"_ _2\"></span>d costs<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td></td><td></td></tr><tr><td class=\"c x286 y29fc w4d hab\"><div class=\"t m0 x1a6 h98 y1d74 ff53 fs39 fc2 sc0 ls30 ws50\">The Gr<span class=\"_ _2\"></span>oup g<span class=\"_ _2\"></span>ener<span class=\"_ _2\"></span>ates<span class=\"_ _2\"></span> a ma<span class=\"_ _2\"></span>jority<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls4a ws76\">of<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls53 ws80\">i<span class=\"_ _2\"></span>ts <span class=\"ls30 ws52\">operat<span class=\"_ _2\"></span>ing reven<span class=\"_ _2\"></span>ue</span></span></span></span><span class=\"ls4a ws76\"><span class=\"ls1 ws0\"><span class=\"ls53 ws80\"><span class=\"ls30 ws52\"> </span></span></span></span></div></td><td class=\"c x287 y29fc w4e hab\"><div class=\"t m0 x1a6 h98 y1d74 ff53 fs39 fc2 sc0 ls30 ws50\">In app<span class=\"_ _2\"></span>lyi<span class=\"_ _2\"></span>ng the<span class=\"_ _2\"></span> perce<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span>age of<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>mple<span class=\"_ _2\"></span>tion m<span class=\"_ _2\"></span>ethod<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> reve<span class=\"_ _2\"></span>nue<span class=\"_ _2\"></span> </div></td><td class=\"c x288 y29fc w4f hab\"><div class=\"t m0 x1a6 h98 y1d74 ff53 fs39 fc2 sc0 ls30 ws50\">The ac<span class=\"_ _2\"></span>crued<span class=\"_ _2\"></span> voy<span class=\"_ _2\"></span>age <span class=\"_ _2\"></span>and pr<span class=\"_ _2\"></span>epaid<span class=\"_ _2\"></span> voy<span class=\"_ _2\"></span>age <span class=\"ls5d ws92\">expen<span class=\"_ _1\"></span>se <span class=\"_ _1\"></span><span class=\"ls30 ws52\">acc<span class=\"_ _2\"></span>ou<span class=\"_ _2\"></span>nts</span></span><span class=\"ls5d ws92\"><span class=\"ls30 ws52\"> <span class=\"ls1 ws0\"> </span></span></span></div></td></tr><tr><td class=\"t m0 x289 h98 y29fd ff53 fs39 fc2 sc0 ls30 ws4f\">throug<span class=\"_ _2\"></span>h its tank<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span> segmen<span class=\"_ _2\"></span>t from<span class=\"_ _2\"></span> the tran<span class=\"_ _2\"></span>sporta<span class=\"_ _2\"></span>tion o<span class=\"_ _2\"></span>f liqui<span class=\"_ _2\"></span>ds </td><td class=\"t m0 x28a h98 y29fd ff53 fs39 fc2 sc0 ls30 ws50\">and ex<span class=\"_ _2\"></span>pense<span class=\"_ _2\"></span>s fo<span class=\"_ _2\"></span>r <span class=\"ls54 ws83\">voyages<span class=\"ls1 ws0\"> </span></span>still<span class=\"_ _2\"></span> in <span class=\"_ _2\"></span>progre<span class=\"_ _2\"></span>ss a<span class=\"_ _2\"></span>t the<span class=\"_ _2\"></span> end o<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he </td><td class=\"t m0 x28b h98 y29fd ff53 fs39 fc2 sc0 ls30 ws50\">are u<span class=\"_ _2\"></span>sed<span class=\"ls1 ws0\"> </span>to ad<span class=\"_ _2\"></span>just <span class=\"_ _2\"></span>reve<span class=\"_ _2\"></span>nues<span class=\"_ _2\"></span> <span class=\"ls2f ws4e\">billed<span class=\"ls1 ws0\"> </span></span><span class=\"ws52\">and <span class=\"ls2f ws70\">vendor invoices <span class=\"_ _2\"></span>received</span></span><span class=\"ws52\"><span class=\"ls2f ws70\"> </span></span></td></tr><tr><td class=\"t m0 x289 h98 y29fe ff53 fs39 fc2 sc0 ls31 ws53\">by<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">sea<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> inl<span class=\"_ _2\"></span>and wa<span class=\"_ _2\"></span>ter<span class=\"ws52\">w<span class=\"_ _2\"></span>ays<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls47 ws82\">under contra<span class=\"_ _1\"></span>cts <span class=\"ls4a ws76\">of<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">affrei<span class=\"_ _2\"></span>ghtme<span class=\"_ _2\"></span>nt</span></span></span></span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"ws52\"><span class=\"ls1 ws0\"><span class=\"ls47 ws82\"><span class=\"ls4a ws76\"><span class=\"ls1 ws0\"> </span></span></span></span></span></span></span></td><td class=\"t m0 x28a h98 y29fe ff53 fs39 fc2 sc0 ls30 ws50\">repor<span class=\"_ _2\"></span>ting p<span class=\"_ _2\"></span>eriod<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> estim<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> and p<span class=\"_ _2\"></span>ror<span class=\"_ _2\"></span>ated o<span class=\"_ _2\"></span>ve<span class=\"_ _2\"></span>r the<span class=\"_ _2\"></span> peri<span class=\"_ _2\"></span>od <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x28b h98 y29fe ff53 fs39 fc2 sc0 ls53 ws80\">to <span class=\"ls30 ws52\">the<span class=\"ls1 ws0\"> </span>approp<span class=\"_ _2\"></span>riate amo<span class=\"_ _2\"></span>unts<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">to be rec<span class=\"_ _2\"></span>ognised </span>b</span>ased<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls4a ws76\">on<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">t<span class=\"_ _2\"></span>he</span></span></span></span></span><span class=\"ls30 ws52\"><span class=\"ls1 ws0\"><span class=\"ls4a ws76\"><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ls1 ws0\"> </span></span></span></span></span></span></td></tr><tr><td class=\"t m0 x289 h98 y29ff ff53 fs39 fc2 sc0 ls2f ws4e\">(COAs)<span class=\"ls1 ws0\"> <span class=\"ls4a ws76\">or</span> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">t<span class=\"_ _2\"></span>hroug<span class=\"_ _2\"></span>h co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>ts o<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he spo<span class=\"_ _2\"></span>t ma<span class=\"_ _2\"></span>rket.<span class=\"_ _2\"></span> <span class=\"ws52\">Tanke<span class=\"_ _2\"></span>rs </span></span></span></td><td class=\"t m0 x28a h98 y29ff ff53 fs39 fc2 sc0 ls30 ws4f\">of the <span class=\"ls2f ws70\">service<span class=\"_ _2\"></span> provided fo<span class=\"_ _2\"></span>r </span><span class=\"ws52\">eac<span class=\"_ _2\"></span>h<span class=\"ls1 ws0\"> </span><span class=\"ws50\">active co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>t<span class=\"ls50 ws7d\">.</span></span></span><span class=\"ws52\"><span class=\"ws50\"><span class=\"ls50 ws7d\"> <span class=\"ls1 ws0\"> </span></span></span></span></td><td class=\"t m0 x28b h98 y29ff ff53 fs39 fc2 sc0 ls30 ws52\">percen<span class=\"_ _2\"></span>tage<span class=\"_ _2\"></span> <span class=\"ls4a ws76\">of <span class=\"_ _1\"></span><span class=\"ls2f ws70\">complet<span class=\"_ _2\"></span>ion method<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">of acc<span class=\"_ _2\"></span>ounti<span class=\"_ _2\"></span>ng.</span></span></span></span><span class=\"ls4a ws76\"><span class=\"ls2f ws70\"><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"_ _2\"></span></span> </span></span></span></td></tr><tr><td class=\"t m0 x289 h98 y2a00 ff53 fs39 fc2 sc0 ls2f ws4e\">recognise <span class=\"ls53 ws32\">the majo<span class=\"_ _2\"></span>rity<span class=\"_ _2\"></span> of <span class=\"ws80\">i<span class=\"_ _2\"></span>ts <span class=\"ls30 ws50\">operati<span class=\"_ _2\"></span>ng re<span class=\"_ _2\"></span>venue<span class=\"_ _2\"></span> over<span class=\"_ _2\"></span> tim<span class=\"_ _2\"></span>e on <span class=\"_ _2\"></span>a</span></span></span><span class=\"ls53 ws32\"><span class=\"ws80\"><span class=\"ls30 ws50\"> </span></span></span></td><td class=\"t m0 x28a h98 y2a01 ff53 fs39 fc2 sc0 ls2f ws70\">For each voyage <span class=\"_ _2\"></span>leg, estima<span class=\"_ _2\"></span>tes<span class=\"ls1 ws0\"> <span class=\"ls30 ws4f\">are made of<span class=\"_ _2\"></span> revenu<span class=\"_ _2\"></span>e</span>s <span class=\"_ _1\"></span><span class=\"ls30 ws52\">a<span class=\"_ _2\"></span>nd</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"> </span></span></td><td class=\"t m0 x28b h98 y2a01 ff53 fs39 fc2 sc0 ls2f ws70\">Management does<span class=\"_ _2\"></span> not believe t<span class=\"_ _2\"></span>here would<span class=\"_ _2\"></span> be a m<span class=\"_ _2\"></span>aterial change </td></tr><tr><td class=\"t m0 x289 h98 y2a02 ff53 fs39 fc2 sc0 ls30 ws50\">prorate<span class=\"_ _2\"></span>d ba<span class=\"_ _2\"></span>sis<span class=\"_ _2\"></span> based<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">on the time c<span class=\"_ _2\"></span>argo is lo<span class=\"_ _2\"></span>aded to its</span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"> </span></span></td><td class=\"t m0 x28a h98 y2a03 ff53 fs39 fc2 sc0 ls30 ws50\">relate<span class=\"_ _2\"></span>d cos<span class=\"_ _2\"></span>ts b<span class=\"_ _2\"></span>ased<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>availab<span class=\"_ _2\"></span>le <span class=\"_ _2\"></span>actual<span class=\"_ _2\"></span> inf<span class=\"_ _2\"></span>ormati<span class=\"_ _2\"></span>on, c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>nt </td><td class=\"t m0 x28b h98 y2a03 ff53 fs39 fc2 sc0 ls2f ws70\">if the perce<span class=\"_ _2\"></span>ntage of c<span class=\"_ _2\"></span>ompletion method w<span class=\"_ _2\"></span>as based on<span class=\"_ _2\"></span> <span class=\"ws4e\">full</span><span class=\"ws4e\"> </span></td></tr><tr><td class=\"t m0 x289 h98 y2a04 ff53 fs39 fc2 sc0 ls2f ws70\">estimated dispa<span class=\"_ _2\"></span>tch<span class=\"ls30 ws50\">. Whe<span class=\"_ _2\"></span>n c<span class=\"_ _2\"></span>alcul<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng the<span class=\"_ _2\"></span> voy<span class=\"_ _2\"></span>age re<span class=\"_ _2\"></span>ven<span class=\"_ _2\"></span>ue and</span><span class=\"ls30 ws50\"><span class=\"_ _2\"></span> </span></td><td class=\"t m0 x28a h98 y2a05 ff53 fs39 fc2 sc0 ls30 ws50\">market<span class=\"_ _2\"></span> par<span class=\"_ _2\"></span>ameter<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws50\">suc<span class=\"_ _2\"></span>h as<span class=\"_ _2\"></span> fuel<span class=\"_ _2\"></span> c<span class=\"_ _2\"></span>ost a<span class=\"_ _2\"></span>nd cus<span class=\"_ _2\"></span>tomer<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>t</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"> </span></span></td><td class=\"t m0 x28b h98 y2a05 ff53 fs39 fc2 sc0 ls30 ws50\">voyage<span class=\"_ _2\"></span>s or<span class=\"_ _2\"></span> othe<span class=\"_ _2\"></span>r <span class=\"ws52\">c<span class=\"_ _2\"></span>riteri<span class=\"_ _2\"></span>a</span>, r<span class=\"_ _2\"></span>ather<span class=\"_ _2\"></span> tha<span class=\"_ _2\"></span>n usi<span class=\"_ _2\"></span>ng voy<span class=\"_ _2\"></span>age l<span class=\"_ _2\"></span>egs<span class=\"_ _2\"></span><span class=\"ls1 ws0\">.</span><span class=\"ls1 ws0\"><span class=\"_ _1\"></span> </span></td></tr><tr><td class=\"t m0 x289 h98 y2a06 ff53 fs39 fc2 sc0 ls30 ws50\">costs<span class=\"_ _2\"></span>, this<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>tion i<span class=\"_ _2\"></span>s f<span class=\"_ _2\"></span>irst b<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span>d on <span class=\"_ _2\"></span><span class=\"ff55 ls1 ws0\">\u2018</span><span class=\"ls2f ws70\">budgeted voyage legs<span class=\"ff55 ls1 ws0\">\u2019</span></span><span class=\"ls2f ws70\"><span class=\"ff55 ls1 ws0\"><span class=\"ff53\"> </span></span></span></td><td class=\"t m0 x28a h98 y2a07 ff53 fs39 fc2 sc0 ls30 ws50\">portf<span class=\"_ _2\"></span>olios,<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> rele<span class=\"_ _2\"></span>vant<span class=\"_ _2\"></span> hist<span class=\"_ _2\"></span>oric<span class=\"_ _2\"></span>al da<span class=\"_ _2\"></span>ta, <span class=\"_ _2\"></span><span class=\"ws52\">such<span class=\"ls1 ws0\"> </span>as<span class=\"ls1 ws0\"> <span class=\"ls4a ws74\">port c<span class=\"_ _2\"></span>osts.</span></span></span><span class=\"ws52\"><span class=\"ls1 ws0\"><span class=\"ls4a ws74\"> <span class=\"_ _2\"></span></span> </span></span></td><td class=\"t m0 x28b h98 y2a07 ff53 fs39 fc2 sc0 ls4a ws76\">However,<span class=\"_ _2\"></span> <span class=\"ls2f ws4e\">if<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">actu<span class=\"_ _2\"></span>al re<span class=\"_ _2\"></span>sul<span class=\"_ _2\"></span>ts a<span class=\"_ _2\"></span>re no<span class=\"_ _2\"></span>t con<span class=\"_ _2\"></span>sis<span class=\"_ _2\"></span>tent wi<span class=\"_ _2\"></span>th e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ates <span class=\"_ _2\"></span><span class=\"ls4a ws76\">or</span></span></span></span><span class=\"ls2f ws4e\"><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"ls4a ws76\"><span class=\"ls1 ws0\"> </span></span></span></span></span></td></tr><tr><td class=\"t m0 x289 h98 y2a08 ff53 fs39 fc2 sc0 ls30 ws50\">that <span class=\"_ _2\"></span>are <span class=\"_ _2\"></span>reviewed<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> upd<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> ann<span class=\"_ _2\"></span>ually<span class=\"_ _2\"></span>. Afte<span class=\"_ _2\"></span>r the<span class=\"_ _2\"></span> voy<span class=\"_ _2\"></span>age<span class=\"_ _2\"></span> </td><td></td><td class=\"t m0 x28b h98 y2a09 ff53 fs39 fc2 sc0 ls30 ws4f\">assum<span class=\"_ _2\"></span>ptions<span class=\"_ _2\"></span>, rev<span class=\"_ _2\"></span>enues<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws50\">or costs<span class=\"_ _2\"></span> may<span class=\"_ _2\"></span> be <span class=\"_ _2\"></span>over <span class=\"_ _2\"></span><span class=\"ls4a ws76\">or<span class=\"ls1 ws0\"> </span></span><span class=\"ws52\">underst<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span>.</span></span><span class=\"ws50\"><span class=\"ws52\"><span class=\"ls1 ws0\"> </span></span></span></td></tr><tr><td class=\"t m0 x289 h98 y2a0a ff53 fs39 fc2 sc0 ls2f ws4e\">legs<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">have beg<span class=\"_ _2\"></span>un, <span class=\"_ _2\"></span>they a<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span> update<span class=\"_ _2\"></span>d </span></span>fo<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">actual re<span class=\"_ _2\"></span>sults<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>the</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"> </span></span></td><td class=\"t m0 x28a h98 y2a0b ff53 fs39 fc2 sc0 ls30 ws50\">Reven<span class=\"_ _2\"></span>ue and<span class=\"_ _2\"></span> cos<span class=\"_ _2\"></span>t estim<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> up<span class=\"_ _2\"></span>dated<span class=\"_ _2\"></span> conti<span class=\"_ _2\"></span>nuall<span class=\"_ _2\"></span>y </td><td></td></tr><tr><td class=\"t m0 x289 h98 y2a0c ff53 fs39 fc2 sc0 ls53 ws80\">latest <span class=\"ls30 ws52\">upda<span class=\"_ _2\"></span>ted<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls48 ws72\">est<span class=\"_ _2\"></span>imates.</span></span></span><span class=\"ls30 ws52\"><span class=\"ls1 ws0\"><span class=\"ls48 ws72\"><span class=\"_ _2\"></span><span class=\"ff56 ls1 ws0\"> </span></span></span></span></td><td class=\"t m0 x28a h98 y2a0d ff53 fs39 fc2 sc0 ls30 ws4f\">throug<span class=\"_ _2\"></span>hout<span class=\"_ _2\"></span> the voy<span class=\"_ _2\"></span>age to acc<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> <span class=\"ls2f ws4e\">for<span class=\"ls1 ws0\"> </span></span><span class=\"ws50\">changes<span class=\"_ _2\"></span> in v<span class=\"_ _2\"></span>oyage</span><span class=\"ws50\"><span class=\"_ _2\"></span> </span></td><td class=\"t m0 x28b h98 y2a0d ff53 fs39 fc2 sc0 ls2f ws70\">At November 3<span class=\"_ _2\"></span>0, <span class=\"ls31 ws53\">202<span class=\"ls1 ws0\">5 <span class=\"_ _1\"></span><span class=\"ls30 ws52\">and<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ls31 ws53\">2024<span class=\"_ _2\"></span>,<span class=\"ls1 ws0\"> <span class=\"ls30 ws4f\">the accrued<span class=\"_ _2\"></span> voyag<span class=\"_ _2\"></span>e expe<span class=\"_ _2\"></span>nse</span></span></span></span></span></span><span class=\"ls31 ws53\"><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ls31 ws53\"><span class=\"ls1 ws0\"><span class=\"ls30 ws4f\"> </span></span></span></span></span></span></td></tr><tr><td></td><td class=\"t m0 x28a h98 y2a0e ff53 fs39 fc2 sc0 ls30 ws4f\">patte<span class=\"_ _2\"></span>rns, to i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>e the mos<span class=\"_ _2\"></span>t up<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls53 ws80\">to</span>-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">da<span class=\"_ _2\"></span>te dat<span class=\"_ _2\"></span>a and<span class=\"_ _2\"></span> to f<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>alise</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"_ _2\"></span> </span></span></td><td class=\"t m0 x28b h98 y2a0e ff53 fs39 fc2 sc0 ls30 ws50\">accou<span class=\"_ _2\"></span>nt wa<span class=\"_ _2\"></span>s $<span class=\"ls31 ws53\">68.8<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">million and $<span class=\"_ _2\"></span></span></span>70.9 <span class=\"ls2f ws75\">million, respectively, <span class=\"ls4a ws76\">of</span></span></span><span class=\"ls31 ws53\"><span class=\"ls2f ws75\"><span class=\"ls4a ws76\"><span class=\"ls1 ws0\"> </span></span></span></span></td></tr><tr><td></td><td class=\"t m0 x28a h98 y2a0f ff53 fs39 fc2 sc0 ls30 ws52\">revenue<span class=\"_ _2\"></span>s <span class=\"ls4b ws77\">and<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">expenses.</span></span></span><span class=\"ls4b ws77\"><span class=\"ls1 ws0\"><span class=\"ls2f ws4e\"> </span> </span></span></td><td class=\"t m0 x28b h98 y2a0f ff53 fs39 fc2 sc0 ls30 ws50\">which<span class=\"_ _2\"></span> $<span class=\"ls31 ws53\">35.3<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">million</span> </span></span>and $<span class=\"ls31 ws53\">40.2<span class=\"ls1 ws0\"> <span class=\"ls2f ws75\">million related to </span></span></span><span class=\"ws52\">cont<span class=\"_ _2\"></span>ract</span><span class=\"ws52\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x28b h98 y2a10 ff53 fs39 fc2 sc0 ls2f ws4e\">liabilities for<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">unearned<span class=\"_ _2\"></span></span> <span class=\"ls30 ws52\">revenues<span class=\"_ _2\"></span>.</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"> </span> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x28b h98 y2a11 ff53 fs39 fc2 sc0 ls30 ws50\">Prepai<span class=\"_ _2\"></span>d exp<span class=\"_ _2\"></span>enses<span class=\"_ _2\"></span> inc<span class=\"_ _2\"></span>luded<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">$2<span class=\"_ _1\"></span>4.4<span class=\"_ _1\"></span> <span class=\"ls2f ws70\">million and $<span class=\"ls31 ws53\">24.1</span></span> <span class=\"ls2f ws75\">million of</span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws75\"> </span></span></td></tr><tr><td></td><td></td><td class=\"t m0 x28b h98 y2a12 ff53 fs39 fc2 sc0 ls2f ws70\">prepaid invoice<span class=\"_ _2\"></span>s for voyages<span class=\"_ _2\"></span> in<span class=\"ls1 ws0\"> </span>progress applicable <span class=\"_ _2\"></span>to periods<span class=\"_ _2\"></span> </td></tr><tr><td></td><td></td><td class=\"t m0 x28b h98 y2a13 ff53 fs39 fc2 sc0 ls30 ws52\">subseq<span class=\"_ _2\"></span>uent<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">to <span class=\"_ _1\"></span><span class=\"ls31 ws51\">November 30, <span class=\"ws53\">202<span class=\"ls1 ws0\">5 <span class=\"ls30 ws52\">and <span class=\"_ _1\"></span><span class=\"ls31 ws53\">2024<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">respec<span class=\"_ _2\"></span>tively.</span></span></span></span></span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls53 ws80\"><span class=\"ls31 ws51\"><span class=\"ws53\"><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ls31 ws53\"><span class=\"ls1 ws0\"><span class=\"ls2f ws4e\"><span class=\"ls1 ws0\"> </span></span></span></span></span></span></span></span></span></span></td></tr></table><table class=\"s w129 h106\" id=\"_97da092a-713f-4ae3-9b58-078baf3d2ad1\"><tr><td class=\"c x24b y2a14 w4d hae\"><div class=\"t m0 x1a6 ha9 y1d8f ff5a fs3a fcb sc0 ls1f ws90\">Critic<span class=\"_ _2\"></span>al account<span class=\"_ _2\"></span>ing <span class=\"ls2c ws91\">e<span class=\"_ _2\"></span>stimate</span><span class=\"ls2c ws91\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x28c y2a14 w4e hae\"><div class=\"t m0 x1a6 ha9 y1d8f ff5a fs3a fcb sc0 ls27 ws5b\">Source<span class=\"_ _2\"></span>s of <span class=\"_ _2\"></span><span class=\"ls20 ws5a\">account<span class=\"_ _2\"></span>ing ju<span class=\"_ _2\"></span>dgement o<span class=\"_ _2\"></span>r <span class=\"ls1f ws90\">estim<span class=\"_ _2\"></span>ation u<span class=\"_ _2\"></span>ncerta<span class=\"_ _2\"></span>inty</span></span><span class=\"ls20 ws5a\"><span class=\"ls1f ws90\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x28d y2a14 w4f hae\"><div class=\"t m0 x1a6 ha9 y1d8f ff5a fs3a fcb sc0 ls1f ws90\">Effect if<span class=\"_ _2\"></span> actu<span class=\"_ _2\"></span>al re<span class=\"_ _2\"></span>sults dif<span class=\"_ _2\"></span>fer fro<span class=\"_ _2\"></span>m <span class=\"_ _2\"></span>assumptio<span class=\"_ _2\"></span>ns<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"t m0 x28e ha6 y2a15 ff59 fs3c fcb sc0 ls4d ws7a\">Depre<span class=\"_ _2\"></span>ciation<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>resid<span class=\"_ _2\"></span>ual va<span class=\"_ _2\"></span>lues<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td></td><td></td></tr><tr><td class=\"c x24b y2a16 w4d haf\"><div class=\"t m0 x1a6 h98 y1d94 ff5b fs39 fc2 sc0 ls30 ws50\">Ships,<span class=\"_ _2\"></span> barg<span class=\"_ _2\"></span>es, <span class=\"_ _2\"></span>tank<span class=\"_ _2\"></span> conta<span class=\"_ _2\"></span>ine<span class=\"_ _2\"></span>rs and<span class=\"_ _2\"></span> term<span class=\"_ _2\"></span>inal<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> dep<span class=\"_ _2\"></span>recia<span class=\"_ _2\"></span>ted <span class=\"_ _2\"></span>on </div></td><td class=\"c x28c y2a16 w4e haf\"><div class=\"t m0 x1a6 h98 y1d94 ff5b fs39 fc2 sc0 ls30 ws50\">In orde<span class=\"_ _2\"></span>r to<span class=\"_ _2\"></span> ac<span class=\"_ _2\"></span>hieve<span class=\"_ _2\"></span> comp<span class=\"_ _2\"></span>onent<span class=\"_ _2\"></span> ac<span class=\"_ _2\"></span>counting<span class=\"_ _2\"></span>, t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup u<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28d y2a16 w4f haf\"><div class=\"t m0 x1a6 h98 y1d94 ff5b fs39 fc2 sc0 ls2f ws70\">If the estim<span class=\"_ _2\"></span>ated economic<span class=\"_ _2\"></span> useful life<span class=\"_ _2\"></span> and resid<span class=\"_ _2\"></span>ual value<span class=\"ls1 ws0\"> <span class=\"ls30 ws4f\">has to</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws4f\"><span class=\"_ _2\"></span> </span></span></div></td></tr><tr><td class=\"t m0 x28e h98 y2a17 ff5b fs39 fc2 sc0 ls30 ws50\">a str<span class=\"_ _2\"></span>aight<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">line basis over t<span class=\"_ _2\"></span>heir estimated<span class=\"_ _2\"></span> useful li<span class=\"_ _2\"></span>ves, after</span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"> </span></span></td><td class=\"t m0 x28f h98 y2a17 ff5b fs39 fc2 sc0 ls2f ws70\">the weighted <span class=\"_ _2\"></span>average useful ec<span class=\"_ _2\"></span>onomic <span class=\"_ _2\"></span>life of the <span class=\"_ _2\"></span>asset. <span class=\"ls48 ws72\">In</span><span class=\"ls48 ws72\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></td><td class=\"t m0 x290 h98 y2a17 ff5b fs39 fc2 sc0 ls2f ws70\">be reduced in<span class=\"_ _2\"></span> future peri<span class=\"_ _2\"></span>ods,<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">an im<span class=\"_ _2\"></span>pairme<span class=\"_ _2\"></span>nt l<span class=\"_ _2\"></span>oss o<span class=\"_ _2\"></span>r add<span class=\"_ _2\"></span>itio<span class=\"_ _2\"></span>nal</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"> </span></span></td></tr><tr><td class=\"t m0 x28e h98 y2a18 ff5b fs39 fc2 sc0 ls30 ws52\">reduci<span class=\"_ _2\"></span>ng<span class=\"ls1 ws0\"> </span><span class=\"ws50\">for t<span class=\"_ _2\"></span>he est<span class=\"_ _2\"></span>imate<span class=\"_ _2\"></span>d <span class=\"_ _2\"></span>resid<span class=\"_ _2\"></span>ual v<span class=\"_ _2\"></span>alue.</span><span class=\"ws50\"><span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></span></td><td class=\"t m0 x28f h98 y2a18 ff5b fs39 fc2 sc0 ls30 ws50\">the cas<span class=\"_ _2\"></span>e <span class=\"ls60 ws4f\">of<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">ships, estimated u<span class=\"_ _2\"></span>seful lives o<span class=\"_ _2\"></span>f the comp<span class=\"_ _2\"></span>onents of</span></span></span><span class=\"ls60 ws4f\"><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"><span class=\"_ _2\"></span> </span></span></span></td><td class=\"t m0 x290 h98 y2a18 ff5b fs39 fc2 sc0 ls2f ws70\">depreciation expe<span class=\"_ _2\"></span>nse could <span class=\"_ _2\"></span>result. <span class=\"ls1 ws0\"> </span></td></tr><tr><td class=\"t m0 x28e h98 y2a19 ff5b fs39 fc2 sc0 ls2f ws70\">Estimated useful<span class=\"_ _2\"></span> lives are b<span class=\"_ _2\"></span>ased on p<span class=\"_ _2\"></span>ast experience,<span class=\"_ _2\"></span> expected </td><td class=\"t m0 x28f h98 y2a1a ff5b fs39 fc2 sc0 ls2f ws70\">the ships ra<span class=\"_ _2\"></span>nge from an<span class=\"_ _2\"></span> estimated 25 t<span class=\"_ _2\"></span>o 3<span class=\"ls1 ws0\">3 <span class=\"_ _1\"></span><span class=\"ls30 ws50\">y<span class=\"_ _2\"></span>ears.<span class=\"_ _2\"></span> Howe<span class=\"_ _2\"></span>ver,</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"_ _2\"></span> </span></span></td><td class=\"t m0 x290 h98 y2a19 ff5b fs39 fc2 sc0 ls2f ws70\">A decrease i<span class=\"_ _2\"></span>n the useful li<span class=\"_ _2\"></span>fe of <span class=\"_ _2\"></span>the ship, ba<span class=\"_ _2\"></span>rge, terminal o<span class=\"_ _2\"></span>r tank </td></tr><tr><td class=\"t m0 x28e h98 y2a1b ff5b fs39 fc2 sc0 ls30 ws50\">future<span class=\"_ _2\"></span> per<span class=\"_ _2\"></span>form<span class=\"_ _2\"></span>ance <span class=\"_ _2\"></span>and<span class=\"ls1 ws0\"> </span><span class=\"ff5c\">manage<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>\u2019s e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ate of<span class=\"_ _2\"></span> the p<span class=\"_ _2\"></span>eriod</span><span class=\"ff5c\"><span class=\"_ _2\"></span> </span></td><td class=\"t m0 x28f h98 y2a1c ff5b fs39 fc2 sc0 ls30 ws50\">actual<span class=\"_ _2\"></span> live<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> compo<span class=\"_ _2\"></span>nent<span class=\"_ _2\"></span>s o<span class=\"_ _2\"></span>f <span class=\"ws52\">ship<span class=\"_ _2\"></span></span>s or<span class=\"_ _2\"></span> barg<span class=\"_ _2\"></span>es m<span class=\"_ _2\"></span>ay be<span class=\"_ _2\"></span> </td><td class=\"t m0 x290 h98 y2a1b ff5b fs39 fc2 sc0 ls30 ws52\">contai<span class=\"_ _2\"></span>ner <span class=\"ls60 ws4f\">or<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls57 ws86\">fall <span class=\"_ _3\"></span><span class=\"ls2f ws4e\">in<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">t<span class=\"_ _2\"></span>he re<span class=\"_ _2\"></span>sidu<span class=\"_ _2\"></span>al va<span class=\"_ _2\"></span>lue w<span class=\"_ _2\"></span>ould <span class=\"ws52\">h<span class=\"_ _2\"></span>ave<span class=\"ls1 ws0\"> <span class=\"ls2f ws75\">the effect</span></span></span></span></span></span></span></span></span><span class=\"ls60 ws4f\"><span class=\"ls1 ws0\"><span class=\"ls57 ws86\"><span class=\"ls2f ws4e\"><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"ws52\"><span class=\"ls1 ws0\"> </span></span></span></span></span></span></span></span></td></tr><tr><td class=\"t m0 x28e h98 y2a1d ff5b fs39 fc2 sc0 ls2f ws70\">over which<span class=\"ls1 ws0\"> </span>the asset wi<span class=\"_ _2\"></span>ll provide <span class=\"_ _2\"></span>economic benefit.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x28f h98 y2a1e ff5b fs39 fc2 sc0 ls30 ws50\">differe<span class=\"_ _2\"></span>nt d<span class=\"_ _2\"></span>epend<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> on ma<span class=\"_ _2\"></span>ny f<span class=\"_ _2\"></span>actor<span class=\"_ _2\"></span>s suc<span class=\"_ _2\"></span>h as<span class=\"_ _2\"></span> qual<span class=\"_ _2\"></span>ity o<span class=\"_ _2\"></span>f </td><td class=\"t m0 x290 h98 y2a1d ff5b fs39 fc2 sc0 ls4a ws76\">of<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">increasi<span class=\"_ _2\"></span>ng the<span class=\"_ _2\"></span> an<span class=\"_ _2\"></span>nual d<span class=\"_ _2\"></span>epre<span class=\"_ _2\"></span>ciati<span class=\"_ _2\"></span>on c<span class=\"_ _2\"></span>harge<span class=\"_ _2\"></span> and p<span class=\"_ _2\"></span>ote<span class=\"_ _2\"></span>ntial<span class=\"_ _2\"></span>ly</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"> </span></span></td></tr><tr><td></td><td class=\"t m0 x28f h98 y2a1f ff5b fs39 fc2 sc0 ls30 ws50\">maint<span class=\"_ _2\"></span>enance<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> repa<span class=\"_ _2\"></span>ir a<span class=\"_ _2\"></span>nd the<span class=\"_ _2\"></span> ty<span class=\"_ _2\"></span>pe of<span class=\"_ _2\"></span> prod<span class=\"_ _2\"></span>uct c<span class=\"_ _2\"></span>arrie<span class=\"_ _2\"></span>d by<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x290 h98 y2a20 ff5b fs39 fc2 sc0 ls30 ws50\">resulti<span class=\"_ _2\"></span>ng i<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> </span>an imp<span class=\"_ _2\"></span>airme<span class=\"_ _2\"></span>nt l<span class=\"_ _2\"></span>oss.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td></tr><tr><td class=\"t m0 x28e h98 y2a21 ff5b fs39 fc2 sc0 ls30 ws50\">For s<span class=\"_ _2\"></span>hips a<span class=\"_ _2\"></span>nd b<span class=\"_ _2\"></span>arge<span class=\"_ _2\"></span>s, re<span class=\"_ _2\"></span>sidual<span class=\"_ _2\"></span> va<span class=\"_ _2\"></span>lues<span class=\"_ _2\"></span> are e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> based<span class=\"_ _2\"></span> on<span class=\"_ _2\"></span> </td><td class=\"t m0 x28f h98 y2a22 ff5b fs39 fc2 sc0 ls47 ws82\">the s<span class=\"_ _1\"></span>hips or barge<span class=\"_ _1\"></span>s<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws52\">w<span class=\"_ _2\"></span>hich<span class=\"ls1 ws0\"> </span><span class=\"ws50\">may r<span class=\"_ _2\"></span>esul<span class=\"_ _2\"></span>t in <span class=\"_ _2\"></span><span class=\"ls1 ws0\">a <span class=\"_ _1\"></span><span class=\"ls30 ws50\">shor<span class=\"_ _2\"></span>ter o<span class=\"_ _2\"></span>r lo<span class=\"_ _2\"></span>nger</span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ws50\"><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span></span></td><td></td></tr><tr><td class=\"t m0 x28e h98 y2a23 ff5b fs39 fc2 sc0 ls2f ws70\">the steel p<span class=\"_ _2\"></span>rice, the es<span class=\"_ _2\"></span>timated ligh<span class=\"_ _2\"></span>t displacement<span class=\"_ _2\"></span> tonnage of<span class=\"_ _2\"></span> </td><td class=\"t m0 x28f h98 y2a24 ff5b fs39 fc2 sc0 ls2f ws4e\">life. <span class=\"ls30 ws52\">Future<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">useful<span class=\"_ _2\"></span> lives could be<span class=\"_ _2\"></span> reduc<span class=\"ls61 ws89\">ed<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">based<span class=\"_ _2\"></span></span> <span class=\"ls60 ws4f\">on<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">custom<span class=\"_ _2\"></span>er</span></span></span></span></span></span></span></span><span class=\"ls30 ws52\"><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"><span class=\"ls61 ws89\"><span class=\"ls1 ws0\"><span class=\"ls60 ws4f\"><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"> </span></span></span></span></span></span></span></span></td><td class=\"t m0 x290 h98 y2a23 ff5b fs39 fc2 sc0 ls30 ws50\">If the<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">steel price used i<span class=\"_ _2\"></span>n the</span> </span>resid<span class=\"_ _2\"></span>ual v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> <span class=\"ws52\">calc<span class=\"_ _2\"></span>ulati<span class=\"_ _2\"></span>on <span class=\"ls2f ws4e\">is</span></span><span class=\"ws52\"><span class=\"ls2f ws4e\"> </span></span></td></tr><tr><td class=\"t m0 x28e h98 y2a25 ff5b fs39 fc2 sc0 ls30 ws52\">the<span class=\"ls1 ws0\"> </span><span class=\"ws50\">fleet <span class=\"_ _2\"></span>and c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>nt t<span class=\"_ _2\"></span>rends <span class=\"_ _2\"></span>in t<span class=\"_ _2\"></span>he p<span class=\"_ _2\"></span>rice<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>recyc<span class=\"_ _2\"></span>ling o<span class=\"_ _2\"></span>f s<span class=\"_ _2\"></span>hips.<span class=\"_ _2\"></span> For</span><span class=\"ws50\"> </span></td><td class=\"t m0 x28f h98 y2a26 ff5b fs39 fc2 sc0 ls2f ws4e\">preferences,<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">new</span> </span><span class=\"ws75\">technological advances<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _3\"></span><span class=\"ls30 ws4f\">g<span class=\"_ _2\"></span>over<span class=\"_ _2\"></span>nment<span class=\"_ _2\"></span>al and</span></span></span><span class=\"ws75\"><span class=\"ls1 ws0\"><span class=\"ls30 ws4f\"><span class=\"_ _2\"></span> </span></span></span></td><td class=\"t m0 x290 h98 y2a25 ff5b fs39 fc2 sc0 ls53 ws80\">overesti<span class=\"_ _2\"></span>mated<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">by 10%<span class=\"ls30 ws50\">, this<span class=\"_ _2\"></span></span></span> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">wo<span class=\"_ _2\"></span>ul<span class=\"_ _2\"></span>d underst<span class=\"_ _2\"></span>ate<span class=\"ls1 ws0\"> </span><span class=\"ws4f\">the annu<span class=\"_ _2\"></span>al</span></span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ws4f\"> </span></span></span></td></tr><tr><td class=\"t m0 x28e h98 y2a27 ff5b fs39 fc2 sc0 ls30 ws50\">the m<span class=\"_ _2\"></span>ajori<span class=\"_ _2\"></span>ty of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> flee<span class=\"_ _2\"></span>t, the<span class=\"_ _2\"></span> s<span class=\"_ _2\"></span>teel p<span class=\"_ _2\"></span>rice<span class=\"_ _2\"></span> used<span class=\"_ _2\"></span> is <span class=\"_ _2\"></span>the a<span class=\"_ _2\"></span>verage<span class=\"_ _2\"></span> </td><td class=\"t m0 x28f h98 y2a28 ff5b fs39 fc2 sc0 ls30 ws52\">indust<span class=\"_ _2\"></span>ry<span class=\"ls1 ws0\"> </span>regul<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span><span class=\"ws50\">and the<span class=\"_ _2\"></span> <span class=\"ls2f ws4e\">effects<span class=\"ls1 ws0\"> </span></span>of cl<span class=\"_ _2\"></span>imate<span class=\"_ _2\"></span> c<span class=\"_ _2\"></span>hanges<span class=\"ls1 ws0\">.</span></span><span class=\"ws50\"><span class=\"ls1 ws0\"> </span></span></td><td class=\"t m0 x290 h98 y2a27 ff5b fs39 fc2 sc0 ls30 ws4f\">deprec<span class=\"_ _2\"></span>iatio<span class=\"_ _2\"></span>n and<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">o<span class=\"_ _2\"></span>verst<span class=\"_ _2\"></span>ate t<span class=\"_ _2\"></span>he v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he as<span class=\"_ _2\"></span>sets<span class=\"_ _2\"></span> <span class=\"ls4a ws74\">for S<span class=\"_ _2\"></span>TC by</span></span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"ls4a ws74\"><span class=\"_ _2\"></span> </span></span></span></td></tr><tr><td class=\"t m0 x28e h98 y2a29 ff5b fs39 fc2 sc0 ls2f ws4e\">steel<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">price fo<span class=\"_ _2\"></span>r th<span class=\"_ _2\"></span>e last<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>ree ye<span class=\"_ _2\"></span>ars. <span class=\"_ _2\"></span>For s<span class=\"_ _2\"></span>hips<span class=\"_ _2\"></span> </span></span>expected<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls4a ws74\">t<span class=\"_ _2\"></span>o be</span></span><span class=\"ls1 ws0\"><span class=\"ls4a ws74\"> </span></span></td><td class=\"t m0 x28f h98 y2a2a ff5b fs39 fc2 sc0 ls30 ws50\">In the<span class=\"_ _2\"></span> case<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> tank<span class=\"_ _2\"></span> conta<span class=\"_ _2\"></span>ine<span class=\"_ _2\"></span>rs,<span class=\"ls1 ws0\"> <span class=\"ls2f ws75\">the estimated useful life ranges</span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws75\"> </span></span></td><td class=\"t m0 x290 h98 y2a29 ff5b fs39 fc2 sc0 ls2f ws70\">$0.9 million <span class=\"_ _2\"></span>and for Ta<span class=\"_ _2\"></span>nkers by $<span class=\"_ _2\"></span><span class=\"ls31 ws53\">12.5<span class=\"ls1 ws0\"> </span></span><span class=\"ws4e\">million<span class=\"ls1 ws0\">.</span></span><span class=\"ws4e\"><span class=\"ls1 ws0\"> </span></span></td></tr><tr><td class=\"t m0 x28e h98 y2a2b ff5b fs39 fc2 sc0 ls2f ws70\">recycled in t<span class=\"_ _2\"></span>he next t<span class=\"_ _2\"></span>hree years, t<span class=\"_ _2\"></span>he steel price<span class=\"_ _2\"></span> at the p<span class=\"_ _2\"></span>revious </td><td class=\"t m0 x28f h98 y2a2c ff5b fs39 fc2 sc0 ls31 ws51\">between 10 <span class=\"ls30 ws52\">and<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">20 years, dep<span class=\"_ _2\"></span>ending on t<span class=\"_ _2\"></span>he supplier</span> <span class=\"ls4b ws77\">and<span class=\"_ _2\"></span></span> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">t<span class=\"_ _2\"></span>he</span></span></span><span class=\"ls30 ws52\"><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"> </span></span></span></td><td class=\"t m0 x290 h98 y2a2d ff5b fs39 fc2 sc0 ls2f ws70\">If the lives <span class=\"_ _2\"></span>of the deep<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls30 ws4f\">sea ships<span class=\"_ _2\"></span> is</span> </span>overestimated by 10<span class=\"_ _2\"></span>%, this </td></tr><tr><td class=\"t m0 x28e h98 y2a2e ff5b fs39 fc2 sc0 ls30 ws52\">year<span class=\"ls1 ws0\">-</span>end<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">date is u<span class=\"_ _2\"></span>sed.</span></span><span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x28f h98 y2a2f ff5b fs39 fc2 sc0 ls30 ws4f\">qualit<span class=\"_ _2\"></span>y of<span class=\"ls1 ws0\"> <span class=\"ls2f ws75\">steel used. </span></span><span class=\"ws50\">Term<span class=\"_ _2\"></span>inals<span class=\"_ _2\"></span> tanks<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> struc<span class=\"_ _2\"></span>tu<span class=\"_ _2\"></span>res h<span class=\"_ _2\"></span>ave li<span class=\"_ _2\"></span>ves</span><span class=\"ws50\"><span class=\"_ _2\"></span> </span></td><td class=\"t m0 x290 h98 y2a30 ff5b fs39 fc2 sc0 ls30 ws50\">would <span class=\"_ _2\"></span>under<span class=\"_ _2\"></span>state<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> annu<span class=\"_ _2\"></span>al d<span class=\"_ _2\"></span>epreci<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n and<span class=\"_ _2\"></span> over<span class=\"_ _2\"></span>state<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> </td></tr><tr><td class=\"t m0 x28e h98 y2a31 ff5b fs39 fc2 sc0 ls2f ws70\">The evaluation <span class=\"_ _2\"></span>of residual <span class=\"_ _2\"></span>values and e<span class=\"_ _2\"></span>stimated useful<span class=\"_ _2\"></span> lives fo<span class=\"_ _2\"></span>r </td><td class=\"t m0 x28f h98 y2a32 ff5b fs39 fc2 sc0 ls30 ws50\">up to 4<span class=\"_ _2\"></span>0 y<span class=\"_ _2\"></span>ears.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x290 h98 y2a31 ff5b fs39 fc2 sc0 ls30 ws50\">value <span class=\"_ _2\"></span>of the<span class=\"_ _2\"></span> as<span class=\"_ _2\"></span>sets <span class=\"_ _2\"></span>for T<span class=\"_ _2\"></span>anke<span class=\"_ _2\"></span>rs b<span class=\"_ _2\"></span>y $1<span class=\"_ _2\"></span>2.4 m<span class=\"_ _2\"></span>illi<span class=\"_ _2\"></span>on.<span class=\"ls1 ws0\"> </span></td></tr><tr><td class=\"t m0 x28e h98 y2a33 ff5b fs39 fc2 sc0 ls30 ws50\">tank co<span class=\"_ _2\"></span>ntai<span class=\"_ _2\"></span>ner<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">is based on the<span class=\"_ _2\"></span> steel price<span class=\"_ _2\"></span> of <span class=\"ws4e\">diffe<span class=\"_ _2\"></span>rent</span></span> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">g<span class=\"_ _2\"></span>rade<span class=\"_ _2\"></span>s</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"> </span></span></td><td class=\"t m0 x28f h98 y2a34 ff5b fs39 fc2 sc0 ls2f ws70\">Residual values<span class=\"_ _2\"></span> are diffic<span class=\"_ _2\"></span>ult to es<span class=\"_ _2\"></span>timate given<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">t<span class=\"_ _2\"></span>he long lives <span class=\"_ _2\"></span>of</span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"> </span></span></td><td class=\"t m0 x290 h98 y2a35 ff5b fs39 fc2 sc0 ls2f ws70\">See Note 14 fo<span class=\"_ _2\"></span>r further<span class=\"_ _2\"></span> details.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td></tr><tr><td class=\"t m0 x28e h98 y2a36 ff5b fs39 fc2 sc0 ls4a ws76\">of<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">steel.</span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws4e\"> </span> </span></td><td class=\"t m0 x28f h98 y2a37 ff5b fs39 fc2 sc0 ls30 ws50\">ships<span class=\"_ _2\"></span>, barge<span class=\"_ _2\"></span>s, t<span class=\"_ _2\"></span>ermi<span class=\"_ _2\"></span>nal<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span>and tank<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws4f\">containe<span class=\"_ _2\"></span>rs, the<span class=\"_ _2\"></span> unce<span class=\"_ _2\"></span>rtain<span class=\"_ _2\"></span>ty as</span><span class=\"ws4f\"> </span></td><td></td></tr><tr><td class=\"t m0 x28e h98 y2a38 ff5b fs39 fc2 sc0 ls30 ws50\">In the<span class=\"_ _2\"></span> case<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> term<span class=\"_ _2\"></span>inals<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> li<span class=\"_ _2\"></span>ves of<span class=\"_ _2\"></span> term<span class=\"_ _2\"></span>inals<span class=\"_ _2\"></span> ca<span class=\"_ _2\"></span>n rang<span class=\"_ _2\"></span>e up<span class=\"_ _2\"></span> to </td><td class=\"t m0 x28f h98 y2a39 ff5b fs39 fc2 sc0 ls53 ws80\">to<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">future economic</span> <span class=\"ls30 ws4f\">condit<span class=\"_ _2\"></span>ions<span class=\"_ _2\"></span> and the<span class=\"_ _2\"></span></span> <span class=\"ls30 ws52\">price <span class=\"ls4a ws76\">of</span></span> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">s<span class=\"_ _2\"></span>teel, which is</span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"><span class=\"_ _2\"></span> </span></span></td><td></td></tr><tr><td class=\"t m0 x28e h98 y2a3a ff5b fs39 fc2 sc0 ls30 ws50\">40 ye<span class=\"_ _2\"></span>ars and<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he pri<span class=\"_ _2\"></span>ces <span class=\"ls60 ws4f\">of<span class=\"ls1 ws0\"> </span></span>steel<span class=\"_ _2\"></span> and co<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ucti<span class=\"_ _2\"></span>on cos<span class=\"_ _2\"></span>ts c<span class=\"_ _2\"></span>an va<span class=\"_ _2\"></span>ry </td><td class=\"t m0 x28f h98 y2a3b ff5b fs39 fc2 sc0 ls30 ws50\">conside<span class=\"_ _2\"></span>red<span class=\"_ _2\"></span> as t<span class=\"_ _2\"></span>he m<span class=\"_ _2\"></span>ain de<span class=\"_ _2\"></span>termi<span class=\"_ _2\"></span>nant<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">the <span class=\"_ _2\"></span>residual p<span class=\"_ _2\"></span>rice.</span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"> <span class=\"ls1 ws0\"> </span></span></span></td><td></td></tr><tr><td class=\"c x291 y2a3f w12a h107\"><div class=\"t m0 x245 h98 y2a3c ff5b fs39 fc2 sc0 ls30 ws50\">across<span class=\"_ _2\"></span> diff<span class=\"_ _2\"></span>eren<span class=\"_ _2\"></span>t term<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>ls. I<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>here is<span class=\"_ _2\"></span> a m<span class=\"_ _2\"></span>ateri<span class=\"_ _2\"></span>al c<span class=\"_ _2\"></span>hange<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">in the<span class=\"_ _195\"> </span></span></span></div><div class=\"t m0 x245 h98 y2a3d ff5b fs39 fc2 sc0 ls2f ws75\">estimated life of the terminal or <span class=\"ls30 ws52\">pric<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> </span></span><span class=\"ws70\">of steel, then t<span class=\"_ _2\"></span>he<span class=\"_ _195\"> </span></span></div><div class=\"t m0 x245 h98 y2a3e ff5b fs39 fc2 sc0 ls2f ws70\">estimates are <span class=\"_ _2\"></span>revised.<span class=\"_ _195\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x291 y2a40 w12b h108\"><div class=\"t m0 x245 h98 y2a3d ff5b fs39 fc2 sc0 ls30 ws50\">Both e<span class=\"_ _2\"></span>stima<span class=\"_ _2\"></span>ted<span class=\"_ _2\"></span> useful<span class=\"_ _2\"></span> li<span class=\"_ _2\"></span>ves a<span class=\"_ _2\"></span>nd t<span class=\"_ _2\"></span>he re<span class=\"_ _2\"></span>sid<span class=\"_ _2\"></span>ual v<span class=\"_ _2\"></span>alues<span class=\"_ _2\"></span> are<span class=\"_ _195\"> </span></div><div class=\"t m0 x245 h98 y2a3e ff5b fs39 fc2 sc0 ls30 ws50\">evalua<span class=\"_ _2\"></span>ted <span class=\"_ _2\"></span>annual<span class=\"_ _2\"></span>ly, <span class=\"_ _2\"></span>and t<span class=\"_ _2\"></span>he e<span class=\"_ _2\"></span>ffec<span class=\"_ _2\"></span>t of<span class=\"ls1 ws0\"> </span>any<span class=\"_ _2\"></span> change<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> consi<span class=\"_ _2\"></span>dere<span class=\"_ _2\"></span>d<span class=\"_ _195\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x291 y2a41 w12c h108\"><div class=\"t m0 x245 h98 y2a3d ff5b fs39 fc2 sc0 ls30 ws4f\">as a revi<span class=\"_ _2\"></span>sion<span class=\"_ _2\"></span> of<span class=\"ls1 ws0\"> </span><span class=\"ws50\">accounti<span class=\"_ _2\"></span>ng e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ates, <span class=\"_ _2\"></span>and t<span class=\"_ _2\"></span>he <span class=\"ls2f ws4e\">effec<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\"> <span class=\"ls48 ws72\">is<span class=\"_ _195\"> </span></span></span></span></span></div><div class=\"t m0 x245 h98 y2a3e ff5b fs39 fc2 sc0 ls2f ws4e\">reflected<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">in the<span class=\"_ _2\"></span> fut<span class=\"_ _2\"></span>ure de<span class=\"_ _2\"></span>prec<span class=\"_ _2\"></span>iati<span class=\"_ _2\"></span>on c<span class=\"_ _2\"></span>harge.<span class=\"_ _195\"> </span></span></span></div></td><td></td><td></td></tr></table><table class=\"s w12d h109\" id=\"_b417bcab-2193-4aa5-9b56-5d2a1751e05d\"><tr><td class=\"c x286 y2a42 w4d hae\"><div class=\"t m0 x1a6 ha9 y1d8f ff60 fs3a fcb sc0 ls1f ws90\">Critic<span class=\"_ _2\"></span>al account<span class=\"_ _2\"></span>ing <span class=\"ls2c ws91\">e<span class=\"_ _2\"></span>stimate</span><span class=\"ls2c ws91\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x287 y2a42 w4e hae\"><div class=\"t m0 x1a6 ha9 y1d8f ff60 fs3a fcb sc0 ls27 ws5b\">Source<span class=\"_ _2\"></span>s of <span class=\"_ _2\"></span><span class=\"ls20 ws5a\">account<span class=\"_ _2\"></span>ing ju<span class=\"_ _2\"></span>dgement o<span class=\"_ _2\"></span>r <span class=\"ls1f ws90\">estim<span class=\"_ _2\"></span>ation u<span class=\"_ _2\"></span>ncerta<span class=\"_ _2\"></span>inty</span></span><span class=\"ls20 ws5a\"><span class=\"ls1f ws90\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td></td><td class=\"c x288 y2a42 w4f hae\"><div class=\"t m0 x1a6 ha9 y1d8f ff60 fs3a fcb sc0 ls1f ws90\">Effect if<span class=\"_ _2\"></span> actu<span class=\"_ _2\"></span>al re<span class=\"_ _2\"></span>sults dif<span class=\"_ _2\"></span>fer fro<span class=\"_ _2\"></span>m <span class=\"_ _2\"></span>assumptio<span class=\"_ _2\"></span>ns<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"t m0 x289 ha6 y2a43 ff5f fs3c fcb sc0 ls1 ws0\">I<span class=\"_ _1\"></span><span class=\"ls56 ws85\">mpa<span class=\"_ _2\"></span>irmen<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\"> <span class=\"ls62 ws88\">rev<span class=\"_ _1\"></span>iew</span></span></span><span class=\"ls56 ws85\"><span class=\"ls1 ws0\"><span class=\"ls62 ws88\"><span class=\"ls1 ws0\"> </span></span></span></span></td><td></td><td></td><td></td></tr><tr><td class=\"c x286 y2a44 w4d hb0\"><div class=\"t m0 x1a6 h98 y1dc6 ff61 fs39 fc2 sc0 ls2f ws70\">As of Novem<span class=\"_ _2\"></span>ber 30, 20<span class=\"_ _2\"></span><span class=\"ws75\">25, the Group reviewed possible</span><span class=\"ws75\"> </span></div></td><td class=\"c x287 y2a44 w4e hb0\"><div class=\"t m0 x1a6 h98 y1dc6 ff61 fs39 fc2 sc0 ls30 ws50\">Based<span class=\"_ _2\"></span> on m<span class=\"_ _2\"></span>anage<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> judgem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> and p<span class=\"_ _2\"></span>ast<span class=\"_ _2\"></span> expe<span class=\"_ _2\"></span>rience<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> </div></td><td></td><td class=\"c x288 y2a44 w50 hb0\"><div class=\"t m0 x1a6 h98 y1dc6 ff61 fs39 fc2 sc0 ls30 ws50\">If the<span class=\"_ _2\"></span> <span class=\"ws52\">ass<span class=\"_ _2\"></span>umpt<span class=\"_ _2\"></span>ions<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">applied in<span class=\"_ _2\"></span> determining <span class=\"_ _2\"></span>the recoverable</span></span></span><span class=\"ws52\"><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"> </span></span></span></div></td></tr><tr><td class=\"t m0 x289 h98 y2a45 ff61 fs39 fc2 sc0 ls2f ws70\">impairment t<span class=\"_ _2\"></span>riggers<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws52\">noti<span class=\"_ _2\"></span>ng<span class=\"ls1 ws0\"> </span>that<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>he <span class=\"ls57 ws86\">e<span class=\"_ _1\"></span>quity<span class=\"_ _1\"></span> <span class=\"ls30 ws4f\">of the<span class=\"ls1 ws0\"> </span><span class=\"ws50\">Group<span class=\"_ _2\"></span> was</span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ls57 ws86\"><span class=\"ls30 ws4f\"><span class=\"ws50\"><span class=\"_ _2\"></span> </span></span></span></span></span></td><td class=\"t m0 x28a h98 y2a45 ff61 fs39 fc2 sc0 ls2f ws4e\">following <span class=\"ls30 ws52\">material<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws50\">assump<span class=\"_ _2\"></span>tions<span class=\"_ _2\"></span> we<span class=\"_ _2\"></span>re used<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> VIU</span></span><span class=\"ls30 ws52\"><span class=\"ws50\"><span class=\"_ _2\"></span> </span></span></td><td></td><td class=\"t m0 x28b h98 y2a45 ff61 fs39 fc2 sc0 ls30 ws52\">amount<span class=\"_ _2\"></span> <span class=\"ws50\">of the <span class=\"_ _2\"></span>assets<span class=\"_ _2\"></span> </span>are<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws50\">incorre<span class=\"_ _2\"></span>ct o<span class=\"_ _2\"></span>r the<span class=\"_ _2\"></span> fact<span class=\"_ _2\"></span> pa<span class=\"_ _2\"></span>ttern<span class=\"_ _2\"></span> on w<span class=\"_ _2\"></span>hich</span><span class=\"ws50\"><span class=\"_ _2\"></span> </span></td></tr><tr><td class=\"t m0 x289 h98 y2a46 ff61 fs39 fc2 sc0 ls30 ws50\">more <span class=\"_ _2\"></span>than i<span class=\"_ _2\"></span>ts m<span class=\"_ _2\"></span>arke<span class=\"_ _2\"></span>t cap<span class=\"_ _2\"></span>italis<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on.<span class=\"_ _2\"></span> In <span class=\"_ _2\"></span>accord<span class=\"_ _2\"></span>ance w<span class=\"_ _2\"></span>ith<span class=\"_ _2\"></span> IAS 36<span class=\"_ _2\"></span>, </td><td class=\"t m0 x28a h98 y2a46 ff61 fs39 fc2 sc0 ls30 ws52\">calcul<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span>s:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td></td><td class=\"t m0 x28b h98 y2a46 ff61 fs39 fc2 sc0 ls30 ws50\">they a<span class=\"_ _2\"></span>re<span class=\"ls1 ws0\"> </span>based<span class=\"_ _2\"></span> chang<span class=\"_ _2\"></span>es,<span class=\"_ _2\"></span> this<span class=\"_ _2\"></span> cou<span class=\"_ _2\"></span>ld re<span class=\"_ _2\"></span>sult <span class=\"_ _2\"></span>in i<span class=\"_ _2\"></span>mpai<span class=\"_ _2\"></span>rmen<span class=\"_ _2\"></span>ts be<span class=\"_ _2\"></span>ing </td></tr><tr><td class=\"t m0 x289 h98 y2a47 ff61 fs39 fc2 sc0 ls2f ws70\">Impairment of<span class=\"_ _2\"></span> Assets, t<span class=\"_ _2\"></span>his is a t<span class=\"_ _2\"></span>rigger<span class=\"ls1 ws0\"> <span class=\"ls53 ws7d\">to review<span class=\"_ _2\"></span></span> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">f<span class=\"_ _2\"></span>or im<span class=\"_ _2\"></span>pairm<span class=\"_ _2\"></span>ent<span class=\"ls50 ws7d\">.</span></span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"ls50 ws7d\"> </span></span></span></td><td class=\"c n x292 y2a49 w12e h103\"><div class=\"t m0 x245 h98 y2a48 ff63 fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2a4b w12f h10a\"><div class=\"t m0 x245 h98 y2a4a ff61 fs39 fc2 sc0 ls30 ws50\">For Tanke<span class=\"_ _2\"></span>rs, <span class=\"_ _2\"></span>assum<span class=\"_ _2\"></span>pti<span class=\"_ _2\"></span>ons<span class=\"ls1 ws0\"> <span class=\"ls4a ws76\">of</span> <span class=\"ls2f ws70\">time charter eq<span class=\"_ _2\"></span>uivalent </span>(<span class=\"ls2f ws4e\">TCE</span>)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x28b h98 y2a47 ff61 fs39 fc2 sc0 ls2f ws75\">reflected in the Consolidated Fin<span class=\"_ _2\"></span>ancial Statements.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td></tr><tr><td class=\"t m0 x289 h98 y2a4c ff61 fs39 fc2 sc0 ls30 ws50\">As suc<span class=\"_ _2\"></span>h,<span class=\"ls1 ws0\"> </span><span class=\"ws52\">the<span class=\"ls1 ws0\"> </span></span>Group<span class=\"_ _2\"></span> has<span class=\"_ _2\"></span> perf<span class=\"_ _2\"></span>orme<span class=\"_ _2\"></span>d an <span class=\"_ _2\"></span>assessm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> to d<span class=\"_ _2\"></span>eterm<span class=\"_ _2\"></span>ine </td><td class=\"t m0 x294 h98 y2a4d ff61 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">per ope<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ng d<span class=\"_ _2\"></span>ay<span class=\"ls1 ws0\"> (<span class=\"_ _1\"></span><span class=\"ls30 ws50\">a<span class=\"_ _2\"></span> prof<span class=\"_ _2\"></span>it me<span class=\"_ _2\"></span>asure<span class=\"_ _2\"></span> of op<span class=\"_ _2\"></span>era<span class=\"_ _2\"></span>ting r<span class=\"_ _2\"></span>eve<span class=\"_ _2\"></span>nue le<span class=\"_ _2\"></span>ss</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"> </span></span></td><td class=\"t m0 x28b h98 y2a4e ff61 fs39 fc2 sc0 ls30 ws50\">Based<span class=\"_ _2\"></span> on im<span class=\"_ _2\"></span>pairm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> work<span class=\"_ _2\"></span> pe<span class=\"_ _2\"></span>rforme<span class=\"_ _2\"></span>d,<span class=\"ls1 ws0\"> <span class=\"ls4a ws76\">no <span class=\"_ _1\"></span><span class=\"ls2f ws70\">pl<span class=\"_ _2\"></span>ausible movemen<span class=\"_ _2\"></span>t</span></span></span><span class=\"ls1 ws0\"><span class=\"ls4a ws76\"><span class=\"ls2f ws70\"> </span></span></span></td></tr><tr><td class=\"t m0 x289 h98 y2a4f ff61 fs39 fc2 sc0 ls30 ws50\">its re<span class=\"_ _2\"></span>cover<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span> amo<span class=\"_ _2\"></span>unt.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws4f\">In<span class=\"_ _2\"></span> additi<span class=\"_ _2\"></span>on, in Te<span class=\"_ _2\"></span>rmi<span class=\"_ _2\"></span>nals, t<span class=\"_ _2\"></span>he Austr<span class=\"_ _2\"></span>alia</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws4f\"> </span></span></td><td class=\"t m0 x294 h98 y2a50 ff61 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">variabl<span class=\"_ _2\"></span>e v<span class=\"_ _2\"></span>oyage<span class=\"_ _2\"></span> expe<span class=\"_ _2\"></span>nses<span class=\"ls1 ws0\">, </span>includi<span class=\"_ _2\"></span>ng b<span class=\"_ _2\"></span>unker c<span class=\"_ _2\"></span>os<span class=\"_ _2\"></span>ts<span class=\"ls1 ws0\">) <span class=\"_ _1\"></span><span class=\"ls2f ws70\">on exist<span class=\"_ _2\"></span>ing</span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"> </span></span></td><td class=\"t m0 x28b h98 y2a51 ff61 fs39 fc2 sc0 ls2f ws70\">of material a<span class=\"_ _2\"></span>ssumptions would<span class=\"_ _2\"></span> lead to<span class=\"_ _2\"></span> <span class=\"ls30 ws52\">imp<span class=\"_ _2\"></span>airme<span class=\"_ _2\"></span>nt <span class=\"ws50\">for Ta<span class=\"_ _2\"></span>nkers</span></span><span class=\"ls30 ws52\"><span class=\"ws50\"><span class=\"_ _2\"></span> </span></span></td></tr><tr><td class=\"t m0 x289 h98 y2a52 ff61 fs39 fc2 sc0 ls30 ws52\">termi<span class=\"_ _2\"></span>nal <span class=\"ls48 ws72\">cash<span class=\"ls1 ws0\">-</span></span>generat<span class=\"_ _2\"></span>ing unit<span class=\"_ _2\"></span><span class=\"ff62 ls49 ws78\">\u2019s</span><span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">(CGU<span class=\"_ _2\"></span>)</span> </span>results<span class=\"_ _2\"></span> <span class=\"ls2f ws70\">remained lower<span class=\"ls1 ws0\"> </span></span></td><td class=\"t m0 x294 h98 y2a53 ff61 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">and fu<span class=\"_ _2\"></span>ture<span class=\"_ _2\"></span> con<span class=\"_ _2\"></span>tract<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>spo<span class=\"_ _2\"></span>t mark<span class=\"_ _2\"></span>et<span class=\"ls59 ws95\">, </span>duri<span class=\"_ _2\"></span>ng the<span class=\"_ _2\"></span> pro<span class=\"_ _2\"></span>ject </td><td class=\"t m0 x28b h98 y2a54 ff61 fs39 fc2 sc0 ls30 ws4f\">and Ave<span class=\"_ _2\"></span>nir (usi<span class=\"_ _2\"></span>ng FVL<span class=\"_ _2\"></span>CTS)<span class=\"_ _2\"></span> or STC o<span class=\"_ _2\"></span>r SSF (using<span class=\"_ _2\"></span> VI<span class=\"_ _2\"></span>U). For the<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td></tr><tr><td class=\"c x246 y2a56 w130 h10b\"><div class=\"t m0 x245 h98 y2a55 ff61 fs39 fc2 sc0 ls47 ws71\">than <span class=\"_ _3\"></span><span class=\"ff62 ls30 ws52\">m<span class=\"_ _2\"></span>anagem<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span>\u2019<span class=\"ff61 ls1 ws0\"> </span><span class=\"ff61\">projec<span class=\"_ _2\"></span>tions<span class=\"_ _2\"></span><span class=\"ls2f ws70\">, which<span class=\"_ _2\"></span> is also a<span class=\"_ _2\"></span> trigger fo<span class=\"_ _2\"></span>r<span class=\"_ _195\"> </span></span></span></span></div><div class=\"t m0 x245 h98 y2a4a ff61 fs39 fc2 sc0 ls30 ws52\">that<span class=\"ls1 ws0\"> <span class=\"ls4f ws7c\">CGU</span>.<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x294 h98 y2a57 ff61 fs39 fc2 sc0 ls2f ws70\" colspan=\"2\">period from 202<span class=\"_ _2\"></span><span class=\"ls1 ws0\">6 <span class=\"_ _1\"></span><span class=\"ls53 ws32\">to 2<span class=\"_ _2\"></span>0<span class=\"ls31 ws53\">30<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">for the deep</span>-<span class=\"ls2f ws70\">sea fleet (ad<span class=\"_ _2\"></span>justed for</span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls53 ws32\"><span class=\"ls31 ws53\"><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"> </span></span></span></span></span></td><td class=\"t m0 x28b h98 y2a58 ff61 fs39 fc2 sc0 ls1 ws0\">T<span class=\"ls30 ws52\">erminal<span class=\"ls2f ws70\">s<span class=\"_ _2\"></span>, though, limi<span class=\"_ _2\"></span>ted headroom wa<span class=\"_ _2\"></span>s identified<span class=\"_ _2\"></span> at the</span></span><span class=\"ls30 ws52\"><span class=\"ls2f ws70\"> </span></span></td></tr><tr><td></td><td class=\"t m0 x294 h98 y2a59 ff61 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">capacit<span class=\"_ _2\"></span>y ch<span class=\"_ _2\"></span>ange<span class=\"_ _2\"></span>s) i<span class=\"_ _2\"></span>s an a<span class=\"_ _2\"></span>verag<span class=\"_ _2\"></span>e <span class=\"ls2f ws4e\">in</span>cre<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span> of <span class=\"ls48 ws72\">1.2<span class=\"_ _2\"></span>%<span class=\"ls1 ws0\"> <span class=\"ls4b ws77\">and</span> <span class=\"ls2f ws75\">for the</span></span></span><span class=\"ls48 ws72\"><span class=\"ls1 ws0\"><span class=\"ls2f ws75\"> </span></span></span></td><td class=\"t m0 x28b h98 y2a5a ff61 fs39 fc2 sc0 ls30 ws50\">Austr<span class=\"_ _2\"></span>alia te<span class=\"_ _2\"></span>rmi<span class=\"_ _2\"></span>nal C<span class=\"_ _2\"></span>GU.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td></tr><tr><td class=\"t m0 x289 h98 y2a5b ff61 fs39 fc2 sc0 ls30 ws4f\">To asse<span class=\"_ _2\"></span>ss imp<span class=\"_ _2\"></span>airme<span class=\"_ _2\"></span>nt, <span class=\"ws52\">man<span class=\"_ _2\"></span>agem<span class=\"_ _2\"></span>ent<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">used projectio<span class=\"_ _2\"></span>ns in the</span></span></span><span class=\"ws52\"><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"> </span></span></span></td><td class=\"t m0 x294 h98 y2a5c ff61 fs39 fc2 sc0 ls1 ws0\" colspan=\"2\">r<span class=\"_ _1\"></span><span class=\"ls2f ws70\">egio<span class=\"_ _2\"></span>nal fleets is<span class=\"_ _2\"></span> <span class=\"ls48 ws72\">0.8%. <span class=\"ls61 ws96\">In addition<span class=\"ls59 ws95\">, </span></span></span>it is ass<span class=\"_ _2\"></span>umed that <span class=\"ls1 ws0\">t</span><span class=\"ws4e\">he</span></span><span class=\"ls2f ws70\"><span class=\"ws4e\"> </span></span></td><td class=\"t m0 x28b h98 y2a5d ff61 fs39 fc2 sc0 ls30 ws50\">For t<span class=\"_ _2\"></span>he Au<span class=\"_ _2\"></span>strali<span class=\"_ _2\"></span>a te<span class=\"_ _2\"></span>rmin<span class=\"_ _2\"></span>al C<span class=\"_ _2\"></span>GU, a<span class=\"_ _2\"></span> perma<span class=\"_ _2\"></span>nent<span class=\"_ _2\"></span> red<span class=\"_ _2\"></span>uction<span class=\"_ _2\"></span> in g<span class=\"_ _2\"></span>ros<span class=\"_ _2\"></span>s </td></tr><tr><td class=\"t m0 x289 h98 y2a5e ff61 fs39 fc2 sc0 ls30 ws50\">appro<span class=\"_ _2\"></span>ved b<span class=\"_ _2\"></span>udget<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>five<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">ye<span class=\"_ _2\"></span>ar p<span class=\"_ _2\"></span>lan<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>a long<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span>term g<span class=\"_ _2\"></span>rowth<span class=\"_ _2\"></span> rate</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"_ _2\"></span> </span></span></td><td class=\"t m0 x294 h98 y2a5f ff61 fs39 fc2 sc0 ls2f ws70\" colspan=\"2\">percentage of COA<span class=\"_ _2\"></span> to sp<span class=\"_ _2\"></span>ot <span class=\"ls53 ws80\">volu<span class=\"_ _2\"></span>me <span class=\"ls30 ws50\">does n<span class=\"_ _2\"></span>ot ch<span class=\"_ _2\"></span>ange</span></span><span class=\"ls53 ws80\"><span class=\"ls30 ws50\"><span class=\"_ _2\"></span> </span></span></td><td class=\"t m0 x28b h98 y2a60 ff61 fs39 fc2 sc0 ls30 ws50\">margi<span class=\"_ _2\"></span>n gre<span class=\"_ _2\"></span>ater<span class=\"_ _2\"></span> than 4<span class=\"_ _2\"></span>.0%<span class=\"_ _2\"></span> woul<span class=\"_ _2\"></span>d resu<span class=\"_ _2\"></span>lt i<span class=\"_ _2\"></span>n an<span class=\"_ _2\"></span> imp<span class=\"_ _2\"></span>airme<span class=\"_ _2\"></span>nt o<span class=\"_ _2\"></span>f the<span class=\"_ _2\"></span> </td></tr><tr><td class=\"t m0 x289 h98 y2a61 ff61 fs39 fc2 sc0 ls30 ws50\">after <span class=\"_ _2\"></span>the f<span class=\"_ _2\"></span>ive<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">year plan period</span> </span>as the<span class=\"_ _2\"></span> basi<span class=\"_ _2\"></span>s f<span class=\"_ _2\"></span>or the<span class=\"_ _2\"></span> cas<span class=\"_ _2\"></span>h fl<span class=\"_ _2\"></span>ows </td><td class=\"t m0 x294 h98 y2a62 ff61 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">mater<span class=\"_ _2\"></span>ially<span class=\"_ _2\"></span> from<span class=\"_ _2\"></span> cur<span class=\"_ _2\"></span>rent<span class=\"_ _2\"></span> proje<span class=\"_ _2\"></span>ctio<span class=\"_ _2\"></span>ns and<span class=\"_ _2\"></span> COA<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>ts a<span class=\"_ _2\"></span>re </td><td class=\"t m0 x28b h98 y2a63 ff61 fs39 fc2 sc0 ls30 ws4f\">Austr<span class=\"_ _2\"></span>alian te<span class=\"_ _2\"></span>rmi<span class=\"_ _2\"></span>nals.<span class=\"_ _2\"></span> <span class=\"ls2f ws4e\">Alternately, <span class=\"ls1 ws0\">a<span class=\"_ _1\"></span> <span class=\"ls30 ws50\">perman<span class=\"_ _2\"></span>ent <span class=\"_ _2\"></span>reduc<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n in</span></span></span><span class=\"ls2f ws4e\"><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"> </span></span></span></td></tr><tr><td class=\"t m0 x289 h98 y2a64 ff61 fs39 fc2 sc0 ls30 ws50\">used<span class=\"_ _2\"></span> to calc<span class=\"_ _2\"></span>ul<span class=\"_ _2\"></span>ate t<span class=\"_ _2\"></span>he val<span class=\"_ _2\"></span>ue<span class=\"_ _2\"></span> in u<span class=\"_ _2\"></span>se (<span class=\"ls48 ws72\">V<span class=\"_ _2\"></span>IU<span class=\"ls1 ws0\">).<span class=\"_ _1\"></span> </span></span></td><td class=\"t m0 x294 h98 y2a65 ff61 fs39 fc2 sc0 ls2f ws70\" colspan=\"2\">renegotiated s<span class=\"_ _2\"></span>uccessfully. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x28b h98 y2a66 ff61 fs39 fc2 sc0 ls2f ws70\">utilisation g<span class=\"_ _2\"></span>reate<span class=\"ls47 ws82\">r than <span class=\"ls31 ws53\">4.0%<span class=\"ls30 ws50\">% would<span class=\"_ _2\"></span> re<span class=\"_ _2\"></span>sult<span class=\"ls1 ws0\"> </span>in a<span class=\"_ _2\"></span>n impa<span class=\"_ _2\"></span>irme<span class=\"_ _2\"></span>nt of</span></span></span><span class=\"ls47 ws82\"><span class=\"ls31 ws53\"><span class=\"ls30 ws50\"><span class=\"_ _2\"></span> </span></span></span></td></tr><tr><td class=\"t m0 x289 h98 y2a67 ff61 fs39 fc2 sc0 ls30 ws4f\">Calcul<span class=\"_ _2\"></span>ating<span class=\"_ _2\"></span> the net<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws50\">present <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> the f<span class=\"_ _2\"></span>utur<span class=\"_ _2\"></span>e c<span class=\"_ _2\"></span>ash fl<span class=\"_ _2\"></span>ows</span><span class=\"ws50\"> </span></td><td class=\"c n x292 y2a68 w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff63 fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2a69 w131 h10d\"><div class=\"t m0 x245 h98 y2a4a ff61 fs39 fc2 sc0 ls30 ws50\">For Term<span class=\"_ _2\"></span>inals<span class=\"_ _2\"></span>, <span class=\"ws4f\">as<span class=\"_ _2\"></span>sumpti<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span> on utili<span class=\"_ _2\"></span>sati<span class=\"_ _2\"></span>on and<span class=\"_ _2\"></span> <span class=\"ls47 ws71\">marg<span class=\"_ _1\"></span>ins<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">we<span class=\"_ _2\"></span>re<span class=\"_ _195\"> </span></span></span></span></span></div></td><td class=\"t m0 x28b h98 y2a6a ff61 fs39 fc2 sc0 ls30 ws50\">the Au<span class=\"_ _2\"></span>strali<span class=\"_ _2\"></span>an t<span class=\"_ _2\"></span>ermi<span class=\"_ _2\"></span>nals<span class=\"_ _2\"></span>. A<span class=\"ls1 ws0\"> <span class=\"ls48 ws72\">1.0%</span> </span>incre<span class=\"_ _2\"></span>ase i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he WACC<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span> </td></tr><tr><td class=\"t m0 x289 h98 y2a6b ff61 fs39 fc2 sc0 ls30 ws52\">require<span class=\"_ _2\"></span>s <span class=\"ls53 ws80\">estima<span class=\"_ _2\"></span>te</span><span class=\"ws50\">s to<span class=\"_ _2\"></span> be<span class=\"_ _2\"></span> made<span class=\"_ _2\"></span> in re<span class=\"_ _2\"></span>spec<span class=\"_ _2\"></span>t of<span class=\"_ _2\"></span> hig<span class=\"_ _2\"></span>hly unc<span class=\"_ _2\"></span>ert<span class=\"_ _2\"></span>ain</span><span class=\"ws50\"> </span></td><td class=\"t m0 x294 h98 y2a6c ff61 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">based <span class=\"_ _2\"></span>on cu<span class=\"_ _2\"></span>rren<span class=\"_ _2\"></span>t co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>ts, p<span class=\"_ _2\"></span>ast<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>erienc<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> </span>and tre<span class=\"_ _2\"></span>nds<span class=\"_ _2\"></span> in </td><td class=\"t m0 x28b h98 y2a6d ff61 fs39 fc2 sc0 ls30 ws50\">would <span class=\"_ _2\"></span>resul<span class=\"_ _2\"></span>t i<span class=\"_ _2\"></span>n a $17<span class=\"_ _2\"></span>.0 m<span class=\"_ _2\"></span>illi<span class=\"_ _2\"></span>on im<span class=\"_ _2\"></span>pai<span class=\"_ _2\"></span>rment.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td></tr><tr><td class=\"t m0 x289 h98 y2a6e ff61 fs39 fc2 sc0 ls30 ws4f\">matte<span class=\"_ _2\"></span>rs, incl<span class=\"_ _2\"></span>uding<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ff62 ws50\">manageme<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span>\u2019s exp<span class=\"_ _2\"></span>ectat<span class=\"_ _2\"></span>ions<span class=\"_ _2\"></span> of</span><span class=\"ls1 ws0\"> f</span><span class=\"ws52\">uture</span><span class=\"ws52\"> </span></td><td class=\"t m0 x294 h98 y2a6f ff61 fs39 fc2 sc0 ls30 ws52\" colspan=\"2\">indust<span class=\"_ _2\"></span>rial<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>pr<span class=\"_ _2\"></span>oduc<span class=\"_ _2\"></span>tion.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x28b h98 y2a70 ff61 fs39 fc2 sc0 ls2f ws70\">The financial<span class=\"_ _2\"></span> effects of <span class=\"_ _2\"></span>the Group<span class=\"_ _2\"></span>'s material fina<span class=\"_ _2\"></span>ncial risks a<span class=\"_ _2\"></span>nd </td></tr><tr><td class=\"t m0 x289 h98 y2a71 ff61 fs39 fc2 sc0 ls30 ws52\">growt<span class=\"_ _2\"></span>h<span class=\"ls1 ws0\"> </span>rates<span class=\"ls1 ws0\">.</span><span class=\"ls1 ws0\">  </span></td><td class=\"c n x292 y2a72 w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff63 fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2a73 w132 h10d\"><div class=\"t m0 x245 h98 y2a4a ff61 fs39 fc2 sc0 ls46 ws71\">For STC<span class=\"_ _2\"></span>, <span class=\"ls30 ws50\">assum<span class=\"_ _2\"></span>ptio<span class=\"_ _2\"></span>ns of<span class=\"_ _2\"></span> fut<span class=\"_ _2\"></span>ure <span class=\"_ _2\"></span>escal<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n of<span class=\"_ _2\"></span> price<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x28b h98 y2a74 ff61 fs39 fc2 sc0 ls2f ws70\">opportunities <span class=\"_ _2\"></span>related to clim<span class=\"_ _2\"></span>ate cha<span class=\"_ _2\"></span>nge mitigation <span class=\"_ _2\"></span>and climate </td></tr><tr><td class=\"t m0 x289 h98 y2a75 ff61 fs39 fc2 sc0 ls2f ws70\">See Note 16 fo<span class=\"_ _2\"></span>r further<span class=\"_ _2\"></span> discussion o<span class=\"_ _2\"></span>f the imp<span class=\"_ _2\"></span>airment tes<span class=\"_ _2\"></span>ting </td><td class=\"t m0 x294 h98 y2a76 ff61 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">and co<span class=\"_ _2\"></span>st i<span class=\"_ _2\"></span>ncrease<span class=\"_ _2\"></span>s <span class=\"ls5d ws92\">were <span class=\"_ _1\"></span><span class=\"ls30 ws50\">obt<span class=\"_ _2\"></span>ained<span class=\"_ _2\"></span> from<span class=\"_ _2\"></span> shipp<span class=\"_ _2\"></span>ing a<span class=\"_ _2\"></span>nd</span></span><span class=\"ls5d ws92\"><span class=\"ls30 ws50\"> </span></span></td><td class=\"t m0 x28b h98 y2a77 ff61 fs39 fc2 sc0 ls30 ws50\">change<span class=\"_ _2\"></span> adapt<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on o<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span>'s f<span class=\"_ _2\"></span>uture<span class=\"_ _2\"></span> ca<span class=\"_ _2\"></span>sh flow<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> valu<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\">-<span class=\"_ _195\"> </span></span></td></tr><tr><td class=\"t m0 x289 h98 y2a78 ff61 fs39 fc2 sc0 ls30 ws50\">that w<span class=\"_ _2\"></span>as p<span class=\"_ _2\"></span>erform<span class=\"_ _2\"></span>ed.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x294 h98 y2a79 ff61 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">transp<span class=\"_ _2\"></span>orta<span class=\"_ _2\"></span>tion c<span class=\"_ _2\"></span>arri<span class=\"_ _2\"></span>ers.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x28b h98 y2a7a ff61 fs39 fc2 sc0 ls2f ws4e\">in<span class=\"ls1 ws0\">-</span><span class=\"ws70\">u<span class=\"_ _1\"></span>se<span class=\"_ _2\"></span> calculation<span class=\"_ _2\"></span> have been <span class=\"_ _2\"></span>assessed as being<span class=\"_ _2\"></span> immaterial.</span><span class=\"ws70\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></td></tr><tr><td></td><td class=\"c n x292 y2a7b w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff63 fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2a7c w133 h10e\"><div class=\"t m0 x245 h98 y2a3e ff61 fs39 fc2 sc0 ls4b ws77\">Pre<span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">tax disc<span class=\"_ _2\"></span>oun<span class=\"_ _2\"></span>t rate<span class=\"_ _2\"></span>s r<span class=\"_ _2\"></span>ang</span>e <span class=\"_ _1\"></span><span class=\"ls30 ws52\">f<span class=\"_ _2\"></span>rom<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">7.0% to 10.8%<span class=\"ls59 ws95\">, <span class=\"_ _1\"></span><span class=\"ls47 ws0\">based on<span class=\"_ _195\"> </span></span></span></span></span></span></span></div></td><td></td></tr><tr><td></td><td class=\"t m0 x294 h98 y2a7d ff61 fs39 fc2 sc0 ls2f ws70\" colspan=\"2\">the weighted <span class=\"_ _2\"></span>average cost<span class=\"_ _2\"></span> of capital (<span class=\"_ _2\"></span>WACC), which <span class=\"_ _2\"></span>reflects </td><td></td></tr><tr><td></td><td class=\"t m0 x294 h98 y2a7e ff61 fs39 fc2 sc0 ls2f ws75\" colspan=\"2\">specific risks relating to CGUs. <span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"c n x292 y2a7f w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff63 fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2a80 w134 h10e\"><div class=\"t m0 x245 h98 y2a3e ff61 fs39 fc2 sc0 ls30 ws50\">Future g<span class=\"_ _2\"></span>rowt<span class=\"_ _2\"></span>h rate<span class=\"_ _2\"></span>s <span class=\"ls2f ws4e\">were </span>base<span class=\"_ _2\"></span>d <span class=\"_ _2\"></span>on tre<span class=\"_ _2\"></span>nds i<span class=\"_ _2\"></span>n ind<span class=\"_ _2\"></span>ust<span class=\"_ _2\"></span>rial<span class=\"_ _195\"> </span></div></td><td></td></tr><tr><td></td><td class=\"t m0 x294 h98 y2a81 ff61 fs39 fc2 sc0 ls30 ws52\" colspan=\"2\">produc<span class=\"_ _2\"></span>tion<span class=\"ls1 ws0\"> </span><span class=\"ws50\">and<span class=\"_ _2\"></span> supp<span class=\"_ _2\"></span>ly<span class=\"ls1 ws0\">-</span>demand<span class=\"_ _2\"></span> bala<span class=\"_ _2\"></span>nce i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> ma<span class=\"_ _2\"></span>rkets<span class=\"_ _2\"></span><span class=\"ls1 ws0\">. <span class=\"_ _1\"></span><span class=\"ls4a ws76\">For</span></span></span><span class=\"ws50\"><span class=\"ls1 ws0\"><span class=\"ls4a ws76\"> </span></span></span></td><td></td></tr><tr><td></td><td class=\"t m0 x294 h98 y2a82 ff61 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">Tanke<span class=\"_ _2\"></span>rs, af<span class=\"_ _2\"></span>ter<span class=\"_ _2\"></span> adju<span class=\"_ _2\"></span>stmen<span class=\"_ _2\"></span>t of<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span>s <span class=\"ls53 ws80\">over<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>two ye<span class=\"_ _2\"></span>ars to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> long<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _195\"> </span></span></td><td></td></tr><tr><td></td><td class=\"t m0 x294 h98 y2a83 ff61 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">term <span class=\"_ _2\"></span>aver<span class=\"_ _2\"></span>age TCE<span class=\"_ _2\"></span>, th<span class=\"_ _2\"></span>e g<span class=\"_ _2\"></span>rowth <span class=\"_ _2\"></span>rate i<span class=\"_ _2\"></span>s 2.0<span class=\"_ _2\"></span>%. F<span class=\"_ _2\"></span>or al<span class=\"_ _2\"></span>l ot<span class=\"_ _2\"></span>her<span class=\"_ _2\"></span> CGUs<span class=\"_ _2\"></span>, </td><td></td></tr><tr><td></td><td class=\"t m0 x294 h98 y2a84 ff61 fs39 fc2 sc0 ls1 ws0\" colspan=\"2\">t<span class=\"_ _1\"></span><span class=\"ls30 ws50\">he<span class=\"_ _2\"></span> grow<span class=\"_ _2\"></span>th<span class=\"ls1 ws0\"> </span>rate <span class=\"_ _2\"></span>used b<span class=\"_ _2\"></span>eyond<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> proje<span class=\"_ _2\"></span>ctio<span class=\"_ _2\"></span>n pe<span class=\"_ _2\"></span>riod<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">is<span class=\"_ _2\"></span> 2<span class=\"ls4c ws79\">.0<span class=\"ls46 ws6f\">%,</span></span></span></span></span><span class=\"ls30 ws50\"><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"><span class=\"ls4c ws79\"><span class=\"ls46 ws6f\"><span class=\"_ _2\"></span> </span></span></span></span></span></td><td></td></tr><tr><td></td><td class=\"t m0 x294 h98 y2a85 ff61 fs39 fc2 sc0 ls2f ws70\" colspan=\"2\">which does not<span class=\"_ _2\"></span> exceed the lo<span class=\"_ _2\"></span>ng<span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">term <span class=\"_ _2\"></span>aver<span class=\"_ _2\"></span>age i<span class=\"_ _2\"></span>nflati<span class=\"_ _2\"></span>on r<span class=\"_ _2\"></span>ate</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"> </span></span></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x294 h98 y2a86 ff61 fs39 fc2 sc0 ls2f ws70\">for the <span class=\"ls4b ws77\">C<span class=\"_ _2\"></span>GUs<span class=\"ls1 ws0\">.</span></span><span class=\"ls4b ws77\"><span class=\"ls1 ws0\"> </span></span></td><td></td></tr><tr><td></td><td class=\"t m0 x28a h98 y2a87 ff61 fs39 fc2 sc0 ls30 ws52\">For <span class=\"ws50\">FVLCT<span class=\"_ _2\"></span>S fo<span class=\"_ _2\"></span>r Tanke<span class=\"_ _2\"></span>rs,<span class=\"_ _2\"></span> brok<span class=\"_ _2\"></span>er <span class=\"_ _2\"></span>valua<span class=\"_ _2\"></span>tions w<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span> obt<span class=\"_ _2\"></span>ained<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">f<span class=\"_ _2\"></span>rom</span></span></span><span class=\"ws50\"><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"> </span></span></span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x28a h98 y2a88 ff61 fs39 fc2 sc0 ls30 ws50\">third p<span class=\"_ _2\"></span>art<span class=\"_ _2\"></span>ies.<span class=\"ls1 ws0\"> </span></td><td></td><td></td></tr></table><table class=\"s w135 h10f\" id=\"_b2098488-15ee-4fa3-bab4-544f31a5b4c7\"><tr><td class=\"c x286 y2a89 w4d hae\"><div class=\"t m0 x1a6 ha9 y1d8f ff68 fs3a fcb sc0 ls1f ws90\">Critic<span class=\"_ _2\"></span>al account<span class=\"_ _2\"></span>ing <span class=\"ls2c ws91\">e<span class=\"_ _2\"></span>stimate</span><span class=\"ls2c ws91\"><span class=\"ls1 ws0\"> </span></span></div></td><td></td><td></td><td class=\"c x287 y2a89 w4e hae\"><div class=\"t m0 x1a6 ha9 y1d8f ff68 fs3a fcb sc0 ls20 ws5a\">Sources of <span class=\"_ _2\"></span>account<span class=\"_ _2\"></span>ing ju<span class=\"_ _2\"></span>dgement o<span class=\"_ _2\"></span>r estimatio<span class=\"_ _2\"></span>n un<span class=\"_ _2\"></span>certaint<span class=\"_ _2\"></span>y<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td class=\"c x288 y2a89 w4f hae\"><div class=\"t m0 x1a6 ha9 y1d8f ff68 fs3a fcb sc0 ls1f ws90\">Effect if<span class=\"_ _2\"></span> actu<span class=\"_ _2\"></span>al re<span class=\"_ _2\"></span>sults dif<span class=\"_ _2\"></span>fer fro<span class=\"_ _2\"></span>m <span class=\"_ _2\"></span>assumptio<span class=\"_ _2\"></span>ns<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"t m0 x289 ha6 y2a8a ff67 fs3c fcb sc0 ls4d ws7a\">Busine<span class=\"_ _2\"></span>ss Ac<span class=\"_ _2\"></span>quisiti<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x286 y2a8b w4d hb1\"><div class=\"t m0 x1a6 h98 y1e06 ff69 fs39 fc2 sc0 ls30 ws50\">During<span class=\"_ _2\"></span> the f<span class=\"_ _2\"></span>ir<span class=\"_ _2\"></span>st qu<span class=\"_ _2\"></span>arter<span class=\"_ _2\"></span> of 2<span class=\"_ _2\"></span>025,<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> acq<span class=\"_ _2\"></span>uired 5<span class=\"_ _2\"></span>0% <span class=\"_ _2\"></span>of </div></td><td></td><td></td><td class=\"c x287 y2a8b w4e hb1\"><div class=\"t m0 x1a6 h98 y1e06 ff69 fs39 fc2 sc0 ls30 ws50\">To asse<span class=\"_ _2\"></span>ss <span class=\"_ _2\"></span>the v<span class=\"_ _2\"></span>alua<span class=\"_ _2\"></span>tion <span class=\"_ _2\"></span>of i<span class=\"_ _2\"></span>n eac<span class=\"_ _2\"></span>h of <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> acquis<span class=\"_ _2\"></span>itio<span class=\"_ _2\"></span>ns,<span class=\"_ _2\"></span> the </div></td><td></td><td></td><td class=\"c x288 y2a8b w50 hb1\"><div class=\"t m0 x1a6 h98 y1e06 ff69 fs39 fc2 sc0 ls30 ws50\">If the<span class=\"_ _2\"></span> <span class=\"ws52\">ass<span class=\"_ _2\"></span>umpt<span class=\"_ _2\"></span>ions<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">applied in<span class=\"_ _2\"></span> determining <span class=\"_ _2\"></span>the </span></span></span>fair<span class=\"_ _2\"></span> valu<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> </span><span class=\"ws4f\">of the</span><span class=\"ws4f\"> </span></div></td></tr><tr><td class=\"c n x246 y2a8c w136 h10a\"><div class=\"t m0 x245 h98 y2a4a ff6a fs39 fc2 sc0 ls2f ws70\">Hassel 4 A.<span class=\"_ _2\"></span>S. (HS4)<span class=\"_ _195\"> </span></div></td><td class=\"c n x295 y2a8c w137 h10a\"><div class=\"t m0 x245 h98 y2a4a ff6a fs39 fc2 sc0 ls2f ws70\">which<span class=\"_ _195\"> </span></div></td><td class=\"c n x296 y2a8c w138 h10a\"><div class=\"t m0 x245 h98 y2a4a ff6a fs39 fc2 sc0 ls2f ws70\">resulted in<span class=\"_ _2\"></span> the Gro<span class=\"_ _2\"></span>up\u2019s ownership<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x28a h98 y2a8d ff69 fs39 fc2 sc0 ls30 ws50\">followi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>assum<span class=\"_ _2\"></span>ptions<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> est<span class=\"_ _2\"></span>im<span class=\"_ _2\"></span>ations<span class=\"_ _2\"></span> were<span class=\"_ _2\"></span> used<span class=\"_ _2\"></span>:<span class=\"ls1 ws0\"> </span></td><td></td><td></td><td class=\"t m0 x28b h98 y2a8d ff69 fs39 fc2 sc0 ls30 ws50\">assets<span class=\"_ _2\"></span> acq<span class=\"_ _2\"></span>uired<span class=\"_ _2\"></span> <span class=\"ls4b ws77\">are<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>incorrec<span class=\"_ _2\"></span>t or <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> fact<span class=\"_ _2\"></span> patte<span class=\"_ _2\"></span>rn o<span class=\"_ _2\"></span>n w<span class=\"_ _2\"></span>hich <span class=\"_ _2\"></span><span class=\"ws52\">they</span><span class=\"ws52\"> </span></td></tr><tr><td class=\"t m0 x289 h98 y2a8e ff69 fs39 fc2 sc0 ls30 ws50\">intere<span class=\"_ _2\"></span>st i<span class=\"_ _2\"></span>ncreas<span class=\"_ _2\"></span>ing <span class=\"_ _2\"></span>to 1<span class=\"_ _2\"></span>00% a<span class=\"_ _2\"></span>nd HS4<span class=\"_ _2\"></span> bec<span class=\"_ _2\"></span>oming<span class=\"_ _2\"></span> a co<span class=\"_ _2\"></span>nsol<span class=\"_ _2\"></span>idate<span class=\"_ _2\"></span>d </td><td></td><td></td><td class=\"c n x292 y2a8f w12e h103\"><div class=\"t m0 x245 h98 y2a48 ff6b fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2a90 w139 h10a\"><div class=\"t m0 x245 h98 y2a4a ff69 fs39 fc2 sc0 ls30 ws50\">For prop<span class=\"_ _2\"></span>erty,<span class=\"_ _2\"></span> pl<span class=\"_ _2\"></span>ant and<span class=\"_ _2\"></span> eq<span class=\"_ _2\"></span>uipme<span class=\"_ _2\"></span>nt, the<span class=\"_ _2\"></span> inc<span class=\"_ _2\"></span>ome <span class=\"_ _2\"></span>appro<span class=\"_ _2\"></span>ach w<span class=\"_ _2\"></span>as<span class=\"_ _195\"> </span></div></td><td></td><td class=\"t m0 x28b h98 y2a8e ff69 fs39 fc2 sc0 ls4b ws77\">are<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">based c<span class=\"_ _2\"></span>hang<span class=\"_ _2\"></span>es, <span class=\"_ _2\"></span>this c<span class=\"_ _2\"></span>ould<span class=\"_ _2\"></span> res<span class=\"_ _2\"></span>ult i<span class=\"_ _2\"></span>n imp<span class=\"_ _2\"></span>airme<span class=\"_ _2\"></span>nts <span class=\"_ _2\"></span>in pl<span class=\"_ _2\"></span>ant<span class=\"_ _2\"></span>,</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"> </span></span></td></tr><tr><td class=\"t m0 x289 h98 y2a91 ff69 fs39 fc2 sc0 ls30 ws50\">subsidi<span class=\"_ _2\"></span>ary<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td></td><td></td><td class=\"t m0 x294 h98 y2a92 ff69 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">used<span class=\"_ _2\"></span> whic<span class=\"_ _2\"></span>h requ<span class=\"_ _2\"></span>ired<span class=\"_ _2\"></span> assump<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>ns of<span class=\"_ _2\"></span> f<span class=\"_ _2\"></span>uture<span class=\"_ _2\"></span> cash<span class=\"_ _2\"></span> flow<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> </td><td></td><td class=\"t m0 x28b h98 y2a91 ff69 fs39 fc2 sc0 ls30 ws4f\">proper<span class=\"_ _2\"></span>ty and<span class=\"_ _2\"></span> equipm<span class=\"_ _2\"></span>ent and/<span class=\"_ _2\"></span>or g<span class=\"_ _2\"></span>oodwil<span class=\"_ _2\"></span>l <span class=\"ls2f ws70\">being re<span class=\"_ _2\"></span>flected in t<span class=\"_ _2\"></span>he</span><span class=\"ls2f ws70\"> </span></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x28b h98 y2a93 ff69 fs39 fc2 sc0 ls30 ws4f\">Consol<span class=\"_ _2\"></span>idate<span class=\"_ _2\"></span>d Fina<span class=\"_ _2\"></span>ncial<span class=\"_ _2\"></span> Stateme<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws50\">in the f<span class=\"_ _2\"></span>uture<span class=\"_ _2\"></span><span class=\"ls1 ws0\">.</span></span><span class=\"ws50\"><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span> </span></span></td></tr><tr><td class=\"t m0 x289 h98 y2a94 ff69 fs39 fc2 sc0 ls30 ws50\">The Gr<span class=\"_ _2\"></span>oup al<span class=\"_ _2\"></span>so<span class=\"_ _2\"></span> acqui<span class=\"_ _2\"></span>red <span class=\"_ _2\"></span>the rem<span class=\"_ _2\"></span>aini<span class=\"_ _2\"></span>ng 53<span class=\"_ _2\"></span>% of<span class=\"_ _2\"></span> Ave<span class=\"_ _2\"></span>nir d<span class=\"_ _2\"></span>uring<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> </td><td></td><td></td><td></td><td class=\"t m0 x294 h98 y2a95 ff69 fs39 fc2 sc0 ls30 ws50\">resid<span class=\"_ _2\"></span>ual v<span class=\"_ _2\"></span>alue,<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x289 h98 y2a96 ff69 fs39 fc2 sc0 ls30 ws50\">first <span class=\"_ _2\"></span>half<span class=\"_ _2\"></span> of 2<span class=\"_ _2\"></span>025.<span class=\"_ _2\"></span> This<span class=\"_ _2\"></span> res<span class=\"_ _2\"></span>ulted<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> the f<span class=\"_ _2\"></span>orme<span class=\"_ _2\"></span>r joi<span class=\"_ _2\"></span>nt ve<span class=\"_ _2\"></span>nture<span class=\"_ _2\"></span> <span class=\"ws52\">be<span class=\"_ _2\"></span>ing</span><span class=\"ws52\"><span class=\"ls1 ws0\"> </span></span></td><td></td><td></td><td></td><td class=\"c n x297 y2a97 w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff6b fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x298 y2a98 w13a h10d\"><div class=\"t m0 x245 h98 y2a4a ff69 fs39 fc2 sc0 ls4b ws77\">Pre<span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">tax disc<span class=\"_ _2\"></span>oun<span class=\"_ _2\"></span>t rate<span class=\"_ _2\"></span>s rang<span class=\"_ _2\"></span>e f<span class=\"_ _2\"></span>rom<span class=\"_ _2\"></span> 9.2%<span class=\"_ _2\"></span> to <span class=\"ls31 ws53\">10.8<span class=\"_ _2\"></span>%<span class=\"ls48 ws2f\">, based<span class=\"_ _195\"> </span></span></span></span></span></div></td><td class=\"t m0 x28b h98 y2a96 ff69 fs39 fc2 sc0 ls30 ws50\">Based<span class=\"_ _2\"></span> on m<span class=\"_ _2\"></span>anage<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>'s as<span class=\"_ _2\"></span>sess<span class=\"_ _2\"></span>ment, <span class=\"_ _2\"></span>no p<span class=\"_ _2\"></span>lausib<span class=\"_ _2\"></span>le m<span class=\"_ _2\"></span>oveme<span class=\"_ _2\"></span>nt </td></tr><tr><td class=\"t m0 x289 h98 y2a99 ff69 fs39 fc2 sc0 ls30 ws50\">consol<span class=\"_ _2\"></span>idate<span class=\"_ _2\"></span>d by<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></td><td></td><td></td><td></td><td class=\"t m0 x299 h98 y2a9a ff69 fs39 fc2 sc0 ls30 ws4f\" colspan=\"2\">on WACC<span class=\"_ _2\"></span> adjuste<span class=\"_ _2\"></span>d for sp<span class=\"_ _2\"></span>ecifi<span class=\"_ _2\"></span>c risk<span class=\"_ _2\"></span>s relati<span class=\"_ _2\"></span>ng to<span class=\"_ _2\"></span> each of </td><td class=\"t m0 x28b h98 y2a99 ff69 fs39 fc2 sc0 ls30 ws50\">of the<span class=\"_ _2\"></span> assum<span class=\"_ _2\"></span>pt<span class=\"_ _2\"></span>ions w<span class=\"_ _2\"></span>ould<span class=\"_ _2\"></span> lead<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>o a ma<span class=\"_ _2\"></span>terial<span class=\"_ _2\"></span> ch<span class=\"_ _2\"></span>ange i<span class=\"_ _2\"></span>n pl<span class=\"_ _2\"></span>ant,<span class=\"_ _2\"></span> </td></tr><tr><td class=\"t m0 x289 h98 y2a9b ff69 fs39 fc2 sc0 ls30 ws50\">In the<span class=\"_ _2\"></span> fou<span class=\"_ _2\"></span>rth q<span class=\"_ _2\"></span>uarte<span class=\"_ _2\"></span>r of<span class=\"_ _2\"></span> 202<span class=\"_ _2\"></span>5, the<span class=\"_ _2\"></span> Gr<span class=\"_ _2\"></span>oup ac<span class=\"_ _2\"></span>quire<span class=\"_ _2\"></span>d 10<span class=\"_ _2\"></span>0% o<span class=\"_ _2\"></span>f </td><td></td><td></td><td></td><td></td><td class=\"t m0 x299 h98 y2a9c ff69 fs39 fc2 sc0 ls30 ws52\">the<span class=\"ls1 ws0\"> </span>acquisi<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>ns. <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x28b h98 y2a9d ff69 fs39 fc2 sc0 ls2f ws70\">property and eq<span class=\"_ _2\"></span>uipment and/<span class=\"_ _2\"></span>or goodwill.<span class=\"_ _2\"></span> For example<span class=\"_ _2\"></span>, for the<span class=\"_ _2\"></span> </td></tr><tr><td class=\"t m0 x289 h98 y2a9e ff69 fs39 fc2 sc0 ls30 ws50\">Sutto<span class=\"_ _2\"></span>ns Int<span class=\"_ _2\"></span>ern<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span>al Hold<span class=\"_ _2\"></span>ings<span class=\"_ _2\"></span> Li<span class=\"_ _2\"></span>mited<span class=\"_ _2\"></span> (Sutt<span class=\"_ _2\"></span>ons)<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></td><td></td><td></td><td></td><td class=\"c n x297 y2a9f w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff6b fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x298 y2aa0 w13b h10d\"><div class=\"t m0 x245 h98 y2a4a ff69 fs39 fc2 sc0 ls30 ws50\">Future c<span class=\"_ _2\"></span>ash fl<span class=\"_ _2\"></span>ows<span class=\"_ _2\"></span> were<span class=\"_ _2\"></span> bas<span class=\"_ _2\"></span>ed on <span class=\"_ _2\"></span>the hi<span class=\"_ _2\"></span>sto<span class=\"_ _2\"></span>rical<span class=\"_ _2\"></span> res<span class=\"_ _2\"></span>ults <span class=\"_ _2\"></span>and</div></td><td class=\"t m0 x28b h98 y2aa1 ff69 fs39 fc2 sc0 ls30 ws50\">Sutto<span class=\"_ _2\"></span>ns ac<span class=\"_ _2\"></span>quisi<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>, if <span class=\"_ _2\"></span>the t<span class=\"_ _2\"></span>ank t<span class=\"_ _2\"></span>urns<span class=\"_ _2\"></span> (util<span class=\"_ _2\"></span>isa<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>) or<span class=\"_ _2\"></span> gross<span class=\"_ _2\"></span> pro<span class=\"_ _2\"></span>fit </td></tr><tr><td class=\"t m0 x289 h98 y2aa2 ff69 fs39 fc2 sc0 ls2f ws4e\">See <span class=\"ls4b ws77\">Note<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">33 for <span class=\"ls30 ws50\">detai<span class=\"_ _2\"></span>ls of<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>acq<span class=\"_ _2\"></span>uisiti<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>the am<span class=\"_ _2\"></span>ounts<span class=\"_ _2\"></span> of</span></span></span></span><span class=\"ls4b ws77\"><span class=\"ls1 ws0\"><span class=\"ls31 ws51\"><span class=\"ls30 ws50\"><span class=\"_ _2\"></span> </span></span></span></span></td><td></td><td></td><td></td><td class=\"t m0 x299 h98 y2aa3 ff69 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">or la<span class=\"_ _2\"></span>test f<span class=\"_ _2\"></span>ive y<span class=\"_ _2\"></span>ear<span class=\"_ _2\"></span> plan.<span class=\"_ _2\"></span> Fut<span class=\"_ _2\"></span>ure g<span class=\"_ _2\"></span>row<span class=\"_ _2\"></span>th rat<span class=\"_ _2\"></span>es we<span class=\"_ _2\"></span>re </td><td class=\"t m0 x28b h98 y2aa4 ff69 fs39 fc2 sc0 ls30 ws50\">are red<span class=\"_ _2\"></span>uc<span class=\"ls31 ws51\">ed<span class=\"_ _2\"></span> by 10% from 2026 to 2030, then the property</span><span class=\"ls31 ws51\"> </span></td></tr><tr><td class=\"t m0 x289 h98 y2aa5 ff69 fs39 fc2 sc0 ls2f ws70\">identifiable asse<span class=\"_ _2\"></span>ts acquired a<span class=\"_ _2\"></span>nd liabilit<span class=\"_ _2\"></span>ies assumed<span class=\"_ _2\"></span> for each of<span class=\"_ _2\"></span> </td><td></td><td></td><td></td><td class=\"t m0 x299 h98 y2aa6 ff69 fs39 fc2 sc0 ls31 ws51\" colspan=\"2\">approximatel<span class=\"_ _1\"></span>y<span class=\"_ _2\"></span> 2.0%. <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x28b h98 y2aa7 ff69 fs39 fc2 sc0 ls30 ws50\">valua<span class=\"_ _2\"></span>tion w<span class=\"_ _2\"></span>ould<span class=\"_ _2\"></span> have<span class=\"_ _2\"></span> been<span class=\"_ _2\"></span> red<span class=\"_ _2\"></span>uced<span class=\"_ _2\"></span> and g<span class=\"_ _2\"></span>oodwil<span class=\"_ _2\"></span>l inc<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>ased b<span class=\"_ _2\"></span>y </td></tr><tr><td class=\"t m0 x289 h98 y2aa8 ff69 fs39 fc2 sc0 ls30 ws50\">the ab<span class=\"_ _2\"></span>ove <span class=\"_ _2\"></span>acqui<span class=\"_ _2\"></span>sitio<span class=\"_ _2\"></span>ns.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td></td><td></td><td class=\"c n x292 y2aa9 w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff6b fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2aaa w13c h10d\"><div class=\"t m0 x245 h98 y2a4a ff69 fs39 fc2 sc0 ls2f ws70\">For Suttons, lease l<span class=\"_ _2\"></span>iabilities we<span class=\"_ _2\"></span>re measured b<span class=\"_ _2\"></span>ased on t<span class=\"_ _2\"></span>he<span class=\"_ _195\"> </span></div></td><td></td><td class=\"t m0 x28b h98 y2aab ff69 fs39 fc2 sc0 ls2f ws70\">$7.1 million <span class=\"_ _2\"></span>and $6.8 m<span class=\"_ _2\"></span>illion, res<span class=\"_ _2\"></span>pectively.<span class=\"ls1 ws0\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x294 h98 y2aac ff69 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">presen<span class=\"_ _2\"></span>t va<span class=\"_ _2\"></span>lue of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> rema<span class=\"_ _2\"></span>ini<span class=\"_ _2\"></span>ng le<span class=\"_ _2\"></span>ase pay<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>ts at<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> </td><td></td><td class=\"t m0 x28b h98 y2aad ff69 fs39 fc2 sc0 ls2f ws70\">As a result<span class=\"_ _2\"></span> of uncert<span class=\"_ _2\"></span>ainties inher<span class=\"_ _2\"></span>ent in f<span class=\"_ _2\"></span>air value estima<span class=\"_ _2\"></span>tion, </td></tr><tr><td class=\"t m0 x289 h98 y2aae ff69 fs39 fc2 sc0 ls30 ws50\">In app<span class=\"_ _2\"></span>lyi<span class=\"_ _2\"></span>ng the<span class=\"_ _2\"></span> acq<span class=\"_ _2\"></span>uisiti<span class=\"_ _2\"></span>on me<span class=\"_ _2\"></span>tho<span class=\"_ _2\"></span>d of <span class=\"_ _2\"></span>accou<span class=\"_ _2\"></span>nting<span class=\"_ _2\"></span>, est<span class=\"_ _2\"></span>imate<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> </td><td></td><td></td><td class=\"t m0 x294 h98 y2aaf ff69 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">acqui<span class=\"_ _2\"></span>sition<span class=\"_ _2\"></span> date<span class=\"_ _2\"></span> disc<span class=\"_ _2\"></span>oun<span class=\"_ _2\"></span>ted usi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> an ap<span class=\"_ _2\"></span>prop<span class=\"_ _2\"></span>riate<span class=\"_ _2\"></span> inc<span class=\"_ _2\"></span>remen<span class=\"_ _2\"></span>tal </td><td></td><td class=\"t m0 x28b h98 y2ab0 ff69 fs39 fc2 sc0 ls2f ws70\">measurement period<span class=\"_ _2\"></span> adjustme<span class=\"_ _2\"></span>nts may be<span class=\"_ _2\"></span> applied.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td></tr><tr><td class=\"t m0 x289 h98 y2ab1 ff69 fs39 fc2 sc0 ls30 ws50\">an in<span class=\"_ _2\"></span>tegral<span class=\"_ _2\"></span> pa<span class=\"_ _2\"></span>rt of<span class=\"_ _2\"></span> asses<span class=\"_ _2\"></span>sing<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>fair<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ues of<span class=\"_ _2\"></span> seve<span class=\"_ _2\"></span>ral <span class=\"_ _2\"></span>of the<span class=\"_ _2\"></span> </td><td></td><td></td><td class=\"t m0 x294 h98 y2ab2 ff69 fs39 fc2 sc0 ls2f ws70\" colspan=\"2\">borrowing rate. O<span class=\"_ _2\"></span>ther fin<span class=\"_ _2\"></span>ancial liabilities w<span class=\"_ _2\"></span>ere measured<span class=\"_ _2\"></span> at </td><td></td><td></td></tr><tr><td class=\"t m0 x289 h98 y2ab3 ff69 fs39 fc2 sc0 ls30 ws50\">assets<span class=\"_ _2\"></span> acq<span class=\"_ _2\"></span>uired<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> liab<span class=\"_ _2\"></span>iliti<span class=\"_ _2\"></span>es as<span class=\"_ _2\"></span>sumed<span class=\"_ _2\"></span> as<span class=\"_ _2\"></span> obse<span class=\"_ _2\"></span>rvable<span class=\"_ _2\"></span> mark<span class=\"_ _2\"></span>et </td><td></td><td></td><td class=\"t m0 x294 h98 y2ab4 ff69 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">the p<span class=\"_ _2\"></span>resent<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> rep<span class=\"_ _2\"></span>ayabl<span class=\"_ _2\"></span>e amo<span class=\"_ _2\"></span>unts<span class=\"_ _2\"></span><span class=\"ls50 ws7d\">.</span><span class=\"ls50 ws7d\"> <span class=\"ls1 ws0\"> </span></span></td><td></td><td></td></tr><tr><td class=\"t m0 x289 h98 y2ab5 ff69 fs39 fc2 sc0 ls2f ws70\">prices are <span class=\"_ _2\"></span>typically not a<span class=\"_ _2\"></span>vailable. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td></td><td></td><td class=\"c n x292 y2ab6 w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff6b fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2ab7 w13d h10d\"><div class=\"t m0 x245 h98 y2a4a ff69 fs39 fc2 sc0 ls47 ws82\">F<span class=\"_ _1\"></span>or Suttons, th<span class=\"_ _1\"></span>e Custome<span class=\"_ _1\"></span>r relation<span class=\"_ _1\"></span>s intangib<span class=\"_ _1\"></span>le asset was<span class=\"_ _195\"> </span></div></td><td></td><td></td></tr><tr><td class=\"t m0 x289 h98 y2ab8 ff6a fs39 fc2 sc0 ls30 ws4f\">In addi<span class=\"_ _2\"></span>tion,<span class=\"_ _2\"></span> for HS4 and<span class=\"_ _2\"></span> Aveni<span class=\"_ _2\"></span>r, the f<span class=\"_ _2\"></span>air val<span class=\"_ _2\"></span>ue of the<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span>\u2019s </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x289 h98 y2ab9 ff69 fs39 fc2 sc0 ls2f ws70\">previously held e<span class=\"_ _2\"></span>quity interes<span class=\"_ _2\"></span>ts was e<span class=\"_ _2\"></span>stimated using<span class=\"_ _2\"></span> significan<span class=\"_ _2\"></span>t </td><td></td><td></td><td class=\"t m0 x294 h98 y2aba ff69 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">calcul<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> using<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> mult<span class=\"_ _2\"></span>i<span class=\"ls1 ws0\">-</span>period<span class=\"_ _2\"></span> earni<span class=\"_ _2\"></span>ngs e<span class=\"_ _2\"></span>xcess<span class=\"_ _2\"></span> (M<span class=\"_ _2\"></span>PEE) </td><td></td><td></td></tr><tr><td class=\"t m0 x289 h98 y2abb ff69 fs39 fc2 sc0 ls30 ws4f\">inputs<span class=\"_ _2\"></span> not obs<span class=\"_ _2\"></span>ervabl<span class=\"_ _2\"></span>e in the<span class=\"_ _2\"></span> mar<span class=\"_ _2\"></span>ket.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td></td><td></td><td class=\"t m0 x294 h98 y2abc ff69 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">method<span class=\"_ _2\"></span> whic<span class=\"_ _2\"></span>h req<span class=\"_ _2\"></span>uire<span class=\"_ _2\"></span>s es<span class=\"_ _2\"></span>timate<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> fut<span class=\"_ _2\"></span>ure a<span class=\"_ _2\"></span>ttrit<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>rate<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> </td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x294 h98 y2abd ff69 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">custom<span class=\"_ _2\"></span>ers a<span class=\"_ _2\"></span>nd ne<span class=\"_ _2\"></span>t c<span class=\"_ _2\"></span>ash fl<span class=\"_ _2\"></span>ows <span class=\"_ _2\"></span>of t<span class=\"_ _2\"></span>he ac<span class=\"_ _2\"></span>quired<span class=\"_ _2\"></span> cu<span class=\"_ _2\"></span>stome<span class=\"_ _2\"></span>r </td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x294 h98 y2abe ff69 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">base.<span class=\"_ _2\"></span> The i<span class=\"_ _2\"></span>nput<span class=\"_ _2\"></span>s we<span class=\"_ _2\"></span>re esti<span class=\"_ _2\"></span>m<span class=\"ff6a\">ate<span class=\"_ _2\"></span>d bas<span class=\"_ _2\"></span>ed o<span class=\"_ _2\"></span>n Ma<span class=\"_ _2\"></span>nageme<span class=\"_ _2\"></span>nt\u2019s</span><span class=\"ff6a\"><span class=\"_ _2\"></span> </span></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x294 h98 y2abf ff69 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">profes<span class=\"_ _2\"></span>sional<span class=\"_ _2\"></span> jud<span class=\"_ _2\"></span>geme<span class=\"_ _2\"></span>nt b<span class=\"_ _2\"></span>ased o<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> acq<span class=\"_ _2\"></span>uire<span class=\"_ _2\"></span>d cust<span class=\"_ _2\"></span>omer<span class=\"_ _2\"></span> </td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x294 h98 y2ac0 ff69 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">base, <span class=\"_ _2\"></span>hist<span class=\"_ _2\"></span>orical<span class=\"_ _2\"></span> da<span class=\"_ _2\"></span>ta and<span class=\"_ _2\"></span> gene<span class=\"_ _2\"></span>ral<span class=\"_ _2\"></span> busin<span class=\"_ _2\"></span>ess<span class=\"_ _2\"></span> insig<span class=\"_ _2\"></span>ht.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c n x292 y2ac1 w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff6b fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2ac2 w13e h10e\"><div class=\"t m0 x245 h98 y2a3e ff6a fs39 fc2 sc0 ls30 ws50\">For HS4<span class=\"_ _2\"></span> and A<span class=\"_ _2\"></span>veni<span class=\"_ _2\"></span>r, the<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r val<span class=\"_ _2\"></span>ue<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup\u2019s<span class=\"_ _2\"></span> pre<span class=\"_ _2\"></span>viousl<span class=\"_ _2\"></span>y<span class=\"_ _195\"> </span></div></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x294 h98 y2ac3 ff69 fs39 fc2 sc0 ls2f ws70\">held equity i<span class=\"_ _2\"></span>nterests was es<span class=\"_ _2\"></span>timated based<span class=\"_ _2\"></span> on the <span class=\"_ _2\"></span><span class=\"ls30 ws52\">purc<span class=\"_ _2\"></span>hase</span><span class=\"ls30 ws52\"><span class=\"_ _2\"></span> </span></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x294 h98 y2ac4 ff69 fs39 fc2 sc0 ls30 ws52\">price<span class=\"ls1 ws0\"> </span><span class=\"ws50\">paid<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>other<span class=\"_ _2\"></span> sha<span class=\"_ _2\"></span>rehold<span class=\"_ _2\"></span>ers.</span><span class=\"ws50\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></td><td></td><td></td></tr></table><table class=\"s w13f h110\" id=\"_b31162c7-40ed-46ae-a410-071b9a3ad655\"><tr><td class=\"c x286 y2ac5 w4d hae\"><div class=\"t m0 x1a6 ha9 y1d8f ff70 fs3a fcb sc0 ls1f ws43\">Critic<span class=\"_ _2\"></span>al <span class=\"ls1 ws0\">a<span class=\"_ _1\"></span><span class=\"ls27 ws3f\">ccou<span class=\"_ _2\"></span>nting<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">j<span class=\"_ _1\"></span><span class=\"ls20 ws36\">udgement</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls27 ws3f\"><span class=\"ls1 ws0\"><span class=\"ls20 ws36\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span></div></td><td class=\"c x287 y2ac5 w4e hae\"><div class=\"t m0 x1a6 ha9 y1d8f ff70 fs3a fcb sc0 ls27 ws5b\">Source<span class=\"_ _2\"></span>s of <span class=\"_ _2\"></span><span class=\"ls20 ws5a\">account<span class=\"_ _2\"></span>ing ju<span class=\"_ _2\"></span>dgement o<span class=\"_ _2\"></span>r <span class=\"ls1 ws0\">e<span class=\"ls1f ws43\">stimation </span>u</span></span><span class=\"ws3f\">ncertai<span class=\"_ _2\"></span>nty</span><span class=\"ws3f\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div></td><td></td><td class=\"c x288 y2ac5 w51 hae\"><div class=\"t m0 x1a6 ha9 y1d8f ff70 fs3a fcb sc0 ls2e ws34\">Effect if <span class=\"ls1 ws0\">a<span class=\"ls27 ws3f\">ctua<span class=\"_ _2\"></span>l </span>r<span class=\"_ _3\"></span><span class=\"ls28 ws40\">e<span class=\"_ _2\"></span>sults<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">d<span class=\"_ _1\"></span><span class=\"ls2e ws34\">iffer from <span class=\"_ _2\"></span><span class=\"ls1 ws0\">a<span class=\"ls28 ws40\">ssumptions</span></span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls28 ws40\"><span class=\"ls1 ws0\"><span class=\"ls2e ws34\"><span class=\"ls1 ws0\"><span class=\"ls28 ws40\"><span class=\"_ _2\"></span></span> </span></span></span></span></span></div></td></tr><tr><td class=\"t m0 x289 ha6 y2ac6 ff6f fs3c fcb sc0 ls58 ws8e\">Investments in joint ventures and associates<span class=\"ls1 ws0\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c x286 y2ac7 w4d hb2\"><div class=\"t m0 x1a6 h98 y1e2e ff71 fs39 fc2 sc0 ls2f ws4e\">The <span class=\"_ _1\"></span><span class=\"ls1 ws0\">C<span class=\"ls2f ws4e\">onsolidated </span>F<span class=\"_ _1\"></span><span class=\"ls30 ws52\">i<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al <span class=\"ls1 ws0\">S</span><span class=\"ff72 ws50\">tatements<span class=\"_ _2\"></span> incl<span class=\"_ _2\"></span>ude t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span>\u2019s</span></span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ff72 ws50\"> </span></span></span></div></td><td class=\"c x287 y2ac7 w4e hb2\"><div class=\"t m0 x1a6 h98 y1e2e ff71 fs39 fc2 sc0 ls2f ws70\">There are a<span class=\"_ _2\"></span> number of a<span class=\"_ _2\"></span>reas where <span class=\"_ _2\"></span>significant j<span class=\"_ _2\"></span>udgement <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x288 y2ac7 w51 hb2\"><div class=\"t m0 x1a6 h98 y1e2e ff71 fs39 fc2 sc0 ls2f ws70\">If the judgem<span class=\"_ _2\"></span>ent applied i<span class=\"_ _2\"></span>n determ<span class=\"_ _2\"></span>ining the acco<span class=\"_ _2\"></span>unting </div></td></tr><tr><td class=\"t m0 x289 h98 y2ac8 ff71 fs39 fc2 sc0 ls30 ws50\">results<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> all<span class=\"_ _2\"></span> othe<span class=\"_ _2\"></span>r en<span class=\"_ _2\"></span>titie<span class=\"_ _2\"></span>s in w<span class=\"_ _2\"></span>hich<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> has<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntrol<span class=\"_ _2\"></span>, </td><td class=\"t m0 x28a h98 y2ac8 ff71 fs39 fc2 sc0 ls2f ws70\">is exercised to<span class=\"_ _2\"></span> establish w<span class=\"_ _2\"></span>hether an e<span class=\"_ _2\"></span>ntity needs t<span class=\"_ _2\"></span>o be </td><td></td><td class=\"t m0 x28b h98 y2ac8 ff71 fs39 fc2 sc0 ls53 ws32\">treatme<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> an e<span class=\"_ _2\"></span>ntity<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">i<span class=\"_ _2\"></span>s inc<span class=\"_ _2\"></span>orr<span class=\"_ _2\"></span>ect o<span class=\"_ _2\"></span>r the<span class=\"_ _2\"></span> fac<span class=\"_ _2\"></span>t pa<span class=\"_ _2\"></span>ttern<span class=\"_ _2\"></span> on w<span class=\"_ _2\"></span>hich</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></span></span></td></tr><tr><td class=\"t m0 x289 h98 y2ac9 ff71 fs39 fc2 sc0 ls30 ws50\">excep<span class=\"_ _2\"></span>t whe<span class=\"_ _2\"></span>re con<span class=\"_ _2\"></span>trol<span class=\"_ _2\"></span> ove<span class=\"_ _2\"></span>r <span class=\"ws52\">the<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">operations is limited<span class=\"_ _2\"></span> by</span></span></span><span class=\"ws52\"><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"> </span></span></span></td><td class=\"t m0 x28a h98 y2ac9 ff71 fs39 fc2 sc0 ls2f ws70\">consolidated or r<span class=\"_ _2\"></span>eported u<span class=\"_ _2\"></span>nder the equity m<span class=\"_ _2\"></span>ethod of </td><td></td><td class=\"t m0 x28b h98 y2ac9 ff71 fs39 fc2 sc0 ls53 ws80\">it <span class=\"ls57 ws86\">is<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">based changes, s<span class=\"_ _2\"></span>uch entities<span class=\"_ _2\"></span> <span class=\"ls30 ws52\">may</span></span> <span class=\"ls2f ws70\">need to b<span class=\"_ _2\"></span>e consolidated</span></span></span><span class=\"ls57 ws86\"><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"><span class=\"_ _2\"></span></span> </span></span></td></tr><tr><td class=\"t m0 x289 h98 y2aca ff71 fs39 fc2 sc0 ls2f ws70\">significant par<span class=\"_ _2\"></span>ticipating inte<span class=\"_ _2\"></span>rests held by <span class=\"_ _2\"></span>another <span class=\"_ _2\"></span><span class=\"ls53 ws80\">inves<span class=\"_ _2\"></span>tor<span class=\"ls1 ws0\">.</span></span><span class=\"ls53 ws80\"><span class=\"ls1 ws0\">  </span></span></td><td class=\"t m0 x28a h98 y2aca ff71 fs39 fc2 sc0 ls30 ws52\">accou<span class=\"_ _2\"></span>nting.<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">T<span class=\"_ _1\"></span><span class=\"ls2f ws70\">o establi<span class=\"_ _2\"></span>sh whether <span class=\"_ _2\"></span>an entity is<span class=\"_ _2\"></span> a consolida<span class=\"_ _2\"></span>ted</span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"> </span></span></td><td></td><td class=\"t m0 x28b h98 y2aca ff71 fs39 fc2 sc0 ls30 ws4f\">or acco<span class=\"_ _2\"></span>unted f<span class=\"_ _2\"></span>or as a<span class=\"_ _2\"></span>n investm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws52\">at<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls53 ws80\">co<span class=\"_ _2\"></span>st. <span class=\"ls2f ws70\">For example, it<span class=\"_ _2\"></span> is</span></span></span></span><span class=\"ws52\"><span class=\"ls1 ws0\"><span class=\"ls53 ws80\"><span class=\"ls2f ws70\"> </span></span></span></span></td></tr><tr><td class=\"t m0 x289 h98 y2acb ff71 fs39 fc2 sc0 ls30 ws50\">The Gr<span class=\"_ _2\"></span>oup h<span class=\"_ _2\"></span>as $<span class=\"_ _2\"></span><span class=\"ls31 ws53\">627.4<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">milli<span class=\"_ _2\"></span>on in i<span class=\"_ _2\"></span>nvestments in<span class=\"_ _2\"></span><span class=\"ls1 ws0\">,<span class=\"_ _1\"></span> <span class=\"ls30 ws4f\">and adv<span class=\"_ _2\"></span>ances</span></span></span></span></span><span class=\"ls31 ws53\"><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"><span class=\"ls1 ws0\"><span class=\"ls30 ws4f\"><span class=\"_ _2\"></span> </span></span></span></span></span></td><td class=\"t m0 x28a h98 y2acb ff71 fs39 fc2 sc0 ls47 ws82\">sub<span class=\"_ _1\"></span>sidiary, a jo<span class=\"_ _1\"></span>int ventur<span class=\"_ _1\"></span>e or an associa<span class=\"_ _1\"></span>te, <span class=\"ls2f ws4e\">key<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">areas<span class=\"_ _2\"></span> of</span></span></span><span class=\"ls2f ws4e\"><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"> </span></span></span></td><td></td><td class=\"t m0 x28b h98 y2acb ff71 fs39 fc2 sc0 ls2f ws70\">possible that <span class=\"_ _2\"></span>an investmen<span class=\"_ _2\"></span>t <span class=\"ls57 ws86\">is<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">ac<span class=\"_ _2\"></span>coun<span class=\"_ _2\"></span>ted <span class=\"ls2f ws4e\">for<span class=\"ls1 ws0\"> <span class=\"ls47 ws82\">a<span class=\"_ _1\"></span>s a joint ventur<span class=\"_ _1\"></span>e or</span></span></span></span></span></span><span class=\"ls57 ws86\"><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ls2f ws4e\"><span class=\"ls1 ws0\"><span class=\"ls47 ws82\"> </span></span></span></span></span></span></td></tr><tr><td class=\"t m0 x289 h98 y2acc ff71 fs39 fc2 sc0 ls53 ws80\">to<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls53 ws7d\">join<span class=\"_ _2\"></span>t ventu<span class=\"_ _2\"></span>res <span class=\"ls4b ws77\">and<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">associate<span class=\"_ _2\"></span>s.</span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls53 ws7d\"><span class=\"ls4b ws77\"><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"_ _2\"></span></span> </span></span></span></span></td><td class=\"t m0 x28a h98 y2acc ff71 fs39 fc2 sc0 ls2f ws75\">judgement include:<span class=\"ls1 ws0\"> </span></td><td></td><td class=\"t m0 x28b h98 y2acc ff71 fs39 fc2 sc0 ls30 ws50\">assoc<span class=\"_ _2\"></span>iate <span class=\"_ _2\"></span>using<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> equit<span class=\"_ _2\"></span>y me<span class=\"_ _2\"></span>th<span class=\"_ _2\"></span>od despi<span class=\"_ _2\"></span>te <span class=\"_ _2\"></span>havi<span class=\"_ _2\"></span>ng an<span class=\"_ _2\"></span> owne<span class=\"_ _2\"></span>rship<span class=\"_ _2\"></span> </td></tr><tr><td class=\"t m0 x289 h98 y2acd ff71 fs39 fc2 sc0 ls30 ws50\">Determ<span class=\"_ _2\"></span>inati<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> whe<span class=\"_ _2\"></span>ther <span class=\"_ _2\"></span>an e<span class=\"_ _2\"></span>ntity<span class=\"_ _2\"></span> is <span class=\"_ _2\"></span>an in<span class=\"_ _2\"></span>vestm<span class=\"_ _2\"></span>ent i<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> a <span class=\"_ _1\"></span><span class=\"ls30 ws52\">joi<span class=\"_ _2\"></span>nt</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"> </span></span></td><td class=\"c n x292 y2ace w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff73 fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2acf w140 h10d\"><div class=\"t m0 x245 h98 y2a4a ff71 fs39 fc2 sc0 ls2f ws70\">Qualitative analysis o<span class=\"_ _2\"></span>f an entity<span class=\"_ _2\"></span> including <span class=\"_ _2\"></span>review of, am<span class=\"_ _2\"></span>ong<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x28b h98 y2ad0 ff71 fs39 fc2 sc0 ls2f ws70\">interest exceedi<span class=\"_ _2\"></span>ng 50%<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws52\">w<span class=\"_ _2\"></span>here <span class=\"ls2f ws70\">the inves<span class=\"_ _2\"></span>tor<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls4a ws76\">doe<span class=\"_ _2\"></span>s <span class=\"ls30 ws50\">not exe<span class=\"_ _2\"></span>rcise</span></span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ls2f ws70\"><span class=\"ls1 ws0\"><span class=\"ls4a ws76\"><span class=\"ls30 ws50\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span></span></span></td></tr><tr><td class=\"t m0 x289 h98 y2ad1 ff71 fs39 fc2 sc0 ls2f ws70\">venture or a<span class=\"_ _2\"></span>ssociate is ba<span class=\"_ _2\"></span>sed on <span class=\"_ _2\"></span>certain <span class=\"ls53 ws7d\">re<span class=\"_ _2\"></span>levan<span class=\"_ _2\"></span>t activi<span class=\"_ _2\"></span>ties <span class=\"ls30 ws52\">suc<span class=\"_ _2\"></span>h</span></span><span class=\"ls53 ws7d\"><span class=\"ls30 ws52\"> </span></span></td><td class=\"t m0 x294 h98 y2ad2 ff71 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">other <span class=\"_ _2\"></span>fac<span class=\"_ _2\"></span>tors, i<span class=\"_ _2\"></span>ts<span class=\"_ _2\"></span> capit<span class=\"_ _2\"></span>al st<span class=\"_ _2\"></span>ructu<span class=\"_ _2\"></span>re, c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span>ual te<span class=\"_ _2\"></span>rms<span class=\"_ _2\"></span>, key </td><td class=\"t m0 x28b h98 y2ad3 ff71 fs39 fc2 sc0 ls2f ws4e\">direct<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">or indi<span class=\"_ _2\"></span>rect<span class=\"_ _2\"></span> cont<span class=\"_ _2\"></span>rol ove<span class=\"_ _2\"></span>r t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>investe<span class=\"_ _2\"></span>e.</span> </span><span class=\"ws70\">To the ex<span class=\"_ _2\"></span>tent that t<span class=\"_ _2\"></span>he</span><span class=\"ws70\"> </span></td></tr><tr><td class=\"t m0 x289 h98 y2ad4 ff71 fs39 fc2 sc0 ls30 ws4f\">as t<span class=\"ws52\">he<span class=\"ls1 ws0\"> </span></span>abili<span class=\"_ _2\"></span>ty to ap<span class=\"_ _2\"></span>prove<span class=\"_ _2\"></span> the ope<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ng and <span class=\"ws52\">cap<span class=\"_ _2\"></span>ital<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">b<span class=\"_ _2\"></span>udge<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\">s <span class=\"_ _1\"></span><span class=\"ls4a ws74\">of a<span class=\"_ _2\"></span><span class=\"ls30 ws52\">n</span></span></span></span></span></span><span class=\"ws52\"><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ls1 ws0\"><span class=\"ls4a ws74\"><span class=\"ls30 ws52\"> </span></span></span></span></span></span></td><td class=\"t m0 x294 h98 y2ad5 ff71 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">decisi<span class=\"_ _2\"></span>ons <span class=\"_ _2\"></span>requir<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> unani<span class=\"_ _2\"></span>mous<span class=\"_ _2\"></span> ap<span class=\"_ _2\"></span>proval<span class=\"_ _2\"></span>, rel<span class=\"_ _2\"></span>ated p<span class=\"_ _2\"></span>arty<span class=\"_ _2\"></span> </td><td class=\"t m0 x28b h98 y2ad6 ff71 fs39 fc2 sc0 ls2f ws70\">Group is deemed<span class=\"_ _2\"></span> to control <span class=\"_ _2\"></span>these en<span class=\"_ _2\"></span>tities, the en<span class=\"_ _2\"></span>tities would<span class=\"_ _2\"></span> </td></tr><tr><td class=\"t m0 x289 h98 y2ad7 ff71 fs39 fc2 sc0 ls53 ws80\">entity <span class=\"ls30 ws50\">and<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>abili<span class=\"_ _2\"></span>ty <span class=\"_ _2\"></span></span>to<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">appoint<span class=\"_ _2\"></span></span> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">k<span class=\"_ _2\"></span>ey man<span class=\"_ _2\"></span>agem<span class=\"_ _2\"></span>ent pe<span class=\"_ _2\"></span>rso<span class=\"_ _2\"></span>nnel<span class=\"ls1 ws0\">.</span></span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"ls1 ws0\"> </span></span></span></td><td class=\"t m0 x294 h98 y2ad8 ff71 fs39 fc2 sc0 ls30 ws4f\" colspan=\"2\">relati<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span>hips and<span class=\"_ _2\"></span> <span class=\"ws52\">the <span class=\"ls2f ws75\">design of the entity<span class=\"ls1 ws0\">.</span></span></span><span class=\"ws52\"><span class=\"ls2f ws75\"><span class=\"ls1 ws0\"> </span></span></span></td><td class=\"t m0 x28b h98 y2ad9 ff71 fs39 fc2 sc0 ls30 ws50\">have <span class=\"_ _2\"></span>to be<span class=\"_ _2\"></span> conso<span class=\"_ _2\"></span>lida<span class=\"_ _2\"></span>ted.<span class=\"_ _2\"></span> This<span class=\"_ _2\"></span> wo<span class=\"_ _2\"></span>uld af<span class=\"_ _2\"></span>fec<span class=\"_ _2\"></span>t the<span class=\"_ _2\"></span> balanc<span class=\"_ _2\"></span>e s<span class=\"_ _2\"></span>heet<span class=\"_ _2\"></span>, </td></tr><tr><td></td><td class=\"c n x292 y2ada w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff73 fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2adb w141 h10d\"><div class=\"t m0 x245 h98 y2a4a ff71 fs39 fc2 sc0 ls30 ws50\">Rights of<span class=\"_ _2\"></span> pa<span class=\"_ _2\"></span>rtne<span class=\"_ _2\"></span>rs reg<span class=\"_ _2\"></span>ardi<span class=\"_ _2\"></span>ng si<span class=\"_ _2\"></span>gnif<span class=\"_ _2\"></span>icant b<span class=\"_ _2\"></span>usi<span class=\"_ _2\"></span>ness d<span class=\"_ _2\"></span>eci<span class=\"_ _2\"></span>sions<span class=\"_ _2\"></span>,<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x28b h98 y2adc ff71 fs39 fc2 sc0 ls30 ws50\">income<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>ateme<span class=\"_ _2\"></span>nt, s<span class=\"_ _2\"></span>tateme<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>cash fl<span class=\"_ _2\"></span>ows <span class=\"_ _2\"></span>and d<span class=\"_ _2\"></span>ebt<span class=\"_ _2\"></span> coven<span class=\"_ _2\"></span>ants.<span class=\"_ _2\"></span> </td></tr><tr><td></td><td class=\"t m0 x294 h98 y2add ff71 fs39 fc2 sc0 ls30 ws50\" colspan=\"2\">includi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> dispo<span class=\"_ _2\"></span>sals <span class=\"_ _2\"></span><span class=\"ls4b ws77\">and<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">acq<span class=\"_ _2\"></span>uis<span class=\"_ _2\"></span>itions<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> asset<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\">.</span></span></span></span><span class=\"ls4b ws77\"><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"ls1 ws0\"> </span></span></span></span></td><td class=\"t m0 x28b h98 y2ade ff71 fs39 fc2 sc0 ls2f ws70\">See Note 1<span class=\"_ _2\"></span><span class=\"ls1 ws0\">7 <span class=\"_ _3\"></span><span class=\"ls2f ws70\">fo<span class=\"_ _2\"></span>r further det<span class=\"_ _2\"></span>ails.</span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"><span class=\"ls1 ws0\"> </span></span></span></td></tr><tr><td></td><td class=\"c n x292 y2adf w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff73 fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2ae0 w142 h10d\"><div class=\"t m0 x245 h98 y2a4a ff71 fs39 fc2 sc0 ls30 ws50\">Board and<span class=\"_ _2\"></span> ma<span class=\"_ _2\"></span>nageme<span class=\"_ _2\"></span>nt re<span class=\"_ _2\"></span>pres<span class=\"_ _2\"></span>enta<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">a<span class=\"_ _2\"></span>nd<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">ability</span> <span class=\"_ _1\"></span><span class=\"ls4a ws76\">t<span class=\"_ _2\"></span>o <span class=\"ls30 ws52\">appoint<span class=\"_ _195\"> </span></span></span></span></span></span></div></td><td></td></tr><tr><td></td><td class=\"t m0 x294 h98 y2ae1 ff71 fs39 fc2 sc0 ls2f ws70\" colspan=\"2\">key management<span class=\"_ _2\"></span> personnel<span class=\"ls1 ws0\">.</span><span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"c n x292 y2ae2 w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff73 fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2ae3 w143 h10d\"><div class=\"t m0 x245 h98 y2a4a ff71 fs39 fc2 sc0 ls30 ws50\">Potential<span class=\"_ _2\"></span> vo<span class=\"_ _2\"></span>ting <span class=\"_ _2\"></span>righ<span class=\"_ _2\"></span>ts<span class=\"ls1 ws0\">.<span class=\"_ _195\"> </span></span></div></td><td></td></tr><tr><td></td><td class=\"c n x292 y2ae4 w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff73 fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2ae5 w144 h10d\"><div class=\"t m0 x245 h98 y2a4a ff71 fs39 fc2 sc0 ls2f ws70\">Ability to make fi<span class=\"_ _2\"></span>nancing decisio<span class=\"_ _2\"></span>ns.<span class=\"_ _195\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n x292 y2ae6 w12e h10c\"><div class=\"t m0 x245 h98 y2a48 ff73 fs41 fc5 sc0 ls1 ws0\">\u2022<span class=\"_ _195\"> </span></div></td><td class=\"c n x293 y2ae7 w145 h10d\"><div class=\"t m0 x245 h98 y2a4a ff71 fs39 fc2 sc0 ls63 ws0\">Approv<span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>of<span class=\"_ _2\"></span> ope<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>and<span class=\"_ _2\"></span> cap<span class=\"_ _2\"></span>ital<span class=\"_ _2\"></span> <span class=\"ls64 ws97\">b<span class=\"_ _2\"></span>udge<span class=\"_ _2\"></span>t</span><span class=\"ls1\">s <span class=\"_ _3\"></span><span class=\"ls63 ws98\">an<span class=\"_ _2\"></span>d<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">contr<span class=\"_ _2\"></span>actual<span class=\"_ _195\"> </span></span></span></span></span></div></td><td></td></tr><tr><td></td><td class=\"t m0 x294 h98 y2ae8 ff71 fs39 fc2 sc0 ls30 ws52\" colspan=\"2\">rights<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws50\">of other<span class=\"_ _2\"></span> sha<span class=\"_ _2\"></span>rehold<span class=\"_ _2\"></span>ers<span class=\"ls1 ws0\">.</span></span><span class=\"ws50\"><span class=\"ls1 ws0\">  </span></span></td><td></td></tr><tr><td></td><td class=\"t m0 x28a h98 y2ae9 ff71 fs39 fc2 sc0 ls2f ws70\">The exercise of<span class=\"_ _2\"></span> judgement <span class=\"_ _2\"></span><span class=\"ls1 ws0\">i<span class=\"ls30 ws50\">n these<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span>as dete<span class=\"_ _2\"></span>rmi<span class=\"_ _2\"></span>nes w<span class=\"_ _2\"></span>het<span class=\"_ _2\"></span>her a</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"> </span></span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x28a h98 y2aea ff71 fs39 fc2 sc0 ls30 ws50\">parti<span class=\"_ _2\"></span>cular<span class=\"_ _2\"></span> entity<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> <span class=\"ls2f ws4e\">consolida<span class=\"_ _2\"></span>ted<span class=\"ls1 ws0\"> </span></span>as a s<span class=\"_ _2\"></span>ubsidi<span class=\"_ _2\"></span>ary o<span class=\"_ _2\"></span>r ac<span class=\"_ _2\"></span>coun<span class=\"_ _2\"></span>ted </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x28a h98 y2aeb ff71 fs39 fc2 sc0 ls4a ws76\">for<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">under t<span class=\"_ _2\"></span>he eq<span class=\"_ _2\"></span>uity m<span class=\"_ _2\"></span>eth<span class=\"_ _2\"></span>od.</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"_ _2\"></span></span> </span></td><td></td><td></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAssetsAndLiabilitiesWithSignificantRiskOfMaterialAdjustmentExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-574": {
   "value": "<div class=\"t m0 ha5 ff77 fs40 fcb sc0 ls1 ws0 gs94\">3. Business and Geographic Segment Information </div><div class=\"t m0 h98 ff78 fs39 fc2 sc0 ls30 ws50 gs95\">The Gr<span class=\"_ _2\"></span>oup h<span class=\"_ _2\"></span>as f<span class=\"_ _2\"></span><span class=\"ls53 ws80\">ive<span class=\"ls1 ws0\"> </span></span>repo<span class=\"_ _2\"></span>rtabl<span class=\"_ _2\"></span>e se<span class=\"_ _2\"></span>gme<span class=\"_ _2\"></span>nts<span class=\"ls1 ws0\">: <span class=\"_ _1\"></span><span class=\"ls30 ws52\">Tank<span class=\"_ _2\"></span>ers<span class=\"_ _2\"></span>, <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">Te<span class=\"_ _2\"></span>rminals, <span class=\"ls30 ws4f\">Tank<span class=\"_ _2\"></span> Contai<span class=\"_ _2\"></span>ners<span class=\"_ _2\"></span>, Stol<span class=\"_ _2\"></span>t Sea Farm<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws50\">and Stol<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\">-</span></span></span><span class=\"ws75\">Nielsen Gas<span class=\"ws70\">. The n<span class=\"_ _2\"></span>ature of <span class=\"_ _2\"></span>these segments i<span class=\"_ _2\"></span>s described<span class=\"_ _2\"></span> in Note 1.<span class=\"_ _2\"></span> Reportable <span class=\"_ _2\"></span>segments ar<span class=\"_ _2\"></span>e </span></span></span></span></span></div><div class=\"t m0 h98 ff78 fs39 fc2 sc0 ls2f ws70 gs96\">defined as compo<span class=\"_ _2\"></span>nents of a<span class=\"_ _2\"></span>n enterprise<span class=\"_ _2\"></span> <span class=\"ws4e\">for<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">which s<span class=\"_ _2\"></span>epar<span class=\"_ _2\"></span>ate f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>ncial i<span class=\"_ _2\"></span>nf<span class=\"_ _2\"></span>ormati<span class=\"_ _2\"></span>on i<span class=\"_ _2\"></span>s av<span class=\"_ _2\"></span>ailab<span class=\"_ _2\"></span>le th<span class=\"_ _2\"></span>at i<span class=\"_ _2\"></span>s eval<span class=\"_ _2\"></span>uate<span class=\"_ _2\"></span>d reg<span class=\"_ _2\"></span>ula<span class=\"_ _2\"></span>rly by<span class=\"_ _2\"></span> the c<span class=\"_ _2\"></span>hief<span class=\"_ _2\"></span> oper<span class=\"_ _2\"></span>ating<span class=\"_ _2\"></span> dec<span class=\"_ _2\"></span>ision<span class=\"_ _2\"></span></span> <span class=\"ls30 ws50\">maker i<span class=\"_ _2\"></span>n d<span class=\"_ _2\"></span>eci<span class=\"_ _2\"></span>ding <span class=\"_ _2\"></span>how to<span class=\"_ _2\"></span> all<span class=\"_ _2\"></span>ocate<span class=\"_ _2\"></span> reso<span class=\"_ _2\"></span>urces<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span></span> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">i<span class=\"_ _2\"></span>n </span></span></span></div><div class=\"t m0 h98 ff78 fs39 fc2 sc0 ls30 ws50 gs97\">asses<span class=\"_ _2\"></span>sing p<span class=\"_ _2\"></span>erfo<span class=\"_ _2\"></span>rma<span class=\"_ _2\"></span>nce. T<span class=\"_ _2\"></span>he<span class=\"ls1 ws0\"> </span><span class=\"ff79 ws52\">Comp<span class=\"_ _2\"></span>any\u2019s </span><span class=\"ls1 ws0\">e<span class=\"_ _1\"></span><span class=\"ls53 ws80\">xec<span class=\"_ _2\"></span>uti<span class=\"_ _2\"></span>ve <span class=\"ls1 ws0\">m<span class=\"_ _1\"></span><span class=\"ls30 ws52\">an<span class=\"_ _2\"></span>agemen<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\"> </span>team<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">has been ide<span class=\"_ _2\"></span>ntified as t<span class=\"_ _2\"></span>he chief oper<span class=\"_ _2\"></span>ating decision<span class=\"_ _2\"></span> m</span></span>ake<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> <span class=\"ls48 ws72\">as <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">it<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">di<span class=\"_ _2\"></span>rect<span class=\"_ _2\"></span><span class=\"ls1 ws0\">s <span class=\"_ _1\"></span><span class=\"ls30 ws50\">the<span class=\"_ _2\"></span> alloc<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n of <span class=\"_ _2\"></span>reso<span class=\"_ _2\"></span>urces<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span>oper<span class=\"_ _2\"></span>ating <span class=\"_ _2\"></span>segm<span class=\"_ _2\"></span>ents b<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span>d on </span></span></span></span></span></span></span></span></span></span></div><div class=\"t m0 h98 ff78 fs39 fc2 sc0 ls30 ws52 gs98\">the net<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">profit (loss) o<span class=\"_ _2\"></span>f each resp<span class=\"_ _2\"></span>ective segmen<span class=\"_ _2\"></span>t. </span> </span></div><div class=\"t m0 h98 ff78 fs39 fc2 sc0 ls30 ws50 gs99\">The C<span class=\"_ _2\"></span>orpor<span class=\"_ _2\"></span>ate a<span class=\"_ _2\"></span>nd O<span class=\"_ _2\"></span>ther<span class=\"_ _2\"></span> categ<span class=\"_ _2\"></span>ory i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>es c<span class=\"_ _2\"></span>orp<span class=\"_ _2\"></span>orate<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2f ws70\">r<span class=\"_ _2\"></span>elated item<span class=\"_ _2\"></span>s<span class=\"ls30 ws50\">, suc<span class=\"_ _2\"></span>h as<span class=\"_ _2\"></span> prof<span class=\"_ _2\"></span>it s<span class=\"_ _2\"></span>haring<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ng<span class=\"ls1 ws0\">-</span>term ince<span class=\"_ _2\"></span>nti<span class=\"_ _2\"></span>ve ex<span class=\"_ _2\"></span>pense<span class=\"_ _2\"></span>s for<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span>,<span class=\"ls1 ws0\"> </span>and t<span class=\"_ _2\"></span>he re<span class=\"_ _2\"></span>sult<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> othe<span class=\"_ _2\"></span>r insi<span class=\"_ _2\"></span>gnifi<span class=\"_ _2\"></span>can<span class=\"_ _2\"></span>t ope<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ons <span class=\"_ _2\"></span>not rep<span class=\"_ _2\"></span>ortab<span class=\"_ _2\"></span>le </span></span></span></div><div class=\"t m0 h98 ff78 fs39 fc2 sc0 ls30 ws50 gs9a\">under <span class=\"_ _2\"></span>othe<span class=\"_ _2\"></span>r segm<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff78 fs39 fc2 sc0 ls30 ws50 gs9b\">The b<span class=\"_ _2\"></span>asis o<span class=\"_ _2\"></span>f me<span class=\"_ _2\"></span>asure<span class=\"_ _2\"></span>ment <span class=\"_ _2\"></span>and<span class=\"_ _2\"></span> accou<span class=\"_ _2\"></span>nting<span class=\"_ _2\"></span> pol<span class=\"_ _2\"></span>icie<span class=\"_ _2\"></span>s of <span class=\"_ _2\"></span>the re<span class=\"_ _2\"></span>por<span class=\"_ _2\"></span>tabl<span class=\"_ _2\"></span>e seg<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> same<span class=\"_ _2\"></span> as <span class=\"_ _2\"></span>those<span class=\"_ _2\"></span> desc<span class=\"_ _2\"></span>ribe<span class=\"_ _2\"></span>d in<span class=\"_ _2\"></span> Note<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> 2<span class=\"_ _1\"></span> <span class=\"ls30 ws50\">and i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he foot<span class=\"_ _2\"></span>notes<span class=\"_ _2\"></span> tha<span class=\"_ _2\"></span>t sup<span class=\"_ _2\"></span>port<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span><span class=\"ws4f\">Fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al Sta<span class=\"_ _2\"></span>tement<span class=\"_ _2\"></span>s<span class=\"ls53 ws32\">. In<span class=\"_ _2\"></span>ter</span></span></span>-<span class=\"ls2f ws70\">segment sales<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 h98 ff78 fs39 fc2 sc0 ls30 ws50 gs9c\">and t<span class=\"_ _2\"></span>ransfe<span class=\"_ _2\"></span>rs a<span class=\"_ _2\"></span>re no<span class=\"_ _2\"></span>t si<span class=\"_ _2\"></span>gnif<span class=\"_ _2\"></span>icant<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> have<span class=\"_ _2\"></span> been<span class=\"_ _2\"></span> elim<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>ted and<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">not included i<span class=\"_ _2\"></span>n the f<span class=\"_ _2\"></span>ollowing table.<span class=\"_ _2\"></span> Indirect co<span class=\"_ _2\"></span>sts and a<span class=\"_ _2\"></span>ssets have b<span class=\"_ _2\"></span>een apportioned<span class=\"_ _2\"></span> between</span> </span>the<span class=\"_ _2\"></span> seg<span class=\"_ _2\"></span>ments o<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup o<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> bas<span class=\"_ _2\"></span>is<span class=\"ls1 ws0\"> <span class=\"ls4a ws76\">of </span></span></div><div class=\"t m0 h98 ff78 fs39 fc2 sc0 ls30 ws50 gs9d\">corres<span class=\"_ _2\"></span>pondi<span class=\"_ _2\"></span>ng di<span class=\"_ _2\"></span>rect<span class=\"_ _2\"></span> cos<span class=\"_ _2\"></span>ts a<span class=\"_ _2\"></span>nd a<span class=\"_ _2\"></span>ssets.<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff78 fs39 fc2 sc0 ls30 ws50 gs9e\">The f<span class=\"_ _2\"></span>ollowi<span class=\"_ _2\"></span>ng tab<span class=\"_ _2\"></span>les <span class=\"_ _2\"></span>show<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> sum<span class=\"_ _2\"></span>marised<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nancial<span class=\"_ _2\"></span> inf<span class=\"_ _2\"></span>orma<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n,<span class=\"ls1 ws0\"> <span class=\"ls2f ws75\">for each reportable segment:<span class=\"_ _2\"></span></span> </span></div><div class=\"c w52 hb4 gs9f\"><div class=\"t m0 x0 h82 y1c4a ff78 fs3b fc2 sc0 ls19 ws2d\">For <span class=\"ls1 ws32\">the year ended<span class=\"_ _2\"></span><span class=\"ws0\"> <span class=\"ls1e ws2f\">and as of </span></span>November 30, 20<span class=\"ws0\">25 (<span class=\"ls2d ws4a\">in</span> <span class=\"ls1c ws30\">US </span>$ thousands) </span></span></div></div><div class=\"c w20 hb4 gsa0\"><div class=\"t m0 x186 h85 y1bd2 ff7a fs3b fc2 sc0 ls1 ws0\">Tankers </div></div><div class=\"c w20 hb4 gsa1\"><div class=\"t m0 x181 h85 y1bd2 ff7a fs3b fc2 sc0 ls65 ws99\">Terminals <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></div><div class=\"c w54 hb4 gsa2\"><div class=\"t m0 x17e h85 y1bd2 ff7a fs3b fc2 sc0 ls1 ws9a\">Tank Containers<span class=\"ws0\"> </span></div></div><div class=\"c w55 hb4 gsa3\"><div class=\"t m0 x175 h85 y1bd2 ff7a fs3b fc2 sc0 ls65 ws9b\">Stolt Sea<span class=\"_ _2\"></span> Farm<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w48 hb4 gsa4\"><div class=\"t m0 x1a6 h85 y1bd2 ff7a fs3b fc2 sc0 ls65 ws99\">Stolt<span class=\"ls1 ws0\">-<span class=\"ls1d ws9c\">Nielsen<span class=\"_ _2\"></span> Gas</span> </span></div></div><div class=\"c w48 hb4 gsa5\"><div class=\"t m0 x181 h85 y1e4b ff7a fs3b fc2 sc0 ls65 ws99\">Corporate <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 x187 h85 y1e4c ff7a fs3b fc2 sc0 ls1 ws9a\">and Other <span class=\"ws0\"> </span></div></div><div class=\"c w2a hb4 gsa6\"><div class=\"t m0 x177 h85 y1bd2 ff7a fs3b fc2 sc0 ls1 ws0\">Total </div></div><div class=\"c w52 h86 gsa7\"><div class=\"t m0 x0 h88 y1c50 ff78 fs3a fc2 sc0 ls24 ws3a\">Operating revenue<span class=\"ls1 ws0\"> <span class=\"_ _176\"></span><span class=\"fcc sc1\"> </span></span></div></div><div class=\"c w20 h86 gsa8\"><div class=\"t m0 x17a h87 y1c50 ff7a fs3a fc2 sc0 ls21 ws35\">1,59<span class=\"_ _2\"></span>8,999<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></div><div class=\"c w20 h86 gsa9\"><div class=\"t m0 x180 h87 y1c50 ff7a fs3a fc2 sc0 ls21 ws35\">312,<span class=\"_ _2\"></span>354<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w54 h86 gsaa\"><div class=\"t m0 x180 h87 y1c50 ff7a fs3a fc2 sc0 ls21 ws35\">648,<span class=\"_ _2\"></span>806<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w55 h86 gsab\"><div class=\"t m0 x180 h87 y1c50 ff7a fs3a fc2 sc0 ls21 ws35\">138,<span class=\"_ _2\"></span>988<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w48 h86 gsac\"><div class=\"t m0 x179 h87 y1c50 ff7a fs3a fc2 sc0 ls23 ws39\">67,699<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w48 h86 gsad\"><div class=\"t m0 x184 h87 y1c50 ff7a fs3a fc2 sc0 ls21 ws35\">2,15<span class=\"_ _2\"></span>5 <span class=\"ls1 ws0\"> </span></div></div><div class=\"c w2a h86 gsae\"><div class=\"t m0 x1b1 h87 y1c50 ff7a fs3a fc2 sc0 ls21 ws35\">2,76<span class=\"_ _2\"></span>9,001 <span class=\"ls1 ws0\"> </span></div></div><div class=\"c w52 h86 gsaf\"><div class=\"t m0 x0 h88 y1bde ff78 fs3a fc2 sc0 ls26 ws3d\">Operating<span class=\"_ _1\"></span> expenses<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w24 h86 gsb0\"><div class=\"t m0 x17c h87 y1bde ff7a fs3a fc2 sc0 ls21 ws35\">(1,06<span class=\"_ _2\"></span>9,94<span class=\"_ _2\"></span>5)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></div><div class=\"c w2b h86 gsb1\"><div class=\"t m0 x197 h87 y1bde ff7a fs3a fc2 sc0 ls21 ws35\">(111,<span class=\"_ _2\"></span>749)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></div><div class=\"c w4b h86 gsb2\"><div class=\"t m0 x197 h87 y1bde ff7a fs3a fc2 sc0 ls21 ws35\">(455,<span class=\"_ _2\"></span>168)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></div><div class=\"c w56 h86 gsb3\"><div class=\"t m0 x181 h87 y1bde ff7a fs3a fc2 sc0 ls21 ws35\">(66,0<span class=\"_ _2\"></span>64)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></div><div class=\"c w25 h86 gsb4\"><div class=\"t m0 x181 h87 y1bde ff7a fs3a fc2 sc0 ls21 ws35\">(39,7<span class=\"_ _2\"></span>19)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></div><div class=\"c w25 h86 gsb5\"><div class=\"t m0 x183 h87 y1bde ff7a fs3a fc2 sc0 ls21 ws35\">(3,72<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\">) </span></div></div><div class=\"c w2c h86 gsb6\"><div class=\"t m0 x17c h87 y1bde ff7a fs3a fc2 sc0 ls21 ws35\">(1,74<span class=\"_ _2\"></span>6,37<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\">) </span></div></div><div class=\"c w52 h8a gsb7\"><div class=\"t m0 x0 h88 y1c2d ff78 fs3a fc2 sc0 ls22 ws37\">Depreciati<span class=\"_ _1\"></span>on and amortis<span class=\"_ _1\"></span>ation<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w24 h8a gsb8\"><div class=\"t m0 x197 h87 y1c2d ff7a fs3a fc2 sc0 ls21 ws35\">(188,<span class=\"_ _2\"></span>017)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></div><div class=\"c w2b h8a gsb9\"><div class=\"t m0 x181 h87 y1c2d ff7a fs3a fc2 sc0 ls21 ws35\">(65,5<span class=\"_ _2\"></span>58)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></div><div class=\"c w4b h8a gsba\"><div class=\"t m0 x181 h87 y1c2d ff7a fs3a fc2 sc0 ls21 ws35\">(58,8<span class=\"_ _2\"></span>78)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></div><div class=\"c w56 h8a gsbb\"><div class=\"t m0 x183 h87 y1c2d ff7a fs3a fc2 sc0 ls21 ws35\">(9,25<span class=\"_ _2\"></span>8)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></div><div class=\"c w25 h8a gsbc\"><div class=\"t m0 x181 h87 y1c2d ff7a fs3a fc2 sc0 ls21 ws35\">(12,3<span class=\"_ _2\"></span>44<span class=\"ls1 ws0\">) </span></div></div><div class=\"c w25 h8a gsbd\"><div class=\"t m0 x183 h87 y1c2d ff7a fs3a fc2 sc0 ls21 ws35\">(6,39<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\">) </span></div></div><div class=\"c w2c h8a gsbe\"><div class=\"t m0 x197 h87 y1c2d ff7a fs3a fc2 sc0 ls21 ws35\">(340,<span class=\"_ _2\"></span>448<span class=\"ls1 ws0\">) </span></div></div><div class=\"c w52 h86 gsbf\"><div class=\"t m0 x0 h88 y1bde ff78 fs3a fc2 sc0 ls22 ws37\">Share of p<span class=\"_ _1\"></span>rofit (loss) of joint ventures<span class=\"_ _1\"></span> and associates<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w20 h86 gsc0\"><div class=\"t m0 x179 h87 y1bde ff7a fs3a fc2 sc0 ls23 ws39\">17,843<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w20 h86 gsc1\"><div class=\"t m0 x179 h87 y1bde ff7a fs3a fc2 sc0 ls23 ws39\">30,370<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w54 h86 gsc2\"><div class=\"t m0 x185 h87 y1bde ff7a fs3a fc2 sc0 ls21 ws35\">1,45<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w55 h86 gsc3\"><div class=\"t m0 xb6 h87 y1bde ff7c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff7a\"> </span></div></div><div class=\"c w25 h86 gsc4\"><div class=\"t m0 x183 h87 y1bde ff7a fs3a fc2 sc0 ls21 ws35\">(6,15<span class=\"_ _2\"></span>9<span class=\"ls1 ws0\">) </span></div></div><div class=\"c w48 h86 gsc5\"><div class=\"t m0 xb6 h87 y1bde ff7c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff7a\"> </span></div></div><div class=\"c w2a h86 gsc6\"><div class=\"t m0 x179 h87 y1bde ff7a fs3a fc2 sc0 ls23 ws39\">43,511<span class=\"_ _1\"></span> <span class=\"ls1 ws0\"> </span></div></div><div class=\"c w52 h8b gsc7\"><div class=\"t m0 x0 h88 y1c05 ff78 fs3a fc2 sc0 ls24 ws3a\">Administrative and general expenses<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w24 h8b gsc8\"><div class=\"t m0 x197 h87 y1c05 ff7a fs3a fc2 sc0 ls21 ws35\">(109,<span class=\"_ _2\"></span>649)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></div><div class=\"c w2b h8b gsc9\"><div class=\"t m0 x181 h87 y1c05 ff7a fs3a fc2 sc0 ls21 ws35\">(58,8<span class=\"_ _2\"></span>05)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></div><div class=\"c w4b h8b gsca\"><div class=\"t m0 x181 h87 y1c05 ff7a fs3a fc2 sc0 ls21 ws35\">(90,3<span class=\"_ _2\"></span>05)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></div><div class=\"c w56 h8b gscb\"><div class=\"t m0 x181 h87 y1c05 ff7a fs3a fc2 sc0 ls21 ws35\">(14,9<span class=\"_ _2\"></span>37)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></div><div class=\"c w25 h8b gscc\"><div class=\"t m0 x183 h87 y1c05 ff7a fs3a fc2 sc0 ls21 ws35\">(5,34<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\">) </span></div></div><div class=\"c w25 h8b gscd\"><div class=\"t m0 x181 h87 y1c05 ff7a fs3a fc2 sc0 ls23 ws39\">(21,75<span class=\"_ _1\"></span><span class=\"ls27 ws3f\">1)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div></div><div class=\"c w2c h8b gsce\"><div class=\"t m0 x197 h87 y1c05 ff7a fs3a fc2 sc0 ls21 ws35\">(300,<span class=\"_ _2\"></span>79<span class=\"ls27 ws3f\">4)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div></div><div class=\"c w52 h8a gscf\"><div class=\"t m0 x0 h88 y1be6 ff78 fs3a fc2 sc0 ls22 ws37\">Operati<span class=\"_ _1\"></span>ng profit (loss)<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w20 h8a gsd0\"><div class=\"t m0 x180 h87 y1be6 ff7a fs3a fc2 sc0 ls21 ws35\">249,<span class=\"_ _2\"></span>184<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w20 h8a gsd1\"><div class=\"t m0 x180 h87 y1be6 ff7a fs3a fc2 sc0 ls21 ws35\">107,<span class=\"_ _2\"></span>815<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w54 h8a gsd2\"><div class=\"t m0 x179 h87 y1be6 ff7a fs3a fc2 sc0 ls23 ws39\">47,190<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w55 h8a gsd3\"><div class=\"t m0 x179 h87 y1be6 ff7a fs3a fc2 sc0 ls23 ws39\">48,135<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w48 h8a gsd4\"><div class=\"t m0 x184 h87 y1be6 ff7a fs3a fc2 sc0 ls21 ws35\">4,39<span class=\"_ _2\"></span>4 <span class=\"ls1 ws0\"> </span></div></div><div class=\"c w25 h8a gsd5\"><div class=\"t m0 x181 h87 y1be6 ff7a fs3a fc2 sc0 ls21 ws35\">(30,2<span class=\"_ _2\"></span>14<span class=\"ls1 ws0\">) </span></div></div><div class=\"c w2a h8a gsd6\"><div class=\"t m0 x181 h87 y1be6 ff7a fs3a fc2 sc0 ls21 ws35\">426,<span class=\"_ _2\"></span>504 <span class=\"ls1 ws0\"> </span></div></div><div class=\"c w52 h86 gsd7\"><div class=\"t m0 x0 h88 y1be4 ff78 fs3a fc2 sc0 ls26 ws3d\">Finance expense (<span class=\"_ _1\"></span>a)<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w24 h86 gsd8\"><div class=\"t m0 x181 h87 y1be4 ff7a fs3a fc2 sc0 ls21 ws35\">(79,2<span class=\"_ _2\"></span>94)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></div><div class=\"c w2b h86 gsd9\"><div class=\"t m0 x181 h87 y1be4 ff7a fs3a fc2 sc0 ls21 ws35\">(47,1<span class=\"_ _2\"></span>71)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></div><div class=\"c w4b h86 gsda\"><div class=\"t m0 x181 h87 y1be4 ff7a fs3a fc2 sc0 ls21 ws35\">(19,9<span class=\"_ _2\"></span>48)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></div><div class=\"c w56 h86 gsdb\"><div class=\"t m0 x183 h87 y1be4 ff7a fs3a fc2 sc0 ls21 ws35\">(5,09<span class=\"_ _2\"></span>6)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></div><div class=\"c w25 h86 gsdc\"><div class=\"t m0 x181 h87 y1be4 ff7a fs3a fc2 sc0 ls21 ws35\">(15,1<span class=\"_ _2\"></span>66<span class=\"ls1 ws0\">) </span></div></div><div class=\"c w48 h86 gsdd\"><div class=\"t m0 x179 h87 y1be4 ff7a fs3a fc2 sc0 ls23 ws39\">25,918<span class=\"_ _1\"></span> <span class=\"ls1 ws0\"> </span></div></div><div class=\"c w2c h86 gsde\"><div class=\"t m0 x197 h87 y1be4 ff7a fs3a fc2 sc0 ls21 ws35\">(140,<span class=\"_ _2\"></span>757<span class=\"ls1 ws0\">) </span></div></div><div class=\"c w52 h86 gsdf\"><div class=\"t m0 x0 h88 y1be2 ff78 fs3a fc2 sc0 ls24 ws3a\">Finance income<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w20 h86 gse0\"><div class=\"t m0 x185 h87 y1be2 ff7a fs3a fc2 sc0 ls21 ws35\">3,07<span class=\"_ _2\"></span>9<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w20 h86 gse1\"><div class=\"t m0 x185 h87 y1be2 ff7a fs3a fc2 sc0 ls21 ws35\">1,85<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w54 h86 gse2\"><div class=\"t m0 x1a0 h87 y1be2 ff7a fs3a fc2 sc0 ls21 ws35\">396<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w55 h86 gse3\"><div class=\"t m0 x193 h87 y1be2 ff7a fs3a fc2 sc0 ls27 ws3f\">67<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w48 h86 gse4\"><div class=\"t m0 x1a0 h87 y1be2 ff7a fs3a fc2 sc0 ls21 ws35\">442 <span class=\"ls1 ws0\"> </span></div></div><div class=\"c w48 h86 gse5\"><div class=\"t m0 x184 h87 y1be2 ff7a fs3a fc2 sc0 ls21 ws35\">1,44<span class=\"_ _2\"></span>5 <span class=\"ls1 ws0\"> </span></div></div><div class=\"c w2a h86 gse6\"><div class=\"t m0 x184 h87 y1be2 ff7a fs3a fc2 sc0 ls21 ws35\">7,28<span class=\"_ _2\"></span>0 <span class=\"ls1 ws0\"> </span></div></div><div class=\"c w52 h8a gse7\"><div class=\"t m0 x0 h88 y1c18 ff78 fs3a fc2 sc0 ls24 ws3a\">Gain on step<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">up acquisitions o<span class=\"_ _2\"></span>f Hass<span class=\"_ _2\"></span>el Shippin<span class=\"_ _2\"></span>g 4 A.S.<span class=\"_ _2\"></span></span> <span class=\"_ _1\"></span><span class=\"ls24 ws3a\">and Avenir<span class=\"_ _2\"></span> LNG Ltd<span class=\"ls1 ws0\"> </span></span></span></div></div><div class=\"c w20 h8a gse8\"><div class=\"t m0 x179 h87 y1c18 ff7a fs3a fc2 sc0 ls21 ws35\">42,5<span class=\"_ _2\"></span><span class=\"ls66 ws9d\">45<span class=\"ls1 ws0\"> </span></span></div></div><div class=\"c w20 h8a gse9\"><div class=\"t m0 xb6 h87 y1c18 ff7c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff7a\"> </span></div></div><div class=\"c w54 h8a gsea\"><div class=\"t m0 xb6 h87 y1c18 ff7c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff7a\"> </span></div></div><div class=\"c w55 h8a gseb\"><div class=\"t m0 xb6 h87 y1c18 ff7c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff7a\"> </span></div></div><div class=\"c w48 h8a gsec\"><div class=\"t m0 x179 h87 y1c18 ff7a fs3a fc2 sc0 ls21 ws35\">32,<span class=\"ls1 ws0\">6<span class=\"ls66 ws9d\">45</span> </span></div></div><div class=\"c w48 h8a gsed\"><div class=\"t m0 xb6 h87 y1c18 ff7c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff7a\"> </span></div></div><div class=\"c w2a h8a gsee\"><div class=\"t m0 x179 h87 y1c18 ff7a fs3a fc2 sc0 ls23 ws39\">75,190<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w52 h86 gsef\"><div class=\"t m0 x0 h88 y1be2 ff78 fs3a fc2 sc0 ls22 ws37\">Profit b<span class=\"_ _1\"></span>efore income tax <span class=\"ls1 ws0\"> </span></div></div><div class=\"c w20 h86 gsf0\"><div class=\"t m0 x180 h87 y1be2 ff7a fs3a fc2 sc0 ls21 ws35\">217,<span class=\"_ _2\"></span>596<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w20 h86 gsf1\"><div class=\"t m0 x179 h87 y1be2 ff7a fs3a fc2 sc0 ls23 ws39\">63,447<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w54 h86 gsf2\"><div class=\"t m0 x179 h87 y1be2 ff7a fs3a fc2 sc0 ls23 ws39\">29,314<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w55 h86 gsf3\"><div class=\"t m0 x179 h87 y1be2 ff7a fs3a fc2 sc0 ls23 ws39\">43,125<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w48 h86 gsf4\"><div class=\"t m0 x179 h87 y1be2 ff7a fs3a fc2 sc0 ls23 ws39\">25,901<span class=\"_ _1\"></span> <span class=\"ls1 ws0\"> </span></div></div><div class=\"c w48 h86 gsf5\"><div class=\"t m0 x179 h87 y1be2 ff7a fs3a fc2 sc0 ls23 ws39\">10,522<span class=\"_ _1\"></span> <span class=\"ls1 ws0\"> </span></div></div><div class=\"c w2a h86 gsf6\"><div class=\"t m0 x181 h87 y1be2 ff7a fs3a fc2 sc0 ls21 ws35\">389,<span class=\"_ _2\"></span>905 <span class=\"ls1 ws0\"> </span></div></div><div class=\"c w52 h86 gsf7\"><div class=\"t m0 x0 h88 y1be8 ff78 fs3a fc2 sc0 ls24 ws3a\">Income tax expense<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w24 h86 gsf8\"><div class=\"t m0 x183 h87 y1be8 ff7a fs3a fc2 sc0 ls21 ws35\">(1,77<span class=\"_ _2\"></span>6)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></div><div class=\"c w2b h86 gsf9\"><div class=\"t m0 x181 h87 y1be8 ff7a fs3a fc2 sc0 ls21 ws35\">(14,4<span class=\"_ _2\"></span>98)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></div><div class=\"c w4b h86 gsfa\"><div class=\"t m0 x183 h87 y1be8 ff7a fs3a fc2 sc0 ls21 ws35\">(8,16<span class=\"_ _2\"></span>2)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></div><div class=\"c w56 h86 gsfb\"><div class=\"t m0 x183 h87 y1be8 ff7a fs3a fc2 sc0 ls21 ws35\">(9,79<span class=\"_ _2\"></span>7)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></div><div class=\"c w25 h86 gsfc\"><div class=\"t m0 x47 h87 y1be8 ff7a fs3a fc2 sc0 ls21 ws35\">(153<span class=\"ls1 ws0\">) </span></div></div><div class=\"c w25 h86 gsfd\"><div class=\"t m0 x183 h87 y1be8 ff7a fs3a fc2 sc0 ls21 ws35\">(5,36<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\">) </span></div></div><div class=\"c w2c h86 gsfe\"><div class=\"t m0 x181 h87 y1be8 ff7a fs3a fc2 sc0 ls21 ws35\">(39,7<span class=\"_ _2\"></span>49<span class=\"ls1 ws0\">) </span></div></div><div class=\"c w52 h8a gsff\"><div class=\"t m0 x0 h88 y1c65 ff78 fs3a fc2 sc0 ls22 ws37\">Net profit <span class=\"ls1 ws0\"> </span></div></div><div class=\"c w20 h8a gs100\"><div class=\"t m0 x180 h87 y1c65 ff7a fs3a fc2 sc0 ls21 ws35\">215,<span class=\"_ _2\"></span>820<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w20 h8a gs101\"><div class=\"t m0 x179 h87 y1c65 ff7a fs3a fc2 sc0 ls23 ws39\">48,949<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w54 h8a gs102\"><div class=\"t m0 x179 h87 y1c65 ff7a fs3a fc2 sc0 ls23 ws39\">21,152<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w55 h8a gs103\"><div class=\"t m0 x179 h87 y1c65 ff7a fs3a fc2 sc0 ls23 ws39\">33,328<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w48 h8a gs104\"><div class=\"t m0 x179 h87 y1c65 ff7a fs3a fc2 sc0 ls23 ws39\">25,748<span class=\"_ _1\"></span> <span class=\"ls1 ws0\"> </span></div></div><div class=\"c w48 h8a gs105\"><div class=\"t m0 x184 h87 y1c65 ff7a fs3a fc2 sc0 ls21 ws35\">5,15<span class=\"_ _2\"></span>9 <span class=\"ls1 ws0\"> </span></div></div><div class=\"c w2a h8a gs106\"><div class=\"t m0 x181 h87 y1c65 ff7a fs3a fc2 sc0 ls21 ws35\">350,<span class=\"_ _2\"></span>156 <span class=\"ls1 ws0\"> </span></div></div><div class=\"c w52 h86 gs107\"><div class=\"t m0 x0 h87 y1be8 ff7a fs3a fc2 sc0 ls1f ws33\">Balan<span class=\"_ _2\"></span>ce Sheet<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></div><div class=\"c w52 h86 gs108\"><div class=\"t m0 x0 h88 y1bea ff78 fs3a fc2 sc0 ls20 ws34\">Capital e<span class=\"_ _2\"></span>xpendit<span class=\"_ _2\"></span>ure (<span class=\"_ _2\"></span>b)<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w20 h86 gs109\"><div class=\"t m0 x180 h87 y1bea ff7a fs3a fc2 sc0 ls21 ws35\">458,<span class=\"_ _2\"></span>769<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w20 h86 gs10a\"><div class=\"t m0 x180 h87 y1bea ff7a fs3a fc2 sc0 ls21 ws35\">130,<span class=\"_ _2\"></span>986<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w54 h86 gs10b\"><div class=\"t m0 x180 h87 y1bea ff7a fs3a fc2 sc0 ls21 ws35\">100,<span class=\"_ _2\"></span>335<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w55 h86 gs10c\"><div class=\"t m0 x179 h87 y1bea ff7a fs3a fc2 sc0 ls23 ws39\">19,838<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w48 h86 gs10d\"><div class=\"t m0 x180 h87 y1bea ff7a fs3a fc2 sc0 ls27 ws3f\">33<span class=\"ls1 ws0\">7<span class=\"ls21 ws35\">,914</span> </span></div></div><div class=\"c w48 h86 gs10e\"><div class=\"t m0 x185 h87 y1bea ff7a fs3a fc2 sc0 ls1 ws0\">4<span class=\"_ _1\"></span><span class=\"ls21 ws35\">,<span class=\"_ _2\"></span>832<span class=\"ls1 ws0\"> </span></span></div></div><div class=\"c w2a h86 gs10f\"><div class=\"t m0 x17a h87 y1bea ff7a fs3a fc2 sc0 ls27 ws3f\">1,<span class=\"ls1 ws0\">0<span class=\"ls66 ws9d\">52</span>,<span class=\"_ _3\"></span><span class=\"ls21 ws35\">6<span class=\"_ _2\"></span>74<span class=\"ls1 ws0\"> </span></span></span></div></div><div class=\"c w52 h8a gs110\"><div class=\"t m0 x0 h88 y1c3f ff78 fs3a fc2 sc0 ls24 ws3a\">Investments in and advances to <span class=\"_ _2\"></span>joint ventures and associates<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w20 h8a gs111\"><div class=\"t m0 x180 h87 y1c3f ff7a fs3a fc2 sc0 ls21 ws35\">250,<span class=\"_ _2\"></span>937<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w20 h8a gs112\"><div class=\"t m0 x180 h87 y1c3f ff7a fs3a fc2 sc0 ls21 ws35\">337,<span class=\"_ _2\"></span>511<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w54 h8a gs113\"><div class=\"t m0 x179 h87 y1c3f ff7a fs3a fc2 sc0 ls23 ws39\">26,639<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w55 h8a gs114\"><div class=\"t m0 xb6 h87 y1c3f ff7c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff7a\"> </span></div></div><div class=\"c w48 h8a gs115\"><div class=\"t m0 x179 h87 y1c3f ff7a fs3a fc2 sc0 ls23 ws39\">12,290<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w48 h8a gs116\"><div class=\"t m0 xb6 h87 y1c3f ff7c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff7a\"> </span></div></div><div class=\"c w2a h8a gs117\"><div class=\"t m0 x180 h87 y1c3f ff7a fs3a fc2 sc0 ls21 ws35\">627,<span class=\"_ _2\"></span>377<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w52 h8b gs118\"><div class=\"t m0 x0 h88 y1e5d ff78 fs3a fc2 sc0 ls29 ws42\">Intangible asset<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> goodwill<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w20 h8b gs119\"><div class=\"t m0 x179 h87 y1e5d ff7a fs3a fc2 sc0 ls23 ws39\">15,552<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w20 h8b gs11a\"><div class=\"t m0 x1a0 h87 y1e5d ff7a fs3a fc2 sc0 ls21 ws35\">906<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w54 h8b gs11b\"><div class=\"t m0 x179 h87 y1e5d ff7a fs3a fc2 sc0 ls23 ws39\">57,892<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w55 h8b gs11c\"><div class=\"t m0 x1a0 h87 y1e5d ff7a fs3a fc2 sc0 ls21 ws35\">465<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w48 h8b gs11d\"><div class=\"t m0 x185 h87 y1e5d ff7a fs3a fc2 sc0 ls21 ws35\">4,89<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w48 h8b gs11e\"><div class=\"t m0 x179 h87 y1e5d ff7a fs3a fc2 sc0 ls21 ws35\">11,<span class=\"ls66 ws9d\">273<span class=\"ls1 ws0\"> </span></span></div></div><div class=\"c w2a h8b gs11f\"><div class=\"t m0 x179 h87 y1e5d ff7a fs3a fc2 sc0 ls23 ws39\">90,984<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w52 h86 gs120\"><div class=\"t m0 x0 h88 y1bef ff78 fs3a fc2 sc0 ls26 ws3d\">Segment ass<span class=\"_ _1\"></span>ets<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w20 h86 gs121\"><div class=\"t m0 x17a h87 y1bef ff7a fs3a fc2 sc0 ls21 ws35\">2,45<span class=\"_ _2\"></span>4,472<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></div><div class=\"c w20 h86 gs122\"><div class=\"t m0 x17a h87 y1bef ff7a fs3a fc2 sc0 ls21 ws35\">1,51<span class=\"_ _2\"></span>3,439<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></div><div class=\"c w54 h86 gs123\"><div class=\"t m0 x180 h87 y1bef ff7a fs3a fc2 sc0 ls27 ws3f\">87<span class=\"ls1 ws0\">4,<span class=\"_ _1\"></span><span class=\"ls21 ws35\">106<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></div><div class=\"c w55 h86 gs124\"><div class=\"t m0 x180 h87 y1bef ff7a fs3a fc2 sc0 ls21 ws35\">207,<span class=\"_ _2\"></span>677<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w48 h86 gs125\"><div class=\"t m0 x180 h87 y1bef ff7a fs3a fc2 sc0 ls21 ws35\">486,<span class=\"_ _2\"></span>303<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w48 h86 gs126\"><div class=\"t m0 x180 h87 y1bef ff7a fs3a fc2 sc0 ls21 ws35\">238,<span class=\"_ _2\"></span>765<span class=\"ls1 ws0\"> </span></div></div><div class=\"c w2a h86 gs127\"><div class=\"t m0 x17a h87 y1bef ff7a fs3a fc2 sc0 ls27 ws3f\">5,<span class=\"ls23 ws39\">774,762<span class=\"ls1 ws0\"> </span></span></div></div><div class=\"t m0 ha2 ff78 fs3f fc2 sc0 ls3c ws61 gs128\">a.<span class=\"ls1 ws0\"> <span class=\"_ _18a\"> </span></span><span class=\"ws62\">In<span class=\"_ _2\"></span>terest is<span class=\"_ _2\"></span> allocate<span class=\"_ _2\"></span>d to the busin<span class=\"_ _2\"></span>ess segmen<span class=\"_ _2\"></span>ts based<span class=\"_ _2\"></span> on the average<span class=\"_ _2\"></span> interes<span class=\"_ _2\"></span>t rate of the Gro<span class=\"_ _2\"></span>up times<span class=\"_ _2\"></span> a percentag<span class=\"_ _2\"></span>e of each seg<span class=\"_ _2\"></span><span class=\"ff79 ls67 ws9e\">men<span class=\"_ _2\"></span>t\u2019<span class=\"_ _2\"></span>s net<span class=\"_ _2\"></span> as<span class=\"_ _2\"></span>set b<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>se. <span class=\"_ _2\"></span></span><span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 ha2 ff78 fs3f fc2 sc0 ls3c ws61 gs129\">b.<span class=\"ls1 ws0\"> <span class=\"_ _18a\"> </span><span class=\"ls3f ws9f\">Capi<span class=\"_ _1\"></span>tal exp<span class=\"_ _1\"></span>endit<span class=\"_ _1\"></span>ure incl<span class=\"_ _1\"></span>ude<span class=\"ls1 ws0\">s <span class=\"_ _3\"></span><span class=\"ls3f ws9f\">additio<span class=\"_ _1\"></span>ns to pro<span class=\"_ _1\"></span>perty,<span class=\"_ _1\"></span> plant<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>and eq<span class=\"_ _1\"></span>uipme<span class=\"_ _1\"></span>nt,<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls3c ws62\">net<span class=\"_ _2\"></span> of grant rece<span class=\"_ _2\"></span>ipts,<span class=\"ls1 ws0\"> <span class=\"ls67 ws9e\">dry<span class=\"_ _2\"></span>doc<span class=\"_ _2\"></span>king<span class=\"_ _2\"></span>, sh<span class=\"_ _2\"></span>ip<span class=\"_ _2\"></span> dep<span class=\"_ _2\"></span>osi<span class=\"_ _2\"></span>ts a<span class=\"_ _2\"></span>nd <span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>tang<span class=\"_ _2\"></span>ible <span class=\"_ _2\"></span>ass<span class=\"_ _2\"></span>et<span class=\"_ _2\"></span>s oth<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span> than<span class=\"_ _2\"></span> g<span class=\"_ _2\"></span>oodw<span class=\"_ _2\"></span>ill<span class=\"_ _2\"></span>.</span> <span class=\"ls3f ws9f\">Ca<span class=\"_ _1\"></span>pital ex<span class=\"_ _1\"></span>pendi<span class=\"_ _1\"></span>ture do<span class=\"_ _1\"></span><span class=\"wsa0\">es<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls3f ws67\">not in<span class=\"_ _1\"></span>clude <span class=\"_ _1\"></span>capit<span class=\"_ _1\"></span>alised<span class=\"_ _1\"></span> right<span class=\"_ _1\"></span><span class=\"ls1 ws0\">-<span class=\"ls68 wsa1\">of</span>-<span class=\"ls67 ws9e\">use a<span class=\"_ _2\"></span>sse<span class=\"_ _2\"></span>ts.<span class=\"_ _2\"></span></span> </span></span></span></span></span></span></span></span></span></span></span></span></div><div class=\"gs12b\"><table class=\"s w146 h111\" id=\"_b4bc7266-54ff-4cc4-b9d7-9362fa3339f6\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x29a y2aec w147 h103\"><div class=\"t m0 x245 h82 y29a6 ff80 fs3b fc2 sc0 ls1 ws0\">Corporate<span class=\"_ _195\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2aed w148 h103\"><div class=\"t m0 x245 h82 y29a6 ff80 fs3b fc2 sc0 ls19 ws2d\">For<span class=\"_ _195\"> </span></div><div class=\"t m0 x29b h82 y29a6 ff80 fs3b fc2 sc0 ls1 ws32\">the year ended<span class=\"ws0\"> <span class=\"ls1e ws2f\">and as of </span></span>November 30, 20<span class=\"ls69 wsa2\">24 (<span class=\"ls2d ws4a\"></span></span><span class=\"ls69 wsa2\"><span class=\"ls2d ws4a\">in</span></span><span class=\"ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x29c y2aee w20 hb6\"><div class=\"t m0 x182 h82 y1e64 ff80 fs3b fc2 sc0 ls1a ws2e\">Tan<span class=\"_ _2\"></span>kers<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2aee w20 hb6\"><div class=\"t m0 x187 h82 y1e64 ff80 fs3b fc2 sc0 ls1d ws31\">Termin<span class=\"_ _2\"></span>als <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2aee w54 hb6\"><div class=\"t m0 x19a h82 y1e64 ff80 fs3b fc2 sc0 ls38 wsa3\">Tank Conta<span class=\"_ _1\"></span>iners<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2aee w55 hb6\"><div class=\"t m0 x19e h82 y1e64 ff80 fs3b fc2 sc0 ls1 ws9b\">Stolt Sea Farm<span class=\"ws0\"> </span></div></td><td class=\"c x2a0 y2aee w48 hb6\"><div class=\"t m0 x19b h82 y1e64 ff80 fs3b fc2 sc0 ls1 ws0\">Stolt-<span class=\"ws32\">Nielsen Gas</span> </div></td><td class=\"c x29a y2aef w149 h103\"><div class=\"t m0 x245 h82 y29a6 ff80 fs3b fc2 sc0 ls1 ws32\">and Other<span class=\"_ _195\"> </span></div></td><td class=\"c x27d y2aee w2a hb6\"><div class=\"t m0 x1a0 h82 y1e64 ff80 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2af0 w52 h86\"><div class=\"t m0 x0 h88 y1bef ff80 fs3a fc2 sc0 ls24 ws3a\">Operating revenue<span class=\"ls1 ws0\"> <span class=\"_ _176\"></span><span class=\"fcc sc1\"> </span></span></div></td><td class=\"c x29c y2af0 w20 h86\"><div class=\"t m0 x17b h88 y1bef ff80 fs3a fc2 sc0 ls20 ws36\">1,802,914<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2af0 w20 h86\"><div class=\"t m0 x187 h88 y1bef ff80 fs3a fc2 sc0 ls20 ws36\">308,048 <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2af0 w54 h86\"><div class=\"t m0 x187 h88 y1bef ff80 fs3a fc2 sc0 ls20 ws36\">652,121 <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2af0 w55 h86\"><div class=\"t m0 x187 h88 y1bef ff80 fs3a fc2 sc0 ls20 ws36\">126,789 <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a0 y2af0 w48 h86\"><div class=\"t m0 x2d h88 y1bef ff81 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff80\"> </span></div></td><td class=\"c x2a1 y2af0 w48 h86\"><div class=\"t m0 x171 h88 y1bef ff80 fs3a fc2 sc0 ls20 ws36\">753<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x27d y2af0 w2a h86\"><div class=\"t m0 x17b h88 y1bef ff80 fs3a fc2 sc0 ls20 ws36\">2,890,625<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2af1 w52 h86\"><div class=\"t m0 x0 h88 y1c4c ff80 fs3a fc2 sc0 ls26 ws3d\">Operating<span class=\"_ _1\"></span> expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29c y2af1 w24 h86\"><div class=\"t m0 x17d h88 y1c4c ff80 fs3a fc2 sc0 ls20 ws36\">(1,202,41<span class=\"_ _2\"></span>1)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2af1 w2b h86\"><div class=\"t m0 x17f h88 y1c4c ff80 fs3a fc2 sc0 ls20 ws36\">(110,207)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2af1 w4b h86\"><div class=\"t m0 x17f h88 y1c4c ff80 fs3a fc2 sc0 ls20 ws36\">(460,886)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2af1 w56 h86\"><div class=\"t m0 x187 h88 y1c4c ff80 fs3a fc2 sc0 ls20 ws36\">(76,401)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a0 y2af1 w48 h86\"><div class=\"t m0 x2d h88 y1c4c ff81 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff80\"> </span></div></td><td class=\"c x2a1 y2af1 w25 h86\"><div class=\"t m0 x186 h88 y1c4c ff80 fs3a fc2 sc0 ls20 ws36\">(1,105)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x27d y2af1 w2c h86\"><div class=\"t m0 x17d h88 y1c4c ff80 fs3a fc2 sc0 ls20 ws36\">(1,851,01<span class=\"_ _2\"></span>0)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2af2 w52 h8a\"><div class=\"t m0 x0 h88 y1c3f ff80 fs3a fc2 sc0 ls22 ws37\">Depreciati<span class=\"_ _1\"></span>on and amortis<span class=\"_ _1\"></span>ation<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29c y2af2 w24 h8a\"><div class=\"t m0 x17f h88 y1c3f ff80 fs3a fc2 sc0 ls20 ws36\">(162,965)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2af2 w2b h8a\"><div class=\"t m0 x187 h88 y1c3f ff80 fs3a fc2 sc0 ls20 ws36\">(64,456<span class=\"ls1 ws0\">) </span></div></td><td class=\"c x29e y2af2 w4b h8a\"><div class=\"t m0 x187 h88 y1c3f ff80 fs3a fc2 sc0 ls20 ws36\">(57,292<span class=\"ls1 ws0\">) </span></div></td><td class=\"c x29f y2af2 w56 h8a\"><div class=\"t m0 x186 h88 y1c3f ff80 fs3a fc2 sc0 ls20 ws36\">(8,593<span class=\"ls1 ws0\">) </span></div></td><td class=\"c x2a0 y2af2 w48 h8a\"><div class=\"t m0 x2d h88 y1c3f ff81 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff80\"> </span></div></td><td class=\"c x2a1 y2af2 w25 h8a\"><div class=\"t m0 x186 h88 y1c3f ff80 fs3a fc2 sc0 ls2a ws45\">(5,<span class=\"ls20 ws36\">451</span><span class=\"ls20 ws36\">)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x27d y2af2 w2c h8a\"><div class=\"t m0 x17f h88 y1c3f ff80 fs3a fc2 sc0 ls20 ws36\">(298,757)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2af3 w52 h86\"><div class=\"t m0 x0 h88 y1c4c ff80 fs3a fc2 sc0 ls22 ws37\">Share of p<span class=\"_ _1\"></span>rofit (loss) of joint ventures<span class=\"_ _1\"></span> and associates<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29c y2af3 w20 h86\"><div class=\"t m0 x183 h88 y1c4c ff80 fs3a fc2 sc0 ls20 ws36\">50,565<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2af3 w20 h86\"><div class=\"t m0 x186 h88 y1c4c ff80 fs3a fc2 sc0 ls20 ws36\">29,136 <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2af3 w54 h86\"><div class=\"t m0 x184 h88 y1c4c ff80 fs3a fc2 sc0 ls20 ws36\">2,041 <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2af3 w55 h86\"><div class=\"t m0 x2d h88 y1c4c ff81 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff80\"> </span></div></td><td class=\"c x2a0 y2af3 w25 h86\"><div class=\"t m0 x187 h88 y1c4c ff80 fs3a fc2 sc0 ls2a ws45\">(1<span class=\"ls1 ws0\">8<span class=\"ls20 ws36\">,984</span></span><span class=\"ls1 ws0\">) </span></div></td><td class=\"c x2a1 y2af3 w48 h86\"><div class=\"t m0 x2d h88 y1c4c ff81 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff80\"> </span></div></td><td class=\"c x27d y2af3 w2a h86\"><div class=\"t m0 x186 h88 y1c4c ff80 fs3a fc2 sc0 ls1 ws0\">6<span class=\"_ _1\"></span>2<span class=\"ls20 ws36\">,758</span><span class=\"ls20 ws36\"> </span> </div></td></tr><tr><td class=\"c x24b y2af4 w52 h86\"><div class=\"t m0 x0 h88 y1bfa ff80 fs3a fc2 sc0 ls24 ws3a\">Administrative and general expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29c y2af4 w24 h86\"><div class=\"t m0 x17f h88 y1bfa ff80 fs3a fc2 sc0 ls20 ws36\">(104,807)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2af4 w2b h86\"><div class=\"t m0 x187 h88 y1bfa ff80 fs3a fc2 sc0 ls20 ws36\">(52,721)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2af4 w4b h86\"><div class=\"t m0 x187 h88 y1bfa ff80 fs3a fc2 sc0 ls20 ws36\">(79,704)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2af4 w56 h86\"><div class=\"t m0 x187 h88 y1bfa ff80 fs3a fc2 sc0 ls20 ws36\">(12,358)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a0 y2af4 w25 h86\"><div class=\"t m0 x188 h88 y1bfa ff80 fs3a fc2 sc0 ls20 ws36\">(721)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2af4 w25 h86\"><div class=\"t m0 x187 h88 y1bfa ff80 fs3a fc2 sc0 ls20 ws36\">(23,776)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x27d y2af4 w2c h86\"><div class=\"t m0 x17f h88 y1bfa ff80 fs3a fc2 sc0 ls20 ws36\">(274,087)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2af5 w52 h8a\"><div class=\"t m0 x0 h88 y1c4d ff80 fs3a fc2 sc0 ls22 ws37\">Operati<span class=\"_ _1\"></span>ng profit (loss)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29c y2af5 w20 h8a\"><div class=\"t m0 x181 h88 y1c4d ff80 fs3a fc2 sc0 ls20 ws36\">390,082<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2af5 w20 h8a\"><div class=\"t m0 x187 h88 y1c4d ff80 fs3a fc2 sc0 ls20 ws36\">110,354 <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2af5 w54 h8a\"><div class=\"t m0 x186 h88 y1c4d ff80 fs3a fc2 sc0 ls20 ws36\">58,988 <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2af5 w55 h8a\"><div class=\"t m0 x186 h88 y1c4d ff80 fs3a fc2 sc0 ls20 ws36\">29,179 <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a0 y2af5 w25 h8a\"><div class=\"t m0 x187 h88 y1c4d ff80 fs3a fc2 sc0 ls1 ws0\">(<span class=\"_ _1\"></span><span class=\"ls20 ws36\">20,<span class=\"_ _2\"></span>492<span class=\"ls1 ws0\">) </span></span></div></td><td class=\"c x2a1 y2af5 w25 h8a\"><div class=\"t m0 x187 h88 y1c4d ff80 fs3a fc2 sc0 ls1 ws0\">(<span class=\"_ _1\"></span><span class=\"ls20 ws36\">29,<span class=\"_ _2\"></span>581)<span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x27d y2af5 w2a h8a\"><div class=\"t m0 x187 h88 y1c4d ff80 fs3a fc2 sc0 ls20 ws36\">538,530<span class=\"ls1 ws0\">  </span></div></td></tr><tr><td class=\"c x24b y2af6 w52 h86\"><div class=\"t m0 x0 h88 y1bfa ff80 fs3a fc2 sc0 ls26 ws3d\">Finance expense (<span class=\"_ _1\"></span>a)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29c y2af6 w24 h86\"><div class=\"t m0 x187 h88 y1bfa ff80 fs3a fc2 sc0 ls20 ws36\">(68,197)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2af6 w2b h86\"><div class=\"t m0 x187 h88 y1bfa ff80 fs3a fc2 sc0 ls20 ws36\">(46,301<span class=\"ls1 ws0\">) </span></div></td><td class=\"c x29e y2af6 w4b h86\"><div class=\"t m0 x187 h88 y1bfa ff80 fs3a fc2 sc0 ls20 ws36\">(18,871<span class=\"ls1 ws0\">) </span></div></td><td class=\"c x29f y2af6 w56 h86\"><div class=\"t m0 x186 h88 y1bfa ff80 fs3a fc2 sc0 ls20 ws36\">(4,642<span class=\"ls1 ws0\">) </span></div></td><td class=\"c x2a0 y2af6 w25 h86\"><div class=\"t m0 x186 h88 y1bfa ff80 fs3a fc2 sc0 ls20 ws36\">(6,506<span class=\"ls1 ws0\">) </span></div></td><td class=\"c x2a1 y2af6 w48 h86\"><div class=\"t m0 x186 h88 y1bfa ff80 fs3a fc2 sc0 ls20 ws36\">18,339<span class=\"ls1 ws0\">  </span></div></td><td class=\"c x27d y2af6 w2c h86\"><div class=\"t m0 x17f h88 y1bfa ff80 fs3a fc2 sc0 ls2a ws45\">(12<span class=\"ls1 ws0\">6,<span class=\"_ _1\"></span><span class=\"ls20 ws36\">178</span></span><span class=\"ls1 ws0\"><span class=\"ls20 ws36\">)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td></tr><tr><td class=\"c x24b y2af7 w52 h8b\"><div class=\"t m0 x0 h88 y1c50 ff80 fs3a fc2 sc0 ls24 ws3a\">Finance income<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29c y2af7 w20 h8b\"><div class=\"t m0 x1 h88 y1c50 ff80 fs3a fc2 sc0 ls20 ws36\">76<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2af7 w20 h8b\"><div class=\"t m0 x184 h88 y1c50 ff80 fs3a fc2 sc0 ls20 ws36\">1,335 <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2af7 w54 h8b\"><div class=\"t m0 x171 h88 y1c50 ff80 fs3a fc2 sc0 ls20 ws36\">494 <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2af7 w55 h8b\"><div class=\"t m0 x1 h88 y1c50 ff80 fs3a fc2 sc0 ls20 ws36\">64 <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a0 y2af7 w48 h8b\"><div class=\"t m0 xb6 h88 y1c50 ff80 fs3a fc2 sc0 ls20 ws36\">1 <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2af7 w48 h8b\"><div class=\"t m0 x186 h88 y1c50 ff80 fs3a fc2 sc0 ls20 ws36\">14,288 <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x27d y2af7 w2a h8b\"><div class=\"t m0 x186 h88 y1c50 ff80 fs3a fc2 sc0 ls20 ws36\">16,258 <span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2af8 w52 h8c\"><div class=\"t m0 x0 h88 y1c03 ff80 fs3a fc2 sc0 ls22 ws37\">Profit (los<span class=\"_ _1\"></span>s) before income tax <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29c y2af8 w20 h8c\"><div class=\"t m0 x181 h88 y1c03 ff80 fs3a fc2 sc0 ls20 ws36\">322,301<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2af8 w20 h8c\"><div class=\"t m0 x186 h88 y1c03 ff80 fs3a fc2 sc0 ls20 ws36\">64,786 <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2af8 w54 h8c\"><div class=\"t m0 x186 h88 y1c03 ff80 fs3a fc2 sc0 ls20 ws36\">39,615 <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2af8 w55 h8c\"><div class=\"t m0 x186 h88 y1c03 ff80 fs3a fc2 sc0 ls20 ws36\">24,639 <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a0 y2af8 w25 h8c\"><div class=\"t m0 x187 h88 y1c03 ff80 fs3a fc2 sc0 ls1 ws0\">(<span class=\"_ _1\"></span><span class=\"ls20 ws36\">24,<span class=\"_ _2\"></span>290)<span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2a1 y2af8 w48 h8c\"><div class=\"t m0 x186 h88 y1c03 ff80 fs3a fc2 sc0 ls20 ws36\">14,064 <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x27d y2af8 w2a h8c\"><div class=\"t m0 x187 h88 y1c03 ff80 fs3a fc2 sc0 ls20 ws36\">44<span class=\"ls1 ws0\">1</span>,115 <span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2af9 w52 h86\"><div class=\"t m0 x0 h88 y1c05 ff80 fs3a fc2 sc0 ls26 ws3d\">Income tax (exp<span class=\"_ _1\"></span>ense) benefit<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29c y2af9 w24 h86\"><div class=\"t m0 x186 h88 y1c05 ff80 fs3a fc2 sc0 ls20 ws36\">(1,630)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2af9 w2b h86\"><div class=\"t m0 x187 h88 y1c05 ff80 fs3a fc2 sc0 ls2a ws45\">(1<span class=\"ls1 ws0\">7,<span class=\"_ _1\"></span><span class=\"ls20 ws36\">114</span></span><span class=\"ls1 ws0\"><span class=\"ls20 ws36\">)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x29e y2af9 w4b h86\"><div class=\"t m0 x187 h88 y1c05 ff80 fs3a fc2 sc0 ls1 ws0\">(<span class=\"_ _1\"></span><span class=\"ls20 ws36\">29<span class=\"ls1 ws0\">,</span>644)<span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x29f y2af9 w56 h86\"><div class=\"t m0 x186 h88 y1c05 ff80 fs3a fc2 sc0 ls20 ws36\">(2,392<span class=\"ls1 ws0\">) </span></div></td><td class=\"c x2a0 y2af9 w48 h86\"><div class=\"t m0 x2d h88 y1c05 ff81 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff80\"> </span></div></td><td class=\"c x2a1 y2af9 w48 h86\"><div class=\"t m0 x184 h88 y1c05 ff80 fs3a fc2 sc0 ls20 ws36\">4,424<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x27d y2af9 w2c h86\"><div class=\"t m0 x187 h88 y1c05 ff80 fs3a fc2 sc0 ls2a ws45\">(4<span class=\"ls1 ws0\">6,<span class=\"_ _1\"></span>3<span class=\"ls20 ws36\">56</span></span><span class=\"ls1 ws0\">) </span></div></td></tr><tr><td class=\"c x24b y2afa w52 h89\"><div class=\"t m0 x0 h88 y1bde ff80 fs3a fc2 sc0 ls22 ws37\">Net profit (<span class=\"_ _1\"></span>loss)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29c y2afa w20 h89\"><div class=\"t m0 x181 h88 y1bde ff80 fs3a fc2 sc0 ls20 ws36\">320,671<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2afa w20 h89\"><div class=\"t m0 x186 h88 y1bde ff80 fs3a fc2 sc0 ls20 ws36\">47,672<span class=\"ls1 ws0\">  </span></div></td><td class=\"c x29e y2afa w54 h89\"><div class=\"t m0 x184 h88 y1bde ff80 fs3a fc2 sc0 ls20 ws36\">9,971<span class=\"ls1 ws0\">  </span></div></td><td class=\"c x29f y2afa w55 h89\"><div class=\"t m0 x186 h88 y1bde ff80 fs3a fc2 sc0 ls20 ws36\">22,247 <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a0 y2afa w25 h89\"><div class=\"t m0 x187 h88 y1bde ff80 fs3a fc2 sc0 ls1 ws0\">(<span class=\"_ _1\"></span><span class=\"ls20 ws36\">24,<span class=\"_ _2\"></span>290)<span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2a1 y2afa w48 h89\"><div class=\"t m0 x183 h88 y1bde ff80 fs3a fc2 sc0 ls20 ws36\">18,488<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x27d y2afa w2a h89\"><div class=\"t m0 x187 h88 y1bde ff80 fs3a fc2 sc0 ls20 ws36\">394,759<span class=\"ls1 ws0\">  </span></div></td></tr><tr><td class=\"c x24b y2afb w52 h8c\"><div class=\"t m0 x0 h87 y1be0 ff7f fs3a fc2 sc0 ls1f ws33\">Balan<span class=\"_ _2\"></span>ce Sheet<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2afc w52 h86\"><div class=\"t m0 x0 h88 y1bda ff80 fs3a fc2 sc0 ls20 ws34\">Capital e<span class=\"_ _2\"></span>xpendit<span class=\"_ _2\"></span>ure (<span class=\"_ _2\"></span>b)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29c y2afc w20 h86\"><div class=\"t m0 x181 h88 y1bda ff80 fs3a fc2 sc0 ls20 ws36\">122,296<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2afc w20 h86\"><div class=\"t m0 x183 h88 y1bda ff80 fs3a fc2 sc0 ls20 ws36\">88,693<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2afc w54 h86\"><div class=\"t m0 x183 h88 y1bda ff80 fs3a fc2 sc0 ls20 ws36\">46,271<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2afc w55 h86\"><div class=\"t m0 x183 h88 y1bda ff80 fs3a fc2 sc0 ls20 ws36\">14,542<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a0 y2afc w48 h86\"><div class=\"t m0 x2d h88 y1bda ff81 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff80\"> </span></div></td><td class=\"c x2a1 y2afc w48 h86\"><div class=\"t m0 x183 h88 y1bda ff80 fs3a fc2 sc0 ls20 ws36\">10,317<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x27d y2afc w2a h86\"><div class=\"t m0 x181 h88 y1bda ff80 fs3a fc2 sc0 ls20 ws36\">282,119<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2afd w52 h86\"><div class=\"t m0 x0 h88 y1be4 ff80 fs3a fc2 sc0 ls24 ws3a\">Investments in and advances to <span class=\"_ _2\"></span>joint ventures and associates<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29c y2afd w20 h86\"><div class=\"t m0 x181 h88 y1be4 ff80 fs3a fc2 sc0 ls20 ws36\">294,715<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2afd w20 h86\"><div class=\"t m0 x181 h88 y1be4 ff80 fs3a fc2 sc0 ls20 ws36\">315,004<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2afd w54 h86\"><div class=\"t m0 x183 h88 y1be4 ff80 fs3a fc2 sc0 ls20 ws36\">27,250<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2afd w55 h86\"><div class=\"t m0 x2d h88 y1be4 ff81 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff80\"> </span></div></td><td class=\"c x2a0 y2afd w48 h86\"><div class=\"t m0 x183 h88 y1be4 ff80 fs3a fc2 sc0 ls20 ws36\">82,594<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2afd w48 h86\"><div class=\"t m0 x2d h88 y1be4 ff81 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff80\"> </span></div></td><td class=\"c x27d y2afd w2a h86\"><div class=\"t m0 x181 h88 y1be4 ff80 fs3a fc2 sc0 ls20 ws36\">719,563<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2afe w52 h8a\"><div class=\"t m0 x0 h88 y1be6 ff80 fs3a fc2 sc0 ls29 ws42\">Intangible asset<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> goodwill<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29c y2afe w20 h8a\"><div class=\"t m0 x183 h88 y1be6 ff80 fs3a fc2 sc0 ls20 ws36\">13,578<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2afe w20 h8a\"><div class=\"t m0 x184 h88 y1be6 ff80 fs3a fc2 sc0 ls20 ws36\">1,206<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2afe w54 h8a\"><div class=\"t m0 x183 h88 y1be6 ff80 fs3a fc2 sc0 ls20 ws36\">19,399<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2afe w55 h8a\"><div class=\"t m0 x171 h88 y1be6 ff80 fs3a fc2 sc0 ls20 ws36\">337<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a0 y2afe w48 h8a\"><div class=\"t m0 x2d h88 y1be6 ff81 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff80\"> </span></div></td><td class=\"c x2a1 y2afe w48 h8a\"><div class=\"t m0 x184 h88 y1be6 ff80 fs3a fc2 sc0 ls20 ws36\">7,935<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x27d y2afe w2a h8a\"><div class=\"t m0 x183 h88 y1be6 ff80 fs3a fc2 sc0 ls20 ws36\">42,455<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2aff w52 h86\"><div class=\"t m0 x0 h88 y1be4 ff80 fs3a fc2 sc0 ls26 ws3d\">Segment ass<span class=\"_ _1\"></span>ets<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29c y2aff w20 h86\"><div class=\"t m0 x17b h88 y1be4 ff80 fs3a fc2 sc0 ls20 ws36\">2,234,290<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2aff w20 h86\"><div class=\"t m0 x17b h88 y1be4 ff80 fs3a fc2 sc0 ls20 ws36\">1,412,516<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2aff w54 h86\"><div class=\"t m0 x181 h88 y1be4 ff80 fs3a fc2 sc0 ls20 ws36\">674,689<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2aff w55 h86\"><div class=\"t m0 x181 h88 y1be4 ff80 fs3a fc2 sc0 ls20 ws36\">159,499<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a0 y2aff w48 h86\"><div class=\"t m0 x181 h88 y1be4 ff80 fs3a fc2 sc0 ls20 ws36\">187,855<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2aff w48 h86\"><div class=\"t m0 x181 h88 y1be4 ff80 fs3a fc2 sc0 ls20 ws36\">433,753<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x27d y2aff w2a h86\"><div class=\"t m0 x17b h88 y1be4 ff80 fs3a fc2 sc0 ls20 ws36\">5,102,602<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 ha2 ff80 fs3f fc2 sc0 ls3c ws61 gs12c\">a.<span class=\"ls1 ws0\"> <span class=\"_ _18a\"> </span></span><span class=\"ws62\">In<span class=\"_ _2\"></span>terest is<span class=\"_ _2\"></span> allocate<span class=\"_ _2\"></span>d to the busin<span class=\"_ _2\"></span>ess segmen<span class=\"_ _2\"></span>ts based<span class=\"_ _2\"></span> on the average<span class=\"_ _2\"></span> interes<span class=\"_ _2\"></span>t rate of the Gro<span class=\"_ _2\"></span>up times<span class=\"_ _2\"></span> a percentag<span class=\"_ _2\"></span>e of each seg<span class=\"_ _2\"></span><span class=\"ff81 ls67 ws9e\">men<span class=\"_ _2\"></span>t\u2019<span class=\"_ _2\"></span>s net<span class=\"_ _2\"></span> as<span class=\"_ _2\"></span>set b<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>se. <span class=\"_ _2\"></span></span><span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 ha2 ff80 fs3f fc2 sc0 ls3c ws61 gs12d\">b.<span class=\"ls1 ws0\"> <span class=\"_ _18a\"> </span><span class=\"ls3f ws9f\">Capi<span class=\"_ _1\"></span>tal exp<span class=\"_ _1\"></span>endit<span class=\"_ _1\"></span>ure incl<span class=\"_ _1\"></span>ude<span class=\"ls1 ws0\">s <span class=\"_ _3\"></span><span class=\"ls3f ws9f\">additio<span class=\"_ _1\"></span>ns to pro<span class=\"_ _1\"></span>perty,<span class=\"_ _1\"></span> plant<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>and eq<span class=\"_ _1\"></span>uipme<span class=\"_ _1\"></span>nt,<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls3c ws62\">net<span class=\"_ _2\"></span> of grant rece<span class=\"_ _2\"></span>ipts,<span class=\"ls1 ws0\"> <span class=\"ls67 ws9e\">dry<span class=\"_ _2\"></span>doc<span class=\"_ _2\"></span>king<span class=\"_ _2\"></span>, sh<span class=\"_ _2\"></span>ip<span class=\"_ _2\"></span> dep<span class=\"_ _2\"></span>osi<span class=\"_ _2\"></span>ts a<span class=\"_ _2\"></span>nd <span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>tang<span class=\"_ _2\"></span>ible <span class=\"_ _2\"></span>ass<span class=\"_ _2\"></span>et<span class=\"_ _2\"></span>s oth<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span> than<span class=\"_ _2\"></span> g<span class=\"_ _2\"></span>oodw<span class=\"_ _2\"></span>ill<span class=\"_ _2\"></span>.</span> <span class=\"ls3f ws9f\">Ca<span class=\"_ _1\"></span>pital ex<span class=\"_ _1\"></span>pendi<span class=\"_ _1\"></span>ture do<span class=\"_ _1\"></span><span class=\"wsa0\">es<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls3f ws67\">not in<span class=\"_ _1\"></span>clude <span class=\"_ _1\"></span>capit<span class=\"_ _1\"></span>alised<span class=\"_ _1\"></span> right<span class=\"_ _1\"></span><span class=\"ls1 ws0\">-<span class=\"ls68 wsa1\">of</span>-<span class=\"ls67 ws9e\">use a<span class=\"_ _2\"></span>sse<span class=\"_ _2\"></span>ts.<span class=\"_ _2\"></span></span> </span></span></span></span></span></span></span></span></span></span></span></span></div><div class=\"t m0 h98 ff85 fs39 fc2 sc0 ls30 ws50 gs12f\">The f<span class=\"_ _2\"></span>ollowi<span class=\"_ _2\"></span>ng tab<span class=\"_ _2\"></span>le s<span class=\"_ _2\"></span>ets<span class=\"_ _2\"></span> out<span class=\"_ _2\"></span> oper<span class=\"_ _2\"></span>ating<span class=\"_ _2\"></span> reve<span class=\"_ _2\"></span>nue b<span class=\"_ _2\"></span>y c<span class=\"_ _2\"></span>ountry<span class=\"_ _2\"></span> o<span class=\"_ _2\"></span>r reg<span class=\"_ _2\"></span>ion <span class=\"ls2f ws75\">f<span class=\"_ _2\"></span>or the reportable segments.<span class=\"_ _2\"></span> </span></div><div class=\"t m0 h98 ff85 fs39 fc2 sc0 ls30 ws50 gs130\">Opera<span class=\"_ _2\"></span>ting re<span class=\"_ _2\"></span>ven<span class=\"_ _2\"></span>ue fo<span class=\"_ _2\"></span>r <span class=\"ws52\">T<span class=\"_ _2\"></span>ankers<span class=\"_ _2\"></span>,<span class=\"ls1 ws0\"> </span></span>Termin<span class=\"_ _2\"></span>als a<span class=\"_ _2\"></span>nd T<span class=\"_ _2\"></span>ank Co<span class=\"_ _2\"></span>ntai<span class=\"_ _2\"></span>ner<span class=\"_ _2\"></span>s is<span class=\"ls1 ws0\"> </span>alloc<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>the bas<span class=\"_ _2\"></span>is<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he </div><div class=\"t m0 h98 ff85 fs39 fc2 sc0 ls30 ws50 gs131\">country<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n whic<span class=\"_ _2\"></span>h the<span class=\"_ _2\"></span> carg<span class=\"_ _2\"></span>o i<span class=\"_ _2\"></span>s loa<span class=\"_ _2\"></span>ded. <span class=\"_ _2\"></span>SSF<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">operat<span class=\"_ _2\"></span>ing revenue <span class=\"_ _2\"></span>is<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">allocated<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>the b<span class=\"_ _2\"></span>asis<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span>ry</span> </span></span></span></div><div class=\"t m0 h98 ff85 fs39 fc2 sc0 ls30 ws4f gs132\">or regi<span class=\"_ _2\"></span>on<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">in which the s<span class=\"_ _2\"></span>ale is gen<span class=\"_ _2\"></span>erated.</span> </span></div><div class=\"gs133\"><table class=\"s w10e h112\" id=\"_703cc64d-9300-4443-a2f6-c23b286c2902\"><tr><td></td><td class=\"c x2a2 y2b00 w58 hb7\"><div class=\"t m0 x191 h82 y1e7e ff85 fs3b fc2 sc0 ls19 ws2d\">For<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">the</span> years en<span class=\"_ _2\"></span>ded November <span class=\"ls1b ws2f\">30</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2b01 w14a h102\"><div class=\"t m0 x245 h82 y29a6 ff85 fs3b fc2 sc0 ls1 ws0\">(</div><div class=\"t m0 x2a3 h82 y29a7 ff85 fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x2a2 y2b02 w20 h83\"><div class=\"t m0 x177 h85 y1e4c ff84 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b02 w20 h83\"><div class=\"t m0 x177 h82 y1e4c ff85 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b03 w57 h86\"><div class=\"t m0 x0 h87 y1bf8 ff84 fs3a fc2 sc0 ls1f ws43\">Operating<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Revenue:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x24b y2b04 w57 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff85 fs3a fc2 sc0 ls24 ws3b\">Tankers:<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x24b y2b05 w57 h8b\"><div class=\"t m0 x19a h88 y1c05 ff85 fs3a fc2 sc0 ls29 ws44\">US<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b05 w20 h8b\"><div class=\"t m0 x180 h87 y1c05 ff84 fs3a fc2 sc0 ls21 ws35\">534,<span class=\"_ _2\"></span>370<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b05 w20 h8b\"><div class=\"t m0 x181 h88 y1c05 ff85 fs3a fc2 sc0 ls20 ws36\">535,357<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b06 w57 h86\"><div class=\"t m0 x19a h88 y1bde ff85 fs3a fc2 sc0 ls24 ws3a\">South America<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b06 w20 h86\"><div class=\"t m0 x179 h87 y1bde ff84 fs3a fc2 sc0 ls23 ws39\">56,960<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b06 w20 h86\"><div class=\"t m0 x183 h88 y1bde ff85 fs3a fc2 sc0 ls20 ws36\">88,284<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b07 w57 h8a\"><div class=\"t m0 x19a h88 y1be0 ff85 fs3a fc2 sc0 ls24 ws3a\">The Netherlands<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b07 w20 h8a\"><div class=\"t m0 x179 h87 y1be0 ff84 fs3a fc2 sc0 ls23 ws39\">95,217<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b07 w20 h8a\"><div class=\"t m0 x181 h88 y1be0 ff85 fs3a fc2 sc0 ls20 ws36\">102,831<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b08 w57 h86\"><div class=\"t m0 x19a h88 y1bde ff85 fs3a fc2 sc0 ls29 ws44\">Belgium<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b08 w20 h86\"><div class=\"t m0 x179 h87 y1bde ff84 fs3a fc2 sc0 ls23 ws39\">71,458<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b08 w20 h86\"><div class=\"t m0 x183 h88 y1bde ff85 fs3a fc2 sc0 ls20 ws36\">80,492<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b09 w57 h86\"><div class=\"t m0 x19a h88 y1be4 ff85 fs3a fc2 sc0 ls22 ws37\">Other Europ<span class=\"_ _1\"></span>e<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b09 w20 h86\"><div class=\"t m0 x179 h87 y1be4 ff84 fs3a fc2 sc0 ls23 ws39\">81,576<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b09 w20 h86\"><div class=\"t m0 x183 h88 y1be4 ff85 fs3a fc2 sc0 ls20 ws36\">73,439<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b0a w57 h8a\"><div class=\"t m0 x19a h88 y1be6 ff85 fs3a fc2 sc0 ls22 ws37\">South Korea<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b0a w20 h8a\"><div class=\"t m0 x179 h87 y1be6 ff84 fs3a fc2 sc0 ls23 ws39\">96,968<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b0a w20 h8a\"><div class=\"t m0 x183 h88 y1be6 ff85 fs3a fc2 sc0 ls20 ws36\">99,896<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b0b w57 h86\"><div class=\"t m0 x19a h88 y1be4 ff85 fs3a fc2 sc0 ls2e ws5c\">Malaysia<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b0b w20 h86\"><div class=\"t m0 x179 h87 y1be4 ff84 fs3a fc2 sc0 ls23 ws39\">92,864<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b0b w20 h86\"><div class=\"t m0 x181 h88 y1be4 ff85 fs3a fc2 sc0 ls20 ws36\">106,240<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b0c w57 h86\"><div class=\"t m0 x19a h88 y1be2 ff85 fs3a fc2 sc0 ls24 ws3b\">Indonesia<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b0c w20 h86\"><div class=\"t m0 x180 h87 y1be2 ff84 fs3a fc2 sc0 ls21 ws35\">105<span class=\"ls1 ws0\">,</span>976<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b0c w20 h86\"><div class=\"t m0 x181 h88 y1be2 ff85 fs3a fc2 sc0 ls20 ws36\">121,541<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b0d w57 h8a\"><div class=\"t m0 x19a h88 y1c18 ff85 fs3a fc2 sc0 ls24 ws3b\">China<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b0d w20 h8a\"><div class=\"t m0 x179 h87 y1c18 ff84 fs3a fc2 sc0 ls23 ws39\">97,528<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b0d w20 h8a\"><div class=\"t m0 x181 h88 y1c18 ff85 fs3a fc2 sc0 ls20 ws36\">112,047<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b0e w57 h86\"><div class=\"t m0 x19a h88 y1bea ff85 fs3a fc2 sc0 ls24 ws3a\">Other Asia<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b0e w20 h86\"><div class=\"t m0 x180 h87 y1bea ff84 fs3a fc2 sc0 ls21 ws35\">100,<span class=\"_ _2\"></span>390<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b0e w20 h86\"><div class=\"t m0 x181 h88 y1bea ff85 fs3a fc2 sc0 ls20 ws36\">112,909<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b0f w57 h86\"><div class=\"t m0 x19a h88 y1be8 ff85 fs3a fc2 sc0 ls29 ws42\">Saudi Arabia<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b0f w20 h86\"><div class=\"t m0 x179 h87 y1be8 ff84 fs3a fc2 sc0 ls23 ws39\">93,770<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b0f w20 h86\"><div class=\"t m0 x181 h88 y1be8 ff85 fs3a fc2 sc0 ls20 ws36\">133,766<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b10 w57 ha4\"><div class=\"t m0 x19a h88 y1e8f ff85 fs3a fc2 sc0 ls2e ws5c\">Qatar<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b10 w20 ha4\"><div class=\"t m0 x179 h87 y1e8f ff84 fs3a fc2 sc0 ls23 ws39\">51,879<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b10 w20 ha4\"><div class=\"t m0 x183 h88 y1e8f ff85 fs3a fc2 sc0 ls20 ws36\">53,743<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b11 w57 h86\"><div class=\"t m0 x19a h88 y1be8 ff85 fs3a fc2 sc0 ls2a ws45\">Othe<span class=\"_ _2\"></span>r <span class=\"ls29 ws42\">Middle East</span><span class=\"ls29 ws42\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2a2 y2b11 w20 h86\"><div class=\"t m0 x179 h87 y1be8 ff84 fs3a fc2 sc0 ls23 ws39\">45,608<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b11 w20 h86\"><div class=\"t m0 x183 h88 y1be8 ff85 fs3a fc2 sc0 ls20 ws36\">85,547<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b12 w57 h86\"><div class=\"t m0 x19a h88 y1c4c ff85 fs3a fc2 sc0 ls20 ws36\">Africa<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b12 w20 h86\"><div class=\"t m0 x179 h87 y1c4c ff84 fs3a fc2 sc0 ls23 ws39\">44,792<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b12 w20 h86\"><div class=\"t m0 x183 h88 y1c4c ff85 fs3a fc2 sc0 ls20 ws36\">58,363<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b13 w57 h8a\"><div class=\"t m0 x19a h88 y1c3f ff85 fs3a fc2 sc0 ls2a ws45\">Othe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b13 w20 h8a\"><div class=\"t m0 x179 h87 y1c3f ff84 fs3a fc2 sc0 ls23 ws39\">29,643<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b13 w20 h8a\"><div class=\"t m0 x183 h88 y1c3f ff85 fs3a fc2 sc0 ls20 ws36\">38,459<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2a2 y2b14 w20 h86\"><div class=\"t m0 x17a h87 y1bf4 ff84 fs3a fc2 sc0 ls21 ws35\">1,59<span class=\"_ _2\"></span>8,999<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b14 w20 h86\"><div class=\"t m0 x17b h88 y1bf4 ff85 fs3a fc2 sc0 ls20 ws36\">1,802,914<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b15 w57 h86\"><div class=\"t m0 x0 h88 y1bfa ff85 fs3a fc2 sc0 ls29 ws44\">Terminals:<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x24b y2b16 w57 h89\"><div class=\"t m0 x19a h88 y1c50 ff85 fs3a fc2 sc0 ls29 ws44\">US<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b16 w20 h89\"><div class=\"t m0 x180 h87 y1c50 ff84 fs3a fc2 sc0 ls21 ws35\">183,<span class=\"_ _2\"></span>258<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b16 w20 h89\"><div class=\"t m0 x181 h88 y1c50 ff85 fs3a fc2 sc0 ls20 ws36\">177,589<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b17 w57 h8c\"><div class=\"t m0 x19a h88 y1bf6 ff85 fs3a fc2 sc0 ls22 ws3e\">Singap<span class=\"_ _1\"></span>ore<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b17 w20 h8c\"><div class=\"t m0 x179 h87 y1bf6 ff84 fs3a fc2 sc0 ls23 ws39\">39,515<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b17 w20 h8c\"><div class=\"t m0 x183 h88 y1bf6 ff85 fs3a fc2 sc0 ls20 ws36\">44,015<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b18 w57 h86\"><div class=\"t m0 x19a h88 y1bf8 ff85 fs3a fc2 sc0 ls2e ws4c\">Australia and N<span class=\"_ _2\"></span>ew Zealand<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b18 w20 h86\"><div class=\"t m0 x179 h87 y1bf8 ff84 fs3a fc2 sc0 ls23 ws39\">22,999<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b18 w20 h86\"><div class=\"t m0 x183 h88 y1bf8 ff85 fs3a fc2 sc0 ls20 ws36\">22,519<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b19 w57 h86\"><div class=\"t m0 x19a h88 y1bda ff85 fs3a fc2 sc0 ls22 ws3e\">Brazil<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b19 w20 h86\"><div class=\"t m0 x179 h87 y1bda ff84 fs3a fc2 sc0 ls23 ws39\">25,588<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b19 w20 h86\"><div class=\"t m0 x183 h88 y1bda ff85 fs3a fc2 sc0 ls20 ws36\">25,246<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b1a w57 h8a\"><div class=\"t m0 x19a h88 y1be0 ff85 fs3a fc2 sc0 ls29 ws42\">United Kingdom<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b1a w20 h8a\"><div class=\"t m0 x179 h87 y1be0 ff84 fs3a fc2 sc0 ls23 ws39\">29,917<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b1a w20 h8a\"><div class=\"t m0 x183 h88 y1be0 ff85 fs3a fc2 sc0 ls20 ws36\">26,065<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b1b w57 h86\"><div class=\"t m0 x19a h88 y1bde ff85 fs3a fc2 sc0 ls24 ws3a\">The Netherlands<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b1b w20 h86\"><div class=\"t m0 x179 h87 y1bde ff84 fs3a fc2 sc0 ls23 ws39\">11,077<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b1b w20 h86\"><div class=\"t m0 x183 h88 y1bde ff85 fs3a fc2 sc0 ls20 ws36\">12,614<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x2a4 h87 y2b1c ff84 fs3a fc2 sc0 ls21 ws35\">312,<span class=\"_ _2\"></span>354<span class=\"_ _195\"> </span></td><td class=\"t m0 x2a5 h88 y2b1c ff85 fs3a fc2 sc0 ls20 ws36\">308,048</td></tr></table></div><div class=\"gs8f\"><table class=\"s w14b h113\" id=\"_5c7b7cc2-70ff-4a65-a974-e91fc7fd0cc4\"><tr><td></td><td class=\"t m0 x2a6 h82 y2b1d ff85 fs3b fc2 sc0 ls1 ws0\">  <span class=\"_ _120\"> </span><span class=\"ls19 ws2d\"></span><span class=\"ls19 ws2d\"></span><span class=\"ls19 ws2d\">For</span> <span class=\"ls1a ws2e\">the</span> years ended November <span class=\"ls1b ws2f\">30</span> </td><td></td></tr><tr><td class=\"c x241 y2b1e w59 h83\"><div class=\"t m0 x0 h82 y1bd5 ff85 fs3b fc2 sc0 ls1 ws0\">(<span class=\"ls2d wsa4\"></span><span class=\"ls2d wsa4\">in US $<span class=\"_ _2\"></span></span> thousands) </div></td><td class=\"c x2a7 y2b1e w20 h83\"><div class=\"t m0 x177 h85 y1bd8 ff84 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b1e w2a h83\"><div class=\"t m0 x177 h82 y1bd8 ff85 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2b1f w59 h86\"><div class=\"t m0 x0 h88 y1bda ff85 fs3a fc2 sc0 ls24 ws3a\">Tank Containers:<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x241 y2b20 w59 h89\"><div class=\"t m0 x19a h88 y1bdc ff85 fs3a fc2 sc0 ls29 ws44\">US<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b20 w20 h89\"><div class=\"t m0 x180 h87 y1bdc ff84 fs3a fc2 sc0 ls21 ws35\">115,<span class=\"_ _2\"></span>821<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b20 w2a h89\"><div class=\"t m0 x181 h88 y1bdc ff85 fs3a fc2 sc0 ls20 ws36\">118,927<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2b21 w59 h8c\"><div class=\"t m0 x19a h88 y1c03 ff85 fs3a fc2 sc0 ls24 ws3a\">South America<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b21 w20 h8c\"><div class=\"t m0 x179 h87 y1c03 ff84 fs3a fc2 sc0 ls23 ws39\">34,624<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b21 w2a h8c\"><div class=\"t m0 x183 h88 y1c03 ff85 fs3a fc2 sc0 ls20 ws36\">40,732<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2b22 w59 h86\"><div class=\"t m0 x19a h88 y1be4 ff85 fs3a fc2 sc0 ls2e ws5c\">France<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b22 w20 h86\"><div class=\"t m0 x179 h87 y1be4 ff84 fs3a fc2 sc0 ls23 ws39\">49,386<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b22 w2a h86\"><div class=\"t m0 x183 h88 y1be4 ff85 fs3a fc2 sc0 ls20 ws36\">44,533<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2b23 w59 h86\"><div class=\"t m0 x19a h88 y1c0a ff85 fs3a fc2 sc0 ls24 ws3a\">The Netherlands<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b23 w20 h86\"><div class=\"t m0 x179 h87 y1c0a ff84 fs3a fc2 sc0 ls23 ws39\">39,384<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b23 w2a h86\"><div class=\"t m0 x183 h88 y1c0a ff85 fs3a fc2 sc0 ls20 ws36\">34,166<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2b24 w59 h8a\"><div class=\"t m0 x19a h88 y1c18 ff85 fs3a fc2 sc0 ls29 ws44\">Italy<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b24 w20 h8a\"><div class=\"t m0 x179 h87 y1c18 ff84 fs3a fc2 sc0 ls23 ws39\">19,822<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b24 w2a h8a\"><div class=\"t m0 x183 h88 y1c18 ff85 fs3a fc2 sc0 ls20 ws36\">18,280<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2b25 w59 h86\"><div class=\"t m0 x19a h88 y1c0a ff85 fs3a fc2 sc0 ls29 ws42\">United Kingdom<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b25 w20 h86\"><div class=\"t m0 x179 h87 y1c0a ff84 fs3a fc2 sc0 ls23 ws39\">35,375<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b25 w2a h86\"><div class=\"t m0 x183 h88 y1c0a ff85 fs3a fc2 sc0 ls20 ws36\">31,129<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2b26 w59 h8b\"><div class=\"t m0 x19a h88 y1be4 ff85 fs3a fc2 sc0 ls22 ws37\">Other Europ<span class=\"_ _1\"></span>e<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b26 w20 h8b\"><div class=\"t m0 x179 h87 y1be4 ff84 fs3a fc2 sc0 ls23 ws39\">23,422<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b26 w2a h8b\"><div class=\"t m0 x183 h88 y1be4 ff85 fs3a fc2 sc0 ls20 ws36\">16,324<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2b27 w59 h8c\"><div class=\"t m0 x19a h88 y1c38 ff85 fs3a fc2 sc0 ls22 ws3e\">Singap<span class=\"_ _1\"></span>ore<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b27 w20 h8c\"><div class=\"t m0 x179 h87 y1c38 ff84 fs3a fc2 sc0 ls23 ws39\">79,593<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b27 w2a h8c\"><div class=\"t m0 x183 h88 y1c38 ff85 fs3a fc2 sc0 ls20 ws36\">85,070<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2b28 w59 h89\"><div class=\"t m0 x19a h88 y1c3b ff85 fs3a fc2 sc0 ls2e ws5c\">Japan<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b28 w20 h89\"><div class=\"t m0 x179 h87 y1c3b ff84 fs3a fc2 sc0 ls23 ws39\">20,375<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b28 w2a h89\"><div class=\"t m0 x183 h88 y1c3b ff85 fs3a fc2 sc0 ls20 ws36\">21,033<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2b29 w59 h86\"><div class=\"t m0 x19a h88 y1bea ff85 fs3a fc2 sc0 ls24 ws3b\">China<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b29 w20 h86\"><div class=\"t m0 x180 h87 y1bea ff84 fs3a fc2 sc0 ls21 ws35\">120,<span class=\"_ _2\"></span>444<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b29 w2a h86\"><div class=\"t m0 x181 h88 y1bea ff85 fs3a fc2 sc0 ls20 ws36\">120,330<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2b2a w59 h8c\"><div class=\"t m0 x19a h88 y1bec ff85 fs3a fc2 sc0 ls24 ws3b\">India<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b2a w20 h8c\"><div class=\"t m0 x179 h87 y1bec ff84 fs3a fc2 sc0 ls23 ws39\">20,713<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b2a w2a h8c\"><div class=\"t m0 x183 h88 y1bec ff85 fs3a fc2 sc0 ls20 ws36\">27,791<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2b2b w59 h86\"><div class=\"t m0 x19a h88 y1c4c ff85 fs3a fc2 sc0 ls24 ws3a\">Other Asia<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b2b w20 h86\"><div class=\"t m0 x179 h87 y1c4c ff84 fs3a fc2 sc0 ls23 ws39\">28,685<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b2b w2a h86\"><div class=\"t m0 x183 h88 y1c4c ff85 fs3a fc2 sc0 ls20 ws36\">37,376<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2b2c w59 h89\"><div class=\"t m0 x19a h88 y1bef ff85 fs3a fc2 sc0 ls28 ws0\">Middle<span class=\"_ _2\"></span> East<span class=\"_ _2\"></span><span class=\"ls1\"> </span></div></td><td class=\"c x2a7 y2b2c w20 h89\"><div class=\"t m0 x179 h87 y1bef ff84 fs3a fc2 sc0 ls23 ws39\">29,526<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b2c w2a h89\"><div class=\"t m0 x183 h88 y1bef ff85 fs3a fc2 sc0 ls20 ws36\">30,840<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2b2d w59 h8c\"><div class=\"t m0 x19a h88 y1bf1 ff85 fs3a fc2 sc0 ls2a ws45\">Othe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b2d w20 h8c\"><div class=\"t m0 x179 h87 y1bf1 ff84 fs3a fc2 sc0 ls23 ws39\">31,636<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b2d w2a h8c\"><div class=\"t m0 x183 h88 y1bf1 ff85 fs3a fc2 sc0 ls20 ws36\">25,590<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2a7 y2b2e w20 h8a\"><div class=\"t m0 x180 h87 y1c3f ff84 fs3a fc2 sc0 ls21 ws35\">648,<span class=\"_ _2\"></span>806<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b2e w2a h8a\"><div class=\"t m0 x181 h88 y1c3f ff85 fs3a fc2 sc0 ls20 ws36\">652,121<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2b0d w59 h86\"><div class=\"t m0 x0 h88 y1c50 ff85 fs3a fc2 sc0 ls37 wsa5\">Stolt Sea Farm:<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x241 y2b2f w59 h86\"><div class=\"t m0 x19a h88 y1bfa ff85 fs3a fc2 sc0 ls29 ws44\">US<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b2f w20 h86\"><div class=\"t m0 x185 h87 y1bfa ff84 fs3a fc2 sc0 ls21 ws35\">7,39<span class=\"_ _2\"></span>9<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b2f w2a h86\"><div class=\"t m0 x184 h88 y1bfa ff85 fs3a fc2 sc0 ls20 ws36\">7,110<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2b30 w59 h94\"><div class=\"t m0 x19a h88 y1bff ff85 fs3a fc2 sc0 ls20 ws36\">Spain<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b30 w20 h94\"><div class=\"t m0 x179 h87 y1bff ff84 fs3a fc2 sc0 ls23 ws39\">52,110<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b30 w2a h94\"><div class=\"t m0 x183 h88 y1bff ff85 fs3a fc2 sc0 ls20 ws36\">44,922<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2b31 w59 h86\"><div class=\"t m0 x19a h88 y1bfa ff85 fs3a fc2 sc0 ls2e ws5c\">France<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b31 w20 h86\"><div class=\"t m0 x179 h87 y1bfa ff84 fs3a fc2 sc0 ls23 ws39\">23,277<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b31 w2a h86\"><div class=\"t m0 x183 h88 y1bfa ff85 fs3a fc2 sc0 ls20 ws36\">20,903<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2b32 w59 h86\"><div class=\"t m0 x19a h88 y1c05 ff85 fs3a fc2 sc0 ls29 ws44\">Italy<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b32 w20 h86\"><div class=\"t m0 x179 h87 y1c05 ff84 fs3a fc2 sc0 ls23 ws39\">18,543<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b32 w2a h86\"><div class=\"t m0 x183 h88 y1c05 ff85 fs3a fc2 sc0 ls20 ws36\">17,986<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2b33 w59 h8a\"><div class=\"t m0 x19a h88 y1c03 ff85 fs3a fc2 sc0 ls24 ws3b\">Germany<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b33 w20 h8a\"><div class=\"t m0 x185 h87 y1c03 ff84 fs3a fc2 sc0 ls21 ws35\">7,10<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b33 w2a h8a\"><div class=\"t m0 x184 h88 y1c03 ff85 fs3a fc2 sc0 ls20 ws36\">6,978<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2b34 w59 h86\"><div class=\"t m0 x19a h88 y1c05 ff85 fs3a fc2 sc0 ls22 ws37\">Other Europ<span class=\"_ _1\"></span>e<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b34 w20 h86\"><div class=\"t m0 x179 h87 y1c05 ff84 fs3a fc2 sc0 ls23 ws39\">29,159<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b34 w2a h86\"><div class=\"t m0 x183 h88 y1c05 ff85 fs3a fc2 sc0 ls20 ws36\">28,163<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2b35 w59 h86\"><div class=\"t m0 x19a h88 y1bde ff85 fs3a fc2 sc0 ls2a ws45\">Othe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b35 w20 h86\"><div class=\"t m0 x185 h87 y1bde ff84 fs3a fc2 sc0 ls21 ws35\">1,40<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b35 w2a h86\"><div class=\"t m0 x1a0 h88 y1bde ff85 fs3a fc2 sc0 ls20 ws36\">727<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2a7 y2b36 w20 h8c\"><div class=\"t m0 x180 h87 y1c18 ff84 fs3a fc2 sc0 ls21 ws35\">138,<span class=\"_ _2\"></span>988<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b36 w2a h8c\"><div class=\"t m0 x181 h88 y1c18 ff85 fs3a fc2 sc0 ls20 ws36\">126,789<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2b37 w59 h86\"><div class=\"t m0 x0 h88 y1be2 ff85 fs3a fc2 sc0 ls29 ws44\">Stolt<span class=\"ls1 ws0\">-</span><span class=\"ws42\">Nielsen Gas:</span><span class=\"ws42\"><span class=\"ls1 ws0\"> </span></span></div></td><td></td><td></td></tr><tr><td class=\"c x241 y2b38 w59 h86\"><div class=\"t m0 x19a h88 y1be4 ff85 fs3a fc2 sc0 ls29 ws44\">Belgium<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b38 w20 h86\"><div class=\"t m0 x179 h87 y1be4 ff84 fs3a fc2 sc0 ls23 ws39\">13,283<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b38 w2a h86\"><div class=\"t m0 x2d h88 y1be4 ff87 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff85\"> </span></div></td></tr><tr><td class=\"c x241 y2b39 w59 h8a\"><div class=\"t m0 x19a h88 y1be6 ff85 fs3a fc2 sc0 ls20 ws36\">Spain<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b39 w20 h8a\"><div class=\"t m0 x185 h87 y1be6 ff84 fs3a fc2 sc0 ls21 ws35\">9,16<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b39 w2a h8a\"><div class=\"t m0 x2d h88 y1be6 ff87 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff85\"> </span></div></td></tr><tr><td class=\"c x241 y2b3a w59 h86\"><div class=\"t m0 x19a h88 y1be8 ff85 fs3a fc2 sc0 ls24 ws3b\">Lithuania<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b3a w20 h86\"><div class=\"t m0 x179 h87 y1be8 ff84 fs3a fc2 sc0 ls23 ws39\">22,393<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b3a w2a h86\"><div class=\"t m0 x2d h88 y1be8 ff87 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff85\"> </span></div></td></tr><tr><td class=\"c x241 y2b3b w59 ha1\"><div class=\"t m0 x19a h88 y1eae ff85 fs3a fc2 sc0 ls2e ws5c\">Malaysia<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b3b w20 ha1\"><div class=\"t m0 x185 h87 y1eae ff84 fs3a fc2 sc0 ls21 ws35\">5,09<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b3b w2a ha1\"><div class=\"t m0 x2d h88 y1eae ff87 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff85\"> </span></div></td></tr><tr><td class=\"c x241 y2b3c w59 h8a\"><div class=\"t m0 x19a h88 y1bec ff85 fs3a fc2 sc0 ls20 ws36\">Caribbe<span class=\"_ _2\"></span>an<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b3c w20 h8a\"><div class=\"t m0 x179 h87 y1bec ff84 fs3a fc2 sc0 ls1 ws0\">1<span class=\"_ _1\"></span>7,<span class=\"_ _1\"></span><span class=\"ls66 ws9d\">767</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x244 y2b3c w2a h8a\"><div class=\"t m0 x2d h88 y1bec ff87 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff85\"> </span></div></td></tr><tr><td></td><td class=\"c x2a7 y2b3d w20 h8a\"><div class=\"t m0 x179 h87 y1c65 ff84 fs3a fc2 sc0 ls1 ws0\">6<span class=\"_ _1\"></span>7,<span class=\"_ _1\"></span><span class=\"ls66 ws9d\">699</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x244 y2b3d w2a h8a\"><div class=\"t m0 x2d h88 y1c65 ff87 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff85\"> </span></div></td></tr></table></div><div class=\"t m0 h98 ff85 fs39 fc2 sc0 ls30 ws50 gs135\">There<span class=\"_ _2\"></span> were <span class=\"_ _2\"></span>no c<span class=\"_ _2\"></span>ustom<span class=\"_ _2\"></span>ers <span class=\"_ _2\"></span>of <span class=\"ws52\">t<span class=\"_ _2\"></span>he </span>Tankers<span class=\"_ _2\"></span>, Te<span class=\"_ _2\"></span>rminal<span class=\"_ _2\"></span>s, T<span class=\"_ _2\"></span>ank<span class=\"_ _2\"></span> Cont<span class=\"_ _2\"></span>ainers<span class=\"_ _2\"></span><span class=\"ls59 ws95\">, <span class=\"ls46 ws6f\">SSF <span class=\"ws71\">or Sto<span class=\"_ _2\"></span>lt<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2f ws75\">Nielse<span class=\"_ _2\"></span>n Gas<span class=\"ls1 ws0\"> </span></span></span></span></span></span></div><div class=\"t m0 h98 ff85 fs39 fc2 sc0 ls48 ws72 gs136\">segments <span class=\"ls30 ws50\">that<span class=\"_ _2\"></span> acco<span class=\"_ _2\"></span>unted <span class=\"_ _2\"></span>fo<span class=\"_ _2\"></span>r more<span class=\"_ _2\"></span> <span class=\"ls47 ws82\">than 10%<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">of the c<span class=\"_ _2\"></span>onsolidated<span class=\"_ _2\"></span> operating re<span class=\"_ _2\"></span>venue for <span class=\"_ _2\"></span>the years </span></span></span></span></div><div class=\"t m0 h98 ff85 fs39 fc2 sc0 ls2f ws4e gs137\">ended <span class=\"ls30 ws50\">at Novemb<span class=\"_ _2\"></span>er<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">30, 2025 and 2024</span>. </span></span></div><div class=\"t m0 h98 ff8a fs39 fc2 sc0 ls2f ws70 gs139\">The following <span class=\"_ _2\"></span>table sets o<span class=\"_ _2\"></span>ut the key elem<span class=\"_ _2\"></span>ents of so<span class=\"_ _2\"></span>urces <span class=\"_ _2\"></span><span class=\"ls4a ws76\">of <span class=\"ls30 ws52\">operati<span class=\"_ _2\"></span>ng revenue<span class=\"_ _2\"></span>:<span class=\"ls1 ws0\"> </span></span></span></div><div class=\"gs13a\"><table class=\"s w14e h116\" id=\"_11be034d-aee6-41ea-a024-5b16211baef4\"><tr><td class=\"c x24b y2b4e w5b hb9\"><div class=\"t m0 x0 h82 y1c3c ff8a fs3b fc2 sc0 ls1 ws32\">For the year ended November 30, 20<span class=\"ls69 wsa2\">25 (<span class=\"ls2d ws4a\"></span></span><span class=\"ls69 wsa2\"><span class=\"ls2d ws4a\">in<span class=\"_ _2\"></span></span></span><span class=\"ws0\"> <span class=\"ls6a wsa6\">US </span>$ thousands</span><span class=\"ws0\">) </span></div></td><td class=\"c x2b8 y2b4e w5c hb9\"><div class=\"t m0 x181 h82 y1eb6 ff8a fs3b fc2 sc0 ls1a ws2e\">Tan<span class=\"_ _2\"></span>kers<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2af y2b4e w5d hb9\"><div class=\"t m0 x17b h82 y1eb6 ff8a fs3b fc2 sc0 ls2d ws4a\">Terminals<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b0 y2b4e w5e hb9\"><div class=\"t m0 x19d h82 y1eb6 ff8a fs3b fc2 sc0 ls38 wsa3\">Tank Conta<span class=\"_ _1\"></span>iners<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b1 y2b4e w5c hb9\"><div class=\"t m0 x19b h82 y1eb6 ff8a fs3b fc2 sc0 ls1 ws9b\">Stolt Sea Farm<span class=\"ws0\"> </span></div></td><td class=\"c x2ac y2b4e w48 hb9\"><div class=\"t m0 x19b h82 y1eb6 ff8a fs3b fc2 sc0 ls1 ws0\">Stolt-Nielsen <span class=\"ls2d ws4a\">Gas</span> </div></td><td class=\"c x2b2 y2b4e w5f hb9\"><div class=\"t m0 x182 h82 y1eb6 ff8a fs3b fc2 sc0 ls1 ws0\">Other </div></td><td class=\"c x2ae y2b4e w5e hb9\"><div class=\"t m0 x184 h82 y1eb6 ff8a fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2b4f w5b h89\"><div class=\"t m0 x0 h87 y1bea ff8b fs3a fc2 sc0 ls1f ws33\">Operating <span class=\"_ _2\"></span>reven<span class=\"_ _2\"></span>ue recogn<span class=\"_ _2\"></span>ised ov<span class=\"_ _2\"></span>er time:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2b50 w5b h86\"><div class=\"t m0 x19a h88 y1be8 ff8a fs3a fc2 sc0 ls24 ws3a\">Freight revenue<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b8 y2b50 w5c h86\"><div class=\"t m0 x17c h88 y1be8 ff8a fs3a fc2 sc0 ls20 ws36\">1,397,939<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2af y2b50 w5d h86\"><div class=\"t m0 x1be h88 y1be8 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2b0 y2b50 w5e h86\"><div class=\"t m0 x17b h88 y1be8 ff8a fs3a fc2 sc0 ls20 ws36\">473,264<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b1 y2b50 w5c h86\"><div class=\"t m0 x1be h88 y1be8 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2ac y2b50 w48 h86\"><div class=\"t m0 x2d h88 y1be8 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2b2 y2b50 w5f h86\"><div class=\"t m0 x1be h88 y1be8 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2ae y2b50 w5e h86\"><div class=\"t m0 x17c h88 y1be8 ff8a fs3a fc2 sc0 ls20 ws36\">1,871,203<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b51 w5b h8c\"><div class=\"t m0 x19a h88 y1c38 ff8a fs3a fc2 sc0 ls24 ws3a\">Storage and throughput revenue<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b8 y2b51 w5c h8c\"><div class=\"t m0 x1be h88 y1c38 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2af y2b51 w5d h8c\"><div class=\"t m0 x17b h88 y1c38 ff8a fs3a fc2 sc0 ls20 ws36\">212,330<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b0 y2b51 w5e h8c\"><div class=\"t m0 x1be h88 y1c38 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2b1 y2b51 w5c h8c\"><div class=\"t m0 x1be h88 y1c38 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2ac y2b51 w48 h8c\"><div class=\"t m0 x2d h88 y1c38 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2b2 y2b51 w5f h8c\"><div class=\"t m0 x1be h88 y1c38 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2ae y2b51 w5e h8c\"><div class=\"t m0 x17b h88 y1c38 ff8a fs3a fc2 sc0 ls20 ws36\">212,330<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b52 w5b h86\"><div class=\"t m0 x19a h88 y1bef ff8a fs3a fc2 sc0 ls23 ws4b\">Ship ti<span class=\"_ _1\"></span>me charters<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b8 y2b52 w5c h86\"><div class=\"t m0 x1be h88 y1bef ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2af y2b52 w5d h86\"><div class=\"t m0 x1be h88 y1bef ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2b0 y2b52 w5e h86\"><div class=\"t m0 x1be h88 y1bef ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2b1 y2b52 w5c h86\"><div class=\"t m0 x1be h88 y1bef ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2ac y2b52 w48 h86\"><div class=\"t m0 x183 h88 y1bef ff8a fs3a fc2 sc0 ls20 ws36\">31,386<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2b52 w5f h86\"><div class=\"t m0 x1be h88 y1bef ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2ae y2b52 w5e h86\"><div class=\"t m0 x180 h88 y1bef ff8a fs3a fc2 sc0 ls20 ws36\">31,386<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2b8 y2b53 w5c h86\"><div class=\"t m0 x17c h88 y1c4c ff8a fs3a fc2 sc0 ls20 ws36\">1,397,939<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2af y2b53 w5d h86\"><div class=\"t m0 x17b h88 y1c4c ff8a fs3a fc2 sc0 ls20 ws36\">212,330<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b0 y2b53 w5e h86\"><div class=\"t m0 x17b h88 y1c4c ff8a fs3a fc2 sc0 ls20 ws36\">473,264<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b1 y2b53 w5c h86\"><div class=\"t m0 x1be h88 y1c4c ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2ac y2b53 w48 h86\"><div class=\"t m0 x183 h88 y1c4c ff8a fs3a fc2 sc0 ls20 ws36\">31,386<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2b53 w5f h86\"><div class=\"t m0 x1be h88 y1c4c ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2ae y2b53 w5e h86\"><div class=\"t m0 x17c h88 y1c4c ff8a fs3a fc2 sc0 ls20 ws36\">2,114,919<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b54 w5b h86\"><div class=\"t m0 x0 h87 y1bef ff8b fs3a fc2 sc0 ls1f ws33\">Operating <span class=\"_ _2\"></span>reven<span class=\"_ _2\"></span>ue recogn<span class=\"_ _2\"></span>ised at a <span class=\"_ _2\"></span>poin<span class=\"_ _2\"></span>t in ti<span class=\"_ _2\"></span>me:<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2b55 w5b ha4\"><div class=\"t m0 x19a h88 y1c4d ff8a fs3a fc2 sc0 ls22 ws3e\">Demurrag<span class=\"_ _1\"></span>e<span class=\"ls24 ws3a\">, bunker surchar<span class=\"_ _2\"></span>ge<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls24 ws3a\">and an<span class=\"_ _2\"></span>cillary revenue</span></span></span><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></span></div></td><td class=\"c x2b8 y2b55 w5c ha4\"><div class=\"t m0 x17b h88 y1c4d ff8a fs3a fc2 sc0 ls20 ws36\">201,060<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2af y2b55 w5d ha4\"><div class=\"t m0 x1be h88 y1c4d ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2b0 y2b55 w5e ha4\"><div class=\"t m0 x17b h88 y1c4d ff8a fs3a fc2 sc0 ls20 ws36\">175,542<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b1 y2b55 w5c ha4\"><div class=\"t m0 x1be h88 y1c4d ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2ac y2b55 w48 ha4\"><div class=\"t m0 x2d h88 y1c4d ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2b2 y2b55 w5f ha4\"><div class=\"t m0 x1be h88 y1c4d ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2ae y2b55 w5e ha4\"><div class=\"t m0 x17b h88 y1c4d ff8a fs3a fc2 sc0 ls20 ws36\">376,602<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b56 w5b h86\"><div class=\"t m0 x19a h88 y1bfa ff8a fs3a fc2 sc0 ls22 ws37\">Turbot and<span class=\"_ _1\"></span> sole<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b8 y2b56 w5c h86\"><div class=\"t m0 x1be h88 y1bfa ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2af y2b56 w5d h86\"><div class=\"t m0 x1be h88 y1bfa ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2b0 y2b56 w5e h86\"><div class=\"t m0 x1be h88 y1bfa ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2b1 y2b56 w5c h86\"><div class=\"t m0 x17b h88 y1bfa ff8a fs3a fc2 sc0 ls20 ws36\">138,988<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ac y2b56 w48 h86\"><div class=\"t m0 x2d h88 y1bfa ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2b2 y2b56 w5f h86\"><div class=\"t m0 x1be h88 y1bfa ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2ae y2b56 w5e h86\"><div class=\"t m0 x17b h88 y1bfa ff8a fs3a fc2 sc0 ls20 ws36\">138,988<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b57 w5b h86\"><div class=\"t m0 x19a h88 y1bf8 ff8a fs3a fc2 sc0 ls29 ws44\">Rail<span class=\"ls2e ws5c\">car<span class=\"ls1 ws0\"> <span class=\"ls24 ws3b\">revenue</span></span></span><span class=\"ls2e ws5c\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2b8 y2b57 w5c h86\"><div class=\"t m0 x1be h88 y1bf8 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2af y2b57 w5d h86\"><div class=\"t m0 x180 h88 y1bf8 ff8a fs3a fc2 sc0 ls20 ws36\">21,222<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b0 y2b57 w5e h86\"><div class=\"t m0 x1be h88 y1bf8 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2b1 y2b57 w5c h86\"><div class=\"t m0 x1be h88 y1bf8 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2ac y2b57 w48 h86\"><div class=\"t m0 x2d h88 y1bf8 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2b2 y2b57 w5f h86\"><div class=\"t m0 x1be h88 y1bf8 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2ae y2b57 w5e h86\"><div class=\"t m0 x180 h88 y1bf8 ff8a fs3a fc2 sc0 ls20 ws36\">21,222<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b58 w5b h8a\"><div class=\"t m0 x19a h88 y1c03 ff8a fs3a fc2 sc0 ls29 ws42\">Utility re<span class=\"_ _2\"></span>venue<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b8 y2b58 w5c h8a\"><div class=\"t m0 x1be h88 y1c03 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2af y2b58 w5d h8a\"><div class=\"t m0 x180 h88 y1c03 ff8a fs3a fc2 sc0 ls20 ws36\">31,886<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b0 y2b58 w5e h8a\"><div class=\"t m0 x1be h88 y1c03 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2b1 y2b58 w5c h8a\"><div class=\"t m0 x1be h88 y1c03 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2ac y2b58 w48 h8a\"><div class=\"t m0 x2d h88 y1c03 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2b2 y2b58 w5f h8a\"><div class=\"t m0 x1be h88 y1c03 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2ae y2b58 w5e h8a\"><div class=\"t m0 x180 h88 y1c03 ff8a fs3a fc2 sc0 ls20 ws36\">31,886<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b59 w5b h86\"><div class=\"t m0 x19a h88 y1c05 ff8a fs3a fc2 sc0 ls24 ws3a\">Dock, product handling and other r<span class=\"_ _2\"></span>evenue<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b8 y2b59 w5c h86\"><div class=\"t m0 x1be h88 y1c05 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2af y2b59 w5d h86\"><div class=\"t m0 x180 h88 y1c05 ff8a fs3a fc2 sc0 ls20 ws36\">46,916<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b0 y2b59 w5e h86\"><div class=\"t m0 x1be h88 y1c05 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2b1 y2b59 w5c h86\"><div class=\"t m0 x1be h88 y1c05 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2ac y2b59 w48 h86\"><div class=\"t m0 x2d h88 y1c05 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2b2 y2b59 w5f h86\"><div class=\"t m0 x18f h88 y1c05 ff8a fs3a fc2 sc0 ls20 ws36\">2,155<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2b59 w5e h86\"><div class=\"t m0 x180 h88 y1c05 ff8a fs3a fc2 sc0 ls20 ws36\">49,071<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b5a w5b h86\"><div class=\"t m0 x19a h88 y1bde ff8a fs3a fc2 sc0 ls22 ws37\">Sale of LNG a<span class=\"_ _1\"></span>nd rendering of servi<span class=\"_ _1\"></span>ce<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b8 y2b5a w5c h86\"><div class=\"t m0 x1be h88 y1bde ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2af y2b5a w5d h86\"><div class=\"t m0 x1be h88 y1bde ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2b0 y2b5a w5e h86\"><div class=\"t m0 x1be h88 y1bde ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2b1 y2b5a w5c h86\"><div class=\"t m0 x1be h88 y1bde ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2ac y2b5a w48 h86\"><div class=\"t m0 x183 h88 y1bde ff8a fs3a fc2 sc0 ls20 ws36\">36,313<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2b5a w5f h86\"><div class=\"t m0 x1be h88 y1bde ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2ae y2b5a w5e h86\"><div class=\"t m0 x180 h88 y1bde ff8a fs3a fc2 sc0 ls20 ws36\">36,313<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2b8 y2b5b w5c h8a\"><div class=\"t m0 x17b h88 y1c2d ff8a fs3a fc2 sc0 ls20 ws36\">201,060<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2af y2b5b w5d h8a\"><div class=\"t m0 x17b h88 y1c2d ff8a fs3a fc2 sc0 ls20 ws36\">100,024<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b0 y2b5b w5e h8a\"><div class=\"t m0 x17b h88 y1c2d ff8a fs3a fc2 sc0 ls20 ws36\">175,542<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b1 y2b5b w5c h8a\"><div class=\"t m0 x17b h88 y1c2d ff8a fs3a fc2 sc0 ls20 ws36\">138,988<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ac y2b5b w48 h8a\"><div class=\"t m0 x183 h88 y1c2d ff8a fs3a fc2 sc0 ls20 ws36\">36,313<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2b5b w5f h8a\"><div class=\"t m0 x18f h88 y1c2d ff8a fs3a fc2 sc0 ls20 ws36\">2,155<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2b5b w5e h8a\"><div class=\"t m0 x17b h88 y1c2d ff8a fs3a fc2 sc0 ls20 ws36\">654,082<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2b8 y2b5c w5c h86\"><div class=\"t m0 x175 h87 y1bde ff8b fs3a fc2 sc0 ls21 ws35\">1,59<span class=\"_ _2\"></span>8,999<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2af y2b5c w5d h86\"><div class=\"t m0 x17a h87 y1bde ff8b fs3a fc2 sc0 ls21 ws35\">312,<span class=\"_ _2\"></span>354<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b0 y2b5c w5e h86\"><div class=\"t m0 x17a h87 y1bde ff8b fs3a fc2 sc0 ls21 ws35\">648,<span class=\"_ _2\"></span>806<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b1 y2b5c w5c h86\"><div class=\"t m0 x1b1 h87 y1bde ff8b fs3a fc2 sc0 ls21 ws35\">138,<span class=\"_ _2\"></span>988<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ac y2b5c w48 h86\"><div class=\"t m0 x179 h87 y1bde ff8b fs3a fc2 sc0 ls23 ws39\">67,699<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2b5c w5f h86\"><div class=\"t m0 x187 h87 y1bde ff8b fs3a fc2 sc0 ls21 ws35\">2,15<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2b5c w5e h86\"><div class=\"t m0 x175 h87 y1bde ff8b fs3a fc2 sc0 ls21 ws35\">2,76<span class=\"_ _2\"></span>9,001<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"gs13b\"><table class=\"s w14c h114\" id=\"_275655d6-ff55-415e-a534-9155953eb468\"><tr><td class=\"c x246 y2b3e w14d h115\"><div class=\"t m0 x245 h82 y29a6 ff8a fs3b fc2 sc0 ls1 ws32\">For the year ended November 30,</div><div class=\"t m0 x2a8 h82 y29a6 ff8a fs3b fc2 sc0 ls1b ws2f\">2024 <span class=\"ls1 ws0\">(<span class=\"ls2d ws4a\"></span><span class=\"ls2d ws4a\">in</span> <span class=\"ls6a wsa6\">US </span>$ thousands)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x2a9 h82 y2b3f ff8a fs3b fc2 sc0 ls1a ws2e\">Tan<span class=\"_ _2\"></span>kers<span class=\"_ _195\"> </span></td><td class=\"t m0 x2aa h82 y2b3f ff8a fs3b fc2 sc0 ls2d ws4a\">Terminals<span class=\"_ _195\"> </span></td><td class=\"t m0 x2ab h82 y2b3f ff8a fs3b fc2 sc0 ls38 wsa3\">Tank Conta<span class=\"_ _1\"></span>iners<span class=\"_ _195\"> </span></td><td class=\"c x2ac y2b40 w48 h83\"><div class=\"t m0 x19e h82 y1ec8 ff8a fs3b fc2 sc0 ls1 ws9b\">Stolt Sea Farm<span class=\"ws0\"> </span></div></td><td class=\"t m0 x2ad h82 y2b3f ff8a fs3b fc2 sc0 ls1 ws0\">Other<span class=\"_ _195\"> </span></td><td class=\"c x2ae y2b40 w5e h83\"><div class=\"t m0 x184 h82 y1ec8 ff8a fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2b41 w61 h86\"><div class=\"t m0 x0 h87 y1bde ff8b fs3a fc2 sc0 ls1f ws33\">Operating <span class=\"_ _2\"></span>reven<span class=\"_ _2\"></span>ue recogn<span class=\"_ _2\"></span>ised ov<span class=\"_ _2\"></span>er time:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2b42 w61 ha4\"><div class=\"t m0 x19a h88 y1be0 ff8a fs3a fc2 sc0 ls24 ws3a\">Freight revenue<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2af y2b42 w5d ha4\"><div class=\"t m0 x17c h88 y1be0 ff8a fs3a fc2 sc0 ls20 ws36\">1,528<span class=\"ls1 ws0\">,</span>990<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b0 y2b42 w5e ha4\"><div class=\"t m0 x1be h88 y1be0 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2b1 y2b42 w5c ha4\"><div class=\"t m0 x17b h88 y1be0 ff8a fs3a fc2 sc0 ls20 ws36\">491<span class=\"ls1 ws0\">,</span>711<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ac y2b42 w48 ha4\"><div class=\"t m0 x2d h88 y1be0 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2b2 y2b42 w5f ha4\"><div class=\"t m0 x1be h88 y1be0 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2ae y2b42 w5e ha4\"><div class=\"t m0 x17c h88 y1be0 ff8a fs3a fc2 sc0 ls1 ws0\">2<span class=\"_ _1\"></span>,<span class=\"ls20 ws36\">020</span>,<span class=\"ls20 ws36\">701</span> </div></td></tr><tr><td class=\"c x24b y2b43 w61 h86\"><div class=\"t m0 x19a h88 y1bde ff8a fs3a fc2 sc0 ls24 ws3a\">Storage and throughput revenue<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2af y2b43 w5d h86\"><div class=\"t m0 x1be h88 y1bde ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2b0 y2b43 w5e h86\"><div class=\"t m0 x17b h88 y1bde ff8a fs3a fc2 sc0 ls20 ws36\">20<span class=\"ls1 ws0\">6,<span class=\"_ _3\"></span><span class=\"ls20 ws36\">6<span class=\"_ _2\"></span>04</span></span><span class=\"ls1 ws0\"><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2b1 y2b43 w5c h86\"><div class=\"t m0 x1be h88 y1bde ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2ac y2b43 w48 h86\"><div class=\"t m0 x2d h88 y1bde ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2b2 y2b43 w5f h86\"><div class=\"t m0 x1be h88 y1bde ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2ae y2b43 w5e h86\"><div class=\"t m0 x17b h88 y1bde ff8a fs3a fc2 sc0 ls20 ws36\">20<span class=\"ls1 ws0\">6,<span class=\"_ _3\"></span><span class=\"ls20 ws36\">6<span class=\"_ _2\"></span>04</span></span><span class=\"ls1 ws0\"><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></span></div></td></tr><tr><td></td><td class=\"t m0 x2b3 h88 y2b44 ff8a fs3a fc2 sc0 ls20 ws36\">1,528<span class=\"ls1 ws0\">,</span>990<span class=\"_ _195\"> </span></td><td class=\"t m0 x2b4 h88 y2b44 ff8a fs3a fc2 sc0 ls20 ws36\">20<span class=\"ls1 ws0\">6,<span class=\"_ _3\"></span><span class=\"ls20 ws36\">6<span class=\"_ _2\"></span>04<span class=\"_ _195\"> </span></span></span></td><td class=\"t m0 x2b5 h88 y2b44 ff8a fs3a fc2 sc0 ls20 ws36\">491<span class=\"ls1 ws0\">,</span>711<span class=\"_ _195\"> </span></td><td class=\"c x2ac y2b45 w48 h86\"><div class=\"t m0 x2d h88 y1be4 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"t m0 x2b6 h88 y2b44 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _195\"> </span></td><td class=\"t m0 x2b7 h88 y2b44 ff8a fs3a fc2 sc0 ls20 ws36\">2,227<span class=\"ls1 ws0\">,</span>305<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2b46 w61 h8c\"><div class=\"t m0 x0 h87 y1c09 ff8b fs3a fc2 sc0 ls1f ws33\">Operating <span class=\"_ _2\"></span>reven<span class=\"_ _2\"></span>ue recogn<span class=\"_ _2\"></span>ised at a <span class=\"_ _2\"></span>poin<span class=\"_ _2\"></span>t in ti<span class=\"_ _2\"></span>me:<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2b47 w61 h86\"><div class=\"t m0 x19a h88 y1be4 ff8a fs3a fc2 sc0 ls22 ws3e\">Demurrag<span class=\"_ _1\"></span>e<span class=\"ls24 ws3a\">, bunker surchar<span class=\"_ _2\"></span>ge<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls24 ws3a\">and an<span class=\"_ _2\"></span>cillary revenue</span></span></span><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></span></div></td><td class=\"c x2af y2b47 w5d h86\"><div class=\"t m0 x17b h88 y1be4 ff8a fs3a fc2 sc0 ls1 ws0\">2<span class=\"_ _1\"></span><span class=\"ls20 ws36\">73<span class=\"ls1 ws0\">,</span>924</span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2b0 y2b47 w5e h86\"><div class=\"t m0 x1be h88 y1be4 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2b1 y2b47 w5c h86\"><div class=\"t m0 x17b h88 y1be4 ff8a fs3a fc2 sc0 ls1 ws0\">1<span class=\"_ _1\"></span><span class=\"ls20 ws36\">60<span class=\"ls1 ws0\">,</span>410</span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ac y2b47 w48 h86\"><div class=\"t m0 x2d h88 y1be4 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2b2 y2b47 w5f h86\"><div class=\"t m0 x1be h88 y1be4 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2ae y2b47 w5e h86\"><div class=\"t m0 x17b h88 y1be4 ff8a fs3a fc2 sc0 ls1 ws0\">4<span class=\"_ _1\"></span><span class=\"ls20 ws36\">34<span class=\"ls1 ws0\">,</span>334</span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></div></td></tr><tr><td class=\"c x24b y2b48 w61 h89\"><div class=\"t m0 x19a h88 y1be2 ff8a fs3a fc2 sc0 ls22 ws37\">Turbot and<span class=\"_ _1\"></span> sole<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2af y2b48 w5d h89\"><div class=\"t m0 x1be h88 y1be2 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2b0 y2b48 w5e h89\"><div class=\"t m0 x1be h88 y1be2 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2b1 y2b48 w5c h89\"><div class=\"t m0 x1be h88 y1be2 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2ac y2b48 w48 h89\"><div class=\"t m0 x181 h88 y1be2 ff8a fs3a fc2 sc0 ls1 ws0\">1<span class=\"_ _1\"></span><span class=\"ls20 ws36\">26<span class=\"ls1 ws0\">,</span>789</span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2b2 y2b48 w5f h89\"><div class=\"t m0 x1be h88 y1be2 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2ae y2b48 w5e h89\"><div class=\"t m0 x17b h88 y1be2 ff8a fs3a fc2 sc0 ls1 ws0\">1<span class=\"_ _1\"></span><span class=\"ls20 ws36\">26,7<span class=\"_ _2\"></span>89</span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></div></td></tr><tr><td class=\"c x24b y2b49 w61 h8c\"><div class=\"t m0 x19a h88 y1c18 ff8a fs3a fc2 sc0 ls29 ws44\">Rail<span class=\"ls2e ws5c\">car<span class=\"ls1 ws0\"> <span class=\"ls24 ws3b\">revenue</span></span></span><span class=\"ls2e ws5c\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2af y2b49 w5d h8c\"><div class=\"t m0 x1be h88 y1c18 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2b0 y2b49 w5e h8c\"><div class=\"t m0 x180 h88 y1c18 ff8a fs3a fc2 sc0 ls1 ws0\">2<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span><span class=\"ls20 ws36\">80<span class=\"_ _2\"></span>0</span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2b1 y2b49 w5c h8c\"><div class=\"t m0 x1be h88 y1c18 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2ac y2b49 w48 h8c\"><div class=\"t m0 x2d h88 y1c18 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2b2 y2b49 w5f h8c\"><div class=\"t m0 x1be h88 y1c18 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2ae y2b49 w5e h8c\"><div class=\"t m0 x180 h88 y1c18 ff8a fs3a fc2 sc0 ls1 ws0\">2<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span><span class=\"ls20 ws36\">80<span class=\"_ _2\"></span>0</span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></div></td></tr><tr><td class=\"c x24b y2b4a w61 h86\"><div class=\"t m0 x19a h88 y1c3e ff8a fs3a fc2 sc0 ls29 ws42\">Utility re<span class=\"_ _2\"></span>venue<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2af y2b4a w5d h86\"><div class=\"t m0 x1be h88 y1c3e ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2b0 y2b4a w5e h86\"><div class=\"t m0 x180 h88 y1c3e ff8a fs3a fc2 sc0 ls1 ws0\">3<span class=\"_ _1\"></span>2,<span class=\"_ _1\"></span><span class=\"ls20 ws36\">26<span class=\"_ _2\"></span>2</span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2b1 y2b4a w5c h86\"><div class=\"t m0 x1be h88 y1c3e ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2ac y2b4a w48 h86\"><div class=\"t m0 x2d h88 y1c3e ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2b2 y2b4a w5f h86\"><div class=\"t m0 x1be h88 y1c3e ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2ae y2b4a w5e h86\"><div class=\"t m0 x180 h88 y1c3e ff8a fs3a fc2 sc0 ls1 ws0\">3<span class=\"_ _1\"></span>2,<span class=\"_ _1\"></span><span class=\"ls20 ws36\">26<span class=\"_ _2\"></span>2</span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></div></td></tr><tr><td class=\"c x24b y2b4b w61 h86\"><div class=\"t m0 x19a h88 y1be8 ff8a fs3a fc2 sc0 ls24 ws3a\">Dock, product handling and other r<span class=\"_ _2\"></span>evenue<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2af y2b4b w5d h86\"><div class=\"t m0 x1be h88 y1be8 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2b0 y2b4b w5e h86\"><div class=\"t m0 x180 h88 y1be8 ff8a fs3a fc2 sc0 ls1 ws0\">4<span class=\"_ _1\"></span>7,<span class=\"_ _1\"></span><span class=\"ls20 ws36\">38<span class=\"_ _2\"></span>2</span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2b1 y2b4b w5c h86\"><div class=\"t m0 x1be h88 y1be8 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2ac y2b4b w48 h86\"><div class=\"t m0 x2d h88 y1be8 ff8c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff8a\"> </span></div></td><td class=\"c x2b2 y2b4b w5f h86\"><div class=\"t m0 x184 h88 y1be8 ff8a fs3a fc2 sc0 ls20 ws36\">753<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2b4b w5e h86\"><div class=\"t m0 x180 h88 y1be8 ff8a fs3a fc2 sc0 ls1 ws0\">4<span class=\"_ _1\"></span>8,<span class=\"_ _1\"></span><span class=\"ls20 ws36\">13<span class=\"_ _2\"></span>5</span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></div></td></tr><tr><td></td><td class=\"c x2af y2b4c w5d h8a\"><div class=\"t m0 x17b h88 y1c65 ff8a fs3a fc2 sc0 ls1 ws0\">2<span class=\"_ _1\"></span><span class=\"ls20 ws36\">73<span class=\"ls24 ws3b\">,9<span class=\"_ _2\"></span></span>24</span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2b0 y2b4c w5e h8a\"><div class=\"t m0 x17b h88 y1c65 ff8a fs3a fc2 sc0 ls20 ws36\">101<span class=\"ls1 ws0\">,</span>444<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b1 y2b4c w5c h8a\"><div class=\"t m0 x17b h88 y1c65 ff8a fs3a fc2 sc0 ls1 ws0\">1<span class=\"_ _1\"></span><span class=\"ls20 ws36\">60<span class=\"ls1 ws0\">,</span>410</span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ac y2b4c w48 h8a\"><div class=\"t m0 x181 h88 y1c65 ff8a fs3a fc2 sc0 ls1 ws0\">1<span class=\"_ _1\"></span><span class=\"ls20 ws36\">26<span class=\"ls1 ws0\">,</span>789</span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2b2 y2b4c w5f h8a\"><div class=\"t m0 x184 h88 y1c65 ff8a fs3a fc2 sc0 ls20 ws36\">753<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2b4c w5e h8a\"><div class=\"t m0 x17b h88 y1c65 ff8a fs3a fc2 sc0 ls1 ws0\">6<span class=\"_ _1\"></span><span class=\"ls20 ws36\">63<span class=\"ls1 ws0\">,</span>320</span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></div></td></tr><tr><td></td><td class=\"c x2af y2b4d w5d h8a\"><div class=\"t m0 x175 h87 y1c3f ff8b fs3a fc2 sc0 ls27 ws3f\">1,<span class=\"ls21 ws35\">802<span class=\"_ _2\"></span><span class=\"ls1 ws0\">,</span>914</span><span class=\"ls21 ws35\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2b0 y2b4d w5e h8a\"><div class=\"t m0 x17a h87 y1c3f ff8b fs3a fc2 sc0 ls21 ws35\">308<span class=\"ls1 ws0\">,</span>048<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b1 y2b4d w5c h8a\"><div class=\"t m0 x17a h87 y1c3f ff8b fs3a fc2 sc0 ls21 ws35\">652<span class=\"ls1 ws0\">,</span>121<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ac y2b4d w48 h8a\"><div class=\"t m0 x180 h87 y1c3f ff8b fs3a fc2 sc0 ls1 ws0\">1<span class=\"_ _1\"></span><span class=\"ls66 ws9d\">26<span class=\"ls1 ws0\">,<span class=\"ls21 ws35\">789</span></span></span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2b2 y2b4d w5f h8a\"><div class=\"t m0 x185 h87 y1c3f ff8b fs3a fc2 sc0 ls21 ws35\">753<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2b4d w5e h8a\"><div class=\"t m0 x175 h87 y1c3f ff8b fs3a fc2 sc0 ls21 ws35\">2,8<span class=\"ls66 ws9d\">90<span class=\"ls1 ws0\">,</span></span>625<span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 h98 ff8a fs39 fc2 sc0 ls2f ws70 gs13c\">The following <span class=\"_ _2\"></span>table sets o<span class=\"_ _2\"></span>ut non<span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">curre<span class=\"_ _2\"></span>nt <span class=\"_ _2\"></span>assets<span class=\"_ _2\"></span> excl<span class=\"_ _2\"></span>uding<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ng</span>-</span>term deferred inc<span class=\"_ _2\"></span>ome tax ass<span class=\"_ _2\"></span>ets and long<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">te<span class=\"_ _2\"></span>rm pe<span class=\"_ _2\"></span>nsi<span class=\"_ _2\"></span>on a<span class=\"_ _2\"></span>ssets b<span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>country<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>r t<span class=\"_ _2\"></span>he <span class=\"ls2f ws75\">report<span class=\"_ _2\"></span>able segments. Non<span class=\"ls1 ws0\">-</span></span>current<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>ets i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>e p<span class=\"_ _2\"></span>ropert<span class=\"_ _2\"></span>y, </span></span></div><div class=\"t m0 h98 ff8a fs39 fc2 sc0 ls30 ws50 gs13d\">plant <span class=\"_ _2\"></span>and<span class=\"_ _2\"></span> equip<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>, <span class=\"ws52\">rig<span class=\"_ _2\"></span>ht<span class=\"ls1 ws0\">-<span class=\"ls60 ws4f\">of</span>-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">use as<span class=\"_ _2\"></span>set<span class=\"_ _2\"></span>s, i<span class=\"_ _2\"></span>ntangi<span class=\"_ _2\"></span>ble a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span>s, i<span class=\"_ _2\"></span>nves<span class=\"_ _2\"></span>tment<span class=\"_ _2\"></span>s in <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>adva<span class=\"_ _2\"></span>nces t<span class=\"_ _2\"></span>o joi<span class=\"_ _2\"></span>nt <span class=\"_ _2\"></span>vent<span class=\"_ _2\"></span>ures<span class=\"_ _2\"></span> <span class=\"ws52\">and<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">associates<span class=\"_ _2\"></span><span class=\"ws70\">, investment in<span class=\"_ _2\"></span> equity <span class=\"ls61 ws96\">a<span class=\"_ _2\"></span>nd debt </span></span></span></span>ins<span class=\"_ _2\"></span>trum<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>and cer<span class=\"_ _2\"></span>tain <span class=\"_ _2\"></span>other<span class=\"_ _2\"></span> non<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws52\">c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>nt asset<span class=\"_ _2\"></span>s<span class=\"ls4c ws79\">. <span class=\"ls1 ws0\"> </span></span></span></span></span></span></span></div><div class=\"t m0 h98 ff8a fs39 fc2 sc0 ls4b ws77 gs13e\">Non<span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">curre<span class=\"_ _2\"></span>nt as<span class=\"_ _2\"></span>sets<span class=\"_ _2\"></span> by c<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span>ry a<span class=\"_ _2\"></span>re o<span class=\"_ _2\"></span>nly re<span class=\"_ _2\"></span>port<span class=\"_ _2\"></span>able f<span class=\"_ _2\"></span>or t<span class=\"_ _2\"></span>he T<span class=\"_ _2\"></span>ermi<span class=\"_ _2\"></span>nals <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span><span class=\"ws52\">the <span class=\"ls6b wsa7\">Sto<span class=\"_ _1\"></span>lt <span class=\"ls30 ws50\">Sea Farm<span class=\"_ _2\"></span> ope<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ons.<span class=\"_ _2\"></span> <span class=\"ws52\">The </span></span>Stol<span class=\"_ _1\"></span>t <span class=\"ls30 ws52\">Tanke<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\">s,<span class=\"_ _1\"></span> <span class=\"ls53 ws80\">Stolt <span class=\"ls30 ws50\">Tank C<span class=\"_ _2\"></span>ontai<span class=\"_ _2\"></span>ner</span></span>s <span class=\"ls30 ws4f\">and Stolt<span class=\"_ _2\"></span></span>-<span class=\"ls2f ws70\">N<span class=\"_ _1\"></span>iel<span class=\"_ _2\"></span>sen Gas<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">operati<span class=\"_ _2\"></span>ons op<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ate o<span class=\"_ _2\"></span>n </span>a <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">world<span class=\"_ _2\"></span>wide </span></span></span></span></span></span></span></span></span></div><div class=\"t m0 h98 ff8a fs39 fc2 sc0 ls30 ws52 gs13f\">basis<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">and <span class=\"_ _2\"></span>are not <span class=\"_ _2\"></span>restricted <span class=\"_ _2\"></span>to specific l<span class=\"_ _2\"></span>ocations. Acco<span class=\"_ _2\"></span>rdingly, it<span class=\"_ _2\"></span> is not p<span class=\"_ _2\"></span>ossible to a<span class=\"_ _2\"></span>llocate t<span class=\"_ _2\"></span>he assets of<span class=\"_ _2\"></span> these ope<span class=\"_ _2\"></span>rations to s<span class=\"_ _2\"></span><span class=\"ws75\">pecific countries.<span class=\"_ _2\"></span> The total net book value of non<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>nt a<span class=\"_ _2\"></span>ssets f<span class=\"_ _2\"></span>or T<span class=\"_ _2\"></span>ank<span class=\"_ _2\"></span>ers </span></span></span></span></div><div class=\"t m0 h98 ff8a fs39 fc2 sc0 ls30 ws50 gs140\">amounte<span class=\"_ _2\"></span>d t<span class=\"_ _2\"></span>o $<span class=\"ls31 ws53\">2<span class=\"_ _2\"></span>,176.6 <span class=\"_ _1\"></span><span class=\"ls2f ws70\">million a<span class=\"_ _2\"></span>nd <span class=\"ls1 ws0\">$<span class=\"ls31 ws53\">1,878.6</span> <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">million <span class=\"ls30 ws52\">at<span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">Novembe<span class=\"_ _2\"></span>r</span> <span class=\"ls31 ws53\">30, <span class=\"_ _1\"></span>202<span class=\"ls1 ws0\">5 <span class=\"_ _1\"></span><span class=\"ls30 ws52\">and<span class=\"_ _2\"></span> <span class=\"ls31 ws53\">202<span class=\"ls1 ws0\">4<span class=\"_ _1\"></span>, <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">respectively<span class=\"ls1 ws0\">. F<span class=\"_ _1\"></span><span class=\"ls4a ws76\">or <span class=\"ls46 ws6f\">St<span class=\"_ _2\"></span>ol<span class=\"ls55 ws73\">t <span class=\"ls30 ws4f\">Tank Cont<span class=\"_ _2\"></span>aine<span class=\"_ _2\"></span>rs, the<span class=\"_ _2\"></span> total ne<span class=\"_ _2\"></span>t book<span class=\"_ _2\"></span> value of<span class=\"_ _2\"></span> non<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws4f\">cu<span class=\"_ _2\"></span>rrent<span class=\"_ _2\"></span> assets<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws50\">amounted<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> $<span class=\"ls31 ws53\">605.8<span class=\"ls1 ws0\"> <span class=\"ls2f ws75\">million and </span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></div><div class=\"t m0 h98 ff8a fs39 fc2 sc0 ls1 ws0 gs141\">$<span class=\"ls31 ws53\">481.6 <span class=\"_ _3\"></span><span class=\"ls2f ws4e\">m<span class=\"_ _2\"></span>illion <span class=\"ls30 ws52\">at<span class=\"ls1 ws0\"> </span></span><span class=\"ws70\">November 30, <span class=\"ls31 ws53\">202<span class=\"ls1 ws0\">5 <span class=\"_ _1\"></span><span class=\"ls30 ws52\">and<span class=\"_ _2\"></span> <span class=\"ls31 ws53\">202<span class=\"ls1 ws0\">4<span class=\"_ _1\"></span>, <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">respectively.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls46 ws71\">For St<span class=\"_ _2\"></span>olt<span class=\"_ _2\"></span></span>-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">Ni<span class=\"_ _2\"></span>else<span class=\"_ _2\"></span>n Gas,<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> net b<span class=\"_ _2\"></span>ook <span class=\"_ _2\"></span>val<span class=\"_ _2\"></span>ue of<span class=\"_ _2\"></span> non<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws4f\">c<span class=\"_ _2\"></span>urren<span class=\"_ _2\"></span>t asse<span class=\"_ _2\"></span>ts<span class=\"ls1 ws0\"> </span><span class=\"ws50\">amounte<span class=\"_ _2\"></span>d to<span class=\"_ _2\"></span> $<span class=\"ls31 ws53\">451.1<span class=\"ls1 ws0\"> </span></span>millio<span class=\"_ _2\"></span>n and<span class=\"_ _2\"></span> $<span class=\"ls31 ws53\">153.3<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">millio<span class=\"_ _2\"></span>n for the<span class=\"_ _2\"></span> years ended <span class=\"_ _2\"></span><span class=\"ws4e\">November </span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></div><div class=\"t m0 h98 ff8a fs39 fc2 sc0 ls31 ws53 gs142\">30, <span class=\"_ _1\"></span>202<span class=\"ls1 ws0\">5 <span class=\"ls30 ws52\">and <span class=\"_ _1\"></span><span class=\"ls31 ws53\">202<span class=\"ls1 ws0\">4, <span class=\"_ _3\"></span><span class=\"ls2f ws4e\">re<span class=\"_ _2\"></span>spectively.<span class=\"ls1 ws0\"> </span></span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ls31 ws53\"><span class=\"ls1 ws0\"><span class=\"ls2f ws4e\"><span class=\"ls1 ws0\"> </span></span></span></span></span></span></div><div class=\"gs8f\"><table class=\"s w14f h117\" id=\"_cc748660-0db1-4565-a2de-0c0863a9a61a\"><tr><td></td><td class=\"c x2a2 y2b5d w65 h80\"><div class=\"t m0 x184 h82 y1bd2 ff91 fs3b fc2 sc0 ls2d ws4a\">As<span class=\"ls1 ws0\"> <span class=\"ws32\">of November</span> <span class=\"ls1b ws2f\">30</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2b5e w150 h102\"><div class=\"t m0 x245 h82 y29a6 ff91 fs3b fc2 sc0 ls1 ws0\">(in</div><div class=\"t m0 x2b9 h82 y29a7 ff91 fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x2ba h85 y2b5f ff90 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"t m0 x2b8 h82 y2b5f ff91 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2b60 w64 h8c\"><div class=\"t m0 x0 h87 y1cd0 ff90 fs3a fc2 sc0 ls28 ws40\">Non<span class=\"ls1 ws0\">-<span class=\"ls1f ws33\">current As<span class=\"_ _2\"></span>sets:</span></span><span class=\"ls1 ws0\"><span class=\"ls1f ws33\"><span class=\"_ _2\"></span></span> </span></div></td><td></td><td></td></tr><tr><td class=\"c x24b y2b61 w64 h89\"><div class=\"t m0 x0 h88 y1bdc ff91 fs3a fc2 sc0 ls29 ws44\">Terminals:<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x24b y2b62 w64 h86\"><div class=\"t m0 x19a h88 y1bde ff91 fs3a fc2 sc0 ls29 ws44\">US<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b62 w48 h86\"><div class=\"t m0 x180 h87 y1bde ff90 fs3a fc2 sc0 ls21 ws35\">561,<span class=\"_ _2\"></span>715<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2b62 w48 h86\"><div class=\"t m0 x181 h88 y1bde ff91 fs3a fc2 sc0 ls20 ws36\">479,797<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b63 w64 h8c\"><div class=\"t m0 x19a h88 y1be0 ff91 fs3a fc2 sc0 ls24 ws3a\">The Netherlands<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b63 w48 h8c\"><div class=\"t m0 x179 h87 y1be0 ff90 fs3a fc2 sc0 ls23 ws39\">53,802<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2b63 w48 h8c\"><div class=\"t m0 x183 h88 y1be0 ff91 fs3a fc2 sc0 ls20 ws36\">50,662<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b64 w64 h86\"><div class=\"t m0 x19a h88 y1bda ff91 fs3a fc2 sc0 ls22 ws3e\">Singap<span class=\"_ _1\"></span>ore<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b64 w48 h86\"><div class=\"t m0 x180 h87 y1bda ff90 fs3a fc2 sc0 ls21 ws35\">176,<span class=\"_ _2\"></span>257<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2b64 w48 h86\"><div class=\"t m0 x181 h88 y1bda ff91 fs3a fc2 sc0 ls20 ws36\">183,677<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b65 w64 h89\"><div class=\"t m0 x19a h88 y1bdc ff91 fs3a fc2 sc0 ls2e ws4c\">Australia and N<span class=\"_ _2\"></span>ew Zealand<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b65 w48 h89\"><div class=\"t m0 x180 h87 y1bdc ff90 fs3a fc2 sc0 ls21 ws35\">139,<span class=\"_ _2\"></span>528<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2b65 w48 h89\"><div class=\"t m0 x181 h88 y1bdc ff91 fs3a fc2 sc0 ls20 ws36\">139,730<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b66 w64 h8c\"><div class=\"t m0 x19a h88 y1c09 ff91 fs3a fc2 sc0 ls29 ws42\">United Kingdom<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b66 w48 h8c\"><div class=\"t m0 x180 h87 y1c09 ff90 fs3a fc2 sc0 ls21 ws35\">123,<span class=\"_ _2\"></span>389<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2b66 w48 h8c\"><div class=\"t m0 x181 h88 y1c09 ff91 fs3a fc2 sc0 ls20 ws36\">120,629<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b67 w64 h8b\"><div class=\"t m0 x19a h88 y1be4 ff91 fs3a fc2 sc0 ls22 ws3e\">Brazil<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b67 w48 h8b\"><div class=\"t m0 x179 h87 y1be4 ff90 fs3a fc2 sc0 ls23 ws39\">52,122<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2b67 w48 h8b\"><div class=\"t m0 x183 h88 y1be4 ff91 fs3a fc2 sc0 ls20 ws36\">43,771<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b68 w64 h86\"><div class=\"t m0 x19a h88 y1be2 ff91 fs3a fc2 sc0 ls22 ws37\">South Korea<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b68 w48 h86\"><div class=\"t m0 x180 h87 y1be2 ff90 fs3a fc2 sc0 ls21 ws35\">116,<span class=\"_ _2\"></span>225<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2b68 w48 h86\"><div class=\"t m0 x181 h88 y1be2 ff91 fs3a fc2 sc0 ls20 ws36\">118,331<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b69 w64 h8a\"><div class=\"t m0 x19a h88 y1ee3 ff91 fs3a fc2 sc0 ls29 ws44\">Belgium<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b69 w48 h8a\"><div class=\"t m0 x180 h87 y1ee3 ff90 fs3a fc2 sc0 ls21 ws35\">127,<span class=\"_ _2\"></span>296<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2b69 w48 h8a\"><div class=\"t m0 x181 h88 y1ee3 ff91 fs3a fc2 sc0 ls20 ws36\">115,153<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b6a w64 h86\"><div class=\"t m0 x19a h88 y1bea ff91 fs3a fc2 sc0 ls24 ws3b\">China<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b6a w48 h86\"><div class=\"t m0 x179 h87 y1bea ff90 fs3a fc2 sc0 ls23 ws39\">34,527<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2b6a w48 h86\"><div class=\"t m0 x183 h88 y1bea ff91 fs3a fc2 sc0 ls20 ws36\">32,505<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b6b w64 h86\"><div class=\"t m0 x19a h88 y1be8 ff91 fs3a fc2 sc0 ls29 ws44\">Taiwan<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b6b w48 h86\"><div class=\"t m0 x179 h87 y1be8 ff90 fs3a fc2 sc0 ls23 ws39\">30,936<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2b6b w48 h86\"><div class=\"t m0 x183 h88 y1be8 ff91 fs3a fc2 sc0 ls20 ws36\">29,784<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b6c w64 h8a\"><div class=\"t m0 x19a h88 y1c65 ff91 fs3a fc2 sc0 ls24 ws3b\">T\u00fcrkiye<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b6c w48 h8a\"><div class=\"t m0 x179 h87 y1c65 ff90 fs3a fc2 sc0 ls23 ws39\">16,026<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2b6c w48 h8a\"><div class=\"t m0 x184 h88 y1c65 ff91 fs3a fc2 sc0 ls20 ws36\">9,461<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b6d w64 h89\"><div class=\"t m0 x19a h88 y1be8 ff91 fs3a fc2 sc0 ls2a ws45\">Othe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b6d w48 h89\"><div class=\"t m0 x179 h87 y1be8 ff90 fs3a fc2 sc0 ls23 ws39\">13,101<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2b6d w48 h89\"><div class=\"t m0 x183 h88 y1be8 ff91 fs3a fc2 sc0 ls20 ws36\">10,668<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2a2 y2b6e w48 h86\"><div class=\"t m0 x17a h87 y1c4c ff90 fs3a fc2 sc0 ls21 ws35\">1,44<span class=\"_ _2\"></span>4,924<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2b6e w48 h86\"><div class=\"t m0 x17b h88 y1c4c ff91 fs3a fc2 sc0 ls20 ws36\">1,334,168<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b6f w64 h8a\"><div class=\"t m0 x0 h88 y1c3f ff91 fs3a fc2 sc0 ls37 wsa5\">Stolt Sea Farm:<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x24b y2b70 w64 h86\"><div class=\"t m0 x19a h88 y1bf4 ff91 fs3a fc2 sc0 ls20 ws36\">Spain<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b70 w48 h86\"><div class=\"t m0 x179 h87 y1bf4 ff90 fs3a fc2 sc0 ls23 ws39\">61,891<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2b70 w48 h86\"><div class=\"t m0 x183 h88 y1bf4 ff91 fs3a fc2 sc0 ls20 ws36\">54,181<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b71 w64 h86\"><div class=\"t m0 x19a h88 y1bfa ff91 fs3a fc2 sc0 ls22 ws3e\">Norway<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b71 w48 h86\"><div class=\"t m0 x177 h87 y1bfa ff90 fs3a fc2 sc0 ls21 ws35\">938<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2b71 w48 h86\"><div class=\"t m0 x1a0 h88 y1bfa ff91 fs3a fc2 sc0 ls20 ws36\">753<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b72 w64 ha4\"><div class=\"t m0 x19a h88 y1bff ff91 fs3a fc2 sc0 ls22 ws3e\">Portugal<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b72 w48 ha4\"><div class=\"t m0 x179 h87 y1bff ff90 fs3a fc2 sc0 ls23 ws39\">25,982<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2b72 w48 ha4\"><div class=\"t m0 x183 h88 y1bff ff91 fs3a fc2 sc0 ls20 ws36\">13,943<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b73 w64 h86\"><div class=\"t m0 x19a h88 y1bfa ff91 fs3a fc2 sc0 ls24 ws3b\">Iceland<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b73 w48 h86\"><div class=\"t m0 x185 h87 y1bfa ff90 fs3a fc2 sc0 ls21 ws35\">8,91<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2b73 w48 h86\"><div class=\"t m0 x184 h88 y1bfa ff91 fs3a fc2 sc0 ls20 ws36\">8,859<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b74 w64 h86\"><div class=\"t m0 x19a h88 y1bf8 ff91 fs3a fc2 sc0 ls2e ws5c\">France<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b74 w48 h86\"><div class=\"t m0 x177 h87 y1bf8 ff90 fs3a fc2 sc0 ls21 ws35\">853<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2b74 w48 h86\"><div class=\"t m0 x1a0 h88 y1bf8 ff91 fs3a fc2 sc0 ls20 ws36\">975 <span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2a2 y2b75 w48 h86\"><div class=\"t m0 x179 h87 y1bde ff90 fs3a fc2 sc0 ls23 ws39\">98,582<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2b75 w48 h86\"><div class=\"t m0 x183 h88 y1bde ff91 fs3a fc2 sc0 ls20 ws36\">78,711<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 h98 ff91 fs39 fc2 sc0 ls30 ws50 gs144\">The Gr<span class=\"_ _2\"></span>oup h<span class=\"_ _2\"></span>as n<span class=\"_ _2\"></span>o ma<span class=\"_ _2\"></span>terial<span class=\"_ _2\"></span> <span class=\"ws52\">ope<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ng </span>revenue<span class=\"_ _2\"></span> o<span class=\"_ _2\"></span>r non<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>nt ass<span class=\"_ _2\"></span>ets <span class=\"_ _2\"></span>in Be<span class=\"_ _2\"></span>rmuda<span class=\"_ _2\"></span>, it<span class=\"_ _2\"></span>s co<span class=\"_ _2\"></span>untry<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 h98 ff91 fs39 fc2 sc0 ls2f ws70 gs145\">of domicile.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-668": {
   "value": "The Gr<span class=\"_ _2\"></span>oup h<span class=\"_ _2\"></span>as f<span class=\"_ _2\"></span><span class=\"ls53 ws80\">ive<span class=\"ls1 ws0\"> </span></span>repo<span class=\"_ _2\"></span>rtabl<span class=\"_ _2\"></span>e se<span class=\"_ _2\"></span>gme<span class=\"_ _2\"></span>nts<span class=\"ls1 ws0\">: <span class=\"_ _1\"></span><span class=\"ls30 ws52\">Tank<span class=\"_ _2\"></span>ers<span class=\"_ _2\"></span>, <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">Te<span class=\"_ _2\"></span>rminals, <span class=\"ls30 ws4f\">Tank<span class=\"_ _2\"></span> Contai<span class=\"_ _2\"></span>ners<span class=\"_ _2\"></span>, Stol<span class=\"_ _2\"></span>t Sea Farm<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws50\">and Stol<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\">-</span></span></span><span class=\"ws75\">Nielsen Gas<span class=\"ws70\">. The n<span class=\"_ _2\"></span>ature of <span class=\"_ _2\"></span>these segments i<span class=\"_ _2\"></span>s described<span class=\"_ _2\"></span> in Note 1.<span class=\"_ _2\"></span> Reportable <span class=\"_ _2\"></span>segments ar<span class=\"_ _2\"></span>e </span></span></span></span></span>defined as compo<span class=\"_ _2\"></span>nents of a<span class=\"_ _2\"></span>n enterprise<span class=\"_ _2\"></span> <span class=\"ws4e\">for<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">which s<span class=\"_ _2\"></span>epar<span class=\"_ _2\"></span>ate f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>ncial i<span class=\"_ _2\"></span>nf<span class=\"_ _2\"></span>ormati<span class=\"_ _2\"></span>on i<span class=\"_ _2\"></span>s av<span class=\"_ _2\"></span>ailab<span class=\"_ _2\"></span>le th<span class=\"_ _2\"></span>at i<span class=\"_ _2\"></span>s eval<span class=\"_ _2\"></span>uate<span class=\"_ _2\"></span>d reg<span class=\"_ _2\"></span>ula<span class=\"_ _2\"></span>rly by<span class=\"_ _2\"></span> the c<span class=\"_ _2\"></span>hief<span class=\"_ _2\"></span> oper<span class=\"_ _2\"></span>ating<span class=\"_ _2\"></span> dec<span class=\"_ _2\"></span>ision<span class=\"_ _2\"></span></span> <span class=\"ls30 ws50\">maker i<span class=\"_ _2\"></span>n d<span class=\"_ _2\"></span>eci<span class=\"_ _2\"></span>ding <span class=\"_ _2\"></span>how to<span class=\"_ _2\"></span> all<span class=\"_ _2\"></span>ocate<span class=\"_ _2\"></span> reso<span class=\"_ _2\"></span>urces<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span></span> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">i<span class=\"_ _2\"></span>n </span></span></span>asses<span class=\"_ _2\"></span>sing p<span class=\"_ _2\"></span>erfo<span class=\"_ _2\"></span>rma<span class=\"_ _2\"></span>nce. T<span class=\"_ _2\"></span>he<span class=\"ls1 ws0\"> </span><span class=\"ff79 ws52\">Comp<span class=\"_ _2\"></span>any\u2019s </span><span class=\"ls1 ws0\">e<span class=\"_ _1\"></span><span class=\"ls53 ws80\">xec<span class=\"_ _2\"></span>uti<span class=\"_ _2\"></span>ve <span class=\"ls1 ws0\">m<span class=\"_ _1\"></span><span class=\"ls30 ws52\">an<span class=\"_ _2\"></span>agemen<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\"> </span>team<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">has been ide<span class=\"_ _2\"></span>ntified as t<span class=\"_ _2\"></span>he chief oper<span class=\"_ _2\"></span>ating decision<span class=\"_ _2\"></span> m</span></span>ake<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> <span class=\"ls48 ws72\">as <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">it<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">di<span class=\"_ _2\"></span>rect<span class=\"_ _2\"></span><span class=\"ls1 ws0\">s <span class=\"_ _1\"></span><span class=\"ls30 ws50\">the<span class=\"_ _2\"></span> alloc<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n of <span class=\"_ _2\"></span>reso<span class=\"_ _2\"></span>urces<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span>oper<span class=\"_ _2\"></span>ating <span class=\"_ _2\"></span>segm<span class=\"_ _2\"></span>ents b<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span>d on </span></span></span></span></span></span></span></span></span></span>the net<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">profit (loss) o<span class=\"_ _2\"></span>f each resp<span class=\"_ _2\"></span>ective segmen<span class=\"_ _2\"></span>t. </span> </span>The C<span class=\"_ _2\"></span>orpor<span class=\"_ _2\"></span>ate a<span class=\"_ _2\"></span>nd O<span class=\"_ _2\"></span>ther<span class=\"_ _2\"></span> categ<span class=\"_ _2\"></span>ory i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>es c<span class=\"_ _2\"></span>orp<span class=\"_ _2\"></span>orate<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2f ws70\">r<span class=\"_ _2\"></span>elated item<span class=\"_ _2\"></span>s<span class=\"ls30 ws50\">, suc<span class=\"_ _2\"></span>h as<span class=\"_ _2\"></span> prof<span class=\"_ _2\"></span>it s<span class=\"_ _2\"></span>haring<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ng<span class=\"ls1 ws0\">-</span>term ince<span class=\"_ _2\"></span>nti<span class=\"_ _2\"></span>ve ex<span class=\"_ _2\"></span>pense<span class=\"_ _2\"></span>s for<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span>,<span class=\"ls1 ws0\"> </span>and t<span class=\"_ _2\"></span>he re<span class=\"_ _2\"></span>sult<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> othe<span class=\"_ _2\"></span>r insi<span class=\"_ _2\"></span>gnifi<span class=\"_ _2\"></span>can<span class=\"_ _2\"></span>t ope<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ons <span class=\"_ _2\"></span>not rep<span class=\"_ _2\"></span>ortab<span class=\"_ _2\"></span>le </span></span></span>under <span class=\"_ _2\"></span>othe<span class=\"_ _2\"></span>r segm<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span>The b<span class=\"_ _2\"></span>asis o<span class=\"_ _2\"></span>f me<span class=\"_ _2\"></span>asure<span class=\"_ _2\"></span>ment <span class=\"_ _2\"></span>and<span class=\"_ _2\"></span> accou<span class=\"_ _2\"></span>nting<span class=\"_ _2\"></span> pol<span class=\"_ _2\"></span>icie<span class=\"_ _2\"></span>s of <span class=\"_ _2\"></span>the re<span class=\"_ _2\"></span>por<span class=\"_ _2\"></span>tabl<span class=\"_ _2\"></span>e seg<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> same<span class=\"_ _2\"></span> as <span class=\"_ _2\"></span>those<span class=\"_ _2\"></span> desc<span class=\"_ _2\"></span>ribe<span class=\"_ _2\"></span>d in<span class=\"_ _2\"></span> Note<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> 2<span class=\"_ _1\"></span> <span class=\"ls30 ws50\">and i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he foot<span class=\"_ _2\"></span>notes<span class=\"_ _2\"></span> tha<span class=\"_ _2\"></span>t sup<span class=\"_ _2\"></span>port<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span><span class=\"ws4f\">Fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al Sta<span class=\"_ _2\"></span>tement<span class=\"_ _2\"></span>s<span class=\"ls53 ws32\">. In<span class=\"_ _2\"></span>ter</span></span></span>-<span class=\"ls2f ws70\">segment sales<span class=\"_ _2\"></span> </span></span>and t<span class=\"_ _2\"></span>ransfe<span class=\"_ _2\"></span>rs a<span class=\"_ _2\"></span>re no<span class=\"_ _2\"></span>t si<span class=\"_ _2\"></span>gnif<span class=\"_ _2\"></span>icant<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> have<span class=\"_ _2\"></span> been<span class=\"_ _2\"></span> elim<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>ted and<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">not included i<span class=\"_ _2\"></span>n the f<span class=\"_ _2\"></span>ollowing table.<span class=\"_ _2\"></span> Indirect co<span class=\"_ _2\"></span>sts and a<span class=\"_ _2\"></span>ssets have b<span class=\"_ _2\"></span>een apportioned<span class=\"_ _2\"></span> between</span> </span>the<span class=\"_ _2\"></span> seg<span class=\"_ _2\"></span>ments o<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup o<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> bas<span class=\"_ _2\"></span>is<span class=\"ls1 ws0\"> <span class=\"ls4a ws76\">of </span></span>corres<span class=\"_ _2\"></span>pondi<span class=\"_ _2\"></span>ng di<span class=\"_ _2\"></span>rect<span class=\"_ _2\"></span> cos<span class=\"_ _2\"></span>ts a<span class=\"_ _2\"></span>nd a<span class=\"_ _2\"></span>ssets.<span class=\"_ _2\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-601": {
   "value": "The following <span class=\"_ _2\"></span>table sets o<span class=\"_ _2\"></span>ut non<span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">curre<span class=\"_ _2\"></span>nt <span class=\"_ _2\"></span>assets<span class=\"_ _2\"></span> excl<span class=\"_ _2\"></span>uding<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ng</span>-</span>term deferred inc<span class=\"_ _2\"></span>ome tax ass<span class=\"_ _2\"></span>ets and long<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">te<span class=\"_ _2\"></span>rm pe<span class=\"_ _2\"></span>nsi<span class=\"_ _2\"></span>on a<span class=\"_ _2\"></span>ssets b<span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>country<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>r t<span class=\"_ _2\"></span>he <span class=\"ls2f ws75\">report<span class=\"_ _2\"></span>able segments. Non<span class=\"ls1 ws0\">-</span></span>current<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>ets i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>e p<span class=\"_ _2\"></span>ropert<span class=\"_ _2\"></span>y, </span></span>plant <span class=\"_ _2\"></span>and<span class=\"_ _2\"></span> equip<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>, <span class=\"ws52\">rig<span class=\"_ _2\"></span>ht<span class=\"ls1 ws0\">-<span class=\"ls60 ws4f\">of</span>-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">use as<span class=\"_ _2\"></span>set<span class=\"_ _2\"></span>s, i<span class=\"_ _2\"></span>ntangi<span class=\"_ _2\"></span>ble a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span>s, i<span class=\"_ _2\"></span>nves<span class=\"_ _2\"></span>tment<span class=\"_ _2\"></span>s in <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>adva<span class=\"_ _2\"></span>nces t<span class=\"_ _2\"></span>o joi<span class=\"_ _2\"></span>nt <span class=\"_ _2\"></span>vent<span class=\"_ _2\"></span>ures<span class=\"_ _2\"></span> <span class=\"ws52\">and<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">associates<span class=\"_ _2\"></span><span class=\"ws70\">, investment in<span class=\"_ _2\"></span> equity <span class=\"ls61 ws96\">a<span class=\"_ _2\"></span>nd debt </span></span></span></span>ins<span class=\"_ _2\"></span>trum<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>and cer<span class=\"_ _2\"></span>tain <span class=\"_ _2\"></span>other<span class=\"_ _2\"></span> non<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws52\">c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>nt asset<span class=\"_ _2\"></span>s<span class=\"ls4c ws79\">. <span class=\"ls1 ws0\"> </span></span></span></span></span></span></span>Non<span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">curre<span class=\"_ _2\"></span>nt as<span class=\"_ _2\"></span>sets<span class=\"_ _2\"></span> by c<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span>ry a<span class=\"_ _2\"></span>re o<span class=\"_ _2\"></span>nly re<span class=\"_ _2\"></span>port<span class=\"_ _2\"></span>able f<span class=\"_ _2\"></span>or t<span class=\"_ _2\"></span>he T<span class=\"_ _2\"></span>ermi<span class=\"_ _2\"></span>nals <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span><span class=\"ws52\">the <span class=\"ls6b wsa7\">Sto<span class=\"_ _1\"></span>lt <span class=\"ls30 ws50\">Sea Farm<span class=\"_ _2\"></span> ope<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ons.<span class=\"_ _2\"></span> <span class=\"ws52\">The </span></span>Stol<span class=\"_ _1\"></span>t <span class=\"ls30 ws52\">Tanke<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\">s,<span class=\"_ _1\"></span> <span class=\"ls53 ws80\">Stolt <span class=\"ls30 ws50\">Tank C<span class=\"_ _2\"></span>ontai<span class=\"_ _2\"></span>ner</span></span>s <span class=\"ls30 ws4f\">and Stolt<span class=\"_ _2\"></span></span>-<span class=\"ls2f ws70\">N<span class=\"_ _1\"></span>iel<span class=\"_ _2\"></span>sen Gas<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">operati<span class=\"_ _2\"></span>ons op<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ate o<span class=\"_ _2\"></span>n </span>a <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">world<span class=\"_ _2\"></span>wide </span></span></span></span></span></span></span></span></span>basis<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">and <span class=\"_ _2\"></span>are not <span class=\"_ _2\"></span>restricted <span class=\"_ _2\"></span>to specific l<span class=\"_ _2\"></span>ocations. Acco<span class=\"_ _2\"></span>rdingly, it<span class=\"_ _2\"></span> is not p<span class=\"_ _2\"></span>ossible to a<span class=\"_ _2\"></span>llocate t<span class=\"_ _2\"></span>he assets of<span class=\"_ _2\"></span> these ope<span class=\"_ _2\"></span>rations to s<span class=\"_ _2\"></span><span class=\"ws75\">pecific countries.<span class=\"_ _2\"></span> The total net book value of non<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>nt a<span class=\"_ _2\"></span>ssets f<span class=\"_ _2\"></span>or T<span class=\"_ _2\"></span>ank<span class=\"_ _2\"></span>ers </span></span></span></span>amounte<span class=\"_ _2\"></span>d t<span class=\"_ _2\"></span>o $<span class=\"ls31 ws53\">2<span class=\"_ _2\"></span>,176.6 <span class=\"_ _1\"></span><span class=\"ls2f ws70\">million a<span class=\"_ _2\"></span>nd <span class=\"ls1 ws0\">$<span class=\"ls31 ws53\">1,878.6</span> <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">million <span class=\"ls30 ws52\">at<span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">Novembe<span class=\"_ _2\"></span>r</span> <span class=\"ls31 ws53\">30, <span class=\"_ _1\"></span>202<span class=\"ls1 ws0\">5 <span class=\"_ _1\"></span><span class=\"ls30 ws52\">and<span class=\"_ _2\"></span> <span class=\"ls31 ws53\">202<span class=\"ls1 ws0\">4<span class=\"_ _1\"></span>, <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">respectively<span class=\"ls1 ws0\">. F<span class=\"_ _1\"></span><span class=\"ls4a ws76\">or <span class=\"ls46 ws6f\">St<span class=\"_ _2\"></span>ol<span class=\"ls55 ws73\">t <span class=\"ls30 ws4f\">Tank Cont<span class=\"_ _2\"></span>aine<span class=\"_ _2\"></span>rs, the<span class=\"_ _2\"></span> total ne<span class=\"_ _2\"></span>t book<span class=\"_ _2\"></span> value of<span class=\"_ _2\"></span> non<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws4f\">cu<span class=\"_ _2\"></span>rrent<span class=\"_ _2\"></span> assets<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws50\">amounted<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> $<span class=\"ls31 ws53\">605.8<span class=\"ls1 ws0\"> <span class=\"ls2f ws75\">million and </span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span>$<span class=\"ls31 ws53\">481.6 <span class=\"_ _3\"></span><span class=\"ls2f ws4e\">m<span class=\"_ _2\"></span>illion <span class=\"ls30 ws52\">at<span class=\"ls1 ws0\"> </span></span><span class=\"ws70\">November 30, <span class=\"ls31 ws53\">202<span class=\"ls1 ws0\">5 <span class=\"_ _1\"></span><span class=\"ls30 ws52\">and<span class=\"_ _2\"></span> <span class=\"ls31 ws53\">202<span class=\"ls1 ws0\">4<span class=\"_ _1\"></span>, <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">respectively.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls46 ws71\">For St<span class=\"_ _2\"></span>olt<span class=\"_ _2\"></span></span>-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">Ni<span class=\"_ _2\"></span>else<span class=\"_ _2\"></span>n Gas,<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> net b<span class=\"_ _2\"></span>ook <span class=\"_ _2\"></span>val<span class=\"_ _2\"></span>ue of<span class=\"_ _2\"></span> non<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws4f\">c<span class=\"_ _2\"></span>urren<span class=\"_ _2\"></span>t asse<span class=\"_ _2\"></span>ts<span class=\"ls1 ws0\"> </span><span class=\"ws50\">amounte<span class=\"_ _2\"></span>d to<span class=\"_ _2\"></span> $<span class=\"ls31 ws53\">451.1<span class=\"ls1 ws0\"> </span></span>millio<span class=\"_ _2\"></span>n and<span class=\"_ _2\"></span> $<span class=\"ls31 ws53\">153.3<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">millio<span class=\"_ _2\"></span>n for the<span class=\"_ _2\"></span> years ended <span class=\"_ _2\"></span><span class=\"ws4e\">November </span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span>30, <span class=\"_ _1\"></span>202<span class=\"ls1 ws0\">5 <span class=\"ls30 ws52\">and <span class=\"_ _1\"></span><span class=\"ls31 ws53\">202<span class=\"ls1 ws0\">4, <span class=\"_ _3\"></span><span class=\"ls2f ws4e\">re<span class=\"_ _2\"></span>spectively.<span class=\"ls1 ws0\"> </span></span></span></span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-575": {
   "value": "4.<span class=\"ls1 ws0\"> Operat<span class=\"ls6c wsa8\">ing</span> Revenue </span>Acc<span class=\"_ _3\"></span>ounti<span class=\"_ _1\"></span>ng <span class=\"_ _1\"></span><span class=\"ls1 ws0\">p<span class=\"ls6d wsa9\">olic<span class=\"_ _1\"></span>y<span class=\"ls1 ws0\"> </span></span></span>Oper<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng re<span class=\"_ _2\"></span>ven<span class=\"_ _2\"></span>ue <span class=\"ls2f ws2f\">is rec<span class=\"_ _2\"></span>ognised <span class=\"_ _2\"></span>when performance oblig<span class=\"_ _2\"></span>ations <span class=\"_ _2\"></span>are met, which<span class=\"_ _2\"></span> transfer the<span class=\"_ _2\"></span> control of<span class=\"_ _2\"></span> </span>goods <span class=\"_ _2\"></span>or pr<span class=\"_ _2\"></span>ovide <span class=\"_ _2\"></span>service<span class=\"_ _2\"></span>s to t<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>ustome<span class=\"_ _2\"></span>r, at<span class=\"_ _2\"></span> an <span class=\"ls49 ws78\">am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> <span class=\"wsaa\">that r<span class=\"_ _2\"></span>efl<span class=\"_ _2\"></span>ect<span class=\"_ _2\"></span>s the<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>nsid<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ion t<span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>whic<span class=\"_ _2\"></span>h th<span class=\"_ _2\"></span>e </span></span>Group exp<span class=\"_ _2\"></span>ects to b<span class=\"_ _2\"></span>e entit<span class=\"_ _2\"></span>led in <span class=\"_ _2\"></span>exchange<span class=\"_ _2\"></span> for th<span class=\"_ _2\"></span>ose good<span class=\"_ _2\"></span>s or ser<span class=\"_ _2\"></span>vices, n<span class=\"_ _2\"></span>et of di<span class=\"_ _2\"></span>scounts<span class=\"_ _2\"></span><span class=\"ls49 ws7c\">, age<span class=\"_ _2\"></span>ncy<span class=\"_ _2\"></span> </span>commi<span class=\"_ _2\"></span>ssion<span class=\"_ _2\"></span> fee<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">and sal<span class=\"_ _2\"></span>es t<span class=\"_ _2\"></span>axe<span class=\"_ _2\"></span>s.</span> </span>C<span class=\"ls49 wsaa\">osts to<span class=\"_ _2\"></span> obt<span class=\"_ _2\"></span>ain <span class=\"_ _2\"></span>a con<span class=\"_ _2\"></span>tra<span class=\"_ _2\"></span>ct</span> <span class=\"ls49 ws78\">are <span class=\"ls48 ws32\">immedi<span class=\"_ _2\"></span>ately exp<span class=\"_ _2\"></span>ensed w<span class=\"_ _2\"></span>hen the r<span class=\"_ _2\"></span>elated r<span class=\"_ _2\"></span>evenue is<span class=\"_ _2\"></span> expected<span class=\"_ _2\"></span> to be </span></span>recognised<span class=\"_ _2\"></span> within one year. <span class=\"ls1 ws0\"> </span>(i) T<span class=\"_ _2\"></span>anke<span class=\"_ _2\"></span>rs<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Oper<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng r<span class=\"ls48 ws32\">ev<span class=\"_ _2\"></span>enue is<span class=\"_ _2\"></span> recogni<span class=\"_ _2\"></span>sed upo<span class=\"_ _2\"></span>n delivery <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>services i<span class=\"_ _2\"></span>n accor<span class=\"_ _2\"></span>dance wit<span class=\"_ _2\"></span>h the t<span class=\"_ _2\"></span>erms <span class=\"_ _2\"></span>and </span>condit<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>ns of<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e co<span class=\"_ _2\"></span>ntr<span class=\"_ _2\"></span>act <span class=\"_ _2\"></span>of af<span class=\"_ _2\"></span>fre<span class=\"_ _2\"></span>ight<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">or</span> </span>spot co<span class=\"_ _2\"></span>ntr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws92\">and such </span></span><span class=\"ws78\">service<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">are perfo<span class=\"_ _2\"></span>rmed over<span class=\"_ _2\"></span> </span></span></span>time<span class=\"_ _2\"></span>. For<span class=\"_ _2\"></span> voy<span class=\"_ _2\"></span>age<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>n pro<span class=\"_ _2\"></span>gre<span class=\"_ _2\"></span>ss at<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> end<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>a pe<span class=\"_ _2\"></span>rio<span class=\"_ _2\"></span>d, the<span class=\"_ _2\"></span> unc<span class=\"_ _2\"></span>ert<span class=\"_ _2\"></span>aint<span class=\"_ _2\"></span>y a<span class=\"_ _2\"></span>nd t<span class=\"_ _2\"></span>he dep<span class=\"_ _2\"></span>end<span class=\"_ _2\"></span>enc<span class=\"_ _2\"></span>e on<span class=\"_ _2\"></span> estim<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> gr<span class=\"_ _2\"></span>eater<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>an f<span class=\"_ _2\"></span>or f<span class=\"_ _2\"></span>inal<span class=\"_ _2\"></span>ised<span class=\"_ _2\"></span> voy<span class=\"_ _2\"></span>age<span class=\"_ _2\"></span>s. T<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>ses <span class=\"_ _2\"></span>a pe<span class=\"_ _2\"></span>rce<span class=\"_ _2\"></span>ntag<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>esti<span class=\"_ _2\"></span>mat<span class=\"_ _2\"></span>ed reve<span class=\"_ _2\"></span>nue f<span class=\"_ _2\"></span>or t<span class=\"_ _2\"></span>he v<span class=\"_ _2\"></span>oy<span class=\"_ _2\"></span>age e<span class=\"_ _2\"></span>qual<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he p<span class=\"_ _2\"></span>erc<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>a<span class=\"ls61 wsac\">ge of t<span class=\"_ _2\"></span>he estimated duratio<span class=\"_ _2\"></span>n of the </span><span class=\"ws78\">voy<span class=\"_ _2\"></span>age<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls48 ws7d\">completed at </span></span></span>the bal<span class=\"_ _2\"></span>ance sheet d<span class=\"_ _2\"></span>ate. <span class=\"ws72\">D<span class=\"_ _2\"></span>emurr<span class=\"ls49 wsaa\">a<span class=\"_ _2\"></span>ge and<span class=\"_ _2\"></span> ot<span class=\"_ _2\"></span>her<span class=\"_ _2\"></span> reve<span class=\"_ _2\"></span>nue<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e unc<span class=\"_ _2\"></span>ert<span class=\"_ _2\"></span>ain<span class=\"_ _2\"></span> elem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> reve<span class=\"_ _2\"></span>nue <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>are<span class=\"_ _2\"></span> </span></span>recog<span class=\"_ _2\"></span>nis<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>when<span class=\"_ _2\"></span> incur<span class=\"_ _2\"></span>red<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span>nd ge<span class=\"_ _2\"></span>neral<span class=\"_ _2\"></span>ly i<span class=\"_ _2\"></span>nvoic<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>at t<span class=\"_ _2\"></span>he e<span class=\"_ _2\"></span>nd <span class=\"_ _2\"></span>of th<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> </span><span class=\"ws78\">mont<span class=\"_ _2\"></span>h.<span class=\"ls1 ws0\"> </span></span>The Group oper<span class=\"_ _2\"></span>ates the Stolt<span class=\"_ _2\"></span> Tankers Joi<span class=\"_ _2\"></span>nt Service (<span class=\"ls46 ws6f\">S<span class=\"_ _2\"></span>TJS<span class=\"_ _2\"></span><span class=\"ls1 ws0\">) <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">and<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Sto<span class=\"_ _2\"></span>lt <span class=\"_ _2\"></span>NYK As<span class=\"_ _2\"></span>ia <span class=\"_ _2\"></span>Paci<span class=\"_ _2\"></span>fic<span class=\"_ _2\"></span> Ser<span class=\"_ _2\"></span>vic<span class=\"_ _2\"></span>e </span></span></span>Pool (S<span class=\"_ _2\"></span>NAPS P<span class=\"_ _2\"></span>ool)<span class=\"_ _2\"></span><span class=\"ls4b ws77\">, <span class=\"ls2f ws92\">which are <span class=\"ls49 ws78\">arrang<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span></span></span></span><span class=\"ls1\">s <span class=\"_ _1\"></span><span class=\"ls54 ws70\">in which t<span class=\"_ _2\"></span>he Group acts as the principal for t<span class=\"_ _2\"></span>he delivery </span></span>of se<span class=\"_ _2\"></span>rvic<span class=\"_ _2\"></span>es a<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span> provi<span class=\"_ _2\"></span>de<span class=\"_ _2\"></span>s the<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ord<span class=\"_ _2\"></span>inate<span class=\"_ _2\"></span>d mar<span class=\"_ _2\"></span>ket<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span>, op<span class=\"_ _2\"></span>erati<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n and<span class=\"_ _2\"></span> admi<span class=\"_ _2\"></span>nist<span class=\"_ _2\"></span>rat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> of d<span class=\"_ _2\"></span>eep<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span><span class=\"ws78\">sea </span>inter<span class=\"_ _2\"></span>con<span class=\"_ _2\"></span>tine<span class=\"_ _2\"></span>ntal<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"wsaa\">and r<span class=\"_ _2\"></span>egio<span class=\"_ _2\"></span>nal<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">parcel tank<span class=\"_ _2\"></span>ers owned or c<span class=\"_ _2\"></span>hartered by <span class=\"_ _2\"></span>the Group.<span class=\"_ _2\"></span> As the Gro<span class=\"_ _2\"></span>up acts as </span></span></span>the p<span class=\"_ _2\"></span>rinci<span class=\"_ _2\"></span>pal<span class=\"_ _2\"></span> in <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> arr<span class=\"_ _2\"></span>ange<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>, <span class=\"_ _2\"></span>all re<span class=\"_ _2\"></span>ven<span class=\"_ _2\"></span>ue r<span class=\"_ _2\"></span>el<span class=\"_ _2\"></span>ating<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls61 ws89\">the<span class=\"ls1 ws0\"> <span class=\"ls46 ws6f\">ST<span class=\"_ _2\"></span>JS</span> <span class=\"ls49 ws7c\">and SNA<span class=\"_ _2\"></span>PS Po<span class=\"_ _2\"></span>ol are</span> <span class=\"ls49 wsaa\">rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>a </span></span></span></span>gros<span class=\"_ _2\"></span>s basi<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he in<span class=\"_ _2\"></span>come<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent.<span class=\"_ _2\"></span> Ce<span class=\"_ _2\"></span>rtai<span class=\"_ _2\"></span>n s<span class=\"_ _2\"></span>hips<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> ar<span class=\"_ _2\"></span>e not<span class=\"_ _2\"></span> ow<span class=\"_ _2\"></span>ned b<span class=\"_ _2\"></span>y t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> ar<span class=\"_ _2\"></span>e tim<span class=\"_ _2\"></span>e chartered by th<span class=\"_ _2\"></span>e Group fr<span class=\"_ _2\"></span>om participants<span class=\"_ _2\"></span> in <span class=\"ls46 ws6f\">ST<span class=\"_ _2\"></span>JS<span class=\"ls1 ws0\"> <span class=\"ls53\">and the<span class=\"_ _2\"></span> SNAPS<span class=\"_ _2\"></span> Pool</span></span></span>.<span class=\"_ _2\"></span> The time<span class=\"_ _2\"></span> charter <span class=\"ls49 ws78\">e<span class=\"_ _2\"></span>xpe<span class=\"_ _2\"></span>nse<span class=\"ls1 ws0\"> <span class=\"ls54 ws83\">is </span></span></span>calc<span class=\"_ _2\"></span>ulat<span class=\"_ _2\"></span>ed b<span class=\"_ _2\"></span>ased<span class=\"_ _2\"></span> upo<span class=\"_ _2\"></span>n th<span class=\"_ _2\"></span>e co<span class=\"_ _2\"></span>mbi<span class=\"_ _2\"></span>ned <span class=\"_ _2\"></span>oper<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng r<span class=\"_ _2\"></span>even<span class=\"_ _2\"></span>ue of<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e s<span class=\"_ _2\"></span>hip<span class=\"_ _2\"></span>s <span class=\"ws78\">that<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls54 ws70\">participate in the <span class=\"ls46 ws6f\">ST<span class=\"_ _2\"></span>JS</span></span> </span>and </span>SNAPS P<span class=\"_ _2\"></span>ool <span class=\"ls48 ws32\">le<span class=\"_ _2\"></span>ss combi<span class=\"_ _2\"></span>ned voy<span class=\"_ _2\"></span>age expe<span class=\"_ _2\"></span>nses, o<span class=\"_ _2\"></span>verhead c<span class=\"_ _2\"></span>osts, <span class=\"_ _2\"></span><span class=\"ls49 ws78\">and</span></span><span class=\"ls1\"> <span class=\"ls54 ws70\">commissions to outside brokers </span></span>and <span class=\"_ _2\"></span>upon e<span class=\"_ _2\"></span>ac<span class=\"_ _2\"></span>h ship<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s carg<span class=\"_ _2\"></span>o c<span class=\"_ _2\"></span>apa<span class=\"_ _2\"></span>city,<span class=\"_ _2\"></span> its<span class=\"_ _2\"></span> numb<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span> of op<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ating<span class=\"_ _2\"></span> day<span class=\"_ _2\"></span>s d<span class=\"_ _2\"></span>uring<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> per<span class=\"_ _2\"></span>iod<span class=\"_ _2\"></span>, and<span class=\"_ _2\"></span> it<span class=\"_ _2\"></span>s assig<span class=\"_ _2\"></span>ned<span class=\"ls1 ws0\"> </span><span class=\"wsaa\">ear<span class=\"_ _2\"></span>ning<span class=\"_ _2\"></span>s f<span class=\"_ _2\"></span>ac<span class=\"ls53 ws80\">tor.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span>(ii<span class=\"_ _2\"></span>) Termi<span class=\"_ _2\"></span>nal<span class=\"_ _2\"></span>s <span class=\"ls1 ws0\"> </span>Tank <span class=\"_ _2\"></span>stor<span class=\"_ _2\"></span>age<span class=\"_ _2\"></span> rent<span class=\"_ _2\"></span>als<span class=\"_ _2\"></span>, i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> mini<span class=\"_ _2\"></span>mum<span class=\"_ _2\"></span> gua<span class=\"_ _2\"></span>rante<span class=\"_ _2\"></span>ed t<span class=\"_ _2\"></span>hro<span class=\"_ _2\"></span>ugh<span class=\"_ _2\"></span>puts<span class=\"_ _2\"></span>, ar<span class=\"_ _2\"></span>e re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>nised<span class=\"_ _2\"></span> o<span class=\"_ _2\"></span>ver t<span class=\"_ _2\"></span>he contractual peri<span class=\"_ _2\"></span>od during whic<span class=\"_ _2\"></span>h the service<span class=\"_ _2\"></span>s are rendered. T<span class=\"_ _2\"></span>hese c<span class=\"_ _2\"></span>harges are mostl<span class=\"_ _2\"></span>y <span class=\"ls49 wsaa\">due<span class=\"_ _2\"></span> at t<span class=\"_ _2\"></span>he </span>beginning of<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls4b ws49\">t<span class=\"_ _2\"></span>he mo<span class=\"_ _2\"></span>nth t<span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>which <span class=\"_ _2\"></span>such <span class=\"_ _2\"></span>char<span class=\"_ _2\"></span>ges r<span class=\"_ _2\"></span>elat<span class=\"_ _2\"></span>e. <span class=\"ls49 ws7c\">O<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng r<span class=\"wsaa\">e<span class=\"_ _2\"></span>venu<span class=\"_ _2\"></span>e fro<span class=\"_ _2\"></span>m ad<span class=\"_ _2\"></span>diti<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>al t<span class=\"_ _2\"></span>hroug<span class=\"_ _2\"></span>hpu<span class=\"_ _2\"></span>t </span></span></span></span>fees<span class=\"ls1 ws0\">, <span class=\"ls49 ws78\">ancillary<span class=\"_ _2\"></span> <span class=\"wsaa\">fees,<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> rail<span class=\"_ _2\"></span>car<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>orag<span class=\"_ _2\"></span>e, l<span class=\"_ _2\"></span>oadi<span class=\"_ _2\"></span>ng, <span class=\"_ _2\"></span>swit<span class=\"_ _2\"></span>chi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>othe<span class=\"_ _2\"></span>r</span></span> </span>fees<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">based<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>actual<span class=\"_ _2\"></span> u<span class=\"_ _2\"></span>sage <span class=\"_ _2\"></span>are<span class=\"_ _2\"></span> </span></span>recognised at<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">the po<span class=\"_ _2\"></span>int i<span class=\"_ _2\"></span>n ti<span class=\"_ _2\"></span>me <span class=\"_ _2\"></span>whe<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>hose <span class=\"_ _2\"></span>ser<span class=\"_ _2\"></span>vice<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> del<span class=\"_ _2\"></span>iver<span class=\"_ _2\"></span>ed.<span class=\"_ _2\"></span></span> </span>(<span class=\"_ _1\"></span>i<span class=\"ls4a ws95\">ii) Tank Cont<span class=\"_ _2\"></span>ainers </span> Transportation r<span class=\"_ _2\"></span>evenue is reco<span class=\"_ _2\"></span>gnised upon deli<span class=\"_ _2\"></span>very of ser<span class=\"_ _2\"></span>vices in accord<span class=\"_ _2\"></span>ance with t<span class=\"_ _2\"></span>he agreement with<span class=\"_ _2\"></span> cust<span class=\"_ _2\"></span>omer<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>and is<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>og<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d over<span class=\"_ _2\"></span> ti<span class=\"_ _2\"></span>me u<span class=\"_ _2\"></span>sing<span class=\"_ _2\"></span> a me<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> pr<span class=\"_ _2\"></span>ogre<span class=\"_ _2\"></span>ss. <span class=\"_ _2\"></span>For<span class=\"_ _2\"></span> ta<span class=\"_ _2\"></span>nk co<span class=\"_ _2\"></span>ntai<span class=\"_ _2\"></span>ner<span class=\"_ _2\"></span> shipments<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls48 ws32\">in p<span class=\"_ _2\"></span>rogres<span class=\"_ _2\"></span>s at t<span class=\"_ _2\"></span>he end <span class=\"_ _2\"></span>of a peri<span class=\"_ _2\"></span>od, the <span class=\"_ _2\"></span>uncert<span class=\"_ _2\"></span>ainty and t<span class=\"_ _2\"></span>he depe<span class=\"_ _2\"></span>ndence o<span class=\"_ _2\"></span>n esti<span class=\"_ _2\"></span>mates ar<span class=\"_ _2\"></span>e </span></span>great<span class=\"_ _2\"></span>er t<span class=\"_ _2\"></span>han f<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nali<span class=\"_ _2\"></span>sed m<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s. T<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>se<span class=\"_ _2\"></span>s a pe<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>cent<span class=\"_ _2\"></span>age o<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he est<span class=\"_ _2\"></span>im<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> rev<span class=\"_ _2\"></span>enue<span class=\"_ _2\"></span> for t<span class=\"_ _2\"></span>he <span class=\"ws77\">shi<span class=\"_ _2\"></span>p<span class=\"ls48 ws72\">men<span class=\"_ _2\"></span>t <span class=\"ls49 wsaa\">using t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> perce<span class=\"_ _2\"></span>ntag<span class=\"_ _2\"></span>e o<span class=\"_ _2\"></span>f eff<span class=\"_ _2\"></span>ort<span class=\"_ _2\"></span> (<span class=\"ff99 ls1 ws0\">\u2018</span>inp<span class=\"_ _2\"></span>ut me<span class=\"_ _2\"></span>thod<span class=\"_ _2\"></span><span class=\"ff99 ls1 ws0\">\u2019</span>) req<span class=\"_ _2\"></span>uire<span class=\"_ _2\"></span>d at<span class=\"_ _2\"></span> ori<span class=\"_ _2\"></span>gin a<span class=\"_ _2\"></span>nd d<span class=\"_ _2\"></span>est<span class=\"_ _2\"></span>inati<span class=\"_ _2\"></span>on.<span class=\"_ _2\"></span> </span></span></span>Demurrage <span class=\"ls49 wsaa\">and<span class=\"_ _2\"></span> othe<span class=\"_ _2\"></span>r re<span class=\"_ _2\"></span>ve<span class=\"_ _2\"></span>nue<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e unc<span class=\"_ _2\"></span>ertai<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> elem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws92\">re<span class=\"_ _2\"></span>venue and are recognised when incurred </span></span></span>and g<span class=\"_ _2\"></span>ener<span class=\"_ _2\"></span>ally<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span>voic<span class=\"_ _2\"></span>ed at<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> end<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> <span class=\"ls61 ws89\">the<span class=\"ls1 ws0\"> </span></span><span class=\"ws78\">month.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>(iv<span class=\"_ _2\"></span>) SSF<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Oper<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng r<span class=\"ls48 ws72\">ev<span class=\"_ _2\"></span>enue <span class=\"ls54 ws83\">is<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>nised<span class=\"_ _2\"></span> w<span class=\"_ _2\"></span>hen<span class=\"_ _2\"></span> perf<span class=\"_ _2\"></span>orma<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> obli<span class=\"_ _2\"></span>gati<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e sat<span class=\"_ _2\"></span>isfi<span class=\"_ _2\"></span>ed b<span class=\"_ _2\"></span>y tr<span class=\"_ _2\"></span>ans<span class=\"_ _2\"></span>ferri<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>co<span class=\"_ _2\"></span>ntrol<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> </span></span></span></span>goods<span class=\"ls1 ws0\"> </span>or<span class=\"ls1 ws0\"> a<span class=\"_ _1\"></span> <span class=\"ls48 ws32\">service<span class=\"_ _2\"></span> to the c<span class=\"_ _2\"></span>ustomer<span class=\"_ _2\"></span>. Where<span class=\"_ _2\"></span> the terms<span class=\"_ _2\"></span> of sal<span class=\"_ _2\"></span>e <span class=\"ls49 ws78\">are<span class=\"_ _2\"></span></span></span> <span class=\"ls49 wsaa\">free o<span class=\"_ _2\"></span>n b<span class=\"_ _2\"></span>oard<span class=\"_ _2\"></span>, <span class=\"ws78\">op<span class=\"_ _2\"></span>era<span class=\"_ _2\"></span>ting<span class=\"_ _2\"></span> </span>revenu<span class=\"_ _2\"></span>e is<span class=\"_ _2\"></span> </span></span>recog<span class=\"_ _2\"></span>nised <span class=\"_ _2\"></span>on disp<span class=\"_ _2\"></span>atch <span class=\"_ _2\"></span>of pr<span class=\"_ _2\"></span>oducts t<span class=\"_ _2\"></span>o t<span class=\"_ _2\"></span>he cust<span class=\"_ _2\"></span>omer. <span class=\"ls49 ws7c\">O<span class=\"_ _2\"></span>pe<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ng r<span class=\"ls48 ws32\">e<span class=\"_ _2\"></span>venue i<span class=\"_ _2\"></span>s</span></span><span class=\"ls1\"> <span class=\"_ _1\"></span><span class=\"ls48 ws32\">r<span class=\"_ _2\"></span>ecognised <span class=\"_ _2\"></span>on deli<span class=\"_ _2\"></span>very </span></span>wher<span class=\"_ _2\"></span>e the<span class=\"_ _2\"></span> ter<span class=\"_ _2\"></span>ms <span class=\"_ _2\"></span>of s<span class=\"_ _2\"></span>ale i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>ude c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s, i<span class=\"_ _2\"></span>nsur<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span>, fr<span class=\"_ _2\"></span>eig<span class=\"_ _2\"></span>ht a<span class=\"_ _2\"></span>nd d<span class=\"_ _2\"></span>esti<span class=\"_ _2\"></span>nati<span class=\"_ _2\"></span>on d<span class=\"_ _2\"></span>uty<span class=\"_ _2\"></span> paid<span class=\"_ _2\"></span>. T<span class=\"_ _2\"></span>he am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> recorded as<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">revenu<span class=\"_ _2\"></span>e i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>all <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>sed a<span class=\"_ _2\"></span>ccor<span class=\"_ _2\"></span>ding<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>o t<span class=\"_ _2\"></span>he te<span class=\"_ _2\"></span>rms o<span class=\"_ _2\"></span>f s<span class=\"_ _2\"></span>ale<span class=\"_ _2\"></span>, inc<span class=\"_ _2\"></span>ludi<span class=\"_ _2\"></span>ng </span></span>shipp<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> and ha<span class=\"_ _2\"></span>ndli<span class=\"_ _2\"></span>ng co<span class=\"_ _2\"></span><span class=\"ls54 ws70\">sts billed to customers, and<span class=\"ls1 ws0\"> <span class=\"ls57 wsad\">af<span class=\"_ _1\"></span>ter de<span class=\"_ _1\"></span>duct<span class=\"_ _1\"></span>ions f<span class=\"_ _1\"></span>or cla<span class=\"_ _1\"></span>ims o<span class=\"_ _1\"></span>r return<span class=\"_ _1\"></span>s of go<span class=\"_ _1\"></span>ods, </span></span></span>rebat<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>allo<span class=\"_ _2\"></span>wanc<span class=\"_ _2\"></span>es ag<span class=\"_ _2\"></span>ai<span class=\"_ _2\"></span>nst t<span class=\"_ _2\"></span>he p<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>ce of<span class=\"_ _2\"></span> go<span class=\"_ _2\"></span>ods.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>(v) S<span class=\"_ _2\"></span>tolt<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls4c wsaa\">Nielsen Gas</span> </span>Reve<span class=\"_ _2\"></span>nues<span class=\"_ _2\"></span> from<span class=\"_ _2\"></span> tim<span class=\"_ _2\"></span>e ch<span class=\"_ _2\"></span>art<span class=\"_ _2\"></span>ers<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> bar<span class=\"_ _2\"></span>eboat<span class=\"_ _2\"></span> ch<span class=\"_ _2\"></span>arter<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e a<span class=\"_ _2\"></span>cco<span class=\"_ _2\"></span>unted<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>r as<span class=\"_ _2\"></span> ope<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ng l<span class=\"_ _2\"></span>ease<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd ar<span class=\"_ _2\"></span>e recognised on a<span class=\"_ _2\"></span> straight<span class=\"ls1 ws0\">-<span class=\"ls48 ws32\">line ba<span class=\"_ _2\"></span>sis over<span class=\"_ _2\"></span> the per<span class=\"_ _2\"></span>iods of<span class=\"_ _2\"></span> such ch<span class=\"_ _2\"></span>arters, a<span class=\"_ _2\"></span>s service<span class=\"_ _2\"></span> is perf<span class=\"_ _2\"></span>ormed.<span class=\"_ _2\"></span> For th<span class=\"_ _2\"></span>e </span></span>LNG <span class=\"_ _2\"></span>sales<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> bu<span class=\"_ _2\"></span>nker<span class=\"_ _2\"></span>ing s<span class=\"_ _2\"></span>ervi<span class=\"_ _2\"></span>ce<span class=\"_ _2\"></span>s, op<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> rev<span class=\"_ _2\"></span>enue<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> r<span class=\"ls53 ws0\">ec<span class=\"_ _2\"></span>ognise<span class=\"_ _2\"></span>d upon<span class=\"_ _2\"></span> compl<span class=\"_ _2\"></span>etion <span class=\"_ _2\"></span>of LN<span class=\"_ _2\"></span>G </span>bunkering <span class=\"_ _2\"></span>operatio<span class=\"_ _2\"></span>ns, whereb<span class=\"_ _2\"></span>y th<span class=\"_ _2\"></span>e Group s<span class=\"_ _2\"></span>upplies L<span class=\"_ _2\"></span>NG to <span class=\"_ _2\"></span>a custo<span class=\"_ _2\"></span>mer thro<span class=\"_ _2\"></span>ugh either<span class=\"_ _2\"></span> a spot<span class=\"_ _2\"></span> or cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>affr<span class=\"_ _2\"></span>eig<span class=\"_ _2\"></span>htme<span class=\"_ _2\"></span>nt.<span class=\"_ _195\"> </span><span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span>An analy<span class=\"_ _2\"></span>sis of t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up\u2019s <span class=\"ff9b ls2f ws4e\">oper<span class=\"_ _2\"></span>ating <span class=\"ls30 ws50\">revenue <span class=\"_ _2\"></span>for <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> year <span class=\"_ _2\"></span>(exc<span class=\"_ _2\"></span>luding<span class=\"_ _2\"></span> fina<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> incom<span class=\"_ _2\"></span>e </span></span><span class=\"ls1 ws0\">\u2013<span class=\"ff9b\"> <span class=\"_ _1\"></span><span class=\"ls5d wsae\">see No<span class=\"_ _1\"></span>te 8),<span class=\"_ _1\"></span> </span></span></span>is as follows:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><table class=\"s w10e h118\" id=\"_5be0e063-a73a-4d13-a0e9-fdd03fac1476\"><tr><td></td><td class=\"t m0 x2bc h82 y2b76 ff9b fs3b fc2 sc0 ls1 ws0\"> <span class=\"_ _131\"> </span><span class=\"ls19 ws2d\"></span><span class=\"ls19 ws2d\">For</span> <span class=\"ls1a ws2e\">the</span> years ended N<span class=\"_ _2\"></span>ovember <span class=\"ls1b ws2f\">30</span> </td><td></td></tr><tr><td class=\"c x24b y2b77 w64 hb9\"><div class=\"t m0 x0 h82 y1c4a ff9b fs3b fc2 sc0 ls1 ws0\">(<span class=\"ls2d ws4a\"></span><span class=\"ls2d ws4a\">in</span> <span class=\"ls1c ws30\">US </span>$ thousands) </div></td><td class=\"c x2a2 y2b77 w48 hb9\"><div class=\"t m0 x177 h85 y1e4c ff97 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b77 w20 hb9\"><div class=\"t m0 x177 h82 y1e4c ff9b fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b78 w64 h8c\"><div class=\"t m0 x0 h88 y1c4d ff9b fs3a fc2 sc0 ls26 ws3d\">Operating<span class=\"_ _1\"></span> revenue from the rendering of services<span class=\"fcd ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b78 w48 h8c\"><div class=\"t m0 x17a h87 y1c4d ff97 fs3a fc2 sc0 ls27 ws3f\">2,<span class=\"ls21 ws35\">596<span class=\"_ _2\"></span><span class=\"ls1 ws0\">,</span>280</span><span class=\"ls21 ws35\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x24e y2b78 w20 h8c\"><div class=\"t m0 x17b h88 y1c4d ff9b fs3a fc2 sc0 ls20 ws36\">2,763,836<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b79 w64 h86\"><div class=\"t m0 x0 h88 y1bde ff9b fs3a fc2 sc0 ls22 ws37\">Operati<span class=\"_ _1\"></span>ng revenue from the sa<span class=\"_ _1\"></span>le of <span class=\"_ _2\"></span>goods<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b79 w48 h86\"><div class=\"t m0 x180 h87 y1bde ff97 fs3a fc2 sc0 ls21 ws35\">172<span class=\"ls1 ws0\">,</span>721<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b79 w20 h86\"><div class=\"t m0 x181 h88 y1bde ff9b fs3a fc2 sc0 ls20 ws36\">126,789<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2a2 y2b7a w48 ha1\"><div class=\"t m0 x17a h87 y1c05 ff97 fs3a fc2 sc0 ls21 ws35\">2,76<span class=\"_ _2\"></span>9,001<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b7a w20 ha1\"><div class=\"t m0 x17b h88 y1c05 ff9b fs3a fc2 sc0 ls20 ws36\">2,890,625<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>Operating r<span class=\"ls30 ws50\">e<span class=\"_ _2\"></span>venue<span class=\"_ _2\"></span> gene<span class=\"_ _2\"></span>rated b<span class=\"_ _2\"></span>y <span class=\"_ _2\"></span><span class=\"ls46 ws6f\">STJ<span class=\"_ _2\"></span>S<span class=\"ls1 ws0\"> </span></span>under co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\">s <span class=\"_ _1\"></span><span class=\"ls2f ws70\">of<span class=\"_ _2\"></span> affreightment<span class=\"_ _2\"></span> was approxim<span class=\"_ _2\"></span>ately <span class=\"ls1 ws0\">4<span class=\"ls48 ws72\">9.0</span>% </span></span></span></span>and 4<span class=\"_ _2\"></span><span class=\"ls48 ws72\">5.0<span class=\"ls1 ws0\">% <span class=\"_ _1\"></span><span class=\"ls4a ws76\">of <span class=\"ff9a ls46 ws6f\">STJ<span class=\"_ _2\"></span>S\u2019s<span class=\"_ _2\"></span></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws4f\">t<span class=\"_ _2\"></span>otal re<span class=\"_ _2\"></span>venu<span class=\"_ _2\"></span>e for the<span class=\"_ _2\"></span> <span class=\"ls2f ws4e\">year<span class=\"ls1 ws0\">s <span class=\"_ _3\"></span><span class=\"ls2f ws75\">e<span class=\"_ _2\"></span>nded November 30, <span class=\"ls31 ws53\">202<span class=\"ls1 ws0\">5 <span class=\"ls30 ws52\">and <span class=\"_ _1\"></span><span class=\"ls31 ws53\">202<span class=\"ls1 ws0\">4<span class=\"ls2f ws70\">, respectively</span>. </span></span></span></span></span></span></span></span></span></span></span></span></span>All other re<span class=\"_ _2\"></span>venue generated<span class=\"ls1 ws0\"> </span>by th<span class=\"_ _2\"></span>e <span class=\"ws4e\">STJS<span class=\"ls1 ws0\"> <span class=\"ls4a ws74\">is from<span class=\"_ _2\"></span> spot<span class=\"_ _2\"></span> contrac<span class=\"_ _2\"></span>ts.<span class=\"_ _2\"></span></span> </span></span>Paymen<span class=\"_ _2\"></span>t te<span class=\"_ _2\"></span>rms ge<span class=\"_ _2\"></span>ner<span class=\"_ _2\"></span>ally<span class=\"_ _2\"></span> do n<span class=\"_ _2\"></span>ot <span class=\"_ _2\"></span>have <span class=\"_ _2\"></span>a fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>ng ele<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>. Vari<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span> consid<span class=\"_ _2\"></span>era<span class=\"_ _2\"></span>tion i<span class=\"_ _2\"></span>s l<span class=\"_ _2\"></span>imited<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>that <span class=\"_ _2\"></span>related<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>o vari<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span> costs<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws4f\">whi<span class=\"_ _2\"></span>ch are<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>tu<span class=\"_ _2\"></span>ally p<span class=\"_ _2\"></span>asse<span class=\"_ _2\"></span>d on<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he cus<span class=\"_ _2\"></span>tome<span class=\"_ _2\"></span>r and<span class=\"_ _2\"></span> unc<span class=\"_ _2\"></span>erta<span class=\"_ _2\"></span>in </span></span></span></span>revenue<span class=\"_ _2\"></span>s s<span class=\"_ _2\"></span>uch <span class=\"_ _2\"></span>as de<span class=\"_ _2\"></span>murr<span class=\"_ _2\"></span>age.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>5.<span class=\"ls1 ws0\"> Operating Expenses  </span>Acc<span class=\"_ _3\"></span>ounti<span class=\"_ _1\"></span>ng p<span class=\"_ _1\"></span><span class=\"ls6d wsa9\">olicy<span class=\"ls1 ws0\"> </span></span>(i) Tan<span class=\"_ _2\"></span>kers<span class=\"ls1 ws0\">  </span>Tanke<span class=\"_ _2\"></span>rs<span class=\"ff99 ls1 ws0\">\u2019<span class=\"ff98\"> </span></span><span class=\"wsaa\">operati<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> expe<span class=\"_ _2\"></span>nses<span class=\"_ _2\"></span> incl<span class=\"_ _2\"></span>ude <span class=\"_ _2\"></span>co<span class=\"_ _2\"></span>sts d<span class=\"_ _2\"></span>irect<span class=\"_ _2\"></span>ly <span class=\"_ _2\"></span>asso<span class=\"_ _2\"></span>ciat<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>wit<span class=\"_ _2\"></span>h t<span class=\"_ _2\"></span>he op<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>mai<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> </span>the parc<span class=\"_ _2\"></span>el tanker<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">and bar<span class=\"_ _2\"></span>ge<span class=\"_ _2\"></span>s<span class=\"ls30 wsab\">. Th<span class=\"_ _2\"></span>ese</span></span> <span class=\"ls49 wsaa\">type<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> cost<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>e <span class=\"ls61 ws89\">tim<span class=\"_ _2\"></span>e</span></span> <span class=\"_ _1\"></span><span class=\"ls2f ws92\">c<span class=\"_ _2\"></span>harter costs,<span class=\"ls1 ws0\"> <span class=\"ls4b ws77\">the <span class=\"ls48 ws32\">service el<span class=\"_ _2\"></span>ement of<span class=\"_ _2\"></span> </span></span></span></span></span>leases,<span class=\"ls1 ws0\"> <span class=\"ls54 ws70\">bunker fuel costs, port costs, manning co<span class=\"_ _2\"></span>sts (for example, ship personnel and benefit<span class=\"_ _2\"></span>s), sublet </span></span>costs, repair <span class=\"_ _2\"></span><span class=\"ls49 ws78\">and<span class=\"ls1 ws0\"> </span><span class=\"wsaa\">mai<span class=\"_ _2\"></span>ntena<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>tan<span class=\"_ _2\"></span>kers<span class=\"_ _2\"></span>, co<span class=\"_ _2\"></span>mmis<span class=\"_ _2\"></span>sio<span class=\"_ _2\"></span>n exp<span class=\"_ _2\"></span>ense<span class=\"_ _2\"></span>s, b<span class=\"_ _2\"></span>argi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span></span>tr<span class=\"_ _2\"></span>an<span class=\"ls1 ws0\">s-<span class=\"_ _1\"></span><span class=\"ls54 ws83\">shipment<span class=\"ls1 ws0\"> <span class=\"ls4b ws77\">costs<span class=\"_ _2\"></span>, </span></span></span></span></span>canal<span class=\"_ _2\"></span> tra<span class=\"_ _2\"></span>nsi<span class=\"_ _2\"></span>t co<span class=\"_ _2\"></span>sts,<span class=\"_ _2\"></span> ins<span class=\"_ _2\"></span>ur<span class=\"_ _2\"></span>ance p<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>mium<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> ot<span class=\"_ _2\"></span>her s<span class=\"_ _2\"></span>hip<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span>owning<span class=\"_ _2\"></span> ex<span class=\"_ _2\"></span>pens<span class=\"_ _2\"></span>es (<span class=\"_ _2\"></span>for <span class=\"_ _2\"></span>exa<span class=\"_ _2\"></span>mple<span class=\"_ _2\"></span>, pr<span class=\"_ _2\"></span>ovi<span class=\"_ _2\"></span>sio<span class=\"_ _2\"></span>ns, ship supplies, cleaning<span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">and</span> <span class=\"ls2f ws2f\">cargo survey co<span class=\"_ _2\"></span>sts).</span> </span>(ii)<span class=\"ls1 ws0\"> <span class=\"ls46 ws6f\">Term<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>als</span>  </span>Terminals<span class=\"ff99 ls1 ws0\">\u2019<span class=\"ff98\"> <span class=\"_ _1\"></span>o<span class=\"ls49 wsaa\">perati<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>expe<span class=\"_ _2\"></span>nse<span class=\"_ _2\"></span>s c<span class=\"_ _2\"></span>onsi<span class=\"_ _2\"></span>st of<span class=\"_ _2\"></span> cos<span class=\"_ _2\"></span>ts <span class=\"_ _2\"></span>dire<span class=\"_ _2\"></span>ctl<span class=\"_ _2\"></span>y as<span class=\"_ _2\"></span>soci<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>d wit<span class=\"_ _2\"></span>h t<span class=\"_ _2\"></span>he op<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> </span></span></span>mai<span class=\"_ _2\"></span>ntena<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he te<span class=\"_ _2\"></span>rmi<span class=\"_ _2\"></span>nals.<span class=\"_ _2\"></span> Th<span class=\"_ _2\"></span>ese <span class=\"_ _2\"></span>type<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>costs<span class=\"_ _2\"></span> incl<span class=\"_ _2\"></span>ude <span class=\"ws78\">p<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>sonne<span class=\"_ _2\"></span>l<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">and employ<span class=\"_ _2\"></span>ee benef<span class=\"_ _2\"></span>it cost<span class=\"_ _2\"></span>s, </span></span></span>facilities and <span class=\"ws83\">u<span class=\"_ _1\"></span>tilities<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">(incl<span class=\"_ _2\"></span>udi<span class=\"_ _2\"></span>ng r<span class=\"_ _2\"></span>eal<span class=\"_ _2\"></span> est<span class=\"_ _2\"></span>ate t<span class=\"_ _2\"></span>axe<span class=\"_ _2\"></span>s)<span class=\"_ _2\"></span>, rai<span class=\"_ _2\"></span>l ex<span class=\"_ _2\"></span>pens<span class=\"_ _2\"></span>es<span class=\"_ _2\"></span>, ma<span class=\"_ _2\"></span>inte<span class=\"_ _2\"></span>nance<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> rep<span class=\"_ _2\"></span>air <span class=\"_ _2\"></span>co<span class=\"_ _2\"></span>sts, </span></span></span>regul<span class=\"_ _2\"></span>ato<span class=\"_ _2\"></span>ry <span class=\"ls30 ws52\">costs<span class=\"_ _2\"></span><span class=\"ls2f ws2f\">, storage co<span class=\"_ _2\"></span>sts and other <span class=\"_ _2\"></span>operating expen<span class=\"_ _2\"></span>ses (for <span class=\"_ _2\"></span>example, insurance<span class=\"_ _2\"></span>, <span class=\"ls48 ws72\">electric<span class=\"_ _2\"></span>ity, </span></span></span>surve<span class=\"_ _2\"></span>y c<span class=\"_ _2\"></span>osts<span class=\"_ _2\"></span>, cle<span class=\"_ _2\"></span>ani<span class=\"_ _2\"></span>ng, l<span class=\"_ _2\"></span>ine<span class=\"_ _2\"></span> ha<span class=\"_ _2\"></span>ul,<span class=\"_ _2\"></span> rail<span class=\"_ _2\"></span> cost<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span><span class=\"ws78\">and<span class=\"ls1 ws0\"> </span></span>tan<span class=\"_ _2\"></span>k car<span class=\"_ _2\"></span> <span class=\"ls4b ws77\">hir<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">costs).<span class=\"_ _2\"></span></span> </span></span>(iii) Tank Cont<span class=\"_ _2\"></span>ainers <span class=\"ls1 ws0\"> </span>Tank C<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ai<span class=\"_ _2\"></span>ners op<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ating<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>ses of<span class=\"_ _2\"></span> Ta<span class=\"_ _2\"></span>nk C<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ainer<span class=\"_ _2\"></span>s c<span class=\"_ _2\"></span>onsi<span class=\"_ _2\"></span>st <span class=\"_ _2\"></span>of co<span class=\"_ _2\"></span>sts<span class=\"_ _2\"></span> direc<span class=\"_ _2\"></span>tl<span class=\"_ _2\"></span>y as<span class=\"_ _2\"></span>soci<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>d wit<span class=\"_ _2\"></span>h th<span class=\"_ _2\"></span>e oper<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n an<span class=\"_ _2\"></span>d mai<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e ta<span class=\"_ _2\"></span>nk co<span class=\"_ _2\"></span>ntai<span class=\"_ _2\"></span>ner<span class=\"_ _2\"></span>s. T<span class=\"_ _2\"></span>hes<span class=\"_ _2\"></span>e typ<span class=\"_ _2\"></span>es of<span class=\"_ _2\"></span> c<span class=\"_ _2\"></span>osts<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 ws7c\">i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>ude oce<span class=\"_ _2\"></span>an an<span class=\"_ _2\"></span>d inl<span class=\"_ _2\"></span>and </span></span>freight charges, <span class=\"ls49 wsaa\">rep<span class=\"_ _2\"></span>ositi<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ning<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>ank c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ainer<span class=\"_ _2\"></span>s,<span class=\"_ _2\"></span> tank<span class=\"_ _2\"></span> re<span class=\"_ _2\"></span>ntal<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>enses<span class=\"_ _2\"></span>, c<span class=\"_ _2\"></span>leani<span class=\"_ _2\"></span>ng c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s, <span class=\"_ _2\"></span><span class=\"ls54 ws70\">ancillary billable </span></span>costs (<span class=\"_ _2\"></span>ser<span class=\"_ _2\"></span>vice<span class=\"_ _2\"></span>s purc<span class=\"_ _2\"></span>hased<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> charg<span class=\"_ _2\"></span>ed<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">thro<span class=\"_ _2\"></span>ugh t<span class=\"_ _2\"></span>o cu<span class=\"_ _2\"></span>sto<span class=\"_ _2\"></span>mers<span class=\"_ _2\"></span>), m<span class=\"_ _2\"></span>aint<span class=\"_ _2\"></span>ena<span class=\"_ _2\"></span>nce a<span class=\"_ _2\"></span>nd r<span class=\"_ _2\"></span>epai<span class=\"_ _2\"></span>r c<span class=\"_ _2\"></span>osts<span class=\"_ _2\"></span>, </span></span>storage <span class=\"ls49 ws7c\">and othe<span class=\"_ _2\"></span>r move<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls48 ws72\">related <span class=\"ls30 wsab\">costs,<span class=\"_ _2\"></span> insu<span class=\"_ _2\"></span>rance<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> other<span class=\"_ _2\"></span> ope<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ng expe<span class=\"_ _2\"></span>nses (<span class=\"_ _2\"></span>for<span class=\"_ _2\"></span></span></span> <span class=\"ls54 ws75\">e<span class=\"_ _1\"></span>x<span class=\"_ _2\"></span>ample, depot </span></span></span>expenses,<span class=\"_ _2\"></span> agency fe<span class=\"_ _2\"></span>e<span class=\"ls49 wsaa\">s a<span class=\"_ _2\"></span>nd r<span class=\"_ _2\"></span>efurb<span class=\"_ _2\"></span>ishi<span class=\"_ _2\"></span>ng c<span class=\"_ _2\"></span>os<span class=\"_ _2\"></span>ts).</span><span class=\"ls49 wsaa\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>(iv)<span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">SSF</span>  </span>SSF operating <span class=\"_ _2\"></span>expenses include <span class=\"_ _2\"></span>production c<span class=\"_ _2\"></span>ost of goods<span class=\"_ _2\"></span> sold (<span class=\"_ _2\"></span><span class=\"ff99 ls1 ws0\">\u2018<span class=\"_ _1\"></span><span class=\"ff98 ls53 ws80\">P<span class=\"_ _2\"></span>COGS<span class=\"ff99 ls1 ws0\">\u2019</span><span class=\"ls57 ws74\">),<span class=\"_ _1\"></span> whi<span class=\"_ _1\"></span>ch are<span class=\"_ _1\"></span> cos<span class=\"_ _1\"></span>ts in<span class=\"_ _1\"></span>curr<span class=\"_ _1\"></span>ed for<span class=\"_ _1\"></span> </span></span></span>the p<span class=\"_ _2\"></span>rod<span class=\"_ _2\"></span>uctio<span class=\"_ _2\"></span>n of<span class=\"_ _2\"></span> ju<span class=\"_ _2\"></span>veni<span class=\"_ _2\"></span>le fi<span class=\"_ _2\"></span>sh<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> the s<span class=\"_ _2\"></span>ub<span class=\"_ _2\"></span>seque<span class=\"_ _2\"></span>nt gr<span class=\"_ _2\"></span>owi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> of j<span class=\"_ _2\"></span>uve<span class=\"_ _2\"></span>nile f<span class=\"_ _2\"></span>ish<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>o ad<span class=\"_ _2\"></span>ult f<span class=\"_ _2\"></span>is<span class=\"_ _2\"></span>h re<span class=\"_ _2\"></span>ady f<span class=\"_ _2\"></span>or mark<span class=\"_ _2\"></span>et. T<span class=\"_ _2\"></span>hes<span class=\"_ _2\"></span>e PCO<span class=\"_ _2\"></span>GS i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>ude<span class=\"_ _2\"></span> cost<span class=\"_ _2\"></span>s to p<span class=\"_ _2\"></span>rod<span class=\"_ _2\"></span>uce<span class=\"_ _2\"></span> egg<span class=\"_ _2\"></span>s for<span class=\"_ _2\"></span> fer<span class=\"_ _2\"></span>tili<span class=\"_ _2\"></span>sati<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n, o<span class=\"_ _2\"></span>nsit<span class=\"_ _2\"></span>e lab<span class=\"_ _2\"></span>our<span class=\"_ _2\"></span>/per<span class=\"_ _2\"></span>sonn<span class=\"_ _2\"></span>el c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s, feed cost<span class=\"_ _2\"></span>s, energy<span class=\"_ _2\"></span> cos<span class=\"ls49 wsaa\">t<span class=\"_ _2\"></span>s, co<span class=\"_ _2\"></span>ntr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span> gro<span class=\"_ _2\"></span>wer f<span class=\"_ _2\"></span>ees<span class=\"_ _2\"></span>, rep<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> mai<span class=\"_ _2\"></span>nten<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> cost<span class=\"_ _2\"></span>s, o<span class=\"_ _2\"></span>xyg<span class=\"_ _2\"></span>en c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd </span>veterinary<span class=\"_ _2\"></span> fees. <span class=\"ls4b ws77\">O<span class=\"_ _2\"></span>ther<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">costs included withi<span class=\"_ _2\"></span>n operating exp<span class=\"_ _2\"></span>enses are co<span class=\"_ _2\"></span>sts of fish p<span class=\"_ _2\"></span>urchased from <span class=\"_ _2\"></span>third </span></span></span>parti<span class=\"_ _2\"></span>es,<span class=\"_ _2\"></span> frei<span class=\"_ _2\"></span>ght<span class=\"_ _2\"></span> cost<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>o c<span class=\"_ _2\"></span>ustom<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>s, al<span class=\"_ _2\"></span>l pr<span class=\"_ _2\"></span>im<span class=\"_ _2\"></span>ary a<span class=\"_ _2\"></span>nd se<span class=\"_ _2\"></span>con<span class=\"_ _2\"></span>dar<span class=\"_ _2\"></span>y pr<span class=\"_ _2\"></span>oce<span class=\"_ _2\"></span>ssing<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> pac<span class=\"_ _2\"></span>kagi<span class=\"_ _2\"></span>ng c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s, distr<span class=\"_ _2\"></span>ib<span class=\"_ _2\"></span>utio<span class=\"_ _2\"></span>n and<span class=\"_ _2\"></span> ha<span class=\"_ _2\"></span>ndli<span class=\"_ _2\"></span>ng c<span class=\"_ _2\"></span>osts<span class=\"_ _2\"></span>, s<span class=\"_ _2\"></span>torag<span class=\"_ _2\"></span>e,<span class=\"_ _2\"></span> impo<span class=\"_ _2\"></span>rt d<span class=\"_ _2\"></span>utie<span class=\"_ _2\"></span>s,<span class=\"_ _2\"></span> inve<span class=\"_ _2\"></span>nto<span class=\"_ _2\"></span>ry w<span class=\"_ _2\"></span>rit<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\">-</span><span class=\"ws7c\">downs<span class=\"_ _2\"></span>, mort<span class=\"_ _2\"></span>alit<span class=\"_ _2\"></span>y los<span class=\"_ _2\"></span>ses a<span class=\"_ _2\"></span>nd </span>fair<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue mo<span class=\"_ _2\"></span>vem<span class=\"_ _2\"></span>ents.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>(v) St<span class=\"_ _2\"></span>olt<span class=\"ls1 ws0\">-<span class=\"ls4c wsaa\">Nielsen Gas</span> </span>S<span class=\"ls53 ws80\">tolt</span>-<span class=\"_ _1\"></span><span class=\"ff99 ls48 ws7d\">Ni<span class=\"_ _2\"></span>elsen Gas\u2019 <span class=\"ff98 ls49 wsaa\">op<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> expe<span class=\"_ _2\"></span>nses<span class=\"_ _2\"></span> <span class=\"ls2f ws2f\">include co<span class=\"_ _2\"></span>sts directly <span class=\"_ _2\"></span>associated wit<span class=\"_ _2\"></span>h <span class=\"ls54 ws83\">its<span class=\"ls1 ws0\"> </span>operation<span class=\"ls1 ws0\">s<span class=\"_ _1\"></span> a<span class=\"ls30 wsab\">s well a<span class=\"_ _2\"></span>s </span></span></span></span></span></span>the<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">maint<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>ance of<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he pr<span class=\"_ _2\"></span>ope<span class=\"_ _2\"></span>rty<span class=\"_ _2\"></span>, pl<span class=\"_ _2\"></span>ant a<span class=\"_ _2\"></span>nd eq<span class=\"_ _2\"></span>uip<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>ese<span class=\"_ _2\"></span> type<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>sts i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>e LN<span class=\"_ _2\"></span>G p<span class=\"_ _2\"></span>urc<span class=\"_ _2\"></span>hase<span class=\"_ _2\"></span>s, </span></span>transp<span class=\"_ _2\"></span>orta<span class=\"_ _2\"></span>tion c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s, <span class=\"ls48 ws32\">ship <span class=\"_ _2\"></span>operati<span class=\"_ _2\"></span>ng expen<span class=\"_ _2\"></span>ses, <span class=\"ls54 ws83\">depreciatio<span class=\"_ _2\"></span>n <span class=\"ls49 ws7c\">and amort<span class=\"_ _2\"></span>isat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> </span></span>and other <span class=\"_ _2\"></span>expens<span class=\"_ _2\"></span>es.<span class=\"ls1 ws0\"> </span></span><div class=\"t m0 h98 ff9f fs39 fc2 sc0 ls2f ws70 gs1a2\">Operating expen<span class=\"_ _2\"></span>ses comprised <span class=\"_ _2\"></span>the followi<span class=\"_ _2\"></span>ng:<span class=\"ls1 ws0\"> </span></div><div class=\"gs1a3\"><table class=\"s w151 h119\" id=\"_24b83571-3e16-4d5c-ac54-88adeed43c4d\"><tr><td></td><td class=\"c x2bd y2b7b w68 hb7\"><div class=\"t m0 x197 h82 y1f54 ff9f fs3b fc2 sc0 ls1 ws0\"> <span class=\"ls19 ws2d\"></span><span class=\"ls19 ws2d\">For</span> <span class=\"ls1a ws2e\">the</span> years end<span class=\"_ _2\"></span>ed November <span class=\"ls1b ws2f\">30</span> </div></td><td></td></tr><tr><td class=\"c x246 y2b7c w14a h102\"><div class=\"t m0 x245 h82 y29a6 ff9f fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2a3 h82 y29a7 ff9f fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x2a2 y2b7d w48 h83\"><div class=\"t m0 x177 h85 y1f57 ffa0 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b7d w20 h83\"><div class=\"t m0 x177 h82 y1f57 ff9f fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b7e w64 h86\"><div class=\"t m0 x0 h88 y1be8 ff9f fs3a fc2 sc0 ls24 ws3a\">Bunker fuel costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b7e w48 h86\"><div class=\"t m0 x180 h87 y1be8 ffa0 fs3a fc2 sc0 ls21 ws35\">327,<span class=\"_ _2\"></span>239<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b7e w20 h86\"><div class=\"t m0 x181 h88 y1be8 ff9f fs3a fc2 sc0 ls20 ws36\">364,197<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b7f w64 h8a\"><div class=\"t m0 x0 h88 y1c65 ff9f fs3a fc2 sc0 ls24 ws3a\">Ocean and inland freight charges<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b7f w48 h8a\"><div class=\"t m0 x180 h87 y1c65 ffa0 fs3a fc2 sc0 ls21 ws35\">256,<span class=\"_ _2\"></span>110<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b7f w20 h8a\"><div class=\"t m0 x181 h88 y1c65 ff9f fs3a fc2 sc0 ls20 ws36\">273,553<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b80 w64 h86\"><div class=\"t m0 x0 h88 y1bef ff9f fs3a fc2 sc0 ls2a ws5a\">Opera<span class=\"_ _2\"></span>ting e<span class=\"_ _2\"></span><span class=\"ls20 ws36\">mploye<span class=\"_ _2\"></span>e<span class=\"ffa1 ls2e ws5c\">s\u2019</span><span class=\"ls1 ws0\"> <span class=\"ls24 ws3a\">personnel and <span class=\"ls26 ws3d\">benefit expens<span class=\"_ _1\"></span>es</span></span></span></span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"><span class=\"ls26 ws3d\"><span class=\"ls1 ws0\"> </span></span></span></span></span></div></td><td class=\"c x2a2 y2b80 w48 h86\"><div class=\"t m0 x180 h87 y1bef ffa0 fs3a fc2 sc0 ls21 ws35\">246,<span class=\"_ _2\"></span>682<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b80 w20 h86\"><div class=\"t m0 x181 h88 y1bef ff9f fs3a fc2 sc0 ls20 ws36\">220,398<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b81 w64 h86\"><div class=\"t m0 x0 h88 y1bf4 ff9f fs3a fc2 sc0 ls26 ws3d\">Charter and leas<span class=\"_ _1\"></span>e expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b81 w48 h86\"><div class=\"t m0 x180 h87 y1bf4 ffa0 fs3a fc2 sc0 ls21 ws35\">231,<span class=\"_ _2\"></span>161<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b81 w20 h86\"><div class=\"t m0 x181 h88 y1bf4 ff9f fs3a fc2 sc0 ls20 ws36\">353,172<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b82 w64 h8a\"><div class=\"t m0 x0 h88 y1c3f ff9f fs3a fc2 sc0 ls22 ws37\">Port charges<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b82 w48 h8a\"><div class=\"t m0 x180 h87 y1c3f ffa0 fs3a fc2 sc0 ls21 ws35\">170,<span class=\"_ _2\"></span>323<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b82 w20 h8a\"><div class=\"t m0 x181 h88 y1c3f ff9f fs3a fc2 sc0 ls20 ws36\">149,288<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b83 w64 h8b\"><div class=\"t m0 x0 h88 y1f5f ff9f fs3a fc2 sc0 ls2e ws4c\">Maintenance an<span class=\"_ _2\"></span>d repairs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b83 w48 h8b\"><div class=\"t m0 x179 h87 y1f5f ffa0 fs3a fc2 sc0 ls23 ws39\">80,042<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b83 w20 h8b\"><div class=\"t m0 x183 h88 y1f5f ff9f fs3a fc2 sc0 ls20 ws36\">72,617<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b84 w64 h86\"><div class=\"t m0 x0 h88 y1bef ff9f fs3a fc2 sc0 ls29 ws42\">Tank cont<span class=\"_ _2\"></span>ainer ancillar<span class=\"_ _2\"></span>y billable<span class=\"_ _2\"></span> costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b84 w48 h86\"><div class=\"t m0 x179 h87 y1bef ffa0 fs3a fc2 sc0 ls23 ws39\">47,688<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b84 w20 h86\"><div class=\"t m0 x183 h88 y1bef ff9f fs3a fc2 sc0 ls20 ws36\">40,011<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b85 w64 h8a\"><div class=\"t m0 x0 h88 y1bff ff9f fs3a fc2 sc0 ls23 ws4b\">Cleanin<span class=\"_ _1\"></span>g costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b85 w48 h8a\"><div class=\"t m0 x179 h87 y1bff ffa0 fs3a fc2 sc0 ls23 ws39\">45,654<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b85 w20 h8a\"><div class=\"t m0 x183 h88 y1bff ff9f fs3a fc2 sc0 ls20 ws36\">47,643<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b86 w64 h86\"><div class=\"t m0 x0 h88 y1bfa ff9f fs3a fc2 sc0 ls24 ws3b\">Insurance<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b86 w48 h86\"><div class=\"t m0 x179 h87 y1bfa ffa0 fs3a fc2 sc0 ls23 ws39\">41,874<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b86 w20 h86\"><div class=\"t m0 x183 h88 y1bfa ff9f fs3a fc2 sc0 ls20 ws36\">37,746<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b87 w64 h86\"><div class=\"t m0 x0 h88 y1bf8 ff9f fs3a fc2 sc0 ls26 ws3d\">Expenses rela<span class=\"_ _1\"></span>ted to <span class=\"ls1 ws0\">b<span class=\"ls29 ws42\">iological asset<span class=\"_ _2\"></span>s</span></span><span class=\"ls1 ws0\"><span class=\"ls29 ws42\"> <span class=\"_ _2\"></span></span> </span></div></td><td class=\"c x2a2 y2b87 w48 h86\"><div class=\"t m0 x179 h87 y1bf8 ffa0 fs3a fc2 sc0 ls23 ws39\">40,233<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b87 w20 h86\"><div class=\"t m0 x183 h88 y1bf8 ff9f fs3a fc2 sc0 ls20 ws36\">40,015<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b88 w64 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff9f fs3a fc2 sc0 ls26 ws3d\">Service elemen<span class=\"_ _1\"></span>t of leases<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b88 w48 h8a\"><div class=\"t m0 x179 h87 y1bf6 ffa0 fs3a fc2 sc0 ls23 ws39\">39,715<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b88 w20 h8a\"><div class=\"t m0 x183 h88 y1bf6 ff9f fs3a fc2 sc0 ls20 ws36\">24,864<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b89 w64 h86\"><div class=\"t m0 x0 h88 y1c05 ff9f fs3a fc2 sc0 ls29 ws42\">Ship supplies an<span class=\"_ _2\"></span>d pro<span class=\"_ _2\"></span>visions<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b89 w48 h86\"><div class=\"t m0 x179 h87 y1c05 ffa0 fs3a fc2 sc0 ls23 ws39\">35,294<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b89 w20 h86\"><div class=\"t m0 x183 h88 y1c05 ff9f fs3a fc2 sc0 ls20 ws36\">32,404<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b8a w64 h86\"><div class=\"t m0 x0 h88 y1bde ff9f fs3a fc2 sc0 ls24 ws3a\">Repositioning of tank containers<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b8a w48 h86\"><div class=\"t m0 x179 h87 y1bde ffa0 fs3a fc2 sc0 ls23 ws39\">33,467<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b8a w20 h86\"><div class=\"t m0 x183 h88 y1bde ff9f fs3a fc2 sc0 ls20 ws36\">33,586<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b8b w64 h8a\"><div class=\"t m0 x0 h88 y1c2d ff9f fs3a fc2 sc0 ls22 ws37\">Storage and<span class=\"_ _1\"></span> other tank container m<span class=\"_ _1\"></span>ove<span class=\"ls1 ws0\">-<span class=\"ls23 ws4b\">rela<span class=\"_ _1\"></span>ted costs</span></span><span class=\"ls1 ws0\"><span class=\"ls23 ws4b\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2a2 y2b8b w48 h8a\"><div class=\"t m0 x179 h87 y1c2d ffa0 fs3a fc2 sc0 ls23 ws39\">28,841<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b8b w20 h8a\"><div class=\"t m0 x183 h88 y1c2d ff9f fs3a fc2 sc0 ls20 ws36\">26,869<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b8c w64 h86\"><div class=\"t m0 x0 h88 y1bde ff9f fs3a fc2 sc0 ls29 ws42\">Facilities an<span class=\"_ _2\"></span>d utilitie<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b8c w48 h86\"><div class=\"t m0 x179 h87 y1bde ffa0 fs3a fc2 sc0 ls21 ws35\">33,<span class=\"ls1 ws0\">9<span class=\"ls66 ws9d\">41</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b8c w20 h86\"><div class=\"t m0 x183 h88 y1bde ff9f fs3a fc2 sc0 ls20 ws36\">33,035<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b8d w64 h86\"><div class=\"t m0 x0 h88 y1be4 ff9f fs3a fc2 sc0 ls22 ws37\">Cost of LNG p<span class=\"_ _1\"></span>urchased<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b8d w48 h86\"><div class=\"t m0 x179 h87 y1be4 ffa0 fs3a fc2 sc0 ls23 ws39\">25,541<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b8d w20 h86\"><div class=\"t m0 x2d h88 y1be4 ffa1 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff9f\"> </span></div></td></tr><tr><td class=\"c x24b y2b8e w64 h8a\"><div class=\"t m0 x0 h88 y1be6 ff9f fs3a fc2 sc0 ls2a ws45\">Commis<span class=\"_ _2\"></span>sion<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b8e w48 h8a\"><div class=\"t m0 x179 h87 y1be6 ffa0 fs3a fc2 sc0 ls23 ws39\">22,883<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b8e w20 h8a\"><div class=\"t m0 x183 h88 y1be6 ff9f fs3a fc2 sc0 ls20 ws36\">38,258<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b8f w64 h8b\"><div class=\"t m0 x0 h88 y1be4 ff9f fs3a fc2 sc0 ls24 ws3a\">Owning costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b8f w48 h8b\"><div class=\"t m0 x179 h87 y1be4 ffa0 fs3a fc2 sc0 ls23 ws39\">12,891<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b8f w20 h8b\"><div class=\"t m0 x184 h88 y1be4 ff9f fs3a fc2 sc0 ls20 ws36\">9,084<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b90 w64 h86\"><div class=\"t m0 x0 h88 y1be2 ff9f fs3a fc2 sc0 ls22 ws37\">Voyag<span class=\"_ _1\"></span>e costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b90 w48 h86\"><div class=\"t m0 x179 h87 y1be2 ffa0 fs3a fc2 sc0 ls23 ws39\">12,248<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b90 w20 h86\"><div class=\"t m0 x183 h88 y1be2 ff9f fs3a fc2 sc0 ls20 ws36\">18,742<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b91 w64 h8a\"><div class=\"t m0 x0 h88 y1c18 ff9f fs3a fc2 sc0 ls22 ws37\">Regulatory<span class=\"_ _1\"></span> costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b91 w48 h8a\"><div class=\"t m0 x185 h87 y1c18 ffa0 fs3a fc2 sc0 ls21 ws35\">7,12<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b91 w20 h8a\"><div class=\"t m0 x184 h88 y1c18 ff9f fs3a fc2 sc0 ls20 ws36\">7,030<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b92 w64 h86\"><div class=\"t m0 x0 h88 y1bea ff9f fs3a fc2 sc0 ls24 ws3a\">Packing expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b92 w48 h86\"><div class=\"t m0 x185 h87 y1bea ffa0 fs3a fc2 sc0 ls21 ws35\">7,04<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b92 w20 h86\"><div class=\"t m0 x184 h88 y1bea ff9f fs3a fc2 sc0 ls20 ws36\">7,721<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b93 w64 h86\"><div class=\"t m0 x0 h88 y1be8 ff9f fs3a fc2 sc0 ls2e ws4c\">Barging and tran<span class=\"ls1 ws0\">s-<span class=\"ls2a ws45\">shipment<span class=\"_ _2\"></span>s</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b93 w48 h86\"><div class=\"t m0 x185 h87 y1be8 ffa0 fs3a fc2 sc0 ls21 ws35\">6,48<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b93 w20 h86\"><div class=\"t m0 x184 h88 y1be8 ff9f fs3a fc2 sc0 ls20 ws36\">6,669<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b94 w64 h8a\"><div class=\"t m0 x0 h88 y1c65 ff9f fs3a fc2 sc0 ls26 ws3d\">Rail expenses<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b94 w48 h8a\"><div class=\"t m0 x185 h87 y1c65 ffa0 fs3a fc2 sc0 ls21 ws35\">5,12<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b94 w20 h8a\"><div class=\"t m0 x184 h88 y1c65 ff9f fs3a fc2 sc0 ls20 ws36\">5,643<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b95 w64 h86\"><div class=\"t m0 x0 h88 y1be8 ff9f fs3a fc2 sc0 ls29 ws42\">Biological asset<span class=\"_ _2\"></span>s market<span class=\"_ _2\"></span> valuatio<span class=\"_ _2\"></span>n adjustment<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b95 w25 h86\"><div class=\"t m0 x181 h87 y1be8 ffa0 fs3a fc2 sc0 ls21 ws35\">(12,6<span class=\"_ _2\"></span>07)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b95 w20 h86\"><div class=\"t m0 x1a0 h88 y1be8 ff9f fs3a fc2 sc0 ls20 ws36\">699<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b96 w64 h86\"><div class=\"t m0 x0 h88 y1bf4 ff9f fs3a fc2 sc0 ls26 ws3d\">Other expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b96 w48 h86\"><div class=\"t m0 x185 h87 y1bf4 ffa0 fs3a fc2 sc0 ls21 ws35\">1,36<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b96 w20 h86\"><div class=\"t m0 x184 h88 y1bf4 ff9f fs3a fc2 sc0 ls20 ws36\">7,766<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b97 w64 h8c\"><div class=\"t m0 x0 h87 y1c3f ffa0 fs3a fc2 sc0 ls2c ws5a\">Total operating e<span class=\"_ _1\"></span>xpenses<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b97 w48 h8c\"><div class=\"t m0 x17a h87 y1c3f ffa0 fs3a fc2 sc0 ls21 ws35\">1,74<span class=\"_ _2\"></span>6,370<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b97 w20 h8c\"><div class=\"t m0 x17b h88 y1c3f ff9f fs3a fc2 sc0 ls20 ws36\">1,851,010<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 h98 ff9f fs39 fc2 sc0 ls2f ws70 gs1a5\">An analysis <span class=\"_ _2\"></span>of administra<span class=\"_ _2\"></span>tive and gene<span class=\"_ _2\"></span>ral expenses is<span class=\"_ _2\"></span> as follows<span class=\"_ _2\"></span>:<span class=\"ls1 ws0\"> </span></div><div class=\"gs1a3\"><table class=\"s w14b h11a\" id=\"_df1fb425-b5b6-4c24-bf15-4ba05bde534e\"><tr><td></td><td class=\"c x2be y2b98 w6a hb7\"><div class=\"t m0 x197 h82 y1f54 ff9f fs3b fc2 sc0 ls19 ws2d\">For<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">the</span> years en<span class=\"_ _2\"></span>ded November <span class=\"ls1b ws2f\">30</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2b99 w152 h102\"><div class=\"t m0 x245 h82 y29a6 ff9f fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2bf h82 y29a7 ff9f fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x2a7 y2b9a w20 h83\"><div class=\"t m0 x177 h85 y1f57 ffa0 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b9a w55 h83\"><div class=\"t m0 x177 h82 y1f57 ff9f fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2b9b w69 h90\"><div class=\"t m0 x0 h88 y1f74 ff9f fs3a fc2 sc0 ls29 ws42\">Administrative<span class=\"_ _2\"></span> and gener<span class=\"_ _2\"></span>al e<span class=\"ls20 ws36\">mplo<span class=\"_ _2\"></span>yee<span class=\"ffa1 ls2e ws5c\">s\u2019</span><span class=\"ls1 ws0\"> <span class=\"ls24 ws3a\">personnel and </span> </span></span></div><div class=\"t m0 x0 h88 y1c65 ff9f fs3a fc2 sc0 ls26 ws3d\">benefit expen<span class=\"_ _1\"></span>ses<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x247 h87 y2b9c ffa0 fs3a fc2 sc0 ls21 ws35\">224,<span class=\"_ _2\"></span>906<span class=\"_ _195\"> </span></td><td class=\"t m0 x2c0 h88 y2b9c ff9f fs3a fc2 sc0 ls20 ws36\">210,913<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x241 y2b9d w69 h86\"><div class=\"t m0 x0 h88 y1be8 ff9f fs3a fc2 sc0 ls24 ws3a\">Information systems<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b9d w20 h86\"><div class=\"t m0 x179 h87 y1be8 ffa0 fs3a fc2 sc0 ls23 ws39\">24,332<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b9d w55 h86\"><div class=\"t m0 x183 h88 y1be8 ff9f fs3a fc2 sc0 ls20 ws36\">19,411<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2b9e w69 h8a\"><div class=\"t m0 x0 h88 y1c65 ff9f fs3a fc2 sc0 ls26 ws3d\">Profession<span class=\"_ _1\"></span>al fees<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b9e w20 h8a\"><div class=\"t m0 x179 h87 y1c65 ffa0 fs3a fc2 sc0 ls23 ws39\">17,105<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b9e w55 h8a\"><div class=\"t m0 x183 h88 y1c65 ff9f fs3a fc2 sc0 ls20 ws36\">13,019<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2b9f w69 h86\"><div class=\"t m0 x0 h88 y1bef ff9f fs3a fc2 sc0 ls26 ws3d\">Travel an<span class=\"_ _1\"></span>d entertainment expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b9f w20 h86\"><div class=\"t m0 x185 h87 y1bef ffa0 fs3a fc2 sc0 ls21 ws35\">9,33<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b9f w55 h86\"><div class=\"t m0 x184 h88 y1bef ff9f fs3a fc2 sc0 ls20 ws36\">7,939<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba0 w69 ha1\"><div class=\"t m0 x0 h88 y1f5f ff9f fs3a fc2 sc0 ls26 ws3d\">Office expenses<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba0 w20 ha1\"><div class=\"t m0 x185 h87 y1f5f ffa0 fs3a fc2 sc0 ls21 ws35\">7,02<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba0 w55 ha1\"><div class=\"t m0 x184 h88 y1f5f ff9f fs3a fc2 sc0 ls20 ws36\">6,924<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba1 w69 h8a\"><div class=\"t m0 x0 h88 y1c3f ff9f fs3a fc2 sc0 ls26 ws5b\">Legal f<span class=\"_ _1\"></span>ees<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba1 w20 h8a\"><div class=\"t m0 x185 h87 y1c3f ffa0 fs3a fc2 sc0 ls21 ws35\">4,48<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba1 w55 h8a\"><div class=\"t m0 x184 h88 y1c3f ff9f fs3a fc2 sc0 ls20 ws36\">2,993<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba2 w69 h86\"><div class=\"t m0 x0 h88 y1c4c ff9f fs3a fc2 sc0 ls29 ws42\">Investor<span class=\"_ _2\"></span> relations a<span class=\"_ _2\"></span>nd publicity<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba2 w20 h86\"><div class=\"t m0 x185 h87 y1c4c ffa0 fs3a fc2 sc0 ls21 ws35\">2,83<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba2 w55 h86\"><div class=\"t m0 x184 h88 y1c4c ff9f fs3a fc2 sc0 ls20 ws36\">2,886<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba3 w69 h86\"><div class=\"t m0 x0 h88 y1bef ff9f fs3a fc2 sc0 ls26 ws3d\">Office leas<span class=\"_ _1\"></span>e expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba3 w20 h86\"><div class=\"t m0 x185 h87 y1bef ffa0 fs3a fc2 sc0 ls21 ws35\">1,58<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba3 w55 h86\"><div class=\"t m0 x184 h88 y1bef ff9f fs3a fc2 sc0 ls20 ws36\">1,692<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba4 w69 h8a\"><div class=\"t m0 x0 h88 y1c4d ff9f fs3a fc2 sc0 ls26 ws3d\">Board fees<span class=\"_ _1\"></span> and expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba4 w20 h8a\"><div class=\"t m0 x185 h87 y1c4d ffa0 fs3a fc2 sc0 ls21 ws35\">1,37<span class=\"_ _2\"></span>9<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba4 w55 h8a\"><div class=\"t m0 x184 h88 y1c4d ff9f fs3a fc2 sc0 ls20 ws36\">1,948<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba5 w69 h86\"><div class=\"t m0 x0 h88 y1bfa ff9f fs3a fc2 sc0 ls24 ws3a\">Management fee to joint venture<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba5 w20 h86\"><div class=\"t m0 x185 h87 y1bfa ffa0 fs3a fc2 sc0 ls21 ws35\">1,47<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba5 w55 h86\"><div class=\"t m0 x184 h88 y1bfa ff9f fs3a fc2 sc0 ls20 ws36\">1,838<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba6 w69 h86\"><div class=\"t m0 x0 h88 y1bf8 ff9f fs3a fc2 sc0 ls24 ws3a\">Communication expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba6 w20 h86\"><div class=\"t m0 x177 h87 y1bf8 ffa0 fs3a fc2 sc0 ls21 ws35\">856<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba6 w55 h86\"><div class=\"t m0 x1a0 h88 y1bf8 ff9f fs3a fc2 sc0 ls20 ws36\">761<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba7 w69 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff9f fs3a fc2 sc0 ls24 ws3a\">Bank non<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls26 ws3d\">interest fees</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2a7 y2ba7 w20 h8a\"><div class=\"t m0 x185 h87 y1bf6 ffa0 fs3a fc2 sc0 ls21 ws35\">2,00<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba7 w55 h8a\"><div class=\"t m0 x184 h88 y1bf6 ff9f fs3a fc2 sc0 ls20 ws36\">1,283<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba8 w69 h86\"><div class=\"t m0 x0 h88 y1c05 ff9f fs3a fc2 sc0 ls2a ws45\">Othe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba8 w20 h86\"><div class=\"t m0 x185 h87 y1c05 ffa0 fs3a fc2 sc0 ls21 ws35\">3,48<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba8 w55 h86\"><div class=\"t m0 x184 h88 y1c05 ff9f fs3a fc2 sc0 ls20 ws36\">2,480<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba9 w69 h86\"><div class=\"t m0 x0 h87 y1bde ffa0 fs3a fc2 sc0 ls2c ws5a\">Total administr<span class=\"_ _1\"></span>ative and general expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba9 w20 h86\"><div class=\"t m0 x180 h87 y1bde ffa0 fs3a fc2 sc0 ls21 ws35\">300,<span class=\"_ _2\"></span>794<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba9 w55 h86\"><div class=\"t m0 x181 h88 y1bde ff9f fs3a fc2 sc0 ls20 ws36\">274,087<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 h98 ffa5 fs39 fc2 sc0 ls2f ws70 gs1a7\">An analysis <span class=\"_ _2\"></span>of employee be<span class=\"_ _2\"></span>nefit <span class=\"ws4e\">ex<span class=\"_ _2\"></span>penses<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">included<span class=\"_ _2\"></span> in op<span class=\"_ _2\"></span>era<span class=\"_ _2\"></span>ting e<span class=\"_ _2\"></span>xp<span class=\"_ _2\"></span>enses a<span class=\"_ _2\"></span>nd ad<span class=\"_ _2\"></span>mini<span class=\"_ _2\"></span>stra<span class=\"_ _2\"></span>tive a<span class=\"_ _2\"></span>nd </span></span></span></div><div class=\"t m0 h98 ffa5 fs39 fc2 sc0 ls2f ws70 gs1a8\">general expense<span class=\"_ _2\"></span>s is as foll<span class=\"_ _2\"></span>ows:<span class=\"ls1 ws0\"> </span></div><div class=\"gs1a9\"><table class=\"s w10e h11b\" id=\"_f92c371d-d83f-4629-a99a-017311af558e\"><tr><td></td><td class=\"c x2bd y2baa w68 hb7\"><div class=\"t m0 x197 h82 y1f57 ffa5 fs3b fc2 sc0 ls19 ws2d\">For<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">the</span> years en<span class=\"_ _2\"></span>ded November <span class=\"ls1b ws2f\">30</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2bab w153 h102\"><div class=\"t m0 x245 h82 y29a6 ffa5 fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2a3 h82 y29a7 ffa5 fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands<span class=\"ws32\">, except employee data</span></span><span class=\"ls1 ws0\"><span class=\"ws32\">)<span class=\"_ _195\"> </span></span></span></div></td><td class=\"c x2a2 y2bac w48 hb9\"><div class=\"t m0 x177 h85 y1c8e ffa4 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bac w20 hb9\"><div class=\"t m0 x177 h82 y1c8e ffa5 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bad w64 h86\"><div class=\"t m0 x0 h88 y1bf4 ffa5 fs3a fc2 sc0 ls29 ws44\">Salaries<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bad w48 h86\"><div class=\"t m0 x180 h87 y1bf4 ffa4 fs3a fc2 sc0 ls21 ws35\">324,<span class=\"_ _2\"></span>441<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bad w20 h86\"><div class=\"t m0 x181 h88 y1bf4 ffa5 fs3a fc2 sc0 ls20 ws36\">290,654<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bae w64 h8c\"><div class=\"t m0 x0 h88 y1c3f ffa5 fs3a fc2 sc0 ls24 ws3a\">Profit sharing and long<span class=\"ls1 ws0\">-<span class=\"ls26 ws3d\">term incentive prog<span class=\"_ _1\"></span>rammes</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2a2 y2bae w48 h8c\"><div class=\"t m0 x179 h87 y1c3f ffa4 fs3a fc2 sc0 ls27 ws3f\">28<span class=\"ls1 ws0\">,<span class=\"ls66 ws9d\">053</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bae w20 h8c\"><div class=\"t m0 x183 h88 y1c3f ffa5 fs3a fc2 sc0 ls20 ws36\">30,736<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2baf w64 h89\"><div class=\"t m0 x0 h88 y1bf4 ffa5 fs3a fc2 sc0 ls26 ws3d\">Social security exp<span class=\"_ _1\"></span>enses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2baf w48 h89\"><div class=\"t m0 x179 h87 y1bf4 ffa4 fs3a fc2 sc0 ls23 ws39\">28,196<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2baf w20 h89\"><div class=\"t m0 x183 h88 y1bf4 ffa5 fs3a fc2 sc0 ls20 ws36\">24,745<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bb0 w64 h86\"><div class=\"t m0 x0 h88 y1bfa ffa5 fs3a fc2 sc0 ls22 ws37\">Pension<span class=\"_ _1\"></span> expenses for define<span class=\"_ _1\"></span>d contribution plans<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>(Note 25<span class=\"_ _1\"></span>)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bb0 w48 h86\"><div class=\"t m0 x179 h87 y1bfa ffa4 fs3a fc2 sc0 ls23 ws39\">21,631<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bb0 w20 h86\"><div class=\"t m0 x183 h88 y1bfa ffa5 fs3a fc2 sc0 ls20 ws36\">20,246<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bb1 w64 h94\"><div class=\"t m0 x0 h88 y1bff ffa5 fs3a fc2 sc0 ls22 ws37\">Tempora<span class=\"_ _1\"></span>ry and contract emp<span class=\"_ _1\"></span>loyees<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bb1 w48 h94\"><div class=\"t m0 x179 h87 y1bff ffa4 fs3a fc2 sc0 ls23 ws39\">18,969<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bb1 w20 h94\"><div class=\"t m0 x183 h88 y1bff ffa5 fs3a fc2 sc0 ls20 ws36\">15,518<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bb2 w64 h86\"><div class=\"t m0 x0 h88 y1bfa ffa5 fs3a fc2 sc0 ls22 ws37\">Travel of s<span class=\"_ _1\"></span>eafarers and relocation<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bb2 w48 h86\"><div class=\"t m0 x179 h87 y1bfa ffa4 fs3a fc2 sc0 ls23 ws39\">14,812<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bb2 w20 h86\"><div class=\"t m0 x183 h88 y1bfa ffa5 fs3a fc2 sc0 ls20 ws36\">13,821<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bb3 w64 h86\"><div class=\"t m0 x0 h88 y1c50 ffa5 fs3a fc2 sc0 ls29 ws42\">Medical and li<span class=\"_ _2\"></span>fe insu<span class=\"_ _2\"></span>rance<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bb3 w48 h86\"><div class=\"t m0 x179 h87 y1c50 ffa4 fs3a fc2 sc0 ls23 ws39\">15,585<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bb3 w20 h86\"><div class=\"t m0 x183 h88 y1c50 ffa5 fs3a fc2 sc0 ls20 ws36\">14,056<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bb4 w64 h8a\"><div class=\"t m0 x0 h88 y1bf6 ffa5 fs3a fc2 sc0 ls29 ws44\">Training<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bb4 w48 h8a\"><div class=\"t m0 x185 h87 y1bf6 ffa4 fs3a fc2 sc0 ls21 ws35\">8,73<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bb4 w20 h8a\"><div class=\"t m0 x184 h88 y1bf6 ffa5 fs3a fc2 sc0 ls20 ws36\">8,499<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bb5 w64 h86\"><div class=\"t m0 x0 h88 y1bdc ffa5 fs3a fc2 sc0 ls26 ws3d\">Expatriate exp<span class=\"_ _1\"></span>enses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bb5 w48 h86\"><div class=\"t m0 x185 h87 y1bdc ffa4 fs3a fc2 sc0 ls21 ws35\">1,45<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bb5 w20 h86\"><div class=\"t m0 x184 h88 y1bdc ffa5 fs3a fc2 sc0 ls20 ws36\">1,792<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x246 y2bb6 w154 hfa\"><div class=\"t m0 x245 h88 y2933 ffa5 fs3a fc2 sc0 ls20 ws34\">Pension e<span class=\"_ _2\"></span>xpense<span class=\"_ _2\"></span>s for de<span class=\"_ _2\"></span>fined<span class=\"_ _2\"></span> benefit<span class=\"_ _2\"></span> plans<span class=\"_ _2\"></span> and po<span class=\"_ _2\"></span>st<span class=\"ls1 ws0\">-<span class=\"ls26 ws3d\">retirem<span class=\"_ _1\"></span>ent benefit<span class=\"_ _195\"> </span></span></span></div></td><td></td><td></td></tr><tr><td class=\"c x246 y2bb7 w155 hfa\"><div class=\"t m0 x245 h88 y2933 ffa5 fs3a fc2 sc0 ls20 ws34\">plan (No<span class=\"_ _2\"></span>te 25)<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x2c1 h87 y2bb8 ffa4 fs3a fc2 sc0 ls21 ws35\">878<span class=\"_ _195\"> </span></td><td class=\"t m0 x2c2 h88 y2bb8 ffa5 fs3a fc2 sc0 ls20 ws36\">1,067<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2bb9 w64 h86\"><div class=\"t m0 x0 h88 y1bde ffa5 fs3a fc2 sc0 ls26 ws3d\">Other benefi<span class=\"_ _1\"></span>ts<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bb9 w48 h86\"><div class=\"t m0 x185 h87 y1bde ffa4 fs3a fc2 sc0 ls27 ws3f\">8,<span class=\"ls21 ws35\">836</span><span class=\"ls21 ws35\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x24e y2bb9 w20 h86\"><div class=\"t m0 x183 h88 y1bde ffa5 fs3a fc2 sc0 ls20 ws36\">10,177<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bba w64 h8c\"><div class=\"t m0 x0 h87 y1be0 ffa4 fs3a fc2 sc0 ls1f ws33\">Total empl<span class=\"_ _2\"></span>oyee <span class=\"ws43\">b<span class=\"_ _2\"></span>enefit<span class=\"ls1 ws0\"> </span>expen<span class=\"_ _2\"></span>ses</span><span class=\"ws43\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2a2 y2bba w48 h8c\"><div class=\"t m0 x180 h87 y1be0 ffa4 fs3a fc2 sc0 ls21 ws35\">471,<span class=\"_ _2\"></span>588<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bba w20 h8c\"><div class=\"t m0 x181 h88 y1be0 ffa5 fs3a fc2 sc0 ls20 ws36\">431,311<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bbb w64 h86\"><div class=\"t m0 x0 h88 y1be4 ffa5 fs3a fc2 sc0 ls26 ws3d\">Average nu<span class=\"_ _1\"></span>mber of employees: <span class=\"ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x24b y2bbc w64 h86\"><div class=\"t m0 x0 h88 y1be2 ffa5 fs3a fc2 sc0 ls24 ws3b\">Tankers*<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bbc w48 h86\"><div class=\"t m0 x185 h87 y1be2 ffa4 fs3a fc2 sc0 ls21 ws35\">4,73<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bbc w20 h86\"><div class=\"t m0 x184 h88 y1be2 ffa5 fs3a fc2 sc0 ls20 ws36\">4,752<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bbd w64 ha4\"><div class=\"t m0 x0 h88 y1c18 ffa5 fs3a fc2 sc0 ls24 ws3a\">Tank Containers<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bbd w48 ha4\"><div class=\"t m0 x177 h87 y1c18 ffa4 fs3a fc2 sc0 ls21 ws35\">908<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bbd w20 ha4\"><div class=\"t m0 x1a0 h88 y1c18 ffa5 fs3a fc2 sc0 ls20 ws36\">823<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bbe w64 h86\"><div class=\"t m0 x0 h88 y1bea ffa5 fs3a fc2 sc0 ls29 ws44\">Terminals<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bbe w48 h86\"><div class=\"t m0 x177 h87 y1bea ffa4 fs3a fc2 sc0 ls21 ws35\">622<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bbe w20 h86\"><div class=\"t m0 x1a0 h88 y1bea ffa5 fs3a fc2 sc0 ls20 ws36\">628<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x246 y2bbf w156 hfa\"><div class=\"t m0 x245 h88 y2933 ffa5 fs3a fc2 sc0 ls23 ws39\">Stolt<span class=\"_ _195\"> </span></div><div class=\"t m0 x2c3 h88 y2933 ffa5 fs3a fc2 sc0 ls2e ws4c\">Sea Farm<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x2c1 h87 y2bc0 ffa4 fs3a fc2 sc0 ls21 ws35\">637<span class=\"_ _195\"> </span></td><td class=\"t m0 x2c4 h88 y2bc0 ffa5 fs3a fc2 sc0 ls20 ws36\">604<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2bc1 w64 h8a\"><div class=\"t m0 x0 h88 y1c65 ffa5 fs3a fc2 sc0 ls29 ws44\">Stolt<span class=\"ls1 ws0\">-</span><span class=\"ws42\">Nielsen Gas</span><span class=\"ws42\">**<span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2a2 y2bc1 w48 h8a\"><div class=\"t m0 x193 h87 y1c65 ffa4 fs3a fc2 sc0 ls27 ws3f\">11<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bc1 w20 h8a\"><div class=\"t m0 x2d h88 y1c65 ffa6 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffa5\"> </span></div></td></tr><tr><td class=\"c x24b y2bc2 w64 h86\"><div class=\"t m0 x0 h88 y1be8 ffa5 fs3a fc2 sc0 ls2a ws45\">Othe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bc2 w48 h86\"><div class=\"t m0 x177 h87 y1be8 ffa4 fs3a fc2 sc0 ls21 ws35\">136<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bc2 w20 h86\"><div class=\"t m0 x193 h88 y1be8 ffa5 fs3a fc2 sc0 ls20 ws36\">91<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bc3 w64 h86\"><div class=\"t m0 x0 h87 y1bf4 ffa4 fs3a fc2 sc0 ls21 ws38\">Total<span class=\"_ _2\"></span> ave<span class=\"_ _2\"></span>rage n<span class=\"_ _2\"></span>umbe<span class=\"_ _2\"></span>r of <span class=\"_ _2\"></span><span class=\"ls2c ws91\">employees</span><span class=\"ls2c ws91\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2a2 y2bc3 w48 h86\"><div class=\"t m0 x185 h87 y1bf4 ffa4 fs3a fc2 sc0 ls27 ws3f\">7,<span class=\"ls21 ws35\">040</span><span class=\"ls21 ws35\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x24e y2bc3 w20 h86\"><div class=\"t m0 x184 h88 y1bf4 ffa5 fs3a fc2 sc0 ls20 ws36\">6,898<span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 ha2 ffa5 fs3f fc2 sc0 ls1 ws0 gs1aa\">* <span class=\"_ _8e\"> </span><span class=\"ls3e ws64\">Includin<span class=\"_ _2\"></span>g seaf<span class=\"_ _2\"></span>arer<span class=\"_ _2\"></span>s working<span class=\"_ _2\"></span> on join<span class=\"_ _2\"></span>t ven<span class=\"_ _2\"></span>ture or<span class=\"_ _2\"></span> third<span class=\"_ _2\"></span></span>-<span class=\"ls67 wsaf\">party sh<span class=\"_ _2\"></span>ip<span class=\"_ _2\"></span>s.</span> </div><div class=\"t m0 ha2 ffa5 fs3f fc2 sc0 ls3d ws63 gs1ab\">**<span class=\"ls1 ws0\"> <span class=\"_ _0\"></span><span class=\"ls3f ws67\">Excl<span class=\"_ _1\"></span>udes t<span class=\"_ _1\"></span>hird p<span class=\"_ _1\"></span>arty s<span class=\"_ _1\"></span>eafar<span class=\"_ _1\"></span>ers.<span class=\"_ _195\"> </span></span></span><span class=\"ls1 ws0\"><span class=\"ls3f ws67\"><span class=\"ls1 ws0\"> </span></span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-602": {
   "value": "4.<span class=\"ls1 ws0\"> Operat<span class=\"ls6c wsa8\">ing</span> Revenue </span>Acc<span class=\"_ _3\"></span>ounti<span class=\"_ _1\"></span>ng <span class=\"_ _1\"></span><span class=\"ls1 ws0\">p<span class=\"ls6d wsa9\">olic<span class=\"_ _1\"></span>y<span class=\"ls1 ws0\"> </span></span></span>Oper<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng re<span class=\"_ _2\"></span>ven<span class=\"_ _2\"></span>ue <span class=\"ls2f ws2f\">is rec<span class=\"_ _2\"></span>ognised <span class=\"_ _2\"></span>when performance oblig<span class=\"_ _2\"></span>ations <span class=\"_ _2\"></span>are met, which<span class=\"_ _2\"></span> transfer the<span class=\"_ _2\"></span> control of<span class=\"_ _2\"></span> </span>goods <span class=\"_ _2\"></span>or pr<span class=\"_ _2\"></span>ovide <span class=\"_ _2\"></span>service<span class=\"_ _2\"></span>s to t<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>ustome<span class=\"_ _2\"></span>r, at<span class=\"_ _2\"></span> an <span class=\"ls49 ws78\">am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> <span class=\"wsaa\">that r<span class=\"_ _2\"></span>efl<span class=\"_ _2\"></span>ect<span class=\"_ _2\"></span>s the<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>nsid<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ion t<span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>whic<span class=\"_ _2\"></span>h th<span class=\"_ _2\"></span>e </span></span>Group exp<span class=\"_ _2\"></span>ects to b<span class=\"_ _2\"></span>e entit<span class=\"_ _2\"></span>led in <span class=\"_ _2\"></span>exchange<span class=\"_ _2\"></span> for th<span class=\"_ _2\"></span>ose good<span class=\"_ _2\"></span>s or ser<span class=\"_ _2\"></span>vices, n<span class=\"_ _2\"></span>et of di<span class=\"_ _2\"></span>scounts<span class=\"_ _2\"></span><span class=\"ls49 ws7c\">, age<span class=\"_ _2\"></span>ncy<span class=\"_ _2\"></span> </span>commi<span class=\"_ _2\"></span>ssion<span class=\"_ _2\"></span> fee<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">and sal<span class=\"_ _2\"></span>es t<span class=\"_ _2\"></span>axe<span class=\"_ _2\"></span>s.</span> </span>C<span class=\"ls49 wsaa\">osts to<span class=\"_ _2\"></span> obt<span class=\"_ _2\"></span>ain <span class=\"_ _2\"></span>a con<span class=\"_ _2\"></span>tra<span class=\"_ _2\"></span>ct</span> <span class=\"ls49 ws78\">are <span class=\"ls48 ws32\">immedi<span class=\"_ _2\"></span>ately exp<span class=\"_ _2\"></span>ensed w<span class=\"_ _2\"></span>hen the r<span class=\"_ _2\"></span>elated r<span class=\"_ _2\"></span>evenue is<span class=\"_ _2\"></span> expected<span class=\"_ _2\"></span> to be </span></span>recognised<span class=\"_ _2\"></span> within one year. <span class=\"ls1 ws0\"> </span>(i) T<span class=\"_ _2\"></span>anke<span class=\"_ _2\"></span>rs<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Oper<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng r<span class=\"ls48 ws32\">ev<span class=\"_ _2\"></span>enue is<span class=\"_ _2\"></span> recogni<span class=\"_ _2\"></span>sed upo<span class=\"_ _2\"></span>n delivery <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>services i<span class=\"_ _2\"></span>n accor<span class=\"_ _2\"></span>dance wit<span class=\"_ _2\"></span>h the t<span class=\"_ _2\"></span>erms <span class=\"_ _2\"></span>and </span>condit<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>ns of<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e co<span class=\"_ _2\"></span>ntr<span class=\"_ _2\"></span>act <span class=\"_ _2\"></span>of af<span class=\"_ _2\"></span>fre<span class=\"_ _2\"></span>ight<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">or</span> </span>spot co<span class=\"_ _2\"></span>ntr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws92\">and such </span></span><span class=\"ws78\">service<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">are perfo<span class=\"_ _2\"></span>rmed over<span class=\"_ _2\"></span> </span></span></span>time<span class=\"_ _2\"></span>. For<span class=\"_ _2\"></span> voy<span class=\"_ _2\"></span>age<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>n pro<span class=\"_ _2\"></span>gre<span class=\"_ _2\"></span>ss at<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> end<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>a pe<span class=\"_ _2\"></span>rio<span class=\"_ _2\"></span>d, the<span class=\"_ _2\"></span> unc<span class=\"_ _2\"></span>ert<span class=\"_ _2\"></span>aint<span class=\"_ _2\"></span>y a<span class=\"_ _2\"></span>nd t<span class=\"_ _2\"></span>he dep<span class=\"_ _2\"></span>end<span class=\"_ _2\"></span>enc<span class=\"_ _2\"></span>e on<span class=\"_ _2\"></span> estim<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> gr<span class=\"_ _2\"></span>eater<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>an f<span class=\"_ _2\"></span>or f<span class=\"_ _2\"></span>inal<span class=\"_ _2\"></span>ised<span class=\"_ _2\"></span> voy<span class=\"_ _2\"></span>age<span class=\"_ _2\"></span>s. T<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>ses <span class=\"_ _2\"></span>a pe<span class=\"_ _2\"></span>rce<span class=\"_ _2\"></span>ntag<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>esti<span class=\"_ _2\"></span>mat<span class=\"_ _2\"></span>ed reve<span class=\"_ _2\"></span>nue f<span class=\"_ _2\"></span>or t<span class=\"_ _2\"></span>he v<span class=\"_ _2\"></span>oy<span class=\"_ _2\"></span>age e<span class=\"_ _2\"></span>qual<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he p<span class=\"_ _2\"></span>erc<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>a<span class=\"ls61 wsac\">ge of t<span class=\"_ _2\"></span>he estimated duratio<span class=\"_ _2\"></span>n of the </span><span class=\"ws78\">voy<span class=\"_ _2\"></span>age<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls48 ws7d\">completed at </span></span></span>the bal<span class=\"_ _2\"></span>ance sheet d<span class=\"_ _2\"></span>ate. <span class=\"ws72\">D<span class=\"_ _2\"></span>emurr<span class=\"ls49 wsaa\">a<span class=\"_ _2\"></span>ge and<span class=\"_ _2\"></span> ot<span class=\"_ _2\"></span>her<span class=\"_ _2\"></span> reve<span class=\"_ _2\"></span>nue<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e unc<span class=\"_ _2\"></span>ert<span class=\"_ _2\"></span>ain<span class=\"_ _2\"></span> elem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> reve<span class=\"_ _2\"></span>nue <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>are<span class=\"_ _2\"></span> </span></span>recog<span class=\"_ _2\"></span>nis<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>when<span class=\"_ _2\"></span> incur<span class=\"_ _2\"></span>red<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span>nd ge<span class=\"_ _2\"></span>neral<span class=\"_ _2\"></span>ly i<span class=\"_ _2\"></span>nvoic<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>at t<span class=\"_ _2\"></span>he e<span class=\"_ _2\"></span>nd <span class=\"_ _2\"></span>of th<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> </span><span class=\"ws78\">mont<span class=\"_ _2\"></span>h.<span class=\"ls1 ws0\"> </span></span>The Group oper<span class=\"_ _2\"></span>ates the Stolt<span class=\"_ _2\"></span> Tankers Joi<span class=\"_ _2\"></span>nt Service (<span class=\"ls46 ws6f\">S<span class=\"_ _2\"></span>TJS<span class=\"_ _2\"></span><span class=\"ls1 ws0\">) <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">and<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Sto<span class=\"_ _2\"></span>lt <span class=\"_ _2\"></span>NYK As<span class=\"_ _2\"></span>ia <span class=\"_ _2\"></span>Paci<span class=\"_ _2\"></span>fic<span class=\"_ _2\"></span> Ser<span class=\"_ _2\"></span>vic<span class=\"_ _2\"></span>e </span></span></span>Pool (S<span class=\"_ _2\"></span>NAPS P<span class=\"_ _2\"></span>ool)<span class=\"_ _2\"></span><span class=\"ls4b ws77\">, <span class=\"ls2f ws92\">which are <span class=\"ls49 ws78\">arrang<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span></span></span></span><span class=\"ls1\">s <span class=\"_ _1\"></span><span class=\"ls54 ws70\">in which t<span class=\"_ _2\"></span>he Group acts as the principal for t<span class=\"_ _2\"></span>he delivery </span></span>of se<span class=\"_ _2\"></span>rvic<span class=\"_ _2\"></span>es a<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span> provi<span class=\"_ _2\"></span>de<span class=\"_ _2\"></span>s the<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ord<span class=\"_ _2\"></span>inate<span class=\"_ _2\"></span>d mar<span class=\"_ _2\"></span>ket<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span>, op<span class=\"_ _2\"></span>erati<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n and<span class=\"_ _2\"></span> admi<span class=\"_ _2\"></span>nist<span class=\"_ _2\"></span>rat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> of d<span class=\"_ _2\"></span>eep<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span><span class=\"ws78\">sea </span>inter<span class=\"_ _2\"></span>con<span class=\"_ _2\"></span>tine<span class=\"_ _2\"></span>ntal<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"wsaa\">and r<span class=\"_ _2\"></span>egio<span class=\"_ _2\"></span>nal<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">parcel tank<span class=\"_ _2\"></span>ers owned or c<span class=\"_ _2\"></span>hartered by <span class=\"_ _2\"></span>the Group.<span class=\"_ _2\"></span> As the Gro<span class=\"_ _2\"></span>up acts as </span></span></span>the p<span class=\"_ _2\"></span>rinci<span class=\"_ _2\"></span>pal<span class=\"_ _2\"></span> in <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> arr<span class=\"_ _2\"></span>ange<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>, <span class=\"_ _2\"></span>all re<span class=\"_ _2\"></span>ven<span class=\"_ _2\"></span>ue r<span class=\"_ _2\"></span>el<span class=\"_ _2\"></span>ating<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls61 ws89\">the<span class=\"ls1 ws0\"> <span class=\"ls46 ws6f\">ST<span class=\"_ _2\"></span>JS</span> <span class=\"ls49 ws7c\">and SNA<span class=\"_ _2\"></span>PS Po<span class=\"_ _2\"></span>ol are</span> <span class=\"ls49 wsaa\">rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>a </span></span></span></span>gros<span class=\"_ _2\"></span>s basi<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he in<span class=\"_ _2\"></span>come<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent.<span class=\"_ _2\"></span> Ce<span class=\"_ _2\"></span>rtai<span class=\"_ _2\"></span>n s<span class=\"_ _2\"></span>hips<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> ar<span class=\"_ _2\"></span>e not<span class=\"_ _2\"></span> ow<span class=\"_ _2\"></span>ned b<span class=\"_ _2\"></span>y t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> ar<span class=\"_ _2\"></span>e tim<span class=\"_ _2\"></span>e chartered by th<span class=\"_ _2\"></span>e Group fr<span class=\"_ _2\"></span>om participants<span class=\"_ _2\"></span> in <span class=\"ls46 ws6f\">ST<span class=\"_ _2\"></span>JS<span class=\"ls1 ws0\"> <span class=\"ls53\">and the<span class=\"_ _2\"></span> SNAPS<span class=\"_ _2\"></span> Pool</span></span></span>.<span class=\"_ _2\"></span> The time<span class=\"_ _2\"></span> charter <span class=\"ls49 ws78\">e<span class=\"_ _2\"></span>xpe<span class=\"_ _2\"></span>nse<span class=\"ls1 ws0\"> <span class=\"ls54 ws83\">is </span></span></span>calc<span class=\"_ _2\"></span>ulat<span class=\"_ _2\"></span>ed b<span class=\"_ _2\"></span>ased<span class=\"_ _2\"></span> upo<span class=\"_ _2\"></span>n th<span class=\"_ _2\"></span>e co<span class=\"_ _2\"></span>mbi<span class=\"_ _2\"></span>ned <span class=\"_ _2\"></span>oper<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng r<span class=\"_ _2\"></span>even<span class=\"_ _2\"></span>ue of<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e s<span class=\"_ _2\"></span>hip<span class=\"_ _2\"></span>s <span class=\"ws78\">that<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls54 ws70\">participate in the <span class=\"ls46 ws6f\">ST<span class=\"_ _2\"></span>JS</span></span> </span>and </span>SNAPS P<span class=\"_ _2\"></span>ool <span class=\"ls48 ws32\">le<span class=\"_ _2\"></span>ss combi<span class=\"_ _2\"></span>ned voy<span class=\"_ _2\"></span>age expe<span class=\"_ _2\"></span>nses, o<span class=\"_ _2\"></span>verhead c<span class=\"_ _2\"></span>osts, <span class=\"_ _2\"></span><span class=\"ls49 ws78\">and</span></span><span class=\"ls1\"> <span class=\"ls54 ws70\">commissions to outside brokers </span></span>and <span class=\"_ _2\"></span>upon e<span class=\"_ _2\"></span>ac<span class=\"_ _2\"></span>h ship<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s carg<span class=\"_ _2\"></span>o c<span class=\"_ _2\"></span>apa<span class=\"_ _2\"></span>city,<span class=\"_ _2\"></span> its<span class=\"_ _2\"></span> numb<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span> of op<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ating<span class=\"_ _2\"></span> day<span class=\"_ _2\"></span>s d<span class=\"_ _2\"></span>uring<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> per<span class=\"_ _2\"></span>iod<span class=\"_ _2\"></span>, and<span class=\"_ _2\"></span> it<span class=\"_ _2\"></span>s assig<span class=\"_ _2\"></span>ned<span class=\"ls1 ws0\"> </span><span class=\"wsaa\">ear<span class=\"_ _2\"></span>ning<span class=\"_ _2\"></span>s f<span class=\"_ _2\"></span>ac<span class=\"ls53 ws80\">tor.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span>(ii<span class=\"_ _2\"></span>) Termi<span class=\"_ _2\"></span>nal<span class=\"_ _2\"></span>s <span class=\"ls1 ws0\"> </span>Tank <span class=\"_ _2\"></span>stor<span class=\"_ _2\"></span>age<span class=\"_ _2\"></span> rent<span class=\"_ _2\"></span>als<span class=\"_ _2\"></span>, i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> mini<span class=\"_ _2\"></span>mum<span class=\"_ _2\"></span> gua<span class=\"_ _2\"></span>rante<span class=\"_ _2\"></span>ed t<span class=\"_ _2\"></span>hro<span class=\"_ _2\"></span>ugh<span class=\"_ _2\"></span>puts<span class=\"_ _2\"></span>, ar<span class=\"_ _2\"></span>e re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>nised<span class=\"_ _2\"></span> o<span class=\"_ _2\"></span>ver t<span class=\"_ _2\"></span>he contractual peri<span class=\"_ _2\"></span>od during whic<span class=\"_ _2\"></span>h the service<span class=\"_ _2\"></span>s are rendered. T<span class=\"_ _2\"></span>hese c<span class=\"_ _2\"></span>harges are mostl<span class=\"_ _2\"></span>y <span class=\"ls49 wsaa\">due<span class=\"_ _2\"></span> at t<span class=\"_ _2\"></span>he </span>beginning of<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls4b ws49\">t<span class=\"_ _2\"></span>he mo<span class=\"_ _2\"></span>nth t<span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>which <span class=\"_ _2\"></span>such <span class=\"_ _2\"></span>char<span class=\"_ _2\"></span>ges r<span class=\"_ _2\"></span>elat<span class=\"_ _2\"></span>e. <span class=\"ls49 ws7c\">O<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng r<span class=\"wsaa\">e<span class=\"_ _2\"></span>venu<span class=\"_ _2\"></span>e fro<span class=\"_ _2\"></span>m ad<span class=\"_ _2\"></span>diti<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>al t<span class=\"_ _2\"></span>hroug<span class=\"_ _2\"></span>hpu<span class=\"_ _2\"></span>t </span></span></span></span>fees<span class=\"ls1 ws0\">, <span class=\"ls49 ws78\">ancillary<span class=\"_ _2\"></span> <span class=\"wsaa\">fees,<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> rail<span class=\"_ _2\"></span>car<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>orag<span class=\"_ _2\"></span>e, l<span class=\"_ _2\"></span>oadi<span class=\"_ _2\"></span>ng, <span class=\"_ _2\"></span>swit<span class=\"_ _2\"></span>chi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>othe<span class=\"_ _2\"></span>r</span></span> </span>fees<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">based<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>actual<span class=\"_ _2\"></span> u<span class=\"_ _2\"></span>sage <span class=\"_ _2\"></span>are<span class=\"_ _2\"></span> </span></span>recognised at<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">the po<span class=\"_ _2\"></span>int i<span class=\"_ _2\"></span>n ti<span class=\"_ _2\"></span>me <span class=\"_ _2\"></span>whe<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>hose <span class=\"_ _2\"></span>ser<span class=\"_ _2\"></span>vice<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> del<span class=\"_ _2\"></span>iver<span class=\"_ _2\"></span>ed.<span class=\"_ _2\"></span></span> </span>(<span class=\"_ _1\"></span>i<span class=\"ls4a ws95\">ii) Tank Cont<span class=\"_ _2\"></span>ainers </span> Transportation r<span class=\"_ _2\"></span>evenue is reco<span class=\"_ _2\"></span>gnised upon deli<span class=\"_ _2\"></span>very of ser<span class=\"_ _2\"></span>vices in accord<span class=\"_ _2\"></span>ance with t<span class=\"_ _2\"></span>he agreement with<span class=\"_ _2\"></span> cust<span class=\"_ _2\"></span>omer<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>and is<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>og<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d over<span class=\"_ _2\"></span> ti<span class=\"_ _2\"></span>me u<span class=\"_ _2\"></span>sing<span class=\"_ _2\"></span> a me<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> pr<span class=\"_ _2\"></span>ogre<span class=\"_ _2\"></span>ss. <span class=\"_ _2\"></span>For<span class=\"_ _2\"></span> ta<span class=\"_ _2\"></span>nk co<span class=\"_ _2\"></span>ntai<span class=\"_ _2\"></span>ner<span class=\"_ _2\"></span> shipments<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls48 ws32\">in p<span class=\"_ _2\"></span>rogres<span class=\"_ _2\"></span>s at t<span class=\"_ _2\"></span>he end <span class=\"_ _2\"></span>of a peri<span class=\"_ _2\"></span>od, the <span class=\"_ _2\"></span>uncert<span class=\"_ _2\"></span>ainty and t<span class=\"_ _2\"></span>he depe<span class=\"_ _2\"></span>ndence o<span class=\"_ _2\"></span>n esti<span class=\"_ _2\"></span>mates ar<span class=\"_ _2\"></span>e </span></span>great<span class=\"_ _2\"></span>er t<span class=\"_ _2\"></span>han f<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nali<span class=\"_ _2\"></span>sed m<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s. T<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>se<span class=\"_ _2\"></span>s a pe<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>cent<span class=\"_ _2\"></span>age o<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he est<span class=\"_ _2\"></span>im<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> rev<span class=\"_ _2\"></span>enue<span class=\"_ _2\"></span> for t<span class=\"_ _2\"></span>he <span class=\"ws77\">shi<span class=\"_ _2\"></span>p<span class=\"ls48 ws72\">men<span class=\"_ _2\"></span>t <span class=\"ls49 wsaa\">using t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> perce<span class=\"_ _2\"></span>ntag<span class=\"_ _2\"></span>e o<span class=\"_ _2\"></span>f eff<span class=\"_ _2\"></span>ort<span class=\"_ _2\"></span> (<span class=\"ff99 ls1 ws0\">\u2018</span>inp<span class=\"_ _2\"></span>ut me<span class=\"_ _2\"></span>thod<span class=\"_ _2\"></span><span class=\"ff99 ls1 ws0\">\u2019</span>) req<span class=\"_ _2\"></span>uire<span class=\"_ _2\"></span>d at<span class=\"_ _2\"></span> ori<span class=\"_ _2\"></span>gin a<span class=\"_ _2\"></span>nd d<span class=\"_ _2\"></span>est<span class=\"_ _2\"></span>inati<span class=\"_ _2\"></span>on.<span class=\"_ _2\"></span> </span></span></span>Demurrage <span class=\"ls49 wsaa\">and<span class=\"_ _2\"></span> othe<span class=\"_ _2\"></span>r re<span class=\"_ _2\"></span>ve<span class=\"_ _2\"></span>nue<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e unc<span class=\"_ _2\"></span>ertai<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> elem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws92\">re<span class=\"_ _2\"></span>venue and are recognised when incurred </span></span></span>and g<span class=\"_ _2\"></span>ener<span class=\"_ _2\"></span>ally<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span>voic<span class=\"_ _2\"></span>ed at<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> end<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> <span class=\"ls61 ws89\">the<span class=\"ls1 ws0\"> </span></span><span class=\"ws78\">month.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>(iv<span class=\"_ _2\"></span>) SSF<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Oper<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng r<span class=\"ls48 ws72\">ev<span class=\"_ _2\"></span>enue <span class=\"ls54 ws83\">is<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>nised<span class=\"_ _2\"></span> w<span class=\"_ _2\"></span>hen<span class=\"_ _2\"></span> perf<span class=\"_ _2\"></span>orma<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> obli<span class=\"_ _2\"></span>gati<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e sat<span class=\"_ _2\"></span>isfi<span class=\"_ _2\"></span>ed b<span class=\"_ _2\"></span>y tr<span class=\"_ _2\"></span>ans<span class=\"_ _2\"></span>ferri<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>co<span class=\"_ _2\"></span>ntrol<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> </span></span></span></span>goods<span class=\"ls1 ws0\"> </span>or<span class=\"ls1 ws0\"> a<span class=\"_ _1\"></span> <span class=\"ls48 ws32\">service<span class=\"_ _2\"></span> to the c<span class=\"_ _2\"></span>ustomer<span class=\"_ _2\"></span>. Where<span class=\"_ _2\"></span> the terms<span class=\"_ _2\"></span> of sal<span class=\"_ _2\"></span>e <span class=\"ls49 ws78\">are<span class=\"_ _2\"></span></span></span> <span class=\"ls49 wsaa\">free o<span class=\"_ _2\"></span>n b<span class=\"_ _2\"></span>oard<span class=\"_ _2\"></span>, <span class=\"ws78\">op<span class=\"_ _2\"></span>era<span class=\"_ _2\"></span>ting<span class=\"_ _2\"></span> </span>revenu<span class=\"_ _2\"></span>e is<span class=\"_ _2\"></span> </span></span>recog<span class=\"_ _2\"></span>nised <span class=\"_ _2\"></span>on disp<span class=\"_ _2\"></span>atch <span class=\"_ _2\"></span>of pr<span class=\"_ _2\"></span>oducts t<span class=\"_ _2\"></span>o t<span class=\"_ _2\"></span>he cust<span class=\"_ _2\"></span>omer. <span class=\"ls49 ws7c\">O<span class=\"_ _2\"></span>pe<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ng r<span class=\"ls48 ws32\">e<span class=\"_ _2\"></span>venue i<span class=\"_ _2\"></span>s</span></span><span class=\"ls1\"> <span class=\"_ _1\"></span><span class=\"ls48 ws32\">r<span class=\"_ _2\"></span>ecognised <span class=\"_ _2\"></span>on deli<span class=\"_ _2\"></span>very </span></span>wher<span class=\"_ _2\"></span>e the<span class=\"_ _2\"></span> ter<span class=\"_ _2\"></span>ms <span class=\"_ _2\"></span>of s<span class=\"_ _2\"></span>ale i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>ude c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s, i<span class=\"_ _2\"></span>nsur<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span>, fr<span class=\"_ _2\"></span>eig<span class=\"_ _2\"></span>ht a<span class=\"_ _2\"></span>nd d<span class=\"_ _2\"></span>esti<span class=\"_ _2\"></span>nati<span class=\"_ _2\"></span>on d<span class=\"_ _2\"></span>uty<span class=\"_ _2\"></span> paid<span class=\"_ _2\"></span>. T<span class=\"_ _2\"></span>he am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> recorded as<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">revenu<span class=\"_ _2\"></span>e i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>all <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>sed a<span class=\"_ _2\"></span>ccor<span class=\"_ _2\"></span>ding<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>o t<span class=\"_ _2\"></span>he te<span class=\"_ _2\"></span>rms o<span class=\"_ _2\"></span>f s<span class=\"_ _2\"></span>ale<span class=\"_ _2\"></span>, inc<span class=\"_ _2\"></span>ludi<span class=\"_ _2\"></span>ng </span></span>shipp<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> and ha<span class=\"_ _2\"></span>ndli<span class=\"_ _2\"></span>ng co<span class=\"_ _2\"></span><span class=\"ls54 ws70\">sts billed to customers, and<span class=\"ls1 ws0\"> <span class=\"ls57 wsad\">af<span class=\"_ _1\"></span>ter de<span class=\"_ _1\"></span>duct<span class=\"_ _1\"></span>ions f<span class=\"_ _1\"></span>or cla<span class=\"_ _1\"></span>ims o<span class=\"_ _1\"></span>r return<span class=\"_ _1\"></span>s of go<span class=\"_ _1\"></span>ods, </span></span></span>rebat<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>allo<span class=\"_ _2\"></span>wanc<span class=\"_ _2\"></span>es ag<span class=\"_ _2\"></span>ai<span class=\"_ _2\"></span>nst t<span class=\"_ _2\"></span>he p<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>ce of<span class=\"_ _2\"></span> go<span class=\"_ _2\"></span>ods.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>(v) S<span class=\"_ _2\"></span>tolt<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls4c wsaa\">Nielsen Gas</span> </span>Reve<span class=\"_ _2\"></span>nues<span class=\"_ _2\"></span> from<span class=\"_ _2\"></span> tim<span class=\"_ _2\"></span>e ch<span class=\"_ _2\"></span>art<span class=\"_ _2\"></span>ers<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> bar<span class=\"_ _2\"></span>eboat<span class=\"_ _2\"></span> ch<span class=\"_ _2\"></span>arter<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e a<span class=\"_ _2\"></span>cco<span class=\"_ _2\"></span>unted<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>r as<span class=\"_ _2\"></span> ope<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ng l<span class=\"_ _2\"></span>ease<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd ar<span class=\"_ _2\"></span>e recognised on a<span class=\"_ _2\"></span> straight<span class=\"ls1 ws0\">-<span class=\"ls48 ws32\">line ba<span class=\"_ _2\"></span>sis over<span class=\"_ _2\"></span> the per<span class=\"_ _2\"></span>iods of<span class=\"_ _2\"></span> such ch<span class=\"_ _2\"></span>arters, a<span class=\"_ _2\"></span>s service<span class=\"_ _2\"></span> is perf<span class=\"_ _2\"></span>ormed.<span class=\"_ _2\"></span> For th<span class=\"_ _2\"></span>e </span></span>LNG <span class=\"_ _2\"></span>sales<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> bu<span class=\"_ _2\"></span>nker<span class=\"_ _2\"></span>ing s<span class=\"_ _2\"></span>ervi<span class=\"_ _2\"></span>ce<span class=\"_ _2\"></span>s, op<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> rev<span class=\"_ _2\"></span>enue<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> r<span class=\"ls53 ws0\">ec<span class=\"_ _2\"></span>ognise<span class=\"_ _2\"></span>d upon<span class=\"_ _2\"></span> compl<span class=\"_ _2\"></span>etion <span class=\"_ _2\"></span>of LN<span class=\"_ _2\"></span>G </span>bunkering <span class=\"_ _2\"></span>operatio<span class=\"_ _2\"></span>ns, whereb<span class=\"_ _2\"></span>y th<span class=\"_ _2\"></span>e Group s<span class=\"_ _2\"></span>upplies L<span class=\"_ _2\"></span>NG to <span class=\"_ _2\"></span>a custo<span class=\"_ _2\"></span>mer thro<span class=\"_ _2\"></span>ugh either<span class=\"_ _2\"></span> a spot<span class=\"_ _2\"></span> or cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>affr<span class=\"_ _2\"></span>eig<span class=\"_ _2\"></span>htme<span class=\"_ _2\"></span>nt.<span class=\"_ _195\"> </span>An analy<span class=\"_ _2\"></span>sis of t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up\u2019s <span class=\"ff9b ls2f ws4e\">oper<span class=\"_ _2\"></span>ating <span class=\"ls30 ws50\">revenue <span class=\"_ _2\"></span>for <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> year <span class=\"_ _2\"></span>(exc<span class=\"_ _2\"></span>luding<span class=\"_ _2\"></span> fina<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> incom<span class=\"_ _2\"></span>e </span></span><span class=\"ls1 ws0\">\u2013<span class=\"ff9b\"> <span class=\"_ _1\"></span><span class=\"ls5d wsae\">see No<span class=\"_ _1\"></span>te 8),<span class=\"_ _1\"></span> </span></span></span>is as follows:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><table class=\"s w10e h118\" id=\"_5be0e063-a73a-4d13-a0e9-fdd03fac1476\"><tr><td></td><td class=\"t m0 x2bc h82 y2b76 ff9b fs3b fc2 sc0 ls1 ws0\"> <span class=\"_ _131\"> </span><span class=\"ls19 ws2d\"></span><span class=\"ls19 ws2d\">For</span> <span class=\"ls1a ws2e\">the</span> years ended N<span class=\"_ _2\"></span>ovember <span class=\"ls1b ws2f\">30</span> </td><td></td></tr><tr><td class=\"c x24b y2b77 w64 hb9\"><div class=\"t m0 x0 h82 y1c4a ff9b fs3b fc2 sc0 ls1 ws0\">(<span class=\"ls2d ws4a\"></span><span class=\"ls2d ws4a\">in</span> <span class=\"ls1c ws30\">US </span>$ thousands) </div></td><td class=\"c x2a2 y2b77 w48 hb9\"><div class=\"t m0 x177 h85 y1e4c ff97 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b77 w20 hb9\"><div class=\"t m0 x177 h82 y1e4c ff9b fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b78 w64 h8c\"><div class=\"t m0 x0 h88 y1c4d ff9b fs3a fc2 sc0 ls26 ws3d\">Operating<span class=\"_ _1\"></span> revenue from the rendering of services<span class=\"fcd ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b78 w48 h8c\"><div class=\"t m0 x17a h87 y1c4d ff97 fs3a fc2 sc0 ls27 ws3f\">2,<span class=\"ls21 ws35\">596<span class=\"_ _2\"></span><span class=\"ls1 ws0\">,</span>280</span><span class=\"ls21 ws35\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x24e y2b78 w20 h8c\"><div class=\"t m0 x17b h88 y1c4d ff9b fs3a fc2 sc0 ls20 ws36\">2,763,836<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b79 w64 h86\"><div class=\"t m0 x0 h88 y1bde ff9b fs3a fc2 sc0 ls22 ws37\">Operati<span class=\"_ _1\"></span>ng revenue from the sa<span class=\"_ _1\"></span>le of <span class=\"_ _2\"></span>goods<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b79 w48 h86\"><div class=\"t m0 x180 h87 y1bde ff97 fs3a fc2 sc0 ls21 ws35\">172<span class=\"ls1 ws0\">,</span>721<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b79 w20 h86\"><div class=\"t m0 x181 h88 y1bde ff9b fs3a fc2 sc0 ls20 ws36\">126,789<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2a2 y2b7a w48 ha1\"><div class=\"t m0 x17a h87 y1c05 ff97 fs3a fc2 sc0 ls21 ws35\">2,76<span class=\"_ _2\"></span>9,001<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b7a w20 ha1\"><div class=\"t m0 x17b h88 y1c05 ff9b fs3a fc2 sc0 ls20 ws36\">2,890,625<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>Operating r<span class=\"ls30 ws50\">e<span class=\"_ _2\"></span>venue<span class=\"_ _2\"></span> gene<span class=\"_ _2\"></span>rated b<span class=\"_ _2\"></span>y <span class=\"_ _2\"></span><span class=\"ls46 ws6f\">STJ<span class=\"_ _2\"></span>S<span class=\"ls1 ws0\"> </span></span>under co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\">s <span class=\"_ _1\"></span><span class=\"ls2f ws70\">of<span class=\"_ _2\"></span> affreightment<span class=\"_ _2\"></span> was approxim<span class=\"_ _2\"></span>ately <span class=\"ls1 ws0\">4<span class=\"ls48 ws72\">9.0</span>% </span></span></span></span>and 4<span class=\"_ _2\"></span><span class=\"ls48 ws72\">5.0<span class=\"ls1 ws0\">% <span class=\"_ _1\"></span><span class=\"ls4a ws76\">of <span class=\"ff9a ls46 ws6f\">STJ<span class=\"_ _2\"></span>S\u2019s<span class=\"_ _2\"></span></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws4f\">t<span class=\"_ _2\"></span>otal re<span class=\"_ _2\"></span>venu<span class=\"_ _2\"></span>e for the<span class=\"_ _2\"></span> <span class=\"ls2f ws4e\">year<span class=\"ls1 ws0\">s <span class=\"_ _3\"></span><span class=\"ls2f ws75\">e<span class=\"_ _2\"></span>nded November 30, <span class=\"ls31 ws53\">202<span class=\"ls1 ws0\">5 <span class=\"ls30 ws52\">and <span class=\"_ _1\"></span><span class=\"ls31 ws53\">202<span class=\"ls1 ws0\">4<span class=\"ls2f ws70\">, respectively</span>. </span></span></span></span></span></span></span></span></span></span></span></span></span>All other re<span class=\"_ _2\"></span>venue generated<span class=\"ls1 ws0\"> </span>by th<span class=\"_ _2\"></span>e <span class=\"ws4e\">STJS<span class=\"ls1 ws0\"> <span class=\"ls4a ws74\">is from<span class=\"_ _2\"></span> spot<span class=\"_ _2\"></span> contrac<span class=\"_ _2\"></span>ts.<span class=\"_ _2\"></span></span> </span></span>Paymen<span class=\"_ _2\"></span>t te<span class=\"_ _2\"></span>rms ge<span class=\"_ _2\"></span>ner<span class=\"_ _2\"></span>ally<span class=\"_ _2\"></span> do n<span class=\"_ _2\"></span>ot <span class=\"_ _2\"></span>have <span class=\"_ _2\"></span>a fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>ng ele<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>. Vari<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span> consid<span class=\"_ _2\"></span>era<span class=\"_ _2\"></span>tion i<span class=\"_ _2\"></span>s l<span class=\"_ _2\"></span>imited<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>that <span class=\"_ _2\"></span>related<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>o vari<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span> costs<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws4f\">whi<span class=\"_ _2\"></span>ch are<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>tu<span class=\"_ _2\"></span>ally p<span class=\"_ _2\"></span>asse<span class=\"_ _2\"></span>d on<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he cus<span class=\"_ _2\"></span>tome<span class=\"_ _2\"></span>r and<span class=\"_ _2\"></span> unc<span class=\"_ _2\"></span>erta<span class=\"_ _2\"></span>in </span></span></span></span>revenue<span class=\"_ _2\"></span>s s<span class=\"_ _2\"></span>uch <span class=\"_ _2\"></span>as de<span class=\"_ _2\"></span>murr<span class=\"_ _2\"></span>age.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-620": {
   "value": "4.<span class=\"ls1 ws0\"> Operat<span class=\"ls6c wsa8\">ing</span> Revenue </span>Acc<span class=\"_ _3\"></span>ounti<span class=\"_ _1\"></span>ng <span class=\"_ _1\"></span><span class=\"ls1 ws0\">p<span class=\"ls6d wsa9\">olic<span class=\"_ _1\"></span>y<span class=\"ls1 ws0\"> </span></span></span>Oper<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng re<span class=\"_ _2\"></span>ven<span class=\"_ _2\"></span>ue <span class=\"ls2f ws2f\">is rec<span class=\"_ _2\"></span>ognised <span class=\"_ _2\"></span>when performance oblig<span class=\"_ _2\"></span>ations <span class=\"_ _2\"></span>are met, which<span class=\"_ _2\"></span> transfer the<span class=\"_ _2\"></span> control of<span class=\"_ _2\"></span> </span>goods <span class=\"_ _2\"></span>or pr<span class=\"_ _2\"></span>ovide <span class=\"_ _2\"></span>service<span class=\"_ _2\"></span>s to t<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>ustome<span class=\"_ _2\"></span>r, at<span class=\"_ _2\"></span> an <span class=\"ls49 ws78\">am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> <span class=\"wsaa\">that r<span class=\"_ _2\"></span>efl<span class=\"_ _2\"></span>ect<span class=\"_ _2\"></span>s the<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>nsid<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ion t<span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>whic<span class=\"_ _2\"></span>h th<span class=\"_ _2\"></span>e </span></span>Group exp<span class=\"_ _2\"></span>ects to b<span class=\"_ _2\"></span>e entit<span class=\"_ _2\"></span>led in <span class=\"_ _2\"></span>exchange<span class=\"_ _2\"></span> for th<span class=\"_ _2\"></span>ose good<span class=\"_ _2\"></span>s or ser<span class=\"_ _2\"></span>vices, n<span class=\"_ _2\"></span>et of di<span class=\"_ _2\"></span>scounts<span class=\"_ _2\"></span><span class=\"ls49 ws7c\">, age<span class=\"_ _2\"></span>ncy<span class=\"_ _2\"></span> </span>commi<span class=\"_ _2\"></span>ssion<span class=\"_ _2\"></span> fee<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">and sal<span class=\"_ _2\"></span>es t<span class=\"_ _2\"></span>axe<span class=\"_ _2\"></span>s.</span> </span>C<span class=\"ls49 wsaa\">osts to<span class=\"_ _2\"></span> obt<span class=\"_ _2\"></span>ain <span class=\"_ _2\"></span>a con<span class=\"_ _2\"></span>tra<span class=\"_ _2\"></span>ct</span> <span class=\"ls49 ws78\">are <span class=\"ls48 ws32\">immedi<span class=\"_ _2\"></span>ately exp<span class=\"_ _2\"></span>ensed w<span class=\"_ _2\"></span>hen the r<span class=\"_ _2\"></span>elated r<span class=\"_ _2\"></span>evenue is<span class=\"_ _2\"></span> expected<span class=\"_ _2\"></span> to be </span></span>recognised<span class=\"_ _2\"></span> within one year. <span class=\"ls1 ws0\"> </span>(i) T<span class=\"_ _2\"></span>anke<span class=\"_ _2\"></span>rs<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Oper<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng r<span class=\"ls48 ws32\">ev<span class=\"_ _2\"></span>enue is<span class=\"_ _2\"></span> recogni<span class=\"_ _2\"></span>sed upo<span class=\"_ _2\"></span>n delivery <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>services i<span class=\"_ _2\"></span>n accor<span class=\"_ _2\"></span>dance wit<span class=\"_ _2\"></span>h the t<span class=\"_ _2\"></span>erms <span class=\"_ _2\"></span>and </span>condit<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>ns of<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e co<span class=\"_ _2\"></span>ntr<span class=\"_ _2\"></span>act <span class=\"_ _2\"></span>of af<span class=\"_ _2\"></span>fre<span class=\"_ _2\"></span>ight<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">or</span> </span>spot co<span class=\"_ _2\"></span>ntr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws92\">and such </span></span><span class=\"ws78\">service<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">are perfo<span class=\"_ _2\"></span>rmed over<span class=\"_ _2\"></span> </span></span></span>time<span class=\"_ _2\"></span>. For<span class=\"_ _2\"></span> voy<span class=\"_ _2\"></span>age<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>n pro<span class=\"_ _2\"></span>gre<span class=\"_ _2\"></span>ss at<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> end<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>a pe<span class=\"_ _2\"></span>rio<span class=\"_ _2\"></span>d, the<span class=\"_ _2\"></span> unc<span class=\"_ _2\"></span>ert<span class=\"_ _2\"></span>aint<span class=\"_ _2\"></span>y a<span class=\"_ _2\"></span>nd t<span class=\"_ _2\"></span>he dep<span class=\"_ _2\"></span>end<span class=\"_ _2\"></span>enc<span class=\"_ _2\"></span>e on<span class=\"_ _2\"></span> estim<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> gr<span class=\"_ _2\"></span>eater<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>an f<span class=\"_ _2\"></span>or f<span class=\"_ _2\"></span>inal<span class=\"_ _2\"></span>ised<span class=\"_ _2\"></span> voy<span class=\"_ _2\"></span>age<span class=\"_ _2\"></span>s. T<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>ses <span class=\"_ _2\"></span>a pe<span class=\"_ _2\"></span>rce<span class=\"_ _2\"></span>ntag<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>esti<span class=\"_ _2\"></span>mat<span class=\"_ _2\"></span>ed reve<span class=\"_ _2\"></span>nue f<span class=\"_ _2\"></span>or t<span class=\"_ _2\"></span>he v<span class=\"_ _2\"></span>oy<span class=\"_ _2\"></span>age e<span class=\"_ _2\"></span>qual<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he p<span class=\"_ _2\"></span>erc<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>a<span class=\"ls61 wsac\">ge of t<span class=\"_ _2\"></span>he estimated duratio<span class=\"_ _2\"></span>n of the </span><span class=\"ws78\">voy<span class=\"_ _2\"></span>age<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls48 ws7d\">completed at </span></span></span>the bal<span class=\"_ _2\"></span>ance sheet d<span class=\"_ _2\"></span>ate. <span class=\"ws72\">D<span class=\"_ _2\"></span>emurr<span class=\"ls49 wsaa\">a<span class=\"_ _2\"></span>ge and<span class=\"_ _2\"></span> ot<span class=\"_ _2\"></span>her<span class=\"_ _2\"></span> reve<span class=\"_ _2\"></span>nue<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e unc<span class=\"_ _2\"></span>ert<span class=\"_ _2\"></span>ain<span class=\"_ _2\"></span> elem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> reve<span class=\"_ _2\"></span>nue <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>are<span class=\"_ _2\"></span> </span></span>recog<span class=\"_ _2\"></span>nis<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>when<span class=\"_ _2\"></span> incur<span class=\"_ _2\"></span>red<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span>nd ge<span class=\"_ _2\"></span>neral<span class=\"_ _2\"></span>ly i<span class=\"_ _2\"></span>nvoic<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>at t<span class=\"_ _2\"></span>he e<span class=\"_ _2\"></span>nd <span class=\"_ _2\"></span>of th<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> </span><span class=\"ws78\">mont<span class=\"_ _2\"></span>h.<span class=\"ls1 ws0\"> </span></span>The Group oper<span class=\"_ _2\"></span>ates the Stolt<span class=\"_ _2\"></span> Tankers Joi<span class=\"_ _2\"></span>nt Service (<span class=\"ls46 ws6f\">S<span class=\"_ _2\"></span>TJS<span class=\"_ _2\"></span><span class=\"ls1 ws0\">) <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">and<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Sto<span class=\"_ _2\"></span>lt <span class=\"_ _2\"></span>NYK As<span class=\"_ _2\"></span>ia <span class=\"_ _2\"></span>Paci<span class=\"_ _2\"></span>fic<span class=\"_ _2\"></span> Ser<span class=\"_ _2\"></span>vic<span class=\"_ _2\"></span>e </span></span></span>Pool (S<span class=\"_ _2\"></span>NAPS P<span class=\"_ _2\"></span>ool)<span class=\"_ _2\"></span><span class=\"ls4b ws77\">, <span class=\"ls2f ws92\">which are <span class=\"ls49 ws78\">arrang<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span></span></span></span><span class=\"ls1\">s <span class=\"_ _1\"></span><span class=\"ls54 ws70\">in which t<span class=\"_ _2\"></span>he Group acts as the principal for t<span class=\"_ _2\"></span>he delivery </span></span>of se<span class=\"_ _2\"></span>rvic<span class=\"_ _2\"></span>es a<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span> provi<span class=\"_ _2\"></span>de<span class=\"_ _2\"></span>s the<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ord<span class=\"_ _2\"></span>inate<span class=\"_ _2\"></span>d mar<span class=\"_ _2\"></span>ket<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span>, op<span class=\"_ _2\"></span>erati<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n and<span class=\"_ _2\"></span> admi<span class=\"_ _2\"></span>nist<span class=\"_ _2\"></span>rat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> of d<span class=\"_ _2\"></span>eep<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span><span class=\"ws78\">sea </span>inter<span class=\"_ _2\"></span>con<span class=\"_ _2\"></span>tine<span class=\"_ _2\"></span>ntal<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"wsaa\">and r<span class=\"_ _2\"></span>egio<span class=\"_ _2\"></span>nal<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">parcel tank<span class=\"_ _2\"></span>ers owned or c<span class=\"_ _2\"></span>hartered by <span class=\"_ _2\"></span>the Group.<span class=\"_ _2\"></span> As the Gro<span class=\"_ _2\"></span>up acts as </span></span></span>the p<span class=\"_ _2\"></span>rinci<span class=\"_ _2\"></span>pal<span class=\"_ _2\"></span> in <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> arr<span class=\"_ _2\"></span>ange<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>, <span class=\"_ _2\"></span>all re<span class=\"_ _2\"></span>ven<span class=\"_ _2\"></span>ue r<span class=\"_ _2\"></span>el<span class=\"_ _2\"></span>ating<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls61 ws89\">the<span class=\"ls1 ws0\"> <span class=\"ls46 ws6f\">ST<span class=\"_ _2\"></span>JS</span> <span class=\"ls49 ws7c\">and SNA<span class=\"_ _2\"></span>PS Po<span class=\"_ _2\"></span>ol are</span> <span class=\"ls49 wsaa\">rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>a </span></span></span></span>gros<span class=\"_ _2\"></span>s basi<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he in<span class=\"_ _2\"></span>come<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent.<span class=\"_ _2\"></span> Ce<span class=\"_ _2\"></span>rtai<span class=\"_ _2\"></span>n s<span class=\"_ _2\"></span>hips<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> ar<span class=\"_ _2\"></span>e not<span class=\"_ _2\"></span> ow<span class=\"_ _2\"></span>ned b<span class=\"_ _2\"></span>y t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> ar<span class=\"_ _2\"></span>e tim<span class=\"_ _2\"></span>e chartered by th<span class=\"_ _2\"></span>e Group fr<span class=\"_ _2\"></span>om participants<span class=\"_ _2\"></span> in <span class=\"ls46 ws6f\">ST<span class=\"_ _2\"></span>JS<span class=\"ls1 ws0\"> <span class=\"ls53\">and the<span class=\"_ _2\"></span> SNAPS<span class=\"_ _2\"></span> Pool</span></span></span>.<span class=\"_ _2\"></span> The time<span class=\"_ _2\"></span> charter <span class=\"ls49 ws78\">e<span class=\"_ _2\"></span>xpe<span class=\"_ _2\"></span>nse<span class=\"ls1 ws0\"> <span class=\"ls54 ws83\">is </span></span></span>calc<span class=\"_ _2\"></span>ulat<span class=\"_ _2\"></span>ed b<span class=\"_ _2\"></span>ased<span class=\"_ _2\"></span> upo<span class=\"_ _2\"></span>n th<span class=\"_ _2\"></span>e co<span class=\"_ _2\"></span>mbi<span class=\"_ _2\"></span>ned <span class=\"_ _2\"></span>oper<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng r<span class=\"_ _2\"></span>even<span class=\"_ _2\"></span>ue of<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e s<span class=\"_ _2\"></span>hip<span class=\"_ _2\"></span>s <span class=\"ws78\">that<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls54 ws70\">participate in the <span class=\"ls46 ws6f\">ST<span class=\"_ _2\"></span>JS</span></span> </span>and </span>SNAPS P<span class=\"_ _2\"></span>ool <span class=\"ls48 ws32\">le<span class=\"_ _2\"></span>ss combi<span class=\"_ _2\"></span>ned voy<span class=\"_ _2\"></span>age expe<span class=\"_ _2\"></span>nses, o<span class=\"_ _2\"></span>verhead c<span class=\"_ _2\"></span>osts, <span class=\"_ _2\"></span><span class=\"ls49 ws78\">and</span></span><span class=\"ls1\"> <span class=\"ls54 ws70\">commissions to outside brokers </span></span>and <span class=\"_ _2\"></span>upon e<span class=\"_ _2\"></span>ac<span class=\"_ _2\"></span>h ship<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s carg<span class=\"_ _2\"></span>o c<span class=\"_ _2\"></span>apa<span class=\"_ _2\"></span>city,<span class=\"_ _2\"></span> its<span class=\"_ _2\"></span> numb<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span> of op<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ating<span class=\"_ _2\"></span> day<span class=\"_ _2\"></span>s d<span class=\"_ _2\"></span>uring<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> per<span class=\"_ _2\"></span>iod<span class=\"_ _2\"></span>, and<span class=\"_ _2\"></span> it<span class=\"_ _2\"></span>s assig<span class=\"_ _2\"></span>ned<span class=\"ls1 ws0\"> </span><span class=\"wsaa\">ear<span class=\"_ _2\"></span>ning<span class=\"_ _2\"></span>s f<span class=\"_ _2\"></span>ac<span class=\"ls53 ws80\">tor.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span>(ii<span class=\"_ _2\"></span>) Termi<span class=\"_ _2\"></span>nal<span class=\"_ _2\"></span>s <span class=\"ls1 ws0\"> </span>Tank <span class=\"_ _2\"></span>stor<span class=\"_ _2\"></span>age<span class=\"_ _2\"></span> rent<span class=\"_ _2\"></span>als<span class=\"_ _2\"></span>, i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> mini<span class=\"_ _2\"></span>mum<span class=\"_ _2\"></span> gua<span class=\"_ _2\"></span>rante<span class=\"_ _2\"></span>ed t<span class=\"_ _2\"></span>hro<span class=\"_ _2\"></span>ugh<span class=\"_ _2\"></span>puts<span class=\"_ _2\"></span>, ar<span class=\"_ _2\"></span>e re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>nised<span class=\"_ _2\"></span> o<span class=\"_ _2\"></span>ver t<span class=\"_ _2\"></span>he contractual peri<span class=\"_ _2\"></span>od during whic<span class=\"_ _2\"></span>h the service<span class=\"_ _2\"></span>s are rendered. T<span class=\"_ _2\"></span>hese c<span class=\"_ _2\"></span>harges are mostl<span class=\"_ _2\"></span>y <span class=\"ls49 wsaa\">due<span class=\"_ _2\"></span> at t<span class=\"_ _2\"></span>he </span>beginning of<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls4b ws49\">t<span class=\"_ _2\"></span>he mo<span class=\"_ _2\"></span>nth t<span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>which <span class=\"_ _2\"></span>such <span class=\"_ _2\"></span>char<span class=\"_ _2\"></span>ges r<span class=\"_ _2\"></span>elat<span class=\"_ _2\"></span>e. <span class=\"ls49 ws7c\">O<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng r<span class=\"wsaa\">e<span class=\"_ _2\"></span>venu<span class=\"_ _2\"></span>e fro<span class=\"_ _2\"></span>m ad<span class=\"_ _2\"></span>diti<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>al t<span class=\"_ _2\"></span>hroug<span class=\"_ _2\"></span>hpu<span class=\"_ _2\"></span>t </span></span></span></span>fees<span class=\"ls1 ws0\">, <span class=\"ls49 ws78\">ancillary<span class=\"_ _2\"></span> <span class=\"wsaa\">fees,<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> rail<span class=\"_ _2\"></span>car<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>orag<span class=\"_ _2\"></span>e, l<span class=\"_ _2\"></span>oadi<span class=\"_ _2\"></span>ng, <span class=\"_ _2\"></span>swit<span class=\"_ _2\"></span>chi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>othe<span class=\"_ _2\"></span>r</span></span> </span>fees<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">based<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>actual<span class=\"_ _2\"></span> u<span class=\"_ _2\"></span>sage <span class=\"_ _2\"></span>are<span class=\"_ _2\"></span> </span></span>recognised at<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">the po<span class=\"_ _2\"></span>int i<span class=\"_ _2\"></span>n ti<span class=\"_ _2\"></span>me <span class=\"_ _2\"></span>whe<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>hose <span class=\"_ _2\"></span>ser<span class=\"_ _2\"></span>vice<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> del<span class=\"_ _2\"></span>iver<span class=\"_ _2\"></span>ed.<span class=\"_ _2\"></span></span> </span>(<span class=\"_ _1\"></span>i<span class=\"ls4a ws95\">ii) Tank Cont<span class=\"_ _2\"></span>ainers </span> Transportation r<span class=\"_ _2\"></span>evenue is reco<span class=\"_ _2\"></span>gnised upon deli<span class=\"_ _2\"></span>very of ser<span class=\"_ _2\"></span>vices in accord<span class=\"_ _2\"></span>ance with t<span class=\"_ _2\"></span>he agreement with<span class=\"_ _2\"></span> cust<span class=\"_ _2\"></span>omer<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>and is<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>og<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d over<span class=\"_ _2\"></span> ti<span class=\"_ _2\"></span>me u<span class=\"_ _2\"></span>sing<span class=\"_ _2\"></span> a me<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> pr<span class=\"_ _2\"></span>ogre<span class=\"_ _2\"></span>ss. <span class=\"_ _2\"></span>For<span class=\"_ _2\"></span> ta<span class=\"_ _2\"></span>nk co<span class=\"_ _2\"></span>ntai<span class=\"_ _2\"></span>ner<span class=\"_ _2\"></span> shipments<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls48 ws32\">in p<span class=\"_ _2\"></span>rogres<span class=\"_ _2\"></span>s at t<span class=\"_ _2\"></span>he end <span class=\"_ _2\"></span>of a peri<span class=\"_ _2\"></span>od, the <span class=\"_ _2\"></span>uncert<span class=\"_ _2\"></span>ainty and t<span class=\"_ _2\"></span>he depe<span class=\"_ _2\"></span>ndence o<span class=\"_ _2\"></span>n esti<span class=\"_ _2\"></span>mates ar<span class=\"_ _2\"></span>e </span></span>great<span class=\"_ _2\"></span>er t<span class=\"_ _2\"></span>han f<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nali<span class=\"_ _2\"></span>sed m<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s. T<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>se<span class=\"_ _2\"></span>s a pe<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>cent<span class=\"_ _2\"></span>age o<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he est<span class=\"_ _2\"></span>im<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> rev<span class=\"_ _2\"></span>enue<span class=\"_ _2\"></span> for t<span class=\"_ _2\"></span>he <span class=\"ws77\">shi<span class=\"_ _2\"></span>p<span class=\"ls48 ws72\">men<span class=\"_ _2\"></span>t <span class=\"ls49 wsaa\">using t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> perce<span class=\"_ _2\"></span>ntag<span class=\"_ _2\"></span>e o<span class=\"_ _2\"></span>f eff<span class=\"_ _2\"></span>ort<span class=\"_ _2\"></span> (<span class=\"ff99 ls1 ws0\">\u2018</span>inp<span class=\"_ _2\"></span>ut me<span class=\"_ _2\"></span>thod<span class=\"_ _2\"></span><span class=\"ff99 ls1 ws0\">\u2019</span>) req<span class=\"_ _2\"></span>uire<span class=\"_ _2\"></span>d at<span class=\"_ _2\"></span> ori<span class=\"_ _2\"></span>gin a<span class=\"_ _2\"></span>nd d<span class=\"_ _2\"></span>est<span class=\"_ _2\"></span>inati<span class=\"_ _2\"></span>on.<span class=\"_ _2\"></span> </span></span></span>Demurrage <span class=\"ls49 wsaa\">and<span class=\"_ _2\"></span> othe<span class=\"_ _2\"></span>r re<span class=\"_ _2\"></span>ve<span class=\"_ _2\"></span>nue<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e unc<span class=\"_ _2\"></span>ertai<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> elem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws92\">re<span class=\"_ _2\"></span>venue and are recognised when incurred </span></span></span>and g<span class=\"_ _2\"></span>ener<span class=\"_ _2\"></span>ally<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span>voic<span class=\"_ _2\"></span>ed at<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> end<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> <span class=\"ls61 ws89\">the<span class=\"ls1 ws0\"> </span></span><span class=\"ws78\">month.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>(iv<span class=\"_ _2\"></span>) SSF<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Oper<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng r<span class=\"ls48 ws72\">ev<span class=\"_ _2\"></span>enue <span class=\"ls54 ws83\">is<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>nised<span class=\"_ _2\"></span> w<span class=\"_ _2\"></span>hen<span class=\"_ _2\"></span> perf<span class=\"_ _2\"></span>orma<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> obli<span class=\"_ _2\"></span>gati<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e sat<span class=\"_ _2\"></span>isfi<span class=\"_ _2\"></span>ed b<span class=\"_ _2\"></span>y tr<span class=\"_ _2\"></span>ans<span class=\"_ _2\"></span>ferri<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>co<span class=\"_ _2\"></span>ntrol<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> </span></span></span></span>goods<span class=\"ls1 ws0\"> </span>or<span class=\"ls1 ws0\"> a<span class=\"_ _1\"></span> <span class=\"ls48 ws32\">service<span class=\"_ _2\"></span> to the c<span class=\"_ _2\"></span>ustomer<span class=\"_ _2\"></span>. Where<span class=\"_ _2\"></span> the terms<span class=\"_ _2\"></span> of sal<span class=\"_ _2\"></span>e <span class=\"ls49 ws78\">are<span class=\"_ _2\"></span></span></span> <span class=\"ls49 wsaa\">free o<span class=\"_ _2\"></span>n b<span class=\"_ _2\"></span>oard<span class=\"_ _2\"></span>, <span class=\"ws78\">op<span class=\"_ _2\"></span>era<span class=\"_ _2\"></span>ting<span class=\"_ _2\"></span> </span>revenu<span class=\"_ _2\"></span>e is<span class=\"_ _2\"></span> </span></span>recog<span class=\"_ _2\"></span>nised <span class=\"_ _2\"></span>on disp<span class=\"_ _2\"></span>atch <span class=\"_ _2\"></span>of pr<span class=\"_ _2\"></span>oducts t<span class=\"_ _2\"></span>o t<span class=\"_ _2\"></span>he cust<span class=\"_ _2\"></span>omer. <span class=\"ls49 ws7c\">O<span class=\"_ _2\"></span>pe<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ng r<span class=\"ls48 ws32\">e<span class=\"_ _2\"></span>venue i<span class=\"_ _2\"></span>s</span></span><span class=\"ls1\"> <span class=\"_ _1\"></span><span class=\"ls48 ws32\">r<span class=\"_ _2\"></span>ecognised <span class=\"_ _2\"></span>on deli<span class=\"_ _2\"></span>very </span></span>wher<span class=\"_ _2\"></span>e the<span class=\"_ _2\"></span> ter<span class=\"_ _2\"></span>ms <span class=\"_ _2\"></span>of s<span class=\"_ _2\"></span>ale i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>ude c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s, i<span class=\"_ _2\"></span>nsur<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span>, fr<span class=\"_ _2\"></span>eig<span class=\"_ _2\"></span>ht a<span class=\"_ _2\"></span>nd d<span class=\"_ _2\"></span>esti<span class=\"_ _2\"></span>nati<span class=\"_ _2\"></span>on d<span class=\"_ _2\"></span>uty<span class=\"_ _2\"></span> paid<span class=\"_ _2\"></span>. T<span class=\"_ _2\"></span>he am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> recorded as<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">revenu<span class=\"_ _2\"></span>e i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>all <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>sed a<span class=\"_ _2\"></span>ccor<span class=\"_ _2\"></span>ding<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>o t<span class=\"_ _2\"></span>he te<span class=\"_ _2\"></span>rms o<span class=\"_ _2\"></span>f s<span class=\"_ _2\"></span>ale<span class=\"_ _2\"></span>, inc<span class=\"_ _2\"></span>ludi<span class=\"_ _2\"></span>ng </span></span>shipp<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> and ha<span class=\"_ _2\"></span>ndli<span class=\"_ _2\"></span>ng co<span class=\"_ _2\"></span><span class=\"ls54 ws70\">sts billed to customers, and<span class=\"ls1 ws0\"> <span class=\"ls57 wsad\">af<span class=\"_ _1\"></span>ter de<span class=\"_ _1\"></span>duct<span class=\"_ _1\"></span>ions f<span class=\"_ _1\"></span>or cla<span class=\"_ _1\"></span>ims o<span class=\"_ _1\"></span>r return<span class=\"_ _1\"></span>s of go<span class=\"_ _1\"></span>ods, </span></span></span>rebat<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>allo<span class=\"_ _2\"></span>wanc<span class=\"_ _2\"></span>es ag<span class=\"_ _2\"></span>ai<span class=\"_ _2\"></span>nst t<span class=\"_ _2\"></span>he p<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>ce of<span class=\"_ _2\"></span> go<span class=\"_ _2\"></span>ods.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>(v) S<span class=\"_ _2\"></span>tolt<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls4c wsaa\">Nielsen Gas</span> </span>Reve<span class=\"_ _2\"></span>nues<span class=\"_ _2\"></span> from<span class=\"_ _2\"></span> tim<span class=\"_ _2\"></span>e ch<span class=\"_ _2\"></span>art<span class=\"_ _2\"></span>ers<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> bar<span class=\"_ _2\"></span>eboat<span class=\"_ _2\"></span> ch<span class=\"_ _2\"></span>arter<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e a<span class=\"_ _2\"></span>cco<span class=\"_ _2\"></span>unted<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>r as<span class=\"_ _2\"></span> ope<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ng l<span class=\"_ _2\"></span>ease<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd ar<span class=\"_ _2\"></span>e recognised on a<span class=\"_ _2\"></span> straight<span class=\"ls1 ws0\">-<span class=\"ls48 ws32\">line ba<span class=\"_ _2\"></span>sis over<span class=\"_ _2\"></span> the per<span class=\"_ _2\"></span>iods of<span class=\"_ _2\"></span> such ch<span class=\"_ _2\"></span>arters, a<span class=\"_ _2\"></span>s service<span class=\"_ _2\"></span> is perf<span class=\"_ _2\"></span>ormed.<span class=\"_ _2\"></span> For th<span class=\"_ _2\"></span>e </span></span>LNG <span class=\"_ _2\"></span>sales<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> bu<span class=\"_ _2\"></span>nker<span class=\"_ _2\"></span>ing s<span class=\"_ _2\"></span>ervi<span class=\"_ _2\"></span>ce<span class=\"_ _2\"></span>s, op<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> rev<span class=\"_ _2\"></span>enue<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> r<span class=\"ls53 ws0\">ec<span class=\"_ _2\"></span>ognise<span class=\"_ _2\"></span>d upon<span class=\"_ _2\"></span> compl<span class=\"_ _2\"></span>etion <span class=\"_ _2\"></span>of LN<span class=\"_ _2\"></span>G </span>bunkering <span class=\"_ _2\"></span>operatio<span class=\"_ _2\"></span>ns, whereb<span class=\"_ _2\"></span>y th<span class=\"_ _2\"></span>e Group s<span class=\"_ _2\"></span>upplies L<span class=\"_ _2\"></span>NG to <span class=\"_ _2\"></span>a custo<span class=\"_ _2\"></span>mer thro<span class=\"_ _2\"></span>ugh either<span class=\"_ _2\"></span> a spot<span class=\"_ _2\"></span> or cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>affr<span class=\"_ _2\"></span>eig<span class=\"_ _2\"></span>htme<span class=\"_ _2\"></span>nt.<span class=\"_ _195\"> </span>An analy<span class=\"_ _2\"></span>sis of t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up\u2019s <span class=\"ff9b ls2f ws4e\">oper<span class=\"_ _2\"></span>ating <span class=\"ls30 ws50\">revenue <span class=\"_ _2\"></span>for <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> year <span class=\"_ _2\"></span>(exc<span class=\"_ _2\"></span>luding<span class=\"_ _2\"></span> fina<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> incom<span class=\"_ _2\"></span>e </span></span><span class=\"ls1 ws0\">\u2013<span class=\"ff9b\"> <span class=\"_ _1\"></span><span class=\"ls5d wsae\">see No<span class=\"_ _1\"></span>te 8),<span class=\"_ _1\"></span> </span></span></span>is as follows:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><table class=\"s w10e h118\" id=\"_5be0e063-a73a-4d13-a0e9-fdd03fac1476\"><tr><td></td><td class=\"t m0 x2bc h82 y2b76 ff9b fs3b fc2 sc0 ls1 ws0\"> <span class=\"_ _131\"> </span><span class=\"ls19 ws2d\"></span><span class=\"ls19 ws2d\">For</span> <span class=\"ls1a ws2e\">the</span> years ended N<span class=\"_ _2\"></span>ovember <span class=\"ls1b ws2f\">30</span> </td><td></td></tr><tr><td class=\"c x24b y2b77 w64 hb9\"><div class=\"t m0 x0 h82 y1c4a ff9b fs3b fc2 sc0 ls1 ws0\">(<span class=\"ls2d ws4a\"></span><span class=\"ls2d ws4a\">in</span> <span class=\"ls1c ws30\">US </span>$ thousands) </div></td><td class=\"c x2a2 y2b77 w48 hb9\"><div class=\"t m0 x177 h85 y1e4c ff97 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b77 w20 hb9\"><div class=\"t m0 x177 h82 y1e4c ff9b fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b78 w64 h8c\"><div class=\"t m0 x0 h88 y1c4d ff9b fs3a fc2 sc0 ls26 ws3d\">Operating<span class=\"_ _1\"></span> revenue from the rendering of services<span class=\"fcd ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b78 w48 h8c\"><div class=\"t m0 x17a h87 y1c4d ff97 fs3a fc2 sc0 ls27 ws3f\">2,<span class=\"ls21 ws35\">596<span class=\"_ _2\"></span><span class=\"ls1 ws0\">,</span>280</span><span class=\"ls21 ws35\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x24e y2b78 w20 h8c\"><div class=\"t m0 x17b h88 y1c4d ff9b fs3a fc2 sc0 ls20 ws36\">2,763,836<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b79 w64 h86\"><div class=\"t m0 x0 h88 y1bde ff9b fs3a fc2 sc0 ls22 ws37\">Operati<span class=\"_ _1\"></span>ng revenue from the sa<span class=\"_ _1\"></span>le of <span class=\"_ _2\"></span>goods<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b79 w48 h86\"><div class=\"t m0 x180 h87 y1bde ff97 fs3a fc2 sc0 ls21 ws35\">172<span class=\"ls1 ws0\">,</span>721<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b79 w20 h86\"><div class=\"t m0 x181 h88 y1bde ff9b fs3a fc2 sc0 ls20 ws36\">126,789<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2a2 y2b7a w48 ha1\"><div class=\"t m0 x17a h87 y1c05 ff97 fs3a fc2 sc0 ls21 ws35\">2,76<span class=\"_ _2\"></span>9,001<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b7a w20 ha1\"><div class=\"t m0 x17b h88 y1c05 ff9b fs3a fc2 sc0 ls20 ws36\">2,890,625<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>Operating r<span class=\"ls30 ws50\">e<span class=\"_ _2\"></span>venue<span class=\"_ _2\"></span> gene<span class=\"_ _2\"></span>rated b<span class=\"_ _2\"></span>y <span class=\"_ _2\"></span><span class=\"ls46 ws6f\">STJ<span class=\"_ _2\"></span>S<span class=\"ls1 ws0\"> </span></span>under co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\">s <span class=\"_ _1\"></span><span class=\"ls2f ws70\">of<span class=\"_ _2\"></span> affreightment<span class=\"_ _2\"></span> was approxim<span class=\"_ _2\"></span>ately <span class=\"ls1 ws0\">4<span class=\"ls48 ws72\">9.0</span>% </span></span></span></span>and 4<span class=\"_ _2\"></span><span class=\"ls48 ws72\">5.0<span class=\"ls1 ws0\">% <span class=\"_ _1\"></span><span class=\"ls4a ws76\">of <span class=\"ff9a ls46 ws6f\">STJ<span class=\"_ _2\"></span>S\u2019s<span class=\"_ _2\"></span></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws4f\">t<span class=\"_ _2\"></span>otal re<span class=\"_ _2\"></span>venu<span class=\"_ _2\"></span>e for the<span class=\"_ _2\"></span> <span class=\"ls2f ws4e\">year<span class=\"ls1 ws0\">s <span class=\"_ _3\"></span><span class=\"ls2f ws75\">e<span class=\"_ _2\"></span>nded November 30, <span class=\"ls31 ws53\">202<span class=\"ls1 ws0\">5 <span class=\"ls30 ws52\">and <span class=\"_ _1\"></span><span class=\"ls31 ws53\">202<span class=\"ls1 ws0\">4<span class=\"ls2f ws70\">, respectively</span>. </span></span></span></span></span></span></span></span></span></span></span></span></span>All other re<span class=\"_ _2\"></span>venue generated<span class=\"ls1 ws0\"> </span>by th<span class=\"_ _2\"></span>e <span class=\"ws4e\">STJS<span class=\"ls1 ws0\"> <span class=\"ls4a ws74\">is from<span class=\"_ _2\"></span> spot<span class=\"_ _2\"></span> contrac<span class=\"_ _2\"></span>ts.<span class=\"_ _2\"></span></span> </span></span>Paymen<span class=\"_ _2\"></span>t te<span class=\"_ _2\"></span>rms ge<span class=\"_ _2\"></span>ner<span class=\"_ _2\"></span>ally<span class=\"_ _2\"></span> do n<span class=\"_ _2\"></span>ot <span class=\"_ _2\"></span>have <span class=\"_ _2\"></span>a fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>ng ele<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>. Vari<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span> consid<span class=\"_ _2\"></span>era<span class=\"_ _2\"></span>tion i<span class=\"_ _2\"></span>s l<span class=\"_ _2\"></span>imited<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>that <span class=\"_ _2\"></span>related<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>o vari<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span> costs<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws4f\">whi<span class=\"_ _2\"></span>ch are<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>tu<span class=\"_ _2\"></span>ally p<span class=\"_ _2\"></span>asse<span class=\"_ _2\"></span>d on<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he cus<span class=\"_ _2\"></span>tome<span class=\"_ _2\"></span>r and<span class=\"_ _2\"></span> unc<span class=\"_ _2\"></span>erta<span class=\"_ _2\"></span>in </span></span></span></span>revenue<span class=\"_ _2\"></span>s s<span class=\"_ _2\"></span>uch <span class=\"_ _2\"></span>as de<span class=\"_ _2\"></span>murr<span class=\"_ _2\"></span>age.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-669": {
   "value": "Acc<span class=\"_ _3\"></span>ounti<span class=\"_ _1\"></span>ng <span class=\"_ _1\"></span><span class=\"ls1 ws0\">p<span class=\"ls6d wsa9\">olic<span class=\"_ _1\"></span>y<span class=\"ls1 ws0\"> </span></span></span>Oper<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng re<span class=\"_ _2\"></span>ven<span class=\"_ _2\"></span>ue <span class=\"ls2f ws2f\">is rec<span class=\"_ _2\"></span>ognised <span class=\"_ _2\"></span>when performance oblig<span class=\"_ _2\"></span>ations <span class=\"_ _2\"></span>are met, which<span class=\"_ _2\"></span> transfer the<span class=\"_ _2\"></span> control of<span class=\"_ _2\"></span> </span>goods <span class=\"_ _2\"></span>or pr<span class=\"_ _2\"></span>ovide <span class=\"_ _2\"></span>service<span class=\"_ _2\"></span>s to t<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>ustome<span class=\"_ _2\"></span>r, at<span class=\"_ _2\"></span> an <span class=\"ls49 ws78\">am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> <span class=\"wsaa\">that r<span class=\"_ _2\"></span>efl<span class=\"_ _2\"></span>ect<span class=\"_ _2\"></span>s the<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>nsid<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ion t<span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>whic<span class=\"_ _2\"></span>h th<span class=\"_ _2\"></span>e </span></span>Group exp<span class=\"_ _2\"></span>ects to b<span class=\"_ _2\"></span>e entit<span class=\"_ _2\"></span>led in <span class=\"_ _2\"></span>exchange<span class=\"_ _2\"></span> for th<span class=\"_ _2\"></span>ose good<span class=\"_ _2\"></span>s or ser<span class=\"_ _2\"></span>vices, n<span class=\"_ _2\"></span>et of di<span class=\"_ _2\"></span>scounts<span class=\"_ _2\"></span><span class=\"ls49 ws7c\">, age<span class=\"_ _2\"></span>ncy<span class=\"_ _2\"></span> </span>commi<span class=\"_ _2\"></span>ssion<span class=\"_ _2\"></span> fee<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">and sal<span class=\"_ _2\"></span>es t<span class=\"_ _2\"></span>axe<span class=\"_ _2\"></span>s.</span> </span>C<span class=\"ls49 wsaa\">osts to<span class=\"_ _2\"></span> obt<span class=\"_ _2\"></span>ain <span class=\"_ _2\"></span>a con<span class=\"_ _2\"></span>tra<span class=\"_ _2\"></span>ct</span> <span class=\"ls49 ws78\">are <span class=\"ls48 ws32\">immedi<span class=\"_ _2\"></span>ately exp<span class=\"_ _2\"></span>ensed w<span class=\"_ _2\"></span>hen the r<span class=\"_ _2\"></span>elated r<span class=\"_ _2\"></span>evenue is<span class=\"_ _2\"></span> expected<span class=\"_ _2\"></span> to be </span></span>recognised<span class=\"_ _2\"></span> within one year. <span class=\"ls1 ws0\"> </span>(i) T<span class=\"_ _2\"></span>anke<span class=\"_ _2\"></span>rs<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Oper<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng r<span class=\"ls48 ws32\">ev<span class=\"_ _2\"></span>enue is<span class=\"_ _2\"></span> recogni<span class=\"_ _2\"></span>sed upo<span class=\"_ _2\"></span>n delivery <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>services i<span class=\"_ _2\"></span>n accor<span class=\"_ _2\"></span>dance wit<span class=\"_ _2\"></span>h the t<span class=\"_ _2\"></span>erms <span class=\"_ _2\"></span>and </span>condit<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>ns of<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e co<span class=\"_ _2\"></span>ntr<span class=\"_ _2\"></span>act <span class=\"_ _2\"></span>of af<span class=\"_ _2\"></span>fre<span class=\"_ _2\"></span>ight<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">or</span> </span>spot co<span class=\"_ _2\"></span>ntr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws92\">and such </span></span><span class=\"ws78\">service<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">are perfo<span class=\"_ _2\"></span>rmed over<span class=\"_ _2\"></span> </span></span></span>time<span class=\"_ _2\"></span>. For<span class=\"_ _2\"></span> voy<span class=\"_ _2\"></span>age<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>n pro<span class=\"_ _2\"></span>gre<span class=\"_ _2\"></span>ss at<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> end<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>a pe<span class=\"_ _2\"></span>rio<span class=\"_ _2\"></span>d, the<span class=\"_ _2\"></span> unc<span class=\"_ _2\"></span>ert<span class=\"_ _2\"></span>aint<span class=\"_ _2\"></span>y a<span class=\"_ _2\"></span>nd t<span class=\"_ _2\"></span>he dep<span class=\"_ _2\"></span>end<span class=\"_ _2\"></span>enc<span class=\"_ _2\"></span>e on<span class=\"_ _2\"></span> estim<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> gr<span class=\"_ _2\"></span>eater<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>an f<span class=\"_ _2\"></span>or f<span class=\"_ _2\"></span>inal<span class=\"_ _2\"></span>ised<span class=\"_ _2\"></span> voy<span class=\"_ _2\"></span>age<span class=\"_ _2\"></span>s. T<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>ses <span class=\"_ _2\"></span>a pe<span class=\"_ _2\"></span>rce<span class=\"_ _2\"></span>ntag<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>esti<span class=\"_ _2\"></span>mat<span class=\"_ _2\"></span>ed reve<span class=\"_ _2\"></span>nue f<span class=\"_ _2\"></span>or t<span class=\"_ _2\"></span>he v<span class=\"_ _2\"></span>oy<span class=\"_ _2\"></span>age e<span class=\"_ _2\"></span>qual<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he p<span class=\"_ _2\"></span>erc<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>a<span class=\"ls61 wsac\">ge of t<span class=\"_ _2\"></span>he estimated duratio<span class=\"_ _2\"></span>n of the </span><span class=\"ws78\">voy<span class=\"_ _2\"></span>age<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls48 ws7d\">completed at </span></span></span>the bal<span class=\"_ _2\"></span>ance sheet d<span class=\"_ _2\"></span>ate. <span class=\"ws72\">D<span class=\"_ _2\"></span>emurr<span class=\"ls49 wsaa\">a<span class=\"_ _2\"></span>ge and<span class=\"_ _2\"></span> ot<span class=\"_ _2\"></span>her<span class=\"_ _2\"></span> reve<span class=\"_ _2\"></span>nue<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e unc<span class=\"_ _2\"></span>ert<span class=\"_ _2\"></span>ain<span class=\"_ _2\"></span> elem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> reve<span class=\"_ _2\"></span>nue <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>are<span class=\"_ _2\"></span> </span></span>recog<span class=\"_ _2\"></span>nis<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>when<span class=\"_ _2\"></span> incur<span class=\"_ _2\"></span>red<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span>nd ge<span class=\"_ _2\"></span>neral<span class=\"_ _2\"></span>ly i<span class=\"_ _2\"></span>nvoic<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>at t<span class=\"_ _2\"></span>he e<span class=\"_ _2\"></span>nd <span class=\"_ _2\"></span>of th<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> </span><span class=\"ws78\">mont<span class=\"_ _2\"></span>h.<span class=\"ls1 ws0\"> </span></span>The Group oper<span class=\"_ _2\"></span>ates the Stolt<span class=\"_ _2\"></span> Tankers Joi<span class=\"_ _2\"></span>nt Service (<span class=\"ls46 ws6f\">S<span class=\"_ _2\"></span>TJS<span class=\"_ _2\"></span><span class=\"ls1 ws0\">) <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">and<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Sto<span class=\"_ _2\"></span>lt <span class=\"_ _2\"></span>NYK As<span class=\"_ _2\"></span>ia <span class=\"_ _2\"></span>Paci<span class=\"_ _2\"></span>fic<span class=\"_ _2\"></span> Ser<span class=\"_ _2\"></span>vic<span class=\"_ _2\"></span>e </span></span></span>Pool (S<span class=\"_ _2\"></span>NAPS P<span class=\"_ _2\"></span>ool)<span class=\"_ _2\"></span><span class=\"ls4b ws77\">, <span class=\"ls2f ws92\">which are <span class=\"ls49 ws78\">arrang<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span></span></span></span><span class=\"ls1\">s <span class=\"_ _1\"></span><span class=\"ls54 ws70\">in which t<span class=\"_ _2\"></span>he Group acts as the principal for t<span class=\"_ _2\"></span>he delivery </span></span>of se<span class=\"_ _2\"></span>rvic<span class=\"_ _2\"></span>es a<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span> provi<span class=\"_ _2\"></span>de<span class=\"_ _2\"></span>s the<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ord<span class=\"_ _2\"></span>inate<span class=\"_ _2\"></span>d mar<span class=\"_ _2\"></span>ket<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span>, op<span class=\"_ _2\"></span>erati<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n and<span class=\"_ _2\"></span> admi<span class=\"_ _2\"></span>nist<span class=\"_ _2\"></span>rat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> of d<span class=\"_ _2\"></span>eep<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span><span class=\"ws78\">sea </span>inter<span class=\"_ _2\"></span>con<span class=\"_ _2\"></span>tine<span class=\"_ _2\"></span>ntal<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"wsaa\">and r<span class=\"_ _2\"></span>egio<span class=\"_ _2\"></span>nal<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">parcel tank<span class=\"_ _2\"></span>ers owned or c<span class=\"_ _2\"></span>hartered by <span class=\"_ _2\"></span>the Group.<span class=\"_ _2\"></span> As the Gro<span class=\"_ _2\"></span>up acts as </span></span></span>the p<span class=\"_ _2\"></span>rinci<span class=\"_ _2\"></span>pal<span class=\"_ _2\"></span> in <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> arr<span class=\"_ _2\"></span>ange<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>, <span class=\"_ _2\"></span>all re<span class=\"_ _2\"></span>ven<span class=\"_ _2\"></span>ue r<span class=\"_ _2\"></span>el<span class=\"_ _2\"></span>ating<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls61 ws89\">the<span class=\"ls1 ws0\"> <span class=\"ls46 ws6f\">ST<span class=\"_ _2\"></span>JS</span> <span class=\"ls49 ws7c\">and SNA<span class=\"_ _2\"></span>PS Po<span class=\"_ _2\"></span>ol are</span> <span class=\"ls49 wsaa\">rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>a </span></span></span></span>gros<span class=\"_ _2\"></span>s basi<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he in<span class=\"_ _2\"></span>come<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent.<span class=\"_ _2\"></span> Ce<span class=\"_ _2\"></span>rtai<span class=\"_ _2\"></span>n s<span class=\"_ _2\"></span>hips<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> ar<span class=\"_ _2\"></span>e not<span class=\"_ _2\"></span> ow<span class=\"_ _2\"></span>ned b<span class=\"_ _2\"></span>y t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> ar<span class=\"_ _2\"></span>e tim<span class=\"_ _2\"></span>e chartered by th<span class=\"_ _2\"></span>e Group fr<span class=\"_ _2\"></span>om participants<span class=\"_ _2\"></span> in <span class=\"ls46 ws6f\">ST<span class=\"_ _2\"></span>JS<span class=\"ls1 ws0\"> <span class=\"ls53\">and the<span class=\"_ _2\"></span> SNAPS<span class=\"_ _2\"></span> Pool</span></span></span>.<span class=\"_ _2\"></span> The time<span class=\"_ _2\"></span> charter <span class=\"ls49 ws78\">e<span class=\"_ _2\"></span>xpe<span class=\"_ _2\"></span>nse<span class=\"ls1 ws0\"> <span class=\"ls54 ws83\">is </span></span></span>calc<span class=\"_ _2\"></span>ulat<span class=\"_ _2\"></span>ed b<span class=\"_ _2\"></span>ased<span class=\"_ _2\"></span> upo<span class=\"_ _2\"></span>n th<span class=\"_ _2\"></span>e co<span class=\"_ _2\"></span>mbi<span class=\"_ _2\"></span>ned <span class=\"_ _2\"></span>oper<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng r<span class=\"_ _2\"></span>even<span class=\"_ _2\"></span>ue of<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e s<span class=\"_ _2\"></span>hip<span class=\"_ _2\"></span>s <span class=\"ws78\">that<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls54 ws70\">participate in the <span class=\"ls46 ws6f\">ST<span class=\"_ _2\"></span>JS</span></span> </span>and </span>SNAPS P<span class=\"_ _2\"></span>ool <span class=\"ls48 ws32\">le<span class=\"_ _2\"></span>ss combi<span class=\"_ _2\"></span>ned voy<span class=\"_ _2\"></span>age expe<span class=\"_ _2\"></span>nses, o<span class=\"_ _2\"></span>verhead c<span class=\"_ _2\"></span>osts, <span class=\"_ _2\"></span><span class=\"ls49 ws78\">and</span></span><span class=\"ls1\"> <span class=\"ls54 ws70\">commissions to outside brokers </span></span>and <span class=\"_ _2\"></span>upon e<span class=\"_ _2\"></span>ac<span class=\"_ _2\"></span>h ship<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s carg<span class=\"_ _2\"></span>o c<span class=\"_ _2\"></span>apa<span class=\"_ _2\"></span>city,<span class=\"_ _2\"></span> its<span class=\"_ _2\"></span> numb<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span> of op<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ating<span class=\"_ _2\"></span> day<span class=\"_ _2\"></span>s d<span class=\"_ _2\"></span>uring<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> per<span class=\"_ _2\"></span>iod<span class=\"_ _2\"></span>, and<span class=\"_ _2\"></span> it<span class=\"_ _2\"></span>s assig<span class=\"_ _2\"></span>ned<span class=\"ls1 ws0\"> </span><span class=\"wsaa\">ear<span class=\"_ _2\"></span>ning<span class=\"_ _2\"></span>s f<span class=\"_ _2\"></span>ac<span class=\"ls53 ws80\">tor.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span>(ii<span class=\"_ _2\"></span>) Termi<span class=\"_ _2\"></span>nal<span class=\"_ _2\"></span>s <span class=\"ls1 ws0\"> </span>Tank <span class=\"_ _2\"></span>stor<span class=\"_ _2\"></span>age<span class=\"_ _2\"></span> rent<span class=\"_ _2\"></span>als<span class=\"_ _2\"></span>, i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> mini<span class=\"_ _2\"></span>mum<span class=\"_ _2\"></span> gua<span class=\"_ _2\"></span>rante<span class=\"_ _2\"></span>ed t<span class=\"_ _2\"></span>hro<span class=\"_ _2\"></span>ugh<span class=\"_ _2\"></span>puts<span class=\"_ _2\"></span>, ar<span class=\"_ _2\"></span>e re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>nised<span class=\"_ _2\"></span> o<span class=\"_ _2\"></span>ver t<span class=\"_ _2\"></span>he contractual peri<span class=\"_ _2\"></span>od during whic<span class=\"_ _2\"></span>h the service<span class=\"_ _2\"></span>s are rendered. T<span class=\"_ _2\"></span>hese c<span class=\"_ _2\"></span>harges are mostl<span class=\"_ _2\"></span>y <span class=\"ls49 wsaa\">due<span class=\"_ _2\"></span> at t<span class=\"_ _2\"></span>he </span>beginning of<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls4b ws49\">t<span class=\"_ _2\"></span>he mo<span class=\"_ _2\"></span>nth t<span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>which <span class=\"_ _2\"></span>such <span class=\"_ _2\"></span>char<span class=\"_ _2\"></span>ges r<span class=\"_ _2\"></span>elat<span class=\"_ _2\"></span>e. <span class=\"ls49 ws7c\">O<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng r<span class=\"wsaa\">e<span class=\"_ _2\"></span>venu<span class=\"_ _2\"></span>e fro<span class=\"_ _2\"></span>m ad<span class=\"_ _2\"></span>diti<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>al t<span class=\"_ _2\"></span>hroug<span class=\"_ _2\"></span>hpu<span class=\"_ _2\"></span>t </span></span></span></span>fees<span class=\"ls1 ws0\">, <span class=\"ls49 ws78\">ancillary<span class=\"_ _2\"></span> <span class=\"wsaa\">fees,<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> rail<span class=\"_ _2\"></span>car<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>orag<span class=\"_ _2\"></span>e, l<span class=\"_ _2\"></span>oadi<span class=\"_ _2\"></span>ng, <span class=\"_ _2\"></span>swit<span class=\"_ _2\"></span>chi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>othe<span class=\"_ _2\"></span>r</span></span> </span>fees<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">based<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>actual<span class=\"_ _2\"></span> u<span class=\"_ _2\"></span>sage <span class=\"_ _2\"></span>are<span class=\"_ _2\"></span> </span></span>recognised at<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">the po<span class=\"_ _2\"></span>int i<span class=\"_ _2\"></span>n ti<span class=\"_ _2\"></span>me <span class=\"_ _2\"></span>whe<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>hose <span class=\"_ _2\"></span>ser<span class=\"_ _2\"></span>vice<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> del<span class=\"_ _2\"></span>iver<span class=\"_ _2\"></span>ed.<span class=\"_ _2\"></span></span> </span>(<span class=\"_ _1\"></span>i<span class=\"ls4a ws95\">ii) Tank Cont<span class=\"_ _2\"></span>ainers </span> Transportation r<span class=\"_ _2\"></span>evenue is reco<span class=\"_ _2\"></span>gnised upon deli<span class=\"_ _2\"></span>very of ser<span class=\"_ _2\"></span>vices in accord<span class=\"_ _2\"></span>ance with t<span class=\"_ _2\"></span>he agreement with<span class=\"_ _2\"></span> cust<span class=\"_ _2\"></span>omer<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>and is<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>og<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d over<span class=\"_ _2\"></span> ti<span class=\"_ _2\"></span>me u<span class=\"_ _2\"></span>sing<span class=\"_ _2\"></span> a me<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> pr<span class=\"_ _2\"></span>ogre<span class=\"_ _2\"></span>ss. <span class=\"_ _2\"></span>For<span class=\"_ _2\"></span> ta<span class=\"_ _2\"></span>nk co<span class=\"_ _2\"></span>ntai<span class=\"_ _2\"></span>ner<span class=\"_ _2\"></span> shipments<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls48 ws32\">in p<span class=\"_ _2\"></span>rogres<span class=\"_ _2\"></span>s at t<span class=\"_ _2\"></span>he end <span class=\"_ _2\"></span>of a peri<span class=\"_ _2\"></span>od, the <span class=\"_ _2\"></span>uncert<span class=\"_ _2\"></span>ainty and t<span class=\"_ _2\"></span>he depe<span class=\"_ _2\"></span>ndence o<span class=\"_ _2\"></span>n esti<span class=\"_ _2\"></span>mates ar<span class=\"_ _2\"></span>e </span></span>great<span class=\"_ _2\"></span>er t<span class=\"_ _2\"></span>han f<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nali<span class=\"_ _2\"></span>sed m<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s. T<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>se<span class=\"_ _2\"></span>s a pe<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>cent<span class=\"_ _2\"></span>age o<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he est<span class=\"_ _2\"></span>im<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> rev<span class=\"_ _2\"></span>enue<span class=\"_ _2\"></span> for t<span class=\"_ _2\"></span>he <span class=\"ws77\">shi<span class=\"_ _2\"></span>p<span class=\"ls48 ws72\">men<span class=\"_ _2\"></span>t <span class=\"ls49 wsaa\">using t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> perce<span class=\"_ _2\"></span>ntag<span class=\"_ _2\"></span>e o<span class=\"_ _2\"></span>f eff<span class=\"_ _2\"></span>ort<span class=\"_ _2\"></span> (<span class=\"ff99 ls1 ws0\">\u2018</span>inp<span class=\"_ _2\"></span>ut me<span class=\"_ _2\"></span>thod<span class=\"_ _2\"></span><span class=\"ff99 ls1 ws0\">\u2019</span>) req<span class=\"_ _2\"></span>uire<span class=\"_ _2\"></span>d at<span class=\"_ _2\"></span> ori<span class=\"_ _2\"></span>gin a<span class=\"_ _2\"></span>nd d<span class=\"_ _2\"></span>est<span class=\"_ _2\"></span>inati<span class=\"_ _2\"></span>on.<span class=\"_ _2\"></span> </span></span></span>Demurrage <span class=\"ls49 wsaa\">and<span class=\"_ _2\"></span> othe<span class=\"_ _2\"></span>r re<span class=\"_ _2\"></span>ve<span class=\"_ _2\"></span>nue<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e unc<span class=\"_ _2\"></span>ertai<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> elem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws92\">re<span class=\"_ _2\"></span>venue and are recognised when incurred </span></span></span>and g<span class=\"_ _2\"></span>ener<span class=\"_ _2\"></span>ally<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span>voic<span class=\"_ _2\"></span>ed at<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> end<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> <span class=\"ls61 ws89\">the<span class=\"ls1 ws0\"> </span></span><span class=\"ws78\">month.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>(iv<span class=\"_ _2\"></span>) SSF<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Oper<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng r<span class=\"ls48 ws72\">ev<span class=\"_ _2\"></span>enue <span class=\"ls54 ws83\">is<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>nised<span class=\"_ _2\"></span> w<span class=\"_ _2\"></span>hen<span class=\"_ _2\"></span> perf<span class=\"_ _2\"></span>orma<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> obli<span class=\"_ _2\"></span>gati<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e sat<span class=\"_ _2\"></span>isfi<span class=\"_ _2\"></span>ed b<span class=\"_ _2\"></span>y tr<span class=\"_ _2\"></span>ans<span class=\"_ _2\"></span>ferri<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>co<span class=\"_ _2\"></span>ntrol<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> </span></span></span></span>goods<span class=\"ls1 ws0\"> </span>or<span class=\"ls1 ws0\"> a<span class=\"_ _1\"></span> <span class=\"ls48 ws32\">service<span class=\"_ _2\"></span> to the c<span class=\"_ _2\"></span>ustomer<span class=\"_ _2\"></span>. Where<span class=\"_ _2\"></span> the terms<span class=\"_ _2\"></span> of sal<span class=\"_ _2\"></span>e <span class=\"ls49 ws78\">are<span class=\"_ _2\"></span></span></span> <span class=\"ls49 wsaa\">free o<span class=\"_ _2\"></span>n b<span class=\"_ _2\"></span>oard<span class=\"_ _2\"></span>, <span class=\"ws78\">op<span class=\"_ _2\"></span>era<span class=\"_ _2\"></span>ting<span class=\"_ _2\"></span> </span>revenu<span class=\"_ _2\"></span>e is<span class=\"_ _2\"></span> </span></span>recog<span class=\"_ _2\"></span>nised <span class=\"_ _2\"></span>on disp<span class=\"_ _2\"></span>atch <span class=\"_ _2\"></span>of pr<span class=\"_ _2\"></span>oducts t<span class=\"_ _2\"></span>o t<span class=\"_ _2\"></span>he cust<span class=\"_ _2\"></span>omer. <span class=\"ls49 ws7c\">O<span class=\"_ _2\"></span>pe<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ng r<span class=\"ls48 ws32\">e<span class=\"_ _2\"></span>venue i<span class=\"_ _2\"></span>s</span></span><span class=\"ls1\"> <span class=\"_ _1\"></span><span class=\"ls48 ws32\">r<span class=\"_ _2\"></span>ecognised <span class=\"_ _2\"></span>on deli<span class=\"_ _2\"></span>very </span></span>wher<span class=\"_ _2\"></span>e the<span class=\"_ _2\"></span> ter<span class=\"_ _2\"></span>ms <span class=\"_ _2\"></span>of s<span class=\"_ _2\"></span>ale i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>ude c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s, i<span class=\"_ _2\"></span>nsur<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span>, fr<span class=\"_ _2\"></span>eig<span class=\"_ _2\"></span>ht a<span class=\"_ _2\"></span>nd d<span class=\"_ _2\"></span>esti<span class=\"_ _2\"></span>nati<span class=\"_ _2\"></span>on d<span class=\"_ _2\"></span>uty<span class=\"_ _2\"></span> paid<span class=\"_ _2\"></span>. T<span class=\"_ _2\"></span>he am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> recorded as<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">revenu<span class=\"_ _2\"></span>e i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>all <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>sed a<span class=\"_ _2\"></span>ccor<span class=\"_ _2\"></span>ding<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>o t<span class=\"_ _2\"></span>he te<span class=\"_ _2\"></span>rms o<span class=\"_ _2\"></span>f s<span class=\"_ _2\"></span>ale<span class=\"_ _2\"></span>, inc<span class=\"_ _2\"></span>ludi<span class=\"_ _2\"></span>ng </span></span>shipp<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> and ha<span class=\"_ _2\"></span>ndli<span class=\"_ _2\"></span>ng co<span class=\"_ _2\"></span><span class=\"ls54 ws70\">sts billed to customers, and<span class=\"ls1 ws0\"> <span class=\"ls57 wsad\">af<span class=\"_ _1\"></span>ter de<span class=\"_ _1\"></span>duct<span class=\"_ _1\"></span>ions f<span class=\"_ _1\"></span>or cla<span class=\"_ _1\"></span>ims o<span class=\"_ _1\"></span>r return<span class=\"_ _1\"></span>s of go<span class=\"_ _1\"></span>ods, </span></span></span>rebat<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>allo<span class=\"_ _2\"></span>wanc<span class=\"_ _2\"></span>es ag<span class=\"_ _2\"></span>ai<span class=\"_ _2\"></span>nst t<span class=\"_ _2\"></span>he p<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>ce of<span class=\"_ _2\"></span> go<span class=\"_ _2\"></span>ods.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>(v) S<span class=\"_ _2\"></span>tolt<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls4c wsaa\">Nielsen Gas</span> </span>Reve<span class=\"_ _2\"></span>nues<span class=\"_ _2\"></span> from<span class=\"_ _2\"></span> tim<span class=\"_ _2\"></span>e ch<span class=\"_ _2\"></span>art<span class=\"_ _2\"></span>ers<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> bar<span class=\"_ _2\"></span>eboat<span class=\"_ _2\"></span> ch<span class=\"_ _2\"></span>arter<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e a<span class=\"_ _2\"></span>cco<span class=\"_ _2\"></span>unted<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>r as<span class=\"_ _2\"></span> ope<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ng l<span class=\"_ _2\"></span>ease<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd ar<span class=\"_ _2\"></span>e recognised on a<span class=\"_ _2\"></span> straight<span class=\"ls1 ws0\">-<span class=\"ls48 ws32\">line ba<span class=\"_ _2\"></span>sis over<span class=\"_ _2\"></span> the per<span class=\"_ _2\"></span>iods of<span class=\"_ _2\"></span> such ch<span class=\"_ _2\"></span>arters, a<span class=\"_ _2\"></span>s service<span class=\"_ _2\"></span> is perf<span class=\"_ _2\"></span>ormed.<span class=\"_ _2\"></span> For th<span class=\"_ _2\"></span>e </span></span>LNG <span class=\"_ _2\"></span>sales<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> bu<span class=\"_ _2\"></span>nker<span class=\"_ _2\"></span>ing s<span class=\"_ _2\"></span>ervi<span class=\"_ _2\"></span>ce<span class=\"_ _2\"></span>s, op<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> rev<span class=\"_ _2\"></span>enue<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> r<span class=\"ls53 ws0\">ec<span class=\"_ _2\"></span>ognise<span class=\"_ _2\"></span>d upon<span class=\"_ _2\"></span> compl<span class=\"_ _2\"></span>etion <span class=\"_ _2\"></span>of LN<span class=\"_ _2\"></span>G </span>bunkering <span class=\"_ _2\"></span>operatio<span class=\"_ _2\"></span>ns, whereb<span class=\"_ _2\"></span>y th<span class=\"_ _2\"></span>e Group s<span class=\"_ _2\"></span>upplies L<span class=\"_ _2\"></span>NG to <span class=\"_ _2\"></span>a custo<span class=\"_ _2\"></span>mer thro<span class=\"_ _2\"></span>ugh either<span class=\"_ _2\"></span> a spot<span class=\"_ _2\"></span> or cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>affr<span class=\"_ _2\"></span>eig<span class=\"_ _2\"></span>htme<span class=\"_ _2\"></span>nt.<span class=\"_ _195\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-603": {
   "value": "5.<span class=\"ls1 ws0\"> Operating Expenses  </span>Acc<span class=\"_ _3\"></span>ounti<span class=\"_ _1\"></span>ng p<span class=\"_ _1\"></span><span class=\"ls6d wsa9\">olicy<span class=\"ls1 ws0\"> </span></span>(i) Tan<span class=\"_ _2\"></span>kers<span class=\"ls1 ws0\">  </span>Tanke<span class=\"_ _2\"></span>rs<span class=\"ff99 ls1 ws0\">\u2019<span class=\"ff98\"> </span></span><span class=\"wsaa\">operati<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> expe<span class=\"_ _2\"></span>nses<span class=\"_ _2\"></span> incl<span class=\"_ _2\"></span>ude <span class=\"_ _2\"></span>co<span class=\"_ _2\"></span>sts d<span class=\"_ _2\"></span>irect<span class=\"_ _2\"></span>ly <span class=\"_ _2\"></span>asso<span class=\"_ _2\"></span>ciat<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>wit<span class=\"_ _2\"></span>h t<span class=\"_ _2\"></span>he op<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>mai<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> </span>the parc<span class=\"_ _2\"></span>el tanker<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">and bar<span class=\"_ _2\"></span>ge<span class=\"_ _2\"></span>s<span class=\"ls30 wsab\">. Th<span class=\"_ _2\"></span>ese</span></span> <span class=\"ls49 wsaa\">type<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> cost<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>e <span class=\"ls61 ws89\">tim<span class=\"_ _2\"></span>e</span></span> <span class=\"_ _1\"></span><span class=\"ls2f ws92\">c<span class=\"_ _2\"></span>harter costs,<span class=\"ls1 ws0\"> <span class=\"ls4b ws77\">the <span class=\"ls48 ws32\">service el<span class=\"_ _2\"></span>ement of<span class=\"_ _2\"></span> </span></span></span></span></span>leases,<span class=\"ls1 ws0\"> <span class=\"ls54 ws70\">bunker fuel costs, port costs, manning co<span class=\"_ _2\"></span>sts (for example, ship personnel and benefit<span class=\"_ _2\"></span>s), sublet </span></span>costs, repair <span class=\"_ _2\"></span><span class=\"ls49 ws78\">and<span class=\"ls1 ws0\"> </span><span class=\"wsaa\">mai<span class=\"_ _2\"></span>ntena<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>tan<span class=\"_ _2\"></span>kers<span class=\"_ _2\"></span>, co<span class=\"_ _2\"></span>mmis<span class=\"_ _2\"></span>sio<span class=\"_ _2\"></span>n exp<span class=\"_ _2\"></span>ense<span class=\"_ _2\"></span>s, b<span class=\"_ _2\"></span>argi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span></span>tr<span class=\"_ _2\"></span>an<span class=\"ls1 ws0\">s-<span class=\"_ _1\"></span><span class=\"ls54 ws83\">shipment<span class=\"ls1 ws0\"> <span class=\"ls4b ws77\">costs<span class=\"_ _2\"></span>, </span></span></span></span></span>canal<span class=\"_ _2\"></span> tra<span class=\"_ _2\"></span>nsi<span class=\"_ _2\"></span>t co<span class=\"_ _2\"></span>sts,<span class=\"_ _2\"></span> ins<span class=\"_ _2\"></span>ur<span class=\"_ _2\"></span>ance p<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>mium<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> ot<span class=\"_ _2\"></span>her s<span class=\"_ _2\"></span>hip<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span>owning<span class=\"_ _2\"></span> ex<span class=\"_ _2\"></span>pens<span class=\"_ _2\"></span>es (<span class=\"_ _2\"></span>for <span class=\"_ _2\"></span>exa<span class=\"_ _2\"></span>mple<span class=\"_ _2\"></span>, pr<span class=\"_ _2\"></span>ovi<span class=\"_ _2\"></span>sio<span class=\"_ _2\"></span>ns, ship supplies, cleaning<span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">and</span> <span class=\"ls2f ws2f\">cargo survey co<span class=\"_ _2\"></span>sts).</span> </span>(ii)<span class=\"ls1 ws0\"> <span class=\"ls46 ws6f\">Term<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>als</span>  </span>Terminals<span class=\"ff99 ls1 ws0\">\u2019<span class=\"ff98\"> <span class=\"_ _1\"></span>o<span class=\"ls49 wsaa\">perati<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>expe<span class=\"_ _2\"></span>nse<span class=\"_ _2\"></span>s c<span class=\"_ _2\"></span>onsi<span class=\"_ _2\"></span>st of<span class=\"_ _2\"></span> cos<span class=\"_ _2\"></span>ts <span class=\"_ _2\"></span>dire<span class=\"_ _2\"></span>ctl<span class=\"_ _2\"></span>y as<span class=\"_ _2\"></span>soci<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>d wit<span class=\"_ _2\"></span>h t<span class=\"_ _2\"></span>he op<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> </span></span></span>mai<span class=\"_ _2\"></span>ntena<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he te<span class=\"_ _2\"></span>rmi<span class=\"_ _2\"></span>nals.<span class=\"_ _2\"></span> Th<span class=\"_ _2\"></span>ese <span class=\"_ _2\"></span>type<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>costs<span class=\"_ _2\"></span> incl<span class=\"_ _2\"></span>ude <span class=\"ws78\">p<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>sonne<span class=\"_ _2\"></span>l<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">and employ<span class=\"_ _2\"></span>ee benef<span class=\"_ _2\"></span>it cost<span class=\"_ _2\"></span>s, </span></span></span>facilities and <span class=\"ws83\">u<span class=\"_ _1\"></span>tilities<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">(incl<span class=\"_ _2\"></span>udi<span class=\"_ _2\"></span>ng r<span class=\"_ _2\"></span>eal<span class=\"_ _2\"></span> est<span class=\"_ _2\"></span>ate t<span class=\"_ _2\"></span>axe<span class=\"_ _2\"></span>s)<span class=\"_ _2\"></span>, rai<span class=\"_ _2\"></span>l ex<span class=\"_ _2\"></span>pens<span class=\"_ _2\"></span>es<span class=\"_ _2\"></span>, ma<span class=\"_ _2\"></span>inte<span class=\"_ _2\"></span>nance<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> rep<span class=\"_ _2\"></span>air <span class=\"_ _2\"></span>co<span class=\"_ _2\"></span>sts, </span></span></span>regul<span class=\"_ _2\"></span>ato<span class=\"_ _2\"></span>ry <span class=\"ls30 ws52\">costs<span class=\"_ _2\"></span><span class=\"ls2f ws2f\">, storage co<span class=\"_ _2\"></span>sts and other <span class=\"_ _2\"></span>operating expen<span class=\"_ _2\"></span>ses (for <span class=\"_ _2\"></span>example, insurance<span class=\"_ _2\"></span>, <span class=\"ls48 ws72\">electric<span class=\"_ _2\"></span>ity, </span></span></span>surve<span class=\"_ _2\"></span>y c<span class=\"_ _2\"></span>osts<span class=\"_ _2\"></span>, cle<span class=\"_ _2\"></span>ani<span class=\"_ _2\"></span>ng, l<span class=\"_ _2\"></span>ine<span class=\"_ _2\"></span> ha<span class=\"_ _2\"></span>ul,<span class=\"_ _2\"></span> rail<span class=\"_ _2\"></span> cost<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span><span class=\"ws78\">and<span class=\"ls1 ws0\"> </span></span>tan<span class=\"_ _2\"></span>k car<span class=\"_ _2\"></span> <span class=\"ls4b ws77\">hir<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">costs).<span class=\"_ _2\"></span></span> </span></span>(iii) Tank Cont<span class=\"_ _2\"></span>ainers <span class=\"ls1 ws0\"> </span>Tank C<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ai<span class=\"_ _2\"></span>ners op<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ating<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>ses of<span class=\"_ _2\"></span> Ta<span class=\"_ _2\"></span>nk C<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ainer<span class=\"_ _2\"></span>s c<span class=\"_ _2\"></span>onsi<span class=\"_ _2\"></span>st <span class=\"_ _2\"></span>of co<span class=\"_ _2\"></span>sts<span class=\"_ _2\"></span> direc<span class=\"_ _2\"></span>tl<span class=\"_ _2\"></span>y as<span class=\"_ _2\"></span>soci<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>d wit<span class=\"_ _2\"></span>h th<span class=\"_ _2\"></span>e oper<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n an<span class=\"_ _2\"></span>d mai<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e ta<span class=\"_ _2\"></span>nk co<span class=\"_ _2\"></span>ntai<span class=\"_ _2\"></span>ner<span class=\"_ _2\"></span>s. T<span class=\"_ _2\"></span>hes<span class=\"_ _2\"></span>e typ<span class=\"_ _2\"></span>es of<span class=\"_ _2\"></span> c<span class=\"_ _2\"></span>osts<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 ws7c\">i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>ude oce<span class=\"_ _2\"></span>an an<span class=\"_ _2\"></span>d inl<span class=\"_ _2\"></span>and </span></span>freight charges, <span class=\"ls49 wsaa\">rep<span class=\"_ _2\"></span>ositi<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ning<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>ank c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ainer<span class=\"_ _2\"></span>s,<span class=\"_ _2\"></span> tank<span class=\"_ _2\"></span> re<span class=\"_ _2\"></span>ntal<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>enses<span class=\"_ _2\"></span>, c<span class=\"_ _2\"></span>leani<span class=\"_ _2\"></span>ng c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s, <span class=\"_ _2\"></span><span class=\"ls54 ws70\">ancillary billable </span></span>costs (<span class=\"_ _2\"></span>ser<span class=\"_ _2\"></span>vice<span class=\"_ _2\"></span>s purc<span class=\"_ _2\"></span>hased<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> charg<span class=\"_ _2\"></span>ed<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">thro<span class=\"_ _2\"></span>ugh t<span class=\"_ _2\"></span>o cu<span class=\"_ _2\"></span>sto<span class=\"_ _2\"></span>mers<span class=\"_ _2\"></span>), m<span class=\"_ _2\"></span>aint<span class=\"_ _2\"></span>ena<span class=\"_ _2\"></span>nce a<span class=\"_ _2\"></span>nd r<span class=\"_ _2\"></span>epai<span class=\"_ _2\"></span>r c<span class=\"_ _2\"></span>osts<span class=\"_ _2\"></span>, </span></span>storage <span class=\"ls49 ws7c\">and othe<span class=\"_ _2\"></span>r move<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls48 ws72\">related <span class=\"ls30 wsab\">costs,<span class=\"_ _2\"></span> insu<span class=\"_ _2\"></span>rance<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> other<span class=\"_ _2\"></span> ope<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ng expe<span class=\"_ _2\"></span>nses (<span class=\"_ _2\"></span>for<span class=\"_ _2\"></span></span></span> <span class=\"ls54 ws75\">e<span class=\"_ _1\"></span>x<span class=\"_ _2\"></span>ample, depot </span></span></span>expenses,<span class=\"_ _2\"></span> agency fe<span class=\"_ _2\"></span>e<span class=\"ls49 wsaa\">s a<span class=\"_ _2\"></span>nd r<span class=\"_ _2\"></span>efurb<span class=\"_ _2\"></span>ishi<span class=\"_ _2\"></span>ng c<span class=\"_ _2\"></span>os<span class=\"_ _2\"></span>ts).</span><span class=\"ls49 wsaa\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>(iv)<span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">SSF</span>  </span>SSF operating <span class=\"_ _2\"></span>expenses include <span class=\"_ _2\"></span>production c<span class=\"_ _2\"></span>ost of goods<span class=\"_ _2\"></span> sold (<span class=\"_ _2\"></span><span class=\"ff99 ls1 ws0\">\u2018<span class=\"_ _1\"></span><span class=\"ff98 ls53 ws80\">P<span class=\"_ _2\"></span>COGS<span class=\"ff99 ls1 ws0\">\u2019</span><span class=\"ls57 ws74\">),<span class=\"_ _1\"></span> whi<span class=\"_ _1\"></span>ch are<span class=\"_ _1\"></span> cos<span class=\"_ _1\"></span>ts in<span class=\"_ _1\"></span>curr<span class=\"_ _1\"></span>ed for<span class=\"_ _1\"></span> </span></span></span>the p<span class=\"_ _2\"></span>rod<span class=\"_ _2\"></span>uctio<span class=\"_ _2\"></span>n of<span class=\"_ _2\"></span> ju<span class=\"_ _2\"></span>veni<span class=\"_ _2\"></span>le fi<span class=\"_ _2\"></span>sh<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> the s<span class=\"_ _2\"></span>ub<span class=\"_ _2\"></span>seque<span class=\"_ _2\"></span>nt gr<span class=\"_ _2\"></span>owi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> of j<span class=\"_ _2\"></span>uve<span class=\"_ _2\"></span>nile f<span class=\"_ _2\"></span>ish<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>o ad<span class=\"_ _2\"></span>ult f<span class=\"_ _2\"></span>is<span class=\"_ _2\"></span>h re<span class=\"_ _2\"></span>ady f<span class=\"_ _2\"></span>or mark<span class=\"_ _2\"></span>et. T<span class=\"_ _2\"></span>hes<span class=\"_ _2\"></span>e PCO<span class=\"_ _2\"></span>GS i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>ude<span class=\"_ _2\"></span> cost<span class=\"_ _2\"></span>s to p<span class=\"_ _2\"></span>rod<span class=\"_ _2\"></span>uce<span class=\"_ _2\"></span> egg<span class=\"_ _2\"></span>s for<span class=\"_ _2\"></span> fer<span class=\"_ _2\"></span>tili<span class=\"_ _2\"></span>sati<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n, o<span class=\"_ _2\"></span>nsit<span class=\"_ _2\"></span>e lab<span class=\"_ _2\"></span>our<span class=\"_ _2\"></span>/per<span class=\"_ _2\"></span>sonn<span class=\"_ _2\"></span>el c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s, feed cost<span class=\"_ _2\"></span>s, energy<span class=\"_ _2\"></span> cos<span class=\"ls49 wsaa\">t<span class=\"_ _2\"></span>s, co<span class=\"_ _2\"></span>ntr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span> gro<span class=\"_ _2\"></span>wer f<span class=\"_ _2\"></span>ees<span class=\"_ _2\"></span>, rep<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> mai<span class=\"_ _2\"></span>nten<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> cost<span class=\"_ _2\"></span>s, o<span class=\"_ _2\"></span>xyg<span class=\"_ _2\"></span>en c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd </span>veterinary<span class=\"_ _2\"></span> fees. <span class=\"ls4b ws77\">O<span class=\"_ _2\"></span>ther<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">costs included withi<span class=\"_ _2\"></span>n operating exp<span class=\"_ _2\"></span>enses are co<span class=\"_ _2\"></span>sts of fish p<span class=\"_ _2\"></span>urchased from <span class=\"_ _2\"></span>third </span></span></span>parti<span class=\"_ _2\"></span>es,<span class=\"_ _2\"></span> frei<span class=\"_ _2\"></span>ght<span class=\"_ _2\"></span> cost<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>o c<span class=\"_ _2\"></span>ustom<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>s, al<span class=\"_ _2\"></span>l pr<span class=\"_ _2\"></span>im<span class=\"_ _2\"></span>ary a<span class=\"_ _2\"></span>nd se<span class=\"_ _2\"></span>con<span class=\"_ _2\"></span>dar<span class=\"_ _2\"></span>y pr<span class=\"_ _2\"></span>oce<span class=\"_ _2\"></span>ssing<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> pac<span class=\"_ _2\"></span>kagi<span class=\"_ _2\"></span>ng c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s, distr<span class=\"_ _2\"></span>ib<span class=\"_ _2\"></span>utio<span class=\"_ _2\"></span>n and<span class=\"_ _2\"></span> ha<span class=\"_ _2\"></span>ndli<span class=\"_ _2\"></span>ng c<span class=\"_ _2\"></span>osts<span class=\"_ _2\"></span>, s<span class=\"_ _2\"></span>torag<span class=\"_ _2\"></span>e,<span class=\"_ _2\"></span> impo<span class=\"_ _2\"></span>rt d<span class=\"_ _2\"></span>utie<span class=\"_ _2\"></span>s,<span class=\"_ _2\"></span> inve<span class=\"_ _2\"></span>nto<span class=\"_ _2\"></span>ry w<span class=\"_ _2\"></span>rit<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\">-</span><span class=\"ws7c\">downs<span class=\"_ _2\"></span>, mort<span class=\"_ _2\"></span>alit<span class=\"_ _2\"></span>y los<span class=\"_ _2\"></span>ses a<span class=\"_ _2\"></span>nd </span>fair<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue mo<span class=\"_ _2\"></span>vem<span class=\"_ _2\"></span>ents.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>(v) St<span class=\"_ _2\"></span>olt<span class=\"ls1 ws0\">-<span class=\"ls4c wsaa\">Nielsen Gas</span> </span>S<span class=\"ls53 ws80\">tolt</span>-<span class=\"_ _1\"></span><span class=\"ff99 ls48 ws7d\">Ni<span class=\"_ _2\"></span>elsen Gas\u2019 <span class=\"ff98 ls49 wsaa\">op<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> expe<span class=\"_ _2\"></span>nses<span class=\"_ _2\"></span> <span class=\"ls2f ws2f\">include co<span class=\"_ _2\"></span>sts directly <span class=\"_ _2\"></span>associated wit<span class=\"_ _2\"></span>h <span class=\"ls54 ws83\">its<span class=\"ls1 ws0\"> </span>operation<span class=\"ls1 ws0\">s<span class=\"_ _1\"></span> a<span class=\"ls30 wsab\">s well a<span class=\"_ _2\"></span>s </span></span></span></span></span></span>the<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">maint<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>ance of<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he pr<span class=\"_ _2\"></span>ope<span class=\"_ _2\"></span>rty<span class=\"_ _2\"></span>, pl<span class=\"_ _2\"></span>ant a<span class=\"_ _2\"></span>nd eq<span class=\"_ _2\"></span>uip<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>ese<span class=\"_ _2\"></span> type<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>sts i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>e LN<span class=\"_ _2\"></span>G p<span class=\"_ _2\"></span>urc<span class=\"_ _2\"></span>hase<span class=\"_ _2\"></span>s, </span></span>transp<span class=\"_ _2\"></span>orta<span class=\"_ _2\"></span>tion c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s, <span class=\"ls48 ws32\">ship <span class=\"_ _2\"></span>operati<span class=\"_ _2\"></span>ng expen<span class=\"_ _2\"></span>ses, <span class=\"ls54 ws83\">depreciatio<span class=\"_ _2\"></span>n <span class=\"ls49 ws7c\">and amort<span class=\"_ _2\"></span>isat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> </span></span>and other <span class=\"_ _2\"></span>expens<span class=\"_ _2\"></span>es.<span class=\"ls1 ws0\"> </span></span>Operating expen<span class=\"_ _2\"></span>ses comprised <span class=\"_ _2\"></span>the followi<span class=\"_ _2\"></span>ng:<span class=\"ls1 ws0\"> </span><table class=\"s w151 h119\" id=\"_24b83571-3e16-4d5c-ac54-88adeed43c4d\"><tr><td></td><td class=\"c x2bd y2b7b w68 hb7\"><div class=\"t m0 x197 h82 y1f54 ff9f fs3b fc2 sc0 ls1 ws0\"> <span class=\"ls19 ws2d\"></span><span class=\"ls19 ws2d\">For</span> <span class=\"ls1a ws2e\">the</span> years end<span class=\"_ _2\"></span>ed November <span class=\"ls1b ws2f\">30</span> </div></td><td></td></tr><tr><td class=\"c x246 y2b7c w14a h102\"><div class=\"t m0 x245 h82 y29a6 ff9f fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2a3 h82 y29a7 ff9f fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x2a2 y2b7d w48 h83\"><div class=\"t m0 x177 h85 y1f57 ffa0 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b7d w20 h83\"><div class=\"t m0 x177 h82 y1f57 ff9f fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b7e w64 h86\"><div class=\"t m0 x0 h88 y1be8 ff9f fs3a fc2 sc0 ls24 ws3a\">Bunker fuel costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b7e w48 h86\"><div class=\"t m0 x180 h87 y1be8 ffa0 fs3a fc2 sc0 ls21 ws35\">327,<span class=\"_ _2\"></span>239<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b7e w20 h86\"><div class=\"t m0 x181 h88 y1be8 ff9f fs3a fc2 sc0 ls20 ws36\">364,197<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b7f w64 h8a\"><div class=\"t m0 x0 h88 y1c65 ff9f fs3a fc2 sc0 ls24 ws3a\">Ocean and inland freight charges<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b7f w48 h8a\"><div class=\"t m0 x180 h87 y1c65 ffa0 fs3a fc2 sc0 ls21 ws35\">256,<span class=\"_ _2\"></span>110<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b7f w20 h8a\"><div class=\"t m0 x181 h88 y1c65 ff9f fs3a fc2 sc0 ls20 ws36\">273,553<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b80 w64 h86\"><div class=\"t m0 x0 h88 y1bef ff9f fs3a fc2 sc0 ls2a ws5a\">Opera<span class=\"_ _2\"></span>ting e<span class=\"_ _2\"></span><span class=\"ls20 ws36\">mploye<span class=\"_ _2\"></span>e<span class=\"ffa1 ls2e ws5c\">s\u2019</span><span class=\"ls1 ws0\"> <span class=\"ls24 ws3a\">personnel and <span class=\"ls26 ws3d\">benefit expens<span class=\"_ _1\"></span>es</span></span></span></span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"><span class=\"ls26 ws3d\"><span class=\"ls1 ws0\"> </span></span></span></span></span></div></td><td class=\"c x2a2 y2b80 w48 h86\"><div class=\"t m0 x180 h87 y1bef ffa0 fs3a fc2 sc0 ls21 ws35\">246,<span class=\"_ _2\"></span>682<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b80 w20 h86\"><div class=\"t m0 x181 h88 y1bef ff9f fs3a fc2 sc0 ls20 ws36\">220,398<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b81 w64 h86\"><div class=\"t m0 x0 h88 y1bf4 ff9f fs3a fc2 sc0 ls26 ws3d\">Charter and leas<span class=\"_ _1\"></span>e expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b81 w48 h86\"><div class=\"t m0 x180 h87 y1bf4 ffa0 fs3a fc2 sc0 ls21 ws35\">231,<span class=\"_ _2\"></span>161<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b81 w20 h86\"><div class=\"t m0 x181 h88 y1bf4 ff9f fs3a fc2 sc0 ls20 ws36\">353,172<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b82 w64 h8a\"><div class=\"t m0 x0 h88 y1c3f ff9f fs3a fc2 sc0 ls22 ws37\">Port charges<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b82 w48 h8a\"><div class=\"t m0 x180 h87 y1c3f ffa0 fs3a fc2 sc0 ls21 ws35\">170,<span class=\"_ _2\"></span>323<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b82 w20 h8a\"><div class=\"t m0 x181 h88 y1c3f ff9f fs3a fc2 sc0 ls20 ws36\">149,288<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b83 w64 h8b\"><div class=\"t m0 x0 h88 y1f5f ff9f fs3a fc2 sc0 ls2e ws4c\">Maintenance an<span class=\"_ _2\"></span>d repairs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b83 w48 h8b\"><div class=\"t m0 x179 h87 y1f5f ffa0 fs3a fc2 sc0 ls23 ws39\">80,042<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b83 w20 h8b\"><div class=\"t m0 x183 h88 y1f5f ff9f fs3a fc2 sc0 ls20 ws36\">72,617<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b84 w64 h86\"><div class=\"t m0 x0 h88 y1bef ff9f fs3a fc2 sc0 ls29 ws42\">Tank cont<span class=\"_ _2\"></span>ainer ancillar<span class=\"_ _2\"></span>y billable<span class=\"_ _2\"></span> costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b84 w48 h86\"><div class=\"t m0 x179 h87 y1bef ffa0 fs3a fc2 sc0 ls23 ws39\">47,688<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b84 w20 h86\"><div class=\"t m0 x183 h88 y1bef ff9f fs3a fc2 sc0 ls20 ws36\">40,011<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b85 w64 h8a\"><div class=\"t m0 x0 h88 y1bff ff9f fs3a fc2 sc0 ls23 ws4b\">Cleanin<span class=\"_ _1\"></span>g costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b85 w48 h8a\"><div class=\"t m0 x179 h87 y1bff ffa0 fs3a fc2 sc0 ls23 ws39\">45,654<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b85 w20 h8a\"><div class=\"t m0 x183 h88 y1bff ff9f fs3a fc2 sc0 ls20 ws36\">47,643<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b86 w64 h86\"><div class=\"t m0 x0 h88 y1bfa ff9f fs3a fc2 sc0 ls24 ws3b\">Insurance<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b86 w48 h86\"><div class=\"t m0 x179 h87 y1bfa ffa0 fs3a fc2 sc0 ls23 ws39\">41,874<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b86 w20 h86\"><div class=\"t m0 x183 h88 y1bfa ff9f fs3a fc2 sc0 ls20 ws36\">37,746<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b87 w64 h86\"><div class=\"t m0 x0 h88 y1bf8 ff9f fs3a fc2 sc0 ls26 ws3d\">Expenses rela<span class=\"_ _1\"></span>ted to <span class=\"ls1 ws0\">b<span class=\"ls29 ws42\">iological asset<span class=\"_ _2\"></span>s</span></span><span class=\"ls1 ws0\"><span class=\"ls29 ws42\"> <span class=\"_ _2\"></span></span> </span></div></td><td class=\"c x2a2 y2b87 w48 h86\"><div class=\"t m0 x179 h87 y1bf8 ffa0 fs3a fc2 sc0 ls23 ws39\">40,233<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b87 w20 h86\"><div class=\"t m0 x183 h88 y1bf8 ff9f fs3a fc2 sc0 ls20 ws36\">40,015<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b88 w64 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff9f fs3a fc2 sc0 ls26 ws3d\">Service elemen<span class=\"_ _1\"></span>t of leases<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b88 w48 h8a\"><div class=\"t m0 x179 h87 y1bf6 ffa0 fs3a fc2 sc0 ls23 ws39\">39,715<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b88 w20 h8a\"><div class=\"t m0 x183 h88 y1bf6 ff9f fs3a fc2 sc0 ls20 ws36\">24,864<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b89 w64 h86\"><div class=\"t m0 x0 h88 y1c05 ff9f fs3a fc2 sc0 ls29 ws42\">Ship supplies an<span class=\"_ _2\"></span>d pro<span class=\"_ _2\"></span>visions<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b89 w48 h86\"><div class=\"t m0 x179 h87 y1c05 ffa0 fs3a fc2 sc0 ls23 ws39\">35,294<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b89 w20 h86\"><div class=\"t m0 x183 h88 y1c05 ff9f fs3a fc2 sc0 ls20 ws36\">32,404<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b8a w64 h86\"><div class=\"t m0 x0 h88 y1bde ff9f fs3a fc2 sc0 ls24 ws3a\">Repositioning of tank containers<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b8a w48 h86\"><div class=\"t m0 x179 h87 y1bde ffa0 fs3a fc2 sc0 ls23 ws39\">33,467<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b8a w20 h86\"><div class=\"t m0 x183 h88 y1bde ff9f fs3a fc2 sc0 ls20 ws36\">33,586<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b8b w64 h8a\"><div class=\"t m0 x0 h88 y1c2d ff9f fs3a fc2 sc0 ls22 ws37\">Storage and<span class=\"_ _1\"></span> other tank container m<span class=\"_ _1\"></span>ove<span class=\"ls1 ws0\">-<span class=\"ls23 ws4b\">rela<span class=\"_ _1\"></span>ted costs</span></span><span class=\"ls1 ws0\"><span class=\"ls23 ws4b\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2a2 y2b8b w48 h8a\"><div class=\"t m0 x179 h87 y1c2d ffa0 fs3a fc2 sc0 ls23 ws39\">28,841<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b8b w20 h8a\"><div class=\"t m0 x183 h88 y1c2d ff9f fs3a fc2 sc0 ls20 ws36\">26,869<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b8c w64 h86\"><div class=\"t m0 x0 h88 y1bde ff9f fs3a fc2 sc0 ls29 ws42\">Facilities an<span class=\"_ _2\"></span>d utilitie<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b8c w48 h86\"><div class=\"t m0 x179 h87 y1bde ffa0 fs3a fc2 sc0 ls21 ws35\">33,<span class=\"ls1 ws0\">9<span class=\"ls66 ws9d\">41</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b8c w20 h86\"><div class=\"t m0 x183 h88 y1bde ff9f fs3a fc2 sc0 ls20 ws36\">33,035<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b8d w64 h86\"><div class=\"t m0 x0 h88 y1be4 ff9f fs3a fc2 sc0 ls22 ws37\">Cost of LNG p<span class=\"_ _1\"></span>urchased<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b8d w48 h86\"><div class=\"t m0 x179 h87 y1be4 ffa0 fs3a fc2 sc0 ls23 ws39\">25,541<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b8d w20 h86\"><div class=\"t m0 x2d h88 y1be4 ffa1 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff9f\"> </span></div></td></tr><tr><td class=\"c x24b y2b8e w64 h8a\"><div class=\"t m0 x0 h88 y1be6 ff9f fs3a fc2 sc0 ls2a ws45\">Commis<span class=\"_ _2\"></span>sion<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b8e w48 h8a\"><div class=\"t m0 x179 h87 y1be6 ffa0 fs3a fc2 sc0 ls23 ws39\">22,883<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b8e w20 h8a\"><div class=\"t m0 x183 h88 y1be6 ff9f fs3a fc2 sc0 ls20 ws36\">38,258<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b8f w64 h8b\"><div class=\"t m0 x0 h88 y1be4 ff9f fs3a fc2 sc0 ls24 ws3a\">Owning costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b8f w48 h8b\"><div class=\"t m0 x179 h87 y1be4 ffa0 fs3a fc2 sc0 ls23 ws39\">12,891<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b8f w20 h8b\"><div class=\"t m0 x184 h88 y1be4 ff9f fs3a fc2 sc0 ls20 ws36\">9,084<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b90 w64 h86\"><div class=\"t m0 x0 h88 y1be2 ff9f fs3a fc2 sc0 ls22 ws37\">Voyag<span class=\"_ _1\"></span>e costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b90 w48 h86\"><div class=\"t m0 x179 h87 y1be2 ffa0 fs3a fc2 sc0 ls23 ws39\">12,248<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b90 w20 h86\"><div class=\"t m0 x183 h88 y1be2 ff9f fs3a fc2 sc0 ls20 ws36\">18,742<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b91 w64 h8a\"><div class=\"t m0 x0 h88 y1c18 ff9f fs3a fc2 sc0 ls22 ws37\">Regulatory<span class=\"_ _1\"></span> costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b91 w48 h8a\"><div class=\"t m0 x185 h87 y1c18 ffa0 fs3a fc2 sc0 ls21 ws35\">7,12<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b91 w20 h8a\"><div class=\"t m0 x184 h88 y1c18 ff9f fs3a fc2 sc0 ls20 ws36\">7,030<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b92 w64 h86\"><div class=\"t m0 x0 h88 y1bea ff9f fs3a fc2 sc0 ls24 ws3a\">Packing expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b92 w48 h86\"><div class=\"t m0 x185 h87 y1bea ffa0 fs3a fc2 sc0 ls21 ws35\">7,04<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b92 w20 h86\"><div class=\"t m0 x184 h88 y1bea ff9f fs3a fc2 sc0 ls20 ws36\">7,721<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b93 w64 h86\"><div class=\"t m0 x0 h88 y1be8 ff9f fs3a fc2 sc0 ls2e ws4c\">Barging and tran<span class=\"ls1 ws0\">s-<span class=\"ls2a ws45\">shipment<span class=\"_ _2\"></span>s</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b93 w48 h86\"><div class=\"t m0 x185 h87 y1be8 ffa0 fs3a fc2 sc0 ls21 ws35\">6,48<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b93 w20 h86\"><div class=\"t m0 x184 h88 y1be8 ff9f fs3a fc2 sc0 ls20 ws36\">6,669<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b94 w64 h8a\"><div class=\"t m0 x0 h88 y1c65 ff9f fs3a fc2 sc0 ls26 ws3d\">Rail expenses<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b94 w48 h8a\"><div class=\"t m0 x185 h87 y1c65 ffa0 fs3a fc2 sc0 ls21 ws35\">5,12<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b94 w20 h8a\"><div class=\"t m0 x184 h88 y1c65 ff9f fs3a fc2 sc0 ls20 ws36\">5,643<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b95 w64 h86\"><div class=\"t m0 x0 h88 y1be8 ff9f fs3a fc2 sc0 ls29 ws42\">Biological asset<span class=\"_ _2\"></span>s market<span class=\"_ _2\"></span> valuatio<span class=\"_ _2\"></span>n adjustment<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b95 w25 h86\"><div class=\"t m0 x181 h87 y1be8 ffa0 fs3a fc2 sc0 ls21 ws35\">(12,6<span class=\"_ _2\"></span>07)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b95 w20 h86\"><div class=\"t m0 x1a0 h88 y1be8 ff9f fs3a fc2 sc0 ls20 ws36\">699<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b96 w64 h86\"><div class=\"t m0 x0 h88 y1bf4 ff9f fs3a fc2 sc0 ls26 ws3d\">Other expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b96 w48 h86\"><div class=\"t m0 x185 h87 y1bf4 ffa0 fs3a fc2 sc0 ls21 ws35\">1,36<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b96 w20 h86\"><div class=\"t m0 x184 h88 y1bf4 ff9f fs3a fc2 sc0 ls20 ws36\">7,766<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b97 w64 h8c\"><div class=\"t m0 x0 h87 y1c3f ffa0 fs3a fc2 sc0 ls2c ws5a\">Total operating e<span class=\"_ _1\"></span>xpenses<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b97 w48 h8c\"><div class=\"t m0 x17a h87 y1c3f ffa0 fs3a fc2 sc0 ls21 ws35\">1,74<span class=\"_ _2\"></span>6,370<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b97 w20 h8c\"><div class=\"t m0 x17b h88 y1c3f ff9f fs3a fc2 sc0 ls20 ws36\">1,851,010<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>An analysis <span class=\"_ _2\"></span>of administra<span class=\"_ _2\"></span>tive and gene<span class=\"_ _2\"></span>ral expenses is<span class=\"_ _2\"></span> as follows<span class=\"_ _2\"></span>:<span class=\"ls1 ws0\"> </span><table class=\"s w14b h11a\" id=\"_df1fb425-b5b6-4c24-bf15-4ba05bde534e\"><tr><td></td><td class=\"c x2be y2b98 w6a hb7\"><div class=\"t m0 x197 h82 y1f54 ff9f fs3b fc2 sc0 ls19 ws2d\">For<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">the</span> years en<span class=\"_ _2\"></span>ded November <span class=\"ls1b ws2f\">30</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2b99 w152 h102\"><div class=\"t m0 x245 h82 y29a6 ff9f fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2bf h82 y29a7 ff9f fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x2a7 y2b9a w20 h83\"><div class=\"t m0 x177 h85 y1f57 ffa0 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b9a w55 h83\"><div class=\"t m0 x177 h82 y1f57 ff9f fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2b9b w69 h90\"><div class=\"t m0 x0 h88 y1f74 ff9f fs3a fc2 sc0 ls29 ws42\">Administrative<span class=\"_ _2\"></span> and gener<span class=\"_ _2\"></span>al e<span class=\"ls20 ws36\">mplo<span class=\"_ _2\"></span>yee<span class=\"ffa1 ls2e ws5c\">s\u2019</span><span class=\"ls1 ws0\"> <span class=\"ls24 ws3a\">personnel and </span> </span></span></div><div class=\"t m0 x0 h88 y1c65 ff9f fs3a fc2 sc0 ls26 ws3d\">benefit expen<span class=\"_ _1\"></span>ses<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x247 h87 y2b9c ffa0 fs3a fc2 sc0 ls21 ws35\">224,<span class=\"_ _2\"></span>906<span class=\"_ _195\"> </span></td><td class=\"t m0 x2c0 h88 y2b9c ff9f fs3a fc2 sc0 ls20 ws36\">210,913<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x241 y2b9d w69 h86\"><div class=\"t m0 x0 h88 y1be8 ff9f fs3a fc2 sc0 ls24 ws3a\">Information systems<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b9d w20 h86\"><div class=\"t m0 x179 h87 y1be8 ffa0 fs3a fc2 sc0 ls23 ws39\">24,332<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b9d w55 h86\"><div class=\"t m0 x183 h88 y1be8 ff9f fs3a fc2 sc0 ls20 ws36\">19,411<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2b9e w69 h8a\"><div class=\"t m0 x0 h88 y1c65 ff9f fs3a fc2 sc0 ls26 ws3d\">Profession<span class=\"_ _1\"></span>al fees<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b9e w20 h8a\"><div class=\"t m0 x179 h87 y1c65 ffa0 fs3a fc2 sc0 ls23 ws39\">17,105<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b9e w55 h8a\"><div class=\"t m0 x183 h88 y1c65 ff9f fs3a fc2 sc0 ls20 ws36\">13,019<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2b9f w69 h86\"><div class=\"t m0 x0 h88 y1bef ff9f fs3a fc2 sc0 ls26 ws3d\">Travel an<span class=\"_ _1\"></span>d entertainment expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b9f w20 h86\"><div class=\"t m0 x185 h87 y1bef ffa0 fs3a fc2 sc0 ls21 ws35\">9,33<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b9f w55 h86\"><div class=\"t m0 x184 h88 y1bef ff9f fs3a fc2 sc0 ls20 ws36\">7,939<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba0 w69 ha1\"><div class=\"t m0 x0 h88 y1f5f ff9f fs3a fc2 sc0 ls26 ws3d\">Office expenses<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba0 w20 ha1\"><div class=\"t m0 x185 h87 y1f5f ffa0 fs3a fc2 sc0 ls21 ws35\">7,02<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba0 w55 ha1\"><div class=\"t m0 x184 h88 y1f5f ff9f fs3a fc2 sc0 ls20 ws36\">6,924<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba1 w69 h8a\"><div class=\"t m0 x0 h88 y1c3f ff9f fs3a fc2 sc0 ls26 ws5b\">Legal f<span class=\"_ _1\"></span>ees<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba1 w20 h8a\"><div class=\"t m0 x185 h87 y1c3f ffa0 fs3a fc2 sc0 ls21 ws35\">4,48<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba1 w55 h8a\"><div class=\"t m0 x184 h88 y1c3f ff9f fs3a fc2 sc0 ls20 ws36\">2,993<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba2 w69 h86\"><div class=\"t m0 x0 h88 y1c4c ff9f fs3a fc2 sc0 ls29 ws42\">Investor<span class=\"_ _2\"></span> relations a<span class=\"_ _2\"></span>nd publicity<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba2 w20 h86\"><div class=\"t m0 x185 h87 y1c4c ffa0 fs3a fc2 sc0 ls21 ws35\">2,83<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba2 w55 h86\"><div class=\"t m0 x184 h88 y1c4c ff9f fs3a fc2 sc0 ls20 ws36\">2,886<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba3 w69 h86\"><div class=\"t m0 x0 h88 y1bef ff9f fs3a fc2 sc0 ls26 ws3d\">Office leas<span class=\"_ _1\"></span>e expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba3 w20 h86\"><div class=\"t m0 x185 h87 y1bef ffa0 fs3a fc2 sc0 ls21 ws35\">1,58<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba3 w55 h86\"><div class=\"t m0 x184 h88 y1bef ff9f fs3a fc2 sc0 ls20 ws36\">1,692<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba4 w69 h8a\"><div class=\"t m0 x0 h88 y1c4d ff9f fs3a fc2 sc0 ls26 ws3d\">Board fees<span class=\"_ _1\"></span> and expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba4 w20 h8a\"><div class=\"t m0 x185 h87 y1c4d ffa0 fs3a fc2 sc0 ls21 ws35\">1,37<span class=\"_ _2\"></span>9<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba4 w55 h8a\"><div class=\"t m0 x184 h88 y1c4d ff9f fs3a fc2 sc0 ls20 ws36\">1,948<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba5 w69 h86\"><div class=\"t m0 x0 h88 y1bfa ff9f fs3a fc2 sc0 ls24 ws3a\">Management fee to joint venture<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba5 w20 h86\"><div class=\"t m0 x185 h87 y1bfa ffa0 fs3a fc2 sc0 ls21 ws35\">1,47<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba5 w55 h86\"><div class=\"t m0 x184 h88 y1bfa ff9f fs3a fc2 sc0 ls20 ws36\">1,838<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba6 w69 h86\"><div class=\"t m0 x0 h88 y1bf8 ff9f fs3a fc2 sc0 ls24 ws3a\">Communication expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba6 w20 h86\"><div class=\"t m0 x177 h87 y1bf8 ffa0 fs3a fc2 sc0 ls21 ws35\">856<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba6 w55 h86\"><div class=\"t m0 x1a0 h88 y1bf8 ff9f fs3a fc2 sc0 ls20 ws36\">761<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba7 w69 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff9f fs3a fc2 sc0 ls24 ws3a\">Bank non<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls26 ws3d\">interest fees</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2a7 y2ba7 w20 h8a\"><div class=\"t m0 x185 h87 y1bf6 ffa0 fs3a fc2 sc0 ls21 ws35\">2,00<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba7 w55 h8a\"><div class=\"t m0 x184 h88 y1bf6 ff9f fs3a fc2 sc0 ls20 ws36\">1,283<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba8 w69 h86\"><div class=\"t m0 x0 h88 y1c05 ff9f fs3a fc2 sc0 ls2a ws45\">Othe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba8 w20 h86\"><div class=\"t m0 x185 h87 y1c05 ffa0 fs3a fc2 sc0 ls21 ws35\">3,48<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba8 w55 h86\"><div class=\"t m0 x184 h88 y1c05 ff9f fs3a fc2 sc0 ls20 ws36\">2,480<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba9 w69 h86\"><div class=\"t m0 x0 h87 y1bde ffa0 fs3a fc2 sc0 ls2c ws5a\">Total administr<span class=\"_ _1\"></span>ative and general expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba9 w20 h86\"><div class=\"t m0 x180 h87 y1bde ffa0 fs3a fc2 sc0 ls21 ws35\">300,<span class=\"_ _2\"></span>794<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba9 w55 h86\"><div class=\"t m0 x181 h88 y1bde ff9f fs3a fc2 sc0 ls20 ws36\">274,087<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>An analysis <span class=\"_ _2\"></span>of employee be<span class=\"_ _2\"></span>nefit <span class=\"ws4e\">ex<span class=\"_ _2\"></span>penses<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">included<span class=\"_ _2\"></span> in op<span class=\"_ _2\"></span>era<span class=\"_ _2\"></span>ting e<span class=\"_ _2\"></span>xp<span class=\"_ _2\"></span>enses a<span class=\"_ _2\"></span>nd ad<span class=\"_ _2\"></span>mini<span class=\"_ _2\"></span>stra<span class=\"_ _2\"></span>tive a<span class=\"_ _2\"></span>nd </span></span></span>general expense<span class=\"_ _2\"></span>s is as foll<span class=\"_ _2\"></span>ows:<span class=\"ls1 ws0\"> </span><table class=\"s w10e h11b\" id=\"_f92c371d-d83f-4629-a99a-017311af558e\"><tr><td></td><td class=\"c x2bd y2baa w68 hb7\"><div class=\"t m0 x197 h82 y1f57 ffa5 fs3b fc2 sc0 ls19 ws2d\">For<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">the</span> years en<span class=\"_ _2\"></span>ded November <span class=\"ls1b ws2f\">30</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2bab w153 h102\"><div class=\"t m0 x245 h82 y29a6 ffa5 fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2a3 h82 y29a7 ffa5 fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands<span class=\"ws32\">, except employee data</span></span><span class=\"ls1 ws0\"><span class=\"ws32\">)<span class=\"_ _195\"> </span></span></span></div></td><td class=\"c x2a2 y2bac w48 hb9\"><div class=\"t m0 x177 h85 y1c8e ffa4 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bac w20 hb9\"><div class=\"t m0 x177 h82 y1c8e ffa5 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bad w64 h86\"><div class=\"t m0 x0 h88 y1bf4 ffa5 fs3a fc2 sc0 ls29 ws44\">Salaries<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bad w48 h86\"><div class=\"t m0 x180 h87 y1bf4 ffa4 fs3a fc2 sc0 ls21 ws35\">324,<span class=\"_ _2\"></span>441<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bad w20 h86\"><div class=\"t m0 x181 h88 y1bf4 ffa5 fs3a fc2 sc0 ls20 ws36\">290,654<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bae w64 h8c\"><div class=\"t m0 x0 h88 y1c3f ffa5 fs3a fc2 sc0 ls24 ws3a\">Profit sharing and long<span class=\"ls1 ws0\">-<span class=\"ls26 ws3d\">term incentive prog<span class=\"_ _1\"></span>rammes</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2a2 y2bae w48 h8c\"><div class=\"t m0 x179 h87 y1c3f ffa4 fs3a fc2 sc0 ls27 ws3f\">28<span class=\"ls1 ws0\">,<span class=\"ls66 ws9d\">053</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bae w20 h8c\"><div class=\"t m0 x183 h88 y1c3f ffa5 fs3a fc2 sc0 ls20 ws36\">30,736<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2baf w64 h89\"><div class=\"t m0 x0 h88 y1bf4 ffa5 fs3a fc2 sc0 ls26 ws3d\">Social security exp<span class=\"_ _1\"></span>enses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2baf w48 h89\"><div class=\"t m0 x179 h87 y1bf4 ffa4 fs3a fc2 sc0 ls23 ws39\">28,196<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2baf w20 h89\"><div class=\"t m0 x183 h88 y1bf4 ffa5 fs3a fc2 sc0 ls20 ws36\">24,745<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bb0 w64 h86\"><div class=\"t m0 x0 h88 y1bfa ffa5 fs3a fc2 sc0 ls22 ws37\">Pension<span class=\"_ _1\"></span> expenses for define<span class=\"_ _1\"></span>d contribution plans<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>(Note 25<span class=\"_ _1\"></span>)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bb0 w48 h86\"><div class=\"t m0 x179 h87 y1bfa ffa4 fs3a fc2 sc0 ls23 ws39\">21,631<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bb0 w20 h86\"><div class=\"t m0 x183 h88 y1bfa ffa5 fs3a fc2 sc0 ls20 ws36\">20,246<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bb1 w64 h94\"><div class=\"t m0 x0 h88 y1bff ffa5 fs3a fc2 sc0 ls22 ws37\">Tempora<span class=\"_ _1\"></span>ry and contract emp<span class=\"_ _1\"></span>loyees<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bb1 w48 h94\"><div class=\"t m0 x179 h87 y1bff ffa4 fs3a fc2 sc0 ls23 ws39\">18,969<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bb1 w20 h94\"><div class=\"t m0 x183 h88 y1bff ffa5 fs3a fc2 sc0 ls20 ws36\">15,518<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bb2 w64 h86\"><div class=\"t m0 x0 h88 y1bfa ffa5 fs3a fc2 sc0 ls22 ws37\">Travel of s<span class=\"_ _1\"></span>eafarers and relocation<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bb2 w48 h86\"><div class=\"t m0 x179 h87 y1bfa ffa4 fs3a fc2 sc0 ls23 ws39\">14,812<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bb2 w20 h86\"><div class=\"t m0 x183 h88 y1bfa ffa5 fs3a fc2 sc0 ls20 ws36\">13,821<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bb3 w64 h86\"><div class=\"t m0 x0 h88 y1c50 ffa5 fs3a fc2 sc0 ls29 ws42\">Medical and li<span class=\"_ _2\"></span>fe insu<span class=\"_ _2\"></span>rance<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bb3 w48 h86\"><div class=\"t m0 x179 h87 y1c50 ffa4 fs3a fc2 sc0 ls23 ws39\">15,585<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bb3 w20 h86\"><div class=\"t m0 x183 h88 y1c50 ffa5 fs3a fc2 sc0 ls20 ws36\">14,056<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bb4 w64 h8a\"><div class=\"t m0 x0 h88 y1bf6 ffa5 fs3a fc2 sc0 ls29 ws44\">Training<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bb4 w48 h8a\"><div class=\"t m0 x185 h87 y1bf6 ffa4 fs3a fc2 sc0 ls21 ws35\">8,73<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bb4 w20 h8a\"><div class=\"t m0 x184 h88 y1bf6 ffa5 fs3a fc2 sc0 ls20 ws36\">8,499<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bb5 w64 h86\"><div class=\"t m0 x0 h88 y1bdc ffa5 fs3a fc2 sc0 ls26 ws3d\">Expatriate exp<span class=\"_ _1\"></span>enses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bb5 w48 h86\"><div class=\"t m0 x185 h87 y1bdc ffa4 fs3a fc2 sc0 ls21 ws35\">1,45<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bb5 w20 h86\"><div class=\"t m0 x184 h88 y1bdc ffa5 fs3a fc2 sc0 ls20 ws36\">1,792<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x246 y2bb6 w154 hfa\"><div class=\"t m0 x245 h88 y2933 ffa5 fs3a fc2 sc0 ls20 ws34\">Pension e<span class=\"_ _2\"></span>xpense<span class=\"_ _2\"></span>s for de<span class=\"_ _2\"></span>fined<span class=\"_ _2\"></span> benefit<span class=\"_ _2\"></span> plans<span class=\"_ _2\"></span> and po<span class=\"_ _2\"></span>st<span class=\"ls1 ws0\">-<span class=\"ls26 ws3d\">retirem<span class=\"_ _1\"></span>ent benefit<span class=\"_ _195\"> </span></span></span></div></td><td></td><td></td></tr><tr><td class=\"c x246 y2bb7 w155 hfa\"><div class=\"t m0 x245 h88 y2933 ffa5 fs3a fc2 sc0 ls20 ws34\">plan (No<span class=\"_ _2\"></span>te 25)<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x2c1 h87 y2bb8 ffa4 fs3a fc2 sc0 ls21 ws35\">878<span class=\"_ _195\"> </span></td><td class=\"t m0 x2c2 h88 y2bb8 ffa5 fs3a fc2 sc0 ls20 ws36\">1,067<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2bb9 w64 h86\"><div class=\"t m0 x0 h88 y1bde ffa5 fs3a fc2 sc0 ls26 ws3d\">Other benefi<span class=\"_ _1\"></span>ts<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bb9 w48 h86\"><div class=\"t m0 x185 h87 y1bde ffa4 fs3a fc2 sc0 ls27 ws3f\">8,<span class=\"ls21 ws35\">836</span><span class=\"ls21 ws35\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x24e y2bb9 w20 h86\"><div class=\"t m0 x183 h88 y1bde ffa5 fs3a fc2 sc0 ls20 ws36\">10,177<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bba w64 h8c\"><div class=\"t m0 x0 h87 y1be0 ffa4 fs3a fc2 sc0 ls1f ws33\">Total empl<span class=\"_ _2\"></span>oyee <span class=\"ws43\">b<span class=\"_ _2\"></span>enefit<span class=\"ls1 ws0\"> </span>expen<span class=\"_ _2\"></span>ses</span><span class=\"ws43\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2a2 y2bba w48 h8c\"><div class=\"t m0 x180 h87 y1be0 ffa4 fs3a fc2 sc0 ls21 ws35\">471,<span class=\"_ _2\"></span>588<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bba w20 h8c\"><div class=\"t m0 x181 h88 y1be0 ffa5 fs3a fc2 sc0 ls20 ws36\">431,311<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bbb w64 h86\"><div class=\"t m0 x0 h88 y1be4 ffa5 fs3a fc2 sc0 ls26 ws3d\">Average nu<span class=\"_ _1\"></span>mber of employees: <span class=\"ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x24b y2bbc w64 h86\"><div class=\"t m0 x0 h88 y1be2 ffa5 fs3a fc2 sc0 ls24 ws3b\">Tankers*<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bbc w48 h86\"><div class=\"t m0 x185 h87 y1be2 ffa4 fs3a fc2 sc0 ls21 ws35\">4,73<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bbc w20 h86\"><div class=\"t m0 x184 h88 y1be2 ffa5 fs3a fc2 sc0 ls20 ws36\">4,752<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bbd w64 ha4\"><div class=\"t m0 x0 h88 y1c18 ffa5 fs3a fc2 sc0 ls24 ws3a\">Tank Containers<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bbd w48 ha4\"><div class=\"t m0 x177 h87 y1c18 ffa4 fs3a fc2 sc0 ls21 ws35\">908<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bbd w20 ha4\"><div class=\"t m0 x1a0 h88 y1c18 ffa5 fs3a fc2 sc0 ls20 ws36\">823<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bbe w64 h86\"><div class=\"t m0 x0 h88 y1bea ffa5 fs3a fc2 sc0 ls29 ws44\">Terminals<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bbe w48 h86\"><div class=\"t m0 x177 h87 y1bea ffa4 fs3a fc2 sc0 ls21 ws35\">622<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bbe w20 h86\"><div class=\"t m0 x1a0 h88 y1bea ffa5 fs3a fc2 sc0 ls20 ws36\">628<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x246 y2bbf w156 hfa\"><div class=\"t m0 x245 h88 y2933 ffa5 fs3a fc2 sc0 ls23 ws39\">Stolt<span class=\"_ _195\"> </span></div><div class=\"t m0 x2c3 h88 y2933 ffa5 fs3a fc2 sc0 ls2e ws4c\">Sea Farm<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x2c1 h87 y2bc0 ffa4 fs3a fc2 sc0 ls21 ws35\">637<span class=\"_ _195\"> </span></td><td class=\"t m0 x2c4 h88 y2bc0 ffa5 fs3a fc2 sc0 ls20 ws36\">604<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2bc1 w64 h8a\"><div class=\"t m0 x0 h88 y1c65 ffa5 fs3a fc2 sc0 ls29 ws44\">Stolt<span class=\"ls1 ws0\">-</span><span class=\"ws42\">Nielsen Gas</span><span class=\"ws42\">**<span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2a2 y2bc1 w48 h8a\"><div class=\"t m0 x193 h87 y1c65 ffa4 fs3a fc2 sc0 ls27 ws3f\">11<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bc1 w20 h8a\"><div class=\"t m0 x2d h88 y1c65 ffa6 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffa5\"> </span></div></td></tr><tr><td class=\"c x24b y2bc2 w64 h86\"><div class=\"t m0 x0 h88 y1be8 ffa5 fs3a fc2 sc0 ls2a ws45\">Othe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bc2 w48 h86\"><div class=\"t m0 x177 h87 y1be8 ffa4 fs3a fc2 sc0 ls21 ws35\">136<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bc2 w20 h86\"><div class=\"t m0 x193 h88 y1be8 ffa5 fs3a fc2 sc0 ls20 ws36\">91<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bc3 w64 h86\"><div class=\"t m0 x0 h87 y1bf4 ffa4 fs3a fc2 sc0 ls21 ws38\">Total<span class=\"_ _2\"></span> ave<span class=\"_ _2\"></span>rage n<span class=\"_ _2\"></span>umbe<span class=\"_ _2\"></span>r of <span class=\"_ _2\"></span><span class=\"ls2c ws91\">employees</span><span class=\"ls2c ws91\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2a2 y2bc3 w48 h86\"><div class=\"t m0 x185 h87 y1bf4 ffa4 fs3a fc2 sc0 ls27 ws3f\">7,<span class=\"ls21 ws35\">040</span><span class=\"ls21 ws35\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x24e y2bc3 w20 h86\"><div class=\"t m0 x184 h88 y1bf4 ffa5 fs3a fc2 sc0 ls20 ws36\">6,898<span class=\"ls1 ws0\"> </span></div></td></tr></table>* <span class=\"_ _8e\"> </span><span class=\"ls3e ws64\">Includin<span class=\"_ _2\"></span>g seaf<span class=\"_ _2\"></span>arer<span class=\"_ _2\"></span>s working<span class=\"_ _2\"></span> on join<span class=\"_ _2\"></span>t ven<span class=\"_ _2\"></span>ture or<span class=\"_ _2\"></span> third<span class=\"_ _2\"></span></span>-<span class=\"ls67 wsaf\">party sh<span class=\"_ _2\"></span>ip<span class=\"_ _2\"></span>s.</span> **<span class=\"ls1 ws0\"> <span class=\"_ _0\"></span><span class=\"ls3f ws67\">Excl<span class=\"_ _1\"></span>udes t<span class=\"_ _1\"></span>hird p<span class=\"_ _1\"></span>arty s<span class=\"_ _1\"></span>eafar<span class=\"_ _1\"></span>ers.<span class=\"_ _195\"> </span></span></span>The cost of i<span class=\"_ _2\"></span>nventory incl<span class=\"_ _2\"></span>uded in <span class=\"_ _2\"></span>operating expen<span class=\"_ _2\"></span>ses in 2025 w<span class=\"_ _2\"></span>as $66.5 m<span class=\"_ _2\"></span>illion <span class=\"_ _2\"></span><span class=\"ls31 ws53\">(2024: <span class=\"_ _1\"></span><span class=\"ws51\">$62.5 million<span class=\"ls1 ws0\">) </span></span></span>for Stolt Se<span class=\"_ _2\"></span>a Farm, $25.5 m<span class=\"_ _2\"></span>illion<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">(2024: nil)</span> </span><span class=\"ws75\">for Stolt<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2f ws70\">Nielsen<span class=\"_ _2\"></span> Gas and $3.6<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws4e\">million <span class=\"ls31 ws53\">(<span class=\"_ _1\"></span>2024:<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">$4.9 million</span>) </span></span></span></span></span></span>for S<span class=\"_ _2\"></span>tolt T<span class=\"_ _2\"></span>ank C<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ainer<span class=\"_ _2\"></span>s. No<span class=\"_ _2\"></span> inv<span class=\"_ _2\"></span>entory<span class=\"_ _2\"></span> was<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">writt<span class=\"_ _1\"></span>e<span class=\"_ _2\"></span>n down in the years ended November 30, 2025 </span></span>and 2024. Bunk<span class=\"_ _2\"></span>ers of $36.2<span class=\"_ _2\"></span> million <span class=\"_ _2\"></span>and $39.3 m<span class=\"_ _2\"></span>illion were<span class=\"_ _2\"></span> included in p<span class=\"_ _2\"></span>repaid expense<span class=\"_ _2\"></span>s at November 30, <span class=\"ws53\">202<span class=\"ls1 ws0\">5 <span class=\"_ _1\"></span><span class=\"ls30 ws52\">and <span class=\"ls31 ws53\">202<span class=\"ls1 ws0\">4<span class=\"ls2f ws75\">, r<span class=\"_ _1\"></span>e<span class=\"_ _2\"></span>spectively.</span></span></span></span></span></span><div class=\"t m0 ha5 ffe2 fs40 fcb sc0 ls79 wsa2 gs26c\">13. <span class=\"ls1 ws0\">Prepaid Expenses </span></div><div class=\"gs26d\"><table class=\"s w171 h130\" id=\"_04395998-832a-44d1-8733-69e6ef4f995e\"><tr><td></td><td class=\"c x2c7 y2c5e w8a hb7\"><div class=\"t m0 x1be h82 y2090 ffe1 fs3b fc2 sc0 ls1 ws32\">As of November<span class=\"ws0\"> <span class=\"ls1b ws2f\">30</span></span><span class=\"ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2c5f w150 h115\"><div class=\"t m0 x245 h82 y29a6 ffe1 fs3b fc2 sc0 ls1 ws0\">(in</div><div class=\"t m0 x2b9 h82 y29a6 ffe1 fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x2c8 h85 y2c60 ffe0 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"t m0 x2c9 h82 y2c60 ffe1 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2c61 w6b h8a\"><div class=\"t m0 x0 h88 y1c65 ffe1 fs3a fc2 sc0 ls28 wsc0\">Prepai<span class=\"_ _2\"></span>d voyages<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ca y2c61 w20 h8a\"><div class=\"t m0 x179 h87 y1c65 ffe0 fs3a fc2 sc0 ls23 ws39\">24,364<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c61 w20 h8a\"><div class=\"t m0 x183 h88 y1c65 ffe1 fs3a fc2 sc0 ls20 ws36\">24,103<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c62 w6b h89\"><div class=\"t m0 x0 h88 y1be8 ffe1 fs3a fc2 sc0 ls24 ws33\">Prepaid bunkers<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ca y2c62 w20 h89\"><div class=\"t m0 x179 h87 y1be8 ffe0 fs3a fc2 sc0 ls23 ws39\">37,114<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c62 w20 h89\"><div class=\"t m0 x183 h88 y1be8 ffe1 fs3a fc2 sc0 ls20 ws36\">39,269<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c63 w6b h86\"><div class=\"t m0 x0 h88 y1bea ffe1 fs3a fc2 sc0 ls24 ws33\">Prepaid insurance<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ca y2c63 w20 h86\"><div class=\"t m0 x179 h87 y1bea ffe0 fs3a fc2 sc0 ls23 ws39\">15,914<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c63 w20 h86\"><div class=\"t m0 x184 h88 y1bea ffe1 fs3a fc2 sc0 ls1 ws0\">6<span class=\"_ _1\"></span>,<span class=\"ls20 ws36\">578</span> </div></td></tr><tr><td class=\"c x24b y2c64 w6b h8c\"><div class=\"t m0 x0 h88 y1c3f ffe1 fs3a fc2 sc0 ls28 ws0\">Prepai<span class=\"_ _2\"></span>d rent<span class=\"_ _2\"></span> and t<span class=\"_ _2\"></span>ime<span class=\"_ _2\"></span><span class=\"ls1\"> <span class=\"_ _1\"></span><span class=\"ls22 ws37\">charter hire</span></span><span class=\"ls1\"><span class=\"ls22 ws37\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2ca y2c64 w20 h8c\"><div class=\"t m0 x185 h87 y1c3f ffe0 fs3a fc2 sc0 ls21 ws35\">6,93<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c64 w20 h8c\"><div class=\"t m0 x184 h88 y1c3f ffe1 fs3a fc2 sc0 ls20 ws36\">4,583<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c65 w6b h89\"><div class=\"t m0 x0 h88 y1bf4 ffe1 fs3a fc2 sc0 ls28 wsc0\">Prepai<span class=\"_ _2\"></span>d value adde<span class=\"_ _2\"></span>d taxe<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ca y2c65 w20 h89\"><div class=\"t m0 x185 h87 y1bf4 ffe0 fs3a fc2 sc0 ls21 ws35\">6,41<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c65 w20 h89\"><div class=\"t m0 x184 h88 y1bf4 ffe1 fs3a fc2 sc0 ls1 ws0\">5<span class=\"_ _1\"></span>,<span class=\"ls20 ws36\">479</span> </div></td></tr><tr><td class=\"c x24b y2c66 w6b h86\"><div class=\"t m0 x0 h88 y1bef ffe1 fs3a fc2 sc0 ls22 ws37\">Prepai<span class=\"_ _1\"></span>d freight costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ca y2c66 w20 h86\"><div class=\"t m0 x185 h87 y1bef ffe0 fs3a fc2 sc0 ls21 ws35\">4,77<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c66 w20 h86\"><div class=\"t m0 x2d h88 y1bef ffe3 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffe1\"> </span></div></td></tr><tr><td class=\"c x24b y2c67 w6b h94\"><div class=\"t m0 x0 h88 y1bff ffe1 fs3a fc2 sc0 ls29 wsc1\">Prepaid licenses<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ca y2c67 w20 h94\"><div class=\"t m0 x185 h87 y1bff ffe0 fs3a fc2 sc0 ls27 ws3f\">2,<span class=\"ls21 ws35\">667</span><span class=\"ls21 ws35\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x24e y2c67 w20 h94\"><div class=\"t m0 x184 h88 y1bff ffe1 fs3a fc2 sc0 ls20 ws36\">2,372<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c68 w6b h86\"><div class=\"t m0 x0 h88 y1bfa ffe1 fs3a fc2 sc0 ls28 ws0\">Prepai<span class=\"_ _2\"></span>d othe<span class=\"_ _2\"></span>r<span class=\"ls1\"> </span></div></td><td class=\"c x2ca y2c68 w20 h86\"><div class=\"t m0 x179 h87 y1bfa ffe0 fs3a fc2 sc0 ls21 ws35\">16,<span class=\"ls66 ws9d\">308</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x24e y2c68 w20 h86\"><div class=\"t m0 x183 h88 y1bfa ffe1 fs3a fc2 sc0 ls20 ws36\">12<span class=\"ls1 ws0\">,</span>838<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c69 w6b h86\"><div class=\"t m0 x0 h87 y1bf8 ffe0 fs3a fc2 sc0 ls1f ws3e\">Prepaid expen<span class=\"_ _2\"></span>ses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ca y2c69 w20 h86\"><div class=\"t m0 x180 h87 y1bf8 ffe0 fs3a fc2 sc0 ls21 ws35\">114,<span class=\"_ _2\"></span>490<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c69 w20 h86\"><div class=\"t m0 x183 h88 y1bf8 ffe1 fs3a fc2 sc0 ls20 ws36\">95,222<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-635": {
   "value": "5.<span class=\"ls1 ws0\"> Operating Expenses  </span>Acc<span class=\"_ _3\"></span>ounti<span class=\"_ _1\"></span>ng p<span class=\"_ _1\"></span><span class=\"ls6d wsa9\">olicy<span class=\"ls1 ws0\"> </span></span>(i) Tan<span class=\"_ _2\"></span>kers<span class=\"ls1 ws0\">  </span>Tanke<span class=\"_ _2\"></span>rs<span class=\"ff99 ls1 ws0\">\u2019<span class=\"ff98\"> </span></span><span class=\"wsaa\">operati<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> expe<span class=\"_ _2\"></span>nses<span class=\"_ _2\"></span> incl<span class=\"_ _2\"></span>ude <span class=\"_ _2\"></span>co<span class=\"_ _2\"></span>sts d<span class=\"_ _2\"></span>irect<span class=\"_ _2\"></span>ly <span class=\"_ _2\"></span>asso<span class=\"_ _2\"></span>ciat<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>wit<span class=\"_ _2\"></span>h t<span class=\"_ _2\"></span>he op<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>mai<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> </span>the parc<span class=\"_ _2\"></span>el tanker<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">and bar<span class=\"_ _2\"></span>ge<span class=\"_ _2\"></span>s<span class=\"ls30 wsab\">. Th<span class=\"_ _2\"></span>ese</span></span> <span class=\"ls49 wsaa\">type<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> cost<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>e <span class=\"ls61 ws89\">tim<span class=\"_ _2\"></span>e</span></span> <span class=\"_ _1\"></span><span class=\"ls2f ws92\">c<span class=\"_ _2\"></span>harter costs,<span class=\"ls1 ws0\"> <span class=\"ls4b ws77\">the <span class=\"ls48 ws32\">service el<span class=\"_ _2\"></span>ement of<span class=\"_ _2\"></span> </span></span></span></span></span>leases,<span class=\"ls1 ws0\"> <span class=\"ls54 ws70\">bunker fuel costs, port costs, manning co<span class=\"_ _2\"></span>sts (for example, ship personnel and benefit<span class=\"_ _2\"></span>s), sublet </span></span>costs, repair <span class=\"_ _2\"></span><span class=\"ls49 ws78\">and<span class=\"ls1 ws0\"> </span><span class=\"wsaa\">mai<span class=\"_ _2\"></span>ntena<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>tan<span class=\"_ _2\"></span>kers<span class=\"_ _2\"></span>, co<span class=\"_ _2\"></span>mmis<span class=\"_ _2\"></span>sio<span class=\"_ _2\"></span>n exp<span class=\"_ _2\"></span>ense<span class=\"_ _2\"></span>s, b<span class=\"_ _2\"></span>argi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span></span>tr<span class=\"_ _2\"></span>an<span class=\"ls1 ws0\">s-<span class=\"_ _1\"></span><span class=\"ls54 ws83\">shipment<span class=\"ls1 ws0\"> <span class=\"ls4b ws77\">costs<span class=\"_ _2\"></span>, </span></span></span></span></span>canal<span class=\"_ _2\"></span> tra<span class=\"_ _2\"></span>nsi<span class=\"_ _2\"></span>t co<span class=\"_ _2\"></span>sts,<span class=\"_ _2\"></span> ins<span class=\"_ _2\"></span>ur<span class=\"_ _2\"></span>ance p<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>mium<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> ot<span class=\"_ _2\"></span>her s<span class=\"_ _2\"></span>hip<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span>owning<span class=\"_ _2\"></span> ex<span class=\"_ _2\"></span>pens<span class=\"_ _2\"></span>es (<span class=\"_ _2\"></span>for <span class=\"_ _2\"></span>exa<span class=\"_ _2\"></span>mple<span class=\"_ _2\"></span>, pr<span class=\"_ _2\"></span>ovi<span class=\"_ _2\"></span>sio<span class=\"_ _2\"></span>ns, ship supplies, cleaning<span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">and</span> <span class=\"ls2f ws2f\">cargo survey co<span class=\"_ _2\"></span>sts).</span> </span>(ii)<span class=\"ls1 ws0\"> <span class=\"ls46 ws6f\">Term<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>als</span>  </span>Terminals<span class=\"ff99 ls1 ws0\">\u2019<span class=\"ff98\"> <span class=\"_ _1\"></span>o<span class=\"ls49 wsaa\">perati<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>expe<span class=\"_ _2\"></span>nse<span class=\"_ _2\"></span>s c<span class=\"_ _2\"></span>onsi<span class=\"_ _2\"></span>st of<span class=\"_ _2\"></span> cos<span class=\"_ _2\"></span>ts <span class=\"_ _2\"></span>dire<span class=\"_ _2\"></span>ctl<span class=\"_ _2\"></span>y as<span class=\"_ _2\"></span>soci<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>d wit<span class=\"_ _2\"></span>h t<span class=\"_ _2\"></span>he op<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> </span></span></span>mai<span class=\"_ _2\"></span>ntena<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he te<span class=\"_ _2\"></span>rmi<span class=\"_ _2\"></span>nals.<span class=\"_ _2\"></span> Th<span class=\"_ _2\"></span>ese <span class=\"_ _2\"></span>type<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>costs<span class=\"_ _2\"></span> incl<span class=\"_ _2\"></span>ude <span class=\"ws78\">p<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>sonne<span class=\"_ _2\"></span>l<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">and employ<span class=\"_ _2\"></span>ee benef<span class=\"_ _2\"></span>it cost<span class=\"_ _2\"></span>s, </span></span></span>facilities and <span class=\"ws83\">u<span class=\"_ _1\"></span>tilities<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">(incl<span class=\"_ _2\"></span>udi<span class=\"_ _2\"></span>ng r<span class=\"_ _2\"></span>eal<span class=\"_ _2\"></span> est<span class=\"_ _2\"></span>ate t<span class=\"_ _2\"></span>axe<span class=\"_ _2\"></span>s)<span class=\"_ _2\"></span>, rai<span class=\"_ _2\"></span>l ex<span class=\"_ _2\"></span>pens<span class=\"_ _2\"></span>es<span class=\"_ _2\"></span>, ma<span class=\"_ _2\"></span>inte<span class=\"_ _2\"></span>nance<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> rep<span class=\"_ _2\"></span>air <span class=\"_ _2\"></span>co<span class=\"_ _2\"></span>sts, </span></span></span>regul<span class=\"_ _2\"></span>ato<span class=\"_ _2\"></span>ry <span class=\"ls30 ws52\">costs<span class=\"_ _2\"></span><span class=\"ls2f ws2f\">, storage co<span class=\"_ _2\"></span>sts and other <span class=\"_ _2\"></span>operating expen<span class=\"_ _2\"></span>ses (for <span class=\"_ _2\"></span>example, insurance<span class=\"_ _2\"></span>, <span class=\"ls48 ws72\">electric<span class=\"_ _2\"></span>ity, </span></span></span>surve<span class=\"_ _2\"></span>y c<span class=\"_ _2\"></span>osts<span class=\"_ _2\"></span>, cle<span class=\"_ _2\"></span>ani<span class=\"_ _2\"></span>ng, l<span class=\"_ _2\"></span>ine<span class=\"_ _2\"></span> ha<span class=\"_ _2\"></span>ul,<span class=\"_ _2\"></span> rail<span class=\"_ _2\"></span> cost<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span><span class=\"ws78\">and<span class=\"ls1 ws0\"> </span></span>tan<span class=\"_ _2\"></span>k car<span class=\"_ _2\"></span> <span class=\"ls4b ws77\">hir<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">costs).<span class=\"_ _2\"></span></span> </span></span>(iii) Tank Cont<span class=\"_ _2\"></span>ainers <span class=\"ls1 ws0\"> </span>Tank C<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ai<span class=\"_ _2\"></span>ners op<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ating<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>ses of<span class=\"_ _2\"></span> Ta<span class=\"_ _2\"></span>nk C<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ainer<span class=\"_ _2\"></span>s c<span class=\"_ _2\"></span>onsi<span class=\"_ _2\"></span>st <span class=\"_ _2\"></span>of co<span class=\"_ _2\"></span>sts<span class=\"_ _2\"></span> direc<span class=\"_ _2\"></span>tl<span class=\"_ _2\"></span>y as<span class=\"_ _2\"></span>soci<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>d wit<span class=\"_ _2\"></span>h th<span class=\"_ _2\"></span>e oper<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n an<span class=\"_ _2\"></span>d mai<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e ta<span class=\"_ _2\"></span>nk co<span class=\"_ _2\"></span>ntai<span class=\"_ _2\"></span>ner<span class=\"_ _2\"></span>s. T<span class=\"_ _2\"></span>hes<span class=\"_ _2\"></span>e typ<span class=\"_ _2\"></span>es of<span class=\"_ _2\"></span> c<span class=\"_ _2\"></span>osts<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 ws7c\">i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>ude oce<span class=\"_ _2\"></span>an an<span class=\"_ _2\"></span>d inl<span class=\"_ _2\"></span>and </span></span>freight charges, <span class=\"ls49 wsaa\">rep<span class=\"_ _2\"></span>ositi<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ning<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>ank c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ainer<span class=\"_ _2\"></span>s,<span class=\"_ _2\"></span> tank<span class=\"_ _2\"></span> re<span class=\"_ _2\"></span>ntal<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>enses<span class=\"_ _2\"></span>, c<span class=\"_ _2\"></span>leani<span class=\"_ _2\"></span>ng c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s, <span class=\"_ _2\"></span><span class=\"ls54 ws70\">ancillary billable </span></span>costs (<span class=\"_ _2\"></span>ser<span class=\"_ _2\"></span>vice<span class=\"_ _2\"></span>s purc<span class=\"_ _2\"></span>hased<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> charg<span class=\"_ _2\"></span>ed<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">thro<span class=\"_ _2\"></span>ugh t<span class=\"_ _2\"></span>o cu<span class=\"_ _2\"></span>sto<span class=\"_ _2\"></span>mers<span class=\"_ _2\"></span>), m<span class=\"_ _2\"></span>aint<span class=\"_ _2\"></span>ena<span class=\"_ _2\"></span>nce a<span class=\"_ _2\"></span>nd r<span class=\"_ _2\"></span>epai<span class=\"_ _2\"></span>r c<span class=\"_ _2\"></span>osts<span class=\"_ _2\"></span>, </span></span>storage <span class=\"ls49 ws7c\">and othe<span class=\"_ _2\"></span>r move<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls48 ws72\">related <span class=\"ls30 wsab\">costs,<span class=\"_ _2\"></span> insu<span class=\"_ _2\"></span>rance<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> other<span class=\"_ _2\"></span> ope<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ng expe<span class=\"_ _2\"></span>nses (<span class=\"_ _2\"></span>for<span class=\"_ _2\"></span></span></span> <span class=\"ls54 ws75\">e<span class=\"_ _1\"></span>x<span class=\"_ _2\"></span>ample, depot </span></span></span>expenses,<span class=\"_ _2\"></span> agency fe<span class=\"_ _2\"></span>e<span class=\"ls49 wsaa\">s a<span class=\"_ _2\"></span>nd r<span class=\"_ _2\"></span>efurb<span class=\"_ _2\"></span>ishi<span class=\"_ _2\"></span>ng c<span class=\"_ _2\"></span>os<span class=\"_ _2\"></span>ts).</span><span class=\"ls49 wsaa\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>(iv)<span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">SSF</span>  </span>SSF operating <span class=\"_ _2\"></span>expenses include <span class=\"_ _2\"></span>production c<span class=\"_ _2\"></span>ost of goods<span class=\"_ _2\"></span> sold (<span class=\"_ _2\"></span><span class=\"ff99 ls1 ws0\">\u2018<span class=\"_ _1\"></span><span class=\"ff98 ls53 ws80\">P<span class=\"_ _2\"></span>COGS<span class=\"ff99 ls1 ws0\">\u2019</span><span class=\"ls57 ws74\">),<span class=\"_ _1\"></span> whi<span class=\"_ _1\"></span>ch are<span class=\"_ _1\"></span> cos<span class=\"_ _1\"></span>ts in<span class=\"_ _1\"></span>curr<span class=\"_ _1\"></span>ed for<span class=\"_ _1\"></span> </span></span></span>the p<span class=\"_ _2\"></span>rod<span class=\"_ _2\"></span>uctio<span class=\"_ _2\"></span>n of<span class=\"_ _2\"></span> ju<span class=\"_ _2\"></span>veni<span class=\"_ _2\"></span>le fi<span class=\"_ _2\"></span>sh<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> the s<span class=\"_ _2\"></span>ub<span class=\"_ _2\"></span>seque<span class=\"_ _2\"></span>nt gr<span class=\"_ _2\"></span>owi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> of j<span class=\"_ _2\"></span>uve<span class=\"_ _2\"></span>nile f<span class=\"_ _2\"></span>ish<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>o ad<span class=\"_ _2\"></span>ult f<span class=\"_ _2\"></span>is<span class=\"_ _2\"></span>h re<span class=\"_ _2\"></span>ady f<span class=\"_ _2\"></span>or mark<span class=\"_ _2\"></span>et. T<span class=\"_ _2\"></span>hes<span class=\"_ _2\"></span>e PCO<span class=\"_ _2\"></span>GS i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>ude<span class=\"_ _2\"></span> cost<span class=\"_ _2\"></span>s to p<span class=\"_ _2\"></span>rod<span class=\"_ _2\"></span>uce<span class=\"_ _2\"></span> egg<span class=\"_ _2\"></span>s for<span class=\"_ _2\"></span> fer<span class=\"_ _2\"></span>tili<span class=\"_ _2\"></span>sati<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n, o<span class=\"_ _2\"></span>nsit<span class=\"_ _2\"></span>e lab<span class=\"_ _2\"></span>our<span class=\"_ _2\"></span>/per<span class=\"_ _2\"></span>sonn<span class=\"_ _2\"></span>el c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s, feed cost<span class=\"_ _2\"></span>s, energy<span class=\"_ _2\"></span> cos<span class=\"ls49 wsaa\">t<span class=\"_ _2\"></span>s, co<span class=\"_ _2\"></span>ntr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span> gro<span class=\"_ _2\"></span>wer f<span class=\"_ _2\"></span>ees<span class=\"_ _2\"></span>, rep<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> mai<span class=\"_ _2\"></span>nten<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> cost<span class=\"_ _2\"></span>s, o<span class=\"_ _2\"></span>xyg<span class=\"_ _2\"></span>en c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd </span>veterinary<span class=\"_ _2\"></span> fees. <span class=\"ls4b ws77\">O<span class=\"_ _2\"></span>ther<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">costs included withi<span class=\"_ _2\"></span>n operating exp<span class=\"_ _2\"></span>enses are co<span class=\"_ _2\"></span>sts of fish p<span class=\"_ _2\"></span>urchased from <span class=\"_ _2\"></span>third </span></span></span>parti<span class=\"_ _2\"></span>es,<span class=\"_ _2\"></span> frei<span class=\"_ _2\"></span>ght<span class=\"_ _2\"></span> cost<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>o c<span class=\"_ _2\"></span>ustom<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>s, al<span class=\"_ _2\"></span>l pr<span class=\"_ _2\"></span>im<span class=\"_ _2\"></span>ary a<span class=\"_ _2\"></span>nd se<span class=\"_ _2\"></span>con<span class=\"_ _2\"></span>dar<span class=\"_ _2\"></span>y pr<span class=\"_ _2\"></span>oce<span class=\"_ _2\"></span>ssing<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> pac<span class=\"_ _2\"></span>kagi<span class=\"_ _2\"></span>ng c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s, distr<span class=\"_ _2\"></span>ib<span class=\"_ _2\"></span>utio<span class=\"_ _2\"></span>n and<span class=\"_ _2\"></span> ha<span class=\"_ _2\"></span>ndli<span class=\"_ _2\"></span>ng c<span class=\"_ _2\"></span>osts<span class=\"_ _2\"></span>, s<span class=\"_ _2\"></span>torag<span class=\"_ _2\"></span>e,<span class=\"_ _2\"></span> impo<span class=\"_ _2\"></span>rt d<span class=\"_ _2\"></span>utie<span class=\"_ _2\"></span>s,<span class=\"_ _2\"></span> inve<span class=\"_ _2\"></span>nto<span class=\"_ _2\"></span>ry w<span class=\"_ _2\"></span>rit<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\">-</span><span class=\"ws7c\">downs<span class=\"_ _2\"></span>, mort<span class=\"_ _2\"></span>alit<span class=\"_ _2\"></span>y los<span class=\"_ _2\"></span>ses a<span class=\"_ _2\"></span>nd </span>fair<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue mo<span class=\"_ _2\"></span>vem<span class=\"_ _2\"></span>ents.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>(v) St<span class=\"_ _2\"></span>olt<span class=\"ls1 ws0\">-<span class=\"ls4c wsaa\">Nielsen Gas</span> </span>S<span class=\"ls53 ws80\">tolt</span>-<span class=\"_ _1\"></span><span class=\"ff99 ls48 ws7d\">Ni<span class=\"_ _2\"></span>elsen Gas\u2019 <span class=\"ff98 ls49 wsaa\">op<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> expe<span class=\"_ _2\"></span>nses<span class=\"_ _2\"></span> <span class=\"ls2f ws2f\">include co<span class=\"_ _2\"></span>sts directly <span class=\"_ _2\"></span>associated wit<span class=\"_ _2\"></span>h <span class=\"ls54 ws83\">its<span class=\"ls1 ws0\"> </span>operation<span class=\"ls1 ws0\">s<span class=\"_ _1\"></span> a<span class=\"ls30 wsab\">s well a<span class=\"_ _2\"></span>s </span></span></span></span></span></span>the<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">maint<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>ance of<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he pr<span class=\"_ _2\"></span>ope<span class=\"_ _2\"></span>rty<span class=\"_ _2\"></span>, pl<span class=\"_ _2\"></span>ant a<span class=\"_ _2\"></span>nd eq<span class=\"_ _2\"></span>uip<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>ese<span class=\"_ _2\"></span> type<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>sts i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>e LN<span class=\"_ _2\"></span>G p<span class=\"_ _2\"></span>urc<span class=\"_ _2\"></span>hase<span class=\"_ _2\"></span>s, </span></span>transp<span class=\"_ _2\"></span>orta<span class=\"_ _2\"></span>tion c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s, <span class=\"ls48 ws32\">ship <span class=\"_ _2\"></span>operati<span class=\"_ _2\"></span>ng expen<span class=\"_ _2\"></span>ses, <span class=\"ls54 ws83\">depreciatio<span class=\"_ _2\"></span>n <span class=\"ls49 ws7c\">and amort<span class=\"_ _2\"></span>isat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> </span></span>and other <span class=\"_ _2\"></span>expens<span class=\"_ _2\"></span>es.<span class=\"ls1 ws0\"> </span></span>Operating expen<span class=\"_ _2\"></span>ses comprised <span class=\"_ _2\"></span>the followi<span class=\"_ _2\"></span>ng:<span class=\"ls1 ws0\"> </span><table class=\"s w151 h119\" id=\"_24b83571-3e16-4d5c-ac54-88adeed43c4d\"><tr><td></td><td class=\"c x2bd y2b7b w68 hb7\"><div class=\"t m0 x197 h82 y1f54 ff9f fs3b fc2 sc0 ls1 ws0\"> <span class=\"ls19 ws2d\"></span><span class=\"ls19 ws2d\">For</span> <span class=\"ls1a ws2e\">the</span> years end<span class=\"_ _2\"></span>ed November <span class=\"ls1b ws2f\">30</span> </div></td><td></td></tr><tr><td class=\"c x246 y2b7c w14a h102\"><div class=\"t m0 x245 h82 y29a6 ff9f fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2a3 h82 y29a7 ff9f fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x2a2 y2b7d w48 h83\"><div class=\"t m0 x177 h85 y1f57 ffa0 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b7d w20 h83\"><div class=\"t m0 x177 h82 y1f57 ff9f fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b7e w64 h86\"><div class=\"t m0 x0 h88 y1be8 ff9f fs3a fc2 sc0 ls24 ws3a\">Bunker fuel costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b7e w48 h86\"><div class=\"t m0 x180 h87 y1be8 ffa0 fs3a fc2 sc0 ls21 ws35\">327,<span class=\"_ _2\"></span>239<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b7e w20 h86\"><div class=\"t m0 x181 h88 y1be8 ff9f fs3a fc2 sc0 ls20 ws36\">364,197<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b7f w64 h8a\"><div class=\"t m0 x0 h88 y1c65 ff9f fs3a fc2 sc0 ls24 ws3a\">Ocean and inland freight charges<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b7f w48 h8a\"><div class=\"t m0 x180 h87 y1c65 ffa0 fs3a fc2 sc0 ls21 ws35\">256,<span class=\"_ _2\"></span>110<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b7f w20 h8a\"><div class=\"t m0 x181 h88 y1c65 ff9f fs3a fc2 sc0 ls20 ws36\">273,553<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b80 w64 h86\"><div class=\"t m0 x0 h88 y1bef ff9f fs3a fc2 sc0 ls2a ws5a\">Opera<span class=\"_ _2\"></span>ting e<span class=\"_ _2\"></span><span class=\"ls20 ws36\">mploye<span class=\"_ _2\"></span>e<span class=\"ffa1 ls2e ws5c\">s\u2019</span><span class=\"ls1 ws0\"> <span class=\"ls24 ws3a\">personnel and <span class=\"ls26 ws3d\">benefit expens<span class=\"_ _1\"></span>es</span></span></span></span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"><span class=\"ls26 ws3d\"><span class=\"ls1 ws0\"> </span></span></span></span></span></div></td><td class=\"c x2a2 y2b80 w48 h86\"><div class=\"t m0 x180 h87 y1bef ffa0 fs3a fc2 sc0 ls21 ws35\">246,<span class=\"_ _2\"></span>682<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b80 w20 h86\"><div class=\"t m0 x181 h88 y1bef ff9f fs3a fc2 sc0 ls20 ws36\">220,398<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b81 w64 h86\"><div class=\"t m0 x0 h88 y1bf4 ff9f fs3a fc2 sc0 ls26 ws3d\">Charter and leas<span class=\"_ _1\"></span>e expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b81 w48 h86\"><div class=\"t m0 x180 h87 y1bf4 ffa0 fs3a fc2 sc0 ls21 ws35\">231,<span class=\"_ _2\"></span>161<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b81 w20 h86\"><div class=\"t m0 x181 h88 y1bf4 ff9f fs3a fc2 sc0 ls20 ws36\">353,172<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b82 w64 h8a\"><div class=\"t m0 x0 h88 y1c3f ff9f fs3a fc2 sc0 ls22 ws37\">Port charges<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b82 w48 h8a\"><div class=\"t m0 x180 h87 y1c3f ffa0 fs3a fc2 sc0 ls21 ws35\">170,<span class=\"_ _2\"></span>323<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b82 w20 h8a\"><div class=\"t m0 x181 h88 y1c3f ff9f fs3a fc2 sc0 ls20 ws36\">149,288<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b83 w64 h8b\"><div class=\"t m0 x0 h88 y1f5f ff9f fs3a fc2 sc0 ls2e ws4c\">Maintenance an<span class=\"_ _2\"></span>d repairs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b83 w48 h8b\"><div class=\"t m0 x179 h87 y1f5f ffa0 fs3a fc2 sc0 ls23 ws39\">80,042<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b83 w20 h8b\"><div class=\"t m0 x183 h88 y1f5f ff9f fs3a fc2 sc0 ls20 ws36\">72,617<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b84 w64 h86\"><div class=\"t m0 x0 h88 y1bef ff9f fs3a fc2 sc0 ls29 ws42\">Tank cont<span class=\"_ _2\"></span>ainer ancillar<span class=\"_ _2\"></span>y billable<span class=\"_ _2\"></span> costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b84 w48 h86\"><div class=\"t m0 x179 h87 y1bef ffa0 fs3a fc2 sc0 ls23 ws39\">47,688<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b84 w20 h86\"><div class=\"t m0 x183 h88 y1bef ff9f fs3a fc2 sc0 ls20 ws36\">40,011<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b85 w64 h8a\"><div class=\"t m0 x0 h88 y1bff ff9f fs3a fc2 sc0 ls23 ws4b\">Cleanin<span class=\"_ _1\"></span>g costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b85 w48 h8a\"><div class=\"t m0 x179 h87 y1bff ffa0 fs3a fc2 sc0 ls23 ws39\">45,654<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b85 w20 h8a\"><div class=\"t m0 x183 h88 y1bff ff9f fs3a fc2 sc0 ls20 ws36\">47,643<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b86 w64 h86\"><div class=\"t m0 x0 h88 y1bfa ff9f fs3a fc2 sc0 ls24 ws3b\">Insurance<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b86 w48 h86\"><div class=\"t m0 x179 h87 y1bfa ffa0 fs3a fc2 sc0 ls23 ws39\">41,874<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b86 w20 h86\"><div class=\"t m0 x183 h88 y1bfa ff9f fs3a fc2 sc0 ls20 ws36\">37,746<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b87 w64 h86\"><div class=\"t m0 x0 h88 y1bf8 ff9f fs3a fc2 sc0 ls26 ws3d\">Expenses rela<span class=\"_ _1\"></span>ted to <span class=\"ls1 ws0\">b<span class=\"ls29 ws42\">iological asset<span class=\"_ _2\"></span>s</span></span><span class=\"ls1 ws0\"><span class=\"ls29 ws42\"> <span class=\"_ _2\"></span></span> </span></div></td><td class=\"c x2a2 y2b87 w48 h86\"><div class=\"t m0 x179 h87 y1bf8 ffa0 fs3a fc2 sc0 ls23 ws39\">40,233<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b87 w20 h86\"><div class=\"t m0 x183 h88 y1bf8 ff9f fs3a fc2 sc0 ls20 ws36\">40,015<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b88 w64 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff9f fs3a fc2 sc0 ls26 ws3d\">Service elemen<span class=\"_ _1\"></span>t of leases<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b88 w48 h8a\"><div class=\"t m0 x179 h87 y1bf6 ffa0 fs3a fc2 sc0 ls23 ws39\">39,715<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b88 w20 h8a\"><div class=\"t m0 x183 h88 y1bf6 ff9f fs3a fc2 sc0 ls20 ws36\">24,864<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b89 w64 h86\"><div class=\"t m0 x0 h88 y1c05 ff9f fs3a fc2 sc0 ls29 ws42\">Ship supplies an<span class=\"_ _2\"></span>d pro<span class=\"_ _2\"></span>visions<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b89 w48 h86\"><div class=\"t m0 x179 h87 y1c05 ffa0 fs3a fc2 sc0 ls23 ws39\">35,294<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b89 w20 h86\"><div class=\"t m0 x183 h88 y1c05 ff9f fs3a fc2 sc0 ls20 ws36\">32,404<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b8a w64 h86\"><div class=\"t m0 x0 h88 y1bde ff9f fs3a fc2 sc0 ls24 ws3a\">Repositioning of tank containers<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b8a w48 h86\"><div class=\"t m0 x179 h87 y1bde ffa0 fs3a fc2 sc0 ls23 ws39\">33,467<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b8a w20 h86\"><div class=\"t m0 x183 h88 y1bde ff9f fs3a fc2 sc0 ls20 ws36\">33,586<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b8b w64 h8a\"><div class=\"t m0 x0 h88 y1c2d ff9f fs3a fc2 sc0 ls22 ws37\">Storage and<span class=\"_ _1\"></span> other tank container m<span class=\"_ _1\"></span>ove<span class=\"ls1 ws0\">-<span class=\"ls23 ws4b\">rela<span class=\"_ _1\"></span>ted costs</span></span><span class=\"ls1 ws0\"><span class=\"ls23 ws4b\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2a2 y2b8b w48 h8a\"><div class=\"t m0 x179 h87 y1c2d ffa0 fs3a fc2 sc0 ls23 ws39\">28,841<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b8b w20 h8a\"><div class=\"t m0 x183 h88 y1c2d ff9f fs3a fc2 sc0 ls20 ws36\">26,869<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b8c w64 h86\"><div class=\"t m0 x0 h88 y1bde ff9f fs3a fc2 sc0 ls29 ws42\">Facilities an<span class=\"_ _2\"></span>d utilitie<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b8c w48 h86\"><div class=\"t m0 x179 h87 y1bde ffa0 fs3a fc2 sc0 ls21 ws35\">33,<span class=\"ls1 ws0\">9<span class=\"ls66 ws9d\">41</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b8c w20 h86\"><div class=\"t m0 x183 h88 y1bde ff9f fs3a fc2 sc0 ls20 ws36\">33,035<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b8d w64 h86\"><div class=\"t m0 x0 h88 y1be4 ff9f fs3a fc2 sc0 ls22 ws37\">Cost of LNG p<span class=\"_ _1\"></span>urchased<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b8d w48 h86\"><div class=\"t m0 x179 h87 y1be4 ffa0 fs3a fc2 sc0 ls23 ws39\">25,541<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b8d w20 h86\"><div class=\"t m0 x2d h88 y1be4 ffa1 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff9f\"> </span></div></td></tr><tr><td class=\"c x24b y2b8e w64 h8a\"><div class=\"t m0 x0 h88 y1be6 ff9f fs3a fc2 sc0 ls2a ws45\">Commis<span class=\"_ _2\"></span>sion<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b8e w48 h8a\"><div class=\"t m0 x179 h87 y1be6 ffa0 fs3a fc2 sc0 ls23 ws39\">22,883<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b8e w20 h8a\"><div class=\"t m0 x183 h88 y1be6 ff9f fs3a fc2 sc0 ls20 ws36\">38,258<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b8f w64 h8b\"><div class=\"t m0 x0 h88 y1be4 ff9f fs3a fc2 sc0 ls24 ws3a\">Owning costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b8f w48 h8b\"><div class=\"t m0 x179 h87 y1be4 ffa0 fs3a fc2 sc0 ls23 ws39\">12,891<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b8f w20 h8b\"><div class=\"t m0 x184 h88 y1be4 ff9f fs3a fc2 sc0 ls20 ws36\">9,084<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b90 w64 h86\"><div class=\"t m0 x0 h88 y1be2 ff9f fs3a fc2 sc0 ls22 ws37\">Voyag<span class=\"_ _1\"></span>e costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b90 w48 h86\"><div class=\"t m0 x179 h87 y1be2 ffa0 fs3a fc2 sc0 ls23 ws39\">12,248<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b90 w20 h86\"><div class=\"t m0 x183 h88 y1be2 ff9f fs3a fc2 sc0 ls20 ws36\">18,742<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b91 w64 h8a\"><div class=\"t m0 x0 h88 y1c18 ff9f fs3a fc2 sc0 ls22 ws37\">Regulatory<span class=\"_ _1\"></span> costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b91 w48 h8a\"><div class=\"t m0 x185 h87 y1c18 ffa0 fs3a fc2 sc0 ls21 ws35\">7,12<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b91 w20 h8a\"><div class=\"t m0 x184 h88 y1c18 ff9f fs3a fc2 sc0 ls20 ws36\">7,030<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b92 w64 h86\"><div class=\"t m0 x0 h88 y1bea ff9f fs3a fc2 sc0 ls24 ws3a\">Packing expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b92 w48 h86\"><div class=\"t m0 x185 h87 y1bea ffa0 fs3a fc2 sc0 ls21 ws35\">7,04<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b92 w20 h86\"><div class=\"t m0 x184 h88 y1bea ff9f fs3a fc2 sc0 ls20 ws36\">7,721<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b93 w64 h86\"><div class=\"t m0 x0 h88 y1be8 ff9f fs3a fc2 sc0 ls2e ws4c\">Barging and tran<span class=\"ls1 ws0\">s-<span class=\"ls2a ws45\">shipment<span class=\"_ _2\"></span>s</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b93 w48 h86\"><div class=\"t m0 x185 h87 y1be8 ffa0 fs3a fc2 sc0 ls21 ws35\">6,48<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b93 w20 h86\"><div class=\"t m0 x184 h88 y1be8 ff9f fs3a fc2 sc0 ls20 ws36\">6,669<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b94 w64 h8a\"><div class=\"t m0 x0 h88 y1c65 ff9f fs3a fc2 sc0 ls26 ws3d\">Rail expenses<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b94 w48 h8a\"><div class=\"t m0 x185 h87 y1c65 ffa0 fs3a fc2 sc0 ls21 ws35\">5,12<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b94 w20 h8a\"><div class=\"t m0 x184 h88 y1c65 ff9f fs3a fc2 sc0 ls20 ws36\">5,643<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b95 w64 h86\"><div class=\"t m0 x0 h88 y1be8 ff9f fs3a fc2 sc0 ls29 ws42\">Biological asset<span class=\"_ _2\"></span>s market<span class=\"_ _2\"></span> valuatio<span class=\"_ _2\"></span>n adjustment<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b95 w25 h86\"><div class=\"t m0 x181 h87 y1be8 ffa0 fs3a fc2 sc0 ls21 ws35\">(12,6<span class=\"_ _2\"></span>07)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b95 w20 h86\"><div class=\"t m0 x1a0 h88 y1be8 ff9f fs3a fc2 sc0 ls20 ws36\">699<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b96 w64 h86\"><div class=\"t m0 x0 h88 y1bf4 ff9f fs3a fc2 sc0 ls26 ws3d\">Other expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b96 w48 h86\"><div class=\"t m0 x185 h87 y1bf4 ffa0 fs3a fc2 sc0 ls21 ws35\">1,36<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b96 w20 h86\"><div class=\"t m0 x184 h88 y1bf4 ff9f fs3a fc2 sc0 ls20 ws36\">7,766<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b97 w64 h8c\"><div class=\"t m0 x0 h87 y1c3f ffa0 fs3a fc2 sc0 ls2c ws5a\">Total operating e<span class=\"_ _1\"></span>xpenses<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b97 w48 h8c\"><div class=\"t m0 x17a h87 y1c3f ffa0 fs3a fc2 sc0 ls21 ws35\">1,74<span class=\"_ _2\"></span>6,370<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b97 w20 h8c\"><div class=\"t m0 x17b h88 y1c3f ff9f fs3a fc2 sc0 ls20 ws36\">1,851,010<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>An analysis <span class=\"_ _2\"></span>of administra<span class=\"_ _2\"></span>tive and gene<span class=\"_ _2\"></span>ral expenses is<span class=\"_ _2\"></span> as follows<span class=\"_ _2\"></span>:<span class=\"ls1 ws0\"> </span><table class=\"s w14b h11a\" id=\"_df1fb425-b5b6-4c24-bf15-4ba05bde534e\"><tr><td></td><td class=\"c x2be y2b98 w6a hb7\"><div class=\"t m0 x197 h82 y1f54 ff9f fs3b fc2 sc0 ls19 ws2d\">For<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">the</span> years en<span class=\"_ _2\"></span>ded November <span class=\"ls1b ws2f\">30</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2b99 w152 h102\"><div class=\"t m0 x245 h82 y29a6 ff9f fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2bf h82 y29a7 ff9f fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x2a7 y2b9a w20 h83\"><div class=\"t m0 x177 h85 y1f57 ffa0 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b9a w55 h83\"><div class=\"t m0 x177 h82 y1f57 ff9f fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2b9b w69 h90\"><div class=\"t m0 x0 h88 y1f74 ff9f fs3a fc2 sc0 ls29 ws42\">Administrative<span class=\"_ _2\"></span> and gener<span class=\"_ _2\"></span>al e<span class=\"ls20 ws36\">mplo<span class=\"_ _2\"></span>yee<span class=\"ffa1 ls2e ws5c\">s\u2019</span><span class=\"ls1 ws0\"> <span class=\"ls24 ws3a\">personnel and </span> </span></span></div><div class=\"t m0 x0 h88 y1c65 ff9f fs3a fc2 sc0 ls26 ws3d\">benefit expen<span class=\"_ _1\"></span>ses<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x247 h87 y2b9c ffa0 fs3a fc2 sc0 ls21 ws35\">224,<span class=\"_ _2\"></span>906<span class=\"_ _195\"> </span></td><td class=\"t m0 x2c0 h88 y2b9c ff9f fs3a fc2 sc0 ls20 ws36\">210,913<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x241 y2b9d w69 h86\"><div class=\"t m0 x0 h88 y1be8 ff9f fs3a fc2 sc0 ls24 ws3a\">Information systems<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b9d w20 h86\"><div class=\"t m0 x179 h87 y1be8 ffa0 fs3a fc2 sc0 ls23 ws39\">24,332<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b9d w55 h86\"><div class=\"t m0 x183 h88 y1be8 ff9f fs3a fc2 sc0 ls20 ws36\">19,411<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2b9e w69 h8a\"><div class=\"t m0 x0 h88 y1c65 ff9f fs3a fc2 sc0 ls26 ws3d\">Profession<span class=\"_ _1\"></span>al fees<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b9e w20 h8a\"><div class=\"t m0 x179 h87 y1c65 ffa0 fs3a fc2 sc0 ls23 ws39\">17,105<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b9e w55 h8a\"><div class=\"t m0 x183 h88 y1c65 ff9f fs3a fc2 sc0 ls20 ws36\">13,019<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2b9f w69 h86\"><div class=\"t m0 x0 h88 y1bef ff9f fs3a fc2 sc0 ls26 ws3d\">Travel an<span class=\"_ _1\"></span>d entertainment expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b9f w20 h86\"><div class=\"t m0 x185 h87 y1bef ffa0 fs3a fc2 sc0 ls21 ws35\">9,33<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b9f w55 h86\"><div class=\"t m0 x184 h88 y1bef ff9f fs3a fc2 sc0 ls20 ws36\">7,939<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba0 w69 ha1\"><div class=\"t m0 x0 h88 y1f5f ff9f fs3a fc2 sc0 ls26 ws3d\">Office expenses<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba0 w20 ha1\"><div class=\"t m0 x185 h87 y1f5f ffa0 fs3a fc2 sc0 ls21 ws35\">7,02<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba0 w55 ha1\"><div class=\"t m0 x184 h88 y1f5f ff9f fs3a fc2 sc0 ls20 ws36\">6,924<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba1 w69 h8a\"><div class=\"t m0 x0 h88 y1c3f ff9f fs3a fc2 sc0 ls26 ws5b\">Legal f<span class=\"_ _1\"></span>ees<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba1 w20 h8a\"><div class=\"t m0 x185 h87 y1c3f ffa0 fs3a fc2 sc0 ls21 ws35\">4,48<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba1 w55 h8a\"><div class=\"t m0 x184 h88 y1c3f ff9f fs3a fc2 sc0 ls20 ws36\">2,993<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba2 w69 h86\"><div class=\"t m0 x0 h88 y1c4c ff9f fs3a fc2 sc0 ls29 ws42\">Investor<span class=\"_ _2\"></span> relations a<span class=\"_ _2\"></span>nd publicity<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba2 w20 h86\"><div class=\"t m0 x185 h87 y1c4c ffa0 fs3a fc2 sc0 ls21 ws35\">2,83<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba2 w55 h86\"><div class=\"t m0 x184 h88 y1c4c ff9f fs3a fc2 sc0 ls20 ws36\">2,886<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba3 w69 h86\"><div class=\"t m0 x0 h88 y1bef ff9f fs3a fc2 sc0 ls26 ws3d\">Office leas<span class=\"_ _1\"></span>e expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba3 w20 h86\"><div class=\"t m0 x185 h87 y1bef ffa0 fs3a fc2 sc0 ls21 ws35\">1,58<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba3 w55 h86\"><div class=\"t m0 x184 h88 y1bef ff9f fs3a fc2 sc0 ls20 ws36\">1,692<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba4 w69 h8a\"><div class=\"t m0 x0 h88 y1c4d ff9f fs3a fc2 sc0 ls26 ws3d\">Board fees<span class=\"_ _1\"></span> and expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba4 w20 h8a\"><div class=\"t m0 x185 h87 y1c4d ffa0 fs3a fc2 sc0 ls21 ws35\">1,37<span class=\"_ _2\"></span>9<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba4 w55 h8a\"><div class=\"t m0 x184 h88 y1c4d ff9f fs3a fc2 sc0 ls20 ws36\">1,948<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba5 w69 h86\"><div class=\"t m0 x0 h88 y1bfa ff9f fs3a fc2 sc0 ls24 ws3a\">Management fee to joint venture<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba5 w20 h86\"><div class=\"t m0 x185 h87 y1bfa ffa0 fs3a fc2 sc0 ls21 ws35\">1,47<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba5 w55 h86\"><div class=\"t m0 x184 h88 y1bfa ff9f fs3a fc2 sc0 ls20 ws36\">1,838<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba6 w69 h86\"><div class=\"t m0 x0 h88 y1bf8 ff9f fs3a fc2 sc0 ls24 ws3a\">Communication expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba6 w20 h86\"><div class=\"t m0 x177 h87 y1bf8 ffa0 fs3a fc2 sc0 ls21 ws35\">856<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba6 w55 h86\"><div class=\"t m0 x1a0 h88 y1bf8 ff9f fs3a fc2 sc0 ls20 ws36\">761<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba7 w69 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff9f fs3a fc2 sc0 ls24 ws3a\">Bank non<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls26 ws3d\">interest fees</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2a7 y2ba7 w20 h8a\"><div class=\"t m0 x185 h87 y1bf6 ffa0 fs3a fc2 sc0 ls21 ws35\">2,00<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba7 w55 h8a\"><div class=\"t m0 x184 h88 y1bf6 ff9f fs3a fc2 sc0 ls20 ws36\">1,283<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba8 w69 h86\"><div class=\"t m0 x0 h88 y1c05 ff9f fs3a fc2 sc0 ls2a ws45\">Othe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba8 w20 h86\"><div class=\"t m0 x185 h87 y1c05 ffa0 fs3a fc2 sc0 ls21 ws35\">3,48<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba8 w55 h86\"><div class=\"t m0 x184 h88 y1c05 ff9f fs3a fc2 sc0 ls20 ws36\">2,480<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba9 w69 h86\"><div class=\"t m0 x0 h87 y1bde ffa0 fs3a fc2 sc0 ls2c ws5a\">Total administr<span class=\"_ _1\"></span>ative and general expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba9 w20 h86\"><div class=\"t m0 x180 h87 y1bde ffa0 fs3a fc2 sc0 ls21 ws35\">300,<span class=\"_ _2\"></span>794<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba9 w55 h86\"><div class=\"t m0 x181 h88 y1bde ff9f fs3a fc2 sc0 ls20 ws36\">274,087<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>An analysis <span class=\"_ _2\"></span>of employee be<span class=\"_ _2\"></span>nefit <span class=\"ws4e\">ex<span class=\"_ _2\"></span>penses<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">included<span class=\"_ _2\"></span> in op<span class=\"_ _2\"></span>era<span class=\"_ _2\"></span>ting e<span class=\"_ _2\"></span>xp<span class=\"_ _2\"></span>enses a<span class=\"_ _2\"></span>nd ad<span class=\"_ _2\"></span>mini<span class=\"_ _2\"></span>stra<span class=\"_ _2\"></span>tive a<span class=\"_ _2\"></span>nd </span></span></span>general expense<span class=\"_ _2\"></span>s is as foll<span class=\"_ _2\"></span>ows:<span class=\"ls1 ws0\"> </span><table class=\"s w10e h11b\" id=\"_f92c371d-d83f-4629-a99a-017311af558e\"><tr><td></td><td class=\"c x2bd y2baa w68 hb7\"><div class=\"t m0 x197 h82 y1f57 ffa5 fs3b fc2 sc0 ls19 ws2d\">For<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">the</span> years en<span class=\"_ _2\"></span>ded November <span class=\"ls1b ws2f\">30</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2bab w153 h102\"><div class=\"t m0 x245 h82 y29a6 ffa5 fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2a3 h82 y29a7 ffa5 fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands<span class=\"ws32\">, except employee data</span></span><span class=\"ls1 ws0\"><span class=\"ws32\">)<span class=\"_ _195\"> </span></span></span></div></td><td class=\"c x2a2 y2bac w48 hb9\"><div class=\"t m0 x177 h85 y1c8e ffa4 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bac w20 hb9\"><div class=\"t m0 x177 h82 y1c8e ffa5 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bad w64 h86\"><div class=\"t m0 x0 h88 y1bf4 ffa5 fs3a fc2 sc0 ls29 ws44\">Salaries<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bad w48 h86\"><div class=\"t m0 x180 h87 y1bf4 ffa4 fs3a fc2 sc0 ls21 ws35\">324,<span class=\"_ _2\"></span>441<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bad w20 h86\"><div class=\"t m0 x181 h88 y1bf4 ffa5 fs3a fc2 sc0 ls20 ws36\">290,654<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bae w64 h8c\"><div class=\"t m0 x0 h88 y1c3f ffa5 fs3a fc2 sc0 ls24 ws3a\">Profit sharing and long<span class=\"ls1 ws0\">-<span class=\"ls26 ws3d\">term incentive prog<span class=\"_ _1\"></span>rammes</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2a2 y2bae w48 h8c\"><div class=\"t m0 x179 h87 y1c3f ffa4 fs3a fc2 sc0 ls27 ws3f\">28<span class=\"ls1 ws0\">,<span class=\"ls66 ws9d\">053</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bae w20 h8c\"><div class=\"t m0 x183 h88 y1c3f ffa5 fs3a fc2 sc0 ls20 ws36\">30,736<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2baf w64 h89\"><div class=\"t m0 x0 h88 y1bf4 ffa5 fs3a fc2 sc0 ls26 ws3d\">Social security exp<span class=\"_ _1\"></span>enses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2baf w48 h89\"><div class=\"t m0 x179 h87 y1bf4 ffa4 fs3a fc2 sc0 ls23 ws39\">28,196<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2baf w20 h89\"><div class=\"t m0 x183 h88 y1bf4 ffa5 fs3a fc2 sc0 ls20 ws36\">24,745<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bb0 w64 h86\"><div class=\"t m0 x0 h88 y1bfa ffa5 fs3a fc2 sc0 ls22 ws37\">Pension<span class=\"_ _1\"></span> expenses for define<span class=\"_ _1\"></span>d contribution plans<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>(Note 25<span class=\"_ _1\"></span>)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bb0 w48 h86\"><div class=\"t m0 x179 h87 y1bfa ffa4 fs3a fc2 sc0 ls23 ws39\">21,631<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bb0 w20 h86\"><div class=\"t m0 x183 h88 y1bfa ffa5 fs3a fc2 sc0 ls20 ws36\">20,246<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bb1 w64 h94\"><div class=\"t m0 x0 h88 y1bff ffa5 fs3a fc2 sc0 ls22 ws37\">Tempora<span class=\"_ _1\"></span>ry and contract emp<span class=\"_ _1\"></span>loyees<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bb1 w48 h94\"><div class=\"t m0 x179 h87 y1bff ffa4 fs3a fc2 sc0 ls23 ws39\">18,969<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bb1 w20 h94\"><div class=\"t m0 x183 h88 y1bff ffa5 fs3a fc2 sc0 ls20 ws36\">15,518<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bb2 w64 h86\"><div class=\"t m0 x0 h88 y1bfa ffa5 fs3a fc2 sc0 ls22 ws37\">Travel of s<span class=\"_ _1\"></span>eafarers and relocation<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bb2 w48 h86\"><div class=\"t m0 x179 h87 y1bfa ffa4 fs3a fc2 sc0 ls23 ws39\">14,812<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bb2 w20 h86\"><div class=\"t m0 x183 h88 y1bfa ffa5 fs3a fc2 sc0 ls20 ws36\">13,821<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bb3 w64 h86\"><div class=\"t m0 x0 h88 y1c50 ffa5 fs3a fc2 sc0 ls29 ws42\">Medical and li<span class=\"_ _2\"></span>fe insu<span class=\"_ _2\"></span>rance<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bb3 w48 h86\"><div class=\"t m0 x179 h87 y1c50 ffa4 fs3a fc2 sc0 ls23 ws39\">15,585<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bb3 w20 h86\"><div class=\"t m0 x183 h88 y1c50 ffa5 fs3a fc2 sc0 ls20 ws36\">14,056<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bb4 w64 h8a\"><div class=\"t m0 x0 h88 y1bf6 ffa5 fs3a fc2 sc0 ls29 ws44\">Training<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bb4 w48 h8a\"><div class=\"t m0 x185 h87 y1bf6 ffa4 fs3a fc2 sc0 ls21 ws35\">8,73<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bb4 w20 h8a\"><div class=\"t m0 x184 h88 y1bf6 ffa5 fs3a fc2 sc0 ls20 ws36\">8,499<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bb5 w64 h86\"><div class=\"t m0 x0 h88 y1bdc ffa5 fs3a fc2 sc0 ls26 ws3d\">Expatriate exp<span class=\"_ _1\"></span>enses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bb5 w48 h86\"><div class=\"t m0 x185 h87 y1bdc ffa4 fs3a fc2 sc0 ls21 ws35\">1,45<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bb5 w20 h86\"><div class=\"t m0 x184 h88 y1bdc ffa5 fs3a fc2 sc0 ls20 ws36\">1,792<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x246 y2bb6 w154 hfa\"><div class=\"t m0 x245 h88 y2933 ffa5 fs3a fc2 sc0 ls20 ws34\">Pension e<span class=\"_ _2\"></span>xpense<span class=\"_ _2\"></span>s for de<span class=\"_ _2\"></span>fined<span class=\"_ _2\"></span> benefit<span class=\"_ _2\"></span> plans<span class=\"_ _2\"></span> and po<span class=\"_ _2\"></span>st<span class=\"ls1 ws0\">-<span class=\"ls26 ws3d\">retirem<span class=\"_ _1\"></span>ent benefit<span class=\"_ _195\"> </span></span></span></div></td><td></td><td></td></tr><tr><td class=\"c x246 y2bb7 w155 hfa\"><div class=\"t m0 x245 h88 y2933 ffa5 fs3a fc2 sc0 ls20 ws34\">plan (No<span class=\"_ _2\"></span>te 25)<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x2c1 h87 y2bb8 ffa4 fs3a fc2 sc0 ls21 ws35\">878<span class=\"_ _195\"> </span></td><td class=\"t m0 x2c2 h88 y2bb8 ffa5 fs3a fc2 sc0 ls20 ws36\">1,067<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2bb9 w64 h86\"><div class=\"t m0 x0 h88 y1bde ffa5 fs3a fc2 sc0 ls26 ws3d\">Other benefi<span class=\"_ _1\"></span>ts<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bb9 w48 h86\"><div class=\"t m0 x185 h87 y1bde ffa4 fs3a fc2 sc0 ls27 ws3f\">8,<span class=\"ls21 ws35\">836</span><span class=\"ls21 ws35\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x24e y2bb9 w20 h86\"><div class=\"t m0 x183 h88 y1bde ffa5 fs3a fc2 sc0 ls20 ws36\">10,177<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bba w64 h8c\"><div class=\"t m0 x0 h87 y1be0 ffa4 fs3a fc2 sc0 ls1f ws33\">Total empl<span class=\"_ _2\"></span>oyee <span class=\"ws43\">b<span class=\"_ _2\"></span>enefit<span class=\"ls1 ws0\"> </span>expen<span class=\"_ _2\"></span>ses</span><span class=\"ws43\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2a2 y2bba w48 h8c\"><div class=\"t m0 x180 h87 y1be0 ffa4 fs3a fc2 sc0 ls21 ws35\">471,<span class=\"_ _2\"></span>588<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bba w20 h8c\"><div class=\"t m0 x181 h88 y1be0 ffa5 fs3a fc2 sc0 ls20 ws36\">431,311<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bbb w64 h86\"><div class=\"t m0 x0 h88 y1be4 ffa5 fs3a fc2 sc0 ls26 ws3d\">Average nu<span class=\"_ _1\"></span>mber of employees: <span class=\"ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x24b y2bbc w64 h86\"><div class=\"t m0 x0 h88 y1be2 ffa5 fs3a fc2 sc0 ls24 ws3b\">Tankers*<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bbc w48 h86\"><div class=\"t m0 x185 h87 y1be2 ffa4 fs3a fc2 sc0 ls21 ws35\">4,73<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bbc w20 h86\"><div class=\"t m0 x184 h88 y1be2 ffa5 fs3a fc2 sc0 ls20 ws36\">4,752<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bbd w64 ha4\"><div class=\"t m0 x0 h88 y1c18 ffa5 fs3a fc2 sc0 ls24 ws3a\">Tank Containers<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bbd w48 ha4\"><div class=\"t m0 x177 h87 y1c18 ffa4 fs3a fc2 sc0 ls21 ws35\">908<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bbd w20 ha4\"><div class=\"t m0 x1a0 h88 y1c18 ffa5 fs3a fc2 sc0 ls20 ws36\">823<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bbe w64 h86\"><div class=\"t m0 x0 h88 y1bea ffa5 fs3a fc2 sc0 ls29 ws44\">Terminals<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bbe w48 h86\"><div class=\"t m0 x177 h87 y1bea ffa4 fs3a fc2 sc0 ls21 ws35\">622<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bbe w20 h86\"><div class=\"t m0 x1a0 h88 y1bea ffa5 fs3a fc2 sc0 ls20 ws36\">628<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x246 y2bbf w156 hfa\"><div class=\"t m0 x245 h88 y2933 ffa5 fs3a fc2 sc0 ls23 ws39\">Stolt<span class=\"_ _195\"> </span></div><div class=\"t m0 x2c3 h88 y2933 ffa5 fs3a fc2 sc0 ls2e ws4c\">Sea Farm<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x2c1 h87 y2bc0 ffa4 fs3a fc2 sc0 ls21 ws35\">637<span class=\"_ _195\"> </span></td><td class=\"t m0 x2c4 h88 y2bc0 ffa5 fs3a fc2 sc0 ls20 ws36\">604<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2bc1 w64 h8a\"><div class=\"t m0 x0 h88 y1c65 ffa5 fs3a fc2 sc0 ls29 ws44\">Stolt<span class=\"ls1 ws0\">-</span><span class=\"ws42\">Nielsen Gas</span><span class=\"ws42\">**<span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2a2 y2bc1 w48 h8a\"><div class=\"t m0 x193 h87 y1c65 ffa4 fs3a fc2 sc0 ls27 ws3f\">11<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bc1 w20 h8a\"><div class=\"t m0 x2d h88 y1c65 ffa6 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffa5\"> </span></div></td></tr><tr><td class=\"c x24b y2bc2 w64 h86\"><div class=\"t m0 x0 h88 y1be8 ffa5 fs3a fc2 sc0 ls2a ws45\">Othe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bc2 w48 h86\"><div class=\"t m0 x177 h87 y1be8 ffa4 fs3a fc2 sc0 ls21 ws35\">136<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bc2 w20 h86\"><div class=\"t m0 x193 h88 y1be8 ffa5 fs3a fc2 sc0 ls20 ws36\">91<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bc3 w64 h86\"><div class=\"t m0 x0 h87 y1bf4 ffa4 fs3a fc2 sc0 ls21 ws38\">Total<span class=\"_ _2\"></span> ave<span class=\"_ _2\"></span>rage n<span class=\"_ _2\"></span>umbe<span class=\"_ _2\"></span>r of <span class=\"_ _2\"></span><span class=\"ls2c ws91\">employees</span><span class=\"ls2c ws91\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2a2 y2bc3 w48 h86\"><div class=\"t m0 x185 h87 y1bf4 ffa4 fs3a fc2 sc0 ls27 ws3f\">7,<span class=\"ls21 ws35\">040</span><span class=\"ls21 ws35\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x24e y2bc3 w20 h86\"><div class=\"t m0 x184 h88 y1bf4 ffa5 fs3a fc2 sc0 ls20 ws36\">6,898<span class=\"ls1 ws0\"> </span></div></td></tr></table>* <span class=\"_ _8e\"> </span><span class=\"ls3e ws64\">Includin<span class=\"_ _2\"></span>g seaf<span class=\"_ _2\"></span>arer<span class=\"_ _2\"></span>s working<span class=\"_ _2\"></span> on join<span class=\"_ _2\"></span>t ven<span class=\"_ _2\"></span>ture or<span class=\"_ _2\"></span> third<span class=\"_ _2\"></span></span>-<span class=\"ls67 wsaf\">party sh<span class=\"_ _2\"></span>ip<span class=\"_ _2\"></span>s.</span> **<span class=\"ls1 ws0\"> <span class=\"_ _0\"></span><span class=\"ls3f ws67\">Excl<span class=\"_ _1\"></span>udes t<span class=\"_ _1\"></span>hird p<span class=\"_ _1\"></span>arty s<span class=\"_ _1\"></span>eafar<span class=\"_ _1\"></span>ers.<span class=\"_ _195\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-670": {
   "value": "Acc<span class=\"_ _3\"></span>ounti<span class=\"_ _1\"></span>ng p<span class=\"_ _1\"></span><span class=\"ls6d wsa9\">olicy<span class=\"ls1 ws0\"> </span></span>(i) Tan<span class=\"_ _2\"></span>kers<span class=\"ls1 ws0\">  </span>Tanke<span class=\"_ _2\"></span>rs<span class=\"ff99 ls1 ws0\">\u2019<span class=\"ff98\"> </span></span><span class=\"wsaa\">operati<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> expe<span class=\"_ _2\"></span>nses<span class=\"_ _2\"></span> incl<span class=\"_ _2\"></span>ude <span class=\"_ _2\"></span>co<span class=\"_ _2\"></span>sts d<span class=\"_ _2\"></span>irect<span class=\"_ _2\"></span>ly <span class=\"_ _2\"></span>asso<span class=\"_ _2\"></span>ciat<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>wit<span class=\"_ _2\"></span>h t<span class=\"_ _2\"></span>he op<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>mai<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> </span>the parc<span class=\"_ _2\"></span>el tanker<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">and bar<span class=\"_ _2\"></span>ge<span class=\"_ _2\"></span>s<span class=\"ls30 wsab\">. Th<span class=\"_ _2\"></span>ese</span></span> <span class=\"ls49 wsaa\">type<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> cost<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>e <span class=\"ls61 ws89\">tim<span class=\"_ _2\"></span>e</span></span> <span class=\"_ _1\"></span><span class=\"ls2f ws92\">c<span class=\"_ _2\"></span>harter costs,<span class=\"ls1 ws0\"> <span class=\"ls4b ws77\">the <span class=\"ls48 ws32\">service el<span class=\"_ _2\"></span>ement of<span class=\"_ _2\"></span> </span></span></span></span></span>leases,<span class=\"ls1 ws0\"> <span class=\"ls54 ws70\">bunker fuel costs, port costs, manning co<span class=\"_ _2\"></span>sts (for example, ship personnel and benefit<span class=\"_ _2\"></span>s), sublet </span></span>costs, repair <span class=\"_ _2\"></span><span class=\"ls49 ws78\">and<span class=\"ls1 ws0\"> </span><span class=\"wsaa\">mai<span class=\"_ _2\"></span>ntena<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>tan<span class=\"_ _2\"></span>kers<span class=\"_ _2\"></span>, co<span class=\"_ _2\"></span>mmis<span class=\"_ _2\"></span>sio<span class=\"_ _2\"></span>n exp<span class=\"_ _2\"></span>ense<span class=\"_ _2\"></span>s, b<span class=\"_ _2\"></span>argi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span></span>tr<span class=\"_ _2\"></span>an<span class=\"ls1 ws0\">s-<span class=\"_ _1\"></span><span class=\"ls54 ws83\">shipment<span class=\"ls1 ws0\"> <span class=\"ls4b ws77\">costs<span class=\"_ _2\"></span>, </span></span></span></span></span>canal<span class=\"_ _2\"></span> tra<span class=\"_ _2\"></span>nsi<span class=\"_ _2\"></span>t co<span class=\"_ _2\"></span>sts,<span class=\"_ _2\"></span> ins<span class=\"_ _2\"></span>ur<span class=\"_ _2\"></span>ance p<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>mium<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> ot<span class=\"_ _2\"></span>her s<span class=\"_ _2\"></span>hip<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span>owning<span class=\"_ _2\"></span> ex<span class=\"_ _2\"></span>pens<span class=\"_ _2\"></span>es (<span class=\"_ _2\"></span>for <span class=\"_ _2\"></span>exa<span class=\"_ _2\"></span>mple<span class=\"_ _2\"></span>, pr<span class=\"_ _2\"></span>ovi<span class=\"_ _2\"></span>sio<span class=\"_ _2\"></span>ns, ship supplies, cleaning<span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">and</span> <span class=\"ls2f ws2f\">cargo survey co<span class=\"_ _2\"></span>sts).</span> </span>(ii)<span class=\"ls1 ws0\"> <span class=\"ls46 ws6f\">Term<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>als</span>  </span>Terminals<span class=\"ff99 ls1 ws0\">\u2019<span class=\"ff98\"> <span class=\"_ _1\"></span>o<span class=\"ls49 wsaa\">perati<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>expe<span class=\"_ _2\"></span>nse<span class=\"_ _2\"></span>s c<span class=\"_ _2\"></span>onsi<span class=\"_ _2\"></span>st of<span class=\"_ _2\"></span> cos<span class=\"_ _2\"></span>ts <span class=\"_ _2\"></span>dire<span class=\"_ _2\"></span>ctl<span class=\"_ _2\"></span>y as<span class=\"_ _2\"></span>soci<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>d wit<span class=\"_ _2\"></span>h t<span class=\"_ _2\"></span>he op<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> </span></span></span>mai<span class=\"_ _2\"></span>ntena<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he te<span class=\"_ _2\"></span>rmi<span class=\"_ _2\"></span>nals.<span class=\"_ _2\"></span> Th<span class=\"_ _2\"></span>ese <span class=\"_ _2\"></span>type<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>costs<span class=\"_ _2\"></span> incl<span class=\"_ _2\"></span>ude <span class=\"ws78\">p<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>sonne<span class=\"_ _2\"></span>l<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">and employ<span class=\"_ _2\"></span>ee benef<span class=\"_ _2\"></span>it cost<span class=\"_ _2\"></span>s, </span></span></span>facilities and <span class=\"ws83\">u<span class=\"_ _1\"></span>tilities<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">(incl<span class=\"_ _2\"></span>udi<span class=\"_ _2\"></span>ng r<span class=\"_ _2\"></span>eal<span class=\"_ _2\"></span> est<span class=\"_ _2\"></span>ate t<span class=\"_ _2\"></span>axe<span class=\"_ _2\"></span>s)<span class=\"_ _2\"></span>, rai<span class=\"_ _2\"></span>l ex<span class=\"_ _2\"></span>pens<span class=\"_ _2\"></span>es<span class=\"_ _2\"></span>, ma<span class=\"_ _2\"></span>inte<span class=\"_ _2\"></span>nance<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> rep<span class=\"_ _2\"></span>air <span class=\"_ _2\"></span>co<span class=\"_ _2\"></span>sts, </span></span></span>regul<span class=\"_ _2\"></span>ato<span class=\"_ _2\"></span>ry <span class=\"ls30 ws52\">costs<span class=\"_ _2\"></span><span class=\"ls2f ws2f\">, storage co<span class=\"_ _2\"></span>sts and other <span class=\"_ _2\"></span>operating expen<span class=\"_ _2\"></span>ses (for <span class=\"_ _2\"></span>example, insurance<span class=\"_ _2\"></span>, <span class=\"ls48 ws72\">electric<span class=\"_ _2\"></span>ity, </span></span></span>surve<span class=\"_ _2\"></span>y c<span class=\"_ _2\"></span>osts<span class=\"_ _2\"></span>, cle<span class=\"_ _2\"></span>ani<span class=\"_ _2\"></span>ng, l<span class=\"_ _2\"></span>ine<span class=\"_ _2\"></span> ha<span class=\"_ _2\"></span>ul,<span class=\"_ _2\"></span> rail<span class=\"_ _2\"></span> cost<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span><span class=\"ws78\">and<span class=\"ls1 ws0\"> </span></span>tan<span class=\"_ _2\"></span>k car<span class=\"_ _2\"></span> <span class=\"ls4b ws77\">hir<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">costs).<span class=\"_ _2\"></span></span> </span></span>(iii) Tank Cont<span class=\"_ _2\"></span>ainers <span class=\"ls1 ws0\"> </span>Tank C<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ai<span class=\"_ _2\"></span>ners op<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ating<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>ses of<span class=\"_ _2\"></span> Ta<span class=\"_ _2\"></span>nk C<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ainer<span class=\"_ _2\"></span>s c<span class=\"_ _2\"></span>onsi<span class=\"_ _2\"></span>st <span class=\"_ _2\"></span>of co<span class=\"_ _2\"></span>sts<span class=\"_ _2\"></span> direc<span class=\"_ _2\"></span>tl<span class=\"_ _2\"></span>y as<span class=\"_ _2\"></span>soci<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>d wit<span class=\"_ _2\"></span>h th<span class=\"_ _2\"></span>e oper<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n an<span class=\"_ _2\"></span>d mai<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e ta<span class=\"_ _2\"></span>nk co<span class=\"_ _2\"></span>ntai<span class=\"_ _2\"></span>ner<span class=\"_ _2\"></span>s. T<span class=\"_ _2\"></span>hes<span class=\"_ _2\"></span>e typ<span class=\"_ _2\"></span>es of<span class=\"_ _2\"></span> c<span class=\"_ _2\"></span>osts<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 ws7c\">i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>ude oce<span class=\"_ _2\"></span>an an<span class=\"_ _2\"></span>d inl<span class=\"_ _2\"></span>and </span></span>freight charges, <span class=\"ls49 wsaa\">rep<span class=\"_ _2\"></span>ositi<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ning<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>ank c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ainer<span class=\"_ _2\"></span>s,<span class=\"_ _2\"></span> tank<span class=\"_ _2\"></span> re<span class=\"_ _2\"></span>ntal<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>enses<span class=\"_ _2\"></span>, c<span class=\"_ _2\"></span>leani<span class=\"_ _2\"></span>ng c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s, <span class=\"_ _2\"></span><span class=\"ls54 ws70\">ancillary billable </span></span>costs (<span class=\"_ _2\"></span>ser<span class=\"_ _2\"></span>vice<span class=\"_ _2\"></span>s purc<span class=\"_ _2\"></span>hased<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> charg<span class=\"_ _2\"></span>ed<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">thro<span class=\"_ _2\"></span>ugh t<span class=\"_ _2\"></span>o cu<span class=\"_ _2\"></span>sto<span class=\"_ _2\"></span>mers<span class=\"_ _2\"></span>), m<span class=\"_ _2\"></span>aint<span class=\"_ _2\"></span>ena<span class=\"_ _2\"></span>nce a<span class=\"_ _2\"></span>nd r<span class=\"_ _2\"></span>epai<span class=\"_ _2\"></span>r c<span class=\"_ _2\"></span>osts<span class=\"_ _2\"></span>, </span></span>storage <span class=\"ls49 ws7c\">and othe<span class=\"_ _2\"></span>r move<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls48 ws72\">related <span class=\"ls30 wsab\">costs,<span class=\"_ _2\"></span> insu<span class=\"_ _2\"></span>rance<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> other<span class=\"_ _2\"></span> ope<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ng expe<span class=\"_ _2\"></span>nses (<span class=\"_ _2\"></span>for<span class=\"_ _2\"></span></span></span> <span class=\"ls54 ws75\">e<span class=\"_ _1\"></span>x<span class=\"_ _2\"></span>ample, depot </span></span></span>expenses,<span class=\"_ _2\"></span> agency fe<span class=\"_ _2\"></span>e<span class=\"ls49 wsaa\">s a<span class=\"_ _2\"></span>nd r<span class=\"_ _2\"></span>efurb<span class=\"_ _2\"></span>ishi<span class=\"_ _2\"></span>ng c<span class=\"_ _2\"></span>os<span class=\"_ _2\"></span>ts).</span><span class=\"ls49 wsaa\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>(iv)<span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">SSF</span>  </span>SSF operating <span class=\"_ _2\"></span>expenses include <span class=\"_ _2\"></span>production c<span class=\"_ _2\"></span>ost of goods<span class=\"_ _2\"></span> sold (<span class=\"_ _2\"></span><span class=\"ff99 ls1 ws0\">\u2018<span class=\"_ _1\"></span><span class=\"ff98 ls53 ws80\">P<span class=\"_ _2\"></span>COGS<span class=\"ff99 ls1 ws0\">\u2019</span><span class=\"ls57 ws74\">),<span class=\"_ _1\"></span> whi<span class=\"_ _1\"></span>ch are<span class=\"_ _1\"></span> cos<span class=\"_ _1\"></span>ts in<span class=\"_ _1\"></span>curr<span class=\"_ _1\"></span>ed for<span class=\"_ _1\"></span> </span></span></span>the p<span class=\"_ _2\"></span>rod<span class=\"_ _2\"></span>uctio<span class=\"_ _2\"></span>n of<span class=\"_ _2\"></span> ju<span class=\"_ _2\"></span>veni<span class=\"_ _2\"></span>le fi<span class=\"_ _2\"></span>sh<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> the s<span class=\"_ _2\"></span>ub<span class=\"_ _2\"></span>seque<span class=\"_ _2\"></span>nt gr<span class=\"_ _2\"></span>owi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> of j<span class=\"_ _2\"></span>uve<span class=\"_ _2\"></span>nile f<span class=\"_ _2\"></span>ish<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>o ad<span class=\"_ _2\"></span>ult f<span class=\"_ _2\"></span>is<span class=\"_ _2\"></span>h re<span class=\"_ _2\"></span>ady f<span class=\"_ _2\"></span>or mark<span class=\"_ _2\"></span>et. T<span class=\"_ _2\"></span>hes<span class=\"_ _2\"></span>e PCO<span class=\"_ _2\"></span>GS i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>ude<span class=\"_ _2\"></span> cost<span class=\"_ _2\"></span>s to p<span class=\"_ _2\"></span>rod<span class=\"_ _2\"></span>uce<span class=\"_ _2\"></span> egg<span class=\"_ _2\"></span>s for<span class=\"_ _2\"></span> fer<span class=\"_ _2\"></span>tili<span class=\"_ _2\"></span>sati<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n, o<span class=\"_ _2\"></span>nsit<span class=\"_ _2\"></span>e lab<span class=\"_ _2\"></span>our<span class=\"_ _2\"></span>/per<span class=\"_ _2\"></span>sonn<span class=\"_ _2\"></span>el c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s, feed cost<span class=\"_ _2\"></span>s, energy<span class=\"_ _2\"></span> cos<span class=\"ls49 wsaa\">t<span class=\"_ _2\"></span>s, co<span class=\"_ _2\"></span>ntr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span> gro<span class=\"_ _2\"></span>wer f<span class=\"_ _2\"></span>ees<span class=\"_ _2\"></span>, rep<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> mai<span class=\"_ _2\"></span>nten<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> cost<span class=\"_ _2\"></span>s, o<span class=\"_ _2\"></span>xyg<span class=\"_ _2\"></span>en c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd </span>veterinary<span class=\"_ _2\"></span> fees. <span class=\"ls4b ws77\">O<span class=\"_ _2\"></span>ther<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">costs included withi<span class=\"_ _2\"></span>n operating exp<span class=\"_ _2\"></span>enses are co<span class=\"_ _2\"></span>sts of fish p<span class=\"_ _2\"></span>urchased from <span class=\"_ _2\"></span>third </span></span></span>parti<span class=\"_ _2\"></span>es,<span class=\"_ _2\"></span> frei<span class=\"_ _2\"></span>ght<span class=\"_ _2\"></span> cost<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>o c<span class=\"_ _2\"></span>ustom<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>s, al<span class=\"_ _2\"></span>l pr<span class=\"_ _2\"></span>im<span class=\"_ _2\"></span>ary a<span class=\"_ _2\"></span>nd se<span class=\"_ _2\"></span>con<span class=\"_ _2\"></span>dar<span class=\"_ _2\"></span>y pr<span class=\"_ _2\"></span>oce<span class=\"_ _2\"></span>ssing<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> pac<span class=\"_ _2\"></span>kagi<span class=\"_ _2\"></span>ng c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s, distr<span class=\"_ _2\"></span>ib<span class=\"_ _2\"></span>utio<span class=\"_ _2\"></span>n and<span class=\"_ _2\"></span> ha<span class=\"_ _2\"></span>ndli<span class=\"_ _2\"></span>ng c<span class=\"_ _2\"></span>osts<span class=\"_ _2\"></span>, s<span class=\"_ _2\"></span>torag<span class=\"_ _2\"></span>e,<span class=\"_ _2\"></span> impo<span class=\"_ _2\"></span>rt d<span class=\"_ _2\"></span>utie<span class=\"_ _2\"></span>s,<span class=\"_ _2\"></span> inve<span class=\"_ _2\"></span>nto<span class=\"_ _2\"></span>ry w<span class=\"_ _2\"></span>rit<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\">-</span><span class=\"ws7c\">downs<span class=\"_ _2\"></span>, mort<span class=\"_ _2\"></span>alit<span class=\"_ _2\"></span>y los<span class=\"_ _2\"></span>ses a<span class=\"_ _2\"></span>nd </span>fair<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue mo<span class=\"_ _2\"></span>vem<span class=\"_ _2\"></span>ents.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>(v) St<span class=\"_ _2\"></span>olt<span class=\"ls1 ws0\">-<span class=\"ls4c wsaa\">Nielsen Gas</span> </span>S<span class=\"ls53 ws80\">tolt</span>-<span class=\"_ _1\"></span><span class=\"ff99 ls48 ws7d\">Ni<span class=\"_ _2\"></span>elsen Gas\u2019 <span class=\"ff98 ls49 wsaa\">op<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> expe<span class=\"_ _2\"></span>nses<span class=\"_ _2\"></span> <span class=\"ls2f ws2f\">include co<span class=\"_ _2\"></span>sts directly <span class=\"_ _2\"></span>associated wit<span class=\"_ _2\"></span>h <span class=\"ls54 ws83\">its<span class=\"ls1 ws0\"> </span>operation<span class=\"ls1 ws0\">s<span class=\"_ _1\"></span> a<span class=\"ls30 wsab\">s well a<span class=\"_ _2\"></span>s </span></span></span></span></span></span>the<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">maint<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>ance of<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he pr<span class=\"_ _2\"></span>ope<span class=\"_ _2\"></span>rty<span class=\"_ _2\"></span>, pl<span class=\"_ _2\"></span>ant a<span class=\"_ _2\"></span>nd eq<span class=\"_ _2\"></span>uip<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>ese<span class=\"_ _2\"></span> type<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>sts i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>e LN<span class=\"_ _2\"></span>G p<span class=\"_ _2\"></span>urc<span class=\"_ _2\"></span>hase<span class=\"_ _2\"></span>s, </span></span>transp<span class=\"_ _2\"></span>orta<span class=\"_ _2\"></span>tion c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s, <span class=\"ls48 ws32\">ship <span class=\"_ _2\"></span>operati<span class=\"_ _2\"></span>ng expen<span class=\"_ _2\"></span>ses, <span class=\"ls54 ws83\">depreciatio<span class=\"_ _2\"></span>n <span class=\"ls49 ws7c\">and amort<span class=\"_ _2\"></span>isat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> </span></span>and other <span class=\"_ _2\"></span>expens<span class=\"_ _2\"></span>es.<span class=\"ls1 ws0\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-689": {
   "value": "(i) Tan<span class=\"_ _2\"></span>kers<span class=\"ls1 ws0\">  </span>Tanke<span class=\"_ _2\"></span>rs<span class=\"ff99 ls1 ws0\">\u2019<span class=\"ff98\"> </span></span><span class=\"wsaa\">operati<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> expe<span class=\"_ _2\"></span>nses<span class=\"_ _2\"></span> incl<span class=\"_ _2\"></span>ude <span class=\"_ _2\"></span>co<span class=\"_ _2\"></span>sts d<span class=\"_ _2\"></span>irect<span class=\"_ _2\"></span>ly <span class=\"_ _2\"></span>asso<span class=\"_ _2\"></span>ciat<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>wit<span class=\"_ _2\"></span>h t<span class=\"_ _2\"></span>he op<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>mai<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> </span>the parc<span class=\"_ _2\"></span>el tanker<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">and bar<span class=\"_ _2\"></span>ge<span class=\"_ _2\"></span>s<span class=\"ls30 wsab\">. Th<span class=\"_ _2\"></span>ese</span></span> <span class=\"ls49 wsaa\">type<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> cost<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>e <span class=\"ls61 ws89\">tim<span class=\"_ _2\"></span>e</span></span> <span class=\"_ _1\"></span><span class=\"ls2f ws92\">c<span class=\"_ _2\"></span>harter costs,<span class=\"ls1 ws0\"> <span class=\"ls4b ws77\">the <span class=\"ls48 ws32\">service el<span class=\"_ _2\"></span>ement of<span class=\"_ _2\"></span> </span></span></span></span></span>leases,<span class=\"ls1 ws0\"> <span class=\"ls54 ws70\">bunker fuel costs, port costs, manning co<span class=\"_ _2\"></span>sts (for example, ship personnel and benefit<span class=\"_ _2\"></span>s), sublet </span></span>costs, repair <span class=\"_ _2\"></span><span class=\"ls49 ws78\">and<span class=\"ls1 ws0\"> </span><span class=\"wsaa\">mai<span class=\"_ _2\"></span>ntena<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>tan<span class=\"_ _2\"></span>kers<span class=\"_ _2\"></span>, co<span class=\"_ _2\"></span>mmis<span class=\"_ _2\"></span>sio<span class=\"_ _2\"></span>n exp<span class=\"_ _2\"></span>ense<span class=\"_ _2\"></span>s, b<span class=\"_ _2\"></span>argi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span></span>tr<span class=\"_ _2\"></span>an<span class=\"ls1 ws0\">s-<span class=\"_ _1\"></span><span class=\"ls54 ws83\">shipment<span class=\"ls1 ws0\"> <span class=\"ls4b ws77\">costs<span class=\"_ _2\"></span>, </span></span></span></span></span>canal<span class=\"_ _2\"></span> tra<span class=\"_ _2\"></span>nsi<span class=\"_ _2\"></span>t co<span class=\"_ _2\"></span>sts,<span class=\"_ _2\"></span> ins<span class=\"_ _2\"></span>ur<span class=\"_ _2\"></span>ance p<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>mium<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> ot<span class=\"_ _2\"></span>her s<span class=\"_ _2\"></span>hip<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span>owning<span class=\"_ _2\"></span> ex<span class=\"_ _2\"></span>pens<span class=\"_ _2\"></span>es (<span class=\"_ _2\"></span>for <span class=\"_ _2\"></span>exa<span class=\"_ _2\"></span>mple<span class=\"_ _2\"></span>, pr<span class=\"_ _2\"></span>ovi<span class=\"_ _2\"></span>sio<span class=\"_ _2\"></span>ns, ship supplies, cleaning<span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">and</span> <span class=\"ls2f ws2f\">cargo survey co<span class=\"_ _2\"></span>sts).</span> </span>(ii)<span class=\"ls1 ws0\"> <span class=\"ls46 ws6f\">Term<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>als</span>  </span>Terminals<span class=\"ff99 ls1 ws0\">\u2019<span class=\"ff98\"> <span class=\"_ _1\"></span>o<span class=\"ls49 wsaa\">perati<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>expe<span class=\"_ _2\"></span>nse<span class=\"_ _2\"></span>s c<span class=\"_ _2\"></span>onsi<span class=\"_ _2\"></span>st of<span class=\"_ _2\"></span> cos<span class=\"_ _2\"></span>ts <span class=\"_ _2\"></span>dire<span class=\"_ _2\"></span>ctl<span class=\"_ _2\"></span>y as<span class=\"_ _2\"></span>soci<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>d wit<span class=\"_ _2\"></span>h t<span class=\"_ _2\"></span>he op<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> </span></span></span>mai<span class=\"_ _2\"></span>ntena<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he te<span class=\"_ _2\"></span>rmi<span class=\"_ _2\"></span>nals.<span class=\"_ _2\"></span> Th<span class=\"_ _2\"></span>ese <span class=\"_ _2\"></span>type<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>costs<span class=\"_ _2\"></span> incl<span class=\"_ _2\"></span>ude <span class=\"ws78\">p<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>sonne<span class=\"_ _2\"></span>l<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">and employ<span class=\"_ _2\"></span>ee benef<span class=\"_ _2\"></span>it cost<span class=\"_ _2\"></span>s, </span></span></span>facilities and <span class=\"ws83\">u<span class=\"_ _1\"></span>tilities<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">(incl<span class=\"_ _2\"></span>udi<span class=\"_ _2\"></span>ng r<span class=\"_ _2\"></span>eal<span class=\"_ _2\"></span> est<span class=\"_ _2\"></span>ate t<span class=\"_ _2\"></span>axe<span class=\"_ _2\"></span>s)<span class=\"_ _2\"></span>, rai<span class=\"_ _2\"></span>l ex<span class=\"_ _2\"></span>pens<span class=\"_ _2\"></span>es<span class=\"_ _2\"></span>, ma<span class=\"_ _2\"></span>inte<span class=\"_ _2\"></span>nance<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> rep<span class=\"_ _2\"></span>air <span class=\"_ _2\"></span>co<span class=\"_ _2\"></span>sts, </span></span></span>regul<span class=\"_ _2\"></span>ato<span class=\"_ _2\"></span>ry <span class=\"ls30 ws52\">costs<span class=\"_ _2\"></span><span class=\"ls2f ws2f\">, storage co<span class=\"_ _2\"></span>sts and other <span class=\"_ _2\"></span>operating expen<span class=\"_ _2\"></span>ses (for <span class=\"_ _2\"></span>example, insurance<span class=\"_ _2\"></span>, <span class=\"ls48 ws72\">electric<span class=\"_ _2\"></span>ity, </span></span></span>surve<span class=\"_ _2\"></span>y c<span class=\"_ _2\"></span>osts<span class=\"_ _2\"></span>, cle<span class=\"_ _2\"></span>ani<span class=\"_ _2\"></span>ng, l<span class=\"_ _2\"></span>ine<span class=\"_ _2\"></span> ha<span class=\"_ _2\"></span>ul,<span class=\"_ _2\"></span> rail<span class=\"_ _2\"></span> cost<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span><span class=\"ws78\">and<span class=\"ls1 ws0\"> </span></span>tan<span class=\"_ _2\"></span>k car<span class=\"_ _2\"></span> <span class=\"ls4b ws77\">hir<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">costs).<span class=\"_ _2\"></span></span> </span></span>(iii) Tank Cont<span class=\"_ _2\"></span>ainers <span class=\"ls1 ws0\"> </span>Tank C<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ai<span class=\"_ _2\"></span>ners op<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ating<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>ses of<span class=\"_ _2\"></span> Ta<span class=\"_ _2\"></span>nk C<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ainer<span class=\"_ _2\"></span>s c<span class=\"_ _2\"></span>onsi<span class=\"_ _2\"></span>st <span class=\"_ _2\"></span>of co<span class=\"_ _2\"></span>sts<span class=\"_ _2\"></span> direc<span class=\"_ _2\"></span>tl<span class=\"_ _2\"></span>y as<span class=\"_ _2\"></span>soci<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>d wit<span class=\"_ _2\"></span>h th<span class=\"_ _2\"></span>e oper<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n an<span class=\"_ _2\"></span>d mai<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e ta<span class=\"_ _2\"></span>nk co<span class=\"_ _2\"></span>ntai<span class=\"_ _2\"></span>ner<span class=\"_ _2\"></span>s. T<span class=\"_ _2\"></span>hes<span class=\"_ _2\"></span>e typ<span class=\"_ _2\"></span>es of<span class=\"_ _2\"></span> c<span class=\"_ _2\"></span>osts<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 ws7c\">i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>ude oce<span class=\"_ _2\"></span>an an<span class=\"_ _2\"></span>d inl<span class=\"_ _2\"></span>and </span></span>freight charges, <span class=\"ls49 wsaa\">rep<span class=\"_ _2\"></span>ositi<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ning<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>ank c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ainer<span class=\"_ _2\"></span>s,<span class=\"_ _2\"></span> tank<span class=\"_ _2\"></span> re<span class=\"_ _2\"></span>ntal<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>enses<span class=\"_ _2\"></span>, c<span class=\"_ _2\"></span>leani<span class=\"_ _2\"></span>ng c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s, <span class=\"_ _2\"></span><span class=\"ls54 ws70\">ancillary billable </span></span>costs (<span class=\"_ _2\"></span>ser<span class=\"_ _2\"></span>vice<span class=\"_ _2\"></span>s purc<span class=\"_ _2\"></span>hased<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> charg<span class=\"_ _2\"></span>ed<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">thro<span class=\"_ _2\"></span>ugh t<span class=\"_ _2\"></span>o cu<span class=\"_ _2\"></span>sto<span class=\"_ _2\"></span>mers<span class=\"_ _2\"></span>), m<span class=\"_ _2\"></span>aint<span class=\"_ _2\"></span>ena<span class=\"_ _2\"></span>nce a<span class=\"_ _2\"></span>nd r<span class=\"_ _2\"></span>epai<span class=\"_ _2\"></span>r c<span class=\"_ _2\"></span>osts<span class=\"_ _2\"></span>, </span></span>storage <span class=\"ls49 ws7c\">and othe<span class=\"_ _2\"></span>r move<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls48 ws72\">related <span class=\"ls30 wsab\">costs,<span class=\"_ _2\"></span> insu<span class=\"_ _2\"></span>rance<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> other<span class=\"_ _2\"></span> ope<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ng expe<span class=\"_ _2\"></span>nses (<span class=\"_ _2\"></span>for<span class=\"_ _2\"></span></span></span> <span class=\"ls54 ws75\">e<span class=\"_ _1\"></span>x<span class=\"_ _2\"></span>ample, depot </span></span></span>expenses,<span class=\"_ _2\"></span> agency fe<span class=\"_ _2\"></span>e<span class=\"ls49 wsaa\">s a<span class=\"_ _2\"></span>nd r<span class=\"_ _2\"></span>efurb<span class=\"_ _2\"></span>ishi<span class=\"_ _2\"></span>ng c<span class=\"_ _2\"></span>os<span class=\"_ _2\"></span>ts).</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRepairsAndMaintenanceExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-641": {
   "value": "Operating expen<span class=\"_ _2\"></span>ses comprised <span class=\"_ _2\"></span>the followi<span class=\"_ _2\"></span>ng:<span class=\"ls1 ws0\"> </span><table class=\"s w151 h119\" id=\"_24b83571-3e16-4d5c-ac54-88adeed43c4d\"><tr><td></td><td class=\"c x2bd y2b7b w68 hb7\"><div class=\"t m0 x197 h82 y1f54 ff9f fs3b fc2 sc0 ls1 ws0\"> <span class=\"ls19 ws2d\"></span><span class=\"ls19 ws2d\">For</span> <span class=\"ls1a ws2e\">the</span> years end<span class=\"_ _2\"></span>ed November <span class=\"ls1b ws2f\">30</span> </div></td><td></td></tr><tr><td class=\"c x246 y2b7c w14a h102\"><div class=\"t m0 x245 h82 y29a6 ff9f fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2a3 h82 y29a7 ff9f fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x2a2 y2b7d w48 h83\"><div class=\"t m0 x177 h85 y1f57 ffa0 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b7d w20 h83\"><div class=\"t m0 x177 h82 y1f57 ff9f fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b7e w64 h86\"><div class=\"t m0 x0 h88 y1be8 ff9f fs3a fc2 sc0 ls24 ws3a\">Bunker fuel costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b7e w48 h86\"><div class=\"t m0 x180 h87 y1be8 ffa0 fs3a fc2 sc0 ls21 ws35\">327,<span class=\"_ _2\"></span>239<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b7e w20 h86\"><div class=\"t m0 x181 h88 y1be8 ff9f fs3a fc2 sc0 ls20 ws36\">364,197<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b7f w64 h8a\"><div class=\"t m0 x0 h88 y1c65 ff9f fs3a fc2 sc0 ls24 ws3a\">Ocean and inland freight charges<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b7f w48 h8a\"><div class=\"t m0 x180 h87 y1c65 ffa0 fs3a fc2 sc0 ls21 ws35\">256,<span class=\"_ _2\"></span>110<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b7f w20 h8a\"><div class=\"t m0 x181 h88 y1c65 ff9f fs3a fc2 sc0 ls20 ws36\">273,553<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b80 w64 h86\"><div class=\"t m0 x0 h88 y1bef ff9f fs3a fc2 sc0 ls2a ws5a\">Opera<span class=\"_ _2\"></span>ting e<span class=\"_ _2\"></span><span class=\"ls20 ws36\">mploye<span class=\"_ _2\"></span>e<span class=\"ffa1 ls2e ws5c\">s\u2019</span><span class=\"ls1 ws0\"> <span class=\"ls24 ws3a\">personnel and <span class=\"ls26 ws3d\">benefit expens<span class=\"_ _1\"></span>es</span></span></span></span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"><span class=\"ls26 ws3d\"><span class=\"ls1 ws0\"> </span></span></span></span></span></div></td><td class=\"c x2a2 y2b80 w48 h86\"><div class=\"t m0 x180 h87 y1bef ffa0 fs3a fc2 sc0 ls21 ws35\">246,<span class=\"_ _2\"></span>682<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b80 w20 h86\"><div class=\"t m0 x181 h88 y1bef ff9f fs3a fc2 sc0 ls20 ws36\">220,398<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b81 w64 h86\"><div class=\"t m0 x0 h88 y1bf4 ff9f fs3a fc2 sc0 ls26 ws3d\">Charter and leas<span class=\"_ _1\"></span>e expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b81 w48 h86\"><div class=\"t m0 x180 h87 y1bf4 ffa0 fs3a fc2 sc0 ls21 ws35\">231,<span class=\"_ _2\"></span>161<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b81 w20 h86\"><div class=\"t m0 x181 h88 y1bf4 ff9f fs3a fc2 sc0 ls20 ws36\">353,172<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b82 w64 h8a\"><div class=\"t m0 x0 h88 y1c3f ff9f fs3a fc2 sc0 ls22 ws37\">Port charges<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b82 w48 h8a\"><div class=\"t m0 x180 h87 y1c3f ffa0 fs3a fc2 sc0 ls21 ws35\">170,<span class=\"_ _2\"></span>323<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b82 w20 h8a\"><div class=\"t m0 x181 h88 y1c3f ff9f fs3a fc2 sc0 ls20 ws36\">149,288<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b83 w64 h8b\"><div class=\"t m0 x0 h88 y1f5f ff9f fs3a fc2 sc0 ls2e ws4c\">Maintenance an<span class=\"_ _2\"></span>d repairs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b83 w48 h8b\"><div class=\"t m0 x179 h87 y1f5f ffa0 fs3a fc2 sc0 ls23 ws39\">80,042<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b83 w20 h8b\"><div class=\"t m0 x183 h88 y1f5f ff9f fs3a fc2 sc0 ls20 ws36\">72,617<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b84 w64 h86\"><div class=\"t m0 x0 h88 y1bef ff9f fs3a fc2 sc0 ls29 ws42\">Tank cont<span class=\"_ _2\"></span>ainer ancillar<span class=\"_ _2\"></span>y billable<span class=\"_ _2\"></span> costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b84 w48 h86\"><div class=\"t m0 x179 h87 y1bef ffa0 fs3a fc2 sc0 ls23 ws39\">47,688<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b84 w20 h86\"><div class=\"t m0 x183 h88 y1bef ff9f fs3a fc2 sc0 ls20 ws36\">40,011<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b85 w64 h8a\"><div class=\"t m0 x0 h88 y1bff ff9f fs3a fc2 sc0 ls23 ws4b\">Cleanin<span class=\"_ _1\"></span>g costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b85 w48 h8a\"><div class=\"t m0 x179 h87 y1bff ffa0 fs3a fc2 sc0 ls23 ws39\">45,654<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b85 w20 h8a\"><div class=\"t m0 x183 h88 y1bff ff9f fs3a fc2 sc0 ls20 ws36\">47,643<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b86 w64 h86\"><div class=\"t m0 x0 h88 y1bfa ff9f fs3a fc2 sc0 ls24 ws3b\">Insurance<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b86 w48 h86\"><div class=\"t m0 x179 h87 y1bfa ffa0 fs3a fc2 sc0 ls23 ws39\">41,874<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b86 w20 h86\"><div class=\"t m0 x183 h88 y1bfa ff9f fs3a fc2 sc0 ls20 ws36\">37,746<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b87 w64 h86\"><div class=\"t m0 x0 h88 y1bf8 ff9f fs3a fc2 sc0 ls26 ws3d\">Expenses rela<span class=\"_ _1\"></span>ted to <span class=\"ls1 ws0\">b<span class=\"ls29 ws42\">iological asset<span class=\"_ _2\"></span>s</span></span><span class=\"ls1 ws0\"><span class=\"ls29 ws42\"> <span class=\"_ _2\"></span></span> </span></div></td><td class=\"c x2a2 y2b87 w48 h86\"><div class=\"t m0 x179 h87 y1bf8 ffa0 fs3a fc2 sc0 ls23 ws39\">40,233<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b87 w20 h86\"><div class=\"t m0 x183 h88 y1bf8 ff9f fs3a fc2 sc0 ls20 ws36\">40,015<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b88 w64 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff9f fs3a fc2 sc0 ls26 ws3d\">Service elemen<span class=\"_ _1\"></span>t of leases<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b88 w48 h8a\"><div class=\"t m0 x179 h87 y1bf6 ffa0 fs3a fc2 sc0 ls23 ws39\">39,715<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b88 w20 h8a\"><div class=\"t m0 x183 h88 y1bf6 ff9f fs3a fc2 sc0 ls20 ws36\">24,864<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b89 w64 h86\"><div class=\"t m0 x0 h88 y1c05 ff9f fs3a fc2 sc0 ls29 ws42\">Ship supplies an<span class=\"_ _2\"></span>d pro<span class=\"_ _2\"></span>visions<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b89 w48 h86\"><div class=\"t m0 x179 h87 y1c05 ffa0 fs3a fc2 sc0 ls23 ws39\">35,294<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b89 w20 h86\"><div class=\"t m0 x183 h88 y1c05 ff9f fs3a fc2 sc0 ls20 ws36\">32,404<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b8a w64 h86\"><div class=\"t m0 x0 h88 y1bde ff9f fs3a fc2 sc0 ls24 ws3a\">Repositioning of tank containers<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b8a w48 h86\"><div class=\"t m0 x179 h87 y1bde ffa0 fs3a fc2 sc0 ls23 ws39\">33,467<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b8a w20 h86\"><div class=\"t m0 x183 h88 y1bde ff9f fs3a fc2 sc0 ls20 ws36\">33,586<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b8b w64 h8a\"><div class=\"t m0 x0 h88 y1c2d ff9f fs3a fc2 sc0 ls22 ws37\">Storage and<span class=\"_ _1\"></span> other tank container m<span class=\"_ _1\"></span>ove<span class=\"ls1 ws0\">-<span class=\"ls23 ws4b\">rela<span class=\"_ _1\"></span>ted costs</span></span><span class=\"ls1 ws0\"><span class=\"ls23 ws4b\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2a2 y2b8b w48 h8a\"><div class=\"t m0 x179 h87 y1c2d ffa0 fs3a fc2 sc0 ls23 ws39\">28,841<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b8b w20 h8a\"><div class=\"t m0 x183 h88 y1c2d ff9f fs3a fc2 sc0 ls20 ws36\">26,869<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b8c w64 h86\"><div class=\"t m0 x0 h88 y1bde ff9f fs3a fc2 sc0 ls29 ws42\">Facilities an<span class=\"_ _2\"></span>d utilitie<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b8c w48 h86\"><div class=\"t m0 x179 h87 y1bde ffa0 fs3a fc2 sc0 ls21 ws35\">33,<span class=\"ls1 ws0\">9<span class=\"ls66 ws9d\">41</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b8c w20 h86\"><div class=\"t m0 x183 h88 y1bde ff9f fs3a fc2 sc0 ls20 ws36\">33,035<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b8d w64 h86\"><div class=\"t m0 x0 h88 y1be4 ff9f fs3a fc2 sc0 ls22 ws37\">Cost of LNG p<span class=\"_ _1\"></span>urchased<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b8d w48 h86\"><div class=\"t m0 x179 h87 y1be4 ffa0 fs3a fc2 sc0 ls23 ws39\">25,541<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b8d w20 h86\"><div class=\"t m0 x2d h88 y1be4 ffa1 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff9f\"> </span></div></td></tr><tr><td class=\"c x24b y2b8e w64 h8a\"><div class=\"t m0 x0 h88 y1be6 ff9f fs3a fc2 sc0 ls2a ws45\">Commis<span class=\"_ _2\"></span>sion<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b8e w48 h8a\"><div class=\"t m0 x179 h87 y1be6 ffa0 fs3a fc2 sc0 ls23 ws39\">22,883<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b8e w20 h8a\"><div class=\"t m0 x183 h88 y1be6 ff9f fs3a fc2 sc0 ls20 ws36\">38,258<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b8f w64 h8b\"><div class=\"t m0 x0 h88 y1be4 ff9f fs3a fc2 sc0 ls24 ws3a\">Owning costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b8f w48 h8b\"><div class=\"t m0 x179 h87 y1be4 ffa0 fs3a fc2 sc0 ls23 ws39\">12,891<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b8f w20 h8b\"><div class=\"t m0 x184 h88 y1be4 ff9f fs3a fc2 sc0 ls20 ws36\">9,084<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b90 w64 h86\"><div class=\"t m0 x0 h88 y1be2 ff9f fs3a fc2 sc0 ls22 ws37\">Voyag<span class=\"_ _1\"></span>e costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b90 w48 h86\"><div class=\"t m0 x179 h87 y1be2 ffa0 fs3a fc2 sc0 ls23 ws39\">12,248<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b90 w20 h86\"><div class=\"t m0 x183 h88 y1be2 ff9f fs3a fc2 sc0 ls20 ws36\">18,742<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b91 w64 h8a\"><div class=\"t m0 x0 h88 y1c18 ff9f fs3a fc2 sc0 ls22 ws37\">Regulatory<span class=\"_ _1\"></span> costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b91 w48 h8a\"><div class=\"t m0 x185 h87 y1c18 ffa0 fs3a fc2 sc0 ls21 ws35\">7,12<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b91 w20 h8a\"><div class=\"t m0 x184 h88 y1c18 ff9f fs3a fc2 sc0 ls20 ws36\">7,030<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b92 w64 h86\"><div class=\"t m0 x0 h88 y1bea ff9f fs3a fc2 sc0 ls24 ws3a\">Packing expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b92 w48 h86\"><div class=\"t m0 x185 h87 y1bea ffa0 fs3a fc2 sc0 ls21 ws35\">7,04<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b92 w20 h86\"><div class=\"t m0 x184 h88 y1bea ff9f fs3a fc2 sc0 ls20 ws36\">7,721<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b93 w64 h86\"><div class=\"t m0 x0 h88 y1be8 ff9f fs3a fc2 sc0 ls2e ws4c\">Barging and tran<span class=\"ls1 ws0\">s-<span class=\"ls2a ws45\">shipment<span class=\"_ _2\"></span>s</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b93 w48 h86\"><div class=\"t m0 x185 h87 y1be8 ffa0 fs3a fc2 sc0 ls21 ws35\">6,48<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b93 w20 h86\"><div class=\"t m0 x184 h88 y1be8 ff9f fs3a fc2 sc0 ls20 ws36\">6,669<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b94 w64 h8a\"><div class=\"t m0 x0 h88 y1c65 ff9f fs3a fc2 sc0 ls26 ws3d\">Rail expenses<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b94 w48 h8a\"><div class=\"t m0 x185 h87 y1c65 ffa0 fs3a fc2 sc0 ls21 ws35\">5,12<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b94 w20 h8a\"><div class=\"t m0 x184 h88 y1c65 ff9f fs3a fc2 sc0 ls20 ws36\">5,643<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b95 w64 h86\"><div class=\"t m0 x0 h88 y1be8 ff9f fs3a fc2 sc0 ls29 ws42\">Biological asset<span class=\"_ _2\"></span>s market<span class=\"_ _2\"></span> valuatio<span class=\"_ _2\"></span>n adjustment<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b95 w25 h86\"><div class=\"t m0 x181 h87 y1be8 ffa0 fs3a fc2 sc0 ls21 ws35\">(12,6<span class=\"_ _2\"></span>07)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b95 w20 h86\"><div class=\"t m0 x1a0 h88 y1be8 ff9f fs3a fc2 sc0 ls20 ws36\">699<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b96 w64 h86\"><div class=\"t m0 x0 h88 y1bf4 ff9f fs3a fc2 sc0 ls26 ws3d\">Other expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b96 w48 h86\"><div class=\"t m0 x185 h87 y1bf4 ffa0 fs3a fc2 sc0 ls21 ws35\">1,36<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b96 w20 h86\"><div class=\"t m0 x184 h88 y1bf4 ff9f fs3a fc2 sc0 ls20 ws36\">7,766<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b97 w64 h8c\"><div class=\"t m0 x0 h87 y1c3f ffa0 fs3a fc2 sc0 ls2c ws5a\">Total operating e<span class=\"_ _1\"></span>xpenses<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b97 w48 h8c\"><div class=\"t m0 x17a h87 y1c3f ffa0 fs3a fc2 sc0 ls21 ws35\">1,74<span class=\"_ _2\"></span>6,370<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b97 w20 h8c\"><div class=\"t m0 x17b h88 y1c3f ff9f fs3a fc2 sc0 ls20 ws36\">1,851,010<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>26. Provisions  Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span>A pro<span class=\"_ _2\"></span>visi<span class=\"_ _2\"></span>on i<span class=\"_ _2\"></span>s rec<span class=\"_ _2\"></span>og<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d i<span class=\"_ _2\"></span>n the b<span class=\"_ _2\"></span>ala<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> she<span class=\"_ _2\"></span>et <span class=\"_ _2\"></span>when <span class=\"_ _2\"></span>the G<span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span>up ha<span class=\"_ _2\"></span>s a p<span class=\"_ _2\"></span>res<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> leg<span class=\"_ _2\"></span>al o<span class=\"_ _2\"></span>r co<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ucti<span class=\"_ _2\"></span>ve obligation as a result of a p<span class=\"_ _2\"></span>ast event, and it is prob<span class=\"_ _2\"></span>able that an outflow of economic benefits will<span class=\"_ _2\"></span> be requi<span class=\"_ _2\"></span>red t<span class=\"_ _2\"></span>o settl<span class=\"_ _2\"></span>e t<span class=\"_ _2\"></span>he obli<span class=\"_ _2\"></span>gati<span class=\"_ _2\"></span>on.<span class=\"_ _2\"></span> Provi<span class=\"_ _2\"></span>sio<span class=\"_ _2\"></span>ns ar<span class=\"_ _2\"></span>e meas<span class=\"_ _2\"></span><span class=\"ff1d4 ls61 wsac\">ured at m<span class=\"_ _2\"></span>anagement\u2019s best estimate of<span class=\"_ _2\"></span> the </span>expenditur<span class=\"_ _2\"></span>e requir<span class=\"_ _2\"></span>ed to <span class=\"_ _2\"></span>settle t<span class=\"_ _2\"></span>he obligati<span class=\"_ _2\"></span>on at t<span class=\"_ _2\"></span>he bal<span class=\"_ _2\"></span>ance sheet<span class=\"_ _2\"></span> date. I<span class=\"_ _2\"></span>f the eff<span class=\"_ _2\"></span>ect is<span class=\"_ _2\"></span> materi<span class=\"_ _2\"></span>al, provi<span class=\"_ _2\"></span>sio<span class=\"_ _2\"></span>ns <span class=\"_ _2\"></span>are r<span class=\"_ _2\"></span>eco<span class=\"_ _2\"></span>gnis<span class=\"_ _2\"></span>ed at<span class=\"_ _2\"></span> pre<span class=\"_ _2\"></span>se<span class=\"_ _2\"></span>nt v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> by d<span class=\"_ _2\"></span>isc<span class=\"_ _2\"></span>ounti<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> the e<span class=\"_ _2\"></span>xp<span class=\"_ _2\"></span>ect<span class=\"_ _2\"></span>ed fu<span class=\"_ _2\"></span>tur<span class=\"_ _2\"></span>e cas<span class=\"_ _2\"></span>h fl<span class=\"_ _2\"></span>ows <span class=\"_ _2\"></span>at <span class=\"_ _2\"></span>a <span class=\"ls1 ws0\"> </span>pre<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls49 wsaa\">t<span class=\"_ _2\"></span>ax r<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> r<span class=\"ls48 ws32\">ef<span class=\"_ _2\"></span>lects t<span class=\"_ _2\"></span>he time <span class=\"_ _2\"></span>value of <span class=\"_ _2\"></span>money. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span>When<span class=\"_ _2\"></span> a c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>act b<span class=\"_ _2\"></span>eco<span class=\"_ _2\"></span>mes <span class=\"_ _2\"></span>oner<span class=\"_ _2\"></span>ous<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> pre<span class=\"_ _2\"></span>sen<span class=\"_ _2\"></span>t obli<span class=\"_ _2\"></span>gat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> unde<span class=\"_ _2\"></span>r t<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span> is r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nis<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>as a provi<span class=\"_ _2\"></span>sio<span class=\"_ _2\"></span>n a<span class=\"_ _2\"></span>nd me<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>ed at<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e lo<span class=\"_ _2\"></span>wer <span class=\"_ _2\"></span>of<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">the expect<span class=\"_ _2\"></span>ed cost<span class=\"_ _2\"></span> of f<span class=\"_ _2\"></span>ulfilli<span class=\"_ _2\"></span>ng the co<span class=\"_ _2\"></span>ntract <span class=\"_ _2\"></span>and the <span class=\"_ _2\"></span>expected </span></span>cost of t<span class=\"_ _2\"></span>erminati<span class=\"_ _2\"></span>ng the co<span class=\"_ _2\"></span>ntract<span class=\"_ _2\"></span> as far <span class=\"_ _2\"></span>as they e<span class=\"_ _2\"></span>xceed th<span class=\"_ _2\"></span>e expected<span class=\"_ _2\"></span> econo<span class=\"_ _2\"></span>mic benefit<span class=\"_ _2\"></span>s of t<span class=\"_ _2\"></span>he cont<span class=\"_ _2\"></span>ract.<span class=\"_ _2\"></span> Add<span class=\"_ _2\"></span>iti<span class=\"_ _2\"></span>ons t<span class=\"_ _2\"></span>o pr<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>visi<span class=\"_ _2\"></span>ons <span class=\"_ _2\"></span>and re<span class=\"_ _2\"></span>ver<span class=\"_ _2\"></span>sals<span class=\"_ _2\"></span> ar<span class=\"_ _2\"></span>e ge<span class=\"_ _2\"></span>neral<span class=\"_ _2\"></span>ly r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he Co<span class=\"_ _2\"></span>nsoli<span class=\"_ _2\"></span>dat<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Inco<span class=\"_ _2\"></span>me St<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The present<span class=\"_ _2\"></span> value <span class=\"_ _2\"></span>of the <span class=\"_ _2\"></span>recogni<span class=\"_ _2\"></span>sed oblig<span class=\"_ _2\"></span>ations <span class=\"_ _2\"></span>associat<span class=\"_ _2\"></span>ed with<span class=\"_ _2\"></span> the retir<span class=\"_ _2\"></span>ement <span class=\"_ _2\"></span>of propert<span class=\"_ _2\"></span>y, <span class=\"ls1 ws0\"> </span>plant<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> eq<span class=\"_ _2\"></span>uipme<span class=\"_ _2\"></span>nt (<span class=\"_ _2\"></span>asse<span class=\"_ _2\"></span>t r<span class=\"_ _2\"></span>etir<span class=\"_ _2\"></span>em<span class=\"_ _2\"></span>ent ob<span class=\"_ _2\"></span>lig<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ons)<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>at r<span class=\"_ _2\"></span>esult<span class=\"_ _2\"></span> fr<span class=\"_ _2\"></span>om t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>acqui<span class=\"_ _2\"></span>siti<span class=\"_ _2\"></span>on, <span class=\"_ _2\"></span>co<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ucti<span class=\"_ _2\"></span>on,<span class=\"_ _2\"></span> devel<span class=\"_ _2\"></span>opme<span class=\"_ _2\"></span>nt <span class=\"_ _2\"></span>or n<span class=\"_ _2\"></span>orm<span class=\"_ _2\"></span>al use<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>an<span class=\"_ _2\"></span> asset<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> ad<span class=\"_ _2\"></span>ded<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>arryi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nt o<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">related a<span class=\"_ _2\"></span>sset. T<span class=\"_ _2\"></span>he </span></span>additional carrying<span class=\"_ _2\"></span> amount is dep<span class=\"_ _2\"></span>reciated <span class=\"_ _2\"></span>over the useful<span class=\"_ _2\"></span> life of t<span class=\"_ _2\"></span>he related a<span class=\"_ _2\"></span>sset. Additio<span class=\"_ _2\"></span>ns to and reductions from<span class=\"_ _2\"></span> the<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">prese<span class=\"_ _2\"></span>nt v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> of a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span> reti<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> obl<span class=\"_ _2\"></span>ig<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>ns t<span class=\"_ _2\"></span>hat r<span class=\"_ _2\"></span>esul<span class=\"_ _2\"></span>t f<span class=\"_ _2\"></span>rom c<span class=\"_ _2\"></span>ha<span class=\"_ _2\"></span>nges i<span class=\"_ _2\"></span>n </span></span>estim<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> ge<span class=\"_ _2\"></span>ner<span class=\"_ _2\"></span>ally r<span class=\"_ _2\"></span>eco<span class=\"_ _2\"></span>gni<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> by <span class=\"_ _2\"></span>adju<span class=\"_ _2\"></span>stin<span class=\"_ _2\"></span>g t<span class=\"_ _2\"></span>he car<span class=\"_ _2\"></span>ryi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>amount<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>et <span class=\"_ _2\"></span>and provision. If the <span class=\"_ _2\"></span>asset retirement obligation is<span class=\"_ _2\"></span> settled for <span class=\"_ _2\"></span>other than the carrying <span class=\"_ _2\"></span>amount of the liabilit<span class=\"_ _2\"></span>y, the<span class=\"ls1 ws0\"> <span class=\"ls49 ws7c\">Comp<span class=\"_ _2\"></span>any re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>s a gai<span class=\"_ _2\"></span>n or lo<span class=\"_ _2\"></span>ss on set<span class=\"_ _2\"></span>tlem<span class=\"_ _2\"></span>ent.<span class=\"_ _2\"></span></span> </span>A provision is established for obli<span class=\"_ _2\"></span>gations under lease agreements to dismantle and/or restore le<span class=\"_ _2\"></span>ased property to its original condition. Sho<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls56 wsbf\">ter<span class=\"_ _2\"></span>m provi<span class=\"_ _2\"></span>sions<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span><table class=\"s w1c1 h16a\" id=\"_8c894582-26ca-4794-a67b-4c8029598af2\"><tr><td></td><td class=\"c x3c9 y2f1a w1c2 h10c\"><div class=\"t m0 x245 h82 y2e0b ff1d5 fs3b fc2 sc0 ls2d ws4a\">Claims<span class=\"_ _195\"> </span></div></td><td class=\"c x3cb y2f1a w1c3 h10c\"><div class=\"t m0 x245 h82 y2e0b ff1d5 fs3b fc2 sc0 ls1 ws0\">E<span class=\"_ _195\"> </span></div><div class=\"t m0 x3ca h82 y2e0b ff1d5 fs3b fc2 sc0 ls1 ws0\">nvironmental<span class=\"_ _195\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x246 y2f1b w150 h10c\"><div class=\"t m0 x245 h82 y2e0b ff1d5 fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2b9 h82 y2e0b ff1d5 fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x3cc y2f1c w1c4 h10c\"><div class=\"t m0 x245 h82 y2e0b ff1d5 fs3b fc2 sc0 ls1 ws0\">provision<span class=\"_ _195\"> </span></div></td><td class=\"c x3cd y2f1c w1c4 h10c\"><div class=\"t m0 x245 h82 y2e0b ff1d5 fs3b fc2 sc0 ls1 ws0\">provision<span class=\"_ _195\"> </span></div></td><td class=\"c x3ac y2f1d we9 hb6\"><div class=\"t m0 xd2 h82 y2307 ff1d5 fs3b fc2 sc0 ls1 ws0\">Restructuring </div></td><td class=\"c x3ce y2f1d wec hb6\"><div class=\"t m0 x18f h85 y2307 ff1d2 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2f1e wea h86\"><div class=\"t m0 x0 h87 y1bef ff1d2 fs3a fc2 sc0 ls1f ws33\">Balan<span class=\"_ _2\"></span>ce at Decemb<span class=\"_ _2\"></span>er 1, 202<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3cf y2f1e web h86\"><div class=\"t m0 x179 h87 y1bef ff1d2 fs3a fc2 sc0 ls21 ws35\">404<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3d0 y2f1e w27 h86\"><div class=\"t m0 x18f h87 y1bef ff1d2 fs3a fc2 sc0 ls21 ws35\">117<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ac y2f1e we9 h86\"><div class=\"t m0 x188 h87 y1bef ff1d6 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff1d2\"> </span></div></td><td class=\"c x3ce y2f1e wec h86\"><div class=\"t m0 x179 h87 y1bef ff1d2 fs3a fc2 sc0 ls21 ws35\">521<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f1f wea ha1\"><div class=\"t m0 x0 h88 y1c4c ff1d5 fs3a fc2 sc0 ls26 ws3d\">Reversal (<span class=\"_ _1\"></span>a<span class=\"ls29 ws44\">ddit<span class=\"_ _2\"></span>ional</span><span class=\"ls29 ws44\"><span class=\"ls8b ws38\">) <span class=\"ls22 ws37\">p<span class=\"_ _1\"></span>rovisions recognised<span class=\"_ _1\"></span><span class=\"ls24 ws3a\">, net<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span></div></td><td class=\"c x3cf y2f1f wed ha1\"><div class=\"t m0 x183 h88 y1c4c ff1d5 fs3a fc2 sc0 ls20 ws36\">(29)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3d0 y2f1f wee ha1\"><div class=\"t m0 x179 h88 y1c4c ff1d5 fs3a fc2 sc0 ls20 ws36\">(62)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ac y2f1f we9 ha1\"><div class=\"t m0 x179 h88 y1c4c ff1d5 fs3a fc2 sc0 ls20 ws36\">195<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ce y2f1f wec ha1\"><div class=\"t m0 x179 h88 y1c4c ff1d5 fs3a fc2 sc0 ls20 ws36\">104<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f20 wea h8a\"><div class=\"t m0 x0 h88 y1c3f ff1d5 fs3a fc2 sc0 ls22 ws37\">Reductions a<span class=\"_ _1\"></span>rising from pa<span class=\"_ _1\"></span>yments<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3cf y2f20 wed h8a\"><div class=\"t m0 x181 h88 y1c3f ff1d5 fs3a fc2 sc0 ls20 ws36\">(129)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3d0 y2f20 wee h8a\"><div class=\"t m0 x181 h88 y1c3f ff1d5 fs3a fc2 sc0 ls20 ws36\">(113)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ac y2f20 we9 h8a\"><div class=\"t m0 x47 h88 y1c3f ff1d7 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1d5\"> </span></div></td><td class=\"c x3ce y2f20 wef h8a\"><div class=\"t m0 x181 h88 y1c3f ff1d5 fs3a fc2 sc0 ls20 ws36\">(242)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f21 wea h86\"><div class=\"t m0 x0 h88 y1bf8 ff1d5 fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3cf y2f21 web h86\"><div class=\"t m0 x185 h88 y1bf8 ff1d5 fs3a fc2 sc0 ls20 ws36\">23<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3d0 y2f21 w27 h86\"><div class=\"t m0 x182 h88 y1bf8 ff1d5 fs3a fc2 sc0 ls20 ws36\">58<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ac y2f21 we9 h86\"><div class=\"t m0 x47 h88 y1bf8 ff1d7 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1d5\"> </span></div></td><td class=\"c x3ce y2f21 wec h86\"><div class=\"t m0 x185 h88 y1bf8 ff1d5 fs3a fc2 sc0 ls20 ws36\">81<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2941 wea h86\"><div class=\"t m0 x0 h87 y1bfa ff1d2 fs3a fc2 sc0 ls23 wsc7\">Balance<span class=\"_ _1\"></span> at Nove<span class=\"_ _1\"></span>mber 30, 2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3cf y2941 web h86\"><div class=\"t m0 x179 h87 y1bfa ff1d2 fs3a fc2 sc0 ls21 ws35\">269<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3d0 y2941 w27 h86\"><div class=\"t m0 x47 h87 y1bfa ff1d6 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff1d2\"> </span></div></td><td class=\"c x3ac y2941 we9 h86\"><div class=\"t m0 x179 h87 y1bfa ff1d2 fs3a fc2 sc0 ls21 ws35\">195<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ce y2941 wec h86\"><div class=\"t m0 x179 h87 y1bfa ff1d2 fs3a fc2 sc0 ls21 ws35\">464<span class=\"ls1 ws0\"> </span></div></td></tr></table>The claims pr<span class=\"_ _2\"></span>ovision <span class=\"ls30 ws4f\">is<span class=\"_ _2\"></span> in rel<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n to<span class=\"ls1 ws0\"> <span class=\"ls47 ws71\">sho<span class=\"_ _1\"></span>rt<span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">term cl<span class=\"_ _2\"></span>aims m<span class=\"_ _2\"></span>ade<span class=\"_ _2\"></span> aga<span class=\"_ _2\"></span>inst t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup b<span class=\"_ _2\"></span>y e<span class=\"_ _2\"></span>xtern<span class=\"_ _2\"></span>al p<span class=\"_ _2\"></span>arties<span class=\"_ _2\"></span>. </span></span></span></span></span>See below und<span class=\"_ _2\"></span>er Long<span class=\"ls1 ws0\">-</span>term provision<span class=\"_ _2\"></span>s.<span class=\"ls1 ws0\"> </span>The <span class=\"ls30 ws52\">restruct<span class=\"_ _2\"></span>uring<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">p<span class=\"_ _2\"></span>rovi<span class=\"_ _2\"></span>sion<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">re<span class=\"_ _2\"></span>late<span class=\"_ _2\"></span><span class=\"ls1 ws0\">s<span class=\"_ _1\"></span> <span class=\"ls4a ws76\">to <span class=\"ls30 ws50\">severanc<span class=\"_ _2\"></span>e p<span class=\"_ _2\"></span>aymen<span class=\"_ _2\"></span>ts. <span class=\"_ _2\"></span></span></span> </span></span></span></span></span></span>Long<span class=\"ls1 ws0\">-</span><span class=\"wsbf\">term p<span class=\"_ _2\"></span>rovisions<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span><table class=\"s w16b h16b\" id=\"_f0844006-3285-45ab-841d-52e12725b606\"><tr><td></td><td></td><td class=\"c x3d1 y2f22 we9 hec\"><div class=\"t m0 x187 h82 y262e ff1d5 fs3b fc2 sc0 ls1d ws31\">Asset </div></td><td></td><td></td></tr><tr><td></td><td class=\"c x3d3 y2f23 w1c5 h103\"><div class=\"t m0 x245 h82 y29a6 ff1d5 fs3b fc2 sc0 ls1 ws0\">E<span class=\"_ _195\"> </span></div><div class=\"t m0 x3d2 h82 y29a6 ff1d5 fs3b fc2 sc0 ls1 ws0\">nvironmental<span class=\"_ _195\"> </span></div></td><td class=\"c x3d5 y2f23 w1c6 h103\"><div class=\"t m0 x245 h82 y29a6 ff1d5 fs3b fc2 sc0 ls1 ws0\">r<span class=\"_ _195\"> </span></div><div class=\"t m0 x3d4 h82 y29a6 ff1d5 fs3b fc2 sc0 ls1 ws0\">etirement<span class=\"_ _195\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x246 y2f24 w170 h103\"><div class=\"t m0 x245 h82 y29a6 ff1d5 fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2f3 h82 y29a6 ff1d5 fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x3d6 h82 y2f25 ff1d5 fs3b fc2 sc0 ls1 ws0\">provision<span class=\"_ _195\"> </span></td><td class=\"c x3d8 y2f26 w1c7 h103\"><div class=\"t m0 x245 h82 y29a6 ff1d5 fs3b fc2 sc0 ls1 ws0\">o<span class=\"_ _195\"> </span></div><div class=\"t m0 x3d7 h82 y29a6 ff1d5 fs3b fc2 sc0 ls2d ws4a\">bligation<span class=\"_ _2\"></span>s<span class=\"_ _195\"> </span></div></td><td class=\"c x3bc y2f22 wf1 hec\"><div class=\"t m0 x1a6 h82 y22db ff1d5 fs3b fc2 sc0 ls2d ws4a\">Claims<span class=\"ls1 ws0\"> provision</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3d9 y2f22 wf2 hec\"><div class=\"t m0 x180 h85 y22db ff1d2 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x241 y2f27 wf0 h8a\"><div class=\"t m0 x0 h87 y1bf6 ff1d2 fs3a fc2 sc0 ls2e ws6e\">Balance at <span class=\"ls1f ws3e\">Decemb<span class=\"_ _2\"></span>er 1<span class=\"ls2a wse3\">, 20<span class=\"ls66 ws9d\">24</span></span></span><span class=\"ls1f ws3e\"><span class=\"ls2a wse3\"><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></span></span></div></td><td class=\"c x3bd y2f27 w36 h8a\"><div class=\"t m0 x1a0 h87 y1bf6 ff1d6 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff1d2\"> </span></div></td><td class=\"c x3d1 y2f27 we9 h8a\"><div class=\"t m0 x17f h87 y1bf6 ff1d2 fs3a fc2 sc0 ls21 ws35\">1,92<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bc y2f27 wf1 h8a\"><div class=\"t m0 x181 h87 y1bf6 ff1d2 fs3a fc2 sc0 ls23 ws39\">13,121<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3d9 y2f27 wf2 h8a\"><div class=\"t m0 x17c h87 y1bf6 ff1d2 fs3a fc2 sc0 ls23 ws39\">15,049<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f28 wf0 ha1\"><div class=\"t m0 x0 h88 y1bf8 ff1d5 fs3a fc2 sc0 ls24 ws3a\">Business combinations<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bd y2f28 w36 ha1\"><div class=\"t m0 x181 h88 y1bf8 ff1d5 fs3a fc2 sc0 ls20 ws36\">2,036<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3d1 y2f28 we9 ha1\"><div class=\"t m0 x47 h88 y1bf8 ff1d7 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1d5\"> </span></div></td><td class=\"c x3bc y2f28 wf1 ha1\"><div class=\"t m0 x193 h88 y1bf8 ff1d7 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1d5\"> </span></div></td><td class=\"c x3d9 y2f28 wf2 ha1\"><div class=\"t m0 x17b h88 y1bf8 ff1d5 fs3a fc2 sc0 ls20 ws36\">2,036<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f29 wf0 h86\"><div class=\"t m0 x0 h88 y1bfa ff1d5 fs3a fc2 sc0 ls1 ws0\">A<span class=\"ls28 ws40\">dditional<span class=\"_ _2\"></span></span> <span class=\"_ _1\"></span><span class=\"ls22 ws37\">provisions recogni<span class=\"_ _1\"></span>sed<span class=\"ls24 ws3a\">, net</span></span><span class=\"ls22 ws37\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x3bd y2f29 w36 h86\"><div class=\"t m0 x1a0 h88 y1bfa ff1d7 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1d5\"> </span></div></td><td class=\"c x3d1 y2f29 we9 h86\"><div class=\"t m0 x185 h88 y1bfa ff1d5 fs3a fc2 sc0 ls20 ws36\">11<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bc y2f29 wf1 h86\"><div class=\"t m0 x47 h88 y1bfa ff1d5 fs3a fc2 sc0 ls20 ws36\">429<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3d9 y2f29 wf2 h86\"><div class=\"t m0 x181 h88 y1bfa ff1d5 fs3a fc2 sc0 ls20 ws36\">440<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f2a wf0 h8a\"><div class=\"t m0 x0 h88 y1be0 ff1d5 fs3a fc2 sc0 ls26 ws3d\">Transfer to accrued<span class=\"_ _1\"></span> expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bd y2f2a w36 h8a\"><div class=\"t m0 x1a0 h88 y1be0 ff1d7 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1d5\"> </span></div></td><td class=\"c x3d1 y2f2a wee h8a\"><div class=\"t m0 x181 h88 y1be0 ff1d5 fs3a fc2 sc0 ls20 ws36\">(200)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bc y2f2a wf1 h8a\"><div class=\"t m0 x193 h88 y1be0 ff1d7 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1d5\"> </span></div></td><td class=\"c x3d9 y2f2a wf3 h8a\"><div class=\"t m0 x17f h88 y1be0 ff1d5 fs3a fc2 sc0 ls20 ws36\">(200)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f2b wf0 h86\"><div class=\"t m0 x0 h88 y1bde ff1d5 fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bd y2f2b w36 h86\"><div class=\"t m0 x1a0 h88 y1bde ff1d7 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1d5\"> </span></div></td><td class=\"c x3d1 y2f2b we9 h86\"><div class=\"t m0 x188 h88 y1bde ff1d5 fs3a fc2 sc0 ls1 ws0\">9<span class=\"_ _1\"></span> </div></td><td class=\"c x3bc y2f2b wf1 h86\"><div class=\"t m0 x171 h88 y1bde ff1d5 fs3a fc2 sc0 ls1 ws0\">3<span class=\"_ _1\"></span>3 </div></td><td class=\"c x3d9 y2f2b wf2 h86\"><div class=\"t m0 x183 h88 y1bde ff1d5 fs3a fc2 sc0 ls1 ws0\">4<span class=\"_ _1\"></span>2 </div></td></tr><tr><td class=\"c x241 y2f2c wf0 h86\"><div class=\"t m0 x0 h87 y1c05 ff1d2 fs3a fc2 sc0 ls2e ws6e\">Balance at November 30, 20<span class=\"ls66 ws9d\">25</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x3bd y2f2c w36 h86\"><div class=\"t m0 x181 h87 y1c05 ff1d2 fs3a fc2 sc0 ls21 ws35\">2,03<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3d1 y2f2c we9 h86\"><div class=\"t m0 x17f h87 y1c05 ff1d2 fs3a fc2 sc0 ls21 ws35\">1,74<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bc y2f2c wf1 h86\"><div class=\"t m0 x181 h87 y1c05 ff1d2 fs3a fc2 sc0 ls23 ws39\">13,58<span class=\"ls1 ws0\">3</span><span class=\"ls1 ws0\"><span class=\"_ _1\"></span> </span></div></td><td class=\"c x3d9 y2f2c wf2 h86\"><div class=\"t m0 x17c h87 y1c05 ff1d2 fs3a fc2 sc0 ls23 ws39\">17,36<span class=\"ls1 ws0\">7</span><span class=\"ls1 ws0\"><span class=\"_ _1\"></span> </span></div></td></tr></table>The e<span class=\"_ _2\"></span>nviro<span class=\"_ _2\"></span>nment<span class=\"_ _2\"></span>al pr<span class=\"_ _2\"></span>ovisi<span class=\"_ _2\"></span>on w<span class=\"_ _2\"></span>as r<span class=\"_ _2\"></span>ecord<span class=\"_ _2\"></span>ed f<span class=\"_ _2\"></span>or pot<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>ial<span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">depo<span class=\"_ _2\"></span>t <span class=\"_ _1\"></span><span class=\"ls30 ws52\">cl<span class=\"_ _2\"></span>ean<span class=\"ls1 ws0\">-<span class=\"ls60 wsad\">up cos<span class=\"_ _1\"></span>ts <span class=\"ls30 ws4f\">in rela<span class=\"_ _2\"></span>tion t<span class=\"_ _2\"></span>o the </span></span></span></span></span></span>Sutto<span class=\"_ _2\"></span>ns ac<span class=\"_ _2\"></span>quisi<span class=\"_ _2\"></span>tion<span class=\"ls1 ws0\">. </span>The asset retirement obligation<span class=\"_ _2\"></span>s relate to an obligation to dismantle and/or restore cert<span class=\"_ _2\"></span>ain offices<span class=\"ls1 ws0\"> </span>that the<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span> has leas<span class=\"_ _2\"></span>ed to<span class=\"_ _2\"></span> their<span class=\"ls1 ws0\"> </span><span class=\"ws52\">pre<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">leased condi<span class=\"_ _2\"></span>tion. At</span> <span class=\"ls31 ws51\">November 30, 202</span>5<span class=\"_ _1\"></span>, <span class=\"ls30 ws4f\">these amou<span class=\"_ _2\"></span>nts </span></span></span>related to obligations on certain offices with this obliga<span class=\"_ _2\"></span>tion. Amounts<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">are </span></span><span class=\"ws70\">estimated based<span class=\"_ _2\"></span> on<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">the </span></span></span>present value of<span class=\"_ _2\"></span> the expec<span class=\"_ _2\"></span>ted future cos<span class=\"_ _2\"></span>ts to <span class=\"_ _2\"></span><span class=\"ls1 ws0\">r<span class=\"ls30 ws50\">estore t<span class=\"_ _2\"></span>he le<span class=\"_ _2\"></span>ased p<span class=\"_ _2\"></span>rop<span class=\"_ _2\"></span>erty<span class=\"_ _2\"></span> in <span class=\"_ _2\"></span>accord<span class=\"_ _2\"></span>ance w<span class=\"_ _2\"></span>ith<span class=\"_ _2\"></span> the </span></span>lease<span class=\"_ _2\"></span> cont<span class=\"_ _2\"></span>racts<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">an<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span> are expec<span class=\"_ _2\"></span>ted to be <span class=\"_ _2\"></span>utilised <span class=\"ls30 ws52\">i<span class=\"_ _2\"></span>n <span class=\"ws50\">approxim<span class=\"_ _2\"></span>ately<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>wo <span class=\"ls4a ws76\">to four<span class=\"ls1 ws0\"> </span></span></span>years<span class=\"_ _2\"></span><span class=\"ls50 ws7d\">. <span class=\"ls1 ws0\"> </span></span></span></span></span>The cl<span class=\"_ _2\"></span>aims<span class=\"_ _2\"></span> provi<span class=\"_ _2\"></span>sion<span class=\"_ _2\"></span> rela<span class=\"_ _2\"></span>tes<span class=\"_ _2\"></span> to cl<span class=\"_ _2\"></span>aims m<span class=\"_ _2\"></span>ade <span class=\"_ _2\"></span>agai<span class=\"_ _2\"></span>nst <span class=\"_ _2\"></span>the G<span class=\"_ _2\"></span>roup b<span class=\"_ _2\"></span>y ex<span class=\"_ _2\"></span>tern<span class=\"_ _2\"></span>al p<span class=\"_ _2\"></span>arties<span class=\"_ _2\"></span>. The<span class=\"_ _2\"></span>se re<span class=\"_ _2\"></span>late<span class=\"_ _2\"></span> to third<span class=\"ls1 ws0\">-</span><span class=\"ws50\">par<span class=\"_ _2\"></span>ty cl<span class=\"_ _2\"></span>aims<span class=\"_ _2\"></span> such<span class=\"_ _2\"></span> as co<span class=\"_ _2\"></span>llisi<span class=\"_ _2\"></span>on, p<span class=\"_ _2\"></span>rope<span class=\"_ _2\"></span>rty d<span class=\"_ _2\"></span>amage<span class=\"_ _2\"></span>, po<span class=\"_ _2\"></span>lluti<span class=\"_ _2\"></span>on, e<span class=\"_ _2\"></span>nviro<span class=\"_ _2\"></span>nment<span class=\"_ _2\"></span>al d<span class=\"_ _2\"></span>amage<span class=\"_ _2\"></span>, gene<span class=\"_ _2\"></span>ral<span class=\"_ _2\"></span> </span>average<span class=\"_ _2\"></span>, i<span class=\"_ _2\"></span>njury<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> carg<span class=\"_ _2\"></span>o clai<span class=\"_ _2\"></span>ms.<span class=\"_ _2\"></span> In m<span class=\"_ _2\"></span>ost c<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span>s, leg<span class=\"_ _2\"></span>al p<span class=\"_ _2\"></span>rovis<span class=\"_ _2\"></span>ions<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> se<span class=\"_ _2\"></span>ttled<span class=\"_ _2\"></span> on a <span class=\"_ _2\"></span>net b<span class=\"_ _2\"></span>asis<span class=\"_ _2\"></span> by insur<span class=\"_ _2\"></span>ance c<span class=\"_ _2\"></span>ompa<span class=\"_ _2\"></span>nies<span class=\"_ _2\"></span>. The <span class=\"_ _2\"></span>timi<span class=\"_ _2\"></span>ng o<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he pay<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s of <span class=\"_ _2\"></span>the lo<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2f ws70\">te<span class=\"_ _2\"></span>rm provisions<span class=\"_ _2\"></span> is expected<span class=\"_ _2\"></span> to <span class=\"ls1 ws0\"> </span></span></span>be gre<span class=\"_ _2\"></span>ater <span class=\"_ _2\"></span>than<span class=\"_ _2\"></span> one y<span class=\"_ _2\"></span>ea<span class=\"_ _2\"></span>r. <span class=\"ls1 ws0\"> </span>27. Commitments and Contingencies As of <span class=\"ls31 ws51\">November 30, 2025 and 2024,<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">the<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span> had<span class=\"_ _2\"></span> tota<span class=\"_ _2\"></span>l</span> <span class=\"ls30 ws50\">investm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> and</span> </span></span>capital expendit<span class=\"_ _2\"></span>ure comm<span class=\"_ _2\"></span>itment<span class=\"_ _2\"></span>s ou<span class=\"_ _2\"></span>tstandi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> of ap<span class=\"_ _2\"></span>prox<span class=\"_ _2\"></span>imate<span class=\"_ _2\"></span>ly <span class=\"ls1 ws0\">$<span class=\"ls31 ws53\">563</span>.<span class=\"_ _1\"></span><span class=\"ls83 wsb2\">3 <span class=\"ls2f ws75\">million and <span class=\"ls1 ws0\">$<span class=\"ls31 ws53\">655.3</span></span><span class=\"ws70\">million, respectively. A<span class=\"_ _2\"></span>t </span></span></span></span>November 30, 2025<span class=\"ls49 ws78\">, <span class=\"ls30 ws50\">the Gro<span class=\"_ _2\"></span>up<span class=\"ff1dc ls59 ws95\">\u2019s</span><span class=\"ls1 ws0\"> </span><span class=\"ws52\">purchase<span class=\"_ _2\"></span> <span class=\"ls6e wsb0\">c<span class=\"_ _1\"></span>ommit<span class=\"ls48 ws2f\">ment<span class=\"_ _2\"></span>s consist<span class=\"_ _2\"></span>ed of<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">tanker projects of $374.1 </span></span></span></span></span></span></span>milli<span class=\"_ _2\"></span>on, i<span class=\"_ _2\"></span>ncludi<span class=\"_ _2\"></span>ng s<span class=\"_ _2\"></span>ix n<span class=\"_ _2\"></span>ewbuil<span class=\"_ _2\"></span>ding<span class=\"_ _2\"></span> con<span class=\"_ _2\"></span>tract<span class=\"_ _2\"></span>s for<span class=\"_ _2\"></span> tank<span class=\"_ _2\"></span>ers<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls48 ws2f\">as discuss<span class=\"_ _2\"></span>ed below</span></span>.<span class=\"_ _2\"></span> Addi<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>nal pu<span class=\"_ _2\"></span>rchas<span class=\"_ _2\"></span>e commitments incl<span class=\"_ _2\"></span>uded terminal <span class=\"_ _2\"></span>projects of<span class=\"_ _2\"></span> $46.6 mill<span class=\"_ _2\"></span>ion, tank co<span class=\"_ _2\"></span>ntainer projects<span class=\"_ _2\"></span> of $5.7<span class=\"_ _2\"></span> million, two Avenir newb<span class=\"_ _2\"></span>uildings fo<span class=\"_ _2\"></span>r $120.0 millio<span class=\"_ _2\"></span>n and $1<span class=\"_ _2\"></span>6.5 millio<span class=\"_ _2\"></span>n in Sea <span class=\"_ _2\"></span>Farm. <span class=\"ls30 ws50\">Of <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> tot<span class=\"_ _2\"></span>al, <span class=\"ls1 ws0\">$2<span class=\"_ _1\"></span><span class=\"ls31 ws53\">15.1<span class=\"ls1 ws0\"> </span></span></span></span>million commitme<span class=\"_ _2\"></span>nt<span class=\"ls1 ws0\">s <span class=\"_ _1\"></span><span class=\"ls30 ws52\">at<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">November 30, 2025<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">are</span> <span class=\"ls53 ws32\">expected<span class=\"_ _2\"></span> to b<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>paid wi<span class=\"_ _2\"></span>thin <span class=\"_ _2\"></span>the n<span class=\"_ _2\"></span>ext 12<span class=\"_ _2\"></span> mon<span class=\"_ _2\"></span>ths. </span></span></span></span></span>The<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">commitments will e<span class=\"_ _2\"></span>ither be <span class=\"_ _2\"></span>paid out o<span class=\"_ _2\"></span>f operating c<span class=\"_ _2\"></span>ash flow, <span class=\"_ _2\"></span>existing liquidi<span class=\"_ _2\"></span>ty or t<span class=\"_ _2\"></span>hrough external<span class=\"_ _2\"></span> </span></span>financ<span class=\"_ _2\"></span>ing. <span class=\"ls31 ws51\">At November 30, 2025, the Group also had commitments <span class=\"_ _2\"></span>to purchase EU Emission </span>Tradi<span class=\"_ _2\"></span>ng Sc<span class=\"_ _2\"></span>heme c<span class=\"_ _2\"></span>redi<span class=\"_ _2\"></span>ts t<span class=\"_ _2\"></span>otalli<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> $12.<span class=\"_ _2\"></span><span class=\"ls1 ws0\">9 <span class=\"_ _3\"></span><span class=\"ls2f ws70\">m<span class=\"_ _2\"></span>illion (2024: <span class=\"_ _2\"></span>nil).<span class=\"ls1 ws0\"> </span></span></span>Newbu<span class=\"_ _2\"></span>ildin<span class=\"_ _2\"></span>g contra<span class=\"_ _2\"></span>cts<span class=\"ls1 ws0\"> </span>On December 19, 2024, the Group contracted for two 2,800 <span class=\"ls61 ws89\">dwt<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">s<span class=\"_ _2\"></span>tainle<span class=\"_ _2\"></span>ss s<span class=\"_ _2\"></span>teel<span class=\"_ _2\"></span> inla<span class=\"_ _2\"></span>nd b<span class=\"_ _2\"></span>arges.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span>se </span></span></span>ships will be b<span class=\"_ _2\"></span>uilt i<span class=\"_ _2\"></span>n China with e<span class=\"_ _2\"></span>xpected delivery<span class=\"_ _2\"></span> late 202<span class=\"_ _2\"></span>6 to early 2<span class=\"_ _2\"></span>027. The tot<span class=\"_ _2\"></span>al cost for<span class=\"_ _2\"></span> the tw<span class=\"_ _2\"></span>o barges is $24.0 m<span class=\"_ _2\"></span>illion i<span class=\"_ _2\"></span>ncluding <span class=\"_ _2\"></span>capitalised interest<span class=\"_ _195\"> </span>. <span class=\"_ _1\"></span> Avenir entered i<span class=\"_ _2\"></span>nto a shipb<span class=\"_ _2\"></span>uilding contract<span class=\"_ _2\"></span> on April<span class=\"_ _2\"></span> 25, 2024<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws50\">wit<span class=\"_ _2\"></span>h Nan<span class=\"_ _2\"></span>tong<span class=\"_ _2\"></span> CIMC<span class=\"_ _2\"></span> Si<span class=\"_ _2\"></span>nopac<span class=\"_ _2\"></span>ific </span></span>Offsh<span class=\"_ _2\"></span>ore &amp;<span class=\"_ _2\"></span> Engi<span class=\"_ _2\"></span>neeri<span class=\"_ _2\"></span>ng Co<span class=\"_ _2\"></span>. Ltd<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n Chin<span class=\"_ _2\"></span>a for<span class=\"_ _2\"></span> two<span class=\"_ _2\"></span> 20,0<span class=\"_ _2\"></span>00 cb<span class=\"_ _2\"></span>m L<span class=\"_ _2\"></span>NG bu<span class=\"_ _2\"></span>nker a<span class=\"_ _2\"></span>nd sup<span class=\"_ _2\"></span>ply<span class=\"_ _2\"></span> carr<span class=\"_ _2\"></span>iers<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws52\">whic<span class=\"_ _2\"></span>h </span></span>are scheduled fo<span class=\"_ _2\"></span>r delivery<span class=\"_ _2\"></span> in 202<span class=\"_ _2\"></span>6 and 2027.<span class=\"_ _2\"></span> The total c<span class=\"_ _2\"></span>ost for th<span class=\"_ _2\"></span>e two ships is<span class=\"_ _2\"></span> expected to<span class=\"_ _2\"></span> be approximately $1<span class=\"_ _2\"></span>68.7 million,<span class=\"_ _2\"></span> including si<span class=\"_ _2\"></span>te team costs<span class=\"_ _2\"></span> and capit<span class=\"_ _2\"></span>alised interest. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>On December 15, 2023, the Group contracted for six 38,000 <span class=\"ls61 ws89\">dwt<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">stainless steel<span class=\"_ _2\"></span> parcel ta<span class=\"_ _2\"></span>nkers. </span></span></span>These ships wi<span class=\"_ _2\"></span>ll be built<span class=\"_ _2\"></span> by Wuh<span class=\"_ _2\"></span>u Shipyards wi<span class=\"_ _2\"></span>th expected deli<span class=\"_ _2\"></span>very be<span class=\"_ _2\"></span>tween 2026 <span class=\"_ _2\"></span><span class=\"ls30 ws52\">and<span class=\"ls1 ws0\"> <span class=\"ls31 ws53\">2028.</span> T<span class=\"_ _1\"></span><span class=\"ls30 ws52\">he </span></span></span>total cost f<span class=\"_ _2\"></span>or the six s<span class=\"_ _2\"></span>hips is ex<span class=\"_ _2\"></span>pected <span class=\"_ _2\"></span>to be approxim<span class=\"_ _2\"></span>ately $457.<span class=\"_ _2\"></span>6 million, i<span class=\"_ _2\"></span>ncluding site <span class=\"_ _2\"></span>team cos<span class=\"_ _2\"></span>ts and cap<span class=\"_ _2\"></span>itali<span class=\"_ _2\"></span>sed <span class=\"_ _2\"></span>int<span class=\"_ _2\"></span>erest.<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span>Purchase commitments of joint ventures and associates <span class=\"ls1 ws0\"> </span>The<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>Grou<span class=\"_ _1\"></span>p\u2019s joint vent<span class=\"_ _1\"></span>ures and<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>asso<span class=\"_ _1\"></span>ciates had $<span class=\"ff1db ls31 ws53\">54<span class=\"ls2f ws70\">5.0 million of t<span class=\"_ _2\"></span>otal capital exp<span class=\"_ _2\"></span>enditure </span></span>commitments on November 30, 2025<span class=\"ls1 ws0\">, <span class=\"_ _3\"></span><span class=\"ls31 ws51\">of<span class=\"_ _2\"></span> which $1<span class=\"ws53\">20<span class=\"ls2f ws70\">.8 million<span class=\"_ _2\"></span> is ex<span class=\"_ _2\"></span>pected to be paid<span class=\"_ _2\"></span> within <span class=\"_ _2\"></span>the next </span></span></span></span>12 months. Of<span class=\"_ _2\"></span> the total c<span class=\"_ _2\"></span>ommitments, $435.4<span class=\"_ _2\"></span> million<span class=\"_ _2\"></span> related to <span class=\"_ _2\"></span>newbuilding con<span class=\"_ _2\"></span>tracts for N<span class=\"_ _2\"></span>YK Stolt Tankers S.A., <span class=\"_ _2\"></span>as detailed b<span class=\"_ _2\"></span>elow. In <span class=\"_ _2\"></span>addition, $64.3 m<span class=\"_ _2\"></span>illion relat<span class=\"_ _2\"></span>ed to tw<span class=\"_ _2\"></span>o 16,000 dwt<span class=\"_ _2\"></span> newbuildings<span class=\"_ _2\"></span> at NYK S<span class=\"ls30 ws50\">t<span class=\"_ _2\"></span>olt S<span class=\"_ _2\"></span>hiphol<span class=\"_ _2\"></span>ding<span class=\"_ _2\"></span> Pte.<span class=\"_ _2\"></span> Ltd<span class=\"_ _2\"></span>. a<span class=\"_ _2\"></span>nd $13.<span class=\"_ _2\"></span>8 m<span class=\"_ _2\"></span>illio<span class=\"_ _2\"></span>n rel<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span>a plan<span class=\"_ _2\"></span>ned ex<span class=\"_ _2\"></span>pansi<span class=\"_ _2\"></span>on a<span class=\"_ _2\"></span>t the<span class=\"_ _2\"></span> joi<span class=\"_ _2\"></span>nt ve<span class=\"_ _2\"></span>ntur<span class=\"_ _2\"></span>e </span>termi<span class=\"_ _2\"></span>nal in<span class=\"_ _2\"></span> Antw<span class=\"_ _2\"></span>erp <span class=\"_ _2\"></span>and<span class=\"_ _2\"></span> $11.7<span class=\"_ _2\"></span> mi<span class=\"_ _2\"></span>llion i<span class=\"_ _2\"></span>n a <span class=\"_ _2\"></span>new <span class=\"_ _2\"></span>joint<span class=\"_ _2\"></span> vent<span class=\"_ _2\"></span>ure <span class=\"_ _2\"></span>termi<span class=\"_ _2\"></span>nal<span class=\"_ _2\"></span> in T<span class=\"_ _2\"></span>aiwan.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span> comm<span class=\"_ _2\"></span>itme<span class=\"_ _2\"></span>nts will be paid<span class=\"_ _2\"></span> out of th<span class=\"_ _2\"></span>e existing li<span class=\"_ _2\"></span>quidity of<span class=\"_ _2\"></span> those joi<span class=\"_ _2\"></span>nt ventures, c<span class=\"_ _2\"></span>apital inject<span class=\"_ _2\"></span>ions, loans <span class=\"_ _2\"></span>from its shareh<span class=\"_ _2\"></span>olde<span class=\"_ _2\"></span>rs or<span class=\"_ _2\"></span> thr<span class=\"_ _2\"></span>ough ex<span class=\"_ _2\"></span>ter<span class=\"_ _2\"></span>nal<span class=\"_ _2\"></span> financ<span class=\"_ _2\"></span>ing.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Joint Venture<span class=\"_ _1\"></span> <span class=\"ls4d ws8d\">newb<span class=\"_ _2\"></span>uil<span class=\"_ _2\"></span>ding<span class=\"ls1 ws0\"> c</span></span><span class=\"ws8c\">ontracts<span class=\"ls1 ws0\"> </span></span>On Ja<span class=\"_ _2\"></span>nuary<span class=\"_ _2\"></span> 6, 2<span class=\"_ _2\"></span>025,<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up si<span class=\"_ _2\"></span>gned <span class=\"_ _2\"></span>an ag<span class=\"_ _2\"></span>reeme<span class=\"_ _2\"></span>nt f<span class=\"_ _2\"></span>or tw<span class=\"_ _2\"></span>o 38<span class=\"_ _2\"></span>,00<span class=\"_ _2\"></span>0 <span class=\"ls61 ws89\">dwt<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">stainless steel p<span class=\"_ _2\"></span>arcel </span></span></span>tankers. These s<span class=\"_ _2\"></span>hips will<span class=\"_ _2\"></span> be built <span class=\"_ _2\"></span>by Nantong Xi<span class=\"_ _2\"></span>angyu Shipbuild<span class=\"_ _2\"></span>ing &amp; Offs<span class=\"_ _2\"></span>hore Engineeri<span class=\"_ _2\"></span>ng Co., Lt<span class=\"_ _2\"></span>d with expected d<span class=\"_ _2\"></span>elivery between <span class=\"_ _2\"></span>2028 to<span class=\"_ _2\"></span> 2029. A newb<span class=\"_ _2\"></span>uilding deposit<span class=\"_ _2\"></span> of $27.8 mil<span class=\"_ _2\"></span>lion was p<span class=\"_ _2\"></span>aid in March 2<span class=\"_ _2\"></span>025<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>the t<span class=\"_ _2\"></span>otal<span class=\"_ _2\"></span> cost<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>r the<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">two s<span class=\"_ _2\"></span>hips is ex<span class=\"_ _2\"></span>pected to be<span class=\"_ _2\"></span> approxima<span class=\"_ _2\"></span>tely $155.6 milli<span class=\"_ _2\"></span>on, </span></span>includi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> site <span class=\"_ _2\"></span>team c<span class=\"_ _2\"></span>os<span class=\"_ _2\"></span>ts and<span class=\"_ _2\"></span> ca<span class=\"_ _2\"></span>pitali<span class=\"_ _2\"></span>sed i<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>rest.<span class=\"_ _2\"></span> The <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> no<span class=\"_ _2\"></span>vated<span class=\"_ _2\"></span> the <span class=\"fs39 ls2f ws75\">agreements to its joint </span>venture, NYK <span class=\"_ _2\"></span>Stolt Tanke<span class=\"_ _2\"></span>rs S.A.<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">in the<span class=\"_ _2\"></span> seco<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span> quarte<span class=\"_ _2\"></span>r of<span class=\"_ _2\"></span> 2025<span class=\"_ _2\"></span>.</span> <span class=\"ls30 ws50\">On Feb<span class=\"_ _2\"></span>ruary<span class=\"_ _2\"></span> 7, 2<span class=\"_ _2\"></span>024,<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> </span></span>annou<span class=\"_ _2\"></span>nced t<span class=\"_ _2\"></span>hat i<span class=\"_ _2\"></span>ts j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> vent<span class=\"_ _2\"></span>ure,<span class=\"_ _2\"></span> NYK <span class=\"_ _2\"></span>Stolt<span class=\"_ _2\"></span> Tank<span class=\"_ _2\"></span>ers <span class=\"_ _2\"></span>S.A.<span class=\"_ _2\"></span>, had<span class=\"_ _2\"></span> reac<span class=\"_ _2\"></span>hed <span class=\"_ _2\"></span>an ag<span class=\"_ _2\"></span>reeme<span class=\"_ _2\"></span>nt wi<span class=\"_ _2\"></span>th <span class=\"_ _2\"></span>Nanto<span class=\"_ _2\"></span>ng Xiangy<span class=\"_ _2\"></span>u S<span class=\"_ _2\"></span>hipya<span class=\"_ _2\"></span>rd in<span class=\"_ _2\"></span> China<span class=\"_ _2\"></span> to b<span class=\"_ _2\"></span>uil<span class=\"_ _2\"></span>d six<span class=\"_ _2\"></span> 38,0<span class=\"_ _2\"></span>00 <span class=\"ls61 ws89\">dw<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">s<span class=\"_ _2\"></span>tainl<span class=\"_ _2\"></span>ess <span class=\"_ _2\"></span>stee<span class=\"_ _2\"></span>l che<span class=\"_ _2\"></span>mical<span class=\"_ _2\"></span> tanke<span class=\"_ _2\"></span>rs f<span class=\"_ _2\"></span>or d<span class=\"_ _2\"></span>elive<span class=\"_ _2\"></span>ry </span></span></span>between late 2026 and<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">2029.<span class=\"_ _2\"></span> The total co<span class=\"_ _2\"></span>st to t<span class=\"_ _2\"></span>he joint <span class=\"_ _2\"></span>venture is ex<span class=\"_ _2\"></span>pected to be <span class=\"_ _2\"></span>approximately<span class=\"_ _2\"></span> </span></span>$442.7 millio<span class=\"_ _2\"></span>n, including site<span class=\"_ _2\"></span> team c<span class=\"_ _2\"></span>osts and capi<span class=\"_ _2\"></span>talised<span class=\"ls1 ws0\"> </span>interest. The <span class=\"_ _2\"></span>newbuilding deposi<span class=\"_ _2\"></span>ts will b<span class=\"_ _2\"></span>e paid o<span class=\"_ _2\"></span>ut o<span class=\"_ _2\"></span>f ope<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ng c<span class=\"_ _2\"></span>ash fl<span class=\"_ _2\"></span>ow <span class=\"_ _2\"></span>and s<span class=\"_ _2\"></span>hare<span class=\"_ _2\"></span>holde<span class=\"_ _2\"></span>r loa<span class=\"_ _2\"></span>ns pri<span class=\"_ _2\"></span>o<span class=\"ls2f ws70\">r t<span class=\"_ _2\"></span>o deli<span class=\"_ _2\"></span>very.<span class=\"ls1 ws0\"> </span></span>On Ja<span class=\"_ _2\"></span>nuary<span class=\"_ _2\"></span> 31<span class=\"_ _2\"></span>, 2025<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up s<span class=\"_ _2\"></span>igned<span class=\"_ _2\"></span> an <span class=\"_ _2\"></span>agreeme<span class=\"_ _2\"></span>nt f<span class=\"_ _2\"></span>or t<span class=\"_ _2\"></span>wo 16<span class=\"_ _2\"></span>,00<span class=\"_ _2\"></span>0 <span class=\"ls61 ws89\">dwt<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">stainless steel p<span class=\"_ _2\"></span>arcel </span></span></span>tanker<span class=\"_ _2\"></span>s. T<span class=\"_ _2\"></span>hese s<span class=\"_ _2\"></span>hips<span class=\"_ _2\"></span> will<span class=\"_ _2\"></span> be b<span class=\"_ _2\"></span>uilt<span class=\"_ _2\"></span> by<span class=\"_ _2\"></span> Fukuo<span class=\"_ _2\"></span>ka S<span class=\"_ _2\"></span>hipbui<span class=\"_ _2\"></span>lding<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>r con<span class=\"_ _2\"></span>struc<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span> at Us<span class=\"_ _2\"></span>uki<span class=\"_ _2\"></span> Shipy<span class=\"_ _2\"></span>ard<span class=\"_ _2\"></span> with expected deliver<span class=\"_ _1\"></span>y<span class=\"_ _2\"></span> between November 2027 and February 2028. The newbuilding deposit of $15.0 million was p<span class=\"_ _2\"></span>aid on May<span class=\"_ _2\"></span> 29, 202<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls2f ws75\">and the total cost for the two ships is expected to be </span></span>approximately $8<span class=\"_ _2\"></span>2.7 million,<span class=\"_ _2\"></span> including site <span class=\"_ _2\"></span>team costs.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Environ<span class=\"_ _2\"></span>mental<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The Gr<span class=\"_ _2\"></span>oup\u2019s<span class=\"_ _2\"></span> ope<span class=\"_ _2\"></span>ratio<span class=\"_ _2\"></span>ns i<span class=\"_ _2\"></span>nvol<span class=\"_ _2\"></span>ve t<span class=\"_ _2\"></span>he car<span class=\"_ _2\"></span>riage<span class=\"_ _2\"></span>, u<span class=\"_ _2\"></span>se, s<span class=\"_ _2\"></span>torage<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> dis<span class=\"_ _2\"></span>posal<span class=\"_ _2\"></span> of c<span class=\"_ _2\"></span>hemic<span class=\"_ _2\"></span>als a<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span> other<span class=\"_ _2\"></span> hazard<span class=\"_ _2\"></span>ous<span class=\"_ _2\"></span> materi<span class=\"_ _2\"></span>als<span class=\"_ _2\"></span> and w<span class=\"_ _2\"></span>aste<span class=\"_ _2\"></span>s. Th<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> </span>Group<span class=\"_ _2\"></span> is sub<span class=\"_ _2\"></span>ject<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">applicable international <span class=\"_ _2\"></span>and national<span class=\"_ _2\"></span> </span></span>health<span class=\"_ _2\"></span>, safe<span class=\"_ _2\"></span>ty and e<span class=\"_ _2\"></span>nviro<span class=\"_ _2\"></span>nment<span class=\"_ _2\"></span>al laws<span class=\"_ _2\"></span> relating<span class=\"_ _2\"></span> to the<span class=\"_ _2\"></span> protec<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n of<span class=\"ls1 ws0\"> </span><span class=\"ws52\">the<span class=\"ls1 ws0\"> </span><span class=\"ws50\">enviro<span class=\"_ _2\"></span>nmen<span class=\"_ _2\"></span>t, i<span class=\"_ _2\"></span>ncludi<span class=\"_ _2\"></span>ng th<span class=\"_ _2\"></span>ose<span class=\"_ _2\"></span> </span></span>gover<span class=\"_ _2\"></span>ning di<span class=\"_ _2\"></span>sch<span class=\"_ _2\"></span>arges<span class=\"_ _2\"></span> of po<span class=\"_ _2\"></span>llu<span class=\"_ _2\"></span>tant<span class=\"_ _2\"></span>s to<span class=\"_ _2\"></span> air <span class=\"_ _2\"></span>and wa<span class=\"_ _2\"></span>ter<span class=\"_ _2\"></span><span class=\"ls1 ws0\">; <span class=\"_ _1\"></span><span class=\"ls30 ws50\">the<span class=\"_ _2\"></span> gene<span class=\"_ _2\"></span>ratio<span class=\"_ _2\"></span>n, ma<span class=\"_ _2\"></span>nageme<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span> and di<span class=\"_ _2\"></span>spos<span class=\"_ _2\"></span>al </span></span>of<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">hazardo<span class=\"_ _2\"></span>us mat<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>als a<span class=\"_ _2\"></span>nd w<span class=\"_ _2\"></span>aste<span class=\"_ _2\"></span>s</span>; <span class=\"_ _1\"></span><span class=\"ls30 ws50\">and<span class=\"_ _2\"></span> the cl<span class=\"_ _2\"></span>ean<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span><span class=\"ws4f\">up of<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">c<span class=\"_ _2\"></span>ontaminated<span class=\"_ _2\"></span> sites.<span class=\"ls1 ws0\"> </span></span></span></span></span></span>The Comprehensive<span class=\"_ _2\"></span> Environmen<span class=\"_ _2\"></span>tal Response<span class=\"_ _2\"></span>, Compensation,<span class=\"_ _2\"></span> and Liabili<span class=\"_ _2\"></span>ty Act (CERCL<span class=\"_ _2\"></span>A), comm<span class=\"_ _2\"></span>only know<span class=\"_ _2\"></span>n as Sup<span class=\"_ _2\"></span>erfu<span class=\"_ _2\"></span>nd,<span class=\"_ _2\"></span> was enacted<span class=\"_ _2\"></span> by th<span class=\"_ _2\"></span>e US Congr<span class=\"_ _2\"></span>es<span class=\"_ _2\"></span>s on Decem<span class=\"_ _2\"></span>ber<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">11, 1980. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span>This l<span class=\"_ _2\"></span>aw cre<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> a <span class=\"_ _2\"></span>tax o<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> che<span class=\"_ _2\"></span>mical<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> pet<span class=\"_ _2\"></span>roleum<span class=\"_ _2\"></span> indu<span class=\"_ _2\"></span>stri<span class=\"_ _2\"></span>es a<span class=\"_ _2\"></span>nd pro<span class=\"_ _2\"></span>vided<span class=\"_ _2\"></span> broad<span class=\"_ _2\"></span> fede<span class=\"_ _2\"></span>ral<span class=\"_ _2\"></span> autho<span class=\"_ _2\"></span>rity t<span class=\"_ _2\"></span>o re<span class=\"_ _2\"></span>spond<span class=\"_ _2\"></span> direc<span class=\"_ _2\"></span>tly<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> release<span class=\"_ _2\"></span>s o<span class=\"_ _2\"></span>r thre<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>ned re<span class=\"_ _2\"></span>lease<span class=\"_ _2\"></span>s o<span class=\"_ _2\"></span>f haza<span class=\"_ _2\"></span>rdo<span class=\"_ _2\"></span>us subs<span class=\"_ _2\"></span>tanc<span class=\"_ _2\"></span>es t<span class=\"_ _2\"></span>hat m<span class=\"_ _2\"></span>ay endang<span class=\"_ _2\"></span>er pub<span class=\"_ _2\"></span>lic<span class=\"_ _2\"></span> heal<span class=\"_ _2\"></span>th o<span class=\"_ _2\"></span>r the<span class=\"_ _2\"></span> enviro<span class=\"_ _2\"></span>nmen<span class=\"_ _2\"></span>t. T<span class=\"_ _2\"></span>his l<span class=\"_ _2\"></span>aw and<span class=\"_ _2\"></span> s<span class=\"_ _2\"></span>imila<span class=\"_ _2\"></span>r s<span class=\"_ _2\"></span>tate e<span class=\"_ _2\"></span>nvi<span class=\"_ _2\"></span>ronme<span class=\"_ _2\"></span>nt<span class=\"ws52\">al<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws4f\">st<span class=\"_ _2\"></span>atute<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> </span></span></span>common laws ca<span class=\"_ _2\"></span>n impose liabi<span class=\"_ _2\"></span>lity fo<span class=\"_ _2\"></span>r the enti<span class=\"_ _2\"></span>re clean<span class=\"ls1 ws0\">-<span class=\"ls30 ws4f\">up of</span> </span>contaminated sites<span class=\"_ _2\"></span> or fo<span class=\"_ _2\"></span>r <span class=\"ls1 ws0\"> </span>third<span class=\"ls1 ws0\">-</span><span class=\"ws50\">par<span class=\"_ _2\"></span>ty cl<span class=\"_ _2\"></span>aims<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span> prope<span class=\"_ _2\"></span>rty d<span class=\"_ _2\"></span>amag<span class=\"_ _2\"></span>e and<span class=\"_ _2\"></span> pers<span class=\"_ _2\"></span>onal<span class=\"_ _2\"></span> inju<span class=\"_ _2\"></span>ry, <span class=\"_ _2\"></span>regard<span class=\"_ _2\"></span>less <span class=\"_ _2\"></span>of<span class=\"_ _2\"></span> whethe<span class=\"_ _2\"></span>r the<span class=\"_ _2\"></span> cu<span class=\"_ _2\"></span>rrent<span class=\"_ _2\"></span> owne<span class=\"_ _2\"></span>r </span>or<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">operator<span class=\"_ _2\"></span> ow<span class=\"_ _2\"></span>ned or<span class=\"_ _2\"></span> ope<span class=\"_ _2\"></span>rated<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> site<span class=\"_ _2\"></span> at <span class=\"_ _2\"></span>the ti<span class=\"_ _2\"></span>me of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> rele<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span> of c<span class=\"_ _2\"></span>ontam<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>ts o<span class=\"_ _2\"></span>r </span></span>of <span class=\"ls1 ws0\"> </span>the legality of<span class=\"_ _2\"></span> the origi<span class=\"_ _2\"></span>nal disposal <span class=\"_ _2\"></span>activities.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Actual<span class=\"_ _2\"></span> or d<span class=\"_ _2\"></span>isc<span class=\"_ _2\"></span>ontin<span class=\"_ _2\"></span>ued op<span class=\"_ _2\"></span>erati<span class=\"_ _2\"></span>ons i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> US<span class=\"_ _2\"></span> may<span class=\"_ _2\"></span><span class=\"ws4f\">, there<span class=\"_ _2\"></span>fore<span class=\"_ _2\"></span>,<span class=\"ls1 ws0\"> </span></span>trigger <span class=\"_ _2\"></span>a fut<span class=\"_ _2\"></span>ure l<span class=\"_ _2\"></span>iabi<span class=\"_ _2\"></span>lity.<span class=\"_ _2\"></span> Owi<span class=\"_ _2\"></span>ng to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> uncert<span class=\"_ _2\"></span>ainty<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls4a ws76\">of</span> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">w<span class=\"_ _2\"></span>hether<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws4f\">or the<span class=\"_ _2\"></span> length of<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">time before</span>, <span class=\"_ _1\"></span><span class=\"ls2f ws70\">any<span class=\"_ _2\"></span> liability may occ<span class=\"_ _2\"></span>ur, it is<span class=\"_ _2\"></span> currently <span class=\"_ _2\"></span>not </span></span></span></span></span></span>conside<span class=\"_ _2\"></span>red<span class=\"_ _2\"></span> prob<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> a li<span class=\"_ _2\"></span>abili<span class=\"_ _2\"></span>ty wil<span class=\"_ _2\"></span>l a<span class=\"_ _2\"></span>rise <span class=\"_ _2\"></span>and c<span class=\"_ _2\"></span>onseq<span class=\"_ _2\"></span>uen<span class=\"_ _2\"></span>tly no<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>rovisio<span class=\"_ _2\"></span>n ha<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span><span class=\"ws4f\">been reco<span class=\"_ _2\"></span>rded<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></span>29<span class=\"ls3a ws9b\">. Legal </span>Claims and Proceeding<span class=\"_ _1\"></span>s<span class=\"_ _2\"></span> There<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> vari<span class=\"_ _2\"></span>ous leg<span class=\"_ _2\"></span>al p<span class=\"_ _2\"></span>roceed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ngs ar<span class=\"_ _2\"></span>isi<span class=\"_ _2\"></span>ng in <span class=\"_ _2\"></span>the o<span class=\"_ _2\"></span>rdi<span class=\"_ _2\"></span>nary co<span class=\"_ _2\"></span>urs<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> busi<span class=\"_ _2\"></span>ness<span class=\"_ _2\"></span>, and<span class=\"_ _2\"></span> in ca<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span>where the Group<span class=\"_ _2\"></span> believes th<span class=\"_ _2\"></span>e likelihood<span class=\"_ _2\"></span> of losse<span class=\"_ _2\"></span>s is probab<span class=\"_ _2\"></span>le and <span class=\"_ _2\"></span>can be estimated<span class=\"_ _2\"></span>, provisions<span class=\"_ _2\"></span> are recorded. While <span class=\"_ _2\"></span>ongoing legal p<span class=\"_ _2\"></span>roceedings<span class=\"_ _2\"></span> could have<span class=\"_ _2\"></span> a material <span class=\"_ _2\"></span>adverse effect o<span class=\"_ _2\"></span>n the <span class=\"_ _2\"></span>Group\u2019s consol<span class=\"_ _2\"></span>idate<span class=\"_ _2\"></span>d financ<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> positio<span class=\"_ _2\"></span>n or re<span class=\"_ _2\"></span>sult<span class=\"_ _2\"></span>s of ope<span class=\"_ _2\"></span>ratio<span class=\"_ _2\"></span>ns in the<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">future, the Gro<span class=\"_ _2\"></span>up believes t<span class=\"_ _2\"></span>hat </span> </span>none o<span class=\"_ _2\"></span>f the<span class=\"_ _2\"></span>se m<span class=\"_ _2\"></span>atte<span class=\"_ _2\"></span>rs wil<span class=\"_ _2\"></span>l h<span class=\"_ _2\"></span>ave <span class=\"_ _2\"></span>a mate<span class=\"_ _2\"></span>rial<span class=\"_ _2\"></span> adver<span class=\"_ _2\"></span>se e<span class=\"_ _2\"></span>ffect<span class=\"_ _2\"></span> on i<span class=\"_ _2\"></span>ts b<span class=\"_ _2\"></span>usi<span class=\"_ _2\"></span>ness o<span class=\"_ _2\"></span>r f<span class=\"_ _2\"></span>inanci<span class=\"_ _2\"></span>al c<span class=\"_ _2\"></span>onditi<span class=\"_ _2\"></span>on.<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span>There<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> no 202<span class=\"_ _2\"></span>5 m<span class=\"_ _2\"></span>atters<span class=\"_ _2\"></span> pe<span class=\"_ _2\"></span>n<span class=\"ls2f ws70\">ding i<span class=\"_ _2\"></span>n civil litig<span class=\"_ _2\"></span>ation that w<span class=\"_ _2\"></span>arrant specific<span class=\"_ _2\"></span> reference due<span class=\"_ _2\"></span> to its<span class=\"_ _2\"></span> legal </span>risk and<span class=\"ls1 ws0\"> </span>expos<span class=\"_ _2\"></span>ure<span class=\"ls1 ws0\">. </span>The ultimate o<span class=\"_ _2\"></span>utcome of go<span class=\"_ _2\"></span>vernmental <span class=\"_ _2\"></span>and third<span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">party<span class=\"_ _2\"></span> leg<span class=\"_ _2\"></span>al cl<span class=\"_ _2\"></span>aims a<span class=\"_ _2\"></span>nd p<span class=\"_ _2\"></span>roceed<span class=\"_ _2\"></span>ings<span class=\"_ _2\"></span> is i<span class=\"_ _2\"></span>nhe<span class=\"_ _2\"></span>rentl<span class=\"_ _2\"></span>y </span></span>difficult to<span class=\"_ _2\"></span> predict. The G<span class=\"_ _2\"></span>roup\u2019s o<span class=\"_ _2\"></span>perations are <span class=\"_ _2\"></span>affected by<span class=\"_ _2\"></span> international a<span class=\"_ _2\"></span>nd domestic e<span class=\"_ _2\"></span>nvironmental<span class=\"_ _2\"></span> protec<span class=\"_ _2\"></span>tion l<span class=\"_ _2\"></span>aws<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>regu<span class=\"_ _2\"></span>latio<span class=\"_ _2\"></span>ns. <span class=\"_ _2\"></span>Comp<span class=\"_ _2\"></span>liance<span class=\"_ _2\"></span> wi<span class=\"_ _2\"></span>th suc<span class=\"_ _2\"></span>h law<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span>and <span class=\"_ _2\"></span>regul<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span>s may<span class=\"_ _2\"></span> e<span class=\"_ _2\"></span>ntail conside<span class=\"_ _2\"></span>rab<span class=\"_ _2\"></span>le exp<span class=\"_ _2\"></span>ense<span class=\"_ _2\"></span>, inc<span class=\"_ _2\"></span>ludi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>ship m<span class=\"_ _2\"></span>odifi<span class=\"_ _2\"></span>catio<span class=\"_ _2\"></span>ns a<span class=\"_ _2\"></span>nd c<span class=\"_ _2\"></span>hanges<span class=\"_ _2\"></span> in <span class=\"_ _2\"></span>oper<span class=\"_ _2\"></span>ating<span class=\"_ _2\"></span> proce<span class=\"_ _2\"></span>dure<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> <span class=\"ls50 ws7d\">.</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-649": {
   "value": "Operating expen<span class=\"_ _2\"></span>ses comprised <span class=\"_ _2\"></span>the followi<span class=\"_ _2\"></span>ng:<span class=\"ls1 ws0\"> </span><table class=\"s w151 h119\" id=\"_24b83571-3e16-4d5c-ac54-88adeed43c4d\"><tr><td></td><td class=\"c x2bd y2b7b w68 hb7\"><div class=\"t m0 x197 h82 y1f54 ff9f fs3b fc2 sc0 ls1 ws0\"> <span class=\"ls19 ws2d\"></span><span class=\"ls19 ws2d\">For</span> <span class=\"ls1a ws2e\">the</span> years end<span class=\"_ _2\"></span>ed November <span class=\"ls1b ws2f\">30</span> </div></td><td></td></tr><tr><td class=\"c x246 y2b7c w14a h102\"><div class=\"t m0 x245 h82 y29a6 ff9f fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2a3 h82 y29a7 ff9f fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x2a2 y2b7d w48 h83\"><div class=\"t m0 x177 h85 y1f57 ffa0 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b7d w20 h83\"><div class=\"t m0 x177 h82 y1f57 ff9f fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b7e w64 h86\"><div class=\"t m0 x0 h88 y1be8 ff9f fs3a fc2 sc0 ls24 ws3a\">Bunker fuel costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b7e w48 h86\"><div class=\"t m0 x180 h87 y1be8 ffa0 fs3a fc2 sc0 ls21 ws35\">327,<span class=\"_ _2\"></span>239<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b7e w20 h86\"><div class=\"t m0 x181 h88 y1be8 ff9f fs3a fc2 sc0 ls20 ws36\">364,197<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b7f w64 h8a\"><div class=\"t m0 x0 h88 y1c65 ff9f fs3a fc2 sc0 ls24 ws3a\">Ocean and inland freight charges<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b7f w48 h8a\"><div class=\"t m0 x180 h87 y1c65 ffa0 fs3a fc2 sc0 ls21 ws35\">256,<span class=\"_ _2\"></span>110<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b7f w20 h8a\"><div class=\"t m0 x181 h88 y1c65 ff9f fs3a fc2 sc0 ls20 ws36\">273,553<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b80 w64 h86\"><div class=\"t m0 x0 h88 y1bef ff9f fs3a fc2 sc0 ls2a ws5a\">Opera<span class=\"_ _2\"></span>ting e<span class=\"_ _2\"></span><span class=\"ls20 ws36\">mploye<span class=\"_ _2\"></span>e<span class=\"ffa1 ls2e ws5c\">s\u2019</span><span class=\"ls1 ws0\"> <span class=\"ls24 ws3a\">personnel and <span class=\"ls26 ws3d\">benefit expens<span class=\"_ _1\"></span>es</span></span></span></span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"><span class=\"ls26 ws3d\"><span class=\"ls1 ws0\"> </span></span></span></span></span></div></td><td class=\"c x2a2 y2b80 w48 h86\"><div class=\"t m0 x180 h87 y1bef ffa0 fs3a fc2 sc0 ls21 ws35\">246,<span class=\"_ _2\"></span>682<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b80 w20 h86\"><div class=\"t m0 x181 h88 y1bef ff9f fs3a fc2 sc0 ls20 ws36\">220,398<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b81 w64 h86\"><div class=\"t m0 x0 h88 y1bf4 ff9f fs3a fc2 sc0 ls26 ws3d\">Charter and leas<span class=\"_ _1\"></span>e expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b81 w48 h86\"><div class=\"t m0 x180 h87 y1bf4 ffa0 fs3a fc2 sc0 ls21 ws35\">231,<span class=\"_ _2\"></span>161<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b81 w20 h86\"><div class=\"t m0 x181 h88 y1bf4 ff9f fs3a fc2 sc0 ls20 ws36\">353,172<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b82 w64 h8a\"><div class=\"t m0 x0 h88 y1c3f ff9f fs3a fc2 sc0 ls22 ws37\">Port charges<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b82 w48 h8a\"><div class=\"t m0 x180 h87 y1c3f ffa0 fs3a fc2 sc0 ls21 ws35\">170,<span class=\"_ _2\"></span>323<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b82 w20 h8a\"><div class=\"t m0 x181 h88 y1c3f ff9f fs3a fc2 sc0 ls20 ws36\">149,288<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b83 w64 h8b\"><div class=\"t m0 x0 h88 y1f5f ff9f fs3a fc2 sc0 ls2e ws4c\">Maintenance an<span class=\"_ _2\"></span>d repairs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b83 w48 h8b\"><div class=\"t m0 x179 h87 y1f5f ffa0 fs3a fc2 sc0 ls23 ws39\">80,042<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b83 w20 h8b\"><div class=\"t m0 x183 h88 y1f5f ff9f fs3a fc2 sc0 ls20 ws36\">72,617<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b84 w64 h86\"><div class=\"t m0 x0 h88 y1bef ff9f fs3a fc2 sc0 ls29 ws42\">Tank cont<span class=\"_ _2\"></span>ainer ancillar<span class=\"_ _2\"></span>y billable<span class=\"_ _2\"></span> costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b84 w48 h86\"><div class=\"t m0 x179 h87 y1bef ffa0 fs3a fc2 sc0 ls23 ws39\">47,688<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b84 w20 h86\"><div class=\"t m0 x183 h88 y1bef ff9f fs3a fc2 sc0 ls20 ws36\">40,011<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b85 w64 h8a\"><div class=\"t m0 x0 h88 y1bff ff9f fs3a fc2 sc0 ls23 ws4b\">Cleanin<span class=\"_ _1\"></span>g costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b85 w48 h8a\"><div class=\"t m0 x179 h87 y1bff ffa0 fs3a fc2 sc0 ls23 ws39\">45,654<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b85 w20 h8a\"><div class=\"t m0 x183 h88 y1bff ff9f fs3a fc2 sc0 ls20 ws36\">47,643<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b86 w64 h86\"><div class=\"t m0 x0 h88 y1bfa ff9f fs3a fc2 sc0 ls24 ws3b\">Insurance<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b86 w48 h86\"><div class=\"t m0 x179 h87 y1bfa ffa0 fs3a fc2 sc0 ls23 ws39\">41,874<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b86 w20 h86\"><div class=\"t m0 x183 h88 y1bfa ff9f fs3a fc2 sc0 ls20 ws36\">37,746<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b87 w64 h86\"><div class=\"t m0 x0 h88 y1bf8 ff9f fs3a fc2 sc0 ls26 ws3d\">Expenses rela<span class=\"_ _1\"></span>ted to <span class=\"ls1 ws0\">b<span class=\"ls29 ws42\">iological asset<span class=\"_ _2\"></span>s</span></span><span class=\"ls1 ws0\"><span class=\"ls29 ws42\"> <span class=\"_ _2\"></span></span> </span></div></td><td class=\"c x2a2 y2b87 w48 h86\"><div class=\"t m0 x179 h87 y1bf8 ffa0 fs3a fc2 sc0 ls23 ws39\">40,233<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b87 w20 h86\"><div class=\"t m0 x183 h88 y1bf8 ff9f fs3a fc2 sc0 ls20 ws36\">40,015<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b88 w64 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff9f fs3a fc2 sc0 ls26 ws3d\">Service elemen<span class=\"_ _1\"></span>t of leases<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b88 w48 h8a\"><div class=\"t m0 x179 h87 y1bf6 ffa0 fs3a fc2 sc0 ls23 ws39\">39,715<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b88 w20 h8a\"><div class=\"t m0 x183 h88 y1bf6 ff9f fs3a fc2 sc0 ls20 ws36\">24,864<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b89 w64 h86\"><div class=\"t m0 x0 h88 y1c05 ff9f fs3a fc2 sc0 ls29 ws42\">Ship supplies an<span class=\"_ _2\"></span>d pro<span class=\"_ _2\"></span>visions<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b89 w48 h86\"><div class=\"t m0 x179 h87 y1c05 ffa0 fs3a fc2 sc0 ls23 ws39\">35,294<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b89 w20 h86\"><div class=\"t m0 x183 h88 y1c05 ff9f fs3a fc2 sc0 ls20 ws36\">32,404<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b8a w64 h86\"><div class=\"t m0 x0 h88 y1bde ff9f fs3a fc2 sc0 ls24 ws3a\">Repositioning of tank containers<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b8a w48 h86\"><div class=\"t m0 x179 h87 y1bde ffa0 fs3a fc2 sc0 ls23 ws39\">33,467<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b8a w20 h86\"><div class=\"t m0 x183 h88 y1bde ff9f fs3a fc2 sc0 ls20 ws36\">33,586<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b8b w64 h8a\"><div class=\"t m0 x0 h88 y1c2d ff9f fs3a fc2 sc0 ls22 ws37\">Storage and<span class=\"_ _1\"></span> other tank container m<span class=\"_ _1\"></span>ove<span class=\"ls1 ws0\">-<span class=\"ls23 ws4b\">rela<span class=\"_ _1\"></span>ted costs</span></span><span class=\"ls1 ws0\"><span class=\"ls23 ws4b\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2a2 y2b8b w48 h8a\"><div class=\"t m0 x179 h87 y1c2d ffa0 fs3a fc2 sc0 ls23 ws39\">28,841<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b8b w20 h8a\"><div class=\"t m0 x183 h88 y1c2d ff9f fs3a fc2 sc0 ls20 ws36\">26,869<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b8c w64 h86\"><div class=\"t m0 x0 h88 y1bde ff9f fs3a fc2 sc0 ls29 ws42\">Facilities an<span class=\"_ _2\"></span>d utilitie<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b8c w48 h86\"><div class=\"t m0 x179 h87 y1bde ffa0 fs3a fc2 sc0 ls21 ws35\">33,<span class=\"ls1 ws0\">9<span class=\"ls66 ws9d\">41</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b8c w20 h86\"><div class=\"t m0 x183 h88 y1bde ff9f fs3a fc2 sc0 ls20 ws36\">33,035<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b8d w64 h86\"><div class=\"t m0 x0 h88 y1be4 ff9f fs3a fc2 sc0 ls22 ws37\">Cost of LNG p<span class=\"_ _1\"></span>urchased<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b8d w48 h86\"><div class=\"t m0 x179 h87 y1be4 ffa0 fs3a fc2 sc0 ls23 ws39\">25,541<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b8d w20 h86\"><div class=\"t m0 x2d h88 y1be4 ffa1 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff9f\"> </span></div></td></tr><tr><td class=\"c x24b y2b8e w64 h8a\"><div class=\"t m0 x0 h88 y1be6 ff9f fs3a fc2 sc0 ls2a ws45\">Commis<span class=\"_ _2\"></span>sion<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b8e w48 h8a\"><div class=\"t m0 x179 h87 y1be6 ffa0 fs3a fc2 sc0 ls23 ws39\">22,883<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b8e w20 h8a\"><div class=\"t m0 x183 h88 y1be6 ff9f fs3a fc2 sc0 ls20 ws36\">38,258<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b8f w64 h8b\"><div class=\"t m0 x0 h88 y1be4 ff9f fs3a fc2 sc0 ls24 ws3a\">Owning costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b8f w48 h8b\"><div class=\"t m0 x179 h87 y1be4 ffa0 fs3a fc2 sc0 ls23 ws39\">12,891<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b8f w20 h8b\"><div class=\"t m0 x184 h88 y1be4 ff9f fs3a fc2 sc0 ls20 ws36\">9,084<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b90 w64 h86\"><div class=\"t m0 x0 h88 y1be2 ff9f fs3a fc2 sc0 ls22 ws37\">Voyag<span class=\"_ _1\"></span>e costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b90 w48 h86\"><div class=\"t m0 x179 h87 y1be2 ffa0 fs3a fc2 sc0 ls23 ws39\">12,248<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b90 w20 h86\"><div class=\"t m0 x183 h88 y1be2 ff9f fs3a fc2 sc0 ls20 ws36\">18,742<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b91 w64 h8a\"><div class=\"t m0 x0 h88 y1c18 ff9f fs3a fc2 sc0 ls22 ws37\">Regulatory<span class=\"_ _1\"></span> costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b91 w48 h8a\"><div class=\"t m0 x185 h87 y1c18 ffa0 fs3a fc2 sc0 ls21 ws35\">7,12<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b91 w20 h8a\"><div class=\"t m0 x184 h88 y1c18 ff9f fs3a fc2 sc0 ls20 ws36\">7,030<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b92 w64 h86\"><div class=\"t m0 x0 h88 y1bea ff9f fs3a fc2 sc0 ls24 ws3a\">Packing expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b92 w48 h86\"><div class=\"t m0 x185 h87 y1bea ffa0 fs3a fc2 sc0 ls21 ws35\">7,04<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b92 w20 h86\"><div class=\"t m0 x184 h88 y1bea ff9f fs3a fc2 sc0 ls20 ws36\">7,721<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b93 w64 h86\"><div class=\"t m0 x0 h88 y1be8 ff9f fs3a fc2 sc0 ls2e ws4c\">Barging and tran<span class=\"ls1 ws0\">s-<span class=\"ls2a ws45\">shipment<span class=\"_ _2\"></span>s</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b93 w48 h86\"><div class=\"t m0 x185 h87 y1be8 ffa0 fs3a fc2 sc0 ls21 ws35\">6,48<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b93 w20 h86\"><div class=\"t m0 x184 h88 y1be8 ff9f fs3a fc2 sc0 ls20 ws36\">6,669<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b94 w64 h8a\"><div class=\"t m0 x0 h88 y1c65 ff9f fs3a fc2 sc0 ls26 ws3d\">Rail expenses<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b94 w48 h8a\"><div class=\"t m0 x185 h87 y1c65 ffa0 fs3a fc2 sc0 ls21 ws35\">5,12<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b94 w20 h8a\"><div class=\"t m0 x184 h88 y1c65 ff9f fs3a fc2 sc0 ls20 ws36\">5,643<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b95 w64 h86\"><div class=\"t m0 x0 h88 y1be8 ff9f fs3a fc2 sc0 ls29 ws42\">Biological asset<span class=\"_ _2\"></span>s market<span class=\"_ _2\"></span> valuatio<span class=\"_ _2\"></span>n adjustment<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b95 w25 h86\"><div class=\"t m0 x181 h87 y1be8 ffa0 fs3a fc2 sc0 ls21 ws35\">(12,6<span class=\"_ _2\"></span>07)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b95 w20 h86\"><div class=\"t m0 x1a0 h88 y1be8 ff9f fs3a fc2 sc0 ls20 ws36\">699<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b96 w64 h86\"><div class=\"t m0 x0 h88 y1bf4 ff9f fs3a fc2 sc0 ls26 ws3d\">Other expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b96 w48 h86\"><div class=\"t m0 x185 h87 y1bf4 ffa0 fs3a fc2 sc0 ls21 ws35\">1,36<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b96 w20 h86\"><div class=\"t m0 x184 h88 y1bf4 ff9f fs3a fc2 sc0 ls20 ws36\">7,766<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b97 w64 h8c\"><div class=\"t m0 x0 h87 y1c3f ffa0 fs3a fc2 sc0 ls2c ws5a\">Total operating e<span class=\"_ _1\"></span>xpenses<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b97 w48 h8c\"><div class=\"t m0 x17a h87 y1c3f ffa0 fs3a fc2 sc0 ls21 ws35\">1,74<span class=\"_ _2\"></span>6,370<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b97 w20 h8c\"><div class=\"t m0 x17b h88 y1c3f ff9f fs3a fc2 sc0 ls20 ws36\">1,851,010<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>An analysis <span class=\"_ _2\"></span>of administra<span class=\"_ _2\"></span>tive and gene<span class=\"_ _2\"></span>ral expenses is<span class=\"_ _2\"></span> as follows<span class=\"_ _2\"></span>:<span class=\"ls1 ws0\"> </span><table class=\"s w14b h11a\" id=\"_df1fb425-b5b6-4c24-bf15-4ba05bde534e\"><tr><td></td><td class=\"c x2be y2b98 w6a hb7\"><div class=\"t m0 x197 h82 y1f54 ff9f fs3b fc2 sc0 ls19 ws2d\">For<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">the</span> years en<span class=\"_ _2\"></span>ded November <span class=\"ls1b ws2f\">30</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2b99 w152 h102\"><div class=\"t m0 x245 h82 y29a6 ff9f fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2bf h82 y29a7 ff9f fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x2a7 y2b9a w20 h83\"><div class=\"t m0 x177 h85 y1f57 ffa0 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b9a w55 h83\"><div class=\"t m0 x177 h82 y1f57 ff9f fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2b9b w69 h90\"><div class=\"t m0 x0 h88 y1f74 ff9f fs3a fc2 sc0 ls29 ws42\">Administrative<span class=\"_ _2\"></span> and gener<span class=\"_ _2\"></span>al e<span class=\"ls20 ws36\">mplo<span class=\"_ _2\"></span>yee<span class=\"ffa1 ls2e ws5c\">s\u2019</span><span class=\"ls1 ws0\"> <span class=\"ls24 ws3a\">personnel and </span> </span></span></div><div class=\"t m0 x0 h88 y1c65 ff9f fs3a fc2 sc0 ls26 ws3d\">benefit expen<span class=\"_ _1\"></span>ses<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x247 h87 y2b9c ffa0 fs3a fc2 sc0 ls21 ws35\">224,<span class=\"_ _2\"></span>906<span class=\"_ _195\"> </span></td><td class=\"t m0 x2c0 h88 y2b9c ff9f fs3a fc2 sc0 ls20 ws36\">210,913<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x241 y2b9d w69 h86\"><div class=\"t m0 x0 h88 y1be8 ff9f fs3a fc2 sc0 ls24 ws3a\">Information systems<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b9d w20 h86\"><div class=\"t m0 x179 h87 y1be8 ffa0 fs3a fc2 sc0 ls23 ws39\">24,332<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b9d w55 h86\"><div class=\"t m0 x183 h88 y1be8 ff9f fs3a fc2 sc0 ls20 ws36\">19,411<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2b9e w69 h8a\"><div class=\"t m0 x0 h88 y1c65 ff9f fs3a fc2 sc0 ls26 ws3d\">Profession<span class=\"_ _1\"></span>al fees<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b9e w20 h8a\"><div class=\"t m0 x179 h87 y1c65 ffa0 fs3a fc2 sc0 ls23 ws39\">17,105<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b9e w55 h8a\"><div class=\"t m0 x183 h88 y1c65 ff9f fs3a fc2 sc0 ls20 ws36\">13,019<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2b9f w69 h86\"><div class=\"t m0 x0 h88 y1bef ff9f fs3a fc2 sc0 ls26 ws3d\">Travel an<span class=\"_ _1\"></span>d entertainment expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b9f w20 h86\"><div class=\"t m0 x185 h87 y1bef ffa0 fs3a fc2 sc0 ls21 ws35\">9,33<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b9f w55 h86\"><div class=\"t m0 x184 h88 y1bef ff9f fs3a fc2 sc0 ls20 ws36\">7,939<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba0 w69 ha1\"><div class=\"t m0 x0 h88 y1f5f ff9f fs3a fc2 sc0 ls26 ws3d\">Office expenses<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba0 w20 ha1\"><div class=\"t m0 x185 h87 y1f5f ffa0 fs3a fc2 sc0 ls21 ws35\">7,02<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba0 w55 ha1\"><div class=\"t m0 x184 h88 y1f5f ff9f fs3a fc2 sc0 ls20 ws36\">6,924<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba1 w69 h8a\"><div class=\"t m0 x0 h88 y1c3f ff9f fs3a fc2 sc0 ls26 ws5b\">Legal f<span class=\"_ _1\"></span>ees<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba1 w20 h8a\"><div class=\"t m0 x185 h87 y1c3f ffa0 fs3a fc2 sc0 ls21 ws35\">4,48<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba1 w55 h8a\"><div class=\"t m0 x184 h88 y1c3f ff9f fs3a fc2 sc0 ls20 ws36\">2,993<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba2 w69 h86\"><div class=\"t m0 x0 h88 y1c4c ff9f fs3a fc2 sc0 ls29 ws42\">Investor<span class=\"_ _2\"></span> relations a<span class=\"_ _2\"></span>nd publicity<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba2 w20 h86\"><div class=\"t m0 x185 h87 y1c4c ffa0 fs3a fc2 sc0 ls21 ws35\">2,83<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba2 w55 h86\"><div class=\"t m0 x184 h88 y1c4c ff9f fs3a fc2 sc0 ls20 ws36\">2,886<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba3 w69 h86\"><div class=\"t m0 x0 h88 y1bef ff9f fs3a fc2 sc0 ls26 ws3d\">Office leas<span class=\"_ _1\"></span>e expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba3 w20 h86\"><div class=\"t m0 x185 h87 y1bef ffa0 fs3a fc2 sc0 ls21 ws35\">1,58<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba3 w55 h86\"><div class=\"t m0 x184 h88 y1bef ff9f fs3a fc2 sc0 ls20 ws36\">1,692<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba4 w69 h8a\"><div class=\"t m0 x0 h88 y1c4d ff9f fs3a fc2 sc0 ls26 ws3d\">Board fees<span class=\"_ _1\"></span> and expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba4 w20 h8a\"><div class=\"t m0 x185 h87 y1c4d ffa0 fs3a fc2 sc0 ls21 ws35\">1,37<span class=\"_ _2\"></span>9<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba4 w55 h8a\"><div class=\"t m0 x184 h88 y1c4d ff9f fs3a fc2 sc0 ls20 ws36\">1,948<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba5 w69 h86\"><div class=\"t m0 x0 h88 y1bfa ff9f fs3a fc2 sc0 ls24 ws3a\">Management fee to joint venture<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba5 w20 h86\"><div class=\"t m0 x185 h87 y1bfa ffa0 fs3a fc2 sc0 ls21 ws35\">1,47<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba5 w55 h86\"><div class=\"t m0 x184 h88 y1bfa ff9f fs3a fc2 sc0 ls20 ws36\">1,838<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba6 w69 h86\"><div class=\"t m0 x0 h88 y1bf8 ff9f fs3a fc2 sc0 ls24 ws3a\">Communication expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba6 w20 h86\"><div class=\"t m0 x177 h87 y1bf8 ffa0 fs3a fc2 sc0 ls21 ws35\">856<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba6 w55 h86\"><div class=\"t m0 x1a0 h88 y1bf8 ff9f fs3a fc2 sc0 ls20 ws36\">761<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba7 w69 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff9f fs3a fc2 sc0 ls24 ws3a\">Bank non<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls26 ws3d\">interest fees</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2a7 y2ba7 w20 h8a\"><div class=\"t m0 x185 h87 y1bf6 ffa0 fs3a fc2 sc0 ls21 ws35\">2,00<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba7 w55 h8a\"><div class=\"t m0 x184 h88 y1bf6 ff9f fs3a fc2 sc0 ls20 ws36\">1,283<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba8 w69 h86\"><div class=\"t m0 x0 h88 y1c05 ff9f fs3a fc2 sc0 ls2a ws45\">Othe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba8 w20 h86\"><div class=\"t m0 x185 h87 y1c05 ffa0 fs3a fc2 sc0 ls21 ws35\">3,48<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba8 w55 h86\"><div class=\"t m0 x184 h88 y1c05 ff9f fs3a fc2 sc0 ls20 ws36\">2,480<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba9 w69 h86\"><div class=\"t m0 x0 h87 y1bde ffa0 fs3a fc2 sc0 ls2c ws5a\">Total administr<span class=\"_ _1\"></span>ative and general expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba9 w20 h86\"><div class=\"t m0 x180 h87 y1bde ffa0 fs3a fc2 sc0 ls21 ws35\">300,<span class=\"_ _2\"></span>794<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba9 w55 h86\"><div class=\"t m0 x181 h88 y1bde ff9f fs3a fc2 sc0 ls20 ws36\">274,087<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table><div class=\"t m0 h98 ff19c fs39 fc2 sc0 ls2f ws70 gs4e9\">Commitment fee<span class=\"_ _2\"></span>s for unused <span class=\"_ _2\"></span>lines of c<span class=\"_ _2\"></span>redit were $<span class=\"_ _2\"></span><span class=\"ls48 ws72\">2.6<span class=\"ls1 ws0\"> </span></span>million and $<span class=\"ls48 ws72\">3<span class=\"_ _2\"></span>.1<span class=\"ls1 ws0\"> </span></span>million for t<span class=\"_ _2\"></span>he years ended </div><div class=\"t m0 h98 ff19c fs39 fc2 sc0 ls4b ws77 gs4ea\">Novemb<span class=\"_ _2\"></span>er<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">30, 202</span>5 <span class=\"_ _1\"></span><span class=\"ls30 ws52\">and<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ls31 ws53\">202<span class=\"ls1 ws0\">4, <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">respectively<span class=\"_ _2\"></span>. <span class=\"ls1 ws0\"> </span></span></span></span></span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFeeAndCommissionIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-663": {
   "value": "Operating expen<span class=\"_ _2\"></span>ses comprised <span class=\"_ _2\"></span>the followi<span class=\"_ _2\"></span>ng:<span class=\"ls1 ws0\"> </span><table class=\"s w151 h119\" id=\"_24b83571-3e16-4d5c-ac54-88adeed43c4d\"><tr><td></td><td class=\"c x2bd y2b7b w68 hb7\"><div class=\"t m0 x197 h82 y1f54 ff9f fs3b fc2 sc0 ls1 ws0\"> <span class=\"ls19 ws2d\"></span><span class=\"ls19 ws2d\">For</span> <span class=\"ls1a ws2e\">the</span> years end<span class=\"_ _2\"></span>ed November <span class=\"ls1b ws2f\">30</span> </div></td><td></td></tr><tr><td class=\"c x246 y2b7c w14a h102\"><div class=\"t m0 x245 h82 y29a6 ff9f fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2a3 h82 y29a7 ff9f fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x2a2 y2b7d w48 h83\"><div class=\"t m0 x177 h85 y1f57 ffa0 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b7d w20 h83\"><div class=\"t m0 x177 h82 y1f57 ff9f fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b7e w64 h86\"><div class=\"t m0 x0 h88 y1be8 ff9f fs3a fc2 sc0 ls24 ws3a\">Bunker fuel costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b7e w48 h86\"><div class=\"t m0 x180 h87 y1be8 ffa0 fs3a fc2 sc0 ls21 ws35\">327,<span class=\"_ _2\"></span>239<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b7e w20 h86\"><div class=\"t m0 x181 h88 y1be8 ff9f fs3a fc2 sc0 ls20 ws36\">364,197<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b7f w64 h8a\"><div class=\"t m0 x0 h88 y1c65 ff9f fs3a fc2 sc0 ls24 ws3a\">Ocean and inland freight charges<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b7f w48 h8a\"><div class=\"t m0 x180 h87 y1c65 ffa0 fs3a fc2 sc0 ls21 ws35\">256,<span class=\"_ _2\"></span>110<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b7f w20 h8a\"><div class=\"t m0 x181 h88 y1c65 ff9f fs3a fc2 sc0 ls20 ws36\">273,553<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b80 w64 h86\"><div class=\"t m0 x0 h88 y1bef ff9f fs3a fc2 sc0 ls2a ws5a\">Opera<span class=\"_ _2\"></span>ting e<span class=\"_ _2\"></span><span class=\"ls20 ws36\">mploye<span class=\"_ _2\"></span>e<span class=\"ffa1 ls2e ws5c\">s\u2019</span><span class=\"ls1 ws0\"> <span class=\"ls24 ws3a\">personnel and <span class=\"ls26 ws3d\">benefit expens<span class=\"_ _1\"></span>es</span></span></span></span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"><span class=\"ls26 ws3d\"><span class=\"ls1 ws0\"> </span></span></span></span></span></div></td><td class=\"c x2a2 y2b80 w48 h86\"><div class=\"t m0 x180 h87 y1bef ffa0 fs3a fc2 sc0 ls21 ws35\">246,<span class=\"_ _2\"></span>682<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b80 w20 h86\"><div class=\"t m0 x181 h88 y1bef ff9f fs3a fc2 sc0 ls20 ws36\">220,398<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b81 w64 h86\"><div class=\"t m0 x0 h88 y1bf4 ff9f fs3a fc2 sc0 ls26 ws3d\">Charter and leas<span class=\"_ _1\"></span>e expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b81 w48 h86\"><div class=\"t m0 x180 h87 y1bf4 ffa0 fs3a fc2 sc0 ls21 ws35\">231,<span class=\"_ _2\"></span>161<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b81 w20 h86\"><div class=\"t m0 x181 h88 y1bf4 ff9f fs3a fc2 sc0 ls20 ws36\">353,172<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b82 w64 h8a\"><div class=\"t m0 x0 h88 y1c3f ff9f fs3a fc2 sc0 ls22 ws37\">Port charges<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b82 w48 h8a\"><div class=\"t m0 x180 h87 y1c3f ffa0 fs3a fc2 sc0 ls21 ws35\">170,<span class=\"_ _2\"></span>323<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b82 w20 h8a\"><div class=\"t m0 x181 h88 y1c3f ff9f fs3a fc2 sc0 ls20 ws36\">149,288<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b83 w64 h8b\"><div class=\"t m0 x0 h88 y1f5f ff9f fs3a fc2 sc0 ls2e ws4c\">Maintenance an<span class=\"_ _2\"></span>d repairs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b83 w48 h8b\"><div class=\"t m0 x179 h87 y1f5f ffa0 fs3a fc2 sc0 ls23 ws39\">80,042<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b83 w20 h8b\"><div class=\"t m0 x183 h88 y1f5f ff9f fs3a fc2 sc0 ls20 ws36\">72,617<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b84 w64 h86\"><div class=\"t m0 x0 h88 y1bef ff9f fs3a fc2 sc0 ls29 ws42\">Tank cont<span class=\"_ _2\"></span>ainer ancillar<span class=\"_ _2\"></span>y billable<span class=\"_ _2\"></span> costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b84 w48 h86\"><div class=\"t m0 x179 h87 y1bef ffa0 fs3a fc2 sc0 ls23 ws39\">47,688<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b84 w20 h86\"><div class=\"t m0 x183 h88 y1bef ff9f fs3a fc2 sc0 ls20 ws36\">40,011<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b85 w64 h8a\"><div class=\"t m0 x0 h88 y1bff ff9f fs3a fc2 sc0 ls23 ws4b\">Cleanin<span class=\"_ _1\"></span>g costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b85 w48 h8a\"><div class=\"t m0 x179 h87 y1bff ffa0 fs3a fc2 sc0 ls23 ws39\">45,654<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b85 w20 h8a\"><div class=\"t m0 x183 h88 y1bff ff9f fs3a fc2 sc0 ls20 ws36\">47,643<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b86 w64 h86\"><div class=\"t m0 x0 h88 y1bfa ff9f fs3a fc2 sc0 ls24 ws3b\">Insurance<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b86 w48 h86\"><div class=\"t m0 x179 h87 y1bfa ffa0 fs3a fc2 sc0 ls23 ws39\">41,874<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b86 w20 h86\"><div class=\"t m0 x183 h88 y1bfa ff9f fs3a fc2 sc0 ls20 ws36\">37,746<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b87 w64 h86\"><div class=\"t m0 x0 h88 y1bf8 ff9f fs3a fc2 sc0 ls26 ws3d\">Expenses rela<span class=\"_ _1\"></span>ted to <span class=\"ls1 ws0\">b<span class=\"ls29 ws42\">iological asset<span class=\"_ _2\"></span>s</span></span><span class=\"ls1 ws0\"><span class=\"ls29 ws42\"> <span class=\"_ _2\"></span></span> </span></div></td><td class=\"c x2a2 y2b87 w48 h86\"><div class=\"t m0 x179 h87 y1bf8 ffa0 fs3a fc2 sc0 ls23 ws39\">40,233<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b87 w20 h86\"><div class=\"t m0 x183 h88 y1bf8 ff9f fs3a fc2 sc0 ls20 ws36\">40,015<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b88 w64 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff9f fs3a fc2 sc0 ls26 ws3d\">Service elemen<span class=\"_ _1\"></span>t of leases<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b88 w48 h8a\"><div class=\"t m0 x179 h87 y1bf6 ffa0 fs3a fc2 sc0 ls23 ws39\">39,715<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b88 w20 h8a\"><div class=\"t m0 x183 h88 y1bf6 ff9f fs3a fc2 sc0 ls20 ws36\">24,864<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b89 w64 h86\"><div class=\"t m0 x0 h88 y1c05 ff9f fs3a fc2 sc0 ls29 ws42\">Ship supplies an<span class=\"_ _2\"></span>d pro<span class=\"_ _2\"></span>visions<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b89 w48 h86\"><div class=\"t m0 x179 h87 y1c05 ffa0 fs3a fc2 sc0 ls23 ws39\">35,294<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b89 w20 h86\"><div class=\"t m0 x183 h88 y1c05 ff9f fs3a fc2 sc0 ls20 ws36\">32,404<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b8a w64 h86\"><div class=\"t m0 x0 h88 y1bde ff9f fs3a fc2 sc0 ls24 ws3a\">Repositioning of tank containers<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b8a w48 h86\"><div class=\"t m0 x179 h87 y1bde ffa0 fs3a fc2 sc0 ls23 ws39\">33,467<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b8a w20 h86\"><div class=\"t m0 x183 h88 y1bde ff9f fs3a fc2 sc0 ls20 ws36\">33,586<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b8b w64 h8a\"><div class=\"t m0 x0 h88 y1c2d ff9f fs3a fc2 sc0 ls22 ws37\">Storage and<span class=\"_ _1\"></span> other tank container m<span class=\"_ _1\"></span>ove<span class=\"ls1 ws0\">-<span class=\"ls23 ws4b\">rela<span class=\"_ _1\"></span>ted costs</span></span><span class=\"ls1 ws0\"><span class=\"ls23 ws4b\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2a2 y2b8b w48 h8a\"><div class=\"t m0 x179 h87 y1c2d ffa0 fs3a fc2 sc0 ls23 ws39\">28,841<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b8b w20 h8a\"><div class=\"t m0 x183 h88 y1c2d ff9f fs3a fc2 sc0 ls20 ws36\">26,869<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b8c w64 h86\"><div class=\"t m0 x0 h88 y1bde ff9f fs3a fc2 sc0 ls29 ws42\">Facilities an<span class=\"_ _2\"></span>d utilitie<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b8c w48 h86\"><div class=\"t m0 x179 h87 y1bde ffa0 fs3a fc2 sc0 ls21 ws35\">33,<span class=\"ls1 ws0\">9<span class=\"ls66 ws9d\">41</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b8c w20 h86\"><div class=\"t m0 x183 h88 y1bde ff9f fs3a fc2 sc0 ls20 ws36\">33,035<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b8d w64 h86\"><div class=\"t m0 x0 h88 y1be4 ff9f fs3a fc2 sc0 ls22 ws37\">Cost of LNG p<span class=\"_ _1\"></span>urchased<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b8d w48 h86\"><div class=\"t m0 x179 h87 y1be4 ffa0 fs3a fc2 sc0 ls23 ws39\">25,541<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b8d w20 h86\"><div class=\"t m0 x2d h88 y1be4 ffa1 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff9f\"> </span></div></td></tr><tr><td class=\"c x24b y2b8e w64 h8a\"><div class=\"t m0 x0 h88 y1be6 ff9f fs3a fc2 sc0 ls2a ws45\">Commis<span class=\"_ _2\"></span>sion<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b8e w48 h8a\"><div class=\"t m0 x179 h87 y1be6 ffa0 fs3a fc2 sc0 ls23 ws39\">22,883<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b8e w20 h8a\"><div class=\"t m0 x183 h88 y1be6 ff9f fs3a fc2 sc0 ls20 ws36\">38,258<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b8f w64 h8b\"><div class=\"t m0 x0 h88 y1be4 ff9f fs3a fc2 sc0 ls24 ws3a\">Owning costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b8f w48 h8b\"><div class=\"t m0 x179 h87 y1be4 ffa0 fs3a fc2 sc0 ls23 ws39\">12,891<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b8f w20 h8b\"><div class=\"t m0 x184 h88 y1be4 ff9f fs3a fc2 sc0 ls20 ws36\">9,084<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b90 w64 h86\"><div class=\"t m0 x0 h88 y1be2 ff9f fs3a fc2 sc0 ls22 ws37\">Voyag<span class=\"_ _1\"></span>e costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b90 w48 h86\"><div class=\"t m0 x179 h87 y1be2 ffa0 fs3a fc2 sc0 ls23 ws39\">12,248<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b90 w20 h86\"><div class=\"t m0 x183 h88 y1be2 ff9f fs3a fc2 sc0 ls20 ws36\">18,742<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b91 w64 h8a\"><div class=\"t m0 x0 h88 y1c18 ff9f fs3a fc2 sc0 ls22 ws37\">Regulatory<span class=\"_ _1\"></span> costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b91 w48 h8a\"><div class=\"t m0 x185 h87 y1c18 ffa0 fs3a fc2 sc0 ls21 ws35\">7,12<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b91 w20 h8a\"><div class=\"t m0 x184 h88 y1c18 ff9f fs3a fc2 sc0 ls20 ws36\">7,030<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b92 w64 h86\"><div class=\"t m0 x0 h88 y1bea ff9f fs3a fc2 sc0 ls24 ws3a\">Packing expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b92 w48 h86\"><div class=\"t m0 x185 h87 y1bea ffa0 fs3a fc2 sc0 ls21 ws35\">7,04<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b92 w20 h86\"><div class=\"t m0 x184 h88 y1bea ff9f fs3a fc2 sc0 ls20 ws36\">7,721<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b93 w64 h86\"><div class=\"t m0 x0 h88 y1be8 ff9f fs3a fc2 sc0 ls2e ws4c\">Barging and tran<span class=\"ls1 ws0\">s-<span class=\"ls2a ws45\">shipment<span class=\"_ _2\"></span>s</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b93 w48 h86\"><div class=\"t m0 x185 h87 y1be8 ffa0 fs3a fc2 sc0 ls21 ws35\">6,48<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b93 w20 h86\"><div class=\"t m0 x184 h88 y1be8 ff9f fs3a fc2 sc0 ls20 ws36\">6,669<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b94 w64 h8a\"><div class=\"t m0 x0 h88 y1c65 ff9f fs3a fc2 sc0 ls26 ws3d\">Rail expenses<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b94 w48 h8a\"><div class=\"t m0 x185 h87 y1c65 ffa0 fs3a fc2 sc0 ls21 ws35\">5,12<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b94 w20 h8a\"><div class=\"t m0 x184 h88 y1c65 ff9f fs3a fc2 sc0 ls20 ws36\">5,643<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b95 w64 h86\"><div class=\"t m0 x0 h88 y1be8 ff9f fs3a fc2 sc0 ls29 ws42\">Biological asset<span class=\"_ _2\"></span>s market<span class=\"_ _2\"></span> valuatio<span class=\"_ _2\"></span>n adjustment<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b95 w25 h86\"><div class=\"t m0 x181 h87 y1be8 ffa0 fs3a fc2 sc0 ls21 ws35\">(12,6<span class=\"_ _2\"></span>07)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b95 w20 h86\"><div class=\"t m0 x1a0 h88 y1be8 ff9f fs3a fc2 sc0 ls20 ws36\">699<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b96 w64 h86\"><div class=\"t m0 x0 h88 y1bf4 ff9f fs3a fc2 sc0 ls26 ws3d\">Other expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b96 w48 h86\"><div class=\"t m0 x185 h87 y1bf4 ffa0 fs3a fc2 sc0 ls21 ws35\">1,36<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b96 w20 h86\"><div class=\"t m0 x184 h88 y1bf4 ff9f fs3a fc2 sc0 ls20 ws36\">7,766<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2b97 w64 h8c\"><div class=\"t m0 x0 h87 y1c3f ffa0 fs3a fc2 sc0 ls2c ws5a\">Total operating e<span class=\"_ _1\"></span>xpenses<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2b97 w48 h8c\"><div class=\"t m0 x17a h87 y1c3f ffa0 fs3a fc2 sc0 ls21 ws35\">1,74<span class=\"_ _2\"></span>6,370<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2b97 w20 h8c\"><div class=\"t m0 x17b h88 y1c3f ff9f fs3a fc2 sc0 ls20 ws36\">1,851,010<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>An analysis <span class=\"_ _2\"></span>of administra<span class=\"_ _2\"></span>tive and gene<span class=\"_ _2\"></span>ral expenses is<span class=\"_ _2\"></span> as follows<span class=\"_ _2\"></span>:<span class=\"ls1 ws0\"> </span><table class=\"s w14b h11a\" id=\"_df1fb425-b5b6-4c24-bf15-4ba05bde534e\"><tr><td></td><td class=\"c x2be y2b98 w6a hb7\"><div class=\"t m0 x197 h82 y1f54 ff9f fs3b fc2 sc0 ls19 ws2d\">For<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">the</span> years en<span class=\"_ _2\"></span>ded November <span class=\"ls1b ws2f\">30</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2b99 w152 h102\"><div class=\"t m0 x245 h82 y29a6 ff9f fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2bf h82 y29a7 ff9f fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x2a7 y2b9a w20 h83\"><div class=\"t m0 x177 h85 y1f57 ffa0 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b9a w55 h83\"><div class=\"t m0 x177 h82 y1f57 ff9f fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2b9b w69 h90\"><div class=\"t m0 x0 h88 y1f74 ff9f fs3a fc2 sc0 ls29 ws42\">Administrative<span class=\"_ _2\"></span> and gener<span class=\"_ _2\"></span>al e<span class=\"ls20 ws36\">mplo<span class=\"_ _2\"></span>yee<span class=\"ffa1 ls2e ws5c\">s\u2019</span><span class=\"ls1 ws0\"> <span class=\"ls24 ws3a\">personnel and </span> </span></span></div><div class=\"t m0 x0 h88 y1c65 ff9f fs3a fc2 sc0 ls26 ws3d\">benefit expen<span class=\"_ _1\"></span>ses<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x247 h87 y2b9c ffa0 fs3a fc2 sc0 ls21 ws35\">224,<span class=\"_ _2\"></span>906<span class=\"_ _195\"> </span></td><td class=\"t m0 x2c0 h88 y2b9c ff9f fs3a fc2 sc0 ls20 ws36\">210,913<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x241 y2b9d w69 h86\"><div class=\"t m0 x0 h88 y1be8 ff9f fs3a fc2 sc0 ls24 ws3a\">Information systems<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b9d w20 h86\"><div class=\"t m0 x179 h87 y1be8 ffa0 fs3a fc2 sc0 ls23 ws39\">24,332<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b9d w55 h86\"><div class=\"t m0 x183 h88 y1be8 ff9f fs3a fc2 sc0 ls20 ws36\">19,411<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2b9e w69 h8a\"><div class=\"t m0 x0 h88 y1c65 ff9f fs3a fc2 sc0 ls26 ws3d\">Profession<span class=\"_ _1\"></span>al fees<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b9e w20 h8a\"><div class=\"t m0 x179 h87 y1c65 ffa0 fs3a fc2 sc0 ls23 ws39\">17,105<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b9e w55 h8a\"><div class=\"t m0 x183 h88 y1c65 ff9f fs3a fc2 sc0 ls20 ws36\">13,019<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2b9f w69 h86\"><div class=\"t m0 x0 h88 y1bef ff9f fs3a fc2 sc0 ls26 ws3d\">Travel an<span class=\"_ _1\"></span>d entertainment expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b9f w20 h86\"><div class=\"t m0 x185 h87 y1bef ffa0 fs3a fc2 sc0 ls21 ws35\">9,33<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b9f w55 h86\"><div class=\"t m0 x184 h88 y1bef ff9f fs3a fc2 sc0 ls20 ws36\">7,939<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba0 w69 ha1\"><div class=\"t m0 x0 h88 y1f5f ff9f fs3a fc2 sc0 ls26 ws3d\">Office expenses<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba0 w20 ha1\"><div class=\"t m0 x185 h87 y1f5f ffa0 fs3a fc2 sc0 ls21 ws35\">7,02<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba0 w55 ha1\"><div class=\"t m0 x184 h88 y1f5f ff9f fs3a fc2 sc0 ls20 ws36\">6,924<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba1 w69 h8a\"><div class=\"t m0 x0 h88 y1c3f ff9f fs3a fc2 sc0 ls26 ws5b\">Legal f<span class=\"_ _1\"></span>ees<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba1 w20 h8a\"><div class=\"t m0 x185 h87 y1c3f ffa0 fs3a fc2 sc0 ls21 ws35\">4,48<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba1 w55 h8a\"><div class=\"t m0 x184 h88 y1c3f ff9f fs3a fc2 sc0 ls20 ws36\">2,993<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba2 w69 h86\"><div class=\"t m0 x0 h88 y1c4c ff9f fs3a fc2 sc0 ls29 ws42\">Investor<span class=\"_ _2\"></span> relations a<span class=\"_ _2\"></span>nd publicity<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba2 w20 h86\"><div class=\"t m0 x185 h87 y1c4c ffa0 fs3a fc2 sc0 ls21 ws35\">2,83<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba2 w55 h86\"><div class=\"t m0 x184 h88 y1c4c ff9f fs3a fc2 sc0 ls20 ws36\">2,886<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba3 w69 h86\"><div class=\"t m0 x0 h88 y1bef ff9f fs3a fc2 sc0 ls26 ws3d\">Office leas<span class=\"_ _1\"></span>e expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba3 w20 h86\"><div class=\"t m0 x185 h87 y1bef ffa0 fs3a fc2 sc0 ls21 ws35\">1,58<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba3 w55 h86\"><div class=\"t m0 x184 h88 y1bef ff9f fs3a fc2 sc0 ls20 ws36\">1,692<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba4 w69 h8a\"><div class=\"t m0 x0 h88 y1c4d ff9f fs3a fc2 sc0 ls26 ws3d\">Board fees<span class=\"_ _1\"></span> and expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba4 w20 h8a\"><div class=\"t m0 x185 h87 y1c4d ffa0 fs3a fc2 sc0 ls21 ws35\">1,37<span class=\"_ _2\"></span>9<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba4 w55 h8a\"><div class=\"t m0 x184 h88 y1c4d ff9f fs3a fc2 sc0 ls20 ws36\">1,948<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba5 w69 h86\"><div class=\"t m0 x0 h88 y1bfa ff9f fs3a fc2 sc0 ls24 ws3a\">Management fee to joint venture<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba5 w20 h86\"><div class=\"t m0 x185 h87 y1bfa ffa0 fs3a fc2 sc0 ls21 ws35\">1,47<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba5 w55 h86\"><div class=\"t m0 x184 h88 y1bfa ff9f fs3a fc2 sc0 ls20 ws36\">1,838<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba6 w69 h86\"><div class=\"t m0 x0 h88 y1bf8 ff9f fs3a fc2 sc0 ls24 ws3a\">Communication expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba6 w20 h86\"><div class=\"t m0 x177 h87 y1bf8 ffa0 fs3a fc2 sc0 ls21 ws35\">856<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba6 w55 h86\"><div class=\"t m0 x1a0 h88 y1bf8 ff9f fs3a fc2 sc0 ls20 ws36\">761<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba7 w69 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff9f fs3a fc2 sc0 ls24 ws3a\">Bank non<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls26 ws3d\">interest fees</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2a7 y2ba7 w20 h8a\"><div class=\"t m0 x185 h87 y1bf6 ffa0 fs3a fc2 sc0 ls21 ws35\">2,00<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba7 w55 h8a\"><div class=\"t m0 x184 h88 y1bf6 ff9f fs3a fc2 sc0 ls20 ws36\">1,283<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba8 w69 h86\"><div class=\"t m0 x0 h88 y1c05 ff9f fs3a fc2 sc0 ls2a ws45\">Othe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba8 w20 h86\"><div class=\"t m0 x185 h87 y1c05 ffa0 fs3a fc2 sc0 ls21 ws35\">3,48<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba8 w55 h86\"><div class=\"t m0 x184 h88 y1c05 ff9f fs3a fc2 sc0 ls20 ws36\">2,480<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba9 w69 h86\"><div class=\"t m0 x0 h87 y1bde ffa0 fs3a fc2 sc0 ls2c ws5a\">Total administr<span class=\"_ _1\"></span>ative and general expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba9 w20 h86\"><div class=\"t m0 x180 h87 y1bde ffa0 fs3a fc2 sc0 ls21 ws35\">300,<span class=\"_ _2\"></span>794<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba9 w55 h86\"><div class=\"t m0 x181 h88 y1bde ff9f fs3a fc2 sc0 ls20 ws36\">274,087<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>15<span class=\"ls79 wsa2\">. </span>Right-<span class=\"ls71 wsb3\">of</span>-use Assets and Lease Liabilities  Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span>(i) Right<span class=\"ls1 ws0\">-<span class=\"ls6e wsb0\">of</span>-<span class=\"_ _1\"></span><span class=\"ls31 ws7d\">use assets<span class=\"ls1 ws0\"> </span></span></span>Right<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls53 ws80\">of</span>-<span class=\"ls49 wsaa\">use ass<span class=\"_ _2\"></span>ets a<span class=\"_ _2\"></span>re m<span class=\"_ _2\"></span>eas<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>d init<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span>ly at<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>st b<span class=\"_ _2\"></span>ased<span class=\"_ _2\"></span> on<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>asso<span class=\"_ _2\"></span>ciat<span class=\"_ _2\"></span>ed l<span class=\"_ _2\"></span>ease<span class=\"_ _2\"></span> li<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>ity,<span class=\"_ _2\"></span> adj<span class=\"_ _2\"></span>ust<span class=\"_ _2\"></span>ed f<span class=\"_ _2\"></span>or </span></span>any p<span class=\"_ _2\"></span>ayme<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span> made<span class=\"_ _2\"></span> bef<span class=\"_ _2\"></span>ore<span class=\"_ _2\"></span> ince<span class=\"_ _2\"></span>pt<span class=\"_ _2\"></span>ion, i<span class=\"_ _2\"></span>nit<span class=\"_ _2\"></span>ial d<span class=\"_ _2\"></span>ir<span class=\"_ _2\"></span>ect c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd an<span class=\"_ _2\"></span> est<span class=\"_ _2\"></span>imat<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> dis<span class=\"_ _2\"></span>ma<span class=\"_ _2\"></span>ntli<span class=\"_ _2\"></span>ng, r<span class=\"_ _2\"></span>emov<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> and restoration co<span class=\"_ _2\"></span>sts required i<span class=\"_ _2\"></span>n the term<span class=\"_ _2\"></span>s of the<span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">leas<span class=\"_ _2\"></span>e.</span> </span>Subse<span class=\"_ _2\"></span>que<span class=\"_ _2\"></span>nt t<span class=\"_ _2\"></span>o ini<span class=\"_ _2\"></span>tial<span class=\"_ _2\"></span> re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on, <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> <span class=\"ls2f ws2f\">depreci<span class=\"_ _2\"></span>ates the rig<span class=\"_ _2\"></span>ht<span class=\"ls1 ws0\">-<span class=\"ls55 ws73\">of</span>-<span class=\"_ _1\"></span><span class=\"ls48 ws32\">use asset<span class=\"_ _2\"></span>s over t<span class=\"_ _2\"></span>he term<span class=\"_ _2\"></span> of the<span class=\"_ _2\"></span> </span></span></span>leas<span class=\"_ _2\"></span>e or,<span class=\"_ _2\"></span> if<span class=\"_ _2\"></span> sho<span class=\"_ _2\"></span>rter<span class=\"_ _2\"></span>, th<span class=\"_ _2\"></span>e le<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span>d as<span class=\"_ _2\"></span>set\u2019<span class=\"_ _2\"></span>s re<span class=\"_ _2\"></span>mai<span class=\"_ _2\"></span>ning<span class=\"_ _2\"></span> eco<span class=\"_ _2\"></span>nomic<span class=\"_ _2\"></span> li<span class=\"_ _2\"></span>fe.<span class=\"_ _2\"></span><span class=\"fffe ls1 ws0\"> </span>(ii) Lease lia<span class=\"_ _2\"></span>bilities<span class=\"ls1 ws0\"> </span>In resp<span class=\"_ _2\"></span>ect of<span class=\"_ _2\"></span> le<span class=\"_ _2\"></span>ases <span class=\"_ _2\"></span>of lo<span class=\"_ _2\"></span>w<span class=\"ls1 ws0\">-<span class=\"ls49 wsaa\">value<span class=\"_ _2\"></span> it<span class=\"_ _2\"></span>ems a<span class=\"_ _2\"></span>nd t<span class=\"_ _2\"></span>hose<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>at ar<span class=\"_ _2\"></span>e le<span class=\"_ _2\"></span>ss t<span class=\"_ _2\"></span>han<span class=\"_ _2\"></span> 12 m<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>hs at<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>ncepti<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n of t<span class=\"_ _2\"></span>he </span></span>lease, th<span class=\"_ _2\"></span>e Group r<span class=\"_ _2\"></span>ecogni<span class=\"_ _2\"></span>ses an ex<span class=\"_ _2\"></span>pense <span class=\"_ _2\"></span>on a st<span class=\"_ _2\"></span>raight<span class=\"ls1 ws0\">-</span>line basi<span class=\"_ _2\"></span>s over t<span class=\"_ _2\"></span>he life <span class=\"_ _2\"></span>of the l<span class=\"_ _2\"></span>ease.<span class=\"_ _2\"></span> For all <span class=\"_ _2\"></span>other leas<span class=\"_ _2\"></span>es, t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>og<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>s a r<span class=\"_ _2\"></span>ig<span class=\"_ _2\"></span>ht<span class=\"ls1 ws0\">-<span class=\"ls53 ws80\">of</span>-</span><span class=\"ws7c\">use ass</span>e<span class=\"_ _2\"></span>t a<span class=\"_ _2\"></span>nd c<span class=\"_ _2\"></span>orre<span class=\"_ _2\"></span>spond<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> li<span class=\"_ _2\"></span>abili<span class=\"_ _2\"></span>ty at<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e d<span class=\"_ _2\"></span>ate t<span class=\"_ _2\"></span>he l<span class=\"_ _2\"></span>eas<span class=\"_ _2\"></span>ed asset<span class=\"_ _2\"></span> is <span class=\"_ _2\"></span>mad<span class=\"_ _2\"></span>e av<span class=\"_ _2\"></span>ailab<span class=\"_ _2\"></span>le <span class=\"_ _2\"></span>to t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Leas<span class=\"_ _2\"></span>e li<span class=\"_ _2\"></span>abili<span class=\"_ _2\"></span>tie<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e me<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>at t<span class=\"_ _2\"></span>he pr<span class=\"_ _2\"></span>ese<span class=\"_ _2\"></span>nt v<span class=\"_ _2\"></span>alue <span class=\"_ _2\"></span>of t<span class=\"_ _2\"></span>he f<span class=\"_ _2\"></span>ut<span class=\"_ _2\"></span>ure l<span class=\"_ _2\"></span>ease<span class=\"_ _2\"></span> paym<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s, ex<span class=\"_ _2\"></span>cl<span class=\"_ _2\"></span>uding<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span>ny payme<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng to<span class=\"_ _2\"></span> non<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span>lease<span class=\"_ _2\"></span> comp<span class=\"_ _2\"></span>one<span class=\"_ _2\"></span>nts.<span class=\"_ _2\"></span> Fut<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span> leas<span class=\"_ _2\"></span>e pa<span class=\"_ _2\"></span>yme<span class=\"_ _2\"></span>nts i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>ude op<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he ex<span class=\"_ _2\"></span>tent<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>hat it is reasonably certain that such <span class=\"_ _2\"></span>payments will be made. Th<span class=\"ls1 ws0\">e<span class=\"ff100\"> <span class=\"_ _1\"></span><span class=\"fffe ls49 wsaa\">p<span class=\"_ _2\"></span>aym<span class=\"_ _2\"></span>ents <span class=\"_ _2\"></span>are<span class=\"_ _2\"></span> disc<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>at t<span class=\"_ _2\"></span>he rat<span class=\"_ _2\"></span>e </span></span></span>impl<span class=\"_ _2\"></span>icit<span class=\"_ _2\"></span> in t<span class=\"_ _2\"></span>he l<span class=\"_ _2\"></span>eas<span class=\"_ _2\"></span>e or<span class=\"_ _2\"></span>, whe<span class=\"_ _2\"></span>re t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> ca<span class=\"_ _2\"></span>nnot<span class=\"_ _2\"></span> be m<span class=\"_ _2\"></span>ea<span class=\"_ _2\"></span>sured<span class=\"_ _2\"></span>, at<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span>n incr<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>ntal<span class=\"_ _2\"></span> bor<span class=\"_ _2\"></span>rowi<span class=\"_ _2\"></span>ng r<span class=\"_ _2\"></span>ate.<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span>Leas<span class=\"_ _2\"></span>e li<span class=\"_ _2\"></span>abili<span class=\"_ _2\"></span>tie<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e rem<span class=\"_ _2\"></span>ea<span class=\"_ _2\"></span>sured<span class=\"_ _2\"></span> whe<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span>re i<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>a ch<span class=\"_ _2\"></span>ange i<span class=\"_ _2\"></span>n f<span class=\"_ _2\"></span>utu<span class=\"_ _2\"></span>re l<span class=\"_ _2\"></span>ease p<span class=\"_ _2\"></span>aym<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s ari<span class=\"_ _2\"></span>sing<span class=\"_ _2\"></span> fr<span class=\"_ _2\"></span>om a<span class=\"_ _2\"></span> chang<span class=\"_ _2\"></span>e in<span class=\"_ _2\"></span> an<span class=\"_ _2\"></span> ind<span class=\"_ _2\"></span>ex or<span class=\"_ _2\"></span> rat<span class=\"_ _2\"></span>e or<span class=\"_ _2\"></span> if t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e Group<span class=\"_ _2\"></span> c<span class=\"_ _2\"></span>hang<span class=\"_ _2\"></span>es it<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>asse<span class=\"_ _2\"></span>ssme<span class=\"_ _2\"></span>nt <span class=\"_ _2\"></span>of w<span class=\"_ _2\"></span>hethe<span class=\"_ _2\"></span>r i<span class=\"_ _2\"></span>t wi<span class=\"_ _2\"></span>ll ex<span class=\"_ _2\"></span>erci<span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>an extension or termination option. When a lease li<span class=\"_ _2\"></span>ability is reme<span class=\"ls49 wsaa\">asur<span class=\"_ _2\"></span>ed i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>his <span class=\"_ _2\"></span>way<span class=\"_ _2\"></span>, a<span class=\"ff100 ls1 ws0\"> </span><span class=\"ls2f ws4e\">corresponding </span></span>adjust<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>t is<span class=\"_ _2\"></span> mad<span class=\"_ _2\"></span>e to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> car<span class=\"_ _2\"></span>ryi<span class=\"_ _2\"></span>ng v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> the r<span class=\"_ _2\"></span>igh<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\">-<span class=\"ls53 ws80\">of</span>-<span class=\"ls2f ws2f\">use asset, or i<span class=\"_ _2\"></span>s recorded to pr<span class=\"_ _2\"></span>ofit or lo<span class=\"_ _2\"></span>ss </span> </span>if t<span class=\"_ _2\"></span>he ca<span class=\"_ _2\"></span>rryi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nt o<span class=\"_ _2\"></span>f<span class=\"ff100 ls1 ws0\"> </span><span class=\"ls4b ws71\">the right<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls53 ws80\">of</span>-<span class=\"ls48 ws32\">use asset has<span class=\"_ _2\"></span> been red<span class=\"_ _2\"></span>uced t<span class=\"_ _2\"></span>o zero.<span class=\"_ _195\"> </span></span></span></span>Time c<span class=\"_ _2\"></span>ha<span class=\"_ _2\"></span>rter<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>ts i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>e t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> lease<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>a sp<span class=\"_ _2\"></span>eci<span class=\"_ _2\"></span>fic<span class=\"_ _2\"></span> ship<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> a <span class=\"_ _2\"></span>non<span class=\"ls1 ws0\">-<span class=\"ls53\">lease c<span class=\"_ _2\"></span>ompon<span class=\"_ _2\"></span>ent f<span class=\"_ _2\"></span>or cre<span class=\"_ _2\"></span>w, </span></span>mai<span class=\"_ _2\"></span>ntena<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> othe<span class=\"_ _2\"></span>r op<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>ens<span class=\"_ _2\"></span>es. W<span class=\"_ _2\"></span>hen <span class=\"_ _2\"></span>meas<span class=\"_ _2\"></span>uri<span class=\"_ _2\"></span>ng le<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span> liabi<span class=\"_ _2\"></span>liti<span class=\"_ _2\"></span>es<span class=\"_ _2\"></span>, th<span class=\"_ _2\"></span>e no<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\">-</span><span class=\"ws78\">leas<span class=\"_ _2\"></span>e </span>compo<span class=\"_ _2\"></span>nent<span class=\"_ _2\"></span> h<span class=\"_ _2\"></span>as bee<span class=\"_ _2\"></span>n s<span class=\"_ _2\"></span>epar<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> fr<span class=\"_ _2\"></span>om t<span class=\"_ _2\"></span>he le<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span> comp<span class=\"_ _2\"></span>one<span class=\"_ _2\"></span>nt b<span class=\"_ _2\"></span>ased<span class=\"_ _2\"></span> on i<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>rna<span class=\"ls30 ws73\">l<span class=\"_ _2\"></span> sourc<span class=\"_ _2\"></span>es of ship<span class=\"_ _2\"></span>s <span class=\"ls1 ws0\"> </span></span>of sim<span class=\"_ _2\"></span>il<span class=\"_ _2\"></span>ar cl<span class=\"_ _2\"></span>as<span class=\"_ _2\"></span>ses a<span class=\"_ _2\"></span>s the<span class=\"_ _2\"></span> s<span class=\"_ _2\"></span>hip <span class=\"_ _2\"></span>und<span class=\"_ _2\"></span>er co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>t.<span class=\"_ _2\"></span> The <span class=\"_ _2\"></span>non<span class=\"ls1 ws0\">-<span class=\"ls48 ws32\">lease<span class=\"_ _2\"></span> eleme<span class=\"_ _2\"></span>nt is rec<span class=\"_ _2\"></span>orded i<span class=\"_ _2\"></span>n </span>o</span><span class=\"ws78\">perati<span class=\"_ _2\"></span>ng </span>expenses <span class=\"_ _2\"></span>as the <span class=\"_ _2\"></span><span class=\"ls1 ws0\">s<span class=\"ls53\">ervice comp<span class=\"_ _2\"></span>onent <span class=\"_ _2\"></span>of le<span class=\"_ _2\"></span>ases.<span class=\"_ _2\"></span></span><span class=\"ff100\"> </span></span>Subse<span class=\"_ _2\"></span>que<span class=\"_ _2\"></span>nt t<span class=\"_ _2\"></span>o ini<span class=\"_ _2\"></span>tial<span class=\"_ _2\"></span> re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on, <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>ord<span class=\"_ _2\"></span>s an i<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>res<span class=\"_ _2\"></span>t c<span class=\"_ _2\"></span>harg<span class=\"_ _2\"></span>e in r<span class=\"_ _2\"></span>esp<span class=\"_ _2\"></span>ect<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he<span class=\"ls1 ws0\"> <span class=\"ls54 ws70\">lease liability. </span> </span>(iii) L<span class=\"_ _1\"></span>ease expenses<span class=\"ls1 ws0\"> </span>Short<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls49 wsaa\">term le<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span>s (d<span class=\"_ _2\"></span>efine<span class=\"_ _2\"></span>d <span class=\"_ _2\"></span>as les<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>han <span class=\"_ _2\"></span>one y<span class=\"_ _2\"></span>ear<span class=\"_ _2\"></span>) <span class=\"ws78\">a<span class=\"_ _2\"></span>nd</span></span> <span class=\"ls53 ws80\">low</span>-<span class=\"ls48 ws32\">value lease<span class=\"_ _2\"></span>s are exp<span class=\"_ _2\"></span>ensed i<span class=\"_ _2\"></span>n the i<span class=\"_ _2\"></span>ncome </span></span>stat<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt.<span class=\"ls1 ws0\"> </span>(<span class=\"_ _1\"></span><span class=\"ls4c wsaa\">iv<span class=\"_ _2\"></span>) Variable le<span class=\"_ _2\"></span>ase considerat<span class=\"_ _2\"></span>ion<span class=\"ls1 ws0\"> </span></span>The G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> oper<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>s <span class=\"ls46 ws6f\">ST<span class=\"_ _2\"></span>JS<span class=\"ls1 ws0\"> <span class=\"ls30 wsab\">and S<span class=\"_ _2\"></span>NAPS<span class=\"_ _2\"></span> Poo<span class=\"_ _2\"></span>l<span class=\"ls2f ws2f\">, deli<span class=\"_ _2\"></span>vering freight se<span class=\"_ _2\"></span>rvices to cu<span class=\"_ _2\"></span>stomers <span class=\"ls54 ws83\">in</span></span></span> <span class=\"ls4b ws49\">which e<span class=\"_ _2\"></span>xter<span class=\"_ _2\"></span>nal<span class=\"_ _2\"></span> </span></span></span>sh<span class=\"_ _1\"></span>ips pa<span class=\"_ _1\"></span>rti<span class=\"_ _1\"></span>cipa<span class=\"_ _1\"></span>te. T<span class=\"_ _1\"></span>he le<span class=\"_ _1\"></span>ase pa<span class=\"_ _1\"></span>yme<span class=\"_ _1\"></span>nts<span class=\"_ _1\"></span> to<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">extern<span class=\"_ _2\"></span>al p<span class=\"_ _2\"></span>arti<span class=\"_ _2\"></span>es ar<span class=\"_ _2\"></span>e e<span class=\"_ _2\"></span>ntire<span class=\"_ _2\"></span>ly v<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span> and t<span class=\"_ _2\"></span>her<span class=\"_ _2\"></span>efo<span class=\"_ _2\"></span>re <span class=\"_ _2\"></span>not </span></span>included when calculating the lease liability. The <span class=\"_ _2\"></span>variable lease payment<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">is inc<span class=\"_ _2\"></span>lude<span class=\"_ _2\"></span>d i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he inc<span class=\"_ _2\"></span>ome </span></span>stat<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt as <span class=\"ls1 ws0\">c<span class=\"ls2f ws92\">harter and lease expense</span>s<span class=\"ls5d ws92\">.<span class=\"_ _195\"> </span></span></span>Right<span class=\"ls1 ws0\">-<span class=\"ls24 ws3b\">of</span>-u<span class=\"_ _1\"></span><span class=\"ls28 ws4d\">se Asse<span class=\"_ _2\"></span>ts<span class=\"ls1 ws0\"> </span></span></span>The bel<span class=\"_ _2\"></span>ow <span class=\"_ _2\"></span>table<span class=\"_ _2\"></span> shows<span class=\"_ _2\"></span> rig<span class=\"_ _2\"></span>ht<span class=\"ls1 ws0\">-<span class=\"ls60 ws4f\">of</span>-<span class=\"_ _1\"></span><span class=\"ls2f ws70\">use asse<span class=\"_ _2\"></span>ts, held u<span class=\"_ _2\"></span>nder lease ag<span class=\"_ _2\"></span>reements.<span class=\"ls1 ws0\"> </span></span></span><table class=\"s w17b h136\" id=\"_30c72afe-3e27-4f6f-99c0-d62a02782336\"><tr><td class=\"c x24b y2cb1 w8e hcc\"><div class=\"t m0 x0 h85 y2178 ff105 fs3b fc2 sc0 ls69 wsbc\">Cost<span class=\"_ _195\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c x2fe y2cb2 w174 h103\"><div class=\"t m0 x245 h82 y29a6 ff104 fs3b fc2 sc0 ls1e ws60\">Plant and<span class=\"_ _195\"> </span></div></td><td></td></tr><tr><td class=\"c x24b y2cb1 w8e hcc\"><div class=\"t m0 x0 h82 y1c67 ff104 fs3b fc2 sc0 ls1 ws0\">(<span class=\"ls2d ws4a\"></span><span class=\"ls2d ws4a\">in</span> <span class=\"ls1c ws30\">US </span>$ thousands) </div></td><td class=\"c x29d y2cb1 w20 hcc\"><div class=\"t m0 x1a0 h82 y1d8f ff104 fs3b fc2 sc0 ls7c wsc3\">Land<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2cb1 w20 hcc\"><div class=\"t m0 x179 h82 y1d8f ff104 fs3b fc2 sc0 ls2d ws4a\">Buildin<span class=\"_ _2\"></span>gs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2cb1 w8f hcc\"><div class=\"t m0 x19b h82 y1d8f ff104 fs3b fc2 sc0 ls1e ws2f\">Ships and <span class=\"ls1 ws0\">b<span class=\"ls3a ws9b\">arges</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2cb1 w8d hcc\"><div class=\"t m0 x19a h82 y1d8f ff104 fs3b fc2 sc0 ls1c ws30\">Tank <span class=\"ls1 ws0\">containers</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x302 y2cb3 w176 h103\"><div class=\"t m0 x245 h82 y29a6 ff104 fs3b fc2 sc0 ls1 ws0\">equipment<span class=\"_ _195\"> </span></div></td><td class=\"c x2fa y2cb1 w34 hcc\"><div class=\"t m0 x1a0 h82 y1d8f ff104 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2cb4 w8e h8c\"><div class=\"t m0 x0 h87 y1c38 ff105 fs3a fc2 sc0 ls1f ws33\">Balan<span class=\"_ _2\"></span>ce at Decemb<span class=\"_ _2\"></span>er 1, 202<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2cb4 w20 h8c\"><div class=\"t m0 x179 h87 y1c38 ff105 fs3a fc2 sc0 ls23 ws39\">89,568<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2cb4 w20 h8c\"><div class=\"t m0 x179 h87 y1c38 ff105 fs3a fc2 sc0 ls23 ws39\">20,823<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2cb4 w8f h8c\"><div class=\"t m0 x180 h87 y1c38 ff105 fs3a fc2 sc0 ls21 ws35\">114,<span class=\"_ _2\"></span>717<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2cb4 w8d h8c\"><div class=\"t m0 x180 h87 y1c38 ff105 fs3a fc2 sc0 ls21 ws35\">121,<span class=\"_ _2\"></span>942<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cb4 w48 h8c\"><div class=\"t m0 x179 h87 y1c38 ff105 fs3a fc2 sc0 ls23 ws39\">10,233<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cb4 w34 h8c\"><div class=\"t m0 x180 h87 y1c38 ff105 fs3a fc2 sc0 ls21 ws35\">357,<span class=\"_ _2\"></span>283<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cb5 w8e h86\"><div class=\"t m0 x0 h88 y1bef ff104 fs3a fc2 sc0 ls26 ws3d\">New leases and<span class=\"_ _1\"></span> other increases<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2cb5 w20 h86\"><div class=\"t m0 x184 h88 y1bef ff104 fs3a fc2 sc0 ls20 ws36\">2,511<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2cb5 w20 h86\"><div class=\"t m0 x183 h88 y1bef ff104 fs3a fc2 sc0 ls20 ws36\">10,628<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2cb5 w8f h86\"><div class=\"t m0 x181 h88 y1bef ff104 fs3a fc2 sc0 ls20 ws36\">147,736<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2cb5 w8d h86\"><div class=\"t m0 x183 h88 y1bef ff104 fs3a fc2 sc0 ls20 ws36\">39,983<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cb5 w48 h86\"><div class=\"t m0 x184 h88 y1bef ff104 fs3a fc2 sc0 ls20 ws36\">2,507<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cb5 w34 h86\"><div class=\"t m0 x181 h88 y1bef ff104 fs3a fc2 sc0 ls20 ws36\">203,365<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cb6 w8e h89\"><div class=\"t m0 x0 h88 y1bf4 ff104 fs3a fc2 sc0 ls26 ws3d\">Retirements and<span class=\"_ _1\"></span> other decreases<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2cb6 w24 h89\"><div class=\"t m0 x186 h88 y1bf4 ff104 fs3a fc2 sc0 ls20 ws36\">(1,123)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2cb6 w24 h89\"><div class=\"t m0 x186 h88 y1bf4 ff104 fs3a fc2 sc0 ls20 ws36\">(7,542)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2cb6 w7f h89\"><div class=\"t m0 x187 h88 y1bf4 ff104 fs3a fc2 sc0 ls20 ws36\">(24,089)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2cb6 w25 h89\"><div class=\"t m0 x187 h88 y1bf4 ff104 fs3a fc2 sc0 ls20 ws36\">(48,441)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cb6 w25 h89\"><div class=\"t m0 x186 h88 y1bf4 ff104 fs3a fc2 sc0 ls20 ws36\">(3,103)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cb6 w2c h89\"><div class=\"t m0 x187 h88 y1bf4 ff104 fs3a fc2 sc0 ls20 ws36\">(84,298)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cb7 w8e h8c\"><div class=\"t m0 x0 h88 y1c3f ff104 fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2cb7 w24 h8c\"><div class=\"t m0 x186 h88 y1c3f ff104 fs3a fc2 sc0 ls20 ws36\">(1,412)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2cb7 w20 h8c\"><div class=\"t m0 x171 h88 y1c3f ff104 fs3a fc2 sc0 ls20 ws36\">807<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2cb7 w7f h8c\"><div class=\"t m0 x188 h88 y1c3f ff104 fs3a fc2 sc0 ls20 ws36\">(813)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2cb7 w8d h8c\"><div class=\"t m0 xb6 h88 y1c3f ff104 fs3a fc2 sc0 ls1 ws0\">6<span class=\"_ _1\"></span> </div></td><td class=\"c x2f9 y2cb7 w25 h8c\"><div class=\"t m0 x188 h88 y1c3f ff104 fs3a fc2 sc0 ls20 ws36\">(496)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cb7 w2c h8c\"><div class=\"t m0 x186 h88 y1c3f ff104 fs3a fc2 sc0 ls20 ws36\">(1,908)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cb8 w8e ha4\"><div class=\"t m0 x0 h87 y1c4d ff105 fs3a fc2 sc0 ls23 wsc7\">Balance<span class=\"_ _1\"></span> at Nove<span class=\"_ _1\"></span>mber 30, 2024<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2cb8 w20 ha4\"><div class=\"t m0 x179 h87 y1c4d ff105 fs3a fc2 sc0 ls23 ws39\">89,544<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2cb8 w20 ha4\"><div class=\"t m0 x179 h87 y1c4d ff105 fs3a fc2 sc0 ls23 ws39\">24,716<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2cb8 w8f ha4\"><div class=\"t m0 x180 h87 y1c4d ff105 fs3a fc2 sc0 ls21 ws35\">237,<span class=\"_ _2\"></span>551<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2cb8 w8d ha4\"><div class=\"t m0 x180 h87 y1c4d ff105 fs3a fc2 sc0 ls21 ws35\">113,<span class=\"_ _2\"></span>490<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cb8 w48 ha4\"><div class=\"t m0 x185 h87 y1c4d ff105 fs3a fc2 sc0 ls21 ws35\">9,14<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cb8 w34 ha4\"><div class=\"t m0 x180 h87 y1c4d ff105 fs3a fc2 sc0 ls21 ws35\">474,<span class=\"_ _2\"></span>442<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cb9 w8e h86\"><div class=\"t m0 x0 h88 y1bfa ff104 fs3a fc2 sc0 ls26 ws3d\">New leases and<span class=\"_ _1\"></span> other increases<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2cb9 w20 h86\"><div class=\"t m0 x184 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">4,258<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2cb9 w20 h86\"><div class=\"t m0 x184 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">4,327<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2cb9 w8f h86\"><div class=\"t m0 x183 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">72,165<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2cb9 w8d h86\"><div class=\"t m0 x183 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">53,082<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cb9 w48 h86\"><div class=\"t m0 x184 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">1,727<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cb9 w34 h86\"><div class=\"t m0 x181 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">135,559<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cba w8e h89\"><div class=\"t m0 x0 h88 y1c50 ff104 fs3a fc2 sc0 ls24 ws3a\">Acquisition of Suttons Inter<span class=\"_ _2\"></span>national Holdings Limited<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2cba w20 h89\"><div class=\"t m0 x2d h88 y1c50 ff106 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff104\"> </span></div></td><td class=\"c x29e y2cba w20 h89\"><div class=\"t m0 x184 h88 y1c50 ff104 fs3a fc2 sc0 ls20 ws36\">3,907<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2cba w8f h89\"><div class=\"t m0 x2d h88 y1c50 ff106 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff104\"> </span></div></td><td class=\"c x2fb y2cba w8d h89\"><div class=\"t m0 x183 h88 y1c50 ff104 fs3a fc2 sc0 ls20 ws36\">11,005<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cba w48 h89\"><div class=\"t m0 x2d h88 y1c50 ff106 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff104\"> </span></div></td><td class=\"c x2fa y2cba w34 h89\"><div class=\"t m0 x183 h88 y1c50 ff104 fs3a fc2 sc0 ls20 ws36\">14,912<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cbb w8e h8c\"><div class=\"t m0 x0 h88 y1bf6 ff104 fs3a fc2 sc0 ls26 ws3d\">Retirements and<span class=\"_ _1\"></span> other decreases<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2cbb w24 h8c\"><div class=\"t m0 x186 h88 y1bf6 ff104 fs3a fc2 sc0 ls20 ws36\">(1,727)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2cbb w24 h8c\"><div class=\"t m0 x186 h88 y1bf6 ff104 fs3a fc2 sc0 ls20 ws36\">(3,643)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2cbb w7f h8c\"><div class=\"t m0 x187 h88 y1bf6 ff104 fs3a fc2 sc0 ls20 ws36\">(56,439)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2cbb w25 h8c\"><div class=\"t m0 x187 h88 y1bf6 ff104 fs3a fc2 sc0 ls20 ws36\">(53,223)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cbb w25 h8c\"><div class=\"t m0 x186 h88 y1bf6 ff104 fs3a fc2 sc0 ls20 ws36\">(1,630)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cbb w2c h8c\"><div class=\"t m0 x17f h88 y1bf6 ff104 fs3a fc2 sc0 ls20 ws36\">(116,662)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cbc w8e h86\"><div class=\"t m0 x0 h88 y1bf8 ff104 fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2cbc w20 h86\"><div class=\"t m0 x184 h88 y1bf8 ff104 fs3a fc2 sc0 ls20 ws36\">1,863<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2cbc w20 h86\"><div class=\"t m0 x184 h88 y1bf8 ff104 fs3a fc2 sc0 ls20 ws36\">1,646<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2cbc w8f h86\"><div class=\"t m0 x184 h88 y1bf8 ff104 fs3a fc2 sc0 ls20 ws36\">2,796<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2cbc w8d h86\"><div class=\"t m0 x2d h88 y1bf8 ff106 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff104\"> </span></div></td><td class=\"c x2f9 y2cbc w48 h86\"><div class=\"t m0 x171 h88 y1bf8 ff104 fs3a fc2 sc0 ls20 ws36\">560<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cbc w34 h86\"><div class=\"t m0 x184 h88 y1bf8 ff104 fs3a fc2 sc0 ls20 ws36\">6,865<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cbd w8e h86\"><div class=\"t m0 x0 h87 y1bde ff105 fs3a fc2 sc0 ls23 wsc7\">Balance<span class=\"_ _1\"></span> at Nove<span class=\"_ _1\"></span>mber 30, 2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2cbd w20 h86\"><div class=\"t m0 x179 h87 y1bde ff105 fs3a fc2 sc0 ls23 ws39\">93,938<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2cbd w20 h86\"><div class=\"t m0 x179 h87 y1bde ff105 fs3a fc2 sc0 ls23 ws39\">30,953<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2cbd w8f h86\"><div class=\"t m0 x180 h87 y1bde ff105 fs3a fc2 sc0 ls21 ws35\">256,<span class=\"_ _2\"></span>073<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2cbd w8d h86\"><div class=\"t m0 x180 h87 y1bde ff105 fs3a fc2 sc0 ls21 ws35\">124,<span class=\"_ _2\"></span>354<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cbd w48 h86\"><div class=\"t m0 x185 h87 y1bde ff105 fs3a fc2 sc0 ls21 ws35\">9,79<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cbd w34 h86\"><div class=\"t m0 x180 h87 y1bde ff105 fs3a fc2 sc0 ls21 ws35\">515,<span class=\"_ _2\"></span>116<span class=\"ls1 ws0\"> </span></div></td></tr></table>During<span class=\"_ _2\"></span> 202<span class=\"_ _2\"></span>5 and<span class=\"_ _2\"></span> 202<span class=\"_ _2\"></span>4, the<span class=\"_ _2\"></span> Gr<span class=\"_ _2\"></span>oup e<span class=\"_ _2\"></span>ntered<span class=\"_ _2\"></span> into<span class=\"_ _2\"></span> le<span class=\"_ _2\"></span>ases f<span class=\"_ _2\"></span>or l<span class=\"_ _2\"></span>and,<span class=\"_ _2\"></span> off<span class=\"_ _2\"></span>ices,<span class=\"_ _2\"></span> ship<span class=\"_ _2\"></span>s, b<span class=\"_ _2\"></span>arge<span class=\"_ _2\"></span>s, tank<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntaine<span class=\"_ _2\"></span>rs an<span class=\"_ _2\"></span>d te<span class=\"_ _2\"></span>rminal<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> sea<span class=\"_ _2\"></span> fa<span class=\"_ _2\"></span><span class=\"ls31 ws51\">rm equipment. At November 30, 202<span class=\"ls1 ws0\">5</span></span>, the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up <span class=\"_ _2\"></span>has le<span class=\"_ _2\"></span>ases<span class=\"_ _2\"></span> expi<span class=\"_ _2\"></span>ring<span class=\"_ _2\"></span> fro<span class=\"_ _2\"></span>m 202<span class=\"_ _2\"></span><span class=\"ls1 ws0\">6 </span>to 2070.<span class=\"ls1 ws0\">  </span><table class=\"s w17a h135\" id=\"_4fe676e2-3285-4a74-a559-a11d03a4cb4a\"><tr><td class=\"c x24b y2c9f w90 h8e\"><div class=\"t m0 x0 h85 y1c49 ff105 fs3b fc2 sc0 ls1 wsc4\">Accumulated depreciation </div></td><td></td><td></td><td></td><td></td><td class=\"c x2fe y2ca0 w174 h115\"><div class=\"t m0 x245 h82 y29a6 ff104 fs3b fc2 sc0 ls1e ws60\">Plant and<span class=\"_ _195\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2ca1 w14a h121\"><div class=\"t m0 x245 h82 y29a6 ff104 fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2a3 h82 y29a7 ff104 fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x2ff y2c9f w48 h8e\"><div class=\"t m0 x1a0 h82 y1c8e ff104 fs3b fc2 sc0 ls7c wsc3\">Land<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2c9f w8d h8e\"><div class=\"t m0 x179 h82 y1c8e ff104 fs3b fc2 sc0 ls2d ws4a\">Buildin<span class=\"_ _2\"></span>gs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2c9f w34 h8e\"><div class=\"t m0 x19b h82 y1c8e ff104 fs3b fc2 sc0 ls1e ws2f\">Ships and <span class=\"ls1 ws0\">b<span class=\"ls3a ws9b\">arges</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2c9f w20 h8e\"><div class=\"t m0 x19a h82 y1c8e ff104 fs3b fc2 sc0 ls1c ws30\">Tank <span class=\"ls1 ws0\">containers</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x302 y2ca2 w176 h115\"><div class=\"t m0 x245 h82 y29a6 ff104 fs3b fc2 sc0 ls1 ws0\">equipment<span class=\"_ _195\"> </span></div></td><td class=\"c x2fa y2c9f w34 h8e\"><div class=\"t m0 x1a0 h82 y1c8e ff104 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2ca3 w90 h86\"><div class=\"t m0 x0 h87 y1c4c ff105 fs3a fc2 sc0 ls1f ws33\">Balan<span class=\"_ _2\"></span>ce at Decemb<span class=\"_ _2\"></span>er 1, 202<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ca3 w48 h86\"><div class=\"t m0 x179 h87 y1c4c ff105 fs3a fc2 sc0 ls23 ws39\">10,782<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ca3 w8d h86\"><div class=\"t m0 x185 h87 y1c4c ff105 fs3a fc2 sc0 ls21 ws35\">8,68<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2ca3 w34 h86\"><div class=\"t m0 x179 h87 y1c4c ff105 fs3a fc2 sc0 ls23 ws39\">57,229<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2ca3 w20 h86\"><div class=\"t m0 x179 h87 y1c4c ff105 fs3a fc2 sc0 ls23 ws39\">47,686<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ca3 w20 h86\"><div class=\"t m0 x185 h87 y1c4c ff105 fs3a fc2 sc0 ls21 ws35\">4,63<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ca3 w34 h86\"><div class=\"t m0 x180 h87 y1c4c ff105 fs3a fc2 sc0 ls21 ws35\">129,<span class=\"_ _2\"></span>012<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ca4 w90 h86\"><div class=\"t m0 x0 h88 y1bfa ff104 fs3a fc2 sc0 ls26 ws3d\">Depreciation exp<span class=\"_ _1\"></span>ense <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ca4 w48 h86\"><div class=\"t m0 x184 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">3,738<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ca4 w8d h86\"><div class=\"t m0 x184 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">3,973<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2ca4 w34 h86\"><div class=\"t m0 x183 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">28,650<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2ca4 w20 h86\"><div class=\"t m0 x183 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">29,047<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ca4 w20 h86\"><div class=\"t m0 x184 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">1,879<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ca4 w34 h86\"><div class=\"t m0 x183 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">67,287<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ca5 w90 ha4\"><div class=\"t m0 x0 h88 y1c4d ff104 fs3a fc2 sc0 ls26 ws3d\">Retirements and<span class=\"_ _1\"></span> other decreases<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ca5 w25 ha4\"><div class=\"t m0 x188 h88 y1c4d ff104 fs3a fc2 sc0 ls20 ws36\">(844)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ca5 w25 ha4\"><div class=\"t m0 x186 h88 y1c4d ff104 fs3a fc2 sc0 ls20 ws36\">(6,157)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2ca5 w2c ha4\"><div class=\"t m0 x187 h88 y1c4d ff104 fs3a fc2 sc0 ls20 ws36\">(21,562)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2ca5 w24 ha4\"><div class=\"t m0 x187 h88 y1c4d ff104 fs3a fc2 sc0 ls20 ws36\">(21,537)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ca5 w2b ha4\"><div class=\"t m0 x186 h88 y1c4d ff104 fs3a fc2 sc0 ls20 ws36\">(2,630)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ca5 w56 ha4\"><div class=\"t m0 x187 h88 y1c4d ff104 fs3a fc2 sc0 ls20 ws36\">(52,730)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ca6 w90 h86\"><div class=\"t m0 x0 h88 y1bfa ff104 fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ca6 w25 h86\"><div class=\"t m0 x188 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">(148)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ca6 w8d h86\"><div class=\"t m0 x1 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">27<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2ca6 w2c h86\"><div class=\"t m0 x188 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">(457)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2ca6 w20 h86\"><div class=\"t m0 x1 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">12<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ca6 w2b h86\"><div class=\"t m0 x188 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">(267)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ca6 w56 h86\"><div class=\"t m0 x188 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">(833)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ca7 w90 h86\"><div class=\"t m0 x0 h88 y1c05 ff104 fs3a fc2 sc0 ls25 ws3c\">Reclasses and other<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ca7 w25 h86\"><div class=\"t m0 x1be h88 y1c05 ff104 fs3a fc2 sc0 ls20 ws36\">(69)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ca7 w8d h86\"><div class=\"t m0 x171 h88 y1c05 ff104 fs3a fc2 sc0 ls20 ws36\">172<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2ca7 w34 h86\"><div class=\"t m0 x2d h88 y1c05 ff106 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff104\"> </span></div></td><td class=\"c x301 y2ca7 w20 h86\"><div class=\"t m0 x2d h88 y1c05 ff106 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff104\"> </span></div></td><td class=\"c x2f9 y2ca7 w20 h86\"><div class=\"t m0 x171 h88 y1c05 ff104 fs3a fc2 sc0 ls20 ws36\">111<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ca7 w34 h86\"><div class=\"t m0 x171 h88 y1c05 ff104 fs3a fc2 sc0 ls20 ws36\">214<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ca8 w90 h8a\"><div class=\"t m0 x0 h87 y1c03 ff105 fs3a fc2 sc0 ls23 wsc7\">Balance<span class=\"_ _1\"></span> at Nove<span class=\"_ _1\"></span>mber 30, 2024<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ca8 w48 h8a\"><div class=\"t m0 x179 h87 y1c03 ff105 fs3a fc2 sc0 ls23 ws39\">13,459<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ca8 w8d h8a\"><div class=\"t m0 x185 h87 y1c03 ff105 fs3a fc2 sc0 ls21 ws35\">6,69<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2ca8 w34 h8a\"><div class=\"t m0 x179 h87 y1c03 ff105 fs3a fc2 sc0 ls23 ws39\">63,860<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2ca8 w20 h8a\"><div class=\"t m0 x179 h87 y1c03 ff105 fs3a fc2 sc0 ls23 ws39\">55,208<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ca8 w20 h8a\"><div class=\"t m0 x185 h87 y1c03 ff105 fs3a fc2 sc0 ls21 ws35\">3,72<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ca8 w34 h8a\"><div class=\"t m0 x180 h87 y1c03 ff105 fs3a fc2 sc0 ls21 ws35\">142,<span class=\"_ _2\"></span>950<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ca9 w90 h86\"><div class=\"t m0 x0 h88 y1c05 ff104 fs3a fc2 sc0 ls26 ws3d\">Depreciation exp<span class=\"_ _1\"></span>ense <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ca9 w48 h86\"><div class=\"t m0 x184 h88 y1c05 ff104 fs3a fc2 sc0 ls20 ws36\">4,338<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ca9 w8d h86\"><div class=\"t m0 x184 h88 y1c05 ff104 fs3a fc2 sc0 ls20 ws36\">4,429<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2ca9 w34 h86\"><div class=\"t m0 x183 h88 y1c05 ff104 fs3a fc2 sc0 ls20 ws36\">37,843<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2ca9 w20 h86\"><div class=\"t m0 x183 h88 y1c05 ff104 fs3a fc2 sc0 ls20 ws36\">28,693<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ca9 w20 h86\"><div class=\"t m0 x184 h88 y1c05 ff104 fs3a fc2 sc0 ls20 ws36\">1,859<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ca9 w34 h86\"><div class=\"t m0 x183 h88 y1c05 ff104 fs3a fc2 sc0 ls20 ws36\">77,162<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2caa w90 h86\"><div class=\"t m0 x0 h88 y1bde ff104 fs3a fc2 sc0 ls26 ws3d\">Retirements and<span class=\"_ _1\"></span> other decreases<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2caa w25 h86\"><div class=\"t m0 x186 h88 y1bde ff104 fs3a fc2 sc0 ls20 ws36\">(1,045)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2caa w25 h86\"><div class=\"t m0 x186 h88 y1bde ff104 fs3a fc2 sc0 ls20 ws36\">(2,625)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2caa w2c h86\"><div class=\"t m0 x187 h88 y1bde ff104 fs3a fc2 sc0 ls20 ws36\">(48,050)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2caa w24 h86\"><div class=\"t m0 x187 h88 y1bde ff104 fs3a fc2 sc0 ls20 ws36\">(38,526)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2caa w2b h86\"><div class=\"t m0 x186 h88 y1bde ff104 fs3a fc2 sc0 ls20 ws36\">(1,383)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2caa w56 h86\"><div class=\"t m0 x187 h88 y1bde ff104 fs3a fc2 sc0 ls20 ws36\">(91,629)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cab w90 h8a\"><div class=\"t m0 x0 h88 y1c79 ff104 fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cab w48 h8a\"><div class=\"t m0 x171 h88 y1c79 ff104 fs3a fc2 sc0 ls20 ws36\">227<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2cab w8d h8a\"><div class=\"t m0 x171 h88 y1c79 ff104 fs3a fc2 sc0 ls20 ws36\">312<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2cab w34 h8a\"><div class=\"t m0 x184 h88 y1c79 ff104 fs3a fc2 sc0 ls20 ws36\">1,559<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2cab w20 h8a\"><div class=\"t m0 x171 h88 y1c79 ff104 fs3a fc2 sc0 ls20 ws36\">375<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cab w20 h8a\"><div class=\"t m0 x171 h88 y1c79 ff104 fs3a fc2 sc0 ls20 ws36\">197<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cab w34 h8a\"><div class=\"t m0 x184 h88 y1c79 ff104 fs3a fc2 sc0 ls20 ws36\">2,670<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cac w90 h86\"><div class=\"t m0 x0 h88 y1be2 ff104 fs3a fc2 sc0 ls25 ws3c\">Reclasses and other<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cac w48 h86\"><div class=\"t m0 xb6 h88 y1be2 ff104 fs3a fc2 sc0 ls1 ws0\">1<span class=\"_ _1\"></span> </div></td><td class=\"c x300 y2cac w25 h86\"><div class=\"t m0 x188 h88 y1be2 ff104 fs3a fc2 sc0 ls20 ws36\">(478)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2cac w34 h86\"><div class=\"t m0 x2d h88 y1be2 ff106 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff104\"> </span></div></td><td class=\"c x301 y2cac w20 h86\"><div class=\"t m0 x2d h88 y1be2 ff106 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff104\"> </span></div></td><td class=\"c x2f9 y2cac w2b h86\"><div class=\"t m0 x188 h88 y1be2 ff104 fs3a fc2 sc0 ls20 ws36\">(156)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cac w56 h86\"><div class=\"t m0 x188 h88 y1be2 ff104 fs3a fc2 sc0 ls20 ws36\">(633)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cad w90 h89\"><div class=\"t m0 x0 h87 y2112 ff105 fs3a fc2 sc0 ls2e ws6e\">Balance at<span class=\"ls1 ws0\"> <span class=\"ls23 wsc7\">Nov<span class=\"_ _1\"></span>ember 30, 20<span class=\"_ _1\"></span>25</span></span><span class=\"ls1 ws0\"><span class=\"ls23 wsc7\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2ff y2cad w48 h89\"><div class=\"t m0 x179 h87 y2112 ff105 fs3a fc2 sc0 ls23 ws39\">16,980<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2cad w8d h89\"><div class=\"t m0 x185 h87 y2112 ff105 fs3a fc2 sc0 ls21 ws35\">8,33<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2cad w34 h89\"><div class=\"t m0 x179 h87 y2112 ff105 fs3a fc2 sc0 ls23 ws39\">55,212<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2cad w20 h89\"><div class=\"t m0 x179 h87 y2112 ff105 fs3a fc2 sc0 ls23 ws39\">45,750<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cad w20 h89\"><div class=\"t m0 x185 h87 y2112 ff105 fs3a fc2 sc0 ls21 ws35\">4,24<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cad w34 h89\"><div class=\"t m0 x180 h87 y2112 ff105 fs3a fc2 sc0 ls21 ws35\">130,<span class=\"_ _2\"></span>520<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cae w90 h8a\"><div class=\"t m0 x0 h87 y1c65 ff105 fs3a fc2 sc0 ls1f ws33\">Net book v<span class=\"_ _2\"></span>alue:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2caf w90 h8a\"><div class=\"t m0 x0 h87 y1ee3 ff105 fs3a fc2 sc0 ls21 ws38\">At Nov<span class=\"_ _2\"></span>embe<span class=\"_ _2\"></span>r 30, <span class=\"_ _2\"></span>202<span class=\"_ _2\"></span><span class=\"ls1 ws0\">4</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2caf w48 h8a\"><div class=\"t m0 x179 h87 y1ee3 ff105 fs3a fc2 sc0 ls23 ws39\">76,085<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2caf w8d h8a\"><div class=\"t m0 x179 h87 y1ee3 ff105 fs3a fc2 sc0 ls23 ws39\">18,020<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2caf w34 h8a\"><div class=\"t m0 x180 h87 y1ee3 ff105 fs3a fc2 sc0 ls21 ws35\">173,<span class=\"_ _2\"></span>691<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2caf w20 h8a\"><div class=\"t m0 x179 h87 y1ee3 ff105 fs3a fc2 sc0 ls23 ws39\">58,282<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2caf w20 h8a\"><div class=\"t m0 x185 h87 y1ee3 ff105 fs3a fc2 sc0 ls21 ws35\">5,41<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2caf w34 h8a\"><div class=\"t m0 x180 h87 y1ee3 ff105 fs3a fc2 sc0 ls21 ws35\">331,<span class=\"_ _2\"></span>492<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cb0 w90 h8b\"><div class=\"t m0 x0 h87 y1c80 ff105 fs3a fc2 sc0 ls21 ws38\">At Nov<span class=\"_ _2\"></span>embe<span class=\"_ _2\"></span>r 30, <span class=\"_ _2\"></span>202<span class=\"_ _2\"></span><span class=\"ls1 ws0\">5</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cb0 w48 h8b\"><div class=\"t m0 x179 h87 y1c80 ff105 fs3a fc2 sc0 ls23 ws39\">76,958<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2cb0 w8d h8b\"><div class=\"t m0 x179 h87 y1c80 ff105 fs3a fc2 sc0 ls23 ws39\">22,619<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2cb0 w34 h8b\"><div class=\"t m0 x180 h87 y1c80 ff105 fs3a fc2 sc0 ls21 ws35\">200,<span class=\"_ _2\"></span>861<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2cb0 w20 h8b\"><div class=\"t m0 x179 h87 y1c80 ff105 fs3a fc2 sc0 ls23 ws39\">78,604<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cb0 w20 h8b\"><div class=\"t m0 x185 h87 y1c80 ff105 fs3a fc2 sc0 ls21 ws35\">5,55<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cb0 w34 h8b\"><div class=\"t m0 x180 h87 y1c80 ff105 fs3a fc2 sc0 ls21 ws35\">384,<span class=\"_ _2\"></span>596<span class=\"ls1 ws0\"> </span></div></td></tr></table><div class=\"t m0 ha9 ff109 fs3a fcb sc0 ls2a ws45 gs2eb\">Lease <span class=\"ls1f ws43\">Liabil<span class=\"_ _2\"></span>ities<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div><div class=\"gs2ec\"><table class=\"s w151 h138\" id=\"_f371040a-af1a-4336-aa91-3294bb4ba931\"><tr><td></td><td class=\"c x28c y2cc6 w92 h80\"><div class=\"t m0 x184 h82 y1cce ff10a fs3b fc2 sc0 ls1d ws49\">As of<span class=\"ls1 ws0\"> <span class=\"ws32\">November 30</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2cc7 w150 h103\"><div class=\"t m0 x245 h82 y29a6 ff10a fs3b fc2 sc0 ls1 ws0\">(in</div><div class=\"t m0 x2b9 h82 y29a6 ff10a fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x2e0 h85 y2cc8 ff10b fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"t m0 x2e1 h82 y2cc8 ff10a fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2cc9 w4d h86\"><div class=\"t m0 x0 h87 y1c05 ff10b fs3a fc2 sc0 ls22 ws34\">Contrac<span class=\"_ _1\"></span>tual undiscounte<span class=\"_ _1\"></span>d cash flow<span class=\"_ _1\"></span>s:<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x24b y2cca w4d h86\"><div class=\"t m0 x0 h88 y1bde ff10a fs3a fc2 sc0 ls25 ws3c\">Less than:<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x24b y2ccb w4d h8a\"><div class=\"t m0 x0 h88 y1be0 ff10a fs3a fc2 sc0 ls20 ws34\">1 year<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2ccb w20 h8a\"><div class=\"t m0 x179 h87 y1be0 ff10b fs3a fc2 sc0 ls23 ws39\">95,458<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2ccb w20 h8a\"><div class=\"t m0 x183 h88 y1be0 ff10a fs3a fc2 sc0 ls20 ws36\">75,848<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ccc w4d h86\"><div class=\"t m0 x0 h88 y1be2 ff10a fs3a fc2 sc0 ls20 ws34\">2 years<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2ccc w20 h86\"><div class=\"t m0 x179 h87 y1be2 ff10b fs3a fc2 sc0 ls23 ws39\">77,446<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2ccc w20 h86\"><div class=\"t m0 x183 h88 y1be2 ff10a fs3a fc2 sc0 ls20 ws36\">60,564<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ccd w4d h86\"><div class=\"t m0 x0 h88 y1be4 ff10a fs3a fc2 sc0 ls20 ws34\">3 years<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2ccd w20 h86\"><div class=\"t m0 x179 h87 y1be4 ff10b fs3a fc2 sc0 ls23 ws39\">57,027<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2ccd w20 h86\"><div class=\"t m0 x183 h88 y1be4 ff10a fs3a fc2 sc0 ls20 ws36\">49,064<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cce w4d h8a\"><div class=\"t m0 x0 h88 y1be6 ff10a fs3a fc2 sc0 ls20 ws34\">4 years <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2cce w20 h8a\"><div class=\"t m0 x179 h87 y1be6 ff10b fs3a fc2 sc0 ls23 ws39\">44,280<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2cce w20 h8a\"><div class=\"t m0 x183 h88 y1be6 ff10a fs3a fc2 sc0 ls20 ws36\">39,295<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ccf w4d ha1\"><div class=\"t m0 x0 h88 y1be8 ff10a fs3a fc2 sc0 ls20 ws34\">5 years<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2ccf w20 ha1\"><div class=\"t m0 x179 h87 y1be8 ff10b fs3a fc2 sc0 ls23 ws39\">38,390<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2ccf w20 ha1\"><div class=\"t m0 x183 h88 y1be8 ff10a fs3a fc2 sc0 ls20 ws36\">30,623<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cd0 w4d h86\"><div class=\"t m0 x0 h88 y1c3e ff10a fs3a fc2 sc0 ls26 ws47\">Thereafter<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2cd0 w20 h86\"><div class=\"t m0 x180 h87 y1c3e ff10b fs3a fc2 sc0 ls21 ws35\">232,<span class=\"_ _2\"></span>663<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2cd0 w20 h86\"><div class=\"t m0 x181 h88 y1c3e ff10a fs3a fc2 sc0 ls20 ws36\">223,903<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cd1 w4d h8a\"><div class=\"t m0 x0 h87 y1bec ff10b fs3a fc2 sc0 ls25 ws4d\">Total undiscounted cash flows<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2cd1 w20 h8a\"><div class=\"t m0 x180 h87 y1bec ff10b fs3a fc2 sc0 ls21 ws35\">545,<span class=\"_ _2\"></span>264<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2cd1 w20 h8a\"><div class=\"t m0 x181 h88 y1bec ff10a fs3a fc2 sc0 ls20 ws36\">479,297<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x246 y2cd2 w17c hfa\"><div class=\"t m0 x245 h88 y2933 ff10d fs3a fc2 sc0 ls29 ws42\">Total lease l<span class=\"_ _2\"></span>iabilit<span class=\"_ _2\"></span>ies (discoun<span class=\"_ _2\"></span>ted bas<span class=\"_ _2\"></span>ed on the G<span class=\"_ _2\"></span>roup\u2019s in<span class=\"_ _2\"></span>cremental<span class=\"_ _195\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x246 y2cd3 w17d hfa\"><div class=\"t m0 x245 h88 y2933 ff10a fs3a fc2 sc0 ls22 ws37\">borrowing ra<span class=\"_ _1\"></span>te)<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x303 h87 y2cd4 ff10b fs3a fc2 sc0 ls21 ws35\">402,<span class=\"_ _2\"></span>188<span class=\"_ _195\"> </span></td><td class=\"t m0 x2a5 h88 y2cd4 ff10a fs3a fc2 sc0 ls20 ws36\">344,011<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2cd5 w4d h86\"><div class=\"t m0 x0 h88 y1be8 ff10a fs3a fc2 sc0 ls23 ws4b\">Less cur<span class=\"_ _1\"></span>rent maturities<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2cd5 w2b h86\"><div class=\"t m0 x181 h87 y1be8 ff10b fs3a fc2 sc0 ls21 ws35\">(75,0<span class=\"_ _2\"></span>32)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2cd5 w25 h86\"><div class=\"t m0 x187 h88 y1be8 ff10a fs3a fc2 sc0 ls20 ws36\">(58,581)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cd6 w4d h8a\"><div class=\"t m0 x0 h87 y1c41 ff10b fs3a fc2 sc0 ls28 ws40\">Non<span class=\"ls1 ws0\">-<span class=\"ls22 ws3e\">cur<span class=\"_ _1\"></span>rent</span></span><span class=\"ls1 ws0\"><span class=\"ls22 ws3e\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x28c y2cd6 w20 h8a\"><div class=\"t m0 x180 h87 y1c41 ff10b fs3a fc2 sc0 ls21 ws35\">327,<span class=\"_ _2\"></span>156<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2cd6 w20 h8a\"><div class=\"t m0 x181 h88 y1c41 ff10a fs3a fc2 sc0 ls20 ws36\">285,430<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 h98 ff10a fs39 fc2 sc0 ls2f ws70 gs2ed\">See Note 8,<span class=\"_ _2\"></span> Finance expense<span class=\"_ _2\"></span>s and i<span class=\"_ _2\"></span>ncome, for i<span class=\"_ _2\"></span>nterest expense <span class=\"_ _2\"></span>from l<span class=\"_ _2\"></span>ease liabilities.<span class=\"_ _2\"></span> Lease int<span class=\"_ _2\"></span>erest </div><div class=\"t m0 h98 ff10a fs39 fc2 sc0 ls2f ws70 gs2ee\">payments were $19<span class=\"_ _2\"></span>.4 million<span class=\"_ _2\"></span> and $<span class=\"_ _2\"></span><span class=\"ls31 ws53\">14.</span>2 million fo<span class=\"_ _2\"></span>r the year<span class=\"_ _2\"></span>s <span class=\"ls31 ws51\">ended November 30, 2025 and 2024, </span></div><div class=\"t m0 h98 ff10a fs39 fc2 sc0 ls30 ws50 gs2ef\">respec<span class=\"_ _2\"></span>tively<span class=\"_ _2\"></span>. To<span class=\"_ _2\"></span>tal l<span class=\"_ _2\"></span>ease<span class=\"_ _2\"></span> paym<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>ts, i<span class=\"_ _2\"></span>ncludi<span class=\"_ _2\"></span>ng p<span class=\"_ _2\"></span>rinci<span class=\"_ _2\"></span>pal<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> intere<span class=\"_ _2\"></span>st,<span class=\"_ _2\"></span> were<span class=\"_ _2\"></span> $<span class=\"ls31 ws53\">89.9<span class=\"ls1 ws0\"> </span></span>milli<span class=\"_ _2\"></span>on and<span class=\"_ _2\"></span> $<span class=\"ls31 ws53\">78.3<span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 h98 ff10a fs39 fc2 sc0 ls2f ws70 gs2f0\">million for <span class=\"_ _2\"></span>the years <span class=\"ls31 ws51\">e<span class=\"_ _2\"></span>nded November 30, 202<span class=\"ws53\">5 <span class=\"ls30 ws50\">and 202<span class=\"_ _2\"></span><span class=\"ls1 ws0\">4</span></span></span></span>, respectively<span class=\"ls1 ws0\">. </span></div><div class=\"t m0 ha9 ff109 fs3a fcb sc0 ls2a ws6e gs2f1\">Oper<span class=\"_ _2\"></span>ating Le<span class=\"_ _2\"></span>ases<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff10a fs39 fc2 sc0 ls30 ws50 gs2f2\">Minimum<span class=\"_ _2\"></span> fu<span class=\"_ _2\"></span>ture<span class=\"_ _2\"></span> lease<span class=\"_ _2\"></span> com<span class=\"_ _2\"></span>mitm<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span>, unde<span class=\"_ _2\"></span>r ag<span class=\"_ _2\"></span>reeme<span class=\"_ _2\"></span>nts w<span class=\"_ _2\"></span>hich e<span class=\"_ _2\"></span>xp<span class=\"_ _2\"></span>ire at<span class=\"_ _2\"></span> vari<span class=\"_ _2\"></span>ous d<span class=\"_ _2\"></span>ates<span class=\"_ _2\"></span> up<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span>the e<span class=\"_ _2\"></span>nd </div><div class=\"t m0 h98 ff10a fs39 fc2 sc0 ls4a ws76 gs2f3\">of<span class=\"ls1 ws0\"> <span class=\"ls31 ws53\">2030</span></span><span class=\"ws74\">, are as f<span class=\"_ _2\"></span>ollows:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div><div class=\"gs2f4\"><table class=\"s w151 h137\" id=\"_50b7ce38-4041-4768-9524-cd02e8745953\"><tr><td class=\"c x24b y2cbe w4d hb9\"><div class=\"t m0 x0 h82 y1c3c ff10a fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"c x28c y2cbe w20 hb9\"><div class=\"t m0 x177 h85 y1eb6 ff10b fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2cbe w20 hb9\"><div class=\"t m0 x1a0 h82 y1eb6 ff10a fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cbf w4d h86\"><div class=\"t m0 x0 h88 y1bea ff10a fs3a fc2 sc0 ls25 ws3c\">Less than:<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x24b y2cc0 w4d h86\"><div class=\"t m0 x0 h88 y1be8 ff10a fs3a fc2 sc0 ls20 ws34\">1 year<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2cc0 w20 h86\"><div class=\"t m0 x185 h87 y1be8 ff10b fs3a fc2 sc0 ls21 ws35\">1,89<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2cc0 w20 h86\"><div class=\"t m0 x184 h88 y1be8 ff10a fs3a fc2 sc0 ls20 ws36\">2,939<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cc1 w4d h8c\"><div class=\"t m0 x0 h88 y1bf1 ff10a fs3a fc2 sc0 ls20 ws34\">2 years<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2cc1 w20 h8c\"><div class=\"t m0 x1a0 h87 y1bf1 ff10b fs3a fc2 sc0 ls21 ws35\">423<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2cc1 w20 h8c\"><div class=\"t m0 x171 h88 y1bf1 ff10a fs3a fc2 sc0 ls20 ws36\">566<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cc2 w4d h89\"><div class=\"t m0 x0 h88 y1bef ff10a fs3a fc2 sc0 ls20 ws34\">3 years<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2cc2 w20 h89\"><div class=\"t m0 x1a0 h87 y1bef ff10b fs3a fc2 sc0 ls21 ws35\">353<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2cc2 w20 h89\"><div class=\"t m0 x171 h88 y1bef ff10a fs3a fc2 sc0 ls20 ws36\">410<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cc3 w4d h8b\"><div class=\"t m0 x0 h88 y1bf4 ff10a fs3a fc2 sc0 ls20 ws34\">4 years<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2cc3 w20 h8b\"><div class=\"t m0 x1a0 h87 y1bf4 ff10b fs3a fc2 sc0 ls21 ws35\">265<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2cc3 w20 h8b\"><div class=\"t m0 x171 h88 y1bf4 ff10a fs3a fc2 sc0 ls20 ws36\">282<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cc4 w4d h8a\"><div class=\"t m0 x0 h88 y1c3f ff10a fs3a fc2 sc0 ls20 ws34\">5 years<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2cc4 w20 h8a\"><div class=\"t m0 x193 h87 y1c3f ff10b fs3a fc2 sc0 ls27 ws3f\">43<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2cc4 w20 h8a\"><div class=\"t m0 x1 h88 y1c3f ff10a fs3a fc2 sc0 ls20 ws36\">88<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x28c y2cc5 w20 h86\"><div class=\"t m0 x185 h87 y1bf8 ff10b fs3a fc2 sc0 ls21 ws35\">2,98<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2cc5 w20 h86\"><div class=\"t m0 x184 h88 y1bf8 ff10a fs3a fc2 sc0 ls20 ws36\">4,285<span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 h98 ff10a fs39 fc2 sc0 ls2f ws70 gs2f5\">The commitments<span class=\"_ _2\"></span> for the y<span class=\"_ _2\"></span>ear <span class=\"ls31 ws51\">ended November 30, 202<span class=\"_ _2\"></span><span class=\"ls1 ws0\">5 <span class=\"_ _3\"></span><span class=\"ls2f ws70\">re<span class=\"_ _2\"></span>lated to le<span class=\"_ _2\"></span>ases which<span class=\"_ _2\"></span> are <span class=\"ls30 ws52\">sho<span class=\"_ _2\"></span>rt<span class=\"ls1 ws0\"> </span>term </span></span></span></span></div><div class=\"t m0 h98 ff10a fs39 fc2 sc0 ls30 ws50 gs2f6\">(less<span class=\"_ _2\"></span> than <span class=\"_ _2\"></span>one<span class=\"_ _2\"></span> year<span class=\"_ _2\"></span>) or<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls4a ws76\">low<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">value <span class=\"ls48 ws72\">(less</span></span> <span class=\"ls31 ws51\">than $5,000) and</span> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">c<span class=\"_ _2\"></span>onsist<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> tank<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntaine<span class=\"_ _2\"></span>rs, <span class=\"_ _2\"></span>ship<span class=\"_ _2\"></span>s, ba<span class=\"_ _2\"></span>rges<span class=\"_ _2\"></span>, </span></span></span></span></div><div class=\"t m0 h98 ff10a fs39 fc2 sc0 ls2f ws70 gs2f7\">offices, automobi<span class=\"_ _2\"></span>les and<span class=\"ls1 ws0\"> </span>equipment lea<span class=\"_ _2\"></span>ses. <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff10a fs39 fc2 sc0 ls30 ws50 gs2f9\">Rental<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> char<span class=\"_ _2\"></span>ter <span class=\"_ _2\"></span>hire e<span class=\"_ _2\"></span>xpen<span class=\"_ _2\"></span>ses u<span class=\"_ _2\"></span>nder<span class=\"_ _2\"></span> ope<span class=\"_ _2\"></span>rating<span class=\"_ _2\"></span> leas<span class=\"_ _2\"></span>e ag<span class=\"_ _2\"></span>reeme<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span> for <span class=\"_ _2\"></span>the ye<span class=\"_ _2\"></span>ars<span class=\"_ _2\"></span> ended<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff10a fs39 fc2 sc0 ls4b ws77 gs2fa\">Novemb<span class=\"_ _2\"></span>er<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">30, 202</span>5 <span class=\"_ _1\"></span><span class=\"ls31 ws51\">and 202<span class=\"ls1 ws0\">4 <span class=\"_ _1\"></span><span class=\"ls2f ws70\">were $<span class=\"ls1 ws0\">2<span class=\"ls31 ws53\">4.</span>4 <span class=\"_ _1\"></span><span class=\"ls2f ws70\">million<span class=\"_ _2\"></span> and $3<span class=\"ls1 ws0\">4.<span class=\"_ _1\"></span>7 <span class=\"ls2f ws70\">million, respectively. The<span class=\"_ _2\"></span>re was no <span class=\"_ _2\"></span>sub</span>-<span class=\"_ _195\"> </span></span></span></span></span></span></span></span></div><div class=\"t m0 h98 ff10a fs39 fc2 sc0 ls2f ws70 gs2fb\">lease income i<span class=\"_ _2\"></span>n either yea<span class=\"_ _2\"></span>r. <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff10a fs39 fc2 sc0 ls30 ws50 gs2fc\">Variabl<span class=\"_ _2\"></span>e le<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span> consi<span class=\"_ _2\"></span>dera<span class=\"_ _2\"></span>tion <span class=\"_ _2\"></span>rel<span class=\"_ _2\"></span>ated <span class=\"_ _2\"></span>to cha<span class=\"_ _2\"></span>rte<span class=\"_ _2\"></span>r hire<span class=\"_ _2\"></span> ex<span class=\"_ _2\"></span>pense<span class=\"_ _2\"></span>s to<span class=\"_ _2\"></span> partic<span class=\"_ _2\"></span>ipant<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>n <span class=\"ls46 ws6f\">ST<span class=\"_ _2\"></span>JS<span class=\"ls1 ws0\"> </span></span>was <span class=\"_ _2\"></span>incl<span class=\"_ _2\"></span>uded i<span class=\"_ _2\"></span>n </div><div class=\"t m0 h98 ff10a fs39 fc2 sc0 ls1 ws0 gs2fd\">c<span class=\"ls30 ws50\">harter and<span class=\"_ _2\"></span> le<span class=\"_ _2\"></span>ase e<span class=\"_ _2\"></span>xpense<span class=\"_ _2\"></span>s. <span class=\"_ _2\"></span>It w<span class=\"_ _2\"></span>as $<span class=\"ls31 ws53\">201.2<span class=\"_ _2\"></span></span></span> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">millio<span class=\"_ _2\"></span>n and $<span class=\"ls31 ws53\">318.8<span class=\"ls1 ws0\"> </span></span>million, respec<span class=\"_ _2\"></span>tively, fo<span class=\"_ _2\"></span>r the years </span></div><div class=\"t m0 h98 ff10a fs39 fc2 sc0 ls31 ws51 gs2fe\">ended November 30, 202<span class=\"ls1 ws0\">5 <span class=\"_ _3\"></span><span class=\"ls31 ws51\">a<span class=\"_ _2\"></span>nd 202<span class=\"ls1 ws0\">4.<span class=\"_ _1\"></span> <span class=\"ls30 ws50\">The reduc<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span> is d<span class=\"_ _2\"></span>ue t<span class=\"_ _2\"></span>o the<span class=\"_ _2\"></span> acqui<span class=\"_ _2\"></span>siti<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>rema<span class=\"_ _2\"></span>ining<span class=\"_ _2\"></span> 50<span class=\"_ _2\"></span>% </span></span></span></span></div><div class=\"t m0 h98 ff10a fs39 fc2 sc0 ls4a ws76 gs2ff\">of <span class=\"ls46 ws6f\">HS4<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">in 2025. See <span class=\"ls53 ws32\">Note 3<span class=\"_ _2\"></span>3</span></span>. </span></span></div><div class=\"t m0 h98 ff10a fs39 fc2 sc0 ls30 ws50 gs300\">There<span class=\"_ _2\"></span> were <span class=\"_ _2\"></span>no no<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\">-<span class=\"ls2f ws75\">cancellable sub</span>-</span>lease<span class=\"_ _2\"></span>s dur<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> the ye<span class=\"_ _2\"></span>ars e<span class=\"_ _2\"></span>nde<span class=\"_ _2\"></span>d Nove<span class=\"_ _2\"></span>mber<span class=\"_ _2\"></span> 30,<span class=\"_ _2\"></span> 202<span class=\"_ _2\"></span><span class=\"ls1 ws0\">5 <span class=\"_ _1\"></span><span class=\"ls30 ws50\">and<span class=\"_ _2\"></span> 202<span class=\"ls1 ws0\">4.</span></span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"ls1 ws0\"> </span></span></span></div>Financial Liabilities<span class=\"ls1 ws0\"> </span>Financial liabilities at<span class=\"_ _2\"></span> amortised cost<span class=\"_ _2\"></span><span class=\"ff17f ls1 ws0\"> </span>Accounts payables, excluding withholding and value<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls28\">adde<span class=\"_ _2\"></span>d ta<span class=\"_ _2\"></span>xes</span></span><span class=\"ls1 ws0\"><span class=\"ls28\"><span class=\"ls1\"> </span></span></span>117,080<span class=\"ls1 ws0\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span>117,080<span class=\"ls1 ws0\"> </span>117,080<span class=\"ls1 ws0\"> </span>88,320<span class=\"ls1 ws0\"> </span>\u2013<span class=\"ff17f\"> </span>88,320<span class=\"ls1 ws0\"> </span>88,320<span class=\"ls1 ws0\"> </span>Accrued expenses a<span class=\"_ _1\"></span>nd accrued voyage expenses<span class=\"_ _1\"></span><span class=\"ls29 ws42\">, ex<span class=\"_ _2\"></span>cluding co<span class=\"_ _2\"></span>ntract<span class=\"_ _2\"></span> liabilities a<span class=\"_ _2\"></span>nd </span>deferred rev<span class=\"_ _1\"></span>enue<span class=\"ls1 ws0\"> </span>282,144<span class=\"ls1 ws0\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span>282,144<span class=\"ls1 ws0\"> </span>282,144<span class=\"ls1 ws0\"> </span>291,209<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>\u2013<span class=\"ff17f\"> </span>291,209<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>291,209<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>Dividend paya<span class=\"_ _2\"></span>ble<span class=\"ls1 ws0\"> </span>53,177<span class=\"ls1 ws0\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span>53,177<span class=\"ls1 ws0\"> </span>53,177<span class=\"ls1 ws0\"> </span>66,972<span class=\"ls1 ws0\"> </span>\u2013<span class=\"ff17f\"> </span>66,972<span class=\"ls1 ws0\"> </span>66,972<span class=\"ls1 ws0\"> </span>Long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease<span class=\"_ _2\"></span> obligations,<span class=\"_ _2\"></span> includin<span class=\"_ _2\"></span>g curre<span class=\"_ _2\"></span>nt maturit<span class=\"_ _2\"></span>ies</span></span><span class=\"ls1 ws0\"> </span>75,032<span class=\"ls1 ws0\"> </span>327,156<span class=\"ls1 ws0\"> </span>402,<span class=\"_ _2\"></span>188<span class=\"ls1 ws0\"> </span>402,<span class=\"_ _2\"></span>188<span class=\"ls1 ws0\"> </span>58,581<span class=\"ls1 ws0\"> </span>285,430<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>344,011<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>344,011<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Short<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2e ws4c\">ter<span class=\"_ _2\"></span>m loans and l<span class=\"ls24 ws3b\">ong<span class=\"ls1 ws0\">-<span class=\"ls23 ws4b\">term<span class=\"_ _1\"></span> debt, includi<span class=\"_ _1\"></span>ng current maturi<span class=\"_ _1\"></span>ties<span class=\"ls1 ws0\"> <span class=\"ls2e ws5c\">and <span class=\"_ _1\"></span><span class=\"ls28 wsc0\">ex<span class=\"_ _2\"></span>cluding de<span class=\"_ _2\"></span>bt<span class=\"_ _195\"> </span></span></span></span></span></span></span></span></span>issuance costs<span class=\"_ _195\"> </span>361,550<span class=\"ls1 ws0\"> </span>1,855,520<span class=\"ls1 ws0\"> </span>2,21<span class=\"_ _2\"></span>7,070<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>2,32<span class=\"_ _2\"></span>6,668<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>200,446<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>1,<span class=\"_ _2\"></span>660,0<span class=\"_ _2\"></span>51<span class=\"ls1 ws0\"> </span>1,860,497<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>1,979,333<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Other cur<span class=\"_ _2\"></span>rent liabilit<span class=\"_ _2\"></span>ies<span class=\"ls1 ws0\"> </span>42,918<span class=\"ls1 ws0\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span>42,918<span class=\"ls1 ws0\"> </span>42,918<span class=\"ls1 ws0\"> </span>56,031<span class=\"ls1 ws0\"> </span>\u2013<span class=\"ff17f\"> </span>56,031<span class=\"ls1 ws0\"> </span>56,031<span class=\"ls1 ws0\"> </span>931,901<span class=\"_ _195\"> </span>2,182,676<span class=\"_ _195\"> </span>3,11<span class=\"_ _2\"></span>4,577<span class=\"_ _195\"> </span>3,22<span class=\"_ _2\"></span>4,175<span class=\"_ _195\"> </span>761,559<span class=\"_ _195\"> </span>1,<span class=\"_ _2\"></span>945,4<span class=\"_ _2\"></span>81<span class=\"_ _195\"> </span>2,707,040<span class=\"_ _195\"> </span>2,825,876<span class=\"_ _195\"> </span>Matu<span class=\"_ _2\"></span>rity of f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial <span class=\"ls6d wsa9\">liabilit<span class=\"_ _1\"></span>ies<span class=\"ls1 ws0\">  </span></span><table class=\"s w17b h157\" id=\"_21c836a0-bbb1-4911-90c3-b06bf8ee7312\"><tr><td class=\"c x246 y2e61 w1a3 h158\"><div class=\"t m0 x245 h85 y2c8b ff193 fs3b fc2 sc0 ls65 ws9b\">For the yea<span class=\"_ _2\"></span>r ended <span class=\"_ _2\"></span>November 3<span class=\"_ _2\"></span>0, 20<span class=\"_ _195\"> </span></div><div class=\"t m0 x393 h85 y2e60 ff193 fs3b fc2 sc0 ls1b ws2f\">25<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x394 h85 y2e62 ff193 fs3b fc2 sc0 ls87 wsdc\">Less<span class=\"ls1 ws0\"> than<span class=\"_ _195\"> </span></span></td><td></td><td></td><td class=\"t m0 x38e h85 y2e62 ff193 fs3b fc2 sc0 ls65 ws99\">More<span class=\"ls1 ws0\"> than<span class=\"_ _195\"> </span></span></td><td></td></tr><tr><td class=\"c x24b y2e63 wd7 hb6\"><div class=\"t m0 x0 h85 y1c8e ff193 fs3b fc2 sc0 ls1 ws0\">(<span class=\"ls65 ws99\"></span><span class=\"ls65 ws99\">in</span> US $ thousands) </div></td><td class=\"c x29e y2e63 w54 hb6\"><div class=\"t m0 x15 h85 y1c8c ff193 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x1be h85 y1c8e ff193 fs3b fc2 sc0 ls1 ws0\">1 <span class=\"ls19 ws2d\">yr</span> </div></td><td class=\"c x29f y2e63 w34 hb6\"><div class=\"t m0 x185 h85 y1c8b ff193 fs3b fc2 sc0 ls1 ws0\">2-3 <span class=\"ls7c wsc3\">yrs</span> </div></td><td class=\"c x2fb y2e63 w20 hb6\"><div class=\"t m0 x185 h85 y1c8b ff193 fs3b fc2 sc0 ls1 ws0\">4-5 <span class=\"ls7c wsc3\">yrs</span> </div></td><td class=\"c x2a1 y2e63 w20 hb6\"><div class=\"t m0 x15 h85 y1c8c ff193 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x177 h85 y1c8e ff193 fs3b fc2 sc0 ls1 ws0\">5 <span class=\"ls7c wsc3\">yrs</span> </div></td><td class=\"c x2fa y2e63 w55 hb6\"><div class=\"t m0 x177 h85 y1c8b ff193 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2e64 wd7 h86\"><div class=\"t m0 x0 h87 y1c4c ff193 fs3a fc2 sc0 ls2c ws5a\">Contractual obligations<span class=\"_ _1\"></span>:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e65 wd7 h86\"><div class=\"t m0 x0 h88 y1bef ff194 fs3a fc2 sc0 ls24 ws3a\">Accounts payable, excluding withholding and value<span class=\"ls1 ws0\">-<span class=\"ls28\">added<span class=\"_ _2\"></span> taxe<span class=\"_ _2\"></span>s</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e65 w54 h86\"><div class=\"t m0 x180 h87 y1bef ff193 fs3a fc2 sc0 ls21 ws35\">117,<span class=\"_ _2\"></span>080<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e65 w34 h86\"><div class=\"t m0 x2d h87 y1bef ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fb y2e65 w20 h86\"><div class=\"t m0 x2d h87 y1bef ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2a1 y2e65 w20 h86\"><div class=\"t m0 x2d h87 y1bef ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e65 w55 h86\"><div class=\"t m0 x180 h87 y1bef ff193 fs3a fc2 sc0 ls21 ws35\">117,<span class=\"_ _2\"></span>080<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e66 wd7 h8a\"><div class=\"t m0 x0 h88 y1bff ff194 fs3a fc2 sc0 ls28 ws0\">Accr<span class=\"_ _2\"></span>ued e<span class=\"_ _2\"></span>xpens<span class=\"_ _2\"></span>es and di<span class=\"_ _2\"></span>viden<span class=\"_ _2\"></span>d pay<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span><span class=\"ls29 ws42\">, excluding<span class=\"_ _2\"></span> contr<span class=\"_ _2\"></span>act liabilities</span><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span><span class=\"ls1\">  </span></div></td><td class=\"c x29e y2e66 w54 h8a\"><div class=\"t m0 x180 h87 y1bff ff193 fs3a fc2 sc0 ls21 ws35\">361,<span class=\"_ _2\"></span>461<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e66 w34 h8a\"><div class=\"t m0 x2d h87 y1bff ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fb y2e66 w20 h8a\"><div class=\"t m0 x2d h87 y1bff ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2a1 y2e66 w20 h8a\"><div class=\"t m0 x2d h87 y1bff ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e66 w55 h8a\"><div class=\"t m0 x180 h87 y1bff ff193 fs3a fc2 sc0 ls21 ws35\">361,<span class=\"_ _2\"></span>461<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e67 wd7 h86\"><div class=\"t m0 x0 h88 y1bfa ff194 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease<span class=\"_ _2\"></span> liabilities,<span class=\"_ _2\"></span> includ<span class=\"_ _2\"></span>ing curr<span class=\"_ _2\"></span>ent maturit<span class=\"_ _2\"></span>ies</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e67 w54 h86\"><div class=\"t m0 x179 h87 y1bfa ff193 fs3a fc2 sc0 ls23 ws39\">75,032<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e67 w34 h86\"><div class=\"t m0 x180 h87 y1bfa ff193 fs3a fc2 sc0 ls21 ws35\">105,<span class=\"_ _2\"></span>225<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e67 w20 h86\"><div class=\"t m0 x179 h87 y1bfa ff193 fs3a fc2 sc0 ls23 ws39\">62,792<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e67 w20 h86\"><div class=\"t m0 x180 h87 y1bfa ff193 fs3a fc2 sc0 ls21 ws35\">159,<span class=\"_ _2\"></span>139<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e67 w55 h86\"><div class=\"t m0 x180 h87 y1bfa ff193 fs3a fc2 sc0 ls21 ws35\">402,<span class=\"_ _2\"></span>188<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e68 wd7 h86\"><div class=\"t m0 x0 h88 y1bf8 ff194 fs3a fc2 sc0 ls24 ws3a\">Interest on long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease l<span class=\"_ _2\"></span>iabilities</span></span><span class=\"ls1 ws0\"><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span> </span></div></td><td class=\"c x29e y2e68 w54 h86\"><div class=\"t m0 x179 h87 y1bf8 ff193 fs3a fc2 sc0 ls23 ws39\">20,426<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e68 w34 h86\"><div class=\"t m0 x179 h87 y1bf8 ff193 fs3a fc2 sc0 ls23 ws39\">29,249<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e68 w20 h86\"><div class=\"t m0 x179 h87 y1bf8 ff193 fs3a fc2 sc0 ls23 ws39\">19,878<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e68 w20 h86\"><div class=\"t m0 x179 h87 y1bf8 ff193 fs3a fc2 sc0 ls27 ws3f\">73<span class=\"ls23 ws39\">,524</span><span class=\"ls23 ws39\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2fa y2e68 w55 h86\"><div class=\"t m0 x180 h87 y1bf8 ff193 fs3a fc2 sc0 ls21 ws35\">143,<span class=\"_ _2\"></span>077<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e69 wd7 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff194 fs3a fc2 sc0 ls22 ws3e\">Short<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls24 ws3a\">term bank loans</span></span><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x29e y2e69 w54 h8a\"><div class=\"t m0 x179 h87 y1bf6 ff193 fs3a fc2 sc0 ls23 ws39\">65,000<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e69 w34 h8a\"><div class=\"t m0 x2d h87 y1bf6 ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fb y2e69 w20 h8a\"><div class=\"t m0 x2d h87 y1bf6 ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2a1 y2e69 w20 h8a\"><div class=\"t m0 x2d h87 y1bf6 ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e69 w55 h8a\"><div class=\"t m0 x179 h87 y1bf6 ff193 fs3a fc2 sc0 ls23 ws39\">65,000<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6a wd7 h8b\"><div class=\"t m0 x0 h88 y1c05 ff194 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls2a ws5a\">term de<span class=\"_ _2\"></span>bt<span class=\"_ _2\"></span></span>, <span class=\"_ _3\"></span><span class=\"ls24 ws3a\">including<span class=\"_ _2\"></span> current maturities</span></span><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x29e y2e6a w54 h8b\"><div class=\"t m0 x180 h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">296,<span class=\"_ _2\"></span>550<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6a w34 h8b\"><div class=\"t m0 x180 h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">652,<span class=\"_ _2\"></span>276<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e6a w20 h8b\"><div class=\"t m0 x180 h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">564,<span class=\"_ _2\"></span>356<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e6a w20 h8b\"><div class=\"t m0 x180 h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">638,<span class=\"_ _2\"></span>888<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e6a w55 h8b\"><div class=\"t m0 x17a h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">2,15<span class=\"_ _2\"></span>2,070<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6b wd7 h86\"><div class=\"t m0 x0 h88 y1bde ff194 fs3a fc2 sc0 ls24 ws3a\">Interest on long<span class=\"ls1 ws0\">-<span class=\"ls26 ws3d\">term deb<span class=\"_ _1\"></span>t</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x29e y2e6b w54 h86\"><div class=\"t m0 x180 h87 y1bde ff193 fs3a fc2 sc0 ls21 ws35\">110,<span class=\"_ _2\"></span>090<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6b w34 h86\"><div class=\"t m0 x180 h87 y1bde ff193 fs3a fc2 sc0 ls21 ws35\">182,<span class=\"_ _2\"></span>387<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e6b w20 h86\"><div class=\"t m0 x180 h87 y1bde ff193 fs3a fc2 sc0 ls21 ws35\">118,<span class=\"_ _2\"></span>276<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e6b w20 h86\"><div class=\"t m0 x179 h87 y1bde ff193 fs3a fc2 sc0 ls23 ws39\">96,926<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e6b w55 h86\"><div class=\"t m0 x180 h87 y1bde ff193 fs3a fc2 sc0 ls21 ws35\">507,<span class=\"_ _2\"></span>679<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6c wd7 h8a\"><div class=\"t m0 x0 h88 y1be0 ff194 fs3a fc2 sc0 ls29 ws42\">Derivative f<span class=\"_ _2\"></span>inancial lia<span class=\"_ _2\"></span>bilities<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e6c w54 h8a\"><div class=\"t m0 x185 h87 y1be0 ff193 fs3a fc2 sc0 ls21 ws35\">4,70<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6c w34 h8a\"><div class=\"t m0 x185 h87 y1be0 ff193 fs3a fc2 sc0 ls21 ws35\">7,04<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e6c w20 h8a\"><div class=\"t m0 x185 h87 y1be0 ff193 fs3a fc2 sc0 ls21 ws35\">6,98<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e6c w20 h8a\"><div class=\"t m0 x2d h87 y1be0 ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e6c w55 h8a\"><div class=\"t m0 x179 h87 y1be0 ff193 fs3a fc2 sc0 ls23 ws39\">18,730<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6d wd7 h86\"><div class=\"t m0 x0 h88 y1bde ff194 fs3a fc2 sc0 ls24 ws3a\">Other current<span class=\"ls1 ws0\"> <span class=\"ls29 ws44\">liabilities</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e6d w54 h86\"><div class=\"t m0 x179 h87 y1bde ff193 fs3a fc2 sc0 ls23 ws39\">42,918<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6d w34 h86\"><div class=\"t m0 x2d h87 y1bde ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fb y2e6d w20 h86\"><div class=\"t m0 x2d h87 y1bde ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2a1 y2e6d w20 h86\"><div class=\"t m0 x2d h87 y1bde ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e6d w55 h86\"><div class=\"t m0 x179 h87 y1bde ff193 fs3a fc2 sc0 ls23 ws39\">42,918<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6e wd7 h86\"><div class=\"t m0 x0 h87 y1be4 ff193 fs3a fc2 sc0 ls25 ws4d\">Total contractual obligations<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e6e w54 h86\"><div class=\"t m0 x17a h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">1,09<span class=\"_ _2\"></span>3,258<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6e w34 h86\"><div class=\"t m0 x180 h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">976,<span class=\"_ _2\"></span>182<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e6e w20 h86\"><div class=\"t m0 x180 h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">772,<span class=\"_ _2\"></span>286<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e6e w20 h86\"><div class=\"t m0 x180 h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">968,<span class=\"_ _2\"></span>477<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e6e w55 h86\"><div class=\"t m0 x17a h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">3,81<span class=\"_ _2\"></span>0,203<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table><table class=\"s w17b h159\" id=\"_7e447562-4eb7-427c-92a7-a51fc0881bd2\"><tr><td class=\"c x246 y2e6f w1a4 h115\"><div class=\"t m0 x245 h82 y29a6 ff194 fs3b fc2 sc0 ls1 ws32\">For the year<span class=\"_ _195\"> </span></div><div class=\"t m0 x395 h82 y29a6 ff194 fs3b fc2 sc0 ls1 ws0\">ended November <span class=\"ls69 wsa2\">30, 2024<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x394 h82 y2e70 ff194 fs3b fc2 sc0 ls7c wsc3\">Less<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">than<span class=\"_ _195\"> </span></span></span></td><td></td><td></td><td class=\"t m0 x38e h82 y2e70 ff194 fs3b fc2 sc0 ls65 ws99\">More<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">tha<span class=\"_ _2\"></span>n<span class=\"_ _195\"> </span></span></span></td><td></td></tr><tr><td class=\"c x24b y2e71 wd7 hc6\"><div class=\"t m0 x0 h82 y1c51 ff194 fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"c x29e y2e71 w54 hc6\"><div class=\"t m0 x15 h82 y2486 ff194 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x19f h82 y1d6f ff194 fs3b fc2 sc0 ls1 ws0\">1 <span class=\"ls69 wsbc\">yr</span> </div></td><td class=\"c x29f y2e71 w34 hc6\"><div class=\"t m0 x184 h82 y22db ff194 fs3b fc2 sc0 ls1 ws0\">2-3 <span class=\"ls69 wsbc\">yrs</span> </div></td><td class=\"c x2fb y2e71 w20 hc6\"><div class=\"t m0 x184 h82 y22db ff194 fs3b fc2 sc0 ls1 ws0\">4-5 <span class=\"ls69 wsbc\">yrs</span> </div></td><td class=\"c x2a1 y2e71 w20 hc6\"><div class=\"t m0 x15 h82 y2486 ff194 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x1a0 h82 y1d6f ff194 fs3b fc2 sc0 ls1 ws0\">5 <span class=\"ls69 wsbc\">yrs</span> </div></td><td class=\"c x2fa y2e71 w55 hc6\"><div class=\"t m0 x177 h82 y22db ff194 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2e72 wd7 h8a\"><div class=\"t m0 x0 h87 y1bf6 ff193 fs3a fc2 sc0 ls2c ws5a\">Contractual obligations<span class=\"_ _1\"></span>:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e73 wd7 h86\"><div class=\"t m0 x0 h88 y1bf8 ff194 fs3a fc2 sc0 ls24 ws3a\">Accounts payable, excluding withholding and value<span class=\"ls1 ws0\">-<span class=\"ls28\">added<span class=\"_ _2\"></span> taxe<span class=\"_ _2\"></span>s</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e73 w54 h86\"><div class=\"t m0 x183 h88 y1bf8 ff194 fs3a fc2 sc0 ls20 ws36\">88,320<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e73 w34 h86\"><div class=\"t m0 x2d h88 y1bf8 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fb y2e73 w20 h86\"><div class=\"t m0 x2d h88 y1bf8 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2a1 y2e73 w20 h86\"><div class=\"t m0 x2d h88 y1bf8 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fa y2e73 w55 h86\"><div class=\"t m0 x183 h88 y1bf8 ff194 fs3a fc2 sc0 ls20 ws36\">88,320<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e74 wd7 h86\"><div class=\"t m0 x0 h88 y1bde ff194 fs3a fc2 sc0 ls28 ws0\">Accr<span class=\"_ _2\"></span>ued e<span class=\"_ _2\"></span>xpens<span class=\"_ _2\"></span>es and di<span class=\"_ _2\"></span>viden<span class=\"_ _2\"></span>d pay<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span><span class=\"ls29 ws42\">, excluding<span class=\"_ _2\"></span> contr<span class=\"_ _2\"></span>act liabilities</span><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span><span class=\"ls1\">  </span></div></td><td class=\"c x29e y2e74 w54 h86\"><div class=\"t m0 x181 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">379,749<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e74 w34 h86\"><div class=\"t m0 x2d h88 y1bde ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fb y2e74 w20 h86\"><div class=\"t m0 x2d h88 y1bde ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2a1 y2e74 w20 h86\"><div class=\"t m0 x2d h88 y1bde ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fa y2e74 w55 h86\"><div class=\"t m0 x181 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">379,749<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e75 wd7 ha4\"><div class=\"t m0 x0 h88 y1be0 ff194 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease<span class=\"_ _2\"></span> liabilities,<span class=\"_ _2\"></span> includ<span class=\"_ _2\"></span>ing curr<span class=\"_ _2\"></span>ent maturit<span class=\"_ _2\"></span>ies</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e75 w54 ha4\"><div class=\"t m0 x183 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">58,581<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e75 w34 ha4\"><div class=\"t m0 x183 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">83,169<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e75 w20 ha4\"><div class=\"t m0 x183 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">51,368<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e75 w20 ha4\"><div class=\"t m0 x181 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">150,893<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e75 w55 ha4\"><div class=\"t m0 x181 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">344,011<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e76 wd7 h86\"><div class=\"t m0 x0 h88 y1bde ff194 fs3a fc2 sc0 ls24 ws3a\">Interest on long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease l<span class=\"_ _2\"></span>iabilities</span></span><span class=\"ls1 ws0\"><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span> </span></div></td><td class=\"c x29e y2e76 w54 h86\"><div class=\"t m0 x183 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">17,267<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e76 w34 h86\"><div class=\"t m0 x183 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">26,459<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e76 w20 h86\"><div class=\"t m0 x183 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">18,551<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e76 w20 h86\"><div class=\"t m0 x183 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">73,010<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e76 w55 h86\"><div class=\"t m0 x181 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">135,287<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e77 wd7 h86\"><div class=\"t m0 x0 h88 y1c05 ff194 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls24 ws3a\">term debt, including current<span class=\"_ _2\"></span> maturities</span></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span> </span></div></td><td class=\"c x29e y2e77 w54 h86\"><div class=\"t m0 x181 h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">200,446<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e77 w34 h86\"><div class=\"t m0 x181 h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">506,426<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e77 w20 h86\"><div class=\"t m0 x181 h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">605,365<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e77 w20 h86\"><div class=\"t m0 x181 h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">548,260<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e77 w55 h86\"><div class=\"t m0 x17b h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">1,860,497<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e78 wd7 h8a\"><div class=\"t m0 x0 h88 y1be6 ff194 fs3a fc2 sc0 ls24 ws3a\">Interest on long<span class=\"ls1 ws0\">-<span class=\"ls26 ws3d\">term deb<span class=\"_ _1\"></span>t</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x29e y2e78 w54 h8a\"><div class=\"t m0 x181 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">103,040<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e78 w34 h8a\"><div class=\"t m0 x181 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">170,949<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e78 w20 h8a\"><div class=\"t m0 x181 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">114,561<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e78 w20 h8a\"><div class=\"t m0 x183 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">93,865<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e78 w55 h8a\"><div class=\"t m0 x181 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">482,415<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e79 wd7 h86\"><div class=\"t m0 x0 h88 y1be4 ff194 fs3a fc2 sc0 ls29 ws42\">Derivative f<span class=\"_ _2\"></span>inancial lia<span class=\"_ _2\"></span>bilities<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e79 w54 h86\"><div class=\"t m0 x184 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">1,616<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e79 w34 h86\"><div class=\"t m0 x184 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">6,688<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e79 w20 h86\"><div class=\"t m0 x184 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">5,489<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e79 w20 h86\"><div class=\"t m0 x1a0 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">447<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e79 w55 h86\"><div class=\"t m0 x183 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">14,240<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e7a wd7 h86\"><div class=\"t m0 x0 h88 y1be2 ff194 fs3a fc2 sc0 ls24 ws3a\">Other current<span class=\"ls1 ws0\"> <span class=\"ls29 ws44\">liabilities</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e7a w54 h86\"><div class=\"t m0 x183 h88 y1be2 ff194 fs3a fc2 sc0 ls20 ws36\">56,031<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e7a w34 h86\"><div class=\"t m0 x2d h88 y1be2 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fb y2e7a w20 h86\"><div class=\"t m0 x2d h88 y1be2 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2a1 y2e7a w20 h86\"><div class=\"t m0 x2d h88 y1be2 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fa y2e7a w55 h86\"><div class=\"t m0 x183 h88 y1be2 ff194 fs3a fc2 sc0 ls20 ws36\">56,031<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e7b wd7 h8a\"><div class=\"t m0 x0 h87 y1c79 ff193 fs3a fc2 sc0 ls25 ws4d\">Total contractual obligations<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e7b w54 h8a\"><div class=\"t m0 x181 h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">905,050<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e7b w34 h8a\"><div class=\"t m0 x181 h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">793,691<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e7b w20 h8a\"><div class=\"t m0 x181 h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">795,334<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e7b w20 h8a\"><div class=\"t m0 x181 h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">866,475<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e7b w55 h8a\"><div class=\"t m0 x17b h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">3,360,550<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>Net debt at November 30, 2025 comprises lease liabilities of $402.2 million (2024: $344.0 million), short<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws52\">te<span class=\"_ _2\"></span>rm <span class=\"ws50\">bank l<span class=\"_ _2\"></span>oans<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">of $65.0 <span class=\"_ _2\"></span>million (2024: nil) and long<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">te<span class=\"_ _2\"></span>rm <span class=\"_ _2\"></span>debt,<span class=\"_ _2\"></span> incl<span class=\"_ _2\"></span>uding c<span class=\"_ _2\"></span>ur<span class=\"_ _2\"></span>rent m<span class=\"_ _2\"></span>aturi<span class=\"_ _2\"></span>ties<span class=\"_ _2\"></span>, </span></span></span></span></span></span></span>of<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">$2,134.<span class=\"_ _1\"></span>4 million (2024: $1<span class=\"_ _2\"></span>,842.8 million) less cash and cash equivalents of $144.6 million (2024:<span class=\"ls1 ws0\"> </span>$334.7 million).<span class=\"ls1 ws0\">  </span></span></span><table class=\"s w1b2 h15c\" id=\"_ec34f585-9afd-4cbe-8649-2e5889743c7a\"><tr><td></td><td class=\"t m0 x342 h82 y2e9c ff1b1 fs3b fc2 sc0 ls2d ws4a\">At <span class=\"ls1 ws0\">Dec<span class=\"_ _195\"> </span></span></td><td class=\"c x39b y2e9d w1ac h103\"><div class=\"t m0 x245 h82 y29a6 ff1b1 fs3b fc2 sc0 ls1 ws0\">ember<span class=\"_ _195\"> </span></div></td><td></td><td class=\"c x39c y2e9d w1ad h103\"><div class=\"t m0 x245 h82 y29a6 ff1b1 fs3b fc2 sc0 ls39 ws5f\">Exchan<span class=\"_ _2\"></span>ge<span class=\"_ _195\"> </span></div></td><td></td><td class=\"c x3a1 y2e9e w1b3 h134\"><div class=\"t m0 x245 h85 y2c8b ff1b0 fs3b fc2 sc0 ls65 ws30\">At Novembe<span class=\"_ _2\"></span>r<span class=\"_ _195\"> </span></div></td></tr><tr><td class=\"c x24b y2e9f wd7 he8\"><div class=\"t m0 x0 h82 y1fa0 ff1b1 fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td></td><td class=\"c x39e y2ea0 w1b4 h103\"><div class=\"t m0 x245 h82 y29a6 ff1b1 fs3b fc2 sc0 ls1 ws0\">1<span class=\"ls8a ws9a\">, <span class=\"ls69 wsbc\">2024<span class=\"_ _195\"> </span></span></span></div></td><td class=\"c x29f y2e9f w34 he8\"><div class=\"t m0 x187 h82 y1f57 ff1b1 fs3b fc2 sc0 ls39 ws31\">Cash f<span class=\"_ _2\"></span>low<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x39f y2ea0 w1b0 h103\"><div class=\"t m0 x245 h82 y29a6 ff1b1 fs3b fc2 sc0 ls1 ws0\">differences<span class=\"_ _195\"> </span></div></td><td class=\"c x2a1 y2e9f w20 he8\"><div class=\"t m0 x1a6 h82 y1f57 ff1b1 fs3b fc2 sc0 ls1 ws32\">Other movements<span class=\"ws0\"> </span></div></td><td class=\"c x3a2 y2ea1 w1b5 h134\"><div class=\"t m0 x245 h85 y2c8b ff1b0 fs3b fc2 sc0 ls69 wsbc\">30, <span class=\"ls1b ws2f\">2025<span class=\"_ _195\"> </span></span></div></td></tr><tr><td class=\"c x24b y2ea2 wd7 h8a\"><div class=\"t m0 x0 h88 y1bec ff1b1 fs3a fc2 sc0 ls2e ws5c\">Cash <span class=\"ls24 ws3a\">on hand</span><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></div></td><td></td><td class=\"c x29e y2ea2 w54 h8a\"><div class=\"t m0 x183 h88 y1bec ff1b1 fs3a fc2 sc0 ls20 ws36\">92,073<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2ea2 w34 h8a\"><div class=\"t m0 x183 h88 y1bec ff1b1 fs3a fc2 sc0 ls20 ws36\">32,956<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2ea2 w24 h8a\"><div class=\"t m0 x186 h88 y1bec ff1b1 fs3a fc2 sc0 ls20 ws36\">(3,355)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2ea2 w20 h8a\"><div class=\"t m0 x2d h88 y1bec ff1b2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1b1\"> </span></div></td><td class=\"c x2fa y2ea2 w55 h8a\"><div class=\"t m0 x180 h87 y1bec ff1b0 fs3a fc2 sc0 ls21 ws35\">121,<span class=\"_ _2\"></span>674<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ea3 wd7 h86\"><div class=\"t m0 x0 h88 y1bea ff1b1 fs3a fc2 sc0 ls22 ws3e\">Short<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls26 ws3d\">term time deposi<span class=\"_ _1\"></span>ts</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td></td><td class=\"c x29e y2ea3 w54 h86\"><div class=\"t m0 x181 h88 y1bea ff1b1 fs3a fc2 sc0 ls20 ws36\">242,665<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2ea3 w2c h86\"><div class=\"t m0 x17f h88 y1bea ff1b1 fs3a fc2 sc0 ls20 ws36\">(219,782)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2ea3 w20 h86\"><div class=\"t m0 x2d h88 y1bea ff1b2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1b1\"> </span></div></td><td class=\"c x2a1 y2ea3 w20 h86\"><div class=\"t m0 x2d h88 y1bea ff1b2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1b1\"> </span></div></td><td class=\"c x2fa y2ea3 w55 h86\"><div class=\"t m0 x179 h87 y1bea ff1b0 fs3a fc2 sc0 ls23 ws39\">22,883<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ea4 wd7 h86\"><div class=\"t m0 x0 h88 y1be8 ff1b1 fs3a fc2 sc0 ls24 ws3a\">Cash and cash equivalents<span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x29e y2ea4 w54 h86\"><div class=\"t m0 x181 h88 y1be8 ff1b1 fs3a fc2 sc0 ls20 ws36\">334,738<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2ea4 w2c h86\"><div class=\"t m0 x17f h88 y1be8 ff1b1 fs3a fc2 sc0 ls20 ws36\">(186,826)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2ea4 w24 h86\"><div class=\"t m0 x186 h88 y1be8 ff1b1 fs3a fc2 sc0 ls20 ws36\">(3,355)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2ea4 w20 h86\"><div class=\"t m0 x2d h88 y1be8 ff1b2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1b1\"> </span></div></td><td class=\"c x2fa y2ea4 w55 h86\"><div class=\"t m0 x180 h87 y1be8 ff1b0 fs3a fc2 sc0 ls21 ws35\">144,<span class=\"_ _2\"></span>557<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ea5 wd7 h8b\"><div class=\"t m0 x0 h88 y1e5d ff1b1 fs3a fc2 sc0 ls22 ws3e\">Borrowings<span class=\"ls1 ws0\">:</span><span class=\"ls1 ws0\"><span class=\"_ _3\"></span> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2ea6 wd7 h8a\"><div class=\"t m0 x0 h88 y1c3f ff1b1 fs3a fc2 sc0 ls22 ws3e\">Short<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls24 ws3a\">term bank loans</span></span><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td></td><td class=\"c x29e y2ea6 w54 h8a\"><div class=\"t m0 x2d h88 y1c3f ff1b2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1b1\"> </span></div></td><td class=\"c x29f y2ea6 w2c h8a\"><div class=\"t m0 x187 h88 y1c3f ff1b1 fs3a fc2 sc0 ls20 ws36\">(65,000)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2ea6 w20 h8a\"><div class=\"t m0 x2d h88 y1c3f ff1b2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1b1\"> </span></div></td><td class=\"c x2a1 y2ea6 w20 h8a\"><div class=\"t m0 x2d h88 y1c3f ff1b2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1b1\"> </span></div></td><td class=\"c x2fa y2ea6 w56 h8a\"><div class=\"t m0 x181 h87 y1c3f ff1b0 fs3a fc2 sc0 ls21 ws35\">(65,0<span class=\"_ _2\"></span>00)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ea7 wd7 h86\"><div class=\"t m0 x0 h88 y1bf4 ff1b1 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls24 ws3a\">term debt, including current<span class=\"_ _2\"></span> maturities</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x29e y2ea7 w2b h86\"><div class=\"t m0 x17d h88 y1bf4 ff1b1 fs3a fc2 sc0 ls20 ws36\">(1,842,77<span class=\"_ _2\"></span>2)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2ea7 w34 h86\"><div class=\"t m0 x183 h88 y1bf4 ff1b1 fs3a fc2 sc0 ls20 ws36\">77,563<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2ea7 w24 h86\"><div class=\"t m0 x187 h88 y1bf4 ff1b1 fs3a fc2 sc0 ls20 ws36\">(17,029)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2ea7 w25 h86\"><div class=\"t m0 x17f h88 y1bf4 ff1b1 fs3a fc2 sc0 ls20 ws36\">(352,184)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ea7 w56 h86\"><div class=\"t m0 x17c h87 y1bf4 ff1b0 fs3a fc2 sc0 ls21 ws35\">(2,13<span class=\"_ _2\"></span>4,42<span class=\"_ _2\"></span>2)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ea8 wd7 h86\"><div class=\"t m0 x0 h88 y1bef ff1b1 fs3a fc2 sc0 ls29 ws42\">Lease liabilit<span class=\"_ _2\"></span>ies<span class=\"ls24 ws3a\">, including<span class=\"_ _2\"></span> current maturities</span><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\">  </span></span></div></td><td></td><td class=\"c x29e y2ea8 w2b h86\"><div class=\"t m0 x17f h88 y1bef ff1b1 fs3a fc2 sc0 ls20 ws36\">(344,011)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2ea8 w34 h86\"><div class=\"t m0 x183 h88 y1bef ff1b1 fs3a fc2 sc0 ls20 ws36\">70,496<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2ea8 w24 h86\"><div class=\"t m0 x186 h88 y1bef ff1b1 fs3a fc2 sc0 ls20 ws36\">(4,075)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2ea8 w25 h86\"><div class=\"t m0 x17f h88 y1bef ff1b1 fs3a fc2 sc0 ls20 ws36\">(124,598)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ea8 w56 h86\"><div class=\"t m0 x197 h87 y1bef ff1b0 fs3a fc2 sc0 ls21 ws35\">(402,<span class=\"_ _2\"></span>188)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ea9 wd7 h8c\"><div class=\"t m0 x0 h87 y1c4d ff1b0 fs3a fc2 sc0 ls1f ws33\">Net debt<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x29e y2ea9 w2b h8c\"><div class=\"t m0 x17c h87 y1c4d ff1b0 fs3a fc2 sc0 ls21 ws35\">(1,85<span class=\"_ _2\"></span>2,04<span class=\"_ _2\"></span>5)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2ea9 w2c h8c\"><div class=\"t m0 x197 h87 y1c4d ff1b0 fs3a fc2 sc0 ls21 ws35\">(103,<span class=\"_ _2\"></span>767)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2ea9 w24 h8c\"><div class=\"t m0 x181 h87 y1c4d ff1b0 fs3a fc2 sc0 ls21 ws35\">(24,4<span class=\"_ _2\"></span>59)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2ea9 w25 h8c\"><div class=\"t m0 x197 h87 y1c4d ff1b0 fs3a fc2 sc0 ls21 ws35\">(476,<span class=\"_ _2\"></span>782)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ea9 w56 h8c\"><div class=\"t m0 x17c h87 y1c4d ff1b0 fs3a fc2 sc0 ls21 ws35\">(2,45<span class=\"_ _2\"></span>7,05<span class=\"_ _2\"></span>3)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table><table class=\"s w1ab h15b\" id=\"_ab0d7754-fd07-4d79-964d-8d82323b4c80\"><tr><td></td><td class=\"t m0 x342 h82 y2e90 ff1b1 fs3b fc2 sc0 ls2d ws4a\">At <span class=\"ls1 ws0\">Dec<span class=\"_ _195\"> </span></span></td><td class=\"c x39b y2e91 w1ac h115\"><div class=\"t m0 x245 h82 y29a6 ff1b1 fs3b fc2 sc0 ls1 ws0\">ember<span class=\"_ _195\"> </span></div></td><td></td><td class=\"c x39c y2e91 w1ad h115\"><div class=\"t m0 x245 h82 y29a6 ff1b1 fs3b fc2 sc0 ls39 ws5f\">Exchan<span class=\"_ _2\"></span>ge<span class=\"_ _195\"> </span></div></td><td></td><td class=\"c x39d y2e91 w1ae h115\"><div class=\"t m0 x245 h82 y29a6 ff1b1 fs3b fc2 sc0 ls1 ws9b\">At November<span class=\"_ _195\"> </span></div></td></tr><tr><td class=\"c x246 y2e92 w150 h115\"><div class=\"t m0 x245 h82 y29a6 ff1b1 fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2b9 h82 y29a6 ff1b1 fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td></td><td class=\"c x39e y2e93 w1af h115\"><div class=\"t m0 x245 h82 y29a6 ff1b1 fs3b fc2 sc0 ls1 ws0\">1<span class=\"ls69 wsa2\">, 20<span class=\"ls78 wsbd\">23<span class=\"_ _195\"> </span></span></span></div></td><td class=\"c x29f y2e94 w34 hb6\"><div class=\"t m0 x187 h82 y1fa2 ff1b1 fs3b fc2 sc0 ls39 ws31\">Cash f<span class=\"_ _2\"></span>low<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x39f y2e93 w1b0 h115\"><div class=\"t m0 x245 h82 y29a6 ff1b1 fs3b fc2 sc0 ls1 ws0\">differences<span class=\"_ _195\"> </span></div></td><td class=\"c x2a1 y2e94 w20 hb6\"><div class=\"t m0 x1a6 h82 y1fa2 ff1b1 fs3b fc2 sc0 ls1 ws32\">Other movements<span class=\"ws0\"> </span></div></td><td class=\"c x3a0 y2e93 w1b1 h115\"><div class=\"t m0 x245 h82 y29a6 ff1b1 fs3b fc2 sc0 ls69 wsa2\">30, 20<span class=\"ls1b ws2f\">24<span class=\"_ _195\"> </span></span></div></td></tr><tr><td class=\"c x24b y2e95 wd7 h86\"><div class=\"t m0 x0 h88 y1be4 ff1b1 fs3a fc2 sc0 ls25 ws3c\">Cash deposits<span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x29e y2e95 w54 h86\"><div class=\"t m0 x181 h88 y1be4 ff1b1 fs3a fc2 sc0 ls20 ws36\">176,780<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e95 w2c h86\"><div class=\"t m0 x187 h88 y1be4 ff1b1 fs3a fc2 sc0 ls20 ws36\">(81,770)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e95 w24 h86\"><div class=\"t m0 x186 h88 y1be4 ff1b1 fs3a fc2 sc0 ls20 ws36\">(2,937)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e95 w20 h86\"><div class=\"t m0 x2d h88 y1be4 ff1b2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1b1\"> </span></div></td><td class=\"c x2fa y2e95 w55 h86\"><div class=\"t m0 x183 h88 y1be4 ff1b1 fs3a fc2 sc0 ls20 ws36\">92,073<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e96 wd7 h86\"><div class=\"t m0 x0 h88 y1c0a ff1b1 fs3a fc2 sc0 ls22 ws3e\">Short<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls26 ws3d\">term time deposi<span class=\"_ _1\"></span>ts</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td></td><td class=\"c x29e y2e96 w54 h86\"><div class=\"t m0 x181 h88 y1c0a ff1b1 fs3a fc2 sc0 ls20 ws36\">269,735<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e96 w2c h86\"><div class=\"t m0 x187 h88 y1c0a ff1b1 fs3a fc2 sc0 ls20 ws36\">(27,070)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e96 w20 h86\"><div class=\"t m0 x2d h88 y1c0a ff1b2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1b1\"> </span></div></td><td class=\"c x2a1 y2e96 w20 h86\"><div class=\"t m0 x2d h88 y1c0a ff1b2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1b1\"> </span></div></td><td class=\"c x2fa y2e96 w55 h86\"><div class=\"t m0 x181 h88 y1c0a ff1b1 fs3a fc2 sc0 ls20 ws36\">242,665<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e97 wd7 h8a\"><div class=\"t m0 x0 h88 y1bec ff1b1 fs3a fc2 sc0 ls24 ws3a\">Cash and cash equivalents<span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x29e y2e97 w54 h8a\"><div class=\"t m0 x181 h88 y1bec ff1b1 fs3a fc2 sc0 ls20 ws36\">446,515<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e97 w2c h8a\"><div class=\"t m0 x17f h88 y1bec ff1b1 fs3a fc2 sc0 ls20 ws36\">(108,840)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e97 w24 h8a\"><div class=\"t m0 x186 h88 y1bec ff1b1 fs3a fc2 sc0 ls20 ws36\">(2,937)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e97 w20 h8a\"><div class=\"t m0 x2d h88 y1bec ff1b2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1b1\"> </span></div></td><td class=\"c x2fa y2e97 w55 h8a\"><div class=\"t m0 x181 h88 y1bec ff1b1 fs3a fc2 sc0 ls20 ws36\">334,738<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e98 wd7 h86\"><div class=\"t m0 x0 h88 y1bea ff1b1 fs3a fc2 sc0 ls22 ws3e\">Borrowings<span class=\"_ _1\"></span>:<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e99 wd7 h8b\"><div class=\"t m0 x0 h88 y1be8 ff1b1 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls24 ws3a\">term debt, including current<span class=\"_ _2\"></span> maturities</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x29e y2e99 w2b h8b\"><div class=\"t m0 x17d h88 y1be8 ff1b1 fs3a fc2 sc0 ls20 ws36\">(1,836,60<span class=\"_ _2\"></span>1)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e99 w34 h8b\"><div class=\"t m0 x184 h88 y1be8 ff1b1 fs3a fc2 sc0 ls20 ws36\">1,317<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e99 w24 h8b\"><div class=\"t m0 x186 h88 y1be8 ff1b1 fs3a fc2 sc0 ls20 ws36\">(8,104)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e99 w20 h8b\"><div class=\"t m0 x171 h88 y1be8 ff1b1 fs3a fc2 sc0 ls20 ws36\">616<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e99 w56 h8b\"><div class=\"t m0 x17d h88 y1be8 ff1b1 fs3a fc2 sc0 ls20 ws36\">(1,842,77<span class=\"_ _2\"></span>2)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e9a wd7 h8a\"><div class=\"t m0 x0 h88 y1c65 ff1b1 fs3a fc2 sc0 ls29 ws42\">Lease liabilit<span class=\"_ _2\"></span>ies, inc<span class=\"_ _2\"></span>luding c<span class=\"_ _2\"></span>urrent<span class=\"_ _2\"></span> maturities<span class=\"ls1 ws0\">  </span></div></td><td></td><td class=\"c x29e y2e9a w2b h8a\"><div class=\"t m0 x17f h88 y1c65 ff1b1 fs3a fc2 sc0 ls20 ws36\">(238,207)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e9a w34 h8a\"><div class=\"t m0 x183 h88 y1c65 ff1b1 fs3a fc2 sc0 ls20 ws36\">64,130<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e9a w20 h8a\"><div class=\"t m0 x184 h88 y1c65 ff1b1 fs3a fc2 sc0 ls20 ws36\">2,567<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e9a w25 h8a\"><div class=\"t m0 x17f h88 y1c65 ff1b1 fs3a fc2 sc0 ls20 ws36\">(172,501)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e9a w56 h8a\"><div class=\"t m0 x17f h88 y1c65 ff1b1 fs3a fc2 sc0 ls20 ws36\">(344,011)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e9b wd7 h8a\"><div class=\"t m0 x0 h87 y1c3f ff1b0 fs3a fc2 sc0 ls1f ws33\">Net debt<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x29e y2e9b w2b h8a\"><div class=\"t m0 x17c h87 y1c3f ff1b0 fs3a fc2 sc0 ls21 ws35\">(1,62<span class=\"_ _2\"></span>8,29<span class=\"_ _2\"></span>3)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e9b w2c h8a\"><div class=\"t m0 x181 h87 y1c3f ff1b0 fs3a fc2 sc0 ls21 ws35\">(43,3<span class=\"_ _2\"></span>93)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e9b w24 h8a\"><div class=\"t m0 x183 h87 y1c3f ff1b0 fs3a fc2 sc0 ls21 ws35\">(8,47<span class=\"_ _2\"></span>4)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e9b w25 h8a\"><div class=\"t m0 x197 h87 y1c3f ff1b0 fs3a fc2 sc0 ls21 ws35\">(171,<span class=\"_ _2\"></span>885)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e9b w56 h8a\"><div class=\"t m0 x17c h87 y1c3f ff1b0 fs3a fc2 sc0 ls21 ws35\">(1,85<span class=\"_ _2\"></span>2,04<span class=\"_ _2\"></span>5)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>In the<span class=\"_ _2\"></span> ye<span class=\"_ _2\"></span>ar ended<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>Novembe<span class=\"_ _2\"></span>r 30<span class=\"_ _2\"></span>, 20<span class=\"_ _2\"></span>24, o<span class=\"_ _2\"></span>ther <span class=\"_ _2\"></span>non<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2f ws70\">cash m<span class=\"_ _2\"></span>ovements i<span class=\"_ _2\"></span>n net debt<span class=\"_ _2\"></span> primarily <span class=\"_ _2\"></span>represent $17<span class=\"_ _2\"></span>1.7 million of <span class=\"_ _2\"></span>new or m<span class=\"_ _2\"></span>odified leases, <span class=\"_ _2\"></span>net of <span class=\"_ _2\"></span>reductions, and<span class=\"_ _2\"></span> $5.2 millio<span class=\"_ _2\"></span>n <span class=\"ls30 ws50\">am<span class=\"_ _2\"></span>orti<span class=\"_ _2\"></span>satio<span class=\"_ _2\"></span>n of<span class=\"_ _2\"></span> deb<span class=\"_ _2\"></span>t issu<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> </span></span></span>costs offset by <span class=\"_ _2\"></span>the c<span class=\"_ _2\"></span>apitalisation of<span class=\"_ _2\"></span> debt issuance<span class=\"_ _2\"></span> co<span class=\"ls60 wsad\">sts of<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls31 ws53\">$5.7<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">million.<span class=\"_ _195\"> </span></span></span></span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-621": {
   "value": "An analysis <span class=\"_ _2\"></span>of administra<span class=\"_ _2\"></span>tive and gene<span class=\"_ _2\"></span>ral expenses is<span class=\"_ _2\"></span> as follows<span class=\"_ _2\"></span>:<span class=\"ls1 ws0\"> </span><table class=\"s w14b h11a\" id=\"_df1fb425-b5b6-4c24-bf15-4ba05bde534e\"><tr><td></td><td class=\"c x2be y2b98 w6a hb7\"><div class=\"t m0 x197 h82 y1f54 ff9f fs3b fc2 sc0 ls19 ws2d\">For<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">the</span> years en<span class=\"_ _2\"></span>ded November <span class=\"ls1b ws2f\">30</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2b99 w152 h102\"><div class=\"t m0 x245 h82 y29a6 ff9f fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2bf h82 y29a7 ff9f fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x2a7 y2b9a w20 h83\"><div class=\"t m0 x177 h85 y1f57 ffa0 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b9a w55 h83\"><div class=\"t m0 x177 h82 y1f57 ff9f fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2b9b w69 h90\"><div class=\"t m0 x0 h88 y1f74 ff9f fs3a fc2 sc0 ls29 ws42\">Administrative<span class=\"_ _2\"></span> and gener<span class=\"_ _2\"></span>al e<span class=\"ls20 ws36\">mplo<span class=\"_ _2\"></span>yee<span class=\"ffa1 ls2e ws5c\">s\u2019</span><span class=\"ls1 ws0\"> <span class=\"ls24 ws3a\">personnel and </span> </span></span></div><div class=\"t m0 x0 h88 y1c65 ff9f fs3a fc2 sc0 ls26 ws3d\">benefit expen<span class=\"_ _1\"></span>ses<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x247 h87 y2b9c ffa0 fs3a fc2 sc0 ls21 ws35\">224,<span class=\"_ _2\"></span>906<span class=\"_ _195\"> </span></td><td class=\"t m0 x2c0 h88 y2b9c ff9f fs3a fc2 sc0 ls20 ws36\">210,913<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x241 y2b9d w69 h86\"><div class=\"t m0 x0 h88 y1be8 ff9f fs3a fc2 sc0 ls24 ws3a\">Information systems<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b9d w20 h86\"><div class=\"t m0 x179 h87 y1be8 ffa0 fs3a fc2 sc0 ls23 ws39\">24,332<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b9d w55 h86\"><div class=\"t m0 x183 h88 y1be8 ff9f fs3a fc2 sc0 ls20 ws36\">19,411<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2b9e w69 h8a\"><div class=\"t m0 x0 h88 y1c65 ff9f fs3a fc2 sc0 ls26 ws3d\">Profession<span class=\"_ _1\"></span>al fees<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b9e w20 h8a\"><div class=\"t m0 x179 h87 y1c65 ffa0 fs3a fc2 sc0 ls23 ws39\">17,105<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b9e w55 h8a\"><div class=\"t m0 x183 h88 y1c65 ff9f fs3a fc2 sc0 ls20 ws36\">13,019<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2b9f w69 h86\"><div class=\"t m0 x0 h88 y1bef ff9f fs3a fc2 sc0 ls26 ws3d\">Travel an<span class=\"_ _1\"></span>d entertainment expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2b9f w20 h86\"><div class=\"t m0 x185 h87 y1bef ffa0 fs3a fc2 sc0 ls21 ws35\">9,33<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2b9f w55 h86\"><div class=\"t m0 x184 h88 y1bef ff9f fs3a fc2 sc0 ls20 ws36\">7,939<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba0 w69 ha1\"><div class=\"t m0 x0 h88 y1f5f ff9f fs3a fc2 sc0 ls26 ws3d\">Office expenses<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba0 w20 ha1\"><div class=\"t m0 x185 h87 y1f5f ffa0 fs3a fc2 sc0 ls21 ws35\">7,02<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba0 w55 ha1\"><div class=\"t m0 x184 h88 y1f5f ff9f fs3a fc2 sc0 ls20 ws36\">6,924<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba1 w69 h8a\"><div class=\"t m0 x0 h88 y1c3f ff9f fs3a fc2 sc0 ls26 ws5b\">Legal f<span class=\"_ _1\"></span>ees<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba1 w20 h8a\"><div class=\"t m0 x185 h87 y1c3f ffa0 fs3a fc2 sc0 ls21 ws35\">4,48<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba1 w55 h8a\"><div class=\"t m0 x184 h88 y1c3f ff9f fs3a fc2 sc0 ls20 ws36\">2,993<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba2 w69 h86\"><div class=\"t m0 x0 h88 y1c4c ff9f fs3a fc2 sc0 ls29 ws42\">Investor<span class=\"_ _2\"></span> relations a<span class=\"_ _2\"></span>nd publicity<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba2 w20 h86\"><div class=\"t m0 x185 h87 y1c4c ffa0 fs3a fc2 sc0 ls21 ws35\">2,83<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba2 w55 h86\"><div class=\"t m0 x184 h88 y1c4c ff9f fs3a fc2 sc0 ls20 ws36\">2,886<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba3 w69 h86\"><div class=\"t m0 x0 h88 y1bef ff9f fs3a fc2 sc0 ls26 ws3d\">Office leas<span class=\"_ _1\"></span>e expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba3 w20 h86\"><div class=\"t m0 x185 h87 y1bef ffa0 fs3a fc2 sc0 ls21 ws35\">1,58<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba3 w55 h86\"><div class=\"t m0 x184 h88 y1bef ff9f fs3a fc2 sc0 ls20 ws36\">1,692<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba4 w69 h8a\"><div class=\"t m0 x0 h88 y1c4d ff9f fs3a fc2 sc0 ls26 ws3d\">Board fees<span class=\"_ _1\"></span> and expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba4 w20 h8a\"><div class=\"t m0 x185 h87 y1c4d ffa0 fs3a fc2 sc0 ls21 ws35\">1,37<span class=\"_ _2\"></span>9<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba4 w55 h8a\"><div class=\"t m0 x184 h88 y1c4d ff9f fs3a fc2 sc0 ls20 ws36\">1,948<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba5 w69 h86\"><div class=\"t m0 x0 h88 y1bfa ff9f fs3a fc2 sc0 ls24 ws3a\">Management fee to joint venture<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba5 w20 h86\"><div class=\"t m0 x185 h87 y1bfa ffa0 fs3a fc2 sc0 ls21 ws35\">1,47<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba5 w55 h86\"><div class=\"t m0 x184 h88 y1bfa ff9f fs3a fc2 sc0 ls20 ws36\">1,838<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba6 w69 h86\"><div class=\"t m0 x0 h88 y1bf8 ff9f fs3a fc2 sc0 ls24 ws3a\">Communication expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba6 w20 h86\"><div class=\"t m0 x177 h87 y1bf8 ffa0 fs3a fc2 sc0 ls21 ws35\">856<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba6 w55 h86\"><div class=\"t m0 x1a0 h88 y1bf8 ff9f fs3a fc2 sc0 ls20 ws36\">761<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba7 w69 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff9f fs3a fc2 sc0 ls24 ws3a\">Bank non<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls26 ws3d\">interest fees</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2a7 y2ba7 w20 h8a\"><div class=\"t m0 x185 h87 y1bf6 ffa0 fs3a fc2 sc0 ls21 ws35\">2,00<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba7 w55 h8a\"><div class=\"t m0 x184 h88 y1bf6 ff9f fs3a fc2 sc0 ls20 ws36\">1,283<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba8 w69 h86\"><div class=\"t m0 x0 h88 y1c05 ff9f fs3a fc2 sc0 ls2a ws45\">Othe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba8 w20 h86\"><div class=\"t m0 x185 h87 y1c05 ffa0 fs3a fc2 sc0 ls21 ws35\">3,48<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba8 w55 h86\"><div class=\"t m0 x184 h88 y1c05 ff9f fs3a fc2 sc0 ls20 ws36\">2,480<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ba9 w69 h86\"><div class=\"t m0 x0 h87 y1bde ffa0 fs3a fc2 sc0 ls2c ws5a\">Total administr<span class=\"_ _1\"></span>ative and general expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ba9 w20 h86\"><div class=\"t m0 x180 h87 y1bde ffa0 fs3a fc2 sc0 ls21 ws35\">300,<span class=\"_ _2\"></span>794<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2ba9 w55 h86\"><div class=\"t m0 x181 h88 y1bde ff9f fs3a fc2 sc0 ls20 ws36\">274,087<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralAndAdministrativeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-622": {
   "value": "An analysis <span class=\"_ _2\"></span>of employee be<span class=\"_ _2\"></span>nefit <span class=\"ws4e\">ex<span class=\"_ _2\"></span>penses<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">included<span class=\"_ _2\"></span> in op<span class=\"_ _2\"></span>era<span class=\"_ _2\"></span>ting e<span class=\"_ _2\"></span>xp<span class=\"_ _2\"></span>enses a<span class=\"_ _2\"></span>nd ad<span class=\"_ _2\"></span>mini<span class=\"_ _2\"></span>stra<span class=\"_ _2\"></span>tive a<span class=\"_ _2\"></span>nd </span></span></span>general expense<span class=\"_ _2\"></span>s is as foll<span class=\"_ _2\"></span>ows:<span class=\"ls1 ws0\"> </span><table class=\"s w10e h11b\" id=\"_f92c371d-d83f-4629-a99a-017311af558e\"><tr><td></td><td class=\"c x2bd y2baa w68 hb7\"><div class=\"t m0 x197 h82 y1f57 ffa5 fs3b fc2 sc0 ls19 ws2d\">For<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">the</span> years en<span class=\"_ _2\"></span>ded November <span class=\"ls1b ws2f\">30</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2bab w153 h102\"><div class=\"t m0 x245 h82 y29a6 ffa5 fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2a3 h82 y29a7 ffa5 fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands<span class=\"ws32\">, except employee data</span></span><span class=\"ls1 ws0\"><span class=\"ws32\">)<span class=\"_ _195\"> </span></span></span></div></td><td class=\"c x2a2 y2bac w48 hb9\"><div class=\"t m0 x177 h85 y1c8e ffa4 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bac w20 hb9\"><div class=\"t m0 x177 h82 y1c8e ffa5 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bad w64 h86\"><div class=\"t m0 x0 h88 y1bf4 ffa5 fs3a fc2 sc0 ls29 ws44\">Salaries<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bad w48 h86\"><div class=\"t m0 x180 h87 y1bf4 ffa4 fs3a fc2 sc0 ls21 ws35\">324,<span class=\"_ _2\"></span>441<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bad w20 h86\"><div class=\"t m0 x181 h88 y1bf4 ffa5 fs3a fc2 sc0 ls20 ws36\">290,654<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bae w64 h8c\"><div class=\"t m0 x0 h88 y1c3f ffa5 fs3a fc2 sc0 ls24 ws3a\">Profit sharing and long<span class=\"ls1 ws0\">-<span class=\"ls26 ws3d\">term incentive prog<span class=\"_ _1\"></span>rammes</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2a2 y2bae w48 h8c\"><div class=\"t m0 x179 h87 y1c3f ffa4 fs3a fc2 sc0 ls27 ws3f\">28<span class=\"ls1 ws0\">,<span class=\"ls66 ws9d\">053</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bae w20 h8c\"><div class=\"t m0 x183 h88 y1c3f ffa5 fs3a fc2 sc0 ls20 ws36\">30,736<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2baf w64 h89\"><div class=\"t m0 x0 h88 y1bf4 ffa5 fs3a fc2 sc0 ls26 ws3d\">Social security exp<span class=\"_ _1\"></span>enses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2baf w48 h89\"><div class=\"t m0 x179 h87 y1bf4 ffa4 fs3a fc2 sc0 ls23 ws39\">28,196<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2baf w20 h89\"><div class=\"t m0 x183 h88 y1bf4 ffa5 fs3a fc2 sc0 ls20 ws36\">24,745<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bb0 w64 h86\"><div class=\"t m0 x0 h88 y1bfa ffa5 fs3a fc2 sc0 ls22 ws37\">Pension<span class=\"_ _1\"></span> expenses for define<span class=\"_ _1\"></span>d contribution plans<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>(Note 25<span class=\"_ _1\"></span>)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bb0 w48 h86\"><div class=\"t m0 x179 h87 y1bfa ffa4 fs3a fc2 sc0 ls23 ws39\">21,631<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bb0 w20 h86\"><div class=\"t m0 x183 h88 y1bfa ffa5 fs3a fc2 sc0 ls20 ws36\">20,246<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bb1 w64 h94\"><div class=\"t m0 x0 h88 y1bff ffa5 fs3a fc2 sc0 ls22 ws37\">Tempora<span class=\"_ _1\"></span>ry and contract emp<span class=\"_ _1\"></span>loyees<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bb1 w48 h94\"><div class=\"t m0 x179 h87 y1bff ffa4 fs3a fc2 sc0 ls23 ws39\">18,969<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bb1 w20 h94\"><div class=\"t m0 x183 h88 y1bff ffa5 fs3a fc2 sc0 ls20 ws36\">15,518<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bb2 w64 h86\"><div class=\"t m0 x0 h88 y1bfa ffa5 fs3a fc2 sc0 ls22 ws37\">Travel of s<span class=\"_ _1\"></span>eafarers and relocation<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bb2 w48 h86\"><div class=\"t m0 x179 h87 y1bfa ffa4 fs3a fc2 sc0 ls23 ws39\">14,812<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bb2 w20 h86\"><div class=\"t m0 x183 h88 y1bfa ffa5 fs3a fc2 sc0 ls20 ws36\">13,821<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bb3 w64 h86\"><div class=\"t m0 x0 h88 y1c50 ffa5 fs3a fc2 sc0 ls29 ws42\">Medical and li<span class=\"_ _2\"></span>fe insu<span class=\"_ _2\"></span>rance<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bb3 w48 h86\"><div class=\"t m0 x179 h87 y1c50 ffa4 fs3a fc2 sc0 ls23 ws39\">15,585<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bb3 w20 h86\"><div class=\"t m0 x183 h88 y1c50 ffa5 fs3a fc2 sc0 ls20 ws36\">14,056<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bb4 w64 h8a\"><div class=\"t m0 x0 h88 y1bf6 ffa5 fs3a fc2 sc0 ls29 ws44\">Training<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bb4 w48 h8a\"><div class=\"t m0 x185 h87 y1bf6 ffa4 fs3a fc2 sc0 ls21 ws35\">8,73<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bb4 w20 h8a\"><div class=\"t m0 x184 h88 y1bf6 ffa5 fs3a fc2 sc0 ls20 ws36\">8,499<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bb5 w64 h86\"><div class=\"t m0 x0 h88 y1bdc ffa5 fs3a fc2 sc0 ls26 ws3d\">Expatriate exp<span class=\"_ _1\"></span>enses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bb5 w48 h86\"><div class=\"t m0 x185 h87 y1bdc ffa4 fs3a fc2 sc0 ls21 ws35\">1,45<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bb5 w20 h86\"><div class=\"t m0 x184 h88 y1bdc ffa5 fs3a fc2 sc0 ls20 ws36\">1,792<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x246 y2bb6 w154 hfa\"><div class=\"t m0 x245 h88 y2933 ffa5 fs3a fc2 sc0 ls20 ws34\">Pension e<span class=\"_ _2\"></span>xpense<span class=\"_ _2\"></span>s for de<span class=\"_ _2\"></span>fined<span class=\"_ _2\"></span> benefit<span class=\"_ _2\"></span> plans<span class=\"_ _2\"></span> and po<span class=\"_ _2\"></span>st<span class=\"ls1 ws0\">-<span class=\"ls26 ws3d\">retirem<span class=\"_ _1\"></span>ent benefit<span class=\"_ _195\"> </span></span></span></div></td><td></td><td></td></tr><tr><td class=\"c x246 y2bb7 w155 hfa\"><div class=\"t m0 x245 h88 y2933 ffa5 fs3a fc2 sc0 ls20 ws34\">plan (No<span class=\"_ _2\"></span>te 25)<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x2c1 h87 y2bb8 ffa4 fs3a fc2 sc0 ls21 ws35\">878<span class=\"_ _195\"> </span></td><td class=\"t m0 x2c2 h88 y2bb8 ffa5 fs3a fc2 sc0 ls20 ws36\">1,067<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2bb9 w64 h86\"><div class=\"t m0 x0 h88 y1bde ffa5 fs3a fc2 sc0 ls26 ws3d\">Other benefi<span class=\"_ _1\"></span>ts<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bb9 w48 h86\"><div class=\"t m0 x185 h87 y1bde ffa4 fs3a fc2 sc0 ls27 ws3f\">8,<span class=\"ls21 ws35\">836</span><span class=\"ls21 ws35\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x24e y2bb9 w20 h86\"><div class=\"t m0 x183 h88 y1bde ffa5 fs3a fc2 sc0 ls20 ws36\">10,177<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bba w64 h8c\"><div class=\"t m0 x0 h87 y1be0 ffa4 fs3a fc2 sc0 ls1f ws33\">Total empl<span class=\"_ _2\"></span>oyee <span class=\"ws43\">b<span class=\"_ _2\"></span>enefit<span class=\"ls1 ws0\"> </span>expen<span class=\"_ _2\"></span>ses</span><span class=\"ws43\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2a2 y2bba w48 h8c\"><div class=\"t m0 x180 h87 y1be0 ffa4 fs3a fc2 sc0 ls21 ws35\">471,<span class=\"_ _2\"></span>588<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bba w20 h8c\"><div class=\"t m0 x181 h88 y1be0 ffa5 fs3a fc2 sc0 ls20 ws36\">431,311<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bbb w64 h86\"><div class=\"t m0 x0 h88 y1be4 ffa5 fs3a fc2 sc0 ls26 ws3d\">Average nu<span class=\"_ _1\"></span>mber of employees: <span class=\"ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x24b y2bbc w64 h86\"><div class=\"t m0 x0 h88 y1be2 ffa5 fs3a fc2 sc0 ls24 ws3b\">Tankers*<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bbc w48 h86\"><div class=\"t m0 x185 h87 y1be2 ffa4 fs3a fc2 sc0 ls21 ws35\">4,73<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bbc w20 h86\"><div class=\"t m0 x184 h88 y1be2 ffa5 fs3a fc2 sc0 ls20 ws36\">4,752<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bbd w64 ha4\"><div class=\"t m0 x0 h88 y1c18 ffa5 fs3a fc2 sc0 ls24 ws3a\">Tank Containers<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bbd w48 ha4\"><div class=\"t m0 x177 h87 y1c18 ffa4 fs3a fc2 sc0 ls21 ws35\">908<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bbd w20 ha4\"><div class=\"t m0 x1a0 h88 y1c18 ffa5 fs3a fc2 sc0 ls20 ws36\">823<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bbe w64 h86\"><div class=\"t m0 x0 h88 y1bea ffa5 fs3a fc2 sc0 ls29 ws44\">Terminals<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bbe w48 h86\"><div class=\"t m0 x177 h87 y1bea ffa4 fs3a fc2 sc0 ls21 ws35\">622<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bbe w20 h86\"><div class=\"t m0 x1a0 h88 y1bea ffa5 fs3a fc2 sc0 ls20 ws36\">628<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x246 y2bbf w156 hfa\"><div class=\"t m0 x245 h88 y2933 ffa5 fs3a fc2 sc0 ls23 ws39\">Stolt<span class=\"_ _195\"> </span></div><div class=\"t m0 x2c3 h88 y2933 ffa5 fs3a fc2 sc0 ls2e ws4c\">Sea Farm<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x2c1 h87 y2bc0 ffa4 fs3a fc2 sc0 ls21 ws35\">637<span class=\"_ _195\"> </span></td><td class=\"t m0 x2c4 h88 y2bc0 ffa5 fs3a fc2 sc0 ls20 ws36\">604<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2bc1 w64 h8a\"><div class=\"t m0 x0 h88 y1c65 ffa5 fs3a fc2 sc0 ls29 ws44\">Stolt<span class=\"ls1 ws0\">-</span><span class=\"ws42\">Nielsen Gas</span><span class=\"ws42\">**<span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2a2 y2bc1 w48 h8a\"><div class=\"t m0 x193 h87 y1c65 ffa4 fs3a fc2 sc0 ls27 ws3f\">11<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bc1 w20 h8a\"><div class=\"t m0 x2d h88 y1c65 ffa6 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffa5\"> </span></div></td></tr><tr><td class=\"c x24b y2bc2 w64 h86\"><div class=\"t m0 x0 h88 y1be8 ffa5 fs3a fc2 sc0 ls2a ws45\">Othe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bc2 w48 h86\"><div class=\"t m0 x177 h87 y1be8 ffa4 fs3a fc2 sc0 ls21 ws35\">136<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bc2 w20 h86\"><div class=\"t m0 x193 h88 y1be8 ffa5 fs3a fc2 sc0 ls20 ws36\">91<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bc3 w64 h86\"><div class=\"t m0 x0 h87 y1bf4 ffa4 fs3a fc2 sc0 ls21 ws38\">Total<span class=\"_ _2\"></span> ave<span class=\"_ _2\"></span>rage n<span class=\"_ _2\"></span>umbe<span class=\"_ _2\"></span>r of <span class=\"_ _2\"></span><span class=\"ls2c ws91\">employees</span><span class=\"ls2c ws91\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2a2 y2bc3 w48 h86\"><div class=\"t m0 x185 h87 y1bf4 ffa4 fs3a fc2 sc0 ls27 ws3f\">7,<span class=\"ls21 ws35\">040</span><span class=\"ls21 ws35\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x24e y2bc3 w20 h86\"><div class=\"t m0 x184 h88 y1bf4 ffa5 fs3a fc2 sc0 ls20 ws36\">6,898<span class=\"ls1 ws0\"> </span></div></td></tr></table>* <span class=\"_ _8e\"> </span><span class=\"ls3e ws64\">Includin<span class=\"_ _2\"></span>g seaf<span class=\"_ _2\"></span>arer<span class=\"_ _2\"></span>s working<span class=\"_ _2\"></span> on join<span class=\"_ _2\"></span>t ven<span class=\"_ _2\"></span>ture or<span class=\"_ _2\"></span> third<span class=\"_ _2\"></span></span>-<span class=\"ls67 wsaf\">party sh<span class=\"_ _2\"></span>ip<span class=\"_ _2\"></span>s.</span> **<span class=\"ls1 ws0\"> <span class=\"_ _0\"></span><span class=\"ls3f ws67\">Excl<span class=\"_ _1\"></span>udes t<span class=\"_ _1\"></span>hird p<span class=\"_ _1\"></span>arty s<span class=\"_ _1\"></span>eafar<span class=\"_ _1\"></span>ers.<span class=\"_ _195\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-650": {
   "value": "<table class=\"s w10e h11b\" id=\"_f92c371d-d83f-4629-a99a-017311af558e\"><tr><td></td><td class=\"c x2bd y2baa w68 hb7\"><div class=\"t m0 x197 h82 y1f57 ffa5 fs3b fc2 sc0 ls19 ws2d\">For<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">the</span> years en<span class=\"_ _2\"></span>ded November <span class=\"ls1b ws2f\">30</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2bab w153 h102\"><div class=\"t m0 x245 h82 y29a6 ffa5 fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2a3 h82 y29a7 ffa5 fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands<span class=\"ws32\">, except employee data</span></span><span class=\"ls1 ws0\"><span class=\"ws32\">)<span class=\"_ _195\"> </span></span></span></div></td><td class=\"c x2a2 y2bac w48 hb9\"><div class=\"t m0 x177 h85 y1c8e ffa4 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bac w20 hb9\"><div class=\"t m0 x177 h82 y1c8e ffa5 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bad w64 h86\"><div class=\"t m0 x0 h88 y1bf4 ffa5 fs3a fc2 sc0 ls29 ws44\">Salaries<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bad w48 h86\"><div class=\"t m0 x180 h87 y1bf4 ffa4 fs3a fc2 sc0 ls21 ws35\">324,<span class=\"_ _2\"></span>441<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bad w20 h86\"><div class=\"t m0 x181 h88 y1bf4 ffa5 fs3a fc2 sc0 ls20 ws36\">290,654<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bae w64 h8c\"><div class=\"t m0 x0 h88 y1c3f ffa5 fs3a fc2 sc0 ls24 ws3a\">Profit sharing and long<span class=\"ls1 ws0\">-<span class=\"ls26 ws3d\">term incentive prog<span class=\"_ _1\"></span>rammes</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2a2 y2bae w48 h8c\"><div class=\"t m0 x179 h87 y1c3f ffa4 fs3a fc2 sc0 ls27 ws3f\">28<span class=\"ls1 ws0\">,<span class=\"ls66 ws9d\">053</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bae w20 h8c\"><div class=\"t m0 x183 h88 y1c3f ffa5 fs3a fc2 sc0 ls20 ws36\">30,736<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2baf w64 h89\"><div class=\"t m0 x0 h88 y1bf4 ffa5 fs3a fc2 sc0 ls26 ws3d\">Social security exp<span class=\"_ _1\"></span>enses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2baf w48 h89\"><div class=\"t m0 x179 h87 y1bf4 ffa4 fs3a fc2 sc0 ls23 ws39\">28,196<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2baf w20 h89\"><div class=\"t m0 x183 h88 y1bf4 ffa5 fs3a fc2 sc0 ls20 ws36\">24,745<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bb0 w64 h86\"><div class=\"t m0 x0 h88 y1bfa ffa5 fs3a fc2 sc0 ls22 ws37\">Pension<span class=\"_ _1\"></span> expenses for define<span class=\"_ _1\"></span>d contribution plans<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>(Note 25<span class=\"_ _1\"></span>)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bb0 w48 h86\"><div class=\"t m0 x179 h87 y1bfa ffa4 fs3a fc2 sc0 ls23 ws39\">21,631<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bb0 w20 h86\"><div class=\"t m0 x183 h88 y1bfa ffa5 fs3a fc2 sc0 ls20 ws36\">20,246<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bb1 w64 h94\"><div class=\"t m0 x0 h88 y1bff ffa5 fs3a fc2 sc0 ls22 ws37\">Tempora<span class=\"_ _1\"></span>ry and contract emp<span class=\"_ _1\"></span>loyees<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bb1 w48 h94\"><div class=\"t m0 x179 h87 y1bff ffa4 fs3a fc2 sc0 ls23 ws39\">18,969<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bb1 w20 h94\"><div class=\"t m0 x183 h88 y1bff ffa5 fs3a fc2 sc0 ls20 ws36\">15,518<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bb2 w64 h86\"><div class=\"t m0 x0 h88 y1bfa ffa5 fs3a fc2 sc0 ls22 ws37\">Travel of s<span class=\"_ _1\"></span>eafarers and relocation<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bb2 w48 h86\"><div class=\"t m0 x179 h87 y1bfa ffa4 fs3a fc2 sc0 ls23 ws39\">14,812<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bb2 w20 h86\"><div class=\"t m0 x183 h88 y1bfa ffa5 fs3a fc2 sc0 ls20 ws36\">13,821<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bb3 w64 h86\"><div class=\"t m0 x0 h88 y1c50 ffa5 fs3a fc2 sc0 ls29 ws42\">Medical and li<span class=\"_ _2\"></span>fe insu<span class=\"_ _2\"></span>rance<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bb3 w48 h86\"><div class=\"t m0 x179 h87 y1c50 ffa4 fs3a fc2 sc0 ls23 ws39\">15,585<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bb3 w20 h86\"><div class=\"t m0 x183 h88 y1c50 ffa5 fs3a fc2 sc0 ls20 ws36\">14,056<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bb4 w64 h8a\"><div class=\"t m0 x0 h88 y1bf6 ffa5 fs3a fc2 sc0 ls29 ws44\">Training<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bb4 w48 h8a\"><div class=\"t m0 x185 h87 y1bf6 ffa4 fs3a fc2 sc0 ls21 ws35\">8,73<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bb4 w20 h8a\"><div class=\"t m0 x184 h88 y1bf6 ffa5 fs3a fc2 sc0 ls20 ws36\">8,499<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bb5 w64 h86\"><div class=\"t m0 x0 h88 y1bdc ffa5 fs3a fc2 sc0 ls26 ws3d\">Expatriate exp<span class=\"_ _1\"></span>enses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bb5 w48 h86\"><div class=\"t m0 x185 h87 y1bdc ffa4 fs3a fc2 sc0 ls21 ws35\">1,45<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bb5 w20 h86\"><div class=\"t m0 x184 h88 y1bdc ffa5 fs3a fc2 sc0 ls20 ws36\">1,792<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x246 y2bb6 w154 hfa\"><div class=\"t m0 x245 h88 y2933 ffa5 fs3a fc2 sc0 ls20 ws34\">Pension e<span class=\"_ _2\"></span>xpense<span class=\"_ _2\"></span>s for de<span class=\"_ _2\"></span>fined<span class=\"_ _2\"></span> benefit<span class=\"_ _2\"></span> plans<span class=\"_ _2\"></span> and po<span class=\"_ _2\"></span>st<span class=\"ls1 ws0\">-<span class=\"ls26 ws3d\">retirem<span class=\"_ _1\"></span>ent benefit<span class=\"_ _195\"> </span></span></span></div></td><td></td><td></td></tr><tr><td class=\"c x246 y2bb7 w155 hfa\"><div class=\"t m0 x245 h88 y2933 ffa5 fs3a fc2 sc0 ls20 ws34\">plan (No<span class=\"_ _2\"></span>te 25)<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x2c1 h87 y2bb8 ffa4 fs3a fc2 sc0 ls21 ws35\">878<span class=\"_ _195\"> </span></td><td class=\"t m0 x2c2 h88 y2bb8 ffa5 fs3a fc2 sc0 ls20 ws36\">1,067<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2bb9 w64 h86\"><div class=\"t m0 x0 h88 y1bde ffa5 fs3a fc2 sc0 ls26 ws3d\">Other benefi<span class=\"_ _1\"></span>ts<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bb9 w48 h86\"><div class=\"t m0 x185 h87 y1bde ffa4 fs3a fc2 sc0 ls27 ws3f\">8,<span class=\"ls21 ws35\">836</span><span class=\"ls21 ws35\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x24e y2bb9 w20 h86\"><div class=\"t m0 x183 h88 y1bde ffa5 fs3a fc2 sc0 ls20 ws36\">10,177<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bba w64 h8c\"><div class=\"t m0 x0 h87 y1be0 ffa4 fs3a fc2 sc0 ls1f ws33\">Total empl<span class=\"_ _2\"></span>oyee <span class=\"ws43\">b<span class=\"_ _2\"></span>enefit<span class=\"ls1 ws0\"> </span>expen<span class=\"_ _2\"></span>ses</span><span class=\"ws43\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2a2 y2bba w48 h8c\"><div class=\"t m0 x180 h87 y1be0 ffa4 fs3a fc2 sc0 ls21 ws35\">471,<span class=\"_ _2\"></span>588<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bba w20 h8c\"><div class=\"t m0 x181 h88 y1be0 ffa5 fs3a fc2 sc0 ls20 ws36\">431,311<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bbb w64 h86\"><div class=\"t m0 x0 h88 y1be4 ffa5 fs3a fc2 sc0 ls26 ws3d\">Average nu<span class=\"_ _1\"></span>mber of employees: <span class=\"ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x24b y2bbc w64 h86\"><div class=\"t m0 x0 h88 y1be2 ffa5 fs3a fc2 sc0 ls24 ws3b\">Tankers*<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bbc w48 h86\"><div class=\"t m0 x185 h87 y1be2 ffa4 fs3a fc2 sc0 ls21 ws35\">4,73<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bbc w20 h86\"><div class=\"t m0 x184 h88 y1be2 ffa5 fs3a fc2 sc0 ls20 ws36\">4,752<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bbd w64 ha4\"><div class=\"t m0 x0 h88 y1c18 ffa5 fs3a fc2 sc0 ls24 ws3a\">Tank Containers<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bbd w48 ha4\"><div class=\"t m0 x177 h87 y1c18 ffa4 fs3a fc2 sc0 ls21 ws35\">908<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bbd w20 ha4\"><div class=\"t m0 x1a0 h88 y1c18 ffa5 fs3a fc2 sc0 ls20 ws36\">823<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bbe w64 h86\"><div class=\"t m0 x0 h88 y1bea ffa5 fs3a fc2 sc0 ls29 ws44\">Terminals<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bbe w48 h86\"><div class=\"t m0 x177 h87 y1bea ffa4 fs3a fc2 sc0 ls21 ws35\">622<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bbe w20 h86\"><div class=\"t m0 x1a0 h88 y1bea ffa5 fs3a fc2 sc0 ls20 ws36\">628<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x246 y2bbf w156 hfa\"><div class=\"t m0 x245 h88 y2933 ffa5 fs3a fc2 sc0 ls23 ws39\">Stolt<span class=\"_ _195\"> </span></div><div class=\"t m0 x2c3 h88 y2933 ffa5 fs3a fc2 sc0 ls2e ws4c\">Sea Farm<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x2c1 h87 y2bc0 ffa4 fs3a fc2 sc0 ls21 ws35\">637<span class=\"_ _195\"> </span></td><td class=\"t m0 x2c4 h88 y2bc0 ffa5 fs3a fc2 sc0 ls20 ws36\">604<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2bc1 w64 h8a\"><div class=\"t m0 x0 h88 y1c65 ffa5 fs3a fc2 sc0 ls29 ws44\">Stolt<span class=\"ls1 ws0\">-</span><span class=\"ws42\">Nielsen Gas</span><span class=\"ws42\">**<span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2a2 y2bc1 w48 h8a\"><div class=\"t m0 x193 h87 y1c65 ffa4 fs3a fc2 sc0 ls27 ws3f\">11<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bc1 w20 h8a\"><div class=\"t m0 x2d h88 y1c65 ffa6 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffa5\"> </span></div></td></tr><tr><td class=\"c x24b y2bc2 w64 h86\"><div class=\"t m0 x0 h88 y1be8 ffa5 fs3a fc2 sc0 ls2a ws45\">Othe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2bc2 w48 h86\"><div class=\"t m0 x177 h87 y1be8 ffa4 fs3a fc2 sc0 ls21 ws35\">136<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2bc2 w20 h86\"><div class=\"t m0 x193 h88 y1be8 ffa5 fs3a fc2 sc0 ls20 ws36\">91<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2bc3 w64 h86\"><div class=\"t m0 x0 h87 y1bf4 ffa4 fs3a fc2 sc0 ls21 ws38\">Total<span class=\"_ _2\"></span> ave<span class=\"_ _2\"></span>rage n<span class=\"_ _2\"></span>umbe<span class=\"_ _2\"></span>r of <span class=\"_ _2\"></span><span class=\"ls2c ws91\">employees</span><span class=\"ls2c ws91\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2a2 y2bc3 w48 h86\"><div class=\"t m0 x185 h87 y1bf4 ffa4 fs3a fc2 sc0 ls27 ws3f\">7,<span class=\"ls21 ws35\">040</span><span class=\"ls21 ws35\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x24e y2bc3 w20 h86\"><div class=\"t m0 x184 h88 y1bf4 ffa5 fs3a fc2 sc0 ls20 ws36\">6,898<span class=\"ls1 ws0\"> </span></div></td></tr></table>* <span class=\"_ _8e\"> </span><span class=\"ls3e ws64\">Includin<span class=\"_ _2\"></span>g seaf<span class=\"_ _2\"></span>arer<span class=\"_ _2\"></span>s working<span class=\"_ _2\"></span> on join<span class=\"_ _2\"></span>t ven<span class=\"_ _2\"></span>ture or<span class=\"_ _2\"></span> third<span class=\"_ _2\"></span></span>-<span class=\"ls67 wsaf\">party sh<span class=\"_ _2\"></span>ip<span class=\"_ _2\"></span>s.</span> **<span class=\"ls1 ws0\"> <span class=\"_ _0\"></span><span class=\"ls3f ws67\">Excl<span class=\"_ _1\"></span>udes t<span class=\"_ _1\"></span>hird p<span class=\"_ _1\"></span>arty s<span class=\"_ _1\"></span>eafar<span class=\"_ _1\"></span>ers.<span class=\"_ _195\"> </span></span></span>25. Pension and Other Post-Retirement Benefit Plans  Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span>(i<span class=\"ls46 ws92\">) De<span class=\"_ _2\"></span>fine<span class=\"_ _2\"></span>d c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ribu<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>on pl<span class=\"_ _2\"></span>ans<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>Obl<span class=\"_ _2\"></span>igati<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span> cont<span class=\"_ _2\"></span>rib<span class=\"_ _2\"></span>utio<span class=\"_ _2\"></span>ns to<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>efine<span class=\"_ _2\"></span>d co<span class=\"_ _2\"></span>ntri<span class=\"_ _2\"></span>but<span class=\"_ _2\"></span>ion p<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>sion p<span class=\"_ _2\"></span>la<span class=\"_ _2\"></span>ns are<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>og<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d as<span class=\"_ _2\"></span> an <span class=\"_ _2\"></span>expe<span class=\"_ _2\"></span>nse <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>in t<span class=\"_ _2\"></span>he inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent a<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>ncurr<span class=\"_ _2\"></span>ed.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Group <span class=\"_ _2\"></span>has<span class=\"_ _2\"></span> no f<span class=\"_ _2\"></span>urth<span class=\"_ _2\"></span>er p<span class=\"_ _2\"></span>aym<span class=\"_ _2\"></span>ent ob<span class=\"_ _2\"></span>lig<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>ns o<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> contributions have been paid.<span class=\"ls1 ws0\"> </span>(ii) Def<span class=\"_ _1\"></span>ined benefit plans and other<span class=\"_ _1\"></span> post<span class=\"ls1 ws0\">-</span><span class=\"ws86\">emplo<span class=\"_ _1\"></span>yment benefits<span class=\"ls1 ws0\"> </span></span>Th<span class=\"_ _1\"></span>e Gro<span class=\"_ _1\"></span>up\u2019s<span class=\"_ _1\"></span> net ob<span class=\"_ _1\"></span>lig<span class=\"_ _1\"></span>ation<span class=\"_ _1\"></span> in r<span class=\"_ _1\"></span>espec<span class=\"_ _1\"></span>t of d<span class=\"_ _1\"></span>efi<span class=\"_ _1\"></span>ned be<span class=\"_ _1\"></span>nef<span class=\"_ _1\"></span>it pen<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>n plan<span class=\"_ _1\"></span>s an<span class=\"_ _1\"></span>d othe<span class=\"_ _1\"></span>r po<span class=\"_ _1\"></span>st<span class=\"ff1b9 ls1 ws0\">-<span class=\"ls48 ws72\">employment </span></span>benef<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>s is c<span class=\"_ _2\"></span>alc<span class=\"_ _2\"></span>ulat<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>sep<span class=\"_ _2\"></span>arate<span class=\"_ _2\"></span>ly f<span class=\"_ _2\"></span>or e<span class=\"_ _2\"></span>ach p<span class=\"_ _2\"></span>lan<span class=\"_ _2\"></span> by e<span class=\"_ _2\"></span>sti<span class=\"_ _2\"></span>mati<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>he a<span class=\"_ _2\"></span>mount<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> fut<span class=\"_ _2\"></span>ure b<span class=\"_ _2\"></span>enef<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> employees<span class=\"_ _2\"></span> have ear<span class=\"_ _2\"></span>ned i<span class=\"_ _2\"></span>n return <span class=\"_ _2\"></span>for their <span class=\"_ _2\"></span>service<span class=\"_ _2\"></span> in the c<span class=\"_ _2\"></span>urren<span class=\"ls54 ws70\">t<span class=\"_ _2\"></span> and prior periods; that benefit is </span>disco<span class=\"_ _2\"></span>unt<span class=\"_ _2\"></span>ed t<span class=\"_ _2\"></span>o de<span class=\"_ _2\"></span>ter<span class=\"_ _2\"></span>mine<span class=\"_ _2\"></span> its<span class=\"_ _2\"></span> pre<span class=\"_ _2\"></span>sent <span class=\"_ _2\"></span>val<span class=\"_ _2\"></span>ue, <span class=\"_ _2\"></span>and t<span class=\"_ _2\"></span>he f<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue o<span class=\"_ _2\"></span>f an<span class=\"_ _2\"></span>y p<span class=\"_ _2\"></span>lan a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span>s (at<span class=\"_ _2\"></span> bi<span class=\"_ _2\"></span>d pri<span class=\"_ _2\"></span>ce)<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>is deducted. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The liability discount rate for each plan is ba<span class=\"_ _2\"></span>sed on the yield curve of a<span class=\"_ _2\"></span> portfolio of high<span class=\"ls1 ws0\">-</span><span class=\"ws83\">quality </span>corpo<span class=\"_ _2\"></span>rate<span class=\"_ _2\"></span> bo<span class=\"_ _2\"></span>nds t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> ha<span class=\"_ _2\"></span>ve mat<span class=\"_ _2\"></span>uri<span class=\"_ _2\"></span>ty d<span class=\"_ _2\"></span>ates<span class=\"_ _2\"></span> whi<span class=\"_ _2\"></span>ch <span class=\"_ _2\"></span>are<span class=\"_ _2\"></span> appr<span class=\"_ _2\"></span>oxim<span class=\"_ _2\"></span>atel<span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>the s<span class=\"_ _2\"></span>ame <span class=\"_ _2\"></span>as t<span class=\"_ _2\"></span>he t<span class=\"_ _2\"></span>erm<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> the respective plans<span class=\"ff1ba ls1 ws0\">\u2019<span class=\"ff1b9\"> <span class=\"_ _1\"></span><span class=\"ls54 ws70\">obligations. The calculation is performed by a<span class=\"_ _2\"></span> qualified actuary using the pr<span class=\"_ _2\"></span>ojected </span></span></span>unit credit<span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">method<span class=\"_ _2\"></span>. </span> </span>The curre<span class=\"_ _2\"></span>nt ser<span class=\"_ _2\"></span>vice cost <span class=\"_ _2\"></span>of the de<span class=\"_ _2\"></span>fined b<span class=\"_ _2\"></span>enefit pl<span class=\"_ _2\"></span>an, rec<span class=\"_ _2\"></span>ognised i<span class=\"_ _2\"></span>n the i<span class=\"_ _2\"></span>ncome st<span class=\"_ _2\"></span>atement i<span class=\"_ _2\"></span>n empl<span class=\"_ _2\"></span>oyee benefit expense, reflects the increase in t<span class=\"_ _2\"></span>he defined benefit obligation resulting from employees\u2019 servi<span class=\"_ _2\"></span>ce i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>nt ye<span class=\"_ _2\"></span>ar,<span class=\"_ _2\"></span> be<span class=\"_ _2\"></span>nefit<span class=\"_ _2\"></span> ch<span class=\"_ _2\"></span>anges<span class=\"_ _2\"></span>, c<span class=\"_ _2\"></span>urtai<span class=\"_ _2\"></span>lm<span class=\"_ _2\"></span>en<span class=\"ls30 ws73\">ts a<span class=\"_ _2\"></span>nd settl<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span>s.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>When the b<span class=\"_ _2\"></span>enefit<span class=\"_ _2\"></span>s of a pl<span class=\"_ _2\"></span>an are i<span class=\"_ _2\"></span>ncrea<span class=\"_ _2\"></span>sed, the<span class=\"_ _2\"></span> increased<span class=\"_ _2\"></span> benefit<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>ating to pa<span class=\"_ _2\"></span>st ser<span class=\"_ _2\"></span>vice by<span class=\"_ _2\"></span> employee<span class=\"_ _2\"></span>s is re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d as<span class=\"_ _2\"></span> an <span class=\"_ _2\"></span>expe<span class=\"_ _2\"></span>nse i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e st<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> imm<span class=\"_ _2\"></span>edia<span class=\"_ _2\"></span>tely<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Th<span class=\"_ _1\"></span>e ne<span class=\"_ _1\"></span>t inte<span class=\"_ _1\"></span>rest<span class=\"_ _1\"></span> cos<span class=\"_ _1\"></span>t is cal<span class=\"_ _1\"></span>cula<span class=\"_ _1\"></span>ted b<span class=\"_ _1\"></span>y app<span class=\"_ _1\"></span>lyin<span class=\"_ _1\"></span>g the d<span class=\"_ _1\"></span>isco<span class=\"_ _1\"></span>un<span class=\"_ _1\"></span>t rate<span class=\"_ _1\"></span> to the<span class=\"_ _1\"></span> net b<span class=\"_ _1\"></span>alan<span class=\"_ _1\"></span>ce of<span class=\"_ _1\"></span> the de<span class=\"_ _1\"></span>fine<span class=\"_ _1\"></span>d benef<span class=\"_ _2\"></span>it obl<span class=\"_ _2\"></span>ig<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n and t<span class=\"_ _2\"></span>he fair<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue of<span class=\"ls1 ws0\"> <span class=\"ls30 wsab\">plan<span class=\"_ _2\"></span> asset<span class=\"_ _2\"></span>s. T<span class=\"_ _2\"></span>his</span> <span class=\"ls48 ws32\">cost i<span class=\"_ _2\"></span>s included<span class=\"_ _2\"></span> in empl<span class=\"_ _2\"></span>oyee be<span class=\"_ _2\"></span>nefit exp<span class=\"_ _2\"></span>ense </span></span>in t<span class=\"_ _2\"></span>he inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Actu<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>al gain<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> losse<span class=\"_ _2\"></span>s aris<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> from ex<span class=\"_ _2\"></span>peri<span class=\"_ _2\"></span>enc<span class=\"_ _2\"></span>e adj<span class=\"_ _2\"></span>ustm<span class=\"_ _2\"></span>ents a<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span> change<span class=\"_ _2\"></span>s in ac<span class=\"_ _2\"></span>tuari<span class=\"_ _2\"></span>al assumptio<span class=\"_ _2\"></span>ns are c<span class=\"_ _2\"></span>harged or<span class=\"_ _2\"></span> credit<span class=\"_ _2\"></span>ed to equit<span class=\"_ _2\"></span>y in<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span>o<span class=\"ls73 wsb6\">th<span class=\"_ _1\"></span>er com<span class=\"_ _1\"></span>preh<span class=\"_ _1\"></span>ensi<span class=\"_ _1\"></span>ve in<span class=\"_ _1\"></span>come<span class=\"_ _1\"></span> in th<span class=\"_ _1\"></span>e per<span class=\"_ _1\"></span>iod in<span class=\"_ _1\"></span> whi<span class=\"_ _1\"></span>ch </span></span>they arise.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Where the calculation re<span class=\"_ _2\"></span>sults in a <span class=\"_ _2\"></span>benefit to the Group, <span class=\"_ _2\"></span>the asset recognised<span class=\"_ _2\"></span> is limited to th<span class=\"_ _2\"></span>e present value<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>any f<span class=\"_ _2\"></span>utu<span class=\"_ _2\"></span>re r<span class=\"_ _2\"></span>efu<span class=\"_ _2\"></span>nds f<span class=\"_ _2\"></span>rom<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">pl<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n or r<span class=\"_ _2\"></span>educt<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>ns i<span class=\"_ _2\"></span>n fut<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntrib<span class=\"_ _2\"></span>uti<span class=\"_ _2\"></span>ons t<span class=\"_ _2\"></span>o th<span class=\"_ _2\"></span>e pl<span class=\"_ _2\"></span>an.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span>Gains<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>sses <span class=\"_ _2\"></span>on t<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>urt<span class=\"_ _2\"></span>ailm<span class=\"_ _2\"></span>ent <span class=\"_ _2\"></span>or s<span class=\"_ _2\"></span>ettl<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> a d<span class=\"_ _2\"></span>efi<span class=\"_ _2\"></span>ned b<span class=\"_ _2\"></span>enef<span class=\"_ _2\"></span>it p<span class=\"_ _2\"></span>la<span class=\"_ _2\"></span>n are<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>recog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d at<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span>the ti<span class=\"_ _2\"></span>me t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> curt<span class=\"_ _2\"></span>ail<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> or s<span class=\"_ _2\"></span>ettl<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt oc<span class=\"_ _2\"></span>cur<span class=\"_ _2\"></span>s. A<span class=\"_ _2\"></span> cur<span class=\"_ _2\"></span>tail<span class=\"_ _2\"></span>me<span class=\"_ _2\"></span>nt oc<span class=\"_ _2\"></span>cur<span class=\"_ _2\"></span>s whe<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup<span class=\"_ _2\"></span> adop<span class=\"_ _2\"></span>ts <span class=\"_ _2\"></span>a signi<span class=\"_ _2\"></span>fic<span class=\"_ _2\"></span>ant r<span class=\"_ _2\"></span>educ<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>on i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> num<span class=\"_ _2\"></span>ber<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>emplo<span class=\"_ _2\"></span>yee<span class=\"_ _2\"></span>s c<span class=\"_ _2\"></span>overe<span class=\"_ _2\"></span>d by<span class=\"_ _2\"></span> a pl<span class=\"_ _2\"></span>an <span class=\"_ _2\"></span>or c<span class=\"_ _2\"></span>hang<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls48 ws7d\">term<span class=\"_ _2\"></span>s of a defined </span></span>benefit plan such <span class=\"_ _1\"></span>that<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">a sig<span class=\"_ _2\"></span>nif<span class=\"_ _2\"></span>ica<span class=\"_ _2\"></span>nt par<span class=\"_ _2\"></span>t of<span class=\"_ _2\"></span> f<span class=\"_ _2\"></span>utur<span class=\"_ _2\"></span>e ea<span class=\"_ _2\"></span>rni<span class=\"_ _2\"></span>ngs t<span class=\"_ _2\"></span>o c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>nt em<span class=\"_ _2\"></span>plo<span class=\"_ _2\"></span>yee<span class=\"_ _2\"></span>s wil<span class=\"_ _2\"></span>l no<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>nger<span class=\"_ _2\"></span> quali<span class=\"_ _2\"></span>fy<span class=\"_ _2\"></span> </span></span>for be<span class=\"_ _2\"></span>nefits<span class=\"_ _2\"></span> or<span class=\"ls1\"> <span class=\"ls54 ws70\">will qualify only for reduced benefits.</span> </span>(iii<span class=\"_ _2\"></span>) Shor<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\">-</span><span class=\"ws6f\">term <span class=\"ls4a ws76\">and<span class=\"ls1 ws0\"> </span>long<span class=\"ls1 ws0\">-</span></span><span class=\"ws92\">term<span class=\"_ _2\"></span> cas<span class=\"_ _2\"></span>h<span class=\"ls1 ws0\">-<span class=\"ls4b ws75\">based be<span class=\"_ _2\"></span>nefi<span class=\"_ _2\"></span>ts</span> </span></span></span>Short<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls49 ws7c\">term empl<span class=\"_ _2\"></span>oyee<span class=\"_ _2\"></span> bene<span class=\"_ _2\"></span>fit ob<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>gati<span class=\"_ _2\"></span>ons ar<span class=\"_ _2\"></span>e mea<span class=\"_ _2\"></span>sured<span class=\"_ _2\"></span> on an<span class=\"_ _2\"></span> undisc<span class=\"_ _2\"></span>oun<span class=\"_ _2\"></span>ted ba<span class=\"_ _2\"></span>sis<span class=\"_ _2\"></span></span>, <span class=\"_ _1\"></span><span class=\"ls54 ws70\">while long<span class=\"ls1 ws0\">-<span class=\"ls48 ws72\">term </span></span></span></span>cash<span class=\"ls1 ws0\">-<span class=\"ls48 ws32\">based<span class=\"_ _2\"></span> employee<span class=\"_ _2\"></span> benefit <span class=\"_ _2\"></span>obli<span class=\"_ _2\"></span>gations <span class=\"_ _2\"></span>are disc<span class=\"_ _2\"></span>ounted b<span class=\"_ _2\"></span>ased on <span class=\"_ _2\"></span>expected pa<span class=\"_ _2\"></span>yment d<span class=\"_ _2\"></span>ate. They<span class=\"_ _2\"></span> are </span></span>expensed in the period in which t<span class=\"_ _2\"></span>he related service is provided. An<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">accr<span class=\"_ _2\"></span>ual i<span class=\"_ _2\"></span>s re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d for<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e </span></span>amount expected to<span class=\"_ _2\"></span> be paid u<span class=\"_ _2\"></span>nder short<span class=\"ls1 ws0\">-<span class=\"ls57 wsad\">te<span class=\"_ _1\"></span>rm cash<span class=\"_ _1\"></span> bonus<span class=\"_ _1\"></span> or pro<span class=\"_ _1\"></span>fit<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls49 wsaa\">sh<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>ng pl<span class=\"_ _2\"></span>ans i<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> has<span class=\"_ _2\"></span> </span></span></span></span>a<span class=\"_ _1\"></span> <span class=\"ls49 wsaa\">prese<span class=\"_ _2\"></span>nt l<span class=\"_ _2\"></span>egal<span class=\"_ _2\"></span> or<span class=\"_ _2\"></span> con<span class=\"_ _2\"></span>str<span class=\"_ _2\"></span>ucti<span class=\"_ _2\"></span>ve o<span class=\"_ _2\"></span>bl<span class=\"_ _2\"></span>igati<span class=\"_ _2\"></span>on t<span class=\"_ _2\"></span>o p<span class=\"_ _2\"></span>ay thi<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nt as<span class=\"_ _2\"></span></span> <span class=\"ls54 ws70\">a result of past service provided by </span>the employee<span class=\"_ _2\"></span>s and the obl<span class=\"ls61 wsac\">igation ca<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls48 ws32\">b<span class=\"_ _2\"></span>e estim<span class=\"_ _2\"></span>ated reli<span class=\"_ _2\"></span>ably.<span class=\"ls1 ws0\"> </span></span></span></span>At Novemb<span class=\"_ _2\"></span>er 30, 2<span class=\"_ _2\"></span>0<span class=\"ls54 ws83\">25</span>, the G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> operated<span class=\"_ _2\"></span> a number<span class=\"_ _2\"></span> of pe<span class=\"_ _2\"></span>nsion pl<span class=\"_ _2\"></span>ans for t<span class=\"_ _2\"></span>he ben<span class=\"_ _2\"></span>efit of<span class=\"_ _2\"></span> its empl<span class=\"_ _2\"></span>oyees thro<span class=\"_ _2\"></span>ugho<span class=\"_ _2\"></span>ut t<span class=\"_ _2\"></span>he w<span class=\"_ _2\"></span>orld<span class=\"_ _2\"></span>, wi<span class=\"_ _2\"></span>th v<span class=\"_ _2\"></span>aryi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> right<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd <span class=\"_ _2\"></span>oblig<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ons <span class=\"_ _2\"></span>depe<span class=\"_ _2\"></span>ndi<span class=\"_ _2\"></span>ng o<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he co<span class=\"_ _2\"></span>ndit<span class=\"_ _2\"></span>ions<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> pr<span class=\"_ _2\"></span>acti<span class=\"_ _2\"></span>ces<span class=\"_ _2\"></span> in the specific countries. The Group\u2019s pension pl<span class=\"_ _2\"></span>ans are provided through bo<span class=\"ff1b9 ls49 wsaa\">th d<span class=\"_ _2\"></span>ef<span class=\"_ _2\"></span>ined<span class=\"_ _2\"></span> bene<span class=\"_ _2\"></span>fit<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> </span>defi<span class=\"_ _2\"></span>ned c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>ib<span class=\"_ _2\"></span>utio<span class=\"_ _2\"></span>n arr<span class=\"_ _2\"></span>ang<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span>s. T<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span>se pl<span class=\"_ _2\"></span>ans<span class=\"_ _2\"></span> are r<span class=\"_ _2\"></span>egul<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>d by<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e re<span class=\"_ _2\"></span>spect<span class=\"_ _2\"></span>ive<span class=\"_ _2\"></span> reg<span class=\"_ _2\"></span>ulat<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>s in e<span class=\"_ _2\"></span>ach <span class=\"_ _2\"></span>of the count<span class=\"_ _2\"></span>ries wher<span class=\"_ _2\"></span>e they<span class=\"_ _2\"></span> are set <span class=\"_ _2\"></span>up.<span class=\"ls1 ws0\"> </span>The G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> oper<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>s d<span class=\"_ _2\"></span>efin<span class=\"_ _2\"></span>ed be<span class=\"_ _2\"></span>ne<span class=\"_ _2\"></span>fit p<span class=\"_ _2\"></span>lans<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> the U<span class=\"_ _2\"></span>nite<span class=\"_ _2\"></span>d S<span class=\"_ _2\"></span>tate<span class=\"_ _2\"></span>s, t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>Unit<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>Kingd<span class=\"_ _2\"></span>om,<span class=\"_ _2\"></span> Berm<span class=\"_ _2\"></span>ud<span class=\"_ _2\"></span>a, <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>the Net<span class=\"_ _2\"></span>herlands, N<span class=\"_ _2\"></span>orway,<span class=\"_ _2\"></span> the Phili<span class=\"_ _2\"></span>ppine<span class=\"_ _2\"></span>s and<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">Japan<span class=\"_ _2\"></span>. O<span class=\"_ _2\"></span>ne</span> </span>of the d<span class=\"_ _2\"></span>efined ben<span class=\"_ _2\"></span>efit pl<span class=\"_ _2\"></span>ans cover<span class=\"_ _2\"></span>s <span class=\"ls1 ws0\"> </span>certain ship officers and other seafarers<span class=\"ls1 ws0\">, <span class=\"ls4b ws71\">while the ot<span class=\"_ _2\"></span>her<span class=\"_ _2\"></span>s are for<span class=\"_ _2\"></span> shor<span class=\"_ _2\"></span>e</span>-<span class=\"ls48 ws32\">based employ<span class=\"_ _2\"></span>ees.</span> </span>Company<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws73\">sp<span class=\"_ _2\"></span>onso<span class=\"_ _2\"></span>red d<span class=\"ls54 ws70\">efined contribution pension pla<span class=\"_ _2\"></span>ns are currently provided in all of the <span class=\"_ _2\"></span>above </span></span></span>count<span class=\"_ _2\"></span>rie<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd Sp<span class=\"_ _2\"></span>ain.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws7c\">Group a<span class=\"_ _2\"></span>lso ope<span class=\"_ _2\"></span>rate<span class=\"_ _2\"></span>s an unf<span class=\"_ _2\"></span>un<span class=\"_ _2\"></span>ded p<span class=\"_ _2\"></span>ost<span class=\"ls1 ws0\">-<span class=\"ls54 ws70\">retirement medical plan in the </span></span></span>Unit<span class=\"_ _2\"></span>ed<span class=\"ls1 ws0\"> </span>State<span class=\"_ _2\"></span>s.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Defined be<span class=\"_ _2\"></span>nefit pl<span class=\"_ _2\"></span>ans pro<span class=\"_ _2\"></span>vide be<span class=\"_ _2\"></span>nefits b<span class=\"_ _2\"></span>ased on<span class=\"_ _2\"></span> the empl<span class=\"_ _2\"></span>oyees\u2019 l<span class=\"_ _2\"></span>ength of<span class=\"_ _2\"></span> pension<span class=\"_ _2\"></span>able servi<span class=\"_ _2\"></span>ce a<span class=\"_ _2\"></span>nd their final pensionable salary or other criteria. Defined c<span class=\"_ _2\"></span>ontribution plans offer employees individual fund<span class=\"_ _2\"></span>s th<span class=\"_ _2\"></span>at ar<span class=\"_ _2\"></span>e c<span class=\"_ _2\"></span>onve<span class=\"_ _2\"></span>rted<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>o b<span class=\"_ _2\"></span>enef<span class=\"_ _2\"></span>its <span class=\"_ _2\"></span>at t<span class=\"_ _2\"></span>he ti<span class=\"_ _2\"></span>me o<span class=\"_ _2\"></span>f r<span class=\"_ _2\"></span><span class=\"ls48 ws72\">etirement.<span class=\"_ _195\"> </span></span>Defined bene<span class=\"_ _2\"></span>fit plans<span class=\"ls1 ws0\"> </span>The Group\u2019s sig<span class=\"_ _2\"></span>nificant def<span class=\"_ _2\"></span>ined benefit<span class=\"_ _2\"></span> pension pl<span class=\"_ _2\"></span>ans are in <span class=\"_ _2\"></span>the U<span class=\"_ _2\"></span>nited States, Be<span class=\"_ _2\"></span>rmuda, the Netherl<span class=\"_ _2\"></span>and<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> United<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>Kingdo<span class=\"_ _2\"></span>m. <span class=\"ls1 ws0\"> </span>The <span class=\"_ _1\"></span><span class=\"ls1 ws0\">p<span class=\"ls30 ws52\">ensi<span class=\"_ _2\"></span>on </span>c<span class=\"_ _1\"></span><span class=\"ls2f ws70\">ommit<span class=\"_ _2\"></span>tees participate <span class=\"_ _2\"></span>in the g<span class=\"_ _2\"></span>overnance of e<span class=\"_ _2\"></span>ach of t<span class=\"_ _2\"></span>he significant<span class=\"_ _2\"></span> defined benefi<span class=\"_ _2\"></span>t </span></span>pensio<span class=\"_ _2\"></span>n pl<span class=\"_ _2\"></span>ans.<span class=\"_ _2\"></span> These<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">p</span><span class=\"ws52\">ension<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">c<span class=\"_ _1\"></span><span class=\"ls2f ws4e\">ommittees <span class=\"ws70\">comprise repr<span class=\"_ _2\"></span>esentatives w<span class=\"_ _2\"></span>ho are employees<span class=\"_ _2\"></span> and </span></span></span></span>forme<span class=\"_ _2\"></span>r employe<span class=\"_ _2\"></span>es.<span class=\"_ _2\"></span> In additi<span class=\"_ _2\"></span>on, a<span class=\"_ _2\"></span>ctuari<span class=\"_ _2\"></span>al advi<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\">e</span><span class=\"ws50\">rs and<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>nvestm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> manag<span class=\"_ _2\"></span>emen<span class=\"_ _2\"></span>t advi<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\">e</span></span>rs also parti<span class=\"_ _2\"></span>cipa<span class=\"_ _2\"></span>te in <span class=\"_ _2\"></span>the<span class=\"ls1 ws0\"> p<span class=\"_ _1\"></span><span class=\"ls30 ws52\">e<span class=\"_ _2\"></span>nsio<span class=\"_ _2\"></span>n <span class=\"_ _1\"></span><span class=\"ls1 ws0\">c<span class=\"ls53 ws80\">omm<span class=\"_ _2\"></span>ittee<span class=\"_ _2\"></span> <span class=\"ls2f ws70\">meetings. The </span></span>p<span class=\"ls30 ws52\">ensio<span class=\"_ _2\"></span>n <span class=\"_ _1\"></span><span class=\"ls1 ws0\">c<span class=\"ls2f ws4e\">omm<span class=\"_ _2\"></span>ittees <span class=\"ls30 ws50\">for pla<span class=\"_ _2\"></span>ns act<span class=\"_ _2\"></span> in <span class=\"_ _2\"></span>the b<span class=\"_ _2\"></span>est </span></span></span></span></span></span></span>interest of <span class=\"_ _2\"></span>the plan par<span class=\"_ _2\"></span>ticipants a<span class=\"_ _2\"></span>nd are respo<span class=\"_ _2\"></span>nsible for <span class=\"_ _2\"></span>setting certai<span class=\"_ _2\"></span>n policies, suc<span class=\"_ _2\"></span>h as str<span class=\"_ _2\"></span>ategic asset <span class=\"_ _2\"></span>alloc<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n, in<span class=\"_ _2\"></span>vestme<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> cont<span class=\"_ _2\"></span>ribu<span class=\"_ _2\"></span>tion p<span class=\"_ _2\"></span>olici<span class=\"_ _2\"></span>es i<span class=\"_ _2\"></span>n co<span class=\"_ _2\"></span>nsul<span class=\"_ _2\"></span>tati<span class=\"_ _2\"></span>on with<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The defined bene<span class=\"_ _2\"></span>fit plans ex<span class=\"_ _2\"></span>pose the <span class=\"_ _2\"></span>Group to <span class=\"_ _2\"></span>actuarial risks s<span class=\"_ _2\"></span>uch as <span class=\"_ _2\"></span>longer tha<span class=\"_ _2\"></span>n expected longevity of m<span class=\"_ _2\"></span>embers, lower t<span class=\"_ _2\"></span>han expected <span class=\"_ _2\"></span>return on<span class=\"_ _2\"></span> investment<span class=\"_ _2\"></span>s and higher t<span class=\"_ _2\"></span>han expected inflation, w<span class=\"_ _2\"></span>hich may increa<span class=\"_ _2\"></span>se the liabilitie<span class=\"_ _2\"></span>s or red<span class=\"_ _2\"></span>uce the val<span class=\"_ _2\"></span>ue of assets<span class=\"_ _2\"></span> <span class=\"ls30 ws50\">of t<span class=\"_ _2\"></span>he pl<span class=\"_ _2\"></span>ans.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>Recog<span class=\"_ _2\"></span>nising<span class=\"_ _2\"></span> these ri<span class=\"_ _2\"></span>sks<span class=\"_ _2\"></span>, the Gro<span class=\"_ _2\"></span>up has ad<span class=\"_ _2\"></span>opted<span class=\"_ _2\"></span> an appr<span class=\"_ _2\"></span>oach of<span class=\"_ _2\"></span> moving<span class=\"_ _2\"></span> away from<span class=\"_ _2\"></span> provi<span class=\"_ _2\"></span>ding<span class=\"_ _2\"></span> defined benefit<span class=\"_ _2\"></span> plans. All d<span class=\"_ _2\"></span>efined benefit p<span class=\"_ _2\"></span>lans have a<span class=\"_ _2\"></span>lso been clo<span class=\"_ _2\"></span>sed to futu<span class=\"_ _2\"></span>re accrual <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>new e<span class=\"_ _2\"></span>ntrant<span class=\"_ _2\"></span>s.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _18d\"> </span></span><div class=\"t m0 h98 ff1bf fs39 fc2 sc0 ls2f ws70 gs5dc\">The Group fol<span class=\"_ _2\"></span>lows a coordi<span class=\"_ _2\"></span>nated strategy <span class=\"_ _2\"></span>for the<span class=\"_ _2\"></span> funding <span class=\"_ _2\"></span>and investment <span class=\"_ _2\"></span>of its defi<span class=\"_ _2\"></span>ned benefit </div><div class=\"t m0 h98 ff1bf fs39 fc2 sc0 ls30 ws50 gs5dd\">pensio<span class=\"_ _2\"></span>n pl<span class=\"_ _2\"></span>ans <span class=\"_ _2\"></span>subjec<span class=\"_ _2\"></span>t to<span class=\"_ _2\"></span> <span class=\"ws4f\">abi<span class=\"_ _2\"></span>ding<span class=\"_ _2\"></span> by </span>all l<span class=\"_ _2\"></span>ocal <span class=\"_ _2\"></span>laws<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> reg<span class=\"_ _2\"></span>ulatio<span class=\"_ _2\"></span>ns <span class=\"_ _2\"></span>appli<span class=\"_ _2\"></span>cable<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span>those p<span class=\"_ _2\"></span>lan<span class=\"_ _2\"></span>s. The<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff1bf fs39 fc2 sc0 ls30 ws50 gs5de\">assets<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> the pl<span class=\"_ _2\"></span>an a<span class=\"_ _2\"></span>re g<span class=\"_ _2\"></span>eneral<span class=\"_ _2\"></span>ly <span class=\"_ _2\"></span>held<span class=\"_ _2\"></span> sep<span class=\"_ _2\"></span>arately<span class=\"_ _2\"></span> fro<span class=\"_ _2\"></span>m th<span class=\"_ _2\"></span>ose of<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up a<span class=\"_ _2\"></span>nd are<span class=\"_ _2\"></span> admi<span class=\"_ _2\"></span>nist<span class=\"_ _2\"></span>ered b<span class=\"_ _2\"></span>y </div><div class=\"t m0 h98 ff1bf fs39 fc2 sc0 ls2f ws70 gs5df\">local management <span class=\"_ _2\"></span>in the <span class=\"_ _2\"></span>respective c<span class=\"_ _2\"></span>ountries. T<span class=\"_ _2\"></span>he Group has<span class=\"_ _2\"></span> no legal obliga<span class=\"_ _2\"></span>tion to set<span class=\"_ _2\"></span>tle these<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff1bf fs39 fc2 sc0 ls1 ws0 gs5e0\">l<span class=\"ls2f ws70\">ia<span class=\"_ _1\"></span>bili<span class=\"_ _2\"></span>ties with <span class=\"_ _2\"></span>any immedia<span class=\"_ _2\"></span>te contribu<span class=\"_ _2\"></span>tions or additi<span class=\"_ _2\"></span>onal one<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">of<span class=\"_ _2\"></span>f co<span class=\"_ _2\"></span>ntribu<span class=\"_ _2\"></span>tions<span class=\"_ _2\"></span>. T<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup in<span class=\"_ _2\"></span>te<span class=\"_ _2\"></span>nds to<span class=\"_ _2\"></span> </span></span></span></div><div class=\"t m0 h98 ff1bf fs39 fc2 sc0 ls30 ws50 gs5e1\">conti<span class=\"_ _2\"></span>nue t<span class=\"_ _2\"></span>o con<span class=\"_ _2\"></span>trib<span class=\"_ _2\"></span>ute <span class=\"ls2f ws70\">t<span class=\"_ _2\"></span>o each d<span class=\"_ _2\"></span>efined benefit<span class=\"_ _2\"></span> pension<span class=\"ls1 ws0\"> </span></span>and pos<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">retirement medic<span class=\"_ _2\"></span>al plan in<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 h98 ff1bf fs39 fc2 sc0 ls30 ws50 gs5e2\">accord<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> with<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>the late<span class=\"_ _2\"></span>st rec<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>mmend<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span>s of e<span class=\"_ _2\"></span>ach<span class=\"_ _2\"></span> plan <span class=\"_ _2\"></span>act<span class=\"_ _2\"></span>uary<span class=\"_ _2\"></span> and i<span class=\"_ _2\"></span>ts pe<span class=\"_ _2\"></span>nsio<span class=\"_ _2\"></span>n fund<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> polic<span class=\"_ _2\"></span>y.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1c0 fs39 fc2 sc0 ls30 ws50 gs5e3\">In term<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>of inve<span class=\"_ _2\"></span>stme<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span>, the <span class=\"_ _2\"></span>Gro<span class=\"_ _2\"></span>up\u2019s a<span class=\"_ _2\"></span>im is<span class=\"_ _2\"></span> f<span class=\"_ _2\"></span>or the<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue of<span class=\"_ _2\"></span> defi<span class=\"_ _2\"></span>ned<span class=\"_ _2\"></span> benefi<span class=\"_ _2\"></span>t p<span class=\"_ _2\"></span>lan <span class=\"_ _2\"></span>assets<span class=\"_ _2\"></span> to b<span class=\"_ _2\"></span>e </div><div class=\"t m0 h98 ff1bf fs39 fc2 sc0 ls30 ws4f gs5e4\">maint<span class=\"_ _2\"></span>ained at<span class=\"_ _2\"></span> close<span class=\"_ _2\"></span> to the val<span class=\"_ _2\"></span>ue of the<span class=\"_ _2\"></span> corre<span class=\"_ _2\"></span>spondi<span class=\"_ _2\"></span>ng bene<span class=\"_ _2\"></span>fit ob<span class=\"_ _2\"></span>lig<span class=\"_ _2\"></span>ations<span class=\"_ _2\"></span>, allo<span class=\"_ _2\"></span>wing<span class=\"_ _2\"></span> for some <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1bf fs39 fc2 sc0 ls30 ws52 gs5e5\">short<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls53 ws7d\">te<span class=\"_ _2\"></span>rm vol<span class=\"_ _2\"></span>atility.<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 h98 ff1bf fs39 fc2 sc0 ls2f ws70 gs5e6\">Plan assets a<span class=\"_ _2\"></span>re invested i<span class=\"_ _2\"></span>n a div<span class=\"_ _2\"></span>ersified range <span class=\"_ _2\"></span>of asset c<span class=\"_ _2\"></span>lasses, predomin<span class=\"_ _2\"></span>antly comprising<span class=\"_ _2\"></span> bonds </div><div class=\"t m0 h98 ff1bf fs39 fc2 sc0 ls48 ws2f gs5e7\">and equitie<span class=\"_ _2\"></span>s. In<span class=\"_ _2\"></span> some loc<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws52\">such<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws4f\">as the Uni<span class=\"_ _2\"></span>ted<span class=\"ls1 ws0\"> </span><span class=\"ws50\">Kingdom<span class=\"_ _2\"></span>, pl<span class=\"_ _2\"></span>an <span class=\"_ _2\"></span>truste<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>and o<span class=\"_ _2\"></span>ther<span class=\"_ _2\"></span> bodies<span class=\"_ _2\"></span> have<span class=\"_ _2\"></span> </span></span></span></span></div><div class=\"t m0 h98 ff1bf fs39 fc2 sc0 ls2f ws70 gs5e8\">legal and fid<span class=\"_ _2\"></span>uciary respon<span class=\"_ _2\"></span>sibility for<span class=\"_ _2\"></span> the investme<span class=\"_ _2\"></span>nt of plan <span class=\"_ _2\"></span>assets, and dec<span class=\"_ _2\"></span>isions on<span class=\"_ _2\"></span> investment </div><div class=\"t m0 h98 ff1bf fs39 fc2 sc0 ls30 ws50 gs5e9\">strateg<span class=\"_ _2\"></span>y a<span class=\"_ _2\"></span>re ta<span class=\"_ _2\"></span>ken i<span class=\"_ _2\"></span>n co<span class=\"_ _2\"></span>nsult<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n wi<span class=\"_ _2\"></span>th t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1bf fs39 fc2 sc0 ls2f ws70 gs5ea\">The Group mon<span class=\"_ _2\"></span>itors its expo<span class=\"_ _2\"></span>sure to ch<span class=\"_ _2\"></span>anges in<span class=\"_ _2\"></span> equity markets<span class=\"_ _2\"></span>, interest <span class=\"_ _2\"></span>rates and i<span class=\"_ _2\"></span>nflation, and<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff1bf fs39 fc2 sc0 ls2f ws70 gs5eb\">measures its b<span class=\"_ _2\"></span>alance sheet pe<span class=\"_ _2\"></span>nsion risk<span class=\"_ _2\"></span> using a<span class=\"_ _2\"></span> risk<span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">based ap<span class=\"_ _2\"></span>pr<span class=\"_ _2\"></span>oach.<span class=\"_ _2\"></span> Stra<span class=\"_ _2\"></span>tegic<span class=\"_ _2\"></span> </span>a<span class=\"ls48 ws72\">sset </span>a<span class=\"_ _1\"></span><span class=\"ls2f ws4e\">llocatio<span class=\"_ _2\"></span>n </span></span></div><div class=\"t m0 h98 ff1bf fs39 fc2 sc0 ls1 ws0 gs5ec\">s<span class=\"ls30 ws4f\">tudies and as<span class=\"_ _2\"></span>set</span>-<span class=\"ls2f ws70\">liability st<span class=\"_ _2\"></span>udies are c<span class=\"_ _2\"></span>arried out p<span class=\"_ _2\"></span>eriodically for<span class=\"_ _2\"></span> the sig<span class=\"_ _2\"></span>nificant pensio<span class=\"_ _2\"></span>n plans. <span class=\"_ _2\"></span></span> </div><div class=\"t m0 h98 ff1bf fs39 fc2 sc0 ls30 ws50 gs5ed\">On a q<span class=\"_ _2\"></span>uart<span class=\"_ _2\"></span>erly<span class=\"_ _2\"></span> basi<span class=\"_ _2\"></span>s, the<span class=\"_ _2\"></span> per<span class=\"_ _2\"></span>form<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> of al<span class=\"_ _2\"></span>l inve<span class=\"_ _2\"></span>stme<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span> acros<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>he si<span class=\"_ _2\"></span>gnifi<span class=\"_ _2\"></span>cant<span class=\"_ _2\"></span> defin<span class=\"_ _2\"></span>ed be<span class=\"_ _2\"></span>nefi<span class=\"_ _2\"></span>t pl<span class=\"_ _2\"></span>ans </div><div class=\"t m0 h98 ff1c0 fs39 fc2 sc0 ls2f ws75 gs5ee\">is reviewed with the Group\u2019s investmen<span class=\"_ _2\"></span>t management advis<span class=\"ff1bf ls1 ws0\">e<span class=\"ls30 ws52\">rs. </span> </span></div><div class=\"t m0 ha6 ff1c1 fs3c fcb sc0 ls58 ws8e gs5ef\">Pension plans overview<span class=\"ls1 ws0\">  </span></div><div class=\"t m0 h98 ff1bf fs39 fc2 sc0 ls2f ws70 gs5f0\">The amounts <span class=\"_ _2\"></span>recognised at <span class=\"_ _2\"></span>November 30<span class=\"_ _2\"></span>, consisted<span class=\"_ _2\"></span> of the foll<span class=\"_ _2\"></span>owing:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"gs5f1\"><table class=\"s w16a h15d\" id=\"_4fbc3959-e56f-4632-94c2-2c21d2b9c607\"><tr><td></td><td class=\"c x2bd y2eaa w68 hb7\"><div class=\"t m0 x171 h82 y1f57 ff1bf fs3b fc2 sc0 ls1 ws32\">As of November 30<span class=\"ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2eac w150 h15e\"><div class=\"t m0 x245 h82 y2e0b ff1bf fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2b9 h82 y2eab ff1bf fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x2a2 y2ead w48 h83\"><div class=\"t m0 x177 h85 y1d8f ff1c1 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2ead w48 h83\"><div class=\"t m0 x177 h82 y1d8f ff1bf fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2eae w64 h86\"><div class=\"t m0 x0 h88 y1c4c ff1bf fs3a fc2 sc0 ls22 ws3e\">Non<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls23 ws4b\">current asse<span class=\"_ _1\"></span>ts</span></span><span class=\"ls1 ws0\"><span class=\"ls23 ws4b\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2a2 y2eae w48 h86\"><div class=\"t m0 x179 h87 y1c4c ff1c1 fs3a fc2 sc0 ls23 ws39\">26,278<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2eae w48 h86\"><div class=\"t m0 x183 h88 y1c4c ff1bf fs3a fc2 sc0 ls20 ws36\">24,082<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2eaf w64 h8a\"><div class=\"t m0 x0 h88 y1c3f ff1bf fs3a fc2 sc0 ls22 ws3e\">Non<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls29 ws42\">cur<span class=\"_ _2\"></span>rent liabilit<span class=\"_ _2\"></span>ies</span></span><span class=\"ls1 ws0\"><span class=\"ls29 ws42\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2a2 y2eaf w25 h8a\"><div class=\"t m0 x181 h87 y1c3f ff1c1 fs3a fc2 sc0 ls21 ws35\">(19,8<span class=\"_ _2\"></span>58<span class=\"ls1 ws0\">) </span></div></td><td class=\"c x2bb y2eaf w4b h8a\"><div class=\"t m0 x187 h88 y1c3f ff1bf fs3a fc2 sc0 ls20 ws36\">(20,197)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2eb0 w64 h86\"><div class=\"t m0 x0 h87 y1bf4 ff1c1 fs3a fc2 sc0 ls28 ws40\">Net <span class=\"ls27 wsc1\">pension<span class=\"_ _2\"></span> asset</span><span class=\"ls27 wsc1\"><span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2a2 y2eb0 w48 h86\"><div class=\"t m0 x185 h87 y1bf4 ff1c1 fs3a fc2 sc0 ls21 ws35\">6,42<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2eb0 w48 h86\"><div class=\"t m0 x184 h88 y1bf4 ff1bf fs3a fc2 sc0 ls20 ws36\">3,885<span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 h98 ff1bf fs39 fc2 sc0 ls30 ws50 gs5f2\">This i<span class=\"_ _2\"></span>s com<span class=\"_ _2\"></span>posed<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> net <span class=\"_ _2\"></span>of t<span class=\"_ _2\"></span>he p<span class=\"_ _2\"></span>resent<span class=\"_ _2\"></span> value<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> funde<span class=\"_ _2\"></span>d obl<span class=\"_ _2\"></span>igati<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>fair <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> plan <span class=\"_ _2\"></span>asse<span class=\"_ _2\"></span>ts </div><div class=\"t m0 h98 ff1bf fs39 fc2 sc0 ls4a ws86 gs5f3\">as follows<span class=\"_ _2\"></span>:<span class=\"ls1 ws0\"> </span></div><div class=\"gs5f4\"><table class=\"s w16a h15d\" id=\"_436d9616-03da-45c4-b985-1ae716c2904b\"><tr><td></td><td class=\"t m0 x2bc h82 y2eb1 ff1bf fs3b fc2 sc0 ls1 ws0\"> <span class=\"_ _126\"> </span><span class=\"ws32\">As of November 30</span> </td><td></td></tr><tr><td class=\"c x24b y2eb2 w64 ha3\"><div class=\"t m0 x0 h82 y2306 ff1bf fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"c x2a2 y2eb2 w48 ha3\"><div class=\"t m0 x177 h85 y1cad ff1c1 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2eb2 w48 ha3\"><div class=\"t m0 x177 h82 y1cad ff1bf fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2eb3 w64 h8a\"><div class=\"t m0 x0 h88 y1c3f ff1bf fs3a fc2 sc0 ls24 ws3a\">Present value of funded obligations<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2eb3 w25 h8a\"><div class=\"t m0 x17b h87 y1c3f ff1c1 fs3a fc2 sc0 ls21 ws35\">(168,<span class=\"_ _2\"></span>307)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2eb3 w4b h8a\"><div class=\"t m0 x17f h88 y1c3f ff1bf fs3a fc2 sc0 ls20 ws36\">(170,552)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2eb4 w64 h89\"><div class=\"t m0 x0 h88 y1bf4 ff1bf fs3a fc2 sc0 ls2e ws4c\">Fair value o<span class=\"_ _2\"></span>f plans asset<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2eb4 w48 h89\"><div class=\"t m0 x180 h87 y1bf4 ff1c1 fs3a fc2 sc0 ls21 ws35\">174,<span class=\"_ _2\"></span>727<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2eb4 w48 h89\"><div class=\"t m0 x181 h88 y1bf4 ff1bf fs3a fc2 sc0 ls20 ws36\">174,437<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2a2 y2eb5 w48 h86\"><div class=\"t m0 x185 h87 y1bfa ff1c1 fs3a fc2 sc0 ls21 ws35\">6,42<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2eb5 w48 h86\"><div class=\"t m0 x184 h88 y1bfa ff1bf fs3a fc2 sc0 ls20 ws36\">3,885<span class=\"ls1 ws0\"> </span></div></td></tr></table></div>US pos<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\">-<span class=\"ls58 ws8e\">retirement<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>healthcare plan<span class=\"ls1 ws0\"> </span></span></span>US<span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">based<span class=\"_ _2\"></span> employ<span class=\"_ _2\"></span>ees<span class=\"_ _2\"></span> reti<span class=\"_ _2\"></span>ring f<span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span>m the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span>, ha<span class=\"_ _2\"></span>ving<span class=\"_ _2\"></span> attai<span class=\"_ _2\"></span>ned t<span class=\"_ _2\"></span>he ag<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> 55 w<span class=\"_ _2\"></span>ith<span class=\"_ _2\"></span> at le<span class=\"_ _2\"></span>ast <span class=\"_ _2\"></span><span class=\"ls53 ws80\">ten<span class=\"_ _2\"></span></span></span> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">ye<span class=\"_ _2\"></span>ars <span class=\"ls1 ws0\"> </span></span></span>of cumulative <span class=\"_ _2\"></span>US service by<span class=\"_ _2\"></span> January 1<span class=\"_ _2\"></span>, 2018, or<span class=\"_ _2\"></span> who become<span class=\"_ _2\"></span> disabled, <span class=\"ls1 ws0\">a</span>re eligible<span class=\"_ _2\"></span> to receive<span class=\"_ _2\"></span> both pre<span class=\"ls1 ws0\">-</span><span class=\"ws50\">Medica<span class=\"_ _2\"></span>re a<span class=\"_ _2\"></span>nd po<span class=\"_ _2\"></span>st<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">Medicare benefi<span class=\"_ _2\"></span>t offerings f<span class=\"_ _2\"></span>or themsel<span class=\"_ _2\"></span>ves and t<span class=\"_ _2\"></span>heir eligible depe<span class=\"_ _2\"></span>nd</span>a</span></span>nts. Employees worki<span class=\"_ _2\"></span>ng until age<span class=\"_ _2\"></span> 65 with at<span class=\"_ _2\"></span> least <span class=\"_ _2\"></span>ten years of U<span class=\"_ _2\"></span>S cumulative<span class=\"_ _2\"></span> service are<span class=\"_ _2\"></span> eligible fo<span class=\"_ _2\"></span>r <span class=\"ls1 ws0\"> </span>post<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">Medicare benefit<span class=\"_ _2\"></span>s only.</span> <span class=\"ls2f ws75\">All benefits are unfunded.<span class=\"_ _2\"></span></span> </span>Component<span class=\"_ _2\"></span>s of def<span class=\"_ _2\"></span>ined ben<span class=\"_ _2\"></span>efit cos<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\"> </span>The net periodic<span class=\"_ _2\"></span> benefit c<span class=\"_ _2\"></span>ost for <span class=\"_ _2\"></span>the Group\u2019s defi<span class=\"_ _2\"></span>ned benefit<span class=\"_ _2\"></span> pension pl<span class=\"_ _2\"></span>ans (includi<span class=\"_ _2\"></span>ng a retireme<span class=\"_ _2\"></span>nt arrang<span class=\"_ _2\"></span>emen<span class=\"_ _2\"></span>t for one<span class=\"_ _2\"></span> of the Gro<span class=\"_ _2\"></span>up\u2019s e<span class=\"_ _2\"></span>x<span class=\"ff1bf ls1 ws0\">-d<span class=\"_ _1\"></span><span class=\"ls30 ws50\">irec<span class=\"_ _2\"></span>tor<span class=\"_ _2\"></span>s) and<span class=\"_ _2\"></span> US p<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span>retirem<span class=\"_ _2\"></span>ent <span class=\"_ _2\"></span>healthc<span class=\"_ _2\"></span>are<span class=\"_ _2\"></span> pl<span class=\"_ _2\"></span>an show<span class=\"_ _2\"></span>n </span></span>above<span class=\"_ _2\"></span> for <span class=\"_ _2\"></span>the ye<span class=\"_ _2\"></span>ars<span class=\"_ _2\"></span> <span class=\"ls2f ws75\">ended Novem<span class=\"_ _2\"></span>ber<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">30, 2025 <span class=\"_ _2\"></span>and 2024, co<span class=\"ls2f ws70\">nsisted of<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">the</span> <span class=\"_ _1\"></span><span class=\"ls4a ws76\">f<span class=\"_ _2\"></span>ollowing<span class=\"_ _2\"></span>:<span class=\"ls1 ws0\">  </span></span></span></span></span></span></span><table class=\"s w16b h160\" id=\"_cd44ce5e-222a-4887-b46f-8b623fd42db1\"><tr><td></td><td class=\"t m0 x3a3 h82 y2ebe ff1bf fs3b fc2 sc0 ls1 ws32\">For the years ended <span class=\"ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x3a4 h82 y2ebf ff1bf fs3b fc2 sc0 ls1 ws32\">November 30<span class=\"ws0\"> </span></td><td></td></tr><tr><td class=\"c x246 y2ec0 w170 h115\"><div class=\"t m0 x245 h82 y29a6 ff1bf fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2f3 h82 y29a6 ff1bf fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x2c5 h85 y2ec1 ff1c1 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"t m0 x2f2 h82 y2ec1 ff1bf fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x241 y2ec2 w69 h8a\"><div class=\"t m0 x0 h88 y1c2d ff1bf fs3a fc2 sc0 ls26 ws3d\">Service cost<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ec2 w20 h8a\"><div class=\"t m0 x177 h87 y1c2d ff1c1 fs3a fc2 sc0 ls21 ws35\">467<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2ec2 w55 h8a\"><div class=\"t m0 x1a0 h88 y1c2d ff1bf fs3a fc2 sc0 ls20 ws36\">437<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ec3 w69 h86\"><div class=\"t m0 x0 h88 y1bde ff1bf fs3a fc2 sc0 ls24 ws3b\">Interest <span class=\"ls2a ws45\">(income<span class=\"_ _2\"></span>) <span class=\"_ _1\"></span><span class=\"ls25 ws41\">co<span class=\"_ _2\"></span>st<span class=\"ls24 ws3a\">, net<span class=\"ls1 ws0\"> </span></span></span></span></div></td><td class=\"c x2a7 y2ec3 w25 h86\"><div class=\"t m0 x1 h87 y1bde ff1c1 fs3a fc2 sc0 ls21 ws35\">(5)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2ec3 w55 h86\"><div class=\"t m0 x1a0 h88 y1bde ff1bf fs3a fc2 sc0 ls20 ws36\">155<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ec4 w69 h86\"><div class=\"t m0 x0 h88 y1bdc ff1bf fs3a fc2 sc0 ls29 ws42\">Cost o<span class=\"_ _2\"></span>f plan administr<span class=\"_ _2\"></span>ation<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ec4 w20 h86\"><div class=\"t m0 x177 h87 y1bdc ff1c1 fs3a fc2 sc0 ls21 ws35\">416<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2ec4 w55 h86\"><div class=\"t m0 x1a0 h88 y1bdc ff1bf fs3a fc2 sc0 ls20 ws36\">475<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2dbe w69 h86\"><div class=\"t m0 x0 h87 y1c0a ff1c1 fs3a fc2 sc0 ls2c ws5a\">Net per<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>odic benefit <span class=\"ls27 ws3f\">cost</span><span class=\"ls27 ws3f\"> <span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2a7 y2dbe w20 h86\"><div class=\"t m0 x1a0 h87 y1c0a ff1c1 fs3a fc2 sc0 ls21 ws35\">878<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2dbe w55 h86\"><div class=\"t m0 x184 h88 y1c0a ff1bf fs3a fc2 sc0 ls20 ws36\">1,067<span class=\"ls1 ws0\"> </span></div></td></tr></table>Impac<span class=\"_ _2\"></span>t on e<span class=\"_ _2\"></span>quity<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Remeasurements t<span class=\"_ _2\"></span>hat are rec<span class=\"_ _2\"></span>ognised in <span class=\"ls1 ws0\">o</span>ther c<span class=\"_ _2\"></span>omprehensive in<span class=\"_ _2\"></span>come are as<span class=\"_ _2\"></span> follows:<span class=\"ls1 ws0\"> </span><table class=\"s w16f h15f\" id=\"_db8ac3d9-6a64-4244-b550-c060beda34a2\"><tr><td></td><td class=\"t m0 x3a3 h82 y2eb6 ff1bf fs3b fc2 sc0 ls1 ws32\">For the years ended <span class=\"ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"c x2be y2eb7 w6a hb6\"><div class=\"t m0 xb6 h82 y1bd2 ff1bf fs3b fc2 sc0 ls1 ws32\">November 30<span class=\"ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x241 y2eb8 w69 h83\"><div class=\"t m0 x0 h82 y1bd5 ff1bf fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"c x2a7 y2eb8 w20 h83\"><div class=\"t m0 x177 h85 y1bd8 ff1c1 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2eb8 w55 h83\"><div class=\"t m0 x177 h82 y1bd8 ff1bf fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2eb9 w69 h8a\"><div class=\"t m0 x0 h88 y1c03 ff1bf fs3a fc2 sc0 ls20 ws34\">Effect o<span class=\"_ _2\"></span>f changes<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> demographic<span class=\"_ _2\"></span> as<span class=\"_ _2\"></span>sumption<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2eb9 w20 h8a\"><div class=\"t m0 x177 h87 y1c03 ff1c1 fs3a fc2 sc0 ls21 ws35\">259<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2eb9 w7f h8a\"><div class=\"t m0 x47 h88 y1c03 ff1bf fs3a fc2 sc0 ls20 ws36\">(410)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2eba w69 h86\"><div class=\"t m0 x0 h88 y1c05 ff1bf fs3a fc2 sc0 ls20 ws34\">Effect o<span class=\"_ _2\"></span>f changes<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> financial<span class=\"_ _2\"></span> assu<span class=\"_ _2\"></span>mptio<span class=\"_ _2\"></span>ns<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2eba w25 h86\"><div class=\"t m0 x179 h87 y1c05 ff1c1 fs3a fc2 sc0 ls21 ws35\">(1,16<span class=\"_ _2\"></span>5)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2eba w55 h86\"><div class=\"t m0 x184 h88 y1c05 ff1bf fs3a fc2 sc0 ls20 ws36\">4,149<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ebb w69 h86\"><div class=\"t m0 x0 h88 y1bde ff1bf fs3a fc2 sc0 ls20 ws34\">Effect o<span class=\"_ _2\"></span>f exper<span class=\"_ _2\"></span>ience<span class=\"_ _2\"></span> assumpt<span class=\"_ _2\"></span>ions<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ebb w20 h86\"><div class=\"t m0 x177 h87 y1bde ff1c1 fs3a fc2 sc0 ls21 ws35\">130<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2ebb w55 h86\"><div class=\"t m0 x1a0 h88 y1bde ff1bf fs3a fc2 sc0 ls20 ws36\">439<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ebc w69 h8a\"><div class=\"t m0 x0 h88 y1c18 ff1bf fs3a fc2 sc0 ls24 ws3a\">Return on plan assets (exc<span class=\"_ _2\"></span>luding interest income)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ebc w25 h8a\"><div class=\"t m0 x1ce h87 y1c18 ff1c1 fs3a fc2 sc0 ls21 ws35\">(815)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2ebc w7f h8a\"><div class=\"t m0 x186 h88 y1c18 ff1bf fs3a fc2 sc0 ls20 ws36\">(6,091)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ebd w69 h86\"><div class=\"t m0 x0 h87 y1be2 ff1c1 fs3a fc2 sc0 ls1f ws33\">Remeasu<span class=\"_ _2\"></span>rements r<span class=\"_ _2\"></span>ecognis<span class=\"_ _2\"></span>ed in ot<span class=\"_ _2\"></span>her comp<span class=\"_ _2\"></span>rehensiv<span class=\"_ _2\"></span>e inco<span class=\"_ _2\"></span>me <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ebd w25 h86\"><div class=\"t m0 x183 h87 y1be2 ff1c1 fs3a fc2 sc0 ls21 ws35\">(1,59<span class=\"_ _2\"></span>1)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2ebd w7f h86\"><div class=\"t m0 x186 h88 y1be2 ff1bf fs3a fc2 sc0 ls20 ws36\">(1,913)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>The following <span class=\"_ _2\"></span>tables set o<span class=\"_ _2\"></span>ut the c<span class=\"_ _2\"></span>hange in benefi<span class=\"_ _2\"></span>t obligations<span class=\"_ _2\"></span> for the G<span class=\"_ _2\"></span>roup\u2019s defined<span class=\"_ _2\"></span> benefit pension<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws4f\">p<span class=\"_ _2\"></span>lans<span class=\"_ _2\"></span> and US po<span class=\"_ _2\"></span>st<span class=\"ls1 ws0\">-</span><span class=\"ws50\">reti<span class=\"_ _2\"></span>reme<span class=\"_ _2\"></span>nt medic<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> plan <span class=\"_ _2\"></span>and<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> chan<span class=\"_ _2\"></span>ge in<span class=\"_ _2\"></span> plan<span class=\"_ _2\"></span> assets<span class=\"_ _2\"></span> f<span class=\"_ _2\"></span>or the<span class=\"_ _2\"></span> def<span class=\"_ _2\"></span>ined </span></span></span>benefit pensio<span class=\"_ _2\"></span>n plans. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Change in b<span class=\"_ _2\"></span>enefit o<span class=\"_ _2\"></span>bligati<span class=\"_ _2\"></span>on<span class=\"ls1 ws0\"> </span><table class=\"s w16a h165\" id=\"_3d754c0a-6239-48b0-b031-7df94b4ba319\"><tr><td></td><td class=\"t m0 x3ac h82 y2eec ff1c6 fs3b fc2 sc0 ls1 ws32\">For the years ended <span class=\"ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x2c8 h82 y2eed ff1c6 fs3b fc2 sc0 ls1 ws32\">November 30<span class=\"ws0\"> </span></td><td></td></tr><tr><td class=\"c x24b y2eee w64 hb9\"><div class=\"t m0 x0 h82 y1c42 ff1c6 fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"c x2a2 y2eee w48 hb9\"><div class=\"t m0 x177 h85 y22db ff1c7 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2eee w48 hb9\"><div class=\"t m0 x177 h82 y22db ff1c6 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2eef w64 h89\"><div class=\"t m0 x0 h88 y1bfa ff1c6 fs3a fc2 sc0 ls24 ws3a\">Benefit obligations at beginning of ye<span class=\"_ _2\"></span>ar<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2eef w48 h89\"><div class=\"t m0 x180 h87 y1bfa ff1c7 fs3a fc2 sc0 ls21 ws35\">170,<span class=\"_ _2\"></span>552<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2eef w48 h89\"><div class=\"t m0 x181 h88 y1bfa ff1c6 fs3a fc2 sc0 ls20 ws36\">168,950<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ef0 w64 h8b\"><div class=\"t m0 x0 h88 y1bf8 ff1c6 fs3a fc2 sc0 ls22 ws37\">Current service cos<span class=\"_ _1\"></span>t<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2ef0 w48 h8b\"><div class=\"t m0 x177 h87 y1bf8 ff1c7 fs3a fc2 sc0 ls21 ws35\">478<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2ef0 w48 h8b\"><div class=\"t m0 x1a0 h88 y1bf8 ff1c6 fs3a fc2 sc0 ls20 ws36\">437<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ef1 w64 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff1c6 fs3a fc2 sc0 ls23 ws4b\">Past se<span class=\"_ _1\"></span>rvice income<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2ef1 w25 h8a\"><div class=\"t m0 x1a0 h87 y1bf6 ff1c7 fs3a fc2 sc0 ls21 ws35\">(11)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2ef1 w48 h8a\"><div class=\"t m0 x2d h88 y1bf6 ff1c5 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1c6\"> </span></div></td></tr><tr><td class=\"c x24b y2ef2 w64 h86\"><div class=\"t m0 x0 h88 y1bdc ff1c6 fs3a fc2 sc0 ls23 ws4b\">Interest cost<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2ef2 w48 h86\"><div class=\"t m0 x185 h87 y1bdc ff1c7 fs3a fc2 sc0 ls21 ws35\">8,55<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2ef2 w48 h86\"><div class=\"t m0 x184 h88 y1bdc ff1c6 fs3a fc2 sc0 ls20 ws36\">8,856<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ef3 w64 h86\"><div class=\"t m0 x0 h88 y1bde ff1c6 fs3a fc2 sc0 ls20 ws34\">Benefit<span class=\"_ _2\"></span>s paid<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2ef3 w25 h86\"><div class=\"t m0 x181 h87 y1bde ff1c7 fs3a fc2 sc0 ls21 ws35\">(11,2<span class=\"_ _2\"></span>70)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2ef3 w4b h86\"><div class=\"t m0 x187 h88 y1bde ff1c6 fs3a fc2 sc0 ls20 ws36\">(11,823)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ef4 w64 h8a\"><div class=\"t m0 x0 h88 y1c2d ff1c6 fs3a fc2 sc0 ls24 ws3a\">Foreign exchange rate changes<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2ef4 w48 h8a\"><div class=\"t m0 x177 h87 y1c2d ff1c7 fs3a fc2 sc0 ls21 ws35\">781<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2ef4 w4b h8a\"><div class=\"t m0 x171 h88 y1c2d ff1c6 fs3a fc2 sc0 ls20 ws36\">(46)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ef5 w64 h86\"><div class=\"t m0 x0 h88 y1bde ff1c6 fs3a fc2 sc0 ls26 ws47\">Remeasurem<span class=\"_ _1\"></span>ents:<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x24b y2ef6 w64 h86\"><div class=\"t m0 x19a h88 y1c05 ff1c6 fs3a fc2 sc0 ls20 ws34\">Effect o<span class=\"_ _2\"></span>f changes<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> demographic<span class=\"_ _2\"></span> as<span class=\"_ _2\"></span>sumption<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2ef6 w48 h86\"><div class=\"t m0 x177 h87 y1c05 ff1c7 fs3a fc2 sc0 ls21 ws35\">259<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2ef6 w4b h86\"><div class=\"t m0 x47 h88 y1c05 ff1c6 fs3a fc2 sc0 ls20 ws36\">(410)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ef7 w64 h8a\"><div class=\"t m0 x19a h88 y1c03 ff1c6 fs3a fc2 sc0 ls20 ws34\">Effect o<span class=\"_ _2\"></span>f changes<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> financial<span class=\"_ _2\"></span> assu<span class=\"_ _2\"></span>mptio<span class=\"_ _2\"></span>ns<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2ef7 w25 h8a\"><div class=\"t m0 x179 h87 y1c03 ff1c7 fs3a fc2 sc0 ls21 ws35\">(1,16<span class=\"_ _2\"></span>5)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2ef7 w48 h8a\"><div class=\"t m0 x184 h88 y1c03 ff1c6 fs3a fc2 sc0 ls20 ws36\">4,149<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ef8 w64 h86\"><div class=\"t m0 x19a h88 y2112 ff1c6 fs3a fc2 sc0 ls26 ws3d\">Effect of exp<span class=\"_ _1\"></span>erience adjustments<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2ef8 w48 h86\"><div class=\"t m0 x177 h87 y2112 ff1c7 fs3a fc2 sc0 ls21 ws35\">130<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2ef8 w48 h86\"><div class=\"t m0 x1a0 h88 y2112 ff1c6 fs3a fc2 sc0 ls20 ws36\">439<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ef9 w64 h86\"><div class=\"t m0 x0 h87 y1c0a ff1c7 fs3a fc2 sc0 ls2c ws5a\">Benefits oblig<span class=\"_ _1\"></span>ation at end of year<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2ef9 w48 h86\"><div class=\"t m0 x180 h87 y1c0a ff1c7 fs3a fc2 sc0 ls21 ws35\">168,<span class=\"_ _2\"></span>307<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2ef9 w48 h86\"><div class=\"t m0 x181 h88 y1c0a ff1c6 fs3a fc2 sc0 ls20 ws36\">170,552<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>Change in plan assets <span class=\"ls1 ws0\"> </span><table class=\"s w16a h164\" id=\"_f3c86203-fd2e-4b3f-b6e9-a1ff69ef4066\"><tr><td></td><td class=\"t m0 x3ac h82 y2edd ff1c6 fs3b fc2 sc0 ls1 ws32\">For the years ended <span class=\"ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"c x2bd y2ede w68 hb4\"><div class=\"t m0 xb6 h82 y1f57 ff1c6 fs3b fc2 sc0 ls1 ws32\">November 30<span class=\"ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2edf w150 h115\"><div class=\"t m0 x245 h82 y29a6 ff1c6 fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2b9 h82 y29a6 ff1c6 fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x2ba h85 y2ee0 ff1c7 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"t m0 x2b8 h82 y2ee0 ff1c6 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2ee1 w64 h86\"><div class=\"t m0 x0 h88 y1bf4 ff1c6 fs3a fc2 sc0 ls2e ws4c\">Fair value o<span class=\"_ _2\"></span>f plan assets<span class=\"_ _2\"></span> at beginning<span class=\"_ _2\"></span> of year<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x303 h87 y2ee2 ff1c7 fs3a fc2 sc0 ls21 ws35\">174,<span class=\"_ _2\"></span>437<span class=\"_ _195\"> </span></td><td class=\"t m0 x3ad h88 y2ee2 ff1c6 fs3a fc2 sc0 ls20 ws36\">170,305<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2ee3 w64 h86\"><div class=\"t m0 x0 h88 y1bef ff1c6 fs3a fc2 sc0 ls24 ws3a\">Return on plan assets (exc<span class=\"_ _2\"></span>luding interest income)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2ee3 w48 h86\"><div class=\"t m0 x177 h87 y1bef ff1c7 fs3a fc2 sc0 ls27 ws3f\">81<span class=\"ls1 ws0\">5</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2ee3 w48 h86\"><div class=\"t m0 x184 h88 y1bef ff1c6 fs3a fc2 sc0 ls20 ws36\">6,091<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ee4 w64 h8a\"><div class=\"t m0 x0 h88 y1c41 ff1c6 fs3a fc2 sc0 ls24 ws3a\">Interest income<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2ee4 w48 h8a\"><div class=\"t m0 x185 h87 y1c41 ff1c7 fs3a fc2 sc0 ls21 ws35\">8,55<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2ee4 w48 h8a\"><div class=\"t m0 x184 h88 y1c41 ff1c6 fs3a fc2 sc0 ls20 ws36\">8,701<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ee5 w64 h86\"><div class=\"t m0 x0 h88 y1bef ff1c6 fs3a fc2 sc0 ls24 ws3a\">Company contributions<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x3ae h87 y2ee6 ff1c7 fs3a fc2 sc0 ls27 ws3f\">1,<span class=\"ls21 ws35\">629<span class=\"_ _195\"> </span></span></td><td class=\"t m0 x3af h88 y2ee6 ff1c6 fs3a fc2 sc0 ls20 ws36\">1,612<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2ee7 w64 h86\"><div class=\"t m0 x0 h88 y1c50 ff1c6 fs3a fc2 sc0 ls24 ws3a\">Foreign exchange rate changes<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2ee7 w48 h86\"><div class=\"t m0 x177 h87 y1c50 ff1c7 fs3a fc2 sc0 ls21 ws35\">974<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2ee7 w48 h86\"><div class=\"t m0 x193 h88 y1c50 ff1c6 fs3a fc2 sc0 ls20 ws36\">26<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ee8 w64 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff1c6 fs3a fc2 sc0 ls20 ws34\">Benefit<span class=\"_ _2\"></span>s paid<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2ee8 w25 h8a\"><div class=\"t m0 x181 h87 y1bf6 ff1c7 fs3a fc2 sc0 ls21 ws35\">(11,2<span class=\"_ _2\"></span>70)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2ee8 w4b h8a\"><div class=\"t m0 x187 h88 y1bf6 ff1c6 fs3a fc2 sc0 ls20 ws36\">(11,823)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ee9 w64 h86\"><div class=\"t m0 x0 h88 y1c50 ff1c6 fs3a fc2 sc0 ls20 ws34\">Expense<span class=\"_ _2\"></span>s paid<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x3b0 h87 y2eea ff1c7 fs3a fc2 sc0 ls21 ws35\">(416)<span class=\"_ _195\"> </span></td><td class=\"t m0 x2c2 h88 y2eea ff1c6 fs3a fc2 sc0 ls20 ws36\">(475)<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2eeb w64 h86\"><div class=\"t m0 x0 h87 y1bfa ff1c7 fs3a fc2 sc0 ls2e ws6e\">Fair value of plan asset<span class=\"_ _2\"></span>s at end of year<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2eeb w48 h86\"><div class=\"t m0 x180 h87 y1bfa ff1c7 fs3a fc2 sc0 ls27 ws3f\">17<span class=\"ls1 ws0\">4<span class=\"ls21 ws35\">,727</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2eeb w48 h86\"><div class=\"t m0 x181 h88 y1bfa ff1c6 fs3a fc2 sc0 ls20 ws36\">174,437<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>Change in <span class=\"_ _1\"></span>asset ceiling<span class=\"ls1 ws0\"> </span>There were <span class=\"_ _2\"></span>no defined be<span class=\"_ _2\"></span>nefit plans wh<span class=\"_ _2\"></span>ose recognitio<span class=\"_ _2\"></span>n of assets<span class=\"_ _2\"></span> was limited f<span class=\"_ _2\"></span>or the yea<span class=\"_ _2\"></span>rs ended November 30, 2025 and 2024.<span class=\"_ _195\"> </span>Participant profile<span class=\"ls1 ws0\"> </span>The defined bene<span class=\"_ _2\"></span>fit obligati<span class=\"_ _2\"></span>on by pa<span class=\"_ _2\"></span>rticipant statu<span class=\"_ _2\"></span>s is as fol<span class=\"_ _2\"></span>lows:<span class=\"ls1 ws0\"> </span><table class=\"s w16b h162\" id=\"_5059caa8-b08a-4fc7-802d-0b1a21ef166f\"><tr><td></td><td class=\"t m0 x3a3 h82 y2ed0 ff1c6 fs3b fc2 sc0 ls1 ws32\">As of November 30<span class=\"ws0\"> </span></td><td></td></tr><tr><td class=\"c x241 y2ed1 w69 ha3\"><div class=\"t m0 x0 h82 y1ff0 ff1c6 fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"c x2a7 y2ed1 w20 ha3\"><div class=\"t m0 x177 h85 y1c8b ff1c7 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2ed1 w55 ha3\"><div class=\"t m0 x1a0 h82 y1c8b ff1c6 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ed2 w69 h8c\"><div class=\"t m0 x0 h88 y1c4d ff1c6 fs3a fc2 sc0 ls23 ws39\">Actives<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ed2 w20 h8c\"><div class=\"t m0 x179 h87 y1c4d ff1c7 fs3a fc2 sc0 ls23 ws39\">25,769<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2ed2 w55 h8c\"><div class=\"t m0 x183 h88 y1c4d ff1c6 fs3a fc2 sc0 ls20 ws36\">25,133<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ed3 w69 h86\"><div class=\"t m0 x0 h88 y1bfa ff1c6 fs3a fc2 sc0 ls26 ws47\">Vested <span class=\"_ _3\"></span><span class=\"ws3d\">former employees not yet retired</span><span class=\"ws3d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2a7 y2ed3 w20 h86\"><div class=\"t m0 x179 h87 y1bfa ff1c7 fs3a fc2 sc0 ls23 ws39\">25,218<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2ed3 w55 h86\"><div class=\"t m0 x183 h88 y1bfa ff1c6 fs3a fc2 sc0 ls20 ws36\">27,869<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ed4 w69 h86\"><div class=\"t m0 x0 h88 y1bf8 ff1c6 fs3a fc2 sc0 ls26 ws47\">Retirees<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ed4 w20 h86\"><div class=\"t m0 x180 h87 y1bf8 ff1c7 fs3a fc2 sc0 ls21 ws35\">117,<span class=\"_ _2\"></span>320<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2ed4 w55 h86\"><div class=\"t m0 x181 h88 y1bf8 ff1c6 fs3a fc2 sc0 ls20 ws36\">117,550<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2a7 y2ed5 w20 h8a\"><div class=\"t m0 x180 h87 y1bf6 ff1c7 fs3a fc2 sc0 ls21 ws35\">168,<span class=\"_ _2\"></span>307<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2ed5 w55 h8a\"><div class=\"t m0 x181 h88 y1bf6 ff1c6 fs3a fc2 sc0 ls20 ws36\">170,552<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>The numb<span class=\"_ _2\"></span>er of p<span class=\"_ _2\"></span>artici<span class=\"_ _2\"></span>pant<span class=\"_ _2\"></span>s are a<span class=\"_ _2\"></span>s follow<span class=\"_ _2\"></span>s:<span class=\"ls1 ws0\"> </span><table class=\"s w163 h163\" id=\"_12a9541f-1289-4ca2-9a9c-45d95fa79239\"><tr><td></td><td class=\"t m0 x3a3 h82 y2ed6 ff1c6 fs3b fc2 sc0 ls1 ws32\">As of November 30<span class=\"ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"c x2a7 y2ed7 w20 hb9\"><div class=\"t m0 x177 h85 y1e7e ff1c7 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"t m0 x2f2 h82 y2ed8 ff1c6 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x241 y2ed9 w69 h86\"><div class=\"t m0 x0 h88 y1bef ff1c6 fs3a fc2 sc0 ls23 ws39\">Actives<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ed9 w20 h86\"><div class=\"t m0 x1a0 h87 y1bef ff1c7 fs3a fc2 sc0 ls21 ws35\">947<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2ed9 w55 h86\"><div class=\"t m0 x171 h88 y1bef ff1c6 fs3a fc2 sc0 ls20 ws36\">962<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2eda w69 h8c\"><div class=\"t m0 x0 h88 y1c4d ff1c6 fs3a fc2 sc0 ls26 ws47\">Vested <span class=\"_ _3\"></span><span class=\"ws3d\">former employees not yet retired</span><span class=\"ws3d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2a7 y2eda w20 h8c\"><div class=\"t m0 x1a0 h87 y1c4d ff1c7 fs3a fc2 sc0 ls21 ws35\">454<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2eda w55 h8c\"><div class=\"t m0 x171 h88 y1c4d ff1c6 fs3a fc2 sc0 ls20 ws36\">465<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2edb w69 h86\"><div class=\"t m0 x0 h88 y1bfa ff1c6 fs3a fc2 sc0 ls26 ws47\">Retirees<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2edb w20 h86\"><div class=\"t m0 x177 h87 y1bfa ff1c7 fs3a fc2 sc0 ls21 ws35\">731<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2edb w55 h86\"><div class=\"t m0 x171 h88 y1bfa ff1c6 fs3a fc2 sc0 ls20 ws36\">728<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2a7 y2edc w20 h86\"><div class=\"t m0 x185 h87 y1bf8 ff1c7 fs3a fc2 sc0 ls21 ws35\">2,13<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2edc w55 h86\"><div class=\"t m0 x184 h88 y1bf8 ff1c6 fs3a fc2 sc0 ls20 ws36\">2,155<span class=\"ls1 ws0\"> </span></div></td></tr></table>Ke<span class=\"_ _1\"></span>y act<span class=\"_ _1\"></span>uar<span class=\"_ _1\"></span>ial a<span class=\"_ _1\"></span>ssum<span class=\"_ _1\"></span>pti<span class=\"_ _1\"></span>ons<span class=\"ls1 ws0\"> </span>The following <span class=\"_ _2\"></span>are the assump<span class=\"_ _2\"></span>tions used<span class=\"_ _2\"></span> in the m<span class=\"_ _2\"></span>easurement of <span class=\"_ _2\"></span>the p<span class=\"_ _2\"></span>rojected benefit <span class=\"_ _2\"></span>obligation fo<span class=\"_ _2\"></span>r the Group\u2019s defi<span class=\"_ _2\"></span>ned benefit<span class=\"_ _2\"></span> pension<span class=\"ff1c6 ls1 ws0\"> <span class=\"ls30 ws50\">plans<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> acc<span class=\"_ _2\"></span>umulate<span class=\"_ _2\"></span>d pr<span class=\"_ _2\"></span>ojecte<span class=\"_ _2\"></span>d be<span class=\"_ _2\"></span>nefit<span class=\"_ _2\"></span> oblig<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on fo<span class=\"_ _2\"></span>r U<span class=\"_ _2\"></span>S </span></span>post<span class=\"ls1 ws0\">-<span class=\"ls30 ws52\">retire<span class=\"_ _2\"></span>ment <span class=\"ls2f ws70\">medical pl<span class=\"_ _2\"></span>an <span class=\"ws4e\">benefits:<span class=\"_ _2\"></span></span></span></span> </span><table class=\"s w1b6 h161\" id=\"_5a59f747-a43b-4ff1-af7b-e31a6a28197a\"><tr><td></td><td class=\"t m0 x3a5 h82 y2ec5 ff1c6 fs3b fc2 sc0 ls1d ws49\">As of<span class=\"ls1 ws0\"> November <span class=\"ls1b ws2f\">30</span></span><span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"c x3a6 y2ec6 w8d hb7\"><div class=\"t m0 x177 h85 y2064 ff1c7 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3a7 y2ec6 w2a hb7\"><div class=\"t m0 x177 h82 y2064 ff1c6 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x3a8 y2ec7 w1b7 hfa\"><div class=\"t m0 x245 h87 y2c4d ff1c7 fs3a fc2 sc0 ls1f ws43\">Weight<span class=\"_ _2\"></span>ed<span class=\"ls1 ws0\">-</span><span class=\"ws33\">average assu<span class=\"_ _2\"></span>mption<span class=\"_ _2\"></span>s to determin<span class=\"_ _2\"></span>e proj<span class=\"_ _2\"></span>ected ben<span class=\"_ _2\"></span>efit<span class=\"_ _195\"> </span></span></div></td><td></td><td></td></tr><tr><td class=\"c x3a8 y2ec8 w1b8 hfa\"><div class=\"t m0 x245 h87 y2c4d ff1c7 fs3a fc2 sc0 ls2c ws91\">obligations:<span class=\"_ _195\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x266 y2ec9 wdd h86\"><div class=\"t m0 x0 h88 y1bde ff1c6 fs3a fc2 sc0 ls23 ws4b\">Discount r<span class=\"_ _1\"></span>ate<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3a6 y2ec9 w25 h86\"><div class=\"t m0 x185 h87 y1bde ff1c7 fs3a fc2 sc0 ls21 ws35\">5.20<span class=\"ls1 ws0\">%</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3a7 y2ec9 wdf h86\"><div class=\"t m0 x184 h88 y1bde ff1c6 fs3a fc2 sc0 ls20 ws36\">5.19%<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x266 y2eca wdd h8a\"><div class=\"t m0 x0 h88 y1c18 ff1c6 fs3a fc2 sc0 ls22 ws37\">Rate of comp<span class=\"_ _1\"></span>ensation increase<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3a6 y2eca w25 h8a\"><div class=\"t m0 x185 h87 y1c18 ff1c7 fs3a fc2 sc0 ls21 ws35\">3.60<span class=\"ls1 ws0\">%</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3a7 y2eca wdf h8a\"><div class=\"t m0 x184 h88 y1c18 ff1c6 fs3a fc2 sc0 ls20 ws36\">3.54%<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x266 y2ecb wdd h86\"><div class=\"t m0 x0 h88 y1be2 ff1c6 fs3a fc2 sc0 ls26 ws3d\">Rate of pension<span class=\"_ _1\"></span> increases<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3a6 y2ecb w25 h86\"><div class=\"t m0 x185 h87 y1be2 ff1c7 fs3a fc2 sc0 ls21 ws35\">2.85<span class=\"ls1 ws0\">%</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3a7 y2ecb wdf h86\"><div class=\"t m0 x184 h88 y1be2 ff1c6 fs3a fc2 sc0 ls20 ws36\">3.07%<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x266 y2ecc wdd h86\"><div class=\"t m0 x0 h88 y1be4 ff1c6 fs3a fc2 sc0 ls29 ws42\">Rate of pr<span class=\"_ _2\"></span>ice inflat<span class=\"_ _2\"></span>ion<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3a6 y2ecc w25 h86\"><div class=\"t m0 x185 h87 y1be4 ff1c7 fs3a fc2 sc0 ls21 ws35\">2.83<span class=\"ls1 ws0\">%</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3a7 y2ecc wdf h86\"><div class=\"t m0 x184 h88 y1be4 ff1c6 fs3a fc2 sc0 ls20 ws36\">3.14%<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x266 y2ecd wdd h8a\"><div class=\"t m0 x0 h88 y1c65 ff1c6 fs3a fc2 sc0 ls24 ws3a\">Life expectancy for an individual curr<span class=\"_ _2\"></span>ently at 65:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"t m0 x3a9 h88 y2ece ff1c6 fs3a fc2 sc0 ls2e ws5c\">Male<span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x3aa h87 y2ece ff1c7 fs3a fc2 sc0 ls21 ws35\">22.0<span class=\"ls1 ws0\"> </span>yrs<span class=\"_ _195\"> </span></td><td class=\"t m0 x3ab h88 y2ece ff1c6 fs3a fc2 sc0 ls1 ws0\">2<span class=\"_ _1\"></span>1<span class=\"ls29 ws42\">.0 yrs<span class=\"_ _195\"> </span></span></td></tr><tr><td class=\"c x266 y2ecf wdd h86\"><div class=\"t m0 x19a h88 y1bea ff1c6 fs3a fc2 sc0 ls2a ws45\">Female<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3a6 y2ecf w8d h86\"><div class=\"t m0 x180 h87 y1bea ff1c7 fs3a fc2 sc0 ls21 ws35\">23.0<span class=\"ls1 ws0\"> </span>yrs<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3a7 y2ecf w2a h86\"><div class=\"t m0 x181 h88 y1bea ff1c6 fs3a fc2 sc0 ls1 ws0\">2<span class=\"_ _1\"></span>3<span class=\"ls29 ws42\">.0 yrs</span><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span> </div></td></tr></table>The net period<span class=\"_ _2\"></span> pension expen<span class=\"_ _2\"></span>se and re<span class=\"_ _2\"></span>tiree medical expe<span class=\"_ _2\"></span>nse is b<span class=\"_ _2\"></span>ased on t<span class=\"_ _2\"></span>he prior yea<span class=\"_ _2\"></span>r\u2019s weighted average<span class=\"_ _2\"></span> as<span class=\"_ _2\"></span>sumpt<span class=\"_ _2\"></span>ions <span class=\"_ _2\"></span>for t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> projec<span class=\"_ _2\"></span>ted b<span class=\"_ _2\"></span>enefi<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">obligation.</span> </span>Expos<span class=\"_ _2\"></span>ure to va<span class=\"_ _2\"></span>riance<span class=\"_ _2\"></span>s in <span class=\"ws52\">hea<span class=\"_ _2\"></span>lthc<span class=\"_ _2\"></span>are<span class=\"ls1 ws0\"> </span><span class=\"ws50\">cost <span class=\"_ _2\"></span>trends<span class=\"_ _2\"></span> have<span class=\"_ _2\"></span> bee<span class=\"_ _2\"></span>n mi<span class=\"_ _2\"></span>tiga<span class=\"_ _2\"></span>ted to <span class=\"_ _2\"></span>the e<span class=\"_ _2\"></span>xte<span class=\"_ _2\"></span>nt t<span class=\"_ _2\"></span>hat a<span class=\"_ _2\"></span> 1% c<span class=\"_ _2\"></span>hang<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> </span></span></span>would have a<span class=\"_ _2\"></span> negligible e<span class=\"_ _2\"></span>ffect on<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">t<span class=\"_ _2\"></span>he acc<span class=\"_ _2\"></span>umul<span class=\"_ _2\"></span>ated p<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">retirement benefit oblig<span class=\"_ _2\"></span>ation at the<span class=\"_ _2\"></span> end </span></span></span></span>of<span class=\"ls1 ws0\"> <span class=\"ls31 ws53\">2025<span class=\"ls50 ws7d\">. <span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></span></span></span><table class=\"s w1b9 h166\" id=\"_cb42c2ca-6bd9-43a2-a442-1b6bb9f50138\"><tr><td></td><td></td><td class=\"c x3b1 y2efa we1 he6\"><div class=\"t m0 x6e h82 y1c8e ff1cb fs3b fc2 sc0 ls1d ws2d\">Impact o<span class=\"_ _2\"></span>n <span class=\"ls1 ws0\">defined benefit o<span class=\"ls2d ws4a\">blig<span class=\"_ _2\"></span>ation</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x3b1 y2efb we2 h80\"><div class=\"t m0 x19e h82 y25e2 ff1cb fs3b fc2 sc0 ls38 ws5e\">Change<span class=\"_ _1\"></span> in<span class=\"ls1 ws0\"> a<span class=\"ls1d ws31\">ssump<span class=\"_ _2\"></span>tion</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b2 y2efb we0 h80\"><div class=\"t m0 x1a0 h82 y25e2 ff1cb fs3b fc2 sc0 ls1d ws31\">Increa<span class=\"_ _2\"></span>se in <span class=\"ls1 ws0\">a</span>ssu<span class=\"_ _2\"></span>mption<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b3 y2efb we5 h80\"><div class=\"t m0 x188 h82 y25e2 ff1cb fs3b fc2 sc0 ls1 ws0\">Decrease in a<span class=\"ls1d ws31\">ssu<span class=\"_ _2\"></span>mption</span> </div></td></tr><tr><td class=\"c x24b y2efc we0 h8c\"><div class=\"t m0 x0 h88 y1c3f ff1cb fs3a fc2 sc0 ls23 ws4b\">Discount r<span class=\"_ _1\"></span>ate<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b1 y2efc we2 h8c\"><div class=\"t m0 x15 h88 y1c3f ff1cb fs3a fc2 sc0 ls20 ws36\">0.25%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b2 y2efc we0 h8c\"><div class=\"t m0 x19f h88 y1c3f ff1cb fs3a fc2 sc0 ls20 ws34\">Decre<span class=\"_ _2\"></span>ase by 2.3%<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b3 y2efc we5 h8c\"><div class=\"t m0 x1 h88 y1c3f ff1cb fs3a fc2 sc0 ls20 ws34\">Incre<span class=\"_ _2\"></span>ase by 2.4%<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2efd we0 h89\"><div class=\"t m0 x0 h88 y1bf4 ff1cb fs3a fc2 sc0 ls22 ws3e\">Compensa<span class=\"_ _1\"></span>tion<span class=\"ls1 ws0\"> </span><span class=\"ws37\">g<span class=\"_ _1\"></span>rowth rate</span><span class=\"ws37\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x3b1 y2efd we2 h89\"><div class=\"t m0 x15 h88 y1bf4 ff1cb fs3a fc2 sc0 ls20 ws36\">0.25%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b2 y2efd we0 h89\"><div class=\"t m0 x1 h88 y1bf4 ff1cb fs3a fc2 sc0 ls24 ws3a\">Increase by <span class=\"ls20 ws36\">2.1<span class=\"ls1 ws0\">%</span></span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x3b3 y2efd we5 h89\"><div class=\"t m0 x19f h88 y1bf4 ff1cb fs3a fc2 sc0 ls26 ws3d\">Decrease by <span class=\"ls20 ws36\">2.0<span class=\"ls1 ws0\">%</span></span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></div></td></tr><tr><td class=\"c x24b y2efe we0 h86\"><div class=\"t m0 x0 h88 y1bfa ff1cb fs3a fc2 sc0 ls22 ws37\">Pension<span class=\"_ _1\"></span> growth rate<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b1 y2efe we2 h86\"><div class=\"t m0 x15 h88 y1bfa ff1cb fs3a fc2 sc0 ls20 ws36\">0.25%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b2 y2efe we0 h86\"><div class=\"t m0 x1 h88 y1bfa ff1cb fs3a fc2 sc0 ls24 ws3a\">Increase by <span class=\"ls20 ws36\">2.2<span class=\"ls1 ws0\">%</span></span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x3b3 y2efe we5 h86\"><div class=\"t m0 x19f h88 y1bfa ff1cb fs3a fc2 sc0 ls26 ws3d\">Decrease by <span class=\"ls20 ws36\">2.2<span class=\"ls1 ws0\">%</span></span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></div></td></tr><tr><td class=\"c x24b y2eff we0 h94\"><div class=\"t m0 x0 h88 y1bff ff1cb fs3a fc2 sc0 ls29 ws42\">Price inflatio<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b1 y2eff we2 h94\"><div class=\"t m0 x15 h88 y1bff ff1cb fs3a fc2 sc0 ls20 ws36\">0.25%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b2 y2eff we0 h94\"><div class=\"t m0 x1 h88 y1bff ff1cb fs3a fc2 sc0 ls24 ws3a\">Increase by <span class=\"ls20 ws36\">2.5<span class=\"ls1 ws0\">%</span></span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x3b3 y2eff we5 h94\"><div class=\"t m0 x19f h88 y1bff ff1cb fs3a fc2 sc0 ls26 ws3d\">Decrease by <span class=\"ls20 ws36\">2.4<span class=\"ls1 ws0\">%</span></span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></div></td></tr><tr><td></td><td></td><td class=\"c x3b5 y2f00 w1ba h115\"><div class=\"t m0 x245 h82 y29a6 ff1cb fs3b fc2 sc0 ls1d ws49\">Increa<span class=\"_ _2\"></span>se by 1<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">y<span class=\"ls2d wsa4\">ear in </span>a<span class=\"_ _195\"> </span></span></div><div class=\"t m0 x3b4 h82 y29a6 ff1cb fs3b fc2 sc0 ls1d ws31\">ssumption<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x3b6 h82 y2f01 ff1cb fs3b fc2 sc0 ls1 wse2\">Decrease b<span class=\"_ _2\"></span>y 1 <span class=\"ws0\">y<span class=\"ls2d wsa4\">ea<span class=\"_ _2\"></span>r in </span>a<span class=\"ls1d ws31\">ssu<span class=\"_ _2\"></span>mption<span class=\"_ _195\"> </span></span></span></td></tr><tr><td class=\"c x24b y2f02 we0 h89\"><div class=\"t m0 x0 h88 y1c50 ff1cb fs3a fc2 sc0 ls26 ws3d\">Life expecta<span class=\"_ _1\"></span>ncy<span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x3b2 y2f02 we0 h89\"><div class=\"t m0 x1 h88 y1c50 ff1cb fs3a fc2 sc0 ls24 ws3a\">Increase by 2.<span class=\"ls1 ws0\">7<span class=\"_ _1\"></span>%</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b3 y2f02 we5 h89\"><div class=\"t m0 x19f h88 y1c50 ff1cb fs3a fc2 sc0 ls20 ws34\">Decre<span class=\"_ _2\"></span>ase by 2.7%<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>The ab<span class=\"_ _2\"></span>ove se<span class=\"_ _2\"></span>nsi<span class=\"_ _2\"></span>tivity<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span>nalyse<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e base<span class=\"_ _2\"></span>d o<span class=\"_ _2\"></span>n a c<span class=\"_ _2\"></span>hange<span class=\"_ _2\"></span> in a<span class=\"_ _2\"></span>n as<span class=\"_ _2\"></span>sum<span class=\"_ _2\"></span>ption w<span class=\"_ _2\"></span>hile<span class=\"_ _2\"></span> holdi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>all ot<span class=\"_ _2\"></span>her assum<span class=\"_ _2\"></span>ptions<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>nstan<span class=\"_ _2\"></span>t. In<span class=\"_ _2\"></span> prac<span class=\"_ _2\"></span>tic<span class=\"_ _2\"></span>e, thi<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> <span class=\"ls57 ws86\">is<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">unlik<span class=\"_ _2\"></span>ely<span class=\"_ _2\"></span> to occ<span class=\"_ _2\"></span>ur,<span class=\"_ _2\"></span> and c<span class=\"_ _2\"></span>hang<span class=\"_ _2\"></span>es i<span class=\"_ _2\"></span>n som<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> </span></span></span></span>assumptions may<span class=\"_ _2\"></span> be correla<span class=\"_ _2\"></span>ted. When c<span class=\"_ _2\"></span>alculating t<span class=\"_ _2\"></span>he sensitivity<span class=\"_ _2\"></span> of the<span class=\"_ _2\"></span> defined benefi<span class=\"_ _2\"></span>t obligation <span class=\"_ _2\"></span>to signifi<span class=\"_ _2\"></span>can<span class=\"_ _2\"></span>t actua<span class=\"_ _2\"></span>rial as<span class=\"_ _2\"></span>sump<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>s the same<span class=\"_ _2\"></span> method<span class=\"_ _2\"></span> (pre<span class=\"_ _2\"></span>sent val<span class=\"_ _2\"></span>ue of the<span class=\"_ _2\"></span> define<span class=\"_ _2\"></span>d benefi<span class=\"_ _2\"></span>t obl<span class=\"_ _2\"></span>igati<span class=\"_ _2\"></span>on calcul<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">w<span class=\"_ _2\"></span>ith <span class=\"_ _2\"></span>the pr<span class=\"_ _2\"></span>ojec<span class=\"_ _2\"></span>ted <span class=\"_ _2\"></span>unit<span class=\"_ _2\"></span> cred<span class=\"_ _2\"></span>it me<span class=\"_ _2\"></span>thod<span class=\"_ _2\"></span> at t<span class=\"_ _2\"></span>he end<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws4f\">the reporti<span class=\"_ _2\"></span>ng <span class=\"ws52\">ye<span class=\"_ _2\"></span>ar<span class=\"ls2f ws70\">) has be<span class=\"_ _2\"></span>en applied </span></span></span></span></span>as whe<span class=\"_ _2\"></span>n ca<span class=\"_ _2\"></span>lcul<span class=\"_ _2\"></span>ating <span class=\"_ _2\"></span>the p<span class=\"_ _2\"></span>ensi<span class=\"_ _2\"></span><span class=\"ls2f ws70\">on liabili<span class=\"_ _2\"></span>ty recognised w<span class=\"_ _2\"></span>ithin the<span class=\"ls1 ws0\"> </span></span>bal<span class=\"_ _2\"></span>ance sh<span class=\"_ _2\"></span>eet<span class=\"ls50 ws7d\">. <span class=\"ls1 ws0\"> </span></span>The me<span class=\"_ _2\"></span>thod<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> type<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>ump<span class=\"_ _2\"></span>tions <span class=\"_ _2\"></span>used<span class=\"_ _2\"></span> in pre<span class=\"_ _2\"></span>pari<span class=\"_ _2\"></span>ng th<span class=\"_ _2\"></span>e se<span class=\"_ _2\"></span>nsit<span class=\"_ _2\"></span>ivi<span class=\"_ _2\"></span>ty an<span class=\"_ _2\"></span>alysi<span class=\"_ _2\"></span>s did<span class=\"_ _2\"></span> not<span class=\"_ _2\"></span> change<span class=\"_ _2\"></span> compare<span class=\"_ _2\"></span>d wi<span class=\"_ _2\"></span>th <span class=\"_ _2\"></span>the pre<span class=\"_ _2\"></span>vio<span class=\"_ _2\"></span>us <span class=\"ls2f ws4e\">yea<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\">. </span></span>Fair value of plan assets<span class=\"ls1 ws0\"> </span>The Group\u2019s defi<span class=\"_ _2\"></span>ned benefit pe<span class=\"_ _2\"></span>nsion pla<span class=\"_ _2\"></span>ns\u2019 assets <span class=\"_ _2\"></span>and weighted<span class=\"_ _2\"></span><span class=\"ff1cb ls1 ws0\">-<span class=\"ls30 ws50\">average<span class=\"_ _2\"></span> asse<span class=\"_ _2\"></span>t al<span class=\"_ _2\"></span>locati<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span> as of<span class=\"_ _2\"></span> </span></span>Novemb<span class=\"_ _2\"></span>er<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">30, 2025</span> <span class=\"ls31 ws51\">and 2024, b</span>y <span class=\"_ _3\"></span><span class=\"ls30 ws50\">c<span class=\"_ _2\"></span>ategory<span class=\"_ _2\"></span>, w<span class=\"_ _2\"></span>ere a<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> <span class=\"ls4a ws76\">follows:<span class=\"_ _2\"></span></span> </span></span></span><table class=\"s w151 h167\" id=\"_f0e263d8-b78c-41c4-895e-6b95cae0a75b\"><tr><td></td><td></td><td class=\"c x3b7 y2f03 we7 hb7\"><div class=\"t m0 x8f h82 y1d6f ff1cb fs3b fc2 sc0 ls1 ws32\">As of November 30<span class=\"ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x24b y2f04 we6 h83\"><div class=\"t m0 x0 h82 y1c2f ff1cb fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"c x3b8 y2f04 w5c h83\"><div class=\"t m0 x185 h85 y2099 ff1cc fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b9 y2f04 w5e h83\"><div class=\"t m0 x19f h85 y2099 ff1cc fs3b fc2 sc0 ls1c ws30\">% <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ba y2f04 w5e h83\"><div class=\"t m0 x184 h82 y2099 ff1cb fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2e6 y2f04 w5e h83\"><div class=\"t m0 x1be h82 y2099 ff1cb fs3b fc2 sc0 ls87 wsdc\">% <span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f05 we6 h86\"><div class=\"t m0 x0 h88 y1c05 ff1cb fs3a fc2 sc0 ls24 ws3a\">Cash and cash equivalents<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b8 y2f05 w5c h86\"><div class=\"t m0 x17f h87 y1c05 ff1cc fs3a fc2 sc0 ls23 ws39\">10,018<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b9 y2f05 w5e h86\"><div class=\"t m0 x188 h87 y1c05 ff1cc fs3a fc2 sc0 ls27 ws3f\">6%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ba y2f05 w5e h86\"><div class=\"t m0 x179 h88 y1c05 ff1cb fs3a fc2 sc0 ls20 ws36\">5,836<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2e6 y2f05 w5e h86\"><div class=\"t m0 x47 h88 y1c05 ff1cb fs3a fc2 sc0 ls20 ws36\">3%<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f06 we6 h8a\"><div class=\"t m0 x0 h88 y1c03 ff1cb fs3a fc2 sc0 ls24 ws33\">Equity instruments<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b8 y2f06 w5c h8a\"><div class=\"t m0 x17f h87 y1c03 ff1cc fs3a fc2 sc0 ls23 ws39\">24,892<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b9 y2f06 w5e h8a\"><div class=\"t m0 x185 h87 y1c03 ff1cc fs3a fc2 sc0 ls27 ws3f\">14%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ba y2f06 w5e h8a\"><div class=\"t m0 x180 h88 y1c03 ff1cb fs3a fc2 sc0 ls20 ws36\">26,780<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2e6 y2f06 w5e h8a\"><div class=\"t m0 x182 h88 y1c03 ff1cb fs3a fc2 sc0 ls20 ws36\">15%<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f07 we6 h86\"><div class=\"t m0 x0 h88 y1be4 ff1cb fs3a fc2 sc0 ls24 ws3a\">Debt instruments<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b8 y2f07 w5c h86\"><div class=\"t m0 x17a h87 y1be4 ff1cc fs3a fc2 sc0 ls21 ws35\">135,<span class=\"_ _2\"></span>844<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b9 y2f07 w5e h86\"><div class=\"t m0 x185 h87 y1be4 ff1cc fs3a fc2 sc0 ls27 ws3f\">78%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ba y2f07 w5e h86\"><div class=\"t m0 x17b h88 y1be4 ff1cb fs3a fc2 sc0 ls20 ws36\">137,117<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2e6 y2f07 w5e h86\"><div class=\"t m0 x182 h88 y1be4 ff1cb fs3a fc2 sc0 ls20 ws36\">79%<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f08 we6 h86\"><div class=\"t m0 x0 h88 y1be2 ff1cb fs3a fc2 sc0 ls2e ws4c\">Real estate<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b8 y2f08 w5c h86\"><div class=\"t m0 x187 h87 y1be2 ff1cc fs3a fc2 sc0 ls21 ws35\">1,47<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b9 y2f08 w5e h86\"><div class=\"t m0 x188 h87 y1be2 ff1cc fs3a fc2 sc0 ls27 ws3f\">1%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ba y2f08 w5e h86\"><div class=\"t m0 x179 h88 y1be2 ff1cb fs3a fc2 sc0 ls20 ws36\">2,252<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2e6 y2f08 w5e h86\"><div class=\"t m0 x47 h88 y1be2 ff1cb fs3a fc2 sc0 ls20 ws36\">1%<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f09 we6 ha4\"><div class=\"t m0 x0 h88 y1c18 ff1cb fs3a fc2 sc0 ls24 ws3a\">Investment funds<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b8 y2f09 w5c ha4\"><div class=\"t m0 x187 h87 y1c18 ff1cc fs3a fc2 sc0 ls21 ws35\">1,03<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b9 y2f09 w5e ha4\"><div class=\"t m0 x19f h87 y1c18 ff1ce fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff1cc\"> </span></div></td><td class=\"c x3ba y2f09 w5e ha4\"><div class=\"t m0 x179 h88 y1c18 ff1cb fs3a fc2 sc0 ls20 ws36\">1,030<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2e6 y2f09 w5e ha4\"><div class=\"t m0 x47 h88 y1c18 ff1cb fs3a fc2 sc0 ls20 ws36\">1%<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f0a we6 h86\"><div class=\"t m0 x0 h88 y1be2 ff1cb fs3a fc2 sc0 ls24 ws3a\">Assets held by insurance company<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b8 y2f0a w5c h86\"><div class=\"t m0 x185 h87 y1be2 ff1cc fs3a fc2 sc0 ls21 ws35\">307<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b9 y2f0a w5e h86\"><div class=\"t m0 x19f h87 y1be2 ff1ce fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff1cc\"> </span></div></td><td class=\"c x3ba y2f0a w5e h86\"><div class=\"t m0 x184 h88 y1be2 ff1cb fs3a fc2 sc0 ls20 ws36\">322<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2e6 y2f0a w5e h86\"><div class=\"t m0 x1be h88 y1be2 ff1cd fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1cb\"> </span></div></td></tr><tr><td class=\"c x24b y2f0b we6 h86\"><div class=\"t m0 x0 h88 y1be8 ff1cb fs3a fc2 sc0 ls2a ws45\">Othe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b8 y2f0b w5c h86\"><div class=\"t m0 x187 h87 y1be8 ff1cc fs3a fc2 sc0 ls21 ws35\">1,15<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b9 y2f0b w5e h86\"><div class=\"t m0 x188 h87 y1be8 ff1cc fs3a fc2 sc0 ls27 ws3f\">1%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ba y2f0b w5e h86\"><div class=\"t m0 x179 h88 y1be8 ff1cb fs3a fc2 sc0 ls20 ws36\">1,100<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2e6 y2f0b w5e h86\"><div class=\"t m0 x47 h88 y1be8 ff1cb fs3a fc2 sc0 ls20 ws36\">1%<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f0c we6 h8a\"><div class=\"t m0 x0 h87 y1c65 ff1cc fs3a fc2 sc0 ls21 ws35\">Total<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b8 y2f0c w5c h8a\"><div class=\"t m0 x17a h87 y1c65 ff1cc fs3a fc2 sc0 ls21 ws35\">174,<span class=\"_ _2\"></span>727<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b9 y2f0c w5e h8a\"><div class=\"t m0 x179 h87 y1c65 ff1cc fs3a fc2 sc0 ls21 ws35\">100%<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ba y2f0c w5e h8a\"><div class=\"t m0 x17b h88 y1c65 ff1cb fs3a fc2 sc0 ls20 ws36\">174,437<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2e6 y2f0c w5e h8a\"><div class=\"t m0 x18f h88 y1c65 ff1cb fs3a fc2 sc0 ls20 ws36\">100%<span class=\"ls1 ws0\"> </span></div></td></tr></table>The f<span class=\"_ _2\"></span>air v<span class=\"_ _2\"></span>alue <span class=\"_ _2\"></span>of all<span class=\"_ _2\"></span> pla<span class=\"_ _2\"></span>n as<span class=\"_ _2\"></span>sets<span class=\"_ _2\"></span> was b<span class=\"_ _2\"></span>ased<span class=\"_ _2\"></span> on q<span class=\"_ _2\"></span>uote<span class=\"_ _2\"></span>d mark<span class=\"_ _2\"></span>et <span class=\"ws52\">p<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>ces<span class=\"ls1 ws0\">.</span></span><div class=\"t m0 h98 ff1cd fs39 fc2 sc0 ls2f ws70 gs625\">It is the <span class=\"_ _2\"></span>Group\u2019s policy <span class=\"_ _2\"></span>to inves<span class=\"_ _2\"></span>t pension pla<span class=\"_ _2\"></span>n assets fo<span class=\"_ _2\"></span>r its defi<span class=\"_ _2\"></span>ned benefit p<span class=\"_ _2\"></span>lans to en<span class=\"_ _2\"></span>sure that t<span class=\"_ _2\"></span>here </div><div class=\"t m0 h98 ff1cb fs39 fc2 sc0 ls2f ws70 gs626\">is an adequate<span class=\"_ _2\"></span> level of <span class=\"_ _2\"></span>assets to<span class=\"ls1 ws0\"> </span>support b<span class=\"_ _2\"></span>enefit obligatio<span class=\"_ _2\"></span>ns to p<span class=\"_ _2\"></span>articipants a<span class=\"_ _2\"></span>nd retirees o<span class=\"_ _2\"></span>ver the lif<span class=\"_ _2\"></span>e </div><div class=\"t m0 h98 ff1cb fs39 fc2 sc0 ls2f ws70 gs627\">of the plans<span class=\"_ _2\"></span>, maintain liq<span class=\"_ _2\"></span>uidity in <span class=\"_ _2\"></span>plan assets <span class=\"_ _2\"></span>sufficient <span class=\"_ _2\"></span>to cover cu<span class=\"_ _2\"></span>rrent benefit<span class=\"_ _2\"></span> obligations a<span class=\"_ _2\"></span>nd earn </div><div class=\"t m0 h98 ff1cb fs39 fc2 sc0 ls30 ws50 gs628\">the m<span class=\"_ _2\"></span>aximum<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span>vestme<span class=\"_ _2\"></span>nt r<span class=\"_ _2\"></span>etur<span class=\"_ _2\"></span>n consi<span class=\"_ _2\"></span>ste<span class=\"_ _2\"></span>nt wi<span class=\"_ _2\"></span>th <span class=\"_ _2\"></span>a prude<span class=\"_ _2\"></span>nt l<span class=\"_ _2\"></span>evel<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> inves<span class=\"_ _2\"></span>tmen<span class=\"_ _2\"></span>t and<span class=\"_ _2\"></span> ac<span class=\"_ _2\"></span>tuari<span class=\"_ _2\"></span>al ri<span class=\"_ _2\"></span>sk. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1cb fs39 fc2 sc0 ls30 ws50 gs629\">Investm<span class=\"_ _2\"></span>ent <span class=\"_ _2\"></span>retu<span class=\"_ _2\"></span>rn is<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>total<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>mpound<span class=\"_ _2\"></span>ed a<span class=\"_ _2\"></span>nnua<span class=\"_ _2\"></span>l ret<span class=\"_ _2\"></span>urn<span class=\"_ _2\"></span>, calcul<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>d <span class=\"ws52\">as<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls61 ws96\">interest and dividend </span></span></span></div><div class=\"t m0 h98 ff1cb fs39 fc2 sc0 ls30 ws52 gs62a\">income<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>and<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">realised and unreali<span class=\"_ _2\"></span>sed capital g<span class=\"_ _2\"></span>ains and lo<span class=\"_ _2\"></span>sses,</span> <span class=\"ls2f ws70\">less expenses of<span class=\"_ _2\"></span> the plan<span class=\"_ _2\"></span><span class=\"ls4c ws79\">. </span></span> </span></div><div class=\"t m0 h98 ff1cb fs39 fc2 sc0 ls2f ws70 gs62b\">The Group expec<span class=\"_ _2\"></span>ts to <span class=\"ls30 ws52\">c<span class=\"_ _2\"></span>ontrib<span class=\"_ _2\"></span>ute<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">$<span class=\"_ _1\"></span><span class=\"ls48 ws72\">1.8<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">million</span> <span class=\"ls2f ws70\">to its defined<span class=\"_ _2\"></span> benefit pens<span class=\"_ _2\"></span>ion and pos<span class=\"_ _2\"></span>t</span>-<span class=\"ls30 ws52\">retireme<span class=\"_ _2\"></span>nt </span></span></span></span></span></div><div class=\"t m0 h98 ff1cb fs39 fc2 sc0 ls2f ws70 gs62c\">benefit plans i<span class=\"_ _2\"></span>n 20<span class=\"ls31 ws53\">25<span class=\"ls50 ws7d\">. <span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 h98 ff1cb fs39 fc2 sc0 ls30 ws50 gs62d\">Weigh<span class=\"_ _2\"></span>ted ave<span class=\"_ _2\"></span>rage<span class=\"_ _2\"></span> dur<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he d<span class=\"_ _2\"></span>efi<span class=\"_ _2\"></span>ned <span class=\"ls2f ws70\">be<span class=\"_ _2\"></span>nefit obliga<span class=\"_ _2\"></span>tion is <span class=\"ls48 ws72\">9.5<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span><span class=\"ws52\">years.<span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 ha6 ff1cc fs3c fcb sc0 ls58 ws8e gs62e\">Expected maturity analysis of undiscounted pension and post<span class=\"ls1 ws0\">-<span class=\"ls5c ws8f\">employment b<span class=\"_ _2\"></span>enefits<span class=\"_ _2\"></span></span> </span></div><div class=\"gs62f\"><table class=\"s w163 h168\" id=\"_ed5594d0-b0e8-4726-926f-b47c1b9b18bd\"><tr><td class=\"c x241 y2f0d we8 hc6\"><div class=\"t m0 x0 h82 y2606 ff1cb fs3b fc2 sc0 ls1 ws32\">As of November 30, 2025<span class=\"_ _195\"> </span></div></td><td class=\"c x252 y2f0d w27 hc6\"><div class=\"t m0 x191 h82 y2609 ff1cb fs3b fc2 sc0 ls1 ws32\">Less than <span class=\"ws0\"> </span></div></td><td class=\"c x377 y2f0d we9 hc6\"><div class=\"t m0 x17a h82 y2609 ff1cb fs3b fc2 sc0 ls1 ws0\">Between  </div></td><td class=\"c x3bb y2f0d we9 hc6\"><div class=\"t m0 x17a h82 y2609 ff1cb fs3b fc2 sc0 ls1 ws0\">Between  </div></td><td class=\"c x3bc y2f0d we9 hc6\"><div class=\"t m0 x19a h82 y2609 ff1cb fs3b fc2 sc0 ls1 ws32\">More than 5 </div></td><td></td></tr><tr><td class=\"c x246 y2f0e w170 h115\"><div class=\"t m0 x245 h82 y29a6 ff1cb fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2f3 h82 y29a6 ff1cb fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x36f h82 y2f0f ff1cb fs3b fc2 sc0 ls1 ws32\">a year<span class=\"_ _195\"> </span></td><td class=\"t m0 x3bd h82 y2f0f ff1cb fs3b fc2 sc0 ls1 ws0\">1-<span class=\"ws32\">2 years<span class=\"_ _195\"> </span></span></td><td class=\"t m0 x3be h82 y2f0f ff1cb fs3b fc2 sc0 ls1 ws0\">2-<span class=\"ws32\">5 years<span class=\"_ _195\"> </span></span></td><td class=\"t m0 x3bf h82 y2f0f ff1cb fs3b fc2 sc0 ls1 ws0\">years<span class=\"_ _195\"> </span></td><td class=\"t m0 x2c6 h85 y2f10 ff1cc fs3b fc2 sc0 ls1 ws0\">Total<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x241 y2f11 we8 h8a\"><div class=\"t m0 x0 h88 y1be0 ff1cb fs3a fc2 sc0 ls24 ws3a\">Pension benefits<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x252 y2f11 w27 h8a\"><div class=\"t m0 x17a h88 y1be0 ff1cb fs3a fc2 sc0 ls20 ws36\">11,741<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x377 y2f11 we9 h8a\"><div class=\"t m0 x1b1 h88 y1be0 ff1cb fs3a fc2 sc0 ls20 ws36\">24,615<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bb y2f11 we9 h8a\"><div class=\"t m0 x17a h88 y1be0 ff1cb fs3a fc2 sc0 ls20 ws36\">24,505<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bc y2f11 we9 h8a\"><div class=\"t m0 x1b1 h88 y1be0 ff1cb fs3a fc2 sc0 ls20 ws36\">61,235<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3c0 y2f11 we9 h8a\"><div class=\"t m0 x19e h87 y1be0 ff1cc fs3a fc2 sc0 ls21 ws35\">122,<span class=\"_ _2\"></span>096<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f12 we8 h86\"><div class=\"t m0 x0 h88 y1bde ff1cb fs3a fc2 sc0 ls28 ws40\">Post<span class=\"ls1 ws0\">-<span class=\"ls26 ws3d\">employm<span class=\"_ _1\"></span>ent benefits</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x252 y2f12 w27 h86\"><div class=\"t m0 x18f h88 y1bde ff1cb fs3a fc2 sc0 ls20 ws36\">319<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x377 y2f12 we9 h86\"><div class=\"t m0 x179 h88 y1bde ff1cb fs3a fc2 sc0 ls20 ws36\">582<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bb y2f12 we9 h86\"><div class=\"t m0 x18f h88 y1bde ff1cb fs3a fc2 sc0 ls20 ws36\">530<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bc y2f12 we9 h86\"><div class=\"t m0 x210 h88 y1bde ff1cb fs3a fc2 sc0 ls20 ws36\">1,223<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3c0 y2f12 we9 h86\"><div class=\"t m0 x17f h87 y1bde ff1cc fs3a fc2 sc0 ls21 ws35\">2,65<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f13 we8 h86\"><div class=\"t m0 x0 h87 y1be4 ff1cc fs3a fc2 sc0 ls21 ws35\">Total<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x252 y2f13 w27 h86\"><div class=\"t m0 x17d h87 y1be4 ff1cc fs3a fc2 sc0 ls23 ws39\">12,060<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x377 y2f13 we9 h86\"><div class=\"t m0 x17a h87 y1be4 ff1cc fs3a fc2 sc0 ls23 ws39\">25,197<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bb y2f13 we9 h86\"><div class=\"t m0 x17d h87 y1be4 ff1cc fs3a fc2 sc0 ls23 ws39\">25,035<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bc y2f13 we9 h86\"><div class=\"t m0 x17a h87 y1be4 ff1cc fs3a fc2 sc0 ls23 ws39\">62,458<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3c0 y2f13 we9 h86\"><div class=\"t m0 x19e h87 y1be4 ff1cc fs3a fc2 sc0 ls21 ws35\">124,<span class=\"_ _2\"></span>750<span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"gs630\"><table class=\"s w163 h169\" id=\"_3c8c2f05-f39d-4250-9be7-52d9db08c651\"><tr><td class=\"c x241 y2f14 we8 hc8\"><div class=\"t m0 x0 h82 y260f ff1cb fs3b fc2 sc0 ls1 ws32\">As of November 30, 2024<span class=\"_ _195\"> </span></div></td><td class=\"c x3c1 y2f15 w1bb h115\"><div class=\"t m0 x245 h82 y29a6 ff1cb fs3b fc2 sc0 ls1 ws32\">Less than<span class=\"_ _195\"> </span></div></td><td class=\"c x3c2 y2f15 w1bc h115\"><div class=\"t m0 x245 h82 y29a6 ff1cb fs3b fc2 sc0 ls1 ws0\">Between<span class=\"_ _195\"> </span></div></td><td class=\"c x3c3 y2f15 w1bc h115\"><div class=\"t m0 x245 h82 y29a6 ff1cb fs3b fc2 sc0 ls1 ws0\">Between<span class=\"_ _195\"> </span></div></td><td class=\"c x3c4 y2f15 w1bd h115\"><div class=\"t m0 x245 h82 y29a6 ff1cb fs3b fc2 sc0 ls1 ws32\">More than 5<span class=\"_ _195\"> </span></div></td><td></td></tr><tr><td class=\"c x241 y2f14 we8 hc8\"><div class=\"t m0 x0 h82 y1bd5 ff1cb fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"c x3c5 y2f16 w1be h115\"><div class=\"t m0 x245 h82 y29a6 ff1cb fs3b fc2 sc0 ls1 ws32\">a year<span class=\"_ _195\"> </span></div></td><td class=\"c x3c6 y2f16 w1bf h115\"><div class=\"t m0 x245 h82 y29a6 ff1cb fs3b fc2 sc0 ls1 ws0\">1-<span class=\"ws32\">2 years<span class=\"_ _195\"> </span></span></div></td><td class=\"c x3c7 y2f16 w1bf h115\"><div class=\"t m0 x245 h82 y29a6 ff1cb fs3b fc2 sc0 ls1 ws0\">2-<span class=\"ws32\">5 years<span class=\"_ _195\"> </span></span></div></td><td class=\"c x3c8 y2f16 w1c0 h115\"><div class=\"t m0 x245 h82 y29a6 ff1cb fs3b fc2 sc0 ls1 ws0\">years<span class=\"_ _195\"> </span></div></td><td class=\"c x3c0 y2f14 we9 hc8\"><div class=\"t m0 x18f h85 y1cce ff1cc fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x241 y2f17 we8 h86\"><div class=\"t m0 x0 h88 y1bfa ff1cb fs3a fc2 sc0 ls24 ws3a\">Pension benefits<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x252 y2f17 w27 h86\"><div class=\"t m0 x17a h88 y1bfa ff1cb fs3a fc2 sc0 ls20 ws36\">11,503<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x377 y2f17 we9 h86\"><div class=\"t m0 x1b1 h88 y1bfa ff1cb fs3a fc2 sc0 ls20 ws36\">23,741<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bb y2f17 we9 h86\"><div class=\"t m0 x17a h88 y1bfa ff1cb fs3a fc2 sc0 ls20 ws36\">24,853<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bc y2f17 we9 h86\"><div class=\"t m0 x1b1 h88 y1bfa ff1cb fs3a fc2 sc0 ls20 ws36\">60,744<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3c0 y2f17 we9 h86\"><div class=\"t m0 x19e h87 y1bfa ff1cc fs3a fc2 sc0 ls21 ws35\">120,<span class=\"_ _2\"></span>841<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f18 we8 h86\"><div class=\"t m0 x0 h88 y1bf8 ff1cb fs3a fc2 sc0 ls28 ws40\">Post<span class=\"ls1 ws0\">-<span class=\"ls26 ws3d\">employm<span class=\"_ _1\"></span>ent benefits</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x252 y2f18 w27 h86\"><div class=\"t m0 x18f h88 y1bf8 ff1cb fs3a fc2 sc0 ls20 ws36\">409<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x377 y2f18 we9 h86\"><div class=\"t m0 x179 h88 y1bf8 ff1cb fs3a fc2 sc0 ls20 ws36\">643<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bb y2f18 we9 h86\"><div class=\"t m0 x18f h88 y1bf8 ff1cb fs3a fc2 sc0 ls20 ws36\">559<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bc y2f18 we9 h86\"><div class=\"t m0 x210 h88 y1bf8 ff1cb fs3a fc2 sc0 ls20 ws36\">1,272<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3c0 y2f18 we9 h86\"><div class=\"t m0 x17f h87 y1bf8 ff1cc fs3a fc2 sc0 ls21 ws35\">2,88<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f19 we8 h8a\"><div class=\"t m0 x0 h87 y1c03 ff1cc fs3a fc2 sc0 ls21 ws35\">Total<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x252 y2f19 w27 h8a\"><div class=\"t m0 x17d h87 y1c03 ff1cc fs3a fc2 sc0 ls23 ws39\">11,912<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x377 y2f19 we9 h8a\"><div class=\"t m0 x17a h87 y1c03 ff1cc fs3a fc2 sc0 ls23 ws39\">24,384<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bb y2f19 we9 h8a\"><div class=\"t m0 x17d h87 y1c03 ff1cc fs3a fc2 sc0 ls23 ws39\">25,412<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bc y2f19 we9 h8a\"><div class=\"t m0 x17a h87 y1c03 ff1cc fs3a fc2 sc0 ls23 ws39\">62,016<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3c0 y2f19 we9 h8a\"><div class=\"t m0 x19e h87 y1c03 ff1cc fs3a fc2 sc0 ls21 ws35\">123,<span class=\"_ _2\"></span>724<span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 h98 ff1cb fs39 fc2 sc0 ls2f ws70 gs631\">The above <span class=\"_ _2\"></span>tables exclude <span class=\"_ _2\"></span>vested deferred<span class=\"_ _2\"></span> participan<span class=\"_ _2\"></span>ts who have <span class=\"_ _2\"></span>not started<span class=\"_ _2\"></span> their retiremen<span class=\"_ _2\"></span>t </div><div class=\"t m0 h98 ff1cb fs39 fc2 sc0 ls30 ws52 gs632\">payme<span class=\"_ _2\"></span>nts.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1cb fs39 fc2 sc0 ls2f ws70 gs633\">The Group also<span class=\"_ _2\"></span> provides defi<span class=\"_ _2\"></span>ned contribut<span class=\"_ _2\"></span>ion plans t<span class=\"_ _2\"></span>o certain <span class=\"_ _2\"></span>of its q<span class=\"_ _2\"></span>ualifying employees<span class=\"_ _2\"></span>. Group </div><div class=\"t m0 h98 ff1cb fs39 fc2 sc0 ls30 ws50 gs634\">contri<span class=\"_ _2\"></span>butio<span class=\"_ _2\"></span>ns c<span class=\"_ _2\"></span>h<span class=\"ls2f ws70\">arged t<span class=\"_ _2\"></span>o expense fo<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">th<span class=\"_ _1\"></span>ese plans we<span class=\"_ _2\"></span>re $21<span class=\"ls4c ws79\">.6<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">million and $20.2<span class=\"_ _2\"></span></span> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">millio<span class=\"_ _2\"></span>n for the<span class=\"_ _2\"></span> years </span></span></span></span></span></span></div><div class=\"t m0 h98 ff1cb fs39 fc2 sc0 ls2f ws75 gs635\">ended November<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">30, 2025 and 2024, respectivel<span class=\"_ _1\"></span>y.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span><span class=\"ls1 ws0\"><span class=\"ls31 ws51\"><span class=\"ls1 ws0\"> </span></span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-576": {
   "value": "<div class=\"t m0 ha5 ffa7 fs40 fcb sc0 ls1 ws0 gs1ad\">6. <span class=\"ffa8\">Auditors\u2019 Remu</span>neration </div><div class=\"t m0 h98 ffa6 fs39 fc2 sc0 ls30 ws4f gs1ae\">The anal<span class=\"_ _2\"></span>ysis o<span class=\"_ _2\"></span>f audito<span class=\"_ _2\"></span>rs\u2019 re<span class=\"_ _2\"></span>mune<span class=\"_ _2\"></span>ratio<span class=\"_ _2\"></span>n is as<span class=\"_ _2\"></span> follows<span class=\"_ _2\"></span>:<span class=\"ffa5 ls1 ws0\">  </span></div><div class=\"gs1af\"><table class=\"s w14b h11c\" id=\"_2a3125b2-7664-4612-a4f0-3d6cfc552274\"><tr><td></td><td class=\"c x2be y2bc4 w6a hbe\"><div class=\"t m0 x197 h82 y1bd8 ffa5 fs3b fc2 sc0 ls1 ws0\"> <span class=\"ls19 ws2d\"></span><span class=\"ls19 ws2d\">For</span> <span class=\"ls1a ws2e\">the</span> years end<span class=\"_ _2\"></span>ed November <span class=\"ls1b ws2f\">30</span> </div></td><td></td></tr><tr><td class=\"c x246 y2bc5 w152 h102\"><div class=\"t m0 x245 h82 y29a6 ffa5 fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2bf h82 y29a7 ffa5 fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x2c5 h85 y2bc6 ffa4 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"t m0 x2c6 h82 y2bc6 ffa5 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x241 y2bc7 w69 h90\"><div class=\"t m0 x0 h88 y1c23 ffa5 fs3a fc2 sc0 ls26 ws3d\">Fees payab<span class=\"_ _1\"></span>le to the <span class=\"ffa6 ls24 ws3b\">Company\u2019s</span><span class=\"ls1 ws0\"> <span class=\"ls2e ws4c\">auditor<span class=\"_ _2\"></span>s and <span class=\"ls29 ws44\">its <span class=\"ls25 ws3c\">associates for the <span class=\"_ _2\"></span></span></span></span> </span></div><div class=\"t m0 x0 h88 y1be6 ffa5 fs3a fc2 sc0 ls24 ws3a\">audit of the <span class=\"ls1 ws0\">C<span class=\"ls28 ws40\">onsol<span class=\"_ _2\"></span>idated </span>F<span class=\"_ _1\"></span><span class=\"ls29 ws44\">inanc<span class=\"_ _2\"></span>ial <span class=\"ls1 ws0\">S<span class=\"_ _1\"></span><span class=\"ls26 ws47\">tatements<span class=\"ls1 ws0\">  </span></span></span></span></span></div></td><td class=\"c x2a7 y2bc7 w20 h90\"><div class=\"t m0 x185 h87 y1be6 ffa4 fs3a fc2 sc0 ls21 ws35\">1,68<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bc7 w55 h90\"><div class=\"t m0 x184 h88 y1be6 ffa5 fs3a fc2 sc0 ls20 ws36\">1,216<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2bc8 w69 h90\"><div class=\"t m0 x0 h88 y1c21 ffa5 fs3a fc2 sc0 ls22 ws37\">Fees paya<span class=\"_ _1\"></span>ble to the Group auditors<span class=\"_ _1\"></span> and associates for othe<span class=\"_ _1\"></span>r services as </div><div class=\"t m0 x0 h88 y1c09 ffa5 fs3a fc2 sc0 ls29 ws42\">detailed belo<span class=\"_ _2\"></span>w<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2bc8 w20 h90\"><div class=\"t m0 x185 h87 y1c09 ffa4 fs3a fc2 sc0 ls21 ws35\">3,20<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bc8 w55 h90\"><div class=\"t m0 x184 h88 y1c09 ffa5 fs3a fc2 sc0 ls20 ws36\">2,118<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2bc9 w69 ha1\"><div class=\"t m0 x0 h87 y1be4 ffa4 fs3a fc2 sc0 ls21 ws38\">Total<span class=\"_ _2\"></span> fee<span class=\"_ _2\"></span>s<span class=\"ffa9 ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2bc9 w20 ha1\"><div class=\"t m0 x185 h87 y1be4 ffa4 fs3a fc2 sc0 ls21 ws35\">4,88<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bc9 w55 ha1\"><div class=\"t m0 x184 h88 y1be4 ffa5 fs3a fc2 sc0 ls20 ws36\">3,334<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2bca w69 h86\"><div class=\"t m0 x0 h88 y1be8 ffa5 fs3a fc2 sc0 ls29 ws44\">Tax compliance <span class=\"_ _1\"></span><span class=\"ls26 ws47\">services</span><span class=\"ls26 ws47\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2a7 y2bca w20 h86\"><div class=\"t m0 x193 h87 y1be8 ffa4 fs3a fc2 sc0 ls27 ws3f\">25<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bca w55 h86\"><div class=\"t m0 x193 h88 y1be8 ffa5 fs3a fc2 sc0 ls20 ws36\">24<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2bcb w69 h8a\"><div class=\"t m0 x0 h88 y1c65 ffa5 fs3a fc2 sc0 ls26 ws3d\">Audit related<span class=\"_ _1\"></span> assurance services<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2bcb w20 h8a\"><div class=\"t m0 x177 h87 y1c65 ffa4 fs3a fc2 sc0 ls21 ws35\">125<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bcb w55 h8a\"><div class=\"t m0 x1a0 h88 y1c65 ffa5 fs3a fc2 sc0 ls20 ws36\">120<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2bcc w69 h86\"><div class=\"t m0 x0 h88 y1be8 ffa5 fs3a fc2 sc0 ls22 ws37\">Corporate S<span class=\"_ _1\"></span>ustainabili<span class=\"_ _1\"></span>ty Reporting Directive (CSRD<span class=\"_ _1\"></span>)<span class=\"ls1 ws0\"> <span class=\"ls28 ws40\">audit<span class=\"_ _2\"></span></span> </span></div></td><td class=\"c x2a7 y2bcc w20 h86\"><div class=\"t m0 x177 h87 y1be8 ffa4 fs3a fc2 sc0 ls21 ws35\">884<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bcc w55 h86\"><div class=\"t m0 x2d h88 y1be8 ffa6 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffa5\"> </span></div></td></tr><tr><td class=\"c x241 y2bcd w69 h86\"><div class=\"t m0 x0 h88 y1c4c ffa6 fs3a fc2 sc0 ls24 ws3a\">Audits of the financial statements of<span class=\"_ _2\"></span> the Co<span class=\"_ _2\"></span>mpany\u2019s subsidiaries<span class=\"ffa5 ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2bcd w20 h86\"><div class=\"t m0 x185 h87 y1c4c ffa4 fs3a fc2 sc0 ls21 ws35\">2,11<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bcd w55 h86\"><div class=\"t m0 x184 h88 y1c4c ffa5 fs3a fc2 sc0 ls20 ws36\">1,873<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2bce w69 h8a\"><div class=\"t m0 x0 h88 y1c3f ffa5 fs3a fc2 sc0 ls2a ws45\">Othe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2bce w20 h8a\"><div class=\"t m0 x193 h87 y1c3f ffa4 fs3a fc2 sc0 ls27 ws3f\">49<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bce w55 h8a\"><div class=\"t m0 x1a0 h88 y1c3f ffa5 fs3a fc2 sc0 ls20 ws36\">101<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2bcf w69 h86\"><div class=\"t m0 x0 h87 y1bf4 ffa4 fs3a fc2 sc0 ls21 ws35\">Total<span class=\"_ _2\"></span> <span class=\"ls1f ws43\">other<span class=\"ls1 ws0\"> </span>fees</span><span class=\"ls1f ws43\"><span class=\"ffa9 ls1 ws0\"> </span></span></div></td><td class=\"c x2a7 y2bcf w20 h86\"><div class=\"t m0 x185 h87 y1bf4 ffa4 fs3a fc2 sc0 ls21 ws35\">3,20<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bcf w55 h86\"><div class=\"t m0 x184 h88 y1bf4 ffa5 fs3a fc2 sc0 ls20 ws36\">2,118<span class=\"ls1 ws0\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-651": {
   "value": "8<span class=\"ls71 wsb3\">. Fi<span class=\"_ _2\"></span>nance </span>Expenses <span class=\"ls71 wsb3\">and I<span class=\"_ _2\"></span>ncome<span class=\"_ _2\"></span></span> Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span>(i) <span class=\"ls72 ws32\">Finance exp<span class=\"_ _1\"></span>enses<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>Fina<span class=\"_ _2\"></span>nce <span class=\"_ _2\"></span>expe<span class=\"_ _2\"></span>nses <span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>e rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> in t<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e s<span class=\"_ _2\"></span>tat<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span> as<span class=\"_ _2\"></span> they<span class=\"_ _2\"></span> accr<span class=\"_ _2\"></span>ue<span class=\"_ _2\"></span>, usi<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>he e<span class=\"_ _2\"></span>ffec<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>ve int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st method.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>For f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>ce l<span class=\"_ _2\"></span>eas<span class=\"_ _2\"></span>es,<span class=\"_ _2\"></span> leas<span class=\"_ _2\"></span>e pa<span class=\"_ _2\"></span>yme<span class=\"_ _2\"></span>nts <span class=\"_ _2\"></span>are <span class=\"_ _2\"></span>app<span class=\"_ _2\"></span>ortio<span class=\"_ _2\"></span>ned<span class=\"_ _2\"></span> bet<span class=\"_ _2\"></span>wee<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> fina<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> char<span class=\"_ _2\"></span>ge <span class=\"_ _2\"></span>and t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>red<span class=\"_ _2\"></span>uctio<span class=\"_ _2\"></span>n o<span class=\"_ _2\"></span>f the outstanding liability. The finance charge <span class=\"ls73 wsb5\">is<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">allocate<span class=\"_ _2\"></span>d to<span class=\"_ _2\"></span> e<span class=\"_ _2\"></span>ach pe<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>od dur<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> the l<span class=\"_ _2\"></span>ea<span class=\"_ _2\"></span>se t<span class=\"_ _2\"></span>erm<span class=\"_ _2\"></span> so <span class=\"_ _2\"></span>as to<span class=\"_ _2\"></span> </span></span></span>produce a co<span class=\"_ _2\"></span>nstant periodic<span class=\"_ _2\"></span> rate of intere<span class=\"_ _2\"></span>st on the re<span class=\"_ _2\"></span>maining balan<span class=\"_ _2\"></span>ce of<span class=\"ls1 ws0\"> <span class=\"ls54 ws70\">the liability.<span class=\"_ _195\"> </span></span></span>(ii) Fina<span class=\"_ _2\"></span>nce <span class=\"ls46 ws6f\">in<span class=\"_ _2\"></span>come<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>Finance i<span class=\"_ _2\"></span>ncome is <span class=\"_ _2\"></span>recogni<span class=\"_ _2\"></span>sed in t<span class=\"_ _2\"></span>he inc<span class=\"_ _2\"></span>ome statem<span class=\"_ _2\"></span>ent as i<span class=\"_ _2\"></span>t accr<span class=\"_ _2\"></span>ues, u<span class=\"_ _2\"></span>sing the ef<span class=\"_ _2\"></span>fectiv<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> </span>interest met<span class=\"_ _2\"></span>hod.<table class=\"s w158 h11e\" id=\"_daa2ac76-76c8-4865-9a59-ef3955caf746\"><tr><td></td><td class=\"c x2be y2bd7 w6a h80\"><div class=\"t m0 x197 h82 y1c8b ffad fs3b fc2 sc0 ls19 ws2d\">For<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">the</span> years en<span class=\"_ _2\"></span>ded November <span class=\"ls1b ws2f\">30</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2bd8 w152 h103\"><div class=\"t m0 x245 h82 y29a6 ffad fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2bf h82 y29a6 ffad fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x2c5 h85 y2bd9 ffae fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"t m0 x2c6 h82 y2bd9 ffad fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x246 y2bdb w159 h11f\"><div class=\"t m0 x245 h87 y2bda ffae fs3a fc2 sc0 ls1f ws33\">Finan<span class=\"_ _2\"></span>ce expense<span class=\"_ _2\"></span><span class=\"ls1 ws0\">s<span class=\"_ _1\"></span> <span class=\"ls2c ws5a\">on debt</span> <span class=\"_ _1\"></span><span class=\"ls22 ws34\">and other<span class=\"_ _195\"> </span></span></span></div><div class=\"t m0 x245 h88 y2933 ffad fs3a fc2 sc0 ls24 ws3a\">Interest on loans<span class=\"_ _195\"> </span></div></td><td class=\"c x2a7 y2bdc w20 h86\"><div class=\"t m0 x180 h87 y1bf8 ffae fs3a fc2 sc0 ls21 ws35\">121,<span class=\"_ _2\"></span>216<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bdc w55 h86\"><div class=\"t m0 x181 h88 y1bf8 ffad fs3a fc2 sc0 ls20 ws36\">111,799<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2bdd w69 h8a\"><div class=\"t m0 x0 h88 y1bf6 ffad fs3a fc2 sc0 ls22 ws37\">Amortisa<span class=\"_ _1\"></span>tion of debt issua<span class=\"_ _1\"></span>nce costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2bdd w20 h8a\"><div class=\"t m0 x185 h87 y1bf6 ffae fs3a fc2 sc0 ls21 ws35\">7,65<span class=\"_ _2\"></span>9<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bdd w55 h8a\"><div class=\"t m0 x184 h88 y1bf6 ffad fs3a fc2 sc0 ls20 ws36\">5,132<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2bde w69 ha1\"><div class=\"t m0 x0 h88 y1bf8 ffad fs3a fc2 sc0 ls29 ws44\">Realised<span class=\"ls1 ws0\"> <span class=\"ls1f ws43\">gain</span> <span class=\"ls22 ws37\">on i<span class=\"_ _1\"></span>nterest rate swaps (Note <span class=\"ls20 ws36\">22</span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\">)<span class=\"_ _1\"></span>  </span></span></span></span></div></td><td class=\"c x2a7 y2bde w25 ha1\"><div class=\"t m0 x179 h87 y1bf8 ffae fs3a fc2 sc0 ls21 ws35\">(5,32<span class=\"_ _2\"></span>6)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bde w56 ha1\"><div class=\"t m0 x186 h88 y1bf8 ffad fs3a fc2 sc0 ls20 ws36\">(4,968)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2bdf w69 h86\"><div class=\"t m0 x0 h88 y1bfa ffad fs3a fc2 sc0 ls2a ws5a\">Commit<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> fees<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2bdf w20 h86\"><div class=\"t m0 x185 h87 y1bfa ffae fs3a fc2 sc0 ls21 ws35\">2,55<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bdf w55 h86\"><div class=\"t m0 x184 h88 y1bfa ffad fs3a fc2 sc0 ls20 ws36\">3,053<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be0 w69 h8a\"><div class=\"t m0 x0 h88 y1be0 ffad fs3a fc2 sc0 ls26 ws3d\">Other interest expens<span class=\"_ _1\"></span>e<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2be0 w20 h8a\"><div class=\"t m0 x185 h87 y1be0 ffae fs3a fc2 sc0 ls21 ws35\">3,53<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be0 w55 h8a\"><div class=\"t m0 x193 h88 y1be0 ffad fs3a fc2 sc0 ls20 ws36\">77<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be1 w69 h86\"><div class=\"t m0 x0 h88 y1bde ffad fs3a fc2 sc0 ls26 ws3d\">Total interest expen<span class=\"_ _1\"></span>se<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2be1 w20 h86\"><div class=\"t m0 x180 h87 y1bde ffae fs3a fc2 sc0 ls21 ws35\">129,<span class=\"_ _2\"></span>632<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be1 w55 h86\"><div class=\"t m0 x181 h88 y1bde ffad fs3a fc2 sc0 ls20 ws36\">115,093<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be2 w69 h86\"><div class=\"t m0 x0 h88 y1c05 ffad fs3a fc2 sc0 ls24 ws3a\">Less interest capitalised to property, <span class=\"_ _2\"></span>plant and equipment<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2be2 w25 h86\"><div class=\"t m0 x179 h87 y1c05 ffae fs3a fc2 sc0 ls21 ws35\">(8,28<span class=\"_ _2\"></span>7)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be2 w56 h86\"><div class=\"t m0 x186 h88 y1c05 ffad fs3a fc2 sc0 ls20 ws36\">(3,092)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2a7 y2be3 w20 h8c\"><div class=\"t m0 x180 h87 y1be6 ffae fs3a fc2 sc0 ls21 ws35\">121,<span class=\"_ _2\"></span>345<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be3 w55 h8c\"><div class=\"t m0 x181 h88 y1be6 ffad fs3a fc2 sc0 ls20 ws36\">112,001<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be4 w69 h86\"><div class=\"t m0 x0 h87 y1be2 ffae fs3a fc2 sc0 ls1f ws33\">Finan<span class=\"_ _2\"></span>ce expense<span class=\"_ _2\"></span><span class=\"ls1 ws0\">s<span class=\"_ _1\"></span> <span class=\"ls2c ws5a\">on lease liabilities</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x241 y2be5 w69 h8a\"><div class=\"t m0 x0 h88 y1c18 ffad fs3a fc2 sc0 ls29 ws42\">Intere<span class=\"_ _2\"></span>st on lease<span class=\"_ _2\"></span> liabilities<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2be5 w20 h8a\"><div class=\"t m0 x179 h87 y1c18 ffae fs3a fc2 sc0 ls23 ws39\">19,412<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be5 w55 h8a\"><div class=\"t m0 x183 h88 y1c18 ffad fs3a fc2 sc0 ls20 ws36\">14,177<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be6 w69 h86\"><div class=\"t m0 x0 h87 y1be8 ffae fs3a fc2 sc0 ls25 ws4d\">Finance income<span class=\"ffb1 ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x241 y2be7 w69 h8b\"><div class=\"t m0 x0 h88 y1fc9 ffad fs3a fc2 sc0 ls24 ws3a\">Interest from joint ventures<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2be7 w20 h8b\"><div class=\"t m0 x185 h87 y1fc9 ffae fs3a fc2 sc0 ls21 ws35\">3,24<span class=\"_ _2\"></span>9<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be7 w55 h8b\"><div class=\"t m0 x184 h88 y1fc9 ffad fs3a fc2 sc0 ls20 ws36\">4,135<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be8 w69 h8a\"><div class=\"t m0 x0 h88 y1bec ffad fs3a fc2 sc0 ls24 ws3a\">Interest on b<span class=\"ls25 ws3c\">ank deposits</span><span class=\"ls25 ws3c\"> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2a7 y2be8 w20 h8a\"><div class=\"t m0 x185 h87 y1bec ffae fs3a fc2 sc0 ls21 ws35\">3,95<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be8 w55 h8a\"><div class=\"t m0 x183 h88 y1bec ffad fs3a fc2 sc0 ls20 ws36\">12,000<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be9 w69 h86\"><div class=\"t m0 x0 h88 y1bf4 ffad fs3a fc2 sc0 ls2a ws45\">Othe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2be9 w20 h86\"><div class=\"t m0 x193 h87 y1bf4 ffae fs3a fc2 sc0 ls27 ws3f\">80<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be9 w55 h86\"><div class=\"t m0 x1a0 h88 y1bf4 ffad fs3a fc2 sc0 ls20 ws36\">123<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2a7 y2bea w20 h86\"><div class=\"t m0 x185 h87 y1bef ffae fs3a fc2 sc0 ls21 ws35\">7,28<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bea w55 h86\"><div class=\"t m0 x183 h88 y1bef ffad fs3a fc2 sc0 ls20 ws36\">16,258<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>The ave<span class=\"_ _2\"></span>rage int<span class=\"_ _2\"></span>eres<span class=\"_ _2\"></span>t rate<span class=\"ls1 ws0\">s </span><span class=\"ws50\">used t<span class=\"_ _2\"></span>o capi<span class=\"_ _2\"></span>tali<span class=\"_ _2\"></span>se in<span class=\"_ _2\"></span>tere<span class=\"_ _2\"></span>st t<span class=\"_ _2\"></span>o prop<span class=\"_ _2\"></span>erty<span class=\"_ _2\"></span>, p<span class=\"_ _2\"></span>lant <span class=\"_ _2\"></span>and eq<span class=\"_ _2\"></span>uipm<span class=\"_ _2\"></span>ent w<span class=\"_ _2\"></span><span class=\"ws52\">ere<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls48 ws72\">6.2<span class=\"_ _2\"></span><span class=\"ls6e wsb0\">% </span></span></span></span></span>and <span class=\"ls31 ws53\">5.<span class=\"ls1 ws0\">8<span class=\"_ _1\"></span><span class=\"ls2f ws70\">% fo<span class=\"_ _2\"></span>r <span class=\"ls31 ws53\">202<span class=\"ls1 ws0\">5 <span class=\"_ _1\"></span><span class=\"ls30 ws52\">and <span class=\"ls31 ws53\">202<span class=\"ls1 ws0\">4<span class=\"ls2f ws75\">, respectively</span>. </span></span></span></span></span></span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-642": {
   "value": "8<span class=\"ls71 wsb3\">. Fi<span class=\"_ _2\"></span>nance </span>Expenses <span class=\"ls71 wsb3\">and I<span class=\"_ _2\"></span>ncome<span class=\"_ _2\"></span></span> Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span>(i) <span class=\"ls72 ws32\">Finance exp<span class=\"_ _1\"></span>enses<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>Fina<span class=\"_ _2\"></span>nce <span class=\"_ _2\"></span>expe<span class=\"_ _2\"></span>nses <span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>e rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> in t<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e s<span class=\"_ _2\"></span>tat<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span> as<span class=\"_ _2\"></span> they<span class=\"_ _2\"></span> accr<span class=\"_ _2\"></span>ue<span class=\"_ _2\"></span>, usi<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>he e<span class=\"_ _2\"></span>ffec<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>ve int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st method.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>For f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>ce l<span class=\"_ _2\"></span>eas<span class=\"_ _2\"></span>es,<span class=\"_ _2\"></span> leas<span class=\"_ _2\"></span>e pa<span class=\"_ _2\"></span>yme<span class=\"_ _2\"></span>nts <span class=\"_ _2\"></span>are <span class=\"_ _2\"></span>app<span class=\"_ _2\"></span>ortio<span class=\"_ _2\"></span>ned<span class=\"_ _2\"></span> bet<span class=\"_ _2\"></span>wee<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> fina<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> char<span class=\"_ _2\"></span>ge <span class=\"_ _2\"></span>and t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>red<span class=\"_ _2\"></span>uctio<span class=\"_ _2\"></span>n o<span class=\"_ _2\"></span>f the outstanding liability. The finance charge <span class=\"ls73 wsb5\">is<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">allocate<span class=\"_ _2\"></span>d to<span class=\"_ _2\"></span> e<span class=\"_ _2\"></span>ach pe<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>od dur<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> the l<span class=\"_ _2\"></span>ea<span class=\"_ _2\"></span>se t<span class=\"_ _2\"></span>erm<span class=\"_ _2\"></span> so <span class=\"_ _2\"></span>as to<span class=\"_ _2\"></span> </span></span></span>produce a co<span class=\"_ _2\"></span>nstant periodic<span class=\"_ _2\"></span> rate of intere<span class=\"_ _2\"></span>st on the re<span class=\"_ _2\"></span>maining balan<span class=\"_ _2\"></span>ce of<span class=\"ls1 ws0\"> <span class=\"ls54 ws70\">the liability.<span class=\"_ _195\"> </span></span></span>(ii) Fina<span class=\"_ _2\"></span>nce <span class=\"ls46 ws6f\">in<span class=\"_ _2\"></span>come<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>Finance i<span class=\"_ _2\"></span>ncome is <span class=\"_ _2\"></span>recogni<span class=\"_ _2\"></span>sed in t<span class=\"_ _2\"></span>he inc<span class=\"_ _2\"></span>ome statem<span class=\"_ _2\"></span>ent as i<span class=\"_ _2\"></span>t accr<span class=\"_ _2\"></span>ues, u<span class=\"_ _2\"></span>sing the ef<span class=\"_ _2\"></span>fectiv<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> </span>interest met<span class=\"_ _2\"></span>hod.<table class=\"s w158 h11e\" id=\"_daa2ac76-76c8-4865-9a59-ef3955caf746\"><tr><td></td><td class=\"c x2be y2bd7 w6a h80\"><div class=\"t m0 x197 h82 y1c8b ffad fs3b fc2 sc0 ls19 ws2d\">For<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">the</span> years en<span class=\"_ _2\"></span>ded November <span class=\"ls1b ws2f\">30</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2bd8 w152 h103\"><div class=\"t m0 x245 h82 y29a6 ffad fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2bf h82 y29a6 ffad fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x2c5 h85 y2bd9 ffae fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"t m0 x2c6 h82 y2bd9 ffad fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x246 y2bdb w159 h11f\"><div class=\"t m0 x245 h87 y2bda ffae fs3a fc2 sc0 ls1f ws33\">Finan<span class=\"_ _2\"></span>ce expense<span class=\"_ _2\"></span><span class=\"ls1 ws0\">s<span class=\"_ _1\"></span> <span class=\"ls2c ws5a\">on debt</span> <span class=\"_ _1\"></span><span class=\"ls22 ws34\">and other<span class=\"_ _195\"> </span></span></span></div><div class=\"t m0 x245 h88 y2933 ffad fs3a fc2 sc0 ls24 ws3a\">Interest on loans<span class=\"_ _195\"> </span></div></td><td class=\"c x2a7 y2bdc w20 h86\"><div class=\"t m0 x180 h87 y1bf8 ffae fs3a fc2 sc0 ls21 ws35\">121,<span class=\"_ _2\"></span>216<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bdc w55 h86\"><div class=\"t m0 x181 h88 y1bf8 ffad fs3a fc2 sc0 ls20 ws36\">111,799<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2bdd w69 h8a\"><div class=\"t m0 x0 h88 y1bf6 ffad fs3a fc2 sc0 ls22 ws37\">Amortisa<span class=\"_ _1\"></span>tion of debt issua<span class=\"_ _1\"></span>nce costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2bdd w20 h8a\"><div class=\"t m0 x185 h87 y1bf6 ffae fs3a fc2 sc0 ls21 ws35\">7,65<span class=\"_ _2\"></span>9<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bdd w55 h8a\"><div class=\"t m0 x184 h88 y1bf6 ffad fs3a fc2 sc0 ls20 ws36\">5,132<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2bde w69 ha1\"><div class=\"t m0 x0 h88 y1bf8 ffad fs3a fc2 sc0 ls29 ws44\">Realised<span class=\"ls1 ws0\"> <span class=\"ls1f ws43\">gain</span> <span class=\"ls22 ws37\">on i<span class=\"_ _1\"></span>nterest rate swaps (Note <span class=\"ls20 ws36\">22</span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\">)<span class=\"_ _1\"></span>  </span></span></span></span></div></td><td class=\"c x2a7 y2bde w25 ha1\"><div class=\"t m0 x179 h87 y1bf8 ffae fs3a fc2 sc0 ls21 ws35\">(5,32<span class=\"_ _2\"></span>6)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bde w56 ha1\"><div class=\"t m0 x186 h88 y1bf8 ffad fs3a fc2 sc0 ls20 ws36\">(4,968)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2bdf w69 h86\"><div class=\"t m0 x0 h88 y1bfa ffad fs3a fc2 sc0 ls2a ws5a\">Commit<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> fees<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2bdf w20 h86\"><div class=\"t m0 x185 h87 y1bfa ffae fs3a fc2 sc0 ls21 ws35\">2,55<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bdf w55 h86\"><div class=\"t m0 x184 h88 y1bfa ffad fs3a fc2 sc0 ls20 ws36\">3,053<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be0 w69 h8a\"><div class=\"t m0 x0 h88 y1be0 ffad fs3a fc2 sc0 ls26 ws3d\">Other interest expens<span class=\"_ _1\"></span>e<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2be0 w20 h8a\"><div class=\"t m0 x185 h87 y1be0 ffae fs3a fc2 sc0 ls21 ws35\">3,53<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be0 w55 h8a\"><div class=\"t m0 x193 h88 y1be0 ffad fs3a fc2 sc0 ls20 ws36\">77<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be1 w69 h86\"><div class=\"t m0 x0 h88 y1bde ffad fs3a fc2 sc0 ls26 ws3d\">Total interest expen<span class=\"_ _1\"></span>se<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2be1 w20 h86\"><div class=\"t m0 x180 h87 y1bde ffae fs3a fc2 sc0 ls21 ws35\">129,<span class=\"_ _2\"></span>632<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be1 w55 h86\"><div class=\"t m0 x181 h88 y1bde ffad fs3a fc2 sc0 ls20 ws36\">115,093<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be2 w69 h86\"><div class=\"t m0 x0 h88 y1c05 ffad fs3a fc2 sc0 ls24 ws3a\">Less interest capitalised to property, <span class=\"_ _2\"></span>plant and equipment<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2be2 w25 h86\"><div class=\"t m0 x179 h87 y1c05 ffae fs3a fc2 sc0 ls21 ws35\">(8,28<span class=\"_ _2\"></span>7)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be2 w56 h86\"><div class=\"t m0 x186 h88 y1c05 ffad fs3a fc2 sc0 ls20 ws36\">(3,092)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2a7 y2be3 w20 h8c\"><div class=\"t m0 x180 h87 y1be6 ffae fs3a fc2 sc0 ls21 ws35\">121,<span class=\"_ _2\"></span>345<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be3 w55 h8c\"><div class=\"t m0 x181 h88 y1be6 ffad fs3a fc2 sc0 ls20 ws36\">112,001<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be4 w69 h86\"><div class=\"t m0 x0 h87 y1be2 ffae fs3a fc2 sc0 ls1f ws33\">Finan<span class=\"_ _2\"></span>ce expense<span class=\"_ _2\"></span><span class=\"ls1 ws0\">s<span class=\"_ _1\"></span> <span class=\"ls2c ws5a\">on lease liabilities</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x241 y2be5 w69 h8a\"><div class=\"t m0 x0 h88 y1c18 ffad fs3a fc2 sc0 ls29 ws42\">Intere<span class=\"_ _2\"></span>st on lease<span class=\"_ _2\"></span> liabilities<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2be5 w20 h8a\"><div class=\"t m0 x179 h87 y1c18 ffae fs3a fc2 sc0 ls23 ws39\">19,412<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be5 w55 h8a\"><div class=\"t m0 x183 h88 y1c18 ffad fs3a fc2 sc0 ls20 ws36\">14,177<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be6 w69 h86\"><div class=\"t m0 x0 h87 y1be8 ffae fs3a fc2 sc0 ls25 ws4d\">Finance income<span class=\"ffb1 ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x241 y2be7 w69 h8b\"><div class=\"t m0 x0 h88 y1fc9 ffad fs3a fc2 sc0 ls24 ws3a\">Interest from joint ventures<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2be7 w20 h8b\"><div class=\"t m0 x185 h87 y1fc9 ffae fs3a fc2 sc0 ls21 ws35\">3,24<span class=\"_ _2\"></span>9<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be7 w55 h8b\"><div class=\"t m0 x184 h88 y1fc9 ffad fs3a fc2 sc0 ls20 ws36\">4,135<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be8 w69 h8a\"><div class=\"t m0 x0 h88 y1bec ffad fs3a fc2 sc0 ls24 ws3a\">Interest on b<span class=\"ls25 ws3c\">ank deposits</span><span class=\"ls25 ws3c\"> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2a7 y2be8 w20 h8a\"><div class=\"t m0 x185 h87 y1bec ffae fs3a fc2 sc0 ls21 ws35\">3,95<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be8 w55 h8a\"><div class=\"t m0 x183 h88 y1bec ffad fs3a fc2 sc0 ls20 ws36\">12,000<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be9 w69 h86\"><div class=\"t m0 x0 h88 y1bf4 ffad fs3a fc2 sc0 ls2a ws45\">Othe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2be9 w20 h86\"><div class=\"t m0 x193 h87 y1bf4 ffae fs3a fc2 sc0 ls27 ws3f\">80<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be9 w55 h86\"><div class=\"t m0 x1a0 h88 y1bf4 ffad fs3a fc2 sc0 ls20 ws36\">123<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2a7 y2bea w20 h86\"><div class=\"t m0 x185 h87 y1bef ffae fs3a fc2 sc0 ls21 ws35\">7,28<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bea w55 h86\"><div class=\"t m0 x183 h88 y1bef ffad fs3a fc2 sc0 ls20 ws36\">16,258<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>The ave<span class=\"_ _2\"></span>rage int<span class=\"_ _2\"></span>eres<span class=\"_ _2\"></span>t rate<span class=\"ls1 ws0\">s </span><span class=\"ws50\">used t<span class=\"_ _2\"></span>o capi<span class=\"_ _2\"></span>tali<span class=\"_ _2\"></span>se in<span class=\"_ _2\"></span>tere<span class=\"_ _2\"></span>st t<span class=\"_ _2\"></span>o prop<span class=\"_ _2\"></span>erty<span class=\"_ _2\"></span>, p<span class=\"_ _2\"></span>lant <span class=\"_ _2\"></span>and eq<span class=\"_ _2\"></span>uipm<span class=\"_ _2\"></span>ent w<span class=\"_ _2\"></span><span class=\"ws52\">ere<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls48 ws72\">6.2<span class=\"_ _2\"></span><span class=\"ls6e wsb0\">% </span></span></span></span></span>and <span class=\"ls31 ws53\">5.<span class=\"ls1 ws0\">8<span class=\"_ _1\"></span><span class=\"ls2f ws70\">% fo<span class=\"_ _2\"></span>r <span class=\"ls31 ws53\">202<span class=\"ls1 ws0\">5 <span class=\"_ _1\"></span><span class=\"ls30 ws52\">and <span class=\"ls31 ws53\">202<span class=\"ls1 ws0\">4<span class=\"ls2f ws75\">, respectively</span>. </span></span></span></span></span></span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-636": {
   "value": "8<span class=\"ls71 wsb3\">. Fi<span class=\"_ _2\"></span>nance </span>Expenses <span class=\"ls71 wsb3\">and I<span class=\"_ _2\"></span>ncome<span class=\"_ _2\"></span></span> Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span>(i) <span class=\"ls72 ws32\">Finance exp<span class=\"_ _1\"></span>enses<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>Fina<span class=\"_ _2\"></span>nce <span class=\"_ _2\"></span>expe<span class=\"_ _2\"></span>nses <span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>e rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> in t<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e s<span class=\"_ _2\"></span>tat<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span> as<span class=\"_ _2\"></span> they<span class=\"_ _2\"></span> accr<span class=\"_ _2\"></span>ue<span class=\"_ _2\"></span>, usi<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>he e<span class=\"_ _2\"></span>ffec<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>ve int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st method.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>For f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>ce l<span class=\"_ _2\"></span>eas<span class=\"_ _2\"></span>es,<span class=\"_ _2\"></span> leas<span class=\"_ _2\"></span>e pa<span class=\"_ _2\"></span>yme<span class=\"_ _2\"></span>nts <span class=\"_ _2\"></span>are <span class=\"_ _2\"></span>app<span class=\"_ _2\"></span>ortio<span class=\"_ _2\"></span>ned<span class=\"_ _2\"></span> bet<span class=\"_ _2\"></span>wee<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> fina<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> char<span class=\"_ _2\"></span>ge <span class=\"_ _2\"></span>and t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>red<span class=\"_ _2\"></span>uctio<span class=\"_ _2\"></span>n o<span class=\"_ _2\"></span>f the outstanding liability. The finance charge <span class=\"ls73 wsb5\">is<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">allocate<span class=\"_ _2\"></span>d to<span class=\"_ _2\"></span> e<span class=\"_ _2\"></span>ach pe<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>od dur<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> the l<span class=\"_ _2\"></span>ea<span class=\"_ _2\"></span>se t<span class=\"_ _2\"></span>erm<span class=\"_ _2\"></span> so <span class=\"_ _2\"></span>as to<span class=\"_ _2\"></span> </span></span></span>produce a co<span class=\"_ _2\"></span>nstant periodic<span class=\"_ _2\"></span> rate of intere<span class=\"_ _2\"></span>st on the re<span class=\"_ _2\"></span>maining balan<span class=\"_ _2\"></span>ce of<span class=\"ls1 ws0\"> <span class=\"ls54 ws70\">the liability.<span class=\"_ _195\"> </span></span></span>(ii) Fina<span class=\"_ _2\"></span>nce <span class=\"ls46 ws6f\">in<span class=\"_ _2\"></span>come<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>Finance i<span class=\"_ _2\"></span>ncome is <span class=\"_ _2\"></span>recogni<span class=\"_ _2\"></span>sed in t<span class=\"_ _2\"></span>he inc<span class=\"_ _2\"></span>ome statem<span class=\"_ _2\"></span>ent as i<span class=\"_ _2\"></span>t accr<span class=\"_ _2\"></span>ues, u<span class=\"_ _2\"></span>sing the ef<span class=\"_ _2\"></span>fectiv<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> </span>interest met<span class=\"_ _2\"></span>hod.<table class=\"s w158 h11e\" id=\"_daa2ac76-76c8-4865-9a59-ef3955caf746\"><tr><td></td><td class=\"c x2be y2bd7 w6a h80\"><div class=\"t m0 x197 h82 y1c8b ffad fs3b fc2 sc0 ls19 ws2d\">For<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">the</span> years en<span class=\"_ _2\"></span>ded November <span class=\"ls1b ws2f\">30</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2bd8 w152 h103\"><div class=\"t m0 x245 h82 y29a6 ffad fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2bf h82 y29a6 ffad fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x2c5 h85 y2bd9 ffae fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"t m0 x2c6 h82 y2bd9 ffad fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x246 y2bdb w159 h11f\"><div class=\"t m0 x245 h87 y2bda ffae fs3a fc2 sc0 ls1f ws33\">Finan<span class=\"_ _2\"></span>ce expense<span class=\"_ _2\"></span><span class=\"ls1 ws0\">s<span class=\"_ _1\"></span> <span class=\"ls2c ws5a\">on debt</span> <span class=\"_ _1\"></span><span class=\"ls22 ws34\">and other<span class=\"_ _195\"> </span></span></span></div><div class=\"t m0 x245 h88 y2933 ffad fs3a fc2 sc0 ls24 ws3a\">Interest on loans<span class=\"_ _195\"> </span></div></td><td class=\"c x2a7 y2bdc w20 h86\"><div class=\"t m0 x180 h87 y1bf8 ffae fs3a fc2 sc0 ls21 ws35\">121,<span class=\"_ _2\"></span>216<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bdc w55 h86\"><div class=\"t m0 x181 h88 y1bf8 ffad fs3a fc2 sc0 ls20 ws36\">111,799<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2bdd w69 h8a\"><div class=\"t m0 x0 h88 y1bf6 ffad fs3a fc2 sc0 ls22 ws37\">Amortisa<span class=\"_ _1\"></span>tion of debt issua<span class=\"_ _1\"></span>nce costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2bdd w20 h8a\"><div class=\"t m0 x185 h87 y1bf6 ffae fs3a fc2 sc0 ls21 ws35\">7,65<span class=\"_ _2\"></span>9<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bdd w55 h8a\"><div class=\"t m0 x184 h88 y1bf6 ffad fs3a fc2 sc0 ls20 ws36\">5,132<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2bde w69 ha1\"><div class=\"t m0 x0 h88 y1bf8 ffad fs3a fc2 sc0 ls29 ws44\">Realised<span class=\"ls1 ws0\"> <span class=\"ls1f ws43\">gain</span> <span class=\"ls22 ws37\">on i<span class=\"_ _1\"></span>nterest rate swaps (Note <span class=\"ls20 ws36\">22</span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\">)<span class=\"_ _1\"></span>  </span></span></span></span></div></td><td class=\"c x2a7 y2bde w25 ha1\"><div class=\"t m0 x179 h87 y1bf8 ffae fs3a fc2 sc0 ls21 ws35\">(5,32<span class=\"_ _2\"></span>6)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bde w56 ha1\"><div class=\"t m0 x186 h88 y1bf8 ffad fs3a fc2 sc0 ls20 ws36\">(4,968)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2bdf w69 h86\"><div class=\"t m0 x0 h88 y1bfa ffad fs3a fc2 sc0 ls2a ws5a\">Commit<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> fees<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2bdf w20 h86\"><div class=\"t m0 x185 h87 y1bfa ffae fs3a fc2 sc0 ls21 ws35\">2,55<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bdf w55 h86\"><div class=\"t m0 x184 h88 y1bfa ffad fs3a fc2 sc0 ls20 ws36\">3,053<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be0 w69 h8a\"><div class=\"t m0 x0 h88 y1be0 ffad fs3a fc2 sc0 ls26 ws3d\">Other interest expens<span class=\"_ _1\"></span>e<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2be0 w20 h8a\"><div class=\"t m0 x185 h87 y1be0 ffae fs3a fc2 sc0 ls21 ws35\">3,53<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be0 w55 h8a\"><div class=\"t m0 x193 h88 y1be0 ffad fs3a fc2 sc0 ls20 ws36\">77<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be1 w69 h86\"><div class=\"t m0 x0 h88 y1bde ffad fs3a fc2 sc0 ls26 ws3d\">Total interest expen<span class=\"_ _1\"></span>se<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2be1 w20 h86\"><div class=\"t m0 x180 h87 y1bde ffae fs3a fc2 sc0 ls21 ws35\">129,<span class=\"_ _2\"></span>632<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be1 w55 h86\"><div class=\"t m0 x181 h88 y1bde ffad fs3a fc2 sc0 ls20 ws36\">115,093<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be2 w69 h86\"><div class=\"t m0 x0 h88 y1c05 ffad fs3a fc2 sc0 ls24 ws3a\">Less interest capitalised to property, <span class=\"_ _2\"></span>plant and equipment<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2be2 w25 h86\"><div class=\"t m0 x179 h87 y1c05 ffae fs3a fc2 sc0 ls21 ws35\">(8,28<span class=\"_ _2\"></span>7)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be2 w56 h86\"><div class=\"t m0 x186 h88 y1c05 ffad fs3a fc2 sc0 ls20 ws36\">(3,092)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2a7 y2be3 w20 h8c\"><div class=\"t m0 x180 h87 y1be6 ffae fs3a fc2 sc0 ls21 ws35\">121,<span class=\"_ _2\"></span>345<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be3 w55 h8c\"><div class=\"t m0 x181 h88 y1be6 ffad fs3a fc2 sc0 ls20 ws36\">112,001<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be4 w69 h86\"><div class=\"t m0 x0 h87 y1be2 ffae fs3a fc2 sc0 ls1f ws33\">Finan<span class=\"_ _2\"></span>ce expense<span class=\"_ _2\"></span><span class=\"ls1 ws0\">s<span class=\"_ _1\"></span> <span class=\"ls2c ws5a\">on lease liabilities</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x241 y2be5 w69 h8a\"><div class=\"t m0 x0 h88 y1c18 ffad fs3a fc2 sc0 ls29 ws42\">Intere<span class=\"_ _2\"></span>st on lease<span class=\"_ _2\"></span> liabilities<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2be5 w20 h8a\"><div class=\"t m0 x179 h87 y1c18 ffae fs3a fc2 sc0 ls23 ws39\">19,412<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be5 w55 h8a\"><div class=\"t m0 x183 h88 y1c18 ffad fs3a fc2 sc0 ls20 ws36\">14,177<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be6 w69 h86\"><div class=\"t m0 x0 h87 y1be8 ffae fs3a fc2 sc0 ls25 ws4d\">Finance income<span class=\"ffb1 ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x241 y2be7 w69 h8b\"><div class=\"t m0 x0 h88 y1fc9 ffad fs3a fc2 sc0 ls24 ws3a\">Interest from joint ventures<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2be7 w20 h8b\"><div class=\"t m0 x185 h87 y1fc9 ffae fs3a fc2 sc0 ls21 ws35\">3,24<span class=\"_ _2\"></span>9<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be7 w55 h8b\"><div class=\"t m0 x184 h88 y1fc9 ffad fs3a fc2 sc0 ls20 ws36\">4,135<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be8 w69 h8a\"><div class=\"t m0 x0 h88 y1bec ffad fs3a fc2 sc0 ls24 ws3a\">Interest on b<span class=\"ls25 ws3c\">ank deposits</span><span class=\"ls25 ws3c\"> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2a7 y2be8 w20 h8a\"><div class=\"t m0 x185 h87 y1bec ffae fs3a fc2 sc0 ls21 ws35\">3,95<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be8 w55 h8a\"><div class=\"t m0 x183 h88 y1bec ffad fs3a fc2 sc0 ls20 ws36\">12,000<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be9 w69 h86\"><div class=\"t m0 x0 h88 y1bf4 ffad fs3a fc2 sc0 ls2a ws45\">Othe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2be9 w20 h86\"><div class=\"t m0 x193 h87 y1bf4 ffae fs3a fc2 sc0 ls27 ws3f\">80<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be9 w55 h86\"><div class=\"t m0 x1a0 h88 y1bf4 ffad fs3a fc2 sc0 ls20 ws36\">123<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2a7 y2bea w20 h86\"><div class=\"t m0 x185 h87 y1bef ffae fs3a fc2 sc0 ls21 ws35\">7,28<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bea w55 h86\"><div class=\"t m0 x183 h88 y1bef ffad fs3a fc2 sc0 ls20 ws36\">16,258<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>The ave<span class=\"_ _2\"></span>rage int<span class=\"_ _2\"></span>eres<span class=\"_ _2\"></span>t rate<span class=\"ls1 ws0\">s </span><span class=\"ws50\">used t<span class=\"_ _2\"></span>o capi<span class=\"_ _2\"></span>tali<span class=\"_ _2\"></span>se in<span class=\"_ _2\"></span>tere<span class=\"_ _2\"></span>st t<span class=\"_ _2\"></span>o prop<span class=\"_ _2\"></span>erty<span class=\"_ _2\"></span>, p<span class=\"_ _2\"></span>lant <span class=\"_ _2\"></span>and eq<span class=\"_ _2\"></span>uipm<span class=\"_ _2\"></span>ent w<span class=\"_ _2\"></span><span class=\"ws52\">ere<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls48 ws72\">6.2<span class=\"_ _2\"></span><span class=\"ls6e wsb0\">% </span></span></span></span></span>and <span class=\"ls31 ws53\">5.<span class=\"ls1 ws0\">8<span class=\"_ _1\"></span><span class=\"ls2f ws70\">% fo<span class=\"_ _2\"></span>r <span class=\"ls31 ws53\">202<span class=\"ls1 ws0\">5 <span class=\"_ _1\"></span><span class=\"ls30 ws52\">and <span class=\"ls31 ws53\">202<span class=\"ls1 ws0\">4<span class=\"ls2f ws75\">, respectively</span>. </span></span></span></span></span></span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-623": {
   "value": "8<span class=\"ls71 wsb3\">. Fi<span class=\"_ _2\"></span>nance </span>Expenses <span class=\"ls71 wsb3\">and I<span class=\"_ _2\"></span>ncome<span class=\"_ _2\"></span></span> Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span>(i) <span class=\"ls72 ws32\">Finance exp<span class=\"_ _1\"></span>enses<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>Fina<span class=\"_ _2\"></span>nce <span class=\"_ _2\"></span>expe<span class=\"_ _2\"></span>nses <span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>e rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> in t<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e s<span class=\"_ _2\"></span>tat<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span> as<span class=\"_ _2\"></span> they<span class=\"_ _2\"></span> accr<span class=\"_ _2\"></span>ue<span class=\"_ _2\"></span>, usi<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>he e<span class=\"_ _2\"></span>ffec<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>ve int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st method.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>For f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>ce l<span class=\"_ _2\"></span>eas<span class=\"_ _2\"></span>es,<span class=\"_ _2\"></span> leas<span class=\"_ _2\"></span>e pa<span class=\"_ _2\"></span>yme<span class=\"_ _2\"></span>nts <span class=\"_ _2\"></span>are <span class=\"_ _2\"></span>app<span class=\"_ _2\"></span>ortio<span class=\"_ _2\"></span>ned<span class=\"_ _2\"></span> bet<span class=\"_ _2\"></span>wee<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> fina<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> char<span class=\"_ _2\"></span>ge <span class=\"_ _2\"></span>and t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>red<span class=\"_ _2\"></span>uctio<span class=\"_ _2\"></span>n o<span class=\"_ _2\"></span>f the outstanding liability. The finance charge <span class=\"ls73 wsb5\">is<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">allocate<span class=\"_ _2\"></span>d to<span class=\"_ _2\"></span> e<span class=\"_ _2\"></span>ach pe<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>od dur<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> the l<span class=\"_ _2\"></span>ea<span class=\"_ _2\"></span>se t<span class=\"_ _2\"></span>erm<span class=\"_ _2\"></span> so <span class=\"_ _2\"></span>as to<span class=\"_ _2\"></span> </span></span></span>produce a co<span class=\"_ _2\"></span>nstant periodic<span class=\"_ _2\"></span> rate of intere<span class=\"_ _2\"></span>st on the re<span class=\"_ _2\"></span>maining balan<span class=\"_ _2\"></span>ce of<span class=\"ls1 ws0\"> <span class=\"ls54 ws70\">the liability.<span class=\"_ _195\"> </span></span></span>(ii) Fina<span class=\"_ _2\"></span>nce <span class=\"ls46 ws6f\">in<span class=\"_ _2\"></span>come<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>Finance i<span class=\"_ _2\"></span>ncome is <span class=\"_ _2\"></span>recogni<span class=\"_ _2\"></span>sed in t<span class=\"_ _2\"></span>he inc<span class=\"_ _2\"></span>ome statem<span class=\"_ _2\"></span>ent as i<span class=\"_ _2\"></span>t accr<span class=\"_ _2\"></span>ues, u<span class=\"_ _2\"></span>sing the ef<span class=\"_ _2\"></span>fectiv<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> </span>interest met<span class=\"_ _2\"></span>hod.<table class=\"s w158 h11e\" id=\"_daa2ac76-76c8-4865-9a59-ef3955caf746\"><tr><td></td><td class=\"c x2be y2bd7 w6a h80\"><div class=\"t m0 x197 h82 y1c8b ffad fs3b fc2 sc0 ls19 ws2d\">For<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">the</span> years en<span class=\"_ _2\"></span>ded November <span class=\"ls1b ws2f\">30</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2bd8 w152 h103\"><div class=\"t m0 x245 h82 y29a6 ffad fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2bf h82 y29a6 ffad fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x2c5 h85 y2bd9 ffae fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"t m0 x2c6 h82 y2bd9 ffad fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x246 y2bdb w159 h11f\"><div class=\"t m0 x245 h87 y2bda ffae fs3a fc2 sc0 ls1f ws33\">Finan<span class=\"_ _2\"></span>ce expense<span class=\"_ _2\"></span><span class=\"ls1 ws0\">s<span class=\"_ _1\"></span> <span class=\"ls2c ws5a\">on debt</span> <span class=\"_ _1\"></span><span class=\"ls22 ws34\">and other<span class=\"_ _195\"> </span></span></span></div><div class=\"t m0 x245 h88 y2933 ffad fs3a fc2 sc0 ls24 ws3a\">Interest on loans<span class=\"_ _195\"> </span></div></td><td class=\"c x2a7 y2bdc w20 h86\"><div class=\"t m0 x180 h87 y1bf8 ffae fs3a fc2 sc0 ls21 ws35\">121,<span class=\"_ _2\"></span>216<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bdc w55 h86\"><div class=\"t m0 x181 h88 y1bf8 ffad fs3a fc2 sc0 ls20 ws36\">111,799<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2bdd w69 h8a\"><div class=\"t m0 x0 h88 y1bf6 ffad fs3a fc2 sc0 ls22 ws37\">Amortisa<span class=\"_ _1\"></span>tion of debt issua<span class=\"_ _1\"></span>nce costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2bdd w20 h8a\"><div class=\"t m0 x185 h87 y1bf6 ffae fs3a fc2 sc0 ls21 ws35\">7,65<span class=\"_ _2\"></span>9<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bdd w55 h8a\"><div class=\"t m0 x184 h88 y1bf6 ffad fs3a fc2 sc0 ls20 ws36\">5,132<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2bde w69 ha1\"><div class=\"t m0 x0 h88 y1bf8 ffad fs3a fc2 sc0 ls29 ws44\">Realised<span class=\"ls1 ws0\"> <span class=\"ls1f ws43\">gain</span> <span class=\"ls22 ws37\">on i<span class=\"_ _1\"></span>nterest rate swaps (Note <span class=\"ls20 ws36\">22</span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\">)<span class=\"_ _1\"></span>  </span></span></span></span></div></td><td class=\"c x2a7 y2bde w25 ha1\"><div class=\"t m0 x179 h87 y1bf8 ffae fs3a fc2 sc0 ls21 ws35\">(5,32<span class=\"_ _2\"></span>6)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bde w56 ha1\"><div class=\"t m0 x186 h88 y1bf8 ffad fs3a fc2 sc0 ls20 ws36\">(4,968)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2bdf w69 h86\"><div class=\"t m0 x0 h88 y1bfa ffad fs3a fc2 sc0 ls2a ws5a\">Commit<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> fees<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2bdf w20 h86\"><div class=\"t m0 x185 h87 y1bfa ffae fs3a fc2 sc0 ls21 ws35\">2,55<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bdf w55 h86\"><div class=\"t m0 x184 h88 y1bfa ffad fs3a fc2 sc0 ls20 ws36\">3,053<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be0 w69 h8a\"><div class=\"t m0 x0 h88 y1be0 ffad fs3a fc2 sc0 ls26 ws3d\">Other interest expens<span class=\"_ _1\"></span>e<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2be0 w20 h8a\"><div class=\"t m0 x185 h87 y1be0 ffae fs3a fc2 sc0 ls21 ws35\">3,53<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be0 w55 h8a\"><div class=\"t m0 x193 h88 y1be0 ffad fs3a fc2 sc0 ls20 ws36\">77<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be1 w69 h86\"><div class=\"t m0 x0 h88 y1bde ffad fs3a fc2 sc0 ls26 ws3d\">Total interest expen<span class=\"_ _1\"></span>se<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2be1 w20 h86\"><div class=\"t m0 x180 h87 y1bde ffae fs3a fc2 sc0 ls21 ws35\">129,<span class=\"_ _2\"></span>632<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be1 w55 h86\"><div class=\"t m0 x181 h88 y1bde ffad fs3a fc2 sc0 ls20 ws36\">115,093<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be2 w69 h86\"><div class=\"t m0 x0 h88 y1c05 ffad fs3a fc2 sc0 ls24 ws3a\">Less interest capitalised to property, <span class=\"_ _2\"></span>plant and equipment<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2be2 w25 h86\"><div class=\"t m0 x179 h87 y1c05 ffae fs3a fc2 sc0 ls21 ws35\">(8,28<span class=\"_ _2\"></span>7)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be2 w56 h86\"><div class=\"t m0 x186 h88 y1c05 ffad fs3a fc2 sc0 ls20 ws36\">(3,092)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2a7 y2be3 w20 h8c\"><div class=\"t m0 x180 h87 y1be6 ffae fs3a fc2 sc0 ls21 ws35\">121,<span class=\"_ _2\"></span>345<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be3 w55 h8c\"><div class=\"t m0 x181 h88 y1be6 ffad fs3a fc2 sc0 ls20 ws36\">112,001<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be4 w69 h86\"><div class=\"t m0 x0 h87 y1be2 ffae fs3a fc2 sc0 ls1f ws33\">Finan<span class=\"_ _2\"></span>ce expense<span class=\"_ _2\"></span><span class=\"ls1 ws0\">s<span class=\"_ _1\"></span> <span class=\"ls2c ws5a\">on lease liabilities</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x241 y2be5 w69 h8a\"><div class=\"t m0 x0 h88 y1c18 ffad fs3a fc2 sc0 ls29 ws42\">Intere<span class=\"_ _2\"></span>st on lease<span class=\"_ _2\"></span> liabilities<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2be5 w20 h8a\"><div class=\"t m0 x179 h87 y1c18 ffae fs3a fc2 sc0 ls23 ws39\">19,412<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be5 w55 h8a\"><div class=\"t m0 x183 h88 y1c18 ffad fs3a fc2 sc0 ls20 ws36\">14,177<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be6 w69 h86\"><div class=\"t m0 x0 h87 y1be8 ffae fs3a fc2 sc0 ls25 ws4d\">Finance income<span class=\"ffb1 ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x241 y2be7 w69 h8b\"><div class=\"t m0 x0 h88 y1fc9 ffad fs3a fc2 sc0 ls24 ws3a\">Interest from joint ventures<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2be7 w20 h8b\"><div class=\"t m0 x185 h87 y1fc9 ffae fs3a fc2 sc0 ls21 ws35\">3,24<span class=\"_ _2\"></span>9<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be7 w55 h8b\"><div class=\"t m0 x184 h88 y1fc9 ffad fs3a fc2 sc0 ls20 ws36\">4,135<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be8 w69 h8a\"><div class=\"t m0 x0 h88 y1bec ffad fs3a fc2 sc0 ls24 ws3a\">Interest on b<span class=\"ls25 ws3c\">ank deposits</span><span class=\"ls25 ws3c\"> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2a7 y2be8 w20 h8a\"><div class=\"t m0 x185 h87 y1bec ffae fs3a fc2 sc0 ls21 ws35\">3,95<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be8 w55 h8a\"><div class=\"t m0 x183 h88 y1bec ffad fs3a fc2 sc0 ls20 ws36\">12,000<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be9 w69 h86\"><div class=\"t m0 x0 h88 y1bf4 ffad fs3a fc2 sc0 ls2a ws45\">Othe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2be9 w20 h86\"><div class=\"t m0 x193 h87 y1bf4 ffae fs3a fc2 sc0 ls27 ws3f\">80<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be9 w55 h86\"><div class=\"t m0 x1a0 h88 y1bf4 ffad fs3a fc2 sc0 ls20 ws36\">123<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2a7 y2bea w20 h86\"><div class=\"t m0 x185 h87 y1bef ffae fs3a fc2 sc0 ls21 ws35\">7,28<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bea w55 h86\"><div class=\"t m0 x183 h88 y1bef ffad fs3a fc2 sc0 ls20 ws36\">16,258<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>The ave<span class=\"_ _2\"></span>rage int<span class=\"_ _2\"></span>eres<span class=\"_ _2\"></span>t rate<span class=\"ls1 ws0\">s </span><span class=\"ws50\">used t<span class=\"_ _2\"></span>o capi<span class=\"_ _2\"></span>tali<span class=\"_ _2\"></span>se in<span class=\"_ _2\"></span>tere<span class=\"_ _2\"></span>st t<span class=\"_ _2\"></span>o prop<span class=\"_ _2\"></span>erty<span class=\"_ _2\"></span>, p<span class=\"_ _2\"></span>lant <span class=\"_ _2\"></span>and eq<span class=\"_ _2\"></span>uipm<span class=\"_ _2\"></span>ent w<span class=\"_ _2\"></span><span class=\"ws52\">ere<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls48 ws72\">6.2<span class=\"_ _2\"></span><span class=\"ls6e wsb0\">% </span></span></span></span></span>and <span class=\"ls31 ws53\">5.<span class=\"ls1 ws0\">8<span class=\"_ _1\"></span><span class=\"ls2f ws70\">% fo<span class=\"_ _2\"></span>r <span class=\"ls31 ws53\">202<span class=\"ls1 ws0\">5 <span class=\"_ _1\"></span><span class=\"ls30 ws52\">and <span class=\"ls31 ws53\">202<span class=\"ls1 ws0\">4<span class=\"ls2f ws75\">, respectively</span>. </span></span></span></span></span></span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-604": {
   "value": "8<span class=\"ls71 wsb3\">. Fi<span class=\"_ _2\"></span>nance </span>Expenses <span class=\"ls71 wsb3\">and I<span class=\"_ _2\"></span>ncome<span class=\"_ _2\"></span></span> Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span>(i) <span class=\"ls72 ws32\">Finance exp<span class=\"_ _1\"></span>enses<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>Fina<span class=\"_ _2\"></span>nce <span class=\"_ _2\"></span>expe<span class=\"_ _2\"></span>nses <span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>e rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> in t<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e s<span class=\"_ _2\"></span>tat<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span> as<span class=\"_ _2\"></span> they<span class=\"_ _2\"></span> accr<span class=\"_ _2\"></span>ue<span class=\"_ _2\"></span>, usi<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>he e<span class=\"_ _2\"></span>ffec<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>ve int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st method.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>For f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>ce l<span class=\"_ _2\"></span>eas<span class=\"_ _2\"></span>es,<span class=\"_ _2\"></span> leas<span class=\"_ _2\"></span>e pa<span class=\"_ _2\"></span>yme<span class=\"_ _2\"></span>nts <span class=\"_ _2\"></span>are <span class=\"_ _2\"></span>app<span class=\"_ _2\"></span>ortio<span class=\"_ _2\"></span>ned<span class=\"_ _2\"></span> bet<span class=\"_ _2\"></span>wee<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> fina<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> char<span class=\"_ _2\"></span>ge <span class=\"_ _2\"></span>and t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>red<span class=\"_ _2\"></span>uctio<span class=\"_ _2\"></span>n o<span class=\"_ _2\"></span>f the outstanding liability. The finance charge <span class=\"ls73 wsb5\">is<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">allocate<span class=\"_ _2\"></span>d to<span class=\"_ _2\"></span> e<span class=\"_ _2\"></span>ach pe<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>od dur<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> the l<span class=\"_ _2\"></span>ea<span class=\"_ _2\"></span>se t<span class=\"_ _2\"></span>erm<span class=\"_ _2\"></span> so <span class=\"_ _2\"></span>as to<span class=\"_ _2\"></span> </span></span></span>produce a co<span class=\"_ _2\"></span>nstant periodic<span class=\"_ _2\"></span> rate of intere<span class=\"_ _2\"></span>st on the re<span class=\"_ _2\"></span>maining balan<span class=\"_ _2\"></span>ce of<span class=\"ls1 ws0\"> <span class=\"ls54 ws70\">the liability.<span class=\"_ _195\"> </span></span></span>(ii) Fina<span class=\"_ _2\"></span>nce <span class=\"ls46 ws6f\">in<span class=\"_ _2\"></span>come<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>Finance i<span class=\"_ _2\"></span>ncome is <span class=\"_ _2\"></span>recogni<span class=\"_ _2\"></span>sed in t<span class=\"_ _2\"></span>he inc<span class=\"_ _2\"></span>ome statem<span class=\"_ _2\"></span>ent as i<span class=\"_ _2\"></span>t accr<span class=\"_ _2\"></span>ues, u<span class=\"_ _2\"></span>sing the ef<span class=\"_ _2\"></span>fectiv<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> </span>interest met<span class=\"_ _2\"></span>hod.<table class=\"s w158 h11e\" id=\"_daa2ac76-76c8-4865-9a59-ef3955caf746\"><tr><td></td><td class=\"c x2be y2bd7 w6a h80\"><div class=\"t m0 x197 h82 y1c8b ffad fs3b fc2 sc0 ls19 ws2d\">For<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">the</span> years en<span class=\"_ _2\"></span>ded November <span class=\"ls1b ws2f\">30</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2bd8 w152 h103\"><div class=\"t m0 x245 h82 y29a6 ffad fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2bf h82 y29a6 ffad fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x2c5 h85 y2bd9 ffae fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"t m0 x2c6 h82 y2bd9 ffad fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x246 y2bdb w159 h11f\"><div class=\"t m0 x245 h87 y2bda ffae fs3a fc2 sc0 ls1f ws33\">Finan<span class=\"_ _2\"></span>ce expense<span class=\"_ _2\"></span><span class=\"ls1 ws0\">s<span class=\"_ _1\"></span> <span class=\"ls2c ws5a\">on debt</span> <span class=\"_ _1\"></span><span class=\"ls22 ws34\">and other<span class=\"_ _195\"> </span></span></span></div><div class=\"t m0 x245 h88 y2933 ffad fs3a fc2 sc0 ls24 ws3a\">Interest on loans<span class=\"_ _195\"> </span></div></td><td class=\"c x2a7 y2bdc w20 h86\"><div class=\"t m0 x180 h87 y1bf8 ffae fs3a fc2 sc0 ls21 ws35\">121,<span class=\"_ _2\"></span>216<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bdc w55 h86\"><div class=\"t m0 x181 h88 y1bf8 ffad fs3a fc2 sc0 ls20 ws36\">111,799<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2bdd w69 h8a\"><div class=\"t m0 x0 h88 y1bf6 ffad fs3a fc2 sc0 ls22 ws37\">Amortisa<span class=\"_ _1\"></span>tion of debt issua<span class=\"_ _1\"></span>nce costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2bdd w20 h8a\"><div class=\"t m0 x185 h87 y1bf6 ffae fs3a fc2 sc0 ls21 ws35\">7,65<span class=\"_ _2\"></span>9<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bdd w55 h8a\"><div class=\"t m0 x184 h88 y1bf6 ffad fs3a fc2 sc0 ls20 ws36\">5,132<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2bde w69 ha1\"><div class=\"t m0 x0 h88 y1bf8 ffad fs3a fc2 sc0 ls29 ws44\">Realised<span class=\"ls1 ws0\"> <span class=\"ls1f ws43\">gain</span> <span class=\"ls22 ws37\">on i<span class=\"_ _1\"></span>nterest rate swaps (Note <span class=\"ls20 ws36\">22</span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\">)<span class=\"_ _1\"></span>  </span></span></span></span></div></td><td class=\"c x2a7 y2bde w25 ha1\"><div class=\"t m0 x179 h87 y1bf8 ffae fs3a fc2 sc0 ls21 ws35\">(5,32<span class=\"_ _2\"></span>6)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bde w56 ha1\"><div class=\"t m0 x186 h88 y1bf8 ffad fs3a fc2 sc0 ls20 ws36\">(4,968)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2bdf w69 h86\"><div class=\"t m0 x0 h88 y1bfa ffad fs3a fc2 sc0 ls2a ws5a\">Commit<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> fees<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2bdf w20 h86\"><div class=\"t m0 x185 h87 y1bfa ffae fs3a fc2 sc0 ls21 ws35\">2,55<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bdf w55 h86\"><div class=\"t m0 x184 h88 y1bfa ffad fs3a fc2 sc0 ls20 ws36\">3,053<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be0 w69 h8a\"><div class=\"t m0 x0 h88 y1be0 ffad fs3a fc2 sc0 ls26 ws3d\">Other interest expens<span class=\"_ _1\"></span>e<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2be0 w20 h8a\"><div class=\"t m0 x185 h87 y1be0 ffae fs3a fc2 sc0 ls21 ws35\">3,53<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be0 w55 h8a\"><div class=\"t m0 x193 h88 y1be0 ffad fs3a fc2 sc0 ls20 ws36\">77<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be1 w69 h86\"><div class=\"t m0 x0 h88 y1bde ffad fs3a fc2 sc0 ls26 ws3d\">Total interest expen<span class=\"_ _1\"></span>se<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2be1 w20 h86\"><div class=\"t m0 x180 h87 y1bde ffae fs3a fc2 sc0 ls21 ws35\">129,<span class=\"_ _2\"></span>632<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be1 w55 h86\"><div class=\"t m0 x181 h88 y1bde ffad fs3a fc2 sc0 ls20 ws36\">115,093<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be2 w69 h86\"><div class=\"t m0 x0 h88 y1c05 ffad fs3a fc2 sc0 ls24 ws3a\">Less interest capitalised to property, <span class=\"_ _2\"></span>plant and equipment<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2be2 w25 h86\"><div class=\"t m0 x179 h87 y1c05 ffae fs3a fc2 sc0 ls21 ws35\">(8,28<span class=\"_ _2\"></span>7)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be2 w56 h86\"><div class=\"t m0 x186 h88 y1c05 ffad fs3a fc2 sc0 ls20 ws36\">(3,092)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2a7 y2be3 w20 h8c\"><div class=\"t m0 x180 h87 y1be6 ffae fs3a fc2 sc0 ls21 ws35\">121,<span class=\"_ _2\"></span>345<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be3 w55 h8c\"><div class=\"t m0 x181 h88 y1be6 ffad fs3a fc2 sc0 ls20 ws36\">112,001<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be4 w69 h86\"><div class=\"t m0 x0 h87 y1be2 ffae fs3a fc2 sc0 ls1f ws33\">Finan<span class=\"_ _2\"></span>ce expense<span class=\"_ _2\"></span><span class=\"ls1 ws0\">s<span class=\"_ _1\"></span> <span class=\"ls2c ws5a\">on lease liabilities</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x241 y2be5 w69 h8a\"><div class=\"t m0 x0 h88 y1c18 ffad fs3a fc2 sc0 ls29 ws42\">Intere<span class=\"_ _2\"></span>st on lease<span class=\"_ _2\"></span> liabilities<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2be5 w20 h8a\"><div class=\"t m0 x179 h87 y1c18 ffae fs3a fc2 sc0 ls23 ws39\">19,412<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be5 w55 h8a\"><div class=\"t m0 x183 h88 y1c18 ffad fs3a fc2 sc0 ls20 ws36\">14,177<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be6 w69 h86\"><div class=\"t m0 x0 h87 y1be8 ffae fs3a fc2 sc0 ls25 ws4d\">Finance income<span class=\"ffb1 ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x241 y2be7 w69 h8b\"><div class=\"t m0 x0 h88 y1fc9 ffad fs3a fc2 sc0 ls24 ws3a\">Interest from joint ventures<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2be7 w20 h8b\"><div class=\"t m0 x185 h87 y1fc9 ffae fs3a fc2 sc0 ls21 ws35\">3,24<span class=\"_ _2\"></span>9<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be7 w55 h8b\"><div class=\"t m0 x184 h88 y1fc9 ffad fs3a fc2 sc0 ls20 ws36\">4,135<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be8 w69 h8a\"><div class=\"t m0 x0 h88 y1bec ffad fs3a fc2 sc0 ls24 ws3a\">Interest on b<span class=\"ls25 ws3c\">ank deposits</span><span class=\"ls25 ws3c\"> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2a7 y2be8 w20 h8a\"><div class=\"t m0 x185 h87 y1bec ffae fs3a fc2 sc0 ls21 ws35\">3,95<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be8 w55 h8a\"><div class=\"t m0 x183 h88 y1bec ffad fs3a fc2 sc0 ls20 ws36\">12,000<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be9 w69 h86\"><div class=\"t m0 x0 h88 y1bf4 ffad fs3a fc2 sc0 ls2a ws45\">Othe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2be9 w20 h86\"><div class=\"t m0 x193 h87 y1bf4 ffae fs3a fc2 sc0 ls27 ws3f\">80<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be9 w55 h86\"><div class=\"t m0 x1a0 h88 y1bf4 ffad fs3a fc2 sc0 ls20 ws36\">123<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2a7 y2bea w20 h86\"><div class=\"t m0 x185 h87 y1bef ffae fs3a fc2 sc0 ls21 ws35\">7,28<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bea w55 h86\"><div class=\"t m0 x183 h88 y1bef ffad fs3a fc2 sc0 ls20 ws36\">16,258<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>The ave<span class=\"_ _2\"></span>rage int<span class=\"_ _2\"></span>eres<span class=\"_ _2\"></span>t rate<span class=\"ls1 ws0\">s </span><span class=\"ws50\">used t<span class=\"_ _2\"></span>o capi<span class=\"_ _2\"></span>tali<span class=\"_ _2\"></span>se in<span class=\"_ _2\"></span>tere<span class=\"_ _2\"></span>st t<span class=\"_ _2\"></span>o prop<span class=\"_ _2\"></span>erty<span class=\"_ _2\"></span>, p<span class=\"_ _2\"></span>lant <span class=\"_ _2\"></span>and eq<span class=\"_ _2\"></span>uipm<span class=\"_ _2\"></span>ent w<span class=\"_ _2\"></span><span class=\"ws52\">ere<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls48 ws72\">6.2<span class=\"_ _2\"></span><span class=\"ls6e wsb0\">% </span></span></span></span></span>and <span class=\"ls31 ws53\">5.<span class=\"ls1 ws0\">8<span class=\"_ _1\"></span><span class=\"ls2f ws70\">% fo<span class=\"_ _2\"></span>r <span class=\"ls31 ws53\">202<span class=\"ls1 ws0\">5 <span class=\"_ _1\"></span><span class=\"ls30 ws52\">and <span class=\"ls31 ws53\">202<span class=\"ls1 ws0\">4<span class=\"ls2f ws75\">, respectively</span>. </span></span></span></span></span></span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-577": {
   "value": "8<span class=\"ls71 wsb3\">. Fi<span class=\"_ _2\"></span>nance </span>Expenses <span class=\"ls71 wsb3\">and I<span class=\"_ _2\"></span>ncome<span class=\"_ _2\"></span></span> Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span>(i) <span class=\"ls72 ws32\">Finance exp<span class=\"_ _1\"></span>enses<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>Fina<span class=\"_ _2\"></span>nce <span class=\"_ _2\"></span>expe<span class=\"_ _2\"></span>nses <span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>e rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> in t<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e s<span class=\"_ _2\"></span>tat<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span> as<span class=\"_ _2\"></span> they<span class=\"_ _2\"></span> accr<span class=\"_ _2\"></span>ue<span class=\"_ _2\"></span>, usi<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>he e<span class=\"_ _2\"></span>ffec<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>ve int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st method.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>For f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>ce l<span class=\"_ _2\"></span>eas<span class=\"_ _2\"></span>es,<span class=\"_ _2\"></span> leas<span class=\"_ _2\"></span>e pa<span class=\"_ _2\"></span>yme<span class=\"_ _2\"></span>nts <span class=\"_ _2\"></span>are <span class=\"_ _2\"></span>app<span class=\"_ _2\"></span>ortio<span class=\"_ _2\"></span>ned<span class=\"_ _2\"></span> bet<span class=\"_ _2\"></span>wee<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> fina<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> char<span class=\"_ _2\"></span>ge <span class=\"_ _2\"></span>and t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>red<span class=\"_ _2\"></span>uctio<span class=\"_ _2\"></span>n o<span class=\"_ _2\"></span>f the outstanding liability. The finance charge <span class=\"ls73 wsb5\">is<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">allocate<span class=\"_ _2\"></span>d to<span class=\"_ _2\"></span> e<span class=\"_ _2\"></span>ach pe<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>od dur<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> the l<span class=\"_ _2\"></span>ea<span class=\"_ _2\"></span>se t<span class=\"_ _2\"></span>erm<span class=\"_ _2\"></span> so <span class=\"_ _2\"></span>as to<span class=\"_ _2\"></span> </span></span></span>produce a co<span class=\"_ _2\"></span>nstant periodic<span class=\"_ _2\"></span> rate of intere<span class=\"_ _2\"></span>st on the re<span class=\"_ _2\"></span>maining balan<span class=\"_ _2\"></span>ce of<span class=\"ls1 ws0\"> <span class=\"ls54 ws70\">the liability.<span class=\"_ _195\"> </span></span></span>(ii) Fina<span class=\"_ _2\"></span>nce <span class=\"ls46 ws6f\">in<span class=\"_ _2\"></span>come<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>Finance i<span class=\"_ _2\"></span>ncome is <span class=\"_ _2\"></span>recogni<span class=\"_ _2\"></span>sed in t<span class=\"_ _2\"></span>he inc<span class=\"_ _2\"></span>ome statem<span class=\"_ _2\"></span>ent as i<span class=\"_ _2\"></span>t accr<span class=\"_ _2\"></span>ues, u<span class=\"_ _2\"></span>sing the ef<span class=\"_ _2\"></span>fectiv<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> </span>interest met<span class=\"_ _2\"></span>hod.<table class=\"s w158 h11e\" id=\"_daa2ac76-76c8-4865-9a59-ef3955caf746\"><tr><td></td><td class=\"c x2be y2bd7 w6a h80\"><div class=\"t m0 x197 h82 y1c8b ffad fs3b fc2 sc0 ls19 ws2d\">For<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">the</span> years en<span class=\"_ _2\"></span>ded November <span class=\"ls1b ws2f\">30</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2bd8 w152 h103\"><div class=\"t m0 x245 h82 y29a6 ffad fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2bf h82 y29a6 ffad fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x2c5 h85 y2bd9 ffae fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"t m0 x2c6 h82 y2bd9 ffad fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x246 y2bdb w159 h11f\"><div class=\"t m0 x245 h87 y2bda ffae fs3a fc2 sc0 ls1f ws33\">Finan<span class=\"_ _2\"></span>ce expense<span class=\"_ _2\"></span><span class=\"ls1 ws0\">s<span class=\"_ _1\"></span> <span class=\"ls2c ws5a\">on debt</span> <span class=\"_ _1\"></span><span class=\"ls22 ws34\">and other<span class=\"_ _195\"> </span></span></span></div><div class=\"t m0 x245 h88 y2933 ffad fs3a fc2 sc0 ls24 ws3a\">Interest on loans<span class=\"_ _195\"> </span></div></td><td class=\"c x2a7 y2bdc w20 h86\"><div class=\"t m0 x180 h87 y1bf8 ffae fs3a fc2 sc0 ls21 ws35\">121,<span class=\"_ _2\"></span>216<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bdc w55 h86\"><div class=\"t m0 x181 h88 y1bf8 ffad fs3a fc2 sc0 ls20 ws36\">111,799<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2bdd w69 h8a\"><div class=\"t m0 x0 h88 y1bf6 ffad fs3a fc2 sc0 ls22 ws37\">Amortisa<span class=\"_ _1\"></span>tion of debt issua<span class=\"_ _1\"></span>nce costs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2bdd w20 h8a\"><div class=\"t m0 x185 h87 y1bf6 ffae fs3a fc2 sc0 ls21 ws35\">7,65<span class=\"_ _2\"></span>9<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bdd w55 h8a\"><div class=\"t m0 x184 h88 y1bf6 ffad fs3a fc2 sc0 ls20 ws36\">5,132<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2bde w69 ha1\"><div class=\"t m0 x0 h88 y1bf8 ffad fs3a fc2 sc0 ls29 ws44\">Realised<span class=\"ls1 ws0\"> <span class=\"ls1f ws43\">gain</span> <span class=\"ls22 ws37\">on i<span class=\"_ _1\"></span>nterest rate swaps (Note <span class=\"ls20 ws36\">22</span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\">)<span class=\"_ _1\"></span>  </span></span></span></span></div></td><td class=\"c x2a7 y2bde w25 ha1\"><div class=\"t m0 x179 h87 y1bf8 ffae fs3a fc2 sc0 ls21 ws35\">(5,32<span class=\"_ _2\"></span>6)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bde w56 ha1\"><div class=\"t m0 x186 h88 y1bf8 ffad fs3a fc2 sc0 ls20 ws36\">(4,968)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2bdf w69 h86\"><div class=\"t m0 x0 h88 y1bfa ffad fs3a fc2 sc0 ls2a ws5a\">Commit<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> fees<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2bdf w20 h86\"><div class=\"t m0 x185 h87 y1bfa ffae fs3a fc2 sc0 ls21 ws35\">2,55<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bdf w55 h86\"><div class=\"t m0 x184 h88 y1bfa ffad fs3a fc2 sc0 ls20 ws36\">3,053<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be0 w69 h8a\"><div class=\"t m0 x0 h88 y1be0 ffad fs3a fc2 sc0 ls26 ws3d\">Other interest expens<span class=\"_ _1\"></span>e<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2be0 w20 h8a\"><div class=\"t m0 x185 h87 y1be0 ffae fs3a fc2 sc0 ls21 ws35\">3,53<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be0 w55 h8a\"><div class=\"t m0 x193 h88 y1be0 ffad fs3a fc2 sc0 ls20 ws36\">77<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be1 w69 h86\"><div class=\"t m0 x0 h88 y1bde ffad fs3a fc2 sc0 ls26 ws3d\">Total interest expen<span class=\"_ _1\"></span>se<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2be1 w20 h86\"><div class=\"t m0 x180 h87 y1bde ffae fs3a fc2 sc0 ls21 ws35\">129,<span class=\"_ _2\"></span>632<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be1 w55 h86\"><div class=\"t m0 x181 h88 y1bde ffad fs3a fc2 sc0 ls20 ws36\">115,093<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be2 w69 h86\"><div class=\"t m0 x0 h88 y1c05 ffad fs3a fc2 sc0 ls24 ws3a\">Less interest capitalised to property, <span class=\"_ _2\"></span>plant and equipment<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2be2 w25 h86\"><div class=\"t m0 x179 h87 y1c05 ffae fs3a fc2 sc0 ls21 ws35\">(8,28<span class=\"_ _2\"></span>7)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be2 w56 h86\"><div class=\"t m0 x186 h88 y1c05 ffad fs3a fc2 sc0 ls20 ws36\">(3,092)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2a7 y2be3 w20 h8c\"><div class=\"t m0 x180 h87 y1be6 ffae fs3a fc2 sc0 ls21 ws35\">121,<span class=\"_ _2\"></span>345<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be3 w55 h8c\"><div class=\"t m0 x181 h88 y1be6 ffad fs3a fc2 sc0 ls20 ws36\">112,001<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be4 w69 h86\"><div class=\"t m0 x0 h87 y1be2 ffae fs3a fc2 sc0 ls1f ws33\">Finan<span class=\"_ _2\"></span>ce expense<span class=\"_ _2\"></span><span class=\"ls1 ws0\">s<span class=\"_ _1\"></span> <span class=\"ls2c ws5a\">on lease liabilities</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x241 y2be5 w69 h8a\"><div class=\"t m0 x0 h88 y1c18 ffad fs3a fc2 sc0 ls29 ws42\">Intere<span class=\"_ _2\"></span>st on lease<span class=\"_ _2\"></span> liabilities<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2be5 w20 h8a\"><div class=\"t m0 x179 h87 y1c18 ffae fs3a fc2 sc0 ls23 ws39\">19,412<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be5 w55 h8a\"><div class=\"t m0 x183 h88 y1c18 ffad fs3a fc2 sc0 ls20 ws36\">14,177<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be6 w69 h86\"><div class=\"t m0 x0 h87 y1be8 ffae fs3a fc2 sc0 ls25 ws4d\">Finance income<span class=\"ffb1 ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x241 y2be7 w69 h8b\"><div class=\"t m0 x0 h88 y1fc9 ffad fs3a fc2 sc0 ls24 ws3a\">Interest from joint ventures<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2be7 w20 h8b\"><div class=\"t m0 x185 h87 y1fc9 ffae fs3a fc2 sc0 ls21 ws35\">3,24<span class=\"_ _2\"></span>9<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be7 w55 h8b\"><div class=\"t m0 x184 h88 y1fc9 ffad fs3a fc2 sc0 ls20 ws36\">4,135<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be8 w69 h8a\"><div class=\"t m0 x0 h88 y1bec ffad fs3a fc2 sc0 ls24 ws3a\">Interest on b<span class=\"ls25 ws3c\">ank deposits</span><span class=\"ls25 ws3c\"> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2a7 y2be8 w20 h8a\"><div class=\"t m0 x185 h87 y1bec ffae fs3a fc2 sc0 ls21 ws35\">3,95<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be8 w55 h8a\"><div class=\"t m0 x183 h88 y1bec ffad fs3a fc2 sc0 ls20 ws36\">12,000<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2be9 w69 h86\"><div class=\"t m0 x0 h88 y1bf4 ffad fs3a fc2 sc0 ls2a ws45\">Othe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2be9 w20 h86\"><div class=\"t m0 x193 h87 y1bf4 ffae fs3a fc2 sc0 ls27 ws3f\">80<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2be9 w55 h86\"><div class=\"t m0 x1a0 h88 y1bf4 ffad fs3a fc2 sc0 ls20 ws36\">123<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2a7 y2bea w20 h86\"><div class=\"t m0 x185 h87 y1bef ffae fs3a fc2 sc0 ls21 ws35\">7,28<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bea w55 h86\"><div class=\"t m0 x183 h88 y1bef ffad fs3a fc2 sc0 ls20 ws36\">16,258<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>The ave<span class=\"_ _2\"></span>rage int<span class=\"_ _2\"></span>eres<span class=\"_ _2\"></span>t rate<span class=\"ls1 ws0\">s </span><span class=\"ws50\">used t<span class=\"_ _2\"></span>o capi<span class=\"_ _2\"></span>tali<span class=\"_ _2\"></span>se in<span class=\"_ _2\"></span>tere<span class=\"_ _2\"></span>st t<span class=\"_ _2\"></span>o prop<span class=\"_ _2\"></span>erty<span class=\"_ _2\"></span>, p<span class=\"_ _2\"></span>lant <span class=\"_ _2\"></span>and eq<span class=\"_ _2\"></span>uipm<span class=\"_ _2\"></span>ent w<span class=\"_ _2\"></span><span class=\"ws52\">ere<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls48 ws72\">6.2<span class=\"_ _2\"></span><span class=\"ls6e wsb0\">% </span></span></span></span></span>and <span class=\"ls31 ws53\">5.<span class=\"ls1 ws0\">8<span class=\"_ _1\"></span><span class=\"ls2f ws70\">% fo<span class=\"_ _2\"></span>r <span class=\"ls31 ws53\">202<span class=\"ls1 ws0\">5 <span class=\"_ _1\"></span><span class=\"ls30 ws52\">and <span class=\"ls31 ws53\">202<span class=\"ls1 ws0\">4<span class=\"ls2f ws75\">, respectively</span>. </span></span></span></span></span></span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-671": {
   "value": "Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span>(i) <span class=\"ls72 ws32\">Finance exp<span class=\"_ _1\"></span>enses<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>Fina<span class=\"_ _2\"></span>nce <span class=\"_ _2\"></span>expe<span class=\"_ _2\"></span>nses <span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>e rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> in t<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e s<span class=\"_ _2\"></span>tat<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span> as<span class=\"_ _2\"></span> they<span class=\"_ _2\"></span> accr<span class=\"_ _2\"></span>ue<span class=\"_ _2\"></span>, usi<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>he e<span class=\"_ _2\"></span>ffec<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>ve int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st method.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>For f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>ce l<span class=\"_ _2\"></span>eas<span class=\"_ _2\"></span>es,<span class=\"_ _2\"></span> leas<span class=\"_ _2\"></span>e pa<span class=\"_ _2\"></span>yme<span class=\"_ _2\"></span>nts <span class=\"_ _2\"></span>are <span class=\"_ _2\"></span>app<span class=\"_ _2\"></span>ortio<span class=\"_ _2\"></span>ned<span class=\"_ _2\"></span> bet<span class=\"_ _2\"></span>wee<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> fina<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> char<span class=\"_ _2\"></span>ge <span class=\"_ _2\"></span>and t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>red<span class=\"_ _2\"></span>uctio<span class=\"_ _2\"></span>n o<span class=\"_ _2\"></span>f the outstanding liability. The finance charge <span class=\"ls73 wsb5\">is<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">allocate<span class=\"_ _2\"></span>d to<span class=\"_ _2\"></span> e<span class=\"_ _2\"></span>ach pe<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>od dur<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> the l<span class=\"_ _2\"></span>ea<span class=\"_ _2\"></span>se t<span class=\"_ _2\"></span>erm<span class=\"_ _2\"></span> so <span class=\"_ _2\"></span>as to<span class=\"_ _2\"></span> </span></span></span>produce a co<span class=\"_ _2\"></span>nstant periodic<span class=\"_ _2\"></span> rate of intere<span class=\"_ _2\"></span>st on the re<span class=\"_ _2\"></span>maining balan<span class=\"_ _2\"></span>ce of<span class=\"ls1 ws0\"> <span class=\"ls54 ws70\">the liability.<span class=\"_ _195\"> </span></span></span>(ii) Fina<span class=\"_ _2\"></span>nce <span class=\"ls46 ws6f\">in<span class=\"_ _2\"></span>come<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>Finance i<span class=\"_ _2\"></span>ncome is <span class=\"_ _2\"></span>recogni<span class=\"_ _2\"></span>sed in t<span class=\"_ _2\"></span>he inc<span class=\"_ _2\"></span>ome statem<span class=\"_ _2\"></span>ent as i<span class=\"_ _2\"></span>t accr<span class=\"_ _2\"></span>ues, u<span class=\"_ _2\"></span>sing the ef<span class=\"_ _2\"></span>fectiv<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> </span>interest met<span class=\"_ _2\"></span>hod.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-690": {
   "value": "(i) <span class=\"ls72 ws32\">Finance exp<span class=\"_ _1\"></span>enses<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>Fina<span class=\"_ _2\"></span>nce <span class=\"_ _2\"></span>expe<span class=\"_ _2\"></span>nses <span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>e rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> in t<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e s<span class=\"_ _2\"></span>tat<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span> as<span class=\"_ _2\"></span> they<span class=\"_ _2\"></span> accr<span class=\"_ _2\"></span>ue<span class=\"_ _2\"></span>, usi<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>he e<span class=\"_ _2\"></span>ffec<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>ve int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st method.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>For f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>ce l<span class=\"_ _2\"></span>eas<span class=\"_ _2\"></span>es,<span class=\"_ _2\"></span> leas<span class=\"_ _2\"></span>e pa<span class=\"_ _2\"></span>yme<span class=\"_ _2\"></span>nts <span class=\"_ _2\"></span>are <span class=\"_ _2\"></span>app<span class=\"_ _2\"></span>ortio<span class=\"_ _2\"></span>ned<span class=\"_ _2\"></span> bet<span class=\"_ _2\"></span>wee<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> fina<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> char<span class=\"_ _2\"></span>ge <span class=\"_ _2\"></span>and t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>red<span class=\"_ _2\"></span>uctio<span class=\"_ _2\"></span>n o<span class=\"_ _2\"></span>f the outstanding liability. The finance charge <span class=\"ls73 wsb5\">is<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">allocate<span class=\"_ _2\"></span>d to<span class=\"_ _2\"></span> e<span class=\"_ _2\"></span>ach pe<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>od dur<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> the l<span class=\"_ _2\"></span>ea<span class=\"_ _2\"></span>se t<span class=\"_ _2\"></span>erm<span class=\"_ _2\"></span> so <span class=\"_ _2\"></span>as to<span class=\"_ _2\"></span> </span></span></span>produce a co<span class=\"_ _2\"></span>nstant periodic<span class=\"_ _2\"></span> rate of intere<span class=\"_ _2\"></span>st on the re<span class=\"_ _2\"></span>maining balan<span class=\"_ _2\"></span>ce of<span class=\"ls1 ws0\"> <span class=\"ls54 ws70\">the liability.<span class=\"_ _195\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-659": {
   "value": "For<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">the</span> years en<span class=\"_ _2\"></span>ded November <span class=\"ls1b ws2f\">30</span></span><span class=\"ls1 ws0\"> </span>(<span class=\"_ _195\"> </span>in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span>2025<span class=\"_ _195\"> </span>2024<span class=\"_ _195\"> </span>Finan<span class=\"_ _2\"></span>ce expense<span class=\"_ _2\"></span><span class=\"ls1 ws0\">s<span class=\"_ _1\"></span> <span class=\"ls2c ws5a\">on debt</span> <span class=\"_ _1\"></span><span class=\"ls22 ws34\">and other<span class=\"_ _195\"> </span></span></span>Interest on loans<span class=\"_ _195\"> </span>121,<span class=\"_ _2\"></span>216<span class=\"ls1 ws0\"> </span>111,799<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Amortisa<span class=\"_ _1\"></span>tion of debt issua<span class=\"_ _1\"></span>nce costs<span class=\"ls1 ws0\"> </span>7,65<span class=\"_ _2\"></span>9<span class=\"ls1 ws0\"> </span>5,132<span class=\"ls1 ws0\"> </span>Realised<span class=\"ls1 ws0\"> <span class=\"ls1f ws43\">gain</span> <span class=\"ls22 ws37\">on i<span class=\"_ _1\"></span>nterest rate swaps (Note <span class=\"ls20 ws36\">22</span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\">)<span class=\"_ _1\"></span>  </span></span></span></span>(5,32<span class=\"_ _2\"></span>6)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>(4,968)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Commit<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> fees<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>2,55<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span>3,053<span class=\"ls1 ws0\"> </span>Other interest expens<span class=\"_ _1\"></span>e<span class=\"ls1 ws0\"> </span>3,53<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\"> </span>77<span class=\"ls1 ws0\"> </span>Total interest expen<span class=\"_ _1\"></span>se<span class=\"ls1 ws0\"> </span>129,<span class=\"_ _2\"></span>632<span class=\"ls1 ws0\"> </span>115,093<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Less interest capitalised to property, <span class=\"_ _2\"></span>plant and equipment<span class=\"ls1 ws0\"> </span>(8,28<span class=\"_ _2\"></span>7)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>(3,092)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>121,<span class=\"_ _2\"></span>345<span class=\"ls1 ws0\"> </span>112,001",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingCostsExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-578": {
   "value": "9.<span class=\"ls1 ws0\"> <span class=\"ls71 wsb3\">Income <span class=\"ls1b ws2f\">Tax</span></span>  </span>Acc<span class=\"_ _3\"></span>ounti<span class=\"_ _1\"></span>ng <span class=\"ls1 ws0\">p<span class=\"_ _1\"></span><span class=\"ls6d wsa9\">olic<span class=\"_ _1\"></span>y<span class=\"ls1 ws0\"> </span></span></span>Income tax repre<span class=\"_ _2\"></span>sents the <span class=\"_ _2\"></span>sum of current ta<span class=\"_ _2\"></span>x and deferred t<span class=\"_ _2\"></span>ax. Inc<span class=\"_ _2\"></span>ome tax is rec<span class=\"_ _2\"></span>ognised in th<span class=\"_ _2\"></span>e income statement except to<span class=\"_ _2\"></span> the extent that it<span class=\"_ _2\"></span> relates <span class=\"ls5d ws92\">to<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls4c ws74\">ite<span class=\"_ _2\"></span>ms r<span class=\"ls48 ws32\">ec<span class=\"_ _2\"></span>ognised dir<span class=\"_ _2\"></span>ectly i<span class=\"_ _2\"></span>n equity <span class=\"_ _2\"></span>or o<span class=\"ls4b ws77\">t<span class=\"_ _2\"></span>her </span></span></span></span></span>comprehensive in<span class=\"_ _2\"></span>come, in which <span class=\"_ _2\"></span>case <span class=\"ls49 wsaa\">t<span class=\"_ _2\"></span>he t<span class=\"_ _2\"></span>ax tr<span class=\"_ _2\"></span>eatm<span class=\"_ _2\"></span>ent f<span class=\"_ _2\"></span>ol<span class=\"_ _2\"></span>lows<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e acc<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> tre<span class=\"_ _2\"></span>atme<span class=\"_ _2\"></span>nt f<span class=\"_ _2\"></span>or t<span class=\"_ _2\"></span>he </span>under<span class=\"_ _2\"></span>lyi<span class=\"_ _2\"></span>ng<span class=\"ls1 ws0\"> <span class=\"ls48 ws72\">item</span>. </span>Curre<span class=\"_ _2\"></span>nt t<span class=\"_ _2\"></span>ax i<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>he s<span class=\"_ _2\"></span>um of<span class=\"_ _2\"></span> tax<span class=\"_ _2\"></span> pay<span class=\"_ _2\"></span>able i<span class=\"_ _2\"></span>n <span class=\"_ _2\"></span>resp<span class=\"_ _2\"></span>ect <span class=\"_ _2\"></span>of t<span class=\"_ _2\"></span>he t<span class=\"_ _2\"></span>axab<span class=\"_ _2\"></span>le p<span class=\"_ _2\"></span>rof<span class=\"_ _2\"></span>it f<span class=\"_ _2\"></span>or t<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>nt y<span class=\"_ _2\"></span>ear<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> any<span class=\"_ _2\"></span> adjust<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>t to<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>ax pay<span class=\"_ _2\"></span>abl<span class=\"_ _2\"></span>e in <span class=\"_ _2\"></span>resp<span class=\"_ _2\"></span>ect<span class=\"_ _2\"></span> of p<span class=\"_ _2\"></span>revi<span class=\"_ _2\"></span>ous<span class=\"_ _2\"></span> year<span class=\"_ _2\"></span>s. T<span class=\"_ _2\"></span>ax<span class=\"_ _2\"></span>able i<span class=\"_ _2\"></span>nc<span class=\"_ _2\"></span>ome di<span class=\"_ _2\"></span>ffer<span class=\"_ _2\"></span>s f<span class=\"_ _2\"></span>rom p<span class=\"_ _2\"></span>rof<span class=\"_ _2\"></span>it <span class=\"_ _2\"></span>as re<span class=\"_ _2\"></span>por<span class=\"_ _2\"></span>ted<span class=\"_ _2\"></span> in t<span class=\"_ _2\"></span>he inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent b<span class=\"_ _2\"></span>ec<span class=\"_ _2\"></span>ause<span class=\"_ _2\"></span> it exc<span class=\"_ _2\"></span>lud<span class=\"_ _2\"></span>es it<span class=\"_ _2\"></span>em<span class=\"_ _2\"></span>s of <span class=\"_ _2\"></span>inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> or e<span class=\"_ _2\"></span>xpe<span class=\"_ _2\"></span>nse t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> are <span class=\"_ _2\"></span>tax<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span> or<span class=\"_ _2\"></span> deductible in <span class=\"_ _2\"></span>other years a<span class=\"_ _2\"></span>nd items t<span class=\"_ _2\"></span>hat are never t<span class=\"_ _2\"></span>axable or de<span class=\"_ _2\"></span>ductible. The <span class=\"_ _2\"></span>Group\u2019s liabilit<span class=\"_ _2\"></span>y for curre<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span> tax i<span class=\"_ _2\"></span>s c<span class=\"_ _2\"></span>alcul<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> usi<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>ax<span class=\"_ _2\"></span> rat<span class=\"_ _2\"></span>es t<span class=\"_ _2\"></span>hat <span class=\"_ _2\"></span>have<span class=\"_ _2\"></span> bee<span class=\"_ _2\"></span>n en<span class=\"_ _2\"></span>acte<span class=\"_ _2\"></span>d or<span class=\"_ _2\"></span> sub<span class=\"_ _2\"></span>stant<span class=\"_ _2\"></span>ive<span class=\"_ _2\"></span>ly e<span class=\"_ _2\"></span>nac<span class=\"_ _2\"></span>ted b<span class=\"_ _2\"></span>y t<span class=\"_ _2\"></span>he bala<span class=\"_ _2\"></span>nce s<span class=\"_ _2\"></span>hee<span class=\"_ _2\"></span>t dat<span class=\"_ _2\"></span>e.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The Group oper<span class=\"_ _2\"></span>ates in many t<span class=\"_ _2\"></span>erritories with<span class=\"_ _2\"></span> complex and <span class=\"_ _2\"></span>varied tax sy<span class=\"_ _2\"></span>stems.<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">Management<span class=\"_ _2\"></span> exercis<span class=\"_ _2\"></span>es </span></span>judge<span class=\"_ _2\"></span>me<span class=\"_ _2\"></span>nt in r<span class=\"_ _2\"></span>el<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> leve<span class=\"_ _2\"></span>l <span class=\"_ _2\"></span>of<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">provision required i<span class=\"_ _2\"></span>n respect <span class=\"_ _2\"></span>of uncert<span class=\"_ _2\"></span>ain tax positi<span class=\"_ _2\"></span>ons. For </span></span>po<span class=\"_ _1\"></span>sit<span class=\"_ _1\"></span>ions<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>no<span class=\"_ _1\"></span>t agr<span class=\"_ _1\"></span>eed w<span class=\"_ _1\"></span>ith ta<span class=\"_ _1\"></span>x auth<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ities<span class=\"_ _1\"></span> whe<span class=\"_ _1\"></span>re dif<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>ent in<span class=\"_ _1\"></span>terp<span class=\"_ _1\"></span>reta<span class=\"_ _1\"></span>tion<span class=\"_ _1\"></span>s of<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls54 ws70\">legislation could lead to </span></span>a<span class=\"_ _1\"></span> <span class=\"ls49 wsaa\">rang<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> outc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span>s, j<span class=\"_ _2\"></span>udge<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e mad<span class=\"_ _2\"></span>e f<span class=\"_ _2\"></span>or e<span class=\"_ _2\"></span>ach<span class=\"_ _2\"></span> posi<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>on co<span class=\"_ _2\"></span>nsi<span class=\"_ _2\"></span>deri<span class=\"_ _2\"></span>ng p<span class=\"_ _2\"></span>artic<span class=\"_ _2\"></span>ul<span class=\"_ _2\"></span>ar ci<span class=\"_ _2\"></span>rcu<span class=\"_ _2\"></span>mst<span class=\"_ _2\"></span>ances<span class=\"_ _2\"></span> </span>and advi<span class=\"_ _2\"></span>ce<span class=\"_ _2\"></span> obtai<span class=\"_ _2\"></span>ned.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Deferred t<span class=\"_ _2\"></span>ax is t<span class=\"_ _2\"></span>he tax<span class=\"_ _2\"></span> expected t<span class=\"_ _2\"></span>o be pa<span class=\"_ _2\"></span>yable or<span class=\"_ _2\"></span> reco<span class=\"_ _2\"></span>verable o<span class=\"_ _2\"></span>n tempor<span class=\"_ _2\"></span>ary diffe<span class=\"_ _2\"></span>rences bet<span class=\"_ _2\"></span>ween t<span class=\"_ _2\"></span>he carryi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> amo<span class=\"_ _2\"></span>unt<span class=\"_ _2\"></span>s of a<span class=\"_ _2\"></span>sse<span class=\"_ _2\"></span>ts <span class=\"_ _2\"></span>and l<span class=\"_ _2\"></span>iab<span class=\"_ _2\"></span>ilit<span class=\"_ _2\"></span>ie<span class=\"_ _2\"></span>s for<span class=\"_ _2\"></span> fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al r<span class=\"_ _2\"></span>epor<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>ng p<span class=\"_ _2\"></span>urpo<span class=\"_ _2\"></span>ses <span class=\"_ _2\"></span>and t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>corr<span class=\"_ _2\"></span>esp<span class=\"_ _2\"></span>ondi<span class=\"_ _2\"></span>ng amou<span class=\"_ _2\"></span>nts u<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> in t<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>alc<span class=\"_ _2\"></span>ulati<span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>of t<span class=\"_ _2\"></span>axabl<span class=\"_ _2\"></span>e i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e. T<span class=\"_ _2\"></span>he f<span class=\"_ _2\"></span>oll<span class=\"_ _2\"></span><span class=\"ls2f ws2f\">owing <span class=\"_ _2\"></span>temporary differe<span class=\"_ _2\"></span>nces are not </span>provid<span class=\"_ _2\"></span>ed for<span class=\"_ _2\"></span><span class=\"ls1\">: <span class=\"_ _1\"></span><span class=\"ls54 ws70\">the initial recognition of goodwill for<span class=\"_ _2\"></span> which no tax deduction is a<span class=\"_ _2\"></span>vailable<span class=\"ls1 ws0\">; <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">the i<span class=\"_ _2\"></span>nit<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> </span></span></span></span>recog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> asset<span class=\"_ _2\"></span>s or li<span class=\"_ _2\"></span>abi<span class=\"_ _2\"></span>liti<span class=\"_ _2\"></span>es that<span class=\"_ _2\"></span> affe<span class=\"_ _2\"></span>ct<span class=\"_ _2\"></span> neit<span class=\"_ _2\"></span>her acc<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> nor<span class=\"_ _2\"></span> taxabl<span class=\"_ _2\"></span>e prof<span class=\"_ _2\"></span>it ot<span class=\"_ _2\"></span>her t<span class=\"_ _2\"></span>han<span class=\"_ _2\"></span> in a busi<span class=\"_ _2\"></span>ness<span class=\"_ _2\"></span> comb<span class=\"_ _2\"></span>i<span class=\"ws78\">n<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\">; <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">a<span class=\"_ _2\"></span>nd dif<span class=\"_ _2\"></span>fer<span class=\"_ _2\"></span>ence<span class=\"_ _2\"></span>s re<span class=\"_ _2\"></span>lati<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>o in<span class=\"_ _2\"></span>vest<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s in<span class=\"_ _2\"></span> sub<span class=\"_ _2\"></span>sidi<span class=\"_ _2\"></span>arie<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> ve<span class=\"_ _2\"></span>nture<span class=\"_ _2\"></span>s if<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></span></span></span>it is prob<span class=\"_ _2\"></span>able t<span class=\"_ _2\"></span>hat the<span class=\"_ _2\"></span> tempora<span class=\"_ _2\"></span>ry diff<span class=\"_ _2\"></span>erence will<span class=\"_ _2\"></span> not re<span class=\"_ _2\"></span>verse i<span class=\"_ _2\"></span>n the fores<span class=\"_ _2\"></span>eeable f<span class=\"_ _2\"></span>uture <span class=\"_ _2\"></span>and the<span class=\"_ _2\"></span> Group can control t<span class=\"_ _2\"></span>he reversal. T<span class=\"_ _2\"></span>he amount of <span class=\"_ _2\"></span>deferred t<span class=\"_ _2\"></span>ax provided is b<span class=\"_ _2\"></span>ased on t<span class=\"_ _2\"></span>he expected m<span class=\"_ _2\"></span>anner of realisati<span class=\"_ _2\"></span>on or set<span class=\"_ _2\"></span>tlement<span class=\"_ _2\"></span> of<span class=\"ls1 ws0\"> <span class=\"ls49 ws7c\">the ca<span class=\"_ _2\"></span>rryi<span class=\"_ _2\"></span>ng am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> of asse<span class=\"_ _2\"></span>ts a<span class=\"_ _2\"></span>nd liab<span class=\"_ _2\"></span>il<span class=\"_ _2\"></span>itie<span class=\"_ _2\"></span>s, usi<span class=\"_ _2\"></span>ng tax<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span>s enact<span class=\"_ _2\"></span>ed o<span class=\"_ _2\"></span>r </span></span>subst<span class=\"_ _2\"></span>anti<span class=\"_ _2\"></span>vely<span class=\"_ _2\"></span> e<span class=\"_ _2\"></span>nacte<span class=\"_ _2\"></span>d at<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e bal<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> <span class=\"ls48 ws72\">sheet<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>date.<span class=\"ls1 ws0\"> </span></span>The car<span class=\"_ _2\"></span>ryi<span class=\"_ _2\"></span>ng amo<span class=\"_ _2\"></span>unt<span class=\"_ _2\"></span> of defer<span class=\"_ _2\"></span>red<span class=\"_ _2\"></span> tax as<span class=\"_ _2\"></span>sets<span class=\"_ _2\"></span> is revi<span class=\"_ _2\"></span>ewe<span class=\"_ _2\"></span>d at eac<span class=\"_ _2\"></span>h bal<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> sheet<span class=\"_ _2\"></span> date<span class=\"_ _2\"></span> and rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> only<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he ex<span class=\"_ _2\"></span>tent<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>hat i<span class=\"_ _2\"></span>t i<span class=\"_ _2\"></span>s pr<span class=\"_ _2\"></span>obab<span class=\"_ _2\"></span>le th<span class=\"_ _2\"></span>at s<span class=\"_ _2\"></span>uff<span class=\"_ _2\"></span>icie<span class=\"_ _2\"></span>nt f<span class=\"_ _2\"></span>utur<span class=\"_ _2\"></span>e t<span class=\"_ _2\"></span>axabl<span class=\"_ _2\"></span>e i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e wi<span class=\"_ _2\"></span>ll b<span class=\"_ _2\"></span>e av<span class=\"_ _2\"></span>ail<span class=\"_ _2\"></span>able <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>all<span class=\"_ _2\"></span>ow th<span class=\"_ _2\"></span>e asset to be utilis<span class=\"_ _2\"></span>ed based on <span class=\"ls1 ws0\">B<span class=\"ls2f ws4e\">oard</span>-<span class=\"_ _1\"></span><span class=\"ls49 wsaa\">ap<span class=\"_ _2\"></span>pro<span class=\"_ _2\"></span>ved<span class=\"_ _2\"></span> budg<span class=\"_ _2\"></span>ets<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> up<span class=\"ls1 ws0\">-<span class=\"ls61 ws89\">to</span>-</span>date e<span class=\"_ _2\"></span>xpect<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span> of f<span class=\"_ _2\"></span>utur<span class=\"_ _2\"></span>e t<span class=\"_ _2\"></span>radi<span class=\"_ _2\"></span>ng.<span class=\"_ _2\"></span> </span></span>Deferred t<span class=\"_ _2\"></span>ax asset<span class=\"_ _2\"></span>s and li<span class=\"_ _2\"></span>abiliti<span class=\"_ _2\"></span>es are <span class=\"_ _2\"></span>offset w<span class=\"_ _2\"></span>hen ther<span class=\"_ _2\"></span>e is <span class=\"_ _2\"></span>a legally<span class=\"_ _2\"></span> enforc<span class=\"_ _2\"></span>eable rig<span class=\"_ _2\"></span>ht to <span class=\"_ _2\"></span>set off<span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">and<span class=\"_ _2\"></span> </span></span>where<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">balance<span class=\"_ _2\"></span>s rel<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> sam<span class=\"_ _2\"></span>e tax<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>auth<span class=\"_ _2\"></span>ority<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> Curr<span class=\"_ _2\"></span>ent t<span class=\"_ _2\"></span>ax <span class=\"_ _2\"></span>asset<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>are se<span class=\"_ _2\"></span>t of<span class=\"_ _2\"></span>f <span class=\"_ _2\"></span>again<span class=\"_ _2\"></span>st </span></span>curren<span class=\"ls49 wsaa\">t tax<span class=\"_ _2\"></span> li<span class=\"_ _2\"></span>abili<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>es w<span class=\"_ _2\"></span>hen t<span class=\"_ _2\"></span>hey<span class=\"_ _2\"></span> re<span class=\"_ _2\"></span>late t<span class=\"_ _2\"></span>o i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e tax<span class=\"_ _2\"></span>es l<span class=\"_ _2\"></span>evi<span class=\"_ _2\"></span>ed b<span class=\"_ _2\"></span>y t<span class=\"_ _2\"></span>he s<span class=\"_ _2\"></span>ame t<span class=\"_ _2\"></span>axat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> aut<span class=\"_ _2\"></span>hori<span class=\"_ _2\"></span>ty<span class=\"_ _2\"></span><span class=\"ls61 wsac\">. T<span class=\"ls4b ws77\">he </span></span></span>Group<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ends<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> sett<span class=\"_ _2\"></span>le it<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>curr<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> tax<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>ets<span class=\"_ _2\"></span> and l<span class=\"_ _2\"></span>iab<span class=\"_ _2\"></span>ilit<span class=\"_ _2\"></span>ies <span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>a net<span class=\"_ _2\"></span> basi<span class=\"_ _2\"></span>s<span class=\"ls61 ws89\">. <span class=\"ls73 wsb6\">The<span class=\"_ _1\"></span> Com<span class=\"_ _1\"></span>pany is<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></span></span>in<span class=\"_ _1\"></span>corpo<span class=\"_ _1\"></span>rate<span class=\"_ _1\"></span>d in Be<span class=\"_ _1\"></span>rmuda<span class=\"ls1 ws0\">,<span class=\"_ _3\"></span> <span class=\"ls49 ws7c\">whic<span class=\"_ _2\"></span>h is a no<span class=\"_ _2\"></span>n</span>-<span class=\"ls54 ws75\">taxable juris<span class=\"_ _1\"></span>dictio<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls48 ws32\">for th<span class=\"_ _2\"></span>e years e<span class=\"_ _2\"></span>nded Nov<span class=\"_ _2\"></span>ember 30,<span class=\"_ _2\"></span> 202<span class=\"_ _2\"></span><span class=\"ls54 ws83\">5 </span></span></span></span></span>and 2<span class=\"_ _2\"></span>02<span class=\"ls54 ws83\">4.</span><span class=\"ls54 ws83\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span><div class=\"t m0 h98 ffb8 fs39 fc2 sc0 ls30 ws50 gs1e1\">The f<span class=\"_ _2\"></span>ollowi<span class=\"_ _2\"></span>ng tab<span class=\"_ _2\"></span>les p<span class=\"_ _2\"></span>rese<span class=\"_ _2\"></span>nt t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> com<span class=\"_ _2\"></span>ponents<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>income<span class=\"_ _2\"></span> tax<span class=\"_ _2\"></span> ex<span class=\"_ _2\"></span>pense<span class=\"ls1 ws0\">:  </span></div><div class=\"gs1e2\"><table class=\"s w15b h122\" id=\"_c7f1dbe0-5a21-4509-9712-8c7f9841217d\"><tr><td></td><td class=\"c x2cb y2bf6 w6d hb7\"><div class=\"t m0 x17b h82 y1f54 ffb8 fs3b fc2 sc0 ls19 ws2d\">For<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">the</span> years en<span class=\"_ _2\"></span>ded November <span class=\"ls1b ws2f\">30</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2bf7 w152 h102\"><div class=\"t m0 x245 h82 y29a6 ffb8 fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2bf h82 y29a7 ffb8 fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x2cc y2bf8 w48 h83\"><div class=\"t m0 x177 h85 y1f57 ffb5 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bf8 w55 h83\"><div class=\"t m0 x177 h82 y1f57 ffb8 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2bf9 w6c h86\"><div class=\"t m0 x0 h88 y1be8 ffb8 fs3a fc2 sc0 ls22 ws37\">Current income ta<span class=\"_ _1\"></span>x expense<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2bf9 w48 h86\"><div class=\"t m0 x179 h87 y1be8 ffb5 fs3a fc2 sc0 ls23 ws39\">32,974<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bf9 w55 h86\"><div class=\"t m0 x183 h88 y1be8 ffb8 fs3a fc2 sc0 ls20 ws36\">13<span class=\"ls1 ws0\">,</span>715<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2bfa w6c h8a\"><div class=\"t m0 x0 h88 y1c65 ffb8 fs3a fc2 sc0 ls22 ws37\">Adjus<span class=\"_ _1\"></span>tments in respect of prior yea<span class=\"_ _1\"></span>rs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2bfa w48 h8a\"><div class=\"t m0 x185 h87 y1c65 ffb5 fs3a fc2 sc0 ls21 ws35\">4,34<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bfa w55 h8a\"><div class=\"t m0 x183 h88 y1c65 ffb8 fs3a fc2 sc0 ls20 ws36\">13,500<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2cc y2bfb w48 h86\"><div class=\"t m0 x179 h87 y1bef ffb5 fs3a fc2 sc0 ls23 ws39\">37,320<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bfb w55 h86\"><div class=\"t m0 x183 h88 y1bef ffb8 fs3a fc2 sc0 ls1 ws0\">2<span class=\"_ _1\"></span>7,<span class=\"_ _1\"></span><span class=\"ls20 ws36\">21<span class=\"_ _2\"></span>5</span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></div></td></tr><tr><td class=\"c x241 y2bfc w6c h86\"><div class=\"t m0 x0 h88 y1c4c ffb8 fs3a fc2 sc0 ls26 ws3d\">Deferred incom<span class=\"_ _1\"></span>e tax<span class=\"ls1 ws0\"> </span><span class=\"ws47\">expens<span class=\"_ _1\"></span>e</span><span class=\"ws47\"> <span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2cc y2bfc w48 h86\"><div class=\"t m0 x179 h87 y1c4c ffb5 fs3a fc2 sc0 ls23 ws39\">10,620<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bfc w55 h86\"><div class=\"t m0 x183 h88 y1c4c ffb8 fs3a fc2 sc0 ls20 ws36\">21<span class=\"ls1 ws0\">,</span>130<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2bfd w6c h86\"><div class=\"t m0 x0 h88 y1bef ffb8 fs3a fc2 sc0 ls22 ws37\">Adjus<span class=\"_ _1\"></span>tments in respect of prior yea<span class=\"_ _1\"></span>rs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2bfd w25 h86\"><div class=\"t m0 x179 h87 y1bef ffb5 fs3a fc2 sc0 ls21 ws35\">(8,19<span class=\"_ _2\"></span>1)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bfd w56 h86\"><div class=\"t m0 x186 h88 y1bef ffb8 fs3a fc2 sc0 ls20 ws36\">(1,989<span class=\"ls1 ws0\">) </span></div></td></tr><tr><td></td><td class=\"c x2cc y2bfe w48 ha4\"><div class=\"t m0 x185 h87 y1c4d ffb5 fs3a fc2 sc0 ls21 ws35\">2,42<span class=\"_ _2\"></span>9<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bfe w55 ha4\"><div class=\"t m0 x183 h88 y1c4d ffb8 fs3a fc2 sc0 ls1 ws0\">1<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span><span class=\"ls20 ws36\">14<span class=\"_ _2\"></span>1</span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></div></td></tr><tr><td class=\"c x241 y2bff w6c h86\"><div class=\"t m0 x0 h87 y1bfa ffb5 fs3a fc2 sc0 ls1f ws33\">Total in<span class=\"_ _2\"></span>come tax exp<span class=\"_ _2\"></span>ense<span class=\"ls1 ws0\">  </span></div></td><td class=\"c x2cc y2bff w48 h86\"><div class=\"t m0 x179 h87 y1bfa ffb5 fs3a fc2 sc0 ls23 ws39\">39,749<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bff w55 h86\"><div class=\"t m0 x183 h88 y1bfa ffb8 fs3a fc2 sc0 ls20 ws36\">46,356<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 h98 ffb8 fs39 fc2 sc0 ls30 ws50 gs1e3\">The f<span class=\"_ _2\"></span>ollowi<span class=\"_ _2\"></span>ng re<span class=\"_ _2\"></span>conci<span class=\"_ _2\"></span>les <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> act<span class=\"_ _2\"></span>ual inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> tax<span class=\"_ _2\"></span> expe<span class=\"_ _2\"></span>nse t<span class=\"_ _2\"></span>o inc<span class=\"_ _2\"></span>ome t<span class=\"_ _2\"></span>axes<span class=\"_ _2\"></span> comp<span class=\"_ _2\"></span>uted<span class=\"_ _2\"></span> at the<span class=\"_ _2\"></span> Be<span class=\"_ _2\"></span>rmud<span class=\"_ _2\"></span>a </div><div class=\"t m0 h98 ffb8 fs39 fc2 sc0 ls53 ws7d gs1e4\">statuto<span class=\"_ _2\"></span>ry tax r<span class=\"_ _2\"></span>ate<span class=\"ls1 ws0\"> <span class=\"ls4a ws76\">of <span class=\"ls30 ws52\">nil:</span></span> </span></div><div class=\"gs1e5\"><table class=\"s w15a h120\" id=\"_5780cc73-5ef2-44a1-a161-3bac6e46af97\"><tr><td></td><td class=\"c x2cb y2beb w6d hb7\"><div class=\"t m0 x17b h82 y1e7e ffb8 fs3b fc2 sc0 ls1 ws32\">For the years ended November 30<span class=\"ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2bec w152 h121\"><div class=\"t m0 x245 h82 y29a6 ffb8 fs3b fc2 sc0 ls1 ws0\">(</div><div class=\"t m0 x2bf h82 y29a7 ffb8 fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x2cc y2bed w20 hc0\"><div class=\"t m0 x177 h85 y1c8b ffb5 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bed w2a hc0\"><div class=\"t m0 x177 h82 y1c8b ffb8 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2bee w6c h8a\"><div class=\"t m0 x0 h88 y1bff ffb8 fs3a fc2 sc0 ls22 ws37\">Profit b<span class=\"_ _1\"></span>efore income tax expen<span class=\"_ _1\"></span>se<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2bee w20 h8a\"><div class=\"t m0 x180 h87 y1bff ffb5 fs3a fc2 sc0 ls21 ws35\">389,<span class=\"_ _2\"></span>905<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bee w2a h8a\"><div class=\"t m0 x181 h88 y1bff ffb8 fs3a fc2 sc0 ls20 ws36\">441,115<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2bef w6c h86\"><div class=\"t m0 x0 h88 y1bfa ffb8 fs3a fc2 sc0 ls23 ws4b\">Tax at the B<span class=\"_ _1\"></span>ermuda statutory<span class=\"_ _1\"></span> tax rate <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2bef w20 h86\"><div class=\"t m0 x2d h87 y1bfa ffbb fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ffb5\">  </span></div></td><td class=\"c x244 y2bef w2a h86\"><div class=\"t m0 x2d h88 y1bfa ffbc fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffb8\"> </span></div></td></tr><tr><td class=\"c x241 y2bf0 w6c h86\"><div class=\"t m0 x0 h88 y1bf8 ffb8 fs3a fc2 sc0 ls26 ws3d\">Differences b<span class=\"_ _1\"></span>etween the Bermuda and other tax rates<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2bf0 w20 h86\"><div class=\"t m0 x179 h87 y1bf8 ffb5 fs3a fc2 sc0 ls23 ws39\">85,516<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bf0 w2a h86\"><div class=\"t m0 x181 h88 y1bf8 ffb8 fs3a fc2 sc0 ls20 ws36\">115,615<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2bf1 w6c h8a\"><div class=\"t m0 x0 h88 y1bf6 ffb8 fs3a fc2 sc0 ls22 ws3e\">Non<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls26 ws3d\">taxable income and<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>disallowed<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>expenses</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"> <span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2cc y2bf1 w24 h8a\"><div class=\"t m0 x181 h87 y1bf6 ffb5 fs3a fc2 sc0 ls21 ws35\">(44,5<span class=\"_ _2\"></span>93)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bf1 w2c h8a\"><div class=\"t m0 x187 h88 y1bf6 ffb8 fs3a fc2 sc0 ls1 ws0\">(<span class=\"_ _1\"></span><span class=\"ls20 ws36\">83<span class=\"ls1 ws0\">,</span>125<span class=\"ls1 ws0\">) </span></span></div></td></tr><tr><td class=\"c x241 y2bf2 w6c ha1\"><div class=\"t m0 x0 h88 y1c05 ffb8 fs3a fc2 sc0 ls22 ws37\">Provis<span class=\"_ _1\"></span>ion for uncertain tax posi<span class=\"_ _1\"></span>tions, net of releases<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2bf2 w20 ha1\"><div class=\"t m0 x185 h87 y1c05 ffb5 fs3a fc2 sc0 ls21 ws35\">2,26<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bf2 w2c ha1\"><div class=\"t m0 x47 h88 y1c05 ffb8 fs3a fc2 sc0 ls20 ws36\">(581)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2bf3 w6c h89\"><div class=\"t m0 x0 h88 y1bde ffb8 fs3a fc2 sc0 ls22 ws37\">Adjus<span class=\"_ _1\"></span>tments in respect of prior yea<span class=\"_ _1\"></span>rs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2bf3 w24 h89\"><div class=\"t m0 x179 h87 y1bde ffb5 fs3a fc2 sc0 ls21 ws35\">(3,84<span class=\"_ _2\"></span>5)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bf3 w2a h89\"><div class=\"t m0 x183 h88 y1bde ffb8 fs3a fc2 sc0 ls20 ws36\">11,511<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2bf4 w6c h8c\"><div class=\"t m0 x0 h88 y1be0 ffb8 fs3a fc2 sc0 ls26 ws3d\">Other differences<span class=\"_ _1\"></span>, net<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2bf4 w20 h8c\"><div class=\"t m0 x177 h87 y1be0 ffb5 fs3a fc2 sc0 ls21 ws35\">410<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bf4 w2a h8c\"><div class=\"t m0 x184 h88 y1be0 ffb8 fs3a fc2 sc0 ls20 ws36\">2,936<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2bf5 w6c h8a\"><div class=\"t m0 x0 h87 y1be6 ffb5 fs3a fc2 sc0 ls1f ws33\">Total in<span class=\"_ _2\"></span>come tax exp<span class=\"_ _2\"></span>ense <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2bf5 w20 h8a\"><div class=\"t m0 x179 h87 y1be6 ffb5 fs3a fc2 sc0 ls23 ws39\">39,749<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bf5 w2a h8a\"><div class=\"t m0 x183 h88 y1be6 ffb8 fs3a fc2 sc0 ls20 ws36\">46,356<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 h98 ffb8 fs39 fc2 sc0 ls30 ws4f gs1e6\">The non<span class=\"ls1 ws0\">-</span><span class=\"ws50\">tax<span class=\"_ _2\"></span>able <span class=\"_ _2\"></span>income<span class=\"_ _2\"></span> aris<span class=\"_ _2\"></span>es b<span class=\"_ _2\"></span>ecause<span class=\"_ _2\"></span> s<span class=\"ffbc\">ub<span class=\"_ _2\"></span>sta<span class=\"_ _2\"></span>ntiall<span class=\"_ _2\"></span>y all<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span>\u2019s i<span class=\"_ _2\"></span>nter<span class=\"_ _2\"></span>natio<span class=\"_ _2\"></span>nal <span class=\"_ _2\"></span></span><span class=\"ls1 ws0\">t</span><span class=\"ws52\">anker<span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 h98 ffb8 fs39 fc2 sc0 ls30 ws50 gs1e7\">opera<span class=\"_ _2\"></span>tions<span class=\"_ _2\"></span> are c<span class=\"_ _2\"></span>arrie<span class=\"_ _2\"></span>d o<span class=\"_ _2\"></span>ut in<span class=\"_ _2\"></span> sub<span class=\"_ _2\"></span>sidia<span class=\"_ _2\"></span>ries<span class=\"_ _2\"></span> inco<span class=\"_ _2\"></span>rpor<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> in t<span class=\"_ _2\"></span>he Ne<span class=\"_ _2\"></span>therl<span class=\"_ _2\"></span>ands<span class=\"_ _2\"></span>, whic<span class=\"_ _2\"></span>h i<span class=\"_ _2\"></span>mposes<span class=\"_ _2\"></span> inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ffb8 fs39 fc2 sc0 ls2f ws70 gs1e8\">tax on a fix<span class=\"_ _2\"></span>ed profit<span class=\"_ _2\"></span> calculated by<span class=\"_ _2\"></span> refere<span class=\"_ _2\"></span>nce to the de<span class=\"_ _2\"></span>adweight to<span class=\"_ _2\"></span>nnage <span class=\"ls48 ws72\">(dwt<span class=\"_ _2\"></span>) </span>of the ships i<span class=\"_ _2\"></span>n the fleet </div><div class=\"t m0 h98 ffb8 fs39 fc2 sc0 ls30 ws50 gs1e9\">rathe<span class=\"_ _2\"></span>r th<span class=\"_ _2\"></span>an on <span class=\"_ _2\"></span>the o<span class=\"_ _2\"></span>pera<span class=\"_ _2\"></span>ting<span class=\"_ _2\"></span> prof<span class=\"_ _2\"></span>its <span class=\"_ _2\"></span>of th<span class=\"_ _2\"></span>e b<span class=\"_ _2\"></span>usiness<span class=\"_ _2\"></span>. T<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup i<span class=\"_ _2\"></span>ncur<span class=\"_ _2\"></span>red <span class=\"_ _2\"></span>tonn<span class=\"_ _2\"></span>age tax<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> the </div><div class=\"t m0 h98 ffb8 fs39 fc2 sc0 ls30 ws4f gs1ea\">Netherl<span class=\"_ _2\"></span>and<span class=\"_ _2\"></span>s of <span class=\"ls1 ws0\">$<span class=\"ls48 ws72\">0.6</span> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">milli<span class=\"_ _2\"></span>on for <span class=\"ls53 ws80\">b<span class=\"_ _2\"></span>oth <span class=\"ls30 ws50\">the ye<span class=\"_ _2\"></span>ars <span class=\"_ _2\"></span>ended<span class=\"_ _2\"></span> <span class=\"ls31 ws51\">November 30, 202<span class=\"ls1 ws0\">5 <span class=\"_ _1\"></span><span class=\"ls30 ws52\">and<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ls31 ws53\">202<span class=\"ls1 ws0\">4, <span class=\"_ _1\"></span><span class=\"ls30 ws4f\">whic<span class=\"_ _2\"></span>h is </span></span></span></span></span></span></span></span></span></span></div><div class=\"t m0 h98 ffb8 fs39 fc2 sc0 ls30 ws50 gs1eb\">include<span class=\"_ _2\"></span>d i<span class=\"_ _2\"></span>n <span class=\"ls5d ws92\">Oth<span class=\"_ _1\"></span>er <span class=\"ls30 ws52\">operating<span class=\"_ _2\"></span> <span class=\"ls2f ws4e\">expense<span class=\"ls1 ws0\">s<span class=\"_ _1\"></span>. </span></span></span></span><span class=\"ls5d ws92\"><span class=\"ls30 ws52\"><span class=\"ls2f ws4e\"><span class=\"ls1 ws0\"> </span></span></span></span></div><div class=\"t m0 h98 ffc0 fs39 fc2 sc0 ls2f ws70 gs1ed\">The following <span class=\"_ _2\"></span>are the m<span class=\"_ _2\"></span>ajor deferred t<span class=\"_ _2\"></span>ax (liabilities<span class=\"_ _2\"></span>) assets <span class=\"_ _2\"></span>recog<span class=\"ls30 ws50\">ni<span class=\"_ _2\"></span>sed and<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he mov<span class=\"_ _2\"></span>emen<span class=\"_ _2\"></span>t the<span class=\"_ _2\"></span>reon:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div><div class=\"gs1a3\"><table class=\"s w15c h123\" id=\"_52d07199-6147-4e79-ab6c-2433652bc740\"><tr><td class=\"c x246 y2c00 w14a h102\"><div class=\"t m0 x245 h82 y29a6 ffc0 fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2a3 h82 y29a7 ffc0 fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td></td><td></td><td></td><td class=\"c x2ce y2c01 w15d h102\"><div class=\"t m0 x245 h82 y29a7 ffc0 fs3b fc2 sc0 ls3a ws9b\">Right<span class=\"ls1 ws0\">-of-u<span class=\"_ _195\"> </span></span></div><div class=\"t m0 x2cd h82 y29a6 ffc0 fs3b fc2 sc0 ls1d ws31\">se<span class=\"_ _195\"> </span></div></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x2cf y2c02 w15e h103\"><div class=\"t m0 x245 h82 y29a6 ffc0 fs3b fc2 sc0 ls1 ws32\">Accelerated tax<span class=\"_ _195\"> </span></div></td><td class=\"c x2d0 y2c02 w15f h103\"><div class=\"t m0 x245 h82 y29a6 ffc0 fs3b fc2 sc0 ls1 ws9b\">Retirement benefit<span class=\"_ _195\"> </span></div></td><td></td><td class=\"t m0 x2d1 h82 y2c03 ffc0 fs3b fc2 sc0 ls1 ws0\">a<span class=\"ls1d ws31\">ssets/</span>l<span class=\"ls1d ws31\">ea<span class=\"_ _2\"></span>se<span class=\"_ _195\"> </span></span></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x2d2 y2c04 w160 h103\"><div class=\"t m0 x245 h82 y29a6 ffc0 fs3b fc2 sc0 ls1 ws0\">depreciation<span class=\"_ _195\"> </span></div></td><td class=\"c x2d3 y2c04 w161 h103\"><div class=\"t m0 x245 h82 y29a6 ffc0 fs3b fc2 sc0 ls1 ws0\">obligations<span class=\"_ _195\"> </span></div></td><td class=\"c x2d4 y2c05 w70 hc3\"><div class=\"t m0 x181 h82 y2006 ffc0 fs3b fc2 sc0 ls1d ws49\">Tax losses<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2c05 w74 hc3\"><div class=\"t m0 x99 h82 y200a ffc0 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x47 h82 y2006 ffc0 fs3b fc2 sc0 ls1 ws0\">l<span class=\"ls2d ws4a\">iability</span> </div></td><td class=\"c x2d6 y2c05 w70 hc3\"><div class=\"t m0 x99 h82 y2004 ffc0 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x99 h82 y200b ffc0 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x181 h82 y200c ffc0 fs3b fc2 sc0 ls1 ws0\">Derivatives </div></td><td class=\"c x2d7 y2c05 w76 hc3\"><div class=\"t m0 x177 h82 y2006 ffc0 fs3b fc2 sc0 ls1 ws0\">Other </div></td><td class=\"c x2d8 y2c05 w78 hc3\"><div class=\"t m0 x171 h82 y2006 ffc0 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2c06 w6e h8a\"><div class=\"t m0 x0 h87 y1be6 ffbf fs3a fc2 sc0 ls1f ws3e\">Balan<span class=\"_ _2\"></span>ce, December 1, 2023<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d9 y2c06 w79 h8a\"><div class=\"t m0 x181 h87 y1be6 ffbf fs3a fc2 sc0 ls21 ws35\">(88,2<span class=\"_ _2\"></span>51)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2da y2c06 w7a h8a\"><div class=\"t m0 x183 h87 y1be6 ffbf fs3a fc2 sc0 ls21 ws35\">(1,13<span class=\"_ _2\"></span>7)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d4 y2c06 w70 h8a\"><div class=\"t m0 x179 h87 y1be6 ffbf fs3a fc2 sc0 ls23 ws39\">17,238<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2c06 w74 h8a\"><div class=\"t m0 x1cd h87 y1be6 ffc1 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ffbf\"> </span></div></td><td class=\"c x2d6 y2c06 w70 h8a\"><div class=\"t m0 x171 h87 y1be6 ffbf fs3a fc2 sc0 ls21 ws35\">620<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d7 y2c06 w76 h8a\"><div class=\"t m0 x1a0 h87 y1be6 ffbf fs3a fc2 sc0 ls21 ws35\">158<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d8 y2c06 w7b h8a\"><div class=\"t m0 x187 h87 y1be6 ffbf fs3a fc2 sc0 ls21 ws35\">(71,3<span class=\"_ _2\"></span>72)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c07 w6e h86\"><div class=\"t m0 x0 h88 y1be8 ffc0 fs3a fc2 sc0 ls23 ws4b\">(Charg<span class=\"_ _1\"></span>e) credit to <span class=\"ls1 ws0\">i<span class=\"_ _1\"></span><span class=\"ls26 ws3d\">ncome statement<span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2d9 y2c07 w79 h86\"><div class=\"t m0 x182 h88 y1be8 ffc0 fs3a fc2 sc0 ls20 ws36\">(5,943<span class=\"ls1 ws0\">) </span></div></td><td class=\"c x2da y2c07 w70 h86\"><div class=\"t m0 x1ce h88 y1be8 ffc0 fs3a fc2 sc0 ls20 ws36\">2,532<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d4 y2c07 w7c h86\"><div class=\"t m0 x18f h88 y1be8 ffc0 fs3a fc2 sc0 ls20 ws36\">(11,234<span class=\"ls1 ws0\">) </span></div></td><td class=\"c x2d5 y2c07 w74 h86\"><div class=\"t m0 x1be h88 y1be8 ffc0 fs3a fc2 sc0 ls20 ws36\">288<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d6 y2c07 w70 h86\"><div class=\"t m0 xb6 h88 y1be8 ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> </span></div></td><td class=\"c x2d7 y2c07 w7c h86\"><div class=\"t m0 x182 h88 y1be8 ffc0 fs3a fc2 sc0 ls2a ws45\">(4,78<span class=\"_ _2\"></span><span class=\"ls20 ws36\">4</span><span class=\"ls20 ws36\">)<span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2d8 y2c07 w7b h86\"><div class=\"t m0 x179 h88 y1be8 ffc0 fs3a fc2 sc0 ls1 ws0\">(<span class=\"_ _1\"></span><span class=\"ls20 ws36\">19,<span class=\"_ _2\"></span>141)<span class=\"ls1 ws0\"> </span></span></div></td></tr><tr><td class=\"c x24b y2c08 w6e h86\"><div class=\"t m0 x0 h88 y1c3e ffc0 fs3a fc2 sc0 ls74 wsb7\">(C<span class=\"ls75 wsb8\">har<span class=\"_ _2\"></span>ge</span><span class=\"ls75 wsb8\"><span class=\"ls76 ws4b\">) cre<span class=\"_ _2\"></span>dit <span class=\"wsb9\">to <span class=\"_ _1\"></span><span class=\"ls1 ws0\">o<span class=\"_ _1\"></span><span class=\"ls77 ws3d\">ther<span class=\"_ _2\"></span> comprehensi<span class=\"_ _2\"></span>ve income<span class=\"ls1 ws0\"> </span></span></span></span></span></span></div></td><td class=\"c x2d9 y2c08 w70 h86\"><div class=\"t m0 xb6 h88 y1c3e ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> </span></div></td><td class=\"c x2da y2c08 w7a h86\"><div class=\"t m0 x188 h88 y1c3e ffc0 fs3a fc2 sc0 ls1 ws0\">(<span class=\"_ _1\"></span><span class=\"ls20 ws36\">489<span class=\"ls1 ws0\">) </span></span></div></td><td class=\"c x2d4 y2c08 w70 h86\"><div class=\"t m0 xb6 h88 y1c3e ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> </span></div></td><td class=\"c x2d5 y2c08 w74 h86\"><div class=\"t m0 xb6 h88 y1c3e ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> </span></div></td><td class=\"c x2d6 y2c08 w70 h86\"><div class=\"t m0 x1be h88 y1c3e ffc0 fs3a fc2 sc0 ls20 ws36\">327<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d7 y2c08 w76 h86\"><div class=\"t m0 xb6 h88 y1c3e ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> </span></div></td><td class=\"c x2d8 y2c08 w7b h86\"><div class=\"t m0 x177 h88 y1c3e ffc0 fs3a fc2 sc0 ls1 ws0\">(<span class=\"_ _1\"></span><span class=\"ls20 ws36\">162)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div></td></tr><tr><td class=\"c x24b y2c09 w6e h8a\"><div class=\"t m0 x0 h88 y1bec ffc0 fs3a fc2 sc0 ls29 ws44\">Reallocat<span class=\"_ _2\"></span>ions<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d9 y2c09 w70 h8a\"><div class=\"t m0 x1 h88 y1bec ffc0 fs3a fc2 sc0 ls20 ws36\">90<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2da y2c09 w7a h8a\"><div class=\"t m0 x182 h88 y1bec ffc0 fs3a fc2 sc0 ls2a ws45\">(1,45<span class=\"_ _2\"></span><span class=\"ls20 ws36\">2</span><span class=\"ls20 ws36\">)<span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2d4 y2c09 w70 h8a\"><div class=\"t m0 x171 h88 y1bec ffc0 fs3a fc2 sc0 ls20 ws36\">213<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2c09 w74 h8a\"><div class=\"t m0 x1be h88 y1bec ffc0 fs3a fc2 sc0 ls20 ws36\">116<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d6 y2c09 w70 h8a\"><div class=\"t m0 xb6 h88 y1bec ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> </span></div></td><td class=\"c x2d7 y2c09 w76 h8a\"><div class=\"t m0 x171 h88 y1bec ffc0 fs3a fc2 sc0 ls20 ws36\">110<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d8 y2c09 w7b h8a\"><div class=\"t m0 x177 h88 y1bec ffc0 fs3a fc2 sc0 ls20 ws36\">(923<span class=\"ls1 ws0\">) </span></div></td></tr><tr><td class=\"c x24b y2c0a w6e h86\"><div class=\"t m0 x0 h88 y1c3e ffc0 fs3a fc2 sc0 ls26 ws3d\">Exchange d<span class=\"_ _1\"></span>ifferences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d9 y2c0a w70 h86\"><div class=\"t m0 x171 h88 y1c3e ffc0 fs3a fc2 sc0 ls20 ws36\">32<span class=\"ls1 ws0\">2</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2da y2c0a w70 h86\"><div class=\"t m0 xb6 h88 y1c3e ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> </span></div></td><td class=\"c x2d4 y2c0a w7c h86\"><div class=\"t m0 x1be h88 y1c3e ffc0 fs3a fc2 sc0 ls2a ws45\">(16<span class=\"ls1 ws0\">) </span></div></td><td class=\"c x2d5 y2c0a w7b h86\"><div class=\"t m0 x19f h88 y1c3e ffc0 fs3a fc2 sc0 ls2a ws45\">(1<span class=\"ls20 ws36\">1</span><span class=\"ls20 ws36\">)<span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2d6 y2c0a w70 h86\"><div class=\"t m0 xb6 h88 y1c3e ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> </span></div></td><td class=\"c x2d7 y2c0a w76 h86\"><div class=\"t m0 x171 h88 y1c3e ffc0 fs3a fc2 sc0 ls20 ws36\">16<span class=\"ls1 ws0\">2</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d8 y2c0a w78 h86\"><div class=\"t m0 x1be h88 y1c3e ffc0 fs3a fc2 sc0 ls20 ws36\">45<span class=\"ls1 ws0\">7</span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c0b w6e ha1\"><div class=\"t m0 x0 h87 y1be8 ffbf fs3a fc2 sc0 ls21 ws38\">Bala<span class=\"_ _2\"></span>nce, N<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 30, 20<span class=\"_ _2\"></span>24<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d9 y2c0b w79 ha1\"><div class=\"t m0 x181 h87 y1be8 ffbf fs3a fc2 sc0 ls21 ws35\">(93,7<span class=\"_ _2\"></span>82<span class=\"ls1 ws0\">) </span></div></td><td class=\"c x2da y2c0b w7a ha1\"><div class=\"t m0 x47 h87 y1be8 ffbf fs3a fc2 sc0 ls21 ws35\">(546<span class=\"ls1 ws0\">) </span></div></td><td class=\"c x2d4 y2c0b w70 ha1\"><div class=\"t m0 x184 h87 y1be8 ffbf fs3a fc2 sc0 ls21 ws35\">6,20<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2c0b w74 ha1\"><div class=\"t m0 x171 h87 y1be8 ffbf fs3a fc2 sc0 ls21 ws35\">393<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d6 y2c0b w70 ha1\"><div class=\"t m0 x171 h87 y1be8 ffbf fs3a fc2 sc0 ls21 ws35\">947<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d7 y2c0b w7c ha1\"><div class=\"t m0 x183 h87 y1be8 ffbf fs3a fc2 sc0 ls21 ws35\">(4,35<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\">) </span></div></td><td class=\"c x2d8 y2c0b w7b ha1\"><div class=\"t m0 x187 h87 y1be8 ffbf fs3a fc2 sc0 ls21 ws35\">(91,1<span class=\"_ _2\"></span>41<span class=\"ls1 ws0\">) </span></div></td></tr><tr><td class=\"c x24b y2c0c w6e h86\"><div class=\"t m0 x0 h88 y1c4c ffc0 fs3a fc2 sc0 ls23 ws4b\">Credit (<span class=\"_ _1\"></span>charge)<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls22 ws3e\">to <span class=\"ls1 ws0\">i<span class=\"_ _1\"></span><span class=\"ls26 ws3d\">ncome statement<span class=\"ls1 ws0\"> </span></span></span></span></span></div></td><td class=\"c x2d9 y2c0c w70 h86\"><div class=\"t m0 x1ce h88 y1c4c ffc0 fs3a fc2 sc0 ls20 ws36\">1,224<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2da y2c0c w7a h86\"><div class=\"t m0 x188 h88 y1c4c ffc0 fs3a fc2 sc0 ls20 ws36\">(909)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d4 y2c0c w7c h86\"><div class=\"t m0 x188 h88 y1c4c ffc0 fs3a fc2 sc0 ls20 ws36\">(998)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2c0c w7b h86\"><div class=\"t m0 xaf h88 y1c4c ffc0 fs3a fc2 sc0 ls2a ws45\">(8)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d6 y2c0c w70 h86\"><div class=\"t m0 xb6 h88 y1c4c ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> <span class=\"_ _3\"></span> </span></div></td><td class=\"c x2d7 y2c0c w7c h86\"><div class=\"t m0 x182 h88 y1c4c ffc0 fs3a fc2 sc0 ls20 ws36\">(1,738)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d8 y2c0c w7b h86\"><div class=\"t m0 x185 h88 y1c4c ffc0 fs3a fc2 sc0 ls20 ws36\">(2,429)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c0d w6e h8a\"><div class=\"t m0 x0 h88 y1c3f ffc0 fs3a fc2 sc0 ls74 wsb7\">(C<span class=\"ls75 wsb8\">har<span class=\"_ _2\"></span>ge</span><span class=\"ls75 wsb8\"><span class=\"ls76 ws4b\">) cre<span class=\"_ _2\"></span>dit <span class=\"wsb9\">to <span class=\"_ _1\"></span><span class=\"ls1 ws0\">o<span class=\"_ _1\"></span><span class=\"ls77 ws3d\">ther<span class=\"_ _2\"></span> comprehensi<span class=\"_ _2\"></span>ve income<span class=\"ls1 ws0\"> </span></span></span></span></span></span></div></td><td class=\"c x2d9 y2c0d w70 h8a\"><div class=\"t m0 xb6 h88 y1c3f ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> <span class=\"_ _3\"></span> </span></div></td><td class=\"c x2da y2c0d w7a h8a\"><div class=\"t m0 x1be h88 y1c3f ffc0 fs3a fc2 sc0 ls20 ws36\">(23)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d4 y2c0d w70 h8a\"><div class=\"t m0 xb6 h88 y1c3f ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> <span class=\"_ _3\"></span> </span></div></td><td class=\"c x2d5 y2c0d w74 h8a\"><div class=\"t m0 xb6 h88 y1c3f ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> <span class=\"_ _3\"></span> </span></div></td><td class=\"c x2d6 y2c0d w70 h8a\"><div class=\"t m0 x1be h88 y1c3f ffc0 fs3a fc2 sc0 ls20 ws36\">577<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d7 y2c0d w76 h8a\"><div class=\"t m0 xb6 h88 y1c3f ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> <span class=\"_ _3\"></span> </span></div></td><td class=\"c x2d8 y2c0d w78 h8a\"><div class=\"t m0 x1be h88 y1c3f ffc0 fs3a fc2 sc0 ls20 ws36\">554<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c0e w6e h86\"><div class=\"t m0 x0 h88 y1c4c ffc0 fs3a fc2 sc0 ls24 ws3a\">Acquisition of Suttons Inter<span class=\"_ _2\"></span>national Holdings Limited<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d9 y2c0e w79 h86\"><div class=\"t m0 x18f h88 y1c4c ffc0 fs3a fc2 sc0 ls20 ws36\">(13,889)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2da y2c0e w70 h86\"><div class=\"t m0 xb6 h88 y1c4c ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> </span></div></td><td class=\"c x2d4 y2c0e w70 h86\"><div class=\"t m0 xb6 h88 y1c4c ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> </span></div></td><td class=\"c x2d5 y2c0e w74 h86\"><div class=\"t m0 xb6 h88 y1c4c ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> </span></div></td><td class=\"c x2d6 y2c0e w70 h86\"><div class=\"t m0 xb6 h88 y1c4c ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> </span></div></td><td class=\"c x2d7 y2c0e w76 h86\"><div class=\"t m0 x1 h88 y1c4c ffc0 fs3a fc2 sc0 ls20 ws36\">41<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d8 y2c0e w7b h86\"><div class=\"t m0 x179 h88 y1c4c ffc0 fs3a fc2 sc0 ls20 ws36\">(13,848)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c0f w6e h86\"><div class=\"t m0 x0 h88 y1bef ffc0 fs3a fc2 sc0 ls22 ws37\">Reallocati<span class=\"_ _1\"></span>ons and other<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d9 y2c0f w79 h86\"><div class=\"t m0 x188 h88 y1bef ffc0 fs3a fc2 sc0 ls20 ws36\">(228)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2da y2c0f w70 h86\"><div class=\"t m0 x171 h88 y1bef ffc0 fs3a fc2 sc0 ls20 ws36\">440<span class=\"ls1 ws0\">  </span></div></td><td class=\"c x2d4 y2c0f w7c h86\"><div class=\"t m0 x188 h88 y1bef ffc0 fs3a fc2 sc0 ls20 ws36\">(551)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2c0f w7b h86\"><div class=\"t m0 x177 h88 y1bef ffc0 fs3a fc2 sc0 ls20 ws36\">(123)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d6 y2c0f w7c h86\"><div class=\"t m0 x177 h88 y1bef ffc0 fs3a fc2 sc0 ls20 ws36\">(116)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d7 y2c0f w7c h86\"><div class=\"t m0 x188 h88 y1bef ffc0 fs3a fc2 sc0 ls20 ws36\">(163)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d8 y2c0f w7b h86\"><div class=\"t m0 x177 h88 y1bef ffc0 fs3a fc2 sc0 ls20 ws36\">(741)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c10 w6e h8a\"><div class=\"t m0 x0 h88 y1bf1 ffc0 fs3a fc2 sc0 ls26 ws3d\">Exchange d<span class=\"_ _1\"></span>ifferences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d9 y2c10 w79 h8a\"><div class=\"t m0 x188 h88 y1bf1 ffc0 fs3a fc2 sc0 ls20 ws36\">(480)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2da y2c10 w70 h8a\"><div class=\"t m0 xb6 h88 y1bf1 ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> <span class=\"_ _3\"></span> </span></div></td><td class=\"c x2d4 y2c10 w70 h8a\"><div class=\"t m0 x171 h88 y1bf1 ffc0 fs3a fc2 sc0 ls20 ws36\">184<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2c10 w74 h8a\"><div class=\"t m0 x1cd h88 y1bf1 ffc0 fs3a fc2 sc0 ls1 ws0\">6<span class=\"_ _1\"></span>  </div></td><td class=\"c x2d6 y2c10 w70 h8a\"><div class=\"t m0 xb6 h88 y1bf1 ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> <span class=\"_ _3\"></span> </span></div></td><td class=\"c x2d7 y2c10 w7c h8a\"><div class=\"t m0 x188 h88 y1bf1 ffc0 fs3a fc2 sc0 ls20 ws36\">(644)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d8 y2c10 w7b h8a\"><div class=\"t m0 x177 h88 y1bf1 ffc0 fs3a fc2 sc0 ls20 ws36\">(934)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c11 w6e h86\"><div class=\"t m0 x0 h87 y1bfa ffbf fs3a fc2 sc0 ls21 ws38\">Bala<span class=\"_ _2\"></span>nce, N<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 30, 20<span class=\"_ _2\"></span>25<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d9 y2c11 w79 h86\"><div class=\"t m0 x197 h87 y1bfa ffbf fs3a fc2 sc0 ls21 ws35\">(107,<span class=\"_ _2\"></span>155)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2da y2c11 w7a h86\"><div class=\"t m0 x183 h87 y1bfa ffbf fs3a fc2 sc0 ls21 ws35\">(1,03<span class=\"_ _2\"></span>8)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d4 y2c11 w70 h86\"><div class=\"t m0 x184 h87 y1bfa ffbf fs3a fc2 sc0 ls21 ws35\">4,83<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2c11 w74 h86\"><div class=\"t m0 x171 h87 y1bfa ffbf fs3a fc2 sc0 ls21 ws35\">268<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d6 y2c11 w70 h86\"><div class=\"t m0 x184 h87 y1bfa ffbf fs3a fc2 sc0 ls21 ws35\">1,40<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d7 y2c11 w7c h86\"><div class=\"t m0 x183 h87 y1bfa ffbf fs3a fc2 sc0 ls21 ws35\">(6,85<span class=\"_ _2\"></span>8)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d8 y2c11 w7b h86\"><div class=\"t m0 x17f h87 y1bfa ffbf fs3a fc2 sc0 ls21 ws35\">(108,<span class=\"_ _2\"></span>539)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 h98 ffc0 fs39 fc2 sc0 ls2f ws70 gs1ee\">Certain deferred<span class=\"_ _2\"></span> tax assets<span class=\"_ _2\"></span> and li<span class=\"_ _2\"></span>abilities have be<span class=\"_ _2\"></span>en offset<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">when t<span class=\"_ _2\"></span>here is<span class=\"_ _2\"></span> a le<span class=\"_ _2\"></span>gall<span class=\"_ _2\"></span>y enf<span class=\"_ _2\"></span>orce<span class=\"_ _2\"></span>able <span class=\"_ _2\"></span>rig<span class=\"_ _2\"></span>ht to<span class=\"_ _2\"></span> set <span class=\"_ _2\"></span>off</span></span>.<span class=\"_ _2\"></span> The followi<span class=\"_ _2\"></span>ng is the a<span class=\"_ _2\"></span>nalysis of t<span class=\"_ _2\"></span>he deferred tax<span class=\"_ _2\"></span> balances (<span class=\"_ _2\"></span>after offset<span class=\"_ _2\"></span>) for financi<span class=\"_ _2\"></span>al </div><div class=\"t m0 h98 ffc0 fs39 fc2 sc0 ls30 ws52 gs1ef\">repor<span class=\"_ _2\"></span>ting<span class=\"ls1 ws0\"> </span>purpo<span class=\"_ _2\"></span>ses:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"gs1f0\"><table class=\"s w162 h124\" id=\"_727f3fb3-ad11-45fc-af49-8aa708595617\"><tr><td></td><td class=\"c x2a1 y2c12 w7e hc4\"><div class=\"t m0 x184 h82 y201b ffc0 fs3b fc2 sc0 ls1d ws49\">As of<span class=\"ls1 ws0\"> November <span class=\"ls1b ws2f\">30</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2c13 w14a h121\"><div class=\"t m0 x245 h82 y29a6 ffc0 fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2a3 h82 y29a7 ffc0 fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x2db h85 y2c14 ffbf fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"t m0 x27a h82 y2c14 ffc0 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2c15 w7d h8a\"><div class=\"t m0 x0 h88 y1c41 ffc0 fs3a fc2 sc0 ls29 ws42\">Deferre<span class=\"_ _2\"></span>d tax liabilitie<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2c15 w24 h8a\"><div class=\"t m0 x17b h87 y1c41 ffbf fs3a fc2 sc0 ls21 ws35\">(120,<span class=\"_ _2\"></span>497)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x27d y2c15 w7f h8a\"><div class=\"t m0 x17f h88 y1c41 ffc0 fs3a fc2 sc0 ls20 ws36\">(109,629)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c16 w7d h86\"><div class=\"t m0 x0 h88 y1bfa ffc0 fs3a fc2 sc0 ls26 ws3d\">Deferred tax ass<span class=\"_ _1\"></span>ets<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2c16 w20 h86\"><div class=\"t m0 x179 h87 y1bfa ffbf fs3a fc2 sc0 ls23 ws39\">11,958<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x27d y2c16 w2a h86\"><div class=\"t m0 x183 h88 y1bfa ffc0 fs3a fc2 sc0 ls20 ws36\">18,488<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2a1 y2c17 w24 h86\"><div class=\"t m0 x17b h87 y1c50 ffbf fs3a fc2 sc0 ls21 ws35\">(108,<span class=\"_ _2\"></span>539)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x27d y2c17 w7f h86\"><div class=\"t m0 x187 h88 y1c50 ffc0 fs3a fc2 sc0 ls20 ws36\">(91,141)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 h98 ffc0 fs39 fc2 sc0 ls2f ws70 gs1f1\">As of <span class=\"ls31 ws51\">November 30, 202<span class=\"ls1 ws0\">5,<span class=\"_ _1\"></span> <span class=\"ls30 ws4f\">the Gr<span class=\"_ _2\"></span>oup has<span class=\"_ _2\"></span> <span class=\"ws50\">recog<span class=\"_ _2\"></span>nised<span class=\"_ _2\"></span> defe<span class=\"_ _2\"></span>rred t<span class=\"_ _2\"></span>ax <span class=\"_ _2\"></span>assets<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>unuse<span class=\"_ _2\"></span>d n<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span>al co<span class=\"_ _2\"></span>rpora<span class=\"_ _2\"></span>te tax<span class=\"_ _2\"></span> los<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span> of <span class=\"ls31 ws51\">$14.9 million</span></span></span> (<span class=\"ls31 ws53\">202</span>4<span class=\"_ _1\"></span><span class=\"ls61 ws96\">: $<span class=\"ls31 ws53\">22.5<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">million<span class=\"_ _2\"></span>) and<span class=\"_ _2\"></span> un<span class=\"_ _2\"></span>used re<span class=\"_ _2\"></span>gional<span class=\"_ _2\"></span> tax<span class=\"_ _2\"></span> loss<span class=\"_ _2\"></span>es</span> <span class=\"ls4a ws76\">of</span> $<span class=\"_ _1\"></span><span class=\"ls31 ws53\">27.4<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">million </span></span></span></span></span></span></span></span></div><div class=\"t m0 h98 ffc0 fs39 fc2 sc0 ls1 ws0 gs1f2\">(<span class=\"ls31 ws53\">202</span>4<span class=\"_ _1\"></span><span class=\"ls61 ws96\">: $<span class=\"ls31 ws53\">40.0<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">million) available fo<span class=\"_ _2\"></span>r</span> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">o<span class=\"_ _2\"></span>ffse<span class=\"_ _2\"></span>t agai<span class=\"_ _2\"></span>nst f<span class=\"_ _2\"></span>uture<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>rofi<span class=\"_ _2\"></span>ts. A<span class=\"ls1 ws0\"> <span class=\"ls2f ws75\">deferred tax asset <span class=\"ls4a ws74\">of $<span class=\"_ _2\"></span></span></span>19<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span> <span class=\"ls2f ws70\">million at <span class=\"ls31 ws51\">November 30, 202</span></span>5 <span class=\"_ _1\"></span>(<span class=\"ls31 ws53\">2024</span>:<span class=\"_ _1\"></span> $<span class=\"_ _1\"></span><span class=\"ls48 ws72\">1<span class=\"_ _2\"></span>5.4<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">million) has <span class=\"_ _2\"></span>not been recog<span class=\"_ _2\"></span>nised in <span class=\"_ _2\"></span>respect of l<span class=\"_ _2\"></span>osses carried<span class=\"_ _2\"></span> forward </span></span></span></span></span></span></span></span></div><div class=\"t m0 h98 ffc0 fs39 fc2 sc0 ls30 ws50 gs1f3\">at th<span class=\"_ _2\"></span>e bal<span class=\"_ _2\"></span>ance <span class=\"_ _2\"></span>shee<span class=\"_ _2\"></span>t date<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls4a ws74\">of $<span class=\"ls31 ws53\">70.3</span></span> <span class=\"ls2f ws75\">million (<span class=\"ls31 ws53\">2024<span class=\"ls61 ws96\">: $</span>53.1</span></span> <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">million<span class=\"_ _2\"></span>)<span class=\"ls30 ws50\">. T<span class=\"_ _2\"></span>hese l<span class=\"_ _2\"></span>osses<span class=\"_ _2\"></span> have<span class=\"_ _2\"></span> aris<span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>in Gro<span class=\"_ _2\"></span>up<span class=\"_ _2\"></span> comp<span class=\"_ _2\"></span>anies<span class=\"_ _2\"></span> whe<span class=\"_ _2\"></span>re prof<span class=\"_ _2\"></span>its<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>not forec<span class=\"_ _2\"></span>ast </span>fo<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">the fore<span class=\"_ _2\"></span>seeab<span class=\"_ _2\"></span>le f<span class=\"_ _2\"></span>uture<span class=\"_ _2\"></span><span class=\"ws4f\">, and i<span class=\"_ _2\"></span>n the cas<span class=\"_ _2\"></span>e of Sut<span class=\"_ _2\"></span>tons </span></span></span></span></span></div><div class=\"t m0 h98 ffc0 fs39 fc2 sc0 ls30 ws50 gs1f4\">Intern<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span>al L<span class=\"_ _2\"></span>imited<span class=\"_ _2\"></span> (<span class=\"_ _2\"></span>Suttons<span class=\"_ _2\"></span>), <span class=\"_ _2\"></span>where<span class=\"_ _2\"></span> the de<span class=\"_ _2\"></span>fer<span class=\"_ _2\"></span>red <span class=\"_ _2\"></span>tax a<span class=\"_ _2\"></span>sset o<span class=\"_ _2\"></span>f $<span class=\"_ _2\"></span>4.6 m<span class=\"_ _2\"></span>illio<span class=\"_ _2\"></span>n was<span class=\"_ _2\"></span> unre<span class=\"_ _2\"></span>cogni<span class=\"_ _2\"></span>sed <span class=\"_ _2\"></span>as <span class=\"_ _2\"></span>part o<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he Sut<span class=\"_ _2\"></span>tons<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up a<span class=\"_ _2\"></span>cqui<span class=\"_ _2\"></span>siti<span class=\"_ _2\"></span>on p<span class=\"_ _2\"></span>urchas<span class=\"_ _2\"></span>e ac<span class=\"_ _2\"></span>count<span class=\"_ _2\"></span>ing<span class=\"ls50 ws7d\">. <span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 h98 ffc0 fs39 fc2 sc0 ls2f ws70 gs1f5\">Deferred income t<span class=\"_ _2\"></span>ax liabili<span class=\"_ _2\"></span>ties <span class=\"ws75\">of $<span class=\"ls31 ws53\">19<span class=\"ls1 ws0\">.3 <span class=\"_ _3\"></span><span class=\"ls2f ws4e\">millio<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">at</span> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">November 30, 2<span class=\"_ _2\"></span>02<span class=\"ls1 ws0\">5 <span class=\"_ _1\"></span>(<span class=\"ls31 ws53\">2024<span class=\"ls61 ws96\">: $</span>17.<span class=\"_ _1\"></span>6<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">million) h<span class=\"_ _2\"></span>ave not been recog<span class=\"_ _2\"></span>nised for<span class=\"_ _2\"></span> the withh<span class=\"_ _2\"></span>olding tax <span class=\"_ _2\"></span>and</span> <span class=\"ls30 ws50\">other <span class=\"_ _2\"></span>taxes<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> would<span class=\"_ _2\"></span> be p<span class=\"_ _2\"></span>ayab<span class=\"_ _2\"></span>le o<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> <span class=\"ws52\">und<span class=\"_ _2\"></span>istrib<span class=\"_ _2\"></span>uted<span class=\"_ _2\"></span></span></span> </span></span></span></span></span></span></span></span></span></div><div class=\"t m0 h98 ffc0 fs39 fc2 sc0 ls30 ws4f gs1f6\">earning<span class=\"_ _2\"></span>s of ce<span class=\"_ _2\"></span>rtai<span class=\"_ _2\"></span>n subsidi<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>es. Suc<span class=\"_ _2\"></span>h amo<span class=\"_ _2\"></span>unts ar<span class=\"_ _2\"></span>e consid<span class=\"_ _2\"></span>ered<span class=\"_ _2\"></span> perm<span class=\"_ _2\"></span>anen<span class=\"_ _2\"></span>tly rei<span class=\"_ _2\"></span>nveste<span class=\"_ _2\"></span>d<span class=\"ls2f ws70\">, w<span class=\"_ _2\"></span>hich means t<span class=\"_ _2\"></span>hat the defe<span class=\"_ _2\"></span>rred income<span class=\"_ _2\"></span> tax liabil<span class=\"_ _2\"></span>ities will n<span class=\"_ _2\"></span>ot be re<span class=\"_ _2\"></span>alised in the f<span class=\"_ _2\"></span>oreseeable f<span class=\"_ _2\"></span>uture<span class=\"ls4c ws79\">. </span></span><span class=\"ws52\">Undis<span class=\"_ _2\"></span>tribu<span class=\"_ _2\"></span>ted<span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 h98 ffc0 fs39 fc2 sc0 ls2f ws75 gs1f7\">earnings totalled <span class=\"ls1 ws0\">$<span class=\"ls31 ws53\">4.</span>4<span class=\"_ _1\"></span> <span class=\"ls2f ws4e\">billion <span class=\"ls31 ws51\">at November 30, 202</span></span>5<span class=\"_ _1\"></span> (<span class=\"_ _1\"></span><span class=\"ls31 ws53\">2024<span class=\"ls5d wsae\">: $<span class=\"ls48 ws72\">3.9<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">billion)</span>.</span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls31 ws53\"><span class=\"ls5d wsae\"><span class=\"ls48 ws72\"><span class=\"ls1 ws0\"> </span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls31 ws53\"><span class=\"ls5d wsae\"><span class=\"ls48 ws72\"><span class=\"ls1 ws0\"><span class=\"_ _1\"></span> </span></span></span></span></span></div><div class=\"t m0 h98 ffc5 fs39 fc2 sc0 ls30 ws50 gs1f9\">The Gr<span class=\"_ _2\"></span>oup\u2019s<span class=\"_ _2\"></span> inc<span class=\"_ _2\"></span>ome <span class=\"_ _2\"></span>tax p<span class=\"_ _2\"></span>rovisi<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> made<span class=\"_ _2\"></span> in <span class=\"_ _2\"></span>line<span class=\"_ _2\"></span> with <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> ac<span class=\"_ _2\"></span>counting<span class=\"_ _2\"></span> pol<span class=\"_ _2\"></span>icy<span class=\"_ _2\"></span>.<span class=\"ffc6 ls1 ws0\"> <span class=\"ls4a ws76\">However, </span></span></div><div class=\"t m0 h98 ffc6 fs39 fc2 sc0 ls30 ws50 gs1fa\">amounts<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>erted<span class=\"_ _2\"></span> by <span class=\"_ _2\"></span>tax<span class=\"_ _2\"></span> autho<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>ties c<span class=\"_ _2\"></span>ould b<span class=\"_ _2\"></span>e gre<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>r or<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws4f\">less than<span class=\"_ _2\"></span> the amou<span class=\"_ _2\"></span>nts acc<span class=\"_ _2\"></span>rued and<span class=\"_ _2\"></span> </span></div><div class=\"t m0 h98 ffc5 fs39 fc2 sc0 ls30 ws50 gs1fb\">reflect<span class=\"_ _2\"></span>ed i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up\u2019s c<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>solid<span class=\"_ _2\"></span>ated b<span class=\"_ _2\"></span>alance<span class=\"_ _2\"></span> s<span class=\"_ _2\"></span>heet.<span class=\"_ _2\"></span><span class=\"ffc6 ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws4f\">Acc<span class=\"_ _2\"></span>ordi<span class=\"_ _2\"></span>ngly<span class=\"_ _2\"></span>, provi<span class=\"_ _2\"></span>sio<span class=\"_ _2\"></span>ns <span class=\"ws50\">have<span class=\"_ _2\"></span> been<span class=\"_ _2\"></span> made<span class=\"_ _2\"></span> to </span></span></span></div><div class=\"t m0 h98 ffc6 fs39 fc2 sc0 ls30 ws4f gs1fc\">reflect<span class=\"_ _2\"></span> unce<span class=\"_ _2\"></span>rtain<span class=\"_ _2\"></span>ties<span class=\"_ _2\"></span> in tax<span class=\"ls1 ws0\"> <span class=\"ls48 ws92\">positi<span class=\"_ _2\"></span>ons. Provisi<span class=\"_ _2\"></span>ons </span></span><span class=\"ws50\">made<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span> unce<span class=\"_ _2\"></span>rtain<span class=\"_ _2\"></span> tax<span class=\"_ _2\"></span> posi<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>s may<span class=\"_ _2\"></span> be re<span class=\"_ _2\"></span>vised<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>in </span></div><div class=\"t m0 h98 ffc6 fs39 fc2 sc0 ls30 ws50 gs1fd\">future<span class=\"_ _2\"></span> per<span class=\"_ _2\"></span>iods<span class=\"_ _2\"></span> as und<span class=\"_ _2\"></span>erly<span class=\"_ _2\"></span>ing m<span class=\"_ _2\"></span>at<span class=\"_ _2\"></span>ters a<span class=\"_ _2\"></span>re re<span class=\"_ _2\"></span>sol<span class=\"_ _2\"></span>ved or<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls47 ws71\">as<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">they develop.</span>  </span></span></span></div><div class=\"t m0 h98 ffc6 fs39 fc2 sc0 ls30 ws50 gs1fe\">During<span class=\"_ _2\"></span> 202<span class=\"_ _2\"></span>1, t<span class=\"_ _2\"></span>he Org<span class=\"_ _2\"></span>anis<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span> for E<span class=\"_ _2\"></span>conom<span class=\"_ _2\"></span>ic C<span class=\"_ _2\"></span>o<span class=\"ls1 ws0\">-<span class=\"ls2f ws75\">operation and Developmen<span class=\"_ _2\"></span>t (OECD) published a </span></span></div><div class=\"t m0 h98 ffc6 fs39 fc2 sc0 ls2f ws70 gs1ff\">framework fo<span class=\"_ _2\"></span>r the introduc<span class=\"_ _2\"></span>tion of a<span class=\"_ _2\"></span> global mi<span class=\"_ _2\"></span>nimum effective<span class=\"_ _2\"></span> tax ra<span class=\"_ _2\"></span>te of 15%, <span class=\"_ _2\"></span>applicable to l<span class=\"_ _2\"></span>arge </div><div class=\"t m0 h98 ffc5 fs39 fc2 sc0 ls30 ws50 gs200\">multi<span class=\"_ _2\"></span>natio<span class=\"_ _2\"></span>nal g<span class=\"_ _2\"></span>roups<span class=\"_ _2\"></span> (\u2018P<span class=\"_ _2\"></span>illar <span class=\"_ _2\"></span>II<span class=\"_ _2\"></span>\u2019).<span class=\"ffc6 ls1 ws0\"> </span><span class=\"ffc6\">The mand<span class=\"_ _2\"></span>ato<span class=\"_ _2\"></span>ry tem<span class=\"_ _2\"></span>pora<span class=\"_ _2\"></span>ry ex<span class=\"_ _2\"></span>cept<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>to t<span class=\"_ _2\"></span>he acc<span class=\"_ _2\"></span>oun<span class=\"_ _2\"></span>ting f<span class=\"_ _2\"></span>or d<span class=\"_ _2\"></span>efer<span class=\"_ _2\"></span>red </span></div><div class=\"t m0 h98 ffc6 fs39 fc2 sc0 ls2f ws70 gs201\">income taxes <span class=\"_ _2\"></span>arising from <span class=\"_ _2\"></span>the im<span class=\"_ _2\"></span>plementation of <span class=\"_ _2\"></span>the Pillar<span class=\"_ _2\"></span> II rules (i<span class=\"_ _2\"></span>ncluding Qualifyi<span class=\"_ _2\"></span>ng Domesti<span class=\"_ _2\"></span>c </div><div class=\"t m0 h98 ffc6 fs39 fc2 sc0 ls2f ws70 gs202\">Minimum Top<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span>U<span class=\"_ _1\"></span>p T<span class=\"_ _2\"></span>ax) is bei<span class=\"_ _2\"></span>ng app<span class=\"_ _2\"></span>lied by the G<span class=\"_ _2\"></span>roup. The mai<span class=\"_ _2\"></span>n jurisdictio<span class=\"_ _2\"></span>n that is<span class=\"_ _2\"></span> expected to<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">result </span></span></div><div class=\"t m0 h98 ffc6 fs39 fc2 sc0 ls30 ws4f gs203\">in top<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2f ws70\">up t<span class=\"_ _2\"></span>axes becomin<span class=\"ls30 ws50\">g<span class=\"_ _2\"></span> due<span class=\"_ _2\"></span> as<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Under<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ffc5 ls2f ws70\">Taxed<span class=\"_ _2\"></span> Payments R<span class=\"_ _2\"></span>ule (\u2018UTPR\u2019) b<span class=\"_ _2\"></span>ecomes applic<span class=\"_ _2\"></span>able </span></span></span></span></span></div><div class=\"t m0 h98 ffc6 fs39 fc2 sc0 ls30 ws50 gs204\">from 20<span class=\"_ _2\"></span>26<span class=\"_ _2\"></span>, is <span class=\"_ _2\"></span>the Cay<span class=\"_ _2\"></span>man<span class=\"_ _2\"></span> Isl<span class=\"_ _2\"></span>and<span class=\"_ _2\"></span>s, al<span class=\"_ _2\"></span>though<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> impac<span class=\"_ _2\"></span>t is<span class=\"_ _2\"></span> not<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>ected<span class=\"_ _2\"></span> to be<span class=\"_ _2\"></span> ma<span class=\"_ _2\"></span>terial<span class=\"_ _2\"></span>. T<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup </div><div class=\"t m0 h98 ffc6 fs39 fc2 sc0 ls2f ws70 gs205\">will continue t<span class=\"_ _2\"></span>o review g<span class=\"_ _2\"></span>uidance that m<span class=\"_ _2\"></span>ay be relea<span class=\"_ _2\"></span>sed by the OEC<span class=\"_ _2\"></span>D and gove<span class=\"_ _2\"></span>rnments impleme<span class=\"_ _2\"></span>ntin<span class=\"ls31 ws53\">g </span></div><div class=\"t m0 h98 ffc6 fs39 fc2 sc0 ls2f ws70 gs206\">this new tax <span class=\"_ _2\"></span>regime to a<span class=\"_ _2\"></span>ssess the p<span class=\"_ _2\"></span>otential impac<span class=\"_ _2\"></span>t.<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ffc6 fs39 fc2 sc0 ls2f ws70 gs207\">On December 8,<span class=\"_ _2\"></span> 2023, Be<span class=\"_ _2\"></span>rmuda introduced t<span class=\"_ _2\"></span>he Corpor<span class=\"_ _2\"></span>ate Income Tax<span class=\"_ _2\"></span> Act 2023<span class=\"_ _2\"></span> which effect<span class=\"_ _2\"></span>ively </div><div class=\"t m0 h98 ffc6 fs39 fc2 sc0 ls30 ws50 gs208\">levies<span class=\"_ _2\"></span> a co<span class=\"_ _2\"></span>rpo<span class=\"_ _2\"></span>rate i<span class=\"_ _2\"></span>ncome<span class=\"_ _2\"></span> tax<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>15%<span class=\"ls1 ws0\"> </span>on Be<span class=\"_ _2\"></span>rmuda<span class=\"_ _2\"></span> bu<span class=\"_ _2\"></span>siness<span class=\"_ _2\"></span>es t<span class=\"_ _2\"></span>hat <span class=\"_ _2\"></span>are pa<span class=\"_ _2\"></span>rt of<span class=\"_ _2\"></span> Mul<span class=\"_ _2\"></span>tina<span class=\"_ _2\"></span>tional<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ffc5 fs39 fc2 sc0 ls30 ws50 gs209\">Enterp<span class=\"_ _2\"></span>rise<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span>s wi<span class=\"_ _2\"></span>th a<span class=\"_ _2\"></span>nnual<span class=\"_ _2\"></span> re<span class=\"_ _2\"></span>venue i<span class=\"_ _2\"></span>n e<span class=\"_ _2\"></span>xcess<span class=\"_ _2\"></span> of \u20ac<span class=\"_ _2\"></span>750 m<span class=\"_ _2\"></span>illi<span class=\"_ _2\"></span>on. <span class=\"_ _2\"></span>Follow<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span><span class=\"ffc6 ls1 ws0\"> <span class=\"ls2f ws70\">detailed analysis<span class=\"_ _2\"></span>, </span> </span></div><div class=\"t m0 h98 ffc5 fs39 fc2 sc0 ls30 ws50 gs20a\">due to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span>\u2019s o<span class=\"_ _2\"></span>wners<span class=\"_ _2\"></span>hip <span class=\"_ _2\"></span>str<span class=\"_ _2\"></span>ucture<span class=\"_ _2\"></span> thi<span class=\"_ _2\"></span>s leg<span class=\"_ _2\"></span>islat<span class=\"_ _2\"></span>ion d<span class=\"_ _2\"></span>oes <span class=\"_ _2\"></span>not <span class=\"_ _2\"></span>app<span class=\"_ _2\"></span>ly to<span class=\"_ _2\"></span> <span class=\"ffc6 ls46 ws6f\">SNL<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span><span class=\"ffc6\">or its<span class=\"_ _2\"></span> Berm<span class=\"_ _2\"></span>udan </span></div><div class=\"t m0 h98 ffc6 fs39 fc2 sc0 ls30 ws50 gs20b\">subsidi<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>es as<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up <span class=\"ls2f ws70\">is <span class=\"_ _2\"></span>held less than<span class=\"_ _2\"></span> 80% by<span class=\"_ _2\"></span> its immediate<span class=\"_ _2\"></span> Bermudan <span class=\"_ _2\"></span><span class=\"ls1 ws0\">p</span></span><span class=\"ws52\">arent <span class=\"ls53 ws32\">entity.<span class=\"_ _2\"></span> Howeve<span class=\"_ _2\"></span>r, </span></span></div><div class=\"t m0 h98 ffc6 fs39 fc2 sc0 ls30 ws50 gs20c\">the Be<span class=\"_ _2\"></span>rmuda<span class=\"_ _2\"></span>n <span class=\"ls1 ws0\">p<span class=\"ls47 ws71\">arent<span class=\"_ _1\"></span> <span class=\"ls30 ws50\">entity<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>the G<span class=\"_ _2\"></span>roup c<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ffc5 ls30 ws50\">mak<span class=\"_ _2\"></span>e a<span class=\"_ _2\"></span>n ele<span class=\"_ _2\"></span>ction<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span>bring<span class=\"_ _2\"></span> in a<span class=\"_ _2\"></span>ny of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span>\u2019s<span class=\"_ _2\"></span> </span></span></span></span></span></div><div class=\"t m0 h98 ffc6 fs39 fc2 sc0 ls30 ws50 gs20d\">Bermud<span class=\"_ _2\"></span>an e<span class=\"_ _2\"></span>ntiti<span class=\"_ _2\"></span>es in<span class=\"_ _2\"></span>to it<span class=\"_ _2\"></span>s B<span class=\"_ _2\"></span>ermud<span class=\"_ _2\"></span>an Co<span class=\"_ _2\"></span>nstitue<span class=\"_ _2\"></span>nt E<span class=\"_ _2\"></span>nti<span class=\"_ _2\"></span>ty Gr<span class=\"_ _2\"></span>oup i<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>his is<span class=\"_ _2\"></span> dete<span class=\"_ _2\"></span>rmined<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>o be b<span class=\"_ _2\"></span>enef<span class=\"_ _2\"></span>icial<span class=\"_ _2\"></span>. </div><div class=\"t m0 h98 ffc6 fs39 fc2 sc0 ls30 ws50 gs20e\">No suc<span class=\"_ _2\"></span>h el<span class=\"_ _2\"></span>ecti<span class=\"_ _2\"></span>on has<span class=\"_ _2\"></span> been<span class=\"_ _2\"></span> made<span class=\"_ _2\"></span> to d<span class=\"_ _2\"></span>ate<span class=\"ls1 ws0\">.</span><span class=\"ls1 ws0\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-672": {
   "value": "Acc<span class=\"_ _3\"></span>ounti<span class=\"_ _1\"></span>ng <span class=\"ls1 ws0\">p<span class=\"_ _1\"></span><span class=\"ls6d wsa9\">olic<span class=\"_ _1\"></span>y<span class=\"ls1 ws0\"> </span></span></span>Income tax repre<span class=\"_ _2\"></span>sents the <span class=\"_ _2\"></span>sum of current ta<span class=\"_ _2\"></span>x and deferred t<span class=\"_ _2\"></span>ax. Inc<span class=\"_ _2\"></span>ome tax is rec<span class=\"_ _2\"></span>ognised in th<span class=\"_ _2\"></span>e income statement except to<span class=\"_ _2\"></span> the extent that it<span class=\"_ _2\"></span> relates <span class=\"ls5d ws92\">to<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls4c ws74\">ite<span class=\"_ _2\"></span>ms r<span class=\"ls48 ws32\">ec<span class=\"_ _2\"></span>ognised dir<span class=\"_ _2\"></span>ectly i<span class=\"_ _2\"></span>n equity <span class=\"_ _2\"></span>or o<span class=\"ls4b ws77\">t<span class=\"_ _2\"></span>her </span></span></span></span></span>comprehensive in<span class=\"_ _2\"></span>come, in which <span class=\"_ _2\"></span>case <span class=\"ls49 wsaa\">t<span class=\"_ _2\"></span>he t<span class=\"_ _2\"></span>ax tr<span class=\"_ _2\"></span>eatm<span class=\"_ _2\"></span>ent f<span class=\"_ _2\"></span>ol<span class=\"_ _2\"></span>lows<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e acc<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> tre<span class=\"_ _2\"></span>atme<span class=\"_ _2\"></span>nt f<span class=\"_ _2\"></span>or t<span class=\"_ _2\"></span>he </span>under<span class=\"_ _2\"></span>lyi<span class=\"_ _2\"></span>ng<span class=\"ls1 ws0\"> <span class=\"ls48 ws72\">item</span>. </span>Curre<span class=\"_ _2\"></span>nt t<span class=\"_ _2\"></span>ax i<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>he s<span class=\"_ _2\"></span>um of<span class=\"_ _2\"></span> tax<span class=\"_ _2\"></span> pay<span class=\"_ _2\"></span>able i<span class=\"_ _2\"></span>n <span class=\"_ _2\"></span>resp<span class=\"_ _2\"></span>ect <span class=\"_ _2\"></span>of t<span class=\"_ _2\"></span>he t<span class=\"_ _2\"></span>axab<span class=\"_ _2\"></span>le p<span class=\"_ _2\"></span>rof<span class=\"_ _2\"></span>it f<span class=\"_ _2\"></span>or t<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>nt y<span class=\"_ _2\"></span>ear<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> any<span class=\"_ _2\"></span> adjust<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>t to<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>ax pay<span class=\"_ _2\"></span>abl<span class=\"_ _2\"></span>e in <span class=\"_ _2\"></span>resp<span class=\"_ _2\"></span>ect<span class=\"_ _2\"></span> of p<span class=\"_ _2\"></span>revi<span class=\"_ _2\"></span>ous<span class=\"_ _2\"></span> year<span class=\"_ _2\"></span>s. T<span class=\"_ _2\"></span>ax<span class=\"_ _2\"></span>able i<span class=\"_ _2\"></span>nc<span class=\"_ _2\"></span>ome di<span class=\"_ _2\"></span>ffer<span class=\"_ _2\"></span>s f<span class=\"_ _2\"></span>rom p<span class=\"_ _2\"></span>rof<span class=\"_ _2\"></span>it <span class=\"_ _2\"></span>as re<span class=\"_ _2\"></span>por<span class=\"_ _2\"></span>ted<span class=\"_ _2\"></span> in t<span class=\"_ _2\"></span>he inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent b<span class=\"_ _2\"></span>ec<span class=\"_ _2\"></span>ause<span class=\"_ _2\"></span> it exc<span class=\"_ _2\"></span>lud<span class=\"_ _2\"></span>es it<span class=\"_ _2\"></span>em<span class=\"_ _2\"></span>s of <span class=\"_ _2\"></span>inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> or e<span class=\"_ _2\"></span>xpe<span class=\"_ _2\"></span>nse t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> are <span class=\"_ _2\"></span>tax<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span> or<span class=\"_ _2\"></span> deductible in <span class=\"_ _2\"></span>other years a<span class=\"_ _2\"></span>nd items t<span class=\"_ _2\"></span>hat are never t<span class=\"_ _2\"></span>axable or de<span class=\"_ _2\"></span>ductible. The <span class=\"_ _2\"></span>Group\u2019s liabilit<span class=\"_ _2\"></span>y for curre<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span> tax i<span class=\"_ _2\"></span>s c<span class=\"_ _2\"></span>alcul<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> usi<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>ax<span class=\"_ _2\"></span> rat<span class=\"_ _2\"></span>es t<span class=\"_ _2\"></span>hat <span class=\"_ _2\"></span>have<span class=\"_ _2\"></span> bee<span class=\"_ _2\"></span>n en<span class=\"_ _2\"></span>acte<span class=\"_ _2\"></span>d or<span class=\"_ _2\"></span> sub<span class=\"_ _2\"></span>stant<span class=\"_ _2\"></span>ive<span class=\"_ _2\"></span>ly e<span class=\"_ _2\"></span>nac<span class=\"_ _2\"></span>ted b<span class=\"_ _2\"></span>y t<span class=\"_ _2\"></span>he bala<span class=\"_ _2\"></span>nce s<span class=\"_ _2\"></span>hee<span class=\"_ _2\"></span>t dat<span class=\"_ _2\"></span>e.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The Group oper<span class=\"_ _2\"></span>ates in many t<span class=\"_ _2\"></span>erritories with<span class=\"_ _2\"></span> complex and <span class=\"_ _2\"></span>varied tax sy<span class=\"_ _2\"></span>stems.<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">Management<span class=\"_ _2\"></span> exercis<span class=\"_ _2\"></span>es </span></span>judge<span class=\"_ _2\"></span>me<span class=\"_ _2\"></span>nt in r<span class=\"_ _2\"></span>el<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> leve<span class=\"_ _2\"></span>l <span class=\"_ _2\"></span>of<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">provision required i<span class=\"_ _2\"></span>n respect <span class=\"_ _2\"></span>of uncert<span class=\"_ _2\"></span>ain tax positi<span class=\"_ _2\"></span>ons. For </span></span>po<span class=\"_ _1\"></span>sit<span class=\"_ _1\"></span>ions<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>no<span class=\"_ _1\"></span>t agr<span class=\"_ _1\"></span>eed w<span class=\"_ _1\"></span>ith ta<span class=\"_ _1\"></span>x auth<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ities<span class=\"_ _1\"></span> whe<span class=\"_ _1\"></span>re dif<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>ent in<span class=\"_ _1\"></span>terp<span class=\"_ _1\"></span>reta<span class=\"_ _1\"></span>tion<span class=\"_ _1\"></span>s of<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls54 ws70\">legislation could lead to </span></span>a<span class=\"_ _1\"></span> <span class=\"ls49 wsaa\">rang<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> outc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span>s, j<span class=\"_ _2\"></span>udge<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e mad<span class=\"_ _2\"></span>e f<span class=\"_ _2\"></span>or e<span class=\"_ _2\"></span>ach<span class=\"_ _2\"></span> posi<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>on co<span class=\"_ _2\"></span>nsi<span class=\"_ _2\"></span>deri<span class=\"_ _2\"></span>ng p<span class=\"_ _2\"></span>artic<span class=\"_ _2\"></span>ul<span class=\"_ _2\"></span>ar ci<span class=\"_ _2\"></span>rcu<span class=\"_ _2\"></span>mst<span class=\"_ _2\"></span>ances<span class=\"_ _2\"></span> </span>and advi<span class=\"_ _2\"></span>ce<span class=\"_ _2\"></span> obtai<span class=\"_ _2\"></span>ned.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Deferred t<span class=\"_ _2\"></span>ax is t<span class=\"_ _2\"></span>he tax<span class=\"_ _2\"></span> expected t<span class=\"_ _2\"></span>o be pa<span class=\"_ _2\"></span>yable or<span class=\"_ _2\"></span> reco<span class=\"_ _2\"></span>verable o<span class=\"_ _2\"></span>n tempor<span class=\"_ _2\"></span>ary diffe<span class=\"_ _2\"></span>rences bet<span class=\"_ _2\"></span>ween t<span class=\"_ _2\"></span>he carryi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> amo<span class=\"_ _2\"></span>unt<span class=\"_ _2\"></span>s of a<span class=\"_ _2\"></span>sse<span class=\"_ _2\"></span>ts <span class=\"_ _2\"></span>and l<span class=\"_ _2\"></span>iab<span class=\"_ _2\"></span>ilit<span class=\"_ _2\"></span>ie<span class=\"_ _2\"></span>s for<span class=\"_ _2\"></span> fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al r<span class=\"_ _2\"></span>epor<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>ng p<span class=\"_ _2\"></span>urpo<span class=\"_ _2\"></span>ses <span class=\"_ _2\"></span>and t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>corr<span class=\"_ _2\"></span>esp<span class=\"_ _2\"></span>ondi<span class=\"_ _2\"></span>ng amou<span class=\"_ _2\"></span>nts u<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> in t<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>alc<span class=\"_ _2\"></span>ulati<span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>of t<span class=\"_ _2\"></span>axabl<span class=\"_ _2\"></span>e i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e. T<span class=\"_ _2\"></span>he f<span class=\"_ _2\"></span>oll<span class=\"_ _2\"></span><span class=\"ls2f ws2f\">owing <span class=\"_ _2\"></span>temporary differe<span class=\"_ _2\"></span>nces are not </span>provid<span class=\"_ _2\"></span>ed for<span class=\"_ _2\"></span><span class=\"ls1\">: <span class=\"_ _1\"></span><span class=\"ls54 ws70\">the initial recognition of goodwill for<span class=\"_ _2\"></span> which no tax deduction is a<span class=\"_ _2\"></span>vailable<span class=\"ls1 ws0\">; <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">the i<span class=\"_ _2\"></span>nit<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> </span></span></span></span>recog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> asset<span class=\"_ _2\"></span>s or li<span class=\"_ _2\"></span>abi<span class=\"_ _2\"></span>liti<span class=\"_ _2\"></span>es that<span class=\"_ _2\"></span> affe<span class=\"_ _2\"></span>ct<span class=\"_ _2\"></span> neit<span class=\"_ _2\"></span>her acc<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> nor<span class=\"_ _2\"></span> taxabl<span class=\"_ _2\"></span>e prof<span class=\"_ _2\"></span>it ot<span class=\"_ _2\"></span>her t<span class=\"_ _2\"></span>han<span class=\"_ _2\"></span> in a busi<span class=\"_ _2\"></span>ness<span class=\"_ _2\"></span> comb<span class=\"_ _2\"></span>i<span class=\"ws78\">n<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\">; <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">a<span class=\"_ _2\"></span>nd dif<span class=\"_ _2\"></span>fer<span class=\"_ _2\"></span>ence<span class=\"_ _2\"></span>s re<span class=\"_ _2\"></span>lati<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>o in<span class=\"_ _2\"></span>vest<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s in<span class=\"_ _2\"></span> sub<span class=\"_ _2\"></span>sidi<span class=\"_ _2\"></span>arie<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> ve<span class=\"_ _2\"></span>nture<span class=\"_ _2\"></span>s if<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></span></span></span>it is prob<span class=\"_ _2\"></span>able t<span class=\"_ _2\"></span>hat the<span class=\"_ _2\"></span> tempora<span class=\"_ _2\"></span>ry diff<span class=\"_ _2\"></span>erence will<span class=\"_ _2\"></span> not re<span class=\"_ _2\"></span>verse i<span class=\"_ _2\"></span>n the fores<span class=\"_ _2\"></span>eeable f<span class=\"_ _2\"></span>uture <span class=\"_ _2\"></span>and the<span class=\"_ _2\"></span> Group can control t<span class=\"_ _2\"></span>he reversal. T<span class=\"_ _2\"></span>he amount of <span class=\"_ _2\"></span>deferred t<span class=\"_ _2\"></span>ax provided is b<span class=\"_ _2\"></span>ased on t<span class=\"_ _2\"></span>he expected m<span class=\"_ _2\"></span>anner of realisati<span class=\"_ _2\"></span>on or set<span class=\"_ _2\"></span>tlement<span class=\"_ _2\"></span> of<span class=\"ls1 ws0\"> <span class=\"ls49 ws7c\">the ca<span class=\"_ _2\"></span>rryi<span class=\"_ _2\"></span>ng am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> of asse<span class=\"_ _2\"></span>ts a<span class=\"_ _2\"></span>nd liab<span class=\"_ _2\"></span>il<span class=\"_ _2\"></span>itie<span class=\"_ _2\"></span>s, usi<span class=\"_ _2\"></span>ng tax<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span>s enact<span class=\"_ _2\"></span>ed o<span class=\"_ _2\"></span>r </span></span>subst<span class=\"_ _2\"></span>anti<span class=\"_ _2\"></span>vely<span class=\"_ _2\"></span> e<span class=\"_ _2\"></span>nacte<span class=\"_ _2\"></span>d at<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e bal<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> <span class=\"ls48 ws72\">sheet<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>date.<span class=\"ls1 ws0\"> </span></span>The car<span class=\"_ _2\"></span>ryi<span class=\"_ _2\"></span>ng amo<span class=\"_ _2\"></span>unt<span class=\"_ _2\"></span> of defer<span class=\"_ _2\"></span>red<span class=\"_ _2\"></span> tax as<span class=\"_ _2\"></span>sets<span class=\"_ _2\"></span> is revi<span class=\"_ _2\"></span>ewe<span class=\"_ _2\"></span>d at eac<span class=\"_ _2\"></span>h bal<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> sheet<span class=\"_ _2\"></span> date<span class=\"_ _2\"></span> and rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> only<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he ex<span class=\"_ _2\"></span>tent<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>hat i<span class=\"_ _2\"></span>t i<span class=\"_ _2\"></span>s pr<span class=\"_ _2\"></span>obab<span class=\"_ _2\"></span>le th<span class=\"_ _2\"></span>at s<span class=\"_ _2\"></span>uff<span class=\"_ _2\"></span>icie<span class=\"_ _2\"></span>nt f<span class=\"_ _2\"></span>utur<span class=\"_ _2\"></span>e t<span class=\"_ _2\"></span>axabl<span class=\"_ _2\"></span>e i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e wi<span class=\"_ _2\"></span>ll b<span class=\"_ _2\"></span>e av<span class=\"_ _2\"></span>ail<span class=\"_ _2\"></span>able <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>all<span class=\"_ _2\"></span>ow th<span class=\"_ _2\"></span>e asset to be utilis<span class=\"_ _2\"></span>ed based on <span class=\"ls1 ws0\">B<span class=\"ls2f ws4e\">oard</span>-<span class=\"_ _1\"></span><span class=\"ls49 wsaa\">ap<span class=\"_ _2\"></span>pro<span class=\"_ _2\"></span>ved<span class=\"_ _2\"></span> budg<span class=\"_ _2\"></span>ets<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> up<span class=\"ls1 ws0\">-<span class=\"ls61 ws89\">to</span>-</span>date e<span class=\"_ _2\"></span>xpect<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span> of f<span class=\"_ _2\"></span>utur<span class=\"_ _2\"></span>e t<span class=\"_ _2\"></span>radi<span class=\"_ _2\"></span>ng.<span class=\"_ _2\"></span> </span></span>Deferred t<span class=\"_ _2\"></span>ax asset<span class=\"_ _2\"></span>s and li<span class=\"_ _2\"></span>abiliti<span class=\"_ _2\"></span>es are <span class=\"_ _2\"></span>offset w<span class=\"_ _2\"></span>hen ther<span class=\"_ _2\"></span>e is <span class=\"_ _2\"></span>a legally<span class=\"_ _2\"></span> enforc<span class=\"_ _2\"></span>eable rig<span class=\"_ _2\"></span>ht to <span class=\"_ _2\"></span>set off<span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">and<span class=\"_ _2\"></span> </span></span>where<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">balance<span class=\"_ _2\"></span>s rel<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> sam<span class=\"_ _2\"></span>e tax<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>auth<span class=\"_ _2\"></span>ority<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> Curr<span class=\"_ _2\"></span>ent t<span class=\"_ _2\"></span>ax <span class=\"_ _2\"></span>asset<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>are se<span class=\"_ _2\"></span>t of<span class=\"_ _2\"></span>f <span class=\"_ _2\"></span>again<span class=\"_ _2\"></span>st </span></span>curren<span class=\"ls49 wsaa\">t tax<span class=\"_ _2\"></span> li<span class=\"_ _2\"></span>abili<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>es w<span class=\"_ _2\"></span>hen t<span class=\"_ _2\"></span>hey<span class=\"_ _2\"></span> re<span class=\"_ _2\"></span>late t<span class=\"_ _2\"></span>o i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e tax<span class=\"_ _2\"></span>es l<span class=\"_ _2\"></span>evi<span class=\"_ _2\"></span>ed b<span class=\"_ _2\"></span>y t<span class=\"_ _2\"></span>he s<span class=\"_ _2\"></span>ame t<span class=\"_ _2\"></span>axat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> aut<span class=\"_ _2\"></span>hori<span class=\"_ _2\"></span>ty<span class=\"_ _2\"></span><span class=\"ls61 wsac\">. T<span class=\"ls4b ws77\">he </span></span></span>Group<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ends<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> sett<span class=\"_ _2\"></span>le it<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>curr<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> tax<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>ets<span class=\"_ _2\"></span> and l<span class=\"_ _2\"></span>iab<span class=\"_ _2\"></span>ilit<span class=\"_ _2\"></span>ies <span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>a net<span class=\"_ _2\"></span> basi<span class=\"_ _2\"></span>s<span class=\"ls61 ws89\">. <span class=\"ls73 wsb6\">The<span class=\"_ _1\"></span> Com<span class=\"_ _1\"></span>pany is<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></span></span>in<span class=\"_ _1\"></span>corpo<span class=\"_ _1\"></span>rate<span class=\"_ _1\"></span>d in Be<span class=\"_ _1\"></span>rmuda<span class=\"ls1 ws0\">,<span class=\"_ _3\"></span> <span class=\"ls49 ws7c\">whic<span class=\"_ _2\"></span>h is a no<span class=\"_ _2\"></span>n</span>-<span class=\"ls54 ws75\">taxable juris<span class=\"_ _1\"></span>dictio<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls48 ws32\">for th<span class=\"_ _2\"></span>e years e<span class=\"_ _2\"></span>nded Nov<span class=\"_ _2\"></span>ember 30,<span class=\"_ _2\"></span> 202<span class=\"_ _2\"></span><span class=\"ls54 ws83\">5 </span></span></span></span></span>and 2<span class=\"_ _2\"></span>02<span class=\"ls54 ws83\">4.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-691": {
   "value": "Deferred t<span class=\"_ _2\"></span>ax is t<span class=\"_ _2\"></span>he tax<span class=\"_ _2\"></span> expected t<span class=\"_ _2\"></span>o be pa<span class=\"_ _2\"></span>yable or<span class=\"_ _2\"></span> reco<span class=\"_ _2\"></span>verable o<span class=\"_ _2\"></span>n tempor<span class=\"_ _2\"></span>ary diffe<span class=\"_ _2\"></span>rences bet<span class=\"_ _2\"></span>ween t<span class=\"_ _2\"></span>he carryi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> amo<span class=\"_ _2\"></span>unt<span class=\"_ _2\"></span>s of a<span class=\"_ _2\"></span>sse<span class=\"_ _2\"></span>ts <span class=\"_ _2\"></span>and l<span class=\"_ _2\"></span>iab<span class=\"_ _2\"></span>ilit<span class=\"_ _2\"></span>ie<span class=\"_ _2\"></span>s for<span class=\"_ _2\"></span> fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al r<span class=\"_ _2\"></span>epor<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>ng p<span class=\"_ _2\"></span>urpo<span class=\"_ _2\"></span>ses <span class=\"_ _2\"></span>and t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>corr<span class=\"_ _2\"></span>esp<span class=\"_ _2\"></span>ondi<span class=\"_ _2\"></span>ng amou<span class=\"_ _2\"></span>nts u<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> in t<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>alc<span class=\"_ _2\"></span>ulati<span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>of t<span class=\"_ _2\"></span>axabl<span class=\"_ _2\"></span>e i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e. T<span class=\"_ _2\"></span>he f<span class=\"_ _2\"></span>oll<span class=\"_ _2\"></span><span class=\"ls2f ws2f\">owing <span class=\"_ _2\"></span>temporary differe<span class=\"_ _2\"></span>nces are not </span>provid<span class=\"_ _2\"></span>ed for<span class=\"_ _2\"></span><span class=\"ls1\">: <span class=\"_ _1\"></span><span class=\"ls54 ws70\">the initial recognition of goodwill for<span class=\"_ _2\"></span> which no tax deduction is a<span class=\"_ _2\"></span>vailable<span class=\"ls1 ws0\">; <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">the i<span class=\"_ _2\"></span>nit<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> </span></span></span></span>recog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> asset<span class=\"_ _2\"></span>s or li<span class=\"_ _2\"></span>abi<span class=\"_ _2\"></span>liti<span class=\"_ _2\"></span>es that<span class=\"_ _2\"></span> affe<span class=\"_ _2\"></span>ct<span class=\"_ _2\"></span> neit<span class=\"_ _2\"></span>her acc<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> nor<span class=\"_ _2\"></span> taxabl<span class=\"_ _2\"></span>e prof<span class=\"_ _2\"></span>it ot<span class=\"_ _2\"></span>her t<span class=\"_ _2\"></span>han<span class=\"_ _2\"></span> in a busi<span class=\"_ _2\"></span>ness<span class=\"_ _2\"></span> comb<span class=\"_ _2\"></span>i<span class=\"ws78\">n<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\">; <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">a<span class=\"_ _2\"></span>nd dif<span class=\"_ _2\"></span>fer<span class=\"_ _2\"></span>ence<span class=\"_ _2\"></span>s re<span class=\"_ _2\"></span>lati<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>o in<span class=\"_ _2\"></span>vest<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s in<span class=\"_ _2\"></span> sub<span class=\"_ _2\"></span>sidi<span class=\"_ _2\"></span>arie<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> ve<span class=\"_ _2\"></span>nture<span class=\"_ _2\"></span>s if<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></span></span></span>it is prob<span class=\"_ _2\"></span>able t<span class=\"_ _2\"></span>hat the<span class=\"_ _2\"></span> tempora<span class=\"_ _2\"></span>ry diff<span class=\"_ _2\"></span>erence will<span class=\"_ _2\"></span> not re<span class=\"_ _2\"></span>verse i<span class=\"_ _2\"></span>n the fores<span class=\"_ _2\"></span>eeable f<span class=\"_ _2\"></span>uture <span class=\"_ _2\"></span>and the<span class=\"_ _2\"></span> Group can control t<span class=\"_ _2\"></span>he reversal. T<span class=\"_ _2\"></span>he amount of <span class=\"_ _2\"></span>deferred t<span class=\"_ _2\"></span>ax provided is b<span class=\"_ _2\"></span>ased on t<span class=\"_ _2\"></span>he expected m<span class=\"_ _2\"></span>anner of realisati<span class=\"_ _2\"></span>on or set<span class=\"_ _2\"></span>tlement<span class=\"_ _2\"></span> of<span class=\"ls1 ws0\"> <span class=\"ls49 ws7c\">the ca<span class=\"_ _2\"></span>rryi<span class=\"_ _2\"></span>ng am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> of asse<span class=\"_ _2\"></span>ts a<span class=\"_ _2\"></span>nd liab<span class=\"_ _2\"></span>il<span class=\"_ _2\"></span>itie<span class=\"_ _2\"></span>s, usi<span class=\"_ _2\"></span>ng tax<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span>s enact<span class=\"_ _2\"></span>ed o<span class=\"_ _2\"></span>r </span></span>subst<span class=\"_ _2\"></span>anti<span class=\"_ _2\"></span>vely<span class=\"_ _2\"></span> e<span class=\"_ _2\"></span>nacte<span class=\"_ _2\"></span>d at<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e bal<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> <span class=\"ls48 ws72\">sheet<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>date.<span class=\"ls1 ws0\"> </span></span>The car<span class=\"_ _2\"></span>ryi<span class=\"_ _2\"></span>ng amo<span class=\"_ _2\"></span>unt<span class=\"_ _2\"></span> of defer<span class=\"_ _2\"></span>red<span class=\"_ _2\"></span> tax as<span class=\"_ _2\"></span>sets<span class=\"_ _2\"></span> is revi<span class=\"_ _2\"></span>ewe<span class=\"_ _2\"></span>d at eac<span class=\"_ _2\"></span>h bal<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> sheet<span class=\"_ _2\"></span> date<span class=\"_ _2\"></span> and rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> only<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he ex<span class=\"_ _2\"></span>tent<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>hat i<span class=\"_ _2\"></span>t i<span class=\"_ _2\"></span>s pr<span class=\"_ _2\"></span>obab<span class=\"_ _2\"></span>le th<span class=\"_ _2\"></span>at s<span class=\"_ _2\"></span>uff<span class=\"_ _2\"></span>icie<span class=\"_ _2\"></span>nt f<span class=\"_ _2\"></span>utur<span class=\"_ _2\"></span>e t<span class=\"_ _2\"></span>axabl<span class=\"_ _2\"></span>e i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e wi<span class=\"_ _2\"></span>ll b<span class=\"_ _2\"></span>e av<span class=\"_ _2\"></span>ail<span class=\"_ _2\"></span>able <span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>all<span class=\"_ _2\"></span>ow th<span class=\"_ _2\"></span>e asset to be utilis<span class=\"_ _2\"></span>ed based on <span class=\"ls1 ws0\">B<span class=\"ls2f ws4e\">oard</span>-<span class=\"_ _1\"></span><span class=\"ls49 wsaa\">ap<span class=\"_ _2\"></span>pro<span class=\"_ _2\"></span>ved<span class=\"_ _2\"></span> budg<span class=\"_ _2\"></span>ets<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> up<span class=\"ls1 ws0\">-<span class=\"ls61 ws89\">to</span>-</span>date e<span class=\"_ _2\"></span>xpect<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span> of f<span class=\"_ _2\"></span>utur<span class=\"_ _2\"></span>e t<span class=\"_ _2\"></span>radi<span class=\"_ _2\"></span>ng.<span class=\"_ _2\"></span> </span></span>Deferred t<span class=\"_ _2\"></span>ax asset<span class=\"_ _2\"></span>s and li<span class=\"_ _2\"></span>abiliti<span class=\"_ _2\"></span>es are <span class=\"_ _2\"></span>offset w<span class=\"_ _2\"></span>hen ther<span class=\"_ _2\"></span>e is <span class=\"_ _2\"></span>a legally<span class=\"_ _2\"></span> enforc<span class=\"_ _2\"></span>eable rig<span class=\"_ _2\"></span>ht to <span class=\"_ _2\"></span>set off<span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">and<span class=\"_ _2\"></span> </span></span>where<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">balance<span class=\"_ _2\"></span>s rel<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> sam<span class=\"_ _2\"></span>e tax<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>auth<span class=\"_ _2\"></span>ority<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> Curr<span class=\"_ _2\"></span>ent t<span class=\"_ _2\"></span>ax <span class=\"_ _2\"></span>asset<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>are se<span class=\"_ _2\"></span>t of<span class=\"_ _2\"></span>f <span class=\"_ _2\"></span>again<span class=\"_ _2\"></span>st </span></span>curren<span class=\"ls49 wsaa\">t tax<span class=\"_ _2\"></span> li<span class=\"_ _2\"></span>abili<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>es w<span class=\"_ _2\"></span>hen t<span class=\"_ _2\"></span>hey<span class=\"_ _2\"></span> re<span class=\"_ _2\"></span>late t<span class=\"_ _2\"></span>o i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e tax<span class=\"_ _2\"></span>es l<span class=\"_ _2\"></span>evi<span class=\"_ _2\"></span>ed b<span class=\"_ _2\"></span>y t<span class=\"_ _2\"></span>he s<span class=\"_ _2\"></span>ame t<span class=\"_ _2\"></span>axat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> aut<span class=\"_ _2\"></span>hori<span class=\"_ _2\"></span>ty<span class=\"_ _2\"></span><span class=\"ls61 wsac\">. T<span class=\"ls4b ws77\">he </span></span></span>Group<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ends<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> sett<span class=\"_ _2\"></span>le it<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>curr<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> tax<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>ets<span class=\"_ _2\"></span> and l<span class=\"_ _2\"></span>iab<span class=\"_ _2\"></span>ilit<span class=\"_ _2\"></span>ies <span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>a net<span class=\"_ _2\"></span> basi<span class=\"_ _2\"></span>s<span class=\"ls61 ws89\">. <span class=\"ls73 wsb6\">The<span class=\"_ _1\"></span> Com<span class=\"_ _1\"></span>pany is<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></span></span>in<span class=\"_ _1\"></span>corpo<span class=\"_ _1\"></span>rate<span class=\"_ _1\"></span>d in Be<span class=\"_ _1\"></span>rmuda<span class=\"ls1 ws0\">,<span class=\"_ _3\"></span> <span class=\"ls49 ws7c\">whic<span class=\"_ _2\"></span>h is a no<span class=\"_ _2\"></span>n</span>-<span class=\"ls54 ws75\">taxable juris<span class=\"_ _1\"></span>dictio<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls48 ws32\">for th<span class=\"_ _2\"></span>e years e<span class=\"_ _2\"></span>nded Nov<span class=\"_ _2\"></span>ember 30,<span class=\"_ _2\"></span> 202<span class=\"_ _2\"></span><span class=\"ls54 ws83\">5 </span></span></span></span></span>and 2<span class=\"_ _2\"></span>02<span class=\"ls54 ws83\">4.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-643": {
   "value": "<table class=\"s w15b h122\" id=\"_c7f1dbe0-5a21-4509-9712-8c7f9841217d\"><tr><td></td><td class=\"c x2cb y2bf6 w6d hb7\"><div class=\"t m0 x17b h82 y1f54 ffb8 fs3b fc2 sc0 ls19 ws2d\">For<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">the</span> years en<span class=\"_ _2\"></span>ded November <span class=\"ls1b ws2f\">30</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2bf7 w152 h102\"><div class=\"t m0 x245 h82 y29a6 ffb8 fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2bf h82 y29a7 ffb8 fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x2cc y2bf8 w48 h83\"><div class=\"t m0 x177 h85 y1f57 ffb5 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bf8 w55 h83\"><div class=\"t m0 x177 h82 y1f57 ffb8 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2bf9 w6c h86\"><div class=\"t m0 x0 h88 y1be8 ffb8 fs3a fc2 sc0 ls22 ws37\">Current income ta<span class=\"_ _1\"></span>x expense<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2bf9 w48 h86\"><div class=\"t m0 x179 h87 y1be8 ffb5 fs3a fc2 sc0 ls23 ws39\">32,974<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bf9 w55 h86\"><div class=\"t m0 x183 h88 y1be8 ffb8 fs3a fc2 sc0 ls20 ws36\">13<span class=\"ls1 ws0\">,</span>715<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2bfa w6c h8a\"><div class=\"t m0 x0 h88 y1c65 ffb8 fs3a fc2 sc0 ls22 ws37\">Adjus<span class=\"_ _1\"></span>tments in respect of prior yea<span class=\"_ _1\"></span>rs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2bfa w48 h8a\"><div class=\"t m0 x185 h87 y1c65 ffb5 fs3a fc2 sc0 ls21 ws35\">4,34<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bfa w55 h8a\"><div class=\"t m0 x183 h88 y1c65 ffb8 fs3a fc2 sc0 ls20 ws36\">13,500<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2cc y2bfb w48 h86\"><div class=\"t m0 x179 h87 y1bef ffb5 fs3a fc2 sc0 ls23 ws39\">37,320<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bfb w55 h86\"><div class=\"t m0 x183 h88 y1bef ffb8 fs3a fc2 sc0 ls1 ws0\">2<span class=\"_ _1\"></span>7,<span class=\"_ _1\"></span><span class=\"ls20 ws36\">21<span class=\"_ _2\"></span>5</span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></div></td></tr><tr><td class=\"c x241 y2bfc w6c h86\"><div class=\"t m0 x0 h88 y1c4c ffb8 fs3a fc2 sc0 ls26 ws3d\">Deferred incom<span class=\"_ _1\"></span>e tax<span class=\"ls1 ws0\"> </span><span class=\"ws47\">expens<span class=\"_ _1\"></span>e</span><span class=\"ws47\"> <span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2cc y2bfc w48 h86\"><div class=\"t m0 x179 h87 y1c4c ffb5 fs3a fc2 sc0 ls23 ws39\">10,620<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bfc w55 h86\"><div class=\"t m0 x183 h88 y1c4c ffb8 fs3a fc2 sc0 ls20 ws36\">21<span class=\"ls1 ws0\">,</span>130<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2bfd w6c h86\"><div class=\"t m0 x0 h88 y1bef ffb8 fs3a fc2 sc0 ls22 ws37\">Adjus<span class=\"_ _1\"></span>tments in respect of prior yea<span class=\"_ _1\"></span>rs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2bfd w25 h86\"><div class=\"t m0 x179 h87 y1bef ffb5 fs3a fc2 sc0 ls21 ws35\">(8,19<span class=\"_ _2\"></span>1)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bfd w56 h86\"><div class=\"t m0 x186 h88 y1bef ffb8 fs3a fc2 sc0 ls20 ws36\">(1,989<span class=\"ls1 ws0\">) </span></div></td></tr><tr><td></td><td class=\"c x2cc y2bfe w48 ha4\"><div class=\"t m0 x185 h87 y1c4d ffb5 fs3a fc2 sc0 ls21 ws35\">2,42<span class=\"_ _2\"></span>9<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bfe w55 ha4\"><div class=\"t m0 x183 h88 y1c4d ffb8 fs3a fc2 sc0 ls1 ws0\">1<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span><span class=\"ls20 ws36\">14<span class=\"_ _2\"></span>1</span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></div></td></tr><tr><td class=\"c x241 y2bff w6c h86\"><div class=\"t m0 x0 h87 y1bfa ffb5 fs3a fc2 sc0 ls1f ws33\">Total in<span class=\"_ _2\"></span>come tax exp<span class=\"_ _2\"></span>ense<span class=\"ls1 ws0\">  </span></div></td><td class=\"c x2cc y2bff w48 h86\"><div class=\"t m0 x179 h87 y1bfa ffb5 fs3a fc2 sc0 ls23 ws39\">39,749<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2bff w55 h86\"><div class=\"t m0 x183 h88 y1bfa ffb8 fs3a fc2 sc0 ls20 ws36\">46,356<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table><table class=\"s w15c h123\" id=\"_52d07199-6147-4e79-ab6c-2433652bc740\"><tr><td class=\"c x246 y2c00 w14a h102\"><div class=\"t m0 x245 h82 y29a6 ffc0 fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2a3 h82 y29a7 ffc0 fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td></td><td></td><td></td><td class=\"c x2ce y2c01 w15d h102\"><div class=\"t m0 x245 h82 y29a7 ffc0 fs3b fc2 sc0 ls3a ws9b\">Right<span class=\"ls1 ws0\">-of-u<span class=\"_ _195\"> </span></span></div><div class=\"t m0 x2cd h82 y29a6 ffc0 fs3b fc2 sc0 ls1d ws31\">se<span class=\"_ _195\"> </span></div></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x2cf y2c02 w15e h103\"><div class=\"t m0 x245 h82 y29a6 ffc0 fs3b fc2 sc0 ls1 ws32\">Accelerated tax<span class=\"_ _195\"> </span></div></td><td class=\"c x2d0 y2c02 w15f h103\"><div class=\"t m0 x245 h82 y29a6 ffc0 fs3b fc2 sc0 ls1 ws9b\">Retirement benefit<span class=\"_ _195\"> </span></div></td><td></td><td class=\"t m0 x2d1 h82 y2c03 ffc0 fs3b fc2 sc0 ls1 ws0\">a<span class=\"ls1d ws31\">ssets/</span>l<span class=\"ls1d ws31\">ea<span class=\"_ _2\"></span>se<span class=\"_ _195\"> </span></span></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x2d2 y2c04 w160 h103\"><div class=\"t m0 x245 h82 y29a6 ffc0 fs3b fc2 sc0 ls1 ws0\">depreciation<span class=\"_ _195\"> </span></div></td><td class=\"c x2d3 y2c04 w161 h103\"><div class=\"t m0 x245 h82 y29a6 ffc0 fs3b fc2 sc0 ls1 ws0\">obligations<span class=\"_ _195\"> </span></div></td><td class=\"c x2d4 y2c05 w70 hc3\"><div class=\"t m0 x181 h82 y2006 ffc0 fs3b fc2 sc0 ls1d ws49\">Tax losses<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2c05 w74 hc3\"><div class=\"t m0 x99 h82 y200a ffc0 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x47 h82 y2006 ffc0 fs3b fc2 sc0 ls1 ws0\">l<span class=\"ls2d ws4a\">iability</span> </div></td><td class=\"c x2d6 y2c05 w70 hc3\"><div class=\"t m0 x99 h82 y2004 ffc0 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x99 h82 y200b ffc0 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x181 h82 y200c ffc0 fs3b fc2 sc0 ls1 ws0\">Derivatives </div></td><td class=\"c x2d7 y2c05 w76 hc3\"><div class=\"t m0 x177 h82 y2006 ffc0 fs3b fc2 sc0 ls1 ws0\">Other </div></td><td class=\"c x2d8 y2c05 w78 hc3\"><div class=\"t m0 x171 h82 y2006 ffc0 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2c06 w6e h8a\"><div class=\"t m0 x0 h87 y1be6 ffbf fs3a fc2 sc0 ls1f ws3e\">Balan<span class=\"_ _2\"></span>ce, December 1, 2023<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d9 y2c06 w79 h8a\"><div class=\"t m0 x181 h87 y1be6 ffbf fs3a fc2 sc0 ls21 ws35\">(88,2<span class=\"_ _2\"></span>51)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2da y2c06 w7a h8a\"><div class=\"t m0 x183 h87 y1be6 ffbf fs3a fc2 sc0 ls21 ws35\">(1,13<span class=\"_ _2\"></span>7)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d4 y2c06 w70 h8a\"><div class=\"t m0 x179 h87 y1be6 ffbf fs3a fc2 sc0 ls23 ws39\">17,238<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2c06 w74 h8a\"><div class=\"t m0 x1cd h87 y1be6 ffc1 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ffbf\"> </span></div></td><td class=\"c x2d6 y2c06 w70 h8a\"><div class=\"t m0 x171 h87 y1be6 ffbf fs3a fc2 sc0 ls21 ws35\">620<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d7 y2c06 w76 h8a\"><div class=\"t m0 x1a0 h87 y1be6 ffbf fs3a fc2 sc0 ls21 ws35\">158<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d8 y2c06 w7b h8a\"><div class=\"t m0 x187 h87 y1be6 ffbf fs3a fc2 sc0 ls21 ws35\">(71,3<span class=\"_ _2\"></span>72)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c07 w6e h86\"><div class=\"t m0 x0 h88 y1be8 ffc0 fs3a fc2 sc0 ls23 ws4b\">(Charg<span class=\"_ _1\"></span>e) credit to <span class=\"ls1 ws0\">i<span class=\"_ _1\"></span><span class=\"ls26 ws3d\">ncome statement<span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2d9 y2c07 w79 h86\"><div class=\"t m0 x182 h88 y1be8 ffc0 fs3a fc2 sc0 ls20 ws36\">(5,943<span class=\"ls1 ws0\">) </span></div></td><td class=\"c x2da y2c07 w70 h86\"><div class=\"t m0 x1ce h88 y1be8 ffc0 fs3a fc2 sc0 ls20 ws36\">2,532<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d4 y2c07 w7c h86\"><div class=\"t m0 x18f h88 y1be8 ffc0 fs3a fc2 sc0 ls20 ws36\">(11,234<span class=\"ls1 ws0\">) </span></div></td><td class=\"c x2d5 y2c07 w74 h86\"><div class=\"t m0 x1be h88 y1be8 ffc0 fs3a fc2 sc0 ls20 ws36\">288<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d6 y2c07 w70 h86\"><div class=\"t m0 xb6 h88 y1be8 ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> </span></div></td><td class=\"c x2d7 y2c07 w7c h86\"><div class=\"t m0 x182 h88 y1be8 ffc0 fs3a fc2 sc0 ls2a ws45\">(4,78<span class=\"_ _2\"></span><span class=\"ls20 ws36\">4</span><span class=\"ls20 ws36\">)<span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2d8 y2c07 w7b h86\"><div class=\"t m0 x179 h88 y1be8 ffc0 fs3a fc2 sc0 ls1 ws0\">(<span class=\"_ _1\"></span><span class=\"ls20 ws36\">19,<span class=\"_ _2\"></span>141)<span class=\"ls1 ws0\"> </span></span></div></td></tr><tr><td class=\"c x24b y2c08 w6e h86\"><div class=\"t m0 x0 h88 y1c3e ffc0 fs3a fc2 sc0 ls74 wsb7\">(C<span class=\"ls75 wsb8\">har<span class=\"_ _2\"></span>ge</span><span class=\"ls75 wsb8\"><span class=\"ls76 ws4b\">) cre<span class=\"_ _2\"></span>dit <span class=\"wsb9\">to <span class=\"_ _1\"></span><span class=\"ls1 ws0\">o<span class=\"_ _1\"></span><span class=\"ls77 ws3d\">ther<span class=\"_ _2\"></span> comprehensi<span class=\"_ _2\"></span>ve income<span class=\"ls1 ws0\"> </span></span></span></span></span></span></div></td><td class=\"c x2d9 y2c08 w70 h86\"><div class=\"t m0 xb6 h88 y1c3e ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> </span></div></td><td class=\"c x2da y2c08 w7a h86\"><div class=\"t m0 x188 h88 y1c3e ffc0 fs3a fc2 sc0 ls1 ws0\">(<span class=\"_ _1\"></span><span class=\"ls20 ws36\">489<span class=\"ls1 ws0\">) </span></span></div></td><td class=\"c x2d4 y2c08 w70 h86\"><div class=\"t m0 xb6 h88 y1c3e ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> </span></div></td><td class=\"c x2d5 y2c08 w74 h86\"><div class=\"t m0 xb6 h88 y1c3e ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> </span></div></td><td class=\"c x2d6 y2c08 w70 h86\"><div class=\"t m0 x1be h88 y1c3e ffc0 fs3a fc2 sc0 ls20 ws36\">327<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d7 y2c08 w76 h86\"><div class=\"t m0 xb6 h88 y1c3e ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> </span></div></td><td class=\"c x2d8 y2c08 w7b h86\"><div class=\"t m0 x177 h88 y1c3e ffc0 fs3a fc2 sc0 ls1 ws0\">(<span class=\"_ _1\"></span><span class=\"ls20 ws36\">162)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div></td></tr><tr><td class=\"c x24b y2c09 w6e h8a\"><div class=\"t m0 x0 h88 y1bec ffc0 fs3a fc2 sc0 ls29 ws44\">Reallocat<span class=\"_ _2\"></span>ions<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d9 y2c09 w70 h8a\"><div class=\"t m0 x1 h88 y1bec ffc0 fs3a fc2 sc0 ls20 ws36\">90<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2da y2c09 w7a h8a\"><div class=\"t m0 x182 h88 y1bec ffc0 fs3a fc2 sc0 ls2a ws45\">(1,45<span class=\"_ _2\"></span><span class=\"ls20 ws36\">2</span><span class=\"ls20 ws36\">)<span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2d4 y2c09 w70 h8a\"><div class=\"t m0 x171 h88 y1bec ffc0 fs3a fc2 sc0 ls20 ws36\">213<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2c09 w74 h8a\"><div class=\"t m0 x1be h88 y1bec ffc0 fs3a fc2 sc0 ls20 ws36\">116<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d6 y2c09 w70 h8a\"><div class=\"t m0 xb6 h88 y1bec ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> </span></div></td><td class=\"c x2d7 y2c09 w76 h8a\"><div class=\"t m0 x171 h88 y1bec ffc0 fs3a fc2 sc0 ls20 ws36\">110<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d8 y2c09 w7b h8a\"><div class=\"t m0 x177 h88 y1bec ffc0 fs3a fc2 sc0 ls20 ws36\">(923<span class=\"ls1 ws0\">) </span></div></td></tr><tr><td class=\"c x24b y2c0a w6e h86\"><div class=\"t m0 x0 h88 y1c3e ffc0 fs3a fc2 sc0 ls26 ws3d\">Exchange d<span class=\"_ _1\"></span>ifferences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d9 y2c0a w70 h86\"><div class=\"t m0 x171 h88 y1c3e ffc0 fs3a fc2 sc0 ls20 ws36\">32<span class=\"ls1 ws0\">2</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2da y2c0a w70 h86\"><div class=\"t m0 xb6 h88 y1c3e ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> </span></div></td><td class=\"c x2d4 y2c0a w7c h86\"><div class=\"t m0 x1be h88 y1c3e ffc0 fs3a fc2 sc0 ls2a ws45\">(16<span class=\"ls1 ws0\">) </span></div></td><td class=\"c x2d5 y2c0a w7b h86\"><div class=\"t m0 x19f h88 y1c3e ffc0 fs3a fc2 sc0 ls2a ws45\">(1<span class=\"ls20 ws36\">1</span><span class=\"ls20 ws36\">)<span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2d6 y2c0a w70 h86\"><div class=\"t m0 xb6 h88 y1c3e ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> </span></div></td><td class=\"c x2d7 y2c0a w76 h86\"><div class=\"t m0 x171 h88 y1c3e ffc0 fs3a fc2 sc0 ls20 ws36\">16<span class=\"ls1 ws0\">2</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d8 y2c0a w78 h86\"><div class=\"t m0 x1be h88 y1c3e ffc0 fs3a fc2 sc0 ls20 ws36\">45<span class=\"ls1 ws0\">7</span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c0b w6e ha1\"><div class=\"t m0 x0 h87 y1be8 ffbf fs3a fc2 sc0 ls21 ws38\">Bala<span class=\"_ _2\"></span>nce, N<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 30, 20<span class=\"_ _2\"></span>24<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d9 y2c0b w79 ha1\"><div class=\"t m0 x181 h87 y1be8 ffbf fs3a fc2 sc0 ls21 ws35\">(93,7<span class=\"_ _2\"></span>82<span class=\"ls1 ws0\">) </span></div></td><td class=\"c x2da y2c0b w7a ha1\"><div class=\"t m0 x47 h87 y1be8 ffbf fs3a fc2 sc0 ls21 ws35\">(546<span class=\"ls1 ws0\">) </span></div></td><td class=\"c x2d4 y2c0b w70 ha1\"><div class=\"t m0 x184 h87 y1be8 ffbf fs3a fc2 sc0 ls21 ws35\">6,20<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2c0b w74 ha1\"><div class=\"t m0 x171 h87 y1be8 ffbf fs3a fc2 sc0 ls21 ws35\">393<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d6 y2c0b w70 ha1\"><div class=\"t m0 x171 h87 y1be8 ffbf fs3a fc2 sc0 ls21 ws35\">947<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d7 y2c0b w7c ha1\"><div class=\"t m0 x183 h87 y1be8 ffbf fs3a fc2 sc0 ls21 ws35\">(4,35<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\">) </span></div></td><td class=\"c x2d8 y2c0b w7b ha1\"><div class=\"t m0 x187 h87 y1be8 ffbf fs3a fc2 sc0 ls21 ws35\">(91,1<span class=\"_ _2\"></span>41<span class=\"ls1 ws0\">) </span></div></td></tr><tr><td class=\"c x24b y2c0c w6e h86\"><div class=\"t m0 x0 h88 y1c4c ffc0 fs3a fc2 sc0 ls23 ws4b\">Credit (<span class=\"_ _1\"></span>charge)<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls22 ws3e\">to <span class=\"ls1 ws0\">i<span class=\"_ _1\"></span><span class=\"ls26 ws3d\">ncome statement<span class=\"ls1 ws0\"> </span></span></span></span></span></div></td><td class=\"c x2d9 y2c0c w70 h86\"><div class=\"t m0 x1ce h88 y1c4c ffc0 fs3a fc2 sc0 ls20 ws36\">1,224<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2da y2c0c w7a h86\"><div class=\"t m0 x188 h88 y1c4c ffc0 fs3a fc2 sc0 ls20 ws36\">(909)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d4 y2c0c w7c h86\"><div class=\"t m0 x188 h88 y1c4c ffc0 fs3a fc2 sc0 ls20 ws36\">(998)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2c0c w7b h86\"><div class=\"t m0 xaf h88 y1c4c ffc0 fs3a fc2 sc0 ls2a ws45\">(8)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d6 y2c0c w70 h86\"><div class=\"t m0 xb6 h88 y1c4c ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> <span class=\"_ _3\"></span> </span></div></td><td class=\"c x2d7 y2c0c w7c h86\"><div class=\"t m0 x182 h88 y1c4c ffc0 fs3a fc2 sc0 ls20 ws36\">(1,738)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d8 y2c0c w7b h86\"><div class=\"t m0 x185 h88 y1c4c ffc0 fs3a fc2 sc0 ls20 ws36\">(2,429)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c0d w6e h8a\"><div class=\"t m0 x0 h88 y1c3f ffc0 fs3a fc2 sc0 ls74 wsb7\">(C<span class=\"ls75 wsb8\">har<span class=\"_ _2\"></span>ge</span><span class=\"ls75 wsb8\"><span class=\"ls76 ws4b\">) cre<span class=\"_ _2\"></span>dit <span class=\"wsb9\">to <span class=\"_ _1\"></span><span class=\"ls1 ws0\">o<span class=\"_ _1\"></span><span class=\"ls77 ws3d\">ther<span class=\"_ _2\"></span> comprehensi<span class=\"_ _2\"></span>ve income<span class=\"ls1 ws0\"> </span></span></span></span></span></span></div></td><td class=\"c x2d9 y2c0d w70 h8a\"><div class=\"t m0 xb6 h88 y1c3f ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> <span class=\"_ _3\"></span> </span></div></td><td class=\"c x2da y2c0d w7a h8a\"><div class=\"t m0 x1be h88 y1c3f ffc0 fs3a fc2 sc0 ls20 ws36\">(23)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d4 y2c0d w70 h8a\"><div class=\"t m0 xb6 h88 y1c3f ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> <span class=\"_ _3\"></span> </span></div></td><td class=\"c x2d5 y2c0d w74 h8a\"><div class=\"t m0 xb6 h88 y1c3f ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> <span class=\"_ _3\"></span> </span></div></td><td class=\"c x2d6 y2c0d w70 h8a\"><div class=\"t m0 x1be h88 y1c3f ffc0 fs3a fc2 sc0 ls20 ws36\">577<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d7 y2c0d w76 h8a\"><div class=\"t m0 xb6 h88 y1c3f ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> <span class=\"_ _3\"></span> </span></div></td><td class=\"c x2d8 y2c0d w78 h8a\"><div class=\"t m0 x1be h88 y1c3f ffc0 fs3a fc2 sc0 ls20 ws36\">554<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c0e w6e h86\"><div class=\"t m0 x0 h88 y1c4c ffc0 fs3a fc2 sc0 ls24 ws3a\">Acquisition of Suttons Inter<span class=\"_ _2\"></span>national Holdings Limited<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d9 y2c0e w79 h86\"><div class=\"t m0 x18f h88 y1c4c ffc0 fs3a fc2 sc0 ls20 ws36\">(13,889)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2da y2c0e w70 h86\"><div class=\"t m0 xb6 h88 y1c4c ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> </span></div></td><td class=\"c x2d4 y2c0e w70 h86\"><div class=\"t m0 xb6 h88 y1c4c ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> </span></div></td><td class=\"c x2d5 y2c0e w74 h86\"><div class=\"t m0 xb6 h88 y1c4c ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> </span></div></td><td class=\"c x2d6 y2c0e w70 h86\"><div class=\"t m0 xb6 h88 y1c4c ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> </span></div></td><td class=\"c x2d7 y2c0e w76 h86\"><div class=\"t m0 x1 h88 y1c4c ffc0 fs3a fc2 sc0 ls20 ws36\">41<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d8 y2c0e w7b h86\"><div class=\"t m0 x179 h88 y1c4c ffc0 fs3a fc2 sc0 ls20 ws36\">(13,848)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c0f w6e h86\"><div class=\"t m0 x0 h88 y1bef ffc0 fs3a fc2 sc0 ls22 ws37\">Reallocati<span class=\"_ _1\"></span>ons and other<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d9 y2c0f w79 h86\"><div class=\"t m0 x188 h88 y1bef ffc0 fs3a fc2 sc0 ls20 ws36\">(228)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2da y2c0f w70 h86\"><div class=\"t m0 x171 h88 y1bef ffc0 fs3a fc2 sc0 ls20 ws36\">440<span class=\"ls1 ws0\">  </span></div></td><td class=\"c x2d4 y2c0f w7c h86\"><div class=\"t m0 x188 h88 y1bef ffc0 fs3a fc2 sc0 ls20 ws36\">(551)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2c0f w7b h86\"><div class=\"t m0 x177 h88 y1bef ffc0 fs3a fc2 sc0 ls20 ws36\">(123)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d6 y2c0f w7c h86\"><div class=\"t m0 x177 h88 y1bef ffc0 fs3a fc2 sc0 ls20 ws36\">(116)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d7 y2c0f w7c h86\"><div class=\"t m0 x188 h88 y1bef ffc0 fs3a fc2 sc0 ls20 ws36\">(163)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d8 y2c0f w7b h86\"><div class=\"t m0 x177 h88 y1bef ffc0 fs3a fc2 sc0 ls20 ws36\">(741)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c10 w6e h8a\"><div class=\"t m0 x0 h88 y1bf1 ffc0 fs3a fc2 sc0 ls26 ws3d\">Exchange d<span class=\"_ _1\"></span>ifferences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d9 y2c10 w79 h8a\"><div class=\"t m0 x188 h88 y1bf1 ffc0 fs3a fc2 sc0 ls20 ws36\">(480)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2da y2c10 w70 h8a\"><div class=\"t m0 xb6 h88 y1bf1 ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> <span class=\"_ _3\"></span> </span></div></td><td class=\"c x2d4 y2c10 w70 h8a\"><div class=\"t m0 x171 h88 y1bf1 ffc0 fs3a fc2 sc0 ls20 ws36\">184<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2c10 w74 h8a\"><div class=\"t m0 x1cd h88 y1bf1 ffc0 fs3a fc2 sc0 ls1 ws0\">6<span class=\"_ _1\"></span>  </div></td><td class=\"c x2d6 y2c10 w70 h8a\"><div class=\"t m0 xb6 h88 y1bf1 ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> <span class=\"_ _3\"></span> </span></div></td><td class=\"c x2d7 y2c10 w7c h8a\"><div class=\"t m0 x188 h88 y1bf1 ffc0 fs3a fc2 sc0 ls20 ws36\">(644)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d8 y2c10 w7b h8a\"><div class=\"t m0 x177 h88 y1bf1 ffc0 fs3a fc2 sc0 ls20 ws36\">(934)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c11 w6e h86\"><div class=\"t m0 x0 h87 y1bfa ffbf fs3a fc2 sc0 ls21 ws38\">Bala<span class=\"_ _2\"></span>nce, N<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 30, 20<span class=\"_ _2\"></span>25<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d9 y2c11 w79 h86\"><div class=\"t m0 x197 h87 y1bfa ffbf fs3a fc2 sc0 ls21 ws35\">(107,<span class=\"_ _2\"></span>155)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2da y2c11 w7a h86\"><div class=\"t m0 x183 h87 y1bfa ffbf fs3a fc2 sc0 ls21 ws35\">(1,03<span class=\"_ _2\"></span>8)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d4 y2c11 w70 h86\"><div class=\"t m0 x184 h87 y1bfa ffbf fs3a fc2 sc0 ls21 ws35\">4,83<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2c11 w74 h86\"><div class=\"t m0 x171 h87 y1bfa ffbf fs3a fc2 sc0 ls21 ws35\">268<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d6 y2c11 w70 h86\"><div class=\"t m0 x184 h87 y1bfa ffbf fs3a fc2 sc0 ls21 ws35\">1,40<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d7 y2c11 w7c h86\"><div class=\"t m0 x183 h87 y1bfa ffbf fs3a fc2 sc0 ls21 ws35\">(6,85<span class=\"_ _2\"></span>8)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d8 y2c11 w7b h86\"><div class=\"t m0 x17f h87 y1bfa ffbf fs3a fc2 sc0 ls21 ws35\">(108,<span class=\"_ _2\"></span>539)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>Certain deferred<span class=\"_ _2\"></span> tax assets<span class=\"_ _2\"></span> and li<span class=\"_ _2\"></span>abilities have be<span class=\"_ _2\"></span>en offset<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">when t<span class=\"_ _2\"></span>here is<span class=\"_ _2\"></span> a le<span class=\"_ _2\"></span>gall<span class=\"_ _2\"></span>y enf<span class=\"_ _2\"></span>orce<span class=\"_ _2\"></span>able <span class=\"_ _2\"></span>rig<span class=\"_ _2\"></span>ht to<span class=\"_ _2\"></span> set <span class=\"_ _2\"></span>off</span></span>.<span class=\"_ _2\"></span> The followi<span class=\"_ _2\"></span>ng is the a<span class=\"_ _2\"></span>nalysis of t<span class=\"_ _2\"></span>he deferred tax<span class=\"_ _2\"></span> balances (<span class=\"_ _2\"></span>after offset<span class=\"_ _2\"></span>) for financi<span class=\"_ _2\"></span>al repor<span class=\"_ _2\"></span>ting<span class=\"ls1 ws0\"> </span>purpo<span class=\"_ _2\"></span>ses:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><table class=\"s w162 h124\" id=\"_727f3fb3-ad11-45fc-af49-8aa708595617\"><tr><td></td><td class=\"c x2a1 y2c12 w7e hc4\"><div class=\"t m0 x184 h82 y201b ffc0 fs3b fc2 sc0 ls1d ws49\">As of<span class=\"ls1 ws0\"> November <span class=\"ls1b ws2f\">30</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2c13 w14a h121\"><div class=\"t m0 x245 h82 y29a6 ffc0 fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2a3 h82 y29a7 ffc0 fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x2db h85 y2c14 ffbf fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"t m0 x27a h82 y2c14 ffc0 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2c15 w7d h8a\"><div class=\"t m0 x0 h88 y1c41 ffc0 fs3a fc2 sc0 ls29 ws42\">Deferre<span class=\"_ _2\"></span>d tax liabilitie<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2c15 w24 h8a\"><div class=\"t m0 x17b h87 y1c41 ffbf fs3a fc2 sc0 ls21 ws35\">(120,<span class=\"_ _2\"></span>497)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x27d y2c15 w7f h8a\"><div class=\"t m0 x17f h88 y1c41 ffc0 fs3a fc2 sc0 ls20 ws36\">(109,629)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c16 w7d h86\"><div class=\"t m0 x0 h88 y1bfa ffc0 fs3a fc2 sc0 ls26 ws3d\">Deferred tax ass<span class=\"_ _1\"></span>ets<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2c16 w20 h86\"><div class=\"t m0 x179 h87 y1bfa ffbf fs3a fc2 sc0 ls23 ws39\">11,958<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x27d y2c16 w2a h86\"><div class=\"t m0 x183 h88 y1bfa ffc0 fs3a fc2 sc0 ls20 ws36\">18,488<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2a1 y2c17 w24 h86\"><div class=\"t m0 x17b h87 y1c50 ffbf fs3a fc2 sc0 ls21 ws35\">(108,<span class=\"_ _2\"></span>539)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x27d y2c17 w7f h86\"><div class=\"t m0 x187 h88 y1c50 ffc0 fs3a fc2 sc0 ls20 ws36\">(91,141)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>As of <span class=\"ls31 ws51\">November 30, 202<span class=\"ls1 ws0\">5,<span class=\"_ _1\"></span> <span class=\"ls30 ws4f\">the Gr<span class=\"_ _2\"></span>oup has<span class=\"_ _2\"></span> <span class=\"ws50\">recog<span class=\"_ _2\"></span>nised<span class=\"_ _2\"></span> defe<span class=\"_ _2\"></span>rred t<span class=\"_ _2\"></span>ax <span class=\"_ _2\"></span>assets<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>unuse<span class=\"_ _2\"></span>d n<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span>al co<span class=\"_ _2\"></span>rpora<span class=\"_ _2\"></span>te tax<span class=\"_ _2\"></span> los<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span> of <span class=\"ls31 ws51\">$14.9 million</span></span></span> (<span class=\"ls31 ws53\">202</span>4<span class=\"_ _1\"></span><span class=\"ls61 ws96\">: $<span class=\"ls31 ws53\">22.5<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">million<span class=\"_ _2\"></span>) and<span class=\"_ _2\"></span> un<span class=\"_ _2\"></span>used re<span class=\"_ _2\"></span>gional<span class=\"_ _2\"></span> tax<span class=\"_ _2\"></span> loss<span class=\"_ _2\"></span>es</span> <span class=\"ls4a ws76\">of</span> $<span class=\"_ _1\"></span><span class=\"ls31 ws53\">27.4<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">million </span></span></span></span></span></span></span></span>(<span class=\"ls31 ws53\">202</span>4<span class=\"_ _1\"></span><span class=\"ls61 ws96\">: $<span class=\"ls31 ws53\">40.0<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">million) available fo<span class=\"_ _2\"></span>r</span> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">o<span class=\"_ _2\"></span>ffse<span class=\"_ _2\"></span>t agai<span class=\"_ _2\"></span>nst f<span class=\"_ _2\"></span>uture<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>rofi<span class=\"_ _2\"></span>ts. A<span class=\"ls1 ws0\"> <span class=\"ls2f ws75\">deferred tax asset <span class=\"ls4a ws74\">of $<span class=\"_ _2\"></span></span></span>19<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span> <span class=\"ls2f ws70\">million at <span class=\"ls31 ws51\">November 30, 202</span></span>5 <span class=\"_ _1\"></span>(<span class=\"ls31 ws53\">2024</span>:<span class=\"_ _1\"></span> $<span class=\"_ _1\"></span><span class=\"ls48 ws72\">1<span class=\"_ _2\"></span>5.4<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">million) has <span class=\"_ _2\"></span>not been recog<span class=\"_ _2\"></span>nised in <span class=\"_ _2\"></span>respect of l<span class=\"_ _2\"></span>osses carried<span class=\"_ _2\"></span> forward </span></span></span></span></span></span></span></span>at th<span class=\"_ _2\"></span>e bal<span class=\"_ _2\"></span>ance <span class=\"_ _2\"></span>shee<span class=\"_ _2\"></span>t date<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls4a ws74\">of $<span class=\"ls31 ws53\">70.3</span></span> <span class=\"ls2f ws75\">million (<span class=\"ls31 ws53\">2024<span class=\"ls61 ws96\">: $</span>53.1</span></span> <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">million<span class=\"_ _2\"></span>)<span class=\"ls30 ws50\">. T<span class=\"_ _2\"></span>hese l<span class=\"_ _2\"></span>osses<span class=\"_ _2\"></span> have<span class=\"_ _2\"></span> aris<span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>in Gro<span class=\"_ _2\"></span>up<span class=\"_ _2\"></span> comp<span class=\"_ _2\"></span>anies<span class=\"_ _2\"></span> whe<span class=\"_ _2\"></span>re prof<span class=\"_ _2\"></span>its<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>not forec<span class=\"_ _2\"></span>ast </span>fo<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">the fore<span class=\"_ _2\"></span>seeab<span class=\"_ _2\"></span>le f<span class=\"_ _2\"></span>uture<span class=\"_ _2\"></span><span class=\"ws4f\">, and i<span class=\"_ _2\"></span>n the cas<span class=\"_ _2\"></span>e of Sut<span class=\"_ _2\"></span>tons </span></span></span></span></span>Intern<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span>al L<span class=\"_ _2\"></span>imited<span class=\"_ _2\"></span> (<span class=\"_ _2\"></span>Suttons<span class=\"_ _2\"></span>), <span class=\"_ _2\"></span>where<span class=\"_ _2\"></span> the de<span class=\"_ _2\"></span>fer<span class=\"_ _2\"></span>red <span class=\"_ _2\"></span>tax a<span class=\"_ _2\"></span>sset o<span class=\"_ _2\"></span>f $<span class=\"_ _2\"></span>4.6 m<span class=\"_ _2\"></span>illio<span class=\"_ _2\"></span>n was<span class=\"_ _2\"></span> unre<span class=\"_ _2\"></span>cogni<span class=\"_ _2\"></span>sed <span class=\"_ _2\"></span>as <span class=\"_ _2\"></span>part o<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he Sut<span class=\"_ _2\"></span>tons<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up a<span class=\"_ _2\"></span>cqui<span class=\"_ _2\"></span>siti<span class=\"_ _2\"></span>on p<span class=\"_ _2\"></span>urchas<span class=\"_ _2\"></span>e ac<span class=\"_ _2\"></span>count<span class=\"_ _2\"></span>ing<span class=\"ls50 ws7d\">. <span class=\"ls1 ws0\"> </span></span>Deferred income t<span class=\"_ _2\"></span>ax liabili<span class=\"_ _2\"></span>ties <span class=\"ws75\">of $<span class=\"ls31 ws53\">19<span class=\"ls1 ws0\">.3 <span class=\"_ _3\"></span><span class=\"ls2f ws4e\">millio<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">at</span> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">November 30, 2<span class=\"_ _2\"></span>02<span class=\"ls1 ws0\">5 <span class=\"_ _1\"></span>(<span class=\"ls31 ws53\">2024<span class=\"ls61 ws96\">: $</span>17.<span class=\"_ _1\"></span>6<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">million) h<span class=\"_ _2\"></span>ave not been recog<span class=\"_ _2\"></span>nised for<span class=\"_ _2\"></span> the withh<span class=\"_ _2\"></span>olding tax <span class=\"_ _2\"></span>and</span> <span class=\"ls30 ws50\">other <span class=\"_ _2\"></span>taxes<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> would<span class=\"_ _2\"></span> be p<span class=\"_ _2\"></span>ayab<span class=\"_ _2\"></span>le o<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> <span class=\"ws52\">und<span class=\"_ _2\"></span>istrib<span class=\"_ _2\"></span>uted<span class=\"_ _2\"></span></span></span> </span></span></span></span></span></span></span></span></span>earning<span class=\"_ _2\"></span>s of ce<span class=\"_ _2\"></span>rtai<span class=\"_ _2\"></span>n subsidi<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>es. Suc<span class=\"_ _2\"></span>h amo<span class=\"_ _2\"></span>unts ar<span class=\"_ _2\"></span>e consid<span class=\"_ _2\"></span>ered<span class=\"_ _2\"></span> perm<span class=\"_ _2\"></span>anen<span class=\"_ _2\"></span>tly rei<span class=\"_ _2\"></span>nveste<span class=\"_ _2\"></span>d<span class=\"ls2f ws70\">, w<span class=\"_ _2\"></span>hich means t<span class=\"_ _2\"></span>hat the defe<span class=\"_ _2\"></span>rred income<span class=\"_ _2\"></span> tax liabil<span class=\"_ _2\"></span>ities will n<span class=\"_ _2\"></span>ot be re<span class=\"_ _2\"></span>alised in the f<span class=\"_ _2\"></span>oreseeable f<span class=\"_ _2\"></span>uture<span class=\"ls4c ws79\">. </span></span><span class=\"ws52\">Undis<span class=\"_ _2\"></span>tribu<span class=\"_ _2\"></span>ted<span class=\"ls1 ws0\"> </span></span>earnings totalled <span class=\"ls1 ws0\">$<span class=\"ls31 ws53\">4.</span>4<span class=\"_ _1\"></span> <span class=\"ls2f ws4e\">billion <span class=\"ls31 ws51\">at November 30, 202</span></span>5<span class=\"_ _1\"></span> (<span class=\"_ _1\"></span><span class=\"ls31 ws53\">2024<span class=\"ls5d wsae\">: $<span class=\"ls48 ws72\">3.9<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">billion)</span>.</span></span></span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-637": {
   "value": "<table class=\"s w15c h123\" id=\"_52d07199-6147-4e79-ab6c-2433652bc740\"><tr><td class=\"c x246 y2c00 w14a h102\"><div class=\"t m0 x245 h82 y29a6 ffc0 fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2a3 h82 y29a7 ffc0 fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td></td><td></td><td></td><td class=\"c x2ce y2c01 w15d h102\"><div class=\"t m0 x245 h82 y29a7 ffc0 fs3b fc2 sc0 ls3a ws9b\">Right<span class=\"ls1 ws0\">-of-u<span class=\"_ _195\"> </span></span></div><div class=\"t m0 x2cd h82 y29a6 ffc0 fs3b fc2 sc0 ls1d ws31\">se<span class=\"_ _195\"> </span></div></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x2cf y2c02 w15e h103\"><div class=\"t m0 x245 h82 y29a6 ffc0 fs3b fc2 sc0 ls1 ws32\">Accelerated tax<span class=\"_ _195\"> </span></div></td><td class=\"c x2d0 y2c02 w15f h103\"><div class=\"t m0 x245 h82 y29a6 ffc0 fs3b fc2 sc0 ls1 ws9b\">Retirement benefit<span class=\"_ _195\"> </span></div></td><td></td><td class=\"t m0 x2d1 h82 y2c03 ffc0 fs3b fc2 sc0 ls1 ws0\">a<span class=\"ls1d ws31\">ssets/</span>l<span class=\"ls1d ws31\">ea<span class=\"_ _2\"></span>se<span class=\"_ _195\"> </span></span></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x2d2 y2c04 w160 h103\"><div class=\"t m0 x245 h82 y29a6 ffc0 fs3b fc2 sc0 ls1 ws0\">depreciation<span class=\"_ _195\"> </span></div></td><td class=\"c x2d3 y2c04 w161 h103\"><div class=\"t m0 x245 h82 y29a6 ffc0 fs3b fc2 sc0 ls1 ws0\">obligations<span class=\"_ _195\"> </span></div></td><td class=\"c x2d4 y2c05 w70 hc3\"><div class=\"t m0 x181 h82 y2006 ffc0 fs3b fc2 sc0 ls1d ws49\">Tax losses<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2c05 w74 hc3\"><div class=\"t m0 x99 h82 y200a ffc0 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x47 h82 y2006 ffc0 fs3b fc2 sc0 ls1 ws0\">l<span class=\"ls2d ws4a\">iability</span> </div></td><td class=\"c x2d6 y2c05 w70 hc3\"><div class=\"t m0 x99 h82 y2004 ffc0 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x99 h82 y200b ffc0 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x181 h82 y200c ffc0 fs3b fc2 sc0 ls1 ws0\">Derivatives </div></td><td class=\"c x2d7 y2c05 w76 hc3\"><div class=\"t m0 x177 h82 y2006 ffc0 fs3b fc2 sc0 ls1 ws0\">Other </div></td><td class=\"c x2d8 y2c05 w78 hc3\"><div class=\"t m0 x171 h82 y2006 ffc0 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2c06 w6e h8a\"><div class=\"t m0 x0 h87 y1be6 ffbf fs3a fc2 sc0 ls1f ws3e\">Balan<span class=\"_ _2\"></span>ce, December 1, 2023<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d9 y2c06 w79 h8a\"><div class=\"t m0 x181 h87 y1be6 ffbf fs3a fc2 sc0 ls21 ws35\">(88,2<span class=\"_ _2\"></span>51)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2da y2c06 w7a h8a\"><div class=\"t m0 x183 h87 y1be6 ffbf fs3a fc2 sc0 ls21 ws35\">(1,13<span class=\"_ _2\"></span>7)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d4 y2c06 w70 h8a\"><div class=\"t m0 x179 h87 y1be6 ffbf fs3a fc2 sc0 ls23 ws39\">17,238<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2c06 w74 h8a\"><div class=\"t m0 x1cd h87 y1be6 ffc1 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ffbf\"> </span></div></td><td class=\"c x2d6 y2c06 w70 h8a\"><div class=\"t m0 x171 h87 y1be6 ffbf fs3a fc2 sc0 ls21 ws35\">620<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d7 y2c06 w76 h8a\"><div class=\"t m0 x1a0 h87 y1be6 ffbf fs3a fc2 sc0 ls21 ws35\">158<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d8 y2c06 w7b h8a\"><div class=\"t m0 x187 h87 y1be6 ffbf fs3a fc2 sc0 ls21 ws35\">(71,3<span class=\"_ _2\"></span>72)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c07 w6e h86\"><div class=\"t m0 x0 h88 y1be8 ffc0 fs3a fc2 sc0 ls23 ws4b\">(Charg<span class=\"_ _1\"></span>e) credit to <span class=\"ls1 ws0\">i<span class=\"_ _1\"></span><span class=\"ls26 ws3d\">ncome statement<span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2d9 y2c07 w79 h86\"><div class=\"t m0 x182 h88 y1be8 ffc0 fs3a fc2 sc0 ls20 ws36\">(5,943<span class=\"ls1 ws0\">) </span></div></td><td class=\"c x2da y2c07 w70 h86\"><div class=\"t m0 x1ce h88 y1be8 ffc0 fs3a fc2 sc0 ls20 ws36\">2,532<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d4 y2c07 w7c h86\"><div class=\"t m0 x18f h88 y1be8 ffc0 fs3a fc2 sc0 ls20 ws36\">(11,234<span class=\"ls1 ws0\">) </span></div></td><td class=\"c x2d5 y2c07 w74 h86\"><div class=\"t m0 x1be h88 y1be8 ffc0 fs3a fc2 sc0 ls20 ws36\">288<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d6 y2c07 w70 h86\"><div class=\"t m0 xb6 h88 y1be8 ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> </span></div></td><td class=\"c x2d7 y2c07 w7c h86\"><div class=\"t m0 x182 h88 y1be8 ffc0 fs3a fc2 sc0 ls2a ws45\">(4,78<span class=\"_ _2\"></span><span class=\"ls20 ws36\">4</span><span class=\"ls20 ws36\">)<span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2d8 y2c07 w7b h86\"><div class=\"t m0 x179 h88 y1be8 ffc0 fs3a fc2 sc0 ls1 ws0\">(<span class=\"_ _1\"></span><span class=\"ls20 ws36\">19,<span class=\"_ _2\"></span>141)<span class=\"ls1 ws0\"> </span></span></div></td></tr><tr><td class=\"c x24b y2c08 w6e h86\"><div class=\"t m0 x0 h88 y1c3e ffc0 fs3a fc2 sc0 ls74 wsb7\">(C<span class=\"ls75 wsb8\">har<span class=\"_ _2\"></span>ge</span><span class=\"ls75 wsb8\"><span class=\"ls76 ws4b\">) cre<span class=\"_ _2\"></span>dit <span class=\"wsb9\">to <span class=\"_ _1\"></span><span class=\"ls1 ws0\">o<span class=\"_ _1\"></span><span class=\"ls77 ws3d\">ther<span class=\"_ _2\"></span> comprehensi<span class=\"_ _2\"></span>ve income<span class=\"ls1 ws0\"> </span></span></span></span></span></span></div></td><td class=\"c x2d9 y2c08 w70 h86\"><div class=\"t m0 xb6 h88 y1c3e ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> </span></div></td><td class=\"c x2da y2c08 w7a h86\"><div class=\"t m0 x188 h88 y1c3e ffc0 fs3a fc2 sc0 ls1 ws0\">(<span class=\"_ _1\"></span><span class=\"ls20 ws36\">489<span class=\"ls1 ws0\">) </span></span></div></td><td class=\"c x2d4 y2c08 w70 h86\"><div class=\"t m0 xb6 h88 y1c3e ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> </span></div></td><td class=\"c x2d5 y2c08 w74 h86\"><div class=\"t m0 xb6 h88 y1c3e ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> </span></div></td><td class=\"c x2d6 y2c08 w70 h86\"><div class=\"t m0 x1be h88 y1c3e ffc0 fs3a fc2 sc0 ls20 ws36\">327<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d7 y2c08 w76 h86\"><div class=\"t m0 xb6 h88 y1c3e ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> </span></div></td><td class=\"c x2d8 y2c08 w7b h86\"><div class=\"t m0 x177 h88 y1c3e ffc0 fs3a fc2 sc0 ls1 ws0\">(<span class=\"_ _1\"></span><span class=\"ls20 ws36\">162)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div></td></tr><tr><td class=\"c x24b y2c09 w6e h8a\"><div class=\"t m0 x0 h88 y1bec ffc0 fs3a fc2 sc0 ls29 ws44\">Reallocat<span class=\"_ _2\"></span>ions<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d9 y2c09 w70 h8a\"><div class=\"t m0 x1 h88 y1bec ffc0 fs3a fc2 sc0 ls20 ws36\">90<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2da y2c09 w7a h8a\"><div class=\"t m0 x182 h88 y1bec ffc0 fs3a fc2 sc0 ls2a ws45\">(1,45<span class=\"_ _2\"></span><span class=\"ls20 ws36\">2</span><span class=\"ls20 ws36\">)<span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2d4 y2c09 w70 h8a\"><div class=\"t m0 x171 h88 y1bec ffc0 fs3a fc2 sc0 ls20 ws36\">213<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2c09 w74 h8a\"><div class=\"t m0 x1be h88 y1bec ffc0 fs3a fc2 sc0 ls20 ws36\">116<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d6 y2c09 w70 h8a\"><div class=\"t m0 xb6 h88 y1bec ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> </span></div></td><td class=\"c x2d7 y2c09 w76 h8a\"><div class=\"t m0 x171 h88 y1bec ffc0 fs3a fc2 sc0 ls20 ws36\">110<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d8 y2c09 w7b h8a\"><div class=\"t m0 x177 h88 y1bec ffc0 fs3a fc2 sc0 ls20 ws36\">(923<span class=\"ls1 ws0\">) </span></div></td></tr><tr><td class=\"c x24b y2c0a w6e h86\"><div class=\"t m0 x0 h88 y1c3e ffc0 fs3a fc2 sc0 ls26 ws3d\">Exchange d<span class=\"_ _1\"></span>ifferences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d9 y2c0a w70 h86\"><div class=\"t m0 x171 h88 y1c3e ffc0 fs3a fc2 sc0 ls20 ws36\">32<span class=\"ls1 ws0\">2</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2da y2c0a w70 h86\"><div class=\"t m0 xb6 h88 y1c3e ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> </span></div></td><td class=\"c x2d4 y2c0a w7c h86\"><div class=\"t m0 x1be h88 y1c3e ffc0 fs3a fc2 sc0 ls2a ws45\">(16<span class=\"ls1 ws0\">) </span></div></td><td class=\"c x2d5 y2c0a w7b h86\"><div class=\"t m0 x19f h88 y1c3e ffc0 fs3a fc2 sc0 ls2a ws45\">(1<span class=\"ls20 ws36\">1</span><span class=\"ls20 ws36\">)<span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2d6 y2c0a w70 h86\"><div class=\"t m0 xb6 h88 y1c3e ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> </span></div></td><td class=\"c x2d7 y2c0a w76 h86\"><div class=\"t m0 x171 h88 y1c3e ffc0 fs3a fc2 sc0 ls20 ws36\">16<span class=\"ls1 ws0\">2</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d8 y2c0a w78 h86\"><div class=\"t m0 x1be h88 y1c3e ffc0 fs3a fc2 sc0 ls20 ws36\">45<span class=\"ls1 ws0\">7</span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c0b w6e ha1\"><div class=\"t m0 x0 h87 y1be8 ffbf fs3a fc2 sc0 ls21 ws38\">Bala<span class=\"_ _2\"></span>nce, N<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 30, 20<span class=\"_ _2\"></span>24<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d9 y2c0b w79 ha1\"><div class=\"t m0 x181 h87 y1be8 ffbf fs3a fc2 sc0 ls21 ws35\">(93,7<span class=\"_ _2\"></span>82<span class=\"ls1 ws0\">) </span></div></td><td class=\"c x2da y2c0b w7a ha1\"><div class=\"t m0 x47 h87 y1be8 ffbf fs3a fc2 sc0 ls21 ws35\">(546<span class=\"ls1 ws0\">) </span></div></td><td class=\"c x2d4 y2c0b w70 ha1\"><div class=\"t m0 x184 h87 y1be8 ffbf fs3a fc2 sc0 ls21 ws35\">6,20<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2c0b w74 ha1\"><div class=\"t m0 x171 h87 y1be8 ffbf fs3a fc2 sc0 ls21 ws35\">393<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d6 y2c0b w70 ha1\"><div class=\"t m0 x171 h87 y1be8 ffbf fs3a fc2 sc0 ls21 ws35\">947<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d7 y2c0b w7c ha1\"><div class=\"t m0 x183 h87 y1be8 ffbf fs3a fc2 sc0 ls21 ws35\">(4,35<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\">) </span></div></td><td class=\"c x2d8 y2c0b w7b ha1\"><div class=\"t m0 x187 h87 y1be8 ffbf fs3a fc2 sc0 ls21 ws35\">(91,1<span class=\"_ _2\"></span>41<span class=\"ls1 ws0\">) </span></div></td></tr><tr><td class=\"c x24b y2c0c w6e h86\"><div class=\"t m0 x0 h88 y1c4c ffc0 fs3a fc2 sc0 ls23 ws4b\">Credit (<span class=\"_ _1\"></span>charge)<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls22 ws3e\">to <span class=\"ls1 ws0\">i<span class=\"_ _1\"></span><span class=\"ls26 ws3d\">ncome statement<span class=\"ls1 ws0\"> </span></span></span></span></span></div></td><td class=\"c x2d9 y2c0c w70 h86\"><div class=\"t m0 x1ce h88 y1c4c ffc0 fs3a fc2 sc0 ls20 ws36\">1,224<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2da y2c0c w7a h86\"><div class=\"t m0 x188 h88 y1c4c ffc0 fs3a fc2 sc0 ls20 ws36\">(909)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d4 y2c0c w7c h86\"><div class=\"t m0 x188 h88 y1c4c ffc0 fs3a fc2 sc0 ls20 ws36\">(998)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2c0c w7b h86\"><div class=\"t m0 xaf h88 y1c4c ffc0 fs3a fc2 sc0 ls2a ws45\">(8)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d6 y2c0c w70 h86\"><div class=\"t m0 xb6 h88 y1c4c ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> <span class=\"_ _3\"></span> </span></div></td><td class=\"c x2d7 y2c0c w7c h86\"><div class=\"t m0 x182 h88 y1c4c ffc0 fs3a fc2 sc0 ls20 ws36\">(1,738)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d8 y2c0c w7b h86\"><div class=\"t m0 x185 h88 y1c4c ffc0 fs3a fc2 sc0 ls20 ws36\">(2,429)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c0d w6e h8a\"><div class=\"t m0 x0 h88 y1c3f ffc0 fs3a fc2 sc0 ls74 wsb7\">(C<span class=\"ls75 wsb8\">har<span class=\"_ _2\"></span>ge</span><span class=\"ls75 wsb8\"><span class=\"ls76 ws4b\">) cre<span class=\"_ _2\"></span>dit <span class=\"wsb9\">to <span class=\"_ _1\"></span><span class=\"ls1 ws0\">o<span class=\"_ _1\"></span><span class=\"ls77 ws3d\">ther<span class=\"_ _2\"></span> comprehensi<span class=\"_ _2\"></span>ve income<span class=\"ls1 ws0\"> </span></span></span></span></span></span></div></td><td class=\"c x2d9 y2c0d w70 h8a\"><div class=\"t m0 xb6 h88 y1c3f ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> <span class=\"_ _3\"></span> </span></div></td><td class=\"c x2da y2c0d w7a h8a\"><div class=\"t m0 x1be h88 y1c3f ffc0 fs3a fc2 sc0 ls20 ws36\">(23)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d4 y2c0d w70 h8a\"><div class=\"t m0 xb6 h88 y1c3f ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> <span class=\"_ _3\"></span> </span></div></td><td class=\"c x2d5 y2c0d w74 h8a\"><div class=\"t m0 xb6 h88 y1c3f ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> <span class=\"_ _3\"></span> </span></div></td><td class=\"c x2d6 y2c0d w70 h8a\"><div class=\"t m0 x1be h88 y1c3f ffc0 fs3a fc2 sc0 ls20 ws36\">577<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d7 y2c0d w76 h8a\"><div class=\"t m0 xb6 h88 y1c3f ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> <span class=\"_ _3\"></span> </span></div></td><td class=\"c x2d8 y2c0d w78 h8a\"><div class=\"t m0 x1be h88 y1c3f ffc0 fs3a fc2 sc0 ls20 ws36\">554<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c0e w6e h86\"><div class=\"t m0 x0 h88 y1c4c ffc0 fs3a fc2 sc0 ls24 ws3a\">Acquisition of Suttons Inter<span class=\"_ _2\"></span>national Holdings Limited<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d9 y2c0e w79 h86\"><div class=\"t m0 x18f h88 y1c4c ffc0 fs3a fc2 sc0 ls20 ws36\">(13,889)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2da y2c0e w70 h86\"><div class=\"t m0 xb6 h88 y1c4c ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> </span></div></td><td class=\"c x2d4 y2c0e w70 h86\"><div class=\"t m0 xb6 h88 y1c4c ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> </span></div></td><td class=\"c x2d5 y2c0e w74 h86\"><div class=\"t m0 xb6 h88 y1c4c ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> </span></div></td><td class=\"c x2d6 y2c0e w70 h86\"><div class=\"t m0 xb6 h88 y1c4c ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> </span></div></td><td class=\"c x2d7 y2c0e w76 h86\"><div class=\"t m0 x1 h88 y1c4c ffc0 fs3a fc2 sc0 ls20 ws36\">41<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d8 y2c0e w7b h86\"><div class=\"t m0 x179 h88 y1c4c ffc0 fs3a fc2 sc0 ls20 ws36\">(13,848)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c0f w6e h86\"><div class=\"t m0 x0 h88 y1bef ffc0 fs3a fc2 sc0 ls22 ws37\">Reallocati<span class=\"_ _1\"></span>ons and other<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d9 y2c0f w79 h86\"><div class=\"t m0 x188 h88 y1bef ffc0 fs3a fc2 sc0 ls20 ws36\">(228)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2da y2c0f w70 h86\"><div class=\"t m0 x171 h88 y1bef ffc0 fs3a fc2 sc0 ls20 ws36\">440<span class=\"ls1 ws0\">  </span></div></td><td class=\"c x2d4 y2c0f w7c h86\"><div class=\"t m0 x188 h88 y1bef ffc0 fs3a fc2 sc0 ls20 ws36\">(551)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2c0f w7b h86\"><div class=\"t m0 x177 h88 y1bef ffc0 fs3a fc2 sc0 ls20 ws36\">(123)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d6 y2c0f w7c h86\"><div class=\"t m0 x177 h88 y1bef ffc0 fs3a fc2 sc0 ls20 ws36\">(116)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d7 y2c0f w7c h86\"><div class=\"t m0 x188 h88 y1bef ffc0 fs3a fc2 sc0 ls20 ws36\">(163)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d8 y2c0f w7b h86\"><div class=\"t m0 x177 h88 y1bef ffc0 fs3a fc2 sc0 ls20 ws36\">(741)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c10 w6e h8a\"><div class=\"t m0 x0 h88 y1bf1 ffc0 fs3a fc2 sc0 ls26 ws3d\">Exchange d<span class=\"_ _1\"></span>ifferences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d9 y2c10 w79 h8a\"><div class=\"t m0 x188 h88 y1bf1 ffc0 fs3a fc2 sc0 ls20 ws36\">(480)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2da y2c10 w70 h8a\"><div class=\"t m0 xb6 h88 y1bf1 ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> <span class=\"_ _3\"></span> </span></div></td><td class=\"c x2d4 y2c10 w70 h8a\"><div class=\"t m0 x171 h88 y1bf1 ffc0 fs3a fc2 sc0 ls20 ws36\">184<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2c10 w74 h8a\"><div class=\"t m0 x1cd h88 y1bf1 ffc0 fs3a fc2 sc0 ls1 ws0\">6<span class=\"_ _1\"></span>  </div></td><td class=\"c x2d6 y2c10 w70 h8a\"><div class=\"t m0 xb6 h88 y1bf1 ffc2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffc0\"> <span class=\"_ _3\"></span> </span></div></td><td class=\"c x2d7 y2c10 w7c h8a\"><div class=\"t m0 x188 h88 y1bf1 ffc0 fs3a fc2 sc0 ls20 ws36\">(644)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d8 y2c10 w7b h8a\"><div class=\"t m0 x177 h88 y1bf1 ffc0 fs3a fc2 sc0 ls20 ws36\">(934)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c11 w6e h86\"><div class=\"t m0 x0 h87 y1bfa ffbf fs3a fc2 sc0 ls21 ws38\">Bala<span class=\"_ _2\"></span>nce, N<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 30, 20<span class=\"_ _2\"></span>25<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d9 y2c11 w79 h86\"><div class=\"t m0 x197 h87 y1bfa ffbf fs3a fc2 sc0 ls21 ws35\">(107,<span class=\"_ _2\"></span>155)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2da y2c11 w7a h86\"><div class=\"t m0 x183 h87 y1bfa ffbf fs3a fc2 sc0 ls21 ws35\">(1,03<span class=\"_ _2\"></span>8)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d4 y2c11 w70 h86\"><div class=\"t m0 x184 h87 y1bfa ffbf fs3a fc2 sc0 ls21 ws35\">4,83<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2c11 w74 h86\"><div class=\"t m0 x171 h87 y1bfa ffbf fs3a fc2 sc0 ls21 ws35\">268<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d6 y2c11 w70 h86\"><div class=\"t m0 x184 h87 y1bfa ffbf fs3a fc2 sc0 ls21 ws35\">1,40<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d7 y2c11 w7c h86\"><div class=\"t m0 x183 h87 y1bfa ffbf fs3a fc2 sc0 ls21 ws35\">(6,85<span class=\"_ _2\"></span>8)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d8 y2c11 w7b h86\"><div class=\"t m0 x17f h87 y1bfa ffbf fs3a fc2 sc0 ls21 ws35\">(108,<span class=\"_ _2\"></span>539)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table><table class=\"s w16f h12e\" id=\"_21e04e48-79e0-4e87-a4bd-6319e680dac1\"><tr><td class=\"c x246 y2c51 w170 h102\"><div class=\"t m0 x245 h82 y29a6 ffda fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2f3 h82 y29a7 ffda fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x2dd y2c52 w48 h83\"><div class=\"t m0 x177 h85 y2064 ffd9 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2c52 w2a h83\"><div class=\"t m0 x177 h82 y2064 ffda fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2c53 w80 h86\"><div class=\"t m0 x0 h87 y1bde ffd9 fs3a fc2 sc0 ls1f ws33\">Balan<span class=\"_ _2\"></span>ce at Decemb<span class=\"_ _2\"></span>er 1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2dd y2c53 w48 h86\"><div class=\"t m0 x179 h87 y1bde ffd9 fs3a fc2 sc0 ls23 ws39\">52,545<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2c53 w2a h86\"><div class=\"t m0 x183 h88 y1bde ffda fs3a fc2 sc0 ls20 ws36\">54,812<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2c54 w80 h8a\"><div class=\"t m0 x0 h88 y1be0 ffda fs3a fc2 sc0 ls24 ws3a\">Increases owing to production and purc<span class=\"_ _2\"></span>hases<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2dd y2c54 w48 h8a\"><div class=\"t m0 x179 h87 y1be0 ffd9 fs3a fc2 sc0 ls23 ws39\">69,405<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2c54 w2a h8a\"><div class=\"t m0 x183 h88 y1be0 ffda fs3a fc2 sc0 ls20 ws36\">61,594<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2c55 w80 h86\"><div class=\"t m0 x0 h88 y1bde ffda fs3a fc2 sc0 ls24 ws3a\">Gain (loss) <span class=\"ls29 ws42\">from ch<span class=\"_ _2\"></span>ange in fa<span class=\"_ _2\"></span>ir value<span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2dd y2c55 w48 h86\"><div class=\"t m0 x179 h87 y1bde ffd9 fs3a fc2 sc0 ls23 ws39\">12,607<span class=\"_ _1\"></span><span class=\"ls1 ws0\">  </span></div></td><td class=\"c x2de y2c55 w2c h86\"><div class=\"t m0 x47 h88 y1bde ffda fs3a fc2 sc0 ls20 ws36\">(699)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2c56 w80 h86\"><div class=\"t m0 x0 h88 y1be4 ffda fs3a fc2 sc0 ls24 ws3a\">Effect of changes in foreign curr<span class=\"_ _2\"></span>ency rates<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2dd y2c56 w48 h86\"><div class=\"t m0 x185 h87 y1be4 ffd9 fs3a fc2 sc0 ls21 ws35\">5,42<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\">  </span></div></td><td class=\"c x2de y2c56 w2c h86\"><div class=\"t m0 x186 h88 y1be4 ffda fs3a fc2 sc0 ls20 ws36\">(1,249)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2c57 w80 h8a\"><div class=\"t m0 x0 h88 y1be6 ffda fs3a fc2 sc0 ls22 ws37\">Decreases owin<span class=\"_ _1\"></span>g to mortalities<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2dd y2c57 w25 h8a\"><div class=\"t m0 x179 h87 y1be6 ffd9 fs3a fc2 sc0 ls21 ws35\">(1,28<span class=\"_ _2\"></span>5)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2c57 w2c h8a\"><div class=\"t m0 x186 h88 y1be6 ffda fs3a fc2 sc0 ls20 ws36\">(1,097)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2c58 w80 h86\"><div class=\"t m0 x0 h88 y1be4 ffda fs3a fc2 sc0 ls22 ws37\">Transf<span class=\"_ _1\"></span>er to inventory<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2dd y2c58 w25 h86\"><div class=\"t m0 x181 h87 y1be4 ffd9 fs3a fc2 sc0 ls21 ws35\">(66,1<span class=\"_ _2\"></span>78)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2c58 w2c h86\"><div class=\"t m0 x187 h88 y1be4 ffda fs3a fc2 sc0 ls20 ws36\">(60,816)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2c59 w80 h86\"><div class=\"t m0 x0 h87 y1be2 ffd9 fs3a fc2 sc0 ls2e ws6e\">Balance at November 30<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2dd y2c59 w48 h86\"><div class=\"t m0 x179 h87 y1be2 ffd9 fs3a fc2 sc0 ls23 ws39\">72,520<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2c59 w2a h86\"><div class=\"t m0 x183 h88 y1be2 ffda fs3a fc2 sc0 ls20 ws36\">52,545<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table><table class=\"s w173 h132\" id=\"_cbb71a8c-cb25-4a20-9bbd-0f49b6ed9ebd\"><tr><td class=\"c x24b y2c77 w4d h97\"><div class=\"t m0 x0 h85 y2120 ffef fs3b fc2 sc0 ls69 wsbc\">Cost<span class=\"_ _195\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c x2f5 y2c78 w174 h103\"><div class=\"t m0 x245 h82 y29a6 fff1 fs3b fc2 sc0 ls1e ws60\">Plant and<span class=\"_ _195\"> </span></div></td><td class=\"c x2f6 y2c78 w175 h103\"><div class=\"t m0 x245 h82 y29a6 fff1 fs3b fc2 sc0 ls1 ws0\">Leasehold<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x283 h82 y2c79 fff1 fs3b fc2 sc0 ls1 ws0\">Construction<span class=\"_ _195\"> </span></td><td></td></tr><tr><td class=\"c x24b y2c77 w4d h97\"><div class=\"t m0 x0 h82 y2122 fff1 fs3b fc2 sc0 ls1 ws0\">(<span class=\"ls2d ws4a\"></span><span class=\"ls2d ws4a\">in</span> <span class=\"ls1c ws30\">US </span>$ thousands) </div></td><td class=\"c x28c y2c77 w20 h97\"><div class=\"t m0 x1a0 h82 y1bd8 fff1 fs3b fc2 sc0 ls7c wsc3\">Land<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c77 w20 h97\"><div class=\"t m0 x179 h82 y1bd8 fff1 fs3b fc2 sc0 ls2d ws4a\">Buildin<span class=\"_ _2\"></span>gs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c77 w8d h97\"><div class=\"t m0 x19b h82 y1bd8 fff1 fs3b fc2 sc0 ls1e ws2f\">Ships and <span class=\"ls1 ws0\">b<span class=\"ls3a ws9b\">arges</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c77 w48 h97\"><div class=\"t m0 x19a h82 y1bd8 fff1 fs3b fc2 sc0 ls1c ws30\">Tank <span class=\"ls1 ws0\">containers</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f7 y2c7a w176 h103\"><div class=\"t m0 x245 h82 y29a6 fff1 fs3b fc2 sc0 ls1 ws0\">equipment<span class=\"_ _195\"> </span></div></td><td class=\"c x2f8 y2c7a w177 h103\"><div class=\"t m0 x245 h82 y29a6 fff1 fs3b fc2 sc0 ls1 ws0\">improvements</div></td><td class=\"c x2f9 y2c77 w20 h97\"><div class=\"t m0 x99 h82 y2123 fff1 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x180 h82 y2064 fff1 fs3b fc2 sc0 ls1 ws0\">i<span class=\"ls7d wsc4\">n </span>progress </div></td><td class=\"c x2fa y2c77 w34 h97\"><div class=\"t m0 x1a0 h82 y1bd8 fff1 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2c7b w4d h89\"><div class=\"t m0 x0 h87 y1bde ffef fs3a fc2 sc0 ls7e ws4d\">Balan<span class=\"_ _2\"></span>ce at<span class=\"_ _2\"></span> <span class=\"ls7f wsc5\">Decem<span class=\"_ _1\"></span>ber 1<span class=\"ls76 ws38\">, 202<span class=\"ls1 ws0\">3</span></span></span><span class=\"ls7f wsc5\"><span class=\"ls76 ws38\"><span class=\"ls1 ws0\"><span class=\"_ _3\"></span> </span></span></span></div></td><td class=\"c x28c y2c7b w20 h89\"><div class=\"t m0 x183 h87 y1bde ffef fs3a fc2 sc0 ls76 wsb9\">64,707<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c7b w20 h89\"><div class=\"t m0 x187 h87 y1bde ffef fs3a fc2 sc0 ls76 wsb9\">145,333<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c7b w8d h89\"><div class=\"t m0 x17b h87 y1bde ffef fs3a fc2 sc0 ls76 wsb9\">3,298,743<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c7b w48 h89\"><div class=\"t m0 x187 h87 y1bde ffef fs3a fc2 sc0 ls76 wsb9\">542,230<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c7b w2a h89\"><div class=\"t m0 x17b h87 y1bde ffef fs3a fc2 sc0 ls76 wsb9\">1,602,071<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c7b w20 h89\"><div class=\"t m0 x183 h87 y1bde ffef fs3a fc2 sc0 ls76 wsb9\">10,543<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c7b w20 h89\"><div class=\"t m0 x187 h87 y1bde ffef fs3a fc2 sc0 ls76 wsb9\">112,609<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2c7b w34 h89\"><div class=\"t m0 x17b h87 y1bde ffef fs3a fc2 sc0 ls76 wsb9\">5,776,236<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c7c w4d h86\"><div class=\"t m0 x0 h88 y1bdc fff1 fs3a fc2 sc0 ls28 ws40\">Additio<span class=\"_ _2\"></span>ns<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c7c w20 h86\"><div class=\"t m0 x184 h88 y1bdc fff1 fs3a fc2 sc0 ls20 ws36\">1,063<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c7c w20 h86\"><div class=\"t m0 x184 h88 y1bdc fff1 fs3a fc2 sc0 ls20 ws36\">1,472<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c7c w8d h86\"><div class=\"t m0 x183 h88 y1bdc fff1 fs3a fc2 sc0 ls20 ws36\">81,595<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c7c w48 h86\"><div class=\"t m0 x183 h88 y1bdc fff1 fs3a fc2 sc0 ls20 ws36\">41,189<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c7c w2a h86\"><div class=\"t m0 x184 h88 y1bdc fff1 fs3a fc2 sc0 ls20 ws36\">7,966<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c7c w20 h86\"><div class=\"t m0 x171 h88 y1bdc fff1 fs3a fc2 sc0 ls20 ws36\">973<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c7c w20 h86\"><div class=\"t m0 x181 h88 y1bdc fff1 fs3a fc2 sc0 ls20 ws36\">100,940<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2c7c w34 h86\"><div class=\"t m0 x181 h88 y1bdc fff1 fs3a fc2 sc0 ls20 ws36\">235,198<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c7d w4d h8c\"><div class=\"t m0 x0 h88 y1c09 fff1 fs3a fc2 sc0 ls23 ws4b\">Grant receip<span class=\"_ _1\"></span>ts<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c7d w20 h8c\"><div class=\"t m0 x2d h88 y1c09 fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x24e y2c7d w25 h8c\"><div class=\"t m0 x188 h88 y1c09 fff1 fs3a fc2 sc0 ls20 ws36\">(258)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c7d w8d h8c\"><div class=\"t m0 x2d h88 y1c09 fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x29e y2c7d w48 h8c\"><div class=\"t m0 x2d h88 y1c09 fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x29f y2c7d w2c h8c\"><div class=\"t m0 x186 h88 y1c09 fff1 fs3a fc2 sc0 ls20 ws36\">(1,063)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c7d w20 h8c\"><div class=\"t m0 x2d h88 y1c09 fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x2f9 y2c7d w20 h8c\"><div class=\"t m0 x2d h88 y1c09 fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x2fa y2c7d w56 h8c\"><div class=\"t m0 x186 h88 y1c09 fff1 fs3a fc2 sc0 ls20 ws36\">(1,321)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c7e w4d h8b\"><div class=\"t m0 x0 h88 y1be4 fff1 fs3a fc2 sc0 ls25 ws3c\">Disposals and retirements<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c7e w20 h8b\"><div class=\"t m0 x2d h88 y1be4 fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x24e y2c7e w25 h8b\"><div class=\"t m0 x186 h88 y1be4 fff1 fs3a fc2 sc0 ls20 ws36\">(1,064)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c7e w25 h8b\"><div class=\"t m0 x17f h88 y1be4 fff1 fs3a fc2 sc0 ls20 ws36\">(132,515)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c7e w25 h8b\"><div class=\"t m0 x187 h88 y1be4 fff1 fs3a fc2 sc0 ls20 ws36\">(19,502)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c7e w2c h8b\"><div class=\"t m0 x187 h88 y1be4 fff1 fs3a fc2 sc0 ls20 ws36\">(11,274)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c7e w2b h8b\"><div class=\"t m0 x186 h88 y1be4 fff1 fs3a fc2 sc0 ls20 ws36\">(2,132)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c7e w20 h8b\"><div class=\"t m0 x1 h88 y1be4 fff1 fs3a fc2 sc0 ls20 ws36\">56<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2c7e w56 h8b\"><div class=\"t m0 x17f h88 y1be4 fff1 fs3a fc2 sc0 ls20 ws36\">(166,431)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c7f w4d h86\"><div class=\"t m0 x0 h88 y1be2 fff1 fs3a fc2 sc0 ls80 ws3d\">Net foreign exchange differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c7f w2b h86\"><div class=\"t m0 x186 h88 y1be2 fff1 fs3a fc2 sc0 ls20 ws36\">(1,430)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c7f w25 h86\"><div class=\"t m0 x186 h88 y1be2 fff1 fs3a fc2 sc0 ls20 ws36\">(1,117)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c7f w25 h86\"><div class=\"t m0 x186 h88 y1be2 fff1 fs3a fc2 sc0 ls20 ws36\">(2,141)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c7f w25 h86\"><div class=\"t m0 x188 h88 y1be2 fff1 fs3a fc2 sc0 ls20 ws36\">(113)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c7f w2c h86\"><div class=\"t m0 x187 h88 y1be2 fff1 fs3a fc2 sc0 ls20 ws36\">(19,719)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c7f w2b h86\"><div class=\"t m0 x1be h88 y1be2 fff1 fs3a fc2 sc0 ls20 ws36\">(65)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c7f w24 h86\"><div class=\"t m0 x186 h88 y1be2 fff1 fs3a fc2 sc0 ls20 ws36\">(2,937)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2c7f w56 h86\"><div class=\"t m0 x187 h88 y1be2 fff1 fs3a fc2 sc0 ls20 ws36\">(27,522)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c80 w4d h8a\"><div class=\"t m0 x0 h88 y1c79 fff1 fs3a fc2 sc0 ls22 ws3e\">Transf<span class=\"_ _1\"></span>ers<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c80 w20 h8a\"><div class=\"t m0 x2d h88 y1c79 fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x24e y2c80 w20 h8a\"><div class=\"t m0 x184 h88 y1c79 fff1 fs3a fc2 sc0 ls20 ws36\">2,695<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c80 w8d h8a\"><div class=\"t m0 x2d h88 y1c79 fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x29e y2c80 w48 h8a\"><div class=\"t m0 x171 h88 y1c79 fff1 fs3a fc2 sc0 ls20 ws36\">372<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c80 w2a h8a\"><div class=\"t m0 x183 h88 y1c79 fff1 fs3a fc2 sc0 ls20 ws36\">89,932<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c80 w20 h8a\"><div class=\"t m0 x184 h88 y1c79 fff1 fs3a fc2 sc0 ls20 ws36\">5,786<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c80 w24 h8a\"><div class=\"t m0 x187 h88 y1c79 fff1 fs3a fc2 sc0 ls20 ws36\">(98,785)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2c80 w34 h8a\"><div class=\"t m0 x2d h88 y1c79 fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td></tr><tr><td class=\"c x24b y2c81 w4d h86\"><div class=\"t m0 x0 h88 y1bea fff1 fs3a fc2 sc0 ls25 ws3c\">Reclasses and other<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c81 w20 h86\"><div class=\"t m0 x2d h88 y1bea fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x24e y2c81 w25 h86\"><div class=\"t m0 x1 h88 y1bea fff1 fs3a fc2 sc0 ls2a ws45\">(2)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c81 w25 h86\"><div class=\"t m0 x1 h88 y1bea fff1 fs3a fc2 sc0 ls2a ws45\">(5)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c81 w48 h86\"><div class=\"t m0 x2d h88 y1bea fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x29f y2c81 w2a h86\"><div class=\"t m0 x171 h88 y1bea fff1 fs3a fc2 sc0 ls20 ws36\">372<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c81 w20 h86\"><div class=\"t m0 xb6 h88 y1bea fff1 fs3a fc2 sc0 ls1 ws0\">6<span class=\"_ _1\"></span> </div></td><td class=\"c x2f9 y2c81 w24 h86\"><div class=\"t m0 x188 h88 y1bea fff1 fs3a fc2 sc0 ls20 ws36\">(643)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2c81 w56 h86\"><div class=\"t m0 x188 h88 y1bea fff1 fs3a fc2 sc0 ls20 ws36\">(272)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c82 w4d h86\"><div class=\"t m0 x0 h87 y1be8 ffef fs3a fc2 sc0 ls7e ws4d\">Balan<span class=\"_ _2\"></span>ce at<span class=\"ls1 ws0\"> <span class=\"ls76 ws38\">Novem<span class=\"_ _1\"></span>be<span class=\"_ _2\"></span>r 30, 202<span class=\"ls1 ws0\">4</span></span></span><span class=\"ls1 ws0\"><span class=\"ls76 ws38\"><span class=\"ls1 ws0\"><span class=\"_ _3\"></span><span class=\"fff3\"> </span></span></span></span></div></td><td class=\"c x28c y2c82 w20 h86\"><div class=\"t m0 x183 h87 y1be8 ffef fs3a fc2 sc0 ls76 wsb9\">64,340<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c82 w20 h86\"><div class=\"t m0 x187 h87 y1be8 ffef fs3a fc2 sc0 ls76 wsb9\">147,059<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c82 w8d h86\"><div class=\"t m0 x17b h87 y1be8 ffef fs3a fc2 sc0 ls76 wsb9\">3,245,677<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c82 w48 h86\"><div class=\"t m0 x187 h87 y1be8 ffef fs3a fc2 sc0 ls76 wsb9\">564,176<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c82 w2a h86\"><div class=\"t m0 x17b h87 y1be8 ffef fs3a fc2 sc0 ls76 wsb9\">1,668,285<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c82 w20 h86\"><div class=\"t m0 x183 h87 y1be8 ffef fs3a fc2 sc0 ls76 wsb9\">15,111<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c82 w20 h86\"><div class=\"t m0 x187 h87 y1be8 ffef fs3a fc2 sc0 ls76 wsb9\">111,240<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2c82 w34 h86\"><div class=\"t m0 x17b h87 y1be8 ffef fs3a fc2 sc0 ls76 wsb9\">5,815,888<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c83 w4d h86\"><div class=\"t m0 x0 h88 y1bea fff1 fs3a fc2 sc0 ls28 ws40\">Additio<span class=\"_ _2\"></span>ns<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c83 w20 h86\"><div class=\"t m0 x2d h88 y1bea fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x24e y2c83 w20 h86\"><div class=\"t m0 x171 h88 y1bea fff1 fs3a fc2 sc0 ls20 ws36\">596<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c83 w8d h86\"><div class=\"t m0 x183 h88 y1bea fff1 fs3a fc2 sc0 ls20 ws36\">36,509<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c83 w48 h86\"><div class=\"t m0 x183 h88 y1bea fff1 fs3a fc2 sc0 ls20 ws36\">15,067<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c83 w2a h86\"><div class=\"t m0 x184 h88 y1bea fff1 fs3a fc2 sc0 ls20 ws36\">3,422<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c83 w20 h86\"><div class=\"t m0 x171 h88 y1bea fff1 fs3a fc2 sc0 ls20 ws36\">165<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c83 w20 h86\"><div class=\"t m0 x181 h88 y1bea fff1 fs3a fc2 sc0 ls20 ws36\">186,881<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2c83 w34 h86\"><div class=\"t m0 x181 h88 y1bea fff1 fs3a fc2 sc0 ls20 ws36\">242,640<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c84 w4d h8a\"><div class=\"t m0 x0 h88 y1bec fff1 fs3a fc2 sc0 ls24 ws3a\">Business combinations<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c84 w20 h8a\"><div class=\"t m0 x2d h88 y1bec fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x24e y2c84 w20 h8a\"><div class=\"t m0 x171 h88 y1bec fff1 fs3a fc2 sc0 ls20 ws36\">401<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c84 w8d h8a\"><div class=\"t m0 x181 h88 y1bec fff1 fs3a fc2 sc0 ls20 ws36\">661,914<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c84 w48 h8a\"><div class=\"t m0 x183 h88 y1bec fff1 fs3a fc2 sc0 ls20 ws36\">75,681<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c84 w2a h8a\"><div class=\"t m0 x184 h88 y1bec fff1 fs3a fc2 sc0 ls20 ws36\">3,731<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c84 w20 h8a\"><div class=\"t m0 x2d h88 y1bec fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x2f9 y2c84 w20 h8a\"><div class=\"t m0 x171 h88 y1bec fff1 fs3a fc2 sc0 ls20 ws36\">368<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2c84 w34 h8a\"><div class=\"t m0 x181 h88 y1bec fff1 fs3a fc2 sc0 ls20 ws36\">742,095<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c85 w4d h86\"><div class=\"t m0 x0 h88 y1bf4 fff1 fs3a fc2 sc0 ls23 ws4b\">Grant receip<span class=\"_ _1\"></span>ts<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c85 w20 h86\"><div class=\"t m0 x2d h88 y1bf4 fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x24e y2c85 w25 h86\"><div class=\"t m0 x186 h88 y1bf4 fff1 fs3a fc2 sc0 ls20 ws36\">(1,127)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c85 w8d h86\"><div class=\"t m0 x2d h88 y1bf4 fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x29e y2c85 w48 h86\"><div class=\"t m0 x2d h88 y1bf4 fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x29f y2c85 w2c h86\"><div class=\"t m0 x186 h88 y1bf4 fff1 fs3a fc2 sc0 ls20 ws36\">(1,693)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c85 w20 h86\"><div class=\"t m0 x2d h88 y1bf4 fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x2f9 y2c85 w24 h86\"><div class=\"t m0 x186 h88 y1bf4 fff1 fs3a fc2 sc0 ls20 ws36\">(2,955)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2c85 w56 h86\"><div class=\"t m0 x186 h88 y1bf4 fff1 fs3a fc2 sc0 ls20 ws36\">(5,775)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c86 w4d h86\"><div class=\"t m0 x0 h88 y1bef fff1 fs3a fc2 sc0 ls25 ws3c\">Disposals and retirements<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c86 w2b h86\"><div class=\"t m0 x186 h88 y1bef fff1 fs3a fc2 sc0 ls20 ws36\">(4,016)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c86 w25 h86\"><div class=\"t m0 x1be h88 y1bef fff1 fs3a fc2 sc0 ls20 ws36\">(27)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c86 w25 h86\"><div class=\"t m0 x187 h88 y1bef fff1 fs3a fc2 sc0 ls20 ws36\">(43,849)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c86 w25 h86\"><div class=\"t m0 x187 h88 y1bef fff1 fs3a fc2 sc0 ls20 ws36\">(15,233)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c86 w2c h86\"><div class=\"t m0 x186 h88 y1bef fff1 fs3a fc2 sc0 ls20 ws36\">(7,651)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c86 w2b h86\"><div class=\"t m0 x1be h88 y1bef fff1 fs3a fc2 sc0 ls20 ws36\">(75)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c86 w24 h86\"><div class=\"t m0 x187 h88 y1bef fff1 fs3a fc2 sc0 ls20 ws36\">(28,766)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2c86 w56 h86\"><div class=\"t m0 x187 h88 y1bef fff1 fs3a fc2 sc0 ls20 ws36\">(99,617)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c87 w4d h8a\"><div class=\"t m0 x0 h88 y1c41 fff1 fs3a fc2 sc0 ls80 ws3d\">Net foreign exchange differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c87 w20 h8a\"><div class=\"t m0 x184 h88 y1c41 fff1 fs3a fc2 sc0 ls20 ws36\">3,332<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c87 w20 h8a\"><div class=\"t m0 x184 h88 y1c41 fff1 fs3a fc2 sc0 ls20 ws36\">8,601<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c87 w8d h8a\"><div class=\"t m0 x184 h88 y1c41 fff1 fs3a fc2 sc0 ls20 ws36\">7,302<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c87 w48 h8a\"><div class=\"t m0 x171 h88 y1c41 fff1 fs3a fc2 sc0 ls20 ws36\">342<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c87 w2a h8a\"><div class=\"t m0 x183 h88 y1c41 fff1 fs3a fc2 sc0 ls20 ws36\">38,380<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c87 w20 h8a\"><div class=\"t m0 x171 h88 y1c41 fff1 fs3a fc2 sc0 ls20 ws36\">730<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c87 w20 h8a\"><div class=\"t m0 x184 h88 y1c41 fff1 fs3a fc2 sc0 ls20 ws36\">3,241<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2c87 w34 h8a\"><div class=\"t m0 x183 h88 y1c41 fff1 fs3a fc2 sc0 ls20 ws36\">61,928<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c88 w4d h86\"><div class=\"t m0 x0 h88 y1bef fff1 fs3a fc2 sc0 ls22 ws3e\">Transf<span class=\"_ _1\"></span>ers<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c88 w20 h86\"><div class=\"t m0 x2d h88 y1bef fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x24e y2c88 w20 h86\"><div class=\"t m0 x184 h88 y1bef fff1 fs3a fc2 sc0 ls20 ws36\">3,830<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c88 w8d h86\"><div class=\"t m0 x2d h88 y1bef fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x29e y2c88 w48 h86\"><div class=\"t m0 x171 h88 y1bef fff1 fs3a fc2 sc0 ls20 ws36\">586<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c88 w2a h86\"><div class=\"t m0 x183 h88 y1bef fff1 fs3a fc2 sc0 ls20 ws36\">64,199<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c88 w20 h86\"><div class=\"t m0 x171 h88 y1bef fff1 fs3a fc2 sc0 ls20 ws36\">707<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c88 w24 h86\"><div class=\"t m0 x187 h88 y1bef fff1 fs3a fc2 sc0 ls20 ws36\">(69,322)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2c88 w34 h86\"><div class=\"t m0 x2d h88 y1bef fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td></tr><tr><td class=\"c x24b y2c89 w4d h8b\"><div class=\"t m0 x0 h88 y1bf8 fff1 fs3a fc2 sc0 ls25 ws3c\">Reclasses and other<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c89 w20 h8b\"><div class=\"t m0 x2d h88 y1bf8 fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x24e y2c89 w20 h8b\"><div class=\"t m0 x1 h88 y1bf8 fff1 fs3a fc2 sc0 ls20 ws36\">83<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c89 w25 h8b\"><div class=\"t m0 x1 h88 y1bf8 fff1 fs3a fc2 sc0 ls2a ws45\">(4)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c89 w48 h8b\"><div class=\"t m0 x2d h88 y1bf8 fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x29f y2c89 w2a h8b\"><div class=\"t m0 x171 h88 y1bf8 fff1 fs3a fc2 sc0 ls20 ws36\">188<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c89 w20 h8b\"><div class=\"t m0 x1 h88 y1bf8 fff1 fs3a fc2 sc0 ls20 ws36\">49<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c89 w20 h8b\"><div class=\"t m0 x1 h88 y1bf8 fff1 fs3a fc2 sc0 ls20 ws36\">77<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2c89 w34 h8b\"><div class=\"t m0 x171 h88 y1bf8 fff1 fs3a fc2 sc0 ls20 ws36\">393<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c8a w4d h8a\"><div class=\"t m0 x0 h87 y1bf6 ffef fs3a fc2 sc0 ls7e ws4d\">Balan<span class=\"_ _2\"></span>ce at<span class=\"_ _2\"></span> Novembe<span class=\"_ _2\"></span>r 30, <span class=\"_ _2\"></span>202<span class=\"ls1 ws0\">5</span><span class=\"ls1 ws0\"><span class=\"_ _1\"></span><span class=\"fff3\"> </span></span></div></td><td class=\"c x28c y2c8a w20 h8a\"><div class=\"t m0 x183 h87 y1bf6 ffef fs3a fc2 sc0 ls76 wsb9\">63,656<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c8a w20 h8a\"><div class=\"t m0 x187 h87 y1bf6 ffef fs3a fc2 sc0 ls76 wsb9\">159,416<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c8a w8d h8a\"><div class=\"t m0 x17b h87 y1bf6 ffef fs3a fc2 sc0 ls76 wsb9\">3,907,549<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c8a w48 h8a\"><div class=\"t m0 x187 h87 y1bf6 ffef fs3a fc2 sc0 ls76 wsb9\">640,619<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c8a w2a h8a\"><div class=\"t m0 x17b h87 y1bf6 ffef fs3a fc2 sc0 ls76 wsb9\">1,768,861<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c8a w20 h8a\"><div class=\"t m0 x183 h87 y1bf6 ffef fs3a fc2 sc0 ls76 wsb9\">16,687<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c8a w20 h8a\"><div class=\"t m0 x187 h87 y1bf6 ffef fs3a fc2 sc0 ls81 wsc6\">200,764<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2c8a w34 h8a\"><div class=\"t m0 x17b h87 y1bf6 ffef fs3a fc2 sc0 ls76 wsb9\">6,757,<span class=\"ls81 wsc6\">552</span><span class=\"ls81 wsc6\"><span class=\"ls1 ws0\"> </span></span></div></td></tr></table><table class=\"s w14c h133\" id=\"_c1c86b7d-8843-4606-9f06-7f452950b5f1\"><tr><td class=\"c x246 y2c8c w178 h134\"><div class=\"t m0 x245 h85 y2c8b fff6 fs3b fc2 sc0 ls1 ws0\">Accumulated<span class=\"_ _195\"> </span></div><div class=\"t m0 x2fc h85 y2c8b fff6 fs3b fc2 sc0 ls65 ws99\">deprecia<span class=\"_ _2\"></span>tion<span class=\"ls1 ws0\"> and </span>impairme<span class=\"_ _2\"></span>nt<span class=\"_ _195\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c x2f5 y2c8d w174 h103\"><div class=\"t m0 x245 h82 y29a6 fff7 fs3b fc2 sc0 ls1e ws60\">Plant and<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x2fd h82 y2c8e fff7 fs3b fc2 sc0 ls1 ws0\">Leasehold<span class=\"_ _195\"> </span></td><td class=\"t m0 x283 h82 y2c8e fff7 fs3b fc2 sc0 ls1 ws0\">Construction<span class=\"_ _195\"> </span></td><td></td></tr><tr><td class=\"c x246 y2c8f w179 h102\"><div class=\"t m0 x245 h82 y29a6 fff7 fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2b9 h82 y29a7 fff7 fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ thousands)<span class=\"_ _195\"> </span></div></td><td class=\"c x28c y2c90 w20 h97\"><div class=\"t m0 x1a0 h82 y1cce fff7 fs3b fc2 sc0 ls7c wsc3\">Land<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c90 w20 h97\"><div class=\"t m0 x179 h82 y1cce fff7 fs3b fc2 sc0 ls2d ws4a\">Buildin<span class=\"_ _2\"></span>gs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c90 w8d h97\"><div class=\"t m0 x19b h82 y1cce fff7 fs3b fc2 sc0 ls1e ws2f\">Ships and <span class=\"ls1 ws0\">b<span class=\"ls3a ws9b\">arges</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c90 w48 h97\"><div class=\"t m0 x19a h82 y1cce fff7 fs3b fc2 sc0 ls1c ws30\">Tank <span class=\"ls1 ws0\">containers</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f7 y2c91 w176 h103\"><div class=\"t m0 x245 h82 y29a6 fff7 fs3b fc2 sc0 ls1 ws0\">equipment</div></td><td class=\"c x2fb y2c90 w20 h97\"><div class=\"t m0 x99 h82 y213b fff7 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x17c h82 y1ec8 fff7 fs3b fc2 sc0 ls1 ws0\">improvements </div></td><td class=\"c x2f9 y2c90 w20 h97\"><div class=\"t m0 x99 h82 y213b fff7 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x180 h82 y1ec8 fff7 fs3b fc2 sc0 ls1 ws0\">i<span class=\"ls7d wsc4\">n </span>progress </div></td><td class=\"c x2fa y2c90 w34 h97\"><div class=\"t m0 x1a0 h82 y1cce fff7 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2c92 w4d h89\"><div class=\"t m0 x0 h87 y1bfa fff6 fs3a fc2 sc0 ls2e ws6e\">Balance at <span class=\"ls75 ws39\">D<span class=\"_ _2\"></span>ecemb<span class=\"_ _2\"></span>er 1<span class=\"ls21 ws38\">, 20<span class=\"_ _2\"></span>23</span></span><span class=\"ls75 ws39\"><span class=\"ls21 ws38\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x28c y2c92 w20 h89\"><div class=\"t m0 xb6 h87 y1bfa fff8 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"fff6\"> </span></div></td><td class=\"c x24e y2c92 w20 h89\"><div class=\"t m0 x179 h87 y1bfa fff6 fs3a fc2 sc0 ls23 ws39\">62,057<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c92 w8d h89\"><div class=\"t m0 x17a h87 y1bfa fff6 fs3a fc2 sc0 ls21 ws35\">1,84<span class=\"_ _2\"></span>0,219<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c92 w48 h89\"><div class=\"t m0 x180 h87 y1bfa fff6 fs3a fc2 sc0 ls21 ws35\">268,<span class=\"_ _2\"></span>692<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c92 w2a h89\"><div class=\"t m0 x180 h87 y1bfa fff6 fs3a fc2 sc0 ls21 ws35\">758,<span class=\"_ _2\"></span>281<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c92 w20 h89\"><div class=\"t m0 x185 h87 y1bfa fff6 fs3a fc2 sc0 ls21 ws35\">6,48<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c92 w20 h89\"><div class=\"t m0 xb6 h87 y1bfa fff8 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"fff6\"> </span></div></td><td class=\"c x2fa y2c92 w34 h89\"><div class=\"t m0 x17b h87 y1bfa fff6 fs3a fc2 sc0 ls76 wsb9\">2,935,734<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c93 w4d h86\"><div class=\"t m0 x0 h88 y1c50 fff7 fs3a fc2 sc0 ls26 ws3d\">Depreciation exp<span class=\"_ _1\"></span>ense <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c93 w20 h86\"><div class=\"t m0 x2d h88 y1c50 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x24e y2c93 w20 h86\"><div class=\"t m0 x184 h88 y1c50 fff7 fs3a fc2 sc0 ls20 ws36\">2,752<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c93 w8d h86\"><div class=\"t m0 x181 h88 y1c50 fff7 fs3a fc2 sc0 ls20 ws36\">131,024<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c93 w48 h86\"><div class=\"t m0 x183 h88 y1c50 fff7 fs3a fc2 sc0 ls20 ws36\">21,147<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c93 w2a h86\"><div class=\"t m0 x183 h88 y1c50 fff7 fs3a fc2 sc0 ls20 ws36\">71,236<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c93 w20 h86\"><div class=\"t m0 x184 h88 y1c50 fff7 fs3a fc2 sc0 ls20 ws36\">1,049<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c93 w20 h86\"><div class=\"t m0 x2d h88 y1c50 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x2fa y2c93 w34 h86\"><div class=\"t m0 x181 h88 y1c50 fff7 fs3a fc2 sc0 ls20 ws36\">227,208<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c94 w4d h8c\"><div class=\"t m0 x0 h88 y1bf6 fff7 fs3a fc2 sc0 ls25 ws3c\">Disposals and retirements<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c94 w20 h8c\"><div class=\"t m0 x2d h88 y1bf6 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x24e y2c94 w25 h8c\"><div class=\"t m0 x188 h88 y1bf6 fff7 fs3a fc2 sc0 ls20 ws36\">(258)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c94 w25 h8c\"><div class=\"t m0 x187 h88 y1bf6 fff7 fs3a fc2 sc0 ls20 ws36\">(80,434)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c94 w25 h8c\"><div class=\"t m0 x187 h88 y1bf6 fff7 fs3a fc2 sc0 ls20 ws36\">(14,938)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c94 w2c h8c\"><div class=\"t m0 x187 h88 y1bf6 fff7 fs3a fc2 sc0 ls20 ws36\">(10,922)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c94 w2b h8c\"><div class=\"t m0 x186 h88 y1bf6 fff7 fs3a fc2 sc0 ls20 ws36\">(2,132)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c94 w20 h8c\"><div class=\"t m0 x2d h88 y1bf6 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x2fa y2c94 w56 h8c\"><div class=\"t m0 x17f h88 y1bf6 fff7 fs3a fc2 sc0 ls20 ws36\">(108,684)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c95 w4d h86\"><div class=\"t m0 x0 h88 y1c05 fff7 fs3a fc2 sc0 ls80 ws3d\">Net foreign exchange differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c95 w20 h86\"><div class=\"t m0 x2d h88 y1c05 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x24e y2c95 w25 h86\"><div class=\"t m0 x188 h88 y1c05 fff7 fs3a fc2 sc0 ls20 ws36\">(257)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c95 w25 h86\"><div class=\"t m0 x186 h88 y1c05 fff7 fs3a fc2 sc0 ls20 ws36\">(1,142)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c95 w25 h86\"><div class=\"t m0 x1be h88 y1c05 fff7 fs3a fc2 sc0 ls20 ws36\">(62)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c95 w2c h86\"><div class=\"t m0 x186 h88 y1c05 fff7 fs3a fc2 sc0 ls20 ws36\">(9,114)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c95 w2b h86\"><div class=\"t m0 x1be h88 y1c05 fff7 fs3a fc2 sc0 ls20 ws36\">(60)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c95 w20 h86\"><div class=\"t m0 x2d h88 y1c05 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x2fa y2c95 w56 h86\"><div class=\"t m0 x187 h88 y1c05 fff7 fs3a fc2 sc0 ls20 ws36\">(10,635)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c96 w4d h89\"><div class=\"t m0 x0 h88 y1bde fff7 fs3a fc2 sc0 ls25 ws3c\">Reclasses and other<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c96 w20 h89\"><div class=\"t m0 x2d h88 y1bde fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x24e y2c96 w20 h89\"><div class=\"t m0 x184 h88 y1bde fff7 fs3a fc2 sc0 ls20 ws36\">2,352<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c96 w25 h89\"><div class=\"t m0 x1be h88 y1bde fff7 fs3a fc2 sc0 ls20 ws36\">(22)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c96 w25 h89\"><div class=\"t m0 x188 h88 y1bde fff7 fs3a fc2 sc0 ls20 ws36\">(234)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c96 w2c h89\"><div class=\"t m0 x186 h88 y1bde fff7 fs3a fc2 sc0 ls20 ws36\">(4,873)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c96 w2b h89\"><div class=\"t m0 x1 h88 y1bde fff7 fs3a fc2 sc0 ls2a ws45\">(2)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c96 w20 h89\"><div class=\"t m0 x2d h88 y1bde fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x2fa y2c96 w56 h89\"><div class=\"t m0 x186 h88 y1bde fff7 fs3a fc2 sc0 ls20 ws36\">(2,779)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c97 w4d h8a\"><div class=\"t m0 x0 h87 y1be0 fff6 fs3a fc2 sc0 ls23 wsc7\">Balance<span class=\"_ _1\"></span> at Nove<span class=\"_ _1\"></span>mber 30, 2024<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c97 w20 h8a\"><div class=\"t m0 xb6 h87 y1be0 fff8 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"fff6\"> </span></div></td><td class=\"c x24e y2c97 w20 h8a\"><div class=\"t m0 x179 h87 y1be0 fff6 fs3a fc2 sc0 ls23 ws39\">66,646<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c97 w8d h8a\"><div class=\"t m0 x17a h87 y1be0 fff6 fs3a fc2 sc0 ls21 ws35\">1,88<span class=\"_ _2\"></span>9,645<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c97 w48 h8a\"><div class=\"t m0 x180 h87 y1be0 fff6 fs3a fc2 sc0 ls21 ws35\">274,<span class=\"_ _2\"></span>605<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c97 w2a h8a\"><div class=\"t m0 x180 h87 y1be0 fff6 fs3a fc2 sc0 ls21 ws35\">804,<span class=\"_ _2\"></span>608<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c97 w20 h8a\"><div class=\"t m0 x185 h87 y1be0 fff6 fs3a fc2 sc0 ls21 ws35\">5,34<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c97 w20 h8a\"><div class=\"t m0 xb6 h87 y1be0 fff8 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"fff6\"> </span></div></td><td class=\"c x2fa y2c97 w34 h8a\"><div class=\"t m0 x17b h87 y1be0 fff6 fs3a fc2 sc0 ls76 wsb9\">3,040,844<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c98 w4d h8a\"><div class=\"t m0 x0 h88 y1be6 fff7 fs3a fc2 sc0 ls26 ws3d\">Depreciation exp<span class=\"_ _1\"></span>ense <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c98 w20 h8a\"><div class=\"t m0 x2d h88 y1be6 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x24e y2c98 w20 h8a\"><div class=\"t m0 x184 h88 y1be6 fff7 fs3a fc2 sc0 ls20 ws36\">2,734<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c98 w8d h8a\"><div class=\"t m0 x181 h88 y1be6 fff7 fs3a fc2 sc0 ls20 ws36\">157,683<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c98 w48 h8a\"><div class=\"t m0 x183 h88 y1be6 fff7 fs3a fc2 sc0 ls20 ws36\">22,046<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c98 w2a h8a\"><div class=\"t m0 x183 h88 y1be6 fff7 fs3a fc2 sc0 ls20 ws36\">73,444<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c98 w20 h8a\"><div class=\"t m0 x184 h88 y1be6 fff7 fs3a fc2 sc0 ls20 ws36\">1,595<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c98 w20 h8a\"><div class=\"t m0 x2d h88 y1be6 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x2fa y2c98 w34 h8a\"><div class=\"t m0 x181 h88 y1be6 fff7 fs3a fc2 sc0 ls20 ws36\">257,502<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c99 w4d h8b\"><div class=\"t m0 x0 h88 y1be4 fff7 fs3a fc2 sc0 ls25 ws3c\">Disposals and retirements<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c99 w20 h8b\"><div class=\"t m0 x2d h88 y1be4 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x24e y2c99 w25 h8b\"><div class=\"t m0 x1 h88 y1be4 fff7 fs3a fc2 sc0 ls2a ws45\">(2)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c99 w25 h8b\"><div class=\"t m0 x187 h88 y1be4 fff7 fs3a fc2 sc0 ls20 ws36\">(44,475)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c99 w25 h8b\"><div class=\"t m0 x187 h88 y1be4 fff7 fs3a fc2 sc0 ls20 ws36\">(11,444)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c99 w2c h8b\"><div class=\"t m0 x186 h88 y1be4 fff7 fs3a fc2 sc0 ls20 ws36\">(7,729)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c99 w2b h8b\"><div class=\"t m0 x1be h88 y1be4 fff7 fs3a fc2 sc0 ls20 ws36\">(75)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c99 w20 h8b\"><div class=\"t m0 x2d h88 y1be4 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x2fa y2c99 w56 h8b\"><div class=\"t m0 x187 h88 y1be4 fff7 fs3a fc2 sc0 ls20 ws36\">(63,725)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c9a w4d h86\"><div class=\"t m0 x0 h88 y1be2 fff7 fs3a fc2 sc0 ls80 ws3d\">Net foreign exchange differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c9a w20 h86\"><div class=\"t m0 x2d h88 y1be2 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x24e y2c9a w20 h86\"><div class=\"t m0 x184 h88 y1be2 fff7 fs3a fc2 sc0 ls20 ws36\">4,205<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c9a w8d h86\"><div class=\"t m0 x184 h88 y1be2 fff7 fs3a fc2 sc0 ls20 ws36\">4,029<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c9a w48 h86\"><div class=\"t m0 x1 h88 y1be2 fff7 fs3a fc2 sc0 ls20 ws36\">95<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c9a w2a h86\"><div class=\"t m0 x183 h88 y1be2 fff7 fs3a fc2 sc0 ls20 ws36\">20,132<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c9a w20 h86\"><div class=\"t m0 x1 h88 y1be2 fff7 fs3a fc2 sc0 ls20 ws36\">68<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c9a w20 h86\"><div class=\"t m0 x2d h88 y1be2 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x2fa y2c9a w34 h86\"><div class=\"t m0 x183 h88 y1be2 fff7 fs3a fc2 sc0 ls20 ws36\">28,529<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c9b w4d h8a\"><div class=\"t m0 x0 h88 y1c18 fff7 fs3a fc2 sc0 ls25 ws3c\">Reclasses and other<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c9b w20 h8a\"><div class=\"t m0 x2d h88 y1c18 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x24e y2c9b w20 h8a\"><div class=\"t m0 x184 h88 y1c18 fff7 fs3a fc2 sc0 ls20 ws36\">2,768<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c9b w8d h8a\"><div class=\"t m0 x1 h88 y1c18 fff7 fs3a fc2 sc0 ls20 ws36\">42<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c9b w25 h8a\"><div class=\"t m0 x188 h88 y1c18 fff7 fs3a fc2 sc0 ls20 ws36\">(201)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c9b w2c h8a\"><div class=\"t m0 x186 h88 y1c18 fff7 fs3a fc2 sc0 ls20 ws36\">(2,438)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c9b w20 h8a\"><div class=\"t m0 x1 h88 y1c18 fff7 fs3a fc2 sc0 ls20 ws36\">54<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c9b w20 h8a\"><div class=\"t m0 x2d h88 y1c18 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x2fa y2c9b w34 h8a\"><div class=\"t m0 x171 h88 y1c18 fff7 fs3a fc2 sc0 ls20 ws36\">225<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c9c w4d h86\"><div class=\"t m0 x0 h87 y1bea fff6 fs3a fc2 sc0 ls23 wsc7\">Balance<span class=\"_ _1\"></span> at Nove<span class=\"_ _1\"></span>mber 30, 2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c9c w20 h86\"><div class=\"t m0 xb6 h87 y1bea fff8 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"fff6\"> </span></div></td><td class=\"c x24e y2c9c w20 h86\"><div class=\"t m0 x179 h87 y1bea fff6 fs3a fc2 sc0 ls23 ws39\">76,351<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c9c w8d h86\"><div class=\"t m0 x17a h87 y1bea fff6 fs3a fc2 sc0 ls21 ws35\">2,00<span class=\"_ _2\"></span>6,924<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c9c w48 h86\"><div class=\"t m0 x180 h87 y1bea fff6 fs3a fc2 sc0 ls21 ws35\">285,<span class=\"_ _2\"></span>101<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c9c w2a h86\"><div class=\"t m0 x180 h87 y1bea fff6 fs3a fc2 sc0 ls21 ws35\">888,<span class=\"_ _2\"></span>017<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c9c w20 h86\"><div class=\"t m0 x185 h87 y1bea fff6 fs3a fc2 sc0 ls21 ws35\">6,98<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c9c w20 h86\"><div class=\"t m0 xb6 h87 y1bea fff8 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"fff6\"> </span></div></td><td class=\"c x2fa y2c9c w34 h86\"><div class=\"t m0 x17b h87 y1bea fff6 fs3a fc2 sc0 ls76 wsb9\">3,263,375<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c9d w4d h86\"><div class=\"t m0 x0 h87 y1be8 fff6 fs3a fc2 sc0 ls1f ws33\">Net book v<span class=\"_ _2\"></span>alue:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2be9 w4d h8a\"><div class=\"t m0 x0 h87 y1c65 fff6 fs3a fc2 sc0 ls21 ws38\">At Nov<span class=\"_ _2\"></span>embe<span class=\"_ _2\"></span>r 30, <span class=\"_ _2\"></span>20<span class=\"ls66 ws9d\">24</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x28c y2be9 w20 h8a\"><div class=\"t m0 x179 h87 y1c65 fff6 fs3a fc2 sc0 ls23 ws39\">64,340<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2be9 w20 h8a\"><div class=\"t m0 x179 h87 y1c65 fff6 fs3a fc2 sc0 ls23 ws39\">80,413<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2be9 w8d h8a\"><div class=\"t m0 x17a h87 y1c65 fff6 fs3a fc2 sc0 ls21 ws35\">1,35<span class=\"_ _2\"></span>6,032<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2be9 w48 h8a\"><div class=\"t m0 x180 h87 y1c65 fff6 fs3a fc2 sc0 ls21 ws35\">289,<span class=\"_ _2\"></span>571<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2be9 w2a h8a\"><div class=\"t m0 x180 h87 y1c65 fff6 fs3a fc2 sc0 ls21 ws35\">863,<span class=\"_ _2\"></span>677<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2be9 w20 h8a\"><div class=\"t m0 x185 h87 y1c65 fff6 fs3a fc2 sc0 ls21 ws35\">9,77<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2be9 w20 h8a\"><div class=\"t m0 x180 h87 y1c65 fff6 fs3a fc2 sc0 ls21 ws35\">111,<span class=\"_ _2\"></span>240<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2be9 w34 h8a\"><div class=\"t m0 x17b h87 y1c65 fff6 fs3a fc2 sc0 ls76 wsb9\">2,775,044<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c9e w4d h86\"><div class=\"t m0 x0 h87 y1bef fff6 fs3a fc2 sc0 ls21 ws38\">At Nov<span class=\"_ _2\"></span>embe<span class=\"_ _2\"></span>r 30, <span class=\"_ _2\"></span>20<span class=\"ls66 ws9d\">25</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x28c y2c9e w20 h86\"><div class=\"t m0 x179 h87 y1bef fff6 fs3a fc2 sc0 ls23 ws39\">63,656<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c9e w20 h86\"><div class=\"t m0 x179 h87 y1bef fff6 fs3a fc2 sc0 ls23 ws39\">83,065<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c9e w8d h86\"><div class=\"t m0 x17a h87 y1bef fff6 fs3a fc2 sc0 ls21 ws35\">1,90<span class=\"_ _2\"></span>0,625<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c9e w48 h86\"><div class=\"t m0 x180 h87 y1bef fff6 fs3a fc2 sc0 ls21 ws35\">355,<span class=\"_ _2\"></span>518<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c9e w2a h86\"><div class=\"t m0 x180 h87 y1bef fff6 fs3a fc2 sc0 ls21 ws35\">880,<span class=\"_ _2\"></span>844<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c9e w20 h86\"><div class=\"t m0 x185 h87 y1bef fff6 fs3a fc2 sc0 ls21 ws35\">9,70<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c9e w20 h86\"><div class=\"t m0 x180 h87 y1bef fff6 fs3a fc2 sc0 ls21 ws35\">200,<span class=\"_ _2\"></span>764<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2c9e w34 h86\"><div class=\"t m0 x17b h87 y1bef fff6 fs3a fc2 sc0 ls76 wsb9\">3,494,<span class=\"ls81 wsc6\">177</span><span class=\"ls81 wsc6\"><span class=\"ls1 ws0\"> </span></span></div></td></tr></table><div class=\"t m0 ha9 ff103 fs3a fcb sc0 ls1f ws43 gs2e4\">Right<span class=\"ls1 ws0\">-<span class=\"ls24 ws3b\">of</span>-u<span class=\"_ _1\"></span><span class=\"ls28 ws4d\">se Asse<span class=\"_ _2\"></span>ts<span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 h98 ff104 fs39 fc2 sc0 ls30 ws50 gs2e5\">The bel<span class=\"_ _2\"></span>ow <span class=\"_ _2\"></span>table<span class=\"_ _2\"></span> shows<span class=\"_ _2\"></span> rig<span class=\"_ _2\"></span>ht<span class=\"ls1 ws0\">-<span class=\"ls60 ws4f\">of</span>-<span class=\"_ _1\"></span><span class=\"ls2f ws70\">use asse<span class=\"_ _2\"></span>ts, held u<span class=\"_ _2\"></span>nder lease ag<span class=\"_ _2\"></span>reements.<span class=\"ls1 ws0\"> </span></span></span></div><div class=\"gs2e6\"><table class=\"s w17b h136\" id=\"_30c72afe-3e27-4f6f-99c0-d62a02782336\"><tr><td class=\"c x24b y2cb1 w8e hcc\"><div class=\"t m0 x0 h85 y2178 ff105 fs3b fc2 sc0 ls69 wsbc\">Cost<span class=\"_ _195\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c x2fe y2cb2 w174 h103\"><div class=\"t m0 x245 h82 y29a6 ff104 fs3b fc2 sc0 ls1e ws60\">Plant and<span class=\"_ _195\"> </span></div></td><td></td></tr><tr><td class=\"c x24b y2cb1 w8e hcc\"><div class=\"t m0 x0 h82 y1c67 ff104 fs3b fc2 sc0 ls1 ws0\">(<span class=\"ls2d ws4a\"></span><span class=\"ls2d ws4a\">in</span> <span class=\"ls1c ws30\">US </span>$ thousands) </div></td><td class=\"c x29d y2cb1 w20 hcc\"><div class=\"t m0 x1a0 h82 y1d8f ff104 fs3b fc2 sc0 ls7c wsc3\">Land<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2cb1 w20 hcc\"><div class=\"t m0 x179 h82 y1d8f ff104 fs3b fc2 sc0 ls2d ws4a\">Buildin<span class=\"_ _2\"></span>gs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2cb1 w8f hcc\"><div class=\"t m0 x19b h82 y1d8f ff104 fs3b fc2 sc0 ls1e ws2f\">Ships and <span class=\"ls1 ws0\">b<span class=\"ls3a ws9b\">arges</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2cb1 w8d hcc\"><div class=\"t m0 x19a h82 y1d8f ff104 fs3b fc2 sc0 ls1c ws30\">Tank <span class=\"ls1 ws0\">containers</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x302 y2cb3 w176 h103\"><div class=\"t m0 x245 h82 y29a6 ff104 fs3b fc2 sc0 ls1 ws0\">equipment<span class=\"_ _195\"> </span></div></td><td class=\"c x2fa y2cb1 w34 hcc\"><div class=\"t m0 x1a0 h82 y1d8f ff104 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2cb4 w8e h8c\"><div class=\"t m0 x0 h87 y1c38 ff105 fs3a fc2 sc0 ls1f ws33\">Balan<span class=\"_ _2\"></span>ce at Decemb<span class=\"_ _2\"></span>er 1, 202<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2cb4 w20 h8c\"><div class=\"t m0 x179 h87 y1c38 ff105 fs3a fc2 sc0 ls23 ws39\">89,568<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2cb4 w20 h8c\"><div class=\"t m0 x179 h87 y1c38 ff105 fs3a fc2 sc0 ls23 ws39\">20,823<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2cb4 w8f h8c\"><div class=\"t m0 x180 h87 y1c38 ff105 fs3a fc2 sc0 ls21 ws35\">114,<span class=\"_ _2\"></span>717<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2cb4 w8d h8c\"><div class=\"t m0 x180 h87 y1c38 ff105 fs3a fc2 sc0 ls21 ws35\">121,<span class=\"_ _2\"></span>942<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cb4 w48 h8c\"><div class=\"t m0 x179 h87 y1c38 ff105 fs3a fc2 sc0 ls23 ws39\">10,233<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cb4 w34 h8c\"><div class=\"t m0 x180 h87 y1c38 ff105 fs3a fc2 sc0 ls21 ws35\">357,<span class=\"_ _2\"></span>283<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cb5 w8e h86\"><div class=\"t m0 x0 h88 y1bef ff104 fs3a fc2 sc0 ls26 ws3d\">New leases and<span class=\"_ _1\"></span> other increases<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2cb5 w20 h86\"><div class=\"t m0 x184 h88 y1bef ff104 fs3a fc2 sc0 ls20 ws36\">2,511<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2cb5 w20 h86\"><div class=\"t m0 x183 h88 y1bef ff104 fs3a fc2 sc0 ls20 ws36\">10,628<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2cb5 w8f h86\"><div class=\"t m0 x181 h88 y1bef ff104 fs3a fc2 sc0 ls20 ws36\">147,736<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2cb5 w8d h86\"><div class=\"t m0 x183 h88 y1bef ff104 fs3a fc2 sc0 ls20 ws36\">39,983<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cb5 w48 h86\"><div class=\"t m0 x184 h88 y1bef ff104 fs3a fc2 sc0 ls20 ws36\">2,507<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cb5 w34 h86\"><div class=\"t m0 x181 h88 y1bef ff104 fs3a fc2 sc0 ls20 ws36\">203,365<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cb6 w8e h89\"><div class=\"t m0 x0 h88 y1bf4 ff104 fs3a fc2 sc0 ls26 ws3d\">Retirements and<span class=\"_ _1\"></span> other decreases<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2cb6 w24 h89\"><div class=\"t m0 x186 h88 y1bf4 ff104 fs3a fc2 sc0 ls20 ws36\">(1,123)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2cb6 w24 h89\"><div class=\"t m0 x186 h88 y1bf4 ff104 fs3a fc2 sc0 ls20 ws36\">(7,542)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2cb6 w7f h89\"><div class=\"t m0 x187 h88 y1bf4 ff104 fs3a fc2 sc0 ls20 ws36\">(24,089)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2cb6 w25 h89\"><div class=\"t m0 x187 h88 y1bf4 ff104 fs3a fc2 sc0 ls20 ws36\">(48,441)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cb6 w25 h89\"><div class=\"t m0 x186 h88 y1bf4 ff104 fs3a fc2 sc0 ls20 ws36\">(3,103)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cb6 w2c h89\"><div class=\"t m0 x187 h88 y1bf4 ff104 fs3a fc2 sc0 ls20 ws36\">(84,298)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cb7 w8e h8c\"><div class=\"t m0 x0 h88 y1c3f ff104 fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2cb7 w24 h8c\"><div class=\"t m0 x186 h88 y1c3f ff104 fs3a fc2 sc0 ls20 ws36\">(1,412)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2cb7 w20 h8c\"><div class=\"t m0 x171 h88 y1c3f ff104 fs3a fc2 sc0 ls20 ws36\">807<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2cb7 w7f h8c\"><div class=\"t m0 x188 h88 y1c3f ff104 fs3a fc2 sc0 ls20 ws36\">(813)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2cb7 w8d h8c\"><div class=\"t m0 xb6 h88 y1c3f ff104 fs3a fc2 sc0 ls1 ws0\">6<span class=\"_ _1\"></span> </div></td><td class=\"c x2f9 y2cb7 w25 h8c\"><div class=\"t m0 x188 h88 y1c3f ff104 fs3a fc2 sc0 ls20 ws36\">(496)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cb7 w2c h8c\"><div class=\"t m0 x186 h88 y1c3f ff104 fs3a fc2 sc0 ls20 ws36\">(1,908)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cb8 w8e ha4\"><div class=\"t m0 x0 h87 y1c4d ff105 fs3a fc2 sc0 ls23 wsc7\">Balance<span class=\"_ _1\"></span> at Nove<span class=\"_ _1\"></span>mber 30, 2024<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2cb8 w20 ha4\"><div class=\"t m0 x179 h87 y1c4d ff105 fs3a fc2 sc0 ls23 ws39\">89,544<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2cb8 w20 ha4\"><div class=\"t m0 x179 h87 y1c4d ff105 fs3a fc2 sc0 ls23 ws39\">24,716<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2cb8 w8f ha4\"><div class=\"t m0 x180 h87 y1c4d ff105 fs3a fc2 sc0 ls21 ws35\">237,<span class=\"_ _2\"></span>551<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2cb8 w8d ha4\"><div class=\"t m0 x180 h87 y1c4d ff105 fs3a fc2 sc0 ls21 ws35\">113,<span class=\"_ _2\"></span>490<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cb8 w48 ha4\"><div class=\"t m0 x185 h87 y1c4d ff105 fs3a fc2 sc0 ls21 ws35\">9,14<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cb8 w34 ha4\"><div class=\"t m0 x180 h87 y1c4d ff105 fs3a fc2 sc0 ls21 ws35\">474,<span class=\"_ _2\"></span>442<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cb9 w8e h86\"><div class=\"t m0 x0 h88 y1bfa ff104 fs3a fc2 sc0 ls26 ws3d\">New leases and<span class=\"_ _1\"></span> other increases<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2cb9 w20 h86\"><div class=\"t m0 x184 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">4,258<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2cb9 w20 h86\"><div class=\"t m0 x184 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">4,327<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2cb9 w8f h86\"><div class=\"t m0 x183 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">72,165<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2cb9 w8d h86\"><div class=\"t m0 x183 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">53,082<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cb9 w48 h86\"><div class=\"t m0 x184 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">1,727<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cb9 w34 h86\"><div class=\"t m0 x181 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">135,559<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cba w8e h89\"><div class=\"t m0 x0 h88 y1c50 ff104 fs3a fc2 sc0 ls24 ws3a\">Acquisition of Suttons Inter<span class=\"_ _2\"></span>national Holdings Limited<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2cba w20 h89\"><div class=\"t m0 x2d h88 y1c50 ff106 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff104\"> </span></div></td><td class=\"c x29e y2cba w20 h89\"><div class=\"t m0 x184 h88 y1c50 ff104 fs3a fc2 sc0 ls20 ws36\">3,907<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2cba w8f h89\"><div class=\"t m0 x2d h88 y1c50 ff106 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff104\"> </span></div></td><td class=\"c x2fb y2cba w8d h89\"><div class=\"t m0 x183 h88 y1c50 ff104 fs3a fc2 sc0 ls20 ws36\">11,005<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cba w48 h89\"><div class=\"t m0 x2d h88 y1c50 ff106 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff104\"> </span></div></td><td class=\"c x2fa y2cba w34 h89\"><div class=\"t m0 x183 h88 y1c50 ff104 fs3a fc2 sc0 ls20 ws36\">14,912<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cbb w8e h8c\"><div class=\"t m0 x0 h88 y1bf6 ff104 fs3a fc2 sc0 ls26 ws3d\">Retirements and<span class=\"_ _1\"></span> other decreases<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2cbb w24 h8c\"><div class=\"t m0 x186 h88 y1bf6 ff104 fs3a fc2 sc0 ls20 ws36\">(1,727)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2cbb w24 h8c\"><div class=\"t m0 x186 h88 y1bf6 ff104 fs3a fc2 sc0 ls20 ws36\">(3,643)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2cbb w7f h8c\"><div class=\"t m0 x187 h88 y1bf6 ff104 fs3a fc2 sc0 ls20 ws36\">(56,439)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2cbb w25 h8c\"><div class=\"t m0 x187 h88 y1bf6 ff104 fs3a fc2 sc0 ls20 ws36\">(53,223)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cbb w25 h8c\"><div class=\"t m0 x186 h88 y1bf6 ff104 fs3a fc2 sc0 ls20 ws36\">(1,630)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cbb w2c h8c\"><div class=\"t m0 x17f h88 y1bf6 ff104 fs3a fc2 sc0 ls20 ws36\">(116,662)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cbc w8e h86\"><div class=\"t m0 x0 h88 y1bf8 ff104 fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2cbc w20 h86\"><div class=\"t m0 x184 h88 y1bf8 ff104 fs3a fc2 sc0 ls20 ws36\">1,863<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2cbc w20 h86\"><div class=\"t m0 x184 h88 y1bf8 ff104 fs3a fc2 sc0 ls20 ws36\">1,646<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2cbc w8f h86\"><div class=\"t m0 x184 h88 y1bf8 ff104 fs3a fc2 sc0 ls20 ws36\">2,796<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2cbc w8d h86\"><div class=\"t m0 x2d h88 y1bf8 ff106 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff104\"> </span></div></td><td class=\"c x2f9 y2cbc w48 h86\"><div class=\"t m0 x171 h88 y1bf8 ff104 fs3a fc2 sc0 ls20 ws36\">560<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cbc w34 h86\"><div class=\"t m0 x184 h88 y1bf8 ff104 fs3a fc2 sc0 ls20 ws36\">6,865<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cbd w8e h86\"><div class=\"t m0 x0 h87 y1bde ff105 fs3a fc2 sc0 ls23 wsc7\">Balance<span class=\"_ _1\"></span> at Nove<span class=\"_ _1\"></span>mber 30, 2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2cbd w20 h86\"><div class=\"t m0 x179 h87 y1bde ff105 fs3a fc2 sc0 ls23 ws39\">93,938<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2cbd w20 h86\"><div class=\"t m0 x179 h87 y1bde ff105 fs3a fc2 sc0 ls23 ws39\">30,953<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2cbd w8f h86\"><div class=\"t m0 x180 h87 y1bde ff105 fs3a fc2 sc0 ls21 ws35\">256,<span class=\"_ _2\"></span>073<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2cbd w8d h86\"><div class=\"t m0 x180 h87 y1bde ff105 fs3a fc2 sc0 ls21 ws35\">124,<span class=\"_ _2\"></span>354<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cbd w48 h86\"><div class=\"t m0 x185 h87 y1bde ff105 fs3a fc2 sc0 ls21 ws35\">9,79<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cbd w34 h86\"><div class=\"t m0 x180 h87 y1bde ff105 fs3a fc2 sc0 ls21 ws35\">515,<span class=\"_ _2\"></span>116<span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 h98 ff104 fs39 fc2 sc0 ls30 ws50 gs2e7\">During<span class=\"_ _2\"></span> 202<span class=\"_ _2\"></span>5 and<span class=\"_ _2\"></span> 202<span class=\"_ _2\"></span>4, the<span class=\"_ _2\"></span> Gr<span class=\"_ _2\"></span>oup e<span class=\"_ _2\"></span>ntered<span class=\"_ _2\"></span> into<span class=\"_ _2\"></span> le<span class=\"_ _2\"></span>ases f<span class=\"_ _2\"></span>or l<span class=\"_ _2\"></span>and,<span class=\"_ _2\"></span> off<span class=\"_ _2\"></span>ices,<span class=\"_ _2\"></span> ship<span class=\"_ _2\"></span>s, b<span class=\"_ _2\"></span>arge<span class=\"_ _2\"></span>s, tank<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntaine<span class=\"_ _2\"></span>rs an<span class=\"_ _2\"></span>d te<span class=\"_ _2\"></span>rminal<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> sea<span class=\"_ _2\"></span> fa<span class=\"_ _2\"></span><span class=\"ls31 ws51\">rm equipment. At November 30, 202<span class=\"ls1 ws0\">5</span></span>, the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up <span class=\"_ _2\"></span>has le<span class=\"_ _2\"></span>ases<span class=\"_ _2\"></span> expi<span class=\"_ _2\"></span>ring<span class=\"_ _2\"></span> fro<span class=\"_ _2\"></span>m 202<span class=\"_ _2\"></span><span class=\"ls1 ws0\">6 </span></div><div class=\"t m0 h98 ff104 fs39 fc2 sc0 ls31 ws51 gs2e8\">to 2070.<span class=\"ls1 ws0\">  </span></div><div class=\"gs2e9\"><table class=\"s w17a h135\" id=\"_4fe676e2-3285-4a74-a559-a11d03a4cb4a\"><tr><td class=\"c x24b y2c9f w90 h8e\"><div class=\"t m0 x0 h85 y1c49 ff105 fs3b fc2 sc0 ls1 wsc4\">Accumulated depreciation </div></td><td></td><td></td><td></td><td></td><td class=\"c x2fe y2ca0 w174 h115\"><div class=\"t m0 x245 h82 y29a6 ff104 fs3b fc2 sc0 ls1e ws60\">Plant and<span class=\"_ _195\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2ca1 w14a h121\"><div class=\"t m0 x245 h82 y29a6 ff104 fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2a3 h82 y29a7 ff104 fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x2ff y2c9f w48 h8e\"><div class=\"t m0 x1a0 h82 y1c8e ff104 fs3b fc2 sc0 ls7c wsc3\">Land<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2c9f w8d h8e\"><div class=\"t m0 x179 h82 y1c8e ff104 fs3b fc2 sc0 ls2d ws4a\">Buildin<span class=\"_ _2\"></span>gs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2c9f w34 h8e\"><div class=\"t m0 x19b h82 y1c8e ff104 fs3b fc2 sc0 ls1e ws2f\">Ships and <span class=\"ls1 ws0\">b<span class=\"ls3a ws9b\">arges</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2c9f w20 h8e\"><div class=\"t m0 x19a h82 y1c8e ff104 fs3b fc2 sc0 ls1c ws30\">Tank <span class=\"ls1 ws0\">containers</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x302 y2ca2 w176 h115\"><div class=\"t m0 x245 h82 y29a6 ff104 fs3b fc2 sc0 ls1 ws0\">equipment<span class=\"_ _195\"> </span></div></td><td class=\"c x2fa y2c9f w34 h8e\"><div class=\"t m0 x1a0 h82 y1c8e ff104 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2ca3 w90 h86\"><div class=\"t m0 x0 h87 y1c4c ff105 fs3a fc2 sc0 ls1f ws33\">Balan<span class=\"_ _2\"></span>ce at Decemb<span class=\"_ _2\"></span>er 1, 202<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ca3 w48 h86\"><div class=\"t m0 x179 h87 y1c4c ff105 fs3a fc2 sc0 ls23 ws39\">10,782<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ca3 w8d h86\"><div class=\"t m0 x185 h87 y1c4c ff105 fs3a fc2 sc0 ls21 ws35\">8,68<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2ca3 w34 h86\"><div class=\"t m0 x179 h87 y1c4c ff105 fs3a fc2 sc0 ls23 ws39\">57,229<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2ca3 w20 h86\"><div class=\"t m0 x179 h87 y1c4c ff105 fs3a fc2 sc0 ls23 ws39\">47,686<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ca3 w20 h86\"><div class=\"t m0 x185 h87 y1c4c ff105 fs3a fc2 sc0 ls21 ws35\">4,63<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ca3 w34 h86\"><div class=\"t m0 x180 h87 y1c4c ff105 fs3a fc2 sc0 ls21 ws35\">129,<span class=\"_ _2\"></span>012<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ca4 w90 h86\"><div class=\"t m0 x0 h88 y1bfa ff104 fs3a fc2 sc0 ls26 ws3d\">Depreciation exp<span class=\"_ _1\"></span>ense <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ca4 w48 h86\"><div class=\"t m0 x184 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">3,738<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ca4 w8d h86\"><div class=\"t m0 x184 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">3,973<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2ca4 w34 h86\"><div class=\"t m0 x183 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">28,650<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2ca4 w20 h86\"><div class=\"t m0 x183 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">29,047<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ca4 w20 h86\"><div class=\"t m0 x184 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">1,879<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ca4 w34 h86\"><div class=\"t m0 x183 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">67,287<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ca5 w90 ha4\"><div class=\"t m0 x0 h88 y1c4d ff104 fs3a fc2 sc0 ls26 ws3d\">Retirements and<span class=\"_ _1\"></span> other decreases<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ca5 w25 ha4\"><div class=\"t m0 x188 h88 y1c4d ff104 fs3a fc2 sc0 ls20 ws36\">(844)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ca5 w25 ha4\"><div class=\"t m0 x186 h88 y1c4d ff104 fs3a fc2 sc0 ls20 ws36\">(6,157)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2ca5 w2c ha4\"><div class=\"t m0 x187 h88 y1c4d ff104 fs3a fc2 sc0 ls20 ws36\">(21,562)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2ca5 w24 ha4\"><div class=\"t m0 x187 h88 y1c4d ff104 fs3a fc2 sc0 ls20 ws36\">(21,537)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ca5 w2b ha4\"><div class=\"t m0 x186 h88 y1c4d ff104 fs3a fc2 sc0 ls20 ws36\">(2,630)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ca5 w56 ha4\"><div class=\"t m0 x187 h88 y1c4d ff104 fs3a fc2 sc0 ls20 ws36\">(52,730)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ca6 w90 h86\"><div class=\"t m0 x0 h88 y1bfa ff104 fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ca6 w25 h86\"><div class=\"t m0 x188 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">(148)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ca6 w8d h86\"><div class=\"t m0 x1 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">27<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2ca6 w2c h86\"><div class=\"t m0 x188 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">(457)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2ca6 w20 h86\"><div class=\"t m0 x1 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">12<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ca6 w2b h86\"><div class=\"t m0 x188 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">(267)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ca6 w56 h86\"><div class=\"t m0 x188 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">(833)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ca7 w90 h86\"><div class=\"t m0 x0 h88 y1c05 ff104 fs3a fc2 sc0 ls25 ws3c\">Reclasses and other<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ca7 w25 h86\"><div class=\"t m0 x1be h88 y1c05 ff104 fs3a fc2 sc0 ls20 ws36\">(69)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ca7 w8d h86\"><div class=\"t m0 x171 h88 y1c05 ff104 fs3a fc2 sc0 ls20 ws36\">172<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2ca7 w34 h86\"><div class=\"t m0 x2d h88 y1c05 ff106 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff104\"> </span></div></td><td class=\"c x301 y2ca7 w20 h86\"><div class=\"t m0 x2d h88 y1c05 ff106 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff104\"> </span></div></td><td class=\"c x2f9 y2ca7 w20 h86\"><div class=\"t m0 x171 h88 y1c05 ff104 fs3a fc2 sc0 ls20 ws36\">111<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ca7 w34 h86\"><div class=\"t m0 x171 h88 y1c05 ff104 fs3a fc2 sc0 ls20 ws36\">214<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ca8 w90 h8a\"><div class=\"t m0 x0 h87 y1c03 ff105 fs3a fc2 sc0 ls23 wsc7\">Balance<span class=\"_ _1\"></span> at Nove<span class=\"_ _1\"></span>mber 30, 2024<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ca8 w48 h8a\"><div class=\"t m0 x179 h87 y1c03 ff105 fs3a fc2 sc0 ls23 ws39\">13,459<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ca8 w8d h8a\"><div class=\"t m0 x185 h87 y1c03 ff105 fs3a fc2 sc0 ls21 ws35\">6,69<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2ca8 w34 h8a\"><div class=\"t m0 x179 h87 y1c03 ff105 fs3a fc2 sc0 ls23 ws39\">63,860<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2ca8 w20 h8a\"><div class=\"t m0 x179 h87 y1c03 ff105 fs3a fc2 sc0 ls23 ws39\">55,208<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ca8 w20 h8a\"><div class=\"t m0 x185 h87 y1c03 ff105 fs3a fc2 sc0 ls21 ws35\">3,72<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ca8 w34 h8a\"><div class=\"t m0 x180 h87 y1c03 ff105 fs3a fc2 sc0 ls21 ws35\">142,<span class=\"_ _2\"></span>950<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ca9 w90 h86\"><div class=\"t m0 x0 h88 y1c05 ff104 fs3a fc2 sc0 ls26 ws3d\">Depreciation exp<span class=\"_ _1\"></span>ense <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ca9 w48 h86\"><div class=\"t m0 x184 h88 y1c05 ff104 fs3a fc2 sc0 ls20 ws36\">4,338<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ca9 w8d h86\"><div class=\"t m0 x184 h88 y1c05 ff104 fs3a fc2 sc0 ls20 ws36\">4,429<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2ca9 w34 h86\"><div class=\"t m0 x183 h88 y1c05 ff104 fs3a fc2 sc0 ls20 ws36\">37,843<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2ca9 w20 h86\"><div class=\"t m0 x183 h88 y1c05 ff104 fs3a fc2 sc0 ls20 ws36\">28,693<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ca9 w20 h86\"><div class=\"t m0 x184 h88 y1c05 ff104 fs3a fc2 sc0 ls20 ws36\">1,859<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ca9 w34 h86\"><div class=\"t m0 x183 h88 y1c05 ff104 fs3a fc2 sc0 ls20 ws36\">77,162<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2caa w90 h86\"><div class=\"t m0 x0 h88 y1bde ff104 fs3a fc2 sc0 ls26 ws3d\">Retirements and<span class=\"_ _1\"></span> other decreases<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2caa w25 h86\"><div class=\"t m0 x186 h88 y1bde ff104 fs3a fc2 sc0 ls20 ws36\">(1,045)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2caa w25 h86\"><div class=\"t m0 x186 h88 y1bde ff104 fs3a fc2 sc0 ls20 ws36\">(2,625)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2caa w2c h86\"><div class=\"t m0 x187 h88 y1bde ff104 fs3a fc2 sc0 ls20 ws36\">(48,050)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2caa w24 h86\"><div class=\"t m0 x187 h88 y1bde ff104 fs3a fc2 sc0 ls20 ws36\">(38,526)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2caa w2b h86\"><div class=\"t m0 x186 h88 y1bde ff104 fs3a fc2 sc0 ls20 ws36\">(1,383)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2caa w56 h86\"><div class=\"t m0 x187 h88 y1bde ff104 fs3a fc2 sc0 ls20 ws36\">(91,629)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cab w90 h8a\"><div class=\"t m0 x0 h88 y1c79 ff104 fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cab w48 h8a\"><div class=\"t m0 x171 h88 y1c79 ff104 fs3a fc2 sc0 ls20 ws36\">227<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2cab w8d h8a\"><div class=\"t m0 x171 h88 y1c79 ff104 fs3a fc2 sc0 ls20 ws36\">312<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2cab w34 h8a\"><div class=\"t m0 x184 h88 y1c79 ff104 fs3a fc2 sc0 ls20 ws36\">1,559<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2cab w20 h8a\"><div class=\"t m0 x171 h88 y1c79 ff104 fs3a fc2 sc0 ls20 ws36\">375<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cab w20 h8a\"><div class=\"t m0 x171 h88 y1c79 ff104 fs3a fc2 sc0 ls20 ws36\">197<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cab w34 h8a\"><div class=\"t m0 x184 h88 y1c79 ff104 fs3a fc2 sc0 ls20 ws36\">2,670<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cac w90 h86\"><div class=\"t m0 x0 h88 y1be2 ff104 fs3a fc2 sc0 ls25 ws3c\">Reclasses and other<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cac w48 h86\"><div class=\"t m0 xb6 h88 y1be2 ff104 fs3a fc2 sc0 ls1 ws0\">1<span class=\"_ _1\"></span> </div></td><td class=\"c x300 y2cac w25 h86\"><div class=\"t m0 x188 h88 y1be2 ff104 fs3a fc2 sc0 ls20 ws36\">(478)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2cac w34 h86\"><div class=\"t m0 x2d h88 y1be2 ff106 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff104\"> </span></div></td><td class=\"c x301 y2cac w20 h86\"><div class=\"t m0 x2d h88 y1be2 ff106 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff104\"> </span></div></td><td class=\"c x2f9 y2cac w2b h86\"><div class=\"t m0 x188 h88 y1be2 ff104 fs3a fc2 sc0 ls20 ws36\">(156)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cac w56 h86\"><div class=\"t m0 x188 h88 y1be2 ff104 fs3a fc2 sc0 ls20 ws36\">(633)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cad w90 h89\"><div class=\"t m0 x0 h87 y2112 ff105 fs3a fc2 sc0 ls2e ws6e\">Balance at<span class=\"ls1 ws0\"> <span class=\"ls23 wsc7\">Nov<span class=\"_ _1\"></span>ember 30, 20<span class=\"_ _1\"></span>25</span></span><span class=\"ls1 ws0\"><span class=\"ls23 wsc7\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2ff y2cad w48 h89\"><div class=\"t m0 x179 h87 y2112 ff105 fs3a fc2 sc0 ls23 ws39\">16,980<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2cad w8d h89\"><div class=\"t m0 x185 h87 y2112 ff105 fs3a fc2 sc0 ls21 ws35\">8,33<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2cad w34 h89\"><div class=\"t m0 x179 h87 y2112 ff105 fs3a fc2 sc0 ls23 ws39\">55,212<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2cad w20 h89\"><div class=\"t m0 x179 h87 y2112 ff105 fs3a fc2 sc0 ls23 ws39\">45,750<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cad w20 h89\"><div class=\"t m0 x185 h87 y2112 ff105 fs3a fc2 sc0 ls21 ws35\">4,24<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cad w34 h89\"><div class=\"t m0 x180 h87 y2112 ff105 fs3a fc2 sc0 ls21 ws35\">130,<span class=\"_ _2\"></span>520<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cae w90 h8a\"><div class=\"t m0 x0 h87 y1c65 ff105 fs3a fc2 sc0 ls1f ws33\">Net book v<span class=\"_ _2\"></span>alue:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2caf w90 h8a\"><div class=\"t m0 x0 h87 y1ee3 ff105 fs3a fc2 sc0 ls21 ws38\">At Nov<span class=\"_ _2\"></span>embe<span class=\"_ _2\"></span>r 30, <span class=\"_ _2\"></span>202<span class=\"_ _2\"></span><span class=\"ls1 ws0\">4</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2caf w48 h8a\"><div class=\"t m0 x179 h87 y1ee3 ff105 fs3a fc2 sc0 ls23 ws39\">76,085<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2caf w8d h8a\"><div class=\"t m0 x179 h87 y1ee3 ff105 fs3a fc2 sc0 ls23 ws39\">18,020<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2caf w34 h8a\"><div class=\"t m0 x180 h87 y1ee3 ff105 fs3a fc2 sc0 ls21 ws35\">173,<span class=\"_ _2\"></span>691<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2caf w20 h8a\"><div class=\"t m0 x179 h87 y1ee3 ff105 fs3a fc2 sc0 ls23 ws39\">58,282<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2caf w20 h8a\"><div class=\"t m0 x185 h87 y1ee3 ff105 fs3a fc2 sc0 ls21 ws35\">5,41<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2caf w34 h8a\"><div class=\"t m0 x180 h87 y1ee3 ff105 fs3a fc2 sc0 ls21 ws35\">331,<span class=\"_ _2\"></span>492<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cb0 w90 h8b\"><div class=\"t m0 x0 h87 y1c80 ff105 fs3a fc2 sc0 ls21 ws38\">At Nov<span class=\"_ _2\"></span>embe<span class=\"_ _2\"></span>r 30, <span class=\"_ _2\"></span>202<span class=\"_ _2\"></span><span class=\"ls1 ws0\">5</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cb0 w48 h8b\"><div class=\"t m0 x179 h87 y1c80 ff105 fs3a fc2 sc0 ls23 ws39\">76,958<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2cb0 w8d h8b\"><div class=\"t m0 x179 h87 y1c80 ff105 fs3a fc2 sc0 ls23 ws39\">22,619<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2cb0 w34 h8b\"><div class=\"t m0 x180 h87 y1c80 ff105 fs3a fc2 sc0 ls21 ws35\">200,<span class=\"_ _2\"></span>861<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2cb0 w20 h8b\"><div class=\"t m0 x179 h87 y1c80 ff105 fs3a fc2 sc0 ls23 ws39\">78,604<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cb0 w20 h8b\"><div class=\"t m0 x185 h87 y1c80 ff105 fs3a fc2 sc0 ls21 ws35\">5,55<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cb0 w34 h8b\"><div class=\"t m0 x180 h87 y1c80 ff105 fs3a fc2 sc0 ls21 ws35\">384,<span class=\"_ _2\"></span>596<span class=\"ls1 ws0\"> </span></div></td></tr></table></div><table class=\"s w173 h139\" id=\"_3ad87f3b-b425-41f5-b49e-037979807552\"><tr><td></td><td></td><td></td><td class=\"c x2d5 y2cd7 w2a hce\"><div class=\"t m0 x181 h82 y21d3 ff113 fs3b fc2 sc0 ls1 ws0\">Customer </div></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x304 h82 y2cd8 ff113 fs3b fc2 sc0 ls1 ws0\">relations/<span class=\"_ _195\"> </span></td><td class=\"c x301 y2cd7 w20 hce\"><div class=\"t m0 x181 h82 y21d5 ff113 fs3b fc2 sc0 ls1 ws0\">Computer </div></td><td></td><td></td></tr><tr><td class=\"c x246 y2cd9 w14a h102\"><div class=\"t m0 x245 h82 y29a6 ff113 fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2a3 h82 y29a7 ff113 fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x305 h82 y2cda ff113 fs3b fc2 sc0 ls2d ws4a\">Goodwill<span class=\"_ _195\"> </span></td><td class=\"c x300 y2cd7 w48 hce\"><div class=\"t m0 x180 h82 y20ce ff113 fs3b fc2 sc0 ls1e ws32\">Trademark<span class=\"ls1 ws0\"> </span></div></td><td class=\"t m0 x304 h82 y2cdb ff113 fs3b fc2 sc0 ls1 ws0\">contracts<span class=\"_ _195\"> </span></td><td class=\"t m0 x278 h82 y2cdb ff113 fs3b fc2 sc0 ls1 ws0\">software<span class=\"_ _195\"> </span></td><td class=\"t m0 x306 h82 y2cda ff113 fs3b fc2 sc0 ls1 ws0\">Other<span class=\"_ _195\"> </span></td><td class=\"t m0 x307 h82 y2cda ff113 fs3b fc2 sc0 ls1 ws0\">Total<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2cdc w93 h86\"><div class=\"t m0 x0 h87 y1c3e ff114 fs3a fc2 sc0 ls27 ws3f\">Cost:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2cdd w93 h89\"><div class=\"t m0 x0 h87 y1c3b ff114 fs3a fc2 sc0 ls2e ws5c\">Balance, <span class=\"ls1f ws3e\">December 1<span class=\"ls21 ws3b\">, 20<span class=\"ls66 ws9d\">23</span></span></span><span class=\"ls1f ws3e\"><span class=\"ls21 ws3b\"><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></span></span></div></td><td class=\"c x2ff y2cdd w8d h89\"><div class=\"t m0 x179 h87 y1c3b ff114 fs3a fc2 sc0 ls23 ws39\">33,301<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2cdd w48 h89\"><div class=\"t m0 x185 h87 y1c3b ff114 fs3a fc2 sc0 ls21 ws35\">1,35<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2cdd w2a h89\"><div class=\"t m0 x185 h87 y1c3b ff114 fs3a fc2 sc0 ls21 ws35\">7,11<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2cdd w20 h89\"><div class=\"t m0 x179 h87 y1c3b ff114 fs3a fc2 sc0 ls23 ws39\">63,233<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cdd w20 h89\"><div class=\"t m0 x185 h87 y1c3b ff114 fs3a fc2 sc0 ls21 ws35\">1,27<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cdd w55 h89\"><div class=\"t m0 x180 h87 y1c3b ff114 fs3a fc2 sc0 ls21 ws35\">106,<span class=\"_ _2\"></span>273<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cde w93 h8c\"><div class=\"t m0 x0 h88 y1c38 ff113 fs3a fc2 sc0 ls28 ws40\">Additio<span class=\"_ _2\"></span>ns<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cde w8d h8c\"><div class=\"t m0 x2d h88 y1c38 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cde w48 h8c\"><div class=\"t m0 x2d h88 y1c38 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2cde w2a h8c\"><div class=\"t m0 x2d h88 y1c38 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2cde w20 h8c\"><div class=\"t m0 x184 h88 y1c38 ff113 fs3a fc2 sc0 ls20 ws36\">8,219<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cde w20 h8c\"><div class=\"t m0 x1 h88 y1c38 ff113 fs3a fc2 sc0 ls20 ws36\">61<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cde w55 h8c\"><div class=\"t m0 x184 h88 y1c38 ff113 fs3a fc2 sc0 ls20 ws36\">8,280<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cdf w93 h86\"><div class=\"t m0 x0 h88 y1be8 ff113 fs3a fc2 sc0 ls25 ws3c\">Disposals and retirements<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cdf w8d h86\"><div class=\"t m0 x2d h88 y1be8 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cdf w25 h86\"><div class=\"t m0 x186 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">(1,357)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2cdf w2c h86\"><div class=\"t m0 x186 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">(7,111)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2cdf w2b h86\"><div class=\"t m0 x47 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">(329)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cdf w20 h86\"><div class=\"t m0 x2d h88 y1be8 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2fa y2cdf w56 h86\"><div class=\"t m0 x186 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">(8,797)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce0 w93 h86\"><div class=\"t m0 x0 h88 y1c3e ff113 fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ce0 w8d h86\"><div class=\"t m0 x193 h88 y1c3e ff113 fs3a fc2 sc0 ls20 ws36\">57<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ce0 w48 h86\"><div class=\"t m0 x2d h88 y1c3e ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2ce0 w2a h86\"><div class=\"t m0 x2d h88 y1c3e ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2ce0 w2b h86\"><div class=\"t m0 x186 h88 y1c3e ff113 fs3a fc2 sc0 ls20 ws36\">(2,767)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ce0 w20 h86\"><div class=\"t m0 x1 h88 y1c3e ff113 fs3a fc2 sc0 ls20 ws36\">59<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ce0 w56 h86\"><div class=\"t m0 x186 h88 y1c3e ff113 fs3a fc2 sc0 ls20 ws36\">(2,651)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce1 w93 h8a\"><div class=\"t m0 x0 h88 y1c3f ff113 fs3a fc2 sc0 ls25 ws41\">Reclasses <span class=\"ls24 ws3a\">and other</span><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2ce1 w8d h8a\"><div class=\"t m0 x2d h88 y1c3f ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2ce1 w48 h8a\"><div class=\"t m0 x2d h88 y1c3f ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2ce1 w2a h8a\"><div class=\"t m0 x2d h88 y1c3f ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2ce1 w20 h8a\"><div class=\"t m0 x2d h88 y1c3f ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2f9 y2ce1 w20 h8a\"><div class=\"t m0 x171 h88 y1c3f ff113 fs3a fc2 sc0 ls20 ws36\">114<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ce1 w55 h8a\"><div class=\"t m0 x1a0 h88 y1c3f ff113 fs3a fc2 sc0 ls20 ws36\">114<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce2 w93 h86\"><div class=\"t m0 x0 h87 y1bf4 ff114 fs3a fc2 sc0 ls21 ws38\">Bala<span class=\"_ _2\"></span>nce, N<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 30, 20<span class=\"_ _2\"></span><span class=\"ls66 ws9d\">24</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2ce2 w8d h86\"><div class=\"t m0 x179 h87 y1bf4 ff114 fs3a fc2 sc0 ls23 ws39\">33,358<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ce2 w48 h86\"><div class=\"t m0 xb6 h87 y1bf4 ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x2d5 y2ce2 w2a h86\"><div class=\"t m0 x2d h87 y1bf4 ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x301 y2ce2 w20 h86\"><div class=\"t m0 x179 h87 y1bf4 ff114 fs3a fc2 sc0 ls23 ws39\">68,356<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ce2 w20 h86\"><div class=\"t m0 x185 h87 y1bf4 ff114 fs3a fc2 sc0 ls21 ws35\">1,50<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ce2 w55 h86\"><div class=\"t m0 x180 h87 y1bf4 ff114 fs3a fc2 sc0 ls21 ws35\">103,<span class=\"_ _2\"></span>219<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce3 w93 h86\"><div class=\"t m0 x0 h88 y1bfa ff113 fs3a fc2 sc0 ls28 ws40\">Additio<span class=\"_ _2\"></span>ns<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ce3 w8d h86\"><div class=\"t m0 x2d h88 y1bfa ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2ce3 w48 h86\"><div class=\"t m0 x2d h88 y1bfa ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2ce3 w2a h86\"><div class=\"t m0 x2d h88 y1bfa ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2ce3 w20 h86\"><div class=\"t m0 x184 h88 y1bfa ff113 fs3a fc2 sc0 ls20 ws36\">9,350<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ce3 w20 h86\"><div class=\"t m0 x2d h88 y1bfa ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2fa y2ce3 w55 h86\"><div class=\"t m0 x184 h88 y1bfa ff113 fs3a fc2 sc0 ls20 ws36\">9,350<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce4 w93 h8c\"><div class=\"t m0 x0 h88 y1c4d ff113 fs3a fc2 sc0 ls24 ws3a\">Business combinations<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ce4 w8d h8c\"><div class=\"t m0 x183 h88 y1c4d ff113 fs3a fc2 sc0 ls20 ws36\">32,193<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ce4 w48 h8c\"><div class=\"t m0 x2d h88 y1c4d ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2ce4 w2a h8c\"><div class=\"t m0 x183 h88 y1c4d ff113 fs3a fc2 sc0 ls1 ws0\">10<span class=\"_ _3\"></span>,<span class=\"ls20 ws36\">21</span>8 </div></td><td class=\"c x301 y2ce4 w20 h8c\"><div class=\"t m0 x1a0 h88 y1c4d ff113 fs3a fc2 sc0 ls20 ws36\">695<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ce4 w20 h8c\"><div class=\"t m0 x2d h88 y1c4d ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2fa y2ce4 w55 h8c\"><div class=\"t m0 x183 h88 y1c4d ff113 fs3a fc2 sc0 ls20 ws36\">43,106<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce5 w93 h89\"><div class=\"t m0 x0 h88 y1bfa ff113 fs3a fc2 sc0 ls25 ws3c\">Disposals and retirements<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ce5 w8d h89\"><div class=\"t m0 x2d h88 y1bfa ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2ce5 w48 h89\"><div class=\"t m0 x2d h88 y1bfa ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2ce5 w2a h89\"><div class=\"t m0 x2d h88 y1bfa ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2ce5 w2b h89\"><div class=\"t m0 x186 h88 y1bfa ff113 fs3a fc2 sc0 ls20 ws36\">(2,808)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ce5 w20 h89\"><div class=\"t m0 x2d h88 y1bfa ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2fa y2ce5 w56 h89\"><div class=\"t m0 x186 h88 y1bfa ff113 fs3a fc2 sc0 ls20 ws36\">(2,808)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce6 w93 h8b\"><div class=\"t m0 x0 h88 y1c50 ff113 fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ce6 w8d h8b\"><div class=\"t m0 x184 h88 y1c50 ff113 fs3a fc2 sc0 ls20 ws36\">1,375<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ce6 w48 h8b\"><div class=\"t m0 x2d h88 y1c50 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2ce6 w2a h8b\"><div class=\"t m0 x2d h88 y1c50 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2ce6 w20 h8b\"><div class=\"t m0 x184 h88 y1c50 ff113 fs3a fc2 sc0 ls20 ws36\">1,804<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ce6 w20 h8b\"><div class=\"t m0 x171 h88 y1c50 ff113 fs3a fc2 sc0 ls20 ws36\">156<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ce6 w55 h8b\"><div class=\"t m0 x184 h88 y1c50 ff113 fs3a fc2 sc0 ls20 ws36\">3,335<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce7 w93 h8a\"><div class=\"t m0 x0 h88 y1c03 ff113 fs3a fc2 sc0 ls25 ws41\">Reclasses <span class=\"ls24 ws3a\">and other</span><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2ce7 w8d h8a\"><div class=\"t m0 x1a0 h88 y1c03 ff113 fs3a fc2 sc0 ls20 ws36\">128<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ce7 w48 h8a\"><div class=\"t m0 x2d h88 y1c03 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2ce7 w2a h8a\"><div class=\"t m0 x2d h88 y1c03 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2ce7 w20 h8a\"><div class=\"t m0 x193 h88 y1c03 ff113 fs3a fc2 sc0 ls20 ws36\">11<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ce7 w20 h8a\"><div class=\"t m0 x171 h88 y1c03 ff113 fs3a fc2 sc0 ls20 ws36\">307<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ce7 w55 h8a\"><div class=\"t m0 x1a0 h88 y1c03 ff113 fs3a fc2 sc0 ls20 ws36\">446<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce8 w93 h8c\"><div class=\"t m0 x0 h87 y1be0 ff114 fs3a fc2 sc0 ls21 ws38\">Bala<span class=\"_ _2\"></span>nce, N<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 30, 20<span class=\"_ _2\"></span><span class=\"ls66 ws9d\">25</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2ce8 w8d h8c\"><div class=\"t m0 x179 h87 y1be0 ff114 fs3a fc2 sc0 ls1 ws0\">6<span class=\"_ _1\"></span><span class=\"ls23 ws39\">7,054</span><span class=\"ls23 ws39\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x300 y2ce8 w48 h8c\"><div class=\"t m0 xb6 h87 y1be0 ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x2d5 y2ce8 w2a h8c\"><div class=\"t m0 x179 h87 y1be0 ff114 fs3a fc2 sc0 ls1 ws0\">1<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span><span class=\"ls66 ws9d\">21<span class=\"ls1 ws0\">8</span></span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x301 y2ce8 w20 h8c\"><div class=\"t m0 x179 h87 y1be0 ff114 fs3a fc2 sc0 ls23 ws39\">77,408<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ce8 w20 h8c\"><div class=\"t m0 x185 h87 y1be0 ff114 fs3a fc2 sc0 ls21 ws35\">1,96<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ce8 w55 h8c\"><div class=\"t m0 x180 h87 y1be0 ff114 fs3a fc2 sc0 ls21 ws35\">156,<span class=\"_ _2\"></span>648<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce9 w93 h86\"><div class=\"t m0 x0 h87 y1bde ff114 fs3a fc2 sc0 ls25 ws4d\">Accumulated amortisation:<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x246 y2ceb w17e h13a\"><div class=\"t m0 x245 h87 y2c4d ff114 fs3a fc2 sc0 ls2e ws5c\">Balance,<span class=\"_ _195\"> </span></div><div class=\"t m0 x308 h87 y2cea ff114 fs3a fc2 sc0 ls1f ws3e\">Decemb<span class=\"_ _2\"></span>er 1<span class=\"ls21 ws3b\">, 20<span class=\"ls66 ws9d\">23<span class=\"_ _195\"> </span></span></span></div></td><td class=\"t m0 x309 h87 y2cec ff114 fs3a fc2 sc0 ls23 ws39\">12,394<span class=\"_ _195\"> </span></td><td class=\"c x300 y2ced w48 h86\"><div class=\"t m0 x185 h87 y1c05 ff114 fs3a fc2 sc0 ls21 ws35\">1,35<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"t m0 x30a h87 y2cec ff114 fs3a fc2 sc0 ls21 ws35\">7,11<span class=\"_ _2\"></span>1<span class=\"_ _195\"> </span></td><td class=\"t m0 x278 h87 y2cec ff114 fs3a fc2 sc0 ls23 ws39\">44,077<span class=\"_ _195\"> </span></td><td class=\"t m0 x30b h87 y2cec ff114 fs3a fc2 sc0 ls21 ws35\">1,05<span class=\"_ _2\"></span>1<span class=\"_ _195\"> </span></td><td class=\"t m0 x30c h87 y2cec ff114 fs3a fc2 sc0 ls23 ws39\">65,990<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2cee w93 h8a\"><div class=\"t m0 x0 h88 y1be6 ff113 fs3a fc2 sc0 ls22 ws3e\">Amortisa<span class=\"_ _1\"></span>tion<span class=\"ls1 ws0\"> <span class=\"ls24 ws3a\">charge for the year</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cee w8d h8a\"><div class=\"t m0 x2d h88 y1be6 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cee w48 h8a\"><div class=\"t m0 x2d h88 y1be6 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2cee w2a h8a\"><div class=\"t m0 x2d h88 y1be6 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2cee w20 h8a\"><div class=\"t m0 x184 h88 y1be6 ff113 fs3a fc2 sc0 ls20 ws36\">4,341<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cee w20 h8a\"><div class=\"t m0 x2d h88 y1be6 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2fa y2cee w55 h8a\"><div class=\"t m0 x184 h88 y1be6 ff113 fs3a fc2 sc0 ls20 ws36\">4,341<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cef w93 h86\"><div class=\"t m0 x0 h88 y1be4 ff113 fs3a fc2 sc0 ls25 ws3c\">Disposals and retirements<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cef w8d h86\"><div class=\"t m0 x2d h88 y1be4 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cef w25 h86\"><div class=\"t m0 x186 h88 y1be4 ff113 fs3a fc2 sc0 ls20 ws36\">(1,357)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2cef w2c h86\"><div class=\"t m0 x186 h88 y1be4 ff113 fs3a fc2 sc0 ls20 ws36\">(7,111)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2cef w2b h86\"><div class=\"t m0 x47 h88 y1be4 ff113 fs3a fc2 sc0 ls20 ws36\">(146)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cef w20 h86\"><div class=\"t m0 x2d h88 y1be4 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2fa y2cef w56 h86\"><div class=\"t m0 x186 h88 y1be4 ff113 fs3a fc2 sc0 ls20 ws36\">(8,614)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cf0 w93 h86\"><div class=\"t m0 x0 h88 y1be2 ff113 fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x30d h88 y2cf1 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _195\"> </span></td><td class=\"c x300 y2cf0 w48 h86\"><div class=\"t m0 x2d h88 y1be2 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"t m0 x30e h88 y2cf1 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _195\"> </span></td><td class=\"t m0 x30f h88 y2cf1 ff113 fs3a fc2 sc0 ls20 ws36\">(1,076)<span class=\"_ _195\"> </span></td><td class=\"t m0 x2ad h88 y2cf1 ff113 fs3a fc2 sc0 ls20 ws36\">64<span class=\"_ _195\"> </span></td><td class=\"t m0 x310 h88 y2cf1 ff113 fs3a fc2 sc0 ls20 ws36\">(1,012)<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2cf2 w93 h8a\"><div class=\"t m0 x0 h88 y1c18 ff113 fs3a fc2 sc0 ls25 ws41\">Reclasses <span class=\"ls24 ws3a\">and other</span><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2cf2 w8d h8a\"><div class=\"t m0 x2d h88 y1c18 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cf2 w48 h8a\"><div class=\"t m0 x2d h88 y1c18 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2cf2 w2a h8a\"><div class=\"t m0 x2d h88 y1c18 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2cf2 w2b h8a\"><div class=\"t m0 x171 h88 y1c18 ff113 fs3a fc2 sc0 ls20 ws36\">(32)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cf2 w20 h8a\"><div class=\"t m0 x1 h88 y1c18 ff113 fs3a fc2 sc0 ls20 ws36\">91<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cf2 w55 h8a\"><div class=\"t m0 x193 h88 y1c18 ff113 fs3a fc2 sc0 ls20 ws36\">59<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cf3 w93 h86\"><div class=\"t m0 x0 h87 y1bea ff114 fs3a fc2 sc0 ls21 ws38\">Bala<span class=\"_ _2\"></span>nce, N<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 30, 20<span class=\"_ _2\"></span><span class=\"ls66 ws9d\">24</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2cf3 w8d h86\"><div class=\"t m0 x179 h87 y1bea ff114 fs3a fc2 sc0 ls23 ws39\">12,394<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2cf3 w48 h86\"><div class=\"t m0 xb6 h87 y1bea ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x2d5 y2cf3 w2a h86\"><div class=\"t m0 x2d h87 y1bea ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x301 y2cf3 w20 h86\"><div class=\"t m0 x179 h87 y1bea ff114 fs3a fc2 sc0 ls23 ws39\">47,164<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cf3 w20 h86\"><div class=\"t m0 x185 h87 y1bea ff114 fs3a fc2 sc0 ls21 ws35\">1,20<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cf3 w55 h86\"><div class=\"t m0 x179 h87 y1bea ff114 fs3a fc2 sc0 ls23 ws39\">60,764<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cf4 w93 h86\"><div class=\"t m0 x0 h88 y1be8 ff113 fs3a fc2 sc0 ls22 ws3e\">Amortisa<span class=\"_ _1\"></span>tion<span class=\"ls1 ws0\"> <span class=\"ls24 ws3a\">charge for the year</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cf4 w8d h86\"><div class=\"t m0 x2d h88 y1be8 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cf4 w48 h86\"><div class=\"t m0 x2d h88 y1be8 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2cf4 w2a h86\"><div class=\"t m0 x2d h88 y1be8 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2cf4 w20 h86\"><div class=\"t m0 x184 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">5,781<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cf4 w20 h86\"><div class=\"t m0 xb6 h88 y1be8 ff113 fs3a fc2 sc0 ls1 ws0\">3<span class=\"_ _1\"></span> </div></td><td class=\"c x2fa y2cf4 w55 h86\"><div class=\"t m0 x184 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">5,784<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cf5 w93 ha4\"><div class=\"t m0 x0 h88 y21ea ff113 fs3a fc2 sc0 ls25 ws3c\">Disposals and retirements<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cf5 w8d ha4\"><div class=\"t m0 x2d h88 y21ea ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cf5 w48 ha4\"><div class=\"t m0 x2d h88 y21ea ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2cf5 w2a ha4\"><div class=\"t m0 x2d h88 y21ea ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2cf5 w2b ha4\"><div class=\"t m0 x186 h88 y21ea ff113 fs3a fc2 sc0 ls20 ws36\">(2,064)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cf5 w20 ha4\"><div class=\"t m0 x2d h88 y21ea ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2fa y2cf5 w56 ha4\"><div class=\"t m0 x186 h88 y21ea ff113 fs3a fc2 sc0 ls20 ws36\">(2,064)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cf6 w93 h86\"><div class=\"t m0 x0 h88 y1be8 ff113 fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cf6 w8d h86\"><div class=\"t m0 x2d h88 y1be8 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cf6 w48 h86\"><div class=\"t m0 x2d h88 y1be8 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2cf6 w2a h86\"><div class=\"t m0 x2d h88 y1be8 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2cf6 w20 h86\"><div class=\"t m0 x1a0 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">962<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cf6 w20 h86\"><div class=\"t m0 x171 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">126<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cf6 w55 h86\"><div class=\"t m0 x184 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">1,088<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cf7 w93 h89\"><div class=\"t m0 x0 h88 y1bf4 ff113 fs3a fc2 sc0 ls25 ws41\">Reclasses <span class=\"ls24 ws3a\">and other</span><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2cf7 w8d h89\"><div class=\"t m0 x2d h88 y1bf4 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cf7 w48 h89\"><div class=\"t m0 x2d h88 y1bf4 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2cf7 w2a h89\"><div class=\"t m0 x2d h88 y1bf4 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2cf7 w20 h89\"><div class=\"t m0 x2d h88 y1bf4 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2f9 y2cf7 w20 h89\"><div class=\"t m0 x1 h88 y1bf4 ff113 fs3a fc2 sc0 ls20 ws36\">92<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cf7 w55 h89\"><div class=\"t m0 x193 h88 y1bf4 ff113 fs3a fc2 sc0 ls20 ws36\">92<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cf8 w93 h86\"><div class=\"t m0 x0 h87 y1bef ff114 fs3a fc2 sc0 ls21 ws38\">Bala<span class=\"_ _2\"></span>nce, N<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 30, 20<span class=\"_ _2\"></span><span class=\"ls66 ws9d\">25</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2cf8 w8d h86\"><div class=\"t m0 x179 h87 y1bef ff114 fs3a fc2 sc0 ls23 ws39\">12,394<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2cf8 w48 h86\"><div class=\"t m0 xb6 h87 y1bef ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x2d5 y2cf8 w2a h86\"><div class=\"t m0 x2d h87 y1bef ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x301 y2cf8 w20 h86\"><div class=\"t m0 x179 h87 y1bef ff114 fs3a fc2 sc0 ls23 ws39\">51,843<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cf8 w20 h86\"><div class=\"t m0 x185 h87 y1bef ff114 fs3a fc2 sc0 ls21 ws35\">1,42<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cf8 w55 h86\"><div class=\"t m0 x179 h87 y1bef ff114 fs3a fc2 sc0 ls23 ws39\">65,664<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cf9 w93 h8a\"><div class=\"t m0 x0 h87 y1c41 ff114 fs3a fc2 sc0 ls1f ws33\">Net book v<span class=\"_ _2\"></span>alue:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2cfa w93 h86\"><div class=\"t m0 x0 h87 y1bfa ff114 fs3a fc2 sc0 ls21 ws38\">At Nov<span class=\"_ _2\"></span>embe<span class=\"_ _2\"></span>r 30, <span class=\"_ _2\"></span>20<span class=\"ls66 ws9d\">24</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2cfa w8d h86\"><div class=\"t m0 x179 h87 y1bfa ff114 fs3a fc2 sc0 ls23 ws39\">20,964<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2cfa w48 h86\"><div class=\"t m0 xb6 h87 y1bfa ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x2d5 y2cfa w2a h86\"><div class=\"t m0 x2d h87 y1bfa ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x301 y2cfa w20 h86\"><div class=\"t m0 x179 h87 y1bfa ff114 fs3a fc2 sc0 ls23 ws39\">21,192<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cfa w20 h86\"><div class=\"t m0 x1a0 h87 y1bfa ff114 fs3a fc2 sc0 ls21 ws35\">299<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cfa w55 h86\"><div class=\"t m0 x179 h87 y1bfa ff114 fs3a fc2 sc0 ls23 ws39\">42,455<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cfb w93 h86\"><div class=\"t m0 x0 h87 y1bf8 ff114 fs3a fc2 sc0 ls21 ws38\">At Nov<span class=\"_ _2\"></span>embe<span class=\"_ _2\"></span>r 30, <span class=\"_ _2\"></span>20<span class=\"ls66 ws9d\">25</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2cfb w8d h86\"><div class=\"t m0 x179 h87 y1bf8 ff114 fs3a fc2 sc0 ls1 ws0\">5<span class=\"_ _1\"></span>4,<span class=\"_ _1\"></span><span class=\"ls66 ws9d\">66<span class=\"ls1 ws0\">0</span></span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x300 y2cfb w48 h86\"><div class=\"t m0 xb6 h87 y1bf8 ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x2d5 y2cfb w2a h86\"><div class=\"t m0 x179 h87 y1bf8 ff114 fs3a fc2 sc0 ls1 ws0\">1<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span><span class=\"ls66 ws9d\">21<span class=\"ls1 ws0\">8</span></span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x301 y2cfb w20 h86\"><div class=\"t m0 x179 h87 y1bf8 ff114 fs3a fc2 sc0 ls23 ws39\">25,565<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cfb w20 h86\"><div class=\"t m0 x1a0 h87 y1bf8 ff114 fs3a fc2 sc0 ls21 ws35\">541<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cfb w55 h86\"><div class=\"t m0 x179 h87 y1bf8 ff114 fs3a fc2 sc0 ls23 ws39\">90,984<span class=\"ls1 ws0\"> </span></div></td></tr></table>Other th<span class=\"_ _2\"></span>an goodw<span class=\"_ _2\"></span>ill,<span class=\"_ _2\"></span> a<span class=\"ls2f ws70\">ll int<span class=\"_ _2\"></span>angible asset<span class=\"_ _2\"></span>s were subj<span class=\"_ _2\"></span>ect to a<span class=\"ws75\">m<span class=\"_ _2\"></span>ortisation as of November<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">30, 2025 <span class=\"_ _2\"></span>and 2024.<span class=\"ls1 ws0\"> </span></span></span></span></span>Revaluation for<span class=\"_ _2\"></span> foreign exc<span class=\"_ _2\"></span>hange differences <span class=\"_ _2\"></span>for goodwill<span class=\"_ _2\"></span> and other<span class=\"_ _2\"></span> intangibles am<span class=\"_ _2\"></span>ounted to <span class=\"_ _2\"></span>a <span class=\"ls30 ws52\">g<span class=\"_ _2\"></span>ain<span class=\"ls1 ws0\"> </span></span>of $<span class=\"ls48 ws72\">2.2<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">millio<span class=\"_ _2\"></span>n <span class=\"ls30 ws50\">for the<span class=\"_ _2\"></span> yea<span class=\"_ _2\"></span>r ende<span class=\"_ _2\"></span>d <span class=\"ls31 ws51\">November 30, 2025<span class=\"ls1 ws0\">.</span></span></span></span></span></span><div class=\"gs8f\"><table class=\"s w16a h165\" id=\"_3d754c0a-6239-48b0-b031-7df94b4ba319\"><tr><td></td><td class=\"t m0 x3ac h82 y2eec ff1c6 fs3b fc2 sc0 ls1 ws32\">For the years ended <span class=\"ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x2c8 h82 y2eed ff1c6 fs3b fc2 sc0 ls1 ws32\">November 30<span class=\"ws0\"> </span></td><td></td></tr><tr><td class=\"c x24b y2eee w64 hb9\"><div class=\"t m0 x0 h82 y1c42 ff1c6 fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"c x2a2 y2eee w48 hb9\"><div class=\"t m0 x177 h85 y22db ff1c7 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2eee w48 hb9\"><div class=\"t m0 x177 h82 y22db ff1c6 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2eef w64 h89\"><div class=\"t m0 x0 h88 y1bfa ff1c6 fs3a fc2 sc0 ls24 ws3a\">Benefit obligations at beginning of ye<span class=\"_ _2\"></span>ar<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2eef w48 h89\"><div class=\"t m0 x180 h87 y1bfa ff1c7 fs3a fc2 sc0 ls21 ws35\">170,<span class=\"_ _2\"></span>552<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2eef w48 h89\"><div class=\"t m0 x181 h88 y1bfa ff1c6 fs3a fc2 sc0 ls20 ws36\">168,950<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ef0 w64 h8b\"><div class=\"t m0 x0 h88 y1bf8 ff1c6 fs3a fc2 sc0 ls22 ws37\">Current service cos<span class=\"_ _1\"></span>t<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2ef0 w48 h8b\"><div class=\"t m0 x177 h87 y1bf8 ff1c7 fs3a fc2 sc0 ls21 ws35\">478<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2ef0 w48 h8b\"><div class=\"t m0 x1a0 h88 y1bf8 ff1c6 fs3a fc2 sc0 ls20 ws36\">437<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ef1 w64 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff1c6 fs3a fc2 sc0 ls23 ws4b\">Past se<span class=\"_ _1\"></span>rvice income<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2ef1 w25 h8a\"><div class=\"t m0 x1a0 h87 y1bf6 ff1c7 fs3a fc2 sc0 ls21 ws35\">(11)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2ef1 w48 h8a\"><div class=\"t m0 x2d h88 y1bf6 ff1c5 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1c6\"> </span></div></td></tr><tr><td class=\"c x24b y2ef2 w64 h86\"><div class=\"t m0 x0 h88 y1bdc ff1c6 fs3a fc2 sc0 ls23 ws4b\">Interest cost<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2ef2 w48 h86\"><div class=\"t m0 x185 h87 y1bdc ff1c7 fs3a fc2 sc0 ls21 ws35\">8,55<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2ef2 w48 h86\"><div class=\"t m0 x184 h88 y1bdc ff1c6 fs3a fc2 sc0 ls20 ws36\">8,856<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ef3 w64 h86\"><div class=\"t m0 x0 h88 y1bde ff1c6 fs3a fc2 sc0 ls20 ws34\">Benefit<span class=\"_ _2\"></span>s paid<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2ef3 w25 h86\"><div class=\"t m0 x181 h87 y1bde ff1c7 fs3a fc2 sc0 ls21 ws35\">(11,2<span class=\"_ _2\"></span>70)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2ef3 w4b h86\"><div class=\"t m0 x187 h88 y1bde ff1c6 fs3a fc2 sc0 ls20 ws36\">(11,823)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ef4 w64 h8a\"><div class=\"t m0 x0 h88 y1c2d ff1c6 fs3a fc2 sc0 ls24 ws3a\">Foreign exchange rate changes<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2ef4 w48 h8a\"><div class=\"t m0 x177 h87 y1c2d ff1c7 fs3a fc2 sc0 ls21 ws35\">781<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2ef4 w4b h8a\"><div class=\"t m0 x171 h88 y1c2d ff1c6 fs3a fc2 sc0 ls20 ws36\">(46)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ef5 w64 h86\"><div class=\"t m0 x0 h88 y1bde ff1c6 fs3a fc2 sc0 ls26 ws47\">Remeasurem<span class=\"_ _1\"></span>ents:<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x24b y2ef6 w64 h86\"><div class=\"t m0 x19a h88 y1c05 ff1c6 fs3a fc2 sc0 ls20 ws34\">Effect o<span class=\"_ _2\"></span>f changes<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> demographic<span class=\"_ _2\"></span> as<span class=\"_ _2\"></span>sumption<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2ef6 w48 h86\"><div class=\"t m0 x177 h87 y1c05 ff1c7 fs3a fc2 sc0 ls21 ws35\">259<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2ef6 w4b h86\"><div class=\"t m0 x47 h88 y1c05 ff1c6 fs3a fc2 sc0 ls20 ws36\">(410)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ef7 w64 h8a\"><div class=\"t m0 x19a h88 y1c03 ff1c6 fs3a fc2 sc0 ls20 ws34\">Effect o<span class=\"_ _2\"></span>f changes<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> financial<span class=\"_ _2\"></span> assu<span class=\"_ _2\"></span>mptio<span class=\"_ _2\"></span>ns<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2ef7 w25 h8a\"><div class=\"t m0 x179 h87 y1c03 ff1c7 fs3a fc2 sc0 ls21 ws35\">(1,16<span class=\"_ _2\"></span>5)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2ef7 w48 h8a\"><div class=\"t m0 x184 h88 y1c03 ff1c6 fs3a fc2 sc0 ls20 ws36\">4,149<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ef8 w64 h86\"><div class=\"t m0 x19a h88 y2112 ff1c6 fs3a fc2 sc0 ls26 ws3d\">Effect of exp<span class=\"_ _1\"></span>erience adjustments<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2ef8 w48 h86\"><div class=\"t m0 x177 h87 y2112 ff1c7 fs3a fc2 sc0 ls21 ws35\">130<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2ef8 w48 h86\"><div class=\"t m0 x1a0 h88 y2112 ff1c6 fs3a fc2 sc0 ls20 ws36\">439<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ef9 w64 h86\"><div class=\"t m0 x0 h87 y1c0a ff1c7 fs3a fc2 sc0 ls2c ws5a\">Benefits oblig<span class=\"_ _1\"></span>ation at end of year<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2ef9 w48 h86\"><div class=\"t m0 x180 h87 y1c0a ff1c7 fs3a fc2 sc0 ls21 ws35\">168,<span class=\"_ _2\"></span>307<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2ef9 w48 h86\"><div class=\"t m0 x181 h88 y1c0a ff1c6 fs3a fc2 sc0 ls20 ws36\">170,552<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"gs8f\"><table class=\"s w16a h164\" id=\"_f3c86203-fd2e-4b3f-b6e9-a1ff69ef4066\"><tr><td></td><td class=\"t m0 x3ac h82 y2edd ff1c6 fs3b fc2 sc0 ls1 ws32\">For the years ended <span class=\"ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"c x2bd y2ede w68 hb4\"><div class=\"t m0 xb6 h82 y1f57 ff1c6 fs3b fc2 sc0 ls1 ws32\">November 30<span class=\"ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2edf w150 h115\"><div class=\"t m0 x245 h82 y29a6 ff1c6 fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2b9 h82 y29a6 ff1c6 fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x2ba h85 y2ee0 ff1c7 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"t m0 x2b8 h82 y2ee0 ff1c6 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2ee1 w64 h86\"><div class=\"t m0 x0 h88 y1bf4 ff1c6 fs3a fc2 sc0 ls2e ws4c\">Fair value o<span class=\"_ _2\"></span>f plan assets<span class=\"_ _2\"></span> at beginning<span class=\"_ _2\"></span> of year<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x303 h87 y2ee2 ff1c7 fs3a fc2 sc0 ls21 ws35\">174,<span class=\"_ _2\"></span>437<span class=\"_ _195\"> </span></td><td class=\"t m0 x3ad h88 y2ee2 ff1c6 fs3a fc2 sc0 ls20 ws36\">170,305<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2ee3 w64 h86\"><div class=\"t m0 x0 h88 y1bef ff1c6 fs3a fc2 sc0 ls24 ws3a\">Return on plan assets (exc<span class=\"_ _2\"></span>luding interest income)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2ee3 w48 h86\"><div class=\"t m0 x177 h87 y1bef ff1c7 fs3a fc2 sc0 ls27 ws3f\">81<span class=\"ls1 ws0\">5</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2ee3 w48 h86\"><div class=\"t m0 x184 h88 y1bef ff1c6 fs3a fc2 sc0 ls20 ws36\">6,091<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ee4 w64 h8a\"><div class=\"t m0 x0 h88 y1c41 ff1c6 fs3a fc2 sc0 ls24 ws3a\">Interest income<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2ee4 w48 h8a\"><div class=\"t m0 x185 h87 y1c41 ff1c7 fs3a fc2 sc0 ls21 ws35\">8,55<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2ee4 w48 h8a\"><div class=\"t m0 x184 h88 y1c41 ff1c6 fs3a fc2 sc0 ls20 ws36\">8,701<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ee5 w64 h86\"><div class=\"t m0 x0 h88 y1bef ff1c6 fs3a fc2 sc0 ls24 ws3a\">Company contributions<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x3ae h87 y2ee6 ff1c7 fs3a fc2 sc0 ls27 ws3f\">1,<span class=\"ls21 ws35\">629<span class=\"_ _195\"> </span></span></td><td class=\"t m0 x3af h88 y2ee6 ff1c6 fs3a fc2 sc0 ls20 ws36\">1,612<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2ee7 w64 h86\"><div class=\"t m0 x0 h88 y1c50 ff1c6 fs3a fc2 sc0 ls24 ws3a\">Foreign exchange rate changes<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2ee7 w48 h86\"><div class=\"t m0 x177 h87 y1c50 ff1c7 fs3a fc2 sc0 ls21 ws35\">974<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2ee7 w48 h86\"><div class=\"t m0 x193 h88 y1c50 ff1c6 fs3a fc2 sc0 ls20 ws36\">26<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ee8 w64 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff1c6 fs3a fc2 sc0 ls20 ws34\">Benefit<span class=\"_ _2\"></span>s paid<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2ee8 w25 h8a\"><div class=\"t m0 x181 h87 y1bf6 ff1c7 fs3a fc2 sc0 ls21 ws35\">(11,2<span class=\"_ _2\"></span>70)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2ee8 w4b h8a\"><div class=\"t m0 x187 h88 y1bf6 ff1c6 fs3a fc2 sc0 ls20 ws36\">(11,823)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ee9 w64 h86\"><div class=\"t m0 x0 h88 y1c50 ff1c6 fs3a fc2 sc0 ls20 ws34\">Expense<span class=\"_ _2\"></span>s paid<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x3b0 h87 y2eea ff1c7 fs3a fc2 sc0 ls21 ws35\">(416)<span class=\"_ _195\"> </span></td><td class=\"t m0 x2c2 h88 y2eea ff1c6 fs3a fc2 sc0 ls20 ws36\">(475)<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2eeb w64 h86\"><div class=\"t m0 x0 h87 y1bfa ff1c7 fs3a fc2 sc0 ls2e ws6e\">Fair value of plan asset<span class=\"_ _2\"></span>s at end of year<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2eeb w48 h86\"><div class=\"t m0 x180 h87 y1bfa ff1c7 fs3a fc2 sc0 ls27 ws3f\">17<span class=\"ls1 ws0\">4<span class=\"ls21 ws35\">,727</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2eeb w48 h86\"><div class=\"t m0 x181 h88 y1bfa ff1c6 fs3a fc2 sc0 ls20 ws36\">174,437<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"gs8f\"><table class=\"s w1c1 h16a\" id=\"_8c894582-26ca-4794-a67b-4c8029598af2\"><tr><td></td><td class=\"c x3c9 y2f1a w1c2 h10c\"><div class=\"t m0 x245 h82 y2e0b ff1d5 fs3b fc2 sc0 ls2d ws4a\">Claims<span class=\"_ _195\"> </span></div></td><td class=\"c x3cb y2f1a w1c3 h10c\"><div class=\"t m0 x245 h82 y2e0b ff1d5 fs3b fc2 sc0 ls1 ws0\">E<span class=\"_ _195\"> </span></div><div class=\"t m0 x3ca h82 y2e0b ff1d5 fs3b fc2 sc0 ls1 ws0\">nvironmental<span class=\"_ _195\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x246 y2f1b w150 h10c\"><div class=\"t m0 x245 h82 y2e0b ff1d5 fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2b9 h82 y2e0b ff1d5 fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x3cc y2f1c w1c4 h10c\"><div class=\"t m0 x245 h82 y2e0b ff1d5 fs3b fc2 sc0 ls1 ws0\">provision<span class=\"_ _195\"> </span></div></td><td class=\"c x3cd y2f1c w1c4 h10c\"><div class=\"t m0 x245 h82 y2e0b ff1d5 fs3b fc2 sc0 ls1 ws0\">provision<span class=\"_ _195\"> </span></div></td><td class=\"c x3ac y2f1d we9 hb6\"><div class=\"t m0 xd2 h82 y2307 ff1d5 fs3b fc2 sc0 ls1 ws0\">Restructuring </div></td><td class=\"c x3ce y2f1d wec hb6\"><div class=\"t m0 x18f h85 y2307 ff1d2 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2f1e wea h86\"><div class=\"t m0 x0 h87 y1bef ff1d2 fs3a fc2 sc0 ls1f ws33\">Balan<span class=\"_ _2\"></span>ce at Decemb<span class=\"_ _2\"></span>er 1, 202<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3cf y2f1e web h86\"><div class=\"t m0 x179 h87 y1bef ff1d2 fs3a fc2 sc0 ls21 ws35\">404<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3d0 y2f1e w27 h86\"><div class=\"t m0 x18f h87 y1bef ff1d2 fs3a fc2 sc0 ls21 ws35\">117<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ac y2f1e we9 h86\"><div class=\"t m0 x188 h87 y1bef ff1d6 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff1d2\"> </span></div></td><td class=\"c x3ce y2f1e wec h86\"><div class=\"t m0 x179 h87 y1bef ff1d2 fs3a fc2 sc0 ls21 ws35\">521<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f1f wea ha1\"><div class=\"t m0 x0 h88 y1c4c ff1d5 fs3a fc2 sc0 ls26 ws3d\">Reversal (<span class=\"_ _1\"></span>a<span class=\"ls29 ws44\">ddit<span class=\"_ _2\"></span>ional</span><span class=\"ls29 ws44\"><span class=\"ls8b ws38\">) <span class=\"ls22 ws37\">p<span class=\"_ _1\"></span>rovisions recognised<span class=\"_ _1\"></span><span class=\"ls24 ws3a\">, net<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span></div></td><td class=\"c x3cf y2f1f wed ha1\"><div class=\"t m0 x183 h88 y1c4c ff1d5 fs3a fc2 sc0 ls20 ws36\">(29)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3d0 y2f1f wee ha1\"><div class=\"t m0 x179 h88 y1c4c ff1d5 fs3a fc2 sc0 ls20 ws36\">(62)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ac y2f1f we9 ha1\"><div class=\"t m0 x179 h88 y1c4c ff1d5 fs3a fc2 sc0 ls20 ws36\">195<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ce y2f1f wec ha1\"><div class=\"t m0 x179 h88 y1c4c ff1d5 fs3a fc2 sc0 ls20 ws36\">104<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f20 wea h8a\"><div class=\"t m0 x0 h88 y1c3f ff1d5 fs3a fc2 sc0 ls22 ws37\">Reductions a<span class=\"_ _1\"></span>rising from pa<span class=\"_ _1\"></span>yments<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3cf y2f20 wed h8a\"><div class=\"t m0 x181 h88 y1c3f ff1d5 fs3a fc2 sc0 ls20 ws36\">(129)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3d0 y2f20 wee h8a\"><div class=\"t m0 x181 h88 y1c3f ff1d5 fs3a fc2 sc0 ls20 ws36\">(113)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ac y2f20 we9 h8a\"><div class=\"t m0 x47 h88 y1c3f ff1d7 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1d5\"> </span></div></td><td class=\"c x3ce y2f20 wef h8a\"><div class=\"t m0 x181 h88 y1c3f ff1d5 fs3a fc2 sc0 ls20 ws36\">(242)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f21 wea h86\"><div class=\"t m0 x0 h88 y1bf8 ff1d5 fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3cf y2f21 web h86\"><div class=\"t m0 x185 h88 y1bf8 ff1d5 fs3a fc2 sc0 ls20 ws36\">23<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3d0 y2f21 w27 h86\"><div class=\"t m0 x182 h88 y1bf8 ff1d5 fs3a fc2 sc0 ls20 ws36\">58<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ac y2f21 we9 h86\"><div class=\"t m0 x47 h88 y1bf8 ff1d7 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1d5\"> </span></div></td><td class=\"c x3ce y2f21 wec h86\"><div class=\"t m0 x185 h88 y1bf8 ff1d5 fs3a fc2 sc0 ls20 ws36\">81<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2941 wea h86\"><div class=\"t m0 x0 h87 y1bfa ff1d2 fs3a fc2 sc0 ls23 wsc7\">Balance<span class=\"_ _1\"></span> at Nove<span class=\"_ _1\"></span>mber 30, 2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3cf y2941 web h86\"><div class=\"t m0 x179 h87 y1bfa ff1d2 fs3a fc2 sc0 ls21 ws35\">269<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3d0 y2941 w27 h86\"><div class=\"t m0 x47 h87 y1bfa ff1d6 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff1d2\"> </span></div></td><td class=\"c x3ac y2941 we9 h86\"><div class=\"t m0 x179 h87 y1bfa ff1d2 fs3a fc2 sc0 ls21 ws35\">195<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ce y2941 wec h86\"><div class=\"t m0 x179 h87 y1bfa ff1d2 fs3a fc2 sc0 ls21 ws35\">464<span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"gs8f\"><table class=\"s w16b h16b\" id=\"_f0844006-3285-45ab-841d-52e12725b606\"><tr><td></td><td></td><td class=\"c x3d1 y2f22 we9 hec\"><div class=\"t m0 x187 h82 y262e ff1d5 fs3b fc2 sc0 ls1d ws31\">Asset </div></td><td></td><td></td></tr><tr><td></td><td class=\"c x3d3 y2f23 w1c5 h103\"><div class=\"t m0 x245 h82 y29a6 ff1d5 fs3b fc2 sc0 ls1 ws0\">E<span class=\"_ _195\"> </span></div><div class=\"t m0 x3d2 h82 y29a6 ff1d5 fs3b fc2 sc0 ls1 ws0\">nvironmental<span class=\"_ _195\"> </span></div></td><td class=\"c x3d5 y2f23 w1c6 h103\"><div class=\"t m0 x245 h82 y29a6 ff1d5 fs3b fc2 sc0 ls1 ws0\">r<span class=\"_ _195\"> </span></div><div class=\"t m0 x3d4 h82 y29a6 ff1d5 fs3b fc2 sc0 ls1 ws0\">etirement<span class=\"_ _195\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x246 y2f24 w170 h103\"><div class=\"t m0 x245 h82 y29a6 ff1d5 fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2f3 h82 y29a6 ff1d5 fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x3d6 h82 y2f25 ff1d5 fs3b fc2 sc0 ls1 ws0\">provision<span class=\"_ _195\"> </span></td><td class=\"c x3d8 y2f26 w1c7 h103\"><div class=\"t m0 x245 h82 y29a6 ff1d5 fs3b fc2 sc0 ls1 ws0\">o<span class=\"_ _195\"> </span></div><div class=\"t m0 x3d7 h82 y29a6 ff1d5 fs3b fc2 sc0 ls2d ws4a\">bligation<span class=\"_ _2\"></span>s<span class=\"_ _195\"> </span></div></td><td class=\"c x3bc y2f22 wf1 hec\"><div class=\"t m0 x1a6 h82 y22db ff1d5 fs3b fc2 sc0 ls2d ws4a\">Claims<span class=\"ls1 ws0\"> provision</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3d9 y2f22 wf2 hec\"><div class=\"t m0 x180 h85 y22db ff1d2 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x241 y2f27 wf0 h8a\"><div class=\"t m0 x0 h87 y1bf6 ff1d2 fs3a fc2 sc0 ls2e ws6e\">Balance at <span class=\"ls1f ws3e\">Decemb<span class=\"_ _2\"></span>er 1<span class=\"ls2a wse3\">, 20<span class=\"ls66 ws9d\">24</span></span></span><span class=\"ls1f ws3e\"><span class=\"ls2a wse3\"><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></span></span></div></td><td class=\"c x3bd y2f27 w36 h8a\"><div class=\"t m0 x1a0 h87 y1bf6 ff1d6 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff1d2\"> </span></div></td><td class=\"c x3d1 y2f27 we9 h8a\"><div class=\"t m0 x17f h87 y1bf6 ff1d2 fs3a fc2 sc0 ls21 ws35\">1,92<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bc y2f27 wf1 h8a\"><div class=\"t m0 x181 h87 y1bf6 ff1d2 fs3a fc2 sc0 ls23 ws39\">13,121<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3d9 y2f27 wf2 h8a\"><div class=\"t m0 x17c h87 y1bf6 ff1d2 fs3a fc2 sc0 ls23 ws39\">15,049<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f28 wf0 ha1\"><div class=\"t m0 x0 h88 y1bf8 ff1d5 fs3a fc2 sc0 ls24 ws3a\">Business combinations<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bd y2f28 w36 ha1\"><div class=\"t m0 x181 h88 y1bf8 ff1d5 fs3a fc2 sc0 ls20 ws36\">2,036<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3d1 y2f28 we9 ha1\"><div class=\"t m0 x47 h88 y1bf8 ff1d7 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1d5\"> </span></div></td><td class=\"c x3bc y2f28 wf1 ha1\"><div class=\"t m0 x193 h88 y1bf8 ff1d7 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1d5\"> </span></div></td><td class=\"c x3d9 y2f28 wf2 ha1\"><div class=\"t m0 x17b h88 y1bf8 ff1d5 fs3a fc2 sc0 ls20 ws36\">2,036<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f29 wf0 h86\"><div class=\"t m0 x0 h88 y1bfa ff1d5 fs3a fc2 sc0 ls1 ws0\">A<span class=\"ls28 ws40\">dditional<span class=\"_ _2\"></span></span> <span class=\"_ _1\"></span><span class=\"ls22 ws37\">provisions recogni<span class=\"_ _1\"></span>sed<span class=\"ls24 ws3a\">, net</span></span><span class=\"ls22 ws37\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x3bd y2f29 w36 h86\"><div class=\"t m0 x1a0 h88 y1bfa ff1d7 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1d5\"> </span></div></td><td class=\"c x3d1 y2f29 we9 h86\"><div class=\"t m0 x185 h88 y1bfa ff1d5 fs3a fc2 sc0 ls20 ws36\">11<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bc y2f29 wf1 h86\"><div class=\"t m0 x47 h88 y1bfa ff1d5 fs3a fc2 sc0 ls20 ws36\">429<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3d9 y2f29 wf2 h86\"><div class=\"t m0 x181 h88 y1bfa ff1d5 fs3a fc2 sc0 ls20 ws36\">440<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f2a wf0 h8a\"><div class=\"t m0 x0 h88 y1be0 ff1d5 fs3a fc2 sc0 ls26 ws3d\">Transfer to accrued<span class=\"_ _1\"></span> expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bd y2f2a w36 h8a\"><div class=\"t m0 x1a0 h88 y1be0 ff1d7 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1d5\"> </span></div></td><td class=\"c x3d1 y2f2a wee h8a\"><div class=\"t m0 x181 h88 y1be0 ff1d5 fs3a fc2 sc0 ls20 ws36\">(200)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bc y2f2a wf1 h8a\"><div class=\"t m0 x193 h88 y1be0 ff1d7 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1d5\"> </span></div></td><td class=\"c x3d9 y2f2a wf3 h8a\"><div class=\"t m0 x17f h88 y1be0 ff1d5 fs3a fc2 sc0 ls20 ws36\">(200)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f2b wf0 h86\"><div class=\"t m0 x0 h88 y1bde ff1d5 fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bd y2f2b w36 h86\"><div class=\"t m0 x1a0 h88 y1bde ff1d7 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1d5\"> </span></div></td><td class=\"c x3d1 y2f2b we9 h86\"><div class=\"t m0 x188 h88 y1bde ff1d5 fs3a fc2 sc0 ls1 ws0\">9<span class=\"_ _1\"></span> </div></td><td class=\"c x3bc y2f2b wf1 h86\"><div class=\"t m0 x171 h88 y1bde ff1d5 fs3a fc2 sc0 ls1 ws0\">3<span class=\"_ _1\"></span>3 </div></td><td class=\"c x3d9 y2f2b wf2 h86\"><div class=\"t m0 x183 h88 y1bde ff1d5 fs3a fc2 sc0 ls1 ws0\">4<span class=\"_ _1\"></span>2 </div></td></tr><tr><td class=\"c x241 y2f2c wf0 h86\"><div class=\"t m0 x0 h87 y1c05 ff1d2 fs3a fc2 sc0 ls2e ws6e\">Balance at November 30, 20<span class=\"ls66 ws9d\">25</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x3bd y2f2c w36 h86\"><div class=\"t m0 x181 h87 y1c05 ff1d2 fs3a fc2 sc0 ls21 ws35\">2,03<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3d1 y2f2c we9 h86\"><div class=\"t m0 x17f h87 y1c05 ff1d2 fs3a fc2 sc0 ls21 ws35\">1,74<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bc y2f2c wf1 h86\"><div class=\"t m0 x181 h87 y1c05 ff1d2 fs3a fc2 sc0 ls23 ws39\">13,58<span class=\"ls1 ws0\">3</span><span class=\"ls1 ws0\"><span class=\"_ _1\"></span> </span></div></td><td class=\"c x3d9 y2f2c wf2 h86\"><div class=\"t m0 x17c h87 y1c05 ff1d2 fs3a fc2 sc0 ls23 ws39\">17,36<span class=\"ls1 ws0\">7</span><span class=\"ls1 ws0\"><span class=\"_ _1\"></span> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-624": {
   "value": "10. Cash and Cash Equivalents  Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span>Cash an<span class=\"_ _2\"></span>d cas<span class=\"_ _2\"></span>h equi<span class=\"_ _2\"></span>vale<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span> comp<span class=\"_ _2\"></span>rise<span class=\"_ _2\"></span> cash<span class=\"_ _2\"></span> bala<span class=\"_ _2\"></span>nces an<span class=\"_ _2\"></span>d sh<span class=\"_ _2\"></span>ort<span class=\"ls1 ws0\">-<span class=\"ls54 ws70\">term time deposits with a<span class=\"_ _2\"></span>n original </span></span>durat<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>of l<span class=\"_ _2\"></span>ess<span class=\"_ _2\"></span> tha<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>hree<span class=\"_ _2\"></span> mont<span class=\"_ _2\"></span>hs,<span class=\"_ _2\"></span> whi<span class=\"_ _2\"></span>ch <span class=\"_ _2\"></span>are s<span class=\"_ _2\"></span>ubjec<span class=\"_ _2\"></span>t t<span class=\"_ _2\"></span>o a<span class=\"_ _2\"></span>n in<span class=\"_ _2\"></span>signi<span class=\"_ _2\"></span>fi<span class=\"_ _2\"></span>cant r<span class=\"_ _2\"></span>isk<span class=\"_ _2\"></span> of c<span class=\"_ _2\"></span>hang<span class=\"_ _2\"></span>es i<span class=\"_ _2\"></span>n v<span class=\"_ _2\"></span>alu<span class=\"_ _2\"></span>e.<table class=\"s w163 h125\" id=\"_70241136-48cd-4562-b34e-e8a365026ebb\"><tr><td></td><td class=\"t m0 x2dc h82 y2c18 ffc6 fs3b fc2 sc0 ls1 ws0\"> <span class=\"_ _126\"> </span><span class=\"ws32\">A<span class=\"_ _1\"></span>s of Novemb<span class=\"_ _2\"></span>er<span class=\"ws0\"> <span class=\"ls1b ws2f\">30</span></span><span class=\"ws0\"> </span></span></td><td></td></tr><tr><td class=\"c x241 y2c19 w80 ha3\"><div class=\"t m0 x0 h82 y203f ffc6 fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"c x2dd y2c19 w48 ha3\"><div class=\"t m0 x177 h85 y1cad ffc8 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2c19 w2a ha3\"><div class=\"t m0 x177 h82 y1cad ffc6 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2c1a w80 h8a\"><div class=\"t m0 x0 h88 y1bf6 ffc6 fs3a fc2 sc0 ls2e ws5c\">Cash <span class=\"ls24 ws3a\">on hand</span><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2dd y2c1a w48 h8a\"><div class=\"t m0 x180 h87 y1bf6 ffc8 fs3a fc2 sc0 ls21 ws35\">121,<span class=\"_ _2\"></span>674<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2c1a w2a h8a\"><div class=\"t m0 x183 h88 y1bf6 ffc6 fs3a fc2 sc0 ls20 ws36\">92,073<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2c1b w80 ha1\"><div class=\"t m0 x0 h88 y1bf8 ffc6 fs3a fc2 sc0 ls22 ws3e\">Short<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls26 ws3d\">term time deposi<span class=\"_ _1\"></span>ts</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2dd y2c1b w48 ha1\"><div class=\"t m0 x179 h87 y1bf8 ffc8 fs3a fc2 sc0 ls23 ws39\">22,883<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2c1b w2a ha1\"><div class=\"t m0 x181 h88 y1bf8 ffc6 fs3a fc2 sc0 ls20 ws36\">242,665<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2c1c w80 h86\"><div class=\"t m0 x0 h87 y1bfa ffc8 fs3a fc2 sc0 ls22 ws34\">Cash and<span class=\"_ _1\"></span> cash equival<span class=\"_ _1\"></span>ents<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2dd y2c1c w48 h86\"><div class=\"t m0 x180 h87 y1bfa ffc8 fs3a fc2 sc0 ls21 ws35\">144,<span class=\"_ _2\"></span>557<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2c1c w2a h86\"><div class=\"t m0 x181 h88 y1bfa ffc6 fs3a fc2 sc0 ls20 ws36\">334,738<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>Cash a<span class=\"_ _2\"></span>nd c<span class=\"_ _2\"></span>ash <span class=\"_ _2\"></span>equival<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s com<span class=\"_ _2\"></span>prise<span class=\"_ _2\"></span> cash <span class=\"_ _2\"></span>and<span class=\"_ _2\"></span> short<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">term time d<span class=\"_ _2\"></span>eposits held by<span class=\"_ _2\"></span> the G<span class=\"_ _2\"></span>roup.<span class=\"_ _195\"> </span></span></span>November 30<span class=\"_ _2\"></span>, 20<span class=\"ls1b ws2f\">25</span><span class=\"ls1b ws2f\"><span class=\"ls1 ws0\"> </span></span>November 30, 20<span class=\"ls78 wsbd\">24</span><span class=\"ws0\"> </span>Total c<span class=\"ls65 ws99\">arrying<span class=\"_ _195\"> </span></span>Total carrying<span class=\"_ _195\"> </span>(in<span class=\"_ _195\"> </span><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span>Current<span class=\"ls1 ws0\"> </span>Non<span class=\"ls1 ws0\">-current</span><span class=\"ls1 ws0\"> </span> <span class=\"ls65 ws99\">value</span> Fair <span class=\"ls1 ws0\">v</span>alue<span class=\"ls1 ws0\"> </span>Curre<span class=\"_ _1\"></span>nt<span class=\"ls1 ws0\"> </span>Non-<span class=\"ls1e ws32\">current</span> value<span class=\"_ _195\"> </span>Fair <span class=\"ls1 ws0\">v<span class=\"ls2d ws4a\">alue</span></span><span class=\"ls1 ws0\"> </span>Financial <span class=\"ls1 ws0\">A<span class=\"_ _1\"></span><span class=\"ls27 ws3f\">ssets</span></span><span class=\"ls1 ws0\"><span class=\"ls27 ws3f\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span>Financial<span class=\"_ _2\"></span> assets a<span class=\"_ _2\"></span>t FVTOCI<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Investments in equity instruments<span class=\"ls1 ws0\"> <span class=\"ff180\">\u2013<span class=\"_ _1\"></span><span class=\"ff17f\"> <span class=\"ls29 ws44\">listed</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ff180\"><span class=\"ff17f\"> </span></span></span>\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span>248,<span class=\"_ _2\"></span>350<span class=\"ls1 ws0\"> </span>248,<span class=\"_ _2\"></span>350<span class=\"ls1 ws0\"> </span>248,<span class=\"_ _2\"></span>350<span class=\"ls1 ws0\"> </span>\u2013<span class=\"ff17f\"> </span>205,274<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>205,274<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>205,274<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Financial<span class=\"_ _2\"></span> assets a<span class=\"_ _2\"></span>t amorti<span class=\"_ _2\"></span>sed cos<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\"> </span>Cash and cash equivalents<span class=\"ls1 ws0\"> </span>144,557<span class=\"ls1 ws0\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span>144,557<span class=\"ls1 ws0\"> </span>144,557<span class=\"ls1 ws0\"> </span>334,738<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>\u2013<span class=\"ff17f\"> </span>334,738<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>334,738<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Trade receiv<span class=\"_ _1\"></span>ables<span class=\"ls23 ws4b\">, excluding<span class=\"_ _1\"></span> contract receivab<span class=\"_ _1\"></span>les</span><span class=\"ls23 ws4b\"><span class=\"ls1 ws0\"> </span></span>330,096<span class=\"ls1 ws0\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span>330,<span class=\"_ _2\"></span>096<span class=\"ls1 ws0\"> </span>330,<span class=\"_ _2\"></span>096<span class=\"ls1 ws0\"> </span>359,530<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>\u2013<span class=\"ff17f\"> </span>359,530<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>359,530<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>Loans and advances to joint ventur<span class=\"_ _2\"></span>es<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2e ws4c\">and<span class=\"_ _2\"></span> associates</span></span><span class=\"ls1 ws0\"><span class=\"ls2e ws4c\"><span class=\"ls1 ws0\"> </span></span></span>\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span>72,893<span class=\"ls1 ws0\"> </span>72,893<span class=\"ls1 ws0\"> </span>72,893<span class=\"ls1 ws0\"> </span>\u2013<span class=\"ff17f\"> </span>81,372<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>81,372<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>81,372<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Other curren<span class=\"_ _1\"></span>t assets<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span> </span>31,956<span class=\"ls1 ws0\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span>31,956<span class=\"ls1 ws0\"> </span>31,956<span class=\"ls1 ws0\"> </span>34,885<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>\u2013<span class=\"ff17f\"> </span>34,885<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>34,885<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>506,609<span class=\"ls1 ws0\"> </span>321,<span class=\"_ _2\"></span>243<span class=\"ls1 ws0\"> </span>827,<span class=\"_ _2\"></span>852<span class=\"ls1 ws0\"> </span>827,<span class=\"_ _2\"></span>852<span class=\"ls1 ws0\"> </span>729,153<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>286,646<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>1,015,799<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>1,015,799",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-673": {
   "value": "Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span>Cash an<span class=\"_ _2\"></span>d cas<span class=\"_ _2\"></span>h equi<span class=\"_ _2\"></span>vale<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span> comp<span class=\"_ _2\"></span>rise<span class=\"_ _2\"></span> cash<span class=\"_ _2\"></span> bala<span class=\"_ _2\"></span>nces an<span class=\"_ _2\"></span>d sh<span class=\"_ _2\"></span>ort<span class=\"ls1 ws0\">-<span class=\"ls54 ws70\">term time deposits with a<span class=\"_ _2\"></span>n original </span></span>durat<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>of l<span class=\"_ _2\"></span>ess<span class=\"_ _2\"></span> tha<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>hree<span class=\"_ _2\"></span> mont<span class=\"_ _2\"></span>hs,<span class=\"_ _2\"></span> whi<span class=\"_ _2\"></span>ch <span class=\"_ _2\"></span>are s<span class=\"_ _2\"></span>ubjec<span class=\"_ _2\"></span>t t<span class=\"_ _2\"></span>o a<span class=\"_ _2\"></span>n in<span class=\"_ _2\"></span>signi<span class=\"_ _2\"></span>fi<span class=\"_ _2\"></span>cant r<span class=\"_ _2\"></span>isk<span class=\"_ _2\"></span> of c<span class=\"_ _2\"></span>hang<span class=\"_ _2\"></span>es i<span class=\"_ _2\"></span>n v<span class=\"_ _2\"></span>alu<span class=\"_ _2\"></span>e.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-644": {
   "value": "<div class=\"t m0 h98 ffc6 fs39 fc2 sc0 ls30 ws50 gs214\">Cash a<span class=\"_ _2\"></span>nd c<span class=\"_ _2\"></span>ash <span class=\"_ _2\"></span>equival<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s com<span class=\"_ _2\"></span>prise<span class=\"_ _2\"></span> cash <span class=\"_ _2\"></span>and<span class=\"_ _2\"></span> short<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">term time d<span class=\"_ _2\"></span>eposits held by<span class=\"_ _2\"></span> the G<span class=\"_ _2\"></span>roup.<span class=\"_ _195\"> </span></span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"> </span></span><span class=\"ls1 ws0\"> </span></div>No col<span class=\"_ _2\"></span>late<span class=\"_ _2\"></span>ral is<span class=\"_ _2\"></span> hel<span class=\"_ _2\"></span>d on<span class=\"_ _2\"></span> any <span class=\"_ _2\"></span>acco<span class=\"_ _2\"></span>unts <span class=\"_ _2\"></span>recei<span class=\"_ _2\"></span>vable<span class=\"_ _2\"></span>.<span class=\"_ _195\"> </span>(ii<span class=\"ls1 ws0\">i)<span class=\"_ _1\"></span> <span class=\"ls46 ws92\">Seni<span class=\"_ _2\"></span>or se<span class=\"_ _2\"></span>cu<span class=\"_ _2\"></span>red c<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>dit f<span class=\"_ _2\"></span>acil<span class=\"_ _2\"></span>itie<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span></span> </span>On July<span class=\"_ _2\"></span> 9<span class=\"_ _2\"></span>, 2024<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up <span class=\"_ _2\"></span>refina<span class=\"_ _2\"></span>nced <span class=\"_ _2\"></span><span class=\"ls31 ws51\">the 2015 private placement<span class=\"ls1 ws0\"> </span></span>facility<span class=\"_ _2\"></span> mat<span class=\"_ _2\"></span>uring<span class=\"_ _2\"></span> in M<span class=\"_ _2\"></span>arc<span class=\"_ _2\"></span>h <span class=\"ls1 ws0\"> </span>2025 through th<span class=\"_ _2\"></span>e issuance o<span class=\"_ _2\"></span>f $450.0 m<span class=\"_ _2\"></span>illion in seve<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\">-<span class=\"ls47 ws82\">year an<span class=\"_ _1\"></span>d ten<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">ye<span class=\"_ _2\"></span>ar <span class=\"_ _2\"></span>notes<span class=\"_ _2\"></span> in t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>US pri<span class=\"_ _2\"></span>vate<span class=\"_ _2\"></span> </span></span></span></span>placem<span class=\"_ _2\"></span>ent m<span class=\"_ _2\"></span>arke<span class=\"_ _2\"></span>t. T<span class=\"_ _2\"></span>he no<span class=\"_ _2\"></span>tes a<span class=\"_ _2\"></span>re se<span class=\"_ _2\"></span>cured<span class=\"_ _2\"></span> by <span class=\"_ _2\"></span>US<span class=\"ls1 ws0\">-</span>based<span class=\"_ _2\"></span> asse<span class=\"_ _2\"></span>ts <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>a gua<span class=\"_ _2\"></span>rantee<span class=\"_ _2\"></span> from<span class=\"_ _2\"></span> <span class=\"ls4b ws77\">SNL<span class=\"_ _2\"></span></span><span class=\"ws4f\">. The<span class=\"_ _2\"></span> </span>notes <span class=\"_ _2\"></span>are f<span class=\"_ _2\"></span>ixed<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span> note<span class=\"_ _2\"></span>s wi<span class=\"_ _2\"></span>th t<span class=\"_ _2\"></span>he in<span class=\"_ _2\"></span>tere<span class=\"_ _2\"></span>st r<span class=\"_ _2\"></span>ate fo<span class=\"_ _2\"></span>r bo<span class=\"_ _2\"></span>th tr<span class=\"_ _2\"></span>anc<span class=\"_ _2\"></span>hes f<span class=\"_ _2\"></span>ixed<span class=\"_ _2\"></span> at jus<span class=\"_ _2\"></span>t un<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span> 6%. T<span class=\"_ _2\"></span>he f<span class=\"_ _2\"></span>undin<span class=\"_ _2\"></span>g took p<span class=\"_ _2\"></span>lace<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>July 1<span class=\"_ _2\"></span>8, 20<span class=\"_ _2\"></span>24<span class=\"_ _2\"></span>, at w<span class=\"_ _2\"></span>hich<span class=\"_ _2\"></span> time<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> <span class=\"ls31 ws51\">2015 private placement<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">facility <span class=\"_ _1\"></span><span class=\"ls30 ws50\">w<span class=\"_ _2\"></span>as re<span class=\"_ _2\"></span>paid<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></span></span></span></span>On Ju<span class=\"_ _2\"></span>ne 12<span class=\"_ _2\"></span>, 20<span class=\"_ _2\"></span>23, the<span class=\"_ _2\"></span> Gr<span class=\"_ _2\"></span>oup<span class=\"_ _2\"></span> refi<span class=\"_ _2\"></span>nance<span class=\"_ _2\"></span>d its<span class=\"_ _2\"></span> pre<span class=\"_ _2\"></span>vious<span class=\"_ _2\"></span> Stol<span class=\"_ _2\"></span>thave<span class=\"_ _2\"></span>n S<span class=\"_ _2\"></span>ingapo<span class=\"_ _2\"></span>re fac<span class=\"_ _2\"></span>ili<span class=\"_ _2\"></span>ty wi<span class=\"_ _2\"></span>th a <span class=\"_ _2\"></span>SGD<span class=\"_ _2\"></span> 280.<span class=\"_ _2\"></span>0 million ($208.4 million) term loan<span class=\"_ _2\"></span>. The agreement is with DBS Bank Ltd., ING Bank N.V., KfW IPEX<span class=\"ls1 ws0\">-<span class=\"_ _195\"> </span></span>Bank Gm<span class=\"_ _2\"></span>bH and Ove<span class=\"_ _2\"></span>rsea<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span><span class=\"ws50\">Chinese Ba<span class=\"_ _2\"></span>nki<span class=\"_ _2\"></span>ng Co<span class=\"_ _2\"></span>rpor<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span> Limi<span class=\"_ _2\"></span>ted.<span class=\"_ _2\"></span> T<span class=\"ws52\">he<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">debt will b<span class=\"_ _2\"></span>e repaid <span class=\"_ _2\"></span>over seven </span></span></span></span>years<span class=\"_ _2\"></span> with<span class=\"_ _2\"></span> a fin<span class=\"_ _2\"></span>al b<span class=\"_ _2\"></span>alloo<span class=\"_ _2\"></span>n p<span class=\"_ _2\"></span>ayment<span class=\"_ _2\"></span> of S<span class=\"_ _2\"></span>GD 11<span class=\"_ _2\"></span>2.0 mi<span class=\"_ _2\"></span>llio<span class=\"_ _2\"></span>n and<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>nteres<span class=\"_ _2\"></span>t ra<span class=\"_ _2\"></span>te ha<span class=\"_ _2\"></span>s bee<span class=\"_ _2\"></span>n fi<span class=\"_ _2\"></span>xed <span class=\"_ _2\"></span>at 5.<span class=\"_ _2\"></span>3%.<span class=\"_ _2\"></span> The net proceeds<span class=\"_ _2\"></span> were used <span class=\"_ _2\"></span>to repay <span class=\"_ _2\"></span>a NOK bond <span class=\"_ _2\"></span>(SNI09) with $<span class=\"_ _2\"></span>132.0 millio<span class=\"_ _2\"></span>n outstand<span class=\"_ _2\"></span>ing and fo<span class=\"_ _2\"></span>r gener<span class=\"_ _2\"></span>al corp<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>ate pu<span class=\"_ _2\"></span>rpose<span class=\"_ _2\"></span><span class=\"ls48 ws72\">s.<span class=\"ls1 ws0\"> </span></span>On June<span class=\"_ _2\"></span> 21, 2022<span class=\"_ _2\"></span>, the Gr<span class=\"_ _2\"></span>oup sig<span class=\"_ _2\"></span>ned a $110<span class=\"_ _2\"></span>.0 mi<span class=\"_ _2\"></span>llion f<span class=\"_ _2\"></span>loati<span class=\"_ _2\"></span>ng rat<span class=\"_ _2\"></span>e borrow<span class=\"_ _2\"></span>ing ag<span class=\"_ _2\"></span>reem<span class=\"_ _2\"></span>ent usi<span class=\"_ _2\"></span>ng a group<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>ank co<span class=\"_ _2\"></span>ntai<span class=\"_ _2\"></span>ners<span class=\"_ _2\"></span> as c<span class=\"_ _2\"></span>oll<span class=\"_ _2\"></span>ater<span class=\"_ _2\"></span>al. The<span class=\"_ _2\"></span> ag<span class=\"_ _2\"></span>reemen<span class=\"_ _2\"></span>t is<span class=\"_ _2\"></span> with<span class=\"_ _2\"></span> ING<span class=\"_ _2\"></span> Bank<span class=\"_ _2\"></span> N.V<span class=\"_ _2\"></span>. and<span class=\"_ _2\"></span> a gr<span class=\"_ _2\"></span>oup o<span class=\"_ _2\"></span>f pri<span class=\"_ _2\"></span>vate<span class=\"_ _2\"></span> invest<span class=\"_ _2\"></span>ors f<span class=\"_ _2\"></span>or <span class=\"_ _2\"></span>seven y<span class=\"_ _2\"></span>ear<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> te<span class=\"_ _2\"></span>n mo<span class=\"_ _2\"></span>nths.<span class=\"_ _2\"></span> There<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> 33<span class=\"_ _2\"></span> equal<span class=\"_ _2\"></span> pa<span class=\"_ _2\"></span><span class=\"ls47 ws82\">ymen<span class=\"_ _1\"></span>ts, with a bal<span class=\"_ _1\"></span>loon payme<span class=\"_ _1\"></span>nt </span>at<span class=\"ls1 ws0\"> </span>maturit<span class=\"_ _2\"></span>y. <span class=\"ls1 ws0\"> </span>On Ma<span class=\"_ _2\"></span>rch 2<span class=\"_ _2\"></span>, 202<span class=\"_ _2\"></span>2, t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup si<span class=\"_ _2\"></span>gned<span class=\"_ _2\"></span> a $1<span class=\"_ _2\"></span>27.6<span class=\"_ _2\"></span> mill<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>float<span class=\"_ _2\"></span>ing <span class=\"_ _2\"></span>rate<span class=\"_ _2\"></span> borro<span class=\"_ _2\"></span>wing<span class=\"_ _2\"></span> agre<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span> usi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>a group<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>ank co<span class=\"_ _2\"></span>ntai<span class=\"_ _2\"></span>ners<span class=\"_ _2\"></span> as c<span class=\"_ _2\"></span>oll<span class=\"_ _2\"></span>ater<span class=\"_ _2\"></span>al. The<span class=\"_ _2\"></span> ag<span class=\"_ _2\"></span>reemen<span class=\"_ _2\"></span>t is<span class=\"_ _2\"></span> with<span class=\"_ _2\"></span> ING<span class=\"_ _2\"></span> Bank<span class=\"_ _2\"></span> N.V<span class=\"_ _2\"></span>. and<span class=\"_ _2\"></span> a gr<span class=\"_ _2\"></span>oup o<span class=\"_ _2\"></span>f pri<span class=\"_ _2\"></span>vate<span class=\"_ _2\"></span> invest<span class=\"_ _2\"></span>ors f<span class=\"_ _2\"></span>or <span class=\"_ _2\"></span>six ye<span class=\"_ _2\"></span>ars <span class=\"_ _2\"></span>and t<span class=\"_ _2\"></span>en m<span class=\"_ _2\"></span>onths.<span class=\"_ _2\"></span> T<span class=\"_ _2\"></span>here a<span class=\"_ _2\"></span>re 2<span class=\"_ _2\"></span>9 equal<span class=\"_ _2\"></span> paym<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>nts, w<span class=\"_ _2\"></span>ith <span class=\"_ _2\"></span>a bal<span class=\"_ _2\"></span>loon<span class=\"_ _2\"></span> payme<span class=\"_ _2\"></span>nt at<span class=\"_ _2\"></span> maturi<span class=\"_ _2\"></span>ty. C<span class=\"_ _2\"></span>ash w<span class=\"_ _2\"></span>as d<span class=\"_ _2\"></span>rawn<span class=\"_ _2\"></span> on t<span class=\"_ _2\"></span>he ne<span class=\"_ _2\"></span>w fac<span class=\"_ _2\"></span>ility<span class=\"_ _2\"></span> s<span class=\"_ _2\"></span>ubseq<span class=\"_ _2\"></span>uent <span class=\"_ _2\"></span>to t<span class=\"_ _2\"></span>he May<span class=\"_ _2\"></span> 2022<span class=\"_ _2\"></span> ball<span class=\"_ _2\"></span>oon<span class=\"_ _2\"></span> payme<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>the May<span class=\"_ _2\"></span> 20<span class=\"_ _2\"></span>16 ta<span class=\"_ _2\"></span>nk co<span class=\"_ _2\"></span>ntai<span class=\"_ _2\"></span>ner f<span class=\"_ _2\"></span>inanc<span class=\"_ _2\"></span>ing a<span class=\"_ _2\"></span>nd <span class=\"_ _2\"></span>the i<span class=\"_ _2\"></span>nteres<span class=\"_ _2\"></span>t ra<span class=\"_ _2\"></span>te w<span class=\"_ _2\"></span>as fi<span class=\"_ _2\"></span>xed<span class=\"_ _2\"></span> just<span class=\"_ _2\"></span> befo<span class=\"_ _2\"></span>re dr<span class=\"_ _2\"></span>awdown.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>On December 3,<span class=\"_ _2\"></span> 2020, the <span class=\"_ _2\"></span>Group entered<span class=\"_ _2\"></span> into a $65<span class=\"_ _2\"></span>.0 million f<span class=\"_ _2\"></span>ixed rate te<span class=\"_ _2\"></span>rm loan facili<span class=\"_ _2\"></span>ty using Stolt<span class=\"_ _2\"></span>haven<span class=\"_ _2\"></span> Dagen<span class=\"_ _2\"></span>ham<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>Stolt<span class=\"_ _2\"></span>haven<span class=\"_ _2\"></span> Moerd<span class=\"_ _2\"></span>ijk<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">t<span class=\"_ _2\"></span>ermi<span class=\"_ _2\"></span>nals<span class=\"ls1 ws0\"> </span><span class=\"ws50\">as c<span class=\"_ _2\"></span>ollate<span class=\"_ _2\"></span>ral.<span class=\"_ _2\"></span> The <span class=\"_ _2\"></span>facili<span class=\"_ _2\"></span>ty <span class=\"_ _2\"></span>agre<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span> is </span></span></span>with K<span class=\"_ _2\"></span>FW I<span class=\"_ _2\"></span>PEX<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls4b wsa7\">BA<span class=\"_ _2\"></span>NK G<span class=\"ls72 wsce\">mb<span class=\"ls30 ws50\">H f<span class=\"_ _2\"></span>or <span class=\"_ _2\"></span>six yea<span class=\"_ _2\"></span>rs. T<span class=\"_ _2\"></span>here<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> eigh<span class=\"_ _2\"></span>t eq<span class=\"_ _2\"></span>ual p<span class=\"_ _2\"></span>ayment<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>6.25% of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> tot<span class=\"_ _2\"></span>al </span></span></span></span>comm<span class=\"_ _2\"></span>itment<span class=\"_ _2\"></span> begi<span class=\"_ _2\"></span>nning<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> 2023<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls2f ws70\">with a fin<span class=\"_ _2\"></span>al balloon <span class=\"_ _2\"></span>obligation of <span class=\"_ _2\"></span>$32.5 millio<span class=\"_ _2\"></span>n.<span class=\"ls1 ws0\"> </span></span></span>In July<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">2019, <span class=\"_ _2\"></span>Stolthaven New O<span class=\"_ _2\"></span>rleans LLC i<span class=\"_ _2\"></span>ssued $200.0<span class=\"_ _2\"></span> million <span class=\"_ _2\"></span></span>s</span><span class=\"ws52\">enior <span class=\"ls1 ws0\">s<span class=\"ls2f ws4e\">ecured <span class=\"_ _1\"></span><span class=\"ls1 ws0\">n<span class=\"ls30 ws50\">otes w<span class=\"_ _2\"></span>ith <span class=\"_ _2\"></span>a gro<span class=\"_ _2\"></span>up<span class=\"_ _2\"></span> </span></span></span></span></span>of private in<span class=\"_ _2\"></span>vestors. The p<span class=\"_ _2\"></span>rivate <span class=\"_ _2\"></span>placement has a<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws4e\">ten<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2f ws70\">year<span class=\"_ _2\"></span> term a<span class=\"_ _2\"></span>t a fixed i<span class=\"_ _2\"></span>nterest rate <span class=\"_ _2\"></span>of 5.15% a<span class=\"_ _2\"></span>nd </span></span></span>is sec<span class=\"_ _2\"></span>ured<span class=\"_ _2\"></span> by t<span class=\"_ _2\"></span>he t<span class=\"_ _2\"></span>ermi<span class=\"_ _2\"></span>nal i<span class=\"_ _2\"></span>n Br<span class=\"_ _2\"></span>aithwai<span class=\"_ _2\"></span>te<span class=\"_ _2\"></span>, <span class=\"ls4f ws7c\">US</span>. P<span class=\"_ _2\"></span>roceeds<span class=\"_ _2\"></span> wer<span class=\"_ _2\"></span>e used<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>r ge<span class=\"_ _2\"></span>neral<span class=\"_ _2\"></span> corp<span class=\"_ _2\"></span>orate<span class=\"_ _2\"></span> purp<span class=\"_ _2\"></span>oses.<span class=\"_ _195\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCollateralExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-665": {
   "value": "11. Receivables, Ne<span class=\"_ _2\"></span>t<span class=\"ws0\"> </span>Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy <span class=\"ls1 ws0\"> </span>Trade<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> ot<span class=\"_ _2\"></span>her r<span class=\"_ _2\"></span>ecei<span class=\"_ _2\"></span>vab<span class=\"_ _2\"></span>les <span class=\"_ _2\"></span>are<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> init<span class=\"_ _2\"></span>iall<span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>at tr<span class=\"_ _2\"></span>ans<span class=\"_ _2\"></span>acti<span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>pric<span class=\"_ _2\"></span>e and<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> s<span class=\"_ _2\"></span>ubseq<span class=\"_ _2\"></span>uentl<span class=\"_ _2\"></span>y <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>stat<span class=\"_ _2\"></span>ed at<span class=\"_ _2\"></span> am<span class=\"_ _2\"></span>orti<span class=\"_ _2\"></span>sed c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>, l<span class=\"_ _2\"></span>ess <span class=\"_ _2\"></span>allo<span class=\"_ _2\"></span>wance<span class=\"_ _2\"></span>s f<span class=\"_ _2\"></span>or<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">expected credit<span class=\"_ _2\"></span> losses. T<span class=\"_ _2\"></span>he Group measure<span class=\"_ _2\"></span>s the</span> </span>loss allo<span class=\"_ _2\"></span>wance for<span class=\"_ _2\"></span> trade r<span class=\"_ _2\"></span>eceiv<span class=\"_ _2\"></span>ables <span class=\"_ _2\"></span>at an amo<span class=\"_ _2\"></span>unt equal t<span class=\"_ _2\"></span>o the<span class=\"_ _2\"></span> lifeti<span class=\"_ _2\"></span>me expect<span class=\"_ _2\"></span>ed credit<span class=\"_ _2\"></span> loss<span class=\"_ _2\"></span>es. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The amount of e<span class=\"_ _2\"></span>xpected credit l<span class=\"_ _2\"></span>osses (or rev<span class=\"_ _2\"></span>ersal) that i<span class=\"_ _2\"></span>s required <span class=\"_ _2\"></span>to adjust the lo<span class=\"_ _2\"></span>ss allowa<span class=\"_ _2\"></span>nce <span class=\"ls1 ws0\"> </span>at t<span class=\"_ _2\"></span>he re<span class=\"_ _2\"></span>por<span class=\"_ _2\"></span>ting<span class=\"_ _2\"></span> dat<span class=\"_ _2\"></span>e to<span class=\"_ _2\"></span> its<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>ogn<span class=\"_ _2\"></span>ised <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nt i<span class=\"_ _2\"></span>s r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d a<span class=\"_ _2\"></span>s an<span class=\"_ _2\"></span> imp<span class=\"_ _2\"></span>airm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> loss<span class=\"_ _2\"></span> or<span class=\"_ _2\"></span> a re<span class=\"_ _2\"></span>ver<span class=\"_ _2\"></span>sal <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>of a<span class=\"_ _2\"></span>n imp<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> los<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> <span class=\"ls73 wsb6\">in<span class=\"_ _1\"></span> the<span class=\"_ _1\"></span> i<span class=\"ls49 wsaa\">nc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> stat<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt.<span class=\"_ _2\"></span> Trad<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>and ot<span class=\"_ _2\"></span>her<span class=\"_ _2\"></span> re<span class=\"_ _2\"></span>ceiv<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> wr<span class=\"_ _2\"></span>itte<span class=\"_ _2\"></span>n off<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></span></span></span>(either pa<span class=\"_ _2\"></span>rtiall<span class=\"_ _2\"></span>y or in f<span class=\"_ _2\"></span>ull) wh<span class=\"_ _2\"></span>en there i<span class=\"_ _2\"></span>s no re<span class=\"_ _2\"></span>asonable<span class=\"_ _2\"></span> expectati<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> recovery.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Contract assets<span class=\"_ _2\"></span> represent the<span class=\"_ _2\"></span> right to re<span class=\"_ _2\"></span>ceive considerati<span class=\"_ _2\"></span>on for goods<span class=\"_ _2\"></span> or services t<span class=\"_ _2\"></span>ransferred to <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>the customer. If the G<span class=\"_ _2\"></span>roup partially s<span class=\"_ _2\"></span>atisfies its performance<span class=\"_ _2\"></span> obligations by tr<span class=\"_ _2\"></span>ansferring goods <span class=\"ls1 ws0\"> </span>or services t<span class=\"_ _2\"></span>o a customer bef<span class=\"_ _2\"></span>ore the cu<span class=\"_ _2\"></span>stomer pays c<span class=\"_ _2\"></span>onsideration <span class=\"_ _2\"></span>or before paymen<span class=\"_ _2\"></span>t is due, <span class=\"_ _2\"></span>a contract asset<span class=\"ls1 ws0\"> <span class=\"ls30 wsab\">is r<span class=\"_ _2\"></span>ecogni<span class=\"_ _2\"></span>sed f<span class=\"_ _2\"></span>or</span> <span class=\"ls49 wsaa\">the <span class=\"_ _2\"></span>earned<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>nsi<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n th<span class=\"_ _2\"></span>at i<span class=\"_ _2\"></span>s cond<span class=\"_ _2\"></span>iti<span class=\"_ _2\"></span>onal<span class=\"_ _2\"></span> o<span class=\"_ _2\"></span>n furt<span class=\"_ _2\"></span>her<span class=\"_ _2\"></span> per<span class=\"_ _2\"></span>form<span class=\"_ _2\"></span>anc<span class=\"_ _2\"></span>e </span></span>obligations being satisfied. <span class=\"ls1 ws0\"> </span>A tra<span class=\"_ _2\"></span>de r<span class=\"_ _2\"></span>ecei<span class=\"_ _2\"></span>vabl<span class=\"_ _2\"></span>e r<span class=\"_ _2\"></span>epre<span class=\"_ _2\"></span>sent<span class=\"_ _2\"></span>s the<span class=\"_ _2\"></span> G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span>\u2019s ri<span class=\"_ _2\"></span>ght<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> an <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>nsid<span class=\"_ _2\"></span>era<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n whe<span class=\"_ _2\"></span>re <span class=\"_ _2\"></span>all p<span class=\"_ _2\"></span>erfo<span class=\"_ _2\"></span>rma<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> obligations have been satisfied.<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">Accrued revenue are tr<span class=\"_ _2\"></span>ade receiv<span class=\"_ _2\"></span>ables which h<span class=\"_ _2\"></span>ave</span> <span class=\"ls48 ws32\">not yet bee<span class=\"_ _2\"></span>n </span></span>invoic<span class=\"_ _2\"></span>ed to<span class=\"_ _2\"></span> cust<span class=\"_ _2\"></span>omer<span class=\"_ _2\"></span>s.<span class=\"ls1 ws0\"> </span>Expected credit<span class=\"_ _2\"></span> losses on tr<span class=\"_ _2\"></span>ade receivable<span class=\"_ _2\"></span>s are calculate<span class=\"_ _2\"></span>d by usi<span class=\"_ _2\"></span>ng the provisio<span class=\"_ _2\"></span>n matrix appro<span class=\"_ _2\"></span>ach. The provision m<span class=\"_ _2\"></span>atrix is determi<span class=\"_ _2\"></span>ned based o<span class=\"_ _2\"></span>n historical <span class=\"_ _2\"></span>observed default rat<span class=\"_ _2\"></span>es over the exp<span class=\"_ _2\"></span>ected life <span class=\"_ _2\"></span>of the t<span class=\"_ _2\"></span>rad<span class=\"_ _2\"></span>e re<span class=\"_ _2\"></span>cei<span class=\"_ _2\"></span>vabl<span class=\"_ _2\"></span>es a<span class=\"_ _2\"></span>nd is<span class=\"_ _2\"></span> adj<span class=\"_ _2\"></span>us<span class=\"_ _2\"></span>ted f<span class=\"_ _2\"></span>or f<span class=\"_ _2\"></span>orwar<span class=\"_ _2\"></span>d<span class=\"ls1 ws0\">-<span class=\"ls53 ws80\">loo<span class=\"ls73 wsac\">king<span class=\"_ _1\"></span> est<span class=\"_ _1\"></span>ima<span class=\"_ _1\"></span>tes.<span class=\"ls1 ws0\"> </span></span></span></span>Provision for expec<span class=\"_ _2\"></span>ted credit<span class=\"_ _2\"></span> losses is m<span class=\"_ _2\"></span>ade when the Gr<span class=\"_ _2\"></span>oup <span class=\"ls48 ws32\">does<span class=\"_ _2\"></span> not ex<span class=\"_ _2\"></span>pect to<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls49 ws7c\">collect<span class=\"_ _2\"></span> all am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span>s </span></span></span>due.<span class=\"_ _2\"></span> Chang<span class=\"_ _2\"></span>es<span class=\"_ _2\"></span> in e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on b<span class=\"_ _2\"></span>asi<span class=\"_ _2\"></span>s or<span class=\"ls1 ws0\"> <span class=\"ls73 wsb5\">in</span> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">eco<span class=\"_ _2\"></span>nomi<span class=\"_ _2\"></span>c c<span class=\"_ _2\"></span>ondi<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>ns co<span class=\"_ _2\"></span>uld<span class=\"_ _2\"></span> lead<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span>a c<span class=\"_ _2\"></span>hang<span class=\"_ _2\"></span>e i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> le<span class=\"_ _2\"></span>vel o<span class=\"_ _2\"></span>f </span></span>provision recorded<span class=\"_ _2\"></span> and, conseq<span class=\"_ _2\"></span>uently, on the c<span class=\"_ _2\"></span>harge or <span class=\"_ _2\"></span>credit to pr<span class=\"_ _2\"></span>ofit or lo<span class=\"_ _2\"></span>ss. <span class=\"ls1 ws0\"> </span>Impairment<span class=\"_ _2\"></span> on recei<span class=\"_ _2\"></span>vables<span class=\"_ _2\"></span> is meas<span class=\"_ _2\"></span>ured as lif<span class=\"_ _2\"></span>etime <span class=\"_ _2\"></span>expected<span class=\"_ _2\"></span> credi<span class=\"_ _2\"></span>t losses.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><table class=\"s w164 h126\" id=\"_08fb4b0b-6987-41d7-bedf-4f05f8c04891\"><tr><td></td><td class=\"c x2df y2c1d w81 h80\"><div class=\"t m0 x1a0 h82 y1bd2 ffce fs3b fc2 sc0 ls1d ws49\">As of<span class=\"ls1 ws0\"> November <span class=\"ls1b ws2f\">30</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2c1e w150 h102\"><div class=\"t m0 x245 h82 y29a6 ffce fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2b9 h82 y29a7 ffce fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x2e0 h85 y2c1f ffcf fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"t m0 x2e1 h82 y2c1f ffce fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2c20 w4d h8c\"><div class=\"t m0 x0 h88 y1cd0 ffce fs3a fc2 sc0 ls26 ws3d\">Customer trade receiv<span class=\"_ _1\"></span>ables<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c20 w20 h8c\"><div class=\"t m0 x180 h87 y1cd0 ffcf fs3a fc2 sc0 ls21 ws35\">334,<span class=\"_ _2\"></span>988<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c20 w20 h8c\"><div class=\"t m0 x181 h88 y1cd0 ffce fs3a fc2 sc0 ls20 ws36\">366,523<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c21 w4d h89\"><div class=\"t m0 x0 h88 y1bdc ffce fs3a fc2 sc0 ls23 ws4b\">Contract a<span class=\"_ _1\"></span>ssets<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c21 w20 h89\"><div class=\"t m0 x179 h87 y1bdc ffcf fs3a fc2 sc0 ls23 ws39\">31,822<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c21 w20 h89\"><div class=\"t m0 x183 h88 y1bdc ffce fs3a fc2 sc0 ls20 ws36\">17,202<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c22 w4d h86\"><div class=\"t m0 x0 h88 y1bde ffce fs3a fc2 sc0 ls24 ws3a\">Accrued revenue<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c22 w20 h86\"><div class=\"t m0 x179 h87 y1bde ffcf fs3a fc2 sc0 ls23 ws39\">12,961<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c22 w20 h86\"><div class=\"t m0 x183 h88 y1bde ffce fs3a fc2 sc0 ls20 ws36\">10,292<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c23 w4d h8c\"><div class=\"t m0 x0 h88 y1be0 ffce fs3a fc2 sc0 ls24 ws3a\">Insurance receivable<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c23 w20 h8c\"><div class=\"t m0 x185 h87 y1be0 ffcf fs3a fc2 sc0 ls21 ws35\">1,46<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c23 w20 h8c\"><div class=\"t m0 x184 h88 y1be0 ffce fs3a fc2 sc0 ls20 ws36\">1,075<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c24 w4d h86\"><div class=\"t m0 x0 h88 y1bda ffce fs3a fc2 sc0 ls24 ws3b\">Interest<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c24 w20 h86\"><div class=\"t m0 x177 h87 y1bda ffcf fs3a fc2 sc0 ls21 ws35\">142<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c24 w20 h86\"><div class=\"t m0 x1a0 h88 y1bda ffce fs3a fc2 sc0 ls20 ws36\">349<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c25 w4d h89\"><div class=\"t m0 x0 h88 y1bdc ffce fs3a fc2 sc0 ls2a ws45\">Othe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c25 w20 h89\"><div class=\"t m0 x185 h87 y1bdc ffcf fs3a fc2 sc0 ls21 ws35\">3,75<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c25 w20 h89\"><div class=\"t m0 x184 h88 y1bdc ffce fs3a fc2 sc0 ls20 ws36\">2,482<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x28c y2c26 w20 h8a\"><div class=\"t m0 x180 h87 y1be6 ffcf fs3a fc2 sc0 ls21 ws35\">385,<span class=\"_ _2\"></span>133<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c26 w20 h8a\"><div class=\"t m0 x181 h88 y1be6 ffce fs3a fc2 sc0 ls20 ws36\">397,923<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c27 w4d ha1\"><div class=\"t m0 x0 h88 y1be4 ffce fs3a fc2 sc0 ls22 ws37\">Allowance f<span class=\"_ _1\"></span>or impairment on cu<span class=\"_ _1\"></span>stomer trade<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2e ws4c\">and accru<span class=\"_ _2\"></span>ed<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls26 ws47\">receivables</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls2e ws4c\"><span class=\"ls1 ws0\"><span class=\"ls26 ws47\"><span class=\"ls1 ws0\"> </span></span></span></span></span></div></td><td class=\"c x28c y2c27 w2b ha1\"><div class=\"t m0 x181 h87 y1be4 ffcf fs3a fc2 sc0 ls21 ws35\">(23,2<span class=\"_ _2\"></span>15)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c27 w25 ha1\"><div class=\"t m0 x187 h88 y1be4 ffce fs3a fc2 sc0 ls20 ws36\">(21,191)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c28 w4d h86\"><div class=\"t m0 x0 h88 y1bea ffce fs3a fc2 sc0 ls26 ws3d\">Receivables<span class=\"_ _1\"></span>, net<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c28 w20 h86\"><div class=\"t m0 x180 h87 y1bea ffcf fs3a fc2 sc0 ls21 ws35\">361,<span class=\"_ _2\"></span>918<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c28 w20 h86\"><div class=\"t m0 x181 h88 y1bea ffce fs3a fc2 sc0 ls20 ws36\">376,732<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>See Note <span class=\"ls31 ws53\">21<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">for<span class=\"_ _2\"></span> an analysi<span class=\"_ _2\"></span>s of the credi<span class=\"_ _2\"></span>t risk o<span class=\"_ _2\"></span>f receivables<span class=\"_ _2\"></span>. <span class=\"ls1 ws0\"> </span></span></span></span>Cont<span class=\"_ _2\"></span>ract as<span class=\"_ _2\"></span>sets<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>A cont<span class=\"_ _2\"></span>ract asse<span class=\"_ _2\"></span>t has bee<span class=\"_ _2\"></span>n reco<span class=\"_ _2\"></span>rde<span class=\"_ _2\"></span>d for STC<span class=\"_ _2\"></span>\u2019s tra<span class=\"_ _2\"></span>nsport<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n rev<span class=\"_ _2\"></span>enue <span class=\"ffce ws52\">tha<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\"> </span><span class=\"ws50\">has bee<span class=\"_ _2\"></span>n ear<span class=\"_ _2\"></span>ned<span class=\"_ _2\"></span>, no<span class=\"_ _2\"></span>t yet </span></span>invoiced and whe<span class=\"_ _2\"></span>re not <span class=\"_ _2\"></span>all performance <span class=\"_ _2\"></span>obligations h<span class=\"_ _2\"></span>ave been sa<span class=\"_ _2\"></span>tisfied<span class=\"ls30 ws50\">. C<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span> assets<span class=\"_ _2\"></span> </span>are<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">typically invoiced<span class=\"_ _2\"></span> within a<span class=\"_ _2\"></span> month of <span class=\"_ _2\"></span>any accrual.<span class=\"_ _2\"></span></span> </span><table class=\"s w151 h127\" id=\"_fc178a55-09b5-418d-a23a-de0d28de3a1e\"><tr><td></td><td></td><td class=\"t m0 x24f h85 y2c29 ffcf fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></td><td></td><td class=\"t m0 x2e2 h82 y2c29 ffce fs3b fc2 sc0 ls1 ws0\"> <span class=\"_ _2a\"> </span><span class=\"ls1b ws2f\">2024<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></span></td></tr><tr><td class=\"c x24b y2c2a w83 ha3\"><div class=\"t m0 x0 h82 y2066 ffce fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"c x2e3 y2c2a w5e ha3\"><div class=\"t m0 x18f h85 y1fa2 ffcf fs3b fc2 sc0 ls39 ws0\">&lt;1 year<span class=\"_ _2\"></span><span class=\"ls1\"> </span></div></td><td class=\"c x2e4 y2c2a w5f ha3\"><div class=\"t m0 x18f h85 y1fa2 ffcf fs3b fc2 sc0 ls1 ws9a\">&gt;1 year<span class=\"ws0\"> </span></div></td><td class=\"c x2e5 y2c2a w5e ha3\"><div class=\"t m0 x18f h82 y1fa2 ffce fs3b fc2 sc0 ls1 ws32\">&lt;1 year<span class=\"ws0\"> </span></div></td><td class=\"c x2e6 y2c2a w5e ha3\"><div class=\"t m0 x18f h82 y1fa2 ffce fs3b fc2 sc0 ls1 ws32\">&gt;1 year<span class=\"ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c2b w83 ha4\"><div class=\"t m0 x0 h88 y1c18 ffce fs3a fc2 sc0 ls26 ws3d\">Balance, Decem<span class=\"_ _1\"></span>ber 1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2e3 y2c2b w5e ha4\"><div class=\"t m0 x180 h87 y1c18 ffcf fs3a fc2 sc0 ls23 ws39\">17,202<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2e4 y2c2b w5f ha4\"><div class=\"t m0 x19f h87 y1c18 ffd1 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ffcf\"> </span></div></td><td class=\"c x2e5 y2c2b w5e ha4\"><div class=\"t m0 x180 h88 y1c18 ffce fs3a fc2 sc0 ls20 ws36\">14,124<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2e6 y2c2b w5e ha4\"><div class=\"t m0 x1be h88 y1c18 ffd0 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffce\"> </span></div></td></tr><tr><td class=\"c x24b y2c2c w83 h86\"><div class=\"t m0 x0 h88 y1be2 ffce fs3a fc2 sc0 ls26 ws3d\">Transfer to trad<span class=\"_ _1\"></span>e receivables<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2e3 y2c2c w85 h86\"><div class=\"t m0 x191 h87 y1be2 ffcf fs3a fc2 sc0 ls21 ws35\">(458,<span class=\"_ _2\"></span>645)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2e4 y2c2c w5f h86\"><div class=\"t m0 x19f h87 y1be2 ffd1 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ffcf\"> </span></div></td><td class=\"c x2e5 y2c2c w85 h86\"><div class=\"t m0 x17d h88 y1be2 ffce fs3a fc2 sc0 ls20 ws36\">(488,633)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2e6 y2c2c w5e h86\"><div class=\"t m0 x1be h88 y1be2 ffd0 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffce\"> </span></div></td></tr><tr><td class=\"c x246 y2c2d w165 hfa\"><div class=\"t m0 x245 h88 y2933 ffce fs3a fc2 sc0 ls26 ws3d\">Revenue recognis<span class=\"_ _1\"></span>ed (current year<span class=\"_ _195\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x246 y2c2e w166 hfa\"><div class=\"t m0 x245 h88 y2933 ffce fs3a fc2 sc0 ls22 ws37\">perform<span class=\"_ _1\"></span>ance obligati<span class=\"_ _1\"></span>ons)<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x2e7 h87 y2c2f ffcf fs3a fc2 sc0 ls21 ws35\">473,<span class=\"_ _2\"></span>265<span class=\"_ _195\"> </span></td><td class=\"t m0 x2ca h87 y2c2f ffd1 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _195\"> </span></td><td class=\"t m0 x2e8 h88 y2c2f ffce fs3a fc2 sc0 ls20 ws36\">491,711<span class=\"_ _195\"> </span></td><td class=\"c x2e6 y2c30 w5e h8e\"><div class=\"t m0 x1be h88 y1c65 ffd0 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffce\"> </span></div></td></tr><tr><td class=\"c x24b y2c31 w83 h86\"><div class=\"t m0 x0 h87 y1be8 ffcf fs3a fc2 sc0 ls2c ws5a\">Balance, No<span class=\"_ _1\"></span>v<span class=\"_ _2\"></span>ember 30<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2e3 y2c31 w5e h86\"><div class=\"t m0 x180 h87 y1be8 ffcf fs3a fc2 sc0 ls23 ws39\">31,822<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2e4 y2c31 w5f h86\"><div class=\"t m0 x19f h87 y1be8 ffd1 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ffcf\"> </span></div></td><td class=\"c x2e5 y2c31 w5e h86\"><div class=\"t m0 x180 h88 y1be8 ffce fs3a fc2 sc0 ls20 ws36\">17,202<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2e6 y2c31 w5e h86\"><div class=\"t m0 x1be h88 y1be8 ffd0 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffce\"> </span></div></td></tr></table>19<span class=\"ls79 wsa2\">. <span class=\"ls71 wsb3\">Long<span class=\"ls1 ws0\">-term Insurance Claims Receivable </span></span></span>Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span>The G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> mai<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span>ains i<span class=\"_ _2\"></span>nsur<span class=\"_ _2\"></span>anc<span class=\"_ _2\"></span>e t<span class=\"_ _2\"></span>o co<span class=\"_ _2\"></span>ver <span class=\"_ _2\"></span>a nu<span class=\"_ _2\"></span>mber<span class=\"_ _2\"></span> of r<span class=\"_ _2\"></span>isk<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>udi<span class=\"_ _2\"></span>ng em<span class=\"_ _2\"></span>ploy<span class=\"_ _2\"></span>ee he<span class=\"_ _2\"></span>alt<span class=\"_ _2\"></span>h, w<span class=\"_ _2\"></span>orke<span class=\"_ _2\"></span>rs<span class=\"_ _2\"></span>\u2019 compe<span class=\"_ _2\"></span>nsat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>, p<span class=\"_ _2\"></span>olluti<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>, dam<span class=\"_ _2\"></span>ag<span class=\"_ _2\"></span>es to<span class=\"_ _2\"></span> hul<span class=\"_ _2\"></span>l a<span class=\"_ _2\"></span>nd m<span class=\"_ _2\"></span>achi<span class=\"_ _2\"></span>nery<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span> eac<span class=\"_ _2\"></span>h <span class=\"_ _2\"></span>of our<span class=\"_ _2\"></span> shi<span class=\"_ _2\"></span>ps<span class=\"_ _2\"></span>, pr<span class=\"_ _2\"></span>opert<span class=\"_ _2\"></span>y d<span class=\"_ _2\"></span>amag<span class=\"_ _2\"></span>es, war d<span class=\"_ _2\"></span>ama<span class=\"_ _2\"></span>ge an<span class=\"_ _2\"></span>d ge<span class=\"_ _2\"></span>ner<span class=\"_ _2\"></span>al l<span class=\"_ _2\"></span>iabil<span class=\"_ _2\"></span>iti<span class=\"_ _2\"></span>es f<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span> thi<span class=\"_ _2\"></span>rd<span class=\"ls1 ws0\">-<span class=\"ls2f ws2f\">party claims. T<span class=\"_ _2\"></span>he Grou<span class=\"_ _2\"></span><span class=\"ls30 wsab\">p reco<span class=\"_ _2\"></span>gnise<span class=\"_ _2\"></span>s a</span></span> </span>provi<span class=\"_ _2\"></span>sio<span class=\"_ _2\"></span>n f<span class=\"_ _2\"></span>or f<span class=\"_ _2\"></span>utur<span class=\"_ _2\"></span>e expected p<span class=\"_ _2\"></span>ayments<span class=\"_ _2\"></span> to thir<span class=\"_ _2\"></span>d partie<span class=\"_ _2\"></span>s plus self<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls54 ws70\">insured liabilities (deductibles) in respect of all<span class=\"_ _2\"></span> claims </span></span>(see Not<span class=\"_ _2\"></span>e 26).<span class=\"ls1 ws0\"> </span>The G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>se<span class=\"_ _2\"></span>s ins<span class=\"_ _2\"></span>uran<span class=\"_ _2\"></span>ce <span class=\"_ _2\"></span>reimb<span class=\"_ _2\"></span>urse<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>eiv<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span>s fr<span class=\"_ _2\"></span>om <span class=\"_ _2\"></span>insur<span class=\"_ _2\"></span>ers f<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span> thi<span class=\"_ _2\"></span>rd<span class=\"ls1 ws0\">-</span>part<span class=\"_ _2\"></span>y cl<span class=\"_ _2\"></span>aim<span class=\"_ _2\"></span>s at the ti<span class=\"_ _2\"></span>me t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>overy<span class=\"_ _2\"></span> is <span class=\"_ _2\"></span>virt<span class=\"_ _2\"></span>ual<span class=\"_ _2\"></span>ly c<span class=\"_ _2\"></span>ertai<span class=\"_ _2\"></span>n. S<span class=\"_ _2\"></span>ubst<span class=\"_ _2\"></span>ant<span class=\"_ _2\"></span>iall<span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>all<span class=\"ls1 ws0\"> <span class=\"ls53\">of th<span class=\"_ _2\"></span>e long<span class=\"_ _2\"></span></span>-<span class=\"ls48 ws32\">term insurance<span class=\"_ _2\"></span> reimbur<span class=\"_ _2\"></span>sement </span></span>receivables are for claims such a<span class=\"_ _2\"></span>s collision, property d<span class=\"ls49 wsaa\">am<span class=\"_ _2\"></span>age, p<span class=\"_ _2\"></span>ol<span class=\"_ _2\"></span>luti<span class=\"_ _2\"></span>on,<span class=\"_ _2\"></span> envi<span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span>nment<span class=\"_ _2\"></span>al d<span class=\"_ _2\"></span>am<span class=\"_ _2\"></span>age, </span>gener<span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>aver<span class=\"_ _2\"></span>age<span class=\"_ _2\"></span>, inj<span class=\"_ _2\"></span>ury<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> carg<span class=\"_ _2\"></span>o.<span class=\"_ _2\"></span> The l<span class=\"_ _2\"></span>iabil<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>ies<span class=\"_ _2\"></span> asso<span class=\"_ _2\"></span>ciat<span class=\"_ _2\"></span>ed w<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>h the<span class=\"_ _2\"></span> clai<span class=\"_ _2\"></span>ms <span class=\"_ _2\"></span>are e<span class=\"_ _2\"></span>sti<span class=\"_ _2\"></span>mate<span class=\"_ _2\"></span>d ba<span class=\"_ _2\"></span>sed <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>on the specific m<span class=\"_ _2\"></span>erits of <span class=\"_ _2\"></span>the individual cl<span class=\"_ _2\"></span>aims.<span class=\"_ _195\"> </span>At November 30, 2025 and 2024, respectively, the Group included $13.3<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">million and $<span class=\"_ _2\"></span>12.8 millio<span class=\"_ _2\"></span>n</span> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">f<span class=\"_ _2\"></span>or </span></span>long<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">te<span class=\"_ _2\"></span>rm ins<span class=\"_ _2\"></span>uranc<span class=\"_ _2\"></span>e cl<span class=\"_ _2\"></span>aims<span class=\"_ _2\"></span> recei<span class=\"_ _2\"></span>vable<span class=\"_ _2\"></span>s. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span>All of <span class=\"ff15f ls30 ws50\">the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up\u2019s<span class=\"_ _2\"></span></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">i<span class=\"_ _2\"></span>nsur<span class=\"_ _2\"></span>ance p<span class=\"_ _2\"></span>olic<span class=\"_ _2\"></span>ies are<span class=\"_ _2\"></span> s<span class=\"_ _2\"></span>ubjec<span class=\"_ _2\"></span>t to c<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>rage li<span class=\"_ _2\"></span>mi<span class=\"_ _2\"></span>ts, exc<span class=\"_ _2\"></span>lusi<span class=\"_ _2\"></span>ons <span class=\"_ _2\"></span>and d<span class=\"_ _2\"></span>educ<span class=\"_ _2\"></span>tible<span class=\"_ _2\"></span> level<span class=\"_ _2\"></span>s. </span></span>While<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span> belie<span class=\"_ _2\"></span>ves<span class=\"_ _2\"></span> tha<span class=\"_ _2\"></span>t the<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">es<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>imated accr<span class=\"_ _2\"></span>ued claims reser<span class=\"_ _2\"></span>ves are adequ<span class=\"_ _2\"></span>ate, the ult<span class=\"_ _2\"></span>imate </span></span>losses can diffe<span class=\"_ _2\"></span>r.<span class=\"_ _195\"> </span>Concen<span class=\"_ _2\"></span>tration of cr<span class=\"_ _2\"></span>edit risk<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>T<span class=\"ff16d ls2f ws70\">r<span class=\"_ _1\"></span>ade<span class=\"_ _2\"></span> receivables a<span class=\"_ _2\"></span>re from cu<span class=\"_ _2\"></span>stomers acros<span class=\"_ _2\"></span>s all lines <span class=\"_ _2\"></span>of the <span class=\"_ _2\"></span>Group\u2019s busine<span class=\"_ _2\"></span>ss. The <span class=\"_ _2\"></span>Group extend<span class=\"_ _2\"></span>s </span>credit<span class=\"_ _2\"></span> to i<span class=\"_ _2\"></span>ts c<span class=\"_ _2\"></span>ustom<span class=\"_ _2\"></span>ers<span class=\"_ _2\"></span> in t<span class=\"_ _2\"></span>he no<span class=\"_ _2\"></span>rmal<span class=\"_ _2\"></span> cour<span class=\"_ _2\"></span>se of<span class=\"_ _2\"></span> busi<span class=\"_ _2\"></span>nes<span class=\"_ _2\"></span>s. The<span class=\"_ _2\"></span> ma<span class=\"_ _2\"></span>ximum<span class=\"_ _2\"></span> expos<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span> to c<span class=\"_ _2\"></span>redit<span class=\"_ _2\"></span> risk<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> the ne<span class=\"_ _2\"></span>t c<span class=\"_ _2\"></span>ustome<span class=\"_ _2\"></span>r acc<span class=\"_ _2\"></span>ounts<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>eivab<span class=\"_ _2\"></span>le b<span class=\"_ _2\"></span>alance<span class=\"_ _2\"></span>, c<span class=\"_ _2\"></span>ontrac<span class=\"_ _2\"></span>t a<span class=\"_ _2\"></span>ssets <span class=\"_ _2\"></span>a<span class=\"_ _2\"></span><span class=\"ws4f\">nd accr<span class=\"_ _2\"></span>ued reve<span class=\"_ _2\"></span>nue of $<span class=\"ls31 ws53\">35<span class=\"ls1 ws0\">6.6<span class=\"_ _1\"></span> </span></span></span>milli<span class=\"_ _2\"></span>on and<span class=\"_ _2\"></span> cas<span class=\"_ _2\"></span>h bal<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> of $<span class=\"_ _2\"></span><span class=\"ls31 ws53\">144.6 <span class=\"_ _1\"></span><span class=\"ls2f ws70\">millio<span class=\"_ _2\"></span>n. The<span class=\"ls1 ws0\"> </span>Group regula<span class=\"_ _2\"></span>rly reviews its<span class=\"_ _2\"></span> accounts <span class=\"_ _2\"></span>receivable by </span></span>perfo<span class=\"_ _2\"></span>rming<span class=\"_ _2\"></span> credi<span class=\"_ _2\"></span>t c<span class=\"_ _2\"></span>hecks<span class=\"_ _2\"></span> upon<span class=\"_ _2\"></span> ente<span class=\"_ _2\"></span>ring<span class=\"_ _2\"></span> into<span class=\"_ _2\"></span> an <span class=\"_ _2\"></span>initi<span class=\"_ _2\"></span>al s<span class=\"_ _2\"></span>ales c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ract w<span class=\"_ _2\"></span>ith<span class=\"_ _2\"></span> a cus<span class=\"_ _2\"></span>tome<span class=\"_ _2\"></span>r and<span class=\"_ _2\"></span> by<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws52\">the </span>respective busines<span class=\"_ _2\"></span>s controller<span class=\"_ _2\"></span><span class=\"ls30 ws4f\">s reg<span class=\"_ _2\"></span>ularly<span class=\"_ _2\"></span> review<span class=\"_ _2\"></span>ing t<span class=\"_ _2\"></span>he days<span class=\"_ _2\"></span> past d<span class=\"_ _2\"></span>ue acco<span class=\"_ _2\"></span>unts rec<span class=\"_ _2\"></span>eivab<span class=\"_ _2\"></span>le rep<span class=\"_ _2\"></span>orts.<span class=\"_ _2\"></span> </span>The majority o<span class=\"_ _2\"></span>f trade recei<span class=\"_ _2\"></span>vables a<span class=\"_ _2\"></span>re in US<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">do<span class=\"_ _2\"></span>llar<span class=\"_ _2\"></span>s.<span class=\"ls1 ws0\"> </span></span></span>An an<span class=\"_ _2\"></span>alysi<span class=\"_ _2\"></span>s of <span class=\"_ _2\"></span>the ag<span class=\"_ _2\"></span>e o<span class=\"_ _2\"></span>f c<span class=\"_ _2\"></span>ustom<span class=\"_ _2\"></span>er tr<span class=\"_ _2\"></span>ade <span class=\"_ _2\"></span>recei<span class=\"_ _2\"></span>vable<span class=\"_ _2\"></span>s th<span class=\"_ _2\"></span>at a<span class=\"_ _2\"></span>re pas<span class=\"_ _2\"></span>t d<span class=\"_ _2\"></span>ue is<span class=\"_ _2\"></span> as f<span class=\"_ _2\"></span>ollow<span class=\"_ _2\"></span>s:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><table class=\"s w19b h152\" id=\"_0a49ecce-9c32-4f1e-9cd2-11679da91266\"><tr><td></td><td class=\"c x2cb y2e1c wce hb7\"><div class=\"t m0 x182 h85 y1f54 ff16b fs3b fc2 sc0 ls69 wsd6\">As of Nov<span class=\"_ _1\"></span>e<span class=\"_ _2\"></span>mber 30, 20<span class=\"ls1b ws2f\">25</span><span class=\"ls1b ws2f\"><span class=\"ls1 ws0\"> </span></span></div></td><td></td></tr><tr><td class=\"c x246 y2e1d w170 h102\"><div class=\"t m0 x245 h82 y29a6 ff16c fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2f3 h82 y29a7 ff16c fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x2cc y2e1e w20 h83\"><div class=\"t m0 x17d h85 y1f57 ff16b fs3b fc2 sc0 ls65 ws30\">Not Impaired<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e1e w2a h83\"><div class=\"t m0 x18f h85 y1f57 ff16b fs3b fc2 sc0 ls65 ws99\">Impaired<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e1f w6c h86\"><div class=\"t m0 x0 h88 y1be8 ff16c fs3a fc2 sc0 ls24 ws3b\">Current<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e1f w20 h86\"><div class=\"t m0 x180 h87 y1be8 ff16b fs3a fc2 sc0 ls21 ws35\">178,<span class=\"_ _2\"></span>780<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e1f w2a h86\"><div class=\"t m0 x193 h87 y1be8 ff16b fs3a fc2 sc0 ls27 ws3f\">31<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e20 w6c h8a\"><div class=\"t m0 x0 h88 y1c65 ff16c fs3a fc2 sc0 ls20 ws34\">Up to 3<span class=\"_ _2\"></span>0 days pa<span class=\"_ _2\"></span>st due<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e20 w20 h8a\"><div class=\"t m0 x179 h87 y1c65 ff16b fs3a fc2 sc0 ls23 ws39\">69,049<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e20 w2a h8a\"><div class=\"t m0 x177 h87 y1c65 ff16b fs3a fc2 sc0 ls21 ws35\">509<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e21 w6c h86\"><div class=\"t m0 x0 h88 y1bef ff16c fs3a fc2 sc0 ls20 ws34\">31 to 6<span class=\"_ _2\"></span>0 days <span class=\"_ _2\"></span>past due<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e21 w20 h86\"><div class=\"t m0 x179 h87 y1bef ff16b fs3a fc2 sc0 ls23 ws39\">19,962<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e21 w2a h86\"><div class=\"t m0 x177 h87 y1bef ff16b fs3a fc2 sc0 ls21 ws35\">362<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e22 w6c h86\"><div class=\"t m0 x0 h88 y1bf4 ff16c fs3a fc2 sc0 ls20 ws34\">61 to 9<span class=\"_ _2\"></span>0 days <span class=\"_ _2\"></span>past due<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e22 w20 h86\"><div class=\"t m0 x179 h87 y1bf4 ff16b fs3a fc2 sc0 ls23 ws39\">13,213<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e22 w2a h86\"><div class=\"t m0 x177 h87 y1bf4 ff16b fs3a fc2 sc0 ls21 ws35\">202<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e23 w6c h8a\"><div class=\"t m0 x0 h88 y1c3f ff16c fs3a fc2 sc0 ls24 ws3a\">Greater than 91 days past due<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e23 w20 h8a\"><div class=\"t m0 x179 h87 y1c3f ff16b fs3a fc2 sc0 ls23 ws39\">30,769<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e23 w2a h8a\"><div class=\"t m0 x179 h87 y1c3f ff16b fs3a fc2 sc0 ls23 ws39\">22,111<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2cc y2e24 w20 h8b\"><div class=\"t m0 x180 h87 y1bf4 ff16b fs3a fc2 sc0 ls21 ws35\">311,<span class=\"_ _2\"></span>773<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e24 w2a h8b\"><div class=\"t m0 x179 h87 y1bf4 ff16b fs3a fc2 sc0 ls21 ws35\">23,<span class=\"ls66 ws9d\">215</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td></tr></table><table class=\"s w19b h151\" id=\"_6b472ffa-3036-4c7f-8178-4c8aa7a7b817\"><tr><td></td><td class=\"c x2cb y2e14 wce hbe\"><div class=\"t m0 x185 h82 y1eb6 ff16c fs3b fc2 sc0 ls1 ws32\">As of November 30, 20<span class=\"ls1b ws2f\">24</span><span class=\"ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x241 y2e15 w6c hb9\"><div class=\"t m0 x0 h82 y1c7b ff16c fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"c x2cc y2e15 w20 hb9\"><div class=\"t m0 x17a h82 y2307 ff16c fs3b fc2 sc0 ls1 ws9b\">Not Impaired<span class=\"ws0\"> </span></div></td><td class=\"c x244 y2e15 w2a hb9\"><div class=\"t m0 x183 h82 y2307 ff16c fs3b fc2 sc0 ls1d ws31\">Impaired<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e16 w6c h86\"><div class=\"t m0 x0 h88 y1bef ff16c fs3a fc2 sc0 ls24 ws3b\">Current<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e16 w20 h86\"><div class=\"t m0 x181 h88 y1bef ff16c fs3a fc2 sc0 ls20 ws36\">216,899<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e16 w2a h86\"><div class=\"t m0 x171 h88 y1bef ff16c fs3a fc2 sc0 ls20 ws36\">127<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e17 w6c h86\"><div class=\"t m0 x0 h88 y1bf4 ff16c fs3a fc2 sc0 ls20 ws34\">Up to 3<span class=\"_ _2\"></span>0 days pa<span class=\"_ _2\"></span>st due<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e17 w20 h86\"><div class=\"t m0 x183 h88 y1bf4 ff16c fs3a fc2 sc0 ls20 ws36\">60,917<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e17 w2a h86\"><div class=\"t m0 x171 h88 y1bf4 ff16c fs3a fc2 sc0 ls20 ws36\">709<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e18 w6c h8a\"><div class=\"t m0 x0 h88 y1c3f ff16c fs3a fc2 sc0 ls20 ws34\">31 to 6<span class=\"_ _2\"></span>0 days <span class=\"_ _2\"></span>past due<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e18 w20 h8a\"><div class=\"t m0 x183 h88 y1c3f ff16c fs3a fc2 sc0 ls20 ws36\">22,763<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e18 w2a h8a\"><div class=\"t m0 x171 h88 y1c3f ff16c fs3a fc2 sc0 ls20 ws36\">494<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e19 w6c h86\"><div class=\"t m0 x0 h88 y1bf4 ff16c fs3a fc2 sc0 ls20 ws34\">61 to 9<span class=\"_ _2\"></span>0 days <span class=\"_ _2\"></span>past due<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e19 w20 h86\"><div class=\"t m0 x183 h88 y1bf4 ff16c fs3a fc2 sc0 ls20 ws36\">13,106<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e19 w2a h86\"><div class=\"t m0 x171 h88 y1bf4 ff16c fs3a fc2 sc0 ls20 ws36\">323<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e1a w6c h86\"><div class=\"t m0 x0 h88 y1bfa ff16c fs3a fc2 sc0 ls24 ws3a\">Greater than 91 days past due<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e1a w20 h86\"><div class=\"t m0 x183 h88 y1bfa ff16c fs3a fc2 sc0 ls20 ws36\">31,647<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e1a w2a h86\"><div class=\"t m0 x183 h88 y1bfa ff16c fs3a fc2 sc0 ls20 ws36\">19,538<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2cc y2e1b w20 h86\"><div class=\"t m0 x181 h88 y1bf8 ff16c fs3a fc2 sc0 ls20 ws36\">345,332<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e1b w2a h86\"><div class=\"t m0 x183 h88 y1bf8 ff16c fs3a fc2 sc0 ls20 ws36\">21,191<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>No col<span class=\"_ _2\"></span>late<span class=\"_ _2\"></span>ral is<span class=\"_ _2\"></span> hel<span class=\"_ _2\"></span>d on<span class=\"_ _2\"></span> any <span class=\"_ _2\"></span>acco<span class=\"_ _2\"></span>unts <span class=\"_ _2\"></span>recei<span class=\"_ _2\"></span>vable<span class=\"_ _2\"></span>.<span class=\"_ _195\"> </span><span class=\"ls1 ws0\"> </span>The onl<span class=\"_ _2\"></span>y m<span class=\"_ _2\"></span>ateri<span class=\"_ _2\"></span>al los<span class=\"_ _2\"></span>s al<span class=\"_ _2\"></span>low<span class=\"_ _2\"></span>ance he<span class=\"_ _2\"></span>ld ag<span class=\"_ _2\"></span>ains<span class=\"_ _2\"></span>t fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>assets<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>ates t<span class=\"_ _2\"></span>o tr<span class=\"_ _2\"></span>ade re<span class=\"_ _2\"></span>ceivab<span class=\"_ _2\"></span>les<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span>is calculated o<span class=\"_ _2\"></span>n a lifet<span class=\"_ _2\"></span>ime expected los<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">b<span class=\"_ _2\"></span>asi<span class=\"_ _2\"></span>s. The<span class=\"_ _2\"></span>re<span class=\"ls1 ws0\"> <span class=\"ls47 ws82\">have<span class=\"_ _1\"></span> been no chan<span class=\"_ _1\"></span>ges in the esti<span class=\"_ _1\"></span>mation </span></span></span></span>techni<span class=\"_ _2\"></span>ques <span class=\"_ _2\"></span>appli<span class=\"_ _2\"></span>ed i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> calc<span class=\"_ _2\"></span>ula<span class=\"_ _2\"></span>tion o<span class=\"_ _2\"></span>f the<span class=\"_ _2\"></span> los<span class=\"_ _2\"></span>s all<span class=\"_ _2\"></span>owance<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>uring <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span><span class=\"ls2f ws4e\">year<span class=\"ls50 ws7d\">. <span class=\"ls1 ws0\"> </span></span></span>The allowance fo<span class=\"_ _2\"></span>r impairmen<span class=\"_ _2\"></span>t on customer<span class=\"_ _2\"></span> trade receiv<span class=\"_ _2\"></span>ables changed<span class=\"_ _2\"></span> as follows:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><table class=\"s w199 h150\" id=\"_2e28477b-4bdb-41c6-8d41-407a265e5a81\"><tr><td></td><td class=\"c x2cb y2e0a wce h83\"><div class=\"t m0 x171 h82 y1bd2 ff16c fs3b fc2 sc0 ls1 ws32\">As of Nove<span class=\"ls69 wsa2\">mber 30</span><span class=\"ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2e0c w170 h10c\"><div class=\"t m0 x245 h82 y2e0b ff16c fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2f3 h82 y2e0b ff16c fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x2cc y2e0d w20 h83\"><div class=\"t m0 x177 h85 y1bd8 ff16b fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e0d w2a h83\"><div class=\"t m0 x1a0 h82 y1bd8 ff16c fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e0e w6c h93\"><div class=\"t m0 x0 h88 y23b2 ff16c fs3a fc2 sc0 ls22 ws37\">Allowance f<span class=\"_ _1\"></span>or impairment on cu<span class=\"_ _1\"></span>stomer trade <span class=\"ls28 ws0\">and accr<span class=\"_ _2\"></span>ued <span class=\"ls26 ws47\">receivables, </span></span></div><div class=\"t m0 x0 h88 y1c2d ff16c fs3a fc2 sc0 ls22 ws37\">brought f<span class=\"_ _1\"></span>orward<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x380 h87 y2e0f ff16b fs3a fc2 sc0 ls23 ws39\">21,191<span class=\"_ _195\"> </span></td><td class=\"t m0 x248 h88 y2e0f ff16c fs3a fc2 sc0 ls20 ws36\">21,278<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x241 y2e10 w6c h86\"><div class=\"t m0 x0 h88 y1bde ff16c fs3a fc2 sc0 ls2a ws45\">Impair<span class=\"_ _2\"></span>ment<span class=\"ls1 ws0\"> <span class=\"ls26 ws3d\">recognised<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span> net</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"> <span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2cc y2e10 w20 h86\"><div class=\"t m0 x185 h87 y1bde ff16b fs3a fc2 sc0 ls21 ws35\">2,50<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e10 w2a h86\"><div class=\"t m0 x184 h88 y1bde ff16c fs3a fc2 sc0 ls20 ws36\">3,112<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e11 w6c h8b\"><div class=\"t m0 x0 h88 y1c05 ff16c fs3a fc2 sc0 ls24 ws3a\">Accounts written off<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e11 w24 h8b\"><div class=\"t m0 x47 h87 y1c05 ff16b fs3a fc2 sc0 ls21 ws35\">(481)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x382 y2e12 w19a hfb\"><div class=\"t m0 x245 h88 y29ed ff16c fs3a fc2 sc0 ls20 ws36\">(3,199<span class=\"_ _195\"> </span></div><div class=\"t m0 x381 h88 y29ed ff16c fs3a fc2 sc0 ls1 ws0\">)<span class=\"_ _195\"> </span></div></td></tr><tr><td class=\"c x241 y2e13 w6c h8c\"><div class=\"t m0 x0 h87 y1c09 ff16b fs3a fc2 sc0 ls1f ws33\">Balan<span class=\"_ _2\"></span>ce at the en<span class=\"_ _2\"></span>d of th<span class=\"_ _2\"></span>e year<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e13 w20 h8c\"><div class=\"t m0 x179 h87 y1c09 ff16b fs3a fc2 sc0 ls23 ws39\">23,215<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e13 w2a h8c\"><div class=\"t m0 x183 h88 y1c09 ff16c fs3a fc2 sc0 ls20 ws36\">21,191<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>The amount o<span class=\"_ _2\"></span>f the impai<span class=\"_ _2\"></span>rment allowa<span class=\"_ _2\"></span>nce on recei<span class=\"_ _2\"></span>vables is b<span class=\"_ _2\"></span>ased on the<span class=\"_ _2\"></span> age of unpaid<span class=\"_ _2\"></span> balances<span class=\"_ _2\"></span>, inform<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n abou<span class=\"_ _2\"></span>t the cur<span class=\"_ _2\"></span>rent <span class=\"ls2f ws70\">an<span class=\"_ _2\"></span>d expected futu<span class=\"_ _2\"></span>re </span><span class=\"ws50\">fin<span class=\"_ _2\"></span>ancial<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>nditi<span class=\"_ _2\"></span>on o<span class=\"_ _2\"></span>f cus<span class=\"_ _2\"></span>tomers<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>and t<span class=\"_ _2\"></span>he </span>market<span class=\"_ _2\"></span>s in<span class=\"_ _2\"></span> whic<span class=\"_ _2\"></span>h they<span class=\"_ _2\"></span> ope<span class=\"_ _2\"></span>rate<span class=\"_ _2\"></span>, and<span class=\"_ _2\"></span> othe<span class=\"_ _2\"></span>r rele<span class=\"_ _2\"></span>vant<span class=\"_ _2\"></span> inf<span class=\"_ _2\"></span>ormat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>. M<span class=\"_ _2\"></span>anagem<span class=\"_ _2\"></span>ent do<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>not be<span class=\"_ _2\"></span>lieve<span class=\"_ _2\"></span> significant risk<span class=\"_ _2\"></span> exists in<span class=\"_ _2\"></span> connection wi<span class=\"_ _2\"></span>th concentrat<span class=\"_ _2\"></span>ions of c<span class=\"_ _2\"></span>redit as of <span class=\"_ _2\"></span>November<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">30, 20<span class=\"ls1 ws0\">25<span class=\"ls30 ws50\">. There </span></span></span></span>have b<span class=\"_ _2\"></span>een <span class=\"_ _2\"></span>no sig<span class=\"_ _2\"></span>nifi<span class=\"_ _2\"></span>can<span class=\"_ _2\"></span>t cha<span class=\"_ _2\"></span>nges<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span>the im<span class=\"_ _2\"></span>pairm<span class=\"_ _2\"></span>ent <span class=\"_ _2\"></span>allow<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> <span class=\"ws52\">be<span class=\"_ _2\"></span>cause<span class=\"ls1 ws0\"> </span></span>of c<span class=\"_ _2\"></span>hange<span class=\"_ _2\"></span>s in<span class=\"_ _2\"></span> the g<span class=\"_ _2\"></span>ros<span class=\"_ _2\"></span>s carryi<span class=\"_ _2\"></span>ng am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> trade<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">r<span class=\"_ _1\"></span>ece<span class=\"_ _2\"></span>ivables.</span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws4e\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span>There<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> no si<span class=\"_ _2\"></span>gnific<span class=\"_ _2\"></span>ant<span class=\"_ _2\"></span> amo<span class=\"_ _2\"></span>unt<span class=\"_ _2\"></span>s writte<span class=\"_ _2\"></span>n o<span class=\"_ _2\"></span>ff <span class=\"ws52\">t<span class=\"_ _2\"></span>hat<span class=\"ls1 ws0\"> </span></span>are s<span class=\"_ _2\"></span>till<span class=\"_ _2\"></span> subje<span class=\"_ _2\"></span>ct <span class=\"_ _2\"></span>to enf<span class=\"_ _2\"></span>orcem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> acti<span class=\"_ _2\"></span>vity.<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span>The Gr<span class=\"_ _2\"></span>oup\u2019s<span class=\"_ _2\"></span> ca<span class=\"_ _2\"></span>sh is<span class=\"_ _2\"></span> held<span class=\"_ _2\"></span> by a<span class=\"_ _2\"></span> div<span class=\"_ _2\"></span>erse<span class=\"_ _2\"></span> group <span class=\"_ _2\"></span>of<span class=\"_ _2\"></span> financ<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> insti<span class=\"_ _2\"></span>tutio<span class=\"_ _2\"></span>ns,<span class=\"_ _2\"></span> whic<span class=\"_ _2\"></span>h is m<span class=\"_ _2\"></span>onit<span class=\"_ _2\"></span>ored<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>an annual<span class=\"_ _2\"></span> ongoing<span class=\"_ _2\"></span> <span class=\"ls31 ws51\">ba<span class=\"_ _1\"></span>sis by<span class=\"_ _2\"></span> <span class=\"ls30 ws52\">Group<span class=\"_ _2\"></span> Treasury<span class=\"_ _2\"></span>.<span class=\"_ _195\"> </span></span></span>November 30<span class=\"_ _2\"></span>, 20<span class=\"ls1b ws2f\">25</span><span class=\"ls1b ws2f\"><span class=\"ls1 ws0\"> </span></span>November 30, 20<span class=\"ls78 wsbd\">24</span><span class=\"ws0\"> </span>Total c<span class=\"ls65 ws99\">arrying<span class=\"_ _195\"> </span></span>Total carrying<span class=\"_ _195\"> </span>(in<span class=\"_ _195\"> </span><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span>Current<span class=\"ls1 ws0\"> </span>Non<span class=\"ls1 ws0\">-current</span><span class=\"ls1 ws0\"> </span> <span class=\"ls65 ws99\">value</span> Fair <span class=\"ls1 ws0\">v</span>alue<span class=\"ls1 ws0\"> </span>Curre<span class=\"_ _1\"></span>nt<span class=\"ls1 ws0\"> </span>Non-<span class=\"ls1e ws32\">current</span> value<span class=\"_ _195\"> </span>Fair <span class=\"ls1 ws0\">v<span class=\"ls2d ws4a\">alue</span></span><span class=\"ls1 ws0\"> </span>Financial <span class=\"ls1 ws0\">A<span class=\"_ _1\"></span><span class=\"ls27 ws3f\">ssets</span></span><span class=\"ls1 ws0\"><span class=\"ls27 ws3f\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span>Financial<span class=\"_ _2\"></span> assets a<span class=\"_ _2\"></span>t FVTOCI<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Investments in equity instruments<span class=\"ls1 ws0\"> <span class=\"ff180\">\u2013<span class=\"_ _1\"></span><span class=\"ff17f\"> <span class=\"ls29 ws44\">listed</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ff180\"><span class=\"ff17f\"> </span></span></span>\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span>248,<span class=\"_ _2\"></span>350<span class=\"ls1 ws0\"> </span>248,<span class=\"_ _2\"></span>350<span class=\"ls1 ws0\"> </span>248,<span class=\"_ _2\"></span>350<span class=\"ls1 ws0\"> </span>\u2013<span class=\"ff17f\"> </span>205,274<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>205,274<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>205,274<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Financial<span class=\"_ _2\"></span> assets a<span class=\"_ _2\"></span>t amorti<span class=\"_ _2\"></span>sed cos<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\"> </span>Cash and cash equivalents<span class=\"ls1 ws0\"> </span>144,557<span class=\"ls1 ws0\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span>144,557<span class=\"ls1 ws0\"> </span>144,557<span class=\"ls1 ws0\"> </span>334,738<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>\u2013<span class=\"ff17f\"> </span>334,738<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>334,738<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Trade receiv<span class=\"_ _1\"></span>ables<span class=\"ls23 ws4b\">, excluding<span class=\"_ _1\"></span> contract receivab<span class=\"_ _1\"></span>les</span><span class=\"ls23 ws4b\"><span class=\"ls1 ws0\"> </span></span>330,096<span class=\"ls1 ws0\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span>330,<span class=\"_ _2\"></span>096<span class=\"ls1 ws0\"> </span>330,<span class=\"_ _2\"></span>096<span class=\"ls1 ws0\"> </span>359,530<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>\u2013<span class=\"ff17f\"> </span>359,530<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>359,530<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>Loans and advances to joint ventur<span class=\"_ _2\"></span>es<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2e ws4c\">and<span class=\"_ _2\"></span> associates</span></span><span class=\"ls1 ws0\"><span class=\"ls2e ws4c\"><span class=\"ls1 ws0\"> </span></span></span>\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span>72,893<span class=\"ls1 ws0\"> </span>72,893<span class=\"ls1 ws0\"> </span>72,893<span class=\"ls1 ws0\"> </span>\u2013<span class=\"ff17f\"> </span>81,372<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>81,372<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>81,372<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Other curren<span class=\"_ _1\"></span>t assets<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span> </span>31,956<span class=\"ls1 ws0\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span>31,956<span class=\"ls1 ws0\"> </span>31,956<span class=\"ls1 ws0\"> </span>34,885<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>\u2013<span class=\"ff17f\"> </span>34,885<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>34,885<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>506,609<span class=\"ls1 ws0\"> </span>321,<span class=\"_ _2\"></span>243<span class=\"ls1 ws0\"> </span>827,<span class=\"_ _2\"></span>852<span class=\"ls1 ws0\"> </span>827,<span class=\"_ _2\"></span>852<span class=\"ls1 ws0\"> </span>729,153<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>286,646<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>1,015,799<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>1,015,799",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-701": {
   "value": "Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy <span class=\"ls1 ws0\"> </span>Trade<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> ot<span class=\"_ _2\"></span>her r<span class=\"_ _2\"></span>ecei<span class=\"_ _2\"></span>vab<span class=\"_ _2\"></span>les <span class=\"_ _2\"></span>are<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> init<span class=\"_ _2\"></span>iall<span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>at tr<span class=\"_ _2\"></span>ans<span class=\"_ _2\"></span>acti<span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>pric<span class=\"_ _2\"></span>e and<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> s<span class=\"_ _2\"></span>ubseq<span class=\"_ _2\"></span>uentl<span class=\"_ _2\"></span>y <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>stat<span class=\"_ _2\"></span>ed at<span class=\"_ _2\"></span> am<span class=\"_ _2\"></span>orti<span class=\"_ _2\"></span>sed c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>, l<span class=\"_ _2\"></span>ess <span class=\"_ _2\"></span>allo<span class=\"_ _2\"></span>wance<span class=\"_ _2\"></span>s f<span class=\"_ _2\"></span>or<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">expected credit<span class=\"_ _2\"></span> losses. T<span class=\"_ _2\"></span>he Group measure<span class=\"_ _2\"></span>s the</span> </span>loss allo<span class=\"_ _2\"></span>wance for<span class=\"_ _2\"></span> trade r<span class=\"_ _2\"></span>eceiv<span class=\"_ _2\"></span>ables <span class=\"_ _2\"></span>at an amo<span class=\"_ _2\"></span>unt equal t<span class=\"_ _2\"></span>o the<span class=\"_ _2\"></span> lifeti<span class=\"_ _2\"></span>me expect<span class=\"_ _2\"></span>ed credit<span class=\"_ _2\"></span> loss<span class=\"_ _2\"></span>es. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The amount of e<span class=\"_ _2\"></span>xpected credit l<span class=\"_ _2\"></span>osses (or rev<span class=\"_ _2\"></span>ersal) that i<span class=\"_ _2\"></span>s required <span class=\"_ _2\"></span>to adjust the lo<span class=\"_ _2\"></span>ss allowa<span class=\"_ _2\"></span>nce <span class=\"ls1 ws0\"> </span>at t<span class=\"_ _2\"></span>he re<span class=\"_ _2\"></span>por<span class=\"_ _2\"></span>ting<span class=\"_ _2\"></span> dat<span class=\"_ _2\"></span>e to<span class=\"_ _2\"></span> its<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>ogn<span class=\"_ _2\"></span>ised <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nt i<span class=\"_ _2\"></span>s r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d a<span class=\"_ _2\"></span>s an<span class=\"_ _2\"></span> imp<span class=\"_ _2\"></span>airm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> loss<span class=\"_ _2\"></span> or<span class=\"_ _2\"></span> a re<span class=\"_ _2\"></span>ver<span class=\"_ _2\"></span>sal <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>of a<span class=\"_ _2\"></span>n imp<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> los<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> <span class=\"ls73 wsb6\">in<span class=\"_ _1\"></span> the<span class=\"_ _1\"></span> i<span class=\"ls49 wsaa\">nc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> stat<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt.<span class=\"_ _2\"></span> Trad<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>and ot<span class=\"_ _2\"></span>her<span class=\"_ _2\"></span> re<span class=\"_ _2\"></span>ceiv<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> wr<span class=\"_ _2\"></span>itte<span class=\"_ _2\"></span>n off<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></span></span></span>(either pa<span class=\"_ _2\"></span>rtiall<span class=\"_ _2\"></span>y or in f<span class=\"_ _2\"></span>ull) wh<span class=\"_ _2\"></span>en there i<span class=\"_ _2\"></span>s no re<span class=\"_ _2\"></span>asonable<span class=\"_ _2\"></span> expectati<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> recovery.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Contract assets<span class=\"_ _2\"></span> represent the<span class=\"_ _2\"></span> right to re<span class=\"_ _2\"></span>ceive considerati<span class=\"_ _2\"></span>on for goods<span class=\"_ _2\"></span> or services t<span class=\"_ _2\"></span>ransferred to <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>the customer. If the G<span class=\"_ _2\"></span>roup partially s<span class=\"_ _2\"></span>atisfies its performance<span class=\"_ _2\"></span> obligations by tr<span class=\"_ _2\"></span>ansferring goods <span class=\"ls1 ws0\"> </span>or services t<span class=\"_ _2\"></span>o a customer bef<span class=\"_ _2\"></span>ore the cu<span class=\"_ _2\"></span>stomer pays c<span class=\"_ _2\"></span>onsideration <span class=\"_ _2\"></span>or before paymen<span class=\"_ _2\"></span>t is due, <span class=\"_ _2\"></span>a contract asset<span class=\"ls1 ws0\"> <span class=\"ls30 wsab\">is r<span class=\"_ _2\"></span>ecogni<span class=\"_ _2\"></span>sed f<span class=\"_ _2\"></span>or</span> <span class=\"ls49 wsaa\">the <span class=\"_ _2\"></span>earned<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>nsi<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n th<span class=\"_ _2\"></span>at i<span class=\"_ _2\"></span>s cond<span class=\"_ _2\"></span>iti<span class=\"_ _2\"></span>onal<span class=\"_ _2\"></span> o<span class=\"_ _2\"></span>n furt<span class=\"_ _2\"></span>her<span class=\"_ _2\"></span> per<span class=\"_ _2\"></span>form<span class=\"_ _2\"></span>anc<span class=\"_ _2\"></span>e </span></span>obligations being satisfied. <span class=\"ls1 ws0\"> </span>A tra<span class=\"_ _2\"></span>de r<span class=\"_ _2\"></span>ecei<span class=\"_ _2\"></span>vabl<span class=\"_ _2\"></span>e r<span class=\"_ _2\"></span>epre<span class=\"_ _2\"></span>sent<span class=\"_ _2\"></span>s the<span class=\"_ _2\"></span> G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span>\u2019s ri<span class=\"_ _2\"></span>ght<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> an <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>nsid<span class=\"_ _2\"></span>era<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n whe<span class=\"_ _2\"></span>re <span class=\"_ _2\"></span>all p<span class=\"_ _2\"></span>erfo<span class=\"_ _2\"></span>rma<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> obligations have been satisfied.<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">Accrued revenue are tr<span class=\"_ _2\"></span>ade receiv<span class=\"_ _2\"></span>ables which h<span class=\"_ _2\"></span>ave</span> <span class=\"ls48 ws32\">not yet bee<span class=\"_ _2\"></span>n </span></span>invoic<span class=\"_ _2\"></span>ed to<span class=\"_ _2\"></span> cust<span class=\"_ _2\"></span>omer<span class=\"_ _2\"></span>s.<span class=\"ls1 ws0\"> </span>Expected credit<span class=\"_ _2\"></span> losses on tr<span class=\"_ _2\"></span>ade receivable<span class=\"_ _2\"></span>s are calculate<span class=\"_ _2\"></span>d by usi<span class=\"_ _2\"></span>ng the provisio<span class=\"_ _2\"></span>n matrix appro<span class=\"_ _2\"></span>ach. The provision m<span class=\"_ _2\"></span>atrix is determi<span class=\"_ _2\"></span>ned based o<span class=\"_ _2\"></span>n historical <span class=\"_ _2\"></span>observed default rat<span class=\"_ _2\"></span>es over the exp<span class=\"_ _2\"></span>ected life <span class=\"_ _2\"></span>of the t<span class=\"_ _2\"></span>rad<span class=\"_ _2\"></span>e re<span class=\"_ _2\"></span>cei<span class=\"_ _2\"></span>vabl<span class=\"_ _2\"></span>es a<span class=\"_ _2\"></span>nd is<span class=\"_ _2\"></span> adj<span class=\"_ _2\"></span>us<span class=\"_ _2\"></span>ted f<span class=\"_ _2\"></span>or f<span class=\"_ _2\"></span>orwar<span class=\"_ _2\"></span>d<span class=\"ls1 ws0\">-<span class=\"ls53 ws80\">loo<span class=\"ls73 wsac\">king<span class=\"_ _1\"></span> est<span class=\"_ _1\"></span>ima<span class=\"_ _1\"></span>tes.<span class=\"ls1 ws0\"> </span></span></span></span>Provision for expec<span class=\"_ _2\"></span>ted credit<span class=\"_ _2\"></span> losses is m<span class=\"_ _2\"></span>ade when the Gr<span class=\"_ _2\"></span>oup <span class=\"ls48 ws32\">does<span class=\"_ _2\"></span> not ex<span class=\"_ _2\"></span>pect to<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls49 ws7c\">collect<span class=\"_ _2\"></span> all am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span>s </span></span></span>due.<span class=\"_ _2\"></span> Chang<span class=\"_ _2\"></span>es<span class=\"_ _2\"></span> in e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on b<span class=\"_ _2\"></span>asi<span class=\"_ _2\"></span>s or<span class=\"ls1 ws0\"> <span class=\"ls73 wsb5\">in</span> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">eco<span class=\"_ _2\"></span>nomi<span class=\"_ _2\"></span>c c<span class=\"_ _2\"></span>ondi<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>ns co<span class=\"_ _2\"></span>uld<span class=\"_ _2\"></span> lead<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span>a c<span class=\"_ _2\"></span>hang<span class=\"_ _2\"></span>e i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> le<span class=\"_ _2\"></span>vel o<span class=\"_ _2\"></span>f </span></span>provision recorded<span class=\"_ _2\"></span> and, conseq<span class=\"_ _2\"></span>uently, on the c<span class=\"_ _2\"></span>harge or <span class=\"_ _2\"></span>credit to pr<span class=\"_ _2\"></span>ofit or lo<span class=\"_ _2\"></span>ss. <span class=\"ls1 ws0\"> </span>Impairment<span class=\"_ _2\"></span> on recei<span class=\"_ _2\"></span>vables<span class=\"_ _2\"></span> is meas<span class=\"_ _2\"></span>ured as lif<span class=\"_ _2\"></span>etime <span class=\"_ _2\"></span>expected<span class=\"_ _2\"></span> credi<span class=\"_ _2\"></span>t losses.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span>The G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> mai<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span>ains i<span class=\"_ _2\"></span>nsur<span class=\"_ _2\"></span>anc<span class=\"_ _2\"></span>e t<span class=\"_ _2\"></span>o co<span class=\"_ _2\"></span>ver <span class=\"_ _2\"></span>a nu<span class=\"_ _2\"></span>mber<span class=\"_ _2\"></span> of r<span class=\"_ _2\"></span>isk<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>udi<span class=\"_ _2\"></span>ng em<span class=\"_ _2\"></span>ploy<span class=\"_ _2\"></span>ee he<span class=\"_ _2\"></span>alt<span class=\"_ _2\"></span>h, w<span class=\"_ _2\"></span>orke<span class=\"_ _2\"></span>rs<span class=\"_ _2\"></span>\u2019 compe<span class=\"_ _2\"></span>nsat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>, p<span class=\"_ _2\"></span>olluti<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>, dam<span class=\"_ _2\"></span>ag<span class=\"_ _2\"></span>es to<span class=\"_ _2\"></span> hul<span class=\"_ _2\"></span>l a<span class=\"_ _2\"></span>nd m<span class=\"_ _2\"></span>achi<span class=\"_ _2\"></span>nery<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span> eac<span class=\"_ _2\"></span>h <span class=\"_ _2\"></span>of our<span class=\"_ _2\"></span> shi<span class=\"_ _2\"></span>ps<span class=\"_ _2\"></span>, pr<span class=\"_ _2\"></span>opert<span class=\"_ _2\"></span>y d<span class=\"_ _2\"></span>amag<span class=\"_ _2\"></span>es, war d<span class=\"_ _2\"></span>ama<span class=\"_ _2\"></span>ge an<span class=\"_ _2\"></span>d ge<span class=\"_ _2\"></span>ner<span class=\"_ _2\"></span>al l<span class=\"_ _2\"></span>iabil<span class=\"_ _2\"></span>iti<span class=\"_ _2\"></span>es f<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span> thi<span class=\"_ _2\"></span>rd<span class=\"ls1 ws0\">-<span class=\"ls2f ws2f\">party claims. T<span class=\"_ _2\"></span>he Grou<span class=\"_ _2\"></span><span class=\"ls30 wsab\">p reco<span class=\"_ _2\"></span>gnise<span class=\"_ _2\"></span>s a</span></span> </span>provi<span class=\"_ _2\"></span>sio<span class=\"_ _2\"></span>n f<span class=\"_ _2\"></span>or f<span class=\"_ _2\"></span>utur<span class=\"_ _2\"></span>e expected p<span class=\"_ _2\"></span>ayments<span class=\"_ _2\"></span> to thir<span class=\"_ _2\"></span>d partie<span class=\"_ _2\"></span>s plus self<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls54 ws70\">insured liabilities (deductibles) in respect of all<span class=\"_ _2\"></span> claims </span></span>(see Not<span class=\"_ _2\"></span>e 26).<span class=\"ls1 ws0\"> </span>The G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>se<span class=\"_ _2\"></span>s ins<span class=\"_ _2\"></span>uran<span class=\"_ _2\"></span>ce <span class=\"_ _2\"></span>reimb<span class=\"_ _2\"></span>urse<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>eiv<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span>s fr<span class=\"_ _2\"></span>om <span class=\"_ _2\"></span>insur<span class=\"_ _2\"></span>ers f<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span> thi<span class=\"_ _2\"></span>rd<span class=\"ls1 ws0\">-</span>part<span class=\"_ _2\"></span>y cl<span class=\"_ _2\"></span>aim<span class=\"_ _2\"></span>s at the ti<span class=\"_ _2\"></span>me t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>overy<span class=\"_ _2\"></span> is <span class=\"_ _2\"></span>virt<span class=\"_ _2\"></span>ual<span class=\"_ _2\"></span>ly c<span class=\"_ _2\"></span>ertai<span class=\"_ _2\"></span>n. S<span class=\"_ _2\"></span>ubst<span class=\"_ _2\"></span>ant<span class=\"_ _2\"></span>iall<span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>all<span class=\"ls1 ws0\"> <span class=\"ls53\">of th<span class=\"_ _2\"></span>e long<span class=\"_ _2\"></span></span>-<span class=\"ls48 ws32\">term insurance<span class=\"_ _2\"></span> reimbur<span class=\"_ _2\"></span>sement </span></span>receivables are for claims such a<span class=\"_ _2\"></span>s collision, property d<span class=\"ls49 wsaa\">am<span class=\"_ _2\"></span>age, p<span class=\"_ _2\"></span>ol<span class=\"_ _2\"></span>luti<span class=\"_ _2\"></span>on,<span class=\"_ _2\"></span> envi<span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span>nment<span class=\"_ _2\"></span>al d<span class=\"_ _2\"></span>am<span class=\"_ _2\"></span>age, </span>gener<span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>aver<span class=\"_ _2\"></span>age<span class=\"_ _2\"></span>, inj<span class=\"_ _2\"></span>ury<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> carg<span class=\"_ _2\"></span>o.<span class=\"_ _2\"></span> The l<span class=\"_ _2\"></span>iabil<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>ies<span class=\"_ _2\"></span> asso<span class=\"_ _2\"></span>ciat<span class=\"_ _2\"></span>ed w<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>h the<span class=\"_ _2\"></span> clai<span class=\"_ _2\"></span>ms <span class=\"_ _2\"></span>are e<span class=\"_ _2\"></span>sti<span class=\"_ _2\"></span>mate<span class=\"_ _2\"></span>d ba<span class=\"_ _2\"></span>sed <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>on the specific m<span class=\"_ _2\"></span>erits of <span class=\"_ _2\"></span>the individual cl<span class=\"_ _2\"></span>aims.<span class=\"_ _195\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-698": {
   "value": "Expected credit<span class=\"_ _2\"></span> losses on tr<span class=\"_ _2\"></span>ade receivable<span class=\"_ _2\"></span>s are calculate<span class=\"_ _2\"></span>d by usi<span class=\"_ _2\"></span>ng the provisio<span class=\"_ _2\"></span>n matrix appro<span class=\"_ _2\"></span>ach. The provision m<span class=\"_ _2\"></span>atrix is determi<span class=\"_ _2\"></span>ned based o<span class=\"_ _2\"></span>n historical <span class=\"_ _2\"></span>observed default rat<span class=\"_ _2\"></span>es over the exp<span class=\"_ _2\"></span>ected life <span class=\"_ _2\"></span>of the t<span class=\"_ _2\"></span>rad<span class=\"_ _2\"></span>e re<span class=\"_ _2\"></span>cei<span class=\"_ _2\"></span>vabl<span class=\"_ _2\"></span>es a<span class=\"_ _2\"></span>nd is<span class=\"_ _2\"></span> adj<span class=\"_ _2\"></span>us<span class=\"_ _2\"></span>ted f<span class=\"_ _2\"></span>or f<span class=\"_ _2\"></span>orwar<span class=\"_ _2\"></span>d<span class=\"ls1 ws0\">-<span class=\"ls53 ws80\">loo<span class=\"ls73 wsac\">king<span class=\"_ _1\"></span> est<span class=\"_ _1\"></span>ima<span class=\"_ _1\"></span>tes.<span class=\"ls1 ws0\"> </span></span></span></span>Provision for expec<span class=\"_ _2\"></span>ted credit<span class=\"_ _2\"></span> losses is m<span class=\"_ _2\"></span>ade when the Gr<span class=\"_ _2\"></span>oup <span class=\"ls48 ws32\">does<span class=\"_ _2\"></span> not ex<span class=\"_ _2\"></span>pect to<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls49 ws7c\">collect<span class=\"_ _2\"></span> all am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span>s </span></span></span>due.<span class=\"_ _2\"></span> Chang<span class=\"_ _2\"></span>es<span class=\"_ _2\"></span> in e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on b<span class=\"_ _2\"></span>asi<span class=\"_ _2\"></span>s or<span class=\"ls1 ws0\"> <span class=\"ls73 wsb5\">in</span> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">eco<span class=\"_ _2\"></span>nomi<span class=\"_ _2\"></span>c c<span class=\"_ _2\"></span>ondi<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>ns co<span class=\"_ _2\"></span>uld<span class=\"_ _2\"></span> lead<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span>a c<span class=\"_ _2\"></span>hang<span class=\"_ _2\"></span>e i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> le<span class=\"_ _2\"></span>vel o<span class=\"_ _2\"></span>f </span></span>provision recorded<span class=\"_ _2\"></span> and, conseq<span class=\"_ _2\"></span>uently, on the c<span class=\"_ _2\"></span>harge or <span class=\"_ _2\"></span>credit to pr<span class=\"_ _2\"></span>ofit or lo<span class=\"_ _2\"></span>ss. <span class=\"ls1 ws0\"> </span>Impairment<span class=\"_ _2\"></span> on recei<span class=\"_ _2\"></span>vables<span class=\"_ _2\"></span> is meas<span class=\"_ _2\"></span>ured as lif<span class=\"_ _2\"></span>etime <span class=\"_ _2\"></span>expected<span class=\"_ _2\"></span> credi<span class=\"_ _2\"></span>t losses.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>(i<span class=\"ls1 ws0\">v<span class=\"ls4c wsaa\">) Impairment of t<span class=\"_ _2\"></span>angible and <span class=\"_ _2\"></span>intangible <span class=\"_ _2\"></span>assets with fin<span class=\"_ _2\"></span>ite useful lives<span class=\"_ _2\"></span></span> </span>Tangible assets and intangible assets with fi<span class=\"_ _2\"></span>nite lives are tested for impairment if there <span class=\"_ _2\"></span>are indications of im<span class=\"_ _2\"></span>pai<span class=\"_ _2\"></span>rment<span class=\"_ _2\"></span>. T<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>arryi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>amo<span class=\"_ _2\"></span>unt<span class=\"_ _2\"></span>s of t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>Gro<span class=\"_ _2\"></span>up\u2019s<span class=\"_ _2\"></span> tang<span class=\"_ _2\"></span>ibl<span class=\"_ _2\"></span>e and<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nite<span class=\"_ _2\"></span><span class=\"ffe4 ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls54 ws70\">li<span class=\"_ _2\"></span>ved intangible assets are </span></span>revie<span class=\"_ _2\"></span>wed<span class=\"_ _2\"></span> at e<span class=\"_ _2\"></span>ac<span class=\"_ _2\"></span>h bal<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> she<span class=\"_ _2\"></span>et d<span class=\"_ _2\"></span>ate t<span class=\"_ _2\"></span>o d<span class=\"_ _2\"></span>eterm<span class=\"_ _2\"></span>ine<span class=\"_ _2\"></span> w<span class=\"_ _2\"></span><span class=\"ls48 ws32\">hether th<span class=\"_ _2\"></span>ere is<span class=\"ls1 ws0\"> </span></span>any i<span class=\"_ _2\"></span>ndic<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on o<span class=\"_ _2\"></span>f imp<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>. If<span class=\"ls1 ws0\"> <span class=\"ffe5 ls49 wsaa\">any suc<span class=\"_ _2\"></span>h ind<span class=\"_ _2\"></span>icat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> exi<span class=\"_ _2\"></span>sts<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>et\u2019<span class=\"_ _2\"></span>s re<span class=\"_ _2\"></span>cover<span class=\"_ _2\"></span>abl<span class=\"_ _2\"></span>e am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> esti<span class=\"_ _2\"></span>mated<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> dete<span class=\"_ _2\"></span>rmi<span class=\"_ _2\"></span>ne t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>exte<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> </span></span>an<span class=\"_ _1\"></span>y im<span class=\"_ _1\"></span>pair<span class=\"_ _1\"></span>ment l<span class=\"_ _1\"></span>oss<span class=\"_ _1\"></span>. Wher<span class=\"_ _1\"></span>e the<span class=\"_ _1\"></span> ass<span class=\"_ _1\"></span>et doe<span class=\"_ _1\"></span>s not<span class=\"_ _1\"></span> gene<span class=\"_ _1\"></span>rate<span class=\"_ _1\"></span> cash<span class=\"_ _1\"></span> flows<span class=\"_ _1\"></span> tha<span class=\"_ _1\"></span>t are<span class=\"_ _1\"></span> inde<span class=\"_ _1\"></span>pende<span class=\"_ _1\"></span>nt fr<span class=\"_ _1\"></span>om o<span class=\"_ _1\"></span>ther asset<span class=\"_ _2\"></span>s, th<span class=\"_ _2\"></span><span class=\"ls49 wsaa\">e Gro<span class=\"_ _2\"></span>up e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>he r<span class=\"_ _2\"></span>eco<span class=\"_ _2\"></span>verab<span class=\"_ _2\"></span>le <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> ca<span class=\"_ _2\"></span>sh<span class=\"ls1 ws0\">-</span><span class=\"ws7c\">gener<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng u<span class=\"_ _2\"></span>nit<span class=\"ls1 ws0\"> <span class=\"ls4b ws77\">(CGU)<span class=\"_ _2\"></span></span> <span class=\"ls4b ws49\">to which<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he </span></span></span></span>asset<span class=\"_ _2\"></span> bel<span class=\"_ _2\"></span>ong<span class=\"_ _2\"></span>s. S<span class=\"_ _2\"></span>hip n<span class=\"_ _2\"></span>ewb<span class=\"_ _2\"></span>uild<span class=\"_ _2\"></span>ings<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> oth<span class=\"_ _2\"></span>er <span class=\"_ _2\"></span>asset<span class=\"_ _2\"></span>s u<span class=\"_ _2\"></span>nder<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ucti<span class=\"_ _2\"></span>on ar<span class=\"_ _2\"></span>e te<span class=\"_ _2\"></span>sted<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span> imp<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> when<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span>re i<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>n indi<span class=\"_ _2\"></span>cat<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>of im<span class=\"_ _2\"></span>pai<span class=\"_ _2\"></span>rme<span class=\"_ _2\"></span>nt. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> me<span class=\"_ _2\"></span>asure<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>he re<span class=\"_ _2\"></span>cov<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>able <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nt o<span class=\"_ _2\"></span>f as<span class=\"_ _2\"></span>set<span class=\"_ _2\"></span>s by<span class=\"_ _2\"></span> comp<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>heir<span class=\"_ _2\"></span> car<span class=\"_ _2\"></span>ryi<span class=\"_ _2\"></span>ng am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> wit<span class=\"_ _2\"></span>h t<span class=\"_ _2\"></span>he higher of their fair value less cost<span class=\"_ _2\"></span>s of<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">dispos<span class=\"_ _2\"></span>al (<span class=\"_ _2\"></span>FVLC<span class=\"_ _2\"></span>D) or<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue i<span class=\"_ _2\"></span>n use<span class=\"_ _2\"></span> (VI<span class=\"_ _2\"></span>U).<span class=\"_ _2\"></span></span> </span>FVLCD is d<span class=\"_ _2\"></span>etermi<span class=\"_ _2\"></span>ned as t<span class=\"_ _2\"></span>he amo<span class=\"_ _2\"></span>unt that<span class=\"_ _2\"></span> would be <span class=\"_ _2\"></span>obtain<span class=\"_ _2\"></span>ed from t<span class=\"_ _2\"></span>he sale <span class=\"_ _2\"></span>of the <span class=\"_ _2\"></span>asset i<span class=\"_ _2\"></span>n an orde<span class=\"_ _2\"></span>rly transaction between market p<span class=\"_ _2\"></span>articipants. FVLCD is<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">gen<span class=\"_ _2\"></span>erall<span class=\"_ _2\"></span>y d<span class=\"_ _2\"></span>eter<span class=\"_ _2\"></span>mi<span class=\"_ _2\"></span>ned a<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>he pr<span class=\"_ _2\"></span>ese<span class=\"_ _2\"></span>nt val<span class=\"_ _2\"></span>ue<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he </span></span>estimated future<span class=\"_ _2\"></span> cash flows expe<span class=\"_ _2\"></span>cted to <span class=\"_ _2\"></span>arise from the <span class=\"_ _2\"></span>cont<span class=\"ls49 wsaa\">inue<span class=\"_ _2\"></span>d <span class=\"_ _2\"></span>use of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> as<span class=\"_ _2\"></span>set<span class=\"_ _2\"></span>, i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> any<span class=\"_ _2\"></span> </span>expa<span class=\"_ _2\"></span>nsio<span class=\"_ _2\"></span>n pro<span class=\"_ _2\"></span>ject<span class=\"_ _2\"></span>s,<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> its<span class=\"_ _2\"></span> even<span class=\"_ _2\"></span>tual<span class=\"_ _2\"></span> di<span class=\"_ _2\"></span>spos<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>, usi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>assum<span class=\"_ _2\"></span>pti<span class=\"_ _2\"></span>ons t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> an i<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span>epen<span class=\"_ _2\"></span>dent<span class=\"_ _2\"></span> mark<span class=\"_ _2\"></span>et parti<span class=\"_ _2\"></span>cip<span class=\"_ _2\"></span>ant<span class=\"_ _2\"></span> may t<span class=\"_ _2\"></span>ake<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>o a<span class=\"_ _2\"></span>ccoun<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>. The<span class=\"_ _2\"></span>se c<span class=\"_ _2\"></span>ash f<span class=\"_ _2\"></span>lows<span class=\"_ _2\"></span> ar<span class=\"_ _2\"></span>e di<span class=\"_ _2\"></span>scou<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>d at<span class=\"_ _2\"></span> an<span class=\"ls1 ws0\"> </span>appr<span class=\"_ _2\"></span>opr<span class=\"_ _2\"></span>iate<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> arr<span class=\"_ _2\"></span>ive <span class=\"_ _2\"></span>at a net p<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>sent<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue o<span class=\"_ _2\"></span>f <span class=\"ls4b ws49\">t<span class=\"_ _2\"></span>he a<span class=\"_ _2\"></span>sset.<span class=\"_ _195\"> </span></span>VIU is det<span class=\"_ _2\"></span>ermined <span class=\"_ _2\"></span>as the p<span class=\"_ _2\"></span>resent <span class=\"_ _2\"></span>value of t<span class=\"_ _2\"></span>he est<span class=\"_ _2\"></span>imated f<span class=\"_ _2\"></span>uture ca<span class=\"_ _2\"></span>sh flo<span class=\"_ _2\"></span>ws expect<span class=\"_ _2\"></span>ed to ari<span class=\"_ _2\"></span>se fr<span class=\"_ _2\"></span>om the continued <span class=\"_ _2\"></span>use of t<span class=\"_ _2\"></span>he a<span class=\"_ _2\"></span>sset in its<span class=\"_ _2\"></span> prese<span class=\"_ _2\"></span>nt form <span class=\"_ _2\"></span>and it<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls54 ws70\">eventual di<span class=\"_ _2\"></span>sposal. VIU is determined by <span class=\"_ _2\"></span>applying </span></span>assu<span class=\"_ _2\"></span>mpti<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span> spec<span class=\"_ _2\"></span>ifi<span class=\"_ _2\"></span>c to<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Gro<span class=\"_ _2\"></span>up\u2019s<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntinu<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>use <span class=\"_ _2\"></span>a<span class=\"ffe9\">nd c<span class=\"_ _2\"></span>annot<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>ake<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>o acc<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> fut<span class=\"_ _2\"></span>ure <span class=\"_ _2\"></span>de<span class=\"_ _2\"></span>velop<span class=\"_ _2\"></span>me<span class=\"_ _2\"></span>nt. </span>These<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls49 ws7c\">assumpt<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>s are d<span class=\"_ _2\"></span>iff<span class=\"_ _2\"></span>erent<span class=\"_ _2\"></span> from<span class=\"_ _2\"></span> those<span class=\"_ _2\"></span> used i<span class=\"_ _2\"></span>n calc<span class=\"_ _2\"></span>ulat<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> fair val<span class=\"_ _2\"></span>ue a<span class=\"_ _2\"></span>nd con<span class=\"_ _2\"></span>seque<span class=\"_ _2\"></span>ntly<span class=\"_ _2\"></span> the val<span class=\"_ _2\"></span>ue<span class=\"_ _2\"></span> </span></span>in<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">use calc<span class=\"_ _2\"></span>ulat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> likel<span class=\"_ _2\"></span>y t<span class=\"_ _2\"></span>o gi<span class=\"_ _2\"></span>ve a d<span class=\"_ _2\"></span>iff<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>nt r<span class=\"_ _2\"></span>esult<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> a f<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue ca<span class=\"_ _2\"></span>lcul<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on.<span class=\"_ _2\"></span></span> </span>An imp<span class=\"_ _2\"></span>airm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss is<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> whe<span class=\"_ _2\"></span>neve<span class=\"_ _2\"></span>r the<span class=\"_ _2\"></span> ca<span class=\"_ _2\"></span>rryi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nt o<span class=\"_ _2\"></span>f a<span class=\"_ _2\"></span>n as<span class=\"_ _2\"></span>set o<span class=\"_ _2\"></span>r it<span class=\"_ _2\"></span>s <span class=\"ls53 ws80\">C<span class=\"_ _2\"></span>GU<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">exceeds its </span></span></span>reco<span class=\"_ _2\"></span>verab<span class=\"_ _2\"></span>le<span class=\"_ _2\"></span> amo<span class=\"_ _2\"></span>unt.<span class=\"_ _2\"></span> Imp<span class=\"_ _2\"></span>airme<span class=\"_ _2\"></span>nt <span class=\"_ _2\"></span>loss<span class=\"_ _2\"></span>es a<span class=\"_ _2\"></span>re r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d in t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> inc<span class=\"_ _2\"></span>ome s<span class=\"_ _2\"></span>tate<span class=\"_ _2\"></span>me<span class=\"_ _2\"></span>nt. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>An imp<span class=\"_ _2\"></span>airm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss, <span class=\"_ _2\"></span>othe<span class=\"_ _2\"></span>r t<span class=\"_ _2\"></span>han f<span class=\"_ _2\"></span>or g<span class=\"_ _2\"></span>ood<span class=\"_ _2\"></span>will<span class=\"_ _2\"></span>, i<span class=\"_ _2\"></span>s rev<span class=\"_ _2\"></span>ers<span class=\"_ _2\"></span>ed wh<span class=\"_ _2\"></span>en t<span class=\"_ _2\"></span>here<span class=\"_ _2\"></span> is <span class=\"_ _2\"></span>an i<span class=\"_ _2\"></span>ndic<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on t<span class=\"_ _2\"></span>hat t<span class=\"_ _2\"></span>he impairment loss may no longer exist <span class=\"_ _2\"></span>and there has been a<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">change i<span class=\"_ _2\"></span>n the estim<span class=\"_ _2\"></span>ates u<span class=\"_ _2\"></span>sed to d<span class=\"_ _2\"></span>etermin<span class=\"_ _2\"></span>e </span></span>the rec<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>rabl<span class=\"_ _2\"></span>e amo<span class=\"_ _2\"></span>unt.<span class=\"_ _195\"> </span>Good<span class=\"_ _2\"></span>will i<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>all<span class=\"_ _2\"></span>y re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>nised<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> cos<span class=\"_ _2\"></span>t a<span class=\"_ _2\"></span>nd i<span class=\"_ _2\"></span>s sub<span class=\"_ _2\"></span>seq<span class=\"_ _2\"></span>uentl<span class=\"_ _2\"></span>y m<span class=\"_ _2\"></span>easu<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>d at c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span> les<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>ny ac<span class=\"_ _2\"></span>cum<span class=\"_ _2\"></span>ulat<span class=\"_ _2\"></span>ed impairment losses. Goodwill is<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">allocat<span class=\"_ _2\"></span>ed t<span class=\"_ _2\"></span>o c<span class=\"_ _2\"></span>ash<span class=\"_ _2\"></span></span>-<span class=\"ls49 ws7c\">generat<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> unit<span class=\"_ _2\"></span>s</span> <span class=\"ls53 ws80\">(CGU</span>) <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">and<span class=\"_ _2\"></span> is <span class=\"_ _2\"></span>not <span class=\"_ _2\"></span>amor<span class=\"_ _2\"></span>tise<span class=\"_ _2\"></span>d b<span class=\"_ _2\"></span>ut i<span class=\"_ _2\"></span>s </span></span>teste<span class=\"_ _2\"></span>d a<span class=\"_ _2\"></span>nnual<span class=\"_ _2\"></span>ly f<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span> impai<span class=\"_ _2\"></span>rme<span class=\"_ _2\"></span>nt,<span class=\"_ _2\"></span> or m<span class=\"_ _2\"></span>ore f<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>quentl<span class=\"_ _2\"></span>y w<span class=\"_ _2\"></span>hen t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span>re i<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>n ind<span class=\"_ _2\"></span>icat<span class=\"_ _2\"></span>ion t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>at the<span class=\"_ _2\"></span> CGU<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> impai<span class=\"_ _2\"></span>red<span class=\"_ _2\"></span>. Wit<span class=\"_ _2\"></span>h re<span class=\"_ _2\"></span>spec<span class=\"_ _2\"></span>t t<span class=\"_ _2\"></span>o a<span class=\"_ _2\"></span>ssoci<span class=\"_ _2\"></span>at<span class=\"_ _2\"></span>es a<span class=\"_ _2\"></span>nd j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> ve<span class=\"_ _2\"></span>nture<span class=\"_ _2\"></span>s, t<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>arry<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>g amo<span class=\"_ _2\"></span>unt<span class=\"_ _2\"></span> of g<span class=\"_ _2\"></span>ood<span class=\"_ _2\"></span>will i<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>uded<span class=\"_ _2\"></span> in the carrying amount of<span class=\"_ _2\"></span> the i<span class=\"ls49 wsaa\">nv<span class=\"_ _2\"></span>estm<span class=\"_ _2\"></span>ent i<span class=\"_ _2\"></span>n th<span class=\"_ _2\"></span>e as<span class=\"_ _2\"></span>soci<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span> or j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> ve<span class=\"_ _2\"></span>nture<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></span>Goodwill is tested for impairment on <span class=\"_ _2\"></span>an annual basis for each CGU to which th<span class=\"_ _2\"></span>e goodwill is allocated. When goodwill is monitored at the<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">level<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>a gr<span class=\"_ _2\"></span>oup o<span class=\"_ _2\"></span>f C<span class=\"_ _2\"></span>GUs,<span class=\"_ _2\"></span> it i<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>est<span class=\"_ _2\"></span>ed f<span class=\"_ _2\"></span>or imp<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> le<span class=\"_ _2\"></span>vel.<span class=\"_ _2\"></span> </span></span>The Gro<span class=\"_ _2\"></span>up\u2019s<span class=\"_ _2\"></span> <span class=\"ff10e ls49 ws78\">unimp<span class=\"_ _2\"></span>aired<span class=\"_ _2\"></span> <span class=\"wsaa\">good<span class=\"_ _2\"></span>will<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>ates<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> Tank<span class=\"_ _2\"></span>ers<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> Tank<span class=\"_ _2\"></span> C<span class=\"_ _2\"></span>ontai<span class=\"_ _2\"></span>ner <span class=\"_ _2\"></span>segm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s.<span class=\"_ _195\"> </span></span></span>(i) Impa<span class=\"_ _2\"></span>irme<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>As requir<span class=\"_ _2\"></span>ed by I<span class=\"_ _2\"></span>FRS 9, t<span class=\"_ _2\"></span>he Group <span class=\"_ _2\"></span>adopted <span class=\"_ _2\"></span>an <span class=\"ff175 ls1 ws0\">\u2018</span><span class=\"ls2f ws2f\">expected credit l<span class=\"_ _2\"></span>oss model<span class=\"ff175 ls49 ws78\">\u2019,<span class=\"_ _2\"></span></span><span class=\"ls1 ws0\"> </span></span>which requir<span class=\"_ _2\"></span>es the <span class=\"_ _2\"></span>Group to account for exp<span class=\"_ _2\"></span>ected credit lo<span class=\"_ _2\"></span>sses and c<span class=\"_ _2\"></span>hanges in<span class=\"ls1 ws0\"> <span class=\"ls4b ws77\">those<span class=\"_ _2\"></span></span> </span>expected credit los<span class=\"_ _2\"></span>ses at each yea<span class=\"_ _2\"></span>r end or half<span class=\"ls1 ws0\"> </span><span class=\"wsaa\">ye<span class=\"_ _2\"></span>ar to<span class=\"_ _2\"></span> ref<span class=\"_ _2\"></span>lect<span class=\"_ _2\"></span> ch<span class=\"_ _2\"></span>anges<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> cre<span class=\"_ _2\"></span>dit r<span class=\"_ _2\"></span>isk <span class=\"_ _2\"></span>sinc<span class=\"_ _2\"></span>e i<span class=\"_ _2\"></span>nitial<span class=\"_ _2\"></span> re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on. I<span class=\"_ _2\"></span>n o<span class=\"_ _2\"></span>ther<span class=\"_ _2\"></span> word<span class=\"_ _2\"></span>s,<span class=\"_ _2\"></span> it i<span class=\"_ _2\"></span>s no<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>nger<span class=\"_ _2\"></span> </span>necessary for a<span class=\"_ _2\"></span> credit event t<span class=\"_ _2\"></span>o have <span class=\"_ _2\"></span>occurred before c<span class=\"_ _2\"></span>redit lo<span class=\"_ _2\"></span>sses are recogni<span class=\"_ _2\"></span>sed. Credit lo<span class=\"_ _2\"></span>sses are calc<span class=\"_ _2\"></span>ulat<span class=\"_ _2\"></span>ed as<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls61 ws89\">the<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">pres<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue o<span class=\"_ _2\"></span>f the<span class=\"_ _2\"></span> dif<span class=\"_ _2\"></span>fere<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> bet<span class=\"_ _2\"></span>wee<span class=\"_ _2\"></span>n all<span class=\"_ _2\"></span></span> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>rac<span class=\"_ _2\"></span>tual c<span class=\"_ _2\"></span>as<span class=\"_ _2\"></span>h fl<span class=\"_ _2\"></span>ows t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> are <span class=\"_ _2\"></span>due<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> </span></span></span></span>all c<span class=\"ls48 ws32\">ash fl<span class=\"_ _2\"></span>ows that t<span class=\"_ _2\"></span>he entit<span class=\"_ _2\"></span>y expe<span class=\"_ _2\"></span>cts to r<span class=\"_ _2\"></span>eceive. E<span class=\"_ _2\"></span>xpected<span class=\"_ _2\"></span> credit l<span class=\"_ _2\"></span>osses a<span class=\"_ _2\"></span>re the<span class=\"_ _2\"></span> sum of <span class=\"_ _2\"></span>all pos<span class=\"_ _2\"></span>sible </span>credit losses, weighted by their probability of occurrence.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The <span class=\"ff175 ls1 ws0\">\u2018<span class=\"_ _1\"></span><span class=\"ff174 ls54 ws83\">12<span class=\"ls1 ws0\">-<span class=\"ls2f ws2f\">month expected<span class=\"_ _2\"></span> credit losses<span class=\"_ _2\"></span></span><span class=\"ff175\">\u2019</span> <span class=\"_ _1\"></span><span class=\"ls54 ws70\">approach is applied to all f<span class=\"_ _2\"></span>inancial assets with the exception of </span></span></span></span>trade receivable<span class=\"_ _2\"></span>s and advance<span class=\"_ _2\"></span>s to<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">joint<span class=\"_ _2\"></span> vent<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>s. Bo<span class=\"_ _2\"></span>th</span> <span class=\"ls49 wsaa\">the<span class=\"_ _2\"></span>se a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span> cl<span class=\"_ _2\"></span>ass<span class=\"_ _2\"></span>es ge<span class=\"_ _2\"></span>ner<span class=\"_ _2\"></span>ally d<span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>not c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ain <span class=\"_ _2\"></span>a </span></span>significant financing component. For these assets, the Gro<span class=\"_ _2\"></span>up applies the simplified approach permitted by<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls54 ws70\">IFRS 9<span class=\"_ _2\"></span>, which requires expected lifetime losses to<span class=\"_ _2\"></span> be recognised from initial reco<span class=\"ls49 ws78\">g<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on </span></span></span>of th<span class=\"_ _2\"></span>e re<span class=\"_ _2\"></span>cei<span class=\"_ _2\"></span>vabl<span class=\"_ _2\"></span>es, <span class=\"_ _2\"></span>net <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>any <span class=\"_ _2\"></span>allo<span class=\"_ _2\"></span>wance<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>sses.<span class=\"_ _2\"></span> Th<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> </span>allo<span class=\"_ _2\"></span>wance<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss me<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt i<span class=\"_ _2\"></span>s de<span class=\"_ _2\"></span>termi<span class=\"_ _2\"></span>ned<span class=\"_ _2\"></span> by apply<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> a si<span class=\"ls54 ws70\">mplified approach equalling the<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">lifetime expe<span class=\"_ _2\"></span>cted credit los<span class=\"_ _2\"></span>ses. </span> </span></span>Under the simplified approach, the tracking of c<span class=\"_ _2\"></span>hanges in credit risk is not required, but i<span class=\"_ _2\"></span>nstead <span class=\"ls1 ws0\"> </span>the base li<span class=\"_ _2\"></span>fetime <span class=\"_ _2\"></span>expecte<span class=\"_ _2\"></span>d credit l<span class=\"_ _2\"></span>oss <span class=\"_ _2\"></span>at<span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">all</span> <span class=\"ls54 ws70\">times is applied. An allowance for loss is made for </span></span>potentially impaired receivables during the year in which <span class=\"_ _2\"></span>they are identified based on <span class=\"_ _2\"></span>a periodic review of all<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>outst<span class=\"_ _2\"></span>andi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nts.<span class=\"_ _2\"></span> Lo<span class=\"_ _2\"></span>sses <span class=\"_ _2\"></span>are r<span class=\"_ _2\"></span>eco<span class=\"_ _2\"></span>rded<span class=\"_ _2\"></span> wit<span class=\"_ _2\"></span>hin <span class=\"_ _2\"></span>sell<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span>, m<span class=\"_ _2\"></span>arke<span class=\"_ _2\"></span>tin<span class=\"_ _2\"></span>g and<span class=\"_ _2\"></span> dis<span class=\"_ _2\"></span>trib<span class=\"_ _2\"></span>uti<span class=\"_ _2\"></span>on ex<span class=\"_ _2\"></span>pen<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws78\">in </span>the i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent.<span class=\"_ _2\"></span> Tr<span class=\"_ _2\"></span>ade<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>eivab<span class=\"_ _2\"></span>les<span class=\"_ _2\"></span> are d<span class=\"_ _2\"></span>eem<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>as i<span class=\"_ _2\"></span>mpai<span class=\"_ _2\"></span>red <span class=\"_ _2\"></span>when<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span>re i<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>n indi<span class=\"_ _2\"></span>cat<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>of significant <span class=\"_ _1\"></span><span class=\"ws70\">financial diffic<span class=\"_ _2\"></span>ulties of the debtor (delinquency in or default on payments oc<span class=\"_ _2\"></span>curs, </span>probability of ban<span class=\"_ _1\"></span>k<span class=\"_ _2\"></span>ruptcy or ne<span class=\"_ _1\"></span>e<span class=\"_ _2\"></span>d for financia<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span> reorganisation).<span class=\"ls1 ws0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-692": {
   "value": "Expected credit<span class=\"_ _2\"></span> losses on tr<span class=\"_ _2\"></span>ade receivable<span class=\"_ _2\"></span>s are calculate<span class=\"_ _2\"></span>d by usi<span class=\"_ _2\"></span>ng the provisio<span class=\"_ _2\"></span>n matrix appro<span class=\"_ _2\"></span>ach. The provision m<span class=\"_ _2\"></span>atrix is determi<span class=\"_ _2\"></span>ned based o<span class=\"_ _2\"></span>n historical <span class=\"_ _2\"></span>observed default rat<span class=\"_ _2\"></span>es over the exp<span class=\"_ _2\"></span>ected life <span class=\"_ _2\"></span>of the t<span class=\"_ _2\"></span>rad<span class=\"_ _2\"></span>e re<span class=\"_ _2\"></span>cei<span class=\"_ _2\"></span>vabl<span class=\"_ _2\"></span>es a<span class=\"_ _2\"></span>nd is<span class=\"_ _2\"></span> adj<span class=\"_ _2\"></span>us<span class=\"_ _2\"></span>ted f<span class=\"_ _2\"></span>or f<span class=\"_ _2\"></span>orwar<span class=\"_ _2\"></span>d<span class=\"ls1 ws0\">-<span class=\"ls53 ws80\">loo<span class=\"ls73 wsac\">king<span class=\"_ _1\"></span> est<span class=\"_ _1\"></span>ima<span class=\"_ _1\"></span>tes.<span class=\"ls1 ws0\"> </span></span></span></span>Provision for expec<span class=\"_ _2\"></span>ted credit<span class=\"_ _2\"></span> losses is m<span class=\"_ _2\"></span>ade when the Gr<span class=\"_ _2\"></span>oup <span class=\"ls48 ws32\">does<span class=\"_ _2\"></span> not ex<span class=\"_ _2\"></span>pect to<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls49 ws7c\">collect<span class=\"_ _2\"></span> all am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span>s </span></span></span>due.<span class=\"_ _2\"></span> Chang<span class=\"_ _2\"></span>es<span class=\"_ _2\"></span> in e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on b<span class=\"_ _2\"></span>asi<span class=\"_ _2\"></span>s or<span class=\"ls1 ws0\"> <span class=\"ls73 wsb5\">in</span> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">eco<span class=\"_ _2\"></span>nomi<span class=\"_ _2\"></span>c c<span class=\"_ _2\"></span>ondi<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>ns co<span class=\"_ _2\"></span>uld<span class=\"_ _2\"></span> lead<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span>a c<span class=\"_ _2\"></span>hang<span class=\"_ _2\"></span>e i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> le<span class=\"_ _2\"></span>vel o<span class=\"_ _2\"></span>f </span></span>provision recorded<span class=\"_ _2\"></span> and, conseq<span class=\"_ _2\"></span>uently, on the c<span class=\"_ _2\"></span>harge or <span class=\"_ _2\"></span>credit to pr<span class=\"_ _2\"></span>ofit or lo<span class=\"_ _2\"></span>ss. <span class=\"ls1 ws0\"> </span>Impairment<span class=\"_ _2\"></span> on recei<span class=\"_ _2\"></span>vables<span class=\"_ _2\"></span> is meas<span class=\"_ _2\"></span>ured as lif<span class=\"_ _2\"></span>etime <span class=\"_ _2\"></span>expected<span class=\"_ _2\"></span> credi<span class=\"_ _2\"></span>t losses.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>(i) Impa<span class=\"_ _2\"></span>irme<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>As requir<span class=\"_ _2\"></span>ed by I<span class=\"_ _2\"></span>FRS 9, t<span class=\"_ _2\"></span>he Group <span class=\"_ _2\"></span>adopted <span class=\"_ _2\"></span>an <span class=\"ff175 ls1 ws0\">\u2018</span><span class=\"ls2f ws2f\">expected credit l<span class=\"_ _2\"></span>oss model<span class=\"ff175 ls49 ws78\">\u2019,<span class=\"_ _2\"></span></span><span class=\"ls1 ws0\"> </span></span>which requir<span class=\"_ _2\"></span>es the <span class=\"_ _2\"></span>Group to account for exp<span class=\"_ _2\"></span>ected credit lo<span class=\"_ _2\"></span>sses and c<span class=\"_ _2\"></span>hanges in<span class=\"ls1 ws0\"> <span class=\"ls4b ws77\">those<span class=\"_ _2\"></span></span> </span>expected credit los<span class=\"_ _2\"></span>ses at each yea<span class=\"_ _2\"></span>r end or half<span class=\"ls1 ws0\"> </span><span class=\"wsaa\">ye<span class=\"_ _2\"></span>ar to<span class=\"_ _2\"></span> ref<span class=\"_ _2\"></span>lect<span class=\"_ _2\"></span> ch<span class=\"_ _2\"></span>anges<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> cre<span class=\"_ _2\"></span>dit r<span class=\"_ _2\"></span>isk <span class=\"_ _2\"></span>sinc<span class=\"_ _2\"></span>e i<span class=\"_ _2\"></span>nitial<span class=\"_ _2\"></span> re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on. I<span class=\"_ _2\"></span>n o<span class=\"_ _2\"></span>ther<span class=\"_ _2\"></span> word<span class=\"_ _2\"></span>s,<span class=\"_ _2\"></span> it i<span class=\"_ _2\"></span>s no<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>nger<span class=\"_ _2\"></span> </span>necessary for a<span class=\"_ _2\"></span> credit event t<span class=\"_ _2\"></span>o have <span class=\"_ _2\"></span>occurred before c<span class=\"_ _2\"></span>redit lo<span class=\"_ _2\"></span>sses are recogni<span class=\"_ _2\"></span>sed. Credit lo<span class=\"_ _2\"></span>sses are calc<span class=\"_ _2\"></span>ulat<span class=\"_ _2\"></span>ed as<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls61 ws89\">the<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">pres<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue o<span class=\"_ _2\"></span>f the<span class=\"_ _2\"></span> dif<span class=\"_ _2\"></span>fere<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> bet<span class=\"_ _2\"></span>wee<span class=\"_ _2\"></span>n all<span class=\"_ _2\"></span></span> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>rac<span class=\"_ _2\"></span>tual c<span class=\"_ _2\"></span>as<span class=\"_ _2\"></span>h fl<span class=\"_ _2\"></span>ows t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> are <span class=\"_ _2\"></span>due<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> </span></span></span></span>all c<span class=\"ls48 ws32\">ash fl<span class=\"_ _2\"></span>ows that t<span class=\"_ _2\"></span>he entit<span class=\"_ _2\"></span>y expe<span class=\"_ _2\"></span>cts to r<span class=\"_ _2\"></span>eceive. E<span class=\"_ _2\"></span>xpected<span class=\"_ _2\"></span> credit l<span class=\"_ _2\"></span>osses a<span class=\"_ _2\"></span>re the<span class=\"_ _2\"></span> sum of <span class=\"_ _2\"></span>all pos<span class=\"_ _2\"></span>sible </span>credit losses, weighted by their probability of occurrence.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The <span class=\"ff175 ls1 ws0\">\u2018<span class=\"_ _1\"></span><span class=\"ff174 ls54 ws83\">12<span class=\"ls1 ws0\">-<span class=\"ls2f ws2f\">month expected<span class=\"_ _2\"></span> credit losses<span class=\"_ _2\"></span></span><span class=\"ff175\">\u2019</span> <span class=\"_ _1\"></span><span class=\"ls54 ws70\">approach is applied to all f<span class=\"_ _2\"></span>inancial assets with the exception of </span></span></span></span>trade receivable<span class=\"_ _2\"></span>s and advance<span class=\"_ _2\"></span>s to<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">joint<span class=\"_ _2\"></span> vent<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>s. Bo<span class=\"_ _2\"></span>th</span> <span class=\"ls49 wsaa\">the<span class=\"_ _2\"></span>se a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span> cl<span class=\"_ _2\"></span>ass<span class=\"_ _2\"></span>es ge<span class=\"_ _2\"></span>ner<span class=\"_ _2\"></span>ally d<span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>not c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ain <span class=\"_ _2\"></span>a </span></span>significant financing component. For these assets, the Gro<span class=\"_ _2\"></span>up applies the simplified approach permitted by<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls54 ws70\">IFRS 9<span class=\"_ _2\"></span>, which requires expected lifetime losses to<span class=\"_ _2\"></span> be recognised from initial reco<span class=\"ls49 ws78\">g<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on </span></span></span>of th<span class=\"_ _2\"></span>e re<span class=\"_ _2\"></span>cei<span class=\"_ _2\"></span>vabl<span class=\"_ _2\"></span>es, <span class=\"_ _2\"></span>net <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>any <span class=\"_ _2\"></span>allo<span class=\"_ _2\"></span>wance<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>sses.<span class=\"_ _2\"></span> Th<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> </span>allo<span class=\"_ _2\"></span>wance<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss me<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt i<span class=\"_ _2\"></span>s de<span class=\"_ _2\"></span>termi<span class=\"_ _2\"></span>ned<span class=\"_ _2\"></span> by apply<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> a si<span class=\"ls54 ws70\">mplified approach equalling the<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">lifetime expe<span class=\"_ _2\"></span>cted credit los<span class=\"_ _2\"></span>ses. </span> </span></span>Under the simplified approach, the tracking of c<span class=\"_ _2\"></span>hanges in credit risk is not required, but i<span class=\"_ _2\"></span>nstead <span class=\"ls1 ws0\"> </span>the base li<span class=\"_ _2\"></span>fetime <span class=\"_ _2\"></span>expecte<span class=\"_ _2\"></span>d credit l<span class=\"_ _2\"></span>oss <span class=\"_ _2\"></span>at<span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">all</span> <span class=\"ls54 ws70\">times is applied. An allowance for loss is made for </span></span>potentially impaired receivables during the year in which <span class=\"_ _2\"></span>they are identified based on <span class=\"_ _2\"></span>a periodic review of all<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>outst<span class=\"_ _2\"></span>andi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nts.<span class=\"_ _2\"></span> Lo<span class=\"_ _2\"></span>sses <span class=\"_ _2\"></span>are r<span class=\"_ _2\"></span>eco<span class=\"_ _2\"></span>rded<span class=\"_ _2\"></span> wit<span class=\"_ _2\"></span>hin <span class=\"_ _2\"></span>sell<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span>, m<span class=\"_ _2\"></span>arke<span class=\"_ _2\"></span>tin<span class=\"_ _2\"></span>g and<span class=\"_ _2\"></span> dis<span class=\"_ _2\"></span>trib<span class=\"_ _2\"></span>uti<span class=\"_ _2\"></span>on ex<span class=\"_ _2\"></span>pen<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws78\">in </span>the i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent.<span class=\"_ _2\"></span> Tr<span class=\"_ _2\"></span>ade<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>eivab<span class=\"_ _2\"></span>les<span class=\"_ _2\"></span> are d<span class=\"_ _2\"></span>eem<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>as i<span class=\"_ _2\"></span>mpai<span class=\"_ _2\"></span>red <span class=\"_ _2\"></span>when<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span>re i<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>n indi<span class=\"_ _2\"></span>cat<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>of significant <span class=\"_ _1\"></span><span class=\"ws70\">financial diffic<span class=\"_ _2\"></span>ulties of the debtor (delinquency in or default on payments oc<span class=\"_ _2\"></span>curs, </span>probability of ban<span class=\"_ _1\"></span>k<span class=\"_ _2\"></span>ruptcy or ne<span class=\"_ _1\"></span>e<span class=\"_ _2\"></span>d for financia<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span> reorganisation).<span class=\"ls1 ws0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-625": {
   "value": "<div class=\"gs8f\"><table class=\"s w164 h126\" id=\"_08fb4b0b-6987-41d7-bedf-4f05f8c04891\"><tr><td></td><td class=\"c x2df y2c1d w81 h80\"><div class=\"t m0 x1a0 h82 y1bd2 ffce fs3b fc2 sc0 ls1d ws49\">As of<span class=\"ls1 ws0\"> November <span class=\"ls1b ws2f\">30</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2c1e w150 h102\"><div class=\"t m0 x245 h82 y29a6 ffce fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2b9 h82 y29a7 ffce fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x2e0 h85 y2c1f ffcf fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"t m0 x2e1 h82 y2c1f ffce fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2c20 w4d h8c\"><div class=\"t m0 x0 h88 y1cd0 ffce fs3a fc2 sc0 ls26 ws3d\">Customer trade receiv<span class=\"_ _1\"></span>ables<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c20 w20 h8c\"><div class=\"t m0 x180 h87 y1cd0 ffcf fs3a fc2 sc0 ls21 ws35\">334,<span class=\"_ _2\"></span>988<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c20 w20 h8c\"><div class=\"t m0 x181 h88 y1cd0 ffce fs3a fc2 sc0 ls20 ws36\">366,523<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c21 w4d h89\"><div class=\"t m0 x0 h88 y1bdc ffce fs3a fc2 sc0 ls23 ws4b\">Contract a<span class=\"_ _1\"></span>ssets<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c21 w20 h89\"><div class=\"t m0 x179 h87 y1bdc ffcf fs3a fc2 sc0 ls23 ws39\">31,822<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c21 w20 h89\"><div class=\"t m0 x183 h88 y1bdc ffce fs3a fc2 sc0 ls20 ws36\">17,202<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c22 w4d h86\"><div class=\"t m0 x0 h88 y1bde ffce fs3a fc2 sc0 ls24 ws3a\">Accrued revenue<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c22 w20 h86\"><div class=\"t m0 x179 h87 y1bde ffcf fs3a fc2 sc0 ls23 ws39\">12,961<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c22 w20 h86\"><div class=\"t m0 x183 h88 y1bde ffce fs3a fc2 sc0 ls20 ws36\">10,292<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c23 w4d h8c\"><div class=\"t m0 x0 h88 y1be0 ffce fs3a fc2 sc0 ls24 ws3a\">Insurance receivable<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c23 w20 h8c\"><div class=\"t m0 x185 h87 y1be0 ffcf fs3a fc2 sc0 ls21 ws35\">1,46<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c23 w20 h8c\"><div class=\"t m0 x184 h88 y1be0 ffce fs3a fc2 sc0 ls20 ws36\">1,075<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c24 w4d h86\"><div class=\"t m0 x0 h88 y1bda ffce fs3a fc2 sc0 ls24 ws3b\">Interest<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c24 w20 h86\"><div class=\"t m0 x177 h87 y1bda ffcf fs3a fc2 sc0 ls21 ws35\">142<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c24 w20 h86\"><div class=\"t m0 x1a0 h88 y1bda ffce fs3a fc2 sc0 ls20 ws36\">349<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c25 w4d h89\"><div class=\"t m0 x0 h88 y1bdc ffce fs3a fc2 sc0 ls2a ws45\">Othe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c25 w20 h89\"><div class=\"t m0 x185 h87 y1bdc ffcf fs3a fc2 sc0 ls21 ws35\">3,75<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c25 w20 h89\"><div class=\"t m0 x184 h88 y1bdc ffce fs3a fc2 sc0 ls20 ws36\">2,482<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x28c y2c26 w20 h8a\"><div class=\"t m0 x180 h87 y1be6 ffcf fs3a fc2 sc0 ls21 ws35\">385,<span class=\"_ _2\"></span>133<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c26 w20 h8a\"><div class=\"t m0 x181 h88 y1be6 ffce fs3a fc2 sc0 ls20 ws36\">397,923<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c27 w4d ha1\"><div class=\"t m0 x0 h88 y1be4 ffce fs3a fc2 sc0 ls22 ws37\">Allowance f<span class=\"_ _1\"></span>or impairment on cu<span class=\"_ _1\"></span>stomer trade<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2e ws4c\">and accru<span class=\"_ _2\"></span>ed<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls26 ws47\">receivables</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls2e ws4c\"><span class=\"ls1 ws0\"><span class=\"ls26 ws47\"><span class=\"ls1 ws0\"> </span></span></span></span></span></div></td><td class=\"c x28c y2c27 w2b ha1\"><div class=\"t m0 x181 h87 y1be4 ffcf fs3a fc2 sc0 ls21 ws35\">(23,2<span class=\"_ _2\"></span>15)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c27 w25 ha1\"><div class=\"t m0 x187 h88 y1be4 ffce fs3a fc2 sc0 ls20 ws36\">(21,191)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c28 w4d h86\"><div class=\"t m0 x0 h88 y1bea ffce fs3a fc2 sc0 ls26 ws3d\">Receivables<span class=\"_ _1\"></span>, net<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c28 w20 h86\"><div class=\"t m0 x180 h87 y1bea ffcf fs3a fc2 sc0 ls21 ws35\">361,<span class=\"_ _2\"></span>918<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c28 w20 h86\"><div class=\"t m0 x181 h88 y1bea ffce fs3a fc2 sc0 ls20 ws36\">376,732<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table></div><table class=\"s w19b h152\" id=\"_0a49ecce-9c32-4f1e-9cd2-11679da91266\"><tr><td></td><td class=\"c x2cb y2e1c wce hb7\"><div class=\"t m0 x182 h85 y1f54 ff16b fs3b fc2 sc0 ls69 wsd6\">As of Nov<span class=\"_ _1\"></span>e<span class=\"_ _2\"></span>mber 30, 20<span class=\"ls1b ws2f\">25</span><span class=\"ls1b ws2f\"><span class=\"ls1 ws0\"> </span></span></div></td><td></td></tr><tr><td class=\"c x246 y2e1d w170 h102\"><div class=\"t m0 x245 h82 y29a6 ff16c fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2f3 h82 y29a7 ff16c fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x2cc y2e1e w20 h83\"><div class=\"t m0 x17d h85 y1f57 ff16b fs3b fc2 sc0 ls65 ws30\">Not Impaired<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e1e w2a h83\"><div class=\"t m0 x18f h85 y1f57 ff16b fs3b fc2 sc0 ls65 ws99\">Impaired<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e1f w6c h86\"><div class=\"t m0 x0 h88 y1be8 ff16c fs3a fc2 sc0 ls24 ws3b\">Current<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e1f w20 h86\"><div class=\"t m0 x180 h87 y1be8 ff16b fs3a fc2 sc0 ls21 ws35\">178,<span class=\"_ _2\"></span>780<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e1f w2a h86\"><div class=\"t m0 x193 h87 y1be8 ff16b fs3a fc2 sc0 ls27 ws3f\">31<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e20 w6c h8a\"><div class=\"t m0 x0 h88 y1c65 ff16c fs3a fc2 sc0 ls20 ws34\">Up to 3<span class=\"_ _2\"></span>0 days pa<span class=\"_ _2\"></span>st due<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e20 w20 h8a\"><div class=\"t m0 x179 h87 y1c65 ff16b fs3a fc2 sc0 ls23 ws39\">69,049<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e20 w2a h8a\"><div class=\"t m0 x177 h87 y1c65 ff16b fs3a fc2 sc0 ls21 ws35\">509<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e21 w6c h86\"><div class=\"t m0 x0 h88 y1bef ff16c fs3a fc2 sc0 ls20 ws34\">31 to 6<span class=\"_ _2\"></span>0 days <span class=\"_ _2\"></span>past due<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e21 w20 h86\"><div class=\"t m0 x179 h87 y1bef ff16b fs3a fc2 sc0 ls23 ws39\">19,962<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e21 w2a h86\"><div class=\"t m0 x177 h87 y1bef ff16b fs3a fc2 sc0 ls21 ws35\">362<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e22 w6c h86\"><div class=\"t m0 x0 h88 y1bf4 ff16c fs3a fc2 sc0 ls20 ws34\">61 to 9<span class=\"_ _2\"></span>0 days <span class=\"_ _2\"></span>past due<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e22 w20 h86\"><div class=\"t m0 x179 h87 y1bf4 ff16b fs3a fc2 sc0 ls23 ws39\">13,213<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e22 w2a h86\"><div class=\"t m0 x177 h87 y1bf4 ff16b fs3a fc2 sc0 ls21 ws35\">202<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e23 w6c h8a\"><div class=\"t m0 x0 h88 y1c3f ff16c fs3a fc2 sc0 ls24 ws3a\">Greater than 91 days past due<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e23 w20 h8a\"><div class=\"t m0 x179 h87 y1c3f ff16b fs3a fc2 sc0 ls23 ws39\">30,769<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e23 w2a h8a\"><div class=\"t m0 x179 h87 y1c3f ff16b fs3a fc2 sc0 ls23 ws39\">22,111<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2cc y2e24 w20 h8b\"><div class=\"t m0 x180 h87 y1bf4 ff16b fs3a fc2 sc0 ls21 ws35\">311,<span class=\"_ _2\"></span>773<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e24 w2a h8b\"><div class=\"t m0 x179 h87 y1bf4 ff16b fs3a fc2 sc0 ls21 ws35\">23,<span class=\"ls66 ws9d\">215</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td></tr></table><table class=\"s w19b h151\" id=\"_6b472ffa-3036-4c7f-8178-4c8aa7a7b817\"><tr><td></td><td class=\"c x2cb y2e14 wce hbe\"><div class=\"t m0 x185 h82 y1eb6 ff16c fs3b fc2 sc0 ls1 ws32\">As of November 30, 20<span class=\"ls1b ws2f\">24</span><span class=\"ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x241 y2e15 w6c hb9\"><div class=\"t m0 x0 h82 y1c7b ff16c fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"c x2cc y2e15 w20 hb9\"><div class=\"t m0 x17a h82 y2307 ff16c fs3b fc2 sc0 ls1 ws9b\">Not Impaired<span class=\"ws0\"> </span></div></td><td class=\"c x244 y2e15 w2a hb9\"><div class=\"t m0 x183 h82 y2307 ff16c fs3b fc2 sc0 ls1d ws31\">Impaired<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e16 w6c h86\"><div class=\"t m0 x0 h88 y1bef ff16c fs3a fc2 sc0 ls24 ws3b\">Current<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e16 w20 h86\"><div class=\"t m0 x181 h88 y1bef ff16c fs3a fc2 sc0 ls20 ws36\">216,899<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e16 w2a h86\"><div class=\"t m0 x171 h88 y1bef ff16c fs3a fc2 sc0 ls20 ws36\">127<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e17 w6c h86\"><div class=\"t m0 x0 h88 y1bf4 ff16c fs3a fc2 sc0 ls20 ws34\">Up to 3<span class=\"_ _2\"></span>0 days pa<span class=\"_ _2\"></span>st due<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e17 w20 h86\"><div class=\"t m0 x183 h88 y1bf4 ff16c fs3a fc2 sc0 ls20 ws36\">60,917<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e17 w2a h86\"><div class=\"t m0 x171 h88 y1bf4 ff16c fs3a fc2 sc0 ls20 ws36\">709<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e18 w6c h8a\"><div class=\"t m0 x0 h88 y1c3f ff16c fs3a fc2 sc0 ls20 ws34\">31 to 6<span class=\"_ _2\"></span>0 days <span class=\"_ _2\"></span>past due<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e18 w20 h8a\"><div class=\"t m0 x183 h88 y1c3f ff16c fs3a fc2 sc0 ls20 ws36\">22,763<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e18 w2a h8a\"><div class=\"t m0 x171 h88 y1c3f ff16c fs3a fc2 sc0 ls20 ws36\">494<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e19 w6c h86\"><div class=\"t m0 x0 h88 y1bf4 ff16c fs3a fc2 sc0 ls20 ws34\">61 to 9<span class=\"_ _2\"></span>0 days <span class=\"_ _2\"></span>past due<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e19 w20 h86\"><div class=\"t m0 x183 h88 y1bf4 ff16c fs3a fc2 sc0 ls20 ws36\">13,106<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e19 w2a h86\"><div class=\"t m0 x171 h88 y1bf4 ff16c fs3a fc2 sc0 ls20 ws36\">323<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e1a w6c h86\"><div class=\"t m0 x0 h88 y1bfa ff16c fs3a fc2 sc0 ls24 ws3a\">Greater than 91 days past due<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e1a w20 h86\"><div class=\"t m0 x183 h88 y1bfa ff16c fs3a fc2 sc0 ls20 ws36\">31,647<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e1a w2a h86\"><div class=\"t m0 x183 h88 y1bfa ff16c fs3a fc2 sc0 ls20 ws36\">19,538<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2cc y2e1b w20 h86\"><div class=\"t m0 x181 h88 y1bf8 ff16c fs3a fc2 sc0 ls20 ws36\">345,332<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e1b w2a h86\"><div class=\"t m0 x183 h88 y1bf8 ff16c fs3a fc2 sc0 ls20 ws36\">21,191<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>No col<span class=\"_ _2\"></span>late<span class=\"_ _2\"></span>ral is<span class=\"_ _2\"></span> hel<span class=\"_ _2\"></span>d on<span class=\"_ _2\"></span> any <span class=\"_ _2\"></span>acco<span class=\"_ _2\"></span>unts <span class=\"_ _2\"></span>recei<span class=\"_ _2\"></span>vable<span class=\"_ _2\"></span>.<span class=\"_ _195\"> </span><span class=\"ls1 ws0\"> </span>The onl<span class=\"_ _2\"></span>y m<span class=\"_ _2\"></span>ateri<span class=\"_ _2\"></span>al los<span class=\"_ _2\"></span>s al<span class=\"_ _2\"></span>low<span class=\"_ _2\"></span>ance he<span class=\"_ _2\"></span>ld ag<span class=\"_ _2\"></span>ains<span class=\"_ _2\"></span>t fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>assets<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>ates t<span class=\"_ _2\"></span>o tr<span class=\"_ _2\"></span>ade re<span class=\"_ _2\"></span>ceivab<span class=\"_ _2\"></span>les<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span>is calculated o<span class=\"_ _2\"></span>n a lifet<span class=\"_ _2\"></span>ime expected los<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">b<span class=\"_ _2\"></span>asi<span class=\"_ _2\"></span>s. The<span class=\"_ _2\"></span>re<span class=\"ls1 ws0\"> <span class=\"ls47 ws82\">have<span class=\"_ _1\"></span> been no chan<span class=\"_ _1\"></span>ges in the esti<span class=\"_ _1\"></span>mation </span></span></span></span>techni<span class=\"_ _2\"></span>ques <span class=\"_ _2\"></span>appli<span class=\"_ _2\"></span>ed i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> calc<span class=\"_ _2\"></span>ula<span class=\"_ _2\"></span>tion o<span class=\"_ _2\"></span>f the<span class=\"_ _2\"></span> los<span class=\"_ _2\"></span>s all<span class=\"_ _2\"></span>owance<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>uring <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span><span class=\"ls2f ws4e\">year<span class=\"ls50 ws7d\">. <span class=\"ls1 ws0\"> </span></span></span>The allowance fo<span class=\"_ _2\"></span>r impairmen<span class=\"_ _2\"></span>t on customer<span class=\"_ _2\"></span> trade receiv<span class=\"_ _2\"></span>ables changed<span class=\"_ _2\"></span> as follows:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><table class=\"s w199 h150\" id=\"_2e28477b-4bdb-41c6-8d41-407a265e5a81\"><tr><td></td><td class=\"c x2cb y2e0a wce h83\"><div class=\"t m0 x171 h82 y1bd2 ff16c fs3b fc2 sc0 ls1 ws32\">As of Nove<span class=\"ls69 wsa2\">mber 30</span><span class=\"ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2e0c w170 h10c\"><div class=\"t m0 x245 h82 y2e0b ff16c fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2f3 h82 y2e0b ff16c fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x2cc y2e0d w20 h83\"><div class=\"t m0 x177 h85 y1bd8 ff16b fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e0d w2a h83\"><div class=\"t m0 x1a0 h82 y1bd8 ff16c fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e0e w6c h93\"><div class=\"t m0 x0 h88 y23b2 ff16c fs3a fc2 sc0 ls22 ws37\">Allowance f<span class=\"_ _1\"></span>or impairment on cu<span class=\"_ _1\"></span>stomer trade <span class=\"ls28 ws0\">and accr<span class=\"_ _2\"></span>ued <span class=\"ls26 ws47\">receivables, </span></span></div><div class=\"t m0 x0 h88 y1c2d ff16c fs3a fc2 sc0 ls22 ws37\">brought f<span class=\"_ _1\"></span>orward<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x380 h87 y2e0f ff16b fs3a fc2 sc0 ls23 ws39\">21,191<span class=\"_ _195\"> </span></td><td class=\"t m0 x248 h88 y2e0f ff16c fs3a fc2 sc0 ls20 ws36\">21,278<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x241 y2e10 w6c h86\"><div class=\"t m0 x0 h88 y1bde ff16c fs3a fc2 sc0 ls2a ws45\">Impair<span class=\"_ _2\"></span>ment<span class=\"ls1 ws0\"> <span class=\"ls26 ws3d\">recognised<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span> net</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"> <span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2cc y2e10 w20 h86\"><div class=\"t m0 x185 h87 y1bde ff16b fs3a fc2 sc0 ls21 ws35\">2,50<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e10 w2a h86\"><div class=\"t m0 x184 h88 y1bde ff16c fs3a fc2 sc0 ls20 ws36\">3,112<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e11 w6c h8b\"><div class=\"t m0 x0 h88 y1c05 ff16c fs3a fc2 sc0 ls24 ws3a\">Accounts written off<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e11 w24 h8b\"><div class=\"t m0 x47 h87 y1c05 ff16b fs3a fc2 sc0 ls21 ws35\">(481)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x382 y2e12 w19a hfb\"><div class=\"t m0 x245 h88 y29ed ff16c fs3a fc2 sc0 ls20 ws36\">(3,199<span class=\"_ _195\"> </span></div><div class=\"t m0 x381 h88 y29ed ff16c fs3a fc2 sc0 ls1 ws0\">)<span class=\"_ _195\"> </span></div></td></tr><tr><td class=\"c x241 y2e13 w6c h8c\"><div class=\"t m0 x0 h87 y1c09 ff16b fs3a fc2 sc0 ls1f ws33\">Balan<span class=\"_ _2\"></span>ce at the en<span class=\"_ _2\"></span>d of th<span class=\"_ _2\"></span>e year<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e13 w20 h8c\"><div class=\"t m0 x179 h87 y1c09 ff16b fs3a fc2 sc0 ls23 ws39\">23,215<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e13 w2a h8c\"><div class=\"t m0 x183 h88 y1c09 ff16c fs3a fc2 sc0 ls20 ws36\">21,191<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>The amount o<span class=\"_ _2\"></span>f the impai<span class=\"_ _2\"></span>rment allowa<span class=\"_ _2\"></span>nce on recei<span class=\"_ _2\"></span>vables is b<span class=\"_ _2\"></span>ased on the<span class=\"_ _2\"></span> age of unpaid<span class=\"_ _2\"></span> balances<span class=\"_ _2\"></span>, inform<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n abou<span class=\"_ _2\"></span>t the cur<span class=\"_ _2\"></span>rent <span class=\"ls2f ws70\">an<span class=\"_ _2\"></span>d expected futu<span class=\"_ _2\"></span>re </span><span class=\"ws50\">fin<span class=\"_ _2\"></span>ancial<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>nditi<span class=\"_ _2\"></span>on o<span class=\"_ _2\"></span>f cus<span class=\"_ _2\"></span>tomers<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>and t<span class=\"_ _2\"></span>he </span>market<span class=\"_ _2\"></span>s in<span class=\"_ _2\"></span> whic<span class=\"_ _2\"></span>h they<span class=\"_ _2\"></span> ope<span class=\"_ _2\"></span>rate<span class=\"_ _2\"></span>, and<span class=\"_ _2\"></span> othe<span class=\"_ _2\"></span>r rele<span class=\"_ _2\"></span>vant<span class=\"_ _2\"></span> inf<span class=\"_ _2\"></span>ormat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>. M<span class=\"_ _2\"></span>anagem<span class=\"_ _2\"></span>ent do<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>not be<span class=\"_ _2\"></span>lieve<span class=\"_ _2\"></span> significant risk<span class=\"_ _2\"></span> exists in<span class=\"_ _2\"></span> connection wi<span class=\"_ _2\"></span>th concentrat<span class=\"_ _2\"></span>ions of c<span class=\"_ _2\"></span>redit as of <span class=\"_ _2\"></span>November<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">30, 20<span class=\"ls1 ws0\">25<span class=\"ls30 ws50\">. There </span></span></span></span>have b<span class=\"_ _2\"></span>een <span class=\"_ _2\"></span>no sig<span class=\"_ _2\"></span>nifi<span class=\"_ _2\"></span>can<span class=\"_ _2\"></span>t cha<span class=\"_ _2\"></span>nges<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span>the im<span class=\"_ _2\"></span>pairm<span class=\"_ _2\"></span>ent <span class=\"_ _2\"></span>allow<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> <span class=\"ws52\">be<span class=\"_ _2\"></span>cause<span class=\"ls1 ws0\"> </span></span>of c<span class=\"_ _2\"></span>hange<span class=\"_ _2\"></span>s in<span class=\"_ _2\"></span> the g<span class=\"_ _2\"></span>ros<span class=\"_ _2\"></span>s carryi<span class=\"_ _2\"></span>ng am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> trade<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">r<span class=\"_ _1\"></span>ece<span class=\"_ _2\"></span>ivables.</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-652": {
   "value": "<table class=\"s w164 h126\" id=\"_08fb4b0b-6987-41d7-bedf-4f05f8c04891\"><tr><td></td><td class=\"c x2df y2c1d w81 h80\"><div class=\"t m0 x1a0 h82 y1bd2 ffce fs3b fc2 sc0 ls1d ws49\">As of<span class=\"ls1 ws0\"> November <span class=\"ls1b ws2f\">30</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2c1e w150 h102\"><div class=\"t m0 x245 h82 y29a6 ffce fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2b9 h82 y29a7 ffce fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x2e0 h85 y2c1f ffcf fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"t m0 x2e1 h82 y2c1f ffce fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2c20 w4d h8c\"><div class=\"t m0 x0 h88 y1cd0 ffce fs3a fc2 sc0 ls26 ws3d\">Customer trade receiv<span class=\"_ _1\"></span>ables<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c20 w20 h8c\"><div class=\"t m0 x180 h87 y1cd0 ffcf fs3a fc2 sc0 ls21 ws35\">334,<span class=\"_ _2\"></span>988<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c20 w20 h8c\"><div class=\"t m0 x181 h88 y1cd0 ffce fs3a fc2 sc0 ls20 ws36\">366,523<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c21 w4d h89\"><div class=\"t m0 x0 h88 y1bdc ffce fs3a fc2 sc0 ls23 ws4b\">Contract a<span class=\"_ _1\"></span>ssets<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c21 w20 h89\"><div class=\"t m0 x179 h87 y1bdc ffcf fs3a fc2 sc0 ls23 ws39\">31,822<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c21 w20 h89\"><div class=\"t m0 x183 h88 y1bdc ffce fs3a fc2 sc0 ls20 ws36\">17,202<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c22 w4d h86\"><div class=\"t m0 x0 h88 y1bde ffce fs3a fc2 sc0 ls24 ws3a\">Accrued revenue<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c22 w20 h86\"><div class=\"t m0 x179 h87 y1bde ffcf fs3a fc2 sc0 ls23 ws39\">12,961<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c22 w20 h86\"><div class=\"t m0 x183 h88 y1bde ffce fs3a fc2 sc0 ls20 ws36\">10,292<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c23 w4d h8c\"><div class=\"t m0 x0 h88 y1be0 ffce fs3a fc2 sc0 ls24 ws3a\">Insurance receivable<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c23 w20 h8c\"><div class=\"t m0 x185 h87 y1be0 ffcf fs3a fc2 sc0 ls21 ws35\">1,46<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c23 w20 h8c\"><div class=\"t m0 x184 h88 y1be0 ffce fs3a fc2 sc0 ls20 ws36\">1,075<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c24 w4d h86\"><div class=\"t m0 x0 h88 y1bda ffce fs3a fc2 sc0 ls24 ws3b\">Interest<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c24 w20 h86\"><div class=\"t m0 x177 h87 y1bda ffcf fs3a fc2 sc0 ls21 ws35\">142<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c24 w20 h86\"><div class=\"t m0 x1a0 h88 y1bda ffce fs3a fc2 sc0 ls20 ws36\">349<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c25 w4d h89\"><div class=\"t m0 x0 h88 y1bdc ffce fs3a fc2 sc0 ls2a ws45\">Othe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c25 w20 h89\"><div class=\"t m0 x185 h87 y1bdc ffcf fs3a fc2 sc0 ls21 ws35\">3,75<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c25 w20 h89\"><div class=\"t m0 x184 h88 y1bdc ffce fs3a fc2 sc0 ls20 ws36\">2,482<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x28c y2c26 w20 h8a\"><div class=\"t m0 x180 h87 y1be6 ffcf fs3a fc2 sc0 ls21 ws35\">385,<span class=\"_ _2\"></span>133<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c26 w20 h8a\"><div class=\"t m0 x181 h88 y1be6 ffce fs3a fc2 sc0 ls20 ws36\">397,923<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c27 w4d ha1\"><div class=\"t m0 x0 h88 y1be4 ffce fs3a fc2 sc0 ls22 ws37\">Allowance f<span class=\"_ _1\"></span>or impairment on cu<span class=\"_ _1\"></span>stomer trade<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2e ws4c\">and accru<span class=\"_ _2\"></span>ed<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls26 ws47\">receivables</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls2e ws4c\"><span class=\"ls1 ws0\"><span class=\"ls26 ws47\"><span class=\"ls1 ws0\"> </span></span></span></span></span></div></td><td class=\"c x28c y2c27 w2b ha1\"><div class=\"t m0 x181 h87 y1be4 ffcf fs3a fc2 sc0 ls21 ws35\">(23,2<span class=\"_ _2\"></span>15)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c27 w25 ha1\"><div class=\"t m0 x187 h88 y1be4 ffce fs3a fc2 sc0 ls20 ws36\">(21,191)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c28 w4d h86\"><div class=\"t m0 x0 h88 y1bea ffce fs3a fc2 sc0 ls26 ws3d\">Receivables<span class=\"_ _1\"></span>, net<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c28 w20 h86\"><div class=\"t m0 x180 h87 y1bea ffcf fs3a fc2 sc0 ls21 ws35\">361,<span class=\"_ _2\"></span>918<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c28 w20 h86\"><div class=\"t m0 x181 h88 y1bea ffce fs3a fc2 sc0 ls20 ws36\">376,732<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table><table class=\"s w14c h133\" id=\"_c1c86b7d-8843-4606-9f06-7f452950b5f1\"><tr><td class=\"c x246 y2c8c w178 h134\"><div class=\"t m0 x245 h85 y2c8b fff6 fs3b fc2 sc0 ls1 ws0\">Accumulated<span class=\"_ _195\"> </span></div><div class=\"t m0 x2fc h85 y2c8b fff6 fs3b fc2 sc0 ls65 ws99\">deprecia<span class=\"_ _2\"></span>tion<span class=\"ls1 ws0\"> and </span>impairme<span class=\"_ _2\"></span>nt<span class=\"_ _195\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c x2f5 y2c8d w174 h103\"><div class=\"t m0 x245 h82 y29a6 fff7 fs3b fc2 sc0 ls1e ws60\">Plant and<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x2fd h82 y2c8e fff7 fs3b fc2 sc0 ls1 ws0\">Leasehold<span class=\"_ _195\"> </span></td><td class=\"t m0 x283 h82 y2c8e fff7 fs3b fc2 sc0 ls1 ws0\">Construction<span class=\"_ _195\"> </span></td><td></td></tr><tr><td class=\"c x246 y2c8f w179 h102\"><div class=\"t m0 x245 h82 y29a6 fff7 fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2b9 h82 y29a7 fff7 fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ thousands)<span class=\"_ _195\"> </span></div></td><td class=\"c x28c y2c90 w20 h97\"><div class=\"t m0 x1a0 h82 y1cce fff7 fs3b fc2 sc0 ls7c wsc3\">Land<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c90 w20 h97\"><div class=\"t m0 x179 h82 y1cce fff7 fs3b fc2 sc0 ls2d ws4a\">Buildin<span class=\"_ _2\"></span>gs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c90 w8d h97\"><div class=\"t m0 x19b h82 y1cce fff7 fs3b fc2 sc0 ls1e ws2f\">Ships and <span class=\"ls1 ws0\">b<span class=\"ls3a ws9b\">arges</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c90 w48 h97\"><div class=\"t m0 x19a h82 y1cce fff7 fs3b fc2 sc0 ls1c ws30\">Tank <span class=\"ls1 ws0\">containers</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f7 y2c91 w176 h103\"><div class=\"t m0 x245 h82 y29a6 fff7 fs3b fc2 sc0 ls1 ws0\">equipment</div></td><td class=\"c x2fb y2c90 w20 h97\"><div class=\"t m0 x99 h82 y213b fff7 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x17c h82 y1ec8 fff7 fs3b fc2 sc0 ls1 ws0\">improvements </div></td><td class=\"c x2f9 y2c90 w20 h97\"><div class=\"t m0 x99 h82 y213b fff7 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x180 h82 y1ec8 fff7 fs3b fc2 sc0 ls1 ws0\">i<span class=\"ls7d wsc4\">n </span>progress </div></td><td class=\"c x2fa y2c90 w34 h97\"><div class=\"t m0 x1a0 h82 y1cce fff7 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2c92 w4d h89\"><div class=\"t m0 x0 h87 y1bfa fff6 fs3a fc2 sc0 ls2e ws6e\">Balance at <span class=\"ls75 ws39\">D<span class=\"_ _2\"></span>ecemb<span class=\"_ _2\"></span>er 1<span class=\"ls21 ws38\">, 20<span class=\"_ _2\"></span>23</span></span><span class=\"ls75 ws39\"><span class=\"ls21 ws38\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x28c y2c92 w20 h89\"><div class=\"t m0 xb6 h87 y1bfa fff8 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"fff6\"> </span></div></td><td class=\"c x24e y2c92 w20 h89\"><div class=\"t m0 x179 h87 y1bfa fff6 fs3a fc2 sc0 ls23 ws39\">62,057<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c92 w8d h89\"><div class=\"t m0 x17a h87 y1bfa fff6 fs3a fc2 sc0 ls21 ws35\">1,84<span class=\"_ _2\"></span>0,219<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c92 w48 h89\"><div class=\"t m0 x180 h87 y1bfa fff6 fs3a fc2 sc0 ls21 ws35\">268,<span class=\"_ _2\"></span>692<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c92 w2a h89\"><div class=\"t m0 x180 h87 y1bfa fff6 fs3a fc2 sc0 ls21 ws35\">758,<span class=\"_ _2\"></span>281<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c92 w20 h89\"><div class=\"t m0 x185 h87 y1bfa fff6 fs3a fc2 sc0 ls21 ws35\">6,48<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c92 w20 h89\"><div class=\"t m0 xb6 h87 y1bfa fff8 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"fff6\"> </span></div></td><td class=\"c x2fa y2c92 w34 h89\"><div class=\"t m0 x17b h87 y1bfa fff6 fs3a fc2 sc0 ls76 wsb9\">2,935,734<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c93 w4d h86\"><div class=\"t m0 x0 h88 y1c50 fff7 fs3a fc2 sc0 ls26 ws3d\">Depreciation exp<span class=\"_ _1\"></span>ense <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c93 w20 h86\"><div class=\"t m0 x2d h88 y1c50 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x24e y2c93 w20 h86\"><div class=\"t m0 x184 h88 y1c50 fff7 fs3a fc2 sc0 ls20 ws36\">2,752<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c93 w8d h86\"><div class=\"t m0 x181 h88 y1c50 fff7 fs3a fc2 sc0 ls20 ws36\">131,024<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c93 w48 h86\"><div class=\"t m0 x183 h88 y1c50 fff7 fs3a fc2 sc0 ls20 ws36\">21,147<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c93 w2a h86\"><div class=\"t m0 x183 h88 y1c50 fff7 fs3a fc2 sc0 ls20 ws36\">71,236<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c93 w20 h86\"><div class=\"t m0 x184 h88 y1c50 fff7 fs3a fc2 sc0 ls20 ws36\">1,049<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c93 w20 h86\"><div class=\"t m0 x2d h88 y1c50 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x2fa y2c93 w34 h86\"><div class=\"t m0 x181 h88 y1c50 fff7 fs3a fc2 sc0 ls20 ws36\">227,208<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c94 w4d h8c\"><div class=\"t m0 x0 h88 y1bf6 fff7 fs3a fc2 sc0 ls25 ws3c\">Disposals and retirements<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c94 w20 h8c\"><div class=\"t m0 x2d h88 y1bf6 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x24e y2c94 w25 h8c\"><div class=\"t m0 x188 h88 y1bf6 fff7 fs3a fc2 sc0 ls20 ws36\">(258)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c94 w25 h8c\"><div class=\"t m0 x187 h88 y1bf6 fff7 fs3a fc2 sc0 ls20 ws36\">(80,434)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c94 w25 h8c\"><div class=\"t m0 x187 h88 y1bf6 fff7 fs3a fc2 sc0 ls20 ws36\">(14,938)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c94 w2c h8c\"><div class=\"t m0 x187 h88 y1bf6 fff7 fs3a fc2 sc0 ls20 ws36\">(10,922)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c94 w2b h8c\"><div class=\"t m0 x186 h88 y1bf6 fff7 fs3a fc2 sc0 ls20 ws36\">(2,132)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c94 w20 h8c\"><div class=\"t m0 x2d h88 y1bf6 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x2fa y2c94 w56 h8c\"><div class=\"t m0 x17f h88 y1bf6 fff7 fs3a fc2 sc0 ls20 ws36\">(108,684)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c95 w4d h86\"><div class=\"t m0 x0 h88 y1c05 fff7 fs3a fc2 sc0 ls80 ws3d\">Net foreign exchange differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c95 w20 h86\"><div class=\"t m0 x2d h88 y1c05 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x24e y2c95 w25 h86\"><div class=\"t m0 x188 h88 y1c05 fff7 fs3a fc2 sc0 ls20 ws36\">(257)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c95 w25 h86\"><div class=\"t m0 x186 h88 y1c05 fff7 fs3a fc2 sc0 ls20 ws36\">(1,142)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c95 w25 h86\"><div class=\"t m0 x1be h88 y1c05 fff7 fs3a fc2 sc0 ls20 ws36\">(62)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c95 w2c h86\"><div class=\"t m0 x186 h88 y1c05 fff7 fs3a fc2 sc0 ls20 ws36\">(9,114)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c95 w2b h86\"><div class=\"t m0 x1be h88 y1c05 fff7 fs3a fc2 sc0 ls20 ws36\">(60)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c95 w20 h86\"><div class=\"t m0 x2d h88 y1c05 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x2fa y2c95 w56 h86\"><div class=\"t m0 x187 h88 y1c05 fff7 fs3a fc2 sc0 ls20 ws36\">(10,635)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c96 w4d h89\"><div class=\"t m0 x0 h88 y1bde fff7 fs3a fc2 sc0 ls25 ws3c\">Reclasses and other<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c96 w20 h89\"><div class=\"t m0 x2d h88 y1bde fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x24e y2c96 w20 h89\"><div class=\"t m0 x184 h88 y1bde fff7 fs3a fc2 sc0 ls20 ws36\">2,352<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c96 w25 h89\"><div class=\"t m0 x1be h88 y1bde fff7 fs3a fc2 sc0 ls20 ws36\">(22)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c96 w25 h89\"><div class=\"t m0 x188 h88 y1bde fff7 fs3a fc2 sc0 ls20 ws36\">(234)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c96 w2c h89\"><div class=\"t m0 x186 h88 y1bde fff7 fs3a fc2 sc0 ls20 ws36\">(4,873)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c96 w2b h89\"><div class=\"t m0 x1 h88 y1bde fff7 fs3a fc2 sc0 ls2a ws45\">(2)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c96 w20 h89\"><div class=\"t m0 x2d h88 y1bde fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x2fa y2c96 w56 h89\"><div class=\"t m0 x186 h88 y1bde fff7 fs3a fc2 sc0 ls20 ws36\">(2,779)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c97 w4d h8a\"><div class=\"t m0 x0 h87 y1be0 fff6 fs3a fc2 sc0 ls23 wsc7\">Balance<span class=\"_ _1\"></span> at Nove<span class=\"_ _1\"></span>mber 30, 2024<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c97 w20 h8a\"><div class=\"t m0 xb6 h87 y1be0 fff8 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"fff6\"> </span></div></td><td class=\"c x24e y2c97 w20 h8a\"><div class=\"t m0 x179 h87 y1be0 fff6 fs3a fc2 sc0 ls23 ws39\">66,646<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c97 w8d h8a\"><div class=\"t m0 x17a h87 y1be0 fff6 fs3a fc2 sc0 ls21 ws35\">1,88<span class=\"_ _2\"></span>9,645<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c97 w48 h8a\"><div class=\"t m0 x180 h87 y1be0 fff6 fs3a fc2 sc0 ls21 ws35\">274,<span class=\"_ _2\"></span>605<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c97 w2a h8a\"><div class=\"t m0 x180 h87 y1be0 fff6 fs3a fc2 sc0 ls21 ws35\">804,<span class=\"_ _2\"></span>608<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c97 w20 h8a\"><div class=\"t m0 x185 h87 y1be0 fff6 fs3a fc2 sc0 ls21 ws35\">5,34<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c97 w20 h8a\"><div class=\"t m0 xb6 h87 y1be0 fff8 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"fff6\"> </span></div></td><td class=\"c x2fa y2c97 w34 h8a\"><div class=\"t m0 x17b h87 y1be0 fff6 fs3a fc2 sc0 ls76 wsb9\">3,040,844<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c98 w4d h8a\"><div class=\"t m0 x0 h88 y1be6 fff7 fs3a fc2 sc0 ls26 ws3d\">Depreciation exp<span class=\"_ _1\"></span>ense <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c98 w20 h8a\"><div class=\"t m0 x2d h88 y1be6 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x24e y2c98 w20 h8a\"><div class=\"t m0 x184 h88 y1be6 fff7 fs3a fc2 sc0 ls20 ws36\">2,734<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c98 w8d h8a\"><div class=\"t m0 x181 h88 y1be6 fff7 fs3a fc2 sc0 ls20 ws36\">157,683<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c98 w48 h8a\"><div class=\"t m0 x183 h88 y1be6 fff7 fs3a fc2 sc0 ls20 ws36\">22,046<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c98 w2a h8a\"><div class=\"t m0 x183 h88 y1be6 fff7 fs3a fc2 sc0 ls20 ws36\">73,444<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c98 w20 h8a\"><div class=\"t m0 x184 h88 y1be6 fff7 fs3a fc2 sc0 ls20 ws36\">1,595<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c98 w20 h8a\"><div class=\"t m0 x2d h88 y1be6 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x2fa y2c98 w34 h8a\"><div class=\"t m0 x181 h88 y1be6 fff7 fs3a fc2 sc0 ls20 ws36\">257,502<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c99 w4d h8b\"><div class=\"t m0 x0 h88 y1be4 fff7 fs3a fc2 sc0 ls25 ws3c\">Disposals and retirements<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c99 w20 h8b\"><div class=\"t m0 x2d h88 y1be4 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x24e y2c99 w25 h8b\"><div class=\"t m0 x1 h88 y1be4 fff7 fs3a fc2 sc0 ls2a ws45\">(2)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c99 w25 h8b\"><div class=\"t m0 x187 h88 y1be4 fff7 fs3a fc2 sc0 ls20 ws36\">(44,475)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c99 w25 h8b\"><div class=\"t m0 x187 h88 y1be4 fff7 fs3a fc2 sc0 ls20 ws36\">(11,444)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c99 w2c h8b\"><div class=\"t m0 x186 h88 y1be4 fff7 fs3a fc2 sc0 ls20 ws36\">(7,729)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c99 w2b h8b\"><div class=\"t m0 x1be h88 y1be4 fff7 fs3a fc2 sc0 ls20 ws36\">(75)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c99 w20 h8b\"><div class=\"t m0 x2d h88 y1be4 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x2fa y2c99 w56 h8b\"><div class=\"t m0 x187 h88 y1be4 fff7 fs3a fc2 sc0 ls20 ws36\">(63,725)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c9a w4d h86\"><div class=\"t m0 x0 h88 y1be2 fff7 fs3a fc2 sc0 ls80 ws3d\">Net foreign exchange differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c9a w20 h86\"><div class=\"t m0 x2d h88 y1be2 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x24e y2c9a w20 h86\"><div class=\"t m0 x184 h88 y1be2 fff7 fs3a fc2 sc0 ls20 ws36\">4,205<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c9a w8d h86\"><div class=\"t m0 x184 h88 y1be2 fff7 fs3a fc2 sc0 ls20 ws36\">4,029<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c9a w48 h86\"><div class=\"t m0 x1 h88 y1be2 fff7 fs3a fc2 sc0 ls20 ws36\">95<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c9a w2a h86\"><div class=\"t m0 x183 h88 y1be2 fff7 fs3a fc2 sc0 ls20 ws36\">20,132<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c9a w20 h86\"><div class=\"t m0 x1 h88 y1be2 fff7 fs3a fc2 sc0 ls20 ws36\">68<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c9a w20 h86\"><div class=\"t m0 x2d h88 y1be2 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x2fa y2c9a w34 h86\"><div class=\"t m0 x183 h88 y1be2 fff7 fs3a fc2 sc0 ls20 ws36\">28,529<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c9b w4d h8a\"><div class=\"t m0 x0 h88 y1c18 fff7 fs3a fc2 sc0 ls25 ws3c\">Reclasses and other<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c9b w20 h8a\"><div class=\"t m0 x2d h88 y1c18 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x24e y2c9b w20 h8a\"><div class=\"t m0 x184 h88 y1c18 fff7 fs3a fc2 sc0 ls20 ws36\">2,768<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c9b w8d h8a\"><div class=\"t m0 x1 h88 y1c18 fff7 fs3a fc2 sc0 ls20 ws36\">42<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c9b w25 h8a\"><div class=\"t m0 x188 h88 y1c18 fff7 fs3a fc2 sc0 ls20 ws36\">(201)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c9b w2c h8a\"><div class=\"t m0 x186 h88 y1c18 fff7 fs3a fc2 sc0 ls20 ws36\">(2,438)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c9b w20 h8a\"><div class=\"t m0 x1 h88 y1c18 fff7 fs3a fc2 sc0 ls20 ws36\">54<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c9b w20 h8a\"><div class=\"t m0 x2d h88 y1c18 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x2fa y2c9b w34 h8a\"><div class=\"t m0 x171 h88 y1c18 fff7 fs3a fc2 sc0 ls20 ws36\">225<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c9c w4d h86\"><div class=\"t m0 x0 h87 y1bea fff6 fs3a fc2 sc0 ls23 wsc7\">Balance<span class=\"_ _1\"></span> at Nove<span class=\"_ _1\"></span>mber 30, 2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c9c w20 h86\"><div class=\"t m0 xb6 h87 y1bea fff8 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"fff6\"> </span></div></td><td class=\"c x24e y2c9c w20 h86\"><div class=\"t m0 x179 h87 y1bea fff6 fs3a fc2 sc0 ls23 ws39\">76,351<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c9c w8d h86\"><div class=\"t m0 x17a h87 y1bea fff6 fs3a fc2 sc0 ls21 ws35\">2,00<span class=\"_ _2\"></span>6,924<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c9c w48 h86\"><div class=\"t m0 x180 h87 y1bea fff6 fs3a fc2 sc0 ls21 ws35\">285,<span class=\"_ _2\"></span>101<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c9c w2a h86\"><div class=\"t m0 x180 h87 y1bea fff6 fs3a fc2 sc0 ls21 ws35\">888,<span class=\"_ _2\"></span>017<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c9c w20 h86\"><div class=\"t m0 x185 h87 y1bea fff6 fs3a fc2 sc0 ls21 ws35\">6,98<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c9c w20 h86\"><div class=\"t m0 xb6 h87 y1bea fff8 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"fff6\"> </span></div></td><td class=\"c x2fa y2c9c w34 h86\"><div class=\"t m0 x17b h87 y1bea fff6 fs3a fc2 sc0 ls76 wsb9\">3,263,375<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c9d w4d h86\"><div class=\"t m0 x0 h87 y1be8 fff6 fs3a fc2 sc0 ls1f ws33\">Net book v<span class=\"_ _2\"></span>alue:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2be9 w4d h8a\"><div class=\"t m0 x0 h87 y1c65 fff6 fs3a fc2 sc0 ls21 ws38\">At Nov<span class=\"_ _2\"></span>embe<span class=\"_ _2\"></span>r 30, <span class=\"_ _2\"></span>20<span class=\"ls66 ws9d\">24</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x28c y2be9 w20 h8a\"><div class=\"t m0 x179 h87 y1c65 fff6 fs3a fc2 sc0 ls23 ws39\">64,340<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2be9 w20 h8a\"><div class=\"t m0 x179 h87 y1c65 fff6 fs3a fc2 sc0 ls23 ws39\">80,413<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2be9 w8d h8a\"><div class=\"t m0 x17a h87 y1c65 fff6 fs3a fc2 sc0 ls21 ws35\">1,35<span class=\"_ _2\"></span>6,032<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2be9 w48 h8a\"><div class=\"t m0 x180 h87 y1c65 fff6 fs3a fc2 sc0 ls21 ws35\">289,<span class=\"_ _2\"></span>571<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2be9 w2a h8a\"><div class=\"t m0 x180 h87 y1c65 fff6 fs3a fc2 sc0 ls21 ws35\">863,<span class=\"_ _2\"></span>677<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2be9 w20 h8a\"><div class=\"t m0 x185 h87 y1c65 fff6 fs3a fc2 sc0 ls21 ws35\">9,77<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2be9 w20 h8a\"><div class=\"t m0 x180 h87 y1c65 fff6 fs3a fc2 sc0 ls21 ws35\">111,<span class=\"_ _2\"></span>240<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2be9 w34 h8a\"><div class=\"t m0 x17b h87 y1c65 fff6 fs3a fc2 sc0 ls76 wsb9\">2,775,044<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c9e w4d h86\"><div class=\"t m0 x0 h87 y1bef fff6 fs3a fc2 sc0 ls21 ws38\">At Nov<span class=\"_ _2\"></span>embe<span class=\"_ _2\"></span>r 30, <span class=\"_ _2\"></span>20<span class=\"ls66 ws9d\">25</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x28c y2c9e w20 h86\"><div class=\"t m0 x179 h87 y1bef fff6 fs3a fc2 sc0 ls23 ws39\">63,656<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c9e w20 h86\"><div class=\"t m0 x179 h87 y1bef fff6 fs3a fc2 sc0 ls23 ws39\">83,065<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c9e w8d h86\"><div class=\"t m0 x17a h87 y1bef fff6 fs3a fc2 sc0 ls21 ws35\">1,90<span class=\"_ _2\"></span>0,625<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c9e w48 h86\"><div class=\"t m0 x180 h87 y1bef fff6 fs3a fc2 sc0 ls21 ws35\">355,<span class=\"_ _2\"></span>518<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c9e w2a h86\"><div class=\"t m0 x180 h87 y1bef fff6 fs3a fc2 sc0 ls21 ws35\">880,<span class=\"_ _2\"></span>844<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c9e w20 h86\"><div class=\"t m0 x185 h87 y1bef fff6 fs3a fc2 sc0 ls21 ws35\">9,70<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c9e w20 h86\"><div class=\"t m0 x180 h87 y1bef fff6 fs3a fc2 sc0 ls21 ws35\">200,<span class=\"_ _2\"></span>764<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2c9e w34 h86\"><div class=\"t m0 x17b h87 y1bef fff6 fs3a fc2 sc0 ls76 wsb9\">3,494,<span class=\"ls81 wsc6\">177</span><span class=\"ls81 wsc6\"><span class=\"ls1 ws0\"> </span></span></div></td></tr></table>Impai<span class=\"_ _2\"></span>rment of n<span class=\"_ _2\"></span>on<span class=\"ls1 ws0\">-<span class=\"ls5e wsbb\">curren<span class=\"_ _2\"></span>t a<span class=\"_ _2\"></span>ssets<span class=\"_ _2\"></span></span> </span>See Note<span class=\"ls60 ws4f\">s <span class=\"_ _1\"></span><span class=\"ls1 ws0\">2 <span class=\"ls30 ws50\">and 16</span> <span class=\"ls30 ws50\">for f<span class=\"_ _2\"></span>urthe<span class=\"_ _2\"></span>r di<span class=\"_ _2\"></span>scuss<span class=\"_ _2\"></span>ion o<span class=\"_ _2\"></span>f im<span class=\"_ _2\"></span>pairm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> testi<span class=\"_ _2\"></span>ng.<span class=\"_ _2\"></span></span> </span></span>Impai<span class=\"_ _2\"></span>rment Testin<span class=\"_ _2\"></span>g of Non<span class=\"ls1 ws0\">-<span class=\"ls5e wsc9\">curren<span class=\"_ _2\"></span>t Asse<span class=\"_ _2\"></span>ts</span> </span>In the<span class=\"_ _2\"></span> cur<span class=\"_ _2\"></span>rent y<span class=\"_ _2\"></span>ear<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> equi<span class=\"_ _2\"></span>ty o<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup w<span class=\"_ _2\"></span>as mo<span class=\"_ _2\"></span>re th<span class=\"_ _2\"></span>an it<span class=\"_ _2\"></span>s m<span class=\"_ _2\"></span>arket c<span class=\"_ _2\"></span>apit<span class=\"_ _2\"></span>alis<span class=\"_ _2\"></span>ation.<span class=\"_ _2\"></span> In <span class=\"_ _2\"></span>acco<span class=\"_ _2\"></span>rdanc<span class=\"_ _2\"></span>e with I<span class=\"_ _2\"></span>AS 16<span class=\"_ _2\"></span>, Im<span class=\"_ _2\"></span>pai<span class=\"_ _2\"></span>rment o<span class=\"_ _2\"></span>f A<span class=\"_ _2\"></span>ssets<span class=\"_ _2\"></span>, this<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> an imp<span class=\"_ _2\"></span>airm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> trigg<span class=\"_ _2\"></span>er. I<span class=\"_ _2\"></span>n add<span class=\"_ _2\"></span>ition<span class=\"_ _2\"></span>, th<span class=\"_ _2\"></span>e Aus<span class=\"_ _2\"></span>trali<span class=\"_ _2\"></span>a te<span class=\"_ _2\"></span>rminal<span class=\"_ _2\"></span> CGU\u2019s remained l<span class=\"_ _2\"></span>ower than m<span class=\"_ _2\"></span>anagement\u2019s pr<span class=\"_ _2\"></span>ojections. As<span class=\"_ _2\"></span><span class=\"ff119 ls1 ws0\"> <span class=\"ls2f ws75\">a result, impairment testing for the </span></span>operating segments\u2019 CGUs was performed as of November 30, 2025. <span class=\"_ _2\"></span><span class=\"ff119 ls1 ws0\"> </span>CGUs<span class=\"_ _2\"></span> a<span class=\"ls2f ws70\">re the smalle<span class=\"_ _2\"></span>st identifi<span class=\"_ _2\"></span>able<span class=\"ls1 ws0\"> <span class=\"ls47 ws82\">gro<span class=\"_ _1\"></span>ups of asset<span class=\"_ _1\"></span>s that genera<span class=\"_ _1\"></span>tes cash i<span class=\"_ _1\"></span>nflows that<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>are la<span class=\"_ _1\"></span>rgely </span></span></span>indepe<span class=\"_ _2\"></span>ndent<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>ash <span class=\"_ _2\"></span>inflo<span class=\"_ _2\"></span>ws <span class=\"_ _2\"></span>from <span class=\"_ _2\"></span>other<span class=\"_ _2\"></span> asse<span class=\"_ _2\"></span>ts o<span class=\"_ _2\"></span>r gr<span class=\"_ _2\"></span>oup of<span class=\"_ _2\"></span> as<span class=\"_ _2\"></span>sets.<span class=\"_ _2\"></span> <span class=\"ws52\">M<span class=\"_ _2\"></span>anagem<span class=\"_ _2\"></span>ent<span class=\"ls1 ws0\"> </span></span>measu<span class=\"_ _2\"></span>res t<span class=\"_ _2\"></span>he recove<span class=\"_ _2\"></span>rable<span class=\"_ _2\"></span> amou<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> <span class=\"ls54 wsca\">each CG<span class=\"_ _2\"></span>U<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">by<span class=\"_ _2\"></span> comp<span class=\"_ _2\"></span>aring<span class=\"_ _2\"></span> thei<span class=\"_ _2\"></span>r c<span class=\"_ _2\"></span>arrying<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span>moun<span class=\"_ _2\"></span>t wit<span class=\"_ _2\"></span>h<span class=\"ls1 ws0\"> </span>the hig<span class=\"_ _2\"></span>her<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>heir f<span class=\"_ _2\"></span>air </span></span></span>va<span class=\"_ _1\"></span>lue les<span class=\"_ _1\"></span>s costs o<span class=\"_ _1\"></span>f dispos<span class=\"_ _1\"></span>al<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">(FVLCD)<span class=\"_ _2\"></span> or <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span> in u<span class=\"_ _2\"></span>se (VI<span class=\"_ _2\"></span>U).<span class=\"_ _2\"></span> </span> </span>Chemic<span class=\"_ _2\"></span>al t<span class=\"_ _2\"></span>ankers<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> barge<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>(Tanke<span class=\"_ _2\"></span>rs<span class=\"_ _2\"></span>) and A<span class=\"_ _2\"></span>veni<span class=\"_ _2\"></span>r LN<span class=\"_ _2\"></span>G ship<span class=\"_ _2\"></span>s ob<span class=\"_ _2\"></span>taine<span class=\"_ _2\"></span>d val<span class=\"_ _2\"></span>uatio<span class=\"_ _2\"></span>ns f<span class=\"_ _2\"></span>rom <span class=\"_ _2\"></span>outsid<span class=\"_ _2\"></span>e broke<span class=\"_ _2\"></span>rs as<span class=\"_ _2\"></span> well<span class=\"_ _2\"></span> as p<span class=\"_ _2\"></span>erfo<span class=\"_ _2\"></span>rmed <span class=\"_ _2\"></span>VIU c<span class=\"_ _2\"></span>alcul<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ons by<span class=\"_ _2\"></span> CG<span class=\"_ _2\"></span>U. Fo<span class=\"_ _2\"></span>r T<span class=\"_ _2\"></span>ankers<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> CGUs<span class=\"_ _2\"></span> ide<span class=\"_ _2\"></span>ntif<span class=\"_ _2\"></span>ied <span class=\"_ _2\"></span>are t<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>) deep<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2f ws70\">sea <span class=\"_ _2\"></span>fleet plus i<span class=\"_ _2\"></span>nterdepende<span class=\"_ _2\"></span>nt regional fleet<span class=\"_ _2\"></span>s, ii) regi<span class=\"_ _2\"></span>onal fleets,<span class=\"_ _2\"></span> and iii) E<span class=\"_ _2\"></span>uropean barges<span class=\"_ _2\"></span>, as </span></span>those <span class=\"_ _2\"></span>are t<span class=\"_ _2\"></span>he l<span class=\"_ _2\"></span>owes<span class=\"_ _2\"></span>t leve<span class=\"_ _2\"></span>ls i<span class=\"_ _2\"></span>n whi<span class=\"_ _2\"></span>ch t<span class=\"_ _2\"></span>he cas<span class=\"_ _2\"></span>h f<span class=\"_ _2\"></span>lows a<span class=\"_ _2\"></span>re i<span class=\"_ _2\"></span>ndepe<span class=\"_ _2\"></span>nde<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> othe<span class=\"_ _2\"></span>r CGU<span class=\"_ _2\"></span>s. <span class=\"_ _2\"></span><span class=\"ls2f ws75\">Of the total net </span>carryi<span class=\"_ _2\"></span>ng v<span class=\"_ _2\"></span>alue o<span class=\"_ _2\"></span>f T<span class=\"_ _2\"></span>ankers<span class=\"_ _2\"></span>, th<span class=\"_ _2\"></span>e de<span class=\"_ _2\"></span>ep<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">sea fleet plus i<span class=\"_ _2\"></span>nterdependent <span class=\"_ _2\"></span>regional flee<span class=\"_ _2\"></span>ts are 86% <span class=\"_ _2\"></span>of the <span class=\"_ _2\"></span>net </span></span>carryi<span class=\"_ _2\"></span>ng v<span class=\"_ _2\"></span>alue.<span class=\"_ _2\"></span> Aven<span class=\"_ _2\"></span>ir L<span class=\"_ _2\"></span>NG shi<span class=\"_ _2\"></span>ps <span class=\"_ _2\"></span>are c<span class=\"_ _2\"></span>onsid<span class=\"_ _2\"></span>ered <span class=\"_ _2\"></span>to b<span class=\"_ _2\"></span>e one<span class=\"_ _2\"></span> CGU.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>As the ships wi<span class=\"_ _2\"></span>thin eac<span class=\"_ _2\"></span>h CGU are in<span class=\"_ _2\"></span>terchangeable, c<span class=\"_ _2\"></span>ash inflows<span class=\"_ _2\"></span> per ship<span class=\"_ _2\"></span> are depende<span class=\"_ _2\"></span>nt on fleet scheduling, and <span class=\"_ _2\"></span>all ships w<span class=\"_ _2\"></span>ithin each C<span class=\"_ _2\"></span>GU are seen<span class=\"_ _2\"></span> together as<span class=\"_ _2\"></span> a portfolio<span class=\"_ _2\"></span> of ships. <span class=\"_ _2\"></span>Ships will o<span class=\"_ _2\"></span>nly be impaired i<span class=\"_ _2\"></span>f the total <span class=\"_ _2\"></span>recoverab<span class=\"_ _2\"></span>le amount of<span class=\"_ _2\"></span> the ships w<span class=\"_ _2\"></span>it<span class=\"ls30 ws50\">hi<span class=\"_ _2\"></span>n a C<span class=\"_ _2\"></span>GU is<span class=\"_ _2\"></span> lowe<span class=\"_ _2\"></span>r th<span class=\"_ _2\"></span>an the<span class=\"_ _2\"></span> ca<span class=\"_ _2\"></span>rrying<span class=\"_ _2\"></span> </span>amount<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>ated <span class=\"_ _2\"></span>to th<span class=\"_ _2\"></span>at C<span class=\"_ _2\"></span>GU.<span class=\"ls1 ws0\"> </span>For the Termi<span class=\"_ _2\"></span>nals, each te<span class=\"_ _2\"></span>rminal <span class=\"_ _2\"></span>is a separat<span class=\"_ _2\"></span>e CGU while <span class=\"_ _2\"></span>STC is c<span class=\"_ _2\"></span>onsidered to<span class=\"_ _2\"></span> be a si<span class=\"_ _2\"></span>ngle CGU. For<span class=\"ls1 ws0\"> </span><span class=\"ws50\">Stolt<span class=\"_ _2\"></span> Sea<span class=\"_ _2\"></span> Farm<span class=\"_ _2\"></span>, CG<span class=\"_ _2\"></span>Us are<span class=\"_ _2\"></span> se<span class=\"_ _2\"></span>parate<span class=\"_ _2\"></span>d be<span class=\"_ _2\"></span>twee<span class=\"_ _2\"></span>n turb<span class=\"_ _2\"></span>ot a<span class=\"_ _2\"></span>nd sol<span class=\"_ _2\"></span>e ope<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ons.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>For T<span class=\"_ _2\"></span>ankers<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> Ave<span class=\"_ _2\"></span>nir,<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>reco<span class=\"_ _2\"></span>verable<span class=\"_ _2\"></span> amou<span class=\"_ _2\"></span>nts w<span class=\"_ _2\"></span>ere b<span class=\"_ _2\"></span>ased<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>FVLCT<span class=\"_ _2\"></span>S. F<span class=\"_ _2\"></span>or Term<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>ls, T<span class=\"_ _2\"></span>ank<span class=\"_ _2\"></span> Contai<span class=\"_ _2\"></span>ners<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> Stol<span class=\"_ _2\"></span>t Se<span class=\"_ _2\"></span>a Farm<span class=\"_ _2\"></span> CGU<span class=\"_ _2\"></span>s, the<span class=\"_ _2\"></span> reco<span class=\"_ _2\"></span>ver<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span> amoun<span class=\"_ _2\"></span>ts w<span class=\"_ _2\"></span>ere b<span class=\"_ _2\"></span>ased<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>VIU w<span class=\"_ _2\"></span>hich<span class=\"_ _2\"></span> used <span class=\"_ _2\"></span>a discou<span class=\"_ _2\"></span>nted<span class=\"_ _2\"></span> cash<span class=\"_ _2\"></span> flow<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he ap<span class=\"_ _2\"></span>prove<span class=\"_ _2\"></span>d pro<span class=\"_ _2\"></span>jecti<span class=\"_ _2\"></span>ons i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>ve<span class=\"ls1 ws0\">-</span><span class=\"ws4f\">year p<span class=\"_ _2\"></span>lan.<span class=\"ls1 ws0\"> </span></span>Based<span class=\"_ _2\"></span> on m<span class=\"_ _2\"></span>anage<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> judgem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> and p<span class=\"_ _2\"></span>ast<span class=\"_ _2\"></span> expe<span class=\"_ _2\"></span>rience<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> f<span class=\"_ _2\"></span>ollow<span class=\"_ _2\"></span>ing <span class=\"_ _2\"></span>assump<span class=\"_ _2\"></span>tions<span class=\"_ _2\"></span> were<span class=\"_ _2\"></span> use<span class=\"_ _2\"></span>d in<span class=\"_ _2\"></span> the calc<span class=\"_ _2\"></span>ulati<span class=\"_ _2\"></span>on of VI<span class=\"_ _2\"></span>U:<span class=\"ls1 ws0\"> </span>\u2022<span class=\"ff11d\"> <span class=\"_ _b\"> </span><span class=\"ff119 fs39 fc2 ls4b ws77\">Pre<span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">tax disc<span class=\"_ _2\"></span>oun<span class=\"_ _2\"></span>t rate<span class=\"_ _2\"></span>s r<span class=\"_ _2\"></span>ange f<span class=\"_ _2\"></span>rom<span class=\"_ _2\"></span> <span class=\"ls31 ws51\">7.0% to 10.8%<span class=\"ls59 ws95\">, <span class=\"ls2f ws70\">based on the WACC<span class=\"_ _2\"></span>, which reflects<span class=\"_ _2\"></span> specific </span></span></span></span></span></span></span>risks relating<span class=\"_ _2\"></span> to CGUs.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>\u2022<span class=\"ff11d\"> <span class=\"_ _b\"> </span><span class=\"ff119 fs39 fc2 ls30 ws50\">Future g<span class=\"_ _2\"></span>rowt<span class=\"_ _2\"></span>h rate<span class=\"_ _2\"></span>s <span class=\"ls2f ws4e\">were </span>base<span class=\"_ _2\"></span>d <span class=\"_ _2\"></span>on tre<span class=\"_ _2\"></span>nds i<span class=\"_ _2\"></span>n ind<span class=\"_ _2\"></span>ust<span class=\"_ _2\"></span>rial p<span class=\"_ _2\"></span>roduc<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> </span><span class=\"ws4f\">and suppl<span class=\"_ _2\"></span>y<span class=\"ls1 ws0\">-</span></span>demand b<span class=\"_ _2\"></span>ala<span class=\"_ _2\"></span>nce i<span class=\"_ _2\"></span>n </span></span>the m<span class=\"_ _2\"></span>arkets<span class=\"_ _2\"></span><span class=\"ls1 ws0\">. <span class=\"_ _1\"></span><span class=\"ls30 ws50\">Fo<span class=\"_ _2\"></span>r Tank<span class=\"_ _2\"></span>ers,<span class=\"_ _2\"></span> after<span class=\"_ _2\"></span> adjus<span class=\"_ _2\"></span>tmen<span class=\"_ _2\"></span>t of<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span>s ov<span class=\"_ _2\"></span>er two<span class=\"_ _2\"></span> yea<span class=\"_ _2\"></span>rs t<span class=\"_ _2\"></span>o the<span class=\"_ _2\"></span> long<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span>term <span class=\"_ _2\"></span>average<span class=\"_ _2\"></span> TCE<span class=\"_ _2\"></span>, </span></span>the gro<span class=\"_ _2\"></span>wth<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span> is 2<span class=\"_ _2\"></span>.0%.<span class=\"_ _2\"></span> For<span class=\"_ _2\"></span> all o<span class=\"_ _2\"></span>ther<span class=\"_ _2\"></span> CGUs<span class=\"_ _2\"></span>, t<span class=\"_ _2\"></span>he g<span class=\"_ _2\"></span>rowth<span class=\"ls1 ws0\"> </span>rate<span class=\"_ _2\"></span> used<span class=\"_ _2\"></span> b<span class=\"_ _2\"></span>eyond <span class=\"_ _2\"></span>the pr<span class=\"_ _2\"></span>ojec<span class=\"_ _2\"></span>tion p<span class=\"_ _2\"></span>eriod<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">is </span></span>2<span class=\"ls4c ws79\">.0<span class=\"ls2f ws70\">%, which does not ex<span class=\"_ _2\"></span>ceed the lo<span class=\"_ _2\"></span>ng</span></span>-<span class=\"ls2f ws75\">term average inflation rate for the <span class=\"ls4b ws77\">CGUs<span class=\"_ _2\"></span></span></span>. \u2022<span class=\"ff11d\"> <span class=\"_ _b\"> </span><span class=\"ff119 fs39 fc2 ls30 ws50\">For Tanke<span class=\"_ _2\"></span>rs, <span class=\"_ _2\"></span>assum<span class=\"_ _2\"></span>pti<span class=\"_ _2\"></span>ons<span class=\"ls1 ws0\"> <span class=\"ls4a ws76\">of</span> <span class=\"ls2f ws70\">time charter eq<span class=\"_ _2\"></span>uivalent (TCE<span class=\"_ _2\"></span>)</span> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">pe<span class=\"_ _2\"></span>r op<span class=\"_ _2\"></span>era<span class=\"_ _2\"></span>ting<span class=\"_ _2\"></span> day (<span class=\"_ _2\"></span>a p<span class=\"_ _2\"></span>rofit m<span class=\"_ _2\"></span>eas<span class=\"_ _2\"></span>ure of<span class=\"_ _2\"></span> </span></span></span></span>opera<span class=\"_ _2\"></span>ting reve<span class=\"_ _2\"></span>nue<span class=\"_ _2\"></span> less va<span class=\"_ _2\"></span>riabl<span class=\"_ _2\"></span>e voyag<span class=\"_ _2\"></span>e expe<span class=\"_ _2\"></span>nses<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws50\">incl<span class=\"_ _2\"></span>uding<span class=\"_ _2\"></span> bunke<span class=\"_ _2\"></span>r co<span class=\"_ _2\"></span>sts<span class=\"ls1 ws0\">) </span>on existi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>and f<span class=\"_ _2\"></span>uture<span class=\"_ _2\"></span> </span></span>contrac<span class=\"_ _2\"></span>ts<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>the sp<span class=\"_ _2\"></span>ot m<span class=\"_ _2\"></span>arke<span class=\"_ _2\"></span>t<span class=\"ls49 ws78\">, </span>during <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> projec<span class=\"_ _2\"></span>t pe<span class=\"_ _2\"></span>riod<span class=\"_ _2\"></span> from<span class=\"_ _2\"></span> 202<span class=\"_ _2\"></span><span class=\"ls1 ws0\">6 <span class=\"_ _1\"></span><span class=\"ls53 ws32\">to 2<span class=\"_ _2\"></span>0<span class=\"ls31 ws53\">30<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">for the deep</span>-<span class=\"ls2f ws70\">sea fleet </span></span></span></span></span>(adjust<span class=\"_ _2\"></span>ed f<span class=\"_ _2\"></span>or cap<span class=\"_ _2\"></span>aci<span class=\"_ _2\"></span>ty ch<span class=\"_ _2\"></span>ange<span class=\"_ _2\"></span>s) i<span class=\"_ _2\"></span>s an av<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>age <span class=\"ls57 ws86\">in</span>crease<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> <span class=\"ls46 ws6f\">1.2<span class=\"_ _2\"></span>% </span><span class=\"ws52\">and<span class=\"ls1 ws0\"> </span><span class=\"ws4f\">for the <span class=\"ls1 ws0\">r<span class=\"ls2f ws70\">egional fleets <span class=\"_ _2\"></span>is <span class=\"ls48 ws72\">0.8%<span class=\"_ _2\"></span>. </span></span></span></span></span>In addition, it<span class=\"_ _2\"></span> is ass<span class=\"_ _2\"></span>umed that the p<span class=\"_ _2\"></span>ercentage of C<span class=\"_ _2\"></span>OA to spo<span class=\"_ _2\"></span>t volume doe<span class=\"_ _2\"></span>s not c<span class=\"_ _2\"></span>hange materially from c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>nt p<span class=\"_ _2\"></span>roject<span class=\"_ _2\"></span>ions<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> COA<span class=\"_ _2\"></span> cont<span class=\"_ _2\"></span>racts <span class=\"_ _2\"></span>are <span class=\"_ _2\"></span>reneg<span class=\"_ _2\"></span>oti<span class=\"_ _2\"></span>ated s<span class=\"_ _2\"></span>ucc<span class=\"_ _2\"></span>essfu<span class=\"_ _2\"></span>lly. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>\u2022<span class=\"ff11d\"> <span class=\"_ _b\"> </span><span class=\"ff119 fs39 fc2 ls30 ws50\">For Term<span class=\"_ _2\"></span>inals<span class=\"_ _2\"></span>, as<span class=\"_ _2\"></span>sumpti<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>utili<span class=\"_ _2\"></span>satio<span class=\"_ _2\"></span>n and<span class=\"_ _2\"></span> ma<span class=\"_ _2\"></span>rgins<span class=\"_ _2\"></span> were<span class=\"_ _2\"></span> bas<span class=\"_ _2\"></span>ed o<span class=\"_ _2\"></span>n cur<span class=\"_ _2\"></span>rent c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>acts,<span class=\"_ _2\"></span> pas<span class=\"_ _2\"></span>t </span></span>expe<span class=\"_ _2\"></span>rience<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>trends<span class=\"_ _2\"></span> in i<span class=\"_ _2\"></span>ndu<span class=\"_ _2\"></span>stri<span class=\"_ _2\"></span>al p<span class=\"_ _2\"></span>roducti<span class=\"_ _2\"></span>on.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>\u2022<span class=\"ff11d\"> <span class=\"_ _b\"> </span><span class=\"ff119 fs39 fc2 ls30 ws50\">For STC<span class=\"_ _2\"></span>, fut<span class=\"_ _2\"></span>ure es<span class=\"_ _2\"></span>cal<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span> of p<span class=\"_ _2\"></span>rice<span class=\"_ _2\"></span> and c<span class=\"_ _2\"></span>ost i<span class=\"_ _2\"></span>ncre<span class=\"_ _2\"></span>ases<span class=\"_ _2\"></span> obtai<span class=\"_ _2\"></span>ned<span class=\"_ _2\"></span> from<span class=\"_ _2\"></span> shipp<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>transp<span class=\"_ _2\"></span>orta<span class=\"_ _2\"></span>tion </span></span>carrie<span class=\"_ _2\"></span>rs and<span class=\"_ _2\"></span> ex<span class=\"_ _2\"></span>tent<span class=\"_ _2\"></span> of cap<span class=\"_ _2\"></span>ita<span class=\"_ _2\"></span>l exp<span class=\"_ _2\"></span>endi<span class=\"_ _2\"></span>ture<span class=\"_ _2\"></span>s from<span class=\"_ _2\"></span> Ta<span class=\"_ _2\"></span>nk Con<span class=\"_ _2\"></span>taine<span class=\"_ _2\"></span>rs\u2019 <span class=\"_ _2\"></span>appro<span class=\"_ _2\"></span>ved c<span class=\"_ _2\"></span>apit<span class=\"_ _2\"></span>al ex<span class=\"_ _2\"></span>pendi<span class=\"_ _2\"></span>ture<span class=\"_ _2\"></span> projections a<span class=\"_ _2\"></span>nd competition.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>For <span class=\"_ _2\"></span>FVLCT<span class=\"_ _2\"></span>S fo<span class=\"_ _2\"></span>r Tanke<span class=\"_ _2\"></span>rs,<span class=\"_ _2\"></span> brok<span class=\"_ _2\"></span>er <span class=\"_ _2\"></span>valua<span class=\"_ _2\"></span>tions w<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span> obt<span class=\"_ _2\"></span>ained f<span class=\"_ _2\"></span>rom<span class=\"_ _2\"></span> third<span class=\"_ _2\"></span> pa<span class=\"_ _2\"></span>rties<span class=\"_ _2\"></span><span class=\"ls1 ws0\">. </span>No <span class=\"ls30 ws52\">impai<span class=\"_ _2\"></span>rment<span class=\"ls1 ws0\"> </span><span class=\"ws50\">was <span class=\"_ _2\"></span>noted<span class=\"_ _2\"></span> thoug<span class=\"_ _2\"></span>h <span class=\"_ _2\"></span>there w<span class=\"_ _2\"></span>as m<span class=\"_ _2\"></span>inim<span class=\"_ _2\"></span>al he<span class=\"_ _2\"></span>adro<span class=\"_ _2\"></span>om f<span class=\"_ _2\"></span>or the<span class=\"_ _2\"></span> Aus<span class=\"_ _2\"></span>tralia<span class=\"_ _2\"></span> term<span class=\"_ _2\"></span>inal.<span class=\"_ _2\"></span> </span></span>See<span class=\"ls1 ws0\"> <span class=\"ls4b ws77\">Note<span class=\"_ _2\"></span></span> <span class=\"ls31 ws53\">2.<span class=\"_ _195\"> </span></span></span>Concen<span class=\"_ _2\"></span>tration of cr<span class=\"_ _2\"></span>edit risk<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>T<span class=\"ff16d ls2f ws70\">r<span class=\"_ _1\"></span>ade<span class=\"_ _2\"></span> receivables a<span class=\"_ _2\"></span>re from cu<span class=\"_ _2\"></span>stomers acros<span class=\"_ _2\"></span>s all lines <span class=\"_ _2\"></span>of the <span class=\"_ _2\"></span>Group\u2019s busine<span class=\"_ _2\"></span>ss. The <span class=\"_ _2\"></span>Group extend<span class=\"_ _2\"></span>s </span>credit<span class=\"_ _2\"></span> to i<span class=\"_ _2\"></span>ts c<span class=\"_ _2\"></span>ustom<span class=\"_ _2\"></span>ers<span class=\"_ _2\"></span> in t<span class=\"_ _2\"></span>he no<span class=\"_ _2\"></span>rmal<span class=\"_ _2\"></span> cour<span class=\"_ _2\"></span>se of<span class=\"_ _2\"></span> busi<span class=\"_ _2\"></span>nes<span class=\"_ _2\"></span>s. The<span class=\"_ _2\"></span> ma<span class=\"_ _2\"></span>ximum<span class=\"_ _2\"></span> expos<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span> to c<span class=\"_ _2\"></span>redit<span class=\"_ _2\"></span> risk<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> the ne<span class=\"_ _2\"></span>t c<span class=\"_ _2\"></span>ustome<span class=\"_ _2\"></span>r acc<span class=\"_ _2\"></span>ounts<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>eivab<span class=\"_ _2\"></span>le b<span class=\"_ _2\"></span>alance<span class=\"_ _2\"></span>, c<span class=\"_ _2\"></span>ontrac<span class=\"_ _2\"></span>t a<span class=\"_ _2\"></span>ssets <span class=\"_ _2\"></span>a<span class=\"_ _2\"></span><span class=\"ws4f\">nd accr<span class=\"_ _2\"></span>ued reve<span class=\"_ _2\"></span>nue of $<span class=\"ls31 ws53\">35<span class=\"ls1 ws0\">6.6<span class=\"_ _1\"></span> </span></span></span>milli<span class=\"_ _2\"></span>on and<span class=\"_ _2\"></span> cas<span class=\"_ _2\"></span>h bal<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> of $<span class=\"_ _2\"></span><span class=\"ls31 ws53\">144.6 <span class=\"_ _1\"></span><span class=\"ls2f ws70\">millio<span class=\"_ _2\"></span>n. The<span class=\"ls1 ws0\"> </span>Group regula<span class=\"_ _2\"></span>rly reviews its<span class=\"_ _2\"></span> accounts <span class=\"_ _2\"></span>receivable by </span></span>perfo<span class=\"_ _2\"></span>rming<span class=\"_ _2\"></span> credi<span class=\"_ _2\"></span>t c<span class=\"_ _2\"></span>hecks<span class=\"_ _2\"></span> upon<span class=\"_ _2\"></span> ente<span class=\"_ _2\"></span>ring<span class=\"_ _2\"></span> into<span class=\"_ _2\"></span> an <span class=\"_ _2\"></span>initi<span class=\"_ _2\"></span>al s<span class=\"_ _2\"></span>ales c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ract w<span class=\"_ _2\"></span>ith<span class=\"_ _2\"></span> a cus<span class=\"_ _2\"></span>tome<span class=\"_ _2\"></span>r and<span class=\"_ _2\"></span> by<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws52\">the </span>respective busines<span class=\"_ _2\"></span>s controller<span class=\"_ _2\"></span><span class=\"ls30 ws4f\">s reg<span class=\"_ _2\"></span>ularly<span class=\"_ _2\"></span> review<span class=\"_ _2\"></span>ing t<span class=\"_ _2\"></span>he days<span class=\"_ _2\"></span> past d<span class=\"_ _2\"></span>ue acco<span class=\"_ _2\"></span>unts rec<span class=\"_ _2\"></span>eivab<span class=\"_ _2\"></span>le rep<span class=\"_ _2\"></span>orts.<span class=\"_ _2\"></span> </span>The majority o<span class=\"_ _2\"></span>f trade recei<span class=\"_ _2\"></span>vables a<span class=\"_ _2\"></span>re in US<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">do<span class=\"_ _2\"></span>llar<span class=\"_ _2\"></span>s.<span class=\"ls1 ws0\"> </span></span></span>An an<span class=\"_ _2\"></span>alysi<span class=\"_ _2\"></span>s of <span class=\"_ _2\"></span>the ag<span class=\"_ _2\"></span>e o<span class=\"_ _2\"></span>f c<span class=\"_ _2\"></span>ustom<span class=\"_ _2\"></span>er tr<span class=\"_ _2\"></span>ade <span class=\"_ _2\"></span>recei<span class=\"_ _2\"></span>vable<span class=\"_ _2\"></span>s th<span class=\"_ _2\"></span>at a<span class=\"_ _2\"></span>re pas<span class=\"_ _2\"></span>t d<span class=\"_ _2\"></span>ue is<span class=\"_ _2\"></span> as f<span class=\"_ _2\"></span>ollow<span class=\"_ _2\"></span>s:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><table class=\"s w19b h152\" id=\"_0a49ecce-9c32-4f1e-9cd2-11679da91266\"><tr><td></td><td class=\"c x2cb y2e1c wce hb7\"><div class=\"t m0 x182 h85 y1f54 ff16b fs3b fc2 sc0 ls69 wsd6\">As of Nov<span class=\"_ _1\"></span>e<span class=\"_ _2\"></span>mber 30, 20<span class=\"ls1b ws2f\">25</span><span class=\"ls1b ws2f\"><span class=\"ls1 ws0\"> </span></span></div></td><td></td></tr><tr><td class=\"c x246 y2e1d w170 h102\"><div class=\"t m0 x245 h82 y29a6 ff16c fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2f3 h82 y29a7 ff16c fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x2cc y2e1e w20 h83\"><div class=\"t m0 x17d h85 y1f57 ff16b fs3b fc2 sc0 ls65 ws30\">Not Impaired<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e1e w2a h83\"><div class=\"t m0 x18f h85 y1f57 ff16b fs3b fc2 sc0 ls65 ws99\">Impaired<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e1f w6c h86\"><div class=\"t m0 x0 h88 y1be8 ff16c fs3a fc2 sc0 ls24 ws3b\">Current<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e1f w20 h86\"><div class=\"t m0 x180 h87 y1be8 ff16b fs3a fc2 sc0 ls21 ws35\">178,<span class=\"_ _2\"></span>780<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e1f w2a h86\"><div class=\"t m0 x193 h87 y1be8 ff16b fs3a fc2 sc0 ls27 ws3f\">31<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e20 w6c h8a\"><div class=\"t m0 x0 h88 y1c65 ff16c fs3a fc2 sc0 ls20 ws34\">Up to 3<span class=\"_ _2\"></span>0 days pa<span class=\"_ _2\"></span>st due<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e20 w20 h8a\"><div class=\"t m0 x179 h87 y1c65 ff16b fs3a fc2 sc0 ls23 ws39\">69,049<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e20 w2a h8a\"><div class=\"t m0 x177 h87 y1c65 ff16b fs3a fc2 sc0 ls21 ws35\">509<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e21 w6c h86\"><div class=\"t m0 x0 h88 y1bef ff16c fs3a fc2 sc0 ls20 ws34\">31 to 6<span class=\"_ _2\"></span>0 days <span class=\"_ _2\"></span>past due<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e21 w20 h86\"><div class=\"t m0 x179 h87 y1bef ff16b fs3a fc2 sc0 ls23 ws39\">19,962<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e21 w2a h86\"><div class=\"t m0 x177 h87 y1bef ff16b fs3a fc2 sc0 ls21 ws35\">362<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e22 w6c h86\"><div class=\"t m0 x0 h88 y1bf4 ff16c fs3a fc2 sc0 ls20 ws34\">61 to 9<span class=\"_ _2\"></span>0 days <span class=\"_ _2\"></span>past due<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e22 w20 h86\"><div class=\"t m0 x179 h87 y1bf4 ff16b fs3a fc2 sc0 ls23 ws39\">13,213<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e22 w2a h86\"><div class=\"t m0 x177 h87 y1bf4 ff16b fs3a fc2 sc0 ls21 ws35\">202<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e23 w6c h8a\"><div class=\"t m0 x0 h88 y1c3f ff16c fs3a fc2 sc0 ls24 ws3a\">Greater than 91 days past due<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e23 w20 h8a\"><div class=\"t m0 x179 h87 y1c3f ff16b fs3a fc2 sc0 ls23 ws39\">30,769<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e23 w2a h8a\"><div class=\"t m0 x179 h87 y1c3f ff16b fs3a fc2 sc0 ls23 ws39\">22,111<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2cc y2e24 w20 h8b\"><div class=\"t m0 x180 h87 y1bf4 ff16b fs3a fc2 sc0 ls21 ws35\">311,<span class=\"_ _2\"></span>773<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e24 w2a h8b\"><div class=\"t m0 x179 h87 y1bf4 ff16b fs3a fc2 sc0 ls21 ws35\">23,<span class=\"ls66 ws9d\">215</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td></tr></table><table class=\"s w19b h151\" id=\"_6b472ffa-3036-4c7f-8178-4c8aa7a7b817\"><tr><td></td><td class=\"c x2cb y2e14 wce hbe\"><div class=\"t m0 x185 h82 y1eb6 ff16c fs3b fc2 sc0 ls1 ws32\">As of November 30, 20<span class=\"ls1b ws2f\">24</span><span class=\"ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x241 y2e15 w6c hb9\"><div class=\"t m0 x0 h82 y1c7b ff16c fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"c x2cc y2e15 w20 hb9\"><div class=\"t m0 x17a h82 y2307 ff16c fs3b fc2 sc0 ls1 ws9b\">Not Impaired<span class=\"ws0\"> </span></div></td><td class=\"c x244 y2e15 w2a hb9\"><div class=\"t m0 x183 h82 y2307 ff16c fs3b fc2 sc0 ls1d ws31\">Impaired<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e16 w6c h86\"><div class=\"t m0 x0 h88 y1bef ff16c fs3a fc2 sc0 ls24 ws3b\">Current<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e16 w20 h86\"><div class=\"t m0 x181 h88 y1bef ff16c fs3a fc2 sc0 ls20 ws36\">216,899<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e16 w2a h86\"><div class=\"t m0 x171 h88 y1bef ff16c fs3a fc2 sc0 ls20 ws36\">127<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e17 w6c h86\"><div class=\"t m0 x0 h88 y1bf4 ff16c fs3a fc2 sc0 ls20 ws34\">Up to 3<span class=\"_ _2\"></span>0 days pa<span class=\"_ _2\"></span>st due<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e17 w20 h86\"><div class=\"t m0 x183 h88 y1bf4 ff16c fs3a fc2 sc0 ls20 ws36\">60,917<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e17 w2a h86\"><div class=\"t m0 x171 h88 y1bf4 ff16c fs3a fc2 sc0 ls20 ws36\">709<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e18 w6c h8a\"><div class=\"t m0 x0 h88 y1c3f ff16c fs3a fc2 sc0 ls20 ws34\">31 to 6<span class=\"_ _2\"></span>0 days <span class=\"_ _2\"></span>past due<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e18 w20 h8a\"><div class=\"t m0 x183 h88 y1c3f ff16c fs3a fc2 sc0 ls20 ws36\">22,763<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e18 w2a h8a\"><div class=\"t m0 x171 h88 y1c3f ff16c fs3a fc2 sc0 ls20 ws36\">494<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e19 w6c h86\"><div class=\"t m0 x0 h88 y1bf4 ff16c fs3a fc2 sc0 ls20 ws34\">61 to 9<span class=\"_ _2\"></span>0 days <span class=\"_ _2\"></span>past due<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e19 w20 h86\"><div class=\"t m0 x183 h88 y1bf4 ff16c fs3a fc2 sc0 ls20 ws36\">13,106<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e19 w2a h86\"><div class=\"t m0 x171 h88 y1bf4 ff16c fs3a fc2 sc0 ls20 ws36\">323<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e1a w6c h86\"><div class=\"t m0 x0 h88 y1bfa ff16c fs3a fc2 sc0 ls24 ws3a\">Greater than 91 days past due<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e1a w20 h86\"><div class=\"t m0 x183 h88 y1bfa ff16c fs3a fc2 sc0 ls20 ws36\">31,647<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e1a w2a h86\"><div class=\"t m0 x183 h88 y1bfa ff16c fs3a fc2 sc0 ls20 ws36\">19,538<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2cc y2e1b w20 h86\"><div class=\"t m0 x181 h88 y1bf8 ff16c fs3a fc2 sc0 ls20 ws36\">345,332<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e1b w2a h86\"><div class=\"t m0 x183 h88 y1bf8 ff16c fs3a fc2 sc0 ls20 ws36\">21,191<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>No col<span class=\"_ _2\"></span>late<span class=\"_ _2\"></span>ral is<span class=\"_ _2\"></span> hel<span class=\"_ _2\"></span>d on<span class=\"_ _2\"></span> any <span class=\"_ _2\"></span>acco<span class=\"_ _2\"></span>unts <span class=\"_ _2\"></span>recei<span class=\"_ _2\"></span>vable<span class=\"_ _2\"></span>.<span class=\"_ _195\"> </span><span class=\"ls1 ws0\"> </span>The onl<span class=\"_ _2\"></span>y m<span class=\"_ _2\"></span>ateri<span class=\"_ _2\"></span>al los<span class=\"_ _2\"></span>s al<span class=\"_ _2\"></span>low<span class=\"_ _2\"></span>ance he<span class=\"_ _2\"></span>ld ag<span class=\"_ _2\"></span>ains<span class=\"_ _2\"></span>t fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>assets<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>ates t<span class=\"_ _2\"></span>o tr<span class=\"_ _2\"></span>ade re<span class=\"_ _2\"></span>ceivab<span class=\"_ _2\"></span>les<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span>is calculated o<span class=\"_ _2\"></span>n a lifet<span class=\"_ _2\"></span>ime expected los<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">b<span class=\"_ _2\"></span>asi<span class=\"_ _2\"></span>s. The<span class=\"_ _2\"></span>re<span class=\"ls1 ws0\"> <span class=\"ls47 ws82\">have<span class=\"_ _1\"></span> been no chan<span class=\"_ _1\"></span>ges in the esti<span class=\"_ _1\"></span>mation </span></span></span></span>techni<span class=\"_ _2\"></span>ques <span class=\"_ _2\"></span>appli<span class=\"_ _2\"></span>ed i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> calc<span class=\"_ _2\"></span>ula<span class=\"_ _2\"></span>tion o<span class=\"_ _2\"></span>f the<span class=\"_ _2\"></span> los<span class=\"_ _2\"></span>s all<span class=\"_ _2\"></span>owance<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>uring <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span><span class=\"ls2f ws4e\">year<span class=\"ls50 ws7d\">. <span class=\"ls1 ws0\"> </span></span></span>The allowance fo<span class=\"_ _2\"></span>r impairmen<span class=\"_ _2\"></span>t on customer<span class=\"_ _2\"></span> trade receiv<span class=\"_ _2\"></span>ables changed<span class=\"_ _2\"></span> as follows:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><table class=\"s w199 h150\" id=\"_2e28477b-4bdb-41c6-8d41-407a265e5a81\"><tr><td></td><td class=\"c x2cb y2e0a wce h83\"><div class=\"t m0 x171 h82 y1bd2 ff16c fs3b fc2 sc0 ls1 ws32\">As of Nove<span class=\"ls69 wsa2\">mber 30</span><span class=\"ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2e0c w170 h10c\"><div class=\"t m0 x245 h82 y2e0b ff16c fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2f3 h82 y2e0b ff16c fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x2cc y2e0d w20 h83\"><div class=\"t m0 x177 h85 y1bd8 ff16b fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e0d w2a h83\"><div class=\"t m0 x1a0 h82 y1bd8 ff16c fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e0e w6c h93\"><div class=\"t m0 x0 h88 y23b2 ff16c fs3a fc2 sc0 ls22 ws37\">Allowance f<span class=\"_ _1\"></span>or impairment on cu<span class=\"_ _1\"></span>stomer trade <span class=\"ls28 ws0\">and accr<span class=\"_ _2\"></span>ued <span class=\"ls26 ws47\">receivables, </span></span></div><div class=\"t m0 x0 h88 y1c2d ff16c fs3a fc2 sc0 ls22 ws37\">brought f<span class=\"_ _1\"></span>orward<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x380 h87 y2e0f ff16b fs3a fc2 sc0 ls23 ws39\">21,191<span class=\"_ _195\"> </span></td><td class=\"t m0 x248 h88 y2e0f ff16c fs3a fc2 sc0 ls20 ws36\">21,278<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x241 y2e10 w6c h86\"><div class=\"t m0 x0 h88 y1bde ff16c fs3a fc2 sc0 ls2a ws45\">Impair<span class=\"_ _2\"></span>ment<span class=\"ls1 ws0\"> <span class=\"ls26 ws3d\">recognised<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span> net</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"> <span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2cc y2e10 w20 h86\"><div class=\"t m0 x185 h87 y1bde ff16b fs3a fc2 sc0 ls21 ws35\">2,50<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e10 w2a h86\"><div class=\"t m0 x184 h88 y1bde ff16c fs3a fc2 sc0 ls20 ws36\">3,112<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e11 w6c h8b\"><div class=\"t m0 x0 h88 y1c05 ff16c fs3a fc2 sc0 ls24 ws3a\">Accounts written off<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e11 w24 h8b\"><div class=\"t m0 x47 h87 y1c05 ff16b fs3a fc2 sc0 ls21 ws35\">(481)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x382 y2e12 w19a hfb\"><div class=\"t m0 x245 h88 y29ed ff16c fs3a fc2 sc0 ls20 ws36\">(3,199<span class=\"_ _195\"> </span></div><div class=\"t m0 x381 h88 y29ed ff16c fs3a fc2 sc0 ls1 ws0\">)<span class=\"_ _195\"> </span></div></td></tr><tr><td class=\"c x241 y2e13 w6c h8c\"><div class=\"t m0 x0 h87 y1c09 ff16b fs3a fc2 sc0 ls1f ws33\">Balan<span class=\"_ _2\"></span>ce at the en<span class=\"_ _2\"></span>d of th<span class=\"_ _2\"></span>e year<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e13 w20 h8c\"><div class=\"t m0 x179 h87 y1c09 ff16b fs3a fc2 sc0 ls23 ws39\">23,215<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e13 w2a h8c\"><div class=\"t m0 x183 h88 y1c09 ff16c fs3a fc2 sc0 ls20 ws36\">21,191<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>The amount o<span class=\"_ _2\"></span>f the impai<span class=\"_ _2\"></span>rment allowa<span class=\"_ _2\"></span>nce on recei<span class=\"_ _2\"></span>vables is b<span class=\"_ _2\"></span>ased on the<span class=\"_ _2\"></span> age of unpaid<span class=\"_ _2\"></span> balances<span class=\"_ _2\"></span>, inform<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n abou<span class=\"_ _2\"></span>t the cur<span class=\"_ _2\"></span>rent <span class=\"ls2f ws70\">an<span class=\"_ _2\"></span>d expected futu<span class=\"_ _2\"></span>re </span><span class=\"ws50\">fin<span class=\"_ _2\"></span>ancial<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>nditi<span class=\"_ _2\"></span>on o<span class=\"_ _2\"></span>f cus<span class=\"_ _2\"></span>tomers<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>and t<span class=\"_ _2\"></span>he </span>market<span class=\"_ _2\"></span>s in<span class=\"_ _2\"></span> whic<span class=\"_ _2\"></span>h they<span class=\"_ _2\"></span> ope<span class=\"_ _2\"></span>rate<span class=\"_ _2\"></span>, and<span class=\"_ _2\"></span> othe<span class=\"_ _2\"></span>r rele<span class=\"_ _2\"></span>vant<span class=\"_ _2\"></span> inf<span class=\"_ _2\"></span>ormat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>. M<span class=\"_ _2\"></span>anagem<span class=\"_ _2\"></span>ent do<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>not be<span class=\"_ _2\"></span>lieve<span class=\"_ _2\"></span> significant risk<span class=\"_ _2\"></span> exists in<span class=\"_ _2\"></span> connection wi<span class=\"_ _2\"></span>th concentrat<span class=\"_ _2\"></span>ions of c<span class=\"_ _2\"></span>redit as of <span class=\"_ _2\"></span>November<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">30, 20<span class=\"ls1 ws0\">25<span class=\"ls30 ws50\">. There </span></span></span></span>have b<span class=\"_ _2\"></span>een <span class=\"_ _2\"></span>no sig<span class=\"_ _2\"></span>nifi<span class=\"_ _2\"></span>can<span class=\"_ _2\"></span>t cha<span class=\"_ _2\"></span>nges<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span>the im<span class=\"_ _2\"></span>pairm<span class=\"_ _2\"></span>ent <span class=\"_ _2\"></span>allow<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> <span class=\"ws52\">be<span class=\"_ _2\"></span>cause<span class=\"ls1 ws0\"> </span></span>of c<span class=\"_ _2\"></span>hange<span class=\"_ _2\"></span>s in<span class=\"_ _2\"></span> the g<span class=\"_ _2\"></span>ros<span class=\"_ _2\"></span>s carryi<span class=\"_ _2\"></span>ng am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> trade<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">r<span class=\"_ _1\"></span>ece<span class=\"_ _2\"></span>ivables.</span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws4e\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-579": {
   "value": "12<span class=\"ls1 ws0\">. Inventories and Biological Ass<span class=\"_ _1\"></span>ets, Ne<span class=\"_ _2\"></span>t </span>Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span>Invent<span class=\"_ _2\"></span>ori<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>are<span class=\"_ _2\"></span> meas<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>d at t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> low<span class=\"_ _2\"></span>er of<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>st <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>net r<span class=\"_ _2\"></span>eali<span class=\"_ _2\"></span>sab<span class=\"_ _2\"></span>le v<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>ue. T<span class=\"_ _2\"></span>he co<span class=\"_ _2\"></span>st <span class=\"_ _2\"></span>of i<span class=\"_ _2\"></span>nvent<span class=\"_ _2\"></span>ori<span class=\"_ _2\"></span>es i<span class=\"_ _2\"></span>s based on<span class=\"_ _2\"></span> the first<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls49 wsaa\">in, fi<span class=\"_ _2\"></span>rst<span class=\"_ _2\"></span></span>-<span class=\"_ _1\"></span><span class=\"ls54 ws70\">out prin<span class=\"_ _2\"></span>ciple and<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>es<span class=\"_ _2\"></span> expe<span class=\"_ _2\"></span>ndit<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>ncurr<span class=\"_ _2\"></span>ed i<span class=\"_ _2\"></span>n ac<span class=\"_ _2\"></span>qui<span class=\"_ _2\"></span>ring<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> inv<span class=\"_ _2\"></span>ento<span class=\"_ _2\"></span>rie<span class=\"_ _2\"></span>s </span></span></span></span>and b<span class=\"_ _2\"></span>ring<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> them<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>hei<span class=\"_ _2\"></span>r ex<span class=\"_ _2\"></span>ist<span class=\"_ _2\"></span>ing l<span class=\"_ _2\"></span>ocat<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>and<span class=\"_ _2\"></span> con<span class=\"_ _2\"></span>diti<span class=\"_ _2\"></span>on.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Net reali<span class=\"_ _2\"></span>sable <span class=\"_ _2\"></span>value is t<span class=\"_ _2\"></span>he estim<span class=\"_ _2\"></span>ated sel<span class=\"_ _2\"></span>ling pri<span class=\"_ _2\"></span>ce in th<span class=\"_ _2\"></span>e ordi<span class=\"_ _2\"></span>nary co<span class=\"_ _2\"></span>urse of b<span class=\"_ _2\"></span>usiness<span class=\"_ _2\"></span>, less th<span class=\"_ _2\"></span>e estimated costs <span class=\"_ _1\"></span>of completion and selling<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">exp<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>ses.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span>The cost of items transferred fro<span class=\"_ _2\"></span>m biological assets to inventory is the fair <span class=\"_ _2\"></span>value less costs to sell <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>at t<span class=\"_ _2\"></span>he dat<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> h<span class=\"_ _2\"></span>arve<span class=\"_ _2\"></span>st.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Biological assets primarily<span class=\"_ _1\"></span> comprised turbot and sole, wh<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ch include <span class=\"_ _1\"></span>fis<span class=\"_ _2\"></span>h with <span class=\"_ _1\"></span>and without an active mark<span class=\"_ _2\"></span>et fo<span class=\"_ _2\"></span>r s<span class=\"_ _2\"></span>ale (<span class=\"_ _2\"></span>\u2018mat<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>\u2019 a<span class=\"_ _2\"></span>nd \u2018j<span class=\"_ _2\"></span>uveni<span class=\"_ _2\"></span>le<span class=\"_ _2\"></span>\u2019 fi<span class=\"_ _2\"></span>sh),<span class=\"_ _2\"></span> whic<span class=\"_ _2\"></span>h <span class=\"_ _2\"></span>are f<span class=\"_ _2\"></span>arme<span class=\"_ _2\"></span>d by<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up. <span class=\"_ _2\"></span><span class=\"ffd3 ls1 ws0\"> </span>Turbot is considered \u2018mature\u2019 when it weighs m<span class=\"_ _2\"></span>ore than 300 <span class=\"ffd3 ls48 ws72\">gra<span class=\"_ _2\"></span>mmes</span><span class=\"ffd3\">, <span class=\"_ _2\"></span>while juvenile turbot weighs </span>less than 300 <span class=\"ls4c ws79\">gramme<span class=\"_ _2\"></span>s<span class=\"ls48 ws32\">. Sole i<span class=\"_ _2\"></span>s consider<span class=\"_ _2\"></span>ed mat<span class=\"_ _2\"></span>ure at 2<span class=\"_ _2\"></span>00<span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">gramm<span class=\"_ _2\"></span>es<span class=\"wsaa\">. Al<span class=\"_ _2\"></span>l m<span class=\"_ _2\"></span>atu<span class=\"_ _2\"></span>re t<span class=\"_ _2\"></span>urb<span class=\"_ _2\"></span>ot an<span class=\"_ _2\"></span>d sol<span class=\"_ _2\"></span>e ar<span class=\"_ _2\"></span>e </span></span></span></span></span>held <span class=\"_ _2\"></span>at f<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue le<span class=\"_ _2\"></span>ss c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s to<span class=\"_ _2\"></span> sel<span class=\"_ _2\"></span>l a<span class=\"_ _2\"></span>nd co<span class=\"_ _2\"></span>sts <span class=\"_ _2\"></span>rel<span class=\"_ _2\"></span>ated t<span class=\"_ _2\"></span>o p<span class=\"_ _2\"></span>ack<span class=\"_ _2\"></span>agi<span class=\"_ _2\"></span>ng. <span class=\"_ _2\"></span>Gains<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>sses f<span class=\"_ _2\"></span>rom<span class=\"_ _2\"></span> ch<span class=\"_ _2\"></span>anges<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n fair<span class=\"_ _2\"></span> value<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">are</span> <span class=\"_ _1\"></span><span class=\"ls48 ws32\">recog<span class=\"_ _2\"></span>nised in t<span class=\"_ _2\"></span>he inc<span class=\"_ _2\"></span>ome statem<span class=\"_ _2\"></span>ent. Fair<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue is det<span class=\"_ _2\"></span>ermined <span class=\"_ _2\"></span>on the b<span class=\"_ _2\"></span>asis of<span class=\"_ _2\"></span> quoted </span></span>prices in the princip<span class=\"ls49 wsaa\">al m<span class=\"_ _2\"></span>ark<span class=\"_ _2\"></span>et f<span class=\"_ _2\"></span>or t<span class=\"_ _2\"></span>he fi<span class=\"_ _2\"></span>sh<span class=\"_ _2\"></span>, wh<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span> suc<span class=\"_ _2\"></span>h inf<span class=\"_ _2\"></span>orm<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> <span class=\"ls73 wsb5\">is<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">avail<span class=\"_ _2\"></span>able.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue </span></span></span></span></span>adjust<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>t o<span class=\"_ _2\"></span>n bi<span class=\"_ _2\"></span>ologi<span class=\"_ _2\"></span>cal<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>ets<span class=\"_ _2\"></span> ha<span class=\"_ _2\"></span>s no<span class=\"_ _2\"></span> cas<span class=\"_ _2\"></span>h imp<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>doe<span class=\"_ _2\"></span>s not<span class=\"_ _2\"></span><span class=\"ffce ls1 ws0\"> </span>affect<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e re<span class=\"_ _2\"></span>sult<span class=\"_ _2\"></span> of op<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>ns before unrealised fair<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">value a<span class=\"_ _2\"></span>dj<span class=\"_ _2\"></span>ustme<span class=\"_ _2\"></span>nts.<span class=\"_ _2\"></span></span> </span>Juve<span class=\"_ _2\"></span>nile<span class=\"_ _2\"></span> tur<span class=\"_ _2\"></span>bot <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>sol<span class=\"_ _2\"></span>e are <span class=\"_ _2\"></span>car<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>ed at<span class=\"_ _2\"></span> cost<span class=\"_ _2\"></span> le<span class=\"_ _2\"></span>ss pr<span class=\"_ _2\"></span>ovi<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span>on for<span class=\"_ _2\"></span> im<span class=\"_ _2\"></span>pai<span class=\"_ _2\"></span>rment<span class=\"_ _2\"></span>, a<span class=\"_ _2\"></span>s man<span class=\"_ _2\"></span>agem<span class=\"_ _2\"></span>ent d<span class=\"_ _2\"></span>oes<span class=\"_ _2\"></span> not<span class=\"_ _2\"></span> believe that reliable fair values exist.<span class=\"ls1 ws0\"> </span>This approach is<span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">used</span> <span class=\"ls49 wsaa\">to me<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>e j<span class=\"_ _2\"></span>uve<span class=\"_ _2\"></span>nile t<span class=\"_ _2\"></span>urb<span class=\"_ _2\"></span>ot <span class=\"_ _2\"></span>and s<span class=\"_ _2\"></span>ole<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span> the </span></span>followi<span class=\"_ _2\"></span>ng rea<span class=\"_ _2\"></span>son<span class=\"_ _2\"></span>s:<span class=\"ls1 ws0\"> </span>\u2022<span class=\"ffd6\"> <span class=\"_ _b\"> </span><span class=\"ffd3 fs39 fc2 ls2f ws2f\">There is no active ma<span class=\"_ _2\"></span>rket for ju<span class=\"_ _2\"></span>venile turbot <span class=\"_ _2\"></span>or sole.<span class=\"ls1 ws0\"> </span></span></span>\u2022<span class=\"ffd6\"> <span class=\"_ _b\"> </span><span class=\"ffd3 fs39 fc2 ls53\">A non<span class=\"ls1\">-<span class=\"ls49 wsaa\">activ<span class=\"_ _2\"></span>e mar<span class=\"_ _2\"></span>ket<span class=\"_ _2\"></span> pric<span class=\"_ _2\"></span>e b<span class=\"_ _2\"></span>ased<span class=\"_ _2\"></span> on<span class=\"_ _2\"></span> disc<span class=\"_ _2\"></span>ounte<span class=\"_ _2\"></span>d c<span class=\"_ _2\"></span>ash f<span class=\"_ _2\"></span>low<span class=\"_ _2\"></span>s r<span class=\"_ _2\"></span>equi<span class=\"_ _2\"></span>res <span class=\"_ _2\"></span>a num<span class=\"_ _2\"></span>ber<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>var<span class=\"_ _2\"></span>iable<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd </span></span></span></span>assu<span class=\"_ _2\"></span>mpti<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span><span class=\"ls1 ws0\">,<span class=\"_ _1\"></span> <span class=\"ls54 ws70\">which historically cannot be</span><span class=\"ffce\"> </span><span class=\"ls54 ws70\">reliably determined. Key variables and assumptions</span> </span>for t<span class=\"_ _2\"></span>urbo<span class=\"_ _2\"></span>t a<span class=\"_ _2\"></span>nd so<span class=\"_ _2\"></span>le i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>ude <span class=\"_ _2\"></span>mort<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>ity r<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>, time<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> mat<span class=\"_ _2\"></span>urit<span class=\"_ _2\"></span>y, r<span class=\"_ _2\"></span>ate <span class=\"_ _2\"></span>of g<span class=\"_ _2\"></span>rowt<span class=\"_ _2\"></span>h a<span class=\"_ _2\"></span>nd<span class=\"ffce ls1 ws0\"> </span>mark<span class=\"_ _2\"></span>et p<span class=\"_ _2\"></span>rice <span class=\"_ _2\"></span>at<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span>the poi<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span><span class=\"ls1\"> <span class=\"ls49 wsaa\">harves<span class=\"_ _2\"></span>t. Gi<span class=\"_ _2\"></span>ven <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> spe<span class=\"_ _2\"></span>cifi<span class=\"_ _2\"></span>c cir<span class=\"_ _2\"></span>cum<span class=\"_ _2\"></span>sta<span class=\"_ _2\"></span>nces f<span class=\"_ _2\"></span>or <span class=\"_ _2\"></span>juve<span class=\"_ _2\"></span>nil<span class=\"_ _2\"></span>e as<span class=\"_ _2\"></span>set<span class=\"_ _2\"></span>s, any<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>umpt<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>s </span> </span>are sub<span class=\"_ _2\"></span>jec<span class=\"_ _2\"></span>tive<span class=\"_ _2\"></span>. <span class=\"ls1 ws0\"> </span>\u2022<span class=\"ffd6\"> <span class=\"_ _b\"> </span><span class=\"ffd3 fs39 fc2 ls49 wsaa\">The ext<span class=\"_ _2\"></span>ent <span class=\"_ _2\"></span>of t<span class=\"_ _2\"></span>hes<span class=\"_ _2\"></span>e un<span class=\"_ _2\"></span>cert<span class=\"_ _2\"></span>ainti<span class=\"_ _2\"></span>es<span class=\"_ _2\"></span> als<span class=\"_ _2\"></span>o r<span class=\"_ _2\"></span>esul<span class=\"_ _2\"></span>ts i<span class=\"_ _2\"></span>n dif<span class=\"_ _2\"></span>fic<span class=\"_ _2\"></span>ult<span class=\"_ _2\"></span>y in d<span class=\"_ _2\"></span>ete<span class=\"_ _2\"></span>rmi<span class=\"_ _2\"></span>ning<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>appr<span class=\"_ _2\"></span>opr<span class=\"_ _2\"></span>iat<span class=\"_ _2\"></span>e <span class=\"ls1 ws0\"> </span></span></span>disco<span class=\"_ _2\"></span>unt<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\">  </span>A fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue <span class=\"_ _2\"></span>adj<span class=\"_ _2\"></span>ustme<span class=\"_ _2\"></span>nt i<span class=\"_ _2\"></span>s m<span class=\"_ _2\"></span>ade a<span class=\"_ _2\"></span>t the<span class=\"_ _2\"></span> poi<span class=\"_ _2\"></span>nt <span class=\"_ _2\"></span>whe<span class=\"_ _2\"></span>n pre<span class=\"_ _2\"></span>viou<span class=\"_ _2\"></span>sly <span class=\"_ _2\"></span>juve<span class=\"_ _2\"></span>ni<span class=\"_ _2\"></span>le tu<span class=\"_ _2\"></span>rbot<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> sol<span class=\"_ _2\"></span>e i<span class=\"_ _2\"></span>s con<span class=\"_ _2\"></span>side<span class=\"_ _2\"></span>red<span class=\"_ _2\"></span> to mat<span class=\"_ _2\"></span>ure. <span class=\"_ _2\"></span>These<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue <span class=\"_ _2\"></span>adj<span class=\"_ _2\"></span>ustm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> the i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Afte<span class=\"_ _2\"></span>r har<span class=\"_ _2\"></span>ves<span class=\"_ _2\"></span>t, t<span class=\"_ _2\"></span>he pr<span class=\"_ _2\"></span>od<span class=\"_ _2\"></span>uce fr<span class=\"_ _2\"></span>om <span class=\"_ _2\"></span>har<span class=\"_ _2\"></span>vest<span class=\"_ _2\"></span> is t<span class=\"_ _2\"></span>reat<span class=\"_ _2\"></span>ed a<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>nve<span class=\"_ _2\"></span>ntor<span class=\"_ _2\"></span>y and<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> at t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> poi<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> harve<span class=\"_ _2\"></span>st i<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>reat<span class=\"_ _2\"></span>ed a<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>he cos<span class=\"_ _2\"></span>t of<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>nve<span class=\"_ _2\"></span>ntor<span class=\"_ _2\"></span>y.<span class=\"_ _195\"> </span><div class=\"t m0 h98 ffda fs39 fc2 sc0 ls30 ws52 gs250\">Invent<span class=\"_ _2\"></span>orie<span class=\"_ _2\"></span>s <span class=\"ls4a ws74\">as of Nove<span class=\"_ _2\"></span>mber<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">30, 2025 and 2024 consisted o<span class=\"ls2f ws70\">f t<span class=\"_ _2\"></span>he following: <span class=\"_ _2\"></span></span></span> </span></span></div><div class=\"gs251\"><table class=\"s w169 h129\" id=\"_73f444f7-3e03-488d-8cbb-7d0fd0ac71f5\"><tr><td class=\"c x24b y2c3a w86 hc6\"><div class=\"t m0 x0 h82 y208d ffda fs3b fc2 sc0 ls1 ws32\">November 30, 2025<span class=\"_ _195\"> </span></div></td><td></td><td></td><td class=\"t m0 x2ed h85 y2c3b ffd9 fs3b fc2 sc0 ls65 ws99\">Stolt<span class=\"ls1 ws0\">-<span class=\"ls1d ws31\">Nielsen<span class=\"_ _195\"> </span></span></span></td><td></td><td></td></tr><tr><td class=\"c x24b y2c3a w86 hc6\"><div class=\"t m0 x0 h82 y1fa0 ffda fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"c x2ee y2c3a w5f hc6\"><div class=\"t m0 x17b h85 y1fa2 ffd9 fs3b fc2 sc0 ls65 ws99\">Terminals<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ec y2c3a w5e hc6\"><div class=\"t m0 x47 h85 y1fa2 ffd9 fs3b fc2 sc0 ls69 wsbc\">SSF<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x251 y2c3a w5e hc6\"><div class=\"t m0 x2d h85 y208f ffd9 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x188 h85 y2090 ffd9 fs3b fc2 sc0 ls1 ws0\">Gas </div></td><td class=\"c x2eb y2c3a w5e hc6\"><div class=\"t m0 x182 h85 y1fa2 ffd9 fs3b fc2 sc0 ls1 ws0\">Other </div></td><td class=\"c x2e6 y2c3a w87 hc6\"><div class=\"t m0 x185 h85 y1fa2 ffd9 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2c3c w86 h86\"><div class=\"t m0 x0 h88 y1be8 ffda fs3a fc2 sc0 ls2e ws4c\">Raw materials<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ee y2c3c w5f h86\"><div class=\"t m0 x19f h87 y1be8 ffdc fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ffd9\"> </span></div></td><td class=\"c x2ec y2c3c w5e h86\"><div class=\"t m0 x184 h87 y1be8 ffd9 fs3a fc2 sc0 ls21 ws35\">407<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x251 y2c3c w5e h86\"><div class=\"t m0 x19f h87 y1be8 ffdc fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ffd9\"> </span></div></td><td class=\"c x2eb y2c3c w5e h86\"><div class=\"t m0 x184 h87 y1be8 ffd9 fs3a fc2 sc0 ls21 ws35\">104<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2e6 y2c3c w87 h86\"><div class=\"t m0 x184 h87 y1be8 ffd9 fs3a fc2 sc0 ls21 ws35\">511<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c3d w86 h86\"><div class=\"t m0 x0 h88 y1bea ffda fs3a fc2 sc0 ls24 ws3b\">Consumables<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ee y2c3d w5f h86\"><div class=\"t m0 x184 h87 y1bea ffd9 fs3a fc2 sc0 ls21 ws35\">774<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ec y2c3d w5e h86\"><div class=\"t m0 x19f h87 y1bea ffdc fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ffd9\"> </span></div></td><td class=\"c x251 y2c3d w5e h86\"><div class=\"t m0 x184 h87 y1bea ffd9 fs3a fc2 sc0 ls21 ws35\">458<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2eb y2c3d w5e h86\"><div class=\"t m0 x18f h87 y1bea ffd9 fs3a fc2 sc0 ls21 ws35\">2,47<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2e6 y2c3d w87 h86\"><div class=\"t m0 x18f h87 y1bea ffd9 fs3a fc2 sc0 ls21 ws35\">3,70<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c3e w86 h8a\"><div class=\"t m0 x0 h88 y1bec ffda fs3a fc2 sc0 ls28 ws0\">Finish<span class=\"_ _2\"></span>ed goo<span class=\"_ _2\"></span>ds<span class=\"ls1\"> </span></div></td><td class=\"c x2ee y2c3e w5f h8a\"><div class=\"t m0 x19f h87 y1bec ffdc fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ffd9\"> </span></div></td><td class=\"c x2ec y2c3e w5e h8a\"><div class=\"t m0 x18f h87 y1bec ffd9 fs3a fc2 sc0 ls21 ws35\">4,78<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x251 y2c3e w5e h8a\"><div class=\"t m0 x18f h87 y1bec ffd9 fs3a fc2 sc0 ls21 ws35\">3,12<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2eb y2c3e w5e h8a\"><div class=\"t m0 x19f h87 y1bec ffdc fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ffd9\"> </span></div></td><td class=\"c x2e6 y2c3e w87 h8a\"><div class=\"t m0 x18f h87 y1bec ffd9 fs3a fc2 sc0 ls21 ws35\">7,91<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2ee y2c3f w5f h8a\"><div class=\"t m0 x184 h87 y1c65 ffd9 fs3a fc2 sc0 ls21 ws35\">774<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ec y2c3f w5e h8a\"><div class=\"t m0 x18f h87 y1c65 ffd9 fs3a fc2 sc0 ls21 ws35\">5,19<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x251 y2c3f w5e h8a\"><div class=\"t m0 x18f h87 y1c65 ffd9 fs3a fc2 sc0 ls21 ws35\">3,58<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2eb y2c3f w5e h8a\"><div class=\"t m0 x18f h87 y1c65 ffd9 fs3a fc2 sc0 ls21 ws35\">2,57<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2e6 y2c3f w87 h8a\"><div class=\"t m0 x180 h87 y1c65 ffd9 fs3a fc2 sc0 ls23 ws39\">12,127<span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"gs252\"><table class=\"s w167 h128\" id=\"_ed4e1f8a-8161-438d-a1dd-585cd0863ce7\"><tr><td class=\"c x246 y2c32 w168 h103\"><div class=\"t m0 x245 h82 y29a6 ffda fs3b fc2 sc0 ls1 ws32\">November 30, 20<span class=\"_ _195\"> </span></div><div class=\"t m0 x2e9 h82 y29a6 ffda fs3b fc2 sc0 ls78 wsbd\">24<span class=\"_ _195\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x246 y2c33 w14a h121\"><div class=\"t m0 x245 h82 y29a6 ffda fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2a3 h82 y29a7 ffda fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x2ea h82 y2c34 ffda fs3b fc2 sc0 ls2d ws4a\">Terminals</td><td class=\"c x251 y2c35 w5e hc8\"><div class=\"t m0 x2d h82 y209a ffda fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x188 h82 y209b ffda fs3b fc2 sc0 ls79 wsa2\">SSF<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2eb y2c35 w5e hc8\"><div class=\"t m0 x185 h82 y2099 ffda fs3b fc2 sc0 ls1 ws0\">Other </div></td><td class=\"t m0 x2e1 h82 y2c34 ffda fs3b fc2 sc0 ls1 ws0\">Total<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2c36 w46 h86\"><div class=\"t m0 x0 h88 y1c05 ffda fs3a fc2 sc0 ls2e ws4c\">Raw materials<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ec y2c36 w5e h86\"><div class=\"t m0 x1be h88 y1c05 ffdd fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffda\"> </span></div></td><td class=\"c x251 y2c36 w5e h86\"><div class=\"t m0 x184 h88 y1c05 ffda fs3a fc2 sc0 ls20 ws36\">313<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2eb y2c36 w5e h86\"><div class=\"t m0 x184 h88 y1c05 ffda fs3a fc2 sc0 ls20 ws36\">107<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2e6 y2c36 w87 h86\"><div class=\"t m0 x184 h88 y1c05 ffda fs3a fc2 sc0 ls20 ws36\">420<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c37 w46 h8a\"><div class=\"t m0 x0 h88 y1be6 ffda fs3a fc2 sc0 ls24 ws3b\">Consumables<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ec y2c37 w5e h8a\"><div class=\"t m0 x184 h88 y1be6 ffda fs3a fc2 sc0 ls20 ws36\">745<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x251 y2c37 w5e h8a\"><div class=\"t m0 x1be h88 y1be6 ffdd fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffda\"> </span></div></td><td class=\"c x2eb y2c37 w5e h8a\"><div class=\"t m0 x179 h88 y1be6 ffda fs3a fc2 sc0 ls20 ws36\">1,653<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2e6 y2c37 w87 h8a\"><div class=\"t m0 x179 h88 y1be6 ffda fs3a fc2 sc0 ls20 ws36\">2,398<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c38 w46 h86\"><div class=\"t m0 x0 h88 y1be4 ffda fs3a fc2 sc0 ls28 ws0\">Finish<span class=\"_ _2\"></span>ed goo<span class=\"_ _2\"></span>ds<span class=\"ls1\"> </span></div></td><td class=\"c x2ec y2c38 w5e h86\"><div class=\"t m0 x1be h88 y1be4 ffdd fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffda\"> </span></div></td><td class=\"c x251 y2c38 w5e h86\"><div class=\"t m0 x179 h88 y1be4 ffda fs3a fc2 sc0 ls20 ws36\">4,477<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2eb y2c38 w5e h86\"><div class=\"t m0 x1be h88 y1be4 ffdd fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffda\"> </span></div></td><td class=\"c x2e6 y2c38 w87 h86\"><div class=\"t m0 x179 h88 y1be4 ffda fs3a fc2 sc0 ls20 ws36\">4,477<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2ec y2c39 w5e h86\"><div class=\"t m0 x184 h88 y1be2 ffda fs3a fc2 sc0 ls20 ws36\">745<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x251 y2c39 w5e h86\"><div class=\"t m0 x179 h88 y1be2 ffda fs3a fc2 sc0 ls20 ws36\">4,790<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2eb y2c39 w5e h86\"><div class=\"t m0 x179 h88 y1be2 ffda fs3a fc2 sc0 ls20 ws36\">1,760<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2e6 y2c39 w87 h86\"><div class=\"t m0 x179 h88 y1be2 ffda fs3a fc2 sc0 ls20 ws36\">7,295<span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 h98 ffda fs39 fc2 sc0 ls2f ws70 gs253\">The cost of i<span class=\"_ _2\"></span>nventory incl<span class=\"_ _2\"></span>uded in <span class=\"_ _2\"></span>operating expen<span class=\"_ _2\"></span>ses in 2025 w<span class=\"_ _2\"></span>as $66.5 m<span class=\"_ _2\"></span>illion <span class=\"_ _2\"></span><span class=\"ls31 ws53\">(2024: <span class=\"_ _1\"></span><span class=\"ws51\">$62.5 million<span class=\"ls1 ws0\">) </span></span></span></div><div class=\"t m0 h98 ffda fs39 fc2 sc0 ls2f ws70 gs254\">for Stolt Se<span class=\"_ _2\"></span>a Farm, $25.5 m<span class=\"_ _2\"></span>illion<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">(2024: nil)</span> </span><span class=\"ws75\">for Stolt<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2f ws70\">Nielsen<span class=\"_ _2\"></span> Gas and $3.6<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws4e\">million <span class=\"ls31 ws53\">(<span class=\"_ _1\"></span>2024:<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">$4.9 million</span>) </span></span></span></span></span></span></div><div class=\"t m0 h98 ffda fs39 fc2 sc0 ls30 ws50 gs255\">for S<span class=\"_ _2\"></span>tolt T<span class=\"_ _2\"></span>ank C<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ainer<span class=\"_ _2\"></span>s. No<span class=\"_ _2\"></span> inv<span class=\"_ _2\"></span>entory<span class=\"_ _2\"></span> was<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">writt<span class=\"_ _1\"></span>e<span class=\"_ _2\"></span>n down in the years ended November 30, 2025 </span></span></div><div class=\"t m0 h98 ffda fs39 fc2 sc0 ls2f ws70 gs256\">and 2024. Bunk<span class=\"_ _2\"></span>ers of $36.2<span class=\"_ _2\"></span> million <span class=\"_ _2\"></span>and $39.3 m<span class=\"_ _2\"></span>illion were<span class=\"_ _2\"></span> included in p<span class=\"_ _2\"></span>repaid expense<span class=\"_ _2\"></span>s at </div><div class=\"t m0 h98 ffda fs39 fc2 sc0 ls31 ws51 gs257\">November 30, <span class=\"ws53\">202<span class=\"ls1 ws0\">5 <span class=\"_ _1\"></span><span class=\"ls30 ws52\">and <span class=\"ls31 ws53\">202<span class=\"ls1 ws0\">4<span class=\"ls2f ws75\">, r<span class=\"_ _1\"></span>e<span class=\"_ _2\"></span>spectively.</span></span></span></span></span></span><span class=\"ws53\"><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ls31 ws53\"><span class=\"ls1 ws0\"><span class=\"ls2f ws75\"><span class=\"ls1 ws0\"> </span></span></span></span></span></span></span></div><div class=\"t m0 ha6 ffd9 fs3c fcb sc0 ls4d ws7a gs258\">Biolo<span class=\"_ _2\"></span>gical as<span class=\"_ _2\"></span>sets <span class=\"_ _2\"></span>in th<span class=\"_ _2\"></span>e <span class=\"ls1 ws0\">b<span class=\"ls5b ws8b\">al<span class=\"_ _1\"></span>anc<span class=\"_ _1\"></span>e <span class=\"ls1 ws0\">s<span class=\"_ _1\"></span><span class=\"ls5c wsbe\">hee<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\"> </span></span></span></span></span></div><div class=\"gs259\"><table class=\"s w16a h12a\" id=\"_973a8648-42aa-4144-994f-24a14d581764\"><tr><td></td><td class=\"t m0 x2bc h82 y2c40 ffda fs3b fc2 sc0 ls1 ws0\"> <span class=\"_ _126\"> </span><span class=\"ws32\"></span><span class=\"ws32\">As of November</span> <span class=\"ls1b ws2f\">30</span> </td><td></td></tr><tr><td class=\"c x24b y2c41 w6b hb9\"><div class=\"t m0 x0 h82 y1c51 ffda fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"c x2ca y2c41 w20 hb9\"><div class=\"t m0 x177 h85 y1d6f ffd9 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c41 w20 hb9\"><div class=\"t m0 x177 h82 y1d6f ffda fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c42 w6b h86\"><div class=\"t m0 x0 h88 y1bfa ffda fs3a fc2 sc0 ls22 ws37\">Turbot and<span class=\"_ _1\"></span> sole<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ca y2c42 w20 h86\"><div class=\"t m0 x179 h87 y1bfa ffd9 fs3a fc2 sc0 ls23 ws39\">72,520<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c42 w20 h86\"><div class=\"t m0 x183 h88 y1bfa ffda fs3a fc2 sc0 ls20 ws36\">52,545<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 h98 ffda fs39 fc2 sc0 ls30 ws50 gs25a\">Biologi<span class=\"_ _2\"></span>cal<span class=\"_ _2\"></span> asset<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he work<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n proc<span class=\"_ _2\"></span>ess: l<span class=\"_ _2\"></span>ive <span class=\"_ _2\"></span>turbo<span class=\"_ _2\"></span>t and<span class=\"_ _2\"></span> s<span class=\"_ _2\"></span>ole th<span class=\"_ _2\"></span>at a<span class=\"_ _2\"></span>re in<span class=\"_ _2\"></span> the p<span class=\"_ _2\"></span>roces<span class=\"_ _2\"></span>s o<span class=\"_ _2\"></span>f grow<span class=\"_ _2\"></span>ing <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ffda fs39 fc2 sc0 ls2f ws70 gs25b\">to marketable size<span class=\"_ _2\"></span>. The b<span class=\"_ _2\"></span>iological a<span class=\"_ _2\"></span>ssets are t<span class=\"_ _2\"></span>ransferred to<span class=\"_ _2\"></span> inventory af<span class=\"_ _2\"></span>ter being h<span class=\"_ _2\"></span>arvested. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 ha6 ffd9 fs3c fcb sc0 ls4d ws7a gs25c\">Recon<span class=\"_ _2\"></span>cilia<span class=\"_ _2\"></span>tion of <span class=\"_ _2\"></span>chan<span class=\"_ _2\"></span>ges<span class=\"ls1 ws0\"> <span class=\"ls56 wsbf\">in book <span class=\"_ _2\"></span>value of<span class=\"_ _2\"></span> turbo<span class=\"_ _2\"></span>t and s<span class=\"_ _2\"></span>ole</span> </span></div><div class=\"gs25d\"><table class=\"s w16f h12e\" id=\"_21e04e48-79e0-4e87-a4bd-6319e680dac1\"><tr><td class=\"c x246 y2c51 w170 h102\"><div class=\"t m0 x245 h82 y29a6 ffda fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2f3 h82 y29a7 ffda fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x2dd y2c52 w48 h83\"><div class=\"t m0 x177 h85 y2064 ffd9 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2c52 w2a h83\"><div class=\"t m0 x177 h82 y2064 ffda fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2c53 w80 h86\"><div class=\"t m0 x0 h87 y1bde ffd9 fs3a fc2 sc0 ls1f ws33\">Balan<span class=\"_ _2\"></span>ce at Decemb<span class=\"_ _2\"></span>er 1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2dd y2c53 w48 h86\"><div class=\"t m0 x179 h87 y1bde ffd9 fs3a fc2 sc0 ls23 ws39\">52,545<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2c53 w2a h86\"><div class=\"t m0 x183 h88 y1bde ffda fs3a fc2 sc0 ls20 ws36\">54,812<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2c54 w80 h8a\"><div class=\"t m0 x0 h88 y1be0 ffda fs3a fc2 sc0 ls24 ws3a\">Increases owing to production and purc<span class=\"_ _2\"></span>hases<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2dd y2c54 w48 h8a\"><div class=\"t m0 x179 h87 y1be0 ffd9 fs3a fc2 sc0 ls23 ws39\">69,405<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2c54 w2a h8a\"><div class=\"t m0 x183 h88 y1be0 ffda fs3a fc2 sc0 ls20 ws36\">61,594<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2c55 w80 h86\"><div class=\"t m0 x0 h88 y1bde ffda fs3a fc2 sc0 ls24 ws3a\">Gain (loss) <span class=\"ls29 ws42\">from ch<span class=\"_ _2\"></span>ange in fa<span class=\"_ _2\"></span>ir value<span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2dd y2c55 w48 h86\"><div class=\"t m0 x179 h87 y1bde ffd9 fs3a fc2 sc0 ls23 ws39\">12,607<span class=\"_ _1\"></span><span class=\"ls1 ws0\">  </span></div></td><td class=\"c x2de y2c55 w2c h86\"><div class=\"t m0 x47 h88 y1bde ffda fs3a fc2 sc0 ls20 ws36\">(699)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2c56 w80 h86\"><div class=\"t m0 x0 h88 y1be4 ffda fs3a fc2 sc0 ls24 ws3a\">Effect of changes in foreign curr<span class=\"_ _2\"></span>ency rates<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2dd y2c56 w48 h86\"><div class=\"t m0 x185 h87 y1be4 ffd9 fs3a fc2 sc0 ls21 ws35\">5,42<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\">  </span></div></td><td class=\"c x2de y2c56 w2c h86\"><div class=\"t m0 x186 h88 y1be4 ffda fs3a fc2 sc0 ls20 ws36\">(1,249)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2c57 w80 h8a\"><div class=\"t m0 x0 h88 y1be6 ffda fs3a fc2 sc0 ls22 ws37\">Decreases owin<span class=\"_ _1\"></span>g to mortalities<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2dd y2c57 w25 h8a\"><div class=\"t m0 x179 h87 y1be6 ffd9 fs3a fc2 sc0 ls21 ws35\">(1,28<span class=\"_ _2\"></span>5)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2c57 w2c h8a\"><div class=\"t m0 x186 h88 y1be6 ffda fs3a fc2 sc0 ls20 ws36\">(1,097)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2c58 w80 h86\"><div class=\"t m0 x0 h88 y1be4 ffda fs3a fc2 sc0 ls22 ws37\">Transf<span class=\"_ _1\"></span>er to inventory<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2dd y2c58 w25 h86\"><div class=\"t m0 x181 h87 y1be4 ffd9 fs3a fc2 sc0 ls21 ws35\">(66,1<span class=\"_ _2\"></span>78)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2c58 w2c h86\"><div class=\"t m0 x187 h88 y1be4 ffda fs3a fc2 sc0 ls20 ws36\">(60,816)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2c59 w80 h86\"><div class=\"t m0 x0 h87 y1be2 ffd9 fs3a fc2 sc0 ls2e ws6e\">Balance at November 30<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2dd y2c59 w48 h86\"><div class=\"t m0 x179 h87 y1be2 ffd9 fs3a fc2 sc0 ls23 ws39\">72,520<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2c59 w2a h86\"><div class=\"t m0 x183 h88 y1be2 ffda fs3a fc2 sc0 ls20 ws36\">52,545<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 ha6 ffd9 fs3c fcb sc0 ls58 ws8e gs25e\">Fair value adjustments on biological assets in the income statement<span class=\"ls1 ws0\">  </span></div><div class=\"gs25f\"><table class=\"s w16b h12d\" id=\"_5e7eefa7-3388-48c1-9830-7ff2df30fe6c\"><tr><td></td><td class=\"t m0 x2dc h82 y2c4b ffda fs3b fc2 sc0 ls1 ws0\"> <span class=\"_ _131\"> </span><span class=\"ws32\"></span><span class=\"ws32\">For the years ended<span class=\"_ _2\"></span> November</span> <span class=\"ls1b ws2f\">30</span> </td><td></td></tr><tr><td class=\"c x241 y2c4c w80 ha3\"><div class=\"t m0 x0 h82 y1ccb ffda fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"c x2dd y2c4c w48 ha3\"><div class=\"t m0 x177 h85 y1cce ffd9 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2c4c w2a ha3\"><div class=\"t m0 x177 h82 y1cce ffda fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x246 y2c4e w16d hfa\"><div class=\"t m0 x245 h87 y2c4d ffd9 fs3a fc2 sc0 ls2e ws6e\">Total fair value adjustment<span class=\"_ _2\"></span> <span class=\"ls25 ws4d\">of turbot and sole <span class=\"ls2c ws5a\">recognised in <span class=\"ws91\">opera<span class=\"_ _1\"></span>ting<span class=\"_ _195\"> </span></span></span></span></div></td><td></td><td></td></tr><tr><td class=\"c x246 y2c4f w16e hfa\"><div class=\"t m0 x245 h87 y2c4d ffd9 fs3a fc2 sc0 ls1f ws43\">expenses<span class=\"_ _195\"> </span></div></td><td class=\"c x2dd y2c50 w48 h93\"><div class=\"t m0 x179 h87 y1c50 ffd9 fs3a fc2 sc0 ls23 ws39\">12,607<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2c50 w2c h93\"><div class=\"t m0 x47 h88 y1c50 ffda fs3a fc2 sc0 ls20 ws36\">(699)<span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 ha6 ffd9 fs3c fcb sc0 ls58 ws8e gs260\">Value of biological assets at fair value<span class=\"ls1 ws0\"> </span></div><div class=\"gs261\"><table class=\"s w16b h12c\" id=\"_20187ecf-8654-492a-9e97-83c2c976bf93\"><tr><td></td><td class=\"t m0 x2dc h82 y2c48 ffda fs3b fc2 sc0 ls1 ws0\"> <span class=\"_ _126\"> </span><span class=\"ws32\"></span><span class=\"ws32\">As of N<span class=\"_ _2\"></span>ovember</span> <span class=\"ls1b ws2f\">30</span> </td><td></td></tr><tr><td class=\"c x241 y2c49 w80 ha3\"><div class=\"t m0 x0 h82 y20b8 ffda fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"c x2dd y2c49 w48 ha3\"><div class=\"t m0 x177 h85 y1ca1 ffd9 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2c49 w2a ha3\"><div class=\"t m0 x177 h82 y1ca1 ffda fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2c4a w80 h8a\"><div class=\"t m0 x0 h87 y1be6 ffd9 fs3a fc2 sc0 ls2c ws5a\">Total turbot and s<span class=\"_ _1\"></span>ole held at fair value included in the balance shee<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2dd y2c4a w48 h8a\"><div class=\"t m0 x179 h87 y1be6 ffd9 fs3a fc2 sc0 ls23 ws39\">68,882<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2c4a w2a h8a\"><div class=\"t m0 x183 h88 y1be6 ffda fs3a fc2 sc0 ls20 ws36\">48,442<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 ha6 ffd9 fs3c fcb sc0 ls56 wsbf gs262\">Volumes<span class=\"_ _2\"></span> of bioma<span class=\"_ _2\"></span>ss <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"gs263\"><table class=\"s w16b h12b\" id=\"_bb78f16a-d891-44c3-b316-bc4f32aa10cf\"><tr><td></td><td></td><td class=\"c x2ef y2c43 w89 hbe\"><div class=\"t m0 x17e h82 y1c8b ffda fs3b fc2 sc0 ls1 ws32\">For the years ended and as of N<span class=\"_ _2\"></span>ovember<span class=\"ws0\"> <span class=\"ls1b ws2f\">30</span></span><span class=\"ws0\"> </span></div></td></tr><tr><td class=\"c x246 y2c44 w16c h121\"><div class=\"t m0 x245 h82 y29a6 ffda fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2f0 h82 y29a7 ffda fs3b fc2 sc0 ls1 ws0\">tonnes)<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x2f1 h85 y2c45 ffd9 fs3b fc2 sc0 ls1b ws2f\">202<span class=\"ls1 ws0\">5<span class=\"_ _195\"> </span></span></td><td class=\"t m0 x2f2 h82 y2c45 ffda fs3b fc2 sc0 ls1b ws2f\">202<span class=\"ls1 ws0\">4<span class=\"_ _195\"> </span></span></td></tr><tr><td class=\"c x241 y2c46 w80 h86\"><div class=\"t m0 x0 h88 y1bfa ffda fs3a fc2 sc0 ls24 ws3a\">Volume of biomass harvested during the year (<span class=\"_ _2\"></span>live weight)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2dd y2c46 w48 h86\"><div class=\"t m0 x179 h87 y1bfa ffd9 fs3a fc2 sc0 ls23 ws39\">10,021<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2c46 w2a h86\"><div class=\"t m0 x184 h88 y1bfa ffda fs3a fc2 sc0 ls20 ws36\">8,476<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2c47 w80 h86\"><div class=\"t m0 x0 h88 y1bdc ffda fs3a fc2 sc0 ls22 ws37\">Volum<span class=\"_ _1\"></span>e of biomass in the water at year end (l<span class=\"_ _1\"></span>ive weight)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2dd y2c47 w48 h86\"><div class=\"t m0 x185 h87 y1bdc ffd9 fs3a fc2 sc0 ls21 ws35\">4,75<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2c47 w2a h86\"><div class=\"t m0 x184 h88 y1bdc ffda fs3a fc2 sc0 ls20 ws36\">4,272<span class=\"ls1 ws0\"> </span></div></td></tr></table></div>Value of juvenile <span class=\"ls6d wsa9\">biolo<span class=\"_ _1\"></span>gical<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> <span class=\"ls7a\">assets at cost<span class=\"_ _2\"></span></span> </span></span><table class=\"s w16a h12f\" id=\"_6a9a3a47-3f43-4bc2-92c6-7582aae4586f\"><tr><td></td><td class=\"c x2c7 y2c5a w8a h80\"><div class=\"t m0 x1be h82 y1cce ffe1 fs3b fc2 sc0 ls1 ws32\">As of November<span class=\"ws0\"> <span class=\"ls1b ws2f\">30</span></span><span class=\"ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2c5b w150 h103\"><div class=\"t m0 x245 h82 y29a6 ffe1 fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2b9 h82 y29a6 ffe1 fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x2c8 h85 y2c5c ffe0 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"t m0 x2c9 h82 y2c5c ffe1 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2c5d w6b h8a\"><div class=\"t m0 x0 h87 y1be0 ffe0 fs3a fc2 sc0 ls21 ws35\">Total<span class=\"_ _2\"></span> <span class=\"ls2c ws5a\">turbot a<span class=\"_ _1\"></span>nd sole<span class=\"ls1 ws0\"> </span>held at cos<span class=\"_ _1\"></span>t in<span class=\"_ _2\"></span>cluded in the balance she<span class=\"_ _1\"></span>et</span><span class=\"ls2c ws5a\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ca y2c5d w20 h8a\"><div class=\"t m0 x185 h87 y1be0 ffe0 fs3a fc2 sc0 ls21 ws35\">3,63<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c5d w20 h8a\"><div class=\"t m0 x184 h88 y1be0 ffe1 fs3a fc2 sc0 ls20 ws36\">4,103<span class=\"ls1 ws0\"> </span></div></td></tr></table>The i<span class=\"_ _2\"></span>ncome<span class=\"_ _2\"></span> statem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> impac<span class=\"_ _2\"></span>t <span class=\"_ _2\"></span>relati<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>to t<span class=\"_ _2\"></span>he cha<span class=\"_ _2\"></span>nge i<span class=\"_ _2\"></span>n ca<span class=\"_ _2\"></span>rryi<span class=\"_ _2\"></span>ng v<span class=\"_ _2\"></span>alue w<span class=\"_ _2\"></span>hen <span class=\"_ _2\"></span>juven<span class=\"_ _2\"></span>ile <span class=\"_ _2\"></span>assets<span class=\"_ _2\"></span> have<span class=\"_ _2\"></span> reache<span class=\"_ _2\"></span>d mat<span class=\"_ _2\"></span>uri<span class=\"_ _2\"></span>ty is i<span class=\"_ _2\"></span>mm<span class=\"_ _2\"></span>aterial<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>r the<span class=\"_ _2\"></span> year<span class=\"_ _2\"></span>s end<span class=\"_ _2\"></span>ed No<span class=\"_ _2\"></span>vemb<span class=\"_ _2\"></span>er 30<span class=\"_ _2\"></span>, 20<span class=\"_ _2\"></span><span class=\"ls31 ws53\">25<span class=\"ls1 ws0\"> </span></span>and 20<span class=\"ls31 ws53\">24<span class=\"ls1 ws0\">. </span></span>The Gr<span class=\"_ _2\"></span>oup i<span class=\"_ _2\"></span>s ex<span class=\"_ _2\"></span>posed<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span>risk<span class=\"_ _2\"></span>s ari<span class=\"_ _2\"></span>sing<span class=\"_ _2\"></span> from f<span class=\"_ _2\"></span>luct<span class=\"_ _2\"></span>uatio<span class=\"_ _2\"></span>ns i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> pric<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> turb<span class=\"_ _2\"></span>ot<span class=\"_ _2\"></span> and s<span class=\"_ _2\"></span>ole a<span class=\"_ _2\"></span>nd mo<span class=\"_ _2\"></span>nitor<span class=\"_ _2\"></span>s the effect o<span class=\"_ _2\"></span>f price cha<span class=\"_ _2\"></span>nges on pr<span class=\"_ _2\"></span>ofitability. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-626": {
   "value": "12<span class=\"ls1 ws0\">. Inventories and Biological Ass<span class=\"_ _1\"></span>ets, Ne<span class=\"_ _2\"></span>t </span>Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span>Invent<span class=\"_ _2\"></span>ori<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>are<span class=\"_ _2\"></span> meas<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>d at t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> low<span class=\"_ _2\"></span>er of<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>st <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>net r<span class=\"_ _2\"></span>eali<span class=\"_ _2\"></span>sab<span class=\"_ _2\"></span>le v<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>ue. T<span class=\"_ _2\"></span>he co<span class=\"_ _2\"></span>st <span class=\"_ _2\"></span>of i<span class=\"_ _2\"></span>nvent<span class=\"_ _2\"></span>ori<span class=\"_ _2\"></span>es i<span class=\"_ _2\"></span>s based on<span class=\"_ _2\"></span> the first<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls49 wsaa\">in, fi<span class=\"_ _2\"></span>rst<span class=\"_ _2\"></span></span>-<span class=\"_ _1\"></span><span class=\"ls54 ws70\">out prin<span class=\"_ _2\"></span>ciple and<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>es<span class=\"_ _2\"></span> expe<span class=\"_ _2\"></span>ndit<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>ncurr<span class=\"_ _2\"></span>ed i<span class=\"_ _2\"></span>n ac<span class=\"_ _2\"></span>qui<span class=\"_ _2\"></span>ring<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> inv<span class=\"_ _2\"></span>ento<span class=\"_ _2\"></span>rie<span class=\"_ _2\"></span>s </span></span></span></span>and b<span class=\"_ _2\"></span>ring<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> them<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>hei<span class=\"_ _2\"></span>r ex<span class=\"_ _2\"></span>ist<span class=\"_ _2\"></span>ing l<span class=\"_ _2\"></span>ocat<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>and<span class=\"_ _2\"></span> con<span class=\"_ _2\"></span>diti<span class=\"_ _2\"></span>on.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Net reali<span class=\"_ _2\"></span>sable <span class=\"_ _2\"></span>value is t<span class=\"_ _2\"></span>he estim<span class=\"_ _2\"></span>ated sel<span class=\"_ _2\"></span>ling pri<span class=\"_ _2\"></span>ce in th<span class=\"_ _2\"></span>e ordi<span class=\"_ _2\"></span>nary co<span class=\"_ _2\"></span>urse of b<span class=\"_ _2\"></span>usiness<span class=\"_ _2\"></span>, less th<span class=\"_ _2\"></span>e estimated costs <span class=\"_ _1\"></span>of completion and selling<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">exp<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>ses.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span>The cost of items transferred fro<span class=\"_ _2\"></span>m biological assets to inventory is the fair <span class=\"_ _2\"></span>value less costs to sell <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>at t<span class=\"_ _2\"></span>he dat<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> h<span class=\"_ _2\"></span>arve<span class=\"_ _2\"></span>st.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Biological assets primarily<span class=\"_ _1\"></span> comprised turbot and sole, wh<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ch include <span class=\"_ _1\"></span>fis<span class=\"_ _2\"></span>h with <span class=\"_ _1\"></span>and without an active mark<span class=\"_ _2\"></span>et fo<span class=\"_ _2\"></span>r s<span class=\"_ _2\"></span>ale (<span class=\"_ _2\"></span>\u2018mat<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>\u2019 a<span class=\"_ _2\"></span>nd \u2018j<span class=\"_ _2\"></span>uveni<span class=\"_ _2\"></span>le<span class=\"_ _2\"></span>\u2019 fi<span class=\"_ _2\"></span>sh),<span class=\"_ _2\"></span> whic<span class=\"_ _2\"></span>h <span class=\"_ _2\"></span>are f<span class=\"_ _2\"></span>arme<span class=\"_ _2\"></span>d by<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up. <span class=\"_ _2\"></span><span class=\"ffd3 ls1 ws0\"> </span>Turbot is considered \u2018mature\u2019 when it weighs m<span class=\"_ _2\"></span>ore than 300 <span class=\"ffd3 ls48 ws72\">gra<span class=\"_ _2\"></span>mmes</span><span class=\"ffd3\">, <span class=\"_ _2\"></span>while juvenile turbot weighs </span>less than 300 <span class=\"ls4c ws79\">gramme<span class=\"_ _2\"></span>s<span class=\"ls48 ws32\">. Sole i<span class=\"_ _2\"></span>s consider<span class=\"_ _2\"></span>ed mat<span class=\"_ _2\"></span>ure at 2<span class=\"_ _2\"></span>00<span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">gramm<span class=\"_ _2\"></span>es<span class=\"wsaa\">. Al<span class=\"_ _2\"></span>l m<span class=\"_ _2\"></span>atu<span class=\"_ _2\"></span>re t<span class=\"_ _2\"></span>urb<span class=\"_ _2\"></span>ot an<span class=\"_ _2\"></span>d sol<span class=\"_ _2\"></span>e ar<span class=\"_ _2\"></span>e </span></span></span></span></span>held <span class=\"_ _2\"></span>at f<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue le<span class=\"_ _2\"></span>ss c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s to<span class=\"_ _2\"></span> sel<span class=\"_ _2\"></span>l a<span class=\"_ _2\"></span>nd co<span class=\"_ _2\"></span>sts <span class=\"_ _2\"></span>rel<span class=\"_ _2\"></span>ated t<span class=\"_ _2\"></span>o p<span class=\"_ _2\"></span>ack<span class=\"_ _2\"></span>agi<span class=\"_ _2\"></span>ng. <span class=\"_ _2\"></span>Gains<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>sses f<span class=\"_ _2\"></span>rom<span class=\"_ _2\"></span> ch<span class=\"_ _2\"></span>anges<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n fair<span class=\"_ _2\"></span> value<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">are</span> <span class=\"_ _1\"></span><span class=\"ls48 ws32\">recog<span class=\"_ _2\"></span>nised in t<span class=\"_ _2\"></span>he inc<span class=\"_ _2\"></span>ome statem<span class=\"_ _2\"></span>ent. Fair<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue is det<span class=\"_ _2\"></span>ermined <span class=\"_ _2\"></span>on the b<span class=\"_ _2\"></span>asis of<span class=\"_ _2\"></span> quoted </span></span>prices in the princip<span class=\"ls49 wsaa\">al m<span class=\"_ _2\"></span>ark<span class=\"_ _2\"></span>et f<span class=\"_ _2\"></span>or t<span class=\"_ _2\"></span>he fi<span class=\"_ _2\"></span>sh<span class=\"_ _2\"></span>, wh<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span> suc<span class=\"_ _2\"></span>h inf<span class=\"_ _2\"></span>orm<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> <span class=\"ls73 wsb5\">is<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">avail<span class=\"_ _2\"></span>able.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue </span></span></span></span></span>adjust<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>t o<span class=\"_ _2\"></span>n bi<span class=\"_ _2\"></span>ologi<span class=\"_ _2\"></span>cal<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>ets<span class=\"_ _2\"></span> ha<span class=\"_ _2\"></span>s no<span class=\"_ _2\"></span> cas<span class=\"_ _2\"></span>h imp<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>doe<span class=\"_ _2\"></span>s not<span class=\"_ _2\"></span><span class=\"ffce ls1 ws0\"> </span>affect<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e re<span class=\"_ _2\"></span>sult<span class=\"_ _2\"></span> of op<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>ns before unrealised fair<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">value a<span class=\"_ _2\"></span>dj<span class=\"_ _2\"></span>ustme<span class=\"_ _2\"></span>nts.<span class=\"_ _2\"></span></span> </span>Juve<span class=\"_ _2\"></span>nile<span class=\"_ _2\"></span> tur<span class=\"_ _2\"></span>bot <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>sol<span class=\"_ _2\"></span>e are <span class=\"_ _2\"></span>car<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>ed at<span class=\"_ _2\"></span> cost<span class=\"_ _2\"></span> le<span class=\"_ _2\"></span>ss pr<span class=\"_ _2\"></span>ovi<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span>on for<span class=\"_ _2\"></span> im<span class=\"_ _2\"></span>pai<span class=\"_ _2\"></span>rment<span class=\"_ _2\"></span>, a<span class=\"_ _2\"></span>s man<span class=\"_ _2\"></span>agem<span class=\"_ _2\"></span>ent d<span class=\"_ _2\"></span>oes<span class=\"_ _2\"></span> not<span class=\"_ _2\"></span> believe that reliable fair values exist.<span class=\"ls1 ws0\"> </span>This approach is<span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">used</span> <span class=\"ls49 wsaa\">to me<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>e j<span class=\"_ _2\"></span>uve<span class=\"_ _2\"></span>nile t<span class=\"_ _2\"></span>urb<span class=\"_ _2\"></span>ot <span class=\"_ _2\"></span>and s<span class=\"_ _2\"></span>ole<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span> the </span></span>followi<span class=\"_ _2\"></span>ng rea<span class=\"_ _2\"></span>son<span class=\"_ _2\"></span>s:<span class=\"ls1 ws0\"> </span>\u2022<span class=\"ffd6\"> <span class=\"_ _b\"> </span><span class=\"ffd3 fs39 fc2 ls2f ws2f\">There is no active ma<span class=\"_ _2\"></span>rket for ju<span class=\"_ _2\"></span>venile turbot <span class=\"_ _2\"></span>or sole.<span class=\"ls1 ws0\"> </span></span></span>\u2022<span class=\"ffd6\"> <span class=\"_ _b\"> </span><span class=\"ffd3 fs39 fc2 ls53\">A non<span class=\"ls1\">-<span class=\"ls49 wsaa\">activ<span class=\"_ _2\"></span>e mar<span class=\"_ _2\"></span>ket<span class=\"_ _2\"></span> pric<span class=\"_ _2\"></span>e b<span class=\"_ _2\"></span>ased<span class=\"_ _2\"></span> on<span class=\"_ _2\"></span> disc<span class=\"_ _2\"></span>ounte<span class=\"_ _2\"></span>d c<span class=\"_ _2\"></span>ash f<span class=\"_ _2\"></span>low<span class=\"_ _2\"></span>s r<span class=\"_ _2\"></span>equi<span class=\"_ _2\"></span>res <span class=\"_ _2\"></span>a num<span class=\"_ _2\"></span>ber<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>var<span class=\"_ _2\"></span>iable<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd </span></span></span></span>assu<span class=\"_ _2\"></span>mpti<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span><span class=\"ls1 ws0\">,<span class=\"_ _1\"></span> <span class=\"ls54 ws70\">which historically cannot be</span><span class=\"ffce\"> </span><span class=\"ls54 ws70\">reliably determined. Key variables and assumptions</span> </span>for t<span class=\"_ _2\"></span>urbo<span class=\"_ _2\"></span>t a<span class=\"_ _2\"></span>nd so<span class=\"_ _2\"></span>le i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>ude <span class=\"_ _2\"></span>mort<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>ity r<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>, time<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> mat<span class=\"_ _2\"></span>urit<span class=\"_ _2\"></span>y, r<span class=\"_ _2\"></span>ate <span class=\"_ _2\"></span>of g<span class=\"_ _2\"></span>rowt<span class=\"_ _2\"></span>h a<span class=\"_ _2\"></span>nd<span class=\"ffce ls1 ws0\"> </span>mark<span class=\"_ _2\"></span>et p<span class=\"_ _2\"></span>rice <span class=\"_ _2\"></span>at<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span>the poi<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span><span class=\"ls1\"> <span class=\"ls49 wsaa\">harves<span class=\"_ _2\"></span>t. Gi<span class=\"_ _2\"></span>ven <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> spe<span class=\"_ _2\"></span>cifi<span class=\"_ _2\"></span>c cir<span class=\"_ _2\"></span>cum<span class=\"_ _2\"></span>sta<span class=\"_ _2\"></span>nces f<span class=\"_ _2\"></span>or <span class=\"_ _2\"></span>juve<span class=\"_ _2\"></span>nil<span class=\"_ _2\"></span>e as<span class=\"_ _2\"></span>set<span class=\"_ _2\"></span>s, any<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>umpt<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>s </span> </span>are sub<span class=\"_ _2\"></span>jec<span class=\"_ _2\"></span>tive<span class=\"_ _2\"></span>. <span class=\"ls1 ws0\"> </span>\u2022<span class=\"ffd6\"> <span class=\"_ _b\"> </span><span class=\"ffd3 fs39 fc2 ls49 wsaa\">The ext<span class=\"_ _2\"></span>ent <span class=\"_ _2\"></span>of t<span class=\"_ _2\"></span>hes<span class=\"_ _2\"></span>e un<span class=\"_ _2\"></span>cert<span class=\"_ _2\"></span>ainti<span class=\"_ _2\"></span>es<span class=\"_ _2\"></span> als<span class=\"_ _2\"></span>o r<span class=\"_ _2\"></span>esul<span class=\"_ _2\"></span>ts i<span class=\"_ _2\"></span>n dif<span class=\"_ _2\"></span>fic<span class=\"_ _2\"></span>ult<span class=\"_ _2\"></span>y in d<span class=\"_ _2\"></span>ete<span class=\"_ _2\"></span>rmi<span class=\"_ _2\"></span>ning<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>appr<span class=\"_ _2\"></span>opr<span class=\"_ _2\"></span>iat<span class=\"_ _2\"></span>e <span class=\"ls1 ws0\"> </span></span></span>disco<span class=\"_ _2\"></span>unt<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\">  </span>A fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue <span class=\"_ _2\"></span>adj<span class=\"_ _2\"></span>ustme<span class=\"_ _2\"></span>nt i<span class=\"_ _2\"></span>s m<span class=\"_ _2\"></span>ade a<span class=\"_ _2\"></span>t the<span class=\"_ _2\"></span> poi<span class=\"_ _2\"></span>nt <span class=\"_ _2\"></span>whe<span class=\"_ _2\"></span>n pre<span class=\"_ _2\"></span>viou<span class=\"_ _2\"></span>sly <span class=\"_ _2\"></span>juve<span class=\"_ _2\"></span>ni<span class=\"_ _2\"></span>le tu<span class=\"_ _2\"></span>rbot<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> sol<span class=\"_ _2\"></span>e i<span class=\"_ _2\"></span>s con<span class=\"_ _2\"></span>side<span class=\"_ _2\"></span>red<span class=\"_ _2\"></span> to mat<span class=\"_ _2\"></span>ure. <span class=\"_ _2\"></span>These<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue <span class=\"_ _2\"></span>adj<span class=\"_ _2\"></span>ustm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> the i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Afte<span class=\"_ _2\"></span>r har<span class=\"_ _2\"></span>ves<span class=\"_ _2\"></span>t, t<span class=\"_ _2\"></span>he pr<span class=\"_ _2\"></span>od<span class=\"_ _2\"></span>uce fr<span class=\"_ _2\"></span>om <span class=\"_ _2\"></span>har<span class=\"_ _2\"></span>vest<span class=\"_ _2\"></span> is t<span class=\"_ _2\"></span>reat<span class=\"_ _2\"></span>ed a<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>nve<span class=\"_ _2\"></span>ntor<span class=\"_ _2\"></span>y and<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> at t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> poi<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> harve<span class=\"_ _2\"></span>st i<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>reat<span class=\"_ _2\"></span>ed a<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>he cos<span class=\"_ _2\"></span>t of<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>nve<span class=\"_ _2\"></span>ntor<span class=\"_ _2\"></span>y.<span class=\"_ _195\"> </span>Invent<span class=\"_ _2\"></span>orie<span class=\"_ _2\"></span>s <span class=\"ls4a ws74\">as of Nove<span class=\"_ _2\"></span>mber<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">30, 2025 and 2024 consisted o<span class=\"ls2f ws70\">f t<span class=\"_ _2\"></span>he following: <span class=\"_ _2\"></span></span></span> </span></span><table class=\"s w169 h129\" id=\"_73f444f7-3e03-488d-8cbb-7d0fd0ac71f5\"><tr><td class=\"c x24b y2c3a w86 hc6\"><div class=\"t m0 x0 h82 y208d ffda fs3b fc2 sc0 ls1 ws32\">November 30, 2025<span class=\"_ _195\"> </span></div></td><td></td><td></td><td class=\"t m0 x2ed h85 y2c3b ffd9 fs3b fc2 sc0 ls65 ws99\">Stolt<span class=\"ls1 ws0\">-<span class=\"ls1d ws31\">Nielsen<span class=\"_ _195\"> </span></span></span></td><td></td><td></td></tr><tr><td class=\"c x24b y2c3a w86 hc6\"><div class=\"t m0 x0 h82 y1fa0 ffda fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"c x2ee y2c3a w5f hc6\"><div class=\"t m0 x17b h85 y1fa2 ffd9 fs3b fc2 sc0 ls65 ws99\">Terminals<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ec y2c3a w5e hc6\"><div class=\"t m0 x47 h85 y1fa2 ffd9 fs3b fc2 sc0 ls69 wsbc\">SSF<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x251 y2c3a w5e hc6\"><div class=\"t m0 x2d h85 y208f ffd9 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x188 h85 y2090 ffd9 fs3b fc2 sc0 ls1 ws0\">Gas </div></td><td class=\"c x2eb y2c3a w5e hc6\"><div class=\"t m0 x182 h85 y1fa2 ffd9 fs3b fc2 sc0 ls1 ws0\">Other </div></td><td class=\"c x2e6 y2c3a w87 hc6\"><div class=\"t m0 x185 h85 y1fa2 ffd9 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2c3c w86 h86\"><div class=\"t m0 x0 h88 y1be8 ffda fs3a fc2 sc0 ls2e ws4c\">Raw materials<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ee y2c3c w5f h86\"><div class=\"t m0 x19f h87 y1be8 ffdc fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ffd9\"> </span></div></td><td class=\"c x2ec y2c3c w5e h86\"><div class=\"t m0 x184 h87 y1be8 ffd9 fs3a fc2 sc0 ls21 ws35\">407<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x251 y2c3c w5e h86\"><div class=\"t m0 x19f h87 y1be8 ffdc fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ffd9\"> </span></div></td><td class=\"c x2eb y2c3c w5e h86\"><div class=\"t m0 x184 h87 y1be8 ffd9 fs3a fc2 sc0 ls21 ws35\">104<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2e6 y2c3c w87 h86\"><div class=\"t m0 x184 h87 y1be8 ffd9 fs3a fc2 sc0 ls21 ws35\">511<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c3d w86 h86\"><div class=\"t m0 x0 h88 y1bea ffda fs3a fc2 sc0 ls24 ws3b\">Consumables<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ee y2c3d w5f h86\"><div class=\"t m0 x184 h87 y1bea ffd9 fs3a fc2 sc0 ls21 ws35\">774<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ec y2c3d w5e h86\"><div class=\"t m0 x19f h87 y1bea ffdc fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ffd9\"> </span></div></td><td class=\"c x251 y2c3d w5e h86\"><div class=\"t m0 x184 h87 y1bea ffd9 fs3a fc2 sc0 ls21 ws35\">458<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2eb y2c3d w5e h86\"><div class=\"t m0 x18f h87 y1bea ffd9 fs3a fc2 sc0 ls21 ws35\">2,47<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2e6 y2c3d w87 h86\"><div class=\"t m0 x18f h87 y1bea ffd9 fs3a fc2 sc0 ls21 ws35\">3,70<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c3e w86 h8a\"><div class=\"t m0 x0 h88 y1bec ffda fs3a fc2 sc0 ls28 ws0\">Finish<span class=\"_ _2\"></span>ed goo<span class=\"_ _2\"></span>ds<span class=\"ls1\"> </span></div></td><td class=\"c x2ee y2c3e w5f h8a\"><div class=\"t m0 x19f h87 y1bec ffdc fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ffd9\"> </span></div></td><td class=\"c x2ec y2c3e w5e h8a\"><div class=\"t m0 x18f h87 y1bec ffd9 fs3a fc2 sc0 ls21 ws35\">4,78<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x251 y2c3e w5e h8a\"><div class=\"t m0 x18f h87 y1bec ffd9 fs3a fc2 sc0 ls21 ws35\">3,12<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2eb y2c3e w5e h8a\"><div class=\"t m0 x19f h87 y1bec ffdc fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ffd9\"> </span></div></td><td class=\"c x2e6 y2c3e w87 h8a\"><div class=\"t m0 x18f h87 y1bec ffd9 fs3a fc2 sc0 ls21 ws35\">7,91<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2ee y2c3f w5f h8a\"><div class=\"t m0 x184 h87 y1c65 ffd9 fs3a fc2 sc0 ls21 ws35\">774<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ec y2c3f w5e h8a\"><div class=\"t m0 x18f h87 y1c65 ffd9 fs3a fc2 sc0 ls21 ws35\">5,19<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x251 y2c3f w5e h8a\"><div class=\"t m0 x18f h87 y1c65 ffd9 fs3a fc2 sc0 ls21 ws35\">3,58<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2eb y2c3f w5e h8a\"><div class=\"t m0 x18f h87 y1c65 ffd9 fs3a fc2 sc0 ls21 ws35\">2,57<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2e6 y2c3f w87 h8a\"><div class=\"t m0 x180 h87 y1c65 ffd9 fs3a fc2 sc0 ls23 ws39\">12,127<span class=\"ls1 ws0\"> </span></div></td></tr></table><table class=\"s w167 h128\" id=\"_ed4e1f8a-8161-438d-a1dd-585cd0863ce7\"><tr><td class=\"c x246 y2c32 w168 h103\"><div class=\"t m0 x245 h82 y29a6 ffda fs3b fc2 sc0 ls1 ws32\">November 30, 20<span class=\"_ _195\"> </span></div><div class=\"t m0 x2e9 h82 y29a6 ffda fs3b fc2 sc0 ls78 wsbd\">24<span class=\"_ _195\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x246 y2c33 w14a h121\"><div class=\"t m0 x245 h82 y29a6 ffda fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2a3 h82 y29a7 ffda fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x2ea h82 y2c34 ffda fs3b fc2 sc0 ls2d ws4a\">Terminals</td><td class=\"c x251 y2c35 w5e hc8\"><div class=\"t m0 x2d h82 y209a ffda fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x188 h82 y209b ffda fs3b fc2 sc0 ls79 wsa2\">SSF<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2eb y2c35 w5e hc8\"><div class=\"t m0 x185 h82 y2099 ffda fs3b fc2 sc0 ls1 ws0\">Other </div></td><td class=\"t m0 x2e1 h82 y2c34 ffda fs3b fc2 sc0 ls1 ws0\">Total<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2c36 w46 h86\"><div class=\"t m0 x0 h88 y1c05 ffda fs3a fc2 sc0 ls2e ws4c\">Raw materials<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ec y2c36 w5e h86\"><div class=\"t m0 x1be h88 y1c05 ffdd fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffda\"> </span></div></td><td class=\"c x251 y2c36 w5e h86\"><div class=\"t m0 x184 h88 y1c05 ffda fs3a fc2 sc0 ls20 ws36\">313<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2eb y2c36 w5e h86\"><div class=\"t m0 x184 h88 y1c05 ffda fs3a fc2 sc0 ls20 ws36\">107<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2e6 y2c36 w87 h86\"><div class=\"t m0 x184 h88 y1c05 ffda fs3a fc2 sc0 ls20 ws36\">420<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c37 w46 h8a\"><div class=\"t m0 x0 h88 y1be6 ffda fs3a fc2 sc0 ls24 ws3b\">Consumables<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ec y2c37 w5e h8a\"><div class=\"t m0 x184 h88 y1be6 ffda fs3a fc2 sc0 ls20 ws36\">745<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x251 y2c37 w5e h8a\"><div class=\"t m0 x1be h88 y1be6 ffdd fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffda\"> </span></div></td><td class=\"c x2eb y2c37 w5e h8a\"><div class=\"t m0 x179 h88 y1be6 ffda fs3a fc2 sc0 ls20 ws36\">1,653<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2e6 y2c37 w87 h8a\"><div class=\"t m0 x179 h88 y1be6 ffda fs3a fc2 sc0 ls20 ws36\">2,398<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c38 w46 h86\"><div class=\"t m0 x0 h88 y1be4 ffda fs3a fc2 sc0 ls28 ws0\">Finish<span class=\"_ _2\"></span>ed goo<span class=\"_ _2\"></span>ds<span class=\"ls1\"> </span></div></td><td class=\"c x2ec y2c38 w5e h86\"><div class=\"t m0 x1be h88 y1be4 ffdd fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffda\"> </span></div></td><td class=\"c x251 y2c38 w5e h86\"><div class=\"t m0 x179 h88 y1be4 ffda fs3a fc2 sc0 ls20 ws36\">4,477<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2eb y2c38 w5e h86\"><div class=\"t m0 x1be h88 y1be4 ffdd fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ffda\"> </span></div></td><td class=\"c x2e6 y2c38 w87 h86\"><div class=\"t m0 x179 h88 y1be4 ffda fs3a fc2 sc0 ls20 ws36\">4,477<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2ec y2c39 w5e h86\"><div class=\"t m0 x184 h88 y1be2 ffda fs3a fc2 sc0 ls20 ws36\">745<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x251 y2c39 w5e h86\"><div class=\"t m0 x179 h88 y1be2 ffda fs3a fc2 sc0 ls20 ws36\">4,790<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2eb y2c39 w5e h86\"><div class=\"t m0 x179 h88 y1be2 ffda fs3a fc2 sc0 ls20 ws36\">1,760<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2e6 y2c39 w87 h86\"><div class=\"t m0 x179 h88 y1be2 ffda fs3a fc2 sc0 ls20 ws36\">7,295<span class=\"ls1 ws0\"> </span></div></td></tr></table>The cost of i<span class=\"_ _2\"></span>nventory incl<span class=\"_ _2\"></span>uded in <span class=\"_ _2\"></span>operating expen<span class=\"_ _2\"></span>ses in 2025 w<span class=\"_ _2\"></span>as $66.5 m<span class=\"_ _2\"></span>illion <span class=\"_ _2\"></span><span class=\"ls31 ws53\">(2024: <span class=\"_ _1\"></span><span class=\"ws51\">$62.5 million<span class=\"ls1 ws0\">) </span></span></span>for Stolt Se<span class=\"_ _2\"></span>a Farm, $25.5 m<span class=\"_ _2\"></span>illion<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">(2024: nil)</span> </span><span class=\"ws75\">for Stolt<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2f ws70\">Nielsen<span class=\"_ _2\"></span> Gas and $3.6<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws4e\">million <span class=\"ls31 ws53\">(<span class=\"_ _1\"></span>2024:<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">$4.9 million</span>) </span></span></span></span></span></span>for S<span class=\"_ _2\"></span>tolt T<span class=\"_ _2\"></span>ank C<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ainer<span class=\"_ _2\"></span>s. No<span class=\"_ _2\"></span> inv<span class=\"_ _2\"></span>entory<span class=\"_ _2\"></span> was<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">writt<span class=\"_ _1\"></span>e<span class=\"_ _2\"></span>n down in the years ended November 30, 2025 </span></span>and 2024. Bunk<span class=\"_ _2\"></span>ers of $36.2<span class=\"_ _2\"></span> million <span class=\"_ _2\"></span>and $39.3 m<span class=\"_ _2\"></span>illion were<span class=\"_ _2\"></span> included in p<span class=\"_ _2\"></span>repaid expense<span class=\"_ _2\"></span>s at November 30, <span class=\"ws53\">202<span class=\"ls1 ws0\">5 <span class=\"_ _1\"></span><span class=\"ls30 ws52\">and <span class=\"ls31 ws53\">202<span class=\"ls1 ws0\">4<span class=\"ls2f ws75\">, r<span class=\"_ _1\"></span>e<span class=\"_ _2\"></span>spectively.</span></span></span></span></span></span><span class=\"ws53\"><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ls31 ws53\"><span class=\"ls1 ws0\"><span class=\"ls2f ws75\"><span class=\"ls1 ws0\"> </span></span></span></span></span></span></span>Biolo<span class=\"_ _2\"></span>gical as<span class=\"_ _2\"></span>sets <span class=\"_ _2\"></span>in th<span class=\"_ _2\"></span>e <span class=\"ls1 ws0\">b<span class=\"ls5b ws8b\">al<span class=\"_ _1\"></span>anc<span class=\"_ _1\"></span>e <span class=\"ls1 ws0\">s<span class=\"_ _1\"></span><span class=\"ls5c wsbe\">hee<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\"> </span></span></span></span></span><table class=\"s w16a h12a\" id=\"_973a8648-42aa-4144-994f-24a14d581764\"><tr><td></td><td class=\"t m0 x2bc h82 y2c40 ffda fs3b fc2 sc0 ls1 ws0\"> <span class=\"_ _126\"> </span><span class=\"ws32\"></span><span class=\"ws32\">As of November</span> <span class=\"ls1b ws2f\">30</span> </td><td></td></tr><tr><td class=\"c x24b y2c41 w6b hb9\"><div class=\"t m0 x0 h82 y1c51 ffda fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"c x2ca y2c41 w20 hb9\"><div class=\"t m0 x177 h85 y1d6f ffd9 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c41 w20 hb9\"><div class=\"t m0 x177 h82 y1d6f ffda fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c42 w6b h86\"><div class=\"t m0 x0 h88 y1bfa ffda fs3a fc2 sc0 ls22 ws37\">Turbot and<span class=\"_ _1\"></span> sole<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ca y2c42 w20 h86\"><div class=\"t m0 x179 h87 y1bfa ffd9 fs3a fc2 sc0 ls23 ws39\">72,520<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c42 w20 h86\"><div class=\"t m0 x183 h88 y1bfa ffda fs3a fc2 sc0 ls20 ws36\">52,545<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>Biologi<span class=\"_ _2\"></span>cal<span class=\"_ _2\"></span> asset<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he work<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n proc<span class=\"_ _2\"></span>ess: l<span class=\"_ _2\"></span>ive <span class=\"_ _2\"></span>turbo<span class=\"_ _2\"></span>t and<span class=\"_ _2\"></span> s<span class=\"_ _2\"></span>ole th<span class=\"_ _2\"></span>at a<span class=\"_ _2\"></span>re in<span class=\"_ _2\"></span> the p<span class=\"_ _2\"></span>roces<span class=\"_ _2\"></span>s o<span class=\"_ _2\"></span>f grow<span class=\"_ _2\"></span>ing <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>to marketable size<span class=\"_ _2\"></span>. The b<span class=\"_ _2\"></span>iological a<span class=\"_ _2\"></span>ssets are t<span class=\"_ _2\"></span>ransferred to<span class=\"_ _2\"></span> inventory af<span class=\"_ _2\"></span>ter being h<span class=\"_ _2\"></span>arvested. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Recon<span class=\"_ _2\"></span>cilia<span class=\"_ _2\"></span>tion of <span class=\"_ _2\"></span>chan<span class=\"_ _2\"></span>ges<span class=\"ls1 ws0\"> <span class=\"ls56 wsbf\">in book <span class=\"_ _2\"></span>value of<span class=\"_ _2\"></span> turbo<span class=\"_ _2\"></span>t and s<span class=\"_ _2\"></span>ole</span> </span><table class=\"s w16f h12e\" id=\"_21e04e48-79e0-4e87-a4bd-6319e680dac1\"><tr><td class=\"c x246 y2c51 w170 h102\"><div class=\"t m0 x245 h82 y29a6 ffda fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2f3 h82 y29a7 ffda fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x2dd y2c52 w48 h83\"><div class=\"t m0 x177 h85 y2064 ffd9 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2c52 w2a h83\"><div class=\"t m0 x177 h82 y2064 ffda fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2c53 w80 h86\"><div class=\"t m0 x0 h87 y1bde ffd9 fs3a fc2 sc0 ls1f ws33\">Balan<span class=\"_ _2\"></span>ce at Decemb<span class=\"_ _2\"></span>er 1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2dd y2c53 w48 h86\"><div class=\"t m0 x179 h87 y1bde ffd9 fs3a fc2 sc0 ls23 ws39\">52,545<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2c53 w2a h86\"><div class=\"t m0 x183 h88 y1bde ffda fs3a fc2 sc0 ls20 ws36\">54,812<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2c54 w80 h8a\"><div class=\"t m0 x0 h88 y1be0 ffda fs3a fc2 sc0 ls24 ws3a\">Increases owing to production and purc<span class=\"_ _2\"></span>hases<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2dd y2c54 w48 h8a\"><div class=\"t m0 x179 h87 y1be0 ffd9 fs3a fc2 sc0 ls23 ws39\">69,405<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2c54 w2a h8a\"><div class=\"t m0 x183 h88 y1be0 ffda fs3a fc2 sc0 ls20 ws36\">61,594<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2c55 w80 h86\"><div class=\"t m0 x0 h88 y1bde ffda fs3a fc2 sc0 ls24 ws3a\">Gain (loss) <span class=\"ls29 ws42\">from ch<span class=\"_ _2\"></span>ange in fa<span class=\"_ _2\"></span>ir value<span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2dd y2c55 w48 h86\"><div class=\"t m0 x179 h87 y1bde ffd9 fs3a fc2 sc0 ls23 ws39\">12,607<span class=\"_ _1\"></span><span class=\"ls1 ws0\">  </span></div></td><td class=\"c x2de y2c55 w2c h86\"><div class=\"t m0 x47 h88 y1bde ffda fs3a fc2 sc0 ls20 ws36\">(699)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2c56 w80 h86\"><div class=\"t m0 x0 h88 y1be4 ffda fs3a fc2 sc0 ls24 ws3a\">Effect of changes in foreign curr<span class=\"_ _2\"></span>ency rates<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2dd y2c56 w48 h86\"><div class=\"t m0 x185 h87 y1be4 ffd9 fs3a fc2 sc0 ls21 ws35\">5,42<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\">  </span></div></td><td class=\"c x2de y2c56 w2c h86\"><div class=\"t m0 x186 h88 y1be4 ffda fs3a fc2 sc0 ls20 ws36\">(1,249)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2c57 w80 h8a\"><div class=\"t m0 x0 h88 y1be6 ffda fs3a fc2 sc0 ls22 ws37\">Decreases owin<span class=\"_ _1\"></span>g to mortalities<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2dd y2c57 w25 h8a\"><div class=\"t m0 x179 h87 y1be6 ffd9 fs3a fc2 sc0 ls21 ws35\">(1,28<span class=\"_ _2\"></span>5)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2c57 w2c h8a\"><div class=\"t m0 x186 h88 y1be6 ffda fs3a fc2 sc0 ls20 ws36\">(1,097)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2c58 w80 h86\"><div class=\"t m0 x0 h88 y1be4 ffda fs3a fc2 sc0 ls22 ws37\">Transf<span class=\"_ _1\"></span>er to inventory<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2dd y2c58 w25 h86\"><div class=\"t m0 x181 h87 y1be4 ffd9 fs3a fc2 sc0 ls21 ws35\">(66,1<span class=\"_ _2\"></span>78)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2c58 w2c h86\"><div class=\"t m0 x187 h88 y1be4 ffda fs3a fc2 sc0 ls20 ws36\">(60,816)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2c59 w80 h86\"><div class=\"t m0 x0 h87 y1be2 ffd9 fs3a fc2 sc0 ls2e ws6e\">Balance at November 30<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2dd y2c59 w48 h86\"><div class=\"t m0 x179 h87 y1be2 ffd9 fs3a fc2 sc0 ls23 ws39\">72,520<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2c59 w2a h86\"><div class=\"t m0 x183 h88 y1be2 ffda fs3a fc2 sc0 ls20 ws36\">52,545<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>Fair value adjustments on biological assets in the income statement<span class=\"ls1 ws0\">  </span><table class=\"s w16b h12d\" id=\"_5e7eefa7-3388-48c1-9830-7ff2df30fe6c\"><tr><td></td><td class=\"t m0 x2dc h82 y2c4b ffda fs3b fc2 sc0 ls1 ws0\"> <span class=\"_ _131\"> </span><span class=\"ws32\"></span><span class=\"ws32\">For the years ended<span class=\"_ _2\"></span> November</span> <span class=\"ls1b ws2f\">30</span> </td><td></td></tr><tr><td class=\"c x241 y2c4c w80 ha3\"><div class=\"t m0 x0 h82 y1ccb ffda fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"c x2dd y2c4c w48 ha3\"><div class=\"t m0 x177 h85 y1cce ffd9 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2c4c w2a ha3\"><div class=\"t m0 x177 h82 y1cce ffda fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x246 y2c4e w16d hfa\"><div class=\"t m0 x245 h87 y2c4d ffd9 fs3a fc2 sc0 ls2e ws6e\">Total fair value adjustment<span class=\"_ _2\"></span> <span class=\"ls25 ws4d\">of turbot and sole <span class=\"ls2c ws5a\">recognised in <span class=\"ws91\">opera<span class=\"_ _1\"></span>ting<span class=\"_ _195\"> </span></span></span></span></div></td><td></td><td></td></tr><tr><td class=\"c x246 y2c4f w16e hfa\"><div class=\"t m0 x245 h87 y2c4d ffd9 fs3a fc2 sc0 ls1f ws43\">expenses<span class=\"_ _195\"> </span></div></td><td class=\"c x2dd y2c50 w48 h93\"><div class=\"t m0 x179 h87 y1c50 ffd9 fs3a fc2 sc0 ls23 ws39\">12,607<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2c50 w2c h93\"><div class=\"t m0 x47 h88 y1c50 ffda fs3a fc2 sc0 ls20 ws36\">(699)<span class=\"ls1 ws0\"> </span></div></td></tr></table>Value of biological assets at fair value<span class=\"ls1 ws0\"> </span><table class=\"s w16b h12c\" id=\"_20187ecf-8654-492a-9e97-83c2c976bf93\"><tr><td></td><td class=\"t m0 x2dc h82 y2c48 ffda fs3b fc2 sc0 ls1 ws0\"> <span class=\"_ _126\"> </span><span class=\"ws32\"></span><span class=\"ws32\">As of N<span class=\"_ _2\"></span>ovember</span> <span class=\"ls1b ws2f\">30</span> </td><td></td></tr><tr><td class=\"c x241 y2c49 w80 ha3\"><div class=\"t m0 x0 h82 y20b8 ffda fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"c x2dd y2c49 w48 ha3\"><div class=\"t m0 x177 h85 y1ca1 ffd9 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2c49 w2a ha3\"><div class=\"t m0 x177 h82 y1ca1 ffda fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2c4a w80 h8a\"><div class=\"t m0 x0 h87 y1be6 ffd9 fs3a fc2 sc0 ls2c ws5a\">Total turbot and s<span class=\"_ _1\"></span>ole held at fair value included in the balance shee<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2dd y2c4a w48 h8a\"><div class=\"t m0 x179 h87 y1be6 ffd9 fs3a fc2 sc0 ls23 ws39\">68,882<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2c4a w2a h8a\"><div class=\"t m0 x183 h88 y1be6 ffda fs3a fc2 sc0 ls20 ws36\">48,442<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>Volumes<span class=\"_ _2\"></span> of bioma<span class=\"_ _2\"></span>ss <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><table class=\"s w16b h12b\" id=\"_bb78f16a-d891-44c3-b316-bc4f32aa10cf\"><tr><td></td><td></td><td class=\"c x2ef y2c43 w89 hbe\"><div class=\"t m0 x17e h82 y1c8b ffda fs3b fc2 sc0 ls1 ws32\">For the years ended and as of N<span class=\"_ _2\"></span>ovember<span class=\"ws0\"> <span class=\"ls1b ws2f\">30</span></span><span class=\"ws0\"> </span></div></td></tr><tr><td class=\"c x246 y2c44 w16c h121\"><div class=\"t m0 x245 h82 y29a6 ffda fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2f0 h82 y29a7 ffda fs3b fc2 sc0 ls1 ws0\">tonnes)<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x2f1 h85 y2c45 ffd9 fs3b fc2 sc0 ls1b ws2f\">202<span class=\"ls1 ws0\">5<span class=\"_ _195\"> </span></span></td><td class=\"t m0 x2f2 h82 y2c45 ffda fs3b fc2 sc0 ls1b ws2f\">202<span class=\"ls1 ws0\">4<span class=\"_ _195\"> </span></span></td></tr><tr><td class=\"c x241 y2c46 w80 h86\"><div class=\"t m0 x0 h88 y1bfa ffda fs3a fc2 sc0 ls24 ws3a\">Volume of biomass harvested during the year (<span class=\"_ _2\"></span>live weight)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2dd y2c46 w48 h86\"><div class=\"t m0 x179 h87 y1bfa ffd9 fs3a fc2 sc0 ls23 ws39\">10,021<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2c46 w2a h86\"><div class=\"t m0 x184 h88 y1bfa ffda fs3a fc2 sc0 ls20 ws36\">8,476<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2c47 w80 h86\"><div class=\"t m0 x0 h88 y1bdc ffda fs3a fc2 sc0 ls22 ws37\">Volum<span class=\"_ _1\"></span>e of biomass in the water at year end (l<span class=\"_ _1\"></span>ive weight)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2dd y2c47 w48 h86\"><div class=\"t m0 x185 h87 y1bdc ffd9 fs3a fc2 sc0 ls21 ws35\">4,75<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2c47 w2a h86\"><div class=\"t m0 x184 h88 y1bdc ffda fs3a fc2 sc0 ls20 ws36\">4,272<span class=\"ls1 ws0\"> </span></div></td></tr></table><div class=\"t m0 ha6 ffe0 fs3c fcb sc0 ls58 ws8e gs265\">Value of juvenile <span class=\"ls6d wsa9\">biolo<span class=\"_ _1\"></span>gical<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> <span class=\"ls7a\">assets at cost<span class=\"_ _2\"></span></span> </span></span></div><div class=\"gs266\"><table class=\"s w16a h12f\" id=\"_6a9a3a47-3f43-4bc2-92c6-7582aae4586f\"><tr><td></td><td class=\"c x2c7 y2c5a w8a h80\"><div class=\"t m0 x1be h82 y1cce ffe1 fs3b fc2 sc0 ls1 ws32\">As of November<span class=\"ws0\"> <span class=\"ls1b ws2f\">30</span></span><span class=\"ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2c5b w150 h103\"><div class=\"t m0 x245 h82 y29a6 ffe1 fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2b9 h82 y29a6 ffe1 fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x2c8 h85 y2c5c ffe0 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"t m0 x2c9 h82 y2c5c ffe1 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2c5d w6b h8a\"><div class=\"t m0 x0 h87 y1be0 ffe0 fs3a fc2 sc0 ls21 ws35\">Total<span class=\"_ _2\"></span> <span class=\"ls2c ws5a\">turbot a<span class=\"_ _1\"></span>nd sole<span class=\"ls1 ws0\"> </span>held at cos<span class=\"_ _1\"></span>t in<span class=\"_ _2\"></span>cluded in the balance she<span class=\"_ _1\"></span>et</span><span class=\"ls2c ws5a\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ca y2c5d w20 h8a\"><div class=\"t m0 x185 h87 y1be0 ffe0 fs3a fc2 sc0 ls21 ws35\">3,63<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c5d w20 h8a\"><div class=\"t m0 x184 h88 y1be0 ffe1 fs3a fc2 sc0 ls20 ws36\">4,103<span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 h98 ffe1 fs39 fc2 sc0 ls30 ws50 gs267\">The i<span class=\"_ _2\"></span>ncome<span class=\"_ _2\"></span> statem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> impac<span class=\"_ _2\"></span>t <span class=\"_ _2\"></span>relati<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>to t<span class=\"_ _2\"></span>he cha<span class=\"_ _2\"></span>nge i<span class=\"_ _2\"></span>n ca<span class=\"_ _2\"></span>rryi<span class=\"_ _2\"></span>ng v<span class=\"_ _2\"></span>alue w<span class=\"_ _2\"></span>hen <span class=\"_ _2\"></span>juven<span class=\"_ _2\"></span>ile <span class=\"_ _2\"></span>assets<span class=\"_ _2\"></span> have<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ffe1 fs39 fc2 sc0 ls30 ws50 gs268\">reache<span class=\"_ _2\"></span>d mat<span class=\"_ _2\"></span>uri<span class=\"_ _2\"></span>ty is i<span class=\"_ _2\"></span>mm<span class=\"_ _2\"></span>aterial<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>r the<span class=\"_ _2\"></span> year<span class=\"_ _2\"></span>s end<span class=\"_ _2\"></span>ed No<span class=\"_ _2\"></span>vemb<span class=\"_ _2\"></span>er 30<span class=\"_ _2\"></span>, 20<span class=\"_ _2\"></span><span class=\"ls31 ws53\">25<span class=\"ls1 ws0\"> </span></span>and 20<span class=\"ls31 ws53\">24<span class=\"ls1 ws0\">. </span></span></div><div class=\"t m0 h98 ffe1 fs39 fc2 sc0 ls30 ws50 gs269\">The Gr<span class=\"_ _2\"></span>oup i<span class=\"_ _2\"></span>s ex<span class=\"_ _2\"></span>posed<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span>risk<span class=\"_ _2\"></span>s ari<span class=\"_ _2\"></span>sing<span class=\"_ _2\"></span> from f<span class=\"_ _2\"></span>luct<span class=\"_ _2\"></span>uatio<span class=\"_ _2\"></span>ns i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> pric<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> turb<span class=\"_ _2\"></span>ot<span class=\"_ _2\"></span> and s<span class=\"_ _2\"></span>ole a<span class=\"_ _2\"></span>nd mo<span class=\"_ _2\"></span>nitor<span class=\"_ _2\"></span>s </div><div class=\"t m0 h98 ffe1 fs39 fc2 sc0 ls2f ws70 gs26a\">the effect o<span class=\"_ _2\"></span>f price cha<span class=\"_ _2\"></span>nges on pr<span class=\"_ _2\"></span>ofitability. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBiologicalAssetsAndGovernmentGrantsForAgriculturalActivityExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-693": {
   "value": "Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span>Invent<span class=\"_ _2\"></span>ori<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>are<span class=\"_ _2\"></span> meas<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>d at t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> low<span class=\"_ _2\"></span>er of<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>st <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>net r<span class=\"_ _2\"></span>eali<span class=\"_ _2\"></span>sab<span class=\"_ _2\"></span>le v<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>ue. T<span class=\"_ _2\"></span>he co<span class=\"_ _2\"></span>st <span class=\"_ _2\"></span>of i<span class=\"_ _2\"></span>nvent<span class=\"_ _2\"></span>ori<span class=\"_ _2\"></span>es i<span class=\"_ _2\"></span>s based on<span class=\"_ _2\"></span> the first<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls49 wsaa\">in, fi<span class=\"_ _2\"></span>rst<span class=\"_ _2\"></span></span>-<span class=\"_ _1\"></span><span class=\"ls54 ws70\">out prin<span class=\"_ _2\"></span>ciple and<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>es<span class=\"_ _2\"></span> expe<span class=\"_ _2\"></span>ndit<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>ncurr<span class=\"_ _2\"></span>ed i<span class=\"_ _2\"></span>n ac<span class=\"_ _2\"></span>qui<span class=\"_ _2\"></span>ring<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> inv<span class=\"_ _2\"></span>ento<span class=\"_ _2\"></span>rie<span class=\"_ _2\"></span>s </span></span></span></span>and b<span class=\"_ _2\"></span>ring<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> them<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>hei<span class=\"_ _2\"></span>r ex<span class=\"_ _2\"></span>ist<span class=\"_ _2\"></span>ing l<span class=\"_ _2\"></span>ocat<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>and<span class=\"_ _2\"></span> con<span class=\"_ _2\"></span>diti<span class=\"_ _2\"></span>on.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Net reali<span class=\"_ _2\"></span>sable <span class=\"_ _2\"></span>value is t<span class=\"_ _2\"></span>he estim<span class=\"_ _2\"></span>ated sel<span class=\"_ _2\"></span>ling pri<span class=\"_ _2\"></span>ce in th<span class=\"_ _2\"></span>e ordi<span class=\"_ _2\"></span>nary co<span class=\"_ _2\"></span>urse of b<span class=\"_ _2\"></span>usiness<span class=\"_ _2\"></span>, less th<span class=\"_ _2\"></span>e estimated costs <span class=\"_ _1\"></span>of completion and selling<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">exp<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>ses.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span>The cost of items transferred fro<span class=\"_ _2\"></span>m biological assets to inventory is the fair <span class=\"_ _2\"></span>value less costs to sell <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>at t<span class=\"_ _2\"></span>he dat<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> h<span class=\"_ _2\"></span>arve<span class=\"_ _2\"></span>st.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Biological assets primarily<span class=\"_ _1\"></span> comprised turbot and sole, wh<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ch include <span class=\"_ _1\"></span>fis<span class=\"_ _2\"></span>h with <span class=\"_ _1\"></span>and without an active mark<span class=\"_ _2\"></span>et fo<span class=\"_ _2\"></span>r s<span class=\"_ _2\"></span>ale (<span class=\"_ _2\"></span>\u2018mat<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>\u2019 a<span class=\"_ _2\"></span>nd \u2018j<span class=\"_ _2\"></span>uveni<span class=\"_ _2\"></span>le<span class=\"_ _2\"></span>\u2019 fi<span class=\"_ _2\"></span>sh),<span class=\"_ _2\"></span> whic<span class=\"_ _2\"></span>h <span class=\"_ _2\"></span>are f<span class=\"_ _2\"></span>arme<span class=\"_ _2\"></span>d by<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up. <span class=\"_ _2\"></span><span class=\"ffd3 ls1 ws0\"> </span>Turbot is considered \u2018mature\u2019 when it weighs m<span class=\"_ _2\"></span>ore than 300 <span class=\"ffd3 ls48 ws72\">gra<span class=\"_ _2\"></span>mmes</span><span class=\"ffd3\">, <span class=\"_ _2\"></span>while juvenile turbot weighs </span>less than 300 <span class=\"ls4c ws79\">gramme<span class=\"_ _2\"></span>s<span class=\"ls48 ws32\">. Sole i<span class=\"_ _2\"></span>s consider<span class=\"_ _2\"></span>ed mat<span class=\"_ _2\"></span>ure at 2<span class=\"_ _2\"></span>00<span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">gramm<span class=\"_ _2\"></span>es<span class=\"wsaa\">. Al<span class=\"_ _2\"></span>l m<span class=\"_ _2\"></span>atu<span class=\"_ _2\"></span>re t<span class=\"_ _2\"></span>urb<span class=\"_ _2\"></span>ot an<span class=\"_ _2\"></span>d sol<span class=\"_ _2\"></span>e ar<span class=\"_ _2\"></span>e </span></span></span></span></span>held <span class=\"_ _2\"></span>at f<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue le<span class=\"_ _2\"></span>ss c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s to<span class=\"_ _2\"></span> sel<span class=\"_ _2\"></span>l a<span class=\"_ _2\"></span>nd co<span class=\"_ _2\"></span>sts <span class=\"_ _2\"></span>rel<span class=\"_ _2\"></span>ated t<span class=\"_ _2\"></span>o p<span class=\"_ _2\"></span>ack<span class=\"_ _2\"></span>agi<span class=\"_ _2\"></span>ng. <span class=\"_ _2\"></span>Gains<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>sses f<span class=\"_ _2\"></span>rom<span class=\"_ _2\"></span> ch<span class=\"_ _2\"></span>anges<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n fair<span class=\"_ _2\"></span> value<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">are</span> <span class=\"_ _1\"></span><span class=\"ls48 ws32\">recog<span class=\"_ _2\"></span>nised in t<span class=\"_ _2\"></span>he inc<span class=\"_ _2\"></span>ome statem<span class=\"_ _2\"></span>ent. Fair<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue is det<span class=\"_ _2\"></span>ermined <span class=\"_ _2\"></span>on the b<span class=\"_ _2\"></span>asis of<span class=\"_ _2\"></span> quoted </span></span>prices in the princip<span class=\"ls49 wsaa\">al m<span class=\"_ _2\"></span>ark<span class=\"_ _2\"></span>et f<span class=\"_ _2\"></span>or t<span class=\"_ _2\"></span>he fi<span class=\"_ _2\"></span>sh<span class=\"_ _2\"></span>, wh<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span> suc<span class=\"_ _2\"></span>h inf<span class=\"_ _2\"></span>orm<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> <span class=\"ls73 wsb5\">is<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">avail<span class=\"_ _2\"></span>able.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue </span></span></span></span></span>adjust<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>t o<span class=\"_ _2\"></span>n bi<span class=\"_ _2\"></span>ologi<span class=\"_ _2\"></span>cal<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>ets<span class=\"_ _2\"></span> ha<span class=\"_ _2\"></span>s no<span class=\"_ _2\"></span> cas<span class=\"_ _2\"></span>h imp<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>doe<span class=\"_ _2\"></span>s not<span class=\"_ _2\"></span><span class=\"ffce ls1 ws0\"> </span>affect<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e re<span class=\"_ _2\"></span>sult<span class=\"_ _2\"></span> of op<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>ns before unrealised fair<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">value a<span class=\"_ _2\"></span>dj<span class=\"_ _2\"></span>ustme<span class=\"_ _2\"></span>nts.<span class=\"_ _2\"></span></span> </span>Juve<span class=\"_ _2\"></span>nile<span class=\"_ _2\"></span> tur<span class=\"_ _2\"></span>bot <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>sol<span class=\"_ _2\"></span>e are <span class=\"_ _2\"></span>car<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>ed at<span class=\"_ _2\"></span> cost<span class=\"_ _2\"></span> le<span class=\"_ _2\"></span>ss pr<span class=\"_ _2\"></span>ovi<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span>on for<span class=\"_ _2\"></span> im<span class=\"_ _2\"></span>pai<span class=\"_ _2\"></span>rment<span class=\"_ _2\"></span>, a<span class=\"_ _2\"></span>s man<span class=\"_ _2\"></span>agem<span class=\"_ _2\"></span>ent d<span class=\"_ _2\"></span>oes<span class=\"_ _2\"></span> not<span class=\"_ _2\"></span> believe that reliable fair values exist.<span class=\"ls1 ws0\"> </span>This approach is<span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">used</span> <span class=\"ls49 wsaa\">to me<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>e j<span class=\"_ _2\"></span>uve<span class=\"_ _2\"></span>nile t<span class=\"_ _2\"></span>urb<span class=\"_ _2\"></span>ot <span class=\"_ _2\"></span>and s<span class=\"_ _2\"></span>ole<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span> the </span></span>followi<span class=\"_ _2\"></span>ng rea<span class=\"_ _2\"></span>son<span class=\"_ _2\"></span>s:<span class=\"ls1 ws0\"> </span>\u2022<span class=\"ffd6\"> <span class=\"_ _b\"> </span><span class=\"ffd3 fs39 fc2 ls2f ws2f\">There is no active ma<span class=\"_ _2\"></span>rket for ju<span class=\"_ _2\"></span>venile turbot <span class=\"_ _2\"></span>or sole.<span class=\"ls1 ws0\"> </span></span></span>\u2022<span class=\"ffd6\"> <span class=\"_ _b\"> </span><span class=\"ffd3 fs39 fc2 ls53\">A non<span class=\"ls1\">-<span class=\"ls49 wsaa\">activ<span class=\"_ _2\"></span>e mar<span class=\"_ _2\"></span>ket<span class=\"_ _2\"></span> pric<span class=\"_ _2\"></span>e b<span class=\"_ _2\"></span>ased<span class=\"_ _2\"></span> on<span class=\"_ _2\"></span> disc<span class=\"_ _2\"></span>ounte<span class=\"_ _2\"></span>d c<span class=\"_ _2\"></span>ash f<span class=\"_ _2\"></span>low<span class=\"_ _2\"></span>s r<span class=\"_ _2\"></span>equi<span class=\"_ _2\"></span>res <span class=\"_ _2\"></span>a num<span class=\"_ _2\"></span>ber<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>var<span class=\"_ _2\"></span>iable<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd </span></span></span></span>assu<span class=\"_ _2\"></span>mpti<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span><span class=\"ls1 ws0\">,<span class=\"_ _1\"></span> <span class=\"ls54 ws70\">which historically cannot be</span><span class=\"ffce\"> </span><span class=\"ls54 ws70\">reliably determined. Key variables and assumptions</span> </span>for t<span class=\"_ _2\"></span>urbo<span class=\"_ _2\"></span>t a<span class=\"_ _2\"></span>nd so<span class=\"_ _2\"></span>le i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>ude <span class=\"_ _2\"></span>mort<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>ity r<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>, time<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> mat<span class=\"_ _2\"></span>urit<span class=\"_ _2\"></span>y, r<span class=\"_ _2\"></span>ate <span class=\"_ _2\"></span>of g<span class=\"_ _2\"></span>rowt<span class=\"_ _2\"></span>h a<span class=\"_ _2\"></span>nd<span class=\"ffce ls1 ws0\"> </span>mark<span class=\"_ _2\"></span>et p<span class=\"_ _2\"></span>rice <span class=\"_ _2\"></span>at<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span>the poi<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span><span class=\"ls1\"> <span class=\"ls49 wsaa\">harves<span class=\"_ _2\"></span>t. Gi<span class=\"_ _2\"></span>ven <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> spe<span class=\"_ _2\"></span>cifi<span class=\"_ _2\"></span>c cir<span class=\"_ _2\"></span>cum<span class=\"_ _2\"></span>sta<span class=\"_ _2\"></span>nces f<span class=\"_ _2\"></span>or <span class=\"_ _2\"></span>juve<span class=\"_ _2\"></span>nil<span class=\"_ _2\"></span>e as<span class=\"_ _2\"></span>set<span class=\"_ _2\"></span>s, any<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>umpt<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>s </span> </span>are sub<span class=\"_ _2\"></span>jec<span class=\"_ _2\"></span>tive<span class=\"_ _2\"></span>. <span class=\"ls1 ws0\"> </span>\u2022<span class=\"ffd6\"> <span class=\"_ _b\"> </span><span class=\"ffd3 fs39 fc2 ls49 wsaa\">The ext<span class=\"_ _2\"></span>ent <span class=\"_ _2\"></span>of t<span class=\"_ _2\"></span>hes<span class=\"_ _2\"></span>e un<span class=\"_ _2\"></span>cert<span class=\"_ _2\"></span>ainti<span class=\"_ _2\"></span>es<span class=\"_ _2\"></span> als<span class=\"_ _2\"></span>o r<span class=\"_ _2\"></span>esul<span class=\"_ _2\"></span>ts i<span class=\"_ _2\"></span>n dif<span class=\"_ _2\"></span>fic<span class=\"_ _2\"></span>ult<span class=\"_ _2\"></span>y in d<span class=\"_ _2\"></span>ete<span class=\"_ _2\"></span>rmi<span class=\"_ _2\"></span>ning<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>appr<span class=\"_ _2\"></span>opr<span class=\"_ _2\"></span>iat<span class=\"_ _2\"></span>e <span class=\"ls1 ws0\"> </span></span></span>disco<span class=\"_ _2\"></span>unt<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\">  </span>A fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue <span class=\"_ _2\"></span>adj<span class=\"_ _2\"></span>ustme<span class=\"_ _2\"></span>nt i<span class=\"_ _2\"></span>s m<span class=\"_ _2\"></span>ade a<span class=\"_ _2\"></span>t the<span class=\"_ _2\"></span> poi<span class=\"_ _2\"></span>nt <span class=\"_ _2\"></span>whe<span class=\"_ _2\"></span>n pre<span class=\"_ _2\"></span>viou<span class=\"_ _2\"></span>sly <span class=\"_ _2\"></span>juve<span class=\"_ _2\"></span>ni<span class=\"_ _2\"></span>le tu<span class=\"_ _2\"></span>rbot<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> sol<span class=\"_ _2\"></span>e i<span class=\"_ _2\"></span>s con<span class=\"_ _2\"></span>side<span class=\"_ _2\"></span>red<span class=\"_ _2\"></span> to mat<span class=\"_ _2\"></span>ure. <span class=\"_ _2\"></span>These<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue <span class=\"_ _2\"></span>adj<span class=\"_ _2\"></span>ustm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> the i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Afte<span class=\"_ _2\"></span>r har<span class=\"_ _2\"></span>ves<span class=\"_ _2\"></span>t, t<span class=\"_ _2\"></span>he pr<span class=\"_ _2\"></span>od<span class=\"_ _2\"></span>uce fr<span class=\"_ _2\"></span>om <span class=\"_ _2\"></span>har<span class=\"_ _2\"></span>vest<span class=\"_ _2\"></span> is t<span class=\"_ _2\"></span>reat<span class=\"_ _2\"></span>ed a<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>nve<span class=\"_ _2\"></span>ntor<span class=\"_ _2\"></span>y and<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> at t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> poi<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> harve<span class=\"_ _2\"></span>st i<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>reat<span class=\"_ _2\"></span>ed a<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>he cos<span class=\"_ _2\"></span>t of<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>nve<span class=\"_ _2\"></span>ntor<span class=\"_ _2\"></span>y.<span class=\"_ _195\"> </span><span class=\"ls1 ws0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBiologicalAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-674": {
   "value": "Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span>Invent<span class=\"_ _2\"></span>ori<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>are<span class=\"_ _2\"></span> meas<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>d at t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> low<span class=\"_ _2\"></span>er of<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>st <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>net r<span class=\"_ _2\"></span>eali<span class=\"_ _2\"></span>sab<span class=\"_ _2\"></span>le v<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>ue. T<span class=\"_ _2\"></span>he co<span class=\"_ _2\"></span>st <span class=\"_ _2\"></span>of i<span class=\"_ _2\"></span>nvent<span class=\"_ _2\"></span>ori<span class=\"_ _2\"></span>es i<span class=\"_ _2\"></span>s based on<span class=\"_ _2\"></span> the first<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls49 wsaa\">in, fi<span class=\"_ _2\"></span>rst<span class=\"_ _2\"></span></span>-<span class=\"_ _1\"></span><span class=\"ls54 ws70\">out prin<span class=\"_ _2\"></span>ciple and<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>es<span class=\"_ _2\"></span> expe<span class=\"_ _2\"></span>ndit<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>ncurr<span class=\"_ _2\"></span>ed i<span class=\"_ _2\"></span>n ac<span class=\"_ _2\"></span>qui<span class=\"_ _2\"></span>ring<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> inv<span class=\"_ _2\"></span>ento<span class=\"_ _2\"></span>rie<span class=\"_ _2\"></span>s </span></span></span></span>and b<span class=\"_ _2\"></span>ring<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> them<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>hei<span class=\"_ _2\"></span>r ex<span class=\"_ _2\"></span>ist<span class=\"_ _2\"></span>ing l<span class=\"_ _2\"></span>ocat<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>and<span class=\"_ _2\"></span> con<span class=\"_ _2\"></span>diti<span class=\"_ _2\"></span>on.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Net reali<span class=\"_ _2\"></span>sable <span class=\"_ _2\"></span>value is t<span class=\"_ _2\"></span>he estim<span class=\"_ _2\"></span>ated sel<span class=\"_ _2\"></span>ling pri<span class=\"_ _2\"></span>ce in th<span class=\"_ _2\"></span>e ordi<span class=\"_ _2\"></span>nary co<span class=\"_ _2\"></span>urse of b<span class=\"_ _2\"></span>usiness<span class=\"_ _2\"></span>, less th<span class=\"_ _2\"></span>e estimated costs <span class=\"_ _1\"></span>of completion and selling<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">exp<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>ses.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span>The cost of items transferred fro<span class=\"_ _2\"></span>m biological assets to inventory is the fair <span class=\"_ _2\"></span>value less costs to sell <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>at t<span class=\"_ _2\"></span>he dat<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> h<span class=\"_ _2\"></span>arve<span class=\"_ _2\"></span>st.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Biological assets primarily<span class=\"_ _1\"></span> comprised turbot and sole, wh<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ch include <span class=\"_ _1\"></span>fis<span class=\"_ _2\"></span>h with <span class=\"_ _1\"></span>and without an active mark<span class=\"_ _2\"></span>et fo<span class=\"_ _2\"></span>r s<span class=\"_ _2\"></span>ale (<span class=\"_ _2\"></span>\u2018mat<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>\u2019 a<span class=\"_ _2\"></span>nd \u2018j<span class=\"_ _2\"></span>uveni<span class=\"_ _2\"></span>le<span class=\"_ _2\"></span>\u2019 fi<span class=\"_ _2\"></span>sh),<span class=\"_ _2\"></span> whic<span class=\"_ _2\"></span>h <span class=\"_ _2\"></span>are f<span class=\"_ _2\"></span>arme<span class=\"_ _2\"></span>d by<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up. <span class=\"_ _2\"></span><span class=\"ffd3 ls1 ws0\"> </span>Turbot is considered \u2018mature\u2019 when it weighs m<span class=\"_ _2\"></span>ore than 300 <span class=\"ffd3 ls48 ws72\">gra<span class=\"_ _2\"></span>mmes</span><span class=\"ffd3\">, <span class=\"_ _2\"></span>while juvenile turbot weighs </span>less than 300 <span class=\"ls4c ws79\">gramme<span class=\"_ _2\"></span>s<span class=\"ls48 ws32\">. Sole i<span class=\"_ _2\"></span>s consider<span class=\"_ _2\"></span>ed mat<span class=\"_ _2\"></span>ure at 2<span class=\"_ _2\"></span>00<span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">gramm<span class=\"_ _2\"></span>es<span class=\"wsaa\">. Al<span class=\"_ _2\"></span>l m<span class=\"_ _2\"></span>atu<span class=\"_ _2\"></span>re t<span class=\"_ _2\"></span>urb<span class=\"_ _2\"></span>ot an<span class=\"_ _2\"></span>d sol<span class=\"_ _2\"></span>e ar<span class=\"_ _2\"></span>e </span></span></span></span></span>held <span class=\"_ _2\"></span>at f<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue le<span class=\"_ _2\"></span>ss c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s to<span class=\"_ _2\"></span> sel<span class=\"_ _2\"></span>l a<span class=\"_ _2\"></span>nd co<span class=\"_ _2\"></span>sts <span class=\"_ _2\"></span>rel<span class=\"_ _2\"></span>ated t<span class=\"_ _2\"></span>o p<span class=\"_ _2\"></span>ack<span class=\"_ _2\"></span>agi<span class=\"_ _2\"></span>ng. <span class=\"_ _2\"></span>Gains<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>sses f<span class=\"_ _2\"></span>rom<span class=\"_ _2\"></span> ch<span class=\"_ _2\"></span>anges<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n fair<span class=\"_ _2\"></span> value<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">are</span> <span class=\"_ _1\"></span><span class=\"ls48 ws32\">recog<span class=\"_ _2\"></span>nised in t<span class=\"_ _2\"></span>he inc<span class=\"_ _2\"></span>ome statem<span class=\"_ _2\"></span>ent. Fair<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue is det<span class=\"_ _2\"></span>ermined <span class=\"_ _2\"></span>on the b<span class=\"_ _2\"></span>asis of<span class=\"_ _2\"></span> quoted </span></span>prices in the princip<span class=\"ls49 wsaa\">al m<span class=\"_ _2\"></span>ark<span class=\"_ _2\"></span>et f<span class=\"_ _2\"></span>or t<span class=\"_ _2\"></span>he fi<span class=\"_ _2\"></span>sh<span class=\"_ _2\"></span>, wh<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span> suc<span class=\"_ _2\"></span>h inf<span class=\"_ _2\"></span>orm<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> <span class=\"ls73 wsb5\">is<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">avail<span class=\"_ _2\"></span>able.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue </span></span></span></span></span>adjust<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>t o<span class=\"_ _2\"></span>n bi<span class=\"_ _2\"></span>ologi<span class=\"_ _2\"></span>cal<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>ets<span class=\"_ _2\"></span> ha<span class=\"_ _2\"></span>s no<span class=\"_ _2\"></span> cas<span class=\"_ _2\"></span>h imp<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>doe<span class=\"_ _2\"></span>s not<span class=\"_ _2\"></span><span class=\"ffce ls1 ws0\"> </span>affect<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e re<span class=\"_ _2\"></span>sult<span class=\"_ _2\"></span> of op<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>ns before unrealised fair<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">value a<span class=\"_ _2\"></span>dj<span class=\"_ _2\"></span>ustme<span class=\"_ _2\"></span>nts.<span class=\"_ _2\"></span></span> </span>Juve<span class=\"_ _2\"></span>nile<span class=\"_ _2\"></span> tur<span class=\"_ _2\"></span>bot <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>sol<span class=\"_ _2\"></span>e are <span class=\"_ _2\"></span>car<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>ed at<span class=\"_ _2\"></span> cost<span class=\"_ _2\"></span> le<span class=\"_ _2\"></span>ss pr<span class=\"_ _2\"></span>ovi<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span>on for<span class=\"_ _2\"></span> im<span class=\"_ _2\"></span>pai<span class=\"_ _2\"></span>rment<span class=\"_ _2\"></span>, a<span class=\"_ _2\"></span>s man<span class=\"_ _2\"></span>agem<span class=\"_ _2\"></span>ent d<span class=\"_ _2\"></span>oes<span class=\"_ _2\"></span> not<span class=\"_ _2\"></span> believe that reliable fair values exist.<span class=\"ls1 ws0\"> </span>This approach is<span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">used</span> <span class=\"ls49 wsaa\">to me<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>e j<span class=\"_ _2\"></span>uve<span class=\"_ _2\"></span>nile t<span class=\"_ _2\"></span>urb<span class=\"_ _2\"></span>ot <span class=\"_ _2\"></span>and s<span class=\"_ _2\"></span>ole<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span> the </span></span>followi<span class=\"_ _2\"></span>ng rea<span class=\"_ _2\"></span>son<span class=\"_ _2\"></span>s:<span class=\"ls1 ws0\"> </span>\u2022<span class=\"ffd6\"> <span class=\"_ _b\"> </span><span class=\"ffd3 fs39 fc2 ls2f ws2f\">There is no active ma<span class=\"_ _2\"></span>rket for ju<span class=\"_ _2\"></span>venile turbot <span class=\"_ _2\"></span>or sole.<span class=\"ls1 ws0\"> </span></span></span>\u2022<span class=\"ffd6\"> <span class=\"_ _b\"> </span><span class=\"ffd3 fs39 fc2 ls53\">A non<span class=\"ls1\">-<span class=\"ls49 wsaa\">activ<span class=\"_ _2\"></span>e mar<span class=\"_ _2\"></span>ket<span class=\"_ _2\"></span> pric<span class=\"_ _2\"></span>e b<span class=\"_ _2\"></span>ased<span class=\"_ _2\"></span> on<span class=\"_ _2\"></span> disc<span class=\"_ _2\"></span>ounte<span class=\"_ _2\"></span>d c<span class=\"_ _2\"></span>ash f<span class=\"_ _2\"></span>low<span class=\"_ _2\"></span>s r<span class=\"_ _2\"></span>equi<span class=\"_ _2\"></span>res <span class=\"_ _2\"></span>a num<span class=\"_ _2\"></span>ber<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>var<span class=\"_ _2\"></span>iable<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd </span></span></span></span>assu<span class=\"_ _2\"></span>mpti<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span><span class=\"ls1 ws0\">,<span class=\"_ _1\"></span> <span class=\"ls54 ws70\">which historically cannot be</span><span class=\"ffce\"> </span><span class=\"ls54 ws70\">reliably determined. Key variables and assumptions</span> </span>for t<span class=\"_ _2\"></span>urbo<span class=\"_ _2\"></span>t a<span class=\"_ _2\"></span>nd so<span class=\"_ _2\"></span>le i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>ude <span class=\"_ _2\"></span>mort<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>ity r<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>, time<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> mat<span class=\"_ _2\"></span>urit<span class=\"_ _2\"></span>y, r<span class=\"_ _2\"></span>ate <span class=\"_ _2\"></span>of g<span class=\"_ _2\"></span>rowt<span class=\"_ _2\"></span>h a<span class=\"_ _2\"></span>nd<span class=\"ffce ls1 ws0\"> </span>mark<span class=\"_ _2\"></span>et p<span class=\"_ _2\"></span>rice <span class=\"_ _2\"></span>at<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span>the poi<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span><span class=\"ls1\"> <span class=\"ls49 wsaa\">harves<span class=\"_ _2\"></span>t. Gi<span class=\"_ _2\"></span>ven <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> spe<span class=\"_ _2\"></span>cifi<span class=\"_ _2\"></span>c cir<span class=\"_ _2\"></span>cum<span class=\"_ _2\"></span>sta<span class=\"_ _2\"></span>nces f<span class=\"_ _2\"></span>or <span class=\"_ _2\"></span>juve<span class=\"_ _2\"></span>nil<span class=\"_ _2\"></span>e as<span class=\"_ _2\"></span>set<span class=\"_ _2\"></span>s, any<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>umpt<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>s </span> </span>are sub<span class=\"_ _2\"></span>jec<span class=\"_ _2\"></span>tive<span class=\"_ _2\"></span>. <span class=\"ls1 ws0\"> </span>\u2022<span class=\"ffd6\"> <span class=\"_ _b\"> </span><span class=\"ffd3 fs39 fc2 ls49 wsaa\">The ext<span class=\"_ _2\"></span>ent <span class=\"_ _2\"></span>of t<span class=\"_ _2\"></span>hes<span class=\"_ _2\"></span>e un<span class=\"_ _2\"></span>cert<span class=\"_ _2\"></span>ainti<span class=\"_ _2\"></span>es<span class=\"_ _2\"></span> als<span class=\"_ _2\"></span>o r<span class=\"_ _2\"></span>esul<span class=\"_ _2\"></span>ts i<span class=\"_ _2\"></span>n dif<span class=\"_ _2\"></span>fic<span class=\"_ _2\"></span>ult<span class=\"_ _2\"></span>y in d<span class=\"_ _2\"></span>ete<span class=\"_ _2\"></span>rmi<span class=\"_ _2\"></span>ning<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>appr<span class=\"_ _2\"></span>opr<span class=\"_ _2\"></span>iat<span class=\"_ _2\"></span>e <span class=\"ls1 ws0\"> </span></span></span>disco<span class=\"_ _2\"></span>unt<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\">  </span>A fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue <span class=\"_ _2\"></span>adj<span class=\"_ _2\"></span>ustme<span class=\"_ _2\"></span>nt i<span class=\"_ _2\"></span>s m<span class=\"_ _2\"></span>ade a<span class=\"_ _2\"></span>t the<span class=\"_ _2\"></span> poi<span class=\"_ _2\"></span>nt <span class=\"_ _2\"></span>whe<span class=\"_ _2\"></span>n pre<span class=\"_ _2\"></span>viou<span class=\"_ _2\"></span>sly <span class=\"_ _2\"></span>juve<span class=\"_ _2\"></span>ni<span class=\"_ _2\"></span>le tu<span class=\"_ _2\"></span>rbot<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> sol<span class=\"_ _2\"></span>e i<span class=\"_ _2\"></span>s con<span class=\"_ _2\"></span>side<span class=\"_ _2\"></span>red<span class=\"_ _2\"></span> to mat<span class=\"_ _2\"></span>ure. <span class=\"_ _2\"></span>These<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue <span class=\"_ _2\"></span>adj<span class=\"_ _2\"></span>ustm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> the i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Afte<span class=\"_ _2\"></span>r har<span class=\"_ _2\"></span>ves<span class=\"_ _2\"></span>t, t<span class=\"_ _2\"></span>he pr<span class=\"_ _2\"></span>od<span class=\"_ _2\"></span>uce fr<span class=\"_ _2\"></span>om <span class=\"_ _2\"></span>har<span class=\"_ _2\"></span>vest<span class=\"_ _2\"></span> is t<span class=\"_ _2\"></span>reat<span class=\"_ _2\"></span>ed a<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>nve<span class=\"_ _2\"></span>ntor<span class=\"_ _2\"></span>y and<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> at t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> poi<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> harve<span class=\"_ _2\"></span>st i<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>reat<span class=\"_ _2\"></span>ed a<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>he cos<span class=\"_ _2\"></span>t of<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>nve<span class=\"_ _2\"></span>ntor<span class=\"_ _2\"></span>y.<span class=\"_ _195\"> </span><span class=\"ls1 ws0\"> </span><span class=\"ls1 ws0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-580": {
   "value": "14. Property, Plant and Equipment an<span class=\"_ _1\"></span>d D<span class=\"_ _2\"></span>eposit for Newbuildings  Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span>(i) Re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>nit<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> and m<span class=\"_ _2\"></span>eas<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>me<span class=\"_ _2\"></span>nt<span class=\"ls1 ws0\"> </span>Prope<span class=\"_ _2\"></span>rty<span class=\"_ _2\"></span>, pl<span class=\"_ _2\"></span>ant<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> equi<span class=\"_ _2\"></span>pme<span class=\"_ _2\"></span>nt i<span class=\"_ _2\"></span>s stat<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>at c<span class=\"_ _2\"></span>ost l<span class=\"_ _2\"></span>ess<span class=\"_ _2\"></span> acc<span class=\"_ _2\"></span>umul<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>eprec<span class=\"_ _2\"></span>iat<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>any r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nis<span class=\"_ _2\"></span>ed impairment loss.<span class=\"ls1 ws0\"> </span>Cost includes exp<span class=\"_ _2\"></span>enditures that<span class=\"_ _2\"></span> are directly <span class=\"_ _2\"></span>attributable t<span class=\"_ _2\"></span>o the acquisitio<span class=\"_ _2\"></span>n of the <span class=\"_ _2\"></span>asset. Borrowing<span class=\"_ _2\"></span> costs directly attributable to the construction of<span class=\"ls1 ws0\"> <span class=\"ls49 ws7c\">sig<span class=\"_ _2\"></span>nific<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>t asset<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> adde<span class=\"_ _2\"></span>d to the<span class=\"_ _2\"></span> cost<span class=\"_ _2\"></span> of suc<span class=\"_ _2\"></span>h </span></span>asset<span class=\"_ _2\"></span>s unt<span class=\"_ _2\"></span>il<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span>y ar<span class=\"_ _2\"></span>e re<span class=\"_ _2\"></span>ady f<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span>ir i<span class=\"_ _2\"></span>ntend<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>use.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">cost of ships <span class=\"_ _2\"></span>includes the con<span class=\"_ _2\"></span>tract price,<span class=\"_ _2\"></span> pre</span>-<span class=\"_ _195\"> </span></span>deli<span class=\"_ _2\"></span>very c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>ncur<span class=\"_ _2\"></span>red<span class=\"_ _2\"></span> duri<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>const<span class=\"_ _2\"></span>ruct<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>newb<span class=\"_ _2\"></span>uildi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span>s, b<span class=\"_ _2\"></span>orro<span class=\"_ _2\"></span>wing<span class=\"_ _2\"></span> cos<span class=\"_ _2\"></span>ts a<span class=\"_ _2\"></span>nd <span class=\"_ _2\"></span>any m<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>rial<span class=\"_ _2\"></span> expen<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span> inc<span class=\"_ _2\"></span>urred<span class=\"_ _2\"></span> up<span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>acqui<span class=\"_ _2\"></span>siti<span class=\"_ _2\"></span>on s<span class=\"_ _2\"></span>uch<span class=\"_ _2\"></span> as i<span class=\"_ _2\"></span>mpro<span class=\"_ _2\"></span>vem<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> de<span class=\"_ _2\"></span>live<span class=\"_ _2\"></span>ry ex<span class=\"_ _2\"></span>pen<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span> to p<span class=\"_ _2\"></span>rep<span class=\"_ _2\"></span>are t<span class=\"_ _2\"></span>he ship<span class=\"_ _2\"></span>s for<span class=\"_ _2\"></span> thei<span class=\"_ _2\"></span>r i<span class=\"_ _2\"></span><span class=\"ls49 ws7c\">niti<span class=\"_ _2\"></span>al voy<span class=\"_ _2\"></span>age.<span class=\"_ _195\"> </span></span>(ii<span class=\"_ _2\"></span>) Dep<span class=\"_ _2\"></span>reci<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on<span class=\"ls1 ws0\"> </span>Depre<span class=\"_ _2\"></span>ciat<span class=\"_ _2\"></span>ion i<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>char<span class=\"_ _2\"></span>ged<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>nco<span class=\"_ _2\"></span>me st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>a st<span class=\"_ _2\"></span>raig<span class=\"_ _2\"></span>ht<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls48 ws7d\">lin<span class=\"_ _2\"></span>e basis over the esti<span class=\"_ _2\"></span>mated usef<span class=\"_ _2\"></span>ul life </span></span>of e<span class=\"_ _2\"></span>ach c<span class=\"_ _2\"></span>ompo<span class=\"_ _2\"></span>ne<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> an i<span class=\"_ _2\"></span>tem <span class=\"_ _2\"></span>of<span class=\"ls1 ws0\"> <span class=\"ls54 ws70\">property, plant and</span> </span><span class=\"ws7c\">equip<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>t. La<span class=\"_ _2\"></span>nd and<span class=\"_ _2\"></span> asset<span class=\"_ _2\"></span>s und<span class=\"_ _2\"></span>er co<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ucti<span class=\"_ _2\"></span>on </span>are not de<span class=\"_ _2\"></span>preciated.<span class=\"_ _2\"></span> Proper<span class=\"_ _2\"></span>ty, pl<span class=\"_ _2\"></span>ant and e<span class=\"_ _2\"></span>quipment<span class=\"_ _2\"></span> is depr<span class=\"_ _2\"></span>eciated t<span class=\"_ _2\"></span>o<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">a resi<span class=\"_ _2\"></span>dual<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue <span class=\"ws78\">t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> </span></span></span><span class=\"ws72\">reflects </span>manag<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt\u2019s<span class=\"_ _2\"></span> estim<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span> of scr<span class=\"_ _2\"></span>ap val<span class=\"_ _2\"></span>ue or ot<span class=\"_ _2\"></span>her<span class=\"_ _2\"></span>wise r<span class=\"_ _2\"></span>eco<span class=\"_ _2\"></span>verab<span class=\"_ _2\"></span>le v<span class=\"_ _2\"></span>alu<span class=\"_ _2\"></span>e at the e<span class=\"_ _2\"></span>nd <span class=\"ffe4 ls61 wsac\">of the e<span class=\"_ _2\"></span>stimated<span class=\"ls1 ws0\"> </span></span>usef<span class=\"_ _2\"></span>ul lif<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he a<span class=\"_ _2\"></span>sset.<span class=\"_ _2\"></span> Re<span class=\"_ _2\"></span>sid<span class=\"_ _2\"></span>ual <span class=\"_ _2\"></span>valu<span class=\"_ _2\"></span>es a<span class=\"_ _2\"></span>nd e<span class=\"_ _2\"></span>cono<span class=\"_ _2\"></span>mic l<span class=\"_ _2\"></span>ive<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span>are<span class=\"_ _2\"></span> revi<span class=\"_ _2\"></span>ewed<span class=\"_ _2\"></span> an<span class=\"_ _2\"></span>nual<span class=\"_ _2\"></span>ly.<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span>(i<span class=\"ls4c ws79\">ii<span class=\"ls46 ws89\">) Sub<span class=\"_ _2\"></span>se<span class=\"_ _2\"></span>quen<span class=\"_ _2\"></span>t cos<span class=\"_ _2\"></span>ts <span class=\"ffe6 ls1 ws0\">\u2013<span class=\"ffe0\"> <span class=\"_ _1\"></span><span class=\"ls46 ws89\">dry<span class=\"_ _2\"></span>do<span class=\"_ _2\"></span>cki<span class=\"_ _2\"></span>ng cos<span class=\"_ _2\"></span>ts<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span></span>Upon <span class=\"_ _2\"></span>acq<span class=\"_ _2\"></span>uisit<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>n of<span class=\"_ _2\"></span> a shi<span class=\"_ _2\"></span>p, t<span class=\"_ _2\"></span>he e<span class=\"_ _2\"></span>st<span class=\"_ _2\"></span>imated<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>st <span class=\"_ _2\"></span>of e<span class=\"_ _2\"></span>ach c<span class=\"_ _2\"></span>ompo<span class=\"_ _2\"></span>nent<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>of dry<span class=\"_ _2\"></span>doc<span class=\"_ _2\"></span>king<span class=\"_ _2\"></span> is d<span class=\"_ _2\"></span>ed<span class=\"_ _2\"></span>ucted<span class=\"_ _2\"></span> fr<span class=\"_ _2\"></span>om t<span class=\"_ _2\"></span>he initial cost of the ship <span class=\"_ _2\"></span>and separately capitalised and depreciated over its estimated life.<span class=\"_ _2\"></span> Ships drydock every fi<span class=\"_ _2\"></span>ve years<span class=\"_ _2\"></span> thereaft<span class=\"_ _2\"></span>er. Aft<span class=\"_ _2\"></span>er a s<span class=\"_ _2\"></span>hip is 15 <span class=\"_ _2\"></span>y<span class=\"ls49 wsaa\">ear<span class=\"_ _2\"></span>s ol<span class=\"_ _2\"></span>d, <span class=\"_ _2\"></span>a<span class=\"ffe1 ls1 ws0\"> </span><span class=\"ls54 ws70\">shipping society classification intermediate </span></span>surve<span class=\"_ _2\"></span>y i<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">performed bet<span class=\"_ _2\"></span>ween t<span class=\"_ _2\"></span>he seco<span class=\"_ _2\"></span>nd and t<span class=\"_ _2\"></span>hird year<span class=\"_ _2\"></span> of the<span class=\"_ _2\"></span> five</span>-<span class=\"ls48 ws32\">year dryd<span class=\"_ _2\"></span>ocking<span class=\"_ _2\"></span> period.<span class=\"_ _2\"></span> The Gr<span class=\"_ _2\"></span>oup </span></span>capitalises a substantial portion of the costs in<span class=\"_ _2\"></span>curred<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws2f\">duri<span class=\"_ _2\"></span>ng drydo<span class=\"_ _2\"></span>cking, including t<span class=\"_ _2\"></span>he survey cos<span class=\"ls4b ws77\">t<span class=\"_ _2\"></span>s, </span></span></span>and de<span class=\"_ _2\"></span>pr<span class=\"_ _2\"></span>eci<span class=\"_ _2\"></span>ates t<span class=\"_ _2\"></span>ho<span class=\"_ _2\"></span>se co<span class=\"_ _2\"></span>sts <span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>a str<span class=\"_ _2\"></span>aig<span class=\"_ _2\"></span>ht<span class=\"ls1 ws0\">-<span class=\"ls54 ws70\">line basis from the time <span class=\"_ _2\"></span>of completion of a drydocking </span></span>or<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">intermediate <span class=\"_ _2\"></span>survey b<span class=\"_ _2\"></span>ased on<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>estimated l<span class=\"_ _2\"></span>ife of<span class=\"_ _2\"></span> each c<span class=\"_ _2\"></span>omponent <span class=\"_ _2\"></span>of the <span class=\"_ _2\"></span>drydocki<span class=\"_ _2\"></span>ng. The r<span class=\"_ _2\"></span>esidual </span></span>value<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> dryd<span class=\"_ _2\"></span>ocki<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>comp<span class=\"_ _2\"></span>one<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span> is z<span class=\"_ _2\"></span>ero.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws78\">Group<span class=\"_ _2\"></span> </span>expense<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>cost<span class=\"_ _2\"></span>s rel<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>d to<span class=\"_ _2\"></span> routi<span class=\"_ _2\"></span>ne<span class=\"_ _2\"></span> rep<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span>s an<span class=\"_ _2\"></span>d mai<span class=\"_ _2\"></span>ntena<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> incur<span class=\"_ _2\"></span>red<span class=\"_ _2\"></span> duri<span class=\"_ _2\"></span>ng d<span class=\"_ _2\"></span>ry<span class=\"_ _2\"></span>docki<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> do <span class=\"_ _2\"></span>not<span class=\"_ _2\"></span> impr<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span> or ex<span class=\"_ _2\"></span>te<span class=\"_ _2\"></span>nd the<span class=\"_ _2\"></span> use<span class=\"_ _2\"></span>ful<span class=\"_ _2\"></span> li<span class=\"_ _2\"></span>ves <span class=\"_ _2\"></span>of th<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> <span class=\"ls30 ws73\">ship<span class=\"_ _2\"></span>s. If </span></span>the dryd<span class=\"_ _2\"></span>ock result<span class=\"_ _2\"></span>s in<span class=\"ffe1 ls1 ws0\"> </span><span class=\"ls59 ws95\">an<span class=\"ffe1 ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ffe4 ls54 ws70\">extension <span class=\"_ _2\"></span>of the life of a ship, then t<span class=\"_ _2\"></span>he estimated useful life of t<span class=\"_ _2\"></span>he ship is </span></span></span>ch<span class=\"ws92\">anged accordingly.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>(i<span class=\"ls1 ws0\">v<span class=\"ls4c wsaa\">) Impairment of t<span class=\"_ _2\"></span>angible and <span class=\"_ _2\"></span>intangible <span class=\"_ _2\"></span>assets with fin<span class=\"_ _2\"></span>ite useful lives<span class=\"_ _2\"></span></span> </span>Tangible assets and intangible assets with fi<span class=\"_ _2\"></span>nite lives are tested for impairment if there <span class=\"_ _2\"></span>are indications of im<span class=\"_ _2\"></span>pai<span class=\"_ _2\"></span>rment<span class=\"_ _2\"></span>. T<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>arryi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>amo<span class=\"_ _2\"></span>unt<span class=\"_ _2\"></span>s of t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>Gro<span class=\"_ _2\"></span>up\u2019s<span class=\"_ _2\"></span> tang<span class=\"_ _2\"></span>ibl<span class=\"_ _2\"></span>e and<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nite<span class=\"_ _2\"></span><span class=\"ffe4 ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls54 ws70\">li<span class=\"_ _2\"></span>ved intangible assets are </span></span>revie<span class=\"_ _2\"></span>wed<span class=\"_ _2\"></span> at e<span class=\"_ _2\"></span>ac<span class=\"_ _2\"></span>h bal<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> she<span class=\"_ _2\"></span>et d<span class=\"_ _2\"></span>ate t<span class=\"_ _2\"></span>o d<span class=\"_ _2\"></span>eterm<span class=\"_ _2\"></span>ine<span class=\"_ _2\"></span> w<span class=\"_ _2\"></span><span class=\"ls48 ws32\">hether th<span class=\"_ _2\"></span>ere is<span class=\"ls1 ws0\"> </span></span>any i<span class=\"_ _2\"></span>ndic<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on o<span class=\"_ _2\"></span>f imp<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>. If<span class=\"ls1 ws0\"> <span class=\"ffe5 ls49 wsaa\">any suc<span class=\"_ _2\"></span>h ind<span class=\"_ _2\"></span>icat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> exi<span class=\"_ _2\"></span>sts<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>et\u2019<span class=\"_ _2\"></span>s re<span class=\"_ _2\"></span>cover<span class=\"_ _2\"></span>abl<span class=\"_ _2\"></span>e am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> esti<span class=\"_ _2\"></span>mated<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> dete<span class=\"_ _2\"></span>rmi<span class=\"_ _2\"></span>ne t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>exte<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> </span></span>an<span class=\"_ _1\"></span>y im<span class=\"_ _1\"></span>pair<span class=\"_ _1\"></span>ment l<span class=\"_ _1\"></span>oss<span class=\"_ _1\"></span>. Wher<span class=\"_ _1\"></span>e the<span class=\"_ _1\"></span> ass<span class=\"_ _1\"></span>et doe<span class=\"_ _1\"></span>s not<span class=\"_ _1\"></span> gene<span class=\"_ _1\"></span>rate<span class=\"_ _1\"></span> cash<span class=\"_ _1\"></span> flows<span class=\"_ _1\"></span> tha<span class=\"_ _1\"></span>t are<span class=\"_ _1\"></span> inde<span class=\"_ _1\"></span>pende<span class=\"_ _1\"></span>nt fr<span class=\"_ _1\"></span>om o<span class=\"_ _1\"></span>ther asset<span class=\"_ _2\"></span>s, th<span class=\"_ _2\"></span><span class=\"ls49 wsaa\">e Gro<span class=\"_ _2\"></span>up e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>he r<span class=\"_ _2\"></span>eco<span class=\"_ _2\"></span>verab<span class=\"_ _2\"></span>le <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> ca<span class=\"_ _2\"></span>sh<span class=\"ls1 ws0\">-</span><span class=\"ws7c\">gener<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng u<span class=\"_ _2\"></span>nit<span class=\"ls1 ws0\"> <span class=\"ls4b ws77\">(CGU)<span class=\"_ _2\"></span></span> <span class=\"ls4b ws49\">to which<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he </span></span></span></span>asset<span class=\"_ _2\"></span> bel<span class=\"_ _2\"></span>ong<span class=\"_ _2\"></span>s. S<span class=\"_ _2\"></span>hip n<span class=\"_ _2\"></span>ewb<span class=\"_ _2\"></span>uild<span class=\"_ _2\"></span>ings<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> oth<span class=\"_ _2\"></span>er <span class=\"_ _2\"></span>asset<span class=\"_ _2\"></span>s u<span class=\"_ _2\"></span>nder<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ucti<span class=\"_ _2\"></span>on ar<span class=\"_ _2\"></span>e te<span class=\"_ _2\"></span>sted<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span> imp<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> when<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span>re i<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>n indi<span class=\"_ _2\"></span>cat<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>of im<span class=\"_ _2\"></span>pai<span class=\"_ _2\"></span>rme<span class=\"_ _2\"></span>nt. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> me<span class=\"_ _2\"></span>asure<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>he re<span class=\"_ _2\"></span>cov<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>able <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nt o<span class=\"_ _2\"></span>f as<span class=\"_ _2\"></span>set<span class=\"_ _2\"></span>s by<span class=\"_ _2\"></span> comp<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>heir<span class=\"_ _2\"></span> car<span class=\"_ _2\"></span>ryi<span class=\"_ _2\"></span>ng am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> wit<span class=\"_ _2\"></span>h t<span class=\"_ _2\"></span>he higher of their fair value less cost<span class=\"_ _2\"></span>s of<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">dispos<span class=\"_ _2\"></span>al (<span class=\"_ _2\"></span>FVLC<span class=\"_ _2\"></span>D) or<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue i<span class=\"_ _2\"></span>n use<span class=\"_ _2\"></span> (VI<span class=\"_ _2\"></span>U).<span class=\"_ _2\"></span></span> </span>FVLCD is d<span class=\"_ _2\"></span>etermi<span class=\"_ _2\"></span>ned as t<span class=\"_ _2\"></span>he amo<span class=\"_ _2\"></span>unt that<span class=\"_ _2\"></span> would be <span class=\"_ _2\"></span>obtain<span class=\"_ _2\"></span>ed from t<span class=\"_ _2\"></span>he sale <span class=\"_ _2\"></span>of the <span class=\"_ _2\"></span>asset i<span class=\"_ _2\"></span>n an orde<span class=\"_ _2\"></span>rly transaction between market p<span class=\"_ _2\"></span>articipants. FVLCD is<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">gen<span class=\"_ _2\"></span>erall<span class=\"_ _2\"></span>y d<span class=\"_ _2\"></span>eter<span class=\"_ _2\"></span>mi<span class=\"_ _2\"></span>ned a<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>he pr<span class=\"_ _2\"></span>ese<span class=\"_ _2\"></span>nt val<span class=\"_ _2\"></span>ue<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he </span></span>estimated future<span class=\"_ _2\"></span> cash flows expe<span class=\"_ _2\"></span>cted to <span class=\"_ _2\"></span>arise from the <span class=\"_ _2\"></span>cont<span class=\"ls49 wsaa\">inue<span class=\"_ _2\"></span>d <span class=\"_ _2\"></span>use of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> as<span class=\"_ _2\"></span>set<span class=\"_ _2\"></span>, i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> any<span class=\"_ _2\"></span> </span>expa<span class=\"_ _2\"></span>nsio<span class=\"_ _2\"></span>n pro<span class=\"_ _2\"></span>ject<span class=\"_ _2\"></span>s,<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> its<span class=\"_ _2\"></span> even<span class=\"_ _2\"></span>tual<span class=\"_ _2\"></span> di<span class=\"_ _2\"></span>spos<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>, usi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>assum<span class=\"_ _2\"></span>pti<span class=\"_ _2\"></span>ons t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> an i<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span>epen<span class=\"_ _2\"></span>dent<span class=\"_ _2\"></span> mark<span class=\"_ _2\"></span>et parti<span class=\"_ _2\"></span>cip<span class=\"_ _2\"></span>ant<span class=\"_ _2\"></span> may t<span class=\"_ _2\"></span>ake<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>o a<span class=\"_ _2\"></span>ccoun<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>. The<span class=\"_ _2\"></span>se c<span class=\"_ _2\"></span>ash f<span class=\"_ _2\"></span>lows<span class=\"_ _2\"></span> ar<span class=\"_ _2\"></span>e di<span class=\"_ _2\"></span>scou<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>d at<span class=\"_ _2\"></span> an<span class=\"ls1 ws0\"> </span>appr<span class=\"_ _2\"></span>opr<span class=\"_ _2\"></span>iate<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> arr<span class=\"_ _2\"></span>ive <span class=\"_ _2\"></span>at a net p<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>sent<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue o<span class=\"_ _2\"></span>f <span class=\"ls4b ws49\">t<span class=\"_ _2\"></span>he a<span class=\"_ _2\"></span>sset.<span class=\"_ _195\"> </span></span>VIU is det<span class=\"_ _2\"></span>ermined <span class=\"_ _2\"></span>as the p<span class=\"_ _2\"></span>resent <span class=\"_ _2\"></span>value of t<span class=\"_ _2\"></span>he est<span class=\"_ _2\"></span>imated f<span class=\"_ _2\"></span>uture ca<span class=\"_ _2\"></span>sh flo<span class=\"_ _2\"></span>ws expect<span class=\"_ _2\"></span>ed to ari<span class=\"_ _2\"></span>se fr<span class=\"_ _2\"></span>om the continued <span class=\"_ _2\"></span>use of t<span class=\"_ _2\"></span>he a<span class=\"_ _2\"></span>sset in its<span class=\"_ _2\"></span> prese<span class=\"_ _2\"></span>nt form <span class=\"_ _2\"></span>and it<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls54 ws70\">eventual di<span class=\"_ _2\"></span>sposal. VIU is determined by <span class=\"_ _2\"></span>applying </span></span>assu<span class=\"_ _2\"></span>mpti<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span> spec<span class=\"_ _2\"></span>ifi<span class=\"_ _2\"></span>c to<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Gro<span class=\"_ _2\"></span>up\u2019s<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntinu<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>use <span class=\"_ _2\"></span>a<span class=\"ffe9\">nd c<span class=\"_ _2\"></span>annot<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>ake<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>o acc<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> fut<span class=\"_ _2\"></span>ure <span class=\"_ _2\"></span>de<span class=\"_ _2\"></span>velop<span class=\"_ _2\"></span>me<span class=\"_ _2\"></span>nt. </span>These<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls49 ws7c\">assumpt<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>s are d<span class=\"_ _2\"></span>iff<span class=\"_ _2\"></span>erent<span class=\"_ _2\"></span> from<span class=\"_ _2\"></span> those<span class=\"_ _2\"></span> used i<span class=\"_ _2\"></span>n calc<span class=\"_ _2\"></span>ulat<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> fair val<span class=\"_ _2\"></span>ue a<span class=\"_ _2\"></span>nd con<span class=\"_ _2\"></span>seque<span class=\"_ _2\"></span>ntly<span class=\"_ _2\"></span> the val<span class=\"_ _2\"></span>ue<span class=\"_ _2\"></span> </span></span>in<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">use calc<span class=\"_ _2\"></span>ulat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> likel<span class=\"_ _2\"></span>y t<span class=\"_ _2\"></span>o gi<span class=\"_ _2\"></span>ve a d<span class=\"_ _2\"></span>iff<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>nt r<span class=\"_ _2\"></span>esult<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> a f<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue ca<span class=\"_ _2\"></span>lcul<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on.<span class=\"_ _2\"></span></span> </span>An imp<span class=\"_ _2\"></span>airm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss is<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> whe<span class=\"_ _2\"></span>neve<span class=\"_ _2\"></span>r the<span class=\"_ _2\"></span> ca<span class=\"_ _2\"></span>rryi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nt o<span class=\"_ _2\"></span>f a<span class=\"_ _2\"></span>n as<span class=\"_ _2\"></span>set o<span class=\"_ _2\"></span>r it<span class=\"_ _2\"></span>s <span class=\"ls53 ws80\">C<span class=\"_ _2\"></span>GU<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">exceeds its </span></span></span>reco<span class=\"_ _2\"></span>verab<span class=\"_ _2\"></span>le<span class=\"_ _2\"></span> amo<span class=\"_ _2\"></span>unt.<span class=\"_ _2\"></span> Imp<span class=\"_ _2\"></span>airme<span class=\"_ _2\"></span>nt <span class=\"_ _2\"></span>loss<span class=\"_ _2\"></span>es a<span class=\"_ _2\"></span>re r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d in t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> inc<span class=\"_ _2\"></span>ome s<span class=\"_ _2\"></span>tate<span class=\"_ _2\"></span>me<span class=\"_ _2\"></span>nt. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>An imp<span class=\"_ _2\"></span>airm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss, <span class=\"_ _2\"></span>othe<span class=\"_ _2\"></span>r t<span class=\"_ _2\"></span>han f<span class=\"_ _2\"></span>or g<span class=\"_ _2\"></span>ood<span class=\"_ _2\"></span>will<span class=\"_ _2\"></span>, i<span class=\"_ _2\"></span>s rev<span class=\"_ _2\"></span>ers<span class=\"_ _2\"></span>ed wh<span class=\"_ _2\"></span>en t<span class=\"_ _2\"></span>here<span class=\"_ _2\"></span> is <span class=\"_ _2\"></span>an i<span class=\"_ _2\"></span>ndic<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on t<span class=\"_ _2\"></span>hat t<span class=\"_ _2\"></span>he impairment loss may no longer exist <span class=\"_ _2\"></span>and there has been a<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">change i<span class=\"_ _2\"></span>n the estim<span class=\"_ _2\"></span>ates u<span class=\"_ _2\"></span>sed to d<span class=\"_ _2\"></span>etermin<span class=\"_ _2\"></span>e </span></span>the rec<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>rabl<span class=\"_ _2\"></span>e amo<span class=\"_ _2\"></span>unt.<span class=\"_ _195\"> </span>(v) Estimated usef<span class=\"_ _2\"></span>ul lives<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The est<span class=\"_ _2\"></span>imat<span class=\"_ _2\"></span>ed us<span class=\"_ _2\"></span>eful<span class=\"_ _2\"></span> live<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> as foll<span class=\"_ _2\"></span>ows:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><table class=\"s w172 h131\" id=\"_93e8bab9-c255-41c7-8128-c3d7b4087cf8\"><tr><td></td><td class=\"c x2f4 y2c6a w87 h80\"><div class=\"t m0 x17e h82 y1bd8 ffec fs3b fc2 sc0 ls1 ws0\">Average Years </div></td></tr><tr><td class=\"c x24b y2c6b w8b h8c\"><div class=\"t m0 x0 h87 y1be6 ffeb fs3a fc2 sc0 ls2c ws91\">Buildings<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f4 y2c6b w87 h8c\"><div class=\"t m0 x17b h88 y1be6 ffec fs3a fc2 sc0 ls20 ws34\">15 to 5<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c6c w8b h86\"><div class=\"t m0 x0 h87 y1c0a ffeb fs3a fc2 sc0 ls2c ws5a\">Ships and barg<span class=\"_ _1\"></span>es<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x24b y2c6d w8b h8a\"><div class=\"t m0 x19a h88 y1c18 ffec fs3a fc2 sc0 ls20 ws36\">Ships<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f4 y2c6d w87 h8a\"><div class=\"t m0 x17b h88 y1c18 ffec fs3a fc2 sc0 ls20 ws34\">25 to 3<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c6e w8b h86\"><div class=\"t m0 x19a h88 y1be2 ffec fs3a fc2 sc0 ls1f ws43\">Barges<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f4 y2c6e w87 h86\"><div class=\"t m0 x17b h88 y1be2 ffec fs3a fc2 sc0 ls20 ws34\">25 to <span class=\"ls7b wsc2\">40</span><span class=\"ls7b wsc2\"><span class=\"ls1 ws0\"> </span></span></div></td></tr><tr><td class=\"c x24b y2c6f w8b h8c\"><div class=\"t m0 x0 h87 y1c09 ffeb fs3a fc2 sc0 ls22 ws34\">Tank co<span class=\"_ _1\"></span>ntainers<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f4 y2c6f w87 h8c\"><div class=\"t m0 x17b h88 y1c09 ffec fs3a fc2 sc0 ls20 ws34\">10 to 2<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c70 w8b h89\"><div class=\"t m0 x0 h87 y1bea ffeb fs3a fc2 sc0 ls2c ws5a\">Plant and equipment:<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x24b y2c71 w8b h8c\"><div class=\"t m0 x19a h88 y1bec ffec fs3a fc2 sc0 ls24 ws3a\">Terminal tanks and structur<span class=\"_ _2\"></span>es<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f4 y2c71 w87 h8c\"><div class=\"t m0 x17b h88 y1bec ffec fs3a fc2 sc0 ls20 ws34\">10 to 4<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c72 w8b h86\"><div class=\"t m0 x19a h88 y1c4c ffec fs3a fc2 sc0 ls2a ws5a\">Othe<span class=\"_ _2\"></span>r t<span class=\"ws45\">er<span class=\"_ _2\"></span>minal<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls24 ws3a\">support<span class=\"_ _2\"></span> equipment and other assets</span></span></span><span class=\"ws45\"><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></span></div></td><td class=\"c x2f4 y2c72 w87 h86\"><div class=\"t m0 x17b h88 y1c4c ffec fs3a fc2 sc0 ls20 ws34\">10 to 3<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c73 w8b h86\"><div class=\"t m0 x19a h88 y1bef ffec fs3a fc2 sc0 ls24 ws3a\">SSF transportation equipment<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f4 y2c73 w87 h86\"><div class=\"t m0 x179 h88 y1bef ffec fs3a fc2 sc0 ls20 ws34\">4 to 5<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c74 w8b h8a\"><div class=\"t m0 x19a h88 y1bf1 ffec fs3a fc2 sc0 ls24 ws3a\">SSF operating equipment and other asset<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f4 y2c74 w87 h8a\"><div class=\"t m0 x180 h88 y1bf1 ffec fs3a fc2 sc0 ls20 ws34\">5 to 15<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c75 w8b h86\"><div class=\"t m0 x19a h88 y1bef ffec fs3a fc2 sc0 ls2a ws45\">Offic<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> <span class=\"ls25 ws41\">assets</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f4 y2c75 w87 h86\"><div class=\"t m0 x179 h88 y1bef ffec fs3a fc2 sc0 ls20 ws34\">3 to <span class=\"ls1 ws0\">5</span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c76 w8b h8a\"><div class=\"t m0 x0 h87 y1bf6 ffeb fs3a fc2 sc0 ls1f ws33\">Leasehol<span class=\"_ _2\"></span>d improvem<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f4 y2c76 w87 h8a\"><div class=\"t m0 x180 h88 y1bf6 ffec fs3a fc2 sc0 ls20 ws34\">5 to 10<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>Aver<span class=\"_ _2\"></span>age y<span class=\"_ _2\"></span>ear<span class=\"_ _2\"></span>s excl<span class=\"_ _2\"></span>ud<span class=\"_ _2\"></span>e imm<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>ria<span class=\"_ _2\"></span>l asse<span class=\"_ _2\"></span>ts.<div class=\"t m0 h7e ffef fs39 fc9 sc0 ls4c wsaa gs2a9\">(vi) Disposals<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac fff0 fs39 fc2 sc0 ls49 wsaa gs2aa\">The g<span class=\"_ _2\"></span>ain <span class=\"_ _2\"></span>or l<span class=\"_ _2\"></span>oss <span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>sing<span class=\"_ _2\"></span> <span class=\"ls48 ws32\">on the<span class=\"_ _2\"></span> dispo<span class=\"_ _2\"></span>sal or ret<span class=\"_ _2\"></span>ireme<span class=\"_ _2\"></span>nt of an <span class=\"_ _2\"></span>asset is <span class=\"_ _2\"></span>determin<span class=\"_ _2\"></span>ed as th<span class=\"_ _2\"></span>e diffe<span class=\"_ _2\"></span>rence bet<span class=\"_ _2\"></span>ween the<span class=\"_ _2\"></span> sale p<span class=\"_ _2\"></span>roceeds <span class=\"_ _2\"></span>and t<span class=\"_ _2\"></span>he carrying<span class=\"_ _2\"></span> amount<span class=\"_ _2\"></span> o</span>f <span class=\"_ _2\"></span>the a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>sed i<span class=\"_ _2\"></span>n th<span class=\"_ _2\"></span>e i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e stat<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 fff1 fs39 fc2 sc0 ls30 ws50 gs2ab\">The bel<span class=\"_ _2\"></span>ow <span class=\"_ _2\"></span>table<span class=\"_ _2\"></span> shows<span class=\"_ _2\"></span> ow<span class=\"_ _2\"></span>ned p<span class=\"_ _2\"></span>roper<span class=\"_ _2\"></span>ty, pl<span class=\"_ _2\"></span>ant <span class=\"_ _2\"></span>and<span class=\"_ _2\"></span> equip<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></div><div class=\"gs2ac\"><table class=\"s w173 h132\" id=\"_cbb71a8c-cb25-4a20-9bbd-0f49b6ed9ebd\"><tr><td class=\"c x24b y2c77 w4d h97\"><div class=\"t m0 x0 h85 y2120 ffef fs3b fc2 sc0 ls69 wsbc\">Cost<span class=\"_ _195\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c x2f5 y2c78 w174 h103\"><div class=\"t m0 x245 h82 y29a6 fff1 fs3b fc2 sc0 ls1e ws60\">Plant and<span class=\"_ _195\"> </span></div></td><td class=\"c x2f6 y2c78 w175 h103\"><div class=\"t m0 x245 h82 y29a6 fff1 fs3b fc2 sc0 ls1 ws0\">Leasehold<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x283 h82 y2c79 fff1 fs3b fc2 sc0 ls1 ws0\">Construction<span class=\"_ _195\"> </span></td><td></td></tr><tr><td class=\"c x24b y2c77 w4d h97\"><div class=\"t m0 x0 h82 y2122 fff1 fs3b fc2 sc0 ls1 ws0\">(<span class=\"ls2d ws4a\"></span><span class=\"ls2d ws4a\">in</span> <span class=\"ls1c ws30\">US </span>$ thousands) </div></td><td class=\"c x28c y2c77 w20 h97\"><div class=\"t m0 x1a0 h82 y1bd8 fff1 fs3b fc2 sc0 ls7c wsc3\">Land<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c77 w20 h97\"><div class=\"t m0 x179 h82 y1bd8 fff1 fs3b fc2 sc0 ls2d ws4a\">Buildin<span class=\"_ _2\"></span>gs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c77 w8d h97\"><div class=\"t m0 x19b h82 y1bd8 fff1 fs3b fc2 sc0 ls1e ws2f\">Ships and <span class=\"ls1 ws0\">b<span class=\"ls3a ws9b\">arges</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c77 w48 h97\"><div class=\"t m0 x19a h82 y1bd8 fff1 fs3b fc2 sc0 ls1c ws30\">Tank <span class=\"ls1 ws0\">containers</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f7 y2c7a w176 h103\"><div class=\"t m0 x245 h82 y29a6 fff1 fs3b fc2 sc0 ls1 ws0\">equipment<span class=\"_ _195\"> </span></div></td><td class=\"c x2f8 y2c7a w177 h103\"><div class=\"t m0 x245 h82 y29a6 fff1 fs3b fc2 sc0 ls1 ws0\">improvements</div></td><td class=\"c x2f9 y2c77 w20 h97\"><div class=\"t m0 x99 h82 y2123 fff1 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x180 h82 y2064 fff1 fs3b fc2 sc0 ls1 ws0\">i<span class=\"ls7d wsc4\">n </span>progress </div></td><td class=\"c x2fa y2c77 w34 h97\"><div class=\"t m0 x1a0 h82 y1bd8 fff1 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2c7b w4d h89\"><div class=\"t m0 x0 h87 y1bde ffef fs3a fc2 sc0 ls7e ws4d\">Balan<span class=\"_ _2\"></span>ce at<span class=\"_ _2\"></span> <span class=\"ls7f wsc5\">Decem<span class=\"_ _1\"></span>ber 1<span class=\"ls76 ws38\">, 202<span class=\"ls1 ws0\">3</span></span></span><span class=\"ls7f wsc5\"><span class=\"ls76 ws38\"><span class=\"ls1 ws0\"><span class=\"_ _3\"></span> </span></span></span></div></td><td class=\"c x28c y2c7b w20 h89\"><div class=\"t m0 x183 h87 y1bde ffef fs3a fc2 sc0 ls76 wsb9\">64,707<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c7b w20 h89\"><div class=\"t m0 x187 h87 y1bde ffef fs3a fc2 sc0 ls76 wsb9\">145,333<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c7b w8d h89\"><div class=\"t m0 x17b h87 y1bde ffef fs3a fc2 sc0 ls76 wsb9\">3,298,743<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c7b w48 h89\"><div class=\"t m0 x187 h87 y1bde ffef fs3a fc2 sc0 ls76 wsb9\">542,230<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c7b w2a h89\"><div class=\"t m0 x17b h87 y1bde ffef fs3a fc2 sc0 ls76 wsb9\">1,602,071<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c7b w20 h89\"><div class=\"t m0 x183 h87 y1bde ffef fs3a fc2 sc0 ls76 wsb9\">10,543<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c7b w20 h89\"><div class=\"t m0 x187 h87 y1bde ffef fs3a fc2 sc0 ls76 wsb9\">112,609<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2c7b w34 h89\"><div class=\"t m0 x17b h87 y1bde ffef fs3a fc2 sc0 ls76 wsb9\">5,776,236<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c7c w4d h86\"><div class=\"t m0 x0 h88 y1bdc fff1 fs3a fc2 sc0 ls28 ws40\">Additio<span class=\"_ _2\"></span>ns<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c7c w20 h86\"><div class=\"t m0 x184 h88 y1bdc fff1 fs3a fc2 sc0 ls20 ws36\">1,063<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c7c w20 h86\"><div class=\"t m0 x184 h88 y1bdc fff1 fs3a fc2 sc0 ls20 ws36\">1,472<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c7c w8d h86\"><div class=\"t m0 x183 h88 y1bdc fff1 fs3a fc2 sc0 ls20 ws36\">81,595<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c7c w48 h86\"><div class=\"t m0 x183 h88 y1bdc fff1 fs3a fc2 sc0 ls20 ws36\">41,189<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c7c w2a h86\"><div class=\"t m0 x184 h88 y1bdc fff1 fs3a fc2 sc0 ls20 ws36\">7,966<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c7c w20 h86\"><div class=\"t m0 x171 h88 y1bdc fff1 fs3a fc2 sc0 ls20 ws36\">973<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c7c w20 h86\"><div class=\"t m0 x181 h88 y1bdc fff1 fs3a fc2 sc0 ls20 ws36\">100,940<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2c7c w34 h86\"><div class=\"t m0 x181 h88 y1bdc fff1 fs3a fc2 sc0 ls20 ws36\">235,198<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c7d w4d h8c\"><div class=\"t m0 x0 h88 y1c09 fff1 fs3a fc2 sc0 ls23 ws4b\">Grant receip<span class=\"_ _1\"></span>ts<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c7d w20 h8c\"><div class=\"t m0 x2d h88 y1c09 fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x24e y2c7d w25 h8c\"><div class=\"t m0 x188 h88 y1c09 fff1 fs3a fc2 sc0 ls20 ws36\">(258)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c7d w8d h8c\"><div class=\"t m0 x2d h88 y1c09 fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x29e y2c7d w48 h8c\"><div class=\"t m0 x2d h88 y1c09 fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x29f y2c7d w2c h8c\"><div class=\"t m0 x186 h88 y1c09 fff1 fs3a fc2 sc0 ls20 ws36\">(1,063)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c7d w20 h8c\"><div class=\"t m0 x2d h88 y1c09 fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x2f9 y2c7d w20 h8c\"><div class=\"t m0 x2d h88 y1c09 fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x2fa y2c7d w56 h8c\"><div class=\"t m0 x186 h88 y1c09 fff1 fs3a fc2 sc0 ls20 ws36\">(1,321)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c7e w4d h8b\"><div class=\"t m0 x0 h88 y1be4 fff1 fs3a fc2 sc0 ls25 ws3c\">Disposals and retirements<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c7e w20 h8b\"><div class=\"t m0 x2d h88 y1be4 fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x24e y2c7e w25 h8b\"><div class=\"t m0 x186 h88 y1be4 fff1 fs3a fc2 sc0 ls20 ws36\">(1,064)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c7e w25 h8b\"><div class=\"t m0 x17f h88 y1be4 fff1 fs3a fc2 sc0 ls20 ws36\">(132,515)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c7e w25 h8b\"><div class=\"t m0 x187 h88 y1be4 fff1 fs3a fc2 sc0 ls20 ws36\">(19,502)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c7e w2c h8b\"><div class=\"t m0 x187 h88 y1be4 fff1 fs3a fc2 sc0 ls20 ws36\">(11,274)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c7e w2b h8b\"><div class=\"t m0 x186 h88 y1be4 fff1 fs3a fc2 sc0 ls20 ws36\">(2,132)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c7e w20 h8b\"><div class=\"t m0 x1 h88 y1be4 fff1 fs3a fc2 sc0 ls20 ws36\">56<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2c7e w56 h8b\"><div class=\"t m0 x17f h88 y1be4 fff1 fs3a fc2 sc0 ls20 ws36\">(166,431)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c7f w4d h86\"><div class=\"t m0 x0 h88 y1be2 fff1 fs3a fc2 sc0 ls80 ws3d\">Net foreign exchange differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c7f w2b h86\"><div class=\"t m0 x186 h88 y1be2 fff1 fs3a fc2 sc0 ls20 ws36\">(1,430)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c7f w25 h86\"><div class=\"t m0 x186 h88 y1be2 fff1 fs3a fc2 sc0 ls20 ws36\">(1,117)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c7f w25 h86\"><div class=\"t m0 x186 h88 y1be2 fff1 fs3a fc2 sc0 ls20 ws36\">(2,141)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c7f w25 h86\"><div class=\"t m0 x188 h88 y1be2 fff1 fs3a fc2 sc0 ls20 ws36\">(113)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c7f w2c h86\"><div class=\"t m0 x187 h88 y1be2 fff1 fs3a fc2 sc0 ls20 ws36\">(19,719)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c7f w2b h86\"><div class=\"t m0 x1be h88 y1be2 fff1 fs3a fc2 sc0 ls20 ws36\">(65)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c7f w24 h86\"><div class=\"t m0 x186 h88 y1be2 fff1 fs3a fc2 sc0 ls20 ws36\">(2,937)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2c7f w56 h86\"><div class=\"t m0 x187 h88 y1be2 fff1 fs3a fc2 sc0 ls20 ws36\">(27,522)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c80 w4d h8a\"><div class=\"t m0 x0 h88 y1c79 fff1 fs3a fc2 sc0 ls22 ws3e\">Transf<span class=\"_ _1\"></span>ers<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c80 w20 h8a\"><div class=\"t m0 x2d h88 y1c79 fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x24e y2c80 w20 h8a\"><div class=\"t m0 x184 h88 y1c79 fff1 fs3a fc2 sc0 ls20 ws36\">2,695<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c80 w8d h8a\"><div class=\"t m0 x2d h88 y1c79 fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x29e y2c80 w48 h8a\"><div class=\"t m0 x171 h88 y1c79 fff1 fs3a fc2 sc0 ls20 ws36\">372<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c80 w2a h8a\"><div class=\"t m0 x183 h88 y1c79 fff1 fs3a fc2 sc0 ls20 ws36\">89,932<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c80 w20 h8a\"><div class=\"t m0 x184 h88 y1c79 fff1 fs3a fc2 sc0 ls20 ws36\">5,786<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c80 w24 h8a\"><div class=\"t m0 x187 h88 y1c79 fff1 fs3a fc2 sc0 ls20 ws36\">(98,785)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2c80 w34 h8a\"><div class=\"t m0 x2d h88 y1c79 fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td></tr><tr><td class=\"c x24b y2c81 w4d h86\"><div class=\"t m0 x0 h88 y1bea fff1 fs3a fc2 sc0 ls25 ws3c\">Reclasses and other<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c81 w20 h86\"><div class=\"t m0 x2d h88 y1bea fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x24e y2c81 w25 h86\"><div class=\"t m0 x1 h88 y1bea fff1 fs3a fc2 sc0 ls2a ws45\">(2)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c81 w25 h86\"><div class=\"t m0 x1 h88 y1bea fff1 fs3a fc2 sc0 ls2a ws45\">(5)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c81 w48 h86\"><div class=\"t m0 x2d h88 y1bea fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x29f y2c81 w2a h86\"><div class=\"t m0 x171 h88 y1bea fff1 fs3a fc2 sc0 ls20 ws36\">372<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c81 w20 h86\"><div class=\"t m0 xb6 h88 y1bea fff1 fs3a fc2 sc0 ls1 ws0\">6<span class=\"_ _1\"></span> </div></td><td class=\"c x2f9 y2c81 w24 h86\"><div class=\"t m0 x188 h88 y1bea fff1 fs3a fc2 sc0 ls20 ws36\">(643)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2c81 w56 h86\"><div class=\"t m0 x188 h88 y1bea fff1 fs3a fc2 sc0 ls20 ws36\">(272)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c82 w4d h86\"><div class=\"t m0 x0 h87 y1be8 ffef fs3a fc2 sc0 ls7e ws4d\">Balan<span class=\"_ _2\"></span>ce at<span class=\"ls1 ws0\"> <span class=\"ls76 ws38\">Novem<span class=\"_ _1\"></span>be<span class=\"_ _2\"></span>r 30, 202<span class=\"ls1 ws0\">4</span></span></span><span class=\"ls1 ws0\"><span class=\"ls76 ws38\"><span class=\"ls1 ws0\"><span class=\"_ _3\"></span><span class=\"fff3\"> </span></span></span></span></div></td><td class=\"c x28c y2c82 w20 h86\"><div class=\"t m0 x183 h87 y1be8 ffef fs3a fc2 sc0 ls76 wsb9\">64,340<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c82 w20 h86\"><div class=\"t m0 x187 h87 y1be8 ffef fs3a fc2 sc0 ls76 wsb9\">147,059<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c82 w8d h86\"><div class=\"t m0 x17b h87 y1be8 ffef fs3a fc2 sc0 ls76 wsb9\">3,245,677<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c82 w48 h86\"><div class=\"t m0 x187 h87 y1be8 ffef fs3a fc2 sc0 ls76 wsb9\">564,176<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c82 w2a h86\"><div class=\"t m0 x17b h87 y1be8 ffef fs3a fc2 sc0 ls76 wsb9\">1,668,285<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c82 w20 h86\"><div class=\"t m0 x183 h87 y1be8 ffef fs3a fc2 sc0 ls76 wsb9\">15,111<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c82 w20 h86\"><div class=\"t m0 x187 h87 y1be8 ffef fs3a fc2 sc0 ls76 wsb9\">111,240<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2c82 w34 h86\"><div class=\"t m0 x17b h87 y1be8 ffef fs3a fc2 sc0 ls76 wsb9\">5,815,888<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c83 w4d h86\"><div class=\"t m0 x0 h88 y1bea fff1 fs3a fc2 sc0 ls28 ws40\">Additio<span class=\"_ _2\"></span>ns<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c83 w20 h86\"><div class=\"t m0 x2d h88 y1bea fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x24e y2c83 w20 h86\"><div class=\"t m0 x171 h88 y1bea fff1 fs3a fc2 sc0 ls20 ws36\">596<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c83 w8d h86\"><div class=\"t m0 x183 h88 y1bea fff1 fs3a fc2 sc0 ls20 ws36\">36,509<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c83 w48 h86\"><div class=\"t m0 x183 h88 y1bea fff1 fs3a fc2 sc0 ls20 ws36\">15,067<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c83 w2a h86\"><div class=\"t m0 x184 h88 y1bea fff1 fs3a fc2 sc0 ls20 ws36\">3,422<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c83 w20 h86\"><div class=\"t m0 x171 h88 y1bea fff1 fs3a fc2 sc0 ls20 ws36\">165<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c83 w20 h86\"><div class=\"t m0 x181 h88 y1bea fff1 fs3a fc2 sc0 ls20 ws36\">186,881<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2c83 w34 h86\"><div class=\"t m0 x181 h88 y1bea fff1 fs3a fc2 sc0 ls20 ws36\">242,640<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c84 w4d h8a\"><div class=\"t m0 x0 h88 y1bec fff1 fs3a fc2 sc0 ls24 ws3a\">Business combinations<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c84 w20 h8a\"><div class=\"t m0 x2d h88 y1bec fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x24e y2c84 w20 h8a\"><div class=\"t m0 x171 h88 y1bec fff1 fs3a fc2 sc0 ls20 ws36\">401<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c84 w8d h8a\"><div class=\"t m0 x181 h88 y1bec fff1 fs3a fc2 sc0 ls20 ws36\">661,914<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c84 w48 h8a\"><div class=\"t m0 x183 h88 y1bec fff1 fs3a fc2 sc0 ls20 ws36\">75,681<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c84 w2a h8a\"><div class=\"t m0 x184 h88 y1bec fff1 fs3a fc2 sc0 ls20 ws36\">3,731<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c84 w20 h8a\"><div class=\"t m0 x2d h88 y1bec fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x2f9 y2c84 w20 h8a\"><div class=\"t m0 x171 h88 y1bec fff1 fs3a fc2 sc0 ls20 ws36\">368<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2c84 w34 h8a\"><div class=\"t m0 x181 h88 y1bec fff1 fs3a fc2 sc0 ls20 ws36\">742,095<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c85 w4d h86\"><div class=\"t m0 x0 h88 y1bf4 fff1 fs3a fc2 sc0 ls23 ws4b\">Grant receip<span class=\"_ _1\"></span>ts<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c85 w20 h86\"><div class=\"t m0 x2d h88 y1bf4 fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x24e y2c85 w25 h86\"><div class=\"t m0 x186 h88 y1bf4 fff1 fs3a fc2 sc0 ls20 ws36\">(1,127)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c85 w8d h86\"><div class=\"t m0 x2d h88 y1bf4 fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x29e y2c85 w48 h86\"><div class=\"t m0 x2d h88 y1bf4 fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x29f y2c85 w2c h86\"><div class=\"t m0 x186 h88 y1bf4 fff1 fs3a fc2 sc0 ls20 ws36\">(1,693)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c85 w20 h86\"><div class=\"t m0 x2d h88 y1bf4 fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x2f9 y2c85 w24 h86\"><div class=\"t m0 x186 h88 y1bf4 fff1 fs3a fc2 sc0 ls20 ws36\">(2,955)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2c85 w56 h86\"><div class=\"t m0 x186 h88 y1bf4 fff1 fs3a fc2 sc0 ls20 ws36\">(5,775)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c86 w4d h86\"><div class=\"t m0 x0 h88 y1bef fff1 fs3a fc2 sc0 ls25 ws3c\">Disposals and retirements<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c86 w2b h86\"><div class=\"t m0 x186 h88 y1bef fff1 fs3a fc2 sc0 ls20 ws36\">(4,016)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c86 w25 h86\"><div class=\"t m0 x1be h88 y1bef fff1 fs3a fc2 sc0 ls20 ws36\">(27)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c86 w25 h86\"><div class=\"t m0 x187 h88 y1bef fff1 fs3a fc2 sc0 ls20 ws36\">(43,849)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c86 w25 h86\"><div class=\"t m0 x187 h88 y1bef fff1 fs3a fc2 sc0 ls20 ws36\">(15,233)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c86 w2c h86\"><div class=\"t m0 x186 h88 y1bef fff1 fs3a fc2 sc0 ls20 ws36\">(7,651)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c86 w2b h86\"><div class=\"t m0 x1be h88 y1bef fff1 fs3a fc2 sc0 ls20 ws36\">(75)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c86 w24 h86\"><div class=\"t m0 x187 h88 y1bef fff1 fs3a fc2 sc0 ls20 ws36\">(28,766)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2c86 w56 h86\"><div class=\"t m0 x187 h88 y1bef fff1 fs3a fc2 sc0 ls20 ws36\">(99,617)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c87 w4d h8a\"><div class=\"t m0 x0 h88 y1c41 fff1 fs3a fc2 sc0 ls80 ws3d\">Net foreign exchange differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c87 w20 h8a\"><div class=\"t m0 x184 h88 y1c41 fff1 fs3a fc2 sc0 ls20 ws36\">3,332<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c87 w20 h8a\"><div class=\"t m0 x184 h88 y1c41 fff1 fs3a fc2 sc0 ls20 ws36\">8,601<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c87 w8d h8a\"><div class=\"t m0 x184 h88 y1c41 fff1 fs3a fc2 sc0 ls20 ws36\">7,302<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c87 w48 h8a\"><div class=\"t m0 x171 h88 y1c41 fff1 fs3a fc2 sc0 ls20 ws36\">342<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c87 w2a h8a\"><div class=\"t m0 x183 h88 y1c41 fff1 fs3a fc2 sc0 ls20 ws36\">38,380<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c87 w20 h8a\"><div class=\"t m0 x171 h88 y1c41 fff1 fs3a fc2 sc0 ls20 ws36\">730<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c87 w20 h8a\"><div class=\"t m0 x184 h88 y1c41 fff1 fs3a fc2 sc0 ls20 ws36\">3,241<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2c87 w34 h8a\"><div class=\"t m0 x183 h88 y1c41 fff1 fs3a fc2 sc0 ls20 ws36\">61,928<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c88 w4d h86\"><div class=\"t m0 x0 h88 y1bef fff1 fs3a fc2 sc0 ls22 ws3e\">Transf<span class=\"_ _1\"></span>ers<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c88 w20 h86\"><div class=\"t m0 x2d h88 y1bef fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x24e y2c88 w20 h86\"><div class=\"t m0 x184 h88 y1bef fff1 fs3a fc2 sc0 ls20 ws36\">3,830<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c88 w8d h86\"><div class=\"t m0 x2d h88 y1bef fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x29e y2c88 w48 h86\"><div class=\"t m0 x171 h88 y1bef fff1 fs3a fc2 sc0 ls20 ws36\">586<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c88 w2a h86\"><div class=\"t m0 x183 h88 y1bef fff1 fs3a fc2 sc0 ls20 ws36\">64,199<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c88 w20 h86\"><div class=\"t m0 x171 h88 y1bef fff1 fs3a fc2 sc0 ls20 ws36\">707<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c88 w24 h86\"><div class=\"t m0 x187 h88 y1bef fff1 fs3a fc2 sc0 ls20 ws36\">(69,322)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2c88 w34 h86\"><div class=\"t m0 x2d h88 y1bef fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td></tr><tr><td class=\"c x24b y2c89 w4d h8b\"><div class=\"t m0 x0 h88 y1bf8 fff1 fs3a fc2 sc0 ls25 ws3c\">Reclasses and other<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c89 w20 h8b\"><div class=\"t m0 x2d h88 y1bf8 fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x24e y2c89 w20 h8b\"><div class=\"t m0 x1 h88 y1bf8 fff1 fs3a fc2 sc0 ls20 ws36\">83<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c89 w25 h8b\"><div class=\"t m0 x1 h88 y1bf8 fff1 fs3a fc2 sc0 ls2a ws45\">(4)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c89 w48 h8b\"><div class=\"t m0 x2d h88 y1bf8 fff2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff1\"> </span></div></td><td class=\"c x29f y2c89 w2a h8b\"><div class=\"t m0 x171 h88 y1bf8 fff1 fs3a fc2 sc0 ls20 ws36\">188<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c89 w20 h8b\"><div class=\"t m0 x1 h88 y1bf8 fff1 fs3a fc2 sc0 ls20 ws36\">49<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c89 w20 h8b\"><div class=\"t m0 x1 h88 y1bf8 fff1 fs3a fc2 sc0 ls20 ws36\">77<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2c89 w34 h8b\"><div class=\"t m0 x171 h88 y1bf8 fff1 fs3a fc2 sc0 ls20 ws36\">393<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c8a w4d h8a\"><div class=\"t m0 x0 h87 y1bf6 ffef fs3a fc2 sc0 ls7e ws4d\">Balan<span class=\"_ _2\"></span>ce at<span class=\"_ _2\"></span> Novembe<span class=\"_ _2\"></span>r 30, <span class=\"_ _2\"></span>202<span class=\"ls1 ws0\">5</span><span class=\"ls1 ws0\"><span class=\"_ _1\"></span><span class=\"fff3\"> </span></span></div></td><td class=\"c x28c y2c8a w20 h8a\"><div class=\"t m0 x183 h87 y1bf6 ffef fs3a fc2 sc0 ls76 wsb9\">63,656<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c8a w20 h8a\"><div class=\"t m0 x187 h87 y1bf6 ffef fs3a fc2 sc0 ls76 wsb9\">159,416<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c8a w8d h8a\"><div class=\"t m0 x17b h87 y1bf6 ffef fs3a fc2 sc0 ls76 wsb9\">3,907,549<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c8a w48 h8a\"><div class=\"t m0 x187 h87 y1bf6 ffef fs3a fc2 sc0 ls76 wsb9\">640,619<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c8a w2a h8a\"><div class=\"t m0 x17b h87 y1bf6 ffef fs3a fc2 sc0 ls76 wsb9\">1,768,861<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c8a w20 h8a\"><div class=\"t m0 x183 h87 y1bf6 ffef fs3a fc2 sc0 ls76 wsb9\">16,687<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c8a w20 h8a\"><div class=\"t m0 x187 h87 y1bf6 ffef fs3a fc2 sc0 ls81 wsc6\">200,764<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2c8a w34 h8a\"><div class=\"t m0 x17b h87 y1bf6 ffef fs3a fc2 sc0 ls76 wsb9\">6,757,<span class=\"ls81 wsc6\">552</span><span class=\"ls81 wsc6\"><span class=\"ls1 ws0\"> </span></span></div></td></tr></table></div><div class=\"gs2ae\"><table class=\"s w14c h133\" id=\"_c1c86b7d-8843-4606-9f06-7f452950b5f1\"><tr><td class=\"c x246 y2c8c w178 h134\"><div class=\"t m0 x245 h85 y2c8b fff6 fs3b fc2 sc0 ls1 ws0\">Accumulated<span class=\"_ _195\"> </span></div><div class=\"t m0 x2fc h85 y2c8b fff6 fs3b fc2 sc0 ls65 ws99\">deprecia<span class=\"_ _2\"></span>tion<span class=\"ls1 ws0\"> and </span>impairme<span class=\"_ _2\"></span>nt<span class=\"_ _195\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c x2f5 y2c8d w174 h103\"><div class=\"t m0 x245 h82 y29a6 fff7 fs3b fc2 sc0 ls1e ws60\">Plant and<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x2fd h82 y2c8e fff7 fs3b fc2 sc0 ls1 ws0\">Leasehold<span class=\"_ _195\"> </span></td><td class=\"t m0 x283 h82 y2c8e fff7 fs3b fc2 sc0 ls1 ws0\">Construction<span class=\"_ _195\"> </span></td><td></td></tr><tr><td class=\"c x246 y2c8f w179 h102\"><div class=\"t m0 x245 h82 y29a6 fff7 fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2b9 h82 y29a7 fff7 fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ thousands)<span class=\"_ _195\"> </span></div></td><td class=\"c x28c y2c90 w20 h97\"><div class=\"t m0 x1a0 h82 y1cce fff7 fs3b fc2 sc0 ls7c wsc3\">Land<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c90 w20 h97\"><div class=\"t m0 x179 h82 y1cce fff7 fs3b fc2 sc0 ls2d ws4a\">Buildin<span class=\"_ _2\"></span>gs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c90 w8d h97\"><div class=\"t m0 x19b h82 y1cce fff7 fs3b fc2 sc0 ls1e ws2f\">Ships and <span class=\"ls1 ws0\">b<span class=\"ls3a ws9b\">arges</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c90 w48 h97\"><div class=\"t m0 x19a h82 y1cce fff7 fs3b fc2 sc0 ls1c ws30\">Tank <span class=\"ls1 ws0\">containers</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f7 y2c91 w176 h103\"><div class=\"t m0 x245 h82 y29a6 fff7 fs3b fc2 sc0 ls1 ws0\">equipment</div></td><td class=\"c x2fb y2c90 w20 h97\"><div class=\"t m0 x99 h82 y213b fff7 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x17c h82 y1ec8 fff7 fs3b fc2 sc0 ls1 ws0\">improvements </div></td><td class=\"c x2f9 y2c90 w20 h97\"><div class=\"t m0 x99 h82 y213b fff7 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x180 h82 y1ec8 fff7 fs3b fc2 sc0 ls1 ws0\">i<span class=\"ls7d wsc4\">n </span>progress </div></td><td class=\"c x2fa y2c90 w34 h97\"><div class=\"t m0 x1a0 h82 y1cce fff7 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2c92 w4d h89\"><div class=\"t m0 x0 h87 y1bfa fff6 fs3a fc2 sc0 ls2e ws6e\">Balance at <span class=\"ls75 ws39\">D<span class=\"_ _2\"></span>ecemb<span class=\"_ _2\"></span>er 1<span class=\"ls21 ws38\">, 20<span class=\"_ _2\"></span>23</span></span><span class=\"ls75 ws39\"><span class=\"ls21 ws38\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x28c y2c92 w20 h89\"><div class=\"t m0 xb6 h87 y1bfa fff8 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"fff6\"> </span></div></td><td class=\"c x24e y2c92 w20 h89\"><div class=\"t m0 x179 h87 y1bfa fff6 fs3a fc2 sc0 ls23 ws39\">62,057<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c92 w8d h89\"><div class=\"t m0 x17a h87 y1bfa fff6 fs3a fc2 sc0 ls21 ws35\">1,84<span class=\"_ _2\"></span>0,219<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c92 w48 h89\"><div class=\"t m0 x180 h87 y1bfa fff6 fs3a fc2 sc0 ls21 ws35\">268,<span class=\"_ _2\"></span>692<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c92 w2a h89\"><div class=\"t m0 x180 h87 y1bfa fff6 fs3a fc2 sc0 ls21 ws35\">758,<span class=\"_ _2\"></span>281<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c92 w20 h89\"><div class=\"t m0 x185 h87 y1bfa fff6 fs3a fc2 sc0 ls21 ws35\">6,48<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c92 w20 h89\"><div class=\"t m0 xb6 h87 y1bfa fff8 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"fff6\"> </span></div></td><td class=\"c x2fa y2c92 w34 h89\"><div class=\"t m0 x17b h87 y1bfa fff6 fs3a fc2 sc0 ls76 wsb9\">2,935,734<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c93 w4d h86\"><div class=\"t m0 x0 h88 y1c50 fff7 fs3a fc2 sc0 ls26 ws3d\">Depreciation exp<span class=\"_ _1\"></span>ense <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c93 w20 h86\"><div class=\"t m0 x2d h88 y1c50 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x24e y2c93 w20 h86\"><div class=\"t m0 x184 h88 y1c50 fff7 fs3a fc2 sc0 ls20 ws36\">2,752<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c93 w8d h86\"><div class=\"t m0 x181 h88 y1c50 fff7 fs3a fc2 sc0 ls20 ws36\">131,024<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c93 w48 h86\"><div class=\"t m0 x183 h88 y1c50 fff7 fs3a fc2 sc0 ls20 ws36\">21,147<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c93 w2a h86\"><div class=\"t m0 x183 h88 y1c50 fff7 fs3a fc2 sc0 ls20 ws36\">71,236<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c93 w20 h86\"><div class=\"t m0 x184 h88 y1c50 fff7 fs3a fc2 sc0 ls20 ws36\">1,049<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c93 w20 h86\"><div class=\"t m0 x2d h88 y1c50 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x2fa y2c93 w34 h86\"><div class=\"t m0 x181 h88 y1c50 fff7 fs3a fc2 sc0 ls20 ws36\">227,208<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c94 w4d h8c\"><div class=\"t m0 x0 h88 y1bf6 fff7 fs3a fc2 sc0 ls25 ws3c\">Disposals and retirements<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c94 w20 h8c\"><div class=\"t m0 x2d h88 y1bf6 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x24e y2c94 w25 h8c\"><div class=\"t m0 x188 h88 y1bf6 fff7 fs3a fc2 sc0 ls20 ws36\">(258)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c94 w25 h8c\"><div class=\"t m0 x187 h88 y1bf6 fff7 fs3a fc2 sc0 ls20 ws36\">(80,434)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c94 w25 h8c\"><div class=\"t m0 x187 h88 y1bf6 fff7 fs3a fc2 sc0 ls20 ws36\">(14,938)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c94 w2c h8c\"><div class=\"t m0 x187 h88 y1bf6 fff7 fs3a fc2 sc0 ls20 ws36\">(10,922)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c94 w2b h8c\"><div class=\"t m0 x186 h88 y1bf6 fff7 fs3a fc2 sc0 ls20 ws36\">(2,132)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c94 w20 h8c\"><div class=\"t m0 x2d h88 y1bf6 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x2fa y2c94 w56 h8c\"><div class=\"t m0 x17f h88 y1bf6 fff7 fs3a fc2 sc0 ls20 ws36\">(108,684)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c95 w4d h86\"><div class=\"t m0 x0 h88 y1c05 fff7 fs3a fc2 sc0 ls80 ws3d\">Net foreign exchange differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c95 w20 h86\"><div class=\"t m0 x2d h88 y1c05 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x24e y2c95 w25 h86\"><div class=\"t m0 x188 h88 y1c05 fff7 fs3a fc2 sc0 ls20 ws36\">(257)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c95 w25 h86\"><div class=\"t m0 x186 h88 y1c05 fff7 fs3a fc2 sc0 ls20 ws36\">(1,142)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c95 w25 h86\"><div class=\"t m0 x1be h88 y1c05 fff7 fs3a fc2 sc0 ls20 ws36\">(62)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c95 w2c h86\"><div class=\"t m0 x186 h88 y1c05 fff7 fs3a fc2 sc0 ls20 ws36\">(9,114)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c95 w2b h86\"><div class=\"t m0 x1be h88 y1c05 fff7 fs3a fc2 sc0 ls20 ws36\">(60)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c95 w20 h86\"><div class=\"t m0 x2d h88 y1c05 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x2fa y2c95 w56 h86\"><div class=\"t m0 x187 h88 y1c05 fff7 fs3a fc2 sc0 ls20 ws36\">(10,635)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c96 w4d h89\"><div class=\"t m0 x0 h88 y1bde fff7 fs3a fc2 sc0 ls25 ws3c\">Reclasses and other<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c96 w20 h89\"><div class=\"t m0 x2d h88 y1bde fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x24e y2c96 w20 h89\"><div class=\"t m0 x184 h88 y1bde fff7 fs3a fc2 sc0 ls20 ws36\">2,352<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c96 w25 h89\"><div class=\"t m0 x1be h88 y1bde fff7 fs3a fc2 sc0 ls20 ws36\">(22)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c96 w25 h89\"><div class=\"t m0 x188 h88 y1bde fff7 fs3a fc2 sc0 ls20 ws36\">(234)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c96 w2c h89\"><div class=\"t m0 x186 h88 y1bde fff7 fs3a fc2 sc0 ls20 ws36\">(4,873)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c96 w2b h89\"><div class=\"t m0 x1 h88 y1bde fff7 fs3a fc2 sc0 ls2a ws45\">(2)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c96 w20 h89\"><div class=\"t m0 x2d h88 y1bde fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x2fa y2c96 w56 h89\"><div class=\"t m0 x186 h88 y1bde fff7 fs3a fc2 sc0 ls20 ws36\">(2,779)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c97 w4d h8a\"><div class=\"t m0 x0 h87 y1be0 fff6 fs3a fc2 sc0 ls23 wsc7\">Balance<span class=\"_ _1\"></span> at Nove<span class=\"_ _1\"></span>mber 30, 2024<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c97 w20 h8a\"><div class=\"t m0 xb6 h87 y1be0 fff8 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"fff6\"> </span></div></td><td class=\"c x24e y2c97 w20 h8a\"><div class=\"t m0 x179 h87 y1be0 fff6 fs3a fc2 sc0 ls23 ws39\">66,646<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c97 w8d h8a\"><div class=\"t m0 x17a h87 y1be0 fff6 fs3a fc2 sc0 ls21 ws35\">1,88<span class=\"_ _2\"></span>9,645<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c97 w48 h8a\"><div class=\"t m0 x180 h87 y1be0 fff6 fs3a fc2 sc0 ls21 ws35\">274,<span class=\"_ _2\"></span>605<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c97 w2a h8a\"><div class=\"t m0 x180 h87 y1be0 fff6 fs3a fc2 sc0 ls21 ws35\">804,<span class=\"_ _2\"></span>608<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c97 w20 h8a\"><div class=\"t m0 x185 h87 y1be0 fff6 fs3a fc2 sc0 ls21 ws35\">5,34<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c97 w20 h8a\"><div class=\"t m0 xb6 h87 y1be0 fff8 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"fff6\"> </span></div></td><td class=\"c x2fa y2c97 w34 h8a\"><div class=\"t m0 x17b h87 y1be0 fff6 fs3a fc2 sc0 ls76 wsb9\">3,040,844<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c98 w4d h8a\"><div class=\"t m0 x0 h88 y1be6 fff7 fs3a fc2 sc0 ls26 ws3d\">Depreciation exp<span class=\"_ _1\"></span>ense <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c98 w20 h8a\"><div class=\"t m0 x2d h88 y1be6 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x24e y2c98 w20 h8a\"><div class=\"t m0 x184 h88 y1be6 fff7 fs3a fc2 sc0 ls20 ws36\">2,734<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c98 w8d h8a\"><div class=\"t m0 x181 h88 y1be6 fff7 fs3a fc2 sc0 ls20 ws36\">157,683<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c98 w48 h8a\"><div class=\"t m0 x183 h88 y1be6 fff7 fs3a fc2 sc0 ls20 ws36\">22,046<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c98 w2a h8a\"><div class=\"t m0 x183 h88 y1be6 fff7 fs3a fc2 sc0 ls20 ws36\">73,444<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c98 w20 h8a\"><div class=\"t m0 x184 h88 y1be6 fff7 fs3a fc2 sc0 ls20 ws36\">1,595<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c98 w20 h8a\"><div class=\"t m0 x2d h88 y1be6 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x2fa y2c98 w34 h8a\"><div class=\"t m0 x181 h88 y1be6 fff7 fs3a fc2 sc0 ls20 ws36\">257,502<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c99 w4d h8b\"><div class=\"t m0 x0 h88 y1be4 fff7 fs3a fc2 sc0 ls25 ws3c\">Disposals and retirements<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c99 w20 h8b\"><div class=\"t m0 x2d h88 y1be4 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x24e y2c99 w25 h8b\"><div class=\"t m0 x1 h88 y1be4 fff7 fs3a fc2 sc0 ls2a ws45\">(2)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c99 w25 h8b\"><div class=\"t m0 x187 h88 y1be4 fff7 fs3a fc2 sc0 ls20 ws36\">(44,475)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c99 w25 h8b\"><div class=\"t m0 x187 h88 y1be4 fff7 fs3a fc2 sc0 ls20 ws36\">(11,444)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c99 w2c h8b\"><div class=\"t m0 x186 h88 y1be4 fff7 fs3a fc2 sc0 ls20 ws36\">(7,729)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c99 w2b h8b\"><div class=\"t m0 x1be h88 y1be4 fff7 fs3a fc2 sc0 ls20 ws36\">(75)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c99 w20 h8b\"><div class=\"t m0 x2d h88 y1be4 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x2fa y2c99 w56 h8b\"><div class=\"t m0 x187 h88 y1be4 fff7 fs3a fc2 sc0 ls20 ws36\">(63,725)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c9a w4d h86\"><div class=\"t m0 x0 h88 y1be2 fff7 fs3a fc2 sc0 ls80 ws3d\">Net foreign exchange differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c9a w20 h86\"><div class=\"t m0 x2d h88 y1be2 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x24e y2c9a w20 h86\"><div class=\"t m0 x184 h88 y1be2 fff7 fs3a fc2 sc0 ls20 ws36\">4,205<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c9a w8d h86\"><div class=\"t m0 x184 h88 y1be2 fff7 fs3a fc2 sc0 ls20 ws36\">4,029<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c9a w48 h86\"><div class=\"t m0 x1 h88 y1be2 fff7 fs3a fc2 sc0 ls20 ws36\">95<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c9a w2a h86\"><div class=\"t m0 x183 h88 y1be2 fff7 fs3a fc2 sc0 ls20 ws36\">20,132<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c9a w20 h86\"><div class=\"t m0 x1 h88 y1be2 fff7 fs3a fc2 sc0 ls20 ws36\">68<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c9a w20 h86\"><div class=\"t m0 x2d h88 y1be2 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x2fa y2c9a w34 h86\"><div class=\"t m0 x183 h88 y1be2 fff7 fs3a fc2 sc0 ls20 ws36\">28,529<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c9b w4d h8a\"><div class=\"t m0 x0 h88 y1c18 fff7 fs3a fc2 sc0 ls25 ws3c\">Reclasses and other<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c9b w20 h8a\"><div class=\"t m0 x2d h88 y1c18 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x24e y2c9b w20 h8a\"><div class=\"t m0 x184 h88 y1c18 fff7 fs3a fc2 sc0 ls20 ws36\">2,768<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c9b w8d h8a\"><div class=\"t m0 x1 h88 y1c18 fff7 fs3a fc2 sc0 ls20 ws36\">42<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c9b w25 h8a\"><div class=\"t m0 x188 h88 y1c18 fff7 fs3a fc2 sc0 ls20 ws36\">(201)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c9b w2c h8a\"><div class=\"t m0 x186 h88 y1c18 fff7 fs3a fc2 sc0 ls20 ws36\">(2,438)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c9b w20 h8a\"><div class=\"t m0 x1 h88 y1c18 fff7 fs3a fc2 sc0 ls20 ws36\">54<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c9b w20 h8a\"><div class=\"t m0 x2d h88 y1c18 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x2fa y2c9b w34 h8a\"><div class=\"t m0 x171 h88 y1c18 fff7 fs3a fc2 sc0 ls20 ws36\">225<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c9c w4d h86\"><div class=\"t m0 x0 h87 y1bea fff6 fs3a fc2 sc0 ls23 wsc7\">Balance<span class=\"_ _1\"></span> at Nove<span class=\"_ _1\"></span>mber 30, 2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c9c w20 h86\"><div class=\"t m0 xb6 h87 y1bea fff8 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"fff6\"> </span></div></td><td class=\"c x24e y2c9c w20 h86\"><div class=\"t m0 x179 h87 y1bea fff6 fs3a fc2 sc0 ls23 ws39\">76,351<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c9c w8d h86\"><div class=\"t m0 x17a h87 y1bea fff6 fs3a fc2 sc0 ls21 ws35\">2,00<span class=\"_ _2\"></span>6,924<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c9c w48 h86\"><div class=\"t m0 x180 h87 y1bea fff6 fs3a fc2 sc0 ls21 ws35\">285,<span class=\"_ _2\"></span>101<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c9c w2a h86\"><div class=\"t m0 x180 h87 y1bea fff6 fs3a fc2 sc0 ls21 ws35\">888,<span class=\"_ _2\"></span>017<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c9c w20 h86\"><div class=\"t m0 x185 h87 y1bea fff6 fs3a fc2 sc0 ls21 ws35\">6,98<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c9c w20 h86\"><div class=\"t m0 xb6 h87 y1bea fff8 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"fff6\"> </span></div></td><td class=\"c x2fa y2c9c w34 h86\"><div class=\"t m0 x17b h87 y1bea fff6 fs3a fc2 sc0 ls76 wsb9\">3,263,375<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c9d w4d h86\"><div class=\"t m0 x0 h87 y1be8 fff6 fs3a fc2 sc0 ls1f ws33\">Net book v<span class=\"_ _2\"></span>alue:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2be9 w4d h8a\"><div class=\"t m0 x0 h87 y1c65 fff6 fs3a fc2 sc0 ls21 ws38\">At Nov<span class=\"_ _2\"></span>embe<span class=\"_ _2\"></span>r 30, <span class=\"_ _2\"></span>20<span class=\"ls66 ws9d\">24</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x28c y2be9 w20 h8a\"><div class=\"t m0 x179 h87 y1c65 fff6 fs3a fc2 sc0 ls23 ws39\">64,340<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2be9 w20 h8a\"><div class=\"t m0 x179 h87 y1c65 fff6 fs3a fc2 sc0 ls23 ws39\">80,413<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2be9 w8d h8a\"><div class=\"t m0 x17a h87 y1c65 fff6 fs3a fc2 sc0 ls21 ws35\">1,35<span class=\"_ _2\"></span>6,032<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2be9 w48 h8a\"><div class=\"t m0 x180 h87 y1c65 fff6 fs3a fc2 sc0 ls21 ws35\">289,<span class=\"_ _2\"></span>571<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2be9 w2a h8a\"><div class=\"t m0 x180 h87 y1c65 fff6 fs3a fc2 sc0 ls21 ws35\">863,<span class=\"_ _2\"></span>677<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2be9 w20 h8a\"><div class=\"t m0 x185 h87 y1c65 fff6 fs3a fc2 sc0 ls21 ws35\">9,77<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2be9 w20 h8a\"><div class=\"t m0 x180 h87 y1c65 fff6 fs3a fc2 sc0 ls21 ws35\">111,<span class=\"_ _2\"></span>240<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2be9 w34 h8a\"><div class=\"t m0 x17b h87 y1c65 fff6 fs3a fc2 sc0 ls76 wsb9\">2,775,044<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c9e w4d h86\"><div class=\"t m0 x0 h87 y1bef fff6 fs3a fc2 sc0 ls21 ws38\">At Nov<span class=\"_ _2\"></span>embe<span class=\"_ _2\"></span>r 30, <span class=\"_ _2\"></span>20<span class=\"ls66 ws9d\">25</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x28c y2c9e w20 h86\"><div class=\"t m0 x179 h87 y1bef fff6 fs3a fc2 sc0 ls23 ws39\">63,656<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c9e w20 h86\"><div class=\"t m0 x179 h87 y1bef fff6 fs3a fc2 sc0 ls23 ws39\">83,065<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c9e w8d h86\"><div class=\"t m0 x17a h87 y1bef fff6 fs3a fc2 sc0 ls21 ws35\">1,90<span class=\"_ _2\"></span>0,625<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c9e w48 h86\"><div class=\"t m0 x180 h87 y1bef fff6 fs3a fc2 sc0 ls21 ws35\">355,<span class=\"_ _2\"></span>518<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c9e w2a h86\"><div class=\"t m0 x180 h87 y1bef fff6 fs3a fc2 sc0 ls21 ws35\">880,<span class=\"_ _2\"></span>844<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c9e w20 h86\"><div class=\"t m0 x185 h87 y1bef fff6 fs3a fc2 sc0 ls21 ws35\">9,70<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c9e w20 h86\"><div class=\"t m0 x180 h87 y1bef fff6 fs3a fc2 sc0 ls21 ws35\">200,<span class=\"_ _2\"></span>764<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2c9e w34 h86\"><div class=\"t m0 x17b h87 y1bef fff6 fs3a fc2 sc0 ls76 wsb9\">3,494,<span class=\"ls81 wsc6\">177</span><span class=\"ls81 wsc6\"><span class=\"ls1 ws0\"> </span></span></div></td></tr></table></div><div class=\"t m0 h98 fff7 fs39 fc2 sc0 ls30 ws50 gs2af\">During<span class=\"_ _2\"></span> the y<span class=\"_ _2\"></span>ear<span class=\"_ _2\"></span> ende<span class=\"_ _2\"></span>d No<span class=\"_ _2\"></span>vembe<span class=\"_ _2\"></span>r 30<span class=\"_ _2\"></span>, 202<span class=\"_ _2\"></span>5, <span class=\"_ _2\"></span>the G<span class=\"_ _2\"></span>roup <span class=\"_ _2\"></span>had ad<span class=\"_ _2\"></span>diti<span class=\"_ _2\"></span>ons <span class=\"_ _2\"></span>of p<span class=\"_ _2\"></span>roperty<span class=\"_ _2\"></span>, p<span class=\"_ _2\"></span>lant<span class=\"_ _2\"></span> and eq<span class=\"_ _2\"></span>uipm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> of $<span class=\"_ _2\"></span>242.6<span class=\"_ _2\"></span> milli<span class=\"_ _2\"></span>on.<span class=\"_ _2\"></span> Addi<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>s, <span class=\"_ _2\"></span>exclud<span class=\"_ _2\"></span>ing ac<span class=\"_ _2\"></span>cru<span class=\"_ _2\"></span>als d<span class=\"_ _2\"></span>uring<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">year, were $23</span>6<span class=\"_ _1\"></span>.7<span class=\"_ _1\"></span> <span class=\"ls2f ws70\">million and p<span class=\"_ _2\"></span>rimarily </span></span></div><div class=\"t m0 h98 fff7 fs39 fc2 sc0 ls2f ws4e gs2b0\">reflected<span class=\"ls1 ws0\">: <span class=\"_ _1\"></span><span class=\"ls6e wsb0\">i) <span class=\"ls2f ws70\">$48.9 million o<span class=\"_ _2\"></span>n tankers capit<span class=\"_ _2\"></span>al expendi<span class=\"_ _2\"></span>tures<span class=\"ls1 ws0\">; <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">ii)<span class=\"ls1 ws0\"> <span class=\"ls31 ws53\">$124.5</span> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">millio<span class=\"_ _2\"></span>n on termin<span class=\"_ _2\"></span>al capital ex<span class=\"_ _2\"></span>penditures<span class=\"ls1 ws0\">; </span><span class=\"ws4e\">iii)<span class=\"ls1 ws0\"> <span class=\"_ _3\"></span><span class=\"ls2f ws70\">$<span class=\"_ _2\"></span>15.3 milli<span class=\"_ _2\"></span>on on<span class=\"_ _2\"></span> drydocking of<span class=\"_ _2\"></span> ships<span class=\"ls1 ws0\">; <span class=\"ls30 ws50\">iv) $24.<span class=\"_ _2\"></span>6 mill<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>on t<span class=\"_ _2\"></span>he purc<span class=\"_ _2\"></span>ha<span class=\"_ _2\"></span>se of <span class=\"_ _2\"></span>tank<span class=\"_ _2\"></span> con<span class=\"_ _2\"></span>taine<span class=\"_ _2\"></span>rs a<span class=\"_ _2\"></span>nd </span></span></span></span></span></span></span></span></span></span></span></span></div><div class=\"t m0 h98 fff7 fs39 fc2 sc0 ls53 ws32 gs2b1\">constr<span class=\"_ _2\"></span>uction<span class=\"_ _2\"></span> at dep<span class=\"_ _2\"></span>ots<span class=\"ls1 ws0\">; <span class=\"ls2f ws70\">and v) $18.7<span class=\"_ _2\"></span> million</span> <span class=\"ls4a ws76\">on</span> <span class=\"ls30 ws50\">Stolt Se<span class=\"_ _2\"></span>a F<span class=\"_ _2\"></span>arm c<span class=\"_ _2\"></span>apital<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>endi<span class=\"_ _2\"></span>tures.<span class=\"_ _2\"></span> Inte<span class=\"_ _2\"></span>res<span class=\"_ _2\"></span>t of $<span class=\"_ _2\"></span><span class=\"ls31 ws53\">8.3</span></span> <span class=\"ls30 ws50\">million w<span class=\"_ _2\"></span>as<span class=\"_ _2\"></span> capi<span class=\"_ _2\"></span>talise<span class=\"_ _2\"></span>d on<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>new co<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ucti<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> term<span class=\"_ _2\"></span>inals<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span></span><span class=\"ls4b\">LNG<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> <span class=\"ls30 ws52\">tank<span class=\"_ _2\"></span>er</span></span> s<span class=\"ls30 ws52\">hips</span>. <span class=\"_ _1\"></span> </span></div><div class=\"t m0 h98 fff7 fs39 fc2 sc0 ls30 ws50 gs2b2\">During<span class=\"_ _2\"></span> the y<span class=\"_ _2\"></span>ear<span class=\"_ _2\"></span> ende<span class=\"_ _2\"></span>d No<span class=\"_ _2\"></span>vembe<span class=\"_ _2\"></span>r 30<span class=\"_ _2\"></span>, 202<span class=\"_ _2\"></span>4, <span class=\"_ _2\"></span>the G<span class=\"_ _2\"></span>roup <span class=\"_ _2\"></span>had ad<span class=\"_ _2\"></span>diti<span class=\"_ _2\"></span>ons <span class=\"_ _2\"></span>of p<span class=\"_ _2\"></span>roperty<span class=\"_ _2\"></span>, p<span class=\"_ _2\"></span>lant<span class=\"_ _2\"></span> and eq<span class=\"_ _2\"></span>uipm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> of $<span class=\"_ _2\"></span>235.2<span class=\"_ _2\"></span> milli<span class=\"_ _2\"></span>on.<span class=\"_ _2\"></span> Addi<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>s, <span class=\"_ _2\"></span>exclud<span class=\"_ _2\"></span>ing ac<span class=\"_ _2\"></span>cru<span class=\"_ _2\"></span>als d<span class=\"_ _2\"></span>uring<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>year, we<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span> $229<span class=\"_ _2\"></span>.5 mill<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> and p<span class=\"_ _2\"></span>rim<span class=\"_ _2\"></span>arily<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 fff7 fs39 fc2 sc0 ls2f ws4e gs2b3\">reflected<span class=\"ls1 ws0\">: <span class=\"_ _1\"></span><span class=\"ls6e wsb0\">i) <span class=\"ls2f ws70\">$45.6 million o<span class=\"_ _2\"></span>n tankers capit<span class=\"_ _2\"></span>al expendi<span class=\"_ _2\"></span>tures<span class=\"ls1 ws0\">; <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">ii)<span class=\"ls1 ws0\"> <span class=\"ls31 ws53\">$89.3</span> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">millio<span class=\"_ _2\"></span>n on termin<span class=\"_ _2\"></span>al capital ex<span class=\"_ _2\"></span>penditures<span class=\"ls1 ws0\">; </span><span class=\"ws4e\">iii)<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">$29.3 milli<span class=\"_ _2\"></span>on on d<span class=\"_ _2\"></span>rydocking of <span class=\"_ _2\"></span>ships<span class=\"ls1 ws0\">; <span class=\"_ _1\"></span><span class=\"ls30 ws50\">i<span class=\"_ _2\"></span>v) $39<span class=\"_ _2\"></span>.8 mi<span class=\"_ _2\"></span>llio<span class=\"_ _2\"></span>n on <span class=\"_ _2\"></span>the p<span class=\"_ _2\"></span>urch<span class=\"_ _2\"></span>ase of<span class=\"_ _2\"></span> tank<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntaine<span class=\"_ _2\"></span>rs a<span class=\"_ _2\"></span>nd </span></span></span></span></span></span></span></span></span></span></span></span></div><div class=\"t m0 h98 fff7 fs39 fc2 sc0 ls53 ws32 gs2b4\">constr<span class=\"_ _2\"></span>uction<span class=\"_ _2\"></span> at dep<span class=\"_ _2\"></span>ots<span class=\"ls1 ws0\">; <span class=\"ls2f ws70\">and v) $14.5<span class=\"_ _2\"></span> million</span> <span class=\"ls4a ws76\">on</span> <span class=\"ls30 ws50\">Stolt Se<span class=\"_ _2\"></span>a F<span class=\"_ _2\"></span>arm c<span class=\"_ _2\"></span>apital<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>endi<span class=\"_ _2\"></span>tures.<span class=\"_ _2\"></span> Inte<span class=\"_ _2\"></span>res<span class=\"_ _2\"></span>t of $3<span class=\"_ _2\"></span>.1<span class=\"_ _2\"></span></span> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">m<span class=\"_ _2\"></span>illio<span class=\"_ _2\"></span>n was<span class=\"_ _2\"></span> capi<span class=\"_ _2\"></span>tali<span class=\"_ _2\"></span>sed o<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> new c<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span>tructi<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> te<span class=\"_ _2\"></span>rminal<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> ta<span class=\"_ _2\"></span>nkers.<span class=\"_ _2\"></span><span class=\"ls1 ws0\">  </span></span></span></div><div class=\"t m0 h98 fff7 fs39 fc2 sc0 ls30 ws50 gs2b5\">For t<span class=\"_ _2\"></span>he yea<span class=\"_ _2\"></span>r end<span class=\"_ _2\"></span>ed N<span class=\"_ _2\"></span>ovemb<span class=\"_ _2\"></span>er 30<span class=\"_ _2\"></span>, 20<span class=\"_ _2\"></span>25, <span class=\"_ _2\"></span>the G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> paid<span class=\"_ _2\"></span> $39.2<span class=\"_ _2\"></span> mi<span class=\"_ _2\"></span>llion <span class=\"_ _2\"></span>on n<span class=\"_ _2\"></span>ewbui<span class=\"_ _2\"></span>lding<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>, with<span class=\"_ _2\"></span> a f<span class=\"_ _2\"></span>urthe<span class=\"_ _2\"></span>r $25<span class=\"_ _2\"></span>.2 m<span class=\"_ _2\"></span>illio<span class=\"_ _2\"></span>n inc<span class=\"_ _2\"></span>luded<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> the A<span class=\"_ _2\"></span>veni<span class=\"_ _2\"></span>r ac<span class=\"_ _2\"></span>quisi<span class=\"_ _2\"></span>tion.<span class=\"_ _2\"></span> For<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> year e<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span>ed Nove<span class=\"_ _2\"></span>mber<span class=\"_ _2\"></span> 30<span class=\"_ _2\"></span>, 2024<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up p<span class=\"_ _2\"></span>aid </div><div class=\"t m0 h98 fff7 fs39 fc2 sc0 ls1 ws0 gs2b6\">$<span class=\"ls2f ws75\">41.3 <span class=\"_ _1\"></span>millio<span class=\"_ _2\"></span>n on deposits for six newbuildings. See Note 27.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 h98 fff7 fs39 fc2 sc0 ls30 ws50 gs2b7\">Proce<span class=\"_ _2\"></span>eds of<span class=\"_ _2\"></span> $3<span class=\"_ _2\"></span><span class=\"ls1 ws0\">7.<span class=\"_ _1\"></span>2 <span class=\"_ _1\"></span><span class=\"ls30 ws50\">milli<span class=\"_ _2\"></span>on a<span class=\"_ _2\"></span>nd $6<span class=\"_ _2\"></span>4.7 m<span class=\"_ _2\"></span>illio<span class=\"_ _2\"></span>n we<span class=\"_ _2\"></span>re rec<span class=\"_ _2\"></span>eive<span class=\"_ _2\"></span>d fr<span class=\"_ _2\"></span>om t<span class=\"_ _2\"></span>he sa<span class=\"_ _2\"></span>le of<span class=\"_ _2\"></span> ship<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>and re<span class=\"_ _2\"></span>tirem<span class=\"_ _2\"></span>ent o<span class=\"_ _2\"></span>f tan<span class=\"_ _2\"></span>k co<span class=\"_ _2\"></span>ntai<span class=\"_ _2\"></span>ners <span class=\"_ _2\"></span>and<span class=\"_ _2\"></span> othe<span class=\"_ _2\"></span>r asse<span class=\"_ _2\"></span>ts d<span class=\"_ _2\"></span>uring<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span><span class=\"ls2f ws4e\">year<span class=\"ls1 ws0\">s <span class=\"ls31 ws51\">en<span class=\"_ _1\"></span>ded November 30<span class=\"_ _2\"></span>, 2025 and 2024, respectively.<span class=\"ls1 ws0\">  </span></span></span></span></span></span></div><div class=\"t m0 h98 fff7 fs39 fc2 sc0 ls30 ws50 gs2b8\">During<span class=\"_ _2\"></span> the y<span class=\"_ _2\"></span>ear<span class=\"_ _2\"></span> ende<span class=\"_ _2\"></span>d No<span class=\"_ _2\"></span>vembe<span class=\"_ _2\"></span>r 30<span class=\"_ _2\"></span>, 202<span class=\"_ _2\"></span>5, <span class=\"_ _2\"></span>the G<span class=\"_ _2\"></span>roup <span class=\"_ _2\"></span>acqu<span class=\"_ _2\"></span>ired<span class=\"_ _2\"></span> busi<span class=\"_ _2\"></span>nesse<span class=\"_ _2\"></span>s <span class=\"ws52\">t<span class=\"_ _2\"></span>hat <span class=\"ls2f ws70\">included $661.9<span class=\"_ _2\"></span> million of<span class=\"_ _2\"></span> <span class=\"ls4f wsc8\">LNG and </span></span>tanker<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> s<span class=\"_ _1\"></span><span class=\"ls30 ws52\">hips<span class=\"_ _2\"></span><span class=\"ws50\">, $7<span class=\"_ _2\"></span>5.7 m<span class=\"_ _2\"></span>illio<span class=\"_ _2\"></span>n of <span class=\"_ _2\"></span>tank c<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>taine<span class=\"_ _2\"></span>rs and<span class=\"_ _2\"></span> $4.5<span class=\"_ _2\"></span> mill<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> of o<span class=\"_ _2\"></span>ther<span class=\"_ _2\"></span> prope<span class=\"_ _2\"></span>rty, p<span class=\"_ _2\"></span>lan<span class=\"_ _2\"></span>t </span></span></span></span></div><div class=\"t m0 h98 fff7 fs39 fc2 sc0 ls2f ws70 gs2b9\">and equipment. <span class=\"_ _2\"></span>See Note 33<span class=\"_ _2\"></span><span class=\"ls1 ws0\">. </span></div><div class=\"t m0 h98 fff7 fs39 fc2 sc0 ls2f ws70 gs2ba\">Certain proper<span class=\"_ _2\"></span>ty, plant <span class=\"_ _2\"></span>and equipment as<span class=\"_ _2\"></span>sets have bee<span class=\"_ _2\"></span>n pledged <span class=\"_ _2\"></span>as security o<span class=\"_ _2\"></span>n loans. <span class=\"_ _2\"></span>See Note 2<span class=\"_ _2\"></span><span class=\"ls1 ws0\">3 <span class=\"_ _1\"></span><span class=\"ls2f ws70\">for addition<span class=\"_ _2\"></span>al details.<span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 h98 fff7 fs39 fc2 sc0 ls30 ws50 gs2bb\">Plant<span class=\"_ _2\"></span> and e<span class=\"_ _2\"></span>quipm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> pri<span class=\"_ _2\"></span>ncipal<span class=\"_ _2\"></span>ly i<span class=\"_ _2\"></span>nclude<span class=\"_ _2\"></span>s asse<span class=\"_ _2\"></span>ts<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he Te<span class=\"_ _2\"></span>rminal<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> <span class=\"ls6b wsa7\">Stolt <span class=\"_ _1\"></span><span class=\"ls30 ws50\">Sea F<span class=\"_ _2\"></span>arm<span class=\"_ _2\"></span> busine<span class=\"_ _2\"></span>sses.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 ha6 fff6 fs3c fcb sc0 ls56 wsbf gs2bc\">Impai<span class=\"_ _2\"></span>rment of n<span class=\"_ _2\"></span>on<span class=\"ls1 ws0\">-<span class=\"ls5e wsbb\">curren<span class=\"_ _2\"></span>t a<span class=\"_ _2\"></span>ssets<span class=\"_ _2\"></span></span> </span></div><div class=\"t m0 h98 fff7 fs39 fc2 sc0 ls2f ws75 gs2bd\">See Note<span class=\"ls60 ws4f\">s <span class=\"_ _1\"></span><span class=\"ls1 ws0\">2 <span class=\"ls30 ws50\">and 16</span> <span class=\"ls30 ws50\">for f<span class=\"_ _2\"></span>urthe<span class=\"_ _2\"></span>r di<span class=\"_ _2\"></span>scuss<span class=\"_ _2\"></span>ion o<span class=\"_ _2\"></span>f im<span class=\"_ _2\"></span>pairm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> testi<span class=\"_ _2\"></span>ng.<span class=\"_ _2\"></span></span> </span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-675": {
   "value": "Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span>(i) Re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>nit<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> and m<span class=\"_ _2\"></span>eas<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>me<span class=\"_ _2\"></span>nt<span class=\"ls1 ws0\"> </span>Prope<span class=\"_ _2\"></span>rty<span class=\"_ _2\"></span>, pl<span class=\"_ _2\"></span>ant<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> equi<span class=\"_ _2\"></span>pme<span class=\"_ _2\"></span>nt i<span class=\"_ _2\"></span>s stat<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>at c<span class=\"_ _2\"></span>ost l<span class=\"_ _2\"></span>ess<span class=\"_ _2\"></span> acc<span class=\"_ _2\"></span>umul<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>eprec<span class=\"_ _2\"></span>iat<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>any r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nis<span class=\"_ _2\"></span>ed impairment loss.<span class=\"ls1 ws0\"> </span>Cost includes exp<span class=\"_ _2\"></span>enditures that<span class=\"_ _2\"></span> are directly <span class=\"_ _2\"></span>attributable t<span class=\"_ _2\"></span>o the acquisitio<span class=\"_ _2\"></span>n of the <span class=\"_ _2\"></span>asset. Borrowing<span class=\"_ _2\"></span> costs directly attributable to the construction of<span class=\"ls1 ws0\"> <span class=\"ls49 ws7c\">sig<span class=\"_ _2\"></span>nific<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>t asset<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> adde<span class=\"_ _2\"></span>d to the<span class=\"_ _2\"></span> cost<span class=\"_ _2\"></span> of suc<span class=\"_ _2\"></span>h </span></span>asset<span class=\"_ _2\"></span>s unt<span class=\"_ _2\"></span>il<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span>y ar<span class=\"_ _2\"></span>e re<span class=\"_ _2\"></span>ady f<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span>ir i<span class=\"_ _2\"></span>ntend<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>use.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">cost of ships <span class=\"_ _2\"></span>includes the con<span class=\"_ _2\"></span>tract price,<span class=\"_ _2\"></span> pre</span>-<span class=\"_ _195\"> </span></span>deli<span class=\"_ _2\"></span>very c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>ncur<span class=\"_ _2\"></span>red<span class=\"_ _2\"></span> duri<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>const<span class=\"_ _2\"></span>ruct<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>newb<span class=\"_ _2\"></span>uildi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span>s, b<span class=\"_ _2\"></span>orro<span class=\"_ _2\"></span>wing<span class=\"_ _2\"></span> cos<span class=\"_ _2\"></span>ts a<span class=\"_ _2\"></span>nd <span class=\"_ _2\"></span>any m<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>rial<span class=\"_ _2\"></span> expen<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span> inc<span class=\"_ _2\"></span>urred<span class=\"_ _2\"></span> up<span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>acqui<span class=\"_ _2\"></span>siti<span class=\"_ _2\"></span>on s<span class=\"_ _2\"></span>uch<span class=\"_ _2\"></span> as i<span class=\"_ _2\"></span>mpro<span class=\"_ _2\"></span>vem<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> de<span class=\"_ _2\"></span>live<span class=\"_ _2\"></span>ry ex<span class=\"_ _2\"></span>pen<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span> to p<span class=\"_ _2\"></span>rep<span class=\"_ _2\"></span>are t<span class=\"_ _2\"></span>he ship<span class=\"_ _2\"></span>s for<span class=\"_ _2\"></span> thei<span class=\"_ _2\"></span>r i<span class=\"_ _2\"></span><span class=\"ls49 ws7c\">niti<span class=\"_ _2\"></span>al voy<span class=\"_ _2\"></span>age.<span class=\"_ _195\"> </span></span>(ii<span class=\"_ _2\"></span>) Dep<span class=\"_ _2\"></span>reci<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on<span class=\"ls1 ws0\"> </span>Depre<span class=\"_ _2\"></span>ciat<span class=\"_ _2\"></span>ion i<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>char<span class=\"_ _2\"></span>ged<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>nco<span class=\"_ _2\"></span>me st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>a st<span class=\"_ _2\"></span>raig<span class=\"_ _2\"></span>ht<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls48 ws7d\">lin<span class=\"_ _2\"></span>e basis over the esti<span class=\"_ _2\"></span>mated usef<span class=\"_ _2\"></span>ul life </span></span>of e<span class=\"_ _2\"></span>ach c<span class=\"_ _2\"></span>ompo<span class=\"_ _2\"></span>ne<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> an i<span class=\"_ _2\"></span>tem <span class=\"_ _2\"></span>of<span class=\"ls1 ws0\"> <span class=\"ls54 ws70\">property, plant and</span> </span><span class=\"ws7c\">equip<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>t. La<span class=\"_ _2\"></span>nd and<span class=\"_ _2\"></span> asset<span class=\"_ _2\"></span>s und<span class=\"_ _2\"></span>er co<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ucti<span class=\"_ _2\"></span>on </span>are not de<span class=\"_ _2\"></span>preciated.<span class=\"_ _2\"></span> Proper<span class=\"_ _2\"></span>ty, pl<span class=\"_ _2\"></span>ant and e<span class=\"_ _2\"></span>quipment<span class=\"_ _2\"></span> is depr<span class=\"_ _2\"></span>eciated t<span class=\"_ _2\"></span>o<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">a resi<span class=\"_ _2\"></span>dual<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue <span class=\"ws78\">t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> </span></span></span><span class=\"ws72\">reflects </span>manag<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt\u2019s<span class=\"_ _2\"></span> estim<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span> of scr<span class=\"_ _2\"></span>ap val<span class=\"_ _2\"></span>ue or ot<span class=\"_ _2\"></span>her<span class=\"_ _2\"></span>wise r<span class=\"_ _2\"></span>eco<span class=\"_ _2\"></span>verab<span class=\"_ _2\"></span>le v<span class=\"_ _2\"></span>alu<span class=\"_ _2\"></span>e at the e<span class=\"_ _2\"></span>nd <span class=\"ffe4 ls61 wsac\">of the e<span class=\"_ _2\"></span>stimated<span class=\"ls1 ws0\"> </span></span>usef<span class=\"_ _2\"></span>ul lif<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he a<span class=\"_ _2\"></span>sset.<span class=\"_ _2\"></span> Re<span class=\"_ _2\"></span>sid<span class=\"_ _2\"></span>ual <span class=\"_ _2\"></span>valu<span class=\"_ _2\"></span>es a<span class=\"_ _2\"></span>nd e<span class=\"_ _2\"></span>cono<span class=\"_ _2\"></span>mic l<span class=\"_ _2\"></span>ive<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span>are<span class=\"_ _2\"></span> revi<span class=\"_ _2\"></span>ewed<span class=\"_ _2\"></span> an<span class=\"_ _2\"></span>nual<span class=\"_ _2\"></span>ly.<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span>(i<span class=\"ls4c ws79\">ii<span class=\"ls46 ws89\">) Sub<span class=\"_ _2\"></span>se<span class=\"_ _2\"></span>quen<span class=\"_ _2\"></span>t cos<span class=\"_ _2\"></span>ts <span class=\"ffe6 ls1 ws0\">\u2013<span class=\"ffe0\"> <span class=\"_ _1\"></span><span class=\"ls46 ws89\">dry<span class=\"_ _2\"></span>do<span class=\"_ _2\"></span>cki<span class=\"_ _2\"></span>ng cos<span class=\"_ _2\"></span>ts<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span></span>Upon <span class=\"_ _2\"></span>acq<span class=\"_ _2\"></span>uisit<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>n of<span class=\"_ _2\"></span> a shi<span class=\"_ _2\"></span>p, t<span class=\"_ _2\"></span>he e<span class=\"_ _2\"></span>st<span class=\"_ _2\"></span>imated<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>st <span class=\"_ _2\"></span>of e<span class=\"_ _2\"></span>ach c<span class=\"_ _2\"></span>ompo<span class=\"_ _2\"></span>nent<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>of dry<span class=\"_ _2\"></span>doc<span class=\"_ _2\"></span>king<span class=\"_ _2\"></span> is d<span class=\"_ _2\"></span>ed<span class=\"_ _2\"></span>ucted<span class=\"_ _2\"></span> fr<span class=\"_ _2\"></span>om t<span class=\"_ _2\"></span>he initial cost of the ship <span class=\"_ _2\"></span>and separately capitalised and depreciated over its estimated life.<span class=\"_ _2\"></span> Ships drydock every fi<span class=\"_ _2\"></span>ve years<span class=\"_ _2\"></span> thereaft<span class=\"_ _2\"></span>er. Aft<span class=\"_ _2\"></span>er a s<span class=\"_ _2\"></span>hip is 15 <span class=\"_ _2\"></span>y<span class=\"ls49 wsaa\">ear<span class=\"_ _2\"></span>s ol<span class=\"_ _2\"></span>d, <span class=\"_ _2\"></span>a<span class=\"ffe1 ls1 ws0\"> </span><span class=\"ls54 ws70\">shipping society classification intermediate </span></span>surve<span class=\"_ _2\"></span>y i<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">performed bet<span class=\"_ _2\"></span>ween t<span class=\"_ _2\"></span>he seco<span class=\"_ _2\"></span>nd and t<span class=\"_ _2\"></span>hird year<span class=\"_ _2\"></span> of the<span class=\"_ _2\"></span> five</span>-<span class=\"ls48 ws32\">year dryd<span class=\"_ _2\"></span>ocking<span class=\"_ _2\"></span> period.<span class=\"_ _2\"></span> The Gr<span class=\"_ _2\"></span>oup </span></span>capitalises a substantial portion of the costs in<span class=\"_ _2\"></span>curred<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws2f\">duri<span class=\"_ _2\"></span>ng drydo<span class=\"_ _2\"></span>cking, including t<span class=\"_ _2\"></span>he survey cos<span class=\"ls4b ws77\">t<span class=\"_ _2\"></span>s, </span></span></span>and de<span class=\"_ _2\"></span>pr<span class=\"_ _2\"></span>eci<span class=\"_ _2\"></span>ates t<span class=\"_ _2\"></span>ho<span class=\"_ _2\"></span>se co<span class=\"_ _2\"></span>sts <span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>a str<span class=\"_ _2\"></span>aig<span class=\"_ _2\"></span>ht<span class=\"ls1 ws0\">-<span class=\"ls54 ws70\">line basis from the time <span class=\"_ _2\"></span>of completion of a drydocking </span></span>or<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">intermediate <span class=\"_ _2\"></span>survey b<span class=\"_ _2\"></span>ased on<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>estimated l<span class=\"_ _2\"></span>ife of<span class=\"_ _2\"></span> each c<span class=\"_ _2\"></span>omponent <span class=\"_ _2\"></span>of the <span class=\"_ _2\"></span>drydocki<span class=\"_ _2\"></span>ng. The r<span class=\"_ _2\"></span>esidual </span></span>value<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> dryd<span class=\"_ _2\"></span>ocki<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>comp<span class=\"_ _2\"></span>one<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span> is z<span class=\"_ _2\"></span>ero.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws78\">Group<span class=\"_ _2\"></span> </span>expense<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>cost<span class=\"_ _2\"></span>s rel<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>d to<span class=\"_ _2\"></span> routi<span class=\"_ _2\"></span>ne<span class=\"_ _2\"></span> rep<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span>s an<span class=\"_ _2\"></span>d mai<span class=\"_ _2\"></span>ntena<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> incur<span class=\"_ _2\"></span>red<span class=\"_ _2\"></span> duri<span class=\"_ _2\"></span>ng d<span class=\"_ _2\"></span>ry<span class=\"_ _2\"></span>docki<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> do <span class=\"_ _2\"></span>not<span class=\"_ _2\"></span> impr<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span> or ex<span class=\"_ _2\"></span>te<span class=\"_ _2\"></span>nd the<span class=\"_ _2\"></span> use<span class=\"_ _2\"></span>ful<span class=\"_ _2\"></span> li<span class=\"_ _2\"></span>ves <span class=\"_ _2\"></span>of th<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> <span class=\"ls30 ws73\">ship<span class=\"_ _2\"></span>s. If </span></span>the dryd<span class=\"_ _2\"></span>ock result<span class=\"_ _2\"></span>s in<span class=\"ffe1 ls1 ws0\"> </span><span class=\"ls59 ws95\">an<span class=\"ffe1 ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ffe4 ls54 ws70\">extension <span class=\"_ _2\"></span>of the life of a ship, then t<span class=\"_ _2\"></span>he estimated useful life of t<span class=\"_ _2\"></span>he ship is </span></span></span>ch<span class=\"ws92\">anged accordingly.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>(i<span class=\"ls1 ws0\">v<span class=\"ls4c wsaa\">) Impairment of t<span class=\"_ _2\"></span>angible and <span class=\"_ _2\"></span>intangible <span class=\"_ _2\"></span>assets with fin<span class=\"_ _2\"></span>ite useful lives<span class=\"_ _2\"></span></span> </span>Tangible assets and intangible assets with fi<span class=\"_ _2\"></span>nite lives are tested for impairment if there <span class=\"_ _2\"></span>are indications of im<span class=\"_ _2\"></span>pai<span class=\"_ _2\"></span>rment<span class=\"_ _2\"></span>. T<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>arryi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>amo<span class=\"_ _2\"></span>unt<span class=\"_ _2\"></span>s of t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>Gro<span class=\"_ _2\"></span>up\u2019s<span class=\"_ _2\"></span> tang<span class=\"_ _2\"></span>ibl<span class=\"_ _2\"></span>e and<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nite<span class=\"_ _2\"></span><span class=\"ffe4 ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls54 ws70\">li<span class=\"_ _2\"></span>ved intangible assets are </span></span>revie<span class=\"_ _2\"></span>wed<span class=\"_ _2\"></span> at e<span class=\"_ _2\"></span>ac<span class=\"_ _2\"></span>h bal<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> she<span class=\"_ _2\"></span>et d<span class=\"_ _2\"></span>ate t<span class=\"_ _2\"></span>o d<span class=\"_ _2\"></span>eterm<span class=\"_ _2\"></span>ine<span class=\"_ _2\"></span> w<span class=\"_ _2\"></span><span class=\"ls48 ws32\">hether th<span class=\"_ _2\"></span>ere is<span class=\"ls1 ws0\"> </span></span>any i<span class=\"_ _2\"></span>ndic<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on o<span class=\"_ _2\"></span>f imp<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>. If<span class=\"ls1 ws0\"> <span class=\"ffe5 ls49 wsaa\">any suc<span class=\"_ _2\"></span>h ind<span class=\"_ _2\"></span>icat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> exi<span class=\"_ _2\"></span>sts<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>et\u2019<span class=\"_ _2\"></span>s re<span class=\"_ _2\"></span>cover<span class=\"_ _2\"></span>abl<span class=\"_ _2\"></span>e am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> esti<span class=\"_ _2\"></span>mated<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> dete<span class=\"_ _2\"></span>rmi<span class=\"_ _2\"></span>ne t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>exte<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> </span></span>an<span class=\"_ _1\"></span>y im<span class=\"_ _1\"></span>pair<span class=\"_ _1\"></span>ment l<span class=\"_ _1\"></span>oss<span class=\"_ _1\"></span>. Wher<span class=\"_ _1\"></span>e the<span class=\"_ _1\"></span> ass<span class=\"_ _1\"></span>et doe<span class=\"_ _1\"></span>s not<span class=\"_ _1\"></span> gene<span class=\"_ _1\"></span>rate<span class=\"_ _1\"></span> cash<span class=\"_ _1\"></span> flows<span class=\"_ _1\"></span> tha<span class=\"_ _1\"></span>t are<span class=\"_ _1\"></span> inde<span class=\"_ _1\"></span>pende<span class=\"_ _1\"></span>nt fr<span class=\"_ _1\"></span>om o<span class=\"_ _1\"></span>ther asset<span class=\"_ _2\"></span>s, th<span class=\"_ _2\"></span><span class=\"ls49 wsaa\">e Gro<span class=\"_ _2\"></span>up e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>he r<span class=\"_ _2\"></span>eco<span class=\"_ _2\"></span>verab<span class=\"_ _2\"></span>le <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> ca<span class=\"_ _2\"></span>sh<span class=\"ls1 ws0\">-</span><span class=\"ws7c\">gener<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng u<span class=\"_ _2\"></span>nit<span class=\"ls1 ws0\"> <span class=\"ls4b ws77\">(CGU)<span class=\"_ _2\"></span></span> <span class=\"ls4b ws49\">to which<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he </span></span></span></span>asset<span class=\"_ _2\"></span> bel<span class=\"_ _2\"></span>ong<span class=\"_ _2\"></span>s. S<span class=\"_ _2\"></span>hip n<span class=\"_ _2\"></span>ewb<span class=\"_ _2\"></span>uild<span class=\"_ _2\"></span>ings<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> oth<span class=\"_ _2\"></span>er <span class=\"_ _2\"></span>asset<span class=\"_ _2\"></span>s u<span class=\"_ _2\"></span>nder<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ucti<span class=\"_ _2\"></span>on ar<span class=\"_ _2\"></span>e te<span class=\"_ _2\"></span>sted<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span> imp<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> when<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span>re i<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>n indi<span class=\"_ _2\"></span>cat<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>of im<span class=\"_ _2\"></span>pai<span class=\"_ _2\"></span>rme<span class=\"_ _2\"></span>nt. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> me<span class=\"_ _2\"></span>asure<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>he re<span class=\"_ _2\"></span>cov<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>able <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nt o<span class=\"_ _2\"></span>f as<span class=\"_ _2\"></span>set<span class=\"_ _2\"></span>s by<span class=\"_ _2\"></span> comp<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>heir<span class=\"_ _2\"></span> car<span class=\"_ _2\"></span>ryi<span class=\"_ _2\"></span>ng am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> wit<span class=\"_ _2\"></span>h t<span class=\"_ _2\"></span>he higher of their fair value less cost<span class=\"_ _2\"></span>s of<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">dispos<span class=\"_ _2\"></span>al (<span class=\"_ _2\"></span>FVLC<span class=\"_ _2\"></span>D) or<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue i<span class=\"_ _2\"></span>n use<span class=\"_ _2\"></span> (VI<span class=\"_ _2\"></span>U).<span class=\"_ _2\"></span></span> </span>FVLCD is d<span class=\"_ _2\"></span>etermi<span class=\"_ _2\"></span>ned as t<span class=\"_ _2\"></span>he amo<span class=\"_ _2\"></span>unt that<span class=\"_ _2\"></span> would be <span class=\"_ _2\"></span>obtain<span class=\"_ _2\"></span>ed from t<span class=\"_ _2\"></span>he sale <span class=\"_ _2\"></span>of the <span class=\"_ _2\"></span>asset i<span class=\"_ _2\"></span>n an orde<span class=\"_ _2\"></span>rly transaction between market p<span class=\"_ _2\"></span>articipants. FVLCD is<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">gen<span class=\"_ _2\"></span>erall<span class=\"_ _2\"></span>y d<span class=\"_ _2\"></span>eter<span class=\"_ _2\"></span>mi<span class=\"_ _2\"></span>ned a<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>he pr<span class=\"_ _2\"></span>ese<span class=\"_ _2\"></span>nt val<span class=\"_ _2\"></span>ue<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he </span></span>estimated future<span class=\"_ _2\"></span> cash flows expe<span class=\"_ _2\"></span>cted to <span class=\"_ _2\"></span>arise from the <span class=\"_ _2\"></span>cont<span class=\"ls49 wsaa\">inue<span class=\"_ _2\"></span>d <span class=\"_ _2\"></span>use of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> as<span class=\"_ _2\"></span>set<span class=\"_ _2\"></span>, i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> any<span class=\"_ _2\"></span> </span>expa<span class=\"_ _2\"></span>nsio<span class=\"_ _2\"></span>n pro<span class=\"_ _2\"></span>ject<span class=\"_ _2\"></span>s,<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> its<span class=\"_ _2\"></span> even<span class=\"_ _2\"></span>tual<span class=\"_ _2\"></span> di<span class=\"_ _2\"></span>spos<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>, usi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>assum<span class=\"_ _2\"></span>pti<span class=\"_ _2\"></span>ons t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> an i<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span>epen<span class=\"_ _2\"></span>dent<span class=\"_ _2\"></span> mark<span class=\"_ _2\"></span>et parti<span class=\"_ _2\"></span>cip<span class=\"_ _2\"></span>ant<span class=\"_ _2\"></span> may t<span class=\"_ _2\"></span>ake<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>o a<span class=\"_ _2\"></span>ccoun<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>. The<span class=\"_ _2\"></span>se c<span class=\"_ _2\"></span>ash f<span class=\"_ _2\"></span>lows<span class=\"_ _2\"></span> ar<span class=\"_ _2\"></span>e di<span class=\"_ _2\"></span>scou<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>d at<span class=\"_ _2\"></span> an<span class=\"ls1 ws0\"> </span>appr<span class=\"_ _2\"></span>opr<span class=\"_ _2\"></span>iate<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> arr<span class=\"_ _2\"></span>ive <span class=\"_ _2\"></span>at a net p<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>sent<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue o<span class=\"_ _2\"></span>f <span class=\"ls4b ws49\">t<span class=\"_ _2\"></span>he a<span class=\"_ _2\"></span>sset.<span class=\"_ _195\"> </span></span><div class=\"t m0 hac ffe9 fs39 fc2 sc0 ls48 ws32 gs29e\">VIU is det<span class=\"_ _2\"></span>ermined <span class=\"_ _2\"></span>as the p<span class=\"_ _2\"></span>resent <span class=\"_ _2\"></span>value of t<span class=\"_ _2\"></span>he est<span class=\"_ _2\"></span>imated f<span class=\"_ _2\"></span>uture ca<span class=\"_ _2\"></span>sh flo<span class=\"_ _2\"></span>ws expect<span class=\"_ _2\"></span>ed to ari<span class=\"_ _2\"></span>se fr<span class=\"_ _2\"></span>om the </div><div class=\"t m0 hac ffe9 fs39 fc2 sc0 ls48 ws32 gs29f\">continued <span class=\"_ _2\"></span>use of t<span class=\"_ _2\"></span>he a<span class=\"_ _2\"></span>sset in its<span class=\"_ _2\"></span> prese<span class=\"_ _2\"></span>nt form <span class=\"_ _2\"></span>and it<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls54 ws70\">eventual di<span class=\"_ _2\"></span>sposal. VIU is determined by <span class=\"_ _2\"></span>applying </span></span></div><div class=\"t m0 hac ffea fs39 fc2 sc0 ls49 wsaa gs2a0\">assu<span class=\"_ _2\"></span>mpti<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span> spec<span class=\"_ _2\"></span>ifi<span class=\"_ _2\"></span>c to<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Gro<span class=\"_ _2\"></span>up\u2019s<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntinu<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>use <span class=\"_ _2\"></span>a<span class=\"ffe9\">nd c<span class=\"_ _2\"></span>annot<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>ake<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>o acc<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> fut<span class=\"_ _2\"></span>ure <span class=\"_ _2\"></span>de<span class=\"_ _2\"></span>velop<span class=\"_ _2\"></span>me<span class=\"_ _2\"></span>nt. </span></div><div class=\"t m0 hac ffe9 fs39 fc2 sc0 ls4b ws77 gs2a1\">These<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls49 ws7c\">assumpt<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>s are d<span class=\"_ _2\"></span>iff<span class=\"_ _2\"></span>erent<span class=\"_ _2\"></span> from<span class=\"_ _2\"></span> those<span class=\"_ _2\"></span> used i<span class=\"_ _2\"></span>n calc<span class=\"_ _2\"></span>ulat<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> fair val<span class=\"_ _2\"></span>ue a<span class=\"_ _2\"></span>nd con<span class=\"_ _2\"></span>seque<span class=\"_ _2\"></span>ntly<span class=\"_ _2\"></span> the val<span class=\"_ _2\"></span>ue<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 hac ffe9 fs39 fc2 sc0 ls54 ws83 gs2a2\">in<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">use calc<span class=\"_ _2\"></span>ulat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> likel<span class=\"_ _2\"></span>y t<span class=\"_ _2\"></span>o gi<span class=\"_ _2\"></span>ve a d<span class=\"_ _2\"></span>iff<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>nt r<span class=\"_ _2\"></span>esult<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> a f<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue ca<span class=\"_ _2\"></span>lcul<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on.<span class=\"_ _2\"></span></span> </span></div><div class=\"t m0 hac ffe9 fs39 fc2 sc0 ls49 wsaa gs2a3\">An imp<span class=\"_ _2\"></span>airm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss is<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> whe<span class=\"_ _2\"></span>neve<span class=\"_ _2\"></span>r the<span class=\"_ _2\"></span> ca<span class=\"_ _2\"></span>rryi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nt o<span class=\"_ _2\"></span>f a<span class=\"_ _2\"></span>n as<span class=\"_ _2\"></span>set o<span class=\"_ _2\"></span>r it<span class=\"_ _2\"></span>s <span class=\"ls53 ws80\">C<span class=\"_ _2\"></span>GU<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">exceeds its </span></span></span></div><div class=\"t m0 hac ffe9 fs39 fc2 sc0 ls49 wsaa gs2a4\">reco<span class=\"_ _2\"></span>verab<span class=\"_ _2\"></span>le<span class=\"_ _2\"></span> amo<span class=\"_ _2\"></span>unt.<span class=\"_ _2\"></span> Imp<span class=\"_ _2\"></span>airme<span class=\"_ _2\"></span>nt <span class=\"_ _2\"></span>loss<span class=\"_ _2\"></span>es a<span class=\"_ _2\"></span>re r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d in t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> inc<span class=\"_ _2\"></span>ome s<span class=\"_ _2\"></span>tate<span class=\"_ _2\"></span>me<span class=\"_ _2\"></span>nt. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ffe9 fs39 fc2 sc0 ls49 wsaa gs2a5\">An imp<span class=\"_ _2\"></span>airm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss, <span class=\"_ _2\"></span>othe<span class=\"_ _2\"></span>r t<span class=\"_ _2\"></span>han f<span class=\"_ _2\"></span>or g<span class=\"_ _2\"></span>ood<span class=\"_ _2\"></span>will<span class=\"_ _2\"></span>, i<span class=\"_ _2\"></span>s rev<span class=\"_ _2\"></span>ers<span class=\"_ _2\"></span>ed wh<span class=\"_ _2\"></span>en t<span class=\"_ _2\"></span>here<span class=\"_ _2\"></span> is <span class=\"_ _2\"></span>an i<span class=\"_ _2\"></span>ndic<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on t<span class=\"_ _2\"></span>hat t<span class=\"_ _2\"></span>he </div><div class=\"t m0 hac ffe9 fs39 fc2 sc0 ls54 ws70 gs2a6\">impairment loss may no longer exist <span class=\"_ _2\"></span>and there has been a<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">change i<span class=\"_ _2\"></span>n the estim<span class=\"_ _2\"></span>ates u<span class=\"_ _2\"></span>sed to d<span class=\"_ _2\"></span>etermin<span class=\"_ _2\"></span>e </span></span></div><div class=\"t m0 hac ffe9 fs39 fc2 sc0 ls49 ws7c gs2a7\">the rec<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>rabl<span class=\"_ _2\"></span>e amo<span class=\"_ _2\"></span>unt.<span class=\"_ _195\"> </span><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-606": {
   "value": "(i) Re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>nit<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> and m<span class=\"_ _2\"></span>eas<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>me<span class=\"_ _2\"></span>nt<span class=\"ls1 ws0\"> </span>Prope<span class=\"_ _2\"></span>rty<span class=\"_ _2\"></span>, pl<span class=\"_ _2\"></span>ant<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> equi<span class=\"_ _2\"></span>pme<span class=\"_ _2\"></span>nt i<span class=\"_ _2\"></span>s stat<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>at c<span class=\"_ _2\"></span>ost l<span class=\"_ _2\"></span>ess<span class=\"_ _2\"></span> acc<span class=\"_ _2\"></span>umul<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>eprec<span class=\"_ _2\"></span>iat<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>any r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nis<span class=\"_ _2\"></span>ed impairment loss.<span class=\"ls1 ws0\"> </span>Cost includes exp<span class=\"_ _2\"></span>enditures that<span class=\"_ _2\"></span> are directly <span class=\"_ _2\"></span>attributable t<span class=\"_ _2\"></span>o the acquisitio<span class=\"_ _2\"></span>n of the <span class=\"_ _2\"></span>asset. Borrowing<span class=\"_ _2\"></span> costs directly attributable to the construction of<span class=\"ls1 ws0\"> <span class=\"ls49 ws7c\">sig<span class=\"_ _2\"></span>nific<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>t asset<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> adde<span class=\"_ _2\"></span>d to the<span class=\"_ _2\"></span> cost<span class=\"_ _2\"></span> of suc<span class=\"_ _2\"></span>h </span></span>asset<span class=\"_ _2\"></span>s unt<span class=\"_ _2\"></span>il<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span>y ar<span class=\"_ _2\"></span>e re<span class=\"_ _2\"></span>ady f<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span>ir i<span class=\"_ _2\"></span>ntend<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>use.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">cost of ships <span class=\"_ _2\"></span>includes the con<span class=\"_ _2\"></span>tract price,<span class=\"_ _2\"></span> pre</span>-<span class=\"_ _195\"> </span></span>deli<span class=\"_ _2\"></span>very c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>ncur<span class=\"_ _2\"></span>red<span class=\"_ _2\"></span> duri<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>const<span class=\"_ _2\"></span>ruct<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>newb<span class=\"_ _2\"></span>uildi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span>s, b<span class=\"_ _2\"></span>orro<span class=\"_ _2\"></span>wing<span class=\"_ _2\"></span> cos<span class=\"_ _2\"></span>ts a<span class=\"_ _2\"></span>nd <span class=\"_ _2\"></span>any m<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>rial<span class=\"_ _2\"></span> expen<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span> inc<span class=\"_ _2\"></span>urred<span class=\"_ _2\"></span> up<span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>acqui<span class=\"_ _2\"></span>siti<span class=\"_ _2\"></span>on s<span class=\"_ _2\"></span>uch<span class=\"_ _2\"></span> as i<span class=\"_ _2\"></span>mpro<span class=\"_ _2\"></span>vem<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> de<span class=\"_ _2\"></span>live<span class=\"_ _2\"></span>ry ex<span class=\"_ _2\"></span>pen<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span> to p<span class=\"_ _2\"></span>rep<span class=\"_ _2\"></span>are t<span class=\"_ _2\"></span>he ship<span class=\"_ _2\"></span>s for<span class=\"_ _2\"></span> thei<span class=\"_ _2\"></span>r i<span class=\"_ _2\"></span><span class=\"ls49 ws7c\">niti<span class=\"_ _2\"></span>al voy<span class=\"_ _2\"></span>age.<span class=\"_ _195\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-605": {
   "value": "(ii<span class=\"_ _2\"></span>) Dep<span class=\"_ _2\"></span>reci<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on<span class=\"ls1 ws0\"> </span>Depre<span class=\"_ _2\"></span>ciat<span class=\"_ _2\"></span>ion i<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>char<span class=\"_ _2\"></span>ged<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>nco<span class=\"_ _2\"></span>me st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>a st<span class=\"_ _2\"></span>raig<span class=\"_ _2\"></span>ht<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls48 ws7d\">lin<span class=\"_ _2\"></span>e basis over the esti<span class=\"_ _2\"></span>mated usef<span class=\"_ _2\"></span>ul life </span></span>of e<span class=\"_ _2\"></span>ach c<span class=\"_ _2\"></span>ompo<span class=\"_ _2\"></span>ne<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> an i<span class=\"_ _2\"></span>tem <span class=\"_ _2\"></span>of<span class=\"ls1 ws0\"> <span class=\"ls54 ws70\">property, plant and</span> </span><span class=\"ws7c\">equip<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>t. La<span class=\"_ _2\"></span>nd and<span class=\"_ _2\"></span> asset<span class=\"_ _2\"></span>s und<span class=\"_ _2\"></span>er co<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ucti<span class=\"_ _2\"></span>on </span>are not de<span class=\"_ _2\"></span>preciated.<span class=\"_ _2\"></span> Proper<span class=\"_ _2\"></span>ty, pl<span class=\"_ _2\"></span>ant and e<span class=\"_ _2\"></span>quipment<span class=\"_ _2\"></span> is depr<span class=\"_ _2\"></span>eciated t<span class=\"_ _2\"></span>o<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">a resi<span class=\"_ _2\"></span>dual<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue <span class=\"ws78\">t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> </span></span></span><span class=\"ws72\">reflects </span>manag<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt\u2019s<span class=\"_ _2\"></span> estim<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span> of scr<span class=\"_ _2\"></span>ap val<span class=\"_ _2\"></span>ue or ot<span class=\"_ _2\"></span>her<span class=\"_ _2\"></span>wise r<span class=\"_ _2\"></span>eco<span class=\"_ _2\"></span>verab<span class=\"_ _2\"></span>le v<span class=\"_ _2\"></span>alu<span class=\"_ _2\"></span>e at the e<span class=\"_ _2\"></span>nd <span class=\"ffe4 ls61 wsac\">of the e<span class=\"_ _2\"></span>stimated<span class=\"ls1 ws0\"> </span></span>usef<span class=\"_ _2\"></span>ul lif<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he a<span class=\"_ _2\"></span>sset.<span class=\"_ _2\"></span> Re<span class=\"_ _2\"></span>sid<span class=\"_ _2\"></span>ual <span class=\"_ _2\"></span>valu<span class=\"_ _2\"></span>es a<span class=\"_ _2\"></span>nd e<span class=\"_ _2\"></span>cono<span class=\"_ _2\"></span>mic l<span class=\"_ _2\"></span>ive<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span>are<span class=\"_ _2\"></span> revi<span class=\"_ _2\"></span>ewed<span class=\"_ _2\"></span> an<span class=\"_ _2\"></span>nual<span class=\"_ _2\"></span>ly.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-645": {
   "value": "(ii<span class=\"_ _2\"></span>) Dep<span class=\"_ _2\"></span>reci<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on<span class=\"ls1 ws0\"> </span>Depre<span class=\"_ _2\"></span>ciat<span class=\"_ _2\"></span>ion i<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>char<span class=\"_ _2\"></span>ged<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>nco<span class=\"_ _2\"></span>me st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>a st<span class=\"_ _2\"></span>raig<span class=\"_ _2\"></span>ht<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls48 ws7d\">lin<span class=\"_ _2\"></span>e basis over the esti<span class=\"_ _2\"></span>mated usef<span class=\"_ _2\"></span>ul life </span></span>of e<span class=\"_ _2\"></span>ach c<span class=\"_ _2\"></span>ompo<span class=\"_ _2\"></span>ne<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> an i<span class=\"_ _2\"></span>tem <span class=\"_ _2\"></span>of<span class=\"ls1 ws0\"> <span class=\"ls54 ws70\">property, plant and</span> </span><span class=\"ws7c\">equip<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>t. La<span class=\"_ _2\"></span>nd and<span class=\"_ _2\"></span> asset<span class=\"_ _2\"></span>s und<span class=\"_ _2\"></span>er co<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ucti<span class=\"_ _2\"></span>on </span>are not de<span class=\"_ _2\"></span>preciated.<span class=\"_ _2\"></span> Proper<span class=\"_ _2\"></span>ty, pl<span class=\"_ _2\"></span>ant and e<span class=\"_ _2\"></span>quipment<span class=\"_ _2\"></span> is depr<span class=\"_ _2\"></span>eciated t<span class=\"_ _2\"></span>o<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">a resi<span class=\"_ _2\"></span>dual<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue <span class=\"ws78\">t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> </span></span></span><span class=\"ws72\">reflects </span>manag<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt\u2019s<span class=\"_ _2\"></span> estim<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span> of scr<span class=\"_ _2\"></span>ap val<span class=\"_ _2\"></span>ue or ot<span class=\"_ _2\"></span>her<span class=\"_ _2\"></span>wise r<span class=\"_ _2\"></span>eco<span class=\"_ _2\"></span>verab<span class=\"_ _2\"></span>le v<span class=\"_ _2\"></span>alu<span class=\"_ _2\"></span>e at the e<span class=\"_ _2\"></span>nd <span class=\"ffe4 ls61 wsac\">of the e<span class=\"_ _2\"></span>stimated<span class=\"ls1 ws0\"> </span></span>usef<span class=\"_ _2\"></span>ul lif<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he a<span class=\"_ _2\"></span>sset.<span class=\"_ _2\"></span> Re<span class=\"_ _2\"></span>sid<span class=\"_ _2\"></span>ual <span class=\"_ _2\"></span>valu<span class=\"_ _2\"></span>es a<span class=\"_ _2\"></span>nd e<span class=\"_ _2\"></span>cono<span class=\"_ _2\"></span>mic l<span class=\"_ _2\"></span>ive<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span>are<span class=\"_ _2\"></span> revi<span class=\"_ _2\"></span>ewed<span class=\"_ _2\"></span> an<span class=\"_ _2\"></span>nual<span class=\"_ _2\"></span>ly.<table class=\"s w14c h133\" id=\"_c1c86b7d-8843-4606-9f06-7f452950b5f1\"><tr><td class=\"c x246 y2c8c w178 h134\"><div class=\"t m0 x245 h85 y2c8b fff6 fs3b fc2 sc0 ls1 ws0\">Accumulated<span class=\"_ _195\"> </span></div><div class=\"t m0 x2fc h85 y2c8b fff6 fs3b fc2 sc0 ls65 ws99\">deprecia<span class=\"_ _2\"></span>tion<span class=\"ls1 ws0\"> and </span>impairme<span class=\"_ _2\"></span>nt<span class=\"_ _195\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c x2f5 y2c8d w174 h103\"><div class=\"t m0 x245 h82 y29a6 fff7 fs3b fc2 sc0 ls1e ws60\">Plant and<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x2fd h82 y2c8e fff7 fs3b fc2 sc0 ls1 ws0\">Leasehold<span class=\"_ _195\"> </span></td><td class=\"t m0 x283 h82 y2c8e fff7 fs3b fc2 sc0 ls1 ws0\">Construction<span class=\"_ _195\"> </span></td><td></td></tr><tr><td class=\"c x246 y2c8f w179 h102\"><div class=\"t m0 x245 h82 y29a6 fff7 fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2b9 h82 y29a7 fff7 fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ thousands)<span class=\"_ _195\"> </span></div></td><td class=\"c x28c y2c90 w20 h97\"><div class=\"t m0 x1a0 h82 y1cce fff7 fs3b fc2 sc0 ls7c wsc3\">Land<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c90 w20 h97\"><div class=\"t m0 x179 h82 y1cce fff7 fs3b fc2 sc0 ls2d ws4a\">Buildin<span class=\"_ _2\"></span>gs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c90 w8d h97\"><div class=\"t m0 x19b h82 y1cce fff7 fs3b fc2 sc0 ls1e ws2f\">Ships and <span class=\"ls1 ws0\">b<span class=\"ls3a ws9b\">arges</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c90 w48 h97\"><div class=\"t m0 x19a h82 y1cce fff7 fs3b fc2 sc0 ls1c ws30\">Tank <span class=\"ls1 ws0\">containers</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f7 y2c91 w176 h103\"><div class=\"t m0 x245 h82 y29a6 fff7 fs3b fc2 sc0 ls1 ws0\">equipment</div></td><td class=\"c x2fb y2c90 w20 h97\"><div class=\"t m0 x99 h82 y213b fff7 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x17c h82 y1ec8 fff7 fs3b fc2 sc0 ls1 ws0\">improvements </div></td><td class=\"c x2f9 y2c90 w20 h97\"><div class=\"t m0 x99 h82 y213b fff7 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x180 h82 y1ec8 fff7 fs3b fc2 sc0 ls1 ws0\">i<span class=\"ls7d wsc4\">n </span>progress </div></td><td class=\"c x2fa y2c90 w34 h97\"><div class=\"t m0 x1a0 h82 y1cce fff7 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2c92 w4d h89\"><div class=\"t m0 x0 h87 y1bfa fff6 fs3a fc2 sc0 ls2e ws6e\">Balance at <span class=\"ls75 ws39\">D<span class=\"_ _2\"></span>ecemb<span class=\"_ _2\"></span>er 1<span class=\"ls21 ws38\">, 20<span class=\"_ _2\"></span>23</span></span><span class=\"ls75 ws39\"><span class=\"ls21 ws38\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x28c y2c92 w20 h89\"><div class=\"t m0 xb6 h87 y1bfa fff8 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"fff6\"> </span></div></td><td class=\"c x24e y2c92 w20 h89\"><div class=\"t m0 x179 h87 y1bfa fff6 fs3a fc2 sc0 ls23 ws39\">62,057<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c92 w8d h89\"><div class=\"t m0 x17a h87 y1bfa fff6 fs3a fc2 sc0 ls21 ws35\">1,84<span class=\"_ _2\"></span>0,219<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c92 w48 h89\"><div class=\"t m0 x180 h87 y1bfa fff6 fs3a fc2 sc0 ls21 ws35\">268,<span class=\"_ _2\"></span>692<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c92 w2a h89\"><div class=\"t m0 x180 h87 y1bfa fff6 fs3a fc2 sc0 ls21 ws35\">758,<span class=\"_ _2\"></span>281<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c92 w20 h89\"><div class=\"t m0 x185 h87 y1bfa fff6 fs3a fc2 sc0 ls21 ws35\">6,48<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c92 w20 h89\"><div class=\"t m0 xb6 h87 y1bfa fff8 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"fff6\"> </span></div></td><td class=\"c x2fa y2c92 w34 h89\"><div class=\"t m0 x17b h87 y1bfa fff6 fs3a fc2 sc0 ls76 wsb9\">2,935,734<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c93 w4d h86\"><div class=\"t m0 x0 h88 y1c50 fff7 fs3a fc2 sc0 ls26 ws3d\">Depreciation exp<span class=\"_ _1\"></span>ense <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c93 w20 h86\"><div class=\"t m0 x2d h88 y1c50 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x24e y2c93 w20 h86\"><div class=\"t m0 x184 h88 y1c50 fff7 fs3a fc2 sc0 ls20 ws36\">2,752<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c93 w8d h86\"><div class=\"t m0 x181 h88 y1c50 fff7 fs3a fc2 sc0 ls20 ws36\">131,024<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c93 w48 h86\"><div class=\"t m0 x183 h88 y1c50 fff7 fs3a fc2 sc0 ls20 ws36\">21,147<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c93 w2a h86\"><div class=\"t m0 x183 h88 y1c50 fff7 fs3a fc2 sc0 ls20 ws36\">71,236<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c93 w20 h86\"><div class=\"t m0 x184 h88 y1c50 fff7 fs3a fc2 sc0 ls20 ws36\">1,049<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c93 w20 h86\"><div class=\"t m0 x2d h88 y1c50 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x2fa y2c93 w34 h86\"><div class=\"t m0 x181 h88 y1c50 fff7 fs3a fc2 sc0 ls20 ws36\">227,208<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c94 w4d h8c\"><div class=\"t m0 x0 h88 y1bf6 fff7 fs3a fc2 sc0 ls25 ws3c\">Disposals and retirements<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c94 w20 h8c\"><div class=\"t m0 x2d h88 y1bf6 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x24e y2c94 w25 h8c\"><div class=\"t m0 x188 h88 y1bf6 fff7 fs3a fc2 sc0 ls20 ws36\">(258)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c94 w25 h8c\"><div class=\"t m0 x187 h88 y1bf6 fff7 fs3a fc2 sc0 ls20 ws36\">(80,434)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c94 w25 h8c\"><div class=\"t m0 x187 h88 y1bf6 fff7 fs3a fc2 sc0 ls20 ws36\">(14,938)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c94 w2c h8c\"><div class=\"t m0 x187 h88 y1bf6 fff7 fs3a fc2 sc0 ls20 ws36\">(10,922)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c94 w2b h8c\"><div class=\"t m0 x186 h88 y1bf6 fff7 fs3a fc2 sc0 ls20 ws36\">(2,132)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c94 w20 h8c\"><div class=\"t m0 x2d h88 y1bf6 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x2fa y2c94 w56 h8c\"><div class=\"t m0 x17f h88 y1bf6 fff7 fs3a fc2 sc0 ls20 ws36\">(108,684)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c95 w4d h86\"><div class=\"t m0 x0 h88 y1c05 fff7 fs3a fc2 sc0 ls80 ws3d\">Net foreign exchange differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c95 w20 h86\"><div class=\"t m0 x2d h88 y1c05 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x24e y2c95 w25 h86\"><div class=\"t m0 x188 h88 y1c05 fff7 fs3a fc2 sc0 ls20 ws36\">(257)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c95 w25 h86\"><div class=\"t m0 x186 h88 y1c05 fff7 fs3a fc2 sc0 ls20 ws36\">(1,142)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c95 w25 h86\"><div class=\"t m0 x1be h88 y1c05 fff7 fs3a fc2 sc0 ls20 ws36\">(62)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c95 w2c h86\"><div class=\"t m0 x186 h88 y1c05 fff7 fs3a fc2 sc0 ls20 ws36\">(9,114)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c95 w2b h86\"><div class=\"t m0 x1be h88 y1c05 fff7 fs3a fc2 sc0 ls20 ws36\">(60)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c95 w20 h86\"><div class=\"t m0 x2d h88 y1c05 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x2fa y2c95 w56 h86\"><div class=\"t m0 x187 h88 y1c05 fff7 fs3a fc2 sc0 ls20 ws36\">(10,635)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c96 w4d h89\"><div class=\"t m0 x0 h88 y1bde fff7 fs3a fc2 sc0 ls25 ws3c\">Reclasses and other<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c96 w20 h89\"><div class=\"t m0 x2d h88 y1bde fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x24e y2c96 w20 h89\"><div class=\"t m0 x184 h88 y1bde fff7 fs3a fc2 sc0 ls20 ws36\">2,352<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c96 w25 h89\"><div class=\"t m0 x1be h88 y1bde fff7 fs3a fc2 sc0 ls20 ws36\">(22)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c96 w25 h89\"><div class=\"t m0 x188 h88 y1bde fff7 fs3a fc2 sc0 ls20 ws36\">(234)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c96 w2c h89\"><div class=\"t m0 x186 h88 y1bde fff7 fs3a fc2 sc0 ls20 ws36\">(4,873)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c96 w2b h89\"><div class=\"t m0 x1 h88 y1bde fff7 fs3a fc2 sc0 ls2a ws45\">(2)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c96 w20 h89\"><div class=\"t m0 x2d h88 y1bde fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x2fa y2c96 w56 h89\"><div class=\"t m0 x186 h88 y1bde fff7 fs3a fc2 sc0 ls20 ws36\">(2,779)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c97 w4d h8a\"><div class=\"t m0 x0 h87 y1be0 fff6 fs3a fc2 sc0 ls23 wsc7\">Balance<span class=\"_ _1\"></span> at Nove<span class=\"_ _1\"></span>mber 30, 2024<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c97 w20 h8a\"><div class=\"t m0 xb6 h87 y1be0 fff8 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"fff6\"> </span></div></td><td class=\"c x24e y2c97 w20 h8a\"><div class=\"t m0 x179 h87 y1be0 fff6 fs3a fc2 sc0 ls23 ws39\">66,646<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c97 w8d h8a\"><div class=\"t m0 x17a h87 y1be0 fff6 fs3a fc2 sc0 ls21 ws35\">1,88<span class=\"_ _2\"></span>9,645<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c97 w48 h8a\"><div class=\"t m0 x180 h87 y1be0 fff6 fs3a fc2 sc0 ls21 ws35\">274,<span class=\"_ _2\"></span>605<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c97 w2a h8a\"><div class=\"t m0 x180 h87 y1be0 fff6 fs3a fc2 sc0 ls21 ws35\">804,<span class=\"_ _2\"></span>608<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c97 w20 h8a\"><div class=\"t m0 x185 h87 y1be0 fff6 fs3a fc2 sc0 ls21 ws35\">5,34<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c97 w20 h8a\"><div class=\"t m0 xb6 h87 y1be0 fff8 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"fff6\"> </span></div></td><td class=\"c x2fa y2c97 w34 h8a\"><div class=\"t m0 x17b h87 y1be0 fff6 fs3a fc2 sc0 ls76 wsb9\">3,040,844<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c98 w4d h8a\"><div class=\"t m0 x0 h88 y1be6 fff7 fs3a fc2 sc0 ls26 ws3d\">Depreciation exp<span class=\"_ _1\"></span>ense <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c98 w20 h8a\"><div class=\"t m0 x2d h88 y1be6 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x24e y2c98 w20 h8a\"><div class=\"t m0 x184 h88 y1be6 fff7 fs3a fc2 sc0 ls20 ws36\">2,734<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c98 w8d h8a\"><div class=\"t m0 x181 h88 y1be6 fff7 fs3a fc2 sc0 ls20 ws36\">157,683<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c98 w48 h8a\"><div class=\"t m0 x183 h88 y1be6 fff7 fs3a fc2 sc0 ls20 ws36\">22,046<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c98 w2a h8a\"><div class=\"t m0 x183 h88 y1be6 fff7 fs3a fc2 sc0 ls20 ws36\">73,444<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c98 w20 h8a\"><div class=\"t m0 x184 h88 y1be6 fff7 fs3a fc2 sc0 ls20 ws36\">1,595<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c98 w20 h8a\"><div class=\"t m0 x2d h88 y1be6 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x2fa y2c98 w34 h8a\"><div class=\"t m0 x181 h88 y1be6 fff7 fs3a fc2 sc0 ls20 ws36\">257,502<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c99 w4d h8b\"><div class=\"t m0 x0 h88 y1be4 fff7 fs3a fc2 sc0 ls25 ws3c\">Disposals and retirements<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c99 w20 h8b\"><div class=\"t m0 x2d h88 y1be4 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x24e y2c99 w25 h8b\"><div class=\"t m0 x1 h88 y1be4 fff7 fs3a fc2 sc0 ls2a ws45\">(2)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c99 w25 h8b\"><div class=\"t m0 x187 h88 y1be4 fff7 fs3a fc2 sc0 ls20 ws36\">(44,475)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c99 w25 h8b\"><div class=\"t m0 x187 h88 y1be4 fff7 fs3a fc2 sc0 ls20 ws36\">(11,444)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c99 w2c h8b\"><div class=\"t m0 x186 h88 y1be4 fff7 fs3a fc2 sc0 ls20 ws36\">(7,729)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c99 w2b h8b\"><div class=\"t m0 x1be h88 y1be4 fff7 fs3a fc2 sc0 ls20 ws36\">(75)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c99 w20 h8b\"><div class=\"t m0 x2d h88 y1be4 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x2fa y2c99 w56 h8b\"><div class=\"t m0 x187 h88 y1be4 fff7 fs3a fc2 sc0 ls20 ws36\">(63,725)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c9a w4d h86\"><div class=\"t m0 x0 h88 y1be2 fff7 fs3a fc2 sc0 ls80 ws3d\">Net foreign exchange differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c9a w20 h86\"><div class=\"t m0 x2d h88 y1be2 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x24e y2c9a w20 h86\"><div class=\"t m0 x184 h88 y1be2 fff7 fs3a fc2 sc0 ls20 ws36\">4,205<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c9a w8d h86\"><div class=\"t m0 x184 h88 y1be2 fff7 fs3a fc2 sc0 ls20 ws36\">4,029<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c9a w48 h86\"><div class=\"t m0 x1 h88 y1be2 fff7 fs3a fc2 sc0 ls20 ws36\">95<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c9a w2a h86\"><div class=\"t m0 x183 h88 y1be2 fff7 fs3a fc2 sc0 ls20 ws36\">20,132<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c9a w20 h86\"><div class=\"t m0 x1 h88 y1be2 fff7 fs3a fc2 sc0 ls20 ws36\">68<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c9a w20 h86\"><div class=\"t m0 x2d h88 y1be2 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x2fa y2c9a w34 h86\"><div class=\"t m0 x183 h88 y1be2 fff7 fs3a fc2 sc0 ls20 ws36\">28,529<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c9b w4d h8a\"><div class=\"t m0 x0 h88 y1c18 fff7 fs3a fc2 sc0 ls25 ws3c\">Reclasses and other<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c9b w20 h8a\"><div class=\"t m0 x2d h88 y1c18 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x24e y2c9b w20 h8a\"><div class=\"t m0 x184 h88 y1c18 fff7 fs3a fc2 sc0 ls20 ws36\">2,768<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c9b w8d h8a\"><div class=\"t m0 x1 h88 y1c18 fff7 fs3a fc2 sc0 ls20 ws36\">42<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c9b w25 h8a\"><div class=\"t m0 x188 h88 y1c18 fff7 fs3a fc2 sc0 ls20 ws36\">(201)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c9b w2c h8a\"><div class=\"t m0 x186 h88 y1c18 fff7 fs3a fc2 sc0 ls20 ws36\">(2,438)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c9b w20 h8a\"><div class=\"t m0 x1 h88 y1c18 fff7 fs3a fc2 sc0 ls20 ws36\">54<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c9b w20 h8a\"><div class=\"t m0 x2d h88 y1c18 fff9 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"fff7\"> </span></div></td><td class=\"c x2fa y2c9b w34 h8a\"><div class=\"t m0 x171 h88 y1c18 fff7 fs3a fc2 sc0 ls20 ws36\">225<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c9c w4d h86\"><div class=\"t m0 x0 h87 y1bea fff6 fs3a fc2 sc0 ls23 wsc7\">Balance<span class=\"_ _1\"></span> at Nove<span class=\"_ _1\"></span>mber 30, 2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2c9c w20 h86\"><div class=\"t m0 xb6 h87 y1bea fff8 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"fff6\"> </span></div></td><td class=\"c x24e y2c9c w20 h86\"><div class=\"t m0 x179 h87 y1bea fff6 fs3a fc2 sc0 ls23 ws39\">76,351<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c9c w8d h86\"><div class=\"t m0 x17a h87 y1bea fff6 fs3a fc2 sc0 ls21 ws35\">2,00<span class=\"_ _2\"></span>6,924<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c9c w48 h86\"><div class=\"t m0 x180 h87 y1bea fff6 fs3a fc2 sc0 ls21 ws35\">285,<span class=\"_ _2\"></span>101<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c9c w2a h86\"><div class=\"t m0 x180 h87 y1bea fff6 fs3a fc2 sc0 ls21 ws35\">888,<span class=\"_ _2\"></span>017<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c9c w20 h86\"><div class=\"t m0 x185 h87 y1bea fff6 fs3a fc2 sc0 ls21 ws35\">6,98<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c9c w20 h86\"><div class=\"t m0 xb6 h87 y1bea fff8 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"fff6\"> </span></div></td><td class=\"c x2fa y2c9c w34 h86\"><div class=\"t m0 x17b h87 y1bea fff6 fs3a fc2 sc0 ls76 wsb9\">3,263,375<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c9d w4d h86\"><div class=\"t m0 x0 h87 y1be8 fff6 fs3a fc2 sc0 ls1f ws33\">Net book v<span class=\"_ _2\"></span>alue:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2be9 w4d h8a\"><div class=\"t m0 x0 h87 y1c65 fff6 fs3a fc2 sc0 ls21 ws38\">At Nov<span class=\"_ _2\"></span>embe<span class=\"_ _2\"></span>r 30, <span class=\"_ _2\"></span>20<span class=\"ls66 ws9d\">24</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x28c y2be9 w20 h8a\"><div class=\"t m0 x179 h87 y1c65 fff6 fs3a fc2 sc0 ls23 ws39\">64,340<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2be9 w20 h8a\"><div class=\"t m0 x179 h87 y1c65 fff6 fs3a fc2 sc0 ls23 ws39\">80,413<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2be9 w8d h8a\"><div class=\"t m0 x17a h87 y1c65 fff6 fs3a fc2 sc0 ls21 ws35\">1,35<span class=\"_ _2\"></span>6,032<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2be9 w48 h8a\"><div class=\"t m0 x180 h87 y1c65 fff6 fs3a fc2 sc0 ls21 ws35\">289,<span class=\"_ _2\"></span>571<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2be9 w2a h8a\"><div class=\"t m0 x180 h87 y1c65 fff6 fs3a fc2 sc0 ls21 ws35\">863,<span class=\"_ _2\"></span>677<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2be9 w20 h8a\"><div class=\"t m0 x185 h87 y1c65 fff6 fs3a fc2 sc0 ls21 ws35\">9,77<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2be9 w20 h8a\"><div class=\"t m0 x180 h87 y1c65 fff6 fs3a fc2 sc0 ls21 ws35\">111,<span class=\"_ _2\"></span>240<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2be9 w34 h8a\"><div class=\"t m0 x17b h87 y1c65 fff6 fs3a fc2 sc0 ls76 wsb9\">2,775,044<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c9e w4d h86\"><div class=\"t m0 x0 h87 y1bef fff6 fs3a fc2 sc0 ls21 ws38\">At Nov<span class=\"_ _2\"></span>embe<span class=\"_ _2\"></span>r 30, <span class=\"_ _2\"></span>20<span class=\"ls66 ws9d\">25</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x28c y2c9e w20 h86\"><div class=\"t m0 x179 h87 y1bef fff6 fs3a fc2 sc0 ls23 ws39\">63,656<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2c9e w20 h86\"><div class=\"t m0 x179 h87 y1bef fff6 fs3a fc2 sc0 ls23 ws39\">83,065<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2c9e w8d h86\"><div class=\"t m0 x17a h87 y1bef fff6 fs3a fc2 sc0 ls21 ws35\">1,90<span class=\"_ _2\"></span>0,625<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2c9e w48 h86\"><div class=\"t m0 x180 h87 y1bef fff6 fs3a fc2 sc0 ls21 ws35\">355,<span class=\"_ _2\"></span>518<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2c9e w2a h86\"><div class=\"t m0 x180 h87 y1bef fff6 fs3a fc2 sc0 ls21 ws35\">880,<span class=\"_ _2\"></span>844<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c9e w20 h86\"><div class=\"t m0 x185 h87 y1bef fff6 fs3a fc2 sc0 ls21 ws35\">9,70<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c9e w20 h86\"><div class=\"t m0 x180 h87 y1bef fff6 fs3a fc2 sc0 ls21 ws35\">200,<span class=\"_ _2\"></span>764<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2c9e w34 h86\"><div class=\"t m0 x17b h87 y1bef fff6 fs3a fc2 sc0 ls76 wsb9\">3,494,<span class=\"ls81 wsc6\">177</span><span class=\"ls81 wsc6\"><span class=\"ls1 ws0\"> </span></span></div></td></tr></table>Right<span class=\"ls1 ws0\">-<span class=\"ls24 ws3b\">of</span>-u<span class=\"_ _1\"></span><span class=\"ls28 ws4d\">se Asse<span class=\"_ _2\"></span>ts<span class=\"ls1 ws0\"> </span></span></span>The bel<span class=\"_ _2\"></span>ow <span class=\"_ _2\"></span>table<span class=\"_ _2\"></span> shows<span class=\"_ _2\"></span> rig<span class=\"_ _2\"></span>ht<span class=\"ls1 ws0\">-<span class=\"ls60 ws4f\">of</span>-<span class=\"_ _1\"></span><span class=\"ls2f ws70\">use asse<span class=\"_ _2\"></span>ts, held u<span class=\"_ _2\"></span>nder lease ag<span class=\"_ _2\"></span>reements.<span class=\"ls1 ws0\"> </span></span></span><table class=\"s w17b h136\" id=\"_30c72afe-3e27-4f6f-99c0-d62a02782336\"><tr><td class=\"c x24b y2cb1 w8e hcc\"><div class=\"t m0 x0 h85 y2178 ff105 fs3b fc2 sc0 ls69 wsbc\">Cost<span class=\"_ _195\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c x2fe y2cb2 w174 h103\"><div class=\"t m0 x245 h82 y29a6 ff104 fs3b fc2 sc0 ls1e ws60\">Plant and<span class=\"_ _195\"> </span></div></td><td></td></tr><tr><td class=\"c x24b y2cb1 w8e hcc\"><div class=\"t m0 x0 h82 y1c67 ff104 fs3b fc2 sc0 ls1 ws0\">(<span class=\"ls2d ws4a\"></span><span class=\"ls2d ws4a\">in</span> <span class=\"ls1c ws30\">US </span>$ thousands) </div></td><td class=\"c x29d y2cb1 w20 hcc\"><div class=\"t m0 x1a0 h82 y1d8f ff104 fs3b fc2 sc0 ls7c wsc3\">Land<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2cb1 w20 hcc\"><div class=\"t m0 x179 h82 y1d8f ff104 fs3b fc2 sc0 ls2d ws4a\">Buildin<span class=\"_ _2\"></span>gs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2cb1 w8f hcc\"><div class=\"t m0 x19b h82 y1d8f ff104 fs3b fc2 sc0 ls1e ws2f\">Ships and <span class=\"ls1 ws0\">b<span class=\"ls3a ws9b\">arges</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2cb1 w8d hcc\"><div class=\"t m0 x19a h82 y1d8f ff104 fs3b fc2 sc0 ls1c ws30\">Tank <span class=\"ls1 ws0\">containers</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x302 y2cb3 w176 h103\"><div class=\"t m0 x245 h82 y29a6 ff104 fs3b fc2 sc0 ls1 ws0\">equipment<span class=\"_ _195\"> </span></div></td><td class=\"c x2fa y2cb1 w34 hcc\"><div class=\"t m0 x1a0 h82 y1d8f ff104 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2cb4 w8e h8c\"><div class=\"t m0 x0 h87 y1c38 ff105 fs3a fc2 sc0 ls1f ws33\">Balan<span class=\"_ _2\"></span>ce at Decemb<span class=\"_ _2\"></span>er 1, 202<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2cb4 w20 h8c\"><div class=\"t m0 x179 h87 y1c38 ff105 fs3a fc2 sc0 ls23 ws39\">89,568<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2cb4 w20 h8c\"><div class=\"t m0 x179 h87 y1c38 ff105 fs3a fc2 sc0 ls23 ws39\">20,823<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2cb4 w8f h8c\"><div class=\"t m0 x180 h87 y1c38 ff105 fs3a fc2 sc0 ls21 ws35\">114,<span class=\"_ _2\"></span>717<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2cb4 w8d h8c\"><div class=\"t m0 x180 h87 y1c38 ff105 fs3a fc2 sc0 ls21 ws35\">121,<span class=\"_ _2\"></span>942<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cb4 w48 h8c\"><div class=\"t m0 x179 h87 y1c38 ff105 fs3a fc2 sc0 ls23 ws39\">10,233<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cb4 w34 h8c\"><div class=\"t m0 x180 h87 y1c38 ff105 fs3a fc2 sc0 ls21 ws35\">357,<span class=\"_ _2\"></span>283<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cb5 w8e h86\"><div class=\"t m0 x0 h88 y1bef ff104 fs3a fc2 sc0 ls26 ws3d\">New leases and<span class=\"_ _1\"></span> other increases<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2cb5 w20 h86\"><div class=\"t m0 x184 h88 y1bef ff104 fs3a fc2 sc0 ls20 ws36\">2,511<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2cb5 w20 h86\"><div class=\"t m0 x183 h88 y1bef ff104 fs3a fc2 sc0 ls20 ws36\">10,628<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2cb5 w8f h86\"><div class=\"t m0 x181 h88 y1bef ff104 fs3a fc2 sc0 ls20 ws36\">147,736<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2cb5 w8d h86\"><div class=\"t m0 x183 h88 y1bef ff104 fs3a fc2 sc0 ls20 ws36\">39,983<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cb5 w48 h86\"><div class=\"t m0 x184 h88 y1bef ff104 fs3a fc2 sc0 ls20 ws36\">2,507<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cb5 w34 h86\"><div class=\"t m0 x181 h88 y1bef ff104 fs3a fc2 sc0 ls20 ws36\">203,365<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cb6 w8e h89\"><div class=\"t m0 x0 h88 y1bf4 ff104 fs3a fc2 sc0 ls26 ws3d\">Retirements and<span class=\"_ _1\"></span> other decreases<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2cb6 w24 h89\"><div class=\"t m0 x186 h88 y1bf4 ff104 fs3a fc2 sc0 ls20 ws36\">(1,123)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2cb6 w24 h89\"><div class=\"t m0 x186 h88 y1bf4 ff104 fs3a fc2 sc0 ls20 ws36\">(7,542)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2cb6 w7f h89\"><div class=\"t m0 x187 h88 y1bf4 ff104 fs3a fc2 sc0 ls20 ws36\">(24,089)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2cb6 w25 h89\"><div class=\"t m0 x187 h88 y1bf4 ff104 fs3a fc2 sc0 ls20 ws36\">(48,441)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cb6 w25 h89\"><div class=\"t m0 x186 h88 y1bf4 ff104 fs3a fc2 sc0 ls20 ws36\">(3,103)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cb6 w2c h89\"><div class=\"t m0 x187 h88 y1bf4 ff104 fs3a fc2 sc0 ls20 ws36\">(84,298)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cb7 w8e h8c\"><div class=\"t m0 x0 h88 y1c3f ff104 fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2cb7 w24 h8c\"><div class=\"t m0 x186 h88 y1c3f ff104 fs3a fc2 sc0 ls20 ws36\">(1,412)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2cb7 w20 h8c\"><div class=\"t m0 x171 h88 y1c3f ff104 fs3a fc2 sc0 ls20 ws36\">807<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2cb7 w7f h8c\"><div class=\"t m0 x188 h88 y1c3f ff104 fs3a fc2 sc0 ls20 ws36\">(813)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2cb7 w8d h8c\"><div class=\"t m0 xb6 h88 y1c3f ff104 fs3a fc2 sc0 ls1 ws0\">6<span class=\"_ _1\"></span> </div></td><td class=\"c x2f9 y2cb7 w25 h8c\"><div class=\"t m0 x188 h88 y1c3f ff104 fs3a fc2 sc0 ls20 ws36\">(496)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cb7 w2c h8c\"><div class=\"t m0 x186 h88 y1c3f ff104 fs3a fc2 sc0 ls20 ws36\">(1,908)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cb8 w8e ha4\"><div class=\"t m0 x0 h87 y1c4d ff105 fs3a fc2 sc0 ls23 wsc7\">Balance<span class=\"_ _1\"></span> at Nove<span class=\"_ _1\"></span>mber 30, 2024<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2cb8 w20 ha4\"><div class=\"t m0 x179 h87 y1c4d ff105 fs3a fc2 sc0 ls23 ws39\">89,544<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2cb8 w20 ha4\"><div class=\"t m0 x179 h87 y1c4d ff105 fs3a fc2 sc0 ls23 ws39\">24,716<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2cb8 w8f ha4\"><div class=\"t m0 x180 h87 y1c4d ff105 fs3a fc2 sc0 ls21 ws35\">237,<span class=\"_ _2\"></span>551<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2cb8 w8d ha4\"><div class=\"t m0 x180 h87 y1c4d ff105 fs3a fc2 sc0 ls21 ws35\">113,<span class=\"_ _2\"></span>490<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cb8 w48 ha4\"><div class=\"t m0 x185 h87 y1c4d ff105 fs3a fc2 sc0 ls21 ws35\">9,14<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cb8 w34 ha4\"><div class=\"t m0 x180 h87 y1c4d ff105 fs3a fc2 sc0 ls21 ws35\">474,<span class=\"_ _2\"></span>442<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cb9 w8e h86\"><div class=\"t m0 x0 h88 y1bfa ff104 fs3a fc2 sc0 ls26 ws3d\">New leases and<span class=\"_ _1\"></span> other increases<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2cb9 w20 h86\"><div class=\"t m0 x184 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">4,258<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2cb9 w20 h86\"><div class=\"t m0 x184 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">4,327<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2cb9 w8f h86\"><div class=\"t m0 x183 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">72,165<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2cb9 w8d h86\"><div class=\"t m0 x183 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">53,082<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cb9 w48 h86\"><div class=\"t m0 x184 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">1,727<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cb9 w34 h86\"><div class=\"t m0 x181 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">135,559<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cba w8e h89\"><div class=\"t m0 x0 h88 y1c50 ff104 fs3a fc2 sc0 ls24 ws3a\">Acquisition of Suttons Inter<span class=\"_ _2\"></span>national Holdings Limited<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2cba w20 h89\"><div class=\"t m0 x2d h88 y1c50 ff106 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff104\"> </span></div></td><td class=\"c x29e y2cba w20 h89\"><div class=\"t m0 x184 h88 y1c50 ff104 fs3a fc2 sc0 ls20 ws36\">3,907<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2cba w8f h89\"><div class=\"t m0 x2d h88 y1c50 ff106 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff104\"> </span></div></td><td class=\"c x2fb y2cba w8d h89\"><div class=\"t m0 x183 h88 y1c50 ff104 fs3a fc2 sc0 ls20 ws36\">11,005<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cba w48 h89\"><div class=\"t m0 x2d h88 y1c50 ff106 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff104\"> </span></div></td><td class=\"c x2fa y2cba w34 h89\"><div class=\"t m0 x183 h88 y1c50 ff104 fs3a fc2 sc0 ls20 ws36\">14,912<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cbb w8e h8c\"><div class=\"t m0 x0 h88 y1bf6 ff104 fs3a fc2 sc0 ls26 ws3d\">Retirements and<span class=\"_ _1\"></span> other decreases<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2cbb w24 h8c\"><div class=\"t m0 x186 h88 y1bf6 ff104 fs3a fc2 sc0 ls20 ws36\">(1,727)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2cbb w24 h8c\"><div class=\"t m0 x186 h88 y1bf6 ff104 fs3a fc2 sc0 ls20 ws36\">(3,643)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2cbb w7f h8c\"><div class=\"t m0 x187 h88 y1bf6 ff104 fs3a fc2 sc0 ls20 ws36\">(56,439)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2cbb w25 h8c\"><div class=\"t m0 x187 h88 y1bf6 ff104 fs3a fc2 sc0 ls20 ws36\">(53,223)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cbb w25 h8c\"><div class=\"t m0 x186 h88 y1bf6 ff104 fs3a fc2 sc0 ls20 ws36\">(1,630)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cbb w2c h8c\"><div class=\"t m0 x17f h88 y1bf6 ff104 fs3a fc2 sc0 ls20 ws36\">(116,662)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cbc w8e h86\"><div class=\"t m0 x0 h88 y1bf8 ff104 fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2cbc w20 h86\"><div class=\"t m0 x184 h88 y1bf8 ff104 fs3a fc2 sc0 ls20 ws36\">1,863<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2cbc w20 h86\"><div class=\"t m0 x184 h88 y1bf8 ff104 fs3a fc2 sc0 ls20 ws36\">1,646<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2cbc w8f h86\"><div class=\"t m0 x184 h88 y1bf8 ff104 fs3a fc2 sc0 ls20 ws36\">2,796<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2cbc w8d h86\"><div class=\"t m0 x2d h88 y1bf8 ff106 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff104\"> </span></div></td><td class=\"c x2f9 y2cbc w48 h86\"><div class=\"t m0 x171 h88 y1bf8 ff104 fs3a fc2 sc0 ls20 ws36\">560<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cbc w34 h86\"><div class=\"t m0 x184 h88 y1bf8 ff104 fs3a fc2 sc0 ls20 ws36\">6,865<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cbd w8e h86\"><div class=\"t m0 x0 h87 y1bde ff105 fs3a fc2 sc0 ls23 wsc7\">Balance<span class=\"_ _1\"></span> at Nove<span class=\"_ _1\"></span>mber 30, 2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29d y2cbd w20 h86\"><div class=\"t m0 x179 h87 y1bde ff105 fs3a fc2 sc0 ls23 ws39\">93,938<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2cbd w20 h86\"><div class=\"t m0 x179 h87 y1bde ff105 fs3a fc2 sc0 ls23 ws39\">30,953<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2cbd w8f h86\"><div class=\"t m0 x180 h87 y1bde ff105 fs3a fc2 sc0 ls21 ws35\">256,<span class=\"_ _2\"></span>073<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2cbd w8d h86\"><div class=\"t m0 x180 h87 y1bde ff105 fs3a fc2 sc0 ls21 ws35\">124,<span class=\"_ _2\"></span>354<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cbd w48 h86\"><div class=\"t m0 x185 h87 y1bde ff105 fs3a fc2 sc0 ls21 ws35\">9,79<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cbd w34 h86\"><div class=\"t m0 x180 h87 y1bde ff105 fs3a fc2 sc0 ls21 ws35\">515,<span class=\"_ _2\"></span>116<span class=\"ls1 ws0\"> </span></div></td></tr></table>During<span class=\"_ _2\"></span> 202<span class=\"_ _2\"></span>5 and<span class=\"_ _2\"></span> 202<span class=\"_ _2\"></span>4, the<span class=\"_ _2\"></span> Gr<span class=\"_ _2\"></span>oup e<span class=\"_ _2\"></span>ntered<span class=\"_ _2\"></span> into<span class=\"_ _2\"></span> le<span class=\"_ _2\"></span>ases f<span class=\"_ _2\"></span>or l<span class=\"_ _2\"></span>and,<span class=\"_ _2\"></span> off<span class=\"_ _2\"></span>ices,<span class=\"_ _2\"></span> ship<span class=\"_ _2\"></span>s, b<span class=\"_ _2\"></span>arge<span class=\"_ _2\"></span>s, tank<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntaine<span class=\"_ _2\"></span>rs an<span class=\"_ _2\"></span>d te<span class=\"_ _2\"></span>rminal<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> sea<span class=\"_ _2\"></span> fa<span class=\"_ _2\"></span><span class=\"ls31 ws51\">rm equipment. At November 30, 202<span class=\"ls1 ws0\">5</span></span>, the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up <span class=\"_ _2\"></span>has le<span class=\"_ _2\"></span>ases<span class=\"_ _2\"></span> expi<span class=\"_ _2\"></span>ring<span class=\"_ _2\"></span> fro<span class=\"_ _2\"></span>m 202<span class=\"_ _2\"></span><span class=\"ls1 ws0\">6 </span>to 2070.<span class=\"ls1 ws0\">  </span><table class=\"s w17a h135\" id=\"_4fe676e2-3285-4a74-a559-a11d03a4cb4a\"><tr><td class=\"c x24b y2c9f w90 h8e\"><div class=\"t m0 x0 h85 y1c49 ff105 fs3b fc2 sc0 ls1 wsc4\">Accumulated depreciation </div></td><td></td><td></td><td></td><td></td><td class=\"c x2fe y2ca0 w174 h115\"><div class=\"t m0 x245 h82 y29a6 ff104 fs3b fc2 sc0 ls1e ws60\">Plant and<span class=\"_ _195\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2ca1 w14a h121\"><div class=\"t m0 x245 h82 y29a6 ff104 fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2a3 h82 y29a7 ff104 fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x2ff y2c9f w48 h8e\"><div class=\"t m0 x1a0 h82 y1c8e ff104 fs3b fc2 sc0 ls7c wsc3\">Land<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2c9f w8d h8e\"><div class=\"t m0 x179 h82 y1c8e ff104 fs3b fc2 sc0 ls2d ws4a\">Buildin<span class=\"_ _2\"></span>gs<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2c9f w34 h8e\"><div class=\"t m0 x19b h82 y1c8e ff104 fs3b fc2 sc0 ls1e ws2f\">Ships and <span class=\"ls1 ws0\">b<span class=\"ls3a ws9b\">arges</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2c9f w20 h8e\"><div class=\"t m0 x19a h82 y1c8e ff104 fs3b fc2 sc0 ls1c ws30\">Tank <span class=\"ls1 ws0\">containers</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x302 y2ca2 w176 h115\"><div class=\"t m0 x245 h82 y29a6 ff104 fs3b fc2 sc0 ls1 ws0\">equipment<span class=\"_ _195\"> </span></div></td><td class=\"c x2fa y2c9f w34 h8e\"><div class=\"t m0 x1a0 h82 y1c8e ff104 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2ca3 w90 h86\"><div class=\"t m0 x0 h87 y1c4c ff105 fs3a fc2 sc0 ls1f ws33\">Balan<span class=\"_ _2\"></span>ce at Decemb<span class=\"_ _2\"></span>er 1, 202<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ca3 w48 h86\"><div class=\"t m0 x179 h87 y1c4c ff105 fs3a fc2 sc0 ls23 ws39\">10,782<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ca3 w8d h86\"><div class=\"t m0 x185 h87 y1c4c ff105 fs3a fc2 sc0 ls21 ws35\">8,68<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2ca3 w34 h86\"><div class=\"t m0 x179 h87 y1c4c ff105 fs3a fc2 sc0 ls23 ws39\">57,229<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2ca3 w20 h86\"><div class=\"t m0 x179 h87 y1c4c ff105 fs3a fc2 sc0 ls23 ws39\">47,686<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ca3 w20 h86\"><div class=\"t m0 x185 h87 y1c4c ff105 fs3a fc2 sc0 ls21 ws35\">4,63<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ca3 w34 h86\"><div class=\"t m0 x180 h87 y1c4c ff105 fs3a fc2 sc0 ls21 ws35\">129,<span class=\"_ _2\"></span>012<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ca4 w90 h86\"><div class=\"t m0 x0 h88 y1bfa ff104 fs3a fc2 sc0 ls26 ws3d\">Depreciation exp<span class=\"_ _1\"></span>ense <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ca4 w48 h86\"><div class=\"t m0 x184 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">3,738<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ca4 w8d h86\"><div class=\"t m0 x184 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">3,973<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2ca4 w34 h86\"><div class=\"t m0 x183 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">28,650<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2ca4 w20 h86\"><div class=\"t m0 x183 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">29,047<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ca4 w20 h86\"><div class=\"t m0 x184 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">1,879<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ca4 w34 h86\"><div class=\"t m0 x183 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">67,287<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ca5 w90 ha4\"><div class=\"t m0 x0 h88 y1c4d ff104 fs3a fc2 sc0 ls26 ws3d\">Retirements and<span class=\"_ _1\"></span> other decreases<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ca5 w25 ha4\"><div class=\"t m0 x188 h88 y1c4d ff104 fs3a fc2 sc0 ls20 ws36\">(844)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ca5 w25 ha4\"><div class=\"t m0 x186 h88 y1c4d ff104 fs3a fc2 sc0 ls20 ws36\">(6,157)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2ca5 w2c ha4\"><div class=\"t m0 x187 h88 y1c4d ff104 fs3a fc2 sc0 ls20 ws36\">(21,562)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2ca5 w24 ha4\"><div class=\"t m0 x187 h88 y1c4d ff104 fs3a fc2 sc0 ls20 ws36\">(21,537)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ca5 w2b ha4\"><div class=\"t m0 x186 h88 y1c4d ff104 fs3a fc2 sc0 ls20 ws36\">(2,630)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ca5 w56 ha4\"><div class=\"t m0 x187 h88 y1c4d ff104 fs3a fc2 sc0 ls20 ws36\">(52,730)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ca6 w90 h86\"><div class=\"t m0 x0 h88 y1bfa ff104 fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ca6 w25 h86\"><div class=\"t m0 x188 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">(148)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ca6 w8d h86\"><div class=\"t m0 x1 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">27<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2ca6 w2c h86\"><div class=\"t m0 x188 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">(457)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2ca6 w20 h86\"><div class=\"t m0 x1 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">12<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ca6 w2b h86\"><div class=\"t m0 x188 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">(267)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ca6 w56 h86\"><div class=\"t m0 x188 h88 y1bfa ff104 fs3a fc2 sc0 ls20 ws36\">(833)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ca7 w90 h86\"><div class=\"t m0 x0 h88 y1c05 ff104 fs3a fc2 sc0 ls25 ws3c\">Reclasses and other<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ca7 w25 h86\"><div class=\"t m0 x1be h88 y1c05 ff104 fs3a fc2 sc0 ls20 ws36\">(69)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ca7 w8d h86\"><div class=\"t m0 x171 h88 y1c05 ff104 fs3a fc2 sc0 ls20 ws36\">172<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2ca7 w34 h86\"><div class=\"t m0 x2d h88 y1c05 ff106 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff104\"> </span></div></td><td class=\"c x301 y2ca7 w20 h86\"><div class=\"t m0 x2d h88 y1c05 ff106 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff104\"> </span></div></td><td class=\"c x2f9 y2ca7 w20 h86\"><div class=\"t m0 x171 h88 y1c05 ff104 fs3a fc2 sc0 ls20 ws36\">111<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ca7 w34 h86\"><div class=\"t m0 x171 h88 y1c05 ff104 fs3a fc2 sc0 ls20 ws36\">214<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ca8 w90 h8a\"><div class=\"t m0 x0 h87 y1c03 ff105 fs3a fc2 sc0 ls23 wsc7\">Balance<span class=\"_ _1\"></span> at Nove<span class=\"_ _1\"></span>mber 30, 2024<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ca8 w48 h8a\"><div class=\"t m0 x179 h87 y1c03 ff105 fs3a fc2 sc0 ls23 ws39\">13,459<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ca8 w8d h8a\"><div class=\"t m0 x185 h87 y1c03 ff105 fs3a fc2 sc0 ls21 ws35\">6,69<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2ca8 w34 h8a\"><div class=\"t m0 x179 h87 y1c03 ff105 fs3a fc2 sc0 ls23 ws39\">63,860<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2ca8 w20 h8a\"><div class=\"t m0 x179 h87 y1c03 ff105 fs3a fc2 sc0 ls23 ws39\">55,208<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ca8 w20 h8a\"><div class=\"t m0 x185 h87 y1c03 ff105 fs3a fc2 sc0 ls21 ws35\">3,72<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ca8 w34 h8a\"><div class=\"t m0 x180 h87 y1c03 ff105 fs3a fc2 sc0 ls21 ws35\">142,<span class=\"_ _2\"></span>950<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ca9 w90 h86\"><div class=\"t m0 x0 h88 y1c05 ff104 fs3a fc2 sc0 ls26 ws3d\">Depreciation exp<span class=\"_ _1\"></span>ense <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ca9 w48 h86\"><div class=\"t m0 x184 h88 y1c05 ff104 fs3a fc2 sc0 ls20 ws36\">4,338<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ca9 w8d h86\"><div class=\"t m0 x184 h88 y1c05 ff104 fs3a fc2 sc0 ls20 ws36\">4,429<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2ca9 w34 h86\"><div class=\"t m0 x183 h88 y1c05 ff104 fs3a fc2 sc0 ls20 ws36\">37,843<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2ca9 w20 h86\"><div class=\"t m0 x183 h88 y1c05 ff104 fs3a fc2 sc0 ls20 ws36\">28,693<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ca9 w20 h86\"><div class=\"t m0 x184 h88 y1c05 ff104 fs3a fc2 sc0 ls20 ws36\">1,859<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ca9 w34 h86\"><div class=\"t m0 x183 h88 y1c05 ff104 fs3a fc2 sc0 ls20 ws36\">77,162<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2caa w90 h86\"><div class=\"t m0 x0 h88 y1bde ff104 fs3a fc2 sc0 ls26 ws3d\">Retirements and<span class=\"_ _1\"></span> other decreases<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2caa w25 h86\"><div class=\"t m0 x186 h88 y1bde ff104 fs3a fc2 sc0 ls20 ws36\">(1,045)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2caa w25 h86\"><div class=\"t m0 x186 h88 y1bde ff104 fs3a fc2 sc0 ls20 ws36\">(2,625)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2caa w2c h86\"><div class=\"t m0 x187 h88 y1bde ff104 fs3a fc2 sc0 ls20 ws36\">(48,050)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2caa w24 h86\"><div class=\"t m0 x187 h88 y1bde ff104 fs3a fc2 sc0 ls20 ws36\">(38,526)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2caa w2b h86\"><div class=\"t m0 x186 h88 y1bde ff104 fs3a fc2 sc0 ls20 ws36\">(1,383)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2caa w56 h86\"><div class=\"t m0 x187 h88 y1bde ff104 fs3a fc2 sc0 ls20 ws36\">(91,629)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cab w90 h8a\"><div class=\"t m0 x0 h88 y1c79 ff104 fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cab w48 h8a\"><div class=\"t m0 x171 h88 y1c79 ff104 fs3a fc2 sc0 ls20 ws36\">227<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2cab w8d h8a\"><div class=\"t m0 x171 h88 y1c79 ff104 fs3a fc2 sc0 ls20 ws36\">312<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2cab w34 h8a\"><div class=\"t m0 x184 h88 y1c79 ff104 fs3a fc2 sc0 ls20 ws36\">1,559<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2cab w20 h8a\"><div class=\"t m0 x171 h88 y1c79 ff104 fs3a fc2 sc0 ls20 ws36\">375<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cab w20 h8a\"><div class=\"t m0 x171 h88 y1c79 ff104 fs3a fc2 sc0 ls20 ws36\">197<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cab w34 h8a\"><div class=\"t m0 x184 h88 y1c79 ff104 fs3a fc2 sc0 ls20 ws36\">2,670<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cac w90 h86\"><div class=\"t m0 x0 h88 y1be2 ff104 fs3a fc2 sc0 ls25 ws3c\">Reclasses and other<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cac w48 h86\"><div class=\"t m0 xb6 h88 y1be2 ff104 fs3a fc2 sc0 ls1 ws0\">1<span class=\"_ _1\"></span> </div></td><td class=\"c x300 y2cac w25 h86\"><div class=\"t m0 x188 h88 y1be2 ff104 fs3a fc2 sc0 ls20 ws36\">(478)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2cac w34 h86\"><div class=\"t m0 x2d h88 y1be2 ff106 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff104\"> </span></div></td><td class=\"c x301 y2cac w20 h86\"><div class=\"t m0 x2d h88 y1be2 ff106 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff104\"> </span></div></td><td class=\"c x2f9 y2cac w2b h86\"><div class=\"t m0 x188 h88 y1be2 ff104 fs3a fc2 sc0 ls20 ws36\">(156)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cac w56 h86\"><div class=\"t m0 x188 h88 y1be2 ff104 fs3a fc2 sc0 ls20 ws36\">(633)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cad w90 h89\"><div class=\"t m0 x0 h87 y2112 ff105 fs3a fc2 sc0 ls2e ws6e\">Balance at<span class=\"ls1 ws0\"> <span class=\"ls23 wsc7\">Nov<span class=\"_ _1\"></span>ember 30, 20<span class=\"_ _1\"></span>25</span></span><span class=\"ls1 ws0\"><span class=\"ls23 wsc7\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2ff y2cad w48 h89\"><div class=\"t m0 x179 h87 y2112 ff105 fs3a fc2 sc0 ls23 ws39\">16,980<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2cad w8d h89\"><div class=\"t m0 x185 h87 y2112 ff105 fs3a fc2 sc0 ls21 ws35\">8,33<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2cad w34 h89\"><div class=\"t m0 x179 h87 y2112 ff105 fs3a fc2 sc0 ls23 ws39\">55,212<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2cad w20 h89\"><div class=\"t m0 x179 h87 y2112 ff105 fs3a fc2 sc0 ls23 ws39\">45,750<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cad w20 h89\"><div class=\"t m0 x185 h87 y2112 ff105 fs3a fc2 sc0 ls21 ws35\">4,24<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cad w34 h89\"><div class=\"t m0 x180 h87 y2112 ff105 fs3a fc2 sc0 ls21 ws35\">130,<span class=\"_ _2\"></span>520<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cae w90 h8a\"><div class=\"t m0 x0 h87 y1c65 ff105 fs3a fc2 sc0 ls1f ws33\">Net book v<span class=\"_ _2\"></span>alue:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2caf w90 h8a\"><div class=\"t m0 x0 h87 y1ee3 ff105 fs3a fc2 sc0 ls21 ws38\">At Nov<span class=\"_ _2\"></span>embe<span class=\"_ _2\"></span>r 30, <span class=\"_ _2\"></span>202<span class=\"_ _2\"></span><span class=\"ls1 ws0\">4</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2caf w48 h8a\"><div class=\"t m0 x179 h87 y1ee3 ff105 fs3a fc2 sc0 ls23 ws39\">76,085<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2caf w8d h8a\"><div class=\"t m0 x179 h87 y1ee3 ff105 fs3a fc2 sc0 ls23 ws39\">18,020<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2caf w34 h8a\"><div class=\"t m0 x180 h87 y1ee3 ff105 fs3a fc2 sc0 ls21 ws35\">173,<span class=\"_ _2\"></span>691<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2caf w20 h8a\"><div class=\"t m0 x179 h87 y1ee3 ff105 fs3a fc2 sc0 ls23 ws39\">58,282<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2caf w20 h8a\"><div class=\"t m0 x185 h87 y1ee3 ff105 fs3a fc2 sc0 ls21 ws35\">5,41<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2caf w34 h8a\"><div class=\"t m0 x180 h87 y1ee3 ff105 fs3a fc2 sc0 ls21 ws35\">331,<span class=\"_ _2\"></span>492<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cb0 w90 h8b\"><div class=\"t m0 x0 h87 y1c80 ff105 fs3a fc2 sc0 ls21 ws38\">At Nov<span class=\"_ _2\"></span>embe<span class=\"_ _2\"></span>r 30, <span class=\"_ _2\"></span>202<span class=\"_ _2\"></span><span class=\"ls1 ws0\">5</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cb0 w48 h8b\"><div class=\"t m0 x179 h87 y1c80 ff105 fs3a fc2 sc0 ls23 ws39\">76,958<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2cb0 w8d h8b\"><div class=\"t m0 x179 h87 y1c80 ff105 fs3a fc2 sc0 ls23 ws39\">22,619<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2cb0 w34 h8b\"><div class=\"t m0 x180 h87 y1c80 ff105 fs3a fc2 sc0 ls21 ws35\">200,<span class=\"_ _2\"></span>861<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2cb0 w20 h8b\"><div class=\"t m0 x179 h87 y1c80 ff105 fs3a fc2 sc0 ls23 ws39\">78,604<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cb0 w20 h8b\"><div class=\"t m0 x185 h87 y1c80 ff105 fs3a fc2 sc0 ls21 ws35\">5,55<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cb0 w34 h8b\"><div class=\"t m0 x180 h87 y1c80 ff105 fs3a fc2 sc0 ls21 ws35\">384,<span class=\"_ _2\"></span>596<span class=\"ls1 ws0\"> </span></div></td></tr></table><table class=\"s w173 h139\" id=\"_3ad87f3b-b425-41f5-b49e-037979807552\"><tr><td></td><td></td><td></td><td class=\"c x2d5 y2cd7 w2a hce\"><div class=\"t m0 x181 h82 y21d3 ff113 fs3b fc2 sc0 ls1 ws0\">Customer </div></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x304 h82 y2cd8 ff113 fs3b fc2 sc0 ls1 ws0\">relations/<span class=\"_ _195\"> </span></td><td class=\"c x301 y2cd7 w20 hce\"><div class=\"t m0 x181 h82 y21d5 ff113 fs3b fc2 sc0 ls1 ws0\">Computer </div></td><td></td><td></td></tr><tr><td class=\"c x246 y2cd9 w14a h102\"><div class=\"t m0 x245 h82 y29a6 ff113 fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2a3 h82 y29a7 ff113 fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x305 h82 y2cda ff113 fs3b fc2 sc0 ls2d ws4a\">Goodwill<span class=\"_ _195\"> </span></td><td class=\"c x300 y2cd7 w48 hce\"><div class=\"t m0 x180 h82 y20ce ff113 fs3b fc2 sc0 ls1e ws32\">Trademark<span class=\"ls1 ws0\"> </span></div></td><td class=\"t m0 x304 h82 y2cdb ff113 fs3b fc2 sc0 ls1 ws0\">contracts<span class=\"_ _195\"> </span></td><td class=\"t m0 x278 h82 y2cdb ff113 fs3b fc2 sc0 ls1 ws0\">software<span class=\"_ _195\"> </span></td><td class=\"t m0 x306 h82 y2cda ff113 fs3b fc2 sc0 ls1 ws0\">Other<span class=\"_ _195\"> </span></td><td class=\"t m0 x307 h82 y2cda ff113 fs3b fc2 sc0 ls1 ws0\">Total<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2cdc w93 h86\"><div class=\"t m0 x0 h87 y1c3e ff114 fs3a fc2 sc0 ls27 ws3f\">Cost:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2cdd w93 h89\"><div class=\"t m0 x0 h87 y1c3b ff114 fs3a fc2 sc0 ls2e ws5c\">Balance, <span class=\"ls1f ws3e\">December 1<span class=\"ls21 ws3b\">, 20<span class=\"ls66 ws9d\">23</span></span></span><span class=\"ls1f ws3e\"><span class=\"ls21 ws3b\"><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></span></span></div></td><td class=\"c x2ff y2cdd w8d h89\"><div class=\"t m0 x179 h87 y1c3b ff114 fs3a fc2 sc0 ls23 ws39\">33,301<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2cdd w48 h89\"><div class=\"t m0 x185 h87 y1c3b ff114 fs3a fc2 sc0 ls21 ws35\">1,35<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2cdd w2a h89\"><div class=\"t m0 x185 h87 y1c3b ff114 fs3a fc2 sc0 ls21 ws35\">7,11<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2cdd w20 h89\"><div class=\"t m0 x179 h87 y1c3b ff114 fs3a fc2 sc0 ls23 ws39\">63,233<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cdd w20 h89\"><div class=\"t m0 x185 h87 y1c3b ff114 fs3a fc2 sc0 ls21 ws35\">1,27<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cdd w55 h89\"><div class=\"t m0 x180 h87 y1c3b ff114 fs3a fc2 sc0 ls21 ws35\">106,<span class=\"_ _2\"></span>273<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cde w93 h8c\"><div class=\"t m0 x0 h88 y1c38 ff113 fs3a fc2 sc0 ls28 ws40\">Additio<span class=\"_ _2\"></span>ns<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cde w8d h8c\"><div class=\"t m0 x2d h88 y1c38 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cde w48 h8c\"><div class=\"t m0 x2d h88 y1c38 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2cde w2a h8c\"><div class=\"t m0 x2d h88 y1c38 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2cde w20 h8c\"><div class=\"t m0 x184 h88 y1c38 ff113 fs3a fc2 sc0 ls20 ws36\">8,219<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cde w20 h8c\"><div class=\"t m0 x1 h88 y1c38 ff113 fs3a fc2 sc0 ls20 ws36\">61<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cde w55 h8c\"><div class=\"t m0 x184 h88 y1c38 ff113 fs3a fc2 sc0 ls20 ws36\">8,280<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cdf w93 h86\"><div class=\"t m0 x0 h88 y1be8 ff113 fs3a fc2 sc0 ls25 ws3c\">Disposals and retirements<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cdf w8d h86\"><div class=\"t m0 x2d h88 y1be8 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cdf w25 h86\"><div class=\"t m0 x186 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">(1,357)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2cdf w2c h86\"><div class=\"t m0 x186 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">(7,111)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2cdf w2b h86\"><div class=\"t m0 x47 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">(329)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cdf w20 h86\"><div class=\"t m0 x2d h88 y1be8 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2fa y2cdf w56 h86\"><div class=\"t m0 x186 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">(8,797)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce0 w93 h86\"><div class=\"t m0 x0 h88 y1c3e ff113 fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ce0 w8d h86\"><div class=\"t m0 x193 h88 y1c3e ff113 fs3a fc2 sc0 ls20 ws36\">57<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ce0 w48 h86\"><div class=\"t m0 x2d h88 y1c3e ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2ce0 w2a h86\"><div class=\"t m0 x2d h88 y1c3e ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2ce0 w2b h86\"><div class=\"t m0 x186 h88 y1c3e ff113 fs3a fc2 sc0 ls20 ws36\">(2,767)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ce0 w20 h86\"><div class=\"t m0 x1 h88 y1c3e ff113 fs3a fc2 sc0 ls20 ws36\">59<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ce0 w56 h86\"><div class=\"t m0 x186 h88 y1c3e ff113 fs3a fc2 sc0 ls20 ws36\">(2,651)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce1 w93 h8a\"><div class=\"t m0 x0 h88 y1c3f ff113 fs3a fc2 sc0 ls25 ws41\">Reclasses <span class=\"ls24 ws3a\">and other</span><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2ce1 w8d h8a\"><div class=\"t m0 x2d h88 y1c3f ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2ce1 w48 h8a\"><div class=\"t m0 x2d h88 y1c3f ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2ce1 w2a h8a\"><div class=\"t m0 x2d h88 y1c3f ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2ce1 w20 h8a\"><div class=\"t m0 x2d h88 y1c3f ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2f9 y2ce1 w20 h8a\"><div class=\"t m0 x171 h88 y1c3f ff113 fs3a fc2 sc0 ls20 ws36\">114<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ce1 w55 h8a\"><div class=\"t m0 x1a0 h88 y1c3f ff113 fs3a fc2 sc0 ls20 ws36\">114<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce2 w93 h86\"><div class=\"t m0 x0 h87 y1bf4 ff114 fs3a fc2 sc0 ls21 ws38\">Bala<span class=\"_ _2\"></span>nce, N<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 30, 20<span class=\"_ _2\"></span><span class=\"ls66 ws9d\">24</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2ce2 w8d h86\"><div class=\"t m0 x179 h87 y1bf4 ff114 fs3a fc2 sc0 ls23 ws39\">33,358<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ce2 w48 h86\"><div class=\"t m0 xb6 h87 y1bf4 ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x2d5 y2ce2 w2a h86\"><div class=\"t m0 x2d h87 y1bf4 ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x301 y2ce2 w20 h86\"><div class=\"t m0 x179 h87 y1bf4 ff114 fs3a fc2 sc0 ls23 ws39\">68,356<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ce2 w20 h86\"><div class=\"t m0 x185 h87 y1bf4 ff114 fs3a fc2 sc0 ls21 ws35\">1,50<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ce2 w55 h86\"><div class=\"t m0 x180 h87 y1bf4 ff114 fs3a fc2 sc0 ls21 ws35\">103,<span class=\"_ _2\"></span>219<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce3 w93 h86\"><div class=\"t m0 x0 h88 y1bfa ff113 fs3a fc2 sc0 ls28 ws40\">Additio<span class=\"_ _2\"></span>ns<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ce3 w8d h86\"><div class=\"t m0 x2d h88 y1bfa ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2ce3 w48 h86\"><div class=\"t m0 x2d h88 y1bfa ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2ce3 w2a h86\"><div class=\"t m0 x2d h88 y1bfa ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2ce3 w20 h86\"><div class=\"t m0 x184 h88 y1bfa ff113 fs3a fc2 sc0 ls20 ws36\">9,350<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ce3 w20 h86\"><div class=\"t m0 x2d h88 y1bfa ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2fa y2ce3 w55 h86\"><div class=\"t m0 x184 h88 y1bfa ff113 fs3a fc2 sc0 ls20 ws36\">9,350<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce4 w93 h8c\"><div class=\"t m0 x0 h88 y1c4d ff113 fs3a fc2 sc0 ls24 ws3a\">Business combinations<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ce4 w8d h8c\"><div class=\"t m0 x183 h88 y1c4d ff113 fs3a fc2 sc0 ls20 ws36\">32,193<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ce4 w48 h8c\"><div class=\"t m0 x2d h88 y1c4d ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2ce4 w2a h8c\"><div class=\"t m0 x183 h88 y1c4d ff113 fs3a fc2 sc0 ls1 ws0\">10<span class=\"_ _3\"></span>,<span class=\"ls20 ws36\">21</span>8 </div></td><td class=\"c x301 y2ce4 w20 h8c\"><div class=\"t m0 x1a0 h88 y1c4d ff113 fs3a fc2 sc0 ls20 ws36\">695<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ce4 w20 h8c\"><div class=\"t m0 x2d h88 y1c4d ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2fa y2ce4 w55 h8c\"><div class=\"t m0 x183 h88 y1c4d ff113 fs3a fc2 sc0 ls20 ws36\">43,106<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce5 w93 h89\"><div class=\"t m0 x0 h88 y1bfa ff113 fs3a fc2 sc0 ls25 ws3c\">Disposals and retirements<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ce5 w8d h89\"><div class=\"t m0 x2d h88 y1bfa ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2ce5 w48 h89\"><div class=\"t m0 x2d h88 y1bfa ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2ce5 w2a h89\"><div class=\"t m0 x2d h88 y1bfa ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2ce5 w2b h89\"><div class=\"t m0 x186 h88 y1bfa ff113 fs3a fc2 sc0 ls20 ws36\">(2,808)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ce5 w20 h89\"><div class=\"t m0 x2d h88 y1bfa ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2fa y2ce5 w56 h89\"><div class=\"t m0 x186 h88 y1bfa ff113 fs3a fc2 sc0 ls20 ws36\">(2,808)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce6 w93 h8b\"><div class=\"t m0 x0 h88 y1c50 ff113 fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ce6 w8d h8b\"><div class=\"t m0 x184 h88 y1c50 ff113 fs3a fc2 sc0 ls20 ws36\">1,375<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ce6 w48 h8b\"><div class=\"t m0 x2d h88 y1c50 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2ce6 w2a h8b\"><div class=\"t m0 x2d h88 y1c50 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2ce6 w20 h8b\"><div class=\"t m0 x184 h88 y1c50 ff113 fs3a fc2 sc0 ls20 ws36\">1,804<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ce6 w20 h8b\"><div class=\"t m0 x171 h88 y1c50 ff113 fs3a fc2 sc0 ls20 ws36\">156<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ce6 w55 h8b\"><div class=\"t m0 x184 h88 y1c50 ff113 fs3a fc2 sc0 ls20 ws36\">3,335<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce7 w93 h8a\"><div class=\"t m0 x0 h88 y1c03 ff113 fs3a fc2 sc0 ls25 ws41\">Reclasses <span class=\"ls24 ws3a\">and other</span><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2ce7 w8d h8a\"><div class=\"t m0 x1a0 h88 y1c03 ff113 fs3a fc2 sc0 ls20 ws36\">128<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ce7 w48 h8a\"><div class=\"t m0 x2d h88 y1c03 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2ce7 w2a h8a\"><div class=\"t m0 x2d h88 y1c03 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2ce7 w20 h8a\"><div class=\"t m0 x193 h88 y1c03 ff113 fs3a fc2 sc0 ls20 ws36\">11<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ce7 w20 h8a\"><div class=\"t m0 x171 h88 y1c03 ff113 fs3a fc2 sc0 ls20 ws36\">307<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ce7 w55 h8a\"><div class=\"t m0 x1a0 h88 y1c03 ff113 fs3a fc2 sc0 ls20 ws36\">446<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce8 w93 h8c\"><div class=\"t m0 x0 h87 y1be0 ff114 fs3a fc2 sc0 ls21 ws38\">Bala<span class=\"_ _2\"></span>nce, N<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 30, 20<span class=\"_ _2\"></span><span class=\"ls66 ws9d\">25</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2ce8 w8d h8c\"><div class=\"t m0 x179 h87 y1be0 ff114 fs3a fc2 sc0 ls1 ws0\">6<span class=\"_ _1\"></span><span class=\"ls23 ws39\">7,054</span><span class=\"ls23 ws39\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x300 y2ce8 w48 h8c\"><div class=\"t m0 xb6 h87 y1be0 ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x2d5 y2ce8 w2a h8c\"><div class=\"t m0 x179 h87 y1be0 ff114 fs3a fc2 sc0 ls1 ws0\">1<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span><span class=\"ls66 ws9d\">21<span class=\"ls1 ws0\">8</span></span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x301 y2ce8 w20 h8c\"><div class=\"t m0 x179 h87 y1be0 ff114 fs3a fc2 sc0 ls23 ws39\">77,408<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ce8 w20 h8c\"><div class=\"t m0 x185 h87 y1be0 ff114 fs3a fc2 sc0 ls21 ws35\">1,96<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ce8 w55 h8c\"><div class=\"t m0 x180 h87 y1be0 ff114 fs3a fc2 sc0 ls21 ws35\">156,<span class=\"_ _2\"></span>648<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce9 w93 h86\"><div class=\"t m0 x0 h87 y1bde ff114 fs3a fc2 sc0 ls25 ws4d\">Accumulated amortisation:<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x246 y2ceb w17e h13a\"><div class=\"t m0 x245 h87 y2c4d ff114 fs3a fc2 sc0 ls2e ws5c\">Balance,<span class=\"_ _195\"> </span></div><div class=\"t m0 x308 h87 y2cea ff114 fs3a fc2 sc0 ls1f ws3e\">Decemb<span class=\"_ _2\"></span>er 1<span class=\"ls21 ws3b\">, 20<span class=\"ls66 ws9d\">23<span class=\"_ _195\"> </span></span></span></div></td><td class=\"t m0 x309 h87 y2cec ff114 fs3a fc2 sc0 ls23 ws39\">12,394<span class=\"_ _195\"> </span></td><td class=\"c x300 y2ced w48 h86\"><div class=\"t m0 x185 h87 y1c05 ff114 fs3a fc2 sc0 ls21 ws35\">1,35<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"t m0 x30a h87 y2cec ff114 fs3a fc2 sc0 ls21 ws35\">7,11<span class=\"_ _2\"></span>1<span class=\"_ _195\"> </span></td><td class=\"t m0 x278 h87 y2cec ff114 fs3a fc2 sc0 ls23 ws39\">44,077<span class=\"_ _195\"> </span></td><td class=\"t m0 x30b h87 y2cec ff114 fs3a fc2 sc0 ls21 ws35\">1,05<span class=\"_ _2\"></span>1<span class=\"_ _195\"> </span></td><td class=\"t m0 x30c h87 y2cec ff114 fs3a fc2 sc0 ls23 ws39\">65,990<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2cee w93 h8a\"><div class=\"t m0 x0 h88 y1be6 ff113 fs3a fc2 sc0 ls22 ws3e\">Amortisa<span class=\"_ _1\"></span>tion<span class=\"ls1 ws0\"> <span class=\"ls24 ws3a\">charge for the year</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cee w8d h8a\"><div class=\"t m0 x2d h88 y1be6 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cee w48 h8a\"><div class=\"t m0 x2d h88 y1be6 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2cee w2a h8a\"><div class=\"t m0 x2d h88 y1be6 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2cee w20 h8a\"><div class=\"t m0 x184 h88 y1be6 ff113 fs3a fc2 sc0 ls20 ws36\">4,341<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cee w20 h8a\"><div class=\"t m0 x2d h88 y1be6 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2fa y2cee w55 h8a\"><div class=\"t m0 x184 h88 y1be6 ff113 fs3a fc2 sc0 ls20 ws36\">4,341<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cef w93 h86\"><div class=\"t m0 x0 h88 y1be4 ff113 fs3a fc2 sc0 ls25 ws3c\">Disposals and retirements<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cef w8d h86\"><div class=\"t m0 x2d h88 y1be4 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cef w25 h86\"><div class=\"t m0 x186 h88 y1be4 ff113 fs3a fc2 sc0 ls20 ws36\">(1,357)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2cef w2c h86\"><div class=\"t m0 x186 h88 y1be4 ff113 fs3a fc2 sc0 ls20 ws36\">(7,111)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2cef w2b h86\"><div class=\"t m0 x47 h88 y1be4 ff113 fs3a fc2 sc0 ls20 ws36\">(146)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cef w20 h86\"><div class=\"t m0 x2d h88 y1be4 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2fa y2cef w56 h86\"><div class=\"t m0 x186 h88 y1be4 ff113 fs3a fc2 sc0 ls20 ws36\">(8,614)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cf0 w93 h86\"><div class=\"t m0 x0 h88 y1be2 ff113 fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x30d h88 y2cf1 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _195\"> </span></td><td class=\"c x300 y2cf0 w48 h86\"><div class=\"t m0 x2d h88 y1be2 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"t m0 x30e h88 y2cf1 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _195\"> </span></td><td class=\"t m0 x30f h88 y2cf1 ff113 fs3a fc2 sc0 ls20 ws36\">(1,076)<span class=\"_ _195\"> </span></td><td class=\"t m0 x2ad h88 y2cf1 ff113 fs3a fc2 sc0 ls20 ws36\">64<span class=\"_ _195\"> </span></td><td class=\"t m0 x310 h88 y2cf1 ff113 fs3a fc2 sc0 ls20 ws36\">(1,012)<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2cf2 w93 h8a\"><div class=\"t m0 x0 h88 y1c18 ff113 fs3a fc2 sc0 ls25 ws41\">Reclasses <span class=\"ls24 ws3a\">and other</span><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2cf2 w8d h8a\"><div class=\"t m0 x2d h88 y1c18 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cf2 w48 h8a\"><div class=\"t m0 x2d h88 y1c18 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2cf2 w2a h8a\"><div class=\"t m0 x2d h88 y1c18 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2cf2 w2b h8a\"><div class=\"t m0 x171 h88 y1c18 ff113 fs3a fc2 sc0 ls20 ws36\">(32)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cf2 w20 h8a\"><div class=\"t m0 x1 h88 y1c18 ff113 fs3a fc2 sc0 ls20 ws36\">91<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cf2 w55 h8a\"><div class=\"t m0 x193 h88 y1c18 ff113 fs3a fc2 sc0 ls20 ws36\">59<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cf3 w93 h86\"><div class=\"t m0 x0 h87 y1bea ff114 fs3a fc2 sc0 ls21 ws38\">Bala<span class=\"_ _2\"></span>nce, N<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 30, 20<span class=\"_ _2\"></span><span class=\"ls66 ws9d\">24</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2cf3 w8d h86\"><div class=\"t m0 x179 h87 y1bea ff114 fs3a fc2 sc0 ls23 ws39\">12,394<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2cf3 w48 h86\"><div class=\"t m0 xb6 h87 y1bea ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x2d5 y2cf3 w2a h86\"><div class=\"t m0 x2d h87 y1bea ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x301 y2cf3 w20 h86\"><div class=\"t m0 x179 h87 y1bea ff114 fs3a fc2 sc0 ls23 ws39\">47,164<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cf3 w20 h86\"><div class=\"t m0 x185 h87 y1bea ff114 fs3a fc2 sc0 ls21 ws35\">1,20<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cf3 w55 h86\"><div class=\"t m0 x179 h87 y1bea ff114 fs3a fc2 sc0 ls23 ws39\">60,764<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cf4 w93 h86\"><div class=\"t m0 x0 h88 y1be8 ff113 fs3a fc2 sc0 ls22 ws3e\">Amortisa<span class=\"_ _1\"></span>tion<span class=\"ls1 ws0\"> <span class=\"ls24 ws3a\">charge for the year</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cf4 w8d h86\"><div class=\"t m0 x2d h88 y1be8 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cf4 w48 h86\"><div class=\"t m0 x2d h88 y1be8 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2cf4 w2a h86\"><div class=\"t m0 x2d h88 y1be8 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2cf4 w20 h86\"><div class=\"t m0 x184 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">5,781<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cf4 w20 h86\"><div class=\"t m0 xb6 h88 y1be8 ff113 fs3a fc2 sc0 ls1 ws0\">3<span class=\"_ _1\"></span> </div></td><td class=\"c x2fa y2cf4 w55 h86\"><div class=\"t m0 x184 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">5,784<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cf5 w93 ha4\"><div class=\"t m0 x0 h88 y21ea ff113 fs3a fc2 sc0 ls25 ws3c\">Disposals and retirements<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cf5 w8d ha4\"><div class=\"t m0 x2d h88 y21ea ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cf5 w48 ha4\"><div class=\"t m0 x2d h88 y21ea ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2cf5 w2a ha4\"><div class=\"t m0 x2d h88 y21ea ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2cf5 w2b ha4\"><div class=\"t m0 x186 h88 y21ea ff113 fs3a fc2 sc0 ls20 ws36\">(2,064)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cf5 w20 ha4\"><div class=\"t m0 x2d h88 y21ea ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2fa y2cf5 w56 ha4\"><div class=\"t m0 x186 h88 y21ea ff113 fs3a fc2 sc0 ls20 ws36\">(2,064)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cf6 w93 h86\"><div class=\"t m0 x0 h88 y1be8 ff113 fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cf6 w8d h86\"><div class=\"t m0 x2d h88 y1be8 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cf6 w48 h86\"><div class=\"t m0 x2d h88 y1be8 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2cf6 w2a h86\"><div class=\"t m0 x2d h88 y1be8 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2cf6 w20 h86\"><div class=\"t m0 x1a0 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">962<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cf6 w20 h86\"><div class=\"t m0 x171 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">126<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cf6 w55 h86\"><div class=\"t m0 x184 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">1,088<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cf7 w93 h89\"><div class=\"t m0 x0 h88 y1bf4 ff113 fs3a fc2 sc0 ls25 ws41\">Reclasses <span class=\"ls24 ws3a\">and other</span><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2cf7 w8d h89\"><div class=\"t m0 x2d h88 y1bf4 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cf7 w48 h89\"><div class=\"t m0 x2d h88 y1bf4 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2cf7 w2a h89\"><div class=\"t m0 x2d h88 y1bf4 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2cf7 w20 h89\"><div class=\"t m0 x2d h88 y1bf4 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2f9 y2cf7 w20 h89\"><div class=\"t m0 x1 h88 y1bf4 ff113 fs3a fc2 sc0 ls20 ws36\">92<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cf7 w55 h89\"><div class=\"t m0 x193 h88 y1bf4 ff113 fs3a fc2 sc0 ls20 ws36\">92<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cf8 w93 h86\"><div class=\"t m0 x0 h87 y1bef ff114 fs3a fc2 sc0 ls21 ws38\">Bala<span class=\"_ _2\"></span>nce, N<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 30, 20<span class=\"_ _2\"></span><span class=\"ls66 ws9d\">25</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2cf8 w8d h86\"><div class=\"t m0 x179 h87 y1bef ff114 fs3a fc2 sc0 ls23 ws39\">12,394<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2cf8 w48 h86\"><div class=\"t m0 xb6 h87 y1bef ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x2d5 y2cf8 w2a h86\"><div class=\"t m0 x2d h87 y1bef ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x301 y2cf8 w20 h86\"><div class=\"t m0 x179 h87 y1bef ff114 fs3a fc2 sc0 ls23 ws39\">51,843<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cf8 w20 h86\"><div class=\"t m0 x185 h87 y1bef ff114 fs3a fc2 sc0 ls21 ws35\">1,42<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cf8 w55 h86\"><div class=\"t m0 x179 h87 y1bef ff114 fs3a fc2 sc0 ls23 ws39\">65,664<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cf9 w93 h8a\"><div class=\"t m0 x0 h87 y1c41 ff114 fs3a fc2 sc0 ls1f ws33\">Net book v<span class=\"_ _2\"></span>alue:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2cfa w93 h86\"><div class=\"t m0 x0 h87 y1bfa ff114 fs3a fc2 sc0 ls21 ws38\">At Nov<span class=\"_ _2\"></span>embe<span class=\"_ _2\"></span>r 30, <span class=\"_ _2\"></span>20<span class=\"ls66 ws9d\">24</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2cfa w8d h86\"><div class=\"t m0 x179 h87 y1bfa ff114 fs3a fc2 sc0 ls23 ws39\">20,964<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2cfa w48 h86\"><div class=\"t m0 xb6 h87 y1bfa ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x2d5 y2cfa w2a h86\"><div class=\"t m0 x2d h87 y1bfa ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x301 y2cfa w20 h86\"><div class=\"t m0 x179 h87 y1bfa ff114 fs3a fc2 sc0 ls23 ws39\">21,192<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cfa w20 h86\"><div class=\"t m0 x1a0 h87 y1bfa ff114 fs3a fc2 sc0 ls21 ws35\">299<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cfa w55 h86\"><div class=\"t m0 x179 h87 y1bfa ff114 fs3a fc2 sc0 ls23 ws39\">42,455<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cfb w93 h86\"><div class=\"t m0 x0 h87 y1bf8 ff114 fs3a fc2 sc0 ls21 ws38\">At Nov<span class=\"_ _2\"></span>embe<span class=\"_ _2\"></span>r 30, <span class=\"_ _2\"></span>20<span class=\"ls66 ws9d\">25</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2cfb w8d h86\"><div class=\"t m0 x179 h87 y1bf8 ff114 fs3a fc2 sc0 ls1 ws0\">5<span class=\"_ _1\"></span>4,<span class=\"_ _1\"></span><span class=\"ls66 ws9d\">66<span class=\"ls1 ws0\">0</span></span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x300 y2cfb w48 h86\"><div class=\"t m0 xb6 h87 y1bf8 ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x2d5 y2cfb w2a h86\"><div class=\"t m0 x179 h87 y1bf8 ff114 fs3a fc2 sc0 ls1 ws0\">1<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span><span class=\"ls66 ws9d\">21<span class=\"ls1 ws0\">8</span></span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x301 y2cfb w20 h86\"><div class=\"t m0 x179 h87 y1bf8 ff114 fs3a fc2 sc0 ls23 ws39\">25,565<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cfb w20 h86\"><div class=\"t m0 x1a0 h87 y1bf8 ff114 fs3a fc2 sc0 ls21 ws35\">541<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cfb w55 h86\"><div class=\"t m0 x179 h87 y1bf8 ff114 fs3a fc2 sc0 ls23 ws39\">90,984<span class=\"ls1 ws0\"> </span></div></td></tr></table>Other th<span class=\"_ _2\"></span>an goodw<span class=\"_ _2\"></span>ill,<span class=\"_ _2\"></span> a<span class=\"ls2f ws70\">ll int<span class=\"_ _2\"></span>angible asset<span class=\"_ _2\"></span>s were subj<span class=\"_ _2\"></span>ect to a<span class=\"ws75\">m<span class=\"_ _2\"></span>ortisation as of November<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">30, 2025 <span class=\"_ _2\"></span>and 2024.<span class=\"ls1 ws0\"> </span></span></span></span></span>The trad<span class=\"_ _2\"></span>emark<span class=\"_ _2\"></span> inta<span class=\"_ _2\"></span>ngible<span class=\"_ _2\"></span> was am<span class=\"_ _2\"></span>ortised<span class=\"_ _2\"></span> over a <span class=\"ls53 ws80\">te<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">year life and<span class=\"_ _2\"></span> is now <span class=\"_ _2\"></span>fully amortised<span class=\"_ _2\"></span></span>, <span class=\"_ _3\"></span><span class=\"ls2f ws70\">w<span class=\"_ _2\"></span>hile the </span></span></span>prio<span class=\"_ _2\"></span>r year<span class=\"_ _2\"></span> cus<span class=\"_ _2\"></span>tome<span class=\"_ _2\"></span>r rel<span class=\"_ _2\"></span>ations<span class=\"_ _2\"></span> an<span class=\"_ _2\"></span>d cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>s int<span class=\"_ _2\"></span>angib<span class=\"_ _2\"></span>les <span class=\"_ _2\"></span><span class=\"ls47 ws82\">had be<span class=\"_ _1\"></span>en <span class=\"_ _2\"></span><span class=\"ls30 ws52\">amorti<span class=\"_ _2\"></span>sed from<span class=\"_ _2\"></span> <span class=\"ls31 ws51\">t<span class=\"_ _1\"></span>wo t<span class=\"_ _2\"></span>o 14 years </span></span></span>and are now<span class=\"_ _2\"></span> fully amortised<span class=\"_ _2\"></span>. The<span class=\"_ _2\"></span> Suttons cus<span class=\"_ _2\"></span>tomer relations<span class=\"_ _2\"></span> intangible ass<span class=\"_ _2\"></span>et will be am<span class=\"_ _2\"></span>ortised o<span class=\"_ _2\"></span>ver ten years. Comp<span class=\"_ _2\"></span>uter softw<span class=\"_ _2\"></span>are is <span class=\"_ _2\"></span>being amortised o<span class=\"_ _2\"></span>ver an<span class=\"ls1 ws0\"> </span>average life<span class=\"_ _2\"></span> of three t<span class=\"_ _2\"></span>o<span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">ten</span> <span class=\"ls30 ws52\">years.<span class=\"_ _2\"></span></span> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-702": {
   "value": "(i<span class=\"ls1 ws0\">v<span class=\"ls4c wsaa\">) Impairment of t<span class=\"_ _2\"></span>angible and <span class=\"_ _2\"></span>intangible <span class=\"_ _2\"></span>assets with fin<span class=\"_ _2\"></span>ite useful lives<span class=\"_ _2\"></span></span> </span>Tangible assets and intangible assets with fi<span class=\"_ _2\"></span>nite lives are tested for impairment if there <span class=\"_ _2\"></span>are indications of im<span class=\"_ _2\"></span>pai<span class=\"_ _2\"></span>rment<span class=\"_ _2\"></span>. T<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>arryi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>amo<span class=\"_ _2\"></span>unt<span class=\"_ _2\"></span>s of t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>Gro<span class=\"_ _2\"></span>up\u2019s<span class=\"_ _2\"></span> tang<span class=\"_ _2\"></span>ibl<span class=\"_ _2\"></span>e and<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nite<span class=\"_ _2\"></span><span class=\"ffe4 ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls54 ws70\">li<span class=\"_ _2\"></span>ved intangible assets are </span></span>revie<span class=\"_ _2\"></span>wed<span class=\"_ _2\"></span> at e<span class=\"_ _2\"></span>ac<span class=\"_ _2\"></span>h bal<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> she<span class=\"_ _2\"></span>et d<span class=\"_ _2\"></span>ate t<span class=\"_ _2\"></span>o d<span class=\"_ _2\"></span>eterm<span class=\"_ _2\"></span>ine<span class=\"_ _2\"></span> w<span class=\"_ _2\"></span><span class=\"ls48 ws32\">hether th<span class=\"_ _2\"></span>ere is<span class=\"ls1 ws0\"> </span></span>any i<span class=\"_ _2\"></span>ndic<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on o<span class=\"_ _2\"></span>f imp<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>. If<span class=\"ls1 ws0\"> <span class=\"ffe5 ls49 wsaa\">any suc<span class=\"_ _2\"></span>h ind<span class=\"_ _2\"></span>icat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> exi<span class=\"_ _2\"></span>sts<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>et\u2019<span class=\"_ _2\"></span>s re<span class=\"_ _2\"></span>cover<span class=\"_ _2\"></span>abl<span class=\"_ _2\"></span>e am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> esti<span class=\"_ _2\"></span>mated<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> dete<span class=\"_ _2\"></span>rmi<span class=\"_ _2\"></span>ne t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>exte<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> </span></span>an<span class=\"_ _1\"></span>y im<span class=\"_ _1\"></span>pair<span class=\"_ _1\"></span>ment l<span class=\"_ _1\"></span>oss<span class=\"_ _1\"></span>. Wher<span class=\"_ _1\"></span>e the<span class=\"_ _1\"></span> ass<span class=\"_ _1\"></span>et doe<span class=\"_ _1\"></span>s not<span class=\"_ _1\"></span> gene<span class=\"_ _1\"></span>rate<span class=\"_ _1\"></span> cash<span class=\"_ _1\"></span> flows<span class=\"_ _1\"></span> tha<span class=\"_ _1\"></span>t are<span class=\"_ _1\"></span> inde<span class=\"_ _1\"></span>pende<span class=\"_ _1\"></span>nt fr<span class=\"_ _1\"></span>om o<span class=\"_ _1\"></span>ther asset<span class=\"_ _2\"></span>s, th<span class=\"_ _2\"></span><span class=\"ls49 wsaa\">e Gro<span class=\"_ _2\"></span>up e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>he r<span class=\"_ _2\"></span>eco<span class=\"_ _2\"></span>verab<span class=\"_ _2\"></span>le <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> ca<span class=\"_ _2\"></span>sh<span class=\"ls1 ws0\">-</span><span class=\"ws7c\">gener<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng u<span class=\"_ _2\"></span>nit<span class=\"ls1 ws0\"> <span class=\"ls4b ws77\">(CGU)<span class=\"_ _2\"></span></span> <span class=\"ls4b ws49\">to which<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he </span></span></span></span>asset<span class=\"_ _2\"></span> bel<span class=\"_ _2\"></span>ong<span class=\"_ _2\"></span>s. S<span class=\"_ _2\"></span>hip n<span class=\"_ _2\"></span>ewb<span class=\"_ _2\"></span>uild<span class=\"_ _2\"></span>ings<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> oth<span class=\"_ _2\"></span>er <span class=\"_ _2\"></span>asset<span class=\"_ _2\"></span>s u<span class=\"_ _2\"></span>nder<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ucti<span class=\"_ _2\"></span>on ar<span class=\"_ _2\"></span>e te<span class=\"_ _2\"></span>sted<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span> imp<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> when<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span>re i<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>n indi<span class=\"_ _2\"></span>cat<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>of im<span class=\"_ _2\"></span>pai<span class=\"_ _2\"></span>rme<span class=\"_ _2\"></span>nt. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> me<span class=\"_ _2\"></span>asure<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>he re<span class=\"_ _2\"></span>cov<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>able <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nt o<span class=\"_ _2\"></span>f as<span class=\"_ _2\"></span>set<span class=\"_ _2\"></span>s by<span class=\"_ _2\"></span> comp<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>heir<span class=\"_ _2\"></span> car<span class=\"_ _2\"></span>ryi<span class=\"_ _2\"></span>ng am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> wit<span class=\"_ _2\"></span>h t<span class=\"_ _2\"></span>he higher of their fair value less cost<span class=\"_ _2\"></span>s of<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">dispos<span class=\"_ _2\"></span>al (<span class=\"_ _2\"></span>FVLC<span class=\"_ _2\"></span>D) or<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue i<span class=\"_ _2\"></span>n use<span class=\"_ _2\"></span> (VI<span class=\"_ _2\"></span>U).<span class=\"_ _2\"></span></span> </span>FVLCD is d<span class=\"_ _2\"></span>etermi<span class=\"_ _2\"></span>ned as t<span class=\"_ _2\"></span>he amo<span class=\"_ _2\"></span>unt that<span class=\"_ _2\"></span> would be <span class=\"_ _2\"></span>obtain<span class=\"_ _2\"></span>ed from t<span class=\"_ _2\"></span>he sale <span class=\"_ _2\"></span>of the <span class=\"_ _2\"></span>asset i<span class=\"_ _2\"></span>n an orde<span class=\"_ _2\"></span>rly transaction between market p<span class=\"_ _2\"></span>articipants. FVLCD is<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">gen<span class=\"_ _2\"></span>erall<span class=\"_ _2\"></span>y d<span class=\"_ _2\"></span>eter<span class=\"_ _2\"></span>mi<span class=\"_ _2\"></span>ned a<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>he pr<span class=\"_ _2\"></span>ese<span class=\"_ _2\"></span>nt val<span class=\"_ _2\"></span>ue<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he </span></span>estimated future<span class=\"_ _2\"></span> cash flows expe<span class=\"_ _2\"></span>cted to <span class=\"_ _2\"></span>arise from the <span class=\"_ _2\"></span>cont<span class=\"ls49 wsaa\">inue<span class=\"_ _2\"></span>d <span class=\"_ _2\"></span>use of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> as<span class=\"_ _2\"></span>set<span class=\"_ _2\"></span>, i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> any<span class=\"_ _2\"></span> </span>expa<span class=\"_ _2\"></span>nsio<span class=\"_ _2\"></span>n pro<span class=\"_ _2\"></span>ject<span class=\"_ _2\"></span>s,<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> its<span class=\"_ _2\"></span> even<span class=\"_ _2\"></span>tual<span class=\"_ _2\"></span> di<span class=\"_ _2\"></span>spos<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>, usi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>assum<span class=\"_ _2\"></span>pti<span class=\"_ _2\"></span>ons t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> an i<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span>epen<span class=\"_ _2\"></span>dent<span class=\"_ _2\"></span> mark<span class=\"_ _2\"></span>et parti<span class=\"_ _2\"></span>cip<span class=\"_ _2\"></span>ant<span class=\"_ _2\"></span> may t<span class=\"_ _2\"></span>ake<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>o a<span class=\"_ _2\"></span>ccoun<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>. The<span class=\"_ _2\"></span>se c<span class=\"_ _2\"></span>ash f<span class=\"_ _2\"></span>lows<span class=\"_ _2\"></span> ar<span class=\"_ _2\"></span>e di<span class=\"_ _2\"></span>scou<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>d at<span class=\"_ _2\"></span> an<span class=\"ls1 ws0\"> </span>appr<span class=\"_ _2\"></span>opr<span class=\"_ _2\"></span>iate<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> arr<span class=\"_ _2\"></span>ive <span class=\"_ _2\"></span>at a net p<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>sent<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue o<span class=\"_ _2\"></span>f <span class=\"ls4b ws49\">t<span class=\"_ _2\"></span>he a<span class=\"_ _2\"></span>sset.<span class=\"_ _195\"> </span></span>VIU is det<span class=\"_ _2\"></span>ermined <span class=\"_ _2\"></span>as the p<span class=\"_ _2\"></span>resent <span class=\"_ _2\"></span>value of t<span class=\"_ _2\"></span>he est<span class=\"_ _2\"></span>imated f<span class=\"_ _2\"></span>uture ca<span class=\"_ _2\"></span>sh flo<span class=\"_ _2\"></span>ws expect<span class=\"_ _2\"></span>ed to ari<span class=\"_ _2\"></span>se fr<span class=\"_ _2\"></span>om the continued <span class=\"_ _2\"></span>use of t<span class=\"_ _2\"></span>he a<span class=\"_ _2\"></span>sset in its<span class=\"_ _2\"></span> prese<span class=\"_ _2\"></span>nt form <span class=\"_ _2\"></span>and it<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls54 ws70\">eventual di<span class=\"_ _2\"></span>sposal. VIU is determined by <span class=\"_ _2\"></span>applying </span></span>assu<span class=\"_ _2\"></span>mpti<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span> spec<span class=\"_ _2\"></span>ifi<span class=\"_ _2\"></span>c to<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Gro<span class=\"_ _2\"></span>up\u2019s<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntinu<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>use <span class=\"_ _2\"></span>a<span class=\"ffe9\">nd c<span class=\"_ _2\"></span>annot<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>ake<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>o acc<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> fut<span class=\"_ _2\"></span>ure <span class=\"_ _2\"></span>de<span class=\"_ _2\"></span>velop<span class=\"_ _2\"></span>me<span class=\"_ _2\"></span>nt. </span>These<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls49 ws7c\">assumpt<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>s are d<span class=\"_ _2\"></span>iff<span class=\"_ _2\"></span>erent<span class=\"_ _2\"></span> from<span class=\"_ _2\"></span> those<span class=\"_ _2\"></span> used i<span class=\"_ _2\"></span>n calc<span class=\"_ _2\"></span>ulat<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> fair val<span class=\"_ _2\"></span>ue a<span class=\"_ _2\"></span>nd con<span class=\"_ _2\"></span>seque<span class=\"_ _2\"></span>ntly<span class=\"_ _2\"></span> the val<span class=\"_ _2\"></span>ue<span class=\"_ _2\"></span> </span></span>in<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">use calc<span class=\"_ _2\"></span>ulat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> likel<span class=\"_ _2\"></span>y t<span class=\"_ _2\"></span>o gi<span class=\"_ _2\"></span>ve a d<span class=\"_ _2\"></span>iff<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>nt r<span class=\"_ _2\"></span>esult<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> a f<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue ca<span class=\"_ _2\"></span>lcul<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on.<span class=\"_ _2\"></span></span> </span>An imp<span class=\"_ _2\"></span>airm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss is<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> whe<span class=\"_ _2\"></span>neve<span class=\"_ _2\"></span>r the<span class=\"_ _2\"></span> ca<span class=\"_ _2\"></span>rryi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nt o<span class=\"_ _2\"></span>f a<span class=\"_ _2\"></span>n as<span class=\"_ _2\"></span>set o<span class=\"_ _2\"></span>r it<span class=\"_ _2\"></span>s <span class=\"ls53 ws80\">C<span class=\"_ _2\"></span>GU<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">exceeds its </span></span></span>reco<span class=\"_ _2\"></span>verab<span class=\"_ _2\"></span>le<span class=\"_ _2\"></span> amo<span class=\"_ _2\"></span>unt.<span class=\"_ _2\"></span> Imp<span class=\"_ _2\"></span>airme<span class=\"_ _2\"></span>nt <span class=\"_ _2\"></span>loss<span class=\"_ _2\"></span>es a<span class=\"_ _2\"></span>re r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d in t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> inc<span class=\"_ _2\"></span>ome s<span class=\"_ _2\"></span>tate<span class=\"_ _2\"></span>me<span class=\"_ _2\"></span>nt. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>An imp<span class=\"_ _2\"></span>airm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss, <span class=\"_ _2\"></span>othe<span class=\"_ _2\"></span>r t<span class=\"_ _2\"></span>han f<span class=\"_ _2\"></span>or g<span class=\"_ _2\"></span>ood<span class=\"_ _2\"></span>will<span class=\"_ _2\"></span>, i<span class=\"_ _2\"></span>s rev<span class=\"_ _2\"></span>ers<span class=\"_ _2\"></span>ed wh<span class=\"_ _2\"></span>en t<span class=\"_ _2\"></span>here<span class=\"_ _2\"></span> is <span class=\"_ _2\"></span>an i<span class=\"_ _2\"></span>ndic<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on t<span class=\"_ _2\"></span>hat t<span class=\"_ _2\"></span>he impairment loss may no longer exist <span class=\"_ _2\"></span>and there has been a<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">change i<span class=\"_ _2\"></span>n the estim<span class=\"_ _2\"></span>ates u<span class=\"_ _2\"></span>sed to d<span class=\"_ _2\"></span>etermin<span class=\"_ _2\"></span>e </span></span>the rec<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>rabl<span class=\"_ _2\"></span>e amo<span class=\"_ _2\"></span>unt.<span class=\"_ _195\"> </span>Good<span class=\"_ _2\"></span>will i<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>all<span class=\"_ _2\"></span>y re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>nised<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> cos<span class=\"_ _2\"></span>t a<span class=\"_ _2\"></span>nd i<span class=\"_ _2\"></span>s sub<span class=\"_ _2\"></span>seq<span class=\"_ _2\"></span>uentl<span class=\"_ _2\"></span>y m<span class=\"_ _2\"></span>easu<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>d at c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span> les<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>ny ac<span class=\"_ _2\"></span>cum<span class=\"_ _2\"></span>ulat<span class=\"_ _2\"></span>ed impairment losses. Goodwill is<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">allocat<span class=\"_ _2\"></span>ed t<span class=\"_ _2\"></span>o c<span class=\"_ _2\"></span>ash<span class=\"_ _2\"></span></span>-<span class=\"ls49 ws7c\">generat<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> unit<span class=\"_ _2\"></span>s</span> <span class=\"ls53 ws80\">(CGU</span>) <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">and<span class=\"_ _2\"></span> is <span class=\"_ _2\"></span>not <span class=\"_ _2\"></span>amor<span class=\"_ _2\"></span>tise<span class=\"_ _2\"></span>d b<span class=\"_ _2\"></span>ut i<span class=\"_ _2\"></span>s </span></span>teste<span class=\"_ _2\"></span>d a<span class=\"_ _2\"></span>nnual<span class=\"_ _2\"></span>ly f<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span> impai<span class=\"_ _2\"></span>rme<span class=\"_ _2\"></span>nt,<span class=\"_ _2\"></span> or m<span class=\"_ _2\"></span>ore f<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>quentl<span class=\"_ _2\"></span>y w<span class=\"_ _2\"></span>hen t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span>re i<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>n ind<span class=\"_ _2\"></span>icat<span class=\"_ _2\"></span>ion t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>at the<span class=\"_ _2\"></span> CGU<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> impai<span class=\"_ _2\"></span>red<span class=\"_ _2\"></span>. Wit<span class=\"_ _2\"></span>h re<span class=\"_ _2\"></span>spec<span class=\"_ _2\"></span>t t<span class=\"_ _2\"></span>o a<span class=\"_ _2\"></span>ssoci<span class=\"_ _2\"></span>at<span class=\"_ _2\"></span>es a<span class=\"_ _2\"></span>nd j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> ve<span class=\"_ _2\"></span>nture<span class=\"_ _2\"></span>s, t<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>arry<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>g amo<span class=\"_ _2\"></span>unt<span class=\"_ _2\"></span> of g<span class=\"_ _2\"></span>ood<span class=\"_ _2\"></span>will i<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>uded<span class=\"_ _2\"></span> in the carrying amount of<span class=\"_ _2\"></span> the i<span class=\"ls49 wsaa\">nv<span class=\"_ _2\"></span>estm<span class=\"_ _2\"></span>ent i<span class=\"_ _2\"></span>n th<span class=\"_ _2\"></span>e as<span class=\"_ _2\"></span>soci<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span> or j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> ve<span class=\"_ _2\"></span>nture<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></span>Goodwill is tested for impairment on <span class=\"_ _2\"></span>an annual basis for each CGU to which th<span class=\"_ _2\"></span>e goodwill is allocated. When goodwill is monitored at the<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">level<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>a gr<span class=\"_ _2\"></span>oup o<span class=\"_ _2\"></span>f C<span class=\"_ _2\"></span>GUs,<span class=\"_ _2\"></span> it i<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>est<span class=\"_ _2\"></span>ed f<span class=\"_ _2\"></span>or imp<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> le<span class=\"_ _2\"></span>vel.<span class=\"_ _2\"></span> </span></span>The Gro<span class=\"_ _2\"></span>up\u2019s<span class=\"_ _2\"></span> <span class=\"ff10e ls49 ws78\">unimp<span class=\"_ _2\"></span>aired<span class=\"_ _2\"></span> <span class=\"wsaa\">good<span class=\"_ _2\"></span>will<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>ates<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> Tank<span class=\"_ _2\"></span>ers<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> Tank<span class=\"_ _2\"></span> C<span class=\"_ _2\"></span>ontai<span class=\"_ _2\"></span>ner <span class=\"_ _2\"></span>segm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s.<span class=\"_ _195\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-676": {
   "value": "Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span>(i) Right<span class=\"ls1 ws0\">-<span class=\"ls6e wsb0\">of</span>-<span class=\"_ _1\"></span><span class=\"ls31 ws7d\">use assets<span class=\"ls1 ws0\"> </span></span></span>Right<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls53 ws80\">of</span>-<span class=\"ls49 wsaa\">use ass<span class=\"_ _2\"></span>ets a<span class=\"_ _2\"></span>re m<span class=\"_ _2\"></span>eas<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>d init<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span>ly at<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>st b<span class=\"_ _2\"></span>ased<span class=\"_ _2\"></span> on<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>asso<span class=\"_ _2\"></span>ciat<span class=\"_ _2\"></span>ed l<span class=\"_ _2\"></span>ease<span class=\"_ _2\"></span> li<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>ity,<span class=\"_ _2\"></span> adj<span class=\"_ _2\"></span>ust<span class=\"_ _2\"></span>ed f<span class=\"_ _2\"></span>or </span></span>any p<span class=\"_ _2\"></span>ayme<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span> made<span class=\"_ _2\"></span> bef<span class=\"_ _2\"></span>ore<span class=\"_ _2\"></span> ince<span class=\"_ _2\"></span>pt<span class=\"_ _2\"></span>ion, i<span class=\"_ _2\"></span>nit<span class=\"_ _2\"></span>ial d<span class=\"_ _2\"></span>ir<span class=\"_ _2\"></span>ect c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd an<span class=\"_ _2\"></span> est<span class=\"_ _2\"></span>imat<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> dis<span class=\"_ _2\"></span>ma<span class=\"_ _2\"></span>ntli<span class=\"_ _2\"></span>ng, r<span class=\"_ _2\"></span>emov<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> and restoration co<span class=\"_ _2\"></span>sts required i<span class=\"_ _2\"></span>n the term<span class=\"_ _2\"></span>s of the<span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">leas<span class=\"_ _2\"></span>e.</span> </span>Subse<span class=\"_ _2\"></span>que<span class=\"_ _2\"></span>nt t<span class=\"_ _2\"></span>o ini<span class=\"_ _2\"></span>tial<span class=\"_ _2\"></span> re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on, <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> <span class=\"ls2f ws2f\">depreci<span class=\"_ _2\"></span>ates the rig<span class=\"_ _2\"></span>ht<span class=\"ls1 ws0\">-<span class=\"ls55 ws73\">of</span>-<span class=\"_ _1\"></span><span class=\"ls48 ws32\">use asset<span class=\"_ _2\"></span>s over t<span class=\"_ _2\"></span>he term<span class=\"_ _2\"></span> of the<span class=\"_ _2\"></span> </span></span></span>leas<span class=\"_ _2\"></span>e or,<span class=\"_ _2\"></span> if<span class=\"_ _2\"></span> sho<span class=\"_ _2\"></span>rter<span class=\"_ _2\"></span>, th<span class=\"_ _2\"></span>e le<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span>d as<span class=\"_ _2\"></span>set\u2019<span class=\"_ _2\"></span>s re<span class=\"_ _2\"></span>mai<span class=\"_ _2\"></span>ning<span class=\"_ _2\"></span> eco<span class=\"_ _2\"></span>nomic<span class=\"_ _2\"></span> li<span class=\"_ _2\"></span>fe.<span class=\"_ _2\"></span><span class=\"fffe ls1 ws0\"> </span>(ii) Lease lia<span class=\"_ _2\"></span>bilities<span class=\"ls1 ws0\"> </span>In resp<span class=\"_ _2\"></span>ect of<span class=\"_ _2\"></span> le<span class=\"_ _2\"></span>ases <span class=\"_ _2\"></span>of lo<span class=\"_ _2\"></span>w<span class=\"ls1 ws0\">-<span class=\"ls49 wsaa\">value<span class=\"_ _2\"></span> it<span class=\"_ _2\"></span>ems a<span class=\"_ _2\"></span>nd t<span class=\"_ _2\"></span>hose<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>at ar<span class=\"_ _2\"></span>e le<span class=\"_ _2\"></span>ss t<span class=\"_ _2\"></span>han<span class=\"_ _2\"></span> 12 m<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>hs at<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>ncepti<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n of t<span class=\"_ _2\"></span>he </span></span>lease, th<span class=\"_ _2\"></span>e Group r<span class=\"_ _2\"></span>ecogni<span class=\"_ _2\"></span>ses an ex<span class=\"_ _2\"></span>pense <span class=\"_ _2\"></span>on a st<span class=\"_ _2\"></span>raight<span class=\"ls1 ws0\">-</span>line basi<span class=\"_ _2\"></span>s over t<span class=\"_ _2\"></span>he life <span class=\"_ _2\"></span>of the l<span class=\"_ _2\"></span>ease.<span class=\"_ _2\"></span> For all <span class=\"_ _2\"></span>other leas<span class=\"_ _2\"></span>es, t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>og<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>s a r<span class=\"_ _2\"></span>ig<span class=\"_ _2\"></span>ht<span class=\"ls1 ws0\">-<span class=\"ls53 ws80\">of</span>-</span><span class=\"ws7c\">use ass</span>e<span class=\"_ _2\"></span>t a<span class=\"_ _2\"></span>nd c<span class=\"_ _2\"></span>orre<span class=\"_ _2\"></span>spond<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> li<span class=\"_ _2\"></span>abili<span class=\"_ _2\"></span>ty at<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e d<span class=\"_ _2\"></span>ate t<span class=\"_ _2\"></span>he l<span class=\"_ _2\"></span>eas<span class=\"_ _2\"></span>ed asset<span class=\"_ _2\"></span> is <span class=\"_ _2\"></span>mad<span class=\"_ _2\"></span>e av<span class=\"_ _2\"></span>ailab<span class=\"_ _2\"></span>le <span class=\"_ _2\"></span>to t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Leas<span class=\"_ _2\"></span>e li<span class=\"_ _2\"></span>abili<span class=\"_ _2\"></span>tie<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e me<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>at t<span class=\"_ _2\"></span>he pr<span class=\"_ _2\"></span>ese<span class=\"_ _2\"></span>nt v<span class=\"_ _2\"></span>alue <span class=\"_ _2\"></span>of t<span class=\"_ _2\"></span>he f<span class=\"_ _2\"></span>ut<span class=\"_ _2\"></span>ure l<span class=\"_ _2\"></span>ease<span class=\"_ _2\"></span> paym<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s, ex<span class=\"_ _2\"></span>cl<span class=\"_ _2\"></span>uding<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span>ny payme<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng to<span class=\"_ _2\"></span> non<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span>lease<span class=\"_ _2\"></span> comp<span class=\"_ _2\"></span>one<span class=\"_ _2\"></span>nts.<span class=\"_ _2\"></span> Fut<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span> leas<span class=\"_ _2\"></span>e pa<span class=\"_ _2\"></span>yme<span class=\"_ _2\"></span>nts i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>ude op<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he ex<span class=\"_ _2\"></span>tent<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>hat it is reasonably certain that such <span class=\"_ _2\"></span>payments will be made. Th<span class=\"ls1 ws0\">e<span class=\"ff100\"> <span class=\"_ _1\"></span><span class=\"fffe ls49 wsaa\">p<span class=\"_ _2\"></span>aym<span class=\"_ _2\"></span>ents <span class=\"_ _2\"></span>are<span class=\"_ _2\"></span> disc<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>at t<span class=\"_ _2\"></span>he rat<span class=\"_ _2\"></span>e </span></span></span>impl<span class=\"_ _2\"></span>icit<span class=\"_ _2\"></span> in t<span class=\"_ _2\"></span>he l<span class=\"_ _2\"></span>eas<span class=\"_ _2\"></span>e or<span class=\"_ _2\"></span>, whe<span class=\"_ _2\"></span>re t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> ca<span class=\"_ _2\"></span>nnot<span class=\"_ _2\"></span> be m<span class=\"_ _2\"></span>ea<span class=\"_ _2\"></span>sured<span class=\"_ _2\"></span>, at<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span>n incr<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>ntal<span class=\"_ _2\"></span> bor<span class=\"_ _2\"></span>rowi<span class=\"_ _2\"></span>ng r<span class=\"_ _2\"></span>ate.<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span>Leas<span class=\"_ _2\"></span>e li<span class=\"_ _2\"></span>abili<span class=\"_ _2\"></span>tie<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e rem<span class=\"_ _2\"></span>ea<span class=\"_ _2\"></span>sured<span class=\"_ _2\"></span> whe<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span>re i<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>a ch<span class=\"_ _2\"></span>ange i<span class=\"_ _2\"></span>n f<span class=\"_ _2\"></span>utu<span class=\"_ _2\"></span>re l<span class=\"_ _2\"></span>ease p<span class=\"_ _2\"></span>aym<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s ari<span class=\"_ _2\"></span>sing<span class=\"_ _2\"></span> fr<span class=\"_ _2\"></span>om a<span class=\"_ _2\"></span> chang<span class=\"_ _2\"></span>e in<span class=\"_ _2\"></span> an<span class=\"_ _2\"></span> ind<span class=\"_ _2\"></span>ex or<span class=\"_ _2\"></span> rat<span class=\"_ _2\"></span>e or<span class=\"_ _2\"></span> if t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e Group<span class=\"_ _2\"></span> c<span class=\"_ _2\"></span>hang<span class=\"_ _2\"></span>es it<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>asse<span class=\"_ _2\"></span>ssme<span class=\"_ _2\"></span>nt <span class=\"_ _2\"></span>of w<span class=\"_ _2\"></span>hethe<span class=\"_ _2\"></span>r i<span class=\"_ _2\"></span>t wi<span class=\"_ _2\"></span>ll ex<span class=\"_ _2\"></span>erci<span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>an extension or termination option. When a lease li<span class=\"_ _2\"></span>ability is reme<span class=\"ls49 wsaa\">asur<span class=\"_ _2\"></span>ed i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>his <span class=\"_ _2\"></span>way<span class=\"_ _2\"></span>, a<span class=\"ff100 ls1 ws0\"> </span><span class=\"ls2f ws4e\">corresponding </span></span>adjust<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>t is<span class=\"_ _2\"></span> mad<span class=\"_ _2\"></span>e to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> car<span class=\"_ _2\"></span>ryi<span class=\"_ _2\"></span>ng v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> the r<span class=\"_ _2\"></span>igh<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\">-<span class=\"ls53 ws80\">of</span>-<span class=\"ls2f ws2f\">use asset, or i<span class=\"_ _2\"></span>s recorded to pr<span class=\"_ _2\"></span>ofit or lo<span class=\"_ _2\"></span>ss </span> </span>if t<span class=\"_ _2\"></span>he ca<span class=\"_ _2\"></span>rryi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nt o<span class=\"_ _2\"></span>f<span class=\"ff100 ls1 ws0\"> </span><span class=\"ls4b ws71\">the right<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls53 ws80\">of</span>-<span class=\"ls48 ws32\">use asset has<span class=\"_ _2\"></span> been red<span class=\"_ _2\"></span>uced t<span class=\"_ _2\"></span>o zero.<span class=\"_ _195\"> </span></span></span></span>Time c<span class=\"_ _2\"></span>ha<span class=\"_ _2\"></span>rter<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>ts i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>e t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> lease<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>a sp<span class=\"_ _2\"></span>eci<span class=\"_ _2\"></span>fic<span class=\"_ _2\"></span> ship<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> a <span class=\"_ _2\"></span>non<span class=\"ls1 ws0\">-<span class=\"ls53\">lease c<span class=\"_ _2\"></span>ompon<span class=\"_ _2\"></span>ent f<span class=\"_ _2\"></span>or cre<span class=\"_ _2\"></span>w, </span></span>mai<span class=\"_ _2\"></span>ntena<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> othe<span class=\"_ _2\"></span>r op<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>ens<span class=\"_ _2\"></span>es. W<span class=\"_ _2\"></span>hen <span class=\"_ _2\"></span>meas<span class=\"_ _2\"></span>uri<span class=\"_ _2\"></span>ng le<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span> liabi<span class=\"_ _2\"></span>liti<span class=\"_ _2\"></span>es<span class=\"_ _2\"></span>, th<span class=\"_ _2\"></span>e no<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\">-</span><span class=\"ws78\">leas<span class=\"_ _2\"></span>e </span>compo<span class=\"_ _2\"></span>nent<span class=\"_ _2\"></span> h<span class=\"_ _2\"></span>as bee<span class=\"_ _2\"></span>n s<span class=\"_ _2\"></span>epar<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> fr<span class=\"_ _2\"></span>om t<span class=\"_ _2\"></span>he le<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span> comp<span class=\"_ _2\"></span>one<span class=\"_ _2\"></span>nt b<span class=\"_ _2\"></span>ased<span class=\"_ _2\"></span> on i<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>rna<span class=\"ls30 ws73\">l<span class=\"_ _2\"></span> sourc<span class=\"_ _2\"></span>es of ship<span class=\"_ _2\"></span>s <span class=\"ls1 ws0\"> </span></span>of sim<span class=\"_ _2\"></span>il<span class=\"_ _2\"></span>ar cl<span class=\"_ _2\"></span>as<span class=\"_ _2\"></span>ses a<span class=\"_ _2\"></span>s the<span class=\"_ _2\"></span> s<span class=\"_ _2\"></span>hip <span class=\"_ _2\"></span>und<span class=\"_ _2\"></span>er co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>t.<span class=\"_ _2\"></span> The <span class=\"_ _2\"></span>non<span class=\"ls1 ws0\">-<span class=\"ls48 ws32\">lease<span class=\"_ _2\"></span> eleme<span class=\"_ _2\"></span>nt is rec<span class=\"_ _2\"></span>orded i<span class=\"_ _2\"></span>n </span>o</span><span class=\"ws78\">perati<span class=\"_ _2\"></span>ng </span>expenses <span class=\"_ _2\"></span>as the <span class=\"_ _2\"></span><span class=\"ls1 ws0\">s<span class=\"ls53\">ervice comp<span class=\"_ _2\"></span>onent <span class=\"_ _2\"></span>of le<span class=\"_ _2\"></span>ases.<span class=\"_ _2\"></span></span><span class=\"ff100\"> </span></span>Subse<span class=\"_ _2\"></span>que<span class=\"_ _2\"></span>nt t<span class=\"_ _2\"></span>o ini<span class=\"_ _2\"></span>tial<span class=\"_ _2\"></span> re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on, <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>ord<span class=\"_ _2\"></span>s an i<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>res<span class=\"_ _2\"></span>t c<span class=\"_ _2\"></span>harg<span class=\"_ _2\"></span>e in r<span class=\"_ _2\"></span>esp<span class=\"_ _2\"></span>ect<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he<span class=\"ls1 ws0\"> <span class=\"ls54 ws70\">lease liability. </span> </span>(iii) L<span class=\"_ _1\"></span>ease expenses<span class=\"ls1 ws0\"> </span>Short<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls49 wsaa\">term le<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span>s (d<span class=\"_ _2\"></span>efine<span class=\"_ _2\"></span>d <span class=\"_ _2\"></span>as les<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>han <span class=\"_ _2\"></span>one y<span class=\"_ _2\"></span>ear<span class=\"_ _2\"></span>) <span class=\"ws78\">a<span class=\"_ _2\"></span>nd</span></span> <span class=\"ls53 ws80\">low</span>-<span class=\"ls48 ws32\">value lease<span class=\"_ _2\"></span>s are exp<span class=\"_ _2\"></span>ensed i<span class=\"_ _2\"></span>n the i<span class=\"_ _2\"></span>ncome </span></span>stat<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt.<span class=\"ls1 ws0\"> </span>(<span class=\"_ _1\"></span><span class=\"ls4c wsaa\">iv<span class=\"_ _2\"></span>) Variable le<span class=\"_ _2\"></span>ase considerat<span class=\"_ _2\"></span>ion<span class=\"ls1 ws0\"> </span></span>The G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> oper<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>s <span class=\"ls46 ws6f\">ST<span class=\"_ _2\"></span>JS<span class=\"ls1 ws0\"> <span class=\"ls30 wsab\">and S<span class=\"_ _2\"></span>NAPS<span class=\"_ _2\"></span> Poo<span class=\"_ _2\"></span>l<span class=\"ls2f ws2f\">, deli<span class=\"_ _2\"></span>vering freight se<span class=\"_ _2\"></span>rvices to cu<span class=\"_ _2\"></span>stomers <span class=\"ls54 ws83\">in</span></span></span> <span class=\"ls4b ws49\">which e<span class=\"_ _2\"></span>xter<span class=\"_ _2\"></span>nal<span class=\"_ _2\"></span> </span></span></span>sh<span class=\"_ _1\"></span>ips pa<span class=\"_ _1\"></span>rti<span class=\"_ _1\"></span>cipa<span class=\"_ _1\"></span>te. T<span class=\"_ _1\"></span>he le<span class=\"_ _1\"></span>ase pa<span class=\"_ _1\"></span>yme<span class=\"_ _1\"></span>nts<span class=\"_ _1\"></span> to<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">extern<span class=\"_ _2\"></span>al p<span class=\"_ _2\"></span>arti<span class=\"_ _2\"></span>es ar<span class=\"_ _2\"></span>e e<span class=\"_ _2\"></span>ntire<span class=\"_ _2\"></span>ly v<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span> and t<span class=\"_ _2\"></span>her<span class=\"_ _2\"></span>efo<span class=\"_ _2\"></span>re <span class=\"_ _2\"></span>not </span></span>included when calculating the lease liability. The <span class=\"_ _2\"></span>variable lease payment<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">is inc<span class=\"_ _2\"></span>lude<span class=\"_ _2\"></span>d i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he inc<span class=\"_ _2\"></span>ome </span></span>stat<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt as <span class=\"ls1 ws0\">c<span class=\"ls2f ws92\">harter and lease expense</span>s<span class=\"ls5d ws92\">.<span class=\"_ _195\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-581": {
   "value": "16. Intangible Assets and Goodwill Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span>Good<span class=\"_ _2\"></span>will <span class=\"_ _2\"></span>rep<span class=\"_ _2\"></span>rese<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span> amo<span class=\"_ _2\"></span>unts <span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>sing<span class=\"_ _2\"></span> on t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> acqui<span class=\"_ _2\"></span>sit<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>subsi<span class=\"_ _2\"></span>di<span class=\"_ _2\"></span>arie<span class=\"_ _2\"></span>s, a<span class=\"_ _2\"></span>ssoci<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> vent<span class=\"_ _2\"></span>ur<span class=\"_ _2\"></span>es. Goodwill <span class=\"_ _2\"></span>arising o<span class=\"_ _2\"></span>n acqui<span class=\"_ _2\"></span>sition r<span class=\"_ _2\"></span>eprese<span class=\"_ _2\"></span>nts the dif<span class=\"_ _2\"></span>feren<span class=\"_ _2\"></span>ce betwe<span class=\"_ _2\"></span>en the c<span class=\"_ _2\"></span>ost of<span class=\"_ _2\"></span> the acq<span class=\"_ _2\"></span>uisition a<span class=\"_ _2\"></span>nd the<span class=\"_ _2\"></span> fair<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> net<span class=\"_ _2\"></span> ide<span class=\"_ _2\"></span>ntif<span class=\"_ _2\"></span>iab<span class=\"_ _2\"></span>le a<span class=\"_ _2\"></span>sse<span class=\"_ _2\"></span>ts a<span class=\"_ _2\"></span>cq<span class=\"_ _2\"></span>uired.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls61 wsac\">Identifiable intangible assets<span class=\"_ _2\"></span> are those that <span class=\"_ _2\"></span>can</span> <span class=\"_ _1\"></span><span class=\"ls48 ws72\">b<span class=\"_ _2\"></span>e </span></span>sold sep<span class=\"_ _2\"></span>arately, <span class=\"_ _2\"></span>or which<span class=\"_ _2\"></span> arise f<span class=\"_ _2\"></span>rom leg<span class=\"_ _2\"></span>al rights<span class=\"_ _2\"></span> regardl<span class=\"_ _2\"></span>ess of w<span class=\"_ _2\"></span>hether <span class=\"_ _2\"></span>those rig<span class=\"_ _2\"></span>hts are <span class=\"_ _2\"></span>separab<span class=\"_ _2\"></span>le.<span class=\"ls1 ws0\"> </span>Good<span class=\"_ _2\"></span>will i<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>all<span class=\"_ _2\"></span>y re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>nised<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> cos<span class=\"_ _2\"></span>t a<span class=\"_ _2\"></span>nd i<span class=\"_ _2\"></span>s sub<span class=\"_ _2\"></span>seq<span class=\"_ _2\"></span>uentl<span class=\"_ _2\"></span>y m<span class=\"_ _2\"></span>easu<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>d at c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span> les<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>ny ac<span class=\"_ _2\"></span>cum<span class=\"_ _2\"></span>ulat<span class=\"_ _2\"></span>ed impairment losses. Goodwill is<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">allocat<span class=\"_ _2\"></span>ed t<span class=\"_ _2\"></span>o c<span class=\"_ _2\"></span>ash<span class=\"_ _2\"></span></span>-<span class=\"ls49 ws7c\">generat<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> unit<span class=\"_ _2\"></span>s</span> <span class=\"ls53 ws80\">(CGU</span>) <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">and<span class=\"_ _2\"></span> is <span class=\"_ _2\"></span>not <span class=\"_ _2\"></span>amor<span class=\"_ _2\"></span>tise<span class=\"_ _2\"></span>d b<span class=\"_ _2\"></span>ut i<span class=\"_ _2\"></span>s </span></span>teste<span class=\"_ _2\"></span>d a<span class=\"_ _2\"></span>nnual<span class=\"_ _2\"></span>ly f<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span> impai<span class=\"_ _2\"></span>rme<span class=\"_ _2\"></span>nt,<span class=\"_ _2\"></span> or m<span class=\"_ _2\"></span>ore f<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>quentl<span class=\"_ _2\"></span>y w<span class=\"_ _2\"></span>hen t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span>re i<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>n ind<span class=\"_ _2\"></span>icat<span class=\"_ _2\"></span>ion t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>at the<span class=\"_ _2\"></span> CGU<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> impai<span class=\"_ _2\"></span>red<span class=\"_ _2\"></span>. Wit<span class=\"_ _2\"></span>h re<span class=\"_ _2\"></span>spec<span class=\"_ _2\"></span>t t<span class=\"_ _2\"></span>o a<span class=\"_ _2\"></span>ssoci<span class=\"_ _2\"></span>at<span class=\"_ _2\"></span>es a<span class=\"_ _2\"></span>nd j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> ve<span class=\"_ _2\"></span>nture<span class=\"_ _2\"></span>s, t<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>arry<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>g amo<span class=\"_ _2\"></span>unt<span class=\"_ _2\"></span> of g<span class=\"_ _2\"></span>ood<span class=\"_ _2\"></span>will i<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>uded<span class=\"_ _2\"></span> in the carrying amount of<span class=\"_ _2\"></span> the i<span class=\"ls49 wsaa\">nv<span class=\"_ _2\"></span>estm<span class=\"_ _2\"></span>ent i<span class=\"_ _2\"></span>n th<span class=\"_ _2\"></span>e as<span class=\"_ _2\"></span>soci<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span> or j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> ve<span class=\"_ _2\"></span>nture<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></span>Goodwill is tested for impairment on <span class=\"_ _2\"></span>an annual basis for each CGU to which th<span class=\"_ _2\"></span>e goodwill is allocated. When goodwill is monitored at the<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">level<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>a gr<span class=\"_ _2\"></span>oup o<span class=\"_ _2\"></span>f C<span class=\"_ _2\"></span>GUs,<span class=\"_ _2\"></span> it i<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>est<span class=\"_ _2\"></span>ed f<span class=\"_ _2\"></span>or imp<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> le<span class=\"_ _2\"></span>vel.<span class=\"_ _2\"></span> </span></span>The Gro<span class=\"_ _2\"></span>up\u2019s<span class=\"_ _2\"></span> <span class=\"ff10e ls49 ws78\">unimp<span class=\"_ _2\"></span>aired<span class=\"_ _2\"></span> <span class=\"wsaa\">good<span class=\"_ _2\"></span>will<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>ates<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> Tank<span class=\"_ _2\"></span>ers<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> Tank<span class=\"_ _2\"></span> C<span class=\"_ _2\"></span>ontai<span class=\"_ _2\"></span>ner <span class=\"_ _2\"></span>segm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s.<span class=\"_ _195\"> </span></span></span>In the ca<span class=\"_ _2\"></span>se of b<span class=\"_ _2\"></span>argain pu<span class=\"_ _2\"></span>rchases<span class=\"_ _2\"></span>, the exce<span class=\"_ _2\"></span>ss of <span class=\"_ _2\"></span>net ass<span class=\"_ _2\"></span>ets acqui<span class=\"_ _2\"></span>red o<span class=\"_ _2\"></span>ver the fair<span class=\"_ _2\"></span> value <span class=\"_ _2\"></span>of the consi<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on paid<span class=\"_ _2\"></span> arisi<span class=\"_ _2\"></span>ng on<span class=\"_ _2\"></span> an acq<span class=\"_ _2\"></span>uisi<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>on is<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">recognised i<span class=\"_ _2\"></span>n</span> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">o<span class=\"_ _2\"></span>the<span class=\"_ _2\"></span>r op<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ing i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> </span></span>st<span class=\"_ _1\"></span>atem<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span> in the<span class=\"_ _1\"></span> perio<span class=\"_ _1\"></span>d in<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>wh<span class=\"_ _1\"></span>ich<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>the<span class=\"_ _1\"></span> acqu<span class=\"_ _1\"></span>isit<span class=\"_ _1\"></span>ion is<span class=\"_ _1\"></span> com<span class=\"_ _1\"></span>ple<span class=\"_ _1\"></span>ted.<span class=\"_ _195\"> </span>Other<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ang<span class=\"_ _2\"></span>ible<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>ets <span class=\"_ _2\"></span>wit<span class=\"_ _2\"></span>h fi<span class=\"_ _2\"></span>nit<span class=\"_ _2\"></span>e li<span class=\"_ _2\"></span>ves t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> acq<span class=\"_ _2\"></span>uir<span class=\"_ _2\"></span>ed b<span class=\"_ _2\"></span>y the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up <span class=\"_ _2\"></span>are st<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> cos<span class=\"_ _2\"></span>t le<span class=\"_ _2\"></span>ss <span class=\"_ _2\"></span>accum<span class=\"_ _2\"></span>ulat<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>amor<span class=\"_ _2\"></span>tis<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n and<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>impai<span class=\"_ _2\"></span>rm<span class=\"_ _2\"></span>ent l<span class=\"_ _2\"></span>osse<span class=\"_ _2\"></span>s. A<span class=\"_ _2\"></span>mort<span class=\"_ _2\"></span>isa<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n of<span class=\"_ _2\"></span> cust<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>mer c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span>s is c<span class=\"_ _2\"></span>har<span class=\"_ _2\"></span>ged<span class=\"_ _2\"></span> to o<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng revenue o<span class=\"_ _2\"></span>ver the<span class=\"_ _2\"></span> life of<span class=\"_ _2\"></span> the <span class=\"ls2f ws2f\">cont<span class=\"_ _2\"></span>racts based on<span class=\"_ _2\"></span> the underlyi<span class=\"_ _2\"></span>ng cash f<span class=\"_ _2\"></span>lows. Other fi<span class=\"_ _2\"></span>nite<span class=\"ls1 ws0\">-<span class=\"ls49 wsaa\">lived i<span class=\"_ _2\"></span>nta<span class=\"_ _2\"></span>ngibl<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>are <span class=\"_ _2\"></span>charg<span class=\"_ _2\"></span>ed<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e st<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> unde<span class=\"_ _2\"></span>r op<span class=\"_ _2\"></span>era<span class=\"_ _2\"></span>ting<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>ens<span class=\"_ _2\"></span>es o<span class=\"_ _2\"></span>ver<span class=\"_ _2\"></span> the e<span class=\"_ _2\"></span>sti<span class=\"_ _2\"></span>mated<span class=\"_ _2\"></span> u<span class=\"_ _2\"></span>seful<span class=\"_ _2\"></span> liv<span class=\"_ _2\"></span>es of<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he </span></span></span>inta<span class=\"_ _2\"></span>ngibl<span class=\"_ _2\"></span>e a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span>s o<span class=\"_ _2\"></span>n a st<span class=\"_ _2\"></span>rai<span class=\"_ _2\"></span>ght<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls54 ws70\">li<span class=\"_ _2\"></span>ne basis. <span class=\"ls49 wsaa\">The<span class=\"_ _2\"></span> trad<span class=\"_ _2\"></span>ema<span class=\"_ _2\"></span>rk i<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span>angibl<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> was<span class=\"_ _2\"></span> amort<span class=\"_ _2\"></span>ise<span class=\"_ _2\"></span>d o<span class=\"_ _2\"></span>ver <span class=\"_ _2\"></span>a <span class=\"ls48 ws72\">ten<span class=\"ls1 ws0\">-</span></span></span>year lif<span class=\"ls1 ws0\">e,<span class=\"_ _1\"></span> <span class=\"ls48 ws32\">while t<span class=\"_ _2\"></span>he custo<span class=\"_ _2\"></span>mer rel<span class=\"_ _2\"></span>ations a<span class=\"_ _2\"></span>nd contr<span class=\"_ _2\"></span>act int<span class=\"_ _2\"></span>angibles we<span class=\"_ _2\"></span>re amor<span class=\"_ _2\"></span>tised fr<span class=\"_ _2\"></span>om tw<span class=\"_ _2\"></span>o to 14 <span class=\"_ _2\"></span>years.<span class=\"_ _2\"></span></span> <span class=\"_ _1\"></span><span class=\"ls4b ws77\">Bot<span class=\"_ _2\"></span>h </span></span></span></span>intangibles were retired during 2024.<span class=\"ls1 ws0\"> C<span class=\"ls53\">omputer s<span class=\"_ _2\"></span>oftware<span class=\"_ _2\"></span> is am<span class=\"_ _2\"></span>orti<span class=\"_ _2\"></span>sed ov<span class=\"_ _2\"></span>er a<span class=\"_ _2\"></span>n avera<span class=\"_ _2\"></span>ge lif<span class=\"_ _2\"></span>e of t<span class=\"_ _2\"></span>hree t<span class=\"_ _2\"></span>o <span class=\"ls61 ws89\">ten</span></span> <span class=\"ls48 ws72\">years</span>. </span>See Note 14 for the accounting p<span class=\"_ _2\"></span>olicy for the impairment of intangible assets wit<span class=\"_ _2\"></span>h finite lives.<span class=\"_ _195\"> </span>Intangi<span class=\"_ _2\"></span>ble<span class=\"_ _2\"></span> asse<span class=\"_ _2\"></span>ts a<span class=\"_ _2\"></span>re sh<span class=\"_ _2\"></span>own be<span class=\"_ _2\"></span>lo<span class=\"_ _2\"></span>w:<span class=\"ls1 ws0\"> </span><table class=\"s w173 h139\" id=\"_3ad87f3b-b425-41f5-b49e-037979807552\"><tr><td></td><td></td><td></td><td class=\"c x2d5 y2cd7 w2a hce\"><div class=\"t m0 x181 h82 y21d3 ff113 fs3b fc2 sc0 ls1 ws0\">Customer </div></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x304 h82 y2cd8 ff113 fs3b fc2 sc0 ls1 ws0\">relations/<span class=\"_ _195\"> </span></td><td class=\"c x301 y2cd7 w20 hce\"><div class=\"t m0 x181 h82 y21d5 ff113 fs3b fc2 sc0 ls1 ws0\">Computer </div></td><td></td><td></td></tr><tr><td class=\"c x246 y2cd9 w14a h102\"><div class=\"t m0 x245 h82 y29a6 ff113 fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2a3 h82 y29a7 ff113 fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x305 h82 y2cda ff113 fs3b fc2 sc0 ls2d ws4a\">Goodwill<span class=\"_ _195\"> </span></td><td class=\"c x300 y2cd7 w48 hce\"><div class=\"t m0 x180 h82 y20ce ff113 fs3b fc2 sc0 ls1e ws32\">Trademark<span class=\"ls1 ws0\"> </span></div></td><td class=\"t m0 x304 h82 y2cdb ff113 fs3b fc2 sc0 ls1 ws0\">contracts<span class=\"_ _195\"> </span></td><td class=\"t m0 x278 h82 y2cdb ff113 fs3b fc2 sc0 ls1 ws0\">software<span class=\"_ _195\"> </span></td><td class=\"t m0 x306 h82 y2cda ff113 fs3b fc2 sc0 ls1 ws0\">Other<span class=\"_ _195\"> </span></td><td class=\"t m0 x307 h82 y2cda ff113 fs3b fc2 sc0 ls1 ws0\">Total<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2cdc w93 h86\"><div class=\"t m0 x0 h87 y1c3e ff114 fs3a fc2 sc0 ls27 ws3f\">Cost:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2cdd w93 h89\"><div class=\"t m0 x0 h87 y1c3b ff114 fs3a fc2 sc0 ls2e ws5c\">Balance, <span class=\"ls1f ws3e\">December 1<span class=\"ls21 ws3b\">, 20<span class=\"ls66 ws9d\">23</span></span></span><span class=\"ls1f ws3e\"><span class=\"ls21 ws3b\"><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></span></span></div></td><td class=\"c x2ff y2cdd w8d h89\"><div class=\"t m0 x179 h87 y1c3b ff114 fs3a fc2 sc0 ls23 ws39\">33,301<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2cdd w48 h89\"><div class=\"t m0 x185 h87 y1c3b ff114 fs3a fc2 sc0 ls21 ws35\">1,35<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2cdd w2a h89\"><div class=\"t m0 x185 h87 y1c3b ff114 fs3a fc2 sc0 ls21 ws35\">7,11<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2cdd w20 h89\"><div class=\"t m0 x179 h87 y1c3b ff114 fs3a fc2 sc0 ls23 ws39\">63,233<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cdd w20 h89\"><div class=\"t m0 x185 h87 y1c3b ff114 fs3a fc2 sc0 ls21 ws35\">1,27<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cdd w55 h89\"><div class=\"t m0 x180 h87 y1c3b ff114 fs3a fc2 sc0 ls21 ws35\">106,<span class=\"_ _2\"></span>273<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cde w93 h8c\"><div class=\"t m0 x0 h88 y1c38 ff113 fs3a fc2 sc0 ls28 ws40\">Additio<span class=\"_ _2\"></span>ns<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cde w8d h8c\"><div class=\"t m0 x2d h88 y1c38 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cde w48 h8c\"><div class=\"t m0 x2d h88 y1c38 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2cde w2a h8c\"><div class=\"t m0 x2d h88 y1c38 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2cde w20 h8c\"><div class=\"t m0 x184 h88 y1c38 ff113 fs3a fc2 sc0 ls20 ws36\">8,219<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cde w20 h8c\"><div class=\"t m0 x1 h88 y1c38 ff113 fs3a fc2 sc0 ls20 ws36\">61<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cde w55 h8c\"><div class=\"t m0 x184 h88 y1c38 ff113 fs3a fc2 sc0 ls20 ws36\">8,280<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cdf w93 h86\"><div class=\"t m0 x0 h88 y1be8 ff113 fs3a fc2 sc0 ls25 ws3c\">Disposals and retirements<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cdf w8d h86\"><div class=\"t m0 x2d h88 y1be8 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cdf w25 h86\"><div class=\"t m0 x186 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">(1,357)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2cdf w2c h86\"><div class=\"t m0 x186 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">(7,111)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2cdf w2b h86\"><div class=\"t m0 x47 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">(329)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cdf w20 h86\"><div class=\"t m0 x2d h88 y1be8 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2fa y2cdf w56 h86\"><div class=\"t m0 x186 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">(8,797)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce0 w93 h86\"><div class=\"t m0 x0 h88 y1c3e ff113 fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ce0 w8d h86\"><div class=\"t m0 x193 h88 y1c3e ff113 fs3a fc2 sc0 ls20 ws36\">57<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ce0 w48 h86\"><div class=\"t m0 x2d h88 y1c3e ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2ce0 w2a h86\"><div class=\"t m0 x2d h88 y1c3e ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2ce0 w2b h86\"><div class=\"t m0 x186 h88 y1c3e ff113 fs3a fc2 sc0 ls20 ws36\">(2,767)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ce0 w20 h86\"><div class=\"t m0 x1 h88 y1c3e ff113 fs3a fc2 sc0 ls20 ws36\">59<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ce0 w56 h86\"><div class=\"t m0 x186 h88 y1c3e ff113 fs3a fc2 sc0 ls20 ws36\">(2,651)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce1 w93 h8a\"><div class=\"t m0 x0 h88 y1c3f ff113 fs3a fc2 sc0 ls25 ws41\">Reclasses <span class=\"ls24 ws3a\">and other</span><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2ce1 w8d h8a\"><div class=\"t m0 x2d h88 y1c3f ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2ce1 w48 h8a\"><div class=\"t m0 x2d h88 y1c3f ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2ce1 w2a h8a\"><div class=\"t m0 x2d h88 y1c3f ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2ce1 w20 h8a\"><div class=\"t m0 x2d h88 y1c3f ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2f9 y2ce1 w20 h8a\"><div class=\"t m0 x171 h88 y1c3f ff113 fs3a fc2 sc0 ls20 ws36\">114<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ce1 w55 h8a\"><div class=\"t m0 x1a0 h88 y1c3f ff113 fs3a fc2 sc0 ls20 ws36\">114<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce2 w93 h86\"><div class=\"t m0 x0 h87 y1bf4 ff114 fs3a fc2 sc0 ls21 ws38\">Bala<span class=\"_ _2\"></span>nce, N<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 30, 20<span class=\"_ _2\"></span><span class=\"ls66 ws9d\">24</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2ce2 w8d h86\"><div class=\"t m0 x179 h87 y1bf4 ff114 fs3a fc2 sc0 ls23 ws39\">33,358<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ce2 w48 h86\"><div class=\"t m0 xb6 h87 y1bf4 ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x2d5 y2ce2 w2a h86\"><div class=\"t m0 x2d h87 y1bf4 ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x301 y2ce2 w20 h86\"><div class=\"t m0 x179 h87 y1bf4 ff114 fs3a fc2 sc0 ls23 ws39\">68,356<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ce2 w20 h86\"><div class=\"t m0 x185 h87 y1bf4 ff114 fs3a fc2 sc0 ls21 ws35\">1,50<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ce2 w55 h86\"><div class=\"t m0 x180 h87 y1bf4 ff114 fs3a fc2 sc0 ls21 ws35\">103,<span class=\"_ _2\"></span>219<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce3 w93 h86\"><div class=\"t m0 x0 h88 y1bfa ff113 fs3a fc2 sc0 ls28 ws40\">Additio<span class=\"_ _2\"></span>ns<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ce3 w8d h86\"><div class=\"t m0 x2d h88 y1bfa ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2ce3 w48 h86\"><div class=\"t m0 x2d h88 y1bfa ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2ce3 w2a h86\"><div class=\"t m0 x2d h88 y1bfa ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2ce3 w20 h86\"><div class=\"t m0 x184 h88 y1bfa ff113 fs3a fc2 sc0 ls20 ws36\">9,350<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ce3 w20 h86\"><div class=\"t m0 x2d h88 y1bfa ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2fa y2ce3 w55 h86\"><div class=\"t m0 x184 h88 y1bfa ff113 fs3a fc2 sc0 ls20 ws36\">9,350<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce4 w93 h8c\"><div class=\"t m0 x0 h88 y1c4d ff113 fs3a fc2 sc0 ls24 ws3a\">Business combinations<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ce4 w8d h8c\"><div class=\"t m0 x183 h88 y1c4d ff113 fs3a fc2 sc0 ls20 ws36\">32,193<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ce4 w48 h8c\"><div class=\"t m0 x2d h88 y1c4d ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2ce4 w2a h8c\"><div class=\"t m0 x183 h88 y1c4d ff113 fs3a fc2 sc0 ls1 ws0\">10<span class=\"_ _3\"></span>,<span class=\"ls20 ws36\">21</span>8 </div></td><td class=\"c x301 y2ce4 w20 h8c\"><div class=\"t m0 x1a0 h88 y1c4d ff113 fs3a fc2 sc0 ls20 ws36\">695<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ce4 w20 h8c\"><div class=\"t m0 x2d h88 y1c4d ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2fa y2ce4 w55 h8c\"><div class=\"t m0 x183 h88 y1c4d ff113 fs3a fc2 sc0 ls20 ws36\">43,106<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce5 w93 h89\"><div class=\"t m0 x0 h88 y1bfa ff113 fs3a fc2 sc0 ls25 ws3c\">Disposals and retirements<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ce5 w8d h89\"><div class=\"t m0 x2d h88 y1bfa ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2ce5 w48 h89\"><div class=\"t m0 x2d h88 y1bfa ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2ce5 w2a h89\"><div class=\"t m0 x2d h88 y1bfa ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2ce5 w2b h89\"><div class=\"t m0 x186 h88 y1bfa ff113 fs3a fc2 sc0 ls20 ws36\">(2,808)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ce5 w20 h89\"><div class=\"t m0 x2d h88 y1bfa ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2fa y2ce5 w56 h89\"><div class=\"t m0 x186 h88 y1bfa ff113 fs3a fc2 sc0 ls20 ws36\">(2,808)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce6 w93 h8b\"><div class=\"t m0 x0 h88 y1c50 ff113 fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ce6 w8d h8b\"><div class=\"t m0 x184 h88 y1c50 ff113 fs3a fc2 sc0 ls20 ws36\">1,375<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ce6 w48 h8b\"><div class=\"t m0 x2d h88 y1c50 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2ce6 w2a h8b\"><div class=\"t m0 x2d h88 y1c50 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2ce6 w20 h8b\"><div class=\"t m0 x184 h88 y1c50 ff113 fs3a fc2 sc0 ls20 ws36\">1,804<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ce6 w20 h8b\"><div class=\"t m0 x171 h88 y1c50 ff113 fs3a fc2 sc0 ls20 ws36\">156<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ce6 w55 h8b\"><div class=\"t m0 x184 h88 y1c50 ff113 fs3a fc2 sc0 ls20 ws36\">3,335<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce7 w93 h8a\"><div class=\"t m0 x0 h88 y1c03 ff113 fs3a fc2 sc0 ls25 ws41\">Reclasses <span class=\"ls24 ws3a\">and other</span><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2ce7 w8d h8a\"><div class=\"t m0 x1a0 h88 y1c03 ff113 fs3a fc2 sc0 ls20 ws36\">128<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ce7 w48 h8a\"><div class=\"t m0 x2d h88 y1c03 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2ce7 w2a h8a\"><div class=\"t m0 x2d h88 y1c03 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2ce7 w20 h8a\"><div class=\"t m0 x193 h88 y1c03 ff113 fs3a fc2 sc0 ls20 ws36\">11<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ce7 w20 h8a\"><div class=\"t m0 x171 h88 y1c03 ff113 fs3a fc2 sc0 ls20 ws36\">307<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ce7 w55 h8a\"><div class=\"t m0 x1a0 h88 y1c03 ff113 fs3a fc2 sc0 ls20 ws36\">446<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce8 w93 h8c\"><div class=\"t m0 x0 h87 y1be0 ff114 fs3a fc2 sc0 ls21 ws38\">Bala<span class=\"_ _2\"></span>nce, N<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 30, 20<span class=\"_ _2\"></span><span class=\"ls66 ws9d\">25</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2ce8 w8d h8c\"><div class=\"t m0 x179 h87 y1be0 ff114 fs3a fc2 sc0 ls1 ws0\">6<span class=\"_ _1\"></span><span class=\"ls23 ws39\">7,054</span><span class=\"ls23 ws39\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x300 y2ce8 w48 h8c\"><div class=\"t m0 xb6 h87 y1be0 ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x2d5 y2ce8 w2a h8c\"><div class=\"t m0 x179 h87 y1be0 ff114 fs3a fc2 sc0 ls1 ws0\">1<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span><span class=\"ls66 ws9d\">21<span class=\"ls1 ws0\">8</span></span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x301 y2ce8 w20 h8c\"><div class=\"t m0 x179 h87 y1be0 ff114 fs3a fc2 sc0 ls23 ws39\">77,408<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ce8 w20 h8c\"><div class=\"t m0 x185 h87 y1be0 ff114 fs3a fc2 sc0 ls21 ws35\">1,96<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ce8 w55 h8c\"><div class=\"t m0 x180 h87 y1be0 ff114 fs3a fc2 sc0 ls21 ws35\">156,<span class=\"_ _2\"></span>648<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce9 w93 h86\"><div class=\"t m0 x0 h87 y1bde ff114 fs3a fc2 sc0 ls25 ws4d\">Accumulated amortisation:<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x246 y2ceb w17e h13a\"><div class=\"t m0 x245 h87 y2c4d ff114 fs3a fc2 sc0 ls2e ws5c\">Balance,<span class=\"_ _195\"> </span></div><div class=\"t m0 x308 h87 y2cea ff114 fs3a fc2 sc0 ls1f ws3e\">Decemb<span class=\"_ _2\"></span>er 1<span class=\"ls21 ws3b\">, 20<span class=\"ls66 ws9d\">23<span class=\"_ _195\"> </span></span></span></div></td><td class=\"t m0 x309 h87 y2cec ff114 fs3a fc2 sc0 ls23 ws39\">12,394<span class=\"_ _195\"> </span></td><td class=\"c x300 y2ced w48 h86\"><div class=\"t m0 x185 h87 y1c05 ff114 fs3a fc2 sc0 ls21 ws35\">1,35<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"t m0 x30a h87 y2cec ff114 fs3a fc2 sc0 ls21 ws35\">7,11<span class=\"_ _2\"></span>1<span class=\"_ _195\"> </span></td><td class=\"t m0 x278 h87 y2cec ff114 fs3a fc2 sc0 ls23 ws39\">44,077<span class=\"_ _195\"> </span></td><td class=\"t m0 x30b h87 y2cec ff114 fs3a fc2 sc0 ls21 ws35\">1,05<span class=\"_ _2\"></span>1<span class=\"_ _195\"> </span></td><td class=\"t m0 x30c h87 y2cec ff114 fs3a fc2 sc0 ls23 ws39\">65,990<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2cee w93 h8a\"><div class=\"t m0 x0 h88 y1be6 ff113 fs3a fc2 sc0 ls22 ws3e\">Amortisa<span class=\"_ _1\"></span>tion<span class=\"ls1 ws0\"> <span class=\"ls24 ws3a\">charge for the year</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cee w8d h8a\"><div class=\"t m0 x2d h88 y1be6 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cee w48 h8a\"><div class=\"t m0 x2d h88 y1be6 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2cee w2a h8a\"><div class=\"t m0 x2d h88 y1be6 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2cee w20 h8a\"><div class=\"t m0 x184 h88 y1be6 ff113 fs3a fc2 sc0 ls20 ws36\">4,341<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cee w20 h8a\"><div class=\"t m0 x2d h88 y1be6 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2fa y2cee w55 h8a\"><div class=\"t m0 x184 h88 y1be6 ff113 fs3a fc2 sc0 ls20 ws36\">4,341<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cef w93 h86\"><div class=\"t m0 x0 h88 y1be4 ff113 fs3a fc2 sc0 ls25 ws3c\">Disposals and retirements<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cef w8d h86\"><div class=\"t m0 x2d h88 y1be4 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cef w25 h86\"><div class=\"t m0 x186 h88 y1be4 ff113 fs3a fc2 sc0 ls20 ws36\">(1,357)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2cef w2c h86\"><div class=\"t m0 x186 h88 y1be4 ff113 fs3a fc2 sc0 ls20 ws36\">(7,111)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2cef w2b h86\"><div class=\"t m0 x47 h88 y1be4 ff113 fs3a fc2 sc0 ls20 ws36\">(146)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cef w20 h86\"><div class=\"t m0 x2d h88 y1be4 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2fa y2cef w56 h86\"><div class=\"t m0 x186 h88 y1be4 ff113 fs3a fc2 sc0 ls20 ws36\">(8,614)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cf0 w93 h86\"><div class=\"t m0 x0 h88 y1be2 ff113 fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x30d h88 y2cf1 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _195\"> </span></td><td class=\"c x300 y2cf0 w48 h86\"><div class=\"t m0 x2d h88 y1be2 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"t m0 x30e h88 y2cf1 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _195\"> </span></td><td class=\"t m0 x30f h88 y2cf1 ff113 fs3a fc2 sc0 ls20 ws36\">(1,076)<span class=\"_ _195\"> </span></td><td class=\"t m0 x2ad h88 y2cf1 ff113 fs3a fc2 sc0 ls20 ws36\">64<span class=\"_ _195\"> </span></td><td class=\"t m0 x310 h88 y2cf1 ff113 fs3a fc2 sc0 ls20 ws36\">(1,012)<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2cf2 w93 h8a\"><div class=\"t m0 x0 h88 y1c18 ff113 fs3a fc2 sc0 ls25 ws41\">Reclasses <span class=\"ls24 ws3a\">and other</span><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2cf2 w8d h8a\"><div class=\"t m0 x2d h88 y1c18 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cf2 w48 h8a\"><div class=\"t m0 x2d h88 y1c18 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2cf2 w2a h8a\"><div class=\"t m0 x2d h88 y1c18 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2cf2 w2b h8a\"><div class=\"t m0 x171 h88 y1c18 ff113 fs3a fc2 sc0 ls20 ws36\">(32)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cf2 w20 h8a\"><div class=\"t m0 x1 h88 y1c18 ff113 fs3a fc2 sc0 ls20 ws36\">91<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cf2 w55 h8a\"><div class=\"t m0 x193 h88 y1c18 ff113 fs3a fc2 sc0 ls20 ws36\">59<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cf3 w93 h86\"><div class=\"t m0 x0 h87 y1bea ff114 fs3a fc2 sc0 ls21 ws38\">Bala<span class=\"_ _2\"></span>nce, N<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 30, 20<span class=\"_ _2\"></span><span class=\"ls66 ws9d\">24</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2cf3 w8d h86\"><div class=\"t m0 x179 h87 y1bea ff114 fs3a fc2 sc0 ls23 ws39\">12,394<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2cf3 w48 h86\"><div class=\"t m0 xb6 h87 y1bea ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x2d5 y2cf3 w2a h86\"><div class=\"t m0 x2d h87 y1bea ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x301 y2cf3 w20 h86\"><div class=\"t m0 x179 h87 y1bea ff114 fs3a fc2 sc0 ls23 ws39\">47,164<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cf3 w20 h86\"><div class=\"t m0 x185 h87 y1bea ff114 fs3a fc2 sc0 ls21 ws35\">1,20<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cf3 w55 h86\"><div class=\"t m0 x179 h87 y1bea ff114 fs3a fc2 sc0 ls23 ws39\">60,764<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cf4 w93 h86\"><div class=\"t m0 x0 h88 y1be8 ff113 fs3a fc2 sc0 ls22 ws3e\">Amortisa<span class=\"_ _1\"></span>tion<span class=\"ls1 ws0\"> <span class=\"ls24 ws3a\">charge for the year</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cf4 w8d h86\"><div class=\"t m0 x2d h88 y1be8 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cf4 w48 h86\"><div class=\"t m0 x2d h88 y1be8 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2cf4 w2a h86\"><div class=\"t m0 x2d h88 y1be8 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2cf4 w20 h86\"><div class=\"t m0 x184 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">5,781<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cf4 w20 h86\"><div class=\"t m0 xb6 h88 y1be8 ff113 fs3a fc2 sc0 ls1 ws0\">3<span class=\"_ _1\"></span> </div></td><td class=\"c x2fa y2cf4 w55 h86\"><div class=\"t m0 x184 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">5,784<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cf5 w93 ha4\"><div class=\"t m0 x0 h88 y21ea ff113 fs3a fc2 sc0 ls25 ws3c\">Disposals and retirements<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cf5 w8d ha4\"><div class=\"t m0 x2d h88 y21ea ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cf5 w48 ha4\"><div class=\"t m0 x2d h88 y21ea ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2cf5 w2a ha4\"><div class=\"t m0 x2d h88 y21ea ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2cf5 w2b ha4\"><div class=\"t m0 x186 h88 y21ea ff113 fs3a fc2 sc0 ls20 ws36\">(2,064)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cf5 w20 ha4\"><div class=\"t m0 x2d h88 y21ea ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2fa y2cf5 w56 ha4\"><div class=\"t m0 x186 h88 y21ea ff113 fs3a fc2 sc0 ls20 ws36\">(2,064)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cf6 w93 h86\"><div class=\"t m0 x0 h88 y1be8 ff113 fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cf6 w8d h86\"><div class=\"t m0 x2d h88 y1be8 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cf6 w48 h86\"><div class=\"t m0 x2d h88 y1be8 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2cf6 w2a h86\"><div class=\"t m0 x2d h88 y1be8 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2cf6 w20 h86\"><div class=\"t m0 x1a0 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">962<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cf6 w20 h86\"><div class=\"t m0 x171 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">126<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cf6 w55 h86\"><div class=\"t m0 x184 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">1,088<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cf7 w93 h89\"><div class=\"t m0 x0 h88 y1bf4 ff113 fs3a fc2 sc0 ls25 ws41\">Reclasses <span class=\"ls24 ws3a\">and other</span><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2cf7 w8d h89\"><div class=\"t m0 x2d h88 y1bf4 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cf7 w48 h89\"><div class=\"t m0 x2d h88 y1bf4 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2cf7 w2a h89\"><div class=\"t m0 x2d h88 y1bf4 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2cf7 w20 h89\"><div class=\"t m0 x2d h88 y1bf4 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2f9 y2cf7 w20 h89\"><div class=\"t m0 x1 h88 y1bf4 ff113 fs3a fc2 sc0 ls20 ws36\">92<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cf7 w55 h89\"><div class=\"t m0 x193 h88 y1bf4 ff113 fs3a fc2 sc0 ls20 ws36\">92<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cf8 w93 h86\"><div class=\"t m0 x0 h87 y1bef ff114 fs3a fc2 sc0 ls21 ws38\">Bala<span class=\"_ _2\"></span>nce, N<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 30, 20<span class=\"_ _2\"></span><span class=\"ls66 ws9d\">25</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2cf8 w8d h86\"><div class=\"t m0 x179 h87 y1bef ff114 fs3a fc2 sc0 ls23 ws39\">12,394<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2cf8 w48 h86\"><div class=\"t m0 xb6 h87 y1bef ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x2d5 y2cf8 w2a h86\"><div class=\"t m0 x2d h87 y1bef ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x301 y2cf8 w20 h86\"><div class=\"t m0 x179 h87 y1bef ff114 fs3a fc2 sc0 ls23 ws39\">51,843<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cf8 w20 h86\"><div class=\"t m0 x185 h87 y1bef ff114 fs3a fc2 sc0 ls21 ws35\">1,42<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cf8 w55 h86\"><div class=\"t m0 x179 h87 y1bef ff114 fs3a fc2 sc0 ls23 ws39\">65,664<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cf9 w93 h8a\"><div class=\"t m0 x0 h87 y1c41 ff114 fs3a fc2 sc0 ls1f ws33\">Net book v<span class=\"_ _2\"></span>alue:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2cfa w93 h86\"><div class=\"t m0 x0 h87 y1bfa ff114 fs3a fc2 sc0 ls21 ws38\">At Nov<span class=\"_ _2\"></span>embe<span class=\"_ _2\"></span>r 30, <span class=\"_ _2\"></span>20<span class=\"ls66 ws9d\">24</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2cfa w8d h86\"><div class=\"t m0 x179 h87 y1bfa ff114 fs3a fc2 sc0 ls23 ws39\">20,964<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2cfa w48 h86\"><div class=\"t m0 xb6 h87 y1bfa ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x2d5 y2cfa w2a h86\"><div class=\"t m0 x2d h87 y1bfa ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x301 y2cfa w20 h86\"><div class=\"t m0 x179 h87 y1bfa ff114 fs3a fc2 sc0 ls23 ws39\">21,192<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cfa w20 h86\"><div class=\"t m0 x1a0 h87 y1bfa ff114 fs3a fc2 sc0 ls21 ws35\">299<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cfa w55 h86\"><div class=\"t m0 x179 h87 y1bfa ff114 fs3a fc2 sc0 ls23 ws39\">42,455<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cfb w93 h86\"><div class=\"t m0 x0 h87 y1bf8 ff114 fs3a fc2 sc0 ls21 ws38\">At Nov<span class=\"_ _2\"></span>embe<span class=\"_ _2\"></span>r 30, <span class=\"_ _2\"></span>20<span class=\"ls66 ws9d\">25</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2cfb w8d h86\"><div class=\"t m0 x179 h87 y1bf8 ff114 fs3a fc2 sc0 ls1 ws0\">5<span class=\"_ _1\"></span>4,<span class=\"_ _1\"></span><span class=\"ls66 ws9d\">66<span class=\"ls1 ws0\">0</span></span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x300 y2cfb w48 h86\"><div class=\"t m0 xb6 h87 y1bf8 ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x2d5 y2cfb w2a h86\"><div class=\"t m0 x179 h87 y1bf8 ff114 fs3a fc2 sc0 ls1 ws0\">1<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span><span class=\"ls66 ws9d\">21<span class=\"ls1 ws0\">8</span></span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x301 y2cfb w20 h86\"><div class=\"t m0 x179 h87 y1bf8 ff114 fs3a fc2 sc0 ls23 ws39\">25,565<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cfb w20 h86\"><div class=\"t m0 x1a0 h87 y1bf8 ff114 fs3a fc2 sc0 ls21 ws35\">541<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cfb w55 h86\"><div class=\"t m0 x179 h87 y1bf8 ff114 fs3a fc2 sc0 ls23 ws39\">90,984<span class=\"ls1 ws0\"> </span></div></td></tr></table>Other th<span class=\"_ _2\"></span>an goodw<span class=\"_ _2\"></span>ill,<span class=\"_ _2\"></span> a<span class=\"ls2f ws70\">ll int<span class=\"_ _2\"></span>angible asset<span class=\"_ _2\"></span>s were subj<span class=\"_ _2\"></span>ect to a<span class=\"ws75\">m<span class=\"_ _2\"></span>ortisation as of November<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">30, 2025 <span class=\"_ _2\"></span>and 2024.<span class=\"ls1 ws0\"> </span></span></span></span></span><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls30 ws50 gs31c\">During<span class=\"_ _2\"></span> the y<span class=\"_ _2\"></span>ear<span class=\"_ _2\"></span> ende<span class=\"_ _2\"></span>d No<span class=\"_ _2\"></span>vembe<span class=\"_ _2\"></span>r 30<span class=\"_ _2\"></span>, 202<span class=\"_ _2\"></span>5, <span class=\"_ _2\"></span>the G<span class=\"_ _2\"></span>roup <span class=\"_ _2\"></span>had ad<span class=\"_ _2\"></span>diti<span class=\"_ _2\"></span>ons <span class=\"_ _2\"></span>of <span class=\"ls2f ws70\">in<span class=\"_ _2\"></span>tangible assets<span class=\"_ _2\"></span> of $9.4<span class=\"_ _2\"></span> </span></div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls2f ws4e gs31d\">million, <span class=\"ls30 ws50\">excludi<span class=\"_ _2\"></span>ng ad<span class=\"_ _2\"></span>diti<span class=\"_ _2\"></span>ons <span class=\"_ _2\"></span>relati<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>o busi<span class=\"_ _2\"></span>nes<span class=\"_ _2\"></span>s comb<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>tions<span class=\"_ _2\"></span>. Ad<span class=\"_ _2\"></span>ditio<span class=\"_ _2\"></span>ns, ex<span class=\"_ _2\"></span>cl<span class=\"_ _2\"></span>uding<span class=\"_ _2\"></span> accru<span class=\"_ _2\"></span>als d<span class=\"_ _2\"></span>uri<span class=\"_ _2\"></span>ng </span></div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls30 ws52 gs31e\">the<span class=\"ls1 ws0\"> </span><span class=\"ws50\">year, w<span class=\"_ _2\"></span>ere <span class=\"_ _2\"></span><span class=\"ls31 ws53\">$4.5<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">million on intangible<span class=\"_ _2\"></span> assets, ma<span class=\"_ _2\"></span>inly on <span class=\"_ _2\"></span>the acquisition</span>s <span class=\"ls4a ws74\">of compu<span class=\"_ _2\"></span>ter softw<span class=\"_ _2\"></span>are. <span class=\"_ _2\"></span></span> </span></span></span></div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls31 ws51 gs31f\">At November 30, 2025, g<span class=\"ls2f ws70\">oodwill <span class=\"_ _2\"></span>primarily consisted<span class=\"_ _2\"></span> of<span class=\"ls1 ws0\"> </span>$27.4 milli<span class=\"_ _2\"></span>on<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">on the S<span class=\"_ _2\"></span>utto<span class=\"_ _2\"></span>ns</span> <span class=\"ls30 ws50\">acquisi<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n, $4<span class=\"_ _2\"></span>.8 </span></span></span></div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls2f ws70 gs320\">million on <span class=\"_ _2\"></span>the Avenir <span class=\"_ _2\"></span>acquisition, <span class=\"_ _2\"></span>$5.4 millio<span class=\"_ _2\"></span>n for goodwill<span class=\"_ _2\"></span> on a p<span class=\"_ _2\"></span>rior year <span class=\"_ _2\"></span>acquisition of<span class=\"_ _2\"></span> the Tanke<span class=\"_ _2\"></span>rs </div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls30 ws50 gs321\">segme<span class=\"_ _2\"></span>nt and<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls31 ws53\">$17.<span class=\"_ _1\"></span><span class=\"ls1 ws0\">0 <span class=\"ls30 ws50\">million<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>ated to<span class=\"_ _2\"></span> a p<span class=\"_ _2\"></span>rio<span class=\"_ _2\"></span>r year<span class=\"_ _2\"></span> bus<span class=\"_ _2\"></span>iness<span class=\"_ _2\"></span> comb<span class=\"_ _2\"></span>inat<span class=\"_ _2\"></span>ion i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> T<span class=\"_ _2\"></span>ank Co<span class=\"_ _2\"></span>ntaine<span class=\"_ _2\"></span>rs<span class=\"_ _2\"></span> </span></span></span></span></div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls2f ws4e gs322\">segment.<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">A custom<span class=\"_ _2\"></span>er <span class=\"_ _2\"></span>relati<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span> inta<span class=\"_ _2\"></span>ngible<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>et <span class=\"_ _2\"></span>has bee<span class=\"_ _2\"></span>n <span class=\"_ _2\"></span>record<span class=\"_ _2\"></span>ed in<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n to<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Sutto<span class=\"_ _2\"></span>ns </span></span></div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls30 ws50 gs323\">acqui<span class=\"_ _2\"></span>sition.<span class=\"_ _2\"></span> See<span class=\"_ _2\"></span> No<span class=\"_ _2\"></span>te 33<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls2f ws70 gs324\">Revaluation for<span class=\"_ _2\"></span> foreign exc<span class=\"_ _2\"></span>hange differences <span class=\"_ _2\"></span>for goodwill<span class=\"_ _2\"></span> and other<span class=\"_ _2\"></span> intangibles am<span class=\"_ _2\"></span>ounted to <span class=\"_ _2\"></span>a <span class=\"ls30 ws52\">g<span class=\"_ _2\"></span>ain<span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls4a ws74 gs325\">of $<span class=\"ls48 ws72\">2.2<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">millio<span class=\"_ _2\"></span>n <span class=\"ls30 ws50\">for the<span class=\"_ _2\"></span> yea<span class=\"_ _2\"></span>r ende<span class=\"_ _2\"></span>d <span class=\"ls31 ws51\">November 30, 2025<span class=\"ls1 ws0\">.</span></span></span></span></span></span><span class=\"ls48 ws72\"><span class=\"ls1 ws0\"><span class=\"ls2f ws4e\"><span class=\"ls30 ws50\"><span class=\"ls31 ws51\"><span class=\"ls1 ws0\"> </span></span></span></span></span></span></div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls30 ws4f gs326\">The trad<span class=\"_ _2\"></span>emark<span class=\"_ _2\"></span> inta<span class=\"_ _2\"></span>ngible<span class=\"_ _2\"></span> was am<span class=\"_ _2\"></span>ortised<span class=\"_ _2\"></span> over a <span class=\"ls53 ws80\">te<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">year life and<span class=\"_ _2\"></span> is now <span class=\"_ _2\"></span>fully amortised<span class=\"_ _2\"></span></span>, <span class=\"_ _3\"></span><span class=\"ls2f ws70\">w<span class=\"_ _2\"></span>hile the </span></span></span></div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls30 ws50 gs327\">prio<span class=\"_ _2\"></span>r year<span class=\"_ _2\"></span> cus<span class=\"_ _2\"></span>tome<span class=\"_ _2\"></span>r rel<span class=\"_ _2\"></span>ations<span class=\"_ _2\"></span> an<span class=\"_ _2\"></span>d cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>s int<span class=\"_ _2\"></span>angib<span class=\"_ _2\"></span>les <span class=\"_ _2\"></span><span class=\"ls47 ws82\">had be<span class=\"_ _1\"></span>en <span class=\"_ _2\"></span><span class=\"ls30 ws52\">amorti<span class=\"_ _2\"></span>sed from<span class=\"_ _2\"></span> <span class=\"ls31 ws51\">t<span class=\"_ _1\"></span>wo t<span class=\"_ _2\"></span>o 14 years </span></span></span></div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls2f ws70 gs328\">and are now<span class=\"_ _2\"></span> fully amortised<span class=\"_ _2\"></span>. The<span class=\"_ _2\"></span> Suttons cus<span class=\"_ _2\"></span>tomer relations<span class=\"_ _2\"></span> intangible ass<span class=\"_ _2\"></span>et will be am<span class=\"_ _2\"></span>ortised o<span class=\"_ _2\"></span>ver </div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls2f ws70 gs329\">ten years. Comp<span class=\"_ _2\"></span>uter softw<span class=\"_ _2\"></span>are is <span class=\"_ _2\"></span>being amortised o<span class=\"_ _2\"></span>ver an<span class=\"ls1 ws0\"> </span>average life<span class=\"_ _2\"></span> of three t<span class=\"_ _2\"></span>o<span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">ten</span> <span class=\"ls30 ws52\">years.<span class=\"_ _2\"></span></span> </span></div><div class=\"t m0 ha6 ff11a fs3c fcb sc0 ls56 ws87 gs32a\">Impai<span class=\"_ _2\"></span>rment Testin<span class=\"_ _2\"></span>g of Non<span class=\"ls1 ws0\">-<span class=\"ls5e wsc9\">curren<span class=\"_ _2\"></span>t Asse<span class=\"_ _2\"></span>ts</span> </span></div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls30 ws50 gs32b\">In the<span class=\"_ _2\"></span> cur<span class=\"_ _2\"></span>rent y<span class=\"_ _2\"></span>ear<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> equi<span class=\"_ _2\"></span>ty o<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup w<span class=\"_ _2\"></span>as mo<span class=\"_ _2\"></span>re th<span class=\"_ _2\"></span>an it<span class=\"_ _2\"></span>s m<span class=\"_ _2\"></span>arket c<span class=\"_ _2\"></span>apit<span class=\"_ _2\"></span>alis<span class=\"_ _2\"></span>ation.<span class=\"_ _2\"></span> In <span class=\"_ _2\"></span>acco<span class=\"_ _2\"></span>rdanc<span class=\"_ _2\"></span>e </div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls30 ws50 gs32c\">with I<span class=\"_ _2\"></span>AS 16<span class=\"_ _2\"></span>, Im<span class=\"_ _2\"></span>pai<span class=\"_ _2\"></span>rment o<span class=\"_ _2\"></span>f A<span class=\"_ _2\"></span>ssets<span class=\"_ _2\"></span>, this<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> an imp<span class=\"_ _2\"></span>airm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> trigg<span class=\"_ _2\"></span>er. I<span class=\"_ _2\"></span>n add<span class=\"_ _2\"></span>ition<span class=\"_ _2\"></span>, th<span class=\"_ _2\"></span>e Aus<span class=\"_ _2\"></span>trali<span class=\"_ _2\"></span>a te<span class=\"_ _2\"></span>rminal<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff11b fs39 fc2 sc0 ls2f ws70 gs32d\">CGU\u2019s remained l<span class=\"_ _2\"></span>ower than m<span class=\"_ _2\"></span>anagement\u2019s pr<span class=\"_ _2\"></span>ojections. As<span class=\"_ _2\"></span><span class=\"ff119 ls1 ws0\"> <span class=\"ls2f ws75\">a result, impairment testing for the </span></span></div><div class=\"t m0 h98 ff11b fs39 fc2 sc0 ls31 ws51 gs32e\">operating segments\u2019 CGUs was performed as of November 30, 2025. <span class=\"_ _2\"></span><span class=\"ff119 ls1 ws0\"> </span></div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls49 ws73 gs32f\">CGUs<span class=\"_ _2\"></span> a<span class=\"ls2f ws70\">re the smalle<span class=\"_ _2\"></span>st identifi<span class=\"_ _2\"></span>able<span class=\"ls1 ws0\"> <span class=\"ls47 ws82\">gro<span class=\"_ _1\"></span>ups of asset<span class=\"_ _1\"></span>s that genera<span class=\"_ _1\"></span>tes cash i<span class=\"_ _1\"></span>nflows that<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>are la<span class=\"_ _1\"></span>rgely </span></span></span></div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls30 ws50 gs330\">indepe<span class=\"_ _2\"></span>ndent<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>ash <span class=\"_ _2\"></span>inflo<span class=\"_ _2\"></span>ws <span class=\"_ _2\"></span>from <span class=\"_ _2\"></span>other<span class=\"_ _2\"></span> asse<span class=\"_ _2\"></span>ts o<span class=\"_ _2\"></span>r gr<span class=\"_ _2\"></span>oup of<span class=\"_ _2\"></span> as<span class=\"_ _2\"></span>sets.<span class=\"_ _2\"></span> <span class=\"ws52\">M<span class=\"_ _2\"></span>anagem<span class=\"_ _2\"></span>ent<span class=\"ls1 ws0\"> </span></span>measu<span class=\"_ _2\"></span>res t<span class=\"_ _2\"></span>he </div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls30 ws50 gs331\">recove<span class=\"_ _2\"></span>rable<span class=\"_ _2\"></span> amou<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> <span class=\"ls54 wsca\">each CG<span class=\"_ _2\"></span>U<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">by<span class=\"_ _2\"></span> comp<span class=\"_ _2\"></span>aring<span class=\"_ _2\"></span> thei<span class=\"_ _2\"></span>r c<span class=\"_ _2\"></span>arrying<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span>moun<span class=\"_ _2\"></span>t wit<span class=\"_ _2\"></span>h<span class=\"ls1 ws0\"> </span>the hig<span class=\"_ _2\"></span>her<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>heir f<span class=\"_ _2\"></span>air </span></span></span></div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls60 wsad gs332\">va<span class=\"_ _1\"></span>lue les<span class=\"_ _1\"></span>s costs o<span class=\"_ _1\"></span>f dispos<span class=\"_ _1\"></span>al<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">(FVLCD)<span class=\"_ _2\"></span> or <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span> in u<span class=\"_ _2\"></span>se (VI<span class=\"_ _2\"></span>U).<span class=\"_ _2\"></span> </span> </span></div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls30 ws50 gs333\">Chemic<span class=\"_ _2\"></span>al t<span class=\"_ _2\"></span>ankers<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> barge<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>(Tanke<span class=\"_ _2\"></span>rs<span class=\"_ _2\"></span>) and A<span class=\"_ _2\"></span>veni<span class=\"_ _2\"></span>r LN<span class=\"_ _2\"></span>G ship<span class=\"_ _2\"></span>s ob<span class=\"_ _2\"></span>taine<span class=\"_ _2\"></span>d val<span class=\"_ _2\"></span>uatio<span class=\"_ _2\"></span>ns f<span class=\"_ _2\"></span>rom <span class=\"_ _2\"></span>outsid<span class=\"_ _2\"></span>e </div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls30 ws50 gs334\">broke<span class=\"_ _2\"></span>rs as<span class=\"_ _2\"></span> well<span class=\"_ _2\"></span> as p<span class=\"_ _2\"></span>erfo<span class=\"_ _2\"></span>rmed <span class=\"_ _2\"></span>VIU c<span class=\"_ _2\"></span>alcul<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ons by<span class=\"_ _2\"></span> CG<span class=\"_ _2\"></span>U. Fo<span class=\"_ _2\"></span>r T<span class=\"_ _2\"></span>ankers<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> CGUs<span class=\"_ _2\"></span> ide<span class=\"_ _2\"></span>ntif<span class=\"_ _2\"></span>ied <span class=\"_ _2\"></span>are t<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>) </div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls54 ws83 gs335\">deep<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2f ws70\">sea <span class=\"_ _2\"></span>fleet plus i<span class=\"_ _2\"></span>nterdepende<span class=\"_ _2\"></span>nt regional fleet<span class=\"_ _2\"></span>s, ii) regi<span class=\"_ _2\"></span>onal fleets,<span class=\"_ _2\"></span> and iii) E<span class=\"_ _2\"></span>uropean barges<span class=\"_ _2\"></span>, as </span></span></div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls30 ws50 gs336\">those <span class=\"_ _2\"></span>are t<span class=\"_ _2\"></span>he l<span class=\"_ _2\"></span>owes<span class=\"_ _2\"></span>t leve<span class=\"_ _2\"></span>ls i<span class=\"_ _2\"></span>n whi<span class=\"_ _2\"></span>ch t<span class=\"_ _2\"></span>he cas<span class=\"_ _2\"></span>h f<span class=\"_ _2\"></span>lows a<span class=\"_ _2\"></span>re i<span class=\"_ _2\"></span>ndepe<span class=\"_ _2\"></span>nde<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> othe<span class=\"_ _2\"></span>r CGU<span class=\"_ _2\"></span>s. <span class=\"_ _2\"></span><span class=\"ls2f ws75\">Of the total net </span></div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls30 ws50 gs337\">carryi<span class=\"_ _2\"></span>ng v<span class=\"_ _2\"></span>alue o<span class=\"_ _2\"></span>f T<span class=\"_ _2\"></span>ankers<span class=\"_ _2\"></span>, th<span class=\"_ _2\"></span>e de<span class=\"_ _2\"></span>ep<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">sea fleet plus i<span class=\"_ _2\"></span>nterdependent <span class=\"_ _2\"></span>regional flee<span class=\"_ _2\"></span>ts are 86% <span class=\"_ _2\"></span>of the <span class=\"_ _2\"></span>net </span></span></div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls30 ws50 gs338\">carryi<span class=\"_ _2\"></span>ng v<span class=\"_ _2\"></span>alue.<span class=\"_ _2\"></span> Aven<span class=\"_ _2\"></span>ir L<span class=\"_ _2\"></span>NG shi<span class=\"_ _2\"></span>ps <span class=\"_ _2\"></span>are c<span class=\"_ _2\"></span>onsid<span class=\"_ _2\"></span>ered <span class=\"_ _2\"></span>to b<span class=\"_ _2\"></span>e one<span class=\"_ _2\"></span> CGU.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls2f ws70 gs339\">As the ships wi<span class=\"_ _2\"></span>thin eac<span class=\"_ _2\"></span>h CGU are in<span class=\"_ _2\"></span>terchangeable, c<span class=\"_ _2\"></span>ash inflows<span class=\"_ _2\"></span> per ship<span class=\"_ _2\"></span> are depende<span class=\"_ _2\"></span>nt on fleet </div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls2f ws70 gs33a\">scheduling, and <span class=\"_ _2\"></span>all ships w<span class=\"_ _2\"></span>ithin each C<span class=\"_ _2\"></span>GU are seen<span class=\"_ _2\"></span> together as<span class=\"_ _2\"></span> a portfolio<span class=\"_ _2\"></span> of ships. <span class=\"_ _2\"></span>Ships will o<span class=\"_ _2\"></span>nly </div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls2f ws70 gs33b\">be impaired i<span class=\"_ _2\"></span>f the total <span class=\"_ _2\"></span>recoverab<span class=\"_ _2\"></span>le amount of<span class=\"_ _2\"></span> the ships w<span class=\"_ _2\"></span>it<span class=\"ls30 ws50\">hi<span class=\"_ _2\"></span>n a C<span class=\"_ _2\"></span>GU is<span class=\"_ _2\"></span> lowe<span class=\"_ _2\"></span>r th<span class=\"_ _2\"></span>an the<span class=\"_ _2\"></span> ca<span class=\"_ _2\"></span>rrying<span class=\"_ _2\"></span> </span></div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls30 ws50 gs33c\">amount<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>ated <span class=\"_ _2\"></span>to th<span class=\"_ _2\"></span>at C<span class=\"_ _2\"></span>GU.<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls2f ws70 gs33d\">For the Termi<span class=\"_ _2\"></span>nals, each te<span class=\"_ _2\"></span>rminal <span class=\"_ _2\"></span>is a separat<span class=\"_ _2\"></span>e CGU while <span class=\"_ _2\"></span>STC is c<span class=\"_ _2\"></span>onsidered to<span class=\"_ _2\"></span> be a si<span class=\"_ _2\"></span>ngle CGU. </div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls30 ws52 gs33e\">For<span class=\"ls1 ws0\"> </span><span class=\"ws50\">Stolt<span class=\"_ _2\"></span> Sea<span class=\"_ _2\"></span> Farm<span class=\"_ _2\"></span>, CG<span class=\"_ _2\"></span>Us are<span class=\"_ _2\"></span> se<span class=\"_ _2\"></span>parate<span class=\"_ _2\"></span>d be<span class=\"_ _2\"></span>twee<span class=\"_ _2\"></span>n turb<span class=\"_ _2\"></span>ot a<span class=\"_ _2\"></span>nd sol<span class=\"_ _2\"></span>e ope<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ons.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls30 ws50 gs33f\">For T<span class=\"_ _2\"></span>ankers<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> Ave<span class=\"_ _2\"></span>nir,<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>reco<span class=\"_ _2\"></span>verable<span class=\"_ _2\"></span> amou<span class=\"_ _2\"></span>nts w<span class=\"_ _2\"></span>ere b<span class=\"_ _2\"></span>ased<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>FVLCT<span class=\"_ _2\"></span>S. F<span class=\"_ _2\"></span>or Term<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>ls, T<span class=\"_ _2\"></span>ank<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls30 ws50 gs340\">Contai<span class=\"_ _2\"></span>ners<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> Stol<span class=\"_ _2\"></span>t Se<span class=\"_ _2\"></span>a Farm<span class=\"_ _2\"></span> CGU<span class=\"_ _2\"></span>s, the<span class=\"_ _2\"></span> reco<span class=\"_ _2\"></span>ver<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span> amoun<span class=\"_ _2\"></span>ts w<span class=\"_ _2\"></span>ere b<span class=\"_ _2\"></span>ased<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>VIU w<span class=\"_ _2\"></span>hich<span class=\"_ _2\"></span> used <span class=\"_ _2\"></span>a </div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls30 ws50 gs341\">discou<span class=\"_ _2\"></span>nted<span class=\"_ _2\"></span> cash<span class=\"_ _2\"></span> flow<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he ap<span class=\"_ _2\"></span>prove<span class=\"_ _2\"></span>d pro<span class=\"_ _2\"></span>jecti<span class=\"_ _2\"></span>ons i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>ve<span class=\"ls1 ws0\">-</span><span class=\"ws4f\">year p<span class=\"_ _2\"></span>lan.<span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls30 ws50 gs342\">Based<span class=\"_ _2\"></span> on m<span class=\"_ _2\"></span>anage<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> judgem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> and p<span class=\"_ _2\"></span>ast<span class=\"_ _2\"></span> expe<span class=\"_ _2\"></span>rience<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> f<span class=\"_ _2\"></span>ollow<span class=\"_ _2\"></span>ing <span class=\"_ _2\"></span>assump<span class=\"_ _2\"></span>tions<span class=\"_ _2\"></span> were<span class=\"_ _2\"></span> use<span class=\"_ _2\"></span>d in<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls30 ws4f gs343\">the calc<span class=\"_ _2\"></span>ulati<span class=\"_ _2\"></span>on of VI<span class=\"_ _2\"></span>U:<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff11c fs41 fc5 sc0 ls1 ws0 gs344\">\u2022<span class=\"ff11d\"> <span class=\"_ _b\"> </span><span class=\"ff119 fs39 fc2 ls4b ws77\">Pre<span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">tax disc<span class=\"_ _2\"></span>oun<span class=\"_ _2\"></span>t rate<span class=\"_ _2\"></span>s r<span class=\"_ _2\"></span>ange f<span class=\"_ _2\"></span>rom<span class=\"_ _2\"></span> <span class=\"ls31 ws51\">7.0% to 10.8%<span class=\"ls59 ws95\">, <span class=\"ls2f ws70\">based on the WACC<span class=\"_ _2\"></span>, which reflects<span class=\"_ _2\"></span> specific </span></span></span></span></span></span></span></div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls2f ws70 gs345\">risks relating<span class=\"_ _2\"></span> to CGUs.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff11c fs41 fc5 sc0 ls1 ws0 gs346\">\u2022<span class=\"ff11d\"> <span class=\"_ _b\"> </span><span class=\"ff119 fs39 fc2 ls30 ws50\">Future g<span class=\"_ _2\"></span>rowt<span class=\"_ _2\"></span>h rate<span class=\"_ _2\"></span>s <span class=\"ls2f ws4e\">were </span>base<span class=\"_ _2\"></span>d <span class=\"_ _2\"></span>on tre<span class=\"_ _2\"></span>nds i<span class=\"_ _2\"></span>n ind<span class=\"_ _2\"></span>ust<span class=\"_ _2\"></span>rial p<span class=\"_ _2\"></span>roduc<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> </span><span class=\"ws4f\">and suppl<span class=\"_ _2\"></span>y<span class=\"ls1 ws0\">-</span></span>demand b<span class=\"_ _2\"></span>ala<span class=\"_ _2\"></span>nce i<span class=\"_ _2\"></span>n </span></span></div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls30 ws50 gs347\">the m<span class=\"_ _2\"></span>arkets<span class=\"_ _2\"></span><span class=\"ls1 ws0\">. <span class=\"_ _1\"></span><span class=\"ls30 ws50\">Fo<span class=\"_ _2\"></span>r Tank<span class=\"_ _2\"></span>ers,<span class=\"_ _2\"></span> after<span class=\"_ _2\"></span> adjus<span class=\"_ _2\"></span>tmen<span class=\"_ _2\"></span>t of<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span>s ov<span class=\"_ _2\"></span>er two<span class=\"_ _2\"></span> yea<span class=\"_ _2\"></span>rs t<span class=\"_ _2\"></span>o the<span class=\"_ _2\"></span> long<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span>term <span class=\"_ _2\"></span>average<span class=\"_ _2\"></span> TCE<span class=\"_ _2\"></span>, </span></span></div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls30 ws50 gs348\">the gro<span class=\"_ _2\"></span>wth<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span> is 2<span class=\"_ _2\"></span>.0%.<span class=\"_ _2\"></span> For<span class=\"_ _2\"></span> all o<span class=\"_ _2\"></span>ther<span class=\"_ _2\"></span> CGUs<span class=\"_ _2\"></span>, t<span class=\"_ _2\"></span>he g<span class=\"_ _2\"></span>rowth<span class=\"ls1 ws0\"> </span>rate<span class=\"_ _2\"></span> used<span class=\"_ _2\"></span> b<span class=\"_ _2\"></span>eyond <span class=\"_ _2\"></span>the pr<span class=\"_ _2\"></span>ojec<span class=\"_ _2\"></span>tion p<span class=\"_ _2\"></span>eriod<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">is </span></span></div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls1 ws0 gs349\">2<span class=\"ls4c ws79\">.0<span class=\"ls2f ws70\">%, which does not ex<span class=\"_ _2\"></span>ceed the lo<span class=\"_ _2\"></span>ng</span></span>-<span class=\"ls2f ws75\">term average inflation rate for the <span class=\"ls4b ws77\">CGUs<span class=\"_ _2\"></span></span></span>. </div><div class=\"t m0 h98 ff11c fs41 fc5 sc0 ls1 ws0 gs34a\">\u2022<span class=\"ff11d\"> <span class=\"_ _b\"> </span><span class=\"ff119 fs39 fc2 ls30 ws50\">For Tanke<span class=\"_ _2\"></span>rs, <span class=\"_ _2\"></span>assum<span class=\"_ _2\"></span>pti<span class=\"_ _2\"></span>ons<span class=\"ls1 ws0\"> <span class=\"ls4a ws76\">of</span> <span class=\"ls2f ws70\">time charter eq<span class=\"_ _2\"></span>uivalent (TCE<span class=\"_ _2\"></span>)</span> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">pe<span class=\"_ _2\"></span>r op<span class=\"_ _2\"></span>era<span class=\"_ _2\"></span>ting<span class=\"_ _2\"></span> day (<span class=\"_ _2\"></span>a p<span class=\"_ _2\"></span>rofit m<span class=\"_ _2\"></span>eas<span class=\"_ _2\"></span>ure of<span class=\"_ _2\"></span> </span></span></span></span></div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls30 ws4f gs34b\">opera<span class=\"_ _2\"></span>ting reve<span class=\"_ _2\"></span>nue<span class=\"_ _2\"></span> less va<span class=\"_ _2\"></span>riabl<span class=\"_ _2\"></span>e voyag<span class=\"_ _2\"></span>e expe<span class=\"_ _2\"></span>nses<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws50\">incl<span class=\"_ _2\"></span>uding<span class=\"_ _2\"></span> bunke<span class=\"_ _2\"></span>r co<span class=\"_ _2\"></span>sts<span class=\"ls1 ws0\">) </span>on existi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>and f<span class=\"_ _2\"></span>uture<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls30 ws50 gs34c\">contrac<span class=\"_ _2\"></span>ts<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>the sp<span class=\"_ _2\"></span>ot m<span class=\"_ _2\"></span>arke<span class=\"_ _2\"></span>t<span class=\"ls49 ws78\">, </span>during <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> projec<span class=\"_ _2\"></span>t pe<span class=\"_ _2\"></span>riod<span class=\"_ _2\"></span> from<span class=\"_ _2\"></span> 202<span class=\"_ _2\"></span><span class=\"ls1 ws0\">6 <span class=\"_ _1\"></span><span class=\"ls53 ws32\">to 2<span class=\"_ _2\"></span>0<span class=\"ls31 ws53\">30<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">for the deep</span>-<span class=\"ls2f ws70\">sea fleet </span></span></span></span></span></div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls30 ws50 gs34d\">(adjust<span class=\"_ _2\"></span>ed f<span class=\"_ _2\"></span>or cap<span class=\"_ _2\"></span>aci<span class=\"_ _2\"></span>ty ch<span class=\"_ _2\"></span>ange<span class=\"_ _2\"></span>s) i<span class=\"_ _2\"></span>s an av<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>age <span class=\"ls57 ws86\">in</span>crease<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> <span class=\"ls46 ws6f\">1.2<span class=\"_ _2\"></span>% </span><span class=\"ws52\">and<span class=\"ls1 ws0\"> </span><span class=\"ws4f\">for the <span class=\"ls1 ws0\">r<span class=\"ls2f ws70\">egional fleets <span class=\"_ _2\"></span>is <span class=\"ls48 ws72\">0.8%<span class=\"_ _2\"></span>. </span></span></span></span></span></div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls2f ws70 gs34e\">In addition, it<span class=\"_ _2\"></span> is ass<span class=\"_ _2\"></span>umed that the p<span class=\"_ _2\"></span>ercentage of C<span class=\"_ _2\"></span>OA to spo<span class=\"_ _2\"></span>t volume doe<span class=\"_ _2\"></span>s not c<span class=\"_ _2\"></span>hange materially </div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls30 ws50 gs34f\">from c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>nt p<span class=\"_ _2\"></span>roject<span class=\"_ _2\"></span>ions<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> COA<span class=\"_ _2\"></span> cont<span class=\"_ _2\"></span>racts <span class=\"_ _2\"></span>are <span class=\"_ _2\"></span>reneg<span class=\"_ _2\"></span>oti<span class=\"_ _2\"></span>ated s<span class=\"_ _2\"></span>ucc<span class=\"_ _2\"></span>essfu<span class=\"_ _2\"></span>lly. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff11c fs41 fc5 sc0 ls1 ws0 gs350\">\u2022<span class=\"ff11d\"> <span class=\"_ _b\"> </span><span class=\"ff119 fs39 fc2 ls30 ws50\">For Term<span class=\"_ _2\"></span>inals<span class=\"_ _2\"></span>, as<span class=\"_ _2\"></span>sumpti<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>utili<span class=\"_ _2\"></span>satio<span class=\"_ _2\"></span>n and<span class=\"_ _2\"></span> ma<span class=\"_ _2\"></span>rgins<span class=\"_ _2\"></span> were<span class=\"_ _2\"></span> bas<span class=\"_ _2\"></span>ed o<span class=\"_ _2\"></span>n cur<span class=\"_ _2\"></span>rent c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>acts,<span class=\"_ _2\"></span> pas<span class=\"_ _2\"></span>t </span></span></div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls30 ws50 gs351\">expe<span class=\"_ _2\"></span>rience<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>trends<span class=\"_ _2\"></span> in i<span class=\"_ _2\"></span>ndu<span class=\"_ _2\"></span>stri<span class=\"_ _2\"></span>al p<span class=\"_ _2\"></span>roducti<span class=\"_ _2\"></span>on.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff11c fs41 fc5 sc0 ls1 ws0 gs352\">\u2022<span class=\"ff11d\"> <span class=\"_ _b\"> </span><span class=\"ff119 fs39 fc2 ls30 ws50\">For STC<span class=\"_ _2\"></span>, fut<span class=\"_ _2\"></span>ure es<span class=\"_ _2\"></span>cal<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span> of p<span class=\"_ _2\"></span>rice<span class=\"_ _2\"></span> and c<span class=\"_ _2\"></span>ost i<span class=\"_ _2\"></span>ncre<span class=\"_ _2\"></span>ases<span class=\"_ _2\"></span> obtai<span class=\"_ _2\"></span>ned<span class=\"_ _2\"></span> from<span class=\"_ _2\"></span> shipp<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>transp<span class=\"_ _2\"></span>orta<span class=\"_ _2\"></span>tion </span></span></div><div class=\"t m0 h98 ff11b fs39 fc2 sc0 ls30 ws50 gs353\">carrie<span class=\"_ _2\"></span>rs and<span class=\"_ _2\"></span> ex<span class=\"_ _2\"></span>tent<span class=\"_ _2\"></span> of cap<span class=\"_ _2\"></span>ita<span class=\"_ _2\"></span>l exp<span class=\"_ _2\"></span>endi<span class=\"_ _2\"></span>ture<span class=\"_ _2\"></span>s from<span class=\"_ _2\"></span> Ta<span class=\"_ _2\"></span>nk Con<span class=\"_ _2\"></span>taine<span class=\"_ _2\"></span>rs\u2019 <span class=\"_ _2\"></span>appro<span class=\"_ _2\"></span>ved c<span class=\"_ _2\"></span>apit<span class=\"_ _2\"></span>al ex<span class=\"_ _2\"></span>pendi<span class=\"_ _2\"></span>ture<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls2f ws70 gs354\">projections a<span class=\"_ _2\"></span>nd competition.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls30 ws50 gs355\">For <span class=\"_ _2\"></span>FVLCT<span class=\"_ _2\"></span>S fo<span class=\"_ _2\"></span>r Tanke<span class=\"_ _2\"></span>rs,<span class=\"_ _2\"></span> brok<span class=\"_ _2\"></span>er <span class=\"_ _2\"></span>valua<span class=\"_ _2\"></span>tions w<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span> obt<span class=\"_ _2\"></span>ained f<span class=\"_ _2\"></span>rom<span class=\"_ _2\"></span> third<span class=\"_ _2\"></span> pa<span class=\"_ _2\"></span>rties<span class=\"_ _2\"></span><span class=\"ls1 ws0\">. </span></div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls4b ws77 gs356\">No <span class=\"ls30 ws52\">impai<span class=\"_ _2\"></span>rment<span class=\"ls1 ws0\"> </span><span class=\"ws50\">was <span class=\"_ _2\"></span>noted<span class=\"_ _2\"></span> thoug<span class=\"_ _2\"></span>h <span class=\"_ _2\"></span>there w<span class=\"_ _2\"></span>as m<span class=\"_ _2\"></span>inim<span class=\"_ _2\"></span>al he<span class=\"_ _2\"></span>adro<span class=\"_ _2\"></span>om f<span class=\"_ _2\"></span>or the<span class=\"_ _2\"></span> Aus<span class=\"_ _2\"></span>tralia<span class=\"_ _2\"></span> term<span class=\"_ _2\"></span>inal.<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 h98 ff119 fs39 fc2 sc0 ls46 ws6f gs357\">See<span class=\"ls1 ws0\"> <span class=\"ls4b ws77\">Note<span class=\"_ _2\"></span></span> <span class=\"ls31 ws53\">2.<span class=\"_ _195\"> </span></span></span><span class=\"ls1 ws0\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-677": {
   "value": "Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span>Good<span class=\"_ _2\"></span>will <span class=\"_ _2\"></span>rep<span class=\"_ _2\"></span>rese<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span> amo<span class=\"_ _2\"></span>unts <span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>sing<span class=\"_ _2\"></span> on t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> acqui<span class=\"_ _2\"></span>sit<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>subsi<span class=\"_ _2\"></span>di<span class=\"_ _2\"></span>arie<span class=\"_ _2\"></span>s, a<span class=\"_ _2\"></span>ssoci<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> vent<span class=\"_ _2\"></span>ur<span class=\"_ _2\"></span>es. Goodwill <span class=\"_ _2\"></span>arising o<span class=\"_ _2\"></span>n acqui<span class=\"_ _2\"></span>sition r<span class=\"_ _2\"></span>eprese<span class=\"_ _2\"></span>nts the dif<span class=\"_ _2\"></span>feren<span class=\"_ _2\"></span>ce betwe<span class=\"_ _2\"></span>en the c<span class=\"_ _2\"></span>ost of<span class=\"_ _2\"></span> the acq<span class=\"_ _2\"></span>uisition a<span class=\"_ _2\"></span>nd the<span class=\"_ _2\"></span> fair<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> net<span class=\"_ _2\"></span> ide<span class=\"_ _2\"></span>ntif<span class=\"_ _2\"></span>iab<span class=\"_ _2\"></span>le a<span class=\"_ _2\"></span>sse<span class=\"_ _2\"></span>ts a<span class=\"_ _2\"></span>cq<span class=\"_ _2\"></span>uired.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls61 wsac\">Identifiable intangible assets<span class=\"_ _2\"></span> are those that <span class=\"_ _2\"></span>can</span> <span class=\"_ _1\"></span><span class=\"ls48 ws72\">b<span class=\"_ _2\"></span>e </span></span>sold sep<span class=\"_ _2\"></span>arately, <span class=\"_ _2\"></span>or which<span class=\"_ _2\"></span> arise f<span class=\"_ _2\"></span>rom leg<span class=\"_ _2\"></span>al rights<span class=\"_ _2\"></span> regardl<span class=\"_ _2\"></span>ess of w<span class=\"_ _2\"></span>hether <span class=\"_ _2\"></span>those rig<span class=\"_ _2\"></span>hts are <span class=\"_ _2\"></span>separab<span class=\"_ _2\"></span>le.<span class=\"ls1 ws0\"> </span>Good<span class=\"_ _2\"></span>will i<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>all<span class=\"_ _2\"></span>y re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>nised<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> cos<span class=\"_ _2\"></span>t a<span class=\"_ _2\"></span>nd i<span class=\"_ _2\"></span>s sub<span class=\"_ _2\"></span>seq<span class=\"_ _2\"></span>uentl<span class=\"_ _2\"></span>y m<span class=\"_ _2\"></span>easu<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>d at c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span> les<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>ny ac<span class=\"_ _2\"></span>cum<span class=\"_ _2\"></span>ulat<span class=\"_ _2\"></span>ed impairment losses. Goodwill is<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">allocat<span class=\"_ _2\"></span>ed t<span class=\"_ _2\"></span>o c<span class=\"_ _2\"></span>ash<span class=\"_ _2\"></span></span>-<span class=\"ls49 ws7c\">generat<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> unit<span class=\"_ _2\"></span>s</span> <span class=\"ls53 ws80\">(CGU</span>) <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">and<span class=\"_ _2\"></span> is <span class=\"_ _2\"></span>not <span class=\"_ _2\"></span>amor<span class=\"_ _2\"></span>tise<span class=\"_ _2\"></span>d b<span class=\"_ _2\"></span>ut i<span class=\"_ _2\"></span>s </span></span>teste<span class=\"_ _2\"></span>d a<span class=\"_ _2\"></span>nnual<span class=\"_ _2\"></span>ly f<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span> impai<span class=\"_ _2\"></span>rme<span class=\"_ _2\"></span>nt,<span class=\"_ _2\"></span> or m<span class=\"_ _2\"></span>ore f<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>quentl<span class=\"_ _2\"></span>y w<span class=\"_ _2\"></span>hen t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span>re i<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>n ind<span class=\"_ _2\"></span>icat<span class=\"_ _2\"></span>ion t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>at the<span class=\"_ _2\"></span> CGU<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> impai<span class=\"_ _2\"></span>red<span class=\"_ _2\"></span>. Wit<span class=\"_ _2\"></span>h re<span class=\"_ _2\"></span>spec<span class=\"_ _2\"></span>t t<span class=\"_ _2\"></span>o a<span class=\"_ _2\"></span>ssoci<span class=\"_ _2\"></span>at<span class=\"_ _2\"></span>es a<span class=\"_ _2\"></span>nd j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> ve<span class=\"_ _2\"></span>nture<span class=\"_ _2\"></span>s, t<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>arry<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>g amo<span class=\"_ _2\"></span>unt<span class=\"_ _2\"></span> of g<span class=\"_ _2\"></span>ood<span class=\"_ _2\"></span>will i<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>uded<span class=\"_ _2\"></span> in the carrying amount of<span class=\"_ _2\"></span> the i<span class=\"ls49 wsaa\">nv<span class=\"_ _2\"></span>estm<span class=\"_ _2\"></span>ent i<span class=\"_ _2\"></span>n th<span class=\"_ _2\"></span>e as<span class=\"_ _2\"></span>soci<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span> or j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> ve<span class=\"_ _2\"></span>nture<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></span>Goodwill is tested for impairment on <span class=\"_ _2\"></span>an annual basis for each CGU to which th<span class=\"_ _2\"></span>e goodwill is allocated. When goodwill is monitored at the<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">level<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>a gr<span class=\"_ _2\"></span>oup o<span class=\"_ _2\"></span>f C<span class=\"_ _2\"></span>GUs,<span class=\"_ _2\"></span> it i<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>est<span class=\"_ _2\"></span>ed f<span class=\"_ _2\"></span>or imp<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> le<span class=\"_ _2\"></span>vel.<span class=\"_ _2\"></span> </span></span>The Gro<span class=\"_ _2\"></span>up\u2019s<span class=\"_ _2\"></span> <span class=\"ff10e ls49 ws78\">unimp<span class=\"_ _2\"></span>aired<span class=\"_ _2\"></span> <span class=\"wsaa\">good<span class=\"_ _2\"></span>will<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>ates<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> Tank<span class=\"_ _2\"></span>ers<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> Tank<span class=\"_ _2\"></span> C<span class=\"_ _2\"></span>ontai<span class=\"_ _2\"></span>ner <span class=\"_ _2\"></span>segm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s.<span class=\"_ _195\"> </span></span></span>In the ca<span class=\"_ _2\"></span>se of b<span class=\"_ _2\"></span>argain pu<span class=\"_ _2\"></span>rchases<span class=\"_ _2\"></span>, the exce<span class=\"_ _2\"></span>ss of <span class=\"_ _2\"></span>net ass<span class=\"_ _2\"></span>ets acqui<span class=\"_ _2\"></span>red o<span class=\"_ _2\"></span>ver the fair<span class=\"_ _2\"></span> value <span class=\"_ _2\"></span>of the consi<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on paid<span class=\"_ _2\"></span> arisi<span class=\"_ _2\"></span>ng on<span class=\"_ _2\"></span> an acq<span class=\"_ _2\"></span>uisi<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>on is<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">recognised i<span class=\"_ _2\"></span>n</span> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">o<span class=\"_ _2\"></span>the<span class=\"_ _2\"></span>r op<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ing i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> </span></span>st<span class=\"_ _1\"></span>atem<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span> in the<span class=\"_ _1\"></span> perio<span class=\"_ _1\"></span>d in<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>wh<span class=\"_ _1\"></span>ich<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>the<span class=\"_ _1\"></span> acqu<span class=\"_ _1\"></span>isit<span class=\"_ _1\"></span>ion is<span class=\"_ _1\"></span> com<span class=\"_ _1\"></span>ple<span class=\"_ _1\"></span>ted.<span class=\"_ _195\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-694": {
   "value": "Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span>Good<span class=\"_ _2\"></span>will <span class=\"_ _2\"></span>rep<span class=\"_ _2\"></span>rese<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span> amo<span class=\"_ _2\"></span>unts <span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>sing<span class=\"_ _2\"></span> on t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> acqui<span class=\"_ _2\"></span>sit<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>subsi<span class=\"_ _2\"></span>di<span class=\"_ _2\"></span>arie<span class=\"_ _2\"></span>s, a<span class=\"_ _2\"></span>ssoci<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> vent<span class=\"_ _2\"></span>ur<span class=\"_ _2\"></span>es. Goodwill <span class=\"_ _2\"></span>arising o<span class=\"_ _2\"></span>n acqui<span class=\"_ _2\"></span>sition r<span class=\"_ _2\"></span>eprese<span class=\"_ _2\"></span>nts the dif<span class=\"_ _2\"></span>feren<span class=\"_ _2\"></span>ce betwe<span class=\"_ _2\"></span>en the c<span class=\"_ _2\"></span>ost of<span class=\"_ _2\"></span> the acq<span class=\"_ _2\"></span>uisition a<span class=\"_ _2\"></span>nd the<span class=\"_ _2\"></span> fair<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> net<span class=\"_ _2\"></span> ide<span class=\"_ _2\"></span>ntif<span class=\"_ _2\"></span>iab<span class=\"_ _2\"></span>le a<span class=\"_ _2\"></span>sse<span class=\"_ _2\"></span>ts a<span class=\"_ _2\"></span>cq<span class=\"_ _2\"></span>uired.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls61 wsac\">Identifiable intangible assets<span class=\"_ _2\"></span> are those that <span class=\"_ _2\"></span>can</span> <span class=\"_ _1\"></span><span class=\"ls48 ws72\">b<span class=\"_ _2\"></span>e </span></span>sold sep<span class=\"_ _2\"></span>arately, <span class=\"_ _2\"></span>or which<span class=\"_ _2\"></span> arise f<span class=\"_ _2\"></span>rom leg<span class=\"_ _2\"></span>al rights<span class=\"_ _2\"></span> regardl<span class=\"_ _2\"></span>ess of w<span class=\"_ _2\"></span>hether <span class=\"_ _2\"></span>those rig<span class=\"_ _2\"></span>hts are <span class=\"_ _2\"></span>separab<span class=\"_ _2\"></span>le.<span class=\"ls1 ws0\"> </span>Good<span class=\"_ _2\"></span>will i<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>all<span class=\"_ _2\"></span>y re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>nised<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> cos<span class=\"_ _2\"></span>t a<span class=\"_ _2\"></span>nd i<span class=\"_ _2\"></span>s sub<span class=\"_ _2\"></span>seq<span class=\"_ _2\"></span>uentl<span class=\"_ _2\"></span>y m<span class=\"_ _2\"></span>easu<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>d at c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span> les<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>ny ac<span class=\"_ _2\"></span>cum<span class=\"_ _2\"></span>ulat<span class=\"_ _2\"></span>ed impairment losses. Goodwill is<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">allocat<span class=\"_ _2\"></span>ed t<span class=\"_ _2\"></span>o c<span class=\"_ _2\"></span>ash<span class=\"_ _2\"></span></span>-<span class=\"ls49 ws7c\">generat<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> unit<span class=\"_ _2\"></span>s</span> <span class=\"ls53 ws80\">(CGU</span>) <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">and<span class=\"_ _2\"></span> is <span class=\"_ _2\"></span>not <span class=\"_ _2\"></span>amor<span class=\"_ _2\"></span>tise<span class=\"_ _2\"></span>d b<span class=\"_ _2\"></span>ut i<span class=\"_ _2\"></span>s </span></span>teste<span class=\"_ _2\"></span>d a<span class=\"_ _2\"></span>nnual<span class=\"_ _2\"></span>ly f<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span> impai<span class=\"_ _2\"></span>rme<span class=\"_ _2\"></span>nt,<span class=\"_ _2\"></span> or m<span class=\"_ _2\"></span>ore f<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>quentl<span class=\"_ _2\"></span>y w<span class=\"_ _2\"></span>hen t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span>re i<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>n ind<span class=\"_ _2\"></span>icat<span class=\"_ _2\"></span>ion t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>at the<span class=\"_ _2\"></span> CGU<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> impai<span class=\"_ _2\"></span>red<span class=\"_ _2\"></span>. Wit<span class=\"_ _2\"></span>h re<span class=\"_ _2\"></span>spec<span class=\"_ _2\"></span>t t<span class=\"_ _2\"></span>o a<span class=\"_ _2\"></span>ssoci<span class=\"_ _2\"></span>at<span class=\"_ _2\"></span>es a<span class=\"_ _2\"></span>nd j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> ve<span class=\"_ _2\"></span>nture<span class=\"_ _2\"></span>s, t<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>arry<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>g amo<span class=\"_ _2\"></span>unt<span class=\"_ _2\"></span> of g<span class=\"_ _2\"></span>ood<span class=\"_ _2\"></span>will i<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>uded<span class=\"_ _2\"></span> in the carrying amount of<span class=\"_ _2\"></span> the i<span class=\"ls49 wsaa\">nv<span class=\"_ _2\"></span>estm<span class=\"_ _2\"></span>ent i<span class=\"_ _2\"></span>n th<span class=\"_ _2\"></span>e as<span class=\"_ _2\"></span>soci<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span> or j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> ve<span class=\"_ _2\"></span>nture<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></span>Goodwill is tested for impairment on <span class=\"_ _2\"></span>an annual basis for each CGU to which th<span class=\"_ _2\"></span>e goodwill is allocated. When goodwill is monitored at the<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">level<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>a gr<span class=\"_ _2\"></span>oup o<span class=\"_ _2\"></span>f C<span class=\"_ _2\"></span>GUs,<span class=\"_ _2\"></span> it i<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>est<span class=\"_ _2\"></span>ed f<span class=\"_ _2\"></span>or imp<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> le<span class=\"_ _2\"></span>vel.<span class=\"_ _2\"></span> </span></span>The Gro<span class=\"_ _2\"></span>up\u2019s<span class=\"_ _2\"></span> <span class=\"ff10e ls49 ws78\">unimp<span class=\"_ _2\"></span>aired<span class=\"_ _2\"></span> <span class=\"wsaa\">good<span class=\"_ _2\"></span>will<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>ates<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> Tank<span class=\"_ _2\"></span>ers<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> Tank<span class=\"_ _2\"></span> C<span class=\"_ _2\"></span>ontai<span class=\"_ _2\"></span>ner <span class=\"_ _2\"></span>segm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s.<span class=\"_ _195\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-627": {
   "value": "Good<span class=\"_ _2\"></span>will <span class=\"_ _2\"></span>rep<span class=\"_ _2\"></span>rese<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span> amo<span class=\"_ _2\"></span>unts <span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>sing<span class=\"_ _2\"></span> on t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> acqui<span class=\"_ _2\"></span>sit<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>subsi<span class=\"_ _2\"></span>di<span class=\"_ _2\"></span>arie<span class=\"_ _2\"></span>s, a<span class=\"_ _2\"></span>ssoci<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> vent<span class=\"_ _2\"></span>ur<span class=\"_ _2\"></span>es. Goodwill <span class=\"_ _2\"></span>arising o<span class=\"_ _2\"></span>n acqui<span class=\"_ _2\"></span>sition r<span class=\"_ _2\"></span>eprese<span class=\"_ _2\"></span>nts the dif<span class=\"_ _2\"></span>feren<span class=\"_ _2\"></span>ce betwe<span class=\"_ _2\"></span>en the c<span class=\"_ _2\"></span>ost of<span class=\"_ _2\"></span> the acq<span class=\"_ _2\"></span>uisition a<span class=\"_ _2\"></span>nd the<span class=\"_ _2\"></span> fair<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> net<span class=\"_ _2\"></span> ide<span class=\"_ _2\"></span>ntif<span class=\"_ _2\"></span>iab<span class=\"_ _2\"></span>le a<span class=\"_ _2\"></span>sse<span class=\"_ _2\"></span>ts a<span class=\"_ _2\"></span>cq<span class=\"_ _2\"></span>uired.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls61 wsac\">Identifiable intangible assets<span class=\"_ _2\"></span> are those that <span class=\"_ _2\"></span>can</span> <span class=\"_ _1\"></span><span class=\"ls48 ws72\">b<span class=\"_ _2\"></span>e </span></span>sold sep<span class=\"_ _2\"></span>arately, <span class=\"_ _2\"></span>or which<span class=\"_ _2\"></span> arise f<span class=\"_ _2\"></span>rom leg<span class=\"_ _2\"></span>al rights<span class=\"_ _2\"></span> regardl<span class=\"_ _2\"></span>ess of w<span class=\"_ _2\"></span>hether <span class=\"_ _2\"></span>those rig<span class=\"_ _2\"></span>hts are <span class=\"_ _2\"></span>separab<span class=\"_ _2\"></span>le.<span class=\"ls1 ws0\"> </span>Good<span class=\"_ _2\"></span>will i<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>all<span class=\"_ _2\"></span>y re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>nised<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> cos<span class=\"_ _2\"></span>t a<span class=\"_ _2\"></span>nd i<span class=\"_ _2\"></span>s sub<span class=\"_ _2\"></span>seq<span class=\"_ _2\"></span>uentl<span class=\"_ _2\"></span>y m<span class=\"_ _2\"></span>easu<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>d at c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span> les<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>ny ac<span class=\"_ _2\"></span>cum<span class=\"_ _2\"></span>ulat<span class=\"_ _2\"></span>ed impairment losses. Goodwill is<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">allocat<span class=\"_ _2\"></span>ed t<span class=\"_ _2\"></span>o c<span class=\"_ _2\"></span>ash<span class=\"_ _2\"></span></span>-<span class=\"ls49 ws7c\">generat<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> unit<span class=\"_ _2\"></span>s</span> <span class=\"ls53 ws80\">(CGU</span>) <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">and<span class=\"_ _2\"></span> is <span class=\"_ _2\"></span>not <span class=\"_ _2\"></span>amor<span class=\"_ _2\"></span>tise<span class=\"_ _2\"></span>d b<span class=\"_ _2\"></span>ut i<span class=\"_ _2\"></span>s </span></span>teste<span class=\"_ _2\"></span>d a<span class=\"_ _2\"></span>nnual<span class=\"_ _2\"></span>ly f<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span> impai<span class=\"_ _2\"></span>rme<span class=\"_ _2\"></span>nt,<span class=\"_ _2\"></span> or m<span class=\"_ _2\"></span>ore f<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>quentl<span class=\"_ _2\"></span>y w<span class=\"_ _2\"></span>hen t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span>re i<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>n ind<span class=\"_ _2\"></span>icat<span class=\"_ _2\"></span>ion t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>at the<span class=\"_ _2\"></span> CGU<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> impai<span class=\"_ _2\"></span>red<span class=\"_ _2\"></span>. Wit<span class=\"_ _2\"></span>h re<span class=\"_ _2\"></span>spec<span class=\"_ _2\"></span>t t<span class=\"_ _2\"></span>o a<span class=\"_ _2\"></span>ssoci<span class=\"_ _2\"></span>at<span class=\"_ _2\"></span>es a<span class=\"_ _2\"></span>nd j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> ve<span class=\"_ _2\"></span>nture<span class=\"_ _2\"></span>s, t<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>arry<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>g amo<span class=\"_ _2\"></span>unt<span class=\"_ _2\"></span> of g<span class=\"_ _2\"></span>ood<span class=\"_ _2\"></span>will i<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>uded<span class=\"_ _2\"></span> in the carrying amount of<span class=\"_ _2\"></span> the i<span class=\"ls49 wsaa\">nv<span class=\"_ _2\"></span>estm<span class=\"_ _2\"></span>ent i<span class=\"_ _2\"></span>n th<span class=\"_ _2\"></span>e as<span class=\"_ _2\"></span>soci<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span> or j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> ve<span class=\"_ _2\"></span>nture<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></span>Goodwill is tested for impairment on <span class=\"_ _2\"></span>an annual basis for each CGU to which th<span class=\"_ _2\"></span>e goodwill is allocated. When goodwill is monitored at the<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">level<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>a gr<span class=\"_ _2\"></span>oup o<span class=\"_ _2\"></span>f C<span class=\"_ _2\"></span>GUs,<span class=\"_ _2\"></span> it i<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>est<span class=\"_ _2\"></span>ed f<span class=\"_ _2\"></span>or imp<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> le<span class=\"_ _2\"></span>vel.<span class=\"_ _2\"></span> </span></span>The Gro<span class=\"_ _2\"></span>up\u2019s<span class=\"_ _2\"></span> <span class=\"ff10e ls49 ws78\">unimp<span class=\"_ _2\"></span>aired<span class=\"_ _2\"></span> <span class=\"wsaa\">good<span class=\"_ _2\"></span>will<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>ates<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> Tank<span class=\"_ _2\"></span>ers<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> Tank<span class=\"_ _2\"></span> C<span class=\"_ _2\"></span>ontai<span class=\"_ _2\"></span>ner <span class=\"_ _2\"></span>segm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s.<span class=\"_ _195\"> </span></span></span><div class=\"gs319\"><table class=\"s w173 h139\" id=\"_3ad87f3b-b425-41f5-b49e-037979807552\"><tr><td></td><td></td><td></td><td class=\"c x2d5 y2cd7 w2a hce\"><div class=\"t m0 x181 h82 y21d3 ff113 fs3b fc2 sc0 ls1 ws0\">Customer </div></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x304 h82 y2cd8 ff113 fs3b fc2 sc0 ls1 ws0\">relations/<span class=\"_ _195\"> </span></td><td class=\"c x301 y2cd7 w20 hce\"><div class=\"t m0 x181 h82 y21d5 ff113 fs3b fc2 sc0 ls1 ws0\">Computer </div></td><td></td><td></td></tr><tr><td class=\"c x246 y2cd9 w14a h102\"><div class=\"t m0 x245 h82 y29a6 ff113 fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2a3 h82 y29a7 ff113 fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x305 h82 y2cda ff113 fs3b fc2 sc0 ls2d ws4a\">Goodwill<span class=\"_ _195\"> </span></td><td class=\"c x300 y2cd7 w48 hce\"><div class=\"t m0 x180 h82 y20ce ff113 fs3b fc2 sc0 ls1e ws32\">Trademark<span class=\"ls1 ws0\"> </span></div></td><td class=\"t m0 x304 h82 y2cdb ff113 fs3b fc2 sc0 ls1 ws0\">contracts<span class=\"_ _195\"> </span></td><td class=\"t m0 x278 h82 y2cdb ff113 fs3b fc2 sc0 ls1 ws0\">software<span class=\"_ _195\"> </span></td><td class=\"t m0 x306 h82 y2cda ff113 fs3b fc2 sc0 ls1 ws0\">Other<span class=\"_ _195\"> </span></td><td class=\"t m0 x307 h82 y2cda ff113 fs3b fc2 sc0 ls1 ws0\">Total<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2cdc w93 h86\"><div class=\"t m0 x0 h87 y1c3e ff114 fs3a fc2 sc0 ls27 ws3f\">Cost:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2cdd w93 h89\"><div class=\"t m0 x0 h87 y1c3b ff114 fs3a fc2 sc0 ls2e ws5c\">Balance, <span class=\"ls1f ws3e\">December 1<span class=\"ls21 ws3b\">, 20<span class=\"ls66 ws9d\">23</span></span></span><span class=\"ls1f ws3e\"><span class=\"ls21 ws3b\"><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></span></span></div></td><td class=\"c x2ff y2cdd w8d h89\"><div class=\"t m0 x179 h87 y1c3b ff114 fs3a fc2 sc0 ls23 ws39\">33,301<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2cdd w48 h89\"><div class=\"t m0 x185 h87 y1c3b ff114 fs3a fc2 sc0 ls21 ws35\">1,35<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2cdd w2a h89\"><div class=\"t m0 x185 h87 y1c3b ff114 fs3a fc2 sc0 ls21 ws35\">7,11<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2cdd w20 h89\"><div class=\"t m0 x179 h87 y1c3b ff114 fs3a fc2 sc0 ls23 ws39\">63,233<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cdd w20 h89\"><div class=\"t m0 x185 h87 y1c3b ff114 fs3a fc2 sc0 ls21 ws35\">1,27<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cdd w55 h89\"><div class=\"t m0 x180 h87 y1c3b ff114 fs3a fc2 sc0 ls21 ws35\">106,<span class=\"_ _2\"></span>273<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cde w93 h8c\"><div class=\"t m0 x0 h88 y1c38 ff113 fs3a fc2 sc0 ls28 ws40\">Additio<span class=\"_ _2\"></span>ns<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cde w8d h8c\"><div class=\"t m0 x2d h88 y1c38 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cde w48 h8c\"><div class=\"t m0 x2d h88 y1c38 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2cde w2a h8c\"><div class=\"t m0 x2d h88 y1c38 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2cde w20 h8c\"><div class=\"t m0 x184 h88 y1c38 ff113 fs3a fc2 sc0 ls20 ws36\">8,219<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cde w20 h8c\"><div class=\"t m0 x1 h88 y1c38 ff113 fs3a fc2 sc0 ls20 ws36\">61<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cde w55 h8c\"><div class=\"t m0 x184 h88 y1c38 ff113 fs3a fc2 sc0 ls20 ws36\">8,280<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cdf w93 h86\"><div class=\"t m0 x0 h88 y1be8 ff113 fs3a fc2 sc0 ls25 ws3c\">Disposals and retirements<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cdf w8d h86\"><div class=\"t m0 x2d h88 y1be8 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cdf w25 h86\"><div class=\"t m0 x186 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">(1,357)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2cdf w2c h86\"><div class=\"t m0 x186 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">(7,111)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2cdf w2b h86\"><div class=\"t m0 x47 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">(329)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cdf w20 h86\"><div class=\"t m0 x2d h88 y1be8 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2fa y2cdf w56 h86\"><div class=\"t m0 x186 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">(8,797)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce0 w93 h86\"><div class=\"t m0 x0 h88 y1c3e ff113 fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ce0 w8d h86\"><div class=\"t m0 x193 h88 y1c3e ff113 fs3a fc2 sc0 ls20 ws36\">57<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ce0 w48 h86\"><div class=\"t m0 x2d h88 y1c3e ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2ce0 w2a h86\"><div class=\"t m0 x2d h88 y1c3e ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2ce0 w2b h86\"><div class=\"t m0 x186 h88 y1c3e ff113 fs3a fc2 sc0 ls20 ws36\">(2,767)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ce0 w20 h86\"><div class=\"t m0 x1 h88 y1c3e ff113 fs3a fc2 sc0 ls20 ws36\">59<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ce0 w56 h86\"><div class=\"t m0 x186 h88 y1c3e ff113 fs3a fc2 sc0 ls20 ws36\">(2,651)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce1 w93 h8a\"><div class=\"t m0 x0 h88 y1c3f ff113 fs3a fc2 sc0 ls25 ws41\">Reclasses <span class=\"ls24 ws3a\">and other</span><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2ce1 w8d h8a\"><div class=\"t m0 x2d h88 y1c3f ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2ce1 w48 h8a\"><div class=\"t m0 x2d h88 y1c3f ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2ce1 w2a h8a\"><div class=\"t m0 x2d h88 y1c3f ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2ce1 w20 h8a\"><div class=\"t m0 x2d h88 y1c3f ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2f9 y2ce1 w20 h8a\"><div class=\"t m0 x171 h88 y1c3f ff113 fs3a fc2 sc0 ls20 ws36\">114<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ce1 w55 h8a\"><div class=\"t m0 x1a0 h88 y1c3f ff113 fs3a fc2 sc0 ls20 ws36\">114<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce2 w93 h86\"><div class=\"t m0 x0 h87 y1bf4 ff114 fs3a fc2 sc0 ls21 ws38\">Bala<span class=\"_ _2\"></span>nce, N<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 30, 20<span class=\"_ _2\"></span><span class=\"ls66 ws9d\">24</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2ce2 w8d h86\"><div class=\"t m0 x179 h87 y1bf4 ff114 fs3a fc2 sc0 ls23 ws39\">33,358<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ce2 w48 h86\"><div class=\"t m0 xb6 h87 y1bf4 ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x2d5 y2ce2 w2a h86\"><div class=\"t m0 x2d h87 y1bf4 ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x301 y2ce2 w20 h86\"><div class=\"t m0 x179 h87 y1bf4 ff114 fs3a fc2 sc0 ls23 ws39\">68,356<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ce2 w20 h86\"><div class=\"t m0 x185 h87 y1bf4 ff114 fs3a fc2 sc0 ls21 ws35\">1,50<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ce2 w55 h86\"><div class=\"t m0 x180 h87 y1bf4 ff114 fs3a fc2 sc0 ls21 ws35\">103,<span class=\"_ _2\"></span>219<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce3 w93 h86\"><div class=\"t m0 x0 h88 y1bfa ff113 fs3a fc2 sc0 ls28 ws40\">Additio<span class=\"_ _2\"></span>ns<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ce3 w8d h86\"><div class=\"t m0 x2d h88 y1bfa ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2ce3 w48 h86\"><div class=\"t m0 x2d h88 y1bfa ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2ce3 w2a h86\"><div class=\"t m0 x2d h88 y1bfa ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2ce3 w20 h86\"><div class=\"t m0 x184 h88 y1bfa ff113 fs3a fc2 sc0 ls20 ws36\">9,350<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ce3 w20 h86\"><div class=\"t m0 x2d h88 y1bfa ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2fa y2ce3 w55 h86\"><div class=\"t m0 x184 h88 y1bfa ff113 fs3a fc2 sc0 ls20 ws36\">9,350<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce4 w93 h8c\"><div class=\"t m0 x0 h88 y1c4d ff113 fs3a fc2 sc0 ls24 ws3a\">Business combinations<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ce4 w8d h8c\"><div class=\"t m0 x183 h88 y1c4d ff113 fs3a fc2 sc0 ls20 ws36\">32,193<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ce4 w48 h8c\"><div class=\"t m0 x2d h88 y1c4d ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2ce4 w2a h8c\"><div class=\"t m0 x183 h88 y1c4d ff113 fs3a fc2 sc0 ls1 ws0\">10<span class=\"_ _3\"></span>,<span class=\"ls20 ws36\">21</span>8 </div></td><td class=\"c x301 y2ce4 w20 h8c\"><div class=\"t m0 x1a0 h88 y1c4d ff113 fs3a fc2 sc0 ls20 ws36\">695<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ce4 w20 h8c\"><div class=\"t m0 x2d h88 y1c4d ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2fa y2ce4 w55 h8c\"><div class=\"t m0 x183 h88 y1c4d ff113 fs3a fc2 sc0 ls20 ws36\">43,106<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce5 w93 h89\"><div class=\"t m0 x0 h88 y1bfa ff113 fs3a fc2 sc0 ls25 ws3c\">Disposals and retirements<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ce5 w8d h89\"><div class=\"t m0 x2d h88 y1bfa ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2ce5 w48 h89\"><div class=\"t m0 x2d h88 y1bfa ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2ce5 w2a h89\"><div class=\"t m0 x2d h88 y1bfa ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2ce5 w2b h89\"><div class=\"t m0 x186 h88 y1bfa ff113 fs3a fc2 sc0 ls20 ws36\">(2,808)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ce5 w20 h89\"><div class=\"t m0 x2d h88 y1bfa ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2fa y2ce5 w56 h89\"><div class=\"t m0 x186 h88 y1bfa ff113 fs3a fc2 sc0 ls20 ws36\">(2,808)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce6 w93 h8b\"><div class=\"t m0 x0 h88 y1c50 ff113 fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ce6 w8d h8b\"><div class=\"t m0 x184 h88 y1c50 ff113 fs3a fc2 sc0 ls20 ws36\">1,375<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ce6 w48 h8b\"><div class=\"t m0 x2d h88 y1c50 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2ce6 w2a h8b\"><div class=\"t m0 x2d h88 y1c50 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2ce6 w20 h8b\"><div class=\"t m0 x184 h88 y1c50 ff113 fs3a fc2 sc0 ls20 ws36\">1,804<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ce6 w20 h8b\"><div class=\"t m0 x171 h88 y1c50 ff113 fs3a fc2 sc0 ls20 ws36\">156<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ce6 w55 h8b\"><div class=\"t m0 x184 h88 y1c50 ff113 fs3a fc2 sc0 ls20 ws36\">3,335<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce7 w93 h8a\"><div class=\"t m0 x0 h88 y1c03 ff113 fs3a fc2 sc0 ls25 ws41\">Reclasses <span class=\"ls24 ws3a\">and other</span><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2ce7 w8d h8a\"><div class=\"t m0 x1a0 h88 y1c03 ff113 fs3a fc2 sc0 ls20 ws36\">128<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ce7 w48 h8a\"><div class=\"t m0 x2d h88 y1c03 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2ce7 w2a h8a\"><div class=\"t m0 x2d h88 y1c03 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2ce7 w20 h8a\"><div class=\"t m0 x193 h88 y1c03 ff113 fs3a fc2 sc0 ls20 ws36\">11<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ce7 w20 h8a\"><div class=\"t m0 x171 h88 y1c03 ff113 fs3a fc2 sc0 ls20 ws36\">307<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ce7 w55 h8a\"><div class=\"t m0 x1a0 h88 y1c03 ff113 fs3a fc2 sc0 ls20 ws36\">446<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce8 w93 h8c\"><div class=\"t m0 x0 h87 y1be0 ff114 fs3a fc2 sc0 ls21 ws38\">Bala<span class=\"_ _2\"></span>nce, N<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 30, 20<span class=\"_ _2\"></span><span class=\"ls66 ws9d\">25</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2ce8 w8d h8c\"><div class=\"t m0 x179 h87 y1be0 ff114 fs3a fc2 sc0 ls1 ws0\">6<span class=\"_ _1\"></span><span class=\"ls23 ws39\">7,054</span><span class=\"ls23 ws39\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x300 y2ce8 w48 h8c\"><div class=\"t m0 xb6 h87 y1be0 ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x2d5 y2ce8 w2a h8c\"><div class=\"t m0 x179 h87 y1be0 ff114 fs3a fc2 sc0 ls1 ws0\">1<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span><span class=\"ls66 ws9d\">21<span class=\"ls1 ws0\">8</span></span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x301 y2ce8 w20 h8c\"><div class=\"t m0 x179 h87 y1be0 ff114 fs3a fc2 sc0 ls23 ws39\">77,408<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ce8 w20 h8c\"><div class=\"t m0 x185 h87 y1be0 ff114 fs3a fc2 sc0 ls21 ws35\">1,96<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ce8 w55 h8c\"><div class=\"t m0 x180 h87 y1be0 ff114 fs3a fc2 sc0 ls21 ws35\">156,<span class=\"_ _2\"></span>648<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce9 w93 h86\"><div class=\"t m0 x0 h87 y1bde ff114 fs3a fc2 sc0 ls25 ws4d\">Accumulated amortisation:<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x246 y2ceb w17e h13a\"><div class=\"t m0 x245 h87 y2c4d ff114 fs3a fc2 sc0 ls2e ws5c\">Balance,<span class=\"_ _195\"> </span></div><div class=\"t m0 x308 h87 y2cea ff114 fs3a fc2 sc0 ls1f ws3e\">Decemb<span class=\"_ _2\"></span>er 1<span class=\"ls21 ws3b\">, 20<span class=\"ls66 ws9d\">23<span class=\"_ _195\"> </span></span></span></div></td><td class=\"t m0 x309 h87 y2cec ff114 fs3a fc2 sc0 ls23 ws39\">12,394<span class=\"_ _195\"> </span></td><td class=\"c x300 y2ced w48 h86\"><div class=\"t m0 x185 h87 y1c05 ff114 fs3a fc2 sc0 ls21 ws35\">1,35<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"t m0 x30a h87 y2cec ff114 fs3a fc2 sc0 ls21 ws35\">7,11<span class=\"_ _2\"></span>1<span class=\"_ _195\"> </span></td><td class=\"t m0 x278 h87 y2cec ff114 fs3a fc2 sc0 ls23 ws39\">44,077<span class=\"_ _195\"> </span></td><td class=\"t m0 x30b h87 y2cec ff114 fs3a fc2 sc0 ls21 ws35\">1,05<span class=\"_ _2\"></span>1<span class=\"_ _195\"> </span></td><td class=\"t m0 x30c h87 y2cec ff114 fs3a fc2 sc0 ls23 ws39\">65,990<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2cee w93 h8a\"><div class=\"t m0 x0 h88 y1be6 ff113 fs3a fc2 sc0 ls22 ws3e\">Amortisa<span class=\"_ _1\"></span>tion<span class=\"ls1 ws0\"> <span class=\"ls24 ws3a\">charge for the year</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cee w8d h8a\"><div class=\"t m0 x2d h88 y1be6 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cee w48 h8a\"><div class=\"t m0 x2d h88 y1be6 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2cee w2a h8a\"><div class=\"t m0 x2d h88 y1be6 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2cee w20 h8a\"><div class=\"t m0 x184 h88 y1be6 ff113 fs3a fc2 sc0 ls20 ws36\">4,341<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cee w20 h8a\"><div class=\"t m0 x2d h88 y1be6 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2fa y2cee w55 h8a\"><div class=\"t m0 x184 h88 y1be6 ff113 fs3a fc2 sc0 ls20 ws36\">4,341<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cef w93 h86\"><div class=\"t m0 x0 h88 y1be4 ff113 fs3a fc2 sc0 ls25 ws3c\">Disposals and retirements<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cef w8d h86\"><div class=\"t m0 x2d h88 y1be4 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cef w25 h86\"><div class=\"t m0 x186 h88 y1be4 ff113 fs3a fc2 sc0 ls20 ws36\">(1,357)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2cef w2c h86\"><div class=\"t m0 x186 h88 y1be4 ff113 fs3a fc2 sc0 ls20 ws36\">(7,111)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2cef w2b h86\"><div class=\"t m0 x47 h88 y1be4 ff113 fs3a fc2 sc0 ls20 ws36\">(146)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cef w20 h86\"><div class=\"t m0 x2d h88 y1be4 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2fa y2cef w56 h86\"><div class=\"t m0 x186 h88 y1be4 ff113 fs3a fc2 sc0 ls20 ws36\">(8,614)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cf0 w93 h86\"><div class=\"t m0 x0 h88 y1be2 ff113 fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x30d h88 y2cf1 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _195\"> </span></td><td class=\"c x300 y2cf0 w48 h86\"><div class=\"t m0 x2d h88 y1be2 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"t m0 x30e h88 y2cf1 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _195\"> </span></td><td class=\"t m0 x30f h88 y2cf1 ff113 fs3a fc2 sc0 ls20 ws36\">(1,076)<span class=\"_ _195\"> </span></td><td class=\"t m0 x2ad h88 y2cf1 ff113 fs3a fc2 sc0 ls20 ws36\">64<span class=\"_ _195\"> </span></td><td class=\"t m0 x310 h88 y2cf1 ff113 fs3a fc2 sc0 ls20 ws36\">(1,012)<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2cf2 w93 h8a\"><div class=\"t m0 x0 h88 y1c18 ff113 fs3a fc2 sc0 ls25 ws41\">Reclasses <span class=\"ls24 ws3a\">and other</span><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2cf2 w8d h8a\"><div class=\"t m0 x2d h88 y1c18 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cf2 w48 h8a\"><div class=\"t m0 x2d h88 y1c18 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2cf2 w2a h8a\"><div class=\"t m0 x2d h88 y1c18 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2cf2 w2b h8a\"><div class=\"t m0 x171 h88 y1c18 ff113 fs3a fc2 sc0 ls20 ws36\">(32)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cf2 w20 h8a\"><div class=\"t m0 x1 h88 y1c18 ff113 fs3a fc2 sc0 ls20 ws36\">91<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cf2 w55 h8a\"><div class=\"t m0 x193 h88 y1c18 ff113 fs3a fc2 sc0 ls20 ws36\">59<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cf3 w93 h86\"><div class=\"t m0 x0 h87 y1bea ff114 fs3a fc2 sc0 ls21 ws38\">Bala<span class=\"_ _2\"></span>nce, N<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 30, 20<span class=\"_ _2\"></span><span class=\"ls66 ws9d\">24</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2cf3 w8d h86\"><div class=\"t m0 x179 h87 y1bea ff114 fs3a fc2 sc0 ls23 ws39\">12,394<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2cf3 w48 h86\"><div class=\"t m0 xb6 h87 y1bea ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x2d5 y2cf3 w2a h86\"><div class=\"t m0 x2d h87 y1bea ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x301 y2cf3 w20 h86\"><div class=\"t m0 x179 h87 y1bea ff114 fs3a fc2 sc0 ls23 ws39\">47,164<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cf3 w20 h86\"><div class=\"t m0 x185 h87 y1bea ff114 fs3a fc2 sc0 ls21 ws35\">1,20<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cf3 w55 h86\"><div class=\"t m0 x179 h87 y1bea ff114 fs3a fc2 sc0 ls23 ws39\">60,764<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cf4 w93 h86\"><div class=\"t m0 x0 h88 y1be8 ff113 fs3a fc2 sc0 ls22 ws3e\">Amortisa<span class=\"_ _1\"></span>tion<span class=\"ls1 ws0\"> <span class=\"ls24 ws3a\">charge for the year</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cf4 w8d h86\"><div class=\"t m0 x2d h88 y1be8 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cf4 w48 h86\"><div class=\"t m0 x2d h88 y1be8 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2cf4 w2a h86\"><div class=\"t m0 x2d h88 y1be8 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2cf4 w20 h86\"><div class=\"t m0 x184 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">5,781<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cf4 w20 h86\"><div class=\"t m0 xb6 h88 y1be8 ff113 fs3a fc2 sc0 ls1 ws0\">3<span class=\"_ _1\"></span> </div></td><td class=\"c x2fa y2cf4 w55 h86\"><div class=\"t m0 x184 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">5,784<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cf5 w93 ha4\"><div class=\"t m0 x0 h88 y21ea ff113 fs3a fc2 sc0 ls25 ws3c\">Disposals and retirements<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cf5 w8d ha4\"><div class=\"t m0 x2d h88 y21ea ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cf5 w48 ha4\"><div class=\"t m0 x2d h88 y21ea ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2cf5 w2a ha4\"><div class=\"t m0 x2d h88 y21ea ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2cf5 w2b ha4\"><div class=\"t m0 x186 h88 y21ea ff113 fs3a fc2 sc0 ls20 ws36\">(2,064)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cf5 w20 ha4\"><div class=\"t m0 x2d h88 y21ea ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2fa y2cf5 w56 ha4\"><div class=\"t m0 x186 h88 y21ea ff113 fs3a fc2 sc0 ls20 ws36\">(2,064)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cf6 w93 h86\"><div class=\"t m0 x0 h88 y1be8 ff113 fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cf6 w8d h86\"><div class=\"t m0 x2d h88 y1be8 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cf6 w48 h86\"><div class=\"t m0 x2d h88 y1be8 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2cf6 w2a h86\"><div class=\"t m0 x2d h88 y1be8 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2cf6 w20 h86\"><div class=\"t m0 x1a0 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">962<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cf6 w20 h86\"><div class=\"t m0 x171 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">126<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cf6 w55 h86\"><div class=\"t m0 x184 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">1,088<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cf7 w93 h89\"><div class=\"t m0 x0 h88 y1bf4 ff113 fs3a fc2 sc0 ls25 ws41\">Reclasses <span class=\"ls24 ws3a\">and other</span><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2cf7 w8d h89\"><div class=\"t m0 x2d h88 y1bf4 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cf7 w48 h89\"><div class=\"t m0 x2d h88 y1bf4 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2cf7 w2a h89\"><div class=\"t m0 x2d h88 y1bf4 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2cf7 w20 h89\"><div class=\"t m0 x2d h88 y1bf4 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2f9 y2cf7 w20 h89\"><div class=\"t m0 x1 h88 y1bf4 ff113 fs3a fc2 sc0 ls20 ws36\">92<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cf7 w55 h89\"><div class=\"t m0 x193 h88 y1bf4 ff113 fs3a fc2 sc0 ls20 ws36\">92<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cf8 w93 h86\"><div class=\"t m0 x0 h87 y1bef ff114 fs3a fc2 sc0 ls21 ws38\">Bala<span class=\"_ _2\"></span>nce, N<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 30, 20<span class=\"_ _2\"></span><span class=\"ls66 ws9d\">25</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2cf8 w8d h86\"><div class=\"t m0 x179 h87 y1bef ff114 fs3a fc2 sc0 ls23 ws39\">12,394<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2cf8 w48 h86\"><div class=\"t m0 xb6 h87 y1bef ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x2d5 y2cf8 w2a h86\"><div class=\"t m0 x2d h87 y1bef ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x301 y2cf8 w20 h86\"><div class=\"t m0 x179 h87 y1bef ff114 fs3a fc2 sc0 ls23 ws39\">51,843<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cf8 w20 h86\"><div class=\"t m0 x185 h87 y1bef ff114 fs3a fc2 sc0 ls21 ws35\">1,42<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cf8 w55 h86\"><div class=\"t m0 x179 h87 y1bef ff114 fs3a fc2 sc0 ls23 ws39\">65,664<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cf9 w93 h8a\"><div class=\"t m0 x0 h87 y1c41 ff114 fs3a fc2 sc0 ls1f ws33\">Net book v<span class=\"_ _2\"></span>alue:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2cfa w93 h86\"><div class=\"t m0 x0 h87 y1bfa ff114 fs3a fc2 sc0 ls21 ws38\">At Nov<span class=\"_ _2\"></span>embe<span class=\"_ _2\"></span>r 30, <span class=\"_ _2\"></span>20<span class=\"ls66 ws9d\">24</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2cfa w8d h86\"><div class=\"t m0 x179 h87 y1bfa ff114 fs3a fc2 sc0 ls23 ws39\">20,964<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2cfa w48 h86\"><div class=\"t m0 xb6 h87 y1bfa ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x2d5 y2cfa w2a h86\"><div class=\"t m0 x2d h87 y1bfa ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x301 y2cfa w20 h86\"><div class=\"t m0 x179 h87 y1bfa ff114 fs3a fc2 sc0 ls23 ws39\">21,192<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cfa w20 h86\"><div class=\"t m0 x1a0 h87 y1bfa ff114 fs3a fc2 sc0 ls21 ws35\">299<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cfa w55 h86\"><div class=\"t m0 x179 h87 y1bfa ff114 fs3a fc2 sc0 ls23 ws39\">42,455<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cfb w93 h86\"><div class=\"t m0 x0 h87 y1bf8 ff114 fs3a fc2 sc0 ls21 ws38\">At Nov<span class=\"_ _2\"></span>embe<span class=\"_ _2\"></span>r 30, <span class=\"_ _2\"></span>20<span class=\"ls66 ws9d\">25</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2cfb w8d h86\"><div class=\"t m0 x179 h87 y1bf8 ff114 fs3a fc2 sc0 ls1 ws0\">5<span class=\"_ _1\"></span>4,<span class=\"_ _1\"></span><span class=\"ls66 ws9d\">66<span class=\"ls1 ws0\">0</span></span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x300 y2cfb w48 h86\"><div class=\"t m0 xb6 h87 y1bf8 ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x2d5 y2cfb w2a h86\"><div class=\"t m0 x179 h87 y1bf8 ff114 fs3a fc2 sc0 ls1 ws0\">1<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span><span class=\"ls66 ws9d\">21<span class=\"ls1 ws0\">8</span></span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x301 y2cfb w20 h86\"><div class=\"t m0 x179 h87 y1bf8 ff114 fs3a fc2 sc0 ls23 ws39\">25,565<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cfb w20 h86\"><div class=\"t m0 x1a0 h87 y1bf8 ff114 fs3a fc2 sc0 ls21 ws35\">541<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cfb w55 h86\"><div class=\"t m0 x179 h87 y1bf8 ff114 fs3a fc2 sc0 ls23 ws39\">90,984<span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 h98 ff113 fs39 fc2 sc0 ls30 ws4f gs31a\">Other th<span class=\"_ _2\"></span>an goodw<span class=\"_ _2\"></span>ill,<span class=\"_ _2\"></span> a<span class=\"ls2f ws70\">ll int<span class=\"_ _2\"></span>angible asset<span class=\"_ _2\"></span>s were subj<span class=\"_ _2\"></span>ect to a<span class=\"ws75\">m<span class=\"_ _2\"></span>ortisation as of November<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">30, 2025 <span class=\"_ _2\"></span>and 2024.<span class=\"ls1 ws0\"> </span></span></span></span></span><span class=\"ls2f ws70\"><span class=\"ws75\"><span class=\"ls1 ws0\"><span class=\"ls31 ws51\"><span class=\"ls1 ws0\"> </span></span></span></span></span></div>At November 30, 2025, g<span class=\"ls2f ws70\">oodwill <span class=\"_ _2\"></span>primarily consisted<span class=\"_ _2\"></span> of<span class=\"ls1 ws0\"> </span>$27.4 milli<span class=\"_ _2\"></span>on<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">on the S<span class=\"_ _2\"></span>utto<span class=\"_ _2\"></span>ns</span> <span class=\"ls30 ws50\">acquisi<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n, $4<span class=\"_ _2\"></span>.8 </span></span></span>million on <span class=\"_ _2\"></span>the Avenir <span class=\"_ _2\"></span>acquisition, <span class=\"_ _2\"></span>$5.4 millio<span class=\"_ _2\"></span>n for goodwill<span class=\"_ _2\"></span> on a p<span class=\"_ _2\"></span>rior year <span class=\"_ _2\"></span>acquisition of<span class=\"_ _2\"></span> the Tanke<span class=\"_ _2\"></span>rs segme<span class=\"_ _2\"></span>nt and<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls31 ws53\">$17.<span class=\"_ _1\"></span><span class=\"ls1 ws0\">0 <span class=\"ls30 ws50\">million<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>ated to<span class=\"_ _2\"></span> a p<span class=\"_ _2\"></span>rio<span class=\"_ _2\"></span>r year<span class=\"_ _2\"></span> bus<span class=\"_ _2\"></span>iness<span class=\"_ _2\"></span> comb<span class=\"_ _2\"></span>inat<span class=\"_ _2\"></span>ion i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> T<span class=\"_ _2\"></span>ank Co<span class=\"_ _2\"></span>ntaine<span class=\"_ _2\"></span>rs<span class=\"_ _2\"></span> </span></span></span></span>segment.<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">A custom<span class=\"_ _2\"></span>er <span class=\"_ _2\"></span>relati<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span> inta<span class=\"_ _2\"></span>ngible<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>et <span class=\"_ _2\"></span>has bee<span class=\"_ _2\"></span>n <span class=\"_ _2\"></span>record<span class=\"_ _2\"></span>ed in<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n to<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Sutto<span class=\"_ _2\"></span>ns </span></span>acqui<span class=\"_ _2\"></span>sition.<span class=\"_ _2\"></span> See<span class=\"_ _2\"></span> No<span class=\"_ _2\"></span>te 33<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span>Revaluation for<span class=\"_ _2\"></span> foreign exc<span class=\"_ _2\"></span>hange differences <span class=\"_ _2\"></span>for goodwill<span class=\"_ _2\"></span> and other<span class=\"_ _2\"></span> intangibles am<span class=\"_ _2\"></span>ounted to <span class=\"_ _2\"></span>a <span class=\"ls30 ws52\">g<span class=\"_ _2\"></span>ain<span class=\"ls1 ws0\"> </span></span>of $<span class=\"ls48 ws72\">2.2<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">millio<span class=\"_ _2\"></span>n <span class=\"ls30 ws50\">for the<span class=\"_ _2\"></span> yea<span class=\"_ _2\"></span>r ende<span class=\"_ _2\"></span>d <span class=\"ls31 ws51\">November 30, 2025<span class=\"ls1 ws0\">.</span></span></span></span></span></span><span class=\"ls48 ws72\"><span class=\"ls1 ws0\"><span class=\"ls2f ws4e\"><span class=\"ls30 ws50\"><span class=\"ls31 ws51\"><span class=\"ls1 ws0\"> </span></span></span></span></span></span>The trad<span class=\"_ _2\"></span>emark<span class=\"_ _2\"></span> inta<span class=\"_ _2\"></span>ngible<span class=\"_ _2\"></span> was am<span class=\"_ _2\"></span>ortised<span class=\"_ _2\"></span> over a <span class=\"ls53 ws80\">te<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">year life and<span class=\"_ _2\"></span> is now <span class=\"_ _2\"></span>fully amortised<span class=\"_ _2\"></span></span>, <span class=\"_ _3\"></span><span class=\"ls2f ws70\">w<span class=\"_ _2\"></span>hile the </span></span></span>prio<span class=\"_ _2\"></span>r year<span class=\"_ _2\"></span> cus<span class=\"_ _2\"></span>tome<span class=\"_ _2\"></span>r rel<span class=\"_ _2\"></span>ations<span class=\"_ _2\"></span> an<span class=\"_ _2\"></span>d cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>s int<span class=\"_ _2\"></span>angib<span class=\"_ _2\"></span>les <span class=\"_ _2\"></span><span class=\"ls47 ws82\">had be<span class=\"_ _1\"></span>en <span class=\"_ _2\"></span><span class=\"ls30 ws52\">amorti<span class=\"_ _2\"></span>sed from<span class=\"_ _2\"></span> <span class=\"ls31 ws51\">t<span class=\"_ _1\"></span>wo t<span class=\"_ _2\"></span>o 14 years </span></span></span>and are now<span class=\"_ _2\"></span> fully amortised<span class=\"_ _2\"></span>. The<span class=\"_ _2\"></span> Suttons cus<span class=\"_ _2\"></span>tomer relations<span class=\"_ _2\"></span> intangible ass<span class=\"_ _2\"></span>et will be am<span class=\"_ _2\"></span>ortised o<span class=\"_ _2\"></span>ver ten years. Comp<span class=\"_ _2\"></span>uter softw<span class=\"_ _2\"></span>are is <span class=\"_ _2\"></span>being amortised o<span class=\"_ _2\"></span>ver an<span class=\"ls1 ws0\"> </span>average life<span class=\"_ _2\"></span> of three t<span class=\"_ _2\"></span>o<span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">ten</span> <span class=\"ls30 ws52\">years.<span class=\"_ _2\"></span></span> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-607": {
   "value": "In the ca<span class=\"_ _2\"></span>se of b<span class=\"_ _2\"></span>argain pu<span class=\"_ _2\"></span>rchases<span class=\"_ _2\"></span>, the exce<span class=\"_ _2\"></span>ss of <span class=\"_ _2\"></span>net ass<span class=\"_ _2\"></span>ets acqui<span class=\"_ _2\"></span>red o<span class=\"_ _2\"></span>ver the fair<span class=\"_ _2\"></span> value <span class=\"_ _2\"></span>of the consi<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on paid<span class=\"_ _2\"></span> arisi<span class=\"_ _2\"></span>ng on<span class=\"_ _2\"></span> an acq<span class=\"_ _2\"></span>uisi<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>on is<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">recognised i<span class=\"_ _2\"></span>n</span> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">o<span class=\"_ _2\"></span>the<span class=\"_ _2\"></span>r op<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ing i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> </span></span>st<span class=\"_ _1\"></span>atem<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span> in the<span class=\"_ _1\"></span> perio<span class=\"_ _1\"></span>d in<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>wh<span class=\"_ _1\"></span>ich<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>the<span class=\"_ _1\"></span> acqu<span class=\"_ _1\"></span>isit<span class=\"_ _1\"></span>ion is<span class=\"_ _1\"></span> com<span class=\"_ _1\"></span>ple<span class=\"_ _1\"></span>ted.<span class=\"_ _195\"> </span>Other<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ang<span class=\"_ _2\"></span>ible<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>ets <span class=\"_ _2\"></span>wit<span class=\"_ _2\"></span>h fi<span class=\"_ _2\"></span>nit<span class=\"_ _2\"></span>e li<span class=\"_ _2\"></span>ves t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> acq<span class=\"_ _2\"></span>uir<span class=\"_ _2\"></span>ed b<span class=\"_ _2\"></span>y the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up <span class=\"_ _2\"></span>are st<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> cos<span class=\"_ _2\"></span>t le<span class=\"_ _2\"></span>ss <span class=\"_ _2\"></span>accum<span class=\"_ _2\"></span>ulat<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>amor<span class=\"_ _2\"></span>tis<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n and<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>impai<span class=\"_ _2\"></span>rm<span class=\"_ _2\"></span>ent l<span class=\"_ _2\"></span>osse<span class=\"_ _2\"></span>s. A<span class=\"_ _2\"></span>mort<span class=\"_ _2\"></span>isa<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n of<span class=\"_ _2\"></span> cust<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>mer c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span>s is c<span class=\"_ _2\"></span>har<span class=\"_ _2\"></span>ged<span class=\"_ _2\"></span> to o<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng revenue o<span class=\"_ _2\"></span>ver the<span class=\"_ _2\"></span> life of<span class=\"_ _2\"></span> the <span class=\"ls2f ws2f\">cont<span class=\"_ _2\"></span>racts based on<span class=\"_ _2\"></span> the underlyi<span class=\"_ _2\"></span>ng cash f<span class=\"_ _2\"></span>lows. Other fi<span class=\"_ _2\"></span>nite<span class=\"ls1 ws0\">-<span class=\"ls49 wsaa\">lived i<span class=\"_ _2\"></span>nta<span class=\"_ _2\"></span>ngibl<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>are <span class=\"_ _2\"></span>charg<span class=\"_ _2\"></span>ed<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e st<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> unde<span class=\"_ _2\"></span>r op<span class=\"_ _2\"></span>era<span class=\"_ _2\"></span>ting<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>ens<span class=\"_ _2\"></span>es o<span class=\"_ _2\"></span>ver<span class=\"_ _2\"></span> the e<span class=\"_ _2\"></span>sti<span class=\"_ _2\"></span>mated<span class=\"_ _2\"></span> u<span class=\"_ _2\"></span>seful<span class=\"_ _2\"></span> liv<span class=\"_ _2\"></span>es of<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he </span></span></span>inta<span class=\"_ _2\"></span>ngibl<span class=\"_ _2\"></span>e a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span>s o<span class=\"_ _2\"></span>n a st<span class=\"_ _2\"></span>rai<span class=\"_ _2\"></span>ght<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls54 ws70\">li<span class=\"_ _2\"></span>ne basis. <span class=\"ls49 wsaa\">The<span class=\"_ _2\"></span> trad<span class=\"_ _2\"></span>ema<span class=\"_ _2\"></span>rk i<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span>angibl<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> was<span class=\"_ _2\"></span> amort<span class=\"_ _2\"></span>ise<span class=\"_ _2\"></span>d o<span class=\"_ _2\"></span>ver <span class=\"_ _2\"></span>a <span class=\"ls48 ws72\">ten<span class=\"ls1 ws0\">-</span></span></span>year lif<span class=\"ls1 ws0\">e,<span class=\"_ _1\"></span> <span class=\"ls48 ws32\">while t<span class=\"_ _2\"></span>he custo<span class=\"_ _2\"></span>mer rel<span class=\"_ _2\"></span>ations a<span class=\"_ _2\"></span>nd contr<span class=\"_ _2\"></span>act int<span class=\"_ _2\"></span>angibles we<span class=\"_ _2\"></span>re amor<span class=\"_ _2\"></span>tised fr<span class=\"_ _2\"></span>om tw<span class=\"_ _2\"></span>o to 14 <span class=\"_ _2\"></span>years.<span class=\"_ _2\"></span></span> <span class=\"_ _1\"></span><span class=\"ls4b ws77\">Bot<span class=\"_ _2\"></span>h </span></span></span></span>intangibles were retired during 2024.<span class=\"ls1 ws0\"> C<span class=\"ls53\">omputer s<span class=\"_ _2\"></span>oftware<span class=\"_ _2\"></span> is am<span class=\"_ _2\"></span>orti<span class=\"_ _2\"></span>sed ov<span class=\"_ _2\"></span>er a<span class=\"_ _2\"></span>n avera<span class=\"_ _2\"></span>ge lif<span class=\"_ _2\"></span>e of t<span class=\"_ _2\"></span>hree t<span class=\"_ _2\"></span>o <span class=\"ls61 ws89\">ten</span></span> <span class=\"ls48 ws72\">years</span>. </span>Intangi<span class=\"_ _2\"></span>ble<span class=\"_ _2\"></span> asse<span class=\"_ _2\"></span>ts a<span class=\"_ _2\"></span>re sh<span class=\"_ _2\"></span>own be<span class=\"_ _2\"></span>lo<span class=\"_ _2\"></span>w:<span class=\"ls1 ws0\"> </span><table class=\"s w173 h139\" id=\"_3ad87f3b-b425-41f5-b49e-037979807552\"><tr><td></td><td></td><td></td><td class=\"c x2d5 y2cd7 w2a hce\"><div class=\"t m0 x181 h82 y21d3 ff113 fs3b fc2 sc0 ls1 ws0\">Customer </div></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x304 h82 y2cd8 ff113 fs3b fc2 sc0 ls1 ws0\">relations/<span class=\"_ _195\"> </span></td><td class=\"c x301 y2cd7 w20 hce\"><div class=\"t m0 x181 h82 y21d5 ff113 fs3b fc2 sc0 ls1 ws0\">Computer </div></td><td></td><td></td></tr><tr><td class=\"c x246 y2cd9 w14a h102\"><div class=\"t m0 x245 h82 y29a6 ff113 fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2a3 h82 y29a7 ff113 fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x305 h82 y2cda ff113 fs3b fc2 sc0 ls2d ws4a\">Goodwill<span class=\"_ _195\"> </span></td><td class=\"c x300 y2cd7 w48 hce\"><div class=\"t m0 x180 h82 y20ce ff113 fs3b fc2 sc0 ls1e ws32\">Trademark<span class=\"ls1 ws0\"> </span></div></td><td class=\"t m0 x304 h82 y2cdb ff113 fs3b fc2 sc0 ls1 ws0\">contracts<span class=\"_ _195\"> </span></td><td class=\"t m0 x278 h82 y2cdb ff113 fs3b fc2 sc0 ls1 ws0\">software<span class=\"_ _195\"> </span></td><td class=\"t m0 x306 h82 y2cda ff113 fs3b fc2 sc0 ls1 ws0\">Other<span class=\"_ _195\"> </span></td><td class=\"t m0 x307 h82 y2cda ff113 fs3b fc2 sc0 ls1 ws0\">Total<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2cdc w93 h86\"><div class=\"t m0 x0 h87 y1c3e ff114 fs3a fc2 sc0 ls27 ws3f\">Cost:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2cdd w93 h89\"><div class=\"t m0 x0 h87 y1c3b ff114 fs3a fc2 sc0 ls2e ws5c\">Balance, <span class=\"ls1f ws3e\">December 1<span class=\"ls21 ws3b\">, 20<span class=\"ls66 ws9d\">23</span></span></span><span class=\"ls1f ws3e\"><span class=\"ls21 ws3b\"><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></span></span></div></td><td class=\"c x2ff y2cdd w8d h89\"><div class=\"t m0 x179 h87 y1c3b ff114 fs3a fc2 sc0 ls23 ws39\">33,301<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2cdd w48 h89\"><div class=\"t m0 x185 h87 y1c3b ff114 fs3a fc2 sc0 ls21 ws35\">1,35<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2cdd w2a h89\"><div class=\"t m0 x185 h87 y1c3b ff114 fs3a fc2 sc0 ls21 ws35\">7,11<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2cdd w20 h89\"><div class=\"t m0 x179 h87 y1c3b ff114 fs3a fc2 sc0 ls23 ws39\">63,233<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cdd w20 h89\"><div class=\"t m0 x185 h87 y1c3b ff114 fs3a fc2 sc0 ls21 ws35\">1,27<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cdd w55 h89\"><div class=\"t m0 x180 h87 y1c3b ff114 fs3a fc2 sc0 ls21 ws35\">106,<span class=\"_ _2\"></span>273<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cde w93 h8c\"><div class=\"t m0 x0 h88 y1c38 ff113 fs3a fc2 sc0 ls28 ws40\">Additio<span class=\"_ _2\"></span>ns<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cde w8d h8c\"><div class=\"t m0 x2d h88 y1c38 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cde w48 h8c\"><div class=\"t m0 x2d h88 y1c38 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2cde w2a h8c\"><div class=\"t m0 x2d h88 y1c38 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2cde w20 h8c\"><div class=\"t m0 x184 h88 y1c38 ff113 fs3a fc2 sc0 ls20 ws36\">8,219<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cde w20 h8c\"><div class=\"t m0 x1 h88 y1c38 ff113 fs3a fc2 sc0 ls20 ws36\">61<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cde w55 h8c\"><div class=\"t m0 x184 h88 y1c38 ff113 fs3a fc2 sc0 ls20 ws36\">8,280<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cdf w93 h86\"><div class=\"t m0 x0 h88 y1be8 ff113 fs3a fc2 sc0 ls25 ws3c\">Disposals and retirements<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cdf w8d h86\"><div class=\"t m0 x2d h88 y1be8 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cdf w25 h86\"><div class=\"t m0 x186 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">(1,357)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2cdf w2c h86\"><div class=\"t m0 x186 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">(7,111)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2cdf w2b h86\"><div class=\"t m0 x47 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">(329)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cdf w20 h86\"><div class=\"t m0 x2d h88 y1be8 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2fa y2cdf w56 h86\"><div class=\"t m0 x186 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">(8,797)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce0 w93 h86\"><div class=\"t m0 x0 h88 y1c3e ff113 fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ce0 w8d h86\"><div class=\"t m0 x193 h88 y1c3e ff113 fs3a fc2 sc0 ls20 ws36\">57<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ce0 w48 h86\"><div class=\"t m0 x2d h88 y1c3e ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2ce0 w2a h86\"><div class=\"t m0 x2d h88 y1c3e ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2ce0 w2b h86\"><div class=\"t m0 x186 h88 y1c3e ff113 fs3a fc2 sc0 ls20 ws36\">(2,767)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ce0 w20 h86\"><div class=\"t m0 x1 h88 y1c3e ff113 fs3a fc2 sc0 ls20 ws36\">59<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ce0 w56 h86\"><div class=\"t m0 x186 h88 y1c3e ff113 fs3a fc2 sc0 ls20 ws36\">(2,651)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce1 w93 h8a\"><div class=\"t m0 x0 h88 y1c3f ff113 fs3a fc2 sc0 ls25 ws41\">Reclasses <span class=\"ls24 ws3a\">and other</span><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2ce1 w8d h8a\"><div class=\"t m0 x2d h88 y1c3f ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2ce1 w48 h8a\"><div class=\"t m0 x2d h88 y1c3f ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2ce1 w2a h8a\"><div class=\"t m0 x2d h88 y1c3f ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2ce1 w20 h8a\"><div class=\"t m0 x2d h88 y1c3f ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2f9 y2ce1 w20 h8a\"><div class=\"t m0 x171 h88 y1c3f ff113 fs3a fc2 sc0 ls20 ws36\">114<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ce1 w55 h8a\"><div class=\"t m0 x1a0 h88 y1c3f ff113 fs3a fc2 sc0 ls20 ws36\">114<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce2 w93 h86\"><div class=\"t m0 x0 h87 y1bf4 ff114 fs3a fc2 sc0 ls21 ws38\">Bala<span class=\"_ _2\"></span>nce, N<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 30, 20<span class=\"_ _2\"></span><span class=\"ls66 ws9d\">24</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2ce2 w8d h86\"><div class=\"t m0 x179 h87 y1bf4 ff114 fs3a fc2 sc0 ls23 ws39\">33,358<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ce2 w48 h86\"><div class=\"t m0 xb6 h87 y1bf4 ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x2d5 y2ce2 w2a h86\"><div class=\"t m0 x2d h87 y1bf4 ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x301 y2ce2 w20 h86\"><div class=\"t m0 x179 h87 y1bf4 ff114 fs3a fc2 sc0 ls23 ws39\">68,356<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ce2 w20 h86\"><div class=\"t m0 x185 h87 y1bf4 ff114 fs3a fc2 sc0 ls21 ws35\">1,50<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ce2 w55 h86\"><div class=\"t m0 x180 h87 y1bf4 ff114 fs3a fc2 sc0 ls21 ws35\">103,<span class=\"_ _2\"></span>219<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce3 w93 h86\"><div class=\"t m0 x0 h88 y1bfa ff113 fs3a fc2 sc0 ls28 ws40\">Additio<span class=\"_ _2\"></span>ns<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ce3 w8d h86\"><div class=\"t m0 x2d h88 y1bfa ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2ce3 w48 h86\"><div class=\"t m0 x2d h88 y1bfa ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2ce3 w2a h86\"><div class=\"t m0 x2d h88 y1bfa ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2ce3 w20 h86\"><div class=\"t m0 x184 h88 y1bfa ff113 fs3a fc2 sc0 ls20 ws36\">9,350<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ce3 w20 h86\"><div class=\"t m0 x2d h88 y1bfa ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2fa y2ce3 w55 h86\"><div class=\"t m0 x184 h88 y1bfa ff113 fs3a fc2 sc0 ls20 ws36\">9,350<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce4 w93 h8c\"><div class=\"t m0 x0 h88 y1c4d ff113 fs3a fc2 sc0 ls24 ws3a\">Business combinations<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ce4 w8d h8c\"><div class=\"t m0 x183 h88 y1c4d ff113 fs3a fc2 sc0 ls20 ws36\">32,193<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ce4 w48 h8c\"><div class=\"t m0 x2d h88 y1c4d ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2ce4 w2a h8c\"><div class=\"t m0 x183 h88 y1c4d ff113 fs3a fc2 sc0 ls1 ws0\">10<span class=\"_ _3\"></span>,<span class=\"ls20 ws36\">21</span>8 </div></td><td class=\"c x301 y2ce4 w20 h8c\"><div class=\"t m0 x1a0 h88 y1c4d ff113 fs3a fc2 sc0 ls20 ws36\">695<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ce4 w20 h8c\"><div class=\"t m0 x2d h88 y1c4d ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2fa y2ce4 w55 h8c\"><div class=\"t m0 x183 h88 y1c4d ff113 fs3a fc2 sc0 ls20 ws36\">43,106<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce5 w93 h89\"><div class=\"t m0 x0 h88 y1bfa ff113 fs3a fc2 sc0 ls25 ws3c\">Disposals and retirements<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ce5 w8d h89\"><div class=\"t m0 x2d h88 y1bfa ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2ce5 w48 h89\"><div class=\"t m0 x2d h88 y1bfa ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2ce5 w2a h89\"><div class=\"t m0 x2d h88 y1bfa ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2ce5 w2b h89\"><div class=\"t m0 x186 h88 y1bfa ff113 fs3a fc2 sc0 ls20 ws36\">(2,808)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ce5 w20 h89\"><div class=\"t m0 x2d h88 y1bfa ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2fa y2ce5 w56 h89\"><div class=\"t m0 x186 h88 y1bfa ff113 fs3a fc2 sc0 ls20 ws36\">(2,808)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce6 w93 h8b\"><div class=\"t m0 x0 h88 y1c50 ff113 fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2ce6 w8d h8b\"><div class=\"t m0 x184 h88 y1c50 ff113 fs3a fc2 sc0 ls20 ws36\">1,375<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ce6 w48 h8b\"><div class=\"t m0 x2d h88 y1c50 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2ce6 w2a h8b\"><div class=\"t m0 x2d h88 y1c50 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2ce6 w20 h8b\"><div class=\"t m0 x184 h88 y1c50 ff113 fs3a fc2 sc0 ls20 ws36\">1,804<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ce6 w20 h8b\"><div class=\"t m0 x171 h88 y1c50 ff113 fs3a fc2 sc0 ls20 ws36\">156<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ce6 w55 h8b\"><div class=\"t m0 x184 h88 y1c50 ff113 fs3a fc2 sc0 ls20 ws36\">3,335<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce7 w93 h8a\"><div class=\"t m0 x0 h88 y1c03 ff113 fs3a fc2 sc0 ls25 ws41\">Reclasses <span class=\"ls24 ws3a\">and other</span><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2ce7 w8d h8a\"><div class=\"t m0 x1a0 h88 y1c03 ff113 fs3a fc2 sc0 ls20 ws36\">128<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2ce7 w48 h8a\"><div class=\"t m0 x2d h88 y1c03 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2ce7 w2a h8a\"><div class=\"t m0 x2d h88 y1c03 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2ce7 w20 h8a\"><div class=\"t m0 x193 h88 y1c03 ff113 fs3a fc2 sc0 ls20 ws36\">11<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ce7 w20 h8a\"><div class=\"t m0 x171 h88 y1c03 ff113 fs3a fc2 sc0 ls20 ws36\">307<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ce7 w55 h8a\"><div class=\"t m0 x1a0 h88 y1c03 ff113 fs3a fc2 sc0 ls20 ws36\">446<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce8 w93 h8c\"><div class=\"t m0 x0 h87 y1be0 ff114 fs3a fc2 sc0 ls21 ws38\">Bala<span class=\"_ _2\"></span>nce, N<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 30, 20<span class=\"_ _2\"></span><span class=\"ls66 ws9d\">25</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2ce8 w8d h8c\"><div class=\"t m0 x179 h87 y1be0 ff114 fs3a fc2 sc0 ls1 ws0\">6<span class=\"_ _1\"></span><span class=\"ls23 ws39\">7,054</span><span class=\"ls23 ws39\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x300 y2ce8 w48 h8c\"><div class=\"t m0 xb6 h87 y1be0 ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x2d5 y2ce8 w2a h8c\"><div class=\"t m0 x179 h87 y1be0 ff114 fs3a fc2 sc0 ls1 ws0\">1<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span><span class=\"ls66 ws9d\">21<span class=\"ls1 ws0\">8</span></span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x301 y2ce8 w20 h8c\"><div class=\"t m0 x179 h87 y1be0 ff114 fs3a fc2 sc0 ls23 ws39\">77,408<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2ce8 w20 h8c\"><div class=\"t m0 x185 h87 y1be0 ff114 fs3a fc2 sc0 ls21 ws35\">1,96<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ce8 w55 h8c\"><div class=\"t m0 x180 h87 y1be0 ff114 fs3a fc2 sc0 ls21 ws35\">156,<span class=\"_ _2\"></span>648<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ce9 w93 h86\"><div class=\"t m0 x0 h87 y1bde ff114 fs3a fc2 sc0 ls25 ws4d\">Accumulated amortisation:<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x246 y2ceb w17e h13a\"><div class=\"t m0 x245 h87 y2c4d ff114 fs3a fc2 sc0 ls2e ws5c\">Balance,<span class=\"_ _195\"> </span></div><div class=\"t m0 x308 h87 y2cea ff114 fs3a fc2 sc0 ls1f ws3e\">Decemb<span class=\"_ _2\"></span>er 1<span class=\"ls21 ws3b\">, 20<span class=\"ls66 ws9d\">23<span class=\"_ _195\"> </span></span></span></div></td><td class=\"t m0 x309 h87 y2cec ff114 fs3a fc2 sc0 ls23 ws39\">12,394<span class=\"_ _195\"> </span></td><td class=\"c x300 y2ced w48 h86\"><div class=\"t m0 x185 h87 y1c05 ff114 fs3a fc2 sc0 ls21 ws35\">1,35<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"t m0 x30a h87 y2cec ff114 fs3a fc2 sc0 ls21 ws35\">7,11<span class=\"_ _2\"></span>1<span class=\"_ _195\"> </span></td><td class=\"t m0 x278 h87 y2cec ff114 fs3a fc2 sc0 ls23 ws39\">44,077<span class=\"_ _195\"> </span></td><td class=\"t m0 x30b h87 y2cec ff114 fs3a fc2 sc0 ls21 ws35\">1,05<span class=\"_ _2\"></span>1<span class=\"_ _195\"> </span></td><td class=\"t m0 x30c h87 y2cec ff114 fs3a fc2 sc0 ls23 ws39\">65,990<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2cee w93 h8a\"><div class=\"t m0 x0 h88 y1be6 ff113 fs3a fc2 sc0 ls22 ws3e\">Amortisa<span class=\"_ _1\"></span>tion<span class=\"ls1 ws0\"> <span class=\"ls24 ws3a\">charge for the year</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cee w8d h8a\"><div class=\"t m0 x2d h88 y1be6 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cee w48 h8a\"><div class=\"t m0 x2d h88 y1be6 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2cee w2a h8a\"><div class=\"t m0 x2d h88 y1be6 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2cee w20 h8a\"><div class=\"t m0 x184 h88 y1be6 ff113 fs3a fc2 sc0 ls20 ws36\">4,341<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cee w20 h8a\"><div class=\"t m0 x2d h88 y1be6 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2fa y2cee w55 h8a\"><div class=\"t m0 x184 h88 y1be6 ff113 fs3a fc2 sc0 ls20 ws36\">4,341<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cef w93 h86\"><div class=\"t m0 x0 h88 y1be4 ff113 fs3a fc2 sc0 ls25 ws3c\">Disposals and retirements<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cef w8d h86\"><div class=\"t m0 x2d h88 y1be4 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cef w25 h86\"><div class=\"t m0 x186 h88 y1be4 ff113 fs3a fc2 sc0 ls20 ws36\">(1,357)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d5 y2cef w2c h86\"><div class=\"t m0 x186 h88 y1be4 ff113 fs3a fc2 sc0 ls20 ws36\">(7,111)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x301 y2cef w2b h86\"><div class=\"t m0 x47 h88 y1be4 ff113 fs3a fc2 sc0 ls20 ws36\">(146)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cef w20 h86\"><div class=\"t m0 x2d h88 y1be4 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2fa y2cef w56 h86\"><div class=\"t m0 x186 h88 y1be4 ff113 fs3a fc2 sc0 ls20 ws36\">(8,614)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cf0 w93 h86\"><div class=\"t m0 x0 h88 y1be2 ff113 fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x30d h88 y2cf1 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _195\"> </span></td><td class=\"c x300 y2cf0 w48 h86\"><div class=\"t m0 x2d h88 y1be2 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"t m0 x30e h88 y2cf1 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _195\"> </span></td><td class=\"t m0 x30f h88 y2cf1 ff113 fs3a fc2 sc0 ls20 ws36\">(1,076)<span class=\"_ _195\"> </span></td><td class=\"t m0 x2ad h88 y2cf1 ff113 fs3a fc2 sc0 ls20 ws36\">64<span class=\"_ _195\"> </span></td><td class=\"t m0 x310 h88 y2cf1 ff113 fs3a fc2 sc0 ls20 ws36\">(1,012)<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2cf2 w93 h8a\"><div class=\"t m0 x0 h88 y1c18 ff113 fs3a fc2 sc0 ls25 ws41\">Reclasses <span class=\"ls24 ws3a\">and other</span><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2cf2 w8d h8a\"><div class=\"t m0 x2d h88 y1c18 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cf2 w48 h8a\"><div class=\"t m0 x2d h88 y1c18 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2cf2 w2a h8a\"><div class=\"t m0 x2d h88 y1c18 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2cf2 w2b h8a\"><div class=\"t m0 x171 h88 y1c18 ff113 fs3a fc2 sc0 ls20 ws36\">(32)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cf2 w20 h8a\"><div class=\"t m0 x1 h88 y1c18 ff113 fs3a fc2 sc0 ls20 ws36\">91<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cf2 w55 h8a\"><div class=\"t m0 x193 h88 y1c18 ff113 fs3a fc2 sc0 ls20 ws36\">59<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cf3 w93 h86\"><div class=\"t m0 x0 h87 y1bea ff114 fs3a fc2 sc0 ls21 ws38\">Bala<span class=\"_ _2\"></span>nce, N<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 30, 20<span class=\"_ _2\"></span><span class=\"ls66 ws9d\">24</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2cf3 w8d h86\"><div class=\"t m0 x179 h87 y1bea ff114 fs3a fc2 sc0 ls23 ws39\">12,394<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2cf3 w48 h86\"><div class=\"t m0 xb6 h87 y1bea ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x2d5 y2cf3 w2a h86\"><div class=\"t m0 x2d h87 y1bea ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x301 y2cf3 w20 h86\"><div class=\"t m0 x179 h87 y1bea ff114 fs3a fc2 sc0 ls23 ws39\">47,164<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cf3 w20 h86\"><div class=\"t m0 x185 h87 y1bea ff114 fs3a fc2 sc0 ls21 ws35\">1,20<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cf3 w55 h86\"><div class=\"t m0 x179 h87 y1bea ff114 fs3a fc2 sc0 ls23 ws39\">60,764<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cf4 w93 h86\"><div class=\"t m0 x0 h88 y1be8 ff113 fs3a fc2 sc0 ls22 ws3e\">Amortisa<span class=\"_ _1\"></span>tion<span class=\"ls1 ws0\"> <span class=\"ls24 ws3a\">charge for the year</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cf4 w8d h86\"><div class=\"t m0 x2d h88 y1be8 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cf4 w48 h86\"><div class=\"t m0 x2d h88 y1be8 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2cf4 w2a h86\"><div class=\"t m0 x2d h88 y1be8 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2cf4 w20 h86\"><div class=\"t m0 x184 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">5,781<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cf4 w20 h86\"><div class=\"t m0 xb6 h88 y1be8 ff113 fs3a fc2 sc0 ls1 ws0\">3<span class=\"_ _1\"></span> </div></td><td class=\"c x2fa y2cf4 w55 h86\"><div class=\"t m0 x184 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">5,784<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cf5 w93 ha4\"><div class=\"t m0 x0 h88 y21ea ff113 fs3a fc2 sc0 ls25 ws3c\">Disposals and retirements<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cf5 w8d ha4\"><div class=\"t m0 x2d h88 y21ea ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cf5 w48 ha4\"><div class=\"t m0 x2d h88 y21ea ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2cf5 w2a ha4\"><div class=\"t m0 x2d h88 y21ea ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2cf5 w2b ha4\"><div class=\"t m0 x186 h88 y21ea ff113 fs3a fc2 sc0 ls20 ws36\">(2,064)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cf5 w20 ha4\"><div class=\"t m0 x2d h88 y21ea ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2fa y2cf5 w56 ha4\"><div class=\"t m0 x186 h88 y21ea ff113 fs3a fc2 sc0 ls20 ws36\">(2,064)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cf6 w93 h86\"><div class=\"t m0 x0 h88 y1be8 ff113 fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ff y2cf6 w8d h86\"><div class=\"t m0 x2d h88 y1be8 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cf6 w48 h86\"><div class=\"t m0 x2d h88 y1be8 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2cf6 w2a h86\"><div class=\"t m0 x2d h88 y1be8 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2cf6 w20 h86\"><div class=\"t m0 x1a0 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">962<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cf6 w20 h86\"><div class=\"t m0 x171 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">126<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cf6 w55 h86\"><div class=\"t m0 x184 h88 y1be8 ff113 fs3a fc2 sc0 ls20 ws36\">1,088<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cf7 w93 h89\"><div class=\"t m0 x0 h88 y1bf4 ff113 fs3a fc2 sc0 ls25 ws41\">Reclasses <span class=\"ls24 ws3a\">and other</span><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2cf7 w8d h89\"><div class=\"t m0 x2d h88 y1bf4 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x300 y2cf7 w48 h89\"><div class=\"t m0 x2d h88 y1bf4 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2d5 y2cf7 w2a h89\"><div class=\"t m0 x2d h88 y1bf4 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x301 y2cf7 w20 h89\"><div class=\"t m0 x2d h88 y1bf4 ff115 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff113\"> </span></div></td><td class=\"c x2f9 y2cf7 w20 h89\"><div class=\"t m0 x1 h88 y1bf4 ff113 fs3a fc2 sc0 ls20 ws36\">92<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cf7 w55 h89\"><div class=\"t m0 x193 h88 y1bf4 ff113 fs3a fc2 sc0 ls20 ws36\">92<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cf8 w93 h86\"><div class=\"t m0 x0 h87 y1bef ff114 fs3a fc2 sc0 ls21 ws38\">Bala<span class=\"_ _2\"></span>nce, N<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 30, 20<span class=\"_ _2\"></span><span class=\"ls66 ws9d\">25</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2cf8 w8d h86\"><div class=\"t m0 x179 h87 y1bef ff114 fs3a fc2 sc0 ls23 ws39\">12,394<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2cf8 w48 h86\"><div class=\"t m0 xb6 h87 y1bef ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x2d5 y2cf8 w2a h86\"><div class=\"t m0 x2d h87 y1bef ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x301 y2cf8 w20 h86\"><div class=\"t m0 x179 h87 y1bef ff114 fs3a fc2 sc0 ls23 ws39\">51,843<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cf8 w20 h86\"><div class=\"t m0 x185 h87 y1bef ff114 fs3a fc2 sc0 ls21 ws35\">1,42<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cf8 w55 h86\"><div class=\"t m0 x179 h87 y1bef ff114 fs3a fc2 sc0 ls23 ws39\">65,664<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cf9 w93 h8a\"><div class=\"t m0 x0 h87 y1c41 ff114 fs3a fc2 sc0 ls1f ws33\">Net book v<span class=\"_ _2\"></span>alue:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2cfa w93 h86\"><div class=\"t m0 x0 h87 y1bfa ff114 fs3a fc2 sc0 ls21 ws38\">At Nov<span class=\"_ _2\"></span>embe<span class=\"_ _2\"></span>r 30, <span class=\"_ _2\"></span>20<span class=\"ls66 ws9d\">24</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2cfa w8d h86\"><div class=\"t m0 x179 h87 y1bfa ff114 fs3a fc2 sc0 ls23 ws39\">20,964<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x300 y2cfa w48 h86\"><div class=\"t m0 xb6 h87 y1bfa ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x2d5 y2cfa w2a h86\"><div class=\"t m0 x2d h87 y1bfa ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x301 y2cfa w20 h86\"><div class=\"t m0 x179 h87 y1bfa ff114 fs3a fc2 sc0 ls23 ws39\">21,192<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cfa w20 h86\"><div class=\"t m0 x1a0 h87 y1bfa ff114 fs3a fc2 sc0 ls21 ws35\">299<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cfa w55 h86\"><div class=\"t m0 x179 h87 y1bfa ff114 fs3a fc2 sc0 ls23 ws39\">42,455<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2cfb w93 h86\"><div class=\"t m0 x0 h87 y1bf8 ff114 fs3a fc2 sc0 ls21 ws38\">At Nov<span class=\"_ _2\"></span>embe<span class=\"_ _2\"></span>r 30, <span class=\"_ _2\"></span>20<span class=\"ls66 ws9d\">25</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2ff y2cfb w8d h86\"><div class=\"t m0 x179 h87 y1bf8 ff114 fs3a fc2 sc0 ls1 ws0\">5<span class=\"_ _1\"></span>4,<span class=\"_ _1\"></span><span class=\"ls66 ws9d\">66<span class=\"ls1 ws0\">0</span></span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x300 y2cfb w48 h86\"><div class=\"t m0 xb6 h87 y1bf8 ff116 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff114\"> </span></div></td><td class=\"c x2d5 y2cfb w2a h86\"><div class=\"t m0 x179 h87 y1bf8 ff114 fs3a fc2 sc0 ls1 ws0\">1<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span><span class=\"ls66 ws9d\">21<span class=\"ls1 ws0\">8</span></span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x301 y2cfb w20 h86\"><div class=\"t m0 x179 h87 y1bf8 ff114 fs3a fc2 sc0 ls23 ws39\">25,565<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2cfb w20 h86\"><div class=\"t m0 x1a0 h87 y1bf8 ff114 fs3a fc2 sc0 ls21 ws35\">541<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2cfb w55 h86\"><div class=\"t m0 x179 h87 y1bf8 ff114 fs3a fc2 sc0 ls23 ws39\">90,984<span class=\"ls1 ws0\"> </span></div></td></tr></table>Other th<span class=\"_ _2\"></span>an goodw<span class=\"_ _2\"></span>ill,<span class=\"_ _2\"></span> a<span class=\"ls2f ws70\">ll int<span class=\"_ _2\"></span>angible asset<span class=\"_ _2\"></span>s were subj<span class=\"_ _2\"></span>ect to a<span class=\"ws75\">m<span class=\"_ _2\"></span>ortisation as of November<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">30, 2025 <span class=\"_ _2\"></span>and 2024.<span class=\"ls1 ws0\"> </span></span></span></span></span>During<span class=\"_ _2\"></span> the y<span class=\"_ _2\"></span>ear<span class=\"_ _2\"></span> ende<span class=\"_ _2\"></span>d No<span class=\"_ _2\"></span>vembe<span class=\"_ _2\"></span>r 30<span class=\"_ _2\"></span>, 202<span class=\"_ _2\"></span>5, <span class=\"_ _2\"></span>the G<span class=\"_ _2\"></span>roup <span class=\"_ _2\"></span>had ad<span class=\"_ _2\"></span>diti<span class=\"_ _2\"></span>ons <span class=\"_ _2\"></span>of <span class=\"ls2f ws70\">in<span class=\"_ _2\"></span>tangible assets<span class=\"_ _2\"></span> of $9.4<span class=\"_ _2\"></span> </span>million, <span class=\"ls30 ws50\">excludi<span class=\"_ _2\"></span>ng ad<span class=\"_ _2\"></span>diti<span class=\"_ _2\"></span>ons <span class=\"_ _2\"></span>relati<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>o busi<span class=\"_ _2\"></span>nes<span class=\"_ _2\"></span>s comb<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>tions<span class=\"_ _2\"></span>. Ad<span class=\"_ _2\"></span>ditio<span class=\"_ _2\"></span>ns, ex<span class=\"_ _2\"></span>cl<span class=\"_ _2\"></span>uding<span class=\"_ _2\"></span> accru<span class=\"_ _2\"></span>als d<span class=\"_ _2\"></span>uri<span class=\"_ _2\"></span>ng </span>the<span class=\"ls1 ws0\"> </span><span class=\"ws50\">year, w<span class=\"_ _2\"></span>ere <span class=\"_ _2\"></span><span class=\"ls31 ws53\">$4.5<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">million on intangible<span class=\"_ _2\"></span> assets, ma<span class=\"_ _2\"></span>inly on <span class=\"_ _2\"></span>the acquisition</span>s <span class=\"ls4a ws74\">of compu<span class=\"_ _2\"></span>ter softw<span class=\"_ _2\"></span>are. <span class=\"_ _2\"></span></span> </span></span></span>At November 30, 2025, g<span class=\"ls2f ws70\">oodwill <span class=\"_ _2\"></span>primarily consisted<span class=\"_ _2\"></span> of<span class=\"ls1 ws0\"> </span>$27.4 milli<span class=\"_ _2\"></span>on<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">on the S<span class=\"_ _2\"></span>utto<span class=\"_ _2\"></span>ns</span> <span class=\"ls30 ws50\">acquisi<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n, $4<span class=\"_ _2\"></span>.8 </span></span></span>million on <span class=\"_ _2\"></span>the Avenir <span class=\"_ _2\"></span>acquisition, <span class=\"_ _2\"></span>$5.4 millio<span class=\"_ _2\"></span>n for goodwill<span class=\"_ _2\"></span> on a p<span class=\"_ _2\"></span>rior year <span class=\"_ _2\"></span>acquisition of<span class=\"_ _2\"></span> the Tanke<span class=\"_ _2\"></span>rs segme<span class=\"_ _2\"></span>nt and<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls31 ws53\">$17.<span class=\"_ _1\"></span><span class=\"ls1 ws0\">0 <span class=\"ls30 ws50\">million<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>ated to<span class=\"_ _2\"></span> a p<span class=\"_ _2\"></span>rio<span class=\"_ _2\"></span>r year<span class=\"_ _2\"></span> bus<span class=\"_ _2\"></span>iness<span class=\"_ _2\"></span> comb<span class=\"_ _2\"></span>inat<span class=\"_ _2\"></span>ion i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> T<span class=\"_ _2\"></span>ank Co<span class=\"_ _2\"></span>ntaine<span class=\"_ _2\"></span>rs<span class=\"_ _2\"></span> </span></span></span></span>segment.<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">A custom<span class=\"_ _2\"></span>er <span class=\"_ _2\"></span>relati<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span> inta<span class=\"_ _2\"></span>ngible<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>et <span class=\"_ _2\"></span>has bee<span class=\"_ _2\"></span>n <span class=\"_ _2\"></span>record<span class=\"_ _2\"></span>ed in<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n to<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Sutto<span class=\"_ _2\"></span>ns </span></span>acqui<span class=\"_ _2\"></span>sition.<span class=\"_ _2\"></span> See<span class=\"_ _2\"></span> No<span class=\"_ _2\"></span>te 33<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span>Revaluation for<span class=\"_ _2\"></span> foreign exc<span class=\"_ _2\"></span>hange differences <span class=\"_ _2\"></span>for goodwill<span class=\"_ _2\"></span> and other<span class=\"_ _2\"></span> intangibles am<span class=\"_ _2\"></span>ounted to <span class=\"_ _2\"></span>a <span class=\"ls30 ws52\">g<span class=\"_ _2\"></span>ain<span class=\"ls1 ws0\"> </span></span>of $<span class=\"ls48 ws72\">2.2<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">millio<span class=\"_ _2\"></span>n <span class=\"ls30 ws50\">for the<span class=\"_ _2\"></span> yea<span class=\"_ _2\"></span>r ende<span class=\"_ _2\"></span>d <span class=\"ls31 ws51\">November 30, 2025<span class=\"ls1 ws0\">.</span></span></span></span></span></span><span class=\"ls48 ws72\"><span class=\"ls1 ws0\"><span class=\"ls2f ws4e\"><span class=\"ls30 ws50\"><span class=\"ls31 ws51\"><span class=\"ls1 ws0\"> </span></span></span></span></span></span>The trad<span class=\"_ _2\"></span>emark<span class=\"_ _2\"></span> inta<span class=\"_ _2\"></span>ngible<span class=\"_ _2\"></span> was am<span class=\"_ _2\"></span>ortised<span class=\"_ _2\"></span> over a <span class=\"ls53 ws80\">te<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">year life and<span class=\"_ _2\"></span> is now <span class=\"_ _2\"></span>fully amortised<span class=\"_ _2\"></span></span>, <span class=\"_ _3\"></span><span class=\"ls2f ws70\">w<span class=\"_ _2\"></span>hile the </span></span></span>prio<span class=\"_ _2\"></span>r year<span class=\"_ _2\"></span> cus<span class=\"_ _2\"></span>tome<span class=\"_ _2\"></span>r rel<span class=\"_ _2\"></span>ations<span class=\"_ _2\"></span> an<span class=\"_ _2\"></span>d cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>s int<span class=\"_ _2\"></span>angib<span class=\"_ _2\"></span>les <span class=\"_ _2\"></span><span class=\"ls47 ws82\">had be<span class=\"_ _1\"></span>en <span class=\"_ _2\"></span><span class=\"ls30 ws52\">amorti<span class=\"_ _2\"></span>sed from<span class=\"_ _2\"></span> <span class=\"ls31 ws51\">t<span class=\"_ _1\"></span>wo t<span class=\"_ _2\"></span>o 14 years </span></span></span>and are now<span class=\"_ _2\"></span> fully amortised<span class=\"_ _2\"></span>. The<span class=\"_ _2\"></span> Suttons cus<span class=\"_ _2\"></span>tomer relations<span class=\"_ _2\"></span> intangible ass<span class=\"_ _2\"></span>et will be am<span class=\"_ _2\"></span>ortised o<span class=\"_ _2\"></span>ver ten years. Comp<span class=\"_ _2\"></span>uter softw<span class=\"_ _2\"></span>are is <span class=\"_ _2\"></span>being amortised o<span class=\"_ _2\"></span>ver an<span class=\"ls1 ws0\"> </span>average life<span class=\"_ _2\"></span> of three t<span class=\"_ _2\"></span>o<span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">ten</span> <span class=\"ls30 ws52\">years.<span class=\"_ _2\"></span></span> </span>Impai<span class=\"_ _2\"></span>rment Testin<span class=\"_ _2\"></span>g of Non<span class=\"ls1 ws0\">-<span class=\"ls5e wsc9\">curren<span class=\"_ _2\"></span>t Asse<span class=\"_ _2\"></span>ts</span> </span>In the<span class=\"_ _2\"></span> cur<span class=\"_ _2\"></span>rent y<span class=\"_ _2\"></span>ear<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> equi<span class=\"_ _2\"></span>ty o<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup w<span class=\"_ _2\"></span>as mo<span class=\"_ _2\"></span>re th<span class=\"_ _2\"></span>an it<span class=\"_ _2\"></span>s m<span class=\"_ _2\"></span>arket c<span class=\"_ _2\"></span>apit<span class=\"_ _2\"></span>alis<span class=\"_ _2\"></span>ation.<span class=\"_ _2\"></span> In <span class=\"_ _2\"></span>acco<span class=\"_ _2\"></span>rdanc<span class=\"_ _2\"></span>e with I<span class=\"_ _2\"></span>AS 16<span class=\"_ _2\"></span>, Im<span class=\"_ _2\"></span>pai<span class=\"_ _2\"></span>rment o<span class=\"_ _2\"></span>f A<span class=\"_ _2\"></span>ssets<span class=\"_ _2\"></span>, this<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> an imp<span class=\"_ _2\"></span>airm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> trigg<span class=\"_ _2\"></span>er. I<span class=\"_ _2\"></span>n add<span class=\"_ _2\"></span>ition<span class=\"_ _2\"></span>, th<span class=\"_ _2\"></span>e Aus<span class=\"_ _2\"></span>trali<span class=\"_ _2\"></span>a te<span class=\"_ _2\"></span>rminal<span class=\"_ _2\"></span> CGU\u2019s remained l<span class=\"_ _2\"></span>ower than m<span class=\"_ _2\"></span>anagement\u2019s pr<span class=\"_ _2\"></span>ojections. As<span class=\"_ _2\"></span><span class=\"ff119 ls1 ws0\"> <span class=\"ls2f ws75\">a result, impairment testing for the </span></span>operating segments\u2019 CGUs was performed as of November 30, 2025. <span class=\"_ _2\"></span><span class=\"ff119 ls1 ws0\"> </span>CGUs<span class=\"_ _2\"></span> a<span class=\"ls2f ws70\">re the smalle<span class=\"_ _2\"></span>st identifi<span class=\"_ _2\"></span>able<span class=\"ls1 ws0\"> <span class=\"ls47 ws82\">gro<span class=\"_ _1\"></span>ups of asset<span class=\"_ _1\"></span>s that genera<span class=\"_ _1\"></span>tes cash i<span class=\"_ _1\"></span>nflows that<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>are la<span class=\"_ _1\"></span>rgely </span></span></span>indepe<span class=\"_ _2\"></span>ndent<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>ash <span class=\"_ _2\"></span>inflo<span class=\"_ _2\"></span>ws <span class=\"_ _2\"></span>from <span class=\"_ _2\"></span>other<span class=\"_ _2\"></span> asse<span class=\"_ _2\"></span>ts o<span class=\"_ _2\"></span>r gr<span class=\"_ _2\"></span>oup of<span class=\"_ _2\"></span> as<span class=\"_ _2\"></span>sets.<span class=\"_ _2\"></span> <span class=\"ws52\">M<span class=\"_ _2\"></span>anagem<span class=\"_ _2\"></span>ent<span class=\"ls1 ws0\"> </span></span>measu<span class=\"_ _2\"></span>res t<span class=\"_ _2\"></span>he recove<span class=\"_ _2\"></span>rable<span class=\"_ _2\"></span> amou<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> <span class=\"ls54 wsca\">each CG<span class=\"_ _2\"></span>U<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">by<span class=\"_ _2\"></span> comp<span class=\"_ _2\"></span>aring<span class=\"_ _2\"></span> thei<span class=\"_ _2\"></span>r c<span class=\"_ _2\"></span>arrying<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span>moun<span class=\"_ _2\"></span>t wit<span class=\"_ _2\"></span>h<span class=\"ls1 ws0\"> </span>the hig<span class=\"_ _2\"></span>her<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>heir f<span class=\"_ _2\"></span>air </span></span></span>va<span class=\"_ _1\"></span>lue les<span class=\"_ _1\"></span>s costs o<span class=\"_ _1\"></span>f dispos<span class=\"_ _1\"></span>al<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">(FVLCD)<span class=\"_ _2\"></span> or <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span> in u<span class=\"_ _2\"></span>se (VI<span class=\"_ _2\"></span>U).<span class=\"_ _2\"></span> </span> </span>Chemic<span class=\"_ _2\"></span>al t<span class=\"_ _2\"></span>ankers<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> barge<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>(Tanke<span class=\"_ _2\"></span>rs<span class=\"_ _2\"></span>) and A<span class=\"_ _2\"></span>veni<span class=\"_ _2\"></span>r LN<span class=\"_ _2\"></span>G ship<span class=\"_ _2\"></span>s ob<span class=\"_ _2\"></span>taine<span class=\"_ _2\"></span>d val<span class=\"_ _2\"></span>uatio<span class=\"_ _2\"></span>ns f<span class=\"_ _2\"></span>rom <span class=\"_ _2\"></span>outsid<span class=\"_ _2\"></span>e broke<span class=\"_ _2\"></span>rs as<span class=\"_ _2\"></span> well<span class=\"_ _2\"></span> as p<span class=\"_ _2\"></span>erfo<span class=\"_ _2\"></span>rmed <span class=\"_ _2\"></span>VIU c<span class=\"_ _2\"></span>alcul<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ons by<span class=\"_ _2\"></span> CG<span class=\"_ _2\"></span>U. Fo<span class=\"_ _2\"></span>r T<span class=\"_ _2\"></span>ankers<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> CGUs<span class=\"_ _2\"></span> ide<span class=\"_ _2\"></span>ntif<span class=\"_ _2\"></span>ied <span class=\"_ _2\"></span>are t<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>) deep<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2f ws70\">sea <span class=\"_ _2\"></span>fleet plus i<span class=\"_ _2\"></span>nterdepende<span class=\"_ _2\"></span>nt regional fleet<span class=\"_ _2\"></span>s, ii) regi<span class=\"_ _2\"></span>onal fleets,<span class=\"_ _2\"></span> and iii) E<span class=\"_ _2\"></span>uropean barges<span class=\"_ _2\"></span>, as </span></span>those <span class=\"_ _2\"></span>are t<span class=\"_ _2\"></span>he l<span class=\"_ _2\"></span>owes<span class=\"_ _2\"></span>t leve<span class=\"_ _2\"></span>ls i<span class=\"_ _2\"></span>n whi<span class=\"_ _2\"></span>ch t<span class=\"_ _2\"></span>he cas<span class=\"_ _2\"></span>h f<span class=\"_ _2\"></span>lows a<span class=\"_ _2\"></span>re i<span class=\"_ _2\"></span>ndepe<span class=\"_ _2\"></span>nde<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> othe<span class=\"_ _2\"></span>r CGU<span class=\"_ _2\"></span>s. <span class=\"_ _2\"></span><span class=\"ls2f ws75\">Of the total net </span>carryi<span class=\"_ _2\"></span>ng v<span class=\"_ _2\"></span>alue o<span class=\"_ _2\"></span>f T<span class=\"_ _2\"></span>ankers<span class=\"_ _2\"></span>, th<span class=\"_ _2\"></span>e de<span class=\"_ _2\"></span>ep<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">sea fleet plus i<span class=\"_ _2\"></span>nterdependent <span class=\"_ _2\"></span>regional flee<span class=\"_ _2\"></span>ts are 86% <span class=\"_ _2\"></span>of the <span class=\"_ _2\"></span>net </span></span>carryi<span class=\"_ _2\"></span>ng v<span class=\"_ _2\"></span>alue.<span class=\"_ _2\"></span> Aven<span class=\"_ _2\"></span>ir L<span class=\"_ _2\"></span>NG shi<span class=\"_ _2\"></span>ps <span class=\"_ _2\"></span>are c<span class=\"_ _2\"></span>onsid<span class=\"_ _2\"></span>ered <span class=\"_ _2\"></span>to b<span class=\"_ _2\"></span>e one<span class=\"_ _2\"></span> CGU.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>As the ships wi<span class=\"_ _2\"></span>thin eac<span class=\"_ _2\"></span>h CGU are in<span class=\"_ _2\"></span>terchangeable, c<span class=\"_ _2\"></span>ash inflows<span class=\"_ _2\"></span> per ship<span class=\"_ _2\"></span> are depende<span class=\"_ _2\"></span>nt on fleet scheduling, and <span class=\"_ _2\"></span>all ships w<span class=\"_ _2\"></span>ithin each C<span class=\"_ _2\"></span>GU are seen<span class=\"_ _2\"></span> together as<span class=\"_ _2\"></span> a portfolio<span class=\"_ _2\"></span> of ships. <span class=\"_ _2\"></span>Ships will o<span class=\"_ _2\"></span>nly be impaired i<span class=\"_ _2\"></span>f the total <span class=\"_ _2\"></span>recoverab<span class=\"_ _2\"></span>le amount of<span class=\"_ _2\"></span> the ships w<span class=\"_ _2\"></span>it<span class=\"ls30 ws50\">hi<span class=\"_ _2\"></span>n a C<span class=\"_ _2\"></span>GU is<span class=\"_ _2\"></span> lowe<span class=\"_ _2\"></span>r th<span class=\"_ _2\"></span>an the<span class=\"_ _2\"></span> ca<span class=\"_ _2\"></span>rrying<span class=\"_ _2\"></span> </span>amount<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>ated <span class=\"_ _2\"></span>to th<span class=\"_ _2\"></span>at C<span class=\"_ _2\"></span>GU.<span class=\"ls1 ws0\"> </span>For the Termi<span class=\"_ _2\"></span>nals, each te<span class=\"_ _2\"></span>rminal <span class=\"_ _2\"></span>is a separat<span class=\"_ _2\"></span>e CGU while <span class=\"_ _2\"></span>STC is c<span class=\"_ _2\"></span>onsidered to<span class=\"_ _2\"></span> be a si<span class=\"_ _2\"></span>ngle CGU. For<span class=\"ls1 ws0\"> </span><span class=\"ws50\">Stolt<span class=\"_ _2\"></span> Sea<span class=\"_ _2\"></span> Farm<span class=\"_ _2\"></span>, CG<span class=\"_ _2\"></span>Us are<span class=\"_ _2\"></span> se<span class=\"_ _2\"></span>parate<span class=\"_ _2\"></span>d be<span class=\"_ _2\"></span>twee<span class=\"_ _2\"></span>n turb<span class=\"_ _2\"></span>ot a<span class=\"_ _2\"></span>nd sol<span class=\"_ _2\"></span>e ope<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ons.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>For T<span class=\"_ _2\"></span>ankers<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> Ave<span class=\"_ _2\"></span>nir,<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>reco<span class=\"_ _2\"></span>verable<span class=\"_ _2\"></span> amou<span class=\"_ _2\"></span>nts w<span class=\"_ _2\"></span>ere b<span class=\"_ _2\"></span>ased<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>FVLCT<span class=\"_ _2\"></span>S. F<span class=\"_ _2\"></span>or Term<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>ls, T<span class=\"_ _2\"></span>ank<span class=\"_ _2\"></span> Contai<span class=\"_ _2\"></span>ners<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> Stol<span class=\"_ _2\"></span>t Se<span class=\"_ _2\"></span>a Farm<span class=\"_ _2\"></span> CGU<span class=\"_ _2\"></span>s, the<span class=\"_ _2\"></span> reco<span class=\"_ _2\"></span>ver<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span> amoun<span class=\"_ _2\"></span>ts w<span class=\"_ _2\"></span>ere b<span class=\"_ _2\"></span>ased<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>VIU w<span class=\"_ _2\"></span>hich<span class=\"_ _2\"></span> used <span class=\"_ _2\"></span>a discou<span class=\"_ _2\"></span>nted<span class=\"_ _2\"></span> cash<span class=\"_ _2\"></span> flow<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he ap<span class=\"_ _2\"></span>prove<span class=\"_ _2\"></span>d pro<span class=\"_ _2\"></span>jecti<span class=\"_ _2\"></span>ons i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>ve<span class=\"ls1 ws0\">-</span><span class=\"ws4f\">year p<span class=\"_ _2\"></span>lan.<span class=\"ls1 ws0\"> </span></span>Based<span class=\"_ _2\"></span> on m<span class=\"_ _2\"></span>anage<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> judgem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> and p<span class=\"_ _2\"></span>ast<span class=\"_ _2\"></span> expe<span class=\"_ _2\"></span>rience<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> f<span class=\"_ _2\"></span>ollow<span class=\"_ _2\"></span>ing <span class=\"_ _2\"></span>assump<span class=\"_ _2\"></span>tions<span class=\"_ _2\"></span> were<span class=\"_ _2\"></span> use<span class=\"_ _2\"></span>d in<span class=\"_ _2\"></span> the calc<span class=\"_ _2\"></span>ulati<span class=\"_ _2\"></span>on of VI<span class=\"_ _2\"></span>U:<span class=\"ls1 ws0\"> </span>\u2022<span class=\"ff11d\"> <span class=\"_ _b\"> </span><span class=\"ff119 fs39 fc2 ls4b ws77\">Pre<span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">tax disc<span class=\"_ _2\"></span>oun<span class=\"_ _2\"></span>t rate<span class=\"_ _2\"></span>s r<span class=\"_ _2\"></span>ange f<span class=\"_ _2\"></span>rom<span class=\"_ _2\"></span> <span class=\"ls31 ws51\">7.0% to 10.8%<span class=\"ls59 ws95\">, <span class=\"ls2f ws70\">based on the WACC<span class=\"_ _2\"></span>, which reflects<span class=\"_ _2\"></span> specific </span></span></span></span></span></span></span>risks relating<span class=\"_ _2\"></span> to CGUs.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>\u2022<span class=\"ff11d\"> <span class=\"_ _b\"> </span><span class=\"ff119 fs39 fc2 ls30 ws50\">Future g<span class=\"_ _2\"></span>rowt<span class=\"_ _2\"></span>h rate<span class=\"_ _2\"></span>s <span class=\"ls2f ws4e\">were </span>base<span class=\"_ _2\"></span>d <span class=\"_ _2\"></span>on tre<span class=\"_ _2\"></span>nds i<span class=\"_ _2\"></span>n ind<span class=\"_ _2\"></span>ust<span class=\"_ _2\"></span>rial p<span class=\"_ _2\"></span>roduc<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> </span><span class=\"ws4f\">and suppl<span class=\"_ _2\"></span>y<span class=\"ls1 ws0\">-</span></span>demand b<span class=\"_ _2\"></span>ala<span class=\"_ _2\"></span>nce i<span class=\"_ _2\"></span>n </span></span>the m<span class=\"_ _2\"></span>arkets<span class=\"_ _2\"></span><span class=\"ls1 ws0\">. <span class=\"_ _1\"></span><span class=\"ls30 ws50\">Fo<span class=\"_ _2\"></span>r Tank<span class=\"_ _2\"></span>ers,<span class=\"_ _2\"></span> after<span class=\"_ _2\"></span> adjus<span class=\"_ _2\"></span>tmen<span class=\"_ _2\"></span>t of<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span>s ov<span class=\"_ _2\"></span>er two<span class=\"_ _2\"></span> yea<span class=\"_ _2\"></span>rs t<span class=\"_ _2\"></span>o the<span class=\"_ _2\"></span> long<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span>term <span class=\"_ _2\"></span>average<span class=\"_ _2\"></span> TCE<span class=\"_ _2\"></span>, </span></span>the gro<span class=\"_ _2\"></span>wth<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span> is 2<span class=\"_ _2\"></span>.0%.<span class=\"_ _2\"></span> For<span class=\"_ _2\"></span> all o<span class=\"_ _2\"></span>ther<span class=\"_ _2\"></span> CGUs<span class=\"_ _2\"></span>, t<span class=\"_ _2\"></span>he g<span class=\"_ _2\"></span>rowth<span class=\"ls1 ws0\"> </span>rate<span class=\"_ _2\"></span> used<span class=\"_ _2\"></span> b<span class=\"_ _2\"></span>eyond <span class=\"_ _2\"></span>the pr<span class=\"_ _2\"></span>ojec<span class=\"_ _2\"></span>tion p<span class=\"_ _2\"></span>eriod<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">is </span></span>2<span class=\"ls4c ws79\">.0<span class=\"ls2f ws70\">%, which does not ex<span class=\"_ _2\"></span>ceed the lo<span class=\"_ _2\"></span>ng</span></span>-<span class=\"ls2f ws75\">term average inflation rate for the <span class=\"ls4b ws77\">CGUs<span class=\"_ _2\"></span></span></span>. \u2022<span class=\"ff11d\"> <span class=\"_ _b\"> </span><span class=\"ff119 fs39 fc2 ls30 ws50\">For Tanke<span class=\"_ _2\"></span>rs, <span class=\"_ _2\"></span>assum<span class=\"_ _2\"></span>pti<span class=\"_ _2\"></span>ons<span class=\"ls1 ws0\"> <span class=\"ls4a ws76\">of</span> <span class=\"ls2f ws70\">time charter eq<span class=\"_ _2\"></span>uivalent (TCE<span class=\"_ _2\"></span>)</span> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">pe<span class=\"_ _2\"></span>r op<span class=\"_ _2\"></span>era<span class=\"_ _2\"></span>ting<span class=\"_ _2\"></span> day (<span class=\"_ _2\"></span>a p<span class=\"_ _2\"></span>rofit m<span class=\"_ _2\"></span>eas<span class=\"_ _2\"></span>ure of<span class=\"_ _2\"></span> </span></span></span></span>opera<span class=\"_ _2\"></span>ting reve<span class=\"_ _2\"></span>nue<span class=\"_ _2\"></span> less va<span class=\"_ _2\"></span>riabl<span class=\"_ _2\"></span>e voyag<span class=\"_ _2\"></span>e expe<span class=\"_ _2\"></span>nses<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws50\">incl<span class=\"_ _2\"></span>uding<span class=\"_ _2\"></span> bunke<span class=\"_ _2\"></span>r co<span class=\"_ _2\"></span>sts<span class=\"ls1 ws0\">) </span>on existi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>and f<span class=\"_ _2\"></span>uture<span class=\"_ _2\"></span> </span></span>contrac<span class=\"_ _2\"></span>ts<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>the sp<span class=\"_ _2\"></span>ot m<span class=\"_ _2\"></span>arke<span class=\"_ _2\"></span>t<span class=\"ls49 ws78\">, </span>during <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> projec<span class=\"_ _2\"></span>t pe<span class=\"_ _2\"></span>riod<span class=\"_ _2\"></span> from<span class=\"_ _2\"></span> 202<span class=\"_ _2\"></span><span class=\"ls1 ws0\">6 <span class=\"_ _1\"></span><span class=\"ls53 ws32\">to 2<span class=\"_ _2\"></span>0<span class=\"ls31 ws53\">30<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">for the deep</span>-<span class=\"ls2f ws70\">sea fleet </span></span></span></span></span>(adjust<span class=\"_ _2\"></span>ed f<span class=\"_ _2\"></span>or cap<span class=\"_ _2\"></span>aci<span class=\"_ _2\"></span>ty ch<span class=\"_ _2\"></span>ange<span class=\"_ _2\"></span>s) i<span class=\"_ _2\"></span>s an av<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>age <span class=\"ls57 ws86\">in</span>crease<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> <span class=\"ls46 ws6f\">1.2<span class=\"_ _2\"></span>% </span><span class=\"ws52\">and<span class=\"ls1 ws0\"> </span><span class=\"ws4f\">for the <span class=\"ls1 ws0\">r<span class=\"ls2f ws70\">egional fleets <span class=\"_ _2\"></span>is <span class=\"ls48 ws72\">0.8%<span class=\"_ _2\"></span>. </span></span></span></span></span>In addition, it<span class=\"_ _2\"></span> is ass<span class=\"_ _2\"></span>umed that the p<span class=\"_ _2\"></span>ercentage of C<span class=\"_ _2\"></span>OA to spo<span class=\"_ _2\"></span>t volume doe<span class=\"_ _2\"></span>s not c<span class=\"_ _2\"></span>hange materially from c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>nt p<span class=\"_ _2\"></span>roject<span class=\"_ _2\"></span>ions<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> COA<span class=\"_ _2\"></span> cont<span class=\"_ _2\"></span>racts <span class=\"_ _2\"></span>are <span class=\"_ _2\"></span>reneg<span class=\"_ _2\"></span>oti<span class=\"_ _2\"></span>ated s<span class=\"_ _2\"></span>ucc<span class=\"_ _2\"></span>essfu<span class=\"_ _2\"></span>lly. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>\u2022<span class=\"ff11d\"> <span class=\"_ _b\"> </span><span class=\"ff119 fs39 fc2 ls30 ws50\">For Term<span class=\"_ _2\"></span>inals<span class=\"_ _2\"></span>, as<span class=\"_ _2\"></span>sumpti<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>utili<span class=\"_ _2\"></span>satio<span class=\"_ _2\"></span>n and<span class=\"_ _2\"></span> ma<span class=\"_ _2\"></span>rgins<span class=\"_ _2\"></span> were<span class=\"_ _2\"></span> bas<span class=\"_ _2\"></span>ed o<span class=\"_ _2\"></span>n cur<span class=\"_ _2\"></span>rent c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>acts,<span class=\"_ _2\"></span> pas<span class=\"_ _2\"></span>t </span></span>expe<span class=\"_ _2\"></span>rience<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>trends<span class=\"_ _2\"></span> in i<span class=\"_ _2\"></span>ndu<span class=\"_ _2\"></span>stri<span class=\"_ _2\"></span>al p<span class=\"_ _2\"></span>roducti<span class=\"_ _2\"></span>on.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>\u2022<span class=\"ff11d\"> <span class=\"_ _b\"> </span><span class=\"ff119 fs39 fc2 ls30 ws50\">For STC<span class=\"_ _2\"></span>, fut<span class=\"_ _2\"></span>ure es<span class=\"_ _2\"></span>cal<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span> of p<span class=\"_ _2\"></span>rice<span class=\"_ _2\"></span> and c<span class=\"_ _2\"></span>ost i<span class=\"_ _2\"></span>ncre<span class=\"_ _2\"></span>ases<span class=\"_ _2\"></span> obtai<span class=\"_ _2\"></span>ned<span class=\"_ _2\"></span> from<span class=\"_ _2\"></span> shipp<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>transp<span class=\"_ _2\"></span>orta<span class=\"_ _2\"></span>tion </span></span>carrie<span class=\"_ _2\"></span>rs and<span class=\"_ _2\"></span> ex<span class=\"_ _2\"></span>tent<span class=\"_ _2\"></span> of cap<span class=\"_ _2\"></span>ita<span class=\"_ _2\"></span>l exp<span class=\"_ _2\"></span>endi<span class=\"_ _2\"></span>ture<span class=\"_ _2\"></span>s from<span class=\"_ _2\"></span> Ta<span class=\"_ _2\"></span>nk Con<span class=\"_ _2\"></span>taine<span class=\"_ _2\"></span>rs\u2019 <span class=\"_ _2\"></span>appro<span class=\"_ _2\"></span>ved c<span class=\"_ _2\"></span>apit<span class=\"_ _2\"></span>al ex<span class=\"_ _2\"></span>pendi<span class=\"_ _2\"></span>ture<span class=\"_ _2\"></span> projections a<span class=\"_ _2\"></span>nd competition.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>For <span class=\"_ _2\"></span>FVLCT<span class=\"_ _2\"></span>S fo<span class=\"_ _2\"></span>r Tanke<span class=\"_ _2\"></span>rs,<span class=\"_ _2\"></span> brok<span class=\"_ _2\"></span>er <span class=\"_ _2\"></span>valua<span class=\"_ _2\"></span>tions w<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span> obt<span class=\"_ _2\"></span>ained f<span class=\"_ _2\"></span>rom<span class=\"_ _2\"></span> third<span class=\"_ _2\"></span> pa<span class=\"_ _2\"></span>rties<span class=\"_ _2\"></span><span class=\"ls1 ws0\">. </span>No <span class=\"ls30 ws52\">impai<span class=\"_ _2\"></span>rment<span class=\"ls1 ws0\"> </span><span class=\"ws50\">was <span class=\"_ _2\"></span>noted<span class=\"_ _2\"></span> thoug<span class=\"_ _2\"></span>h <span class=\"_ _2\"></span>there w<span class=\"_ _2\"></span>as m<span class=\"_ _2\"></span>inim<span class=\"_ _2\"></span>al he<span class=\"_ _2\"></span>adro<span class=\"_ _2\"></span>om f<span class=\"_ _2\"></span>or the<span class=\"_ _2\"></span> Aus<span class=\"_ _2\"></span>tralia<span class=\"_ _2\"></span> term<span class=\"_ _2\"></span>inal.<span class=\"_ _2\"></span> </span></span>See<span class=\"ls1 ws0\"> <span class=\"ls4b ws77\">Note<span class=\"_ _2\"></span></span> <span class=\"ls31 ws53\">2.<span class=\"_ _195\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-699": {
   "value": "Other<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ang<span class=\"_ _2\"></span>ible<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>ets <span class=\"_ _2\"></span>wit<span class=\"_ _2\"></span>h fi<span class=\"_ _2\"></span>nit<span class=\"_ _2\"></span>e li<span class=\"_ _2\"></span>ves t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> acq<span class=\"_ _2\"></span>uir<span class=\"_ _2\"></span>ed b<span class=\"_ _2\"></span>y the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up <span class=\"_ _2\"></span>are st<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> cos<span class=\"_ _2\"></span>t le<span class=\"_ _2\"></span>ss <span class=\"_ _2\"></span>accum<span class=\"_ _2\"></span>ulat<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>amor<span class=\"_ _2\"></span>tis<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n and<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>impai<span class=\"_ _2\"></span>rm<span class=\"_ _2\"></span>ent l<span class=\"_ _2\"></span>osse<span class=\"_ _2\"></span>s. A<span class=\"_ _2\"></span>mort<span class=\"_ _2\"></span>isa<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n of<span class=\"_ _2\"></span> cust<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>mer c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span>s is c<span class=\"_ _2\"></span>har<span class=\"_ _2\"></span>ged<span class=\"_ _2\"></span> to o<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng revenue o<span class=\"_ _2\"></span>ver the<span class=\"_ _2\"></span> life of<span class=\"_ _2\"></span> the <span class=\"ls2f ws2f\">cont<span class=\"_ _2\"></span>racts based on<span class=\"_ _2\"></span> the underlyi<span class=\"_ _2\"></span>ng cash f<span class=\"_ _2\"></span>lows. Other fi<span class=\"_ _2\"></span>nite<span class=\"ls1 ws0\">-<span class=\"ls49 wsaa\">lived i<span class=\"_ _2\"></span>nta<span class=\"_ _2\"></span>ngibl<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>are <span class=\"_ _2\"></span>charg<span class=\"_ _2\"></span>ed<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e st<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> unde<span class=\"_ _2\"></span>r op<span class=\"_ _2\"></span>era<span class=\"_ _2\"></span>ting<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>ens<span class=\"_ _2\"></span>es o<span class=\"_ _2\"></span>ver<span class=\"_ _2\"></span> the e<span class=\"_ _2\"></span>sti<span class=\"_ _2\"></span>mated<span class=\"_ _2\"></span> u<span class=\"_ _2\"></span>seful<span class=\"_ _2\"></span> liv<span class=\"_ _2\"></span>es of<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he </span></span></span>inta<span class=\"_ _2\"></span>ngibl<span class=\"_ _2\"></span>e a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span>s o<span class=\"_ _2\"></span>n a st<span class=\"_ _2\"></span>rai<span class=\"_ _2\"></span>ght<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls54 ws70\">li<span class=\"_ _2\"></span>ne basis. <span class=\"ls49 wsaa\">The<span class=\"_ _2\"></span> trad<span class=\"_ _2\"></span>ema<span class=\"_ _2\"></span>rk i<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span>angibl<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> was<span class=\"_ _2\"></span> amort<span class=\"_ _2\"></span>ise<span class=\"_ _2\"></span>d o<span class=\"_ _2\"></span>ver <span class=\"_ _2\"></span>a <span class=\"ls48 ws72\">ten<span class=\"ls1 ws0\">-</span></span></span>year lif<span class=\"ls1 ws0\">e,<span class=\"_ _1\"></span> <span class=\"ls48 ws32\">while t<span class=\"_ _2\"></span>he custo<span class=\"_ _2\"></span>mer rel<span class=\"_ _2\"></span>ations a<span class=\"_ _2\"></span>nd contr<span class=\"_ _2\"></span>act int<span class=\"_ _2\"></span>angibles we<span class=\"_ _2\"></span>re amor<span class=\"_ _2\"></span>tised fr<span class=\"_ _2\"></span>om tw<span class=\"_ _2\"></span>o to 14 <span class=\"_ _2\"></span>years.<span class=\"_ _2\"></span></span> <span class=\"_ _1\"></span><span class=\"ls4b ws77\">Bot<span class=\"_ _2\"></span>h </span></span></span></span>intangibles were retired during 2024.<span class=\"ls1 ws0\"> C<span class=\"ls53\">omputer s<span class=\"_ _2\"></span>oftware<span class=\"_ _2\"></span> is am<span class=\"_ _2\"></span>orti<span class=\"_ _2\"></span>sed ov<span class=\"_ _2\"></span>er a<span class=\"_ _2\"></span>n avera<span class=\"_ _2\"></span>ge lif<span class=\"_ _2\"></span>e of t<span class=\"_ _2\"></span>hree t<span class=\"_ _2\"></span>o <span class=\"ls61 ws89\">ten</span></span> <span class=\"ls48 ws72\">years</span>. </span>See Note 14 for the accounting p<span class=\"_ _2\"></span>olicy for the impairment of intangible assets wit<span class=\"_ _2\"></span>h finite lives.<span class=\"_ _195\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-582": {
   "value": "17. Investments in and Advances to Joint Ventures and<span class=\"ls1 ws0\"> Associates </span>Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span>(i) A<span class=\"_ _2\"></span>ssoc<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>tes<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Associates are those entities over which the <span class=\"_ _2\"></span>Group is able to exercise significa<span class=\"_ _2\"></span>nt influence but <span class=\"ls1 ws0\"> </span>does<span class=\"_ _2\"></span> not <span class=\"_ _2\"></span>cont<span class=\"_ _2\"></span>rol<span class=\"_ _2\"></span> or j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span>ly c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>ol <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>entit<span class=\"_ _2\"></span>ies<span class=\"_ _2\"></span>\u2019 fi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> ope<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ng p<span class=\"_ _2\"></span>olic<span class=\"_ _2\"></span>ies.<span class=\"_ _2\"></span> Sig<span class=\"_ _2\"></span>nif<span class=\"_ _2\"></span>icant<span class=\"_ _2\"></span> inf<span class=\"_ _2\"></span>lue<span class=\"_ _2\"></span>nce i<span class=\"_ _2\"></span>s exercised generall<span class=\"_ _2\"></span>y through dir<span class=\"_ _2\"></span>ect or indir<span class=\"_ _2\"></span>ect ownership of<span class=\"_ _2\"></span> 20% to <span class=\"_ _2\"></span>50% of<span class=\"ls1 ws0\"> <span class=\"ls61 wsac\">the voting rights. </span></span>Such<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">i<span class=\"_ _2\"></span>nve<span class=\"_ _2\"></span>stme<span class=\"_ _2\"></span>nts i<span class=\"_ _2\"></span>n as<span class=\"_ _2\"></span>soci<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>re rec<span class=\"_ _2\"></span>ord<span class=\"_ _2\"></span>ed i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he C<span class=\"_ _2\"></span>onsoli<span class=\"_ _2\"></span>dat<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>Fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al S<span class=\"_ _2\"></span>tate<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>using<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> </span></span>equity met<span class=\"_ _2\"></span>hod and<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">are</span> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">i<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>all<span class=\"_ _2\"></span>y re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>nised<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> cos<span class=\"_ _2\"></span>t. T<span class=\"_ _2\"></span>he<span class=\"ls1 ws0\"> </span>Cons<span class=\"_ _2\"></span>olid<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>d Fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al S<span class=\"_ _2\"></span>tat<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>ude<span class=\"_ _2\"></span> the </span></span>Group<span class=\"_ _2\"></span>\u2019s <span class=\"_ _2\"></span>shar<span class=\"_ _2\"></span>e o<span class=\"ff122\">f<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e tot<span class=\"_ _2\"></span>al c<span class=\"_ _2\"></span>omp<span class=\"_ _2\"></span>rehe<span class=\"_ _2\"></span>nsi<span class=\"_ _2\"></span>ve inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> of<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">assoc<span class=\"_ _2\"></span>iates ba<span class=\"_ _2\"></span>sed on t<span class=\"_ _2\"></span>he equit<span class=\"_ _2\"></span>y method <span class=\"_ _2\"></span></span> </span></span>of ac<span class=\"_ _2\"></span>count<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span>, fr<span class=\"_ _2\"></span>om t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> date<span class=\"_ _2\"></span> tha<span class=\"_ _2\"></span>t s<span class=\"_ _2\"></span>ignif<span class=\"_ _2\"></span>ic<span class=\"_ _2\"></span>ant i<span class=\"_ _2\"></span>nfl<span class=\"_ _2\"></span>uence<span class=\"_ _2\"></span> beg<span class=\"_ _2\"></span>ins<span class=\"_ _2\"></span> unti<span class=\"_ _2\"></span>l t<span class=\"_ _2\"></span>he d<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> sig<span class=\"_ _2\"></span>nif<span class=\"_ _2\"></span>ic<span class=\"_ _2\"></span>ant <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>infl<span class=\"_ _2\"></span>uence<span class=\"_ _2\"></span> ce<span class=\"_ _2\"></span>ases.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Investment<span class=\"_ _2\"></span>s in a<span class=\"_ _2\"></span>ssociates<span class=\"_ _2\"></span> are ca<span class=\"_ _2\"></span>rried i<span class=\"_ _2\"></span>n the bal<span class=\"_ _2\"></span>ance s<span class=\"_ _2\"></span>heet at co<span class=\"_ _2\"></span>st as ad<span class=\"_ _2\"></span>justed by p<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls49 ws78\">acquisi<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n </span></span>chang<span class=\"_ _2\"></span>es i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup<span class=\"_ _2\"></span>\u2019s <span class=\"_ _2\"></span>share<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>net<span class=\"_ _2\"></span> asse<span class=\"_ _2\"></span>ts of<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e as<span class=\"_ _2\"></span>soci<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>, le<span class=\"_ _2\"></span>ss <span class=\"_ _2\"></span>any i<span class=\"_ _2\"></span>mpai<span class=\"_ _2\"></span>rme<span class=\"_ _2\"></span>nt i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he v<span class=\"_ _2\"></span>alue o<span class=\"_ _2\"></span>f indivi<span class=\"_ _2\"></span>du<span class=\"_ _2\"></span>al i<span class=\"_ _2\"></span>nves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nts.<span class=\"_ _2\"></span> Whe<span class=\"_ _2\"></span>re ne<span class=\"_ _2\"></span>ces<span class=\"_ _2\"></span>sary<span class=\"_ _2\"></span>, ad<span class=\"_ _2\"></span>justm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e ma<span class=\"_ _2\"></span>d<span class=\"ls48 ws32\">e t<span class=\"_ _2\"></span>o the <span class=\"ls1 ws0\">F</span></span><span class=\"ws78\">ina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al </span>Statem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> associates to bring the accounting policies used into li<span class=\"_ _2\"></span>ne with those used by the<span class=\"_ _2\"></span> Group.<span class=\"ls1 ws0\"> </span>When<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Gro<span class=\"_ _2\"></span>up\u2019s<span class=\"_ _2\"></span> sha<span class=\"_ _2\"></span>re <span class=\"_ _2\"></span>of lo<span class=\"_ _2\"></span>sses<span class=\"_ _2\"></span> exce<span class=\"_ _2\"></span>eds<span class=\"_ _2\"></span> its<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st i<span class=\"_ _2\"></span>n an<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>oci<span class=\"_ _2\"></span>ate, t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s carr<span class=\"_ _2\"></span>yi<span class=\"_ _2\"></span>ng am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> reduced to nil and recognition of<span class=\"ls1 ws0\"> <span class=\"ls73 wsb6\">fu<span class=\"_ _1\"></span>rth<span class=\"_ _1\"></span>er lo<span class=\"_ _1\"></span>sses<span class=\"_ _1\"></span> is<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">di<span class=\"_ _2\"></span>sco<span class=\"_ _2\"></span>nti<span class=\"_ _2\"></span>nued e<span class=\"_ _2\"></span>xc<span class=\"_ _2\"></span>ept<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he ext<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>hat t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> h<span class=\"_ _2\"></span>as </span></span></span></span>incu<span class=\"_ _2\"></span>rred<span class=\"_ _2\"></span> leg<span class=\"_ _2\"></span>al o<span class=\"_ _2\"></span>r co<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ucti<span class=\"_ _2\"></span>ve <span class=\"_ _2\"></span>obli<span class=\"_ _2\"></span>gati<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span> or m<span class=\"_ _2\"></span>ade<span class=\"_ _2\"></span> pay<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s on<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws7c\">behalf o<span class=\"_ _2\"></span>f an<span class=\"ls1 ws0\"> </span><span class=\"ws78\">assoc<span class=\"_ _2\"></span>iat<span class=\"_ _2\"></span>e.<span class=\"_ _195\"> </span></span></span>(ii<span class=\"_ _2\"></span>) Join<span class=\"_ _2\"></span>t Ve<span class=\"_ _2\"></span>ntu<span class=\"_ _2\"></span>res<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Joint<span class=\"_ _2\"></span> ve<span class=\"_ _2\"></span>ntur<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>are t<span class=\"_ _2\"></span>hose<span class=\"_ _2\"></span> ent<span class=\"_ _2\"></span>itie<span class=\"_ _2\"></span>s ove<span class=\"_ _2\"></span>r <span class=\"_ _2\"></span>whose<span class=\"_ _2\"></span> ac<span class=\"_ _2\"></span>tivit<span class=\"_ _2\"></span>ies<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e Gro<span class=\"_ _2\"></span>up <span class=\"_ _2\"></span>has<span class=\"_ _2\"></span> joint<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntrol<span class=\"_ _2\"></span>, <span class=\"_ _2\"></span>estab<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>shed<span class=\"_ _2\"></span> by cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>ual <span class=\"_ _2\"></span>agre<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt. <span class=\"_ _2\"></span>Joint<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntr<span class=\"_ _2\"></span>ol r<span class=\"_ _2\"></span>equi<span class=\"_ _2\"></span>res<span class=\"_ _2\"></span> unani<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>us co<span class=\"_ _2\"></span>nsen<span class=\"_ _2\"></span>t <span class=\"_ _2\"></span>of th<span class=\"_ _2\"></span>e p<span class=\"_ _2\"></span>artie<span class=\"_ _2\"></span>s sh<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>ng c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>ol <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>in the d<span class=\"_ _2\"></span>ecision<span class=\"ls1 ws0\">-<span class=\"ls49 wsaa\">maki<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>on rel<span class=\"_ _2\"></span>ev<span class=\"_ _2\"></span>ant<span class=\"_ _2\"></span> acti<span class=\"_ _2\"></span>viti<span class=\"_ _2\"></span>es.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span> Co<span class=\"_ _2\"></span>nsoli<span class=\"_ _2\"></span>date<span class=\"_ _2\"></span>d Fi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> Stat<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nts i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>ude t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> </span></span>Group<span class=\"_ _2\"></span>\u2019s <span class=\"_ _2\"></span>shar<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> tot<span class=\"_ _2\"></span>al c<span class=\"_ _2\"></span>ompr<span class=\"_ _2\"></span>ehe<span class=\"_ _2\"></span>nsi<span class=\"_ _2\"></span>ve inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>joi<span class=\"_ _2\"></span>nt ve<span class=\"_ _2\"></span>ntu<span class=\"_ _2\"></span>res <span class=\"_ _2\"></span>bas<span class=\"_ _2\"></span>ed on<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e equi<span class=\"_ _2\"></span>ty m<span class=\"_ _2\"></span>eth<span class=\"_ _2\"></span>od of<span class=\"_ _2\"></span> accounting, from the d<span class=\"_ _2\"></span>ate that joint control b<span class=\"_ _2\"></span>egins until the<span class=\"_ _2\"></span> d<span class=\"ls49 wsaa\">ate<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>at j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> cont<span class=\"_ _2\"></span>rol<span class=\"_ _2\"></span> cea<span class=\"_ _2\"></span>ses.<span class=\"_ _2\"></span> Whe<span class=\"_ _2\"></span>re </span>nece<span class=\"_ _2\"></span>ssar<span class=\"_ _2\"></span>y, ad<span class=\"_ _2\"></span>jus<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nts <span class=\"_ _2\"></span>are<span class=\"_ _2\"></span> mad<span class=\"_ _2\"></span>e to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al S<span class=\"_ _2\"></span>tat<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> vent<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>s to b<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>he accounting policies used into line with those<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">used by t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up.</span> </span>Mater<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> inve<span class=\"_ _2\"></span>stm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>ose t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Gr<span class=\"_ _2\"></span>oup c<span class=\"_ _2\"></span>onsi<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span><span class=\"ls1 ws0\">s <span class=\"_ _1\"></span><span class=\"ls61 wsac\">to be str<span class=\"_ _2\"></span>ategic to <span class=\"ls54 ws83\">its<span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">operat<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>ns</span> <span class=\"ls49 ws7c\">and w<span class=\"_ _2\"></span>hose </span></span></span></span></span>inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt bal<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>nce<span class=\"ls1 ws0\">s </span><span class=\"ws78\">are<span class=\"ls1 ws0\"> </span>materi<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span><span class=\"ls61 ws89\">.<span class=\"_ _195\"> </span></span></span><div class=\"t m0 h98 ff126 fs39 fc2 sc0 ls30 ws50 gs374\">Investm<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span> in <span class=\"_ _2\"></span>and ad<span class=\"_ _2\"></span>va<span class=\"_ _2\"></span>nces to<span class=\"_ _2\"></span> joi<span class=\"_ _2\"></span>nt ve<span class=\"_ _2\"></span>ntu<span class=\"_ _2\"></span>res a<span class=\"_ _2\"></span>nd ass<span class=\"_ _2\"></span>ocia<span class=\"_ _2\"></span>tes, w<span class=\"_ _2\"></span>hic<span class=\"_ _2\"></span>h are<span class=\"_ _2\"></span> all <span class=\"_ _2\"></span>acco<span class=\"_ _2\"></span>unted<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span> using<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e equ<span class=\"_ _2\"></span>ity m<span class=\"_ _2\"></span>ethod<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng,<span class=\"_ _2\"></span> consi<span class=\"_ _2\"></span>sted<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> the<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">following:<span class=\"_ _2\"></span></span> </span></div><div class=\"gs1a3\"><table class=\"s w14c h13b\" id=\"_b115963d-5996-4bc8-b874-72ce1e039bd9\"><tr><td></td><td></td><td class=\"t m0 x311 h82 y2cfc ff126 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"t m0 x312 h82 y2cfc ff126 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"c x2a1 y2cfd w7e hb7\"><div class=\"t m0 x184 h82 y1f54 ff126 fs3b fc2 sc0 ls2d ws4a\">As<span class=\"ls1 ws0\"> of November <span class=\"ls1b ws2f\">30</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2cfe w14a h102\"><div class=\"t m0 x245 h82 y29a6 ff126 fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2a3 h82 y29a7 ff126 fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x314 y2cfe w17f h13c\"><div class=\"t m0 x245 h82 y29a6 ff126 fs3b fc2 sc0 ls1 ws0\">Location</div><div class=\"t m0 x313 hd0 y2cff ff126 fs42 fc2 sc0 ls1 ws0\">1</div></td><td class=\"c x315 y2d00 w34 hcf\"><div class=\"t m0 x15 h82 y2246 ff126 fs3b fc2 sc0 ls1 ws0\">  </div><div class=\"t m0 x18f h82 y1f57 ff126 fs3b fc2 sc0 ls1 ws0\">% Shares </div></td><td class=\"c x2fb y2d00 w48 hcf\"><div class=\"t m0 x15 h82 y2246 ff126 fs3b fc2 sc0 ls1 ws0\">  </div><div class=\"t m0 x175 h82 y1f57 ff126 fs3b fc2 sc0 ls1 ws0\">% Voting r<span class=\"ls39 ws5f\">ights</span><span class=\"ls39 ws5f\"><span class=\"_ _2\"></span></span> </div></td><td class=\"c x2a1 y2d00 w20 h86\"><div class=\"t m0 x177 h85 y1f57 ff127 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d00 w34 h86\"><div class=\"t m0 x177 h82 y1f57 ff126 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d01 w94 h86\"><div class=\"t m0 x0 h87 y1be8 ff127 fs3a fc2 sc0 ls22 ws34\">Joint Ve<span class=\"_ _1\"></span>ntures:<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2d02 w94 h8a\"><div class=\"t m0 x0 h88 y1c65 ff126 fs3a fc2 sc0 ls24 ws3b\">Tankers<span class=\"ff128 ls1 ws0\">\u2019<span class=\"ff126\"> <span class=\"_ _3\"></span><span class=\"ls29 wsc1\">mate<span class=\"_ _2\"></span>rial joint vent<span class=\"_ _2\"></span>ures:</span></span></span><span class=\"ff128 ls1 ws0\"><span class=\"ff126\"><span class=\"ls29 wsc1\"><span class=\"ls1 ws0\"> </span></span></span></span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2d03 w94 h86\"><div class=\"t m0 x19a h88 y1bef ff126 fs3a fc2 sc0 ls29 ws42\">NYK Stolt Tan<span class=\"_ _2\"></span>kers S.A.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2c2 y2d03 w31 h86\"><div class=\"t m0 x0 h88 y1bef ff126 fs3a fc2 sc0 ls2e ws5c\">Panama<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x315 y2d03 w34 h86\"><div class=\"t m0 x193 h88 y1bef ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d03 w48 h86\"><div class=\"t m0 x193 h88 y1bef ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d03 w20 h86\"><div class=\"t m0 x180 h87 y1bef ff127 fs3a fc2 sc0 ls21 ws35\">136,<span class=\"_ _2\"></span>399<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d03 w34 h86\"><div class=\"t m0 x181 h88 y1bef ff126 fs3a fc2 sc0 ls20 ws36\">111,425<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d04 w94 h86\"><div class=\"t m0 x19a h88 y1bf4 ff126 fs3a fc2 sc0 ls29 ws42\">NYK Stolt S<span class=\"_ _2\"></span>hipholding <span class=\"_ _2\"></span><span class=\"ls28 ws40\">Pte<span class=\"ls1 ws0\">. </span>Ltd.</span><span class=\"ls28 ws40\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2c2 y2d04 w31 h86\"><div class=\"t m0 x0 h88 y1bf4 ff126 fs3a fc2 sc0 ls22 ws3e\">Singap<span class=\"_ _1\"></span>ore<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x315 y2d04 w34 h86\"><div class=\"t m0 x193 h88 y1bf4 ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d04 w48 h86\"><div class=\"t m0 x193 h88 y1bf4 ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d04 w20 h86\"><div class=\"t m0 x179 h87 y1bf4 ff127 fs3a fc2 sc0 ls23 ws39\">73,320<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d04 w34 h86\"><div class=\"t m0 x183 h88 y1bf4 ff126 fs3a fc2 sc0 ls20 ws36\">75,657<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d05 w94 h8a\"><div class=\"t m0 x19a h88 y1c3f ff126 fs3a fc2 sc0 ls24 ws3b\">Shanghai <span class=\"_ _1\"></span><span class=\"ls37 ws5d\">SC<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">Stolt Shippin<span class=\"_ _2\"></span>g Ltd</span></span></span><span class=\"ls37 ws5d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2c2 y2d05 w31 h8a\"><div class=\"t m0 x0 h88 y1c3f ff126 fs3a fc2 sc0 ls24 ws3b\">China<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x315 y2d05 w34 h8a\"><div class=\"t m0 x193 h88 y1c3f ff126 fs3a fc2 sc0 ls20 ws36\">49<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d05 w48 h8a\"><div class=\"t m0 x193 h88 y1c3f ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d05 w20 h8a\"><div class=\"t m0 x179 h87 y1c3f ff127 fs3a fc2 sc0 ls23 ws39\">39,963<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d05 w34 h8a\"><div class=\"t m0 x183 h88 y1c3f ff126 fs3a fc2 sc0 ls20 ws36\">39,534<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d06 w94 h8b\"><div class=\"t m0 x0 h88 y1f5f ff126 fs3a fc2 sc0 ls24 ws3b\">Tankers<span class=\"ff128 ls1 ws0\">\u2019<span class=\"ff126\"> <span class=\"_ _3\"></span><span class=\"ls24 ws3b\">non<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls29 wsc1\">mater<span class=\"_ _2\"></span>ial joint ventu<span class=\"_ _2\"></span>res:</span></span></span></span></span><span class=\"ff128 ls1 ws0\"><span class=\"ff126\"><span class=\"ls24 ws3b\"><span class=\"ls1 ws0\"><span class=\"ls29 wsc1\"><span class=\"ls1 ws0\"> </span></span></span></span></span></span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2d07 w94 h86\"><div class=\"t m0 x19a h88 y1bef ff126 fs3a fc2 sc0 ls23 ws4b\">Stolt NYK<span class=\"_ _1\"></span> Asia Pacific Serv<span class=\"_ _1\"></span>ices Inc.<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2c2 y2d07 w31 h86\"><div class=\"t m0 x0 h88 y1bef ff126 fs3a fc2 sc0 ls22 ws3e\">Singap<span class=\"_ _1\"></span>ore<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td class=\"c x2a1 y2d07 w20 h86\"><div class=\"t m0 x2d h87 y1bef ff129 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff127\"> </span></div></td><td class=\"c x2fa y2d07 w34 h86\"><div class=\"t m0 x1a0 h88 y1bef ff126 fs3a fc2 sc0 ls20 ws36\">905<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d08 w94 h8a\"><div class=\"t m0 x19a h88 y1bff ff126 fs3a fc2 sc0 ls20 ws34\">Hassel Shi<span class=\"_ _2\"></span>pping 4<span class=\"_ _2\"></span> A<span class=\"ls1 ws0\">.S<span class=\"_ _1\"></span>.<span class=\"_ _195\"> </span></span></div><div class=\"t m0 x1a hd1 y2247 ff126 fs43 fc2 sc0 ls1 ws0\">2</div><div class=\"t m0 x1ee h88 y1bff ff126 fs3a fc2 sc0 ls1 ws0\"> </div></td><td class=\"c x2c2 y2d08 w31 h8a\"><div class=\"t m0 x0 h88 y1bff ff126 fs3a fc2 sc0 ls22 ws3e\">Norway<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td class=\"c x2a1 y2d08 w20 h8a\"><div class=\"t m0 x2d h87 y1bff ff129 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff127\"> </span></div></td><td class=\"c x2fa y2d08 w34 h8a\"><div class=\"t m0 x183 h88 y1bff ff126 fs3a fc2 sc0 ls20 ws36\">65,343<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d09 w94 h86\"><div class=\"t m0 x19a h88 y1bfa ff126 fs3a fc2 sc0 ls24 ws3a\">SIA LAPA, Ltd<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2c2 y2d09 w31 h86\"><div class=\"t m0 x0 h88 y1bfa ff126 fs3a fc2 sc0 ls28 ws40\">Latvia<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x315 y2d09 w34 h86\"><div class=\"t m0 x193 h88 y1bfa ff126 fs3a fc2 sc0 ls20 ws36\">70<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d09 w48 h86\"><div class=\"t m0 x193 h88 y1bfa ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d09 w20 h86\"><div class=\"t m0 x185 h87 y1bfa ff127 fs3a fc2 sc0 ls21 ws35\">1,09<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d09 w34 h86\"><div class=\"t m0 x184 h88 y1bfa ff126 fs3a fc2 sc0 ls20 ws36\">1,656<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d0a w94 h86\"><div class=\"t m0 x19a h88 y1bf8 ff126 fs3a fc2 sc0 ls29 ws42\">Shanghai New<span class=\"_ _2\"></span> Xing Yang Mar<span class=\"_ _2\"></span>ine Ser<span class=\"_ _2\"></span>vices Co<span class=\"_ _2\"></span>. Ltd<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2c2 y2d0a w31 h86\"><div class=\"t m0 x0 h88 y1bf8 ff126 fs3a fc2 sc0 ls24 ws3b\">China<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x315 y2d0a w34 h86\"><div class=\"t m0 x193 h88 y1bf8 ff126 fs3a fc2 sc0 ls20 ws36\">40<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d0a w48 h86\"><div class=\"t m0 x193 h88 y1bf8 ff126 fs3a fc2 sc0 ls20 ws36\">40<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d0a w20 h86\"><div class=\"t m0 x2d h87 y1bf8 ff129 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff127\"> </span></div></td><td class=\"c x2fa y2d0a w34 h86\"><div class=\"t m0 x2d h88 y1bf8 ff128 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff126\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x2a1 y2d0b w20 h8c\"><div class=\"t m0 x180 h87 y1cd0 ff127 fs3a fc2 sc0 ls21 ws35\">250,<span class=\"_ _2\"></span>773<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d0b w34 h8c\"><div class=\"t m0 x181 h88 y1cd0 ff126 fs3a fc2 sc0 ls20 ws36\">294,520<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d0c w94 h89\"><div class=\"t m0 x0 h88 y1bdc ff126 fs3a fc2 sc0 ls29 ws44\">Terminals<span class=\"ff128 ls1 ws0\">\u2019<span class=\"ff126\"> <span class=\"_ _1\"></span><span class=\"ls2e ws5c\">mater<span class=\"_ _2\"></span>ial<span class=\"ls1 ws0\"> <span class=\"ls24 ws33\">joint ventures:</span></span></span></span></span><span class=\"ff128 ls1 ws0\"><span class=\"ff126\"><span class=\"ls2e ws5c\"><span class=\"ls1 ws0\"> </span></span></span></span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2d0d w94 h86\"><div class=\"t m0 x19a h88 y1bde ff126 fs3a fc2 sc0 ls24 ws3a\">Advario Stolthaven Antwerp, NV<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2c2 y2d0d w31 h86\"><div class=\"t m0 x0 h88 y1bde ff126 fs3a fc2 sc0 ls29 ws44\">Belgium<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x315 y2d0d w34 h86\"><div class=\"t m0 x193 h88 y1bde ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d0d w48 h86\"><div class=\"t m0 x193 h88 y1bde ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d0d w20 h86\"><div class=\"t m0 x180 h87 y1bde ff127 fs3a fc2 sc0 ls21 ws35\">127,<span class=\"_ _2\"></span>296<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d0d w34 h86\"><div class=\"t m0 x181 h88 y1bde ff126 fs3a fc2 sc0 ls20 ws36\">115,153<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d0e w94 h8c\"><div class=\"t m0 x19a h88 y1be0 ff126 fs3a fc2 sc0 ls25 ws41\">Jeong<span class=\"ls1 ws0\">-<span class=\"ls24 ws3a\">IL<span class=\"_ _1\"></span> Sto<span class=\"_ _2\"></span>lthaven Ulsan Co. Ltd</span></span><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2c2 y2d0e w31 h8c\"><div class=\"t m0 x0 h88 y1be0 ff126 fs3a fc2 sc0 ls22 ws37\">South Korea<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x315 y2d0e w34 h8c\"><div class=\"t m0 x193 h88 y1be0 ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d0e w48 h8c\"><div class=\"t m0 x193 h88 y1be0 ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d0e w20 h8c\"><div class=\"t m0 x180 h87 y1be0 ff127 fs3a fc2 sc0 ls21 ws35\">116,<span class=\"_ _2\"></span>225<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d0e w34 h8c\"><div class=\"t m0 x181 h88 y1be0 ff126 fs3a fc2 sc0 ls20 ws36\">118,331<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d0f w94 h86\"><div class=\"t m0 x19a h88 y1bda ff126 fs3a fc2 sc0 ls29 ws42\">Tianjin Lin<span class=\"_ _2\"></span>gang Stolt<span class=\"_ _2\"></span>haven Terminal<span class=\"_ _2\"></span> Co. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2c2 y2d0f w31 h86\"><div class=\"t m0 x0 h88 y1bda ff126 fs3a fc2 sc0 ls24 ws3b\">China<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x315 y2d0f w34 h86\"><div class=\"t m0 x193 h88 y1bda ff126 fs3a fc2 sc0 ls20 ws36\">65<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d0f w48 h86\"><div class=\"t m0 x193 h88 y1bda ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d0f w20 h86\"><div class=\"t m0 x179 h87 y1bda ff127 fs3a fc2 sc0 ls23 ws39\">23,240<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d0f w34 h86\"><div class=\"t m0 x183 h88 y1bda ff126 fs3a fc2 sc0 ls20 ws36\">21,607<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d10 w94 h89\"><div class=\"t m0 x19a h88 y2112 ff126 fs3a fc2 sc0 ls24 ws3a\">Tianjin Lingang Stolthaven Jetty Co<span class=\"_ _2\"></span>mpany<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2c2 y2d10 w31 h89\"><div class=\"t m0 x0 h88 y2112 ff126 fs3a fc2 sc0 ls24 ws3b\">China<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x315 y2d10 w34 h89\"><div class=\"t m0 x193 h88 y2112 ff126 fs3a fc2 sc0 ls20 ws36\">40<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d10 w48 h89\"><div class=\"t m0 x193 h88 y2112 ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d10 w20 h89\"><div class=\"t m0 x179 h87 y2112 ff127 fs3a fc2 sc0 ls23 ws39\">11,287<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d10 w34 h89\"><div class=\"t m0 x183 h88 y2112 ff126 fs3a fc2 sc0 ls20 ws36\">10,898<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d11 w94 hd2\"><div class=\"t m0 x0 h88 y224f ff128 fs3a fc2 sc0 ls29 ws42\">Terminals\u2019 non<span class=\"_ _2\"></span><span class=\"ff126 ls1 ws0\">-<span class=\"ls29 ws44\">material <span class=\"ls28 ws40\">joint</span></span> <span class=\"ls24 ws3b\">ventures:</span></span><span class=\"ff126 ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2d12 w94 h8b\"><div class=\"t m0 x19a h88 y1c3b ff126 fs3a fc2 sc0 ls24 ws3a\">Stolthaven Revivegen Kaohsiung Co., Ltd<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2c2 y2d12 w31 h8b\"><div class=\"t m0 x0 h88 y1c3b ff126 fs3a fc2 sc0 ls29 ws44\">Taiwan<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x315 y2d12 w34 h8b\"><div class=\"t m0 x193 h88 y1c3b ff126 fs3a fc2 sc0 ls20 ws36\">49<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d12 w48 h8b\"><div class=\"t m0 x193 h88 y1c3b ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d12 w20 h8b\"><div class=\"t m0 x179 h87 y1c3b ff127 fs3a fc2 sc0 ls23 ws39\">30,936<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d12 w34 h8b\"><div class=\"t m0 x183 h88 y1c3b ff126 fs3a fc2 sc0 ls20 ws36\">29,784<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d13 w94 h86\"><div class=\"t m0 x19a h88 y1bea ff126 fs3a fc2 sc0 ls29 ws42\">Ceyhan Ter<span class=\"_ _2\"></span>minal Himzetler<span class=\"_ _2\"></span>i Anonim <span class=\"_ _2\"></span>Sirket<span class=\"_ _2\"></span>u<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2c2 y2d13 w31 h86\"><div class=\"t m0 x0 h88 y1bea ff126 fs3a fc2 sc0 ls24 ws3b\">T\u00fcrkiye<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x315 y2d13 w34 h86\"><div class=\"t m0 x193 h88 y1bea ff126 fs3a fc2 sc0 ls20 ws36\">33<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d13 w48 h86\"><div class=\"t m0 x193 h88 y1bea ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d13 w20 h86\"><div class=\"t m0 x179 h87 y1bea ff127 fs3a fc2 sc0 ls23 ws39\">16,026<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d13 w34 h86\"><div class=\"t m0 x184 h88 y1bea ff126 fs3a fc2 sc0 ls20 ws36\">9,461<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d14 w94 h8c\"><div class=\"t m0 x19a h88 y1bec ff126 fs3a fc2 sc0 ls24 ws3a\">Stolthaven (Westport) Sdn. Bhd.<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2c2 y2d14 w31 h8c\"><div class=\"t m0 x0 h88 y1bec ff126 fs3a fc2 sc0 ls2e ws5c\">Malaysia<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x315 y2d14 w34 h8c\"><div class=\"t m0 x193 h88 y1bec ff126 fs3a fc2 sc0 ls20 ws36\">49<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d14 w48 h8c\"><div class=\"t m0 x193 h88 y1bec ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d14 w20 h8c\"><div class=\"t m0 x179 h87 y1bec ff127 fs3a fc2 sc0 ls23 ws39\">11,841<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d14 w34 h8c\"><div class=\"t m0 x184 h88 y1bec ff126 fs3a fc2 sc0 ls20 ws36\">9,122<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x2a1 y2d15 w20 h8a\"><div class=\"t m0 x180 h87 y1c38 ff127 fs3a fc2 sc0 ls21 ws35\">336,<span class=\"_ _2\"></span>851<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d15 w34 h8a\"><div class=\"t m0 x181 h88 y1c38 ff126 fs3a fc2 sc0 ls20 ws36\">314,356<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d16 w94 h86\"><div class=\"t m0 x0 h88 y1be8 ff126 fs3a fc2 sc0 ls24 ws3b\">Tank <span class=\"_ _1\"></span><span class=\"ff128\">Container<span class=\"_ _2\"></span>s\u2019<span class=\"ff126 ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls24 ws3b\">non<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">material joint<span class=\"_ _2\"></span> ventu<span class=\"_ _2\"></span>res:</span></span></span></span></span><span class=\"ff128\"><span class=\"ff126 ls1 ws0\"><span class=\"ls24 ws3b\"><span class=\"ls1 ws0\"> </span></span></span></span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2d17 w94 h86\"><div class=\"t m0 x19a h88 y1c4c ff126 fs3a fc2 sc0 ls22 ws37\">Hyop W<span class=\"_ _1\"></span>oon Stolt Transportati<span class=\"_ _1\"></span>on Services Co. Ltd<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2c2 y2d17 w31 h86\"><div class=\"t m0 x0 h88 y1c4c ff126 fs3a fc2 sc0 ls22 ws37\">South Korea<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x315 y2d17 w34 h86\"><div class=\"t m0 x193 h88 y1c4c ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d17 w48 h86\"><div class=\"t m0 x193 h88 y1c4c ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d17 w20 h86\"><div class=\"t m0 x185 h87 y1c4c ff127 fs3a fc2 sc0 ls21 ws35\">3,54<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d17 w34 h86\"><div class=\"t m0 x184 h88 y1c4c ff126 fs3a fc2 sc0 ls20 ws36\">3,850<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d18 w94 h8a\"><div class=\"t m0 x19a h88 y1c3f ff126 fs3a fc2 sc0 ls28 ws0\">Kanoo<span class=\"_ _2\"></span> Tank Se<span class=\"_ _2\"></span>rvic<span class=\"_ _2\"></span>es Lt<span class=\"_ _2\"></span>d.<span class=\"ls1\"> </span></div></td><td class=\"c x2c2 y2d18 w31 h8a\"><div class=\"t m0 x0 h88 y1c3f ff126 fs3a fc2 sc0 ls29 ws42\">Saudi Arabia<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x315 y2d18 w34 h8a\"><div class=\"t m0 x193 h88 y1c3f ff126 fs3a fc2 sc0 ls20 ws36\">60<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d18 w48 h8a\"><div class=\"t m0 x193 h88 y1c3f ff126 fs3a fc2 sc0 ls20 ws36\">60<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d18 w20 h8a\"><div class=\"t m0 x179 h87 y1c3f ff127 fs3a fc2 sc0 ls23 ws39\">15,024<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d18 w34 h8a\"><div class=\"t m0 x183 h88 y1c3f ff126 fs3a fc2 sc0 ls20 ws36\">16,352<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d19 w94 h86\"><div class=\"t m0 x19a h88 y1c4c ff126 fs3a fc2 sc0 ls29 ws42\">Vado Tank Cle<span class=\"_ _2\"></span>aning SRL<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2c2 y2d19 w31 h86\"><div class=\"t m0 x0 h88 y1c4c ff126 fs3a fc2 sc0 ls29 ws44\">Italy<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x315 y2d19 w34 h86\"><div class=\"t m0 x193 h88 y1c4c ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d19 w48 h86\"><div class=\"t m0 x193 h88 y1c4c ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d19 w20 h86\"><div class=\"t m0 x185 h87 y1c4c ff127 fs3a fc2 sc0 ls21 ws35\">1,97<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d19 w34 h86\"><div class=\"t m0 x184 h88 y1c4c ff126 fs3a fc2 sc0 ls20 ws36\">1,716<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d1a w94 h86\"><div class=\"t m0 x19a h88 y1bef ff126 fs3a fc2 sc0 ls2e ws4c\">Laem Chabang Tank<span class=\"_ _2\"></span> Service Co. Ltd<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2c2 y2d1a w31 h86\"><div class=\"t m0 x0 h88 y1bef ff126 fs3a fc2 sc0 ls29 ws44\">Thailand<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x315 y2d1a w34 h86\"><div class=\"t m0 x193 h88 y1bef ff126 fs3a fc2 sc0 ls20 ws36\">49<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d1a w48 h86\"><div class=\"t m0 x193 h88 y1bef ff126 fs3a fc2 sc0 ls20 ws36\">49<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d1a w20 h86\"><div class=\"t m0 x185 h87 y1bef ff127 fs3a fc2 sc0 ls21 ws35\">1,04<span class=\"_ _2\"></span>9<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d1a w34 h86\"><div class=\"t m0 x184 h88 y1bef ff126 fs3a fc2 sc0 ls20 ws36\">1,070<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d1b w94 h8a\"><div class=\"t m0 x19a h88 y1c4d ff126 fs3a fc2 sc0 ls37 wsa5\">FSTS CO., Ltd <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2c2 y2d1b w31 h8a\"><div class=\"t m0 x0 h88 y1c4d ff126 fs3a fc2 sc0 ls29 ws44\">Thailand <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x315 y2d1b w34 h8a\"><div class=\"t m0 x193 h88 y1c4d ff126 fs3a fc2 sc0 ls20 ws36\">49<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d1b w48 h8a\"><div class=\"t m0 x193 h88 y1c4d ff126 fs3a fc2 sc0 ls20 ws36\">49<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d1b w20 h8a\"><div class=\"t m0 x185 h87 y1c4d ff127 fs3a fc2 sc0 ls21 ws35\">1,30<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d1b w34 h8a\"><div class=\"t m0 x184 h88 y1c4d ff126 fs3a fc2 sc0 ls20 ws36\">1,056<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d1c w94 h86\"><div class=\"t m0 x19a h88 y1bfa ff126 fs3a fc2 sc0 ls29 ws42\">Joint Tank S<span class=\"_ _2\"></span>ervices FZC<span class=\"_ _2\"></span>O<span class=\"ls1 ws0\">  </span></div></td><td class=\"c x2c2 y2d1c w31 h86\"><div class=\"t m0 x0 h88 y1bfa ff126 fs3a fc2 sc0 ls29 ws42\">United Arab <span class=\"_ _2\"></span>Emirates<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x315 y2d1c w34 h86\"><div class=\"t m0 x193 h88 y1bfa ff126 fs3a fc2 sc0 ls20 ws36\">40<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d1c w48 h86\"><div class=\"t m0 x193 h88 y1bfa ff126 fs3a fc2 sc0 ls20 ws36\">40<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d1c w20 h86\"><div class=\"t m0 x185 h87 y1bfa ff127 fs3a fc2 sc0 ls21 ws35\">1,93<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d1c w34 h86\"><div class=\"t m0 x184 h88 y1bfa ff126 fs3a fc2 sc0 ls20 ws36\">1,494<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x2a1 y2d1d w20 h8b\"><div class=\"t m0 x179 h87 y1bf8 ff127 fs3a fc2 sc0 ls23 ws39\">24,825<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d1d w34 h8b\"><div class=\"t m0 x183 h88 y1bf8 ff126 fs3a fc2 sc0 ls20 ws36\">25,538<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d1e w94 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff126 fs3a fc2 sc0 ls1 ws0\">S<span class=\"ls29 ws44\">tolt</span>-<span class=\"_ _1\"></span>N<span class=\"ls29 ws44\">ielsen</span> <span class=\"ff128 ls2e ws5c\">Gas\u2019</span> <span class=\"_ _1\"></span><span class=\"ls24 ws3a\">material joint ventur<span class=\"_ _2\"></span>e:</span><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x317 y2d20 w180 h13d\"><div class=\"t m0 x245 h88 y29ed ff126 fs3a fc2 sc0 ls29 ws42\">Avenir LNG <span class=\"_ _2\"></span>Limited</div><div class=\"t m0 x316 hd1 y2d1f ff126 fs43 fc2 sc0 ls1 ws0\">3<span class=\"_ _195\"> </span></div></td><td class=\"c x2c2 y2d21 w31 h86\"><div class=\"t m0 x0 h88 y1bf8 ff126 fs3a fc2 sc0 ls2a ws45\">Bermu<span class=\"_ _2\"></span>da <span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td class=\"c x2a1 y2d21 w20 h86\"><div class=\"t m0 x2d h87 y1bf8 ff129 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff127\"> </span></div></td><td class=\"c x2fa y2d21 w34 h86\"><div class=\"t m0 x183 h88 y1bf8 ff126 fs3a fc2 sc0 ls20 ws36\">70,482<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d22 w94 h86\"><div class=\"t m0 x0 h88 y1bde ff126 fs3a fc2 sc0 ls1 ws0\">S<span class=\"ls29 ws44\">tolt</span>-<span class=\"_ _1\"></span>N<span class=\"ls29 ws44\">ielsen</span> <span class=\"ls2e ws5c\">Gas</span><span class=\"ff128\">\u2019<span class=\"_ _1\"></span><span class=\"ff126\"> <span class=\"ls24 ws3b\">non</span>-<span class=\"_ _1\"></span><span class=\"ls24 ws3a\">material joint v<span class=\"_ _2\"></span>enture:</span></span></span><span class=\"ff128\"><span class=\"ff126\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2d23 w94 h8a\"><div class=\"t m0 x19a h88 y1be0 ff126 fs3a fc2 sc0 ls2a ws45\">Higas<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2a ws45\">Hol<span class=\"_ _2\"></span>dings<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls29 ws44\">Limited</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls2a ws45\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2c2 y2d23 w31 h8a\"><div class=\"t m0 x0 h88 y1be0 ff126 fs3a fc2 sc0 ls24 ws3b\">Italy <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x315 y2d23 w34 h8a\"><div class=\"t m0 x193 h88 y1be0 ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d23 w48 h8a\"><div class=\"t m0 x193 h88 y1be0 ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d23 w20 h8a\"><div class=\"t m0 x179 h87 y1be0 ff127 fs3a fc2 sc0 ls23 ws39\">12,290<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d23 w34 h8a\"><div class=\"t m0 x183 h88 y1be0 ff126 fs3a fc2 sc0 ls20 ws36\">12,112<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x2a1 y2d24 w20 h86\"><div class=\"t m0 x179 h87 y225f ff127 fs3a fc2 sc0 ls23 ws39\">12,290<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d24 w34 h86\"><div class=\"t m0 x183 h88 y225f ff126 fs3a fc2 sc0 ls20 ws36\">82,594<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d25 w94 h86\"><div class=\"t m0 x0 h87 y1be4 ff127 fs3a fc2 sc0 ls37 ws5d\">Subtotal<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td class=\"c x2a1 y2d25 w20 h86\"><div class=\"t m0 x180 h87 y1be4 ff127 fs3a fc2 sc0 ls21 ws35\">624,<span class=\"_ _2\"></span>739<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d25 w34 h86\"><div class=\"t m0 x181 h88 y1be4 ff126 fs3a fc2 sc0 ls20 ws36\">717,008<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"gs8f\"><table class=\"s w14c h13f\" id=\"_d8b38c00-cd6e-45d0-91cf-651a4d1de876\"><tr><td></td><td></td><td class=\"t m0 x323 h82 y2d42 ff12c fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"t m0 x324 h82 y2d42 ff12c fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"c x2a1 y2d43 w97 h80\"><div class=\"t m0 x184 h82 y1bd2 ff12c fs3b fc2 sc0 ls2d ws4a\">As<span class=\"ls1 ws0\"> of November <span class=\"ls1b ws2f\">30</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2d44 w14a h102\"><div class=\"t m0 x245 h82 y29a6 ff12c fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2a3 h82 y29a7 ff12c fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x326 y2d44 w186 h140\"><div class=\"t m0 x245 h82 y29a6 ff12c fs3b fc2 sc0 ls1 ws0\">Location</div><div class=\"t m0 x325 hd0 y2d45 ff12c fs42 fc2 sc0 ls1 ws0\">1<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x327 h82 y2d46 ff12c fs3b fc2 sc0 ls1 ws0\">% Shares<span class=\"_ _195\"> </span></td><td class=\"t m0 x2ac h82 y2d46 ff12c fs3b fc2 sc0 ls1 ws0\">% Voting r<span class=\"ls39 ws5f\">ights<span class=\"_ _195\"> </span></span></td><td class=\"t m0 x2db h85 y2d46 ff12d fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"t m0 x307 h82 y2d46 ff12c fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2d47 w95 hd4\"><div class=\"t m0 x0 h88 y1bf1 ff12c fs3a fc2 sc0 ls22 ws3e\">Non<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2e ws4c\">material asso<span class=\"_ _2\"></span>ciates:</span></span><span class=\"ls1 ws0\"><span class=\"ls2e ws4c\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2d48 w95 h89\"><div class=\"t m0 x19a h88 y1bef ff12c fs3a fc2 sc0 ls24 ws3a\">Brovig SS II Indre Selskap<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x328 y2d48 w96 h89\"><div class=\"t m0 x0 h88 y1bef ff12c fs3a fc2 sc0 ls22 ws3e\">Norway<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x329 y2d48 w34 h89\"><div class=\"t m0 x193 h88 y1bef ff12c fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d48 w20 h89\"><div class=\"t m0 x193 h88 y1bef ff12c fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d48 w20 h89\"><div class=\"t m0 x2d h87 y1bef ff12e fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff12d\"> </span></div></td><td class=\"c x2fa y2d48 w34 h89\"><div class=\"t m0 x193 h88 y1bef ff12c fs3a fc2 sc0 ls20 ws36\">31<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d49 w95 h86\"><div class=\"t m0 x19a h88 y1bf4 ff12c fs3a fc2 sc0 ls22 ws37\">Essberg<span class=\"_ _1\"></span>er &amp; Stolt Tankers GMb<span class=\"_ _1\"></span>H &amp; C<span class=\"_ _2\"></span>o KG<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x328 y2d49 w96 h86\"><div class=\"t m0 x0 h88 y1bf4 ff12c fs3a fc2 sc0 ls24 ws3b\">Germany<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x329 y2d49 w34 h86\"><div class=\"t m0 x193 h88 y1bf4 ff12c fs3a fc2 sc0 ls20 ws36\">28<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d49 w20 h86\"><div class=\"t m0 x193 h88 y1bf4 ff12c fs3a fc2 sc0 ls20 ws36\">28<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d49 w20 h86\"><div class=\"t m0 x177 h87 y1bf4 ff12d fs3a fc2 sc0 ls21 ws35\">164<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d49 w34 h86\"><div class=\"t m0 x1a0 h88 y1bf4 ff12c fs3a fc2 sc0 ls20 ws36\">164<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d4a w95 h8c\"><div class=\"t m0 x19a h88 y1c3f ff12c fs3a fc2 sc0 ls23 ws4b\">N.C. Stolt T<span class=\"_ _1\"></span>ransportation<span class=\"_ _1\"></span> Services Co.<span class=\"_ _1\"></span> Ltd<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x328 y2d4a w96 h8c\"><div class=\"t m0 x0 h88 y1c3f ff12c fs3a fc2 sc0 ls2e ws5c\">Japan<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x329 y2d4a w34 h8c\"><div class=\"t m0 x193 h88 y1c3f ff12c fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d4a w20 h8c\"><div class=\"t m0 x193 h88 y1c3f ff12c fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d4a w20 h8c\"><div class=\"t m0 x185 h87 y1c3f ff12d fs3a fc2 sc0 ls21 ws35\">1,32<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d4a w34 h8c\"><div class=\"t m0 x184 h88 y1c3f ff12c fs3a fc2 sc0 ls20 ws36\">1,226<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d4b w95 h86\"><div class=\"t m0 x19a h88 y1bf8 ff12c fs3a fc2 sc0 ls22 ws37\">Nortermi<span class=\"_ _1\"></span>nal A.S.<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x328 y2d4b w96 h86\"><div class=\"t m0 x0 h88 y1bf8 ff12c fs3a fc2 sc0 ls22 ws3e\">Norway<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x329 y2d4b w34 h86\"><div class=\"t m0 x193 h88 y1bf8 ff12c fs3a fc2 sc0 ls20 ws36\">25<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d4b w20 h86\"><div class=\"t m0 x193 h88 y1bf8 ff12c fs3a fc2 sc0 ls20 ws36\">25<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d4b w20 h86\"><div class=\"t m0 x177 h87 y1bf8 ff12d fs3a fc2 sc0 ls21 ws35\">660<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d4b w34 h86\"><div class=\"t m0 x1a0 h88 y1bf8 ff12c fs3a fc2 sc0 ls20 ws36\">648<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d4c w95 h89\"><div class=\"t m0 x19a h88 y1bfa ff12c fs3a fc2 sc0 ls23 ws4b\">N.C. Stolt Ch<span class=\"_ _1\"></span>uyko Transp<span class=\"_ _1\"></span>ortation Serv<span class=\"_ _1\"></span>ices Co. Ltd<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x328 y2d4c w96 h89\"><div class=\"t m0 x0 h88 y1bfa ff12c fs3a fc2 sc0 ls2e ws5c\">Japan<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x329 y2d4c w34 h89\"><div class=\"t m0 x193 h88 y1bfa ff12c fs3a fc2 sc0 ls20 ws36\">35<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d4c w20 h89\"><div class=\"t m0 x193 h88 y1bfa ff12c fs3a fc2 sc0 ls20 ws36\">35<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d4c w20 h89\"><div class=\"t m0 x177 h87 y1bfa ff12d fs3a fc2 sc0 ls21 ws35\">488<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d4c w34 h89\"><div class=\"t m0 x1a0 h88 y1bfa ff12c fs3a fc2 sc0 ls20 ws36\">486<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d4d w95 ha4\"><div class=\"t m0 x0 h87 y1c4d ff12d fs3a fc2 sc0 ls37 ws5d\">Subtotal<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td class=\"c x2a1 y2d4d w20 ha4\"><div class=\"t m0 x185 h87 y1c4d ff12d fs3a fc2 sc0 ls21 ws35\">2,63<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d4d w34 ha4\"><div class=\"t m0 x184 h88 y1c4d ff12c fs3a fc2 sc0 ls20 ws36\">2,555<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x2a1 y2d4e w20 h86\"><div class=\"t m0 x180 h87 y1bde ff12d fs3a fc2 sc0 ls21 ws35\">627,<span class=\"_ _2\"></span>377<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d4e w34 h86\"><div class=\"t m0 x181 h88 y1bde ff12c fs3a fc2 sc0 ls20 ws36\">719,563<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 ha2 ff12c fs3f fc2 sc0 ls3c ws61 gs376\">1.<span class=\"ff12f ls1 ws0\">  </span><span class=\"ls67 wsaf\">R<span class=\"_ _2\"></span>epre<span class=\"_ _2\"></span>sen<span class=\"_ _2\"></span>ts th<span class=\"_ _2\"></span>e cou<span class=\"_ _2\"></span>ntr<span class=\"_ _2\"></span>y of in<span class=\"_ _2\"></span>co<span class=\"_ _2\"></span>rpora<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\">, </span>whic<span class=\"_ _2\"></span>h is the<span class=\"_ _2\"></span> prin<span class=\"_ _2\"></span>cip<span class=\"_ _2\"></span>al p<span class=\"_ _2\"></span>lace<span class=\"_ _2\"></span> of bu<span class=\"_ _2\"></span>sine<span class=\"_ _2\"></span>ss, e<span class=\"_ _2\"></span>xcep<span class=\"_ _2\"></span>t fo<span class=\"_ _2\"></span>r NYK<span class=\"_ _2\"></span> Stol<span class=\"_ _2\"></span>t Tan<span class=\"_ _2\"></span>ker<span class=\"_ _2\"></span>s S.A.<span class=\"_ _2\"></span>, Sto<span class=\"_ _2\"></span>lt N<span class=\"_ _2\"></span>YK Asia<span class=\"_ _2\"></span> Pac<span class=\"_ _2\"></span>ifi<span class=\"_ _2\"></span>c Ser<span class=\"_ _2\"></span>vice<span class=\"_ _2\"></span>s Inc<span class=\"_ _2\"></span>.,<span class=\"_ _2\"></span> NYK St<span class=\"_ _2\"></span>olt<span class=\"_ _2\"></span> </span><span class=\"ws62\">Shiphol<span class=\"_ _2\"></span>ding Pte.<span class=\"_ _2\"></span> Ltd., Essberge<span class=\"_ _2\"></span>r &amp; Stol<span class=\"_ _2\"></span>t Tankers GMb<span class=\"_ _2\"></span>H &amp; Co KG, Bro<span class=\"_ _2\"></span>vig SS II Ind<span class=\"_ _2\"></span>re Selskap an<span class=\"_ _2\"></span>d Aveni<span class=\"_ _2\"></span>r LNG Limited<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls3e wscb\">wh<span class=\"_ _2\"></span>ich </span></span></span></div><div class=\"t m0 ha2 ff12c fs3f fc2 sc0 ls3f ws9f gs377\">op<span class=\"_ _1\"></span>erate on<span class=\"_ _1\"></span> a world<span class=\"_ _1\"></span>wide or re<span class=\"_ _1\"></span>gional<span class=\"_ _1\"></span> basis.<span class=\"_ _1\"></span> <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 ha2 ff12c fs3f fc2 sc0 ls3c ws61 gs378\">2.<span class=\"ff12f ls1 ws0\">  </span><span class=\"ws66\">O<span class=\"_ _2\"></span>n Janu<span class=\"_ _2\"></span>ary 31,<span class=\"_ _2\"></span> 2025<span class=\"_ _2\"></span>, the G<span class=\"_ _2\"></span>roup ac<span class=\"_ _2\"></span>quired<span class=\"_ _2\"></span> the r<span class=\"_ _2\"></span>emainin<span class=\"_ _2\"></span>g 50.0<span class=\"_ _2\"></span>% shareh<span class=\"_ _2\"></span>oldin<span class=\"_ _2\"></span>g in </span>H<span class=\"_ _2\"></span>S4<span class=\"ls67 ws9e\">. A<span class=\"_ _2\"></span>t th<span class=\"_ _2\"></span>is<span class=\"_ _2\"></span> tim<span class=\"_ _2\"></span>e, <span class=\"_ _2\"></span><span class=\"ls44 wscc\">HS4<span class=\"ls1 ws0\"> <span class=\"ls3f ws9f\">cea<span class=\"_ _1\"></span>sed bei<span class=\"_ _1\"></span>ng a join<span class=\"_ _1\"></span>t ventu<span class=\"_ _1\"></span>re and was c<span class=\"_ _1\"></span>onsoli<span class=\"_ _1\"></span>dated<span class=\"_ _1\"></span> within<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>th<span class=\"_ _1\"></span>e Group r<span class=\"_ _1\"></span>esults<span class=\"_ _1\"></span>. See Not<span class=\"_ _1\"></span>e 33.<span class=\"ls1 ws0\"> </span></span></span></span></span></div><div class=\"t m0 ha2 ff12c fs3f fc2 sc0 ls3c ws61 gs379\">3.<span class=\"ff12f ls1 ws0\">  </span><span class=\"ls3f ws67\">On Febr<span class=\"_ _1\"></span>uary 6<span class=\"_ _1\"></span>, 202<span class=\"_ _1\"></span>5, the<span class=\"_ _1\"></span> Group <span class=\"_ _1\"></span>acqu<span class=\"_ _1\"></span>ired an<span class=\"_ _1\"></span> addit<span class=\"_ _1\"></span>ional<span class=\"_ _1\"></span> 46.9%<span class=\"_ _1\"></span> shar<span class=\"_ _1\"></span>eholdi<span class=\"_ _1\"></span>ng in <span class=\"_ _1\"></span>Avenir<span class=\"_ _1\"></span>. At t<span class=\"_ _1\"></span>his tim<span class=\"_ _1\"></span>e, Ave<span class=\"_ _1\"></span>nir c<span class=\"_ _1\"></span>eased<span class=\"_ _1\"></span> being<span class=\"_ _1\"></span> a joi<span class=\"_ _1\"></span>nt<span class=\"ls1 ws0\"> </span><span class=\"ws9f\">v<span class=\"_ _1\"></span>entur<span class=\"_ _1\"></span>e and was co<span class=\"_ _1\"></span>nsoli<span class=\"_ _1\"></span>dated w<span class=\"_ _1\"></span>ithin<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>th<span class=\"_ _1\"></span>e Group res<span class=\"_ _1\"></span>ults<span class=\"_ _1\"></span>. <span class=\"_ _2\"></span>Th<span class=\"_ _1\"></span>e remain<span class=\"_ _1\"></span>ing 4.2<span class=\"_ _1\"></span>% was acq<span class=\"_ _1\"></span>uired o<span class=\"_ _1\"></span>n March 5,<span class=\"_ _1\"></span> 2025. Se<span class=\"_ _1\"></span>e Note 3<span class=\"_ _1\"></span>3.<span class=\"ls1 ws0\"> </span></span></span></div><div class=\"gs37a\"><table class=\"s w146 h13e\" id=\"_f18ff082-fad8-4007-9387-96e7f51df934\"><tr><td class=\"c x24b y2d26 w98 hb9\"><div class=\"t m0 x0 h82 y1c42 ff12c fs3b fc2 sc0 ls1 ws0\">(<span class=\"ls2d ws4a\"></span><span class=\"ls2d ws4a\">in</span> <span class=\"ls1c ws30\">US </span>$ thousands) </div></td><td class=\"c x2fb y2d26 w48 hb9\"><div class=\"t m0 x17c h82 y1e7e ff12c fs3b fc2 sc0 ls1 ws0\">Joint ventures </div></td><td class=\"c x2f9 y2d26 w20 hb9\"><div class=\"t m0 x181 h82 y1e7e ff12c fs3b fc2 sc0 ls82 wscd\">Assoc<span class=\"_ _2\"></span>iates<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d26 w2a hb9\"><div class=\"t m0 x177 h82 y1e7e ff12c fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2d27 w98 h86\"><div class=\"t m0 x0 h87 y1bfa ff12d fs3a fc2 sc0 ls2e ws5c\">Balance, <span class=\"ls1f ws3e\">December 1<span class=\"ls21 ws3b\">, 20<span class=\"ls66 ws9d\">23</span></span></span><span class=\"ls1f ws3e\"><span class=\"ls21 ws3b\"><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></span></span></div></td><td class=\"c x2fb y2d27 w48 h86\"><div class=\"t m0 x180 h87 y1bfa ff12d fs3a fc2 sc0 ls21 ws35\">640,<span class=\"_ _2\"></span>576<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d27 w20 h86\"><div class=\"t m0 x185 h87 y1bfa ff12d fs3a fc2 sc0 ls21 ws35\">9,58<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d27 w2a h86\"><div class=\"t m0 x180 h87 y1bfa ff12d fs3a fc2 sc0 ls21 ws35\">650,<span class=\"_ _2\"></span>163<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d28 w98 h86\"><div class=\"t m0 x0 h88 y1bf8 ff12c fs3a fc2 sc0 ls22 ws37\">Share of p<span class=\"_ _1\"></span>rofit of joint ventures and associa<span class=\"_ _1\"></span>tes<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d28 w48 h86\"><div class=\"t m0 x183 h88 y1bf8 ff12c fs3a fc2 sc0 ls20 ws36\">62,646<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d28 w20 h86\"><div class=\"t m0 x1a0 h88 y1bf8 ff12c fs3a fc2 sc0 ls20 ws36\">112<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d28 w2a h86\"><div class=\"t m0 x183 h88 y1bf8 ff12c fs3a fc2 sc0 ls20 ws36\">62,758<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d29 w98 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff12c fs3a fc2 sc0 ls29 ws44\">Dividends <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d29 w25 h8a\"><div class=\"t m0 x187 h88 y1bf6 ff12c fs3a fc2 sc0 ls20 ws36\">(48,288)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d29 w24 h8a\"><div class=\"t m0 x186 h88 y1bf6 ff12c fs3a fc2 sc0 ls20 ws36\">(5,520)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x319 y2d2a w181 hfa\"><div class=\"t m0 x245 h88 y2933 ff12c fs3a fc2 sc0 ls20 ws36\">(53,808<span class=\"_ _195\"> </span></div><div class=\"t m0 x318 h88 y2933 ff12c fs3a fc2 sc0 ls1 ws0\">)<span class=\"_ _195\"> </span></div></td></tr><tr><td class=\"c x24b y2d2b w98 ha1\"><div class=\"t m0 x0 h88 y1bf8 ff12c fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d2b w25 ha1\"><div class=\"t m0 x187 h88 y1bf8 ff12c fs3a fc2 sc0 ls20 ws36\">(12,193)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d2b w24 ha1\"><div class=\"t m0 x171 h88 y1bf8 ff12c fs3a fc2 sc0 ls20 ws36\">(30)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x319 y2d2c w181 hfa\"><div class=\"t m0 x245 h88 y2933 ff12c fs3a fc2 sc0 ls20 ws36\">(12,223<span class=\"_ _195\"> </span></div><div class=\"t m0 x318 h88 y2933 ff12c fs3a fc2 sc0 ls1 ws0\">)<span class=\"_ _195\"> </span></div></td></tr><tr><td class=\"c x24b y2d2d w98 h89\"><div class=\"t m0 x0 h88 y1bde ff12c fs3a fc2 sc0 ls22 ws3e\">Net<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls29 ws44\">loss<span class=\"ls1 ws0\"> <span class=\"ls24 ws3a\">on cash flow hedges held by joint <span class=\"_ _2\"></span>ventures</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls29 ws44\"><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"> </span> </span></span></span></div></td><td class=\"c x2fb y2d2d w25 h89\"><div class=\"t m0 x186 h88 y1bde ff12c fs3a fc2 sc0 ls20 ws36\">(2,273)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d2d w20 h89\"><div class=\"t m0 x2d h88 y1bde ff130 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff12c\"> </span></div></td><td class=\"c x31b y2d2e w182 hfa\"><div class=\"t m0 x245 h88 y2933 ff12c fs3a fc2 sc0 ls20 ws36\">(2,273<span class=\"_ _195\"> </span></div><div class=\"t m0 x31a h88 y2933 ff12c fs3a fc2 sc0 ls1 ws0\">)<span class=\"_ _195\"> </span></div></td></tr><tr><td class=\"c x24b y2d2f w98 h8c\"><div class=\"t m0 x0 h88 y1be0 ff12c fs3a fc2 sc0 ls24 ws3a\">Advances to joint ventures, net<span class=\"ls1 ws0\"> </span>of repayments<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d2f w48 h8c\"><div class=\"t m0 x183 h88 y1be0 ff12c fs3a fc2 sc0 ls20 ws36\">59,108<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d2f w20 h8c\"><div class=\"t m0 x2d h88 y1be0 ff130 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff12c\"> </span></div></td><td class=\"c x2fa y2d2f w2a h8c\"><div class=\"t m0 x183 h88 y1be0 ff12c fs3a fc2 sc0 ls20 ws36\">59,108<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d30 w98 h86\"><div class=\"t m0 x0 h88 y1bda ff12c fs3a fc2 sc0 ls2e ws4c\">Net act<span class=\"_ _2\"></span>uarial <span class=\"ls1f ws43\">gain<span class=\"ls1 ws0\"> <span class=\"ls24 ws3a\">on pension schemes held by <span class=\"_ _2\"></span>joint venture</span></span></span><span class=\"ls1f ws43\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2fb y2d30 w48 h86\"><div class=\"t m0 x1a0 h88 y1bda ff12c fs3a fc2 sc0 ls20 ws36\">531<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d30 w20 h86\"><div class=\"t m0 x2d h88 y1bda ff130 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff12c\"> </span></div></td><td class=\"c x2fa y2d30 w2a h86\"><div class=\"t m0 x1a0 h88 y1bda ff12c fs3a fc2 sc0 ls20 ws36\">531<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d31 w98 h86\"><div class=\"t m0 x0 h88 y1c05 ff12c fs3a fc2 sc0 ls24 ws3a\">Investment in joint venture<span class=\"ls1 ws0\"> <span class=\"ls2e ws4c\">and associat<span class=\"_ _2\"></span>e</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d31 w48 h86\"><div class=\"t m0 x183 h88 y1c05 ff12c fs3a fc2 sc0 ls20 ws36\">14,520<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d31 w20 h86\"><div class=\"t m0 x2d h88 y1c05 ff130 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff12c\"> </span></div></td><td class=\"c x2fa y2d31 w2a h86\"><div class=\"t m0 x183 h88 y1c05 ff12c fs3a fc2 sc0 ls20 ws36\">14,520<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d32 w98 h8a\"><div class=\"t m0 x0 h88 y1c03 ff12c fs3a fc2 sc0 ls20 ws36\">Transfer<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d32 w48 h8a\"><div class=\"t m0 x184 h88 y1c03 ff12c fs3a fc2 sc0 ls20 ws36\">1,245<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d32 w24 h8a\"><div class=\"t m0 x186 h88 y1c03 ff12c fs3a fc2 sc0 ls20 ws36\">(1,245)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d32 w2a h8a\"><div class=\"t m0 x2d h88 y1c03 ff130 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff12c\"> </span></div></td></tr><tr><td class=\"c x24b y2d33 w98 h86\"><div class=\"t m0 x0 h88 y1be4 ff12c fs3a fc2 sc0 ls2a ws45\">Othe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d33 w48 h86\"><div class=\"t m0 x184 h88 y1be4 ff12c fs3a fc2 sc0 ls20 ws36\">1,136<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d33 w24 h86\"><div class=\"t m0 x47 h88 y1be4 ff12c fs3a fc2 sc0 ls20 ws36\">(349)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d33 w2a h86\"><div class=\"t m0 x1a0 h88 y1be4 ff12c fs3a fc2 sc0 ls20 ws36\">787<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x246 y2d35 w183 hfb\"><div class=\"t m0 x245 h87 y2d34 ff12d fs3a fc2 sc0 ls21 ws38\">Bala<span class=\"_ _2\"></span>nce, N<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 30, 20<span class=\"_ _195\"> </span></div><div class=\"t m0 x31c h87 y2d34 ff12d fs3a fc2 sc0 ls66 ws9d\">24<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x31d h87 y2d36 ff12d fs3a fc2 sc0 ls21 ws35\">717,<span class=\"_ _2\"></span>008<span class=\"_ _195\"> </span></td><td class=\"t m0 x31e h87 y2d36 ff12d fs3a fc2 sc0 ls21 ws35\">2,55<span class=\"_ _2\"></span>5<span class=\"_ _195\"> </span></td><td class=\"t m0 x281 h87 y2d36 ff12d fs3a fc2 sc0 ls21 ws35\">719,<span class=\"_ _2\"></span>563<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2d37 w98 h8c\"><div class=\"t m0 x0 h88 y1c18 ff12c fs3a fc2 sc0 ls22 ws37\">Share of p<span class=\"_ _1\"></span>rofit of joint ventures and associa<span class=\"_ _1\"></span>tes<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d37 w48 h8c\"><div class=\"t m0 x183 h88 y1c18 ff12c fs3a fc2 sc0 ls20 ws36\">43,311<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d37 w20 h8c\"><div class=\"t m0 x1a0 h88 y1c18 ff12c fs3a fc2 sc0 ls20 ws36\">200<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d37 w2a h8c\"><div class=\"t m0 x183 h88 y1c18 ff12c fs3a fc2 sc0 ls20 ws36\">43,511<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d38 w98 h86\"><div class=\"t m0 x0 h88 y1bea ff12c fs3a fc2 sc0 ls29 ws44\">Dividends <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d38 w25 h86\"><div class=\"t m0 x187 h88 y1bea ff12c fs3a fc2 sc0 ls20 ws36\">(33,352)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d38 w20 h86\"><div class=\"t m0 x2d h88 y1bea ff130 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff12c\"> <span class=\"_ _3\"></span> </span></div></td><td class=\"c x319 y2d39 w181 hfb\"><div class=\"t m0 x245 h88 y29ed ff12c fs3a fc2 sc0 ls20 ws36\">(33,352<span class=\"_ _195\"> </span></div><div class=\"t m0 x318 h88 y29ed ff12c fs3a fc2 sc0 ls1 ws0\">)<span class=\"_ _195\"> </span></div></td></tr><tr><td class=\"c x24b y2d3a w98 h86\"><div class=\"t m0 x0 h88 y1c3b ff12c fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d3a w48 h86\"><div class=\"t m0 x183 h88 y1c3b ff12c fs3a fc2 sc0 ls20 ws36\">10,590<span class=\"ls1 ws0\">  </span></div></td><td class=\"c x2f9 y2d3a w24 h86\"><div class=\"t m0 x171 h88 y1c3b ff12c fs3a fc2 sc0 ls20 ws36\">(23)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d3a w2a h86\"><div class=\"t m0 x183 h88 y1c3b ff12c fs3a fc2 sc0 ls20 ws36\">10,567<span class=\"ls1 ws0\">  </span></div></td></tr><tr><td class=\"c x24b y2d3b w98 h94\"><div class=\"t m0 x0 h88 y1c81 ff12c fs3a fc2 sc0 ls22 ws3e\">Net<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls29 ws44\">loss<span class=\"ls1 ws0\"> <span class=\"ls24 ws3a\">on cash flow hedges held by joint <span class=\"_ _2\"></span>ventures</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls29 ws44\"><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"> </span> </span></span></span></div></td><td class=\"c x2fb y2d3b w25 h94\"><div class=\"t m0 x186 h88 y1c81 ff12c fs3a fc2 sc0 ls20 ws36\">(3,950)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d3b w20 h94\"><div class=\"t m0 x2d h88 y1c81 ff130 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff12c\"> <span class=\"_ _3\"></span> </span></div></td><td class=\"c x320 y2d3c w184 hfb\"><div class=\"t m0 x245 h88 y29ed ff12c fs3a fc2 sc0 ls20 ws36\">(3,950<span class=\"_ _195\"> </span></div><div class=\"t m0 x31f h88 y29ed ff12c fs3a fc2 sc0 ls1 ws0\">)<span class=\"_ _195\"> </span></div></td></tr><tr><td class=\"c x24b y2d3d w98 h86\"><div class=\"t m0 x0 h88 y1be8 ff12c fs3a fc2 sc0 ls24 ws3a\">Advances to joint ventures, net<span class=\"ls1 ws0\"> </span>of repayments<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d3d w48 h86\"><div class=\"t m0 x183 h88 y1be8 ff12c fs3a fc2 sc0 ls20 ws36\">20,260<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d3d w20 h86\"><div class=\"t m0 x2d h88 y1be8 ff130 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff12c\"> </span></div></td><td class=\"c x2fa y2d3d w2a h86\"><div class=\"t m0 x183 h88 y1be8 ff12c fs3a fc2 sc0 ls20 ws36\">20,260<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d3e w98 h86\"><div class=\"t m0 x0 h88 y1bf4 ff12c fs3a fc2 sc0 ls24 ws3a\">Investment in joint venture<span class=\"ls1 ws0\"> <span class=\"ls2e ws4c\">and associat<span class=\"_ _2\"></span>e</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d3e w48 h86\"><div class=\"t m0 x184 h88 y1bf4 ff12c fs3a fc2 sc0 ls20 ws36\">6,600<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d3e w20 h86\"><div class=\"t m0 x2d h88 y1bf4 ff130 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff12c\"> </span></div></td><td class=\"c x2fa y2d3e w2a h86\"><div class=\"t m0 x184 h88 y1bf4 ff12c fs3a fc2 sc0 ls20 ws36\">6,600<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c67 w98 h8a\"><div class=\"t m0 x0 h88 y1c3f ff12c fs3a fc2 sc0 ls24 ws3a\">Consolidation of HS4 and Avenir sub<span class=\"_ _2\"></span>sequent to acquiring remaining shares<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c67 w25 h8a\"><div class=\"t m0 x17f h88 y1c3f ff12c fs3a fc2 sc0 ls20 ws36\">(136,489)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c67 w20 h8a\"><div class=\"t m0 x2d h88 y1c3f ff130 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff12c\"> </span></div></td><td class=\"c x322 y2d3f w185 hfb\"><div class=\"t m0 x245 h88 y29ed ff12c fs3a fc2 sc0 ls20 ws36\">(136,489<span class=\"_ _195\"> </span></div><div class=\"t m0 x321 h88 y29ed ff12c fs3a fc2 sc0 ls1 ws0\">)<span class=\"_ _195\"> </span></div></td></tr><tr><td class=\"c x24b y2d40 w98 h86\"><div class=\"t m0 x0 h88 y1bf4 ff12c fs3a fc2 sc0 ls2a ws45\">Othe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d40 w48 h86\"><div class=\"t m0 x1a0 h88 y1bf4 ff12c fs3a fc2 sc0 ls20 ws36\">761<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d40 w24 h86\"><div class=\"t m0 x171 h88 y1bf4 ff12c fs3a fc2 sc0 ls20 ws36\">(94)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d40 w2a h86\"><div class=\"t m0 x1a0 h88 y1bf4 ff12c fs3a fc2 sc0 ls20 ws36\">667<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d41 w98 h86\"><div class=\"t m0 x0 h87 y1bef ff12d fs3a fc2 sc0 ls21 ws38\">Bala<span class=\"_ _2\"></span>nce, N<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 30, 20<span class=\"_ _2\"></span><span class=\"ls66 ws9d\">25</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2fb y2d41 w48 h86\"><div class=\"t m0 x180 h87 y1bef ff12d fs3a fc2 sc0 ls21 ws35\">624,<span class=\"_ _2\"></span>739<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d41 w20 h86\"><div class=\"t m0 x185 h87 y1bef ff12d fs3a fc2 sc0 ls21 ws35\">2,63<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d41 w2a h86\"><div class=\"t m0 x180 h87 y1bef ff12d fs3a fc2 sc0 ls21 ws35\">627,<span class=\"_ _2\"></span>377<span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 h7e ff133 fs39 fc9 sc0 ls4a ws81 gs37c\">Summaris<span class=\"_ _2\"></span>ed financi<span class=\"_ _2\"></span>al inf<span class=\"_ _2\"></span>ormati<span class=\"_ _2\"></span>on of ma<span class=\"_ _2\"></span>te<span class=\"ls46 ws6f\">ria<span class=\"_ _2\"></span>l join<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\"> <span class=\"ls72 wsce\">vent<span class=\"_ _1\"></span>ures<span class=\"ls1 ws0\"> </span></span></span></span><span class=\"ls46 ws6f\"><span class=\"ls1 ws0\"><span class=\"ls72 wsce\"><span class=\"ls1 ws0\"> </span></span></span></span></div><div class=\"t m0 h98 ff134 fs39 fc2 sc0 ls2f ws70 gs37d\">The below table<span class=\"_ _2\"></span> provides s<span class=\"_ _2\"></span><span class=\"ff135 ls30 ws50\">umm<span class=\"_ _2\"></span>arise<span class=\"_ _2\"></span>d fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al inf<span class=\"_ _2\"></span>orm<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span>\u2019s ma<span class=\"_ _2\"></span>terial<span class=\"_ _2\"></span> jo<span class=\"_ _2\"></span>int <span class=\"_ _2\"></span>ventu<span class=\"_ _2\"></span>res</span><span class=\"ls1 ws0\">, <span class=\"ff135 ls30 ws50\">represe<span class=\"_ _2\"></span>nting 1<span class=\"_ _2\"></span>00<span class=\"_ _2\"></span>% of <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>respec<span class=\"_ _2\"></span>tive<span class=\"_ _2\"></span> amo<span class=\"_ _2\"></span>unts i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>ed i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> indi<span class=\"_ _2\"></span>vidu<span class=\"_ _2\"></span>al joi<span class=\"_ _2\"></span>nt ve<span class=\"_ _2\"></span>nture<span class=\"_ _2\"></span>s\u2019 <span class=\"_ _2\"></span></span>f<span class=\"ls30 ws52\">inancia<span class=\"_ _2\"></span>l<span class=\"_ _195\"> </span></span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"> </span></span></div><div class=\"t m0 h98 ff134 fs39 fc2 sc0 ls1 ws0 gs37e\">s<span class=\"ls30 ws50\">tatements<span class=\"_ _2\"></span> as of<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>r the<span class=\"_ _2\"></span> years<span class=\"_ _2\"></span> <span class=\"ls31 ws51\">ended November 30, 2025 and 2024. The</span></span> <span class=\"ls2f ws4e\">fig<span class=\"ws70\">ures h<span class=\"_ _2\"></span>ave been amended <span class=\"_ _2\"></span>to reflect m<span class=\"_ _2\"></span>odifications <span class=\"_ _2\"></span>for difference<span class=\"_ _2\"></span>s in acco<span class=\"_ _2\"></span>unting poli<span class=\"_ _2\"></span>cy.<span class=\"_ _195\"> </span></span></span> </div><div class=\"t m0 h98 ff134 fs39 fc2 sc0 ls30 ws52 gs37f\">Long<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">term financia<span class=\"_ _2\"></span>l liabilities<span class=\"_ _2\"></span> for NYK <span class=\"_ _2\"></span>Stolt Tankers <span class=\"_ _2\"></span>S.A. included <span class=\"_ _2\"></span>shareholder loa<span class=\"_ _2\"></span>ns of </span>$<span class=\"ls31 ws53\">124.9</span> <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">milli<span class=\"_ _2\"></span>on<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">and <span class=\"ls31 ws53\">$85.<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">millio<span class=\"_ _2\"></span>n <span class=\"ls30 ws50\">as of<span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">Novemb<span class=\"_ _2\"></span>er</span> <span class=\"ls31 ws51\">30, 2025 and 2024</span></span></span><span class=\"ws70\">, respectively.<span class=\"_ _2\"></span> </span></span></span></span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws4e\"><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ls31 ws53\"><span class=\"ls1 ws0\"><span class=\"ls2f ws4e\"><span class=\"ws70\"><span class=\"ls1 ws0\"> </span></span></span></span></span></span></span></span></span></div><div class=\"gs380\"><table class=\"s w17b h141\" id=\"_6f4b2d85-52b3-45ec-a9c1-9d482b927ddc\"><tr><td></td><td class=\"t m0 x32a h82 y2d4f ff134 fs3b fc2 sc0 ls1 ws32\">NYK Stolt <span class=\"ws0\"> </span></td><td></td><td class=\"t m0 x327 h82 y2d4f ff134 fs3b fc2 sc0 ls1 ws32\">NYK Stolt <span class=\"ws0\"> </span></td><td></td><td class=\"t m0 x32b h82 y2d4f ff134 fs3b fc2 sc0 ls39 ws31\">Shan<span class=\"_ _2\"></span>ghai S<span class=\"_ _2\"></span>C<span class=\"ls1 ws0\">-Stolt</span><span class=\"ls1 ws0\"> </span><span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x305 h82 y2d50 ff134 fs3b fc2 sc0 ls1 ws32\">Tankers S.A.<span class=\"ws0\"> </span></td><td></td><td class=\"t m0 x32c h82 y2d50 ff134 fs3b fc2 sc0 ls2d ws4a\">Shipholding<span class=\"_ _2\"></span> <span class=\"ls1 ws32\">Pte. Ltd.</span><span class=\"ls1 ws32\"><span class=\"ws0\"> </span></span></td><td></td><td class=\"t m0 x306 h82 y2d50 ff134 fs3b fc2 sc0 ls2d wsa4\">Shipping<span class=\"_ _2\"></span> Ltd<span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td class=\"c x24b y2d51 w99 h83\"><div class=\"t m0 x0 h82 y1c44 ff134 fs3b fc2 sc0 ls1 ws0\">(<span class=\"ls2d ws4a\"></span><span class=\"ls2d ws4a\">in</span> <span class=\"ls1c ws30\">US </span>$ thousands) </div></td><td class=\"c x32d y2d51 w9a h83\"><div class=\"t m0 x1 h85 y1c8e ff133 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32e y2d51 w9b h83\"><div class=\"t m0 x1 h82 y1c8e ff134 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32f y2d51 w9c h83\"><div class=\"t m0 x1 h85 y1c8e ff133 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x330 y2d51 w9b h83\"><div class=\"t m0 x1 h82 y1c8e ff134 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x331 y2d51 w9d h83\"><div class=\"t m0 x1 h85 y1c8e ff133 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x332 y2d51 w9a h83\"><div class=\"t m0 x1 h82 y1c8e ff134 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d52 w99 h86\"><div class=\"t m0 x0 h87 y1c4c ff133 fs3a fc2 sc0 ls1f ws33\">Selected Ba<span class=\"_ _2\"></span>lance <span class=\"_ _2\"></span>Sheet In<span class=\"_ _2\"></span>formatio<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2d53 w99 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff134 fs3a fc2 sc0 ls24 ws3a\">Cash and cash equivalents<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32d y2d53 w9a h8a\"><div class=\"t m0 x1ce h87 y1bf6 ff133 fs3a fc2 sc0 ls23 ws39\">48,254<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32e y2d53 w9b h8a\"><div class=\"t m0 x47 h88 y1bf6 ff134 fs3a fc2 sc0 ls20 ws36\">41,282<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32f y2d53 w9c h8a\"><div class=\"t m0 x1ce h87 y1bf6 ff133 fs3a fc2 sc0 ls23 ws39\">13,851<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x330 y2d53 w9b h8a\"><div class=\"t m0 x47 h88 y1bf6 ff134 fs3a fc2 sc0 ls20 ws36\">26,754<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x331 y2d53 w9d h8a\"><div class=\"t m0 x1a0 h87 y1bf6 ff133 fs3a fc2 sc0 ls21 ws35\">7,31<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x332 y2d53 w9a h8a\"><div class=\"t m0 x47 h88 y1bf6 ff134 fs3a fc2 sc0 ls20 ws36\">24,814<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d54 w99 h8b\"><div class=\"t m0 x0 h88 y1c50 ff134 fs3a fc2 sc0 ls25 ws3c\">Current asset<span class=\"_ _2\"></span>s,<span class=\"ls1 ws0\"> <span class=\"ls24 ws3a\">other than</span> <span class=\"_ _1\"></span><span class=\"ls2e ws5c\">cash</span></span><span class=\"ls1 ws0\"><span class=\"ls2e ws5c\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x32d y2d54 w9a h8b\"><div class=\"t m0 x1a0 h87 y1c50 ff133 fs3a fc2 sc0 ls21 ws35\">9,45<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32e y2d54 w9b h8b\"><div class=\"t m0 x47 h88 y1c50 ff134 fs3a fc2 sc0 ls20 ws36\">15,009<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32f y2d54 w9c h8b\"><div class=\"t m0 x1a0 h87 y1c50 ff133 fs3a fc2 sc0 ls21 ws35\">7,26<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x330 y2d54 w9b h8b\"><div class=\"t m0 x171 h88 y1c50 ff134 fs3a fc2 sc0 ls20 ws36\">8,135<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x331 y2d54 w9d h8b\"><div class=\"t m0 x1a0 h87 y1c50 ff133 fs3a fc2 sc0 ls21 ws35\">6,70<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x332 y2d54 w9a h8b\"><div class=\"t m0 x171 h88 y1c50 ff134 fs3a fc2 sc0 ls20 ws36\">5,389<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d55 w99 h86\"><div class=\"t m0 x0 h88 y1bfa ff134 fs3a fc2 sc0 ls23 ws4b\">Current ass<span class=\"_ _1\"></span>ets<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32d y2d55 w9a h86\"><div class=\"t m0 x1ce h87 y1bfa ff133 fs3a fc2 sc0 ls23 ws39\">57,708<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32e y2d55 w9b h86\"><div class=\"t m0 x47 h88 y1bfa ff134 fs3a fc2 sc0 ls20 ws36\">56,291<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32f y2d55 w9c h86\"><div class=\"t m0 x1ce h87 y1bfa ff133 fs3a fc2 sc0 ls23 ws39\">21,119<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x330 y2d55 w9b h86\"><div class=\"t m0 x47 h88 y1bfa ff134 fs3a fc2 sc0 ls20 ws36\">34,889<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x331 y2d55 w9d h86\"><div class=\"t m0 x1ce h87 y1bfa ff133 fs3a fc2 sc0 ls23 ws39\">14,021<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x332 y2d55 w9a h86\"><div class=\"t m0 x47 h88 y1bfa ff134 fs3a fc2 sc0 ls20 ws36\">30,203<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d56 w99 h8a\"><div class=\"t m0 x0 h88 y1c4d ff134 fs3a fc2 sc0 ls22 ws3e\">Non<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls23 ws4b\">current asse<span class=\"_ _1\"></span>ts</span></span><span class=\"ls1 ws0\"><span class=\"ls23 ws4b\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x32d y2d56 w9a h8a\"><div class=\"t m0 x186 h87 y1c4d ff133 fs3a fc2 sc0 ls21 ws35\">315,<span class=\"_ _2\"></span>461<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32e y2d56 w9b h8a\"><div class=\"t m0 x182 h88 y1c4d ff134 fs3a fc2 sc0 ls20 ws36\">294,460<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32f y2d56 w9c h8a\"><div class=\"t m0 x186 h87 y1c4d ff133 fs3a fc2 sc0 ls21 ws35\">157,<span class=\"_ _2\"></span>641<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x330 y2d56 w9b h8a\"><div class=\"t m0 x182 h88 y1c4d ff134 fs3a fc2 sc0 ls20 ws36\">154,777<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x331 y2d56 w9d h8a\"><div class=\"t m0 x1ce h87 y1c4d ff133 fs3a fc2 sc0 ls23 ws39\">75,793<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x332 y2d56 w9a h8a\"><div class=\"t m0 x47 h88 y1c4d ff134 fs3a fc2 sc0 ls20 ws36\">55,363<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d57 w99 h86\"><div class=\"t m0 x0 h88 y1bde ff134 fs3a fc2 sc0 ls29 ws44\">Total <span class=\"ls1 ws0\">a<span class=\"_ _1\"></span><span class=\"ls25 ws41\">ssets</span></span><span class=\"ls1 ws0\"><span class=\"ls25 ws41\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x32d y2d57 w9a h86\"><div class=\"t m0 x186 h87 y1bde ff133 fs3a fc2 sc0 ls21 ws35\">373,<span class=\"_ _2\"></span>169<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32e y2d57 w9b h86\"><div class=\"t m0 x182 h88 y1bde ff134 fs3a fc2 sc0 ls20 ws36\">350,751<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32f y2d57 w9c h86\"><div class=\"t m0 x186 h87 y1bde ff133 fs3a fc2 sc0 ls21 ws35\">178,<span class=\"_ _2\"></span>760<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x330 y2d57 w9b h86\"><div class=\"t m0 x182 h88 y1bde ff134 fs3a fc2 sc0 ls20 ws36\">189,666<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x331 y2d57 w9d h86\"><div class=\"t m0 x1ce h87 y1bde ff133 fs3a fc2 sc0 ls23 ws39\">89,814<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x332 y2d57 w9a h86\"><div class=\"t m0 x47 h88 y1bde ff134 fs3a fc2 sc0 ls20 ws36\">85,566<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d58 w99 h86\"><div class=\"t m0 x0 h88 y1c05 ff134 fs3a fc2 sc0 ls29 ws42\">Financial lia<span class=\"_ _2\"></span>bilities,<span class=\"_ _2\"></span> other t<span class=\"_ _2\"></span>han accou<span class=\"_ _2\"></span>nts payable<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32d y2d58 w9a h86\"><div class=\"t m0 x1a0 h87 y1c05 ff133 fs3a fc2 sc0 ls21 ws35\">9,32<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32e y2d58 w9b h86\"><div class=\"t m0 x47 h88 y1c05 ff134 fs3a fc2 sc0 ls20 ws36\">13,692<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32f y2d58 w9c h86\"><div class=\"t m0 x1ce h87 y1c05 ff133 fs3a fc2 sc0 ls23 ws39\">13,951<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x330 y2d58 w9b h86\"><div class=\"t m0 x171 h88 y1c05 ff134 fs3a fc2 sc0 ls20 ws36\">4,498<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x331 y2d58 w9d h86\"><div class=\"t m0 x99 h87 y1c05 ff136 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff133\"> </span></div></td><td class=\"c x332 y2d58 w9a h86\"><div class=\"t m0 x99 h88 y1c05 ff135 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff134\"> </span></div></td></tr><tr><td class=\"c x24b y2d59 w99 h8a\"><div class=\"t m0 x0 h88 y1c03 ff134 fs3a fc2 sc0 ls29 ws42\">Other cur<span class=\"_ _2\"></span>rent liabilit<span class=\"_ _2\"></span>ies<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32d y2d59 w9a h8a\"><div class=\"t m0 x1a0 h87 y1c03 ff133 fs3a fc2 sc0 ls21 ws35\">4,25<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32e y2d59 w9b h8a\"><div class=\"t m0 x171 h88 y1c03 ff134 fs3a fc2 sc0 ls20 ws36\">8,091<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32f y2d59 w9c h8a\"><div class=\"t m0 x99 h87 y1c03 ff136 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff133\"> </span></div></td><td class=\"c x330 y2d59 w9b h8a\"><div class=\"t m0 x99 h88 y1c03 ff135 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff134\"> </span></div></td><td class=\"c x331 y2d59 w9d h8a\"><div class=\"t m0 x1a0 h87 y1c03 ff133 fs3a fc2 sc0 ls21 ws35\">7,52<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x332 y2d59 w9a h8a\"><div class=\"t m0 x171 h88 y1c03 ff134 fs3a fc2 sc0 ls20 ws36\">4,140<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d5a w99 h8c\"><div class=\"t m0 x0 h88 y1c18 ff134 fs3a fc2 sc0 ls29 ws42\">Curren<span class=\"_ _2\"></span>t liabilities<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32d y2d5a w9a h8c\"><div class=\"t m0 x1ce h87 y1c18 ff133 fs3a fc2 sc0 ls23 ws39\">13,581<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32e y2d5a w9b h8c\"><div class=\"t m0 x47 h88 y1c18 ff134 fs3a fc2 sc0 ls20 ws36\">21,783<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32f y2d5a w9c h8c\"><div class=\"t m0 x1ce h87 y1c18 ff133 fs3a fc2 sc0 ls23 ws39\">13,951<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x330 y2d5a w9b h8c\"><div class=\"t m0 x171 h88 y1c18 ff134 fs3a fc2 sc0 ls20 ws36\">4,498<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x331 y2d5a w9d h8c\"><div class=\"t m0 x1a0 h87 y1c18 ff133 fs3a fc2 sc0 ls21 ws35\">7,52<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x332 y2d5a w9a h8c\"><div class=\"t m0 x171 h88 y1c18 ff134 fs3a fc2 sc0 ls20 ws36\">4,140<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d5b w99 h89\"><div class=\"t m0 x0 h88 y1be2 ff134 fs3a fc2 sc0 ls22 ws3e\">Non<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls22 ws37\">current f<span class=\"ls29 wsc1\">inancial liabilitie<span class=\"_ _2\"></span>s</span></span></span><span class=\"ls1 ws0\"><span class=\"ls22 ws37\"><span class=\"ls29 wsc1\"><span class=\"ls1 ws0\"> </span></span></span></span></div></td><td class=\"c x32d y2d5b w9a h89\"><div class=\"t m0 x186 h87 y1be2 ff133 fs3a fc2 sc0 ls21 ws35\">211,<span class=\"_ _2\"></span>733<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32e y2d5b w9b h89\"><div class=\"t m0 x182 h88 y1be2 ff134 fs3a fc2 sc0 ls20 ws36\">190,693<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32f y2d5b w9c h89\"><div class=\"t m0 x1ce h87 y1be2 ff133 fs3a fc2 sc0 ls23 ws39\">14,792<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x330 y2d5b w9b h89\"><div class=\"t m0 x47 h88 y1be2 ff134 fs3a fc2 sc0 ls20 ws36\">33,854<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x331 y2d5b w9d h89\"><div class=\"t m0 x1 h87 y1be2 ff133 fs3a fc2 sc0 ls21 ws35\">738<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x332 y2d5b w9a h89\"><div class=\"t m0 xaf h88 y1be2 ff134 fs3a fc2 sc0 ls20 ws36\">745<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d5c w99 h86\"><div class=\"t m0 x0 h88 y2112 ff134 fs3a fc2 sc0 ls24 ws3a\">Other non<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">current liabilitie<span class=\"_ _2\"></span>s</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32d y2d5c w9a h86\"><div class=\"t m0 x99 h87 y2112 ff136 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff133\"> </span></div></td><td class=\"c x32e y2d5c w9b h86\"><div class=\"t m0 x99 h88 y2112 ff135 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff134\"> </span></div></td><td class=\"c x32f y2d5c w9c h86\"><div class=\"t m0 x1a0 h87 y2112 ff133 fs3a fc2 sc0 ls21 ws35\">3,37<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x330 y2d5c w9b h86\"><div class=\"t m0 x99 h88 y2112 ff135 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff134\"> </span></div></td><td class=\"c x331 y2d5c w9d h86\"><div class=\"t m0 x99 h87 y2112 ff136 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff133\"> </span></div></td><td class=\"c x332 y2d5c w9a h86\"><div class=\"t m0 x99 h88 y2112 ff135 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff134\"> </span></div></td></tr><tr><td class=\"c x24b y2d5d w99 h8a\"><div class=\"t m0 x0 h88 y1c65 ff134 fs3a fc2 sc0 ls29 ws42\">Total non<span class=\"ls1 ws0\">-</span>curren<span class=\"_ _2\"></span>t liabilities<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32d y2d5d w9a h8a\"><div class=\"t m0 x186 h87 y1c65 ff133 fs3a fc2 sc0 ls21 ws35\">211,<span class=\"_ _2\"></span>733<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32e y2d5d w9b h8a\"><div class=\"t m0 x182 h88 y1c65 ff134 fs3a fc2 sc0 ls20 ws36\">190,693<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32f y2d5d w9c h8a\"><div class=\"t m0 x1ce h87 y1c65 ff133 fs3a fc2 sc0 ls23 ws39\">18,167<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x330 y2d5d w9b h8a\"><div class=\"t m0 x47 h88 y1c65 ff134 fs3a fc2 sc0 ls20 ws36\">33,854<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x331 y2d5d w9d h8a\"><div class=\"t m0 x1 h87 y1c65 ff133 fs3a fc2 sc0 ls21 ws35\">738<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x332 y2d5d w9a h8a\"><div class=\"t m0 xaf h88 y1c65 ff134 fs3a fc2 sc0 ls20 ws36\">745<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d5e w99 h86\"><div class=\"t m0 x0 h87 y1be8 ff133 fs3a fc2 sc0 ls1f ws33\">Net Asset<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32d y2d5e w9a h86\"><div class=\"t m0 x186 h87 y1be8 ff133 fs3a fc2 sc0 ls21 ws35\">147,<span class=\"_ _2\"></span>855<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32e y2d5e w9b h86\"><div class=\"t m0 x182 h88 y1be8 ff134 fs3a fc2 sc0 ls20 ws36\">138,275<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32f y2d5e w9c h86\"><div class=\"t m0 x186 h87 y1be8 ff133 fs3a fc2 sc0 ls21 ws35\">146,<span class=\"_ _2\"></span>642<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x330 y2d5e w9b h86\"><div class=\"t m0 x182 h88 y1be8 ff134 fs3a fc2 sc0 ls20 ws36\">151,314<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x331 y2d5e w9d h86\"><div class=\"t m0 x1ce h87 y1be8 ff133 fs3a fc2 sc0 ls23 ws39\">81,556<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x332 y2d5e w9a h86\"><div class=\"t m0 x47 h88 y1be8 ff134 fs3a fc2 sc0 ls20 ws36\">80,681<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d5f w99 h8a\"><div class=\"t m0 x0 h87 y1ee3 ff133 fs3a fc2 sc0 ls1f ws33\">Selected I<span class=\"_ _2\"></span>ncome <span class=\"_ _2\"></span>Statement<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls25 ws41\">Information</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2d60 w99 h89\"><div class=\"t m0 x0 h88 y1bf4 ff134 fs3a fc2 sc0 ls24 ws3a\">Operating revenue<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x333 h87 y2d61 ff133 fs3a fc2 sc0 ls23 ws39\">87,321<span class=\"_ _195\"> </span></td><td class=\"t m0 x334 h88 y2d61 ff134 fs3a fc2 sc0 ls20 ws36\">105,068<span class=\"_ _195\"> </span></td><td class=\"t m0 x335 h87 y2d61 ff133 fs3a fc2 sc0 ls23 ws39\">52,419<span class=\"_ _195\"> </span></td><td class=\"t m0 x336 h88 y2d61 ff134 fs3a fc2 sc0 ls20 ws36\">63,455<span class=\"_ _195\"> </span></td><td class=\"c x331 y2d60 w9d h89\"><div class=\"t m0 x1ce h87 y1bf4 ff133 fs3a fc2 sc0 ls23 ws39\">36,978<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x332 y2d60 w9a h89\"><div class=\"t m0 x47 h88 y1bf4 ff134 fs3a fc2 sc0 ls20 ws36\">34,896<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d62 w99 h86\"><div class=\"t m0 x0 h88 y1bef ff134 fs3a fc2 sc0 ls22 ws37\">Depreciati<span class=\"_ _1\"></span>on and amortis<span class=\"_ _1\"></span>ation<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32d y2d62 w9a h86\"><div class=\"t m0 x1ce h87 y1bef ff133 fs3a fc2 sc0 ls23 ws39\">16,194<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32e y2d62 w9b h86\"><div class=\"t m0 x47 h88 y1bef ff134 fs3a fc2 sc0 ls20 ws36\">15,052<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32f y2d62 w9c h86\"><div class=\"t m0 x1ce h87 y1bef ff133 fs3a fc2 sc0 ls23 ws39\">12,127<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x330 y2d62 w9b h86\"><div class=\"t m0 x47 h88 y1bef ff134 fs3a fc2 sc0 ls20 ws36\">12,006<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x331 y2d62 w9d h86\"><div class=\"t m0 x1a0 h87 y1bef ff133 fs3a fc2 sc0 ls21 ws35\">7,48<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x332 y2d62 w9a h86\"><div class=\"t m0 x171 h88 y1bef ff134 fs3a fc2 sc0 ls20 ws36\">6,025<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d63 w99 h8c\"><div class=\"t m0 x0 h88 y1bf1 ff134 fs3a fc2 sc0 ls24 ws3a\">Finance income<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32d y2d63 w9a h8c\"><div class=\"t m0 x99 h87 y1bf1 ff136 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff133\"> </span></div></td><td class=\"c x32e y2d63 w9b h8c\"><div class=\"t m0 x99 h88 y1bf1 ff135 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff134\"> </span></div></td><td class=\"c x32f y2d63 w9c h8c\"><div class=\"t m0 x1 h87 y1bf1 ff133 fs3a fc2 sc0 ls21 ws35\">790<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x330 y2d63 w9b h8c\"><div class=\"t m0 xaf h88 y1bf1 ff134 fs3a fc2 sc0 ls20 ws36\">486<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x331 y2d63 w9d h8c\"><div class=\"t m0 x99 h87 y1bf1 ff136 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff133\"> </span></div></td><td class=\"c x332 y2d63 w9a h8c\"><div class=\"t m0 x99 h88 y1bf1 ff135 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff134\"> </span></div></td></tr><tr><td class=\"c x24b y2d64 w99 h89\"><div class=\"t m0 x0 h88 y2299 ff134 fs3a fc2 sc0 ls24 ws3a\">Finance expense<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x337 h87 y2d65 ff133 fs3a fc2 sc0 ls21 ws35\">6,07<span class=\"_ _2\"></span>5<span class=\"_ _195\"> </span></td><td class=\"t m0 x338 h88 y2d65 ff134 fs3a fc2 sc0 ls20 ws36\">8,641<span class=\"_ _195\"> </span></td><td class=\"t m0 x339 h87 y2d65 ff133 fs3a fc2 sc0 ls21 ws35\">1,63<span class=\"_ _2\"></span>0<span class=\"_ _195\"> </span></td><td class=\"t m0 x33a h88 y2d65 ff134 fs3a fc2 sc0 ls20 ws36\">2,019<span class=\"_ _195\"> </span></td><td class=\"c x331 y2d64 w9d h89\"><div class=\"t m0 x99 h87 y2299 ff136 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff133\"> </span></div></td><td class=\"c x332 y2d64 w9a h89\"><div class=\"t m0 x99 h88 y2299 ff135 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff134\"> </span></div></td></tr><tr><td class=\"c x24b y2d66 w99 h86\"><div class=\"t m0 x0 h88 y1c50 ff134 fs3a fc2 sc0 ls22 ws3e\">Profit <span class=\"_ _3\"></span><span class=\"ls25 ws41\">(<span class=\"_ _2\"></span>loss) <span class=\"ls22 ws37\">b<span class=\"_ _1\"></span>efore taxes</span></span><span class=\"ls25 ws41\"><span class=\"ls22 ws37\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x32d y2d66 w9a h86\"><div class=\"t m0 x1ce h87 y1c50 ff133 fs3a fc2 sc0 ls23 ws39\">22,303<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32e y2d66 w9b h86\"><div class=\"t m0 x47 h88 y1c50 ff134 fs3a fc2 sc0 ls20 ws36\">35,184<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32f y2d66 w9c h86\"><div class=\"t m0 x1a0 h87 y1c50 ff133 fs3a fc2 sc0 ls21 ws35\">7,58<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x330 y2d66 w9b h86\"><div class=\"t m0 x47 h88 y1c50 ff134 fs3a fc2 sc0 ls20 ws36\">18,655<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x331 y2d66 w9e h86\"><div class=\"t m0 x1ce h87 y1c50 ff133 fs3a fc2 sc0 ls21 ws35\">(1,18<span class=\"_ _2\"></span>8)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x332 y2d66 w9a h86\"><div class=\"t m0 x171 h88 y1c50 ff134 fs3a fc2 sc0 ls20 ws36\">1,801<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d67 w99 h8c\"><div class=\"t m0 x0 h88 y1bf6 ff134 fs3a fc2 sc0 ls24 ws3a\">Income tax expense<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32d y2d67 w9a h8c\"><div class=\"t m0 x99 h87 y1bf6 ff136 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff133\"> </span></div></td><td class=\"c x32e y2d67 w9b h8c\"><div class=\"t m0 x99 h88 y1bf6 ff135 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff134\"> </span></div></td><td class=\"c x32f y2d67 w9c h8c\"><div class=\"t m0 x99 h87 y1bf6 ff136 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff133\"> </span></div></td><td class=\"c x330 y2d67 w9b h8c\"><div class=\"t m0 x99 h88 y1bf6 ff135 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff134\"> </span></div></td><td class=\"c x331 y2d67 w9d h8c\"><div class=\"t m0 x1 h87 y1bf6 ff133 fs3a fc2 sc0 ls21 ws35\">167<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x332 y2d67 w9a h8c\"><div class=\"t m0 xaf h88 y1bf6 ff134 fs3a fc2 sc0 ls20 ws36\">329<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d68 w99 h8a\"><div class=\"t m0 x0 h88 y1c4d ff134 fs3a fc2 sc0 ls22 ws37\">Net profit <span class=\"ls25 ws41\">(<span class=\"_ _1\"></span>loss)</span><span class=\"ls25 ws41\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x32d y2d68 w9a h8a\"><div class=\"t m0 x1ce h87 y1c4d ff133 fs3a fc2 sc0 ls23 ws39\">22,303<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32e y2d68 w9b h8a\"><div class=\"t m0 x47 h88 y1c4d ff134 fs3a fc2 sc0 ls20 ws36\">35,184<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32f y2d68 w9c h8a\"><div class=\"t m0 x1a0 h87 y1c4d ff133 fs3a fc2 sc0 ls21 ws35\">7,58<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x330 y2d68 w9b h8a\"><div class=\"t m0 x47 h88 y1c4d ff134 fs3a fc2 sc0 ls20 ws36\">18,655<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x331 y2d68 w9e h8a\"><div class=\"t m0 x1ce h87 y1c4d ff133 fs3a fc2 sc0 ls21 ws35\">(1,02<span class=\"_ _2\"></span>1)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x332 y2d68 w9a h8a\"><div class=\"t m0 x171 h88 y1c4d ff134 fs3a fc2 sc0 ls20 ws36\">2,130<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d69 w99 h86\"><div class=\"t m0 x0 h88 y1bfa ff134 fs3a fc2 sc0 ls26 ws3d\">Other comprehen<span class=\"_ _1\"></span>sive <span class=\"ls25 ws41\">(loss) <span class=\"ls2a ws45\">income</span></span><span class=\"ls25 ws41\"><span class=\"ls2a ws45\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x32d y2d69 w9f h86\"><div class=\"t m0 x1be h87 y1bfa ff133 fs3a fc2 sc0 ls21 ws35\">(965)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32e y2d69 w9e h86\"><div class=\"t m0 x19f h88 y1bfa ff134 fs3a fc2 sc0 ls20 ws36\">(847)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32f y2d69 wa0 h86\"><div class=\"t m0 x1ce h87 y1bfa ff133 fs3a fc2 sc0 ls21 ws35\">(3,75<span class=\"_ _2\"></span>3)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x330 y2d69 w9e h86\"><div class=\"t m0 x19f h88 y1bfa ff134 fs3a fc2 sc0 ls20 ws36\">(493)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x331 y2d69 w9d h86\"><div class=\"t m0 x1a0 h87 y1bfa ff133 fs3a fc2 sc0 ls21 ws35\">1,89<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\">  </span></div></td><td class=\"c x332 y2d69 wa1 h86\"><div class=\"t m0 x19f h88 y1bfa ff134 fs3a fc2 sc0 ls20 ws36\">(444)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d6a w99 h86\"><div class=\"t m0 x0 h88 y1c05 ff134 fs3a fc2 sc0 ls29 ws42\">Total compre<span class=\"_ _2\"></span>hensive inco<span class=\"_ _2\"></span>me<span class=\"ls1 ws0\"> </span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32d y2d6a w9a h86\"><div class=\"t m0 x1ce h87 y1c05 ff133 fs3a fc2 sc0 ls23 ws39\">21,338<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32e y2d6a w9b h86\"><div class=\"t m0 x47 h88 y1c05 ff134 fs3a fc2 sc0 ls20 ws36\">34,337<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32f y2d6a w9c h86\"><div class=\"t m0 x1a0 h87 y1c05 ff133 fs3a fc2 sc0 ls21 ws35\">3,82<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x330 y2d6a w9b h86\"><div class=\"t m0 x47 h88 y1c05 ff134 fs3a fc2 sc0 ls20 ws36\">18,162<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x331 y2d6a w9d h86\"><div class=\"t m0 x1 h87 y1c05 ff133 fs3a fc2 sc0 ls21 ws35\">876<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x332 y2d6a w9a h86\"><div class=\"t m0 x171 h88 y1c05 ff134 fs3a fc2 sc0 ls20 ws36\">1,686<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d6b w99 h8c\"><div class=\"t m0 x0 h88 y1c03 ff134 fs3a fc2 sc0 ls24 ws3a\">Dividends received by Group<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32d y2d6b w9a h8c\"><div class=\"t m0 x1a0 h87 y1c03 ff133 fs3a fc2 sc0 ls21 ws35\">5,50<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32e y2d6b w9b h8c\"><div class=\"t m0 x171 h88 y1c03 ff134 fs3a fc2 sc0 ls20 ws36\">3,000<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32f y2d6b w9c h8c\"><div class=\"t m0 x1a0 h87 y1c03 ff133 fs3a fc2 sc0 ls21 ws35\">4,25<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x330 y2d6b w9b h8c\"><div class=\"t m0 x99 h88 y1c03 ff135 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff134\"> </span></div></td><td class=\"c x331 y2d6b w9d h8c\"><div class=\"t m0 x99 h87 y1c03 ff136 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff133\"> </span></div></td><td class=\"c x332 y2d6b w9a h8c\"><div class=\"t m0 x99 h88 y1c03 ff135 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff134\"> </span></div></td></tr></table></div>The<span class=\"ls1 ws0\"> </span><span class=\"ws50\">above <span class=\"_ _2\"></span>joint<span class=\"_ _2\"></span> ve<span class=\"_ _2\"></span>nture<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> pri<span class=\"_ _2\"></span>vate<span class=\"_ _2\"></span> compa<span class=\"_ _2\"></span>nies<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>there<span class=\"_ _2\"></span> are <span class=\"_ _2\"></span>no <span class=\"_ _2\"></span>quote<span class=\"_ _2\"></span>d ma<span class=\"_ _2\"></span>rket p<span class=\"_ _2\"></span>rice<span class=\"_ _2\"></span>s avai<span class=\"_ _2\"></span>labl<span class=\"_ _2\"></span>e f<span class=\"_ _2\"></span>or<span class=\"ls1 ws0\"> </span></span>their<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">s<span class=\"_ _2\"></span>hares.<span class=\"_ _2\"></span> </span></span><table class=\"s w17b h142\" id=\"_a0ebb88c-772a-4025-91cf-7257086af8c1\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x2b1 h82 y2d6c ff13a fs3b fc2 sc0 ls1 ws32\">Tianjin Lingang Stolthaven <span class=\"ws0\"> </span></td><td></td><td class=\"t m0 x33b h82 y2d6c ff13a fs3b fc2 sc0 ls1 ws32\">Tianjin Lingang Stolthaven <span class=\"ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"c x33c y2d6d w65 hd7\"><div class=\"t m0 x17a h82 y1f57 ff13a fs3b fc2 sc0 ls2d ws4a\">Advario<span class=\"ls1 ws0\"> <span class=\"ws32\">Stolthaven Antw<span class=\"_ _2\"></span>erp, NV</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x33d y2d6d w7e hd7\"><div class=\"t m0 x191 h82 y1f57 ff13a fs3b fc2 sc0 ls1 ws0\">Jeong-<span class=\"ws32\">IL Stolthaven Ulsan Co. Ltd</span> </div></td><td></td><td class=\"c x33e y2d6d wa4 hd7\"><div class=\"t m0 x19f h82 y1f57 ff13a fs3b fc2 sc0 ls2d wsa4\">Terminal C<span class=\"_ _2\"></span>o.<span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x2f9 y2d6d w7e hd7\"><div class=\"t m0 x1a0 h82 y1f57 ff13a fs3b fc2 sc0 ls1 ws32\">Jetty Company<span class=\"ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2d6e w14a h102\"><div class=\"t m0 x245 h82 y29a6 ff13a fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2a3 h82 y29a7 ff13a fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x33c y2d6f w48 hb9\"><div class=\"t m0 x177 h85 y1c8e ff139 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d6f w48 hb9\"><div class=\"t m0 x1a0 h82 y1c8e ff13a fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d6f w34 hb9\"><div class=\"t m0 x177 h85 y1c8e ff139 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d6f w20 hb9\"><div class=\"t m0 x1a0 h82 y1c8e ff13a fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td><td class=\"t m0 x30a h85 y2d70 ff139 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"c x341 y2d6f w48 hb9\"><div class=\"t m0 x1a0 h82 y1c8e ff13a fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td><td class=\"t m0 x2db h85 y2d70 ff139 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"c x2fa y2d6f w2a hb9\"><div class=\"t m0 x1a0 h82 y1c8e ff13a fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d71 wa2 h8c\"><div class=\"t m0 x0 h87 y1bf1 ff139 fs3a fc2 sc0 ls1f ws33\">Selected Ba<span class=\"_ _2\"></span>lance <span class=\"_ _2\"></span>Sheet In<span class=\"_ _2\"></span>formatio<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2d72 wa2 h86\"><div class=\"t m0 x0 h88 y1bef ff13a fs3a fc2 sc0 ls24 ws3a\">Cash and cash equivalents<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33c y2d72 w48 h86\"><div class=\"t m0 x185 h87 y1bef ff139 fs3a fc2 sc0 ls21 ws35\">4,28<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d72 w48 h86\"><div class=\"t m0 x184 h88 y1bef ff13a fs3a fc2 sc0 ls20 ws36\">2,800<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d72 w34 h86\"><div class=\"t m0 x193 h87 y1bef ff139 fs3a fc2 sc0 ls27 ws3f\">13<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d72 w20 h86\"><div class=\"t m0 x1 h88 y1bef ff13a fs3a fc2 sc0 ls20 ws36\">12<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2d72 w55 h86\"><div class=\"t m0 x185 h87 y1bef ff139 fs3a fc2 sc0 ls21 ws35\">4,35<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x341 y2d72 w48 h86\"><div class=\"t m0 x184 h88 y1bef ff13a fs3a fc2 sc0 ls20 ws36\">3,084<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d72 w20 h86\"><div class=\"t m0 x185 h87 y1bef ff139 fs3a fc2 sc0 ls21 ws35\">8,37<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d72 w2a h86\"><div class=\"t m0 x184 h88 y1bef ff13a fs3a fc2 sc0 ls20 ws36\">4,735<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d73 wa2 h89\"><div class=\"t m0 x0 h88 y1c50 ff13a fs3a fc2 sc0 ls24 ws3a\">Current assets, ot<span class=\"_ _2\"></span>her than cash<span class=\"_ _195\"> </span></div></td><td class=\"c x33c y2d73 w48 h89\"><div class=\"t m0 x179 h87 y1c50 ff139 fs3a fc2 sc0 ls23 ws39\">26,580<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d73 w48 h89\"><div class=\"t m0 x183 h88 y1c50 ff13a fs3a fc2 sc0 ls20 ws36\">26,300<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d73 w34 h89\"><div class=\"t m0 x179 h87 y1c50 ff139 fs3a fc2 sc0 ls23 ws39\">24,312<span class=\"ls1 ws0\"> </span></div></td><td class=\"t m0 x342 h88 y2d74 ff13a fs3a fc2 sc0 ls20 ws36\">22,698<span class=\"_ _195\"> </span></td><td class=\"t m0 x339 h87 y2d74 ff139 fs3a fc2 sc0 ls21 ws35\">1,13<span class=\"_ _2\"></span>9<span class=\"_ _195\"> </span></td><td class=\"t m0 x278 h88 y2d74 ff13a fs3a fc2 sc0 ls20 ws36\">1,127<span class=\"_ _195\"> </span></td><td class=\"t m0 x343 h87 y2d74 ff139 fs3a fc2 sc0 ls21 ws35\">711<span class=\"_ _195\"> </span></td><td class=\"t m0 x344 h88 y2d74 ff13a fs3a fc2 sc0 ls20 ws36\">3,956<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2d75 wa2 h86\"><div class=\"t m0 x0 h88 y1bfa ff13a fs3a fc2 sc0 ls23 ws4b\">Current ass<span class=\"_ _1\"></span>ets<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33c y2d75 w48 h86\"><div class=\"t m0 x179 h87 y1bfa ff139 fs3a fc2 sc0 ls23 ws39\">30,867<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d75 w48 h86\"><div class=\"t m0 x183 h88 y1bfa ff13a fs3a fc2 sc0 ls20 ws36\">29,100<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d75 w34 h86\"><div class=\"t m0 x179 h87 y1bfa ff139 fs3a fc2 sc0 ls23 ws39\">24,325<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d75 w20 h86\"><div class=\"t m0 x183 h88 y1bfa ff13a fs3a fc2 sc0 ls20 ws36\">22,710<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2d75 w55 h86\"><div class=\"t m0 x185 h87 y1bfa ff139 fs3a fc2 sc0 ls21 ws35\">5,49<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x341 y2d75 w48 h86\"><div class=\"t m0 x184 h88 y1bfa ff13a fs3a fc2 sc0 ls20 ws36\">4,211<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d75 w20 h86\"><div class=\"t m0 x185 h87 y1bfa ff139 fs3a fc2 sc0 ls21 ws35\">9,08<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d75 w2a h86\"><div class=\"t m0 x184 h88 y1bfa ff13a fs3a fc2 sc0 ls20 ws36\">8,691<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d76 wa2 h8a\"><div class=\"t m0 x0 h88 y1c4d ff13a fs3a fc2 sc0 ls22 ws3e\">Non<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls23 ws4b\">current asse<span class=\"_ _1\"></span>ts</span></span><span class=\"ls1 ws0\"><span class=\"ls23 ws4b\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x33c y2d76 w48 h8a\"><div class=\"t m0 x180 h87 y1c4d ff139 fs3a fc2 sc0 ls21 ws35\">347,<span class=\"_ _2\"></span>60<span class=\"ls1 ws0\">8</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d76 w48 h8a\"><div class=\"t m0 x181 h88 y1c4d ff13a fs3a fc2 sc0 ls20 ws36\">316,542<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d76 w34 h8a\"><div class=\"t m0 x180 h87 y1c4d ff139 fs3a fc2 sc0 ls21 ws35\">323,<span class=\"_ _2\"></span>281<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d76 w20 h8a\"><div class=\"t m0 x181 h88 y1c4d ff13a fs3a fc2 sc0 ls20 ws36\">337,249<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2d76 w55 h8a\"><div class=\"t m0 x179 h87 y1c4d ff139 fs3a fc2 sc0 ls23 ws39\">31,817<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x341 y2d76 w48 h8a\"><div class=\"t m0 x183 h88 y1c4d ff13a fs3a fc2 sc0 ls20 ws36\">32,550<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d76 w20 h8a\"><div class=\"t m0 x179 h87 y1c4d ff139 fs3a fc2 sc0 ls23 ws39\">20,755<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d76 w2a h8a\"><div class=\"t m0 x183 h88 y1c4d ff13a fs3a fc2 sc0 ls20 ws36\">21,239<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d77 wa2 h86\"><div class=\"t m0 x0 h88 y1bde ff13a fs3a fc2 sc0 ls29 ws44\">Total <span class=\"ls1 ws0\">a<span class=\"_ _1\"></span><span class=\"ls25 ws41\">ssets</span></span><span class=\"ls1 ws0\"><span class=\"ls25 ws41\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x33c y2d77 w48 h86\"><div class=\"t m0 x180 h87 y1bde ff139 fs3a fc2 sc0 ls21 ws35\">378,<span class=\"_ _2\"></span>475<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d77 w48 h86\"><div class=\"t m0 x181 h88 y1bde ff13a fs3a fc2 sc0 ls20 ws36\">345,642<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d77 w34 h86\"><div class=\"t m0 x180 h87 y1bde ff139 fs3a fc2 sc0 ls21 ws35\">347,<span class=\"_ _2\"></span>606<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d77 w20 h86\"><div class=\"t m0 x181 h88 y1bde ff13a fs3a fc2 sc0 ls20 ws36\">359,959<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2d77 w55 h86\"><div class=\"t m0 x179 h87 y1bde ff139 fs3a fc2 sc0 ls23 ws39\">37,308<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x341 y2d77 w48 h86\"><div class=\"t m0 x183 h88 y1bde ff13a fs3a fc2 sc0 ls20 ws36\">36,761<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d77 w20 h86\"><div class=\"t m0 x179 h87 y1bde ff139 fs3a fc2 sc0 ls23 ws39\">29,843<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d77 w2a h86\"><div class=\"t m0 x183 h88 y1bde ff13a fs3a fc2 sc0 ls20 ws36\">29,930<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d78 wa2 h8b\"><div class=\"t m0 x0 h88 y1c05 ff13a fs3a fc2 sc0 ls29 ws42\">Financial lia<span class=\"_ _2\"></span>bilities,<span class=\"_ _2\"></span> other t<span class=\"_ _2\"></span>han accou<span class=\"_ _2\"></span>nts payable<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33c y2d78 w48 h8b\"><div class=\"t m0 x179 h87 y1c05 ff139 fs3a fc2 sc0 ls23 ws39\">30,988<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d78 w48 h8b\"><div class=\"t m0 x183 h88 y1c05 ff13a fs3a fc2 sc0 ls20 ws36\">22,306<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d78 w34 h8b\"><div class=\"t m0 x179 h87 y1c05 ff139 fs3a fc2 sc0 ls23 ws39\">52,880<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d78 w20 h8b\"><div class=\"t m0 x183 h88 y1c05 ff13a fs3a fc2 sc0 ls20 ws36\">62,654<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2d78 w55 h8b\"><div class=\"t m0 xb6 h87 y1c05 ff13b fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff139\"> </span></div></td><td class=\"c x341 y2d78 w48 h8b\"><div class=\"t m0 x184 h88 y1c05 ff13a fs3a fc2 sc0 ls20 ws36\">1,381<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d78 w20 h8b\"><div class=\"t m0 xb6 h87 y1c05 ff13b fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff139\"> </span></div></td><td class=\"c x2fa y2d78 w2a h8b\"><div class=\"t m0 x2d h88 y1c05 ff13c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff13a\"> </span></div></td></tr><tr><td class=\"c x24b y2d79 wa2 h8a\"><div class=\"t m0 x0 h88 y1c03 ff13a fs3a fc2 sc0 ls29 ws42\">Other cur<span class=\"_ _2\"></span>rent liabilit<span class=\"_ _2\"></span>ies<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33c y2d79 w48 h8a\"><div class=\"t m0 x179 h87 y1c03 ff139 fs3a fc2 sc0 ls23 ws39\">17,082<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d79 w48 h8a\"><div class=\"t m0 x183 h88 y1c03 ff13a fs3a fc2 sc0 ls20 ws36\">18,581<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d79 w34 h8a\"><div class=\"t m0 x179 h87 y1c03 ff139 fs3a fc2 sc0 ls23 ws39\">14,207<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d79 w20 h8a\"><div class=\"t m0 x183 h88 y1c03 ff13a fs3a fc2 sc0 ls20 ws36\">10,103<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2d79 w55 h8a\"><div class=\"t m0 x185 h87 y1c03 ff139 fs3a fc2 sc0 ls21 ws35\">1,55<span class=\"_ _2\"></span>9<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x341 y2d79 w48 h8a\"><div class=\"t m0 x184 h88 y1c03 ff13a fs3a fc2 sc0 ls20 ws36\">2,117<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d79 w20 h8a\"><div class=\"t m0 x185 h87 y1c03 ff139 fs3a fc2 sc0 ls21 ws35\">1,13<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d79 w2a h8a\"><div class=\"t m0 x184 h88 y1c03 ff13a fs3a fc2 sc0 ls20 ws36\">2,202<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d7a wa2 h86\"><div class=\"t m0 x0 h88 y2112 ff13a fs3a fc2 sc0 ls29 ws42\">Curren<span class=\"_ _2\"></span>t liabilities<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33c y2d7a w48 h86\"><div class=\"t m0 x179 h87 y2112 ff139 fs3a fc2 sc0 ls23 ws39\">48,070<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d7a w48 h86\"><div class=\"t m0 x183 h88 y2112 ff13a fs3a fc2 sc0 ls20 ws36\">40,887<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d7a w34 h86\"><div class=\"t m0 x179 h87 y2112 ff139 fs3a fc2 sc0 ls23 ws39\">67,087<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d7a w20 h86\"><div class=\"t m0 x183 h88 y2112 ff13a fs3a fc2 sc0 ls20 ws36\">72,757<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2d7a w55 h86\"><div class=\"t m0 x185 h87 y2112 ff139 fs3a fc2 sc0 ls21 ws35\">1,55<span class=\"_ _2\"></span>9<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x341 y2d7a w48 h86\"><div class=\"t m0 x184 h88 y2112 ff13a fs3a fc2 sc0 ls20 ws36\">3,498<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d7a w20 h86\"><div class=\"t m0 x185 h87 y2112 ff139 fs3a fc2 sc0 ls21 ws35\">1,13<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d7a w2a h86\"><div class=\"t m0 x184 h88 y2112 ff13a fs3a fc2 sc0 ls20 ws36\">2,202<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d7b wa2 h86\"><div class=\"t m0 x0 h88 y1be2 ff13a fs3a fc2 sc0 ls22 ws3e\">Non<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls22 ws37\">current f<span class=\"ls29 wsc1\">inancial liabilitie<span class=\"_ _2\"></span>s</span></span></span><span class=\"ls1 ws0\"><span class=\"ls22 ws37\"><span class=\"ls29 wsc1\"><span class=\"ls1 ws0\"> </span></span></span></span></div></td><td class=\"c x33c y2d7b w48 h86\"><div class=\"t m0 x179 h87 y1be2 ff139 fs3a fc2 sc0 ls23 ws39\">72,103<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d7b w48 h86\"><div class=\"t m0 x183 h88 y1be2 ff13a fs3a fc2 sc0 ls20 ws36\">69,177<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d7b w34 h86\"><div class=\"t m0 x179 h87 y1be2 ff139 fs3a fc2 sc0 ls23 ws39\">54,856<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d7b w20 h86\"><div class=\"t m0 x183 h88 y1be2 ff13a fs3a fc2 sc0 ls20 ws36\">57,743<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2d7b w55 h86\"><div class=\"t m0 x1a0 h87 y1be2 ff139 fs3a fc2 sc0 ls21 ws35\">100<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x341 y2d7b w48 h86\"><div class=\"t m0 x171 h88 y1be2 ff13a fs3a fc2 sc0 ls20 ws36\">128<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d7b w20 h86\"><div class=\"t m0 xb6 h87 y1be2 ff13b fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff139\"> </span></div></td><td class=\"c x2fa y2d7b w2a h86\"><div class=\"t m0 x2d h88 y1be2 ff13c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff13a\"> </span></div></td></tr><tr><td class=\"c x24b y2d7c wa2 h8a\"><div class=\"t m0 x0 h88 y1c79 ff13a fs3a fc2 sc0 ls2a ws5a\">Othe<span class=\"_ _2\"></span>r n<span class=\"ls22 ws3e\">on<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">current liabilitie<span class=\"_ _2\"></span>s</span></span></span><span class=\"ls22 ws3e\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x33c y2d7c w48 h8a\"><div class=\"t m0 x179 h87 y1c79 ff139 fs3a fc2 sc0 ls23 ws39\">45,026<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d7c w48 h8a\"><div class=\"t m0 x183 h88 y1c79 ff13a fs3a fc2 sc0 ls20 ws36\">42,780<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d7c w34 h8a\"><div class=\"t m0 x1a0 h87 y1c79 ff139 fs3a fc2 sc0 ls21 ws35\">808<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d7c w20 h8a\"><div class=\"t m0 x171 h88 y1c79 ff13a fs3a fc2 sc0 ls20 ws36\">787<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2d7c w55 h8a\"><div class=\"t m0 xb6 h87 y1c79 ff13b fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff139\"> </span></div></td><td class=\"c x341 y2d7c w48 h8a\"><div class=\"t m0 x2d h88 y1c79 ff13c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff13a\"> </span></div></td><td class=\"c x2f9 y2d7c w20 h8a\"><div class=\"t m0 xb6 h87 y1c79 ff13b fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff139\"> </span></div></td><td class=\"c x2fa y2d7c w2a h8a\"><div class=\"t m0 x2d h88 y1c79 ff13c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff13a\"> </span></div></td></tr><tr><td class=\"c x24b y2d7d wa2 h86\"><div class=\"t m0 x0 h88 y1be2 ff13a fs3a fc2 sc0 ls29 ws42\">Total non<span class=\"ls1 ws0\">-</span>curren<span class=\"_ _2\"></span>t liabilities<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33c y2d7d w48 h86\"><div class=\"t m0 x180 h87 y1be2 ff139 fs3a fc2 sc0 ls21 ws35\">117,<span class=\"_ _2\"></span>129<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d7d w48 h86\"><div class=\"t m0 x181 h88 y1be2 ff13a fs3a fc2 sc0 ls20 ws36\">111,957<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d7d w34 h86\"><div class=\"t m0 x179 h87 y1be2 ff139 fs3a fc2 sc0 ls23 ws39\">55,664<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d7d w20 h86\"><div class=\"t m0 x183 h88 y1be2 ff13a fs3a fc2 sc0 ls20 ws36\">58,530<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2d7d w55 h86\"><div class=\"t m0 x1a0 h87 y1be2 ff139 fs3a fc2 sc0 ls21 ws35\">100<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x341 y2d7d w48 h86\"><div class=\"t m0 x171 h88 y1be2 ff13a fs3a fc2 sc0 ls20 ws36\">128<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d7d w20 h86\"><div class=\"t m0 xb6 h87 y1be2 ff13b fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff139\"> </span></div></td><td class=\"c x2fa y2d7d w2a h86\"><div class=\"t m0 x2d h88 y1be2 ff13c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff13a\"> </span></div></td></tr><tr><td class=\"c x24b y2d7e wa2 h86\"><div class=\"t m0 x0 h87 y1be4 ff139 fs3a fc2 sc0 ls1f ws33\">Net Asset<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33c y2d7e w48 h86\"><div class=\"t m0 x180 h87 y1be4 ff139 fs3a fc2 sc0 ls21 ws35\">213,<span class=\"_ _2\"></span>276<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d7e w48 h86\"><div class=\"t m0 x181 h88 y1be4 ff13a fs3a fc2 sc0 ls20 ws36\">192,798<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d7e w34 h86\"><div class=\"t m0 x180 h87 y1be4 ff139 fs3a fc2 sc0 ls21 ws35\">224,<span class=\"_ _2\"></span>855<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d7e w20 h86\"><div class=\"t m0 x181 h88 y1be4 ff13a fs3a fc2 sc0 ls20 ws36\">228,672<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2d7e w55 h86\"><div class=\"t m0 x179 h87 y1be4 ff139 fs3a fc2 sc0 ls23 ws39\">35,649<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x341 y2d7e w48 h86\"><div class=\"t m0 x183 h88 y1be4 ff13a fs3a fc2 sc0 ls20 ws36\">33,135<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d7e w20 h86\"><div class=\"t m0 x179 h87 y1be4 ff139 fs3a fc2 sc0 ls23 ws39\">28,707<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d7e w2a h86\"><div class=\"t m0 x183 h88 y1be4 ff13a fs3a fc2 sc0 ls20 ws36\">27,728<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d7f wa2 h8a\"><div class=\"t m0 x0 h87 y1ee3 ff139 fs3a fc2 sc0 ls1f ws33\">Selected I<span class=\"_ _2\"></span>ncome <span class=\"_ _2\"></span>Statement<span class=\"_ _2\"></span> Inform<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2d80 wa2 h89\"><div class=\"t m0 x0 h88 y1bea ff13a fs3a fc2 sc0 ls24 ws3a\">Operating revenue<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33c y2d80 w48 h89\"><div class=\"t m0 x180 h87 y1bea ff139 fs3a fc2 sc0 ls21 ws35\">118,<span class=\"_ _2\"></span>714<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d80 w48 h89\"><div class=\"t m0 x181 h88 y1bea ff13a fs3a fc2 sc0 ls20 ws36\">110,719<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d80 w34 h89\"><div class=\"t m0 x179 h87 y1bea ff139 fs3a fc2 sc0 ls23 ws39\">96,940<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d80 w20 h89\"><div class=\"t m0 x183 h88 y1bea ff13a fs3a fc2 sc0 ls20 ws36\">95,086<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2d80 w55 h89\"><div class=\"t m0 x179 h87 y1bea ff139 fs3a fc2 sc0 ls23 ws39\">10,532<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x341 y2d80 w48 h89\"><div class=\"t m0 x183 h88 y1bea ff13a fs3a fc2 sc0 ls20 ws36\">12,109<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d80 w20 h89\"><div class=\"t m0 x185 h87 y1bea ff139 fs3a fc2 sc0 ls21 ws35\">7,52<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d80 w2a h89\"><div class=\"t m0 x184 h88 y1bea ff13a fs3a fc2 sc0 ls20 ws36\">7,235<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d81 wa2 h86\"><div class=\"t m0 x0 h88 y1be8 ff13a fs3a fc2 sc0 ls22 ws37\">Depreciati<span class=\"_ _1\"></span>on and amortis<span class=\"_ _1\"></span>ation<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33c y2d81 w48 h86\"><div class=\"t m0 x179 h87 y1be8 ff139 fs3a fc2 sc0 ls23 ws39\">34,505<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d81 w48 h86\"><div class=\"t m0 x183 h88 y1be8 ff13a fs3a fc2 sc0 ls20 ws36\">32,611<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d81 w34 h86\"><div class=\"t m0 x179 h87 y1be8 ff139 fs3a fc2 sc0 ls23 ws39\">11,597<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d81 w20 h86\"><div class=\"t m0 x183 h88 y1be8 ff13a fs3a fc2 sc0 ls20 ws36\">12,298<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2d81 w55 h86\"><div class=\"t m0 x185 h87 y1be8 ff139 fs3a fc2 sc0 ls21 ws35\">2,08<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x341 y2d81 w48 h86\"><div class=\"t m0 x184 h88 y1be8 ff13a fs3a fc2 sc0 ls20 ws36\">2,363<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d81 w20 h86\"><div class=\"t m0 x185 h87 y1be8 ff139 fs3a fc2 sc0 ls21 ws35\">1,30<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d81 w2a h86\"><div class=\"t m0 x184 h88 y1be8 ff13a fs3a fc2 sc0 ls20 ws36\">1,269<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d82 wa2 h94\"><div class=\"t m0 x0 h88 y22b8 ff13a fs3a fc2 sc0 ls24 ws3a\">Finance income<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33c y2d82 w48 h94\"><div class=\"t m0 xb6 h87 y22b8 ff13b fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff139\"> </span></div></td><td class=\"c x33f y2d82 w48 h94\"><div class=\"t m0 x2d h88 y22b8 ff13c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff13a\"> </span></div></td><td class=\"c x33d y2d82 w34 h94\"><div class=\"t m0 xb6 h87 y22b8 ff13b fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff139\"> </span></div></td><td class=\"c x340 y2d82 w20 h94\"><div class=\"t m0 x2d h88 y22b8 ff13c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff13a\"> </span></div></td><td class=\"c x33e y2d82 w55 h94\"><div class=\"t m0 xb6 h87 y22b8 ff13b fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff139\"> </span></div></td><td class=\"c x341 y2d82 w48 h94\"><div class=\"t m0 x2d h88 y22b8 ff13c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff13a\"> </span></div></td><td class=\"c x2f9 y2d82 w20 h94\"><div class=\"t m0 x193 h87 y22b8 ff139 fs3a fc2 sc0 ls27 ws3f\">45<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d82 w2a h94\"><div class=\"t m0 x1 h88 y22b8 ff13a fs3a fc2 sc0 ls20 ws36\">17<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d83 wa2 h86\"><div class=\"t m0 x0 h88 y1bef ff13a fs3a fc2 sc0 ls24 ws3a\">Finance expense<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33c y2d83 w48 h86\"><div class=\"t m0 x185 h87 y1bef ff139 fs3a fc2 sc0 ls21 ws35\">3,45<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d83 w48 h86\"><div class=\"t m0 x184 h88 y1bef ff13a fs3a fc2 sc0 ls20 ws36\">2,972<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d83 w34 h86\"><div class=\"t m0 x185 h87 y1bef ff139 fs3a fc2 sc0 ls21 ws35\">2,62<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d83 w20 h86\"><div class=\"t m0 x184 h88 y1bef ff13a fs3a fc2 sc0 ls20 ws36\">4,019<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2d83 w55 h86\"><div class=\"t m0 x193 h87 y1bef ff139 fs3a fc2 sc0 ls27 ws3f\">11<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x341 y2d83 w48 h86\"><div class=\"t m0 x171 h88 y1bef ff13a fs3a fc2 sc0 ls20 ws36\">122<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d83 w20 h86\"><div class=\"t m0 xb6 h87 y1bef ff13b fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff139\"> </span></div></td><td class=\"c x2fa y2d83 w2a h86\"><div class=\"t m0 x171 h88 y1bef ff13a fs3a fc2 sc0 ls20 ws36\">173<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d84 wa2 h86\"><div class=\"t m0 x0 h88 y1bf4 ff13a fs3a fc2 sc0 ls22 ws37\">Profit b<span class=\"_ _1\"></span>efore taxes<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33c y2d84 w48 h86\"><div class=\"t m0 x179 h87 y1bf4 ff139 fs3a fc2 sc0 ls23 ws39\">21,218<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d84 w48 h86\"><div class=\"t m0 x183 h88 y1bf4 ff13a fs3a fc2 sc0 ls20 ws36\">20,593<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d84 w34 h86\"><div class=\"t m0 x179 h87 y1bf4 ff139 fs3a fc2 sc0 ls23 ws39\">41,719<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d84 w20 h86\"><div class=\"t m0 x183 h88 y1bf4 ff13a fs3a fc2 sc0 ls20 ws36\">37,508<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2d84 w55 h86\"><div class=\"t m0 x185 h87 y1bf4 ff139 fs3a fc2 sc0 ls21 ws35\">2,26<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x341 y2d84 w48 h86\"><div class=\"t m0 x184 h88 y1bf4 ff13a fs3a fc2 sc0 ls20 ws36\">3,683<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d84 w20 h86\"><div class=\"t m0 x185 h87 y1bf4 ff139 fs3a fc2 sc0 ls21 ws35\">2,83<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d84 w2a h86\"><div class=\"t m0 x184 h88 y1bf4 ff13a fs3a fc2 sc0 ls20 ws36\">2,746<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d85 wa2 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff13a fs3a fc2 sc0 ls24 ws3a\">Income tax expense<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33c y2d85 w25 h8a\"><div class=\"t m0 x183 h87 y1bf6 ff139 fs3a fc2 sc0 ls21 ws35\">(5,26<span class=\"_ _2\"></span>4)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d85 w25 h8a\"><div class=\"t m0 x186 h88 y1bf6 ff13a fs3a fc2 sc0 ls20 ws36\">(5,547)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d85 w2c h8a\"><div class=\"t m0 x183 h87 y1bf6 ff139 fs3a fc2 sc0 ls21 ws35\">(9,22<span class=\"_ _2\"></span>3)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d85 w25 h8a\"><div class=\"t m0 x186 h88 y1bf6 ff13a fs3a fc2 sc0 ls20 ws36\">(8,147)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2d85 w7f h8a\"><div class=\"t m0 x47 h87 y1bf6 ff139 fs3a fc2 sc0 ls21 ws35\">(574)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x341 y2d85 w25 h8a\"><div class=\"t m0 x188 h88 y1bf6 ff13a fs3a fc2 sc0 ls20 ws36\">(728)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d85 w24 h8a\"><div class=\"t m0 x47 h87 y1bf6 ff139 fs3a fc2 sc0 ls21 ws35\">(710)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d85 wa6 h8a\"><div class=\"t m0 x188 h88 y1bf6 ff13a fs3a fc2 sc0 ls20 ws36\">(693)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d86 wa2 h86\"><div class=\"t m0 x0 h88 y1bf8 ff13a fs3a fc2 sc0 ls22 ws37\">Net profit <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33c y2d86 w48 h86\"><div class=\"t m0 x179 h87 y1bf8 ff139 fs3a fc2 sc0 ls23 ws39\">15,954<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d86 w48 h86\"><div class=\"t m0 x183 h88 y1bf8 ff13a fs3a fc2 sc0 ls20 ws36\">15,046<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d86 w34 h86\"><div class=\"t m0 x179 h87 y1bf8 ff139 fs3a fc2 sc0 ls23 ws39\">32,496<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d86 w20 h86\"><div class=\"t m0 x183 h88 y1bf8 ff13a fs3a fc2 sc0 ls20 ws36\">29,361<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2d86 w55 h86\"><div class=\"t m0 x185 h87 y1bf8 ff139 fs3a fc2 sc0 ls21 ws35\">1,69<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x341 y2d86 w48 h86\"><div class=\"t m0 x184 h88 y1bf8 ff13a fs3a fc2 sc0 ls20 ws36\">2,955<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d86 w20 h86\"><div class=\"t m0 x185 h87 y1bf8 ff139 fs3a fc2 sc0 ls21 ws35\">2,12<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d86 w2a h86\"><div class=\"t m0 x184 h88 y1bf8 ff13a fs3a fc2 sc0 ls20 ws36\">2,053<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d87 wa2 h86\"><div class=\"t m0 x0 h88 y1bfa ff13a fs3a fc2 sc0 ls24 ws3a\">Other comprehensive income<span class=\"ls1 ws0\"> <span class=\"ls25 ws41\">(loss)</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33c y2d87 w48 h86\"><div class=\"t m0 x179 h87 y1bfa ff139 fs3a fc2 sc0 ls23 ws39\">17,135<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d87 w25 h86\"><div class=\"t m0 x186 h88 y1bfa ff13a fs3a fc2 sc0 ls20 ws36\">(5,531)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d87 w2c h86\"><div class=\"t m0 x181 h87 y1bfa ff139 fs3a fc2 sc0 ls21 ws35\">(11,3<span class=\"_ _2\"></span>90)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d87 w25 h86\"><div class=\"t m0 x187 h88 y1bfa ff13a fs3a fc2 sc0 ls20 ws36\">(16,639)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2d87 w55 h86\"><div class=\"t m0 x1a0 h87 y1bfa ff139 fs3a fc2 sc0 ls21 ws35\">819<span class=\"ls1 ws0\"> </span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x341 y2d87 w25 h86\"><div class=\"t m0 x188 h88 y1bfa ff13a fs3a fc2 sc0 ls20 ws36\">(472)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d87 w20 h86\"><div class=\"t m0 x1a0 h87 y1bfa ff139 fs3a fc2 sc0 ls21 ws35\">573<span class=\"ls1 ws0\"> </span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d87 wa6 h86\"><div class=\"t m0 x188 h88 y1bfa ff13a fs3a fc2 sc0 ls20 ws36\">(428)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d88 wa2 h8a\"><div class=\"t m0 x0 h88 y1bff ff13a fs3a fc2 sc0 ls29 ws42\">Total compre<span class=\"_ _2\"></span>hensive inco<span class=\"_ _2\"></span>me <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33c y2d88 w48 h8a\"><div class=\"t m0 x179 h87 y1bff ff139 fs3a fc2 sc0 ls23 ws39\">33,089<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d88 w48 h8a\"><div class=\"t m0 x184 h88 y1bff ff13a fs3a fc2 sc0 ls20 ws36\">9,515<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d88 w34 h8a\"><div class=\"t m0 x179 h87 y1bff ff139 fs3a fc2 sc0 ls23 ws39\">21,106<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d88 w20 h8a\"><div class=\"t m0 x183 h88 y1bff ff13a fs3a fc2 sc0 ls20 ws36\">12,722<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2d88 w55 h8a\"><div class=\"t m0 x185 h87 y1bff ff139 fs3a fc2 sc0 ls21 ws35\">2,51<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x341 y2d88 w48 h8a\"><div class=\"t m0 x184 h88 y1bff ff13a fs3a fc2 sc0 ls20 ws36\">2,483<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d88 w20 h8a\"><div class=\"t m0 x185 h87 y1bff ff139 fs3a fc2 sc0 ls21 ws35\">2,69<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d88 w2a h8a\"><div class=\"t m0 x184 h88 y1bff ff13a fs3a fc2 sc0 ls20 ws36\">1,625<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d89 wa2 h8a\"><div class=\"t m0 x0 h88 y1c03 ff13a fs3a fc2 sc0 ls26 ws3d\">Divid<span class=\"_ _1\"></span>ends received by <span class=\"ls24 ws3b\">Group</span><span class=\"ls24 ws3b\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x33c y2d89 w48 h8a\"><div class=\"t m0 x185 h87 y1c03 ff139 fs3a fc2 sc0 ls21 ws35\">6,30<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d89 w48 h8a\"><div class=\"t m0 x184 h88 y1c03 ff13a fs3a fc2 sc0 ls20 ws36\">4,912<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d89 w34 h8a\"><div class=\"t m0 x179 h87 y1c03 ff139 fs3a fc2 sc0 ls23 ws39\">12,461<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d89 w20 h8a\"><div class=\"t m0 x183 h88 y1c03 ff13a fs3a fc2 sc0 ls20 ws36\">11,475<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2d89 w55 h8a\"><div class=\"t m0 xb6 h87 y1c03 ff13b fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff139\"> </span></div></td><td class=\"c x341 y2d89 w48 h8a\"><div class=\"t m0 x2d h88 y1c03 ff13c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff13a\"> </span></div></td><td class=\"c x2f9 y2d89 w20 h8a\"><div class=\"t m0 x1a0 h87 y1c03 ff139 fs3a fc2 sc0 ls21 ws35\">686<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d89 w2a h8a\"><div class=\"t m0 x171 h88 y1c03 ff13a fs3a fc2 sc0 ls20 ws36\">829<span class=\"ls1 ws0\"> </span></div></td></tr></table>Stolt-Nielsen Limited | Annual Report 2025<span class=\"_ _195\"> </span><div class=\"t m0 h7e ff140 fs39 fc9 sc0 ls4c wsaa gs382\">Description <span class=\"_ _2\"></span>of the nature of <span class=\"_ _2\"></span>activities <span class=\"_ _2\"></span>of the material j<span class=\"_ _2\"></span>oint ventures <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff141 fs39 fc2 sc0 ls2f ws70 gs383\">NYK Stolt Ta<span class=\"_ _2\"></span>nkers S.A. <span class=\"_ _2\"></span>is a joint <span class=\"_ _2\"></span>venture wi<span class=\"_ _2\"></span>th <span class=\"ls4b ws0\">Nipp<span class=\"_ _2\"></span>on Y<span class=\"_ _2\"></span><span class=\"ls1\">u<span class=\"ls30 ws50\">sen Kab<span class=\"_ _2\"></span>ushi<span class=\"_ _2\"></span>ki K<span class=\"_ _2\"></span>aisha<span class=\"_ _2\"></span> (NY<span class=\"_ _2\"></span>K)</span>, <span class=\"_ _1\"></span><span class=\"ls30 ws4f\">whic<span class=\"_ _2\"></span>h owns<span class=\"_ _2\"></span> </span></span></span></div><div class=\"t m0 h98 ff141 fs39 fc2 sc0 ls30 ws50 gs384\">nine p<span class=\"_ _2\"></span>arcel<span class=\"_ _2\"></span> tank<span class=\"_ _2\"></span>ers<span class=\"_ _2\"></span> tha<span class=\"_ _2\"></span>t par<span class=\"_ _2\"></span>ticipa<span class=\"_ _2\"></span>te i<span class=\"_ _2\"></span>n <span class=\"ls46 ws6f\">ST<span class=\"_ _2\"></span>JS</span><span class=\"ws4f\">. T<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up perfo<span class=\"_ _2\"></span>rms<span class=\"_ _2\"></span> market<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span>, operati<span class=\"_ _2\"></span>onal<span class=\"_ _2\"></span>, </span></div><div class=\"t m0 h98 ff141 fs39 fc2 sc0 ls30 ws50 gs385\">adminis<span class=\"_ _2\"></span>trat<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>and<span class=\"_ _2\"></span> ship<span class=\"ls1 ws0\">-<span class=\"ff142 ls2f ws70\">owning serv<span class=\"_ _2\"></span>ices for <span class=\"_ _2\"></span>NYK Stolt Ta<span class=\"_ _2\"></span>nkers S.<span class=\"_ _2\"></span>A.\u2019s fleet in<span class=\"_ _2\"></span> the deep</span>-<span class=\"ls2f ws4e\">sea </span></span></div><div class=\"t m0 h98 ff141 fs39 fc2 sc0 ls30 ws50 gs386\">interc<span class=\"_ _2\"></span>onti<span class=\"_ _2\"></span>nental<span class=\"_ _2\"></span> ma<span class=\"_ _2\"></span>rket. T<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up cons<span class=\"_ _2\"></span>iders<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span>vestme<span class=\"_ _2\"></span>nt in<span class=\"_ _2\"></span> N<span class=\"_ _2\"></span>YK Stol<span class=\"_ _2\"></span>t T<span class=\"_ _2\"></span>ankers<span class=\"_ _2\"></span> S.A.<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> be </div><div class=\"t m0 h98 ff141 fs39 fc2 sc0 ls2f ws70 gs387\">strategic as <span class=\"_ _2\"></span>it provides s<span class=\"_ _2\"></span>op<span class=\"ls30 ws50\">his<span class=\"_ _2\"></span>ticate<span class=\"_ _2\"></span>d to<span class=\"_ _2\"></span>nnage<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span><span class=\"ls46 ws6f\">STJ<span class=\"_ _2\"></span>S<span class=\"ls1 ws0\">. </span></span></span></div><div class=\"t m0 h98 ff141 fs39 fc2 sc0 ls2f ws70 gs388\">NYK Stolt Ship<span class=\"_ _2\"></span>holding Pte. L<span class=\"_ _2\"></span>td. (NSSH) is<span class=\"_ _2\"></span> a ship<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">owning joi<span class=\"_ _2\"></span>nt v<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>ure and<span class=\"_ _2\"></span> ow<span class=\"_ _2\"></span>ns 11<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> ships<span class=\"_ _2\"></span></span> <span class=\"ls30 ws52\">and </span></span></div><div class=\"t m0 h98 ff141 fs39 fc2 sc0 ls30 ws50 gs389\">has a<span class=\"_ _2\"></span> time<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>charter f<span class=\"_ _2\"></span>or o<span class=\"_ _2\"></span>ne <span class=\"_ _2\"></span>ship<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">operated by<span class=\"_ _2\"></span> the SNAPS Po<span class=\"_ _2\"></span>ol. The <span class=\"_ _2\"></span>investment in<span class=\"_ _2\"></span> NSSH is co<span class=\"_ _2\"></span>nsidered </span></span></div><div class=\"t m0 h98 ff141 fs39 fc2 sc0 ls30 ws50 gs38a\">to be<span class=\"_ _2\"></span> strat<span class=\"_ _2\"></span>egic<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span>the G<span class=\"_ _2\"></span>roup b<span class=\"_ _2\"></span>y s<span class=\"_ _2\"></span>ervi<span class=\"_ _2\"></span>ng the<span class=\"_ _2\"></span> Eas<span class=\"_ _2\"></span>t Asi<span class=\"_ _2\"></span>a and<span class=\"_ _2\"></span> So<span class=\"_ _2\"></span>uth E<span class=\"_ _2\"></span>ast Asi<span class=\"_ _2\"></span>a m<span class=\"_ _2\"></span>arket<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> supp<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>ting </div><div class=\"t m0 h98 ff141 fs39 fc2 sc0 ls30 ws50 gs38b\">custom<span class=\"_ _2\"></span>ers of<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls46 ws6f\">STJS<span class=\"_ _2\"></span><span class=\"ls4c ws79\">. <span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 h98 ff141 fs39 fc2 sc0 ls30 ws4f gs38c\">Shang<span class=\"_ _2\"></span>hai SC<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls53 ws32\">S<span class=\"_ _2\"></span>tolt <span class=\"_ _2\"></span>Shipping<span class=\"_ _2\"></span> Ltd<span class=\"_ _2\"></span> is a<span class=\"_ _2\"></span> 49<span class=\"_ _2\"></span>%<span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">owned j<span class=\"_ _2\"></span>oint <span class=\"_ _2\"></span>ventu<span class=\"_ _2\"></span>re wi<span class=\"_ _2\"></span>th Sha<span class=\"_ _2\"></span>nghai<span class=\"_ _2\"></span> Junz<span class=\"_ _2\"></span>heng<span class=\"_ _2\"></span> Logi<span class=\"_ _2\"></span>stics<span class=\"_ _2\"></span> C<span class=\"_ _2\"></span>o. </span></span></span></span></div><div class=\"t m0 h98 ff141 fs39 fc2 sc0 ls30 ws4f gs38d\">Ltd to op<span class=\"_ _2\"></span>erate<span class=\"_ _2\"></span> chemic<span class=\"_ _2\"></span>al tank<span class=\"_ _2\"></span>ers i<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> </span><span class=\"ws50\">the Chi<span class=\"_ _2\"></span>nese<span class=\"_ _2\"></span> coas<span class=\"_ _2\"></span>t cab<span class=\"_ _2\"></span>otage<span class=\"_ _2\"></span> marke<span class=\"_ _2\"></span>t. <span class=\"_ _2\"></span>As of<span class=\"_ _2\"></span> Novem<span class=\"_ _2\"></span>ber<span class=\"_ _2\"></span> 30, 2<span class=\"_ _2\"></span>02<span class=\"ls1 ws0\">5<span class=\"ls59 ws95\">, </span></span></span></div><div class=\"t m0 h98 ff141 fs39 fc2 sc0 ls2f ws70 gs38e\">the joint ven<span class=\"_ _2\"></span>ture operated<span class=\"_ _2\"></span> <span class=\"ls31 ws53\">11<span class=\"ls1 ws0\"> </span></span>ships. It is con<span class=\"_ _2\"></span>sidered to be<span class=\"_ _2\"></span> a joint <span class=\"_ _2\"></span>venture as <span class=\"_ _2\"></span>all significa<span class=\"_ _2\"></span>nt decisio<span class=\"_ _2\"></span>ns </div><div class=\"t m0 h98 ff141 fs39 fc2 sc0 ls30 ws50 gs38f\">are m<span class=\"_ _2\"></span>ade u<span class=\"_ _2\"></span>nanim<span class=\"_ _2\"></span>ously<span class=\"_ _2\"></span>.<span class=\"_ _195\"> </span></div><div class=\"t m0 h98 ff141 fs39 fc2 sc0 ls2f ws4e gs390\">Advario<span class=\"ls1 ws0\"> <span class=\"ls53 ws7d\">Stolthave<span class=\"_ _2\"></span>n Antwe<span class=\"_ _2\"></span>rp, NV </span>(A<span class=\"ls46 ws6f\">SA)<span class=\"ls49 ws78\">, <span class=\"ls30 ws50\">is a 50<span class=\"_ _2\"></span>%</span></span></span>-<span class=\"ls30 ws50\">owned <span class=\"_ _2\"></span>joint<span class=\"_ _2\"></span> ve<span class=\"_ _2\"></span>nture<span class=\"_ _2\"></span> with </span></span>Ad<span class=\"_ _2\"></span>vario<span class=\"ls1 ws0\"> <span class=\"ls60 ws4f\">BV<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> <span class=\"ls30 ws4f\">and has<span class=\"_ _2\"></span> a </span></span></span></span></div><div class=\"t m0 h98 ff141 fs39 fc2 sc0 ls30 ws50 gs391\">termi<span class=\"_ _2\"></span>nal fac<span class=\"_ _2\"></span>ili<span class=\"_ _2\"></span>ty i<span class=\"_ _2\"></span>n Antw<span class=\"_ _2\"></span>erp,<span class=\"_ _2\"></span> Belg<span class=\"_ _2\"></span>ium<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws50\">whic<span class=\"_ _2\"></span>h pro<span class=\"_ _2\"></span>vides<span class=\"_ _2\"></span> indep<span class=\"_ _2\"></span>ende<span class=\"_ _2\"></span>nt <span class=\"_ _2\"></span>tank <span class=\"_ _2\"></span>termi<span class=\"_ _2\"></span>nal se<span class=\"_ _2\"></span>rvice<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws52\">Port </span></span></span></div><div class=\"t m0 h98 ff141 fs39 fc2 sc0 ls30 ws50 gs392\">of Antw<span class=\"_ _2\"></span>erp f<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span> bulk<span class=\"_ _2\"></span> liquid<span class=\"_ _2\"></span> pr<span class=\"_ _2\"></span>oduc<span class=\"_ _2\"></span>ts, <span class=\"_ _2\"></span>animal<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> vege<span class=\"_ _2\"></span>table<span class=\"_ _2\"></span> oils<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> gas<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> other<span class=\"_ _2\"></span> prod<span class=\"_ _2\"></span>ucts.<span class=\"_ _2\"></span> T<span class=\"_ _2\"></span>he </div><div class=\"t m0 h98 ff141 fs39 fc2 sc0 ls53 ws32 gs393\">investm<span class=\"_ _2\"></span>ent i<span class=\"_ _2\"></span>n <span class=\"ls1 ws0\">A<span class=\"ff142 ls30 ws50\">SA is c<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span>idered<span class=\"_ _2\"></span> to b<span class=\"_ _2\"></span>e s<span class=\"_ _2\"></span>trateg<span class=\"_ _2\"></span>ic t<span class=\"_ _2\"></span>o the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up as<span class=\"_ _2\"></span> it<span class=\"_ _2\"></span> is i<span class=\"_ _2\"></span>nteg<span class=\"_ _2\"></span>ral t<span class=\"_ _2\"></span>o the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up\u2019s <span class=\"_ _2\"></span>abili<span class=\"_ _2\"></span>ty <span class=\"_ _2\"></span>to </span></span></div><div class=\"t m0 h98 ff141 fs39 fc2 sc0 ls2f ws70 gs394\">provide an efficie<span class=\"_ _2\"></span>nt ship<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">te<span class=\"_ _2\"></span>rmin<span class=\"_ _2\"></span>al in<span class=\"_ _2\"></span>terf<span class=\"_ _2\"></span>ace.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 h98 ff141 fs39 fc2 sc0 ls4b ws77 gs395\">Jeong<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">IL Stolthaven Ulsan C<span class=\"_ _2\"></span>o. Ltd (J<span class=\"_ _2\"></span>STT) is a<span class=\"_ _2\"></span> 50%</span>-<span class=\"ls30 ws50\">owned<span class=\"_ _2\"></span> join<span class=\"_ _2\"></span>t ve<span class=\"_ _2\"></span>nture<span class=\"_ _2\"></span> tha<span class=\"_ _2\"></span>t owns<span class=\"_ _2\"></span> a te<span class=\"_ _2\"></span>rmin<span class=\"_ _2\"></span>al f<span class=\"_ _2\"></span>acili<span class=\"_ _2\"></span>ty </span></span></div><div class=\"t m0 h98 ff141 fs39 fc2 sc0 ls30 ws50 gs396\">in Uls<span class=\"_ _2\"></span>an,<span class=\"_ _2\"></span> South<span class=\"_ _2\"></span> Kore<span class=\"_ _2\"></span>a<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls2f ws70\">which<span class=\"_ _2\"></span> provides indepe<span class=\"_ _2\"></span>ndent tank<span class=\"_ _2\"></span> terminal <span class=\"_ _2\"></span>services for p<span class=\"_ _2\"></span>rimarily clea<span class=\"_ _2\"></span>n </span></span></div><div class=\"t m0 h98 ff141 fs39 fc2 sc0 ls30 ws50 gs397\">petrol<span class=\"_ _2\"></span>eum <span class=\"_ _2\"></span>and c<span class=\"_ _2\"></span>hemic<span class=\"_ _2\"></span>al pr<span class=\"_ _2\"></span>oduc<span class=\"_ _2\"></span>ts. T<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> cons<span class=\"_ _2\"></span>iders<span class=\"_ _2\"></span> it<span class=\"_ _2\"></span>s inve<span class=\"_ _2\"></span>stm<span class=\"_ _2\"></span>ent in<span class=\"_ _2\"></span> JSTT<span class=\"_ _2\"></span> to b<span class=\"_ _2\"></span>e s<span class=\"_ _2\"></span>trateg<span class=\"_ _2\"></span>ic a<span class=\"_ _2\"></span>s it </div><div class=\"t m0 h98 ff142 fs39 fc2 sc0 ls30 ws50 gs398\">is inte<span class=\"_ _2\"></span>gral<span class=\"_ _2\"></span> in <span class=\"_ _2\"></span>the G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span>\u2019s ab<span class=\"_ _2\"></span>ili<span class=\"_ _2\"></span>ty to<span class=\"_ _2\"></span> prov<span class=\"_ _2\"></span>ide a<span class=\"_ _2\"></span>n ef<span class=\"_ _2\"></span>ficie<span class=\"_ _2\"></span>nt shi<span class=\"_ _2\"></span>p<span class=\"ff141 ls1 ws0\">-<span class=\"ls2f ws70\">terminal inter<span class=\"_ _2\"></span>face.</span> </span></div><div class=\"t m0 h98 ff141 fs39 fc2 sc0 ls30 ws50 gs399\">Tianji<span class=\"_ _2\"></span>n Li<span class=\"_ _2\"></span>ngang<span class=\"_ _2\"></span> Stol<span class=\"_ _2\"></span>thav<span class=\"_ _2\"></span>en Te<span class=\"_ _2\"></span>rminal<span class=\"_ _2\"></span> Co.<span class=\"_ _2\"></span>, a 6<span class=\"_ _2\"></span>5%<span class=\"ls1 ws0\">-</span>owned<span class=\"_ _2\"></span> joi<span class=\"_ _2\"></span>nt ve<span class=\"_ _2\"></span>nture<span class=\"_ _2\"></span> with<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Ling<span class=\"_ _2\"></span>ang <span class=\"_ _2\"></span>Harbo<span class=\"_ _2\"></span>r Aff<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span>s </div><div class=\"t m0 h98 ff141 fs39 fc2 sc0 ls30 ws50 gs39a\">Company<span class=\"_ _2\"></span> (LH<span class=\"_ _2\"></span>AC)<span class=\"_ _2\"></span>, owns<span class=\"_ _2\"></span> a <span class=\"_ _2\"></span>termi<span class=\"_ _2\"></span>nal f<span class=\"_ _2\"></span>acili<span class=\"_ _2\"></span>ty i<span class=\"_ _2\"></span>n Tia<span class=\"_ _2\"></span>njin<span class=\"_ _2\"></span>, Chin<span class=\"_ _2\"></span>a. I<span class=\"_ _2\"></span>t i<span class=\"_ _2\"></span>s consi<span class=\"_ _2\"></span>dered<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> be a <span class=\"_ _2\"></span>joi<span class=\"_ _2\"></span>nt ve<span class=\"_ _2\"></span>nture<span class=\"_ _2\"></span> as </div><div class=\"t m0 h98 ff141 fs39 fc2 sc0 ls2f ws70 gs39b\">all significant<span class=\"_ _2\"></span> decisions <span class=\"_ _2\"></span>are made una<span class=\"_ _2\"></span>nimously. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff141 fs39 fc2 sc0 ls30 ws50 gs39c\">Tianji<span class=\"_ _2\"></span>n Li<span class=\"_ _2\"></span>ngang<span class=\"_ _2\"></span> Stol<span class=\"_ _2\"></span>thav<span class=\"_ _2\"></span>en Je<span class=\"_ _2\"></span>tty <span class=\"_ _2\"></span>Comp<span class=\"_ _2\"></span>any, <span class=\"_ _2\"></span>a 40<span class=\"_ _2\"></span>%<span class=\"ls1 ws0\">-</span>owned j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> vent<span class=\"_ _2\"></span>ure w<span class=\"_ _2\"></span>ith L<span class=\"_ _2\"></span>HAC,<span class=\"_ _2\"></span> owns<span class=\"_ _2\"></span> and </div><div class=\"t m0 h98 ff141 fs39 fc2 sc0 ls2f ws70 gs39d\">operates a je<span class=\"_ _2\"></span>tty and docks<span class=\"_ _2\"></span> in Tia<span class=\"_ _2\"></span>njin, China. <span class=\"_ _2\"></span>It is conside<span class=\"_ _2\"></span>red to be <span class=\"_ _2\"></span><span class=\"ls30 ws52\">a <span class=\"ws50\">joint<span class=\"_ _2\"></span> vent<span class=\"_ _2\"></span>ure a<span class=\"_ _2\"></span>s all<span class=\"_ _2\"></span> sign<span class=\"_ _2\"></span>ific<span class=\"_ _2\"></span>ant </span></span></div><div class=\"t m0 h98 ff141 fs39 fc2 sc0 ls30 ws4f gs39e\">decisi<span class=\"_ _2\"></span>ons a<span class=\"_ _2\"></span>re made un<span class=\"_ _2\"></span>anim<span class=\"_ _2\"></span>ousl<span class=\"_ _2\"></span>y.<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h7e ff145 fs39 fc9 sc0 ls4c ws71 gs3a0\">Reconciliati<span class=\"_ _2\"></span>on of <span class=\"ls1 ws0\">s<span class=\"_ _1\"></span><span class=\"ls60 ws4f\">ummar<span class=\"_ _1\"></span>ised <span class=\"_ _1\"></span><span class=\"ls1 ws0\">f<span class=\"ls4c ws79\">inancial </span>i<span class=\"_ _1\"></span><span class=\"ls59 ws2f\">nformation<span class=\"_ _1\"></span> from <span class=\"ls1 ws0\">p<span class=\"ls46 ws6f\">rior </span>y<span class=\"ls46 ws6f\">ear </span>n<span class=\"_ _1\"></span><span class=\"ls49 ws78\">et <span class=\"ls1 ws0\">a<span class=\"ls31 ws53\">ssets</span> <span class=\"_ _1\"></span><span class=\"ls49 wsb5\">to I<span class=\"_ _2\"></span>nves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt in <span class=\"_ _2\"></span>and <span class=\"ls1 ws0\">a<span class=\"ls46 ws89\">dva<span class=\"_ _2\"></span>nces<span class=\"_ _2\"></span> to </span>j<span class=\"ls46 ws6f\">oint </span>v<span class=\"_ _1\"></span><span class=\"ls4a ws76\">e<span class=\"_ _2\"></span>ntures<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span></span></span></span></span></span></span></div><div class=\"gs3a1\"><table class=\"s w187 h144\" id=\"_1b37f603-874e-474b-a479-04437b539af6\"><tr><td></td><td class=\"t m0 x359 h82 y2d9d ff146 fs3b fc2 sc0 ls1 ws32\">NYK Stolt <span class=\"ws0\"> </span></td><td></td><td class=\"t m0 x35a h82 y2d9d ff146 fs3b fc2 sc0 ls1 ws32\">NYK Stolt <span class=\"ws0\"> </span></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x35b h82 y2d9e ff146 fs3b fc2 sc0 ls1 ws32\">Tankers S.A.<span class=\"ws0\"> </span></td><td></td><td class=\"t m0 x2b5 h82 y2d9e ff146 fs3b fc2 sc0 ls2d ws4a\">Shipholding<span class=\"_ _2\"></span> <span class=\"ls1 ws32\">Pte. Ltd.</span><span class=\"ls1 ws32\"><span class=\"ws0\"> </span></span></td><td></td><td class=\"c x358 y2d9f waa hb4\"><div class=\"t m0 x17c h82 y1c8b ff146 fs3b fc2 sc0 ls39 ws31\">Shan<span class=\"_ _2\"></span>ghai S<span class=\"_ _2\"></span>C<span class=\"ls1 ws0\">-<span class=\"ws9b\">Stolt Shipping Ltd</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2da0 w150 h102\"><div class=\"t m0 x245 h82 y29a6 ff146 fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2b9 h82 y29a7 ff146 fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x2b3 h85 y2da1 ff145 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"t m0 x35c h82 y2da1 ff146 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"_ _195\"> </span></td><td class=\"c x35d y2da2 w2c hb9\"><div class=\"t m0 x171 h85 y22db ff145 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"t m0 x277 h82 y2da1 ff146 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"_ _195\"> </span></td><td class=\"c x358 y2da2 wb0 hb9\"><div class=\"t m0 x1ce h85 y22db ff145 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"t m0 x35e h82 y2da1 ff146 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2da3 wa8 h86\"><div class=\"t m0 x0 h88 y1bfa ff146 fs3a fc2 sc0 ls22 ws3e\">Net <span class=\"_ _1\"></span><span class=\"ls1 ws0\">a<span class=\"ls25 ws41\">ssets:</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2da4 wa8 h86\"><div class=\"t m0 x0 h88 y1c50 ff146 fs3a fc2 sc0 ls26 ws3d\">Balance, Decem<span class=\"_ _1\"></span>ber 1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x354 y2da4 wab h86\"><div class=\"t m0 x187 h87 y1c50 ff145 fs3a fc2 sc0 ls21 ws35\">138,<span class=\"_ _2\"></span>275<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x35f y2da4 wad h86\"><div class=\"t m0 x197 h88 y1c50 ff146 fs3a fc2 sc0 ls20 ws36\">109,938<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x35d y2da4 w2c h86\"><div class=\"t m0 x187 h87 y1c50 ff145 fs3a fc2 sc0 ls21 ws35\">151,<span class=\"_ _2\"></span>314<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x357 y2da4 wae h86\"><div class=\"t m0 x197 h88 y1c50 ff146 fs3a fc2 sc0 ls20 ws36\">133,151<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x358 y2da4 wb0 h86\"><div class=\"t m0 x180 h87 y1c50 ff145 fs3a fc2 sc0 ls23 ws39\">80,681<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2da4 wb0 h86\"><div class=\"t m0 x181 h88 y1c50 ff146 fs3a fc2 sc0 ls20 ws36\">78,994<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2da5 wa8 h8a\"><div class=\"t m0 x0 h88 y1c03 ff146 fs3a fc2 sc0 ls22 ws37\">Profit f<span class=\"_ _1\"></span>or the<span class=\"ls1 ws0\"> <span class=\"ls2e ws5c\">year</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x354 y2da5 wab h8a\"><div class=\"t m0 x186 h87 y1c03 ff145 fs3a fc2 sc0 ls23 ws39\">22,303<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x35f y2da5 wad h8a\"><div class=\"t m0 x181 h88 y1c03 ff146 fs3a fc2 sc0 ls20 ws36\">35,184<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x35d y2da5 w2c h8a\"><div class=\"t m0 x1ce h87 y1c03 ff145 fs3a fc2 sc0 ls21 ws35\">7,58<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x357 y2da5 wae h8a\"><div class=\"t m0 x181 h88 y1c03 ff146 fs3a fc2 sc0 ls20 ws36\">18,655<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x358 y2da5 wb2 h8a\"><div class=\"t m0 x181 h87 y1c03 ff145 fs3a fc2 sc0 ls21 ws35\">(1,02<span class=\"_ _2\"></span>1)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2da5 wb0 h8a\"><div class=\"t m0 x183 h88 y1c03 ff146 fs3a fc2 sc0 ls20 ws36\">2,130<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2da6 wa8 h86\"><div class=\"t m0 x0 h88 y1bdc ff146 fs3a fc2 sc0 ls29 ws44\">Dividends<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x354 y2da6 wb3 h86\"><div class=\"t m0 x187 h87 y1bdc ff145 fs3a fc2 sc0 ls21 ws35\">(11,0<span class=\"_ _2\"></span>00)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x35f y2da6 wb2 h86\"><div class=\"t m0 x187 h88 y1bdc ff146 fs3a fc2 sc0 ls20 ws36\">(6,000)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x35d y2da6 wb4 h86\"><div class=\"t m0 x186 h87 y1bdc ff145 fs3a fc2 sc0 ls21 ws35\">(8,50<span class=\"_ _2\"></span>0)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x357 y2da6 wae h86\"><div class=\"t m0 x193 h88 y1bdc ff147 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff146\"> </span></div></td><td class=\"c x358 y2da6 wb0 h86\"><div class=\"t m0 x193 h87 y1bdc ff148 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff145\"> </span></div></td><td class=\"c x2ae y2da6 wb0 h86\"><div class=\"t m0 x193 h88 y1bdc ff147 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff146\"> </span></div></td></tr><tr><td class=\"c x24b y2da7 wa8 h86\"><div class=\"t m0 x0 h88 y1bde ff146 fs3a fc2 sc0 ls26 ws3d\">Other comprehen<span class=\"_ _1\"></span>sive <span class=\"ls25 ws41\">(loss)<span class=\"ls1 ws0\"> <span class=\"ls2a ws45\">income<span class=\"_ _2\"></span></span> </span></span></div></td><td class=\"c x354 y2da7 wb3 h86\"><div class=\"t m0 x177 h87 y1bde ff145 fs3a fc2 sc0 ls21 ws35\">(965)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x35f y2da7 wb2 h86\"><div class=\"t m0 x185 h88 y1bde ff146 fs3a fc2 sc0 ls20 ws36\">(847)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x35d y2da7 wb4 h86\"><div class=\"t m0 x186 h87 y1bde ff145 fs3a fc2 sc0 ls21 ws35\">(3,75<span class=\"_ _2\"></span>3)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x357 y2da7 wb5 h86\"><div class=\"t m0 x185 h88 y1bde ff146 fs3a fc2 sc0 ls20 ws36\">(493)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x358 y2da7 wb0 h86\"><div class=\"t m0 x179 h87 y1bde ff145 fs3a fc2 sc0 ls21 ws35\">1,89<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2da7 wb2 h86\"><div class=\"t m0 x185 h88 y1bde ff146 fs3a fc2 sc0 ls20 ws36\">(444)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2da8 wa8 h94\"><div class=\"t m0 x0 h88 y1be0 ff146 fs3a fc2 sc0 ls2a ws45\">Othe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x354 y2da8 wb3 h94\"><div class=\"t m0 x177 h87 y1be0 ff145 fs3a fc2 sc0 ls21 ws35\">(758)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x35f y2da8 wad h94\"><div class=\"t m0 x193 h88 y1be0 ff147 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff146\"> </span></div></td><td class=\"c x35d y2da8 w2c h94\"><div class=\"t m0 x106 h87 y1be0 ff145 fs3a fc2 sc0 ls1 ws0\">1 </div></td><td class=\"c x357 y2da8 wae h94\"><div class=\"t m0 x1 h88 y1be0 ff146 fs3a fc2 sc0 ls1 ws0\">1<span class=\"_ _1\"></span> </div></td><td class=\"c x358 y2da8 wb2 h94\"><div class=\"t m0 x171 h87 y1be0 ff145 fs3a fc2 sc0 ls21 ws35\">(1)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2da8 wb0 h94\"><div class=\"t m0 x1 h88 y1be0 ff146 fs3a fc2 sc0 ls1 ws0\">1<span class=\"_ _1\"></span> </div></td></tr><tr><td class=\"c x24b y2da9 wa8 h8a\"><div class=\"t m0 x0 h88 y1be6 ff146 fs3a fc2 sc0 ls26 ws3d\">Balance, Nov<span class=\"_ _1\"></span>ember 30<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x354 y2da9 wab h8a\"><div class=\"t m0 x187 h87 y1be6 ff145 fs3a fc2 sc0 ls21 ws35\">147,<span class=\"_ _2\"></span>855<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x35f y2da9 wad h8a\"><div class=\"t m0 x197 h88 y1be6 ff146 fs3a fc2 sc0 ls20 ws36\">138,275<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x35d y2da9 w2c h8a\"><div class=\"t m0 x187 h87 y1be6 ff145 fs3a fc2 sc0 ls21 ws35\">146,<span class=\"_ _2\"></span>642<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x357 y2da9 wae h8a\"><div class=\"t m0 x197 h88 y1be6 ff146 fs3a fc2 sc0 ls20 ws36\">151,314<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x358 y2da9 wb0 h8a\"><div class=\"t m0 x180 h87 y1be6 ff145 fs3a fc2 sc0 ls23 ws39\">81,556<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2da9 wb0 h8a\"><div class=\"t m0 x181 h88 y1be6 ff146 fs3a fc2 sc0 ls20 ws36\">80,681<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2daa wa8 h86\"><div class=\"t m0 x0 h88 y2112 ff146 fs3a fc2 sc0 ls26 ws3d\">Percentage owned<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x354 y2daa wab h86\"><div class=\"t m0 x1a0 h87 y2112 ff145 fs3a fc2 sc0 ls27 ws3f\">50%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x35f y2daa wad h86\"><div class=\"t m0 x184 h88 y2112 ff146 fs3a fc2 sc0 ls20 ws36\">50%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x35d y2daa w2c h86\"><div class=\"t m0 x1a0 h87 y2112 ff145 fs3a fc2 sc0 ls27 ws3f\">50%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x357 y2daa wae h86\"><div class=\"t m0 x184 h88 y2112 ff146 fs3a fc2 sc0 ls20 ws36\">50%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x358 y2daa wb0 h86\"><div class=\"t m0 x184 h87 y2112 ff145 fs3a fc2 sc0 ls27 ws3f\">49%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2daa wb0 h86\"><div class=\"t m0 x184 h88 y2112 ff146 fs3a fc2 sc0 ls20 ws36\">49%<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2dab wa8 h86\"><div class=\"t m0 x0 h88 y1c0a ff146 fs3a fc2 sc0 ls24 ws3a\">Interest in joint<span class=\"ls1 ws0\"> </span><span class=\"ws3b\">venture</span><span class=\"ws3b\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x354 y2dab wab h86\"><div class=\"t m0 x186 h87 y1c0a ff145 fs3a fc2 sc0 ls23 ws39\">73,927<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x35f y2dab wad h86\"><div class=\"t m0 x181 h88 y1c0a ff146 fs3a fc2 sc0 ls20 ws36\">69,138<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x35d y2dab w2c h86\"><div class=\"t m0 x186 h87 y1c0a ff145 fs3a fc2 sc0 ls23 ws39\">73,320<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x357 y2dab wae h86\"><div class=\"t m0 x181 h88 y1c0a ff146 fs3a fc2 sc0 ls20 ws36\">75,657<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x358 y2dab wb0 h86\"><div class=\"t m0 x180 h87 y1c0a ff145 fs3a fc2 sc0 ls23 ws39\">39,963<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2dab wb0 h86\"><div class=\"t m0 x181 h88 y1c0a ff146 fs3a fc2 sc0 ls20 ws36\">39,534<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2dac wa8 h8a\"><div class=\"t m0 x0 h88 y1c18 ff146 fs3a fc2 sc0 ls24 ws3b\">Advances<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x354 y2dac wab h8a\"><div class=\"t m0 x186 h87 y1c18 ff145 fs3a fc2 sc0 ls23 ws39\">62,472<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x35f y2dac wad h8a\"><div class=\"t m0 x181 h88 y1c18 ff146 fs3a fc2 sc0 ls20 ws36\">42,287<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x35d y2dac w2c h8a\"><div class=\"t m0 x1cd h87 y1c18 ff148 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff145\"> </span></div></td><td class=\"c x357 y2dac wae h8a\"><div class=\"t m0 x193 h88 y1c18 ff147 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff146\"> </span></div></td><td class=\"c x358 y2dac wb0 h8a\"><div class=\"t m0 x193 h87 y1c18 ff148 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff145\"> </span></div></td><td class=\"c x2ae y2dac wb0 h8a\"><div class=\"t m0 x193 h88 y1c18 ff147 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff146\"> </span></div></td></tr><tr><td class=\"c x24b y2dad wa8 h86\"><div class=\"t m0 x0 h87 y1bea ff145 fs3a fc2 sc0 ls22 ws34\">Investm<span class=\"_ _1\"></span>ent in and advanc<span class=\"_ _1\"></span>es to joint v<span class=\"_ _1\"></span>entures<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x354 y2dad wab h86\"><div class=\"t m0 x187 h87 y1bea ff145 fs3a fc2 sc0 ls21 ws35\">136,<span class=\"_ _2\"></span>399<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x35f y2dad wad h86\"><div class=\"t m0 x197 h88 y1bea ff146 fs3a fc2 sc0 ls20 ws36\">111,425<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x35d y2dad w2c h86\"><div class=\"t m0 x186 h87 y1bea ff145 fs3a fc2 sc0 ls23 ws39\">73,320<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x357 y2dad wae h86\"><div class=\"t m0 x181 h88 y1bea ff146 fs3a fc2 sc0 ls20 ws36\">75,657<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x358 y2dad wb0 h86\"><div class=\"t m0 x180 h87 y1bea ff145 fs3a fc2 sc0 ls23 ws39\">39,963<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2dad wb0 h86\"><div class=\"t m0 x181 h88 y1bea ff146 fs3a fc2 sc0 ls20 ws36\">39,534<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"gs3a2\"><table class=\"s w187 h143\" id=\"_36936b22-2267-4aa4-ab45-36e0b60af0b6\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x345 h82 y2d8a ff146 fs3b fc2 sc0 ls2d wsa4\">Tianjin Lin<span class=\"_ _2\"></span>gang <span class=\"ls1 ws0\">Stolthaven</span><span class=\"ls1 ws0\">  </span></td><td></td><td class=\"t m0 x32b h82 y2d8a ff146 fs3b fc2 sc0 ls1 ws32\">Tianjin Lingang Stolthaven <span class=\"ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x346 h82 y2d8b ff146 fs3b fc2 sc0 ls1 ws32\">Advario Stolthaven Antwerp, NV<span class=\"ws0\"> </span></td><td></td><td class=\"t m0 x347 h82 y2d8b ff146 fs3b fc2 sc0 ls1 ws0\">Jeong-<span class=\"ws32\">IL Stolthaven Ulsan Co. Ltd</span> </td><td></td><td class=\"t m0 x30e h82 y2d8b ff146 fs3b fc2 sc0 ls2d wsa4\">Terminal C<span class=\"_ _2\"></span>o.<span class=\"ls1 ws0\"> </span></td><td></td><td class=\"t m0 x348 h82 y2d8b ff146 fs3b fc2 sc0 ls1 ws32\">Jetty Company<span class=\"ws0\"> </span></td><td></td></tr><tr><td class=\"c x24b y2d8c wb6 hb9\"><div class=\"t m0 x0 h82 y1c51 ff146 fs3b fc2 sc0 ls1 ws32\">(in US $<span class=\"ws0\"> <span class=\"ls1d ws31\">thou<span class=\"_ _2\"></span>sands</span></span><span class=\"ws0\"><span class=\"ls1d ws31\">)</span> </span></div></td><td class=\"t m0 x349 h85 y2d8d ff145 fs3b fc2 sc0 ls1b ws2f\">202<span class=\"ls1 ws0\">5<span class=\"_ _195\"> </span></span></td><td class=\"c x314 y2d8e w188 h115\"><div class=\"t m0 x245 h82 y29a6 ff146 fs3b fc2 sc0 ls1b ws2f\">202<span class=\"_ _195\"> </span></div><div class=\"t m0 x34a h82 y29a6 ff146 fs3b fc2 sc0 ls1 ws0\">4<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x34b h85 y2d8d ff145 fs3b fc2 sc0 ls1b ws2f\">202<span class=\"ls1 ws0\">5<span class=\"_ _195\"> </span></span></td><td class=\"c x34d y2d8e w189 h115\"><div class=\"t m0 x245 h82 y29a6 ff146 fs3b fc2 sc0 ls1b ws2f\">202<span class=\"_ _195\"> </span></div><div class=\"t m0 x34c h82 y29a6 ff146 fs3b fc2 sc0 ls1 ws0\">4<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x30e h85 y2d8d ff145 fs3b fc2 sc0 ls1b ws2f\">202<span class=\"ls1 ws0\">5<span class=\"_ _195\"> </span></span></td><td class=\"t m0 x277 h82 y2d8d ff146 fs3b fc2 sc0 ls1b ws2f\">202<span class=\"ls1 ws0\">4<span class=\"_ _195\"> </span></span></td><td class=\"c x34f y2d8f w18a h134\"><div class=\"t m0 x245 h85 y2c8b ff145 fs3b fc2 sc0 ls1b ws2f\">202<span class=\"_ _195\"> </span></div><div class=\"t m0 x34e h85 y2c8b ff145 fs3b fc2 sc0 ls1 ws0\">5<span class=\"_ _195\"> </span></div></td><td class=\"c x351 y2d8e w18b h115\"><div class=\"t m0 x245 h82 y29a6 ff146 fs3b fc2 sc0 ls1b ws2f\">202<span class=\"_ _195\"> </span></div><div class=\"t m0 x350 h82 y29a6 ff146 fs3b fc2 sc0 ls1 ws0\">4<span class=\"_ _195\"> </span></div></td></tr><tr><td class=\"c x24b y2d90 wb6 h86\"><div class=\"t m0 x0 h88 y1bde ff146 fs3a fc2 sc0 ls22 ws3e\">Net <span class=\"_ _1\"></span><span class=\"ls1 ws0\">a<span class=\"ls25 ws41\">ssets:</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2d91 wb6 h94\"><div class=\"t m0 x0 h88 y1c2d ff146 fs3a fc2 sc0 ls26 ws3d\">Balance, Decem<span class=\"_ _1\"></span>ber 1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x352 y2d91 w20 h94\"><div class=\"t m0 x180 h87 y1c2d ff145 fs3a fc2 sc0 ls21 ws35\">192,<span class=\"_ _2\"></span>798<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x353 y2d91 w5e h94\"><div class=\"t m0 x17b h88 y1c2d ff146 fs3a fc2 sc0 ls20 ws36\">193,107<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x354 y2d91 w20 h94\"><div class=\"t m0 x180 h87 y1c2d ff145 fs3a fc2 sc0 ls21 ws35\">228,<span class=\"_ _2\"></span>672<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x355 y2d91 wb8 h94\"><div class=\"t m0 x210 h88 y1c2d ff146 fs3a fc2 sc0 ls20 ws36\">238,900<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x356 y2d91 w7b h94\"><div class=\"t m0 x182 h87 y1c2d ff145 fs3a fc2 sc0 ls23 ws39\">33,135<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x357 y2d91 wb8 h94\"><div class=\"t m0 x18f h88 y1c2d ff146 fs3a fc2 sc0 ls20 ws36\">30,654<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x358 y2d91 wae h94\"><div class=\"t m0 x180 h87 y1c2d ff145 fs3a fc2 sc0 ls23 ws39\">27,728<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2d91 wb9 h94\"><div class=\"t m0 x181 h88 y1c2d ff146 fs3a fc2 sc0 ls20 ws36\">28,174<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d92 wb6 h86\"><div class=\"t m0 x0 h88 y1bde ff146 fs3a fc2 sc0 ls22 ws37\">Profit f<span class=\"_ _1\"></span>or the year<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x352 y2d92 w20 h86\"><div class=\"t m0 x179 h87 y1bde ff145 fs3a fc2 sc0 ls23 ws39\">15,954<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x353 y2d92 w5e h86\"><div class=\"t m0 x180 h88 y1bde ff146 fs3a fc2 sc0 ls20 ws36\">15,046<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x354 y2d92 w20 h86\"><div class=\"t m0 x179 h87 y1bde ff145 fs3a fc2 sc0 ls23 ws39\">32,496<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x355 y2d92 wb8 h86\"><div class=\"t m0 x18f h88 y1bde ff146 fs3a fc2 sc0 ls20 ws36\">29,361<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x356 y2d92 w7b h86\"><div class=\"t m0 x47 h87 y1bde ff145 fs3a fc2 sc0 ls21 ws35\">1,69<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x357 y2d92 wb8 h86\"><div class=\"t m0 x182 h88 y1bde ff146 fs3a fc2 sc0 ls20 ws36\">2,955<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x358 y2d92 wae h86\"><div class=\"t m0 x179 h87 y1bde ff145 fs3a fc2 sc0 ls21 ws35\">2,12<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2d92 wb9 h86\"><div class=\"t m0 x183 h88 y1bde ff146 fs3a fc2 sc0 ls20 ws36\">2,053<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d93 wb6 h86\"><div class=\"t m0 x0 h88 y1c05 ff146 fs3a fc2 sc0 ls29 ws44\">Dividends<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x352 y2d93 w25 h86\"><div class=\"t m0 x181 h87 y1c05 ff145 fs3a fc2 sc0 ls21 ws35\">(12,6<span class=\"_ _2\"></span>12)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x353 y2d93 wba h86\"><div class=\"t m0 x181 h88 y1c05 ff146 fs3a fc2 sc0 ls20 ws36\">(9,824)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x354 y2d93 w24 h86\"><div class=\"t m0 x181 h87 y1c05 ff145 fs3a fc2 sc0 ls21 ws35\">(24,9<span class=\"_ _2\"></span>22)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x355 y2d93 wbb h86\"><div class=\"t m0 x180 h88 y1c05 ff146 fs3a fc2 sc0 ls20 ws36\">(22,950)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x356 y2d93 w7b h86\"><div class=\"t m0 x106 h87 y1c05 ff148 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff145\"> </span></div></td><td class=\"c x357 y2d93 wb8 h86\"><div class=\"t m0 x1 h88 y1c05 ff147 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff146\"> </span></div></td><td class=\"c x358 y2d93 wbc h86\"><div class=\"t m0 x181 h87 y1c05 ff145 fs3a fc2 sc0 ls21 ws35\">(1,71<span class=\"_ _2\"></span>5)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2d93 wbd h86\"><div class=\"t m0 x187 h88 y1c05 ff146 fs3a fc2 sc0 ls20 ws36\">(2,071)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d94 wb6 h8a\"><div class=\"t m0 x0 h88 y1be6 ff146 fs3a fc2 sc0 ls24 ws3a\">Other comprehensive income<span class=\"ls1 ws0\"> <span class=\"ls25 ws41\">(loss)</span> </span></div></td><td class=\"c x352 y2d94 w20 h8a\"><div class=\"t m0 x179 h87 y1be6 ff145 fs3a fc2 sc0 ls23 ws39\">17,135<span class=\"_ _1\"></span><span class=\"ls1 ws0\">  </span></div></td><td class=\"c x353 y2d94 wba h8a\"><div class=\"t m0 x181 h88 y1be6 ff146 fs3a fc2 sc0 ls20 ws36\">(5,531)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x354 y2d94 w24 h8a\"><div class=\"t m0 x181 h87 y1be6 ff145 fs3a fc2 sc0 ls21 ws35\">(11,3<span class=\"_ _2\"></span>90)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x355 y2d94 wbb h8a\"><div class=\"t m0 x180 h88 y1be6 ff146 fs3a fc2 sc0 ls20 ws36\">(16,639)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x356 y2d94 w7b h8a\"><div class=\"t m0 x19f h87 y1be6 ff145 fs3a fc2 sc0 ls21 ws35\">819<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x357 y2d94 wbb h8a\"><div class=\"t m0 x184 h88 y1be6 ff146 fs3a fc2 sc0 ls20 ws36\">(472)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x358 y2d94 wae h8a\"><div class=\"t m0 x1ce h87 y1be6 ff145 fs3a fc2 sc0 ls21 ws35\">573<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2d94 wbd h8a\"><div class=\"t m0 x185 h88 y1be6 ff146 fs3a fc2 sc0 ls20 ws36\">(428)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d95 wb6 h86\"><div class=\"t m0 x0 h88 y1be4 ff146 fs3a fc2 sc0 ls2a ws45\">Othe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x352 y2d95 w20 h86\"><div class=\"t m0 xb6 h87 y1be4 ff148 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff145\"> </span></div></td><td class=\"c x353 y2d95 w5e h86\"><div class=\"t m0 x1be h88 y1be4 ff147 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff146\"> </span></div></td><td class=\"c x354 y2d95 w24 h86\"><div class=\"t m0 x1 h87 y1be4 ff145 fs3a fc2 sc0 ls21 ws35\">(1)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x355 y2d95 wb8 h86\"><div class=\"t m0 x1 h88 y1be4 ff147 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff146\"> </span></div></td><td class=\"c x356 y2d95 w7b h86\"><div class=\"t m0 x106 h87 y1be4 ff145 fs3a fc2 sc0 ls1 ws0\">1 </div></td><td class=\"c x357 y2d95 wbb h86\"><div class=\"t m0 x19f h88 y1be4 ff146 fs3a fc2 sc0 ls2a ws45\">(2)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x358 y2d95 wae h86\"><div class=\"t m0 x193 h87 y1be4 ff145 fs3a fc2 sc0 ls1 ws0\">1 </div></td><td class=\"c x2ae y2d95 wb9 h86\"><div class=\"t m0 x193 h88 y1be4 ff147 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff146\"> </span></div></td></tr><tr><td class=\"c x24b y2d96 wb6 h89\"><div class=\"t m0 x0 h88 y1be2 ff146 fs3a fc2 sc0 ls26 ws3d\">Balance, Nov<span class=\"_ _1\"></span>ember 30<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x352 y2d96 w20 h89\"><div class=\"t m0 x180 h87 y1be2 ff145 fs3a fc2 sc0 ls21 ws35\">213,<span class=\"_ _2\"></span>275<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x353 y2d96 w5e h89\"><div class=\"t m0 x17b h88 y1be2 ff146 fs3a fc2 sc0 ls20 ws36\">192,798<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x354 y2d96 w20 h89\"><div class=\"t m0 x180 h87 y1be2 ff145 fs3a fc2 sc0 ls21 ws35\">224,<span class=\"_ _2\"></span>855<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x355 y2d96 wb8 h89\"><div class=\"t m0 x210 h88 y1be2 ff146 fs3a fc2 sc0 ls20 ws36\">228,672<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x356 y2d96 w7b h89\"><div class=\"t m0 x182 h87 y1be2 ff145 fs3a fc2 sc0 ls23 ws39\">35,649<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x357 y2d96 wb8 h89\"><div class=\"t m0 x18f h88 y1be2 ff146 fs3a fc2 sc0 ls20 ws36\">33,135<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x358 y2d96 wae h89\"><div class=\"t m0 x180 h87 y1be2 ff145 fs3a fc2 sc0 ls23 ws39\">28,707<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2d96 wb9 h89\"><div class=\"t m0 x181 h88 y1be2 ff146 fs3a fc2 sc0 ls20 ws36\">27,728<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d97 wb6 h8c\"><div class=\"t m0 x0 h88 y1c18 ff146 fs3a fc2 sc0 ls26 ws3d\">Percentage owned<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x352 y2d97 w20 h8c\"><div class=\"t m0 x177 h87 y1c18 ff145 fs3a fc2 sc0 ls27 ws3f\">50%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x353 y2d97 w5e h8c\"><div class=\"t m0 x185 h88 y1c18 ff146 fs3a fc2 sc0 ls20 ws36\">50%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x354 y2d97 w20 h8c\"><div class=\"t m0 x177 h87 y1c18 ff145 fs3a fc2 sc0 ls27 ws3f\">50%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x355 y2d97 wb8 h8c\"><div class=\"t m0 x47 h88 y1c18 ff146 fs3a fc2 sc0 ls20 ws36\">50%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x356 y2d97 w7b h8c\"><div class=\"t m0 x1be h87 y1c18 ff145 fs3a fc2 sc0 ls27 ws3f\">65%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x357 y2d97 wb8 h8c\"><div class=\"t m0 x47 h88 y1c18 ff146 fs3a fc2 sc0 ls20 ws36\">65%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x358 y2d97 wae h8c\"><div class=\"t m0 x184 h87 y1c18 ff145 fs3a fc2 sc0 ls27 ws3f\">40%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2d97 wb9 h8c\"><div class=\"t m0 x184 h88 y1c18 ff146 fs3a fc2 sc0 ls20 ws36\">40%<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d98 wb6 h8a\"><div class=\"t m0 x0 h88 y1c65 ff146 fs3a fc2 sc0 ls24 ws3a\">Interest in joint venture<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x352 y2d98 w20 h8a\"><div class=\"t m0 x180 h87 y1c65 ff145 fs3a fc2 sc0 ls21 ws35\">106,<span class=\"_ _2\"></span>638<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x353 y2d98 w5e h8a\"><div class=\"t m0 x180 h88 y1c65 ff146 fs3a fc2 sc0 ls20 ws36\">96,399<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x354 y2d98 w20 h8a\"><div class=\"t m0 x180 h87 y1c65 ff145 fs3a fc2 sc0 ls21 ws35\">112,<span class=\"_ _2\"></span>428<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x355 y2d98 wb8 h8a\"><div class=\"t m0 x210 h88 y1c65 ff146 fs3a fc2 sc0 ls20 ws36\">114,336<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x356 y2d98 w7b h8a\"><div class=\"t m0 x182 h87 y1c65 ff145 fs3a fc2 sc0 ls23 ws39\">23,172<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x357 y2d98 wb8 h8a\"><div class=\"t m0 x18f h88 y1c65 ff146 fs3a fc2 sc0 ls20 ws36\">21,538<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x358 y2d98 wae h8a\"><div class=\"t m0 x180 h87 y1c65 ff145 fs3a fc2 sc0 ls23 ws39\">11,483<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2d98 wb9 h8a\"><div class=\"t m0 x181 h88 y1c65 ff146 fs3a fc2 sc0 ls20 ws36\">11,091<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d99 wb6 h86\"><div class=\"t m0 x0 h88 y1be8 ff146 fs3a fc2 sc0 ls22 ws37\">Purchase a<span class=\"_ _1\"></span>djustment to property<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x352 y2d99 w20 h86\"><div class=\"t m0 x185 h87 y1be8 ff145 fs3a fc2 sc0 ls21 ws35\">2,60<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x353 y2d99 w5e h86\"><div class=\"t m0 x179 h88 y1be8 ff146 fs3a fc2 sc0 ls20 ws36\">2,690<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x354 y2d99 w20 h86\"><div class=\"t m0 xb6 h87 y1be8 ff148 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff145\"> </span></div></td><td class=\"c x355 y2d99 wb8 h86\"><div class=\"t m0 x1 h88 y1be8 ff147 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff146\"> </span></div></td><td class=\"c x356 y2d99 w7b h86\"><div class=\"t m0 x106 h87 y1be8 ff148 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff145\"> </span></div></td><td class=\"c x357 y2d99 wb8 h86\"><div class=\"t m0 x1 h88 y1be8 ff147 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff146\"> </span></div></td><td class=\"c x358 y2d99 wae h86\"><div class=\"t m0 x193 h87 y1be8 ff148 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff145\"> </span></div></td><td class=\"c x2ae y2d99 wb9 h86\"><div class=\"t m0 x193 h88 y1be8 ff147 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff146\"> </span></div></td></tr><tr><td class=\"c x24b y2d9a wb6 h86\"><div class=\"t m0 x0 h88 y1c3e ff146 fs3a fc2 sc0 ls22 ws3e\">Goodwill<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x352 y2d9a w20 h86\"><div class=\"t m0 x179 h87 y1c3e ff145 fs3a fc2 sc0 ls23 ws39\">15,628<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x353 y2d9a w5e h86\"><div class=\"t m0 x180 h88 y1c3e ff146 fs3a fc2 sc0 ls20 ws36\">14,253<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x354 y2d9a w20 h86\"><div class=\"t m0 x185 h87 y1c3e ff145 fs3a fc2 sc0 ls21 ws35\">3,79<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x355 y2d9a wb8 h86\"><div class=\"t m0 x182 h88 y1c3e ff146 fs3a fc2 sc0 ls20 ws36\">3,995<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x356 y2d9a w7b h86\"><div class=\"t m0 x106 h87 y1c3e ff148 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff145\"> </span></div></td><td class=\"c x357 y2d9a wb8 h86\"><div class=\"t m0 x1 h88 y1c3e ff147 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff146\"> </span></div></td><td class=\"c x358 y2d9a wae h86\"><div class=\"t m0 x193 h87 y1c3e ff148 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff145\"> </span></div></td><td class=\"c x2ae y2d9a wb9 h86\"><div class=\"t m0 x193 h88 y1c3e ff147 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff146\"> </span></div></td></tr><tr><td class=\"c x24b y2d9b wb6 h8a\"><div class=\"t m0 x0 h88 y1bec ff146 fs3a fc2 sc0 ls2a ws45\">Othe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x352 y2d9b w20 h8a\"><div class=\"t m0 x185 h87 y1bec ff145 fs3a fc2 sc0 ls21 ws35\">2,42<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x353 y2d9b w5e h8a\"><div class=\"t m0 x179 h88 y1bec ff146 fs3a fc2 sc0 ls20 ws36\">1,811<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x354 y2d9b w20 h8a\"><div class=\"t m0 xb6 h87 y1bec ff148 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff145\"> </span></div></td><td class=\"c x355 y2d9b wb8 h8a\"><div class=\"t m0 x1 h88 y1bec ff147 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff146\"> </span></div></td><td class=\"c x356 y2d9b w7b h8a\"><div class=\"t m0 xaf h87 y1bec ff145 fs3a fc2 sc0 ls27 ws3f\">68<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x357 y2d9b wb8 h8a\"><div class=\"t m0 x1be h88 y1bec ff146 fs3a fc2 sc0 ls20 ws36\">69<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x358 y2d9b wbc h8a\"><div class=\"t m0 x182 h87 y1bec ff145 fs3a fc2 sc0 ls21 ws35\">(196)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2d9b wbd h8a\"><div class=\"t m0 x185 h88 y1bec ff146 fs3a fc2 sc0 ls20 ws36\">(193)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d9c wb6 h8b\"><div class=\"t m0 x0 h87 y1e5d ff145 fs3a fc2 sc0 ls22 ws34\">Investm<span class=\"_ _1\"></span>ent in and advanc<span class=\"_ _1\"></span>es to joint v<span class=\"_ _1\"></span>entures<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x352 y2d9c w20 h8b\"><div class=\"t m0 x180 h87 y1e5d ff145 fs3a fc2 sc0 ls21 ws35\">127,<span class=\"_ _2\"></span>296<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x353 y2d9c w5e h8b\"><div class=\"t m0 x17b h88 y1e5d ff146 fs3a fc2 sc0 ls20 ws36\">115,153<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x354 y2d9c w20 h8b\"><div class=\"t m0 x180 h87 y1e5d ff145 fs3a fc2 sc0 ls21 ws35\">116,<span class=\"_ _2\"></span>225<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x355 y2d9c wb8 h8b\"><div class=\"t m0 x210 h88 y1e5d ff146 fs3a fc2 sc0 ls20 ws36\">118,331<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x356 y2d9c w7b h8b\"><div class=\"t m0 x182 h87 y1e5d ff145 fs3a fc2 sc0 ls23 ws39\">23,240<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x357 y2d9c wb8 h8b\"><div class=\"t m0 x18f h88 y1e5d ff146 fs3a fc2 sc0 ls20 ws36\">21,607<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x358 y2d9c wae h8b\"><div class=\"t m0 x180 h87 y1e5d ff145 fs3a fc2 sc0 ls23 ws39\">11,287<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2d9c wb9 h8b\"><div class=\"t m0 x181 h88 y1e5d ff146 fs3a fc2 sc0 ls20 ws36\">10,898<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 h7e ff14b fs39 fc9 sc0 ls46 ws6f gs3a4\">Summ<span class=\"_ _2\"></span>aris<span class=\"_ _2\"></span>ed <span class=\"ls1 ws0\">f<span class=\"ls4a ws76\">inancial </span></span><span class=\"ws92\">inf<span class=\"_ _2\"></span>orma<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>on fo<span class=\"_ _2\"></span>r non<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span>mate<span class=\"_ _2\"></span>rial<span class=\"_ _2\"></span> join<span class=\"_ _2\"></span>t <span class=\"ls72 wsce\">ventures<span class=\"ls1 ws0\"> </span><span class=\"ls30\">and associ<span class=\"_ _2\"></span>ates<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></div><div class=\"t m0 h98 ff14c fs39 fc2 sc0 ls30 ws50 gs3a5\">In agg<span class=\"_ _2\"></span>regate<span class=\"_ _2\"></span>, t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup\u2019s<span class=\"_ _2\"></span> inv<span class=\"_ _2\"></span>est<span class=\"_ _2\"></span>ments<span class=\"_ _2\"></span> in <span class=\"_ _2\"></span>and ad<span class=\"_ _2\"></span>vance<span class=\"_ _2\"></span>s to<span class=\"_ _2\"></span> non<span class=\"_ _2\"></span><span class=\"ff14d ls1 ws0\">-<span class=\"ls2f ws70\">material joint ventu<span class=\"_ _2\"></span>res were <span class=\"_ _2\"></span></span> </span></div><div class=\"t m0 h98 ff14d fs39 fc2 sc0 ls31 ws51 gs3a6\">$97.0 million and $88.6 million<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">for the ye<span class=\"_ _2\"></span>ars ended November 30, 2025 and 2024,<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">respectively<span class=\"ls49 ws78\">, </span>while</span> </span></span></span></div><div class=\"t m0 h98 ff14d fs39 fc2 sc0 ls30 ws50 gs3a7\">the no<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">material associates <span class=\"_ _2\"></span>remained a<span class=\"_ _2\"></span>t $2.6 milli<span class=\"_ _2\"></span>on, for <span class=\"_ _2\"></span></span></span>the<span class=\"_ _2\"></span> two <span class=\"_ _2\"></span>years<span class=\"_ _2\"></span><span class=\"ls5d wsae\">. Th<span class=\"_ _1\"></span>e <span class=\"ls2f ws4e\">tables <span class=\"ls31 ws53\">below </span></span></span></div><div class=\"t m0 h98 ff14d fs39 fc2 sc0 ls30 ws50 gs3a8\">summa<span class=\"_ _2\"></span>rise<span class=\"_ _2\"></span> the f<span class=\"_ _2\"></span>inanc<span class=\"_ _2\"></span>ial <span class=\"_ _2\"></span>inform<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>tion o<span class=\"_ _2\"></span>f th<span class=\"ls4a ws74\">e<span class=\"_ _2\"></span> non<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls53 ws32\">ma<span class=\"_ _2\"></span>terial<span class=\"_ _2\"></span> join<span class=\"_ _2\"></span>t ven<span class=\"_ _2\"></span>tures<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>associa<span class=\"_ _2\"></span>tes:<span class=\"_ _2\"></span><span class=\"ff14e ls1 ws0\"> </span></span></span></span></div><div class=\"gs3a9\"><table class=\"s w151 h145\" id=\"_d9c3cea5-449e-420d-b1b7-f211b7053a01\"><tr><td></td><td class=\"c x28c y2dae w92 h80\"><div class=\"t m0 x17c h82 y1bd2 ff14d fs3b fc2 sc0 ls1 ws32\">For the years ended November 30<span class=\"ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2daf w150 h102\"><div class=\"t m0 x245 h82 y29a6 ff14d fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2b9 h82 y29a7 ff14d fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x2e0 h85 y2db0 ff14b fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"t m0 x2e1 h82 y2db0 ff14d fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2db1 w4d h86\"><div class=\"t m0 x0 h87 y1bda ff14b fs3a fc2 sc0 ls22 ws34\">Joint Ve<span class=\"_ _1\"></span>ntures<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x24b y2db2 w4d h8b\"><div class=\"t m0 x0 h88 y1c05 ff14d fs3a fc2 sc0 ls22 ws37\">Profit b<span class=\"_ _1\"></span>efore taxes<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2db2 w20 h8b\"><div class=\"t m0 x179 h87 y1c05 ff14b fs3a fc2 sc0 ls23 ws39\">15,494<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2db2 w20 h8b\"><div class=\"t m0 x183 h88 y1c05 ff14d fs3a fc2 sc0 ls20 ws36\">16,186<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2db3 w4d h8a\"><div class=\"t m0 x0 h88 y1be6 ff14d fs3a fc2 sc0 ls24 ws3a\">Income tax expense<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2db3 w20 h8a\"><div class=\"t m0 x185 h87 y1be6 ff14b fs3a fc2 sc0 ls21 ws35\">3,71<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2db3 w20 h8a\"><div class=\"t m0 x184 h88 y1be6 ff14d fs3a fc2 sc0 ls20 ws36\">3,151<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2db4 w4d h86\"><div class=\"t m0 x0 h88 y1be4 ff14d fs3a fc2 sc0 ls22 ws37\">Net profit <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2db4 w20 h86\"><div class=\"t m0 x179 h87 y1be4 ff14b fs3a fc2 sc0 ls23 ws39\">11,782<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2db4 w20 h86\"><div class=\"t m0 x183 h88 y1be4 ff14d fs3a fc2 sc0 ls20 ws36\">13,035<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2db5 w4d h86\"><div class=\"t m0 x0 h88 y1c0a ff14d fs3a fc2 sc0 ls24 ws3a\">Other comprehensi<span class=\"ls1f wscf\">ve gain<span class=\"_ _2\"></span> (lo<span class=\"_ _2\"></span>ss)<span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x28c y2db5 w20 h86\"><div class=\"t m0 x185 h87 y1c0a ff14b fs3a fc2 sc0 ls21 ws35\">4,13<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\">  </span></div></td><td class=\"c x24e y2db5 w25 h86\"><div class=\"t m0 x47 h88 y1c0a ff14d fs3a fc2 sc0 ls20 ws36\">(213)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2db6 w4d h8a\"><div class=\"t m0 x0 h87 y1c18 ff14b fs3a fc2 sc0 ls25 ws4d\">Total comprehensive income <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2db6 w20 h8a\"><div class=\"t m0 x179 h87 y1c18 ff14b fs3a fc2 sc0 ls23 ws39\">15,913<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2db6 w20 h8a\"><div class=\"t m0 x183 h88 y1c18 ff14d fs3a fc2 sc0 ls20 ws36\">12,822<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"gs3aa\"><table class=\"s w151 h146\" id=\"_5c26aff6-2779-4566-bed4-f1f369f0649b\"><tr><td></td><td class=\"c x28c y2db7 wbe hda\"><div class=\"t m0 x191 h82 y1f54 ff14d fs3b fc2 sc0 ls1 ws32\">For the years ended November 30<span class=\"ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x24b y2db8 w4d ha3\"><div class=\"t m0 x0 h82 y2306 ff14d fs3b fc2 sc0 ls1 ws0\">(<span class=\"ls2d ws4a\"></span><span class=\"ls2d ws4a\">in</span> <span class=\"ls1c ws30\">US </span>$ thousands) </div></td><td class=\"c x28c y2db8 w20 ha3\"><div class=\"t m0 x177 h85 y2307 ff14b fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2db8 w20 ha3\"><div class=\"t m0 x177 h82 y2307 ff14d fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2db9 w4d h8a\"><div class=\"t m0 x0 h87 y1bec ff14b fs3a fc2 sc0 ls27 ws3f\">Assoc<span class=\"_ _2\"></span>iates<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x24b y2dba w4d h86\"><div class=\"t m0 x0 h88 y1bf4 ff14d fs3a fc2 sc0 ls22 ws37\">Profit b<span class=\"_ _1\"></span>efore taxes<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2dba w20 h86\"><div class=\"t m0 x177 h87 y1bf4 ff14b fs3a fc2 sc0 ls21 ws35\">329<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2dba w20 h86\"><div class=\"t m0 x1a0 h88 y1bf4 ff14d fs3a fc2 sc0 ls20 ws36\">281<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2dbb w4d h86\"><div class=\"t m0 x0 h88 y1bef ff14d fs3a fc2 sc0 ls24 ws3a\">Income t<span class=\"ls26 ws3d\">ax expense</span><span class=\"ls26 ws3d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x28c y2dbb w20 h86\"><div class=\"t m0 x177 h87 y1bef ff14b fs3a fc2 sc0 ls21 ws35\">173<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2dbb w20 h86\"><div class=\"t m0 x1a0 h88 y1bef ff14d fs3a fc2 sc0 ls20 ws36\">150<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2dbc w4d h94\"><div class=\"t m0 x0 h88 y1c41 ff14d fs3a fc2 sc0 ls22 ws37\">Net profit <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2dbc w20 h94\"><div class=\"t m0 x177 h87 y1c41 ff14b fs3a fc2 sc0 ls21 ws35\">156<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2dbc w20 h94\"><div class=\"t m0 x1a0 h88 y1c41 ff14d fs3a fc2 sc0 ls20 ws36\">131<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2dbd w4d h86\"><div class=\"t m0 x0 h88 y1bef ff14d fs3a fc2 sc0 ls22 ws37\">Other comp<span class=\"_ _1\"></span>reh<span class=\"ls1f wscf\">en<span class=\"_ _2\"></span>sive gain</span><span class=\"ls1f wscf\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x28c y2dbd w20 h86\"><div class=\"t m0 x177 h87 y1bef ff14b fs3a fc2 sc0 ls21 ws35\">224<span class=\"ls1 ws0\">  </span></div></td><td class=\"c x24e y2dbd w20 h86\"><div class=\"t m0 x2d h88 y1bef ff14c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff14d\"> </span></div></td></tr><tr><td class=\"c x24b y2dbe w4d h86\"><div class=\"t m0 x0 h87 y1bf8 ff14b fs3a fc2 sc0 ls25 ws4d\">Total comprehensive income <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2dbe w20 h86\"><div class=\"t m0 x177 h87 y1bf8 ff14b fs3a fc2 sc0 ls21 ws35\">380<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2dbe w20 h86\"><div class=\"t m0 x1a0 h88 y1bf8 ff14d fs3a fc2 sc0 ls20 ws36\">131<span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 h7e ff14b fs39 fc9 sc0 ls49 ws78 gs3ab\">Commi<span class=\"_ _2\"></span>tmen<span class=\"_ _2\"></span>ts<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff14d fs39 fc2 sc0 ls30 ws50 gs3ac\">The Gr<span class=\"_ _2\"></span>oup h<span class=\"_ _2\"></span>as <span class=\"ls1 ws0\">a <span class=\"ls6e wsd0\">co<span class=\"_ _1\"></span>mmitment to<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">loan</span> <span class=\"ls48 ws2f\">NYK Stolt <span class=\"_ _2\"></span>Tankers <span class=\"_ _2\"></span>S.A. $</span>3<span class=\"ls48 ws72\">6.0</span> <span class=\"ls2f ws70\">million fo<span class=\"_ _2\"></span>r future depo<span class=\"_ _2\"></span>sits on </span></span></span></span></div><div class=\"t m0 h98 ff14d fs39 fc2 sc0 ls30 ws50 gs3ad\">newbuil<span class=\"_ _2\"></span>ding<span class=\"_ _2\"></span> con<span class=\"_ _2\"></span>tract<span class=\"_ _2\"></span>s at<span class=\"_ _2\"></span> Nove<span class=\"_ _2\"></span>mb<span class=\"_ _2\"></span>er 30<span class=\"_ _2\"></span>, <span class=\"ls31 ws53\">202<span class=\"ls1 ws0\">5.<span class=\"_ _1\"></span> <span class=\"ls30 ws50\">Capital<span class=\"_ _2\"></span> comm<span class=\"_ _2\"></span>itme<span class=\"_ _2\"></span>nts i<span class=\"_ _2\"></span>n joi<span class=\"_ _2\"></span>nt ve<span class=\"_ _2\"></span>nture<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>are i<span class=\"_ _2\"></span>n Not<span class=\"_ _2\"></span>e 27<span class=\"_ _2\"></span>.</span> </span></span></div><div class=\"t m0 h98 ff14d fs39 fc2 sc0 ls30 ws50 gs3ae\">See No<span class=\"_ _2\"></span>te 2<span class=\"_ _2\"></span>8 fo<span class=\"_ _2\"></span>r amo<span class=\"_ _2\"></span>unts<span class=\"_ _2\"></span> due f<span class=\"_ _2\"></span>rom<span class=\"_ _2\"></span> and t<span class=\"_ _2\"></span>o the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up <span class=\"_ _2\"></span>from j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> ve<span class=\"_ _2\"></span>ntures<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> assoc<span class=\"_ _2\"></span>iate<span class=\"_ _2\"></span>s.<span class=\"_ _195\"> </span><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-638": {
   "value": "(i) A<span class=\"_ _2\"></span>ssoc<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>tes<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Associates are those entities over which the <span class=\"_ _2\"></span>Group is able to exercise significa<span class=\"_ _2\"></span>nt influence but <span class=\"ls1 ws0\"> </span>does<span class=\"_ _2\"></span> not <span class=\"_ _2\"></span>cont<span class=\"_ _2\"></span>rol<span class=\"_ _2\"></span> or j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span>ly c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>ol <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>entit<span class=\"_ _2\"></span>ies<span class=\"_ _2\"></span>\u2019 fi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> ope<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ng p<span class=\"_ _2\"></span>olic<span class=\"_ _2\"></span>ies.<span class=\"_ _2\"></span> Sig<span class=\"_ _2\"></span>nif<span class=\"_ _2\"></span>icant<span class=\"_ _2\"></span> inf<span class=\"_ _2\"></span>lue<span class=\"_ _2\"></span>nce i<span class=\"_ _2\"></span>s exercised generall<span class=\"_ _2\"></span>y through dir<span class=\"_ _2\"></span>ect or indir<span class=\"_ _2\"></span>ect ownership of<span class=\"_ _2\"></span> 20% to <span class=\"_ _2\"></span>50% of<span class=\"ls1 ws0\"> <span class=\"ls61 wsac\">the voting rights. </span></span>Such<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">i<span class=\"_ _2\"></span>nve<span class=\"_ _2\"></span>stme<span class=\"_ _2\"></span>nts i<span class=\"_ _2\"></span>n as<span class=\"_ _2\"></span>soci<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>re rec<span class=\"_ _2\"></span>ord<span class=\"_ _2\"></span>ed i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he C<span class=\"_ _2\"></span>onsoli<span class=\"_ _2\"></span>dat<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>Fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al S<span class=\"_ _2\"></span>tate<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>using<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> </span></span>equity met<span class=\"_ _2\"></span>hod and<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">are</span> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">i<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>all<span class=\"_ _2\"></span>y re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>nised<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> cos<span class=\"_ _2\"></span>t. T<span class=\"_ _2\"></span>he<span class=\"ls1 ws0\"> </span>Cons<span class=\"_ _2\"></span>olid<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>d Fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al S<span class=\"_ _2\"></span>tat<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>ude<span class=\"_ _2\"></span> the </span></span>Group<span class=\"_ _2\"></span>\u2019s <span class=\"_ _2\"></span>shar<span class=\"_ _2\"></span>e o<span class=\"ff122\">f<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e tot<span class=\"_ _2\"></span>al c<span class=\"_ _2\"></span>omp<span class=\"_ _2\"></span>rehe<span class=\"_ _2\"></span>nsi<span class=\"_ _2\"></span>ve inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> of<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">assoc<span class=\"_ _2\"></span>iates ba<span class=\"_ _2\"></span>sed on t<span class=\"_ _2\"></span>he equit<span class=\"_ _2\"></span>y method <span class=\"_ _2\"></span></span> </span></span>of ac<span class=\"_ _2\"></span>count<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span>, fr<span class=\"_ _2\"></span>om t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> date<span class=\"_ _2\"></span> tha<span class=\"_ _2\"></span>t s<span class=\"_ _2\"></span>ignif<span class=\"_ _2\"></span>ic<span class=\"_ _2\"></span>ant i<span class=\"_ _2\"></span>nfl<span class=\"_ _2\"></span>uence<span class=\"_ _2\"></span> beg<span class=\"_ _2\"></span>ins<span class=\"_ _2\"></span> unti<span class=\"_ _2\"></span>l t<span class=\"_ _2\"></span>he d<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> sig<span class=\"_ _2\"></span>nif<span class=\"_ _2\"></span>ic<span class=\"_ _2\"></span>ant <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>infl<span class=\"_ _2\"></span>uence<span class=\"_ _2\"></span> ce<span class=\"_ _2\"></span>ases.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Investment<span class=\"_ _2\"></span>s in a<span class=\"_ _2\"></span>ssociates<span class=\"_ _2\"></span> are ca<span class=\"_ _2\"></span>rried i<span class=\"_ _2\"></span>n the bal<span class=\"_ _2\"></span>ance s<span class=\"_ _2\"></span>heet at co<span class=\"_ _2\"></span>st as ad<span class=\"_ _2\"></span>justed by p<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls49 ws78\">acquisi<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n </span></span>chang<span class=\"_ _2\"></span>es i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup<span class=\"_ _2\"></span>\u2019s <span class=\"_ _2\"></span>share<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>net<span class=\"_ _2\"></span> asse<span class=\"_ _2\"></span>ts of<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e as<span class=\"_ _2\"></span>soci<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>, le<span class=\"_ _2\"></span>ss <span class=\"_ _2\"></span>any i<span class=\"_ _2\"></span>mpai<span class=\"_ _2\"></span>rme<span class=\"_ _2\"></span>nt i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he v<span class=\"_ _2\"></span>alue o<span class=\"_ _2\"></span>f indivi<span class=\"_ _2\"></span>du<span class=\"_ _2\"></span>al i<span class=\"_ _2\"></span>nves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nts.<span class=\"_ _2\"></span> Whe<span class=\"_ _2\"></span>re ne<span class=\"_ _2\"></span>ces<span class=\"_ _2\"></span>sary<span class=\"_ _2\"></span>, ad<span class=\"_ _2\"></span>justm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e ma<span class=\"_ _2\"></span>d<span class=\"ls48 ws32\">e t<span class=\"_ _2\"></span>o the <span class=\"ls1 ws0\">F</span></span><span class=\"ws78\">ina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al </span>Statem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> associates to bring the accounting policies used into li<span class=\"_ _2\"></span>ne with those used by the<span class=\"_ _2\"></span> Group.<span class=\"ls1 ws0\"> </span>When<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Gro<span class=\"_ _2\"></span>up\u2019s<span class=\"_ _2\"></span> sha<span class=\"_ _2\"></span>re <span class=\"_ _2\"></span>of lo<span class=\"_ _2\"></span>sses<span class=\"_ _2\"></span> exce<span class=\"_ _2\"></span>eds<span class=\"_ _2\"></span> its<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st i<span class=\"_ _2\"></span>n an<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>oci<span class=\"_ _2\"></span>ate, t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s carr<span class=\"_ _2\"></span>yi<span class=\"_ _2\"></span>ng am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> reduced to nil and recognition of<span class=\"ls1 ws0\"> <span class=\"ls73 wsb6\">fu<span class=\"_ _1\"></span>rth<span class=\"_ _1\"></span>er lo<span class=\"_ _1\"></span>sses<span class=\"_ _1\"></span> is<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">di<span class=\"_ _2\"></span>sco<span class=\"_ _2\"></span>nti<span class=\"_ _2\"></span>nued e<span class=\"_ _2\"></span>xc<span class=\"_ _2\"></span>ept<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he ext<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>hat t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> h<span class=\"_ _2\"></span>as </span></span></span></span>incu<span class=\"_ _2\"></span>rred<span class=\"_ _2\"></span> leg<span class=\"_ _2\"></span>al o<span class=\"_ _2\"></span>r co<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ucti<span class=\"_ _2\"></span>ve <span class=\"_ _2\"></span>obli<span class=\"_ _2\"></span>gati<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span> or m<span class=\"_ _2\"></span>ade<span class=\"_ _2\"></span> pay<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s on<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws7c\">behalf o<span class=\"_ _2\"></span>f an<span class=\"ls1 ws0\"> </span><span class=\"ws78\">assoc<span class=\"_ _2\"></span>iat<span class=\"_ _2\"></span>e.<span class=\"_ _195\"> </span></span></span><table class=\"s w14c h13f\" id=\"_d8b38c00-cd6e-45d0-91cf-651a4d1de876\"><tr><td></td><td></td><td class=\"t m0 x323 h82 y2d42 ff12c fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"t m0 x324 h82 y2d42 ff12c fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"c x2a1 y2d43 w97 h80\"><div class=\"t m0 x184 h82 y1bd2 ff12c fs3b fc2 sc0 ls2d ws4a\">As<span class=\"ls1 ws0\"> of November <span class=\"ls1b ws2f\">30</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2d44 w14a h102\"><div class=\"t m0 x245 h82 y29a6 ff12c fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2a3 h82 y29a7 ff12c fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x326 y2d44 w186 h140\"><div class=\"t m0 x245 h82 y29a6 ff12c fs3b fc2 sc0 ls1 ws0\">Location</div><div class=\"t m0 x325 hd0 y2d45 ff12c fs42 fc2 sc0 ls1 ws0\">1<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x327 h82 y2d46 ff12c fs3b fc2 sc0 ls1 ws0\">% Shares<span class=\"_ _195\"> </span></td><td class=\"t m0 x2ac h82 y2d46 ff12c fs3b fc2 sc0 ls1 ws0\">% Voting r<span class=\"ls39 ws5f\">ights<span class=\"_ _195\"> </span></span></td><td class=\"t m0 x2db h85 y2d46 ff12d fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"t m0 x307 h82 y2d46 ff12c fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2d47 w95 hd4\"><div class=\"t m0 x0 h88 y1bf1 ff12c fs3a fc2 sc0 ls22 ws3e\">Non<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2e ws4c\">material asso<span class=\"_ _2\"></span>ciates:</span></span><span class=\"ls1 ws0\"><span class=\"ls2e ws4c\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2d48 w95 h89\"><div class=\"t m0 x19a h88 y1bef ff12c fs3a fc2 sc0 ls24 ws3a\">Brovig SS II Indre Selskap<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x328 y2d48 w96 h89\"><div class=\"t m0 x0 h88 y1bef ff12c fs3a fc2 sc0 ls22 ws3e\">Norway<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x329 y2d48 w34 h89\"><div class=\"t m0 x193 h88 y1bef ff12c fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d48 w20 h89\"><div class=\"t m0 x193 h88 y1bef ff12c fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d48 w20 h89\"><div class=\"t m0 x2d h87 y1bef ff12e fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff12d\"> </span></div></td><td class=\"c x2fa y2d48 w34 h89\"><div class=\"t m0 x193 h88 y1bef ff12c fs3a fc2 sc0 ls20 ws36\">31<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d49 w95 h86\"><div class=\"t m0 x19a h88 y1bf4 ff12c fs3a fc2 sc0 ls22 ws37\">Essberg<span class=\"_ _1\"></span>er &amp; Stolt Tankers GMb<span class=\"_ _1\"></span>H &amp; C<span class=\"_ _2\"></span>o KG<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x328 y2d49 w96 h86\"><div class=\"t m0 x0 h88 y1bf4 ff12c fs3a fc2 sc0 ls24 ws3b\">Germany<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x329 y2d49 w34 h86\"><div class=\"t m0 x193 h88 y1bf4 ff12c fs3a fc2 sc0 ls20 ws36\">28<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d49 w20 h86\"><div class=\"t m0 x193 h88 y1bf4 ff12c fs3a fc2 sc0 ls20 ws36\">28<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d49 w20 h86\"><div class=\"t m0 x177 h87 y1bf4 ff12d fs3a fc2 sc0 ls21 ws35\">164<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d49 w34 h86\"><div class=\"t m0 x1a0 h88 y1bf4 ff12c fs3a fc2 sc0 ls20 ws36\">164<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d4a w95 h8c\"><div class=\"t m0 x19a h88 y1c3f ff12c fs3a fc2 sc0 ls23 ws4b\">N.C. Stolt T<span class=\"_ _1\"></span>ransportation<span class=\"_ _1\"></span> Services Co.<span class=\"_ _1\"></span> Ltd<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x328 y2d4a w96 h8c\"><div class=\"t m0 x0 h88 y1c3f ff12c fs3a fc2 sc0 ls2e ws5c\">Japan<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x329 y2d4a w34 h8c\"><div class=\"t m0 x193 h88 y1c3f ff12c fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d4a w20 h8c\"><div class=\"t m0 x193 h88 y1c3f ff12c fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d4a w20 h8c\"><div class=\"t m0 x185 h87 y1c3f ff12d fs3a fc2 sc0 ls21 ws35\">1,32<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d4a w34 h8c\"><div class=\"t m0 x184 h88 y1c3f ff12c fs3a fc2 sc0 ls20 ws36\">1,226<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d4b w95 h86\"><div class=\"t m0 x19a h88 y1bf8 ff12c fs3a fc2 sc0 ls22 ws37\">Nortermi<span class=\"_ _1\"></span>nal A.S.<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x328 y2d4b w96 h86\"><div class=\"t m0 x0 h88 y1bf8 ff12c fs3a fc2 sc0 ls22 ws3e\">Norway<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x329 y2d4b w34 h86\"><div class=\"t m0 x193 h88 y1bf8 ff12c fs3a fc2 sc0 ls20 ws36\">25<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d4b w20 h86\"><div class=\"t m0 x193 h88 y1bf8 ff12c fs3a fc2 sc0 ls20 ws36\">25<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d4b w20 h86\"><div class=\"t m0 x177 h87 y1bf8 ff12d fs3a fc2 sc0 ls21 ws35\">660<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d4b w34 h86\"><div class=\"t m0 x1a0 h88 y1bf8 ff12c fs3a fc2 sc0 ls20 ws36\">648<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d4c w95 h89\"><div class=\"t m0 x19a h88 y1bfa ff12c fs3a fc2 sc0 ls23 ws4b\">N.C. Stolt Ch<span class=\"_ _1\"></span>uyko Transp<span class=\"_ _1\"></span>ortation Serv<span class=\"_ _1\"></span>ices Co. Ltd<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x328 y2d4c w96 h89\"><div class=\"t m0 x0 h88 y1bfa ff12c fs3a fc2 sc0 ls2e ws5c\">Japan<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x329 y2d4c w34 h89\"><div class=\"t m0 x193 h88 y1bfa ff12c fs3a fc2 sc0 ls20 ws36\">35<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d4c w20 h89\"><div class=\"t m0 x193 h88 y1bfa ff12c fs3a fc2 sc0 ls20 ws36\">35<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d4c w20 h89\"><div class=\"t m0 x177 h87 y1bfa ff12d fs3a fc2 sc0 ls21 ws35\">488<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d4c w34 h89\"><div class=\"t m0 x1a0 h88 y1bfa ff12c fs3a fc2 sc0 ls20 ws36\">486<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d4d w95 ha4\"><div class=\"t m0 x0 h87 y1c4d ff12d fs3a fc2 sc0 ls37 ws5d\">Subtotal<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td class=\"c x2a1 y2d4d w20 ha4\"><div class=\"t m0 x185 h87 y1c4d ff12d fs3a fc2 sc0 ls21 ws35\">2,63<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d4d w34 ha4\"><div class=\"t m0 x184 h88 y1c4d ff12c fs3a fc2 sc0 ls20 ws36\">2,555<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x2a1 y2d4e w20 h86\"><div class=\"t m0 x180 h87 y1bde ff12d fs3a fc2 sc0 ls21 ws35\">627,<span class=\"_ _2\"></span>377<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d4e w34 h86\"><div class=\"t m0 x181 h88 y1bde ff12c fs3a fc2 sc0 ls20 ws36\">719,563<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table><table class=\"s w146 h13e\" id=\"_f18ff082-fad8-4007-9387-96e7f51df934\"><tr><td class=\"c x24b y2d26 w98 hb9\"><div class=\"t m0 x0 h82 y1c42 ff12c fs3b fc2 sc0 ls1 ws0\">(<span class=\"ls2d ws4a\"></span><span class=\"ls2d ws4a\">in</span> <span class=\"ls1c ws30\">US </span>$ thousands) </div></td><td class=\"c x2fb y2d26 w48 hb9\"><div class=\"t m0 x17c h82 y1e7e ff12c fs3b fc2 sc0 ls1 ws0\">Joint ventures </div></td><td class=\"c x2f9 y2d26 w20 hb9\"><div class=\"t m0 x181 h82 y1e7e ff12c fs3b fc2 sc0 ls82 wscd\">Assoc<span class=\"_ _2\"></span>iates<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d26 w2a hb9\"><div class=\"t m0 x177 h82 y1e7e ff12c fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2d27 w98 h86\"><div class=\"t m0 x0 h87 y1bfa ff12d fs3a fc2 sc0 ls2e ws5c\">Balance, <span class=\"ls1f ws3e\">December 1<span class=\"ls21 ws3b\">, 20<span class=\"ls66 ws9d\">23</span></span></span><span class=\"ls1f ws3e\"><span class=\"ls21 ws3b\"><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></span></span></div></td><td class=\"c x2fb y2d27 w48 h86\"><div class=\"t m0 x180 h87 y1bfa ff12d fs3a fc2 sc0 ls21 ws35\">640,<span class=\"_ _2\"></span>576<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d27 w20 h86\"><div class=\"t m0 x185 h87 y1bfa ff12d fs3a fc2 sc0 ls21 ws35\">9,58<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d27 w2a h86\"><div class=\"t m0 x180 h87 y1bfa ff12d fs3a fc2 sc0 ls21 ws35\">650,<span class=\"_ _2\"></span>163<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d28 w98 h86\"><div class=\"t m0 x0 h88 y1bf8 ff12c fs3a fc2 sc0 ls22 ws37\">Share of p<span class=\"_ _1\"></span>rofit of joint ventures and associa<span class=\"_ _1\"></span>tes<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d28 w48 h86\"><div class=\"t m0 x183 h88 y1bf8 ff12c fs3a fc2 sc0 ls20 ws36\">62,646<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d28 w20 h86\"><div class=\"t m0 x1a0 h88 y1bf8 ff12c fs3a fc2 sc0 ls20 ws36\">112<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d28 w2a h86\"><div class=\"t m0 x183 h88 y1bf8 ff12c fs3a fc2 sc0 ls20 ws36\">62,758<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d29 w98 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff12c fs3a fc2 sc0 ls29 ws44\">Dividends <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d29 w25 h8a\"><div class=\"t m0 x187 h88 y1bf6 ff12c fs3a fc2 sc0 ls20 ws36\">(48,288)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d29 w24 h8a\"><div class=\"t m0 x186 h88 y1bf6 ff12c fs3a fc2 sc0 ls20 ws36\">(5,520)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x319 y2d2a w181 hfa\"><div class=\"t m0 x245 h88 y2933 ff12c fs3a fc2 sc0 ls20 ws36\">(53,808<span class=\"_ _195\"> </span></div><div class=\"t m0 x318 h88 y2933 ff12c fs3a fc2 sc0 ls1 ws0\">)<span class=\"_ _195\"> </span></div></td></tr><tr><td class=\"c x24b y2d2b w98 ha1\"><div class=\"t m0 x0 h88 y1bf8 ff12c fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d2b w25 ha1\"><div class=\"t m0 x187 h88 y1bf8 ff12c fs3a fc2 sc0 ls20 ws36\">(12,193)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d2b w24 ha1\"><div class=\"t m0 x171 h88 y1bf8 ff12c fs3a fc2 sc0 ls20 ws36\">(30)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x319 y2d2c w181 hfa\"><div class=\"t m0 x245 h88 y2933 ff12c fs3a fc2 sc0 ls20 ws36\">(12,223<span class=\"_ _195\"> </span></div><div class=\"t m0 x318 h88 y2933 ff12c fs3a fc2 sc0 ls1 ws0\">)<span class=\"_ _195\"> </span></div></td></tr><tr><td class=\"c x24b y2d2d w98 h89\"><div class=\"t m0 x0 h88 y1bde ff12c fs3a fc2 sc0 ls22 ws3e\">Net<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls29 ws44\">loss<span class=\"ls1 ws0\"> <span class=\"ls24 ws3a\">on cash flow hedges held by joint <span class=\"_ _2\"></span>ventures</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls29 ws44\"><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"> </span> </span></span></span></div></td><td class=\"c x2fb y2d2d w25 h89\"><div class=\"t m0 x186 h88 y1bde ff12c fs3a fc2 sc0 ls20 ws36\">(2,273)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d2d w20 h89\"><div class=\"t m0 x2d h88 y1bde ff130 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff12c\"> </span></div></td><td class=\"c x31b y2d2e w182 hfa\"><div class=\"t m0 x245 h88 y2933 ff12c fs3a fc2 sc0 ls20 ws36\">(2,273<span class=\"_ _195\"> </span></div><div class=\"t m0 x31a h88 y2933 ff12c fs3a fc2 sc0 ls1 ws0\">)<span class=\"_ _195\"> </span></div></td></tr><tr><td class=\"c x24b y2d2f w98 h8c\"><div class=\"t m0 x0 h88 y1be0 ff12c fs3a fc2 sc0 ls24 ws3a\">Advances to joint ventures, net<span class=\"ls1 ws0\"> </span>of repayments<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d2f w48 h8c\"><div class=\"t m0 x183 h88 y1be0 ff12c fs3a fc2 sc0 ls20 ws36\">59,108<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d2f w20 h8c\"><div class=\"t m0 x2d h88 y1be0 ff130 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff12c\"> </span></div></td><td class=\"c x2fa y2d2f w2a h8c\"><div class=\"t m0 x183 h88 y1be0 ff12c fs3a fc2 sc0 ls20 ws36\">59,108<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d30 w98 h86\"><div class=\"t m0 x0 h88 y1bda ff12c fs3a fc2 sc0 ls2e ws4c\">Net act<span class=\"_ _2\"></span>uarial <span class=\"ls1f ws43\">gain<span class=\"ls1 ws0\"> <span class=\"ls24 ws3a\">on pension schemes held by <span class=\"_ _2\"></span>joint venture</span></span></span><span class=\"ls1f ws43\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2fb y2d30 w48 h86\"><div class=\"t m0 x1a0 h88 y1bda ff12c fs3a fc2 sc0 ls20 ws36\">531<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d30 w20 h86\"><div class=\"t m0 x2d h88 y1bda ff130 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff12c\"> </span></div></td><td class=\"c x2fa y2d30 w2a h86\"><div class=\"t m0 x1a0 h88 y1bda ff12c fs3a fc2 sc0 ls20 ws36\">531<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d31 w98 h86\"><div class=\"t m0 x0 h88 y1c05 ff12c fs3a fc2 sc0 ls24 ws3a\">Investment in joint venture<span class=\"ls1 ws0\"> <span class=\"ls2e ws4c\">and associat<span class=\"_ _2\"></span>e</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d31 w48 h86\"><div class=\"t m0 x183 h88 y1c05 ff12c fs3a fc2 sc0 ls20 ws36\">14,520<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d31 w20 h86\"><div class=\"t m0 x2d h88 y1c05 ff130 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff12c\"> </span></div></td><td class=\"c x2fa y2d31 w2a h86\"><div class=\"t m0 x183 h88 y1c05 ff12c fs3a fc2 sc0 ls20 ws36\">14,520<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d32 w98 h8a\"><div class=\"t m0 x0 h88 y1c03 ff12c fs3a fc2 sc0 ls20 ws36\">Transfer<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d32 w48 h8a\"><div class=\"t m0 x184 h88 y1c03 ff12c fs3a fc2 sc0 ls20 ws36\">1,245<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d32 w24 h8a\"><div class=\"t m0 x186 h88 y1c03 ff12c fs3a fc2 sc0 ls20 ws36\">(1,245)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d32 w2a h8a\"><div class=\"t m0 x2d h88 y1c03 ff130 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff12c\"> </span></div></td></tr><tr><td class=\"c x24b y2d33 w98 h86\"><div class=\"t m0 x0 h88 y1be4 ff12c fs3a fc2 sc0 ls2a ws45\">Othe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d33 w48 h86\"><div class=\"t m0 x184 h88 y1be4 ff12c fs3a fc2 sc0 ls20 ws36\">1,136<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d33 w24 h86\"><div class=\"t m0 x47 h88 y1be4 ff12c fs3a fc2 sc0 ls20 ws36\">(349)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d33 w2a h86\"><div class=\"t m0 x1a0 h88 y1be4 ff12c fs3a fc2 sc0 ls20 ws36\">787<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x246 y2d35 w183 hfb\"><div class=\"t m0 x245 h87 y2d34 ff12d fs3a fc2 sc0 ls21 ws38\">Bala<span class=\"_ _2\"></span>nce, N<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 30, 20<span class=\"_ _195\"> </span></div><div class=\"t m0 x31c h87 y2d34 ff12d fs3a fc2 sc0 ls66 ws9d\">24<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x31d h87 y2d36 ff12d fs3a fc2 sc0 ls21 ws35\">717,<span class=\"_ _2\"></span>008<span class=\"_ _195\"> </span></td><td class=\"t m0 x31e h87 y2d36 ff12d fs3a fc2 sc0 ls21 ws35\">2,55<span class=\"_ _2\"></span>5<span class=\"_ _195\"> </span></td><td class=\"t m0 x281 h87 y2d36 ff12d fs3a fc2 sc0 ls21 ws35\">719,<span class=\"_ _2\"></span>563<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2d37 w98 h8c\"><div class=\"t m0 x0 h88 y1c18 ff12c fs3a fc2 sc0 ls22 ws37\">Share of p<span class=\"_ _1\"></span>rofit of joint ventures and associa<span class=\"_ _1\"></span>tes<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d37 w48 h8c\"><div class=\"t m0 x183 h88 y1c18 ff12c fs3a fc2 sc0 ls20 ws36\">43,311<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d37 w20 h8c\"><div class=\"t m0 x1a0 h88 y1c18 ff12c fs3a fc2 sc0 ls20 ws36\">200<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d37 w2a h8c\"><div class=\"t m0 x183 h88 y1c18 ff12c fs3a fc2 sc0 ls20 ws36\">43,511<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d38 w98 h86\"><div class=\"t m0 x0 h88 y1bea ff12c fs3a fc2 sc0 ls29 ws44\">Dividends <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d38 w25 h86\"><div class=\"t m0 x187 h88 y1bea ff12c fs3a fc2 sc0 ls20 ws36\">(33,352)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d38 w20 h86\"><div class=\"t m0 x2d h88 y1bea ff130 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff12c\"> <span class=\"_ _3\"></span> </span></div></td><td class=\"c x319 y2d39 w181 hfb\"><div class=\"t m0 x245 h88 y29ed ff12c fs3a fc2 sc0 ls20 ws36\">(33,352<span class=\"_ _195\"> </span></div><div class=\"t m0 x318 h88 y29ed ff12c fs3a fc2 sc0 ls1 ws0\">)<span class=\"_ _195\"> </span></div></td></tr><tr><td class=\"c x24b y2d3a w98 h86\"><div class=\"t m0 x0 h88 y1c3b ff12c fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d3a w48 h86\"><div class=\"t m0 x183 h88 y1c3b ff12c fs3a fc2 sc0 ls20 ws36\">10,590<span class=\"ls1 ws0\">  </span></div></td><td class=\"c x2f9 y2d3a w24 h86\"><div class=\"t m0 x171 h88 y1c3b ff12c fs3a fc2 sc0 ls20 ws36\">(23)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d3a w2a h86\"><div class=\"t m0 x183 h88 y1c3b ff12c fs3a fc2 sc0 ls20 ws36\">10,567<span class=\"ls1 ws0\">  </span></div></td></tr><tr><td class=\"c x24b y2d3b w98 h94\"><div class=\"t m0 x0 h88 y1c81 ff12c fs3a fc2 sc0 ls22 ws3e\">Net<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls29 ws44\">loss<span class=\"ls1 ws0\"> <span class=\"ls24 ws3a\">on cash flow hedges held by joint <span class=\"_ _2\"></span>ventures</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls29 ws44\"><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"> </span> </span></span></span></div></td><td class=\"c x2fb y2d3b w25 h94\"><div class=\"t m0 x186 h88 y1c81 ff12c fs3a fc2 sc0 ls20 ws36\">(3,950)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d3b w20 h94\"><div class=\"t m0 x2d h88 y1c81 ff130 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff12c\"> <span class=\"_ _3\"></span> </span></div></td><td class=\"c x320 y2d3c w184 hfb\"><div class=\"t m0 x245 h88 y29ed ff12c fs3a fc2 sc0 ls20 ws36\">(3,950<span class=\"_ _195\"> </span></div><div class=\"t m0 x31f h88 y29ed ff12c fs3a fc2 sc0 ls1 ws0\">)<span class=\"_ _195\"> </span></div></td></tr><tr><td class=\"c x24b y2d3d w98 h86\"><div class=\"t m0 x0 h88 y1be8 ff12c fs3a fc2 sc0 ls24 ws3a\">Advances to joint ventures, net<span class=\"ls1 ws0\"> </span>of repayments<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d3d w48 h86\"><div class=\"t m0 x183 h88 y1be8 ff12c fs3a fc2 sc0 ls20 ws36\">20,260<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d3d w20 h86\"><div class=\"t m0 x2d h88 y1be8 ff130 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff12c\"> </span></div></td><td class=\"c x2fa y2d3d w2a h86\"><div class=\"t m0 x183 h88 y1be8 ff12c fs3a fc2 sc0 ls20 ws36\">20,260<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d3e w98 h86\"><div class=\"t m0 x0 h88 y1bf4 ff12c fs3a fc2 sc0 ls24 ws3a\">Investment in joint venture<span class=\"ls1 ws0\"> <span class=\"ls2e ws4c\">and associat<span class=\"_ _2\"></span>e</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d3e w48 h86\"><div class=\"t m0 x184 h88 y1bf4 ff12c fs3a fc2 sc0 ls20 ws36\">6,600<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d3e w20 h86\"><div class=\"t m0 x2d h88 y1bf4 ff130 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff12c\"> </span></div></td><td class=\"c x2fa y2d3e w2a h86\"><div class=\"t m0 x184 h88 y1bf4 ff12c fs3a fc2 sc0 ls20 ws36\">6,600<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c67 w98 h8a\"><div class=\"t m0 x0 h88 y1c3f ff12c fs3a fc2 sc0 ls24 ws3a\">Consolidation of HS4 and Avenir sub<span class=\"_ _2\"></span>sequent to acquiring remaining shares<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c67 w25 h8a\"><div class=\"t m0 x17f h88 y1c3f ff12c fs3a fc2 sc0 ls20 ws36\">(136,489)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c67 w20 h8a\"><div class=\"t m0 x2d h88 y1c3f ff130 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff12c\"> </span></div></td><td class=\"c x322 y2d3f w185 hfb\"><div class=\"t m0 x245 h88 y29ed ff12c fs3a fc2 sc0 ls20 ws36\">(136,489<span class=\"_ _195\"> </span></div><div class=\"t m0 x321 h88 y29ed ff12c fs3a fc2 sc0 ls1 ws0\">)<span class=\"_ _195\"> </span></div></td></tr><tr><td class=\"c x24b y2d40 w98 h86\"><div class=\"t m0 x0 h88 y1bf4 ff12c fs3a fc2 sc0 ls2a ws45\">Othe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d40 w48 h86\"><div class=\"t m0 x1a0 h88 y1bf4 ff12c fs3a fc2 sc0 ls20 ws36\">761<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d40 w24 h86\"><div class=\"t m0 x171 h88 y1bf4 ff12c fs3a fc2 sc0 ls20 ws36\">(94)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d40 w2a h86\"><div class=\"t m0 x1a0 h88 y1bf4 ff12c fs3a fc2 sc0 ls20 ws36\">667<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d41 w98 h86\"><div class=\"t m0 x0 h87 y1bef ff12d fs3a fc2 sc0 ls21 ws38\">Bala<span class=\"_ _2\"></span>nce, N<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 30, 20<span class=\"_ _2\"></span><span class=\"ls66 ws9d\">25</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2fb y2d41 w48 h86\"><div class=\"t m0 x180 h87 y1bef ff12d fs3a fc2 sc0 ls21 ws35\">624,<span class=\"_ _2\"></span>739<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d41 w20 h86\"><div class=\"t m0 x185 h87 y1bef ff12d fs3a fc2 sc0 ls21 ws35\">2,63<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d41 w2a h86\"><div class=\"t m0 x180 h87 y1bef ff12d fs3a fc2 sc0 ls21 ws35\">627,<span class=\"_ _2\"></span>377<span class=\"ls1 ws0\"> </span></div></td></tr></table>In agg<span class=\"_ _2\"></span>regate<span class=\"_ _2\"></span>, t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup\u2019s<span class=\"_ _2\"></span> inv<span class=\"_ _2\"></span>est<span class=\"_ _2\"></span>ments<span class=\"_ _2\"></span> in <span class=\"_ _2\"></span>and ad<span class=\"_ _2\"></span>vance<span class=\"_ _2\"></span>s to<span class=\"_ _2\"></span> non<span class=\"_ _2\"></span><span class=\"ff14d ls1 ws0\">-<span class=\"ls2f ws70\">material joint ventu<span class=\"_ _2\"></span>res were <span class=\"_ _2\"></span></span> </span>$97.0 million and $88.6 million<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">for the ye<span class=\"_ _2\"></span>ars ended November 30, 2025 and 2024,<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">respectively<span class=\"ls49 ws78\">, </span>while</span> </span></span></span>the no<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">material associates <span class=\"_ _2\"></span>remained a<span class=\"_ _2\"></span>t $2.6 milli<span class=\"_ _2\"></span>on, for <span class=\"_ _2\"></span></span></span>the<span class=\"_ _2\"></span> two <span class=\"_ _2\"></span>years<span class=\"_ _2\"></span><span class=\"ls5d wsae\">. Th<span class=\"_ _1\"></span>e <span class=\"ls2f ws4e\">tables <span class=\"ls31 ws53\">below </span></span></span>summa<span class=\"_ _2\"></span>rise<span class=\"_ _2\"></span> the f<span class=\"_ _2\"></span>inanc<span class=\"_ _2\"></span>ial <span class=\"_ _2\"></span>inform<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>tion o<span class=\"_ _2\"></span>f th<span class=\"ls4a ws74\">e<span class=\"_ _2\"></span> non<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls53 ws32\">ma<span class=\"_ _2\"></span>terial<span class=\"_ _2\"></span> join<span class=\"_ _2\"></span>t ven<span class=\"_ _2\"></span>tures<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>associa<span class=\"_ _2\"></span>tes:<span class=\"_ _2\"></span><span class=\"ff14e ls1 ws0\"> </span></span></span></span><table class=\"s w151 h146\" id=\"_5c26aff6-2779-4566-bed4-f1f369f0649b\"><tr><td></td><td class=\"c x28c y2db7 wbe hda\"><div class=\"t m0 x191 h82 y1f54 ff14d fs3b fc2 sc0 ls1 ws32\">For the years ended November 30<span class=\"ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x24b y2db8 w4d ha3\"><div class=\"t m0 x0 h82 y2306 ff14d fs3b fc2 sc0 ls1 ws0\">(<span class=\"ls2d ws4a\"></span><span class=\"ls2d ws4a\">in</span> <span class=\"ls1c ws30\">US </span>$ thousands) </div></td><td class=\"c x28c y2db8 w20 ha3\"><div class=\"t m0 x177 h85 y2307 ff14b fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2db8 w20 ha3\"><div class=\"t m0 x177 h82 y2307 ff14d fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2db9 w4d h8a\"><div class=\"t m0 x0 h87 y1bec ff14b fs3a fc2 sc0 ls27 ws3f\">Assoc<span class=\"_ _2\"></span>iates<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x24b y2dba w4d h86\"><div class=\"t m0 x0 h88 y1bf4 ff14d fs3a fc2 sc0 ls22 ws37\">Profit b<span class=\"_ _1\"></span>efore taxes<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2dba w20 h86\"><div class=\"t m0 x177 h87 y1bf4 ff14b fs3a fc2 sc0 ls21 ws35\">329<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2dba w20 h86\"><div class=\"t m0 x1a0 h88 y1bf4 ff14d fs3a fc2 sc0 ls20 ws36\">281<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2dbb w4d h86\"><div class=\"t m0 x0 h88 y1bef ff14d fs3a fc2 sc0 ls24 ws3a\">Income t<span class=\"ls26 ws3d\">ax expense</span><span class=\"ls26 ws3d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x28c y2dbb w20 h86\"><div class=\"t m0 x177 h87 y1bef ff14b fs3a fc2 sc0 ls21 ws35\">173<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2dbb w20 h86\"><div class=\"t m0 x1a0 h88 y1bef ff14d fs3a fc2 sc0 ls20 ws36\">150<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2dbc w4d h94\"><div class=\"t m0 x0 h88 y1c41 ff14d fs3a fc2 sc0 ls22 ws37\">Net profit <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2dbc w20 h94\"><div class=\"t m0 x177 h87 y1c41 ff14b fs3a fc2 sc0 ls21 ws35\">156<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2dbc w20 h94\"><div class=\"t m0 x1a0 h88 y1c41 ff14d fs3a fc2 sc0 ls20 ws36\">131<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2dbd w4d h86\"><div class=\"t m0 x0 h88 y1bef ff14d fs3a fc2 sc0 ls22 ws37\">Other comp<span class=\"_ _1\"></span>reh<span class=\"ls1f wscf\">en<span class=\"_ _2\"></span>sive gain</span><span class=\"ls1f wscf\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x28c y2dbd w20 h86\"><div class=\"t m0 x177 h87 y1bef ff14b fs3a fc2 sc0 ls21 ws35\">224<span class=\"ls1 ws0\">  </span></div></td><td class=\"c x24e y2dbd w20 h86\"><div class=\"t m0 x2d h88 y1bef ff14c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff14d\"> </span></div></td></tr><tr><td class=\"c x24b y2dbe w4d h86\"><div class=\"t m0 x0 h87 y1bf8 ff14b fs3a fc2 sc0 ls25 ws4d\">Total comprehensive income <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2dbe w20 h86\"><div class=\"t m0 x177 h87 y1bf8 ff14b fs3a fc2 sc0 ls21 ws35\">380<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2dbe w20 h86\"><div class=\"t m0 x1a0 h88 y1bf8 ff14d fs3a fc2 sc0 ls20 ws36\">131<span class=\"ls1 ws0\"> </span></div></td></tr></table>November 30<span class=\"_ _2\"></span>, 20<span class=\"ls1b ws2f\">25</span><span class=\"ls1b ws2f\"><span class=\"ls1 ws0\"> </span></span>November 30, 20<span class=\"ls78 wsbd\">24</span><span class=\"ws0\"> </span>Total c<span class=\"ls65 ws99\">arrying<span class=\"_ _195\"> </span></span>Total carrying<span class=\"_ _195\"> </span>(in<span class=\"_ _195\"> </span><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span>Current<span class=\"ls1 ws0\"> </span>Non<span class=\"ls1 ws0\">-current</span><span class=\"ls1 ws0\"> </span> <span class=\"ls65 ws99\">value</span> Fair <span class=\"ls1 ws0\">v</span>alue<span class=\"ls1 ws0\"> </span>Curre<span class=\"_ _1\"></span>nt<span class=\"ls1 ws0\"> </span>Non-<span class=\"ls1e ws32\">current</span> value<span class=\"_ _195\"> </span>Fair <span class=\"ls1 ws0\">v<span class=\"ls2d ws4a\">alue</span></span><span class=\"ls1 ws0\"> </span>Financial <span class=\"ls1 ws0\">A<span class=\"_ _1\"></span><span class=\"ls27 ws3f\">ssets</span></span><span class=\"ls1 ws0\"><span class=\"ls27 ws3f\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span>Financial<span class=\"_ _2\"></span> assets a<span class=\"_ _2\"></span>t FVTOCI<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Investments in equity instruments<span class=\"ls1 ws0\"> <span class=\"ff180\">\u2013<span class=\"_ _1\"></span><span class=\"ff17f\"> <span class=\"ls29 ws44\">listed</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ff180\"><span class=\"ff17f\"> </span></span></span>\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span>248,<span class=\"_ _2\"></span>350<span class=\"ls1 ws0\"> </span>248,<span class=\"_ _2\"></span>350<span class=\"ls1 ws0\"> </span>248,<span class=\"_ _2\"></span>350<span class=\"ls1 ws0\"> </span>\u2013<span class=\"ff17f\"> </span>205,274<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>205,274<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>205,274<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Financial<span class=\"_ _2\"></span> assets a<span class=\"_ _2\"></span>t amorti<span class=\"_ _2\"></span>sed cos<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\"> </span>Cash and cash equivalents<span class=\"ls1 ws0\"> </span>144,557<span class=\"ls1 ws0\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span>144,557<span class=\"ls1 ws0\"> </span>144,557<span class=\"ls1 ws0\"> </span>334,738<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>\u2013<span class=\"ff17f\"> </span>334,738<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>334,738<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Trade receiv<span class=\"_ _1\"></span>ables<span class=\"ls23 ws4b\">, excluding<span class=\"_ _1\"></span> contract receivab<span class=\"_ _1\"></span>les</span><span class=\"ls23 ws4b\"><span class=\"ls1 ws0\"> </span></span>330,096<span class=\"ls1 ws0\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span>330,<span class=\"_ _2\"></span>096<span class=\"ls1 ws0\"> </span>330,<span class=\"_ _2\"></span>096<span class=\"ls1 ws0\"> </span>359,530<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>\u2013<span class=\"ff17f\"> </span>359,530<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>359,530<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>Loans and advances to joint ventur<span class=\"_ _2\"></span>es<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2e ws4c\">and<span class=\"_ _2\"></span> associates</span></span><span class=\"ls1 ws0\"><span class=\"ls2e ws4c\"><span class=\"ls1 ws0\"> </span></span></span>\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span>72,893<span class=\"ls1 ws0\"> </span>72,893<span class=\"ls1 ws0\"> </span>72,893<span class=\"ls1 ws0\"> </span>\u2013<span class=\"ff17f\"> </span>81,372<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>81,372<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>81,372<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Other curren<span class=\"_ _1\"></span>t assets<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span> </span>31,956<span class=\"ls1 ws0\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span>31,956<span class=\"ls1 ws0\"> </span>31,956<span class=\"ls1 ws0\"> </span>34,885<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>\u2013<span class=\"ff17f\"> </span>34,885<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>34,885<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>506,609<span class=\"ls1 ws0\"> </span>321,<span class=\"_ _2\"></span>243<span class=\"ls1 ws0\"> </span>827,<span class=\"_ _2\"></span>852<span class=\"ls1 ws0\"> </span>827,<span class=\"_ _2\"></span>852<span class=\"ls1 ws0\"> </span>729,153<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>286,646<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>1,015,799<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>1,015,799",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-678": {
   "value": "(i) A<span class=\"_ _2\"></span>ssoc<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>tes<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Associates are those entities over which the <span class=\"_ _2\"></span>Group is able to exercise significa<span class=\"_ _2\"></span>nt influence but <span class=\"ls1 ws0\"> </span>does<span class=\"_ _2\"></span> not <span class=\"_ _2\"></span>cont<span class=\"_ _2\"></span>rol<span class=\"_ _2\"></span> or j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span>ly c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>ol <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>entit<span class=\"_ _2\"></span>ies<span class=\"_ _2\"></span>\u2019 fi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> ope<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ng p<span class=\"_ _2\"></span>olic<span class=\"_ _2\"></span>ies.<span class=\"_ _2\"></span> Sig<span class=\"_ _2\"></span>nif<span class=\"_ _2\"></span>icant<span class=\"_ _2\"></span> inf<span class=\"_ _2\"></span>lue<span class=\"_ _2\"></span>nce i<span class=\"_ _2\"></span>s exercised generall<span class=\"_ _2\"></span>y through dir<span class=\"_ _2\"></span>ect or indir<span class=\"_ _2\"></span>ect ownership of<span class=\"_ _2\"></span> 20% to <span class=\"_ _2\"></span>50% of<span class=\"ls1 ws0\"> <span class=\"ls61 wsac\">the voting rights. </span></span>Such<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">i<span class=\"_ _2\"></span>nve<span class=\"_ _2\"></span>stme<span class=\"_ _2\"></span>nts i<span class=\"_ _2\"></span>n as<span class=\"_ _2\"></span>soci<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>re rec<span class=\"_ _2\"></span>ord<span class=\"_ _2\"></span>ed i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he C<span class=\"_ _2\"></span>onsoli<span class=\"_ _2\"></span>dat<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>Fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al S<span class=\"_ _2\"></span>tate<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>using<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> </span></span>equity met<span class=\"_ _2\"></span>hod and<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">are</span> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">i<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>all<span class=\"_ _2\"></span>y re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>nised<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> cos<span class=\"_ _2\"></span>t. T<span class=\"_ _2\"></span>he<span class=\"ls1 ws0\"> </span>Cons<span class=\"_ _2\"></span>olid<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>d Fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al S<span class=\"_ _2\"></span>tat<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>ude<span class=\"_ _2\"></span> the </span></span>Group<span class=\"_ _2\"></span>\u2019s <span class=\"_ _2\"></span>shar<span class=\"_ _2\"></span>e o<span class=\"ff122\">f<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e tot<span class=\"_ _2\"></span>al c<span class=\"_ _2\"></span>omp<span class=\"_ _2\"></span>rehe<span class=\"_ _2\"></span>nsi<span class=\"_ _2\"></span>ve inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> of<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">assoc<span class=\"_ _2\"></span>iates ba<span class=\"_ _2\"></span>sed on t<span class=\"_ _2\"></span>he equit<span class=\"_ _2\"></span>y method <span class=\"_ _2\"></span></span> </span></span>of ac<span class=\"_ _2\"></span>count<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span>, fr<span class=\"_ _2\"></span>om t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> date<span class=\"_ _2\"></span> tha<span class=\"_ _2\"></span>t s<span class=\"_ _2\"></span>ignif<span class=\"_ _2\"></span>ic<span class=\"_ _2\"></span>ant i<span class=\"_ _2\"></span>nfl<span class=\"_ _2\"></span>uence<span class=\"_ _2\"></span> beg<span class=\"_ _2\"></span>ins<span class=\"_ _2\"></span> unti<span class=\"_ _2\"></span>l t<span class=\"_ _2\"></span>he d<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> sig<span class=\"_ _2\"></span>nif<span class=\"_ _2\"></span>ic<span class=\"_ _2\"></span>ant <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>infl<span class=\"_ _2\"></span>uence<span class=\"_ _2\"></span> ce<span class=\"_ _2\"></span>ases.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Investment<span class=\"_ _2\"></span>s in a<span class=\"_ _2\"></span>ssociates<span class=\"_ _2\"></span> are ca<span class=\"_ _2\"></span>rried i<span class=\"_ _2\"></span>n the bal<span class=\"_ _2\"></span>ance s<span class=\"_ _2\"></span>heet at co<span class=\"_ _2\"></span>st as ad<span class=\"_ _2\"></span>justed by p<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls49 ws78\">acquisi<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n </span></span>chang<span class=\"_ _2\"></span>es i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup<span class=\"_ _2\"></span>\u2019s <span class=\"_ _2\"></span>share<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>net<span class=\"_ _2\"></span> asse<span class=\"_ _2\"></span>ts of<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e as<span class=\"_ _2\"></span>soci<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>, le<span class=\"_ _2\"></span>ss <span class=\"_ _2\"></span>any i<span class=\"_ _2\"></span>mpai<span class=\"_ _2\"></span>rme<span class=\"_ _2\"></span>nt i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he v<span class=\"_ _2\"></span>alue o<span class=\"_ _2\"></span>f indivi<span class=\"_ _2\"></span>du<span class=\"_ _2\"></span>al i<span class=\"_ _2\"></span>nves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nts.<span class=\"_ _2\"></span> Whe<span class=\"_ _2\"></span>re ne<span class=\"_ _2\"></span>ces<span class=\"_ _2\"></span>sary<span class=\"_ _2\"></span>, ad<span class=\"_ _2\"></span>justm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e ma<span class=\"_ _2\"></span>d<span class=\"ls48 ws32\">e t<span class=\"_ _2\"></span>o the <span class=\"ls1 ws0\">F</span></span><span class=\"ws78\">ina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al </span>Statem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> associates to bring the accounting policies used into li<span class=\"_ _2\"></span>ne with those used by the<span class=\"_ _2\"></span> Group.<span class=\"ls1 ws0\"> </span>When<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Gro<span class=\"_ _2\"></span>up\u2019s<span class=\"_ _2\"></span> sha<span class=\"_ _2\"></span>re <span class=\"_ _2\"></span>of lo<span class=\"_ _2\"></span>sses<span class=\"_ _2\"></span> exce<span class=\"_ _2\"></span>eds<span class=\"_ _2\"></span> its<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st i<span class=\"_ _2\"></span>n an<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>oci<span class=\"_ _2\"></span>ate, t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s carr<span class=\"_ _2\"></span>yi<span class=\"_ _2\"></span>ng am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> reduced to nil and recognition of<span class=\"ls1 ws0\"> <span class=\"ls73 wsb6\">fu<span class=\"_ _1\"></span>rth<span class=\"_ _1\"></span>er lo<span class=\"_ _1\"></span>sses<span class=\"_ _1\"></span> is<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">di<span class=\"_ _2\"></span>sco<span class=\"_ _2\"></span>nti<span class=\"_ _2\"></span>nued e<span class=\"_ _2\"></span>xc<span class=\"_ _2\"></span>ept<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he ext<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>hat t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> h<span class=\"_ _2\"></span>as </span></span></span></span>incu<span class=\"_ _2\"></span>rred<span class=\"_ _2\"></span> leg<span class=\"_ _2\"></span>al o<span class=\"_ _2\"></span>r co<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ucti<span class=\"_ _2\"></span>ve <span class=\"_ _2\"></span>obli<span class=\"_ _2\"></span>gati<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span> or m<span class=\"_ _2\"></span>ade<span class=\"_ _2\"></span> pay<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s on<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws7c\">behalf o<span class=\"_ _2\"></span>f an<span class=\"ls1 ws0\"> </span><span class=\"ws78\">assoc<span class=\"_ _2\"></span>iat<span class=\"_ _2\"></span>e.<span class=\"_ _195\"> </span></span></span>(ii<span class=\"_ _2\"></span>) Join<span class=\"_ _2\"></span>t Ve<span class=\"_ _2\"></span>ntu<span class=\"_ _2\"></span>res<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Joint<span class=\"_ _2\"></span> ve<span class=\"_ _2\"></span>ntur<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>are t<span class=\"_ _2\"></span>hose<span class=\"_ _2\"></span> ent<span class=\"_ _2\"></span>itie<span class=\"_ _2\"></span>s ove<span class=\"_ _2\"></span>r <span class=\"_ _2\"></span>whose<span class=\"_ _2\"></span> ac<span class=\"_ _2\"></span>tivit<span class=\"_ _2\"></span>ies<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e Gro<span class=\"_ _2\"></span>up <span class=\"_ _2\"></span>has<span class=\"_ _2\"></span> joint<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntrol<span class=\"_ _2\"></span>, <span class=\"_ _2\"></span>estab<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>shed<span class=\"_ _2\"></span> by cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>ual <span class=\"_ _2\"></span>agre<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt. <span class=\"_ _2\"></span>Joint<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntr<span class=\"_ _2\"></span>ol r<span class=\"_ _2\"></span>equi<span class=\"_ _2\"></span>res<span class=\"_ _2\"></span> unani<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>us co<span class=\"_ _2\"></span>nsen<span class=\"_ _2\"></span>t <span class=\"_ _2\"></span>of th<span class=\"_ _2\"></span>e p<span class=\"_ _2\"></span>artie<span class=\"_ _2\"></span>s sh<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>ng c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>ol <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>in the d<span class=\"_ _2\"></span>ecision<span class=\"ls1 ws0\">-<span class=\"ls49 wsaa\">maki<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>on rel<span class=\"_ _2\"></span>ev<span class=\"_ _2\"></span>ant<span class=\"_ _2\"></span> acti<span class=\"_ _2\"></span>viti<span class=\"_ _2\"></span>es.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span> Co<span class=\"_ _2\"></span>nsoli<span class=\"_ _2\"></span>date<span class=\"_ _2\"></span>d Fi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> Stat<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nts i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>ude t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> </span></span>Group<span class=\"_ _2\"></span>\u2019s <span class=\"_ _2\"></span>shar<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> tot<span class=\"_ _2\"></span>al c<span class=\"_ _2\"></span>ompr<span class=\"_ _2\"></span>ehe<span class=\"_ _2\"></span>nsi<span class=\"_ _2\"></span>ve inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>joi<span class=\"_ _2\"></span>nt ve<span class=\"_ _2\"></span>ntu<span class=\"_ _2\"></span>res <span class=\"_ _2\"></span>bas<span class=\"_ _2\"></span>ed on<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e equi<span class=\"_ _2\"></span>ty m<span class=\"_ _2\"></span>eth<span class=\"_ _2\"></span>od of<span class=\"_ _2\"></span> accounting, from the d<span class=\"_ _2\"></span>ate that joint control b<span class=\"_ _2\"></span>egins until the<span class=\"_ _2\"></span> d<span class=\"ls49 wsaa\">ate<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>at j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> cont<span class=\"_ _2\"></span>rol<span class=\"_ _2\"></span> cea<span class=\"_ _2\"></span>ses.<span class=\"_ _2\"></span> Whe<span class=\"_ _2\"></span>re </span>nece<span class=\"_ _2\"></span>ssar<span class=\"_ _2\"></span>y, ad<span class=\"_ _2\"></span>jus<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nts <span class=\"_ _2\"></span>are<span class=\"_ _2\"></span> mad<span class=\"_ _2\"></span>e to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al S<span class=\"_ _2\"></span>tat<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> vent<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>s to b<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>he accounting policies used into line with those<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">used by t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up.</span> </span>Mater<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> inve<span class=\"_ _2\"></span>stm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>ose t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Gr<span class=\"_ _2\"></span>oup c<span class=\"_ _2\"></span>onsi<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span><span class=\"ls1 ws0\">s <span class=\"_ _1\"></span><span class=\"ls61 wsac\">to be str<span class=\"_ _2\"></span>ategic to <span class=\"ls54 ws83\">its<span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">operat<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>ns</span> <span class=\"ls49 ws7c\">and w<span class=\"_ _2\"></span>hose </span></span></span></span></span>inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt bal<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>nce<span class=\"ls1 ws0\">s </span><span class=\"ws78\">are<span class=\"ls1 ws0\"> </span>materi<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span><span class=\"ls61 ws89\">.<span class=\"_ _195\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-695": {
   "value": "(i) A<span class=\"_ _2\"></span>ssoc<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>tes<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Associates are those entities over which the <span class=\"_ _2\"></span>Group is able to exercise significa<span class=\"_ _2\"></span>nt influence but <span class=\"ls1 ws0\"> </span>does<span class=\"_ _2\"></span> not <span class=\"_ _2\"></span>cont<span class=\"_ _2\"></span>rol<span class=\"_ _2\"></span> or j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span>ly c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>ol <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>entit<span class=\"_ _2\"></span>ies<span class=\"_ _2\"></span>\u2019 fi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> ope<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ng p<span class=\"_ _2\"></span>olic<span class=\"_ _2\"></span>ies.<span class=\"_ _2\"></span> Sig<span class=\"_ _2\"></span>nif<span class=\"_ _2\"></span>icant<span class=\"_ _2\"></span> inf<span class=\"_ _2\"></span>lue<span class=\"_ _2\"></span>nce i<span class=\"_ _2\"></span>s exercised generall<span class=\"_ _2\"></span>y through dir<span class=\"_ _2\"></span>ect or indir<span class=\"_ _2\"></span>ect ownership of<span class=\"_ _2\"></span> 20% to <span class=\"_ _2\"></span>50% of<span class=\"ls1 ws0\"> <span class=\"ls61 wsac\">the voting rights. </span></span>Such<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">i<span class=\"_ _2\"></span>nve<span class=\"_ _2\"></span>stme<span class=\"_ _2\"></span>nts i<span class=\"_ _2\"></span>n as<span class=\"_ _2\"></span>soci<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>re rec<span class=\"_ _2\"></span>ord<span class=\"_ _2\"></span>ed i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he C<span class=\"_ _2\"></span>onsoli<span class=\"_ _2\"></span>dat<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>Fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al S<span class=\"_ _2\"></span>tate<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>using<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> </span></span>equity met<span class=\"_ _2\"></span>hod and<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">are</span> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">i<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>all<span class=\"_ _2\"></span>y re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>nised<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> cos<span class=\"_ _2\"></span>t. T<span class=\"_ _2\"></span>he<span class=\"ls1 ws0\"> </span>Cons<span class=\"_ _2\"></span>olid<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>d Fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al S<span class=\"_ _2\"></span>tat<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>ude<span class=\"_ _2\"></span> the </span></span>Group<span class=\"_ _2\"></span>\u2019s <span class=\"_ _2\"></span>shar<span class=\"_ _2\"></span>e o<span class=\"ff122\">f<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e tot<span class=\"_ _2\"></span>al c<span class=\"_ _2\"></span>omp<span class=\"_ _2\"></span>rehe<span class=\"_ _2\"></span>nsi<span class=\"_ _2\"></span>ve inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> of<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">assoc<span class=\"_ _2\"></span>iates ba<span class=\"_ _2\"></span>sed on t<span class=\"_ _2\"></span>he equit<span class=\"_ _2\"></span>y method <span class=\"_ _2\"></span></span> </span></span>of ac<span class=\"_ _2\"></span>count<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span>, fr<span class=\"_ _2\"></span>om t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> date<span class=\"_ _2\"></span> tha<span class=\"_ _2\"></span>t s<span class=\"_ _2\"></span>ignif<span class=\"_ _2\"></span>ic<span class=\"_ _2\"></span>ant i<span class=\"_ _2\"></span>nfl<span class=\"_ _2\"></span>uence<span class=\"_ _2\"></span> beg<span class=\"_ _2\"></span>ins<span class=\"_ _2\"></span> unti<span class=\"_ _2\"></span>l t<span class=\"_ _2\"></span>he d<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> sig<span class=\"_ _2\"></span>nif<span class=\"_ _2\"></span>ic<span class=\"_ _2\"></span>ant <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>infl<span class=\"_ _2\"></span>uence<span class=\"_ _2\"></span> ce<span class=\"_ _2\"></span>ases.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Investment<span class=\"_ _2\"></span>s in a<span class=\"_ _2\"></span>ssociates<span class=\"_ _2\"></span> are ca<span class=\"_ _2\"></span>rried i<span class=\"_ _2\"></span>n the bal<span class=\"_ _2\"></span>ance s<span class=\"_ _2\"></span>heet at co<span class=\"_ _2\"></span>st as ad<span class=\"_ _2\"></span>justed by p<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls49 ws78\">acquisi<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n </span></span>chang<span class=\"_ _2\"></span>es i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup<span class=\"_ _2\"></span>\u2019s <span class=\"_ _2\"></span>share<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>net<span class=\"_ _2\"></span> asse<span class=\"_ _2\"></span>ts of<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e as<span class=\"_ _2\"></span>soci<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>, le<span class=\"_ _2\"></span>ss <span class=\"_ _2\"></span>any i<span class=\"_ _2\"></span>mpai<span class=\"_ _2\"></span>rme<span class=\"_ _2\"></span>nt i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he v<span class=\"_ _2\"></span>alue o<span class=\"_ _2\"></span>f indivi<span class=\"_ _2\"></span>du<span class=\"_ _2\"></span>al i<span class=\"_ _2\"></span>nves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nts.<span class=\"_ _2\"></span> Whe<span class=\"_ _2\"></span>re ne<span class=\"_ _2\"></span>ces<span class=\"_ _2\"></span>sary<span class=\"_ _2\"></span>, ad<span class=\"_ _2\"></span>justm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e ma<span class=\"_ _2\"></span>d<span class=\"ls48 ws32\">e t<span class=\"_ _2\"></span>o the <span class=\"ls1 ws0\">F</span></span><span class=\"ws78\">ina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al </span>Statem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> associates to bring the accounting policies used into li<span class=\"_ _2\"></span>ne with those used by the<span class=\"_ _2\"></span> Group.<span class=\"ls1 ws0\"> </span>When<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Gro<span class=\"_ _2\"></span>up\u2019s<span class=\"_ _2\"></span> sha<span class=\"_ _2\"></span>re <span class=\"_ _2\"></span>of lo<span class=\"_ _2\"></span>sses<span class=\"_ _2\"></span> exce<span class=\"_ _2\"></span>eds<span class=\"_ _2\"></span> its<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st i<span class=\"_ _2\"></span>n an<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>oci<span class=\"_ _2\"></span>ate, t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s carr<span class=\"_ _2\"></span>yi<span class=\"_ _2\"></span>ng am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> reduced to nil and recognition of<span class=\"ls1 ws0\"> <span class=\"ls73 wsb6\">fu<span class=\"_ _1\"></span>rth<span class=\"_ _1\"></span>er lo<span class=\"_ _1\"></span>sses<span class=\"_ _1\"></span> is<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">di<span class=\"_ _2\"></span>sco<span class=\"_ _2\"></span>nti<span class=\"_ _2\"></span>nued e<span class=\"_ _2\"></span>xc<span class=\"_ _2\"></span>ept<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he ext<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>hat t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> h<span class=\"_ _2\"></span>as </span></span></span></span>incu<span class=\"_ _2\"></span>rred<span class=\"_ _2\"></span> leg<span class=\"_ _2\"></span>al o<span class=\"_ _2\"></span>r co<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ucti<span class=\"_ _2\"></span>ve <span class=\"_ _2\"></span>obli<span class=\"_ _2\"></span>gati<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span> or m<span class=\"_ _2\"></span>ade<span class=\"_ _2\"></span> pay<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s on<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws7c\">behalf o<span class=\"_ _2\"></span>f an<span class=\"ls1 ws0\"> </span><span class=\"ws78\">assoc<span class=\"_ _2\"></span>iat<span class=\"_ _2\"></span>e.<span class=\"_ _195\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-646": {
   "value": "(ii<span class=\"_ _2\"></span>) Join<span class=\"_ _2\"></span>t Ve<span class=\"_ _2\"></span>ntu<span class=\"_ _2\"></span>res<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Joint<span class=\"_ _2\"></span> ve<span class=\"_ _2\"></span>ntur<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>are t<span class=\"_ _2\"></span>hose<span class=\"_ _2\"></span> ent<span class=\"_ _2\"></span>itie<span class=\"_ _2\"></span>s ove<span class=\"_ _2\"></span>r <span class=\"_ _2\"></span>whose<span class=\"_ _2\"></span> ac<span class=\"_ _2\"></span>tivit<span class=\"_ _2\"></span>ies<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e Gro<span class=\"_ _2\"></span>up <span class=\"_ _2\"></span>has<span class=\"_ _2\"></span> joint<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntrol<span class=\"_ _2\"></span>, <span class=\"_ _2\"></span>estab<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>shed<span class=\"_ _2\"></span> by cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>ual <span class=\"_ _2\"></span>agre<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt. <span class=\"_ _2\"></span>Joint<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntr<span class=\"_ _2\"></span>ol r<span class=\"_ _2\"></span>equi<span class=\"_ _2\"></span>res<span class=\"_ _2\"></span> unani<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>us co<span class=\"_ _2\"></span>nsen<span class=\"_ _2\"></span>t <span class=\"_ _2\"></span>of th<span class=\"_ _2\"></span>e p<span class=\"_ _2\"></span>artie<span class=\"_ _2\"></span>s sh<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>ng c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>ol <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>in the d<span class=\"_ _2\"></span>ecision<span class=\"ls1 ws0\">-<span class=\"ls49 wsaa\">maki<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>on rel<span class=\"_ _2\"></span>ev<span class=\"_ _2\"></span>ant<span class=\"_ _2\"></span> acti<span class=\"_ _2\"></span>viti<span class=\"_ _2\"></span>es.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span> Co<span class=\"_ _2\"></span>nsoli<span class=\"_ _2\"></span>date<span class=\"_ _2\"></span>d Fi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> Stat<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nts i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>ude t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> </span></span>Group<span class=\"_ _2\"></span>\u2019s <span class=\"_ _2\"></span>shar<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> tot<span class=\"_ _2\"></span>al c<span class=\"_ _2\"></span>ompr<span class=\"_ _2\"></span>ehe<span class=\"_ _2\"></span>nsi<span class=\"_ _2\"></span>ve inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>joi<span class=\"_ _2\"></span>nt ve<span class=\"_ _2\"></span>ntu<span class=\"_ _2\"></span>res <span class=\"_ _2\"></span>bas<span class=\"_ _2\"></span>ed on<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e equi<span class=\"_ _2\"></span>ty m<span class=\"_ _2\"></span>eth<span class=\"_ _2\"></span>od of<span class=\"_ _2\"></span> accounting, from the d<span class=\"_ _2\"></span>ate that joint control b<span class=\"_ _2\"></span>egins until the<span class=\"_ _2\"></span> d<span class=\"ls49 wsaa\">ate<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>at j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> cont<span class=\"_ _2\"></span>rol<span class=\"_ _2\"></span> cea<span class=\"_ _2\"></span>ses.<span class=\"_ _2\"></span> Whe<span class=\"_ _2\"></span>re </span>nece<span class=\"_ _2\"></span>ssar<span class=\"_ _2\"></span>y, ad<span class=\"_ _2\"></span>jus<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nts <span class=\"_ _2\"></span>are<span class=\"_ _2\"></span> mad<span class=\"_ _2\"></span>e to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al S<span class=\"_ _2\"></span>tat<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> vent<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>s to b<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>he accounting policies used into line with those<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">used by t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up.</span> </span>Mater<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> inve<span class=\"_ _2\"></span>stm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>ose t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Gr<span class=\"_ _2\"></span>oup c<span class=\"_ _2\"></span>onsi<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span><span class=\"ls1 ws0\">s <span class=\"_ _1\"></span><span class=\"ls61 wsac\">to be str<span class=\"_ _2\"></span>ategic to <span class=\"ls54 ws83\">its<span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">operat<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>ns</span> <span class=\"ls49 ws7c\">and w<span class=\"_ _2\"></span>hose </span></span></span></span></span>inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt bal<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>nce<span class=\"ls1 ws0\">s </span><span class=\"ws78\">are<span class=\"ls1 ws0\"> </span>materi<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span><span class=\"ls61 ws89\">.<span class=\"_ _195\"> </span></span></span>Investm<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span> in <span class=\"_ _2\"></span>and ad<span class=\"_ _2\"></span>va<span class=\"_ _2\"></span>nces to<span class=\"_ _2\"></span> joi<span class=\"_ _2\"></span>nt ve<span class=\"_ _2\"></span>ntu<span class=\"_ _2\"></span>res a<span class=\"_ _2\"></span>nd ass<span class=\"_ _2\"></span>ocia<span class=\"_ _2\"></span>tes, w<span class=\"_ _2\"></span>hic<span class=\"_ _2\"></span>h are<span class=\"_ _2\"></span> all <span class=\"_ _2\"></span>acco<span class=\"_ _2\"></span>unted<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span> using<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e equ<span class=\"_ _2\"></span>ity m<span class=\"_ _2\"></span>ethod<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng,<span class=\"_ _2\"></span> consi<span class=\"_ _2\"></span>sted<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> the<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">following:<span class=\"_ _2\"></span></span> </span><table class=\"s w14c h13b\" id=\"_b115963d-5996-4bc8-b874-72ce1e039bd9\"><tr><td></td><td></td><td class=\"t m0 x311 h82 y2cfc ff126 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"t m0 x312 h82 y2cfc ff126 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"c x2a1 y2cfd w7e hb7\"><div class=\"t m0 x184 h82 y1f54 ff126 fs3b fc2 sc0 ls2d ws4a\">As<span class=\"ls1 ws0\"> of November <span class=\"ls1b ws2f\">30</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2cfe w14a h102\"><div class=\"t m0 x245 h82 y29a6 ff126 fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2a3 h82 y29a7 ff126 fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x314 y2cfe w17f h13c\"><div class=\"t m0 x245 h82 y29a6 ff126 fs3b fc2 sc0 ls1 ws0\">Location</div><div class=\"t m0 x313 hd0 y2cff ff126 fs42 fc2 sc0 ls1 ws0\">1</div></td><td class=\"c x315 y2d00 w34 hcf\"><div class=\"t m0 x15 h82 y2246 ff126 fs3b fc2 sc0 ls1 ws0\">  </div><div class=\"t m0 x18f h82 y1f57 ff126 fs3b fc2 sc0 ls1 ws0\">% Shares </div></td><td class=\"c x2fb y2d00 w48 hcf\"><div class=\"t m0 x15 h82 y2246 ff126 fs3b fc2 sc0 ls1 ws0\">  </div><div class=\"t m0 x175 h82 y1f57 ff126 fs3b fc2 sc0 ls1 ws0\">% Voting r<span class=\"ls39 ws5f\">ights</span><span class=\"ls39 ws5f\"><span class=\"_ _2\"></span></span> </div></td><td class=\"c x2a1 y2d00 w20 h86\"><div class=\"t m0 x177 h85 y1f57 ff127 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d00 w34 h86\"><div class=\"t m0 x177 h82 y1f57 ff126 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d01 w94 h86\"><div class=\"t m0 x0 h87 y1be8 ff127 fs3a fc2 sc0 ls22 ws34\">Joint Ve<span class=\"_ _1\"></span>ntures:<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2d02 w94 h8a\"><div class=\"t m0 x0 h88 y1c65 ff126 fs3a fc2 sc0 ls24 ws3b\">Tankers<span class=\"ff128 ls1 ws0\">\u2019<span class=\"ff126\"> <span class=\"_ _3\"></span><span class=\"ls29 wsc1\">mate<span class=\"_ _2\"></span>rial joint vent<span class=\"_ _2\"></span>ures:</span></span></span><span class=\"ff128 ls1 ws0\"><span class=\"ff126\"><span class=\"ls29 wsc1\"><span class=\"ls1 ws0\"> </span></span></span></span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2d03 w94 h86\"><div class=\"t m0 x19a h88 y1bef ff126 fs3a fc2 sc0 ls29 ws42\">NYK Stolt Tan<span class=\"_ _2\"></span>kers S.A.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2c2 y2d03 w31 h86\"><div class=\"t m0 x0 h88 y1bef ff126 fs3a fc2 sc0 ls2e ws5c\">Panama<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x315 y2d03 w34 h86\"><div class=\"t m0 x193 h88 y1bef ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d03 w48 h86\"><div class=\"t m0 x193 h88 y1bef ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d03 w20 h86\"><div class=\"t m0 x180 h87 y1bef ff127 fs3a fc2 sc0 ls21 ws35\">136,<span class=\"_ _2\"></span>399<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d03 w34 h86\"><div class=\"t m0 x181 h88 y1bef ff126 fs3a fc2 sc0 ls20 ws36\">111,425<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d04 w94 h86\"><div class=\"t m0 x19a h88 y1bf4 ff126 fs3a fc2 sc0 ls29 ws42\">NYK Stolt S<span class=\"_ _2\"></span>hipholding <span class=\"_ _2\"></span><span class=\"ls28 ws40\">Pte<span class=\"ls1 ws0\">. </span>Ltd.</span><span class=\"ls28 ws40\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2c2 y2d04 w31 h86\"><div class=\"t m0 x0 h88 y1bf4 ff126 fs3a fc2 sc0 ls22 ws3e\">Singap<span class=\"_ _1\"></span>ore<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x315 y2d04 w34 h86\"><div class=\"t m0 x193 h88 y1bf4 ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d04 w48 h86\"><div class=\"t m0 x193 h88 y1bf4 ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d04 w20 h86\"><div class=\"t m0 x179 h87 y1bf4 ff127 fs3a fc2 sc0 ls23 ws39\">73,320<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d04 w34 h86\"><div class=\"t m0 x183 h88 y1bf4 ff126 fs3a fc2 sc0 ls20 ws36\">75,657<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d05 w94 h8a\"><div class=\"t m0 x19a h88 y1c3f ff126 fs3a fc2 sc0 ls24 ws3b\">Shanghai <span class=\"_ _1\"></span><span class=\"ls37 ws5d\">SC<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">Stolt Shippin<span class=\"_ _2\"></span>g Ltd</span></span></span><span class=\"ls37 ws5d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2c2 y2d05 w31 h8a\"><div class=\"t m0 x0 h88 y1c3f ff126 fs3a fc2 sc0 ls24 ws3b\">China<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x315 y2d05 w34 h8a\"><div class=\"t m0 x193 h88 y1c3f ff126 fs3a fc2 sc0 ls20 ws36\">49<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d05 w48 h8a\"><div class=\"t m0 x193 h88 y1c3f ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d05 w20 h8a\"><div class=\"t m0 x179 h87 y1c3f ff127 fs3a fc2 sc0 ls23 ws39\">39,963<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d05 w34 h8a\"><div class=\"t m0 x183 h88 y1c3f ff126 fs3a fc2 sc0 ls20 ws36\">39,534<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d06 w94 h8b\"><div class=\"t m0 x0 h88 y1f5f ff126 fs3a fc2 sc0 ls24 ws3b\">Tankers<span class=\"ff128 ls1 ws0\">\u2019<span class=\"ff126\"> <span class=\"_ _3\"></span><span class=\"ls24 ws3b\">non<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls29 wsc1\">mater<span class=\"_ _2\"></span>ial joint ventu<span class=\"_ _2\"></span>res:</span></span></span></span></span><span class=\"ff128 ls1 ws0\"><span class=\"ff126\"><span class=\"ls24 ws3b\"><span class=\"ls1 ws0\"><span class=\"ls29 wsc1\"><span class=\"ls1 ws0\"> </span></span></span></span></span></span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2d07 w94 h86\"><div class=\"t m0 x19a h88 y1bef ff126 fs3a fc2 sc0 ls23 ws4b\">Stolt NYK<span class=\"_ _1\"></span> Asia Pacific Serv<span class=\"_ _1\"></span>ices Inc.<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2c2 y2d07 w31 h86\"><div class=\"t m0 x0 h88 y1bef ff126 fs3a fc2 sc0 ls22 ws3e\">Singap<span class=\"_ _1\"></span>ore<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td class=\"c x2a1 y2d07 w20 h86\"><div class=\"t m0 x2d h87 y1bef ff129 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff127\"> </span></div></td><td class=\"c x2fa y2d07 w34 h86\"><div class=\"t m0 x1a0 h88 y1bef ff126 fs3a fc2 sc0 ls20 ws36\">905<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d08 w94 h8a\"><div class=\"t m0 x19a h88 y1bff ff126 fs3a fc2 sc0 ls20 ws34\">Hassel Shi<span class=\"_ _2\"></span>pping 4<span class=\"_ _2\"></span> A<span class=\"ls1 ws0\">.S<span class=\"_ _1\"></span>.<span class=\"_ _195\"> </span></span></div><div class=\"t m0 x1a hd1 y2247 ff126 fs43 fc2 sc0 ls1 ws0\">2</div><div class=\"t m0 x1ee h88 y1bff ff126 fs3a fc2 sc0 ls1 ws0\"> </div></td><td class=\"c x2c2 y2d08 w31 h8a\"><div class=\"t m0 x0 h88 y1bff ff126 fs3a fc2 sc0 ls22 ws3e\">Norway<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td class=\"c x2a1 y2d08 w20 h8a\"><div class=\"t m0 x2d h87 y1bff ff129 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff127\"> </span></div></td><td class=\"c x2fa y2d08 w34 h8a\"><div class=\"t m0 x183 h88 y1bff ff126 fs3a fc2 sc0 ls20 ws36\">65,343<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d09 w94 h86\"><div class=\"t m0 x19a h88 y1bfa ff126 fs3a fc2 sc0 ls24 ws3a\">SIA LAPA, Ltd<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2c2 y2d09 w31 h86\"><div class=\"t m0 x0 h88 y1bfa ff126 fs3a fc2 sc0 ls28 ws40\">Latvia<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x315 y2d09 w34 h86\"><div class=\"t m0 x193 h88 y1bfa ff126 fs3a fc2 sc0 ls20 ws36\">70<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d09 w48 h86\"><div class=\"t m0 x193 h88 y1bfa ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d09 w20 h86\"><div class=\"t m0 x185 h87 y1bfa ff127 fs3a fc2 sc0 ls21 ws35\">1,09<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d09 w34 h86\"><div class=\"t m0 x184 h88 y1bfa ff126 fs3a fc2 sc0 ls20 ws36\">1,656<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d0a w94 h86\"><div class=\"t m0 x19a h88 y1bf8 ff126 fs3a fc2 sc0 ls29 ws42\">Shanghai New<span class=\"_ _2\"></span> Xing Yang Mar<span class=\"_ _2\"></span>ine Ser<span class=\"_ _2\"></span>vices Co<span class=\"_ _2\"></span>. Ltd<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2c2 y2d0a w31 h86\"><div class=\"t m0 x0 h88 y1bf8 ff126 fs3a fc2 sc0 ls24 ws3b\">China<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x315 y2d0a w34 h86\"><div class=\"t m0 x193 h88 y1bf8 ff126 fs3a fc2 sc0 ls20 ws36\">40<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d0a w48 h86\"><div class=\"t m0 x193 h88 y1bf8 ff126 fs3a fc2 sc0 ls20 ws36\">40<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d0a w20 h86\"><div class=\"t m0 x2d h87 y1bf8 ff129 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff127\"> </span></div></td><td class=\"c x2fa y2d0a w34 h86\"><div class=\"t m0 x2d h88 y1bf8 ff128 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff126\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x2a1 y2d0b w20 h8c\"><div class=\"t m0 x180 h87 y1cd0 ff127 fs3a fc2 sc0 ls21 ws35\">250,<span class=\"_ _2\"></span>773<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d0b w34 h8c\"><div class=\"t m0 x181 h88 y1cd0 ff126 fs3a fc2 sc0 ls20 ws36\">294,520<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d0c w94 h89\"><div class=\"t m0 x0 h88 y1bdc ff126 fs3a fc2 sc0 ls29 ws44\">Terminals<span class=\"ff128 ls1 ws0\">\u2019<span class=\"ff126\"> <span class=\"_ _1\"></span><span class=\"ls2e ws5c\">mater<span class=\"_ _2\"></span>ial<span class=\"ls1 ws0\"> <span class=\"ls24 ws33\">joint ventures:</span></span></span></span></span><span class=\"ff128 ls1 ws0\"><span class=\"ff126\"><span class=\"ls2e ws5c\"><span class=\"ls1 ws0\"> </span></span></span></span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2d0d w94 h86\"><div class=\"t m0 x19a h88 y1bde ff126 fs3a fc2 sc0 ls24 ws3a\">Advario Stolthaven Antwerp, NV<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2c2 y2d0d w31 h86\"><div class=\"t m0 x0 h88 y1bde ff126 fs3a fc2 sc0 ls29 ws44\">Belgium<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x315 y2d0d w34 h86\"><div class=\"t m0 x193 h88 y1bde ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d0d w48 h86\"><div class=\"t m0 x193 h88 y1bde ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d0d w20 h86\"><div class=\"t m0 x180 h87 y1bde ff127 fs3a fc2 sc0 ls21 ws35\">127,<span class=\"_ _2\"></span>296<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d0d w34 h86\"><div class=\"t m0 x181 h88 y1bde ff126 fs3a fc2 sc0 ls20 ws36\">115,153<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d0e w94 h8c\"><div class=\"t m0 x19a h88 y1be0 ff126 fs3a fc2 sc0 ls25 ws41\">Jeong<span class=\"ls1 ws0\">-<span class=\"ls24 ws3a\">IL<span class=\"_ _1\"></span> Sto<span class=\"_ _2\"></span>lthaven Ulsan Co. Ltd</span></span><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2c2 y2d0e w31 h8c\"><div class=\"t m0 x0 h88 y1be0 ff126 fs3a fc2 sc0 ls22 ws37\">South Korea<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x315 y2d0e w34 h8c\"><div class=\"t m0 x193 h88 y1be0 ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d0e w48 h8c\"><div class=\"t m0 x193 h88 y1be0 ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d0e w20 h8c\"><div class=\"t m0 x180 h87 y1be0 ff127 fs3a fc2 sc0 ls21 ws35\">116,<span class=\"_ _2\"></span>225<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d0e w34 h8c\"><div class=\"t m0 x181 h88 y1be0 ff126 fs3a fc2 sc0 ls20 ws36\">118,331<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d0f w94 h86\"><div class=\"t m0 x19a h88 y1bda ff126 fs3a fc2 sc0 ls29 ws42\">Tianjin Lin<span class=\"_ _2\"></span>gang Stolt<span class=\"_ _2\"></span>haven Terminal<span class=\"_ _2\"></span> Co. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2c2 y2d0f w31 h86\"><div class=\"t m0 x0 h88 y1bda ff126 fs3a fc2 sc0 ls24 ws3b\">China<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x315 y2d0f w34 h86\"><div class=\"t m0 x193 h88 y1bda ff126 fs3a fc2 sc0 ls20 ws36\">65<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d0f w48 h86\"><div class=\"t m0 x193 h88 y1bda ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d0f w20 h86\"><div class=\"t m0 x179 h87 y1bda ff127 fs3a fc2 sc0 ls23 ws39\">23,240<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d0f w34 h86\"><div class=\"t m0 x183 h88 y1bda ff126 fs3a fc2 sc0 ls20 ws36\">21,607<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d10 w94 h89\"><div class=\"t m0 x19a h88 y2112 ff126 fs3a fc2 sc0 ls24 ws3a\">Tianjin Lingang Stolthaven Jetty Co<span class=\"_ _2\"></span>mpany<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2c2 y2d10 w31 h89\"><div class=\"t m0 x0 h88 y2112 ff126 fs3a fc2 sc0 ls24 ws3b\">China<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x315 y2d10 w34 h89\"><div class=\"t m0 x193 h88 y2112 ff126 fs3a fc2 sc0 ls20 ws36\">40<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d10 w48 h89\"><div class=\"t m0 x193 h88 y2112 ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d10 w20 h89\"><div class=\"t m0 x179 h87 y2112 ff127 fs3a fc2 sc0 ls23 ws39\">11,287<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d10 w34 h89\"><div class=\"t m0 x183 h88 y2112 ff126 fs3a fc2 sc0 ls20 ws36\">10,898<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d11 w94 hd2\"><div class=\"t m0 x0 h88 y224f ff128 fs3a fc2 sc0 ls29 ws42\">Terminals\u2019 non<span class=\"_ _2\"></span><span class=\"ff126 ls1 ws0\">-<span class=\"ls29 ws44\">material <span class=\"ls28 ws40\">joint</span></span> <span class=\"ls24 ws3b\">ventures:</span></span><span class=\"ff126 ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2d12 w94 h8b\"><div class=\"t m0 x19a h88 y1c3b ff126 fs3a fc2 sc0 ls24 ws3a\">Stolthaven Revivegen Kaohsiung Co., Ltd<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2c2 y2d12 w31 h8b\"><div class=\"t m0 x0 h88 y1c3b ff126 fs3a fc2 sc0 ls29 ws44\">Taiwan<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x315 y2d12 w34 h8b\"><div class=\"t m0 x193 h88 y1c3b ff126 fs3a fc2 sc0 ls20 ws36\">49<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d12 w48 h8b\"><div class=\"t m0 x193 h88 y1c3b ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d12 w20 h8b\"><div class=\"t m0 x179 h87 y1c3b ff127 fs3a fc2 sc0 ls23 ws39\">30,936<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d12 w34 h8b\"><div class=\"t m0 x183 h88 y1c3b ff126 fs3a fc2 sc0 ls20 ws36\">29,784<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d13 w94 h86\"><div class=\"t m0 x19a h88 y1bea ff126 fs3a fc2 sc0 ls29 ws42\">Ceyhan Ter<span class=\"_ _2\"></span>minal Himzetler<span class=\"_ _2\"></span>i Anonim <span class=\"_ _2\"></span>Sirket<span class=\"_ _2\"></span>u<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2c2 y2d13 w31 h86\"><div class=\"t m0 x0 h88 y1bea ff126 fs3a fc2 sc0 ls24 ws3b\">T\u00fcrkiye<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x315 y2d13 w34 h86\"><div class=\"t m0 x193 h88 y1bea ff126 fs3a fc2 sc0 ls20 ws36\">33<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d13 w48 h86\"><div class=\"t m0 x193 h88 y1bea ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d13 w20 h86\"><div class=\"t m0 x179 h87 y1bea ff127 fs3a fc2 sc0 ls23 ws39\">16,026<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d13 w34 h86\"><div class=\"t m0 x184 h88 y1bea ff126 fs3a fc2 sc0 ls20 ws36\">9,461<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d14 w94 h8c\"><div class=\"t m0 x19a h88 y1bec ff126 fs3a fc2 sc0 ls24 ws3a\">Stolthaven (Westport) Sdn. Bhd.<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2c2 y2d14 w31 h8c\"><div class=\"t m0 x0 h88 y1bec ff126 fs3a fc2 sc0 ls2e ws5c\">Malaysia<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x315 y2d14 w34 h8c\"><div class=\"t m0 x193 h88 y1bec ff126 fs3a fc2 sc0 ls20 ws36\">49<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d14 w48 h8c\"><div class=\"t m0 x193 h88 y1bec ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d14 w20 h8c\"><div class=\"t m0 x179 h87 y1bec ff127 fs3a fc2 sc0 ls23 ws39\">11,841<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d14 w34 h8c\"><div class=\"t m0 x184 h88 y1bec ff126 fs3a fc2 sc0 ls20 ws36\">9,122<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x2a1 y2d15 w20 h8a\"><div class=\"t m0 x180 h87 y1c38 ff127 fs3a fc2 sc0 ls21 ws35\">336,<span class=\"_ _2\"></span>851<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d15 w34 h8a\"><div class=\"t m0 x181 h88 y1c38 ff126 fs3a fc2 sc0 ls20 ws36\">314,356<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d16 w94 h86\"><div class=\"t m0 x0 h88 y1be8 ff126 fs3a fc2 sc0 ls24 ws3b\">Tank <span class=\"_ _1\"></span><span class=\"ff128\">Container<span class=\"_ _2\"></span>s\u2019<span class=\"ff126 ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls24 ws3b\">non<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">material joint<span class=\"_ _2\"></span> ventu<span class=\"_ _2\"></span>res:</span></span></span></span></span><span class=\"ff128\"><span class=\"ff126 ls1 ws0\"><span class=\"ls24 ws3b\"><span class=\"ls1 ws0\"> </span></span></span></span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2d17 w94 h86\"><div class=\"t m0 x19a h88 y1c4c ff126 fs3a fc2 sc0 ls22 ws37\">Hyop W<span class=\"_ _1\"></span>oon Stolt Transportati<span class=\"_ _1\"></span>on Services Co. Ltd<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2c2 y2d17 w31 h86\"><div class=\"t m0 x0 h88 y1c4c ff126 fs3a fc2 sc0 ls22 ws37\">South Korea<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x315 y2d17 w34 h86\"><div class=\"t m0 x193 h88 y1c4c ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d17 w48 h86\"><div class=\"t m0 x193 h88 y1c4c ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d17 w20 h86\"><div class=\"t m0 x185 h87 y1c4c ff127 fs3a fc2 sc0 ls21 ws35\">3,54<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d17 w34 h86\"><div class=\"t m0 x184 h88 y1c4c ff126 fs3a fc2 sc0 ls20 ws36\">3,850<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d18 w94 h8a\"><div class=\"t m0 x19a h88 y1c3f ff126 fs3a fc2 sc0 ls28 ws0\">Kanoo<span class=\"_ _2\"></span> Tank Se<span class=\"_ _2\"></span>rvic<span class=\"_ _2\"></span>es Lt<span class=\"_ _2\"></span>d.<span class=\"ls1\"> </span></div></td><td class=\"c x2c2 y2d18 w31 h8a\"><div class=\"t m0 x0 h88 y1c3f ff126 fs3a fc2 sc0 ls29 ws42\">Saudi Arabia<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x315 y2d18 w34 h8a\"><div class=\"t m0 x193 h88 y1c3f ff126 fs3a fc2 sc0 ls20 ws36\">60<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d18 w48 h8a\"><div class=\"t m0 x193 h88 y1c3f ff126 fs3a fc2 sc0 ls20 ws36\">60<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d18 w20 h8a\"><div class=\"t m0 x179 h87 y1c3f ff127 fs3a fc2 sc0 ls23 ws39\">15,024<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d18 w34 h8a\"><div class=\"t m0 x183 h88 y1c3f ff126 fs3a fc2 sc0 ls20 ws36\">16,352<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d19 w94 h86\"><div class=\"t m0 x19a h88 y1c4c ff126 fs3a fc2 sc0 ls29 ws42\">Vado Tank Cle<span class=\"_ _2\"></span>aning SRL<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2c2 y2d19 w31 h86\"><div class=\"t m0 x0 h88 y1c4c ff126 fs3a fc2 sc0 ls29 ws44\">Italy<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x315 y2d19 w34 h86\"><div class=\"t m0 x193 h88 y1c4c ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d19 w48 h86\"><div class=\"t m0 x193 h88 y1c4c ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d19 w20 h86\"><div class=\"t m0 x185 h87 y1c4c ff127 fs3a fc2 sc0 ls21 ws35\">1,97<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d19 w34 h86\"><div class=\"t m0 x184 h88 y1c4c ff126 fs3a fc2 sc0 ls20 ws36\">1,716<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d1a w94 h86\"><div class=\"t m0 x19a h88 y1bef ff126 fs3a fc2 sc0 ls2e ws4c\">Laem Chabang Tank<span class=\"_ _2\"></span> Service Co. Ltd<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2c2 y2d1a w31 h86\"><div class=\"t m0 x0 h88 y1bef ff126 fs3a fc2 sc0 ls29 ws44\">Thailand<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x315 y2d1a w34 h86\"><div class=\"t m0 x193 h88 y1bef ff126 fs3a fc2 sc0 ls20 ws36\">49<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d1a w48 h86\"><div class=\"t m0 x193 h88 y1bef ff126 fs3a fc2 sc0 ls20 ws36\">49<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d1a w20 h86\"><div class=\"t m0 x185 h87 y1bef ff127 fs3a fc2 sc0 ls21 ws35\">1,04<span class=\"_ _2\"></span>9<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d1a w34 h86\"><div class=\"t m0 x184 h88 y1bef ff126 fs3a fc2 sc0 ls20 ws36\">1,070<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d1b w94 h8a\"><div class=\"t m0 x19a h88 y1c4d ff126 fs3a fc2 sc0 ls37 wsa5\">FSTS CO., Ltd <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2c2 y2d1b w31 h8a\"><div class=\"t m0 x0 h88 y1c4d ff126 fs3a fc2 sc0 ls29 ws44\">Thailand <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x315 y2d1b w34 h8a\"><div class=\"t m0 x193 h88 y1c4d ff126 fs3a fc2 sc0 ls20 ws36\">49<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d1b w48 h8a\"><div class=\"t m0 x193 h88 y1c4d ff126 fs3a fc2 sc0 ls20 ws36\">49<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d1b w20 h8a\"><div class=\"t m0 x185 h87 y1c4d ff127 fs3a fc2 sc0 ls21 ws35\">1,30<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d1b w34 h8a\"><div class=\"t m0 x184 h88 y1c4d ff126 fs3a fc2 sc0 ls20 ws36\">1,056<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d1c w94 h86\"><div class=\"t m0 x19a h88 y1bfa ff126 fs3a fc2 sc0 ls29 ws42\">Joint Tank S<span class=\"_ _2\"></span>ervices FZC<span class=\"_ _2\"></span>O<span class=\"ls1 ws0\">  </span></div></td><td class=\"c x2c2 y2d1c w31 h86\"><div class=\"t m0 x0 h88 y1bfa ff126 fs3a fc2 sc0 ls29 ws42\">United Arab <span class=\"_ _2\"></span>Emirates<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x315 y2d1c w34 h86\"><div class=\"t m0 x193 h88 y1bfa ff126 fs3a fc2 sc0 ls20 ws36\">40<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d1c w48 h86\"><div class=\"t m0 x193 h88 y1bfa ff126 fs3a fc2 sc0 ls20 ws36\">40<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d1c w20 h86\"><div class=\"t m0 x185 h87 y1bfa ff127 fs3a fc2 sc0 ls21 ws35\">1,93<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d1c w34 h86\"><div class=\"t m0 x184 h88 y1bfa ff126 fs3a fc2 sc0 ls20 ws36\">1,494<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x2a1 y2d1d w20 h8b\"><div class=\"t m0 x179 h87 y1bf8 ff127 fs3a fc2 sc0 ls23 ws39\">24,825<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d1d w34 h8b\"><div class=\"t m0 x183 h88 y1bf8 ff126 fs3a fc2 sc0 ls20 ws36\">25,538<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d1e w94 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff126 fs3a fc2 sc0 ls1 ws0\">S<span class=\"ls29 ws44\">tolt</span>-<span class=\"_ _1\"></span>N<span class=\"ls29 ws44\">ielsen</span> <span class=\"ff128 ls2e ws5c\">Gas\u2019</span> <span class=\"_ _1\"></span><span class=\"ls24 ws3a\">material joint ventur<span class=\"_ _2\"></span>e:</span><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x317 y2d20 w180 h13d\"><div class=\"t m0 x245 h88 y29ed ff126 fs3a fc2 sc0 ls29 ws42\">Avenir LNG <span class=\"_ _2\"></span>Limited</div><div class=\"t m0 x316 hd1 y2d1f ff126 fs43 fc2 sc0 ls1 ws0\">3<span class=\"_ _195\"> </span></div></td><td class=\"c x2c2 y2d21 w31 h86\"><div class=\"t m0 x0 h88 y1bf8 ff126 fs3a fc2 sc0 ls2a ws45\">Bermu<span class=\"_ _2\"></span>da <span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td class=\"c x2a1 y2d21 w20 h86\"><div class=\"t m0 x2d h87 y1bf8 ff129 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff127\"> </span></div></td><td class=\"c x2fa y2d21 w34 h86\"><div class=\"t m0 x183 h88 y1bf8 ff126 fs3a fc2 sc0 ls20 ws36\">70,482<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d22 w94 h86\"><div class=\"t m0 x0 h88 y1bde ff126 fs3a fc2 sc0 ls1 ws0\">S<span class=\"ls29 ws44\">tolt</span>-<span class=\"_ _1\"></span>N<span class=\"ls29 ws44\">ielsen</span> <span class=\"ls2e ws5c\">Gas</span><span class=\"ff128\">\u2019<span class=\"_ _1\"></span><span class=\"ff126\"> <span class=\"ls24 ws3b\">non</span>-<span class=\"_ _1\"></span><span class=\"ls24 ws3a\">material joint v<span class=\"_ _2\"></span>enture:</span></span></span><span class=\"ff128\"><span class=\"ff126\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2d23 w94 h8a\"><div class=\"t m0 x19a h88 y1be0 ff126 fs3a fc2 sc0 ls2a ws45\">Higas<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2a ws45\">Hol<span class=\"_ _2\"></span>dings<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls29 ws44\">Limited</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls2a ws45\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2c2 y2d23 w31 h8a\"><div class=\"t m0 x0 h88 y1be0 ff126 fs3a fc2 sc0 ls24 ws3b\">Italy <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x315 y2d23 w34 h8a\"><div class=\"t m0 x193 h88 y1be0 ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d23 w48 h8a\"><div class=\"t m0 x193 h88 y1be0 ff126 fs3a fc2 sc0 ls20 ws36\">50<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2d23 w20 h8a\"><div class=\"t m0 x179 h87 y1be0 ff127 fs3a fc2 sc0 ls23 ws39\">12,290<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d23 w34 h8a\"><div class=\"t m0 x183 h88 y1be0 ff126 fs3a fc2 sc0 ls20 ws36\">12,112<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x2a1 y2d24 w20 h86\"><div class=\"t m0 x179 h87 y225f ff127 fs3a fc2 sc0 ls23 ws39\">12,290<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d24 w34 h86\"><div class=\"t m0 x183 h88 y225f ff126 fs3a fc2 sc0 ls20 ws36\">82,594<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d25 w94 h86\"><div class=\"t m0 x0 h87 y1be4 ff127 fs3a fc2 sc0 ls37 ws5d\">Subtotal<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td class=\"c x2a1 y2d25 w20 h86\"><div class=\"t m0 x180 h87 y1be4 ff127 fs3a fc2 sc0 ls21 ws35\">624,<span class=\"_ _2\"></span>739<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d25 w34 h86\"><div class=\"t m0 x181 h88 y1be4 ff126 fs3a fc2 sc0 ls20 ws36\">717,008<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table><table class=\"s w146 h13e\" id=\"_f18ff082-fad8-4007-9387-96e7f51df934\"><tr><td class=\"c x24b y2d26 w98 hb9\"><div class=\"t m0 x0 h82 y1c42 ff12c fs3b fc2 sc0 ls1 ws0\">(<span class=\"ls2d ws4a\"></span><span class=\"ls2d ws4a\">in</span> <span class=\"ls1c ws30\">US </span>$ thousands) </div></td><td class=\"c x2fb y2d26 w48 hb9\"><div class=\"t m0 x17c h82 y1e7e ff12c fs3b fc2 sc0 ls1 ws0\">Joint ventures </div></td><td class=\"c x2f9 y2d26 w20 hb9\"><div class=\"t m0 x181 h82 y1e7e ff12c fs3b fc2 sc0 ls82 wscd\">Assoc<span class=\"_ _2\"></span>iates<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d26 w2a hb9\"><div class=\"t m0 x177 h82 y1e7e ff12c fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2d27 w98 h86\"><div class=\"t m0 x0 h87 y1bfa ff12d fs3a fc2 sc0 ls2e ws5c\">Balance, <span class=\"ls1f ws3e\">December 1<span class=\"ls21 ws3b\">, 20<span class=\"ls66 ws9d\">23</span></span></span><span class=\"ls1f ws3e\"><span class=\"ls21 ws3b\"><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></span></span></div></td><td class=\"c x2fb y2d27 w48 h86\"><div class=\"t m0 x180 h87 y1bfa ff12d fs3a fc2 sc0 ls21 ws35\">640,<span class=\"_ _2\"></span>576<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d27 w20 h86\"><div class=\"t m0 x185 h87 y1bfa ff12d fs3a fc2 sc0 ls21 ws35\">9,58<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d27 w2a h86\"><div class=\"t m0 x180 h87 y1bfa ff12d fs3a fc2 sc0 ls21 ws35\">650,<span class=\"_ _2\"></span>163<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d28 w98 h86\"><div class=\"t m0 x0 h88 y1bf8 ff12c fs3a fc2 sc0 ls22 ws37\">Share of p<span class=\"_ _1\"></span>rofit of joint ventures and associa<span class=\"_ _1\"></span>tes<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d28 w48 h86\"><div class=\"t m0 x183 h88 y1bf8 ff12c fs3a fc2 sc0 ls20 ws36\">62,646<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d28 w20 h86\"><div class=\"t m0 x1a0 h88 y1bf8 ff12c fs3a fc2 sc0 ls20 ws36\">112<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d28 w2a h86\"><div class=\"t m0 x183 h88 y1bf8 ff12c fs3a fc2 sc0 ls20 ws36\">62,758<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d29 w98 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff12c fs3a fc2 sc0 ls29 ws44\">Dividends <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d29 w25 h8a\"><div class=\"t m0 x187 h88 y1bf6 ff12c fs3a fc2 sc0 ls20 ws36\">(48,288)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d29 w24 h8a\"><div class=\"t m0 x186 h88 y1bf6 ff12c fs3a fc2 sc0 ls20 ws36\">(5,520)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x319 y2d2a w181 hfa\"><div class=\"t m0 x245 h88 y2933 ff12c fs3a fc2 sc0 ls20 ws36\">(53,808<span class=\"_ _195\"> </span></div><div class=\"t m0 x318 h88 y2933 ff12c fs3a fc2 sc0 ls1 ws0\">)<span class=\"_ _195\"> </span></div></td></tr><tr><td class=\"c x24b y2d2b w98 ha1\"><div class=\"t m0 x0 h88 y1bf8 ff12c fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d2b w25 ha1\"><div class=\"t m0 x187 h88 y1bf8 ff12c fs3a fc2 sc0 ls20 ws36\">(12,193)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d2b w24 ha1\"><div class=\"t m0 x171 h88 y1bf8 ff12c fs3a fc2 sc0 ls20 ws36\">(30)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x319 y2d2c w181 hfa\"><div class=\"t m0 x245 h88 y2933 ff12c fs3a fc2 sc0 ls20 ws36\">(12,223<span class=\"_ _195\"> </span></div><div class=\"t m0 x318 h88 y2933 ff12c fs3a fc2 sc0 ls1 ws0\">)<span class=\"_ _195\"> </span></div></td></tr><tr><td class=\"c x24b y2d2d w98 h89\"><div class=\"t m0 x0 h88 y1bde ff12c fs3a fc2 sc0 ls22 ws3e\">Net<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls29 ws44\">loss<span class=\"ls1 ws0\"> <span class=\"ls24 ws3a\">on cash flow hedges held by joint <span class=\"_ _2\"></span>ventures</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls29 ws44\"><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"> </span> </span></span></span></div></td><td class=\"c x2fb y2d2d w25 h89\"><div class=\"t m0 x186 h88 y1bde ff12c fs3a fc2 sc0 ls20 ws36\">(2,273)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d2d w20 h89\"><div class=\"t m0 x2d h88 y1bde ff130 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff12c\"> </span></div></td><td class=\"c x31b y2d2e w182 hfa\"><div class=\"t m0 x245 h88 y2933 ff12c fs3a fc2 sc0 ls20 ws36\">(2,273<span class=\"_ _195\"> </span></div><div class=\"t m0 x31a h88 y2933 ff12c fs3a fc2 sc0 ls1 ws0\">)<span class=\"_ _195\"> </span></div></td></tr><tr><td class=\"c x24b y2d2f w98 h8c\"><div class=\"t m0 x0 h88 y1be0 ff12c fs3a fc2 sc0 ls24 ws3a\">Advances to joint ventures, net<span class=\"ls1 ws0\"> </span>of repayments<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d2f w48 h8c\"><div class=\"t m0 x183 h88 y1be0 ff12c fs3a fc2 sc0 ls20 ws36\">59,108<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d2f w20 h8c\"><div class=\"t m0 x2d h88 y1be0 ff130 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff12c\"> </span></div></td><td class=\"c x2fa y2d2f w2a h8c\"><div class=\"t m0 x183 h88 y1be0 ff12c fs3a fc2 sc0 ls20 ws36\">59,108<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d30 w98 h86\"><div class=\"t m0 x0 h88 y1bda ff12c fs3a fc2 sc0 ls2e ws4c\">Net act<span class=\"_ _2\"></span>uarial <span class=\"ls1f ws43\">gain<span class=\"ls1 ws0\"> <span class=\"ls24 ws3a\">on pension schemes held by <span class=\"_ _2\"></span>joint venture</span></span></span><span class=\"ls1f ws43\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2fb y2d30 w48 h86\"><div class=\"t m0 x1a0 h88 y1bda ff12c fs3a fc2 sc0 ls20 ws36\">531<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d30 w20 h86\"><div class=\"t m0 x2d h88 y1bda ff130 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff12c\"> </span></div></td><td class=\"c x2fa y2d30 w2a h86\"><div class=\"t m0 x1a0 h88 y1bda ff12c fs3a fc2 sc0 ls20 ws36\">531<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d31 w98 h86\"><div class=\"t m0 x0 h88 y1c05 ff12c fs3a fc2 sc0 ls24 ws3a\">Investment in joint venture<span class=\"ls1 ws0\"> <span class=\"ls2e ws4c\">and associat<span class=\"_ _2\"></span>e</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d31 w48 h86\"><div class=\"t m0 x183 h88 y1c05 ff12c fs3a fc2 sc0 ls20 ws36\">14,520<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d31 w20 h86\"><div class=\"t m0 x2d h88 y1c05 ff130 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff12c\"> </span></div></td><td class=\"c x2fa y2d31 w2a h86\"><div class=\"t m0 x183 h88 y1c05 ff12c fs3a fc2 sc0 ls20 ws36\">14,520<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d32 w98 h8a\"><div class=\"t m0 x0 h88 y1c03 ff12c fs3a fc2 sc0 ls20 ws36\">Transfer<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d32 w48 h8a\"><div class=\"t m0 x184 h88 y1c03 ff12c fs3a fc2 sc0 ls20 ws36\">1,245<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d32 w24 h8a\"><div class=\"t m0 x186 h88 y1c03 ff12c fs3a fc2 sc0 ls20 ws36\">(1,245)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d32 w2a h8a\"><div class=\"t m0 x2d h88 y1c03 ff130 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff12c\"> </span></div></td></tr><tr><td class=\"c x24b y2d33 w98 h86\"><div class=\"t m0 x0 h88 y1be4 ff12c fs3a fc2 sc0 ls2a ws45\">Othe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d33 w48 h86\"><div class=\"t m0 x184 h88 y1be4 ff12c fs3a fc2 sc0 ls20 ws36\">1,136<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d33 w24 h86\"><div class=\"t m0 x47 h88 y1be4 ff12c fs3a fc2 sc0 ls20 ws36\">(349)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d33 w2a h86\"><div class=\"t m0 x1a0 h88 y1be4 ff12c fs3a fc2 sc0 ls20 ws36\">787<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x246 y2d35 w183 hfb\"><div class=\"t m0 x245 h87 y2d34 ff12d fs3a fc2 sc0 ls21 ws38\">Bala<span class=\"_ _2\"></span>nce, N<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 30, 20<span class=\"_ _195\"> </span></div><div class=\"t m0 x31c h87 y2d34 ff12d fs3a fc2 sc0 ls66 ws9d\">24<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x31d h87 y2d36 ff12d fs3a fc2 sc0 ls21 ws35\">717,<span class=\"_ _2\"></span>008<span class=\"_ _195\"> </span></td><td class=\"t m0 x31e h87 y2d36 ff12d fs3a fc2 sc0 ls21 ws35\">2,55<span class=\"_ _2\"></span>5<span class=\"_ _195\"> </span></td><td class=\"t m0 x281 h87 y2d36 ff12d fs3a fc2 sc0 ls21 ws35\">719,<span class=\"_ _2\"></span>563<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2d37 w98 h8c\"><div class=\"t m0 x0 h88 y1c18 ff12c fs3a fc2 sc0 ls22 ws37\">Share of p<span class=\"_ _1\"></span>rofit of joint ventures and associa<span class=\"_ _1\"></span>tes<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d37 w48 h8c\"><div class=\"t m0 x183 h88 y1c18 ff12c fs3a fc2 sc0 ls20 ws36\">43,311<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d37 w20 h8c\"><div class=\"t m0 x1a0 h88 y1c18 ff12c fs3a fc2 sc0 ls20 ws36\">200<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d37 w2a h8c\"><div class=\"t m0 x183 h88 y1c18 ff12c fs3a fc2 sc0 ls20 ws36\">43,511<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d38 w98 h86\"><div class=\"t m0 x0 h88 y1bea ff12c fs3a fc2 sc0 ls29 ws44\">Dividends <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d38 w25 h86\"><div class=\"t m0 x187 h88 y1bea ff12c fs3a fc2 sc0 ls20 ws36\">(33,352)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d38 w20 h86\"><div class=\"t m0 x2d h88 y1bea ff130 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff12c\"> <span class=\"_ _3\"></span> </span></div></td><td class=\"c x319 y2d39 w181 hfb\"><div class=\"t m0 x245 h88 y29ed ff12c fs3a fc2 sc0 ls20 ws36\">(33,352<span class=\"_ _195\"> </span></div><div class=\"t m0 x318 h88 y29ed ff12c fs3a fc2 sc0 ls1 ws0\">)<span class=\"_ _195\"> </span></div></td></tr><tr><td class=\"c x24b y2d3a w98 h86\"><div class=\"t m0 x0 h88 y1c3b ff12c fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d3a w48 h86\"><div class=\"t m0 x183 h88 y1c3b ff12c fs3a fc2 sc0 ls20 ws36\">10,590<span class=\"ls1 ws0\">  </span></div></td><td class=\"c x2f9 y2d3a w24 h86\"><div class=\"t m0 x171 h88 y1c3b ff12c fs3a fc2 sc0 ls20 ws36\">(23)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d3a w2a h86\"><div class=\"t m0 x183 h88 y1c3b ff12c fs3a fc2 sc0 ls20 ws36\">10,567<span class=\"ls1 ws0\">  </span></div></td></tr><tr><td class=\"c x24b y2d3b w98 h94\"><div class=\"t m0 x0 h88 y1c81 ff12c fs3a fc2 sc0 ls22 ws3e\">Net<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls29 ws44\">loss<span class=\"ls1 ws0\"> <span class=\"ls24 ws3a\">on cash flow hedges held by joint <span class=\"_ _2\"></span>ventures</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls29 ws44\"><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"> </span> </span></span></span></div></td><td class=\"c x2fb y2d3b w25 h94\"><div class=\"t m0 x186 h88 y1c81 ff12c fs3a fc2 sc0 ls20 ws36\">(3,950)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d3b w20 h94\"><div class=\"t m0 x2d h88 y1c81 ff130 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff12c\"> <span class=\"_ _3\"></span> </span></div></td><td class=\"c x320 y2d3c w184 hfb\"><div class=\"t m0 x245 h88 y29ed ff12c fs3a fc2 sc0 ls20 ws36\">(3,950<span class=\"_ _195\"> </span></div><div class=\"t m0 x31f h88 y29ed ff12c fs3a fc2 sc0 ls1 ws0\">)<span class=\"_ _195\"> </span></div></td></tr><tr><td class=\"c x24b y2d3d w98 h86\"><div class=\"t m0 x0 h88 y1be8 ff12c fs3a fc2 sc0 ls24 ws3a\">Advances to joint ventures, net<span class=\"ls1 ws0\"> </span>of repayments<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d3d w48 h86\"><div class=\"t m0 x183 h88 y1be8 ff12c fs3a fc2 sc0 ls20 ws36\">20,260<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d3d w20 h86\"><div class=\"t m0 x2d h88 y1be8 ff130 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff12c\"> </span></div></td><td class=\"c x2fa y2d3d w2a h86\"><div class=\"t m0 x183 h88 y1be8 ff12c fs3a fc2 sc0 ls20 ws36\">20,260<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d3e w98 h86\"><div class=\"t m0 x0 h88 y1bf4 ff12c fs3a fc2 sc0 ls24 ws3a\">Investment in joint venture<span class=\"ls1 ws0\"> <span class=\"ls2e ws4c\">and associat<span class=\"_ _2\"></span>e</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d3e w48 h86\"><div class=\"t m0 x184 h88 y1bf4 ff12c fs3a fc2 sc0 ls20 ws36\">6,600<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d3e w20 h86\"><div class=\"t m0 x2d h88 y1bf4 ff130 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff12c\"> </span></div></td><td class=\"c x2fa y2d3e w2a h86\"><div class=\"t m0 x184 h88 y1bf4 ff12c fs3a fc2 sc0 ls20 ws36\">6,600<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2c67 w98 h8a\"><div class=\"t m0 x0 h88 y1c3f ff12c fs3a fc2 sc0 ls24 ws3a\">Consolidation of HS4 and Avenir sub<span class=\"_ _2\"></span>sequent to acquiring remaining shares<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2c67 w25 h8a\"><div class=\"t m0 x17f h88 y1c3f ff12c fs3a fc2 sc0 ls20 ws36\">(136,489)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2c67 w20 h8a\"><div class=\"t m0 x2d h88 y1c3f ff130 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff12c\"> </span></div></td><td class=\"c x322 y2d3f w185 hfb\"><div class=\"t m0 x245 h88 y29ed ff12c fs3a fc2 sc0 ls20 ws36\">(136,489<span class=\"_ _195\"> </span></div><div class=\"t m0 x321 h88 y29ed ff12c fs3a fc2 sc0 ls1 ws0\">)<span class=\"_ _195\"> </span></div></td></tr><tr><td class=\"c x24b y2d40 w98 h86\"><div class=\"t m0 x0 h88 y1bf4 ff12c fs3a fc2 sc0 ls2a ws45\">Othe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2d40 w48 h86\"><div class=\"t m0 x1a0 h88 y1bf4 ff12c fs3a fc2 sc0 ls20 ws36\">761<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d40 w24 h86\"><div class=\"t m0 x171 h88 y1bf4 ff12c fs3a fc2 sc0 ls20 ws36\">(94)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d40 w2a h86\"><div class=\"t m0 x1a0 h88 y1bf4 ff12c fs3a fc2 sc0 ls20 ws36\">667<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d41 w98 h86\"><div class=\"t m0 x0 h87 y1bef ff12d fs3a fc2 sc0 ls21 ws38\">Bala<span class=\"_ _2\"></span>nce, N<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 30, 20<span class=\"_ _2\"></span><span class=\"ls66 ws9d\">25</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2fb y2d41 w48 h86\"><div class=\"t m0 x180 h87 y1bef ff12d fs3a fc2 sc0 ls21 ws35\">624,<span class=\"_ _2\"></span>739<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d41 w20 h86\"><div class=\"t m0 x185 h87 y1bef ff12d fs3a fc2 sc0 ls21 ws35\">2,63<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d41 w2a h86\"><div class=\"t m0 x180 h87 y1bef ff12d fs3a fc2 sc0 ls21 ws35\">627,<span class=\"_ _2\"></span>377<span class=\"ls1 ws0\"> </span></div></td></tr></table>Summaris<span class=\"_ _2\"></span>ed financi<span class=\"_ _2\"></span>al inf<span class=\"_ _2\"></span>ormati<span class=\"_ _2\"></span>on of ma<span class=\"_ _2\"></span>te<span class=\"ls46 ws6f\">ria<span class=\"_ _2\"></span>l join<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\"> <span class=\"ls72 wsce\">vent<span class=\"_ _1\"></span>ures<span class=\"ls1 ws0\"> </span></span></span></span>The below table<span class=\"_ _2\"></span> provides s<span class=\"_ _2\"></span><span class=\"ff135 ls30 ws50\">umm<span class=\"_ _2\"></span>arise<span class=\"_ _2\"></span>d fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al inf<span class=\"_ _2\"></span>orm<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span>\u2019s ma<span class=\"_ _2\"></span>terial<span class=\"_ _2\"></span> jo<span class=\"_ _2\"></span>int <span class=\"_ _2\"></span>ventu<span class=\"_ _2\"></span>res</span><span class=\"ls1 ws0\">, <span class=\"ff135 ls30 ws50\">represe<span class=\"_ _2\"></span>nting 1<span class=\"_ _2\"></span>00<span class=\"_ _2\"></span>% of <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>respec<span class=\"_ _2\"></span>tive<span class=\"_ _2\"></span> amo<span class=\"_ _2\"></span>unts i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>ed i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> indi<span class=\"_ _2\"></span>vidu<span class=\"_ _2\"></span>al joi<span class=\"_ _2\"></span>nt ve<span class=\"_ _2\"></span>nture<span class=\"_ _2\"></span>s\u2019 <span class=\"_ _2\"></span></span>f<span class=\"ls30 ws52\">inancia<span class=\"_ _2\"></span>l<span class=\"_ _195\"> </span></span></span>s<span class=\"ls30 ws50\">tatements<span class=\"_ _2\"></span> as of<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>r the<span class=\"_ _2\"></span> years<span class=\"_ _2\"></span> <span class=\"ls31 ws51\">ended November 30, 2025 and 2024. The</span></span> <span class=\"ls2f ws4e\">fig<span class=\"ws70\">ures h<span class=\"_ _2\"></span>ave been amended <span class=\"_ _2\"></span>to reflect m<span class=\"_ _2\"></span>odifications <span class=\"_ _2\"></span>for difference<span class=\"_ _2\"></span>s in acco<span class=\"_ _2\"></span>unting poli<span class=\"_ _2\"></span>cy.<span class=\"_ _195\"> </span></span></span>Long<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">term financia<span class=\"_ _2\"></span>l liabilities<span class=\"_ _2\"></span> for NYK <span class=\"_ _2\"></span>Stolt Tankers <span class=\"_ _2\"></span>S.A. included <span class=\"_ _2\"></span>shareholder loa<span class=\"_ _2\"></span>ns of </span>$<span class=\"ls31 ws53\">124.9</span> <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">milli<span class=\"_ _2\"></span>on<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">and <span class=\"ls31 ws53\">$85.<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">millio<span class=\"_ _2\"></span>n <span class=\"ls30 ws50\">as of<span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">Novemb<span class=\"_ _2\"></span>er</span> <span class=\"ls31 ws51\">30, 2025 and 2024</span></span></span><span class=\"ws70\">, respectively.<span class=\"_ _2\"></span> </span></span></span></span></span></span></span></span><table class=\"s w17b h141\" id=\"_6f4b2d85-52b3-45ec-a9c1-9d482b927ddc\"><tr><td></td><td class=\"t m0 x32a h82 y2d4f ff134 fs3b fc2 sc0 ls1 ws32\">NYK Stolt <span class=\"ws0\"> </span></td><td></td><td class=\"t m0 x327 h82 y2d4f ff134 fs3b fc2 sc0 ls1 ws32\">NYK Stolt <span class=\"ws0\"> </span></td><td></td><td class=\"t m0 x32b h82 y2d4f ff134 fs3b fc2 sc0 ls39 ws31\">Shan<span class=\"_ _2\"></span>ghai S<span class=\"_ _2\"></span>C<span class=\"ls1 ws0\">-Stolt</span><span class=\"ls1 ws0\"> </span><span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x305 h82 y2d50 ff134 fs3b fc2 sc0 ls1 ws32\">Tankers S.A.<span class=\"ws0\"> </span></td><td></td><td class=\"t m0 x32c h82 y2d50 ff134 fs3b fc2 sc0 ls2d ws4a\">Shipholding<span class=\"_ _2\"></span> <span class=\"ls1 ws32\">Pte. Ltd.</span><span class=\"ls1 ws32\"><span class=\"ws0\"> </span></span></td><td></td><td class=\"t m0 x306 h82 y2d50 ff134 fs3b fc2 sc0 ls2d wsa4\">Shipping<span class=\"_ _2\"></span> Ltd<span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td class=\"c x24b y2d51 w99 h83\"><div class=\"t m0 x0 h82 y1c44 ff134 fs3b fc2 sc0 ls1 ws0\">(<span class=\"ls2d ws4a\"></span><span class=\"ls2d ws4a\">in</span> <span class=\"ls1c ws30\">US </span>$ thousands) </div></td><td class=\"c x32d y2d51 w9a h83\"><div class=\"t m0 x1 h85 y1c8e ff133 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32e y2d51 w9b h83\"><div class=\"t m0 x1 h82 y1c8e ff134 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32f y2d51 w9c h83\"><div class=\"t m0 x1 h85 y1c8e ff133 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x330 y2d51 w9b h83\"><div class=\"t m0 x1 h82 y1c8e ff134 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x331 y2d51 w9d h83\"><div class=\"t m0 x1 h85 y1c8e ff133 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x332 y2d51 w9a h83\"><div class=\"t m0 x1 h82 y1c8e ff134 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d52 w99 h86\"><div class=\"t m0 x0 h87 y1c4c ff133 fs3a fc2 sc0 ls1f ws33\">Selected Ba<span class=\"_ _2\"></span>lance <span class=\"_ _2\"></span>Sheet In<span class=\"_ _2\"></span>formatio<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2d53 w99 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff134 fs3a fc2 sc0 ls24 ws3a\">Cash and cash equivalents<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32d y2d53 w9a h8a\"><div class=\"t m0 x1ce h87 y1bf6 ff133 fs3a fc2 sc0 ls23 ws39\">48,254<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32e y2d53 w9b h8a\"><div class=\"t m0 x47 h88 y1bf6 ff134 fs3a fc2 sc0 ls20 ws36\">41,282<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32f y2d53 w9c h8a\"><div class=\"t m0 x1ce h87 y1bf6 ff133 fs3a fc2 sc0 ls23 ws39\">13,851<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x330 y2d53 w9b h8a\"><div class=\"t m0 x47 h88 y1bf6 ff134 fs3a fc2 sc0 ls20 ws36\">26,754<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x331 y2d53 w9d h8a\"><div class=\"t m0 x1a0 h87 y1bf6 ff133 fs3a fc2 sc0 ls21 ws35\">7,31<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x332 y2d53 w9a h8a\"><div class=\"t m0 x47 h88 y1bf6 ff134 fs3a fc2 sc0 ls20 ws36\">24,814<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d54 w99 h8b\"><div class=\"t m0 x0 h88 y1c50 ff134 fs3a fc2 sc0 ls25 ws3c\">Current asset<span class=\"_ _2\"></span>s,<span class=\"ls1 ws0\"> <span class=\"ls24 ws3a\">other than</span> <span class=\"_ _1\"></span><span class=\"ls2e ws5c\">cash</span></span><span class=\"ls1 ws0\"><span class=\"ls2e ws5c\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x32d y2d54 w9a h8b\"><div class=\"t m0 x1a0 h87 y1c50 ff133 fs3a fc2 sc0 ls21 ws35\">9,45<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32e y2d54 w9b h8b\"><div class=\"t m0 x47 h88 y1c50 ff134 fs3a fc2 sc0 ls20 ws36\">15,009<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32f y2d54 w9c h8b\"><div class=\"t m0 x1a0 h87 y1c50 ff133 fs3a fc2 sc0 ls21 ws35\">7,26<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x330 y2d54 w9b h8b\"><div class=\"t m0 x171 h88 y1c50 ff134 fs3a fc2 sc0 ls20 ws36\">8,135<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x331 y2d54 w9d h8b\"><div class=\"t m0 x1a0 h87 y1c50 ff133 fs3a fc2 sc0 ls21 ws35\">6,70<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x332 y2d54 w9a h8b\"><div class=\"t m0 x171 h88 y1c50 ff134 fs3a fc2 sc0 ls20 ws36\">5,389<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d55 w99 h86\"><div class=\"t m0 x0 h88 y1bfa ff134 fs3a fc2 sc0 ls23 ws4b\">Current ass<span class=\"_ _1\"></span>ets<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32d y2d55 w9a h86\"><div class=\"t m0 x1ce h87 y1bfa ff133 fs3a fc2 sc0 ls23 ws39\">57,708<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32e y2d55 w9b h86\"><div class=\"t m0 x47 h88 y1bfa ff134 fs3a fc2 sc0 ls20 ws36\">56,291<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32f y2d55 w9c h86\"><div class=\"t m0 x1ce h87 y1bfa ff133 fs3a fc2 sc0 ls23 ws39\">21,119<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x330 y2d55 w9b h86\"><div class=\"t m0 x47 h88 y1bfa ff134 fs3a fc2 sc0 ls20 ws36\">34,889<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x331 y2d55 w9d h86\"><div class=\"t m0 x1ce h87 y1bfa ff133 fs3a fc2 sc0 ls23 ws39\">14,021<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x332 y2d55 w9a h86\"><div class=\"t m0 x47 h88 y1bfa ff134 fs3a fc2 sc0 ls20 ws36\">30,203<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d56 w99 h8a\"><div class=\"t m0 x0 h88 y1c4d ff134 fs3a fc2 sc0 ls22 ws3e\">Non<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls23 ws4b\">current asse<span class=\"_ _1\"></span>ts</span></span><span class=\"ls1 ws0\"><span class=\"ls23 ws4b\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x32d y2d56 w9a h8a\"><div class=\"t m0 x186 h87 y1c4d ff133 fs3a fc2 sc0 ls21 ws35\">315,<span class=\"_ _2\"></span>461<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32e y2d56 w9b h8a\"><div class=\"t m0 x182 h88 y1c4d ff134 fs3a fc2 sc0 ls20 ws36\">294,460<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32f y2d56 w9c h8a\"><div class=\"t m0 x186 h87 y1c4d ff133 fs3a fc2 sc0 ls21 ws35\">157,<span class=\"_ _2\"></span>641<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x330 y2d56 w9b h8a\"><div class=\"t m0 x182 h88 y1c4d ff134 fs3a fc2 sc0 ls20 ws36\">154,777<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x331 y2d56 w9d h8a\"><div class=\"t m0 x1ce h87 y1c4d ff133 fs3a fc2 sc0 ls23 ws39\">75,793<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x332 y2d56 w9a h8a\"><div class=\"t m0 x47 h88 y1c4d ff134 fs3a fc2 sc0 ls20 ws36\">55,363<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d57 w99 h86\"><div class=\"t m0 x0 h88 y1bde ff134 fs3a fc2 sc0 ls29 ws44\">Total <span class=\"ls1 ws0\">a<span class=\"_ _1\"></span><span class=\"ls25 ws41\">ssets</span></span><span class=\"ls1 ws0\"><span class=\"ls25 ws41\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x32d y2d57 w9a h86\"><div class=\"t m0 x186 h87 y1bde ff133 fs3a fc2 sc0 ls21 ws35\">373,<span class=\"_ _2\"></span>169<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32e y2d57 w9b h86\"><div class=\"t m0 x182 h88 y1bde ff134 fs3a fc2 sc0 ls20 ws36\">350,751<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32f y2d57 w9c h86\"><div class=\"t m0 x186 h87 y1bde ff133 fs3a fc2 sc0 ls21 ws35\">178,<span class=\"_ _2\"></span>760<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x330 y2d57 w9b h86\"><div class=\"t m0 x182 h88 y1bde ff134 fs3a fc2 sc0 ls20 ws36\">189,666<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x331 y2d57 w9d h86\"><div class=\"t m0 x1ce h87 y1bde ff133 fs3a fc2 sc0 ls23 ws39\">89,814<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x332 y2d57 w9a h86\"><div class=\"t m0 x47 h88 y1bde ff134 fs3a fc2 sc0 ls20 ws36\">85,566<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d58 w99 h86\"><div class=\"t m0 x0 h88 y1c05 ff134 fs3a fc2 sc0 ls29 ws42\">Financial lia<span class=\"_ _2\"></span>bilities,<span class=\"_ _2\"></span> other t<span class=\"_ _2\"></span>han accou<span class=\"_ _2\"></span>nts payable<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32d y2d58 w9a h86\"><div class=\"t m0 x1a0 h87 y1c05 ff133 fs3a fc2 sc0 ls21 ws35\">9,32<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32e y2d58 w9b h86\"><div class=\"t m0 x47 h88 y1c05 ff134 fs3a fc2 sc0 ls20 ws36\">13,692<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32f y2d58 w9c h86\"><div class=\"t m0 x1ce h87 y1c05 ff133 fs3a fc2 sc0 ls23 ws39\">13,951<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x330 y2d58 w9b h86\"><div class=\"t m0 x171 h88 y1c05 ff134 fs3a fc2 sc0 ls20 ws36\">4,498<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x331 y2d58 w9d h86\"><div class=\"t m0 x99 h87 y1c05 ff136 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff133\"> </span></div></td><td class=\"c x332 y2d58 w9a h86\"><div class=\"t m0 x99 h88 y1c05 ff135 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff134\"> </span></div></td></tr><tr><td class=\"c x24b y2d59 w99 h8a\"><div class=\"t m0 x0 h88 y1c03 ff134 fs3a fc2 sc0 ls29 ws42\">Other cur<span class=\"_ _2\"></span>rent liabilit<span class=\"_ _2\"></span>ies<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32d y2d59 w9a h8a\"><div class=\"t m0 x1a0 h87 y1c03 ff133 fs3a fc2 sc0 ls21 ws35\">4,25<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32e y2d59 w9b h8a\"><div class=\"t m0 x171 h88 y1c03 ff134 fs3a fc2 sc0 ls20 ws36\">8,091<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32f y2d59 w9c h8a\"><div class=\"t m0 x99 h87 y1c03 ff136 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff133\"> </span></div></td><td class=\"c x330 y2d59 w9b h8a\"><div class=\"t m0 x99 h88 y1c03 ff135 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff134\"> </span></div></td><td class=\"c x331 y2d59 w9d h8a\"><div class=\"t m0 x1a0 h87 y1c03 ff133 fs3a fc2 sc0 ls21 ws35\">7,52<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x332 y2d59 w9a h8a\"><div class=\"t m0 x171 h88 y1c03 ff134 fs3a fc2 sc0 ls20 ws36\">4,140<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d5a w99 h8c\"><div class=\"t m0 x0 h88 y1c18 ff134 fs3a fc2 sc0 ls29 ws42\">Curren<span class=\"_ _2\"></span>t liabilities<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32d y2d5a w9a h8c\"><div class=\"t m0 x1ce h87 y1c18 ff133 fs3a fc2 sc0 ls23 ws39\">13,581<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32e y2d5a w9b h8c\"><div class=\"t m0 x47 h88 y1c18 ff134 fs3a fc2 sc0 ls20 ws36\">21,783<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32f y2d5a w9c h8c\"><div class=\"t m0 x1ce h87 y1c18 ff133 fs3a fc2 sc0 ls23 ws39\">13,951<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x330 y2d5a w9b h8c\"><div class=\"t m0 x171 h88 y1c18 ff134 fs3a fc2 sc0 ls20 ws36\">4,498<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x331 y2d5a w9d h8c\"><div class=\"t m0 x1a0 h87 y1c18 ff133 fs3a fc2 sc0 ls21 ws35\">7,52<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x332 y2d5a w9a h8c\"><div class=\"t m0 x171 h88 y1c18 ff134 fs3a fc2 sc0 ls20 ws36\">4,140<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d5b w99 h89\"><div class=\"t m0 x0 h88 y1be2 ff134 fs3a fc2 sc0 ls22 ws3e\">Non<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls22 ws37\">current f<span class=\"ls29 wsc1\">inancial liabilitie<span class=\"_ _2\"></span>s</span></span></span><span class=\"ls1 ws0\"><span class=\"ls22 ws37\"><span class=\"ls29 wsc1\"><span class=\"ls1 ws0\"> </span></span></span></span></div></td><td class=\"c x32d y2d5b w9a h89\"><div class=\"t m0 x186 h87 y1be2 ff133 fs3a fc2 sc0 ls21 ws35\">211,<span class=\"_ _2\"></span>733<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32e y2d5b w9b h89\"><div class=\"t m0 x182 h88 y1be2 ff134 fs3a fc2 sc0 ls20 ws36\">190,693<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32f y2d5b w9c h89\"><div class=\"t m0 x1ce h87 y1be2 ff133 fs3a fc2 sc0 ls23 ws39\">14,792<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x330 y2d5b w9b h89\"><div class=\"t m0 x47 h88 y1be2 ff134 fs3a fc2 sc0 ls20 ws36\">33,854<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x331 y2d5b w9d h89\"><div class=\"t m0 x1 h87 y1be2 ff133 fs3a fc2 sc0 ls21 ws35\">738<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x332 y2d5b w9a h89\"><div class=\"t m0 xaf h88 y1be2 ff134 fs3a fc2 sc0 ls20 ws36\">745<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d5c w99 h86\"><div class=\"t m0 x0 h88 y2112 ff134 fs3a fc2 sc0 ls24 ws3a\">Other non<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">current liabilitie<span class=\"_ _2\"></span>s</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32d y2d5c w9a h86\"><div class=\"t m0 x99 h87 y2112 ff136 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff133\"> </span></div></td><td class=\"c x32e y2d5c w9b h86\"><div class=\"t m0 x99 h88 y2112 ff135 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff134\"> </span></div></td><td class=\"c x32f y2d5c w9c h86\"><div class=\"t m0 x1a0 h87 y2112 ff133 fs3a fc2 sc0 ls21 ws35\">3,37<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x330 y2d5c w9b h86\"><div class=\"t m0 x99 h88 y2112 ff135 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff134\"> </span></div></td><td class=\"c x331 y2d5c w9d h86\"><div class=\"t m0 x99 h87 y2112 ff136 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff133\"> </span></div></td><td class=\"c x332 y2d5c w9a h86\"><div class=\"t m0 x99 h88 y2112 ff135 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff134\"> </span></div></td></tr><tr><td class=\"c x24b y2d5d w99 h8a\"><div class=\"t m0 x0 h88 y1c65 ff134 fs3a fc2 sc0 ls29 ws42\">Total non<span class=\"ls1 ws0\">-</span>curren<span class=\"_ _2\"></span>t liabilities<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32d y2d5d w9a h8a\"><div class=\"t m0 x186 h87 y1c65 ff133 fs3a fc2 sc0 ls21 ws35\">211,<span class=\"_ _2\"></span>733<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32e y2d5d w9b h8a\"><div class=\"t m0 x182 h88 y1c65 ff134 fs3a fc2 sc0 ls20 ws36\">190,693<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32f y2d5d w9c h8a\"><div class=\"t m0 x1ce h87 y1c65 ff133 fs3a fc2 sc0 ls23 ws39\">18,167<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x330 y2d5d w9b h8a\"><div class=\"t m0 x47 h88 y1c65 ff134 fs3a fc2 sc0 ls20 ws36\">33,854<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x331 y2d5d w9d h8a\"><div class=\"t m0 x1 h87 y1c65 ff133 fs3a fc2 sc0 ls21 ws35\">738<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x332 y2d5d w9a h8a\"><div class=\"t m0 xaf h88 y1c65 ff134 fs3a fc2 sc0 ls20 ws36\">745<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d5e w99 h86\"><div class=\"t m0 x0 h87 y1be8 ff133 fs3a fc2 sc0 ls1f ws33\">Net Asset<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32d y2d5e w9a h86\"><div class=\"t m0 x186 h87 y1be8 ff133 fs3a fc2 sc0 ls21 ws35\">147,<span class=\"_ _2\"></span>855<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32e y2d5e w9b h86\"><div class=\"t m0 x182 h88 y1be8 ff134 fs3a fc2 sc0 ls20 ws36\">138,275<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32f y2d5e w9c h86\"><div class=\"t m0 x186 h87 y1be8 ff133 fs3a fc2 sc0 ls21 ws35\">146,<span class=\"_ _2\"></span>642<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x330 y2d5e w9b h86\"><div class=\"t m0 x182 h88 y1be8 ff134 fs3a fc2 sc0 ls20 ws36\">151,314<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x331 y2d5e w9d h86\"><div class=\"t m0 x1ce h87 y1be8 ff133 fs3a fc2 sc0 ls23 ws39\">81,556<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x332 y2d5e w9a h86\"><div class=\"t m0 x47 h88 y1be8 ff134 fs3a fc2 sc0 ls20 ws36\">80,681<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d5f w99 h8a\"><div class=\"t m0 x0 h87 y1ee3 ff133 fs3a fc2 sc0 ls1f ws33\">Selected I<span class=\"_ _2\"></span>ncome <span class=\"_ _2\"></span>Statement<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls25 ws41\">Information</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2d60 w99 h89\"><div class=\"t m0 x0 h88 y1bf4 ff134 fs3a fc2 sc0 ls24 ws3a\">Operating revenue<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x333 h87 y2d61 ff133 fs3a fc2 sc0 ls23 ws39\">87,321<span class=\"_ _195\"> </span></td><td class=\"t m0 x334 h88 y2d61 ff134 fs3a fc2 sc0 ls20 ws36\">105,068<span class=\"_ _195\"> </span></td><td class=\"t m0 x335 h87 y2d61 ff133 fs3a fc2 sc0 ls23 ws39\">52,419<span class=\"_ _195\"> </span></td><td class=\"t m0 x336 h88 y2d61 ff134 fs3a fc2 sc0 ls20 ws36\">63,455<span class=\"_ _195\"> </span></td><td class=\"c x331 y2d60 w9d h89\"><div class=\"t m0 x1ce h87 y1bf4 ff133 fs3a fc2 sc0 ls23 ws39\">36,978<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x332 y2d60 w9a h89\"><div class=\"t m0 x47 h88 y1bf4 ff134 fs3a fc2 sc0 ls20 ws36\">34,896<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d62 w99 h86\"><div class=\"t m0 x0 h88 y1bef ff134 fs3a fc2 sc0 ls22 ws37\">Depreciati<span class=\"_ _1\"></span>on and amortis<span class=\"_ _1\"></span>ation<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32d y2d62 w9a h86\"><div class=\"t m0 x1ce h87 y1bef ff133 fs3a fc2 sc0 ls23 ws39\">16,194<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32e y2d62 w9b h86\"><div class=\"t m0 x47 h88 y1bef ff134 fs3a fc2 sc0 ls20 ws36\">15,052<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32f y2d62 w9c h86\"><div class=\"t m0 x1ce h87 y1bef ff133 fs3a fc2 sc0 ls23 ws39\">12,127<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x330 y2d62 w9b h86\"><div class=\"t m0 x47 h88 y1bef ff134 fs3a fc2 sc0 ls20 ws36\">12,006<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x331 y2d62 w9d h86\"><div class=\"t m0 x1a0 h87 y1bef ff133 fs3a fc2 sc0 ls21 ws35\">7,48<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x332 y2d62 w9a h86\"><div class=\"t m0 x171 h88 y1bef ff134 fs3a fc2 sc0 ls20 ws36\">6,025<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d63 w99 h8c\"><div class=\"t m0 x0 h88 y1bf1 ff134 fs3a fc2 sc0 ls24 ws3a\">Finance income<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32d y2d63 w9a h8c\"><div class=\"t m0 x99 h87 y1bf1 ff136 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff133\"> </span></div></td><td class=\"c x32e y2d63 w9b h8c\"><div class=\"t m0 x99 h88 y1bf1 ff135 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff134\"> </span></div></td><td class=\"c x32f y2d63 w9c h8c\"><div class=\"t m0 x1 h87 y1bf1 ff133 fs3a fc2 sc0 ls21 ws35\">790<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x330 y2d63 w9b h8c\"><div class=\"t m0 xaf h88 y1bf1 ff134 fs3a fc2 sc0 ls20 ws36\">486<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x331 y2d63 w9d h8c\"><div class=\"t m0 x99 h87 y1bf1 ff136 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff133\"> </span></div></td><td class=\"c x332 y2d63 w9a h8c\"><div class=\"t m0 x99 h88 y1bf1 ff135 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff134\"> </span></div></td></tr><tr><td class=\"c x24b y2d64 w99 h89\"><div class=\"t m0 x0 h88 y2299 ff134 fs3a fc2 sc0 ls24 ws3a\">Finance expense<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x337 h87 y2d65 ff133 fs3a fc2 sc0 ls21 ws35\">6,07<span class=\"_ _2\"></span>5<span class=\"_ _195\"> </span></td><td class=\"t m0 x338 h88 y2d65 ff134 fs3a fc2 sc0 ls20 ws36\">8,641<span class=\"_ _195\"> </span></td><td class=\"t m0 x339 h87 y2d65 ff133 fs3a fc2 sc0 ls21 ws35\">1,63<span class=\"_ _2\"></span>0<span class=\"_ _195\"> </span></td><td class=\"t m0 x33a h88 y2d65 ff134 fs3a fc2 sc0 ls20 ws36\">2,019<span class=\"_ _195\"> </span></td><td class=\"c x331 y2d64 w9d h89\"><div class=\"t m0 x99 h87 y2299 ff136 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff133\"> </span></div></td><td class=\"c x332 y2d64 w9a h89\"><div class=\"t m0 x99 h88 y2299 ff135 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff134\"> </span></div></td></tr><tr><td class=\"c x24b y2d66 w99 h86\"><div class=\"t m0 x0 h88 y1c50 ff134 fs3a fc2 sc0 ls22 ws3e\">Profit <span class=\"_ _3\"></span><span class=\"ls25 ws41\">(<span class=\"_ _2\"></span>loss) <span class=\"ls22 ws37\">b<span class=\"_ _1\"></span>efore taxes</span></span><span class=\"ls25 ws41\"><span class=\"ls22 ws37\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x32d y2d66 w9a h86\"><div class=\"t m0 x1ce h87 y1c50 ff133 fs3a fc2 sc0 ls23 ws39\">22,303<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32e y2d66 w9b h86\"><div class=\"t m0 x47 h88 y1c50 ff134 fs3a fc2 sc0 ls20 ws36\">35,184<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32f y2d66 w9c h86\"><div class=\"t m0 x1a0 h87 y1c50 ff133 fs3a fc2 sc0 ls21 ws35\">7,58<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x330 y2d66 w9b h86\"><div class=\"t m0 x47 h88 y1c50 ff134 fs3a fc2 sc0 ls20 ws36\">18,655<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x331 y2d66 w9e h86\"><div class=\"t m0 x1ce h87 y1c50 ff133 fs3a fc2 sc0 ls21 ws35\">(1,18<span class=\"_ _2\"></span>8)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x332 y2d66 w9a h86\"><div class=\"t m0 x171 h88 y1c50 ff134 fs3a fc2 sc0 ls20 ws36\">1,801<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d67 w99 h8c\"><div class=\"t m0 x0 h88 y1bf6 ff134 fs3a fc2 sc0 ls24 ws3a\">Income tax expense<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32d y2d67 w9a h8c\"><div class=\"t m0 x99 h87 y1bf6 ff136 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff133\"> </span></div></td><td class=\"c x32e y2d67 w9b h8c\"><div class=\"t m0 x99 h88 y1bf6 ff135 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff134\"> </span></div></td><td class=\"c x32f y2d67 w9c h8c\"><div class=\"t m0 x99 h87 y1bf6 ff136 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff133\"> </span></div></td><td class=\"c x330 y2d67 w9b h8c\"><div class=\"t m0 x99 h88 y1bf6 ff135 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff134\"> </span></div></td><td class=\"c x331 y2d67 w9d h8c\"><div class=\"t m0 x1 h87 y1bf6 ff133 fs3a fc2 sc0 ls21 ws35\">167<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x332 y2d67 w9a h8c\"><div class=\"t m0 xaf h88 y1bf6 ff134 fs3a fc2 sc0 ls20 ws36\">329<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d68 w99 h8a\"><div class=\"t m0 x0 h88 y1c4d ff134 fs3a fc2 sc0 ls22 ws37\">Net profit <span class=\"ls25 ws41\">(<span class=\"_ _1\"></span>loss)</span><span class=\"ls25 ws41\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x32d y2d68 w9a h8a\"><div class=\"t m0 x1ce h87 y1c4d ff133 fs3a fc2 sc0 ls23 ws39\">22,303<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32e y2d68 w9b h8a\"><div class=\"t m0 x47 h88 y1c4d ff134 fs3a fc2 sc0 ls20 ws36\">35,184<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32f y2d68 w9c h8a\"><div class=\"t m0 x1a0 h87 y1c4d ff133 fs3a fc2 sc0 ls21 ws35\">7,58<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x330 y2d68 w9b h8a\"><div class=\"t m0 x47 h88 y1c4d ff134 fs3a fc2 sc0 ls20 ws36\">18,655<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x331 y2d68 w9e h8a\"><div class=\"t m0 x1ce h87 y1c4d ff133 fs3a fc2 sc0 ls21 ws35\">(1,02<span class=\"_ _2\"></span>1)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x332 y2d68 w9a h8a\"><div class=\"t m0 x171 h88 y1c4d ff134 fs3a fc2 sc0 ls20 ws36\">2,130<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d69 w99 h86\"><div class=\"t m0 x0 h88 y1bfa ff134 fs3a fc2 sc0 ls26 ws3d\">Other comprehen<span class=\"_ _1\"></span>sive <span class=\"ls25 ws41\">(loss) <span class=\"ls2a ws45\">income</span></span><span class=\"ls25 ws41\"><span class=\"ls2a ws45\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x32d y2d69 w9f h86\"><div class=\"t m0 x1be h87 y1bfa ff133 fs3a fc2 sc0 ls21 ws35\">(965)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32e y2d69 w9e h86\"><div class=\"t m0 x19f h88 y1bfa ff134 fs3a fc2 sc0 ls20 ws36\">(847)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32f y2d69 wa0 h86\"><div class=\"t m0 x1ce h87 y1bfa ff133 fs3a fc2 sc0 ls21 ws35\">(3,75<span class=\"_ _2\"></span>3)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x330 y2d69 w9e h86\"><div class=\"t m0 x19f h88 y1bfa ff134 fs3a fc2 sc0 ls20 ws36\">(493)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x331 y2d69 w9d h86\"><div class=\"t m0 x1a0 h87 y1bfa ff133 fs3a fc2 sc0 ls21 ws35\">1,89<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\">  </span></div></td><td class=\"c x332 y2d69 wa1 h86\"><div class=\"t m0 x19f h88 y1bfa ff134 fs3a fc2 sc0 ls20 ws36\">(444)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d6a w99 h86\"><div class=\"t m0 x0 h88 y1c05 ff134 fs3a fc2 sc0 ls29 ws42\">Total compre<span class=\"_ _2\"></span>hensive inco<span class=\"_ _2\"></span>me<span class=\"ls1 ws0\"> </span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32d y2d6a w9a h86\"><div class=\"t m0 x1ce h87 y1c05 ff133 fs3a fc2 sc0 ls23 ws39\">21,338<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32e y2d6a w9b h86\"><div class=\"t m0 x47 h88 y1c05 ff134 fs3a fc2 sc0 ls20 ws36\">34,337<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32f y2d6a w9c h86\"><div class=\"t m0 x1a0 h87 y1c05 ff133 fs3a fc2 sc0 ls21 ws35\">3,82<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x330 y2d6a w9b h86\"><div class=\"t m0 x47 h88 y1c05 ff134 fs3a fc2 sc0 ls20 ws36\">18,162<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x331 y2d6a w9d h86\"><div class=\"t m0 x1 h87 y1c05 ff133 fs3a fc2 sc0 ls21 ws35\">876<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x332 y2d6a w9a h86\"><div class=\"t m0 x171 h88 y1c05 ff134 fs3a fc2 sc0 ls20 ws36\">1,686<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d6b w99 h8c\"><div class=\"t m0 x0 h88 y1c03 ff134 fs3a fc2 sc0 ls24 ws3a\">Dividends received by Group<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32d y2d6b w9a h8c\"><div class=\"t m0 x1a0 h87 y1c03 ff133 fs3a fc2 sc0 ls21 ws35\">5,50<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32e y2d6b w9b h8c\"><div class=\"t m0 x171 h88 y1c03 ff134 fs3a fc2 sc0 ls20 ws36\">3,000<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32f y2d6b w9c h8c\"><div class=\"t m0 x1a0 h87 y1c03 ff133 fs3a fc2 sc0 ls21 ws35\">4,25<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x330 y2d6b w9b h8c\"><div class=\"t m0 x99 h88 y1c03 ff135 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff134\"> </span></div></td><td class=\"c x331 y2d6b w9d h8c\"><div class=\"t m0 x99 h87 y1c03 ff136 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff133\"> </span></div></td><td class=\"c x332 y2d6b w9a h8c\"><div class=\"t m0 x99 h88 y1c03 ff135 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff134\"> </span></div></td></tr></table>The<span class=\"ls1 ws0\"> </span><span class=\"ws50\">above <span class=\"_ _2\"></span>joint<span class=\"_ _2\"></span> ve<span class=\"_ _2\"></span>nture<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> pri<span class=\"_ _2\"></span>vate<span class=\"_ _2\"></span> compa<span class=\"_ _2\"></span>nies<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>there<span class=\"_ _2\"></span> are <span class=\"_ _2\"></span>no <span class=\"_ _2\"></span>quote<span class=\"_ _2\"></span>d ma<span class=\"_ _2\"></span>rket p<span class=\"_ _2\"></span>rice<span class=\"_ _2\"></span>s avai<span class=\"_ _2\"></span>labl<span class=\"_ _2\"></span>e f<span class=\"_ _2\"></span>or<span class=\"ls1 ws0\"> </span></span>their<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">s<span class=\"_ _2\"></span>hares.<span class=\"_ _2\"></span> </span></span><table class=\"s w17b h142\" id=\"_a0ebb88c-772a-4025-91cf-7257086af8c1\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x2b1 h82 y2d6c ff13a fs3b fc2 sc0 ls1 ws32\">Tianjin Lingang Stolthaven <span class=\"ws0\"> </span></td><td></td><td class=\"t m0 x33b h82 y2d6c ff13a fs3b fc2 sc0 ls1 ws32\">Tianjin Lingang Stolthaven <span class=\"ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"c x33c y2d6d w65 hd7\"><div class=\"t m0 x17a h82 y1f57 ff13a fs3b fc2 sc0 ls2d ws4a\">Advario<span class=\"ls1 ws0\"> <span class=\"ws32\">Stolthaven Antw<span class=\"_ _2\"></span>erp, NV</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x33d y2d6d w7e hd7\"><div class=\"t m0 x191 h82 y1f57 ff13a fs3b fc2 sc0 ls1 ws0\">Jeong-<span class=\"ws32\">IL Stolthaven Ulsan Co. Ltd</span> </div></td><td></td><td class=\"c x33e y2d6d wa4 hd7\"><div class=\"t m0 x19f h82 y1f57 ff13a fs3b fc2 sc0 ls2d wsa4\">Terminal C<span class=\"_ _2\"></span>o.<span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x2f9 y2d6d w7e hd7\"><div class=\"t m0 x1a0 h82 y1f57 ff13a fs3b fc2 sc0 ls1 ws32\">Jetty Company<span class=\"ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2d6e w14a h102\"><div class=\"t m0 x245 h82 y29a6 ff13a fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2a3 h82 y29a7 ff13a fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x33c y2d6f w48 hb9\"><div class=\"t m0 x177 h85 y1c8e ff139 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d6f w48 hb9\"><div class=\"t m0 x1a0 h82 y1c8e ff13a fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d6f w34 hb9\"><div class=\"t m0 x177 h85 y1c8e ff139 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d6f w20 hb9\"><div class=\"t m0 x1a0 h82 y1c8e ff13a fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td><td class=\"t m0 x30a h85 y2d70 ff139 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"c x341 y2d6f w48 hb9\"><div class=\"t m0 x1a0 h82 y1c8e ff13a fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td><td class=\"t m0 x2db h85 y2d70 ff139 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"c x2fa y2d6f w2a hb9\"><div class=\"t m0 x1a0 h82 y1c8e ff13a fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d71 wa2 h8c\"><div class=\"t m0 x0 h87 y1bf1 ff139 fs3a fc2 sc0 ls1f ws33\">Selected Ba<span class=\"_ _2\"></span>lance <span class=\"_ _2\"></span>Sheet In<span class=\"_ _2\"></span>formatio<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2d72 wa2 h86\"><div class=\"t m0 x0 h88 y1bef ff13a fs3a fc2 sc0 ls24 ws3a\">Cash and cash equivalents<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33c y2d72 w48 h86\"><div class=\"t m0 x185 h87 y1bef ff139 fs3a fc2 sc0 ls21 ws35\">4,28<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d72 w48 h86\"><div class=\"t m0 x184 h88 y1bef ff13a fs3a fc2 sc0 ls20 ws36\">2,800<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d72 w34 h86\"><div class=\"t m0 x193 h87 y1bef ff139 fs3a fc2 sc0 ls27 ws3f\">13<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d72 w20 h86\"><div class=\"t m0 x1 h88 y1bef ff13a fs3a fc2 sc0 ls20 ws36\">12<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2d72 w55 h86\"><div class=\"t m0 x185 h87 y1bef ff139 fs3a fc2 sc0 ls21 ws35\">4,35<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x341 y2d72 w48 h86\"><div class=\"t m0 x184 h88 y1bef ff13a fs3a fc2 sc0 ls20 ws36\">3,084<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d72 w20 h86\"><div class=\"t m0 x185 h87 y1bef ff139 fs3a fc2 sc0 ls21 ws35\">8,37<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d72 w2a h86\"><div class=\"t m0 x184 h88 y1bef ff13a fs3a fc2 sc0 ls20 ws36\">4,735<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d73 wa2 h89\"><div class=\"t m0 x0 h88 y1c50 ff13a fs3a fc2 sc0 ls24 ws3a\">Current assets, ot<span class=\"_ _2\"></span>her than cash<span class=\"_ _195\"> </span></div></td><td class=\"c x33c y2d73 w48 h89\"><div class=\"t m0 x179 h87 y1c50 ff139 fs3a fc2 sc0 ls23 ws39\">26,580<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d73 w48 h89\"><div class=\"t m0 x183 h88 y1c50 ff13a fs3a fc2 sc0 ls20 ws36\">26,300<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d73 w34 h89\"><div class=\"t m0 x179 h87 y1c50 ff139 fs3a fc2 sc0 ls23 ws39\">24,312<span class=\"ls1 ws0\"> </span></div></td><td class=\"t m0 x342 h88 y2d74 ff13a fs3a fc2 sc0 ls20 ws36\">22,698<span class=\"_ _195\"> </span></td><td class=\"t m0 x339 h87 y2d74 ff139 fs3a fc2 sc0 ls21 ws35\">1,13<span class=\"_ _2\"></span>9<span class=\"_ _195\"> </span></td><td class=\"t m0 x278 h88 y2d74 ff13a fs3a fc2 sc0 ls20 ws36\">1,127<span class=\"_ _195\"> </span></td><td class=\"t m0 x343 h87 y2d74 ff139 fs3a fc2 sc0 ls21 ws35\">711<span class=\"_ _195\"> </span></td><td class=\"t m0 x344 h88 y2d74 ff13a fs3a fc2 sc0 ls20 ws36\">3,956<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2d75 wa2 h86\"><div class=\"t m0 x0 h88 y1bfa ff13a fs3a fc2 sc0 ls23 ws4b\">Current ass<span class=\"_ _1\"></span>ets<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33c y2d75 w48 h86\"><div class=\"t m0 x179 h87 y1bfa ff139 fs3a fc2 sc0 ls23 ws39\">30,867<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d75 w48 h86\"><div class=\"t m0 x183 h88 y1bfa ff13a fs3a fc2 sc0 ls20 ws36\">29,100<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d75 w34 h86\"><div class=\"t m0 x179 h87 y1bfa ff139 fs3a fc2 sc0 ls23 ws39\">24,325<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d75 w20 h86\"><div class=\"t m0 x183 h88 y1bfa ff13a fs3a fc2 sc0 ls20 ws36\">22,710<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2d75 w55 h86\"><div class=\"t m0 x185 h87 y1bfa ff139 fs3a fc2 sc0 ls21 ws35\">5,49<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x341 y2d75 w48 h86\"><div class=\"t m0 x184 h88 y1bfa ff13a fs3a fc2 sc0 ls20 ws36\">4,211<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d75 w20 h86\"><div class=\"t m0 x185 h87 y1bfa ff139 fs3a fc2 sc0 ls21 ws35\">9,08<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d75 w2a h86\"><div class=\"t m0 x184 h88 y1bfa ff13a fs3a fc2 sc0 ls20 ws36\">8,691<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d76 wa2 h8a\"><div class=\"t m0 x0 h88 y1c4d ff13a fs3a fc2 sc0 ls22 ws3e\">Non<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls23 ws4b\">current asse<span class=\"_ _1\"></span>ts</span></span><span class=\"ls1 ws0\"><span class=\"ls23 ws4b\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x33c y2d76 w48 h8a\"><div class=\"t m0 x180 h87 y1c4d ff139 fs3a fc2 sc0 ls21 ws35\">347,<span class=\"_ _2\"></span>60<span class=\"ls1 ws0\">8</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d76 w48 h8a\"><div class=\"t m0 x181 h88 y1c4d ff13a fs3a fc2 sc0 ls20 ws36\">316,542<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d76 w34 h8a\"><div class=\"t m0 x180 h87 y1c4d ff139 fs3a fc2 sc0 ls21 ws35\">323,<span class=\"_ _2\"></span>281<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d76 w20 h8a\"><div class=\"t m0 x181 h88 y1c4d ff13a fs3a fc2 sc0 ls20 ws36\">337,249<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2d76 w55 h8a\"><div class=\"t m0 x179 h87 y1c4d ff139 fs3a fc2 sc0 ls23 ws39\">31,817<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x341 y2d76 w48 h8a\"><div class=\"t m0 x183 h88 y1c4d ff13a fs3a fc2 sc0 ls20 ws36\">32,550<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d76 w20 h8a\"><div class=\"t m0 x179 h87 y1c4d ff139 fs3a fc2 sc0 ls23 ws39\">20,755<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d76 w2a h8a\"><div class=\"t m0 x183 h88 y1c4d ff13a fs3a fc2 sc0 ls20 ws36\">21,239<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d77 wa2 h86\"><div class=\"t m0 x0 h88 y1bde ff13a fs3a fc2 sc0 ls29 ws44\">Total <span class=\"ls1 ws0\">a<span class=\"_ _1\"></span><span class=\"ls25 ws41\">ssets</span></span><span class=\"ls1 ws0\"><span class=\"ls25 ws41\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x33c y2d77 w48 h86\"><div class=\"t m0 x180 h87 y1bde ff139 fs3a fc2 sc0 ls21 ws35\">378,<span class=\"_ _2\"></span>475<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d77 w48 h86\"><div class=\"t m0 x181 h88 y1bde ff13a fs3a fc2 sc0 ls20 ws36\">345,642<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d77 w34 h86\"><div class=\"t m0 x180 h87 y1bde ff139 fs3a fc2 sc0 ls21 ws35\">347,<span class=\"_ _2\"></span>606<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d77 w20 h86\"><div class=\"t m0 x181 h88 y1bde ff13a fs3a fc2 sc0 ls20 ws36\">359,959<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2d77 w55 h86\"><div class=\"t m0 x179 h87 y1bde ff139 fs3a fc2 sc0 ls23 ws39\">37,308<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x341 y2d77 w48 h86\"><div class=\"t m0 x183 h88 y1bde ff13a fs3a fc2 sc0 ls20 ws36\">36,761<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d77 w20 h86\"><div class=\"t m0 x179 h87 y1bde ff139 fs3a fc2 sc0 ls23 ws39\">29,843<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d77 w2a h86\"><div class=\"t m0 x183 h88 y1bde ff13a fs3a fc2 sc0 ls20 ws36\">29,930<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d78 wa2 h8b\"><div class=\"t m0 x0 h88 y1c05 ff13a fs3a fc2 sc0 ls29 ws42\">Financial lia<span class=\"_ _2\"></span>bilities,<span class=\"_ _2\"></span> other t<span class=\"_ _2\"></span>han accou<span class=\"_ _2\"></span>nts payable<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33c y2d78 w48 h8b\"><div class=\"t m0 x179 h87 y1c05 ff139 fs3a fc2 sc0 ls23 ws39\">30,988<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d78 w48 h8b\"><div class=\"t m0 x183 h88 y1c05 ff13a fs3a fc2 sc0 ls20 ws36\">22,306<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d78 w34 h8b\"><div class=\"t m0 x179 h87 y1c05 ff139 fs3a fc2 sc0 ls23 ws39\">52,880<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d78 w20 h8b\"><div class=\"t m0 x183 h88 y1c05 ff13a fs3a fc2 sc0 ls20 ws36\">62,654<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2d78 w55 h8b\"><div class=\"t m0 xb6 h87 y1c05 ff13b fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff139\"> </span></div></td><td class=\"c x341 y2d78 w48 h8b\"><div class=\"t m0 x184 h88 y1c05 ff13a fs3a fc2 sc0 ls20 ws36\">1,381<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d78 w20 h8b\"><div class=\"t m0 xb6 h87 y1c05 ff13b fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff139\"> </span></div></td><td class=\"c x2fa y2d78 w2a h8b\"><div class=\"t m0 x2d h88 y1c05 ff13c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff13a\"> </span></div></td></tr><tr><td class=\"c x24b y2d79 wa2 h8a\"><div class=\"t m0 x0 h88 y1c03 ff13a fs3a fc2 sc0 ls29 ws42\">Other cur<span class=\"_ _2\"></span>rent liabilit<span class=\"_ _2\"></span>ies<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33c y2d79 w48 h8a\"><div class=\"t m0 x179 h87 y1c03 ff139 fs3a fc2 sc0 ls23 ws39\">17,082<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d79 w48 h8a\"><div class=\"t m0 x183 h88 y1c03 ff13a fs3a fc2 sc0 ls20 ws36\">18,581<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d79 w34 h8a\"><div class=\"t m0 x179 h87 y1c03 ff139 fs3a fc2 sc0 ls23 ws39\">14,207<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d79 w20 h8a\"><div class=\"t m0 x183 h88 y1c03 ff13a fs3a fc2 sc0 ls20 ws36\">10,103<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2d79 w55 h8a\"><div class=\"t m0 x185 h87 y1c03 ff139 fs3a fc2 sc0 ls21 ws35\">1,55<span class=\"_ _2\"></span>9<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x341 y2d79 w48 h8a\"><div class=\"t m0 x184 h88 y1c03 ff13a fs3a fc2 sc0 ls20 ws36\">2,117<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d79 w20 h8a\"><div class=\"t m0 x185 h87 y1c03 ff139 fs3a fc2 sc0 ls21 ws35\">1,13<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d79 w2a h8a\"><div class=\"t m0 x184 h88 y1c03 ff13a fs3a fc2 sc0 ls20 ws36\">2,202<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d7a wa2 h86\"><div class=\"t m0 x0 h88 y2112 ff13a fs3a fc2 sc0 ls29 ws42\">Curren<span class=\"_ _2\"></span>t liabilities<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33c y2d7a w48 h86\"><div class=\"t m0 x179 h87 y2112 ff139 fs3a fc2 sc0 ls23 ws39\">48,070<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d7a w48 h86\"><div class=\"t m0 x183 h88 y2112 ff13a fs3a fc2 sc0 ls20 ws36\">40,887<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d7a w34 h86\"><div class=\"t m0 x179 h87 y2112 ff139 fs3a fc2 sc0 ls23 ws39\">67,087<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d7a w20 h86\"><div class=\"t m0 x183 h88 y2112 ff13a fs3a fc2 sc0 ls20 ws36\">72,757<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2d7a w55 h86\"><div class=\"t m0 x185 h87 y2112 ff139 fs3a fc2 sc0 ls21 ws35\">1,55<span class=\"_ _2\"></span>9<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x341 y2d7a w48 h86\"><div class=\"t m0 x184 h88 y2112 ff13a fs3a fc2 sc0 ls20 ws36\">3,498<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d7a w20 h86\"><div class=\"t m0 x185 h87 y2112 ff139 fs3a fc2 sc0 ls21 ws35\">1,13<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d7a w2a h86\"><div class=\"t m0 x184 h88 y2112 ff13a fs3a fc2 sc0 ls20 ws36\">2,202<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d7b wa2 h86\"><div class=\"t m0 x0 h88 y1be2 ff13a fs3a fc2 sc0 ls22 ws3e\">Non<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls22 ws37\">current f<span class=\"ls29 wsc1\">inancial liabilitie<span class=\"_ _2\"></span>s</span></span></span><span class=\"ls1 ws0\"><span class=\"ls22 ws37\"><span class=\"ls29 wsc1\"><span class=\"ls1 ws0\"> </span></span></span></span></div></td><td class=\"c x33c y2d7b w48 h86\"><div class=\"t m0 x179 h87 y1be2 ff139 fs3a fc2 sc0 ls23 ws39\">72,103<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d7b w48 h86\"><div class=\"t m0 x183 h88 y1be2 ff13a fs3a fc2 sc0 ls20 ws36\">69,177<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d7b w34 h86\"><div class=\"t m0 x179 h87 y1be2 ff139 fs3a fc2 sc0 ls23 ws39\">54,856<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d7b w20 h86\"><div class=\"t m0 x183 h88 y1be2 ff13a fs3a fc2 sc0 ls20 ws36\">57,743<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2d7b w55 h86\"><div class=\"t m0 x1a0 h87 y1be2 ff139 fs3a fc2 sc0 ls21 ws35\">100<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x341 y2d7b w48 h86\"><div class=\"t m0 x171 h88 y1be2 ff13a fs3a fc2 sc0 ls20 ws36\">128<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d7b w20 h86\"><div class=\"t m0 xb6 h87 y1be2 ff13b fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff139\"> </span></div></td><td class=\"c x2fa y2d7b w2a h86\"><div class=\"t m0 x2d h88 y1be2 ff13c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff13a\"> </span></div></td></tr><tr><td class=\"c x24b y2d7c wa2 h8a\"><div class=\"t m0 x0 h88 y1c79 ff13a fs3a fc2 sc0 ls2a ws5a\">Othe<span class=\"_ _2\"></span>r n<span class=\"ls22 ws3e\">on<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">current liabilitie<span class=\"_ _2\"></span>s</span></span></span><span class=\"ls22 ws3e\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x33c y2d7c w48 h8a\"><div class=\"t m0 x179 h87 y1c79 ff139 fs3a fc2 sc0 ls23 ws39\">45,026<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d7c w48 h8a\"><div class=\"t m0 x183 h88 y1c79 ff13a fs3a fc2 sc0 ls20 ws36\">42,780<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d7c w34 h8a\"><div class=\"t m0 x1a0 h87 y1c79 ff139 fs3a fc2 sc0 ls21 ws35\">808<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d7c w20 h8a\"><div class=\"t m0 x171 h88 y1c79 ff13a fs3a fc2 sc0 ls20 ws36\">787<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2d7c w55 h8a\"><div class=\"t m0 xb6 h87 y1c79 ff13b fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff139\"> </span></div></td><td class=\"c x341 y2d7c w48 h8a\"><div class=\"t m0 x2d h88 y1c79 ff13c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff13a\"> </span></div></td><td class=\"c x2f9 y2d7c w20 h8a\"><div class=\"t m0 xb6 h87 y1c79 ff13b fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff139\"> </span></div></td><td class=\"c x2fa y2d7c w2a h8a\"><div class=\"t m0 x2d h88 y1c79 ff13c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff13a\"> </span></div></td></tr><tr><td class=\"c x24b y2d7d wa2 h86\"><div class=\"t m0 x0 h88 y1be2 ff13a fs3a fc2 sc0 ls29 ws42\">Total non<span class=\"ls1 ws0\">-</span>curren<span class=\"_ _2\"></span>t liabilities<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33c y2d7d w48 h86\"><div class=\"t m0 x180 h87 y1be2 ff139 fs3a fc2 sc0 ls21 ws35\">117,<span class=\"_ _2\"></span>129<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d7d w48 h86\"><div class=\"t m0 x181 h88 y1be2 ff13a fs3a fc2 sc0 ls20 ws36\">111,957<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d7d w34 h86\"><div class=\"t m0 x179 h87 y1be2 ff139 fs3a fc2 sc0 ls23 ws39\">55,664<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d7d w20 h86\"><div class=\"t m0 x183 h88 y1be2 ff13a fs3a fc2 sc0 ls20 ws36\">58,530<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2d7d w55 h86\"><div class=\"t m0 x1a0 h87 y1be2 ff139 fs3a fc2 sc0 ls21 ws35\">100<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x341 y2d7d w48 h86\"><div class=\"t m0 x171 h88 y1be2 ff13a fs3a fc2 sc0 ls20 ws36\">128<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d7d w20 h86\"><div class=\"t m0 xb6 h87 y1be2 ff13b fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff139\"> </span></div></td><td class=\"c x2fa y2d7d w2a h86\"><div class=\"t m0 x2d h88 y1be2 ff13c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff13a\"> </span></div></td></tr><tr><td class=\"c x24b y2d7e wa2 h86\"><div class=\"t m0 x0 h87 y1be4 ff139 fs3a fc2 sc0 ls1f ws33\">Net Asset<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33c y2d7e w48 h86\"><div class=\"t m0 x180 h87 y1be4 ff139 fs3a fc2 sc0 ls21 ws35\">213,<span class=\"_ _2\"></span>276<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d7e w48 h86\"><div class=\"t m0 x181 h88 y1be4 ff13a fs3a fc2 sc0 ls20 ws36\">192,798<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d7e w34 h86\"><div class=\"t m0 x180 h87 y1be4 ff139 fs3a fc2 sc0 ls21 ws35\">224,<span class=\"_ _2\"></span>855<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d7e w20 h86\"><div class=\"t m0 x181 h88 y1be4 ff13a fs3a fc2 sc0 ls20 ws36\">228,672<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2d7e w55 h86\"><div class=\"t m0 x179 h87 y1be4 ff139 fs3a fc2 sc0 ls23 ws39\">35,649<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x341 y2d7e w48 h86\"><div class=\"t m0 x183 h88 y1be4 ff13a fs3a fc2 sc0 ls20 ws36\">33,135<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d7e w20 h86\"><div class=\"t m0 x179 h87 y1be4 ff139 fs3a fc2 sc0 ls23 ws39\">28,707<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d7e w2a h86\"><div class=\"t m0 x183 h88 y1be4 ff13a fs3a fc2 sc0 ls20 ws36\">27,728<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d7f wa2 h8a\"><div class=\"t m0 x0 h87 y1ee3 ff139 fs3a fc2 sc0 ls1f ws33\">Selected I<span class=\"_ _2\"></span>ncome <span class=\"_ _2\"></span>Statement<span class=\"_ _2\"></span> Inform<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2d80 wa2 h89\"><div class=\"t m0 x0 h88 y1bea ff13a fs3a fc2 sc0 ls24 ws3a\">Operating revenue<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33c y2d80 w48 h89\"><div class=\"t m0 x180 h87 y1bea ff139 fs3a fc2 sc0 ls21 ws35\">118,<span class=\"_ _2\"></span>714<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d80 w48 h89\"><div class=\"t m0 x181 h88 y1bea ff13a fs3a fc2 sc0 ls20 ws36\">110,719<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d80 w34 h89\"><div class=\"t m0 x179 h87 y1bea ff139 fs3a fc2 sc0 ls23 ws39\">96,940<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d80 w20 h89\"><div class=\"t m0 x183 h88 y1bea ff13a fs3a fc2 sc0 ls20 ws36\">95,086<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2d80 w55 h89\"><div class=\"t m0 x179 h87 y1bea ff139 fs3a fc2 sc0 ls23 ws39\">10,532<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x341 y2d80 w48 h89\"><div class=\"t m0 x183 h88 y1bea ff13a fs3a fc2 sc0 ls20 ws36\">12,109<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d80 w20 h89\"><div class=\"t m0 x185 h87 y1bea ff139 fs3a fc2 sc0 ls21 ws35\">7,52<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d80 w2a h89\"><div class=\"t m0 x184 h88 y1bea ff13a fs3a fc2 sc0 ls20 ws36\">7,235<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d81 wa2 h86\"><div class=\"t m0 x0 h88 y1be8 ff13a fs3a fc2 sc0 ls22 ws37\">Depreciati<span class=\"_ _1\"></span>on and amortis<span class=\"_ _1\"></span>ation<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33c y2d81 w48 h86\"><div class=\"t m0 x179 h87 y1be8 ff139 fs3a fc2 sc0 ls23 ws39\">34,505<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d81 w48 h86\"><div class=\"t m0 x183 h88 y1be8 ff13a fs3a fc2 sc0 ls20 ws36\">32,611<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d81 w34 h86\"><div class=\"t m0 x179 h87 y1be8 ff139 fs3a fc2 sc0 ls23 ws39\">11,597<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d81 w20 h86\"><div class=\"t m0 x183 h88 y1be8 ff13a fs3a fc2 sc0 ls20 ws36\">12,298<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2d81 w55 h86\"><div class=\"t m0 x185 h87 y1be8 ff139 fs3a fc2 sc0 ls21 ws35\">2,08<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x341 y2d81 w48 h86\"><div class=\"t m0 x184 h88 y1be8 ff13a fs3a fc2 sc0 ls20 ws36\">2,363<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d81 w20 h86\"><div class=\"t m0 x185 h87 y1be8 ff139 fs3a fc2 sc0 ls21 ws35\">1,30<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d81 w2a h86\"><div class=\"t m0 x184 h88 y1be8 ff13a fs3a fc2 sc0 ls20 ws36\">1,269<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d82 wa2 h94\"><div class=\"t m0 x0 h88 y22b8 ff13a fs3a fc2 sc0 ls24 ws3a\">Finance income<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33c y2d82 w48 h94\"><div class=\"t m0 xb6 h87 y22b8 ff13b fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff139\"> </span></div></td><td class=\"c x33f y2d82 w48 h94\"><div class=\"t m0 x2d h88 y22b8 ff13c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff13a\"> </span></div></td><td class=\"c x33d y2d82 w34 h94\"><div class=\"t m0 xb6 h87 y22b8 ff13b fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff139\"> </span></div></td><td class=\"c x340 y2d82 w20 h94\"><div class=\"t m0 x2d h88 y22b8 ff13c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff13a\"> </span></div></td><td class=\"c x33e y2d82 w55 h94\"><div class=\"t m0 xb6 h87 y22b8 ff13b fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff139\"> </span></div></td><td class=\"c x341 y2d82 w48 h94\"><div class=\"t m0 x2d h88 y22b8 ff13c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff13a\"> </span></div></td><td class=\"c x2f9 y2d82 w20 h94\"><div class=\"t m0 x193 h87 y22b8 ff139 fs3a fc2 sc0 ls27 ws3f\">45<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d82 w2a h94\"><div class=\"t m0 x1 h88 y22b8 ff13a fs3a fc2 sc0 ls20 ws36\">17<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d83 wa2 h86\"><div class=\"t m0 x0 h88 y1bef ff13a fs3a fc2 sc0 ls24 ws3a\">Finance expense<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33c y2d83 w48 h86\"><div class=\"t m0 x185 h87 y1bef ff139 fs3a fc2 sc0 ls21 ws35\">3,45<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d83 w48 h86\"><div class=\"t m0 x184 h88 y1bef ff13a fs3a fc2 sc0 ls20 ws36\">2,972<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d83 w34 h86\"><div class=\"t m0 x185 h87 y1bef ff139 fs3a fc2 sc0 ls21 ws35\">2,62<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d83 w20 h86\"><div class=\"t m0 x184 h88 y1bef ff13a fs3a fc2 sc0 ls20 ws36\">4,019<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2d83 w55 h86\"><div class=\"t m0 x193 h87 y1bef ff139 fs3a fc2 sc0 ls27 ws3f\">11<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x341 y2d83 w48 h86\"><div class=\"t m0 x171 h88 y1bef ff13a fs3a fc2 sc0 ls20 ws36\">122<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d83 w20 h86\"><div class=\"t m0 xb6 h87 y1bef ff13b fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff139\"> </span></div></td><td class=\"c x2fa y2d83 w2a h86\"><div class=\"t m0 x171 h88 y1bef ff13a fs3a fc2 sc0 ls20 ws36\">173<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d84 wa2 h86\"><div class=\"t m0 x0 h88 y1bf4 ff13a fs3a fc2 sc0 ls22 ws37\">Profit b<span class=\"_ _1\"></span>efore taxes<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33c y2d84 w48 h86\"><div class=\"t m0 x179 h87 y1bf4 ff139 fs3a fc2 sc0 ls23 ws39\">21,218<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d84 w48 h86\"><div class=\"t m0 x183 h88 y1bf4 ff13a fs3a fc2 sc0 ls20 ws36\">20,593<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d84 w34 h86\"><div class=\"t m0 x179 h87 y1bf4 ff139 fs3a fc2 sc0 ls23 ws39\">41,719<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d84 w20 h86\"><div class=\"t m0 x183 h88 y1bf4 ff13a fs3a fc2 sc0 ls20 ws36\">37,508<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2d84 w55 h86\"><div class=\"t m0 x185 h87 y1bf4 ff139 fs3a fc2 sc0 ls21 ws35\">2,26<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x341 y2d84 w48 h86\"><div class=\"t m0 x184 h88 y1bf4 ff13a fs3a fc2 sc0 ls20 ws36\">3,683<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d84 w20 h86\"><div class=\"t m0 x185 h87 y1bf4 ff139 fs3a fc2 sc0 ls21 ws35\">2,83<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d84 w2a h86\"><div class=\"t m0 x184 h88 y1bf4 ff13a fs3a fc2 sc0 ls20 ws36\">2,746<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d85 wa2 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff13a fs3a fc2 sc0 ls24 ws3a\">Income tax expense<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33c y2d85 w25 h8a\"><div class=\"t m0 x183 h87 y1bf6 ff139 fs3a fc2 sc0 ls21 ws35\">(5,26<span class=\"_ _2\"></span>4)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d85 w25 h8a\"><div class=\"t m0 x186 h88 y1bf6 ff13a fs3a fc2 sc0 ls20 ws36\">(5,547)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d85 w2c h8a\"><div class=\"t m0 x183 h87 y1bf6 ff139 fs3a fc2 sc0 ls21 ws35\">(9,22<span class=\"_ _2\"></span>3)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d85 w25 h8a\"><div class=\"t m0 x186 h88 y1bf6 ff13a fs3a fc2 sc0 ls20 ws36\">(8,147)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2d85 w7f h8a\"><div class=\"t m0 x47 h87 y1bf6 ff139 fs3a fc2 sc0 ls21 ws35\">(574)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x341 y2d85 w25 h8a\"><div class=\"t m0 x188 h88 y1bf6 ff13a fs3a fc2 sc0 ls20 ws36\">(728)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d85 w24 h8a\"><div class=\"t m0 x47 h87 y1bf6 ff139 fs3a fc2 sc0 ls21 ws35\">(710)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d85 wa6 h8a\"><div class=\"t m0 x188 h88 y1bf6 ff13a fs3a fc2 sc0 ls20 ws36\">(693)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d86 wa2 h86\"><div class=\"t m0 x0 h88 y1bf8 ff13a fs3a fc2 sc0 ls22 ws37\">Net profit <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33c y2d86 w48 h86\"><div class=\"t m0 x179 h87 y1bf8 ff139 fs3a fc2 sc0 ls23 ws39\">15,954<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d86 w48 h86\"><div class=\"t m0 x183 h88 y1bf8 ff13a fs3a fc2 sc0 ls20 ws36\">15,046<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d86 w34 h86\"><div class=\"t m0 x179 h87 y1bf8 ff139 fs3a fc2 sc0 ls23 ws39\">32,496<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d86 w20 h86\"><div class=\"t m0 x183 h88 y1bf8 ff13a fs3a fc2 sc0 ls20 ws36\">29,361<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2d86 w55 h86\"><div class=\"t m0 x185 h87 y1bf8 ff139 fs3a fc2 sc0 ls21 ws35\">1,69<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x341 y2d86 w48 h86\"><div class=\"t m0 x184 h88 y1bf8 ff13a fs3a fc2 sc0 ls20 ws36\">2,955<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d86 w20 h86\"><div class=\"t m0 x185 h87 y1bf8 ff139 fs3a fc2 sc0 ls21 ws35\">2,12<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d86 w2a h86\"><div class=\"t m0 x184 h88 y1bf8 ff13a fs3a fc2 sc0 ls20 ws36\">2,053<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d87 wa2 h86\"><div class=\"t m0 x0 h88 y1bfa ff13a fs3a fc2 sc0 ls24 ws3a\">Other comprehensive income<span class=\"ls1 ws0\"> <span class=\"ls25 ws41\">(loss)</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33c y2d87 w48 h86\"><div class=\"t m0 x179 h87 y1bfa ff139 fs3a fc2 sc0 ls23 ws39\">17,135<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d87 w25 h86\"><div class=\"t m0 x186 h88 y1bfa ff13a fs3a fc2 sc0 ls20 ws36\">(5,531)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d87 w2c h86\"><div class=\"t m0 x181 h87 y1bfa ff139 fs3a fc2 sc0 ls21 ws35\">(11,3<span class=\"_ _2\"></span>90)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d87 w25 h86\"><div class=\"t m0 x187 h88 y1bfa ff13a fs3a fc2 sc0 ls20 ws36\">(16,639)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2d87 w55 h86\"><div class=\"t m0 x1a0 h87 y1bfa ff139 fs3a fc2 sc0 ls21 ws35\">819<span class=\"ls1 ws0\"> </span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x341 y2d87 w25 h86\"><div class=\"t m0 x188 h88 y1bfa ff13a fs3a fc2 sc0 ls20 ws36\">(472)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d87 w20 h86\"><div class=\"t m0 x1a0 h87 y1bfa ff139 fs3a fc2 sc0 ls21 ws35\">573<span class=\"ls1 ws0\"> </span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d87 wa6 h86\"><div class=\"t m0 x188 h88 y1bfa ff13a fs3a fc2 sc0 ls20 ws36\">(428)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d88 wa2 h8a\"><div class=\"t m0 x0 h88 y1bff ff13a fs3a fc2 sc0 ls29 ws42\">Total compre<span class=\"_ _2\"></span>hensive inco<span class=\"_ _2\"></span>me <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33c y2d88 w48 h8a\"><div class=\"t m0 x179 h87 y1bff ff139 fs3a fc2 sc0 ls23 ws39\">33,089<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d88 w48 h8a\"><div class=\"t m0 x184 h88 y1bff ff13a fs3a fc2 sc0 ls20 ws36\">9,515<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d88 w34 h8a\"><div class=\"t m0 x179 h87 y1bff ff139 fs3a fc2 sc0 ls23 ws39\">21,106<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d88 w20 h8a\"><div class=\"t m0 x183 h88 y1bff ff13a fs3a fc2 sc0 ls20 ws36\">12,722<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2d88 w55 h8a\"><div class=\"t m0 x185 h87 y1bff ff139 fs3a fc2 sc0 ls21 ws35\">2,51<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x341 y2d88 w48 h8a\"><div class=\"t m0 x184 h88 y1bff ff13a fs3a fc2 sc0 ls20 ws36\">2,483<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f9 y2d88 w20 h8a\"><div class=\"t m0 x185 h87 y1bff ff139 fs3a fc2 sc0 ls21 ws35\">2,69<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d88 w2a h8a\"><div class=\"t m0 x184 h88 y1bff ff13a fs3a fc2 sc0 ls20 ws36\">1,625<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d89 wa2 h8a\"><div class=\"t m0 x0 h88 y1c03 ff13a fs3a fc2 sc0 ls26 ws3d\">Divid<span class=\"_ _1\"></span>ends received by <span class=\"ls24 ws3b\">Group</span><span class=\"ls24 ws3b\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x33c y2d89 w48 h8a\"><div class=\"t m0 x185 h87 y1c03 ff139 fs3a fc2 sc0 ls21 ws35\">6,30<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33f y2d89 w48 h8a\"><div class=\"t m0 x184 h88 y1c03 ff13a fs3a fc2 sc0 ls20 ws36\">4,912<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2d89 w34 h8a\"><div class=\"t m0 x179 h87 y1c03 ff139 fs3a fc2 sc0 ls23 ws39\">12,461<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x340 y2d89 w20 h8a\"><div class=\"t m0 x183 h88 y1c03 ff13a fs3a fc2 sc0 ls20 ws36\">11,475<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2d89 w55 h8a\"><div class=\"t m0 xb6 h87 y1c03 ff13b fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff139\"> </span></div></td><td class=\"c x341 y2d89 w48 h8a\"><div class=\"t m0 x2d h88 y1c03 ff13c fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff13a\"> </span></div></td><td class=\"c x2f9 y2d89 w20 h8a\"><div class=\"t m0 x1a0 h87 y1c03 ff139 fs3a fc2 sc0 ls21 ws35\">686<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2d89 w2a h8a\"><div class=\"t m0 x171 h88 y1c03 ff13a fs3a fc2 sc0 ls20 ws36\">829<span class=\"ls1 ws0\"> </span></div></td></tr></table>Stolt-Nielsen Limited | Annual Report 2025<span class=\"_ _195\"> </span>Description <span class=\"_ _2\"></span>of the nature of <span class=\"_ _2\"></span>activities <span class=\"_ _2\"></span>of the material j<span class=\"_ _2\"></span>oint ventures <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>NYK Stolt Ta<span class=\"_ _2\"></span>nkers S.A. <span class=\"_ _2\"></span>is a joint <span class=\"_ _2\"></span>venture wi<span class=\"_ _2\"></span>th <span class=\"ls4b ws0\">Nipp<span class=\"_ _2\"></span>on Y<span class=\"_ _2\"></span><span class=\"ls1\">u<span class=\"ls30 ws50\">sen Kab<span class=\"_ _2\"></span>ushi<span class=\"_ _2\"></span>ki K<span class=\"_ _2\"></span>aisha<span class=\"_ _2\"></span> (NY<span class=\"_ _2\"></span>K)</span>, <span class=\"_ _1\"></span><span class=\"ls30 ws4f\">whic<span class=\"_ _2\"></span>h owns<span class=\"_ _2\"></span> </span></span></span>nine p<span class=\"_ _2\"></span>arcel<span class=\"_ _2\"></span> tank<span class=\"_ _2\"></span>ers<span class=\"_ _2\"></span> tha<span class=\"_ _2\"></span>t par<span class=\"_ _2\"></span>ticipa<span class=\"_ _2\"></span>te i<span class=\"_ _2\"></span>n <span class=\"ls46 ws6f\">ST<span class=\"_ _2\"></span>JS</span><span class=\"ws4f\">. T<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up perfo<span class=\"_ _2\"></span>rms<span class=\"_ _2\"></span> market<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span>, operati<span class=\"_ _2\"></span>onal<span class=\"_ _2\"></span>, </span>adminis<span class=\"_ _2\"></span>trat<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>and<span class=\"_ _2\"></span> ship<span class=\"ls1 ws0\">-<span class=\"ff142 ls2f ws70\">owning serv<span class=\"_ _2\"></span>ices for <span class=\"_ _2\"></span>NYK Stolt Ta<span class=\"_ _2\"></span>nkers S.<span class=\"_ _2\"></span>A.\u2019s fleet in<span class=\"_ _2\"></span> the deep</span>-<span class=\"ls2f ws4e\">sea </span></span>interc<span class=\"_ _2\"></span>onti<span class=\"_ _2\"></span>nental<span class=\"_ _2\"></span> ma<span class=\"_ _2\"></span>rket. T<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up cons<span class=\"_ _2\"></span>iders<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span>vestme<span class=\"_ _2\"></span>nt in<span class=\"_ _2\"></span> N<span class=\"_ _2\"></span>YK Stol<span class=\"_ _2\"></span>t T<span class=\"_ _2\"></span>ankers<span class=\"_ _2\"></span> S.A.<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> be strategic as <span class=\"_ _2\"></span>it provides s<span class=\"_ _2\"></span>op<span class=\"ls30 ws50\">his<span class=\"_ _2\"></span>ticate<span class=\"_ _2\"></span>d to<span class=\"_ _2\"></span>nnage<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span><span class=\"ls46 ws6f\">STJ<span class=\"_ _2\"></span>S<span class=\"ls1 ws0\">. </span></span></span>NYK Stolt Ship<span class=\"_ _2\"></span>holding Pte. L<span class=\"_ _2\"></span>td. (NSSH) is<span class=\"_ _2\"></span> a ship<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">owning joi<span class=\"_ _2\"></span>nt v<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>ure and<span class=\"_ _2\"></span> ow<span class=\"_ _2\"></span>ns 11<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> ships<span class=\"_ _2\"></span></span> <span class=\"ls30 ws52\">and </span></span>has a<span class=\"_ _2\"></span> time<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>charter f<span class=\"_ _2\"></span>or o<span class=\"_ _2\"></span>ne <span class=\"_ _2\"></span>ship<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">operated by<span class=\"_ _2\"></span> the SNAPS Po<span class=\"_ _2\"></span>ol. The <span class=\"_ _2\"></span>investment in<span class=\"_ _2\"></span> NSSH is co<span class=\"_ _2\"></span>nsidered </span></span>to be<span class=\"_ _2\"></span> strat<span class=\"_ _2\"></span>egic<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span>the G<span class=\"_ _2\"></span>roup b<span class=\"_ _2\"></span>y s<span class=\"_ _2\"></span>ervi<span class=\"_ _2\"></span>ng the<span class=\"_ _2\"></span> Eas<span class=\"_ _2\"></span>t Asi<span class=\"_ _2\"></span>a and<span class=\"_ _2\"></span> So<span class=\"_ _2\"></span>uth E<span class=\"_ _2\"></span>ast Asi<span class=\"_ _2\"></span>a m<span class=\"_ _2\"></span>arket<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> supp<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>ting custom<span class=\"_ _2\"></span>ers of<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls46 ws6f\">STJS<span class=\"_ _2\"></span><span class=\"ls4c ws79\">. <span class=\"ls1 ws0\"> </span></span></span>Shang<span class=\"_ _2\"></span>hai SC<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls53 ws32\">S<span class=\"_ _2\"></span>tolt <span class=\"_ _2\"></span>Shipping<span class=\"_ _2\"></span> Ltd<span class=\"_ _2\"></span> is a<span class=\"_ _2\"></span> 49<span class=\"_ _2\"></span>%<span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">owned j<span class=\"_ _2\"></span>oint <span class=\"_ _2\"></span>ventu<span class=\"_ _2\"></span>re wi<span class=\"_ _2\"></span>th Sha<span class=\"_ _2\"></span>nghai<span class=\"_ _2\"></span> Junz<span class=\"_ _2\"></span>heng<span class=\"_ _2\"></span> Logi<span class=\"_ _2\"></span>stics<span class=\"_ _2\"></span> C<span class=\"_ _2\"></span>o. </span></span></span></span>Ltd to op<span class=\"_ _2\"></span>erate<span class=\"_ _2\"></span> chemic<span class=\"_ _2\"></span>al tank<span class=\"_ _2\"></span>ers i<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> </span><span class=\"ws50\">the Chi<span class=\"_ _2\"></span>nese<span class=\"_ _2\"></span> coas<span class=\"_ _2\"></span>t cab<span class=\"_ _2\"></span>otage<span class=\"_ _2\"></span> marke<span class=\"_ _2\"></span>t. <span class=\"_ _2\"></span>As of<span class=\"_ _2\"></span> Novem<span class=\"_ _2\"></span>ber<span class=\"_ _2\"></span> 30, 2<span class=\"_ _2\"></span>02<span class=\"ls1 ws0\">5<span class=\"ls59 ws95\">, </span></span></span>the joint ven<span class=\"_ _2\"></span>ture operated<span class=\"_ _2\"></span> <span class=\"ls31 ws53\">11<span class=\"ls1 ws0\"> </span></span>ships. It is con<span class=\"_ _2\"></span>sidered to be<span class=\"_ _2\"></span> a joint <span class=\"_ _2\"></span>venture as <span class=\"_ _2\"></span>all significa<span class=\"_ _2\"></span>nt decisio<span class=\"_ _2\"></span>ns are m<span class=\"_ _2\"></span>ade u<span class=\"_ _2\"></span>nanim<span class=\"_ _2\"></span>ously<span class=\"_ _2\"></span>.<span class=\"_ _195\"> </span>Advario<span class=\"ls1 ws0\"> <span class=\"ls53 ws7d\">Stolthave<span class=\"_ _2\"></span>n Antwe<span class=\"_ _2\"></span>rp, NV </span>(A<span class=\"ls46 ws6f\">SA)<span class=\"ls49 ws78\">, <span class=\"ls30 ws50\">is a 50<span class=\"_ _2\"></span>%</span></span></span>-<span class=\"ls30 ws50\">owned <span class=\"_ _2\"></span>joint<span class=\"_ _2\"></span> ve<span class=\"_ _2\"></span>nture<span class=\"_ _2\"></span> with </span></span>Ad<span class=\"_ _2\"></span>vario<span class=\"ls1 ws0\"> <span class=\"ls60 ws4f\">BV<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> <span class=\"ls30 ws4f\">and has<span class=\"_ _2\"></span> a </span></span></span></span>termi<span class=\"_ _2\"></span>nal fac<span class=\"_ _2\"></span>ili<span class=\"_ _2\"></span>ty i<span class=\"_ _2\"></span>n Antw<span class=\"_ _2\"></span>erp,<span class=\"_ _2\"></span> Belg<span class=\"_ _2\"></span>ium<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws50\">whic<span class=\"_ _2\"></span>h pro<span class=\"_ _2\"></span>vides<span class=\"_ _2\"></span> indep<span class=\"_ _2\"></span>ende<span class=\"_ _2\"></span>nt <span class=\"_ _2\"></span>tank <span class=\"_ _2\"></span>termi<span class=\"_ _2\"></span>nal se<span class=\"_ _2\"></span>rvice<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws52\">Port </span></span></span>of Antw<span class=\"_ _2\"></span>erp f<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span> bulk<span class=\"_ _2\"></span> liquid<span class=\"_ _2\"></span> pr<span class=\"_ _2\"></span>oduc<span class=\"_ _2\"></span>ts, <span class=\"_ _2\"></span>animal<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> vege<span class=\"_ _2\"></span>table<span class=\"_ _2\"></span> oils<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> gas<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> other<span class=\"_ _2\"></span> prod<span class=\"_ _2\"></span>ucts.<span class=\"_ _2\"></span> T<span class=\"_ _2\"></span>he investm<span class=\"_ _2\"></span>ent i<span class=\"_ _2\"></span>n <span class=\"ls1 ws0\">A<span class=\"ff142 ls30 ws50\">SA is c<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span>idered<span class=\"_ _2\"></span> to b<span class=\"_ _2\"></span>e s<span class=\"_ _2\"></span>trateg<span class=\"_ _2\"></span>ic t<span class=\"_ _2\"></span>o the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up as<span class=\"_ _2\"></span> it<span class=\"_ _2\"></span> is i<span class=\"_ _2\"></span>nteg<span class=\"_ _2\"></span>ral t<span class=\"_ _2\"></span>o the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up\u2019s <span class=\"_ _2\"></span>abili<span class=\"_ _2\"></span>ty <span class=\"_ _2\"></span>to </span></span>provide an efficie<span class=\"_ _2\"></span>nt ship<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">te<span class=\"_ _2\"></span>rmin<span class=\"_ _2\"></span>al in<span class=\"_ _2\"></span>terf<span class=\"_ _2\"></span>ace.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span>Jeong<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">IL Stolthaven Ulsan C<span class=\"_ _2\"></span>o. Ltd (J<span class=\"_ _2\"></span>STT) is a<span class=\"_ _2\"></span> 50%</span>-<span class=\"ls30 ws50\">owned<span class=\"_ _2\"></span> join<span class=\"_ _2\"></span>t ve<span class=\"_ _2\"></span>nture<span class=\"_ _2\"></span> tha<span class=\"_ _2\"></span>t owns<span class=\"_ _2\"></span> a te<span class=\"_ _2\"></span>rmin<span class=\"_ _2\"></span>al f<span class=\"_ _2\"></span>acili<span class=\"_ _2\"></span>ty </span></span>in Uls<span class=\"_ _2\"></span>an,<span class=\"_ _2\"></span> South<span class=\"_ _2\"></span> Kore<span class=\"_ _2\"></span>a<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls2f ws70\">which<span class=\"_ _2\"></span> provides indepe<span class=\"_ _2\"></span>ndent tank<span class=\"_ _2\"></span> terminal <span class=\"_ _2\"></span>services for p<span class=\"_ _2\"></span>rimarily clea<span class=\"_ _2\"></span>n </span></span>petrol<span class=\"_ _2\"></span>eum <span class=\"_ _2\"></span>and c<span class=\"_ _2\"></span>hemic<span class=\"_ _2\"></span>al pr<span class=\"_ _2\"></span>oduc<span class=\"_ _2\"></span>ts. T<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> cons<span class=\"_ _2\"></span>iders<span class=\"_ _2\"></span> it<span class=\"_ _2\"></span>s inve<span class=\"_ _2\"></span>stm<span class=\"_ _2\"></span>ent in<span class=\"_ _2\"></span> JSTT<span class=\"_ _2\"></span> to b<span class=\"_ _2\"></span>e s<span class=\"_ _2\"></span>trateg<span class=\"_ _2\"></span>ic a<span class=\"_ _2\"></span>s it is inte<span class=\"_ _2\"></span>gral<span class=\"_ _2\"></span> in <span class=\"_ _2\"></span>the G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span>\u2019s ab<span class=\"_ _2\"></span>ili<span class=\"_ _2\"></span>ty to<span class=\"_ _2\"></span> prov<span class=\"_ _2\"></span>ide a<span class=\"_ _2\"></span>n ef<span class=\"_ _2\"></span>ficie<span class=\"_ _2\"></span>nt shi<span class=\"_ _2\"></span>p<span class=\"ff141 ls1 ws0\">-<span class=\"ls2f ws70\">terminal inter<span class=\"_ _2\"></span>face.</span> </span>Tianji<span class=\"_ _2\"></span>n Li<span class=\"_ _2\"></span>ngang<span class=\"_ _2\"></span> Stol<span class=\"_ _2\"></span>thav<span class=\"_ _2\"></span>en Te<span class=\"_ _2\"></span>rminal<span class=\"_ _2\"></span> Co.<span class=\"_ _2\"></span>, a 6<span class=\"_ _2\"></span>5%<span class=\"ls1 ws0\">-</span>owned<span class=\"_ _2\"></span> joi<span class=\"_ _2\"></span>nt ve<span class=\"_ _2\"></span>nture<span class=\"_ _2\"></span> with<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Ling<span class=\"_ _2\"></span>ang <span class=\"_ _2\"></span>Harbo<span class=\"_ _2\"></span>r Aff<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span>s Company<span class=\"_ _2\"></span> (LH<span class=\"_ _2\"></span>AC)<span class=\"_ _2\"></span>, owns<span class=\"_ _2\"></span> a <span class=\"_ _2\"></span>termi<span class=\"_ _2\"></span>nal f<span class=\"_ _2\"></span>acili<span class=\"_ _2\"></span>ty i<span class=\"_ _2\"></span>n Tia<span class=\"_ _2\"></span>njin<span class=\"_ _2\"></span>, Chin<span class=\"_ _2\"></span>a. I<span class=\"_ _2\"></span>t i<span class=\"_ _2\"></span>s consi<span class=\"_ _2\"></span>dered<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> be a <span class=\"_ _2\"></span>joi<span class=\"_ _2\"></span>nt ve<span class=\"_ _2\"></span>nture<span class=\"_ _2\"></span> as all significant<span class=\"_ _2\"></span> decisions <span class=\"_ _2\"></span>are made una<span class=\"_ _2\"></span>nimously. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Tianji<span class=\"_ _2\"></span>n Li<span class=\"_ _2\"></span>ngang<span class=\"_ _2\"></span> Stol<span class=\"_ _2\"></span>thav<span class=\"_ _2\"></span>en Je<span class=\"_ _2\"></span>tty <span class=\"_ _2\"></span>Comp<span class=\"_ _2\"></span>any, <span class=\"_ _2\"></span>a 40<span class=\"_ _2\"></span>%<span class=\"ls1 ws0\">-</span>owned j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> vent<span class=\"_ _2\"></span>ure w<span class=\"_ _2\"></span>ith L<span class=\"_ _2\"></span>HAC,<span class=\"_ _2\"></span> owns<span class=\"_ _2\"></span> and operates a je<span class=\"_ _2\"></span>tty and docks<span class=\"_ _2\"></span> in Tia<span class=\"_ _2\"></span>njin, China. <span class=\"_ _2\"></span>It is conside<span class=\"_ _2\"></span>red to be <span class=\"_ _2\"></span><span class=\"ls30 ws52\">a <span class=\"ws50\">joint<span class=\"_ _2\"></span> vent<span class=\"_ _2\"></span>ure a<span class=\"_ _2\"></span>s all<span class=\"_ _2\"></span> sign<span class=\"_ _2\"></span>ific<span class=\"_ _2\"></span>ant </span></span>decisi<span class=\"_ _2\"></span>ons a<span class=\"_ _2\"></span>re made un<span class=\"_ _2\"></span>anim<span class=\"_ _2\"></span>ousl<span class=\"_ _2\"></span>y.<span class=\"ls1 ws0\"> </span>Reconciliati<span class=\"_ _2\"></span>on of <span class=\"ls1 ws0\">s<span class=\"_ _1\"></span><span class=\"ls60 ws4f\">ummar<span class=\"_ _1\"></span>ised <span class=\"_ _1\"></span><span class=\"ls1 ws0\">f<span class=\"ls4c ws79\">inancial </span>i<span class=\"_ _1\"></span><span class=\"ls59 ws2f\">nformation<span class=\"_ _1\"></span> from <span class=\"ls1 ws0\">p<span class=\"ls46 ws6f\">rior </span>y<span class=\"ls46 ws6f\">ear </span>n<span class=\"_ _1\"></span><span class=\"ls49 ws78\">et <span class=\"ls1 ws0\">a<span class=\"ls31 ws53\">ssets</span> <span class=\"_ _1\"></span><span class=\"ls49 wsb5\">to I<span class=\"_ _2\"></span>nves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt in <span class=\"_ _2\"></span>and <span class=\"ls1 ws0\">a<span class=\"ls46 ws89\">dva<span class=\"_ _2\"></span>nces<span class=\"_ _2\"></span> to </span>j<span class=\"ls46 ws6f\">oint </span>v<span class=\"_ _1\"></span><span class=\"ls4a ws76\">e<span class=\"_ _2\"></span>ntures<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span></span></span></span></span></span></span><table class=\"s w187 h144\" id=\"_1b37f603-874e-474b-a479-04437b539af6\"><tr><td></td><td class=\"t m0 x359 h82 y2d9d ff146 fs3b fc2 sc0 ls1 ws32\">NYK Stolt <span class=\"ws0\"> </span></td><td></td><td class=\"t m0 x35a h82 y2d9d ff146 fs3b fc2 sc0 ls1 ws32\">NYK Stolt <span class=\"ws0\"> </span></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x35b h82 y2d9e ff146 fs3b fc2 sc0 ls1 ws32\">Tankers S.A.<span class=\"ws0\"> </span></td><td></td><td class=\"t m0 x2b5 h82 y2d9e ff146 fs3b fc2 sc0 ls2d ws4a\">Shipholding<span class=\"_ _2\"></span> <span class=\"ls1 ws32\">Pte. Ltd.</span><span class=\"ls1 ws32\"><span class=\"ws0\"> </span></span></td><td></td><td class=\"c x358 y2d9f waa hb4\"><div class=\"t m0 x17c h82 y1c8b ff146 fs3b fc2 sc0 ls39 ws31\">Shan<span class=\"_ _2\"></span>ghai S<span class=\"_ _2\"></span>C<span class=\"ls1 ws0\">-<span class=\"ws9b\">Stolt Shipping Ltd</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2da0 w150 h102\"><div class=\"t m0 x245 h82 y29a6 ff146 fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2b9 h82 y29a7 ff146 fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x2b3 h85 y2da1 ff145 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"t m0 x35c h82 y2da1 ff146 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"_ _195\"> </span></td><td class=\"c x35d y2da2 w2c hb9\"><div class=\"t m0 x171 h85 y22db ff145 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"t m0 x277 h82 y2da1 ff146 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"_ _195\"> </span></td><td class=\"c x358 y2da2 wb0 hb9\"><div class=\"t m0 x1ce h85 y22db ff145 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"t m0 x35e h82 y2da1 ff146 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2da3 wa8 h86\"><div class=\"t m0 x0 h88 y1bfa ff146 fs3a fc2 sc0 ls22 ws3e\">Net <span class=\"_ _1\"></span><span class=\"ls1 ws0\">a<span class=\"ls25 ws41\">ssets:</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2da4 wa8 h86\"><div class=\"t m0 x0 h88 y1c50 ff146 fs3a fc2 sc0 ls26 ws3d\">Balance, Decem<span class=\"_ _1\"></span>ber 1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x354 y2da4 wab h86\"><div class=\"t m0 x187 h87 y1c50 ff145 fs3a fc2 sc0 ls21 ws35\">138,<span class=\"_ _2\"></span>275<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x35f y2da4 wad h86\"><div class=\"t m0 x197 h88 y1c50 ff146 fs3a fc2 sc0 ls20 ws36\">109,938<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x35d y2da4 w2c h86\"><div class=\"t m0 x187 h87 y1c50 ff145 fs3a fc2 sc0 ls21 ws35\">151,<span class=\"_ _2\"></span>314<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x357 y2da4 wae h86\"><div class=\"t m0 x197 h88 y1c50 ff146 fs3a fc2 sc0 ls20 ws36\">133,151<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x358 y2da4 wb0 h86\"><div class=\"t m0 x180 h87 y1c50 ff145 fs3a fc2 sc0 ls23 ws39\">80,681<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2da4 wb0 h86\"><div class=\"t m0 x181 h88 y1c50 ff146 fs3a fc2 sc0 ls20 ws36\">78,994<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2da5 wa8 h8a\"><div class=\"t m0 x0 h88 y1c03 ff146 fs3a fc2 sc0 ls22 ws37\">Profit f<span class=\"_ _1\"></span>or the<span class=\"ls1 ws0\"> <span class=\"ls2e ws5c\">year</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x354 y2da5 wab h8a\"><div class=\"t m0 x186 h87 y1c03 ff145 fs3a fc2 sc0 ls23 ws39\">22,303<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x35f y2da5 wad h8a\"><div class=\"t m0 x181 h88 y1c03 ff146 fs3a fc2 sc0 ls20 ws36\">35,184<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x35d y2da5 w2c h8a\"><div class=\"t m0 x1ce h87 y1c03 ff145 fs3a fc2 sc0 ls21 ws35\">7,58<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x357 y2da5 wae h8a\"><div class=\"t m0 x181 h88 y1c03 ff146 fs3a fc2 sc0 ls20 ws36\">18,655<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x358 y2da5 wb2 h8a\"><div class=\"t m0 x181 h87 y1c03 ff145 fs3a fc2 sc0 ls21 ws35\">(1,02<span class=\"_ _2\"></span>1)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2da5 wb0 h8a\"><div class=\"t m0 x183 h88 y1c03 ff146 fs3a fc2 sc0 ls20 ws36\">2,130<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2da6 wa8 h86\"><div class=\"t m0 x0 h88 y1bdc ff146 fs3a fc2 sc0 ls29 ws44\">Dividends<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x354 y2da6 wb3 h86\"><div class=\"t m0 x187 h87 y1bdc ff145 fs3a fc2 sc0 ls21 ws35\">(11,0<span class=\"_ _2\"></span>00)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x35f y2da6 wb2 h86\"><div class=\"t m0 x187 h88 y1bdc ff146 fs3a fc2 sc0 ls20 ws36\">(6,000)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x35d y2da6 wb4 h86\"><div class=\"t m0 x186 h87 y1bdc ff145 fs3a fc2 sc0 ls21 ws35\">(8,50<span class=\"_ _2\"></span>0)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x357 y2da6 wae h86\"><div class=\"t m0 x193 h88 y1bdc ff147 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff146\"> </span></div></td><td class=\"c x358 y2da6 wb0 h86\"><div class=\"t m0 x193 h87 y1bdc ff148 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff145\"> </span></div></td><td class=\"c x2ae y2da6 wb0 h86\"><div class=\"t m0 x193 h88 y1bdc ff147 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff146\"> </span></div></td></tr><tr><td class=\"c x24b y2da7 wa8 h86\"><div class=\"t m0 x0 h88 y1bde ff146 fs3a fc2 sc0 ls26 ws3d\">Other comprehen<span class=\"_ _1\"></span>sive <span class=\"ls25 ws41\">(loss)<span class=\"ls1 ws0\"> <span class=\"ls2a ws45\">income<span class=\"_ _2\"></span></span> </span></span></div></td><td class=\"c x354 y2da7 wb3 h86\"><div class=\"t m0 x177 h87 y1bde ff145 fs3a fc2 sc0 ls21 ws35\">(965)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x35f y2da7 wb2 h86\"><div class=\"t m0 x185 h88 y1bde ff146 fs3a fc2 sc0 ls20 ws36\">(847)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x35d y2da7 wb4 h86\"><div class=\"t m0 x186 h87 y1bde ff145 fs3a fc2 sc0 ls21 ws35\">(3,75<span class=\"_ _2\"></span>3)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x357 y2da7 wb5 h86\"><div class=\"t m0 x185 h88 y1bde ff146 fs3a fc2 sc0 ls20 ws36\">(493)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x358 y2da7 wb0 h86\"><div class=\"t m0 x179 h87 y1bde ff145 fs3a fc2 sc0 ls21 ws35\">1,89<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2da7 wb2 h86\"><div class=\"t m0 x185 h88 y1bde ff146 fs3a fc2 sc0 ls20 ws36\">(444)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2da8 wa8 h94\"><div class=\"t m0 x0 h88 y1be0 ff146 fs3a fc2 sc0 ls2a ws45\">Othe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x354 y2da8 wb3 h94\"><div class=\"t m0 x177 h87 y1be0 ff145 fs3a fc2 sc0 ls21 ws35\">(758)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x35f y2da8 wad h94\"><div class=\"t m0 x193 h88 y1be0 ff147 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff146\"> </span></div></td><td class=\"c x35d y2da8 w2c h94\"><div class=\"t m0 x106 h87 y1be0 ff145 fs3a fc2 sc0 ls1 ws0\">1 </div></td><td class=\"c x357 y2da8 wae h94\"><div class=\"t m0 x1 h88 y1be0 ff146 fs3a fc2 sc0 ls1 ws0\">1<span class=\"_ _1\"></span> </div></td><td class=\"c x358 y2da8 wb2 h94\"><div class=\"t m0 x171 h87 y1be0 ff145 fs3a fc2 sc0 ls21 ws35\">(1)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2da8 wb0 h94\"><div class=\"t m0 x1 h88 y1be0 ff146 fs3a fc2 sc0 ls1 ws0\">1<span class=\"_ _1\"></span> </div></td></tr><tr><td class=\"c x24b y2da9 wa8 h8a\"><div class=\"t m0 x0 h88 y1be6 ff146 fs3a fc2 sc0 ls26 ws3d\">Balance, Nov<span class=\"_ _1\"></span>ember 30<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x354 y2da9 wab h8a\"><div class=\"t m0 x187 h87 y1be6 ff145 fs3a fc2 sc0 ls21 ws35\">147,<span class=\"_ _2\"></span>855<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x35f y2da9 wad h8a\"><div class=\"t m0 x197 h88 y1be6 ff146 fs3a fc2 sc0 ls20 ws36\">138,275<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x35d y2da9 w2c h8a\"><div class=\"t m0 x187 h87 y1be6 ff145 fs3a fc2 sc0 ls21 ws35\">146,<span class=\"_ _2\"></span>642<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x357 y2da9 wae h8a\"><div class=\"t m0 x197 h88 y1be6 ff146 fs3a fc2 sc0 ls20 ws36\">151,314<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x358 y2da9 wb0 h8a\"><div class=\"t m0 x180 h87 y1be6 ff145 fs3a fc2 sc0 ls23 ws39\">81,556<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2da9 wb0 h8a\"><div class=\"t m0 x181 h88 y1be6 ff146 fs3a fc2 sc0 ls20 ws36\">80,681<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2daa wa8 h86\"><div class=\"t m0 x0 h88 y2112 ff146 fs3a fc2 sc0 ls26 ws3d\">Percentage owned<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x354 y2daa wab h86\"><div class=\"t m0 x1a0 h87 y2112 ff145 fs3a fc2 sc0 ls27 ws3f\">50%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x35f y2daa wad h86\"><div class=\"t m0 x184 h88 y2112 ff146 fs3a fc2 sc0 ls20 ws36\">50%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x35d y2daa w2c h86\"><div class=\"t m0 x1a0 h87 y2112 ff145 fs3a fc2 sc0 ls27 ws3f\">50%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x357 y2daa wae h86\"><div class=\"t m0 x184 h88 y2112 ff146 fs3a fc2 sc0 ls20 ws36\">50%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x358 y2daa wb0 h86\"><div class=\"t m0 x184 h87 y2112 ff145 fs3a fc2 sc0 ls27 ws3f\">49%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2daa wb0 h86\"><div class=\"t m0 x184 h88 y2112 ff146 fs3a fc2 sc0 ls20 ws36\">49%<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2dab wa8 h86\"><div class=\"t m0 x0 h88 y1c0a ff146 fs3a fc2 sc0 ls24 ws3a\">Interest in joint<span class=\"ls1 ws0\"> </span><span class=\"ws3b\">venture</span><span class=\"ws3b\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x354 y2dab wab h86\"><div class=\"t m0 x186 h87 y1c0a ff145 fs3a fc2 sc0 ls23 ws39\">73,927<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x35f y2dab wad h86\"><div class=\"t m0 x181 h88 y1c0a ff146 fs3a fc2 sc0 ls20 ws36\">69,138<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x35d y2dab w2c h86\"><div class=\"t m0 x186 h87 y1c0a ff145 fs3a fc2 sc0 ls23 ws39\">73,320<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x357 y2dab wae h86\"><div class=\"t m0 x181 h88 y1c0a ff146 fs3a fc2 sc0 ls20 ws36\">75,657<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x358 y2dab wb0 h86\"><div class=\"t m0 x180 h87 y1c0a ff145 fs3a fc2 sc0 ls23 ws39\">39,963<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2dab wb0 h86\"><div class=\"t m0 x181 h88 y1c0a ff146 fs3a fc2 sc0 ls20 ws36\">39,534<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2dac wa8 h8a\"><div class=\"t m0 x0 h88 y1c18 ff146 fs3a fc2 sc0 ls24 ws3b\">Advances<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x354 y2dac wab h8a\"><div class=\"t m0 x186 h87 y1c18 ff145 fs3a fc2 sc0 ls23 ws39\">62,472<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x35f y2dac wad h8a\"><div class=\"t m0 x181 h88 y1c18 ff146 fs3a fc2 sc0 ls20 ws36\">42,287<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x35d y2dac w2c h8a\"><div class=\"t m0 x1cd h87 y1c18 ff148 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff145\"> </span></div></td><td class=\"c x357 y2dac wae h8a\"><div class=\"t m0 x193 h88 y1c18 ff147 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff146\"> </span></div></td><td class=\"c x358 y2dac wb0 h8a\"><div class=\"t m0 x193 h87 y1c18 ff148 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff145\"> </span></div></td><td class=\"c x2ae y2dac wb0 h8a\"><div class=\"t m0 x193 h88 y1c18 ff147 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff146\"> </span></div></td></tr><tr><td class=\"c x24b y2dad wa8 h86\"><div class=\"t m0 x0 h87 y1bea ff145 fs3a fc2 sc0 ls22 ws34\">Investm<span class=\"_ _1\"></span>ent in and advanc<span class=\"_ _1\"></span>es to joint v<span class=\"_ _1\"></span>entures<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x354 y2dad wab h86\"><div class=\"t m0 x187 h87 y1bea ff145 fs3a fc2 sc0 ls21 ws35\">136,<span class=\"_ _2\"></span>399<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x35f y2dad wad h86\"><div class=\"t m0 x197 h88 y1bea ff146 fs3a fc2 sc0 ls20 ws36\">111,425<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x35d y2dad w2c h86\"><div class=\"t m0 x186 h87 y1bea ff145 fs3a fc2 sc0 ls23 ws39\">73,320<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x357 y2dad wae h86\"><div class=\"t m0 x181 h88 y1bea ff146 fs3a fc2 sc0 ls20 ws36\">75,657<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x358 y2dad wb0 h86\"><div class=\"t m0 x180 h87 y1bea ff145 fs3a fc2 sc0 ls23 ws39\">39,963<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2dad wb0 h86\"><div class=\"t m0 x181 h88 y1bea ff146 fs3a fc2 sc0 ls20 ws36\">39,534<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table><table class=\"s w187 h143\" id=\"_36936b22-2267-4aa4-ab45-36e0b60af0b6\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x345 h82 y2d8a ff146 fs3b fc2 sc0 ls2d wsa4\">Tianjin Lin<span class=\"_ _2\"></span>gang <span class=\"ls1 ws0\">Stolthaven</span><span class=\"ls1 ws0\">  </span></td><td></td><td class=\"t m0 x32b h82 y2d8a ff146 fs3b fc2 sc0 ls1 ws32\">Tianjin Lingang Stolthaven <span class=\"ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x346 h82 y2d8b ff146 fs3b fc2 sc0 ls1 ws32\">Advario Stolthaven Antwerp, NV<span class=\"ws0\"> </span></td><td></td><td class=\"t m0 x347 h82 y2d8b ff146 fs3b fc2 sc0 ls1 ws0\">Jeong-<span class=\"ws32\">IL Stolthaven Ulsan Co. Ltd</span> </td><td></td><td class=\"t m0 x30e h82 y2d8b ff146 fs3b fc2 sc0 ls2d wsa4\">Terminal C<span class=\"_ _2\"></span>o.<span class=\"ls1 ws0\"> </span></td><td></td><td class=\"t m0 x348 h82 y2d8b ff146 fs3b fc2 sc0 ls1 ws32\">Jetty Company<span class=\"ws0\"> </span></td><td></td></tr><tr><td class=\"c x24b y2d8c wb6 hb9\"><div class=\"t m0 x0 h82 y1c51 ff146 fs3b fc2 sc0 ls1 ws32\">(in US $<span class=\"ws0\"> <span class=\"ls1d ws31\">thou<span class=\"_ _2\"></span>sands</span></span><span class=\"ws0\"><span class=\"ls1d ws31\">)</span> </span></div></td><td class=\"t m0 x349 h85 y2d8d ff145 fs3b fc2 sc0 ls1b ws2f\">202<span class=\"ls1 ws0\">5<span class=\"_ _195\"> </span></span></td><td class=\"c x314 y2d8e w188 h115\"><div class=\"t m0 x245 h82 y29a6 ff146 fs3b fc2 sc0 ls1b ws2f\">202<span class=\"_ _195\"> </span></div><div class=\"t m0 x34a h82 y29a6 ff146 fs3b fc2 sc0 ls1 ws0\">4<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x34b h85 y2d8d ff145 fs3b fc2 sc0 ls1b ws2f\">202<span class=\"ls1 ws0\">5<span class=\"_ _195\"> </span></span></td><td class=\"c x34d y2d8e w189 h115\"><div class=\"t m0 x245 h82 y29a6 ff146 fs3b fc2 sc0 ls1b ws2f\">202<span class=\"_ _195\"> </span></div><div class=\"t m0 x34c h82 y29a6 ff146 fs3b fc2 sc0 ls1 ws0\">4<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x30e h85 y2d8d ff145 fs3b fc2 sc0 ls1b ws2f\">202<span class=\"ls1 ws0\">5<span class=\"_ _195\"> </span></span></td><td class=\"t m0 x277 h82 y2d8d ff146 fs3b fc2 sc0 ls1b ws2f\">202<span class=\"ls1 ws0\">4<span class=\"_ _195\"> </span></span></td><td class=\"c x34f y2d8f w18a h134\"><div class=\"t m0 x245 h85 y2c8b ff145 fs3b fc2 sc0 ls1b ws2f\">202<span class=\"_ _195\"> </span></div><div class=\"t m0 x34e h85 y2c8b ff145 fs3b fc2 sc0 ls1 ws0\">5<span class=\"_ _195\"> </span></div></td><td class=\"c x351 y2d8e w18b h115\"><div class=\"t m0 x245 h82 y29a6 ff146 fs3b fc2 sc0 ls1b ws2f\">202<span class=\"_ _195\"> </span></div><div class=\"t m0 x350 h82 y29a6 ff146 fs3b fc2 sc0 ls1 ws0\">4<span class=\"_ _195\"> </span></div></td></tr><tr><td class=\"c x24b y2d90 wb6 h86\"><div class=\"t m0 x0 h88 y1bde ff146 fs3a fc2 sc0 ls22 ws3e\">Net <span class=\"_ _1\"></span><span class=\"ls1 ws0\">a<span class=\"ls25 ws41\">ssets:</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2d91 wb6 h94\"><div class=\"t m0 x0 h88 y1c2d ff146 fs3a fc2 sc0 ls26 ws3d\">Balance, Decem<span class=\"_ _1\"></span>ber 1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x352 y2d91 w20 h94\"><div class=\"t m0 x180 h87 y1c2d ff145 fs3a fc2 sc0 ls21 ws35\">192,<span class=\"_ _2\"></span>798<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x353 y2d91 w5e h94\"><div class=\"t m0 x17b h88 y1c2d ff146 fs3a fc2 sc0 ls20 ws36\">193,107<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x354 y2d91 w20 h94\"><div class=\"t m0 x180 h87 y1c2d ff145 fs3a fc2 sc0 ls21 ws35\">228,<span class=\"_ _2\"></span>672<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x355 y2d91 wb8 h94\"><div class=\"t m0 x210 h88 y1c2d ff146 fs3a fc2 sc0 ls20 ws36\">238,900<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x356 y2d91 w7b h94\"><div class=\"t m0 x182 h87 y1c2d ff145 fs3a fc2 sc0 ls23 ws39\">33,135<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x357 y2d91 wb8 h94\"><div class=\"t m0 x18f h88 y1c2d ff146 fs3a fc2 sc0 ls20 ws36\">30,654<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x358 y2d91 wae h94\"><div class=\"t m0 x180 h87 y1c2d ff145 fs3a fc2 sc0 ls23 ws39\">27,728<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2d91 wb9 h94\"><div class=\"t m0 x181 h88 y1c2d ff146 fs3a fc2 sc0 ls20 ws36\">28,174<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d92 wb6 h86\"><div class=\"t m0 x0 h88 y1bde ff146 fs3a fc2 sc0 ls22 ws37\">Profit f<span class=\"_ _1\"></span>or the year<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x352 y2d92 w20 h86\"><div class=\"t m0 x179 h87 y1bde ff145 fs3a fc2 sc0 ls23 ws39\">15,954<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x353 y2d92 w5e h86\"><div class=\"t m0 x180 h88 y1bde ff146 fs3a fc2 sc0 ls20 ws36\">15,046<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x354 y2d92 w20 h86\"><div class=\"t m0 x179 h87 y1bde ff145 fs3a fc2 sc0 ls23 ws39\">32,496<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x355 y2d92 wb8 h86\"><div class=\"t m0 x18f h88 y1bde ff146 fs3a fc2 sc0 ls20 ws36\">29,361<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x356 y2d92 w7b h86\"><div class=\"t m0 x47 h87 y1bde ff145 fs3a fc2 sc0 ls21 ws35\">1,69<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x357 y2d92 wb8 h86\"><div class=\"t m0 x182 h88 y1bde ff146 fs3a fc2 sc0 ls20 ws36\">2,955<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x358 y2d92 wae h86\"><div class=\"t m0 x179 h87 y1bde ff145 fs3a fc2 sc0 ls21 ws35\">2,12<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2d92 wb9 h86\"><div class=\"t m0 x183 h88 y1bde ff146 fs3a fc2 sc0 ls20 ws36\">2,053<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d93 wb6 h86\"><div class=\"t m0 x0 h88 y1c05 ff146 fs3a fc2 sc0 ls29 ws44\">Dividends<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x352 y2d93 w25 h86\"><div class=\"t m0 x181 h87 y1c05 ff145 fs3a fc2 sc0 ls21 ws35\">(12,6<span class=\"_ _2\"></span>12)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x353 y2d93 wba h86\"><div class=\"t m0 x181 h88 y1c05 ff146 fs3a fc2 sc0 ls20 ws36\">(9,824)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x354 y2d93 w24 h86\"><div class=\"t m0 x181 h87 y1c05 ff145 fs3a fc2 sc0 ls21 ws35\">(24,9<span class=\"_ _2\"></span>22)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x355 y2d93 wbb h86\"><div class=\"t m0 x180 h88 y1c05 ff146 fs3a fc2 sc0 ls20 ws36\">(22,950)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x356 y2d93 w7b h86\"><div class=\"t m0 x106 h87 y1c05 ff148 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff145\"> </span></div></td><td class=\"c x357 y2d93 wb8 h86\"><div class=\"t m0 x1 h88 y1c05 ff147 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff146\"> </span></div></td><td class=\"c x358 y2d93 wbc h86\"><div class=\"t m0 x181 h87 y1c05 ff145 fs3a fc2 sc0 ls21 ws35\">(1,71<span class=\"_ _2\"></span>5)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2d93 wbd h86\"><div class=\"t m0 x187 h88 y1c05 ff146 fs3a fc2 sc0 ls20 ws36\">(2,071)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d94 wb6 h8a\"><div class=\"t m0 x0 h88 y1be6 ff146 fs3a fc2 sc0 ls24 ws3a\">Other comprehensive income<span class=\"ls1 ws0\"> <span class=\"ls25 ws41\">(loss)</span> </span></div></td><td class=\"c x352 y2d94 w20 h8a\"><div class=\"t m0 x179 h87 y1be6 ff145 fs3a fc2 sc0 ls23 ws39\">17,135<span class=\"_ _1\"></span><span class=\"ls1 ws0\">  </span></div></td><td class=\"c x353 y2d94 wba h8a\"><div class=\"t m0 x181 h88 y1be6 ff146 fs3a fc2 sc0 ls20 ws36\">(5,531)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x354 y2d94 w24 h8a\"><div class=\"t m0 x181 h87 y1be6 ff145 fs3a fc2 sc0 ls21 ws35\">(11,3<span class=\"_ _2\"></span>90)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x355 y2d94 wbb h8a\"><div class=\"t m0 x180 h88 y1be6 ff146 fs3a fc2 sc0 ls20 ws36\">(16,639)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x356 y2d94 w7b h8a\"><div class=\"t m0 x19f h87 y1be6 ff145 fs3a fc2 sc0 ls21 ws35\">819<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x357 y2d94 wbb h8a\"><div class=\"t m0 x184 h88 y1be6 ff146 fs3a fc2 sc0 ls20 ws36\">(472)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x358 y2d94 wae h8a\"><div class=\"t m0 x1ce h87 y1be6 ff145 fs3a fc2 sc0 ls21 ws35\">573<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2d94 wbd h8a\"><div class=\"t m0 x185 h88 y1be6 ff146 fs3a fc2 sc0 ls20 ws36\">(428)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d95 wb6 h86\"><div class=\"t m0 x0 h88 y1be4 ff146 fs3a fc2 sc0 ls2a ws45\">Othe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x352 y2d95 w20 h86\"><div class=\"t m0 xb6 h87 y1be4 ff148 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff145\"> </span></div></td><td class=\"c x353 y2d95 w5e h86\"><div class=\"t m0 x1be h88 y1be4 ff147 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff146\"> </span></div></td><td class=\"c x354 y2d95 w24 h86\"><div class=\"t m0 x1 h87 y1be4 ff145 fs3a fc2 sc0 ls21 ws35\">(1)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x355 y2d95 wb8 h86\"><div class=\"t m0 x1 h88 y1be4 ff147 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff146\"> </span></div></td><td class=\"c x356 y2d95 w7b h86\"><div class=\"t m0 x106 h87 y1be4 ff145 fs3a fc2 sc0 ls1 ws0\">1 </div></td><td class=\"c x357 y2d95 wbb h86\"><div class=\"t m0 x19f h88 y1be4 ff146 fs3a fc2 sc0 ls2a ws45\">(2)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x358 y2d95 wae h86\"><div class=\"t m0 x193 h87 y1be4 ff145 fs3a fc2 sc0 ls1 ws0\">1 </div></td><td class=\"c x2ae y2d95 wb9 h86\"><div class=\"t m0 x193 h88 y1be4 ff147 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff146\"> </span></div></td></tr><tr><td class=\"c x24b y2d96 wb6 h89\"><div class=\"t m0 x0 h88 y1be2 ff146 fs3a fc2 sc0 ls26 ws3d\">Balance, Nov<span class=\"_ _1\"></span>ember 30<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x352 y2d96 w20 h89\"><div class=\"t m0 x180 h87 y1be2 ff145 fs3a fc2 sc0 ls21 ws35\">213,<span class=\"_ _2\"></span>275<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x353 y2d96 w5e h89\"><div class=\"t m0 x17b h88 y1be2 ff146 fs3a fc2 sc0 ls20 ws36\">192,798<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x354 y2d96 w20 h89\"><div class=\"t m0 x180 h87 y1be2 ff145 fs3a fc2 sc0 ls21 ws35\">224,<span class=\"_ _2\"></span>855<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x355 y2d96 wb8 h89\"><div class=\"t m0 x210 h88 y1be2 ff146 fs3a fc2 sc0 ls20 ws36\">228,672<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x356 y2d96 w7b h89\"><div class=\"t m0 x182 h87 y1be2 ff145 fs3a fc2 sc0 ls23 ws39\">35,649<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x357 y2d96 wb8 h89\"><div class=\"t m0 x18f h88 y1be2 ff146 fs3a fc2 sc0 ls20 ws36\">33,135<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x358 y2d96 wae h89\"><div class=\"t m0 x180 h87 y1be2 ff145 fs3a fc2 sc0 ls23 ws39\">28,707<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2d96 wb9 h89\"><div class=\"t m0 x181 h88 y1be2 ff146 fs3a fc2 sc0 ls20 ws36\">27,728<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d97 wb6 h8c\"><div class=\"t m0 x0 h88 y1c18 ff146 fs3a fc2 sc0 ls26 ws3d\">Percentage owned<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x352 y2d97 w20 h8c\"><div class=\"t m0 x177 h87 y1c18 ff145 fs3a fc2 sc0 ls27 ws3f\">50%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x353 y2d97 w5e h8c\"><div class=\"t m0 x185 h88 y1c18 ff146 fs3a fc2 sc0 ls20 ws36\">50%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x354 y2d97 w20 h8c\"><div class=\"t m0 x177 h87 y1c18 ff145 fs3a fc2 sc0 ls27 ws3f\">50%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x355 y2d97 wb8 h8c\"><div class=\"t m0 x47 h88 y1c18 ff146 fs3a fc2 sc0 ls20 ws36\">50%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x356 y2d97 w7b h8c\"><div class=\"t m0 x1be h87 y1c18 ff145 fs3a fc2 sc0 ls27 ws3f\">65%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x357 y2d97 wb8 h8c\"><div class=\"t m0 x47 h88 y1c18 ff146 fs3a fc2 sc0 ls20 ws36\">65%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x358 y2d97 wae h8c\"><div class=\"t m0 x184 h87 y1c18 ff145 fs3a fc2 sc0 ls27 ws3f\">40%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2d97 wb9 h8c\"><div class=\"t m0 x184 h88 y1c18 ff146 fs3a fc2 sc0 ls20 ws36\">40%<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d98 wb6 h8a\"><div class=\"t m0 x0 h88 y1c65 ff146 fs3a fc2 sc0 ls24 ws3a\">Interest in joint venture<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x352 y2d98 w20 h8a\"><div class=\"t m0 x180 h87 y1c65 ff145 fs3a fc2 sc0 ls21 ws35\">106,<span class=\"_ _2\"></span>638<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x353 y2d98 w5e h8a\"><div class=\"t m0 x180 h88 y1c65 ff146 fs3a fc2 sc0 ls20 ws36\">96,399<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x354 y2d98 w20 h8a\"><div class=\"t m0 x180 h87 y1c65 ff145 fs3a fc2 sc0 ls21 ws35\">112,<span class=\"_ _2\"></span>428<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x355 y2d98 wb8 h8a\"><div class=\"t m0 x210 h88 y1c65 ff146 fs3a fc2 sc0 ls20 ws36\">114,336<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x356 y2d98 w7b h8a\"><div class=\"t m0 x182 h87 y1c65 ff145 fs3a fc2 sc0 ls23 ws39\">23,172<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x357 y2d98 wb8 h8a\"><div class=\"t m0 x18f h88 y1c65 ff146 fs3a fc2 sc0 ls20 ws36\">21,538<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x358 y2d98 wae h8a\"><div class=\"t m0 x180 h87 y1c65 ff145 fs3a fc2 sc0 ls23 ws39\">11,483<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2d98 wb9 h8a\"><div class=\"t m0 x181 h88 y1c65 ff146 fs3a fc2 sc0 ls20 ws36\">11,091<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d99 wb6 h86\"><div class=\"t m0 x0 h88 y1be8 ff146 fs3a fc2 sc0 ls22 ws37\">Purchase a<span class=\"_ _1\"></span>djustment to property<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x352 y2d99 w20 h86\"><div class=\"t m0 x185 h87 y1be8 ff145 fs3a fc2 sc0 ls21 ws35\">2,60<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x353 y2d99 w5e h86\"><div class=\"t m0 x179 h88 y1be8 ff146 fs3a fc2 sc0 ls20 ws36\">2,690<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x354 y2d99 w20 h86\"><div class=\"t m0 xb6 h87 y1be8 ff148 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff145\"> </span></div></td><td class=\"c x355 y2d99 wb8 h86\"><div class=\"t m0 x1 h88 y1be8 ff147 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff146\"> </span></div></td><td class=\"c x356 y2d99 w7b h86\"><div class=\"t m0 x106 h87 y1be8 ff148 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff145\"> </span></div></td><td class=\"c x357 y2d99 wb8 h86\"><div class=\"t m0 x1 h88 y1be8 ff147 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff146\"> </span></div></td><td class=\"c x358 y2d99 wae h86\"><div class=\"t m0 x193 h87 y1be8 ff148 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff145\"> </span></div></td><td class=\"c x2ae y2d99 wb9 h86\"><div class=\"t m0 x193 h88 y1be8 ff147 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff146\"> </span></div></td></tr><tr><td class=\"c x24b y2d9a wb6 h86\"><div class=\"t m0 x0 h88 y1c3e ff146 fs3a fc2 sc0 ls22 ws3e\">Goodwill<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x352 y2d9a w20 h86\"><div class=\"t m0 x179 h87 y1c3e ff145 fs3a fc2 sc0 ls23 ws39\">15,628<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x353 y2d9a w5e h86\"><div class=\"t m0 x180 h88 y1c3e ff146 fs3a fc2 sc0 ls20 ws36\">14,253<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x354 y2d9a w20 h86\"><div class=\"t m0 x185 h87 y1c3e ff145 fs3a fc2 sc0 ls21 ws35\">3,79<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x355 y2d9a wb8 h86\"><div class=\"t m0 x182 h88 y1c3e ff146 fs3a fc2 sc0 ls20 ws36\">3,995<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x356 y2d9a w7b h86\"><div class=\"t m0 x106 h87 y1c3e ff148 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff145\"> </span></div></td><td class=\"c x357 y2d9a wb8 h86\"><div class=\"t m0 x1 h88 y1c3e ff147 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff146\"> </span></div></td><td class=\"c x358 y2d9a wae h86\"><div class=\"t m0 x193 h87 y1c3e ff148 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff145\"> </span></div></td><td class=\"c x2ae y2d9a wb9 h86\"><div class=\"t m0 x193 h88 y1c3e ff147 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff146\"> </span></div></td></tr><tr><td class=\"c x24b y2d9b wb6 h8a\"><div class=\"t m0 x0 h88 y1bec ff146 fs3a fc2 sc0 ls2a ws45\">Othe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x352 y2d9b w20 h8a\"><div class=\"t m0 x185 h87 y1bec ff145 fs3a fc2 sc0 ls21 ws35\">2,42<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x353 y2d9b w5e h8a\"><div class=\"t m0 x179 h88 y1bec ff146 fs3a fc2 sc0 ls20 ws36\">1,811<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x354 y2d9b w20 h8a\"><div class=\"t m0 xb6 h87 y1bec ff148 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff145\"> </span></div></td><td class=\"c x355 y2d9b wb8 h8a\"><div class=\"t m0 x1 h88 y1bec ff147 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff146\"> </span></div></td><td class=\"c x356 y2d9b w7b h8a\"><div class=\"t m0 xaf h87 y1bec ff145 fs3a fc2 sc0 ls27 ws3f\">68<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x357 y2d9b wb8 h8a\"><div class=\"t m0 x1be h88 y1bec ff146 fs3a fc2 sc0 ls20 ws36\">69<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x358 y2d9b wbc h8a\"><div class=\"t m0 x182 h87 y1bec ff145 fs3a fc2 sc0 ls21 ws35\">(196)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2d9b wbd h8a\"><div class=\"t m0 x185 h88 y1bec ff146 fs3a fc2 sc0 ls20 ws36\">(193)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2d9c wb6 h8b\"><div class=\"t m0 x0 h87 y1e5d ff145 fs3a fc2 sc0 ls22 ws34\">Investm<span class=\"_ _1\"></span>ent in and advanc<span class=\"_ _1\"></span>es to joint v<span class=\"_ _1\"></span>entures<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x352 y2d9c w20 h8b\"><div class=\"t m0 x180 h87 y1e5d ff145 fs3a fc2 sc0 ls21 ws35\">127,<span class=\"_ _2\"></span>296<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x353 y2d9c w5e h8b\"><div class=\"t m0 x17b h88 y1e5d ff146 fs3a fc2 sc0 ls20 ws36\">115,153<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x354 y2d9c w20 h8b\"><div class=\"t m0 x180 h87 y1e5d ff145 fs3a fc2 sc0 ls21 ws35\">116,<span class=\"_ _2\"></span>225<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x355 y2d9c wb8 h8b\"><div class=\"t m0 x210 h88 y1e5d ff146 fs3a fc2 sc0 ls20 ws36\">118,331<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x356 y2d9c w7b h8b\"><div class=\"t m0 x182 h87 y1e5d ff145 fs3a fc2 sc0 ls23 ws39\">23,240<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x357 y2d9c wb8 h8b\"><div class=\"t m0 x18f h88 y1e5d ff146 fs3a fc2 sc0 ls20 ws36\">21,607<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x358 y2d9c wae h8b\"><div class=\"t m0 x180 h87 y1e5d ff145 fs3a fc2 sc0 ls23 ws39\">11,287<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2d9c wb9 h8b\"><div class=\"t m0 x181 h88 y1e5d ff146 fs3a fc2 sc0 ls20 ws36\">10,898<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>In agg<span class=\"_ _2\"></span>regate<span class=\"_ _2\"></span>, t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup\u2019s<span class=\"_ _2\"></span> inv<span class=\"_ _2\"></span>est<span class=\"_ _2\"></span>ments<span class=\"_ _2\"></span> in <span class=\"_ _2\"></span>and ad<span class=\"_ _2\"></span>vance<span class=\"_ _2\"></span>s to<span class=\"_ _2\"></span> non<span class=\"_ _2\"></span><span class=\"ff14d ls1 ws0\">-<span class=\"ls2f ws70\">material joint ventu<span class=\"_ _2\"></span>res were <span class=\"_ _2\"></span></span> </span>$97.0 million and $88.6 million<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">for the ye<span class=\"_ _2\"></span>ars ended November 30, 2025 and 2024,<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">respectively<span class=\"ls49 ws78\">, </span>while</span> </span></span></span>the no<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">material associates <span class=\"_ _2\"></span>remained a<span class=\"_ _2\"></span>t $2.6 milli<span class=\"_ _2\"></span>on, for <span class=\"_ _2\"></span></span></span>the<span class=\"_ _2\"></span> two <span class=\"_ _2\"></span>years<span class=\"_ _2\"></span><span class=\"ls5d wsae\">. Th<span class=\"_ _1\"></span>e <span class=\"ls2f ws4e\">tables <span class=\"ls31 ws53\">below </span></span></span>summa<span class=\"_ _2\"></span>rise<span class=\"_ _2\"></span> the f<span class=\"_ _2\"></span>inanc<span class=\"_ _2\"></span>ial <span class=\"_ _2\"></span>inform<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>tion o<span class=\"_ _2\"></span>f th<span class=\"ls4a ws74\">e<span class=\"_ _2\"></span> non<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls53 ws32\">ma<span class=\"_ _2\"></span>terial<span class=\"_ _2\"></span> join<span class=\"_ _2\"></span>t ven<span class=\"_ _2\"></span>tures<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>associa<span class=\"_ _2\"></span>tes:<span class=\"_ _2\"></span><span class=\"ff14e ls1 ws0\"> </span></span></span></span><table class=\"s w151 h145\" id=\"_d9c3cea5-449e-420d-b1b7-f211b7053a01\"><tr><td></td><td class=\"c x28c y2dae w92 h80\"><div class=\"t m0 x17c h82 y1bd2 ff14d fs3b fc2 sc0 ls1 ws32\">For the years ended November 30<span class=\"ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2daf w150 h102\"><div class=\"t m0 x245 h82 y29a6 ff14d fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2b9 h82 y29a7 ff14d fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x2e0 h85 y2db0 ff14b fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"t m0 x2e1 h82 y2db0 ff14d fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2db1 w4d h86\"><div class=\"t m0 x0 h87 y1bda ff14b fs3a fc2 sc0 ls22 ws34\">Joint Ve<span class=\"_ _1\"></span>ntures<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x24b y2db2 w4d h8b\"><div class=\"t m0 x0 h88 y1c05 ff14d fs3a fc2 sc0 ls22 ws37\">Profit b<span class=\"_ _1\"></span>efore taxes<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2db2 w20 h8b\"><div class=\"t m0 x179 h87 y1c05 ff14b fs3a fc2 sc0 ls23 ws39\">15,494<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2db2 w20 h8b\"><div class=\"t m0 x183 h88 y1c05 ff14d fs3a fc2 sc0 ls20 ws36\">16,186<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2db3 w4d h8a\"><div class=\"t m0 x0 h88 y1be6 ff14d fs3a fc2 sc0 ls24 ws3a\">Income tax expense<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2db3 w20 h8a\"><div class=\"t m0 x185 h87 y1be6 ff14b fs3a fc2 sc0 ls21 ws35\">3,71<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2db3 w20 h8a\"><div class=\"t m0 x184 h88 y1be6 ff14d fs3a fc2 sc0 ls20 ws36\">3,151<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2db4 w4d h86\"><div class=\"t m0 x0 h88 y1be4 ff14d fs3a fc2 sc0 ls22 ws37\">Net profit <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2db4 w20 h86\"><div class=\"t m0 x179 h87 y1be4 ff14b fs3a fc2 sc0 ls23 ws39\">11,782<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2db4 w20 h86\"><div class=\"t m0 x183 h88 y1be4 ff14d fs3a fc2 sc0 ls20 ws36\">13,035<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2db5 w4d h86\"><div class=\"t m0 x0 h88 y1c0a ff14d fs3a fc2 sc0 ls24 ws3a\">Other comprehensi<span class=\"ls1f wscf\">ve gain<span class=\"_ _2\"></span> (lo<span class=\"_ _2\"></span>ss)<span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x28c y2db5 w20 h86\"><div class=\"t m0 x185 h87 y1c0a ff14b fs3a fc2 sc0 ls21 ws35\">4,13<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\">  </span></div></td><td class=\"c x24e y2db5 w25 h86\"><div class=\"t m0 x47 h88 y1c0a ff14d fs3a fc2 sc0 ls20 ws36\">(213)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2db6 w4d h8a\"><div class=\"t m0 x0 h87 y1c18 ff14b fs3a fc2 sc0 ls25 ws4d\">Total comprehensive income <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2db6 w20 h8a\"><div class=\"t m0 x179 h87 y1c18 ff14b fs3a fc2 sc0 ls23 ws39\">15,913<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2db6 w20 h8a\"><div class=\"t m0 x183 h88 y1c18 ff14d fs3a fc2 sc0 ls20 ws36\">12,822<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>The Gr<span class=\"_ _2\"></span>oup h<span class=\"_ _2\"></span>as <span class=\"ls1 ws0\">a <span class=\"ls6e wsd0\">co<span class=\"_ _1\"></span>mmitment to<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">loan</span> <span class=\"ls48 ws2f\">NYK Stolt <span class=\"_ _2\"></span>Tankers <span class=\"_ _2\"></span>S.A. $</span>3<span class=\"ls48 ws72\">6.0</span> <span class=\"ls2f ws70\">million fo<span class=\"_ _2\"></span>r future depo<span class=\"_ _2\"></span>sits on </span></span></span></span>newbuil<span class=\"_ _2\"></span>ding<span class=\"_ _2\"></span> con<span class=\"_ _2\"></span>tract<span class=\"_ _2\"></span>s at<span class=\"_ _2\"></span> Nove<span class=\"_ _2\"></span>mb<span class=\"_ _2\"></span>er 30<span class=\"_ _2\"></span>, <span class=\"ls31 ws53\">202<span class=\"ls1 ws0\">5.<span class=\"_ _1\"></span> <span class=\"ls30 ws50\">Capital<span class=\"_ _2\"></span> comm<span class=\"_ _2\"></span>itme<span class=\"_ _2\"></span>nts i<span class=\"_ _2\"></span>n joi<span class=\"_ _2\"></span>nt ve<span class=\"_ _2\"></span>nture<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>are i<span class=\"_ _2\"></span>n Not<span class=\"_ _2\"></span>e 27<span class=\"_ _2\"></span>.</span> </span></span>See No<span class=\"_ _2\"></span>te 2<span class=\"_ _2\"></span>8 fo<span class=\"_ _2\"></span>r amo<span class=\"_ _2\"></span>unts<span class=\"_ _2\"></span> due f<span class=\"_ _2\"></span>rom<span class=\"_ _2\"></span> and t<span class=\"_ _2\"></span>o the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up <span class=\"_ _2\"></span>from j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> ve<span class=\"_ _2\"></span>ntures<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> assoc<span class=\"_ _2\"></span>iate<span class=\"_ _2\"></span>s.<span class=\"_ _195\"> </span>November 30<span class=\"_ _2\"></span>, 20<span class=\"ls1b ws2f\">25</span><span class=\"ls1b ws2f\"><span class=\"ls1 ws0\"> </span></span>November 30, 20<span class=\"ls78 wsbd\">24</span><span class=\"ws0\"> </span>Total c<span class=\"ls65 ws99\">arrying<span class=\"_ _195\"> </span></span>Total carrying<span class=\"_ _195\"> </span>(in<span class=\"_ _195\"> </span><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span>Current<span class=\"ls1 ws0\"> </span>Non<span class=\"ls1 ws0\">-current</span><span class=\"ls1 ws0\"> </span> <span class=\"ls65 ws99\">value</span> Fair <span class=\"ls1 ws0\">v</span>alue<span class=\"ls1 ws0\"> </span>Curre<span class=\"_ _1\"></span>nt<span class=\"ls1 ws0\"> </span>Non-<span class=\"ls1e ws32\">current</span> value<span class=\"_ _195\"> </span>Fair <span class=\"ls1 ws0\">v<span class=\"ls2d ws4a\">alue</span></span><span class=\"ls1 ws0\"> </span>Financial <span class=\"ls1 ws0\">A<span class=\"_ _1\"></span><span class=\"ls27 ws3f\">ssets</span></span><span class=\"ls1 ws0\"><span class=\"ls27 ws3f\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span>Financial<span class=\"_ _2\"></span> assets a<span class=\"_ _2\"></span>t FVTOCI<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Investments in equity instruments<span class=\"ls1 ws0\"> <span class=\"ff180\">\u2013<span class=\"_ _1\"></span><span class=\"ff17f\"> <span class=\"ls29 ws44\">listed</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ff180\"><span class=\"ff17f\"> </span></span></span>\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span>248,<span class=\"_ _2\"></span>350<span class=\"ls1 ws0\"> </span>248,<span class=\"_ _2\"></span>350<span class=\"ls1 ws0\"> </span>248,<span class=\"_ _2\"></span>350<span class=\"ls1 ws0\"> </span>\u2013<span class=\"ff17f\"> </span>205,274<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>205,274<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>205,274<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Financial<span class=\"_ _2\"></span> assets a<span class=\"_ _2\"></span>t amorti<span class=\"_ _2\"></span>sed cos<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\"> </span>Cash and cash equivalents<span class=\"ls1 ws0\"> </span>144,557<span class=\"ls1 ws0\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span>144,557<span class=\"ls1 ws0\"> </span>144,557<span class=\"ls1 ws0\"> </span>334,738<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>\u2013<span class=\"ff17f\"> </span>334,738<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>334,738<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Trade receiv<span class=\"_ _1\"></span>ables<span class=\"ls23 ws4b\">, excluding<span class=\"_ _1\"></span> contract receivab<span class=\"_ _1\"></span>les</span><span class=\"ls23 ws4b\"><span class=\"ls1 ws0\"> </span></span>330,096<span class=\"ls1 ws0\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span>330,<span class=\"_ _2\"></span>096<span class=\"ls1 ws0\"> </span>330,<span class=\"_ _2\"></span>096<span class=\"ls1 ws0\"> </span>359,530<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>\u2013<span class=\"ff17f\"> </span>359,530<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>359,530<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>Loans and advances to joint ventur<span class=\"_ _2\"></span>es<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2e ws4c\">and<span class=\"_ _2\"></span> associates</span></span><span class=\"ls1 ws0\"><span class=\"ls2e ws4c\"><span class=\"ls1 ws0\"> </span></span></span>\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span>72,893<span class=\"ls1 ws0\"> </span>72,893<span class=\"ls1 ws0\"> </span>72,893<span class=\"ls1 ws0\"> </span>\u2013<span class=\"ff17f\"> </span>81,372<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>81,372<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>81,372<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Other curren<span class=\"_ _1\"></span>t assets<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span> </span>31,956<span class=\"ls1 ws0\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span>31,956<span class=\"ls1 ws0\"> </span>31,956<span class=\"ls1 ws0\"> </span>34,885<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>\u2013<span class=\"ff17f\"> </span>34,885<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>34,885<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>506,609<span class=\"ls1 ws0\"> </span>321,<span class=\"_ _2\"></span>243<span class=\"ls1 ws0\"> </span>827,<span class=\"_ _2\"></span>852<span class=\"ls1 ws0\"> </span>827,<span class=\"_ _2\"></span>852<span class=\"ls1 ws0\"> </span>729,153<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>286,646<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>1,015,799<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>1,015,799",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-696": {
   "value": "(ii<span class=\"_ _2\"></span>) Join<span class=\"_ _2\"></span>t Ve<span class=\"_ _2\"></span>ntu<span class=\"_ _2\"></span>res<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Joint<span class=\"_ _2\"></span> ve<span class=\"_ _2\"></span>ntur<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>are t<span class=\"_ _2\"></span>hose<span class=\"_ _2\"></span> ent<span class=\"_ _2\"></span>itie<span class=\"_ _2\"></span>s ove<span class=\"_ _2\"></span>r <span class=\"_ _2\"></span>whose<span class=\"_ _2\"></span> ac<span class=\"_ _2\"></span>tivit<span class=\"_ _2\"></span>ies<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e Gro<span class=\"_ _2\"></span>up <span class=\"_ _2\"></span>has<span class=\"_ _2\"></span> joint<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntrol<span class=\"_ _2\"></span>, <span class=\"_ _2\"></span>estab<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>shed<span class=\"_ _2\"></span> by cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>ual <span class=\"_ _2\"></span>agre<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt. <span class=\"_ _2\"></span>Joint<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntr<span class=\"_ _2\"></span>ol r<span class=\"_ _2\"></span>equi<span class=\"_ _2\"></span>res<span class=\"_ _2\"></span> unani<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>us co<span class=\"_ _2\"></span>nsen<span class=\"_ _2\"></span>t <span class=\"_ _2\"></span>of th<span class=\"_ _2\"></span>e p<span class=\"_ _2\"></span>artie<span class=\"_ _2\"></span>s sh<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>ng c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>ol <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>in the d<span class=\"_ _2\"></span>ecision<span class=\"ls1 ws0\">-<span class=\"ls49 wsaa\">maki<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>on rel<span class=\"_ _2\"></span>ev<span class=\"_ _2\"></span>ant<span class=\"_ _2\"></span> acti<span class=\"_ _2\"></span>viti<span class=\"_ _2\"></span>es.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span> Co<span class=\"_ _2\"></span>nsoli<span class=\"_ _2\"></span>date<span class=\"_ _2\"></span>d Fi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> Stat<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nts i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>ude t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> </span></span>Group<span class=\"_ _2\"></span>\u2019s <span class=\"_ _2\"></span>shar<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> tot<span class=\"_ _2\"></span>al c<span class=\"_ _2\"></span>ompr<span class=\"_ _2\"></span>ehe<span class=\"_ _2\"></span>nsi<span class=\"_ _2\"></span>ve inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>joi<span class=\"_ _2\"></span>nt ve<span class=\"_ _2\"></span>ntu<span class=\"_ _2\"></span>res <span class=\"_ _2\"></span>bas<span class=\"_ _2\"></span>ed on<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e equi<span class=\"_ _2\"></span>ty m<span class=\"_ _2\"></span>eth<span class=\"_ _2\"></span>od of<span class=\"_ _2\"></span> accounting, from the d<span class=\"_ _2\"></span>ate that joint control b<span class=\"_ _2\"></span>egins until the<span class=\"_ _2\"></span> d<span class=\"ls49 wsaa\">ate<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>at j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> cont<span class=\"_ _2\"></span>rol<span class=\"_ _2\"></span> cea<span class=\"_ _2\"></span>ses.<span class=\"_ _2\"></span> Whe<span class=\"_ _2\"></span>re </span>nece<span class=\"_ _2\"></span>ssar<span class=\"_ _2\"></span>y, ad<span class=\"_ _2\"></span>jus<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nts <span class=\"_ _2\"></span>are<span class=\"_ _2\"></span> mad<span class=\"_ _2\"></span>e to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al S<span class=\"_ _2\"></span>tat<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> vent<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>s to b<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>he accounting policies used into line with those<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">used by t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up.</span> </span>Mater<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> inve<span class=\"_ _2\"></span>stm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>ose t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Gr<span class=\"_ _2\"></span>oup c<span class=\"_ _2\"></span>onsi<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span><span class=\"ls1 ws0\">s <span class=\"_ _1\"></span><span class=\"ls61 wsac\">to be str<span class=\"_ _2\"></span>ategic to <span class=\"ls54 ws83\">its<span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">operat<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>ns</span> <span class=\"ls49 ws7c\">and w<span class=\"_ _2\"></span>hose </span></span></span></span></span>inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nt bal<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>nce<span class=\"ls1 ws0\">s </span><span class=\"ws78\">are<span class=\"ls1 ws0\"> </span>materi<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span><span class=\"ls61 ws89\">.<span class=\"_ _195\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsInJointVentures",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-583": {
   "value": "<div class=\"t m0 ha5 ff14f fs40 fcb sc0 ls1 ws0 gs3b0\">18<span class=\"ls79 wsa2\">. </span>Investments in Equity and Debt Instruments </div><div class=\"t m0 ha6 ff14b fs3c fcb sc0 ls5a wsb4 gs3b1\">Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff14e fs39 fc2 sc0 ls49 wsaa gs3b2\">Inves<span class=\"_ _2\"></span>tment<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>n eq<span class=\"_ _2\"></span>uit<span class=\"_ _2\"></span>y in<span class=\"_ _2\"></span>stru<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s <span class=\"ws78\">t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls48 ws7d\">a<span class=\"_ _2\"></span>re designated a<span class=\"_ _2\"></span>s fair value throug<span class=\"_ _2\"></span>h other compreh<span class=\"_ _2\"></span>ensive </span></span></span></div><div class=\"t m0 hac ff14e fs39 fc2 sc0 ls49 wsaa gs3b3\">incom<span class=\"_ _2\"></span>e (<span class=\"_ _2\"></span>FVTOC<span class=\"_ _2\"></span>I) <span class=\"_ _2\"></span>are<span class=\"_ _2\"></span> carr<span class=\"_ _2\"></span>ied<span class=\"_ _2\"></span> at t<span class=\"_ _2\"></span>heir<span class=\"_ _2\"></span> fair<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>reme<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>ed e<span class=\"_ _2\"></span>ach p<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>od.<span class=\"_ _2\"></span> Mov<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nts i<span class=\"_ _2\"></span>n th<span class=\"_ _2\"></span>e </div><div class=\"t m0 hac ff14e fs39 fc2 sc0 ls49 wsaa gs3b4\">carryi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> amo<span class=\"_ _2\"></span>unt<span class=\"_ _2\"></span> are t<span class=\"_ _2\"></span>ake<span class=\"_ _2\"></span>n thr<span class=\"_ _2\"></span>oug<span class=\"_ _2\"></span>h o<span class=\"_ _2\"></span>ther<span class=\"_ _2\"></span> com<span class=\"_ _2\"></span>pre<span class=\"_ _2\"></span>hensi<span class=\"_ _2\"></span>ve<span class=\"_ _2\"></span> inco<span class=\"_ _2\"></span>me. <span class=\"_ _2\"></span>Upo<span class=\"_ _2\"></span>n di<span class=\"_ _2\"></span>spos<span class=\"_ _2\"></span>al of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span>se<span class=\"_ _2\"></span> equi<span class=\"_ _2\"></span>ty </div><div class=\"t m0 hac ff14e fs39 fc2 sc0 ls49 ws7c gs3b5\">inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span>, a<span class=\"ls59 ws95\">ny<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls60 wsd1\">balan<span class=\"_ _1\"></span>ce with<span class=\"_ _1\"></span>in other<span class=\"_ _1\"></span> compr<span class=\"_ _1\"></span>ehens<span class=\"_ _1\"></span>ive inco<span class=\"_ _1\"></span>me for th<span class=\"_ _1\"></span>ese equ<span class=\"_ _1\"></span>ity inv<span class=\"_ _1\"></span>estme<span class=\"_ _1\"></span>nts is </span></span></span></div><div class=\"t m0 hac ff14e fs39 fc2 sc0 ls2f ws2f gs3b6\">reclassified to ret<span class=\"_ _2\"></span>ained earni<span class=\"_ _2\"></span>ngs and is n<span class=\"_ _2\"></span>ot reclassifi<span class=\"_ _2\"></span>ed to profit <span class=\"_ _2\"></span>or loss. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h7e ff14b fs39 fc9 sc0 ls49 ws78 gs3b7\">Equity<span class=\"_ _2\"></span> <span class=\"ls4b ws53\">and deb<span class=\"_ _2\"></span>t </span>inves<span class=\"_ _2\"></span>tmen<span class=\"_ _2\"></span>ts<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff14d fs39 fc2 sc0 ls31 ws51 gs3b8\">At November 30, 20<span class=\"ls1 ws0\">25<span class=\"_ _1\"></span><span class=\"ls30 ws50\">, the<span class=\"_ _2\"></span> Gr<span class=\"_ _2\"></span>oup had<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>nvestm<span class=\"_ _2\"></span>ent<span class=\"ls1 ws0\">s <span class=\"ls49 ws73\">in Gola<span class=\"_ _2\"></span>r, GBL<span class=\"_ _2\"></span>,</span> <span class=\"ls2f ws70\">Odfjell SE</span> </span><span class=\"ws52\">and<span class=\"ls1 ws0\"> <span class=\"ls57 ws86\">K<span class=\"_ _1\"></span>ingf<span class=\"_ _1\"></span>ish <span class=\"ls30 ws52\">that have </span></span></span></span></span></span></div><div class=\"t m0 h98 ff14d fs39 fc2 sc0 ls2f ws4e gs3b9\">been<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">de<span class=\"_ _2\"></span>signated as<span class=\"ls1 ws0\"> <span class=\"ls30 ws4f\">FVTOC<span class=\"_ _2\"></span>I as <span class=\"ws50\">they<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> not<span class=\"_ _2\"></span> held<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span> tradi<span class=\"_ _2\"></span>ng by<span class=\"_ _2\"></span></span></span> <span class=\"ls30 ws50\">the G<span class=\"_ _2\"></span>roup.</span> <span class=\"ls30 ws4f\">The<span class=\"_ _2\"></span> Group als<span class=\"_ _2\"></span>o held </span></span></span></span></div><div class=\"t m0 h98 ff14d fs39 fc2 sc0 ls2f ws70 gs3ba\">$19.5 million <span class=\"_ _2\"></span>of unlisted eq<span class=\"_ _2\"></span>uity in<span class=\"_ _2\"></span>vestments and<span class=\"_ _2\"></span> $14.7 million<span class=\"_ _2\"></span> of unlisted c<span class=\"_ _2\"></span>onvertible deb<span class=\"_ _2\"></span>t </div><div class=\"t m0 h98 ff14d fs39 fc2 sc0 ls30 ws52 gs3bb\">instr<span class=\"_ _2\"></span>ument<span class=\"_ _2\"></span>s, <span class=\"ws50\">these a<span class=\"_ _2\"></span>re m<span class=\"_ _2\"></span>easur<span class=\"_ _2\"></span>ed<span class=\"_ _2\"></span> at f<span class=\"_ _2\"></span>air v<span class=\"_ _2\"></span>alue i<span class=\"_ _2\"></span>n li<span class=\"_ _2\"></span>ne wi<span class=\"_ _2\"></span>th I<span class=\"_ _2\"></span>FRS 9<span class=\"_ _2\"></span>, w<span class=\"_ _2\"></span>hich<span class=\"_ _2\"></span>, in th<span class=\"_ _2\"></span>e ab<span class=\"_ _2\"></span>sence<span class=\"_ _2\"></span> of e<span class=\"_ _2\"></span>quiv<span class=\"_ _2\"></span>alent<span class=\"_ _2\"></span> </span></div><div class=\"t m0 h98 ff14d fs39 fc2 sc0 ls30 ws4f gs3bc\">assets<span class=\"_ _2\"></span> where m<span class=\"_ _2\"></span>arke<span class=\"_ _2\"></span>t values<span class=\"_ _2\"></span> are asc<span class=\"_ _2\"></span>erta<span class=\"_ _2\"></span>inabl<span class=\"_ _2\"></span>e, is ass<span class=\"_ _2\"></span>umed<span class=\"_ _2\"></span> to be equal<span class=\"_ _2\"></span> to amo<span class=\"_ _2\"></span>rtise<span class=\"_ _2\"></span>d cost.<span class=\"_ _2\"></span> Given t<span class=\"_ _2\"></span>he </div><div class=\"t m0 h98 ff14d fs39 fc2 sc0 ls30 ws50 gs3bd\">value <span class=\"_ _2\"></span>of e<span class=\"_ _2\"></span>quity<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> debt<span class=\"_ _2\"></span> inves<span class=\"_ _2\"></span>tm<span class=\"_ _2\"></span>ents a<span class=\"_ _2\"></span>nd th<span class=\"_ _2\"></span>e ti<span class=\"_ _2\"></span>ming<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he ad<span class=\"_ _2\"></span>ditio<span class=\"_ _2\"></span>ns<span class=\"_ _2\"></span><span class=\"ws4f\">, a signif<span class=\"_ _2\"></span>ica<span class=\"_ _2\"></span>nt prop<span class=\"_ _2\"></span>ortio<span class=\"_ _2\"></span>n of </span></div><div class=\"t m0 h98 ff14d fs39 fc2 sc0 ls30 ws50 gs3be\">which<span class=\"_ _2\"></span> occu<span class=\"_ _2\"></span>rred d<span class=\"_ _2\"></span>uring<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>is fi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>ial ye<span class=\"_ _2\"></span>ar, t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup<span class=\"_ _2\"></span> consi<span class=\"_ _2\"></span>ders<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>at th<span class=\"_ _2\"></span>ere w<span class=\"_ _2\"></span>ill b<span class=\"_ _2\"></span>e no<span class=\"_ _2\"></span> mate<span class=\"_ _2\"></span>rial </div><div class=\"t m0 h98 ff14d fs39 fc2 sc0 ls2f ws4e gs3bf\">differe<span class=\"ls30 ws50\">nce b<span class=\"_ _2\"></span>etwe<span class=\"_ _2\"></span>en am<span class=\"_ _2\"></span>ortis<span class=\"_ _2\"></span>ed c<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span> and f<span class=\"_ _2\"></span>air <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span></span><span class=\"ws70\">. Addi<span class=\"_ _2\"></span>tions to unlis<span class=\"_ _2\"></span>ted equity <span class=\"_ _2\"></span>and debt inves<span class=\"_ _2\"></span>tments </span></div><div class=\"t m0 h98 ff14d fs39 fc2 sc0 ls2f ws70 gs3c0\">during the yea<span class=\"_ _2\"></span>r totalled $12.9<span class=\"_ _2\"></span> million<span class=\"_ _2\"></span> and $12.0<span class=\"_ _2\"></span> million, respec<span class=\"_ _2\"></span>tively.<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff14d fs39 fc2 sc0 ls30 ws50 gs3c1\">During<span class=\"_ _2\"></span> the y<span class=\"_ _2\"></span>ear<span class=\"_ _2\"></span> ende<span class=\"_ _2\"></span>d No<span class=\"_ _2\"></span>vembe<span class=\"_ _2\"></span>r 30<span class=\"_ _2\"></span>, 202<span class=\"_ _2\"></span>5<span class=\"ws4f\">, the<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span> acqui<span class=\"_ _2\"></span>red a f<span class=\"_ _2\"></span>urthe<span class=\"_ _2\"></span>r <span class=\"ls31 ws53\">8,314,573 <span class=\"_ _1\"></span><span class=\"ls47 ws82\">shares o<span class=\"_ _1\"></span>f </span></span></span></div><div class=\"t m0 h98 ff14d fs39 fc2 sc0 ls2f ws4e gs3c2\">Kingfish<span class=\"ls1 ws0\"> </span><span class=\"ws70\">for $3<span class=\"ls4c ws79\">.7<span class=\"ls1 ws0\"> </span></span></span>million.<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff14d fs39 fc2 sc0 ls30 ws50 gs3c3\">During<span class=\"_ _2\"></span> the y<span class=\"_ _2\"></span>ear<span class=\"_ _2\"></span> ende<span class=\"_ _2\"></span>d No<span class=\"_ _2\"></span>vembe<span class=\"_ _2\"></span>r 30<span class=\"_ _2\"></span>, 202<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\">, <span class=\"ls31 ws51\">th<span class=\"_ _1\"></span>e G<span class=\"_ _2\"></span>roup disposed of 1,750,000 shares of GBL for $2.1 </span></span></div><div class=\"t m0 h98 ff14d fs39 fc2 sc0 ls2f ws70 gs3c4\">million, resul<span class=\"_ _2\"></span>ting in a g<span class=\"_ _2\"></span>ain of $0.5<span class=\"_ _2\"></span> million<span class=\"_ _2\"></span><span class=\"ls1 ws0\">,<span class=\"_ _1\"></span> <span class=\"ls30 ws50\">which<span class=\"_ _2\"></span> has<span class=\"_ _2\"></span> been<span class=\"_ _2\"></span> trans<span class=\"_ _2\"></span>ferr<span class=\"_ _2\"></span>ed to<span class=\"_ _2\"></span> ret<span class=\"_ _2\"></span>ained<span class=\"_ _2\"></span> ear<span class=\"_ _2\"></span>nings<span class=\"_ _2\"></span></span>. </span></div><div class=\"t m0 h98 ff14d fs39 fc2 sc0 ls30 ws50 gs3c5\">During<span class=\"_ _2\"></span> the <span class=\"ws52\">y<span class=\"_ _2\"></span>ear<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls61 ws89\">e<span class=\"_ _2\"></span>nded <span class=\"ls31 ws51\">N<span class=\"_ _1\"></span>ovembe<span class=\"_ _2\"></span>r 30<span class=\"ff14c\">, 2025, the Group subscribed for $12.0 million in Golar\u2019s $500.0 </span></span></span></span></span></div><div class=\"t m0 h98 ff14d fs39 fc2 sc0 ls2f ws70 gs3c6\">million 2.75<span class=\"_ _2\"></span>% Convertible <span class=\"_ _2\"></span>Senior Notes d<span class=\"_ _2\"></span>ue 2030 (t<span class=\"_ _2\"></span>he Golar No<span class=\"_ _2\"></span>tes). The Gola<span class=\"_ _2\"></span>r Notes are<span class=\"_ _2\"></span> convertible </div><div class=\"t m0 h98 ff14d fs39 fc2 sc0 ls31 ws51 gs3c7\">to 17.3834 common shares per $1,000 principal amount of the Golar Notes and redeemable by </div><div class=\"t m0 h98 ff14d fs39 fc2 sc0 ls4b ws77 gs3c8\">Go<span class=\"ls30 ws50\">lar<span class=\"_ _2\"></span> at <span class=\"_ _2\"></span>their<span class=\"_ _2\"></span> opti<span class=\"_ _2\"></span>on af<span class=\"_ _2\"></span>ter <span class=\"_ _2\"></span>Decem<span class=\"_ _2\"></span>ber 2<span class=\"_ _2\"></span>0, 20<span class=\"_ _2\"></span>28 <span class=\"_ _2\"></span>under<span class=\"_ _2\"></span> cer<span class=\"_ _2\"></span>tain c<span class=\"_ _2\"></span>ondi<span class=\"_ _2\"></span>tions<span class=\"_ _2\"></span><span class=\"ls1 ws0\">. </span></span></div><div class=\"t m0 h98 ff14d fs39 fc2 sc0 ls30 ws50 gs3c9\">During<span class=\"_ _2\"></span> the y<span class=\"_ _2\"></span>ear<span class=\"_ _2\"></span> ende<span class=\"_ _2\"></span>d No<span class=\"_ _2\"></span>vembe<span class=\"_ _2\"></span>r 30<span class=\"_ _2\"></span>, 202<span class=\"_ _2\"></span>4, <span class=\"_ _2\"></span>the G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> acqu<span class=\"_ _2\"></span>ired<span class=\"_ _2\"></span> a <span class=\"_ _2\"></span>furthe<span class=\"_ _2\"></span>r 3,2<span class=\"_ _2\"></span>25,000<span class=\"_ _2\"></span> sh<span class=\"_ _2\"></span>ares<span class=\"_ _2\"></span> of Od<span class=\"_ _2\"></span>fjel<span class=\"_ _2\"></span>l </div><div class=\"t m0 h98 ff14d fs39 fc2 sc0 ls31 ws51 gs3ca\">SE for $35.6 million.<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff14d fs39 fc2 sc0 ls30 ws50 gs3cb\">During<span class=\"_ _2\"></span> the y<span class=\"_ _2\"></span>ear<span class=\"_ _2\"></span> ende<span class=\"_ _2\"></span>d No<span class=\"_ _2\"></span>vembe<span class=\"_ _2\"></span>r 30<span class=\"_ _2\"></span>, 202<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\">, </span><span class=\"ff14c\">GBL allo<span class=\"_ _2\"></span>tted 3<span class=\"_ _2\"></span>,880<span class=\"_ _2\"></span>,00<span class=\"_ _2\"></span>0 share<span class=\"_ _2\"></span>s, d<span class=\"_ _2\"></span>iluti<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span>\u2019s </span></div><div class=\"t m0 h98 ff14d fs39 fc2 sc0 ls30 ws50 gs3cc\">shareh<span class=\"_ _2\"></span>oldi<span class=\"_ _2\"></span>ng to<span class=\"_ _2\"></span> 8.5%<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff14d fs39 fc2 sc0 ls2f ws70 gs3cd\">The Group rec<span class=\"_ _2\"></span>eived dividends of<span class=\"_ _2\"></span> $10<span class=\"_ _2\"></span>.5 million from<span class=\"_ _2\"></span> <span class=\"ws75\">Odfjell SE<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">and<span class=\"_ _2\"></span> $3.3 m<span class=\"_ _2\"></span>illi<span class=\"_ _2\"></span>on f<span class=\"_ _2\"></span>rom <span class=\"_ _2\"></span>Golar d<span class=\"_ _2\"></span>uri<span class=\"_ _2\"></span>ng th<span class=\"_ _2\"></span>e </span></span></span></div><div class=\"t m0 h98 ff14d fs39 fc2 sc0 ls31 ws51 gs3ce\">year (2024: $13.4 million from <span class=\"ls2f ws70\">Odfjell SE<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">and<span class=\"_ _2\"></span> $2.7 milli<span class=\"_ _2\"></span>on from G<span class=\"_ _2\"></span>olar).<span class=\"ls1 ws0\"> </span></span></span></span></div><div class=\"t m0 h98 ff154 fs39 fc2 sc0 ls30 ws50 gs3d0\">Investm<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span> in e<span class=\"_ _2\"></span>quity<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>nstrume<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span> incre<span class=\"_ _2\"></span>ased<span class=\"_ _2\"></span> from<span class=\"_ _2\"></span> Nov<span class=\"_ _2\"></span>ember 3<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span> 20<span class=\"_ _2\"></span>25 owi<span class=\"_ _2\"></span>ng to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> purc<span class=\"_ _2\"></span>hase <span class=\"_ _2\"></span>of a<span class=\"_ _2\"></span>dditi<span class=\"_ _2\"></span>onal<span class=\"_ _2\"></span> Kingfi<span class=\"_ _2\"></span>sh s<span class=\"_ _2\"></span>hare<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span><span class=\"ls2f ws70\">e change<span class=\"_ _2\"></span> in fair ma<span class=\"_ _2\"></span>rket value <span class=\"_ _2\"></span>of the Odfjell <span class=\"_ _2\"></span>SE inves<span class=\"_ _2\"></span>tment<span class=\"ls1 ws0\">  </span></span></div><div class=\"t m0 h98 ff154 fs39 fc2 sc0 ls31 ws51 gs3d1\">in 2025. A<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">summary<span class=\"_ _2\"></span> of c<span class=\"_ _2\"></span>hanges<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n val<span class=\"_ _2\"></span>ue of <span class=\"_ _2\"></span>inve<span class=\"_ _2\"></span>stme<span class=\"_ _2\"></span>nts i<span class=\"_ _2\"></span>n</span> <span class=\"ls2f ws4e\">listed</span> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">e<span class=\"_ _2\"></span>quity<span class=\"_ _2\"></span> inst<span class=\"_ _2\"></span>rume<span class=\"_ _2\"></span>nts f<span class=\"_ _2\"></span>or t<span class=\"_ _2\"></span>he ye<span class=\"_ _2\"></span>ar e<span class=\"_ _2\"></span>nded<span class=\"_ _2\"></span> Novem<span class=\"_ _2\"></span>ber 3<span class=\"_ _2\"></span>0, 20<span class=\"_ _2\"></span>25 <span class=\"_ _2\"></span>and<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">2024 i<span class=\"ls2f ws70\">s summa<span class=\"_ _2\"></span>rised below:<span class=\"_ _2\"></span></span></span> </span></span></span></div><div class=\"gs3d2\"><table class=\"s w173 h147\" id=\"_6a191bd8-ecc9-4f3d-a9e8-4aef2013bd82\"><tr><td class=\"c x24b y2dbf wbf hcf\"><div class=\"t m0 x0 h82 y232a ff154 fs3b fc2 sc0 ls1 ws32\">As of November 30,<span class=\"_ _195\"> </span></div></td><td class=\"c x361 y2dc1 w18c h148\"><div class=\"t m0 x245 h85 y2c8b ff153 fs3b fc2 sc0 ls1b ws2f\">202</div><div class=\"t m0 x360 h87 y2dc0 ff153 fs3b fc2 sc0 ls1 ws0\">5<span class=\"_ _195\"> </span></div></td><td></td><td class=\"c x363 y2dc4 w18d h149\"><div class=\"t m0 x245 h82 y2dc2 ff154 fs3b fc2 sc0 ls1b ws2f\">20</div><div class=\"t m0 x362 h88 y2dc3 ff154 fs3b fc2 sc0 ls1b ws2f\">24<span class=\"_ _195\"> </span></div></td><td class=\"c x365 y2dc1 w18e h148\"><div class=\"t m0 x245 h85 y2c8b ff153 fs3b fc2 sc0 ls1b ws2f\">202</div><div class=\"t m0 x364 h87 y2dc0 ff153 fs3b fc2 sc0 ls1 ws0\">5<span class=\"_ _195\"> </span></div></td><td></td><td class=\"c x367 y2dc4 w18f h149\"><div class=\"t m0 x245 h82 y2dc2 ff154 fs3b fc2 sc0 ls1b ws2f\">20</div><div class=\"t m0 x366 h88 y2dc3 ff154 fs3b fc2 sc0 ls1b ws2f\">24<span class=\"_ _195\"> </span></div></td></tr><tr><td class=\"c x246 y2dc5 w190 h102\"><div class=\"t m0 x245 h82 y29a6 ff154 fs3b fc2 sc0 ls1 ws0\">(</div><div class=\"t m0 x2a3 h82 y29a7 ff154 fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands<span class=\"ws32\">, except for per share amounts</span></span><span class=\"ls1 ws0\"><span class=\"ws32\">)<span class=\"_ _195\"> </span></span></span></div></td><td></td><td class=\"c x33e y2dbf wa4 h86\"><div class=\"t m0 x15 h87 y1c8e ff153 fs3b fc2 sc0 ls65 ws99\">Golar <span class=\"fs3a ls1 ws0\"> </span></div></td><td></td><td></td><td class=\"c x2a1 y2dbf w7e h86\"><div class=\"t m0 x99 h87 y1c8e ff153 fs3b fc2 sc0 ls1 ws0\">GBL<span class=\"fs3a\"> </span></div></td><td></td></tr><tr><td class=\"c x24b y2dc6 wbf h86\"><div class=\"t m0 x0 h88 y1bf4 ff154 fs3a fc2 sc0 ls22 ws37\">Number of<span class=\"_ _1\"></span> equity shares<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2dc6 w55 h86\"><div class=\"t m0 x185 h87 y1bf4 ff153 fs3a fc2 sc0 ls21 ws35\">2,67<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x341 y2dc6 w48 h86\"><div class=\"t m0 x184 h88 y1bf4 ff154 fs3a fc2 sc0 ls20 ws36\">2,673<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2dc6 w20 h86\"><div class=\"t m0 x185 h87 y1bf4 ff153 fs3a fc2 sc0 ls21 ws35\">4,36<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x2fa y2dc6 w2a h86\"><div class=\"t m0 x184 h88 y1bf4 ff154 fs3a fc2 sc0 ls20 ws36\">6,111<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2dc7 wbf h8c\"><div class=\"t m0 x0 h88 y1c3f ff154 fs3a fc2 sc0 ls24 ws3a\">Percentage of shareholding<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls22 ws37\">as of November 30</span></span><span class=\"ls1 ws0\"><span class=\"ls22 ws37\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x33e y2dc7 w55 h8c\"><div class=\"t m0 x47 h87 y1c3f ff153 fs3a fc2 sc0 ls21 ws35\">2.5%<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x341 y2dc7 w48 h8c\"><div class=\"t m0 x188 h88 y1c3f ff154 fs3a fc2 sc0 ls20 ws36\">2.5%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2dc7 w20 h8c\"><div class=\"t m0 x47 h87 y1c3f ff153 fs3a fc2 sc0 ls21 ws35\">6.1%<span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x2fa y2dc7 w2a h8c\"><div class=\"t m0 x188 h88 y1c3f ff154 fs3a fc2 sc0 ls20 ws36\">8.5%<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2dc8 wbf h89\"><div class=\"t m0 x0 h88 y1bf4 ff154 fs3a fc2 sc0 ls22 ws37\">Share price a<span class=\"_ _1\"></span>s of November 30<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2dc8 w55 h89\"><div class=\"t m0 x185 h87 y1bf4 ff153 fs3a fc2 sc0 ls21 ws35\">36.95<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x341 y2dc8 w48 h89\"><div class=\"t m0 x184 h88 y1bf4 ff154 fs3a fc2 sc0 ls20 ws36\">39.37<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2dc8 w20 h89\"><div class=\"t m0 x188 h87 y1bf4 ff153 fs3a fc2 sc0 ls21 ws35\">0.95<span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x2fa y2dc8 w2a h89\"><div class=\"t m0 x177 h88 y1bf4 ff154 fs3a fc2 sc0 ls20 ws36\">1.63<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2dc9 wbf h86\"><div class=\"t m0 x0 h88 y1bfa ff154 fs3a fc2 sc0 ls26 ws3d\">Divid<span class=\"_ _1\"></span>ends received<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2dc9 w55 h86\"><div class=\"t m0 x185 h87 y1bfa ff153 fs3a fc2 sc0 ls21 ws35\">3,31<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x341 y2dc9 w48 h86\"><div class=\"t m0 x184 h88 y1bfa ff154 fs3a fc2 sc0 ls20 ws36\">2,712<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2dc9 w20 h86\"><div class=\"t m0 xb6 h87 y1bfa ff155 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff153\"> </span></div></td><td></td><td class=\"c x2fa y2dc9 w2a h86\"><div class=\"t m0 x2d h88 y1bfa ff156 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff154\"> </span></div></td></tr><tr><td class=\"c x24b y2dca wbf h94\"><div class=\"t m0 x0 h88 y1bff ff154 fs3a fc2 sc0 ls25 ws3c\">(Loss) g<span class=\"ls29 ws44\">ain<span class=\"ls1 ws0\"> <span class=\"ls2a ws5a\">on FVT<span class=\"_ _2\"></span>OCI</span> </span></span></div></td><td class=\"c x33e y2dca w7f h94\"><div class=\"t m0 x183 h87 y1bff ff153 fs3a fc2 sc0 ls21 ws35\">(6,46<span class=\"_ _2\"></span>8)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x341 y2dca w48 h94\"><div class=\"t m0 x183 h88 y1bff ff154 fs3a fc2 sc0 ls20 ws36\">47,521<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2dca w24 h94\"><div class=\"t m0 x183 h87 y1bff ff153 fs3a fc2 sc0 ls21 ws35\">(3,87<span class=\"_ _2\"></span>5)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x2fa y2dca w2c h94\"><div class=\"t m0 x186 h88 y1bff ff154 fs3a fc2 sc0 ls20 ws36\">(2,441)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2dcb wbf h86\"><div class=\"t m0 x0 h88 y1bfa ff154 fs3a fc2 sc0 ls29 ws44\">Cumulative <span class=\"ls1 ws0\">(</span>loss<span class=\"ls1f wsd2\">) gain<span class=\"ls1 ws0\"> <span class=\"ls2a ws5a\">on FVTOC<span class=\"_ _2\"></span>I</span> </span></span></div></td><td class=\"c x33e y2dcb w7f h86\"><div class=\"t m0 x183 h87 y1bfa ff153 fs3a fc2 sc0 ls21 ws35\">(7,62<span class=\"_ _2\"></span>7)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x341 y2dcb w25 h86\"><div class=\"t m0 x186 h88 y1bfa ff154 fs3a fc2 sc0 ls20 ws36\">(1,159)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2dcb w20 h86\"><div class=\"t m0 x1a0 h87 y1bfa ff153 fs3a fc2 sc0 ls21 ws35\">392<span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x2fa y2dcb w2a h86\"><div class=\"t m0 x184 h88 y1bfa ff154 fs3a fc2 sc0 ls20 ws36\">4,795<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2dcc wbf h86\"><div class=\"t m0 x0 h87 y1c50 ff153 fs3a fc2 sc0 ls1f ws33\">Value of<span class=\"_ _2\"></span> investmen<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33e y2dcc w55 h86\"><div class=\"t m0 x179 h87 y1c50 ff153 fs3a fc2 sc0 ls23 ws39\">98,756<span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x341 y2dcc w48 h86\"><div class=\"t m0 x181 h88 y1c50 ff154 fs3a fc2 sc0 ls20 ws36\">105,224<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2dcc w20 h86\"><div class=\"t m0 x185 h87 y1c50 ff153 fs3a fc2 sc0 ls21 ws35\">4,14<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x2fa y2dcc w2a h86\"><div class=\"t m0 x184 h88 y1c50 ff154 fs3a fc2 sc0 ls20 ws36\">9,980<span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"gs3d3\"><table class=\"s w14e h14a\" id=\"_c1c40764-c1f0-49a4-89c7-ed90f8ef4f65\"><tr><td class=\"c x24b y2dcd w99 hcf\"><div class=\"t m0 x0 h82 y232f ff154 fs3b fc2 sc0 ls1 ws32\">As of November 30,<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x309 h85 y2dce ff153 fs3b fc2 sc0 ls1b ws2f\">202<span class=\"ls1 ws0\">5<span class=\"_ _195\"> </span></span></td><td class=\"c x369 y2dcf w191 h14b\"><div class=\"t m0 x245 h82 y2dc2 ff154 fs3b fc2 sc0 ls1b ws2f\">20</div><div class=\"t m0 x368 h88 y2dc3 ff154 fs3b fc2 sc0 ls1b ws2f\">24<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x36a h85 y2dce ff153 fs3b fc2 sc0 ls1b ws2f\">202<span class=\"ls1 ws0\">5<span class=\"_ _195\"> </span></span></td><td class=\"c x363 y2dcf w192 h14b\"><div class=\"t m0 x245 h82 y2dc2 ff154 fs3b fc2 sc0 ls1b ws2f\">20</div><div class=\"t m0 x36b h88 y2dc3 ff154 fs3b fc2 sc0 ls1b ws2f\">24<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x343 h85 y2dce ff153 fs3b fc2 sc0 ls1b ws2f\">202<span class=\"ls1 ws0\">5<span class=\"_ _195\"> </span></span></td><td></td><td class=\"t m0 x27a h82 y2dce ff154 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x246 y2dd0 w190 h115\"><div class=\"t m0 x245 h82 y29a6 ff154 fs3b fc2 sc0 ls1 ws0\">(</div><div class=\"t m0 x2a3 h82 y29a6 ff154 fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands<span class=\"ws32\">, except for per share amounts</span></span><span class=\"ls1 ws0\"><span class=\"ws32\">)<span class=\"_ _195\"> </span></span></span></div></td><td class=\"c x33d y2dcd wa4 h86\"><div class=\"t m0 xb6 h87 y1e7e ff153 fs3b fc2 sc0 ls1 ws0\">Kingfish<span class=\"fs3a\"> </span></div></td><td></td><td class=\"c x36c y2dcd w7e h86\"><div class=\"t m0 xaf h87 y1e7e ff153 fs3b fc2 sc0 ls1 ws9a\">Odfjell SE<span class=\"fs3a ws0\"> </span></div></td><td></td><td></td><td class=\"c x2a1 y2dcd wc1 h86\"><div class=\"t m0 x15 h87 y1e7e ff153 fs3b fc2 sc0 ls1 ws0\">Total<span class=\"fs3a\"> </span></div></td><td></td></tr><tr><td class=\"c x24b y2dd1 w99 h86\"><div class=\"t m0 x0 h88 y1bef ff154 fs3a fc2 sc0 ls22 ws37\">Number of<span class=\"_ _1\"></span> equity shares<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2dd1 w55 h86\"><div class=\"t m0 x179 h87 y1bef ff153 fs3a fc2 sc0 ls23 ws39\">17,552<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x36d y2dd1 w48 h86\"><div class=\"t m0 x184 h88 y1bef ff154 fs3a fc2 sc0 ls20 ws36\">9,238<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x36c y2dd1 w34 h86\"><div class=\"t m0 x185 h87 y1bef ff153 fs3a fc2 sc0 ls21 ws35\">8,23<span class=\"_ _2\"></span>9<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x36e y2dd1 w20 h86\"><div class=\"t m0 x184 h88 y1bef ff154 fs3a fc2 sc0 ls20 ws36\">8,239<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2dd2 w99 h8a\"><div class=\"t m0 x0 h88 y1bff ff154 fs3a fc2 sc0 ls24 ws3a\">Percentage of shareholding<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls22 ws37\">as of November 30</span></span><span class=\"ls1 ws0\"><span class=\"ls22 ws37\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x33d y2dd2 w55 h8a\"><div class=\"t m0 x182 h87 y1bff ff153 fs3a fc2 sc0 ls21 ws35\">12.3%<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x36d y2dd2 w48 h8a\"><div class=\"t m0 x188 h88 y1bff ff154 fs3a fc2 sc0 ls20 ws36\">8.3%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x36c y2dd2 w34 h8a\"><div class=\"t m0 x182 h87 y1bff ff153 fs3a fc2 sc0 ls21 ws35\">13.6%<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x36e y2dd2 w20 h8a\"><div class=\"t m0 x185 h88 y1bff ff154 fs3a fc2 sc0 ls20 ws36\">13.6%<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2dd3 w99 h86\"><div class=\"t m0 x0 h88 y1bfa ff154 fs3a fc2 sc0 ls22 ws37\">Share price a<span class=\"_ _1\"></span>s of November 30<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2dd3 w55 h86\"><div class=\"t m0 x188 h87 y1bfa ff153 fs3a fc2 sc0 ls21 ws35\">0.38<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x36d y2dd3 w48 h86\"><div class=\"t m0 x177 h88 y1bfa ff154 fs3a fc2 sc0 ls20 ws36\">0.61<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x36c y2dd3 w34 h86\"><div class=\"t m0 x185 h87 y1bfa ff153 fs3a fc2 sc0 ls21 ws35\">12.71<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x36e y2dd3 w20 h86\"><div class=\"t m0 x177 h88 y1bfa ff154 fs3a fc2 sc0 ls20 ws36\">9.93<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2dd4 w99 h86\"><div class=\"t m0 x0 h88 y1c50 ff154 fs3a fc2 sc0 ls26 ws3d\">Divid<span class=\"_ _1\"></span>ends received<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2dd4 w55 h86\"><div class=\"t m0 xb6 h87 y1c50 ff155 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff152\"> </span></div></td><td class=\"c x36d y2dd4 w48 h86\"><div class=\"t m0 x2d h88 y1c50 ff156 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff154\"> </span></div></td><td class=\"c x36c y2dd4 w34 h86\"><div class=\"t m0 x179 h87 y1c50 ff153 fs3a fc2 sc0 ls23 ws39\">10,521<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x36e y2dd4 w20 h86\"><div class=\"t m0 x183 h88 y1c50 ff154 fs3a fc2 sc0 ls20 ws36\">13,400<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2dd4 w8d h86\"><div class=\"t m0 x179 h87 y1c50 ff153 fs3a fc2 sc0 ls23 ws39\">13,837<span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x27d y2dd4 w55 h86\"><div class=\"t m0 x183 h88 y1c50 ff154 fs3a fc2 sc0 ls20 ws36\">16,112<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2dd5 w99 h8c\"><div class=\"t m0 x0 h88 y1cd0 ff154 fs3a fc2 sc0 ls25 ws3c\">(Loss) g<span class=\"ls2a ws5a\">ain<span class=\"_ _2\"></span> on FVT<span class=\"_ _2\"></span>OCI<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x33d y2dd5 w56 h8c\"><div class=\"t m0 x183 h87 y1cd0 ff153 fs3a fc2 sc0 ls21 ws35\">(2,73<span class=\"_ _2\"></span>2)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x36d y2dd5 w25 h8c\"><div class=\"t m0 x186 h88 y1cd0 ff154 fs3a fc2 sc0 ls20 ws36\">(1,545)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x36c y2dd5 w34 h8c\"><div class=\"t m0 x179 h87 y1cd0 ff153 fs3a fc2 sc0 ls23 ws39\">16,197<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x36e y2dd5 w24 h8c\"><div class=\"t m0 x186 h88 y1cd0 ff154 fs3a fc2 sc0 ls20 ws36\">(3,080)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2dd5 w8d h8c\"><div class=\"t m0 x185 h87 y1cd0 ff153 fs3a fc2 sc0 ls21 ws35\">3,12<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x27d y2dd5 w55 h8c\"><div class=\"t m0 x183 h88 y1cd0 ff154 fs3a fc2 sc0 ls20 ws36\">40,455<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2dd6 w99 h8b\"><div class=\"t m0 x0 h88 y1c50 ff154 fs3a fc2 sc0 ls29 ws44\">Cumulative <span class=\"ls1 ws0\">(</span>loss<span class=\"ls1f wsd2\">) gain <span class=\"ls2a ws5a\">on FVT<span class=\"_ _2\"></span>OCI<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x33d y2dd6 w56 h8b\"><div class=\"t m0 x183 h87 y1c50 ff153 fs3a fc2 sc0 ls21 ws35\">(4,50<span class=\"_ _2\"></span>6)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x36d y2dd6 w25 h8b\"><div class=\"t m0 x186 h88 y1c50 ff154 fs3a fc2 sc0 ls20 ws36\">(1,774)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x36c y2dd6 w34 h8b\"><div class=\"t m0 x179 h87 y1c50 ff153 fs3a fc2 sc0 ls23 ws39\">45,295<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x36e y2dd6 w20 h8b\"><div class=\"t m0 x183 h88 y1c50 ff154 fs3a fc2 sc0 ls20 ws36\">29,098<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2dd6 w8d h8b\"><div class=\"t m0 x179 h87 y1c50 ff153 fs3a fc2 sc0 ls23 ws39\">33,554<span class=\"_ _1\"></span><span class=\"ls1 ws0\">  </span></div></td><td></td><td class=\"c x27d y2dd6 w55 h8b\"><div class=\"t m0 x183 h88 y1c50 ff154 fs3a fc2 sc0 ls20 ws36\">30,960<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2dd7 w99 h86\"><div class=\"t m0 x0 h87 y1bde ff153 fs3a fc2 sc0 ls1f ws33\">Value of<span class=\"_ _2\"></span> investmen<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x33d y2dd7 w55 h86\"><div class=\"t m0 x185 h87 y1bde ff153 fs3a fc2 sc0 ls21 ws35\">6,61<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x36d y2dd7 w48 h86\"><div class=\"t m0 x184 h88 y1bde ff154 fs3a fc2 sc0 ls20 ws36\">5,617<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x36c y2dd7 w34 h86\"><div class=\"t m0 x180 h87 y1bde ff153 fs3a fc2 sc0 ls21 ws35\">104,<span class=\"_ _2\"></span>707<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x36e y2dd7 w20 h86\"><div class=\"t m0 x183 h88 y1bde ff154 fs3a fc2 sc0 ls20 ws36\">81,801<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2dd7 w8d h86\"><div class=\"t m0 x180 h87 y1bde ff153 fs3a fc2 sc0 ls21 ws35\">214,<span class=\"_ _2\"></span>227<span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x27d y2dd7 w55 h86\"><div class=\"t m0 x181 h88 y1bde ff154 fs3a fc2 sc0 ls20 ws36\">202,622<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-679": {
   "value": "Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span>Inves<span class=\"_ _2\"></span>tment<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>n eq<span class=\"_ _2\"></span>uit<span class=\"_ _2\"></span>y in<span class=\"_ _2\"></span>stru<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s <span class=\"ws78\">t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls48 ws7d\">a<span class=\"_ _2\"></span>re designated a<span class=\"_ _2\"></span>s fair value throug<span class=\"_ _2\"></span>h other compreh<span class=\"_ _2\"></span>ensive </span></span></span>incom<span class=\"_ _2\"></span>e (<span class=\"_ _2\"></span>FVTOC<span class=\"_ _2\"></span>I) <span class=\"_ _2\"></span>are<span class=\"_ _2\"></span> carr<span class=\"_ _2\"></span>ied<span class=\"_ _2\"></span> at t<span class=\"_ _2\"></span>heir<span class=\"_ _2\"></span> fair<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>reme<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>ed e<span class=\"_ _2\"></span>ach p<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>od.<span class=\"_ _2\"></span> Mov<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nts i<span class=\"_ _2\"></span>n th<span class=\"_ _2\"></span>e carryi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> amo<span class=\"_ _2\"></span>unt<span class=\"_ _2\"></span> are t<span class=\"_ _2\"></span>ake<span class=\"_ _2\"></span>n thr<span class=\"_ _2\"></span>oug<span class=\"_ _2\"></span>h o<span class=\"_ _2\"></span>ther<span class=\"_ _2\"></span> com<span class=\"_ _2\"></span>pre<span class=\"_ _2\"></span>hensi<span class=\"_ _2\"></span>ve<span class=\"_ _2\"></span> inco<span class=\"_ _2\"></span>me. <span class=\"_ _2\"></span>Upo<span class=\"_ _2\"></span>n di<span class=\"_ _2\"></span>spos<span class=\"_ _2\"></span>al of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span>se<span class=\"_ _2\"></span> equi<span class=\"_ _2\"></span>ty inves<span class=\"_ _2\"></span>tme<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span>, a<span class=\"ls59 ws95\">ny<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls60 wsd1\">balan<span class=\"_ _1\"></span>ce with<span class=\"_ _1\"></span>in other<span class=\"_ _1\"></span> compr<span class=\"_ _1\"></span>ehens<span class=\"_ _1\"></span>ive inco<span class=\"_ _1\"></span>me for th<span class=\"_ _1\"></span>ese equ<span class=\"_ _1\"></span>ity inv<span class=\"_ _1\"></span>estme<span class=\"_ _1\"></span>nts is </span></span></span>reclassified to ret<span class=\"_ _2\"></span>ained earni<span class=\"_ _2\"></span>ngs and is n<span class=\"_ _2\"></span>ot reclassifi<span class=\"_ _2\"></span>ed to profit <span class=\"_ _2\"></span>or loss. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-664": {
   "value": "20.<span class=\"ls1 ws0\"> Accounts Payable, Acc<span class=\"_ _1\"></span>rued Expenses and Deferred Revenue<span class=\"_ _2\"></span> </span>Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span>Acco<span class=\"_ _2\"></span>unts<span class=\"_ _2\"></span> pay<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> ini<span class=\"_ _2\"></span>tiall<span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>valu<span class=\"_ _2\"></span>ed a<span class=\"_ _2\"></span>t th<span class=\"_ _2\"></span>eir f<span class=\"_ _2\"></span>air <span class=\"_ _2\"></span>val<span class=\"_ _2\"></span>ue <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>subse<span class=\"_ _2\"></span>que<span class=\"_ _2\"></span>ntly<span class=\"_ _2\"></span> at a<span class=\"_ _2\"></span>mort<span class=\"_ _2\"></span>ised<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>st. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>A co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>t li<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>ity<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> the o<span class=\"_ _2\"></span>bli<span class=\"_ _2\"></span>gati<span class=\"_ _2\"></span>on t<span class=\"_ _2\"></span>o tr<span class=\"_ _2\"></span>ansf<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span> good<span class=\"_ _2\"></span>s or<span class=\"_ _2\"></span> ser<span class=\"_ _2\"></span>vic<span class=\"_ _2\"></span>es to<span class=\"_ _2\"></span> a c<span class=\"_ _2\"></span>ust<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span>r for<span class=\"_ _2\"></span> whi<span class=\"_ _2\"></span>ch t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> has recei<span class=\"_ _2\"></span>ved or i<span class=\"_ _2\"></span>s entitl<span class=\"_ _2\"></span>ed to c<span class=\"_ _2\"></span>onsiderati<span class=\"_ _2\"></span>on. When<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">consid<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ion i<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>paid b<span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>a cust<span class=\"_ _2\"></span>omer<span class=\"_ _2\"></span> be<span class=\"_ _2\"></span>for<span class=\"_ _2\"></span>e the<span class=\"_ _2\"></span> </span></span>Group transfers goods or services to s<span class=\"_ _2\"></span>atisfy the performance obligation, a contract liabilit<span class=\"_ _2\"></span>y is recognised. Contract liabilities are recognised as <span class=\"_ _2\"></span><span class=\"ls49 ws78\">oper<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng <span class=\"ls48 ws32\">revenue w<span class=\"_ _2\"></span>hen the<span class=\"_ _2\"></span> Group s<span class=\"_ _2\"></span>atisfies </span></span>the<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>ual <span class=\"_ _2\"></span>perf<span class=\"_ _2\"></span>orm<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> obli<span class=\"_ _2\"></span>gat<span class=\"_ _2\"></span>ions<span class=\"_ _2\"></span>.</span></span><span class=\"ls1 ws0\"><span class=\"ls49 wsaa\"><span class=\"_ _2\"></span></span> </span><table class=\"s w16a h14e\" id=\"_0343c1fc-c30f-480b-b065-f55133a9cebe\"><tr><td></td><td class=\"t m0 x379 h82 y2df2 ff15e fs3b fc2 sc0 ls1 ws0\"> <span class=\"_ _191\"> </span> <span class=\"_ _63\"> </span><span class=\"ls1d ws49\"></span><span class=\"ls1d ws49\">As of<span class=\"_ _2\"></span></span> November <span class=\"ls1b ws2f\">30</span> </td><td></td></tr><tr><td class=\"c x24b y2df3 wc2 h83\"><div class=\"t m0 x0 h82 y1c44 ff15e fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"c x2eb y2df3 w5f h83\"><div class=\"t m0 x185 h85 y1c8b ff15b fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f4 y2df3 w87 h83\"><div class=\"t m0 x185 h82 y1c8b ff15e fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2df4 wc2 h89\"><div class=\"t m0 x0 h88 y1bf4 ff15e fs3a fc2 sc0 ls2e ws4c\">Trade payables<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2eb y2df4 w5f h89\"><div class=\"t m0 x17a h87 y1bf4 ff15b fs3a fc2 sc0 ls21 ws35\">111,<span class=\"_ _2\"></span>806<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f4 y2df4 w87 h89\"><div class=\"t m0 x210 h88 y1bf4 ff15e fs3a fc2 sc0 ls20 ws36\">87,206<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2df5 wc2 h86\"><div class=\"t m0 x0 h88 y1bef ff15e fs3a fc2 sc0 ls29 ws42\">Withholding an<span class=\"_ _2\"></span>d value<span class=\"ls1 ws0\">-<span class=\"ls28\">added<span class=\"_ _2\"></span> tax</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2eb y2df5 w5f h86\"><div class=\"t m0 x187 h87 y1bef ff15b fs3a fc2 sc0 ls21 ws35\">7,8<span class=\"ls66 ws9d\">46</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2f4 y2df5 w87 h86\"><div class=\"t m0 x18f h88 y1bef ff15e fs3a fc2 sc0 ls20 ws36\">8,005<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2df6 wc2 h8c\"><div class=\"t m0 x0 h88 y1c4d ff15e fs3a fc2 sc0 ls24 ws3a\">Insurance premiums payable<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2eb y2df6 w5f h8c\"><div class=\"t m0 x187 h87 y1c4d ff15b fs3a fc2 sc0 ls21 ws35\">5,02<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f4 y2df6 w87 h8c\"><div class=\"t m0 x18f h88 y1c4d ff15e fs3a fc2 sc0 ls20 ws36\">1,028<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2df7 wc2 h86\"><div class=\"t m0 x0 h88 y1bfa ff15e fs3a fc2 sc0 ls2a ws45\">Othe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2eb y2df7 w5f h86\"><div class=\"t m0 x185 h87 y1bfa ff15b fs3a fc2 sc0 ls1 ws0\">2<span class=\"_ _1\"></span>54 </div></td><td class=\"c x2f4 y2df7 w87 h86\"><div class=\"t m0 x177 h88 y1bfa ff15e fs3a fc2 sc0 ls20 ws36\">86<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2eb y2df8 w5f h86\"><div class=\"t m0 x17a h87 y1c50 ff15b fs3a fc2 sc0 ls21 ws35\">124,<span class=\"_ _2\"></span>926<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2f4 y2df8 w87 h86\"><div class=\"t m0 x210 h88 y1c50 ff15e fs3a fc2 sc0 ls20 ws36\">96,325<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>Accrued vo<span class=\"_ _2\"></span>yage e<span class=\"_ _2\"></span>xpenses a<span class=\"_ _2\"></span>nd unea<span class=\"_ _2\"></span>rned reven<span class=\"_ _2\"></span>ue<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>At November 30, 2025 and 2024,<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">the ac<span class=\"_ _2\"></span>crued <span class=\"_ _2\"></span>voy<span class=\"_ _2\"></span>age exp<span class=\"_ _2\"></span>ense<span class=\"_ _2\"></span> ac<span class=\"_ _2\"></span>count w<span class=\"_ _2\"></span>as<span class=\"_ _2\"></span> $</span></span><span class=\"ws53\">68.8<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">million and $</span></span>70.9 </span>million, respec<span class=\"_ _2\"></span>tively, of whic<span class=\"_ _2\"></span>h $<span class=\"ls31 ws53\">35.3<span class=\"ls1 ws0\"> </span></span>million and $<span class=\"ls31 ws53\">40.2<span class=\"ls1 ws0\"> </span></span>million rel<span class=\"_ _2\"></span>ated to cont<span class=\"_ _2\"></span>ract liabilities<span class=\"_ _2\"></span> for unear<span class=\"_ _2\"></span>ned rev<span class=\"_ _2\"></span>enues.<span class=\"_ _2\"></span> <span class=\"ls2f ws70\">Contract l<span class=\"_ _2\"></span>iabilities are<span class=\"_ _2\"></span> typically recog<span class=\"_ _2\"></span>nised <span class=\"ls47 ws71\">as<span class=\"ls1 ws0\"> </span></span></span><span class=\"ws52\">operating<span class=\"_ _2\"></span> <span class=\"ws50\">revenue<span class=\"_ _2\"></span> wit<span class=\"_ _2\"></span>hin 4<span class=\"_ _2\"></span>5 da<span class=\"_ _2\"></span>ys </span></span>of the<span class=\"_ _2\"></span> comp<span class=\"_ _2\"></span>leti<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> perf<span class=\"_ _2\"></span>orm<span class=\"_ _2\"></span>ance ob<span class=\"_ _2\"></span>lig<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span><span class=\"ls49 ws73\">, so<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">all<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">contract liabiliti<span class=\"_ _2\"></span>es are c<span class=\"_ _2\"></span>urrent liabilities<span class=\"_ _2\"></span></span>. </span></span></span></span>Contract li<span class=\"_ _2\"></span>abilities<span class=\"ls1 ws0\"> </span><table class=\"s w163 h14d\" id=\"_ba9358a3-d808-4f25-a3bc-1f2c5d54cae4\"><tr><td></td><td class=\"c x372 y2de3 wc4 ha3\"><div class=\"t m0 x2d h85 y2354 ff15b fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td class=\"c x373 y2de3 wc4 ha3\"><div class=\"t m0 xb6 h82 y2354 ff15e fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x246 y2de4 w170 h103\"><div class=\"t m0 x245 h82 y29a6 ff15e fs3b fc2 sc0 ls1 ws0\">(in</div><div class=\"t m0 x2f3 h82 y29a6 ff15e fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x374 y2de5 wc6 hb9\"><div class=\"t m0 x18f h85 y1fa2 ff15b fs3b fc2 sc0 ls39 ws0\">&lt;1 year<span class=\"_ _2\"></span><span class=\"ls1\"> </span></div></td><td class=\"c x375 y2de5 w5f hb9\"><div class=\"t m0 x18f h85 y1fa2 ff15b fs3b fc2 sc0 ls1 ws9a\">&gt;1 year<span class=\"ws0\"> </span></div></td><td class=\"c x373 y2de5 w5e hb9\"><div class=\"t m0 x18f h82 y1fa2 ff15e fs3b fc2 sc0 ls1 ws32\">&lt;1 year<span class=\"ws0\"> </span></div></td><td class=\"c x376 y2de5 w5c hb9\"><div class=\"t m0 x18f h82 y1fa2 ff15e fs3b fc2 sc0 ls1 ws32\">&gt;1 year<span class=\"ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2de6 wc3 ha4\"><div class=\"t m0 x0 h88 y1c18 ff15e fs3a fc2 sc0 ls26 ws3d\">Balance, Decem<span class=\"_ _1\"></span>ber 1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x374 y2de6 wc6 ha4\"><div class=\"t m0 x210 h87 y1c18 ff15b fs3a fc2 sc0 ls23 ws39\">40,243<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x375 y2de6 w5f ha4\"><div class=\"t m0 x19f h87 y1c18 ff160 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff15b\"> </span></div></td><td class=\"c x373 y2de6 w5e ha4\"><div class=\"t m0 x180 h88 y1c18 ff15e fs3a fc2 sc0 ls20 ws36\">47,050<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x376 y2de6 w5c ha4\"><div class=\"t m0 x1be h88 y1c18 ff15f fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff15e\"> </span></div></td></tr><tr><td class=\"c x246 y2de7 w193 hfa\"><div class=\"t m0 x245 h88 y2933 ff15e fs3a fc2 sc0 ls26 ws3d\">Revenue recognis<span class=\"_ _1\"></span>ed<span class=\"_ _195\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x246 y2de8 w194 hfa\"><div class=\"t m0 x245 h88 y2933 ff15e fs3a fc2 sc0 ls22 ws37\">(from<span class=\"_ _1\"></span> opening balance)</div></td><td class=\"c x374 y2de9 wc7 h8e\"><div class=\"t m0 xb6 h87 y2358 ff15b fs3a fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x17b h87 y1c79 ff15b fs3a fc2 sc0 ls21 ws35\">(40,2<span class=\"_ _2\"></span>43)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x375 y2de9 w5f h8e\"><div class=\"t m0 x19f h87 y1c79 ff160 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff15b\"> </span></div></td><td class=\"c x373 y2de9 w85 h8e\"><div class=\"t m0 xb6 h87 y2358 ff15b fs3a fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x197 h88 y1c79 ff15e fs3a fc2 sc0 ls20 ws36\">(47,050)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x376 y2de9 w5c h8e\"><div class=\"t m0 x1be h88 y1c79 ff15f fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff15e\"> </span></div></td></tr><tr><td class=\"c x246 y2dea w193 hfa\"><div class=\"t m0 x245 h88 y2933 ff15e fs3a fc2 sc0 ls26 ws3d\">Revenue recognis<span class=\"_ _1\"></span>ed<span class=\"_ _195\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x246 y2deb w195 hfa\"><div class=\"t m0 x245 h88 y2933 ff15e fs3a fc2 sc0 ls24 ws3a\">(current year)<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x377 h87 y2dec ff15b fs3a fc2 sc0 ls21 ws35\">(1,35<span class=\"_ _2\"></span>7,69<span class=\"_ _2\"></span>6)<span class=\"_ _195\"> </span></td><td class=\"c x375 y2ded w5f hdd\"><div class=\"t m0 x19f h87 y1be8 ff160 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff15b\"> </span></div></td><td class=\"c x373 y2ded w85 hdd\"><div class=\"t m0 xb6 h87 y2178 ff15b fs3a fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x175 h88 y1be8 ff15e fs3a fc2 sc0 ls20 ws36\">(1,481,94<span class=\"_ _2\"></span>0)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x376 y2ded w5c hdd\"><div class=\"t m0 x1be h88 y1be8 ff15f fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff15e\"> </span></div></td></tr><tr><td class=\"c x246 y2dee w196 hfa\"><div class=\"t m0 x245 h88 y2933 ff15e fs3a fc2 sc0 ls26 ws3d\">Cash received<span class=\"_ _1\"></span> in advance<span class=\"_ _195\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x246 y2d3f w197 hfa\"><div class=\"t m0 x245 h88 y2933 ff15e fs3a fc2 sc0 ls20 ws36\">of</div><div class=\"t m0 x291 h88 y2933 ff15e fs3a fc2 sc0 ls22 ws37\">completi<span class=\"_ _1\"></span>on of the <span class=\"ws3e\">performance<span class=\"_ _195\"> </span></span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x241 y2def wc3 hde\"><div class=\"t m0 x0 h88 y2362 ff15e fs3a fc2 sc0 ls29 ws44\">obligation</div></td><td class=\"c x374 y2def wc6 hde\"><div class=\"t m0 x2d h87 y2364 ff15b fs3a fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x2d h87 y2365 ff15b fs3a fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x175 h87 y1c38 ff15b fs3a fc2 sc0 ls21 ws35\">1,39<span class=\"_ _2\"></span>2,967<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x375 y2def w5f hde\"><div class=\"t m0 x19f h87 y1c38 ff160 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff15b\"> </span></div></td><td class=\"t m0 x378 h88 y2df0 ff15e fs3a fc2 sc0 ls20 ws36\">1,522,183<span class=\"_ _195\"> </span></td><td class=\"c x376 y2def w5c hde\"><div class=\"t m0 x1be h88 y1c38 ff15f fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff15e\"> </span></div></td></tr><tr><td class=\"c x241 y2df1 wc3 h86\"><div class=\"t m0 x0 h87 y1be8 ff15b fs3a fc2 sc0 ls2c ws5a\">Balance, No<span class=\"_ _1\"></span>v<span class=\"_ _2\"></span>ember 30<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x374 y2df1 wc6 h86\"><div class=\"t m0 x210 h87 y1be8 ff15b fs3a fc2 sc0 ls23 ws39\">35,271<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x375 y2df1 w5f h86\"><div class=\"t m0 x19f h87 y1be8 ff160 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff15b\"> </span></div></td><td class=\"c x373 y2df1 w5e h86\"><div class=\"t m0 x180 h88 y1be8 ff15e fs3a fc2 sc0 ls20 ws36\">40,243<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x376 y2df1 w5c h86\"><div class=\"t m0 x1be h88 y1be8 ff15f fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff15e\"> </span></div></td></tr></table>Accrued expens<span class=\"_ _2\"></span>es and deferred reven<span class=\"_ _2\"></span>ue<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><table class=\"s w14b h14c\" id=\"_275adc2c-6e89-4168-9f7e-1ef4e3ebd787\"><tr><td></td><td class=\"t m0 x36f h82 y2dd8 ff15e fs3b fc2 sc0 ls1 ws0\"> <span class=\"_ _192\"> </span> <span class=\"_ _63\"> </span><span class=\"ls1d ws49\"></span><span class=\"ls1d ws49\">As of</span> November<span class=\"_ _2\"></span> <span class=\"ls1b ws2f\">30</span> </td><td></td></tr><tr><td class=\"c x241 y2dd9 wc8 h83\"><div class=\"t m0 x0 h82 y1c4a ff15e fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"c x370 y2dd9 w5f h83\"><div class=\"t m0 x185 h85 y1e4c ff15b fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x371 y2dd9 w5e h83\"><div class=\"t m0 x185 h82 y1e4c ff15e fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2dda wc8 h86\"><div class=\"t m0 x0 h88 y1c05 ff15e fs3a fc2 sc0 ls26 ws3d\">Accrued empl<span class=\"_ _1\"></span>oyee expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x370 y2dda w5f h86\"><div class=\"t m0 x17f h87 y1c05 ff15b fs3a fc2 sc0 ls23 ws39\">76,798<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x371 y2dda w5e h86\"><div class=\"t m0 x210 h88 y1c05 ff15e fs3a fc2 sc0 ls20 ws36\">85,008<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ddb wc8 h8a\"><div class=\"t m0 x0 h88 y1c03 ff15e fs3a fc2 sc0 ls22 ws37\">Accrued trans<span class=\"_ _1\"></span>portation expenses<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x370 y2ddb w5f h8a\"><div class=\"t m0 x17f h87 y1c03 ff15b fs3a fc2 sc0 ls23 ws39\">71,371<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x371 y2ddb w5e h8a\"><div class=\"t m0 x210 h88 y1c03 ff15e fs3a fc2 sc0 ls20 ws36\">45,292<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ddc wc8 h86\"><div class=\"t m0 x0 h88 y1c05 ff15e fs3a fc2 sc0 ls24 ws3a\">Accrued consumables<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x370 y2ddc w5f h86\"><div class=\"t m0 x17f h87 y1c05 ff15b fs3a fc2 sc0 ls23 ws39\">10,569<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x371 y2ddc w5e h86\"><div class=\"t m0 x210 h88 y1c05 ff15e fs3a fc2 sc0 ls20 ws36\">17,718<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ddd wc8 h86\"><div class=\"t m0 x0 h88 y1bde ff15e fs3a fc2 sc0 ls24 ws3a\">Accrued maintenance expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x370 y2ddd w5f h86\"><div class=\"t m0 x187 h87 y1bde ff15b fs3a fc2 sc0 ls21 ws35\">7,12<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x371 y2ddd w5e h86\"><div class=\"t m0 x1be h88 y1bde ff15f fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff15e\"> </span></div></td></tr><tr><td class=\"c x241 y2dde wc8 h8a\"><div class=\"t m0 x0 h88 y1c79 ff15e fs3a fc2 sc0 ls22 ws37\">Accrued prop<span class=\"_ _1\"></span>erty taxes<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x370 y2dde w5f h8a\"><div class=\"t m0 x187 h87 y1c79 ff15b fs3a fc2 sc0 ls21 ws35\">6,53<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x371 y2dde w5e h8a\"><div class=\"t m0 x1be h88 y1c79 ff15f fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff15e\"> </span></div></td></tr><tr><td class=\"c x241 y2ddf wc8 h86\"><div class=\"t m0 x0 h88 y1be2 ff15e fs3a fc2 sc0 ls24 ws3a\">Accrued VAT expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x370 y2ddf w5f h86\"><div class=\"t m0 x187 h87 y1be2 ff15b fs3a fc2 sc0 ls21 ws35\">3,80<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x371 y2ddf w5e h86\"><div class=\"t m0 x210 h88 y1be2 ff15e fs3a fc2 sc0 ls20 ws36\">40,000<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2de0 wc8 h86\"><div class=\"t m0 x0 h88 y1be4 ff15e fs3a fc2 sc0 ls26 ws3d\">Accrued other expenses<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x370 y2de0 w5f h86\"><div class=\"t m0 x17f h87 y1be4 ff15b fs3a fc2 sc0 ls23 ws39\">72,386<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x371 y2de0 w5e h86\"><div class=\"t m0 x210 h88 y1be4 ff15e fs3a fc2 sc0 ls20 ws36\">72,572<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2de1 wc8 h8a\"><div class=\"t m0 x0 h88 y1be6 ff15e fs3a fc2 sc0 ls26 ws3d\">Deferred revenu<span class=\"_ _1\"></span>e<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x370 y2de1 w5f h8a\"><div class=\"t m0 x17f h87 y1be6 ff15b fs3a fc2 sc0 ls23 ws39\">26,144<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x371 y2de1 w5e h8a\"><div class=\"t m0 x210 h88 y1be6 ff15e fs3a fc2 sc0 ls20 ws36\">21,568<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x370 y2de2 w5f h86\"><div class=\"t m0 x17a h87 y1be8 ff15b fs3a fc2 sc0 ls21 ws35\">274,<span class=\"_ _2\"></span>739<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x371 y2de2 w5e h86\"><div class=\"t m0 x17b h88 y1be8 ff15e fs3a fc2 sc0 ls20 ws36\">282,158<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>Financial Liabilities<span class=\"ls1 ws0\"> </span>Financial liabilities at<span class=\"_ _2\"></span> amortised cost<span class=\"_ _2\"></span><span class=\"ff17f ls1 ws0\"> </span>Accounts payables, excluding withholding and value<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls28\">adde<span class=\"_ _2\"></span>d ta<span class=\"_ _2\"></span>xes</span></span><span class=\"ls1 ws0\"><span class=\"ls28\"><span class=\"ls1\"> </span></span></span>117,080<span class=\"ls1 ws0\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span>117,080<span class=\"ls1 ws0\"> </span>117,080<span class=\"ls1 ws0\"> </span>88,320<span class=\"ls1 ws0\"> </span>\u2013<span class=\"ff17f\"> </span>88,320<span class=\"ls1 ws0\"> </span>88,320<span class=\"ls1 ws0\"> </span>Accrued expenses a<span class=\"_ _1\"></span>nd accrued voyage expenses<span class=\"_ _1\"></span><span class=\"ls29 ws42\">, ex<span class=\"_ _2\"></span>cluding co<span class=\"_ _2\"></span>ntract<span class=\"_ _2\"></span> liabilities a<span class=\"_ _2\"></span>nd </span>deferred rev<span class=\"_ _1\"></span>enue<span class=\"ls1 ws0\"> </span>282,144<span class=\"ls1 ws0\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span>282,144<span class=\"ls1 ws0\"> </span>282,144<span class=\"ls1 ws0\"> </span>291,209<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>\u2013<span class=\"ff17f\"> </span>291,209<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>291,209<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>Dividend paya<span class=\"_ _2\"></span>ble<span class=\"ls1 ws0\"> </span>53,177<span class=\"ls1 ws0\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span>53,177<span class=\"ls1 ws0\"> </span>53,177<span class=\"ls1 ws0\"> </span>66,972<span class=\"ls1 ws0\"> </span>\u2013<span class=\"ff17f\"> </span>66,972<span class=\"ls1 ws0\"> </span>66,972<span class=\"ls1 ws0\"> </span>Long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease<span class=\"_ _2\"></span> obligations,<span class=\"_ _2\"></span> includin<span class=\"_ _2\"></span>g curre<span class=\"_ _2\"></span>nt maturit<span class=\"_ _2\"></span>ies</span></span><span class=\"ls1 ws0\"> </span>75,032<span class=\"ls1 ws0\"> </span>327,156<span class=\"ls1 ws0\"> </span>402,<span class=\"_ _2\"></span>188<span class=\"ls1 ws0\"> </span>402,<span class=\"_ _2\"></span>188<span class=\"ls1 ws0\"> </span>58,581<span class=\"ls1 ws0\"> </span>285,430<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>344,011<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>344,011<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Short<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2e ws4c\">ter<span class=\"_ _2\"></span>m loans and l<span class=\"ls24 ws3b\">ong<span class=\"ls1 ws0\">-<span class=\"ls23 ws4b\">term<span class=\"_ _1\"></span> debt, includi<span class=\"_ _1\"></span>ng current maturi<span class=\"_ _1\"></span>ties<span class=\"ls1 ws0\"> <span class=\"ls2e ws5c\">and <span class=\"_ _1\"></span><span class=\"ls28 wsc0\">ex<span class=\"_ _2\"></span>cluding de<span class=\"_ _2\"></span>bt<span class=\"_ _195\"> </span></span></span></span></span></span></span></span></span>issuance costs<span class=\"_ _195\"> </span>361,550<span class=\"ls1 ws0\"> </span>1,855,520<span class=\"ls1 ws0\"> </span>2,21<span class=\"_ _2\"></span>7,070<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>2,32<span class=\"_ _2\"></span>6,668<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>200,446<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>1,<span class=\"_ _2\"></span>660,0<span class=\"_ _2\"></span>51<span class=\"ls1 ws0\"> </span>1,860,497<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>1,979,333<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Other cur<span class=\"_ _2\"></span>rent liabilit<span class=\"_ _2\"></span>ies<span class=\"ls1 ws0\"> </span>42,918<span class=\"ls1 ws0\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span>42,918<span class=\"ls1 ws0\"> </span>42,918<span class=\"ls1 ws0\"> </span>56,031<span class=\"ls1 ws0\"> </span>\u2013<span class=\"ff17f\"> </span>56,031<span class=\"ls1 ws0\"> </span>56,031<span class=\"ls1 ws0\"> </span>931,901<span class=\"_ _195\"> </span>2,182,676<span class=\"_ _195\"> </span>3,11<span class=\"_ _2\"></span>4,577<span class=\"_ _195\"> </span>3,22<span class=\"_ _2\"></span>4,175<span class=\"_ _195\"> </span>761,559<span class=\"_ _195\"> </span>1,<span class=\"_ _2\"></span>945,4<span class=\"_ _2\"></span>81<span class=\"_ _195\"> </span>2,707,040<span class=\"_ _195\"> </span>2,825,876<span class=\"_ _195\"> </span>Matu<span class=\"_ _2\"></span>rity of f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial <span class=\"ls6d wsa9\">liabilit<span class=\"_ _1\"></span>ies<span class=\"ls1 ws0\">  </span></span><table class=\"s w17b h157\" id=\"_21c836a0-bbb1-4911-90c3-b06bf8ee7312\"><tr><td class=\"c x246 y2e61 w1a3 h158\"><div class=\"t m0 x245 h85 y2c8b ff193 fs3b fc2 sc0 ls65 ws9b\">For the yea<span class=\"_ _2\"></span>r ended <span class=\"_ _2\"></span>November 3<span class=\"_ _2\"></span>0, 20<span class=\"_ _195\"> </span></div><div class=\"t m0 x393 h85 y2e60 ff193 fs3b fc2 sc0 ls1b ws2f\">25<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x394 h85 y2e62 ff193 fs3b fc2 sc0 ls87 wsdc\">Less<span class=\"ls1 ws0\"> than<span class=\"_ _195\"> </span></span></td><td></td><td></td><td class=\"t m0 x38e h85 y2e62 ff193 fs3b fc2 sc0 ls65 ws99\">More<span class=\"ls1 ws0\"> than<span class=\"_ _195\"> </span></span></td><td></td></tr><tr><td class=\"c x24b y2e63 wd7 hb6\"><div class=\"t m0 x0 h85 y1c8e ff193 fs3b fc2 sc0 ls1 ws0\">(<span class=\"ls65 ws99\"></span><span class=\"ls65 ws99\">in</span> US $ thousands) </div></td><td class=\"c x29e y2e63 w54 hb6\"><div class=\"t m0 x15 h85 y1c8c ff193 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x1be h85 y1c8e ff193 fs3b fc2 sc0 ls1 ws0\">1 <span class=\"ls19 ws2d\">yr</span> </div></td><td class=\"c x29f y2e63 w34 hb6\"><div class=\"t m0 x185 h85 y1c8b ff193 fs3b fc2 sc0 ls1 ws0\">2-3 <span class=\"ls7c wsc3\">yrs</span> </div></td><td class=\"c x2fb y2e63 w20 hb6\"><div class=\"t m0 x185 h85 y1c8b ff193 fs3b fc2 sc0 ls1 ws0\">4-5 <span class=\"ls7c wsc3\">yrs</span> </div></td><td class=\"c x2a1 y2e63 w20 hb6\"><div class=\"t m0 x15 h85 y1c8c ff193 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x177 h85 y1c8e ff193 fs3b fc2 sc0 ls1 ws0\">5 <span class=\"ls7c wsc3\">yrs</span> </div></td><td class=\"c x2fa y2e63 w55 hb6\"><div class=\"t m0 x177 h85 y1c8b ff193 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2e64 wd7 h86\"><div class=\"t m0 x0 h87 y1c4c ff193 fs3a fc2 sc0 ls2c ws5a\">Contractual obligations<span class=\"_ _1\"></span>:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e65 wd7 h86\"><div class=\"t m0 x0 h88 y1bef ff194 fs3a fc2 sc0 ls24 ws3a\">Accounts payable, excluding withholding and value<span class=\"ls1 ws0\">-<span class=\"ls28\">added<span class=\"_ _2\"></span> taxe<span class=\"_ _2\"></span>s</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e65 w54 h86\"><div class=\"t m0 x180 h87 y1bef ff193 fs3a fc2 sc0 ls21 ws35\">117,<span class=\"_ _2\"></span>080<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e65 w34 h86\"><div class=\"t m0 x2d h87 y1bef ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fb y2e65 w20 h86\"><div class=\"t m0 x2d h87 y1bef ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2a1 y2e65 w20 h86\"><div class=\"t m0 x2d h87 y1bef ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e65 w55 h86\"><div class=\"t m0 x180 h87 y1bef ff193 fs3a fc2 sc0 ls21 ws35\">117,<span class=\"_ _2\"></span>080<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e66 wd7 h8a\"><div class=\"t m0 x0 h88 y1bff ff194 fs3a fc2 sc0 ls28 ws0\">Accr<span class=\"_ _2\"></span>ued e<span class=\"_ _2\"></span>xpens<span class=\"_ _2\"></span>es and di<span class=\"_ _2\"></span>viden<span class=\"_ _2\"></span>d pay<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span><span class=\"ls29 ws42\">, excluding<span class=\"_ _2\"></span> contr<span class=\"_ _2\"></span>act liabilities</span><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span><span class=\"ls1\">  </span></div></td><td class=\"c x29e y2e66 w54 h8a\"><div class=\"t m0 x180 h87 y1bff ff193 fs3a fc2 sc0 ls21 ws35\">361,<span class=\"_ _2\"></span>461<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e66 w34 h8a\"><div class=\"t m0 x2d h87 y1bff ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fb y2e66 w20 h8a\"><div class=\"t m0 x2d h87 y1bff ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2a1 y2e66 w20 h8a\"><div class=\"t m0 x2d h87 y1bff ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e66 w55 h8a\"><div class=\"t m0 x180 h87 y1bff ff193 fs3a fc2 sc0 ls21 ws35\">361,<span class=\"_ _2\"></span>461<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e67 wd7 h86\"><div class=\"t m0 x0 h88 y1bfa ff194 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease<span class=\"_ _2\"></span> liabilities,<span class=\"_ _2\"></span> includ<span class=\"_ _2\"></span>ing curr<span class=\"_ _2\"></span>ent maturit<span class=\"_ _2\"></span>ies</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e67 w54 h86\"><div class=\"t m0 x179 h87 y1bfa ff193 fs3a fc2 sc0 ls23 ws39\">75,032<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e67 w34 h86\"><div class=\"t m0 x180 h87 y1bfa ff193 fs3a fc2 sc0 ls21 ws35\">105,<span class=\"_ _2\"></span>225<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e67 w20 h86\"><div class=\"t m0 x179 h87 y1bfa ff193 fs3a fc2 sc0 ls23 ws39\">62,792<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e67 w20 h86\"><div class=\"t m0 x180 h87 y1bfa ff193 fs3a fc2 sc0 ls21 ws35\">159,<span class=\"_ _2\"></span>139<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e67 w55 h86\"><div class=\"t m0 x180 h87 y1bfa ff193 fs3a fc2 sc0 ls21 ws35\">402,<span class=\"_ _2\"></span>188<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e68 wd7 h86\"><div class=\"t m0 x0 h88 y1bf8 ff194 fs3a fc2 sc0 ls24 ws3a\">Interest on long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease l<span class=\"_ _2\"></span>iabilities</span></span><span class=\"ls1 ws0\"><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span> </span></div></td><td class=\"c x29e y2e68 w54 h86\"><div class=\"t m0 x179 h87 y1bf8 ff193 fs3a fc2 sc0 ls23 ws39\">20,426<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e68 w34 h86\"><div class=\"t m0 x179 h87 y1bf8 ff193 fs3a fc2 sc0 ls23 ws39\">29,249<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e68 w20 h86\"><div class=\"t m0 x179 h87 y1bf8 ff193 fs3a fc2 sc0 ls23 ws39\">19,878<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e68 w20 h86\"><div class=\"t m0 x179 h87 y1bf8 ff193 fs3a fc2 sc0 ls27 ws3f\">73<span class=\"ls23 ws39\">,524</span><span class=\"ls23 ws39\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2fa y2e68 w55 h86\"><div class=\"t m0 x180 h87 y1bf8 ff193 fs3a fc2 sc0 ls21 ws35\">143,<span class=\"_ _2\"></span>077<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e69 wd7 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff194 fs3a fc2 sc0 ls22 ws3e\">Short<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls24 ws3a\">term bank loans</span></span><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x29e y2e69 w54 h8a\"><div class=\"t m0 x179 h87 y1bf6 ff193 fs3a fc2 sc0 ls23 ws39\">65,000<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e69 w34 h8a\"><div class=\"t m0 x2d h87 y1bf6 ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fb y2e69 w20 h8a\"><div class=\"t m0 x2d h87 y1bf6 ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2a1 y2e69 w20 h8a\"><div class=\"t m0 x2d h87 y1bf6 ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e69 w55 h8a\"><div class=\"t m0 x179 h87 y1bf6 ff193 fs3a fc2 sc0 ls23 ws39\">65,000<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6a wd7 h8b\"><div class=\"t m0 x0 h88 y1c05 ff194 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls2a ws5a\">term de<span class=\"_ _2\"></span>bt<span class=\"_ _2\"></span></span>, <span class=\"_ _3\"></span><span class=\"ls24 ws3a\">including<span class=\"_ _2\"></span> current maturities</span></span><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x29e y2e6a w54 h8b\"><div class=\"t m0 x180 h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">296,<span class=\"_ _2\"></span>550<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6a w34 h8b\"><div class=\"t m0 x180 h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">652,<span class=\"_ _2\"></span>276<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e6a w20 h8b\"><div class=\"t m0 x180 h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">564,<span class=\"_ _2\"></span>356<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e6a w20 h8b\"><div class=\"t m0 x180 h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">638,<span class=\"_ _2\"></span>888<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e6a w55 h8b\"><div class=\"t m0 x17a h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">2,15<span class=\"_ _2\"></span>2,070<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6b wd7 h86\"><div class=\"t m0 x0 h88 y1bde ff194 fs3a fc2 sc0 ls24 ws3a\">Interest on long<span class=\"ls1 ws0\">-<span class=\"ls26 ws3d\">term deb<span class=\"_ _1\"></span>t</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x29e y2e6b w54 h86\"><div class=\"t m0 x180 h87 y1bde ff193 fs3a fc2 sc0 ls21 ws35\">110,<span class=\"_ _2\"></span>090<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6b w34 h86\"><div class=\"t m0 x180 h87 y1bde ff193 fs3a fc2 sc0 ls21 ws35\">182,<span class=\"_ _2\"></span>387<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e6b w20 h86\"><div class=\"t m0 x180 h87 y1bde ff193 fs3a fc2 sc0 ls21 ws35\">118,<span class=\"_ _2\"></span>276<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e6b w20 h86\"><div class=\"t m0 x179 h87 y1bde ff193 fs3a fc2 sc0 ls23 ws39\">96,926<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e6b w55 h86\"><div class=\"t m0 x180 h87 y1bde ff193 fs3a fc2 sc0 ls21 ws35\">507,<span class=\"_ _2\"></span>679<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6c wd7 h8a\"><div class=\"t m0 x0 h88 y1be0 ff194 fs3a fc2 sc0 ls29 ws42\">Derivative f<span class=\"_ _2\"></span>inancial lia<span class=\"_ _2\"></span>bilities<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e6c w54 h8a\"><div class=\"t m0 x185 h87 y1be0 ff193 fs3a fc2 sc0 ls21 ws35\">4,70<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6c w34 h8a\"><div class=\"t m0 x185 h87 y1be0 ff193 fs3a fc2 sc0 ls21 ws35\">7,04<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e6c w20 h8a\"><div class=\"t m0 x185 h87 y1be0 ff193 fs3a fc2 sc0 ls21 ws35\">6,98<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e6c w20 h8a\"><div class=\"t m0 x2d h87 y1be0 ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e6c w55 h8a\"><div class=\"t m0 x179 h87 y1be0 ff193 fs3a fc2 sc0 ls23 ws39\">18,730<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6d wd7 h86\"><div class=\"t m0 x0 h88 y1bde ff194 fs3a fc2 sc0 ls24 ws3a\">Other current<span class=\"ls1 ws0\"> <span class=\"ls29 ws44\">liabilities</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e6d w54 h86\"><div class=\"t m0 x179 h87 y1bde ff193 fs3a fc2 sc0 ls23 ws39\">42,918<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6d w34 h86\"><div class=\"t m0 x2d h87 y1bde ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fb y2e6d w20 h86\"><div class=\"t m0 x2d h87 y1bde ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2a1 y2e6d w20 h86\"><div class=\"t m0 x2d h87 y1bde ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e6d w55 h86\"><div class=\"t m0 x179 h87 y1bde ff193 fs3a fc2 sc0 ls23 ws39\">42,918<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6e wd7 h86\"><div class=\"t m0 x0 h87 y1be4 ff193 fs3a fc2 sc0 ls25 ws4d\">Total contractual obligations<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e6e w54 h86\"><div class=\"t m0 x17a h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">1,09<span class=\"_ _2\"></span>3,258<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6e w34 h86\"><div class=\"t m0 x180 h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">976,<span class=\"_ _2\"></span>182<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e6e w20 h86\"><div class=\"t m0 x180 h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">772,<span class=\"_ _2\"></span>286<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e6e w20 h86\"><div class=\"t m0 x180 h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">968,<span class=\"_ _2\"></span>477<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e6e w55 h86\"><div class=\"t m0 x17a h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">3,81<span class=\"_ _2\"></span>0,203<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table><table class=\"s w17b h159\" id=\"_7e447562-4eb7-427c-92a7-a51fc0881bd2\"><tr><td class=\"c x246 y2e6f w1a4 h115\"><div class=\"t m0 x245 h82 y29a6 ff194 fs3b fc2 sc0 ls1 ws32\">For the year<span class=\"_ _195\"> </span></div><div class=\"t m0 x395 h82 y29a6 ff194 fs3b fc2 sc0 ls1 ws0\">ended November <span class=\"ls69 wsa2\">30, 2024<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x394 h82 y2e70 ff194 fs3b fc2 sc0 ls7c wsc3\">Less<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">than<span class=\"_ _195\"> </span></span></span></td><td></td><td></td><td class=\"t m0 x38e h82 y2e70 ff194 fs3b fc2 sc0 ls65 ws99\">More<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">tha<span class=\"_ _2\"></span>n<span class=\"_ _195\"> </span></span></span></td><td></td></tr><tr><td class=\"c x24b y2e71 wd7 hc6\"><div class=\"t m0 x0 h82 y1c51 ff194 fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"c x29e y2e71 w54 hc6\"><div class=\"t m0 x15 h82 y2486 ff194 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x19f h82 y1d6f ff194 fs3b fc2 sc0 ls1 ws0\">1 <span class=\"ls69 wsbc\">yr</span> </div></td><td class=\"c x29f y2e71 w34 hc6\"><div class=\"t m0 x184 h82 y22db ff194 fs3b fc2 sc0 ls1 ws0\">2-3 <span class=\"ls69 wsbc\">yrs</span> </div></td><td class=\"c x2fb y2e71 w20 hc6\"><div class=\"t m0 x184 h82 y22db ff194 fs3b fc2 sc0 ls1 ws0\">4-5 <span class=\"ls69 wsbc\">yrs</span> </div></td><td class=\"c x2a1 y2e71 w20 hc6\"><div class=\"t m0 x15 h82 y2486 ff194 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x1a0 h82 y1d6f ff194 fs3b fc2 sc0 ls1 ws0\">5 <span class=\"ls69 wsbc\">yrs</span> </div></td><td class=\"c x2fa y2e71 w55 hc6\"><div class=\"t m0 x177 h82 y22db ff194 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2e72 wd7 h8a\"><div class=\"t m0 x0 h87 y1bf6 ff193 fs3a fc2 sc0 ls2c ws5a\">Contractual obligations<span class=\"_ _1\"></span>:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e73 wd7 h86\"><div class=\"t m0 x0 h88 y1bf8 ff194 fs3a fc2 sc0 ls24 ws3a\">Accounts payable, excluding withholding and value<span class=\"ls1 ws0\">-<span class=\"ls28\">added<span class=\"_ _2\"></span> taxe<span class=\"_ _2\"></span>s</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e73 w54 h86\"><div class=\"t m0 x183 h88 y1bf8 ff194 fs3a fc2 sc0 ls20 ws36\">88,320<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e73 w34 h86\"><div class=\"t m0 x2d h88 y1bf8 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fb y2e73 w20 h86\"><div class=\"t m0 x2d h88 y1bf8 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2a1 y2e73 w20 h86\"><div class=\"t m0 x2d h88 y1bf8 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fa y2e73 w55 h86\"><div class=\"t m0 x183 h88 y1bf8 ff194 fs3a fc2 sc0 ls20 ws36\">88,320<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e74 wd7 h86\"><div class=\"t m0 x0 h88 y1bde ff194 fs3a fc2 sc0 ls28 ws0\">Accr<span class=\"_ _2\"></span>ued e<span class=\"_ _2\"></span>xpens<span class=\"_ _2\"></span>es and di<span class=\"_ _2\"></span>viden<span class=\"_ _2\"></span>d pay<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span><span class=\"ls29 ws42\">, excluding<span class=\"_ _2\"></span> contr<span class=\"_ _2\"></span>act liabilities</span><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span><span class=\"ls1\">  </span></div></td><td class=\"c x29e y2e74 w54 h86\"><div class=\"t m0 x181 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">379,749<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e74 w34 h86\"><div class=\"t m0 x2d h88 y1bde ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fb y2e74 w20 h86\"><div class=\"t m0 x2d h88 y1bde ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2a1 y2e74 w20 h86\"><div class=\"t m0 x2d h88 y1bde ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fa y2e74 w55 h86\"><div class=\"t m0 x181 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">379,749<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e75 wd7 ha4\"><div class=\"t m0 x0 h88 y1be0 ff194 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease<span class=\"_ _2\"></span> liabilities,<span class=\"_ _2\"></span> includ<span class=\"_ _2\"></span>ing curr<span class=\"_ _2\"></span>ent maturit<span class=\"_ _2\"></span>ies</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e75 w54 ha4\"><div class=\"t m0 x183 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">58,581<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e75 w34 ha4\"><div class=\"t m0 x183 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">83,169<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e75 w20 ha4\"><div class=\"t m0 x183 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">51,368<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e75 w20 ha4\"><div class=\"t m0 x181 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">150,893<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e75 w55 ha4\"><div class=\"t m0 x181 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">344,011<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e76 wd7 h86\"><div class=\"t m0 x0 h88 y1bde ff194 fs3a fc2 sc0 ls24 ws3a\">Interest on long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease l<span class=\"_ _2\"></span>iabilities</span></span><span class=\"ls1 ws0\"><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span> </span></div></td><td class=\"c x29e y2e76 w54 h86\"><div class=\"t m0 x183 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">17,267<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e76 w34 h86\"><div class=\"t m0 x183 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">26,459<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e76 w20 h86\"><div class=\"t m0 x183 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">18,551<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e76 w20 h86\"><div class=\"t m0 x183 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">73,010<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e76 w55 h86\"><div class=\"t m0 x181 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">135,287<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e77 wd7 h86\"><div class=\"t m0 x0 h88 y1c05 ff194 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls24 ws3a\">term debt, including current<span class=\"_ _2\"></span> maturities</span></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span> </span></div></td><td class=\"c x29e y2e77 w54 h86\"><div class=\"t m0 x181 h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">200,446<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e77 w34 h86\"><div class=\"t m0 x181 h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">506,426<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e77 w20 h86\"><div class=\"t m0 x181 h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">605,365<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e77 w20 h86\"><div class=\"t m0 x181 h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">548,260<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e77 w55 h86\"><div class=\"t m0 x17b h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">1,860,497<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e78 wd7 h8a\"><div class=\"t m0 x0 h88 y1be6 ff194 fs3a fc2 sc0 ls24 ws3a\">Interest on long<span class=\"ls1 ws0\">-<span class=\"ls26 ws3d\">term deb<span class=\"_ _1\"></span>t</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x29e y2e78 w54 h8a\"><div class=\"t m0 x181 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">103,040<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e78 w34 h8a\"><div class=\"t m0 x181 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">170,949<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e78 w20 h8a\"><div class=\"t m0 x181 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">114,561<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e78 w20 h8a\"><div class=\"t m0 x183 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">93,865<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e78 w55 h8a\"><div class=\"t m0 x181 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">482,415<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e79 wd7 h86\"><div class=\"t m0 x0 h88 y1be4 ff194 fs3a fc2 sc0 ls29 ws42\">Derivative f<span class=\"_ _2\"></span>inancial lia<span class=\"_ _2\"></span>bilities<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e79 w54 h86\"><div class=\"t m0 x184 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">1,616<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e79 w34 h86\"><div class=\"t m0 x184 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">6,688<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e79 w20 h86\"><div class=\"t m0 x184 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">5,489<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e79 w20 h86\"><div class=\"t m0 x1a0 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">447<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e79 w55 h86\"><div class=\"t m0 x183 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">14,240<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e7a wd7 h86\"><div class=\"t m0 x0 h88 y1be2 ff194 fs3a fc2 sc0 ls24 ws3a\">Other current<span class=\"ls1 ws0\"> <span class=\"ls29 ws44\">liabilities</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e7a w54 h86\"><div class=\"t m0 x183 h88 y1be2 ff194 fs3a fc2 sc0 ls20 ws36\">56,031<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e7a w34 h86\"><div class=\"t m0 x2d h88 y1be2 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fb y2e7a w20 h86\"><div class=\"t m0 x2d h88 y1be2 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2a1 y2e7a w20 h86\"><div class=\"t m0 x2d h88 y1be2 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fa y2e7a w55 h86\"><div class=\"t m0 x183 h88 y1be2 ff194 fs3a fc2 sc0 ls20 ws36\">56,031<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e7b wd7 h8a\"><div class=\"t m0 x0 h87 y1c79 ff193 fs3a fc2 sc0 ls25 ws4d\">Total contractual obligations<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e7b w54 h8a\"><div class=\"t m0 x181 h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">905,050<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e7b w34 h8a\"><div class=\"t m0 x181 h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">793,691<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e7b w20 h8a\"><div class=\"t m0 x181 h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">795,334<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e7b w20 h8a\"><div class=\"t m0 x181 h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">866,475<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e7b w55 h8a\"><div class=\"t m0 x17b h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">3,360,550<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-680": {
   "value": "Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span>Acco<span class=\"_ _2\"></span>unts<span class=\"_ _2\"></span> pay<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> ini<span class=\"_ _2\"></span>tiall<span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>valu<span class=\"_ _2\"></span>ed a<span class=\"_ _2\"></span>t th<span class=\"_ _2\"></span>eir f<span class=\"_ _2\"></span>air <span class=\"_ _2\"></span>val<span class=\"_ _2\"></span>ue <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>subse<span class=\"_ _2\"></span>que<span class=\"_ _2\"></span>ntly<span class=\"_ _2\"></span> at a<span class=\"_ _2\"></span>mort<span class=\"_ _2\"></span>ised<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>st. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>A co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>t li<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>ity<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> the o<span class=\"_ _2\"></span>bli<span class=\"_ _2\"></span>gati<span class=\"_ _2\"></span>on t<span class=\"_ _2\"></span>o tr<span class=\"_ _2\"></span>ansf<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span> good<span class=\"_ _2\"></span>s or<span class=\"_ _2\"></span> ser<span class=\"_ _2\"></span>vic<span class=\"_ _2\"></span>es to<span class=\"_ _2\"></span> a c<span class=\"_ _2\"></span>ust<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span>r for<span class=\"_ _2\"></span> whi<span class=\"_ _2\"></span>ch t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> has recei<span class=\"_ _2\"></span>ved or i<span class=\"_ _2\"></span>s entitl<span class=\"_ _2\"></span>ed to c<span class=\"_ _2\"></span>onsiderati<span class=\"_ _2\"></span>on. When<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">consid<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ion i<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>paid b<span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>a cust<span class=\"_ _2\"></span>omer<span class=\"_ _2\"></span> be<span class=\"_ _2\"></span>for<span class=\"_ _2\"></span>e the<span class=\"_ _2\"></span> </span></span>Group transfers goods or services to s<span class=\"_ _2\"></span>atisfy the performance obligation, a contract liabilit<span class=\"_ _2\"></span>y is recognised. Contract liabilities are recognised as <span class=\"_ _2\"></span><span class=\"ls49 ws78\">oper<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ng <span class=\"ls48 ws32\">revenue w<span class=\"_ _2\"></span>hen the<span class=\"_ _2\"></span> Group s<span class=\"_ _2\"></span>atisfies </span></span>the<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>ual <span class=\"_ _2\"></span>perf<span class=\"_ _2\"></span>orm<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> obli<span class=\"_ _2\"></span>gat<span class=\"_ _2\"></span>ions<span class=\"_ _2\"></span>.</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-584": {
   "value": "2<span class=\"wsba\">1. Financial </span>R<span class=\"_ _2\"></span><span class=\"ls71 wsb3\">isk </span>M<span class=\"ls71 wsb3\">ana<span class=\"_ _2\"></span>gement <span class=\"_ _2\"></span></span> The Gr<span class=\"_ _2\"></span>oup\u2019s<span class=\"_ _2\"></span> obj<span class=\"_ _2\"></span>ectiv<span class=\"_ _2\"></span>es w<span class=\"_ _2\"></span>hen ma<span class=\"_ _2\"></span>nagi<span class=\"_ _2\"></span>ng cap<span class=\"_ _2\"></span>ital<span class=\"_ _2\"></span> are <span class=\"_ _2\"></span>to s<span class=\"_ _2\"></span>afegua<span class=\"_ _2\"></span>rd t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span>\u2019s abil<span class=\"_ _2\"></span>ity <span class=\"_ _2\"></span>to c<span class=\"_ _2\"></span>onti<span class=\"_ _2\"></span>nue a<span class=\"_ _2\"></span>s a go<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> conce<span class=\"_ _2\"></span>rn<span class=\"_ _2\"></span><span class=\"ff167 ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws4f\">to prov<span class=\"_ _2\"></span>ide re<span class=\"_ _2\"></span>turns<span class=\"_ _2\"></span> for <span class=\"ls1 ws0\">s</span><span class=\"ws52\">harehold<span class=\"_ _2\"></span>ers<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws50\">and bene<span class=\"_ _2\"></span>fits <span class=\"_ _2\"></span>for ot<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span>r stak<span class=\"_ _2\"></span>ehold<span class=\"_ _2\"></span>ers<span class=\"ls1 ws0\">, </span>and to m<span class=\"_ _2\"></span>ain<span class=\"_ _2\"></span>tain </span></span></span></span>an opti<span class=\"_ _2\"></span>mal c<span class=\"_ _2\"></span>apit<span class=\"_ _2\"></span>al s<span class=\"_ _2\"></span>truc<span class=\"_ _2\"></span>ture<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span>reduc<span class=\"_ _2\"></span>e the<span class=\"_ _2\"></span> cos<span class=\"_ _2\"></span>t of c<span class=\"_ _2\"></span>apit<span class=\"_ _2\"></span>al.<span class=\"_ _195\"> </span> T<span class=\"_ _2\"></span>he<span class=\"ls1 ws0\"> <span class=\"ff166 ls2f ws70\">Group\u2019s ac<span class=\"_ _2\"></span>tivities expo<span class=\"_ _2\"></span>se it to<span class=\"_ _2\"></span> a</span> </span>varie<span class=\"_ _2\"></span>ty of f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>ncial <span class=\"_ _2\"></span>risk<span class=\"_ _2\"></span>s suc<span class=\"_ _2\"></span>h as<span class=\"_ _2\"></span> mark<span class=\"_ _2\"></span>et ri<span class=\"_ _2\"></span>sk (i<span class=\"_ _2\"></span>ncludi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> curre<span class=\"_ _2\"></span>ncy <span class=\"_ _2\"></span>risk<span class=\"_ _2\"></span>, <span class=\"ls2f ws75\">p<span class=\"_ _2\"></span>olitical risk, <span class=\"ws70\">cash flow<span class=\"_ _2\"></span> interest r<span class=\"_ _2\"></span>ate risk </span></span>and p<span class=\"_ _2\"></span>rice r<span class=\"_ _2\"></span>isk<span class=\"_ _2\"></span>), c<span class=\"_ _2\"></span>redit<span class=\"_ _2\"></span> risk <span class=\"_ _2\"></span>and l<span class=\"_ _2\"></span>iq<span class=\"_ _2\"></span>uidity<span class=\"_ _2\"></span> ris<span class=\"_ _2\"></span>k. The<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ff166 ws4f\">Group<span class=\"_ _2\"></span>\u2019s overa<span class=\"_ _2\"></span>ll ris<span class=\"_ _2\"></span>k manage<span class=\"_ _2\"></span>ment p<span class=\"_ _2\"></span>rogram<span class=\"_ _2\"></span>me<span class=\"_ _2\"></span> focus<span class=\"_ _2\"></span>es on the unp<span class=\"_ _2\"></span>redi<span class=\"_ _2\"></span>ctab<span class=\"_ _2\"></span>ility<span class=\"_ _2\"></span> of</span><span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">financial markets<span class=\"_ _2\"></span> and seeks<span class=\"_ _2\"></span> to mini<span class=\"_ _2\"></span>mise potential <span class=\"_ _2\"></span></span></span><span class=\"ws4f\">adve<span class=\"_ _2\"></span>rse effe<span class=\"_ _2\"></span>cts o<span class=\"_ _2\"></span>n the </span>Group<span class=\"_ _2\"></span>\u2019s fin<span class=\"_ _2\"></span>anc<span class=\"_ _2\"></span>ial pe<span class=\"_ _2\"></span>rform<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span>. The<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span> u<span class=\"_ _2\"></span>ses de<span class=\"_ _2\"></span>riva<span class=\"_ _2\"></span>tive f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>ncial i<span class=\"_ _2\"></span>ns<span class=\"_ _2\"></span>trumen<span class=\"_ _2\"></span><span class=\"ff167\">ts <span class=\"_ _2\"></span>to hed<span class=\"_ _2\"></span>ge c<span class=\"_ _2\"></span>ert<span class=\"_ _2\"></span>ain r<span class=\"_ _2\"></span>isk e<span class=\"_ _2\"></span>xpos<span class=\"_ _2\"></span>ures.<span class=\"_ _2\"></span> Risk<span class=\"_ _2\"></span> ma<span class=\"_ _2\"></span>nageme<span class=\"_ _2\"></span>nt<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">is</span> </span>carried<span class=\"_ _2\"></span> out b<span class=\"_ _2\"></span>y a <span class=\"ls1 ws0\">c</span><span class=\"ws52\">ent<span class=\"_ _2\"></span>ral <span class=\"ls1 ws0\">t</span></span>reasury<span class=\"_ _2\"></span> dep<span class=\"_ _2\"></span>artme<span class=\"_ _2\"></span>nt <span class=\"_ _2\"></span>under p<span class=\"_ _2\"></span>olic<span class=\"_ _2\"></span>ies <span class=\"ws52\">ap<span class=\"_ _2\"></span>prove<span class=\"_ _2\"></span>d </span></span>by the<span class=\"_ _2\"></span> Boa<span class=\"_ _2\"></span>rd of<span class=\"_ _2\"></span> Di<span class=\"_ _2\"></span>rectors<span class=\"_ _2\"></span>. Gr<span class=\"_ _2\"></span>oup<span class=\"_ _2\"></span> Trea<span class=\"_ _2\"></span>sury i<span class=\"_ _2\"></span>dent<span class=\"_ _2\"></span>ifies<span class=\"_ _2\"></span>, ev<span class=\"_ _2\"></span>aluate<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>and hedg<span class=\"_ _2\"></span>es f<span class=\"_ _2\"></span>inanc<span class=\"_ _2\"></span>ial <span class=\"_ _2\"></span>risk<span class=\"_ _2\"></span>s in<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls4a ws74\">close coop<span class=\"_ _2\"></span>erati<span class=\"_ _2\"></span>on wit<span class=\"_ _2\"></span>h</span> </span><span class=\"ff166\">the Gro<span class=\"_ _2\"></span>up\u2019s</span><span class=\"ls1 ws0\"> </span>op<span class=\"_ _2\"></span>erating<span class=\"_ _2\"></span> unit<span class=\"_ _2\"></span>s.<span class=\"_ _2\"></span> The Bo<span class=\"_ _2\"></span>ard p<span class=\"_ _2\"></span>rovi<span class=\"_ _2\"></span>de<span class=\"_ _2\"></span>s writ<span class=\"_ _2\"></span>ten<span class=\"_ _2\"></span> princ<span class=\"_ _2\"></span>iples<span class=\"_ _2\"></span> for <span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>rall <span class=\"_ _2\"></span>risk management, as<span class=\"_ _2\"></span> well as w<span class=\"_ _2\"></span>ritten p<span class=\"_ _2\"></span>olicies covering spec<span class=\"_ _2\"></span>ific a<span class=\"_ _2\"></span>reas, <span class=\"ls30 ws52\">s<span class=\"_ _2\"></span>uch<span class=\"ls1 ws0\"> </span><span class=\"ws50\">as fore<span class=\"_ _2\"></span>ign<span class=\"_ _2\"></span> exch<span class=\"_ _2\"></span>ange<span class=\"_ _2\"></span> risk,<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span>teres<span class=\"_ _2\"></span>t rat<span class=\"_ _2\"></span>e ri<span class=\"_ _2\"></span>sk, c<span class=\"_ _2\"></span>redit<span class=\"_ _2\"></span> ris<span class=\"_ _2\"></span>k, us<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> de<span class=\"_ _2\"></span>rivati<span class=\"_ _2\"></span>ve f<span class=\"_ _2\"></span>inanci<span class=\"_ _2\"></span>al i<span class=\"_ _2\"></span>nst<span class=\"_ _2\"></span>ruments<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span>vestm<span class=\"_ _2\"></span>ent of<span class=\"_ _2\"></span> </span></span>exces<span class=\"_ _2\"></span>s liquidit<span class=\"_ _2\"></span>y.<span class=\"ls1 ws0\"> </span><table class=\"s w198 h14f\" id=\"_5a3df2b7-9fce-49e1-9a35-572cf7312972\"><tr><td class=\"c x286 y2df9 wc9 hae\"><div class=\"t m0 x1a6 ha9 y1e4c ff165 fs3a fcb sc0 ls28 ws40\">Risk <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x37a y2df9 wcb hae\"><div class=\"t m0 x1a6 ha9 y1e4c ff165 fs3a fcb sc0 ls25 wsc7\">Exposure arising from <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x37b y2df9 wcc hae\"><div class=\"t m0 x1a6 ha9 y1e4c ff165 fs3a fcb sc0 ls28 ws40\">Measureme<span class=\"_ _2\"></span>nt <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x37c y2df9 wcd hae\"><div class=\"t m0 x1a6 ha9 y1e4c ff165 fs3a fcb sc0 ls2a ws45\">Manage<span class=\"_ _2\"></span>ment <span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"t m0 x289 ha9 y2dfa ff165 fs3a fcb sc0 ls2b wsc0\">Market risk <span class=\"ff168 ls1 ws0\">\u2013</span><span class=\"ff168 ls1 ws0\"><span class=\"ff165\"> <span class=\"_ _1\"></span> </span></span></td><td class=\"c x37a y2dfb wcb he0\"><div class=\"t m0 x1a6 h88 y2374 ff167 fs3a fc2 sc0 ls23 ws4b\">Future comm<span class=\"_ _1\"></span>ercial trans<span class=\"_ _1\"></span>actions<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x37b y2dfb wcc he0\"><div class=\"t m0 x1a6 h88 y2374 ff167 fs3a fc2 sc0 ls22 ws37\">Cash flow f<span class=\"_ _1\"></span>orecasting <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x37c y2dfb wcd he0\"><div class=\"t m0 x1a6 h88 y2374 ff167 fs3a fc2 sc0 ls22 ws37\">Forward forei<span class=\"_ _1\"></span>gn exchange contrac<span class=\"_ _1\"></span>ts and cross<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls22 ws37\">currency interest rate s<span class=\"_ _1\"></span>waps</span></span><span class=\"ls1 ws0\"><span class=\"ls22 ws37\"> <span class=\"ls1 ws0\"> </span></span></span></div></td></tr><tr><td class=\"t m0 x289 ha9 y2dfc ff165 fs3a fcb sc0 ls24 ws42\">foreign exchange <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x37d h88 y2dfd ff167 fs3a fc2 sc0 ls29 ws42\">Recognise<span class=\"_ _2\"></span>d financial asse<span class=\"_ _2\"></span>ts and li<span class=\"_ _2\"></span>abilitie<span class=\"_ _2\"></span>s not </td><td class=\"t m0 x37e h88 y2dfd ff167 fs3a fc2 sc0 ls29 ws42\">Sensitivity<span class=\"_ _2\"></span> analysis <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"c x37a y2dfb wcb he0\"><div class=\"t m0 x1a6 h88 y1bec ff167 fs3a fc2 sc0 ls29 ws42\">denominated in<span class=\"_ _2\"></span> US dollar<span class=\"_ _2\"></span>s <span class=\"ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"t m0 x289 ha9 y2dfe ff165 fs3a fcb sc0 ls2b wsc0\">Market risk <span class=\"ff168 ls1 ws0\">\u2013</span><span class=\"ff168 ls1 ws0\"><span class=\"ff165\"> <span class=\"_ _1\"></span> </span></span></td><td class=\"c x37a y2dff wcb he1\"><div class=\"t m0 x1a6 h88 y2378 ff167 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls22 ws37\">term b<span class=\"_ _1\"></span>orrowings at variab<span class=\"_ _1\"></span>le rates</span></span><span class=\"ls1 ws0\"><span class=\"ls22 ws37\"> <span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x37b y2dff wcc he1\"><div class=\"t m0 x1a6 h88 y2378 ff167 fs3a fc2 sc0 ls29 ws42\">Sensitivity<span class=\"_ _2\"></span> analysis <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x37c y2dff wcd he1\"><div class=\"t m0 x1a6 h88 y2378 ff167 fs3a fc2 sc0 ls22 ws3e\">Cross<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls22 ws37\">currency interest ra<span class=\"_ _1\"></span>te swaps, interest rate s<span class=\"_ _1\"></span>waps</span></span><span class=\"ls1 ws0\"><span class=\"ls22 ws37\"><span class=\"ls1 ws0\"> </span></span></span></div></td></tr><tr><td class=\"c x286 y2dff wc9 he1\"><div class=\"t m0 x1a6 ha9 y1c65 ff165 fs3a fcb sc0 ls29 wscf\">interest rate<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x289 ha9 y2e00 ff165 fs3a fcb sc0 ls2b wsc0\">Market risk <span class=\"ff168 ls1 ws0\">\u2013</span><span class=\"ff168 ls1 ws0\"><span class=\"ff165\"> <span class=\"_ _1\"></span> </span></span></td><td class=\"c x37a y2e01 wcb he1\"><div class=\"t m0 x1a6 h88 y237a ff167 fs3a fc2 sc0 ls24 ws3a\">Changes in fuel prices<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x37b y2e01 wcc he1\"><div class=\"t m0 x1a6 h88 y237a ff167 fs3a fc2 sc0 ls22 ws37\">Cash flow f<span class=\"_ _1\"></span>orecasting <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x37c y2e01 wcd he1\"><div class=\"t m0 x1a6 h88 y237a ff167 fs3a fc2 sc0 ls24 ws3a\">Bunker surcharge clauses and bunker swaps<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x286 y2e01 wc9 he1\"><div class=\"t m0 x1a6 ha9 y1c79 ff165 fs3a fcb sc0 ls25 wsc7\">commodity price<span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"t m0 x37e h88 y2e02 ff167 fs3a fc2 sc0 ls29 ws42\">Sensitivity<span class=\"_ _2\"></span> analysis<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td class=\"t m0 x289 ha9 y2e03 ff165 fs3a fcb sc0 ls1f ws90\">Credit r<span class=\"_ _2\"></span>isk <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></td><td class=\"c x37a y2e04 wcb he2\"><div class=\"t m0 x1a6 h88 y237e ff167 fs3a fc2 sc0 ls26 ws3d\">Cash and cas<span class=\"_ _1\"></span>h equivalents, trade receiva<span class=\"_ _1\"></span>bles, derivative </div></td><td class=\"c x37b y2e04 wcc he2\"><div class=\"t m0 x1a6 h88 y237d ff167 fs3a fc2 sc0 ls29 ws42\">Ageing analysis<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x37c y2e04 wcd he2\"><div class=\"t m0 x1a6 h88 y237d ff167 fs3a fc2 sc0 ls29 ws42\">Diversificatio<span class=\"_ _2\"></span>n of bank<span class=\"_ _2\"></span> deposits,<span class=\"_ _2\"></span> credit<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls29 ws42\">limit<span class=\"_ _2\"></span>s and let<span class=\"_ _2\"></span>ters of c<span class=\"_ _2\"></span>redit</span></span><span class=\"ls1 ws0\"><span class=\"ls29 ws42\"> <span class=\"ls1 ws0\"> </span></span></span></div></td></tr><tr><td></td><td class=\"t m0 x37d h88 y2e05 ff167 fs3a fc2 sc0 ls29 ws42\">financial in<span class=\"_ _2\"></span>struments,<span class=\"_ _2\"></span> available<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls20 ws36\">for<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls25 ws3c\">sale debt instruments</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"><span class=\"ls25 ws3c\"> </span></span></span></span></td><td class=\"t m0 x37e h88 y2e06 ff167 fs3a fc2 sc0 ls23 ws4b\">Credit rati<span class=\"_ _1\"></span>ngs <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x37f h88 y2e06 ff167 fs3a fc2 sc0 ls24 ws3a\">Investment guidelines for available<span class=\"ls1 ws0\">-<span class=\"ls20 ws36\">for</span>-<span class=\"ls29 ws42\">sale and held</span>-<span class=\"ls22 ws3e\">to</span>-<span class=\"_ _1\"></span><span class=\"ls23 ws4b\">maturity inve<span class=\"_ _1\"></span>stments</span></span><span class=\"ls1 ws0\"><span class=\"ls23 ws4b\"> <span class=\"ls1 ws0\"> </span></span></span></td></tr><tr><td></td><td class=\"t m0 x37d h88 y2e07 ff167 fs3a fc2 sc0 ls24 ws3a\">and held<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls22 ws3e\">to<span class=\"ls1 ws0\">-<span class=\"ls23 ws4b\">matu<span class=\"_ _1\"></span>rity investments</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls22 ws3e\"><span class=\"ls1 ws0\"><span class=\"ls23 ws4b\"><span class=\"_ _1\"></span> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span></td><td></td><td></td></tr><tr><td class=\"t m0 x289 ha9 y2e08 ff165 fs3a fcb sc0 ls1f ws90\">Liquidit<span class=\"_ _2\"></span>y risk<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></td><td class=\"c x37a y2e09 wcb he3\"><div class=\"t m0 x1a6 h88 y2384 ff167 fs3a fc2 sc0 ls22 ws37\">Borrowings<span class=\"_ _1\"></span> and other liab<span class=\"_ _1\"></span>ilities <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x37b y2e09 wcc he3\"><div class=\"t m0 x1a6 h88 y2384 ff167 fs3a fc2 sc0 ls22 ws37\">Rolling<span class=\"_ _1\"></span> cash flow forecasts <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x37c y2e09 wcd he3\"><div class=\"t m0 x1a6 h88 y2384 ff167 fs3a fc2 sc0 ls29 ws42\">Availability o<span class=\"_ _2\"></span>f commit<span class=\"_ _2\"></span>ted cre<span class=\"_ _2\"></span>dit lines <span class=\"_ _2\"></span>and borrow<span class=\"_ _2\"></span>ing facilitie<span class=\"_ _2\"></span>s <span class=\"ls1 ws0\"> </span></div></td></tr></table>Mar<span class=\"_ _2\"></span>ket ris<span class=\"_ _2\"></span>k<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The Gr<span class=\"_ _2\"></span>oup i<span class=\"_ _2\"></span>s ex<span class=\"_ _2\"></span>posed<span class=\"_ _2\"></span> to m<span class=\"_ _2\"></span>arke<span class=\"_ _2\"></span>t risk<span class=\"_ _2\"></span>, i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>ing c<span class=\"_ _2\"></span>hange<span class=\"_ _2\"></span>s in<span class=\"_ _2\"></span> inte<span class=\"_ _2\"></span>res<span class=\"_ _2\"></span>t rat<span class=\"_ _2\"></span>es, c<span class=\"_ _2\"></span>urrenc<span class=\"_ _2\"></span>y ex<span class=\"_ _2\"></span>change<span class=\"_ _2\"></span> rat<span class=\"_ _2\"></span>es<span class=\"_ _2\"></span>, pric<span class=\"_ _2\"></span>e risk<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> bu<span class=\"_ _2\"></span>nker f<span class=\"_ _2\"></span>uel<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls48 ws92\">costs. To</span> </span>manage t<span class=\"_ _2\"></span>he<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">volatility rela<span class=\"_ _2\"></span>ting to <span class=\"_ _2\"></span>these exposures<span class=\"_ _2\"></span>, the Group<span class=\"_ _2\"></span> enters </span></span>into<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">derivative tr<span class=\"_ _2\"></span>ansactions in<span class=\"_ _2\"></span> accordance wit<span class=\"_ _2\"></span>h Group policie<span class=\"_ _2\"></span>s. The fin<span class=\"_ _2\"></span>ancial impac<span class=\"_ _2\"></span>t of these<span class=\"_ _2\"></span></span> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">i<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ume<span class=\"_ _2\"></span>nts is<span class=\"_ _2\"></span> off<span class=\"_ _2\"></span>set by<span class=\"_ _2\"></span> cor<span class=\"_ _2\"></span>respo<span class=\"_ _2\"></span>ndi<span class=\"_ _2\"></span>ng cha<span class=\"_ _2\"></span>nges<span class=\"_ _2\"></span> in <span class=\"_ _2\"></span>the u<span class=\"_ _2\"></span>nderl<span class=\"_ _2\"></span>ying<span class=\"_ _2\"></span> expo<span class=\"_ _2\"></span>sures<span class=\"_ _2\"></span> bei<span class=\"_ _2\"></span>ng hed<span class=\"_ _2\"></span>ged.<span class=\"_ _2\"></span> Deri<span class=\"_ _2\"></span>vative<span class=\"_ _2\"></span> </span></span>instr<span class=\"_ _2\"></span>ument<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> not<span class=\"_ _2\"></span> held<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span> trad<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> or s<span class=\"_ _2\"></span>pecul<span class=\"_ _2\"></span>ative<span class=\"_ _2\"></span> pu<span class=\"_ _2\"></span>rpose<span class=\"_ _2\"></span>s.<span class=\"ls1 ws0\"> </span>The Gr<span class=\"_ _2\"></span>oup a<span class=\"_ _2\"></span>naly<span class=\"_ _2\"></span>ses i<span class=\"_ _2\"></span>ts i<span class=\"_ _2\"></span>nteres<span class=\"_ _2\"></span>t r<span class=\"_ _2\"></span>ate e<span class=\"_ _2\"></span>xpos<span class=\"_ _2\"></span>ure b<span class=\"_ _2\"></span>ased <span class=\"_ _2\"></span>on se<span class=\"_ _2\"></span>nsit<span class=\"_ _2\"></span>ivit<span class=\"_ _2\"></span>y anal<span class=\"_ _2\"></span>ysis<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>Scenari<span class=\"_ _2\"></span>os a<span class=\"_ _2\"></span>re si<span class=\"_ _2\"></span>mulat<span class=\"_ _2\"></span>ed, <span class=\"_ _2\"></span>taking<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span>to con<span class=\"_ _2\"></span>side<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span><span class=\"ws4f\">on ref<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>ncing<span class=\"_ _2\"></span>, renew<span class=\"_ _2\"></span>al of<span class=\"ls1 ws0\"> <span class=\"ls2f ws75\">existing position<span class=\"_ _2\"></span>s, alternative financing </span> </span></span>and hed<span class=\"_ _2\"></span>ging<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The Group calc<span class=\"_ _2\"></span>ulates the<span class=\"_ _2\"></span> impact on profi<span class=\"_ _2\"></span>t and lo<span class=\"_ _2\"></span>ss of a defi<span class=\"_ _2\"></span>ned interest <span class=\"_ _2\"></span>rate shift.<span class=\"_ _2\"></span> At Novemb<span class=\"_ _2\"></span>er 30, 202<span class=\"_ _2\"></span><span class=\"ls1 ws0\">5<span class=\"ls49 ws78\">, <span class=\"_ _1\"></span><span class=\"ls1 ws0\">8<span class=\"ls4c ws79\">.4<span class=\"ff166 ls30 ws50\">% of<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span>\u2019s l<span class=\"_ _2\"></span>ong</span></span>-<span class=\"ls30 ws50\">term<span class=\"_ _2\"></span> debt<span class=\"_ _2\"></span> had<span class=\"_ _2\"></span> vari<span class=\"_ _2\"></span>able <span class=\"_ _2\"></span>intere<span class=\"_ _2\"></span>st<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span>s.</span> <span class=\"ls4a ws76\">For</span> <span class=\"ls31 ws53\">202</span>5<span class=\"_ _1\"></span><span class=\"ls2f ws70\">, if <span class=\"_ _2\"></span>interest r<span class=\"_ _2\"></span>ates on the </span></span></span></span>Grou<span class=\"_ _1\"></span>p\u2019s short<span class=\"ff167 ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">te<span class=\"_ _2\"></span>rm and<span class=\"_ _2\"></span> long<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span>term deb<span class=\"_ _2\"></span>t had<span class=\"_ _2\"></span> bee<span class=\"_ _2\"></span>n <span class=\"ls83 wsb2\">1%<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">high<span class=\"_ _2\"></span>er/l<span class=\"_ _2\"></span>ower w<span class=\"_ _2\"></span>ith<span class=\"_ _2\"></span> all o<span class=\"_ _2\"></span>the<span class=\"_ _2\"></span>r vari<span class=\"_ _2\"></span>ables<span class=\"_ _2\"></span> held<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>nsta<span class=\"_ _2\"></span>nt, the<span class=\"_ _2\"></span> c<span class=\"_ _2\"></span>alcul<span class=\"_ _2\"></span>ated p<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span>tax prof<span class=\"_ _2\"></span>it f<span class=\"_ _2\"></span>or t<span class=\"_ _2\"></span>he ye<span class=\"_ _2\"></span>ar wo<span class=\"_ _2\"></span>uld ha<span class=\"_ _2\"></span>ve be<span class=\"_ _2\"></span>en $<span class=\"_ _2\"></span><span class=\"ls31 ws53\">2.<span class=\"ls1 ws0\">8 <span class=\"_ _1\"></span><span class=\"ls2f ws70\">millio<span class=\"_ _2\"></span>n lower/hig<span class=\"_ _2\"></span>her, mainly <span class=\"_ _2\"></span>as a </span></span></span></span></span></span></span></span>result of hig<span class=\"_ _2\"></span>her/lower inte<span class=\"_ _2\"></span>rest expense on<span class=\"_ _2\"></span> floating<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">r<span class=\"_ _2\"></span>ate de<span class=\"_ _2\"></span>bt fo<span class=\"_ _2\"></span>r w<span class=\"_ _2\"></span>hich t<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>nteres<span class=\"_ _2\"></span>t r<span class=\"_ _2\"></span>ate h<span class=\"_ _2\"></span>as no<span class=\"_ _2\"></span>t bee<span class=\"_ _2\"></span>n he<span class=\"_ _2\"></span><span class=\"ls54 ws83\">dged.<span class=\"ls1 ws0\">  </span></span></span></span>In add<span class=\"_ _2\"></span>itio<span class=\"_ _2\"></span>n, fo<span class=\"_ _2\"></span>r bunk<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span> fuel <span class=\"_ _2\"></span>risk<span class=\"_ _2\"></span>, <span class=\"ws52\">al<span class=\"_ _2\"></span>l <span class=\"ls2f ws70\">of the contracts o<span class=\"_ _2\"></span>f affreightment<span class=\"_ _2\"></span> (CO<span class=\"ls1 ws0\">A</span></span></span><span class=\"ff166\">) ente<span class=\"_ _2\"></span>red in<span class=\"_ _2\"></span>to b<span class=\"_ _2\"></span>y the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up\u2019s T<span class=\"_ _2\"></span>anke<span class=\"_ _2\"></span>r se<span class=\"_ _2\"></span>gmen<span class=\"_ _2\"></span>t incl<span class=\"_ _2\"></span>ude p<span class=\"_ _2\"></span>rovi<span class=\"_ _2\"></span>sions<span class=\"_ _2\"></span> inte<span class=\"_ _2\"></span>nded<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> pass <span class=\"_ _2\"></span>thro<span class=\"_ _2\"></span>ugh fl<span class=\"_ _2\"></span>uctu<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span>s in <span class=\"_ _2\"></span>fuel<span class=\"_ _2\"></span> pri<span class=\"_ _2\"></span>ces to<span class=\"_ _2\"></span> cu<span class=\"_ _2\"></span>sto<span class=\"_ _2\"></span></span><span class=\"ls48 ws72\">mers. </span>The Group\u2019s policy<span class=\"_ _2\"></span> is t<span class=\"_ _2\"></span>o hedge a <span class=\"_ _2\"></span>minimum of 50<span class=\"_ _2\"></span>% of<span class=\"ff167 ls1 ws0\"> <span class=\"ls30 ws50\">expecte<span class=\"_ _2\"></span>d bu<span class=\"_ _2\"></span>nker<span class=\"_ _2\"></span> purch<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span>s wit<span class=\"_ _2\"></span>hin t<span class=\"_ _2\"></span>he n<span class=\"_ _2\"></span>ext 1<span class=\"_ _2\"></span>2 mon<span class=\"_ _2\"></span>ths t<span class=\"_ _2\"></span>hroug<span class=\"_ _2\"></span>h ei<span class=\"_ _2\"></span>ther<span class=\"_ _2\"></span> bunke<span class=\"_ _2\"></span>r surc<span class=\"_ _2\"></span>ha<span class=\"_ _2\"></span>rge<span class=\"_ _2\"></span></span> <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">cla<span class=\"_ _2\"></span>uses<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">included<span class=\"_ _2\"></span> in <span class=\"_ _2\"></span><span class=\"ls53 ws80\">the </span></span></span>COA<span class=\"ls1 ws0\">s <span class=\"_ _1\"></span><span class=\"ls30 ws50\">or <span class=\"_ _2\"></span>throug<span class=\"_ _2\"></span>h hedg<span class=\"_ _2\"></span>ing.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>For the<span class=\"_ _2\"></span> year<span class=\"_ _2\"></span>s </span></span></span></span>ended November 30, 202<span class=\"ls1 ws0\">5 <span class=\"_ _3\"></span><span class=\"ls31 ws51\">a<span class=\"_ _2\"></span>nd 202<span class=\"ls1 ws0\">4<span class=\"ls49 wsab\">, the <span class=\"ls30 ws52\">ac<span class=\"_ _2\"></span>tual<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ws50\">c<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>rage fr<span class=\"_ _2\"></span>om fl<span class=\"_ _2\"></span>uc<span class=\"_ _2\"></span>tuatio<span class=\"_ _2\"></span>ns in<span class=\"_ _2\"></span> bunk<span class=\"_ _2\"></span>er f<span class=\"_ _2\"></span>uel p<span class=\"_ _2\"></span>rice<span class=\"_ _2\"></span>s was<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls31 ws53\">49.<span class=\"_ _1\"></span><span class=\"ls1 ws0\">0<span class=\"ls30 ws50\">% a<span class=\"_ _2\"></span>nd <span class=\"ls31 ws53\">49</span></span>.2<span class=\"ls2f ws75\">%, r<span class=\"_ _1\"></span>espec<span class=\"_ _2\"></span>tively.</span></span></span></span></span></span></span></span></span></span><div class=\"t m0 ha6 ff16b fs3c fcb sc0 ls58 ws8c gs3fb\">Foreign <span class=\"_ _1\"></span><span class=\"ls84 wsd5\">exchange r<span class=\"_ _1\"></span>isk<span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 h98 ff16c fs39 fc2 sc0 ls2f ws70 gs3fc\">The Group ope<span class=\"_ _2\"></span>rates internatio<span class=\"_ _2\"></span>nally and is <span class=\"_ _2\"></span>exposed to<span class=\"_ _2\"></span> foreign exc<span class=\"_ _2\"></span>hange risk a<span class=\"_ _2\"></span>rising from v<span class=\"_ _2\"></span>arious </div><div class=\"t m0 h98 ff16c fs39 fc2 sc0 ls30 ws50 gs3fd\">currenc<span class=\"_ _2\"></span>y ex<span class=\"_ _2\"></span>pos<span class=\"_ _2\"></span>ures.<span class=\"_ _2\"></span> Most <span class=\"_ _2\"></span>of<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span><span class=\"ws52\">opera<span class=\"_ _2\"></span>ting </span>reve<span class=\"_ _2\"></span>nue ea<span class=\"_ _2\"></span>rned<span class=\"_ _2\"></span> by T<span class=\"_ _2\"></span>ank<span class=\"_ _2\"></span>ers a<span class=\"_ _2\"></span>nd Tank<span class=\"_ _2\"></span> Co<span class=\"_ _2\"></span>ntai<span class=\"_ _2\"></span>ners i<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>n US </div><div class=\"t m0 h98 ff16c fs39 fc2 sc0 ls2f ws70 gs3fe\">dollars, while<span class=\"_ _2\"></span> a signific<span class=\"_ _2\"></span>ant portion o<span class=\"_ _2\"></span>f their <span class=\"_ _2\"></span>operating expense<span class=\"_ _2\"></span>s is<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">incurre<span class=\"_ _2\"></span>d i<span class=\"_ _2\"></span>n othe<span class=\"_ _2\"></span>r c<span class=\"_ _2\"></span>urrenc<span class=\"_ _2\"></span>ies<span class=\"_ _2\"></span>, </span></span></div><div class=\"t m0 h98 ff16c fs39 fc2 sc0 ls30 ws50 gs3ff\">primar<span class=\"_ _2\"></span>ily <span class=\"_ _2\"></span>the e<span class=\"_ _2\"></span>uro,<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span><span class=\"ls2f ws75\">Philippine peso</span>,<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Singap<span class=\"_ _2\"></span>ore<span class=\"_ _2\"></span> doll<span class=\"_ _2\"></span>ar, t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>Japan<span class=\"_ _2\"></span>ese y<span class=\"_ _2\"></span>en a<span class=\"_ _2\"></span>nd the<span class=\"_ _2\"></span> Briti<span class=\"_ _2\"></span>sh<span class=\"_ _2\"></span> pou<span class=\"_ _2\"></span>nd. </div><div class=\"t m0 h98 ff16c fs39 fc2 sc0 ls30 ws50 gs400\">When <span class=\"_ _2\"></span>there <span class=\"_ _2\"></span>is<span class=\"_ _2\"></span> a mism<span class=\"_ _2\"></span>atch<span class=\"_ _2\"></span> betw<span class=\"_ _2\"></span>een <span class=\"_ _2\"></span>revenu<span class=\"_ _2\"></span>e and<span class=\"_ _2\"></span> ex<span class=\"_ _2\"></span>pense<span class=\"_ _2\"></span> cur<span class=\"_ _2\"></span>renci<span class=\"_ _2\"></span>es, a<span class=\"_ _2\"></span>ny dep<span class=\"_ _2\"></span>reci<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he </div><div class=\"t m0 h98 ff16c fs39 fc2 sc0 ls30 ws50 gs401\">revenue<span class=\"_ _2\"></span> cu<span class=\"_ _2\"></span>rrency<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>ative<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>ense c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>ncy wi<span class=\"_ _2\"></span>ll de<span class=\"_ _2\"></span>crea<span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>profi<span class=\"_ _2\"></span>t margi<span class=\"_ _2\"></span>ns.<span class=\"_ _2\"></span> In <span class=\"_ _2\"></span>additi<span class=\"_ _2\"></span>on,<span class=\"_ _2\"></span> expos<span class=\"_ _2\"></span>ure </div><div class=\"t m0 h98 ff16c fs39 fc2 sc0 ls1 ws0 gs402\">o<span class=\"ls30 ws50\">ccurs whe<span class=\"_ _2\"></span>n a m<span class=\"_ _2\"></span>embe<span class=\"_ _2\"></span>r of<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> hold<span class=\"_ _2\"></span>s acc<span class=\"_ _2\"></span>ounts<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>eivab<span class=\"_ _2\"></span>le o<span class=\"_ _2\"></span>r payab<span class=\"_ _2\"></span>le <span class=\"_ _2\"></span><span class=\"ws4f\">in a no<span class=\"_ _2\"></span>n</span></span>-<span class=\"ls30 ws52\">functio<span class=\"_ _2\"></span>nal<span class=\"_ _2\"></span> </span></div><div class=\"t m0 h98 ff16c fs39 fc2 sc0 ls30 ws52 gs403\">currenc<span class=\"_ _2\"></span>y.<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff16c fs39 fc2 sc0 ls31 ws51 gs404\">At November 30, 202<span class=\"ls1 ws0\">5<span class=\"ls30 ws50\">, prior<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he ef<span class=\"_ _2\"></span>fect<span class=\"_ _2\"></span> of hed<span class=\"_ _2\"></span>ging<span class=\"_ _2\"></span>, if<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> US d<span class=\"_ _2\"></span>ollar<span class=\"_ _2\"></span> had w<span class=\"_ _2\"></span>eake<span class=\"_ _2\"></span>ned <span class=\"_ _2\"></span>or st<span class=\"_ _2\"></span>reng<span class=\"_ _2\"></span>thene<span class=\"_ _2\"></span>d </span></span></div><div class=\"t m0 h98 ff16c fs39 fc2 sc0 ls30 ws50 gs405\">by 5%<span class=\"_ _2\"></span> again<span class=\"_ _2\"></span>st t<span class=\"_ _2\"></span>he m<span class=\"_ _2\"></span>ajor c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>es men<span class=\"_ _2\"></span>tione<span class=\"_ _2\"></span>d ab<span class=\"_ _2\"></span>ove,<span class=\"_ _2\"></span> with<span class=\"_ _2\"></span> all o<span class=\"_ _2\"></span>the<span class=\"_ _2\"></span>r vari<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span>s rem<span class=\"_ _2\"></span>aini<span class=\"_ _2\"></span>ng c<span class=\"_ _2\"></span>onsta<span class=\"_ _2\"></span>nt, </div><div class=\"t m0 h98 ff16c fs39 fc2 sc0 ls30 ws50 gs406\">the rec<span class=\"_ _2\"></span>alcu<span class=\"_ _2\"></span>late<span class=\"_ _2\"></span>d pre<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">tax profit for<span class=\"_ _2\"></span> the year wo<span class=\"_ _2\"></span>uld have bee<span class=\"_ _2\"></span>n approx<span class=\"_ _2\"></span>imately $9.4 milli<span class=\"_ _2\"></span>on</span> </span><span class=\"ws52\">highe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls47 ws71\">or </span></span></span></div><div class=\"t m0 h98 ff16c fs39 fc2 sc0 ls2f ws70 gs407\">lower, mainly d<span class=\"_ _2\"></span>ue to the ef<span class=\"_ _2\"></span>fect of<span class=\"_ _2\"></span> operating a<span class=\"_ _2\"></span>nd administrative<span class=\"_ _2\"></span> and gene<span class=\"_ _2\"></span>ral expenses, <span class=\"_ _2\"></span>net of </div><div class=\"t m0 h98 ff16c fs39 fc2 sc0 ls30 ws50 gs408\">revenue<span class=\"_ _2\"></span>s, f<span class=\"_ _2\"></span>rom<span class=\"ls1 ws0\"> </span><span class=\"ws52\">non<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span></span>US dollar<span class=\"_ _2\"></span> tra<span class=\"_ _2\"></span>nsact<span class=\"_ _2\"></span>ions<span class=\"_ _2\"></span> as we<span class=\"_ _2\"></span>ll a<span class=\"_ _2\"></span>s fore<span class=\"_ _2\"></span>ign<span class=\"_ _2\"></span> excha<span class=\"_ _2\"></span>nge g<span class=\"_ _2\"></span>ains o<span class=\"_ _2\"></span>r l<span class=\"_ _2\"></span>osses<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>the </div><div class=\"t m0 h98 ff16c fs39 fc2 sc0 ls30 ws50 gs409\">remeas<span class=\"_ _2\"></span>urem<span class=\"_ _2\"></span>ent of<span class=\"_ _2\"></span> no<span class=\"ls1 ws0\">n-<span class=\"ls2f ws70\">US dollar</span>-</span>denomin<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> acc<span class=\"_ _2\"></span>ount<span class=\"ls1 ws0\">s </span>receivab<span class=\"_ _2\"></span>le a<span class=\"_ _2\"></span>nd p<span class=\"_ _2\"></span>ayable<span class=\"_ _2\"></span> ba<span class=\"_ _2\"></span>lances<span class=\"_ _2\"></span> thro<span class=\"_ _2\"></span>ugh<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff16c fs39 fc2 sc0 ls53 ws32 gs40a\">the inc<span class=\"_ _2\"></span>ome s<span class=\"_ _2\"></span>tatem<span class=\"_ _2\"></span>ent.<span class=\"ls1 ws0\">  </span></div><div class=\"t m0 h98 ff16d fs39 fc2 sc0 ls2f ws70 gs40b\">SNL\u2019s policy is<span class=\"_ _2\"></span> to hedge <span class=\"_ _2\"></span><span class=\"ff16c ws4e\">between<span class=\"ls1 ws0\"> <span class=\"ls31 ws53\">50% <span class=\"_ _1\"></span><span class=\"ls30 ws52\">and<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ff16d ls2f ws70\">80<span class=\"_ _2\"></span>% of the <span class=\"_ _2\"></span>Group\u2019s ex<span class=\"_ _2\"></span>pected <span class=\"ff16c ls31 ws53\">12<span class=\"ls1 ws0\">-<span class=\"ls47 ws71\">mo<span class=\"_ _1\"></span>nth <span class=\"ls30 ws50\">future<span class=\"_ _2\"></span> forei<span class=\"_ _2\"></span>gn </span></span></span></span></span></span></span></span></span></span></div><div class=\"t m0 h98 ff16c fs39 fc2 sc0 ls30 ws50 gs40c\">currenc<span class=\"_ _2\"></span>y ex<span class=\"_ _2\"></span>pos<span class=\"_ _2\"></span>ure a<span class=\"_ _2\"></span>nd 10<span class=\"_ _2\"></span>0% of<span class=\"_ _2\"></span> its f<span class=\"_ _2\"></span>ut<span class=\"_ _2\"></span>ure c<span class=\"_ _2\"></span>ommi<span class=\"_ _2\"></span>tted c<span class=\"_ _2\"></span>apital<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>endi<span class=\"_ _2\"></span>ture<span class=\"_ _2\"></span>s de<span class=\"_ _2\"></span>nomina<span class=\"_ _2\"></span>ted i<span class=\"_ _2\"></span>n fo<span class=\"_ _2\"></span>reign<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff16c fs39 fc2 sc0 ls30 ws52 gs40d\">currenc<span class=\"_ _2\"></span>ies.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 ha6 ff16b fs3c fcb sc0 ls56 ws87 gs40e\">Concen<span class=\"_ _2\"></span>tration of cr<span class=\"_ _2\"></span>edit risk<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff16c fs39 fc2 sc0 ls1 ws0 gs40f\">T<span class=\"ff16d ls2f ws70\">r<span class=\"_ _1\"></span>ade<span class=\"_ _2\"></span> receivables a<span class=\"_ _2\"></span>re from cu<span class=\"_ _2\"></span>stomers acros<span class=\"_ _2\"></span>s all lines <span class=\"_ _2\"></span>of the <span class=\"_ _2\"></span>Group\u2019s busine<span class=\"_ _2\"></span>ss. The <span class=\"_ _2\"></span>Group extend<span class=\"_ _2\"></span>s </span></div><div class=\"t m0 h98 ff16c fs39 fc2 sc0 ls30 ws50 gs410\">credit<span class=\"_ _2\"></span> to i<span class=\"_ _2\"></span>ts c<span class=\"_ _2\"></span>ustom<span class=\"_ _2\"></span>ers<span class=\"_ _2\"></span> in t<span class=\"_ _2\"></span>he no<span class=\"_ _2\"></span>rmal<span class=\"_ _2\"></span> cour<span class=\"_ _2\"></span>se of<span class=\"_ _2\"></span> busi<span class=\"_ _2\"></span>nes<span class=\"_ _2\"></span>s. The<span class=\"_ _2\"></span> ma<span class=\"_ _2\"></span>ximum<span class=\"_ _2\"></span> expos<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span> to c<span class=\"_ _2\"></span>redit<span class=\"_ _2\"></span> risk<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff16c fs39 fc2 sc0 ls30 ws50 gs411\">the ne<span class=\"_ _2\"></span>t c<span class=\"_ _2\"></span>ustome<span class=\"_ _2\"></span>r acc<span class=\"_ _2\"></span>ounts<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>eivab<span class=\"_ _2\"></span>le b<span class=\"_ _2\"></span>alance<span class=\"_ _2\"></span>, c<span class=\"_ _2\"></span>ontrac<span class=\"_ _2\"></span>t a<span class=\"_ _2\"></span>ssets <span class=\"_ _2\"></span>a<span class=\"_ _2\"></span><span class=\"ws4f\">nd accr<span class=\"_ _2\"></span>ued reve<span class=\"_ _2\"></span>nue of $<span class=\"ls31 ws53\">35<span class=\"ls1 ws0\">6.6<span class=\"_ _1\"></span> </span></span></span></div><div class=\"t m0 h98 ff16c fs39 fc2 sc0 ls30 ws50 gs412\">milli<span class=\"_ _2\"></span>on and<span class=\"_ _2\"></span> cas<span class=\"_ _2\"></span>h bal<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> of $<span class=\"_ _2\"></span><span class=\"ls31 ws53\">144.6 <span class=\"_ _1\"></span><span class=\"ls2f ws70\">millio<span class=\"_ _2\"></span>n. The<span class=\"ls1 ws0\"> </span>Group regula<span class=\"_ _2\"></span>rly reviews its<span class=\"_ _2\"></span> accounts <span class=\"_ _2\"></span>receivable by </span></span></div><div class=\"t m0 h98 ff16c fs39 fc2 sc0 ls30 ws50 gs413\">perfo<span class=\"_ _2\"></span>rming<span class=\"_ _2\"></span> credi<span class=\"_ _2\"></span>t c<span class=\"_ _2\"></span>hecks<span class=\"_ _2\"></span> upon<span class=\"_ _2\"></span> ente<span class=\"_ _2\"></span>ring<span class=\"_ _2\"></span> into<span class=\"_ _2\"></span> an <span class=\"_ _2\"></span>initi<span class=\"_ _2\"></span>al s<span class=\"_ _2\"></span>ales c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ract w<span class=\"_ _2\"></span>ith<span class=\"_ _2\"></span> a cus<span class=\"_ _2\"></span>tome<span class=\"_ _2\"></span>r and<span class=\"_ _2\"></span> by<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws52\">the </span></div><div class=\"t m0 h98 ff16c fs39 fc2 sc0 ls2f ws70 gs414\">respective busines<span class=\"_ _2\"></span>s controller<span class=\"_ _2\"></span><span class=\"ls30 ws4f\">s reg<span class=\"_ _2\"></span>ularly<span class=\"_ _2\"></span> review<span class=\"_ _2\"></span>ing t<span class=\"_ _2\"></span>he days<span class=\"_ _2\"></span> past d<span class=\"_ _2\"></span>ue acco<span class=\"_ _2\"></span>unts rec<span class=\"_ _2\"></span>eivab<span class=\"_ _2\"></span>le rep<span class=\"_ _2\"></span>orts.<span class=\"_ _2\"></span> </span></div><div class=\"t m0 h98 ff16c fs39 fc2 sc0 ls2f ws70 gs415\">The majority o<span class=\"_ _2\"></span>f trade recei<span class=\"_ _2\"></span>vables a<span class=\"_ _2\"></span>re in US<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">do<span class=\"_ _2\"></span>llar<span class=\"_ _2\"></span>s.<span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 h98 ff16c fs39 fc2 sc0 ls30 ws50 gs416\">An an<span class=\"_ _2\"></span>alysi<span class=\"_ _2\"></span>s of <span class=\"_ _2\"></span>the ag<span class=\"_ _2\"></span>e o<span class=\"_ _2\"></span>f c<span class=\"_ _2\"></span>ustom<span class=\"_ _2\"></span>er tr<span class=\"_ _2\"></span>ade <span class=\"_ _2\"></span>recei<span class=\"_ _2\"></span>vable<span class=\"_ _2\"></span>s th<span class=\"_ _2\"></span>at a<span class=\"_ _2\"></span>re pas<span class=\"_ _2\"></span>t d<span class=\"_ _2\"></span>ue is<span class=\"_ _2\"></span> as f<span class=\"_ _2\"></span>ollow<span class=\"_ _2\"></span>s:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"gs417\"><table class=\"s w19b h152\" id=\"_0a49ecce-9c32-4f1e-9cd2-11679da91266\"><tr><td></td><td class=\"c x2cb y2e1c wce hb7\"><div class=\"t m0 x182 h85 y1f54 ff16b fs3b fc2 sc0 ls69 wsd6\">As of Nov<span class=\"_ _1\"></span>e<span class=\"_ _2\"></span>mber 30, 20<span class=\"ls1b ws2f\">25</span><span class=\"ls1b ws2f\"><span class=\"ls1 ws0\"> </span></span></div></td><td></td></tr><tr><td class=\"c x246 y2e1d w170 h102\"><div class=\"t m0 x245 h82 y29a6 ff16c fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2f3 h82 y29a7 ff16c fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x2cc y2e1e w20 h83\"><div class=\"t m0 x17d h85 y1f57 ff16b fs3b fc2 sc0 ls65 ws30\">Not Impaired<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e1e w2a h83\"><div class=\"t m0 x18f h85 y1f57 ff16b fs3b fc2 sc0 ls65 ws99\">Impaired<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e1f w6c h86\"><div class=\"t m0 x0 h88 y1be8 ff16c fs3a fc2 sc0 ls24 ws3b\">Current<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e1f w20 h86\"><div class=\"t m0 x180 h87 y1be8 ff16b fs3a fc2 sc0 ls21 ws35\">178,<span class=\"_ _2\"></span>780<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e1f w2a h86\"><div class=\"t m0 x193 h87 y1be8 ff16b fs3a fc2 sc0 ls27 ws3f\">31<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e20 w6c h8a\"><div class=\"t m0 x0 h88 y1c65 ff16c fs3a fc2 sc0 ls20 ws34\">Up to 3<span class=\"_ _2\"></span>0 days pa<span class=\"_ _2\"></span>st due<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e20 w20 h8a\"><div class=\"t m0 x179 h87 y1c65 ff16b fs3a fc2 sc0 ls23 ws39\">69,049<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e20 w2a h8a\"><div class=\"t m0 x177 h87 y1c65 ff16b fs3a fc2 sc0 ls21 ws35\">509<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e21 w6c h86\"><div class=\"t m0 x0 h88 y1bef ff16c fs3a fc2 sc0 ls20 ws34\">31 to 6<span class=\"_ _2\"></span>0 days <span class=\"_ _2\"></span>past due<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e21 w20 h86\"><div class=\"t m0 x179 h87 y1bef ff16b fs3a fc2 sc0 ls23 ws39\">19,962<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e21 w2a h86\"><div class=\"t m0 x177 h87 y1bef ff16b fs3a fc2 sc0 ls21 ws35\">362<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e22 w6c h86\"><div class=\"t m0 x0 h88 y1bf4 ff16c fs3a fc2 sc0 ls20 ws34\">61 to 9<span class=\"_ _2\"></span>0 days <span class=\"_ _2\"></span>past due<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e22 w20 h86\"><div class=\"t m0 x179 h87 y1bf4 ff16b fs3a fc2 sc0 ls23 ws39\">13,213<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e22 w2a h86\"><div class=\"t m0 x177 h87 y1bf4 ff16b fs3a fc2 sc0 ls21 ws35\">202<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e23 w6c h8a\"><div class=\"t m0 x0 h88 y1c3f ff16c fs3a fc2 sc0 ls24 ws3a\">Greater than 91 days past due<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e23 w20 h8a\"><div class=\"t m0 x179 h87 y1c3f ff16b fs3a fc2 sc0 ls23 ws39\">30,769<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e23 w2a h8a\"><div class=\"t m0 x179 h87 y1c3f ff16b fs3a fc2 sc0 ls23 ws39\">22,111<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2cc y2e24 w20 h8b\"><div class=\"t m0 x180 h87 y1bf4 ff16b fs3a fc2 sc0 ls21 ws35\">311,<span class=\"_ _2\"></span>773<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e24 w2a h8b\"><div class=\"t m0 x179 h87 y1bf4 ff16b fs3a fc2 sc0 ls21 ws35\">23,<span class=\"ls66 ws9d\">215</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td></tr></table></div><div class=\"gs418\"><table class=\"s w19b h151\" id=\"_6b472ffa-3036-4c7f-8178-4c8aa7a7b817\"><tr><td></td><td class=\"c x2cb y2e14 wce hbe\"><div class=\"t m0 x185 h82 y1eb6 ff16c fs3b fc2 sc0 ls1 ws32\">As of November 30, 20<span class=\"ls1b ws2f\">24</span><span class=\"ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x241 y2e15 w6c hb9\"><div class=\"t m0 x0 h82 y1c7b ff16c fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"c x2cc y2e15 w20 hb9\"><div class=\"t m0 x17a h82 y2307 ff16c fs3b fc2 sc0 ls1 ws9b\">Not Impaired<span class=\"ws0\"> </span></div></td><td class=\"c x244 y2e15 w2a hb9\"><div class=\"t m0 x183 h82 y2307 ff16c fs3b fc2 sc0 ls1d ws31\">Impaired<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e16 w6c h86\"><div class=\"t m0 x0 h88 y1bef ff16c fs3a fc2 sc0 ls24 ws3b\">Current<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e16 w20 h86\"><div class=\"t m0 x181 h88 y1bef ff16c fs3a fc2 sc0 ls20 ws36\">216,899<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e16 w2a h86\"><div class=\"t m0 x171 h88 y1bef ff16c fs3a fc2 sc0 ls20 ws36\">127<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e17 w6c h86\"><div class=\"t m0 x0 h88 y1bf4 ff16c fs3a fc2 sc0 ls20 ws34\">Up to 3<span class=\"_ _2\"></span>0 days pa<span class=\"_ _2\"></span>st due<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e17 w20 h86\"><div class=\"t m0 x183 h88 y1bf4 ff16c fs3a fc2 sc0 ls20 ws36\">60,917<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e17 w2a h86\"><div class=\"t m0 x171 h88 y1bf4 ff16c fs3a fc2 sc0 ls20 ws36\">709<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e18 w6c h8a\"><div class=\"t m0 x0 h88 y1c3f ff16c fs3a fc2 sc0 ls20 ws34\">31 to 6<span class=\"_ _2\"></span>0 days <span class=\"_ _2\"></span>past due<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e18 w20 h8a\"><div class=\"t m0 x183 h88 y1c3f ff16c fs3a fc2 sc0 ls20 ws36\">22,763<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e18 w2a h8a\"><div class=\"t m0 x171 h88 y1c3f ff16c fs3a fc2 sc0 ls20 ws36\">494<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e19 w6c h86\"><div class=\"t m0 x0 h88 y1bf4 ff16c fs3a fc2 sc0 ls20 ws34\">61 to 9<span class=\"_ _2\"></span>0 days <span class=\"_ _2\"></span>past due<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e19 w20 h86\"><div class=\"t m0 x183 h88 y1bf4 ff16c fs3a fc2 sc0 ls20 ws36\">13,106<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e19 w2a h86\"><div class=\"t m0 x171 h88 y1bf4 ff16c fs3a fc2 sc0 ls20 ws36\">323<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e1a w6c h86\"><div class=\"t m0 x0 h88 y1bfa ff16c fs3a fc2 sc0 ls24 ws3a\">Greater than 91 days past due<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e1a w20 h86\"><div class=\"t m0 x183 h88 y1bfa ff16c fs3a fc2 sc0 ls20 ws36\">31,647<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e1a w2a h86\"><div class=\"t m0 x183 h88 y1bfa ff16c fs3a fc2 sc0 ls20 ws36\">19,538<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2cc y2e1b w20 h86\"><div class=\"t m0 x181 h88 y1bf8 ff16c fs3a fc2 sc0 ls20 ws36\">345,332<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e1b w2a h86\"><div class=\"t m0 x183 h88 y1bf8 ff16c fs3a fc2 sc0 ls20 ws36\">21,191<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 h98 ff16c fs39 fc2 sc0 ls30 ws50 gs419\">No col<span class=\"_ _2\"></span>late<span class=\"_ _2\"></span>ral is<span class=\"_ _2\"></span> hel<span class=\"_ _2\"></span>d on<span class=\"_ _2\"></span> any <span class=\"_ _2\"></span>acco<span class=\"_ _2\"></span>unts <span class=\"_ _2\"></span>recei<span class=\"_ _2\"></span>vable<span class=\"_ _2\"></span>.<span class=\"_ _195\"> </span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff16c fs39 fc2 sc0 ls30 ws50 gs41a\">The onl<span class=\"_ _2\"></span>y m<span class=\"_ _2\"></span>ateri<span class=\"_ _2\"></span>al los<span class=\"_ _2\"></span>s al<span class=\"_ _2\"></span>low<span class=\"_ _2\"></span>ance he<span class=\"_ _2\"></span>ld ag<span class=\"_ _2\"></span>ains<span class=\"_ _2\"></span>t fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>assets<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>ates t<span class=\"_ _2\"></span>o tr<span class=\"_ _2\"></span>ade re<span class=\"_ _2\"></span>ceivab<span class=\"_ _2\"></span>les<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff16c fs39 fc2 sc0 ls2f ws70 gs41b\">is calculated o<span class=\"_ _2\"></span>n a lifet<span class=\"_ _2\"></span>ime expected los<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">b<span class=\"_ _2\"></span>asi<span class=\"_ _2\"></span>s. The<span class=\"_ _2\"></span>re<span class=\"ls1 ws0\"> <span class=\"ls47 ws82\">have<span class=\"_ _1\"></span> been no chan<span class=\"_ _1\"></span>ges in the esti<span class=\"_ _1\"></span>mation </span></span></span></span></div><div class=\"t m0 h98 ff16c fs39 fc2 sc0 ls30 ws50 gs41c\">techni<span class=\"_ _2\"></span>ques <span class=\"_ _2\"></span>appli<span class=\"_ _2\"></span>ed i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> calc<span class=\"_ _2\"></span>ula<span class=\"_ _2\"></span>tion o<span class=\"_ _2\"></span>f the<span class=\"_ _2\"></span> los<span class=\"_ _2\"></span>s all<span class=\"_ _2\"></span>owance<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>uring <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span><span class=\"ls2f ws4e\">year<span class=\"ls50 ws7d\">. <span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 h98 ff16c fs39 fc2 sc0 ls2f ws70 gs41d\">The allowance fo<span class=\"_ _2\"></span>r impairmen<span class=\"_ _2\"></span>t on customer<span class=\"_ _2\"></span> trade receiv<span class=\"_ _2\"></span>ables changed<span class=\"_ _2\"></span> as follows:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"gs41e\"><table class=\"s w199 h150\" id=\"_2e28477b-4bdb-41c6-8d41-407a265e5a81\"><tr><td></td><td class=\"c x2cb y2e0a wce h83\"><div class=\"t m0 x171 h82 y1bd2 ff16c fs3b fc2 sc0 ls1 ws32\">As of Nove<span class=\"ls69 wsa2\">mber 30</span><span class=\"ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2e0c w170 h10c\"><div class=\"t m0 x245 h82 y2e0b ff16c fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2f3 h82 y2e0b ff16c fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x2cc y2e0d w20 h83\"><div class=\"t m0 x177 h85 y1bd8 ff16b fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e0d w2a h83\"><div class=\"t m0 x1a0 h82 y1bd8 ff16c fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e0e w6c h93\"><div class=\"t m0 x0 h88 y23b2 ff16c fs3a fc2 sc0 ls22 ws37\">Allowance f<span class=\"_ _1\"></span>or impairment on cu<span class=\"_ _1\"></span>stomer trade <span class=\"ls28 ws0\">and accr<span class=\"_ _2\"></span>ued <span class=\"ls26 ws47\">receivables, </span></span></div><div class=\"t m0 x0 h88 y1c2d ff16c fs3a fc2 sc0 ls22 ws37\">brought f<span class=\"_ _1\"></span>orward<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x380 h87 y2e0f ff16b fs3a fc2 sc0 ls23 ws39\">21,191<span class=\"_ _195\"> </span></td><td class=\"t m0 x248 h88 y2e0f ff16c fs3a fc2 sc0 ls20 ws36\">21,278<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x241 y2e10 w6c h86\"><div class=\"t m0 x0 h88 y1bde ff16c fs3a fc2 sc0 ls2a ws45\">Impair<span class=\"_ _2\"></span>ment<span class=\"ls1 ws0\"> <span class=\"ls26 ws3d\">recognised<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span> net</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"> <span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2cc y2e10 w20 h86\"><div class=\"t m0 x185 h87 y1bde ff16b fs3a fc2 sc0 ls21 ws35\">2,50<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e10 w2a h86\"><div class=\"t m0 x184 h88 y1bde ff16c fs3a fc2 sc0 ls20 ws36\">3,112<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e11 w6c h8b\"><div class=\"t m0 x0 h88 y1c05 ff16c fs3a fc2 sc0 ls24 ws3a\">Accounts written off<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e11 w24 h8b\"><div class=\"t m0 x47 h87 y1c05 ff16b fs3a fc2 sc0 ls21 ws35\">(481)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x382 y2e12 w19a hfb\"><div class=\"t m0 x245 h88 y29ed ff16c fs3a fc2 sc0 ls20 ws36\">(3,199<span class=\"_ _195\"> </span></div><div class=\"t m0 x381 h88 y29ed ff16c fs3a fc2 sc0 ls1 ws0\">)<span class=\"_ _195\"> </span></div></td></tr><tr><td class=\"c x241 y2e13 w6c h8c\"><div class=\"t m0 x0 h87 y1c09 ff16b fs3a fc2 sc0 ls1f ws33\">Balan<span class=\"_ _2\"></span>ce at the en<span class=\"_ _2\"></span>d of th<span class=\"_ _2\"></span>e year<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e13 w20 h8c\"><div class=\"t m0 x179 h87 y1c09 ff16b fs3a fc2 sc0 ls23 ws39\">23,215<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e13 w2a h8c\"><div class=\"t m0 x183 h88 y1c09 ff16c fs3a fc2 sc0 ls20 ws36\">21,191<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table></div>The amount o<span class=\"_ _2\"></span>f the impai<span class=\"_ _2\"></span>rment allowa<span class=\"_ _2\"></span>nce on recei<span class=\"_ _2\"></span>vables is b<span class=\"_ _2\"></span>ased on the<span class=\"_ _2\"></span> age of unpaid<span class=\"_ _2\"></span> balances<span class=\"_ _2\"></span>, inform<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n abou<span class=\"_ _2\"></span>t the cur<span class=\"_ _2\"></span>rent <span class=\"ls2f ws70\">an<span class=\"_ _2\"></span>d expected futu<span class=\"_ _2\"></span>re </span><span class=\"ws50\">fin<span class=\"_ _2\"></span>ancial<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>nditi<span class=\"_ _2\"></span>on o<span class=\"_ _2\"></span>f cus<span class=\"_ _2\"></span>tomers<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>and t<span class=\"_ _2\"></span>he </span>market<span class=\"_ _2\"></span>s in<span class=\"_ _2\"></span> whic<span class=\"_ _2\"></span>h they<span class=\"_ _2\"></span> ope<span class=\"_ _2\"></span>rate<span class=\"_ _2\"></span>, and<span class=\"_ _2\"></span> othe<span class=\"_ _2\"></span>r rele<span class=\"_ _2\"></span>vant<span class=\"_ _2\"></span> inf<span class=\"_ _2\"></span>ormat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>. M<span class=\"_ _2\"></span>anagem<span class=\"_ _2\"></span>ent do<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>not be<span class=\"_ _2\"></span>lieve<span class=\"_ _2\"></span> significant risk<span class=\"_ _2\"></span> exists in<span class=\"_ _2\"></span> connection wi<span class=\"_ _2\"></span>th concentrat<span class=\"_ _2\"></span>ions of c<span class=\"_ _2\"></span>redit as of <span class=\"_ _2\"></span>November<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">30, 20<span class=\"ls1 ws0\">25<span class=\"ls30 ws50\">. There </span></span></span></span>have b<span class=\"_ _2\"></span>een <span class=\"_ _2\"></span>no sig<span class=\"_ _2\"></span>nifi<span class=\"_ _2\"></span>can<span class=\"_ _2\"></span>t cha<span class=\"_ _2\"></span>nges<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span>the im<span class=\"_ _2\"></span>pairm<span class=\"_ _2\"></span>ent <span class=\"_ _2\"></span>allow<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> <span class=\"ws52\">be<span class=\"_ _2\"></span>cause<span class=\"ls1 ws0\"> </span></span>of c<span class=\"_ _2\"></span>hange<span class=\"_ _2\"></span>s in<span class=\"_ _2\"></span> the g<span class=\"_ _2\"></span>ros<span class=\"_ _2\"></span>s carryi<span class=\"_ _2\"></span>ng am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> trade<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">r<span class=\"_ _1\"></span>ece<span class=\"_ _2\"></span>ivables.</span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws4e\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span>There<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> no si<span class=\"_ _2\"></span>gnific<span class=\"_ _2\"></span>ant<span class=\"_ _2\"></span> amo<span class=\"_ _2\"></span>unt<span class=\"_ _2\"></span>s writte<span class=\"_ _2\"></span>n o<span class=\"_ _2\"></span>ff <span class=\"ws52\">t<span class=\"_ _2\"></span>hat<span class=\"ls1 ws0\"> </span></span>are s<span class=\"_ _2\"></span>till<span class=\"_ _2\"></span> subje<span class=\"_ _2\"></span>ct <span class=\"_ _2\"></span>to enf<span class=\"_ _2\"></span>orcem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> acti<span class=\"_ _2\"></span>vity.<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span>The Gr<span class=\"_ _2\"></span>oup\u2019s<span class=\"_ _2\"></span> ca<span class=\"_ _2\"></span>sh is<span class=\"_ _2\"></span> held<span class=\"_ _2\"></span> by a<span class=\"_ _2\"></span> div<span class=\"_ _2\"></span>erse<span class=\"_ _2\"></span> group <span class=\"_ _2\"></span>of<span class=\"_ _2\"></span> financ<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> insti<span class=\"_ _2\"></span>tutio<span class=\"_ _2\"></span>ns,<span class=\"_ _2\"></span> whic<span class=\"_ _2\"></span>h is m<span class=\"_ _2\"></span>onit<span class=\"_ _2\"></span>ored<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>an annual<span class=\"_ _2\"></span> ongoing<span class=\"_ _2\"></span> <span class=\"ls31 ws51\">ba<span class=\"_ _1\"></span>sis by<span class=\"_ _2\"></span> <span class=\"ls30 ws52\">Group<span class=\"_ _2\"></span> Treasury<span class=\"_ _2\"></span>.<span class=\"_ _195\"> </span></span></span><span class=\"ls31 ws51\"><span class=\"ls30 ws52\"> </span></span><span class=\"ls31 ws51\"><span class=\"ls30 ws52\"><span class=\"ls1 ws0\"> </span></span></span>Liqui<span class=\"_ _2\"></span>di<span class=\"_ _2\"></span>ty ris<span class=\"_ _2\"></span>k<span class=\"ls1 ws0\"> </span>Cash f<span class=\"_ _2\"></span>low f<span class=\"_ _2\"></span>orec<span class=\"_ _2\"></span>asti<span class=\"_ _2\"></span>ng is<span class=\"_ _2\"></span> perf<span class=\"_ _2\"></span>orm<span class=\"_ _2\"></span>ed by <span class=\"_ _2\"></span>the op<span class=\"_ _2\"></span>era<span class=\"_ _2\"></span>ting<span class=\"_ _2\"></span> entiti<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>of th<span class=\"_ _2\"></span>e Gro<span class=\"_ _2\"></span>up and<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> aggre<span class=\"_ _2\"></span>gated<span class=\"_ _2\"></span> at t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> corporate level.<span class=\"_ _2\"></span> The <span class=\"ls49 ws78\">Gr<span class=\"_ _2\"></span>oup<span class=\"_ _2\"></span> <span class=\"ff171 ls30 ws50\">Treasury<span class=\"_ _2\"></span> depa<span class=\"_ _2\"></span>rtme<span class=\"_ _2\"></span>nt moni<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>rs rol<span class=\"_ _2\"></span>ling<span class=\"_ _2\"></span> forec<span class=\"_ _2\"></span>ast<span class=\"_ _2\"></span>s of <span class=\"_ _2\"></span>the G<span class=\"_ _2\"></span>roup\u2019<span class=\"_ _2\"></span>s li<span class=\"_ _2\"></span>quidi<span class=\"_ _2\"></span>ty </span></span>require<span class=\"_ _2\"></span>me<span class=\"_ _2\"></span>nts t<span class=\"_ _2\"></span>o ens<span class=\"_ _2\"></span>ure t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>rou<span class=\"_ _2\"></span>p has <span class=\"_ _2\"></span>suff<span class=\"_ _2\"></span>icien<span class=\"_ _2\"></span>t cas<span class=\"_ _2\"></span>h to<span class=\"_ _2\"></span> meet<span class=\"_ _2\"></span> op<span class=\"_ _2\"></span>eratio<span class=\"_ _2\"></span>nal ne<span class=\"_ _2\"></span>eds w<span class=\"_ _2\"></span>hile<span class=\"_ _2\"></span> mai<span class=\"_ _2\"></span>ntain<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> sufficient head<span class=\"_ _2\"></span>room on its<span class=\"_ _2\"></span> undrawn commit<span class=\"_ _2\"></span>ted borrowi<span class=\"_ _2\"></span>ng faciliti<span class=\"_ _2\"></span>es (see Note 2<span class=\"_ _2\"></span><span class=\"ls1 ws0\">3</span><span class=\"ws75\">) at all times<span class=\"ls1 ws0\">,<span class=\"_ _1\"></span> <span class=\"ls48 ws72\">so </span></span></span>that <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> does<span class=\"_ _2\"></span> not b<span class=\"_ _2\"></span>reac<span class=\"_ _2\"></span>h b<span class=\"_ _2\"></span>orrowi<span class=\"_ _2\"></span>ng li<span class=\"_ _2\"></span>mits<span class=\"_ _2\"></span> or c<span class=\"_ _2\"></span>oven<span class=\"_ _2\"></span>ants<span class=\"_ _2\"></span> on<span class=\"ls1 ws0\"> </span>any <span class=\"_ _2\"></span>of its<span class=\"_ _2\"></span> bo<span class=\"_ _2\"></span>rrowi<span class=\"_ _2\"></span>ng fac<span class=\"_ _2\"></span>iliti<span class=\"_ _2\"></span>es. Such <span class=\"_ _2\"></span>forec<span class=\"_ _2\"></span>asting<span class=\"_ _2\"></span> tak<span class=\"_ _2\"></span>es <span class=\"ff171\">i<span class=\"_ _2\"></span>nto c<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span>idera<span class=\"_ _2\"></span>tion <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span>\u2019s de<span class=\"_ _2\"></span>bt fi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>ing pl<span class=\"_ _2\"></span>ans,<span class=\"_ _2\"></span> cove<span class=\"_ _2\"></span>nant c<span class=\"_ _2\"></span>omp<span class=\"_ _2\"></span>lianc<span class=\"_ _2\"></span>e, </span>compl<span class=\"_ _2\"></span>iance<span class=\"_ _2\"></span> with<span class=\"_ _2\"></span> inte<span class=\"_ _2\"></span>rnal<span class=\"_ _2\"></span> bala<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> sheet<span class=\"_ _2\"></span> rati<span class=\"_ _2\"></span>o ta<span class=\"_ _2\"></span>rgets<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> certai<span class=\"_ _2\"></span>n c<span class=\"_ _2\"></span>urrenci<span class=\"_ _2\"></span>es\u2019<span class=\"_ _2\"></span> rest<span class=\"_ _2\"></span>ric<span class=\"_ _2\"></span>tions.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span><span class=\"ff170 ls1 ws0\"> <span class=\"ls49 ws78\">Grou<span class=\"_ _2\"></span>p </span></span>also reviews a<span class=\"_ _2\"></span>nd monitors<span class=\"_ _2\"></span> sensitivities.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-628": {
   "value": "The Gr<span class=\"_ _2\"></span>oup\u2019s<span class=\"_ _2\"></span> obj<span class=\"_ _2\"></span>ectiv<span class=\"_ _2\"></span>es w<span class=\"_ _2\"></span>hen ma<span class=\"_ _2\"></span>nagi<span class=\"_ _2\"></span>ng cap<span class=\"_ _2\"></span>ital<span class=\"_ _2\"></span> are <span class=\"_ _2\"></span>to s<span class=\"_ _2\"></span>afegua<span class=\"_ _2\"></span>rd t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span>\u2019s abil<span class=\"_ _2\"></span>ity <span class=\"_ _2\"></span>to c<span class=\"_ _2\"></span>onti<span class=\"_ _2\"></span>nue a<span class=\"_ _2\"></span>s a go<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> conce<span class=\"_ _2\"></span>rn<span class=\"_ _2\"></span><span class=\"ff167 ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws4f\">to prov<span class=\"_ _2\"></span>ide re<span class=\"_ _2\"></span>turns<span class=\"_ _2\"></span> for <span class=\"ls1 ws0\">s</span><span class=\"ws52\">harehold<span class=\"_ _2\"></span>ers<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws50\">and bene<span class=\"_ _2\"></span>fits <span class=\"_ _2\"></span>for ot<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span>r stak<span class=\"_ _2\"></span>ehold<span class=\"_ _2\"></span>ers<span class=\"ls1 ws0\">, </span>and to m<span class=\"_ _2\"></span>ain<span class=\"_ _2\"></span>tain </span></span></span></span>an opti<span class=\"_ _2\"></span>mal c<span class=\"_ _2\"></span>apit<span class=\"_ _2\"></span>al s<span class=\"_ _2\"></span>truc<span class=\"_ _2\"></span>ture<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span>reduc<span class=\"_ _2\"></span>e the<span class=\"_ _2\"></span> cos<span class=\"_ _2\"></span>t of c<span class=\"_ _2\"></span>apit<span class=\"_ _2\"></span>al.<span class=\"_ _195\"> </span>Capital management<span class=\"ls1 ws0\"> </span>The Gr<span class=\"_ _2\"></span>oup d<span class=\"_ _2\"></span>efi<span class=\"_ _2\"></span>nes cap<span class=\"_ _2\"></span>ital<span class=\"_ _2\"></span> as <span class=\"_ _2\"></span>net <span class=\"_ _2\"></span>debt <span class=\"_ _2\"></span>and e<span class=\"_ _2\"></span>quity<span class=\"_ _2\"></span> attr<span class=\"_ _2\"></span>ibut<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span> to eq<span class=\"_ _2\"></span>uity<span class=\"_ _2\"></span> hold<span class=\"_ _2\"></span>ers <span class=\"_ _2\"></span>of S<span class=\"_ _2\"></span>NL. T<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup\u2019s<span class=\"_ _2\"></span> objecti<span class=\"_ _2\"></span>ves<span class=\"_ _2\"></span> when m<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>aging<span class=\"_ _2\"></span> capi<span class=\"_ _2\"></span>tal <span class=\"_ _2\"></span>are t<span class=\"_ _2\"></span>o safe<span class=\"_ _2\"></span>gua<span class=\"_ _2\"></span>rd<span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">the</span> </span><span class=\"ff1f5\">Group<span class=\"_ _2\"></span>\u2019s ab<span class=\"_ _2\"></span>ility <span class=\"_ _2\"></span>to c<span class=\"_ _2\"></span>onti<span class=\"_ _2\"></span>nue a<span class=\"_ _2\"></span>s a g<span class=\"_ _2\"></span>oing<span class=\"_ _2\"></span> </span>concer<span class=\"_ _2\"></span>n to<span class=\"_ _2\"></span> provi<span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>retur<span class=\"_ _2\"></span>ns fo<span class=\"_ _2\"></span>r <span class=\"ls1 ws0\">s</span>hare<span class=\"_ _2\"></span>holde<span class=\"_ _2\"></span>rs a<span class=\"_ _2\"></span>nd be<span class=\"_ _2\"></span>nefits<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>r othe<span class=\"_ _2\"></span>r st<span class=\"_ _2\"></span>akehol<span class=\"_ _2\"></span>ders<span class=\"_ _2\"></span>, and<span class=\"_ _2\"></span> to m<span class=\"_ _2\"></span>ain<span class=\"_ _2\"></span>tain <span class=\"_ _2\"></span>an optimal<span class=\"_ _2\"></span> capi<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span> str<span class=\"_ _2\"></span>ucture<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span>red<span class=\"_ _2\"></span>uce t<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>ost of<span class=\"_ _2\"></span> capi<span class=\"_ _2\"></span>tal.<span class=\"_ _2\"></span> To m<span class=\"_ _2\"></span>aintai<span class=\"_ _2\"></span>n o<span class=\"_ _2\"></span>r ad<span class=\"_ _2\"></span>just <span class=\"_ _2\"></span>the cap<span class=\"_ _2\"></span>ita<span class=\"_ _2\"></span>l str<span class=\"_ _2\"></span>uctu<span class=\"_ _2\"></span>re, the<span class=\"ls1 ws0\"> </span><span class=\"ws50\">Group m<span class=\"_ _2\"></span>ay ad<span class=\"_ _2\"></span>jus<span class=\"_ _2\"></span>t the<span class=\"_ _2\"></span> amo<span class=\"_ _2\"></span>unt<span class=\"_ _2\"></span> of d<span class=\"_ _2\"></span>ivide<span class=\"_ _2\"></span>nds p<span class=\"_ _2\"></span>aid t<span class=\"_ _2\"></span>o <span class=\"ls1 ws0\">s</span>hare<span class=\"_ _2\"></span>holde<span class=\"_ _2\"></span>rs, re<span class=\"_ _2\"></span>tur<span class=\"_ _2\"></span>n capi<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span> to <span class=\"ls1 ws0\">s</span></span>hare<span class=\"_ _2\"></span>holde<span class=\"_ _2\"></span>rs,<span class=\"_ _2\"></span> issue<span class=\"_ _2\"></span> new s<span class=\"_ _2\"></span>hares<span class=\"_ _2\"></span>, <span class=\"ls2f ws70\">rep<span class=\"_ _2\"></span>urchase sh<span class=\"_ _2\"></span>ares or sell<span class=\"_ _2\"></span> assets to<span class=\"_ _2\"></span> reduce debt.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>The Gr<span class=\"_ _2\"></span>oup m<span class=\"_ _2\"></span>onito<span class=\"_ _2\"></span>rs c<span class=\"_ _2\"></span>apital<span class=\"_ _2\"></span> o<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> basis<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> rati<span class=\"_ _2\"></span>o of d<span class=\"_ _2\"></span>ebt <span class=\"_ _2\"></span>to t<span class=\"_ _2\"></span>angi<span class=\"_ _2\"></span>ble <span class=\"_ _2\"></span>net wo<span class=\"_ _2\"></span>rth.<span class=\"_ _2\"></span> Thi<span class=\"_ _2\"></span>s is c<span class=\"_ _2\"></span>alcul<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>d as short<span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">term a<span class=\"_ _2\"></span>nd l<span class=\"_ _2\"></span>ong</span>-<span class=\"ls2f ws70\">term deb<span class=\"_ _2\"></span>t and lease</span> <span class=\"ls2f ws70\">liabilities di<span class=\"_ _2\"></span>vided by e<span class=\"_ _2\"></span>quity attribu<span class=\"_ _2\"></span>table to equi<span class=\"_ _2\"></span>ty holders </span></span>less intangible <span class=\"_ _2\"></span>assets and<span class=\"_ _2\"></span> excluding <span class=\"_ _2\"></span>other componen<span class=\"_ _2\"></span>ts of equity.<span class=\"_ _2\"></span> The<span class=\"ls1 ws0\"> <span class=\"ff1f5 ls30 ws50\">Group<span class=\"_ _2\"></span>\u2019s m<span class=\"_ _2\"></span>anagem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> targe<span class=\"_ _2\"></span>ts </span></span>maintaining a r<span class=\"_ _2\"></span>atio of<span class=\"_ _2\"></span> debt to tan<span class=\"_ _2\"></span>gible net wor<span class=\"_ _2\"></span>th at or below<span class=\"_ _2\"></span> 1.50. <span class=\"_ _2\"></span>As of November 30<span class=\"_ _2\"></span>, 2025 a<span class=\"_ _2\"></span>nd 2024, the r<span class=\"_ _2\"></span>atio of deb<span class=\"_ _2\"></span>t to<span class=\"ls1 ws0\"> </span>equity attributable<span class=\"_ _2\"></span> to equity<span class=\"_ _2\"></span> holders of<span class=\"_ _2\"></span> SNL less <span class=\"_ _2\"></span>intangible as<span class=\"_ _2\"></span>sets and exclud<span class=\"_ _2\"></span>ing o<span class=\"_ _2\"></span>the<span class=\"_ _2\"></span>r com<span class=\"_ _2\"></span>pone<span class=\"_ _2\"></span>nts o<span class=\"_ _2\"></span>f eq<span class=\"_ _2\"></span>uity w<span class=\"_ _2\"></span>as<span class=\"ls1 ws0\"> </span><span class=\"ws52\">as<span class=\"ls1 ws0\"> <span class=\"ls4a ws76\">follows:<span class=\"_ _2\"></span></span> </span></span><table class=\"s w172 h171\" id=\"_685cab03-6b41-4539-8248-298ee7a5355e\"><tr><td></td><td class=\"c x2bd y2f53 w68 h80\"><div class=\"t m0 x171 h82 y2307 ff1f4 fs3b fc2 sc0 ls1 ws32\">As of November 30<span class=\"ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2f54 w150 h15e\"><div class=\"t m0 x245 h82 y2e0b ff1f4 fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2b9 h82 y2eab ff1f4 fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x2a2 y2f55 w48 h83\"><div class=\"t m0 x177 h85 y20ce ff1f3 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2f55 w48 h83\"><div class=\"t m0 x1a0 h82 y20ce ff1f4 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f56 w64 h86\"><div class=\"t m0 x0 h88 y1c4c ff1f4 fs3a fc2 sc0 ls22 ws3e\">Short<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls24 ws3a\">term loans, long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term debt and<span class=\"_ _2\"></span> lease l<span class=\"_ _2\"></span>iabilities</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span> </span></span></span></div></td><td class=\"c x2a2 y2f56 w48 h86\"><div class=\"t m0 x17a h87 y1c4c ff1f3 fs3a fc2 sc0 ls21 ws35\">2,60<span class=\"_ _2\"></span>1,610<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2f56 w48 h86\"><div class=\"t m0 x17b h88 y1c4c ff1f4 fs3a fc2 sc0 ls20 ws36\">2,186,783<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f57 w64 h90\"><div class=\"t m0 x0 h88 y26eb ff1f4 fs3a fc2 sc0 ls29 ws42\">Equity attribut<span class=\"_ _2\"></span>able to<span class=\"_ _2\"></span> equity h<span class=\"_ _2\"></span>olders o<span class=\"_ _2\"></span>f SNL less<span class=\"_ _2\"></span> intangible<span class=\"_ _2\"></span> assets and<span class=\"_ _2\"></span> </div><div class=\"t m0 x0 h88 y1c41 ff1f4 fs3a fc2 sc0 ls29 ws42\">goodwill and <span class=\"_ _2\"></span><span class=\"ls24 ws3a\">excluding other co<span class=\"_ _2\"></span>mponents of equity<span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x3e8 y2f59 w1ca h172\"><div class=\"t m0 x245 h87 y2f58 ff1f3 fs3a fc2 sc0 ls23 ws39\">2,490,<span class=\"_ _1\"></span>16<span class=\"_ _195\"> </span></div><div class=\"t m0 x3e7 h87 y2d34 ff1f3 fs3a fc2 sc0 ls1 ws0\">0<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x3e9 h88 y2f5a ff1f4 fs3a fc2 sc0 ls20 ws36\">2,316,743<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2f5b w64 h86\"><div class=\"t m0 x0 h87 y1bef ff1f3 fs3a fc2 sc0 ls37 ws0\">Debt to tangible<span class=\"_ _1\"></span> net worth<span class=\"ff1f7 ls1\"> </span></div></td><td class=\"c x2a2 y2f5b w48 h86\"><div class=\"t m0 x188 h87 y1bef ff1f3 fs3a fc2 sc0 ls21 ws35\">1.04<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2f5b w48 h86\"><div class=\"t m0 x177 h88 y1bef ff1f4 fs3a fc2 sc0 ls20 ws36\">0.94<span class=\"ls1 ws0\"> </span></div></td></tr></table><div class=\"t m0 h98 ff1f5 fs39 fc2 sc0 ls70 ws70 gs70d\">The debt<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>angible <span class=\"_ _2\"></span>net wo<span class=\"_ _2\"></span>rth of<span class=\"_ _2\"></span> 1.04 <span class=\"_ _2\"></span>at Novemb<span class=\"_ _2\"></span>er 30<span class=\"_ _2\"></span>, 2025<span class=\"_ _2\"></span> is in<span class=\"_ _2\"></span> line<span class=\"_ _2\"></span> with m<span class=\"_ _2\"></span>anagemen<span class=\"_ _2\"></span>t\u2019s<span class=\"ff1f4 ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1f4 fs39 fc2 sc0 ls70 ws70 gs70e\">expectatio<span class=\"_ _2\"></span>ns and<span class=\"_ _2\"></span> below <span class=\"_ _2\"></span>its t<span class=\"_ _2\"></span>arget rati<span class=\"_ _2\"></span>o of<span class=\"ls1 ws0\"> <span class=\"ls8c wse9\">1.50. </span></span></div><div class=\"t m0 h98 ff1f4 fs39 fc2 sc0 ls30 ws50 gs70f\">The Gr<span class=\"_ _2\"></span>oup h<span class=\"_ _2\"></span>as e<span class=\"_ _2\"></span>xtern<span class=\"_ _2\"></span>al re<span class=\"_ _2\"></span>str<span class=\"_ _2\"></span>ictio<span class=\"_ _2\"></span>ns on<span class=\"_ _2\"></span> its c<span class=\"_ _2\"></span>apit<span class=\"_ _2\"></span>al, w<span class=\"_ _2\"></span>hich<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> its b<span class=\"_ _2\"></span>ank co<span class=\"_ _2\"></span>ve<span class=\"_ _2\"></span>nants.<span class=\"_ _2\"></span> See<span class=\"_ _2\"></span> Note<span class=\"_ _2\"></span> 2<span class=\"ls1 ws0\">3 <span class=\"_ _1\"></span><span class=\"ls4a ws76\">f<span class=\"_ _2\"></span>or </span></span></div><div class=\"t m0 h98 ff1f4 fs39 fc2 sc0 ls2f ws70 gs710\">further details.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ls1 ws0\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-608": {
   "value": "<div class=\"t m0 ha6 ff164 fs3c fcb sc0 ls52 wsd4 gs3ee\">Mar<span class=\"_ _2\"></span>ket ris<span class=\"_ _2\"></span>k<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff167 fs39 fc2 sc0 ls30 ws50 gs3ef\">The Gr<span class=\"_ _2\"></span>oup i<span class=\"_ _2\"></span>s ex<span class=\"_ _2\"></span>posed<span class=\"_ _2\"></span> to m<span class=\"_ _2\"></span>arke<span class=\"_ _2\"></span>t risk<span class=\"_ _2\"></span>, i<span class=\"_ _2\"></span>nclud<span class=\"_ _2\"></span>ing c<span class=\"_ _2\"></span>hange<span class=\"_ _2\"></span>s in<span class=\"_ _2\"></span> inte<span class=\"_ _2\"></span>res<span class=\"_ _2\"></span>t rat<span class=\"_ _2\"></span>es, c<span class=\"_ _2\"></span>urrenc<span class=\"_ _2\"></span>y ex<span class=\"_ _2\"></span>change<span class=\"_ _2\"></span> rat<span class=\"_ _2\"></span>es<span class=\"_ _2\"></span>, pric<span class=\"_ _2\"></span>e risk<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> bu<span class=\"_ _2\"></span>nker f<span class=\"_ _2\"></span>uel<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls48 ws92\">costs. To</span> </span>manage t<span class=\"_ _2\"></span>he<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">volatility rela<span class=\"_ _2\"></span>ting to <span class=\"_ _2\"></span>these exposures<span class=\"_ _2\"></span>, the Group<span class=\"_ _2\"></span> enters </span></span></div><div class=\"t m0 h98 ff167 fs39 fc2 sc0 ls30 ws52 gs3f0\">into<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">derivative tr<span class=\"_ _2\"></span>ansactions in<span class=\"_ _2\"></span> accordance wit<span class=\"_ _2\"></span>h Group policie<span class=\"_ _2\"></span>s. The fin<span class=\"_ _2\"></span>ancial impac<span class=\"_ _2\"></span>t of these<span class=\"_ _2\"></span></span> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">i<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ume<span class=\"_ _2\"></span>nts is<span class=\"_ _2\"></span> off<span class=\"_ _2\"></span>set by<span class=\"_ _2\"></span> cor<span class=\"_ _2\"></span>respo<span class=\"_ _2\"></span>ndi<span class=\"_ _2\"></span>ng cha<span class=\"_ _2\"></span>nges<span class=\"_ _2\"></span> in <span class=\"_ _2\"></span>the u<span class=\"_ _2\"></span>nderl<span class=\"_ _2\"></span>ying<span class=\"_ _2\"></span> expo<span class=\"_ _2\"></span>sures<span class=\"_ _2\"></span> bei<span class=\"_ _2\"></span>ng hed<span class=\"_ _2\"></span>ged.<span class=\"_ _2\"></span> Deri<span class=\"_ _2\"></span>vative<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 h98 ff167 fs39 fc2 sc0 ls30 ws50 gs3f1\">instr<span class=\"_ _2\"></span>ument<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> not<span class=\"_ _2\"></span> held<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span> trad<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> or s<span class=\"_ _2\"></span>pecul<span class=\"_ _2\"></span>ative<span class=\"_ _2\"></span> pu<span class=\"_ _2\"></span>rpose<span class=\"_ _2\"></span>s.<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff167 fs39 fc2 sc0 ls30 ws50 gs3f2\">The Gr<span class=\"_ _2\"></span>oup a<span class=\"_ _2\"></span>naly<span class=\"_ _2\"></span>ses i<span class=\"_ _2\"></span>ts i<span class=\"_ _2\"></span>nteres<span class=\"_ _2\"></span>t r<span class=\"_ _2\"></span>ate e<span class=\"_ _2\"></span>xpos<span class=\"_ _2\"></span>ure b<span class=\"_ _2\"></span>ased <span class=\"_ _2\"></span>on se<span class=\"_ _2\"></span>nsit<span class=\"_ _2\"></span>ivit<span class=\"_ _2\"></span>y anal<span class=\"_ _2\"></span>ysis<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>Scenari<span class=\"_ _2\"></span>os a<span class=\"_ _2\"></span>re si<span class=\"_ _2\"></span>mulat<span class=\"_ _2\"></span>ed, <span class=\"_ _2\"></span>taking<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span>to con<span class=\"_ _2\"></span>side<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span><span class=\"ws4f\">on ref<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>ncing<span class=\"_ _2\"></span>, renew<span class=\"_ _2\"></span>al of<span class=\"ls1 ws0\"> <span class=\"ls2f ws75\">existing position<span class=\"_ _2\"></span>s, alternative financing </span> </span></span></div><div class=\"t m0 h98 ff167 fs39 fc2 sc0 ls30 ws50 gs3f3\">and hed<span class=\"_ _2\"></span>ging<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff167 fs39 fc2 sc0 ls2f ws70 gs3f4\">The Group calc<span class=\"_ _2\"></span>ulates the<span class=\"_ _2\"></span> impact on profi<span class=\"_ _2\"></span>t and lo<span class=\"_ _2\"></span>ss of a defi<span class=\"_ _2\"></span>ned interest <span class=\"_ _2\"></span>rate shift.<span class=\"_ _2\"></span> At Novemb<span class=\"_ _2\"></span>er 30, 202<span class=\"_ _2\"></span><span class=\"ls1 ws0\">5<span class=\"ls49 ws78\">, <span class=\"_ _1\"></span><span class=\"ls1 ws0\">8<span class=\"ls4c ws79\">.4<span class=\"ff166 ls30 ws50\">% of<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span>\u2019s l<span class=\"_ _2\"></span>ong</span></span>-<span class=\"ls30 ws50\">term<span class=\"_ _2\"></span> debt<span class=\"_ _2\"></span> had<span class=\"_ _2\"></span> vari<span class=\"_ _2\"></span>able <span class=\"_ _2\"></span>intere<span class=\"_ _2\"></span>st<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span>s.</span> <span class=\"ls4a ws76\">For</span> <span class=\"ls31 ws53\">202</span>5<span class=\"_ _1\"></span><span class=\"ls2f ws70\">, if <span class=\"_ _2\"></span>interest r<span class=\"_ _2\"></span>ates on the </span></span></span></span></div><div class=\"t m0 h98 ff166 fs39 fc2 sc0 ls47 ws82 gs3f5\">Grou<span class=\"_ _1\"></span>p\u2019s short<span class=\"ff167 ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">te<span class=\"_ _2\"></span>rm and<span class=\"_ _2\"></span> long<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span>term deb<span class=\"_ _2\"></span>t had<span class=\"_ _2\"></span> bee<span class=\"_ _2\"></span>n <span class=\"ls83 wsb2\">1%<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">high<span class=\"_ _2\"></span>er/l<span class=\"_ _2\"></span>ower w<span class=\"_ _2\"></span>ith<span class=\"_ _2\"></span> all o<span class=\"_ _2\"></span>the<span class=\"_ _2\"></span>r vari<span class=\"_ _2\"></span>ables<span class=\"_ _2\"></span> held<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>nsta<span class=\"_ _2\"></span>nt, the<span class=\"_ _2\"></span> c<span class=\"_ _2\"></span>alcul<span class=\"_ _2\"></span>ated p<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span>tax prof<span class=\"_ _2\"></span>it f<span class=\"_ _2\"></span>or t<span class=\"_ _2\"></span>he ye<span class=\"_ _2\"></span>ar wo<span class=\"_ _2\"></span>uld ha<span class=\"_ _2\"></span>ve be<span class=\"_ _2\"></span>en $<span class=\"_ _2\"></span><span class=\"ls31 ws53\">2.<span class=\"ls1 ws0\">8 <span class=\"_ _1\"></span><span class=\"ls2f ws70\">millio<span class=\"_ _2\"></span>n lower/hig<span class=\"_ _2\"></span>her, mainly <span class=\"_ _2\"></span>as a </span></span></span></span></span></span></span></span></div><div class=\"t m0 h98 ff167 fs39 fc2 sc0 ls2f ws70 gs3f6\">result of hig<span class=\"_ _2\"></span>her/lower inte<span class=\"_ _2\"></span>rest expense on<span class=\"_ _2\"></span> floating<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">r<span class=\"_ _2\"></span>ate de<span class=\"_ _2\"></span>bt fo<span class=\"_ _2\"></span>r w<span class=\"_ _2\"></span>hich t<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>nteres<span class=\"_ _2\"></span>t r<span class=\"_ _2\"></span>ate h<span class=\"_ _2\"></span>as no<span class=\"_ _2\"></span>t bee<span class=\"_ _2\"></span>n he<span class=\"_ _2\"></span><span class=\"ls54 ws83\">dged.<span class=\"ls1 ws0\">  </span></span></span></span></div><div class=\"t m0 h98 ff167 fs39 fc2 sc0 ls30 ws50 gs3f7\">In add<span class=\"_ _2\"></span>itio<span class=\"_ _2\"></span>n, fo<span class=\"_ _2\"></span>r bunk<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span> fuel <span class=\"_ _2\"></span>risk<span class=\"_ _2\"></span>, <span class=\"ws52\">al<span class=\"_ _2\"></span>l <span class=\"ls2f ws70\">of the contracts o<span class=\"_ _2\"></span>f affreightment<span class=\"_ _2\"></span> (CO<span class=\"ls1 ws0\">A</span></span></span><span class=\"ff166\">) ente<span class=\"_ _2\"></span>red in<span class=\"_ _2\"></span>to b<span class=\"_ _2\"></span>y the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up\u2019s T<span class=\"_ _2\"></span>anke<span class=\"_ _2\"></span>r se<span class=\"_ _2\"></span>gmen<span class=\"_ _2\"></span>t incl<span class=\"_ _2\"></span>ude p<span class=\"_ _2\"></span>rovi<span class=\"_ _2\"></span>sions<span class=\"_ _2\"></span> inte<span class=\"_ _2\"></span>nded<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> pass <span class=\"_ _2\"></span>thro<span class=\"_ _2\"></span>ugh fl<span class=\"_ _2\"></span>uctu<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span>s in <span class=\"_ _2\"></span>fuel<span class=\"_ _2\"></span> pri<span class=\"_ _2\"></span>ces to<span class=\"_ _2\"></span> cu<span class=\"_ _2\"></span>sto<span class=\"_ _2\"></span></span><span class=\"ls48 ws72\">mers. </span></div><div class=\"t m0 h98 ff166 fs39 fc2 sc0 ls2f ws70 gs3f8\">The Group\u2019s policy<span class=\"_ _2\"></span> is t<span class=\"_ _2\"></span>o hedge a <span class=\"_ _2\"></span>minimum of 50<span class=\"_ _2\"></span>% of<span class=\"ff167 ls1 ws0\"> <span class=\"ls30 ws50\">expecte<span class=\"_ _2\"></span>d bu<span class=\"_ _2\"></span>nker<span class=\"_ _2\"></span> purch<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span>s wit<span class=\"_ _2\"></span>hin t<span class=\"_ _2\"></span>he n<span class=\"_ _2\"></span>ext 1<span class=\"_ _2\"></span>2 mon<span class=\"_ _2\"></span>ths t<span class=\"_ _2\"></span>hroug<span class=\"_ _2\"></span>h ei<span class=\"_ _2\"></span>ther<span class=\"_ _2\"></span> bunke<span class=\"_ _2\"></span>r surc<span class=\"_ _2\"></span>ha<span class=\"_ _2\"></span>rge<span class=\"_ _2\"></span></span> <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">cla<span class=\"_ _2\"></span>uses<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">included<span class=\"_ _2\"></span> in <span class=\"_ _2\"></span><span class=\"ls53 ws80\">the </span></span></span>COA<span class=\"ls1 ws0\">s <span class=\"_ _1\"></span><span class=\"ls30 ws50\">or <span class=\"_ _2\"></span>throug<span class=\"_ _2\"></span>h hedg<span class=\"_ _2\"></span>ing.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>For the<span class=\"_ _2\"></span> year<span class=\"_ _2\"></span>s </span></span></span></span></div><div class=\"t m0 h98 ff167 fs39 fc2 sc0 ls31 ws51 gs3f9\">ended November 30, 202<span class=\"ls1 ws0\">5 <span class=\"_ _3\"></span><span class=\"ls31 ws51\">a<span class=\"_ _2\"></span>nd 202<span class=\"ls1 ws0\">4<span class=\"ls49 wsab\">, the <span class=\"ls30 ws52\">ac<span class=\"_ _2\"></span>tual<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ws50\">c<span class=\"_ _2\"></span>ove<span class=\"_ _2\"></span>rage fr<span class=\"_ _2\"></span>om fl<span class=\"_ _2\"></span>uc<span class=\"_ _2\"></span>tuatio<span class=\"_ _2\"></span>ns in<span class=\"_ _2\"></span> bunk<span class=\"_ _2\"></span>er f<span class=\"_ _2\"></span>uel p<span class=\"_ _2\"></span>rice<span class=\"_ _2\"></span>s was<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls31 ws53\">49.<span class=\"_ _1\"></span><span class=\"ls1 ws0\">0<span class=\"ls30 ws50\">% a<span class=\"_ _2\"></span>nd <span class=\"ls31 ws53\">49</span></span>.2<span class=\"ls2f ws75\">%, r<span class=\"_ _1\"></span>espec<span class=\"_ _2\"></span>tively.</span></span></span></span></span></span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls31 ws51\"><span class=\"ls1 ws0\"><span class=\"ls49 wsab\"><span class=\"ls30 ws52\"><span class=\"ws50\"><span class=\"ls1 ws0\"><span class=\"ls31 ws53\"><span class=\"ls1 ws0\"><span class=\"ls2f ws75\"> </span></span></span></span></span></span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls31 ws51\"><span class=\"ls1 ws0\"><span class=\"ls49 wsab\"><span class=\"ls30 ws52\"><span class=\"ws50\"><span class=\"ls1 ws0\"><span class=\"ls31 ws53\"><span class=\"ls1 ws0\"><span class=\"ls2f ws75\"><span class=\"ls1 ws0\"> </span></span></span></span></span></span></span></span></span></span></span></div>Foreign <span class=\"_ _1\"></span><span class=\"ls84 wsd5\">exchange r<span class=\"_ _1\"></span>isk<span class=\"ls1 ws0\"> </span></span>The Group ope<span class=\"_ _2\"></span>rates internatio<span class=\"_ _2\"></span>nally and is <span class=\"_ _2\"></span>exposed to<span class=\"_ _2\"></span> foreign exc<span class=\"_ _2\"></span>hange risk a<span class=\"_ _2\"></span>rising from v<span class=\"_ _2\"></span>arious currenc<span class=\"_ _2\"></span>y ex<span class=\"_ _2\"></span>pos<span class=\"_ _2\"></span>ures.<span class=\"_ _2\"></span> Most <span class=\"_ _2\"></span>of<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span><span class=\"ws52\">opera<span class=\"_ _2\"></span>ting </span>reve<span class=\"_ _2\"></span>nue ea<span class=\"_ _2\"></span>rned<span class=\"_ _2\"></span> by T<span class=\"_ _2\"></span>ank<span class=\"_ _2\"></span>ers a<span class=\"_ _2\"></span>nd Tank<span class=\"_ _2\"></span> Co<span class=\"_ _2\"></span>ntai<span class=\"_ _2\"></span>ners i<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>n US dollars, while<span class=\"_ _2\"></span> a signific<span class=\"_ _2\"></span>ant portion o<span class=\"_ _2\"></span>f their <span class=\"_ _2\"></span>operating expense<span class=\"_ _2\"></span>s is<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">incurre<span class=\"_ _2\"></span>d i<span class=\"_ _2\"></span>n othe<span class=\"_ _2\"></span>r c<span class=\"_ _2\"></span>urrenc<span class=\"_ _2\"></span>ies<span class=\"_ _2\"></span>, </span></span>primar<span class=\"_ _2\"></span>ily <span class=\"_ _2\"></span>the e<span class=\"_ _2\"></span>uro,<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span><span class=\"ls2f ws75\">Philippine peso</span>,<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Singap<span class=\"_ _2\"></span>ore<span class=\"_ _2\"></span> doll<span class=\"_ _2\"></span>ar, t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>Japan<span class=\"_ _2\"></span>ese y<span class=\"_ _2\"></span>en a<span class=\"_ _2\"></span>nd the<span class=\"_ _2\"></span> Briti<span class=\"_ _2\"></span>sh<span class=\"_ _2\"></span> pou<span class=\"_ _2\"></span>nd. When <span class=\"_ _2\"></span>there <span class=\"_ _2\"></span>is<span class=\"_ _2\"></span> a mism<span class=\"_ _2\"></span>atch<span class=\"_ _2\"></span> betw<span class=\"_ _2\"></span>een <span class=\"_ _2\"></span>revenu<span class=\"_ _2\"></span>e and<span class=\"_ _2\"></span> ex<span class=\"_ _2\"></span>pense<span class=\"_ _2\"></span> cur<span class=\"_ _2\"></span>renci<span class=\"_ _2\"></span>es, a<span class=\"_ _2\"></span>ny dep<span class=\"_ _2\"></span>reci<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he revenue<span class=\"_ _2\"></span> cu<span class=\"_ _2\"></span>rrency<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>ative<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>ense c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>ncy wi<span class=\"_ _2\"></span>ll de<span class=\"_ _2\"></span>crea<span class=\"_ _2\"></span>se <span class=\"_ _2\"></span>profi<span class=\"_ _2\"></span>t margi<span class=\"_ _2\"></span>ns.<span class=\"_ _2\"></span> In <span class=\"_ _2\"></span>additi<span class=\"_ _2\"></span>on,<span class=\"_ _2\"></span> expos<span class=\"_ _2\"></span>ure o<span class=\"ls30 ws50\">ccurs whe<span class=\"_ _2\"></span>n a m<span class=\"_ _2\"></span>embe<span class=\"_ _2\"></span>r of<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> hold<span class=\"_ _2\"></span>s acc<span class=\"_ _2\"></span>ounts<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>eivab<span class=\"_ _2\"></span>le o<span class=\"_ _2\"></span>r payab<span class=\"_ _2\"></span>le <span class=\"_ _2\"></span><span class=\"ws4f\">in a no<span class=\"_ _2\"></span>n</span></span>-<span class=\"ls30 ws52\">functio<span class=\"_ _2\"></span>nal<span class=\"_ _2\"></span> </span>currenc<span class=\"_ _2\"></span>y.<span class=\"ls1 ws0\"> </span>At November 30, 202<span class=\"ls1 ws0\">5<span class=\"ls30 ws50\">, prior<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he ef<span class=\"_ _2\"></span>fect<span class=\"_ _2\"></span> of hed<span class=\"_ _2\"></span>ging<span class=\"_ _2\"></span>, if<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> US d<span class=\"_ _2\"></span>ollar<span class=\"_ _2\"></span> had w<span class=\"_ _2\"></span>eake<span class=\"_ _2\"></span>ned <span class=\"_ _2\"></span>or st<span class=\"_ _2\"></span>reng<span class=\"_ _2\"></span>thene<span class=\"_ _2\"></span>d </span></span>by 5%<span class=\"_ _2\"></span> again<span class=\"_ _2\"></span>st t<span class=\"_ _2\"></span>he m<span class=\"_ _2\"></span>ajor c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>es men<span class=\"_ _2\"></span>tione<span class=\"_ _2\"></span>d ab<span class=\"_ _2\"></span>ove,<span class=\"_ _2\"></span> with<span class=\"_ _2\"></span> all o<span class=\"_ _2\"></span>the<span class=\"_ _2\"></span>r vari<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span>s rem<span class=\"_ _2\"></span>aini<span class=\"_ _2\"></span>ng c<span class=\"_ _2\"></span>onsta<span class=\"_ _2\"></span>nt, the rec<span class=\"_ _2\"></span>alcu<span class=\"_ _2\"></span>late<span class=\"_ _2\"></span>d pre<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">tax profit for<span class=\"_ _2\"></span> the year wo<span class=\"_ _2\"></span>uld have bee<span class=\"_ _2\"></span>n approx<span class=\"_ _2\"></span>imately $9.4 milli<span class=\"_ _2\"></span>on</span> </span><span class=\"ws52\">highe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls47 ws71\">or </span></span></span>lower, mainly d<span class=\"_ _2\"></span>ue to the ef<span class=\"_ _2\"></span>fect of<span class=\"_ _2\"></span> operating a<span class=\"_ _2\"></span>nd administrative<span class=\"_ _2\"></span> and gene<span class=\"_ _2\"></span>ral expenses, <span class=\"_ _2\"></span>net of revenue<span class=\"_ _2\"></span>s, f<span class=\"_ _2\"></span>rom<span class=\"ls1 ws0\"> </span><span class=\"ws52\">non<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span></span>US dollar<span class=\"_ _2\"></span> tra<span class=\"_ _2\"></span>nsact<span class=\"_ _2\"></span>ions<span class=\"_ _2\"></span> as we<span class=\"_ _2\"></span>ll a<span class=\"_ _2\"></span>s fore<span class=\"_ _2\"></span>ign<span class=\"_ _2\"></span> excha<span class=\"_ _2\"></span>nge g<span class=\"_ _2\"></span>ains o<span class=\"_ _2\"></span>r l<span class=\"_ _2\"></span>osses<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>the remeas<span class=\"_ _2\"></span>urem<span class=\"_ _2\"></span>ent of<span class=\"_ _2\"></span> no<span class=\"ls1 ws0\">n-<span class=\"ls2f ws70\">US dollar</span>-</span>denomin<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> acc<span class=\"_ _2\"></span>ount<span class=\"ls1 ws0\">s </span>receivab<span class=\"_ _2\"></span>le a<span class=\"_ _2\"></span>nd p<span class=\"_ _2\"></span>ayable<span class=\"_ _2\"></span> ba<span class=\"_ _2\"></span>lances<span class=\"_ _2\"></span> thro<span class=\"_ _2\"></span>ugh<span class=\"_ _2\"></span> the inc<span class=\"_ _2\"></span>ome s<span class=\"_ _2\"></span>tatem<span class=\"_ _2\"></span>ent.<span class=\"ls1 ws0\">  </span>SNL\u2019s policy is<span class=\"_ _2\"></span> to hedge <span class=\"_ _2\"></span><span class=\"ff16c ws4e\">between<span class=\"ls1 ws0\"> <span class=\"ls31 ws53\">50% <span class=\"_ _1\"></span><span class=\"ls30 ws52\">and<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ff16d ls2f ws70\">80<span class=\"_ _2\"></span>% of the <span class=\"_ _2\"></span>Group\u2019s ex<span class=\"_ _2\"></span>pected <span class=\"ff16c ls31 ws53\">12<span class=\"ls1 ws0\">-<span class=\"ls47 ws71\">mo<span class=\"_ _1\"></span>nth <span class=\"ls30 ws50\">future<span class=\"_ _2\"></span> forei<span class=\"_ _2\"></span>gn </span></span></span></span></span></span></span></span></span></span>currenc<span class=\"_ _2\"></span>y ex<span class=\"_ _2\"></span>pos<span class=\"_ _2\"></span>ure a<span class=\"_ _2\"></span>nd 10<span class=\"_ _2\"></span>0% of<span class=\"_ _2\"></span> its f<span class=\"_ _2\"></span>ut<span class=\"_ _2\"></span>ure c<span class=\"_ _2\"></span>ommi<span class=\"_ _2\"></span>tted c<span class=\"_ _2\"></span>apital<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>endi<span class=\"_ _2\"></span>ture<span class=\"_ _2\"></span>s de<span class=\"_ _2\"></span>nomina<span class=\"_ _2\"></span>ted i<span class=\"_ _2\"></span>n fo<span class=\"_ _2\"></span>reign<span class=\"_ _2\"></span> currenc<span class=\"_ _2\"></span>ies.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-609": {
   "value": "Concen<span class=\"_ _2\"></span>tration of cr<span class=\"_ _2\"></span>edit risk<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>T<span class=\"ff16d ls2f ws70\">r<span class=\"_ _1\"></span>ade<span class=\"_ _2\"></span> receivables a<span class=\"_ _2\"></span>re from cu<span class=\"_ _2\"></span>stomers acros<span class=\"_ _2\"></span>s all lines <span class=\"_ _2\"></span>of the <span class=\"_ _2\"></span>Group\u2019s busine<span class=\"_ _2\"></span>ss. The <span class=\"_ _2\"></span>Group extend<span class=\"_ _2\"></span>s </span>credit<span class=\"_ _2\"></span> to i<span class=\"_ _2\"></span>ts c<span class=\"_ _2\"></span>ustom<span class=\"_ _2\"></span>ers<span class=\"_ _2\"></span> in t<span class=\"_ _2\"></span>he no<span class=\"_ _2\"></span>rmal<span class=\"_ _2\"></span> cour<span class=\"_ _2\"></span>se of<span class=\"_ _2\"></span> busi<span class=\"_ _2\"></span>nes<span class=\"_ _2\"></span>s. The<span class=\"_ _2\"></span> ma<span class=\"_ _2\"></span>ximum<span class=\"_ _2\"></span> expos<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span> to c<span class=\"_ _2\"></span>redit<span class=\"_ _2\"></span> risk<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> the ne<span class=\"_ _2\"></span>t c<span class=\"_ _2\"></span>ustome<span class=\"_ _2\"></span>r acc<span class=\"_ _2\"></span>ounts<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>eivab<span class=\"_ _2\"></span>le b<span class=\"_ _2\"></span>alance<span class=\"_ _2\"></span>, c<span class=\"_ _2\"></span>ontrac<span class=\"_ _2\"></span>t a<span class=\"_ _2\"></span>ssets <span class=\"_ _2\"></span>a<span class=\"_ _2\"></span><span class=\"ws4f\">nd accr<span class=\"_ _2\"></span>ued reve<span class=\"_ _2\"></span>nue of $<span class=\"ls31 ws53\">35<span class=\"ls1 ws0\">6.6<span class=\"_ _1\"></span> </span></span></span>milli<span class=\"_ _2\"></span>on and<span class=\"_ _2\"></span> cas<span class=\"_ _2\"></span>h bal<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> of $<span class=\"_ _2\"></span><span class=\"ls31 ws53\">144.6 <span class=\"_ _1\"></span><span class=\"ls2f ws70\">millio<span class=\"_ _2\"></span>n. The<span class=\"ls1 ws0\"> </span>Group regula<span class=\"_ _2\"></span>rly reviews its<span class=\"_ _2\"></span> accounts <span class=\"_ _2\"></span>receivable by </span></span>perfo<span class=\"_ _2\"></span>rming<span class=\"_ _2\"></span> credi<span class=\"_ _2\"></span>t c<span class=\"_ _2\"></span>hecks<span class=\"_ _2\"></span> upon<span class=\"_ _2\"></span> ente<span class=\"_ _2\"></span>ring<span class=\"_ _2\"></span> into<span class=\"_ _2\"></span> an <span class=\"_ _2\"></span>initi<span class=\"_ _2\"></span>al s<span class=\"_ _2\"></span>ales c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ract w<span class=\"_ _2\"></span>ith<span class=\"_ _2\"></span> a cus<span class=\"_ _2\"></span>tome<span class=\"_ _2\"></span>r and<span class=\"_ _2\"></span> by<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws52\">the </span>respective busines<span class=\"_ _2\"></span>s controller<span class=\"_ _2\"></span><span class=\"ls30 ws4f\">s reg<span class=\"_ _2\"></span>ularly<span class=\"_ _2\"></span> review<span class=\"_ _2\"></span>ing t<span class=\"_ _2\"></span>he days<span class=\"_ _2\"></span> past d<span class=\"_ _2\"></span>ue acco<span class=\"_ _2\"></span>unts rec<span class=\"_ _2\"></span>eivab<span class=\"_ _2\"></span>le rep<span class=\"_ _2\"></span>orts.<span class=\"_ _2\"></span> </span>The majority o<span class=\"_ _2\"></span>f trade recei<span class=\"_ _2\"></span>vables a<span class=\"_ _2\"></span>re in US<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">do<span class=\"_ _2\"></span>llar<span class=\"_ _2\"></span>s.<span class=\"ls1 ws0\"> </span></span></span>An an<span class=\"_ _2\"></span>alysi<span class=\"_ _2\"></span>s of <span class=\"_ _2\"></span>the ag<span class=\"_ _2\"></span>e o<span class=\"_ _2\"></span>f c<span class=\"_ _2\"></span>ustom<span class=\"_ _2\"></span>er tr<span class=\"_ _2\"></span>ade <span class=\"_ _2\"></span>recei<span class=\"_ _2\"></span>vable<span class=\"_ _2\"></span>s th<span class=\"_ _2\"></span>at a<span class=\"_ _2\"></span>re pas<span class=\"_ _2\"></span>t d<span class=\"_ _2\"></span>ue is<span class=\"_ _2\"></span> as f<span class=\"_ _2\"></span>ollow<span class=\"_ _2\"></span>s:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><table class=\"s w19b h152\" id=\"_0a49ecce-9c32-4f1e-9cd2-11679da91266\"><tr><td></td><td class=\"c x2cb y2e1c wce hb7\"><div class=\"t m0 x182 h85 y1f54 ff16b fs3b fc2 sc0 ls69 wsd6\">As of Nov<span class=\"_ _1\"></span>e<span class=\"_ _2\"></span>mber 30, 20<span class=\"ls1b ws2f\">25</span><span class=\"ls1b ws2f\"><span class=\"ls1 ws0\"> </span></span></div></td><td></td></tr><tr><td class=\"c x246 y2e1d w170 h102\"><div class=\"t m0 x245 h82 y29a6 ff16c fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2f3 h82 y29a7 ff16c fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x2cc y2e1e w20 h83\"><div class=\"t m0 x17d h85 y1f57 ff16b fs3b fc2 sc0 ls65 ws30\">Not Impaired<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e1e w2a h83\"><div class=\"t m0 x18f h85 y1f57 ff16b fs3b fc2 sc0 ls65 ws99\">Impaired<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e1f w6c h86\"><div class=\"t m0 x0 h88 y1be8 ff16c fs3a fc2 sc0 ls24 ws3b\">Current<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e1f w20 h86\"><div class=\"t m0 x180 h87 y1be8 ff16b fs3a fc2 sc0 ls21 ws35\">178,<span class=\"_ _2\"></span>780<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e1f w2a h86\"><div class=\"t m0 x193 h87 y1be8 ff16b fs3a fc2 sc0 ls27 ws3f\">31<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e20 w6c h8a\"><div class=\"t m0 x0 h88 y1c65 ff16c fs3a fc2 sc0 ls20 ws34\">Up to 3<span class=\"_ _2\"></span>0 days pa<span class=\"_ _2\"></span>st due<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e20 w20 h8a\"><div class=\"t m0 x179 h87 y1c65 ff16b fs3a fc2 sc0 ls23 ws39\">69,049<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e20 w2a h8a\"><div class=\"t m0 x177 h87 y1c65 ff16b fs3a fc2 sc0 ls21 ws35\">509<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e21 w6c h86\"><div class=\"t m0 x0 h88 y1bef ff16c fs3a fc2 sc0 ls20 ws34\">31 to 6<span class=\"_ _2\"></span>0 days <span class=\"_ _2\"></span>past due<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e21 w20 h86\"><div class=\"t m0 x179 h87 y1bef ff16b fs3a fc2 sc0 ls23 ws39\">19,962<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e21 w2a h86\"><div class=\"t m0 x177 h87 y1bef ff16b fs3a fc2 sc0 ls21 ws35\">362<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e22 w6c h86\"><div class=\"t m0 x0 h88 y1bf4 ff16c fs3a fc2 sc0 ls20 ws34\">61 to 9<span class=\"_ _2\"></span>0 days <span class=\"_ _2\"></span>past due<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e22 w20 h86\"><div class=\"t m0 x179 h87 y1bf4 ff16b fs3a fc2 sc0 ls23 ws39\">13,213<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e22 w2a h86\"><div class=\"t m0 x177 h87 y1bf4 ff16b fs3a fc2 sc0 ls21 ws35\">202<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e23 w6c h8a\"><div class=\"t m0 x0 h88 y1c3f ff16c fs3a fc2 sc0 ls24 ws3a\">Greater than 91 days past due<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e23 w20 h8a\"><div class=\"t m0 x179 h87 y1c3f ff16b fs3a fc2 sc0 ls23 ws39\">30,769<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e23 w2a h8a\"><div class=\"t m0 x179 h87 y1c3f ff16b fs3a fc2 sc0 ls23 ws39\">22,111<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2cc y2e24 w20 h8b\"><div class=\"t m0 x180 h87 y1bf4 ff16b fs3a fc2 sc0 ls21 ws35\">311,<span class=\"_ _2\"></span>773<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e24 w2a h8b\"><div class=\"t m0 x179 h87 y1bf4 ff16b fs3a fc2 sc0 ls21 ws35\">23,<span class=\"ls66 ws9d\">215</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td></tr></table><table class=\"s w19b h151\" id=\"_6b472ffa-3036-4c7f-8178-4c8aa7a7b817\"><tr><td></td><td class=\"c x2cb y2e14 wce hbe\"><div class=\"t m0 x185 h82 y1eb6 ff16c fs3b fc2 sc0 ls1 ws32\">As of November 30, 20<span class=\"ls1b ws2f\">24</span><span class=\"ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x241 y2e15 w6c hb9\"><div class=\"t m0 x0 h82 y1c7b ff16c fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"c x2cc y2e15 w20 hb9\"><div class=\"t m0 x17a h82 y2307 ff16c fs3b fc2 sc0 ls1 ws9b\">Not Impaired<span class=\"ws0\"> </span></div></td><td class=\"c x244 y2e15 w2a hb9\"><div class=\"t m0 x183 h82 y2307 ff16c fs3b fc2 sc0 ls1d ws31\">Impaired<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e16 w6c h86\"><div class=\"t m0 x0 h88 y1bef ff16c fs3a fc2 sc0 ls24 ws3b\">Current<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e16 w20 h86\"><div class=\"t m0 x181 h88 y1bef ff16c fs3a fc2 sc0 ls20 ws36\">216,899<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e16 w2a h86\"><div class=\"t m0 x171 h88 y1bef ff16c fs3a fc2 sc0 ls20 ws36\">127<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e17 w6c h86\"><div class=\"t m0 x0 h88 y1bf4 ff16c fs3a fc2 sc0 ls20 ws34\">Up to 3<span class=\"_ _2\"></span>0 days pa<span class=\"_ _2\"></span>st due<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e17 w20 h86\"><div class=\"t m0 x183 h88 y1bf4 ff16c fs3a fc2 sc0 ls20 ws36\">60,917<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e17 w2a h86\"><div class=\"t m0 x171 h88 y1bf4 ff16c fs3a fc2 sc0 ls20 ws36\">709<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e18 w6c h8a\"><div class=\"t m0 x0 h88 y1c3f ff16c fs3a fc2 sc0 ls20 ws34\">31 to 6<span class=\"_ _2\"></span>0 days <span class=\"_ _2\"></span>past due<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e18 w20 h8a\"><div class=\"t m0 x183 h88 y1c3f ff16c fs3a fc2 sc0 ls20 ws36\">22,763<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e18 w2a h8a\"><div class=\"t m0 x171 h88 y1c3f ff16c fs3a fc2 sc0 ls20 ws36\">494<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e19 w6c h86\"><div class=\"t m0 x0 h88 y1bf4 ff16c fs3a fc2 sc0 ls20 ws34\">61 to 9<span class=\"_ _2\"></span>0 days <span class=\"_ _2\"></span>past due<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e19 w20 h86\"><div class=\"t m0 x183 h88 y1bf4 ff16c fs3a fc2 sc0 ls20 ws36\">13,106<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e19 w2a h86\"><div class=\"t m0 x171 h88 y1bf4 ff16c fs3a fc2 sc0 ls20 ws36\">323<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e1a w6c h86\"><div class=\"t m0 x0 h88 y1bfa ff16c fs3a fc2 sc0 ls24 ws3a\">Greater than 91 days past due<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e1a w20 h86\"><div class=\"t m0 x183 h88 y1bfa ff16c fs3a fc2 sc0 ls20 ws36\">31,647<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e1a w2a h86\"><div class=\"t m0 x183 h88 y1bfa ff16c fs3a fc2 sc0 ls20 ws36\">19,538<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2cc y2e1b w20 h86\"><div class=\"t m0 x181 h88 y1bf8 ff16c fs3a fc2 sc0 ls20 ws36\">345,332<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e1b w2a h86\"><div class=\"t m0 x183 h88 y1bf8 ff16c fs3a fc2 sc0 ls20 ws36\">21,191<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>No col<span class=\"_ _2\"></span>late<span class=\"_ _2\"></span>ral is<span class=\"_ _2\"></span> hel<span class=\"_ _2\"></span>d on<span class=\"_ _2\"></span> any <span class=\"_ _2\"></span>acco<span class=\"_ _2\"></span>unts <span class=\"_ _2\"></span>recei<span class=\"_ _2\"></span>vable<span class=\"_ _2\"></span>.<span class=\"_ _195\"> </span><span class=\"ls1 ws0\"> </span>The onl<span class=\"_ _2\"></span>y m<span class=\"_ _2\"></span>ateri<span class=\"_ _2\"></span>al los<span class=\"_ _2\"></span>s al<span class=\"_ _2\"></span>low<span class=\"_ _2\"></span>ance he<span class=\"_ _2\"></span>ld ag<span class=\"_ _2\"></span>ains<span class=\"_ _2\"></span>t fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>assets<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>ates t<span class=\"_ _2\"></span>o tr<span class=\"_ _2\"></span>ade re<span class=\"_ _2\"></span>ceivab<span class=\"_ _2\"></span>les<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span>is calculated o<span class=\"_ _2\"></span>n a lifet<span class=\"_ _2\"></span>ime expected los<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">b<span class=\"_ _2\"></span>asi<span class=\"_ _2\"></span>s. The<span class=\"_ _2\"></span>re<span class=\"ls1 ws0\"> <span class=\"ls47 ws82\">have<span class=\"_ _1\"></span> been no chan<span class=\"_ _1\"></span>ges in the esti<span class=\"_ _1\"></span>mation </span></span></span></span>techni<span class=\"_ _2\"></span>ques <span class=\"_ _2\"></span>appli<span class=\"_ _2\"></span>ed i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> calc<span class=\"_ _2\"></span>ula<span class=\"_ _2\"></span>tion o<span class=\"_ _2\"></span>f the<span class=\"_ _2\"></span> los<span class=\"_ _2\"></span>s all<span class=\"_ _2\"></span>owance<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>uring <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span><span class=\"ls2f ws4e\">year<span class=\"ls50 ws7d\">. <span class=\"ls1 ws0\"> </span></span></span>The allowance fo<span class=\"_ _2\"></span>r impairmen<span class=\"_ _2\"></span>t on customer<span class=\"_ _2\"></span> trade receiv<span class=\"_ _2\"></span>ables changed<span class=\"_ _2\"></span> as follows:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><table class=\"s w199 h150\" id=\"_2e28477b-4bdb-41c6-8d41-407a265e5a81\"><tr><td></td><td class=\"c x2cb y2e0a wce h83\"><div class=\"t m0 x171 h82 y1bd2 ff16c fs3b fc2 sc0 ls1 ws32\">As of Nove<span class=\"ls69 wsa2\">mber 30</span><span class=\"ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2e0c w170 h10c\"><div class=\"t m0 x245 h82 y2e0b ff16c fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2f3 h82 y2e0b ff16c fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x2cc y2e0d w20 h83\"><div class=\"t m0 x177 h85 y1bd8 ff16b fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e0d w2a h83\"><div class=\"t m0 x1a0 h82 y1bd8 ff16c fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e0e w6c h93\"><div class=\"t m0 x0 h88 y23b2 ff16c fs3a fc2 sc0 ls22 ws37\">Allowance f<span class=\"_ _1\"></span>or impairment on cu<span class=\"_ _1\"></span>stomer trade <span class=\"ls28 ws0\">and accr<span class=\"_ _2\"></span>ued <span class=\"ls26 ws47\">receivables, </span></span></div><div class=\"t m0 x0 h88 y1c2d ff16c fs3a fc2 sc0 ls22 ws37\">brought f<span class=\"_ _1\"></span>orward<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x380 h87 y2e0f ff16b fs3a fc2 sc0 ls23 ws39\">21,191<span class=\"_ _195\"> </span></td><td class=\"t m0 x248 h88 y2e0f ff16c fs3a fc2 sc0 ls20 ws36\">21,278<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x241 y2e10 w6c h86\"><div class=\"t m0 x0 h88 y1bde ff16c fs3a fc2 sc0 ls2a ws45\">Impair<span class=\"_ _2\"></span>ment<span class=\"ls1 ws0\"> <span class=\"ls26 ws3d\">recognised<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span> net</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"> <span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2cc y2e10 w20 h86\"><div class=\"t m0 x185 h87 y1bde ff16b fs3a fc2 sc0 ls21 ws35\">2,50<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e10 w2a h86\"><div class=\"t m0 x184 h88 y1bde ff16c fs3a fc2 sc0 ls20 ws36\">3,112<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e11 w6c h8b\"><div class=\"t m0 x0 h88 y1c05 ff16c fs3a fc2 sc0 ls24 ws3a\">Accounts written off<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e11 w24 h8b\"><div class=\"t m0 x47 h87 y1c05 ff16b fs3a fc2 sc0 ls21 ws35\">(481)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x382 y2e12 w19a hfb\"><div class=\"t m0 x245 h88 y29ed ff16c fs3a fc2 sc0 ls20 ws36\">(3,199<span class=\"_ _195\"> </span></div><div class=\"t m0 x381 h88 y29ed ff16c fs3a fc2 sc0 ls1 ws0\">)<span class=\"_ _195\"> </span></div></td></tr><tr><td class=\"c x241 y2e13 w6c h8c\"><div class=\"t m0 x0 h87 y1c09 ff16b fs3a fc2 sc0 ls1f ws33\">Balan<span class=\"_ _2\"></span>ce at the en<span class=\"_ _2\"></span>d of th<span class=\"_ _2\"></span>e year<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2e13 w20 h8c\"><div class=\"t m0 x179 h87 y1c09 ff16b fs3a fc2 sc0 ls23 ws39\">23,215<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2e13 w2a h8c\"><div class=\"t m0 x183 h88 y1c09 ff16c fs3a fc2 sc0 ls20 ws36\">21,191<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table><div class=\"t m0 h98 ff170 fs39 fc2 sc0 ls2f ws70 gs420\">The amount o<span class=\"_ _2\"></span>f the impai<span class=\"_ _2\"></span>rment allowa<span class=\"_ _2\"></span>nce on recei<span class=\"_ _2\"></span>vables is b<span class=\"_ _2\"></span>ased on the<span class=\"_ _2\"></span> age of unpaid<span class=\"_ _2\"></span> balances<span class=\"_ _2\"></span>, </div><div class=\"t m0 h98 ff170 fs39 fc2 sc0 ls30 ws4f gs421\">inform<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n abou<span class=\"_ _2\"></span>t the cur<span class=\"_ _2\"></span>rent <span class=\"ls2f ws70\">an<span class=\"_ _2\"></span>d expected futu<span class=\"_ _2\"></span>re </span><span class=\"ws50\">fin<span class=\"_ _2\"></span>ancial<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>nditi<span class=\"_ _2\"></span>on o<span class=\"_ _2\"></span>f cus<span class=\"_ _2\"></span>tomers<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>and t<span class=\"_ _2\"></span>he </span></div><div class=\"t m0 h98 ff170 fs39 fc2 sc0 ls30 ws50 gs422\">market<span class=\"_ _2\"></span>s in<span class=\"_ _2\"></span> whic<span class=\"_ _2\"></span>h they<span class=\"_ _2\"></span> ope<span class=\"_ _2\"></span>rate<span class=\"_ _2\"></span>, and<span class=\"_ _2\"></span> othe<span class=\"_ _2\"></span>r rele<span class=\"_ _2\"></span>vant<span class=\"_ _2\"></span> inf<span class=\"_ _2\"></span>ormat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>. M<span class=\"_ _2\"></span>anagem<span class=\"_ _2\"></span>ent do<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>not be<span class=\"_ _2\"></span>lieve<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff170 fs39 fc2 sc0 ls2f ws70 gs423\">significant risk<span class=\"_ _2\"></span> exists in<span class=\"_ _2\"></span> connection wi<span class=\"_ _2\"></span>th concentrat<span class=\"_ _2\"></span>ions of c<span class=\"_ _2\"></span>redit as of <span class=\"_ _2\"></span>November<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">30, 20<span class=\"ls1 ws0\">25<span class=\"ls30 ws50\">. There </span></span></span></span></div><div class=\"t m0 h98 ff170 fs39 fc2 sc0 ls30 ws50 gs424\">have b<span class=\"_ _2\"></span>een <span class=\"_ _2\"></span>no sig<span class=\"_ _2\"></span>nifi<span class=\"_ _2\"></span>can<span class=\"_ _2\"></span>t cha<span class=\"_ _2\"></span>nges<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span>the im<span class=\"_ _2\"></span>pairm<span class=\"_ _2\"></span>ent <span class=\"_ _2\"></span>allow<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> <span class=\"ws52\">be<span class=\"_ _2\"></span>cause<span class=\"ls1 ws0\"> </span></span>of c<span class=\"_ _2\"></span>hange<span class=\"_ _2\"></span>s in<span class=\"_ _2\"></span> the g<span class=\"_ _2\"></span>ros<span class=\"_ _2\"></span>s </div><div class=\"t m0 h98 ff170 fs39 fc2 sc0 ls30 ws50 gs425\">carryi<span class=\"_ _2\"></span>ng am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> trade<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">r<span class=\"_ _1\"></span>ece<span class=\"_ _2\"></span>ivables.</span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws4e\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 h98 ff170 fs39 fc2 sc0 ls30 ws50 gs426\">There<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> no si<span class=\"_ _2\"></span>gnific<span class=\"_ _2\"></span>ant<span class=\"_ _2\"></span> amo<span class=\"_ _2\"></span>unt<span class=\"_ _2\"></span>s writte<span class=\"_ _2\"></span>n o<span class=\"_ _2\"></span>ff <span class=\"ws52\">t<span class=\"_ _2\"></span>hat<span class=\"ls1 ws0\"> </span></span>are s<span class=\"_ _2\"></span>till<span class=\"_ _2\"></span> subje<span class=\"_ _2\"></span>ct <span class=\"_ _2\"></span>to enf<span class=\"_ _2\"></span>orcem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> acti<span class=\"_ _2\"></span>vity.<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff171 fs39 fc2 sc0 ls30 ws50 gs427\">The Gr<span class=\"_ _2\"></span>oup\u2019s<span class=\"_ _2\"></span> ca<span class=\"_ _2\"></span>sh is<span class=\"_ _2\"></span> held<span class=\"_ _2\"></span> by a<span class=\"_ _2\"></span> div<span class=\"_ _2\"></span>erse<span class=\"_ _2\"></span> group <span class=\"_ _2\"></span>of<span class=\"_ _2\"></span> financ<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> insti<span class=\"_ _2\"></span>tutio<span class=\"_ _2\"></span>ns,<span class=\"_ _2\"></span> whic<span class=\"_ _2\"></span>h is m<span class=\"_ _2\"></span>onit<span class=\"_ _2\"></span>ored<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>an </div><div class=\"t m0 h98 ff170 fs39 fc2 sc0 ls30 ws52 gs428\">annual<span class=\"_ _2\"></span> ongoing<span class=\"_ _2\"></span> <span class=\"ls31 ws51\">ba<span class=\"_ _1\"></span>sis by<span class=\"_ _2\"></span> <span class=\"ls30 ws52\">Group<span class=\"_ _2\"></span> Treasury<span class=\"_ _2\"></span>.<span class=\"_ _195\"> </span></span></span><span class=\"ls31 ws51\"><span class=\"ls30 ws52\"> </span></span><span class=\"ls31 ws51\"><span class=\"ls30 ws52\"><span class=\"ls1 ws0\"> </span></span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-610": {
   "value": "<div class=\"t m0 h7e ff172 fs39 fc9 sc0 ls46 ws89 gs42a\">Liqui<span class=\"_ _2\"></span>di<span class=\"_ _2\"></span>ty ris<span class=\"_ _2\"></span>k<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff170 fs39 fc2 sc0 ls30 ws50 gs42b\">Cash f<span class=\"_ _2\"></span>low f<span class=\"_ _2\"></span>orec<span class=\"_ _2\"></span>asti<span class=\"_ _2\"></span>ng is<span class=\"_ _2\"></span> perf<span class=\"_ _2\"></span>orm<span class=\"_ _2\"></span>ed by <span class=\"_ _2\"></span>the op<span class=\"_ _2\"></span>era<span class=\"_ _2\"></span>ting<span class=\"_ _2\"></span> entiti<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>of th<span class=\"_ _2\"></span>e Gro<span class=\"_ _2\"></span>up and<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> aggre<span class=\"_ _2\"></span>gated<span class=\"_ _2\"></span> at t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff170 fs39 fc2 sc0 ls2f ws70 gs42c\">corporate level.<span class=\"_ _2\"></span> The <span class=\"ls49 ws78\">Gr<span class=\"_ _2\"></span>oup<span class=\"_ _2\"></span> <span class=\"ff171 ls30 ws50\">Treasury<span class=\"_ _2\"></span> depa<span class=\"_ _2\"></span>rtme<span class=\"_ _2\"></span>nt moni<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>rs rol<span class=\"_ _2\"></span>ling<span class=\"_ _2\"></span> forec<span class=\"_ _2\"></span>ast<span class=\"_ _2\"></span>s of <span class=\"_ _2\"></span>the G<span class=\"_ _2\"></span>roup\u2019<span class=\"_ _2\"></span>s li<span class=\"_ _2\"></span>quidi<span class=\"_ _2\"></span>ty </span></span></div><div class=\"t m0 h98 ff170 fs39 fc2 sc0 ls30 ws50 gs42d\">require<span class=\"_ _2\"></span>me<span class=\"_ _2\"></span>nts t<span class=\"_ _2\"></span>o ens<span class=\"_ _2\"></span>ure t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>rou<span class=\"_ _2\"></span>p has <span class=\"_ _2\"></span>suff<span class=\"_ _2\"></span>icien<span class=\"_ _2\"></span>t cas<span class=\"_ _2\"></span>h to<span class=\"_ _2\"></span> meet<span class=\"_ _2\"></span> op<span class=\"_ _2\"></span>eratio<span class=\"_ _2\"></span>nal ne<span class=\"_ _2\"></span>eds w<span class=\"_ _2\"></span>hile<span class=\"_ _2\"></span> mai<span class=\"_ _2\"></span>ntain<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff170 fs39 fc2 sc0 ls2f ws70 gs42e\">sufficient head<span class=\"_ _2\"></span>room on its<span class=\"_ _2\"></span> undrawn commit<span class=\"_ _2\"></span>ted borrowi<span class=\"_ _2\"></span>ng faciliti<span class=\"_ _2\"></span>es (see Note 2<span class=\"_ _2\"></span><span class=\"ls1 ws0\">3</span><span class=\"ws75\">) at all times<span class=\"ls1 ws0\">,<span class=\"_ _1\"></span> <span class=\"ls48 ws72\">so </span></span></span></div><div class=\"t m0 h98 ff170 fs39 fc2 sc0 ls30 ws50 gs42f\">that <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> does<span class=\"_ _2\"></span> not b<span class=\"_ _2\"></span>reac<span class=\"_ _2\"></span>h b<span class=\"_ _2\"></span>orrowi<span class=\"_ _2\"></span>ng li<span class=\"_ _2\"></span>mits<span class=\"_ _2\"></span> or c<span class=\"_ _2\"></span>oven<span class=\"_ _2\"></span>ants<span class=\"_ _2\"></span> on<span class=\"ls1 ws0\"> </span>any <span class=\"_ _2\"></span>of its<span class=\"_ _2\"></span> bo<span class=\"_ _2\"></span>rrowi<span class=\"_ _2\"></span>ng fac<span class=\"_ _2\"></span>iliti<span class=\"_ _2\"></span>es. </div><div class=\"t m0 h98 ff170 fs39 fc2 sc0 ls30 ws50 gs430\">Such <span class=\"_ _2\"></span>forec<span class=\"_ _2\"></span>asting<span class=\"_ _2\"></span> tak<span class=\"_ _2\"></span>es <span class=\"ff171\">i<span class=\"_ _2\"></span>nto c<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span>idera<span class=\"_ _2\"></span>tion <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span>\u2019s de<span class=\"_ _2\"></span>bt fi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>ing pl<span class=\"_ _2\"></span>ans,<span class=\"_ _2\"></span> cove<span class=\"_ _2\"></span>nant c<span class=\"_ _2\"></span>omp<span class=\"_ _2\"></span>lianc<span class=\"_ _2\"></span>e, </span></div><div class=\"t m0 h98 ff171 fs39 fc2 sc0 ls30 ws50 gs431\">compl<span class=\"_ _2\"></span>iance<span class=\"_ _2\"></span> with<span class=\"_ _2\"></span> inte<span class=\"_ _2\"></span>rnal<span class=\"_ _2\"></span> bala<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> sheet<span class=\"_ _2\"></span> rati<span class=\"_ _2\"></span>o ta<span class=\"_ _2\"></span>rgets<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> certai<span class=\"_ _2\"></span>n c<span class=\"_ _2\"></span>urrenci<span class=\"_ _2\"></span>es\u2019<span class=\"_ _2\"></span> rest<span class=\"_ _2\"></span>ric<span class=\"_ _2\"></span>tions.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span><span class=\"ff170 ls1 ws0\"> <span class=\"ls49 ws78\">Grou<span class=\"_ _2\"></span>p </span></span></div><div class=\"t m0 h98 ff170 fs39 fc2 sc0 ls2f ws70 gs432\">also reviews a<span class=\"_ _2\"></span>nd monitors<span class=\"_ _2\"></span> sensitivities.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-585": {
   "value": "22<span class=\"wsba\">. Financial Instruments<span class=\"_ _2\"></span></span> Accoun<span class=\"_ _2\"></span>ting <span class=\"_ _2\"></span>poli<span class=\"_ _2\"></span>cy for f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial in<span class=\"_ _2\"></span>strum<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>IFRS<span class=\"_ _2\"></span> 9 co<span class=\"_ _2\"></span>ntai<span class=\"_ _2\"></span>ns a<span class=\"_ _2\"></span> cl<span class=\"_ _2\"></span>assif<span class=\"_ _2\"></span>icat<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>n a<span class=\"_ _2\"></span>nd me<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt ap<span class=\"_ _2\"></span>pro<span class=\"_ _2\"></span>ach<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span> fina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al as<span class=\"_ _2\"></span>set<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd li<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>itie<span class=\"_ _2\"></span>s,<span class=\"_ _2\"></span> inclu<span class=\"_ _2\"></span>ding<span class=\"_ _2\"></span> der<span class=\"_ _2\"></span>iv<span class=\"_ _2\"></span>ativ<span class=\"_ _2\"></span>e inst<span class=\"_ _2\"></span>rum<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls73 wsb6\">tha<span class=\"_ _1\"></span>t refl<span class=\"_ _1\"></span>ects<span class=\"_ _1\"></span> the b<span class=\"_ _1\"></span>usin<span class=\"_ _1\"></span>ess m<span class=\"_ _1\"></span>ode<span class=\"_ _1\"></span>l in wh<span class=\"_ _1\"></span>ich as<span class=\"_ _1\"></span>sets<span class=\"_ _1\"></span> are ma<span class=\"_ _1\"></span>nag<span class=\"_ _1\"></span>ed <span class=\"ls1 ws0\"> </span></span></span>and their ca<span class=\"_ _2\"></span>sh flow charact<span class=\"_ _2\"></span>eristics. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Under<span class=\"_ _2\"></span> IFR<span class=\"_ _2\"></span>S 9<span class=\"_ _2\"></span>, all<span class=\"_ _2\"></span> fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al i<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>um<span class=\"_ _2\"></span>ents <span class=\"_ _2\"></span>are i<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>all<span class=\"_ _2\"></span>y me<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>ed a<span class=\"_ _2\"></span>t f<span class=\"_ _2\"></span>air <span class=\"_ _2\"></span>val<span class=\"_ _2\"></span>ue. I<span class=\"_ _2\"></span>n ad<span class=\"_ _2\"></span>diti<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>, for<span class=\"_ _2\"></span> fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al assets or liabilities not<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">remea<span class=\"_ _2\"></span>sure<span class=\"_ _2\"></span>d at<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue t<span class=\"_ _2\"></span>hr<span class=\"_ _2\"></span>oug<span class=\"_ _2\"></span>h pro<span class=\"_ _2\"></span>fit <span class=\"_ _2\"></span>or l<span class=\"_ _2\"></span>oss<span class=\"_ _2\"></span>, fi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> inst<span class=\"_ _2\"></span>rum<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> </span></span>adjust<span class=\"_ _2\"></span>ed<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span> tra<span class=\"_ _2\"></span>nsac<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n co<span class=\"_ _2\"></span>sts.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span> cl<span class=\"_ _2\"></span>assif<span class=\"_ _2\"></span>ic<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> </span>of a f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al as<span class=\"_ _2\"></span>set i<span class=\"_ _2\"></span>s d<span class=\"_ _2\"></span>eterm<span class=\"_ _2\"></span>ined<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws78\">initial<span class=\"_ _2\"></span> </span>recog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on;<span class=\"_ _2\"></span> ho<span class=\"_ _2\"></span>wever<span class=\"_ _2\"></span>, if<span class=\"_ _2\"></span> cer<span class=\"_ _2\"></span>tai<span class=\"_ _2\"></span>n co<span class=\"_ _2\"></span>nditi<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>s are <span class=\"_ _2\"></span>met<span class=\"_ _2\"></span>, an<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>et m<span class=\"_ _2\"></span>ay s<span class=\"_ _2\"></span>ubse<span class=\"_ _2\"></span>quent<span class=\"_ _2\"></span>ly <span class=\"_ _2\"></span>need<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span>be recla<span class=\"_ _2\"></span>ssified.<span class=\"_ _195\"> </span>IFRS 9 contains three principal classification c<span class=\"_ _2\"></span>ategories for financial assets, based on the<span class=\"_ _2\"></span> business models under whi<span class=\"_ _2\"></span>ch they are hel<span class=\"_ _2\"></span>d:<span class=\"ls1 ws0\"> </span>Amorti<span class=\"_ _2\"></span>sed <span class=\"_ _2\"></span>cost:<span class=\"_ _2\"></span> The <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> cla<span class=\"_ _2\"></span>ssif<span class=\"_ _2\"></span>ies it<span class=\"_ _2\"></span>s fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al as<span class=\"_ _2\"></span>sets <span class=\"_ _2\"></span>at amo<span class=\"_ _2\"></span>rtis<span class=\"_ _2\"></span>ed co<span class=\"_ _2\"></span>st o<span class=\"_ _2\"></span>nly if b<span class=\"_ _2\"></span>ot<span class=\"_ _2\"></span>h of th<span class=\"_ _2\"></span>e fol<span class=\"_ _2\"></span>lowi<span class=\"_ _2\"></span>ng criteria are met: <span class=\"ls53 ws80\">(i) <span class=\"ls30 ws73\">the asset<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> held wit<span class=\"_ _2\"></span>hin a busi<span class=\"_ _2\"></span>ness<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">model<span class=\"_ _2\"></span> with the <span class=\"_ _2\"></span>objecti<span class=\"_ _2\"></span>ve of coll<span class=\"_ _2\"></span>ecting<span class=\"_ _2\"></span> the </span></span></span></span>cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>ual c<span class=\"_ _2\"></span>as<span class=\"_ _2\"></span>h fl<span class=\"_ _2\"></span>ows<span class=\"ls1 ws0\">; </span><span class=\"ws78\">and<span class=\"ls1 ws0\"> <span class=\"ls54 ws83\">(ii)</span> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">the<span class=\"_ _2\"></span> cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>ual<span class=\"_ _2\"></span> term<span class=\"_ _2\"></span>s gi<span class=\"_ _2\"></span>ve<span class=\"_ _2\"></span> rise<span class=\"_ _2\"></span> on<span class=\"_ _2\"></span> spec<span class=\"_ _2\"></span>ifi<span class=\"_ _2\"></span>ed d<span class=\"_ _2\"></span>ates t<span class=\"_ _2\"></span>o c<span class=\"_ _2\"></span>ash f<span class=\"_ _2\"></span>low<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>hat </span></span></span>are<span class=\"ls1 ws0\"> </span><span class=\"wsaa\">sole<span class=\"_ _2\"></span>ly p<span class=\"_ _2\"></span>ayme<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span> of pr<span class=\"_ _2\"></span>inc<span class=\"_ _2\"></span>ip<span class=\"_ _2\"></span>al a<span class=\"_ _2\"></span>nd i<span class=\"_ _2\"></span>nter<span class=\"_ _2\"></span>est o<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he pr<span class=\"_ _2\"></span>inci<span class=\"_ _2\"></span>pal<span class=\"_ _2\"></span> out<span class=\"_ _2\"></span>sta<span class=\"_ _2\"></span>ndin<span class=\"_ _2\"></span>g. I<span class=\"_ _2\"></span>nco<span class=\"_ _2\"></span>me fr<span class=\"_ _2\"></span>om t<span class=\"_ _2\"></span>hese<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al </span>asset<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>s inc<span class=\"_ _2\"></span>lud<span class=\"_ _2\"></span>ed i<span class=\"_ _2\"></span>n fi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>e i<span class=\"_ _2\"></span>ncome<span class=\"_ _2\"></span> usi<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>he<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">effecti<span class=\"_ _2\"></span>ve interest<span class=\"_ _2\"></span> rat<span class=\"_ _2\"></span>e method.<span class=\"_ _2\"></span> Th<span class=\"ff175\">e Gro<span class=\"_ _2\"></span>up\u2019s a<span class=\"_ _2\"></span>sset</span><span class=\"ls47 ws71\">s </span></span></span>measured at amortised cost include trade and other receivables, cash and cash equivalent<span class=\"_ _2\"></span>s and adva<span class=\"_ _2\"></span>nces<span class=\"_ _2\"></span> fr<span class=\"_ _2\"></span>om joi<span class=\"_ _2\"></span>nt <span class=\"_ _2\"></span>vent<span class=\"_ _2\"></span>ures<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>ocia<span class=\"_ _2\"></span>tes.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Fair<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue t<span class=\"_ _2\"></span>hrou<span class=\"_ _2\"></span>gh ot<span class=\"_ _2\"></span>her<span class=\"_ _2\"></span> comp<span class=\"_ _2\"></span>reh<span class=\"_ _2\"></span>ensi<span class=\"_ _2\"></span>ve i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e (F<span class=\"_ _2\"></span>VTOC<span class=\"_ _2\"></span>I):<span class=\"_ _2\"></span> Asse<span class=\"_ _2\"></span>ts t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> held<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>r col<span class=\"_ _2\"></span>le<span class=\"_ _2\"></span>ctio<span class=\"_ _2\"></span>n of<span class=\"_ _2\"></span> contractual ca<span class=\"_ _2\"></span>sh flows a<span class=\"_ _2\"></span>nd for future s<span class=\"_ _2\"></span>ales, where t<span class=\"_ _2\"></span>he <span class=\"ff175 ls63 ws73\">ass<span class=\"_ _2\"></span>ets<span class=\"_ _2\"></span>\u2019 cas<span class=\"_ _2\"></span>h flo<span class=\"_ _2\"></span>ws rep<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>sent<span class=\"_ _2\"></span> sol<span class=\"_ _2\"></span>ely p<span class=\"_ _2\"></span>ayme<span class=\"_ _2\"></span>nts o<span class=\"_ _2\"></span>f </span>prin<span class=\"_ _1\"></span>cipa<span class=\"_ _1\"></span>l and in<span class=\"_ _1\"></span>terest<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>and d<span class=\"_ _1\"></span>ividen<span class=\"_ _1\"></span>ds, are<span class=\"_ _1\"></span> measu<span class=\"_ _1\"></span>red at fa<span class=\"_ _1\"></span>ir value<span class=\"_ _1\"></span> throug<span class=\"_ _1\"></span>h other c<span class=\"_ _1\"></span>ompreh<span class=\"_ _1\"></span>ensiv<span class=\"_ _1\"></span>e inco<span class=\"_ _1\"></span>me.<span class=\"ls1 ws0\">  </span>Fair <span class=\"_ _2\"></span>value t<span class=\"_ _2\"></span>hroug<span class=\"_ _2\"></span>h profi<span class=\"_ _2\"></span>t or l<span class=\"_ _2\"></span>oss (<span class=\"_ _2\"></span>FVTPL):<span class=\"_ _2\"></span> As<span class=\"_ _2\"></span>sets t<span class=\"_ _2\"></span>hat d<span class=\"_ _2\"></span>o not <span class=\"_ _2\"></span>meet <span class=\"_ _2\"></span>the c<span class=\"_ _2\"></span>riteri<span class=\"_ _2\"></span>a for <span class=\"_ _2\"></span>amort<span class=\"_ _2\"></span>ised c<span class=\"_ _2\"></span>ost <span class=\"_ _2\"></span><span class=\"ls1\"> </span>or FVTOCI are m<span class=\"_ _2\"></span>easured at <span class=\"ls4b ws77\">F<span class=\"_ _2\"></span>VTP<span class=\"_ _2\"></span>L.<span class=\"_ _195\"> </span></span>(i) Impa<span class=\"_ _2\"></span>irme<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>As requir<span class=\"_ _2\"></span>ed by I<span class=\"_ _2\"></span>FRS 9, t<span class=\"_ _2\"></span>he Group <span class=\"_ _2\"></span>adopted <span class=\"_ _2\"></span>an <span class=\"ff175 ls1 ws0\">\u2018</span><span class=\"ls2f ws2f\">expected credit l<span class=\"_ _2\"></span>oss model<span class=\"ff175 ls49 ws78\">\u2019,<span class=\"_ _2\"></span></span><span class=\"ls1 ws0\"> </span></span>which requir<span class=\"_ _2\"></span>es the <span class=\"_ _2\"></span>Group to account for exp<span class=\"_ _2\"></span>ected credit lo<span class=\"_ _2\"></span>sses and c<span class=\"_ _2\"></span>hanges in<span class=\"ls1 ws0\"> <span class=\"ls4b ws77\">those<span class=\"_ _2\"></span></span> </span>expected credit los<span class=\"_ _2\"></span>ses at each yea<span class=\"_ _2\"></span>r end or half<span class=\"ls1 ws0\"> </span><span class=\"wsaa\">ye<span class=\"_ _2\"></span>ar to<span class=\"_ _2\"></span> ref<span class=\"_ _2\"></span>lect<span class=\"_ _2\"></span> ch<span class=\"_ _2\"></span>anges<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> cre<span class=\"_ _2\"></span>dit r<span class=\"_ _2\"></span>isk <span class=\"_ _2\"></span>sinc<span class=\"_ _2\"></span>e i<span class=\"_ _2\"></span>nitial<span class=\"_ _2\"></span> re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on. I<span class=\"_ _2\"></span>n o<span class=\"_ _2\"></span>ther<span class=\"_ _2\"></span> word<span class=\"_ _2\"></span>s,<span class=\"_ _2\"></span> it i<span class=\"_ _2\"></span>s no<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>nger<span class=\"_ _2\"></span> </span>necessary for a<span class=\"_ _2\"></span> credit event t<span class=\"_ _2\"></span>o have <span class=\"_ _2\"></span>occurred before c<span class=\"_ _2\"></span>redit lo<span class=\"_ _2\"></span>sses are recogni<span class=\"_ _2\"></span>sed. Credit lo<span class=\"_ _2\"></span>sses are calc<span class=\"_ _2\"></span>ulat<span class=\"_ _2\"></span>ed as<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls61 ws89\">the<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">pres<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue o<span class=\"_ _2\"></span>f the<span class=\"_ _2\"></span> dif<span class=\"_ _2\"></span>fere<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> bet<span class=\"_ _2\"></span>wee<span class=\"_ _2\"></span>n all<span class=\"_ _2\"></span></span> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>rac<span class=\"_ _2\"></span>tual c<span class=\"_ _2\"></span>as<span class=\"_ _2\"></span>h fl<span class=\"_ _2\"></span>ows t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> are <span class=\"_ _2\"></span>due<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> </span></span></span></span>all c<span class=\"ls48 ws32\">ash fl<span class=\"_ _2\"></span>ows that t<span class=\"_ _2\"></span>he entit<span class=\"_ _2\"></span>y expe<span class=\"_ _2\"></span>cts to r<span class=\"_ _2\"></span>eceive. E<span class=\"_ _2\"></span>xpected<span class=\"_ _2\"></span> credit l<span class=\"_ _2\"></span>osses a<span class=\"_ _2\"></span>re the<span class=\"_ _2\"></span> sum of <span class=\"_ _2\"></span>all pos<span class=\"_ _2\"></span>sible </span>credit losses, weighted by their probability of occurrence.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The <span class=\"ff175 ls1 ws0\">\u2018<span class=\"_ _1\"></span><span class=\"ff174 ls54 ws83\">12<span class=\"ls1 ws0\">-<span class=\"ls2f ws2f\">month expected<span class=\"_ _2\"></span> credit losses<span class=\"_ _2\"></span></span><span class=\"ff175\">\u2019</span> <span class=\"_ _1\"></span><span class=\"ls54 ws70\">approach is applied to all f<span class=\"_ _2\"></span>inancial assets with the exception of </span></span></span></span>trade receivable<span class=\"_ _2\"></span>s and advance<span class=\"_ _2\"></span>s to<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">joint<span class=\"_ _2\"></span> vent<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>s. Bo<span class=\"_ _2\"></span>th</span> <span class=\"ls49 wsaa\">the<span class=\"_ _2\"></span>se a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span> cl<span class=\"_ _2\"></span>ass<span class=\"_ _2\"></span>es ge<span class=\"_ _2\"></span>ner<span class=\"_ _2\"></span>ally d<span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>not c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ain <span class=\"_ _2\"></span>a </span></span>significant financing component. For these assets, the Gro<span class=\"_ _2\"></span>up applies the simplified approach permitted by<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls54 ws70\">IFRS 9<span class=\"_ _2\"></span>, which requires expected lifetime losses to<span class=\"_ _2\"></span> be recognised from initial reco<span class=\"ls49 ws78\">g<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on </span></span></span>of th<span class=\"_ _2\"></span>e re<span class=\"_ _2\"></span>cei<span class=\"_ _2\"></span>vabl<span class=\"_ _2\"></span>es, <span class=\"_ _2\"></span>net <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>any <span class=\"_ _2\"></span>allo<span class=\"_ _2\"></span>wance<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>sses.<span class=\"_ _2\"></span> Th<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> </span>allo<span class=\"_ _2\"></span>wance<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss me<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt i<span class=\"_ _2\"></span>s de<span class=\"_ _2\"></span>termi<span class=\"_ _2\"></span>ned<span class=\"_ _2\"></span> by apply<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> a si<span class=\"ls54 ws70\">mplified approach equalling the<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">lifetime expe<span class=\"_ _2\"></span>cted credit los<span class=\"_ _2\"></span>ses. </span> </span></span>Under the simplified approach, the tracking of c<span class=\"_ _2\"></span>hanges in credit risk is not required, but i<span class=\"_ _2\"></span>nstead <span class=\"ls1 ws0\"> </span>the base li<span class=\"_ _2\"></span>fetime <span class=\"_ _2\"></span>expecte<span class=\"_ _2\"></span>d credit l<span class=\"_ _2\"></span>oss <span class=\"_ _2\"></span>at<span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">all</span> <span class=\"ls54 ws70\">times is applied. An allowance for loss is made for </span></span>potentially impaired receivables during the year in which <span class=\"_ _2\"></span>they are identified based on <span class=\"_ _2\"></span>a periodic review of all<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>outst<span class=\"_ _2\"></span>andi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nts.<span class=\"_ _2\"></span> Lo<span class=\"_ _2\"></span>sses <span class=\"_ _2\"></span>are r<span class=\"_ _2\"></span>eco<span class=\"_ _2\"></span>rded<span class=\"_ _2\"></span> wit<span class=\"_ _2\"></span>hin <span class=\"_ _2\"></span>sell<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span>, m<span class=\"_ _2\"></span>arke<span class=\"_ _2\"></span>tin<span class=\"_ _2\"></span>g and<span class=\"_ _2\"></span> dis<span class=\"_ _2\"></span>trib<span class=\"_ _2\"></span>uti<span class=\"_ _2\"></span>on ex<span class=\"_ _2\"></span>pen<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws78\">in </span>the i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent.<span class=\"_ _2\"></span> Tr<span class=\"_ _2\"></span>ade<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>eivab<span class=\"_ _2\"></span>les<span class=\"_ _2\"></span> are d<span class=\"_ _2\"></span>eem<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>as i<span class=\"_ _2\"></span>mpai<span class=\"_ _2\"></span>red <span class=\"_ _2\"></span>when<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span>re i<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>n indi<span class=\"_ _2\"></span>cat<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>of significant <span class=\"_ _1\"></span><span class=\"ws70\">financial diffic<span class=\"_ _2\"></span>ulties of the debtor (delinquency in or default on payments oc<span class=\"_ _2\"></span>curs, </span>probability of ban<span class=\"_ _1\"></span>k<span class=\"_ _2\"></span>ruptcy or ne<span class=\"_ _1\"></span>e<span class=\"_ _2\"></span>d for financia<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span> reorganisation).<span class=\"ls1 ws0\"> </span>(ii<span class=\"_ _2\"></span>) <span class=\"ls50 wsd7\">F<span class=\"_ _1\"></span>air va<span class=\"_ _1\"></span>lue e<span class=\"_ _1\"></span>stima<span class=\"_ _1\"></span>tion<span class=\"ls1 ws0\"> </span></span>The i<span class=\"_ _2\"></span>nfo<span class=\"_ _2\"></span>rmati<span class=\"_ _2\"></span>on b<span class=\"_ _2\"></span>el<span class=\"_ _2\"></span>ow s<span class=\"_ _2\"></span>ummar<span class=\"_ _2\"></span>is<span class=\"_ _2\"></span>es fi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> inst<span class=\"_ _2\"></span>rum<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s car<span class=\"_ _2\"></span>rie<span class=\"_ _2\"></span>d a<span class=\"_ _2\"></span>t fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue,<span class=\"_ _2\"></span> by <span class=\"_ _2\"></span>valu<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on me<span class=\"_ _2\"></span>thod<span class=\"_ _2\"></span>. The differe<span class=\"_ _2\"></span>nt levels have been def<span class=\"_ _2\"></span>ined as foll<span class=\"_ _2\"></span>ows: <span class=\"ls1 ws0\"> </span>New business quoted prices (unadjusted) in <span class=\"_ _2\"></span>active markets for identical assets or liabilities <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>(Level 1).<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Inputs other than quoted prices i<span class=\"_ _2\"></span>ncluded within Level 1 that are <span class=\"_ _2\"></span>observable for the asset or liability, either directly (that is, as prices) <span class=\"_ _2\"></span>or<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">indirectly (that is<span class=\"_ _2\"></span>, derived from p<span class=\"_ _2\"></span>rices) (Level 2<span class=\"_ _2\"></span>). </span> </span>Inputs for the asset or liability th<span class=\"_ _2\"></span>at are not based on <span class=\"_ _2\"></span>observable market data (that is, unobservable input<span class=\"_ _2\"></span>s) (<span class=\"_ _2\"></span>Le<span class=\"_ _2\"></span>vel 3<span class=\"_ _2\"></span>).<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span>\u2019s i<span class=\"_ _2\"></span>nve<span class=\"_ _2\"></span>stme<span class=\"_ _2\"></span>nts i<span class=\"_ _2\"></span>n <span class=\"_ _2\"></span>Golar<span class=\"_ _2\"></span><span class=\"ff179 ls4b ws49\">, <span class=\"_ _2\"></span>Kingfi<span class=\"_ _2\"></span>sh, O<span class=\"_ _2\"></span>dfj<span class=\"_ _2\"></span>ell S<span class=\"_ _2\"></span>E<span class=\"ls1 ws0\"> <span class=\"ls2f ws92\">and GBL are measured using quoted prices in </span></span></span>an ac<span class=\"_ _2\"></span>tiv<span class=\"_ _2\"></span>e mar<span class=\"_ _2\"></span>ket<span class=\"_ _2\"></span> (Le<span class=\"_ _2\"></span>vel<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ff17a\">1). The<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span>\u2019s<span class=\"_ _2\"></span> deri<span class=\"_ _2\"></span>vat<span class=\"_ _2\"></span>ive <span class=\"_ _2\"></span>asset<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>and l<span class=\"_ _2\"></span>iab<span class=\"_ _2\"></span>ilit<span class=\"_ _2\"></span>ies<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> meas<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>d usi<span class=\"_ _2\"></span>ng i<span class=\"_ _2\"></span>np<span class=\"_ _2\"></span>uts </span>othe<span class=\"_ _2\"></span>r tha<span class=\"_ _2\"></span>n q<span class=\"_ _2\"></span>uoted<span class=\"_ _2\"></span> pr<span class=\"_ _2\"></span>ice<span class=\"_ _2\"></span>s (Le<span class=\"_ _2\"></span>vel<span class=\"_ _2\"></span> 2).<span class=\"_ _2\"></span> The G<span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span>up\u2019s m<span class=\"_ _2\"></span>at<span class=\"_ _2\"></span>ure b<span class=\"_ _2\"></span>iol<span class=\"_ _2\"></span>ogic<span class=\"_ _2\"></span>al a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> me<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>using<span class=\"_ _2\"></span> inp<span class=\"_ _2\"></span>uts<span class=\"_ _2\"></span> other t<span class=\"_ _2\"></span>han quoted<span class=\"_ _2\"></span> prices (<span class=\"_ _2\"></span>Level 2<span class=\"_ _2\"></span>). There <span class=\"_ _2\"></span>have be<span class=\"_ _2\"></span>en no c<span class=\"_ _2\"></span>hanges i<span class=\"_ _2\"></span>n the f<span class=\"_ _2\"></span>air v<span class=\"_ _2\"></span>alue <span class=\"ls53 ws0\">me<span class=\"_ _2\"></span>thodol<span class=\"_ _2\"></span>ogy i<span class=\"_ _2\"></span>n the </span>periods<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">prese<span class=\"_ _2\"></span>nted.<span class=\"_ _195\"> </span></span></span>(iii) <span class=\"ls4a ws81\">Hedge accou<span class=\"_ _2\"></span>nting<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>In acc<span class=\"_ _2\"></span>ord<span class=\"_ _2\"></span>ance wi<span class=\"_ _2\"></span>th IFR<span class=\"_ _2\"></span>S 9\u2019<span class=\"_ _2\"></span>s tra<span class=\"_ _2\"></span>nsit<span class=\"_ _2\"></span>ion pro<span class=\"_ _2\"></span>visi<span class=\"_ _2\"></span>ons f<span class=\"_ _2\"></span>or hedg<span class=\"_ _2\"></span>e ac<span class=\"_ _2\"></span>cou<span class=\"_ _2\"></span>nti<span class=\"_ _2\"></span>ng, the<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span> has n<span class=\"_ _2\"></span>ot app<span class=\"_ _2\"></span>lied<span class=\"_ _2\"></span> the IFRS<span class=\"_ _2\"></span> 9 hedge<span class=\"_ _2\"></span> acco<span class=\"_ _2\"></span>unting<span class=\"_ _2\"></span> req<span class=\"_ _2\"></span>uir<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span>s an<span class=\"_ _2\"></span>d will<span class=\"_ _2\"></span> conti<span class=\"_ _2\"></span>nue t<span class=\"_ _2\"></span>o appl<span class=\"_ _2\"></span>y the<span class=\"_ _2\"></span> hedg<span class=\"_ _2\"></span>e acc<span class=\"_ _2\"></span>ounti<span class=\"_ _2\"></span>ng re<span class=\"_ _2\"></span>quir<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nts of IAS 39. <span class=\"ls1 ws0\"> </span>Acc<span class=\"_ _1\"></span>ounting<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>polic<span class=\"_ _1\"></span>y for<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>deriv<span class=\"_ _1\"></span>ative a<span class=\"_ _1\"></span>ssets and<span class=\"_ _1\"></span> liabilit<span class=\"_ _1\"></span>ies<span class=\"ls1 ws0\"> </span>The G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> en<span class=\"_ _2\"></span>ter<span class=\"_ _2\"></span>s int<span class=\"_ _2\"></span>o for<span class=\"_ _2\"></span>ward<span class=\"_ _2\"></span> ex<span class=\"_ _2\"></span>chang<span class=\"_ _2\"></span>e c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span>s to<span class=\"_ _2\"></span> hedg<span class=\"_ _2\"></span>e f<span class=\"_ _2\"></span>orei<span class=\"_ _2\"></span>gn c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>nc<span class=\"_ _2\"></span>y tr<span class=\"_ _2\"></span>ans<span class=\"_ _2\"></span>actio<span class=\"_ _2\"></span>ns,<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st ra<span class=\"_ _1\"></span>te sw<span class=\"_ _1\"></span>aps to<span class=\"_ _1\"></span> hed<span class=\"_ _1\"></span>ge the<span class=\"_ _1\"></span> ris<span class=\"_ _1\"></span>k of<span class=\"ls1 ws0\"> <span class=\"ls54 ws70\">va<span class=\"_ _1\"></span>riability <span class=\"_ _2\"></span>of interest<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">p<span class=\"_ _2\"></span>aym<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span>, cr<span class=\"_ _2\"></span>oss<span class=\"ls1 ws0\">-</span><span class=\"ws7c\">curr<span class=\"_ _2\"></span>enc<span class=\"_ _2\"></span>y inte<span class=\"_ _2\"></span>rest<span class=\"_ _2\"></span> rat<span class=\"_ _2\"></span>e swap<span class=\"_ _2\"></span>s to </span></span></span></span></span>hedge the risk of variability of inte<span class=\"_ _2\"></span>rest and principal payments on<span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">non</span>-<span class=\"ls4b ws49\">US do<span class=\"_ _2\"></span>lla</span>r-<span class=\"ls49 ws78\">denomi<span class=\"_ _2\"></span>nat<span class=\"_ _2\"></span>ed </span></span>borrowings<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls48 ws32\">b<span class=\"_ _2\"></span>unker fuel<span class=\"_ _2\"></span> hedge <span class=\"_ _2\"></span>contracts<span class=\"_ _2\"></span> to loc<span class=\"_ _2\"></span>k in the p<span class=\"_ _2\"></span>rice f<span class=\"_ _2\"></span>or a p<span class=\"_ _2\"></span>ortion of<span class=\"_ _2\"></span> forecasted<span class=\"_ _2\"></span> bunk<span class=\"_ _2\"></span>er </span></span>fuel<span class=\"ls1 ws0\"> <span class=\"ls48 ws72\">requireme<span class=\"_ _2\"></span>nts<span class=\"ls2f ws2f\">, a<span class=\"_ _2\"></span>nd carbon emi<span class=\"_ _2\"></span>ssions forward co<span class=\"_ _2\"></span>ntracts to f<span class=\"_ _2\"></span>ix the price <span class=\"_ _2\"></span>of future E<span class=\"_ _2\"></span>U carbon </span></span></span>emis<span class=\"_ _2\"></span>sio<span class=\"_ _2\"></span>ns all<span class=\"_ _2\"></span>ow<span class=\"_ _2\"></span>ance <span class=\"_ _2\"></span><span class=\"ls1 ws0\">r<span class=\"ls54 ws70\">egula<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>ory obliga<span class=\"ls49 ws78\">tio<span class=\"_ _2\"></span>ns<span class=\"wsaa\">. N<span class=\"_ _2\"></span>o i<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ument<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>are h<span class=\"_ _2\"></span>el<span class=\"_ _2\"></span>d for<span class=\"_ _2\"></span> spec<span class=\"_ _2\"></span>ul<span class=\"_ _2\"></span>ativ<span class=\"_ _2\"></span>e p<span class=\"_ _2\"></span>urpo<span class=\"_ _2\"></span>ses.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span>For bonds<span class=\"_ _2\"></span> and lo<span class=\"_ _2\"></span>an facili<span class=\"_ _2\"></span>ties whe<span class=\"_ _2\"></span>re it i<span class=\"_ _2\"></span>s determi<span class=\"_ _2\"></span>ned that<span class=\"_ _2\"></span> there i<span class=\"_ _2\"></span>s an<span class=\"_ _2\"></span> interest r<span class=\"_ _2\"></span>ate or f<span class=\"_ _2\"></span>oreig<span class=\"_ _2\"></span>n currenc<span class=\"_ _2\"></span>y risk t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> sh<span class=\"_ _2\"></span>ould<span class=\"_ _2\"></span> be h<span class=\"_ _2\"></span>edge<span class=\"_ _2\"></span>d, t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> der<span class=\"_ _2\"></span>ivati<span class=\"_ _2\"></span>ve f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al i<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ument<span class=\"_ _2\"></span> ac<span class=\"_ _2\"></span>quir<span class=\"_ _2\"></span>ed w<span class=\"_ _2\"></span>ill <span class=\"_ _2\"></span>have<span class=\"_ _2\"></span> cri<span class=\"_ _2\"></span>tic<span class=\"_ _2\"></span>al te<span class=\"_ _2\"></span>rms<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> mirror those of the <span class=\"_ _2\"></span>underlying debt. In<span class=\"_ _2\"></span> these cir<span class=\"ff17a ls49 wsaa\">c<span class=\"_ _2\"></span>umsta<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span>s, it<span class=\"_ _2\"></span> is <span class=\"_ _2\"></span>th<span class=\"_ _2\"></span>e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s obj<span class=\"_ _2\"></span>ecti<span class=\"_ _2\"></span>ve t<span class=\"_ _2\"></span>o ac<span class=\"_ _2\"></span>hie<span class=\"_ _2\"></span>ve</span><span class=\"ls1 ws0\"> </span>100%<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 ws78\">ef<span class=\"_ _2\"></span>fect<span class=\"_ _2\"></span>ive<span class=\"_ _2\"></span>ness<span class=\"_ _2\"></span>.<span class=\"_ _195\"> </span></span></span>Deriv<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ve f<span class=\"_ _2\"></span>inanc<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span>str<span class=\"_ _2\"></span>ument<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e ini<span class=\"_ _2\"></span>tial<span class=\"_ _2\"></span>ly r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d <span class=\"_ _2\"></span>at f<span class=\"_ _2\"></span>air <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>dat<span class=\"_ _2\"></span>e a d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ve c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span> is entered i<span class=\"_ _2\"></span>nto and ar<span class=\"_ _2\"></span>e sub<span class=\"_ _2\"></span>sequentl<span class=\"_ _2\"></span>y remeasur<span class=\"_ _2\"></span>ed to<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">their<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> each<span class=\"_ _2\"></span> bal<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> s<span class=\"_ _2\"></span>heet<span class=\"_ _2\"></span> date<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>e </span></span>resul<span class=\"_ _2\"></span>ting<span class=\"_ _2\"></span> g<span class=\"_ _2\"></span>ain or<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss o<span class=\"_ _2\"></span>n re<span class=\"_ _2\"></span>meas<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> is re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>ni<span class=\"ls48 ws32\">s<span class=\"_ _2\"></span>ed immedi<span class=\"_ _2\"></span>ately i<span class=\"_ _2\"></span>n the i<span class=\"_ _2\"></span>ncome sta<span class=\"_ _2\"></span>tement <span class=\"_ _2\"></span>unless </span>the d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ve i<span class=\"_ _2\"></span>s de<span class=\"_ _2\"></span>sign<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> ef<span class=\"_ _2\"></span>fect<span class=\"_ _2\"></span>ive <span class=\"_ _2\"></span>as <span class=\"_ _2\"></span>a hedg<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> ins<span class=\"_ _2\"></span>tru<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>, i<span class=\"_ _2\"></span>n whic<span class=\"_ _2\"></span>h <span class=\"_ _2\"></span>event<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e timi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>of t<span class=\"_ _2\"></span>he recog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> any re<span class=\"_ _2\"></span>sult<span class=\"_ _2\"></span>ant g<span class=\"_ _2\"></span>ain or<span class=\"_ _2\"></span> loss on t<span class=\"_ _2\"></span>he in<span class=\"_ _2\"></span>come<span class=\"_ _2\"></span> stat<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span> depend<span class=\"_ _2\"></span>s o<span class=\"_ _2\"></span>n the n<span class=\"_ _2\"></span>ature<span class=\"_ _2\"></span> of the it<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m being he<span class=\"ls49 wsaa\">dged. T<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>mp<span class=\"_ _2\"></span>act i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent i<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>show<span class=\"_ _2\"></span>n in<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>erest<span class=\"_ _2\"></span>, f<span class=\"_ _2\"></span>oreig<span class=\"_ _2\"></span>n c<span class=\"_ _2\"></span>urr<span class=\"_ _2\"></span>ency e<span class=\"_ _2\"></span>xch<span class=\"_ _2\"></span>ang<span class=\"_ _2\"></span>e </span>gain (loss) or operating expenses as appropriate, based o<span class=\"_ _2\"></span>n the underlying <span class=\"ls49 ws78\">nat<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span> <span class=\"ls48 ws32\">of the deri<span class=\"_ _2\"></span>vative.<span class=\"_ _195\"> </span></span></span>(i) D<span class=\"_ _2\"></span>ete<span class=\"_ _2\"></span>rmin<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r va<span class=\"_ _2\"></span>lue<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The fair value <span class=\"_ _2\"></span>of interest r<span class=\"_ _2\"></span>ate swa<span class=\"_ _2\"></span>ps, cross<span class=\"ls1 ws0\">-<span class=\"ls49 wsaa\">curre<span class=\"_ _2\"></span>ncy<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st rat<span class=\"_ _2\"></span>e s<span class=\"_ _2\"></span>waps<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span>eign<span class=\"_ _2\"></span> exc<span class=\"_ _2\"></span>hang<span class=\"_ _2\"></span>e </span></span>cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>s is<span class=\"_ _2\"></span> ba<span class=\"_ _2\"></span>sed <span class=\"_ _2\"></span>on di<span class=\"_ _2\"></span>sco<span class=\"_ _2\"></span>unte<span class=\"_ _2\"></span>d ca<span class=\"_ _2\"></span>sh f<span class=\"_ _2\"></span>low m<span class=\"_ _2\"></span>ode<span class=\"_ _2\"></span>ls b<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span>d up<span class=\"_ _2\"></span>on t<span class=\"_ _2\"></span>he v<span class=\"_ _2\"></span>aluat<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>ns re<span class=\"_ _2\"></span>cei<span class=\"_ _2\"></span>ved f<span class=\"_ _2\"></span>rom<span class=\"_ _2\"></span> fina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al i<span class=\"_ _2\"></span>nstit<span class=\"_ _2\"></span>uti<span class=\"_ _2\"></span>ons,<span class=\"_ _2\"></span> tak<span class=\"_ _2\"></span>ing i<span class=\"_ _2\"></span>nto<span class=\"_ _2\"></span> ac<span class=\"_ _2\"></span>count<span class=\"_ _2\"></span> cu<span class=\"_ _2\"></span>rre<span class=\"_ _2\"></span>nt i<span class=\"_ _2\"></span>nter<span class=\"_ _2\"></span>est r<span class=\"_ _2\"></span>ates<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls2f ws2f\">fore<span class=\"_ _2\"></span>ign exchan<span class=\"ls61 wsac\">ge rates<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">and c<span class=\"_ _2\"></span>arb<span class=\"_ _2\"></span>on </span></span></span></span></span>emissions allowance prices<span class=\"ls1 ws0\">.<span class=\"_ _195\"> </span></span>(ii) Cash f<span class=\"_ _2\"></span>low hed<span class=\"_ _2\"></span>ges<span class=\"ls1 ws0\"> </span>The G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> app<span class=\"_ _2\"></span>lie<span class=\"_ _2\"></span>s ca<span class=\"_ _2\"></span>sh f<span class=\"_ _2\"></span>low <span class=\"_ _2\"></span>hed<span class=\"_ _2\"></span>ge a<span class=\"_ _2\"></span>ccou<span class=\"_ _2\"></span>nting<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> its<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st r<span class=\"_ _2\"></span>ate <span class=\"_ _2\"></span>swap<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd cr<span class=\"_ _2\"></span>oss<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls2f ws2f\">currency interest </span></span>rate<span class=\"_ _2\"></span> swap<span class=\"_ _2\"></span>s. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Where<span class=\"_ _2\"></span> a d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ve fi<span class=\"_ _2\"></span>na<span class=\"_ _2\"></span>ncial<span class=\"_ _2\"></span> inst<span class=\"_ _2\"></span>ru<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> is d<span class=\"_ _2\"></span>esi<span class=\"_ _2\"></span>gnate<span class=\"_ _2\"></span>d a<span class=\"_ _2\"></span>s a <span class=\"_ _2\"></span>hedg<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> vari<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>ity<span class=\"_ _2\"></span> in c<span class=\"_ _2\"></span>as<span class=\"_ _2\"></span>h flo<span class=\"_ _2\"></span>ws of<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span> recognised<span class=\"_ _2\"></span> asset<span class=\"_ _2\"></span> or liabili<span class=\"_ _2\"></span>ty, or<span class=\"_ _2\"></span> a hig<span class=\"_ _2\"></span>hly pr<span class=\"_ _2\"></span>obable for<span class=\"_ _2\"></span>ecast t<span class=\"_ _2\"></span>ransacti<span class=\"_ _2\"></span>on, t<span class=\"_ _2\"></span>he effecti<span class=\"_ _2\"></span>ve part<span class=\"_ _2\"></span> of any g<span class=\"_ _2\"></span>ain <span class=\"_ _2\"></span>or loss<span class=\"_ _2\"></span> on t<span class=\"_ _2\"></span>he d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vativ<span class=\"_ _2\"></span>e fi<span class=\"_ _2\"></span>na<span class=\"_ _2\"></span>ncial<span class=\"_ _2\"></span> ins<span class=\"_ _2\"></span>trum<span class=\"_ _2\"></span>ent i<span class=\"_ _2\"></span><span class=\"ls2f ws2f\">s reco<span class=\"_ _2\"></span>gnised directl<span class=\"_ _2\"></span>y in other c<span class=\"_ _2\"></span>omprehensive income<span class=\"_ _2\"></span>. </span>Any<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">ineffecti<span class=\"_ _2\"></span>ve porti<span class=\"_ _2\"></span>on of th<span class=\"_ _2\"></span>e hed<span class=\"_ _2\"></span>ge is rec<span class=\"_ _2\"></span>ognised imm<span class=\"_ _2\"></span>ediatel<span class=\"_ _2\"></span>y in the i<span class=\"_ _2\"></span>ncome <span class=\"_ _2\"></span>statement.<span class=\"_ _2\"></span></span> </span>When<span class=\"_ _2\"></span> the f<span class=\"_ _2\"></span>ore<span class=\"_ _2\"></span>cast<span class=\"_ _2\"></span> tr<span class=\"_ _2\"></span>ans<span class=\"_ _2\"></span>actio<span class=\"_ _2\"></span>n su<span class=\"_ _2\"></span>bseq<span class=\"_ _2\"></span>uent<span class=\"_ _2\"></span>ly <span class=\"_ _2\"></span>resul<span class=\"_ _2\"></span>ts i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> a <span class=\"_ _2\"></span>non<span class=\"ls1 ws0\">-</span><span class=\"ws7c\">fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al as<span class=\"_ _2\"></span>set or<span class=\"_ _2\"></span> non<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _195\"> </span></span></span>fina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al li<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>ity<span class=\"_ _2\"></span>, th<span class=\"_ _2\"></span>e a<span class=\"_ _2\"></span>ssoci<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> cum<span class=\"_ _2\"></span>ulati<span class=\"_ _2\"></span>ve<span class=\"_ _2\"></span> gai<span class=\"_ _2\"></span>n or<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">loss r<span class=\"_ _2\"></span>ecogni<span class=\"_ _2\"></span>sed in ot<span class=\"_ _2\"></span>her compr<span class=\"_ _2\"></span>ehensiv<span class=\"_ _2\"></span>e income i<span class=\"_ _2\"></span>s </span></span>removed and incl<span class=\"_ _2\"></span>uded in the i<span class=\"_ _2\"></span>nitial co<span class=\"_ _2\"></span>st or other <span class=\"ls49 wsaa\">c<span class=\"_ _2\"></span>arry<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls61 wsac\">the a<span class=\"_ _2\"></span>sset or<span class=\"ls1 ws0\"> <span class=\"ls54 ws83\">liability.</span> </span></span></span></span>If a <span class=\"_ _2\"></span>hedg<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> a f<span class=\"_ _2\"></span>orec<span class=\"_ _2\"></span>ast t<span class=\"_ _2\"></span>ra<span class=\"_ _2\"></span>nsact<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> sub<span class=\"_ _2\"></span>sequ<span class=\"_ _2\"></span>entl<span class=\"_ _2\"></span>y r<span class=\"_ _2\"></span>esul<span class=\"_ _2\"></span>ts i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> a fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>ancial<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span>or a f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al li<span class=\"_ _2\"></span>abi<span class=\"_ _2\"></span>lity<span class=\"_ _2\"></span>, t<span class=\"_ _2\"></span>he a<span class=\"_ _2\"></span>ssoc<span class=\"_ _2\"></span>iat<span class=\"_ _2\"></span>ed g<span class=\"_ _2\"></span>ain<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> los<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> we<span class=\"_ _2\"></span>re r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d di<span class=\"_ _2\"></span>rect<span class=\"_ _2\"></span>ly i<span class=\"_ _2\"></span>n e<span class=\"_ _2\"></span>quit<span class=\"_ _2\"></span>y ar<span class=\"_ _2\"></span>e reclassified i<span class=\"_ _2\"></span>nto the income <span class=\"_ _2\"></span>statement in<span class=\"_ _2\"></span> the same pe<span class=\"_ _2\"></span>riod or perio<span class=\"_ _2\"></span>ds during which <span class=\"_ _2\"></span>the asset <span class=\"_ _2\"></span>acquired or liability assumed affects profit or loss, <span class=\"ls61 wsac\">th<span class=\"_ _2\"></span>at is,<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">when fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>ance i<span class=\"_ _2\"></span>nco<span class=\"_ _2\"></span>me or<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>ense<span class=\"_ _2\"></span></span> </span></span>is recognised.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>When a <span class=\"_ _2\"></span>hedging i<span class=\"_ _2\"></span>nstrument<span class=\"_ _2\"></span> expires <span class=\"_ _2\"></span>or is <span class=\"_ _2\"></span>sold, term<span class=\"_ _2\"></span>inated <span class=\"_ _2\"></span>or exerci<span class=\"_ _2\"></span>sed, or<span class=\"_ _2\"></span> the entit<span class=\"_ _2\"></span>y rev<span class=\"_ _2\"></span>okes desig<span class=\"_ _2\"></span>nati<span class=\"_ _2\"></span>on o<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>hedge<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>nshi<span class=\"_ _2\"></span>p b<span class=\"_ _2\"></span>ut th<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">hedged foreca<span class=\"_ _2\"></span>st transactio<span class=\"_ _2\"></span>n is still exp<span class=\"_ _2\"></span>ected to occ<span class=\"_ _2\"></span>ur, </span></span>the <span class=\"_ _2\"></span>cumul<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ve g<span class=\"_ _2\"></span>ain or<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss a<span class=\"_ _2\"></span>t t<span class=\"_ _2\"></span>hat p<span class=\"_ _2\"></span>oi<span class=\"_ _2\"></span>nt re<span class=\"_ _2\"></span>main<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>n equi<span class=\"_ _2\"></span>ty <span class=\"_ _2\"></span>and<span class=\"_ _2\"></span> is r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d i<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">accordance with t<span class=\"_ _2\"></span>he </span></span>above policy w<span class=\"_ _2\"></span>hen the tr<span class=\"_ _2\"></span>ansaction occurs.<span class=\"_ _2\"></span> If the hedg<span class=\"_ _2\"></span>ed transactio<span class=\"_ _2\"></span>n is no lo<span class=\"_ _2\"></span>nger expected t<span class=\"_ _2\"></span>o take place<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">cumul<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ve u<span class=\"_ _2\"></span>nreal<span class=\"_ _2\"></span>ise<span class=\"_ _2\"></span>d gai<span class=\"_ _2\"></span>n or<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss rec<span class=\"_ _2\"></span>og<span class=\"_ _2\"></span>nised<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n othe<span class=\"_ _2\"></span>r c<span class=\"_ _2\"></span>ompr<span class=\"_ _2\"></span>ehe<span class=\"_ _2\"></span>nsive<span class=\"_ _2\"></span> inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> is </span></span>recog<span class=\"_ _2\"></span>nis<span class=\"_ _2\"></span>ed i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>a<span class=\"ls48 ws32\">tement i<span class=\"_ _2\"></span>mmediately<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></span>Any u<span class=\"_ _2\"></span>nre<span class=\"_ _2\"></span>alis<span class=\"_ _2\"></span>ed a<span class=\"_ _2\"></span>nd r<span class=\"_ _2\"></span>eali<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> gai<span class=\"_ _2\"></span>ns or l<span class=\"_ _2\"></span>os<span class=\"_ _2\"></span>ses <span class=\"_ _2\"></span>on f<span class=\"_ _2\"></span>oreig<span class=\"_ _2\"></span>n e<span class=\"_ _2\"></span>x<span class=\"ls2f ws2f\">change f<span class=\"_ _2\"></span>orward contract<span class=\"_ _2\"></span>s are t<span class=\"_ _2\"></span>aken directly </span>to the i<span class=\"_ _2\"></span>ncome st<span class=\"_ _2\"></span>atement.<span class=\"_ _195\"> </span>(iii) Em<span class=\"_ _2\"></span>bed<span class=\"_ _2\"></span>ded <span class=\"ls4c ws79\">derivatives<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>Deriv<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ves e<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>dde<span class=\"_ _2\"></span>d in o<span class=\"_ _2\"></span>the<span class=\"_ _2\"></span>r fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> inst<span class=\"_ _2\"></span>rume<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span> or ot<span class=\"_ _2\"></span>her<span class=\"_ _2\"></span> hos<span class=\"_ _2\"></span>t <span class=\"_ _2\"></span>cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> tre<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>as sep<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ate d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ves <span class=\"_ _2\"></span>when<span class=\"_ _2\"></span> thei<span class=\"_ _2\"></span>r ri<span class=\"_ _2\"></span>sk<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd c<span class=\"_ _2\"></span>haract<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>isti<span class=\"_ _2\"></span>cs ar<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>not c<span class=\"_ _2\"></span>los<span class=\"_ _2\"></span>ely<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>host c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>rac<span class=\"_ _2\"></span>t. Co<span class=\"_ _2\"></span>ntr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> assessed f<span class=\"_ _2\"></span>or emb<span class=\"_ _2\"></span>edded deri<span class=\"_ _2\"></span>vatives <span class=\"_ _2\"></span>at incep<span class=\"_ _2\"></span>tion <span class=\"ls49 wsaa\">of<span class=\"_ _2\"></span> suc<span class=\"_ _2\"></span>h c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>s or <span class=\"_ _2\"></span>whe<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up b<span class=\"_ _2\"></span>ecom<span class=\"_ _2\"></span>es p<span class=\"_ _2\"></span>art<span class=\"_ _2\"></span>y to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span>m. Emb<span class=\"_ _2\"></span>edd<span class=\"_ _2\"></span>ed d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ves<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> ha<span class=\"_ _2\"></span>ve b<span class=\"_ _2\"></span>een <span class=\"_ _2\"></span>sep<span class=\"_ _2\"></span>arat<span class=\"_ _2\"></span>ed fr<span class=\"_ _2\"></span>om <span class=\"_ _2\"></span>host<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntr<span class=\"_ _2\"></span>acts <span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>e mea<span class=\"_ _2\"></span>sur<span class=\"_ _2\"></span>ed at<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> </span>at eac<span class=\"_ _2\"></span>h b<span class=\"_ _2\"></span>alanc<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>sheet<span class=\"_ _2\"></span> dat<span class=\"_ _2\"></span>e. A<span class=\"_ _2\"></span>ny g<span class=\"_ _2\"></span>ain<span class=\"_ _2\"></span>s or l<span class=\"_ _2\"></span>os<span class=\"_ _2\"></span>ses <span class=\"_ _2\"></span>arisi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> from<span class=\"_ _2\"></span> cha<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span>es in f<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span> v<span class=\"_ _2\"></span>alue <span class=\"_ _2\"></span>are <span class=\"ws78\">t<span class=\"_ _2\"></span>ak<span class=\"_ _2\"></span>en <span class=\"ls2f ws2f\">directly to<span class=\"ls1 ws0\"> </span></span></span>the i<span class=\"_ _2\"></span>nco<span class=\"_ _2\"></span>me st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent.<span class=\"_ _195\"> </span>The Gr<span class=\"_ _2\"></span>oup h<span class=\"_ _2\"></span>olds<span class=\"_ _2\"></span> the f<span class=\"_ _2\"></span>ollow<span class=\"_ _2\"></span>ing <span class=\"_ _2\"></span>fi<span class=\"_ _2\"></span>nancial<span class=\"_ _2\"></span> ins<span class=\"_ _2\"></span>trume<span class=\"_ _2\"></span>nts:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><table class=\"s w19c h153\" id=\"_6a301b57-b09f-4b4a-9151-f7acf982a911\"><tr><td></td><td></td><td></td><td class=\"c x2ba y2e25 wd0 hbe\"><div class=\"t m0 x1c5 h85 y2307 ff17d fs3b fc2 sc0 ls65 ws9b\">November 30<span class=\"_ _2\"></span>, 20<span class=\"ls1b ws2f\">25</span><span class=\"ls1b ws2f\"><span class=\"ls1 ws0\"> </span></span></div></td><td></td><td></td><td></td><td class=\"c x32c y2e25 wd1 hbe\"><div class=\"t m0 x1ee h82 y2307 ff17f fs3b fc2 sc0 ls1 ws32\">November 30, 20<span class=\"ls78 wsbd\">24</span><span class=\"ws0\"> </span></div></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x2b3 h85 y2e26 ff17d fs3b fc2 sc0 ls1 ws0\">Total c<span class=\"ls65 ws99\">arrying<span class=\"_ _195\"> </span></span></td><td></td><td></td><td></td><td class=\"c x383 y2e27 w19d h103\"><div class=\"t m0 x245 h82 y29a6 ff17f fs3b fc2 sc0 ls1e ws2f\">Total carrying<span class=\"_ _195\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2e28 w150 h102\"><div class=\"t m0 x245 h82 y29a6 ff17f fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2b9 h82 y29a7 ff17f fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x384 y2e29 w5e hb4\"><div class=\"t m0 x187 h85 y1fa2 ff17d fs3b fc2 sc0 ls65 ws99\">Current<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e29 wc6 hb4\"><div class=\"t m0 x19e h85 y1fa2 ff17d fs3b fc2 sc0 ls1d ws31\">Non<span class=\"ls1 ws0\">-current</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e29 w5f hb4\"><div class=\"t m0 xaf h85 y208f ff17d fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x186 h85 y1fa2 ff17d fs3b fc2 sc0 ls1 ws0\"> <span class=\"ls65 ws99\">value</span> </div></td><td class=\"c x387 y2e29 w5e hb4\"><div class=\"t m0 x17b h85 y1fa2 ff17d fs3b fc2 sc0 ls65 ws99\">Fair <span class=\"ls1 ws0\">v</span>alue<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e29 w5c hb4\"><div class=\"t m0 x187 h82 y1fa2 ff17f fs3b fc2 sc0 ls38 ws5e\">Curre<span class=\"_ _1\"></span>nt<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e29 w5f hb4\"><div class=\"t m0 x191 h82 y1fa2 ff17f fs3b fc2 sc0 ls1 ws0\">Non-<span class=\"ls1e ws32\">current</span> </div></td><td class=\"c x389 y2e2a w19e h103\"><div class=\"t m0 x245 h82 y29a6 ff17f fs3b fc2 sc0 ls2d ws4a\">value<span class=\"_ _195\"> </span></div></td><td class=\"c x2ae y2e29 w5c hb4\"><div class=\"t m0 x197 h82 y1fa2 ff17f fs3b fc2 sc0 ls1e ws32\">Fair <span class=\"ls1 ws0\">v<span class=\"ls2d ws4a\">alue</span></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e2b wcf ha4\"><div class=\"t m0 x0 h87 y1c18 ff17d fs3a fc2 sc0 ls2c ws91\">Financial <span class=\"ls1 ws0\">A<span class=\"_ _1\"></span><span class=\"ls27 ws3f\">ssets</span></span><span class=\"ls1 ws0\"><span class=\"ls27 ws3f\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e2c wcf h86\"><div class=\"t m0 x0 h91 y1bea ff17e fs3a fc2 sc0 ls2b wscf\">Financial<span class=\"_ _2\"></span> assets a<span class=\"_ _2\"></span>t FVTOCI<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e2d wcf h86\"><div class=\"t m0 x0 h88 y1be8 ff17f fs3a fc2 sc0 ls24 ws3a\">Investments in equity instruments<span class=\"ls1 ws0\"> <span class=\"ff180\">\u2013<span class=\"_ _1\"></span><span class=\"ff17f\"> <span class=\"ls29 ws44\">listed</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ff180\"><span class=\"ff17f\"> </span></span></span></div></td><td class=\"c x384 y2e2d w5e h86\"><div class=\"t m0 x1be h87 y1be8 ff181 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span></div></td><td class=\"c x385 y2e2d wc6 h86\"><div class=\"t m0 x17a h87 y1be8 ff17d fs3a fc2 sc0 ls21 ws35\">248,<span class=\"_ _2\"></span>350<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e2d w5f h86\"><div class=\"t m0 x17a h87 y1be8 ff17d fs3a fc2 sc0 ls21 ws35\">248,<span class=\"_ _2\"></span>350<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e2d w5e h86\"><div class=\"t m0 x17a h87 y1be8 ff17d fs3a fc2 sc0 ls21 ws35\">248,<span class=\"_ _2\"></span>350<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e2d w5c h86\"><div class=\"t m0 x1be h88 y1be8 ff180 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff17f\"> </span></div></td><td class=\"c x388 y2e2d w5f h86\"><div class=\"t m0 x17b h88 y1be8 ff17f fs3a fc2 sc0 ls20 ws36\">205,274<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e2d w5f h86\"><div class=\"t m0 x17b h88 y1be8 ff17f fs3a fc2 sc0 ls20 ws36\">205,274<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e2d w5c h86\"><div class=\"t m0 x17b h88 y1be8 ff17f fs3a fc2 sc0 ls20 ws36\">205,274<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e2e wcf h8a\"><div class=\"t m0 x0 h91 y1c65 ff17e fs3a fc2 sc0 ls2b wscf\">Financial<span class=\"_ _2\"></span> assets a<span class=\"_ _2\"></span>t amorti<span class=\"_ _2\"></span>sed cos<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e2f wcf h86\"><div class=\"t m0 x0 h88 y1bef ff17f fs3a fc2 sc0 ls24 ws3a\">Cash and cash equivalents<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x384 y2e2f w5e h86\"><div class=\"t m0 x17b h87 y1bef ff17d fs3a fc2 sc0 ls76 wsb9\">144,557<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e2f wc6 h86\"><div class=\"t m0 x1be h87 y1bef ff181 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span></div></td><td class=\"c x386 y2e2f w5f h86\"><div class=\"t m0 x17b h87 y1bef ff17d fs3a fc2 sc0 ls76 wsb9\">144,557<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e2f w5e h86\"><div class=\"t m0 x17b h87 y1bef ff17d fs3a fc2 sc0 ls76 wsb9\">144,557<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e2f w5c h86\"><div class=\"t m0 x197 h88 y1bef ff17f fs3a fc2 sc0 ls7f wsd9\">334,738<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e2f w5f h86\"><div class=\"t m0 x1be h88 y1bef ff180 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff17f\"> </span></div></td><td class=\"c x2b2 y2e2f w5f h86\"><div class=\"t m0 x17b h88 y1bef ff17f fs3a fc2 sc0 ls20 ws36\">334,738<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e2f w5c h86\"><div class=\"t m0 x17b h88 y1bef ff17f fs3a fc2 sc0 ls20 ws36\">334,738<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e30 wcf h86\"><div class=\"t m0 x0 h88 y1c4c ff17f fs3a fc2 sc0 ls26 ws3d\">Trade receiv<span class=\"_ _1\"></span>ables<span class=\"ls23 ws4b\">, excluding<span class=\"_ _1\"></span> contract receivab<span class=\"_ _1\"></span>les</span><span class=\"ls23 ws4b\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x384 y2e30 w5e h86\"><div class=\"t m0 x17b h87 y1c4c ff17d fs3a fc2 sc0 ls76 wsb9\">330,096<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e30 wc6 h86\"><div class=\"t m0 x1be h87 y1c4c ff181 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span></div></td><td class=\"c x386 y2e30 w5f h86\"><div class=\"t m0 x17a h87 y1c4c ff17d fs3a fc2 sc0 ls21 ws35\">330,<span class=\"_ _2\"></span>096<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e30 w5e h86\"><div class=\"t m0 x17a h87 y1c4c ff17d fs3a fc2 sc0 ls21 ws35\">330,<span class=\"_ _2\"></span>096<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e30 w5c h86\"><div class=\"t m0 x197 h88 y1c4c ff17f fs3a fc2 sc0 ls7f wsd9\">359,530<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e30 w5f h86\"><div class=\"t m0 x1be h88 y1c4c ff180 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff17f\"> </span></div></td><td class=\"c x2b2 y2e30 w5f h86\"><div class=\"t m0 x197 h88 y1c4c ff17f fs3a fc2 sc0 ls7f wsd9\">359,530<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e30 w5c h86\"><div class=\"t m0 x197 h88 y1c4c ff17f fs3a fc2 sc0 ls7f wsd9\">359,530<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e31 wcf h8a\"><div class=\"t m0 x0 h88 y1c3f ff17f fs3a fc2 sc0 ls24 ws3a\">Loans and advances to joint ventur<span class=\"_ _2\"></span>es<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2e ws4c\">and<span class=\"_ _2\"></span> associates</span></span><span class=\"ls1 ws0\"><span class=\"ls2e ws4c\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x384 y2e31 w5e h8a\"><div class=\"t m0 x1be h87 y1c3f ff181 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span></div></td><td class=\"c x385 y2e31 wc6 h8a\"><div class=\"t m0 x17f h87 y1c3f ff17d fs3a fc2 sc0 ls23 ws39\">72,893<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e31 w5f h8a\"><div class=\"t m0 x17f h87 y1c3f ff17d fs3a fc2 sc0 ls23 ws39\">72,893<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e31 w5e h8a\"><div class=\"t m0 x17f h87 y1c3f ff17d fs3a fc2 sc0 ls23 ws39\">72,893<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e31 w5c h8a\"><div class=\"t m0 x1be h88 y1c3f ff180 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff17f\"> </span></div></td><td class=\"c x388 y2e31 w5f h8a\"><div class=\"t m0 x180 h88 y1c3f ff17f fs3a fc2 sc0 ls20 ws36\">81,372<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e31 w5f h8a\"><div class=\"t m0 x180 h88 y1c3f ff17f fs3a fc2 sc0 ls20 ws36\">81,372<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e31 w5c h8a\"><div class=\"t m0 x180 h88 y1c3f ff17f fs3a fc2 sc0 ls20 ws36\">81,372<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e32 wcf h86\"><div class=\"t m0 x0 h88 y1bf4 ff17f fs3a fc2 sc0 ls23 ws4b\">Other curren<span class=\"_ _1\"></span>t assets<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span> </span></div></td><td class=\"c x384 y2e32 w5e h86\"><div class=\"t m0 x17f h87 y1bf4 ff17d fs3a fc2 sc0 ls23 ws39\">31,956<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e32 wc6 h86\"><div class=\"t m0 x1be h87 y1bf4 ff181 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span></div></td><td class=\"c x386 y2e32 w5f h86\"><div class=\"t m0 x17f h87 y1bf4 ff17d fs3a fc2 sc0 ls23 ws39\">31,956<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e32 w5e h86\"><div class=\"t m0 x17f h87 y1bf4 ff17d fs3a fc2 sc0 ls23 ws39\">31,956<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e32 w5c h86\"><div class=\"t m0 x180 h88 y1bf4 ff17f fs3a fc2 sc0 ls20 ws36\">34,885<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e32 w5f h86\"><div class=\"t m0 x1be h88 y1bf4 ff180 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff17f\"> </span></div></td><td class=\"c x2b2 y2e32 w5f h86\"><div class=\"t m0 x180 h88 y1bf4 ff17f fs3a fc2 sc0 ls20 ws36\">34,885<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e32 w5c h86\"><div class=\"t m0 x180 h88 y1bf4 ff17f fs3a fc2 sc0 ls20 ws36\">34,885<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x384 y2e33 w5e h86\"><div class=\"t m0 x17b h87 y1bfa ff17d fs3a fc2 sc0 ls76 wsb9\">506,609<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e33 wc6 h86\"><div class=\"t m0 x17a h87 y1bfa ff17d fs3a fc2 sc0 ls21 ws35\">321,<span class=\"_ _2\"></span>243<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e33 w5f h86\"><div class=\"t m0 x17a h87 y1bfa ff17d fs3a fc2 sc0 ls21 ws35\">827,<span class=\"_ _2\"></span>852<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e33 w5e h86\"><div class=\"t m0 x17a h87 y1bfa ff17d fs3a fc2 sc0 ls21 ws35\">827,<span class=\"_ _2\"></span>852<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e33 w5c h86\"><div class=\"t m0 x197 h88 y1bfa ff17f fs3a fc2 sc0 ls7f wsd9\">729,153<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e33 w5f h86\"><div class=\"t m0 x17b h88 y1bfa ff17f fs3a fc2 sc0 ls20 ws36\">286,646<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e33 w5f h86\"><div class=\"t m0 x17c h88 y1bfa ff17f fs3a fc2 sc0 ls20 ws36\">1,015,799<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e33 w5c h86\"><div class=\"t m0 x17c h88 y1bfa ff17f fs3a fc2 sc0 ls20 ws36\">1,015,799<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e34 wcf h86\"><div class=\"t m0 x0 h87 y1bf8 ff17d fs3a fc2 sc0 ls2c ws5a\">Financial Liabilities<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e35 wcf h8a\"><div class=\"t m0 x0 h88 y1bf6 ff17e fs3a fc2 sc0 ls25 ws42\">Financial liabilities at<span class=\"_ _2\"></span> amortised cost<span class=\"_ _2\"></span><span class=\"ff17f ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e36 wcf ha1\"><div class=\"t m0 x0 h88 y1bf8 ff17f fs3a fc2 sc0 ls24 ws3a\">Accounts payables, excluding withholding and value<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls28\">adde<span class=\"_ _2\"></span>d ta<span class=\"_ _2\"></span>xes</span></span><span class=\"ls1 ws0\"><span class=\"ls28\"><span class=\"ls1\"> </span></span></span></div></td><td class=\"c x384 y2e36 w5e ha1\"><div class=\"t m0 x17b h87 y1bf8 ff17d fs3a fc2 sc0 ls76 wsb9\">117,080<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e36 wc6 ha1\"><div class=\"t m0 x1be h87 y1bf8 ff181 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span></div></td><td class=\"c x386 y2e36 w5f ha1\"><div class=\"t m0 x17b h87 y1bf8 ff17d fs3a fc2 sc0 ls76 wsb9\">117,080<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e36 w5e ha1\"><div class=\"t m0 x17b h87 y1bf8 ff17d fs3a fc2 sc0 ls76 wsb9\">117,080<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e36 w5c ha1\"><div class=\"t m0 x181 h88 y1bf8 ff17f fs3a fc2 sc0 ls7f wsd9\">88,320<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e36 w5f ha1\"><div class=\"t m0 x1be h88 y1bf8 ff180 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff17f\"> </span></div></td><td class=\"c x2b2 y2e36 w5f ha1\"><div class=\"t m0 x181 h88 y1bf8 ff17f fs3a fc2 sc0 ls7f wsd9\">88,320<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e36 w5c ha1\"><div class=\"t m0 x181 h88 y1bf8 ff17f fs3a fc2 sc0 ls7f wsd9\">88,320<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e37 wcf h93\"><div class=\"t m0 x0 h88 y243b ff17f fs3a fc2 sc0 ls26 ws3d\">Accrued expenses a<span class=\"_ _1\"></span>nd accrued voyage expenses<span class=\"_ _1\"></span><span class=\"ls29 ws42\">, ex<span class=\"_ _2\"></span>cluding co<span class=\"_ _2\"></span>ntract<span class=\"_ _2\"></span> liabilities a<span class=\"_ _2\"></span>nd </span></div><div class=\"t m0 x0 h88 y1c50 ff17f fs3a fc2 sc0 ls26 ws3d\">deferred rev<span class=\"_ _1\"></span>enue<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x384 y2e37 w5e h93\"><div class=\"t m0 x17b h87 y1c50 ff17d fs3a fc2 sc0 ls76 wsb9\">282,144<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e37 wc6 h93\"><div class=\"t m0 x1be h87 y1c50 ff181 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span></div></td><td class=\"c x386 y2e37 w5f h93\"><div class=\"t m0 x17b h87 y1c50 ff17d fs3a fc2 sc0 ls76 wsb9\">282,144<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e37 w5e h93\"><div class=\"t m0 x17b h87 y1c50 ff17d fs3a fc2 sc0 ls76 wsb9\">282,144<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e37 w5c h93\"><div class=\"t m0 x197 h88 y1c50 ff17f fs3a fc2 sc0 ls7f wsd9\">291,209<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e37 w5f h93\"><div class=\"t m0 x1be h88 y1c50 ff180 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff17f\"> </span></div></td><td class=\"c x2b2 y2e37 w5f h93\"><div class=\"t m0 x197 h88 y1c50 ff17f fs3a fc2 sc0 ls7f wsd9\">291,209<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e37 w5c h93\"><div class=\"t m0 x197 h88 y1c50 ff17f fs3a fc2 sc0 ls7f wsd9\">291,209<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e38 wcf h86\"><div class=\"t m0 x0 h88 y1bde ff17f fs3a fc2 sc0 ls29 ws42\">Dividend paya<span class=\"_ _2\"></span>ble<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x384 y2e38 w5e h86\"><div class=\"t m0 x180 h87 y1bde ff17d fs3a fc2 sc0 ls76 wsb9\">53,177<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e38 wc6 h86\"><div class=\"t m0 x1be h87 y1bde ff181 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span></div></td><td class=\"c x386 y2e38 w5f h86\"><div class=\"t m0 x17f h87 y1bde ff17d fs3a fc2 sc0 ls23 ws39\">53,177<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e38 w5e h86\"><div class=\"t m0 x17f h87 y1bde ff17d fs3a fc2 sc0 ls23 ws39\">53,177<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e38 w5c h86\"><div class=\"t m0 x181 h88 y1bde ff17f fs3a fc2 sc0 ls7f wsd9\">66,972<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e38 w5f h86\"><div class=\"t m0 x1be h88 y1bde ff180 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff17f\"> </span></div></td><td class=\"c x2b2 y2e38 w5f h86\"><div class=\"t m0 x181 h88 y1bde ff17f fs3a fc2 sc0 ls7f wsd9\">66,972<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e38 w5c h86\"><div class=\"t m0 x181 h88 y1bde ff17f fs3a fc2 sc0 ls7f wsd9\">66,972<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e39 wcf h8a\"><div class=\"t m0 x0 h88 y1c2d ff17f fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease<span class=\"_ _2\"></span> obligations,<span class=\"_ _2\"></span> includin<span class=\"_ _2\"></span>g curre<span class=\"_ _2\"></span>nt maturit<span class=\"_ _2\"></span>ies</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x384 y2e39 w5e h8a\"><div class=\"t m0 x180 h87 y1c2d ff17d fs3a fc2 sc0 ls76 wsb9\">75,032<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e39 wc6 h8a\"><div class=\"t m0 x17b h87 y1c2d ff17d fs3a fc2 sc0 ls76 wsb9\">327,156<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e39 w5f h8a\"><div class=\"t m0 x17a h87 y1c2d ff17d fs3a fc2 sc0 ls21 ws35\">402,<span class=\"_ _2\"></span>188<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e39 w5e h8a\"><div class=\"t m0 x17a h87 y1c2d ff17d fs3a fc2 sc0 ls21 ws35\">402,<span class=\"_ _2\"></span>188<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e39 w5c h8a\"><div class=\"t m0 x181 h88 y1c2d ff17f fs3a fc2 sc0 ls7f wsd9\">58,581<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e39 w5f h8a\"><div class=\"t m0 x197 h88 y1c2d ff17f fs3a fc2 sc0 ls7f wsd9\">285,430<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e39 w5f h8a\"><div class=\"t m0 x17b h88 y1c2d ff17f fs3a fc2 sc0 ls20 ws36\">344,011<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e39 w5c h8a\"><div class=\"t m0 x17b h88 y1c2d ff17f fs3a fc2 sc0 ls20 ws36\">344,011<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x246 y2e3a w19f hfa\"><div class=\"t m0 x245 h88 y2933 ff17f fs3a fc2 sc0 ls22 ws3e\">Short<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2e ws4c\">ter<span class=\"_ _2\"></span>m loans and l<span class=\"ls24 ws3b\">ong<span class=\"ls1 ws0\">-<span class=\"ls23 ws4b\">term<span class=\"_ _1\"></span> debt, includi<span class=\"_ _1\"></span>ng current maturi<span class=\"_ _1\"></span>ties<span class=\"ls1 ws0\"> <span class=\"ls2e ws5c\">and <span class=\"_ _1\"></span><span class=\"ls28 wsc0\">ex<span class=\"_ _2\"></span>cluding de<span class=\"_ _2\"></span>bt<span class=\"_ _195\"> </span></span></span></span></span></span></span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x246 y2e3b w1a0 hfa\"><div class=\"t m0 x245 h88 y2933 ff17f fs3a fc2 sc0 ls25 ws3c\">issuance costs<span class=\"_ _195\"> </span></div></td><td class=\"c x384 y2e3c w5e h90\"><div class=\"t m0 x17b h87 y1c2d ff17d fs3a fc2 sc0 ls76 wsb9\">361,550<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e3c wc6 h90\"><div class=\"t m0 x17c h87 y1c2d ff17d fs3a fc2 sc0 ls76 wsb9\">1,855,520<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e3c w5f h90\"><div class=\"t m0 x175 h87 y1c2d ff17d fs3a fc2 sc0 ls21 ws35\">2,21<span class=\"_ _2\"></span>7,070<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e3c w5e h90\"><div class=\"t m0 x175 h87 y1c2d ff17d fs3a fc2 sc0 ls21 ws35\">2,32<span class=\"_ _2\"></span>6,668<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e3c w5c h90\"><div class=\"t m0 x197 h88 y1c2d ff17f fs3a fc2 sc0 ls7f wsd9\">200,446<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e3c w5f h90\"><div class=\"t m0 x17d h88 y1c2d ff17f fs3a fc2 sc0 ls85 wsda\">1,<span class=\"_ _2\"></span>660,0<span class=\"_ _2\"></span>51<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e3c w5f h90\"><div class=\"t m0 x17c h88 y1c2d ff17f fs3a fc2 sc0 ls20 ws36\">1,860,497<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e3c w5c h90\"><div class=\"t m0 x17c h88 y1c2d ff17f fs3a fc2 sc0 ls20 ws36\">1,979,333<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e3d wcf h86\"><div class=\"t m0 x0 h88 y1bde ff17f fs3a fc2 sc0 ls29 ws42\">Other cur<span class=\"_ _2\"></span>rent liabilit<span class=\"_ _2\"></span>ies<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x384 y2e3d w5e h86\"><div class=\"t m0 x180 h87 y1bde ff17d fs3a fc2 sc0 ls76 wsb9\">42,918<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e3d wc6 h86\"><div class=\"t m0 x1be h87 y1bde ff181 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span></div></td><td class=\"c x386 y2e3d w5f h86\"><div class=\"t m0 x17f h87 y1bde ff17d fs3a fc2 sc0 ls23 ws39\">42,918<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e3d w5e h86\"><div class=\"t m0 x17f h87 y1bde ff17d fs3a fc2 sc0 ls23 ws39\">42,918<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e3d w5c h86\"><div class=\"t m0 x181 h88 y1bde ff17f fs3a fc2 sc0 ls7f wsd9\">56,031<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e3d w5f h86\"><div class=\"t m0 x1be h88 y1bde ff180 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff17f\"> </span></div></td><td class=\"c x2b2 y2e3d w5f h86\"><div class=\"t m0 x181 h88 y1bde ff17f fs3a fc2 sc0 ls7f wsd9\">56,031<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e3d w5c h86\"><div class=\"t m0 x181 h88 y1bde ff17f fs3a fc2 sc0 ls7f wsd9\">56,031<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x24e h87 y2e3e ff17d fs3a fc2 sc0 ls76 wsb9\">931,901<span class=\"_ _195\"> </span></td><td class=\"t m0 x38a h87 y2e3e ff17d fs3a fc2 sc0 ls76 wsb9\">2,182,676<span class=\"_ _195\"> </span></td><td class=\"t m0 x30d h87 y2e3e ff17d fs3a fc2 sc0 ls21 ws35\">3,11<span class=\"_ _2\"></span>4,577<span class=\"_ _195\"> </span></td><td class=\"t m0 x38b h87 y2e3e ff17d fs3a fc2 sc0 ls21 ws35\">3,22<span class=\"_ _2\"></span>4,175<span class=\"_ _195\"> </span></td><td class=\"t m0 x38c h88 y2e3e ff17f fs3a fc2 sc0 ls7f wsd9\">761,559<span class=\"_ _195\"> </span></td><td class=\"t m0 x38d h88 y2e3e ff17f fs3a fc2 sc0 ls85 wsda\">1,<span class=\"_ _2\"></span>945,4<span class=\"_ _2\"></span>81<span class=\"_ _195\"> </span></td><td class=\"t m0 x38e h88 y2e3e ff17f fs3a fc2 sc0 ls20 ws36\">2,707,040<span class=\"_ _195\"> </span></td><td class=\"t m0 x38f h88 y2e3e ff17f fs3a fc2 sc0 ls20 ws36\">2,825,876<span class=\"_ _195\"> </span></td></tr></table><div class=\"gs8f\"><table class=\"s w14c h154\" id=\"_9d4dc921-35fb-4e70-ae38-d35b44cf76c8\"><tr><td></td><td></td><td></td><td class=\"c x384 y2e3f wd3 h80\"><div class=\"t m0 x220 h85 y1bd2 ff185 fs3b fc2 sc0 ls65 ws9b\">November 30<span class=\"_ _2\"></span>, 20<span class=\"ls1b ws2f\">25</span><span class=\"ls1b ws2f\"><span class=\"ls1 ws0\"> </span></span></div></td><td></td><td></td><td></td><td class=\"c x32c y2e3f wd4 h80\"><div class=\"t m0 x220 h82 y1bd2 ff184 fs3b fc2 sc0 ls1 ws32\">November 30, 20<span class=\"ls78 wsbd\">24</span><span class=\"ws0\"> </span></div></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c x386 y2e40 w5f hb4\"><div class=\"t m0 x17e h85 y1c8c ff185 fs3b fc2 sc0 ls1 ws9a\">Total carrying </div></td><td></td><td></td><td></td><td class=\"c x2b2 y2e40 w5f hb4\"><div class=\"t m0 x19a h82 y1c8c ff184 fs3b fc2 sc0 ls1e ws2f\">Total carrying </div></td><td></td></tr><tr><td class=\"c x246 y2e41 w150 h102\"><div class=\"t m0 x245 h82 y29a6 ff184 fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2b9 h82 y29a7 ff184 fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x2e6 h85 y2e42 ff185 fs3b fc2 sc0 ls65 ws99\">Current<span class=\"_ _195\"> </span></td><td class=\"t m0 x38a h85 y2e42 ff185 fs3b fc2 sc0 ls1d ws31\">Non<span class=\"ls1 ws0\">-current<span class=\"_ _195\"> </span></span></td><td class=\"t m0 x300 h85 y2e42 ff185 fs3b fc2 sc0 ls65 ws99\">value<span class=\"_ _195\"> </span></td><td class=\"t m0 x390 h85 y2e42 ff185 fs3b fc2 sc0 ls65 ws99\">Fair <span class=\"ls1 ws0\">v</span>alue<span class=\"_ _195\"> </span></td><td class=\"t m0 x323 h82 y2e42 ff184 fs3b fc2 sc0 ls38 ws5e\">Curre<span class=\"_ _1\"></span>nt<span class=\"_ _195\"> </span></td><td class=\"t m0 x391 h82 y2e42 ff184 fs3b fc2 sc0 ls1 ws0\">Non-<span class=\"ls1e ws32\">current<span class=\"_ _195\"> </span></span></td><td class=\"t m0 x2ad h82 y2e42 ff184 fs3b fc2 sc0 ls2d ws4a\">value<span class=\"_ _195\"> </span></td><td class=\"t m0 x392 h82 y2e42 ff184 fs3b fc2 sc0 ls1e ws32\">Fair <span class=\"ls1 ws0\">v<span class=\"ls2d ws4a\">alue<span class=\"_ _195\"> </span></span></span></td></tr><tr><td class=\"c x24b y2e43 wcf h86\"><div class=\"t m0 x0 h87 y1bf4 ff185 fs3a fc2 sc0 ls2c ws5a\">Derivative Financial Ins<span class=\"_ _1\"></span>truments at<span class=\"ls1 ws0\"> F<span class=\"_ _1\"></span><span class=\"ls2e ws5c\">air<span class=\"ls1 ws0\"> V<span class=\"_ _1\"></span><span class=\"ls2e ws5c\">alue</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls2e ws5c\"><span class=\"ls1 ws0\"><span class=\"ls2e ws5c\"><span class=\"_ _2\"></span><span class=\"ff186 ls1 ws0\"> </span></span></span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e44 wcf h8a\"><div class=\"t m0 x0 h91 y1c3f ff187 fs3a fc2 sc0 ls1f ws43\">Assets<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e45 wcf h86\"><div class=\"t m0 x0 h88 y1bf4 ff184 fs3a fc2 sc0 ls24 ws3a\">Foreign currency exchange contr<span class=\"_ _2\"></span>acts <span class=\"ff188 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff184\"> <span class=\"ls24 ws3a\">cash flow hedges</span></span></span><span class=\"ff188 ls1 ws0\"><span class=\"ff184\"> </span></span></div></td><td class=\"c x384 y2e45 w5e h86\"><div class=\"t m0 x187 h87 y1bf4 ff185 fs3a fc2 sc0 ls21 ws35\">3,68<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e45 wc6 h86\"><div class=\"t m0 x1be h87 y1bf4 ff189 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff185\"> </span></div></td><td class=\"c x386 y2e45 w5f h86\"><div class=\"t m0 x187 h87 y1bf4 ff185 fs3a fc2 sc0 ls21 ws35\">3,68<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e45 w5e h86\"><div class=\"t m0 x187 h87 y1bf4 ff185 fs3a fc2 sc0 ls21 ws35\">3,68<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e45 w5c h86\"><div class=\"t m0 x179 h88 y1bf4 ff184 fs3a fc2 sc0 ls20 ws36\">3,142<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e45 w5f h86\"><div class=\"t m0 x1be h88 y1bf4 ff188 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff184\"> </span></div></td><td class=\"c x2b2 y2e45 w5f h86\"><div class=\"t m0 x179 h88 y1bf4 ff184 fs3a fc2 sc0 ls20 ws36\">3,142<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e45 w5c h86\"><div class=\"t m0 x179 h88 y1bf4 ff184 fs3a fc2 sc0 ls20 ws36\">3,142<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e46 wcf h86\"><div class=\"t m0 x0 h88 y1bef ff184 fs3a fc2 sc0 ls26 ws3d\">Interest rate swaps<span class=\"ls1 ws0\"> <span class=\"_ _3\"></span><span class=\"ff188\">\u2013<span class=\"ff184\"> <span class=\"ls24 ws3a\">cash f<span class=\"_ _1\"></span>low hed<span class=\"_ _2\"></span>ges</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ff188\"><span class=\"ff184\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></span></span></div></td><td class=\"c x384 y2e46 w5e h86\"><div class=\"t m0 x187 h87 y1bef ff185 fs3a fc2 sc0 ls21 ws35\">2,95<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e46 wc6 h86\"><div class=\"t m0 x185 h87 y1bef ff185 fs3a fc2 sc0 ls21 ws35\">411<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e46 w5f h86\"><div class=\"t m0 x187 h87 y1bef ff185 fs3a fc2 sc0 ls21 ws35\">3,36<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e46 w5e h86\"><div class=\"t m0 x187 h87 y1bef ff185 fs3a fc2 sc0 ls21 ws35\">3,36<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e46 w5c h86\"><div class=\"t m0 x179 h88 y1bef ff184 fs3a fc2 sc0 ls20 ws36\">3,283<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e46 w5f h86\"><div class=\"t m0 x179 h88 y1bef ff184 fs3a fc2 sc0 ls20 ws36\">2,337<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e46 w5f h86\"><div class=\"t m0 x179 h88 y1bef ff184 fs3a fc2 sc0 ls20 ws36\">5,620<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e46 w5c h86\"><div class=\"t m0 x179 h88 y1bef ff184 fs3a fc2 sc0 ls20 ws36\">5,620<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e47 wcf h8c\"><div class=\"t m0 x0 h88 y1c4d ff184 fs3a fc2 sc0 ls22 ws3e\">Cross<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls22 ws37\">currency interest ra<span class=\"_ _1\"></span>te swaps<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ff188\">\u2013<span class=\"ff184\"> <span class=\"_ _1\"></span><span class=\"ls24 ws3a\">cash flow he<span class=\"_ _2\"></span>dges</span></span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls22 ws37\"><span class=\"ls1 ws0\"><span class=\"ff188\"><span class=\"ff184\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></span></span></span></span></div></td><td class=\"c x384 y2e47 w5e h8c\"><div class=\"t m0 x185 h87 y1c4d ff185 fs3a fc2 sc0 ls21 ws35\">490<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e47 wc6 h8c\"><div class=\"t m0 x187 h87 y1c4d ff185 fs3a fc2 sc0 ls21 ws35\">3,58<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e47 w5f h8c\"><div class=\"t m0 x187 h87 y1c4d ff185 fs3a fc2 sc0 ls21 ws35\">4,07<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e47 w5e h8c\"><div class=\"t m0 x187 h87 y1c4d ff185 fs3a fc2 sc0 ls21 ws35\">4,07<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e47 w5c h8c\"><div class=\"t m0 x184 h88 y1c4d ff184 fs3a fc2 sc0 ls20 ws36\">189<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e47 w5f h8c\"><div class=\"t m0 x1be h88 y1c4d ff188 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff184\"> </span></div></td><td class=\"c x2b2 y2e47 w5f h8c\"><div class=\"t m0 x184 h88 y1c4d ff184 fs3a fc2 sc0 ls20 ws36\">189<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e47 w5c h8c\"><div class=\"t m0 x184 h88 y1c4d ff184 fs3a fc2 sc0 ls20 ws36\">189<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e48 wcf h89\"><div class=\"t m0 x0 h88 y1bfa ff184 fs3a fc2 sc0 ls22 ws37\">Carbon emi<span class=\"_ _1\"></span>ssion forward con<span class=\"_ _1\"></span>tracts <span class=\"ff188 ls1 ws0\">\u2013<span class=\"ff184\"> <span class=\"_ _1\"></span><span class=\"ls24 ws3a\">cash flow hedges</span></span></span><span class=\"ff188 ls1 ws0\"><span class=\"ff184\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></span></div></td><td class=\"c x384 y2e48 w5e h89\"><div class=\"t m0 x187 h87 y1bfa ff185 fs3a fc2 sc0 ls21 ws35\">1,32<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e48 wc6 h89\"><div class=\"t m0 x1be h87 y1bfa ff189 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff185\"> </span></div></td><td class=\"c x386 y2e48 w5f h89\"><div class=\"t m0 x187 h87 y1bfa ff185 fs3a fc2 sc0 ls21 ws35\">1,32<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e48 w5e h89\"><div class=\"t m0 x187 h87 y1bfa ff185 fs3a fc2 sc0 ls21 ws35\">1,32<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e48 w5c h89\"><div class=\"t m0 x184 h88 y1bfa ff184 fs3a fc2 sc0 ls20 ws36\">400<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e48 w5f h89\"><div class=\"t m0 x1be h88 y1bfa ff188 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff184\"> </span></div></td><td class=\"c x2b2 y2e48 w5f h89\"><div class=\"t m0 x184 h88 y1bfa ff184 fs3a fc2 sc0 ls20 ws36\">400<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e48 w5c h89\"><div class=\"t m0 x184 h88 y1bfa ff184 fs3a fc2 sc0 ls20 ws36\">400<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x384 y2e49 w5e h8b\"><div class=\"t m0 x187 h87 y1c50 ff185 fs3a fc2 sc0 ls21 ws35\">8,44<span class=\"_ _2\"></span>9<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e49 wc6 h8b\"><div class=\"t m0 x187 h87 y1c50 ff185 fs3a fc2 sc0 ls21 ws35\">3,99<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e49 w5f h8b\"><div class=\"t m0 x17f h87 y1c50 ff185 fs3a fc2 sc0 ls23 ws39\">12,441<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e49 w5e h8b\"><div class=\"t m0 x17f h87 y1c50 ff185 fs3a fc2 sc0 ls23 ws39\">12,441<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e49 w5c h8b\"><div class=\"t m0 x179 h88 y1c50 ff184 fs3a fc2 sc0 ls20 ws36\">7,014<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e49 w5f h8b\"><div class=\"t m0 x179 h88 y1c50 ff184 fs3a fc2 sc0 ls20 ws36\">2,337<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e49 w5f h8b\"><div class=\"t m0 x179 h88 y1c50 ff184 fs3a fc2 sc0 ls20 ws36\">9,351<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e49 w5c h8b\"><div class=\"t m0 x179 h88 y1c50 ff184 fs3a fc2 sc0 ls20 ws36\">9,351<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e4a wcf h8e\"><div class=\"t m0 x0 h91 y244b ff187 fs3a fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x0 h88 y1bdc ff187 fs3a fc2 sc0 ls25 ws41\">Liabilities<span class=\"ff184 ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e4b wcf h86\"><div class=\"t m0 x0 h88 y1bde ff184 fs3a fc2 sc0 ls22 ws3e\">Cross<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls22 ws37\">currency interest ra<span class=\"_ _1\"></span>te swaps <span class=\"ff188 ls1 ws0\">\u2013<span class=\"ff184\"> <span class=\"_ _3\"></span><span class=\"ls24 ws3a\">c<span class=\"_ _2\"></span>ash flow hedges</span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls22 ws37\"><span class=\"ff188 ls1 ws0\"><span class=\"ff184\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></span></span></span></div></td><td class=\"c x384 y2e4b w5e h86\"><div class=\"t m0 x185 h87 y1bde ff185 fs3a fc2 sc0 ls21 ws35\">265<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e4b wc6 h86\"><div class=\"t m0 x187 h87 y1bde ff185 fs3a fc2 sc0 ls21 ws35\">4,31<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e4b w5f h86\"><div class=\"t m0 x187 h87 y1bde ff185 fs3a fc2 sc0 ls21 ws35\">4,57<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e4b w5e h86\"><div class=\"t m0 x187 h87 y1bde ff185 fs3a fc2 sc0 ls21 ws35\">4,57<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e4b w5c h86\"><div class=\"t m0 x184 h88 y1bde ff184 fs3a fc2 sc0 ls20 ws36\">776<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e4b w5f h86\"><div class=\"t m0 x179 h88 y1bde ff184 fs3a fc2 sc0 ls20 ws36\">7,860<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e4b w5f h86\"><div class=\"t m0 x179 h88 y1bde ff184 fs3a fc2 sc0 ls20 ws36\">8,636<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e4b w5c h86\"><div class=\"t m0 x179 h88 y1bde ff184 fs3a fc2 sc0 ls20 ws36\">8,636<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e4c wcf h8a\"><div class=\"t m0 x0 h88 y1c2d ff184 fs3a fc2 sc0 ls24 ws3a\">Foreign currency exchange contr<span class=\"_ _2\"></span>acts<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ff188\">\u2013<span class=\"ff184\"> <span class=\"_ _3\"></span><span class=\"ls24 ws3a\">c<span class=\"_ _2\"></span>ash flow hedges</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ff188\"><span class=\"ff184\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></span></span></div></td><td class=\"c x384 y2e4c w5e h8a\"><div class=\"t m0 x187 h87 y1c2d ff185 fs3a fc2 sc0 ls21 ws35\">1,33<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e4c wc6 h8a\"><div class=\"t m0 x1be h87 y1c2d ff189 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff185\"> </span></div></td><td class=\"c x386 y2e4c w5f h8a\"><div class=\"t m0 x187 h87 y1c2d ff185 fs3a fc2 sc0 ls21 ws35\">1,33<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e4c w5e h8a\"><div class=\"t m0 x187 h87 y1c2d ff185 fs3a fc2 sc0 ls21 ws35\">1,33<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e4c w5c h8a\"><div class=\"t m0 x179 h88 y1c2d ff184 fs3a fc2 sc0 ls20 ws36\">5,720<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e4c w5f h8a\"><div class=\"t m0 x1be h88 y1c2d ff188 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff184\"> </span></div></td><td class=\"c x2b2 y2e4c w5f h8a\"><div class=\"t m0 x179 h88 y1c2d ff184 fs3a fc2 sc0 ls20 ws36\">5,720<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e4c w5c h8a\"><div class=\"t m0 x179 h88 y1c2d ff184 fs3a fc2 sc0 ls20 ws36\">5,720<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e4d wcf h86\"><div class=\"t m0 x0 h88 y1bde ff184 fs3a fc2 sc0 ls26 ws3d\">Interest rate swaps<span class=\"ls1 ws0\"> <span class=\"_ _3\"></span><span class=\"ff188\">\u2013<span class=\"ff184\"> <span class=\"ls24 ws3a\">cash f<span class=\"_ _1\"></span>low hed<span class=\"_ _2\"></span>ges</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ff188\"><span class=\"ff184\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></span></span></div></td><td class=\"c x384 y2e4d w5e h86\"><div class=\"t m0 x187 h87 y1bde ff185 fs3a fc2 sc0 ls21 ws35\">2,65<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e4d wc6 h86\"><div class=\"t m0 x187 h87 y1bde ff185 fs3a fc2 sc0 ls21 ws35\">7,01<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e4d w5f h86\"><div class=\"t m0 x187 h87 y1bde ff185 fs3a fc2 sc0 ls21 ws35\">9,66<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e4d w5e h86\"><div class=\"t m0 x187 h87 y1bde ff185 fs3a fc2 sc0 ls21 ws35\">9,66<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e4d w5c h86\"><div class=\"t m0 x184 h88 y1bde ff184 fs3a fc2 sc0 ls20 ws36\">846<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e4d w5f h86\"><div class=\"t m0 x179 h88 y1bde ff184 fs3a fc2 sc0 ls20 ws36\">4,811<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e4d w5f h86\"><div class=\"t m0 x179 h88 y1bde ff184 fs3a fc2 sc0 ls20 ws36\">5,657<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e4d w5c h86\"><div class=\"t m0 x179 h88 y1bde ff184 fs3a fc2 sc0 ls20 ws36\">5,657<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x384 y2e4e w5e h86\"><div class=\"t m0 x187 h87 y1be4 ff185 fs3a fc2 sc0 ls21 ws35\">4,24<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e4e wc6 h86\"><div class=\"t m0 x17f h87 y1be4 ff185 fs3a fc2 sc0 ls23 ws39\">11,320<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e4e w5f h86\"><div class=\"t m0 x17f h87 y1be4 ff185 fs3a fc2 sc0 ls23 ws39\">15,566<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e4e w5e h86\"><div class=\"t m0 x17f h87 y1be4 ff185 fs3a fc2 sc0 ls23 ws39\">15,566<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e4e w5c h86\"><div class=\"t m0 x179 h88 y1be4 ff184 fs3a fc2 sc0 ls20 ws36\">7,342<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e4e w5f h86\"><div class=\"t m0 x180 h88 y1be4 ff184 fs3a fc2 sc0 ls20 ws36\">12,671<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e4e w5f h86\"><div class=\"t m0 x180 h88 y1be4 ff184 fs3a fc2 sc0 ls20 ws36\">20,013<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e4e w5c h86\"><div class=\"t m0 x180 h88 y1be4 ff184 fs3a fc2 sc0 ls20 ws36\">20,013<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 ha5 ff18a fs40 fcb sc0 ls1 ws0 gs4a9\">Fair value of financial instruments </div><div class=\"t m0 h98 ff184 fs39 fc2 sc0 ls30 ws50 gs4aa\">The e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ated fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> amou<span class=\"_ _2\"></span>nts of<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nancia<span class=\"_ _2\"></span>l i<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>uments<span class=\"_ _2\"></span> have<span class=\"_ _2\"></span> bee<span class=\"_ _2\"></span>n determ<span class=\"_ _2\"></span>ined<span class=\"_ _2\"></span> by<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span>, us<span class=\"_ _2\"></span>ing <span class=\"_ _2\"></span>approp<span class=\"_ _2\"></span>ria<span class=\"_ _2\"></span>te mark<span class=\"_ _2\"></span>et<span class=\"_ _2\"></span> inform<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>tion <span class=\"_ _2\"></span>and v<span class=\"_ _2\"></span>alua<span class=\"_ _2\"></span>tion m<span class=\"_ _2\"></span>ethod<span class=\"_ _2\"></span>ologi<span class=\"_ _2\"></span>es.<span class=\"_ _2\"></span> Con<span class=\"_ _2\"></span>side<span class=\"_ _2\"></span>rable<span class=\"_ _2\"></span> judge<span class=\"_ _2\"></span>ment i<span class=\"_ _2\"></span>s re<span class=\"_ _2\"></span>qui<span class=\"_ _2\"></span>red <span class=\"_ _2\"></span>to </div><div class=\"t m0 h98 ff184 fs39 fc2 sc0 ls2f ws70 gs4ab\">develop these estim<span class=\"_ _2\"></span>ates of f<span class=\"_ _2\"></span>air v<span class=\"_ _2\"></span>alue, so the e<span class=\"_ _2\"></span>stimates p<span class=\"_ _2\"></span>ro<span class=\"ls30 ws50\">vided<span class=\"_ _2\"></span> h<span class=\"_ _2\"></span>ere are<span class=\"_ _2\"></span> not<span class=\"_ _2\"></span> nec<span class=\"_ _2\"></span>essari<span class=\"_ _2\"></span>ly i<span class=\"_ _2\"></span>ndica<span class=\"_ _2\"></span>tiv<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nts <span class=\"_ _2\"></span>that c<span class=\"_ _2\"></span>ould<span class=\"_ _2\"></span> be r<span class=\"_ _2\"></span>eali<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> in a c<span class=\"_ _2\"></span>ur<span class=\"_ _2\"></span>rent m<span class=\"_ _2\"></span>arke<span class=\"_ _2\"></span>t exc<span class=\"_ _2\"></span>hange<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 h98 ff184 fs39 fc2 sc0 ls30 ws50 gs4ac\">The c<span class=\"_ _2\"></span>arryi<span class=\"_ _2\"></span>ng am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> of ca<span class=\"_ _2\"></span>sh a<span class=\"_ _2\"></span>nd c<span class=\"_ _2\"></span>ash <span class=\"_ _2\"></span>equival<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s, re<span class=\"_ _2\"></span>ceiv<span class=\"_ _2\"></span>ables<span class=\"_ _2\"></span>, othe<span class=\"_ _2\"></span>r c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>nt a<span class=\"_ _2\"></span>ssets,<span class=\"_ _2\"></span> acc<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span><span class=\"ls1 ws0\">s <span class=\"_ _1\"></span><span class=\"ls30 ws50\">pay<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span> (excl<span class=\"_ _2\"></span>uding<span class=\"_ _2\"></span> wit<span class=\"_ _2\"></span>hhold<span class=\"_ _2\"></span>ing a<span class=\"_ _2\"></span>nd v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span>added tax<span class=\"_ _2\"></span> payab<span class=\"_ _2\"></span>les<span class=\"_ _2\"></span>), acc<span class=\"_ _2\"></span>rued<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>enses<span class=\"_ _2\"></span><span class=\"ls2f ws70\">, other<span class=\"_ _2\"></span> current li<span class=\"_ _2\"></span>abilities<span class=\"ls1 ws0\"> </span></span></span></span></div><div class=\"t m0 h98 ff184 fs39 fc2 sc0 ls30 ws50 gs4ad\">and di<span class=\"_ _2\"></span>vide<span class=\"_ _2\"></span>nd pay<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> a re<span class=\"_ _2\"></span>aso<span class=\"_ _2\"></span>nable<span class=\"_ _2\"></span> estim<span class=\"_ _2\"></span>ate o<span class=\"_ _2\"></span>f the<span class=\"_ _2\"></span>ir <span class=\"_ _2\"></span>fair <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span>, ow<span class=\"_ _2\"></span>ing to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span>ir s<span class=\"_ _2\"></span>hort<span class=\"_ _2\"></span> matu<span class=\"_ _2\"></span>rity.<span class=\"_ _2\"></span> <span class=\"ws52\">Lo<span class=\"_ _2\"></span>ng<span class=\"ls1 ws0\">-</span></span>term lea<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span> are <span class=\"_ _2\"></span>exem<span class=\"_ _2\"></span>pt from<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>disclos<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span> of f<span class=\"_ _2\"></span>air v<span class=\"_ _2\"></span>alue m<span class=\"_ _2\"></span>eas<span class=\"_ _2\"></span>urem<span class=\"_ _2\"></span>ents s<span class=\"_ _2\"></span>o f<span class=\"_ _2\"></span>air v<span class=\"_ _2\"></span>alue eq<span class=\"_ _2\"></span>ual<span class=\"_ _2\"></span>s book<span class=\"_ _2\"></span> v<span class=\"_ _2\"></span>alue. </div><div class=\"t m0 h98 ff184 fs39 fc2 sc0 ls30 ws52 gs4ae\">Long<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">term debt i<span class=\"_ _2\"></span>n the table <span class=\"_ _2\"></span>above ex<span class=\"_ _2\"></span>cludes debt i<span class=\"_ _2\"></span>ssuance cos<span class=\"_ _2\"></span><span class=\"ls4a ws86\">ts of</span></span> <span class=\"ls31 ws51\">$17.7 million, as of both November 30, 2025</span> </span><span class=\"ff188 ws50\">and 2<span class=\"_ _2\"></span>024. T<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> estim<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue of <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span>\u2019s s<span class=\"_ _2\"></span>enior <span class=\"_ _2\"></span>unsec<span class=\"_ _2\"></span>ured<span class=\"_ _2\"></span> bond<span class=\"_ _2\"></span> issue<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>s bas<span class=\"_ _2\"></span>ed o<span class=\"_ _2\"></span>n </span></div><div class=\"t m0 h98 ff184 fs39 fc2 sc0 ls30 ws50 gs4af\">traded<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ues, w<span class=\"_ _2\"></span>hile<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> remai<span class=\"_ _2\"></span>ning <span class=\"_ _2\"></span>long<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">term debt is <span class=\"_ _2\"></span>based on i<span class=\"_ _2\"></span>nterest rates <span class=\"_ _2\"></span>as of No<span class=\"_ _2\"></span>vember 30, 2025<span class=\"_ _2\"></span> and 2024<span class=\"_ _2\"></span>, respectively<span class=\"_ _2\"></span>, using the di<span class=\"_ _2\"></span>scounted c<span class=\"_ _2\"></span>ash flow <span class=\"_ _2\"></span>meth<span class=\"_ _2\"></span>odology. The fai<span class=\"_ _2\"></span>r values of<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 h98 ff188 fs39 fc2 sc0 ls30 ws50 gs4b0\">the G<span class=\"_ _2\"></span>roup\u2019<span class=\"_ _2\"></span>s fore<span class=\"_ _2\"></span>ign <span class=\"_ _2\"></span>excha<span class=\"_ _2\"></span>nge c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> base<span class=\"_ _2\"></span>d on<span class=\"_ _2\"></span> thei<span class=\"_ _2\"></span>r est<span class=\"_ _2\"></span>imate<span class=\"_ _2\"></span>d m<span class=\"_ _2\"></span>arket<span class=\"_ _2\"></span> value<span class=\"_ _2\"></span>s as<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> Novem<span class=\"_ _2\"></span>ber 3<span class=\"_ _2\"></span>0, 20<span class=\"_ _2\"></span>25 <span class=\"_ _2\"></span>and 20<span class=\"_ _2\"></span>24,<span class=\"_ _2\"></span> respe<span class=\"_ _2\"></span>ctiv<span class=\"_ _2\"></span><span class=\"ff184\">el<span class=\"_ _2\"></span>y. Mark<span class=\"_ _2\"></span>et <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span> of i<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>rest <span class=\"_ _2\"></span>rate<span class=\"ls1 ws0\">, </span><span class=\"ws52\">cross<span class=\"ls1 ws0\">-</span><span class=\"ws4f\">curre<span class=\"_ _2\"></span>ncy i<span class=\"_ _2\"></span>nteres<span class=\"_ _2\"></span>t rate sw<span class=\"_ _2\"></span>aps<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">a<span class=\"_ _2\"></span>nd </span></span></span></span></span></div><div class=\"t m0 h98 ff184 fs39 fc2 sc0 ls30 ws50 gs4b1\">carbo<span class=\"_ _2\"></span>n emi<span class=\"_ _2\"></span>ssions<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>rward<span class=\"_ _2\"></span> con<span class=\"_ _2\"></span>tracts<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> w<span class=\"_ _1\"></span><span class=\"ls30 ws52\">ere<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">estima<span class=\"_ _2\"></span>ted based o<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">the amo<span class=\"_ _2\"></span>unt t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>Group w<span class=\"_ _2\"></span>ould<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>eive o<span class=\"_ _2\"></span>r p<span class=\"_ _2\"></span>ay to<span class=\"_ _2\"></span> term<span class=\"_ _2\"></span>inate<span class=\"_ _2\"></span> its<span class=\"_ _2\"></span> agr<span class=\"_ _2\"></span>eem<span class=\"_ _2\"></span>ents a<span class=\"_ _2\"></span>s of <span class=\"_ _2\"></span>Nove<span class=\"_ _2\"></span>mber<span class=\"_ _2\"></span> 30, 2<span class=\"_ _2\"></span>025 <span class=\"_ _2\"></span>and<span class=\"_ _2\"></span> 2024<span class=\"_ _2\"></span>.<span class=\"_ _195\"> </span></span></span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"><span class=\"ls1 ws0\">  </span></span></span></span></span></div><div class=\"t m0 h98 ff188 fs39 fc2 sc0 ls30 ws50 gs4b2\">The e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ated v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span>\u2019s fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al a<span class=\"_ _2\"></span>ssets<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> marke<span class=\"_ _2\"></span>tab<span class=\"_ _2\"></span>le sec<span class=\"_ _2\"></span>urit<span class=\"_ _2\"></span>ies a<span class=\"_ _2\"></span>re b<span class=\"_ _2\"></span>ased o<span class=\"_ _2\"></span>n tr<span class=\"_ _2\"></span>ade<span class=\"_ _2\"></span>d value<span class=\"_ _2\"></span>. T<span class=\"_ _2\"></span>he esti<span class=\"_ _2\"></span>mate<span class=\"_ _2\"></span>d v<span class=\"_ _2\"></span>alue <span class=\"_ _2\"></span><span class=\"ff184\">of i<span class=\"_ _2\"></span>ts se<span class=\"_ _2\"></span>nio<span class=\"_ _2\"></span>r u<span class=\"_ _2\"></span>nsecure<span class=\"_ _2\"></span>d bond<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>issue<span class=\"_ _2\"></span>s is b<span class=\"_ _2\"></span>ased <span class=\"_ _2\"></span>on t<span class=\"_ _2\"></span>raded<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ues<span class=\"ls1 ws0\"> <span class=\"ls2f ws75\">(Level 1 </span></span></span></div><div class=\"t m0 h98 ff184 fs39 fc2 sc0 ls30 ws50 gs4b3\">valua<span class=\"_ _2\"></span>tion m<span class=\"_ _2\"></span>ethod<span class=\"_ _2\"></span>), w<span class=\"_ _2\"></span>hile<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>valu<span class=\"_ _2\"></span>es o<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> rem<span class=\"_ _2\"></span>aining<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ng<span class=\"ls1 ws0\">-<span class=\"ls53 ws32\">term d<span class=\"_ _2\"></span>ebt </span></span><span class=\"ws52\">are<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>based o<span class=\"_ _2\"></span>n in<span class=\"_ _2\"></span>terest<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span><span class=\"ls2f ws70\">s a<span class=\"_ _2\"></span>s of Novembe<span class=\"_ _2\"></span>r 30, 2025<span class=\"_ _2\"></span> and 2024<span class=\"_ _2\"></span>, respectively,<span class=\"_ _2\"></span> using the di<span class=\"_ _2\"></span>scounted cash fl<span class=\"_ _2\"></span>ow method<span class=\"_ _2\"></span>ology (Level 2 </span></div><div class=\"t m0 h98 ff188 fs39 fc2 sc0 ls30 ws50 gs4b4\">valua<span class=\"_ _2\"></span>tion m<span class=\"_ _2\"></span>ethod<span class=\"_ _2\"></span>). T<span class=\"_ _2\"></span>he f<span class=\"_ _2\"></span>air <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span>s of t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span>\u2019s f<span class=\"_ _2\"></span>oreig<span class=\"_ _2\"></span>n exc<span class=\"_ _2\"></span>hang<span class=\"_ _2\"></span>e and<span class=\"_ _2\"></span> bunke<span class=\"_ _2\"></span>r c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>acts <span class=\"_ _2\"></span>are b<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span>d on t<span class=\"_ _2\"></span>heir e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> ma<span class=\"_ _2\"></span>r<span class=\"ff184 ls2f ws70\">ket v<span class=\"_ _2\"></span>alues as<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">of November 30, 2025 and </span></span></span><span class=\"ff184\">2024<span class=\"_ _2\"></span>. Mark<span class=\"_ _2\"></span>et <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span> of i<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>rest <span class=\"_ _2\"></span>rate<span class=\"ls1 ws0\"> </span><span class=\"ws52\">and<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 h98 ff184 fs39 fc2 sc0 ls30 ws52 gs4b5\">cross<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>ncy i<span class=\"_ _2\"></span>nteres<span class=\"_ _2\"></span>t ra<span class=\"_ _2\"></span>te s<span class=\"_ _2\"></span>waps a<span class=\"_ _2\"></span>re e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ated b<span class=\"_ _2\"></span>ased<span class=\"_ _2\"></span> on<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">t<span class=\"_ _2\"></span>he<span class=\"ls1 ws0\"> </span><span class=\"ws50\">amoun<span class=\"_ _2\"></span>t the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up woul<span class=\"_ _2\"></span>d rec<span class=\"_ _2\"></span>eive<span class=\"_ _2\"></span> or p<span class=\"_ _2\"></span>ay <span class=\"_ _2\"></span>to te<span class=\"_ _2\"></span>rmin<span class=\"_ _2\"></span>ate i<span class=\"_ _2\"></span>ts <span class=\"_ _2\"></span>agreem<span class=\"_ _2\"></span>ents <span class=\"_ _2\"></span>as of<span class=\"_ _2\"></span> Nove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 30<span class=\"_ _2\"></span>, 2025<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> 20<span class=\"_ _2\"></span>24.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ws50\"><span class=\"ls1 ws0\"><span class=\"_ _1\"></span> </span></span></span></span></span></span></div><div class=\"t m0 ha5 ff18d fs40 fcb sc0 ls1 ws0 gs4b7\">Derivatives  </div><div class=\"t m0 h98 ff18e fs39 fc2 sc0 ls2f ws70 gs4b8\">The Group has<span class=\"_ _2\"></span> derivative <span class=\"_ _2\"></span>assets of $1<span class=\"_ _2\"></span>2.4 millio<span class=\"_ _2\"></span>n and $9.4 mi<span class=\"_ _2\"></span>llion as <span class=\"_ _2\"></span>of November<span class=\"_ _2\"></span> 30, 2025 <span class=\"_ _2\"></span>and </div><div class=\"t m0 h98 ff18e fs39 fc2 sc0 ls31 ws51 gs4b9\">2024, respectively<span class=\"ls1 ws0\">,<span class=\"_ _1\"></span> <span class=\"ls2f ws70\">and derivative<span class=\"_ _2\"></span> liabilities <span class=\"_ _2\"></span>of $15.6 millio<span class=\"_ _2\"></span>n and $2<span class=\"_ _2\"></span>0.0 million <span class=\"_ _2\"></span>as of <span class=\"_ _2\"></span>November 30, </span></span></div><div class=\"t m0 h98 ff18f fs39 fc2 sc0 ls30 ws50 gs4ba\">2025<span class=\"_ _2\"></span> and 20<span class=\"_ _2\"></span>24,<span class=\"_ _2\"></span> resp<span class=\"_ _2\"></span>ective<span class=\"_ _2\"></span>ly.<span class=\"_ _2\"></span> All t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup<span class=\"_ _2\"></span>\u2019s deri<span class=\"_ _2\"></span>vative<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>activi<span class=\"_ _2\"></span>ties <span class=\"_ _2\"></span>are f<span class=\"_ _2\"></span>inanc<span class=\"_ _2\"></span>ial i<span class=\"_ _2\"></span>nst<span class=\"_ _2\"></span>rument<span class=\"_ _2\"></span>s e<span class=\"_ _2\"></span>ntered<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff18f fs39 fc2 sc0 ls30 ws50 gs4bb\">into w<span class=\"_ _2\"></span>ith<span class=\"_ _2\"></span> major<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nancial<span class=\"_ _2\"></span> inst<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>utions<span class=\"_ _2\"></span> and b<span class=\"_ _2\"></span>roke<span class=\"_ _2\"></span>rs fo<span class=\"_ _2\"></span>r he<span class=\"_ _2\"></span>dging<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Gr<span class=\"_ _2\"></span>oup\u2019<span class=\"ff18e ls2f ws70\">s<span class=\"_ _2\"></span> committed exp<span class=\"_ _2\"></span>osures, <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 h98 ff18e fs39 fc2 sc0 ls2f ws70 gs4bc\">or firm comm<span class=\"_ _2\"></span>itments with<span class=\"_ _2\"></span> major financ<span class=\"_ _2\"></span>ial credit in<span class=\"_ _2\"></span>stitutions, s<span class=\"_ _2\"></span>hipbuilders <span class=\"_ _2\"></span>and ship<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">rep<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span> yards<span class=\"_ _2\"></span>. </span></span></div><div class=\"t m0 h98 ff18e fs39 fc2 sc0 ls30 ws52 gs4bd\">The<span class=\"ls1 ws0\"> </span><span class=\"ws50\">fair <span class=\"_ _2\"></span>values<span class=\"_ _2\"></span> o<span class=\"ff18f\">f<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span>\u2019s fo<span class=\"_ _2\"></span>rei<span class=\"_ _2\"></span>gn exc<span class=\"_ _2\"></span>hange<span class=\"_ _2\"></span> con<span class=\"_ _2\"></span>tracts<span class=\"_ _2\"></span></span><span class=\"ls59 ws95\">, </span></span>cross<span class=\"ls1 ws0\">-</span><span class=\"ws50\">curre<span class=\"_ _2\"></span>ncy i<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>rest <span class=\"_ _2\"></span>rate s<span class=\"_ _2\"></span>waps<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 h98 ff18e fs39 fc2 sc0 ls30 ws50 gs4be\">and ca<span class=\"_ _2\"></span>rbon<span class=\"_ _2\"></span> emis<span class=\"_ _2\"></span>sions<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>rward c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>racts<span class=\"_ _2\"></span> are b<span class=\"_ _2\"></span>ased<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>thei<span class=\"_ _2\"></span>r est<span class=\"_ _2\"></span>im<span class=\"_ _2\"></span>ated m<span class=\"_ _2\"></span>arket <span class=\"_ _2\"></span>val<span class=\"_ _2\"></span>ues <span class=\"_ _2\"></span>as of </div><div class=\"t m0 h98 ff18e fs39 fc2 sc0 ls31 ws51 gs4bf\">November 30, 2025 and 2024<span class=\"ls2f ws75\">, respectively<span class=\"ls4c ws79\">. <span class=\"ls30 ws50\">Der<span class=\"_ _2\"></span>ivative<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al i<span class=\"_ _2\"></span>nstrum<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span> are m<span class=\"_ _2\"></span>eas<span class=\"_ _2\"></span>ured<span class=\"_ _2\"></span> using<span class=\"_ _2\"></span> </span></span></span></div><div class=\"t m0 h98 ff18e fs39 fc2 sc0 ls30 ws50 gs4c0\">inputs<span class=\"_ _2\"></span> ot<span class=\"_ _2\"></span>her t<span class=\"_ _2\"></span>han q<span class=\"_ _2\"></span>uoted<span class=\"_ _2\"></span> value<span class=\"_ _2\"></span>s. <span class=\"_ _2\"></span>There h<span class=\"_ _2\"></span>ave<span class=\"_ _2\"></span> bee<span class=\"_ _2\"></span>n no c<span class=\"_ _2\"></span>hanges<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws52\">the<span class=\"ls1 ws0\"> </span></span>valuati<span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>techniq<span class=\"_ _2\"></span>ues<span class=\"_ _2\"></span> sinc<span class=\"_ _2\"></span>e </div><div class=\"t m0 h98 ff18e fs39 fc2 sc0 ls31 ws51 gs4c1\">November 30, 2024. <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff18f fs39 fc2 sc0 ls2f ws70 gs4c2\">None of the<span class=\"_ _2\"></span> Group\u2019s deriv<span class=\"_ _2\"></span>ative activi<span class=\"_ _2\"></span>ties are publicly<span class=\"_ _2\"></span> traded fi<span class=\"_ _2\"></span>nancial ins<span class=\"_ _2\"></span>truments. Inst<span class=\"_ _2\"></span>ead, the </div><div class=\"t m0 h98 ff18e fs39 fc2 sc0 ls30 ws50 gs4c3\">financ<span class=\"_ _2\"></span>ial i<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>umen<span class=\"_ _2\"></span>ts h<span class=\"_ _2\"></span>ave be<span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>entered<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>o wi<span class=\"_ _2\"></span>th ma<span class=\"_ _2\"></span>jor fi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>ial <span class=\"_ _2\"></span>insti<span class=\"_ _2\"></span>tutio<span class=\"_ _2\"></span>ns a<span class=\"_ _2\"></span>nd b<span class=\"_ _2\"></span>rokers<span class=\"_ _2\"></span>. T<span class=\"_ _2\"></span>he </div><div class=\"t m0 h98 ff18e fs39 fc2 sc0 ls30 ws50 gs4c4\">Group<span class=\"_ _2\"></span> hold<span class=\"_ _2\"></span>s for<span class=\"_ _2\"></span>eign<span class=\"_ _2\"></span> exch<span class=\"_ _2\"></span>ange<span class=\"_ _2\"></span> forwa<span class=\"_ _2\"></span>rd co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>ts, c<span class=\"_ _2\"></span>omm<span class=\"_ _2\"></span>odity<span class=\"_ _2\"></span> con<span class=\"_ _2\"></span>trac<span class=\"_ _2\"></span>ts a<span class=\"_ _2\"></span>nd in<span class=\"_ _2\"></span>tere<span class=\"_ _2\"></span>st r<span class=\"_ _2\"></span>ate swap<span class=\"_ _2\"></span>s,<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff18e fs39 fc2 sc0 ls30 ws50 gs4c5\">which<span class=\"_ _2\"></span> subje<span class=\"_ _2\"></span>ct t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup t<span class=\"_ _2\"></span>o a m<span class=\"_ _2\"></span>inim<span class=\"_ _2\"></span>um l<span class=\"_ _2\"></span>evel<span class=\"_ _2\"></span> of co<span class=\"_ _2\"></span>unterp<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ty risk<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> The G<span class=\"_ _2\"></span>roup d<span class=\"_ _2\"></span>oes<span class=\"_ _2\"></span> not<span class=\"_ _2\"></span> belie<span class=\"_ _2\"></span>ve t<span class=\"_ _2\"></span>hat <span class=\"_ _2\"></span>it </div><div class=\"t m0 h98 ff18e fs39 fc2 sc0 ls30 ws50 gs4c6\">has a<span class=\"_ _2\"></span> mater<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> expos<span class=\"_ _2\"></span>ure t<span class=\"_ _2\"></span>o c<span class=\"_ _2\"></span>redit<span class=\"_ _2\"></span> ris<span class=\"_ _2\"></span>k from<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>hird p<span class=\"_ _2\"></span>arti<span class=\"_ _2\"></span>es<span class=\"ls1 ws0\"> </span>faili<span class=\"_ _2\"></span>ng to<span class=\"_ _2\"></span> pe<span class=\"_ _2\"></span>rform<span class=\"_ _2\"></span> acco<span class=\"_ _2\"></span>rding<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> terms<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff18e fs39 fc2 sc0 ls30 ws50 gs4c7\">hedge i<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>umen<span class=\"_ _2\"></span>ts. T<span class=\"_ _2\"></span>he<span class=\"ls1 ws0\"> <span class=\"ls48 ws2f\">cumulat<span class=\"_ _2\"></span>ive net (l<span class=\"_ _2\"></span>osses)<span class=\"_ _2\"></span> </span></span><span class=\"ws52\">gains<span class=\"_ _2\"></span> <span class=\"ls2f ws70\">recognised in eq<span class=\"_ _2\"></span>uity were as f<span class=\"_ _2\"></span>ollows at<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 h98 ff18e fs39 fc2 sc0 ls31 ws51 gs4c8\">November 30, 2025 and 2024:<span class=\"ls1 ws0\"> </span></div><div class=\"gs4c9\"><table class=\"s w16a h155\" id=\"_19444297-c551-4baf-9463-23fec75cb687\"><tr><td></td><td class=\"c x2bd y2e4f w68 he6\"><div class=\"t m0 x171 h82 y1e4c ff18e fs3b fc2 sc0 ls1 ws32\">As of November 30<span class=\"ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2e50 w14a h115\"><div class=\"t m0 x245 h82 y29a6 ff18e fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2a3 h82 y29a6 ff18e fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x2a2 y2e51 w48 h83\"><div class=\"t m0 x177 h85 y1ec8 ff190 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2e51 w48 h83\"><div class=\"t m0 x177 h82 y1ec8 ff18e fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e52 w64 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff18e fs3a fc2 sc0 ls26 ws3d\">Interest rate deriva<span class=\"_ _1\"></span>tives<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2e52 w25 h8a\"><div class=\"t m0 x181 h87 y1bf6 ff190 fs3a fc2 sc0 ls21 ws35\">(10,0<span class=\"_ _2\"></span>45)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2e52 w48 h8a\"><div class=\"t m0 x1ce h88 y1bf6 ff18e fs3a fc2 sc0 ls20 ws36\">(999)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e53 w64 h86\"><div class=\"t m0 x0 h88 y1c05 ff18e fs3a fc2 sc0 ls22 ws37\">Foreign excha<span class=\"_ _1\"></span>nge contracts<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2e53 w25 h86\"><div class=\"t m0 x179 h87 y1c05 ff190 fs3a fc2 sc0 ls21 ws35\">(1,13<span class=\"_ _2\"></span>3)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2e53 w48 h86\"><div class=\"t m0 x2d h88 y1c05 ff18f fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff18e\"> </span></div></td></tr><tr><td class=\"c x24b y2e54 w64 h86\"><div class=\"t m0 x0 h88 y1bde ff18e fs3a fc2 sc0 ls22 ws3e\">Cross<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls22 ws37\">currency interest ra<span class=\"_ _1\"></span>te swaps</span></span><span class=\"ls1 ws0\"><span class=\"ls22 ws37\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2a2 y2e54 w25 h86\"><div class=\"t m0 x179 h87 y1bde ff190 fs3a fc2 sc0 ls21 ws35\">(6,08<span class=\"_ _2\"></span>0)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2e54 w48 h86\"><div class=\"t m0 x179 h88 y1bde ff18e fs3a fc2 sc0 ls20 ws36\">(4,104)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e55 w64 h8a\"><div class=\"t m0 x0 h88 y1be0 ff18e fs3a fc2 sc0 ls26 ws3d\">Foreign exchang<span class=\"_ _1\"></span>e and interest rate hedges<span class=\"_ _1\"></span> held by joint ventures <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2e55 w25 h8a\"><div class=\"t m0 x179 h87 y1be0 ff190 fs3a fc2 sc0 ls21 ws35\">(1,33<span class=\"_ _2\"></span>8)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2e55 w48 h8a\"><div class=\"t m0 x184 h88 y1be0 ff18e fs3a fc2 sc0 ls20 ws36\">2,612<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e56 w64 h86\"><div class=\"t m0 x0 h88 y1bde ff18e fs3a fc2 sc0 ls26 ws3d\">Deferred incom<span class=\"_ _1\"></span>e tax gain on the interest rate deriva<span class=\"_ _1\"></span>tives<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2e56 w48 h86\"><div class=\"t m0 x185 h87 y1bde ff190 fs3a fc2 sc0 ls21 ws35\">1,9<span class=\"ls1 ws0\">44</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2e56 w48 h86\"><div class=\"t m0 x184 h88 y1bde ff18e fs3a fc2 sc0 ls20 ws36\">1,367<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2a2 y2e57 w25 h86\"><div class=\"t m0 x181 h87 y1be4 ff190 fs3a fc2 sc0 ls21 ws35\">(16,6<span class=\"_ _2\"></span>52)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2e57 w48 h86\"><div class=\"t m0 x179 h88 y1be4 ff18e fs3a fc2 sc0 ls20 ws36\">(1,124)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 ha6 ff190 fs3c fcb sc0 ls56 ws85 gs4ca\">Fore<span class=\"ls58 ws88\">ign currency<span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 h98 ff18e fs39 fc2 sc0 ls30 ws50 gs4cb\">The f<span class=\"_ _2\"></span>ollowi<span class=\"_ _2\"></span>ng f<span class=\"_ _2\"></span>oreig<span class=\"_ _2\"></span>n exc<span class=\"_ _2\"></span>hange<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>ts, <span class=\"ws52\">m<span class=\"_ _2\"></span>aturi<span class=\"_ _2\"></span>ng <span class=\"ls2f ws4e\">in<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">Nov<span class=\"_ _1\"></span>embe<span class=\"_ _2\"></span>r 2026, were outstanding<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">as of </span></span></span></span></span></span></div><div class=\"t m0 h98 ff18e fs39 fc2 sc0 ls4b ws77 gs4cc\">Novemb<span class=\"_ _2\"></span>er<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">30, 2025 and 2024:</span> </span></div><div class=\"gs4cd\"><table class=\"s w1a1 h156\" id=\"_104a18dd-f818-420f-96f7-85f2f550a814\"><tr><td></td><td class=\"c x373 y2e58 wd6 he6\"><div class=\"t m0 x184 h82 y1c8e ff18e fs3b fc2 sc0 ls1e ws32\">Purchase<span class=\"ls1 ws0\"> (sale) </span></div></td><td></td></tr><tr><td class=\"c x246 y2e59 w1a2 h103\"><div class=\"t m0 x245 h82 y29a6 ff18e fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2f3 h82 y29a6 ff18e fs3b fc2 sc0 ls1e ws2f\">local currency, th<span class=\"_ _1\"></span>ousands)<span class=\"_ _195\"> </span></div></td><td class=\"c x373 y2e5a w48 h83\"><div class=\"t m0 x177 h85 y246c ff190 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2e5a w2a h83\"><div class=\"t m0 x177 h82 y246c ff18e fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e5b wd5 h86\"><div class=\"t m0 x0 h88 y1bef ff18e fs3a fc2 sc0 ls20 ws36\">Euro<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x373 y2e5b w48 h86\"><div class=\"t m0 x179 h87 y1bef ff190 fs3a fc2 sc0 ls23 ws39\">89,549<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2e5b w2a h86\"><div class=\"t m0 x183 h88 y1bef ff18e fs3a fc2 sc0 ls20 ws36\">69,000<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e5c wd5 h8c\"><div class=\"t m0 x0 h88 y1c4d ff18e fs3a fc2 sc0 ls29 ws42\">Singapore dollar<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x373 y2e5c w48 h8c\"><div class=\"t m0 x179 h87 y1c4d ff190 fs3a fc2 sc0 ls23 ws39\">26,545<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2e5c w2a h8c\"><div class=\"t m0 x183 h88 y1c4d ff18e fs3a fc2 sc0 ls20 ws36\">20,000<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e5d wd5 h89\"><div class=\"t m0 x0 h88 y1bfa ff18e fs3a fc2 sc0 ls29 ws42\">Australian dollar<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x373 y2e5d w48 h89\"><div class=\"t m0 x179 h87 y1bfa ff190 fs3a fc2 sc0 ls23 ws39\">22,000<span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x241 y2e5e wd5 h8b\"><div class=\"t m0 x0 h88 y1bf8 ff18e fs3a fc2 sc0 ls24 ws3a\">British pound<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x373 y2e5e w48 h8b\"><div class=\"t m0 x179 h87 y1bf8 ff190 fs3a fc2 sc0 ls23 ws39\">15,800<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2e5e w2a h8b\"><div class=\"t m0 x183 h88 y1bf8 ff18e fs3a fc2 sc0 ls20 ws36\">18,000<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e5f wd5 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff18e fs3a fc2 sc0 ls22 ws37\">Norwegi<span class=\"_ _1\"></span>an krone<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x373 y2e5f w25 h8a\"><div class=\"t m0 x17b h87 y1bf6 ff190 fs3a fc2 sc0 ls21 ws35\">(237,<span class=\"_ _2\"></span>267)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2e5f w2a h8a\"><div class=\"t m0 x181 h88 y1bf6 ff18e fs3a fc2 sc0 ls20 ws36\">327,000<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 h98 ff18e fs39 fc2 sc0 ls2f ws70 gs4ce\">The US dolla<span class=\"_ _2\"></span>r equivalent o<span class=\"_ _2\"></span>f the c<span class=\"_ _2\"></span>urrencies<span class=\"ls59 ws95\">, <span class=\"ls30 ws50\">which<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> had c<span class=\"_ _2\"></span>ontrac<span class=\"_ _2\"></span>ted <span class=\"_ _2\"></span>to p<span class=\"_ _2\"></span>urch<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span><span class=\"ls1 ws0\">,<span class=\"_ _1\"></span> <span class=\"ls30 ws52\">was </span></span></span></span></div><div class=\"t m0 h98 ff18e fs39 fc2 sc0 ls1 ws0 gs4cf\">$<span class=\"ls31 ws53\">159</span>.<span class=\"_ _1\"></span><span class=\"ls31 ws53\">6 <span class=\"ls2f ws70\">million and $</span>139<span class=\"ls2f ws70\">.6 millio<span class=\"_ _2\"></span>n as<span class=\"ls1 ws0\"> <span class=\"ls4a ws76\">of</span> </span><span class=\"ws4e\">November<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">30, 2025 <span class=\"_ _2\"></span>and 2024, resp<span class=\"ls2f ws4e\">ectively.<span class=\"ls1 ws0\"> </span><span class=\"ws70\">The US do<span class=\"_ _2\"></span>llar </span></span></span></span></span></span></span></div><div class=\"t m0 h98 ff18e fs39 fc2 sc0 ls30 ws50 gs4d0\">equiv<span class=\"_ _2\"></span>alent<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>ncies<span class=\"_ _2\"></span><span class=\"ls49 ws78\">, <span class=\"_ _1\"></span><span class=\"ls30 ws50\">w<span class=\"_ _2\"></span>hic<span class=\"_ _2\"></span>h the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up had<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>ted <span class=\"_ _2\"></span>to <span class=\"ls2f ws4e\">sell,<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">w<span class=\"_ _2\"></span>as $<span class=\"ls31 ws53\">23.5. <span class=\"ls2f ws75\">million and <span class=\"ls4b ws77\">Nil<span class=\"ls1 ws0\"> </span></span></span></span></span></span></span></span></span></div><div class=\"t m0 h98 ff18e fs39 fc2 sc0 ls30 ws52 gs4d1\">as<span class=\"ls1 ws0\"> <span class=\"ls4a ws76\">of</span> <span class=\"ls2f ws4e\">N<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>vember<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">30, 2025 and 2024, resp</span></span>ectively.<span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 h98 ff18e fs39 fc2 sc0 ls70 ws70 gs4d2\">The Gr<span class=\"_ _1\"></span>oup util<span class=\"_ _1\"></span>ises for<span class=\"_ _1\"></span>eign cur<span class=\"_ _1\"></span>renc<span class=\"_ _1\"></span>y derivat<span class=\"_ _1\"></span>ives to<span class=\"_ _1\"></span> hedge c<span class=\"_ _1\"></span>ommitte<span class=\"_ _1\"></span>d and fo<span class=\"_ _1\"></span>recast<span class=\"_ _1\"></span>ed cash <span class=\"ls86 wsdb\">flow<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls6f wsb1\">exposur<span class=\"_ _1\"></span>es. <span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></span></span></span></div><div class=\"t m0 h98 ff18e fs39 fc2 sc0 ls2f ws70 gs4d3\">The Group has<span class=\"_ _2\"></span> elected <span class=\"_ _2\"></span><span class=\"ls31 ws81\">to apply <span class=\"ls4a ws76\">non<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">hedg<span class=\"_ _2\"></span>e acc<span class=\"_ _2\"></span>ou<span class=\"_ _2\"></span>nting <span class=\"_ _2\"></span>treatm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> for <span class=\"_ _2\"></span><span class=\"ws52\">all<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ws50\">co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>ts.<span class=\"_ _2\"></span> Gai<span class=\"_ _2\"></span>ns and<span class=\"_ _2\"></span> loss<span class=\"_ _2\"></span>es </span></span></span></span></span></span></div><div class=\"t m0 h98 ff18e fs39 fc2 sc0 ls30 ws50 gs4d4\">on hedg<span class=\"_ _2\"></span>es of<span class=\"_ _2\"></span> com<span class=\"_ _2\"></span>mitte<span class=\"_ _2\"></span>d co<span class=\"_ _2\"></span>mm<span class=\"_ _2\"></span>ercial<span class=\"_ _2\"></span> trans<span class=\"_ _2\"></span>acti<span class=\"_ _2\"></span>ons <span class=\"_ _2\"></span>are r<span class=\"_ _2\"></span>ecord<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>as a <span class=\"_ _2\"></span>forei<span class=\"_ _2\"></span>gn ex<span class=\"_ _2\"></span>change<span class=\"_ _2\"></span> gai<span class=\"_ _2\"></span>n or<span class=\"_ _2\"></span> loss.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 ha6 ff190 fs3c fcb sc0 ls5c wsd3 gs4d5\">Interest rate and cro<span class=\"_ _2\"></span>ss<span class=\"ls1 ws0\">-</span>currency inter<span class=\"_ _2\"></span>est rate swaps<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff18e fs39 fc2 sc0 ls30 ws50 gs4d6\">The Gr<span class=\"_ _2\"></span>oup h<span class=\"_ _2\"></span>ad i<span class=\"_ _2\"></span>ntere<span class=\"_ _2\"></span>st r<span class=\"_ _2\"></span>ate a<span class=\"_ _2\"></span>nd c<span class=\"_ _2\"></span>ross<span class=\"ls1 ws0\">-</span><span class=\"ws4f\">curre<span class=\"_ _2\"></span>ncy i<span class=\"_ _2\"></span>nteres<span class=\"_ _2\"></span>t rate sw<span class=\"_ _2\"></span>aps wit<span class=\"_ _2\"></span>h noti<span class=\"_ _2\"></span>onal<span class=\"_ _2\"></span> <span class=\"ls2f ws75\">values of <span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 h98 ff18e fs39 fc2 sc0 ls1 ws0 gs4d7\">$<span class=\"ls31 ws53\">662.5 <span class=\"_ _3\"></span><span class=\"ls2f ws70\">m<span class=\"_ _2\"></span>illion and $<span class=\"ls31 ws53\">477.3<span class=\"ls1 ws0\"> </span></span><span class=\"ws75\">million as<span class=\"ls1 ws0\"> o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span><span class=\"ls31 ws51\">November 30, 2025 <span class=\"_ _2\"></span>and 2024, re<span class=\"ls2f ws70\">spectively.<span class=\"_ _2\"></span> These </span></span></span></span></span></span></div><div class=\"t m0 h98 ff18e fs39 fc2 sc0 ls2f ws70 gs4d8\">derivatives have<span class=\"_ _2\"></span> been designate<span class=\"_ _2\"></span>d as cash flow<span class=\"_ _2\"></span> hedges.<span class=\"_ _2\"></span> For the y<span class=\"_ _2\"></span>ears ended <span class=\"_ _2\"></span><span class=\"ls31 ws51\">November 30, 2025 </span></div><div class=\"t m0 h98 ff18e fs39 fc2 sc0 ls31 ws51 gs4d9\">and 2024<span class=\"ls49 ws78\">, <span class=\"ls47 ws71\">a <span class=\"_ _1\"></span><span class=\"ls1 ws0\">$<span class=\"ls31 ws53\">5.3 <span class=\"_ _3\"></span><span class=\"ls2f ws4e\">m<span class=\"_ _2\"></span>illion<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">and <span class=\"ls47 ws71\">a <span class=\"_ _1\"></span><span class=\"ls1 ws0\">$<span class=\"ls48 ws72\">5.0</span> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">millio<span class=\"_ _2\"></span>n gain, <span class=\"_ _2\"></span>respectively, we<span class=\"_ _2\"></span>re recognised i<span class=\"_ _2\"></span>n finance ex<span class=\"_ _2\"></span>pense. </span></span></span></span></span></span></span></span></span></span></div><div class=\"t m0 h98 ff18e fs39 fc2 sc0 ls2f ws70 gs4da\">Any remaining <span class=\"_ _2\"></span>amounts c<span class=\"_ _2\"></span>urrently in o<span class=\"_ _2\"></span>ther comprehens<span class=\"_ _2\"></span>ive income a<span class=\"_ _2\"></span>re expected to<span class=\"_ _2\"></span> be reclassif<span class=\"_ _2\"></span>ied to </div><div class=\"t m0 h98 ff18e fs39 fc2 sc0 ls31 ws51 gs4db\">earnings between 2025 and 2030.<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 ha6 ff193 fs3c fcb sc0 ls4d ws7a gs4dd\">Matu<span class=\"_ _2\"></span>rity of f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial <span class=\"ls6d wsa9\">liabilit<span class=\"_ _1\"></span>ies<span class=\"ls1 ws0\">  </span></span></div><div class=\"gs4de\"><table class=\"s w17b h157\" id=\"_21c836a0-bbb1-4911-90c3-b06bf8ee7312\"><tr><td class=\"c x246 y2e61 w1a3 h158\"><div class=\"t m0 x245 h85 y2c8b ff193 fs3b fc2 sc0 ls65 ws9b\">For the yea<span class=\"_ _2\"></span>r ended <span class=\"_ _2\"></span>November 3<span class=\"_ _2\"></span>0, 20<span class=\"_ _195\"> </span></div><div class=\"t m0 x393 h85 y2e60 ff193 fs3b fc2 sc0 ls1b ws2f\">25<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x394 h85 y2e62 ff193 fs3b fc2 sc0 ls87 wsdc\">Less<span class=\"ls1 ws0\"> than<span class=\"_ _195\"> </span></span></td><td></td><td></td><td class=\"t m0 x38e h85 y2e62 ff193 fs3b fc2 sc0 ls65 ws99\">More<span class=\"ls1 ws0\"> than<span class=\"_ _195\"> </span></span></td><td></td></tr><tr><td class=\"c x24b y2e63 wd7 hb6\"><div class=\"t m0 x0 h85 y1c8e ff193 fs3b fc2 sc0 ls1 ws0\">(<span class=\"ls65 ws99\"></span><span class=\"ls65 ws99\">in</span> US $ thousands) </div></td><td class=\"c x29e y2e63 w54 hb6\"><div class=\"t m0 x15 h85 y1c8c ff193 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x1be h85 y1c8e ff193 fs3b fc2 sc0 ls1 ws0\">1 <span class=\"ls19 ws2d\">yr</span> </div></td><td class=\"c x29f y2e63 w34 hb6\"><div class=\"t m0 x185 h85 y1c8b ff193 fs3b fc2 sc0 ls1 ws0\">2-3 <span class=\"ls7c wsc3\">yrs</span> </div></td><td class=\"c x2fb y2e63 w20 hb6\"><div class=\"t m0 x185 h85 y1c8b ff193 fs3b fc2 sc0 ls1 ws0\">4-5 <span class=\"ls7c wsc3\">yrs</span> </div></td><td class=\"c x2a1 y2e63 w20 hb6\"><div class=\"t m0 x15 h85 y1c8c ff193 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x177 h85 y1c8e ff193 fs3b fc2 sc0 ls1 ws0\">5 <span class=\"ls7c wsc3\">yrs</span> </div></td><td class=\"c x2fa y2e63 w55 hb6\"><div class=\"t m0 x177 h85 y1c8b ff193 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2e64 wd7 h86\"><div class=\"t m0 x0 h87 y1c4c ff193 fs3a fc2 sc0 ls2c ws5a\">Contractual obligations<span class=\"_ _1\"></span>:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e65 wd7 h86\"><div class=\"t m0 x0 h88 y1bef ff194 fs3a fc2 sc0 ls24 ws3a\">Accounts payable, excluding withholding and value<span class=\"ls1 ws0\">-<span class=\"ls28\">added<span class=\"_ _2\"></span> taxe<span class=\"_ _2\"></span>s</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e65 w54 h86\"><div class=\"t m0 x180 h87 y1bef ff193 fs3a fc2 sc0 ls21 ws35\">117,<span class=\"_ _2\"></span>080<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e65 w34 h86\"><div class=\"t m0 x2d h87 y1bef ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fb y2e65 w20 h86\"><div class=\"t m0 x2d h87 y1bef ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2a1 y2e65 w20 h86\"><div class=\"t m0 x2d h87 y1bef ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e65 w55 h86\"><div class=\"t m0 x180 h87 y1bef ff193 fs3a fc2 sc0 ls21 ws35\">117,<span class=\"_ _2\"></span>080<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e66 wd7 h8a\"><div class=\"t m0 x0 h88 y1bff ff194 fs3a fc2 sc0 ls28 ws0\">Accr<span class=\"_ _2\"></span>ued e<span class=\"_ _2\"></span>xpens<span class=\"_ _2\"></span>es and di<span class=\"_ _2\"></span>viden<span class=\"_ _2\"></span>d pay<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span><span class=\"ls29 ws42\">, excluding<span class=\"_ _2\"></span> contr<span class=\"_ _2\"></span>act liabilities</span><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span><span class=\"ls1\">  </span></div></td><td class=\"c x29e y2e66 w54 h8a\"><div class=\"t m0 x180 h87 y1bff ff193 fs3a fc2 sc0 ls21 ws35\">361,<span class=\"_ _2\"></span>461<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e66 w34 h8a\"><div class=\"t m0 x2d h87 y1bff ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fb y2e66 w20 h8a\"><div class=\"t m0 x2d h87 y1bff ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2a1 y2e66 w20 h8a\"><div class=\"t m0 x2d h87 y1bff ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e66 w55 h8a\"><div class=\"t m0 x180 h87 y1bff ff193 fs3a fc2 sc0 ls21 ws35\">361,<span class=\"_ _2\"></span>461<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e67 wd7 h86\"><div class=\"t m0 x0 h88 y1bfa ff194 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease<span class=\"_ _2\"></span> liabilities,<span class=\"_ _2\"></span> includ<span class=\"_ _2\"></span>ing curr<span class=\"_ _2\"></span>ent maturit<span class=\"_ _2\"></span>ies</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e67 w54 h86\"><div class=\"t m0 x179 h87 y1bfa ff193 fs3a fc2 sc0 ls23 ws39\">75,032<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e67 w34 h86\"><div class=\"t m0 x180 h87 y1bfa ff193 fs3a fc2 sc0 ls21 ws35\">105,<span class=\"_ _2\"></span>225<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e67 w20 h86\"><div class=\"t m0 x179 h87 y1bfa ff193 fs3a fc2 sc0 ls23 ws39\">62,792<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e67 w20 h86\"><div class=\"t m0 x180 h87 y1bfa ff193 fs3a fc2 sc0 ls21 ws35\">159,<span class=\"_ _2\"></span>139<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e67 w55 h86\"><div class=\"t m0 x180 h87 y1bfa ff193 fs3a fc2 sc0 ls21 ws35\">402,<span class=\"_ _2\"></span>188<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e68 wd7 h86\"><div class=\"t m0 x0 h88 y1bf8 ff194 fs3a fc2 sc0 ls24 ws3a\">Interest on long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease l<span class=\"_ _2\"></span>iabilities</span></span><span class=\"ls1 ws0\"><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span> </span></div></td><td class=\"c x29e y2e68 w54 h86\"><div class=\"t m0 x179 h87 y1bf8 ff193 fs3a fc2 sc0 ls23 ws39\">20,426<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e68 w34 h86\"><div class=\"t m0 x179 h87 y1bf8 ff193 fs3a fc2 sc0 ls23 ws39\">29,249<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e68 w20 h86\"><div class=\"t m0 x179 h87 y1bf8 ff193 fs3a fc2 sc0 ls23 ws39\">19,878<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e68 w20 h86\"><div class=\"t m0 x179 h87 y1bf8 ff193 fs3a fc2 sc0 ls27 ws3f\">73<span class=\"ls23 ws39\">,524</span><span class=\"ls23 ws39\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2fa y2e68 w55 h86\"><div class=\"t m0 x180 h87 y1bf8 ff193 fs3a fc2 sc0 ls21 ws35\">143,<span class=\"_ _2\"></span>077<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e69 wd7 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff194 fs3a fc2 sc0 ls22 ws3e\">Short<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls24 ws3a\">term bank loans</span></span><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x29e y2e69 w54 h8a\"><div class=\"t m0 x179 h87 y1bf6 ff193 fs3a fc2 sc0 ls23 ws39\">65,000<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e69 w34 h8a\"><div class=\"t m0 x2d h87 y1bf6 ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fb y2e69 w20 h8a\"><div class=\"t m0 x2d h87 y1bf6 ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2a1 y2e69 w20 h8a\"><div class=\"t m0 x2d h87 y1bf6 ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e69 w55 h8a\"><div class=\"t m0 x179 h87 y1bf6 ff193 fs3a fc2 sc0 ls23 ws39\">65,000<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6a wd7 h8b\"><div class=\"t m0 x0 h88 y1c05 ff194 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls2a ws5a\">term de<span class=\"_ _2\"></span>bt<span class=\"_ _2\"></span></span>, <span class=\"_ _3\"></span><span class=\"ls24 ws3a\">including<span class=\"_ _2\"></span> current maturities</span></span><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x29e y2e6a w54 h8b\"><div class=\"t m0 x180 h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">296,<span class=\"_ _2\"></span>550<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6a w34 h8b\"><div class=\"t m0 x180 h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">652,<span class=\"_ _2\"></span>276<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e6a w20 h8b\"><div class=\"t m0 x180 h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">564,<span class=\"_ _2\"></span>356<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e6a w20 h8b\"><div class=\"t m0 x180 h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">638,<span class=\"_ _2\"></span>888<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e6a w55 h8b\"><div class=\"t m0 x17a h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">2,15<span class=\"_ _2\"></span>2,070<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6b wd7 h86\"><div class=\"t m0 x0 h88 y1bde ff194 fs3a fc2 sc0 ls24 ws3a\">Interest on long<span class=\"ls1 ws0\">-<span class=\"ls26 ws3d\">term deb<span class=\"_ _1\"></span>t</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x29e y2e6b w54 h86\"><div class=\"t m0 x180 h87 y1bde ff193 fs3a fc2 sc0 ls21 ws35\">110,<span class=\"_ _2\"></span>090<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6b w34 h86\"><div class=\"t m0 x180 h87 y1bde ff193 fs3a fc2 sc0 ls21 ws35\">182,<span class=\"_ _2\"></span>387<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e6b w20 h86\"><div class=\"t m0 x180 h87 y1bde ff193 fs3a fc2 sc0 ls21 ws35\">118,<span class=\"_ _2\"></span>276<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e6b w20 h86\"><div class=\"t m0 x179 h87 y1bde ff193 fs3a fc2 sc0 ls23 ws39\">96,926<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e6b w55 h86\"><div class=\"t m0 x180 h87 y1bde ff193 fs3a fc2 sc0 ls21 ws35\">507,<span class=\"_ _2\"></span>679<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6c wd7 h8a\"><div class=\"t m0 x0 h88 y1be0 ff194 fs3a fc2 sc0 ls29 ws42\">Derivative f<span class=\"_ _2\"></span>inancial lia<span class=\"_ _2\"></span>bilities<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e6c w54 h8a\"><div class=\"t m0 x185 h87 y1be0 ff193 fs3a fc2 sc0 ls21 ws35\">4,70<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6c w34 h8a\"><div class=\"t m0 x185 h87 y1be0 ff193 fs3a fc2 sc0 ls21 ws35\">7,04<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e6c w20 h8a\"><div class=\"t m0 x185 h87 y1be0 ff193 fs3a fc2 sc0 ls21 ws35\">6,98<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e6c w20 h8a\"><div class=\"t m0 x2d h87 y1be0 ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e6c w55 h8a\"><div class=\"t m0 x179 h87 y1be0 ff193 fs3a fc2 sc0 ls23 ws39\">18,730<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6d wd7 h86\"><div class=\"t m0 x0 h88 y1bde ff194 fs3a fc2 sc0 ls24 ws3a\">Other current<span class=\"ls1 ws0\"> <span class=\"ls29 ws44\">liabilities</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e6d w54 h86\"><div class=\"t m0 x179 h87 y1bde ff193 fs3a fc2 sc0 ls23 ws39\">42,918<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6d w34 h86\"><div class=\"t m0 x2d h87 y1bde ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fb y2e6d w20 h86\"><div class=\"t m0 x2d h87 y1bde ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2a1 y2e6d w20 h86\"><div class=\"t m0 x2d h87 y1bde ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e6d w55 h86\"><div class=\"t m0 x179 h87 y1bde ff193 fs3a fc2 sc0 ls23 ws39\">42,918<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6e wd7 h86\"><div class=\"t m0 x0 h87 y1be4 ff193 fs3a fc2 sc0 ls25 ws4d\">Total contractual obligations<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e6e w54 h86\"><div class=\"t m0 x17a h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">1,09<span class=\"_ _2\"></span>3,258<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6e w34 h86\"><div class=\"t m0 x180 h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">976,<span class=\"_ _2\"></span>182<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e6e w20 h86\"><div class=\"t m0 x180 h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">772,<span class=\"_ _2\"></span>286<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e6e w20 h86\"><div class=\"t m0 x180 h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">968,<span class=\"_ _2\"></span>477<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e6e w55 h86\"><div class=\"t m0 x17a h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">3,81<span class=\"_ _2\"></span>0,203<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"gs4df\"><table class=\"s w17b h159\" id=\"_7e447562-4eb7-427c-92a7-a51fc0881bd2\"><tr><td class=\"c x246 y2e6f w1a4 h115\"><div class=\"t m0 x245 h82 y29a6 ff194 fs3b fc2 sc0 ls1 ws32\">For the year<span class=\"_ _195\"> </span></div><div class=\"t m0 x395 h82 y29a6 ff194 fs3b fc2 sc0 ls1 ws0\">ended November <span class=\"ls69 wsa2\">30, 2024<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x394 h82 y2e70 ff194 fs3b fc2 sc0 ls7c wsc3\">Less<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">than<span class=\"_ _195\"> </span></span></span></td><td></td><td></td><td class=\"t m0 x38e h82 y2e70 ff194 fs3b fc2 sc0 ls65 ws99\">More<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">tha<span class=\"_ _2\"></span>n<span class=\"_ _195\"> </span></span></span></td><td></td></tr><tr><td class=\"c x24b y2e71 wd7 hc6\"><div class=\"t m0 x0 h82 y1c51 ff194 fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"c x29e y2e71 w54 hc6\"><div class=\"t m0 x15 h82 y2486 ff194 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x19f h82 y1d6f ff194 fs3b fc2 sc0 ls1 ws0\">1 <span class=\"ls69 wsbc\">yr</span> </div></td><td class=\"c x29f y2e71 w34 hc6\"><div class=\"t m0 x184 h82 y22db ff194 fs3b fc2 sc0 ls1 ws0\">2-3 <span class=\"ls69 wsbc\">yrs</span> </div></td><td class=\"c x2fb y2e71 w20 hc6\"><div class=\"t m0 x184 h82 y22db ff194 fs3b fc2 sc0 ls1 ws0\">4-5 <span class=\"ls69 wsbc\">yrs</span> </div></td><td class=\"c x2a1 y2e71 w20 hc6\"><div class=\"t m0 x15 h82 y2486 ff194 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x1a0 h82 y1d6f ff194 fs3b fc2 sc0 ls1 ws0\">5 <span class=\"ls69 wsbc\">yrs</span> </div></td><td class=\"c x2fa y2e71 w55 hc6\"><div class=\"t m0 x177 h82 y22db ff194 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2e72 wd7 h8a\"><div class=\"t m0 x0 h87 y1bf6 ff193 fs3a fc2 sc0 ls2c ws5a\">Contractual obligations<span class=\"_ _1\"></span>:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e73 wd7 h86\"><div class=\"t m0 x0 h88 y1bf8 ff194 fs3a fc2 sc0 ls24 ws3a\">Accounts payable, excluding withholding and value<span class=\"ls1 ws0\">-<span class=\"ls28\">added<span class=\"_ _2\"></span> taxe<span class=\"_ _2\"></span>s</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e73 w54 h86\"><div class=\"t m0 x183 h88 y1bf8 ff194 fs3a fc2 sc0 ls20 ws36\">88,320<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e73 w34 h86\"><div class=\"t m0 x2d h88 y1bf8 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fb y2e73 w20 h86\"><div class=\"t m0 x2d h88 y1bf8 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2a1 y2e73 w20 h86\"><div class=\"t m0 x2d h88 y1bf8 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fa y2e73 w55 h86\"><div class=\"t m0 x183 h88 y1bf8 ff194 fs3a fc2 sc0 ls20 ws36\">88,320<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e74 wd7 h86\"><div class=\"t m0 x0 h88 y1bde ff194 fs3a fc2 sc0 ls28 ws0\">Accr<span class=\"_ _2\"></span>ued e<span class=\"_ _2\"></span>xpens<span class=\"_ _2\"></span>es and di<span class=\"_ _2\"></span>viden<span class=\"_ _2\"></span>d pay<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span><span class=\"ls29 ws42\">, excluding<span class=\"_ _2\"></span> contr<span class=\"_ _2\"></span>act liabilities</span><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span><span class=\"ls1\">  </span></div></td><td class=\"c x29e y2e74 w54 h86\"><div class=\"t m0 x181 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">379,749<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e74 w34 h86\"><div class=\"t m0 x2d h88 y1bde ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fb y2e74 w20 h86\"><div class=\"t m0 x2d h88 y1bde ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2a1 y2e74 w20 h86\"><div class=\"t m0 x2d h88 y1bde ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fa y2e74 w55 h86\"><div class=\"t m0 x181 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">379,749<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e75 wd7 ha4\"><div class=\"t m0 x0 h88 y1be0 ff194 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease<span class=\"_ _2\"></span> liabilities,<span class=\"_ _2\"></span> includ<span class=\"_ _2\"></span>ing curr<span class=\"_ _2\"></span>ent maturit<span class=\"_ _2\"></span>ies</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e75 w54 ha4\"><div class=\"t m0 x183 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">58,581<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e75 w34 ha4\"><div class=\"t m0 x183 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">83,169<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e75 w20 ha4\"><div class=\"t m0 x183 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">51,368<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e75 w20 ha4\"><div class=\"t m0 x181 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">150,893<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e75 w55 ha4\"><div class=\"t m0 x181 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">344,011<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e76 wd7 h86\"><div class=\"t m0 x0 h88 y1bde ff194 fs3a fc2 sc0 ls24 ws3a\">Interest on long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease l<span class=\"_ _2\"></span>iabilities</span></span><span class=\"ls1 ws0\"><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span> </span></div></td><td class=\"c x29e y2e76 w54 h86\"><div class=\"t m0 x183 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">17,267<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e76 w34 h86\"><div class=\"t m0 x183 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">26,459<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e76 w20 h86\"><div class=\"t m0 x183 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">18,551<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e76 w20 h86\"><div class=\"t m0 x183 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">73,010<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e76 w55 h86\"><div class=\"t m0 x181 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">135,287<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e77 wd7 h86\"><div class=\"t m0 x0 h88 y1c05 ff194 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls24 ws3a\">term debt, including current<span class=\"_ _2\"></span> maturities</span></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span> </span></div></td><td class=\"c x29e y2e77 w54 h86\"><div class=\"t m0 x181 h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">200,446<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e77 w34 h86\"><div class=\"t m0 x181 h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">506,426<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e77 w20 h86\"><div class=\"t m0 x181 h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">605,365<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e77 w20 h86\"><div class=\"t m0 x181 h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">548,260<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e77 w55 h86\"><div class=\"t m0 x17b h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">1,860,497<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e78 wd7 h8a\"><div class=\"t m0 x0 h88 y1be6 ff194 fs3a fc2 sc0 ls24 ws3a\">Interest on long<span class=\"ls1 ws0\">-<span class=\"ls26 ws3d\">term deb<span class=\"_ _1\"></span>t</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x29e y2e78 w54 h8a\"><div class=\"t m0 x181 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">103,040<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e78 w34 h8a\"><div class=\"t m0 x181 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">170,949<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e78 w20 h8a\"><div class=\"t m0 x181 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">114,561<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e78 w20 h8a\"><div class=\"t m0 x183 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">93,865<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e78 w55 h8a\"><div class=\"t m0 x181 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">482,415<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e79 wd7 h86\"><div class=\"t m0 x0 h88 y1be4 ff194 fs3a fc2 sc0 ls29 ws42\">Derivative f<span class=\"_ _2\"></span>inancial lia<span class=\"_ _2\"></span>bilities<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e79 w54 h86\"><div class=\"t m0 x184 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">1,616<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e79 w34 h86\"><div class=\"t m0 x184 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">6,688<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e79 w20 h86\"><div class=\"t m0 x184 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">5,489<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e79 w20 h86\"><div class=\"t m0 x1a0 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">447<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e79 w55 h86\"><div class=\"t m0 x183 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">14,240<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e7a wd7 h86\"><div class=\"t m0 x0 h88 y1be2 ff194 fs3a fc2 sc0 ls24 ws3a\">Other current<span class=\"ls1 ws0\"> <span class=\"ls29 ws44\">liabilities</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e7a w54 h86\"><div class=\"t m0 x183 h88 y1be2 ff194 fs3a fc2 sc0 ls20 ws36\">56,031<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e7a w34 h86\"><div class=\"t m0 x2d h88 y1be2 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fb y2e7a w20 h86\"><div class=\"t m0 x2d h88 y1be2 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2a1 y2e7a w20 h86\"><div class=\"t m0 x2d h88 y1be2 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fa y2e7a w55 h86\"><div class=\"t m0 x183 h88 y1be2 ff194 fs3a fc2 sc0 ls20 ws36\">56,031<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e7b wd7 h8a\"><div class=\"t m0 x0 h87 y1c79 ff193 fs3a fc2 sc0 ls25 ws4d\">Total contractual obligations<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e7b w54 h8a\"><div class=\"t m0 x181 h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">905,050<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e7b w34 h8a\"><div class=\"t m0 x181 h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">793,691<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e7b w20 h8a\"><div class=\"t m0 x181 h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">795,334<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e7b w20 h8a\"><div class=\"t m0 x181 h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">866,475<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e7b w55 h8a\"><div class=\"t m0 x17b h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">3,360,550<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 h98 ff194 fs39 fc2 sc0 ls30 ws52 gs4e0\">Long<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">term debt i<span class=\"_ _2\"></span>n the table <span class=\"_ _2\"></span>above ex<span class=\"_ _2\"></span>cludes debt i<span class=\"_ _2\"></span>ssuance cost<span class=\"_ _2\"></span>s of $17<span class=\"_ _2\"></span>.7 million <span class=\"_ _2\"></span>as of bot<span class=\"_ _2\"></span>h Novemb<span class=\"_ _2\"></span>er</span> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">30, 2025 <span class=\"_ _2\"></span>and 2024<span class=\"ls2f ws70\">. Derivat<span class=\"_ _2\"></span>ive financial liabil<span class=\"_ _2\"></span>ities are<span class=\"_ _2\"></span> stated at<span class=\"_ _2\"></span> future undisco<span class=\"_ _2\"></span>unted cash f<span class=\"_ _2\"></span>lows; </span></span></span></div><div class=\"t m0 h98 ff194 fs39 fc2 sc0 ls30 ws50 gs4e1\">theref<span class=\"_ _2\"></span>ore<span class=\"_ _2\"></span>, they<span class=\"_ _2\"></span> do<span class=\"_ _2\"></span> not ag<span class=\"_ _2\"></span>ree <span class=\"_ _2\"></span>to th<span class=\"_ _2\"></span>e bal<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> sheet<span class=\"_ _2\"></span>.<span class=\"_ _195\"> </span><span class=\"ls1 ws0\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-611": {
   "value": "Accoun<span class=\"_ _2\"></span>ting <span class=\"_ _2\"></span>poli<span class=\"_ _2\"></span>cy for f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial in<span class=\"_ _2\"></span>strum<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>IFRS<span class=\"_ _2\"></span> 9 co<span class=\"_ _2\"></span>ntai<span class=\"_ _2\"></span>ns a<span class=\"_ _2\"></span> cl<span class=\"_ _2\"></span>assif<span class=\"_ _2\"></span>icat<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>n a<span class=\"_ _2\"></span>nd me<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt ap<span class=\"_ _2\"></span>pro<span class=\"_ _2\"></span>ach<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span> fina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al as<span class=\"_ _2\"></span>set<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd li<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>itie<span class=\"_ _2\"></span>s,<span class=\"_ _2\"></span> inclu<span class=\"_ _2\"></span>ding<span class=\"_ _2\"></span> der<span class=\"_ _2\"></span>iv<span class=\"_ _2\"></span>ativ<span class=\"_ _2\"></span>e inst<span class=\"_ _2\"></span>rum<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls73 wsb6\">tha<span class=\"_ _1\"></span>t refl<span class=\"_ _1\"></span>ects<span class=\"_ _1\"></span> the b<span class=\"_ _1\"></span>usin<span class=\"_ _1\"></span>ess m<span class=\"_ _1\"></span>ode<span class=\"_ _1\"></span>l in wh<span class=\"_ _1\"></span>ich as<span class=\"_ _1\"></span>sets<span class=\"_ _1\"></span> are ma<span class=\"_ _1\"></span>nag<span class=\"_ _1\"></span>ed <span class=\"ls1 ws0\"> </span></span></span>and their ca<span class=\"_ _2\"></span>sh flow charact<span class=\"_ _2\"></span>eristics. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Under<span class=\"_ _2\"></span> IFR<span class=\"_ _2\"></span>S 9<span class=\"_ _2\"></span>, all<span class=\"_ _2\"></span> fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al i<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>um<span class=\"_ _2\"></span>ents <span class=\"_ _2\"></span>are i<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>all<span class=\"_ _2\"></span>y me<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>ed a<span class=\"_ _2\"></span>t f<span class=\"_ _2\"></span>air <span class=\"_ _2\"></span>val<span class=\"_ _2\"></span>ue. I<span class=\"_ _2\"></span>n ad<span class=\"_ _2\"></span>diti<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>, for<span class=\"_ _2\"></span> fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al assets or liabilities not<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">remea<span class=\"_ _2\"></span>sure<span class=\"_ _2\"></span>d at<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue t<span class=\"_ _2\"></span>hr<span class=\"_ _2\"></span>oug<span class=\"_ _2\"></span>h pro<span class=\"_ _2\"></span>fit <span class=\"_ _2\"></span>or l<span class=\"_ _2\"></span>oss<span class=\"_ _2\"></span>, fi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> inst<span class=\"_ _2\"></span>rum<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> </span></span>adjust<span class=\"_ _2\"></span>ed<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span> tra<span class=\"_ _2\"></span>nsac<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n co<span class=\"_ _2\"></span>sts.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span> cl<span class=\"_ _2\"></span>assif<span class=\"_ _2\"></span>ic<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> </span>of a f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al as<span class=\"_ _2\"></span>set i<span class=\"_ _2\"></span>s d<span class=\"_ _2\"></span>eterm<span class=\"_ _2\"></span>ined<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws78\">initial<span class=\"_ _2\"></span> </span>recog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on;<span class=\"_ _2\"></span> ho<span class=\"_ _2\"></span>wever<span class=\"_ _2\"></span>, if<span class=\"_ _2\"></span> cer<span class=\"_ _2\"></span>tai<span class=\"_ _2\"></span>n co<span class=\"_ _2\"></span>nditi<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>s are <span class=\"_ _2\"></span>met<span class=\"_ _2\"></span>, an<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>et m<span class=\"_ _2\"></span>ay s<span class=\"_ _2\"></span>ubse<span class=\"_ _2\"></span>quent<span class=\"_ _2\"></span>ly <span class=\"_ _2\"></span>need<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span>be recla<span class=\"_ _2\"></span>ssified.<span class=\"_ _195\"> </span>IFRS 9 contains three principal classification c<span class=\"_ _2\"></span>ategories for financial assets, based on the<span class=\"_ _2\"></span> business models under whi<span class=\"_ _2\"></span>ch they are hel<span class=\"_ _2\"></span>d:<span class=\"ls1 ws0\"> </span>Amorti<span class=\"_ _2\"></span>sed <span class=\"_ _2\"></span>cost:<span class=\"_ _2\"></span> The <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> cla<span class=\"_ _2\"></span>ssif<span class=\"_ _2\"></span>ies it<span class=\"_ _2\"></span>s fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al as<span class=\"_ _2\"></span>sets <span class=\"_ _2\"></span>at amo<span class=\"_ _2\"></span>rtis<span class=\"_ _2\"></span>ed co<span class=\"_ _2\"></span>st o<span class=\"_ _2\"></span>nly if b<span class=\"_ _2\"></span>ot<span class=\"_ _2\"></span>h of th<span class=\"_ _2\"></span>e fol<span class=\"_ _2\"></span>lowi<span class=\"_ _2\"></span>ng criteria are met: <span class=\"ls53 ws80\">(i) <span class=\"ls30 ws73\">the asset<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> held wit<span class=\"_ _2\"></span>hin a busi<span class=\"_ _2\"></span>ness<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">model<span class=\"_ _2\"></span> with the <span class=\"_ _2\"></span>objecti<span class=\"_ _2\"></span>ve of coll<span class=\"_ _2\"></span>ecting<span class=\"_ _2\"></span> the </span></span></span></span>cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>ual c<span class=\"_ _2\"></span>as<span class=\"_ _2\"></span>h fl<span class=\"_ _2\"></span>ows<span class=\"ls1 ws0\">; </span><span class=\"ws78\">and<span class=\"ls1 ws0\"> <span class=\"ls54 ws83\">(ii)</span> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">the<span class=\"_ _2\"></span> cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>ual<span class=\"_ _2\"></span> term<span class=\"_ _2\"></span>s gi<span class=\"_ _2\"></span>ve<span class=\"_ _2\"></span> rise<span class=\"_ _2\"></span> on<span class=\"_ _2\"></span> spec<span class=\"_ _2\"></span>ifi<span class=\"_ _2\"></span>ed d<span class=\"_ _2\"></span>ates t<span class=\"_ _2\"></span>o c<span class=\"_ _2\"></span>ash f<span class=\"_ _2\"></span>low<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>hat </span></span></span>are<span class=\"ls1 ws0\"> </span><span class=\"wsaa\">sole<span class=\"_ _2\"></span>ly p<span class=\"_ _2\"></span>ayme<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span> of pr<span class=\"_ _2\"></span>inc<span class=\"_ _2\"></span>ip<span class=\"_ _2\"></span>al a<span class=\"_ _2\"></span>nd i<span class=\"_ _2\"></span>nter<span class=\"_ _2\"></span>est o<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he pr<span class=\"_ _2\"></span>inci<span class=\"_ _2\"></span>pal<span class=\"_ _2\"></span> out<span class=\"_ _2\"></span>sta<span class=\"_ _2\"></span>ndin<span class=\"_ _2\"></span>g. I<span class=\"_ _2\"></span>nco<span class=\"_ _2\"></span>me fr<span class=\"_ _2\"></span>om t<span class=\"_ _2\"></span>hese<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al </span>asset<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>s inc<span class=\"_ _2\"></span>lud<span class=\"_ _2\"></span>ed i<span class=\"_ _2\"></span>n fi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>e i<span class=\"_ _2\"></span>ncome<span class=\"_ _2\"></span> usi<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>he<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">effecti<span class=\"_ _2\"></span>ve interest<span class=\"_ _2\"></span> rat<span class=\"_ _2\"></span>e method.<span class=\"_ _2\"></span> Th<span class=\"ff175\">e Gro<span class=\"_ _2\"></span>up\u2019s a<span class=\"_ _2\"></span>sset</span><span class=\"ls47 ws71\">s </span></span></span>measured at amortised cost include trade and other receivables, cash and cash equivalent<span class=\"_ _2\"></span>s and adva<span class=\"_ _2\"></span>nces<span class=\"_ _2\"></span> fr<span class=\"_ _2\"></span>om joi<span class=\"_ _2\"></span>nt <span class=\"_ _2\"></span>vent<span class=\"_ _2\"></span>ures<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>ocia<span class=\"_ _2\"></span>tes.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Fair<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue t<span class=\"_ _2\"></span>hrou<span class=\"_ _2\"></span>gh ot<span class=\"_ _2\"></span>her<span class=\"_ _2\"></span> comp<span class=\"_ _2\"></span>reh<span class=\"_ _2\"></span>ensi<span class=\"_ _2\"></span>ve i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e (F<span class=\"_ _2\"></span>VTOC<span class=\"_ _2\"></span>I):<span class=\"_ _2\"></span> Asse<span class=\"_ _2\"></span>ts t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> held<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>r col<span class=\"_ _2\"></span>le<span class=\"_ _2\"></span>ctio<span class=\"_ _2\"></span>n of<span class=\"_ _2\"></span> contractual ca<span class=\"_ _2\"></span>sh flows a<span class=\"_ _2\"></span>nd for future s<span class=\"_ _2\"></span>ales, where t<span class=\"_ _2\"></span>he <span class=\"ff175 ls63 ws73\">ass<span class=\"_ _2\"></span>ets<span class=\"_ _2\"></span>\u2019 cas<span class=\"_ _2\"></span>h flo<span class=\"_ _2\"></span>ws rep<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>sent<span class=\"_ _2\"></span> sol<span class=\"_ _2\"></span>ely p<span class=\"_ _2\"></span>ayme<span class=\"_ _2\"></span>nts o<span class=\"_ _2\"></span>f </span>prin<span class=\"_ _1\"></span>cipa<span class=\"_ _1\"></span>l and in<span class=\"_ _1\"></span>terest<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>and d<span class=\"_ _1\"></span>ividen<span class=\"_ _1\"></span>ds, are<span class=\"_ _1\"></span> measu<span class=\"_ _1\"></span>red at fa<span class=\"_ _1\"></span>ir value<span class=\"_ _1\"></span> throug<span class=\"_ _1\"></span>h other c<span class=\"_ _1\"></span>ompreh<span class=\"_ _1\"></span>ensiv<span class=\"_ _1\"></span>e inco<span class=\"_ _1\"></span>me.<span class=\"ls1 ws0\">  </span>Fair <span class=\"_ _2\"></span>value t<span class=\"_ _2\"></span>hroug<span class=\"_ _2\"></span>h profi<span class=\"_ _2\"></span>t or l<span class=\"_ _2\"></span>oss (<span class=\"_ _2\"></span>FVTPL):<span class=\"_ _2\"></span> As<span class=\"_ _2\"></span>sets t<span class=\"_ _2\"></span>hat d<span class=\"_ _2\"></span>o not <span class=\"_ _2\"></span>meet <span class=\"_ _2\"></span>the c<span class=\"_ _2\"></span>riteri<span class=\"_ _2\"></span>a for <span class=\"_ _2\"></span>amort<span class=\"_ _2\"></span>ised c<span class=\"_ _2\"></span>ost <span class=\"_ _2\"></span><span class=\"ls1\"> </span>or FVTOCI are m<span class=\"_ _2\"></span>easured at <span class=\"ls4b ws77\">F<span class=\"_ _2\"></span>VTP<span class=\"_ _2\"></span>L.<span class=\"_ _195\"> </span></span>Acc<span class=\"_ _1\"></span>ounting<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>polic<span class=\"_ _1\"></span>y for<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>deriv<span class=\"_ _1\"></span>ative a<span class=\"_ _1\"></span>ssets and<span class=\"_ _1\"></span> liabilit<span class=\"_ _1\"></span>ies<span class=\"ls1 ws0\"> </span>The G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> en<span class=\"_ _2\"></span>ter<span class=\"_ _2\"></span>s int<span class=\"_ _2\"></span>o for<span class=\"_ _2\"></span>ward<span class=\"_ _2\"></span> ex<span class=\"_ _2\"></span>chang<span class=\"_ _2\"></span>e c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span>s to<span class=\"_ _2\"></span> hedg<span class=\"_ _2\"></span>e f<span class=\"_ _2\"></span>orei<span class=\"_ _2\"></span>gn c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>nc<span class=\"_ _2\"></span>y tr<span class=\"_ _2\"></span>ans<span class=\"_ _2\"></span>actio<span class=\"_ _2\"></span>ns,<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st ra<span class=\"_ _1\"></span>te sw<span class=\"_ _1\"></span>aps to<span class=\"_ _1\"></span> hed<span class=\"_ _1\"></span>ge the<span class=\"_ _1\"></span> ris<span class=\"_ _1\"></span>k of<span class=\"ls1 ws0\"> <span class=\"ls54 ws70\">va<span class=\"_ _1\"></span>riability <span class=\"_ _2\"></span>of interest<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">p<span class=\"_ _2\"></span>aym<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span>, cr<span class=\"_ _2\"></span>oss<span class=\"ls1 ws0\">-</span><span class=\"ws7c\">curr<span class=\"_ _2\"></span>enc<span class=\"_ _2\"></span>y inte<span class=\"_ _2\"></span>rest<span class=\"_ _2\"></span> rat<span class=\"_ _2\"></span>e swap<span class=\"_ _2\"></span>s to </span></span></span></span></span>hedge the risk of variability of inte<span class=\"_ _2\"></span>rest and principal payments on<span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">non</span>-<span class=\"ls4b ws49\">US do<span class=\"_ _2\"></span>lla</span>r-<span class=\"ls49 ws78\">denomi<span class=\"_ _2\"></span>nat<span class=\"_ _2\"></span>ed </span></span>borrowings<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls48 ws32\">b<span class=\"_ _2\"></span>unker fuel<span class=\"_ _2\"></span> hedge <span class=\"_ _2\"></span>contracts<span class=\"_ _2\"></span> to loc<span class=\"_ _2\"></span>k in the p<span class=\"_ _2\"></span>rice f<span class=\"_ _2\"></span>or a p<span class=\"_ _2\"></span>ortion of<span class=\"_ _2\"></span> forecasted<span class=\"_ _2\"></span> bunk<span class=\"_ _2\"></span>er </span></span>fuel<span class=\"ls1 ws0\"> <span class=\"ls48 ws72\">requireme<span class=\"_ _2\"></span>nts<span class=\"ls2f ws2f\">, a<span class=\"_ _2\"></span>nd carbon emi<span class=\"_ _2\"></span>ssions forward co<span class=\"_ _2\"></span>ntracts to f<span class=\"_ _2\"></span>ix the price <span class=\"_ _2\"></span>of future E<span class=\"_ _2\"></span>U carbon </span></span></span>emis<span class=\"_ _2\"></span>sio<span class=\"_ _2\"></span>ns all<span class=\"_ _2\"></span>ow<span class=\"_ _2\"></span>ance <span class=\"_ _2\"></span><span class=\"ls1 ws0\">r<span class=\"ls54 ws70\">egula<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>ory obliga<span class=\"ls49 ws78\">tio<span class=\"_ _2\"></span>ns<span class=\"wsaa\">. N<span class=\"_ _2\"></span>o i<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ument<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>are h<span class=\"_ _2\"></span>el<span class=\"_ _2\"></span>d for<span class=\"_ _2\"></span> spec<span class=\"_ _2\"></span>ul<span class=\"_ _2\"></span>ativ<span class=\"_ _2\"></span>e p<span class=\"_ _2\"></span>urpo<span class=\"_ _2\"></span>ses.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span>For bonds<span class=\"_ _2\"></span> and lo<span class=\"_ _2\"></span>an facili<span class=\"_ _2\"></span>ties whe<span class=\"_ _2\"></span>re it i<span class=\"_ _2\"></span>s determi<span class=\"_ _2\"></span>ned that<span class=\"_ _2\"></span> there i<span class=\"_ _2\"></span>s an<span class=\"_ _2\"></span> interest r<span class=\"_ _2\"></span>ate or f<span class=\"_ _2\"></span>oreig<span class=\"_ _2\"></span>n currenc<span class=\"_ _2\"></span>y risk t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> sh<span class=\"_ _2\"></span>ould<span class=\"_ _2\"></span> be h<span class=\"_ _2\"></span>edge<span class=\"_ _2\"></span>d, t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> der<span class=\"_ _2\"></span>ivati<span class=\"_ _2\"></span>ve f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al i<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ument<span class=\"_ _2\"></span> ac<span class=\"_ _2\"></span>quir<span class=\"_ _2\"></span>ed w<span class=\"_ _2\"></span>ill <span class=\"_ _2\"></span>have<span class=\"_ _2\"></span> cri<span class=\"_ _2\"></span>tic<span class=\"_ _2\"></span>al te<span class=\"_ _2\"></span>rms<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> mirror those of the <span class=\"_ _2\"></span>underlying debt. In<span class=\"_ _2\"></span> these cir<span class=\"ff17a ls49 wsaa\">c<span class=\"_ _2\"></span>umsta<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span>s, it<span class=\"_ _2\"></span> is <span class=\"_ _2\"></span>th<span class=\"_ _2\"></span>e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s obj<span class=\"_ _2\"></span>ecti<span class=\"_ _2\"></span>ve t<span class=\"_ _2\"></span>o ac<span class=\"_ _2\"></span>hie<span class=\"_ _2\"></span>ve</span><span class=\"ls1 ws0\"> </span>100%<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 ws78\">ef<span class=\"_ _2\"></span>fect<span class=\"_ _2\"></span>ive<span class=\"_ _2\"></span>ness<span class=\"_ _2\"></span>.<span class=\"_ _195\"> </span></span></span>Deriv<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ve f<span class=\"_ _2\"></span>inanc<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span>str<span class=\"_ _2\"></span>ument<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e ini<span class=\"_ _2\"></span>tial<span class=\"_ _2\"></span>ly r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d <span class=\"_ _2\"></span>at f<span class=\"_ _2\"></span>air <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>dat<span class=\"_ _2\"></span>e a d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ve c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span> is entered i<span class=\"_ _2\"></span>nto and ar<span class=\"_ _2\"></span>e sub<span class=\"_ _2\"></span>sequentl<span class=\"_ _2\"></span>y remeasur<span class=\"_ _2\"></span>ed to<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">their<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> each<span class=\"_ _2\"></span> bal<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> s<span class=\"_ _2\"></span>heet<span class=\"_ _2\"></span> date<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>e </span></span>resul<span class=\"_ _2\"></span>ting<span class=\"_ _2\"></span> g<span class=\"_ _2\"></span>ain or<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss o<span class=\"_ _2\"></span>n re<span class=\"_ _2\"></span>meas<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> is re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>ni<span class=\"ls48 ws32\">s<span class=\"_ _2\"></span>ed immedi<span class=\"_ _2\"></span>ately i<span class=\"_ _2\"></span>n the i<span class=\"_ _2\"></span>ncome sta<span class=\"_ _2\"></span>tement <span class=\"_ _2\"></span>unless </span>the d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ve i<span class=\"_ _2\"></span>s de<span class=\"_ _2\"></span>sign<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> ef<span class=\"_ _2\"></span>fect<span class=\"_ _2\"></span>ive <span class=\"_ _2\"></span>as <span class=\"_ _2\"></span>a hedg<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> ins<span class=\"_ _2\"></span>tru<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>, i<span class=\"_ _2\"></span>n whic<span class=\"_ _2\"></span>h <span class=\"_ _2\"></span>event<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e timi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>of t<span class=\"_ _2\"></span>he recog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> any re<span class=\"_ _2\"></span>sult<span class=\"_ _2\"></span>ant g<span class=\"_ _2\"></span>ain or<span class=\"_ _2\"></span> loss on t<span class=\"_ _2\"></span>he in<span class=\"_ _2\"></span>come<span class=\"_ _2\"></span> stat<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span> depend<span class=\"_ _2\"></span>s o<span class=\"_ _2\"></span>n the n<span class=\"_ _2\"></span>ature<span class=\"_ _2\"></span> of the it<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m being he<span class=\"ls49 wsaa\">dged. T<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>mp<span class=\"_ _2\"></span>act i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent i<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>show<span class=\"_ _2\"></span>n in<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>erest<span class=\"_ _2\"></span>, f<span class=\"_ _2\"></span>oreig<span class=\"_ _2\"></span>n c<span class=\"_ _2\"></span>urr<span class=\"_ _2\"></span>ency e<span class=\"_ _2\"></span>xch<span class=\"_ _2\"></span>ang<span class=\"_ _2\"></span>e </span>gain (loss) or operating expenses as appropriate, based o<span class=\"_ _2\"></span>n the underlying <span class=\"ls49 ws78\">nat<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span> <span class=\"ls48 ws32\">of the deri<span class=\"_ _2\"></span>vative.<span class=\"_ _195\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-639": {
   "value": "Accoun<span class=\"_ _2\"></span>ting <span class=\"_ _2\"></span>poli<span class=\"_ _2\"></span>cy for f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial in<span class=\"_ _2\"></span>strum<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>IFRS<span class=\"_ _2\"></span> 9 co<span class=\"_ _2\"></span>ntai<span class=\"_ _2\"></span>ns a<span class=\"_ _2\"></span> cl<span class=\"_ _2\"></span>assif<span class=\"_ _2\"></span>icat<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>n a<span class=\"_ _2\"></span>nd me<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt ap<span class=\"_ _2\"></span>pro<span class=\"_ _2\"></span>ach<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span> fina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al as<span class=\"_ _2\"></span>set<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd li<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>itie<span class=\"_ _2\"></span>s,<span class=\"_ _2\"></span> inclu<span class=\"_ _2\"></span>ding<span class=\"_ _2\"></span> der<span class=\"_ _2\"></span>iv<span class=\"_ _2\"></span>ativ<span class=\"_ _2\"></span>e inst<span class=\"_ _2\"></span>rum<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls73 wsb6\">tha<span class=\"_ _1\"></span>t refl<span class=\"_ _1\"></span>ects<span class=\"_ _1\"></span> the b<span class=\"_ _1\"></span>usin<span class=\"_ _1\"></span>ess m<span class=\"_ _1\"></span>ode<span class=\"_ _1\"></span>l in wh<span class=\"_ _1\"></span>ich as<span class=\"_ _1\"></span>sets<span class=\"_ _1\"></span> are ma<span class=\"_ _1\"></span>nag<span class=\"_ _1\"></span>ed <span class=\"ls1 ws0\"> </span></span></span>and their ca<span class=\"_ _2\"></span>sh flow charact<span class=\"_ _2\"></span>eristics. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Under<span class=\"_ _2\"></span> IFR<span class=\"_ _2\"></span>S 9<span class=\"_ _2\"></span>, all<span class=\"_ _2\"></span> fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al i<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>um<span class=\"_ _2\"></span>ents <span class=\"_ _2\"></span>are i<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>all<span class=\"_ _2\"></span>y me<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>ed a<span class=\"_ _2\"></span>t f<span class=\"_ _2\"></span>air <span class=\"_ _2\"></span>val<span class=\"_ _2\"></span>ue. I<span class=\"_ _2\"></span>n ad<span class=\"_ _2\"></span>diti<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>, for<span class=\"_ _2\"></span> fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al assets or liabilities not<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">remea<span class=\"_ _2\"></span>sure<span class=\"_ _2\"></span>d at<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue t<span class=\"_ _2\"></span>hr<span class=\"_ _2\"></span>oug<span class=\"_ _2\"></span>h pro<span class=\"_ _2\"></span>fit <span class=\"_ _2\"></span>or l<span class=\"_ _2\"></span>oss<span class=\"_ _2\"></span>, fi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> inst<span class=\"_ _2\"></span>rum<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> </span></span>adjust<span class=\"_ _2\"></span>ed<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span> tra<span class=\"_ _2\"></span>nsac<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n co<span class=\"_ _2\"></span>sts.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span> cl<span class=\"_ _2\"></span>assif<span class=\"_ _2\"></span>ic<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> </span>of a f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al as<span class=\"_ _2\"></span>set i<span class=\"_ _2\"></span>s d<span class=\"_ _2\"></span>eterm<span class=\"_ _2\"></span>ined<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws78\">initial<span class=\"_ _2\"></span> </span>recog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on;<span class=\"_ _2\"></span> ho<span class=\"_ _2\"></span>wever<span class=\"_ _2\"></span>, if<span class=\"_ _2\"></span> cer<span class=\"_ _2\"></span>tai<span class=\"_ _2\"></span>n co<span class=\"_ _2\"></span>nditi<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>s are <span class=\"_ _2\"></span>met<span class=\"_ _2\"></span>, an<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>et m<span class=\"_ _2\"></span>ay s<span class=\"_ _2\"></span>ubse<span class=\"_ _2\"></span>quent<span class=\"_ _2\"></span>ly <span class=\"_ _2\"></span>need<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span>be recla<span class=\"_ _2\"></span>ssified.<span class=\"_ _195\"> </span>IFRS 9 contains three principal classification c<span class=\"_ _2\"></span>ategories for financial assets, based on the<span class=\"_ _2\"></span> business models under whi<span class=\"_ _2\"></span>ch they are hel<span class=\"_ _2\"></span>d:<span class=\"ls1 ws0\"> </span>Amorti<span class=\"_ _2\"></span>sed <span class=\"_ _2\"></span>cost:<span class=\"_ _2\"></span> The <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> cla<span class=\"_ _2\"></span>ssif<span class=\"_ _2\"></span>ies it<span class=\"_ _2\"></span>s fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al as<span class=\"_ _2\"></span>sets <span class=\"_ _2\"></span>at amo<span class=\"_ _2\"></span>rtis<span class=\"_ _2\"></span>ed co<span class=\"_ _2\"></span>st o<span class=\"_ _2\"></span>nly if b<span class=\"_ _2\"></span>ot<span class=\"_ _2\"></span>h of th<span class=\"_ _2\"></span>e fol<span class=\"_ _2\"></span>lowi<span class=\"_ _2\"></span>ng criteria are met: <span class=\"ls53 ws80\">(i) <span class=\"ls30 ws73\">the asset<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> held wit<span class=\"_ _2\"></span>hin a busi<span class=\"_ _2\"></span>ness<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">model<span class=\"_ _2\"></span> with the <span class=\"_ _2\"></span>objecti<span class=\"_ _2\"></span>ve of coll<span class=\"_ _2\"></span>ecting<span class=\"_ _2\"></span> the </span></span></span></span>cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>ual c<span class=\"_ _2\"></span>as<span class=\"_ _2\"></span>h fl<span class=\"_ _2\"></span>ows<span class=\"ls1 ws0\">; </span><span class=\"ws78\">and<span class=\"ls1 ws0\"> <span class=\"ls54 ws83\">(ii)</span> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">the<span class=\"_ _2\"></span> cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>ual<span class=\"_ _2\"></span> term<span class=\"_ _2\"></span>s gi<span class=\"_ _2\"></span>ve<span class=\"_ _2\"></span> rise<span class=\"_ _2\"></span> on<span class=\"_ _2\"></span> spec<span class=\"_ _2\"></span>ifi<span class=\"_ _2\"></span>ed d<span class=\"_ _2\"></span>ates t<span class=\"_ _2\"></span>o c<span class=\"_ _2\"></span>ash f<span class=\"_ _2\"></span>low<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>hat </span></span></span>are<span class=\"ls1 ws0\"> </span><span class=\"wsaa\">sole<span class=\"_ _2\"></span>ly p<span class=\"_ _2\"></span>ayme<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span> of pr<span class=\"_ _2\"></span>inc<span class=\"_ _2\"></span>ip<span class=\"_ _2\"></span>al a<span class=\"_ _2\"></span>nd i<span class=\"_ _2\"></span>nter<span class=\"_ _2\"></span>est o<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he pr<span class=\"_ _2\"></span>inci<span class=\"_ _2\"></span>pal<span class=\"_ _2\"></span> out<span class=\"_ _2\"></span>sta<span class=\"_ _2\"></span>ndin<span class=\"_ _2\"></span>g. I<span class=\"_ _2\"></span>nco<span class=\"_ _2\"></span>me fr<span class=\"_ _2\"></span>om t<span class=\"_ _2\"></span>hese<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al </span>asset<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>s inc<span class=\"_ _2\"></span>lud<span class=\"_ _2\"></span>ed i<span class=\"_ _2\"></span>n fi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>e i<span class=\"_ _2\"></span>ncome<span class=\"_ _2\"></span> usi<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>he<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">effecti<span class=\"_ _2\"></span>ve interest<span class=\"_ _2\"></span> rat<span class=\"_ _2\"></span>e method.<span class=\"_ _2\"></span> Th<span class=\"ff175\">e Gro<span class=\"_ _2\"></span>up\u2019s a<span class=\"_ _2\"></span>sset</span><span class=\"ls47 ws71\">s </span></span></span>measured at amortised cost include trade and other receivables, cash and cash equivalent<span class=\"_ _2\"></span>s and adva<span class=\"_ _2\"></span>nces<span class=\"_ _2\"></span> fr<span class=\"_ _2\"></span>om joi<span class=\"_ _2\"></span>nt <span class=\"_ _2\"></span>vent<span class=\"_ _2\"></span>ures<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>ocia<span class=\"_ _2\"></span>tes.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Fair<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue t<span class=\"_ _2\"></span>hrou<span class=\"_ _2\"></span>gh ot<span class=\"_ _2\"></span>her<span class=\"_ _2\"></span> comp<span class=\"_ _2\"></span>reh<span class=\"_ _2\"></span>ensi<span class=\"_ _2\"></span>ve i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e (F<span class=\"_ _2\"></span>VTOC<span class=\"_ _2\"></span>I):<span class=\"_ _2\"></span> Asse<span class=\"_ _2\"></span>ts t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> held<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>r col<span class=\"_ _2\"></span>le<span class=\"_ _2\"></span>ctio<span class=\"_ _2\"></span>n of<span class=\"_ _2\"></span> contractual ca<span class=\"_ _2\"></span>sh flows a<span class=\"_ _2\"></span>nd for future s<span class=\"_ _2\"></span>ales, where t<span class=\"_ _2\"></span>he <span class=\"ff175 ls63 ws73\">ass<span class=\"_ _2\"></span>ets<span class=\"_ _2\"></span>\u2019 cas<span class=\"_ _2\"></span>h flo<span class=\"_ _2\"></span>ws rep<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>sent<span class=\"_ _2\"></span> sol<span class=\"_ _2\"></span>ely p<span class=\"_ _2\"></span>ayme<span class=\"_ _2\"></span>nts o<span class=\"_ _2\"></span>f </span>prin<span class=\"_ _1\"></span>cipa<span class=\"_ _1\"></span>l and in<span class=\"_ _1\"></span>terest<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>and d<span class=\"_ _1\"></span>ividen<span class=\"_ _1\"></span>ds, are<span class=\"_ _1\"></span> measu<span class=\"_ _1\"></span>red at fa<span class=\"_ _1\"></span>ir value<span class=\"_ _1\"></span> throug<span class=\"_ _1\"></span>h other c<span class=\"_ _1\"></span>ompreh<span class=\"_ _1\"></span>ensiv<span class=\"_ _1\"></span>e inco<span class=\"_ _1\"></span>me.<span class=\"ls1 ws0\">  </span>Fair <span class=\"_ _2\"></span>value t<span class=\"_ _2\"></span>hroug<span class=\"_ _2\"></span>h profi<span class=\"_ _2\"></span>t or l<span class=\"_ _2\"></span>oss (<span class=\"_ _2\"></span>FVTPL):<span class=\"_ _2\"></span> As<span class=\"_ _2\"></span>sets t<span class=\"_ _2\"></span>hat d<span class=\"_ _2\"></span>o not <span class=\"_ _2\"></span>meet <span class=\"_ _2\"></span>the c<span class=\"_ _2\"></span>riteri<span class=\"_ _2\"></span>a for <span class=\"_ _2\"></span>amort<span class=\"_ _2\"></span>ised c<span class=\"_ _2\"></span>ost <span class=\"_ _2\"></span><span class=\"ls1\"> </span>or FVTOCI are m<span class=\"_ _2\"></span>easured at <span class=\"ls4b ws77\">F<span class=\"_ _2\"></span>VTP<span class=\"_ _2\"></span>L.<span class=\"_ _195\"> </span></span><span class=\"ls4b ws77\"><span class=\"ls1 ws0\"> </span></span><span class=\"ls4b ws77\"><span class=\"ls1 ws0\"> </span></span>(i) Impa<span class=\"_ _2\"></span>irme<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>As requir<span class=\"_ _2\"></span>ed by I<span class=\"_ _2\"></span>FRS 9, t<span class=\"_ _2\"></span>he Group <span class=\"_ _2\"></span>adopted <span class=\"_ _2\"></span>an <span class=\"ff175 ls1 ws0\">\u2018</span><span class=\"ls2f ws2f\">expected credit l<span class=\"_ _2\"></span>oss model<span class=\"ff175 ls49 ws78\">\u2019,<span class=\"_ _2\"></span></span><span class=\"ls1 ws0\"> </span></span>which requir<span class=\"_ _2\"></span>es the <span class=\"_ _2\"></span>Group to account for exp<span class=\"_ _2\"></span>ected credit lo<span class=\"_ _2\"></span>sses and c<span class=\"_ _2\"></span>hanges in<span class=\"ls1 ws0\"> <span class=\"ls4b ws77\">those<span class=\"_ _2\"></span></span> </span>expected credit los<span class=\"_ _2\"></span>ses at each yea<span class=\"_ _2\"></span>r end or half<span class=\"ls1 ws0\"> </span><span class=\"wsaa\">ye<span class=\"_ _2\"></span>ar to<span class=\"_ _2\"></span> ref<span class=\"_ _2\"></span>lect<span class=\"_ _2\"></span> ch<span class=\"_ _2\"></span>anges<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> cre<span class=\"_ _2\"></span>dit r<span class=\"_ _2\"></span>isk <span class=\"_ _2\"></span>sinc<span class=\"_ _2\"></span>e i<span class=\"_ _2\"></span>nitial<span class=\"_ _2\"></span> re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on. I<span class=\"_ _2\"></span>n o<span class=\"_ _2\"></span>ther<span class=\"_ _2\"></span> word<span class=\"_ _2\"></span>s,<span class=\"_ _2\"></span> it i<span class=\"_ _2\"></span>s no<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>nger<span class=\"_ _2\"></span> </span>necessary for a<span class=\"_ _2\"></span> credit event t<span class=\"_ _2\"></span>o have <span class=\"_ _2\"></span>occurred before c<span class=\"_ _2\"></span>redit lo<span class=\"_ _2\"></span>sses are recogni<span class=\"_ _2\"></span>sed. Credit lo<span class=\"_ _2\"></span>sses are calc<span class=\"_ _2\"></span>ulat<span class=\"_ _2\"></span>ed as<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls61 ws89\">the<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">pres<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue o<span class=\"_ _2\"></span>f the<span class=\"_ _2\"></span> dif<span class=\"_ _2\"></span>fere<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> bet<span class=\"_ _2\"></span>wee<span class=\"_ _2\"></span>n all<span class=\"_ _2\"></span></span> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>rac<span class=\"_ _2\"></span>tual c<span class=\"_ _2\"></span>as<span class=\"_ _2\"></span>h fl<span class=\"_ _2\"></span>ows t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> are <span class=\"_ _2\"></span>due<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> </span></span></span></span>all c<span class=\"ls48 ws32\">ash fl<span class=\"_ _2\"></span>ows that t<span class=\"_ _2\"></span>he entit<span class=\"_ _2\"></span>y expe<span class=\"_ _2\"></span>cts to r<span class=\"_ _2\"></span>eceive. E<span class=\"_ _2\"></span>xpected<span class=\"_ _2\"></span> credit l<span class=\"_ _2\"></span>osses a<span class=\"_ _2\"></span>re the<span class=\"_ _2\"></span> sum of <span class=\"_ _2\"></span>all pos<span class=\"_ _2\"></span>sible </span>credit losses, weighted by their probability of occurrence.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The <span class=\"ff175 ls1 ws0\">\u2018<span class=\"_ _1\"></span><span class=\"ff174 ls54 ws83\">12<span class=\"ls1 ws0\">-<span class=\"ls2f ws2f\">month expected<span class=\"_ _2\"></span> credit losses<span class=\"_ _2\"></span></span><span class=\"ff175\">\u2019</span> <span class=\"_ _1\"></span><span class=\"ls54 ws70\">approach is applied to all f<span class=\"_ _2\"></span>inancial assets with the exception of </span></span></span></span>trade receivable<span class=\"_ _2\"></span>s and advance<span class=\"_ _2\"></span>s to<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">joint<span class=\"_ _2\"></span> vent<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>s. Bo<span class=\"_ _2\"></span>th</span> <span class=\"ls49 wsaa\">the<span class=\"_ _2\"></span>se a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span> cl<span class=\"_ _2\"></span>ass<span class=\"_ _2\"></span>es ge<span class=\"_ _2\"></span>ner<span class=\"_ _2\"></span>ally d<span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>not c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ain <span class=\"_ _2\"></span>a </span></span>significant financing component. For these assets, the Gro<span class=\"_ _2\"></span>up applies the simplified approach permitted by<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls54 ws70\">IFRS 9<span class=\"_ _2\"></span>, which requires expected lifetime losses to<span class=\"_ _2\"></span> be recognised from initial reco<span class=\"ls49 ws78\">g<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on </span></span></span>of th<span class=\"_ _2\"></span>e re<span class=\"_ _2\"></span>cei<span class=\"_ _2\"></span>vabl<span class=\"_ _2\"></span>es, <span class=\"_ _2\"></span>net <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>any <span class=\"_ _2\"></span>allo<span class=\"_ _2\"></span>wance<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>sses.<span class=\"_ _2\"></span> Th<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> </span>allo<span class=\"_ _2\"></span>wance<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss me<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt i<span class=\"_ _2\"></span>s de<span class=\"_ _2\"></span>termi<span class=\"_ _2\"></span>ned<span class=\"_ _2\"></span> by apply<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> a si<span class=\"ls54 ws70\">mplified approach equalling the<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">lifetime expe<span class=\"_ _2\"></span>cted credit los<span class=\"_ _2\"></span>ses. </span> </span></span>Under the simplified approach, the tracking of c<span class=\"_ _2\"></span>hanges in credit risk is not required, but i<span class=\"_ _2\"></span>nstead <span class=\"ls1 ws0\"> </span>the base li<span class=\"_ _2\"></span>fetime <span class=\"_ _2\"></span>expecte<span class=\"_ _2\"></span>d credit l<span class=\"_ _2\"></span>oss <span class=\"_ _2\"></span>at<span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">all</span> <span class=\"ls54 ws70\">times is applied. An allowance for loss is made for </span></span>potentially impaired receivables during the year in which <span class=\"_ _2\"></span>they are identified based on <span class=\"_ _2\"></span>a periodic review of all<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>outst<span class=\"_ _2\"></span>andi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nts.<span class=\"_ _2\"></span> Lo<span class=\"_ _2\"></span>sses <span class=\"_ _2\"></span>are r<span class=\"_ _2\"></span>eco<span class=\"_ _2\"></span>rded<span class=\"_ _2\"></span> wit<span class=\"_ _2\"></span>hin <span class=\"_ _2\"></span>sell<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span>, m<span class=\"_ _2\"></span>arke<span class=\"_ _2\"></span>tin<span class=\"_ _2\"></span>g and<span class=\"_ _2\"></span> dis<span class=\"_ _2\"></span>trib<span class=\"_ _2\"></span>uti<span class=\"_ _2\"></span>on ex<span class=\"_ _2\"></span>pen<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws78\">in </span>the i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent.<span class=\"_ _2\"></span> Tr<span class=\"_ _2\"></span>ade<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>eivab<span class=\"_ _2\"></span>les<span class=\"_ _2\"></span> are d<span class=\"_ _2\"></span>eem<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>as i<span class=\"_ _2\"></span>mpai<span class=\"_ _2\"></span>red <span class=\"_ _2\"></span>when<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span>re i<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>n indi<span class=\"_ _2\"></span>cat<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>of significant <span class=\"_ _1\"></span><span class=\"ws70\">financial diffic<span class=\"_ _2\"></span>ulties of the debtor (delinquency in or default on payments oc<span class=\"_ _2\"></span>curs, </span>probability of ban<span class=\"_ _1\"></span>k<span class=\"_ _2\"></span>ruptcy or ne<span class=\"_ _1\"></span>e<span class=\"_ _2\"></span>d for financia<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span> reorganisation).<span class=\"ls1 ws0\"> </span>(ii<span class=\"_ _2\"></span>) <span class=\"ls50 wsd7\">F<span class=\"_ _1\"></span>air va<span class=\"_ _1\"></span>lue e<span class=\"_ _1\"></span>stima<span class=\"_ _1\"></span>tion<span class=\"ls1 ws0\"> </span></span>The i<span class=\"_ _2\"></span>nfo<span class=\"_ _2\"></span>rmati<span class=\"_ _2\"></span>on b<span class=\"_ _2\"></span>el<span class=\"_ _2\"></span>ow s<span class=\"_ _2\"></span>ummar<span class=\"_ _2\"></span>is<span class=\"_ _2\"></span>es fi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> inst<span class=\"_ _2\"></span>rum<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s car<span class=\"_ _2\"></span>rie<span class=\"_ _2\"></span>d a<span class=\"_ _2\"></span>t fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue,<span class=\"_ _2\"></span> by <span class=\"_ _2\"></span>valu<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on me<span class=\"_ _2\"></span>thod<span class=\"_ _2\"></span>. The differe<span class=\"_ _2\"></span>nt levels have been def<span class=\"_ _2\"></span>ined as foll<span class=\"_ _2\"></span>ows: <span class=\"ls1 ws0\"> </span>New business quoted prices (unadjusted) in <span class=\"_ _2\"></span>active markets for identical assets or liabilities <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>(Level 1).<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Inputs other than quoted prices i<span class=\"_ _2\"></span>ncluded within Level 1 that are <span class=\"_ _2\"></span>observable for the asset or liability, either directly (that is, as prices) <span class=\"_ _2\"></span>or<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">indirectly (that is<span class=\"_ _2\"></span>, derived from p<span class=\"_ _2\"></span>rices) (Level 2<span class=\"_ _2\"></span>). </span> </span>Inputs for the asset or liability th<span class=\"_ _2\"></span>at are not based on <span class=\"_ _2\"></span>observable market data (that is, unobservable input<span class=\"_ _2\"></span>s) (<span class=\"_ _2\"></span>Le<span class=\"_ _2\"></span>vel 3<span class=\"_ _2\"></span>).<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span>\u2019s i<span class=\"_ _2\"></span>nve<span class=\"_ _2\"></span>stme<span class=\"_ _2\"></span>nts i<span class=\"_ _2\"></span>n <span class=\"_ _2\"></span>Golar<span class=\"_ _2\"></span><span class=\"ff179 ls4b ws49\">, <span class=\"_ _2\"></span>Kingfi<span class=\"_ _2\"></span>sh, O<span class=\"_ _2\"></span>dfj<span class=\"_ _2\"></span>ell S<span class=\"_ _2\"></span>E<span class=\"ls1 ws0\"> <span class=\"ls2f ws92\">and GBL are measured using quoted prices in </span></span></span>an ac<span class=\"_ _2\"></span>tiv<span class=\"_ _2\"></span>e mar<span class=\"_ _2\"></span>ket<span class=\"_ _2\"></span> (Le<span class=\"_ _2\"></span>vel<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ff17a\">1). The<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span>\u2019s<span class=\"_ _2\"></span> deri<span class=\"_ _2\"></span>vat<span class=\"_ _2\"></span>ive <span class=\"_ _2\"></span>asset<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>and l<span class=\"_ _2\"></span>iab<span class=\"_ _2\"></span>ilit<span class=\"_ _2\"></span>ies<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> meas<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>d usi<span class=\"_ _2\"></span>ng i<span class=\"_ _2\"></span>np<span class=\"_ _2\"></span>uts </span>othe<span class=\"_ _2\"></span>r tha<span class=\"_ _2\"></span>n q<span class=\"_ _2\"></span>uoted<span class=\"_ _2\"></span> pr<span class=\"_ _2\"></span>ice<span class=\"_ _2\"></span>s (Le<span class=\"_ _2\"></span>vel<span class=\"_ _2\"></span> 2).<span class=\"_ _2\"></span> The G<span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span>up\u2019s m<span class=\"_ _2\"></span>at<span class=\"_ _2\"></span>ure b<span class=\"_ _2\"></span>iol<span class=\"_ _2\"></span>ogic<span class=\"_ _2\"></span>al a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> me<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>using<span class=\"_ _2\"></span> inp<span class=\"_ _2\"></span>uts<span class=\"_ _2\"></span> other t<span class=\"_ _2\"></span>han quoted<span class=\"_ _2\"></span> prices (<span class=\"_ _2\"></span>Level 2<span class=\"_ _2\"></span>). There <span class=\"_ _2\"></span>have be<span class=\"_ _2\"></span>en no c<span class=\"_ _2\"></span>hanges i<span class=\"_ _2\"></span>n the f<span class=\"_ _2\"></span>air v<span class=\"_ _2\"></span>alue <span class=\"ls53 ws0\">me<span class=\"_ _2\"></span>thodol<span class=\"_ _2\"></span>ogy i<span class=\"_ _2\"></span>n the </span>periods<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">prese<span class=\"_ _2\"></span>nted.<span class=\"_ _195\"> </span></span></span>(iii) <span class=\"ls4a ws81\">Hedge accou<span class=\"_ _2\"></span>nting<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>In acc<span class=\"_ _2\"></span>ord<span class=\"_ _2\"></span>ance wi<span class=\"_ _2\"></span>th IFR<span class=\"_ _2\"></span>S 9\u2019<span class=\"_ _2\"></span>s tra<span class=\"_ _2\"></span>nsit<span class=\"_ _2\"></span>ion pro<span class=\"_ _2\"></span>visi<span class=\"_ _2\"></span>ons f<span class=\"_ _2\"></span>or hedg<span class=\"_ _2\"></span>e ac<span class=\"_ _2\"></span>cou<span class=\"_ _2\"></span>nti<span class=\"_ _2\"></span>ng, the<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span> has n<span class=\"_ _2\"></span>ot app<span class=\"_ _2\"></span>lied<span class=\"_ _2\"></span> the IFRS<span class=\"_ _2\"></span> 9 hedge<span class=\"_ _2\"></span> acco<span class=\"_ _2\"></span>unting<span class=\"_ _2\"></span> req<span class=\"_ _2\"></span>uir<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span>s an<span class=\"_ _2\"></span>d will<span class=\"_ _2\"></span> conti<span class=\"_ _2\"></span>nue t<span class=\"_ _2\"></span>o appl<span class=\"_ _2\"></span>y the<span class=\"_ _2\"></span> hedg<span class=\"_ _2\"></span>e acc<span class=\"_ _2\"></span>ounti<span class=\"_ _2\"></span>ng re<span class=\"_ _2\"></span>quir<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nts of IAS 39. <span class=\"ls1 ws0\"> </span>Acc<span class=\"_ _1\"></span>ounting<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>polic<span class=\"_ _1\"></span>y for<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>deriv<span class=\"_ _1\"></span>ative a<span class=\"_ _1\"></span>ssets and<span class=\"_ _1\"></span> liabilit<span class=\"_ _1\"></span>ies<span class=\"ls1 ws0\"> </span>The G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> en<span class=\"_ _2\"></span>ter<span class=\"_ _2\"></span>s int<span class=\"_ _2\"></span>o for<span class=\"_ _2\"></span>ward<span class=\"_ _2\"></span> ex<span class=\"_ _2\"></span>chang<span class=\"_ _2\"></span>e c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span>s to<span class=\"_ _2\"></span> hedg<span class=\"_ _2\"></span>e f<span class=\"_ _2\"></span>orei<span class=\"_ _2\"></span>gn c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>nc<span class=\"_ _2\"></span>y tr<span class=\"_ _2\"></span>ans<span class=\"_ _2\"></span>actio<span class=\"_ _2\"></span>ns,<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st ra<span class=\"_ _1\"></span>te sw<span class=\"_ _1\"></span>aps to<span class=\"_ _1\"></span> hed<span class=\"_ _1\"></span>ge the<span class=\"_ _1\"></span> ris<span class=\"_ _1\"></span>k of<span class=\"ls1 ws0\"> <span class=\"ls54 ws70\">va<span class=\"_ _1\"></span>riability <span class=\"_ _2\"></span>of interest<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">p<span class=\"_ _2\"></span>aym<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span>, cr<span class=\"_ _2\"></span>oss<span class=\"ls1 ws0\">-</span><span class=\"ws7c\">curr<span class=\"_ _2\"></span>enc<span class=\"_ _2\"></span>y inte<span class=\"_ _2\"></span>rest<span class=\"_ _2\"></span> rat<span class=\"_ _2\"></span>e swap<span class=\"_ _2\"></span>s to </span></span></span></span></span>hedge the risk of variability of inte<span class=\"_ _2\"></span>rest and principal payments on<span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">non</span>-<span class=\"ls4b ws49\">US do<span class=\"_ _2\"></span>lla</span>r-<span class=\"ls49 ws78\">denomi<span class=\"_ _2\"></span>nat<span class=\"_ _2\"></span>ed </span></span>borrowings<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls48 ws32\">b<span class=\"_ _2\"></span>unker fuel<span class=\"_ _2\"></span> hedge <span class=\"_ _2\"></span>contracts<span class=\"_ _2\"></span> to loc<span class=\"_ _2\"></span>k in the p<span class=\"_ _2\"></span>rice f<span class=\"_ _2\"></span>or a p<span class=\"_ _2\"></span>ortion of<span class=\"_ _2\"></span> forecasted<span class=\"_ _2\"></span> bunk<span class=\"_ _2\"></span>er </span></span>fuel<span class=\"ls1 ws0\"> <span class=\"ls48 ws72\">requireme<span class=\"_ _2\"></span>nts<span class=\"ls2f ws2f\">, a<span class=\"_ _2\"></span>nd carbon emi<span class=\"_ _2\"></span>ssions forward co<span class=\"_ _2\"></span>ntracts to f<span class=\"_ _2\"></span>ix the price <span class=\"_ _2\"></span>of future E<span class=\"_ _2\"></span>U carbon </span></span></span>emis<span class=\"_ _2\"></span>sio<span class=\"_ _2\"></span>ns all<span class=\"_ _2\"></span>ow<span class=\"_ _2\"></span>ance <span class=\"_ _2\"></span><span class=\"ls1 ws0\">r<span class=\"ls54 ws70\">egula<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>ory obliga<span class=\"ls49 ws78\">tio<span class=\"_ _2\"></span>ns<span class=\"wsaa\">. N<span class=\"_ _2\"></span>o i<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ument<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>are h<span class=\"_ _2\"></span>el<span class=\"_ _2\"></span>d for<span class=\"_ _2\"></span> spec<span class=\"_ _2\"></span>ul<span class=\"_ _2\"></span>ativ<span class=\"_ _2\"></span>e p<span class=\"_ _2\"></span>urpo<span class=\"_ _2\"></span>ses.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span>For bonds<span class=\"_ _2\"></span> and lo<span class=\"_ _2\"></span>an facili<span class=\"_ _2\"></span>ties whe<span class=\"_ _2\"></span>re it i<span class=\"_ _2\"></span>s determi<span class=\"_ _2\"></span>ned that<span class=\"_ _2\"></span> there i<span class=\"_ _2\"></span>s an<span class=\"_ _2\"></span> interest r<span class=\"_ _2\"></span>ate or f<span class=\"_ _2\"></span>oreig<span class=\"_ _2\"></span>n currenc<span class=\"_ _2\"></span>y risk t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> sh<span class=\"_ _2\"></span>ould<span class=\"_ _2\"></span> be h<span class=\"_ _2\"></span>edge<span class=\"_ _2\"></span>d, t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> der<span class=\"_ _2\"></span>ivati<span class=\"_ _2\"></span>ve f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al i<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ument<span class=\"_ _2\"></span> ac<span class=\"_ _2\"></span>quir<span class=\"_ _2\"></span>ed w<span class=\"_ _2\"></span>ill <span class=\"_ _2\"></span>have<span class=\"_ _2\"></span> cri<span class=\"_ _2\"></span>tic<span class=\"_ _2\"></span>al te<span class=\"_ _2\"></span>rms<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> mirror those of the <span class=\"_ _2\"></span>underlying debt. In<span class=\"_ _2\"></span> these cir<span class=\"ff17a ls49 wsaa\">c<span class=\"_ _2\"></span>umsta<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span>s, it<span class=\"_ _2\"></span> is <span class=\"_ _2\"></span>th<span class=\"_ _2\"></span>e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s obj<span class=\"_ _2\"></span>ecti<span class=\"_ _2\"></span>ve t<span class=\"_ _2\"></span>o ac<span class=\"_ _2\"></span>hie<span class=\"_ _2\"></span>ve</span><span class=\"ls1 ws0\"> </span>100%<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 ws78\">ef<span class=\"_ _2\"></span>fect<span class=\"_ _2\"></span>ive<span class=\"_ _2\"></span>ness<span class=\"_ _2\"></span>.<span class=\"_ _195\"> </span></span></span>Deriv<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ve f<span class=\"_ _2\"></span>inanc<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span>str<span class=\"_ _2\"></span>ument<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e ini<span class=\"_ _2\"></span>tial<span class=\"_ _2\"></span>ly r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d <span class=\"_ _2\"></span>at f<span class=\"_ _2\"></span>air <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>dat<span class=\"_ _2\"></span>e a d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ve c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span> is entered i<span class=\"_ _2\"></span>nto and ar<span class=\"_ _2\"></span>e sub<span class=\"_ _2\"></span>sequentl<span class=\"_ _2\"></span>y remeasur<span class=\"_ _2\"></span>ed to<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">their<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> each<span class=\"_ _2\"></span> bal<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> s<span class=\"_ _2\"></span>heet<span class=\"_ _2\"></span> date<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>e </span></span>resul<span class=\"_ _2\"></span>ting<span class=\"_ _2\"></span> g<span class=\"_ _2\"></span>ain or<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss o<span class=\"_ _2\"></span>n re<span class=\"_ _2\"></span>meas<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> is re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>ni<span class=\"ls48 ws32\">s<span class=\"_ _2\"></span>ed immedi<span class=\"_ _2\"></span>ately i<span class=\"_ _2\"></span>n the i<span class=\"_ _2\"></span>ncome sta<span class=\"_ _2\"></span>tement <span class=\"_ _2\"></span>unless </span>the d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ve i<span class=\"_ _2\"></span>s de<span class=\"_ _2\"></span>sign<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> ef<span class=\"_ _2\"></span>fect<span class=\"_ _2\"></span>ive <span class=\"_ _2\"></span>as <span class=\"_ _2\"></span>a hedg<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> ins<span class=\"_ _2\"></span>tru<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>, i<span class=\"_ _2\"></span>n whic<span class=\"_ _2\"></span>h <span class=\"_ _2\"></span>event<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e timi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>of t<span class=\"_ _2\"></span>he recog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> any re<span class=\"_ _2\"></span>sult<span class=\"_ _2\"></span>ant g<span class=\"_ _2\"></span>ain or<span class=\"_ _2\"></span> loss on t<span class=\"_ _2\"></span>he in<span class=\"_ _2\"></span>come<span class=\"_ _2\"></span> stat<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span> depend<span class=\"_ _2\"></span>s o<span class=\"_ _2\"></span>n the n<span class=\"_ _2\"></span>ature<span class=\"_ _2\"></span> of the it<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m being he<span class=\"ls49 wsaa\">dged. T<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>mp<span class=\"_ _2\"></span>act i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent i<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>show<span class=\"_ _2\"></span>n in<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>erest<span class=\"_ _2\"></span>, f<span class=\"_ _2\"></span>oreig<span class=\"_ _2\"></span>n c<span class=\"_ _2\"></span>urr<span class=\"_ _2\"></span>ency e<span class=\"_ _2\"></span>xch<span class=\"_ _2\"></span>ang<span class=\"_ _2\"></span>e </span>gain (loss) or operating expenses as appropriate, based o<span class=\"_ _2\"></span>n the underlying <span class=\"ls49 ws78\">nat<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span> <span class=\"ls48 ws32\">of the deri<span class=\"_ _2\"></span>vative.<span class=\"_ _195\"> </span></span></span>(i) D<span class=\"_ _2\"></span>ete<span class=\"_ _2\"></span>rmin<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r va<span class=\"_ _2\"></span>lue<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The fair value <span class=\"_ _2\"></span>of interest r<span class=\"_ _2\"></span>ate swa<span class=\"_ _2\"></span>ps, cross<span class=\"ls1 ws0\">-<span class=\"ls49 wsaa\">curre<span class=\"_ _2\"></span>ncy<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st rat<span class=\"_ _2\"></span>e s<span class=\"_ _2\"></span>waps<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span>eign<span class=\"_ _2\"></span> exc<span class=\"_ _2\"></span>hang<span class=\"_ _2\"></span>e </span></span>cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>s is<span class=\"_ _2\"></span> ba<span class=\"_ _2\"></span>sed <span class=\"_ _2\"></span>on di<span class=\"_ _2\"></span>sco<span class=\"_ _2\"></span>unte<span class=\"_ _2\"></span>d ca<span class=\"_ _2\"></span>sh f<span class=\"_ _2\"></span>low m<span class=\"_ _2\"></span>ode<span class=\"_ _2\"></span>ls b<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span>d up<span class=\"_ _2\"></span>on t<span class=\"_ _2\"></span>he v<span class=\"_ _2\"></span>aluat<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>ns re<span class=\"_ _2\"></span>cei<span class=\"_ _2\"></span>ved f<span class=\"_ _2\"></span>rom<span class=\"_ _2\"></span> fina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al i<span class=\"_ _2\"></span>nstit<span class=\"_ _2\"></span>uti<span class=\"_ _2\"></span>ons,<span class=\"_ _2\"></span> tak<span class=\"_ _2\"></span>ing i<span class=\"_ _2\"></span>nto<span class=\"_ _2\"></span> ac<span class=\"_ _2\"></span>count<span class=\"_ _2\"></span> cu<span class=\"_ _2\"></span>rre<span class=\"_ _2\"></span>nt i<span class=\"_ _2\"></span>nter<span class=\"_ _2\"></span>est r<span class=\"_ _2\"></span>ates<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls2f ws2f\">fore<span class=\"_ _2\"></span>ign exchan<span class=\"ls61 wsac\">ge rates<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">and c<span class=\"_ _2\"></span>arb<span class=\"_ _2\"></span>on </span></span></span></span></span>emissions allowance prices<span class=\"ls1 ws0\">.<span class=\"_ _195\"> </span></span>(ii) Cash f<span class=\"_ _2\"></span>low hed<span class=\"_ _2\"></span>ges<span class=\"ls1 ws0\"> </span>The G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> app<span class=\"_ _2\"></span>lie<span class=\"_ _2\"></span>s ca<span class=\"_ _2\"></span>sh f<span class=\"_ _2\"></span>low <span class=\"_ _2\"></span>hed<span class=\"_ _2\"></span>ge a<span class=\"_ _2\"></span>ccou<span class=\"_ _2\"></span>nting<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> its<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st r<span class=\"_ _2\"></span>ate <span class=\"_ _2\"></span>swap<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd cr<span class=\"_ _2\"></span>oss<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls2f ws2f\">currency interest </span></span>rate<span class=\"_ _2\"></span> swap<span class=\"_ _2\"></span>s. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Where<span class=\"_ _2\"></span> a d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ve fi<span class=\"_ _2\"></span>na<span class=\"_ _2\"></span>ncial<span class=\"_ _2\"></span> inst<span class=\"_ _2\"></span>ru<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> is d<span class=\"_ _2\"></span>esi<span class=\"_ _2\"></span>gnate<span class=\"_ _2\"></span>d a<span class=\"_ _2\"></span>s a <span class=\"_ _2\"></span>hedg<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> vari<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>ity<span class=\"_ _2\"></span> in c<span class=\"_ _2\"></span>as<span class=\"_ _2\"></span>h flo<span class=\"_ _2\"></span>ws of<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span> recognised<span class=\"_ _2\"></span> asset<span class=\"_ _2\"></span> or liabili<span class=\"_ _2\"></span>ty, or<span class=\"_ _2\"></span> a hig<span class=\"_ _2\"></span>hly pr<span class=\"_ _2\"></span>obable for<span class=\"_ _2\"></span>ecast t<span class=\"_ _2\"></span>ransacti<span class=\"_ _2\"></span>on, t<span class=\"_ _2\"></span>he effecti<span class=\"_ _2\"></span>ve part<span class=\"_ _2\"></span> of any g<span class=\"_ _2\"></span>ain <span class=\"_ _2\"></span>or loss<span class=\"_ _2\"></span> on t<span class=\"_ _2\"></span>he d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vativ<span class=\"_ _2\"></span>e fi<span class=\"_ _2\"></span>na<span class=\"_ _2\"></span>ncial<span class=\"_ _2\"></span> ins<span class=\"_ _2\"></span>trum<span class=\"_ _2\"></span>ent i<span class=\"_ _2\"></span><span class=\"ls2f ws2f\">s reco<span class=\"_ _2\"></span>gnised directl<span class=\"_ _2\"></span>y in other c<span class=\"_ _2\"></span>omprehensive income<span class=\"_ _2\"></span>. </span>Any<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">ineffecti<span class=\"_ _2\"></span>ve porti<span class=\"_ _2\"></span>on of th<span class=\"_ _2\"></span>e hed<span class=\"_ _2\"></span>ge is rec<span class=\"_ _2\"></span>ognised imm<span class=\"_ _2\"></span>ediatel<span class=\"_ _2\"></span>y in the i<span class=\"_ _2\"></span>ncome <span class=\"_ _2\"></span>statement.<span class=\"_ _2\"></span></span> </span>When<span class=\"_ _2\"></span> the f<span class=\"_ _2\"></span>ore<span class=\"_ _2\"></span>cast<span class=\"_ _2\"></span> tr<span class=\"_ _2\"></span>ans<span class=\"_ _2\"></span>actio<span class=\"_ _2\"></span>n su<span class=\"_ _2\"></span>bseq<span class=\"_ _2\"></span>uent<span class=\"_ _2\"></span>ly <span class=\"_ _2\"></span>resul<span class=\"_ _2\"></span>ts i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> a <span class=\"_ _2\"></span>non<span class=\"ls1 ws0\">-</span><span class=\"ws7c\">fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al as<span class=\"_ _2\"></span>set or<span class=\"_ _2\"></span> non<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _195\"> </span></span></span>fina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al li<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>ity<span class=\"_ _2\"></span>, th<span class=\"_ _2\"></span>e a<span class=\"_ _2\"></span>ssoci<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> cum<span class=\"_ _2\"></span>ulati<span class=\"_ _2\"></span>ve<span class=\"_ _2\"></span> gai<span class=\"_ _2\"></span>n or<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">loss r<span class=\"_ _2\"></span>ecogni<span class=\"_ _2\"></span>sed in ot<span class=\"_ _2\"></span>her compr<span class=\"_ _2\"></span>ehensiv<span class=\"_ _2\"></span>e income i<span class=\"_ _2\"></span>s </span></span>removed and incl<span class=\"_ _2\"></span>uded in the i<span class=\"_ _2\"></span>nitial co<span class=\"_ _2\"></span>st or other <span class=\"ls49 wsaa\">c<span class=\"_ _2\"></span>arry<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls61 wsac\">the a<span class=\"_ _2\"></span>sset or<span class=\"ls1 ws0\"> <span class=\"ls54 ws83\">liability.</span> </span></span></span></span>If a <span class=\"_ _2\"></span>hedg<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> a f<span class=\"_ _2\"></span>orec<span class=\"_ _2\"></span>ast t<span class=\"_ _2\"></span>ra<span class=\"_ _2\"></span>nsact<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> sub<span class=\"_ _2\"></span>sequ<span class=\"_ _2\"></span>entl<span class=\"_ _2\"></span>y r<span class=\"_ _2\"></span>esul<span class=\"_ _2\"></span>ts i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> a fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>ancial<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span>or a f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al li<span class=\"_ _2\"></span>abi<span class=\"_ _2\"></span>lity<span class=\"_ _2\"></span>, t<span class=\"_ _2\"></span>he a<span class=\"_ _2\"></span>ssoc<span class=\"_ _2\"></span>iat<span class=\"_ _2\"></span>ed g<span class=\"_ _2\"></span>ain<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> los<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> we<span class=\"_ _2\"></span>re r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d di<span class=\"_ _2\"></span>rect<span class=\"_ _2\"></span>ly i<span class=\"_ _2\"></span>n e<span class=\"_ _2\"></span>quit<span class=\"_ _2\"></span>y ar<span class=\"_ _2\"></span>e reclassified i<span class=\"_ _2\"></span>nto the income <span class=\"_ _2\"></span>statement in<span class=\"_ _2\"></span> the same pe<span class=\"_ _2\"></span>riod or perio<span class=\"_ _2\"></span>ds during which <span class=\"_ _2\"></span>the asset <span class=\"_ _2\"></span>acquired or liability assumed affects profit or loss, <span class=\"ls61 wsac\">th<span class=\"_ _2\"></span>at is,<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">when fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>ance i<span class=\"_ _2\"></span>nco<span class=\"_ _2\"></span>me or<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>ense<span class=\"_ _2\"></span></span> </span></span>is recognised.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>When a <span class=\"_ _2\"></span>hedging i<span class=\"_ _2\"></span>nstrument<span class=\"_ _2\"></span> expires <span class=\"_ _2\"></span>or is <span class=\"_ _2\"></span>sold, term<span class=\"_ _2\"></span>inated <span class=\"_ _2\"></span>or exerci<span class=\"_ _2\"></span>sed, or<span class=\"_ _2\"></span> the entit<span class=\"_ _2\"></span>y rev<span class=\"_ _2\"></span>okes desig<span class=\"_ _2\"></span>nati<span class=\"_ _2\"></span>on o<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>hedge<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>nshi<span class=\"_ _2\"></span>p b<span class=\"_ _2\"></span>ut th<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">hedged foreca<span class=\"_ _2\"></span>st transactio<span class=\"_ _2\"></span>n is still exp<span class=\"_ _2\"></span>ected to occ<span class=\"_ _2\"></span>ur, </span></span>the <span class=\"_ _2\"></span>cumul<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ve g<span class=\"_ _2\"></span>ain or<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss a<span class=\"_ _2\"></span>t t<span class=\"_ _2\"></span>hat p<span class=\"_ _2\"></span>oi<span class=\"_ _2\"></span>nt re<span class=\"_ _2\"></span>main<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>n equi<span class=\"_ _2\"></span>ty <span class=\"_ _2\"></span>and<span class=\"_ _2\"></span> is r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d i<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">accordance with t<span class=\"_ _2\"></span>he </span></span>above policy w<span class=\"_ _2\"></span>hen the tr<span class=\"_ _2\"></span>ansaction occurs.<span class=\"_ _2\"></span> If the hedg<span class=\"_ _2\"></span>ed transactio<span class=\"_ _2\"></span>n is no lo<span class=\"_ _2\"></span>nger expected t<span class=\"_ _2\"></span>o take place<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">cumul<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ve u<span class=\"_ _2\"></span>nreal<span class=\"_ _2\"></span>ise<span class=\"_ _2\"></span>d gai<span class=\"_ _2\"></span>n or<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss rec<span class=\"_ _2\"></span>og<span class=\"_ _2\"></span>nised<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n othe<span class=\"_ _2\"></span>r c<span class=\"_ _2\"></span>ompr<span class=\"_ _2\"></span>ehe<span class=\"_ _2\"></span>nsive<span class=\"_ _2\"></span> inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> is </span></span>recog<span class=\"_ _2\"></span>nis<span class=\"_ _2\"></span>ed i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>a<span class=\"ls48 ws32\">tement i<span class=\"_ _2\"></span>mmediately<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></span>Any u<span class=\"_ _2\"></span>nre<span class=\"_ _2\"></span>alis<span class=\"_ _2\"></span>ed a<span class=\"_ _2\"></span>nd r<span class=\"_ _2\"></span>eali<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> gai<span class=\"_ _2\"></span>ns or l<span class=\"_ _2\"></span>os<span class=\"_ _2\"></span>ses <span class=\"_ _2\"></span>on f<span class=\"_ _2\"></span>oreig<span class=\"_ _2\"></span>n e<span class=\"_ _2\"></span>x<span class=\"ls2f ws2f\">change f<span class=\"_ _2\"></span>orward contract<span class=\"_ _2\"></span>s are t<span class=\"_ _2\"></span>aken directly </span>to the i<span class=\"_ _2\"></span>ncome st<span class=\"_ _2\"></span>atement.<span class=\"_ _195\"> </span>(iii) Em<span class=\"_ _2\"></span>bed<span class=\"_ _2\"></span>ded <span class=\"ls4c ws79\">derivatives<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>Deriv<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ves e<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>dde<span class=\"_ _2\"></span>d in o<span class=\"_ _2\"></span>the<span class=\"_ _2\"></span>r fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> inst<span class=\"_ _2\"></span>rume<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span> or ot<span class=\"_ _2\"></span>her<span class=\"_ _2\"></span> hos<span class=\"_ _2\"></span>t <span class=\"_ _2\"></span>cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> tre<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>as sep<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ate d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ves <span class=\"_ _2\"></span>when<span class=\"_ _2\"></span> thei<span class=\"_ _2\"></span>r ri<span class=\"_ _2\"></span>sk<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd c<span class=\"_ _2\"></span>haract<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>isti<span class=\"_ _2\"></span>cs ar<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>not c<span class=\"_ _2\"></span>los<span class=\"_ _2\"></span>ely<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>host c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>rac<span class=\"_ _2\"></span>t. Co<span class=\"_ _2\"></span>ntr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> assessed f<span class=\"_ _2\"></span>or emb<span class=\"_ _2\"></span>edded deri<span class=\"_ _2\"></span>vatives <span class=\"_ _2\"></span>at incep<span class=\"_ _2\"></span>tion <span class=\"ls49 wsaa\">of<span class=\"_ _2\"></span> suc<span class=\"_ _2\"></span>h c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>s or <span class=\"_ _2\"></span>whe<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up b<span class=\"_ _2\"></span>ecom<span class=\"_ _2\"></span>es p<span class=\"_ _2\"></span>art<span class=\"_ _2\"></span>y to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span>m. Emb<span class=\"_ _2\"></span>edd<span class=\"_ _2\"></span>ed d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ves<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> ha<span class=\"_ _2\"></span>ve b<span class=\"_ _2\"></span>een <span class=\"_ _2\"></span>sep<span class=\"_ _2\"></span>arat<span class=\"_ _2\"></span>ed fr<span class=\"_ _2\"></span>om <span class=\"_ _2\"></span>host<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntr<span class=\"_ _2\"></span>acts <span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>e mea<span class=\"_ _2\"></span>sur<span class=\"_ _2\"></span>ed at<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> </span>at eac<span class=\"_ _2\"></span>h b<span class=\"_ _2\"></span>alanc<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>sheet<span class=\"_ _2\"></span> dat<span class=\"_ _2\"></span>e. A<span class=\"_ _2\"></span>ny g<span class=\"_ _2\"></span>ain<span class=\"_ _2\"></span>s or l<span class=\"_ _2\"></span>os<span class=\"_ _2\"></span>ses <span class=\"_ _2\"></span>arisi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> from<span class=\"_ _2\"></span> cha<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span>es in f<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span> v<span class=\"_ _2\"></span>alue <span class=\"_ _2\"></span>are <span class=\"ws78\">t<span class=\"_ _2\"></span>ak<span class=\"_ _2\"></span>en <span class=\"ls2f ws2f\">directly to<span class=\"ls1 ws0\"> </span></span></span>the i<span class=\"_ _2\"></span>nco<span class=\"_ _2\"></span>me st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent.<span class=\"_ _195\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-681": {
   "value": "Accoun<span class=\"_ _2\"></span>ting <span class=\"_ _2\"></span>poli<span class=\"_ _2\"></span>cy for f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial in<span class=\"_ _2\"></span>strum<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>IFRS<span class=\"_ _2\"></span> 9 co<span class=\"_ _2\"></span>ntai<span class=\"_ _2\"></span>ns a<span class=\"_ _2\"></span> cl<span class=\"_ _2\"></span>assif<span class=\"_ _2\"></span>icat<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>n a<span class=\"_ _2\"></span>nd me<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt ap<span class=\"_ _2\"></span>pro<span class=\"_ _2\"></span>ach<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span> fina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al as<span class=\"_ _2\"></span>set<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd li<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>itie<span class=\"_ _2\"></span>s,<span class=\"_ _2\"></span> inclu<span class=\"_ _2\"></span>ding<span class=\"_ _2\"></span> der<span class=\"_ _2\"></span>iv<span class=\"_ _2\"></span>ativ<span class=\"_ _2\"></span>e inst<span class=\"_ _2\"></span>rum<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls73 wsb6\">tha<span class=\"_ _1\"></span>t refl<span class=\"_ _1\"></span>ects<span class=\"_ _1\"></span> the b<span class=\"_ _1\"></span>usin<span class=\"_ _1\"></span>ess m<span class=\"_ _1\"></span>ode<span class=\"_ _1\"></span>l in wh<span class=\"_ _1\"></span>ich as<span class=\"_ _1\"></span>sets<span class=\"_ _1\"></span> are ma<span class=\"_ _1\"></span>nag<span class=\"_ _1\"></span>ed <span class=\"ls1 ws0\"> </span></span></span>and their ca<span class=\"_ _2\"></span>sh flow charact<span class=\"_ _2\"></span>eristics. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Under<span class=\"_ _2\"></span> IFR<span class=\"_ _2\"></span>S 9<span class=\"_ _2\"></span>, all<span class=\"_ _2\"></span> fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al i<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>um<span class=\"_ _2\"></span>ents <span class=\"_ _2\"></span>are i<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>all<span class=\"_ _2\"></span>y me<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>ed a<span class=\"_ _2\"></span>t f<span class=\"_ _2\"></span>air <span class=\"_ _2\"></span>val<span class=\"_ _2\"></span>ue. I<span class=\"_ _2\"></span>n ad<span class=\"_ _2\"></span>diti<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>, for<span class=\"_ _2\"></span> fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al assets or liabilities not<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">remea<span class=\"_ _2\"></span>sure<span class=\"_ _2\"></span>d at<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue t<span class=\"_ _2\"></span>hr<span class=\"_ _2\"></span>oug<span class=\"_ _2\"></span>h pro<span class=\"_ _2\"></span>fit <span class=\"_ _2\"></span>or l<span class=\"_ _2\"></span>oss<span class=\"_ _2\"></span>, fi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> inst<span class=\"_ _2\"></span>rum<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> </span></span>adjust<span class=\"_ _2\"></span>ed<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span> tra<span class=\"_ _2\"></span>nsac<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n co<span class=\"_ _2\"></span>sts.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span> cl<span class=\"_ _2\"></span>assif<span class=\"_ _2\"></span>ic<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> </span>of a f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al as<span class=\"_ _2\"></span>set i<span class=\"_ _2\"></span>s d<span class=\"_ _2\"></span>eterm<span class=\"_ _2\"></span>ined<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws78\">initial<span class=\"_ _2\"></span> </span>recog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on;<span class=\"_ _2\"></span> ho<span class=\"_ _2\"></span>wever<span class=\"_ _2\"></span>, if<span class=\"_ _2\"></span> cer<span class=\"_ _2\"></span>tai<span class=\"_ _2\"></span>n co<span class=\"_ _2\"></span>nditi<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>s are <span class=\"_ _2\"></span>met<span class=\"_ _2\"></span>, an<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>et m<span class=\"_ _2\"></span>ay s<span class=\"_ _2\"></span>ubse<span class=\"_ _2\"></span>quent<span class=\"_ _2\"></span>ly <span class=\"_ _2\"></span>need<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span>be recla<span class=\"_ _2\"></span>ssified.<span class=\"_ _195\"> </span>IFRS 9 contains three principal classification c<span class=\"_ _2\"></span>ategories for financial assets, based on the<span class=\"_ _2\"></span> business models under whi<span class=\"_ _2\"></span>ch they are hel<span class=\"_ _2\"></span>d:<span class=\"ls1 ws0\"> </span>Amorti<span class=\"_ _2\"></span>sed <span class=\"_ _2\"></span>cost:<span class=\"_ _2\"></span> The <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> cla<span class=\"_ _2\"></span>ssif<span class=\"_ _2\"></span>ies it<span class=\"_ _2\"></span>s fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al as<span class=\"_ _2\"></span>sets <span class=\"_ _2\"></span>at amo<span class=\"_ _2\"></span>rtis<span class=\"_ _2\"></span>ed co<span class=\"_ _2\"></span>st o<span class=\"_ _2\"></span>nly if b<span class=\"_ _2\"></span>ot<span class=\"_ _2\"></span>h of th<span class=\"_ _2\"></span>e fol<span class=\"_ _2\"></span>lowi<span class=\"_ _2\"></span>ng criteria are met: <span class=\"ls53 ws80\">(i) <span class=\"ls30 ws73\">the asset<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> held wit<span class=\"_ _2\"></span>hin a busi<span class=\"_ _2\"></span>ness<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">model<span class=\"_ _2\"></span> with the <span class=\"_ _2\"></span>objecti<span class=\"_ _2\"></span>ve of coll<span class=\"_ _2\"></span>ecting<span class=\"_ _2\"></span> the </span></span></span></span>cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>ual c<span class=\"_ _2\"></span>as<span class=\"_ _2\"></span>h fl<span class=\"_ _2\"></span>ows<span class=\"ls1 ws0\">; </span><span class=\"ws78\">and<span class=\"ls1 ws0\"> <span class=\"ls54 ws83\">(ii)</span> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">the<span class=\"_ _2\"></span> cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>ual<span class=\"_ _2\"></span> term<span class=\"_ _2\"></span>s gi<span class=\"_ _2\"></span>ve<span class=\"_ _2\"></span> rise<span class=\"_ _2\"></span> on<span class=\"_ _2\"></span> spec<span class=\"_ _2\"></span>ifi<span class=\"_ _2\"></span>ed d<span class=\"_ _2\"></span>ates t<span class=\"_ _2\"></span>o c<span class=\"_ _2\"></span>ash f<span class=\"_ _2\"></span>low<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>hat </span></span></span>are<span class=\"ls1 ws0\"> </span><span class=\"wsaa\">sole<span class=\"_ _2\"></span>ly p<span class=\"_ _2\"></span>ayme<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span> of pr<span class=\"_ _2\"></span>inc<span class=\"_ _2\"></span>ip<span class=\"_ _2\"></span>al a<span class=\"_ _2\"></span>nd i<span class=\"_ _2\"></span>nter<span class=\"_ _2\"></span>est o<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he pr<span class=\"_ _2\"></span>inci<span class=\"_ _2\"></span>pal<span class=\"_ _2\"></span> out<span class=\"_ _2\"></span>sta<span class=\"_ _2\"></span>ndin<span class=\"_ _2\"></span>g. I<span class=\"_ _2\"></span>nco<span class=\"_ _2\"></span>me fr<span class=\"_ _2\"></span>om t<span class=\"_ _2\"></span>hese<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al </span>asset<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>s inc<span class=\"_ _2\"></span>lud<span class=\"_ _2\"></span>ed i<span class=\"_ _2\"></span>n fi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>e i<span class=\"_ _2\"></span>ncome<span class=\"_ _2\"></span> usi<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>he<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">effecti<span class=\"_ _2\"></span>ve interest<span class=\"_ _2\"></span> rat<span class=\"_ _2\"></span>e method.<span class=\"_ _2\"></span> Th<span class=\"ff175\">e Gro<span class=\"_ _2\"></span>up\u2019s a<span class=\"_ _2\"></span>sset</span><span class=\"ls47 ws71\">s </span></span></span>measured at amortised cost include trade and other receivables, cash and cash equivalent<span class=\"_ _2\"></span>s and adva<span class=\"_ _2\"></span>nces<span class=\"_ _2\"></span> fr<span class=\"_ _2\"></span>om joi<span class=\"_ _2\"></span>nt <span class=\"_ _2\"></span>vent<span class=\"_ _2\"></span>ures<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>ocia<span class=\"_ _2\"></span>tes.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Fair<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue t<span class=\"_ _2\"></span>hrou<span class=\"_ _2\"></span>gh ot<span class=\"_ _2\"></span>her<span class=\"_ _2\"></span> comp<span class=\"_ _2\"></span>reh<span class=\"_ _2\"></span>ensi<span class=\"_ _2\"></span>ve i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e (F<span class=\"_ _2\"></span>VTOC<span class=\"_ _2\"></span>I):<span class=\"_ _2\"></span> Asse<span class=\"_ _2\"></span>ts t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> held<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>r col<span class=\"_ _2\"></span>le<span class=\"_ _2\"></span>ctio<span class=\"_ _2\"></span>n of<span class=\"_ _2\"></span> contractual ca<span class=\"_ _2\"></span>sh flows a<span class=\"_ _2\"></span>nd for future s<span class=\"_ _2\"></span>ales, where t<span class=\"_ _2\"></span>he <span class=\"ff175 ls63 ws73\">ass<span class=\"_ _2\"></span>ets<span class=\"_ _2\"></span>\u2019 cas<span class=\"_ _2\"></span>h flo<span class=\"_ _2\"></span>ws rep<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>sent<span class=\"_ _2\"></span> sol<span class=\"_ _2\"></span>ely p<span class=\"_ _2\"></span>ayme<span class=\"_ _2\"></span>nts o<span class=\"_ _2\"></span>f </span>prin<span class=\"_ _1\"></span>cipa<span class=\"_ _1\"></span>l and in<span class=\"_ _1\"></span>terest<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>and d<span class=\"_ _1\"></span>ividen<span class=\"_ _1\"></span>ds, are<span class=\"_ _1\"></span> measu<span class=\"_ _1\"></span>red at fa<span class=\"_ _1\"></span>ir value<span class=\"_ _1\"></span> throug<span class=\"_ _1\"></span>h other c<span class=\"_ _1\"></span>ompreh<span class=\"_ _1\"></span>ensiv<span class=\"_ _1\"></span>e inco<span class=\"_ _1\"></span>me.<span class=\"ls1 ws0\">  </span>Fair <span class=\"_ _2\"></span>value t<span class=\"_ _2\"></span>hroug<span class=\"_ _2\"></span>h profi<span class=\"_ _2\"></span>t or l<span class=\"_ _2\"></span>oss (<span class=\"_ _2\"></span>FVTPL):<span class=\"_ _2\"></span> As<span class=\"_ _2\"></span>sets t<span class=\"_ _2\"></span>hat d<span class=\"_ _2\"></span>o not <span class=\"_ _2\"></span>meet <span class=\"_ _2\"></span>the c<span class=\"_ _2\"></span>riteri<span class=\"_ _2\"></span>a for <span class=\"_ _2\"></span>amort<span class=\"_ _2\"></span>ised c<span class=\"_ _2\"></span>ost <span class=\"_ _2\"></span><span class=\"ls1\"> </span>or FVTOCI are m<span class=\"_ _2\"></span>easured at <span class=\"ls4b ws77\">F<span class=\"_ _2\"></span>VTP<span class=\"_ _2\"></span>L.<span class=\"_ _195\"> </span></span><span class=\"ls4b ws77\"><span class=\"ls1 ws0\"> </span></span><span class=\"ls4b ws77\"><span class=\"ls1 ws0\"> </span></span>(i) Impa<span class=\"_ _2\"></span>irme<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>As requir<span class=\"_ _2\"></span>ed by I<span class=\"_ _2\"></span>FRS 9, t<span class=\"_ _2\"></span>he Group <span class=\"_ _2\"></span>adopted <span class=\"_ _2\"></span>an <span class=\"ff175 ls1 ws0\">\u2018</span><span class=\"ls2f ws2f\">expected credit l<span class=\"_ _2\"></span>oss model<span class=\"ff175 ls49 ws78\">\u2019,<span class=\"_ _2\"></span></span><span class=\"ls1 ws0\"> </span></span>which requir<span class=\"_ _2\"></span>es the <span class=\"_ _2\"></span>Group to account for exp<span class=\"_ _2\"></span>ected credit lo<span class=\"_ _2\"></span>sses and c<span class=\"_ _2\"></span>hanges in<span class=\"ls1 ws0\"> <span class=\"ls4b ws77\">those<span class=\"_ _2\"></span></span> </span>expected credit los<span class=\"_ _2\"></span>ses at each yea<span class=\"_ _2\"></span>r end or half<span class=\"ls1 ws0\"> </span><span class=\"wsaa\">ye<span class=\"_ _2\"></span>ar to<span class=\"_ _2\"></span> ref<span class=\"_ _2\"></span>lect<span class=\"_ _2\"></span> ch<span class=\"_ _2\"></span>anges<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> cre<span class=\"_ _2\"></span>dit r<span class=\"_ _2\"></span>isk <span class=\"_ _2\"></span>sinc<span class=\"_ _2\"></span>e i<span class=\"_ _2\"></span>nitial<span class=\"_ _2\"></span> re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on. I<span class=\"_ _2\"></span>n o<span class=\"_ _2\"></span>ther<span class=\"_ _2\"></span> word<span class=\"_ _2\"></span>s,<span class=\"_ _2\"></span> it i<span class=\"_ _2\"></span>s no<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>nger<span class=\"_ _2\"></span> </span>necessary for a<span class=\"_ _2\"></span> credit event t<span class=\"_ _2\"></span>o have <span class=\"_ _2\"></span>occurred before c<span class=\"_ _2\"></span>redit lo<span class=\"_ _2\"></span>sses are recogni<span class=\"_ _2\"></span>sed. Credit lo<span class=\"_ _2\"></span>sses are calc<span class=\"_ _2\"></span>ulat<span class=\"_ _2\"></span>ed as<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls61 ws89\">the<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">pres<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue o<span class=\"_ _2\"></span>f the<span class=\"_ _2\"></span> dif<span class=\"_ _2\"></span>fere<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> bet<span class=\"_ _2\"></span>wee<span class=\"_ _2\"></span>n all<span class=\"_ _2\"></span></span> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>rac<span class=\"_ _2\"></span>tual c<span class=\"_ _2\"></span>as<span class=\"_ _2\"></span>h fl<span class=\"_ _2\"></span>ows t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> are <span class=\"_ _2\"></span>due<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> </span></span></span></span>all c<span class=\"ls48 ws32\">ash fl<span class=\"_ _2\"></span>ows that t<span class=\"_ _2\"></span>he entit<span class=\"_ _2\"></span>y expe<span class=\"_ _2\"></span>cts to r<span class=\"_ _2\"></span>eceive. E<span class=\"_ _2\"></span>xpected<span class=\"_ _2\"></span> credit l<span class=\"_ _2\"></span>osses a<span class=\"_ _2\"></span>re the<span class=\"_ _2\"></span> sum of <span class=\"_ _2\"></span>all pos<span class=\"_ _2\"></span>sible </span>credit losses, weighted by their probability of occurrence.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The <span class=\"ff175 ls1 ws0\">\u2018<span class=\"_ _1\"></span><span class=\"ff174 ls54 ws83\">12<span class=\"ls1 ws0\">-<span class=\"ls2f ws2f\">month expected<span class=\"_ _2\"></span> credit losses<span class=\"_ _2\"></span></span><span class=\"ff175\">\u2019</span> <span class=\"_ _1\"></span><span class=\"ls54 ws70\">approach is applied to all f<span class=\"_ _2\"></span>inancial assets with the exception of </span></span></span></span>trade receivable<span class=\"_ _2\"></span>s and advance<span class=\"_ _2\"></span>s to<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">joint<span class=\"_ _2\"></span> vent<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>s. Bo<span class=\"_ _2\"></span>th</span> <span class=\"ls49 wsaa\">the<span class=\"_ _2\"></span>se a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span> cl<span class=\"_ _2\"></span>ass<span class=\"_ _2\"></span>es ge<span class=\"_ _2\"></span>ner<span class=\"_ _2\"></span>ally d<span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>not c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ain <span class=\"_ _2\"></span>a </span></span>significant financing component. For these assets, the Gro<span class=\"_ _2\"></span>up applies the simplified approach permitted by<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls54 ws70\">IFRS 9<span class=\"_ _2\"></span>, which requires expected lifetime losses to<span class=\"_ _2\"></span> be recognised from initial reco<span class=\"ls49 ws78\">g<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on </span></span></span>of th<span class=\"_ _2\"></span>e re<span class=\"_ _2\"></span>cei<span class=\"_ _2\"></span>vabl<span class=\"_ _2\"></span>es, <span class=\"_ _2\"></span>net <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>any <span class=\"_ _2\"></span>allo<span class=\"_ _2\"></span>wance<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>sses.<span class=\"_ _2\"></span> Th<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> </span>allo<span class=\"_ _2\"></span>wance<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss me<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt i<span class=\"_ _2\"></span>s de<span class=\"_ _2\"></span>termi<span class=\"_ _2\"></span>ned<span class=\"_ _2\"></span> by apply<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> a si<span class=\"ls54 ws70\">mplified approach equalling the<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">lifetime expe<span class=\"_ _2\"></span>cted credit los<span class=\"_ _2\"></span>ses. </span> </span></span>Under the simplified approach, the tracking of c<span class=\"_ _2\"></span>hanges in credit risk is not required, but i<span class=\"_ _2\"></span>nstead <span class=\"ls1 ws0\"> </span>the base li<span class=\"_ _2\"></span>fetime <span class=\"_ _2\"></span>expecte<span class=\"_ _2\"></span>d credit l<span class=\"_ _2\"></span>oss <span class=\"_ _2\"></span>at<span class=\"ls1 ws0\"> <span class=\"ls49 ws78\">all</span> <span class=\"ls54 ws70\">times is applied. An allowance for loss is made for </span></span>potentially impaired receivables during the year in which <span class=\"_ _2\"></span>they are identified based on <span class=\"_ _2\"></span>a periodic review of all<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>outst<span class=\"_ _2\"></span>andi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nts.<span class=\"_ _2\"></span> Lo<span class=\"_ _2\"></span>sses <span class=\"_ _2\"></span>are r<span class=\"_ _2\"></span>eco<span class=\"_ _2\"></span>rded<span class=\"_ _2\"></span> wit<span class=\"_ _2\"></span>hin <span class=\"_ _2\"></span>sell<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span>, m<span class=\"_ _2\"></span>arke<span class=\"_ _2\"></span>tin<span class=\"_ _2\"></span>g and<span class=\"_ _2\"></span> dis<span class=\"_ _2\"></span>trib<span class=\"_ _2\"></span>uti<span class=\"_ _2\"></span>on ex<span class=\"_ _2\"></span>pen<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws78\">in </span>the i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent.<span class=\"_ _2\"></span> Tr<span class=\"_ _2\"></span>ade<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>eivab<span class=\"_ _2\"></span>les<span class=\"_ _2\"></span> are d<span class=\"_ _2\"></span>eem<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>as i<span class=\"_ _2\"></span>mpai<span class=\"_ _2\"></span>red <span class=\"_ _2\"></span>when<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span>re i<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>n indi<span class=\"_ _2\"></span>cat<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>of significant <span class=\"_ _1\"></span><span class=\"ws70\">financial diffic<span class=\"_ _2\"></span>ulties of the debtor (delinquency in or default on payments oc<span class=\"_ _2\"></span>curs, </span>probability of ban<span class=\"_ _1\"></span>k<span class=\"_ _2\"></span>ruptcy or ne<span class=\"_ _1\"></span>e<span class=\"_ _2\"></span>d for financia<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span> reorganisation).<span class=\"ls1 ws0\"> </span>(ii<span class=\"_ _2\"></span>) <span class=\"ls50 wsd7\">F<span class=\"_ _1\"></span>air va<span class=\"_ _1\"></span>lue e<span class=\"_ _1\"></span>stima<span class=\"_ _1\"></span>tion<span class=\"ls1 ws0\"> </span></span>The i<span class=\"_ _2\"></span>nfo<span class=\"_ _2\"></span>rmati<span class=\"_ _2\"></span>on b<span class=\"_ _2\"></span>el<span class=\"_ _2\"></span>ow s<span class=\"_ _2\"></span>ummar<span class=\"_ _2\"></span>is<span class=\"_ _2\"></span>es fi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> inst<span class=\"_ _2\"></span>rum<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s car<span class=\"_ _2\"></span>rie<span class=\"_ _2\"></span>d a<span class=\"_ _2\"></span>t fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue,<span class=\"_ _2\"></span> by <span class=\"_ _2\"></span>valu<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on me<span class=\"_ _2\"></span>thod<span class=\"_ _2\"></span>. The differe<span class=\"_ _2\"></span>nt levels have been def<span class=\"_ _2\"></span>ined as foll<span class=\"_ _2\"></span>ows: <span class=\"ls1 ws0\"> </span>New business quoted prices (unadjusted) in <span class=\"_ _2\"></span>active markets for identical assets or liabilities <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>(Level 1).<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Inputs other than quoted prices i<span class=\"_ _2\"></span>ncluded within Level 1 that are <span class=\"_ _2\"></span>observable for the asset or liability, either directly (that is, as prices) <span class=\"_ _2\"></span>or<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">indirectly (that is<span class=\"_ _2\"></span>, derived from p<span class=\"_ _2\"></span>rices) (Level 2<span class=\"_ _2\"></span>). </span> </span>Inputs for the asset or liability th<span class=\"_ _2\"></span>at are not based on <span class=\"_ _2\"></span>observable market data (that is, unobservable input<span class=\"_ _2\"></span>s) (<span class=\"_ _2\"></span>Le<span class=\"_ _2\"></span>vel 3<span class=\"_ _2\"></span>).<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span>\u2019s i<span class=\"_ _2\"></span>nve<span class=\"_ _2\"></span>stme<span class=\"_ _2\"></span>nts i<span class=\"_ _2\"></span>n <span class=\"_ _2\"></span>Golar<span class=\"_ _2\"></span><span class=\"ff179 ls4b ws49\">, <span class=\"_ _2\"></span>Kingfi<span class=\"_ _2\"></span>sh, O<span class=\"_ _2\"></span>dfj<span class=\"_ _2\"></span>ell S<span class=\"_ _2\"></span>E<span class=\"ls1 ws0\"> <span class=\"ls2f ws92\">and GBL are measured using quoted prices in </span></span></span>an ac<span class=\"_ _2\"></span>tiv<span class=\"_ _2\"></span>e mar<span class=\"_ _2\"></span>ket<span class=\"_ _2\"></span> (Le<span class=\"_ _2\"></span>vel<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ff17a\">1). The<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span>\u2019s<span class=\"_ _2\"></span> deri<span class=\"_ _2\"></span>vat<span class=\"_ _2\"></span>ive <span class=\"_ _2\"></span>asset<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>and l<span class=\"_ _2\"></span>iab<span class=\"_ _2\"></span>ilit<span class=\"_ _2\"></span>ies<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> meas<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>d usi<span class=\"_ _2\"></span>ng i<span class=\"_ _2\"></span>np<span class=\"_ _2\"></span>uts </span>othe<span class=\"_ _2\"></span>r tha<span class=\"_ _2\"></span>n q<span class=\"_ _2\"></span>uoted<span class=\"_ _2\"></span> pr<span class=\"_ _2\"></span>ice<span class=\"_ _2\"></span>s (Le<span class=\"_ _2\"></span>vel<span class=\"_ _2\"></span> 2).<span class=\"_ _2\"></span> The G<span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span>up\u2019s m<span class=\"_ _2\"></span>at<span class=\"_ _2\"></span>ure b<span class=\"_ _2\"></span>iol<span class=\"_ _2\"></span>ogic<span class=\"_ _2\"></span>al a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> me<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>using<span class=\"_ _2\"></span> inp<span class=\"_ _2\"></span>uts<span class=\"_ _2\"></span> other t<span class=\"_ _2\"></span>han quoted<span class=\"_ _2\"></span> prices (<span class=\"_ _2\"></span>Level 2<span class=\"_ _2\"></span>). There <span class=\"_ _2\"></span>have be<span class=\"_ _2\"></span>en no c<span class=\"_ _2\"></span>hanges i<span class=\"_ _2\"></span>n the f<span class=\"_ _2\"></span>air v<span class=\"_ _2\"></span>alue <span class=\"ls53 ws0\">me<span class=\"_ _2\"></span>thodol<span class=\"_ _2\"></span>ogy i<span class=\"_ _2\"></span>n the </span>periods<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">prese<span class=\"_ _2\"></span>nted.<span class=\"_ _195\"> </span></span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws4e\"><span class=\"ls1 ws0\"> </span></span></span>(iii) <span class=\"ls4a ws81\">Hedge accou<span class=\"_ _2\"></span>nting<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>In acc<span class=\"_ _2\"></span>ord<span class=\"_ _2\"></span>ance wi<span class=\"_ _2\"></span>th IFR<span class=\"_ _2\"></span>S 9\u2019<span class=\"_ _2\"></span>s tra<span class=\"_ _2\"></span>nsit<span class=\"_ _2\"></span>ion pro<span class=\"_ _2\"></span>visi<span class=\"_ _2\"></span>ons f<span class=\"_ _2\"></span>or hedg<span class=\"_ _2\"></span>e ac<span class=\"_ _2\"></span>cou<span class=\"_ _2\"></span>nti<span class=\"_ _2\"></span>ng, the<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span> has n<span class=\"_ _2\"></span>ot app<span class=\"_ _2\"></span>lied<span class=\"_ _2\"></span> the IFRS<span class=\"_ _2\"></span> 9 hedge<span class=\"_ _2\"></span> acco<span class=\"_ _2\"></span>unting<span class=\"_ _2\"></span> req<span class=\"_ _2\"></span>uir<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span>s an<span class=\"_ _2\"></span>d will<span class=\"_ _2\"></span> conti<span class=\"_ _2\"></span>nue t<span class=\"_ _2\"></span>o appl<span class=\"_ _2\"></span>y the<span class=\"_ _2\"></span> hedg<span class=\"_ _2\"></span>e acc<span class=\"_ _2\"></span>ounti<span class=\"_ _2\"></span>ng re<span class=\"_ _2\"></span>quir<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nts of IAS 39. <span class=\"ls1 ws0\"> </span>Acc<span class=\"_ _1\"></span>ounting<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>polic<span class=\"_ _1\"></span>y for<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>deriv<span class=\"_ _1\"></span>ative a<span class=\"_ _1\"></span>ssets and<span class=\"_ _1\"></span> liabilit<span class=\"_ _1\"></span>ies<span class=\"ls1 ws0\"> </span>The G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> en<span class=\"_ _2\"></span>ter<span class=\"_ _2\"></span>s int<span class=\"_ _2\"></span>o for<span class=\"_ _2\"></span>ward<span class=\"_ _2\"></span> ex<span class=\"_ _2\"></span>chang<span class=\"_ _2\"></span>e c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span>s to<span class=\"_ _2\"></span> hedg<span class=\"_ _2\"></span>e f<span class=\"_ _2\"></span>orei<span class=\"_ _2\"></span>gn c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>nc<span class=\"_ _2\"></span>y tr<span class=\"_ _2\"></span>ans<span class=\"_ _2\"></span>actio<span class=\"_ _2\"></span>ns,<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st ra<span class=\"_ _1\"></span>te sw<span class=\"_ _1\"></span>aps to<span class=\"_ _1\"></span> hed<span class=\"_ _1\"></span>ge the<span class=\"_ _1\"></span> ris<span class=\"_ _1\"></span>k of<span class=\"ls1 ws0\"> <span class=\"ls54 ws70\">va<span class=\"_ _1\"></span>riability <span class=\"_ _2\"></span>of interest<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">p<span class=\"_ _2\"></span>aym<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span>, cr<span class=\"_ _2\"></span>oss<span class=\"ls1 ws0\">-</span><span class=\"ws7c\">curr<span class=\"_ _2\"></span>enc<span class=\"_ _2\"></span>y inte<span class=\"_ _2\"></span>rest<span class=\"_ _2\"></span> rat<span class=\"_ _2\"></span>e swap<span class=\"_ _2\"></span>s to </span></span></span></span></span>hedge the risk of variability of inte<span class=\"_ _2\"></span>rest and principal payments on<span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">non</span>-<span class=\"ls4b ws49\">US do<span class=\"_ _2\"></span>lla</span>r-<span class=\"ls49 ws78\">denomi<span class=\"_ _2\"></span>nat<span class=\"_ _2\"></span>ed </span></span>borrowings<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls48 ws32\">b<span class=\"_ _2\"></span>unker fuel<span class=\"_ _2\"></span> hedge <span class=\"_ _2\"></span>contracts<span class=\"_ _2\"></span> to loc<span class=\"_ _2\"></span>k in the p<span class=\"_ _2\"></span>rice f<span class=\"_ _2\"></span>or a p<span class=\"_ _2\"></span>ortion of<span class=\"_ _2\"></span> forecasted<span class=\"_ _2\"></span> bunk<span class=\"_ _2\"></span>er </span></span>fuel<span class=\"ls1 ws0\"> <span class=\"ls48 ws72\">requireme<span class=\"_ _2\"></span>nts<span class=\"ls2f ws2f\">, a<span class=\"_ _2\"></span>nd carbon emi<span class=\"_ _2\"></span>ssions forward co<span class=\"_ _2\"></span>ntracts to f<span class=\"_ _2\"></span>ix the price <span class=\"_ _2\"></span>of future E<span class=\"_ _2\"></span>U carbon </span></span></span>emis<span class=\"_ _2\"></span>sio<span class=\"_ _2\"></span>ns all<span class=\"_ _2\"></span>ow<span class=\"_ _2\"></span>ance <span class=\"_ _2\"></span><span class=\"ls1 ws0\">r<span class=\"ls54 ws70\">egula<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>ory obliga<span class=\"ls49 ws78\">tio<span class=\"_ _2\"></span>ns<span class=\"wsaa\">. N<span class=\"_ _2\"></span>o i<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ument<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>are h<span class=\"_ _2\"></span>el<span class=\"_ _2\"></span>d for<span class=\"_ _2\"></span> spec<span class=\"_ _2\"></span>ul<span class=\"_ _2\"></span>ativ<span class=\"_ _2\"></span>e p<span class=\"_ _2\"></span>urpo<span class=\"_ _2\"></span>ses.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span>For bonds<span class=\"_ _2\"></span> and lo<span class=\"_ _2\"></span>an facili<span class=\"_ _2\"></span>ties whe<span class=\"_ _2\"></span>re it i<span class=\"_ _2\"></span>s determi<span class=\"_ _2\"></span>ned that<span class=\"_ _2\"></span> there i<span class=\"_ _2\"></span>s an<span class=\"_ _2\"></span> interest r<span class=\"_ _2\"></span>ate or f<span class=\"_ _2\"></span>oreig<span class=\"_ _2\"></span>n currenc<span class=\"_ _2\"></span>y risk t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> sh<span class=\"_ _2\"></span>ould<span class=\"_ _2\"></span> be h<span class=\"_ _2\"></span>edge<span class=\"_ _2\"></span>d, t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> der<span class=\"_ _2\"></span>ivati<span class=\"_ _2\"></span>ve f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al i<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ument<span class=\"_ _2\"></span> ac<span class=\"_ _2\"></span>quir<span class=\"_ _2\"></span>ed w<span class=\"_ _2\"></span>ill <span class=\"_ _2\"></span>have<span class=\"_ _2\"></span> cri<span class=\"_ _2\"></span>tic<span class=\"_ _2\"></span>al te<span class=\"_ _2\"></span>rms<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> mirror those of the <span class=\"_ _2\"></span>underlying debt. In<span class=\"_ _2\"></span> these cir<span class=\"ff17a ls49 wsaa\">c<span class=\"_ _2\"></span>umsta<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span>s, it<span class=\"_ _2\"></span> is <span class=\"_ _2\"></span>th<span class=\"_ _2\"></span>e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s obj<span class=\"_ _2\"></span>ecti<span class=\"_ _2\"></span>ve t<span class=\"_ _2\"></span>o ac<span class=\"_ _2\"></span>hie<span class=\"_ _2\"></span>ve</span><span class=\"ls1 ws0\"> </span>100%<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 ws78\">ef<span class=\"_ _2\"></span>fect<span class=\"_ _2\"></span>ive<span class=\"_ _2\"></span>ness<span class=\"_ _2\"></span>.<span class=\"_ _195\"> </span></span></span>Deriv<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ve f<span class=\"_ _2\"></span>inanc<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span>str<span class=\"_ _2\"></span>ument<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e ini<span class=\"_ _2\"></span>tial<span class=\"_ _2\"></span>ly r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d <span class=\"_ _2\"></span>at f<span class=\"_ _2\"></span>air <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>dat<span class=\"_ _2\"></span>e a d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ve c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span> is entered i<span class=\"_ _2\"></span>nto and ar<span class=\"_ _2\"></span>e sub<span class=\"_ _2\"></span>sequentl<span class=\"_ _2\"></span>y remeasur<span class=\"_ _2\"></span>ed to<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">their<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> each<span class=\"_ _2\"></span> bal<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> s<span class=\"_ _2\"></span>heet<span class=\"_ _2\"></span> date<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>e </span></span>resul<span class=\"_ _2\"></span>ting<span class=\"_ _2\"></span> g<span class=\"_ _2\"></span>ain or<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss o<span class=\"_ _2\"></span>n re<span class=\"_ _2\"></span>meas<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> is re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>ni<span class=\"ls48 ws32\">s<span class=\"_ _2\"></span>ed immedi<span class=\"_ _2\"></span>ately i<span class=\"_ _2\"></span>n the i<span class=\"_ _2\"></span>ncome sta<span class=\"_ _2\"></span>tement <span class=\"_ _2\"></span>unless </span>the d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ve i<span class=\"_ _2\"></span>s de<span class=\"_ _2\"></span>sign<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> ef<span class=\"_ _2\"></span>fect<span class=\"_ _2\"></span>ive <span class=\"_ _2\"></span>as <span class=\"_ _2\"></span>a hedg<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> ins<span class=\"_ _2\"></span>tru<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>, i<span class=\"_ _2\"></span>n whic<span class=\"_ _2\"></span>h <span class=\"_ _2\"></span>event<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e timi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>of t<span class=\"_ _2\"></span>he recog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> any re<span class=\"_ _2\"></span>sult<span class=\"_ _2\"></span>ant g<span class=\"_ _2\"></span>ain or<span class=\"_ _2\"></span> loss on t<span class=\"_ _2\"></span>he in<span class=\"_ _2\"></span>come<span class=\"_ _2\"></span> stat<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span> depend<span class=\"_ _2\"></span>s o<span class=\"_ _2\"></span>n the n<span class=\"_ _2\"></span>ature<span class=\"_ _2\"></span> of the it<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m being he<span class=\"ls49 wsaa\">dged. T<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>mp<span class=\"_ _2\"></span>act i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent i<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>show<span class=\"_ _2\"></span>n in<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>erest<span class=\"_ _2\"></span>, f<span class=\"_ _2\"></span>oreig<span class=\"_ _2\"></span>n c<span class=\"_ _2\"></span>urr<span class=\"_ _2\"></span>ency e<span class=\"_ _2\"></span>xch<span class=\"_ _2\"></span>ang<span class=\"_ _2\"></span>e </span>gain (loss) or operating expenses as appropriate, based o<span class=\"_ _2\"></span>n the underlying <span class=\"ls49 ws78\">nat<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span> <span class=\"ls48 ws32\">of the deri<span class=\"_ _2\"></span>vative.<span class=\"_ _195\"> </span></span></span>(i) D<span class=\"_ _2\"></span>ete<span class=\"_ _2\"></span>rmin<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r va<span class=\"_ _2\"></span>lue<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The fair value <span class=\"_ _2\"></span>of interest r<span class=\"_ _2\"></span>ate swa<span class=\"_ _2\"></span>ps, cross<span class=\"ls1 ws0\">-<span class=\"ls49 wsaa\">curre<span class=\"_ _2\"></span>ncy<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st rat<span class=\"_ _2\"></span>e s<span class=\"_ _2\"></span>waps<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span>eign<span class=\"_ _2\"></span> exc<span class=\"_ _2\"></span>hang<span class=\"_ _2\"></span>e </span></span>cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>s is<span class=\"_ _2\"></span> ba<span class=\"_ _2\"></span>sed <span class=\"_ _2\"></span>on di<span class=\"_ _2\"></span>sco<span class=\"_ _2\"></span>unte<span class=\"_ _2\"></span>d ca<span class=\"_ _2\"></span>sh f<span class=\"_ _2\"></span>low m<span class=\"_ _2\"></span>ode<span class=\"_ _2\"></span>ls b<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span>d up<span class=\"_ _2\"></span>on t<span class=\"_ _2\"></span>he v<span class=\"_ _2\"></span>aluat<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>ns re<span class=\"_ _2\"></span>cei<span class=\"_ _2\"></span>ved f<span class=\"_ _2\"></span>rom<span class=\"_ _2\"></span> fina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al i<span class=\"_ _2\"></span>nstit<span class=\"_ _2\"></span>uti<span class=\"_ _2\"></span>ons,<span class=\"_ _2\"></span> tak<span class=\"_ _2\"></span>ing i<span class=\"_ _2\"></span>nto<span class=\"_ _2\"></span> ac<span class=\"_ _2\"></span>count<span class=\"_ _2\"></span> cu<span class=\"_ _2\"></span>rre<span class=\"_ _2\"></span>nt i<span class=\"_ _2\"></span>nter<span class=\"_ _2\"></span>est r<span class=\"_ _2\"></span>ates<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls2f ws2f\">fore<span class=\"_ _2\"></span>ign exchan<span class=\"ls61 wsac\">ge rates<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">and c<span class=\"_ _2\"></span>arb<span class=\"_ _2\"></span>on </span></span></span></span></span>emissions allowance prices<span class=\"ls1 ws0\">.<span class=\"_ _195\"> </span></span><span class=\"ls1 ws0\"> </span>(ii) Cash f<span class=\"_ _2\"></span>low hed<span class=\"_ _2\"></span>ges<span class=\"ls1 ws0\"> </span>The G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> app<span class=\"_ _2\"></span>lie<span class=\"_ _2\"></span>s ca<span class=\"_ _2\"></span>sh f<span class=\"_ _2\"></span>low <span class=\"_ _2\"></span>hed<span class=\"_ _2\"></span>ge a<span class=\"_ _2\"></span>ccou<span class=\"_ _2\"></span>nting<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> its<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st r<span class=\"_ _2\"></span>ate <span class=\"_ _2\"></span>swap<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd cr<span class=\"_ _2\"></span>oss<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls2f ws2f\">currency interest </span></span>rate<span class=\"_ _2\"></span> swap<span class=\"_ _2\"></span>s. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Where<span class=\"_ _2\"></span> a d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ve fi<span class=\"_ _2\"></span>na<span class=\"_ _2\"></span>ncial<span class=\"_ _2\"></span> inst<span class=\"_ _2\"></span>ru<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> is d<span class=\"_ _2\"></span>esi<span class=\"_ _2\"></span>gnate<span class=\"_ _2\"></span>d a<span class=\"_ _2\"></span>s a <span class=\"_ _2\"></span>hedg<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> vari<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>ity<span class=\"_ _2\"></span> in c<span class=\"_ _2\"></span>as<span class=\"_ _2\"></span>h flo<span class=\"_ _2\"></span>ws of<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span> recognised<span class=\"_ _2\"></span> asset<span class=\"_ _2\"></span> or liabili<span class=\"_ _2\"></span>ty, or<span class=\"_ _2\"></span> a hig<span class=\"_ _2\"></span>hly pr<span class=\"_ _2\"></span>obable for<span class=\"_ _2\"></span>ecast t<span class=\"_ _2\"></span>ransacti<span class=\"_ _2\"></span>on, t<span class=\"_ _2\"></span>he effecti<span class=\"_ _2\"></span>ve part<span class=\"_ _2\"></span> of any g<span class=\"_ _2\"></span>ain <span class=\"_ _2\"></span>or loss<span class=\"_ _2\"></span> on t<span class=\"_ _2\"></span>he d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vativ<span class=\"_ _2\"></span>e fi<span class=\"_ _2\"></span>na<span class=\"_ _2\"></span>ncial<span class=\"_ _2\"></span> ins<span class=\"_ _2\"></span>trum<span class=\"_ _2\"></span>ent i<span class=\"_ _2\"></span><span class=\"ls2f ws2f\">s reco<span class=\"_ _2\"></span>gnised directl<span class=\"_ _2\"></span>y in other c<span class=\"_ _2\"></span>omprehensive income<span class=\"_ _2\"></span>. </span>Any<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">ineffecti<span class=\"_ _2\"></span>ve porti<span class=\"_ _2\"></span>on of th<span class=\"_ _2\"></span>e hed<span class=\"_ _2\"></span>ge is rec<span class=\"_ _2\"></span>ognised imm<span class=\"_ _2\"></span>ediatel<span class=\"_ _2\"></span>y in the i<span class=\"_ _2\"></span>ncome <span class=\"_ _2\"></span>statement.<span class=\"_ _2\"></span></span> </span>When<span class=\"_ _2\"></span> the f<span class=\"_ _2\"></span>ore<span class=\"_ _2\"></span>cast<span class=\"_ _2\"></span> tr<span class=\"_ _2\"></span>ans<span class=\"_ _2\"></span>actio<span class=\"_ _2\"></span>n su<span class=\"_ _2\"></span>bseq<span class=\"_ _2\"></span>uent<span class=\"_ _2\"></span>ly <span class=\"_ _2\"></span>resul<span class=\"_ _2\"></span>ts i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> a <span class=\"_ _2\"></span>non<span class=\"ls1 ws0\">-</span><span class=\"ws7c\">fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al as<span class=\"_ _2\"></span>set or<span class=\"_ _2\"></span> non<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _195\"> </span></span></span>fina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al li<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>ity<span class=\"_ _2\"></span>, th<span class=\"_ _2\"></span>e a<span class=\"_ _2\"></span>ssoci<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> cum<span class=\"_ _2\"></span>ulati<span class=\"_ _2\"></span>ve<span class=\"_ _2\"></span> gai<span class=\"_ _2\"></span>n or<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">loss r<span class=\"_ _2\"></span>ecogni<span class=\"_ _2\"></span>sed in ot<span class=\"_ _2\"></span>her compr<span class=\"_ _2\"></span>ehensiv<span class=\"_ _2\"></span>e income i<span class=\"_ _2\"></span>s </span></span>removed and incl<span class=\"_ _2\"></span>uded in the i<span class=\"_ _2\"></span>nitial co<span class=\"_ _2\"></span>st or other <span class=\"ls49 wsaa\">c<span class=\"_ _2\"></span>arry<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls61 wsac\">the a<span class=\"_ _2\"></span>sset or<span class=\"ls1 ws0\"> <span class=\"ls54 ws83\">liability.</span> </span></span></span></span>If a <span class=\"_ _2\"></span>hedg<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> a f<span class=\"_ _2\"></span>orec<span class=\"_ _2\"></span>ast t<span class=\"_ _2\"></span>ra<span class=\"_ _2\"></span>nsact<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> sub<span class=\"_ _2\"></span>sequ<span class=\"_ _2\"></span>entl<span class=\"_ _2\"></span>y r<span class=\"_ _2\"></span>esul<span class=\"_ _2\"></span>ts i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> a fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>ancial<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span>or a f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al li<span class=\"_ _2\"></span>abi<span class=\"_ _2\"></span>lity<span class=\"_ _2\"></span>, t<span class=\"_ _2\"></span>he a<span class=\"_ _2\"></span>ssoc<span class=\"_ _2\"></span>iat<span class=\"_ _2\"></span>ed g<span class=\"_ _2\"></span>ain<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> los<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> we<span class=\"_ _2\"></span>re r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d di<span class=\"_ _2\"></span>rect<span class=\"_ _2\"></span>ly i<span class=\"_ _2\"></span>n e<span class=\"_ _2\"></span>quit<span class=\"_ _2\"></span>y ar<span class=\"_ _2\"></span>e reclassified i<span class=\"_ _2\"></span>nto the income <span class=\"_ _2\"></span>statement in<span class=\"_ _2\"></span> the same pe<span class=\"_ _2\"></span>riod or perio<span class=\"_ _2\"></span>ds during which <span class=\"_ _2\"></span>the asset <span class=\"_ _2\"></span>acquired or liability assumed affects profit or loss, <span class=\"ls61 wsac\">th<span class=\"_ _2\"></span>at is,<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">when fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>ance i<span class=\"_ _2\"></span>nco<span class=\"_ _2\"></span>me or<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>ense<span class=\"_ _2\"></span></span> </span></span>is recognised.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>When a <span class=\"_ _2\"></span>hedging i<span class=\"_ _2\"></span>nstrument<span class=\"_ _2\"></span> expires <span class=\"_ _2\"></span>or is <span class=\"_ _2\"></span>sold, term<span class=\"_ _2\"></span>inated <span class=\"_ _2\"></span>or exerci<span class=\"_ _2\"></span>sed, or<span class=\"_ _2\"></span> the entit<span class=\"_ _2\"></span>y rev<span class=\"_ _2\"></span>okes desig<span class=\"_ _2\"></span>nati<span class=\"_ _2\"></span>on o<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>hedge<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>nshi<span class=\"_ _2\"></span>p b<span class=\"_ _2\"></span>ut th<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">hedged foreca<span class=\"_ _2\"></span>st transactio<span class=\"_ _2\"></span>n is still exp<span class=\"_ _2\"></span>ected to occ<span class=\"_ _2\"></span>ur, </span></span>the <span class=\"_ _2\"></span>cumul<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ve g<span class=\"_ _2\"></span>ain or<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss a<span class=\"_ _2\"></span>t t<span class=\"_ _2\"></span>hat p<span class=\"_ _2\"></span>oi<span class=\"_ _2\"></span>nt re<span class=\"_ _2\"></span>main<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>n equi<span class=\"_ _2\"></span>ty <span class=\"_ _2\"></span>and<span class=\"_ _2\"></span> is r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d i<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">accordance with t<span class=\"_ _2\"></span>he </span></span>above policy w<span class=\"_ _2\"></span>hen the tr<span class=\"_ _2\"></span>ansaction occurs.<span class=\"_ _2\"></span> If the hedg<span class=\"_ _2\"></span>ed transactio<span class=\"_ _2\"></span>n is no lo<span class=\"_ _2\"></span>nger expected t<span class=\"_ _2\"></span>o take place<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">cumul<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ve u<span class=\"_ _2\"></span>nreal<span class=\"_ _2\"></span>ise<span class=\"_ _2\"></span>d gai<span class=\"_ _2\"></span>n or<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss rec<span class=\"_ _2\"></span>og<span class=\"_ _2\"></span>nised<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n othe<span class=\"_ _2\"></span>r c<span class=\"_ _2\"></span>ompr<span class=\"_ _2\"></span>ehe<span class=\"_ _2\"></span>nsive<span class=\"_ _2\"></span> inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> is </span></span>recog<span class=\"_ _2\"></span>nis<span class=\"_ _2\"></span>ed i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>a<span class=\"ls48 ws32\">tement i<span class=\"_ _2\"></span>mmediately<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></span>Any u<span class=\"_ _2\"></span>nre<span class=\"_ _2\"></span>alis<span class=\"_ _2\"></span>ed a<span class=\"_ _2\"></span>nd r<span class=\"_ _2\"></span>eali<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> gai<span class=\"_ _2\"></span>ns or l<span class=\"_ _2\"></span>os<span class=\"_ _2\"></span>ses <span class=\"_ _2\"></span>on f<span class=\"_ _2\"></span>oreig<span class=\"_ _2\"></span>n e<span class=\"_ _2\"></span>x<span class=\"ls2f ws2f\">change f<span class=\"_ _2\"></span>orward contract<span class=\"_ _2\"></span>s are t<span class=\"_ _2\"></span>aken directly </span>to the i<span class=\"_ _2\"></span>ncome st<span class=\"_ _2\"></span>atement.<span class=\"_ _195\"> </span>(iii) Em<span class=\"_ _2\"></span>bed<span class=\"_ _2\"></span>ded <span class=\"ls4c ws79\">derivatives<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>Deriv<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ves e<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>dde<span class=\"_ _2\"></span>d in o<span class=\"_ _2\"></span>the<span class=\"_ _2\"></span>r fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> inst<span class=\"_ _2\"></span>rume<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span> or ot<span class=\"_ _2\"></span>her<span class=\"_ _2\"></span> hos<span class=\"_ _2\"></span>t <span class=\"_ _2\"></span>cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> tre<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>as sep<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ate d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ves <span class=\"_ _2\"></span>when<span class=\"_ _2\"></span> thei<span class=\"_ _2\"></span>r ri<span class=\"_ _2\"></span>sk<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd c<span class=\"_ _2\"></span>haract<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>isti<span class=\"_ _2\"></span>cs ar<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>not c<span class=\"_ _2\"></span>los<span class=\"_ _2\"></span>ely<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>host c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>rac<span class=\"_ _2\"></span>t. Co<span class=\"_ _2\"></span>ntr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> assessed f<span class=\"_ _2\"></span>or emb<span class=\"_ _2\"></span>edded deri<span class=\"_ _2\"></span>vatives <span class=\"_ _2\"></span>at incep<span class=\"_ _2\"></span>tion <span class=\"ls49 wsaa\">of<span class=\"_ _2\"></span> suc<span class=\"_ _2\"></span>h c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>s or <span class=\"_ _2\"></span>whe<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up b<span class=\"_ _2\"></span>ecom<span class=\"_ _2\"></span>es p<span class=\"_ _2\"></span>art<span class=\"_ _2\"></span>y to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span>m. Emb<span class=\"_ _2\"></span>edd<span class=\"_ _2\"></span>ed d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ves<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> ha<span class=\"_ _2\"></span>ve b<span class=\"_ _2\"></span>een <span class=\"_ _2\"></span>sep<span class=\"_ _2\"></span>arat<span class=\"_ _2\"></span>ed fr<span class=\"_ _2\"></span>om <span class=\"_ _2\"></span>host<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntr<span class=\"_ _2\"></span>acts <span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>e mea<span class=\"_ _2\"></span>sur<span class=\"_ _2\"></span>ed at<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> </span>at eac<span class=\"_ _2\"></span>h b<span class=\"_ _2\"></span>alanc<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>sheet<span class=\"_ _2\"></span> dat<span class=\"_ _2\"></span>e. A<span class=\"_ _2\"></span>ny g<span class=\"_ _2\"></span>ain<span class=\"_ _2\"></span>s or l<span class=\"_ _2\"></span>os<span class=\"_ _2\"></span>ses <span class=\"_ _2\"></span>arisi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> from<span class=\"_ _2\"></span> cha<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span>es in f<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span> v<span class=\"_ _2\"></span>alue <span class=\"_ _2\"></span>are <span class=\"ws78\">t<span class=\"_ _2\"></span>ak<span class=\"_ _2\"></span>en <span class=\"ls2f ws2f\">directly to<span class=\"ls1 ws0\"> </span></span></span>the i<span class=\"_ _2\"></span>nco<span class=\"_ _2\"></span>me st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent.<span class=\"_ _195\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-704": {
   "value": "The<span class=\"_ _2\"></span> cl<span class=\"_ _2\"></span>assif<span class=\"_ _2\"></span>ic<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> </span>of a f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al as<span class=\"_ _2\"></span>set i<span class=\"_ _2\"></span>s d<span class=\"_ _2\"></span>eterm<span class=\"_ _2\"></span>ined<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws78\">initial<span class=\"_ _2\"></span> </span>recog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on;<span class=\"_ _2\"></span> ho<span class=\"_ _2\"></span>wever<span class=\"_ _2\"></span>, if<span class=\"_ _2\"></span> cer<span class=\"_ _2\"></span>tai<span class=\"_ _2\"></span>n co<span class=\"_ _2\"></span>nditi<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>s are <span class=\"_ _2\"></span>met<span class=\"_ _2\"></span>, an<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>et m<span class=\"_ _2\"></span>ay s<span class=\"_ _2\"></span>ubse<span class=\"_ _2\"></span>quent<span class=\"_ _2\"></span>ly <span class=\"_ _2\"></span>need<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span>be recla<span class=\"_ _2\"></span>ssified.<span class=\"_ _195\"> </span><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>If a <span class=\"_ _2\"></span>hedg<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> a f<span class=\"_ _2\"></span>orec<span class=\"_ _2\"></span>ast t<span class=\"_ _2\"></span>ra<span class=\"_ _2\"></span>nsact<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> sub<span class=\"_ _2\"></span>sequ<span class=\"_ _2\"></span>entl<span class=\"_ _2\"></span>y r<span class=\"_ _2\"></span>esul<span class=\"_ _2\"></span>ts i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> a fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>ancial<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span>or a f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al li<span class=\"_ _2\"></span>abi<span class=\"_ _2\"></span>lity<span class=\"_ _2\"></span>, t<span class=\"_ _2\"></span>he a<span class=\"_ _2\"></span>ssoc<span class=\"_ _2\"></span>iat<span class=\"_ _2\"></span>ed g<span class=\"_ _2\"></span>ain<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> los<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> we<span class=\"_ _2\"></span>re r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d di<span class=\"_ _2\"></span>rect<span class=\"_ _2\"></span>ly i<span class=\"_ _2\"></span>n e<span class=\"_ _2\"></span>quit<span class=\"_ _2\"></span>y ar<span class=\"_ _2\"></span>e reclassified i<span class=\"_ _2\"></span>nto the income <span class=\"_ _2\"></span>statement in<span class=\"_ _2\"></span> the same pe<span class=\"_ _2\"></span>riod or perio<span class=\"_ _2\"></span>ds during which <span class=\"_ _2\"></span>the asset <span class=\"_ _2\"></span>acquired or liability assumed affects profit or loss, <span class=\"ls61 wsac\">th<span class=\"_ _2\"></span>at is,<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">when fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>ance i<span class=\"_ _2\"></span>nco<span class=\"_ _2\"></span>me or<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>ense<span class=\"_ _2\"></span></span> </span></span>is recognised.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForReclassificationOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-629": {
   "value": "Fair <span class=\"_ _2\"></span>value t<span class=\"_ _2\"></span>hroug<span class=\"_ _2\"></span>h profi<span class=\"_ _2\"></span>t or l<span class=\"_ _2\"></span>oss (<span class=\"_ _2\"></span>FVTPL):<span class=\"_ _2\"></span> As<span class=\"_ _2\"></span>sets t<span class=\"_ _2\"></span>hat d<span class=\"_ _2\"></span>o not <span class=\"_ _2\"></span>meet <span class=\"_ _2\"></span>the c<span class=\"_ _2\"></span>riteri<span class=\"_ _2\"></span>a for <span class=\"_ _2\"></span>amort<span class=\"_ _2\"></span>ised c<span class=\"_ _2\"></span>ost <span class=\"_ _2\"></span><span class=\"ls1\"> </span>or FVTOCI are m<span class=\"_ _2\"></span>easured at <span class=\"ls4b ws77\">F<span class=\"_ _2\"></span>VTP<span class=\"_ _2\"></span>L.<span class=\"_ _195\"> </span></span><span class=\"ls4b ws77\"><span class=\"ls1 ws0\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-661": {
   "value": "(ii<span class=\"_ _2\"></span>) <span class=\"ls50 wsd7\">F<span class=\"_ _1\"></span>air va<span class=\"_ _1\"></span>lue e<span class=\"_ _1\"></span>stima<span class=\"_ _1\"></span>tion<span class=\"ls1 ws0\"> </span></span>The i<span class=\"_ _2\"></span>nfo<span class=\"_ _2\"></span>rmati<span class=\"_ _2\"></span>on b<span class=\"_ _2\"></span>el<span class=\"_ _2\"></span>ow s<span class=\"_ _2\"></span>ummar<span class=\"_ _2\"></span>is<span class=\"_ _2\"></span>es fi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> inst<span class=\"_ _2\"></span>rum<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s car<span class=\"_ _2\"></span>rie<span class=\"_ _2\"></span>d a<span class=\"_ _2\"></span>t fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue,<span class=\"_ _2\"></span> by <span class=\"_ _2\"></span>valu<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on me<span class=\"_ _2\"></span>thod<span class=\"_ _2\"></span>. The differe<span class=\"_ _2\"></span>nt levels have been def<span class=\"_ _2\"></span>ined as foll<span class=\"_ _2\"></span>ows: <span class=\"ls1 ws0\"> </span>New business quoted prices (unadjusted) in <span class=\"_ _2\"></span>active markets for identical assets or liabilities <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>(Level 1).<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Inputs other than quoted prices i<span class=\"_ _2\"></span>ncluded within Level 1 that are <span class=\"_ _2\"></span>observable for the asset or liability, either directly (that is, as prices) <span class=\"_ _2\"></span>or<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">indirectly (that is<span class=\"_ _2\"></span>, derived from p<span class=\"_ _2\"></span>rices) (Level 2<span class=\"_ _2\"></span>). </span> </span>Inputs for the asset or liability th<span class=\"_ _2\"></span>at are not based on <span class=\"_ _2\"></span>observable market data (that is, unobservable input<span class=\"_ _2\"></span>s) (<span class=\"_ _2\"></span>Le<span class=\"_ _2\"></span>vel 3<span class=\"_ _2\"></span>).<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span>\u2019s i<span class=\"_ _2\"></span>nve<span class=\"_ _2\"></span>stme<span class=\"_ _2\"></span>nts i<span class=\"_ _2\"></span>n <span class=\"_ _2\"></span>Golar<span class=\"_ _2\"></span><span class=\"ff179 ls4b ws49\">, <span class=\"_ _2\"></span>Kingfi<span class=\"_ _2\"></span>sh, O<span class=\"_ _2\"></span>dfj<span class=\"_ _2\"></span>ell S<span class=\"_ _2\"></span>E<span class=\"ls1 ws0\"> <span class=\"ls2f ws92\">and GBL are measured using quoted prices in </span></span></span>an ac<span class=\"_ _2\"></span>tiv<span class=\"_ _2\"></span>e mar<span class=\"_ _2\"></span>ket<span class=\"_ _2\"></span> (Le<span class=\"_ _2\"></span>vel<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ff17a\">1). The<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span>\u2019s<span class=\"_ _2\"></span> deri<span class=\"_ _2\"></span>vat<span class=\"_ _2\"></span>ive <span class=\"_ _2\"></span>asset<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>and l<span class=\"_ _2\"></span>iab<span class=\"_ _2\"></span>ilit<span class=\"_ _2\"></span>ies<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> meas<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>d usi<span class=\"_ _2\"></span>ng i<span class=\"_ _2\"></span>np<span class=\"_ _2\"></span>uts </span>othe<span class=\"_ _2\"></span>r tha<span class=\"_ _2\"></span>n q<span class=\"_ _2\"></span>uoted<span class=\"_ _2\"></span> pr<span class=\"_ _2\"></span>ice<span class=\"_ _2\"></span>s (Le<span class=\"_ _2\"></span>vel<span class=\"_ _2\"></span> 2).<span class=\"_ _2\"></span> The G<span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span>up\u2019s m<span class=\"_ _2\"></span>at<span class=\"_ _2\"></span>ure b<span class=\"_ _2\"></span>iol<span class=\"_ _2\"></span>ogic<span class=\"_ _2\"></span>al a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> me<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>using<span class=\"_ _2\"></span> inp<span class=\"_ _2\"></span>uts<span class=\"_ _2\"></span> other t<span class=\"_ _2\"></span>han quoted<span class=\"_ _2\"></span> prices (<span class=\"_ _2\"></span>Level 2<span class=\"_ _2\"></span>). There <span class=\"_ _2\"></span>have be<span class=\"_ _2\"></span>en no c<span class=\"_ _2\"></span>hanges i<span class=\"_ _2\"></span>n the f<span class=\"_ _2\"></span>air v<span class=\"_ _2\"></span>alue <span class=\"ls53 ws0\">me<span class=\"_ _2\"></span>thodol<span class=\"_ _2\"></span>ogy i<span class=\"_ _2\"></span>n the </span>periods<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">prese<span class=\"_ _2\"></span>nted.<span class=\"_ _195\"> </span></span></span>(i) D<span class=\"_ _2\"></span>ete<span class=\"_ _2\"></span>rmin<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r va<span class=\"_ _2\"></span>lue<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The fair value <span class=\"_ _2\"></span>of interest r<span class=\"_ _2\"></span>ate swa<span class=\"_ _2\"></span>ps, cross<span class=\"ls1 ws0\">-<span class=\"ls49 wsaa\">curre<span class=\"_ _2\"></span>ncy<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st rat<span class=\"_ _2\"></span>e s<span class=\"_ _2\"></span>waps<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span>eign<span class=\"_ _2\"></span> exc<span class=\"_ _2\"></span>hang<span class=\"_ _2\"></span>e </span></span>cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>s is<span class=\"_ _2\"></span> ba<span class=\"_ _2\"></span>sed <span class=\"_ _2\"></span>on di<span class=\"_ _2\"></span>sco<span class=\"_ _2\"></span>unte<span class=\"_ _2\"></span>d ca<span class=\"_ _2\"></span>sh f<span class=\"_ _2\"></span>low m<span class=\"_ _2\"></span>ode<span class=\"_ _2\"></span>ls b<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span>d up<span class=\"_ _2\"></span>on t<span class=\"_ _2\"></span>he v<span class=\"_ _2\"></span>aluat<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>ns re<span class=\"_ _2\"></span>cei<span class=\"_ _2\"></span>ved f<span class=\"_ _2\"></span>rom<span class=\"_ _2\"></span> fina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al i<span class=\"_ _2\"></span>nstit<span class=\"_ _2\"></span>uti<span class=\"_ _2\"></span>ons,<span class=\"_ _2\"></span> tak<span class=\"_ _2\"></span>ing i<span class=\"_ _2\"></span>nto<span class=\"_ _2\"></span> ac<span class=\"_ _2\"></span>count<span class=\"_ _2\"></span> cu<span class=\"_ _2\"></span>rre<span class=\"_ _2\"></span>nt i<span class=\"_ _2\"></span>nter<span class=\"_ _2\"></span>est r<span class=\"_ _2\"></span>ates<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls2f ws2f\">fore<span class=\"_ _2\"></span>ign exchan<span class=\"ls61 wsac\">ge rates<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">and c<span class=\"_ _2\"></span>arb<span class=\"_ _2\"></span>on </span></span></span></span></span>emissions allowance prices<span class=\"ls1 ws0\">.<span class=\"_ _195\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-660": {
   "value": "Acc<span class=\"_ _1\"></span>ounting<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>polic<span class=\"_ _1\"></span>y for<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>deriv<span class=\"_ _1\"></span>ative a<span class=\"_ _1\"></span>ssets and<span class=\"_ _1\"></span> liabilit<span class=\"_ _1\"></span>ies<span class=\"ls1 ws0\"> </span>The G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> en<span class=\"_ _2\"></span>ter<span class=\"_ _2\"></span>s int<span class=\"_ _2\"></span>o for<span class=\"_ _2\"></span>ward<span class=\"_ _2\"></span> ex<span class=\"_ _2\"></span>chang<span class=\"_ _2\"></span>e c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span>s to<span class=\"_ _2\"></span> hedg<span class=\"_ _2\"></span>e f<span class=\"_ _2\"></span>orei<span class=\"_ _2\"></span>gn c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>nc<span class=\"_ _2\"></span>y tr<span class=\"_ _2\"></span>ans<span class=\"_ _2\"></span>actio<span class=\"_ _2\"></span>ns,<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st ra<span class=\"_ _1\"></span>te sw<span class=\"_ _1\"></span>aps to<span class=\"_ _1\"></span> hed<span class=\"_ _1\"></span>ge the<span class=\"_ _1\"></span> ris<span class=\"_ _1\"></span>k of<span class=\"ls1 ws0\"> <span class=\"ls54 ws70\">va<span class=\"_ _1\"></span>riability <span class=\"_ _2\"></span>of interest<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">p<span class=\"_ _2\"></span>aym<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span>, cr<span class=\"_ _2\"></span>oss<span class=\"ls1 ws0\">-</span><span class=\"ws7c\">curr<span class=\"_ _2\"></span>enc<span class=\"_ _2\"></span>y inte<span class=\"_ _2\"></span>rest<span class=\"_ _2\"></span> rat<span class=\"_ _2\"></span>e swap<span class=\"_ _2\"></span>s to </span></span></span></span></span>hedge the risk of variability of inte<span class=\"_ _2\"></span>rest and principal payments on<span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">non</span>-<span class=\"ls4b ws49\">US do<span class=\"_ _2\"></span>lla</span>r-<span class=\"ls49 ws78\">denomi<span class=\"_ _2\"></span>nat<span class=\"_ _2\"></span>ed </span></span>borrowings<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls48 ws32\">b<span class=\"_ _2\"></span>unker fuel<span class=\"_ _2\"></span> hedge <span class=\"_ _2\"></span>contracts<span class=\"_ _2\"></span> to loc<span class=\"_ _2\"></span>k in the p<span class=\"_ _2\"></span>rice f<span class=\"_ _2\"></span>or a p<span class=\"_ _2\"></span>ortion of<span class=\"_ _2\"></span> forecasted<span class=\"_ _2\"></span> bunk<span class=\"_ _2\"></span>er </span></span>fuel<span class=\"ls1 ws0\"> <span class=\"ls48 ws72\">requireme<span class=\"_ _2\"></span>nts<span class=\"ls2f ws2f\">, a<span class=\"_ _2\"></span>nd carbon emi<span class=\"_ _2\"></span>ssions forward co<span class=\"_ _2\"></span>ntracts to f<span class=\"_ _2\"></span>ix the price <span class=\"_ _2\"></span>of future E<span class=\"_ _2\"></span>U carbon </span></span></span>emis<span class=\"_ _2\"></span>sio<span class=\"_ _2\"></span>ns all<span class=\"_ _2\"></span>ow<span class=\"_ _2\"></span>ance <span class=\"_ _2\"></span><span class=\"ls1 ws0\">r<span class=\"ls54 ws70\">egula<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>ory obliga<span class=\"ls49 ws78\">tio<span class=\"_ _2\"></span>ns<span class=\"wsaa\">. N<span class=\"_ _2\"></span>o i<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ument<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>are h<span class=\"_ _2\"></span>el<span class=\"_ _2\"></span>d for<span class=\"_ _2\"></span> spec<span class=\"_ _2\"></span>ul<span class=\"_ _2\"></span>ativ<span class=\"_ _2\"></span>e p<span class=\"_ _2\"></span>urpo<span class=\"_ _2\"></span>ses.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span>For bonds<span class=\"_ _2\"></span> and lo<span class=\"_ _2\"></span>an facili<span class=\"_ _2\"></span>ties whe<span class=\"_ _2\"></span>re it i<span class=\"_ _2\"></span>s determi<span class=\"_ _2\"></span>ned that<span class=\"_ _2\"></span> there i<span class=\"_ _2\"></span>s an<span class=\"_ _2\"></span> interest r<span class=\"_ _2\"></span>ate or f<span class=\"_ _2\"></span>oreig<span class=\"_ _2\"></span>n currenc<span class=\"_ _2\"></span>y risk t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> sh<span class=\"_ _2\"></span>ould<span class=\"_ _2\"></span> be h<span class=\"_ _2\"></span>edge<span class=\"_ _2\"></span>d, t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> der<span class=\"_ _2\"></span>ivati<span class=\"_ _2\"></span>ve f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al i<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ument<span class=\"_ _2\"></span> ac<span class=\"_ _2\"></span>quir<span class=\"_ _2\"></span>ed w<span class=\"_ _2\"></span>ill <span class=\"_ _2\"></span>have<span class=\"_ _2\"></span> cri<span class=\"_ _2\"></span>tic<span class=\"_ _2\"></span>al te<span class=\"_ _2\"></span>rms<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> mirror those of the <span class=\"_ _2\"></span>underlying debt. In<span class=\"_ _2\"></span> these cir<span class=\"ff17a ls49 wsaa\">c<span class=\"_ _2\"></span>umsta<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span>s, it<span class=\"_ _2\"></span> is <span class=\"_ _2\"></span>th<span class=\"_ _2\"></span>e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s obj<span class=\"_ _2\"></span>ecti<span class=\"_ _2\"></span>ve t<span class=\"_ _2\"></span>o ac<span class=\"_ _2\"></span>hie<span class=\"_ _2\"></span>ve</span><span class=\"ls1 ws0\"> </span>100%<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 ws78\">ef<span class=\"_ _2\"></span>fect<span class=\"_ _2\"></span>ive<span class=\"_ _2\"></span>ness<span class=\"_ _2\"></span>.<span class=\"_ _195\"> </span></span></span>Deriv<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ve f<span class=\"_ _2\"></span>inanc<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span>str<span class=\"_ _2\"></span>ument<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e ini<span class=\"_ _2\"></span>tial<span class=\"_ _2\"></span>ly r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d <span class=\"_ _2\"></span>at f<span class=\"_ _2\"></span>air <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>dat<span class=\"_ _2\"></span>e a d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ve c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span> is entered i<span class=\"_ _2\"></span>nto and ar<span class=\"_ _2\"></span>e sub<span class=\"_ _2\"></span>sequentl<span class=\"_ _2\"></span>y remeasur<span class=\"_ _2\"></span>ed to<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">their<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> each<span class=\"_ _2\"></span> bal<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> s<span class=\"_ _2\"></span>heet<span class=\"_ _2\"></span> date<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>e </span></span>resul<span class=\"_ _2\"></span>ting<span class=\"_ _2\"></span> g<span class=\"_ _2\"></span>ain or<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss o<span class=\"_ _2\"></span>n re<span class=\"_ _2\"></span>meas<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> is re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>ni<span class=\"ls48 ws32\">s<span class=\"_ _2\"></span>ed immedi<span class=\"_ _2\"></span>ately i<span class=\"_ _2\"></span>n the i<span class=\"_ _2\"></span>ncome sta<span class=\"_ _2\"></span>tement <span class=\"_ _2\"></span>unless </span>the d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ve i<span class=\"_ _2\"></span>s de<span class=\"_ _2\"></span>sign<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> ef<span class=\"_ _2\"></span>fect<span class=\"_ _2\"></span>ive <span class=\"_ _2\"></span>as <span class=\"_ _2\"></span>a hedg<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> ins<span class=\"_ _2\"></span>tru<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>, i<span class=\"_ _2\"></span>n whic<span class=\"_ _2\"></span>h <span class=\"_ _2\"></span>event<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e timi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>of t<span class=\"_ _2\"></span>he recog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> any re<span class=\"_ _2\"></span>sult<span class=\"_ _2\"></span>ant g<span class=\"_ _2\"></span>ain or<span class=\"_ _2\"></span> loss on t<span class=\"_ _2\"></span>he in<span class=\"_ _2\"></span>come<span class=\"_ _2\"></span> stat<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span> depend<span class=\"_ _2\"></span>s o<span class=\"_ _2\"></span>n the n<span class=\"_ _2\"></span>ature<span class=\"_ _2\"></span> of the it<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m being he<span class=\"ls49 wsaa\">dged. T<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>mp<span class=\"_ _2\"></span>act i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent i<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>show<span class=\"_ _2\"></span>n in<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>erest<span class=\"_ _2\"></span>, f<span class=\"_ _2\"></span>oreig<span class=\"_ _2\"></span>n c<span class=\"_ _2\"></span>urr<span class=\"_ _2\"></span>ency e<span class=\"_ _2\"></span>xch<span class=\"_ _2\"></span>ang<span class=\"_ _2\"></span>e </span>gain (loss) or operating expenses as appropriate, based o<span class=\"_ _2\"></span>n the underlying <span class=\"ls49 ws78\">nat<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span> <span class=\"ls48 ws32\">of the deri<span class=\"_ _2\"></span>vative.<span class=\"_ _195\"> </span></span></span>(i) D<span class=\"_ _2\"></span>ete<span class=\"_ _2\"></span>rmin<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r va<span class=\"_ _2\"></span>lue<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The fair value <span class=\"_ _2\"></span>of interest r<span class=\"_ _2\"></span>ate swa<span class=\"_ _2\"></span>ps, cross<span class=\"ls1 ws0\">-<span class=\"ls49 wsaa\">curre<span class=\"_ _2\"></span>ncy<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st rat<span class=\"_ _2\"></span>e s<span class=\"_ _2\"></span>waps<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span>eign<span class=\"_ _2\"></span> exc<span class=\"_ _2\"></span>hang<span class=\"_ _2\"></span>e </span></span>cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>s is<span class=\"_ _2\"></span> ba<span class=\"_ _2\"></span>sed <span class=\"_ _2\"></span>on di<span class=\"_ _2\"></span>sco<span class=\"_ _2\"></span>unte<span class=\"_ _2\"></span>d ca<span class=\"_ _2\"></span>sh f<span class=\"_ _2\"></span>low m<span class=\"_ _2\"></span>ode<span class=\"_ _2\"></span>ls b<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span>d up<span class=\"_ _2\"></span>on t<span class=\"_ _2\"></span>he v<span class=\"_ _2\"></span>aluat<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>ns re<span class=\"_ _2\"></span>cei<span class=\"_ _2\"></span>ved f<span class=\"_ _2\"></span>rom<span class=\"_ _2\"></span> fina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al i<span class=\"_ _2\"></span>nstit<span class=\"_ _2\"></span>uti<span class=\"_ _2\"></span>ons,<span class=\"_ _2\"></span> tak<span class=\"_ _2\"></span>ing i<span class=\"_ _2\"></span>nto<span class=\"_ _2\"></span> ac<span class=\"_ _2\"></span>count<span class=\"_ _2\"></span> cu<span class=\"_ _2\"></span>rre<span class=\"_ _2\"></span>nt i<span class=\"_ _2\"></span>nter<span class=\"_ _2\"></span>est r<span class=\"_ _2\"></span>ates<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls2f ws2f\">fore<span class=\"_ _2\"></span>ign exchan<span class=\"ls61 wsac\">ge rates<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">and c<span class=\"_ _2\"></span>arb<span class=\"_ _2\"></span>on </span></span></span></span></span>emissions allowance prices<span class=\"ls1 ws0\">.<span class=\"_ _195\"> </span></span>(ii) Cash f<span class=\"_ _2\"></span>low hed<span class=\"_ _2\"></span>ges<span class=\"ls1 ws0\"> </span>The G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> app<span class=\"_ _2\"></span>lie<span class=\"_ _2\"></span>s ca<span class=\"_ _2\"></span>sh f<span class=\"_ _2\"></span>low <span class=\"_ _2\"></span>hed<span class=\"_ _2\"></span>ge a<span class=\"_ _2\"></span>ccou<span class=\"_ _2\"></span>nting<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> its<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st r<span class=\"_ _2\"></span>ate <span class=\"_ _2\"></span>swap<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd cr<span class=\"_ _2\"></span>oss<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls2f ws2f\">currency interest </span></span>rate<span class=\"_ _2\"></span> swap<span class=\"_ _2\"></span>s. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Where<span class=\"_ _2\"></span> a d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ve fi<span class=\"_ _2\"></span>na<span class=\"_ _2\"></span>ncial<span class=\"_ _2\"></span> inst<span class=\"_ _2\"></span>ru<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> is d<span class=\"_ _2\"></span>esi<span class=\"_ _2\"></span>gnate<span class=\"_ _2\"></span>d a<span class=\"_ _2\"></span>s a <span class=\"_ _2\"></span>hedg<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> vari<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>ity<span class=\"_ _2\"></span> in c<span class=\"_ _2\"></span>as<span class=\"_ _2\"></span>h flo<span class=\"_ _2\"></span>ws of<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span> recognised<span class=\"_ _2\"></span> asset<span class=\"_ _2\"></span> or liabili<span class=\"_ _2\"></span>ty, or<span class=\"_ _2\"></span> a hig<span class=\"_ _2\"></span>hly pr<span class=\"_ _2\"></span>obable for<span class=\"_ _2\"></span>ecast t<span class=\"_ _2\"></span>ransacti<span class=\"_ _2\"></span>on, t<span class=\"_ _2\"></span>he effecti<span class=\"_ _2\"></span>ve part<span class=\"_ _2\"></span> of any g<span class=\"_ _2\"></span>ain <span class=\"_ _2\"></span>or loss<span class=\"_ _2\"></span> on t<span class=\"_ _2\"></span>he d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vativ<span class=\"_ _2\"></span>e fi<span class=\"_ _2\"></span>na<span class=\"_ _2\"></span>ncial<span class=\"_ _2\"></span> ins<span class=\"_ _2\"></span>trum<span class=\"_ _2\"></span>ent i<span class=\"_ _2\"></span><span class=\"ls2f ws2f\">s reco<span class=\"_ _2\"></span>gnised directl<span class=\"_ _2\"></span>y in other c<span class=\"_ _2\"></span>omprehensive income<span class=\"_ _2\"></span>. </span>Any<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">ineffecti<span class=\"_ _2\"></span>ve porti<span class=\"_ _2\"></span>on of th<span class=\"_ _2\"></span>e hed<span class=\"_ _2\"></span>ge is rec<span class=\"_ _2\"></span>ognised imm<span class=\"_ _2\"></span>ediatel<span class=\"_ _2\"></span>y in the i<span class=\"_ _2\"></span>ncome <span class=\"_ _2\"></span>statement.<span class=\"_ _2\"></span></span> </span>When<span class=\"_ _2\"></span> the f<span class=\"_ _2\"></span>ore<span class=\"_ _2\"></span>cast<span class=\"_ _2\"></span> tr<span class=\"_ _2\"></span>ans<span class=\"_ _2\"></span>actio<span class=\"_ _2\"></span>n su<span class=\"_ _2\"></span>bseq<span class=\"_ _2\"></span>uent<span class=\"_ _2\"></span>ly <span class=\"_ _2\"></span>resul<span class=\"_ _2\"></span>ts i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> a <span class=\"_ _2\"></span>non<span class=\"ls1 ws0\">-</span><span class=\"ws7c\">fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al as<span class=\"_ _2\"></span>set or<span class=\"_ _2\"></span> non<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _195\"> </span></span></span>fina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al li<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>ity<span class=\"_ _2\"></span>, th<span class=\"_ _2\"></span>e a<span class=\"_ _2\"></span>ssoci<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> cum<span class=\"_ _2\"></span>ulati<span class=\"_ _2\"></span>ve<span class=\"_ _2\"></span> gai<span class=\"_ _2\"></span>n or<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">loss r<span class=\"_ _2\"></span>ecogni<span class=\"_ _2\"></span>sed in ot<span class=\"_ _2\"></span>her compr<span class=\"_ _2\"></span>ehensiv<span class=\"_ _2\"></span>e income i<span class=\"_ _2\"></span>s </span></span>removed and incl<span class=\"_ _2\"></span>uded in the i<span class=\"_ _2\"></span>nitial co<span class=\"_ _2\"></span>st or other <span class=\"ls49 wsaa\">c<span class=\"_ _2\"></span>arry<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls61 wsac\">the a<span class=\"_ _2\"></span>sset or<span class=\"ls1 ws0\"> <span class=\"ls54 ws83\">liability.</span> </span></span></span></span>If a <span class=\"_ _2\"></span>hedg<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> a f<span class=\"_ _2\"></span>orec<span class=\"_ _2\"></span>ast t<span class=\"_ _2\"></span>ra<span class=\"_ _2\"></span>nsact<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> sub<span class=\"_ _2\"></span>sequ<span class=\"_ _2\"></span>entl<span class=\"_ _2\"></span>y r<span class=\"_ _2\"></span>esul<span class=\"_ _2\"></span>ts i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> a fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>ancial<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span>or a f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al li<span class=\"_ _2\"></span>abi<span class=\"_ _2\"></span>lity<span class=\"_ _2\"></span>, t<span class=\"_ _2\"></span>he a<span class=\"_ _2\"></span>ssoc<span class=\"_ _2\"></span>iat<span class=\"_ _2\"></span>ed g<span class=\"_ _2\"></span>ain<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> los<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> we<span class=\"_ _2\"></span>re r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d di<span class=\"_ _2\"></span>rect<span class=\"_ _2\"></span>ly i<span class=\"_ _2\"></span>n e<span class=\"_ _2\"></span>quit<span class=\"_ _2\"></span>y ar<span class=\"_ _2\"></span>e reclassified i<span class=\"_ _2\"></span>nto the income <span class=\"_ _2\"></span>statement in<span class=\"_ _2\"></span> the same pe<span class=\"_ _2\"></span>riod or perio<span class=\"_ _2\"></span>ds during which <span class=\"_ _2\"></span>the asset <span class=\"_ _2\"></span>acquired or liability assumed affects profit or loss, <span class=\"ls61 wsac\">th<span class=\"_ _2\"></span>at is,<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">when fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>ance i<span class=\"_ _2\"></span>nco<span class=\"_ _2\"></span>me or<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>ense<span class=\"_ _2\"></span></span> </span></span>is recognised.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>When a <span class=\"_ _2\"></span>hedging i<span class=\"_ _2\"></span>nstrument<span class=\"_ _2\"></span> expires <span class=\"_ _2\"></span>or is <span class=\"_ _2\"></span>sold, term<span class=\"_ _2\"></span>inated <span class=\"_ _2\"></span>or exerci<span class=\"_ _2\"></span>sed, or<span class=\"_ _2\"></span> the entit<span class=\"_ _2\"></span>y rev<span class=\"_ _2\"></span>okes desig<span class=\"_ _2\"></span>nati<span class=\"_ _2\"></span>on o<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>hedge<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>nshi<span class=\"_ _2\"></span>p b<span class=\"_ _2\"></span>ut th<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">hedged foreca<span class=\"_ _2\"></span>st transactio<span class=\"_ _2\"></span>n is still exp<span class=\"_ _2\"></span>ected to occ<span class=\"_ _2\"></span>ur, </span></span>the <span class=\"_ _2\"></span>cumul<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ve g<span class=\"_ _2\"></span>ain or<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss a<span class=\"_ _2\"></span>t t<span class=\"_ _2\"></span>hat p<span class=\"_ _2\"></span>oi<span class=\"_ _2\"></span>nt re<span class=\"_ _2\"></span>main<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>n equi<span class=\"_ _2\"></span>ty <span class=\"_ _2\"></span>and<span class=\"_ _2\"></span> is r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d i<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">accordance with t<span class=\"_ _2\"></span>he </span></span>above policy w<span class=\"_ _2\"></span>hen the tr<span class=\"_ _2\"></span>ansaction occurs.<span class=\"_ _2\"></span> If the hedg<span class=\"_ _2\"></span>ed transactio<span class=\"_ _2\"></span>n is no lo<span class=\"_ _2\"></span>nger expected t<span class=\"_ _2\"></span>o take place<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">cumul<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ve u<span class=\"_ _2\"></span>nreal<span class=\"_ _2\"></span>ise<span class=\"_ _2\"></span>d gai<span class=\"_ _2\"></span>n or<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss rec<span class=\"_ _2\"></span>og<span class=\"_ _2\"></span>nised<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n othe<span class=\"_ _2\"></span>r c<span class=\"_ _2\"></span>ompr<span class=\"_ _2\"></span>ehe<span class=\"_ _2\"></span>nsive<span class=\"_ _2\"></span> inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> is </span></span>recog<span class=\"_ _2\"></span>nis<span class=\"_ _2\"></span>ed i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>a<span class=\"ls48 ws32\">tement i<span class=\"_ _2\"></span>mmediately<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></span>Any u<span class=\"_ _2\"></span>nre<span class=\"_ _2\"></span>alis<span class=\"_ _2\"></span>ed a<span class=\"_ _2\"></span>nd r<span class=\"_ _2\"></span>eali<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> gai<span class=\"_ _2\"></span>ns or l<span class=\"_ _2\"></span>os<span class=\"_ _2\"></span>ses <span class=\"_ _2\"></span>on f<span class=\"_ _2\"></span>oreig<span class=\"_ _2\"></span>n e<span class=\"_ _2\"></span>x<span class=\"ls2f ws2f\">change f<span class=\"_ _2\"></span>orward contract<span class=\"_ _2\"></span>s are t<span class=\"_ _2\"></span>aken directly </span>to the i<span class=\"_ _2\"></span>ncome st<span class=\"_ _2\"></span>atement.<span class=\"_ _195\"> </span>(iii) Em<span class=\"_ _2\"></span>bed<span class=\"_ _2\"></span>ded <span class=\"ls4c ws79\">derivatives<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>Deriv<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ves e<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>dde<span class=\"_ _2\"></span>d in o<span class=\"_ _2\"></span>the<span class=\"_ _2\"></span>r fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> inst<span class=\"_ _2\"></span>rume<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span> or ot<span class=\"_ _2\"></span>her<span class=\"_ _2\"></span> hos<span class=\"_ _2\"></span>t <span class=\"_ _2\"></span>cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> tre<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>as sep<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ate d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ves <span class=\"_ _2\"></span>when<span class=\"_ _2\"></span> thei<span class=\"_ _2\"></span>r ri<span class=\"_ _2\"></span>sk<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd c<span class=\"_ _2\"></span>haract<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>isti<span class=\"_ _2\"></span>cs ar<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>not c<span class=\"_ _2\"></span>los<span class=\"_ _2\"></span>ely<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>host c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>rac<span class=\"_ _2\"></span>t. Co<span class=\"_ _2\"></span>ntr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> assessed f<span class=\"_ _2\"></span>or emb<span class=\"_ _2\"></span>edded deri<span class=\"_ _2\"></span>vatives <span class=\"_ _2\"></span>at incep<span class=\"_ _2\"></span>tion <span class=\"ls49 wsaa\">of<span class=\"_ _2\"></span> suc<span class=\"_ _2\"></span>h c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>s or <span class=\"_ _2\"></span>whe<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up b<span class=\"_ _2\"></span>ecom<span class=\"_ _2\"></span>es p<span class=\"_ _2\"></span>art<span class=\"_ _2\"></span>y to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span>m. Emb<span class=\"_ _2\"></span>edd<span class=\"_ _2\"></span>ed d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ves<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> ha<span class=\"_ _2\"></span>ve b<span class=\"_ _2\"></span>een <span class=\"_ _2\"></span>sep<span class=\"_ _2\"></span>arat<span class=\"_ _2\"></span>ed fr<span class=\"_ _2\"></span>om <span class=\"_ _2\"></span>host<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntr<span class=\"_ _2\"></span>acts <span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>e mea<span class=\"_ _2\"></span>sur<span class=\"_ _2\"></span>ed at<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> </span>at eac<span class=\"_ _2\"></span>h b<span class=\"_ _2\"></span>alanc<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>sheet<span class=\"_ _2\"></span> dat<span class=\"_ _2\"></span>e. A<span class=\"_ _2\"></span>ny g<span class=\"_ _2\"></span>ain<span class=\"_ _2\"></span>s or l<span class=\"_ _2\"></span>os<span class=\"_ _2\"></span>ses <span class=\"_ _2\"></span>arisi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> from<span class=\"_ _2\"></span> cha<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span>es in f<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span> v<span class=\"_ _2\"></span>alue <span class=\"_ _2\"></span>are <span class=\"ws78\">t<span class=\"_ _2\"></span>ak<span class=\"_ _2\"></span>en <span class=\"ls2f ws2f\">directly to<span class=\"ls1 ws0\"> </span></span></span>the i<span class=\"_ _2\"></span>nco<span class=\"_ _2\"></span>me st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent.<span class=\"_ _195\"> </span><table class=\"s w14c h154\" id=\"_9d4dc921-35fb-4e70-ae38-d35b44cf76c8\"><tr><td></td><td></td><td></td><td class=\"c x384 y2e3f wd3 h80\"><div class=\"t m0 x220 h85 y1bd2 ff185 fs3b fc2 sc0 ls65 ws9b\">November 30<span class=\"_ _2\"></span>, 20<span class=\"ls1b ws2f\">25</span><span class=\"ls1b ws2f\"><span class=\"ls1 ws0\"> </span></span></div></td><td></td><td></td><td></td><td class=\"c x32c y2e3f wd4 h80\"><div class=\"t m0 x220 h82 y1bd2 ff184 fs3b fc2 sc0 ls1 ws32\">November 30, 20<span class=\"ls78 wsbd\">24</span><span class=\"ws0\"> </span></div></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c x386 y2e40 w5f hb4\"><div class=\"t m0 x17e h85 y1c8c ff185 fs3b fc2 sc0 ls1 ws9a\">Total carrying </div></td><td></td><td></td><td></td><td class=\"c x2b2 y2e40 w5f hb4\"><div class=\"t m0 x19a h82 y1c8c ff184 fs3b fc2 sc0 ls1e ws2f\">Total carrying </div></td><td></td></tr><tr><td class=\"c x246 y2e41 w150 h102\"><div class=\"t m0 x245 h82 y29a6 ff184 fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2b9 h82 y29a7 ff184 fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x2e6 h85 y2e42 ff185 fs3b fc2 sc0 ls65 ws99\">Current<span class=\"_ _195\"> </span></td><td class=\"t m0 x38a h85 y2e42 ff185 fs3b fc2 sc0 ls1d ws31\">Non<span class=\"ls1 ws0\">-current<span class=\"_ _195\"> </span></span></td><td class=\"t m0 x300 h85 y2e42 ff185 fs3b fc2 sc0 ls65 ws99\">value<span class=\"_ _195\"> </span></td><td class=\"t m0 x390 h85 y2e42 ff185 fs3b fc2 sc0 ls65 ws99\">Fair <span class=\"ls1 ws0\">v</span>alue<span class=\"_ _195\"> </span></td><td class=\"t m0 x323 h82 y2e42 ff184 fs3b fc2 sc0 ls38 ws5e\">Curre<span class=\"_ _1\"></span>nt<span class=\"_ _195\"> </span></td><td class=\"t m0 x391 h82 y2e42 ff184 fs3b fc2 sc0 ls1 ws0\">Non-<span class=\"ls1e ws32\">current<span class=\"_ _195\"> </span></span></td><td class=\"t m0 x2ad h82 y2e42 ff184 fs3b fc2 sc0 ls2d ws4a\">value<span class=\"_ _195\"> </span></td><td class=\"t m0 x392 h82 y2e42 ff184 fs3b fc2 sc0 ls1e ws32\">Fair <span class=\"ls1 ws0\">v<span class=\"ls2d ws4a\">alue<span class=\"_ _195\"> </span></span></span></td></tr><tr><td class=\"c x24b y2e43 wcf h86\"><div class=\"t m0 x0 h87 y1bf4 ff185 fs3a fc2 sc0 ls2c ws5a\">Derivative Financial Ins<span class=\"_ _1\"></span>truments at<span class=\"ls1 ws0\"> F<span class=\"_ _1\"></span><span class=\"ls2e ws5c\">air<span class=\"ls1 ws0\"> V<span class=\"_ _1\"></span><span class=\"ls2e ws5c\">alue</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls2e ws5c\"><span class=\"ls1 ws0\"><span class=\"ls2e ws5c\"><span class=\"_ _2\"></span><span class=\"ff186 ls1 ws0\"> </span></span></span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e44 wcf h8a\"><div class=\"t m0 x0 h91 y1c3f ff187 fs3a fc2 sc0 ls1f ws43\">Assets<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e45 wcf h86\"><div class=\"t m0 x0 h88 y1bf4 ff184 fs3a fc2 sc0 ls24 ws3a\">Foreign currency exchange contr<span class=\"_ _2\"></span>acts <span class=\"ff188 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff184\"> <span class=\"ls24 ws3a\">cash flow hedges</span></span></span><span class=\"ff188 ls1 ws0\"><span class=\"ff184\"> </span></span></div></td><td class=\"c x384 y2e45 w5e h86\"><div class=\"t m0 x187 h87 y1bf4 ff185 fs3a fc2 sc0 ls21 ws35\">3,68<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e45 wc6 h86\"><div class=\"t m0 x1be h87 y1bf4 ff189 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff185\"> </span></div></td><td class=\"c x386 y2e45 w5f h86\"><div class=\"t m0 x187 h87 y1bf4 ff185 fs3a fc2 sc0 ls21 ws35\">3,68<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e45 w5e h86\"><div class=\"t m0 x187 h87 y1bf4 ff185 fs3a fc2 sc0 ls21 ws35\">3,68<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e45 w5c h86\"><div class=\"t m0 x179 h88 y1bf4 ff184 fs3a fc2 sc0 ls20 ws36\">3,142<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e45 w5f h86\"><div class=\"t m0 x1be h88 y1bf4 ff188 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff184\"> </span></div></td><td class=\"c x2b2 y2e45 w5f h86\"><div class=\"t m0 x179 h88 y1bf4 ff184 fs3a fc2 sc0 ls20 ws36\">3,142<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e45 w5c h86\"><div class=\"t m0 x179 h88 y1bf4 ff184 fs3a fc2 sc0 ls20 ws36\">3,142<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e46 wcf h86\"><div class=\"t m0 x0 h88 y1bef ff184 fs3a fc2 sc0 ls26 ws3d\">Interest rate swaps<span class=\"ls1 ws0\"> <span class=\"_ _3\"></span><span class=\"ff188\">\u2013<span class=\"ff184\"> <span class=\"ls24 ws3a\">cash f<span class=\"_ _1\"></span>low hed<span class=\"_ _2\"></span>ges</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ff188\"><span class=\"ff184\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></span></span></div></td><td class=\"c x384 y2e46 w5e h86\"><div class=\"t m0 x187 h87 y1bef ff185 fs3a fc2 sc0 ls21 ws35\">2,95<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e46 wc6 h86\"><div class=\"t m0 x185 h87 y1bef ff185 fs3a fc2 sc0 ls21 ws35\">411<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e46 w5f h86\"><div class=\"t m0 x187 h87 y1bef ff185 fs3a fc2 sc0 ls21 ws35\">3,36<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e46 w5e h86\"><div class=\"t m0 x187 h87 y1bef ff185 fs3a fc2 sc0 ls21 ws35\">3,36<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e46 w5c h86\"><div class=\"t m0 x179 h88 y1bef ff184 fs3a fc2 sc0 ls20 ws36\">3,283<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e46 w5f h86\"><div class=\"t m0 x179 h88 y1bef ff184 fs3a fc2 sc0 ls20 ws36\">2,337<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e46 w5f h86\"><div class=\"t m0 x179 h88 y1bef ff184 fs3a fc2 sc0 ls20 ws36\">5,620<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e46 w5c h86\"><div class=\"t m0 x179 h88 y1bef ff184 fs3a fc2 sc0 ls20 ws36\">5,620<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e47 wcf h8c\"><div class=\"t m0 x0 h88 y1c4d ff184 fs3a fc2 sc0 ls22 ws3e\">Cross<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls22 ws37\">currency interest ra<span class=\"_ _1\"></span>te swaps<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ff188\">\u2013<span class=\"ff184\"> <span class=\"_ _1\"></span><span class=\"ls24 ws3a\">cash flow he<span class=\"_ _2\"></span>dges</span></span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls22 ws37\"><span class=\"ls1 ws0\"><span class=\"ff188\"><span class=\"ff184\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></span></span></span></span></div></td><td class=\"c x384 y2e47 w5e h8c\"><div class=\"t m0 x185 h87 y1c4d ff185 fs3a fc2 sc0 ls21 ws35\">490<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e47 wc6 h8c\"><div class=\"t m0 x187 h87 y1c4d ff185 fs3a fc2 sc0 ls21 ws35\">3,58<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e47 w5f h8c\"><div class=\"t m0 x187 h87 y1c4d ff185 fs3a fc2 sc0 ls21 ws35\">4,07<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e47 w5e h8c\"><div class=\"t m0 x187 h87 y1c4d ff185 fs3a fc2 sc0 ls21 ws35\">4,07<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e47 w5c h8c\"><div class=\"t m0 x184 h88 y1c4d ff184 fs3a fc2 sc0 ls20 ws36\">189<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e47 w5f h8c\"><div class=\"t m0 x1be h88 y1c4d ff188 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff184\"> </span></div></td><td class=\"c x2b2 y2e47 w5f h8c\"><div class=\"t m0 x184 h88 y1c4d ff184 fs3a fc2 sc0 ls20 ws36\">189<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e47 w5c h8c\"><div class=\"t m0 x184 h88 y1c4d ff184 fs3a fc2 sc0 ls20 ws36\">189<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e48 wcf h89\"><div class=\"t m0 x0 h88 y1bfa ff184 fs3a fc2 sc0 ls22 ws37\">Carbon emi<span class=\"_ _1\"></span>ssion forward con<span class=\"_ _1\"></span>tracts <span class=\"ff188 ls1 ws0\">\u2013<span class=\"ff184\"> <span class=\"_ _1\"></span><span class=\"ls24 ws3a\">cash flow hedges</span></span></span><span class=\"ff188 ls1 ws0\"><span class=\"ff184\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></span></div></td><td class=\"c x384 y2e48 w5e h89\"><div class=\"t m0 x187 h87 y1bfa ff185 fs3a fc2 sc0 ls21 ws35\">1,32<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e48 wc6 h89\"><div class=\"t m0 x1be h87 y1bfa ff189 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff185\"> </span></div></td><td class=\"c x386 y2e48 w5f h89\"><div class=\"t m0 x187 h87 y1bfa ff185 fs3a fc2 sc0 ls21 ws35\">1,32<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e48 w5e h89\"><div class=\"t m0 x187 h87 y1bfa ff185 fs3a fc2 sc0 ls21 ws35\">1,32<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e48 w5c h89\"><div class=\"t m0 x184 h88 y1bfa ff184 fs3a fc2 sc0 ls20 ws36\">400<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e48 w5f h89\"><div class=\"t m0 x1be h88 y1bfa ff188 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff184\"> </span></div></td><td class=\"c x2b2 y2e48 w5f h89\"><div class=\"t m0 x184 h88 y1bfa ff184 fs3a fc2 sc0 ls20 ws36\">400<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e48 w5c h89\"><div class=\"t m0 x184 h88 y1bfa ff184 fs3a fc2 sc0 ls20 ws36\">400<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x384 y2e49 w5e h8b\"><div class=\"t m0 x187 h87 y1c50 ff185 fs3a fc2 sc0 ls21 ws35\">8,44<span class=\"_ _2\"></span>9<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e49 wc6 h8b\"><div class=\"t m0 x187 h87 y1c50 ff185 fs3a fc2 sc0 ls21 ws35\">3,99<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e49 w5f h8b\"><div class=\"t m0 x17f h87 y1c50 ff185 fs3a fc2 sc0 ls23 ws39\">12,441<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e49 w5e h8b\"><div class=\"t m0 x17f h87 y1c50 ff185 fs3a fc2 sc0 ls23 ws39\">12,441<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e49 w5c h8b\"><div class=\"t m0 x179 h88 y1c50 ff184 fs3a fc2 sc0 ls20 ws36\">7,014<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e49 w5f h8b\"><div class=\"t m0 x179 h88 y1c50 ff184 fs3a fc2 sc0 ls20 ws36\">2,337<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e49 w5f h8b\"><div class=\"t m0 x179 h88 y1c50 ff184 fs3a fc2 sc0 ls20 ws36\">9,351<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e49 w5c h8b\"><div class=\"t m0 x179 h88 y1c50 ff184 fs3a fc2 sc0 ls20 ws36\">9,351<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e4a wcf h8e\"><div class=\"t m0 x0 h91 y244b ff187 fs3a fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x0 h88 y1bdc ff187 fs3a fc2 sc0 ls25 ws41\">Liabilities<span class=\"ff184 ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e4b wcf h86\"><div class=\"t m0 x0 h88 y1bde ff184 fs3a fc2 sc0 ls22 ws3e\">Cross<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls22 ws37\">currency interest ra<span class=\"_ _1\"></span>te swaps <span class=\"ff188 ls1 ws0\">\u2013<span class=\"ff184\"> <span class=\"_ _3\"></span><span class=\"ls24 ws3a\">c<span class=\"_ _2\"></span>ash flow hedges</span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls22 ws37\"><span class=\"ff188 ls1 ws0\"><span class=\"ff184\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></span></span></span></div></td><td class=\"c x384 y2e4b w5e h86\"><div class=\"t m0 x185 h87 y1bde ff185 fs3a fc2 sc0 ls21 ws35\">265<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e4b wc6 h86\"><div class=\"t m0 x187 h87 y1bde ff185 fs3a fc2 sc0 ls21 ws35\">4,31<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e4b w5f h86\"><div class=\"t m0 x187 h87 y1bde ff185 fs3a fc2 sc0 ls21 ws35\">4,57<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e4b w5e h86\"><div class=\"t m0 x187 h87 y1bde ff185 fs3a fc2 sc0 ls21 ws35\">4,57<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e4b w5c h86\"><div class=\"t m0 x184 h88 y1bde ff184 fs3a fc2 sc0 ls20 ws36\">776<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e4b w5f h86\"><div class=\"t m0 x179 h88 y1bde ff184 fs3a fc2 sc0 ls20 ws36\">7,860<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e4b w5f h86\"><div class=\"t m0 x179 h88 y1bde ff184 fs3a fc2 sc0 ls20 ws36\">8,636<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e4b w5c h86\"><div class=\"t m0 x179 h88 y1bde ff184 fs3a fc2 sc0 ls20 ws36\">8,636<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e4c wcf h8a\"><div class=\"t m0 x0 h88 y1c2d ff184 fs3a fc2 sc0 ls24 ws3a\">Foreign currency exchange contr<span class=\"_ _2\"></span>acts<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ff188\">\u2013<span class=\"ff184\"> <span class=\"_ _3\"></span><span class=\"ls24 ws3a\">c<span class=\"_ _2\"></span>ash flow hedges</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ff188\"><span class=\"ff184\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></span></span></div></td><td class=\"c x384 y2e4c w5e h8a\"><div class=\"t m0 x187 h87 y1c2d ff185 fs3a fc2 sc0 ls21 ws35\">1,33<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e4c wc6 h8a\"><div class=\"t m0 x1be h87 y1c2d ff189 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff185\"> </span></div></td><td class=\"c x386 y2e4c w5f h8a\"><div class=\"t m0 x187 h87 y1c2d ff185 fs3a fc2 sc0 ls21 ws35\">1,33<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e4c w5e h8a\"><div class=\"t m0 x187 h87 y1c2d ff185 fs3a fc2 sc0 ls21 ws35\">1,33<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e4c w5c h8a\"><div class=\"t m0 x179 h88 y1c2d ff184 fs3a fc2 sc0 ls20 ws36\">5,720<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e4c w5f h8a\"><div class=\"t m0 x1be h88 y1c2d ff188 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff184\"> </span></div></td><td class=\"c x2b2 y2e4c w5f h8a\"><div class=\"t m0 x179 h88 y1c2d ff184 fs3a fc2 sc0 ls20 ws36\">5,720<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e4c w5c h8a\"><div class=\"t m0 x179 h88 y1c2d ff184 fs3a fc2 sc0 ls20 ws36\">5,720<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e4d wcf h86\"><div class=\"t m0 x0 h88 y1bde ff184 fs3a fc2 sc0 ls26 ws3d\">Interest rate swaps<span class=\"ls1 ws0\"> <span class=\"_ _3\"></span><span class=\"ff188\">\u2013<span class=\"ff184\"> <span class=\"ls24 ws3a\">cash f<span class=\"_ _1\"></span>low hed<span class=\"_ _2\"></span>ges</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ff188\"><span class=\"ff184\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></span></span></div></td><td class=\"c x384 y2e4d w5e h86\"><div class=\"t m0 x187 h87 y1bde ff185 fs3a fc2 sc0 ls21 ws35\">2,65<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e4d wc6 h86\"><div class=\"t m0 x187 h87 y1bde ff185 fs3a fc2 sc0 ls21 ws35\">7,01<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e4d w5f h86\"><div class=\"t m0 x187 h87 y1bde ff185 fs3a fc2 sc0 ls21 ws35\">9,66<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e4d w5e h86\"><div class=\"t m0 x187 h87 y1bde ff185 fs3a fc2 sc0 ls21 ws35\">9,66<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e4d w5c h86\"><div class=\"t m0 x184 h88 y1bde ff184 fs3a fc2 sc0 ls20 ws36\">846<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e4d w5f h86\"><div class=\"t m0 x179 h88 y1bde ff184 fs3a fc2 sc0 ls20 ws36\">4,811<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e4d w5f h86\"><div class=\"t m0 x179 h88 y1bde ff184 fs3a fc2 sc0 ls20 ws36\">5,657<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e4d w5c h86\"><div class=\"t m0 x179 h88 y1bde ff184 fs3a fc2 sc0 ls20 ws36\">5,657<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x384 y2e4e w5e h86\"><div class=\"t m0 x187 h87 y1be4 ff185 fs3a fc2 sc0 ls21 ws35\">4,24<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e4e wc6 h86\"><div class=\"t m0 x17f h87 y1be4 ff185 fs3a fc2 sc0 ls23 ws39\">11,320<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e4e w5f h86\"><div class=\"t m0 x17f h87 y1be4 ff185 fs3a fc2 sc0 ls23 ws39\">15,566<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e4e w5e h86\"><div class=\"t m0 x17f h87 y1be4 ff185 fs3a fc2 sc0 ls23 ws39\">15,566<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e4e w5c h86\"><div class=\"t m0 x179 h88 y1be4 ff184 fs3a fc2 sc0 ls20 ws36\">7,342<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e4e w5f h86\"><div class=\"t m0 x180 h88 y1be4 ff184 fs3a fc2 sc0 ls20 ws36\">12,671<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e4e w5f h86\"><div class=\"t m0 x180 h88 y1be4 ff184 fs3a fc2 sc0 ls20 ws36\">20,013<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e4e w5c h86\"><div class=\"t m0 x180 h88 y1be4 ff184 fs3a fc2 sc0 ls20 ws36\">20,013<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>Derivatives  The Group has<span class=\"_ _2\"></span> derivative <span class=\"_ _2\"></span>assets of $1<span class=\"_ _2\"></span>2.4 millio<span class=\"_ _2\"></span>n and $9.4 mi<span class=\"_ _2\"></span>llion as <span class=\"_ _2\"></span>of November<span class=\"_ _2\"></span> 30, 2025 <span class=\"_ _2\"></span>and 2024, respectively<span class=\"ls1 ws0\">,<span class=\"_ _1\"></span> <span class=\"ls2f ws70\">and derivative<span class=\"_ _2\"></span> liabilities <span class=\"_ _2\"></span>of $15.6 millio<span class=\"_ _2\"></span>n and $2<span class=\"_ _2\"></span>0.0 million <span class=\"_ _2\"></span>as of <span class=\"_ _2\"></span>November 30, </span></span>2025<span class=\"_ _2\"></span> and 20<span class=\"_ _2\"></span>24,<span class=\"_ _2\"></span> resp<span class=\"_ _2\"></span>ective<span class=\"_ _2\"></span>ly.<span class=\"_ _2\"></span> All t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup<span class=\"_ _2\"></span>\u2019s deri<span class=\"_ _2\"></span>vative<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>activi<span class=\"_ _2\"></span>ties <span class=\"_ _2\"></span>are f<span class=\"_ _2\"></span>inanc<span class=\"_ _2\"></span>ial i<span class=\"_ _2\"></span>nst<span class=\"_ _2\"></span>rument<span class=\"_ _2\"></span>s e<span class=\"_ _2\"></span>ntered<span class=\"_ _2\"></span> into w<span class=\"_ _2\"></span>ith<span class=\"_ _2\"></span> major<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nancial<span class=\"_ _2\"></span> inst<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>utions<span class=\"_ _2\"></span> and b<span class=\"_ _2\"></span>roke<span class=\"_ _2\"></span>rs fo<span class=\"_ _2\"></span>r he<span class=\"_ _2\"></span>dging<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Gr<span class=\"_ _2\"></span>oup\u2019<span class=\"ff18e ls2f ws70\">s<span class=\"_ _2\"></span> committed exp<span class=\"_ _2\"></span>osures, <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>or firm comm<span class=\"_ _2\"></span>itments with<span class=\"_ _2\"></span> major financ<span class=\"_ _2\"></span>ial credit in<span class=\"_ _2\"></span>stitutions, s<span class=\"_ _2\"></span>hipbuilders <span class=\"_ _2\"></span>and ship<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">rep<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span> yards<span class=\"_ _2\"></span>. </span></span>The<span class=\"ls1 ws0\"> </span><span class=\"ws50\">fair <span class=\"_ _2\"></span>values<span class=\"_ _2\"></span> o<span class=\"ff18f\">f<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span>\u2019s fo<span class=\"_ _2\"></span>rei<span class=\"_ _2\"></span>gn exc<span class=\"_ _2\"></span>hange<span class=\"_ _2\"></span> con<span class=\"_ _2\"></span>tracts<span class=\"_ _2\"></span></span><span class=\"ls59 ws95\">, </span></span>cross<span class=\"ls1 ws0\">-</span><span class=\"ws50\">curre<span class=\"_ _2\"></span>ncy i<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>rest <span class=\"_ _2\"></span>rate s<span class=\"_ _2\"></span>waps<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></span>and ca<span class=\"_ _2\"></span>rbon<span class=\"_ _2\"></span> emis<span class=\"_ _2\"></span>sions<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>rward c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>racts<span class=\"_ _2\"></span> are b<span class=\"_ _2\"></span>ased<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>thei<span class=\"_ _2\"></span>r est<span class=\"_ _2\"></span>im<span class=\"_ _2\"></span>ated m<span class=\"_ _2\"></span>arket <span class=\"_ _2\"></span>val<span class=\"_ _2\"></span>ues <span class=\"_ _2\"></span>as of November 30, 2025 and 2024<span class=\"ls2f ws75\">, respectively<span class=\"ls4c ws79\">. <span class=\"ls30 ws50\">Der<span class=\"_ _2\"></span>ivative<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al i<span class=\"_ _2\"></span>nstrum<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span> are m<span class=\"_ _2\"></span>eas<span class=\"_ _2\"></span>ured<span class=\"_ _2\"></span> using<span class=\"_ _2\"></span> </span></span></span>inputs<span class=\"_ _2\"></span> ot<span class=\"_ _2\"></span>her t<span class=\"_ _2\"></span>han q<span class=\"_ _2\"></span>uoted<span class=\"_ _2\"></span> value<span class=\"_ _2\"></span>s. <span class=\"_ _2\"></span>There h<span class=\"_ _2\"></span>ave<span class=\"_ _2\"></span> bee<span class=\"_ _2\"></span>n no c<span class=\"_ _2\"></span>hanges<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws52\">the<span class=\"ls1 ws0\"> </span></span>valuati<span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>techniq<span class=\"_ _2\"></span>ues<span class=\"_ _2\"></span> sinc<span class=\"_ _2\"></span>e November 30, 2024. <span class=\"ls1 ws0\"> </span>None of the<span class=\"_ _2\"></span> Group\u2019s deriv<span class=\"_ _2\"></span>ative activi<span class=\"_ _2\"></span>ties are publicly<span class=\"_ _2\"></span> traded fi<span class=\"_ _2\"></span>nancial ins<span class=\"_ _2\"></span>truments. Inst<span class=\"_ _2\"></span>ead, the financ<span class=\"_ _2\"></span>ial i<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>umen<span class=\"_ _2\"></span>ts h<span class=\"_ _2\"></span>ave be<span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>entered<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>o wi<span class=\"_ _2\"></span>th ma<span class=\"_ _2\"></span>jor fi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>ial <span class=\"_ _2\"></span>insti<span class=\"_ _2\"></span>tutio<span class=\"_ _2\"></span>ns a<span class=\"_ _2\"></span>nd b<span class=\"_ _2\"></span>rokers<span class=\"_ _2\"></span>. T<span class=\"_ _2\"></span>he Group<span class=\"_ _2\"></span> hold<span class=\"_ _2\"></span>s for<span class=\"_ _2\"></span>eign<span class=\"_ _2\"></span> exch<span class=\"_ _2\"></span>ange<span class=\"_ _2\"></span> forwa<span class=\"_ _2\"></span>rd co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>ts, c<span class=\"_ _2\"></span>omm<span class=\"_ _2\"></span>odity<span class=\"_ _2\"></span> con<span class=\"_ _2\"></span>trac<span class=\"_ _2\"></span>ts a<span class=\"_ _2\"></span>nd in<span class=\"_ _2\"></span>tere<span class=\"_ _2\"></span>st r<span class=\"_ _2\"></span>ate swap<span class=\"_ _2\"></span>s,<span class=\"_ _2\"></span> which<span class=\"_ _2\"></span> subje<span class=\"_ _2\"></span>ct t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup t<span class=\"_ _2\"></span>o a m<span class=\"_ _2\"></span>inim<span class=\"_ _2\"></span>um l<span class=\"_ _2\"></span>evel<span class=\"_ _2\"></span> of co<span class=\"_ _2\"></span>unterp<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ty risk<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> The G<span class=\"_ _2\"></span>roup d<span class=\"_ _2\"></span>oes<span class=\"_ _2\"></span> not<span class=\"_ _2\"></span> belie<span class=\"_ _2\"></span>ve t<span class=\"_ _2\"></span>hat <span class=\"_ _2\"></span>it has a<span class=\"_ _2\"></span> mater<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> expos<span class=\"_ _2\"></span>ure t<span class=\"_ _2\"></span>o c<span class=\"_ _2\"></span>redit<span class=\"_ _2\"></span> ris<span class=\"_ _2\"></span>k from<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>hird p<span class=\"_ _2\"></span>arti<span class=\"_ _2\"></span>es<span class=\"ls1 ws0\"> </span>faili<span class=\"_ _2\"></span>ng to<span class=\"_ _2\"></span> pe<span class=\"_ _2\"></span>rform<span class=\"_ _2\"></span> acco<span class=\"_ _2\"></span>rding<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> terms<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> hedge i<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>umen<span class=\"_ _2\"></span>ts. T<span class=\"_ _2\"></span>he<span class=\"ls1 ws0\"> <span class=\"ls48 ws2f\">cumulat<span class=\"_ _2\"></span>ive net (l<span class=\"_ _2\"></span>osses)<span class=\"_ _2\"></span> </span></span><span class=\"ws52\">gains<span class=\"_ _2\"></span> <span class=\"ls2f ws70\">recognised in eq<span class=\"_ _2\"></span>uity were as f<span class=\"_ _2\"></span>ollows at<span class=\"_ _2\"></span> </span></span>November 30, 2025 and 2024:<span class=\"ls1 ws0\"> </span><table class=\"s w16a h155\" id=\"_19444297-c551-4baf-9463-23fec75cb687\"><tr><td></td><td class=\"c x2bd y2e4f w68 he6\"><div class=\"t m0 x171 h82 y1e4c ff18e fs3b fc2 sc0 ls1 ws32\">As of November 30<span class=\"ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2e50 w14a h115\"><div class=\"t m0 x245 h82 y29a6 ff18e fs3b fc2 sc0 ls1 ws0\">(<span class=\"_ _195\"> </span></div><div class=\"t m0 x2a3 h82 y29a6 ff18e fs3b fc2 sc0 ls2d ws4a\">in<span class=\"ls1 ws0\"> <span class=\"ls1c ws30\">US </span>$ thousands</span><span class=\"ls1 ws0\">)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x2a2 y2e51 w48 h83\"><div class=\"t m0 x177 h85 y1ec8 ff190 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2e51 w48 h83\"><div class=\"t m0 x177 h82 y1ec8 ff18e fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e52 w64 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff18e fs3a fc2 sc0 ls26 ws3d\">Interest rate deriva<span class=\"_ _1\"></span>tives<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2e52 w25 h8a\"><div class=\"t m0 x181 h87 y1bf6 ff190 fs3a fc2 sc0 ls21 ws35\">(10,0<span class=\"_ _2\"></span>45)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2e52 w48 h8a\"><div class=\"t m0 x1ce h88 y1bf6 ff18e fs3a fc2 sc0 ls20 ws36\">(999)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e53 w64 h86\"><div class=\"t m0 x0 h88 y1c05 ff18e fs3a fc2 sc0 ls22 ws37\">Foreign excha<span class=\"_ _1\"></span>nge contracts<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2e53 w25 h86\"><div class=\"t m0 x179 h87 y1c05 ff190 fs3a fc2 sc0 ls21 ws35\">(1,13<span class=\"_ _2\"></span>3)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2e53 w48 h86\"><div class=\"t m0 x2d h88 y1c05 ff18f fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff18e\"> </span></div></td></tr><tr><td class=\"c x24b y2e54 w64 h86\"><div class=\"t m0 x0 h88 y1bde ff18e fs3a fc2 sc0 ls22 ws3e\">Cross<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls22 ws37\">currency interest ra<span class=\"_ _1\"></span>te swaps</span></span><span class=\"ls1 ws0\"><span class=\"ls22 ws37\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2a2 y2e54 w25 h86\"><div class=\"t m0 x179 h87 y1bde ff190 fs3a fc2 sc0 ls21 ws35\">(6,08<span class=\"_ _2\"></span>0)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2e54 w48 h86\"><div class=\"t m0 x179 h88 y1bde ff18e fs3a fc2 sc0 ls20 ws36\">(4,104)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e55 w64 h8a\"><div class=\"t m0 x0 h88 y1be0 ff18e fs3a fc2 sc0 ls26 ws3d\">Foreign exchang<span class=\"_ _1\"></span>e and interest rate hedges<span class=\"_ _1\"></span> held by joint ventures <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2e55 w25 h8a\"><div class=\"t m0 x179 h87 y1be0 ff190 fs3a fc2 sc0 ls21 ws35\">(1,33<span class=\"_ _2\"></span>8)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2e55 w48 h8a\"><div class=\"t m0 x184 h88 y1be0 ff18e fs3a fc2 sc0 ls20 ws36\">2,612<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e56 w64 h86\"><div class=\"t m0 x0 h88 y1bde ff18e fs3a fc2 sc0 ls26 ws3d\">Deferred incom<span class=\"_ _1\"></span>e tax gain on the interest rate deriva<span class=\"_ _1\"></span>tives<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2e56 w48 h86\"><div class=\"t m0 x185 h87 y1bde ff190 fs3a fc2 sc0 ls21 ws35\">1,9<span class=\"ls1 ws0\">44</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2e56 w48 h86\"><div class=\"t m0 x184 h88 y1bde ff18e fs3a fc2 sc0 ls20 ws36\">1,367<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2a2 y2e57 w25 h86\"><div class=\"t m0 x181 h87 y1be4 ff190 fs3a fc2 sc0 ls21 ws35\">(16,6<span class=\"_ _2\"></span>52)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2e57 w48 h86\"><div class=\"t m0 x179 h88 y1be4 ff18e fs3a fc2 sc0 ls20 ws36\">(1,124)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>Fore<span class=\"ls58 ws88\">ign currency<span class=\"ls1 ws0\"> </span></span>The f<span class=\"_ _2\"></span>ollowi<span class=\"_ _2\"></span>ng f<span class=\"_ _2\"></span>oreig<span class=\"_ _2\"></span>n exc<span class=\"_ _2\"></span>hange<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>ts, <span class=\"ws52\">m<span class=\"_ _2\"></span>aturi<span class=\"_ _2\"></span>ng <span class=\"ls2f ws4e\">in<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">Nov<span class=\"_ _1\"></span>embe<span class=\"_ _2\"></span>r 2026, were outstanding<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">as of </span></span></span></span></span></span>Novemb<span class=\"_ _2\"></span>er<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">30, 2025 and 2024:</span> </span><table class=\"s w1a1 h156\" id=\"_104a18dd-f818-420f-96f7-85f2f550a814\"><tr><td></td><td class=\"c x373 y2e58 wd6 he6\"><div class=\"t m0 x184 h82 y1c8e ff18e fs3b fc2 sc0 ls1e ws32\">Purchase<span class=\"ls1 ws0\"> (sale) </span></div></td><td></td></tr><tr><td class=\"c x246 y2e59 w1a2 h103\"><div class=\"t m0 x245 h82 y29a6 ff18e fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2f3 h82 y29a6 ff18e fs3b fc2 sc0 ls1e ws2f\">local currency, th<span class=\"_ _1\"></span>ousands)<span class=\"_ _195\"> </span></div></td><td class=\"c x373 y2e5a w48 h83\"><div class=\"t m0 x177 h85 y246c ff190 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2e5a w2a h83\"><div class=\"t m0 x177 h82 y246c ff18e fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e5b wd5 h86\"><div class=\"t m0 x0 h88 y1bef ff18e fs3a fc2 sc0 ls20 ws36\">Euro<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x373 y2e5b w48 h86\"><div class=\"t m0 x179 h87 y1bef ff190 fs3a fc2 sc0 ls23 ws39\">89,549<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2e5b w2a h86\"><div class=\"t m0 x183 h88 y1bef ff18e fs3a fc2 sc0 ls20 ws36\">69,000<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e5c wd5 h8c\"><div class=\"t m0 x0 h88 y1c4d ff18e fs3a fc2 sc0 ls29 ws42\">Singapore dollar<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x373 y2e5c w48 h8c\"><div class=\"t m0 x179 h87 y1c4d ff190 fs3a fc2 sc0 ls23 ws39\">26,545<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2e5c w2a h8c\"><div class=\"t m0 x183 h88 y1c4d ff18e fs3a fc2 sc0 ls20 ws36\">20,000<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e5d wd5 h89\"><div class=\"t m0 x0 h88 y1bfa ff18e fs3a fc2 sc0 ls29 ws42\">Australian dollar<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x373 y2e5d w48 h89\"><div class=\"t m0 x179 h87 y1bfa ff190 fs3a fc2 sc0 ls23 ws39\">22,000<span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x241 y2e5e wd5 h8b\"><div class=\"t m0 x0 h88 y1bf8 ff18e fs3a fc2 sc0 ls24 ws3a\">British pound<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x373 y2e5e w48 h8b\"><div class=\"t m0 x179 h87 y1bf8 ff190 fs3a fc2 sc0 ls23 ws39\">15,800<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2e5e w2a h8b\"><div class=\"t m0 x183 h88 y1bf8 ff18e fs3a fc2 sc0 ls20 ws36\">18,000<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e5f wd5 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff18e fs3a fc2 sc0 ls22 ws37\">Norwegi<span class=\"_ _1\"></span>an krone<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x373 y2e5f w25 h8a\"><div class=\"t m0 x17b h87 y1bf6 ff190 fs3a fc2 sc0 ls21 ws35\">(237,<span class=\"_ _2\"></span>267)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2e5f w2a h8a\"><div class=\"t m0 x181 h88 y1bf6 ff18e fs3a fc2 sc0 ls20 ws36\">327,000<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>The US dolla<span class=\"_ _2\"></span>r equivalent o<span class=\"_ _2\"></span>f the c<span class=\"_ _2\"></span>urrencies<span class=\"ls59 ws95\">, <span class=\"ls30 ws50\">which<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> had c<span class=\"_ _2\"></span>ontrac<span class=\"_ _2\"></span>ted <span class=\"_ _2\"></span>to p<span class=\"_ _2\"></span>urch<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span><span class=\"ls1 ws0\">,<span class=\"_ _1\"></span> <span class=\"ls30 ws52\">was </span></span></span></span>$<span class=\"ls31 ws53\">159</span>.<span class=\"_ _1\"></span><span class=\"ls31 ws53\">6 <span class=\"ls2f ws70\">million and $</span>139<span class=\"ls2f ws70\">.6 millio<span class=\"_ _2\"></span>n as<span class=\"ls1 ws0\"> <span class=\"ls4a ws76\">of</span> </span><span class=\"ws4e\">November<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">30, 2025 <span class=\"_ _2\"></span>and 2024, resp<span class=\"ls2f ws4e\">ectively.<span class=\"ls1 ws0\"> </span><span class=\"ws70\">The US do<span class=\"_ _2\"></span>llar </span></span></span></span></span></span></span>equiv<span class=\"_ _2\"></span>alent<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>ncies<span class=\"_ _2\"></span><span class=\"ls49 ws78\">, <span class=\"_ _1\"></span><span class=\"ls30 ws50\">w<span class=\"_ _2\"></span>hic<span class=\"_ _2\"></span>h the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up had<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>ted <span class=\"_ _2\"></span>to <span class=\"ls2f ws4e\">sell,<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">w<span class=\"_ _2\"></span>as $<span class=\"ls31 ws53\">23.5. <span class=\"ls2f ws75\">million and <span class=\"ls4b ws77\">Nil<span class=\"ls1 ws0\"> </span></span></span></span></span></span></span></span></span>as<span class=\"ls1 ws0\"> <span class=\"ls4a ws76\">of</span> <span class=\"ls2f ws4e\">N<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>vember<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">30, 2025 and 2024, resp</span></span>ectively.<span class=\"ls1 ws0\"> </span></span></span>The Gr<span class=\"_ _1\"></span>oup util<span class=\"_ _1\"></span>ises for<span class=\"_ _1\"></span>eign cur<span class=\"_ _1\"></span>renc<span class=\"_ _1\"></span>y derivat<span class=\"_ _1\"></span>ives to<span class=\"_ _1\"></span> hedge c<span class=\"_ _1\"></span>ommitte<span class=\"_ _1\"></span>d and fo<span class=\"_ _1\"></span>recast<span class=\"_ _1\"></span>ed cash <span class=\"ls86 wsdb\">flow<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls6f wsb1\">exposur<span class=\"_ _1\"></span>es. <span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></span></span></span>The Group has<span class=\"_ _2\"></span> elected <span class=\"_ _2\"></span><span class=\"ls31 ws81\">to apply <span class=\"ls4a ws76\">non<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">hedg<span class=\"_ _2\"></span>e acc<span class=\"_ _2\"></span>ou<span class=\"_ _2\"></span>nting <span class=\"_ _2\"></span>treatm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> for <span class=\"_ _2\"></span><span class=\"ws52\">all<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ws50\">co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>ts.<span class=\"_ _2\"></span> Gai<span class=\"_ _2\"></span>ns and<span class=\"_ _2\"></span> loss<span class=\"_ _2\"></span>es </span></span></span></span></span></span>on hedg<span class=\"_ _2\"></span>es of<span class=\"_ _2\"></span> com<span class=\"_ _2\"></span>mitte<span class=\"_ _2\"></span>d co<span class=\"_ _2\"></span>mm<span class=\"_ _2\"></span>ercial<span class=\"_ _2\"></span> trans<span class=\"_ _2\"></span>acti<span class=\"_ _2\"></span>ons <span class=\"_ _2\"></span>are r<span class=\"_ _2\"></span>ecord<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>as a <span class=\"_ _2\"></span>forei<span class=\"_ _2\"></span>gn ex<span class=\"_ _2\"></span>change<span class=\"_ _2\"></span> gai<span class=\"_ _2\"></span>n or<span class=\"_ _2\"></span> loss.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Interest rate and cro<span class=\"_ _2\"></span>ss<span class=\"ls1 ws0\">-</span>currency inter<span class=\"_ _2\"></span>est rate swaps<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The Gr<span class=\"_ _2\"></span>oup h<span class=\"_ _2\"></span>ad i<span class=\"_ _2\"></span>ntere<span class=\"_ _2\"></span>st r<span class=\"_ _2\"></span>ate a<span class=\"_ _2\"></span>nd c<span class=\"_ _2\"></span>ross<span class=\"ls1 ws0\">-</span><span class=\"ws4f\">curre<span class=\"_ _2\"></span>ncy i<span class=\"_ _2\"></span>nteres<span class=\"_ _2\"></span>t rate sw<span class=\"_ _2\"></span>aps wit<span class=\"_ _2\"></span>h noti<span class=\"_ _2\"></span>onal<span class=\"_ _2\"></span> <span class=\"ls2f ws75\">values of <span class=\"ls1 ws0\"> </span></span></span>$<span class=\"ls31 ws53\">662.5 <span class=\"_ _3\"></span><span class=\"ls2f ws70\">m<span class=\"_ _2\"></span>illion and $<span class=\"ls31 ws53\">477.3<span class=\"ls1 ws0\"> </span></span><span class=\"ws75\">million as<span class=\"ls1 ws0\"> o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span><span class=\"ls31 ws51\">November 30, 2025 <span class=\"_ _2\"></span>and 2024, re<span class=\"ls2f ws70\">spectively.<span class=\"_ _2\"></span> These </span></span></span></span></span></span>derivatives have<span class=\"_ _2\"></span> been designate<span class=\"_ _2\"></span>d as cash flow<span class=\"_ _2\"></span> hedges.<span class=\"_ _2\"></span> For the y<span class=\"_ _2\"></span>ears ended <span class=\"_ _2\"></span><span class=\"ls31 ws51\">November 30, 2025 </span>and 2024<span class=\"ls49 ws78\">, <span class=\"ls47 ws71\">a <span class=\"_ _1\"></span><span class=\"ls1 ws0\">$<span class=\"ls31 ws53\">5.3 <span class=\"_ _3\"></span><span class=\"ls2f ws4e\">m<span class=\"_ _2\"></span>illion<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">and <span class=\"ls47 ws71\">a <span class=\"_ _1\"></span><span class=\"ls1 ws0\">$<span class=\"ls48 ws72\">5.0</span> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">millio<span class=\"_ _2\"></span>n gain, <span class=\"_ _2\"></span>respectively, we<span class=\"_ _2\"></span>re recognised i<span class=\"_ _2\"></span>n finance ex<span class=\"_ _2\"></span>pense. </span></span></span></span></span></span></span></span></span></span>Any remaining <span class=\"_ _2\"></span>amounts c<span class=\"_ _2\"></span>urrently in o<span class=\"_ _2\"></span>ther comprehens<span class=\"_ _2\"></span>ive income a<span class=\"_ _2\"></span>re expected to<span class=\"_ _2\"></span> be reclassif<span class=\"_ _2\"></span>ied to earnings between 2025 and 2030.<span class=\"ls1 ws0\"> </span>Matu<span class=\"_ _2\"></span>rity of f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial <span class=\"ls6d wsa9\">liabilit<span class=\"_ _1\"></span>ies<span class=\"ls1 ws0\">  </span></span><table class=\"s w17b h157\" id=\"_21c836a0-bbb1-4911-90c3-b06bf8ee7312\"><tr><td class=\"c x246 y2e61 w1a3 h158\"><div class=\"t m0 x245 h85 y2c8b ff193 fs3b fc2 sc0 ls65 ws9b\">For the yea<span class=\"_ _2\"></span>r ended <span class=\"_ _2\"></span>November 3<span class=\"_ _2\"></span>0, 20<span class=\"_ _195\"> </span></div><div class=\"t m0 x393 h85 y2e60 ff193 fs3b fc2 sc0 ls1b ws2f\">25<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x394 h85 y2e62 ff193 fs3b fc2 sc0 ls87 wsdc\">Less<span class=\"ls1 ws0\"> than<span class=\"_ _195\"> </span></span></td><td></td><td></td><td class=\"t m0 x38e h85 y2e62 ff193 fs3b fc2 sc0 ls65 ws99\">More<span class=\"ls1 ws0\"> than<span class=\"_ _195\"> </span></span></td><td></td></tr><tr><td class=\"c x24b y2e63 wd7 hb6\"><div class=\"t m0 x0 h85 y1c8e ff193 fs3b fc2 sc0 ls1 ws0\">(<span class=\"ls65 ws99\"></span><span class=\"ls65 ws99\">in</span> US $ thousands) </div></td><td class=\"c x29e y2e63 w54 hb6\"><div class=\"t m0 x15 h85 y1c8c ff193 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x1be h85 y1c8e ff193 fs3b fc2 sc0 ls1 ws0\">1 <span class=\"ls19 ws2d\">yr</span> </div></td><td class=\"c x29f y2e63 w34 hb6\"><div class=\"t m0 x185 h85 y1c8b ff193 fs3b fc2 sc0 ls1 ws0\">2-3 <span class=\"ls7c wsc3\">yrs</span> </div></td><td class=\"c x2fb y2e63 w20 hb6\"><div class=\"t m0 x185 h85 y1c8b ff193 fs3b fc2 sc0 ls1 ws0\">4-5 <span class=\"ls7c wsc3\">yrs</span> </div></td><td class=\"c x2a1 y2e63 w20 hb6\"><div class=\"t m0 x15 h85 y1c8c ff193 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x177 h85 y1c8e ff193 fs3b fc2 sc0 ls1 ws0\">5 <span class=\"ls7c wsc3\">yrs</span> </div></td><td class=\"c x2fa y2e63 w55 hb6\"><div class=\"t m0 x177 h85 y1c8b ff193 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2e64 wd7 h86\"><div class=\"t m0 x0 h87 y1c4c ff193 fs3a fc2 sc0 ls2c ws5a\">Contractual obligations<span class=\"_ _1\"></span>:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e65 wd7 h86\"><div class=\"t m0 x0 h88 y1bef ff194 fs3a fc2 sc0 ls24 ws3a\">Accounts payable, excluding withholding and value<span class=\"ls1 ws0\">-<span class=\"ls28\">added<span class=\"_ _2\"></span> taxe<span class=\"_ _2\"></span>s</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e65 w54 h86\"><div class=\"t m0 x180 h87 y1bef ff193 fs3a fc2 sc0 ls21 ws35\">117,<span class=\"_ _2\"></span>080<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e65 w34 h86\"><div class=\"t m0 x2d h87 y1bef ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fb y2e65 w20 h86\"><div class=\"t m0 x2d h87 y1bef ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2a1 y2e65 w20 h86\"><div class=\"t m0 x2d h87 y1bef ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e65 w55 h86\"><div class=\"t m0 x180 h87 y1bef ff193 fs3a fc2 sc0 ls21 ws35\">117,<span class=\"_ _2\"></span>080<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e66 wd7 h8a\"><div class=\"t m0 x0 h88 y1bff ff194 fs3a fc2 sc0 ls28 ws0\">Accr<span class=\"_ _2\"></span>ued e<span class=\"_ _2\"></span>xpens<span class=\"_ _2\"></span>es and di<span class=\"_ _2\"></span>viden<span class=\"_ _2\"></span>d pay<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span><span class=\"ls29 ws42\">, excluding<span class=\"_ _2\"></span> contr<span class=\"_ _2\"></span>act liabilities</span><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span><span class=\"ls1\">  </span></div></td><td class=\"c x29e y2e66 w54 h8a\"><div class=\"t m0 x180 h87 y1bff ff193 fs3a fc2 sc0 ls21 ws35\">361,<span class=\"_ _2\"></span>461<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e66 w34 h8a\"><div class=\"t m0 x2d h87 y1bff ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fb y2e66 w20 h8a\"><div class=\"t m0 x2d h87 y1bff ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2a1 y2e66 w20 h8a\"><div class=\"t m0 x2d h87 y1bff ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e66 w55 h8a\"><div class=\"t m0 x180 h87 y1bff ff193 fs3a fc2 sc0 ls21 ws35\">361,<span class=\"_ _2\"></span>461<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e67 wd7 h86\"><div class=\"t m0 x0 h88 y1bfa ff194 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease<span class=\"_ _2\"></span> liabilities,<span class=\"_ _2\"></span> includ<span class=\"_ _2\"></span>ing curr<span class=\"_ _2\"></span>ent maturit<span class=\"_ _2\"></span>ies</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e67 w54 h86\"><div class=\"t m0 x179 h87 y1bfa ff193 fs3a fc2 sc0 ls23 ws39\">75,032<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e67 w34 h86\"><div class=\"t m0 x180 h87 y1bfa ff193 fs3a fc2 sc0 ls21 ws35\">105,<span class=\"_ _2\"></span>225<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e67 w20 h86\"><div class=\"t m0 x179 h87 y1bfa ff193 fs3a fc2 sc0 ls23 ws39\">62,792<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e67 w20 h86\"><div class=\"t m0 x180 h87 y1bfa ff193 fs3a fc2 sc0 ls21 ws35\">159,<span class=\"_ _2\"></span>139<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e67 w55 h86\"><div class=\"t m0 x180 h87 y1bfa ff193 fs3a fc2 sc0 ls21 ws35\">402,<span class=\"_ _2\"></span>188<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e68 wd7 h86\"><div class=\"t m0 x0 h88 y1bf8 ff194 fs3a fc2 sc0 ls24 ws3a\">Interest on long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease l<span class=\"_ _2\"></span>iabilities</span></span><span class=\"ls1 ws0\"><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span> </span></div></td><td class=\"c x29e y2e68 w54 h86\"><div class=\"t m0 x179 h87 y1bf8 ff193 fs3a fc2 sc0 ls23 ws39\">20,426<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e68 w34 h86\"><div class=\"t m0 x179 h87 y1bf8 ff193 fs3a fc2 sc0 ls23 ws39\">29,249<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e68 w20 h86\"><div class=\"t m0 x179 h87 y1bf8 ff193 fs3a fc2 sc0 ls23 ws39\">19,878<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e68 w20 h86\"><div class=\"t m0 x179 h87 y1bf8 ff193 fs3a fc2 sc0 ls27 ws3f\">73<span class=\"ls23 ws39\">,524</span><span class=\"ls23 ws39\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2fa y2e68 w55 h86\"><div class=\"t m0 x180 h87 y1bf8 ff193 fs3a fc2 sc0 ls21 ws35\">143,<span class=\"_ _2\"></span>077<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e69 wd7 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff194 fs3a fc2 sc0 ls22 ws3e\">Short<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls24 ws3a\">term bank loans</span></span><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x29e y2e69 w54 h8a\"><div class=\"t m0 x179 h87 y1bf6 ff193 fs3a fc2 sc0 ls23 ws39\">65,000<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e69 w34 h8a\"><div class=\"t m0 x2d h87 y1bf6 ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fb y2e69 w20 h8a\"><div class=\"t m0 x2d h87 y1bf6 ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2a1 y2e69 w20 h8a\"><div class=\"t m0 x2d h87 y1bf6 ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e69 w55 h8a\"><div class=\"t m0 x179 h87 y1bf6 ff193 fs3a fc2 sc0 ls23 ws39\">65,000<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6a wd7 h8b\"><div class=\"t m0 x0 h88 y1c05 ff194 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls2a ws5a\">term de<span class=\"_ _2\"></span>bt<span class=\"_ _2\"></span></span>, <span class=\"_ _3\"></span><span class=\"ls24 ws3a\">including<span class=\"_ _2\"></span> current maturities</span></span><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x29e y2e6a w54 h8b\"><div class=\"t m0 x180 h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">296,<span class=\"_ _2\"></span>550<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6a w34 h8b\"><div class=\"t m0 x180 h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">652,<span class=\"_ _2\"></span>276<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e6a w20 h8b\"><div class=\"t m0 x180 h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">564,<span class=\"_ _2\"></span>356<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e6a w20 h8b\"><div class=\"t m0 x180 h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">638,<span class=\"_ _2\"></span>888<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e6a w55 h8b\"><div class=\"t m0 x17a h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">2,15<span class=\"_ _2\"></span>2,070<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6b wd7 h86\"><div class=\"t m0 x0 h88 y1bde ff194 fs3a fc2 sc0 ls24 ws3a\">Interest on long<span class=\"ls1 ws0\">-<span class=\"ls26 ws3d\">term deb<span class=\"_ _1\"></span>t</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x29e y2e6b w54 h86\"><div class=\"t m0 x180 h87 y1bde ff193 fs3a fc2 sc0 ls21 ws35\">110,<span class=\"_ _2\"></span>090<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6b w34 h86\"><div class=\"t m0 x180 h87 y1bde ff193 fs3a fc2 sc0 ls21 ws35\">182,<span class=\"_ _2\"></span>387<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e6b w20 h86\"><div class=\"t m0 x180 h87 y1bde ff193 fs3a fc2 sc0 ls21 ws35\">118,<span class=\"_ _2\"></span>276<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e6b w20 h86\"><div class=\"t m0 x179 h87 y1bde ff193 fs3a fc2 sc0 ls23 ws39\">96,926<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e6b w55 h86\"><div class=\"t m0 x180 h87 y1bde ff193 fs3a fc2 sc0 ls21 ws35\">507,<span class=\"_ _2\"></span>679<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6c wd7 h8a\"><div class=\"t m0 x0 h88 y1be0 ff194 fs3a fc2 sc0 ls29 ws42\">Derivative f<span class=\"_ _2\"></span>inancial lia<span class=\"_ _2\"></span>bilities<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e6c w54 h8a\"><div class=\"t m0 x185 h87 y1be0 ff193 fs3a fc2 sc0 ls21 ws35\">4,70<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6c w34 h8a\"><div class=\"t m0 x185 h87 y1be0 ff193 fs3a fc2 sc0 ls21 ws35\">7,04<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e6c w20 h8a\"><div class=\"t m0 x185 h87 y1be0 ff193 fs3a fc2 sc0 ls21 ws35\">6,98<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e6c w20 h8a\"><div class=\"t m0 x2d h87 y1be0 ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e6c w55 h8a\"><div class=\"t m0 x179 h87 y1be0 ff193 fs3a fc2 sc0 ls23 ws39\">18,730<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6d wd7 h86\"><div class=\"t m0 x0 h88 y1bde ff194 fs3a fc2 sc0 ls24 ws3a\">Other current<span class=\"ls1 ws0\"> <span class=\"ls29 ws44\">liabilities</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e6d w54 h86\"><div class=\"t m0 x179 h87 y1bde ff193 fs3a fc2 sc0 ls23 ws39\">42,918<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6d w34 h86\"><div class=\"t m0 x2d h87 y1bde ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fb y2e6d w20 h86\"><div class=\"t m0 x2d h87 y1bde ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2a1 y2e6d w20 h86\"><div class=\"t m0 x2d h87 y1bde ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e6d w55 h86\"><div class=\"t m0 x179 h87 y1bde ff193 fs3a fc2 sc0 ls23 ws39\">42,918<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6e wd7 h86\"><div class=\"t m0 x0 h87 y1be4 ff193 fs3a fc2 sc0 ls25 ws4d\">Total contractual obligations<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e6e w54 h86\"><div class=\"t m0 x17a h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">1,09<span class=\"_ _2\"></span>3,258<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6e w34 h86\"><div class=\"t m0 x180 h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">976,<span class=\"_ _2\"></span>182<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e6e w20 h86\"><div class=\"t m0 x180 h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">772,<span class=\"_ _2\"></span>286<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e6e w20 h86\"><div class=\"t m0 x180 h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">968,<span class=\"_ _2\"></span>477<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e6e w55 h86\"><div class=\"t m0 x17a h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">3,81<span class=\"_ _2\"></span>0,203<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table><table class=\"s w17b h159\" id=\"_7e447562-4eb7-427c-92a7-a51fc0881bd2\"><tr><td class=\"c x246 y2e6f w1a4 h115\"><div class=\"t m0 x245 h82 y29a6 ff194 fs3b fc2 sc0 ls1 ws32\">For the year<span class=\"_ _195\"> </span></div><div class=\"t m0 x395 h82 y29a6 ff194 fs3b fc2 sc0 ls1 ws0\">ended November <span class=\"ls69 wsa2\">30, 2024<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x394 h82 y2e70 ff194 fs3b fc2 sc0 ls7c wsc3\">Less<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">than<span class=\"_ _195\"> </span></span></span></td><td></td><td></td><td class=\"t m0 x38e h82 y2e70 ff194 fs3b fc2 sc0 ls65 ws99\">More<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">tha<span class=\"_ _2\"></span>n<span class=\"_ _195\"> </span></span></span></td><td></td></tr><tr><td class=\"c x24b y2e71 wd7 hc6\"><div class=\"t m0 x0 h82 y1c51 ff194 fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"c x29e y2e71 w54 hc6\"><div class=\"t m0 x15 h82 y2486 ff194 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x19f h82 y1d6f ff194 fs3b fc2 sc0 ls1 ws0\">1 <span class=\"ls69 wsbc\">yr</span> </div></td><td class=\"c x29f y2e71 w34 hc6\"><div class=\"t m0 x184 h82 y22db ff194 fs3b fc2 sc0 ls1 ws0\">2-3 <span class=\"ls69 wsbc\">yrs</span> </div></td><td class=\"c x2fb y2e71 w20 hc6\"><div class=\"t m0 x184 h82 y22db ff194 fs3b fc2 sc0 ls1 ws0\">4-5 <span class=\"ls69 wsbc\">yrs</span> </div></td><td class=\"c x2a1 y2e71 w20 hc6\"><div class=\"t m0 x15 h82 y2486 ff194 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x1a0 h82 y1d6f ff194 fs3b fc2 sc0 ls1 ws0\">5 <span class=\"ls69 wsbc\">yrs</span> </div></td><td class=\"c x2fa y2e71 w55 hc6\"><div class=\"t m0 x177 h82 y22db ff194 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2e72 wd7 h8a\"><div class=\"t m0 x0 h87 y1bf6 ff193 fs3a fc2 sc0 ls2c ws5a\">Contractual obligations<span class=\"_ _1\"></span>:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e73 wd7 h86\"><div class=\"t m0 x0 h88 y1bf8 ff194 fs3a fc2 sc0 ls24 ws3a\">Accounts payable, excluding withholding and value<span class=\"ls1 ws0\">-<span class=\"ls28\">added<span class=\"_ _2\"></span> taxe<span class=\"_ _2\"></span>s</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e73 w54 h86\"><div class=\"t m0 x183 h88 y1bf8 ff194 fs3a fc2 sc0 ls20 ws36\">88,320<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e73 w34 h86\"><div class=\"t m0 x2d h88 y1bf8 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fb y2e73 w20 h86\"><div class=\"t m0 x2d h88 y1bf8 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2a1 y2e73 w20 h86\"><div class=\"t m0 x2d h88 y1bf8 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fa y2e73 w55 h86\"><div class=\"t m0 x183 h88 y1bf8 ff194 fs3a fc2 sc0 ls20 ws36\">88,320<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e74 wd7 h86\"><div class=\"t m0 x0 h88 y1bde ff194 fs3a fc2 sc0 ls28 ws0\">Accr<span class=\"_ _2\"></span>ued e<span class=\"_ _2\"></span>xpens<span class=\"_ _2\"></span>es and di<span class=\"_ _2\"></span>viden<span class=\"_ _2\"></span>d pay<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span><span class=\"ls29 ws42\">, excluding<span class=\"_ _2\"></span> contr<span class=\"_ _2\"></span>act liabilities</span><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span><span class=\"ls1\">  </span></div></td><td class=\"c x29e y2e74 w54 h86\"><div class=\"t m0 x181 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">379,749<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e74 w34 h86\"><div class=\"t m0 x2d h88 y1bde ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fb y2e74 w20 h86\"><div class=\"t m0 x2d h88 y1bde ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2a1 y2e74 w20 h86\"><div class=\"t m0 x2d h88 y1bde ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fa y2e74 w55 h86\"><div class=\"t m0 x181 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">379,749<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e75 wd7 ha4\"><div class=\"t m0 x0 h88 y1be0 ff194 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease<span class=\"_ _2\"></span> liabilities,<span class=\"_ _2\"></span> includ<span class=\"_ _2\"></span>ing curr<span class=\"_ _2\"></span>ent maturit<span class=\"_ _2\"></span>ies</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e75 w54 ha4\"><div class=\"t m0 x183 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">58,581<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e75 w34 ha4\"><div class=\"t m0 x183 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">83,169<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e75 w20 ha4\"><div class=\"t m0 x183 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">51,368<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e75 w20 ha4\"><div class=\"t m0 x181 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">150,893<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e75 w55 ha4\"><div class=\"t m0 x181 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">344,011<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e76 wd7 h86\"><div class=\"t m0 x0 h88 y1bde ff194 fs3a fc2 sc0 ls24 ws3a\">Interest on long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease l<span class=\"_ _2\"></span>iabilities</span></span><span class=\"ls1 ws0\"><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span> </span></div></td><td class=\"c x29e y2e76 w54 h86\"><div class=\"t m0 x183 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">17,267<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e76 w34 h86\"><div class=\"t m0 x183 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">26,459<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e76 w20 h86\"><div class=\"t m0 x183 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">18,551<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e76 w20 h86\"><div class=\"t m0 x183 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">73,010<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e76 w55 h86\"><div class=\"t m0 x181 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">135,287<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e77 wd7 h86\"><div class=\"t m0 x0 h88 y1c05 ff194 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls24 ws3a\">term debt, including current<span class=\"_ _2\"></span> maturities</span></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span> </span></div></td><td class=\"c x29e y2e77 w54 h86\"><div class=\"t m0 x181 h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">200,446<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e77 w34 h86\"><div class=\"t m0 x181 h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">506,426<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e77 w20 h86\"><div class=\"t m0 x181 h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">605,365<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e77 w20 h86\"><div class=\"t m0 x181 h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">548,260<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e77 w55 h86\"><div class=\"t m0 x17b h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">1,860,497<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e78 wd7 h8a\"><div class=\"t m0 x0 h88 y1be6 ff194 fs3a fc2 sc0 ls24 ws3a\">Interest on long<span class=\"ls1 ws0\">-<span class=\"ls26 ws3d\">term deb<span class=\"_ _1\"></span>t</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x29e y2e78 w54 h8a\"><div class=\"t m0 x181 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">103,040<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e78 w34 h8a\"><div class=\"t m0 x181 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">170,949<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e78 w20 h8a\"><div class=\"t m0 x181 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">114,561<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e78 w20 h8a\"><div class=\"t m0 x183 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">93,865<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e78 w55 h8a\"><div class=\"t m0 x181 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">482,415<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e79 wd7 h86\"><div class=\"t m0 x0 h88 y1be4 ff194 fs3a fc2 sc0 ls29 ws42\">Derivative f<span class=\"_ _2\"></span>inancial lia<span class=\"_ _2\"></span>bilities<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e79 w54 h86\"><div class=\"t m0 x184 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">1,616<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e79 w34 h86\"><div class=\"t m0 x184 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">6,688<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e79 w20 h86\"><div class=\"t m0 x184 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">5,489<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e79 w20 h86\"><div class=\"t m0 x1a0 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">447<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e79 w55 h86\"><div class=\"t m0 x183 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">14,240<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e7a wd7 h86\"><div class=\"t m0 x0 h88 y1be2 ff194 fs3a fc2 sc0 ls24 ws3a\">Other current<span class=\"ls1 ws0\"> <span class=\"ls29 ws44\">liabilities</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e7a w54 h86\"><div class=\"t m0 x183 h88 y1be2 ff194 fs3a fc2 sc0 ls20 ws36\">56,031<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e7a w34 h86\"><div class=\"t m0 x2d h88 y1be2 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fb y2e7a w20 h86\"><div class=\"t m0 x2d h88 y1be2 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2a1 y2e7a w20 h86\"><div class=\"t m0 x2d h88 y1be2 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fa y2e7a w55 h86\"><div class=\"t m0 x183 h88 y1be2 ff194 fs3a fc2 sc0 ls20 ws36\">56,031<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e7b wd7 h8a\"><div class=\"t m0 x0 h87 y1c79 ff193 fs3a fc2 sc0 ls25 ws4d\">Total contractual obligations<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e7b w54 h8a\"><div class=\"t m0 x181 h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">905,050<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e7b w34 h8a\"><div class=\"t m0 x181 h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">793,691<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e7b w20 h8a\"><div class=\"t m0 x181 h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">795,334<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e7b w20 h8a\"><div class=\"t m0 x181 h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">866,475<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e7b w55 h8a\"><div class=\"t m0 x17b h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">3,360,550<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>Long<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">term debt i<span class=\"_ _2\"></span>n the table <span class=\"_ _2\"></span>above ex<span class=\"_ _2\"></span>cludes debt i<span class=\"_ _2\"></span>ssuance cost<span class=\"_ _2\"></span>s of $17<span class=\"_ _2\"></span>.7 million <span class=\"_ _2\"></span>as of bot<span class=\"_ _2\"></span>h Novemb<span class=\"_ _2\"></span>er</span> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">30, 2025 <span class=\"_ _2\"></span>and 2024<span class=\"ls2f ws70\">. Derivat<span class=\"_ _2\"></span>ive financial liabil<span class=\"_ _2\"></span>ities are<span class=\"_ _2\"></span> stated at<span class=\"_ _2\"></span> future undisco<span class=\"_ _2\"></span>unted cash f<span class=\"_ _2\"></span>lows; </span></span></span>theref<span class=\"_ _2\"></span>ore<span class=\"_ _2\"></span>, they<span class=\"_ _2\"></span> do<span class=\"_ _2\"></span> not ag<span class=\"_ _2\"></span>ree <span class=\"_ _2\"></span>to th<span class=\"_ _2\"></span>e bal<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> sheet<span class=\"_ _2\"></span>.<span class=\"_ _195\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-697": {
   "value": "Acc<span class=\"_ _1\"></span>ounting<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>polic<span class=\"_ _1\"></span>y for<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>deriv<span class=\"_ _1\"></span>ative a<span class=\"_ _1\"></span>ssets and<span class=\"_ _1\"></span> liabilit<span class=\"_ _1\"></span>ies<span class=\"ls1 ws0\"> </span>The G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> en<span class=\"_ _2\"></span>ter<span class=\"_ _2\"></span>s int<span class=\"_ _2\"></span>o for<span class=\"_ _2\"></span>ward<span class=\"_ _2\"></span> ex<span class=\"_ _2\"></span>chang<span class=\"_ _2\"></span>e c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span>s to<span class=\"_ _2\"></span> hedg<span class=\"_ _2\"></span>e f<span class=\"_ _2\"></span>orei<span class=\"_ _2\"></span>gn c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>nc<span class=\"_ _2\"></span>y tr<span class=\"_ _2\"></span>ans<span class=\"_ _2\"></span>actio<span class=\"_ _2\"></span>ns,<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st ra<span class=\"_ _1\"></span>te sw<span class=\"_ _1\"></span>aps to<span class=\"_ _1\"></span> hed<span class=\"_ _1\"></span>ge the<span class=\"_ _1\"></span> ris<span class=\"_ _1\"></span>k of<span class=\"ls1 ws0\"> <span class=\"ls54 ws70\">va<span class=\"_ _1\"></span>riability <span class=\"_ _2\"></span>of interest<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">p<span class=\"_ _2\"></span>aym<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span>, cr<span class=\"_ _2\"></span>oss<span class=\"ls1 ws0\">-</span><span class=\"ws7c\">curr<span class=\"_ _2\"></span>enc<span class=\"_ _2\"></span>y inte<span class=\"_ _2\"></span>rest<span class=\"_ _2\"></span> rat<span class=\"_ _2\"></span>e swap<span class=\"_ _2\"></span>s to </span></span></span></span></span>hedge the risk of variability of inte<span class=\"_ _2\"></span>rest and principal payments on<span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">non</span>-<span class=\"ls4b ws49\">US do<span class=\"_ _2\"></span>lla</span>r-<span class=\"ls49 ws78\">denomi<span class=\"_ _2\"></span>nat<span class=\"_ _2\"></span>ed </span></span>borrowings<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls48 ws32\">b<span class=\"_ _2\"></span>unker fuel<span class=\"_ _2\"></span> hedge <span class=\"_ _2\"></span>contracts<span class=\"_ _2\"></span> to loc<span class=\"_ _2\"></span>k in the p<span class=\"_ _2\"></span>rice f<span class=\"_ _2\"></span>or a p<span class=\"_ _2\"></span>ortion of<span class=\"_ _2\"></span> forecasted<span class=\"_ _2\"></span> bunk<span class=\"_ _2\"></span>er </span></span>fuel<span class=\"ls1 ws0\"> <span class=\"ls48 ws72\">requireme<span class=\"_ _2\"></span>nts<span class=\"ls2f ws2f\">, a<span class=\"_ _2\"></span>nd carbon emi<span class=\"_ _2\"></span>ssions forward co<span class=\"_ _2\"></span>ntracts to f<span class=\"_ _2\"></span>ix the price <span class=\"_ _2\"></span>of future E<span class=\"_ _2\"></span>U carbon </span></span></span>emis<span class=\"_ _2\"></span>sio<span class=\"_ _2\"></span>ns all<span class=\"_ _2\"></span>ow<span class=\"_ _2\"></span>ance <span class=\"_ _2\"></span><span class=\"ls1 ws0\">r<span class=\"ls54 ws70\">egula<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>ory obliga<span class=\"ls49 ws78\">tio<span class=\"_ _2\"></span>ns<span class=\"wsaa\">. N<span class=\"_ _2\"></span>o i<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ument<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>are h<span class=\"_ _2\"></span>el<span class=\"_ _2\"></span>d for<span class=\"_ _2\"></span> spec<span class=\"_ _2\"></span>ul<span class=\"_ _2\"></span>ativ<span class=\"_ _2\"></span>e p<span class=\"_ _2\"></span>urpo<span class=\"_ _2\"></span>ses.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span>For bonds<span class=\"_ _2\"></span> and lo<span class=\"_ _2\"></span>an facili<span class=\"_ _2\"></span>ties whe<span class=\"_ _2\"></span>re it i<span class=\"_ _2\"></span>s determi<span class=\"_ _2\"></span>ned that<span class=\"_ _2\"></span> there i<span class=\"_ _2\"></span>s an<span class=\"_ _2\"></span> interest r<span class=\"_ _2\"></span>ate or f<span class=\"_ _2\"></span>oreig<span class=\"_ _2\"></span>n currenc<span class=\"_ _2\"></span>y risk t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> sh<span class=\"_ _2\"></span>ould<span class=\"_ _2\"></span> be h<span class=\"_ _2\"></span>edge<span class=\"_ _2\"></span>d, t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> der<span class=\"_ _2\"></span>ivati<span class=\"_ _2\"></span>ve f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al i<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ument<span class=\"_ _2\"></span> ac<span class=\"_ _2\"></span>quir<span class=\"_ _2\"></span>ed w<span class=\"_ _2\"></span>ill <span class=\"_ _2\"></span>have<span class=\"_ _2\"></span> cri<span class=\"_ _2\"></span>tic<span class=\"_ _2\"></span>al te<span class=\"_ _2\"></span>rms<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> mirror those of the <span class=\"_ _2\"></span>underlying debt. In<span class=\"_ _2\"></span> these cir<span class=\"ff17a ls49 wsaa\">c<span class=\"_ _2\"></span>umsta<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span>s, it<span class=\"_ _2\"></span> is <span class=\"_ _2\"></span>th<span class=\"_ _2\"></span>e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s obj<span class=\"_ _2\"></span>ecti<span class=\"_ _2\"></span>ve t<span class=\"_ _2\"></span>o ac<span class=\"_ _2\"></span>hie<span class=\"_ _2\"></span>ve</span><span class=\"ls1 ws0\"> </span>100%<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 ws78\">ef<span class=\"_ _2\"></span>fect<span class=\"_ _2\"></span>ive<span class=\"_ _2\"></span>ness<span class=\"_ _2\"></span>.<span class=\"_ _195\"> </span></span></span>Deriv<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ve f<span class=\"_ _2\"></span>inanc<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span>str<span class=\"_ _2\"></span>ument<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e ini<span class=\"_ _2\"></span>tial<span class=\"_ _2\"></span>ly r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d <span class=\"_ _2\"></span>at f<span class=\"_ _2\"></span>air <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>dat<span class=\"_ _2\"></span>e a d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ve c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span> is entered i<span class=\"_ _2\"></span>nto and ar<span class=\"_ _2\"></span>e sub<span class=\"_ _2\"></span>sequentl<span class=\"_ _2\"></span>y remeasur<span class=\"_ _2\"></span>ed to<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">their<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> each<span class=\"_ _2\"></span> bal<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> s<span class=\"_ _2\"></span>heet<span class=\"_ _2\"></span> date<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>e </span></span>resul<span class=\"_ _2\"></span>ting<span class=\"_ _2\"></span> g<span class=\"_ _2\"></span>ain or<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss o<span class=\"_ _2\"></span>n re<span class=\"_ _2\"></span>meas<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> is re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>ni<span class=\"ls48 ws32\">s<span class=\"_ _2\"></span>ed immedi<span class=\"_ _2\"></span>ately i<span class=\"_ _2\"></span>n the i<span class=\"_ _2\"></span>ncome sta<span class=\"_ _2\"></span>tement <span class=\"_ _2\"></span>unless </span>the d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ve i<span class=\"_ _2\"></span>s de<span class=\"_ _2\"></span>sign<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> ef<span class=\"_ _2\"></span>fect<span class=\"_ _2\"></span>ive <span class=\"_ _2\"></span>as <span class=\"_ _2\"></span>a hedg<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> ins<span class=\"_ _2\"></span>tru<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>, i<span class=\"_ _2\"></span>n whic<span class=\"_ _2\"></span>h <span class=\"_ _2\"></span>event<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e timi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>of t<span class=\"_ _2\"></span>he recog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> any re<span class=\"_ _2\"></span>sult<span class=\"_ _2\"></span>ant g<span class=\"_ _2\"></span>ain or<span class=\"_ _2\"></span> loss on t<span class=\"_ _2\"></span>he in<span class=\"_ _2\"></span>come<span class=\"_ _2\"></span> stat<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span> depend<span class=\"_ _2\"></span>s o<span class=\"_ _2\"></span>n the n<span class=\"_ _2\"></span>ature<span class=\"_ _2\"></span> of the it<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m being he<span class=\"ls49 wsaa\">dged. T<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>mp<span class=\"_ _2\"></span>act i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent i<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>show<span class=\"_ _2\"></span>n in<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>erest<span class=\"_ _2\"></span>, f<span class=\"_ _2\"></span>oreig<span class=\"_ _2\"></span>n c<span class=\"_ _2\"></span>urr<span class=\"_ _2\"></span>ency e<span class=\"_ _2\"></span>xch<span class=\"_ _2\"></span>ang<span class=\"_ _2\"></span>e </span>gain (loss) or operating expenses as appropriate, based o<span class=\"_ _2\"></span>n the underlying <span class=\"ls49 ws78\">nat<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span> <span class=\"ls48 ws32\">of the deri<span class=\"_ _2\"></span>vative.<span class=\"_ _195\"> </span></span></span>(i) D<span class=\"_ _2\"></span>ete<span class=\"_ _2\"></span>rmin<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r va<span class=\"_ _2\"></span>lue<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The fair value <span class=\"_ _2\"></span>of interest r<span class=\"_ _2\"></span>ate swa<span class=\"_ _2\"></span>ps, cross<span class=\"ls1 ws0\">-<span class=\"ls49 wsaa\">curre<span class=\"_ _2\"></span>ncy<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st rat<span class=\"_ _2\"></span>e s<span class=\"_ _2\"></span>waps<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span>eign<span class=\"_ _2\"></span> exc<span class=\"_ _2\"></span>hang<span class=\"_ _2\"></span>e </span></span>cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>s is<span class=\"_ _2\"></span> ba<span class=\"_ _2\"></span>sed <span class=\"_ _2\"></span>on di<span class=\"_ _2\"></span>sco<span class=\"_ _2\"></span>unte<span class=\"_ _2\"></span>d ca<span class=\"_ _2\"></span>sh f<span class=\"_ _2\"></span>low m<span class=\"_ _2\"></span>ode<span class=\"_ _2\"></span>ls b<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span>d up<span class=\"_ _2\"></span>on t<span class=\"_ _2\"></span>he v<span class=\"_ _2\"></span>aluat<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>ns re<span class=\"_ _2\"></span>cei<span class=\"_ _2\"></span>ved f<span class=\"_ _2\"></span>rom<span class=\"_ _2\"></span> fina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al i<span class=\"_ _2\"></span>nstit<span class=\"_ _2\"></span>uti<span class=\"_ _2\"></span>ons,<span class=\"_ _2\"></span> tak<span class=\"_ _2\"></span>ing i<span class=\"_ _2\"></span>nto<span class=\"_ _2\"></span> ac<span class=\"_ _2\"></span>count<span class=\"_ _2\"></span> cu<span class=\"_ _2\"></span>rre<span class=\"_ _2\"></span>nt i<span class=\"_ _2\"></span>nter<span class=\"_ _2\"></span>est r<span class=\"_ _2\"></span>ates<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls2f ws2f\">fore<span class=\"_ _2\"></span>ign exchan<span class=\"ls61 wsac\">ge rates<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">and c<span class=\"_ _2\"></span>arb<span class=\"_ _2\"></span>on </span></span></span></span></span>emissions allowance prices<span class=\"ls1 ws0\">.<span class=\"_ _195\"> </span></span><span class=\"ls1 ws0\"> </span>(ii) Cash f<span class=\"_ _2\"></span>low hed<span class=\"_ _2\"></span>ges<span class=\"ls1 ws0\"> </span>The G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> app<span class=\"_ _2\"></span>lie<span class=\"_ _2\"></span>s ca<span class=\"_ _2\"></span>sh f<span class=\"_ _2\"></span>low <span class=\"_ _2\"></span>hed<span class=\"_ _2\"></span>ge a<span class=\"_ _2\"></span>ccou<span class=\"_ _2\"></span>nting<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> its<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st r<span class=\"_ _2\"></span>ate <span class=\"_ _2\"></span>swap<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd cr<span class=\"_ _2\"></span>oss<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls2f ws2f\">currency interest </span></span>rate<span class=\"_ _2\"></span> swap<span class=\"_ _2\"></span>s. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Where<span class=\"_ _2\"></span> a d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ve fi<span class=\"_ _2\"></span>na<span class=\"_ _2\"></span>ncial<span class=\"_ _2\"></span> inst<span class=\"_ _2\"></span>ru<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> is d<span class=\"_ _2\"></span>esi<span class=\"_ _2\"></span>gnate<span class=\"_ _2\"></span>d a<span class=\"_ _2\"></span>s a <span class=\"_ _2\"></span>hedg<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> vari<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>ity<span class=\"_ _2\"></span> in c<span class=\"_ _2\"></span>as<span class=\"_ _2\"></span>h flo<span class=\"_ _2\"></span>ws of<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span> recognised<span class=\"_ _2\"></span> asset<span class=\"_ _2\"></span> or liabili<span class=\"_ _2\"></span>ty, or<span class=\"_ _2\"></span> a hig<span class=\"_ _2\"></span>hly pr<span class=\"_ _2\"></span>obable for<span class=\"_ _2\"></span>ecast t<span class=\"_ _2\"></span>ransacti<span class=\"_ _2\"></span>on, t<span class=\"_ _2\"></span>he effecti<span class=\"_ _2\"></span>ve part<span class=\"_ _2\"></span> of any g<span class=\"_ _2\"></span>ain <span class=\"_ _2\"></span>or loss<span class=\"_ _2\"></span> on t<span class=\"_ _2\"></span>he d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vativ<span class=\"_ _2\"></span>e fi<span class=\"_ _2\"></span>na<span class=\"_ _2\"></span>ncial<span class=\"_ _2\"></span> ins<span class=\"_ _2\"></span>trum<span class=\"_ _2\"></span>ent i<span class=\"_ _2\"></span><span class=\"ls2f ws2f\">s reco<span class=\"_ _2\"></span>gnised directl<span class=\"_ _2\"></span>y in other c<span class=\"_ _2\"></span>omprehensive income<span class=\"_ _2\"></span>. </span>Any<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">ineffecti<span class=\"_ _2\"></span>ve porti<span class=\"_ _2\"></span>on of th<span class=\"_ _2\"></span>e hed<span class=\"_ _2\"></span>ge is rec<span class=\"_ _2\"></span>ognised imm<span class=\"_ _2\"></span>ediatel<span class=\"_ _2\"></span>y in the i<span class=\"_ _2\"></span>ncome <span class=\"_ _2\"></span>statement.<span class=\"_ _2\"></span></span> </span>When<span class=\"_ _2\"></span> the f<span class=\"_ _2\"></span>ore<span class=\"_ _2\"></span>cast<span class=\"_ _2\"></span> tr<span class=\"_ _2\"></span>ans<span class=\"_ _2\"></span>actio<span class=\"_ _2\"></span>n su<span class=\"_ _2\"></span>bseq<span class=\"_ _2\"></span>uent<span class=\"_ _2\"></span>ly <span class=\"_ _2\"></span>resul<span class=\"_ _2\"></span>ts i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> a <span class=\"_ _2\"></span>non<span class=\"ls1 ws0\">-</span><span class=\"ws7c\">fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al as<span class=\"_ _2\"></span>set or<span class=\"_ _2\"></span> non<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _195\"> </span></span></span>fina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al li<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>ity<span class=\"_ _2\"></span>, th<span class=\"_ _2\"></span>e a<span class=\"_ _2\"></span>ssoci<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> cum<span class=\"_ _2\"></span>ulati<span class=\"_ _2\"></span>ve<span class=\"_ _2\"></span> gai<span class=\"_ _2\"></span>n or<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">loss r<span class=\"_ _2\"></span>ecogni<span class=\"_ _2\"></span>sed in ot<span class=\"_ _2\"></span>her compr<span class=\"_ _2\"></span>ehensiv<span class=\"_ _2\"></span>e income i<span class=\"_ _2\"></span>s </span></span>removed and incl<span class=\"_ _2\"></span>uded in the i<span class=\"_ _2\"></span>nitial co<span class=\"_ _2\"></span>st or other <span class=\"ls49 wsaa\">c<span class=\"_ _2\"></span>arry<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls61 wsac\">the a<span class=\"_ _2\"></span>sset or<span class=\"ls1 ws0\"> <span class=\"ls54 ws83\">liability.</span> </span></span></span></span>If a <span class=\"_ _2\"></span>hedg<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> a f<span class=\"_ _2\"></span>orec<span class=\"_ _2\"></span>ast t<span class=\"_ _2\"></span>ra<span class=\"_ _2\"></span>nsact<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> sub<span class=\"_ _2\"></span>sequ<span class=\"_ _2\"></span>entl<span class=\"_ _2\"></span>y r<span class=\"_ _2\"></span>esul<span class=\"_ _2\"></span>ts i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> a fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>ancial<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span>or a f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al li<span class=\"_ _2\"></span>abi<span class=\"_ _2\"></span>lity<span class=\"_ _2\"></span>, t<span class=\"_ _2\"></span>he a<span class=\"_ _2\"></span>ssoc<span class=\"_ _2\"></span>iat<span class=\"_ _2\"></span>ed g<span class=\"_ _2\"></span>ain<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> los<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> we<span class=\"_ _2\"></span>re r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d di<span class=\"_ _2\"></span>rect<span class=\"_ _2\"></span>ly i<span class=\"_ _2\"></span>n e<span class=\"_ _2\"></span>quit<span class=\"_ _2\"></span>y ar<span class=\"_ _2\"></span>e reclassified i<span class=\"_ _2\"></span>nto the income <span class=\"_ _2\"></span>statement in<span class=\"_ _2\"></span> the same pe<span class=\"_ _2\"></span>riod or perio<span class=\"_ _2\"></span>ds during which <span class=\"_ _2\"></span>the asset <span class=\"_ _2\"></span>acquired or liability assumed affects profit or loss, <span class=\"ls61 wsac\">th<span class=\"_ _2\"></span>at is,<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">when fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>ance i<span class=\"_ _2\"></span>nco<span class=\"_ _2\"></span>me or<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>ense<span class=\"_ _2\"></span></span> </span></span>is recognised.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>When a <span class=\"_ _2\"></span>hedging i<span class=\"_ _2\"></span>nstrument<span class=\"_ _2\"></span> expires <span class=\"_ _2\"></span>or is <span class=\"_ _2\"></span>sold, term<span class=\"_ _2\"></span>inated <span class=\"_ _2\"></span>or exerci<span class=\"_ _2\"></span>sed, or<span class=\"_ _2\"></span> the entit<span class=\"_ _2\"></span>y rev<span class=\"_ _2\"></span>okes desig<span class=\"_ _2\"></span>nati<span class=\"_ _2\"></span>on o<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>hedge<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>nshi<span class=\"_ _2\"></span>p b<span class=\"_ _2\"></span>ut th<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">hedged foreca<span class=\"_ _2\"></span>st transactio<span class=\"_ _2\"></span>n is still exp<span class=\"_ _2\"></span>ected to occ<span class=\"_ _2\"></span>ur, </span></span>the <span class=\"_ _2\"></span>cumul<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ve g<span class=\"_ _2\"></span>ain or<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss a<span class=\"_ _2\"></span>t t<span class=\"_ _2\"></span>hat p<span class=\"_ _2\"></span>oi<span class=\"_ _2\"></span>nt re<span class=\"_ _2\"></span>main<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>n equi<span class=\"_ _2\"></span>ty <span class=\"_ _2\"></span>and<span class=\"_ _2\"></span> is r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d i<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">accordance with t<span class=\"_ _2\"></span>he </span></span>above policy w<span class=\"_ _2\"></span>hen the tr<span class=\"_ _2\"></span>ansaction occurs.<span class=\"_ _2\"></span> If the hedg<span class=\"_ _2\"></span>ed transactio<span class=\"_ _2\"></span>n is no lo<span class=\"_ _2\"></span>nger expected t<span class=\"_ _2\"></span>o take place<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">cumul<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ve u<span class=\"_ _2\"></span>nreal<span class=\"_ _2\"></span>ise<span class=\"_ _2\"></span>d gai<span class=\"_ _2\"></span>n or<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss rec<span class=\"_ _2\"></span>og<span class=\"_ _2\"></span>nised<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n othe<span class=\"_ _2\"></span>r c<span class=\"_ _2\"></span>ompr<span class=\"_ _2\"></span>ehe<span class=\"_ _2\"></span>nsive<span class=\"_ _2\"></span> inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> is </span></span>recog<span class=\"_ _2\"></span>nis<span class=\"_ _2\"></span>ed i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>a<span class=\"ls48 ws32\">tement i<span class=\"_ _2\"></span>mmediately<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></span>Any u<span class=\"_ _2\"></span>nre<span class=\"_ _2\"></span>alis<span class=\"_ _2\"></span>ed a<span class=\"_ _2\"></span>nd r<span class=\"_ _2\"></span>eali<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> gai<span class=\"_ _2\"></span>ns or l<span class=\"_ _2\"></span>os<span class=\"_ _2\"></span>ses <span class=\"_ _2\"></span>on f<span class=\"_ _2\"></span>oreig<span class=\"_ _2\"></span>n e<span class=\"_ _2\"></span>x<span class=\"ls2f ws2f\">change f<span class=\"_ _2\"></span>orward contract<span class=\"_ _2\"></span>s are t<span class=\"_ _2\"></span>aken directly </span>to the i<span class=\"_ _2\"></span>ncome st<span class=\"_ _2\"></span>atement.<span class=\"_ _195\"> </span>(iii) Em<span class=\"_ _2\"></span>bed<span class=\"_ _2\"></span>ded <span class=\"ls4c ws79\">derivatives<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>Deriv<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ves e<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>dde<span class=\"_ _2\"></span>d in o<span class=\"_ _2\"></span>the<span class=\"_ _2\"></span>r fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> inst<span class=\"_ _2\"></span>rume<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span> or ot<span class=\"_ _2\"></span>her<span class=\"_ _2\"></span> hos<span class=\"_ _2\"></span>t <span class=\"_ _2\"></span>cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> tre<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>as sep<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ate d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ves <span class=\"_ _2\"></span>when<span class=\"_ _2\"></span> thei<span class=\"_ _2\"></span>r ri<span class=\"_ _2\"></span>sk<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd c<span class=\"_ _2\"></span>haract<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>isti<span class=\"_ _2\"></span>cs ar<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>not c<span class=\"_ _2\"></span>los<span class=\"_ _2\"></span>ely<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>host c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>rac<span class=\"_ _2\"></span>t. Co<span class=\"_ _2\"></span>ntr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> assessed f<span class=\"_ _2\"></span>or emb<span class=\"_ _2\"></span>edded deri<span class=\"_ _2\"></span>vatives <span class=\"_ _2\"></span>at incep<span class=\"_ _2\"></span>tion <span class=\"ls49 wsaa\">of<span class=\"_ _2\"></span> suc<span class=\"_ _2\"></span>h c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>s or <span class=\"_ _2\"></span>whe<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up b<span class=\"_ _2\"></span>ecom<span class=\"_ _2\"></span>es p<span class=\"_ _2\"></span>art<span class=\"_ _2\"></span>y to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span>m. Emb<span class=\"_ _2\"></span>edd<span class=\"_ _2\"></span>ed d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ves<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> ha<span class=\"_ _2\"></span>ve b<span class=\"_ _2\"></span>een <span class=\"_ _2\"></span>sep<span class=\"_ _2\"></span>arat<span class=\"_ _2\"></span>ed fr<span class=\"_ _2\"></span>om <span class=\"_ _2\"></span>host<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntr<span class=\"_ _2\"></span>acts <span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>e mea<span class=\"_ _2\"></span>sur<span class=\"_ _2\"></span>ed at<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> </span>at eac<span class=\"_ _2\"></span>h b<span class=\"_ _2\"></span>alanc<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>sheet<span class=\"_ _2\"></span> dat<span class=\"_ _2\"></span>e. A<span class=\"_ _2\"></span>ny g<span class=\"_ _2\"></span>ain<span class=\"_ _2\"></span>s or l<span class=\"_ _2\"></span>os<span class=\"_ _2\"></span>ses <span class=\"_ _2\"></span>arisi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> from<span class=\"_ _2\"></span> cha<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span>es in f<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span> v<span class=\"_ _2\"></span>alue <span class=\"_ _2\"></span>are <span class=\"ws78\">t<span class=\"_ _2\"></span>ak<span class=\"_ _2\"></span>en <span class=\"ls2f ws2f\">directly to<span class=\"ls1 ws0\"> </span></span></span>the i<span class=\"_ _2\"></span>nco<span class=\"_ _2\"></span>me st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent.<span class=\"_ _195\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-700": {
   "value": "Acc<span class=\"_ _1\"></span>ounting<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>polic<span class=\"_ _1\"></span>y for<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>deriv<span class=\"_ _1\"></span>ative a<span class=\"_ _1\"></span>ssets and<span class=\"_ _1\"></span> liabilit<span class=\"_ _1\"></span>ies<span class=\"ls1 ws0\"> </span>The G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> en<span class=\"_ _2\"></span>ter<span class=\"_ _2\"></span>s int<span class=\"_ _2\"></span>o for<span class=\"_ _2\"></span>ward<span class=\"_ _2\"></span> ex<span class=\"_ _2\"></span>chang<span class=\"_ _2\"></span>e c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span>s to<span class=\"_ _2\"></span> hedg<span class=\"_ _2\"></span>e f<span class=\"_ _2\"></span>orei<span class=\"_ _2\"></span>gn c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>nc<span class=\"_ _2\"></span>y tr<span class=\"_ _2\"></span>ans<span class=\"_ _2\"></span>actio<span class=\"_ _2\"></span>ns,<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st ra<span class=\"_ _1\"></span>te sw<span class=\"_ _1\"></span>aps to<span class=\"_ _1\"></span> hed<span class=\"_ _1\"></span>ge the<span class=\"_ _1\"></span> ris<span class=\"_ _1\"></span>k of<span class=\"ls1 ws0\"> <span class=\"ls54 ws70\">va<span class=\"_ _1\"></span>riability <span class=\"_ _2\"></span>of interest<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">p<span class=\"_ _2\"></span>aym<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span>, cr<span class=\"_ _2\"></span>oss<span class=\"ls1 ws0\">-</span><span class=\"ws7c\">curr<span class=\"_ _2\"></span>enc<span class=\"_ _2\"></span>y inte<span class=\"_ _2\"></span>rest<span class=\"_ _2\"></span> rat<span class=\"_ _2\"></span>e swap<span class=\"_ _2\"></span>s to </span></span></span></span></span>hedge the risk of variability of inte<span class=\"_ _2\"></span>rest and principal payments on<span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">non</span>-<span class=\"ls4b ws49\">US do<span class=\"_ _2\"></span>lla</span>r-<span class=\"ls49 ws78\">denomi<span class=\"_ _2\"></span>nat<span class=\"_ _2\"></span>ed </span></span>borrowings<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls48 ws32\">b<span class=\"_ _2\"></span>unker fuel<span class=\"_ _2\"></span> hedge <span class=\"_ _2\"></span>contracts<span class=\"_ _2\"></span> to loc<span class=\"_ _2\"></span>k in the p<span class=\"_ _2\"></span>rice f<span class=\"_ _2\"></span>or a p<span class=\"_ _2\"></span>ortion of<span class=\"_ _2\"></span> forecasted<span class=\"_ _2\"></span> bunk<span class=\"_ _2\"></span>er </span></span>fuel<span class=\"ls1 ws0\"> <span class=\"ls48 ws72\">requireme<span class=\"_ _2\"></span>nts<span class=\"ls2f ws2f\">, a<span class=\"_ _2\"></span>nd carbon emi<span class=\"_ _2\"></span>ssions forward co<span class=\"_ _2\"></span>ntracts to f<span class=\"_ _2\"></span>ix the price <span class=\"_ _2\"></span>of future E<span class=\"_ _2\"></span>U carbon </span></span></span>emis<span class=\"_ _2\"></span>sio<span class=\"_ _2\"></span>ns all<span class=\"_ _2\"></span>ow<span class=\"_ _2\"></span>ance <span class=\"_ _2\"></span><span class=\"ls1 ws0\">r<span class=\"ls54 ws70\">egula<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>ory obliga<span class=\"ls49 ws78\">tio<span class=\"_ _2\"></span>ns<span class=\"wsaa\">. N<span class=\"_ _2\"></span>o i<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ument<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>are h<span class=\"_ _2\"></span>el<span class=\"_ _2\"></span>d for<span class=\"_ _2\"></span> spec<span class=\"_ _2\"></span>ul<span class=\"_ _2\"></span>ativ<span class=\"_ _2\"></span>e p<span class=\"_ _2\"></span>urpo<span class=\"_ _2\"></span>ses.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span>For bonds<span class=\"_ _2\"></span> and lo<span class=\"_ _2\"></span>an facili<span class=\"_ _2\"></span>ties whe<span class=\"_ _2\"></span>re it i<span class=\"_ _2\"></span>s determi<span class=\"_ _2\"></span>ned that<span class=\"_ _2\"></span> there i<span class=\"_ _2\"></span>s an<span class=\"_ _2\"></span> interest r<span class=\"_ _2\"></span>ate or f<span class=\"_ _2\"></span>oreig<span class=\"_ _2\"></span>n currenc<span class=\"_ _2\"></span>y risk t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> sh<span class=\"_ _2\"></span>ould<span class=\"_ _2\"></span> be h<span class=\"_ _2\"></span>edge<span class=\"_ _2\"></span>d, t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> der<span class=\"_ _2\"></span>ivati<span class=\"_ _2\"></span>ve f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al i<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ument<span class=\"_ _2\"></span> ac<span class=\"_ _2\"></span>quir<span class=\"_ _2\"></span>ed w<span class=\"_ _2\"></span>ill <span class=\"_ _2\"></span>have<span class=\"_ _2\"></span> cri<span class=\"_ _2\"></span>tic<span class=\"_ _2\"></span>al te<span class=\"_ _2\"></span>rms<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> mirror those of the <span class=\"_ _2\"></span>underlying debt. In<span class=\"_ _2\"></span> these cir<span class=\"ff17a ls49 wsaa\">c<span class=\"_ _2\"></span>umsta<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span>s, it<span class=\"_ _2\"></span> is <span class=\"_ _2\"></span>th<span class=\"_ _2\"></span>e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s obj<span class=\"_ _2\"></span>ecti<span class=\"_ _2\"></span>ve t<span class=\"_ _2\"></span>o ac<span class=\"_ _2\"></span>hie<span class=\"_ _2\"></span>ve</span><span class=\"ls1 ws0\"> </span>100%<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 ws78\">ef<span class=\"_ _2\"></span>fect<span class=\"_ _2\"></span>ive<span class=\"_ _2\"></span>ness<span class=\"_ _2\"></span>.<span class=\"_ _195\"> </span></span></span>Deriv<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ve f<span class=\"_ _2\"></span>inanc<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span>str<span class=\"_ _2\"></span>ument<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e ini<span class=\"_ _2\"></span>tial<span class=\"_ _2\"></span>ly r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d <span class=\"_ _2\"></span>at f<span class=\"_ _2\"></span>air <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>dat<span class=\"_ _2\"></span>e a d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ve c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span> is entered i<span class=\"_ _2\"></span>nto and ar<span class=\"_ _2\"></span>e sub<span class=\"_ _2\"></span>sequentl<span class=\"_ _2\"></span>y remeasur<span class=\"_ _2\"></span>ed to<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">their<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> each<span class=\"_ _2\"></span> bal<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> s<span class=\"_ _2\"></span>heet<span class=\"_ _2\"></span> date<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>e </span></span>resul<span class=\"_ _2\"></span>ting<span class=\"_ _2\"></span> g<span class=\"_ _2\"></span>ain or<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss o<span class=\"_ _2\"></span>n re<span class=\"_ _2\"></span>meas<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> is re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>ni<span class=\"ls48 ws32\">s<span class=\"_ _2\"></span>ed immedi<span class=\"_ _2\"></span>ately i<span class=\"_ _2\"></span>n the i<span class=\"_ _2\"></span>ncome sta<span class=\"_ _2\"></span>tement <span class=\"_ _2\"></span>unless </span>the d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ve i<span class=\"_ _2\"></span>s de<span class=\"_ _2\"></span>sign<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> ef<span class=\"_ _2\"></span>fect<span class=\"_ _2\"></span>ive <span class=\"_ _2\"></span>as <span class=\"_ _2\"></span>a hedg<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> ins<span class=\"_ _2\"></span>tru<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>, i<span class=\"_ _2\"></span>n whic<span class=\"_ _2\"></span>h <span class=\"_ _2\"></span>event<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e timi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>of t<span class=\"_ _2\"></span>he recog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> any re<span class=\"_ _2\"></span>sult<span class=\"_ _2\"></span>ant g<span class=\"_ _2\"></span>ain or<span class=\"_ _2\"></span> loss on t<span class=\"_ _2\"></span>he in<span class=\"_ _2\"></span>come<span class=\"_ _2\"></span> stat<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span> depend<span class=\"_ _2\"></span>s o<span class=\"_ _2\"></span>n the n<span class=\"_ _2\"></span>ature<span class=\"_ _2\"></span> of the it<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m being he<span class=\"ls49 wsaa\">dged. T<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>mp<span class=\"_ _2\"></span>act i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent i<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>show<span class=\"_ _2\"></span>n in<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>erest<span class=\"_ _2\"></span>, f<span class=\"_ _2\"></span>oreig<span class=\"_ _2\"></span>n c<span class=\"_ _2\"></span>urr<span class=\"_ _2\"></span>ency e<span class=\"_ _2\"></span>xch<span class=\"_ _2\"></span>ang<span class=\"_ _2\"></span>e </span>gain (loss) or operating expenses as appropriate, based o<span class=\"_ _2\"></span>n the underlying <span class=\"ls49 ws78\">nat<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span> <span class=\"ls48 ws32\">of the deri<span class=\"_ _2\"></span>vative.<span class=\"_ _195\"> </span></span></span>(ii) Cash f<span class=\"_ _2\"></span>low hed<span class=\"_ _2\"></span>ges<span class=\"ls1 ws0\"> </span>The G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> app<span class=\"_ _2\"></span>lie<span class=\"_ _2\"></span>s ca<span class=\"_ _2\"></span>sh f<span class=\"_ _2\"></span>low <span class=\"_ _2\"></span>hed<span class=\"_ _2\"></span>ge a<span class=\"_ _2\"></span>ccou<span class=\"_ _2\"></span>nting<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> its<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st r<span class=\"_ _2\"></span>ate <span class=\"_ _2\"></span>swap<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd cr<span class=\"_ _2\"></span>oss<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls2f ws2f\">currency interest </span></span>rate<span class=\"_ _2\"></span> swap<span class=\"_ _2\"></span>s. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Where<span class=\"_ _2\"></span> a d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ve fi<span class=\"_ _2\"></span>na<span class=\"_ _2\"></span>ncial<span class=\"_ _2\"></span> inst<span class=\"_ _2\"></span>ru<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> is d<span class=\"_ _2\"></span>esi<span class=\"_ _2\"></span>gnate<span class=\"_ _2\"></span>d a<span class=\"_ _2\"></span>s a <span class=\"_ _2\"></span>hedg<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> vari<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>ity<span class=\"_ _2\"></span> in c<span class=\"_ _2\"></span>as<span class=\"_ _2\"></span>h flo<span class=\"_ _2\"></span>ws of<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span> recognised<span class=\"_ _2\"></span> asset<span class=\"_ _2\"></span> or liabili<span class=\"_ _2\"></span>ty, or<span class=\"_ _2\"></span> a hig<span class=\"_ _2\"></span>hly pr<span class=\"_ _2\"></span>obable for<span class=\"_ _2\"></span>ecast t<span class=\"_ _2\"></span>ransacti<span class=\"_ _2\"></span>on, t<span class=\"_ _2\"></span>he effecti<span class=\"_ _2\"></span>ve part<span class=\"_ _2\"></span> of any g<span class=\"_ _2\"></span>ain <span class=\"_ _2\"></span>or loss<span class=\"_ _2\"></span> on t<span class=\"_ _2\"></span>he d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vativ<span class=\"_ _2\"></span>e fi<span class=\"_ _2\"></span>na<span class=\"_ _2\"></span>ncial<span class=\"_ _2\"></span> ins<span class=\"_ _2\"></span>trum<span class=\"_ _2\"></span>ent i<span class=\"_ _2\"></span><span class=\"ls2f ws2f\">s reco<span class=\"_ _2\"></span>gnised directl<span class=\"_ _2\"></span>y in other c<span class=\"_ _2\"></span>omprehensive income<span class=\"_ _2\"></span>. </span>Any<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">ineffecti<span class=\"_ _2\"></span>ve porti<span class=\"_ _2\"></span>on of th<span class=\"_ _2\"></span>e hed<span class=\"_ _2\"></span>ge is rec<span class=\"_ _2\"></span>ognised imm<span class=\"_ _2\"></span>ediatel<span class=\"_ _2\"></span>y in the i<span class=\"_ _2\"></span>ncome <span class=\"_ _2\"></span>statement.<span class=\"_ _2\"></span></span> </span>When<span class=\"_ _2\"></span> the f<span class=\"_ _2\"></span>ore<span class=\"_ _2\"></span>cast<span class=\"_ _2\"></span> tr<span class=\"_ _2\"></span>ans<span class=\"_ _2\"></span>actio<span class=\"_ _2\"></span>n su<span class=\"_ _2\"></span>bseq<span class=\"_ _2\"></span>uent<span class=\"_ _2\"></span>ly <span class=\"_ _2\"></span>resul<span class=\"_ _2\"></span>ts i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> a <span class=\"_ _2\"></span>non<span class=\"ls1 ws0\">-</span><span class=\"ws7c\">fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al as<span class=\"_ _2\"></span>set or<span class=\"_ _2\"></span> non<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _195\"> </span></span></span>fina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al li<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>ity<span class=\"_ _2\"></span>, th<span class=\"_ _2\"></span>e a<span class=\"_ _2\"></span>ssoci<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> cum<span class=\"_ _2\"></span>ulati<span class=\"_ _2\"></span>ve<span class=\"_ _2\"></span> gai<span class=\"_ _2\"></span>n or<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">loss r<span class=\"_ _2\"></span>ecogni<span class=\"_ _2\"></span>sed in ot<span class=\"_ _2\"></span>her compr<span class=\"_ _2\"></span>ehensiv<span class=\"_ _2\"></span>e income i<span class=\"_ _2\"></span>s </span></span>removed and incl<span class=\"_ _2\"></span>uded in the i<span class=\"_ _2\"></span>nitial co<span class=\"_ _2\"></span>st or other <span class=\"ls49 wsaa\">c<span class=\"_ _2\"></span>arry<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls61 wsac\">the a<span class=\"_ _2\"></span>sset or<span class=\"ls1 ws0\"> <span class=\"ls54 ws83\">liability.</span> </span></span></span></span>If a <span class=\"_ _2\"></span>hedg<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> a f<span class=\"_ _2\"></span>orec<span class=\"_ _2\"></span>ast t<span class=\"_ _2\"></span>ra<span class=\"_ _2\"></span>nsact<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> sub<span class=\"_ _2\"></span>sequ<span class=\"_ _2\"></span>entl<span class=\"_ _2\"></span>y r<span class=\"_ _2\"></span>esul<span class=\"_ _2\"></span>ts i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> a fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>ancial<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span>or a f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al li<span class=\"_ _2\"></span>abi<span class=\"_ _2\"></span>lity<span class=\"_ _2\"></span>, t<span class=\"_ _2\"></span>he a<span class=\"_ _2\"></span>ssoc<span class=\"_ _2\"></span>iat<span class=\"_ _2\"></span>ed g<span class=\"_ _2\"></span>ain<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> los<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> we<span class=\"_ _2\"></span>re r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d di<span class=\"_ _2\"></span>rect<span class=\"_ _2\"></span>ly i<span class=\"_ _2\"></span>n e<span class=\"_ _2\"></span>quit<span class=\"_ _2\"></span>y ar<span class=\"_ _2\"></span>e reclassified i<span class=\"_ _2\"></span>nto the income <span class=\"_ _2\"></span>statement in<span class=\"_ _2\"></span> the same pe<span class=\"_ _2\"></span>riod or perio<span class=\"_ _2\"></span>ds during which <span class=\"_ _2\"></span>the asset <span class=\"_ _2\"></span>acquired or liability assumed affects profit or loss, <span class=\"ls61 wsac\">th<span class=\"_ _2\"></span>at is,<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">when fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>ance i<span class=\"_ _2\"></span>nco<span class=\"_ _2\"></span>me or<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>ense<span class=\"_ _2\"></span></span> </span></span>is recognised.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>When a <span class=\"_ _2\"></span>hedging i<span class=\"_ _2\"></span>nstrument<span class=\"_ _2\"></span> expires <span class=\"_ _2\"></span>or is <span class=\"_ _2\"></span>sold, term<span class=\"_ _2\"></span>inated <span class=\"_ _2\"></span>or exerci<span class=\"_ _2\"></span>sed, or<span class=\"_ _2\"></span> the entit<span class=\"_ _2\"></span>y rev<span class=\"_ _2\"></span>okes desig<span class=\"_ _2\"></span>nati<span class=\"_ _2\"></span>on o<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>hedge<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>nshi<span class=\"_ _2\"></span>p b<span class=\"_ _2\"></span>ut th<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">hedged foreca<span class=\"_ _2\"></span>st transactio<span class=\"_ _2\"></span>n is still exp<span class=\"_ _2\"></span>ected to occ<span class=\"_ _2\"></span>ur, </span></span>the <span class=\"_ _2\"></span>cumul<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ve g<span class=\"_ _2\"></span>ain or<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss a<span class=\"_ _2\"></span>t t<span class=\"_ _2\"></span>hat p<span class=\"_ _2\"></span>oi<span class=\"_ _2\"></span>nt re<span class=\"_ _2\"></span>main<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>n equi<span class=\"_ _2\"></span>ty <span class=\"_ _2\"></span>and<span class=\"_ _2\"></span> is r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d i<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">accordance with t<span class=\"_ _2\"></span>he </span></span>above policy w<span class=\"_ _2\"></span>hen the tr<span class=\"_ _2\"></span>ansaction occurs.<span class=\"_ _2\"></span> If the hedg<span class=\"_ _2\"></span>ed transactio<span class=\"_ _2\"></span>n is no lo<span class=\"_ _2\"></span>nger expected t<span class=\"_ _2\"></span>o take place<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">cumul<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ve u<span class=\"_ _2\"></span>nreal<span class=\"_ _2\"></span>ise<span class=\"_ _2\"></span>d gai<span class=\"_ _2\"></span>n or<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss rec<span class=\"_ _2\"></span>og<span class=\"_ _2\"></span>nised<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n othe<span class=\"_ _2\"></span>r c<span class=\"_ _2\"></span>ompr<span class=\"_ _2\"></span>ehe<span class=\"_ _2\"></span>nsive<span class=\"_ _2\"></span> inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> is </span></span>recog<span class=\"_ _2\"></span>nis<span class=\"_ _2\"></span>ed i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>a<span class=\"ls48 ws32\">tement i<span class=\"_ _2\"></span>mmediately<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></span>Any u<span class=\"_ _2\"></span>nre<span class=\"_ _2\"></span>alis<span class=\"_ _2\"></span>ed a<span class=\"_ _2\"></span>nd r<span class=\"_ _2\"></span>eali<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> gai<span class=\"_ _2\"></span>ns or l<span class=\"_ _2\"></span>os<span class=\"_ _2\"></span>ses <span class=\"_ _2\"></span>on f<span class=\"_ _2\"></span>oreig<span class=\"_ _2\"></span>n e<span class=\"_ _2\"></span>x<span class=\"ls2f ws2f\">change f<span class=\"_ _2\"></span>orward contract<span class=\"_ _2\"></span>s are t<span class=\"_ _2\"></span>aken directly </span>to the i<span class=\"_ _2\"></span>ncome st<span class=\"_ _2\"></span>atement.<span class=\"_ _195\"> </span><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-703": {
   "value": "Acc<span class=\"_ _1\"></span>ounting<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>polic<span class=\"_ _1\"></span>y for<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>deriv<span class=\"_ _1\"></span>ative a<span class=\"_ _1\"></span>ssets and<span class=\"_ _1\"></span> liabilit<span class=\"_ _1\"></span>ies<span class=\"ls1 ws0\"> </span>The G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> en<span class=\"_ _2\"></span>ter<span class=\"_ _2\"></span>s int<span class=\"_ _2\"></span>o for<span class=\"_ _2\"></span>ward<span class=\"_ _2\"></span> ex<span class=\"_ _2\"></span>chang<span class=\"_ _2\"></span>e c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span>s to<span class=\"_ _2\"></span> hedg<span class=\"_ _2\"></span>e f<span class=\"_ _2\"></span>orei<span class=\"_ _2\"></span>gn c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>nc<span class=\"_ _2\"></span>y tr<span class=\"_ _2\"></span>ans<span class=\"_ _2\"></span>actio<span class=\"_ _2\"></span>ns,<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st ra<span class=\"_ _1\"></span>te sw<span class=\"_ _1\"></span>aps to<span class=\"_ _1\"></span> hed<span class=\"_ _1\"></span>ge the<span class=\"_ _1\"></span> ris<span class=\"_ _1\"></span>k of<span class=\"ls1 ws0\"> <span class=\"ls54 ws70\">va<span class=\"_ _1\"></span>riability <span class=\"_ _2\"></span>of interest<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">p<span class=\"_ _2\"></span>aym<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span>, cr<span class=\"_ _2\"></span>oss<span class=\"ls1 ws0\">-</span><span class=\"ws7c\">curr<span class=\"_ _2\"></span>enc<span class=\"_ _2\"></span>y inte<span class=\"_ _2\"></span>rest<span class=\"_ _2\"></span> rat<span class=\"_ _2\"></span>e swap<span class=\"_ _2\"></span>s to </span></span></span></span></span>hedge the risk of variability of inte<span class=\"_ _2\"></span>rest and principal payments on<span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">non</span>-<span class=\"ls4b ws49\">US do<span class=\"_ _2\"></span>lla</span>r-<span class=\"ls49 ws78\">denomi<span class=\"_ _2\"></span>nat<span class=\"_ _2\"></span>ed </span></span>borrowings<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls48 ws32\">b<span class=\"_ _2\"></span>unker fuel<span class=\"_ _2\"></span> hedge <span class=\"_ _2\"></span>contracts<span class=\"_ _2\"></span> to loc<span class=\"_ _2\"></span>k in the p<span class=\"_ _2\"></span>rice f<span class=\"_ _2\"></span>or a p<span class=\"_ _2\"></span>ortion of<span class=\"_ _2\"></span> forecasted<span class=\"_ _2\"></span> bunk<span class=\"_ _2\"></span>er </span></span>fuel<span class=\"ls1 ws0\"> <span class=\"ls48 ws72\">requireme<span class=\"_ _2\"></span>nts<span class=\"ls2f ws2f\">, a<span class=\"_ _2\"></span>nd carbon emi<span class=\"_ _2\"></span>ssions forward co<span class=\"_ _2\"></span>ntracts to f<span class=\"_ _2\"></span>ix the price <span class=\"_ _2\"></span>of future E<span class=\"_ _2\"></span>U carbon </span></span></span>emis<span class=\"_ _2\"></span>sio<span class=\"_ _2\"></span>ns all<span class=\"_ _2\"></span>ow<span class=\"_ _2\"></span>ance <span class=\"_ _2\"></span><span class=\"ls1 ws0\">r<span class=\"ls54 ws70\">egula<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>ory obliga<span class=\"ls49 ws78\">tio<span class=\"_ _2\"></span>ns<span class=\"wsaa\">. N<span class=\"_ _2\"></span>o i<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ument<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>are h<span class=\"_ _2\"></span>el<span class=\"_ _2\"></span>d for<span class=\"_ _2\"></span> spec<span class=\"_ _2\"></span>ul<span class=\"_ _2\"></span>ativ<span class=\"_ _2\"></span>e p<span class=\"_ _2\"></span>urpo<span class=\"_ _2\"></span>ses.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span>For bonds<span class=\"_ _2\"></span> and lo<span class=\"_ _2\"></span>an facili<span class=\"_ _2\"></span>ties whe<span class=\"_ _2\"></span>re it i<span class=\"_ _2\"></span>s determi<span class=\"_ _2\"></span>ned that<span class=\"_ _2\"></span> there i<span class=\"_ _2\"></span>s an<span class=\"_ _2\"></span> interest r<span class=\"_ _2\"></span>ate or f<span class=\"_ _2\"></span>oreig<span class=\"_ _2\"></span>n currenc<span class=\"_ _2\"></span>y risk t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> sh<span class=\"_ _2\"></span>ould<span class=\"_ _2\"></span> be h<span class=\"_ _2\"></span>edge<span class=\"_ _2\"></span>d, t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> der<span class=\"_ _2\"></span>ivati<span class=\"_ _2\"></span>ve f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al i<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ument<span class=\"_ _2\"></span> ac<span class=\"_ _2\"></span>quir<span class=\"_ _2\"></span>ed w<span class=\"_ _2\"></span>ill <span class=\"_ _2\"></span>have<span class=\"_ _2\"></span> cri<span class=\"_ _2\"></span>tic<span class=\"_ _2\"></span>al te<span class=\"_ _2\"></span>rms<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> mirror those of the <span class=\"_ _2\"></span>underlying debt. In<span class=\"_ _2\"></span> these cir<span class=\"ff17a ls49 wsaa\">c<span class=\"_ _2\"></span>umsta<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span>s, it<span class=\"_ _2\"></span> is <span class=\"_ _2\"></span>th<span class=\"_ _2\"></span>e Group<span class=\"_ _2\"></span>\u2019<span class=\"_ _2\"></span>s obj<span class=\"_ _2\"></span>ecti<span class=\"_ _2\"></span>ve t<span class=\"_ _2\"></span>o ac<span class=\"_ _2\"></span>hie<span class=\"_ _2\"></span>ve</span><span class=\"ls1 ws0\"> </span>100%<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 ws78\">ef<span class=\"_ _2\"></span>fect<span class=\"_ _2\"></span>ive<span class=\"_ _2\"></span>ness<span class=\"_ _2\"></span>.<span class=\"_ _195\"> </span></span></span><span class=\"ls1 ws0\"><span class=\"ls49 ws78\"><span class=\"ls1 ws0\"> </span></span></span>Deriv<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ve f<span class=\"_ _2\"></span>inanc<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span>str<span class=\"_ _2\"></span>ument<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e ini<span class=\"_ _2\"></span>tial<span class=\"_ _2\"></span>ly r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d <span class=\"_ _2\"></span>at f<span class=\"_ _2\"></span>air <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>dat<span class=\"_ _2\"></span>e a d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ve c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span> is entered i<span class=\"_ _2\"></span>nto and ar<span class=\"_ _2\"></span>e sub<span class=\"_ _2\"></span>sequentl<span class=\"_ _2\"></span>y remeasur<span class=\"_ _2\"></span>ed to<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">their<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> each<span class=\"_ _2\"></span> bal<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> s<span class=\"_ _2\"></span>heet<span class=\"_ _2\"></span> date<span class=\"_ _2\"></span>. Th<span class=\"_ _2\"></span>e </span></span>resul<span class=\"_ _2\"></span>ting<span class=\"_ _2\"></span> g<span class=\"_ _2\"></span>ain or<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss o<span class=\"_ _2\"></span>n re<span class=\"_ _2\"></span>meas<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> is re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>ni<span class=\"ls48 ws32\">s<span class=\"_ _2\"></span>ed immedi<span class=\"_ _2\"></span>ately i<span class=\"_ _2\"></span>n the i<span class=\"_ _2\"></span>ncome sta<span class=\"_ _2\"></span>tement <span class=\"_ _2\"></span>unless </span>the d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ve i<span class=\"_ _2\"></span>s de<span class=\"_ _2\"></span>sign<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> ef<span class=\"_ _2\"></span>fect<span class=\"_ _2\"></span>ive <span class=\"_ _2\"></span>as <span class=\"_ _2\"></span>a hedg<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> ins<span class=\"_ _2\"></span>tru<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>, i<span class=\"_ _2\"></span>n whic<span class=\"_ _2\"></span>h <span class=\"_ _2\"></span>event<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e timi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>of t<span class=\"_ _2\"></span>he recog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> any re<span class=\"_ _2\"></span>sult<span class=\"_ _2\"></span>ant g<span class=\"_ _2\"></span>ain or<span class=\"_ _2\"></span> loss on t<span class=\"_ _2\"></span>he in<span class=\"_ _2\"></span>come<span class=\"_ _2\"></span> stat<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span> depend<span class=\"_ _2\"></span>s o<span class=\"_ _2\"></span>n the n<span class=\"_ _2\"></span>ature<span class=\"_ _2\"></span> of the it<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>m being he<span class=\"ls49 wsaa\">dged. T<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>mp<span class=\"_ _2\"></span>act i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent i<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>show<span class=\"_ _2\"></span>n in<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>erest<span class=\"_ _2\"></span>, f<span class=\"_ _2\"></span>oreig<span class=\"_ _2\"></span>n c<span class=\"_ _2\"></span>urr<span class=\"_ _2\"></span>ency e<span class=\"_ _2\"></span>xch<span class=\"_ _2\"></span>ang<span class=\"_ _2\"></span>e </span>gain (loss) or operating expenses as appropriate, based o<span class=\"_ _2\"></span>n the underlying <span class=\"ls49 ws78\">nat<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span> <span class=\"ls48 ws32\">of the deri<span class=\"_ _2\"></span>vative.<span class=\"_ _195\"> </span></span></span>(i) D<span class=\"_ _2\"></span>ete<span class=\"_ _2\"></span>rmin<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r va<span class=\"_ _2\"></span>lue<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The fair value <span class=\"_ _2\"></span>of interest r<span class=\"_ _2\"></span>ate swa<span class=\"_ _2\"></span>ps, cross<span class=\"ls1 ws0\">-<span class=\"ls49 wsaa\">curre<span class=\"_ _2\"></span>ncy<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st rat<span class=\"_ _2\"></span>e s<span class=\"_ _2\"></span>waps<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span>eign<span class=\"_ _2\"></span> exc<span class=\"_ _2\"></span>hang<span class=\"_ _2\"></span>e </span></span>cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>s is<span class=\"_ _2\"></span> ba<span class=\"_ _2\"></span>sed <span class=\"_ _2\"></span>on di<span class=\"_ _2\"></span>sco<span class=\"_ _2\"></span>unte<span class=\"_ _2\"></span>d ca<span class=\"_ _2\"></span>sh f<span class=\"_ _2\"></span>low m<span class=\"_ _2\"></span>ode<span class=\"_ _2\"></span>ls b<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span>d up<span class=\"_ _2\"></span>on t<span class=\"_ _2\"></span>he v<span class=\"_ _2\"></span>aluat<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>ns re<span class=\"_ _2\"></span>cei<span class=\"_ _2\"></span>ved f<span class=\"_ _2\"></span>rom<span class=\"_ _2\"></span> fina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al i<span class=\"_ _2\"></span>nstit<span class=\"_ _2\"></span>uti<span class=\"_ _2\"></span>ons,<span class=\"_ _2\"></span> tak<span class=\"_ _2\"></span>ing i<span class=\"_ _2\"></span>nto<span class=\"_ _2\"></span> ac<span class=\"_ _2\"></span>count<span class=\"_ _2\"></span> cu<span class=\"_ _2\"></span>rre<span class=\"_ _2\"></span>nt i<span class=\"_ _2\"></span>nter<span class=\"_ _2\"></span>est r<span class=\"_ _2\"></span>ates<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls2f ws2f\">fore<span class=\"_ _2\"></span>ign exchan<span class=\"ls61 wsac\">ge rates<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">and c<span class=\"_ _2\"></span>arb<span class=\"_ _2\"></span>on </span></span></span></span></span>emissions allowance prices<span class=\"ls1 ws0\">.<span class=\"_ _195\"> </span></span><span class=\"ls1 ws0\"> </span>(ii) Cash f<span class=\"_ _2\"></span>low hed<span class=\"_ _2\"></span>ges<span class=\"ls1 ws0\"> </span>The G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> app<span class=\"_ _2\"></span>lie<span class=\"_ _2\"></span>s ca<span class=\"_ _2\"></span>sh f<span class=\"_ _2\"></span>low <span class=\"_ _2\"></span>hed<span class=\"_ _2\"></span>ge a<span class=\"_ _2\"></span>ccou<span class=\"_ _2\"></span>nting<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> its<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st r<span class=\"_ _2\"></span>ate <span class=\"_ _2\"></span>swap<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd cr<span class=\"_ _2\"></span>oss<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls2f ws2f\">currency interest </span></span>rate<span class=\"_ _2\"></span> swap<span class=\"_ _2\"></span>s. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Where<span class=\"_ _2\"></span> a d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ve fi<span class=\"_ _2\"></span>na<span class=\"_ _2\"></span>ncial<span class=\"_ _2\"></span> inst<span class=\"_ _2\"></span>ru<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> is d<span class=\"_ _2\"></span>esi<span class=\"_ _2\"></span>gnate<span class=\"_ _2\"></span>d a<span class=\"_ _2\"></span>s a <span class=\"_ _2\"></span>hedg<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> vari<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>ity<span class=\"_ _2\"></span> in c<span class=\"_ _2\"></span>as<span class=\"_ _2\"></span>h flo<span class=\"_ _2\"></span>ws of<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span> recognised<span class=\"_ _2\"></span> asset<span class=\"_ _2\"></span> or liabili<span class=\"_ _2\"></span>ty, or<span class=\"_ _2\"></span> a hig<span class=\"_ _2\"></span>hly pr<span class=\"_ _2\"></span>obable for<span class=\"_ _2\"></span>ecast t<span class=\"_ _2\"></span>ransacti<span class=\"_ _2\"></span>on, t<span class=\"_ _2\"></span>he effecti<span class=\"_ _2\"></span>ve part<span class=\"_ _2\"></span> of any g<span class=\"_ _2\"></span>ain <span class=\"_ _2\"></span>or loss<span class=\"_ _2\"></span> on t<span class=\"_ _2\"></span>he d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vativ<span class=\"_ _2\"></span>e fi<span class=\"_ _2\"></span>na<span class=\"_ _2\"></span>ncial<span class=\"_ _2\"></span> ins<span class=\"_ _2\"></span>trum<span class=\"_ _2\"></span>ent i<span class=\"_ _2\"></span><span class=\"ls2f ws2f\">s reco<span class=\"_ _2\"></span>gnised directl<span class=\"_ _2\"></span>y in other c<span class=\"_ _2\"></span>omprehensive income<span class=\"_ _2\"></span>. </span>Any<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">ineffecti<span class=\"_ _2\"></span>ve porti<span class=\"_ _2\"></span>on of th<span class=\"_ _2\"></span>e hed<span class=\"_ _2\"></span>ge is rec<span class=\"_ _2\"></span>ognised imm<span class=\"_ _2\"></span>ediatel<span class=\"_ _2\"></span>y in the i<span class=\"_ _2\"></span>ncome <span class=\"_ _2\"></span>statement.<span class=\"_ _2\"></span></span> </span>When<span class=\"_ _2\"></span> the f<span class=\"_ _2\"></span>ore<span class=\"_ _2\"></span>cast<span class=\"_ _2\"></span> tr<span class=\"_ _2\"></span>ans<span class=\"_ _2\"></span>actio<span class=\"_ _2\"></span>n su<span class=\"_ _2\"></span>bseq<span class=\"_ _2\"></span>uent<span class=\"_ _2\"></span>ly <span class=\"_ _2\"></span>resul<span class=\"_ _2\"></span>ts i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> a <span class=\"_ _2\"></span>non<span class=\"ls1 ws0\">-</span><span class=\"ws7c\">fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al as<span class=\"_ _2\"></span>set or<span class=\"_ _2\"></span> non<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _195\"> </span></span></span>fina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al li<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>ity<span class=\"_ _2\"></span>, th<span class=\"_ _2\"></span>e a<span class=\"_ _2\"></span>ssoci<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> cum<span class=\"_ _2\"></span>ulati<span class=\"_ _2\"></span>ve<span class=\"_ _2\"></span> gai<span class=\"_ _2\"></span>n or<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">loss r<span class=\"_ _2\"></span>ecogni<span class=\"_ _2\"></span>sed in ot<span class=\"_ _2\"></span>her compr<span class=\"_ _2\"></span>ehensiv<span class=\"_ _2\"></span>e income i<span class=\"_ _2\"></span>s </span></span>removed and incl<span class=\"_ _2\"></span>uded in the i<span class=\"_ _2\"></span>nitial co<span class=\"_ _2\"></span>st or other <span class=\"ls49 wsaa\">c<span class=\"_ _2\"></span>arry<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls61 wsac\">the a<span class=\"_ _2\"></span>sset or<span class=\"ls1 ws0\"> <span class=\"ls54 ws83\">liability.</span> </span></span></span></span>If a <span class=\"_ _2\"></span>hedg<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> a f<span class=\"_ _2\"></span>orec<span class=\"_ _2\"></span>ast t<span class=\"_ _2\"></span>ra<span class=\"_ _2\"></span>nsact<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> sub<span class=\"_ _2\"></span>sequ<span class=\"_ _2\"></span>entl<span class=\"_ _2\"></span>y r<span class=\"_ _2\"></span>esul<span class=\"_ _2\"></span>ts i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>niti<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> a fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>ancial<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span>or a f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al li<span class=\"_ _2\"></span>abi<span class=\"_ _2\"></span>lity<span class=\"_ _2\"></span>, t<span class=\"_ _2\"></span>he a<span class=\"_ _2\"></span>ssoc<span class=\"_ _2\"></span>iat<span class=\"_ _2\"></span>ed g<span class=\"_ _2\"></span>ain<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> los<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> we<span class=\"_ _2\"></span>re r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d di<span class=\"_ _2\"></span>rect<span class=\"_ _2\"></span>ly i<span class=\"_ _2\"></span>n e<span class=\"_ _2\"></span>quit<span class=\"_ _2\"></span>y ar<span class=\"_ _2\"></span>e reclassified i<span class=\"_ _2\"></span>nto the income <span class=\"_ _2\"></span>statement in<span class=\"_ _2\"></span> the same pe<span class=\"_ _2\"></span>riod or perio<span class=\"_ _2\"></span>ds during which <span class=\"_ _2\"></span>the asset <span class=\"_ _2\"></span>acquired or liability assumed affects profit or loss, <span class=\"ls61 wsac\">th<span class=\"_ _2\"></span>at is,<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">when fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>ance i<span class=\"_ _2\"></span>nco<span class=\"_ _2\"></span>me or<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>ense<span class=\"_ _2\"></span></span> </span></span>is recognised.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>When a <span class=\"_ _2\"></span>hedging i<span class=\"_ _2\"></span>nstrument<span class=\"_ _2\"></span> expires <span class=\"_ _2\"></span>or is <span class=\"_ _2\"></span>sold, term<span class=\"_ _2\"></span>inated <span class=\"_ _2\"></span>or exerci<span class=\"_ _2\"></span>sed, or<span class=\"_ _2\"></span> the entit<span class=\"_ _2\"></span>y rev<span class=\"_ _2\"></span>okes desig<span class=\"_ _2\"></span>nati<span class=\"_ _2\"></span>on o<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>hedge<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>nshi<span class=\"_ _2\"></span>p b<span class=\"_ _2\"></span>ut th<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">hedged foreca<span class=\"_ _2\"></span>st transactio<span class=\"_ _2\"></span>n is still exp<span class=\"_ _2\"></span>ected to occ<span class=\"_ _2\"></span>ur, </span></span>the <span class=\"_ _2\"></span>cumul<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ve g<span class=\"_ _2\"></span>ain or<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss a<span class=\"_ _2\"></span>t t<span class=\"_ _2\"></span>hat p<span class=\"_ _2\"></span>oi<span class=\"_ _2\"></span>nt re<span class=\"_ _2\"></span>main<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>n equi<span class=\"_ _2\"></span>ty <span class=\"_ _2\"></span>and<span class=\"_ _2\"></span> is r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d i<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> <span class=\"ls2f ws2f\">accordance with t<span class=\"_ _2\"></span>he </span></span>above policy w<span class=\"_ _2\"></span>hen the tr<span class=\"_ _2\"></span>ansaction occurs.<span class=\"_ _2\"></span> If the hedg<span class=\"_ _2\"></span>ed transactio<span class=\"_ _2\"></span>n is no lo<span class=\"_ _2\"></span>nger expected t<span class=\"_ _2\"></span>o take place<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">cumul<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ve u<span class=\"_ _2\"></span>nreal<span class=\"_ _2\"></span>ise<span class=\"_ _2\"></span>d gai<span class=\"_ _2\"></span>n or<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss rec<span class=\"_ _2\"></span>og<span class=\"_ _2\"></span>nised<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n othe<span class=\"_ _2\"></span>r c<span class=\"_ _2\"></span>ompr<span class=\"_ _2\"></span>ehe<span class=\"_ _2\"></span>nsive<span class=\"_ _2\"></span> inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> is </span></span>recog<span class=\"_ _2\"></span>nis<span class=\"_ _2\"></span>ed i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>a<span class=\"ls48 ws32\">tement i<span class=\"_ _2\"></span>mmediately<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></span>Any u<span class=\"_ _2\"></span>nre<span class=\"_ _2\"></span>alis<span class=\"_ _2\"></span>ed a<span class=\"_ _2\"></span>nd r<span class=\"_ _2\"></span>eali<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> gai<span class=\"_ _2\"></span>ns or l<span class=\"_ _2\"></span>os<span class=\"_ _2\"></span>ses <span class=\"_ _2\"></span>on f<span class=\"_ _2\"></span>oreig<span class=\"_ _2\"></span>n e<span class=\"_ _2\"></span>x<span class=\"ls2f ws2f\">change f<span class=\"_ _2\"></span>orward contract<span class=\"_ _2\"></span>s are t<span class=\"_ _2\"></span>aken directly </span>to the i<span class=\"_ _2\"></span>ncome st<span class=\"_ _2\"></span>atement.<span class=\"_ _195\"> </span><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>(iii) Em<span class=\"_ _2\"></span>bed<span class=\"_ _2\"></span>ded <span class=\"ls4c ws79\">derivatives<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>Deriv<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ves e<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>dde<span class=\"_ _2\"></span>d in o<span class=\"_ _2\"></span>the<span class=\"_ _2\"></span>r fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> inst<span class=\"_ _2\"></span>rume<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span> or ot<span class=\"_ _2\"></span>her<span class=\"_ _2\"></span> hos<span class=\"_ _2\"></span>t <span class=\"_ _2\"></span>cont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> tre<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>as sep<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ate d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ves <span class=\"_ _2\"></span>when<span class=\"_ _2\"></span> thei<span class=\"_ _2\"></span>r ri<span class=\"_ _2\"></span>sk<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd c<span class=\"_ _2\"></span>haract<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>isti<span class=\"_ _2\"></span>cs ar<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>not c<span class=\"_ _2\"></span>los<span class=\"_ _2\"></span>ely<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>host c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>rac<span class=\"_ _2\"></span>t. Co<span class=\"_ _2\"></span>ntr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> assessed f<span class=\"_ _2\"></span>or emb<span class=\"_ _2\"></span>edded deri<span class=\"_ _2\"></span>vatives <span class=\"_ _2\"></span>at incep<span class=\"_ _2\"></span>tion <span class=\"ls49 wsaa\">of<span class=\"_ _2\"></span> suc<span class=\"_ _2\"></span>h c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>s or <span class=\"_ _2\"></span>whe<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up b<span class=\"_ _2\"></span>ecom<span class=\"_ _2\"></span>es p<span class=\"_ _2\"></span>art<span class=\"_ _2\"></span>y to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span>m. Emb<span class=\"_ _2\"></span>edd<span class=\"_ _2\"></span>ed d<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span>ves<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> ha<span class=\"_ _2\"></span>ve b<span class=\"_ _2\"></span>een <span class=\"_ _2\"></span>sep<span class=\"_ _2\"></span>arat<span class=\"_ _2\"></span>ed fr<span class=\"_ _2\"></span>om <span class=\"_ _2\"></span>host<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntr<span class=\"_ _2\"></span>acts <span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>e mea<span class=\"_ _2\"></span>sur<span class=\"_ _2\"></span>ed at<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> </span>at eac<span class=\"_ _2\"></span>h b<span class=\"_ _2\"></span>alanc<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>sheet<span class=\"_ _2\"></span> dat<span class=\"_ _2\"></span>e. A<span class=\"_ _2\"></span>ny g<span class=\"_ _2\"></span>ain<span class=\"_ _2\"></span>s or l<span class=\"_ _2\"></span>os<span class=\"_ _2\"></span>ses <span class=\"_ _2\"></span>arisi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> from<span class=\"_ _2\"></span> cha<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span>es in f<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span> v<span class=\"_ _2\"></span>alue <span class=\"_ _2\"></span>are <span class=\"ws78\">t<span class=\"_ _2\"></span>ak<span class=\"_ _2\"></span>en <span class=\"ls2f ws2f\">directly to<span class=\"ls1 ws0\"> </span></span></span>the i<span class=\"_ _2\"></span>nco<span class=\"_ _2\"></span>me st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent.<span class=\"_ _195\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-612": {
   "value": "<div class=\"gs8f\"><table class=\"s w19c h153\" id=\"_6a301b57-b09f-4b4a-9151-f7acf982a911\"><tr><td></td><td></td><td></td><td class=\"c x2ba y2e25 wd0 hbe\"><div class=\"t m0 x1c5 h85 y2307 ff17d fs3b fc2 sc0 ls65 ws9b\">November 30<span class=\"_ _2\"></span>, 20<span class=\"ls1b ws2f\">25</span><span class=\"ls1b ws2f\"><span class=\"ls1 ws0\"> </span></span></div></td><td></td><td></td><td></td><td class=\"c x32c y2e25 wd1 hbe\"><div class=\"t m0 x1ee h82 y2307 ff17f fs3b fc2 sc0 ls1 ws32\">November 30, 20<span class=\"ls78 wsbd\">24</span><span class=\"ws0\"> </span></div></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x2b3 h85 y2e26 ff17d fs3b fc2 sc0 ls1 ws0\">Total c<span class=\"ls65 ws99\">arrying<span class=\"_ _195\"> </span></span></td><td></td><td></td><td></td><td class=\"c x383 y2e27 w19d h103\"><div class=\"t m0 x245 h82 y29a6 ff17f fs3b fc2 sc0 ls1e ws2f\">Total carrying<span class=\"_ _195\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2e28 w150 h102\"><div class=\"t m0 x245 h82 y29a6 ff17f fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2b9 h82 y29a7 ff17f fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x384 y2e29 w5e hb4\"><div class=\"t m0 x187 h85 y1fa2 ff17d fs3b fc2 sc0 ls65 ws99\">Current<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e29 wc6 hb4\"><div class=\"t m0 x19e h85 y1fa2 ff17d fs3b fc2 sc0 ls1d ws31\">Non<span class=\"ls1 ws0\">-current</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e29 w5f hb4\"><div class=\"t m0 xaf h85 y208f ff17d fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x186 h85 y1fa2 ff17d fs3b fc2 sc0 ls1 ws0\"> <span class=\"ls65 ws99\">value</span> </div></td><td class=\"c x387 y2e29 w5e hb4\"><div class=\"t m0 x17b h85 y1fa2 ff17d fs3b fc2 sc0 ls65 ws99\">Fair <span class=\"ls1 ws0\">v</span>alue<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e29 w5c hb4\"><div class=\"t m0 x187 h82 y1fa2 ff17f fs3b fc2 sc0 ls38 ws5e\">Curre<span class=\"_ _1\"></span>nt<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e29 w5f hb4\"><div class=\"t m0 x191 h82 y1fa2 ff17f fs3b fc2 sc0 ls1 ws0\">Non-<span class=\"ls1e ws32\">current</span> </div></td><td class=\"c x389 y2e2a w19e h103\"><div class=\"t m0 x245 h82 y29a6 ff17f fs3b fc2 sc0 ls2d ws4a\">value<span class=\"_ _195\"> </span></div></td><td class=\"c x2ae y2e29 w5c hb4\"><div class=\"t m0 x197 h82 y1fa2 ff17f fs3b fc2 sc0 ls1e ws32\">Fair <span class=\"ls1 ws0\">v<span class=\"ls2d ws4a\">alue</span></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e2b wcf ha4\"><div class=\"t m0 x0 h87 y1c18 ff17d fs3a fc2 sc0 ls2c ws91\">Financial <span class=\"ls1 ws0\">A<span class=\"_ _1\"></span><span class=\"ls27 ws3f\">ssets</span></span><span class=\"ls1 ws0\"><span class=\"ls27 ws3f\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e2c wcf h86\"><div class=\"t m0 x0 h91 y1bea ff17e fs3a fc2 sc0 ls2b wscf\">Financial<span class=\"_ _2\"></span> assets a<span class=\"_ _2\"></span>t FVTOCI<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e2d wcf h86\"><div class=\"t m0 x0 h88 y1be8 ff17f fs3a fc2 sc0 ls24 ws3a\">Investments in equity instruments<span class=\"ls1 ws0\"> <span class=\"ff180\">\u2013<span class=\"_ _1\"></span><span class=\"ff17f\"> <span class=\"ls29 ws44\">listed</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ff180\"><span class=\"ff17f\"> </span></span></span></div></td><td class=\"c x384 y2e2d w5e h86\"><div class=\"t m0 x1be h87 y1be8 ff181 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span></div></td><td class=\"c x385 y2e2d wc6 h86\"><div class=\"t m0 x17a h87 y1be8 ff17d fs3a fc2 sc0 ls21 ws35\">248,<span class=\"_ _2\"></span>350<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e2d w5f h86\"><div class=\"t m0 x17a h87 y1be8 ff17d fs3a fc2 sc0 ls21 ws35\">248,<span class=\"_ _2\"></span>350<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e2d w5e h86\"><div class=\"t m0 x17a h87 y1be8 ff17d fs3a fc2 sc0 ls21 ws35\">248,<span class=\"_ _2\"></span>350<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e2d w5c h86\"><div class=\"t m0 x1be h88 y1be8 ff180 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff17f\"> </span></div></td><td class=\"c x388 y2e2d w5f h86\"><div class=\"t m0 x17b h88 y1be8 ff17f fs3a fc2 sc0 ls20 ws36\">205,274<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e2d w5f h86\"><div class=\"t m0 x17b h88 y1be8 ff17f fs3a fc2 sc0 ls20 ws36\">205,274<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e2d w5c h86\"><div class=\"t m0 x17b h88 y1be8 ff17f fs3a fc2 sc0 ls20 ws36\">205,274<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e2e wcf h8a\"><div class=\"t m0 x0 h91 y1c65 ff17e fs3a fc2 sc0 ls2b wscf\">Financial<span class=\"_ _2\"></span> assets a<span class=\"_ _2\"></span>t amorti<span class=\"_ _2\"></span>sed cos<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e2f wcf h86\"><div class=\"t m0 x0 h88 y1bef ff17f fs3a fc2 sc0 ls24 ws3a\">Cash and cash equivalents<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x384 y2e2f w5e h86\"><div class=\"t m0 x17b h87 y1bef ff17d fs3a fc2 sc0 ls76 wsb9\">144,557<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e2f wc6 h86\"><div class=\"t m0 x1be h87 y1bef ff181 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span></div></td><td class=\"c x386 y2e2f w5f h86\"><div class=\"t m0 x17b h87 y1bef ff17d fs3a fc2 sc0 ls76 wsb9\">144,557<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e2f w5e h86\"><div class=\"t m0 x17b h87 y1bef ff17d fs3a fc2 sc0 ls76 wsb9\">144,557<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e2f w5c h86\"><div class=\"t m0 x197 h88 y1bef ff17f fs3a fc2 sc0 ls7f wsd9\">334,738<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e2f w5f h86\"><div class=\"t m0 x1be h88 y1bef ff180 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff17f\"> </span></div></td><td class=\"c x2b2 y2e2f w5f h86\"><div class=\"t m0 x17b h88 y1bef ff17f fs3a fc2 sc0 ls20 ws36\">334,738<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e2f w5c h86\"><div class=\"t m0 x17b h88 y1bef ff17f fs3a fc2 sc0 ls20 ws36\">334,738<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e30 wcf h86\"><div class=\"t m0 x0 h88 y1c4c ff17f fs3a fc2 sc0 ls26 ws3d\">Trade receiv<span class=\"_ _1\"></span>ables<span class=\"ls23 ws4b\">, excluding<span class=\"_ _1\"></span> contract receivab<span class=\"_ _1\"></span>les</span><span class=\"ls23 ws4b\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x384 y2e30 w5e h86\"><div class=\"t m0 x17b h87 y1c4c ff17d fs3a fc2 sc0 ls76 wsb9\">330,096<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e30 wc6 h86\"><div class=\"t m0 x1be h87 y1c4c ff181 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span></div></td><td class=\"c x386 y2e30 w5f h86\"><div class=\"t m0 x17a h87 y1c4c ff17d fs3a fc2 sc0 ls21 ws35\">330,<span class=\"_ _2\"></span>096<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e30 w5e h86\"><div class=\"t m0 x17a h87 y1c4c ff17d fs3a fc2 sc0 ls21 ws35\">330,<span class=\"_ _2\"></span>096<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e30 w5c h86\"><div class=\"t m0 x197 h88 y1c4c ff17f fs3a fc2 sc0 ls7f wsd9\">359,530<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e30 w5f h86\"><div class=\"t m0 x1be h88 y1c4c ff180 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff17f\"> </span></div></td><td class=\"c x2b2 y2e30 w5f h86\"><div class=\"t m0 x197 h88 y1c4c ff17f fs3a fc2 sc0 ls7f wsd9\">359,530<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e30 w5c h86\"><div class=\"t m0 x197 h88 y1c4c ff17f fs3a fc2 sc0 ls7f wsd9\">359,530<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e31 wcf h8a\"><div class=\"t m0 x0 h88 y1c3f ff17f fs3a fc2 sc0 ls24 ws3a\">Loans and advances to joint ventur<span class=\"_ _2\"></span>es<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2e ws4c\">and<span class=\"_ _2\"></span> associates</span></span><span class=\"ls1 ws0\"><span class=\"ls2e ws4c\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x384 y2e31 w5e h8a\"><div class=\"t m0 x1be h87 y1c3f ff181 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span></div></td><td class=\"c x385 y2e31 wc6 h8a\"><div class=\"t m0 x17f h87 y1c3f ff17d fs3a fc2 sc0 ls23 ws39\">72,893<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e31 w5f h8a\"><div class=\"t m0 x17f h87 y1c3f ff17d fs3a fc2 sc0 ls23 ws39\">72,893<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e31 w5e h8a\"><div class=\"t m0 x17f h87 y1c3f ff17d fs3a fc2 sc0 ls23 ws39\">72,893<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e31 w5c h8a\"><div class=\"t m0 x1be h88 y1c3f ff180 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff17f\"> </span></div></td><td class=\"c x388 y2e31 w5f h8a\"><div class=\"t m0 x180 h88 y1c3f ff17f fs3a fc2 sc0 ls20 ws36\">81,372<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e31 w5f h8a\"><div class=\"t m0 x180 h88 y1c3f ff17f fs3a fc2 sc0 ls20 ws36\">81,372<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e31 w5c h8a\"><div class=\"t m0 x180 h88 y1c3f ff17f fs3a fc2 sc0 ls20 ws36\">81,372<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e32 wcf h86\"><div class=\"t m0 x0 h88 y1bf4 ff17f fs3a fc2 sc0 ls23 ws4b\">Other curren<span class=\"_ _1\"></span>t assets<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span> </span></div></td><td class=\"c x384 y2e32 w5e h86\"><div class=\"t m0 x17f h87 y1bf4 ff17d fs3a fc2 sc0 ls23 ws39\">31,956<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e32 wc6 h86\"><div class=\"t m0 x1be h87 y1bf4 ff181 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span></div></td><td class=\"c x386 y2e32 w5f h86\"><div class=\"t m0 x17f h87 y1bf4 ff17d fs3a fc2 sc0 ls23 ws39\">31,956<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e32 w5e h86\"><div class=\"t m0 x17f h87 y1bf4 ff17d fs3a fc2 sc0 ls23 ws39\">31,956<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e32 w5c h86\"><div class=\"t m0 x180 h88 y1bf4 ff17f fs3a fc2 sc0 ls20 ws36\">34,885<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e32 w5f h86\"><div class=\"t m0 x1be h88 y1bf4 ff180 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff17f\"> </span></div></td><td class=\"c x2b2 y2e32 w5f h86\"><div class=\"t m0 x180 h88 y1bf4 ff17f fs3a fc2 sc0 ls20 ws36\">34,885<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e32 w5c h86\"><div class=\"t m0 x180 h88 y1bf4 ff17f fs3a fc2 sc0 ls20 ws36\">34,885<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x384 y2e33 w5e h86\"><div class=\"t m0 x17b h87 y1bfa ff17d fs3a fc2 sc0 ls76 wsb9\">506,609<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e33 wc6 h86\"><div class=\"t m0 x17a h87 y1bfa ff17d fs3a fc2 sc0 ls21 ws35\">321,<span class=\"_ _2\"></span>243<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e33 w5f h86\"><div class=\"t m0 x17a h87 y1bfa ff17d fs3a fc2 sc0 ls21 ws35\">827,<span class=\"_ _2\"></span>852<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e33 w5e h86\"><div class=\"t m0 x17a h87 y1bfa ff17d fs3a fc2 sc0 ls21 ws35\">827,<span class=\"_ _2\"></span>852<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e33 w5c h86\"><div class=\"t m0 x197 h88 y1bfa ff17f fs3a fc2 sc0 ls7f wsd9\">729,153<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e33 w5f h86\"><div class=\"t m0 x17b h88 y1bfa ff17f fs3a fc2 sc0 ls20 ws36\">286,646<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e33 w5f h86\"><div class=\"t m0 x17c h88 y1bfa ff17f fs3a fc2 sc0 ls20 ws36\">1,015,799<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e33 w5c h86\"><div class=\"t m0 x17c h88 y1bfa ff17f fs3a fc2 sc0 ls20 ws36\">1,015,799<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e34 wcf h86\"><div class=\"t m0 x0 h87 y1bf8 ff17d fs3a fc2 sc0 ls2c ws5a\">Financial Liabilities<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e35 wcf h8a\"><div class=\"t m0 x0 h88 y1bf6 ff17e fs3a fc2 sc0 ls25 ws42\">Financial liabilities at<span class=\"_ _2\"></span> amortised cost<span class=\"_ _2\"></span><span class=\"ff17f ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e36 wcf ha1\"><div class=\"t m0 x0 h88 y1bf8 ff17f fs3a fc2 sc0 ls24 ws3a\">Accounts payables, excluding withholding and value<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls28\">adde<span class=\"_ _2\"></span>d ta<span class=\"_ _2\"></span>xes</span></span><span class=\"ls1 ws0\"><span class=\"ls28\"><span class=\"ls1\"> </span></span></span></div></td><td class=\"c x384 y2e36 w5e ha1\"><div class=\"t m0 x17b h87 y1bf8 ff17d fs3a fc2 sc0 ls76 wsb9\">117,080<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e36 wc6 ha1\"><div class=\"t m0 x1be h87 y1bf8 ff181 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span></div></td><td class=\"c x386 y2e36 w5f ha1\"><div class=\"t m0 x17b h87 y1bf8 ff17d fs3a fc2 sc0 ls76 wsb9\">117,080<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e36 w5e ha1\"><div class=\"t m0 x17b h87 y1bf8 ff17d fs3a fc2 sc0 ls76 wsb9\">117,080<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e36 w5c ha1\"><div class=\"t m0 x181 h88 y1bf8 ff17f fs3a fc2 sc0 ls7f wsd9\">88,320<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e36 w5f ha1\"><div class=\"t m0 x1be h88 y1bf8 ff180 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff17f\"> </span></div></td><td class=\"c x2b2 y2e36 w5f ha1\"><div class=\"t m0 x181 h88 y1bf8 ff17f fs3a fc2 sc0 ls7f wsd9\">88,320<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e36 w5c ha1\"><div class=\"t m0 x181 h88 y1bf8 ff17f fs3a fc2 sc0 ls7f wsd9\">88,320<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e37 wcf h93\"><div class=\"t m0 x0 h88 y243b ff17f fs3a fc2 sc0 ls26 ws3d\">Accrued expenses a<span class=\"_ _1\"></span>nd accrued voyage expenses<span class=\"_ _1\"></span><span class=\"ls29 ws42\">, ex<span class=\"_ _2\"></span>cluding co<span class=\"_ _2\"></span>ntract<span class=\"_ _2\"></span> liabilities a<span class=\"_ _2\"></span>nd </span></div><div class=\"t m0 x0 h88 y1c50 ff17f fs3a fc2 sc0 ls26 ws3d\">deferred rev<span class=\"_ _1\"></span>enue<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x384 y2e37 w5e h93\"><div class=\"t m0 x17b h87 y1c50 ff17d fs3a fc2 sc0 ls76 wsb9\">282,144<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e37 wc6 h93\"><div class=\"t m0 x1be h87 y1c50 ff181 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span></div></td><td class=\"c x386 y2e37 w5f h93\"><div class=\"t m0 x17b h87 y1c50 ff17d fs3a fc2 sc0 ls76 wsb9\">282,144<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e37 w5e h93\"><div class=\"t m0 x17b h87 y1c50 ff17d fs3a fc2 sc0 ls76 wsb9\">282,144<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e37 w5c h93\"><div class=\"t m0 x197 h88 y1c50 ff17f fs3a fc2 sc0 ls7f wsd9\">291,209<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e37 w5f h93\"><div class=\"t m0 x1be h88 y1c50 ff180 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff17f\"> </span></div></td><td class=\"c x2b2 y2e37 w5f h93\"><div class=\"t m0 x197 h88 y1c50 ff17f fs3a fc2 sc0 ls7f wsd9\">291,209<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e37 w5c h93\"><div class=\"t m0 x197 h88 y1c50 ff17f fs3a fc2 sc0 ls7f wsd9\">291,209<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e38 wcf h86\"><div class=\"t m0 x0 h88 y1bde ff17f fs3a fc2 sc0 ls29 ws42\">Dividend paya<span class=\"_ _2\"></span>ble<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x384 y2e38 w5e h86\"><div class=\"t m0 x180 h87 y1bde ff17d fs3a fc2 sc0 ls76 wsb9\">53,177<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e38 wc6 h86\"><div class=\"t m0 x1be h87 y1bde ff181 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span></div></td><td class=\"c x386 y2e38 w5f h86\"><div class=\"t m0 x17f h87 y1bde ff17d fs3a fc2 sc0 ls23 ws39\">53,177<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e38 w5e h86\"><div class=\"t m0 x17f h87 y1bde ff17d fs3a fc2 sc0 ls23 ws39\">53,177<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e38 w5c h86\"><div class=\"t m0 x181 h88 y1bde ff17f fs3a fc2 sc0 ls7f wsd9\">66,972<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e38 w5f h86\"><div class=\"t m0 x1be h88 y1bde ff180 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff17f\"> </span></div></td><td class=\"c x2b2 y2e38 w5f h86\"><div class=\"t m0 x181 h88 y1bde ff17f fs3a fc2 sc0 ls7f wsd9\">66,972<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e38 w5c h86\"><div class=\"t m0 x181 h88 y1bde ff17f fs3a fc2 sc0 ls7f wsd9\">66,972<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e39 wcf h8a\"><div class=\"t m0 x0 h88 y1c2d ff17f fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease<span class=\"_ _2\"></span> obligations,<span class=\"_ _2\"></span> includin<span class=\"_ _2\"></span>g curre<span class=\"_ _2\"></span>nt maturit<span class=\"_ _2\"></span>ies</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x384 y2e39 w5e h8a\"><div class=\"t m0 x180 h87 y1c2d ff17d fs3a fc2 sc0 ls76 wsb9\">75,032<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e39 wc6 h8a\"><div class=\"t m0 x17b h87 y1c2d ff17d fs3a fc2 sc0 ls76 wsb9\">327,156<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e39 w5f h8a\"><div class=\"t m0 x17a h87 y1c2d ff17d fs3a fc2 sc0 ls21 ws35\">402,<span class=\"_ _2\"></span>188<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e39 w5e h8a\"><div class=\"t m0 x17a h87 y1c2d ff17d fs3a fc2 sc0 ls21 ws35\">402,<span class=\"_ _2\"></span>188<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e39 w5c h8a\"><div class=\"t m0 x181 h88 y1c2d ff17f fs3a fc2 sc0 ls7f wsd9\">58,581<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e39 w5f h8a\"><div class=\"t m0 x197 h88 y1c2d ff17f fs3a fc2 sc0 ls7f wsd9\">285,430<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e39 w5f h8a\"><div class=\"t m0 x17b h88 y1c2d ff17f fs3a fc2 sc0 ls20 ws36\">344,011<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e39 w5c h8a\"><div class=\"t m0 x17b h88 y1c2d ff17f fs3a fc2 sc0 ls20 ws36\">344,011<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x246 y2e3a w19f hfa\"><div class=\"t m0 x245 h88 y2933 ff17f fs3a fc2 sc0 ls22 ws3e\">Short<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2e ws4c\">ter<span class=\"_ _2\"></span>m loans and l<span class=\"ls24 ws3b\">ong<span class=\"ls1 ws0\">-<span class=\"ls23 ws4b\">term<span class=\"_ _1\"></span> debt, includi<span class=\"_ _1\"></span>ng current maturi<span class=\"_ _1\"></span>ties<span class=\"ls1 ws0\"> <span class=\"ls2e ws5c\">and <span class=\"_ _1\"></span><span class=\"ls28 wsc0\">ex<span class=\"_ _2\"></span>cluding de<span class=\"_ _2\"></span>bt<span class=\"_ _195\"> </span></span></span></span></span></span></span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x246 y2e3b w1a0 hfa\"><div class=\"t m0 x245 h88 y2933 ff17f fs3a fc2 sc0 ls25 ws3c\">issuance costs<span class=\"_ _195\"> </span></div></td><td class=\"c x384 y2e3c w5e h90\"><div class=\"t m0 x17b h87 y1c2d ff17d fs3a fc2 sc0 ls76 wsb9\">361,550<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e3c wc6 h90\"><div class=\"t m0 x17c h87 y1c2d ff17d fs3a fc2 sc0 ls76 wsb9\">1,855,520<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e3c w5f h90\"><div class=\"t m0 x175 h87 y1c2d ff17d fs3a fc2 sc0 ls21 ws35\">2,21<span class=\"_ _2\"></span>7,070<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e3c w5e h90\"><div class=\"t m0 x175 h87 y1c2d ff17d fs3a fc2 sc0 ls21 ws35\">2,32<span class=\"_ _2\"></span>6,668<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e3c w5c h90\"><div class=\"t m0 x197 h88 y1c2d ff17f fs3a fc2 sc0 ls7f wsd9\">200,446<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e3c w5f h90\"><div class=\"t m0 x17d h88 y1c2d ff17f fs3a fc2 sc0 ls85 wsda\">1,<span class=\"_ _2\"></span>660,0<span class=\"_ _2\"></span>51<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e3c w5f h90\"><div class=\"t m0 x17c h88 y1c2d ff17f fs3a fc2 sc0 ls20 ws36\">1,860,497<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e3c w5c h90\"><div class=\"t m0 x17c h88 y1c2d ff17f fs3a fc2 sc0 ls20 ws36\">1,979,333<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e3d wcf h86\"><div class=\"t m0 x0 h88 y1bde ff17f fs3a fc2 sc0 ls29 ws42\">Other cur<span class=\"_ _2\"></span>rent liabilit<span class=\"_ _2\"></span>ies<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x384 y2e3d w5e h86\"><div class=\"t m0 x180 h87 y1bde ff17d fs3a fc2 sc0 ls76 wsb9\">42,918<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e3d wc6 h86\"><div class=\"t m0 x1be h87 y1bde ff181 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span></div></td><td class=\"c x386 y2e3d w5f h86\"><div class=\"t m0 x17f h87 y1bde ff17d fs3a fc2 sc0 ls23 ws39\">42,918<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e3d w5e h86\"><div class=\"t m0 x17f h87 y1bde ff17d fs3a fc2 sc0 ls23 ws39\">42,918<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e3d w5c h86\"><div class=\"t m0 x181 h88 y1bde ff17f fs3a fc2 sc0 ls7f wsd9\">56,031<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e3d w5f h86\"><div class=\"t m0 x1be h88 y1bde ff180 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff17f\"> </span></div></td><td class=\"c x2b2 y2e3d w5f h86\"><div class=\"t m0 x181 h88 y1bde ff17f fs3a fc2 sc0 ls7f wsd9\">56,031<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e3d w5c h86\"><div class=\"t m0 x181 h88 y1bde ff17f fs3a fc2 sc0 ls7f wsd9\">56,031<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x24e h87 y2e3e ff17d fs3a fc2 sc0 ls76 wsb9\">931,901<span class=\"_ _195\"> </span></td><td class=\"t m0 x38a h87 y2e3e ff17d fs3a fc2 sc0 ls76 wsb9\">2,182,676<span class=\"_ _195\"> </span></td><td class=\"t m0 x30d h87 y2e3e ff17d fs3a fc2 sc0 ls21 ws35\">3,11<span class=\"_ _2\"></span>4,577<span class=\"_ _195\"> </span></td><td class=\"t m0 x38b h87 y2e3e ff17d fs3a fc2 sc0 ls21 ws35\">3,22<span class=\"_ _2\"></span>4,175<span class=\"_ _195\"> </span></td><td class=\"t m0 x38c h88 y2e3e ff17f fs3a fc2 sc0 ls7f wsd9\">761,559<span class=\"_ _195\"> </span></td><td class=\"t m0 x38d h88 y2e3e ff17f fs3a fc2 sc0 ls85 wsda\">1,<span class=\"_ _2\"></span>945,4<span class=\"_ _2\"></span>81<span class=\"_ _195\"> </span></td><td class=\"t m0 x38e h88 y2e3e ff17f fs3a fc2 sc0 ls20 ws36\">2,707,040<span class=\"_ _195\"> </span></td><td class=\"t m0 x38f h88 y2e3e ff17f fs3a fc2 sc0 ls20 ws36\">2,825,876<span class=\"_ _195\"> </span></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-653": {
   "value": "<table class=\"s w19c h153\" id=\"_6a301b57-b09f-4b4a-9151-f7acf982a911\"><tr><td></td><td></td><td></td><td class=\"c x2ba y2e25 wd0 hbe\"><div class=\"t m0 x1c5 h85 y2307 ff17d fs3b fc2 sc0 ls65 ws9b\">November 30<span class=\"_ _2\"></span>, 20<span class=\"ls1b ws2f\">25</span><span class=\"ls1b ws2f\"><span class=\"ls1 ws0\"> </span></span></div></td><td></td><td></td><td></td><td class=\"c x32c y2e25 wd1 hbe\"><div class=\"t m0 x1ee h82 y2307 ff17f fs3b fc2 sc0 ls1 ws32\">November 30, 20<span class=\"ls78 wsbd\">24</span><span class=\"ws0\"> </span></div></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x2b3 h85 y2e26 ff17d fs3b fc2 sc0 ls1 ws0\">Total c<span class=\"ls65 ws99\">arrying<span class=\"_ _195\"> </span></span></td><td></td><td></td><td></td><td class=\"c x383 y2e27 w19d h103\"><div class=\"t m0 x245 h82 y29a6 ff17f fs3b fc2 sc0 ls1e ws2f\">Total carrying<span class=\"_ _195\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2e28 w150 h102\"><div class=\"t m0 x245 h82 y29a6 ff17f fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2b9 h82 y29a7 ff17f fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x384 y2e29 w5e hb4\"><div class=\"t m0 x187 h85 y1fa2 ff17d fs3b fc2 sc0 ls65 ws99\">Current<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e29 wc6 hb4\"><div class=\"t m0 x19e h85 y1fa2 ff17d fs3b fc2 sc0 ls1d ws31\">Non<span class=\"ls1 ws0\">-current</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e29 w5f hb4\"><div class=\"t m0 xaf h85 y208f ff17d fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x186 h85 y1fa2 ff17d fs3b fc2 sc0 ls1 ws0\"> <span class=\"ls65 ws99\">value</span> </div></td><td class=\"c x387 y2e29 w5e hb4\"><div class=\"t m0 x17b h85 y1fa2 ff17d fs3b fc2 sc0 ls65 ws99\">Fair <span class=\"ls1 ws0\">v</span>alue<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e29 w5c hb4\"><div class=\"t m0 x187 h82 y1fa2 ff17f fs3b fc2 sc0 ls38 ws5e\">Curre<span class=\"_ _1\"></span>nt<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e29 w5f hb4\"><div class=\"t m0 x191 h82 y1fa2 ff17f fs3b fc2 sc0 ls1 ws0\">Non-<span class=\"ls1e ws32\">current</span> </div></td><td class=\"c x389 y2e2a w19e h103\"><div class=\"t m0 x245 h82 y29a6 ff17f fs3b fc2 sc0 ls2d ws4a\">value<span class=\"_ _195\"> </span></div></td><td class=\"c x2ae y2e29 w5c hb4\"><div class=\"t m0 x197 h82 y1fa2 ff17f fs3b fc2 sc0 ls1e ws32\">Fair <span class=\"ls1 ws0\">v<span class=\"ls2d ws4a\">alue</span></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e2b wcf ha4\"><div class=\"t m0 x0 h87 y1c18 ff17d fs3a fc2 sc0 ls2c ws91\">Financial <span class=\"ls1 ws0\">A<span class=\"_ _1\"></span><span class=\"ls27 ws3f\">ssets</span></span><span class=\"ls1 ws0\"><span class=\"ls27 ws3f\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e2c wcf h86\"><div class=\"t m0 x0 h91 y1bea ff17e fs3a fc2 sc0 ls2b wscf\">Financial<span class=\"_ _2\"></span> assets a<span class=\"_ _2\"></span>t FVTOCI<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e2d wcf h86\"><div class=\"t m0 x0 h88 y1be8 ff17f fs3a fc2 sc0 ls24 ws3a\">Investments in equity instruments<span class=\"ls1 ws0\"> <span class=\"ff180\">\u2013<span class=\"_ _1\"></span><span class=\"ff17f\"> <span class=\"ls29 ws44\">listed</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ff180\"><span class=\"ff17f\"> </span></span></span></div></td><td class=\"c x384 y2e2d w5e h86\"><div class=\"t m0 x1be h87 y1be8 ff181 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span></div></td><td class=\"c x385 y2e2d wc6 h86\"><div class=\"t m0 x17a h87 y1be8 ff17d fs3a fc2 sc0 ls21 ws35\">248,<span class=\"_ _2\"></span>350<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e2d w5f h86\"><div class=\"t m0 x17a h87 y1be8 ff17d fs3a fc2 sc0 ls21 ws35\">248,<span class=\"_ _2\"></span>350<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e2d w5e h86\"><div class=\"t m0 x17a h87 y1be8 ff17d fs3a fc2 sc0 ls21 ws35\">248,<span class=\"_ _2\"></span>350<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e2d w5c h86\"><div class=\"t m0 x1be h88 y1be8 ff180 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff17f\"> </span></div></td><td class=\"c x388 y2e2d w5f h86\"><div class=\"t m0 x17b h88 y1be8 ff17f fs3a fc2 sc0 ls20 ws36\">205,274<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e2d w5f h86\"><div class=\"t m0 x17b h88 y1be8 ff17f fs3a fc2 sc0 ls20 ws36\">205,274<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e2d w5c h86\"><div class=\"t m0 x17b h88 y1be8 ff17f fs3a fc2 sc0 ls20 ws36\">205,274<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e2e wcf h8a\"><div class=\"t m0 x0 h91 y1c65 ff17e fs3a fc2 sc0 ls2b wscf\">Financial<span class=\"_ _2\"></span> assets a<span class=\"_ _2\"></span>t amorti<span class=\"_ _2\"></span>sed cos<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e2f wcf h86\"><div class=\"t m0 x0 h88 y1bef ff17f fs3a fc2 sc0 ls24 ws3a\">Cash and cash equivalents<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x384 y2e2f w5e h86\"><div class=\"t m0 x17b h87 y1bef ff17d fs3a fc2 sc0 ls76 wsb9\">144,557<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e2f wc6 h86\"><div class=\"t m0 x1be h87 y1bef ff181 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span></div></td><td class=\"c x386 y2e2f w5f h86\"><div class=\"t m0 x17b h87 y1bef ff17d fs3a fc2 sc0 ls76 wsb9\">144,557<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e2f w5e h86\"><div class=\"t m0 x17b h87 y1bef ff17d fs3a fc2 sc0 ls76 wsb9\">144,557<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e2f w5c h86\"><div class=\"t m0 x197 h88 y1bef ff17f fs3a fc2 sc0 ls7f wsd9\">334,738<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e2f w5f h86\"><div class=\"t m0 x1be h88 y1bef ff180 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff17f\"> </span></div></td><td class=\"c x2b2 y2e2f w5f h86\"><div class=\"t m0 x17b h88 y1bef ff17f fs3a fc2 sc0 ls20 ws36\">334,738<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e2f w5c h86\"><div class=\"t m0 x17b h88 y1bef ff17f fs3a fc2 sc0 ls20 ws36\">334,738<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e30 wcf h86\"><div class=\"t m0 x0 h88 y1c4c ff17f fs3a fc2 sc0 ls26 ws3d\">Trade receiv<span class=\"_ _1\"></span>ables<span class=\"ls23 ws4b\">, excluding<span class=\"_ _1\"></span> contract receivab<span class=\"_ _1\"></span>les</span><span class=\"ls23 ws4b\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x384 y2e30 w5e h86\"><div class=\"t m0 x17b h87 y1c4c ff17d fs3a fc2 sc0 ls76 wsb9\">330,096<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e30 wc6 h86\"><div class=\"t m0 x1be h87 y1c4c ff181 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span></div></td><td class=\"c x386 y2e30 w5f h86\"><div class=\"t m0 x17a h87 y1c4c ff17d fs3a fc2 sc0 ls21 ws35\">330,<span class=\"_ _2\"></span>096<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e30 w5e h86\"><div class=\"t m0 x17a h87 y1c4c ff17d fs3a fc2 sc0 ls21 ws35\">330,<span class=\"_ _2\"></span>096<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e30 w5c h86\"><div class=\"t m0 x197 h88 y1c4c ff17f fs3a fc2 sc0 ls7f wsd9\">359,530<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e30 w5f h86\"><div class=\"t m0 x1be h88 y1c4c ff180 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff17f\"> </span></div></td><td class=\"c x2b2 y2e30 w5f h86\"><div class=\"t m0 x197 h88 y1c4c ff17f fs3a fc2 sc0 ls7f wsd9\">359,530<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e30 w5c h86\"><div class=\"t m0 x197 h88 y1c4c ff17f fs3a fc2 sc0 ls7f wsd9\">359,530<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e31 wcf h8a\"><div class=\"t m0 x0 h88 y1c3f ff17f fs3a fc2 sc0 ls24 ws3a\">Loans and advances to joint ventur<span class=\"_ _2\"></span>es<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2e ws4c\">and<span class=\"_ _2\"></span> associates</span></span><span class=\"ls1 ws0\"><span class=\"ls2e ws4c\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x384 y2e31 w5e h8a\"><div class=\"t m0 x1be h87 y1c3f ff181 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span></div></td><td class=\"c x385 y2e31 wc6 h8a\"><div class=\"t m0 x17f h87 y1c3f ff17d fs3a fc2 sc0 ls23 ws39\">72,893<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e31 w5f h8a\"><div class=\"t m0 x17f h87 y1c3f ff17d fs3a fc2 sc0 ls23 ws39\">72,893<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e31 w5e h8a\"><div class=\"t m0 x17f h87 y1c3f ff17d fs3a fc2 sc0 ls23 ws39\">72,893<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e31 w5c h8a\"><div class=\"t m0 x1be h88 y1c3f ff180 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff17f\"> </span></div></td><td class=\"c x388 y2e31 w5f h8a\"><div class=\"t m0 x180 h88 y1c3f ff17f fs3a fc2 sc0 ls20 ws36\">81,372<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e31 w5f h8a\"><div class=\"t m0 x180 h88 y1c3f ff17f fs3a fc2 sc0 ls20 ws36\">81,372<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e31 w5c h8a\"><div class=\"t m0 x180 h88 y1c3f ff17f fs3a fc2 sc0 ls20 ws36\">81,372<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e32 wcf h86\"><div class=\"t m0 x0 h88 y1bf4 ff17f fs3a fc2 sc0 ls23 ws4b\">Other curren<span class=\"_ _1\"></span>t assets<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span> </span></div></td><td class=\"c x384 y2e32 w5e h86\"><div class=\"t m0 x17f h87 y1bf4 ff17d fs3a fc2 sc0 ls23 ws39\">31,956<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e32 wc6 h86\"><div class=\"t m0 x1be h87 y1bf4 ff181 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span></div></td><td class=\"c x386 y2e32 w5f h86\"><div class=\"t m0 x17f h87 y1bf4 ff17d fs3a fc2 sc0 ls23 ws39\">31,956<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e32 w5e h86\"><div class=\"t m0 x17f h87 y1bf4 ff17d fs3a fc2 sc0 ls23 ws39\">31,956<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e32 w5c h86\"><div class=\"t m0 x180 h88 y1bf4 ff17f fs3a fc2 sc0 ls20 ws36\">34,885<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e32 w5f h86\"><div class=\"t m0 x1be h88 y1bf4 ff180 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff17f\"> </span></div></td><td class=\"c x2b2 y2e32 w5f h86\"><div class=\"t m0 x180 h88 y1bf4 ff17f fs3a fc2 sc0 ls20 ws36\">34,885<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e32 w5c h86\"><div class=\"t m0 x180 h88 y1bf4 ff17f fs3a fc2 sc0 ls20 ws36\">34,885<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x384 y2e33 w5e h86\"><div class=\"t m0 x17b h87 y1bfa ff17d fs3a fc2 sc0 ls76 wsb9\">506,609<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e33 wc6 h86\"><div class=\"t m0 x17a h87 y1bfa ff17d fs3a fc2 sc0 ls21 ws35\">321,<span class=\"_ _2\"></span>243<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e33 w5f h86\"><div class=\"t m0 x17a h87 y1bfa ff17d fs3a fc2 sc0 ls21 ws35\">827,<span class=\"_ _2\"></span>852<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e33 w5e h86\"><div class=\"t m0 x17a h87 y1bfa ff17d fs3a fc2 sc0 ls21 ws35\">827,<span class=\"_ _2\"></span>852<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e33 w5c h86\"><div class=\"t m0 x197 h88 y1bfa ff17f fs3a fc2 sc0 ls7f wsd9\">729,153<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e33 w5f h86\"><div class=\"t m0 x17b h88 y1bfa ff17f fs3a fc2 sc0 ls20 ws36\">286,646<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e33 w5f h86\"><div class=\"t m0 x17c h88 y1bfa ff17f fs3a fc2 sc0 ls20 ws36\">1,015,799<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e33 w5c h86\"><div class=\"t m0 x17c h88 y1bfa ff17f fs3a fc2 sc0 ls20 ws36\">1,015,799<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e34 wcf h86\"><div class=\"t m0 x0 h87 y1bf8 ff17d fs3a fc2 sc0 ls2c ws5a\">Financial Liabilities<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e35 wcf h8a\"><div class=\"t m0 x0 h88 y1bf6 ff17e fs3a fc2 sc0 ls25 ws42\">Financial liabilities at<span class=\"_ _2\"></span> amortised cost<span class=\"_ _2\"></span><span class=\"ff17f ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e36 wcf ha1\"><div class=\"t m0 x0 h88 y1bf8 ff17f fs3a fc2 sc0 ls24 ws3a\">Accounts payables, excluding withholding and value<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls28\">adde<span class=\"_ _2\"></span>d ta<span class=\"_ _2\"></span>xes</span></span><span class=\"ls1 ws0\"><span class=\"ls28\"><span class=\"ls1\"> </span></span></span></div></td><td class=\"c x384 y2e36 w5e ha1\"><div class=\"t m0 x17b h87 y1bf8 ff17d fs3a fc2 sc0 ls76 wsb9\">117,080<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e36 wc6 ha1\"><div class=\"t m0 x1be h87 y1bf8 ff181 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span></div></td><td class=\"c x386 y2e36 w5f ha1\"><div class=\"t m0 x17b h87 y1bf8 ff17d fs3a fc2 sc0 ls76 wsb9\">117,080<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e36 w5e ha1\"><div class=\"t m0 x17b h87 y1bf8 ff17d fs3a fc2 sc0 ls76 wsb9\">117,080<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e36 w5c ha1\"><div class=\"t m0 x181 h88 y1bf8 ff17f fs3a fc2 sc0 ls7f wsd9\">88,320<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e36 w5f ha1\"><div class=\"t m0 x1be h88 y1bf8 ff180 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff17f\"> </span></div></td><td class=\"c x2b2 y2e36 w5f ha1\"><div class=\"t m0 x181 h88 y1bf8 ff17f fs3a fc2 sc0 ls7f wsd9\">88,320<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e36 w5c ha1\"><div class=\"t m0 x181 h88 y1bf8 ff17f fs3a fc2 sc0 ls7f wsd9\">88,320<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e37 wcf h93\"><div class=\"t m0 x0 h88 y243b ff17f fs3a fc2 sc0 ls26 ws3d\">Accrued expenses a<span class=\"_ _1\"></span>nd accrued voyage expenses<span class=\"_ _1\"></span><span class=\"ls29 ws42\">, ex<span class=\"_ _2\"></span>cluding co<span class=\"_ _2\"></span>ntract<span class=\"_ _2\"></span> liabilities a<span class=\"_ _2\"></span>nd </span></div><div class=\"t m0 x0 h88 y1c50 ff17f fs3a fc2 sc0 ls26 ws3d\">deferred rev<span class=\"_ _1\"></span>enue<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x384 y2e37 w5e h93\"><div class=\"t m0 x17b h87 y1c50 ff17d fs3a fc2 sc0 ls76 wsb9\">282,144<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e37 wc6 h93\"><div class=\"t m0 x1be h87 y1c50 ff181 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span></div></td><td class=\"c x386 y2e37 w5f h93\"><div class=\"t m0 x17b h87 y1c50 ff17d fs3a fc2 sc0 ls76 wsb9\">282,144<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e37 w5e h93\"><div class=\"t m0 x17b h87 y1c50 ff17d fs3a fc2 sc0 ls76 wsb9\">282,144<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e37 w5c h93\"><div class=\"t m0 x197 h88 y1c50 ff17f fs3a fc2 sc0 ls7f wsd9\">291,209<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e37 w5f h93\"><div class=\"t m0 x1be h88 y1c50 ff180 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff17f\"> </span></div></td><td class=\"c x2b2 y2e37 w5f h93\"><div class=\"t m0 x197 h88 y1c50 ff17f fs3a fc2 sc0 ls7f wsd9\">291,209<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e37 w5c h93\"><div class=\"t m0 x197 h88 y1c50 ff17f fs3a fc2 sc0 ls7f wsd9\">291,209<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e38 wcf h86\"><div class=\"t m0 x0 h88 y1bde ff17f fs3a fc2 sc0 ls29 ws42\">Dividend paya<span class=\"_ _2\"></span>ble<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x384 y2e38 w5e h86\"><div class=\"t m0 x180 h87 y1bde ff17d fs3a fc2 sc0 ls76 wsb9\">53,177<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e38 wc6 h86\"><div class=\"t m0 x1be h87 y1bde ff181 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span></div></td><td class=\"c x386 y2e38 w5f h86\"><div class=\"t m0 x17f h87 y1bde ff17d fs3a fc2 sc0 ls23 ws39\">53,177<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e38 w5e h86\"><div class=\"t m0 x17f h87 y1bde ff17d fs3a fc2 sc0 ls23 ws39\">53,177<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e38 w5c h86\"><div class=\"t m0 x181 h88 y1bde ff17f fs3a fc2 sc0 ls7f wsd9\">66,972<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e38 w5f h86\"><div class=\"t m0 x1be h88 y1bde ff180 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff17f\"> </span></div></td><td class=\"c x2b2 y2e38 w5f h86\"><div class=\"t m0 x181 h88 y1bde ff17f fs3a fc2 sc0 ls7f wsd9\">66,972<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e38 w5c h86\"><div class=\"t m0 x181 h88 y1bde ff17f fs3a fc2 sc0 ls7f wsd9\">66,972<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e39 wcf h8a\"><div class=\"t m0 x0 h88 y1c2d ff17f fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease<span class=\"_ _2\"></span> obligations,<span class=\"_ _2\"></span> includin<span class=\"_ _2\"></span>g curre<span class=\"_ _2\"></span>nt maturit<span class=\"_ _2\"></span>ies</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x384 y2e39 w5e h8a\"><div class=\"t m0 x180 h87 y1c2d ff17d fs3a fc2 sc0 ls76 wsb9\">75,032<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e39 wc6 h8a\"><div class=\"t m0 x17b h87 y1c2d ff17d fs3a fc2 sc0 ls76 wsb9\">327,156<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e39 w5f h8a\"><div class=\"t m0 x17a h87 y1c2d ff17d fs3a fc2 sc0 ls21 ws35\">402,<span class=\"_ _2\"></span>188<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e39 w5e h8a\"><div class=\"t m0 x17a h87 y1c2d ff17d fs3a fc2 sc0 ls21 ws35\">402,<span class=\"_ _2\"></span>188<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e39 w5c h8a\"><div class=\"t m0 x181 h88 y1c2d ff17f fs3a fc2 sc0 ls7f wsd9\">58,581<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e39 w5f h8a\"><div class=\"t m0 x197 h88 y1c2d ff17f fs3a fc2 sc0 ls7f wsd9\">285,430<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e39 w5f h8a\"><div class=\"t m0 x17b h88 y1c2d ff17f fs3a fc2 sc0 ls20 ws36\">344,011<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e39 w5c h8a\"><div class=\"t m0 x17b h88 y1c2d ff17f fs3a fc2 sc0 ls20 ws36\">344,011<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x246 y2e3a w19f hfa\"><div class=\"t m0 x245 h88 y2933 ff17f fs3a fc2 sc0 ls22 ws3e\">Short<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2e ws4c\">ter<span class=\"_ _2\"></span>m loans and l<span class=\"ls24 ws3b\">ong<span class=\"ls1 ws0\">-<span class=\"ls23 ws4b\">term<span class=\"_ _1\"></span> debt, includi<span class=\"_ _1\"></span>ng current maturi<span class=\"_ _1\"></span>ties<span class=\"ls1 ws0\"> <span class=\"ls2e ws5c\">and <span class=\"_ _1\"></span><span class=\"ls28 wsc0\">ex<span class=\"_ _2\"></span>cluding de<span class=\"_ _2\"></span>bt<span class=\"_ _195\"> </span></span></span></span></span></span></span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x246 y2e3b w1a0 hfa\"><div class=\"t m0 x245 h88 y2933 ff17f fs3a fc2 sc0 ls25 ws3c\">issuance costs<span class=\"_ _195\"> </span></div></td><td class=\"c x384 y2e3c w5e h90\"><div class=\"t m0 x17b h87 y1c2d ff17d fs3a fc2 sc0 ls76 wsb9\">361,550<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e3c wc6 h90\"><div class=\"t m0 x17c h87 y1c2d ff17d fs3a fc2 sc0 ls76 wsb9\">1,855,520<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e3c w5f h90\"><div class=\"t m0 x175 h87 y1c2d ff17d fs3a fc2 sc0 ls21 ws35\">2,21<span class=\"_ _2\"></span>7,070<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e3c w5e h90\"><div class=\"t m0 x175 h87 y1c2d ff17d fs3a fc2 sc0 ls21 ws35\">2,32<span class=\"_ _2\"></span>6,668<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e3c w5c h90\"><div class=\"t m0 x197 h88 y1c2d ff17f fs3a fc2 sc0 ls7f wsd9\">200,446<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e3c w5f h90\"><div class=\"t m0 x17d h88 y1c2d ff17f fs3a fc2 sc0 ls85 wsda\">1,<span class=\"_ _2\"></span>660,0<span class=\"_ _2\"></span>51<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e3c w5f h90\"><div class=\"t m0 x17c h88 y1c2d ff17f fs3a fc2 sc0 ls20 ws36\">1,860,497<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e3c w5c h90\"><div class=\"t m0 x17c h88 y1c2d ff17f fs3a fc2 sc0 ls20 ws36\">1,979,333<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e3d wcf h86\"><div class=\"t m0 x0 h88 y1bde ff17f fs3a fc2 sc0 ls29 ws42\">Other cur<span class=\"_ _2\"></span>rent liabilit<span class=\"_ _2\"></span>ies<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x384 y2e3d w5e h86\"><div class=\"t m0 x180 h87 y1bde ff17d fs3a fc2 sc0 ls76 wsb9\">42,918<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e3d wc6 h86\"><div class=\"t m0 x1be h87 y1bde ff181 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span></div></td><td class=\"c x386 y2e3d w5f h86\"><div class=\"t m0 x17f h87 y1bde ff17d fs3a fc2 sc0 ls23 ws39\">42,918<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e3d w5e h86\"><div class=\"t m0 x17f h87 y1bde ff17d fs3a fc2 sc0 ls23 ws39\">42,918<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e3d w5c h86\"><div class=\"t m0 x181 h88 y1bde ff17f fs3a fc2 sc0 ls7f wsd9\">56,031<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e3d w5f h86\"><div class=\"t m0 x1be h88 y1bde ff180 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff17f\"> </span></div></td><td class=\"c x2b2 y2e3d w5f h86\"><div class=\"t m0 x181 h88 y1bde ff17f fs3a fc2 sc0 ls7f wsd9\">56,031<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e3d w5c h86\"><div class=\"t m0 x181 h88 y1bde ff17f fs3a fc2 sc0 ls7f wsd9\">56,031<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x24e h87 y2e3e ff17d fs3a fc2 sc0 ls76 wsb9\">931,901<span class=\"_ _195\"> </span></td><td class=\"t m0 x38a h87 y2e3e ff17d fs3a fc2 sc0 ls76 wsb9\">2,182,676<span class=\"_ _195\"> </span></td><td class=\"t m0 x30d h87 y2e3e ff17d fs3a fc2 sc0 ls21 ws35\">3,11<span class=\"_ _2\"></span>4,577<span class=\"_ _195\"> </span></td><td class=\"t m0 x38b h87 y2e3e ff17d fs3a fc2 sc0 ls21 ws35\">3,22<span class=\"_ _2\"></span>4,175<span class=\"_ _195\"> </span></td><td class=\"t m0 x38c h88 y2e3e ff17f fs3a fc2 sc0 ls7f wsd9\">761,559<span class=\"_ _195\"> </span></td><td class=\"t m0 x38d h88 y2e3e ff17f fs3a fc2 sc0 ls85 wsda\">1,<span class=\"_ _2\"></span>945,4<span class=\"_ _2\"></span>81<span class=\"_ _195\"> </span></td><td class=\"t m0 x38e h88 y2e3e ff17f fs3a fc2 sc0 ls20 ws36\">2,707,040<span class=\"_ _195\"> </span></td><td class=\"t m0 x38f h88 y2e3e ff17f fs3a fc2 sc0 ls20 ws36\">2,825,876<span class=\"_ _195\"> </span></td></tr></table><table class=\"s w14c h154\" id=\"_9d4dc921-35fb-4e70-ae38-d35b44cf76c8\"><tr><td></td><td></td><td></td><td class=\"c x384 y2e3f wd3 h80\"><div class=\"t m0 x220 h85 y1bd2 ff185 fs3b fc2 sc0 ls65 ws9b\">November 30<span class=\"_ _2\"></span>, 20<span class=\"ls1b ws2f\">25</span><span class=\"ls1b ws2f\"><span class=\"ls1 ws0\"> </span></span></div></td><td></td><td></td><td></td><td class=\"c x32c y2e3f wd4 h80\"><div class=\"t m0 x220 h82 y1bd2 ff184 fs3b fc2 sc0 ls1 ws32\">November 30, 20<span class=\"ls78 wsbd\">24</span><span class=\"ws0\"> </span></div></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c x386 y2e40 w5f hb4\"><div class=\"t m0 x17e h85 y1c8c ff185 fs3b fc2 sc0 ls1 ws9a\">Total carrying </div></td><td></td><td></td><td></td><td class=\"c x2b2 y2e40 w5f hb4\"><div class=\"t m0 x19a h82 y1c8c ff184 fs3b fc2 sc0 ls1e ws2f\">Total carrying </div></td><td></td></tr><tr><td class=\"c x246 y2e41 w150 h102\"><div class=\"t m0 x245 h82 y29a6 ff184 fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2b9 h82 y29a7 ff184 fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x2e6 h85 y2e42 ff185 fs3b fc2 sc0 ls65 ws99\">Current<span class=\"_ _195\"> </span></td><td class=\"t m0 x38a h85 y2e42 ff185 fs3b fc2 sc0 ls1d ws31\">Non<span class=\"ls1 ws0\">-current<span class=\"_ _195\"> </span></span></td><td class=\"t m0 x300 h85 y2e42 ff185 fs3b fc2 sc0 ls65 ws99\">value<span class=\"_ _195\"> </span></td><td class=\"t m0 x390 h85 y2e42 ff185 fs3b fc2 sc0 ls65 ws99\">Fair <span class=\"ls1 ws0\">v</span>alue<span class=\"_ _195\"> </span></td><td class=\"t m0 x323 h82 y2e42 ff184 fs3b fc2 sc0 ls38 ws5e\">Curre<span class=\"_ _1\"></span>nt<span class=\"_ _195\"> </span></td><td class=\"t m0 x391 h82 y2e42 ff184 fs3b fc2 sc0 ls1 ws0\">Non-<span class=\"ls1e ws32\">current<span class=\"_ _195\"> </span></span></td><td class=\"t m0 x2ad h82 y2e42 ff184 fs3b fc2 sc0 ls2d ws4a\">value<span class=\"_ _195\"> </span></td><td class=\"t m0 x392 h82 y2e42 ff184 fs3b fc2 sc0 ls1e ws32\">Fair <span class=\"ls1 ws0\">v<span class=\"ls2d ws4a\">alue<span class=\"_ _195\"> </span></span></span></td></tr><tr><td class=\"c x24b y2e43 wcf h86\"><div class=\"t m0 x0 h87 y1bf4 ff185 fs3a fc2 sc0 ls2c ws5a\">Derivative Financial Ins<span class=\"_ _1\"></span>truments at<span class=\"ls1 ws0\"> F<span class=\"_ _1\"></span><span class=\"ls2e ws5c\">air<span class=\"ls1 ws0\"> V<span class=\"_ _1\"></span><span class=\"ls2e ws5c\">alue</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls2e ws5c\"><span class=\"ls1 ws0\"><span class=\"ls2e ws5c\"><span class=\"_ _2\"></span><span class=\"ff186 ls1 ws0\"> </span></span></span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e44 wcf h8a\"><div class=\"t m0 x0 h91 y1c3f ff187 fs3a fc2 sc0 ls1f ws43\">Assets<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e45 wcf h86\"><div class=\"t m0 x0 h88 y1bf4 ff184 fs3a fc2 sc0 ls24 ws3a\">Foreign currency exchange contr<span class=\"_ _2\"></span>acts <span class=\"ff188 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff184\"> <span class=\"ls24 ws3a\">cash flow hedges</span></span></span><span class=\"ff188 ls1 ws0\"><span class=\"ff184\"> </span></span></div></td><td class=\"c x384 y2e45 w5e h86\"><div class=\"t m0 x187 h87 y1bf4 ff185 fs3a fc2 sc0 ls21 ws35\">3,68<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e45 wc6 h86\"><div class=\"t m0 x1be h87 y1bf4 ff189 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff185\"> </span></div></td><td class=\"c x386 y2e45 w5f h86\"><div class=\"t m0 x187 h87 y1bf4 ff185 fs3a fc2 sc0 ls21 ws35\">3,68<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e45 w5e h86\"><div class=\"t m0 x187 h87 y1bf4 ff185 fs3a fc2 sc0 ls21 ws35\">3,68<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e45 w5c h86\"><div class=\"t m0 x179 h88 y1bf4 ff184 fs3a fc2 sc0 ls20 ws36\">3,142<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e45 w5f h86\"><div class=\"t m0 x1be h88 y1bf4 ff188 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff184\"> </span></div></td><td class=\"c x2b2 y2e45 w5f h86\"><div class=\"t m0 x179 h88 y1bf4 ff184 fs3a fc2 sc0 ls20 ws36\">3,142<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e45 w5c h86\"><div class=\"t m0 x179 h88 y1bf4 ff184 fs3a fc2 sc0 ls20 ws36\">3,142<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e46 wcf h86\"><div class=\"t m0 x0 h88 y1bef ff184 fs3a fc2 sc0 ls26 ws3d\">Interest rate swaps<span class=\"ls1 ws0\"> <span class=\"_ _3\"></span><span class=\"ff188\">\u2013<span class=\"ff184\"> <span class=\"ls24 ws3a\">cash f<span class=\"_ _1\"></span>low hed<span class=\"_ _2\"></span>ges</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ff188\"><span class=\"ff184\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></span></span></div></td><td class=\"c x384 y2e46 w5e h86\"><div class=\"t m0 x187 h87 y1bef ff185 fs3a fc2 sc0 ls21 ws35\">2,95<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e46 wc6 h86\"><div class=\"t m0 x185 h87 y1bef ff185 fs3a fc2 sc0 ls21 ws35\">411<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e46 w5f h86\"><div class=\"t m0 x187 h87 y1bef ff185 fs3a fc2 sc0 ls21 ws35\">3,36<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e46 w5e h86\"><div class=\"t m0 x187 h87 y1bef ff185 fs3a fc2 sc0 ls21 ws35\">3,36<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e46 w5c h86\"><div class=\"t m0 x179 h88 y1bef ff184 fs3a fc2 sc0 ls20 ws36\">3,283<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e46 w5f h86\"><div class=\"t m0 x179 h88 y1bef ff184 fs3a fc2 sc0 ls20 ws36\">2,337<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e46 w5f h86\"><div class=\"t m0 x179 h88 y1bef ff184 fs3a fc2 sc0 ls20 ws36\">5,620<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e46 w5c h86\"><div class=\"t m0 x179 h88 y1bef ff184 fs3a fc2 sc0 ls20 ws36\">5,620<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e47 wcf h8c\"><div class=\"t m0 x0 h88 y1c4d ff184 fs3a fc2 sc0 ls22 ws3e\">Cross<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls22 ws37\">currency interest ra<span class=\"_ _1\"></span>te swaps<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ff188\">\u2013<span class=\"ff184\"> <span class=\"_ _1\"></span><span class=\"ls24 ws3a\">cash flow he<span class=\"_ _2\"></span>dges</span></span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls22 ws37\"><span class=\"ls1 ws0\"><span class=\"ff188\"><span class=\"ff184\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></span></span></span></span></div></td><td class=\"c x384 y2e47 w5e h8c\"><div class=\"t m0 x185 h87 y1c4d ff185 fs3a fc2 sc0 ls21 ws35\">490<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e47 wc6 h8c\"><div class=\"t m0 x187 h87 y1c4d ff185 fs3a fc2 sc0 ls21 ws35\">3,58<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e47 w5f h8c\"><div class=\"t m0 x187 h87 y1c4d ff185 fs3a fc2 sc0 ls21 ws35\">4,07<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e47 w5e h8c\"><div class=\"t m0 x187 h87 y1c4d ff185 fs3a fc2 sc0 ls21 ws35\">4,07<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e47 w5c h8c\"><div class=\"t m0 x184 h88 y1c4d ff184 fs3a fc2 sc0 ls20 ws36\">189<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e47 w5f h8c\"><div class=\"t m0 x1be h88 y1c4d ff188 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff184\"> </span></div></td><td class=\"c x2b2 y2e47 w5f h8c\"><div class=\"t m0 x184 h88 y1c4d ff184 fs3a fc2 sc0 ls20 ws36\">189<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e47 w5c h8c\"><div class=\"t m0 x184 h88 y1c4d ff184 fs3a fc2 sc0 ls20 ws36\">189<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e48 wcf h89\"><div class=\"t m0 x0 h88 y1bfa ff184 fs3a fc2 sc0 ls22 ws37\">Carbon emi<span class=\"_ _1\"></span>ssion forward con<span class=\"_ _1\"></span>tracts <span class=\"ff188 ls1 ws0\">\u2013<span class=\"ff184\"> <span class=\"_ _1\"></span><span class=\"ls24 ws3a\">cash flow hedges</span></span></span><span class=\"ff188 ls1 ws0\"><span class=\"ff184\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></span></div></td><td class=\"c x384 y2e48 w5e h89\"><div class=\"t m0 x187 h87 y1bfa ff185 fs3a fc2 sc0 ls21 ws35\">1,32<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e48 wc6 h89\"><div class=\"t m0 x1be h87 y1bfa ff189 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff185\"> </span></div></td><td class=\"c x386 y2e48 w5f h89\"><div class=\"t m0 x187 h87 y1bfa ff185 fs3a fc2 sc0 ls21 ws35\">1,32<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e48 w5e h89\"><div class=\"t m0 x187 h87 y1bfa ff185 fs3a fc2 sc0 ls21 ws35\">1,32<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e48 w5c h89\"><div class=\"t m0 x184 h88 y1bfa ff184 fs3a fc2 sc0 ls20 ws36\">400<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e48 w5f h89\"><div class=\"t m0 x1be h88 y1bfa ff188 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff184\"> </span></div></td><td class=\"c x2b2 y2e48 w5f h89\"><div class=\"t m0 x184 h88 y1bfa ff184 fs3a fc2 sc0 ls20 ws36\">400<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e48 w5c h89\"><div class=\"t m0 x184 h88 y1bfa ff184 fs3a fc2 sc0 ls20 ws36\">400<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x384 y2e49 w5e h8b\"><div class=\"t m0 x187 h87 y1c50 ff185 fs3a fc2 sc0 ls21 ws35\">8,44<span class=\"_ _2\"></span>9<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e49 wc6 h8b\"><div class=\"t m0 x187 h87 y1c50 ff185 fs3a fc2 sc0 ls21 ws35\">3,99<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e49 w5f h8b\"><div class=\"t m0 x17f h87 y1c50 ff185 fs3a fc2 sc0 ls23 ws39\">12,441<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e49 w5e h8b\"><div class=\"t m0 x17f h87 y1c50 ff185 fs3a fc2 sc0 ls23 ws39\">12,441<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e49 w5c h8b\"><div class=\"t m0 x179 h88 y1c50 ff184 fs3a fc2 sc0 ls20 ws36\">7,014<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e49 w5f h8b\"><div class=\"t m0 x179 h88 y1c50 ff184 fs3a fc2 sc0 ls20 ws36\">2,337<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e49 w5f h8b\"><div class=\"t m0 x179 h88 y1c50 ff184 fs3a fc2 sc0 ls20 ws36\">9,351<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e49 w5c h8b\"><div class=\"t m0 x179 h88 y1c50 ff184 fs3a fc2 sc0 ls20 ws36\">9,351<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e4a wcf h8e\"><div class=\"t m0 x0 h91 y244b ff187 fs3a fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x0 h88 y1bdc ff187 fs3a fc2 sc0 ls25 ws41\">Liabilities<span class=\"ff184 ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e4b wcf h86\"><div class=\"t m0 x0 h88 y1bde ff184 fs3a fc2 sc0 ls22 ws3e\">Cross<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls22 ws37\">currency interest ra<span class=\"_ _1\"></span>te swaps <span class=\"ff188 ls1 ws0\">\u2013<span class=\"ff184\"> <span class=\"_ _3\"></span><span class=\"ls24 ws3a\">c<span class=\"_ _2\"></span>ash flow hedges</span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls22 ws37\"><span class=\"ff188 ls1 ws0\"><span class=\"ff184\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></span></span></span></div></td><td class=\"c x384 y2e4b w5e h86\"><div class=\"t m0 x185 h87 y1bde ff185 fs3a fc2 sc0 ls21 ws35\">265<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e4b wc6 h86\"><div class=\"t m0 x187 h87 y1bde ff185 fs3a fc2 sc0 ls21 ws35\">4,31<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e4b w5f h86\"><div class=\"t m0 x187 h87 y1bde ff185 fs3a fc2 sc0 ls21 ws35\">4,57<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e4b w5e h86\"><div class=\"t m0 x187 h87 y1bde ff185 fs3a fc2 sc0 ls21 ws35\">4,57<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e4b w5c h86\"><div class=\"t m0 x184 h88 y1bde ff184 fs3a fc2 sc0 ls20 ws36\">776<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e4b w5f h86\"><div class=\"t m0 x179 h88 y1bde ff184 fs3a fc2 sc0 ls20 ws36\">7,860<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e4b w5f h86\"><div class=\"t m0 x179 h88 y1bde ff184 fs3a fc2 sc0 ls20 ws36\">8,636<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e4b w5c h86\"><div class=\"t m0 x179 h88 y1bde ff184 fs3a fc2 sc0 ls20 ws36\">8,636<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e4c wcf h8a\"><div class=\"t m0 x0 h88 y1c2d ff184 fs3a fc2 sc0 ls24 ws3a\">Foreign currency exchange contr<span class=\"_ _2\"></span>acts<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ff188\">\u2013<span class=\"ff184\"> <span class=\"_ _3\"></span><span class=\"ls24 ws3a\">c<span class=\"_ _2\"></span>ash flow hedges</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ff188\"><span class=\"ff184\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></span></span></div></td><td class=\"c x384 y2e4c w5e h8a\"><div class=\"t m0 x187 h87 y1c2d ff185 fs3a fc2 sc0 ls21 ws35\">1,33<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e4c wc6 h8a\"><div class=\"t m0 x1be h87 y1c2d ff189 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff185\"> </span></div></td><td class=\"c x386 y2e4c w5f h8a\"><div class=\"t m0 x187 h87 y1c2d ff185 fs3a fc2 sc0 ls21 ws35\">1,33<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e4c w5e h8a\"><div class=\"t m0 x187 h87 y1c2d ff185 fs3a fc2 sc0 ls21 ws35\">1,33<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e4c w5c h8a\"><div class=\"t m0 x179 h88 y1c2d ff184 fs3a fc2 sc0 ls20 ws36\">5,720<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e4c w5f h8a\"><div class=\"t m0 x1be h88 y1c2d ff188 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff184\"> </span></div></td><td class=\"c x2b2 y2e4c w5f h8a\"><div class=\"t m0 x179 h88 y1c2d ff184 fs3a fc2 sc0 ls20 ws36\">5,720<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e4c w5c h8a\"><div class=\"t m0 x179 h88 y1c2d ff184 fs3a fc2 sc0 ls20 ws36\">5,720<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e4d wcf h86\"><div class=\"t m0 x0 h88 y1bde ff184 fs3a fc2 sc0 ls26 ws3d\">Interest rate swaps<span class=\"ls1 ws0\"> <span class=\"_ _3\"></span><span class=\"ff188\">\u2013<span class=\"ff184\"> <span class=\"ls24 ws3a\">cash f<span class=\"_ _1\"></span>low hed<span class=\"_ _2\"></span>ges</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ff188\"><span class=\"ff184\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></span></span></div></td><td class=\"c x384 y2e4d w5e h86\"><div class=\"t m0 x187 h87 y1bde ff185 fs3a fc2 sc0 ls21 ws35\">2,65<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e4d wc6 h86\"><div class=\"t m0 x187 h87 y1bde ff185 fs3a fc2 sc0 ls21 ws35\">7,01<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e4d w5f h86\"><div class=\"t m0 x187 h87 y1bde ff185 fs3a fc2 sc0 ls21 ws35\">9,66<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e4d w5e h86\"><div class=\"t m0 x187 h87 y1bde ff185 fs3a fc2 sc0 ls21 ws35\">9,66<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e4d w5c h86\"><div class=\"t m0 x184 h88 y1bde ff184 fs3a fc2 sc0 ls20 ws36\">846<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e4d w5f h86\"><div class=\"t m0 x179 h88 y1bde ff184 fs3a fc2 sc0 ls20 ws36\">4,811<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e4d w5f h86\"><div class=\"t m0 x179 h88 y1bde ff184 fs3a fc2 sc0 ls20 ws36\">5,657<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e4d w5c h86\"><div class=\"t m0 x179 h88 y1bde ff184 fs3a fc2 sc0 ls20 ws36\">5,657<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x384 y2e4e w5e h86\"><div class=\"t m0 x187 h87 y1be4 ff185 fs3a fc2 sc0 ls21 ws35\">4,24<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e4e wc6 h86\"><div class=\"t m0 x17f h87 y1be4 ff185 fs3a fc2 sc0 ls23 ws39\">11,320<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e4e w5f h86\"><div class=\"t m0 x17f h87 y1be4 ff185 fs3a fc2 sc0 ls23 ws39\">15,566<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e4e w5e h86\"><div class=\"t m0 x17f h87 y1be4 ff185 fs3a fc2 sc0 ls23 ws39\">15,566<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e4e w5c h86\"><div class=\"t m0 x179 h88 y1be4 ff184 fs3a fc2 sc0 ls20 ws36\">7,342<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e4e w5f h86\"><div class=\"t m0 x180 h88 y1be4 ff184 fs3a fc2 sc0 ls20 ws36\">12,671<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e4e w5f h86\"><div class=\"t m0 x180 h88 y1be4 ff184 fs3a fc2 sc0 ls20 ws36\">20,013<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e4e w5c h86\"><div class=\"t m0 x180 h88 y1be4 ff184 fs3a fc2 sc0 ls20 ws36\">20,013<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>Fair value of financial instruments The e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ated fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> amou<span class=\"_ _2\"></span>nts of<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nancia<span class=\"_ _2\"></span>l i<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>uments<span class=\"_ _2\"></span> have<span class=\"_ _2\"></span> bee<span class=\"_ _2\"></span>n determ<span class=\"_ _2\"></span>ined<span class=\"_ _2\"></span> by<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span>, us<span class=\"_ _2\"></span>ing <span class=\"_ _2\"></span>approp<span class=\"_ _2\"></span>ria<span class=\"_ _2\"></span>te mark<span class=\"_ _2\"></span>et<span class=\"_ _2\"></span> inform<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>tion <span class=\"_ _2\"></span>and v<span class=\"_ _2\"></span>alua<span class=\"_ _2\"></span>tion m<span class=\"_ _2\"></span>ethod<span class=\"_ _2\"></span>ologi<span class=\"_ _2\"></span>es.<span class=\"_ _2\"></span> Con<span class=\"_ _2\"></span>side<span class=\"_ _2\"></span>rable<span class=\"_ _2\"></span> judge<span class=\"_ _2\"></span>ment i<span class=\"_ _2\"></span>s re<span class=\"_ _2\"></span>qui<span class=\"_ _2\"></span>red <span class=\"_ _2\"></span>to develop these estim<span class=\"_ _2\"></span>ates of f<span class=\"_ _2\"></span>air v<span class=\"_ _2\"></span>alue, so the e<span class=\"_ _2\"></span>stimates p<span class=\"_ _2\"></span>ro<span class=\"ls30 ws50\">vided<span class=\"_ _2\"></span> h<span class=\"_ _2\"></span>ere are<span class=\"_ _2\"></span> not<span class=\"_ _2\"></span> nec<span class=\"_ _2\"></span>essari<span class=\"_ _2\"></span>ly i<span class=\"_ _2\"></span>ndica<span class=\"_ _2\"></span>tiv<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nts <span class=\"_ _2\"></span>that c<span class=\"_ _2\"></span>ould<span class=\"_ _2\"></span> be r<span class=\"_ _2\"></span>eali<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> in a c<span class=\"_ _2\"></span>ur<span class=\"_ _2\"></span>rent m<span class=\"_ _2\"></span>arke<span class=\"_ _2\"></span>t exc<span class=\"_ _2\"></span>hange<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></span>The c<span class=\"_ _2\"></span>arryi<span class=\"_ _2\"></span>ng am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> of ca<span class=\"_ _2\"></span>sh a<span class=\"_ _2\"></span>nd c<span class=\"_ _2\"></span>ash <span class=\"_ _2\"></span>equival<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s, re<span class=\"_ _2\"></span>ceiv<span class=\"_ _2\"></span>ables<span class=\"_ _2\"></span>, othe<span class=\"_ _2\"></span>r c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>nt a<span class=\"_ _2\"></span>ssets,<span class=\"_ _2\"></span> acc<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span><span class=\"ls1 ws0\">s <span class=\"_ _1\"></span><span class=\"ls30 ws50\">pay<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span> (excl<span class=\"_ _2\"></span>uding<span class=\"_ _2\"></span> wit<span class=\"_ _2\"></span>hhold<span class=\"_ _2\"></span>ing a<span class=\"_ _2\"></span>nd v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span>added tax<span class=\"_ _2\"></span> payab<span class=\"_ _2\"></span>les<span class=\"_ _2\"></span>), acc<span class=\"_ _2\"></span>rued<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>enses<span class=\"_ _2\"></span><span class=\"ls2f ws70\">, other<span class=\"_ _2\"></span> current li<span class=\"_ _2\"></span>abilities<span class=\"ls1 ws0\"> </span></span></span></span>and di<span class=\"_ _2\"></span>vide<span class=\"_ _2\"></span>nd pay<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> a re<span class=\"_ _2\"></span>aso<span class=\"_ _2\"></span>nable<span class=\"_ _2\"></span> estim<span class=\"_ _2\"></span>ate o<span class=\"_ _2\"></span>f the<span class=\"_ _2\"></span>ir <span class=\"_ _2\"></span>fair <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span>, ow<span class=\"_ _2\"></span>ing to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span>ir s<span class=\"_ _2\"></span>hort<span class=\"_ _2\"></span> matu<span class=\"_ _2\"></span>rity.<span class=\"_ _2\"></span> <span class=\"ws52\">Lo<span class=\"_ _2\"></span>ng<span class=\"ls1 ws0\">-</span></span>term lea<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span> are <span class=\"_ _2\"></span>exem<span class=\"_ _2\"></span>pt from<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>disclos<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span> of f<span class=\"_ _2\"></span>air v<span class=\"_ _2\"></span>alue m<span class=\"_ _2\"></span>eas<span class=\"_ _2\"></span>urem<span class=\"_ _2\"></span>ents s<span class=\"_ _2\"></span>o f<span class=\"_ _2\"></span>air v<span class=\"_ _2\"></span>alue eq<span class=\"_ _2\"></span>ual<span class=\"_ _2\"></span>s book<span class=\"_ _2\"></span> v<span class=\"_ _2\"></span>alue. Long<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">term debt i<span class=\"_ _2\"></span>n the table <span class=\"_ _2\"></span>above ex<span class=\"_ _2\"></span>cludes debt i<span class=\"_ _2\"></span>ssuance cos<span class=\"_ _2\"></span><span class=\"ls4a ws86\">ts of</span></span> <span class=\"ls31 ws51\">$17.7 million, as of both November 30, 2025</span> </span><span class=\"ff188 ws50\">and 2<span class=\"_ _2\"></span>024. T<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> estim<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue of <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span>\u2019s s<span class=\"_ _2\"></span>enior <span class=\"_ _2\"></span>unsec<span class=\"_ _2\"></span>ured<span class=\"_ _2\"></span> bond<span class=\"_ _2\"></span> issue<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>s bas<span class=\"_ _2\"></span>ed o<span class=\"_ _2\"></span>n </span>traded<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ues, w<span class=\"_ _2\"></span>hile<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> remai<span class=\"_ _2\"></span>ning <span class=\"_ _2\"></span>long<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">term debt is <span class=\"_ _2\"></span>based on i<span class=\"_ _2\"></span>nterest rates <span class=\"_ _2\"></span>as of No<span class=\"_ _2\"></span>vember 30, 2025<span class=\"_ _2\"></span> and 2024<span class=\"_ _2\"></span>, respectively<span class=\"_ _2\"></span>, using the di<span class=\"_ _2\"></span>scounted c<span class=\"_ _2\"></span>ash flow <span class=\"_ _2\"></span>meth<span class=\"_ _2\"></span>odology. The fai<span class=\"_ _2\"></span>r values of<span class=\"_ _2\"></span> </span></span>the G<span class=\"_ _2\"></span>roup\u2019<span class=\"_ _2\"></span>s fore<span class=\"_ _2\"></span>ign <span class=\"_ _2\"></span>excha<span class=\"_ _2\"></span>nge c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> base<span class=\"_ _2\"></span>d on<span class=\"_ _2\"></span> thei<span class=\"_ _2\"></span>r est<span class=\"_ _2\"></span>imate<span class=\"_ _2\"></span>d m<span class=\"_ _2\"></span>arket<span class=\"_ _2\"></span> value<span class=\"_ _2\"></span>s as<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> Novem<span class=\"_ _2\"></span>ber 3<span class=\"_ _2\"></span>0, 20<span class=\"_ _2\"></span>25 <span class=\"_ _2\"></span>and 20<span class=\"_ _2\"></span>24,<span class=\"_ _2\"></span> respe<span class=\"_ _2\"></span>ctiv<span class=\"_ _2\"></span><span class=\"ff184\">el<span class=\"_ _2\"></span>y. Mark<span class=\"_ _2\"></span>et <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span> of i<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>rest <span class=\"_ _2\"></span>rate<span class=\"ls1 ws0\">, </span><span class=\"ws52\">cross<span class=\"ls1 ws0\">-</span><span class=\"ws4f\">curre<span class=\"_ _2\"></span>ncy i<span class=\"_ _2\"></span>nteres<span class=\"_ _2\"></span>t rate sw<span class=\"_ _2\"></span>aps<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">a<span class=\"_ _2\"></span>nd </span></span></span></span></span>carbo<span class=\"_ _2\"></span>n emi<span class=\"_ _2\"></span>ssions<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>rward<span class=\"_ _2\"></span> con<span class=\"_ _2\"></span>tracts<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> w<span class=\"_ _1\"></span><span class=\"ls30 ws52\">ere<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">estima<span class=\"_ _2\"></span>ted based o<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">the amo<span class=\"_ _2\"></span>unt t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>Group w<span class=\"_ _2\"></span>ould<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>eive o<span class=\"_ _2\"></span>r p<span class=\"_ _2\"></span>ay to<span class=\"_ _2\"></span> term<span class=\"_ _2\"></span>inate<span class=\"_ _2\"></span> its<span class=\"_ _2\"></span> agr<span class=\"_ _2\"></span>eem<span class=\"_ _2\"></span>ents a<span class=\"_ _2\"></span>s of <span class=\"_ _2\"></span>Nove<span class=\"_ _2\"></span>mber<span class=\"_ _2\"></span> 30, 2<span class=\"_ _2\"></span>025 <span class=\"_ _2\"></span>and<span class=\"_ _2\"></span> 2024<span class=\"_ _2\"></span>.<span class=\"_ _195\"> </span></span></span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"><span class=\"ls1 ws0\">  </span></span></span></span></span>The e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ated v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span>\u2019s fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al a<span class=\"_ _2\"></span>ssets<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> marke<span class=\"_ _2\"></span>tab<span class=\"_ _2\"></span>le sec<span class=\"_ _2\"></span>urit<span class=\"_ _2\"></span>ies a<span class=\"_ _2\"></span>re b<span class=\"_ _2\"></span>ased o<span class=\"_ _2\"></span>n tr<span class=\"_ _2\"></span>ade<span class=\"_ _2\"></span>d value<span class=\"_ _2\"></span>. T<span class=\"_ _2\"></span>he esti<span class=\"_ _2\"></span>mate<span class=\"_ _2\"></span>d v<span class=\"_ _2\"></span>alue <span class=\"_ _2\"></span><span class=\"ff184\">of i<span class=\"_ _2\"></span>ts se<span class=\"_ _2\"></span>nio<span class=\"_ _2\"></span>r u<span class=\"_ _2\"></span>nsecure<span class=\"_ _2\"></span>d bond<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>issue<span class=\"_ _2\"></span>s is b<span class=\"_ _2\"></span>ased <span class=\"_ _2\"></span>on t<span class=\"_ _2\"></span>raded<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ues<span class=\"ls1 ws0\"> <span class=\"ls2f ws75\">(Level 1 </span></span></span>valua<span class=\"_ _2\"></span>tion m<span class=\"_ _2\"></span>ethod<span class=\"_ _2\"></span>), w<span class=\"_ _2\"></span>hile<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>valu<span class=\"_ _2\"></span>es o<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> rem<span class=\"_ _2\"></span>aining<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ng<span class=\"ls1 ws0\">-<span class=\"ls53 ws32\">term d<span class=\"_ _2\"></span>ebt </span></span><span class=\"ws52\">are<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>based o<span class=\"_ _2\"></span>n in<span class=\"_ _2\"></span>terest<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span><span class=\"ls2f ws70\">s a<span class=\"_ _2\"></span>s of Novembe<span class=\"_ _2\"></span>r 30, 2025<span class=\"_ _2\"></span> and 2024<span class=\"_ _2\"></span>, respectively,<span class=\"_ _2\"></span> using the di<span class=\"_ _2\"></span>scounted cash fl<span class=\"_ _2\"></span>ow method<span class=\"_ _2\"></span>ology (Level 2 </span>valua<span class=\"_ _2\"></span>tion m<span class=\"_ _2\"></span>ethod<span class=\"_ _2\"></span>). T<span class=\"_ _2\"></span>he f<span class=\"_ _2\"></span>air <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span>s of t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span>\u2019s f<span class=\"_ _2\"></span>oreig<span class=\"_ _2\"></span>n exc<span class=\"_ _2\"></span>hang<span class=\"_ _2\"></span>e and<span class=\"_ _2\"></span> bunke<span class=\"_ _2\"></span>r c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>acts <span class=\"_ _2\"></span>are b<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span>d on t<span class=\"_ _2\"></span>heir e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> ma<span class=\"_ _2\"></span>r<span class=\"ff184 ls2f ws70\">ket v<span class=\"_ _2\"></span>alues as<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">of November 30, 2025 and </span></span></span><span class=\"ff184\">2024<span class=\"_ _2\"></span>. Mark<span class=\"_ _2\"></span>et <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span> of i<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>rest <span class=\"_ _2\"></span>rate<span class=\"ls1 ws0\"> </span><span class=\"ws52\">and<span class=\"_ _2\"></span> </span></span>cross<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>ncy i<span class=\"_ _2\"></span>nteres<span class=\"_ _2\"></span>t ra<span class=\"_ _2\"></span>te s<span class=\"_ _2\"></span>waps a<span class=\"_ _2\"></span>re e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ated b<span class=\"_ _2\"></span>ased<span class=\"_ _2\"></span> on<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">t<span class=\"_ _2\"></span>he<span class=\"ls1 ws0\"> </span><span class=\"ws50\">amoun<span class=\"_ _2\"></span>t the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up woul<span class=\"_ _2\"></span>d rec<span class=\"_ _2\"></span>eive<span class=\"_ _2\"></span> or p<span class=\"_ _2\"></span>ay <span class=\"_ _2\"></span>to te<span class=\"_ _2\"></span>rmin<span class=\"_ _2\"></span>ate i<span class=\"_ _2\"></span>ts <span class=\"_ _2\"></span>agreem<span class=\"_ _2\"></span>ents <span class=\"_ _2\"></span>as of<span class=\"_ _2\"></span> Nove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 30<span class=\"_ _2\"></span>, 2025<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> 20<span class=\"_ _2\"></span>24.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-666": {
   "value": "<table class=\"s w19c h153\" id=\"_6a301b57-b09f-4b4a-9151-f7acf982a911\"><tr><td></td><td></td><td></td><td class=\"c x2ba y2e25 wd0 hbe\"><div class=\"t m0 x1c5 h85 y2307 ff17d fs3b fc2 sc0 ls65 ws9b\">November 30<span class=\"_ _2\"></span>, 20<span class=\"ls1b ws2f\">25</span><span class=\"ls1b ws2f\"><span class=\"ls1 ws0\"> </span></span></div></td><td></td><td></td><td></td><td class=\"c x32c y2e25 wd1 hbe\"><div class=\"t m0 x1ee h82 y2307 ff17f fs3b fc2 sc0 ls1 ws32\">November 30, 20<span class=\"ls78 wsbd\">24</span><span class=\"ws0\"> </span></div></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x2b3 h85 y2e26 ff17d fs3b fc2 sc0 ls1 ws0\">Total c<span class=\"ls65 ws99\">arrying<span class=\"_ _195\"> </span></span></td><td></td><td></td><td></td><td class=\"c x383 y2e27 w19d h103\"><div class=\"t m0 x245 h82 y29a6 ff17f fs3b fc2 sc0 ls1e ws2f\">Total carrying<span class=\"_ _195\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2e28 w150 h102\"><div class=\"t m0 x245 h82 y29a6 ff17f fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2b9 h82 y29a7 ff17f fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x384 y2e29 w5e hb4\"><div class=\"t m0 x187 h85 y1fa2 ff17d fs3b fc2 sc0 ls65 ws99\">Current<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e29 wc6 hb4\"><div class=\"t m0 x19e h85 y1fa2 ff17d fs3b fc2 sc0 ls1d ws31\">Non<span class=\"ls1 ws0\">-current</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e29 w5f hb4\"><div class=\"t m0 xaf h85 y208f ff17d fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x186 h85 y1fa2 ff17d fs3b fc2 sc0 ls1 ws0\"> <span class=\"ls65 ws99\">value</span> </div></td><td class=\"c x387 y2e29 w5e hb4\"><div class=\"t m0 x17b h85 y1fa2 ff17d fs3b fc2 sc0 ls65 ws99\">Fair <span class=\"ls1 ws0\">v</span>alue<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e29 w5c hb4\"><div class=\"t m0 x187 h82 y1fa2 ff17f fs3b fc2 sc0 ls38 ws5e\">Curre<span class=\"_ _1\"></span>nt<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e29 w5f hb4\"><div class=\"t m0 x191 h82 y1fa2 ff17f fs3b fc2 sc0 ls1 ws0\">Non-<span class=\"ls1e ws32\">current</span> </div></td><td class=\"c x389 y2e2a w19e h103\"><div class=\"t m0 x245 h82 y29a6 ff17f fs3b fc2 sc0 ls2d ws4a\">value<span class=\"_ _195\"> </span></div></td><td class=\"c x2ae y2e29 w5c hb4\"><div class=\"t m0 x197 h82 y1fa2 ff17f fs3b fc2 sc0 ls1e ws32\">Fair <span class=\"ls1 ws0\">v<span class=\"ls2d ws4a\">alue</span></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e2b wcf ha4\"><div class=\"t m0 x0 h87 y1c18 ff17d fs3a fc2 sc0 ls2c ws91\">Financial <span class=\"ls1 ws0\">A<span class=\"_ _1\"></span><span class=\"ls27 ws3f\">ssets</span></span><span class=\"ls1 ws0\"><span class=\"ls27 ws3f\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e2c wcf h86\"><div class=\"t m0 x0 h91 y1bea ff17e fs3a fc2 sc0 ls2b wscf\">Financial<span class=\"_ _2\"></span> assets a<span class=\"_ _2\"></span>t FVTOCI<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e2d wcf h86\"><div class=\"t m0 x0 h88 y1be8 ff17f fs3a fc2 sc0 ls24 ws3a\">Investments in equity instruments<span class=\"ls1 ws0\"> <span class=\"ff180\">\u2013<span class=\"_ _1\"></span><span class=\"ff17f\"> <span class=\"ls29 ws44\">listed</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ff180\"><span class=\"ff17f\"> </span></span></span></div></td><td class=\"c x384 y2e2d w5e h86\"><div class=\"t m0 x1be h87 y1be8 ff181 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span></div></td><td class=\"c x385 y2e2d wc6 h86\"><div class=\"t m0 x17a h87 y1be8 ff17d fs3a fc2 sc0 ls21 ws35\">248,<span class=\"_ _2\"></span>350<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e2d w5f h86\"><div class=\"t m0 x17a h87 y1be8 ff17d fs3a fc2 sc0 ls21 ws35\">248,<span class=\"_ _2\"></span>350<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e2d w5e h86\"><div class=\"t m0 x17a h87 y1be8 ff17d fs3a fc2 sc0 ls21 ws35\">248,<span class=\"_ _2\"></span>350<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e2d w5c h86\"><div class=\"t m0 x1be h88 y1be8 ff180 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff17f\"> </span></div></td><td class=\"c x388 y2e2d w5f h86\"><div class=\"t m0 x17b h88 y1be8 ff17f fs3a fc2 sc0 ls20 ws36\">205,274<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e2d w5f h86\"><div class=\"t m0 x17b h88 y1be8 ff17f fs3a fc2 sc0 ls20 ws36\">205,274<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e2d w5c h86\"><div class=\"t m0 x17b h88 y1be8 ff17f fs3a fc2 sc0 ls20 ws36\">205,274<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e2e wcf h8a\"><div class=\"t m0 x0 h91 y1c65 ff17e fs3a fc2 sc0 ls2b wscf\">Financial<span class=\"_ _2\"></span> assets a<span class=\"_ _2\"></span>t amorti<span class=\"_ _2\"></span>sed cos<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e2f wcf h86\"><div class=\"t m0 x0 h88 y1bef ff17f fs3a fc2 sc0 ls24 ws3a\">Cash and cash equivalents<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x384 y2e2f w5e h86\"><div class=\"t m0 x17b h87 y1bef ff17d fs3a fc2 sc0 ls76 wsb9\">144,557<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e2f wc6 h86\"><div class=\"t m0 x1be h87 y1bef ff181 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span></div></td><td class=\"c x386 y2e2f w5f h86\"><div class=\"t m0 x17b h87 y1bef ff17d fs3a fc2 sc0 ls76 wsb9\">144,557<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e2f w5e h86\"><div class=\"t m0 x17b h87 y1bef ff17d fs3a fc2 sc0 ls76 wsb9\">144,557<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e2f w5c h86\"><div class=\"t m0 x197 h88 y1bef ff17f fs3a fc2 sc0 ls7f wsd9\">334,738<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e2f w5f h86\"><div class=\"t m0 x1be h88 y1bef ff180 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff17f\"> </span></div></td><td class=\"c x2b2 y2e2f w5f h86\"><div class=\"t m0 x17b h88 y1bef ff17f fs3a fc2 sc0 ls20 ws36\">334,738<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e2f w5c h86\"><div class=\"t m0 x17b h88 y1bef ff17f fs3a fc2 sc0 ls20 ws36\">334,738<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e30 wcf h86\"><div class=\"t m0 x0 h88 y1c4c ff17f fs3a fc2 sc0 ls26 ws3d\">Trade receiv<span class=\"_ _1\"></span>ables<span class=\"ls23 ws4b\">, excluding<span class=\"_ _1\"></span> contract receivab<span class=\"_ _1\"></span>les</span><span class=\"ls23 ws4b\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x384 y2e30 w5e h86\"><div class=\"t m0 x17b h87 y1c4c ff17d fs3a fc2 sc0 ls76 wsb9\">330,096<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e30 wc6 h86\"><div class=\"t m0 x1be h87 y1c4c ff181 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span></div></td><td class=\"c x386 y2e30 w5f h86\"><div class=\"t m0 x17a h87 y1c4c ff17d fs3a fc2 sc0 ls21 ws35\">330,<span class=\"_ _2\"></span>096<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e30 w5e h86\"><div class=\"t m0 x17a h87 y1c4c ff17d fs3a fc2 sc0 ls21 ws35\">330,<span class=\"_ _2\"></span>096<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e30 w5c h86\"><div class=\"t m0 x197 h88 y1c4c ff17f fs3a fc2 sc0 ls7f wsd9\">359,530<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e30 w5f h86\"><div class=\"t m0 x1be h88 y1c4c ff180 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff17f\"> </span></div></td><td class=\"c x2b2 y2e30 w5f h86\"><div class=\"t m0 x197 h88 y1c4c ff17f fs3a fc2 sc0 ls7f wsd9\">359,530<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e30 w5c h86\"><div class=\"t m0 x197 h88 y1c4c ff17f fs3a fc2 sc0 ls7f wsd9\">359,530<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e31 wcf h8a\"><div class=\"t m0 x0 h88 y1c3f ff17f fs3a fc2 sc0 ls24 ws3a\">Loans and advances to joint ventur<span class=\"_ _2\"></span>es<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2e ws4c\">and<span class=\"_ _2\"></span> associates</span></span><span class=\"ls1 ws0\"><span class=\"ls2e ws4c\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x384 y2e31 w5e h8a\"><div class=\"t m0 x1be h87 y1c3f ff181 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span></div></td><td class=\"c x385 y2e31 wc6 h8a\"><div class=\"t m0 x17f h87 y1c3f ff17d fs3a fc2 sc0 ls23 ws39\">72,893<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e31 w5f h8a\"><div class=\"t m0 x17f h87 y1c3f ff17d fs3a fc2 sc0 ls23 ws39\">72,893<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e31 w5e h8a\"><div class=\"t m0 x17f h87 y1c3f ff17d fs3a fc2 sc0 ls23 ws39\">72,893<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e31 w5c h8a\"><div class=\"t m0 x1be h88 y1c3f ff180 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff17f\"> </span></div></td><td class=\"c x388 y2e31 w5f h8a\"><div class=\"t m0 x180 h88 y1c3f ff17f fs3a fc2 sc0 ls20 ws36\">81,372<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e31 w5f h8a\"><div class=\"t m0 x180 h88 y1c3f ff17f fs3a fc2 sc0 ls20 ws36\">81,372<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e31 w5c h8a\"><div class=\"t m0 x180 h88 y1c3f ff17f fs3a fc2 sc0 ls20 ws36\">81,372<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e32 wcf h86\"><div class=\"t m0 x0 h88 y1bf4 ff17f fs3a fc2 sc0 ls23 ws4b\">Other curren<span class=\"_ _1\"></span>t assets<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span> </span></div></td><td class=\"c x384 y2e32 w5e h86\"><div class=\"t m0 x17f h87 y1bf4 ff17d fs3a fc2 sc0 ls23 ws39\">31,956<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e32 wc6 h86\"><div class=\"t m0 x1be h87 y1bf4 ff181 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span></div></td><td class=\"c x386 y2e32 w5f h86\"><div class=\"t m0 x17f h87 y1bf4 ff17d fs3a fc2 sc0 ls23 ws39\">31,956<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e32 w5e h86\"><div class=\"t m0 x17f h87 y1bf4 ff17d fs3a fc2 sc0 ls23 ws39\">31,956<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e32 w5c h86\"><div class=\"t m0 x180 h88 y1bf4 ff17f fs3a fc2 sc0 ls20 ws36\">34,885<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e32 w5f h86\"><div class=\"t m0 x1be h88 y1bf4 ff180 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff17f\"> </span></div></td><td class=\"c x2b2 y2e32 w5f h86\"><div class=\"t m0 x180 h88 y1bf4 ff17f fs3a fc2 sc0 ls20 ws36\">34,885<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e32 w5c h86\"><div class=\"t m0 x180 h88 y1bf4 ff17f fs3a fc2 sc0 ls20 ws36\">34,885<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x384 y2e33 w5e h86\"><div class=\"t m0 x17b h87 y1bfa ff17d fs3a fc2 sc0 ls76 wsb9\">506,609<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e33 wc6 h86\"><div class=\"t m0 x17a h87 y1bfa ff17d fs3a fc2 sc0 ls21 ws35\">321,<span class=\"_ _2\"></span>243<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e33 w5f h86\"><div class=\"t m0 x17a h87 y1bfa ff17d fs3a fc2 sc0 ls21 ws35\">827,<span class=\"_ _2\"></span>852<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e33 w5e h86\"><div class=\"t m0 x17a h87 y1bfa ff17d fs3a fc2 sc0 ls21 ws35\">827,<span class=\"_ _2\"></span>852<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e33 w5c h86\"><div class=\"t m0 x197 h88 y1bfa ff17f fs3a fc2 sc0 ls7f wsd9\">729,153<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e33 w5f h86\"><div class=\"t m0 x17b h88 y1bfa ff17f fs3a fc2 sc0 ls20 ws36\">286,646<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e33 w5f h86\"><div class=\"t m0 x17c h88 y1bfa ff17f fs3a fc2 sc0 ls20 ws36\">1,015,799<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e33 w5c h86\"><div class=\"t m0 x17c h88 y1bfa ff17f fs3a fc2 sc0 ls20 ws36\">1,015,799<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e34 wcf h86\"><div class=\"t m0 x0 h87 y1bf8 ff17d fs3a fc2 sc0 ls2c ws5a\">Financial Liabilities<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e35 wcf h8a\"><div class=\"t m0 x0 h88 y1bf6 ff17e fs3a fc2 sc0 ls25 ws42\">Financial liabilities at<span class=\"_ _2\"></span> amortised cost<span class=\"_ _2\"></span><span class=\"ff17f ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e36 wcf ha1\"><div class=\"t m0 x0 h88 y1bf8 ff17f fs3a fc2 sc0 ls24 ws3a\">Accounts payables, excluding withholding and value<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls28\">adde<span class=\"_ _2\"></span>d ta<span class=\"_ _2\"></span>xes</span></span><span class=\"ls1 ws0\"><span class=\"ls28\"><span class=\"ls1\"> </span></span></span></div></td><td class=\"c x384 y2e36 w5e ha1\"><div class=\"t m0 x17b h87 y1bf8 ff17d fs3a fc2 sc0 ls76 wsb9\">117,080<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e36 wc6 ha1\"><div class=\"t m0 x1be h87 y1bf8 ff181 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span></div></td><td class=\"c x386 y2e36 w5f ha1\"><div class=\"t m0 x17b h87 y1bf8 ff17d fs3a fc2 sc0 ls76 wsb9\">117,080<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e36 w5e ha1\"><div class=\"t m0 x17b h87 y1bf8 ff17d fs3a fc2 sc0 ls76 wsb9\">117,080<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e36 w5c ha1\"><div class=\"t m0 x181 h88 y1bf8 ff17f fs3a fc2 sc0 ls7f wsd9\">88,320<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e36 w5f ha1\"><div class=\"t m0 x1be h88 y1bf8 ff180 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff17f\"> </span></div></td><td class=\"c x2b2 y2e36 w5f ha1\"><div class=\"t m0 x181 h88 y1bf8 ff17f fs3a fc2 sc0 ls7f wsd9\">88,320<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e36 w5c ha1\"><div class=\"t m0 x181 h88 y1bf8 ff17f fs3a fc2 sc0 ls7f wsd9\">88,320<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e37 wcf h93\"><div class=\"t m0 x0 h88 y243b ff17f fs3a fc2 sc0 ls26 ws3d\">Accrued expenses a<span class=\"_ _1\"></span>nd accrued voyage expenses<span class=\"_ _1\"></span><span class=\"ls29 ws42\">, ex<span class=\"_ _2\"></span>cluding co<span class=\"_ _2\"></span>ntract<span class=\"_ _2\"></span> liabilities a<span class=\"_ _2\"></span>nd </span></div><div class=\"t m0 x0 h88 y1c50 ff17f fs3a fc2 sc0 ls26 ws3d\">deferred rev<span class=\"_ _1\"></span>enue<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x384 y2e37 w5e h93\"><div class=\"t m0 x17b h87 y1c50 ff17d fs3a fc2 sc0 ls76 wsb9\">282,144<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e37 wc6 h93\"><div class=\"t m0 x1be h87 y1c50 ff181 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span></div></td><td class=\"c x386 y2e37 w5f h93\"><div class=\"t m0 x17b h87 y1c50 ff17d fs3a fc2 sc0 ls76 wsb9\">282,144<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e37 w5e h93\"><div class=\"t m0 x17b h87 y1c50 ff17d fs3a fc2 sc0 ls76 wsb9\">282,144<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e37 w5c h93\"><div class=\"t m0 x197 h88 y1c50 ff17f fs3a fc2 sc0 ls7f wsd9\">291,209<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e37 w5f h93\"><div class=\"t m0 x1be h88 y1c50 ff180 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff17f\"> </span></div></td><td class=\"c x2b2 y2e37 w5f h93\"><div class=\"t m0 x197 h88 y1c50 ff17f fs3a fc2 sc0 ls7f wsd9\">291,209<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e37 w5c h93\"><div class=\"t m0 x197 h88 y1c50 ff17f fs3a fc2 sc0 ls7f wsd9\">291,209<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e38 wcf h86\"><div class=\"t m0 x0 h88 y1bde ff17f fs3a fc2 sc0 ls29 ws42\">Dividend paya<span class=\"_ _2\"></span>ble<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x384 y2e38 w5e h86\"><div class=\"t m0 x180 h87 y1bde ff17d fs3a fc2 sc0 ls76 wsb9\">53,177<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e38 wc6 h86\"><div class=\"t m0 x1be h87 y1bde ff181 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span></div></td><td class=\"c x386 y2e38 w5f h86\"><div class=\"t m0 x17f h87 y1bde ff17d fs3a fc2 sc0 ls23 ws39\">53,177<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e38 w5e h86\"><div class=\"t m0 x17f h87 y1bde ff17d fs3a fc2 sc0 ls23 ws39\">53,177<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e38 w5c h86\"><div class=\"t m0 x181 h88 y1bde ff17f fs3a fc2 sc0 ls7f wsd9\">66,972<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e38 w5f h86\"><div class=\"t m0 x1be h88 y1bde ff180 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff17f\"> </span></div></td><td class=\"c x2b2 y2e38 w5f h86\"><div class=\"t m0 x181 h88 y1bde ff17f fs3a fc2 sc0 ls7f wsd9\">66,972<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e38 w5c h86\"><div class=\"t m0 x181 h88 y1bde ff17f fs3a fc2 sc0 ls7f wsd9\">66,972<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e39 wcf h8a\"><div class=\"t m0 x0 h88 y1c2d ff17f fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease<span class=\"_ _2\"></span> obligations,<span class=\"_ _2\"></span> includin<span class=\"_ _2\"></span>g curre<span class=\"_ _2\"></span>nt maturit<span class=\"_ _2\"></span>ies</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x384 y2e39 w5e h8a\"><div class=\"t m0 x180 h87 y1c2d ff17d fs3a fc2 sc0 ls76 wsb9\">75,032<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e39 wc6 h8a\"><div class=\"t m0 x17b h87 y1c2d ff17d fs3a fc2 sc0 ls76 wsb9\">327,156<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e39 w5f h8a\"><div class=\"t m0 x17a h87 y1c2d ff17d fs3a fc2 sc0 ls21 ws35\">402,<span class=\"_ _2\"></span>188<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e39 w5e h8a\"><div class=\"t m0 x17a h87 y1c2d ff17d fs3a fc2 sc0 ls21 ws35\">402,<span class=\"_ _2\"></span>188<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e39 w5c h8a\"><div class=\"t m0 x181 h88 y1c2d ff17f fs3a fc2 sc0 ls7f wsd9\">58,581<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e39 w5f h8a\"><div class=\"t m0 x197 h88 y1c2d ff17f fs3a fc2 sc0 ls7f wsd9\">285,430<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e39 w5f h8a\"><div class=\"t m0 x17b h88 y1c2d ff17f fs3a fc2 sc0 ls20 ws36\">344,011<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e39 w5c h8a\"><div class=\"t m0 x17b h88 y1c2d ff17f fs3a fc2 sc0 ls20 ws36\">344,011<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x246 y2e3a w19f hfa\"><div class=\"t m0 x245 h88 y2933 ff17f fs3a fc2 sc0 ls22 ws3e\">Short<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2e ws4c\">ter<span class=\"_ _2\"></span>m loans and l<span class=\"ls24 ws3b\">ong<span class=\"ls1 ws0\">-<span class=\"ls23 ws4b\">term<span class=\"_ _1\"></span> debt, includi<span class=\"_ _1\"></span>ng current maturi<span class=\"_ _1\"></span>ties<span class=\"ls1 ws0\"> <span class=\"ls2e ws5c\">and <span class=\"_ _1\"></span><span class=\"ls28 wsc0\">ex<span class=\"_ _2\"></span>cluding de<span class=\"_ _2\"></span>bt<span class=\"_ _195\"> </span></span></span></span></span></span></span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x246 y2e3b w1a0 hfa\"><div class=\"t m0 x245 h88 y2933 ff17f fs3a fc2 sc0 ls25 ws3c\">issuance costs<span class=\"_ _195\"> </span></div></td><td class=\"c x384 y2e3c w5e h90\"><div class=\"t m0 x17b h87 y1c2d ff17d fs3a fc2 sc0 ls76 wsb9\">361,550<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e3c wc6 h90\"><div class=\"t m0 x17c h87 y1c2d ff17d fs3a fc2 sc0 ls76 wsb9\">1,855,520<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e3c w5f h90\"><div class=\"t m0 x175 h87 y1c2d ff17d fs3a fc2 sc0 ls21 ws35\">2,21<span class=\"_ _2\"></span>7,070<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e3c w5e h90\"><div class=\"t m0 x175 h87 y1c2d ff17d fs3a fc2 sc0 ls21 ws35\">2,32<span class=\"_ _2\"></span>6,668<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e3c w5c h90\"><div class=\"t m0 x197 h88 y1c2d ff17f fs3a fc2 sc0 ls7f wsd9\">200,446<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e3c w5f h90\"><div class=\"t m0 x17d h88 y1c2d ff17f fs3a fc2 sc0 ls85 wsda\">1,<span class=\"_ _2\"></span>660,0<span class=\"_ _2\"></span>51<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e3c w5f h90\"><div class=\"t m0 x17c h88 y1c2d ff17f fs3a fc2 sc0 ls20 ws36\">1,860,497<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e3c w5c h90\"><div class=\"t m0 x17c h88 y1c2d ff17f fs3a fc2 sc0 ls20 ws36\">1,979,333<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e3d wcf h86\"><div class=\"t m0 x0 h88 y1bde ff17f fs3a fc2 sc0 ls29 ws42\">Other cur<span class=\"_ _2\"></span>rent liabilit<span class=\"_ _2\"></span>ies<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x384 y2e3d w5e h86\"><div class=\"t m0 x180 h87 y1bde ff17d fs3a fc2 sc0 ls76 wsb9\">42,918<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e3d wc6 h86\"><div class=\"t m0 x1be h87 y1bde ff181 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span></div></td><td class=\"c x386 y2e3d w5f h86\"><div class=\"t m0 x17f h87 y1bde ff17d fs3a fc2 sc0 ls23 ws39\">42,918<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e3d w5e h86\"><div class=\"t m0 x17f h87 y1bde ff17d fs3a fc2 sc0 ls23 ws39\">42,918<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e3d w5c h86\"><div class=\"t m0 x181 h88 y1bde ff17f fs3a fc2 sc0 ls7f wsd9\">56,031<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e3d w5f h86\"><div class=\"t m0 x1be h88 y1bde ff180 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff17f\"> </span></div></td><td class=\"c x2b2 y2e3d w5f h86\"><div class=\"t m0 x181 h88 y1bde ff17f fs3a fc2 sc0 ls7f wsd9\">56,031<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e3d w5c h86\"><div class=\"t m0 x181 h88 y1bde ff17f fs3a fc2 sc0 ls7f wsd9\">56,031<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x24e h87 y2e3e ff17d fs3a fc2 sc0 ls76 wsb9\">931,901<span class=\"_ _195\"> </span></td><td class=\"t m0 x38a h87 y2e3e ff17d fs3a fc2 sc0 ls76 wsb9\">2,182,676<span class=\"_ _195\"> </span></td><td class=\"t m0 x30d h87 y2e3e ff17d fs3a fc2 sc0 ls21 ws35\">3,11<span class=\"_ _2\"></span>4,577<span class=\"_ _195\"> </span></td><td class=\"t m0 x38b h87 y2e3e ff17d fs3a fc2 sc0 ls21 ws35\">3,22<span class=\"_ _2\"></span>4,175<span class=\"_ _195\"> </span></td><td class=\"t m0 x38c h88 y2e3e ff17f fs3a fc2 sc0 ls7f wsd9\">761,559<span class=\"_ _195\"> </span></td><td class=\"t m0 x38d h88 y2e3e ff17f fs3a fc2 sc0 ls85 wsda\">1,<span class=\"_ _2\"></span>945,4<span class=\"_ _2\"></span>81<span class=\"_ _195\"> </span></td><td class=\"t m0 x38e h88 y2e3e ff17f fs3a fc2 sc0 ls20 ws36\">2,707,040<span class=\"_ _195\"> </span></td><td class=\"t m0 x38f h88 y2e3e ff17f fs3a fc2 sc0 ls20 ws36\">2,825,876<span class=\"_ _195\"> </span></td></tr></table><table class=\"s w14c h154\" id=\"_9d4dc921-35fb-4e70-ae38-d35b44cf76c8\"><tr><td></td><td></td><td></td><td class=\"c x384 y2e3f wd3 h80\"><div class=\"t m0 x220 h85 y1bd2 ff185 fs3b fc2 sc0 ls65 ws9b\">November 30<span class=\"_ _2\"></span>, 20<span class=\"ls1b ws2f\">25</span><span class=\"ls1b ws2f\"><span class=\"ls1 ws0\"> </span></span></div></td><td></td><td></td><td></td><td class=\"c x32c y2e3f wd4 h80\"><div class=\"t m0 x220 h82 y1bd2 ff184 fs3b fc2 sc0 ls1 ws32\">November 30, 20<span class=\"ls78 wsbd\">24</span><span class=\"ws0\"> </span></div></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c x386 y2e40 w5f hb4\"><div class=\"t m0 x17e h85 y1c8c ff185 fs3b fc2 sc0 ls1 ws9a\">Total carrying </div></td><td></td><td></td><td></td><td class=\"c x2b2 y2e40 w5f hb4\"><div class=\"t m0 x19a h82 y1c8c ff184 fs3b fc2 sc0 ls1e ws2f\">Total carrying </div></td><td></td></tr><tr><td class=\"c x246 y2e41 w150 h102\"><div class=\"t m0 x245 h82 y29a6 ff184 fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2b9 h82 y29a7 ff184 fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x2e6 h85 y2e42 ff185 fs3b fc2 sc0 ls65 ws99\">Current<span class=\"_ _195\"> </span></td><td class=\"t m0 x38a h85 y2e42 ff185 fs3b fc2 sc0 ls1d ws31\">Non<span class=\"ls1 ws0\">-current<span class=\"_ _195\"> </span></span></td><td class=\"t m0 x300 h85 y2e42 ff185 fs3b fc2 sc0 ls65 ws99\">value<span class=\"_ _195\"> </span></td><td class=\"t m0 x390 h85 y2e42 ff185 fs3b fc2 sc0 ls65 ws99\">Fair <span class=\"ls1 ws0\">v</span>alue<span class=\"_ _195\"> </span></td><td class=\"t m0 x323 h82 y2e42 ff184 fs3b fc2 sc0 ls38 ws5e\">Curre<span class=\"_ _1\"></span>nt<span class=\"_ _195\"> </span></td><td class=\"t m0 x391 h82 y2e42 ff184 fs3b fc2 sc0 ls1 ws0\">Non-<span class=\"ls1e ws32\">current<span class=\"_ _195\"> </span></span></td><td class=\"t m0 x2ad h82 y2e42 ff184 fs3b fc2 sc0 ls2d ws4a\">value<span class=\"_ _195\"> </span></td><td class=\"t m0 x392 h82 y2e42 ff184 fs3b fc2 sc0 ls1e ws32\">Fair <span class=\"ls1 ws0\">v<span class=\"ls2d ws4a\">alue<span class=\"_ _195\"> </span></span></span></td></tr><tr><td class=\"c x24b y2e43 wcf h86\"><div class=\"t m0 x0 h87 y1bf4 ff185 fs3a fc2 sc0 ls2c ws5a\">Derivative Financial Ins<span class=\"_ _1\"></span>truments at<span class=\"ls1 ws0\"> F<span class=\"_ _1\"></span><span class=\"ls2e ws5c\">air<span class=\"ls1 ws0\"> V<span class=\"_ _1\"></span><span class=\"ls2e ws5c\">alue</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls2e ws5c\"><span class=\"ls1 ws0\"><span class=\"ls2e ws5c\"><span class=\"_ _2\"></span><span class=\"ff186 ls1 ws0\"> </span></span></span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e44 wcf h8a\"><div class=\"t m0 x0 h91 y1c3f ff187 fs3a fc2 sc0 ls1f ws43\">Assets<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e45 wcf h86\"><div class=\"t m0 x0 h88 y1bf4 ff184 fs3a fc2 sc0 ls24 ws3a\">Foreign currency exchange contr<span class=\"_ _2\"></span>acts <span class=\"ff188 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff184\"> <span class=\"ls24 ws3a\">cash flow hedges</span></span></span><span class=\"ff188 ls1 ws0\"><span class=\"ff184\"> </span></span></div></td><td class=\"c x384 y2e45 w5e h86\"><div class=\"t m0 x187 h87 y1bf4 ff185 fs3a fc2 sc0 ls21 ws35\">3,68<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e45 wc6 h86\"><div class=\"t m0 x1be h87 y1bf4 ff189 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff185\"> </span></div></td><td class=\"c x386 y2e45 w5f h86\"><div class=\"t m0 x187 h87 y1bf4 ff185 fs3a fc2 sc0 ls21 ws35\">3,68<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e45 w5e h86\"><div class=\"t m0 x187 h87 y1bf4 ff185 fs3a fc2 sc0 ls21 ws35\">3,68<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e45 w5c h86\"><div class=\"t m0 x179 h88 y1bf4 ff184 fs3a fc2 sc0 ls20 ws36\">3,142<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e45 w5f h86\"><div class=\"t m0 x1be h88 y1bf4 ff188 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff184\"> </span></div></td><td class=\"c x2b2 y2e45 w5f h86\"><div class=\"t m0 x179 h88 y1bf4 ff184 fs3a fc2 sc0 ls20 ws36\">3,142<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e45 w5c h86\"><div class=\"t m0 x179 h88 y1bf4 ff184 fs3a fc2 sc0 ls20 ws36\">3,142<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e46 wcf h86\"><div class=\"t m0 x0 h88 y1bef ff184 fs3a fc2 sc0 ls26 ws3d\">Interest rate swaps<span class=\"ls1 ws0\"> <span class=\"_ _3\"></span><span class=\"ff188\">\u2013<span class=\"ff184\"> <span class=\"ls24 ws3a\">cash f<span class=\"_ _1\"></span>low hed<span class=\"_ _2\"></span>ges</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ff188\"><span class=\"ff184\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></span></span></div></td><td class=\"c x384 y2e46 w5e h86\"><div class=\"t m0 x187 h87 y1bef ff185 fs3a fc2 sc0 ls21 ws35\">2,95<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e46 wc6 h86\"><div class=\"t m0 x185 h87 y1bef ff185 fs3a fc2 sc0 ls21 ws35\">411<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e46 w5f h86\"><div class=\"t m0 x187 h87 y1bef ff185 fs3a fc2 sc0 ls21 ws35\">3,36<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e46 w5e h86\"><div class=\"t m0 x187 h87 y1bef ff185 fs3a fc2 sc0 ls21 ws35\">3,36<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e46 w5c h86\"><div class=\"t m0 x179 h88 y1bef ff184 fs3a fc2 sc0 ls20 ws36\">3,283<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e46 w5f h86\"><div class=\"t m0 x179 h88 y1bef ff184 fs3a fc2 sc0 ls20 ws36\">2,337<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e46 w5f h86\"><div class=\"t m0 x179 h88 y1bef ff184 fs3a fc2 sc0 ls20 ws36\">5,620<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e46 w5c h86\"><div class=\"t m0 x179 h88 y1bef ff184 fs3a fc2 sc0 ls20 ws36\">5,620<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e47 wcf h8c\"><div class=\"t m0 x0 h88 y1c4d ff184 fs3a fc2 sc0 ls22 ws3e\">Cross<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls22 ws37\">currency interest ra<span class=\"_ _1\"></span>te swaps<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ff188\">\u2013<span class=\"ff184\"> <span class=\"_ _1\"></span><span class=\"ls24 ws3a\">cash flow he<span class=\"_ _2\"></span>dges</span></span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls22 ws37\"><span class=\"ls1 ws0\"><span class=\"ff188\"><span class=\"ff184\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></span></span></span></span></div></td><td class=\"c x384 y2e47 w5e h8c\"><div class=\"t m0 x185 h87 y1c4d ff185 fs3a fc2 sc0 ls21 ws35\">490<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e47 wc6 h8c\"><div class=\"t m0 x187 h87 y1c4d ff185 fs3a fc2 sc0 ls21 ws35\">3,58<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e47 w5f h8c\"><div class=\"t m0 x187 h87 y1c4d ff185 fs3a fc2 sc0 ls21 ws35\">4,07<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e47 w5e h8c\"><div class=\"t m0 x187 h87 y1c4d ff185 fs3a fc2 sc0 ls21 ws35\">4,07<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e47 w5c h8c\"><div class=\"t m0 x184 h88 y1c4d ff184 fs3a fc2 sc0 ls20 ws36\">189<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e47 w5f h8c\"><div class=\"t m0 x1be h88 y1c4d ff188 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff184\"> </span></div></td><td class=\"c x2b2 y2e47 w5f h8c\"><div class=\"t m0 x184 h88 y1c4d ff184 fs3a fc2 sc0 ls20 ws36\">189<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e47 w5c h8c\"><div class=\"t m0 x184 h88 y1c4d ff184 fs3a fc2 sc0 ls20 ws36\">189<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e48 wcf h89\"><div class=\"t m0 x0 h88 y1bfa ff184 fs3a fc2 sc0 ls22 ws37\">Carbon emi<span class=\"_ _1\"></span>ssion forward con<span class=\"_ _1\"></span>tracts <span class=\"ff188 ls1 ws0\">\u2013<span class=\"ff184\"> <span class=\"_ _1\"></span><span class=\"ls24 ws3a\">cash flow hedges</span></span></span><span class=\"ff188 ls1 ws0\"><span class=\"ff184\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></span></div></td><td class=\"c x384 y2e48 w5e h89\"><div class=\"t m0 x187 h87 y1bfa ff185 fs3a fc2 sc0 ls21 ws35\">1,32<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e48 wc6 h89\"><div class=\"t m0 x1be h87 y1bfa ff189 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff185\"> </span></div></td><td class=\"c x386 y2e48 w5f h89\"><div class=\"t m0 x187 h87 y1bfa ff185 fs3a fc2 sc0 ls21 ws35\">1,32<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e48 w5e h89\"><div class=\"t m0 x187 h87 y1bfa ff185 fs3a fc2 sc0 ls21 ws35\">1,32<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e48 w5c h89\"><div class=\"t m0 x184 h88 y1bfa ff184 fs3a fc2 sc0 ls20 ws36\">400<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e48 w5f h89\"><div class=\"t m0 x1be h88 y1bfa ff188 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff184\"> </span></div></td><td class=\"c x2b2 y2e48 w5f h89\"><div class=\"t m0 x184 h88 y1bfa ff184 fs3a fc2 sc0 ls20 ws36\">400<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e48 w5c h89\"><div class=\"t m0 x184 h88 y1bfa ff184 fs3a fc2 sc0 ls20 ws36\">400<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x384 y2e49 w5e h8b\"><div class=\"t m0 x187 h87 y1c50 ff185 fs3a fc2 sc0 ls21 ws35\">8,44<span class=\"_ _2\"></span>9<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e49 wc6 h8b\"><div class=\"t m0 x187 h87 y1c50 ff185 fs3a fc2 sc0 ls21 ws35\">3,99<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e49 w5f h8b\"><div class=\"t m0 x17f h87 y1c50 ff185 fs3a fc2 sc0 ls23 ws39\">12,441<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e49 w5e h8b\"><div class=\"t m0 x17f h87 y1c50 ff185 fs3a fc2 sc0 ls23 ws39\">12,441<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e49 w5c h8b\"><div class=\"t m0 x179 h88 y1c50 ff184 fs3a fc2 sc0 ls20 ws36\">7,014<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e49 w5f h8b\"><div class=\"t m0 x179 h88 y1c50 ff184 fs3a fc2 sc0 ls20 ws36\">2,337<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e49 w5f h8b\"><div class=\"t m0 x179 h88 y1c50 ff184 fs3a fc2 sc0 ls20 ws36\">9,351<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e49 w5c h8b\"><div class=\"t m0 x179 h88 y1c50 ff184 fs3a fc2 sc0 ls20 ws36\">9,351<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e4a wcf h8e\"><div class=\"t m0 x0 h91 y244b ff187 fs3a fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x0 h88 y1bdc ff187 fs3a fc2 sc0 ls25 ws41\">Liabilities<span class=\"ff184 ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e4b wcf h86\"><div class=\"t m0 x0 h88 y1bde ff184 fs3a fc2 sc0 ls22 ws3e\">Cross<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls22 ws37\">currency interest ra<span class=\"_ _1\"></span>te swaps <span class=\"ff188 ls1 ws0\">\u2013<span class=\"ff184\"> <span class=\"_ _3\"></span><span class=\"ls24 ws3a\">c<span class=\"_ _2\"></span>ash flow hedges</span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls22 ws37\"><span class=\"ff188 ls1 ws0\"><span class=\"ff184\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></span></span></span></div></td><td class=\"c x384 y2e4b w5e h86\"><div class=\"t m0 x185 h87 y1bde ff185 fs3a fc2 sc0 ls21 ws35\">265<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e4b wc6 h86\"><div class=\"t m0 x187 h87 y1bde ff185 fs3a fc2 sc0 ls21 ws35\">4,31<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e4b w5f h86\"><div class=\"t m0 x187 h87 y1bde ff185 fs3a fc2 sc0 ls21 ws35\">4,57<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e4b w5e h86\"><div class=\"t m0 x187 h87 y1bde ff185 fs3a fc2 sc0 ls21 ws35\">4,57<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e4b w5c h86\"><div class=\"t m0 x184 h88 y1bde ff184 fs3a fc2 sc0 ls20 ws36\">776<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e4b w5f h86\"><div class=\"t m0 x179 h88 y1bde ff184 fs3a fc2 sc0 ls20 ws36\">7,860<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e4b w5f h86\"><div class=\"t m0 x179 h88 y1bde ff184 fs3a fc2 sc0 ls20 ws36\">8,636<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e4b w5c h86\"><div class=\"t m0 x179 h88 y1bde ff184 fs3a fc2 sc0 ls20 ws36\">8,636<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e4c wcf h8a\"><div class=\"t m0 x0 h88 y1c2d ff184 fs3a fc2 sc0 ls24 ws3a\">Foreign currency exchange contr<span class=\"_ _2\"></span>acts<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ff188\">\u2013<span class=\"ff184\"> <span class=\"_ _3\"></span><span class=\"ls24 ws3a\">c<span class=\"_ _2\"></span>ash flow hedges</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ff188\"><span class=\"ff184\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></span></span></div></td><td class=\"c x384 y2e4c w5e h8a\"><div class=\"t m0 x187 h87 y1c2d ff185 fs3a fc2 sc0 ls21 ws35\">1,33<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e4c wc6 h8a\"><div class=\"t m0 x1be h87 y1c2d ff189 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff185\"> </span></div></td><td class=\"c x386 y2e4c w5f h8a\"><div class=\"t m0 x187 h87 y1c2d ff185 fs3a fc2 sc0 ls21 ws35\">1,33<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e4c w5e h8a\"><div class=\"t m0 x187 h87 y1c2d ff185 fs3a fc2 sc0 ls21 ws35\">1,33<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e4c w5c h8a\"><div class=\"t m0 x179 h88 y1c2d ff184 fs3a fc2 sc0 ls20 ws36\">5,720<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e4c w5f h8a\"><div class=\"t m0 x1be h88 y1c2d ff188 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff184\"> </span></div></td><td class=\"c x2b2 y2e4c w5f h8a\"><div class=\"t m0 x179 h88 y1c2d ff184 fs3a fc2 sc0 ls20 ws36\">5,720<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e4c w5c h8a\"><div class=\"t m0 x179 h88 y1c2d ff184 fs3a fc2 sc0 ls20 ws36\">5,720<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e4d wcf h86\"><div class=\"t m0 x0 h88 y1bde ff184 fs3a fc2 sc0 ls26 ws3d\">Interest rate swaps<span class=\"ls1 ws0\"> <span class=\"_ _3\"></span><span class=\"ff188\">\u2013<span class=\"ff184\"> <span class=\"ls24 ws3a\">cash f<span class=\"_ _1\"></span>low hed<span class=\"_ _2\"></span>ges</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ff188\"><span class=\"ff184\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></span></span></div></td><td class=\"c x384 y2e4d w5e h86\"><div class=\"t m0 x187 h87 y1bde ff185 fs3a fc2 sc0 ls21 ws35\">2,65<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e4d wc6 h86\"><div class=\"t m0 x187 h87 y1bde ff185 fs3a fc2 sc0 ls21 ws35\">7,01<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e4d w5f h86\"><div class=\"t m0 x187 h87 y1bde ff185 fs3a fc2 sc0 ls21 ws35\">9,66<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e4d w5e h86\"><div class=\"t m0 x187 h87 y1bde ff185 fs3a fc2 sc0 ls21 ws35\">9,66<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e4d w5c h86\"><div class=\"t m0 x184 h88 y1bde ff184 fs3a fc2 sc0 ls20 ws36\">846<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e4d w5f h86\"><div class=\"t m0 x179 h88 y1bde ff184 fs3a fc2 sc0 ls20 ws36\">4,811<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e4d w5f h86\"><div class=\"t m0 x179 h88 y1bde ff184 fs3a fc2 sc0 ls20 ws36\">5,657<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e4d w5c h86\"><div class=\"t m0 x179 h88 y1bde ff184 fs3a fc2 sc0 ls20 ws36\">5,657<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x384 y2e4e w5e h86\"><div class=\"t m0 x187 h87 y1be4 ff185 fs3a fc2 sc0 ls21 ws35\">4,24<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e4e wc6 h86\"><div class=\"t m0 x17f h87 y1be4 ff185 fs3a fc2 sc0 ls23 ws39\">11,320<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e4e w5f h86\"><div class=\"t m0 x17f h87 y1be4 ff185 fs3a fc2 sc0 ls23 ws39\">15,566<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e4e w5e h86\"><div class=\"t m0 x17f h87 y1be4 ff185 fs3a fc2 sc0 ls23 ws39\">15,566<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e4e w5c h86\"><div class=\"t m0 x179 h88 y1be4 ff184 fs3a fc2 sc0 ls20 ws36\">7,342<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e4e w5f h86\"><div class=\"t m0 x180 h88 y1be4 ff184 fs3a fc2 sc0 ls20 ws36\">12,671<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e4e w5f h86\"><div class=\"t m0 x180 h88 y1be4 ff184 fs3a fc2 sc0 ls20 ws36\">20,013<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e4e w5c h86\"><div class=\"t m0 x180 h88 y1be4 ff184 fs3a fc2 sc0 ls20 ws36\">20,013<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>Fair value of financial instruments The e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ated fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> amou<span class=\"_ _2\"></span>nts of<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nancia<span class=\"_ _2\"></span>l i<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>uments<span class=\"_ _2\"></span> have<span class=\"_ _2\"></span> bee<span class=\"_ _2\"></span>n determ<span class=\"_ _2\"></span>ined<span class=\"_ _2\"></span> by<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span>, us<span class=\"_ _2\"></span>ing <span class=\"_ _2\"></span>approp<span class=\"_ _2\"></span>ria<span class=\"_ _2\"></span>te mark<span class=\"_ _2\"></span>et<span class=\"_ _2\"></span> inform<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>tion <span class=\"_ _2\"></span>and v<span class=\"_ _2\"></span>alua<span class=\"_ _2\"></span>tion m<span class=\"_ _2\"></span>ethod<span class=\"_ _2\"></span>ologi<span class=\"_ _2\"></span>es.<span class=\"_ _2\"></span> Con<span class=\"_ _2\"></span>side<span class=\"_ _2\"></span>rable<span class=\"_ _2\"></span> judge<span class=\"_ _2\"></span>ment i<span class=\"_ _2\"></span>s re<span class=\"_ _2\"></span>qui<span class=\"_ _2\"></span>red <span class=\"_ _2\"></span>to develop these estim<span class=\"_ _2\"></span>ates of f<span class=\"_ _2\"></span>air v<span class=\"_ _2\"></span>alue, so the e<span class=\"_ _2\"></span>stimates p<span class=\"_ _2\"></span>ro<span class=\"ls30 ws50\">vided<span class=\"_ _2\"></span> h<span class=\"_ _2\"></span>ere are<span class=\"_ _2\"></span> not<span class=\"_ _2\"></span> nec<span class=\"_ _2\"></span>essari<span class=\"_ _2\"></span>ly i<span class=\"_ _2\"></span>ndica<span class=\"_ _2\"></span>tiv<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nts <span class=\"_ _2\"></span>that c<span class=\"_ _2\"></span>ould<span class=\"_ _2\"></span> be r<span class=\"_ _2\"></span>eali<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> in a c<span class=\"_ _2\"></span>ur<span class=\"_ _2\"></span>rent m<span class=\"_ _2\"></span>arke<span class=\"_ _2\"></span>t exc<span class=\"_ _2\"></span>hange<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></span>The c<span class=\"_ _2\"></span>arryi<span class=\"_ _2\"></span>ng am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> of ca<span class=\"_ _2\"></span>sh a<span class=\"_ _2\"></span>nd c<span class=\"_ _2\"></span>ash <span class=\"_ _2\"></span>equival<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s, re<span class=\"_ _2\"></span>ceiv<span class=\"_ _2\"></span>ables<span class=\"_ _2\"></span>, othe<span class=\"_ _2\"></span>r c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>nt a<span class=\"_ _2\"></span>ssets,<span class=\"_ _2\"></span> acc<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span><span class=\"ls1 ws0\">s <span class=\"_ _1\"></span><span class=\"ls30 ws50\">pay<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span> (excl<span class=\"_ _2\"></span>uding<span class=\"_ _2\"></span> wit<span class=\"_ _2\"></span>hhold<span class=\"_ _2\"></span>ing a<span class=\"_ _2\"></span>nd v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span>added tax<span class=\"_ _2\"></span> payab<span class=\"_ _2\"></span>les<span class=\"_ _2\"></span>), acc<span class=\"_ _2\"></span>rued<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>enses<span class=\"_ _2\"></span><span class=\"ls2f ws70\">, other<span class=\"_ _2\"></span> current li<span class=\"_ _2\"></span>abilities<span class=\"ls1 ws0\"> </span></span></span></span>and di<span class=\"_ _2\"></span>vide<span class=\"_ _2\"></span>nd pay<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> a re<span class=\"_ _2\"></span>aso<span class=\"_ _2\"></span>nable<span class=\"_ _2\"></span> estim<span class=\"_ _2\"></span>ate o<span class=\"_ _2\"></span>f the<span class=\"_ _2\"></span>ir <span class=\"_ _2\"></span>fair <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span>, ow<span class=\"_ _2\"></span>ing to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span>ir s<span class=\"_ _2\"></span>hort<span class=\"_ _2\"></span> matu<span class=\"_ _2\"></span>rity.<span class=\"_ _2\"></span> <span class=\"ws52\">Lo<span class=\"_ _2\"></span>ng<span class=\"ls1 ws0\">-</span></span>term lea<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span> are <span class=\"_ _2\"></span>exem<span class=\"_ _2\"></span>pt from<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>disclos<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span> of f<span class=\"_ _2\"></span>air v<span class=\"_ _2\"></span>alue m<span class=\"_ _2\"></span>eas<span class=\"_ _2\"></span>urem<span class=\"_ _2\"></span>ents s<span class=\"_ _2\"></span>o f<span class=\"_ _2\"></span>air v<span class=\"_ _2\"></span>alue eq<span class=\"_ _2\"></span>ual<span class=\"_ _2\"></span>s book<span class=\"_ _2\"></span> v<span class=\"_ _2\"></span>alue. Long<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">term debt i<span class=\"_ _2\"></span>n the table <span class=\"_ _2\"></span>above ex<span class=\"_ _2\"></span>cludes debt i<span class=\"_ _2\"></span>ssuance cos<span class=\"_ _2\"></span><span class=\"ls4a ws86\">ts of</span></span> <span class=\"ls31 ws51\">$17.7 million, as of both November 30, 2025</span> </span><span class=\"ff188 ws50\">and 2<span class=\"_ _2\"></span>024. T<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> estim<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue of <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span>\u2019s s<span class=\"_ _2\"></span>enior <span class=\"_ _2\"></span>unsec<span class=\"_ _2\"></span>ured<span class=\"_ _2\"></span> bond<span class=\"_ _2\"></span> issue<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>s bas<span class=\"_ _2\"></span>ed o<span class=\"_ _2\"></span>n </span>traded<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ues, w<span class=\"_ _2\"></span>hile<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> remai<span class=\"_ _2\"></span>ning <span class=\"_ _2\"></span>long<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">term debt is <span class=\"_ _2\"></span>based on i<span class=\"_ _2\"></span>nterest rates <span class=\"_ _2\"></span>as of No<span class=\"_ _2\"></span>vember 30, 2025<span class=\"_ _2\"></span> and 2024<span class=\"_ _2\"></span>, respectively<span class=\"_ _2\"></span>, using the di<span class=\"_ _2\"></span>scounted c<span class=\"_ _2\"></span>ash flow <span class=\"_ _2\"></span>meth<span class=\"_ _2\"></span>odology. The fai<span class=\"_ _2\"></span>r values of<span class=\"_ _2\"></span> </span></span>the G<span class=\"_ _2\"></span>roup\u2019<span class=\"_ _2\"></span>s fore<span class=\"_ _2\"></span>ign <span class=\"_ _2\"></span>excha<span class=\"_ _2\"></span>nge c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> base<span class=\"_ _2\"></span>d on<span class=\"_ _2\"></span> thei<span class=\"_ _2\"></span>r est<span class=\"_ _2\"></span>imate<span class=\"_ _2\"></span>d m<span class=\"_ _2\"></span>arket<span class=\"_ _2\"></span> value<span class=\"_ _2\"></span>s as<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> Novem<span class=\"_ _2\"></span>ber 3<span class=\"_ _2\"></span>0, 20<span class=\"_ _2\"></span>25 <span class=\"_ _2\"></span>and 20<span class=\"_ _2\"></span>24,<span class=\"_ _2\"></span> respe<span class=\"_ _2\"></span>ctiv<span class=\"_ _2\"></span><span class=\"ff184\">el<span class=\"_ _2\"></span>y. Mark<span class=\"_ _2\"></span>et <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span> of i<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>rest <span class=\"_ _2\"></span>rate<span class=\"ls1 ws0\">, </span><span class=\"ws52\">cross<span class=\"ls1 ws0\">-</span><span class=\"ws4f\">curre<span class=\"_ _2\"></span>ncy i<span class=\"_ _2\"></span>nteres<span class=\"_ _2\"></span>t rate sw<span class=\"_ _2\"></span>aps<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">a<span class=\"_ _2\"></span>nd </span></span></span></span></span>carbo<span class=\"_ _2\"></span>n emi<span class=\"_ _2\"></span>ssions<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>rward<span class=\"_ _2\"></span> con<span class=\"_ _2\"></span>tracts<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> w<span class=\"_ _1\"></span><span class=\"ls30 ws52\">ere<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">estima<span class=\"_ _2\"></span>ted based o<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">the amo<span class=\"_ _2\"></span>unt t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>Group w<span class=\"_ _2\"></span>ould<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>eive o<span class=\"_ _2\"></span>r p<span class=\"_ _2\"></span>ay to<span class=\"_ _2\"></span> term<span class=\"_ _2\"></span>inate<span class=\"_ _2\"></span> its<span class=\"_ _2\"></span> agr<span class=\"_ _2\"></span>eem<span class=\"_ _2\"></span>ents a<span class=\"_ _2\"></span>s of <span class=\"_ _2\"></span>Nove<span class=\"_ _2\"></span>mber<span class=\"_ _2\"></span> 30, 2<span class=\"_ _2\"></span>025 <span class=\"_ _2\"></span>and<span class=\"_ _2\"></span> 2024<span class=\"_ _2\"></span>.<span class=\"_ _195\"> </span></span></span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws52\"><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"><span class=\"ls1 ws0\">  </span></span></span></span></span>The e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ated v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span>\u2019s fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al a<span class=\"_ _2\"></span>ssets<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> marke<span class=\"_ _2\"></span>tab<span class=\"_ _2\"></span>le sec<span class=\"_ _2\"></span>urit<span class=\"_ _2\"></span>ies a<span class=\"_ _2\"></span>re b<span class=\"_ _2\"></span>ased o<span class=\"_ _2\"></span>n tr<span class=\"_ _2\"></span>ade<span class=\"_ _2\"></span>d value<span class=\"_ _2\"></span>. T<span class=\"_ _2\"></span>he esti<span class=\"_ _2\"></span>mate<span class=\"_ _2\"></span>d v<span class=\"_ _2\"></span>alue <span class=\"_ _2\"></span><span class=\"ff184\">of i<span class=\"_ _2\"></span>ts se<span class=\"_ _2\"></span>nio<span class=\"_ _2\"></span>r u<span class=\"_ _2\"></span>nsecure<span class=\"_ _2\"></span>d bond<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>issue<span class=\"_ _2\"></span>s is b<span class=\"_ _2\"></span>ased <span class=\"_ _2\"></span>on t<span class=\"_ _2\"></span>raded<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ues<span class=\"ls1 ws0\"> <span class=\"ls2f ws75\">(Level 1 </span></span></span>valua<span class=\"_ _2\"></span>tion m<span class=\"_ _2\"></span>ethod<span class=\"_ _2\"></span>), w<span class=\"_ _2\"></span>hile<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>valu<span class=\"_ _2\"></span>es o<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> rem<span class=\"_ _2\"></span>aining<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ng<span class=\"ls1 ws0\">-<span class=\"ls53 ws32\">term d<span class=\"_ _2\"></span>ebt </span></span><span class=\"ws52\">are<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>based o<span class=\"_ _2\"></span>n in<span class=\"_ _2\"></span>terest<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span><span class=\"ls2f ws70\">s a<span class=\"_ _2\"></span>s of Novembe<span class=\"_ _2\"></span>r 30, 2025<span class=\"_ _2\"></span> and 2024<span class=\"_ _2\"></span>, respectively,<span class=\"_ _2\"></span> using the di<span class=\"_ _2\"></span>scounted cash fl<span class=\"_ _2\"></span>ow method<span class=\"_ _2\"></span>ology (Level 2 </span>valua<span class=\"_ _2\"></span>tion m<span class=\"_ _2\"></span>ethod<span class=\"_ _2\"></span>). T<span class=\"_ _2\"></span>he f<span class=\"_ _2\"></span>air <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span>s of t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span>\u2019s f<span class=\"_ _2\"></span>oreig<span class=\"_ _2\"></span>n exc<span class=\"_ _2\"></span>hang<span class=\"_ _2\"></span>e and<span class=\"_ _2\"></span> bunke<span class=\"_ _2\"></span>r c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>acts <span class=\"_ _2\"></span>are b<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span>d on t<span class=\"_ _2\"></span>heir e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> ma<span class=\"_ _2\"></span>r<span class=\"ff184 ls2f ws70\">ket v<span class=\"_ _2\"></span>alues as<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">of November 30, 2025 and </span></span></span><span class=\"ff184\">2024<span class=\"_ _2\"></span>. Mark<span class=\"_ _2\"></span>et <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span> of i<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>rest <span class=\"_ _2\"></span>rate<span class=\"ls1 ws0\"> </span><span class=\"ws52\">and<span class=\"_ _2\"></span> </span></span>cross<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>ncy i<span class=\"_ _2\"></span>nteres<span class=\"_ _2\"></span>t ra<span class=\"_ _2\"></span>te s<span class=\"_ _2\"></span>waps a<span class=\"_ _2\"></span>re e<span class=\"_ _2\"></span>stim<span class=\"_ _2\"></span>ated b<span class=\"_ _2\"></span>ased<span class=\"_ _2\"></span> on<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">t<span class=\"_ _2\"></span>he<span class=\"ls1 ws0\"> </span><span class=\"ws50\">amoun<span class=\"_ _2\"></span>t the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up woul<span class=\"_ _2\"></span>d rec<span class=\"_ _2\"></span>eive<span class=\"_ _2\"></span> or p<span class=\"_ _2\"></span>ay <span class=\"_ _2\"></span>to te<span class=\"_ _2\"></span>rmin<span class=\"_ _2\"></span>ate i<span class=\"_ _2\"></span>ts <span class=\"_ _2\"></span>agreem<span class=\"_ _2\"></span>ents <span class=\"_ _2\"></span>as of<span class=\"_ _2\"></span> Nove<span class=\"_ _2\"></span>mbe<span class=\"_ _2\"></span>r 30<span class=\"_ _2\"></span>, 2025<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> 20<span class=\"_ _2\"></span>24.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-630": {
   "value": "Financial Liabilities<span class=\"ls1 ws0\"> </span>Financial liabilities at<span class=\"_ _2\"></span> amortised cost<span class=\"_ _2\"></span><span class=\"ff17f ls1 ws0\"> </span>Accounts payables, excluding withholding and value<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls28\">adde<span class=\"_ _2\"></span>d ta<span class=\"_ _2\"></span>xes</span></span><span class=\"ls1 ws0\"><span class=\"ls28\"><span class=\"ls1\"> </span></span></span>117,080<span class=\"ls1 ws0\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span>117,080<span class=\"ls1 ws0\"> </span>117,080<span class=\"ls1 ws0\"> </span>88,320<span class=\"ls1 ws0\"> </span>\u2013<span class=\"ff17f\"> </span>88,320<span class=\"ls1 ws0\"> </span>88,320<span class=\"ls1 ws0\"> </span>Accrued expenses a<span class=\"_ _1\"></span>nd accrued voyage expenses<span class=\"_ _1\"></span><span class=\"ls29 ws42\">, ex<span class=\"_ _2\"></span>cluding co<span class=\"_ _2\"></span>ntract<span class=\"_ _2\"></span> liabilities a<span class=\"_ _2\"></span>nd </span>deferred rev<span class=\"_ _1\"></span>enue<span class=\"ls1 ws0\"> </span>282,144<span class=\"ls1 ws0\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span>282,144<span class=\"ls1 ws0\"> </span>282,144<span class=\"ls1 ws0\"> </span>291,209<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>\u2013<span class=\"ff17f\"> </span>291,209<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>291,209<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>Dividend paya<span class=\"_ _2\"></span>ble<span class=\"ls1 ws0\"> </span>53,177<span class=\"ls1 ws0\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span>53,177<span class=\"ls1 ws0\"> </span>53,177<span class=\"ls1 ws0\"> </span>66,972<span class=\"ls1 ws0\"> </span>\u2013<span class=\"ff17f\"> </span>66,972<span class=\"ls1 ws0\"> </span>66,972<span class=\"ls1 ws0\"> </span>Long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease<span class=\"_ _2\"></span> obligations,<span class=\"_ _2\"></span> includin<span class=\"_ _2\"></span>g curre<span class=\"_ _2\"></span>nt maturit<span class=\"_ _2\"></span>ies</span></span><span class=\"ls1 ws0\"> </span>75,032<span class=\"ls1 ws0\"> </span>327,156<span class=\"ls1 ws0\"> </span>402,<span class=\"_ _2\"></span>188<span class=\"ls1 ws0\"> </span>402,<span class=\"_ _2\"></span>188<span class=\"ls1 ws0\"> </span>58,581<span class=\"ls1 ws0\"> </span>285,430<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>344,011<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>344,011<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Short<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2e ws4c\">ter<span class=\"_ _2\"></span>m loans and l<span class=\"ls24 ws3b\">ong<span class=\"ls1 ws0\">-<span class=\"ls23 ws4b\">term<span class=\"_ _1\"></span> debt, includi<span class=\"_ _1\"></span>ng current maturi<span class=\"_ _1\"></span>ties<span class=\"ls1 ws0\"> <span class=\"ls2e ws5c\">and <span class=\"_ _1\"></span><span class=\"ls28 wsc0\">ex<span class=\"_ _2\"></span>cluding de<span class=\"_ _2\"></span>bt<span class=\"_ _195\"> </span></span></span></span></span></span></span></span></span>issuance costs<span class=\"_ _195\"> </span>361,550<span class=\"ls1 ws0\"> </span>1,855,520<span class=\"ls1 ws0\"> </span>2,21<span class=\"_ _2\"></span>7,070<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>2,32<span class=\"_ _2\"></span>6,668<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>200,446<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>1,<span class=\"_ _2\"></span>660,0<span class=\"_ _2\"></span>51<span class=\"ls1 ws0\"> </span>1,860,497<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>1,979,333<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Other cur<span class=\"_ _2\"></span>rent liabilit<span class=\"_ _2\"></span>ies<span class=\"ls1 ws0\"> </span>42,918<span class=\"ls1 ws0\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span>42,918<span class=\"ls1 ws0\"> </span>42,918<span class=\"ls1 ws0\"> </span>56,031<span class=\"ls1 ws0\"> </span>\u2013<span class=\"ff17f\"> </span>56,031<span class=\"ls1 ws0\"> </span>56,031<span class=\"ls1 ws0\"> </span>931,901<span class=\"_ _195\"> </span>2,182,676<span class=\"_ _195\"> </span>3,11<span class=\"_ _2\"></span>4,577<span class=\"_ _195\"> </span>3,22<span class=\"_ _2\"></span>4,175<span class=\"_ _195\"> </span>761,559<span class=\"_ _195\"> </span>1,<span class=\"_ _2\"></span>945,4<span class=\"_ _2\"></span>81<span class=\"_ _195\"> </span>2,707,040<span class=\"_ _195\"> </span>2,825,876<span class=\"_ _195\"> </span>Matu<span class=\"_ _2\"></span>rity of f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial <span class=\"ls6d wsa9\">liabilit<span class=\"_ _1\"></span>ies<span class=\"ls1 ws0\">  </span></span><table class=\"s w17b h157\" id=\"_21c836a0-bbb1-4911-90c3-b06bf8ee7312\"><tr><td class=\"c x246 y2e61 w1a3 h158\"><div class=\"t m0 x245 h85 y2c8b ff193 fs3b fc2 sc0 ls65 ws9b\">For the yea<span class=\"_ _2\"></span>r ended <span class=\"_ _2\"></span>November 3<span class=\"_ _2\"></span>0, 20<span class=\"_ _195\"> </span></div><div class=\"t m0 x393 h85 y2e60 ff193 fs3b fc2 sc0 ls1b ws2f\">25<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x394 h85 y2e62 ff193 fs3b fc2 sc0 ls87 wsdc\">Less<span class=\"ls1 ws0\"> than<span class=\"_ _195\"> </span></span></td><td></td><td></td><td class=\"t m0 x38e h85 y2e62 ff193 fs3b fc2 sc0 ls65 ws99\">More<span class=\"ls1 ws0\"> than<span class=\"_ _195\"> </span></span></td><td></td></tr><tr><td class=\"c x24b y2e63 wd7 hb6\"><div class=\"t m0 x0 h85 y1c8e ff193 fs3b fc2 sc0 ls1 ws0\">(<span class=\"ls65 ws99\"></span><span class=\"ls65 ws99\">in</span> US $ thousands) </div></td><td class=\"c x29e y2e63 w54 hb6\"><div class=\"t m0 x15 h85 y1c8c ff193 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x1be h85 y1c8e ff193 fs3b fc2 sc0 ls1 ws0\">1 <span class=\"ls19 ws2d\">yr</span> </div></td><td class=\"c x29f y2e63 w34 hb6\"><div class=\"t m0 x185 h85 y1c8b ff193 fs3b fc2 sc0 ls1 ws0\">2-3 <span class=\"ls7c wsc3\">yrs</span> </div></td><td class=\"c x2fb y2e63 w20 hb6\"><div class=\"t m0 x185 h85 y1c8b ff193 fs3b fc2 sc0 ls1 ws0\">4-5 <span class=\"ls7c wsc3\">yrs</span> </div></td><td class=\"c x2a1 y2e63 w20 hb6\"><div class=\"t m0 x15 h85 y1c8c ff193 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x177 h85 y1c8e ff193 fs3b fc2 sc0 ls1 ws0\">5 <span class=\"ls7c wsc3\">yrs</span> </div></td><td class=\"c x2fa y2e63 w55 hb6\"><div class=\"t m0 x177 h85 y1c8b ff193 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2e64 wd7 h86\"><div class=\"t m0 x0 h87 y1c4c ff193 fs3a fc2 sc0 ls2c ws5a\">Contractual obligations<span class=\"_ _1\"></span>:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e65 wd7 h86\"><div class=\"t m0 x0 h88 y1bef ff194 fs3a fc2 sc0 ls24 ws3a\">Accounts payable, excluding withholding and value<span class=\"ls1 ws0\">-<span class=\"ls28\">added<span class=\"_ _2\"></span> taxe<span class=\"_ _2\"></span>s</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e65 w54 h86\"><div class=\"t m0 x180 h87 y1bef ff193 fs3a fc2 sc0 ls21 ws35\">117,<span class=\"_ _2\"></span>080<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e65 w34 h86\"><div class=\"t m0 x2d h87 y1bef ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fb y2e65 w20 h86\"><div class=\"t m0 x2d h87 y1bef ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2a1 y2e65 w20 h86\"><div class=\"t m0 x2d h87 y1bef ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e65 w55 h86\"><div class=\"t m0 x180 h87 y1bef ff193 fs3a fc2 sc0 ls21 ws35\">117,<span class=\"_ _2\"></span>080<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e66 wd7 h8a\"><div class=\"t m0 x0 h88 y1bff ff194 fs3a fc2 sc0 ls28 ws0\">Accr<span class=\"_ _2\"></span>ued e<span class=\"_ _2\"></span>xpens<span class=\"_ _2\"></span>es and di<span class=\"_ _2\"></span>viden<span class=\"_ _2\"></span>d pay<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span><span class=\"ls29 ws42\">, excluding<span class=\"_ _2\"></span> contr<span class=\"_ _2\"></span>act liabilities</span><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span><span class=\"ls1\">  </span></div></td><td class=\"c x29e y2e66 w54 h8a\"><div class=\"t m0 x180 h87 y1bff ff193 fs3a fc2 sc0 ls21 ws35\">361,<span class=\"_ _2\"></span>461<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e66 w34 h8a\"><div class=\"t m0 x2d h87 y1bff ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fb y2e66 w20 h8a\"><div class=\"t m0 x2d h87 y1bff ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2a1 y2e66 w20 h8a\"><div class=\"t m0 x2d h87 y1bff ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e66 w55 h8a\"><div class=\"t m0 x180 h87 y1bff ff193 fs3a fc2 sc0 ls21 ws35\">361,<span class=\"_ _2\"></span>461<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e67 wd7 h86\"><div class=\"t m0 x0 h88 y1bfa ff194 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease<span class=\"_ _2\"></span> liabilities,<span class=\"_ _2\"></span> includ<span class=\"_ _2\"></span>ing curr<span class=\"_ _2\"></span>ent maturit<span class=\"_ _2\"></span>ies</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e67 w54 h86\"><div class=\"t m0 x179 h87 y1bfa ff193 fs3a fc2 sc0 ls23 ws39\">75,032<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e67 w34 h86\"><div class=\"t m0 x180 h87 y1bfa ff193 fs3a fc2 sc0 ls21 ws35\">105,<span class=\"_ _2\"></span>225<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e67 w20 h86\"><div class=\"t m0 x179 h87 y1bfa ff193 fs3a fc2 sc0 ls23 ws39\">62,792<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e67 w20 h86\"><div class=\"t m0 x180 h87 y1bfa ff193 fs3a fc2 sc0 ls21 ws35\">159,<span class=\"_ _2\"></span>139<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e67 w55 h86\"><div class=\"t m0 x180 h87 y1bfa ff193 fs3a fc2 sc0 ls21 ws35\">402,<span class=\"_ _2\"></span>188<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e68 wd7 h86\"><div class=\"t m0 x0 h88 y1bf8 ff194 fs3a fc2 sc0 ls24 ws3a\">Interest on long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease l<span class=\"_ _2\"></span>iabilities</span></span><span class=\"ls1 ws0\"><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span> </span></div></td><td class=\"c x29e y2e68 w54 h86\"><div class=\"t m0 x179 h87 y1bf8 ff193 fs3a fc2 sc0 ls23 ws39\">20,426<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e68 w34 h86\"><div class=\"t m0 x179 h87 y1bf8 ff193 fs3a fc2 sc0 ls23 ws39\">29,249<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e68 w20 h86\"><div class=\"t m0 x179 h87 y1bf8 ff193 fs3a fc2 sc0 ls23 ws39\">19,878<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e68 w20 h86\"><div class=\"t m0 x179 h87 y1bf8 ff193 fs3a fc2 sc0 ls27 ws3f\">73<span class=\"ls23 ws39\">,524</span><span class=\"ls23 ws39\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2fa y2e68 w55 h86\"><div class=\"t m0 x180 h87 y1bf8 ff193 fs3a fc2 sc0 ls21 ws35\">143,<span class=\"_ _2\"></span>077<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e69 wd7 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff194 fs3a fc2 sc0 ls22 ws3e\">Short<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls24 ws3a\">term bank loans</span></span><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x29e y2e69 w54 h8a\"><div class=\"t m0 x179 h87 y1bf6 ff193 fs3a fc2 sc0 ls23 ws39\">65,000<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e69 w34 h8a\"><div class=\"t m0 x2d h87 y1bf6 ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fb y2e69 w20 h8a\"><div class=\"t m0 x2d h87 y1bf6 ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2a1 y2e69 w20 h8a\"><div class=\"t m0 x2d h87 y1bf6 ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e69 w55 h8a\"><div class=\"t m0 x179 h87 y1bf6 ff193 fs3a fc2 sc0 ls23 ws39\">65,000<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6a wd7 h8b\"><div class=\"t m0 x0 h88 y1c05 ff194 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls2a ws5a\">term de<span class=\"_ _2\"></span>bt<span class=\"_ _2\"></span></span>, <span class=\"_ _3\"></span><span class=\"ls24 ws3a\">including<span class=\"_ _2\"></span> current maturities</span></span><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x29e y2e6a w54 h8b\"><div class=\"t m0 x180 h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">296,<span class=\"_ _2\"></span>550<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6a w34 h8b\"><div class=\"t m0 x180 h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">652,<span class=\"_ _2\"></span>276<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e6a w20 h8b\"><div class=\"t m0 x180 h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">564,<span class=\"_ _2\"></span>356<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e6a w20 h8b\"><div class=\"t m0 x180 h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">638,<span class=\"_ _2\"></span>888<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e6a w55 h8b\"><div class=\"t m0 x17a h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">2,15<span class=\"_ _2\"></span>2,070<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6b wd7 h86\"><div class=\"t m0 x0 h88 y1bde ff194 fs3a fc2 sc0 ls24 ws3a\">Interest on long<span class=\"ls1 ws0\">-<span class=\"ls26 ws3d\">term deb<span class=\"_ _1\"></span>t</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x29e y2e6b w54 h86\"><div class=\"t m0 x180 h87 y1bde ff193 fs3a fc2 sc0 ls21 ws35\">110,<span class=\"_ _2\"></span>090<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6b w34 h86\"><div class=\"t m0 x180 h87 y1bde ff193 fs3a fc2 sc0 ls21 ws35\">182,<span class=\"_ _2\"></span>387<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e6b w20 h86\"><div class=\"t m0 x180 h87 y1bde ff193 fs3a fc2 sc0 ls21 ws35\">118,<span class=\"_ _2\"></span>276<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e6b w20 h86\"><div class=\"t m0 x179 h87 y1bde ff193 fs3a fc2 sc0 ls23 ws39\">96,926<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e6b w55 h86\"><div class=\"t m0 x180 h87 y1bde ff193 fs3a fc2 sc0 ls21 ws35\">507,<span class=\"_ _2\"></span>679<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6c wd7 h8a\"><div class=\"t m0 x0 h88 y1be0 ff194 fs3a fc2 sc0 ls29 ws42\">Derivative f<span class=\"_ _2\"></span>inancial lia<span class=\"_ _2\"></span>bilities<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e6c w54 h8a\"><div class=\"t m0 x185 h87 y1be0 ff193 fs3a fc2 sc0 ls21 ws35\">4,70<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6c w34 h8a\"><div class=\"t m0 x185 h87 y1be0 ff193 fs3a fc2 sc0 ls21 ws35\">7,04<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e6c w20 h8a\"><div class=\"t m0 x185 h87 y1be0 ff193 fs3a fc2 sc0 ls21 ws35\">6,98<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e6c w20 h8a\"><div class=\"t m0 x2d h87 y1be0 ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e6c w55 h8a\"><div class=\"t m0 x179 h87 y1be0 ff193 fs3a fc2 sc0 ls23 ws39\">18,730<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6d wd7 h86\"><div class=\"t m0 x0 h88 y1bde ff194 fs3a fc2 sc0 ls24 ws3a\">Other current<span class=\"ls1 ws0\"> <span class=\"ls29 ws44\">liabilities</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e6d w54 h86\"><div class=\"t m0 x179 h87 y1bde ff193 fs3a fc2 sc0 ls23 ws39\">42,918<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6d w34 h86\"><div class=\"t m0 x2d h87 y1bde ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fb y2e6d w20 h86\"><div class=\"t m0 x2d h87 y1bde ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2a1 y2e6d w20 h86\"><div class=\"t m0 x2d h87 y1bde ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e6d w55 h86\"><div class=\"t m0 x179 h87 y1bde ff193 fs3a fc2 sc0 ls23 ws39\">42,918<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6e wd7 h86\"><div class=\"t m0 x0 h87 y1be4 ff193 fs3a fc2 sc0 ls25 ws4d\">Total contractual obligations<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e6e w54 h86\"><div class=\"t m0 x17a h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">1,09<span class=\"_ _2\"></span>3,258<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6e w34 h86\"><div class=\"t m0 x180 h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">976,<span class=\"_ _2\"></span>182<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e6e w20 h86\"><div class=\"t m0 x180 h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">772,<span class=\"_ _2\"></span>286<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e6e w20 h86\"><div class=\"t m0 x180 h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">968,<span class=\"_ _2\"></span>477<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e6e w55 h86\"><div class=\"t m0 x17a h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">3,81<span class=\"_ _2\"></span>0,203<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table><table class=\"s w17b h159\" id=\"_7e447562-4eb7-427c-92a7-a51fc0881bd2\"><tr><td class=\"c x246 y2e6f w1a4 h115\"><div class=\"t m0 x245 h82 y29a6 ff194 fs3b fc2 sc0 ls1 ws32\">For the year<span class=\"_ _195\"> </span></div><div class=\"t m0 x395 h82 y29a6 ff194 fs3b fc2 sc0 ls1 ws0\">ended November <span class=\"ls69 wsa2\">30, 2024<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x394 h82 y2e70 ff194 fs3b fc2 sc0 ls7c wsc3\">Less<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">than<span class=\"_ _195\"> </span></span></span></td><td></td><td></td><td class=\"t m0 x38e h82 y2e70 ff194 fs3b fc2 sc0 ls65 ws99\">More<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">tha<span class=\"_ _2\"></span>n<span class=\"_ _195\"> </span></span></span></td><td></td></tr><tr><td class=\"c x24b y2e71 wd7 hc6\"><div class=\"t m0 x0 h82 y1c51 ff194 fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"c x29e y2e71 w54 hc6\"><div class=\"t m0 x15 h82 y2486 ff194 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x19f h82 y1d6f ff194 fs3b fc2 sc0 ls1 ws0\">1 <span class=\"ls69 wsbc\">yr</span> </div></td><td class=\"c x29f y2e71 w34 hc6\"><div class=\"t m0 x184 h82 y22db ff194 fs3b fc2 sc0 ls1 ws0\">2-3 <span class=\"ls69 wsbc\">yrs</span> </div></td><td class=\"c x2fb y2e71 w20 hc6\"><div class=\"t m0 x184 h82 y22db ff194 fs3b fc2 sc0 ls1 ws0\">4-5 <span class=\"ls69 wsbc\">yrs</span> </div></td><td class=\"c x2a1 y2e71 w20 hc6\"><div class=\"t m0 x15 h82 y2486 ff194 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x1a0 h82 y1d6f ff194 fs3b fc2 sc0 ls1 ws0\">5 <span class=\"ls69 wsbc\">yrs</span> </div></td><td class=\"c x2fa y2e71 w55 hc6\"><div class=\"t m0 x177 h82 y22db ff194 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2e72 wd7 h8a\"><div class=\"t m0 x0 h87 y1bf6 ff193 fs3a fc2 sc0 ls2c ws5a\">Contractual obligations<span class=\"_ _1\"></span>:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e73 wd7 h86\"><div class=\"t m0 x0 h88 y1bf8 ff194 fs3a fc2 sc0 ls24 ws3a\">Accounts payable, excluding withholding and value<span class=\"ls1 ws0\">-<span class=\"ls28\">added<span class=\"_ _2\"></span> taxe<span class=\"_ _2\"></span>s</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e73 w54 h86\"><div class=\"t m0 x183 h88 y1bf8 ff194 fs3a fc2 sc0 ls20 ws36\">88,320<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e73 w34 h86\"><div class=\"t m0 x2d h88 y1bf8 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fb y2e73 w20 h86\"><div class=\"t m0 x2d h88 y1bf8 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2a1 y2e73 w20 h86\"><div class=\"t m0 x2d h88 y1bf8 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fa y2e73 w55 h86\"><div class=\"t m0 x183 h88 y1bf8 ff194 fs3a fc2 sc0 ls20 ws36\">88,320<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e74 wd7 h86\"><div class=\"t m0 x0 h88 y1bde ff194 fs3a fc2 sc0 ls28 ws0\">Accr<span class=\"_ _2\"></span>ued e<span class=\"_ _2\"></span>xpens<span class=\"_ _2\"></span>es and di<span class=\"_ _2\"></span>viden<span class=\"_ _2\"></span>d pay<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span><span class=\"ls29 ws42\">, excluding<span class=\"_ _2\"></span> contr<span class=\"_ _2\"></span>act liabilities</span><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span><span class=\"ls1\">  </span></div></td><td class=\"c x29e y2e74 w54 h86\"><div class=\"t m0 x181 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">379,749<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e74 w34 h86\"><div class=\"t m0 x2d h88 y1bde ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fb y2e74 w20 h86\"><div class=\"t m0 x2d h88 y1bde ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2a1 y2e74 w20 h86\"><div class=\"t m0 x2d h88 y1bde ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fa y2e74 w55 h86\"><div class=\"t m0 x181 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">379,749<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e75 wd7 ha4\"><div class=\"t m0 x0 h88 y1be0 ff194 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease<span class=\"_ _2\"></span> liabilities,<span class=\"_ _2\"></span> includ<span class=\"_ _2\"></span>ing curr<span class=\"_ _2\"></span>ent maturit<span class=\"_ _2\"></span>ies</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e75 w54 ha4\"><div class=\"t m0 x183 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">58,581<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e75 w34 ha4\"><div class=\"t m0 x183 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">83,169<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e75 w20 ha4\"><div class=\"t m0 x183 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">51,368<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e75 w20 ha4\"><div class=\"t m0 x181 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">150,893<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e75 w55 ha4\"><div class=\"t m0 x181 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">344,011<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e76 wd7 h86\"><div class=\"t m0 x0 h88 y1bde ff194 fs3a fc2 sc0 ls24 ws3a\">Interest on long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease l<span class=\"_ _2\"></span>iabilities</span></span><span class=\"ls1 ws0\"><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span> </span></div></td><td class=\"c x29e y2e76 w54 h86\"><div class=\"t m0 x183 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">17,267<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e76 w34 h86\"><div class=\"t m0 x183 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">26,459<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e76 w20 h86\"><div class=\"t m0 x183 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">18,551<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e76 w20 h86\"><div class=\"t m0 x183 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">73,010<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e76 w55 h86\"><div class=\"t m0 x181 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">135,287<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e77 wd7 h86\"><div class=\"t m0 x0 h88 y1c05 ff194 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls24 ws3a\">term debt, including current<span class=\"_ _2\"></span> maturities</span></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span> </span></div></td><td class=\"c x29e y2e77 w54 h86\"><div class=\"t m0 x181 h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">200,446<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e77 w34 h86\"><div class=\"t m0 x181 h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">506,426<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e77 w20 h86\"><div class=\"t m0 x181 h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">605,365<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e77 w20 h86\"><div class=\"t m0 x181 h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">548,260<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e77 w55 h86\"><div class=\"t m0 x17b h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">1,860,497<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e78 wd7 h8a\"><div class=\"t m0 x0 h88 y1be6 ff194 fs3a fc2 sc0 ls24 ws3a\">Interest on long<span class=\"ls1 ws0\">-<span class=\"ls26 ws3d\">term deb<span class=\"_ _1\"></span>t</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x29e y2e78 w54 h8a\"><div class=\"t m0 x181 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">103,040<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e78 w34 h8a\"><div class=\"t m0 x181 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">170,949<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e78 w20 h8a\"><div class=\"t m0 x181 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">114,561<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e78 w20 h8a\"><div class=\"t m0 x183 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">93,865<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e78 w55 h8a\"><div class=\"t m0 x181 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">482,415<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e79 wd7 h86\"><div class=\"t m0 x0 h88 y1be4 ff194 fs3a fc2 sc0 ls29 ws42\">Derivative f<span class=\"_ _2\"></span>inancial lia<span class=\"_ _2\"></span>bilities<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e79 w54 h86\"><div class=\"t m0 x184 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">1,616<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e79 w34 h86\"><div class=\"t m0 x184 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">6,688<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e79 w20 h86\"><div class=\"t m0 x184 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">5,489<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e79 w20 h86\"><div class=\"t m0 x1a0 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">447<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e79 w55 h86\"><div class=\"t m0 x183 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">14,240<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e7a wd7 h86\"><div class=\"t m0 x0 h88 y1be2 ff194 fs3a fc2 sc0 ls24 ws3a\">Other current<span class=\"ls1 ws0\"> <span class=\"ls29 ws44\">liabilities</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e7a w54 h86\"><div class=\"t m0 x183 h88 y1be2 ff194 fs3a fc2 sc0 ls20 ws36\">56,031<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e7a w34 h86\"><div class=\"t m0 x2d h88 y1be2 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fb y2e7a w20 h86\"><div class=\"t m0 x2d h88 y1be2 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2a1 y2e7a w20 h86\"><div class=\"t m0 x2d h88 y1be2 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fa y2e7a w55 h86\"><div class=\"t m0 x183 h88 y1be2 ff194 fs3a fc2 sc0 ls20 ws36\">56,031<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e7b wd7 h8a\"><div class=\"t m0 x0 h87 y1c79 ff193 fs3a fc2 sc0 ls25 ws4d\">Total contractual obligations<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e7b w54 h8a\"><div class=\"t m0 x181 h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">905,050<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e7b w34 h8a\"><div class=\"t m0 x181 h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">793,691<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e7b w20 h8a\"><div class=\"t m0 x181 h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">795,334<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e7b w20 h8a\"><div class=\"t m0 x181 h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">866,475<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e7b w55 h8a\"><div class=\"t m0 x17b h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">3,360,550<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-640": {
   "value": "Financial Liabilities<span class=\"ls1 ws0\"> </span>Financial liabilities at<span class=\"_ _2\"></span> amortised cost<span class=\"_ _2\"></span><span class=\"ff17f ls1 ws0\"> </span>Accounts payables, excluding withholding and value<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls28\">adde<span class=\"_ _2\"></span>d ta<span class=\"_ _2\"></span>xes</span></span><span class=\"ls1 ws0\"><span class=\"ls28\"><span class=\"ls1\"> </span></span></span>117,080<span class=\"ls1 ws0\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span>117,080<span class=\"ls1 ws0\"> </span>117,080<span class=\"ls1 ws0\"> </span>88,320<span class=\"ls1 ws0\"> </span>\u2013<span class=\"ff17f\"> </span>88,320<span class=\"ls1 ws0\"> </span>88,320<span class=\"ls1 ws0\"> </span>Accrued expenses a<span class=\"_ _1\"></span>nd accrued voyage expenses<span class=\"_ _1\"></span><span class=\"ls29 ws42\">, ex<span class=\"_ _2\"></span>cluding co<span class=\"_ _2\"></span>ntract<span class=\"_ _2\"></span> liabilities a<span class=\"_ _2\"></span>nd </span>deferred rev<span class=\"_ _1\"></span>enue<span class=\"ls1 ws0\"> </span>282,144<span class=\"ls1 ws0\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span>282,144<span class=\"ls1 ws0\"> </span>282,144<span class=\"ls1 ws0\"> </span>291,209<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>\u2013<span class=\"ff17f\"> </span>291,209<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>291,209<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>Dividend paya<span class=\"_ _2\"></span>ble<span class=\"ls1 ws0\"> </span>53,177<span class=\"ls1 ws0\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span>53,177<span class=\"ls1 ws0\"> </span>53,177<span class=\"ls1 ws0\"> </span>66,972<span class=\"ls1 ws0\"> </span>\u2013<span class=\"ff17f\"> </span>66,972<span class=\"ls1 ws0\"> </span>66,972<span class=\"ls1 ws0\"> </span>Long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease<span class=\"_ _2\"></span> obligations,<span class=\"_ _2\"></span> includin<span class=\"_ _2\"></span>g curre<span class=\"_ _2\"></span>nt maturit<span class=\"_ _2\"></span>ies</span></span><span class=\"ls1 ws0\"> </span>75,032<span class=\"ls1 ws0\"> </span>327,156<span class=\"ls1 ws0\"> </span>402,<span class=\"_ _2\"></span>188<span class=\"ls1 ws0\"> </span>402,<span class=\"_ _2\"></span>188<span class=\"ls1 ws0\"> </span>58,581<span class=\"ls1 ws0\"> </span>285,430<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>344,011<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>344,011<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Short<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2e ws4c\">ter<span class=\"_ _2\"></span>m loans and l<span class=\"ls24 ws3b\">ong<span class=\"ls1 ws0\">-<span class=\"ls23 ws4b\">term<span class=\"_ _1\"></span> debt, includi<span class=\"_ _1\"></span>ng current maturi<span class=\"_ _1\"></span>ties<span class=\"ls1 ws0\"> <span class=\"ls2e ws5c\">and <span class=\"_ _1\"></span><span class=\"ls28 wsc0\">ex<span class=\"_ _2\"></span>cluding de<span class=\"_ _2\"></span>bt<span class=\"_ _195\"> </span></span></span></span></span></span></span></span></span>issuance costs<span class=\"_ _195\"> </span>361,550<span class=\"ls1 ws0\"> </span>1,855,520<span class=\"ls1 ws0\"> </span>2,21<span class=\"_ _2\"></span>7,070<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>2,32<span class=\"_ _2\"></span>6,668<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>200,446<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>1,<span class=\"_ _2\"></span>660,0<span class=\"_ _2\"></span>51<span class=\"ls1 ws0\"> </span>1,860,497<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>1,979,333<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Other cur<span class=\"_ _2\"></span>rent liabilit<span class=\"_ _2\"></span>ies<span class=\"ls1 ws0\"> </span>42,918<span class=\"ls1 ws0\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span>42,918<span class=\"ls1 ws0\"> </span>42,918<span class=\"ls1 ws0\"> </span>56,031<span class=\"ls1 ws0\"> </span>\u2013<span class=\"ff17f\"> </span>56,031<span class=\"ls1 ws0\"> </span>56,031<span class=\"ls1 ws0\"> </span>931,901<span class=\"_ _195\"> </span>2,182,676<span class=\"_ _195\"> </span>3,11<span class=\"_ _2\"></span>4,577<span class=\"_ _195\"> </span>3,22<span class=\"_ _2\"></span>4,175<span class=\"_ _195\"> </span>761,559<span class=\"_ _195\"> </span>1,<span class=\"_ _2\"></span>945,4<span class=\"_ _2\"></span>81<span class=\"_ _195\"> </span>2,707,040<span class=\"_ _195\"> </span>2,825,876<span class=\"_ _195\"> </span>The c<span class=\"_ _2\"></span>arryi<span class=\"_ _2\"></span>ng am<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span> of ca<span class=\"_ _2\"></span>sh a<span class=\"_ _2\"></span>nd c<span class=\"_ _2\"></span>ash <span class=\"_ _2\"></span>equival<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s, re<span class=\"_ _2\"></span>ceiv<span class=\"_ _2\"></span>ables<span class=\"_ _2\"></span>, othe<span class=\"_ _2\"></span>r c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>nt a<span class=\"_ _2\"></span>ssets,<span class=\"_ _2\"></span> acc<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span><span class=\"ls1 ws0\">s <span class=\"_ _1\"></span><span class=\"ls30 ws50\">pay<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span> (excl<span class=\"_ _2\"></span>uding<span class=\"_ _2\"></span> wit<span class=\"_ _2\"></span>hhold<span class=\"_ _2\"></span>ing a<span class=\"_ _2\"></span>nd v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span>added tax<span class=\"_ _2\"></span> payab<span class=\"_ _2\"></span>les<span class=\"_ _2\"></span>), acc<span class=\"_ _2\"></span>rued<span class=\"_ _2\"></span> exp<span class=\"_ _2\"></span>enses<span class=\"_ _2\"></span><span class=\"ls2f ws70\">, other<span class=\"_ _2\"></span> current li<span class=\"_ _2\"></span>abilities<span class=\"ls1 ws0\"> </span></span></span></span>and di<span class=\"_ _2\"></span>vide<span class=\"_ _2\"></span>nd pay<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> a re<span class=\"_ _2\"></span>aso<span class=\"_ _2\"></span>nable<span class=\"_ _2\"></span> estim<span class=\"_ _2\"></span>ate o<span class=\"_ _2\"></span>f the<span class=\"_ _2\"></span>ir <span class=\"_ _2\"></span>fair <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span>, ow<span class=\"_ _2\"></span>ing to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span>ir s<span class=\"_ _2\"></span>hort<span class=\"_ _2\"></span> matu<span class=\"_ _2\"></span>rity.<span class=\"_ _2\"></span> <span class=\"ws52\">Lo<span class=\"_ _2\"></span>ng<span class=\"ls1 ws0\">-</span></span>term lea<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span> are <span class=\"_ _2\"></span>exem<span class=\"_ _2\"></span>pt from<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>disclos<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span> of f<span class=\"_ _2\"></span>air v<span class=\"_ _2\"></span>alue m<span class=\"_ _2\"></span>eas<span class=\"_ _2\"></span>urem<span class=\"_ _2\"></span>ents s<span class=\"_ _2\"></span>o f<span class=\"_ _2\"></span>air v<span class=\"_ _2\"></span>alue eq<span class=\"_ _2\"></span>ual<span class=\"_ _2\"></span>s book<span class=\"_ _2\"></span> v<span class=\"_ _2\"></span>alue. Long<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">term debt i<span class=\"_ _2\"></span>n the table <span class=\"_ _2\"></span>above ex<span class=\"_ _2\"></span>cludes debt i<span class=\"_ _2\"></span>ssuance cos<span class=\"_ _2\"></span><span class=\"ls4a ws86\">ts of</span></span> <span class=\"ls31 ws51\">$17.7 million, as of both November 30, 2025</span> </span><span class=\"ff188 ws50\">and 2<span class=\"_ _2\"></span>024. T<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> estim<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue of <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span>\u2019s s<span class=\"_ _2\"></span>enior <span class=\"_ _2\"></span>unsec<span class=\"_ _2\"></span>ured<span class=\"_ _2\"></span> bond<span class=\"_ _2\"></span> issue<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>s bas<span class=\"_ _2\"></span>ed o<span class=\"_ _2\"></span>n </span>traded<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ues, w<span class=\"_ _2\"></span>hile<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> remai<span class=\"_ _2\"></span>ning <span class=\"_ _2\"></span>long<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">term debt is <span class=\"_ _2\"></span>based on i<span class=\"_ _2\"></span>nterest rates <span class=\"_ _2\"></span>as of No<span class=\"_ _2\"></span>vember 30, 2025<span class=\"_ _2\"></span> and 2024<span class=\"_ _2\"></span>, respectively<span class=\"_ _2\"></span>, using the di<span class=\"_ _2\"></span>scounted c<span class=\"_ _2\"></span>ash flow <span class=\"_ _2\"></span>meth<span class=\"_ _2\"></span>odology. The fai<span class=\"_ _2\"></span>r values of<span class=\"_ _2\"></span> </span></span>the G<span class=\"_ _2\"></span>roup\u2019<span class=\"_ _2\"></span>s fore<span class=\"_ _2\"></span>ign <span class=\"_ _2\"></span>excha<span class=\"_ _2\"></span>nge c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ract<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> base<span class=\"_ _2\"></span>d on<span class=\"_ _2\"></span> thei<span class=\"_ _2\"></span>r est<span class=\"_ _2\"></span>imate<span class=\"_ _2\"></span>d m<span class=\"_ _2\"></span>arket<span class=\"_ _2\"></span> value<span class=\"_ _2\"></span>s as<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> Novem<span class=\"_ _2\"></span>ber 3<span class=\"_ _2\"></span>0, 20<span class=\"_ _2\"></span>25 <span class=\"_ _2\"></span>and 20<span class=\"_ _2\"></span>24,<span class=\"_ _2\"></span> respe<span class=\"_ _2\"></span>ctiv<span class=\"_ _2\"></span><span class=\"ff184\">el<span class=\"_ _2\"></span>y. Mark<span class=\"_ _2\"></span>et <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span> of i<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>rest <span class=\"_ _2\"></span>rate<span class=\"ls1 ws0\">, </span><span class=\"ws52\">cross<span class=\"ls1 ws0\">-</span><span class=\"ws4f\">curre<span class=\"_ _2\"></span>ncy i<span class=\"_ _2\"></span>nteres<span class=\"_ _2\"></span>t rate sw<span class=\"_ _2\"></span>aps<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">a<span class=\"_ _2\"></span>nd </span></span></span></span></span>carbo<span class=\"_ _2\"></span>n emi<span class=\"_ _2\"></span>ssions<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>rward<span class=\"_ _2\"></span> con<span class=\"_ _2\"></span>tracts<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> w<span class=\"_ _1\"></span><span class=\"ls30 ws52\">ere<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">estima<span class=\"_ _2\"></span>ted based o<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">the amo<span class=\"_ _2\"></span>unt t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>Group w<span class=\"_ _2\"></span>ould<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>eive o<span class=\"_ _2\"></span>r p<span class=\"_ _2\"></span>ay to<span class=\"_ _2\"></span> term<span class=\"_ _2\"></span>inate<span class=\"_ _2\"></span> its<span class=\"_ _2\"></span> agr<span class=\"_ _2\"></span>eem<span class=\"_ _2\"></span>ents a<span class=\"_ _2\"></span>s of <span class=\"_ _2\"></span>Nove<span class=\"_ _2\"></span>mber<span class=\"_ _2\"></span> 30, 2<span class=\"_ _2\"></span>025 <span class=\"_ _2\"></span>and<span class=\"_ _2\"></span> 2024<span class=\"_ _2\"></span>.<span class=\"_ _195\"> </span></span></span></span></span></span></span>Fore<span class=\"ls58 ws88\">ign currency<span class=\"ls1 ws0\"> </span></span>The f<span class=\"_ _2\"></span>ollowi<span class=\"_ _2\"></span>ng f<span class=\"_ _2\"></span>oreig<span class=\"_ _2\"></span>n exc<span class=\"_ _2\"></span>hange<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>ts, <span class=\"ws52\">m<span class=\"_ _2\"></span>aturi<span class=\"_ _2\"></span>ng <span class=\"ls2f ws4e\">in<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">Nov<span class=\"_ _1\"></span>embe<span class=\"_ _2\"></span>r 2026, were outstanding<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">as of </span></span></span></span></span></span>Novemb<span class=\"_ _2\"></span>er<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">30, 2025 and 2024:</span> </span><table class=\"s w1a1 h156\" id=\"_104a18dd-f818-420f-96f7-85f2f550a814\"><tr><td></td><td class=\"c x373 y2e58 wd6 he6\"><div class=\"t m0 x184 h82 y1c8e ff18e fs3b fc2 sc0 ls1e ws32\">Purchase<span class=\"ls1 ws0\"> (sale) </span></div></td><td></td></tr><tr><td class=\"c x246 y2e59 w1a2 h103\"><div class=\"t m0 x245 h82 y29a6 ff18e fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2f3 h82 y29a6 ff18e fs3b fc2 sc0 ls1e ws2f\">local currency, th<span class=\"_ _1\"></span>ousands)<span class=\"_ _195\"> </span></div></td><td class=\"c x373 y2e5a w48 h83\"><div class=\"t m0 x177 h85 y246c ff190 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2e5a w2a h83\"><div class=\"t m0 x177 h82 y246c ff18e fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e5b wd5 h86\"><div class=\"t m0 x0 h88 y1bef ff18e fs3a fc2 sc0 ls20 ws36\">Euro<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x373 y2e5b w48 h86\"><div class=\"t m0 x179 h87 y1bef ff190 fs3a fc2 sc0 ls23 ws39\">89,549<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2e5b w2a h86\"><div class=\"t m0 x183 h88 y1bef ff18e fs3a fc2 sc0 ls20 ws36\">69,000<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e5c wd5 h8c\"><div class=\"t m0 x0 h88 y1c4d ff18e fs3a fc2 sc0 ls29 ws42\">Singapore dollar<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x373 y2e5c w48 h8c\"><div class=\"t m0 x179 h87 y1c4d ff190 fs3a fc2 sc0 ls23 ws39\">26,545<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2e5c w2a h8c\"><div class=\"t m0 x183 h88 y1c4d ff18e fs3a fc2 sc0 ls20 ws36\">20,000<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e5d wd5 h89\"><div class=\"t m0 x0 h88 y1bfa ff18e fs3a fc2 sc0 ls29 ws42\">Australian dollar<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x373 y2e5d w48 h89\"><div class=\"t m0 x179 h87 y1bfa ff190 fs3a fc2 sc0 ls23 ws39\">22,000<span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x241 y2e5e wd5 h8b\"><div class=\"t m0 x0 h88 y1bf8 ff18e fs3a fc2 sc0 ls24 ws3a\">British pound<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x373 y2e5e w48 h8b\"><div class=\"t m0 x179 h87 y1bf8 ff190 fs3a fc2 sc0 ls23 ws39\">15,800<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2e5e w2a h8b\"><div class=\"t m0 x183 h88 y1bf8 ff18e fs3a fc2 sc0 ls20 ws36\">18,000<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e5f wd5 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff18e fs3a fc2 sc0 ls22 ws37\">Norwegi<span class=\"_ _1\"></span>an krone<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x373 y2e5f w25 h8a\"><div class=\"t m0 x17b h87 y1bf6 ff190 fs3a fc2 sc0 ls21 ws35\">(237,<span class=\"_ _2\"></span>267)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2e5f w2a h8a\"><div class=\"t m0 x181 h88 y1bf6 ff18e fs3a fc2 sc0 ls20 ws36\">327,000<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>The US dolla<span class=\"_ _2\"></span>r equivalent o<span class=\"_ _2\"></span>f the c<span class=\"_ _2\"></span>urrencies<span class=\"ls59 ws95\">, <span class=\"ls30 ws50\">which<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> had c<span class=\"_ _2\"></span>ontrac<span class=\"_ _2\"></span>ted <span class=\"_ _2\"></span>to p<span class=\"_ _2\"></span>urch<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span><span class=\"ls1 ws0\">,<span class=\"_ _1\"></span> <span class=\"ls30 ws52\">was </span></span></span></span>$<span class=\"ls31 ws53\">159</span>.<span class=\"_ _1\"></span><span class=\"ls31 ws53\">6 <span class=\"ls2f ws70\">million and $</span>139<span class=\"ls2f ws70\">.6 millio<span class=\"_ _2\"></span>n as<span class=\"ls1 ws0\"> <span class=\"ls4a ws76\">of</span> </span><span class=\"ws4e\">November<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">30, 2025 <span class=\"_ _2\"></span>and 2024, resp<span class=\"ls2f ws4e\">ectively.<span class=\"ls1 ws0\"> </span><span class=\"ws70\">The US do<span class=\"_ _2\"></span>llar </span></span></span></span></span></span></span>equiv<span class=\"_ _2\"></span>alent<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>ncies<span class=\"_ _2\"></span><span class=\"ls49 ws78\">, <span class=\"_ _1\"></span><span class=\"ls30 ws50\">w<span class=\"_ _2\"></span>hic<span class=\"_ _2\"></span>h the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up had<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>ted <span class=\"_ _2\"></span>to <span class=\"ls2f ws4e\">sell,<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">w<span class=\"_ _2\"></span>as $<span class=\"ls31 ws53\">23.5. <span class=\"ls2f ws75\">million and <span class=\"ls4b ws77\">Nil<span class=\"ls1 ws0\"> </span></span></span></span></span></span></span></span></span>as<span class=\"ls1 ws0\"> <span class=\"ls4a ws76\">of</span> <span class=\"ls2f ws4e\">N<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>vember<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">30, 2025 and 2024, resp</span></span>ectively.<span class=\"ls1 ws0\"> </span></span></span>The Gr<span class=\"_ _1\"></span>oup util<span class=\"_ _1\"></span>ises for<span class=\"_ _1\"></span>eign cur<span class=\"_ _1\"></span>renc<span class=\"_ _1\"></span>y derivat<span class=\"_ _1\"></span>ives to<span class=\"_ _1\"></span> hedge c<span class=\"_ _1\"></span>ommitte<span class=\"_ _1\"></span>d and fo<span class=\"_ _1\"></span>recast<span class=\"_ _1\"></span>ed cash <span class=\"ls86 wsdb\">flow<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls6f wsb1\">exposur<span class=\"_ _1\"></span>es. <span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></span></span></span>The Group has<span class=\"_ _2\"></span> elected <span class=\"_ _2\"></span><span class=\"ls31 ws81\">to apply <span class=\"ls4a ws76\">non<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">hedg<span class=\"_ _2\"></span>e acc<span class=\"_ _2\"></span>ou<span class=\"_ _2\"></span>nting <span class=\"_ _2\"></span>treatm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> for <span class=\"_ _2\"></span><span class=\"ws52\">all<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ws50\">co<span class=\"_ _2\"></span>ntrac<span class=\"_ _2\"></span>ts.<span class=\"_ _2\"></span> Gai<span class=\"_ _2\"></span>ns and<span class=\"_ _2\"></span> loss<span class=\"_ _2\"></span>es </span></span></span></span></span></span>on hedg<span class=\"_ _2\"></span>es of<span class=\"_ _2\"></span> com<span class=\"_ _2\"></span>mitte<span class=\"_ _2\"></span>d co<span class=\"_ _2\"></span>mm<span class=\"_ _2\"></span>ercial<span class=\"_ _2\"></span> trans<span class=\"_ _2\"></span>acti<span class=\"_ _2\"></span>ons <span class=\"_ _2\"></span>are r<span class=\"_ _2\"></span>ecord<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>as a <span class=\"_ _2\"></span>forei<span class=\"_ _2\"></span>gn ex<span class=\"_ _2\"></span>change<span class=\"_ _2\"></span> gai<span class=\"_ _2\"></span>n or<span class=\"_ _2\"></span> loss.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><table class=\"s w17b h157\" id=\"_21c836a0-bbb1-4911-90c3-b06bf8ee7312\"><tr><td class=\"c x246 y2e61 w1a3 h158\"><div class=\"t m0 x245 h85 y2c8b ff193 fs3b fc2 sc0 ls65 ws9b\">For the yea<span class=\"_ _2\"></span>r ended <span class=\"_ _2\"></span>November 3<span class=\"_ _2\"></span>0, 20<span class=\"_ _195\"> </span></div><div class=\"t m0 x393 h85 y2e60 ff193 fs3b fc2 sc0 ls1b ws2f\">25<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x394 h85 y2e62 ff193 fs3b fc2 sc0 ls87 wsdc\">Less<span class=\"ls1 ws0\"> than<span class=\"_ _195\"> </span></span></td><td></td><td></td><td class=\"t m0 x38e h85 y2e62 ff193 fs3b fc2 sc0 ls65 ws99\">More<span class=\"ls1 ws0\"> than<span class=\"_ _195\"> </span></span></td><td></td></tr><tr><td class=\"c x24b y2e63 wd7 hb6\"><div class=\"t m0 x0 h85 y1c8e ff193 fs3b fc2 sc0 ls1 ws0\">(<span class=\"ls65 ws99\"></span><span class=\"ls65 ws99\">in</span> US $ thousands) </div></td><td class=\"c x29e y2e63 w54 hb6\"><div class=\"t m0 x15 h85 y1c8c ff193 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x1be h85 y1c8e ff193 fs3b fc2 sc0 ls1 ws0\">1 <span class=\"ls19 ws2d\">yr</span> </div></td><td class=\"c x29f y2e63 w34 hb6\"><div class=\"t m0 x185 h85 y1c8b ff193 fs3b fc2 sc0 ls1 ws0\">2-3 <span class=\"ls7c wsc3\">yrs</span> </div></td><td class=\"c x2fb y2e63 w20 hb6\"><div class=\"t m0 x185 h85 y1c8b ff193 fs3b fc2 sc0 ls1 ws0\">4-5 <span class=\"ls7c wsc3\">yrs</span> </div></td><td class=\"c x2a1 y2e63 w20 hb6\"><div class=\"t m0 x15 h85 y1c8c ff193 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x177 h85 y1c8e ff193 fs3b fc2 sc0 ls1 ws0\">5 <span class=\"ls7c wsc3\">yrs</span> </div></td><td class=\"c x2fa y2e63 w55 hb6\"><div class=\"t m0 x177 h85 y1c8b ff193 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2e64 wd7 h86\"><div class=\"t m0 x0 h87 y1c4c ff193 fs3a fc2 sc0 ls2c ws5a\">Contractual obligations<span class=\"_ _1\"></span>:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e65 wd7 h86\"><div class=\"t m0 x0 h88 y1bef ff194 fs3a fc2 sc0 ls24 ws3a\">Accounts payable, excluding withholding and value<span class=\"ls1 ws0\">-<span class=\"ls28\">added<span class=\"_ _2\"></span> taxe<span class=\"_ _2\"></span>s</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e65 w54 h86\"><div class=\"t m0 x180 h87 y1bef ff193 fs3a fc2 sc0 ls21 ws35\">117,<span class=\"_ _2\"></span>080<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e65 w34 h86\"><div class=\"t m0 x2d h87 y1bef ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fb y2e65 w20 h86\"><div class=\"t m0 x2d h87 y1bef ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2a1 y2e65 w20 h86\"><div class=\"t m0 x2d h87 y1bef ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e65 w55 h86\"><div class=\"t m0 x180 h87 y1bef ff193 fs3a fc2 sc0 ls21 ws35\">117,<span class=\"_ _2\"></span>080<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e66 wd7 h8a\"><div class=\"t m0 x0 h88 y1bff ff194 fs3a fc2 sc0 ls28 ws0\">Accr<span class=\"_ _2\"></span>ued e<span class=\"_ _2\"></span>xpens<span class=\"_ _2\"></span>es and di<span class=\"_ _2\"></span>viden<span class=\"_ _2\"></span>d pay<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span><span class=\"ls29 ws42\">, excluding<span class=\"_ _2\"></span> contr<span class=\"_ _2\"></span>act liabilities</span><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span><span class=\"ls1\">  </span></div></td><td class=\"c x29e y2e66 w54 h8a\"><div class=\"t m0 x180 h87 y1bff ff193 fs3a fc2 sc0 ls21 ws35\">361,<span class=\"_ _2\"></span>461<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e66 w34 h8a\"><div class=\"t m0 x2d h87 y1bff ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fb y2e66 w20 h8a\"><div class=\"t m0 x2d h87 y1bff ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2a1 y2e66 w20 h8a\"><div class=\"t m0 x2d h87 y1bff ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e66 w55 h8a\"><div class=\"t m0 x180 h87 y1bff ff193 fs3a fc2 sc0 ls21 ws35\">361,<span class=\"_ _2\"></span>461<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e67 wd7 h86\"><div class=\"t m0 x0 h88 y1bfa ff194 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease<span class=\"_ _2\"></span> liabilities,<span class=\"_ _2\"></span> includ<span class=\"_ _2\"></span>ing curr<span class=\"_ _2\"></span>ent maturit<span class=\"_ _2\"></span>ies</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e67 w54 h86\"><div class=\"t m0 x179 h87 y1bfa ff193 fs3a fc2 sc0 ls23 ws39\">75,032<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e67 w34 h86\"><div class=\"t m0 x180 h87 y1bfa ff193 fs3a fc2 sc0 ls21 ws35\">105,<span class=\"_ _2\"></span>225<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e67 w20 h86\"><div class=\"t m0 x179 h87 y1bfa ff193 fs3a fc2 sc0 ls23 ws39\">62,792<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e67 w20 h86\"><div class=\"t m0 x180 h87 y1bfa ff193 fs3a fc2 sc0 ls21 ws35\">159,<span class=\"_ _2\"></span>139<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e67 w55 h86\"><div class=\"t m0 x180 h87 y1bfa ff193 fs3a fc2 sc0 ls21 ws35\">402,<span class=\"_ _2\"></span>188<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e68 wd7 h86\"><div class=\"t m0 x0 h88 y1bf8 ff194 fs3a fc2 sc0 ls24 ws3a\">Interest on long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease l<span class=\"_ _2\"></span>iabilities</span></span><span class=\"ls1 ws0\"><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span> </span></div></td><td class=\"c x29e y2e68 w54 h86\"><div class=\"t m0 x179 h87 y1bf8 ff193 fs3a fc2 sc0 ls23 ws39\">20,426<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e68 w34 h86\"><div class=\"t m0 x179 h87 y1bf8 ff193 fs3a fc2 sc0 ls23 ws39\">29,249<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e68 w20 h86\"><div class=\"t m0 x179 h87 y1bf8 ff193 fs3a fc2 sc0 ls23 ws39\">19,878<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e68 w20 h86\"><div class=\"t m0 x179 h87 y1bf8 ff193 fs3a fc2 sc0 ls27 ws3f\">73<span class=\"ls23 ws39\">,524</span><span class=\"ls23 ws39\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2fa y2e68 w55 h86\"><div class=\"t m0 x180 h87 y1bf8 ff193 fs3a fc2 sc0 ls21 ws35\">143,<span class=\"_ _2\"></span>077<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e69 wd7 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff194 fs3a fc2 sc0 ls22 ws3e\">Short<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls24 ws3a\">term bank loans</span></span><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x29e y2e69 w54 h8a\"><div class=\"t m0 x179 h87 y1bf6 ff193 fs3a fc2 sc0 ls23 ws39\">65,000<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e69 w34 h8a\"><div class=\"t m0 x2d h87 y1bf6 ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fb y2e69 w20 h8a\"><div class=\"t m0 x2d h87 y1bf6 ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2a1 y2e69 w20 h8a\"><div class=\"t m0 x2d h87 y1bf6 ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e69 w55 h8a\"><div class=\"t m0 x179 h87 y1bf6 ff193 fs3a fc2 sc0 ls23 ws39\">65,000<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6a wd7 h8b\"><div class=\"t m0 x0 h88 y1c05 ff194 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls2a ws5a\">term de<span class=\"_ _2\"></span>bt<span class=\"_ _2\"></span></span>, <span class=\"_ _3\"></span><span class=\"ls24 ws3a\">including<span class=\"_ _2\"></span> current maturities</span></span><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x29e y2e6a w54 h8b\"><div class=\"t m0 x180 h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">296,<span class=\"_ _2\"></span>550<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6a w34 h8b\"><div class=\"t m0 x180 h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">652,<span class=\"_ _2\"></span>276<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e6a w20 h8b\"><div class=\"t m0 x180 h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">564,<span class=\"_ _2\"></span>356<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e6a w20 h8b\"><div class=\"t m0 x180 h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">638,<span class=\"_ _2\"></span>888<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e6a w55 h8b\"><div class=\"t m0 x17a h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">2,15<span class=\"_ _2\"></span>2,070<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6b wd7 h86\"><div class=\"t m0 x0 h88 y1bde ff194 fs3a fc2 sc0 ls24 ws3a\">Interest on long<span class=\"ls1 ws0\">-<span class=\"ls26 ws3d\">term deb<span class=\"_ _1\"></span>t</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x29e y2e6b w54 h86\"><div class=\"t m0 x180 h87 y1bde ff193 fs3a fc2 sc0 ls21 ws35\">110,<span class=\"_ _2\"></span>090<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6b w34 h86\"><div class=\"t m0 x180 h87 y1bde ff193 fs3a fc2 sc0 ls21 ws35\">182,<span class=\"_ _2\"></span>387<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e6b w20 h86\"><div class=\"t m0 x180 h87 y1bde ff193 fs3a fc2 sc0 ls21 ws35\">118,<span class=\"_ _2\"></span>276<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e6b w20 h86\"><div class=\"t m0 x179 h87 y1bde ff193 fs3a fc2 sc0 ls23 ws39\">96,926<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e6b w55 h86\"><div class=\"t m0 x180 h87 y1bde ff193 fs3a fc2 sc0 ls21 ws35\">507,<span class=\"_ _2\"></span>679<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6c wd7 h8a\"><div class=\"t m0 x0 h88 y1be0 ff194 fs3a fc2 sc0 ls29 ws42\">Derivative f<span class=\"_ _2\"></span>inancial lia<span class=\"_ _2\"></span>bilities<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e6c w54 h8a\"><div class=\"t m0 x185 h87 y1be0 ff193 fs3a fc2 sc0 ls21 ws35\">4,70<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6c w34 h8a\"><div class=\"t m0 x185 h87 y1be0 ff193 fs3a fc2 sc0 ls21 ws35\">7,04<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e6c w20 h8a\"><div class=\"t m0 x185 h87 y1be0 ff193 fs3a fc2 sc0 ls21 ws35\">6,98<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e6c w20 h8a\"><div class=\"t m0 x2d h87 y1be0 ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e6c w55 h8a\"><div class=\"t m0 x179 h87 y1be0 ff193 fs3a fc2 sc0 ls23 ws39\">18,730<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6d wd7 h86\"><div class=\"t m0 x0 h88 y1bde ff194 fs3a fc2 sc0 ls24 ws3a\">Other current<span class=\"ls1 ws0\"> <span class=\"ls29 ws44\">liabilities</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e6d w54 h86\"><div class=\"t m0 x179 h87 y1bde ff193 fs3a fc2 sc0 ls23 ws39\">42,918<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6d w34 h86\"><div class=\"t m0 x2d h87 y1bde ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fb y2e6d w20 h86\"><div class=\"t m0 x2d h87 y1bde ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2a1 y2e6d w20 h86\"><div class=\"t m0 x2d h87 y1bde ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e6d w55 h86\"><div class=\"t m0 x179 h87 y1bde ff193 fs3a fc2 sc0 ls23 ws39\">42,918<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6e wd7 h86\"><div class=\"t m0 x0 h87 y1be4 ff193 fs3a fc2 sc0 ls25 ws4d\">Total contractual obligations<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e6e w54 h86\"><div class=\"t m0 x17a h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">1,09<span class=\"_ _2\"></span>3,258<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6e w34 h86\"><div class=\"t m0 x180 h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">976,<span class=\"_ _2\"></span>182<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e6e w20 h86\"><div class=\"t m0 x180 h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">772,<span class=\"_ _2\"></span>286<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e6e w20 h86\"><div class=\"t m0 x180 h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">968,<span class=\"_ _2\"></span>477<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e6e w55 h86\"><div class=\"t m0 x17a h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">3,81<span class=\"_ _2\"></span>0,203<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table><table class=\"s w17b h159\" id=\"_7e447562-4eb7-427c-92a7-a51fc0881bd2\"><tr><td class=\"c x246 y2e6f w1a4 h115\"><div class=\"t m0 x245 h82 y29a6 ff194 fs3b fc2 sc0 ls1 ws32\">For the year<span class=\"_ _195\"> </span></div><div class=\"t m0 x395 h82 y29a6 ff194 fs3b fc2 sc0 ls1 ws0\">ended November <span class=\"ls69 wsa2\">30, 2024<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x394 h82 y2e70 ff194 fs3b fc2 sc0 ls7c wsc3\">Less<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">than<span class=\"_ _195\"> </span></span></span></td><td></td><td></td><td class=\"t m0 x38e h82 y2e70 ff194 fs3b fc2 sc0 ls65 ws99\">More<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">tha<span class=\"_ _2\"></span>n<span class=\"_ _195\"> </span></span></span></td><td></td></tr><tr><td class=\"c x24b y2e71 wd7 hc6\"><div class=\"t m0 x0 h82 y1c51 ff194 fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"c x29e y2e71 w54 hc6\"><div class=\"t m0 x15 h82 y2486 ff194 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x19f h82 y1d6f ff194 fs3b fc2 sc0 ls1 ws0\">1 <span class=\"ls69 wsbc\">yr</span> </div></td><td class=\"c x29f y2e71 w34 hc6\"><div class=\"t m0 x184 h82 y22db ff194 fs3b fc2 sc0 ls1 ws0\">2-3 <span class=\"ls69 wsbc\">yrs</span> </div></td><td class=\"c x2fb y2e71 w20 hc6\"><div class=\"t m0 x184 h82 y22db ff194 fs3b fc2 sc0 ls1 ws0\">4-5 <span class=\"ls69 wsbc\">yrs</span> </div></td><td class=\"c x2a1 y2e71 w20 hc6\"><div class=\"t m0 x15 h82 y2486 ff194 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x1a0 h82 y1d6f ff194 fs3b fc2 sc0 ls1 ws0\">5 <span class=\"ls69 wsbc\">yrs</span> </div></td><td class=\"c x2fa y2e71 w55 hc6\"><div class=\"t m0 x177 h82 y22db ff194 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2e72 wd7 h8a\"><div class=\"t m0 x0 h87 y1bf6 ff193 fs3a fc2 sc0 ls2c ws5a\">Contractual obligations<span class=\"_ _1\"></span>:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e73 wd7 h86\"><div class=\"t m0 x0 h88 y1bf8 ff194 fs3a fc2 sc0 ls24 ws3a\">Accounts payable, excluding withholding and value<span class=\"ls1 ws0\">-<span class=\"ls28\">added<span class=\"_ _2\"></span> taxe<span class=\"_ _2\"></span>s</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e73 w54 h86\"><div class=\"t m0 x183 h88 y1bf8 ff194 fs3a fc2 sc0 ls20 ws36\">88,320<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e73 w34 h86\"><div class=\"t m0 x2d h88 y1bf8 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fb y2e73 w20 h86\"><div class=\"t m0 x2d h88 y1bf8 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2a1 y2e73 w20 h86\"><div class=\"t m0 x2d h88 y1bf8 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fa y2e73 w55 h86\"><div class=\"t m0 x183 h88 y1bf8 ff194 fs3a fc2 sc0 ls20 ws36\">88,320<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e74 wd7 h86\"><div class=\"t m0 x0 h88 y1bde ff194 fs3a fc2 sc0 ls28 ws0\">Accr<span class=\"_ _2\"></span>ued e<span class=\"_ _2\"></span>xpens<span class=\"_ _2\"></span>es and di<span class=\"_ _2\"></span>viden<span class=\"_ _2\"></span>d pay<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span><span class=\"ls29 ws42\">, excluding<span class=\"_ _2\"></span> contr<span class=\"_ _2\"></span>act liabilities</span><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span><span class=\"ls1\">  </span></div></td><td class=\"c x29e y2e74 w54 h86\"><div class=\"t m0 x181 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">379,749<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e74 w34 h86\"><div class=\"t m0 x2d h88 y1bde ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fb y2e74 w20 h86\"><div class=\"t m0 x2d h88 y1bde ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2a1 y2e74 w20 h86\"><div class=\"t m0 x2d h88 y1bde ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fa y2e74 w55 h86\"><div class=\"t m0 x181 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">379,749<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e75 wd7 ha4\"><div class=\"t m0 x0 h88 y1be0 ff194 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease<span class=\"_ _2\"></span> liabilities,<span class=\"_ _2\"></span> includ<span class=\"_ _2\"></span>ing curr<span class=\"_ _2\"></span>ent maturit<span class=\"_ _2\"></span>ies</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e75 w54 ha4\"><div class=\"t m0 x183 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">58,581<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e75 w34 ha4\"><div class=\"t m0 x183 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">83,169<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e75 w20 ha4\"><div class=\"t m0 x183 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">51,368<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e75 w20 ha4\"><div class=\"t m0 x181 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">150,893<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e75 w55 ha4\"><div class=\"t m0 x181 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">344,011<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e76 wd7 h86\"><div class=\"t m0 x0 h88 y1bde ff194 fs3a fc2 sc0 ls24 ws3a\">Interest on long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease l<span class=\"_ _2\"></span>iabilities</span></span><span class=\"ls1 ws0\"><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span> </span></div></td><td class=\"c x29e y2e76 w54 h86\"><div class=\"t m0 x183 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">17,267<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e76 w34 h86\"><div class=\"t m0 x183 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">26,459<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e76 w20 h86\"><div class=\"t m0 x183 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">18,551<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e76 w20 h86\"><div class=\"t m0 x183 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">73,010<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e76 w55 h86\"><div class=\"t m0 x181 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">135,287<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e77 wd7 h86\"><div class=\"t m0 x0 h88 y1c05 ff194 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls24 ws3a\">term debt, including current<span class=\"_ _2\"></span> maturities</span></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span> </span></div></td><td class=\"c x29e y2e77 w54 h86\"><div class=\"t m0 x181 h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">200,446<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e77 w34 h86\"><div class=\"t m0 x181 h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">506,426<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e77 w20 h86\"><div class=\"t m0 x181 h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">605,365<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e77 w20 h86\"><div class=\"t m0 x181 h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">548,260<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e77 w55 h86\"><div class=\"t m0 x17b h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">1,860,497<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e78 wd7 h8a\"><div class=\"t m0 x0 h88 y1be6 ff194 fs3a fc2 sc0 ls24 ws3a\">Interest on long<span class=\"ls1 ws0\">-<span class=\"ls26 ws3d\">term deb<span class=\"_ _1\"></span>t</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x29e y2e78 w54 h8a\"><div class=\"t m0 x181 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">103,040<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e78 w34 h8a\"><div class=\"t m0 x181 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">170,949<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e78 w20 h8a\"><div class=\"t m0 x181 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">114,561<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e78 w20 h8a\"><div class=\"t m0 x183 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">93,865<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e78 w55 h8a\"><div class=\"t m0 x181 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">482,415<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e79 wd7 h86\"><div class=\"t m0 x0 h88 y1be4 ff194 fs3a fc2 sc0 ls29 ws42\">Derivative f<span class=\"_ _2\"></span>inancial lia<span class=\"_ _2\"></span>bilities<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e79 w54 h86\"><div class=\"t m0 x184 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">1,616<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e79 w34 h86\"><div class=\"t m0 x184 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">6,688<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e79 w20 h86\"><div class=\"t m0 x184 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">5,489<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e79 w20 h86\"><div class=\"t m0 x1a0 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">447<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e79 w55 h86\"><div class=\"t m0 x183 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">14,240<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e7a wd7 h86\"><div class=\"t m0 x0 h88 y1be2 ff194 fs3a fc2 sc0 ls24 ws3a\">Other current<span class=\"ls1 ws0\"> <span class=\"ls29 ws44\">liabilities</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e7a w54 h86\"><div class=\"t m0 x183 h88 y1be2 ff194 fs3a fc2 sc0 ls20 ws36\">56,031<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e7a w34 h86\"><div class=\"t m0 x2d h88 y1be2 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fb y2e7a w20 h86\"><div class=\"t m0 x2d h88 y1be2 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2a1 y2e7a w20 h86\"><div class=\"t m0 x2d h88 y1be2 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fa y2e7a w55 h86\"><div class=\"t m0 x183 h88 y1be2 ff194 fs3a fc2 sc0 ls20 ws36\">56,031<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e7b wd7 h8a\"><div class=\"t m0 x0 h87 y1c79 ff193 fs3a fc2 sc0 ls25 ws4d\">Total contractual obligations<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e7b w54 h8a\"><div class=\"t m0 x181 h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">905,050<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e7b w34 h8a\"><div class=\"t m0 x181 h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">793,691<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e7b w20 h8a\"><div class=\"t m0 x181 h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">795,334<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e7b w20 h8a\"><div class=\"t m0 x181 h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">866,475<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e7b w55 h8a\"><div class=\"t m0 x17b h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">3,360,550<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>Long<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">term debt i<span class=\"_ _2\"></span>n the table <span class=\"_ _2\"></span>above ex<span class=\"_ _2\"></span>cludes debt i<span class=\"_ _2\"></span>ssuance cost<span class=\"_ _2\"></span>s of $17<span class=\"_ _2\"></span>.7 million <span class=\"_ _2\"></span>as of bot<span class=\"_ _2\"></span>h Novemb<span class=\"_ _2\"></span>er</span> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">30, 2025 <span class=\"_ _2\"></span>and 2024<span class=\"ls2f ws70\">. Derivat<span class=\"_ _2\"></span>ive financial liabil<span class=\"_ _2\"></span>ities are<span class=\"_ _2\"></span> stated at<span class=\"_ _2\"></span> future undisco<span class=\"_ _2\"></span>unted cash f<span class=\"_ _2\"></span>lows; </span></span></span>theref<span class=\"_ _2\"></span>ore<span class=\"_ _2\"></span>, they<span class=\"_ _2\"></span> do<span class=\"_ _2\"></span> not ag<span class=\"_ _2\"></span>ree <span class=\"_ _2\"></span>to th<span class=\"_ _2\"></span>e bal<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> sheet<span class=\"_ _2\"></span>.<span class=\"_ _195\"> </span>23<span class=\"ls79 wsa2\">. </span>Short-<span class=\"ls71 wsb3\">Term Ba<span class=\"_ _2\"></span>nk Loans</span> <span class=\"_ _2\"></span> Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span>Interest<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls49 wsaa\">be<span class=\"_ _2\"></span>aring<span class=\"_ _2\"></span> bo<span class=\"_ _2\"></span>rro<span class=\"_ _2\"></span>wing<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d i<span class=\"_ _2\"></span>nitial<span class=\"_ _2\"></span>ly<span class=\"_ _2\"></span> at f<span class=\"_ _2\"></span>air <span class=\"_ _2\"></span>val<span class=\"_ _2\"></span>ue le<span class=\"_ _2\"></span>ss d<span class=\"_ _2\"></span>ir<span class=\"_ _2\"></span>ectl<span class=\"_ _2\"></span>y att<span class=\"_ _2\"></span>rib<span class=\"_ _2\"></span>utab<span class=\"_ _2\"></span>le <span class=\"_ _2\"></span>tran<span class=\"_ _2\"></span>sacti<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n </span></span>cost<span class=\"_ _2\"></span>s. S<span class=\"_ _2\"></span>ubse<span class=\"_ _2\"></span>quent<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> init<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>og<span class=\"_ _2\"></span>nitio<span class=\"_ _2\"></span>n, i<span class=\"_ _2\"></span>nter<span class=\"_ _2\"></span>est<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls30 wsab\">bearing<span class=\"_ _2\"></span> borr<span class=\"_ _2\"></span>owing<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>ated at<span class=\"_ _2\"></span> amor<span class=\"_ _2\"></span>tised<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>st wit<span class=\"_ _2\"></span>h </span></span>any differe<span class=\"_ _2\"></span>nce bet<span class=\"_ _2\"></span>ween co<span class=\"_ _2\"></span>st and <span class=\"_ _2\"></span>redempti<span class=\"_ _2\"></span>on val<span class=\"_ _2\"></span>ue being rec<span class=\"_ _2\"></span>ognis<span class=\"_ _2\"></span>ed in t<span class=\"_ _2\"></span>he income <span class=\"_ _2\"></span>stateme<span class=\"_ _2\"></span>nt over<span class=\"_ _2\"></span> the p<span class=\"_ _2\"></span>eriod<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> bor<span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span>wing<span class=\"_ _2\"></span>s on<span class=\"_ _2\"></span> an eff<span class=\"_ _2\"></span>ecti<span class=\"_ _2\"></span>ve<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st b<span class=\"_ _2\"></span>asis.<span class=\"_ _195\"> </span>Short<span class=\"_ _1\"></span><span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">term b<span class=\"_ _2\"></span>ank <span class=\"_ _2\"></span>loans<span class=\"_ _2\"></span> consi<span class=\"_ _2\"></span>st <span class=\"_ _2\"></span>of de<span class=\"_ _2\"></span>bt ob<span class=\"_ _2\"></span>lig<span class=\"_ _2\"></span>ations<span class=\"_ _2\"></span> to b<span class=\"_ _2\"></span>anks<span class=\"_ _2\"></span> unde<span class=\"_ _2\"></span>r uncom<span class=\"_ _2\"></span>mi<span class=\"_ _2\"></span>tted<span class=\"_ _2\"></span> lines <span class=\"_ _2\"></span>of<span class=\"_ _2\"></span> </span> </span>credit and b<span class=\"_ _2\"></span>ank overdraft<span class=\"_ _2\"></span> facilities. As <span class=\"_ _2\"></span>of November<span class=\"_ _2\"></span> 30, 2025,<span class=\"_ _2\"></span> the Group h<span class=\"_ _2\"></span>ad $65.0 millio<span class=\"_ _2\"></span>n of uncomm<span class=\"_ _2\"></span>itted<span class=\"_ _2\"></span> lin<span class=\"_ _2\"></span>es of<span class=\"_ _2\"></span> credi<span class=\"_ _2\"></span>t <span class=\"_ _2\"></span>outs<span class=\"_ _2\"></span>tanding<span class=\"_ _2\"></span><span class=\"ls1 ws0\">. <span class=\"_ _1\"></span><span class=\"ls30 ws4f\">T<span class=\"_ _2\"></span>here were<span class=\"_ _2\"></span> no outs<span class=\"_ _2\"></span>tand<span class=\"_ _2\"></span>ing sho<span class=\"_ _2\"></span>rt<span class=\"ls1 ws0\">-</span><span class=\"ws50\">term<span class=\"_ _2\"></span> bank<span class=\"_ _2\"></span> loa<span class=\"_ _2\"></span>ns a<span class=\"_ _2\"></span>t </span></span></span>November 30, 2024.<span class=\"ls1 ws0\">  </span>On <span class=\"ls31 ws51\">Februar<span class=\"_ _1\"></span>y 28<span class=\"_ _2\"></span>, 2024<span class=\"ls30 ws4f\">, the Gro<span class=\"_ _2\"></span>up ente<span class=\"_ _2\"></span>red int<span class=\"_ _2\"></span>o a<span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">committed<span class=\"_ _2\"></span></span> <span class=\"ls2f ws70\">revolving credit<span class=\"_ _2\"></span> facility wit<span class=\"_ _2\"></span>h Danske B<span class=\"_ _2\"></span>ank </span></span></span></span>A/S, Nordea B<span class=\"_ _2\"></span>ank Abp, <span class=\"_ _2\"></span>DNB (UK) Ltd<span class=\"_ _2\"></span>, Swedbank AB <span class=\"_ _2\"></span>and Skandina<span class=\"_ _2\"></span>viska Enskilda <span class=\"_ _2\"></span>Banken AB (<span class=\"_ _2\"></span>SSF RCF) f<span class=\"_ _2\"></span>or $<span class=\"ls31 ws53\">150.0<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">milli<span class=\"_ _2\"></span>on using S<span class=\"_ _2\"></span>tolt Sea <span class=\"_ _2\"></span>Farm SA shares <span class=\"_ _2\"></span>as collate<span class=\"_ _2\"></span>ral. The weighted<span class=\"_ _2\"></span> average in<span class=\"_ _2\"></span>terest </span></span></span>rate <span class=\"_ _2\"></span>on t<span class=\"_ _2\"></span>he RC<span class=\"_ _2\"></span>F was<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">6.<span class=\"_ _1\"></span>5% and<span class=\"_ _2\"></span> <span class=\"ws53\">7.3<span class=\"ls30 ws50\">% for<span class=\"_ _2\"></span> the y<span class=\"_ _2\"></span>ea<span class=\"_ _2\"></span>r ende<span class=\"_ _2\"></span>d </span></span>November 30, 2025 a<span class=\"_ _2\"></span>nd 202<span class=\"ls1 ws0\">4<span class=\"ls2f ws75\">, r<span class=\"_ _1\"></span>espec<span class=\"_ _2\"></span>tively<span class=\"ls1 ws0\">.  </span></span></span></span></span>On <span class=\"ls31 ws51\">Februar<span class=\"_ _1\"></span>y 16<span class=\"_ _2\"></span>, 2022<span class=\"ls30 ws4f\">, the Gro<span class=\"_ _2\"></span>up ente<span class=\"_ _2\"></span>red int<span class=\"_ _2\"></span>o a sus<span class=\"_ _2\"></span>tain<span class=\"_ _2\"></span>abili<span class=\"_ _2\"></span>ty<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">linked secured lo<span class=\"_ _2\"></span>an agreement <span class=\"_ _2\"></span>for </span></span></span></span>$<span class=\"ls31 ws53\">415.0</span> <span class=\"_ _3\"></span><span class=\"ls2f ws70\">m<span class=\"_ _2\"></span>illion, consisti<span class=\"_ _2\"></span>ng of a <span class=\"_ _2\"></span>term loan of<span class=\"_ _2\"></span> <span class=\"ls31 ws53\">$180.9<span class=\"ls1 ws0\"> </span></span>million and a re<span class=\"_ _2\"></span>volving credit f<span class=\"_ _2\"></span>acility (<span class=\"ls30 ws52\">S<span class=\"_ _2\"></span>hip <span class=\"ls4e ws7b\">RCF<span class=\"_ _2\"></span>) <span class=\"ls1 ws0\"> </span></span></span></span>of $<span class=\"ls31 ws53\">234.1<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">millio<span class=\"_ _2\"></span>n. T<span class=\"_ _2\"></span>he lo<span class=\"_ _2\"></span>an sy<span class=\"_ _2\"></span>ndi<span class=\"_ _2\"></span>catio<span class=\"_ _2\"></span>n was<span class=\"_ _2\"></span> wit<span class=\"_ _2\"></span>h 14 b<span class=\"_ _2\"></span>anks<span class=\"_ _2\"></span> and l<span class=\"_ _2\"></span>ed b<span class=\"_ _2\"></span>y th<span class=\"_ _2\"></span>ree b<span class=\"_ _2\"></span>ookru<span class=\"_ _2\"></span>nners:<span class=\"_ _2\"></span> Nord<span class=\"_ _2\"></span>ea </span></span></span>Bank Ab<span class=\"_ _2\"></span>p, <span class=\"_ _2\"></span>Danske<span class=\"_ _2\"></span> B<span class=\"_ _2\"></span>ank A/<span class=\"_ _2\"></span>S and<span class=\"_ _2\"></span> DNB<span class=\"_ _2\"></span> (UK<span class=\"_ _2\"></span>) Lim<span class=\"_ _2\"></span>ited<span class=\"_ _2\"></span> (DNB<span class=\"_ _2\"></span>). It<span class=\"_ _2\"></span> expi<span class=\"_ _2\"></span>res o<span class=\"_ _2\"></span>n Feb<span class=\"_ _2\"></span>ru<span class=\"_ _2\"></span>ary 16<span class=\"_ _2\"></span>, 20<span class=\"_ _2\"></span>28 and<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>is secured by<span class=\"_ _2\"></span> 17 ships. T<span class=\"_ _2\"></span>he revol<span class=\"_ _2\"></span>ving credit <span class=\"_ _2\"></span>line reduces semi<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">annual<span class=\"_ _2\"></span>ly b<span class=\"_ _2\"></span>y $<span class=\"ls31 ws53\">13.2</span></span> </span><span class=\"ws4e\">million.<span class=\"ls1 ws0\"> </span></span>The RCF was <span class=\"ws4f\">undraw<span class=\"_ _2\"></span>n in <span class=\"ls31 ws53\">202<span class=\"ls1 ws0\">5 <span class=\"_ _1\"></span><span class=\"ls30 ws52\">and <span class=\"ls31 ws53\">202<span class=\"ls1 ws0\">4,<span class=\"_ _1\"></span> <span class=\"ls30 ws4f\">so there i<span class=\"_ _2\"></span>s</span> <span class=\"ls30 ws52\">no</span> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">weigh<span class=\"_ _2\"></span>ted average i<span class=\"_ _2\"></span>nterest rate f<span class=\"_ _2\"></span>or the ye<span class=\"_ _2\"></span>ar.<span class=\"ls1 ws0\"> </span></span></span></span></span></span></span></span>On December 9,<span class=\"_ _2\"></span> 2022, the <span class=\"_ _2\"></span>Group sig<span class=\"_ _2\"></span>ned a two<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2f ws70\">year <span class=\"_ _2\"></span>revolving cred<span class=\"_ _2\"></span>it facility wi<span class=\"_ _2\"></span>th DNB (D<span class=\"_ _2\"></span>NB RCF) </span></span>secured by t<span class=\"_ _2\"></span>he shares i<span class=\"_ _2\"></span>n the Group\u2019s j<span class=\"_ _2\"></span>oint venture<span class=\"_ _2\"></span>, ASA, fo<span class=\"_ _2\"></span>r $100.0 millio<span class=\"_ _2\"></span>n<span class=\"ff19c ls59 ws95\">, </span><span class=\"ff19c\">which was extended <span class=\"_ _2\"></span>in </span>December 2024 for $120.0 million with an expiration date of December 31, 2026<span class=\"ls2f ws70\">. <span class=\"_ _2\"></span>The facility<span class=\"_ _2\"></span> has </span>the opti<span class=\"_ _2\"></span>on to b<span class=\"_ _2\"></span>e ex<span class=\"_ _2\"></span>tended <span class=\"_ _2\"></span>for tw<span class=\"_ _2\"></span>o additi<span class=\"_ _2\"></span>onal ye<span class=\"_ _2\"></span>ars.<span class=\"_ _2\"></span> <span class=\"ls30 ws50\">The<span class=\"_ _2\"></span> weigh<span class=\"_ _2\"></span>ted <span class=\"_ _2\"></span>averag<span class=\"_ _2\"></span>e in<span class=\"_ _2\"></span>teres<span class=\"_ _2\"></span>t rate<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> <span class=\"ls4b ws77\">DNB<span class=\"_ _2\"></span> </span></span>RCF was <span class=\"ls30 ws50\">6.5<span class=\"_ _2\"></span>% and <span class=\"_ _2\"></span><span class=\"ls48 ws72\">5.7</span>%<span class=\"_ _2\"></span> for <span class=\"_ _2\"></span>the y<span class=\"_ _2\"></span>ear<span class=\"ls1 ws0\">s <span class=\"_ _1\"></span><span class=\"ls61 ws89\">e<span class=\"_ _2\"></span>nded <span class=\"ls31 ws51\">N<span class=\"_ _1\"></span>ovember 30, 2025 <span class=\"_ _2\"></span>and 2024<span class=\"ls2f ws75\">, respectively.<span class=\"ls1 ws0\">  </span></span></span></span></span></span>As <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">o<span class=\"_ _2\"></span>f <span class=\"ls31 ws51\">N<span class=\"_ _1\"></span>ovember 30, 202<span class=\"_ _2\"></span><span class=\"ls30 ws50\">5, the<span class=\"_ _2\"></span> Gr<span class=\"_ _2\"></span>oup had<span class=\"_ _2\"></span> ava<span class=\"_ _2\"></span>ilabl<span class=\"_ _2\"></span>e und<span class=\"_ _2\"></span>rawn<span class=\"_ _2\"></span> com<span class=\"_ _2\"></span>mitted<span class=\"_ _2\"></span> cred<span class=\"_ _2\"></span>it l<span class=\"_ _2\"></span>ines<span class=\"_ _2\"></span> of $<span class=\"_ _2\"></span></span><span class=\"ws53\">142.<span class=\"ls2f ws70\">0 milli<span class=\"_ _2\"></span>on </span></span></span></span>from the<span class=\"_ _2\"></span> <span class=\"ls46 ws6f\">Ship<span class=\"_ _2\"></span> <span class=\"ls54 wsca\">RCF, $<span class=\"ls31 ws53\">150.0<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">millio<span class=\"_ _2\"></span>n on the <span class=\"_ _2\"></span>SSF RCF a<span class=\"_ _2\"></span>nd $<span class=\"ls31 ws53\">40.0<span class=\"ls1 ws0\"> </span></span><span class=\"ws75\">million from the DN<span class=\"ls48 ws2f\">B RCF<span class=\"ls1 ws0\">.  </span></span></span></span></span></span></span></span>Commitment fee<span class=\"_ _2\"></span>s for unused <span class=\"_ _2\"></span>lines of c<span class=\"_ _2\"></span>redit were $<span class=\"_ _2\"></span><span class=\"ls48 ws72\">2.6<span class=\"ls1 ws0\"> </span></span>million and $<span class=\"ls48 ws72\">3<span class=\"_ _2\"></span>.1<span class=\"ls1 ws0\"> </span></span>million for t<span class=\"_ _2\"></span>he years ended Novemb<span class=\"_ _2\"></span>er<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">30, 202</span>5 <span class=\"_ _1\"></span><span class=\"ls30 ws52\">and<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ls31 ws53\">202<span class=\"ls1 ws0\">4, <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">respectively<span class=\"_ _2\"></span>. <span class=\"ls1 ws0\"> </span></span></span></span></span></span>Severa<span class=\"_ _2\"></span>l of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> sho<span class=\"_ _2\"></span>rt<span class=\"ls1 ws0\">-</span>term and<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ng<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">term credit f<span class=\"_ _2\"></span>acilities conta<span class=\"_ _2\"></span>in vario<span class=\"_ _2\"></span>us financial cov<span class=\"_ _2\"></span>enants </span></span>applicable eithe<span class=\"_ _2\"></span>r quarterly<span class=\"_ _2\"></span> or annually<span class=\"_ _2\"></span>, which, if<span class=\"_ _2\"></span> not complied<span class=\"_ _2\"></span> with, cou<span class=\"_ _2\"></span>ld result in<span class=\"_ _2\"></span> the accele<span class=\"_ _2\"></span>ration of repayment of<span class=\"_ _2\"></span> amounts due a<span class=\"_ _2\"></span>nd could limit<span class=\"_ _2\"></span> the abili<span class=\"_ _2\"></span>ty of <span class=\"_ _2\"></span>the Group<span class=\"_ _2\"></span> to draw fu<span class=\"_ _2\"></span>nds from t<span class=\"_ _2\"></span>ime to tim<span class=\"_ _2\"></span>e. At<span class=\"ls1 ws0\"> </span>November<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">30, 202<span class=\"ls1 ws0\">5 <span class=\"_ _1\"></span><span class=\"ls30 ws52\">a<span class=\"_ _2\"></span>nd <span class=\"ls31 ws53\">202<span class=\"ls1 ws0\">4</span></span><span class=\"ws50\">, the Gr<span class=\"_ _2\"></span>oup w<span class=\"_ _2\"></span>as i<span class=\"_ _2\"></span>n com<span class=\"_ _2\"></span>plia<span class=\"_ _2\"></span>nce wi<span class=\"_ _2\"></span>th th<span class=\"_ _2\"></span>e fina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>al cov<span class=\"_ _2\"></span>ena<span class=\"_ _2\"></span>nts und<span class=\"_ _2\"></span>er </span></span></span></span></span>its debt agreem<span class=\"_ _2\"></span>ents.<span class=\"_ _195\"> </span>Agreements execut<span class=\"_ _2\"></span>ed in connec<span class=\"_ _2\"></span>tion with c<span class=\"_ _2\"></span>ertain debt <span class=\"_ _2\"></span>obligations, b<span class=\"_ _2\"></span>oth short<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">term and<span class=\"_ _2\"></span> long<span class=\"_ _2\"></span></span> <span class=\"ls30 ws52\">term, </span></span>require<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>hat the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up m<span class=\"_ _2\"></span>aintai<span class=\"_ _2\"></span>ns d<span class=\"_ _2\"></span>efi<span class=\"_ _2\"></span>ned fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al<span class=\"ls1 ws0\"> </span>covena<span class=\"_ _2\"></span>nts,<span class=\"_ _2\"></span> inc<span class=\"_ _2\"></span>luding<span class=\"_ _2\"></span>, b<span class=\"_ _2\"></span>ut n<span class=\"_ _2\"></span>ot lim<span class=\"_ _2\"></span>ite<span class=\"_ _2\"></span>d to<span class=\"_ _2\"></span>, mini<span class=\"_ _2\"></span>mum<span class=\"_ _2\"></span> consolidated tangible<span class=\"_ _2\"></span> net w<span class=\"_ _2\"></span>orth of $600<span class=\"_ _2\"></span>.0 million,<span class=\"_ _2\"></span> maximum rat<span class=\"_ _2\"></span>io of<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">co<span class=\"_ _2\"></span>nsolidated debt<span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">to </span></span></span></span>consolidated tangible<span class=\"_ _2\"></span> net w<span class=\"_ _2\"></span>orth <span class=\"ls30 ws52\">f<span class=\"_ _2\"></span>rom<span class=\"ls1 ws0\"> <span class=\"ls31 ws53\">2.</span>0<span class=\"_ _1\"></span><span class=\"ls61 ws96\">:1 t<span class=\"_ _2\"></span>o 2.5:1<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">and minimum <span class=\"_ _2\"></span>ratio of consolid<span class=\"_ _2\"></span>ated EBITDA<span class=\"_ _2\"></span> to </span></span></span></span></span>consolidated in<span class=\"_ _2\"></span>terest expense of<span class=\"_ _2\"></span> <span class=\"ls61 ws89\">2:1</span>. Mos<span class=\"_ _2\"></span>t of the deb<span class=\"_ _2\"></span>t agreement<span class=\"_ _2\"></span>s provide fo<span class=\"_ _2\"></span>r a cross<span class=\"_ _2\"></span> default in <span class=\"_ _2\"></span>the event of a de<span class=\"_ _2\"></span>fault in a<span class=\"_ _2\"></span>nother<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">agre<span class=\"_ _2\"></span>ement.<span class=\"_ _2\"></span> In <span class=\"_ _2\"></span>the eve<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span> of</span> <span class=\"ls30 ws50\">a def<span class=\"_ _2\"></span>ault <span class=\"_ _2\"></span>that<span class=\"_ _2\"></span> exte<span class=\"_ _2\"></span>nds b<span class=\"_ _2\"></span>eyond<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> applic<span class=\"_ _2\"></span>abl<span class=\"_ _2\"></span>e </span></span>remedy<span class=\"_ _2\"></span> or<span class=\"_ _2\"></span> cure p<span class=\"_ _2\"></span>eriod<span class=\"_ _2\"></span>, le<span class=\"_ _2\"></span>nders<span class=\"_ _2\"></span> m<span class=\"_ _2\"></span>ay acc<span class=\"_ _2\"></span>eler<span class=\"_ _2\"></span>ate <span class=\"_ _2\"></span>repaym<span class=\"_ _2\"></span>ent <span class=\"_ _2\"></span>of amo<span class=\"_ _2\"></span>unts<span class=\"_ _2\"></span> due<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>hem.<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span>24<span class=\"ls79 wsa2\">. <span class=\"ls71 wsb3\">Long</span></span>-<span class=\"ls3a ws9b\">Term Debt</span>  Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span>Interest<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls49 wsaa\">be<span class=\"_ _2\"></span>aring<span class=\"_ _2\"></span> bo<span class=\"_ _2\"></span>rro<span class=\"_ _2\"></span>wing<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d i<span class=\"_ _2\"></span>nitial<span class=\"_ _2\"></span>ly<span class=\"_ _2\"></span> at f<span class=\"_ _2\"></span>air <span class=\"_ _2\"></span>val<span class=\"_ _2\"></span>ue le<span class=\"_ _2\"></span>ss d<span class=\"_ _2\"></span>ir<span class=\"_ _2\"></span>ectl<span class=\"_ _2\"></span>y att<span class=\"_ _2\"></span>rib<span class=\"_ _2\"></span>utab<span class=\"_ _2\"></span>le <span class=\"_ _2\"></span>tran<span class=\"_ _2\"></span>sacti<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n </span></span>cost<span class=\"_ _2\"></span>s. S<span class=\"_ _2\"></span>ubse<span class=\"_ _2\"></span>quent<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> init<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>og<span class=\"_ _2\"></span>nitio<span class=\"_ _2\"></span>n, i<span class=\"_ _2\"></span>nter<span class=\"_ _2\"></span>est<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls30 wsab\">bearing<span class=\"_ _2\"></span> borr<span class=\"_ _2\"></span>owing<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>ated at<span class=\"_ _2\"></span> amor<span class=\"_ _2\"></span>tise<span class=\"_ _2\"></span>d co<span class=\"_ _2\"></span>st wi<span class=\"_ _2\"></span>th </span></span>any differe<span class=\"_ _2\"></span>nce bet<span class=\"_ _2\"></span>ween co<span class=\"_ _2\"></span>st and <span class=\"_ _2\"></span>redempti<span class=\"_ _2\"></span>on val<span class=\"_ _2\"></span>ue being rec<span class=\"_ _2\"></span>ognis<span class=\"_ _2\"></span>ed in t<span class=\"_ _2\"></span>he income <span class=\"_ _2\"></span>stateme<span class=\"_ _2\"></span>nt over<span class=\"_ _2\"></span> the p<span class=\"_ _2\"></span>eriod<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> bor<span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span>wing<span class=\"_ _2\"></span>s on<span class=\"_ _2\"></span> an eff<span class=\"_ _2\"></span>ecti<span class=\"_ _2\"></span>ve<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st b<span class=\"_ _2\"></span>asis.<span class=\"_ _2\"></span> Long<span class=\"ls1 ws0\">-</span><span class=\"ws50\">term<span class=\"_ _2\"></span> d<span class=\"ls2f ws75\">ebt as of November<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">30, 2025 and 2024 consisted of the following:</span>  </span></span></span><table class=\"s w16b h15a\" id=\"_f9970a33-39ce-46ce-b98e-193eddb3201b\"><tr><td class=\"c x241 y2e7c wd8 h83\"><div class=\"t m0 x0 h82 y1c4a ff19c fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"t m0 x396 h82 y2e7d ff19c fs3b fc2 sc0 ls1 ws0\">Notes<span class=\"_ _195\"> </span></td><td class=\"c x2be y2e7c wda h83\"><div class=\"t m0 x193 h85 y1e4c ff19a fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x397 y2e7c wdb h83\"><div class=\"t m0 x1 h82 y1e4c ff19c fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e7e wd8 h86\"><div class=\"t m0 x0 h88 y1c05 ff19c fs3a fc2 sc0 ls26 ws3d\">Preferred sh<span class=\"_ _1\"></span>ip fixed<span class=\"ls1 ws0\"> <span class=\"ls22 ws37\">rate m<span class=\"_ _1\"></span>ortgages:</span></span><span class=\"ls1 ws0\"><span class=\"ls22 ws37\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x317 y2e7f w1a5 hfa\"><div class=\"t m0 x245 h88 y2933 ff19c fs3a fc2 sc0 ls22 ws37\">Fixed in<span class=\"_ _1\"></span>terest rates ranging<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>from 4.2% to <span class=\"ls20 ws36\">5.7<span class=\"ls23 ws39\">%<span class=\"_ _195\"> </span></span></span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x317 y2e80 w1a6 hfa\"><div class=\"t m0 x245 h88 y2933 ff19c fs3a fc2 sc0 ls20 ws34\">(2024: 4.2%<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> 5<span class=\"ls1 ws0\">.<span class=\"ls24 ws3a\">7<span class=\"_ _1\"></span>%</span></span><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\">),<span class=\"_ _2\"></span> maturities vary <span class=\"_ _2\"></span><span class=\"ls20 ws34\">up to<span class=\"ls1 ws0\"> </span><span class=\"ws36\">2038<span class=\"_ _195\"> </span></span></span></span></span></div></td><td class=\"c x398 y2e81 wd9 h8d\"><div class=\"t m0 x17d h88 y1bdc ff19c fs3a fc2 sc0 ls2a ws45\">(i)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2be y2e81 wda h8d\"><div class=\"t m0 x183 h87 y1bdc ff19a fs3a fc2 sc0 ls21 ws35\">610,<span class=\"_ _2\"></span>954<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x397 y2e81 wdb h8d\"><div class=\"t m0 x186 h88 y1bdc ff19c fs3a fc2 sc0 ls20 ws36\">402,636<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e82 wd8 h8a\"><div class=\"t m0 x0 h88 y1c03 ff19c fs3a fc2 sc0 ls22 ws37\">Preferred<span class=\"_ _1\"></span> ship variable<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls22 ws37\">rate mortga<span class=\"_ _1\"></span>ges:</span></span><span class=\"ls1 ws0\"><span class=\"ls22 ws37\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x317 y2e83 w1a7 hfa\"><div class=\"t m0 x245 h88 y2933 ff19c fs3a fc2 sc0 ls22 ws37\">Interest rates ran<span class=\"_ _1\"></span>ging from<span class=\"_ _1\"></span> <span class=\"_ _2\"></span><span class=\"ls20 ws36\">6.3</span>% to <span class=\"ls20 ws36\">7.<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\">% <span class=\"_ _1\"></span><span class=\"ls20 ws36\">(2024:<span class=\"_ _195\"> </span></span></span></span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x317 y2e84 w1a8 hfa\"><div class=\"t m0 x245 h88 y2933 ff19c fs3a fc2 sc0 ls22 ws37\">7.6% to 8<span class=\"_ _1\"></span>.5%), maturities vary<span class=\"_ _1\"></span> <span class=\"ls20 ws34\">u<span class=\"_ _2\"></span>p to<span class=\"ls1 ws0\"> <span class=\"ls7b wsc2\">20</span></span><span class=\"ws36\">40<span class=\"_ _195\"> </span></span></span></div></td><td class=\"c x398 y2e85 wd9 h90\"><div class=\"t m0 x191 h88 y1c03 ff19c fs3a fc2 sc0 ls1 ws0\">(<span class=\"_ _1\"></span>i<span class=\"ls29 ws44\">i</span><span class=\"ls29 ws44\">)</span> </div></td><td class=\"c x2be y2e85 wda h90\"><div class=\"t m0 x183 h87 y1c03 ff19a fs3a fc2 sc0 ls21 ws35\">139<span class=\"ls1 ws0\">,</span>246<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x397 y2e85 wdb h90\"><div class=\"t m0 x186 h88 y1c03 ff19c fs3a fc2 sc0 ls20 ws36\">253,749<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e86 wd8 h86\"><div class=\"t m0 x0 h88 y1c05 ff19c fs3a fc2 sc0 ls29 ws42\">Senior se<span class=\"_ _2\"></span>cured cr<span class=\"_ _2\"></span>edit facilities<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x398 y2e86 wd9 h86\"><div class=\"t m0 x19e h88 y1c05 ff19c fs3a fc2 sc0 ls2a ws45\">(i<span class=\"ls1 ws0\">i<span class=\"ls29 ws44\">i</span></span><span class=\"ls1 ws0\"><span class=\"ls29 ws44\">)</span> </span></div></td><td class=\"c x2be y2e86 wda h86\"><div class=\"t m0 x183 h87 y1c05 ff19a fs3a fc2 sc0 ls21 ws35\">984<span class=\"ls1 ws0\">,</span>953<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x397 y2e86 wdb h86\"><div class=\"t m0 x181 h88 y1c05 ff19c fs3a fc2 sc0 ls20 ws36\">1,040,170<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e87 wd8 h86\"><div class=\"t m0 x0 h88 y1bde ff19c fs3a fc2 sc0 ls24 ws3a\">Senior unsecured bond issues<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x398 y2e87 wd9 h86\"><div class=\"t m0 x19e h88 y1bde ff19c fs3a fc2 sc0 ls2a ws45\">(i<span class=\"ls1 ws0\">v</span><span class=\"ls1 ws0\">)<span class=\"_ _1\"></span> </span></div></td><td class=\"c x2be y2e87 wda h86\"><div class=\"t m0 x183 h87 y1bde ff19a fs3a fc2 sc0 ls21 ws35\">296,<span class=\"_ _2\"></span>939<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x397 y2e87 wdb h86\"><div class=\"t m0 x186 h88 y1bde ff19c fs3a fc2 sc0 ls20 ws36\">136,673<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e88 wd8 h8a\"><div class=\"t m0 x0 h88 y1c79 ff19c fs3a fc2 sc0 ls26 ws3d\">Committed rev<span class=\"_ _1\"></span>olving credit agreement<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x398 y2e88 wd9 h8a\"><div class=\"t m0 x17c h88 y1c79 ff19c fs3a fc2 sc0 ls20 ws36\">23<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2be y2e88 wda h8a\"><div class=\"t m0 x184 h87 y1c79 ff19a fs3a fc2 sc0 ls23 ws39\">80,000<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x397 y2e88 wdb h8a\"><div class=\"t m0 x99 h88 y1c79 ff19d fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff19c\"> </span></div></td></tr><tr><td class=\"c x241 y2e89 wd8 h86\"><div class=\"t m0 x0 h88 y1be2 ff19c fs3a fc2 sc0 ls24 ws3a\">Bank loans:<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x317 y2e8a w1a9 hfb\"><div class=\"t m0 x245 h88 y29ed ff19c fs3a fc2 sc0 ls22 ws37\">Interest rates ran<span class=\"_ _1\"></span>ging from<span class=\"_ _1\"></span> <span class=\"_ _2\"></span><span class=\"ls20 ws34\">1.5% to<span class=\"_ _2\"></span> 7.1%<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2a ws45\">(2<span class=\"_ _2\"></span>02<span class=\"ls1 ws0\">4<span class=\"ls88 wsdd\">:<span class=\"_ _195\"> </span></span></span></span></span></span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x317 y2e8b w1aa hfb\"><div class=\"t m0 x245 h88 y29ed ff19c fs3a fc2 sc0 ls20 ws34\">1.5% to 2.<span class=\"_ _2\"></span>1%), mat<span class=\"_ _2\"></span>uriti<span class=\"_ _2\"></span>es <span class=\"ls1f ws43\">var<span class=\"_ _2\"></span>y </span>up to<span class=\"ls1 ws0\"> <span class=\"ls7b wsc2\">20<span class=\"_ _1\"></span><span class=\"ls20 ws36\">32<span class=\"_ _195\"> </span></span></span></span></div></td><td></td><td class=\"c x2be y2e8c wda h90\"><div class=\"t m0 x184 h87 y1be2 ff19a fs3a fc2 sc0 ls23 ws39\">22,330<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x397 y2e8c wdb h90\"><div class=\"t m0 x1a0 h88 y1be2 ff19c fs3a fc2 sc0 ls20 ws36\">9,544<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x2be y2e8d wda h86\"><div class=\"t m0 x210 h87 y1be4 ff19a fs3a fc2 sc0 ls21 ws35\">2,13<span class=\"_ _2\"></span>4,422<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x397 y2e8d wdb h86\"><div class=\"t m0 x181 h88 y1be4 ff19c fs3a fc2 sc0 ls20 ws36\">1,842,772<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e8e wd8 h8a\"><div class=\"t m0 x0 h88 y1c65 ff19c fs3a fc2 sc0 ls28 ws40\">Less<span class=\"ls1 ws0\"> <span class=\"ff19d\">\u2013<span class=\"_ _1\"></span><span class=\"ff19c\"> <span class=\"ls23 ws4b\">curren<span class=\"_ _1\"></span>t maturities</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ff19d\"><span class=\"ff19c\"><span class=\"ls23 ws4b\"><span class=\"ls1 ws0\"> </span></span></span></span></span></div></td><td></td><td class=\"c x2be y2e8e wdc h8a\"><div class=\"t m0 x181 h87 y1c65 ff19a fs3a fc2 sc0 ls21 ws35\">(292,<span class=\"_ _2\"></span>295)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x397 y2e8e wa0 h8a\"><div class=\"t m0 x18f h88 y1c65 ff19c fs3a fc2 sc0 ls20 ws36\">(195,645)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t m0 x399 h87 y2e8f ff19a fs3a fc2 sc0 ls21 ws35\">1,84<span class=\"_ _2\"></span>2,127<span class=\"_ _195\"> </span></td><td class=\"t m0 x39a h88 y2e8f ff19c fs3a fc2 sc0 ls20 ws36\">1,647,127<span class=\"_ _195\"> </span></td></tr></table>The classificatio<span class=\"_ _2\"></span>n of debt<span class=\"_ _2\"></span> and the in<span class=\"_ _2\"></span>terest rates <span class=\"_ _2\"></span>shown in t<span class=\"_ _2\"></span>he above t<span class=\"_ _2\"></span>able are af<span class=\"_ _2\"></span>ter considering<span class=\"_ _2\"></span> existing inte<span class=\"_ _2\"></span>rest rate <span class=\"ls30 ws50\">and<span class=\"_ _2\"></span> cr<span class=\"_ _2\"></span>oss<span class=\"ls1 ws0\">-</span>curre<span class=\"_ _2\"></span>ncy i<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>rest <span class=\"_ _2\"></span>rate <span class=\"_ _2\"></span></span><span class=\"ws4e\">hedges.<span class=\"_ _195\"> </span></span>Long<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span><span class=\"ws89\">term deb<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\"> </span></span>The m<span class=\"_ _2\"></span>ajori<span class=\"_ _2\"></span>ty of<span class=\"_ _2\"></span> long<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">term debt is d<span class=\"_ _2\"></span>enominated <span class=\"ws4e\">in<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">or <span class=\"_ _2\"></span>swapped into US <span class=\"ls30 ws50\">doll<span class=\"_ _2\"></span>ars,<span class=\"_ _2\"></span> wit<span class=\"_ _2\"></span>h $<span class=\"ls1 ws0\">20<span class=\"_ _1\"></span>3.<span class=\"_ _1\"></span>5 <span class=\"ls2f ws4e\">million</span> </span></span></span></span></span></span>and <span class=\"ls1 ws0\">$<span class=\"_ _1\"></span>2<span class=\"ls31 ws53\">02</span>.9<span class=\"_ _1\"></span> <span class=\"ls2f ws70\">million denominated <span class=\"_ _2\"></span>in</span> <span class=\"ls30 ws50\">other cu<span class=\"_ _2\"></span>rrenc<span class=\"_ _2\"></span>ies</span> <span class=\"ls30 ws50\">and<span class=\"_ _2\"></span> not<span class=\"_ _2\"></span> swap<span class=\"_ _2\"></span>ped to<span class=\"_ _2\"></span> US d<span class=\"_ _2\"></span>olla<span class=\"_ _2\"></span>rs</span> <span class=\"ls30 ws50\">as of<span class=\"_ _2\"></span> </span></span>Novemb<span class=\"_ _2\"></span>er<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">30, 20</span>25<span class=\"_ _1\"></span> <span class=\"ls30 ws50\">and 20</span>24<span class=\"ls2f ws75\">, respectively. </span> </span>Long<span class=\"ls1 ws0\">-</span><span class=\"ws50\">term<span class=\"_ _2\"></span> debt<span class=\"_ _2\"></span> consi<span class=\"_ _2\"></span>sts<span class=\"_ _2\"></span> of de<span class=\"_ _2\"></span>bt <span class=\"_ _2\"></span>colla<span class=\"_ _2\"></span>terali<span class=\"_ _2\"></span>sed b<span class=\"_ _2\"></span>y m<span class=\"_ _2\"></span>ortgag<span class=\"_ _2\"></span>es o<span class=\"_ _2\"></span>n s<span class=\"_ _2\"></span>hips, <span class=\"_ _2\"></span>tank c<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>tainer<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> </span>termi<span class=\"_ _2\"></span>nals,<span class=\"_ _2\"></span> as we<span class=\"_ _2\"></span>ll <span class=\"_ _2\"></span>as $<span class=\"ls31 ws53\">299<span class=\"ls4c ws79\">.4<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span>million <span class=\"_ _2\"></span>unsec<span class=\"_ _2\"></span>ured<span class=\"_ _2\"></span> bond<span class=\"_ _2\"></span> fina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>ng <span class=\"ls31 ws53\">($292.9 <span class=\"ls2f ws70\">million after con<span class=\"_ _2\"></span>sidering th<span class=\"_ _2\"></span>e </span></span>cross<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>ncy sw<span class=\"_ _2\"></span><span class=\"ls1 ws0\">a<span class=\"ls31 ws53\">p) <span class=\"_ _1\"></span><span class=\"ls2f ws70\">at Novem<span class=\"_ _2\"></span>ber<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">30, 20</span>2<span class=\"_ _1\"></span>5. </span></span></span></span></span></span>(i<span class=\"ls1 ws0\">) <span class=\"_ _1\"></span><span class=\"ls46 ws6f\">Pre<span class=\"_ _2\"></span>fe<span class=\"_ _2\"></span>rre<span class=\"_ _2\"></span>d <span class=\"ls4b ws77\">ship <span class=\"ls30 ws52\">fixed<span class=\"ls1 ws0\"> <span class=\"ls59 ws2f\">rate mortg<span class=\"_ _1\"></span>ages<span class=\"ls1 ws0\"> </span></span></span></span></span></span></span>In the<span class=\"_ _2\"></span> fou<span class=\"_ _2\"></span>rth q<span class=\"_ _2\"></span>uarte<span class=\"_ _2\"></span>r of<span class=\"_ _2\"></span> 202<span class=\"_ _2\"></span>5, the<span class=\"_ _2\"></span> Gr<span class=\"_ _2\"></span>oup a<span class=\"_ _2\"></span>rrange<span class=\"_ _2\"></span>d fo<span class=\"_ _2\"></span>r ref<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>ncing<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> the<span class=\"ls1 ws0\"> <span class=\"ls46 ws6f\">HS4<span class=\"_ _2\"></span></span> </span>loan fac<span class=\"_ _2\"></span>ili<span class=\"_ _2\"></span>ty (H<span class=\"_ _2\"></span>S4 Lo<span class=\"_ _2\"></span>an Facility) for w<span class=\"_ _2\"></span>hich eight s<span class=\"_ _2\"></span>hips had b<span class=\"_ _2\"></span>een used as<span class=\"_ _2\"></span> collateral. <span class=\"_ _2\"></span>A new b<span class=\"_ _2\"></span>orrowing agreement wi<span class=\"_ _2\"></span>th the<span class=\"_ _2\"></span> Korea Developme<span class=\"_ _2\"></span>nt Bank, Over<span class=\"_ _2\"></span>sea<span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">Chinese<span class=\"_ _2\"></span> Bank<span class=\"_ _2\"></span>ing C<span class=\"_ _2\"></span>orpo<span class=\"_ _2\"></span>ratio<span class=\"_ _2\"></span>n <span class=\"_ _2\"></span>Limi<span class=\"_ _2\"></span>ted, S<span class=\"_ _2\"></span>umito<span class=\"_ _2\"></span>mo Mi<span class=\"_ _2\"></span>tsui<span class=\"_ _2\"></span> Trus<span class=\"_ _2\"></span>t </span></span>Bank,<span class=\"_ _2\"></span> Limi<span class=\"_ _2\"></span>ted a<span class=\"_ _2\"></span>nd a g<span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span>up of p<span class=\"_ _2\"></span>riv<span class=\"_ _2\"></span>ate in<span class=\"_ _2\"></span>ves<span class=\"_ _2\"></span>tors <span class=\"_ _2\"></span>has be<span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>set up<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> eig<span class=\"_ _2\"></span>ht tra<span class=\"_ _2\"></span>nche<span class=\"_ _2\"></span>s. The<span class=\"_ _2\"></span> new<span class=\"_ _2\"></span> agreeme<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span> is a<span class=\"_ _2\"></span>t fixed<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>nteres<span class=\"_ _2\"></span>t ra<span class=\"_ _2\"></span>tes,<span class=\"_ _2\"></span> rangi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>from 4<span class=\"_ _2\"></span>.29<span class=\"_ _2\"></span>% to 4<span class=\"_ _2\"></span>.49%.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span>re a<span class=\"_ _2\"></span>re qua<span class=\"_ _2\"></span>rterl<span class=\"_ _2\"></span>y pay<span class=\"_ _2\"></span>me<span class=\"_ _2\"></span>nts fo<span class=\"_ _2\"></span>r each <span class=\"ws50\">tranc<span class=\"_ _2\"></span>he wi<span class=\"_ _2\"></span>th an<span class=\"_ _2\"></span> ave<span class=\"_ _2\"></span>rage<span class=\"_ _2\"></span> maturi<span class=\"_ _2\"></span>ty <span class=\"_ _2\"></span>of nin<span class=\"_ _2\"></span>e ye<span class=\"_ _2\"></span>ars. <span class=\"_ _2\"></span>At th<span class=\"_ _2\"></span>e e<span class=\"_ _2\"></span>nd o<span class=\"_ _2\"></span>f the<span class=\"_ _2\"></span> agre<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span>, t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup h<span class=\"_ _2\"></span>as a<span class=\"_ _2\"></span>n </span>optio<span class=\"_ _2\"></span>n to<span class=\"_ _2\"></span> purch<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span> the s<span class=\"_ _2\"></span>hips<span class=\"_ _2\"></span> by p<span class=\"_ _2\"></span>aying<span class=\"_ _2\"></span> fixed<span class=\"_ _2\"></span> amo<span class=\"_ _2\"></span>unts.<span class=\"_ _2\"></span> As<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>opti<span class=\"_ _2\"></span>on to<span class=\"_ _2\"></span> repu<span class=\"_ _2\"></span>rchase<span class=\"_ _2\"></span> was<span class=\"_ _2\"></span> virt<span class=\"_ _2\"></span>uall<span class=\"_ _2\"></span>y certai<span class=\"_ _2\"></span>n to<span class=\"_ _2\"></span> be e<span class=\"_ _2\"></span>xerci<span class=\"_ _2\"></span>sed by<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup <span class=\"_ _2\"></span>at t<span class=\"_ _2\"></span>he date<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> borro<span class=\"_ _2\"></span>wing<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws4f\">t<span class=\"_ _2\"></span>he tran<span class=\"_ _2\"></span>sactio<span class=\"_ _2\"></span>n has bee<span class=\"_ _2\"></span>n tre<span class=\"_ _2\"></span>ated </span></span>as col<span class=\"_ _2\"></span>late<span class=\"_ _2\"></span>ralis<span class=\"_ _2\"></span>ed deb<span class=\"_ _2\"></span>t. B<span class=\"_ _2\"></span>y No<span class=\"_ _2\"></span>vem<span class=\"_ _2\"></span>ber 30<span class=\"_ _2\"></span>, 202<span class=\"_ _2\"></span>5, t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup c<span class=\"_ _2\"></span>losed<span class=\"_ _2\"></span> o<span class=\"_ _2\"></span>n thre<span class=\"_ _2\"></span>e tr<span class=\"_ _2\"></span>anches<span class=\"_ _2\"></span>, r<span class=\"_ _2\"></span>aising<span class=\"_ _2\"></span> $140<span class=\"_ _2\"></span>.5 million<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws50\">whic<span class=\"_ _2\"></span>h wa<span class=\"_ _2\"></span>s used<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>o prep<span class=\"_ _2\"></span>ay one<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span>half <span class=\"_ _2\"></span>of the<span class=\"_ _2\"></span> HS4 L<span class=\"_ _2\"></span>oa<span class=\"_ _2\"></span>n Faci<span class=\"_ _2\"></span>lit<span class=\"_ _2\"></span>y and f<span class=\"_ _2\"></span>or g<span class=\"_ _2\"></span>ener<span class=\"_ _2\"></span>al c<span class=\"_ _2\"></span>orpora<span class=\"_ _2\"></span>te </span></span>purpo<span class=\"_ _2\"></span>ses. Sub<span class=\"_ _2\"></span>seque<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span> to Novem<span class=\"_ _2\"></span>be<span class=\"ws50\">r 30<span class=\"_ _2\"></span>, 202<span class=\"_ _2\"></span>5, t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup c<span class=\"_ _2\"></span>losed<span class=\"_ _2\"></span> on<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> remai<span class=\"_ _2\"></span>ning <span class=\"_ _2\"></span>five<span class=\"_ _2\"></span> tra<span class=\"_ _2\"></span>nches<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> </span>fully repaid the HS4 Loan Facility. See Note <span class=\"ls31 ws53\">34<span class=\"ls1 ws0\">. </span></span>On May<span class=\"_ _2\"></span> 22,<span class=\"_ _2\"></span> 202<span class=\"_ _2\"></span>5, the<span class=\"_ _2\"></span> Gr<span class=\"_ _2\"></span>oup ref<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>anced<span class=\"_ _2\"></span> its de<span class=\"_ _2\"></span>bt f<span class=\"_ _2\"></span>acili<span class=\"_ _2\"></span>ty wi<span class=\"_ _2\"></span>th D<span class=\"_ _2\"></span>anis<span class=\"_ _2\"></span>h Ship<span class=\"_ _2\"></span> Fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>ng A<span class=\"_ _2\"></span>/S. T<span class=\"_ _2\"></span>he refin<span class=\"_ _2\"></span>ancing<span class=\"_ _2\"></span> rais<span class=\"_ _2\"></span>ed a<span class=\"_ _2\"></span> fur<span class=\"_ _2\"></span>ther $<span class=\"_ _2\"></span>90.<span class=\"_ _2\"></span>0 mill<span class=\"_ _2\"></span>ion i<span class=\"_ _2\"></span>n de<span class=\"_ _2\"></span>bt th<span class=\"_ _2\"></span>rough<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> addi<span class=\"_ _2\"></span>tion o<span class=\"_ _2\"></span>f <span class=\"_ _2\"></span>two shi<span class=\"_ _2\"></span>ps <span class=\"_ _2\"></span>as co<span class=\"_ _2\"></span>llate<span class=\"_ _2\"></span>ral a<span class=\"_ _2\"></span>nd the top<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">up loan on five<span class=\"_ _2\"></span> existing c<span class=\"_ _2\"></span>ollateral ship<span class=\"_ _2\"></span>s. The fi<span class=\"_ _2\"></span>nanc<span class=\"ls30 ws4f\">ing<span class=\"_ _2\"></span> on the tw<span class=\"_ _2\"></span>o addit<span class=\"_ _2\"></span>ional<span class=\"_ _2\"></span> ships c<span class=\"_ _2\"></span>arrie<span class=\"_ _2\"></span>s a </span></span></span>fixed<span class=\"_ _2\"></span> inte<span class=\"_ _2\"></span>rest <span class=\"_ _2\"></span>rate<span class=\"_ _2\"></span> of le<span class=\"_ _2\"></span>ss<span class=\"_ _2\"></span> than 6<span class=\"_ _2\"></span>.0% <span class=\"_ _2\"></span>and h<span class=\"_ _2\"></span>as qu<span class=\"_ _2\"></span>arte<span class=\"_ _2\"></span>rly p<span class=\"_ _2\"></span>ayme<span class=\"_ _2\"></span>nts f<span class=\"_ _2\"></span>or <span class=\"_ _2\"></span>six ye<span class=\"_ _2\"></span>ars <span class=\"_ _2\"></span>and a<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nal b<span class=\"_ _2\"></span>alloo<span class=\"_ _2\"></span>n payment of $32<span class=\"_ _2\"></span>.7 million. <span class=\"_ _2\"></span>The refinancing<span class=\"_ _2\"></span> also exte<span class=\"_ _2\"></span>nded the matu<span class=\"_ _2\"></span>rity dates on t<span class=\"_ _2\"></span>he existing<span class=\"_ _2\"></span> loan tranc<span class=\"_ _2\"></span>hes to<span class=\"_ _2\"></span> betw<span class=\"_ _2\"></span>een<span class=\"ls1 ws0\"> <span class=\"ls31 ws53\">2029 </span></span><span class=\"ws52\">and<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">2<span class=\"_ _2\"></span>031. The pr<span class=\"_ _2\"></span>oceeds are for<span class=\"_ _2\"></span> general c<span class=\"_ _2\"></span>orporate purposes<span class=\"_ _2\"></span>.</span></span></span><span class=\"ws52\"><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"><span class=\"ls1 ws0\"> </span></span></span></span>As pa<span class=\"_ _2\"></span>rt of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> acqui<span class=\"_ _2\"></span>sitio<span class=\"_ _2\"></span>n of<span class=\"_ _2\"></span> HS4<span class=\"_ _2\"></span> on J<span class=\"_ _2\"></span>anua<span class=\"_ _2\"></span>ry 31<span class=\"_ _2\"></span>, 2025<span class=\"_ _2\"></span>, <span class=\"_ _2\"></span>a deb<span class=\"_ _2\"></span>t facil<span class=\"_ _2\"></span>ity o<span class=\"_ _2\"></span>f $1<span class=\"_ _2\"></span>82.0 m<span class=\"_ _2\"></span>ill<span class=\"_ _2\"></span>ion w<span class=\"_ _2\"></span>as consolidated in<span class=\"_ _2\"></span>to the Group.<span class=\"_ _2\"></span> The debt faci<span class=\"_ _2\"></span>lity was sec<span class=\"_ _2\"></span>ured by H<span class=\"_ _2\"></span>S4\u2019s eight s<span class=\"_ _2\"></span>hips at<span class=\"ff1a2 ls1 ws0\"> <span class=\"ls30 ws50\">the<span class=\"_ _2\"></span> secur<span class=\"_ _2\"></span>ed </span></span>overnig<span class=\"_ _2\"></span>ht<span class=\"_ _2\"></span> financ<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> (<span class=\"_ _1\"></span><span class=\"ls46 ws6f\">SOFR<span class=\"_ _2\"></span><span class=\"ls1 ws0\">) <span class=\"ls30 ws50\">plus a 2.<span class=\"_ _2\"></span>5% ma<span class=\"_ _2\"></span>rgin<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> due i<span class=\"_ _2\"></span>n 2<span class=\"_ _2\"></span>028. T<span class=\"_ _2\"></span>here w<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span> inte<span class=\"_ _2\"></span>rest<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span> </span></span></span></span>hedges <span class=\"_ _2\"></span>on 7<span class=\"_ _2\"></span>5% o<span class=\"_ _2\"></span>f the<span class=\"_ _2\"></span> loan<span class=\"_ _2\"></span>. T<span class=\"_ _2\"></span>he f<span class=\"_ _2\"></span>acility<span class=\"_ _2\"></span> wa<span class=\"_ _2\"></span>s ref<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nced i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> fou<span class=\"_ _2\"></span>rth q<span class=\"_ _2\"></span>uarte<span class=\"_ _2\"></span>r of<span class=\"_ _2\"></span> 202<span class=\"_ _2\"></span>5 and <span class=\"_ _2\"></span>subs<span class=\"_ _2\"></span>equent<span class=\"_ _2\"></span> to ye<span class=\"_ _2\"></span>ar e<span class=\"_ _2\"></span>nd.<span class=\"ls1 ws0\"> </span>On Ja<span class=\"_ _2\"></span>nuary<span class=\"_ _2\"></span> 24<span class=\"_ _2\"></span>, 2024<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up s<span class=\"_ _2\"></span>igned<span class=\"_ _2\"></span> a $3<span class=\"_ _2\"></span>7.5 mi<span class=\"_ _2\"></span>llio<span class=\"_ _2\"></span>n lo<span class=\"_ _2\"></span>an ag<span class=\"_ _2\"></span>reem<span class=\"_ _2\"></span>ent wi<span class=\"_ _2\"></span>th <span class=\"_ _2\"></span>Nordea<span class=\"_ _2\"></span> Bank<span class=\"_ _2\"></span> Abp <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>in a new fou<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\">-</span><span class=\"ws52\">and<span class=\"ls1 ws0\">-a<span class=\"_ _1\"></span>-<span class=\"ls30 ws52\">half</span>-<span class=\"ls47 ws82\">year l<span class=\"_ _1\"></span>oan with semi<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">annua<span class=\"_ _2\"></span>l p<span class=\"_ _2\"></span>ayment<span class=\"_ _2\"></span>s an<span class=\"_ _2\"></span>d a fi<span class=\"_ _2\"></span>nal<span class=\"_ _2\"></span> ball<span class=\"_ _2\"></span>oon p<span class=\"_ _2\"></span>ayment<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> </span></span></span></span></span>$27.<span class=\"ls1 ws0\">5 <span class=\"_ _3\"></span><span class=\"ls2f ws70\">m<span class=\"_ _2\"></span>illion. The lo<span class=\"_ _2\"></span>an is sec<span class=\"_ _2\"></span>ured by two <span class=\"_ _2\"></span>second<span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">hand s<span class=\"_ _2\"></span>hips p<span class=\"_ _2\"></span>ur<span class=\"_ _2\"></span>chased<span class=\"_ _2\"></span> in 20<span class=\"_ _2\"></span>23.<span class=\"_ _2\"></span> The <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> </span> </span></span></span>fixed the int<span class=\"_ _2\"></span>erest rate a<span class=\"_ _2\"></span>t 5.74%.<span class=\"ls1 ws0\"> </span>On June 29,<span class=\"_ _2\"></span> 2023, the <span class=\"_ _2\"></span>Group received E<span class=\"_ _2\"></span>UR 13.2 m<span class=\"_ _2\"></span>illion in p<span class=\"_ _2\"></span>roceeds from <span class=\"_ _2\"></span>the financing<span class=\"_ _2\"></span> of <span class=\"ff1a4 ls53 ws80\">S<span class=\"_ _2\"></span>tolt<span class=\"_ _2\"></span> </span>Ludwig<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>hafe<span class=\"_ _2\"></span>n<span class=\"ff1a2 ls30 ws50\">, a <span class=\"_ _2\"></span>newbui<span class=\"_ _2\"></span>lding<span class=\"_ _2\"></span> che<span class=\"_ _2\"></span>mic<span class=\"_ _2\"></span>al ta<span class=\"_ _2\"></span>nker/b<span class=\"_ _2\"></span>arge<span class=\"_ _2\"></span>. The<span class=\"_ _2\"></span> agre<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt is<span class=\"_ _2\"></span> wit<span class=\"_ _2\"></span>h Kf<span class=\"_ _2\"></span>W IPEX<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span><span class=\"ws4f\">Bank GmbH.<span class=\"_ _2\"></span> </span></span>The term lo<span class=\"_ _2\"></span>an has fixed<span class=\"_ _2\"></span> interest <span class=\"_ _2\"></span>of 4.97% <span class=\"_ _2\"></span>and is for<span class=\"_ _2\"></span> 15 years.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>On August 3,<span class=\"_ _2\"></span> 2022, the <span class=\"_ _2\"></span>Group signed <span class=\"_ _2\"></span>a $66.0 millio<span class=\"_ _2\"></span>n top<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">up of the<span class=\"_ _2\"></span> </span>t<span class=\"ls30 ws52\">erm </span>l<span class=\"_ _1\"></span><span class=\"ls47\">oan with<span class=\"_ _1\"></span> Danish S<span class=\"_ _1\"></span>hip </span></span>Finance<span class=\"_ _2\"></span> A/<span class=\"_ _2\"></span>S, inc<span class=\"_ _2\"></span>reasi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>term<span class=\"_ _2\"></span> loan<span class=\"_ _2\"></span> to<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">$168.7 millio<span class=\"_ _2\"></span>n and exten<span class=\"_ _2\"></span>ding the ma<span class=\"_ _2\"></span>turity profile<span class=\"_ _2\"></span> to </span></span>June<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">2027.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span> loa<span class=\"_ _2\"></span>n was d<span class=\"_ _2\"></span>raw<span class=\"_ _2\"></span>n in 2<span class=\"_ _2\"></span>022 <span class=\"_ _2\"></span>to fi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>e the<span class=\"_ _2\"></span> purc<span class=\"_ _2\"></span>hase<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>two <span class=\"_ _2\"></span>seco<span class=\"_ _2\"></span>nd</span>-<span class=\"ls30 ws4f\">hand ship<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> for </span></span>gener<span class=\"_ _2\"></span>al corp<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>ate pu<span class=\"_ _2\"></span>rpose<span class=\"_ _2\"></span>s. A<span class=\"_ _2\"></span>t t<span class=\"_ _2\"></span>he tim<span class=\"_ _2\"></span>e of d<span class=\"_ _2\"></span>rawd<span class=\"_ _2\"></span>own<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> inte<span class=\"_ _2\"></span>rest <span class=\"_ _2\"></span>rate w<span class=\"_ _2\"></span>as <span class=\"_ _2\"></span>fixed<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span>As a p<span class=\"_ _2\"></span>art o<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he<span class=\"ls1 ws0\"> </span><span class=\"ws52\">sustai<span class=\"_ _2\"></span>nabili<span class=\"_ _2\"></span>ty<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2f ws70\">link<span class=\"_ _2\"></span>ed secured lo<span class=\"_ _2\"></span>an agreeme<span class=\"_ _2\"></span>nt <span class=\"ls30 ws50\">ente<span class=\"_ _2\"></span>red i<span class=\"_ _2\"></span>nto <span class=\"_ _2\"></span>on Feb<span class=\"_ _2\"></span>ru<span class=\"_ _2\"></span>ary 16<span class=\"_ _2\"></span>, 202<span class=\"_ _2\"></span>2, <span class=\"_ _2\"></span></span><span class=\"ws4e\">the </span></span></span></span>Group drew $180.9 million on <span class=\"ls1 ws0\">a <span class=\"_ _1\"></span><span class=\"ls30 ws50\">t<span class=\"_ _2\"></span>erm l<span class=\"_ _2\"></span>oan <span class=\"ls31 ws51\">in <span class=\"_ _2\"></span>March 2022. <span class=\"ls2f ws70\">At the s<span class=\"_ _2\"></span>ame time, t<span class=\"_ _2\"></span>he Group sw<span class=\"_ _2\"></span>apped the </span></span></span></span>floating inte<span class=\"_ _2\"></span>rest of the<span class=\"_ _2\"></span> term loan <span class=\"_ _2\"></span>into a fixed<span class=\"_ _2\"></span> rate<span class=\"ls4c ws79\">. <span class=\"ls30 ws50\">The ne<span class=\"_ _2\"></span>w te<span class=\"_ _2\"></span>rm l<span class=\"_ _2\"></span>oan<span class=\"_ _2\"></span> is a<span class=\"_ _2\"></span> five<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls4b ws77\">and</span>-a<span class=\"_ _1\"></span>-<span class=\"ls30 ws52\">half</span>-<span class=\"ls30 ws4f\">year term<span class=\"_ _2\"></span> </span></span></span></span>loan with semi<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">annual p<span class=\"_ _2\"></span>ayme<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span>.</span> </span>During<span class=\"_ _2\"></span> Feb<span class=\"_ _2\"></span>ruary<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> March<span class=\"_ _2\"></span> 201<span class=\"_ _2\"></span>9, <span class=\"_ _2\"></span>the G<span class=\"_ _2\"></span>roup <span class=\"_ _2\"></span>recei<span class=\"_ _2\"></span>ved $<span class=\"_ _2\"></span>241.6<span class=\"_ _2\"></span> mi<span class=\"_ _2\"></span>llion<span class=\"_ _2\"></span> unde<span class=\"_ _2\"></span>r a f<span class=\"_ _2\"></span>ixed<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>rate bo<span class=\"_ _2\"></span>rrow<span class=\"_ _2\"></span>ing agreeme<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span>, <span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>nvolvi<span class=\"_ _2\"></span>ng<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">eight ships.<span class=\"_ _2\"></span> The</span> <span class=\"ls2f ws75\">agreement is</span> </span><span class=\"ws50\">with D<span class=\"_ _2\"></span>evelop<span class=\"_ _2\"></span>ment <span class=\"_ _2\"></span>Bank <span class=\"_ _2\"></span>of J<span class=\"_ _2\"></span>apan,<span class=\"_ _2\"></span> ING<span class=\"_ _2\"></span> Bank<span class=\"_ _2\"></span> </span>N.V.,<span class=\"_ _2\"></span> Nati<span class=\"_ _2\"></span>onal<span class=\"_ _2\"></span> Aust<span class=\"_ _2\"></span>ralia<span class=\"_ _2\"></span> Bank<span class=\"_ _2\"></span>, So<span class=\"_ _2\"></span>ci\u00e9t\u00e9 <span class=\"_ _2\"></span>G\u00e9n\u00e9r<span class=\"_ _2\"></span>ale <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>a gro<span class=\"_ _2\"></span>up of<span class=\"_ _2\"></span> pri<span class=\"_ _2\"></span>vate<span class=\"_ _2\"></span> inves<span class=\"_ _2\"></span>tors<span class=\"_ _2\"></span> at f<span class=\"_ _2\"></span>ixed<span class=\"_ _2\"></span> inte<span class=\"_ _2\"></span>rest rates <span class=\"_ _2\"></span>rangi<span class=\"_ _2\"></span>ng f<span class=\"_ _2\"></span>rom 4<span class=\"_ _2\"></span>.16%<span class=\"_ _2\"></span> to 4.2<span class=\"_ _2\"></span>7%.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span>re a<span class=\"_ _2\"></span>re equ<span class=\"_ _2\"></span>al q<span class=\"_ _2\"></span>uarte<span class=\"_ _2\"></span>rly p<span class=\"_ _2\"></span>aym<span class=\"_ _2\"></span>ents fo<span class=\"_ _2\"></span>r eac<span class=\"_ _2\"></span>h s<span class=\"_ _2\"></span>hip f<span class=\"_ _2\"></span>or <span class=\"_ _2\"></span>an ave<span class=\"_ _2\"></span>rag<span class=\"_ _2\"></span>e teno<span class=\"ls4a ws74\">r<span class=\"_ _2\"></span> of<span class=\"ls1 ws0\"> </span></span><span class=\"ws50\">eight ye<span class=\"_ _2\"></span>ars<span class=\"_ _2\"></span>. At<span class=\"_ _2\"></span> the e<span class=\"_ _2\"></span>nd o<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he agre<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt, t<span class=\"_ _2\"></span>he<span class=\"ls1 ws0\"> </span>Group<span class=\"_ _2\"></span> has<span class=\"_ _2\"></span> an op<span class=\"_ _2\"></span>tion <span class=\"_ _2\"></span>to p<span class=\"_ _2\"></span>urch<span class=\"_ _2\"></span>ase t<span class=\"_ _2\"></span>he shi<span class=\"_ _2\"></span>ps b<span class=\"_ _2\"></span>y </span>paying fixed <span class=\"_ _2\"></span>amounts. As<span class=\"_ _2\"></span> th<span class=\"ls4a ws74\">e opt<span class=\"_ _2\"></span>ion to<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">repurch<span class=\"_ _2\"></span>ase w<span class=\"_ _2\"></span>as vi<span class=\"_ _2\"></span>rtual<span class=\"_ _2\"></span>ly c<span class=\"_ _2\"></span>ertain<span class=\"_ _2\"></span> to b<span class=\"_ _2\"></span>e ex<span class=\"_ _2\"></span>erci<span class=\"_ _2\"></span>sed by<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> </span></span></span>Group<span class=\"_ _2\"></span> at t<span class=\"_ _2\"></span>he<span class=\"ls1 ws0\"> </span><span class=\"ws4f\">date of the<span class=\"_ _2\"></span> borr<span class=\"_ _2\"></span>owing<span class=\"_ _2\"></span>, the tr<span class=\"_ _2\"></span>ansac<span class=\"_ _2\"></span>tion ha<span class=\"_ _2\"></span>s bee<span class=\"_ _2\"></span>n trea<span class=\"_ _2\"></span>ted as<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">collateralised d<span class=\"_ _2\"></span>ebt. </span></span></span>This<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">debt ref<span class=\"_ _2\"></span>inance<span class=\"_ _2\"></span>d t<span class=\"_ _2\"></span>he ac<span class=\"_ _2\"></span>quisi<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n deb<span class=\"_ _2\"></span>t rel<span class=\"_ _2\"></span>ating<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he</span> <span class=\"ls30 ws50\">Jo T<span class=\"_ _2\"></span>anke<span class=\"_ _2\"></span>rs acq<span class=\"_ _2\"></span>uisi<span class=\"_ _2\"></span>tion i<span class=\"_ _2\"></span>n 2<span class=\"_ _2\"></span>016.<span class=\"_ _195\"> </span></span></span>(ii<span class=\"ls1 ws0\">) <span class=\"ls46 ws6f\">Prefer<span class=\"_ _2\"></span>red <span class=\"ls4b ws77\">shi<span class=\"_ _2\"></span>p <span class=\"ls4c ws79\">variable</span></span></span> <span class=\"ls46 ws89\">rate mo<span class=\"_ _2\"></span>rtg<span class=\"_ _2\"></span>ages<span class=\"_ _2\"></span></span> </span>During<span class=\"_ _2\"></span> the f<span class=\"_ _2\"></span>ou<span class=\"_ _2\"></span>rth q<span class=\"_ _2\"></span>uarte<span class=\"_ _2\"></span>r of<span class=\"_ _2\"></span> 202<span class=\"_ _2\"></span>5, the<span class=\"_ _2\"></span> Ave<span class=\"_ _2\"></span>nir <span class=\"_ _2\"></span>refi<span class=\"_ _2\"></span>nanced<span class=\"_ _2\"></span> its<span class=\"_ _2\"></span> thre<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">year bridge fi<span class=\"_ _2\"></span>nancing (Avenir<span class=\"_ _2\"></span> </span></span>Bridge<span class=\"_ _2\"></span> Fina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>ng) whi<span class=\"_ _2\"></span>ch <span class=\"_ _2\"></span>had u<span class=\"_ _2\"></span>sed t<span class=\"_ _2\"></span>he <span class=\"ff1a9 ls49 ws7c\">A<span class=\"_ _2\"></span>veni<span class=\"_ _2\"></span>r Aspi<span class=\"_ _2\"></span>rat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span></span><span class=\"ls1 ws0\"> </span><span class=\"ws52\">and <span class=\"ff1a9 ls2f ws2f\">Avenir Achievement </span></span>as<span class=\"_ _2\"></span> coll<span class=\"_ _2\"></span>atera<span class=\"_ _2\"></span>l. Avenir<span class=\"ls1 ws0\"> </span><span class=\"ws70\">signed a $35.0 m<span class=\"_ _2\"></span>illion <span class=\"ls1 ws0\">r<span class=\"ls30 ws52\">educi<span class=\"_ _2\"></span>ng </span>r<span class=\"_ _1\"></span><span class=\"ls53 ws80\">evol<span class=\"_ _2\"></span>ver<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ls1 ws0\">f<span class=\"ls2f ws4e\">acility <span class=\"ls31 ws51\">(Avenir Revolver) on November 26, 2025 with </span></span></span></span></span></span>Danske<span class=\"_ _2\"></span> Bank<span class=\"_ _2\"></span> us<span class=\"_ _2\"></span>ing th<span class=\"_ _2\"></span>e <span class=\"ff1a9 ls49 ws7c\">A<span class=\"_ _2\"></span>venir<span class=\"_ _2\"></span> Asp<span class=\"_ _2\"></span>irati<span class=\"_ _2\"></span>on </span><span class=\"ls2f ws70\">as coll<span class=\"_ _2\"></span>ateral. The<span class=\"_ _2\"></span> facility i<span class=\"_ _2\"></span>s for seven<span class=\"_ _2\"></span> years and <span class=\"_ _2\"></span>has loan<span class=\"ls1 ws0\">-<span class=\"ls55 ws73\">to</span>-<span class=\"_ _195\"> </span></span></span>value of 65<span class=\"_ _2\"></span>%. Also, on <span class=\"_ _2\"></span>November 17,<span class=\"_ _2\"></span> 2025, Avenir<span class=\"_ _2\"></span> signed a<span class=\"_ _2\"></span> $49.0 million<span class=\"_ _2\"></span> sale and le<span class=\"_ _2\"></span>aseback facili<span class=\"_ _2\"></span>ty wi<span class=\"ls30 ws50\">th Kow<span class=\"_ _2\"></span>a Com<span class=\"_ _2\"></span>pany<span class=\"_ _2\"></span>, Ltd.<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span>refi<span class=\"_ _2\"></span>nance <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> <span class=\"ff1a9 ls49 wsaa\">Ave<span class=\"_ _2\"></span>nir A<span class=\"_ _2\"></span>chie<span class=\"_ _2\"></span>vem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span></span>. At t<span class=\"_ _2\"></span>he e<span class=\"_ _2\"></span>nd of<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>agre<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span>, t<span class=\"_ _2\"></span>he </span>Group<span class=\"_ _2\"></span> has <span class=\"_ _2\"></span>an op<span class=\"_ _2\"></span>tion <span class=\"_ _2\"></span>to p<span class=\"_ _2\"></span>urch<span class=\"_ _2\"></span>ase t<span class=\"_ _2\"></span>he shi<span class=\"_ _2\"></span>ps b<span class=\"_ _2\"></span>y p<span class=\"_ _2\"></span>aying<span class=\"_ _2\"></span> a fix<span class=\"_ _2\"></span>ed am<span class=\"_ _2\"></span>oun<span class=\"_ _2\"></span>t. As <span class=\"_ _2\"></span>the op<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n to<span class=\"_ _2\"></span> rep<span class=\"_ _2\"></span>urcha<span class=\"_ _2\"></span>se was vi<span class=\"_ _2\"></span>rtual<span class=\"_ _2\"></span>ly c<span class=\"_ _2\"></span>ertai<span class=\"_ _2\"></span>n to<span class=\"_ _2\"></span> be <span class=\"_ _2\"></span>exerci<span class=\"_ _2\"></span>sed b<span class=\"_ _2\"></span>y the<span class=\"_ _2\"></span> Gr<span class=\"_ _2\"></span>oup at<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> date<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>the b<span class=\"_ _2\"></span>orro<span class=\"_ _2\"></span>wing<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> tran<span class=\"_ _2\"></span>sact<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>has been treated a<span class=\"_ _2\"></span>s collaterali<span class=\"_ _2\"></span>sed debt.<span class=\"ls1 ws0\"> </span>On November 12, 2025, Avenir signed a $128.0 million pre<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">delivery sale <span class=\"_ _2\"></span>and leaseback f<span class=\"_ _2\"></span>acility for<span class=\"_ _2\"></span> </span></span>the two<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">n<span class=\"ls2f ws4e\">ewbuilding <span class=\"ls30 ws50\">ships c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>ntly<span class=\"_ _2\"></span> being<span class=\"_ _2\"></span> bui<span class=\"_ _2\"></span>lt b<span class=\"_ _2\"></span>y Na<span class=\"_ _2\"></span>ntung<span class=\"_ _2\"></span> Xi<span class=\"_ _2\"></span>angyu <span class=\"_ _2\"></span>Shipy<span class=\"_ _2\"></span>ard. T<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> facil<span class=\"_ _2\"></span>ity<span class=\"_ _2\"></span> has be<span class=\"_ _2\"></span>en </span></span></span>arrang<span class=\"_ _2\"></span>ed wi<span class=\"_ _2\"></span>th A<span class=\"_ _2\"></span>VIC Fi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>ial L<span class=\"_ _2\"></span>easi<span class=\"_ _2\"></span>ng, m<span class=\"_ _2\"></span>atu<span class=\"_ _2\"></span>res in<span class=\"_ _2\"></span> 10 ye<span class=\"_ _2\"></span>ars<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> wil<span class=\"_ _2\"></span>l all<span class=\"_ _2\"></span>ow fo<span class=\"_ _2\"></span>r d<span class=\"_ _2\"></span>rawdow<span class=\"_ _2\"></span>ns fo<span class=\"_ _2\"></span>r fu<span class=\"_ _2\"></span>ture<span class=\"_ _2\"></span> n<span class=\"_ _1\"></span><span class=\"ls2f ws4e\">ewbuildi<span class=\"_ _2\"></span>ng <span class=\"ls30 ws50\">deposi<span class=\"_ _2\"></span>ts. At<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> mat<span class=\"_ _2\"></span>urity d<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span> h<span class=\"_ _2\"></span>as an op<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>on to<span class=\"_ _2\"></span> rep<span class=\"_ _2\"></span>urcha<span class=\"_ _2\"></span>se the<span class=\"_ _2\"></span> shi<span class=\"_ _2\"></span>ps a<span class=\"_ _2\"></span>t a </span></span>fixed<span class=\"_ _2\"></span> amou<span class=\"_ _2\"></span>nt. As<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> opti<span class=\"_ _2\"></span>on to<span class=\"_ _2\"></span> re<span class=\"_ _2\"></span>purch<span class=\"_ _2\"></span>ase i<span class=\"_ _2\"></span>s v<span class=\"_ _2\"></span>irtu<span class=\"_ _2\"></span>ally ce<span class=\"_ _2\"></span>rtai<span class=\"_ _2\"></span>n to<span class=\"_ _2\"></span> be<span class=\"_ _2\"></span> exerc<span class=\"_ _2\"></span>ised<span class=\"_ _2\"></span> by t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup<span class=\"_ _2\"></span> at the<span class=\"_ _2\"></span> date o<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he bor<span class=\"_ _2\"></span>rowi<span class=\"_ _2\"></span>ng<span class=\"ls2f ws70\">, t<span class=\"_ _2\"></span>he transaction will<span class=\"_ _2\"></span> be treat<span class=\"_ _2\"></span>ed as coll<span class=\"_ _2\"></span>ateralised debt<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></span>On December 5,<span class=\"_ _2\"></span> 2024, the <span class=\"_ _2\"></span>Group completed<span class=\"_ _2\"></span> the ea<span class=\"_ _2\"></span>rly repayment <span class=\"_ _2\"></span>of a port<span class=\"_ _2\"></span>ion of <span class=\"_ _2\"></span>the <span class=\"ls30 ws50\">CMB<span class=\"_ _2\"></span> Fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al </span>Leasing<span class=\"_ _2\"></span> <span class=\"ls48 ws72\">Co. <span class=\"_ _1\"></span><span class=\"ws92\">Ltd<span class=\"_ _2\"></span>. (CMBFL<span class=\"_ _2\"></span>) <span class=\"ls2f ws70\">debt for fo<span class=\"_ _2\"></span>ur ships for<span class=\"_ _2\"></span> $103.0 millio<span class=\"_ _2\"></span>n, including <span class=\"_ _2\"></span>accrued in<span class=\"_ _2\"></span>terest. </span></span></span>Additio<span class=\"_ _2\"></span>nal<span class=\"_ _2\"></span>ly, o<span class=\"_ _2\"></span>n Dec<span class=\"_ _2\"></span>ember<span class=\"_ _2\"></span> 31,<span class=\"_ _2\"></span> 20<span class=\"_ _2\"></span>24 and<span class=\"_ _2\"></span> Ja<span class=\"_ _2\"></span>nuary<span class=\"_ _2\"></span> 2, 20<span class=\"_ _2\"></span>25, t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> refi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>ed the<span class=\"_ _2\"></span> deb<span class=\"_ _2\"></span>t on <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> remai<span class=\"_ _2\"></span>ning s<span class=\"_ _2\"></span>hips.<span class=\"_ _2\"></span> As<span class=\"_ _2\"></span> a re<span class=\"_ _2\"></span>sult<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> inte<span class=\"_ _2\"></span>rest<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span> on t<span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>ships<span class=\"_ _2\"></span> has b<span class=\"_ _2\"></span>een f<span class=\"_ _2\"></span>ixed<span class=\"_ _2\"></span> at <span class=\"_ _2\"></span>less<span class=\"_ _2\"></span> than 6<span class=\"_ _2\"></span>.0%<span class=\"_ _2\"></span> a<span class=\"ws4f\">nd<span class=\"_ _2\"></span> the </span>margi<span class=\"_ _2\"></span>n on<span class=\"_ _2\"></span> the l<span class=\"_ _2\"></span>ast <span class=\"_ _2\"></span>three <span class=\"_ _2\"></span>ships<span class=\"_ _2\"></span>, w<span class=\"_ _2\"></span>hich<span class=\"_ _2\"></span> rem<span class=\"_ _2\"></span>ain fl<span class=\"_ _2\"></span>oating<span class=\"_ _2\"></span>, w<span class=\"_ _2\"></span>as low<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>d. I<span class=\"_ _2\"></span>n 2025<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up f<span class=\"_ _2\"></span>ull<span class=\"ls1 ws0\">y </span><span class=\"ws52\">repaid<span class=\"_ _2\"></span> </span>the CM<span class=\"_ _2\"></span>BFL d<span class=\"_ _2\"></span>ebt f<span class=\"_ _2\"></span>acili<span class=\"_ _2\"></span>ty.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>As part of <span class=\"_ _2\"></span>the acquisitio<span class=\"_ _2\"></span>n of Ave<span class=\"_ _2\"></span>nir on February 6<span class=\"_ _2\"></span>, 2025,<span class=\"_ _2\"></span> debt facilities<span class=\"_ _2\"></span> of $142.1 mill<span class=\"_ _2\"></span>ion we<span class=\"_ _2\"></span>re consolidated into the Group. Of the total, $60.0 millio<span class=\"_ _2\"></span>n consisted primarily of three<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2f ws70\">year<span class=\"_ _2\"></span> bridge </span></span>financ<span class=\"_ _2\"></span>ing usi<span class=\"_ _2\"></span>ng the<span class=\"_ _2\"></span> <span class=\"ff1a9 ls54 ws70\">Avenir Aspiration</span><span class=\"ls1 ws0\"> </span><span class=\"ws52\">and <span class=\"ff1a9 ls49 wsaa\">Avenir<span class=\"_ _2\"></span> Ac<span class=\"_ _2\"></span>hie<span class=\"_ _2\"></span>vement<span class=\"_ _2\"></span></span><span class=\"ls1 ws0\"> </span><span class=\"ws50\">as col<span class=\"_ _2\"></span>later<span class=\"_ _2\"></span>al. B<span class=\"_ _2\"></span>oth b<span class=\"_ _2\"></span>ore i<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>rest <span class=\"_ _2\"></span>at </span></span>SOFR plus a m<span class=\"_ _2\"></span>argin of<span class=\"_ _2\"></span> 2.75%. Th<span class=\"_ _2\"></span>ese facilities were<span class=\"_ _2\"></span> refinanced i<span class=\"_ _2\"></span>n November 202<span class=\"_ _2\"></span>5. Aveni<span class=\"_ _2\"></span>r also had $25.4<span class=\"_ _2\"></span> milli<span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>outst<span class=\"_ _2\"></span>anding<span class=\"_ _2\"></span> on<span class=\"_ _2\"></span> a f<span class=\"_ _2\"></span>acili<span class=\"_ _2\"></span>ty wi<span class=\"_ _2\"></span>th D<span class=\"_ _2\"></span>anske <span class=\"_ _2\"></span>Bank <span class=\"_ _2\"></span>usi<span class=\"_ _2\"></span>ng the<span class=\"_ _2\"></span> <span class=\"ff1a9 ls49 wsaa\">Av<span class=\"_ _2\"></span>enir<span class=\"_ _2\"></span> Ad<span class=\"_ _2\"></span>vant<span class=\"_ _2\"></span>age</span><span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">as collater<span class=\"_ _2\"></span>al.</span> </span>Aveni<span class=\"_ _2\"></span>r also ha<span class=\"_ _2\"></span>s a flo<span class=\"_ _2\"></span>ating ra<span class=\"_ _2\"></span>te sal<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2f ws70\">le<span class=\"_ _2\"></span>aseback facili<span class=\"_ _2\"></span>ty with Primer<span class=\"_ _2\"></span> Maritime <span class=\"_ _2\"></span>PVT using <span class=\"ff1a9 ls49 ws78\">A<span class=\"_ _2\"></span>veni<span class=\"_ _2\"></span>r </span></span></span>Accolade<span class=\"ff1a8 ls1 ws0\"> <span class=\"ls30 ws52\">and </span></span><span class=\"ls57 wsad\">Av<span class=\"_ _1\"></span>eni<span class=\"_ _1\"></span>r Ascen<span class=\"_ _1\"></span>sion<span class=\"ff1a8 ls1 ws0\"> <span class=\"_ _3\"></span><span class=\"ls2f ws70\">a<span class=\"_ _2\"></span>s collateral.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Repayment is monthly ov<span class=\"_ _2\"></span>er a term <span class=\"_ _2\"></span>of seventee<span class=\"_ _2\"></span>n years </span></span></span>at SO<span class=\"_ _2\"></span>FR pl<span class=\"_ _2\"></span>us a m<span class=\"_ _2\"></span>argi<span class=\"_ _2\"></span>n of<span class=\"_ _2\"></span> 1.9<span class=\"_ _2\"></span>%. T<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup h<span class=\"_ _2\"></span>as a<span class=\"_ _2\"></span>n opti<span class=\"_ _2\"></span>on t<span class=\"_ _2\"></span>o rep<span class=\"_ _2\"></span>urchas<span class=\"_ _2\"></span>e t<span class=\"_ _2\"></span>he sh<span class=\"_ _2\"></span>ips f<span class=\"_ _2\"></span>rom<span class=\"_ _2\"></span> the e<span class=\"_ _2\"></span>nd of<span class=\"_ _2\"></span> the se<span class=\"_ _2\"></span>cond y<span class=\"_ _2\"></span>ea<span class=\"_ _2\"></span>r and<span class=\"_ _2\"></span> a pu<span class=\"_ _2\"></span>rchase<span class=\"_ _2\"></span> o<span class=\"_ _2\"></span>bligat<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>at th<span class=\"_ _2\"></span>e end<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>the te<span class=\"_ _2\"></span>rm.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws75\">Due to t<span class=\"_ _1\"></span>he exis<span class=\"_ _2\"></span>tence of a </span></span>purchase obligat<span class=\"_ _2\"></span>ion, the <span class=\"_ _2\"></span>transaction w<span class=\"_ _2\"></span>as treated as<span class=\"_ _2\"></span> collateralised<span class=\"_ _2\"></span> debt.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>During<span class=\"_ _2\"></span> Marc<span class=\"_ _2\"></span>h 20<span class=\"_ _2\"></span>21, t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> close<span class=\"_ _2\"></span>d a $7<span class=\"_ _2\"></span>7.0<span class=\"_ _2\"></span> mill<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> floati<span class=\"_ _2\"></span>ng<span class=\"ls1 ws0\"> </span>rate<span class=\"_ _2\"></span> faci<span class=\"_ _2\"></span>lity<span class=\"_ _2\"></span> wit<span class=\"_ _2\"></span>h CMB<span class=\"_ _2\"></span>FL inc<span class=\"_ _2\"></span>ludi<span class=\"_ _2\"></span>ng three <span class=\"_ _2\"></span>newly<span class=\"_ _2\"></span> acq<span class=\"_ _2\"></span>uired<span class=\"_ _2\"></span> CT<span class=\"_ _2\"></span>G ships<span class=\"_ _2\"></span>. T<span class=\"_ _2\"></span>here a<span class=\"_ _2\"></span>re qu<span class=\"_ _2\"></span>arte<span class=\"_ _2\"></span>rly <span class=\"_ _2\"></span>repaym<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span> for <span class=\"_ _2\"></span>eac<span class=\"_ _2\"></span>h ship<span class=\"_ _2\"></span> ove<span class=\"_ _2\"></span>r te<span class=\"_ _2\"></span>n year<span class=\"_ _2\"></span>s whereby<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e Gro<span class=\"_ _2\"></span>up h<span class=\"_ _2\"></span>as an <span class=\"_ _2\"></span>optio<span class=\"_ _2\"></span>n to p<span class=\"_ _2\"></span>urc<span class=\"_ _2\"></span>hase <span class=\"_ _2\"></span>the s<span class=\"_ _2\"></span>hips<span class=\"_ _2\"></span> by p<span class=\"_ _2\"></span>ayin<span class=\"_ _2\"></span>g $12<span class=\"_ _2\"></span>.8 mi<span class=\"_ _2\"></span>llion<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>r each<span class=\"_ _2\"></span> ship<span class=\"_ _2\"></span>. As<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">t<span class=\"_ _2\"></span>he opt<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span>repurc<span class=\"_ _2\"></span>hase<span class=\"_ _2\"></span> was <span class=\"_ _2\"></span>virtu<span class=\"_ _2\"></span>ally c<span class=\"_ _2\"></span>ert<span class=\"_ _2\"></span>ain <span class=\"_ _2\"></span>to be<span class=\"_ _2\"></span> exe<span class=\"_ _2\"></span>rcised<span class=\"_ _2\"></span> by<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls53 ws7d\">the Group at the<span class=\"_ _2\"></span> date of the<span class=\"_ _2\"></span> </span></span></span></span>borrow<span class=\"_ _2\"></span>ing, <span class=\"_ _2\"></span>the t<span class=\"_ _2\"></span>rans<span class=\"_ _2\"></span>acti<span class=\"_ _2\"></span>on has<span class=\"_ _2\"></span> b<span class=\"_ _2\"></span>een tre<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> as c<span class=\"_ _2\"></span>olla<span class=\"_ _2\"></span>teral<span class=\"_ _2\"></span>ised d<span class=\"_ _2\"></span>eb<span class=\"_ _2\"></span>t.<span class=\"ls1 ws0\"> </span>This f<span class=\"_ _2\"></span>acility<span class=\"_ _2\"></span> wa<span class=\"_ _2\"></span>s rep<span class=\"_ _2\"></span>aid e<span class=\"_ _2\"></span>arly<span class=\"_ _2\"></span> in December 2024.<span class=\"ls1 ws0\"> </span>In August 201<span class=\"_ _2\"></span>9, the G<span class=\"_ _2\"></span>roup close<span class=\"_ _2\"></span>d a $415.6 milli<span class=\"_ _2\"></span>on floating<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>rate facility with CMB<span class=\"_ _2\"></span><span class=\"ls30 ws52\">FL<span class=\"ws50\">, i<span class=\"_ _2\"></span>nvol<span class=\"_ _2\"></span>ving <span class=\"ls31 ws53\">20<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span>ships.<span class=\"_ _2\"></span> There<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> equ<span class=\"_ _2\"></span>al qu<span class=\"_ _2\"></span>arter<span class=\"_ _2\"></span>ly <span class=\"_ _2\"></span>payme<span class=\"_ _2\"></span>nts f<span class=\"_ _2\"></span>or eac<span class=\"_ _2\"></span>h shi<span class=\"_ _2\"></span>p fo<span class=\"_ _2\"></span>r a<span class=\"_ _2\"></span>n av<span class=\"_ _2\"></span>erage<span class=\"_ _2\"></span> teno<span class=\"_ _2\"></span>r of <span class=\"_ _2\"></span>seve<span class=\"_ _2\"></span>n year<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> floating inte<span class=\"_ _2\"></span>rest rates. <span class=\"ls30 ws50\">At<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> end<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he ag<span class=\"_ _2\"></span>reeme<span class=\"_ _2\"></span>nt,<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> has<span class=\"_ _2\"></span> an <span class=\"_ _2\"></span>option <span class=\"_ _2\"></span>to p<span class=\"_ _2\"></span>urch<span class=\"_ _2\"></span>ase t<span class=\"_ _2\"></span>he s<span class=\"_ _2\"></span>hips </span>by pay<span class=\"_ _2\"></span>ing fi<span class=\"_ _2\"></span>xed<span class=\"_ _2\"></span> amo<span class=\"_ _2\"></span>unts.<span class=\"_ _2\"></span> As <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>optio<span class=\"_ _2\"></span>n to<span class=\"_ _2\"></span> repurc<span class=\"_ _2\"></span>has<span class=\"_ _2\"></span>e was<span class=\"_ _2\"></span> vi<span class=\"_ _2\"></span>rtuall<span class=\"_ _2\"></span>y cer<span class=\"_ _2\"></span>tain<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">to be exe<span class=\"_ _2\"></span>rcised by <span class=\"_ _2\"></span>the </span></span>Group<span class=\"_ _2\"></span> at t<span class=\"_ _2\"></span>he da<span class=\"_ _2\"></span>te o<span class=\"_ _2\"></span>f the<span class=\"_ _2\"></span> borr<span class=\"_ _2\"></span>owi<span class=\"_ _2\"></span>ng, t<span class=\"_ _2\"></span>he tr<span class=\"_ _2\"></span>ansac<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n has<span class=\"_ _2\"></span> been <span class=\"_ _2\"></span>tre<span class=\"_ _2\"></span>ated <span class=\"_ _2\"></span>as co<span class=\"_ _2\"></span>llate<span class=\"_ _2\"></span>rali<span class=\"_ _2\"></span>sed d<span class=\"_ _2\"></span>ebt.<span class=\"_ _2\"></span> The l<span class=\"_ _2\"></span>oan was us<span class=\"_ _2\"></span>ed t<span class=\"_ _2\"></span>o pay<span class=\"_ _2\"></span> dow<span class=\"_ _2\"></span>n ex<span class=\"_ _2\"></span>isting<span class=\"_ _2\"></span> deb<span class=\"_ _2\"></span>t and<span class=\"_ _2\"></span> for g<span class=\"_ _2\"></span>ener<span class=\"_ _2\"></span>al co<span class=\"_ _2\"></span>rpor<span class=\"_ _2\"></span>ate p<span class=\"_ _2\"></span>urpose<span class=\"_ _2\"></span>s.<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">This loa<span class=\"_ _2\"></span>n was partially </span></span>repaid in 2025. <span class=\"ls1 ws0\"> </span>(ii<span class=\"ls1 ws0\">i)<span class=\"_ _1\"></span> <span class=\"ls46 ws92\">Seni<span class=\"_ _2\"></span>or se<span class=\"_ _2\"></span>cu<span class=\"_ _2\"></span>red c<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>dit f<span class=\"_ _2\"></span>acil<span class=\"_ _2\"></span>itie<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span></span> </span>On July<span class=\"_ _2\"></span> 9<span class=\"_ _2\"></span>, 2024<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up <span class=\"_ _2\"></span>refina<span class=\"_ _2\"></span>nced <span class=\"_ _2\"></span><span class=\"ls31 ws51\">the 2015 private placement<span class=\"ls1 ws0\"> </span></span>facility<span class=\"_ _2\"></span> mat<span class=\"_ _2\"></span>uring<span class=\"_ _2\"></span> in M<span class=\"_ _2\"></span>arc<span class=\"_ _2\"></span>h <span class=\"ls1 ws0\"> </span>2025 through th<span class=\"_ _2\"></span>e issuance o<span class=\"_ _2\"></span>f $450.0 m<span class=\"_ _2\"></span>illion in seve<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\">-<span class=\"ls47 ws82\">year an<span class=\"_ _1\"></span>d ten<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">ye<span class=\"_ _2\"></span>ar <span class=\"_ _2\"></span>notes<span class=\"_ _2\"></span> in t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>US pri<span class=\"_ _2\"></span>vate<span class=\"_ _2\"></span> </span></span></span></span>placem<span class=\"_ _2\"></span>ent m<span class=\"_ _2\"></span>arke<span class=\"_ _2\"></span>t. T<span class=\"_ _2\"></span>he no<span class=\"_ _2\"></span>tes a<span class=\"_ _2\"></span>re se<span class=\"_ _2\"></span>cured<span class=\"_ _2\"></span> by <span class=\"_ _2\"></span>US<span class=\"ls1 ws0\">-</span>based<span class=\"_ _2\"></span> asse<span class=\"_ _2\"></span>ts <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>a gua<span class=\"_ _2\"></span>rantee<span class=\"_ _2\"></span> from<span class=\"_ _2\"></span> <span class=\"ls4b ws77\">SNL<span class=\"_ _2\"></span></span><span class=\"ws4f\">. The<span class=\"_ _2\"></span> </span>notes <span class=\"_ _2\"></span>are f<span class=\"_ _2\"></span>ixed<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span> note<span class=\"_ _2\"></span>s wi<span class=\"_ _2\"></span>th t<span class=\"_ _2\"></span>he in<span class=\"_ _2\"></span>tere<span class=\"_ _2\"></span>st r<span class=\"_ _2\"></span>ate fo<span class=\"_ _2\"></span>r bo<span class=\"_ _2\"></span>th tr<span class=\"_ _2\"></span>anc<span class=\"_ _2\"></span>hes f<span class=\"_ _2\"></span>ixed<span class=\"_ _2\"></span> at jus<span class=\"_ _2\"></span>t un<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span> 6%. T<span class=\"_ _2\"></span>he f<span class=\"_ _2\"></span>undin<span class=\"_ _2\"></span>g took p<span class=\"_ _2\"></span>lace<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>July 1<span class=\"_ _2\"></span>8, 20<span class=\"_ _2\"></span>24<span class=\"_ _2\"></span>, at w<span class=\"_ _2\"></span>hich<span class=\"_ _2\"></span> time<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> <span class=\"ls31 ws51\">2015 private placement<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">facility <span class=\"_ _1\"></span><span class=\"ls30 ws50\">w<span class=\"_ _2\"></span>as re<span class=\"_ _2\"></span>paid<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></span></span></span></span>On Ju<span class=\"_ _2\"></span>ne 12<span class=\"_ _2\"></span>, 20<span class=\"_ _2\"></span>23, the<span class=\"_ _2\"></span> Gr<span class=\"_ _2\"></span>oup<span class=\"_ _2\"></span> refi<span class=\"_ _2\"></span>nance<span class=\"_ _2\"></span>d its<span class=\"_ _2\"></span> pre<span class=\"_ _2\"></span>vious<span class=\"_ _2\"></span> Stol<span class=\"_ _2\"></span>thave<span class=\"_ _2\"></span>n S<span class=\"_ _2\"></span>ingapo<span class=\"_ _2\"></span>re fac<span class=\"_ _2\"></span>ili<span class=\"_ _2\"></span>ty wi<span class=\"_ _2\"></span>th a <span class=\"_ _2\"></span>SGD<span class=\"_ _2\"></span> 280.<span class=\"_ _2\"></span>0 million ($208.4 million) term loan<span class=\"_ _2\"></span>. The agreement is with DBS Bank Ltd., ING Bank N.V., KfW IPEX<span class=\"ls1 ws0\">-<span class=\"_ _195\"> </span></span>Bank Gm<span class=\"_ _2\"></span>bH and Ove<span class=\"_ _2\"></span>rsea<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span><span class=\"ws50\">Chinese Ba<span class=\"_ _2\"></span>nki<span class=\"_ _2\"></span>ng Co<span class=\"_ _2\"></span>rpor<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span> Limi<span class=\"_ _2\"></span>ted.<span class=\"_ _2\"></span> T<span class=\"ws52\">he<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">debt will b<span class=\"_ _2\"></span>e repaid <span class=\"_ _2\"></span>over seven </span></span></span></span>years<span class=\"_ _2\"></span> with<span class=\"_ _2\"></span> a fin<span class=\"_ _2\"></span>al b<span class=\"_ _2\"></span>alloo<span class=\"_ _2\"></span>n p<span class=\"_ _2\"></span>ayment<span class=\"_ _2\"></span> of S<span class=\"_ _2\"></span>GD 11<span class=\"_ _2\"></span>2.0 mi<span class=\"_ _2\"></span>llio<span class=\"_ _2\"></span>n and<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>nteres<span class=\"_ _2\"></span>t ra<span class=\"_ _2\"></span>te ha<span class=\"_ _2\"></span>s bee<span class=\"_ _2\"></span>n fi<span class=\"_ _2\"></span>xed <span class=\"_ _2\"></span>at 5.<span class=\"_ _2\"></span>3%.<span class=\"_ _2\"></span> The net proceeds<span class=\"_ _2\"></span> were used <span class=\"_ _2\"></span>to repay <span class=\"_ _2\"></span>a NOK bond <span class=\"_ _2\"></span>(SNI09) with $<span class=\"_ _2\"></span>132.0 millio<span class=\"_ _2\"></span>n outstand<span class=\"_ _2\"></span>ing and fo<span class=\"_ _2\"></span>r gener<span class=\"_ _2\"></span>al corp<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>ate pu<span class=\"_ _2\"></span>rpose<span class=\"_ _2\"></span><span class=\"ls48 ws72\">s.<span class=\"ls1 ws0\"> </span></span>On June<span class=\"_ _2\"></span> 21, 2022<span class=\"_ _2\"></span>, the Gr<span class=\"_ _2\"></span>oup sig<span class=\"_ _2\"></span>ned a $110<span class=\"_ _2\"></span>.0 mi<span class=\"_ _2\"></span>llion f<span class=\"_ _2\"></span>loati<span class=\"_ _2\"></span>ng rat<span class=\"_ _2\"></span>e borrow<span class=\"_ _2\"></span>ing ag<span class=\"_ _2\"></span>reem<span class=\"_ _2\"></span>ent usi<span class=\"_ _2\"></span>ng a group<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>ank co<span class=\"_ _2\"></span>ntai<span class=\"_ _2\"></span>ners<span class=\"_ _2\"></span> as c<span class=\"_ _2\"></span>oll<span class=\"_ _2\"></span>ater<span class=\"_ _2\"></span>al. The<span class=\"_ _2\"></span> ag<span class=\"_ _2\"></span>reemen<span class=\"_ _2\"></span>t is<span class=\"_ _2\"></span> with<span class=\"_ _2\"></span> ING<span class=\"_ _2\"></span> Bank<span class=\"_ _2\"></span> N.V<span class=\"_ _2\"></span>. and<span class=\"_ _2\"></span> a gr<span class=\"_ _2\"></span>oup o<span class=\"_ _2\"></span>f pri<span class=\"_ _2\"></span>vate<span class=\"_ _2\"></span> invest<span class=\"_ _2\"></span>ors f<span class=\"_ _2\"></span>or <span class=\"_ _2\"></span>seven y<span class=\"_ _2\"></span>ear<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> te<span class=\"_ _2\"></span>n mo<span class=\"_ _2\"></span>nths.<span class=\"_ _2\"></span> There<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> 33<span class=\"_ _2\"></span> equal<span class=\"_ _2\"></span> pa<span class=\"_ _2\"></span><span class=\"ls47 ws82\">ymen<span class=\"_ _1\"></span>ts, with a bal<span class=\"_ _1\"></span>loon payme<span class=\"_ _1\"></span>nt </span>at<span class=\"ls1 ws0\"> </span>maturit<span class=\"_ _2\"></span>y. <span class=\"ls1 ws0\"> </span>On Ma<span class=\"_ _2\"></span>rch 2<span class=\"_ _2\"></span>, 202<span class=\"_ _2\"></span>2, t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup si<span class=\"_ _2\"></span>gned<span class=\"_ _2\"></span> a $1<span class=\"_ _2\"></span>27.6<span class=\"_ _2\"></span> mill<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>float<span class=\"_ _2\"></span>ing <span class=\"_ _2\"></span>rate<span class=\"_ _2\"></span> borro<span class=\"_ _2\"></span>wing<span class=\"_ _2\"></span> agre<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span> usi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>a group<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>ank co<span class=\"_ _2\"></span>ntai<span class=\"_ _2\"></span>ners<span class=\"_ _2\"></span> as c<span class=\"_ _2\"></span>oll<span class=\"_ _2\"></span>ater<span class=\"_ _2\"></span>al. The<span class=\"_ _2\"></span> ag<span class=\"_ _2\"></span>reemen<span class=\"_ _2\"></span>t is<span class=\"_ _2\"></span> with<span class=\"_ _2\"></span> ING<span class=\"_ _2\"></span> Bank<span class=\"_ _2\"></span> N.V<span class=\"_ _2\"></span>. and<span class=\"_ _2\"></span> a gr<span class=\"_ _2\"></span>oup o<span class=\"_ _2\"></span>f pri<span class=\"_ _2\"></span>vate<span class=\"_ _2\"></span> invest<span class=\"_ _2\"></span>ors f<span class=\"_ _2\"></span>or <span class=\"_ _2\"></span>six ye<span class=\"_ _2\"></span>ars <span class=\"_ _2\"></span>and t<span class=\"_ _2\"></span>en m<span class=\"_ _2\"></span>onths.<span class=\"_ _2\"></span> T<span class=\"_ _2\"></span>here a<span class=\"_ _2\"></span>re 2<span class=\"_ _2\"></span>9 equal<span class=\"_ _2\"></span> paym<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>nts, w<span class=\"_ _2\"></span>ith <span class=\"_ _2\"></span>a bal<span class=\"_ _2\"></span>loon<span class=\"_ _2\"></span> payme<span class=\"_ _2\"></span>nt at<span class=\"_ _2\"></span> maturi<span class=\"_ _2\"></span>ty. C<span class=\"_ _2\"></span>ash w<span class=\"_ _2\"></span>as d<span class=\"_ _2\"></span>rawn<span class=\"_ _2\"></span> on t<span class=\"_ _2\"></span>he ne<span class=\"_ _2\"></span>w fac<span class=\"_ _2\"></span>ility<span class=\"_ _2\"></span> s<span class=\"_ _2\"></span>ubseq<span class=\"_ _2\"></span>uent <span class=\"_ _2\"></span>to t<span class=\"_ _2\"></span>he May<span class=\"_ _2\"></span> 2022<span class=\"_ _2\"></span> ball<span class=\"_ _2\"></span>oon<span class=\"_ _2\"></span> payme<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>the May<span class=\"_ _2\"></span> 20<span class=\"_ _2\"></span>16 ta<span class=\"_ _2\"></span>nk co<span class=\"_ _2\"></span>ntai<span class=\"_ _2\"></span>ner f<span class=\"_ _2\"></span>inanc<span class=\"_ _2\"></span>ing a<span class=\"_ _2\"></span>nd <span class=\"_ _2\"></span>the i<span class=\"_ _2\"></span>nteres<span class=\"_ _2\"></span>t ra<span class=\"_ _2\"></span>te w<span class=\"_ _2\"></span>as fi<span class=\"_ _2\"></span>xed<span class=\"_ _2\"></span> just<span class=\"_ _2\"></span> befo<span class=\"_ _2\"></span>re dr<span class=\"_ _2\"></span>awdown.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>On December 3,<span class=\"_ _2\"></span> 2020, the <span class=\"_ _2\"></span>Group entered<span class=\"_ _2\"></span> into a $65<span class=\"_ _2\"></span>.0 million f<span class=\"_ _2\"></span>ixed rate te<span class=\"_ _2\"></span>rm loan facili<span class=\"_ _2\"></span>ty using Stolt<span class=\"_ _2\"></span>haven<span class=\"_ _2\"></span> Dagen<span class=\"_ _2\"></span>ham<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>Stolt<span class=\"_ _2\"></span>haven<span class=\"_ _2\"></span> Moerd<span class=\"_ _2\"></span>ijk<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">t<span class=\"_ _2\"></span>ermi<span class=\"_ _2\"></span>nals<span class=\"ls1 ws0\"> </span><span class=\"ws50\">as c<span class=\"_ _2\"></span>ollate<span class=\"_ _2\"></span>ral.<span class=\"_ _2\"></span> The <span class=\"_ _2\"></span>facili<span class=\"_ _2\"></span>ty <span class=\"_ _2\"></span>agre<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span> is </span></span></span>with K<span class=\"_ _2\"></span>FW I<span class=\"_ _2\"></span>PEX<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls4b wsa7\">BA<span class=\"_ _2\"></span>NK G<span class=\"ls72 wsce\">mb<span class=\"ls30 ws50\">H f<span class=\"_ _2\"></span>or <span class=\"_ _2\"></span>six yea<span class=\"_ _2\"></span>rs. T<span class=\"_ _2\"></span>here<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> eigh<span class=\"_ _2\"></span>t eq<span class=\"_ _2\"></span>ual p<span class=\"_ _2\"></span>ayment<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>6.25% of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> tot<span class=\"_ _2\"></span>al </span></span></span></span>comm<span class=\"_ _2\"></span>itment<span class=\"_ _2\"></span> begi<span class=\"_ _2\"></span>nning<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> 2023<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls2f ws70\">with a fin<span class=\"_ _2\"></span>al balloon <span class=\"_ _2\"></span>obligation of <span class=\"_ _2\"></span>$32.5 millio<span class=\"_ _2\"></span>n.<span class=\"ls1 ws0\"> </span></span></span>In July<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">2019, <span class=\"_ _2\"></span>Stolthaven New O<span class=\"_ _2\"></span>rleans LLC i<span class=\"_ _2\"></span>ssued $200.0<span class=\"_ _2\"></span> million <span class=\"_ _2\"></span></span>s</span><span class=\"ws52\">enior <span class=\"ls1 ws0\">s<span class=\"ls2f ws4e\">ecured <span class=\"_ _1\"></span><span class=\"ls1 ws0\">n<span class=\"ls30 ws50\">otes w<span class=\"_ _2\"></span>ith <span class=\"_ _2\"></span>a gro<span class=\"_ _2\"></span>up<span class=\"_ _2\"></span> </span></span></span></span></span>of private in<span class=\"_ _2\"></span>vestors. The p<span class=\"_ _2\"></span>rivate <span class=\"_ _2\"></span>placement has a<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws4e\">ten<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2f ws70\">year<span class=\"_ _2\"></span> term a<span class=\"_ _2\"></span>t a fixed i<span class=\"_ _2\"></span>nterest rate <span class=\"_ _2\"></span>of 5.15% a<span class=\"_ _2\"></span>nd </span></span></span>is sec<span class=\"_ _2\"></span>ured<span class=\"_ _2\"></span> by t<span class=\"_ _2\"></span>he t<span class=\"_ _2\"></span>ermi<span class=\"_ _2\"></span>nal i<span class=\"_ _2\"></span>n Br<span class=\"_ _2\"></span>aithwai<span class=\"_ _2\"></span>te<span class=\"_ _2\"></span>, <span class=\"ls4f ws7c\">US</span>. P<span class=\"_ _2\"></span>roceeds<span class=\"_ _2\"></span> wer<span class=\"_ _2\"></span>e used<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>r ge<span class=\"_ _2\"></span>neral<span class=\"_ _2\"></span> corp<span class=\"_ _2\"></span>orate<span class=\"_ _2\"></span> purp<span class=\"_ _2\"></span>oses.<span class=\"_ _195\"> </span><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>(i<span class=\"ls1 ws0\">v<span class=\"ls46 ws6f\">) <span class=\"_ _1\"></span><span class=\"ws92\">Se<span class=\"_ _2\"></span>ni<span class=\"_ _2\"></span>or un<span class=\"_ _2\"></span>secu<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>d bon<span class=\"_ _2\"></span>d iss<span class=\"_ _2\"></span>ue<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span>On Oc<span class=\"_ _2\"></span>tobe<span class=\"_ _2\"></span>r 22, 2<span class=\"_ _2\"></span>025<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up c<span class=\"_ _2\"></span>omplet<span class=\"_ _2\"></span>ed a p<span class=\"_ _2\"></span>lacem<span class=\"_ _2\"></span>ent <span class=\"_ _2\"></span>of a<span class=\"_ _2\"></span> se<span class=\"_ _2\"></span>nior <span class=\"_ _2\"></span>unsecu<span class=\"_ _2\"></span>red<span class=\"_ _2\"></span> bond<span class=\"_ _2\"></span> issue<span class=\"_ _2\"></span> of NOK<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">1.5 billion <span class=\"_ _2\"></span>(swapped into $<span class=\"_ _2\"></span>150.0 millio<span class=\"_ _2\"></span>n) in a <span class=\"_ _2\"></span>new five<span class=\"_ _2\"></span></span>-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">ye<span class=\"_ _2\"></span>ar b<span class=\"_ _2\"></span>ond <span class=\"_ _2\"></span>issue<span class=\"_ _2\"></span>, c<span class=\"_ _2\"></span>arrying<span class=\"_ _2\"></span> a c<span class=\"_ _2\"></span>oupo<span class=\"_ _2\"></span>n of<span class=\"_ _2\"></span> </span></span>three<span class=\"ls1 ws0\">-</span><span class=\"ws50\">mon<span class=\"_ _2\"></span>th NIB<span class=\"_ _2\"></span>OR pl<span class=\"_ _2\"></span>us 2.<span class=\"_ _2\"></span>25%. <span class=\"_ _2\"></span>The <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> sw<span class=\"_ _2\"></span>apped t<span class=\"_ _2\"></span>he b<span class=\"_ _2\"></span>ond p<span class=\"_ _2\"></span>rocee<span class=\"_ _2\"></span>ds int<span class=\"_ _2\"></span>o a <span class=\"_ _2\"></span>US d<span class=\"_ _2\"></span>ollar<span class=\"_ _2\"></span> obli<span class=\"_ _2\"></span>gati<span class=\"_ _2\"></span>on </span>at a fixed <span class=\"_ _2\"></span>interest r<span class=\"_ _2\"></span>ate of 5.93%. <span class=\"_ _2\"></span>The proceeds we<span class=\"_ _2\"></span>re used fo<span class=\"_ _2\"></span>r genera<span class=\"ls30 ws50\">l<span class=\"_ _2\"></span> corp<span class=\"_ _2\"></span>ora<span class=\"_ _2\"></span>te purp<span class=\"_ _2\"></span>oses<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></span>On November <span class=\"_ _1\"></span>27, 2023, the Group <span class=\"ls30 ws4f\">issued an ad<span class=\"_ _2\"></span>diti<span class=\"_ _2\"></span>onal<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">NOK 325<span class=\"_ _2\"></span> million (sw<span class=\"_ _2\"></span>apped into $3<span class=\"_ _2\"></span></span>0.<span class=\"_ _1\"></span>5 </span></span>million<span class=\"ls1 ws0\">) <span class=\"_ _1\"></span><span class=\"ls31 ws51\">on the 2023 Bond<span class=\"ls30 ws50\">.<span class=\"_ _2\"></span> The <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> sw<span class=\"_ _2\"></span>apped <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> bond p<span class=\"_ _2\"></span>roce<span class=\"_ _2\"></span>eds i<span class=\"_ _2\"></span>nto<span class=\"_ _2\"></span> a US<span class=\"_ _2\"></span> doll<span class=\"_ _2\"></span>ar ob<span class=\"_ _2\"></span>liga<span class=\"_ _2\"></span>tion <span class=\"_ _2\"></span>at <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span>a fixed i<span class=\"_ _2\"></span>nterest of 7.81<span class=\"_ _2\"></span>%. Net p<span class=\"_ _2\"></span>roceeds were f<span class=\"_ _2\"></span>or general c<span class=\"_ _2\"></span>orporate pu<span class=\"_ _2\"></span>rposes. The <span class=\"ls30 ws50\">b<span class=\"_ _2\"></span>ond p<span class=\"_ _2\"></span>roce<span class=\"_ _2\"></span>eds </span>were received<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">in the<span class=\"_ _2\"></span> firs<span class=\"_ _2\"></span>t qua<span class=\"_ _2\"></span>rter<span class=\"_ _2\"></span> of 2<span class=\"_ _2\"></span>024</span>. </span>On Sep<span class=\"_ _2\"></span>tembe<span class=\"_ _2\"></span>r 12<span class=\"_ _2\"></span>, 2023<span class=\"_ _2\"></span>, <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Group co<span class=\"_ _2\"></span>mple<span class=\"_ _2\"></span>ted <span class=\"_ _2\"></span>a plac<span class=\"_ _2\"></span>emen<span class=\"_ _2\"></span>t of<span class=\"_ _2\"></span> seni<span class=\"_ _2\"></span>or <span class=\"_ _2\"></span>unsecu<span class=\"_ _2\"></span>red b<span class=\"_ _2\"></span>onds<span class=\"_ _2\"></span> <span class=\"ls31 ws81\">(2023 Bond) </span>for NOK 1.2 bil<span class=\"_ _2\"></span>lion (swapped<span class=\"_ _2\"></span> into<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">$112.4<span class=\"_ _2\"></span> million) in<span class=\"_ _2\"></span> a new fi<span class=\"_ _2\"></span>ve<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">y<span class=\"_ _2\"></span>ear b<span class=\"_ _2\"></span>ond<span class=\"_ _2\"></span> iss<span class=\"_ _2\"></span>ue, c<span class=\"_ _2\"></span>arryi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span>a coupo<span class=\"_ _2\"></span>n of three<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls31 ws51\">month NIBOR plus 3.15%. The Group swapped the bond proceeds into a US </span></span>dollar obligatio<span class=\"_ _2\"></span>n at a fixed<span class=\"_ _2\"></span> interes<span class=\"_ _2\"></span>t of 7.82<span class=\"_ _2\"></span>%. Net proceed<span class=\"_ _2\"></span>s from the bond<span class=\"_ _2\"></span> issue we<span class=\"_ _2\"></span>re used to repurchase $60.0<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">million of<span class=\"_ _2\"></span> the <span class=\"ls31 ws51\">$141.5 million<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">bonds<span class=\"_ _2\"></span></span>, <span class=\"_ _1\"></span><span class=\"ls30 ws52\">whic<span class=\"_ _2\"></span>h <span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>ature<span class=\"_ _2\"></span>d<span class=\"ls1 ws0\"> o<span class=\"_ _1\"></span>n <span class=\"_ _1\"></span><span class=\"ls31 ws51\">February 20, 2024, <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span></span></span></span>and fo<span class=\"_ _2\"></span>r ge<span class=\"_ _2\"></span>neral<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>rporate<span class=\"_ _2\"></span> pu<span class=\"_ _2\"></span>rpose<span class=\"_ _2\"></span>s.<span class=\"ls1 ws0\"> </span>(v) De<span class=\"_ _2\"></span>bt is<span class=\"_ _2\"></span>su<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> costs<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Debt issuance c<span class=\"_ _2\"></span>osts of $<span class=\"ls31 ws53\">17.7<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">mil<span class=\"_ _2\"></span>lion have been<span class=\"_ _2\"></span> netted <span class=\"_ _2\"></span>against long<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls53 ws32\">te<span class=\"_ _2\"></span>rm deb<span class=\"_ _2\"></span>t <span class=\"ls6b wsde\">at both<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">November 3<span class=\"_ _2\"></span>0, </span></span></span></span></span></span></span></span>202<span class=\"ls1 ws0\">5 <span class=\"_ _1\"></span><span class=\"ls30 ws50\">and 20<span class=\"_ _2\"></span><span class=\"ls1 ws0\">24<span class=\"_ _1\"></span><span class=\"ls53 ws7d\">. Debt<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">is<span class=\"_ _1\"></span>s<span class=\"_ _2\"></span>uance c<span class=\"_ _2\"></span>osts recognised<span class=\"_ _2\"></span> in the income<span class=\"_ _2\"></span> statemen<span class=\"_ _2\"></span>t as part<span class=\"_ _2\"></span> of effective<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span></span></span>intere<span class=\"_ _2\"></span>st <span class=\"ws50\">rates<span class=\"_ _2\"></span> were<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span>$7.<span class=\"_ _1\"></span>7 <span class=\"_ _1\"></span><span class=\"ls2f ws75\">millio<span class=\"_ _2\"></span>n and<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span>$<span class=\"ls31 ws53\">5.</span>1 <span class=\"_ _1\"></span><span class=\"ls2f ws75\">million for<span class=\"ls1 ws0\"> </span><span class=\"ws70\">the years end<span class=\"_ _2\"></span>ed November<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">30, 20</span>25<span class=\"_ _1\"></span>  </span></span></span></span></span></span></span>and 2<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\">24<span class=\"_ _1\"></span><span class=\"ls2f ws75\">, respectively<span class=\"ls1 ws0\">.<span class=\"_ _195\"> </span></span></span></span>Analys<span class=\"_ _2\"></span>is of <span class=\"_ _2\"></span><span class=\"ls58 ws8c\">net<span class=\"ls1 ws0\"> <span class=\"ls89 wsdf\">debt</span> </span></span>Net debt at November 30, 2025 comprises lease liabilities of $402.2 million (2024: $344.0 million), short<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws52\">te<span class=\"_ _2\"></span>rm <span class=\"ws50\">bank l<span class=\"_ _2\"></span>oans<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">of $65.0 <span class=\"_ _2\"></span>million (2024: nil) and long<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">te<span class=\"_ _2\"></span>rm <span class=\"_ _2\"></span>debt,<span class=\"_ _2\"></span> incl<span class=\"_ _2\"></span>uding c<span class=\"_ _2\"></span>ur<span class=\"_ _2\"></span>rent m<span class=\"_ _2\"></span>aturi<span class=\"_ _2\"></span>ties<span class=\"_ _2\"></span>, </span></span></span></span></span></span></span>of<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">$2,134.<span class=\"_ _1\"></span>4 million (2024: $1<span class=\"_ _2\"></span>,842.8 million) less cash and cash equivalents of $144.6 million (2024:<span class=\"ls1 ws0\"> </span>$334.7 million).<span class=\"ls1 ws0\">  </span></span></span><table class=\"s w1b2 h15c\" id=\"_ec34f585-9afd-4cbe-8649-2e5889743c7a\"><tr><td></td><td class=\"t m0 x342 h82 y2e9c ff1b1 fs3b fc2 sc0 ls2d ws4a\">At <span class=\"ls1 ws0\">Dec<span class=\"_ _195\"> </span></span></td><td class=\"c x39b y2e9d w1ac h103\"><div class=\"t m0 x245 h82 y29a6 ff1b1 fs3b fc2 sc0 ls1 ws0\">ember<span class=\"_ _195\"> </span></div></td><td></td><td class=\"c x39c y2e9d w1ad h103\"><div class=\"t m0 x245 h82 y29a6 ff1b1 fs3b fc2 sc0 ls39 ws5f\">Exchan<span class=\"_ _2\"></span>ge<span class=\"_ _195\"> </span></div></td><td></td><td class=\"c x3a1 y2e9e w1b3 h134\"><div class=\"t m0 x245 h85 y2c8b ff1b0 fs3b fc2 sc0 ls65 ws30\">At Novembe<span class=\"_ _2\"></span>r<span class=\"_ _195\"> </span></div></td></tr><tr><td class=\"c x24b y2e9f wd7 he8\"><div class=\"t m0 x0 h82 y1fa0 ff1b1 fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td></td><td class=\"c x39e y2ea0 w1b4 h103\"><div class=\"t m0 x245 h82 y29a6 ff1b1 fs3b fc2 sc0 ls1 ws0\">1<span class=\"ls8a ws9a\">, <span class=\"ls69 wsbc\">2024<span class=\"_ _195\"> </span></span></span></div></td><td class=\"c x29f y2e9f w34 he8\"><div class=\"t m0 x187 h82 y1f57 ff1b1 fs3b fc2 sc0 ls39 ws31\">Cash f<span class=\"_ _2\"></span>low<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x39f y2ea0 w1b0 h103\"><div class=\"t m0 x245 h82 y29a6 ff1b1 fs3b fc2 sc0 ls1 ws0\">differences<span class=\"_ _195\"> </span></div></td><td class=\"c x2a1 y2e9f w20 he8\"><div class=\"t m0 x1a6 h82 y1f57 ff1b1 fs3b fc2 sc0 ls1 ws32\">Other movements<span class=\"ws0\"> </span></div></td><td class=\"c x3a2 y2ea1 w1b5 h134\"><div class=\"t m0 x245 h85 y2c8b ff1b0 fs3b fc2 sc0 ls69 wsbc\">30, <span class=\"ls1b ws2f\">2025<span class=\"_ _195\"> </span></span></div></td></tr><tr><td class=\"c x24b y2ea2 wd7 h8a\"><div class=\"t m0 x0 h88 y1bec ff1b1 fs3a fc2 sc0 ls2e ws5c\">Cash <span class=\"ls24 ws3a\">on hand</span><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></div></td><td></td><td class=\"c x29e y2ea2 w54 h8a\"><div class=\"t m0 x183 h88 y1bec ff1b1 fs3a fc2 sc0 ls20 ws36\">92,073<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2ea2 w34 h8a\"><div class=\"t m0 x183 h88 y1bec ff1b1 fs3a fc2 sc0 ls20 ws36\">32,956<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2ea2 w24 h8a\"><div class=\"t m0 x186 h88 y1bec ff1b1 fs3a fc2 sc0 ls20 ws36\">(3,355)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2ea2 w20 h8a\"><div class=\"t m0 x2d h88 y1bec ff1b2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1b1\"> </span></div></td><td class=\"c x2fa y2ea2 w55 h8a\"><div class=\"t m0 x180 h87 y1bec ff1b0 fs3a fc2 sc0 ls21 ws35\">121,<span class=\"_ _2\"></span>674<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ea3 wd7 h86\"><div class=\"t m0 x0 h88 y1bea ff1b1 fs3a fc2 sc0 ls22 ws3e\">Short<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls26 ws3d\">term time deposi<span class=\"_ _1\"></span>ts</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td></td><td class=\"c x29e y2ea3 w54 h86\"><div class=\"t m0 x181 h88 y1bea ff1b1 fs3a fc2 sc0 ls20 ws36\">242,665<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2ea3 w2c h86\"><div class=\"t m0 x17f h88 y1bea ff1b1 fs3a fc2 sc0 ls20 ws36\">(219,782)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2ea3 w20 h86\"><div class=\"t m0 x2d h88 y1bea ff1b2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1b1\"> </span></div></td><td class=\"c x2a1 y2ea3 w20 h86\"><div class=\"t m0 x2d h88 y1bea ff1b2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1b1\"> </span></div></td><td class=\"c x2fa y2ea3 w55 h86\"><div class=\"t m0 x179 h87 y1bea ff1b0 fs3a fc2 sc0 ls23 ws39\">22,883<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ea4 wd7 h86\"><div class=\"t m0 x0 h88 y1be8 ff1b1 fs3a fc2 sc0 ls24 ws3a\">Cash and cash equivalents<span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x29e y2ea4 w54 h86\"><div class=\"t m0 x181 h88 y1be8 ff1b1 fs3a fc2 sc0 ls20 ws36\">334,738<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2ea4 w2c h86\"><div class=\"t m0 x17f h88 y1be8 ff1b1 fs3a fc2 sc0 ls20 ws36\">(186,826)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2ea4 w24 h86\"><div class=\"t m0 x186 h88 y1be8 ff1b1 fs3a fc2 sc0 ls20 ws36\">(3,355)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2ea4 w20 h86\"><div class=\"t m0 x2d h88 y1be8 ff1b2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1b1\"> </span></div></td><td class=\"c x2fa y2ea4 w55 h86\"><div class=\"t m0 x180 h87 y1be8 ff1b0 fs3a fc2 sc0 ls21 ws35\">144,<span class=\"_ _2\"></span>557<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ea5 wd7 h8b\"><div class=\"t m0 x0 h88 y1e5d ff1b1 fs3a fc2 sc0 ls22 ws3e\">Borrowings<span class=\"ls1 ws0\">:</span><span class=\"ls1 ws0\"><span class=\"_ _3\"></span> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2ea6 wd7 h8a\"><div class=\"t m0 x0 h88 y1c3f ff1b1 fs3a fc2 sc0 ls22 ws3e\">Short<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls24 ws3a\">term bank loans</span></span><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td></td><td class=\"c x29e y2ea6 w54 h8a\"><div class=\"t m0 x2d h88 y1c3f ff1b2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1b1\"> </span></div></td><td class=\"c x29f y2ea6 w2c h8a\"><div class=\"t m0 x187 h88 y1c3f ff1b1 fs3a fc2 sc0 ls20 ws36\">(65,000)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2ea6 w20 h8a\"><div class=\"t m0 x2d h88 y1c3f ff1b2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1b1\"> </span></div></td><td class=\"c x2a1 y2ea6 w20 h8a\"><div class=\"t m0 x2d h88 y1c3f ff1b2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1b1\"> </span></div></td><td class=\"c x2fa y2ea6 w56 h8a\"><div class=\"t m0 x181 h87 y1c3f ff1b0 fs3a fc2 sc0 ls21 ws35\">(65,0<span class=\"_ _2\"></span>00)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ea7 wd7 h86\"><div class=\"t m0 x0 h88 y1bf4 ff1b1 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls24 ws3a\">term debt, including current<span class=\"_ _2\"></span> maturities</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x29e y2ea7 w2b h86\"><div class=\"t m0 x17d h88 y1bf4 ff1b1 fs3a fc2 sc0 ls20 ws36\">(1,842,77<span class=\"_ _2\"></span>2)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2ea7 w34 h86\"><div class=\"t m0 x183 h88 y1bf4 ff1b1 fs3a fc2 sc0 ls20 ws36\">77,563<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2ea7 w24 h86\"><div class=\"t m0 x187 h88 y1bf4 ff1b1 fs3a fc2 sc0 ls20 ws36\">(17,029)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2ea7 w25 h86\"><div class=\"t m0 x17f h88 y1bf4 ff1b1 fs3a fc2 sc0 ls20 ws36\">(352,184)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ea7 w56 h86\"><div class=\"t m0 x17c h87 y1bf4 ff1b0 fs3a fc2 sc0 ls21 ws35\">(2,13<span class=\"_ _2\"></span>4,42<span class=\"_ _2\"></span>2)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ea8 wd7 h86\"><div class=\"t m0 x0 h88 y1bef ff1b1 fs3a fc2 sc0 ls29 ws42\">Lease liabilit<span class=\"_ _2\"></span>ies<span class=\"ls24 ws3a\">, including<span class=\"_ _2\"></span> current maturities</span><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\">  </span></span></div></td><td></td><td class=\"c x29e y2ea8 w2b h86\"><div class=\"t m0 x17f h88 y1bef ff1b1 fs3a fc2 sc0 ls20 ws36\">(344,011)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2ea8 w34 h86\"><div class=\"t m0 x183 h88 y1bef ff1b1 fs3a fc2 sc0 ls20 ws36\">70,496<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2ea8 w24 h86\"><div class=\"t m0 x186 h88 y1bef ff1b1 fs3a fc2 sc0 ls20 ws36\">(4,075)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2ea8 w25 h86\"><div class=\"t m0 x17f h88 y1bef ff1b1 fs3a fc2 sc0 ls20 ws36\">(124,598)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ea8 w56 h86\"><div class=\"t m0 x197 h87 y1bef ff1b0 fs3a fc2 sc0 ls21 ws35\">(402,<span class=\"_ _2\"></span>188)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ea9 wd7 h8c\"><div class=\"t m0 x0 h87 y1c4d ff1b0 fs3a fc2 sc0 ls1f ws33\">Net debt<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x29e y2ea9 w2b h8c\"><div class=\"t m0 x17c h87 y1c4d ff1b0 fs3a fc2 sc0 ls21 ws35\">(1,85<span class=\"_ _2\"></span>2,04<span class=\"_ _2\"></span>5)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2ea9 w2c h8c\"><div class=\"t m0 x197 h87 y1c4d ff1b0 fs3a fc2 sc0 ls21 ws35\">(103,<span class=\"_ _2\"></span>767)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2ea9 w24 h8c\"><div class=\"t m0 x181 h87 y1c4d ff1b0 fs3a fc2 sc0 ls21 ws35\">(24,4<span class=\"_ _2\"></span>59)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2ea9 w25 h8c\"><div class=\"t m0 x197 h87 y1c4d ff1b0 fs3a fc2 sc0 ls21 ws35\">(476,<span class=\"_ _2\"></span>782)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ea9 w56 h8c\"><div class=\"t m0 x17c h87 y1c4d ff1b0 fs3a fc2 sc0 ls21 ws35\">(2,45<span class=\"_ _2\"></span>7,05<span class=\"_ _2\"></span>3)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table><table class=\"s w1ab h15b\" id=\"_ab0d7754-fd07-4d79-964d-8d82323b4c80\"><tr><td></td><td class=\"t m0 x342 h82 y2e90 ff1b1 fs3b fc2 sc0 ls2d ws4a\">At <span class=\"ls1 ws0\">Dec<span class=\"_ _195\"> </span></span></td><td class=\"c x39b y2e91 w1ac h115\"><div class=\"t m0 x245 h82 y29a6 ff1b1 fs3b fc2 sc0 ls1 ws0\">ember<span class=\"_ _195\"> </span></div></td><td></td><td class=\"c x39c y2e91 w1ad h115\"><div class=\"t m0 x245 h82 y29a6 ff1b1 fs3b fc2 sc0 ls39 ws5f\">Exchan<span class=\"_ _2\"></span>ge<span class=\"_ _195\"> </span></div></td><td></td><td class=\"c x39d y2e91 w1ae h115\"><div class=\"t m0 x245 h82 y29a6 ff1b1 fs3b fc2 sc0 ls1 ws9b\">At November<span class=\"_ _195\"> </span></div></td></tr><tr><td class=\"c x246 y2e92 w150 h115\"><div class=\"t m0 x245 h82 y29a6 ff1b1 fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2b9 h82 y29a6 ff1b1 fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td></td><td class=\"c x39e y2e93 w1af h115\"><div class=\"t m0 x245 h82 y29a6 ff1b1 fs3b fc2 sc0 ls1 ws0\">1<span class=\"ls69 wsa2\">, 20<span class=\"ls78 wsbd\">23<span class=\"_ _195\"> </span></span></span></div></td><td class=\"c x29f y2e94 w34 hb6\"><div class=\"t m0 x187 h82 y1fa2 ff1b1 fs3b fc2 sc0 ls39 ws31\">Cash f<span class=\"_ _2\"></span>low<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x39f y2e93 w1b0 h115\"><div class=\"t m0 x245 h82 y29a6 ff1b1 fs3b fc2 sc0 ls1 ws0\">differences<span class=\"_ _195\"> </span></div></td><td class=\"c x2a1 y2e94 w20 hb6\"><div class=\"t m0 x1a6 h82 y1fa2 ff1b1 fs3b fc2 sc0 ls1 ws32\">Other movements<span class=\"ws0\"> </span></div></td><td class=\"c x3a0 y2e93 w1b1 h115\"><div class=\"t m0 x245 h82 y29a6 ff1b1 fs3b fc2 sc0 ls69 wsa2\">30, 20<span class=\"ls1b ws2f\">24<span class=\"_ _195\"> </span></span></div></td></tr><tr><td class=\"c x24b y2e95 wd7 h86\"><div class=\"t m0 x0 h88 y1be4 ff1b1 fs3a fc2 sc0 ls25 ws3c\">Cash deposits<span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x29e y2e95 w54 h86\"><div class=\"t m0 x181 h88 y1be4 ff1b1 fs3a fc2 sc0 ls20 ws36\">176,780<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e95 w2c h86\"><div class=\"t m0 x187 h88 y1be4 ff1b1 fs3a fc2 sc0 ls20 ws36\">(81,770)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e95 w24 h86\"><div class=\"t m0 x186 h88 y1be4 ff1b1 fs3a fc2 sc0 ls20 ws36\">(2,937)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e95 w20 h86\"><div class=\"t m0 x2d h88 y1be4 ff1b2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1b1\"> </span></div></td><td class=\"c x2fa y2e95 w55 h86\"><div class=\"t m0 x183 h88 y1be4 ff1b1 fs3a fc2 sc0 ls20 ws36\">92,073<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e96 wd7 h86\"><div class=\"t m0 x0 h88 y1c0a ff1b1 fs3a fc2 sc0 ls22 ws3e\">Short<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls26 ws3d\">term time deposi<span class=\"_ _1\"></span>ts</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td></td><td class=\"c x29e y2e96 w54 h86\"><div class=\"t m0 x181 h88 y1c0a ff1b1 fs3a fc2 sc0 ls20 ws36\">269,735<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e96 w2c h86\"><div class=\"t m0 x187 h88 y1c0a ff1b1 fs3a fc2 sc0 ls20 ws36\">(27,070)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e96 w20 h86\"><div class=\"t m0 x2d h88 y1c0a ff1b2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1b1\"> </span></div></td><td class=\"c x2a1 y2e96 w20 h86\"><div class=\"t m0 x2d h88 y1c0a ff1b2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1b1\"> </span></div></td><td class=\"c x2fa y2e96 w55 h86\"><div class=\"t m0 x181 h88 y1c0a ff1b1 fs3a fc2 sc0 ls20 ws36\">242,665<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e97 wd7 h8a\"><div class=\"t m0 x0 h88 y1bec ff1b1 fs3a fc2 sc0 ls24 ws3a\">Cash and cash equivalents<span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x29e y2e97 w54 h8a\"><div class=\"t m0 x181 h88 y1bec ff1b1 fs3a fc2 sc0 ls20 ws36\">446,515<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e97 w2c h8a\"><div class=\"t m0 x17f h88 y1bec ff1b1 fs3a fc2 sc0 ls20 ws36\">(108,840)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e97 w24 h8a\"><div class=\"t m0 x186 h88 y1bec ff1b1 fs3a fc2 sc0 ls20 ws36\">(2,937)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e97 w20 h8a\"><div class=\"t m0 x2d h88 y1bec ff1b2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1b1\"> </span></div></td><td class=\"c x2fa y2e97 w55 h8a\"><div class=\"t m0 x181 h88 y1bec ff1b1 fs3a fc2 sc0 ls20 ws36\">334,738<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e98 wd7 h86\"><div class=\"t m0 x0 h88 y1bea ff1b1 fs3a fc2 sc0 ls22 ws3e\">Borrowings<span class=\"_ _1\"></span>:<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e99 wd7 h8b\"><div class=\"t m0 x0 h88 y1be8 ff1b1 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls24 ws3a\">term debt, including current<span class=\"_ _2\"></span> maturities</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x29e y2e99 w2b h8b\"><div class=\"t m0 x17d h88 y1be8 ff1b1 fs3a fc2 sc0 ls20 ws36\">(1,836,60<span class=\"_ _2\"></span>1)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e99 w34 h8b\"><div class=\"t m0 x184 h88 y1be8 ff1b1 fs3a fc2 sc0 ls20 ws36\">1,317<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e99 w24 h8b\"><div class=\"t m0 x186 h88 y1be8 ff1b1 fs3a fc2 sc0 ls20 ws36\">(8,104)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e99 w20 h8b\"><div class=\"t m0 x171 h88 y1be8 ff1b1 fs3a fc2 sc0 ls20 ws36\">616<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e99 w56 h8b\"><div class=\"t m0 x17d h88 y1be8 ff1b1 fs3a fc2 sc0 ls20 ws36\">(1,842,77<span class=\"_ _2\"></span>2)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e9a wd7 h8a\"><div class=\"t m0 x0 h88 y1c65 ff1b1 fs3a fc2 sc0 ls29 ws42\">Lease liabilit<span class=\"_ _2\"></span>ies, inc<span class=\"_ _2\"></span>luding c<span class=\"_ _2\"></span>urrent<span class=\"_ _2\"></span> maturities<span class=\"ls1 ws0\">  </span></div></td><td></td><td class=\"c x29e y2e9a w2b h8a\"><div class=\"t m0 x17f h88 y1c65 ff1b1 fs3a fc2 sc0 ls20 ws36\">(238,207)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e9a w34 h8a\"><div class=\"t m0 x183 h88 y1c65 ff1b1 fs3a fc2 sc0 ls20 ws36\">64,130<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e9a w20 h8a\"><div class=\"t m0 x184 h88 y1c65 ff1b1 fs3a fc2 sc0 ls20 ws36\">2,567<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e9a w25 h8a\"><div class=\"t m0 x17f h88 y1c65 ff1b1 fs3a fc2 sc0 ls20 ws36\">(172,501)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e9a w56 h8a\"><div class=\"t m0 x17f h88 y1c65 ff1b1 fs3a fc2 sc0 ls20 ws36\">(344,011)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e9b wd7 h8a\"><div class=\"t m0 x0 h87 y1c3f ff1b0 fs3a fc2 sc0 ls1f ws33\">Net debt<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x29e y2e9b w2b h8a\"><div class=\"t m0 x17c h87 y1c3f ff1b0 fs3a fc2 sc0 ls21 ws35\">(1,62<span class=\"_ _2\"></span>8,29<span class=\"_ _2\"></span>3)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e9b w2c h8a\"><div class=\"t m0 x181 h87 y1c3f ff1b0 fs3a fc2 sc0 ls21 ws35\">(43,3<span class=\"_ _2\"></span>93)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e9b w24 h8a\"><div class=\"t m0 x183 h87 y1c3f ff1b0 fs3a fc2 sc0 ls21 ws35\">(8,47<span class=\"_ _2\"></span>4)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e9b w25 h8a\"><div class=\"t m0 x197 h87 y1c3f ff1b0 fs3a fc2 sc0 ls21 ws35\">(171,<span class=\"_ _2\"></span>885)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e9b w56 h8a\"><div class=\"t m0 x17c h87 y1c3f ff1b0 fs3a fc2 sc0 ls21 ws35\">(1,85<span class=\"_ _2\"></span>2,04<span class=\"_ _2\"></span>5)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>Short<span class=\"_ _1\"></span><span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">term time depo<span class=\"_ _2\"></span>sits included wit<span class=\"_ _2\"></span>hin cash a<span class=\"_ _2\"></span>nd cash equiv<span class=\"_ _2\"></span>alents relate <span class=\"_ _2\"></span>to term depo<span class=\"_ _2\"></span>sits repay<span class=\"_ _2\"></span>able within th<span class=\"_ _2\"></span>ree months. <span class=\"_ _2\"></span></span> </span>In the <span class=\"ws50\">ye<span class=\"_ _2\"></span>ar ende<span class=\"_ _2\"></span>d <span class=\"_ _2\"></span>Novembe<span class=\"_ _2\"></span>r 30<span class=\"_ _2\"></span>, 2<span class=\"_ _2\"></span>025, o<span class=\"_ _2\"></span>ther <span class=\"_ _2\"></span>non<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">ca<span class=\"_ _1\"></span>s<span class=\"_ _2\"></span>h movements i<span class=\"_ _2\"></span>n net debt<span class=\"_ _2\"></span> primarily <span class=\"_ _2\"></span>represent $<span class=\"_ _2\"></span>351.7 million o<span class=\"_ _2\"></span>f debt acqu<span class=\"_ _2\"></span>ired with b<span class=\"_ _2\"></span>usiness comb<span class=\"_ _2\"></span>inations, $<span class=\"ls1 ws0\">14.<span class=\"_ _1\"></span>9 <span class=\"_ _1\"></span><span class=\"ls2f ws70\">millio<span class=\"_ _2\"></span>n of lea<span class=\"_ _2\"></span>se liabilities <span class=\"_ _2\"></span>acquired with </span></span></span></span></span>business combinat<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ons, $108.<span class=\"ls1 ws0\">0 <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">million<span class=\"ls1 ws0\"> </span><span class=\"ws70\">of new or m<span class=\"_ _2\"></span>odified leases<span class=\"_ _2\"></span>, net of <span class=\"_ _2\"></span>reductions, <span class=\"_ _2\"></span>and <span class=\"ls1 ws0\">$<span class=\"ls48 ws72\">7.7</span> <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">mil<span class=\"_ _2\"></span>lion<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">amorti<span class=\"_ _2\"></span>sati<span class=\"_ _2\"></span>on o<span class=\"_ _2\"></span>f deb<span class=\"_ _2\"></span>t issu<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> costs<span class=\"_ _2\"></span></span> </span><span class=\"ws70\">offset by the c<span class=\"_ _2\"></span>apitalisation o<span class=\"_ _2\"></span>f debt issu<span class=\"_ _2\"></span>ance costs <span class=\"_ _2\"></span><span class=\"ls60 ws4f\">of<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span>$<span class=\"ls48 ws72\">7.3</span> <span class=\"ls2f ws4e\">million</span>. </span></span></span></span></span></span></span></span>In the<span class=\"_ _2\"></span> ye<span class=\"_ _2\"></span>ar ended<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>Novembe<span class=\"_ _2\"></span>r 30<span class=\"_ _2\"></span>, 20<span class=\"_ _2\"></span>24, o<span class=\"_ _2\"></span>ther <span class=\"_ _2\"></span>non<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2f ws70\">cash m<span class=\"_ _2\"></span>ovements i<span class=\"_ _2\"></span>n net debt<span class=\"_ _2\"></span> primarily <span class=\"_ _2\"></span>represent $17<span class=\"_ _2\"></span>1.7 million of <span class=\"_ _2\"></span>new or m<span class=\"_ _2\"></span>odified leases, <span class=\"_ _2\"></span>net of <span class=\"_ _2\"></span>reductions, and<span class=\"_ _2\"></span> $5.2 millio<span class=\"_ _2\"></span>n <span class=\"ls30 ws50\">am<span class=\"_ _2\"></span>orti<span class=\"_ _2\"></span>satio<span class=\"_ _2\"></span>n of<span class=\"_ _2\"></span> deb<span class=\"_ _2\"></span>t issu<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> </span></span></span>costs offset by <span class=\"_ _2\"></span>the c<span class=\"_ _2\"></span>apitalisation of<span class=\"_ _2\"></span> debt issuance<span class=\"_ _2\"></span> co<span class=\"ls60 wsad\">sts of<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls31 ws53\">$5.7<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">million.<span class=\"_ _195\"> </span></span></span></span></span></span>Capital management<span class=\"ls1 ws0\"> </span>The Gr<span class=\"_ _2\"></span>oup d<span class=\"_ _2\"></span>efi<span class=\"_ _2\"></span>nes cap<span class=\"_ _2\"></span>ital<span class=\"_ _2\"></span> as <span class=\"_ _2\"></span>net <span class=\"_ _2\"></span>debt <span class=\"_ _2\"></span>and e<span class=\"_ _2\"></span>quity<span class=\"_ _2\"></span> attr<span class=\"_ _2\"></span>ibut<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span> to eq<span class=\"_ _2\"></span>uity<span class=\"_ _2\"></span> hold<span class=\"_ _2\"></span>ers <span class=\"_ _2\"></span>of S<span class=\"_ _2\"></span>NL. T<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup\u2019s<span class=\"_ _2\"></span> objecti<span class=\"_ _2\"></span>ves<span class=\"_ _2\"></span> when m<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>aging<span class=\"_ _2\"></span> capi<span class=\"_ _2\"></span>tal <span class=\"_ _2\"></span>are t<span class=\"_ _2\"></span>o safe<span class=\"_ _2\"></span>gua<span class=\"_ _2\"></span>rd<span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">the</span> </span><span class=\"ff1f5\">Group<span class=\"_ _2\"></span>\u2019s ab<span class=\"_ _2\"></span>ility <span class=\"_ _2\"></span>to c<span class=\"_ _2\"></span>onti<span class=\"_ _2\"></span>nue a<span class=\"_ _2\"></span>s a g<span class=\"_ _2\"></span>oing<span class=\"_ _2\"></span> </span>concer<span class=\"_ _2\"></span>n to<span class=\"_ _2\"></span> provi<span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>retur<span class=\"_ _2\"></span>ns fo<span class=\"_ _2\"></span>r <span class=\"ls1 ws0\">s</span>hare<span class=\"_ _2\"></span>holde<span class=\"_ _2\"></span>rs a<span class=\"_ _2\"></span>nd be<span class=\"_ _2\"></span>nefits<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>r othe<span class=\"_ _2\"></span>r st<span class=\"_ _2\"></span>akehol<span class=\"_ _2\"></span>ders<span class=\"_ _2\"></span>, and<span class=\"_ _2\"></span> to m<span class=\"_ _2\"></span>ain<span class=\"_ _2\"></span>tain <span class=\"_ _2\"></span>an optimal<span class=\"_ _2\"></span> capi<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span> str<span class=\"_ _2\"></span>ucture<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span>red<span class=\"_ _2\"></span>uce t<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>ost of<span class=\"_ _2\"></span> capi<span class=\"_ _2\"></span>tal.<span class=\"_ _2\"></span> To m<span class=\"_ _2\"></span>aintai<span class=\"_ _2\"></span>n o<span class=\"_ _2\"></span>r ad<span class=\"_ _2\"></span>just <span class=\"_ _2\"></span>the cap<span class=\"_ _2\"></span>ita<span class=\"_ _2\"></span>l str<span class=\"_ _2\"></span>uctu<span class=\"_ _2\"></span>re, the<span class=\"ls1 ws0\"> </span><span class=\"ws50\">Group m<span class=\"_ _2\"></span>ay ad<span class=\"_ _2\"></span>jus<span class=\"_ _2\"></span>t the<span class=\"_ _2\"></span> amo<span class=\"_ _2\"></span>unt<span class=\"_ _2\"></span> of d<span class=\"_ _2\"></span>ivide<span class=\"_ _2\"></span>nds p<span class=\"_ _2\"></span>aid t<span class=\"_ _2\"></span>o <span class=\"ls1 ws0\">s</span>hare<span class=\"_ _2\"></span>holde<span class=\"_ _2\"></span>rs, re<span class=\"_ _2\"></span>tur<span class=\"_ _2\"></span>n capi<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span> to <span class=\"ls1 ws0\">s</span></span>hare<span class=\"_ _2\"></span>holde<span class=\"_ _2\"></span>rs,<span class=\"_ _2\"></span> issue<span class=\"_ _2\"></span> new s<span class=\"_ _2\"></span>hares<span class=\"_ _2\"></span>, <span class=\"ls2f ws70\">rep<span class=\"_ _2\"></span>urchase sh<span class=\"_ _2\"></span>ares or sell<span class=\"_ _2\"></span> assets to<span class=\"_ _2\"></span> reduce debt.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>The Gr<span class=\"_ _2\"></span>oup m<span class=\"_ _2\"></span>onito<span class=\"_ _2\"></span>rs c<span class=\"_ _2\"></span>apital<span class=\"_ _2\"></span> o<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> basis<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> rati<span class=\"_ _2\"></span>o of d<span class=\"_ _2\"></span>ebt <span class=\"_ _2\"></span>to t<span class=\"_ _2\"></span>angi<span class=\"_ _2\"></span>ble <span class=\"_ _2\"></span>net wo<span class=\"_ _2\"></span>rth.<span class=\"_ _2\"></span> Thi<span class=\"_ _2\"></span>s is c<span class=\"_ _2\"></span>alcul<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>d as short<span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">term a<span class=\"_ _2\"></span>nd l<span class=\"_ _2\"></span>ong</span>-<span class=\"ls2f ws70\">term deb<span class=\"_ _2\"></span>t and lease</span> <span class=\"ls2f ws70\">liabilities di<span class=\"_ _2\"></span>vided by e<span class=\"_ _2\"></span>quity attribu<span class=\"_ _2\"></span>table to equi<span class=\"_ _2\"></span>ty holders </span></span>less intangible <span class=\"_ _2\"></span>assets and<span class=\"_ _2\"></span> excluding <span class=\"_ _2\"></span>other componen<span class=\"_ _2\"></span>ts of equity.<span class=\"_ _2\"></span> The<span class=\"ls1 ws0\"> <span class=\"ff1f5 ls30 ws50\">Group<span class=\"_ _2\"></span>\u2019s m<span class=\"_ _2\"></span>anagem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> targe<span class=\"_ _2\"></span>ts </span></span>maintaining a r<span class=\"_ _2\"></span>atio of<span class=\"_ _2\"></span> debt to tan<span class=\"_ _2\"></span>gible net wor<span class=\"_ _2\"></span>th at or below<span class=\"_ _2\"></span> 1.50. <span class=\"_ _2\"></span>As of November 30<span class=\"_ _2\"></span>, 2025 a<span class=\"_ _2\"></span>nd 2024, the r<span class=\"_ _2\"></span>atio of deb<span class=\"_ _2\"></span>t to<span class=\"ls1 ws0\"> </span>equity attributable<span class=\"_ _2\"></span> to equity<span class=\"_ _2\"></span> holders of<span class=\"_ _2\"></span> SNL less <span class=\"_ _2\"></span>intangible as<span class=\"_ _2\"></span>sets and exclud<span class=\"_ _2\"></span>ing o<span class=\"_ _2\"></span>the<span class=\"_ _2\"></span>r com<span class=\"_ _2\"></span>pone<span class=\"_ _2\"></span>nts o<span class=\"_ _2\"></span>f eq<span class=\"_ _2\"></span>uity w<span class=\"_ _2\"></span>as<span class=\"ls1 ws0\"> </span><span class=\"ws52\">as<span class=\"ls1 ws0\"> <span class=\"ls4a ws76\">follows:<span class=\"_ _2\"></span></span> </span></span><table class=\"s w172 h171\" id=\"_685cab03-6b41-4539-8248-298ee7a5355e\"><tr><td></td><td class=\"c x2bd y2f53 w68 h80\"><div class=\"t m0 x171 h82 y2307 ff1f4 fs3b fc2 sc0 ls1 ws32\">As of November 30<span class=\"ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2f54 w150 h15e\"><div class=\"t m0 x245 h82 y2e0b ff1f4 fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2b9 h82 y2eab ff1f4 fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x2a2 y2f55 w48 h83\"><div class=\"t m0 x177 h85 y20ce ff1f3 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2f55 w48 h83\"><div class=\"t m0 x1a0 h82 y20ce ff1f4 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f56 w64 h86\"><div class=\"t m0 x0 h88 y1c4c ff1f4 fs3a fc2 sc0 ls22 ws3e\">Short<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls24 ws3a\">term loans, long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term debt and<span class=\"_ _2\"></span> lease l<span class=\"_ _2\"></span>iabilities</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span> </span></span></span></div></td><td class=\"c x2a2 y2f56 w48 h86\"><div class=\"t m0 x17a h87 y1c4c ff1f3 fs3a fc2 sc0 ls21 ws35\">2,60<span class=\"_ _2\"></span>1,610<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2f56 w48 h86\"><div class=\"t m0 x17b h88 y1c4c ff1f4 fs3a fc2 sc0 ls20 ws36\">2,186,783<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f57 w64 h90\"><div class=\"t m0 x0 h88 y26eb ff1f4 fs3a fc2 sc0 ls29 ws42\">Equity attribut<span class=\"_ _2\"></span>able to<span class=\"_ _2\"></span> equity h<span class=\"_ _2\"></span>olders o<span class=\"_ _2\"></span>f SNL less<span class=\"_ _2\"></span> intangible<span class=\"_ _2\"></span> assets and<span class=\"_ _2\"></span> </div><div class=\"t m0 x0 h88 y1c41 ff1f4 fs3a fc2 sc0 ls29 ws42\">goodwill and <span class=\"_ _2\"></span><span class=\"ls24 ws3a\">excluding other co<span class=\"_ _2\"></span>mponents of equity<span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x3e8 y2f59 w1ca h172\"><div class=\"t m0 x245 h87 y2f58 ff1f3 fs3a fc2 sc0 ls23 ws39\">2,490,<span class=\"_ _1\"></span>16<span class=\"_ _195\"> </span></div><div class=\"t m0 x3e7 h87 y2d34 ff1f3 fs3a fc2 sc0 ls1 ws0\">0<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x3e9 h88 y2f5a ff1f4 fs3a fc2 sc0 ls20 ws36\">2,316,743<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2f5b w64 h86\"><div class=\"t m0 x0 h87 y1bef ff1f3 fs3a fc2 sc0 ls37 ws0\">Debt to tangible<span class=\"_ _1\"></span> net worth<span class=\"ff1f7 ls1\"> </span></div></td><td class=\"c x2a2 y2f5b w48 h86\"><div class=\"t m0 x188 h87 y1bef ff1f3 fs3a fc2 sc0 ls21 ws35\">1.04<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2f5b w48 h86\"><div class=\"t m0 x177 h88 y1bef ff1f4 fs3a fc2 sc0 ls20 ws36\">0.94<span class=\"ls1 ws0\"> </span></div></td></tr></table>The debt<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>angible <span class=\"_ _2\"></span>net wo<span class=\"_ _2\"></span>rth of<span class=\"_ _2\"></span> 1.04 <span class=\"_ _2\"></span>at Novemb<span class=\"_ _2\"></span>er 30<span class=\"_ _2\"></span>, 2025<span class=\"_ _2\"></span> is in<span class=\"_ _2\"></span> line<span class=\"_ _2\"></span> with m<span class=\"_ _2\"></span>anagemen<span class=\"_ _2\"></span>t\u2019s<span class=\"ff1f4 ls1 ws0\"> </span>expectatio<span class=\"_ _2\"></span>ns and<span class=\"_ _2\"></span> below <span class=\"_ _2\"></span>its t<span class=\"_ _2\"></span>arget rati<span class=\"_ _2\"></span>o of<span class=\"ls1 ws0\"> <span class=\"ls8c wse9\">1.50. </span></span>The Gr<span class=\"_ _2\"></span>oup h<span class=\"_ _2\"></span>as e<span class=\"_ _2\"></span>xtern<span class=\"_ _2\"></span>al re<span class=\"_ _2\"></span>str<span class=\"_ _2\"></span>ictio<span class=\"_ _2\"></span>ns on<span class=\"_ _2\"></span> its c<span class=\"_ _2\"></span>apit<span class=\"_ _2\"></span>al, w<span class=\"_ _2\"></span>hich<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> its b<span class=\"_ _2\"></span>ank co<span class=\"_ _2\"></span>ve<span class=\"_ _2\"></span>nants.<span class=\"_ _2\"></span> See<span class=\"_ _2\"></span> Note<span class=\"_ _2\"></span> 2<span class=\"ls1 ws0\">3 <span class=\"_ _1\"></span><span class=\"ls4a ws76\">f<span class=\"_ _2\"></span>or </span></span>further details.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-662": {
   "value": "Financial Liabilities<span class=\"ls1 ws0\"> </span>Financial liabilities at<span class=\"_ _2\"></span> amortised cost<span class=\"_ _2\"></span><span class=\"ff17f ls1 ws0\"> </span>Accounts payables, excluding withholding and value<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls28\">adde<span class=\"_ _2\"></span>d ta<span class=\"_ _2\"></span>xes</span></span><span class=\"ls1 ws0\"><span class=\"ls28\"><span class=\"ls1\"> </span></span></span>117,080<span class=\"ls1 ws0\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span>117,080<span class=\"ls1 ws0\"> </span>117,080<span class=\"ls1 ws0\"> </span>88,320<span class=\"ls1 ws0\"> </span>\u2013<span class=\"ff17f\"> </span>88,320<span class=\"ls1 ws0\"> </span>88,320<span class=\"ls1 ws0\"> </span>Accrued expenses a<span class=\"_ _1\"></span>nd accrued voyage expenses<span class=\"_ _1\"></span><span class=\"ls29 ws42\">, ex<span class=\"_ _2\"></span>cluding co<span class=\"_ _2\"></span>ntract<span class=\"_ _2\"></span> liabilities a<span class=\"_ _2\"></span>nd </span>deferred rev<span class=\"_ _1\"></span>enue<span class=\"ls1 ws0\"> </span>282,144<span class=\"ls1 ws0\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span>282,144<span class=\"ls1 ws0\"> </span>282,144<span class=\"ls1 ws0\"> </span>291,209<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>\u2013<span class=\"ff17f\"> </span>291,209<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>291,209<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>Dividend paya<span class=\"_ _2\"></span>ble<span class=\"ls1 ws0\"> </span>53,177<span class=\"ls1 ws0\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span>53,177<span class=\"ls1 ws0\"> </span>53,177<span class=\"ls1 ws0\"> </span>66,972<span class=\"ls1 ws0\"> </span>\u2013<span class=\"ff17f\"> </span>66,972<span class=\"ls1 ws0\"> </span>66,972<span class=\"ls1 ws0\"> </span>Long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease<span class=\"_ _2\"></span> obligations,<span class=\"_ _2\"></span> includin<span class=\"_ _2\"></span>g curre<span class=\"_ _2\"></span>nt maturit<span class=\"_ _2\"></span>ies</span></span><span class=\"ls1 ws0\"> </span>75,032<span class=\"ls1 ws0\"> </span>327,156<span class=\"ls1 ws0\"> </span>402,<span class=\"_ _2\"></span>188<span class=\"ls1 ws0\"> </span>402,<span class=\"_ _2\"></span>188<span class=\"ls1 ws0\"> </span>58,581<span class=\"ls1 ws0\"> </span>285,430<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>344,011<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>344,011<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Short<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2e ws4c\">ter<span class=\"_ _2\"></span>m loans and l<span class=\"ls24 ws3b\">ong<span class=\"ls1 ws0\">-<span class=\"ls23 ws4b\">term<span class=\"_ _1\"></span> debt, includi<span class=\"_ _1\"></span>ng current maturi<span class=\"_ _1\"></span>ties<span class=\"ls1 ws0\"> <span class=\"ls2e ws5c\">and <span class=\"_ _1\"></span><span class=\"ls28 wsc0\">ex<span class=\"_ _2\"></span>cluding de<span class=\"_ _2\"></span>bt<span class=\"_ _195\"> </span></span></span></span></span></span></span></span></span>issuance costs<span class=\"_ _195\"> </span>361,550<span class=\"ls1 ws0\"> </span>1,855,520<span class=\"ls1 ws0\"> </span>2,21<span class=\"_ _2\"></span>7,070<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>2,32<span class=\"_ _2\"></span>6,668<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>200,446<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>1,<span class=\"_ _2\"></span>660,0<span class=\"_ _2\"></span>51<span class=\"ls1 ws0\"> </span>1,860,497<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>1,979,333<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Other cur<span class=\"_ _2\"></span>rent liabilit<span class=\"_ _2\"></span>ies<span class=\"ls1 ws0\"> </span>42,918<span class=\"ls1 ws0\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"ff17d\"> </span>42,918<span class=\"ls1 ws0\"> </span>42,918<span class=\"ls1 ws0\"> </span>56,031<span class=\"ls1 ws0\"> </span>\u2013<span class=\"ff17f\"> </span>56,031<span class=\"ls1 ws0\"> </span>56,031<span class=\"ls1 ws0\"> </span>931,901<span class=\"_ _195\"> </span>2,182,676<span class=\"_ _195\"> </span>3,11<span class=\"_ _2\"></span>4,577<span class=\"_ _195\"> </span>3,22<span class=\"_ _2\"></span>4,175<span class=\"_ _195\"> </span>761,559<span class=\"_ _195\"> </span>1,<span class=\"_ _2\"></span>945,4<span class=\"_ _2\"></span>81<span class=\"_ _195\"> </span>2,707,040<span class=\"_ _195\"> </span>2,825,876<span class=\"_ _195\"> </span>Matu<span class=\"_ _2\"></span>rity of f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial <span class=\"ls6d wsa9\">liabilit<span class=\"_ _1\"></span>ies<span class=\"ls1 ws0\">  </span></span><table class=\"s w17b h157\" id=\"_21c836a0-bbb1-4911-90c3-b06bf8ee7312\"><tr><td class=\"c x246 y2e61 w1a3 h158\"><div class=\"t m0 x245 h85 y2c8b ff193 fs3b fc2 sc0 ls65 ws9b\">For the yea<span class=\"_ _2\"></span>r ended <span class=\"_ _2\"></span>November 3<span class=\"_ _2\"></span>0, 20<span class=\"_ _195\"> </span></div><div class=\"t m0 x393 h85 y2e60 ff193 fs3b fc2 sc0 ls1b ws2f\">25<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x394 h85 y2e62 ff193 fs3b fc2 sc0 ls87 wsdc\">Less<span class=\"ls1 ws0\"> than<span class=\"_ _195\"> </span></span></td><td></td><td></td><td class=\"t m0 x38e h85 y2e62 ff193 fs3b fc2 sc0 ls65 ws99\">More<span class=\"ls1 ws0\"> than<span class=\"_ _195\"> </span></span></td><td></td></tr><tr><td class=\"c x24b y2e63 wd7 hb6\"><div class=\"t m0 x0 h85 y1c8e ff193 fs3b fc2 sc0 ls1 ws0\">(<span class=\"ls65 ws99\"></span><span class=\"ls65 ws99\">in</span> US $ thousands) </div></td><td class=\"c x29e y2e63 w54 hb6\"><div class=\"t m0 x15 h85 y1c8c ff193 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x1be h85 y1c8e ff193 fs3b fc2 sc0 ls1 ws0\">1 <span class=\"ls19 ws2d\">yr</span> </div></td><td class=\"c x29f y2e63 w34 hb6\"><div class=\"t m0 x185 h85 y1c8b ff193 fs3b fc2 sc0 ls1 ws0\">2-3 <span class=\"ls7c wsc3\">yrs</span> </div></td><td class=\"c x2fb y2e63 w20 hb6\"><div class=\"t m0 x185 h85 y1c8b ff193 fs3b fc2 sc0 ls1 ws0\">4-5 <span class=\"ls7c wsc3\">yrs</span> </div></td><td class=\"c x2a1 y2e63 w20 hb6\"><div class=\"t m0 x15 h85 y1c8c ff193 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x177 h85 y1c8e ff193 fs3b fc2 sc0 ls1 ws0\">5 <span class=\"ls7c wsc3\">yrs</span> </div></td><td class=\"c x2fa y2e63 w55 hb6\"><div class=\"t m0 x177 h85 y1c8b ff193 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2e64 wd7 h86\"><div class=\"t m0 x0 h87 y1c4c ff193 fs3a fc2 sc0 ls2c ws5a\">Contractual obligations<span class=\"_ _1\"></span>:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e65 wd7 h86\"><div class=\"t m0 x0 h88 y1bef ff194 fs3a fc2 sc0 ls24 ws3a\">Accounts payable, excluding withholding and value<span class=\"ls1 ws0\">-<span class=\"ls28\">added<span class=\"_ _2\"></span> taxe<span class=\"_ _2\"></span>s</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e65 w54 h86\"><div class=\"t m0 x180 h87 y1bef ff193 fs3a fc2 sc0 ls21 ws35\">117,<span class=\"_ _2\"></span>080<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e65 w34 h86\"><div class=\"t m0 x2d h87 y1bef ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fb y2e65 w20 h86\"><div class=\"t m0 x2d h87 y1bef ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2a1 y2e65 w20 h86\"><div class=\"t m0 x2d h87 y1bef ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e65 w55 h86\"><div class=\"t m0 x180 h87 y1bef ff193 fs3a fc2 sc0 ls21 ws35\">117,<span class=\"_ _2\"></span>080<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e66 wd7 h8a\"><div class=\"t m0 x0 h88 y1bff ff194 fs3a fc2 sc0 ls28 ws0\">Accr<span class=\"_ _2\"></span>ued e<span class=\"_ _2\"></span>xpens<span class=\"_ _2\"></span>es and di<span class=\"_ _2\"></span>viden<span class=\"_ _2\"></span>d pay<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span><span class=\"ls29 ws42\">, excluding<span class=\"_ _2\"></span> contr<span class=\"_ _2\"></span>act liabilities</span><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span><span class=\"ls1\">  </span></div></td><td class=\"c x29e y2e66 w54 h8a\"><div class=\"t m0 x180 h87 y1bff ff193 fs3a fc2 sc0 ls21 ws35\">361,<span class=\"_ _2\"></span>461<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e66 w34 h8a\"><div class=\"t m0 x2d h87 y1bff ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fb y2e66 w20 h8a\"><div class=\"t m0 x2d h87 y1bff ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2a1 y2e66 w20 h8a\"><div class=\"t m0 x2d h87 y1bff ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e66 w55 h8a\"><div class=\"t m0 x180 h87 y1bff ff193 fs3a fc2 sc0 ls21 ws35\">361,<span class=\"_ _2\"></span>461<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e67 wd7 h86\"><div class=\"t m0 x0 h88 y1bfa ff194 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease<span class=\"_ _2\"></span> liabilities,<span class=\"_ _2\"></span> includ<span class=\"_ _2\"></span>ing curr<span class=\"_ _2\"></span>ent maturit<span class=\"_ _2\"></span>ies</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e67 w54 h86\"><div class=\"t m0 x179 h87 y1bfa ff193 fs3a fc2 sc0 ls23 ws39\">75,032<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e67 w34 h86\"><div class=\"t m0 x180 h87 y1bfa ff193 fs3a fc2 sc0 ls21 ws35\">105,<span class=\"_ _2\"></span>225<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e67 w20 h86\"><div class=\"t m0 x179 h87 y1bfa ff193 fs3a fc2 sc0 ls23 ws39\">62,792<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e67 w20 h86\"><div class=\"t m0 x180 h87 y1bfa ff193 fs3a fc2 sc0 ls21 ws35\">159,<span class=\"_ _2\"></span>139<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e67 w55 h86\"><div class=\"t m0 x180 h87 y1bfa ff193 fs3a fc2 sc0 ls21 ws35\">402,<span class=\"_ _2\"></span>188<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e68 wd7 h86\"><div class=\"t m0 x0 h88 y1bf8 ff194 fs3a fc2 sc0 ls24 ws3a\">Interest on long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease l<span class=\"_ _2\"></span>iabilities</span></span><span class=\"ls1 ws0\"><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span> </span></div></td><td class=\"c x29e y2e68 w54 h86\"><div class=\"t m0 x179 h87 y1bf8 ff193 fs3a fc2 sc0 ls23 ws39\">20,426<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e68 w34 h86\"><div class=\"t m0 x179 h87 y1bf8 ff193 fs3a fc2 sc0 ls23 ws39\">29,249<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e68 w20 h86\"><div class=\"t m0 x179 h87 y1bf8 ff193 fs3a fc2 sc0 ls23 ws39\">19,878<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e68 w20 h86\"><div class=\"t m0 x179 h87 y1bf8 ff193 fs3a fc2 sc0 ls27 ws3f\">73<span class=\"ls23 ws39\">,524</span><span class=\"ls23 ws39\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2fa y2e68 w55 h86\"><div class=\"t m0 x180 h87 y1bf8 ff193 fs3a fc2 sc0 ls21 ws35\">143,<span class=\"_ _2\"></span>077<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e69 wd7 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff194 fs3a fc2 sc0 ls22 ws3e\">Short<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls24 ws3a\">term bank loans</span></span><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x29e y2e69 w54 h8a\"><div class=\"t m0 x179 h87 y1bf6 ff193 fs3a fc2 sc0 ls23 ws39\">65,000<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e69 w34 h8a\"><div class=\"t m0 x2d h87 y1bf6 ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fb y2e69 w20 h8a\"><div class=\"t m0 x2d h87 y1bf6 ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2a1 y2e69 w20 h8a\"><div class=\"t m0 x2d h87 y1bf6 ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e69 w55 h8a\"><div class=\"t m0 x179 h87 y1bf6 ff193 fs3a fc2 sc0 ls23 ws39\">65,000<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6a wd7 h8b\"><div class=\"t m0 x0 h88 y1c05 ff194 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls2a ws5a\">term de<span class=\"_ _2\"></span>bt<span class=\"_ _2\"></span></span>, <span class=\"_ _3\"></span><span class=\"ls24 ws3a\">including<span class=\"_ _2\"></span> current maturities</span></span><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x29e y2e6a w54 h8b\"><div class=\"t m0 x180 h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">296,<span class=\"_ _2\"></span>550<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6a w34 h8b\"><div class=\"t m0 x180 h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">652,<span class=\"_ _2\"></span>276<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e6a w20 h8b\"><div class=\"t m0 x180 h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">564,<span class=\"_ _2\"></span>356<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e6a w20 h8b\"><div class=\"t m0 x180 h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">638,<span class=\"_ _2\"></span>888<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e6a w55 h8b\"><div class=\"t m0 x17a h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">2,15<span class=\"_ _2\"></span>2,070<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6b wd7 h86\"><div class=\"t m0 x0 h88 y1bde ff194 fs3a fc2 sc0 ls24 ws3a\">Interest on long<span class=\"ls1 ws0\">-<span class=\"ls26 ws3d\">term deb<span class=\"_ _1\"></span>t</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x29e y2e6b w54 h86\"><div class=\"t m0 x180 h87 y1bde ff193 fs3a fc2 sc0 ls21 ws35\">110,<span class=\"_ _2\"></span>090<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6b w34 h86\"><div class=\"t m0 x180 h87 y1bde ff193 fs3a fc2 sc0 ls21 ws35\">182,<span class=\"_ _2\"></span>387<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e6b w20 h86\"><div class=\"t m0 x180 h87 y1bde ff193 fs3a fc2 sc0 ls21 ws35\">118,<span class=\"_ _2\"></span>276<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e6b w20 h86\"><div class=\"t m0 x179 h87 y1bde ff193 fs3a fc2 sc0 ls23 ws39\">96,926<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e6b w55 h86\"><div class=\"t m0 x180 h87 y1bde ff193 fs3a fc2 sc0 ls21 ws35\">507,<span class=\"_ _2\"></span>679<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6c wd7 h8a\"><div class=\"t m0 x0 h88 y1be0 ff194 fs3a fc2 sc0 ls29 ws42\">Derivative f<span class=\"_ _2\"></span>inancial lia<span class=\"_ _2\"></span>bilities<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e6c w54 h8a\"><div class=\"t m0 x185 h87 y1be0 ff193 fs3a fc2 sc0 ls21 ws35\">4,70<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6c w34 h8a\"><div class=\"t m0 x185 h87 y1be0 ff193 fs3a fc2 sc0 ls21 ws35\">7,04<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e6c w20 h8a\"><div class=\"t m0 x185 h87 y1be0 ff193 fs3a fc2 sc0 ls21 ws35\">6,98<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e6c w20 h8a\"><div class=\"t m0 x2d h87 y1be0 ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e6c w55 h8a\"><div class=\"t m0 x179 h87 y1be0 ff193 fs3a fc2 sc0 ls23 ws39\">18,730<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6d wd7 h86\"><div class=\"t m0 x0 h88 y1bde ff194 fs3a fc2 sc0 ls24 ws3a\">Other current<span class=\"ls1 ws0\"> <span class=\"ls29 ws44\">liabilities</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e6d w54 h86\"><div class=\"t m0 x179 h87 y1bde ff193 fs3a fc2 sc0 ls23 ws39\">42,918<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6d w34 h86\"><div class=\"t m0 x2d h87 y1bde ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fb y2e6d w20 h86\"><div class=\"t m0 x2d h87 y1bde ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2a1 y2e6d w20 h86\"><div class=\"t m0 x2d h87 y1bde ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e6d w55 h86\"><div class=\"t m0 x179 h87 y1bde ff193 fs3a fc2 sc0 ls23 ws39\">42,918<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6e wd7 h86\"><div class=\"t m0 x0 h87 y1be4 ff193 fs3a fc2 sc0 ls25 ws4d\">Total contractual obligations<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e6e w54 h86\"><div class=\"t m0 x17a h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">1,09<span class=\"_ _2\"></span>3,258<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6e w34 h86\"><div class=\"t m0 x180 h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">976,<span class=\"_ _2\"></span>182<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e6e w20 h86\"><div class=\"t m0 x180 h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">772,<span class=\"_ _2\"></span>286<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e6e w20 h86\"><div class=\"t m0 x180 h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">968,<span class=\"_ _2\"></span>477<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e6e w55 h86\"><div class=\"t m0 x17a h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">3,81<span class=\"_ _2\"></span>0,203<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table><table class=\"s w17b h159\" id=\"_7e447562-4eb7-427c-92a7-a51fc0881bd2\"><tr><td class=\"c x246 y2e6f w1a4 h115\"><div class=\"t m0 x245 h82 y29a6 ff194 fs3b fc2 sc0 ls1 ws32\">For the year<span class=\"_ _195\"> </span></div><div class=\"t m0 x395 h82 y29a6 ff194 fs3b fc2 sc0 ls1 ws0\">ended November <span class=\"ls69 wsa2\">30, 2024<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x394 h82 y2e70 ff194 fs3b fc2 sc0 ls7c wsc3\">Less<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">than<span class=\"_ _195\"> </span></span></span></td><td></td><td></td><td class=\"t m0 x38e h82 y2e70 ff194 fs3b fc2 sc0 ls65 ws99\">More<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">tha<span class=\"_ _2\"></span>n<span class=\"_ _195\"> </span></span></span></td><td></td></tr><tr><td class=\"c x24b y2e71 wd7 hc6\"><div class=\"t m0 x0 h82 y1c51 ff194 fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"c x29e y2e71 w54 hc6\"><div class=\"t m0 x15 h82 y2486 ff194 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x19f h82 y1d6f ff194 fs3b fc2 sc0 ls1 ws0\">1 <span class=\"ls69 wsbc\">yr</span> </div></td><td class=\"c x29f y2e71 w34 hc6\"><div class=\"t m0 x184 h82 y22db ff194 fs3b fc2 sc0 ls1 ws0\">2-3 <span class=\"ls69 wsbc\">yrs</span> </div></td><td class=\"c x2fb y2e71 w20 hc6\"><div class=\"t m0 x184 h82 y22db ff194 fs3b fc2 sc0 ls1 ws0\">4-5 <span class=\"ls69 wsbc\">yrs</span> </div></td><td class=\"c x2a1 y2e71 w20 hc6\"><div class=\"t m0 x15 h82 y2486 ff194 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x1a0 h82 y1d6f ff194 fs3b fc2 sc0 ls1 ws0\">5 <span class=\"ls69 wsbc\">yrs</span> </div></td><td class=\"c x2fa y2e71 w55 hc6\"><div class=\"t m0 x177 h82 y22db ff194 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2e72 wd7 h8a\"><div class=\"t m0 x0 h87 y1bf6 ff193 fs3a fc2 sc0 ls2c ws5a\">Contractual obligations<span class=\"_ _1\"></span>:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e73 wd7 h86\"><div class=\"t m0 x0 h88 y1bf8 ff194 fs3a fc2 sc0 ls24 ws3a\">Accounts payable, excluding withholding and value<span class=\"ls1 ws0\">-<span class=\"ls28\">added<span class=\"_ _2\"></span> taxe<span class=\"_ _2\"></span>s</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e73 w54 h86\"><div class=\"t m0 x183 h88 y1bf8 ff194 fs3a fc2 sc0 ls20 ws36\">88,320<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e73 w34 h86\"><div class=\"t m0 x2d h88 y1bf8 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fb y2e73 w20 h86\"><div class=\"t m0 x2d h88 y1bf8 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2a1 y2e73 w20 h86\"><div class=\"t m0 x2d h88 y1bf8 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fa y2e73 w55 h86\"><div class=\"t m0 x183 h88 y1bf8 ff194 fs3a fc2 sc0 ls20 ws36\">88,320<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e74 wd7 h86\"><div class=\"t m0 x0 h88 y1bde ff194 fs3a fc2 sc0 ls28 ws0\">Accr<span class=\"_ _2\"></span>ued e<span class=\"_ _2\"></span>xpens<span class=\"_ _2\"></span>es and di<span class=\"_ _2\"></span>viden<span class=\"_ _2\"></span>d pay<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span><span class=\"ls29 ws42\">, excluding<span class=\"_ _2\"></span> contr<span class=\"_ _2\"></span>act liabilities</span><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span><span class=\"ls1\">  </span></div></td><td class=\"c x29e y2e74 w54 h86\"><div class=\"t m0 x181 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">379,749<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e74 w34 h86\"><div class=\"t m0 x2d h88 y1bde ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fb y2e74 w20 h86\"><div class=\"t m0 x2d h88 y1bde ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2a1 y2e74 w20 h86\"><div class=\"t m0 x2d h88 y1bde ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fa y2e74 w55 h86\"><div class=\"t m0 x181 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">379,749<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e75 wd7 ha4\"><div class=\"t m0 x0 h88 y1be0 ff194 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease<span class=\"_ _2\"></span> liabilities,<span class=\"_ _2\"></span> includ<span class=\"_ _2\"></span>ing curr<span class=\"_ _2\"></span>ent maturit<span class=\"_ _2\"></span>ies</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e75 w54 ha4\"><div class=\"t m0 x183 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">58,581<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e75 w34 ha4\"><div class=\"t m0 x183 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">83,169<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e75 w20 ha4\"><div class=\"t m0 x183 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">51,368<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e75 w20 ha4\"><div class=\"t m0 x181 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">150,893<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e75 w55 ha4\"><div class=\"t m0 x181 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">344,011<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e76 wd7 h86\"><div class=\"t m0 x0 h88 y1bde ff194 fs3a fc2 sc0 ls24 ws3a\">Interest on long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease l<span class=\"_ _2\"></span>iabilities</span></span><span class=\"ls1 ws0\"><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span> </span></div></td><td class=\"c x29e y2e76 w54 h86\"><div class=\"t m0 x183 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">17,267<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e76 w34 h86\"><div class=\"t m0 x183 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">26,459<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e76 w20 h86\"><div class=\"t m0 x183 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">18,551<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e76 w20 h86\"><div class=\"t m0 x183 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">73,010<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e76 w55 h86\"><div class=\"t m0 x181 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">135,287<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e77 wd7 h86\"><div class=\"t m0 x0 h88 y1c05 ff194 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls24 ws3a\">term debt, including current<span class=\"_ _2\"></span> maturities</span></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span> </span></div></td><td class=\"c x29e y2e77 w54 h86\"><div class=\"t m0 x181 h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">200,446<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e77 w34 h86\"><div class=\"t m0 x181 h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">506,426<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e77 w20 h86\"><div class=\"t m0 x181 h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">605,365<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e77 w20 h86\"><div class=\"t m0 x181 h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">548,260<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e77 w55 h86\"><div class=\"t m0 x17b h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">1,860,497<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e78 wd7 h8a\"><div class=\"t m0 x0 h88 y1be6 ff194 fs3a fc2 sc0 ls24 ws3a\">Interest on long<span class=\"ls1 ws0\">-<span class=\"ls26 ws3d\">term deb<span class=\"_ _1\"></span>t</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x29e y2e78 w54 h8a\"><div class=\"t m0 x181 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">103,040<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e78 w34 h8a\"><div class=\"t m0 x181 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">170,949<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e78 w20 h8a\"><div class=\"t m0 x181 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">114,561<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e78 w20 h8a\"><div class=\"t m0 x183 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">93,865<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e78 w55 h8a\"><div class=\"t m0 x181 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">482,415<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e79 wd7 h86\"><div class=\"t m0 x0 h88 y1be4 ff194 fs3a fc2 sc0 ls29 ws42\">Derivative f<span class=\"_ _2\"></span>inancial lia<span class=\"_ _2\"></span>bilities<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e79 w54 h86\"><div class=\"t m0 x184 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">1,616<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e79 w34 h86\"><div class=\"t m0 x184 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">6,688<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e79 w20 h86\"><div class=\"t m0 x184 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">5,489<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e79 w20 h86\"><div class=\"t m0 x1a0 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">447<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e79 w55 h86\"><div class=\"t m0 x183 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">14,240<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e7a wd7 h86\"><div class=\"t m0 x0 h88 y1be2 ff194 fs3a fc2 sc0 ls24 ws3a\">Other current<span class=\"ls1 ws0\"> <span class=\"ls29 ws44\">liabilities</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e7a w54 h86\"><div class=\"t m0 x183 h88 y1be2 ff194 fs3a fc2 sc0 ls20 ws36\">56,031<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e7a w34 h86\"><div class=\"t m0 x2d h88 y1be2 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fb y2e7a w20 h86\"><div class=\"t m0 x2d h88 y1be2 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2a1 y2e7a w20 h86\"><div class=\"t m0 x2d h88 y1be2 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fa y2e7a w55 h86\"><div class=\"t m0 x183 h88 y1be2 ff194 fs3a fc2 sc0 ls20 ws36\">56,031<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e7b wd7 h8a\"><div class=\"t m0 x0 h87 y1c79 ff193 fs3a fc2 sc0 ls25 ws4d\">Total contractual obligations<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e7b w54 h8a\"><div class=\"t m0 x181 h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">905,050<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e7b w34 h8a\"><div class=\"t m0 x181 h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">793,691<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e7b w20 h8a\"><div class=\"t m0 x181 h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">795,334<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e7b w20 h8a\"><div class=\"t m0 x181 h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">866,475<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e7b w55 h8a\"><div class=\"t m0 x17b h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">3,360,550<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>Long<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">term debt i<span class=\"_ _2\"></span>n the table <span class=\"_ _2\"></span>above ex<span class=\"_ _2\"></span>cludes debt i<span class=\"_ _2\"></span>ssuance cost<span class=\"_ _2\"></span>s of $17<span class=\"_ _2\"></span>.7 million <span class=\"_ _2\"></span>as of bot<span class=\"_ _2\"></span>h Novemb<span class=\"_ _2\"></span>er</span> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">30, 2025 <span class=\"_ _2\"></span>and 2024<span class=\"ls2f ws70\">. Derivat<span class=\"_ _2\"></span>ive financial liabil<span class=\"_ _2\"></span>ities are<span class=\"_ _2\"></span> stated at<span class=\"_ _2\"></span> future undisco<span class=\"_ _2\"></span>unted cash f<span class=\"_ _2\"></span>lows; </span></span></span>theref<span class=\"_ _2\"></span>ore<span class=\"_ _2\"></span>, they<span class=\"_ _2\"></span> do<span class=\"_ _2\"></span> not ag<span class=\"_ _2\"></span>ree <span class=\"_ _2\"></span>to th<span class=\"_ _2\"></span>e bal<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> sheet<span class=\"_ _2\"></span>.<span class=\"_ _195\"> </span><span class=\"ls1 ws0\"> </span>Dividends<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Dividends recomme<span class=\"_ _2\"></span>nded by the <span class=\"_ _2\"></span>Board of Dir<span class=\"_ _2\"></span>ectors are rec<span class=\"_ _2\"></span>ognised in th<span class=\"_ _2\"></span>e Financial Stat<span class=\"_ _2\"></span>ements wh<span class=\"_ _2\"></span>en they ha<span class=\"_ _2\"></span>ve been <span class=\"_ _2\"></span>approved b<span class=\"_ _2\"></span>y<span class=\"ls1 ws0\"> <span class=\"ls4b ws77\">the</span> s<span class=\"_ _1\"></span><span class=\"ls49 wsaa\">har<span class=\"_ _2\"></span>ehol<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span>s at <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> Ann<span class=\"_ _2\"></span>ual G<span class=\"_ _2\"></span>ene<span class=\"_ _2\"></span>ral<span class=\"_ _2\"></span> Meet<span class=\"_ _2\"></span>ing.<span class=\"_ _2\"></span> Int<span class=\"_ _2\"></span>erim<span class=\"_ _2\"></span> divi<span class=\"_ _2\"></span>de<span class=\"_ _2\"></span>nds ar<span class=\"_ _2\"></span>e </span></span>recognised<span class=\"_ _2\"></span> when app<span class=\"_ _2\"></span>roved b<span class=\"_ _2\"></span>y th<span class=\"_ _2\"></span>e Board of <span class=\"_ _2\"></span>Direct<span class=\"_ _2\"></span>ors.<span class=\"ls1 ws0\"> </span>Dividen<span class=\"_ _2\"></span>ds<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>On No<span class=\"_ _2\"></span>vembe<span class=\"_ _2\"></span>r 6,<span class=\"_ _2\"></span> 2025<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> Com<span class=\"_ _2\"></span>pany\u2019s<span class=\"_ _2\"></span> Board<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> Direc<span class=\"_ _2\"></span>tor<span class=\"_ _2\"></span>s dec<span class=\"_ _2\"></span>lare<span class=\"_ _2\"></span>d an i<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>rim d<span class=\"_ _2\"></span>ivide<span class=\"_ _2\"></span>nd of<span class=\"_ _2\"></span> $<span><span class=\"gs6e2\" id=\"__140\">1. 00</span></span> pe<span class=\"_ _2\"></span>r Comm<span class=\"_ _2\"></span>on sh<span class=\"_ _2\"></span>are a<span class=\"_ _2\"></span>nd $<span><span class=\"gs6e2\" id=\"__141\">0 .005</span></span> p<span class=\"_ _2\"></span>er <span class=\"_ _2\"></span>Founde<span class=\"_ _2\"></span>r\u2019s s<span class=\"_ _2\"></span>hare<span class=\"_ _2\"></span> to s<span class=\"_ _2\"></span>hare<span class=\"_ _2\"></span>holde<span class=\"_ _2\"></span>rs <span class=\"_ _2\"></span>of re<span class=\"_ _2\"></span>cord <span class=\"_ _2\"></span>as of<span class=\"_ _2\"></span> Nove<span class=\"_ _2\"></span>mber<span class=\"_ _2\"></span> 20<span class=\"_ _2\"></span>, 2025. The total amount of the dividend was $53.1 million, which <span class=\"_ _2\"></span>was cla<span class=\"ls2f ws70\">ssified as <span class=\"_ _2\"></span>an interim<span class=\"_ _2\"></span> </span>dividend and p<span class=\"_ _2\"></span>aid on Decem<span class=\"_ _2\"></span>ber 3, 2025<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span>On Feb<span class=\"_ _2\"></span>ruary<span class=\"_ _2\"></span> 11<span class=\"_ _2\"></span>, 2025<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> Comp<span class=\"_ _2\"></span>any<span class=\"_ _2\"></span>\u2019s Bo<span class=\"_ _2\"></span>ard o<span class=\"_ _2\"></span>f D<span class=\"_ _2\"></span>irecto<span class=\"_ _2\"></span>rs re<span class=\"_ _2\"></span>com<span class=\"_ _2\"></span>mended<span class=\"_ _2\"></span> a fi<span class=\"_ _2\"></span>nal di<span class=\"_ _2\"></span>vide<span class=\"_ _2\"></span>nd f<span class=\"_ _2\"></span>or 20<span class=\"_ _2\"></span>24 of<span class=\"_ _2\"></span> $<span>1.25</span><span class=\"_ _2\"></span> per<span class=\"_ _2\"></span> Common<span class=\"_ _2\"></span> sha<span class=\"_ _2\"></span>re. T<span class=\"_ _2\"></span>he di<span class=\"_ _2\"></span>vidend<span class=\"_ _2\"></span> was<span class=\"_ _2\"></span> ap<span class=\"_ _2\"></span>proved<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span>\u2019s A<span class=\"_ _2\"></span>nnual<span class=\"_ _2\"></span> Gene<span class=\"_ _2\"></span>ral Me<span class=\"_ _2\"></span>eti<span class=\"_ _2\"></span>ng fo<span class=\"_ _2\"></span>r shareh<span class=\"_ _2\"></span>olde<span class=\"_ _2\"></span>rs held<span class=\"_ _2\"></span> o<span class=\"_ _2\"></span>n Apri<span class=\"_ _2\"></span>l 17<span class=\"_ _2\"></span>, 20<span class=\"_ _2\"></span>25<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws50\">i<span class=\"_ _2\"></span>n Berm<span class=\"_ _2\"></span>uda.<span class=\"_ _2\"></span> The <span class=\"_ _2\"></span>total<span class=\"_ _2\"></span> amo<span class=\"_ _2\"></span>unt o<span class=\"_ _2\"></span>f the<span class=\"_ _2\"></span> divid<span class=\"_ _2\"></span>end<span class=\"_ _2\"></span> was<span class=\"_ _2\"></span> $67.1<span class=\"_ _2\"></span> mil<span class=\"_ _2\"></span>lio<span class=\"_ _2\"></span>n </span></span>and was <span class=\"ls31 ws51\">paid on May 7, 2025. This brings the total dividends for 2024 to $2.50 per share.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>On No<span class=\"_ _2\"></span>vembe<span class=\"_ _2\"></span>r 7,<span class=\"_ _2\"></span> 2024<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> Com<span class=\"_ _2\"></span>pany\u2019s<span class=\"_ _2\"></span> Board<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> Direc<span class=\"_ _2\"></span>tor<span class=\"_ _2\"></span>s dec<span class=\"_ _2\"></span>lare<span class=\"_ _2\"></span>d an i<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>rim d<span class=\"_ _2\"></span>ivide<span class=\"_ _2\"></span>nd of<span class=\"_ _2\"></span> $<span><span class=\"gs6e2\" id=\"__142\">1. 25</span></span> pe<span class=\"_ _2\"></span>r Common share and $<span>0.005</span> per<span class=\"ls1 ws0\"> <span class=\"ff1eb ls30 ws50\">Founder\u2019<span class=\"_ _2\"></span>s sha<span class=\"_ _2\"></span>re to<span class=\"_ _2\"></span> sha<span class=\"_ _2\"></span>rehold<span class=\"_ _2\"></span>ers<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>reco<span class=\"_ _2\"></span>rd as<span class=\"_ _2\"></span> of N<span class=\"_ _2\"></span>ovemb<span class=\"_ _2\"></span>er 22<span class=\"_ _2\"></span>, </span></span>2024. The total amount of the dividend was $67.0 million, which <span class=\"_ _2\"></span>was<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls54 ws83\">cla<span class=\"ls2f ws70\">s<span class=\"_ _2\"></span>sified as <span class=\"_ _2\"></span>an interim </span></span></span>dividend and <span class=\"ls30 ws52\">w<span class=\"_ _2\"></span>as <span class=\"ls31 ws51\">paid on December 4, 2024.<span class=\"_ _195\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-647": {
   "value": "<table class=\"s w14c h154\" id=\"_9d4dc921-35fb-4e70-ae38-d35b44cf76c8\"><tr><td></td><td></td><td></td><td class=\"c x384 y2e3f wd3 h80\"><div class=\"t m0 x220 h85 y1bd2 ff185 fs3b fc2 sc0 ls65 ws9b\">November 30<span class=\"_ _2\"></span>, 20<span class=\"ls1b ws2f\">25</span><span class=\"ls1b ws2f\"><span class=\"ls1 ws0\"> </span></span></div></td><td></td><td></td><td></td><td class=\"c x32c y2e3f wd4 h80\"><div class=\"t m0 x220 h82 y1bd2 ff184 fs3b fc2 sc0 ls1 ws32\">November 30, 20<span class=\"ls78 wsbd\">24</span><span class=\"ws0\"> </span></div></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c x386 y2e40 w5f hb4\"><div class=\"t m0 x17e h85 y1c8c ff185 fs3b fc2 sc0 ls1 ws9a\">Total carrying </div></td><td></td><td></td><td></td><td class=\"c x2b2 y2e40 w5f hb4\"><div class=\"t m0 x19a h82 y1c8c ff184 fs3b fc2 sc0 ls1e ws2f\">Total carrying </div></td><td></td></tr><tr><td class=\"c x246 y2e41 w150 h102\"><div class=\"t m0 x245 h82 y29a6 ff184 fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2b9 h82 y29a7 ff184 fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x2e6 h85 y2e42 ff185 fs3b fc2 sc0 ls65 ws99\">Current<span class=\"_ _195\"> </span></td><td class=\"t m0 x38a h85 y2e42 ff185 fs3b fc2 sc0 ls1d ws31\">Non<span class=\"ls1 ws0\">-current<span class=\"_ _195\"> </span></span></td><td class=\"t m0 x300 h85 y2e42 ff185 fs3b fc2 sc0 ls65 ws99\">value<span class=\"_ _195\"> </span></td><td class=\"t m0 x390 h85 y2e42 ff185 fs3b fc2 sc0 ls65 ws99\">Fair <span class=\"ls1 ws0\">v</span>alue<span class=\"_ _195\"> </span></td><td class=\"t m0 x323 h82 y2e42 ff184 fs3b fc2 sc0 ls38 ws5e\">Curre<span class=\"_ _1\"></span>nt<span class=\"_ _195\"> </span></td><td class=\"t m0 x391 h82 y2e42 ff184 fs3b fc2 sc0 ls1 ws0\">Non-<span class=\"ls1e ws32\">current<span class=\"_ _195\"> </span></span></td><td class=\"t m0 x2ad h82 y2e42 ff184 fs3b fc2 sc0 ls2d ws4a\">value<span class=\"_ _195\"> </span></td><td class=\"t m0 x392 h82 y2e42 ff184 fs3b fc2 sc0 ls1e ws32\">Fair <span class=\"ls1 ws0\">v<span class=\"ls2d ws4a\">alue<span class=\"_ _195\"> </span></span></span></td></tr><tr><td class=\"c x24b y2e43 wcf h86\"><div class=\"t m0 x0 h87 y1bf4 ff185 fs3a fc2 sc0 ls2c ws5a\">Derivative Financial Ins<span class=\"_ _1\"></span>truments at<span class=\"ls1 ws0\"> F<span class=\"_ _1\"></span><span class=\"ls2e ws5c\">air<span class=\"ls1 ws0\"> V<span class=\"_ _1\"></span><span class=\"ls2e ws5c\">alue</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls2e ws5c\"><span class=\"ls1 ws0\"><span class=\"ls2e ws5c\"><span class=\"_ _2\"></span><span class=\"ff186 ls1 ws0\"> </span></span></span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e44 wcf h8a\"><div class=\"t m0 x0 h91 y1c3f ff187 fs3a fc2 sc0 ls1f ws43\">Assets<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e45 wcf h86\"><div class=\"t m0 x0 h88 y1bf4 ff184 fs3a fc2 sc0 ls24 ws3a\">Foreign currency exchange contr<span class=\"_ _2\"></span>acts <span class=\"ff188 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff184\"> <span class=\"ls24 ws3a\">cash flow hedges</span></span></span><span class=\"ff188 ls1 ws0\"><span class=\"ff184\"> </span></span></div></td><td class=\"c x384 y2e45 w5e h86\"><div class=\"t m0 x187 h87 y1bf4 ff185 fs3a fc2 sc0 ls21 ws35\">3,68<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e45 wc6 h86\"><div class=\"t m0 x1be h87 y1bf4 ff189 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff185\"> </span></div></td><td class=\"c x386 y2e45 w5f h86\"><div class=\"t m0 x187 h87 y1bf4 ff185 fs3a fc2 sc0 ls21 ws35\">3,68<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e45 w5e h86\"><div class=\"t m0 x187 h87 y1bf4 ff185 fs3a fc2 sc0 ls21 ws35\">3,68<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e45 w5c h86\"><div class=\"t m0 x179 h88 y1bf4 ff184 fs3a fc2 sc0 ls20 ws36\">3,142<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e45 w5f h86\"><div class=\"t m0 x1be h88 y1bf4 ff188 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff184\"> </span></div></td><td class=\"c x2b2 y2e45 w5f h86\"><div class=\"t m0 x179 h88 y1bf4 ff184 fs3a fc2 sc0 ls20 ws36\">3,142<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e45 w5c h86\"><div class=\"t m0 x179 h88 y1bf4 ff184 fs3a fc2 sc0 ls20 ws36\">3,142<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e46 wcf h86\"><div class=\"t m0 x0 h88 y1bef ff184 fs3a fc2 sc0 ls26 ws3d\">Interest rate swaps<span class=\"ls1 ws0\"> <span class=\"_ _3\"></span><span class=\"ff188\">\u2013<span class=\"ff184\"> <span class=\"ls24 ws3a\">cash f<span class=\"_ _1\"></span>low hed<span class=\"_ _2\"></span>ges</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ff188\"><span class=\"ff184\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></span></span></div></td><td class=\"c x384 y2e46 w5e h86\"><div class=\"t m0 x187 h87 y1bef ff185 fs3a fc2 sc0 ls21 ws35\">2,95<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e46 wc6 h86\"><div class=\"t m0 x185 h87 y1bef ff185 fs3a fc2 sc0 ls21 ws35\">411<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e46 w5f h86\"><div class=\"t m0 x187 h87 y1bef ff185 fs3a fc2 sc0 ls21 ws35\">3,36<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e46 w5e h86\"><div class=\"t m0 x187 h87 y1bef ff185 fs3a fc2 sc0 ls21 ws35\">3,36<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e46 w5c h86\"><div class=\"t m0 x179 h88 y1bef ff184 fs3a fc2 sc0 ls20 ws36\">3,283<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e46 w5f h86\"><div class=\"t m0 x179 h88 y1bef ff184 fs3a fc2 sc0 ls20 ws36\">2,337<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e46 w5f h86\"><div class=\"t m0 x179 h88 y1bef ff184 fs3a fc2 sc0 ls20 ws36\">5,620<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e46 w5c h86\"><div class=\"t m0 x179 h88 y1bef ff184 fs3a fc2 sc0 ls20 ws36\">5,620<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e47 wcf h8c\"><div class=\"t m0 x0 h88 y1c4d ff184 fs3a fc2 sc0 ls22 ws3e\">Cross<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls22 ws37\">currency interest ra<span class=\"_ _1\"></span>te swaps<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ff188\">\u2013<span class=\"ff184\"> <span class=\"_ _1\"></span><span class=\"ls24 ws3a\">cash flow he<span class=\"_ _2\"></span>dges</span></span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls22 ws37\"><span class=\"ls1 ws0\"><span class=\"ff188\"><span class=\"ff184\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></span></span></span></span></div></td><td class=\"c x384 y2e47 w5e h8c\"><div class=\"t m0 x185 h87 y1c4d ff185 fs3a fc2 sc0 ls21 ws35\">490<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e47 wc6 h8c\"><div class=\"t m0 x187 h87 y1c4d ff185 fs3a fc2 sc0 ls21 ws35\">3,58<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e47 w5f h8c\"><div class=\"t m0 x187 h87 y1c4d ff185 fs3a fc2 sc0 ls21 ws35\">4,07<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e47 w5e h8c\"><div class=\"t m0 x187 h87 y1c4d ff185 fs3a fc2 sc0 ls21 ws35\">4,07<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e47 w5c h8c\"><div class=\"t m0 x184 h88 y1c4d ff184 fs3a fc2 sc0 ls20 ws36\">189<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e47 w5f h8c\"><div class=\"t m0 x1be h88 y1c4d ff188 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff184\"> </span></div></td><td class=\"c x2b2 y2e47 w5f h8c\"><div class=\"t m0 x184 h88 y1c4d ff184 fs3a fc2 sc0 ls20 ws36\">189<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e47 w5c h8c\"><div class=\"t m0 x184 h88 y1c4d ff184 fs3a fc2 sc0 ls20 ws36\">189<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e48 wcf h89\"><div class=\"t m0 x0 h88 y1bfa ff184 fs3a fc2 sc0 ls22 ws37\">Carbon emi<span class=\"_ _1\"></span>ssion forward con<span class=\"_ _1\"></span>tracts <span class=\"ff188 ls1 ws0\">\u2013<span class=\"ff184\"> <span class=\"_ _1\"></span><span class=\"ls24 ws3a\">cash flow hedges</span></span></span><span class=\"ff188 ls1 ws0\"><span class=\"ff184\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></span></div></td><td class=\"c x384 y2e48 w5e h89\"><div class=\"t m0 x187 h87 y1bfa ff185 fs3a fc2 sc0 ls21 ws35\">1,32<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e48 wc6 h89\"><div class=\"t m0 x1be h87 y1bfa ff189 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff185\"> </span></div></td><td class=\"c x386 y2e48 w5f h89\"><div class=\"t m0 x187 h87 y1bfa ff185 fs3a fc2 sc0 ls21 ws35\">1,32<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e48 w5e h89\"><div class=\"t m0 x187 h87 y1bfa ff185 fs3a fc2 sc0 ls21 ws35\">1,32<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e48 w5c h89\"><div class=\"t m0 x184 h88 y1bfa ff184 fs3a fc2 sc0 ls20 ws36\">400<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e48 w5f h89\"><div class=\"t m0 x1be h88 y1bfa ff188 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff184\"> </span></div></td><td class=\"c x2b2 y2e48 w5f h89\"><div class=\"t m0 x184 h88 y1bfa ff184 fs3a fc2 sc0 ls20 ws36\">400<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e48 w5c h89\"><div class=\"t m0 x184 h88 y1bfa ff184 fs3a fc2 sc0 ls20 ws36\">400<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x384 y2e49 w5e h8b\"><div class=\"t m0 x187 h87 y1c50 ff185 fs3a fc2 sc0 ls21 ws35\">8,44<span class=\"_ _2\"></span>9<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e49 wc6 h8b\"><div class=\"t m0 x187 h87 y1c50 ff185 fs3a fc2 sc0 ls21 ws35\">3,99<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e49 w5f h8b\"><div class=\"t m0 x17f h87 y1c50 ff185 fs3a fc2 sc0 ls23 ws39\">12,441<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e49 w5e h8b\"><div class=\"t m0 x17f h87 y1c50 ff185 fs3a fc2 sc0 ls23 ws39\">12,441<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e49 w5c h8b\"><div class=\"t m0 x179 h88 y1c50 ff184 fs3a fc2 sc0 ls20 ws36\">7,014<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e49 w5f h8b\"><div class=\"t m0 x179 h88 y1c50 ff184 fs3a fc2 sc0 ls20 ws36\">2,337<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e49 w5f h8b\"><div class=\"t m0 x179 h88 y1c50 ff184 fs3a fc2 sc0 ls20 ws36\">9,351<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e49 w5c h8b\"><div class=\"t m0 x179 h88 y1c50 ff184 fs3a fc2 sc0 ls20 ws36\">9,351<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e4a wcf h8e\"><div class=\"t m0 x0 h91 y244b ff187 fs3a fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x0 h88 y1bdc ff187 fs3a fc2 sc0 ls25 ws41\">Liabilities<span class=\"ff184 ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e4b wcf h86\"><div class=\"t m0 x0 h88 y1bde ff184 fs3a fc2 sc0 ls22 ws3e\">Cross<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls22 ws37\">currency interest ra<span class=\"_ _1\"></span>te swaps <span class=\"ff188 ls1 ws0\">\u2013<span class=\"ff184\"> <span class=\"_ _3\"></span><span class=\"ls24 ws3a\">c<span class=\"_ _2\"></span>ash flow hedges</span></span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls22 ws37\"><span class=\"ff188 ls1 ws0\"><span class=\"ff184\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></span></span></span></div></td><td class=\"c x384 y2e4b w5e h86\"><div class=\"t m0 x185 h87 y1bde ff185 fs3a fc2 sc0 ls21 ws35\">265<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e4b wc6 h86\"><div class=\"t m0 x187 h87 y1bde ff185 fs3a fc2 sc0 ls21 ws35\">4,31<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e4b w5f h86\"><div class=\"t m0 x187 h87 y1bde ff185 fs3a fc2 sc0 ls21 ws35\">4,57<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e4b w5e h86\"><div class=\"t m0 x187 h87 y1bde ff185 fs3a fc2 sc0 ls21 ws35\">4,57<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e4b w5c h86\"><div class=\"t m0 x184 h88 y1bde ff184 fs3a fc2 sc0 ls20 ws36\">776<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e4b w5f h86\"><div class=\"t m0 x179 h88 y1bde ff184 fs3a fc2 sc0 ls20 ws36\">7,860<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e4b w5f h86\"><div class=\"t m0 x179 h88 y1bde ff184 fs3a fc2 sc0 ls20 ws36\">8,636<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e4b w5c h86\"><div class=\"t m0 x179 h88 y1bde ff184 fs3a fc2 sc0 ls20 ws36\">8,636<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e4c wcf h8a\"><div class=\"t m0 x0 h88 y1c2d ff184 fs3a fc2 sc0 ls24 ws3a\">Foreign currency exchange contr<span class=\"_ _2\"></span>acts<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ff188\">\u2013<span class=\"ff184\"> <span class=\"_ _3\"></span><span class=\"ls24 ws3a\">c<span class=\"_ _2\"></span>ash flow hedges</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ff188\"><span class=\"ff184\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></span></span></div></td><td class=\"c x384 y2e4c w5e h8a\"><div class=\"t m0 x187 h87 y1c2d ff185 fs3a fc2 sc0 ls21 ws35\">1,33<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e4c wc6 h8a\"><div class=\"t m0 x1be h87 y1c2d ff189 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff185\"> </span></div></td><td class=\"c x386 y2e4c w5f h8a\"><div class=\"t m0 x187 h87 y1c2d ff185 fs3a fc2 sc0 ls21 ws35\">1,33<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e4c w5e h8a\"><div class=\"t m0 x187 h87 y1c2d ff185 fs3a fc2 sc0 ls21 ws35\">1,33<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e4c w5c h8a\"><div class=\"t m0 x179 h88 y1c2d ff184 fs3a fc2 sc0 ls20 ws36\">5,720<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e4c w5f h8a\"><div class=\"t m0 x1be h88 y1c2d ff188 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff184\"> </span></div></td><td class=\"c x2b2 y2e4c w5f h8a\"><div class=\"t m0 x179 h88 y1c2d ff184 fs3a fc2 sc0 ls20 ws36\">5,720<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e4c w5c h8a\"><div class=\"t m0 x179 h88 y1c2d ff184 fs3a fc2 sc0 ls20 ws36\">5,720<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e4d wcf h86\"><div class=\"t m0 x0 h88 y1bde ff184 fs3a fc2 sc0 ls26 ws3d\">Interest rate swaps<span class=\"ls1 ws0\"> <span class=\"_ _3\"></span><span class=\"ff188\">\u2013<span class=\"ff184\"> <span class=\"ls24 ws3a\">cash f<span class=\"_ _1\"></span>low hed<span class=\"_ _2\"></span>ges</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ff188\"><span class=\"ff184\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></span></span></div></td><td class=\"c x384 y2e4d w5e h86\"><div class=\"t m0 x187 h87 y1bde ff185 fs3a fc2 sc0 ls21 ws35\">2,65<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e4d wc6 h86\"><div class=\"t m0 x187 h87 y1bde ff185 fs3a fc2 sc0 ls21 ws35\">7,01<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e4d w5f h86\"><div class=\"t m0 x187 h87 y1bde ff185 fs3a fc2 sc0 ls21 ws35\">9,66<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e4d w5e h86\"><div class=\"t m0 x187 h87 y1bde ff185 fs3a fc2 sc0 ls21 ws35\">9,66<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e4d w5c h86\"><div class=\"t m0 x184 h88 y1bde ff184 fs3a fc2 sc0 ls20 ws36\">846<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e4d w5f h86\"><div class=\"t m0 x179 h88 y1bde ff184 fs3a fc2 sc0 ls20 ws36\">4,811<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e4d w5f h86\"><div class=\"t m0 x179 h88 y1bde ff184 fs3a fc2 sc0 ls20 ws36\">5,657<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e4d w5c h86\"><div class=\"t m0 x179 h88 y1bde ff184 fs3a fc2 sc0 ls20 ws36\">5,657<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x384 y2e4e w5e h86\"><div class=\"t m0 x187 h87 y1be4 ff185 fs3a fc2 sc0 ls21 ws35\">4,24<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x385 y2e4e wc6 h86\"><div class=\"t m0 x17f h87 y1be4 ff185 fs3a fc2 sc0 ls23 ws39\">11,320<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x386 y2e4e w5f h86\"><div class=\"t m0 x17f h87 y1be4 ff185 fs3a fc2 sc0 ls23 ws39\">15,566<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x387 y2e4e w5e h86\"><div class=\"t m0 x17f h87 y1be4 ff185 fs3a fc2 sc0 ls23 ws39\">15,566<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x32c y2e4e w5c h86\"><div class=\"t m0 x179 h88 y1be4 ff184 fs3a fc2 sc0 ls20 ws36\">7,342<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x388 y2e4e w5f h86\"><div class=\"t m0 x180 h88 y1be4 ff184 fs3a fc2 sc0 ls20 ws36\">12,671<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2b2 y2e4e w5f h86\"><div class=\"t m0 x180 h88 y1be4 ff184 fs3a fc2 sc0 ls20 ws36\">20,013<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2ae y2e4e w5c h86\"><div class=\"t m0 x180 h88 y1be4 ff184 fs3a fc2 sc0 ls20 ws36\">20,013<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table><table class=\"s w17b h157\" id=\"_21c836a0-bbb1-4911-90c3-b06bf8ee7312\"><tr><td class=\"c x246 y2e61 w1a3 h158\"><div class=\"t m0 x245 h85 y2c8b ff193 fs3b fc2 sc0 ls65 ws9b\">For the yea<span class=\"_ _2\"></span>r ended <span class=\"_ _2\"></span>November 3<span class=\"_ _2\"></span>0, 20<span class=\"_ _195\"> </span></div><div class=\"t m0 x393 h85 y2e60 ff193 fs3b fc2 sc0 ls1b ws2f\">25<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x394 h85 y2e62 ff193 fs3b fc2 sc0 ls87 wsdc\">Less<span class=\"ls1 ws0\"> than<span class=\"_ _195\"> </span></span></td><td></td><td></td><td class=\"t m0 x38e h85 y2e62 ff193 fs3b fc2 sc0 ls65 ws99\">More<span class=\"ls1 ws0\"> than<span class=\"_ _195\"> </span></span></td><td></td></tr><tr><td class=\"c x24b y2e63 wd7 hb6\"><div class=\"t m0 x0 h85 y1c8e ff193 fs3b fc2 sc0 ls1 ws0\">(<span class=\"ls65 ws99\"></span><span class=\"ls65 ws99\">in</span> US $ thousands) </div></td><td class=\"c x29e y2e63 w54 hb6\"><div class=\"t m0 x15 h85 y1c8c ff193 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x1be h85 y1c8e ff193 fs3b fc2 sc0 ls1 ws0\">1 <span class=\"ls19 ws2d\">yr</span> </div></td><td class=\"c x29f y2e63 w34 hb6\"><div class=\"t m0 x185 h85 y1c8b ff193 fs3b fc2 sc0 ls1 ws0\">2-3 <span class=\"ls7c wsc3\">yrs</span> </div></td><td class=\"c x2fb y2e63 w20 hb6\"><div class=\"t m0 x185 h85 y1c8b ff193 fs3b fc2 sc0 ls1 ws0\">4-5 <span class=\"ls7c wsc3\">yrs</span> </div></td><td class=\"c x2a1 y2e63 w20 hb6\"><div class=\"t m0 x15 h85 y1c8c ff193 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x177 h85 y1c8e ff193 fs3b fc2 sc0 ls1 ws0\">5 <span class=\"ls7c wsc3\">yrs</span> </div></td><td class=\"c x2fa y2e63 w55 hb6\"><div class=\"t m0 x177 h85 y1c8b ff193 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2e64 wd7 h86\"><div class=\"t m0 x0 h87 y1c4c ff193 fs3a fc2 sc0 ls2c ws5a\">Contractual obligations<span class=\"_ _1\"></span>:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e65 wd7 h86\"><div class=\"t m0 x0 h88 y1bef ff194 fs3a fc2 sc0 ls24 ws3a\">Accounts payable, excluding withholding and value<span class=\"ls1 ws0\">-<span class=\"ls28\">added<span class=\"_ _2\"></span> taxe<span class=\"_ _2\"></span>s</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e65 w54 h86\"><div class=\"t m0 x180 h87 y1bef ff193 fs3a fc2 sc0 ls21 ws35\">117,<span class=\"_ _2\"></span>080<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e65 w34 h86\"><div class=\"t m0 x2d h87 y1bef ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fb y2e65 w20 h86\"><div class=\"t m0 x2d h87 y1bef ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2a1 y2e65 w20 h86\"><div class=\"t m0 x2d h87 y1bef ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e65 w55 h86\"><div class=\"t m0 x180 h87 y1bef ff193 fs3a fc2 sc0 ls21 ws35\">117,<span class=\"_ _2\"></span>080<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e66 wd7 h8a\"><div class=\"t m0 x0 h88 y1bff ff194 fs3a fc2 sc0 ls28 ws0\">Accr<span class=\"_ _2\"></span>ued e<span class=\"_ _2\"></span>xpens<span class=\"_ _2\"></span>es and di<span class=\"_ _2\"></span>viden<span class=\"_ _2\"></span>d pay<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span><span class=\"ls29 ws42\">, excluding<span class=\"_ _2\"></span> contr<span class=\"_ _2\"></span>act liabilities</span><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span><span class=\"ls1\">  </span></div></td><td class=\"c x29e y2e66 w54 h8a\"><div class=\"t m0 x180 h87 y1bff ff193 fs3a fc2 sc0 ls21 ws35\">361,<span class=\"_ _2\"></span>461<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e66 w34 h8a\"><div class=\"t m0 x2d h87 y1bff ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fb y2e66 w20 h8a\"><div class=\"t m0 x2d h87 y1bff ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2a1 y2e66 w20 h8a\"><div class=\"t m0 x2d h87 y1bff ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e66 w55 h8a\"><div class=\"t m0 x180 h87 y1bff ff193 fs3a fc2 sc0 ls21 ws35\">361,<span class=\"_ _2\"></span>461<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e67 wd7 h86\"><div class=\"t m0 x0 h88 y1bfa ff194 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease<span class=\"_ _2\"></span> liabilities,<span class=\"_ _2\"></span> includ<span class=\"_ _2\"></span>ing curr<span class=\"_ _2\"></span>ent maturit<span class=\"_ _2\"></span>ies</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e67 w54 h86\"><div class=\"t m0 x179 h87 y1bfa ff193 fs3a fc2 sc0 ls23 ws39\">75,032<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e67 w34 h86\"><div class=\"t m0 x180 h87 y1bfa ff193 fs3a fc2 sc0 ls21 ws35\">105,<span class=\"_ _2\"></span>225<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e67 w20 h86\"><div class=\"t m0 x179 h87 y1bfa ff193 fs3a fc2 sc0 ls23 ws39\">62,792<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e67 w20 h86\"><div class=\"t m0 x180 h87 y1bfa ff193 fs3a fc2 sc0 ls21 ws35\">159,<span class=\"_ _2\"></span>139<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e67 w55 h86\"><div class=\"t m0 x180 h87 y1bfa ff193 fs3a fc2 sc0 ls21 ws35\">402,<span class=\"_ _2\"></span>188<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e68 wd7 h86\"><div class=\"t m0 x0 h88 y1bf8 ff194 fs3a fc2 sc0 ls24 ws3a\">Interest on long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease l<span class=\"_ _2\"></span>iabilities</span></span><span class=\"ls1 ws0\"><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span> </span></div></td><td class=\"c x29e y2e68 w54 h86\"><div class=\"t m0 x179 h87 y1bf8 ff193 fs3a fc2 sc0 ls23 ws39\">20,426<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e68 w34 h86\"><div class=\"t m0 x179 h87 y1bf8 ff193 fs3a fc2 sc0 ls23 ws39\">29,249<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e68 w20 h86\"><div class=\"t m0 x179 h87 y1bf8 ff193 fs3a fc2 sc0 ls23 ws39\">19,878<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e68 w20 h86\"><div class=\"t m0 x179 h87 y1bf8 ff193 fs3a fc2 sc0 ls27 ws3f\">73<span class=\"ls23 ws39\">,524</span><span class=\"ls23 ws39\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2fa y2e68 w55 h86\"><div class=\"t m0 x180 h87 y1bf8 ff193 fs3a fc2 sc0 ls21 ws35\">143,<span class=\"_ _2\"></span>077<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e69 wd7 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff194 fs3a fc2 sc0 ls22 ws3e\">Short<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls24 ws3a\">term bank loans</span></span><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x29e y2e69 w54 h8a\"><div class=\"t m0 x179 h87 y1bf6 ff193 fs3a fc2 sc0 ls23 ws39\">65,000<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e69 w34 h8a\"><div class=\"t m0 x2d h87 y1bf6 ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fb y2e69 w20 h8a\"><div class=\"t m0 x2d h87 y1bf6 ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2a1 y2e69 w20 h8a\"><div class=\"t m0 x2d h87 y1bf6 ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e69 w55 h8a\"><div class=\"t m0 x179 h87 y1bf6 ff193 fs3a fc2 sc0 ls23 ws39\">65,000<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6a wd7 h8b\"><div class=\"t m0 x0 h88 y1c05 ff194 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls2a ws5a\">term de<span class=\"_ _2\"></span>bt<span class=\"_ _2\"></span></span>, <span class=\"_ _3\"></span><span class=\"ls24 ws3a\">including<span class=\"_ _2\"></span> current maturities</span></span><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x29e y2e6a w54 h8b\"><div class=\"t m0 x180 h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">296,<span class=\"_ _2\"></span>550<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6a w34 h8b\"><div class=\"t m0 x180 h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">652,<span class=\"_ _2\"></span>276<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e6a w20 h8b\"><div class=\"t m0 x180 h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">564,<span class=\"_ _2\"></span>356<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e6a w20 h8b\"><div class=\"t m0 x180 h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">638,<span class=\"_ _2\"></span>888<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e6a w55 h8b\"><div class=\"t m0 x17a h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">2,15<span class=\"_ _2\"></span>2,070<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6b wd7 h86\"><div class=\"t m0 x0 h88 y1bde ff194 fs3a fc2 sc0 ls24 ws3a\">Interest on long<span class=\"ls1 ws0\">-<span class=\"ls26 ws3d\">term deb<span class=\"_ _1\"></span>t</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x29e y2e6b w54 h86\"><div class=\"t m0 x180 h87 y1bde ff193 fs3a fc2 sc0 ls21 ws35\">110,<span class=\"_ _2\"></span>090<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6b w34 h86\"><div class=\"t m0 x180 h87 y1bde ff193 fs3a fc2 sc0 ls21 ws35\">182,<span class=\"_ _2\"></span>387<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e6b w20 h86\"><div class=\"t m0 x180 h87 y1bde ff193 fs3a fc2 sc0 ls21 ws35\">118,<span class=\"_ _2\"></span>276<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e6b w20 h86\"><div class=\"t m0 x179 h87 y1bde ff193 fs3a fc2 sc0 ls23 ws39\">96,926<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e6b w55 h86\"><div class=\"t m0 x180 h87 y1bde ff193 fs3a fc2 sc0 ls21 ws35\">507,<span class=\"_ _2\"></span>679<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6c wd7 h8a\"><div class=\"t m0 x0 h88 y1be0 ff194 fs3a fc2 sc0 ls29 ws42\">Derivative f<span class=\"_ _2\"></span>inancial lia<span class=\"_ _2\"></span>bilities<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e6c w54 h8a\"><div class=\"t m0 x185 h87 y1be0 ff193 fs3a fc2 sc0 ls21 ws35\">4,70<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6c w34 h8a\"><div class=\"t m0 x185 h87 y1be0 ff193 fs3a fc2 sc0 ls21 ws35\">7,04<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e6c w20 h8a\"><div class=\"t m0 x185 h87 y1be0 ff193 fs3a fc2 sc0 ls21 ws35\">6,98<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e6c w20 h8a\"><div class=\"t m0 x2d h87 y1be0 ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e6c w55 h8a\"><div class=\"t m0 x179 h87 y1be0 ff193 fs3a fc2 sc0 ls23 ws39\">18,730<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6d wd7 h86\"><div class=\"t m0 x0 h88 y1bde ff194 fs3a fc2 sc0 ls24 ws3a\">Other current<span class=\"ls1 ws0\"> <span class=\"ls29 ws44\">liabilities</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e6d w54 h86\"><div class=\"t m0 x179 h87 y1bde ff193 fs3a fc2 sc0 ls23 ws39\">42,918<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6d w34 h86\"><div class=\"t m0 x2d h87 y1bde ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fb y2e6d w20 h86\"><div class=\"t m0 x2d h87 y1bde ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2a1 y2e6d w20 h86\"><div class=\"t m0 x2d h87 y1bde ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e6d w55 h86\"><div class=\"t m0 x179 h87 y1bde ff193 fs3a fc2 sc0 ls23 ws39\">42,918<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6e wd7 h86\"><div class=\"t m0 x0 h87 y1be4 ff193 fs3a fc2 sc0 ls25 ws4d\">Total contractual obligations<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e6e w54 h86\"><div class=\"t m0 x17a h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">1,09<span class=\"_ _2\"></span>3,258<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6e w34 h86\"><div class=\"t m0 x180 h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">976,<span class=\"_ _2\"></span>182<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e6e w20 h86\"><div class=\"t m0 x180 h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">772,<span class=\"_ _2\"></span>286<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e6e w20 h86\"><div class=\"t m0 x180 h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">968,<span class=\"_ _2\"></span>477<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e6e w55 h86\"><div class=\"t m0 x17a h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">3,81<span class=\"_ _2\"></span>0,203<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table><table class=\"s w17b h159\" id=\"_7e447562-4eb7-427c-92a7-a51fc0881bd2\"><tr><td class=\"c x246 y2e6f w1a4 h115\"><div class=\"t m0 x245 h82 y29a6 ff194 fs3b fc2 sc0 ls1 ws32\">For the year<span class=\"_ _195\"> </span></div><div class=\"t m0 x395 h82 y29a6 ff194 fs3b fc2 sc0 ls1 ws0\">ended November <span class=\"ls69 wsa2\">30, 2024<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x394 h82 y2e70 ff194 fs3b fc2 sc0 ls7c wsc3\">Less<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">than<span class=\"_ _195\"> </span></span></span></td><td></td><td></td><td class=\"t m0 x38e h82 y2e70 ff194 fs3b fc2 sc0 ls65 ws99\">More<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">tha<span class=\"_ _2\"></span>n<span class=\"_ _195\"> </span></span></span></td><td></td></tr><tr><td class=\"c x24b y2e71 wd7 hc6\"><div class=\"t m0 x0 h82 y1c51 ff194 fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"c x29e y2e71 w54 hc6\"><div class=\"t m0 x15 h82 y2486 ff194 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x19f h82 y1d6f ff194 fs3b fc2 sc0 ls1 ws0\">1 <span class=\"ls69 wsbc\">yr</span> </div></td><td class=\"c x29f y2e71 w34 hc6\"><div class=\"t m0 x184 h82 y22db ff194 fs3b fc2 sc0 ls1 ws0\">2-3 <span class=\"ls69 wsbc\">yrs</span> </div></td><td class=\"c x2fb y2e71 w20 hc6\"><div class=\"t m0 x184 h82 y22db ff194 fs3b fc2 sc0 ls1 ws0\">4-5 <span class=\"ls69 wsbc\">yrs</span> </div></td><td class=\"c x2a1 y2e71 w20 hc6\"><div class=\"t m0 x15 h82 y2486 ff194 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x1a0 h82 y1d6f ff194 fs3b fc2 sc0 ls1 ws0\">5 <span class=\"ls69 wsbc\">yrs</span> </div></td><td class=\"c x2fa y2e71 w55 hc6\"><div class=\"t m0 x177 h82 y22db ff194 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2e72 wd7 h8a\"><div class=\"t m0 x0 h87 y1bf6 ff193 fs3a fc2 sc0 ls2c ws5a\">Contractual obligations<span class=\"_ _1\"></span>:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e73 wd7 h86\"><div class=\"t m0 x0 h88 y1bf8 ff194 fs3a fc2 sc0 ls24 ws3a\">Accounts payable, excluding withholding and value<span class=\"ls1 ws0\">-<span class=\"ls28\">added<span class=\"_ _2\"></span> taxe<span class=\"_ _2\"></span>s</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e73 w54 h86\"><div class=\"t m0 x183 h88 y1bf8 ff194 fs3a fc2 sc0 ls20 ws36\">88,320<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e73 w34 h86\"><div class=\"t m0 x2d h88 y1bf8 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fb y2e73 w20 h86\"><div class=\"t m0 x2d h88 y1bf8 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2a1 y2e73 w20 h86\"><div class=\"t m0 x2d h88 y1bf8 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fa y2e73 w55 h86\"><div class=\"t m0 x183 h88 y1bf8 ff194 fs3a fc2 sc0 ls20 ws36\">88,320<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e74 wd7 h86\"><div class=\"t m0 x0 h88 y1bde ff194 fs3a fc2 sc0 ls28 ws0\">Accr<span class=\"_ _2\"></span>ued e<span class=\"_ _2\"></span>xpens<span class=\"_ _2\"></span>es and di<span class=\"_ _2\"></span>viden<span class=\"_ _2\"></span>d pay<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span><span class=\"ls29 ws42\">, excluding<span class=\"_ _2\"></span> contr<span class=\"_ _2\"></span>act liabilities</span><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span><span class=\"ls1\">  </span></div></td><td class=\"c x29e y2e74 w54 h86\"><div class=\"t m0 x181 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">379,749<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e74 w34 h86\"><div class=\"t m0 x2d h88 y1bde ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fb y2e74 w20 h86\"><div class=\"t m0 x2d h88 y1bde ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2a1 y2e74 w20 h86\"><div class=\"t m0 x2d h88 y1bde ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fa y2e74 w55 h86\"><div class=\"t m0 x181 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">379,749<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e75 wd7 ha4\"><div class=\"t m0 x0 h88 y1be0 ff194 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease<span class=\"_ _2\"></span> liabilities,<span class=\"_ _2\"></span> includ<span class=\"_ _2\"></span>ing curr<span class=\"_ _2\"></span>ent maturit<span class=\"_ _2\"></span>ies</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e75 w54 ha4\"><div class=\"t m0 x183 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">58,581<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e75 w34 ha4\"><div class=\"t m0 x183 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">83,169<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e75 w20 ha4\"><div class=\"t m0 x183 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">51,368<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e75 w20 ha4\"><div class=\"t m0 x181 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">150,893<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e75 w55 ha4\"><div class=\"t m0 x181 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">344,011<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e76 wd7 h86\"><div class=\"t m0 x0 h88 y1bde ff194 fs3a fc2 sc0 ls24 ws3a\">Interest on long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease l<span class=\"_ _2\"></span>iabilities</span></span><span class=\"ls1 ws0\"><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span> </span></div></td><td class=\"c x29e y2e76 w54 h86\"><div class=\"t m0 x183 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">17,267<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e76 w34 h86\"><div class=\"t m0 x183 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">26,459<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e76 w20 h86\"><div class=\"t m0 x183 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">18,551<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e76 w20 h86\"><div class=\"t m0 x183 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">73,010<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e76 w55 h86\"><div class=\"t m0 x181 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">135,287<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e77 wd7 h86\"><div class=\"t m0 x0 h88 y1c05 ff194 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls24 ws3a\">term debt, including current<span class=\"_ _2\"></span> maturities</span></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span> </span></div></td><td class=\"c x29e y2e77 w54 h86\"><div class=\"t m0 x181 h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">200,446<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e77 w34 h86\"><div class=\"t m0 x181 h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">506,426<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e77 w20 h86\"><div class=\"t m0 x181 h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">605,365<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e77 w20 h86\"><div class=\"t m0 x181 h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">548,260<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e77 w55 h86\"><div class=\"t m0 x17b h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">1,860,497<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e78 wd7 h8a\"><div class=\"t m0 x0 h88 y1be6 ff194 fs3a fc2 sc0 ls24 ws3a\">Interest on long<span class=\"ls1 ws0\">-<span class=\"ls26 ws3d\">term deb<span class=\"_ _1\"></span>t</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x29e y2e78 w54 h8a\"><div class=\"t m0 x181 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">103,040<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e78 w34 h8a\"><div class=\"t m0 x181 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">170,949<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e78 w20 h8a\"><div class=\"t m0 x181 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">114,561<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e78 w20 h8a\"><div class=\"t m0 x183 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">93,865<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e78 w55 h8a\"><div class=\"t m0 x181 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">482,415<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e79 wd7 h86\"><div class=\"t m0 x0 h88 y1be4 ff194 fs3a fc2 sc0 ls29 ws42\">Derivative f<span class=\"_ _2\"></span>inancial lia<span class=\"_ _2\"></span>bilities<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e79 w54 h86\"><div class=\"t m0 x184 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">1,616<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e79 w34 h86\"><div class=\"t m0 x184 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">6,688<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e79 w20 h86\"><div class=\"t m0 x184 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">5,489<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e79 w20 h86\"><div class=\"t m0 x1a0 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">447<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e79 w55 h86\"><div class=\"t m0 x183 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">14,240<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e7a wd7 h86\"><div class=\"t m0 x0 h88 y1be2 ff194 fs3a fc2 sc0 ls24 ws3a\">Other current<span class=\"ls1 ws0\"> <span class=\"ls29 ws44\">liabilities</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e7a w54 h86\"><div class=\"t m0 x183 h88 y1be2 ff194 fs3a fc2 sc0 ls20 ws36\">56,031<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e7a w34 h86\"><div class=\"t m0 x2d h88 y1be2 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fb y2e7a w20 h86\"><div class=\"t m0 x2d h88 y1be2 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2a1 y2e7a w20 h86\"><div class=\"t m0 x2d h88 y1be2 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fa y2e7a w55 h86\"><div class=\"t m0 x183 h88 y1be2 ff194 fs3a fc2 sc0 ls20 ws36\">56,031<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e7b wd7 h8a\"><div class=\"t m0 x0 h87 y1c79 ff193 fs3a fc2 sc0 ls25 ws4d\">Total contractual obligations<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e7b w54 h8a\"><div class=\"t m0 x181 h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">905,050<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e7b w34 h8a\"><div class=\"t m0 x181 h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">793,691<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e7b w20 h8a\"><div class=\"t m0 x181 h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">795,334<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e7b w20 h8a\"><div class=\"t m0 x181 h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">866,475<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e7b w55 h8a\"><div class=\"t m0 x17b h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">3,360,550<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-613": {
   "value": "Matu<span class=\"_ _2\"></span>rity of f<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>cial <span class=\"ls6d wsa9\">liabilit<span class=\"_ _1\"></span>ies<span class=\"ls1 ws0\">  </span></span><table class=\"s w17b h157\" id=\"_21c836a0-bbb1-4911-90c3-b06bf8ee7312\"><tr><td class=\"c x246 y2e61 w1a3 h158\"><div class=\"t m0 x245 h85 y2c8b ff193 fs3b fc2 sc0 ls65 ws9b\">For the yea<span class=\"_ _2\"></span>r ended <span class=\"_ _2\"></span>November 3<span class=\"_ _2\"></span>0, 20<span class=\"_ _195\"> </span></div><div class=\"t m0 x393 h85 y2e60 ff193 fs3b fc2 sc0 ls1b ws2f\">25<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x394 h85 y2e62 ff193 fs3b fc2 sc0 ls87 wsdc\">Less<span class=\"ls1 ws0\"> than<span class=\"_ _195\"> </span></span></td><td></td><td></td><td class=\"t m0 x38e h85 y2e62 ff193 fs3b fc2 sc0 ls65 ws99\">More<span class=\"ls1 ws0\"> than<span class=\"_ _195\"> </span></span></td><td></td></tr><tr><td class=\"c x24b y2e63 wd7 hb6\"><div class=\"t m0 x0 h85 y1c8e ff193 fs3b fc2 sc0 ls1 ws0\">(<span class=\"ls65 ws99\"></span><span class=\"ls65 ws99\">in</span> US $ thousands) </div></td><td class=\"c x29e y2e63 w54 hb6\"><div class=\"t m0 x15 h85 y1c8c ff193 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x1be h85 y1c8e ff193 fs3b fc2 sc0 ls1 ws0\">1 <span class=\"ls19 ws2d\">yr</span> </div></td><td class=\"c x29f y2e63 w34 hb6\"><div class=\"t m0 x185 h85 y1c8b ff193 fs3b fc2 sc0 ls1 ws0\">2-3 <span class=\"ls7c wsc3\">yrs</span> </div></td><td class=\"c x2fb y2e63 w20 hb6\"><div class=\"t m0 x185 h85 y1c8b ff193 fs3b fc2 sc0 ls1 ws0\">4-5 <span class=\"ls7c wsc3\">yrs</span> </div></td><td class=\"c x2a1 y2e63 w20 hb6\"><div class=\"t m0 x15 h85 y1c8c ff193 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x177 h85 y1c8e ff193 fs3b fc2 sc0 ls1 ws0\">5 <span class=\"ls7c wsc3\">yrs</span> </div></td><td class=\"c x2fa y2e63 w55 hb6\"><div class=\"t m0 x177 h85 y1c8b ff193 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2e64 wd7 h86\"><div class=\"t m0 x0 h87 y1c4c ff193 fs3a fc2 sc0 ls2c ws5a\">Contractual obligations<span class=\"_ _1\"></span>:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e65 wd7 h86\"><div class=\"t m0 x0 h88 y1bef ff194 fs3a fc2 sc0 ls24 ws3a\">Accounts payable, excluding withholding and value<span class=\"ls1 ws0\">-<span class=\"ls28\">added<span class=\"_ _2\"></span> taxe<span class=\"_ _2\"></span>s</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e65 w54 h86\"><div class=\"t m0 x180 h87 y1bef ff193 fs3a fc2 sc0 ls21 ws35\">117,<span class=\"_ _2\"></span>080<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e65 w34 h86\"><div class=\"t m0 x2d h87 y1bef ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fb y2e65 w20 h86\"><div class=\"t m0 x2d h87 y1bef ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2a1 y2e65 w20 h86\"><div class=\"t m0 x2d h87 y1bef ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e65 w55 h86\"><div class=\"t m0 x180 h87 y1bef ff193 fs3a fc2 sc0 ls21 ws35\">117,<span class=\"_ _2\"></span>080<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e66 wd7 h8a\"><div class=\"t m0 x0 h88 y1bff ff194 fs3a fc2 sc0 ls28 ws0\">Accr<span class=\"_ _2\"></span>ued e<span class=\"_ _2\"></span>xpens<span class=\"_ _2\"></span>es and di<span class=\"_ _2\"></span>viden<span class=\"_ _2\"></span>d pay<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span><span class=\"ls29 ws42\">, excluding<span class=\"_ _2\"></span> contr<span class=\"_ _2\"></span>act liabilities</span><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span><span class=\"ls1\">  </span></div></td><td class=\"c x29e y2e66 w54 h8a\"><div class=\"t m0 x180 h87 y1bff ff193 fs3a fc2 sc0 ls21 ws35\">361,<span class=\"_ _2\"></span>461<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e66 w34 h8a\"><div class=\"t m0 x2d h87 y1bff ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fb y2e66 w20 h8a\"><div class=\"t m0 x2d h87 y1bff ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2a1 y2e66 w20 h8a\"><div class=\"t m0 x2d h87 y1bff ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e66 w55 h8a\"><div class=\"t m0 x180 h87 y1bff ff193 fs3a fc2 sc0 ls21 ws35\">361,<span class=\"_ _2\"></span>461<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e67 wd7 h86\"><div class=\"t m0 x0 h88 y1bfa ff194 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease<span class=\"_ _2\"></span> liabilities,<span class=\"_ _2\"></span> includ<span class=\"_ _2\"></span>ing curr<span class=\"_ _2\"></span>ent maturit<span class=\"_ _2\"></span>ies</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e67 w54 h86\"><div class=\"t m0 x179 h87 y1bfa ff193 fs3a fc2 sc0 ls23 ws39\">75,032<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e67 w34 h86\"><div class=\"t m0 x180 h87 y1bfa ff193 fs3a fc2 sc0 ls21 ws35\">105,<span class=\"_ _2\"></span>225<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e67 w20 h86\"><div class=\"t m0 x179 h87 y1bfa ff193 fs3a fc2 sc0 ls23 ws39\">62,792<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e67 w20 h86\"><div class=\"t m0 x180 h87 y1bfa ff193 fs3a fc2 sc0 ls21 ws35\">159,<span class=\"_ _2\"></span>139<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e67 w55 h86\"><div class=\"t m0 x180 h87 y1bfa ff193 fs3a fc2 sc0 ls21 ws35\">402,<span class=\"_ _2\"></span>188<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e68 wd7 h86\"><div class=\"t m0 x0 h88 y1bf8 ff194 fs3a fc2 sc0 ls24 ws3a\">Interest on long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease l<span class=\"_ _2\"></span>iabilities</span></span><span class=\"ls1 ws0\"><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span> </span></div></td><td class=\"c x29e y2e68 w54 h86\"><div class=\"t m0 x179 h87 y1bf8 ff193 fs3a fc2 sc0 ls23 ws39\">20,426<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e68 w34 h86\"><div class=\"t m0 x179 h87 y1bf8 ff193 fs3a fc2 sc0 ls23 ws39\">29,249<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e68 w20 h86\"><div class=\"t m0 x179 h87 y1bf8 ff193 fs3a fc2 sc0 ls23 ws39\">19,878<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e68 w20 h86\"><div class=\"t m0 x179 h87 y1bf8 ff193 fs3a fc2 sc0 ls27 ws3f\">73<span class=\"ls23 ws39\">,524</span><span class=\"ls23 ws39\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2fa y2e68 w55 h86\"><div class=\"t m0 x180 h87 y1bf8 ff193 fs3a fc2 sc0 ls21 ws35\">143,<span class=\"_ _2\"></span>077<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e69 wd7 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff194 fs3a fc2 sc0 ls22 ws3e\">Short<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls24 ws3a\">term bank loans</span></span><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x29e y2e69 w54 h8a\"><div class=\"t m0 x179 h87 y1bf6 ff193 fs3a fc2 sc0 ls23 ws39\">65,000<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e69 w34 h8a\"><div class=\"t m0 x2d h87 y1bf6 ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fb y2e69 w20 h8a\"><div class=\"t m0 x2d h87 y1bf6 ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2a1 y2e69 w20 h8a\"><div class=\"t m0 x2d h87 y1bf6 ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e69 w55 h8a\"><div class=\"t m0 x179 h87 y1bf6 ff193 fs3a fc2 sc0 ls23 ws39\">65,000<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6a wd7 h8b\"><div class=\"t m0 x0 h88 y1c05 ff194 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls2a ws5a\">term de<span class=\"_ _2\"></span>bt<span class=\"_ _2\"></span></span>, <span class=\"_ _3\"></span><span class=\"ls24 ws3a\">including<span class=\"_ _2\"></span> current maturities</span></span><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x29e y2e6a w54 h8b\"><div class=\"t m0 x180 h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">296,<span class=\"_ _2\"></span>550<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6a w34 h8b\"><div class=\"t m0 x180 h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">652,<span class=\"_ _2\"></span>276<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e6a w20 h8b\"><div class=\"t m0 x180 h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">564,<span class=\"_ _2\"></span>356<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e6a w20 h8b\"><div class=\"t m0 x180 h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">638,<span class=\"_ _2\"></span>888<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e6a w55 h8b\"><div class=\"t m0 x17a h87 y1c05 ff193 fs3a fc2 sc0 ls21 ws35\">2,15<span class=\"_ _2\"></span>2,070<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6b wd7 h86\"><div class=\"t m0 x0 h88 y1bde ff194 fs3a fc2 sc0 ls24 ws3a\">Interest on long<span class=\"ls1 ws0\">-<span class=\"ls26 ws3d\">term deb<span class=\"_ _1\"></span>t</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x29e y2e6b w54 h86\"><div class=\"t m0 x180 h87 y1bde ff193 fs3a fc2 sc0 ls21 ws35\">110,<span class=\"_ _2\"></span>090<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6b w34 h86\"><div class=\"t m0 x180 h87 y1bde ff193 fs3a fc2 sc0 ls21 ws35\">182,<span class=\"_ _2\"></span>387<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e6b w20 h86\"><div class=\"t m0 x180 h87 y1bde ff193 fs3a fc2 sc0 ls21 ws35\">118,<span class=\"_ _2\"></span>276<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e6b w20 h86\"><div class=\"t m0 x179 h87 y1bde ff193 fs3a fc2 sc0 ls23 ws39\">96,926<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e6b w55 h86\"><div class=\"t m0 x180 h87 y1bde ff193 fs3a fc2 sc0 ls21 ws35\">507,<span class=\"_ _2\"></span>679<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6c wd7 h8a\"><div class=\"t m0 x0 h88 y1be0 ff194 fs3a fc2 sc0 ls29 ws42\">Derivative f<span class=\"_ _2\"></span>inancial lia<span class=\"_ _2\"></span>bilities<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e6c w54 h8a\"><div class=\"t m0 x185 h87 y1be0 ff193 fs3a fc2 sc0 ls21 ws35\">4,70<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6c w34 h8a\"><div class=\"t m0 x185 h87 y1be0 ff193 fs3a fc2 sc0 ls21 ws35\">7,04<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e6c w20 h8a\"><div class=\"t m0 x185 h87 y1be0 ff193 fs3a fc2 sc0 ls21 ws35\">6,98<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e6c w20 h8a\"><div class=\"t m0 x2d h87 y1be0 ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e6c w55 h8a\"><div class=\"t m0 x179 h87 y1be0 ff193 fs3a fc2 sc0 ls23 ws39\">18,730<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6d wd7 h86\"><div class=\"t m0 x0 h88 y1bde ff194 fs3a fc2 sc0 ls24 ws3a\">Other current<span class=\"ls1 ws0\"> <span class=\"ls29 ws44\">liabilities</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e6d w54 h86\"><div class=\"t m0 x179 h87 y1bde ff193 fs3a fc2 sc0 ls23 ws39\">42,918<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6d w34 h86\"><div class=\"t m0 x2d h87 y1bde ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fb y2e6d w20 h86\"><div class=\"t m0 x2d h87 y1bde ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2a1 y2e6d w20 h86\"><div class=\"t m0 x2d h87 y1bde ff195 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff193\"> </span></div></td><td class=\"c x2fa y2e6d w55 h86\"><div class=\"t m0 x179 h87 y1bde ff193 fs3a fc2 sc0 ls23 ws39\">42,918<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e6e wd7 h86\"><div class=\"t m0 x0 h87 y1be4 ff193 fs3a fc2 sc0 ls25 ws4d\">Total contractual obligations<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e6e w54 h86\"><div class=\"t m0 x17a h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">1,09<span class=\"_ _2\"></span>3,258<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e6e w34 h86\"><div class=\"t m0 x180 h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">976,<span class=\"_ _2\"></span>182<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e6e w20 h86\"><div class=\"t m0 x180 h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">772,<span class=\"_ _2\"></span>286<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e6e w20 h86\"><div class=\"t m0 x180 h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">968,<span class=\"_ _2\"></span>477<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e6e w55 h86\"><div class=\"t m0 x17a h87 y1be4 ff193 fs3a fc2 sc0 ls21 ws35\">3,81<span class=\"_ _2\"></span>0,203<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table><table class=\"s w17b h159\" id=\"_7e447562-4eb7-427c-92a7-a51fc0881bd2\"><tr><td class=\"c x246 y2e6f w1a4 h115\"><div class=\"t m0 x245 h82 y29a6 ff194 fs3b fc2 sc0 ls1 ws32\">For the year<span class=\"_ _195\"> </span></div><div class=\"t m0 x395 h82 y29a6 ff194 fs3b fc2 sc0 ls1 ws0\">ended November <span class=\"ls69 wsa2\">30, 2024<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x394 h82 y2e70 ff194 fs3b fc2 sc0 ls7c wsc3\">Less<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">than<span class=\"_ _195\"> </span></span></span></td><td></td><td></td><td class=\"t m0 x38e h82 y2e70 ff194 fs3b fc2 sc0 ls65 ws99\">More<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">tha<span class=\"_ _2\"></span>n<span class=\"_ _195\"> </span></span></span></td><td></td></tr><tr><td class=\"c x24b y2e71 wd7 hc6\"><div class=\"t m0 x0 h82 y1c51 ff194 fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"c x29e y2e71 w54 hc6\"><div class=\"t m0 x15 h82 y2486 ff194 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x19f h82 y1d6f ff194 fs3b fc2 sc0 ls1 ws0\">1 <span class=\"ls69 wsbc\">yr</span> </div></td><td class=\"c x29f y2e71 w34 hc6\"><div class=\"t m0 x184 h82 y22db ff194 fs3b fc2 sc0 ls1 ws0\">2-3 <span class=\"ls69 wsbc\">yrs</span> </div></td><td class=\"c x2fb y2e71 w20 hc6\"><div class=\"t m0 x184 h82 y22db ff194 fs3b fc2 sc0 ls1 ws0\">4-5 <span class=\"ls69 wsbc\">yrs</span> </div></td><td class=\"c x2a1 y2e71 w20 hc6\"><div class=\"t m0 x15 h82 y2486 ff194 fs3b fc2 sc0 ls1 ws0\"> </div><div class=\"t m0 x1a0 h82 y1d6f ff194 fs3b fc2 sc0 ls1 ws0\">5 <span class=\"ls69 wsbc\">yrs</span> </div></td><td class=\"c x2fa y2e71 w55 hc6\"><div class=\"t m0 x177 h82 y22db ff194 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2e72 wd7 h8a\"><div class=\"t m0 x0 h87 y1bf6 ff193 fs3a fc2 sc0 ls2c ws5a\">Contractual obligations<span class=\"_ _1\"></span>:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e73 wd7 h86\"><div class=\"t m0 x0 h88 y1bf8 ff194 fs3a fc2 sc0 ls24 ws3a\">Accounts payable, excluding withholding and value<span class=\"ls1 ws0\">-<span class=\"ls28\">added<span class=\"_ _2\"></span> taxe<span class=\"_ _2\"></span>s</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e73 w54 h86\"><div class=\"t m0 x183 h88 y1bf8 ff194 fs3a fc2 sc0 ls20 ws36\">88,320<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e73 w34 h86\"><div class=\"t m0 x2d h88 y1bf8 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fb y2e73 w20 h86\"><div class=\"t m0 x2d h88 y1bf8 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2a1 y2e73 w20 h86\"><div class=\"t m0 x2d h88 y1bf8 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fa y2e73 w55 h86\"><div class=\"t m0 x183 h88 y1bf8 ff194 fs3a fc2 sc0 ls20 ws36\">88,320<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e74 wd7 h86\"><div class=\"t m0 x0 h88 y1bde ff194 fs3a fc2 sc0 ls28 ws0\">Accr<span class=\"_ _2\"></span>ued e<span class=\"_ _2\"></span>xpens<span class=\"_ _2\"></span>es and di<span class=\"_ _2\"></span>viden<span class=\"_ _2\"></span>d pay<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span><span class=\"ls29 ws42\">, excluding<span class=\"_ _2\"></span> contr<span class=\"_ _2\"></span>act liabilities</span><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span><span class=\"ls1\">  </span></div></td><td class=\"c x29e y2e74 w54 h86\"><div class=\"t m0 x181 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">379,749<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e74 w34 h86\"><div class=\"t m0 x2d h88 y1bde ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fb y2e74 w20 h86\"><div class=\"t m0 x2d h88 y1bde ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2a1 y2e74 w20 h86\"><div class=\"t m0 x2d h88 y1bde ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fa y2e74 w55 h86\"><div class=\"t m0 x181 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">379,749<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e75 wd7 ha4\"><div class=\"t m0 x0 h88 y1be0 ff194 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease<span class=\"_ _2\"></span> liabilities,<span class=\"_ _2\"></span> includ<span class=\"_ _2\"></span>ing curr<span class=\"_ _2\"></span>ent maturit<span class=\"_ _2\"></span>ies</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e75 w54 ha4\"><div class=\"t m0 x183 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">58,581<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e75 w34 ha4\"><div class=\"t m0 x183 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">83,169<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e75 w20 ha4\"><div class=\"t m0 x183 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">51,368<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e75 w20 ha4\"><div class=\"t m0 x181 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">150,893<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e75 w55 ha4\"><div class=\"t m0 x181 h88 y1be0 ff194 fs3a fc2 sc0 ls20 ws36\">344,011<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e76 wd7 h86\"><div class=\"t m0 x0 h88 y1bde ff194 fs3a fc2 sc0 ls24 ws3a\">Interest on long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term lease l<span class=\"_ _2\"></span>iabilities</span></span><span class=\"ls1 ws0\"><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span> </span></div></td><td class=\"c x29e y2e76 w54 h86\"><div class=\"t m0 x183 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">17,267<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e76 w34 h86\"><div class=\"t m0 x183 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">26,459<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e76 w20 h86\"><div class=\"t m0 x183 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">18,551<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e76 w20 h86\"><div class=\"t m0 x183 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">73,010<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e76 w55 h86\"><div class=\"t m0 x181 h88 y1bde ff194 fs3a fc2 sc0 ls20 ws36\">135,287<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e77 wd7 h86\"><div class=\"t m0 x0 h88 y1c05 ff194 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls24 ws3a\">term debt, including current<span class=\"_ _2\"></span> maturities</span></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span> </span></div></td><td class=\"c x29e y2e77 w54 h86\"><div class=\"t m0 x181 h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">200,446<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e77 w34 h86\"><div class=\"t m0 x181 h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">506,426<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e77 w20 h86\"><div class=\"t m0 x181 h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">605,365<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e77 w20 h86\"><div class=\"t m0 x181 h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">548,260<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e77 w55 h86\"><div class=\"t m0 x17b h88 y1c05 ff194 fs3a fc2 sc0 ls20 ws36\">1,860,497<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e78 wd7 h8a\"><div class=\"t m0 x0 h88 y1be6 ff194 fs3a fc2 sc0 ls24 ws3a\">Interest on long<span class=\"ls1 ws0\">-<span class=\"ls26 ws3d\">term deb<span class=\"_ _1\"></span>t</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x29e y2e78 w54 h8a\"><div class=\"t m0 x181 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">103,040<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e78 w34 h8a\"><div class=\"t m0 x181 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">170,949<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e78 w20 h8a\"><div class=\"t m0 x181 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">114,561<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e78 w20 h8a\"><div class=\"t m0 x183 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">93,865<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e78 w55 h8a\"><div class=\"t m0 x181 h88 y1be6 ff194 fs3a fc2 sc0 ls20 ws36\">482,415<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e79 wd7 h86\"><div class=\"t m0 x0 h88 y1be4 ff194 fs3a fc2 sc0 ls29 ws42\">Derivative f<span class=\"_ _2\"></span>inancial lia<span class=\"_ _2\"></span>bilities<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e79 w54 h86\"><div class=\"t m0 x184 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">1,616<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e79 w34 h86\"><div class=\"t m0 x184 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">6,688<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e79 w20 h86\"><div class=\"t m0 x184 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">5,489<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e79 w20 h86\"><div class=\"t m0 x1a0 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">447<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e79 w55 h86\"><div class=\"t m0 x183 h88 y1be4 ff194 fs3a fc2 sc0 ls20 ws36\">14,240<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e7a wd7 h86\"><div class=\"t m0 x0 h88 y1be2 ff194 fs3a fc2 sc0 ls24 ws3a\">Other current<span class=\"ls1 ws0\"> <span class=\"ls29 ws44\">liabilities</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e7a w54 h86\"><div class=\"t m0 x183 h88 y1be2 ff194 fs3a fc2 sc0 ls20 ws36\">56,031<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e7a w34 h86\"><div class=\"t m0 x2d h88 y1be2 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fb y2e7a w20 h86\"><div class=\"t m0 x2d h88 y1be2 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2a1 y2e7a w20 h86\"><div class=\"t m0 x2d h88 y1be2 ff196 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff194\"> </span></div></td><td class=\"c x2fa y2e7a w55 h86\"><div class=\"t m0 x183 h88 y1be2 ff194 fs3a fc2 sc0 ls20 ws36\">56,031<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e7b wd7 h8a\"><div class=\"t m0 x0 h87 y1c79 ff193 fs3a fc2 sc0 ls25 ws4d\">Total contractual obligations<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29e y2e7b w54 h8a\"><div class=\"t m0 x181 h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">905,050<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e7b w34 h8a\"><div class=\"t m0 x181 h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">793,691<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e7b w20 h8a\"><div class=\"t m0 x181 h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">795,334<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e7b w20 h8a\"><div class=\"t m0 x181 h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">866,475<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e7b w55 h8a\"><div class=\"t m0 x17b h88 y1c79 ff194 fs3a fc2 sc0 ls20 ws36\">3,360,550<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>Long<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">term debt i<span class=\"_ _2\"></span>n the table <span class=\"_ _2\"></span>above ex<span class=\"_ _2\"></span>cludes debt i<span class=\"_ _2\"></span>ssuance cost<span class=\"_ _2\"></span>s of $17<span class=\"_ _2\"></span>.7 million <span class=\"_ _2\"></span>as of bot<span class=\"_ _2\"></span>h Novemb<span class=\"_ _2\"></span>er</span> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">30, 2025 <span class=\"_ _2\"></span>and 2024<span class=\"ls2f ws70\">. Derivat<span class=\"_ _2\"></span>ive financial liabil<span class=\"_ _2\"></span>ities are<span class=\"_ _2\"></span> stated at<span class=\"_ _2\"></span> future undisco<span class=\"_ _2\"></span>unted cash f<span class=\"_ _2\"></span>lows; </span></span></span>theref<span class=\"_ _2\"></span>ore<span class=\"_ _2\"></span>, they<span class=\"_ _2\"></span> do<span class=\"_ _2\"></span> not ag<span class=\"_ _2\"></span>ree <span class=\"_ _2\"></span>to th<span class=\"_ _2\"></span>e bal<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> sheet<span class=\"_ _2\"></span>.<span class=\"_ _195\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-682": {
   "value": "Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span>Interest<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls49 wsaa\">be<span class=\"_ _2\"></span>aring<span class=\"_ _2\"></span> bo<span class=\"_ _2\"></span>rro<span class=\"_ _2\"></span>wing<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d i<span class=\"_ _2\"></span>nitial<span class=\"_ _2\"></span>ly<span class=\"_ _2\"></span> at f<span class=\"_ _2\"></span>air <span class=\"_ _2\"></span>val<span class=\"_ _2\"></span>ue le<span class=\"_ _2\"></span>ss d<span class=\"_ _2\"></span>ir<span class=\"_ _2\"></span>ectl<span class=\"_ _2\"></span>y att<span class=\"_ _2\"></span>rib<span class=\"_ _2\"></span>utab<span class=\"_ _2\"></span>le <span class=\"_ _2\"></span>tran<span class=\"_ _2\"></span>sacti<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n </span></span>cost<span class=\"_ _2\"></span>s. S<span class=\"_ _2\"></span>ubse<span class=\"_ _2\"></span>quent<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> init<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>og<span class=\"_ _2\"></span>nitio<span class=\"_ _2\"></span>n, i<span class=\"_ _2\"></span>nter<span class=\"_ _2\"></span>est<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls30 wsab\">bearing<span class=\"_ _2\"></span> borr<span class=\"_ _2\"></span>owing<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>ated at<span class=\"_ _2\"></span> amor<span class=\"_ _2\"></span>tised<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>st wit<span class=\"_ _2\"></span>h </span></span>any differe<span class=\"_ _2\"></span>nce bet<span class=\"_ _2\"></span>ween co<span class=\"_ _2\"></span>st and <span class=\"_ _2\"></span>redempti<span class=\"_ _2\"></span>on val<span class=\"_ _2\"></span>ue being rec<span class=\"_ _2\"></span>ognis<span class=\"_ _2\"></span>ed in t<span class=\"_ _2\"></span>he income <span class=\"_ _2\"></span>stateme<span class=\"_ _2\"></span>nt over<span class=\"_ _2\"></span> the p<span class=\"_ _2\"></span>eriod<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> bor<span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span>wing<span class=\"_ _2\"></span>s on<span class=\"_ _2\"></span> an eff<span class=\"_ _2\"></span>ecti<span class=\"_ _2\"></span>ve<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st b<span class=\"_ _2\"></span>asis.<span class=\"_ _195\"> </span>Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span>Interest<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls49 wsaa\">be<span class=\"_ _2\"></span>aring<span class=\"_ _2\"></span> bo<span class=\"_ _2\"></span>rro<span class=\"_ _2\"></span>wing<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d i<span class=\"_ _2\"></span>nitial<span class=\"_ _2\"></span>ly<span class=\"_ _2\"></span> at f<span class=\"_ _2\"></span>air <span class=\"_ _2\"></span>val<span class=\"_ _2\"></span>ue le<span class=\"_ _2\"></span>ss d<span class=\"_ _2\"></span>ir<span class=\"_ _2\"></span>ectl<span class=\"_ _2\"></span>y att<span class=\"_ _2\"></span>rib<span class=\"_ _2\"></span>utab<span class=\"_ _2\"></span>le <span class=\"_ _2\"></span>tran<span class=\"_ _2\"></span>sacti<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n </span></span>cost<span class=\"_ _2\"></span>s. S<span class=\"_ _2\"></span>ubse<span class=\"_ _2\"></span>quent<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> init<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>og<span class=\"_ _2\"></span>nitio<span class=\"_ _2\"></span>n, i<span class=\"_ _2\"></span>nter<span class=\"_ _2\"></span>est<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls30 wsab\">bearing<span class=\"_ _2\"></span> borr<span class=\"_ _2\"></span>owing<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>ated at<span class=\"_ _2\"></span> amor<span class=\"_ _2\"></span>tise<span class=\"_ _2\"></span>d co<span class=\"_ _2\"></span>st wi<span class=\"_ _2\"></span>th </span></span>any differe<span class=\"_ _2\"></span>nce bet<span class=\"_ _2\"></span>ween co<span class=\"_ _2\"></span>st and <span class=\"_ _2\"></span>redempti<span class=\"_ _2\"></span>on val<span class=\"_ _2\"></span>ue being rec<span class=\"_ _2\"></span>ognis<span class=\"_ _2\"></span>ed in t<span class=\"_ _2\"></span>he income <span class=\"_ _2\"></span>stateme<span class=\"_ _2\"></span>nt over<span class=\"_ _2\"></span> the p<span class=\"_ _2\"></span>eriod<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> bor<span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span>wing<span class=\"_ _2\"></span>s on<span class=\"_ _2\"></span> an eff<span class=\"_ _2\"></span>ecti<span class=\"_ _2\"></span>ve<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st b<span class=\"_ _2\"></span>asis.<span class=\"_ _2\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-586": {
   "value": "24<span class=\"ls79 wsa2\">. <span class=\"ls71 wsb3\">Long</span></span>-<span class=\"ls3a ws9b\">Term Debt</span>  Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span>Interest<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls49 wsaa\">be<span class=\"_ _2\"></span>aring<span class=\"_ _2\"></span> bo<span class=\"_ _2\"></span>rro<span class=\"_ _2\"></span>wing<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d i<span class=\"_ _2\"></span>nitial<span class=\"_ _2\"></span>ly<span class=\"_ _2\"></span> at f<span class=\"_ _2\"></span>air <span class=\"_ _2\"></span>val<span class=\"_ _2\"></span>ue le<span class=\"_ _2\"></span>ss d<span class=\"_ _2\"></span>ir<span class=\"_ _2\"></span>ectl<span class=\"_ _2\"></span>y att<span class=\"_ _2\"></span>rib<span class=\"_ _2\"></span>utab<span class=\"_ _2\"></span>le <span class=\"_ _2\"></span>tran<span class=\"_ _2\"></span>sacti<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n </span></span>cost<span class=\"_ _2\"></span>s. S<span class=\"_ _2\"></span>ubse<span class=\"_ _2\"></span>quent<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> init<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>og<span class=\"_ _2\"></span>nitio<span class=\"_ _2\"></span>n, i<span class=\"_ _2\"></span>nter<span class=\"_ _2\"></span>est<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls30 wsab\">bearing<span class=\"_ _2\"></span> borr<span class=\"_ _2\"></span>owing<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>ated at<span class=\"_ _2\"></span> amor<span class=\"_ _2\"></span>tise<span class=\"_ _2\"></span>d co<span class=\"_ _2\"></span>st wi<span class=\"_ _2\"></span>th </span></span>any differe<span class=\"_ _2\"></span>nce bet<span class=\"_ _2\"></span>ween co<span class=\"_ _2\"></span>st and <span class=\"_ _2\"></span>redempti<span class=\"_ _2\"></span>on val<span class=\"_ _2\"></span>ue being rec<span class=\"_ _2\"></span>ognis<span class=\"_ _2\"></span>ed in t<span class=\"_ _2\"></span>he income <span class=\"_ _2\"></span>stateme<span class=\"_ _2\"></span>nt over<span class=\"_ _2\"></span> the p<span class=\"_ _2\"></span>eriod<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> bor<span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span>wing<span class=\"_ _2\"></span>s on<span class=\"_ _2\"></span> an eff<span class=\"_ _2\"></span>ecti<span class=\"_ _2\"></span>ve<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>st b<span class=\"_ _2\"></span>asis.<span class=\"_ _2\"></span> Long<span class=\"ls1 ws0\">-</span><span class=\"ws50\">term<span class=\"_ _2\"></span> d<span class=\"ls2f ws75\">ebt as of November<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">30, 2025 and 2024 consisted of the following:</span>  </span></span></span><table class=\"s w16b h15a\" id=\"_f9970a33-39ce-46ce-b98e-193eddb3201b\"><tr><td class=\"c x241 y2e7c wd8 h83\"><div class=\"t m0 x0 h82 y1c4a ff19c fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"t m0 x396 h82 y2e7d ff19c fs3b fc2 sc0 ls1 ws0\">Notes<span class=\"_ _195\"> </span></td><td class=\"c x2be y2e7c wda h83\"><div class=\"t m0 x193 h85 y1e4c ff19a fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x397 y2e7c wdb h83\"><div class=\"t m0 x1 h82 y1e4c ff19c fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e7e wd8 h86\"><div class=\"t m0 x0 h88 y1c05 ff19c fs3a fc2 sc0 ls26 ws3d\">Preferred sh<span class=\"_ _1\"></span>ip fixed<span class=\"ls1 ws0\"> <span class=\"ls22 ws37\">rate m<span class=\"_ _1\"></span>ortgages:</span></span><span class=\"ls1 ws0\"><span class=\"ls22 ws37\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x317 y2e7f w1a5 hfa\"><div class=\"t m0 x245 h88 y2933 ff19c fs3a fc2 sc0 ls22 ws37\">Fixed in<span class=\"_ _1\"></span>terest rates ranging<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>from 4.2% to <span class=\"ls20 ws36\">5.7<span class=\"ls23 ws39\">%<span class=\"_ _195\"> </span></span></span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x317 y2e80 w1a6 hfa\"><div class=\"t m0 x245 h88 y2933 ff19c fs3a fc2 sc0 ls20 ws34\">(2024: 4.2%<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> 5<span class=\"ls1 ws0\">.<span class=\"ls24 ws3a\">7<span class=\"_ _1\"></span>%</span></span><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\">),<span class=\"_ _2\"></span> maturities vary <span class=\"_ _2\"></span><span class=\"ls20 ws34\">up to<span class=\"ls1 ws0\"> </span><span class=\"ws36\">2038<span class=\"_ _195\"> </span></span></span></span></span></div></td><td class=\"c x398 y2e81 wd9 h8d\"><div class=\"t m0 x17d h88 y1bdc ff19c fs3a fc2 sc0 ls2a ws45\">(i)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2be y2e81 wda h8d\"><div class=\"t m0 x183 h87 y1bdc ff19a fs3a fc2 sc0 ls21 ws35\">610,<span class=\"_ _2\"></span>954<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x397 y2e81 wdb h8d\"><div class=\"t m0 x186 h88 y1bdc ff19c fs3a fc2 sc0 ls20 ws36\">402,636<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e82 wd8 h8a\"><div class=\"t m0 x0 h88 y1c03 ff19c fs3a fc2 sc0 ls22 ws37\">Preferred<span class=\"_ _1\"></span> ship variable<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls22 ws37\">rate mortga<span class=\"_ _1\"></span>ges:</span></span><span class=\"ls1 ws0\"><span class=\"ls22 ws37\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x317 y2e83 w1a7 hfa\"><div class=\"t m0 x245 h88 y2933 ff19c fs3a fc2 sc0 ls22 ws37\">Interest rates ran<span class=\"_ _1\"></span>ging from<span class=\"_ _1\"></span> <span class=\"_ _2\"></span><span class=\"ls20 ws36\">6.3</span>% to <span class=\"ls20 ws36\">7.<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\">% <span class=\"_ _1\"></span><span class=\"ls20 ws36\">(2024:<span class=\"_ _195\"> </span></span></span></span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x317 y2e84 w1a8 hfa\"><div class=\"t m0 x245 h88 y2933 ff19c fs3a fc2 sc0 ls22 ws37\">7.6% to 8<span class=\"_ _1\"></span>.5%), maturities vary<span class=\"_ _1\"></span> <span class=\"ls20 ws34\">u<span class=\"_ _2\"></span>p to<span class=\"ls1 ws0\"> <span class=\"ls7b wsc2\">20</span></span><span class=\"ws36\">40<span class=\"_ _195\"> </span></span></span></div></td><td class=\"c x398 y2e85 wd9 h90\"><div class=\"t m0 x191 h88 y1c03 ff19c fs3a fc2 sc0 ls1 ws0\">(<span class=\"_ _1\"></span>i<span class=\"ls29 ws44\">i</span><span class=\"ls29 ws44\">)</span> </div></td><td class=\"c x2be y2e85 wda h90\"><div class=\"t m0 x183 h87 y1c03 ff19a fs3a fc2 sc0 ls21 ws35\">139<span class=\"ls1 ws0\">,</span>246<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x397 y2e85 wdb h90\"><div class=\"t m0 x186 h88 y1c03 ff19c fs3a fc2 sc0 ls20 ws36\">253,749<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e86 wd8 h86\"><div class=\"t m0 x0 h88 y1c05 ff19c fs3a fc2 sc0 ls29 ws42\">Senior se<span class=\"_ _2\"></span>cured cr<span class=\"_ _2\"></span>edit facilities<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x398 y2e86 wd9 h86\"><div class=\"t m0 x19e h88 y1c05 ff19c fs3a fc2 sc0 ls2a ws45\">(i<span class=\"ls1 ws0\">i<span class=\"ls29 ws44\">i</span></span><span class=\"ls1 ws0\"><span class=\"ls29 ws44\">)</span> </span></div></td><td class=\"c x2be y2e86 wda h86\"><div class=\"t m0 x183 h87 y1c05 ff19a fs3a fc2 sc0 ls21 ws35\">984<span class=\"ls1 ws0\">,</span>953<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x397 y2e86 wdb h86\"><div class=\"t m0 x181 h88 y1c05 ff19c fs3a fc2 sc0 ls20 ws36\">1,040,170<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e87 wd8 h86\"><div class=\"t m0 x0 h88 y1bde ff19c fs3a fc2 sc0 ls24 ws3a\">Senior unsecured bond issues<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x398 y2e87 wd9 h86\"><div class=\"t m0 x19e h88 y1bde ff19c fs3a fc2 sc0 ls2a ws45\">(i<span class=\"ls1 ws0\">v</span><span class=\"ls1 ws0\">)<span class=\"_ _1\"></span> </span></div></td><td class=\"c x2be y2e87 wda h86\"><div class=\"t m0 x183 h87 y1bde ff19a fs3a fc2 sc0 ls21 ws35\">296,<span class=\"_ _2\"></span>939<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x397 y2e87 wdb h86\"><div class=\"t m0 x186 h88 y1bde ff19c fs3a fc2 sc0 ls20 ws36\">136,673<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e88 wd8 h8a\"><div class=\"t m0 x0 h88 y1c79 ff19c fs3a fc2 sc0 ls26 ws3d\">Committed rev<span class=\"_ _1\"></span>olving credit agreement<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x398 y2e88 wd9 h8a\"><div class=\"t m0 x17c h88 y1c79 ff19c fs3a fc2 sc0 ls20 ws36\">23<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2be y2e88 wda h8a\"><div class=\"t m0 x184 h87 y1c79 ff19a fs3a fc2 sc0 ls23 ws39\">80,000<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x397 y2e88 wdb h8a\"><div class=\"t m0 x99 h88 y1c79 ff19d fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff19c\"> </span></div></td></tr><tr><td class=\"c x241 y2e89 wd8 h86\"><div class=\"t m0 x0 h88 y1be2 ff19c fs3a fc2 sc0 ls24 ws3a\">Bank loans:<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x317 y2e8a w1a9 hfb\"><div class=\"t m0 x245 h88 y29ed ff19c fs3a fc2 sc0 ls22 ws37\">Interest rates ran<span class=\"_ _1\"></span>ging from<span class=\"_ _1\"></span> <span class=\"_ _2\"></span><span class=\"ls20 ws34\">1.5% to<span class=\"_ _2\"></span> 7.1%<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2a ws45\">(2<span class=\"_ _2\"></span>02<span class=\"ls1 ws0\">4<span class=\"ls88 wsdd\">:<span class=\"_ _195\"> </span></span></span></span></span></span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x317 y2e8b w1aa hfb\"><div class=\"t m0 x245 h88 y29ed ff19c fs3a fc2 sc0 ls20 ws34\">1.5% to 2.<span class=\"_ _2\"></span>1%), mat<span class=\"_ _2\"></span>uriti<span class=\"_ _2\"></span>es <span class=\"ls1f ws43\">var<span class=\"_ _2\"></span>y </span>up to<span class=\"ls1 ws0\"> <span class=\"ls7b wsc2\">20<span class=\"_ _1\"></span><span class=\"ls20 ws36\">32<span class=\"_ _195\"> </span></span></span></span></div></td><td></td><td class=\"c x2be y2e8c wda h90\"><div class=\"t m0 x184 h87 y1be2 ff19a fs3a fc2 sc0 ls23 ws39\">22,330<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x397 y2e8c wdb h90\"><div class=\"t m0 x1a0 h88 y1be2 ff19c fs3a fc2 sc0 ls20 ws36\">9,544<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x2be y2e8d wda h86\"><div class=\"t m0 x210 h87 y1be4 ff19a fs3a fc2 sc0 ls21 ws35\">2,13<span class=\"_ _2\"></span>4,422<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x397 y2e8d wdb h86\"><div class=\"t m0 x181 h88 y1be4 ff19c fs3a fc2 sc0 ls20 ws36\">1,842,772<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2e8e wd8 h8a\"><div class=\"t m0 x0 h88 y1c65 ff19c fs3a fc2 sc0 ls28 ws40\">Less<span class=\"ls1 ws0\"> <span class=\"ff19d\">\u2013<span class=\"_ _1\"></span><span class=\"ff19c\"> <span class=\"ls23 ws4b\">curren<span class=\"_ _1\"></span>t maturities</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ff19d\"><span class=\"ff19c\"><span class=\"ls23 ws4b\"><span class=\"ls1 ws0\"> </span></span></span></span></span></div></td><td></td><td class=\"c x2be y2e8e wdc h8a\"><div class=\"t m0 x181 h87 y1c65 ff19a fs3a fc2 sc0 ls21 ws35\">(292,<span class=\"_ _2\"></span>295)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x397 y2e8e wa0 h8a\"><div class=\"t m0 x18f h88 y1c65 ff19c fs3a fc2 sc0 ls20 ws36\">(195,645)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t m0 x399 h87 y2e8f ff19a fs3a fc2 sc0 ls21 ws35\">1,84<span class=\"_ _2\"></span>2,127<span class=\"_ _195\"> </span></td><td class=\"t m0 x39a h88 y2e8f ff19c fs3a fc2 sc0 ls20 ws36\">1,647,127<span class=\"_ _195\"> </span></td></tr></table>The classificatio<span class=\"_ _2\"></span>n of debt<span class=\"_ _2\"></span> and the in<span class=\"_ _2\"></span>terest rates <span class=\"_ _2\"></span>shown in t<span class=\"_ _2\"></span>he above t<span class=\"_ _2\"></span>able are af<span class=\"_ _2\"></span>ter considering<span class=\"_ _2\"></span> existing inte<span class=\"_ _2\"></span>rest rate <span class=\"ls30 ws50\">and<span class=\"_ _2\"></span> cr<span class=\"_ _2\"></span>oss<span class=\"ls1 ws0\">-</span>curre<span class=\"_ _2\"></span>ncy i<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>rest <span class=\"_ _2\"></span>rate <span class=\"_ _2\"></span></span><span class=\"ws4e\">hedges.<span class=\"_ _195\"> </span></span><div class=\"t m0 h7e ff1a1 fs39 fc9 sc0 ls46 ws6f gs4f2\">Long<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span><span class=\"ws89\">term deb<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls30 ws50 gs4f3\">The m<span class=\"_ _2\"></span>ajori<span class=\"_ _2\"></span>ty of<span class=\"_ _2\"></span> long<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">term debt is d<span class=\"_ _2\"></span>enominated <span class=\"ws4e\">in<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">or <span class=\"_ _2\"></span>swapped into US <span class=\"ls30 ws50\">doll<span class=\"_ _2\"></span>ars,<span class=\"_ _2\"></span> wit<span class=\"_ _2\"></span>h $<span class=\"ls1 ws0\">20<span class=\"_ _1\"></span>3.<span class=\"_ _1\"></span>5 <span class=\"ls2f ws4e\">million</span> </span></span></span></span></span></span></div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls30 ws52 gs4f4\">and <span class=\"ls1 ws0\">$<span class=\"_ _1\"></span>2<span class=\"ls31 ws53\">02</span>.9<span class=\"_ _1\"></span> <span class=\"ls2f ws70\">million denominated <span class=\"_ _2\"></span>in</span> <span class=\"ls30 ws50\">other cu<span class=\"_ _2\"></span>rrenc<span class=\"_ _2\"></span>ies</span> <span class=\"ls30 ws50\">and<span class=\"_ _2\"></span> not<span class=\"_ _2\"></span> swap<span class=\"_ _2\"></span>ped to<span class=\"_ _2\"></span> US d<span class=\"_ _2\"></span>olla<span class=\"_ _2\"></span>rs</span> <span class=\"ls30 ws50\">as of<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls4b ws77 gs4f5\">Novemb<span class=\"_ _2\"></span>er<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">30, 20</span>25<span class=\"_ _1\"></span> <span class=\"ls30 ws50\">and 20</span>24<span class=\"ls2f ws75\">, respectively. </span> </span></div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls30 ws52 gs4f6\">Long<span class=\"ls1 ws0\">-</span><span class=\"ws50\">term<span class=\"_ _2\"></span> debt<span class=\"_ _2\"></span> consi<span class=\"_ _2\"></span>sts<span class=\"_ _2\"></span> of de<span class=\"_ _2\"></span>bt <span class=\"_ _2\"></span>colla<span class=\"_ _2\"></span>terali<span class=\"_ _2\"></span>sed b<span class=\"_ _2\"></span>y m<span class=\"_ _2\"></span>ortgag<span class=\"_ _2\"></span>es o<span class=\"_ _2\"></span>n s<span class=\"_ _2\"></span>hips, <span class=\"_ _2\"></span>tank c<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>tainer<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> </span></div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls30 ws50 gs4f7\">termi<span class=\"_ _2\"></span>nals,<span class=\"_ _2\"></span> as we<span class=\"_ _2\"></span>ll <span class=\"_ _2\"></span>as $<span class=\"ls31 ws53\">299<span class=\"ls4c ws79\">.4<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span>million <span class=\"_ _2\"></span>unsec<span class=\"_ _2\"></span>ured<span class=\"_ _2\"></span> bond<span class=\"_ _2\"></span> fina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>ng <span class=\"ls31 ws53\">($292.9 <span class=\"ls2f ws70\">million after con<span class=\"_ _2\"></span>sidering th<span class=\"_ _2\"></span>e </span></span></div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls30 ws52 gs4f8\">cross<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>ncy sw<span class=\"_ _2\"></span><span class=\"ls1 ws0\">a<span class=\"ls31 ws53\">p) <span class=\"_ _1\"></span><span class=\"ls2f ws70\">at Novem<span class=\"_ _2\"></span>ber<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">30, 20</span>2<span class=\"_ _1\"></span>5. </span></span></span></span></span></span></div><div class=\"t m0 h7e ff1a1 fs39 fc9 sc0 ls49 ws78 gs4f9\">(i<span class=\"ls1 ws0\">) <span class=\"_ _1\"></span><span class=\"ls46 ws6f\">Pre<span class=\"_ _2\"></span>fe<span class=\"_ _2\"></span>rre<span class=\"_ _2\"></span>d <span class=\"ls4b ws77\">ship <span class=\"ls30 ws52\">fixed<span class=\"ls1 ws0\"> <span class=\"ls59 ws2f\">rate mortg<span class=\"_ _1\"></span>ages<span class=\"ls1 ws0\"> </span></span></span></span></span></span></span></div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls30 ws50 gs4fa\">In the<span class=\"_ _2\"></span> fou<span class=\"_ _2\"></span>rth q<span class=\"_ _2\"></span>uarte<span class=\"_ _2\"></span>r of<span class=\"_ _2\"></span> 202<span class=\"_ _2\"></span>5, the<span class=\"_ _2\"></span> Gr<span class=\"_ _2\"></span>oup a<span class=\"_ _2\"></span>rrange<span class=\"_ _2\"></span>d fo<span class=\"_ _2\"></span>r ref<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>ncing<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> the<span class=\"ls1 ws0\"> <span class=\"ls46 ws6f\">HS4<span class=\"_ _2\"></span></span> </span>loan fac<span class=\"_ _2\"></span>ili<span class=\"_ _2\"></span>ty (H<span class=\"_ _2\"></span>S4 Lo<span class=\"_ _2\"></span>an </div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls2f ws70 gs4fb\">Facility) for w<span class=\"_ _2\"></span>hich eight s<span class=\"_ _2\"></span>hips had b<span class=\"_ _2\"></span>een used as<span class=\"_ _2\"></span> collateral. <span class=\"_ _2\"></span>A new b<span class=\"_ _2\"></span>orrowing agreement wi<span class=\"_ _2\"></span>th the<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls2f ws70 gs4fc\">Korea Developme<span class=\"_ _2\"></span>nt Bank, Over<span class=\"_ _2\"></span>sea<span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">Chinese<span class=\"_ _2\"></span> Bank<span class=\"_ _2\"></span>ing C<span class=\"_ _2\"></span>orpo<span class=\"_ _2\"></span>ratio<span class=\"_ _2\"></span>n <span class=\"_ _2\"></span>Limi<span class=\"_ _2\"></span>ted, S<span class=\"_ _2\"></span>umito<span class=\"_ _2\"></span>mo Mi<span class=\"_ _2\"></span>tsui<span class=\"_ _2\"></span> Trus<span class=\"_ _2\"></span>t </span></span></div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls30 ws50 gs4fd\">Bank,<span class=\"_ _2\"></span> Limi<span class=\"_ _2\"></span>ted a<span class=\"_ _2\"></span>nd a g<span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span>up of p<span class=\"_ _2\"></span>riv<span class=\"_ _2\"></span>ate in<span class=\"_ _2\"></span>ves<span class=\"_ _2\"></span>tors <span class=\"_ _2\"></span>has be<span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>set up<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> eig<span class=\"_ _2\"></span>ht tra<span class=\"_ _2\"></span>nche<span class=\"_ _2\"></span>s. The<span class=\"_ _2\"></span> new<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls30 ws50 gs4fe\">agreeme<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span> is a<span class=\"_ _2\"></span>t fixed<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>nteres<span class=\"_ _2\"></span>t ra<span class=\"_ _2\"></span>tes,<span class=\"_ _2\"></span> rangi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>from 4<span class=\"_ _2\"></span>.29<span class=\"_ _2\"></span>% to 4<span class=\"_ _2\"></span>.49%.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span>re a<span class=\"_ _2\"></span>re qua<span class=\"_ _2\"></span>rterl<span class=\"_ _2\"></span>y pay<span class=\"_ _2\"></span>me<span class=\"_ _2\"></span>nts fo<span class=\"_ _2\"></span>r </div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls30 ws52 gs4ff\">each <span class=\"ws50\">tranc<span class=\"_ _2\"></span>he wi<span class=\"_ _2\"></span>th an<span class=\"_ _2\"></span> ave<span class=\"_ _2\"></span>rage<span class=\"_ _2\"></span> maturi<span class=\"_ _2\"></span>ty <span class=\"_ _2\"></span>of nin<span class=\"_ _2\"></span>e ye<span class=\"_ _2\"></span>ars. <span class=\"_ _2\"></span>At th<span class=\"_ _2\"></span>e e<span class=\"_ _2\"></span>nd o<span class=\"_ _2\"></span>f the<span class=\"_ _2\"></span> agre<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span>, t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup h<span class=\"_ _2\"></span>as a<span class=\"_ _2\"></span>n </span></div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls30 ws50 gs500\">optio<span class=\"_ _2\"></span>n to<span class=\"_ _2\"></span> purch<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span> the s<span class=\"_ _2\"></span>hips<span class=\"_ _2\"></span> by p<span class=\"_ _2\"></span>aying<span class=\"_ _2\"></span> fixed<span class=\"_ _2\"></span> amo<span class=\"_ _2\"></span>unts.<span class=\"_ _2\"></span> As<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>opti<span class=\"_ _2\"></span>on to<span class=\"_ _2\"></span> repu<span class=\"_ _2\"></span>rchase<span class=\"_ _2\"></span> was<span class=\"_ _2\"></span> virt<span class=\"_ _2\"></span>uall<span class=\"_ _2\"></span>y </div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls30 ws50 gs501\">certai<span class=\"_ _2\"></span>n to<span class=\"_ _2\"></span> be e<span class=\"_ _2\"></span>xerci<span class=\"_ _2\"></span>sed by<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup <span class=\"_ _2\"></span>at t<span class=\"_ _2\"></span>he date<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> borro<span class=\"_ _2\"></span>wing<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws4f\">t<span class=\"_ _2\"></span>he tran<span class=\"_ _2\"></span>sactio<span class=\"_ _2\"></span>n has bee<span class=\"_ _2\"></span>n tre<span class=\"_ _2\"></span>ated </span></span></div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls30 ws50 gs502\">as col<span class=\"_ _2\"></span>late<span class=\"_ _2\"></span>ralis<span class=\"_ _2\"></span>ed deb<span class=\"_ _2\"></span>t. B<span class=\"_ _2\"></span>y No<span class=\"_ _2\"></span>vem<span class=\"_ _2\"></span>ber 30<span class=\"_ _2\"></span>, 202<span class=\"_ _2\"></span>5, t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup c<span class=\"_ _2\"></span>losed<span class=\"_ _2\"></span> o<span class=\"_ _2\"></span>n thre<span class=\"_ _2\"></span>e tr<span class=\"_ _2\"></span>anches<span class=\"_ _2\"></span>, r<span class=\"_ _2\"></span>aising<span class=\"_ _2\"></span> $140<span class=\"_ _2\"></span>.5 </div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls2f ws4e gs503\">million<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws50\">whic<span class=\"_ _2\"></span>h wa<span class=\"_ _2\"></span>s used<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>o prep<span class=\"_ _2\"></span>ay one<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span>half <span class=\"_ _2\"></span>of the<span class=\"_ _2\"></span> HS4 L<span class=\"_ _2\"></span>oa<span class=\"_ _2\"></span>n Faci<span class=\"_ _2\"></span>lit<span class=\"_ _2\"></span>y and f<span class=\"_ _2\"></span>or g<span class=\"_ _2\"></span>ener<span class=\"_ _2\"></span>al c<span class=\"_ _2\"></span>orpora<span class=\"_ _2\"></span>te </span></span></div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls30 ws4f gs504\">purpo<span class=\"_ _2\"></span>ses. Sub<span class=\"_ _2\"></span>seque<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span> to Novem<span class=\"_ _2\"></span>be<span class=\"ws50\">r 30<span class=\"_ _2\"></span>, 202<span class=\"_ _2\"></span>5, t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup c<span class=\"_ _2\"></span>losed<span class=\"_ _2\"></span> on<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> remai<span class=\"_ _2\"></span>ning <span class=\"_ _2\"></span>five<span class=\"_ _2\"></span> tra<span class=\"_ _2\"></span>nches<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> </span></div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls2f ws75 gs505\">fully repaid the HS4 Loan Facility. See Note <span class=\"ls31 ws53\">34<span class=\"ls1 ws0\">. </span></span></div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls30 ws50 gs506\">On May<span class=\"_ _2\"></span> 22,<span class=\"_ _2\"></span> 202<span class=\"_ _2\"></span>5, the<span class=\"_ _2\"></span> Gr<span class=\"_ _2\"></span>oup ref<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>anced<span class=\"_ _2\"></span> its de<span class=\"_ _2\"></span>bt f<span class=\"_ _2\"></span>acili<span class=\"_ _2\"></span>ty wi<span class=\"_ _2\"></span>th D<span class=\"_ _2\"></span>anis<span class=\"_ _2\"></span>h Ship<span class=\"_ _2\"></span> Fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>ng A<span class=\"_ _2\"></span>/S. T<span class=\"_ _2\"></span>he </div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls30 ws50 gs507\">refin<span class=\"_ _2\"></span>ancing<span class=\"_ _2\"></span> rais<span class=\"_ _2\"></span>ed a<span class=\"_ _2\"></span> fur<span class=\"_ _2\"></span>ther $<span class=\"_ _2\"></span>90.<span class=\"_ _2\"></span>0 mill<span class=\"_ _2\"></span>ion i<span class=\"_ _2\"></span>n de<span class=\"_ _2\"></span>bt th<span class=\"_ _2\"></span>rough<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> addi<span class=\"_ _2\"></span>tion o<span class=\"_ _2\"></span>f <span class=\"_ _2\"></span>two shi<span class=\"_ _2\"></span>ps <span class=\"_ _2\"></span>as co<span class=\"_ _2\"></span>llate<span class=\"_ _2\"></span>ral a<span class=\"_ _2\"></span>nd </div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls53 ws32 gs508\">the top<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">up loan on five<span class=\"_ _2\"></span> existing c<span class=\"_ _2\"></span>ollateral ship<span class=\"_ _2\"></span>s. The fi<span class=\"_ _2\"></span>nanc<span class=\"ls30 ws4f\">ing<span class=\"_ _2\"></span> on the tw<span class=\"_ _2\"></span>o addit<span class=\"_ _2\"></span>ional<span class=\"_ _2\"></span> ships c<span class=\"_ _2\"></span>arrie<span class=\"_ _2\"></span>s a </span></span></span></div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls30 ws50 gs509\">fixed<span class=\"_ _2\"></span> inte<span class=\"_ _2\"></span>rest <span class=\"_ _2\"></span>rate<span class=\"_ _2\"></span> of le<span class=\"_ _2\"></span>ss<span class=\"_ _2\"></span> than 6<span class=\"_ _2\"></span>.0% <span class=\"_ _2\"></span>and h<span class=\"_ _2\"></span>as qu<span class=\"_ _2\"></span>arte<span class=\"_ _2\"></span>rly p<span class=\"_ _2\"></span>ayme<span class=\"_ _2\"></span>nts f<span class=\"_ _2\"></span>or <span class=\"_ _2\"></span>six ye<span class=\"_ _2\"></span>ars <span class=\"_ _2\"></span>and a<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nal b<span class=\"_ _2\"></span>alloo<span class=\"_ _2\"></span>n </div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls2f ws70 gs50a\">payment of $32<span class=\"_ _2\"></span>.7 million. <span class=\"_ _2\"></span>The refinancing<span class=\"_ _2\"></span> also exte<span class=\"_ _2\"></span>nded the matu<span class=\"_ _2\"></span>rity dates on t<span class=\"_ _2\"></span>he existing<span class=\"_ _2\"></span> loan </div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls30 ws50 gs50b\">tranc<span class=\"_ _2\"></span>hes to<span class=\"_ _2\"></span> betw<span class=\"_ _2\"></span>een<span class=\"ls1 ws0\"> <span class=\"ls31 ws53\">2029 </span></span><span class=\"ws52\">and<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">2<span class=\"_ _2\"></span>031. The pr<span class=\"_ _2\"></span>oceeds are for<span class=\"_ _2\"></span> general c<span class=\"_ _2\"></span>orporate purposes<span class=\"_ _2\"></span>.</span></span></span><span class=\"ws52\"><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"><span class=\"ls1 ws0\"> </span></span></span></span></div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls30 ws50 gs50d\">As pa<span class=\"_ _2\"></span>rt of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> acqui<span class=\"_ _2\"></span>sitio<span class=\"_ _2\"></span>n of<span class=\"_ _2\"></span> HS4<span class=\"_ _2\"></span> on J<span class=\"_ _2\"></span>anua<span class=\"_ _2\"></span>ry 31<span class=\"_ _2\"></span>, 2025<span class=\"_ _2\"></span>, <span class=\"_ _2\"></span>a deb<span class=\"_ _2\"></span>t facil<span class=\"_ _2\"></span>ity o<span class=\"_ _2\"></span>f $1<span class=\"_ _2\"></span>82.0 m<span class=\"_ _2\"></span>ill<span class=\"_ _2\"></span>ion w<span class=\"_ _2\"></span>as </div><div class=\"t m0 h98 ff1a3 fs39 fc2 sc0 ls2f ws70 gs50e\">consolidated in<span class=\"_ _2\"></span>to the Group.<span class=\"_ _2\"></span> The debt faci<span class=\"_ _2\"></span>lity was sec<span class=\"_ _2\"></span>ured by H<span class=\"_ _2\"></span>S4\u2019s eight s<span class=\"_ _2\"></span>hips at<span class=\"ff1a2 ls1 ws0\"> <span class=\"ls30 ws50\">the<span class=\"_ _2\"></span> secur<span class=\"_ _2\"></span>ed </span></span></div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls30 ws50 gs50f\">overnig<span class=\"_ _2\"></span>ht<span class=\"_ _2\"></span> financ<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> (<span class=\"_ _1\"></span><span class=\"ls46 ws6f\">SOFR<span class=\"_ _2\"></span><span class=\"ls1 ws0\">) <span class=\"ls30 ws50\">plus a 2.<span class=\"_ _2\"></span>5% ma<span class=\"_ _2\"></span>rgin<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> due i<span class=\"_ _2\"></span>n 2<span class=\"_ _2\"></span>028. T<span class=\"_ _2\"></span>here w<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span> inte<span class=\"_ _2\"></span>rest<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span> </span></span></span></span></div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls30 ws50 gs510\">hedges <span class=\"_ _2\"></span>on 7<span class=\"_ _2\"></span>5% o<span class=\"_ _2\"></span>f the<span class=\"_ _2\"></span> loan<span class=\"_ _2\"></span>. T<span class=\"_ _2\"></span>he f<span class=\"_ _2\"></span>acility<span class=\"_ _2\"></span> wa<span class=\"_ _2\"></span>s ref<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nced i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> fou<span class=\"_ _2\"></span>rth q<span class=\"_ _2\"></span>uarte<span class=\"_ _2\"></span>r of<span class=\"_ _2\"></span> 202<span class=\"_ _2\"></span>5 and <span class=\"_ _2\"></span>subs<span class=\"_ _2\"></span>equent<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls30 ws50 gs511\">to ye<span class=\"_ _2\"></span>ar e<span class=\"_ _2\"></span>nd.<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls30 ws50 gs512\">On Ja<span class=\"_ _2\"></span>nuary<span class=\"_ _2\"></span> 24<span class=\"_ _2\"></span>, 2024<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up s<span class=\"_ _2\"></span>igned<span class=\"_ _2\"></span> a $3<span class=\"_ _2\"></span>7.5 mi<span class=\"_ _2\"></span>llio<span class=\"_ _2\"></span>n lo<span class=\"_ _2\"></span>an ag<span class=\"_ _2\"></span>reem<span class=\"_ _2\"></span>ent wi<span class=\"_ _2\"></span>th <span class=\"_ _2\"></span>Nordea<span class=\"_ _2\"></span> Bank<span class=\"_ _2\"></span> Abp <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls30 ws4f gs513\">in a new fou<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\">-</span><span class=\"ws52\">and<span class=\"ls1 ws0\">-a<span class=\"_ _1\"></span>-<span class=\"ls30 ws52\">half</span>-<span class=\"ls47 ws82\">year l<span class=\"_ _1\"></span>oan with semi<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">annua<span class=\"_ _2\"></span>l p<span class=\"_ _2\"></span>ayment<span class=\"_ _2\"></span>s an<span class=\"_ _2\"></span>d a fi<span class=\"_ _2\"></span>nal<span class=\"_ _2\"></span> ball<span class=\"_ _2\"></span>oon p<span class=\"_ _2\"></span>ayment<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> </span></span></span></span></span></div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls31 ws53 gs514\">$27.<span class=\"ls1 ws0\">5 <span class=\"_ _3\"></span><span class=\"ls2f ws70\">m<span class=\"_ _2\"></span>illion. The lo<span class=\"_ _2\"></span>an is sec<span class=\"_ _2\"></span>ured by two <span class=\"_ _2\"></span>second<span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">hand s<span class=\"_ _2\"></span>hips p<span class=\"_ _2\"></span>ur<span class=\"_ _2\"></span>chased<span class=\"_ _2\"></span> in 20<span class=\"_ _2\"></span>23.<span class=\"_ _2\"></span> The <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> </span> </span></span></span></div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls2f ws70 gs515\">fixed the int<span class=\"_ _2\"></span>erest rate a<span class=\"_ _2\"></span>t 5.74%.<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls2f ws70 gs516\">On June 29,<span class=\"_ _2\"></span> 2023, the <span class=\"_ _2\"></span>Group received E<span class=\"_ _2\"></span>UR 13.2 m<span class=\"_ _2\"></span>illion in p<span class=\"_ _2\"></span>roceeds from <span class=\"_ _2\"></span>the financing<span class=\"_ _2\"></span> of <span class=\"ff1a4 ls53 ws80\">S<span class=\"_ _2\"></span>tolt<span class=\"_ _2\"></span> </span></div><div class=\"t m0 h98 ff1a4 fs39 fc2 sc0 ls49 ws78 gs517\">Ludwig<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>hafe<span class=\"_ _2\"></span>n<span class=\"ff1a2 ls30 ws50\">, a <span class=\"_ _2\"></span>newbui<span class=\"_ _2\"></span>lding<span class=\"_ _2\"></span> che<span class=\"_ _2\"></span>mic<span class=\"_ _2\"></span>al ta<span class=\"_ _2\"></span>nker/b<span class=\"_ _2\"></span>arge<span class=\"_ _2\"></span>. The<span class=\"_ _2\"></span> agre<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt is<span class=\"_ _2\"></span> wit<span class=\"_ _2\"></span>h Kf<span class=\"_ _2\"></span>W IPEX<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span><span class=\"ws4f\">Bank GmbH.<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls2f ws70 gs518\">The term lo<span class=\"_ _2\"></span>an has fixed<span class=\"_ _2\"></span> interest <span class=\"_ _2\"></span>of 4.97% <span class=\"_ _2\"></span>and is for<span class=\"_ _2\"></span> 15 years.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls2f ws70 gs519\">On August 3,<span class=\"_ _2\"></span> 2022, the <span class=\"_ _2\"></span>Group signed <span class=\"_ _2\"></span>a $66.0 millio<span class=\"_ _2\"></span>n top<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">up of the<span class=\"_ _2\"></span> </span>t<span class=\"ls30 ws52\">erm </span>l<span class=\"_ _1\"></span><span class=\"ls47\">oan with<span class=\"_ _1\"></span> Danish S<span class=\"_ _1\"></span>hip </span></span></div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls30 ws50 gs51a\">Finance<span class=\"_ _2\"></span> A/<span class=\"_ _2\"></span>S, inc<span class=\"_ _2\"></span>reasi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>term<span class=\"_ _2\"></span> loan<span class=\"_ _2\"></span> to<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">$168.7 millio<span class=\"_ _2\"></span>n and exten<span class=\"_ _2\"></span>ding the ma<span class=\"_ _2\"></span>turity profile<span class=\"_ _2\"></span> to </span></span></div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls4b ws77 gs51b\">June<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">2027.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span> loa<span class=\"_ _2\"></span>n was d<span class=\"_ _2\"></span>raw<span class=\"_ _2\"></span>n in 2<span class=\"_ _2\"></span>022 <span class=\"_ _2\"></span>to fi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>e the<span class=\"_ _2\"></span> purc<span class=\"_ _2\"></span>hase<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>two <span class=\"_ _2\"></span>seco<span class=\"_ _2\"></span>nd</span>-<span class=\"ls30 ws4f\">hand ship<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> for </span></span></div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls30 ws50 gs51c\">gener<span class=\"_ _2\"></span>al corp<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>ate pu<span class=\"_ _2\"></span>rpose<span class=\"_ _2\"></span>s. A<span class=\"_ _2\"></span>t t<span class=\"_ _2\"></span>he tim<span class=\"_ _2\"></span>e of d<span class=\"_ _2\"></span>rawd<span class=\"_ _2\"></span>own<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> inte<span class=\"_ _2\"></span>rest <span class=\"_ _2\"></span>rate w<span class=\"_ _2\"></span>as <span class=\"_ _2\"></span>fixed<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls30 ws50 gs51d\">As a p<span class=\"_ _2\"></span>art o<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he<span class=\"ls1 ws0\"> </span><span class=\"ws52\">sustai<span class=\"_ _2\"></span>nabili<span class=\"_ _2\"></span>ty<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2f ws70\">link<span class=\"_ _2\"></span>ed secured lo<span class=\"_ _2\"></span>an agreeme<span class=\"_ _2\"></span>nt <span class=\"ls30 ws50\">ente<span class=\"_ _2\"></span>red i<span class=\"_ _2\"></span>nto <span class=\"_ _2\"></span>on Feb<span class=\"_ _2\"></span>ru<span class=\"_ _2\"></span>ary 16<span class=\"_ _2\"></span>, 202<span class=\"_ _2\"></span>2, <span class=\"_ _2\"></span></span><span class=\"ws4e\">the </span></span></span></span></div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls31 ws51 gs51e\">Group drew $180.9 million on <span class=\"ls1 ws0\">a <span class=\"_ _1\"></span><span class=\"ls30 ws50\">t<span class=\"_ _2\"></span>erm l<span class=\"_ _2\"></span>oan <span class=\"ls31 ws51\">in <span class=\"_ _2\"></span>March 2022. <span class=\"ls2f ws70\">At the s<span class=\"_ _2\"></span>ame time, t<span class=\"_ _2\"></span>he Group sw<span class=\"_ _2\"></span>apped the </span></span></span></span></div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls2f ws70 gs51f\">floating inte<span class=\"_ _2\"></span>rest of the<span class=\"_ _2\"></span> term loan <span class=\"_ _2\"></span>into a fixed<span class=\"_ _2\"></span> rate<span class=\"ls4c ws79\">. <span class=\"ls30 ws50\">The ne<span class=\"_ _2\"></span>w te<span class=\"_ _2\"></span>rm l<span class=\"_ _2\"></span>oan<span class=\"_ _2\"></span> is a<span class=\"_ _2\"></span> five<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls4b ws77\">and</span>-a<span class=\"_ _1\"></span>-<span class=\"ls30 ws52\">half</span>-<span class=\"ls30 ws4f\">year term<span class=\"_ _2\"></span> </span></span></span></span></div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls2f ws70 gs520\">loan with semi<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">annual p<span class=\"_ _2\"></span>ayme<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span>.</span> </span></div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls30 ws50 gs521\">During<span class=\"_ _2\"></span> Feb<span class=\"_ _2\"></span>ruary<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> March<span class=\"_ _2\"></span> 201<span class=\"_ _2\"></span>9, <span class=\"_ _2\"></span>the G<span class=\"_ _2\"></span>roup <span class=\"_ _2\"></span>recei<span class=\"_ _2\"></span>ved $<span class=\"_ _2\"></span>241.6<span class=\"_ _2\"></span> mi<span class=\"_ _2\"></span>llion<span class=\"_ _2\"></span> unde<span class=\"_ _2\"></span>r a f<span class=\"_ _2\"></span>ixed<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>rate bo<span class=\"_ _2\"></span>rrow<span class=\"_ _2\"></span>ing </div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls30 ws52 gs522\">agreeme<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span>, <span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>nvolvi<span class=\"_ _2\"></span>ng<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">eight ships.<span class=\"_ _2\"></span> The</span> <span class=\"ls2f ws75\">agreement is</span> </span><span class=\"ws50\">with D<span class=\"_ _2\"></span>evelop<span class=\"_ _2\"></span>ment <span class=\"_ _2\"></span>Bank <span class=\"_ _2\"></span>of J<span class=\"_ _2\"></span>apan,<span class=\"_ _2\"></span> ING<span class=\"_ _2\"></span> Bank<span class=\"_ _2\"></span> </span></div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls30 ws50 gs523\">N.V.,<span class=\"_ _2\"></span> Nati<span class=\"_ _2\"></span>onal<span class=\"_ _2\"></span> Aust<span class=\"_ _2\"></span>ralia<span class=\"_ _2\"></span> Bank<span class=\"_ _2\"></span>, So<span class=\"_ _2\"></span>ci\u00e9t\u00e9 <span class=\"_ _2\"></span>G\u00e9n\u00e9r<span class=\"_ _2\"></span>ale <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>a gro<span class=\"_ _2\"></span>up of<span class=\"_ _2\"></span> pri<span class=\"_ _2\"></span>vate<span class=\"_ _2\"></span> inves<span class=\"_ _2\"></span>tors<span class=\"_ _2\"></span> at f<span class=\"_ _2\"></span>ixed<span class=\"_ _2\"></span> inte<span class=\"_ _2\"></span>rest </div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls30 ws50 gs524\">rates <span class=\"_ _2\"></span>rangi<span class=\"_ _2\"></span>ng f<span class=\"_ _2\"></span>rom 4<span class=\"_ _2\"></span>.16%<span class=\"_ _2\"></span> to 4.2<span class=\"_ _2\"></span>7%.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span>re a<span class=\"_ _2\"></span>re equ<span class=\"_ _2\"></span>al q<span class=\"_ _2\"></span>uarte<span class=\"_ _2\"></span>rly p<span class=\"_ _2\"></span>aym<span class=\"_ _2\"></span>ents fo<span class=\"_ _2\"></span>r eac<span class=\"_ _2\"></span>h s<span class=\"_ _2\"></span>hip f<span class=\"_ _2\"></span>or <span class=\"_ _2\"></span>an ave<span class=\"_ _2\"></span>rag<span class=\"_ _2\"></span>e </div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls30 ws52 gs525\">teno<span class=\"ls4a ws74\">r<span class=\"_ _2\"></span> of<span class=\"ls1 ws0\"> </span></span><span class=\"ws50\">eight ye<span class=\"_ _2\"></span>ars<span class=\"_ _2\"></span>. At<span class=\"_ _2\"></span> the e<span class=\"_ _2\"></span>nd o<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he agre<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt, t<span class=\"_ _2\"></span>he<span class=\"ls1 ws0\"> </span>Group<span class=\"_ _2\"></span> has<span class=\"_ _2\"></span> an op<span class=\"_ _2\"></span>tion <span class=\"_ _2\"></span>to p<span class=\"_ _2\"></span>urch<span class=\"_ _2\"></span>ase t<span class=\"_ _2\"></span>he shi<span class=\"_ _2\"></span>ps b<span class=\"_ _2\"></span>y </span></div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls2f ws70 gs526\">paying fixed <span class=\"_ _2\"></span>amounts. As<span class=\"_ _2\"></span> th<span class=\"ls4a ws74\">e opt<span class=\"_ _2\"></span>ion to<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">repurch<span class=\"_ _2\"></span>ase w<span class=\"_ _2\"></span>as vi<span class=\"_ _2\"></span>rtual<span class=\"_ _2\"></span>ly c<span class=\"_ _2\"></span>ertain<span class=\"_ _2\"></span> to b<span class=\"_ _2\"></span>e ex<span class=\"_ _2\"></span>erci<span class=\"_ _2\"></span>sed by<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> </span></span></span></div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls30 ws50 gs527\">Group<span class=\"_ _2\"></span> at t<span class=\"_ _2\"></span>he<span class=\"ls1 ws0\"> </span><span class=\"ws4f\">date of the<span class=\"_ _2\"></span> borr<span class=\"_ _2\"></span>owing<span class=\"_ _2\"></span>, the tr<span class=\"_ _2\"></span>ansac<span class=\"_ _2\"></span>tion ha<span class=\"_ _2\"></span>s bee<span class=\"_ _2\"></span>n trea<span class=\"_ _2\"></span>ted as<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">collateralised d<span class=\"_ _2\"></span>ebt. </span></span></span></div><div class=\"t m0 h98 ff1a2 fs39 fc2 sc0 ls2f ws4e gs528\">This<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">debt ref<span class=\"_ _2\"></span>inance<span class=\"_ _2\"></span>d t<span class=\"_ _2\"></span>he ac<span class=\"_ _2\"></span>quisi<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n deb<span class=\"_ _2\"></span>t rel<span class=\"_ _2\"></span>ating<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he</span> <span class=\"ls30 ws50\">Jo T<span class=\"_ _2\"></span>anke<span class=\"_ _2\"></span>rs acq<span class=\"_ _2\"></span>uisi<span class=\"_ _2\"></span>tion i<span class=\"_ _2\"></span>n 2<span class=\"_ _2\"></span>016.<span class=\"_ _195\"> </span></span></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h7e ff1a7 fs39 fc9 sc0 ls49 ws78 gs52a\">(ii<span class=\"ls1 ws0\">) <span class=\"ls46 ws6f\">Prefer<span class=\"_ _2\"></span>red <span class=\"ls4b ws77\">shi<span class=\"_ _2\"></span>p <span class=\"ls4c ws79\">variable</span></span></span> <span class=\"ls46 ws89\">rate mo<span class=\"_ _2\"></span>rtg<span class=\"_ _2\"></span>ages<span class=\"_ _2\"></span></span> </span></div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls30 ws50 gs52b\">During<span class=\"_ _2\"></span> the f<span class=\"_ _2\"></span>ou<span class=\"_ _2\"></span>rth q<span class=\"_ _2\"></span>uarte<span class=\"_ _2\"></span>r of<span class=\"_ _2\"></span> 202<span class=\"_ _2\"></span>5, the<span class=\"_ _2\"></span> Ave<span class=\"_ _2\"></span>nir <span class=\"_ _2\"></span>refi<span class=\"_ _2\"></span>nanced<span class=\"_ _2\"></span> its<span class=\"_ _2\"></span> thre<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">year bridge fi<span class=\"_ _2\"></span>nancing (Avenir<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls30 ws50 gs52c\">Bridge<span class=\"_ _2\"></span> Fina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>ng) whi<span class=\"_ _2\"></span>ch <span class=\"_ _2\"></span>had u<span class=\"_ _2\"></span>sed t<span class=\"_ _2\"></span>he <span class=\"ff1a9 ls49 ws7c\">A<span class=\"_ _2\"></span>veni<span class=\"_ _2\"></span>r Aspi<span class=\"_ _2\"></span>rat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span></span><span class=\"ls1 ws0\"> </span><span class=\"ws52\">and <span class=\"ff1a9 ls2f ws2f\">Avenir Achievement </span></span>as<span class=\"_ _2\"></span> coll<span class=\"_ _2\"></span>atera<span class=\"_ _2\"></span>l. </div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls2f ws4e gs52d\">Avenir<span class=\"ls1 ws0\"> </span><span class=\"ws70\">signed a $35.0 m<span class=\"_ _2\"></span>illion <span class=\"ls1 ws0\">r<span class=\"ls30 ws52\">educi<span class=\"_ _2\"></span>ng </span>r<span class=\"_ _1\"></span><span class=\"ls53 ws80\">evol<span class=\"_ _2\"></span>ver<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ls1 ws0\">f<span class=\"ls2f ws4e\">acility <span class=\"ls31 ws51\">(Avenir Revolver) on November 26, 2025 with </span></span></span></span></span></span></div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls30 ws50 gs52e\">Danske<span class=\"_ _2\"></span> Bank<span class=\"_ _2\"></span> us<span class=\"_ _2\"></span>ing th<span class=\"_ _2\"></span>e <span class=\"ff1a9 ls49 ws7c\">A<span class=\"_ _2\"></span>venir<span class=\"_ _2\"></span> Asp<span class=\"_ _2\"></span>irati<span class=\"_ _2\"></span>on </span><span class=\"ls2f ws70\">as coll<span class=\"_ _2\"></span>ateral. The<span class=\"_ _2\"></span> facility i<span class=\"_ _2\"></span>s for seven<span class=\"_ _2\"></span> years and <span class=\"_ _2\"></span>has loan<span class=\"ls1 ws0\">-<span class=\"ls55 ws73\">to</span>-<span class=\"_ _195\"> </span></span></span></div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls2f ws70 gs52f\">value of 65<span class=\"_ _2\"></span>%. Also, on <span class=\"_ _2\"></span>November 17,<span class=\"_ _2\"></span> 2025, Avenir<span class=\"_ _2\"></span> signed a<span class=\"_ _2\"></span> $49.0 million<span class=\"_ _2\"></span> sale and le<span class=\"_ _2\"></span>aseback facili<span class=\"_ _2\"></span>ty </div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls31 ws53 gs530\">wi<span class=\"ls30 ws50\">th Kow<span class=\"_ _2\"></span>a Com<span class=\"_ _2\"></span>pany<span class=\"_ _2\"></span>, Ltd.<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span>refi<span class=\"_ _2\"></span>nance <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> <span class=\"ff1a9 ls49 wsaa\">Ave<span class=\"_ _2\"></span>nir A<span class=\"_ _2\"></span>chie<span class=\"_ _2\"></span>vem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span></span>. At t<span class=\"_ _2\"></span>he e<span class=\"_ _2\"></span>nd of<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>agre<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span>, t<span class=\"_ _2\"></span>he </span></div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls30 ws50 gs531\">Group<span class=\"_ _2\"></span> has <span class=\"_ _2\"></span>an op<span class=\"_ _2\"></span>tion <span class=\"_ _2\"></span>to p<span class=\"_ _2\"></span>urch<span class=\"_ _2\"></span>ase t<span class=\"_ _2\"></span>he shi<span class=\"_ _2\"></span>ps b<span class=\"_ _2\"></span>y p<span class=\"_ _2\"></span>aying<span class=\"_ _2\"></span> a fix<span class=\"_ _2\"></span>ed am<span class=\"_ _2\"></span>oun<span class=\"_ _2\"></span>t. As <span class=\"_ _2\"></span>the op<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n to<span class=\"_ _2\"></span> rep<span class=\"_ _2\"></span>urcha<span class=\"_ _2\"></span>se </div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls30 ws50 gs532\">was vi<span class=\"_ _2\"></span>rtual<span class=\"_ _2\"></span>ly c<span class=\"_ _2\"></span>ertai<span class=\"_ _2\"></span>n to<span class=\"_ _2\"></span> be <span class=\"_ _2\"></span>exerci<span class=\"_ _2\"></span>sed b<span class=\"_ _2\"></span>y the<span class=\"_ _2\"></span> Gr<span class=\"_ _2\"></span>oup at<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> date<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>the b<span class=\"_ _2\"></span>orro<span class=\"_ _2\"></span>wing<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> tran<span class=\"_ _2\"></span>sact<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>has </div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls2f ws70 gs533\">been treated a<span class=\"_ _2\"></span>s collaterali<span class=\"_ _2\"></span>sed debt.<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls31 ws51 gs534\">On November 12, 2025, Avenir signed a $128.0 million pre<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">delivery sale <span class=\"_ _2\"></span>and leaseback f<span class=\"_ _2\"></span>acility for<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls53 ws32 gs535\">the two<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">n<span class=\"ls2f ws4e\">ewbuilding <span class=\"ls30 ws50\">ships c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>ntly<span class=\"_ _2\"></span> being<span class=\"_ _2\"></span> bui<span class=\"_ _2\"></span>lt b<span class=\"_ _2\"></span>y Na<span class=\"_ _2\"></span>ntung<span class=\"_ _2\"></span> Xi<span class=\"_ _2\"></span>angyu <span class=\"_ _2\"></span>Shipy<span class=\"_ _2\"></span>ard. T<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> facil<span class=\"_ _2\"></span>ity<span class=\"_ _2\"></span> has be<span class=\"_ _2\"></span>en </span></span></span></div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls30 ws50 gs536\">arrang<span class=\"_ _2\"></span>ed wi<span class=\"_ _2\"></span>th A<span class=\"_ _2\"></span>VIC Fi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>ial L<span class=\"_ _2\"></span>easi<span class=\"_ _2\"></span>ng, m<span class=\"_ _2\"></span>atu<span class=\"_ _2\"></span>res in<span class=\"_ _2\"></span> 10 ye<span class=\"_ _2\"></span>ars<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> wil<span class=\"_ _2\"></span>l all<span class=\"_ _2\"></span>ow fo<span class=\"_ _2\"></span>r d<span class=\"_ _2\"></span>rawdow<span class=\"_ _2\"></span>ns fo<span class=\"_ _2\"></span>r fu<span class=\"_ _2\"></span>ture<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls1 ws0 gs537\">n<span class=\"_ _1\"></span><span class=\"ls2f ws4e\">ewbuildi<span class=\"_ _2\"></span>ng <span class=\"ls30 ws50\">deposi<span class=\"_ _2\"></span>ts. At<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> mat<span class=\"_ _2\"></span>urity d<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span> h<span class=\"_ _2\"></span>as an op<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>on to<span class=\"_ _2\"></span> rep<span class=\"_ _2\"></span>urcha<span class=\"_ _2\"></span>se the<span class=\"_ _2\"></span> shi<span class=\"_ _2\"></span>ps a<span class=\"_ _2\"></span>t a </span></span></div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls30 ws50 gs538\">fixed<span class=\"_ _2\"></span> amou<span class=\"_ _2\"></span>nt. As<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> opti<span class=\"_ _2\"></span>on to<span class=\"_ _2\"></span> re<span class=\"_ _2\"></span>purch<span class=\"_ _2\"></span>ase i<span class=\"_ _2\"></span>s v<span class=\"_ _2\"></span>irtu<span class=\"_ _2\"></span>ally ce<span class=\"_ _2\"></span>rtai<span class=\"_ _2\"></span>n to<span class=\"_ _2\"></span> be<span class=\"_ _2\"></span> exerc<span class=\"_ _2\"></span>ised<span class=\"_ _2\"></span> by t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup<span class=\"_ _2\"></span> at the<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls30 ws50 gs539\">date o<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he bor<span class=\"_ _2\"></span>rowi<span class=\"_ _2\"></span>ng<span class=\"ls2f ws70\">, t<span class=\"_ _2\"></span>he transaction will<span class=\"_ _2\"></span> be treat<span class=\"_ _2\"></span>ed as coll<span class=\"_ _2\"></span>ateralised debt<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls2f ws70 gs53a\">On December 5,<span class=\"_ _2\"></span> 2024, the <span class=\"_ _2\"></span>Group completed<span class=\"_ _2\"></span> the ea<span class=\"_ _2\"></span>rly repayment <span class=\"_ _2\"></span>of a port<span class=\"_ _2\"></span>ion of <span class=\"_ _2\"></span>the <span class=\"ls30 ws50\">CMB<span class=\"_ _2\"></span> Fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al </span></div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls30 ws52 gs53b\">Leasing<span class=\"_ _2\"></span> <span class=\"ls48 ws72\">Co. <span class=\"_ _1\"></span><span class=\"ws92\">Ltd<span class=\"_ _2\"></span>. (CMBFL<span class=\"_ _2\"></span>) <span class=\"ls2f ws70\">debt for fo<span class=\"_ _2\"></span>ur ships for<span class=\"_ _2\"></span> $103.0 millio<span class=\"_ _2\"></span>n, including <span class=\"_ _2\"></span>accrued in<span class=\"_ _2\"></span>terest. </span></span></span></div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls30 ws50 gs53c\">Additio<span class=\"_ _2\"></span>nal<span class=\"_ _2\"></span>ly, o<span class=\"_ _2\"></span>n Dec<span class=\"_ _2\"></span>ember<span class=\"_ _2\"></span> 31,<span class=\"_ _2\"></span> 20<span class=\"_ _2\"></span>24 and<span class=\"_ _2\"></span> Ja<span class=\"_ _2\"></span>nuary<span class=\"_ _2\"></span> 2, 20<span class=\"_ _2\"></span>25, t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> refi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>ed the<span class=\"_ _2\"></span> deb<span class=\"_ _2\"></span>t on <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls30 ws50 gs53d\">remai<span class=\"_ _2\"></span>ning s<span class=\"_ _2\"></span>hips.<span class=\"_ _2\"></span> As<span class=\"_ _2\"></span> a re<span class=\"_ _2\"></span>sult<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> inte<span class=\"_ _2\"></span>rest<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span> on t<span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>ships<span class=\"_ _2\"></span> has b<span class=\"_ _2\"></span>een f<span class=\"_ _2\"></span>ixed<span class=\"_ _2\"></span> at <span class=\"_ _2\"></span>less<span class=\"_ _2\"></span> than 6<span class=\"_ _2\"></span>.0%<span class=\"_ _2\"></span> a<span class=\"ws4f\">nd<span class=\"_ _2\"></span> the </span></div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls30 ws50 gs53e\">margi<span class=\"_ _2\"></span>n on<span class=\"_ _2\"></span> the l<span class=\"_ _2\"></span>ast <span class=\"_ _2\"></span>three <span class=\"_ _2\"></span>ships<span class=\"_ _2\"></span>, w<span class=\"_ _2\"></span>hich<span class=\"_ _2\"></span> rem<span class=\"_ _2\"></span>ain fl<span class=\"_ _2\"></span>oating<span class=\"_ _2\"></span>, w<span class=\"_ _2\"></span>as low<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>d. I<span class=\"_ _2\"></span>n 2025<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up f<span class=\"_ _2\"></span>ull<span class=\"ls1 ws0\">y </span><span class=\"ws52\">repaid<span class=\"_ _2\"></span> </span></div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls30 ws50 gs53f\">the CM<span class=\"_ _2\"></span>BFL d<span class=\"_ _2\"></span>ebt f<span class=\"_ _2\"></span>acili<span class=\"_ _2\"></span>ty.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls2f ws70 gs540\">As part of <span class=\"_ _2\"></span>the acquisitio<span class=\"_ _2\"></span>n of Ave<span class=\"_ _2\"></span>nir on February 6<span class=\"_ _2\"></span>, 2025,<span class=\"_ _2\"></span> debt facilities<span class=\"_ _2\"></span> of $142.1 mill<span class=\"_ _2\"></span>ion we<span class=\"_ _2\"></span>re </div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls2f ws75 gs541\">consolidated into the Group. Of the total, $60.0 millio<span class=\"_ _2\"></span>n consisted primarily of three<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2f ws70\">year<span class=\"_ _2\"></span> bridge </span></span></div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls30 ws4f gs542\">financ<span class=\"_ _2\"></span>ing usi<span class=\"_ _2\"></span>ng the<span class=\"_ _2\"></span> <span class=\"ff1a9 ls54 ws70\">Avenir Aspiration</span><span class=\"ls1 ws0\"> </span><span class=\"ws52\">and <span class=\"ff1a9 ls49 wsaa\">Avenir<span class=\"_ _2\"></span> Ac<span class=\"_ _2\"></span>hie<span class=\"_ _2\"></span>vement<span class=\"_ _2\"></span></span><span class=\"ls1 ws0\"> </span><span class=\"ws50\">as col<span class=\"_ _2\"></span>later<span class=\"_ _2\"></span>al. B<span class=\"_ _2\"></span>oth b<span class=\"_ _2\"></span>ore i<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>rest <span class=\"_ _2\"></span>at </span></span></div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls2f ws70 gs543\">SOFR plus a m<span class=\"_ _2\"></span>argin of<span class=\"_ _2\"></span> 2.75%. Th<span class=\"_ _2\"></span>ese facilities were<span class=\"_ _2\"></span> refinanced i<span class=\"_ _2\"></span>n November 202<span class=\"_ _2\"></span>5. Aveni<span class=\"_ _2\"></span>r also had </div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls30 ws50 gs544\">$25.4<span class=\"_ _2\"></span> milli<span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>outst<span class=\"_ _2\"></span>anding<span class=\"_ _2\"></span> on<span class=\"_ _2\"></span> a f<span class=\"_ _2\"></span>acili<span class=\"_ _2\"></span>ty wi<span class=\"_ _2\"></span>th D<span class=\"_ _2\"></span>anske <span class=\"_ _2\"></span>Bank <span class=\"_ _2\"></span>usi<span class=\"_ _2\"></span>ng the<span class=\"_ _2\"></span> <span class=\"ff1a9 ls49 wsaa\">Av<span class=\"_ _2\"></span>enir<span class=\"_ _2\"></span> Ad<span class=\"_ _2\"></span>vant<span class=\"_ _2\"></span>age</span><span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">as collater<span class=\"_ _2\"></span>al.</span> </span></div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls30 ws4f gs545\">Aveni<span class=\"_ _2\"></span>r also ha<span class=\"_ _2\"></span>s a flo<span class=\"_ _2\"></span>ating ra<span class=\"_ _2\"></span>te sal<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2f ws70\">le<span class=\"_ _2\"></span>aseback facili<span class=\"_ _2\"></span>ty with Primer<span class=\"_ _2\"></span> Maritime <span class=\"_ _2\"></span>PVT using <span class=\"ff1a9 ls49 ws78\">A<span class=\"_ _2\"></span>veni<span class=\"_ _2\"></span>r </span></span></span></div><div class=\"t m0 h98 ff1a9 fs39 fc2 sc0 ls2f ws4e gs546\">Accolade<span class=\"ff1a8 ls1 ws0\"> <span class=\"ls30 ws52\">and </span></span><span class=\"ls57 wsad\">Av<span class=\"_ _1\"></span>eni<span class=\"_ _1\"></span>r Ascen<span class=\"_ _1\"></span>sion<span class=\"ff1a8 ls1 ws0\"> <span class=\"_ _3\"></span><span class=\"ls2f ws70\">a<span class=\"_ _2\"></span>s collateral.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Repayment is monthly ov<span class=\"_ _2\"></span>er a term <span class=\"_ _2\"></span>of seventee<span class=\"_ _2\"></span>n years </span></span></span></div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls30 ws50 gs547\">at SO<span class=\"_ _2\"></span>FR pl<span class=\"_ _2\"></span>us a m<span class=\"_ _2\"></span>argi<span class=\"_ _2\"></span>n of<span class=\"_ _2\"></span> 1.9<span class=\"_ _2\"></span>%. T<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup h<span class=\"_ _2\"></span>as a<span class=\"_ _2\"></span>n opti<span class=\"_ _2\"></span>on t<span class=\"_ _2\"></span>o rep<span class=\"_ _2\"></span>urchas<span class=\"_ _2\"></span>e t<span class=\"_ _2\"></span>he sh<span class=\"_ _2\"></span>ips f<span class=\"_ _2\"></span>rom<span class=\"_ _2\"></span> the e<span class=\"_ _2\"></span>nd of<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls30 ws50 gs548\">the se<span class=\"_ _2\"></span>cond y<span class=\"_ _2\"></span>ea<span class=\"_ _2\"></span>r and<span class=\"_ _2\"></span> a pu<span class=\"_ _2\"></span>rchase<span class=\"_ _2\"></span> o<span class=\"_ _2\"></span>bligat<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>at th<span class=\"_ _2\"></span>e end<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>the te<span class=\"_ _2\"></span>rm.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws75\">Due to t<span class=\"_ _1\"></span>he exis<span class=\"_ _2\"></span>tence of a </span></span></div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls2f ws70 gs549\">purchase obligat<span class=\"_ _2\"></span>ion, the <span class=\"_ _2\"></span>transaction w<span class=\"_ _2\"></span>as treated as<span class=\"_ _2\"></span> collateralised<span class=\"_ _2\"></span> debt.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls30 ws50 gs54a\">During<span class=\"_ _2\"></span> Marc<span class=\"_ _2\"></span>h 20<span class=\"_ _2\"></span>21, t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> close<span class=\"_ _2\"></span>d a $7<span class=\"_ _2\"></span>7.0<span class=\"_ _2\"></span> mill<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> floati<span class=\"_ _2\"></span>ng<span class=\"ls1 ws0\"> </span>rate<span class=\"_ _2\"></span> faci<span class=\"_ _2\"></span>lity<span class=\"_ _2\"></span> wit<span class=\"_ _2\"></span>h CMB<span class=\"_ _2\"></span>FL inc<span class=\"_ _2\"></span>ludi<span class=\"_ _2\"></span>ng </div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls30 ws50 gs54b\">three <span class=\"_ _2\"></span>newly<span class=\"_ _2\"></span> acq<span class=\"_ _2\"></span>uired<span class=\"_ _2\"></span> CT<span class=\"_ _2\"></span>G ships<span class=\"_ _2\"></span>. T<span class=\"_ _2\"></span>here a<span class=\"_ _2\"></span>re qu<span class=\"_ _2\"></span>arte<span class=\"_ _2\"></span>rly <span class=\"_ _2\"></span>repaym<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span> for <span class=\"_ _2\"></span>eac<span class=\"_ _2\"></span>h ship<span class=\"_ _2\"></span> ove<span class=\"_ _2\"></span>r te<span class=\"_ _2\"></span>n year<span class=\"_ _2\"></span>s </div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls30 ws50 gs54c\">whereby<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e Gro<span class=\"_ _2\"></span>up h<span class=\"_ _2\"></span>as an <span class=\"_ _2\"></span>optio<span class=\"_ _2\"></span>n to p<span class=\"_ _2\"></span>urc<span class=\"_ _2\"></span>hase <span class=\"_ _2\"></span>the s<span class=\"_ _2\"></span>hips<span class=\"_ _2\"></span> by p<span class=\"_ _2\"></span>ayin<span class=\"_ _2\"></span>g $12<span class=\"_ _2\"></span>.8 mi<span class=\"_ _2\"></span>llion<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>r each<span class=\"_ _2\"></span> ship<span class=\"_ _2\"></span>. </div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls2f ws4e gs54d\">As<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">t<span class=\"_ _2\"></span>he opt<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span>repurc<span class=\"_ _2\"></span>hase<span class=\"_ _2\"></span> was <span class=\"_ _2\"></span>virtu<span class=\"_ _2\"></span>ally c<span class=\"_ _2\"></span>ert<span class=\"_ _2\"></span>ain <span class=\"_ _2\"></span>to be<span class=\"_ _2\"></span> exe<span class=\"_ _2\"></span>rcised<span class=\"_ _2\"></span> by<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls53 ws7d\">the Group at the<span class=\"_ _2\"></span> date of the<span class=\"_ _2\"></span> </span></span></span></span></div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls30 ws50 gs54e\">borrow<span class=\"_ _2\"></span>ing, <span class=\"_ _2\"></span>the t<span class=\"_ _2\"></span>rans<span class=\"_ _2\"></span>acti<span class=\"_ _2\"></span>on has<span class=\"_ _2\"></span> b<span class=\"_ _2\"></span>een tre<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> as c<span class=\"_ _2\"></span>olla<span class=\"_ _2\"></span>teral<span class=\"_ _2\"></span>ised d<span class=\"_ _2\"></span>eb<span class=\"_ _2\"></span>t.<span class=\"ls1 ws0\"> </span>This f<span class=\"_ _2\"></span>acility<span class=\"_ _2\"></span> wa<span class=\"_ _2\"></span>s rep<span class=\"_ _2\"></span>aid e<span class=\"_ _2\"></span>arly<span class=\"_ _2\"></span> in </div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls31 ws51 gs54f\">December 2024.<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls2f ws70 gs550\">In August 201<span class=\"_ _2\"></span>9, the G<span class=\"_ _2\"></span>roup close<span class=\"_ _2\"></span>d a $415.6 milli<span class=\"_ _2\"></span>on floating<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>rate facility with CMB<span class=\"_ _2\"></span><span class=\"ls30 ws52\">FL<span class=\"ws50\">, i<span class=\"_ _2\"></span>nvol<span class=\"_ _2\"></span>ving <span class=\"ls31 ws53\">20<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls30 ws50 gs551\">ships.<span class=\"_ _2\"></span> There<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> equ<span class=\"_ _2\"></span>al qu<span class=\"_ _2\"></span>arter<span class=\"_ _2\"></span>ly <span class=\"_ _2\"></span>payme<span class=\"_ _2\"></span>nts f<span class=\"_ _2\"></span>or eac<span class=\"_ _2\"></span>h shi<span class=\"_ _2\"></span>p fo<span class=\"_ _2\"></span>r a<span class=\"_ _2\"></span>n av<span class=\"_ _2\"></span>erage<span class=\"_ _2\"></span> teno<span class=\"_ _2\"></span>r of <span class=\"_ _2\"></span>seve<span class=\"_ _2\"></span>n year<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls2f ws70 gs552\">floating inte<span class=\"_ _2\"></span>rest rates. <span class=\"ls30 ws50\">At<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> end<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he ag<span class=\"_ _2\"></span>reeme<span class=\"_ _2\"></span>nt,<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> has<span class=\"_ _2\"></span> an <span class=\"_ _2\"></span>option <span class=\"_ _2\"></span>to p<span class=\"_ _2\"></span>urch<span class=\"_ _2\"></span>ase t<span class=\"_ _2\"></span>he s<span class=\"_ _2\"></span>hips </span></div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls30 ws50 gs553\">by pay<span class=\"_ _2\"></span>ing fi<span class=\"_ _2\"></span>xed<span class=\"_ _2\"></span> amo<span class=\"_ _2\"></span>unts.<span class=\"_ _2\"></span> As <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>optio<span class=\"_ _2\"></span>n to<span class=\"_ _2\"></span> repurc<span class=\"_ _2\"></span>has<span class=\"_ _2\"></span>e was<span class=\"_ _2\"></span> vi<span class=\"_ _2\"></span>rtuall<span class=\"_ _2\"></span>y cer<span class=\"_ _2\"></span>tain<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">to be exe<span class=\"_ _2\"></span>rcised by <span class=\"_ _2\"></span>the </span></span></div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls30 ws50 gs554\">Group<span class=\"_ _2\"></span> at t<span class=\"_ _2\"></span>he da<span class=\"_ _2\"></span>te o<span class=\"_ _2\"></span>f the<span class=\"_ _2\"></span> borr<span class=\"_ _2\"></span>owi<span class=\"_ _2\"></span>ng, t<span class=\"_ _2\"></span>he tr<span class=\"_ _2\"></span>ansac<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n has<span class=\"_ _2\"></span> been <span class=\"_ _2\"></span>tre<span class=\"_ _2\"></span>ated <span class=\"_ _2\"></span>as co<span class=\"_ _2\"></span>llate<span class=\"_ _2\"></span>rali<span class=\"_ _2\"></span>sed d<span class=\"_ _2\"></span>ebt.<span class=\"_ _2\"></span> The l<span class=\"_ _2\"></span>oan </div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls30 ws50 gs555\">was us<span class=\"_ _2\"></span>ed t<span class=\"_ _2\"></span>o pay<span class=\"_ _2\"></span> dow<span class=\"_ _2\"></span>n ex<span class=\"_ _2\"></span>isting<span class=\"_ _2\"></span> deb<span class=\"_ _2\"></span>t and<span class=\"_ _2\"></span> for g<span class=\"_ _2\"></span>ener<span class=\"_ _2\"></span>al co<span class=\"_ _2\"></span>rpor<span class=\"_ _2\"></span>ate p<span class=\"_ _2\"></span>urpose<span class=\"_ _2\"></span>s.<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">This loa<span class=\"_ _2\"></span>n was partially </span></span></div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls31 ws51 gs556\">repaid in 2025. <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h7e ff1a7 fs39 fc9 sc0 ls49 ws78 gs557\">(ii<span class=\"ls1 ws0\">i)<span class=\"_ _1\"></span> <span class=\"ls46 ws92\">Seni<span class=\"_ _2\"></span>or se<span class=\"_ _2\"></span>cu<span class=\"_ _2\"></span>red c<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>dit f<span class=\"_ _2\"></span>acil<span class=\"_ _2\"></span>itie<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span></span> </span></div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls30 ws50 gs558\">On July<span class=\"_ _2\"></span> 9<span class=\"_ _2\"></span>, 2024<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up <span class=\"_ _2\"></span>refina<span class=\"_ _2\"></span>nced <span class=\"_ _2\"></span><span class=\"ls31 ws51\">the 2015 private placement<span class=\"ls1 ws0\"> </span></span>facility<span class=\"_ _2\"></span> mat<span class=\"_ _2\"></span>uring<span class=\"_ _2\"></span> in M<span class=\"_ _2\"></span>arc<span class=\"_ _2\"></span>h <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls2f ws70 gs559\">2025 through th<span class=\"_ _2\"></span>e issuance o<span class=\"_ _2\"></span>f $450.0 m<span class=\"_ _2\"></span>illion in seve<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\">-<span class=\"ls47 ws82\">year an<span class=\"_ _1\"></span>d ten<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">ye<span class=\"_ _2\"></span>ar <span class=\"_ _2\"></span>notes<span class=\"_ _2\"></span> in t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>US pri<span class=\"_ _2\"></span>vate<span class=\"_ _2\"></span> </span></span></span></span></div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls30 ws50 gs55a\">placem<span class=\"_ _2\"></span>ent m<span class=\"_ _2\"></span>arke<span class=\"_ _2\"></span>t. T<span class=\"_ _2\"></span>he no<span class=\"_ _2\"></span>tes a<span class=\"_ _2\"></span>re se<span class=\"_ _2\"></span>cured<span class=\"_ _2\"></span> by <span class=\"_ _2\"></span>US<span class=\"ls1 ws0\">-</span>based<span class=\"_ _2\"></span> asse<span class=\"_ _2\"></span>ts <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>a gua<span class=\"_ _2\"></span>rantee<span class=\"_ _2\"></span> from<span class=\"_ _2\"></span> <span class=\"ls4b ws77\">SNL<span class=\"_ _2\"></span></span><span class=\"ws4f\">. The<span class=\"_ _2\"></span> </span></div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls30 ws50 gs55b\">notes <span class=\"_ _2\"></span>are f<span class=\"_ _2\"></span>ixed<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span> note<span class=\"_ _2\"></span>s wi<span class=\"_ _2\"></span>th t<span class=\"_ _2\"></span>he in<span class=\"_ _2\"></span>tere<span class=\"_ _2\"></span>st r<span class=\"_ _2\"></span>ate fo<span class=\"_ _2\"></span>r bo<span class=\"_ _2\"></span>th tr<span class=\"_ _2\"></span>anc<span class=\"_ _2\"></span>hes f<span class=\"_ _2\"></span>ixed<span class=\"_ _2\"></span> at jus<span class=\"_ _2\"></span>t un<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span> 6%. T<span class=\"_ _2\"></span>he f<span class=\"_ _2\"></span>undin<span class=\"_ _2\"></span>g </div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls30 ws50 gs55c\">took p<span class=\"_ _2\"></span>lace<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>July 1<span class=\"_ _2\"></span>8, 20<span class=\"_ _2\"></span>24<span class=\"_ _2\"></span>, at w<span class=\"_ _2\"></span>hich<span class=\"_ _2\"></span> time<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> <span class=\"ls31 ws51\">2015 private placement<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">facility <span class=\"_ _1\"></span><span class=\"ls30 ws50\">w<span class=\"_ _2\"></span>as re<span class=\"_ _2\"></span>paid<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></span></span></span></span></div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls30 ws50 gs55d\">On Ju<span class=\"_ _2\"></span>ne 12<span class=\"_ _2\"></span>, 20<span class=\"_ _2\"></span>23, the<span class=\"_ _2\"></span> Gr<span class=\"_ _2\"></span>oup<span class=\"_ _2\"></span> refi<span class=\"_ _2\"></span>nance<span class=\"_ _2\"></span>d its<span class=\"_ _2\"></span> pre<span class=\"_ _2\"></span>vious<span class=\"_ _2\"></span> Stol<span class=\"_ _2\"></span>thave<span class=\"_ _2\"></span>n S<span class=\"_ _2\"></span>ingapo<span class=\"_ _2\"></span>re fac<span class=\"_ _2\"></span>ili<span class=\"_ _2\"></span>ty wi<span class=\"_ _2\"></span>th a <span class=\"_ _2\"></span>SGD<span class=\"_ _2\"></span> 280.<span class=\"_ _2\"></span>0 </div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls2f ws75 gs55e\">million ($208.4 million) term loan<span class=\"_ _2\"></span>. The agreement is with DBS Bank Ltd., ING Bank N.V., KfW IPEX<span class=\"ls1 ws0\">-<span class=\"_ _195\"> </span></span></div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls30 ws4f gs55f\">Bank Gm<span class=\"_ _2\"></span>bH and Ove<span class=\"_ _2\"></span>rsea<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span><span class=\"ws50\">Chinese Ba<span class=\"_ _2\"></span>nki<span class=\"_ _2\"></span>ng Co<span class=\"_ _2\"></span>rpor<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span> Limi<span class=\"_ _2\"></span>ted.<span class=\"_ _2\"></span> T<span class=\"ws52\">he<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">debt will b<span class=\"_ _2\"></span>e repaid <span class=\"_ _2\"></span>over seven </span></span></span></span></div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls30 ws50 gs560\">years<span class=\"_ _2\"></span> with<span class=\"_ _2\"></span> a fin<span class=\"_ _2\"></span>al b<span class=\"_ _2\"></span>alloo<span class=\"_ _2\"></span>n p<span class=\"_ _2\"></span>ayment<span class=\"_ _2\"></span> of S<span class=\"_ _2\"></span>GD 11<span class=\"_ _2\"></span>2.0 mi<span class=\"_ _2\"></span>llio<span class=\"_ _2\"></span>n and<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>nteres<span class=\"_ _2\"></span>t ra<span class=\"_ _2\"></span>te ha<span class=\"_ _2\"></span>s bee<span class=\"_ _2\"></span>n fi<span class=\"_ _2\"></span>xed <span class=\"_ _2\"></span>at 5.<span class=\"_ _2\"></span>3%.<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls2f ws70 gs561\">The net proceeds<span class=\"_ _2\"></span> were used <span class=\"_ _2\"></span>to repay <span class=\"_ _2\"></span>a NOK bond <span class=\"_ _2\"></span>(SNI09) with $<span class=\"_ _2\"></span>132.0 millio<span class=\"_ _2\"></span>n outstand<span class=\"_ _2\"></span>ing and fo<span class=\"_ _2\"></span>r </div><div class=\"t m0 h98 ff1a8 fs39 fc2 sc0 ls30 ws50 gs562\">gener<span class=\"_ _2\"></span>al corp<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>ate pu<span class=\"_ _2\"></span>rpose<span class=\"_ _2\"></span><span class=\"ls48 ws72\">s.<span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 h98 ff1ac fs39 fc2 sc0 ls30 ws4f gs564\">On June<span class=\"_ _2\"></span> 21, 2022<span class=\"_ _2\"></span>, the Gr<span class=\"_ _2\"></span>oup sig<span class=\"_ _2\"></span>ned a $110<span class=\"_ _2\"></span>.0 mi<span class=\"_ _2\"></span>llion f<span class=\"_ _2\"></span>loati<span class=\"_ _2\"></span>ng rat<span class=\"_ _2\"></span>e borrow<span class=\"_ _2\"></span>ing ag<span class=\"_ _2\"></span>reem<span class=\"_ _2\"></span>ent usi<span class=\"_ _2\"></span>ng a </div><div class=\"t m0 h98 ff1ac fs39 fc2 sc0 ls30 ws50 gs565\">group<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>ank co<span class=\"_ _2\"></span>ntai<span class=\"_ _2\"></span>ners<span class=\"_ _2\"></span> as c<span class=\"_ _2\"></span>oll<span class=\"_ _2\"></span>ater<span class=\"_ _2\"></span>al. The<span class=\"_ _2\"></span> ag<span class=\"_ _2\"></span>reemen<span class=\"_ _2\"></span>t is<span class=\"_ _2\"></span> with<span class=\"_ _2\"></span> ING<span class=\"_ _2\"></span> Bank<span class=\"_ _2\"></span> N.V<span class=\"_ _2\"></span>. and<span class=\"_ _2\"></span> a gr<span class=\"_ _2\"></span>oup o<span class=\"_ _2\"></span>f pri<span class=\"_ _2\"></span>vate<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff1ac fs39 fc2 sc0 ls30 ws50 gs566\">invest<span class=\"_ _2\"></span>ors f<span class=\"_ _2\"></span>or <span class=\"_ _2\"></span>seven y<span class=\"_ _2\"></span>ear<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> te<span class=\"_ _2\"></span>n mo<span class=\"_ _2\"></span>nths.<span class=\"_ _2\"></span> There<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> 33<span class=\"_ _2\"></span> equal<span class=\"_ _2\"></span> pa<span class=\"_ _2\"></span><span class=\"ls47 ws82\">ymen<span class=\"_ _1\"></span>ts, with a bal<span class=\"_ _1\"></span>loon payme<span class=\"_ _1\"></span>nt </span></div><div class=\"t m0 h98 ff1ac fs39 fc2 sc0 ls30 ws52 gs567\">at<span class=\"ls1 ws0\"> </span>maturit<span class=\"_ _2\"></span>y. <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1ac fs39 fc2 sc0 ls30 ws50 gs568\">On Ma<span class=\"_ _2\"></span>rch 2<span class=\"_ _2\"></span>, 202<span class=\"_ _2\"></span>2, t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup si<span class=\"_ _2\"></span>gned<span class=\"_ _2\"></span> a $1<span class=\"_ _2\"></span>27.6<span class=\"_ _2\"></span> mill<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>float<span class=\"_ _2\"></span>ing <span class=\"_ _2\"></span>rate<span class=\"_ _2\"></span> borro<span class=\"_ _2\"></span>wing<span class=\"_ _2\"></span> agre<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span> usi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>a </div><div class=\"t m0 h98 ff1ac fs39 fc2 sc0 ls30 ws50 gs569\">group<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>ank co<span class=\"_ _2\"></span>ntai<span class=\"_ _2\"></span>ners<span class=\"_ _2\"></span> as c<span class=\"_ _2\"></span>oll<span class=\"_ _2\"></span>ater<span class=\"_ _2\"></span>al. The<span class=\"_ _2\"></span> ag<span class=\"_ _2\"></span>reemen<span class=\"_ _2\"></span>t is<span class=\"_ _2\"></span> with<span class=\"_ _2\"></span> ING<span class=\"_ _2\"></span> Bank<span class=\"_ _2\"></span> N.V<span class=\"_ _2\"></span>. and<span class=\"_ _2\"></span> a gr<span class=\"_ _2\"></span>oup o<span class=\"_ _2\"></span>f pri<span class=\"_ _2\"></span>vate<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff1ac fs39 fc2 sc0 ls30 ws50 gs56a\">invest<span class=\"_ _2\"></span>ors f<span class=\"_ _2\"></span>or <span class=\"_ _2\"></span>six ye<span class=\"_ _2\"></span>ars <span class=\"_ _2\"></span>and t<span class=\"_ _2\"></span>en m<span class=\"_ _2\"></span>onths.<span class=\"_ _2\"></span> T<span class=\"_ _2\"></span>here a<span class=\"_ _2\"></span>re 2<span class=\"_ _2\"></span>9 equal<span class=\"_ _2\"></span> paym<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>nts, w<span class=\"_ _2\"></span>ith <span class=\"_ _2\"></span>a bal<span class=\"_ _2\"></span>loon<span class=\"_ _2\"></span> payme<span class=\"_ _2\"></span>nt at<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff1ac fs39 fc2 sc0 ls30 ws50 gs56b\">maturi<span class=\"_ _2\"></span>ty. C<span class=\"_ _2\"></span>ash w<span class=\"_ _2\"></span>as d<span class=\"_ _2\"></span>rawn<span class=\"_ _2\"></span> on t<span class=\"_ _2\"></span>he ne<span class=\"_ _2\"></span>w fac<span class=\"_ _2\"></span>ility<span class=\"_ _2\"></span> s<span class=\"_ _2\"></span>ubseq<span class=\"_ _2\"></span>uent <span class=\"_ _2\"></span>to t<span class=\"_ _2\"></span>he May<span class=\"_ _2\"></span> 2022<span class=\"_ _2\"></span> ball<span class=\"_ _2\"></span>oon<span class=\"_ _2\"></span> payme<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1ac fs39 fc2 sc0 ls30 ws50 gs56c\">the May<span class=\"_ _2\"></span> 20<span class=\"_ _2\"></span>16 ta<span class=\"_ _2\"></span>nk co<span class=\"_ _2\"></span>ntai<span class=\"_ _2\"></span>ner f<span class=\"_ _2\"></span>inanc<span class=\"_ _2\"></span>ing a<span class=\"_ _2\"></span>nd <span class=\"_ _2\"></span>the i<span class=\"_ _2\"></span>nteres<span class=\"_ _2\"></span>t ra<span class=\"_ _2\"></span>te w<span class=\"_ _2\"></span>as fi<span class=\"_ _2\"></span>xed<span class=\"_ _2\"></span> just<span class=\"_ _2\"></span> befo<span class=\"_ _2\"></span>re dr<span class=\"_ _2\"></span>awdown.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1ac fs39 fc2 sc0 ls2f ws70 gs56d\">On December 3,<span class=\"_ _2\"></span> 2020, the <span class=\"_ _2\"></span>Group entered<span class=\"_ _2\"></span> into a $65<span class=\"_ _2\"></span>.0 million f<span class=\"_ _2\"></span>ixed rate te<span class=\"_ _2\"></span>rm loan facili<span class=\"_ _2\"></span>ty using </div><div class=\"t m0 h98 ff1ac fs39 fc2 sc0 ls30 ws50 gs56e\">Stolt<span class=\"_ _2\"></span>haven<span class=\"_ _2\"></span> Dagen<span class=\"_ _2\"></span>ham<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>Stolt<span class=\"_ _2\"></span>haven<span class=\"_ _2\"></span> Moerd<span class=\"_ _2\"></span>ijk<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">t<span class=\"_ _2\"></span>ermi<span class=\"_ _2\"></span>nals<span class=\"ls1 ws0\"> </span><span class=\"ws50\">as c<span class=\"_ _2\"></span>ollate<span class=\"_ _2\"></span>ral.<span class=\"_ _2\"></span> The <span class=\"_ _2\"></span>facili<span class=\"_ _2\"></span>ty <span class=\"_ _2\"></span>agre<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span> is </span></span></span></div><div class=\"t m0 h98 ff1ac fs39 fc2 sc0 ls30 ws50 gs56f\">with K<span class=\"_ _2\"></span>FW I<span class=\"_ _2\"></span>PEX<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls4b wsa7\">BA<span class=\"_ _2\"></span>NK G<span class=\"ls72 wsce\">mb<span class=\"ls30 ws50\">H f<span class=\"_ _2\"></span>or <span class=\"_ _2\"></span>six yea<span class=\"_ _2\"></span>rs. T<span class=\"_ _2\"></span>here<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> eigh<span class=\"_ _2\"></span>t eq<span class=\"_ _2\"></span>ual p<span class=\"_ _2\"></span>ayment<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>6.25% of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> tot<span class=\"_ _2\"></span>al </span></span></span></span></div><div class=\"t m0 h98 ff1ac fs39 fc2 sc0 ls30 ws50 gs570\">comm<span class=\"_ _2\"></span>itment<span class=\"_ _2\"></span> begi<span class=\"_ _2\"></span>nning<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> 2023<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls2f ws70\">with a fin<span class=\"_ _2\"></span>al balloon <span class=\"_ _2\"></span>obligation of <span class=\"_ _2\"></span>$32.5 millio<span class=\"_ _2\"></span>n.<span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 h98 ff1ac fs39 fc2 sc0 ls30 ws4f gs571\">In July<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">2019, <span class=\"_ _2\"></span>Stolthaven New O<span class=\"_ _2\"></span>rleans LLC i<span class=\"_ _2\"></span>ssued $200.0<span class=\"_ _2\"></span> million <span class=\"_ _2\"></span></span>s</span><span class=\"ws52\">enior <span class=\"ls1 ws0\">s<span class=\"ls2f ws4e\">ecured <span class=\"_ _1\"></span><span class=\"ls1 ws0\">n<span class=\"ls30 ws50\">otes w<span class=\"_ _2\"></span>ith <span class=\"_ _2\"></span>a gro<span class=\"_ _2\"></span>up<span class=\"_ _2\"></span> </span></span></span></span></span></div><div class=\"t m0 h98 ff1ac fs39 fc2 sc0 ls2f ws70 gs572\">of private in<span class=\"_ _2\"></span>vestors. The p<span class=\"_ _2\"></span>rivate <span class=\"_ _2\"></span>placement has a<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws4e\">ten<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2f ws70\">year<span class=\"_ _2\"></span> term a<span class=\"_ _2\"></span>t a fixed i<span class=\"_ _2\"></span>nterest rate <span class=\"_ _2\"></span>of 5.15% a<span class=\"_ _2\"></span>nd </span></span></span></div><div class=\"t m0 h98 ff1ac fs39 fc2 sc0 ls30 ws50 gs573\">is sec<span class=\"_ _2\"></span>ured<span class=\"_ _2\"></span> by t<span class=\"_ _2\"></span>he t<span class=\"_ _2\"></span>ermi<span class=\"_ _2\"></span>nal i<span class=\"_ _2\"></span>n Br<span class=\"_ _2\"></span>aithwai<span class=\"_ _2\"></span>te<span class=\"_ _2\"></span>, <span class=\"ls4f ws7c\">US</span>. P<span class=\"_ _2\"></span>roceeds<span class=\"_ _2\"></span> wer<span class=\"_ _2\"></span>e used<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>r ge<span class=\"_ _2\"></span>neral<span class=\"_ _2\"></span> corp<span class=\"_ _2\"></span>orate<span class=\"_ _2\"></span> purp<span class=\"_ _2\"></span>oses.<span class=\"_ _195\"> </span><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h7e ff1ad fs39 fc9 sc0 ls49 ws78 gs574\">(i<span class=\"ls1 ws0\">v<span class=\"ls46 ws6f\">) <span class=\"_ _1\"></span><span class=\"ws92\">Se<span class=\"_ _2\"></span>ni<span class=\"_ _2\"></span>or un<span class=\"_ _2\"></span>secu<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>d bon<span class=\"_ _2\"></span>d iss<span class=\"_ _2\"></span>ue<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></div><div class=\"t m0 h98 ff1ac fs39 fc2 sc0 ls30 ws50 gs575\">On Oc<span class=\"_ _2\"></span>tobe<span class=\"_ _2\"></span>r 22, 2<span class=\"_ _2\"></span>025<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up c<span class=\"_ _2\"></span>omplet<span class=\"_ _2\"></span>ed a p<span class=\"_ _2\"></span>lacem<span class=\"_ _2\"></span>ent <span class=\"_ _2\"></span>of a<span class=\"_ _2\"></span> se<span class=\"_ _2\"></span>nior <span class=\"_ _2\"></span>unsecu<span class=\"_ _2\"></span>red<span class=\"_ _2\"></span> bond<span class=\"_ _2\"></span> issue<span class=\"_ _2\"></span> of </div><div class=\"t m0 h98 ff1ac fs39 fc2 sc0 ls4b ws77 gs576\">NOK<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">1.5 billion <span class=\"_ _2\"></span>(swapped into $<span class=\"_ _2\"></span>150.0 millio<span class=\"_ _2\"></span>n) in a <span class=\"_ _2\"></span>new five<span class=\"_ _2\"></span></span>-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">ye<span class=\"_ _2\"></span>ar b<span class=\"_ _2\"></span>ond <span class=\"_ _2\"></span>issue<span class=\"_ _2\"></span>, c<span class=\"_ _2\"></span>arrying<span class=\"_ _2\"></span> a c<span class=\"_ _2\"></span>oupo<span class=\"_ _2\"></span>n of<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 h98 ff1ac fs39 fc2 sc0 ls30 ws52 gs577\">three<span class=\"ls1 ws0\">-</span><span class=\"ws50\">mon<span class=\"_ _2\"></span>th NIB<span class=\"_ _2\"></span>OR pl<span class=\"_ _2\"></span>us 2.<span class=\"_ _2\"></span>25%. <span class=\"_ _2\"></span>The <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> sw<span class=\"_ _2\"></span>apped t<span class=\"_ _2\"></span>he b<span class=\"_ _2\"></span>ond p<span class=\"_ _2\"></span>rocee<span class=\"_ _2\"></span>ds int<span class=\"_ _2\"></span>o a <span class=\"_ _2\"></span>US d<span class=\"_ _2\"></span>ollar<span class=\"_ _2\"></span> obli<span class=\"_ _2\"></span>gati<span class=\"_ _2\"></span>on </span></div><div class=\"t m0 h98 ff1ac fs39 fc2 sc0 ls2f ws70 gs578\">at a fixed <span class=\"_ _2\"></span>interest r<span class=\"_ _2\"></span>ate of 5.93%. <span class=\"_ _2\"></span>The proceeds we<span class=\"_ _2\"></span>re used fo<span class=\"_ _2\"></span>r genera<span class=\"ls30 ws50\">l<span class=\"_ _2\"></span> corp<span class=\"_ _2\"></span>ora<span class=\"_ _2\"></span>te purp<span class=\"_ _2\"></span>oses<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 h98 ff1ac fs39 fc2 sc0 ls31 ws81 gs579\">On November <span class=\"_ _1\"></span>27, 2023, the Group <span class=\"ls30 ws4f\">issued an ad<span class=\"_ _2\"></span>diti<span class=\"_ _2\"></span>onal<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">NOK 325<span class=\"_ _2\"></span> million (sw<span class=\"_ _2\"></span>apped into $3<span class=\"_ _2\"></span></span>0.<span class=\"_ _1\"></span>5 </span></span></div><div class=\"t m0 h98 ff1ac fs39 fc2 sc0 ls2f ws4e gs57a\">million<span class=\"ls1 ws0\">) <span class=\"_ _1\"></span><span class=\"ls31 ws51\">on the 2023 Bond<span class=\"ls30 ws50\">.<span class=\"_ _2\"></span> The <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> sw<span class=\"_ _2\"></span>apped <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> bond p<span class=\"_ _2\"></span>roce<span class=\"_ _2\"></span>eds i<span class=\"_ _2\"></span>nto<span class=\"_ _2\"></span> a US<span class=\"_ _2\"></span> doll<span class=\"_ _2\"></span>ar ob<span class=\"_ _2\"></span>liga<span class=\"_ _2\"></span>tion <span class=\"_ _2\"></span>at <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></div><div class=\"t m0 h98 ff1ac fs39 fc2 sc0 ls2f ws70 gs57b\">a fixed i<span class=\"_ _2\"></span>nterest of 7.81<span class=\"_ _2\"></span>%. Net p<span class=\"_ _2\"></span>roceeds were f<span class=\"_ _2\"></span>or general c<span class=\"_ _2\"></span>orporate pu<span class=\"_ _2\"></span>rposes. The <span class=\"ls30 ws50\">b<span class=\"_ _2\"></span>ond p<span class=\"_ _2\"></span>roce<span class=\"_ _2\"></span>eds </span></div><div class=\"t m0 h98 ff1ac fs39 fc2 sc0 ls2f ws75 gs57c\">were received<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">in the<span class=\"_ _2\"></span> firs<span class=\"_ _2\"></span>t qua<span class=\"_ _2\"></span>rter<span class=\"_ _2\"></span> of 2<span class=\"_ _2\"></span>024</span>. </span></div><div class=\"t m0 h98 ff1ac fs39 fc2 sc0 ls30 ws50 gs57d\">On Sep<span class=\"_ _2\"></span>tembe<span class=\"_ _2\"></span>r 12<span class=\"_ _2\"></span>, 2023<span class=\"_ _2\"></span>, <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Group co<span class=\"_ _2\"></span>mple<span class=\"_ _2\"></span>ted <span class=\"_ _2\"></span>a plac<span class=\"_ _2\"></span>emen<span class=\"_ _2\"></span>t of<span class=\"_ _2\"></span> seni<span class=\"_ _2\"></span>or <span class=\"_ _2\"></span>unsecu<span class=\"_ _2\"></span>red b<span class=\"_ _2\"></span>onds<span class=\"_ _2\"></span> <span class=\"ls31 ws81\">(2023 Bond) </span></div><div class=\"t m0 h98 ff1ac fs39 fc2 sc0 ls2f ws70 gs57e\">for NOK 1.2 bil<span class=\"_ _2\"></span>lion (swapped<span class=\"_ _2\"></span> into<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">$112.4<span class=\"_ _2\"></span> million) in<span class=\"_ _2\"></span> a new fi<span class=\"_ _2\"></span>ve<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">y<span class=\"_ _2\"></span>ear b<span class=\"_ _2\"></span>ond<span class=\"_ _2\"></span> iss<span class=\"_ _2\"></span>ue, c<span class=\"_ _2\"></span>arryi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span></div><div class=\"t m0 h98 ff1ac fs39 fc2 sc0 ls30 ws4f gs57f\">a coupo<span class=\"_ _2\"></span>n of three<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls31 ws51\">month NIBOR plus 3.15%. The Group swapped the bond proceeds into a US </span></span></div><div class=\"t m0 h98 ff1ac fs39 fc2 sc0 ls2f ws70 gs580\">dollar obligatio<span class=\"_ _2\"></span>n at a fixed<span class=\"_ _2\"></span> interes<span class=\"_ _2\"></span>t of 7.82<span class=\"_ _2\"></span>%. Net proceed<span class=\"_ _2\"></span>s from the bond<span class=\"_ _2\"></span> issue we<span class=\"_ _2\"></span>re used to </div><div class=\"t m0 h98 ff1ac fs39 fc2 sc0 ls31 ws51 gs581\">repurchase $60.0<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">million of<span class=\"_ _2\"></span> the <span class=\"ls31 ws51\">$141.5 million<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">bonds<span class=\"_ _2\"></span></span>, <span class=\"_ _1\"></span><span class=\"ls30 ws52\">whic<span class=\"_ _2\"></span>h <span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>ature<span class=\"_ _2\"></span>d<span class=\"ls1 ws0\"> o<span class=\"_ _1\"></span>n <span class=\"_ _1\"></span><span class=\"ls31 ws51\">February 20, 2024, <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span></span></span></span></div><div class=\"t m0 h98 ff1ac fs39 fc2 sc0 ls30 ws50 gs582\">and fo<span class=\"_ _2\"></span>r ge<span class=\"_ _2\"></span>neral<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>rporate<span class=\"_ _2\"></span> pu<span class=\"_ _2\"></span>rpose<span class=\"_ _2\"></span>s.<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h7e ff1ad fs39 fc9 sc0 ls49 wsb5 gs583\">(v) De<span class=\"_ _2\"></span>bt is<span class=\"_ _2\"></span>su<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> costs<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1ac fs39 fc2 sc0 ls2f ws70 gs584\">Debt issuance c<span class=\"_ _2\"></span>osts of $<span class=\"ls31 ws53\">17.7<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">mil<span class=\"_ _2\"></span>lion have been<span class=\"_ _2\"></span> netted <span class=\"_ _2\"></span>against long<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls53 ws32\">te<span class=\"_ _2\"></span>rm deb<span class=\"_ _2\"></span>t <span class=\"ls6b wsde\">at both<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">November 3<span class=\"_ _2\"></span>0, </span></span></span></span></span></span></span></span></div><div class=\"t m0 h98 ff1ac fs39 fc2 sc0 ls31 ws53 gs585\">202<span class=\"ls1 ws0\">5 <span class=\"_ _1\"></span><span class=\"ls30 ws50\">and 20<span class=\"_ _2\"></span><span class=\"ls1 ws0\">24<span class=\"_ _1\"></span><span class=\"ls53 ws7d\">. Debt<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">is<span class=\"_ _1\"></span>s<span class=\"_ _2\"></span>uance c<span class=\"_ _2\"></span>osts recognised<span class=\"_ _2\"></span> in the income<span class=\"_ _2\"></span> statemen<span class=\"_ _2\"></span>t as part<span class=\"_ _2\"></span> of effective<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span></span></span></div><div class=\"t m0 h98 ff1ac fs39 fc2 sc0 ls30 ws52 gs586\">intere<span class=\"_ _2\"></span>st <span class=\"ws50\">rates<span class=\"_ _2\"></span> were<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span>$7.<span class=\"_ _1\"></span>7 <span class=\"_ _1\"></span><span class=\"ls2f ws75\">millio<span class=\"_ _2\"></span>n and<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span>$<span class=\"ls31 ws53\">5.</span>1 <span class=\"_ _1\"></span><span class=\"ls2f ws75\">million for<span class=\"ls1 ws0\"> </span><span class=\"ws70\">the years end<span class=\"_ _2\"></span>ed November<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">30, 20</span>25<span class=\"_ _1\"></span>  </span></span></span></span></span></span></span></div><div class=\"t m0 h98 ff1ac fs39 fc2 sc0 ls30 ws50 gs587\">and 2<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\">24<span class=\"_ _1\"></span><span class=\"ls2f ws75\">, respectively<span class=\"ls1 ws0\">.<span class=\"_ _195\"> </span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls2f ws75\"><span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 ha6 ff1b0 fs3c fcb sc0 ls4d ws7a gs589\">Analys<span class=\"_ _2\"></span>is of <span class=\"_ _2\"></span><span class=\"ls58 ws8c\">net<span class=\"ls1 ws0\"> <span class=\"ls89 wsdf\">debt</span> </span></span></div><div class=\"t m0 h98 ff1b1 fs39 fc2 sc0 ls31 ws51 gs58a\">Net debt at November 30, 2025 comprises lease liabilities of $402.2 million (2024: $344.0 million), short<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws52\">te<span class=\"_ _2\"></span>rm <span class=\"ws50\">bank l<span class=\"_ _2\"></span>oans<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">of $65.0 <span class=\"_ _2\"></span>million (2024: nil) and long<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">te<span class=\"_ _2\"></span>rm <span class=\"_ _2\"></span>debt,<span class=\"_ _2\"></span> incl<span class=\"_ _2\"></span>uding c<span class=\"_ _2\"></span>ur<span class=\"_ _2\"></span>rent m<span class=\"_ _2\"></span>aturi<span class=\"_ _2\"></span>ties<span class=\"_ _2\"></span>, </span></span></span></span></span></span></span></div><div class=\"t m0 h98 ff1b1 fs39 fc2 sc0 ls4a ws76 gs58b\">of<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">$2,134.<span class=\"_ _1\"></span>4 million (2024: $1<span class=\"_ _2\"></span>,842.8 million) less cash and cash equivalents of $144.6 million (2024:<span class=\"ls1 ws0\"> </span>$334.7 million).<span class=\"ls1 ws0\">  </span></span></span></div><div class=\"gs58c\"><table class=\"s w1b2 h15c\" id=\"_ec34f585-9afd-4cbe-8649-2e5889743c7a\"><tr><td></td><td class=\"t m0 x342 h82 y2e9c ff1b1 fs3b fc2 sc0 ls2d ws4a\">At <span class=\"ls1 ws0\">Dec<span class=\"_ _195\"> </span></span></td><td class=\"c x39b y2e9d w1ac h103\"><div class=\"t m0 x245 h82 y29a6 ff1b1 fs3b fc2 sc0 ls1 ws0\">ember<span class=\"_ _195\"> </span></div></td><td></td><td class=\"c x39c y2e9d w1ad h103\"><div class=\"t m0 x245 h82 y29a6 ff1b1 fs3b fc2 sc0 ls39 ws5f\">Exchan<span class=\"_ _2\"></span>ge<span class=\"_ _195\"> </span></div></td><td></td><td class=\"c x3a1 y2e9e w1b3 h134\"><div class=\"t m0 x245 h85 y2c8b ff1b0 fs3b fc2 sc0 ls65 ws30\">At Novembe<span class=\"_ _2\"></span>r<span class=\"_ _195\"> </span></div></td></tr><tr><td class=\"c x24b y2e9f wd7 he8\"><div class=\"t m0 x0 h82 y1fa0 ff1b1 fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td></td><td class=\"c x39e y2ea0 w1b4 h103\"><div class=\"t m0 x245 h82 y29a6 ff1b1 fs3b fc2 sc0 ls1 ws0\">1<span class=\"ls8a ws9a\">, <span class=\"ls69 wsbc\">2024<span class=\"_ _195\"> </span></span></span></div></td><td class=\"c x29f y2e9f w34 he8\"><div class=\"t m0 x187 h82 y1f57 ff1b1 fs3b fc2 sc0 ls39 ws31\">Cash f<span class=\"_ _2\"></span>low<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x39f y2ea0 w1b0 h103\"><div class=\"t m0 x245 h82 y29a6 ff1b1 fs3b fc2 sc0 ls1 ws0\">differences<span class=\"_ _195\"> </span></div></td><td class=\"c x2a1 y2e9f w20 he8\"><div class=\"t m0 x1a6 h82 y1f57 ff1b1 fs3b fc2 sc0 ls1 ws32\">Other movements<span class=\"ws0\"> </span></div></td><td class=\"c x3a2 y2ea1 w1b5 h134\"><div class=\"t m0 x245 h85 y2c8b ff1b0 fs3b fc2 sc0 ls69 wsbc\">30, <span class=\"ls1b ws2f\">2025<span class=\"_ _195\"> </span></span></div></td></tr><tr><td class=\"c x24b y2ea2 wd7 h8a\"><div class=\"t m0 x0 h88 y1bec ff1b1 fs3a fc2 sc0 ls2e ws5c\">Cash <span class=\"ls24 ws3a\">on hand</span><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></div></td><td></td><td class=\"c x29e y2ea2 w54 h8a\"><div class=\"t m0 x183 h88 y1bec ff1b1 fs3a fc2 sc0 ls20 ws36\">92,073<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2ea2 w34 h8a\"><div class=\"t m0 x183 h88 y1bec ff1b1 fs3a fc2 sc0 ls20 ws36\">32,956<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2ea2 w24 h8a\"><div class=\"t m0 x186 h88 y1bec ff1b1 fs3a fc2 sc0 ls20 ws36\">(3,355)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2ea2 w20 h8a\"><div class=\"t m0 x2d h88 y1bec ff1b2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1b1\"> </span></div></td><td class=\"c x2fa y2ea2 w55 h8a\"><div class=\"t m0 x180 h87 y1bec ff1b0 fs3a fc2 sc0 ls21 ws35\">121,<span class=\"_ _2\"></span>674<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ea3 wd7 h86\"><div class=\"t m0 x0 h88 y1bea ff1b1 fs3a fc2 sc0 ls22 ws3e\">Short<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls26 ws3d\">term time deposi<span class=\"_ _1\"></span>ts</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td></td><td class=\"c x29e y2ea3 w54 h86\"><div class=\"t m0 x181 h88 y1bea ff1b1 fs3a fc2 sc0 ls20 ws36\">242,665<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2ea3 w2c h86\"><div class=\"t m0 x17f h88 y1bea ff1b1 fs3a fc2 sc0 ls20 ws36\">(219,782)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2ea3 w20 h86\"><div class=\"t m0 x2d h88 y1bea ff1b2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1b1\"> </span></div></td><td class=\"c x2a1 y2ea3 w20 h86\"><div class=\"t m0 x2d h88 y1bea ff1b2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1b1\"> </span></div></td><td class=\"c x2fa y2ea3 w55 h86\"><div class=\"t m0 x179 h87 y1bea ff1b0 fs3a fc2 sc0 ls23 ws39\">22,883<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ea4 wd7 h86\"><div class=\"t m0 x0 h88 y1be8 ff1b1 fs3a fc2 sc0 ls24 ws3a\">Cash and cash equivalents<span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x29e y2ea4 w54 h86\"><div class=\"t m0 x181 h88 y1be8 ff1b1 fs3a fc2 sc0 ls20 ws36\">334,738<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2ea4 w2c h86\"><div class=\"t m0 x17f h88 y1be8 ff1b1 fs3a fc2 sc0 ls20 ws36\">(186,826)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2ea4 w24 h86\"><div class=\"t m0 x186 h88 y1be8 ff1b1 fs3a fc2 sc0 ls20 ws36\">(3,355)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2ea4 w20 h86\"><div class=\"t m0 x2d h88 y1be8 ff1b2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1b1\"> </span></div></td><td class=\"c x2fa y2ea4 w55 h86\"><div class=\"t m0 x180 h87 y1be8 ff1b0 fs3a fc2 sc0 ls21 ws35\">144,<span class=\"_ _2\"></span>557<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ea5 wd7 h8b\"><div class=\"t m0 x0 h88 y1e5d ff1b1 fs3a fc2 sc0 ls22 ws3e\">Borrowings<span class=\"ls1 ws0\">:</span><span class=\"ls1 ws0\"><span class=\"_ _3\"></span> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2ea6 wd7 h8a\"><div class=\"t m0 x0 h88 y1c3f ff1b1 fs3a fc2 sc0 ls22 ws3e\">Short<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls24 ws3a\">term bank loans</span></span><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td></td><td class=\"c x29e y2ea6 w54 h8a\"><div class=\"t m0 x2d h88 y1c3f ff1b2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1b1\"> </span></div></td><td class=\"c x29f y2ea6 w2c h8a\"><div class=\"t m0 x187 h88 y1c3f ff1b1 fs3a fc2 sc0 ls20 ws36\">(65,000)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2ea6 w20 h8a\"><div class=\"t m0 x2d h88 y1c3f ff1b2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1b1\"> </span></div></td><td class=\"c x2a1 y2ea6 w20 h8a\"><div class=\"t m0 x2d h88 y1c3f ff1b2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1b1\"> </span></div></td><td class=\"c x2fa y2ea6 w56 h8a\"><div class=\"t m0 x181 h87 y1c3f ff1b0 fs3a fc2 sc0 ls21 ws35\">(65,0<span class=\"_ _2\"></span>00)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ea7 wd7 h86\"><div class=\"t m0 x0 h88 y1bf4 ff1b1 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls24 ws3a\">term debt, including current<span class=\"_ _2\"></span> maturities</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x29e y2ea7 w2b h86\"><div class=\"t m0 x17d h88 y1bf4 ff1b1 fs3a fc2 sc0 ls20 ws36\">(1,842,77<span class=\"_ _2\"></span>2)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2ea7 w34 h86\"><div class=\"t m0 x183 h88 y1bf4 ff1b1 fs3a fc2 sc0 ls20 ws36\">77,563<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2ea7 w24 h86\"><div class=\"t m0 x187 h88 y1bf4 ff1b1 fs3a fc2 sc0 ls20 ws36\">(17,029)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2ea7 w25 h86\"><div class=\"t m0 x17f h88 y1bf4 ff1b1 fs3a fc2 sc0 ls20 ws36\">(352,184)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ea7 w56 h86\"><div class=\"t m0 x17c h87 y1bf4 ff1b0 fs3a fc2 sc0 ls21 ws35\">(2,13<span class=\"_ _2\"></span>4,42<span class=\"_ _2\"></span>2)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ea8 wd7 h86\"><div class=\"t m0 x0 h88 y1bef ff1b1 fs3a fc2 sc0 ls29 ws42\">Lease liabilit<span class=\"_ _2\"></span>ies<span class=\"ls24 ws3a\">, including<span class=\"_ _2\"></span> current maturities</span><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\">  </span></span></div></td><td></td><td class=\"c x29e y2ea8 w2b h86\"><div class=\"t m0 x17f h88 y1bef ff1b1 fs3a fc2 sc0 ls20 ws36\">(344,011)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2ea8 w34 h86\"><div class=\"t m0 x183 h88 y1bef ff1b1 fs3a fc2 sc0 ls20 ws36\">70,496<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2ea8 w24 h86\"><div class=\"t m0 x186 h88 y1bef ff1b1 fs3a fc2 sc0 ls20 ws36\">(4,075)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2ea8 w25 h86\"><div class=\"t m0 x17f h88 y1bef ff1b1 fs3a fc2 sc0 ls20 ws36\">(124,598)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ea8 w56 h86\"><div class=\"t m0 x197 h87 y1bef ff1b0 fs3a fc2 sc0 ls21 ws35\">(402,<span class=\"_ _2\"></span>188)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ea9 wd7 h8c\"><div class=\"t m0 x0 h87 y1c4d ff1b0 fs3a fc2 sc0 ls1f ws33\">Net debt<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x29e y2ea9 w2b h8c\"><div class=\"t m0 x17c h87 y1c4d ff1b0 fs3a fc2 sc0 ls21 ws35\">(1,85<span class=\"_ _2\"></span>2,04<span class=\"_ _2\"></span>5)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2ea9 w2c h8c\"><div class=\"t m0 x197 h87 y1c4d ff1b0 fs3a fc2 sc0 ls21 ws35\">(103,<span class=\"_ _2\"></span>767)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2ea9 w24 h8c\"><div class=\"t m0 x181 h87 y1c4d ff1b0 fs3a fc2 sc0 ls21 ws35\">(24,4<span class=\"_ _2\"></span>59)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2ea9 w25 h8c\"><div class=\"t m0 x197 h87 y1c4d ff1b0 fs3a fc2 sc0 ls21 ws35\">(476,<span class=\"_ _2\"></span>782)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2ea9 w56 h8c\"><div class=\"t m0 x17c h87 y1c4d ff1b0 fs3a fc2 sc0 ls21 ws35\">(2,45<span class=\"_ _2\"></span>7,05<span class=\"_ _2\"></span>3)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"gs58d\"><table class=\"s w1ab h15b\" id=\"_ab0d7754-fd07-4d79-964d-8d82323b4c80\"><tr><td></td><td class=\"t m0 x342 h82 y2e90 ff1b1 fs3b fc2 sc0 ls2d ws4a\">At <span class=\"ls1 ws0\">Dec<span class=\"_ _195\"> </span></span></td><td class=\"c x39b y2e91 w1ac h115\"><div class=\"t m0 x245 h82 y29a6 ff1b1 fs3b fc2 sc0 ls1 ws0\">ember<span class=\"_ _195\"> </span></div></td><td></td><td class=\"c x39c y2e91 w1ad h115\"><div class=\"t m0 x245 h82 y29a6 ff1b1 fs3b fc2 sc0 ls39 ws5f\">Exchan<span class=\"_ _2\"></span>ge<span class=\"_ _195\"> </span></div></td><td></td><td class=\"c x39d y2e91 w1ae h115\"><div class=\"t m0 x245 h82 y29a6 ff1b1 fs3b fc2 sc0 ls1 ws9b\">At November<span class=\"_ _195\"> </span></div></td></tr><tr><td class=\"c x246 y2e92 w150 h115\"><div class=\"t m0 x245 h82 y29a6 ff1b1 fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2b9 h82 y29a6 ff1b1 fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td></td><td class=\"c x39e y2e93 w1af h115\"><div class=\"t m0 x245 h82 y29a6 ff1b1 fs3b fc2 sc0 ls1 ws0\">1<span class=\"ls69 wsa2\">, 20<span class=\"ls78 wsbd\">23<span class=\"_ _195\"> </span></span></span></div></td><td class=\"c x29f y2e94 w34 hb6\"><div class=\"t m0 x187 h82 y1fa2 ff1b1 fs3b fc2 sc0 ls39 ws31\">Cash f<span class=\"_ _2\"></span>low<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x39f y2e93 w1b0 h115\"><div class=\"t m0 x245 h82 y29a6 ff1b1 fs3b fc2 sc0 ls1 ws0\">differences<span class=\"_ _195\"> </span></div></td><td class=\"c x2a1 y2e94 w20 hb6\"><div class=\"t m0 x1a6 h82 y1fa2 ff1b1 fs3b fc2 sc0 ls1 ws32\">Other movements<span class=\"ws0\"> </span></div></td><td class=\"c x3a0 y2e93 w1b1 h115\"><div class=\"t m0 x245 h82 y29a6 ff1b1 fs3b fc2 sc0 ls69 wsa2\">30, 20<span class=\"ls1b ws2f\">24<span class=\"_ _195\"> </span></span></div></td></tr><tr><td class=\"c x24b y2e95 wd7 h86\"><div class=\"t m0 x0 h88 y1be4 ff1b1 fs3a fc2 sc0 ls25 ws3c\">Cash deposits<span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x29e y2e95 w54 h86\"><div class=\"t m0 x181 h88 y1be4 ff1b1 fs3a fc2 sc0 ls20 ws36\">176,780<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e95 w2c h86\"><div class=\"t m0 x187 h88 y1be4 ff1b1 fs3a fc2 sc0 ls20 ws36\">(81,770)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e95 w24 h86\"><div class=\"t m0 x186 h88 y1be4 ff1b1 fs3a fc2 sc0 ls20 ws36\">(2,937)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e95 w20 h86\"><div class=\"t m0 x2d h88 y1be4 ff1b2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1b1\"> </span></div></td><td class=\"c x2fa y2e95 w55 h86\"><div class=\"t m0 x183 h88 y1be4 ff1b1 fs3a fc2 sc0 ls20 ws36\">92,073<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e96 wd7 h86\"><div class=\"t m0 x0 h88 y1c0a ff1b1 fs3a fc2 sc0 ls22 ws3e\">Short<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls26 ws3d\">term time deposi<span class=\"_ _1\"></span>ts</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td></td><td class=\"c x29e y2e96 w54 h86\"><div class=\"t m0 x181 h88 y1c0a ff1b1 fs3a fc2 sc0 ls20 ws36\">269,735<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e96 w2c h86\"><div class=\"t m0 x187 h88 y1c0a ff1b1 fs3a fc2 sc0 ls20 ws36\">(27,070)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e96 w20 h86\"><div class=\"t m0 x2d h88 y1c0a ff1b2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1b1\"> </span></div></td><td class=\"c x2a1 y2e96 w20 h86\"><div class=\"t m0 x2d h88 y1c0a ff1b2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1b1\"> </span></div></td><td class=\"c x2fa y2e96 w55 h86\"><div class=\"t m0 x181 h88 y1c0a ff1b1 fs3a fc2 sc0 ls20 ws36\">242,665<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e97 wd7 h8a\"><div class=\"t m0 x0 h88 y1bec ff1b1 fs3a fc2 sc0 ls24 ws3a\">Cash and cash equivalents<span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x29e y2e97 w54 h8a\"><div class=\"t m0 x181 h88 y1bec ff1b1 fs3a fc2 sc0 ls20 ws36\">446,515<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e97 w2c h8a\"><div class=\"t m0 x17f h88 y1bec ff1b1 fs3a fc2 sc0 ls20 ws36\">(108,840)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e97 w24 h8a\"><div class=\"t m0 x186 h88 y1bec ff1b1 fs3a fc2 sc0 ls20 ws36\">(2,937)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e97 w20 h8a\"><div class=\"t m0 x2d h88 y1bec ff1b2 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1b1\"> </span></div></td><td class=\"c x2fa y2e97 w55 h8a\"><div class=\"t m0 x181 h88 y1bec ff1b1 fs3a fc2 sc0 ls20 ws36\">334,738<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e98 wd7 h86\"><div class=\"t m0 x0 h88 y1bea ff1b1 fs3a fc2 sc0 ls22 ws3e\">Borrowings<span class=\"_ _1\"></span>:<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x24b y2e99 wd7 h8b\"><div class=\"t m0 x0 h88 y1be8 ff1b1 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls24 ws3a\">term debt, including current<span class=\"_ _2\"></span> maturities</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x29e y2e99 w2b h8b\"><div class=\"t m0 x17d h88 y1be8 ff1b1 fs3a fc2 sc0 ls20 ws36\">(1,836,60<span class=\"_ _2\"></span>1)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e99 w34 h8b\"><div class=\"t m0 x184 h88 y1be8 ff1b1 fs3a fc2 sc0 ls20 ws36\">1,317<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e99 w24 h8b\"><div class=\"t m0 x186 h88 y1be8 ff1b1 fs3a fc2 sc0 ls20 ws36\">(8,104)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e99 w20 h8b\"><div class=\"t m0 x171 h88 y1be8 ff1b1 fs3a fc2 sc0 ls20 ws36\">616<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e99 w56 h8b\"><div class=\"t m0 x17d h88 y1be8 ff1b1 fs3a fc2 sc0 ls20 ws36\">(1,842,77<span class=\"_ _2\"></span>2)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e9a wd7 h8a\"><div class=\"t m0 x0 h88 y1c65 ff1b1 fs3a fc2 sc0 ls29 ws42\">Lease liabilit<span class=\"_ _2\"></span>ies, inc<span class=\"_ _2\"></span>luding c<span class=\"_ _2\"></span>urrent<span class=\"_ _2\"></span> maturities<span class=\"ls1 ws0\">  </span></div></td><td></td><td class=\"c x29e y2e9a w2b h8a\"><div class=\"t m0 x17f h88 y1c65 ff1b1 fs3a fc2 sc0 ls20 ws36\">(238,207)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e9a w34 h8a\"><div class=\"t m0 x183 h88 y1c65 ff1b1 fs3a fc2 sc0 ls20 ws36\">64,130<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e9a w20 h8a\"><div class=\"t m0 x184 h88 y1c65 ff1b1 fs3a fc2 sc0 ls20 ws36\">2,567<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e9a w25 h8a\"><div class=\"t m0 x17f h88 y1c65 ff1b1 fs3a fc2 sc0 ls20 ws36\">(172,501)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e9a w56 h8a\"><div class=\"t m0 x17f h88 y1c65 ff1b1 fs3a fc2 sc0 ls20 ws36\">(344,011)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2e9b wd7 h8a\"><div class=\"t m0 x0 h87 y1c3f ff1b0 fs3a fc2 sc0 ls1f ws33\">Net debt<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x29e y2e9b w2b h8a\"><div class=\"t m0 x17c h87 y1c3f ff1b0 fs3a fc2 sc0 ls21 ws35\">(1,62<span class=\"_ _2\"></span>8,29<span class=\"_ _2\"></span>3)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x29f y2e9b w2c h8a\"><div class=\"t m0 x181 h87 y1c3f ff1b0 fs3a fc2 sc0 ls21 ws35\">(43,3<span class=\"_ _2\"></span>93)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fb y2e9b w24 h8a\"><div class=\"t m0 x183 h87 y1c3f ff1b0 fs3a fc2 sc0 ls21 ws35\">(8,47<span class=\"_ _2\"></span>4)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a1 y2e9b w25 h8a\"><div class=\"t m0 x197 h87 y1c3f ff1b0 fs3a fc2 sc0 ls21 ws35\">(171,<span class=\"_ _2\"></span>885)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2fa y2e9b w56 h8a\"><div class=\"t m0 x17c h87 y1c3f ff1b0 fs3a fc2 sc0 ls21 ws35\">(1,85<span class=\"_ _2\"></span>2,04<span class=\"_ _2\"></span>5)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 h98 ff1b1 fs39 fc2 sc0 ls47 ws71 gs58e\">Short<span class=\"_ _1\"></span><span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">term time depo<span class=\"_ _2\"></span>sits included wit<span class=\"_ _2\"></span>hin cash a<span class=\"_ _2\"></span>nd cash equiv<span class=\"_ _2\"></span>alents relate <span class=\"_ _2\"></span>to term depo<span class=\"_ _2\"></span>sits repay<span class=\"_ _2\"></span>able within th<span class=\"_ _2\"></span>ree months. <span class=\"_ _2\"></span></span> </span></div><div class=\"t m0 h98 ff1b1 fs39 fc2 sc0 ls30 ws4f gs58f\">In the <span class=\"ws50\">ye<span class=\"_ _2\"></span>ar ende<span class=\"_ _2\"></span>d <span class=\"_ _2\"></span>Novembe<span class=\"_ _2\"></span>r 30<span class=\"_ _2\"></span>, 2<span class=\"_ _2\"></span>025, o<span class=\"_ _2\"></span>ther <span class=\"_ _2\"></span>non<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">ca<span class=\"_ _1\"></span>s<span class=\"_ _2\"></span>h movements i<span class=\"_ _2\"></span>n net debt<span class=\"_ _2\"></span> primarily <span class=\"_ _2\"></span>represent $<span class=\"_ _2\"></span>351.7 million o<span class=\"_ _2\"></span>f debt acqu<span class=\"_ _2\"></span>ired with b<span class=\"_ _2\"></span>usiness comb<span class=\"_ _2\"></span>inations, $<span class=\"ls1 ws0\">14.<span class=\"_ _1\"></span>9 <span class=\"_ _1\"></span><span class=\"ls2f ws70\">millio<span class=\"_ _2\"></span>n of lea<span class=\"_ _2\"></span>se liabilities <span class=\"_ _2\"></span>acquired with </span></span></span></span></span></div><div class=\"t m0 h98 ff1b1 fs39 fc2 sc0 ls31 ws51 gs590\">business combinat<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ons, $108.<span class=\"ls1 ws0\">0 <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">million<span class=\"ls1 ws0\"> </span><span class=\"ws70\">of new or m<span class=\"_ _2\"></span>odified leases<span class=\"_ _2\"></span>, net of <span class=\"_ _2\"></span>reductions, <span class=\"_ _2\"></span>and <span class=\"ls1 ws0\">$<span class=\"ls48 ws72\">7.7</span> <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">mil<span class=\"_ _2\"></span>lion<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">amorti<span class=\"_ _2\"></span>sati<span class=\"_ _2\"></span>on o<span class=\"_ _2\"></span>f deb<span class=\"_ _2\"></span>t issu<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> costs<span class=\"_ _2\"></span></span> </span><span class=\"ws70\">offset by the c<span class=\"_ _2\"></span>apitalisation o<span class=\"_ _2\"></span>f debt issu<span class=\"_ _2\"></span>ance costs <span class=\"_ _2\"></span><span class=\"ls60 ws4f\">of<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span>$<span class=\"ls48 ws72\">7.3</span> <span class=\"ls2f ws4e\">million</span>. </span></span></span></span></span></span></span></span></div><div class=\"t m0 h98 ff1b1 fs39 fc2 sc0 ls30 ws50 gs591\">In the<span class=\"_ _2\"></span> ye<span class=\"_ _2\"></span>ar ended<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>Novembe<span class=\"_ _2\"></span>r 30<span class=\"_ _2\"></span>, 20<span class=\"_ _2\"></span>24, o<span class=\"_ _2\"></span>ther <span class=\"_ _2\"></span>non<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2f ws70\">cash m<span class=\"_ _2\"></span>ovements i<span class=\"_ _2\"></span>n net debt<span class=\"_ _2\"></span> primarily <span class=\"_ _2\"></span>represent $17<span class=\"_ _2\"></span>1.7 million of <span class=\"_ _2\"></span>new or m<span class=\"_ _2\"></span>odified leases, <span class=\"_ _2\"></span>net of <span class=\"_ _2\"></span>reductions, and<span class=\"_ _2\"></span> $5.2 millio<span class=\"_ _2\"></span>n <span class=\"ls30 ws50\">am<span class=\"_ _2\"></span>orti<span class=\"_ _2\"></span>satio<span class=\"_ _2\"></span>n of<span class=\"_ _2\"></span> deb<span class=\"_ _2\"></span>t issu<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> </span></span></span></div><div class=\"t m0 h98 ff1b1 fs39 fc2 sc0 ls2f ws70 gs592\">costs offset by <span class=\"_ _2\"></span>the c<span class=\"_ _2\"></span>apitalisation of<span class=\"_ _2\"></span> debt issuance<span class=\"_ _2\"></span> co<span class=\"ls60 wsad\">sts of<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls31 ws53\">$5.7<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">million.<span class=\"_ _195\"> </span></span></span></span></span></span><span class=\"ls60 wsad\"><span class=\"ls1 ws0\"><span class=\"ls31 ws53\"><span class=\"ls1 ws0\"> </span></span></span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-614": {
   "value": "(i<span class=\"ls1 ws0\">) <span class=\"_ _1\"></span><span class=\"ls46 ws6f\">Pre<span class=\"_ _2\"></span>fe<span class=\"_ _2\"></span>rre<span class=\"_ _2\"></span>d <span class=\"ls4b ws77\">ship <span class=\"ls30 ws52\">fixed<span class=\"ls1 ws0\"> <span class=\"ls59 ws2f\">rate mortg<span class=\"_ _1\"></span>ages<span class=\"ls1 ws0\"> </span></span></span></span></span></span></span>In the<span class=\"_ _2\"></span> fou<span class=\"_ _2\"></span>rth q<span class=\"_ _2\"></span>uarte<span class=\"_ _2\"></span>r of<span class=\"_ _2\"></span> 202<span class=\"_ _2\"></span>5, the<span class=\"_ _2\"></span> Gr<span class=\"_ _2\"></span>oup a<span class=\"_ _2\"></span>rrange<span class=\"_ _2\"></span>d fo<span class=\"_ _2\"></span>r ref<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>ncing<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> the<span class=\"ls1 ws0\"> <span class=\"ls46 ws6f\">HS4<span class=\"_ _2\"></span></span> </span>loan fac<span class=\"_ _2\"></span>ili<span class=\"_ _2\"></span>ty (H<span class=\"_ _2\"></span>S4 Lo<span class=\"_ _2\"></span>an Facility) for w<span class=\"_ _2\"></span>hich eight s<span class=\"_ _2\"></span>hips had b<span class=\"_ _2\"></span>een used as<span class=\"_ _2\"></span> collateral. <span class=\"_ _2\"></span>A new b<span class=\"_ _2\"></span>orrowing agreement wi<span class=\"_ _2\"></span>th the<span class=\"_ _2\"></span> Korea Developme<span class=\"_ _2\"></span>nt Bank, Over<span class=\"_ _2\"></span>sea<span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">Chinese<span class=\"_ _2\"></span> Bank<span class=\"_ _2\"></span>ing C<span class=\"_ _2\"></span>orpo<span class=\"_ _2\"></span>ratio<span class=\"_ _2\"></span>n <span class=\"_ _2\"></span>Limi<span class=\"_ _2\"></span>ted, S<span class=\"_ _2\"></span>umito<span class=\"_ _2\"></span>mo Mi<span class=\"_ _2\"></span>tsui<span class=\"_ _2\"></span> Trus<span class=\"_ _2\"></span>t </span></span>Bank,<span class=\"_ _2\"></span> Limi<span class=\"_ _2\"></span>ted a<span class=\"_ _2\"></span>nd a g<span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span>up of p<span class=\"_ _2\"></span>riv<span class=\"_ _2\"></span>ate in<span class=\"_ _2\"></span>ves<span class=\"_ _2\"></span>tors <span class=\"_ _2\"></span>has be<span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>set up<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> eig<span class=\"_ _2\"></span>ht tra<span class=\"_ _2\"></span>nche<span class=\"_ _2\"></span>s. The<span class=\"_ _2\"></span> new<span class=\"_ _2\"></span> agreeme<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span> is a<span class=\"_ _2\"></span>t fixed<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>nteres<span class=\"_ _2\"></span>t ra<span class=\"_ _2\"></span>tes,<span class=\"_ _2\"></span> rangi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>from 4<span class=\"_ _2\"></span>.29<span class=\"_ _2\"></span>% to 4<span class=\"_ _2\"></span>.49%.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span>re a<span class=\"_ _2\"></span>re qua<span class=\"_ _2\"></span>rterl<span class=\"_ _2\"></span>y pay<span class=\"_ _2\"></span>me<span class=\"_ _2\"></span>nts fo<span class=\"_ _2\"></span>r each <span class=\"ws50\">tranc<span class=\"_ _2\"></span>he wi<span class=\"_ _2\"></span>th an<span class=\"_ _2\"></span> ave<span class=\"_ _2\"></span>rage<span class=\"_ _2\"></span> maturi<span class=\"_ _2\"></span>ty <span class=\"_ _2\"></span>of nin<span class=\"_ _2\"></span>e ye<span class=\"_ _2\"></span>ars. <span class=\"_ _2\"></span>At th<span class=\"_ _2\"></span>e e<span class=\"_ _2\"></span>nd o<span class=\"_ _2\"></span>f the<span class=\"_ _2\"></span> agre<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span>, t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup h<span class=\"_ _2\"></span>as a<span class=\"_ _2\"></span>n </span>optio<span class=\"_ _2\"></span>n to<span class=\"_ _2\"></span> purch<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span> the s<span class=\"_ _2\"></span>hips<span class=\"_ _2\"></span> by p<span class=\"_ _2\"></span>aying<span class=\"_ _2\"></span> fixed<span class=\"_ _2\"></span> amo<span class=\"_ _2\"></span>unts.<span class=\"_ _2\"></span> As<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>opti<span class=\"_ _2\"></span>on to<span class=\"_ _2\"></span> repu<span class=\"_ _2\"></span>rchase<span class=\"_ _2\"></span> was<span class=\"_ _2\"></span> virt<span class=\"_ _2\"></span>uall<span class=\"_ _2\"></span>y certai<span class=\"_ _2\"></span>n to<span class=\"_ _2\"></span> be e<span class=\"_ _2\"></span>xerci<span class=\"_ _2\"></span>sed by<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup <span class=\"_ _2\"></span>at t<span class=\"_ _2\"></span>he date<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> borro<span class=\"_ _2\"></span>wing<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws4f\">t<span class=\"_ _2\"></span>he tran<span class=\"_ _2\"></span>sactio<span class=\"_ _2\"></span>n has bee<span class=\"_ _2\"></span>n tre<span class=\"_ _2\"></span>ated </span></span>as col<span class=\"_ _2\"></span>late<span class=\"_ _2\"></span>ralis<span class=\"_ _2\"></span>ed deb<span class=\"_ _2\"></span>t. B<span class=\"_ _2\"></span>y No<span class=\"_ _2\"></span>vem<span class=\"_ _2\"></span>ber 30<span class=\"_ _2\"></span>, 202<span class=\"_ _2\"></span>5, t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup c<span class=\"_ _2\"></span>losed<span class=\"_ _2\"></span> o<span class=\"_ _2\"></span>n thre<span class=\"_ _2\"></span>e tr<span class=\"_ _2\"></span>anches<span class=\"_ _2\"></span>, r<span class=\"_ _2\"></span>aising<span class=\"_ _2\"></span> $140<span class=\"_ _2\"></span>.5 million<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws50\">whic<span class=\"_ _2\"></span>h wa<span class=\"_ _2\"></span>s used<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>o prep<span class=\"_ _2\"></span>ay one<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span>half <span class=\"_ _2\"></span>of the<span class=\"_ _2\"></span> HS4 L<span class=\"_ _2\"></span>oa<span class=\"_ _2\"></span>n Faci<span class=\"_ _2\"></span>lit<span class=\"_ _2\"></span>y and f<span class=\"_ _2\"></span>or g<span class=\"_ _2\"></span>ener<span class=\"_ _2\"></span>al c<span class=\"_ _2\"></span>orpora<span class=\"_ _2\"></span>te </span></span>purpo<span class=\"_ _2\"></span>ses. Sub<span class=\"_ _2\"></span>seque<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span> to Novem<span class=\"_ _2\"></span>be<span class=\"ws50\">r 30<span class=\"_ _2\"></span>, 202<span class=\"_ _2\"></span>5, t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup c<span class=\"_ _2\"></span>losed<span class=\"_ _2\"></span> on<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> remai<span class=\"_ _2\"></span>ning <span class=\"_ _2\"></span>five<span class=\"_ _2\"></span> tra<span class=\"_ _2\"></span>nches<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> </span>fully repaid the HS4 Loan Facility. See Note <span class=\"ls31 ws53\">34<span class=\"ls1 ws0\">. </span></span>On May<span class=\"_ _2\"></span> 22,<span class=\"_ _2\"></span> 202<span class=\"_ _2\"></span>5, the<span class=\"_ _2\"></span> Gr<span class=\"_ _2\"></span>oup ref<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>anced<span class=\"_ _2\"></span> its de<span class=\"_ _2\"></span>bt f<span class=\"_ _2\"></span>acili<span class=\"_ _2\"></span>ty wi<span class=\"_ _2\"></span>th D<span class=\"_ _2\"></span>anis<span class=\"_ _2\"></span>h Ship<span class=\"_ _2\"></span> Fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>ng A<span class=\"_ _2\"></span>/S. T<span class=\"_ _2\"></span>he refin<span class=\"_ _2\"></span>ancing<span class=\"_ _2\"></span> rais<span class=\"_ _2\"></span>ed a<span class=\"_ _2\"></span> fur<span class=\"_ _2\"></span>ther $<span class=\"_ _2\"></span>90.<span class=\"_ _2\"></span>0 mill<span class=\"_ _2\"></span>ion i<span class=\"_ _2\"></span>n de<span class=\"_ _2\"></span>bt th<span class=\"_ _2\"></span>rough<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> addi<span class=\"_ _2\"></span>tion o<span class=\"_ _2\"></span>f <span class=\"_ _2\"></span>two shi<span class=\"_ _2\"></span>ps <span class=\"_ _2\"></span>as co<span class=\"_ _2\"></span>llate<span class=\"_ _2\"></span>ral a<span class=\"_ _2\"></span>nd the top<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">up loan on five<span class=\"_ _2\"></span> existing c<span class=\"_ _2\"></span>ollateral ship<span class=\"_ _2\"></span>s. The fi<span class=\"_ _2\"></span>nanc<span class=\"ls30 ws4f\">ing<span class=\"_ _2\"></span> on the tw<span class=\"_ _2\"></span>o addit<span class=\"_ _2\"></span>ional<span class=\"_ _2\"></span> ships c<span class=\"_ _2\"></span>arrie<span class=\"_ _2\"></span>s a </span></span></span>fixed<span class=\"_ _2\"></span> inte<span class=\"_ _2\"></span>rest <span class=\"_ _2\"></span>rate<span class=\"_ _2\"></span> of le<span class=\"_ _2\"></span>ss<span class=\"_ _2\"></span> than 6<span class=\"_ _2\"></span>.0% <span class=\"_ _2\"></span>and h<span class=\"_ _2\"></span>as qu<span class=\"_ _2\"></span>arte<span class=\"_ _2\"></span>rly p<span class=\"_ _2\"></span>ayme<span class=\"_ _2\"></span>nts f<span class=\"_ _2\"></span>or <span class=\"_ _2\"></span>six ye<span class=\"_ _2\"></span>ars <span class=\"_ _2\"></span>and a<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nal b<span class=\"_ _2\"></span>alloo<span class=\"_ _2\"></span>n payment of $32<span class=\"_ _2\"></span>.7 million. <span class=\"_ _2\"></span>The refinancing<span class=\"_ _2\"></span> also exte<span class=\"_ _2\"></span>nded the matu<span class=\"_ _2\"></span>rity dates on t<span class=\"_ _2\"></span>he existing<span class=\"_ _2\"></span> loan tranc<span class=\"_ _2\"></span>hes to<span class=\"_ _2\"></span> betw<span class=\"_ _2\"></span>een<span class=\"ls1 ws0\"> <span class=\"ls31 ws53\">2029 </span></span><span class=\"ws52\">and<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">2<span class=\"_ _2\"></span>031. The pr<span class=\"_ _2\"></span>oceeds are for<span class=\"_ _2\"></span> general c<span class=\"_ _2\"></span>orporate purposes<span class=\"_ _2\"></span>.</span></span></span><span class=\"ws52\"><span class=\"ls1 ws0\"><span class=\"ls2f ws70\"><span class=\"ls1 ws0\"> </span></span></span></span>As pa<span class=\"_ _2\"></span>rt of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> acqui<span class=\"_ _2\"></span>sitio<span class=\"_ _2\"></span>n of<span class=\"_ _2\"></span> HS4<span class=\"_ _2\"></span> on J<span class=\"_ _2\"></span>anua<span class=\"_ _2\"></span>ry 31<span class=\"_ _2\"></span>, 2025<span class=\"_ _2\"></span>, <span class=\"_ _2\"></span>a deb<span class=\"_ _2\"></span>t facil<span class=\"_ _2\"></span>ity o<span class=\"_ _2\"></span>f $1<span class=\"_ _2\"></span>82.0 m<span class=\"_ _2\"></span>ill<span class=\"_ _2\"></span>ion w<span class=\"_ _2\"></span>as consolidated in<span class=\"_ _2\"></span>to the Group.<span class=\"_ _2\"></span> The debt faci<span class=\"_ _2\"></span>lity was sec<span class=\"_ _2\"></span>ured by H<span class=\"_ _2\"></span>S4\u2019s eight s<span class=\"_ _2\"></span>hips at<span class=\"ff1a2 ls1 ws0\"> <span class=\"ls30 ws50\">the<span class=\"_ _2\"></span> secur<span class=\"_ _2\"></span>ed </span></span>overnig<span class=\"_ _2\"></span>ht<span class=\"_ _2\"></span> financ<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> (<span class=\"_ _1\"></span><span class=\"ls46 ws6f\">SOFR<span class=\"_ _2\"></span><span class=\"ls1 ws0\">) <span class=\"ls30 ws50\">plus a 2.<span class=\"_ _2\"></span>5% ma<span class=\"_ _2\"></span>rgin<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> due i<span class=\"_ _2\"></span>n 2<span class=\"_ _2\"></span>028. T<span class=\"_ _2\"></span>here w<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span> inte<span class=\"_ _2\"></span>rest<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span> </span></span></span></span>hedges <span class=\"_ _2\"></span>on 7<span class=\"_ _2\"></span>5% o<span class=\"_ _2\"></span>f the<span class=\"_ _2\"></span> loan<span class=\"_ _2\"></span>. T<span class=\"_ _2\"></span>he f<span class=\"_ _2\"></span>acility<span class=\"_ _2\"></span> wa<span class=\"_ _2\"></span>s ref<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nced i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> fou<span class=\"_ _2\"></span>rth q<span class=\"_ _2\"></span>uarte<span class=\"_ _2\"></span>r of<span class=\"_ _2\"></span> 202<span class=\"_ _2\"></span>5 and <span class=\"_ _2\"></span>subs<span class=\"_ _2\"></span>equent<span class=\"_ _2\"></span> to ye<span class=\"_ _2\"></span>ar e<span class=\"_ _2\"></span>nd.<span class=\"ls1 ws0\"> </span>On Ja<span class=\"_ _2\"></span>nuary<span class=\"_ _2\"></span> 24<span class=\"_ _2\"></span>, 2024<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up s<span class=\"_ _2\"></span>igned<span class=\"_ _2\"></span> a $3<span class=\"_ _2\"></span>7.5 mi<span class=\"_ _2\"></span>llio<span class=\"_ _2\"></span>n lo<span class=\"_ _2\"></span>an ag<span class=\"_ _2\"></span>reem<span class=\"_ _2\"></span>ent wi<span class=\"_ _2\"></span>th <span class=\"_ _2\"></span>Nordea<span class=\"_ _2\"></span> Bank<span class=\"_ _2\"></span> Abp <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>in a new fou<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\">-</span><span class=\"ws52\">and<span class=\"ls1 ws0\">-a<span class=\"_ _1\"></span>-<span class=\"ls30 ws52\">half</span>-<span class=\"ls47 ws82\">year l<span class=\"_ _1\"></span>oan with semi<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">annua<span class=\"_ _2\"></span>l p<span class=\"_ _2\"></span>ayment<span class=\"_ _2\"></span>s an<span class=\"_ _2\"></span>d a fi<span class=\"_ _2\"></span>nal<span class=\"_ _2\"></span> ball<span class=\"_ _2\"></span>oon p<span class=\"_ _2\"></span>ayment<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> </span></span></span></span></span>$27.<span class=\"ls1 ws0\">5 <span class=\"_ _3\"></span><span class=\"ls2f ws70\">m<span class=\"_ _2\"></span>illion. The lo<span class=\"_ _2\"></span>an is sec<span class=\"_ _2\"></span>ured by two <span class=\"_ _2\"></span>second<span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">hand s<span class=\"_ _2\"></span>hips p<span class=\"_ _2\"></span>ur<span class=\"_ _2\"></span>chased<span class=\"_ _2\"></span> in 20<span class=\"_ _2\"></span>23.<span class=\"_ _2\"></span> The <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> </span> </span></span></span>fixed the int<span class=\"_ _2\"></span>erest rate a<span class=\"_ _2\"></span>t 5.74%.<span class=\"ls1 ws0\"> </span>On June 29,<span class=\"_ _2\"></span> 2023, the <span class=\"_ _2\"></span>Group received E<span class=\"_ _2\"></span>UR 13.2 m<span class=\"_ _2\"></span>illion in p<span class=\"_ _2\"></span>roceeds from <span class=\"_ _2\"></span>the financing<span class=\"_ _2\"></span> of <span class=\"ff1a4 ls53 ws80\">S<span class=\"_ _2\"></span>tolt<span class=\"_ _2\"></span> </span>Ludwig<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>hafe<span class=\"_ _2\"></span>n<span class=\"ff1a2 ls30 ws50\">, a <span class=\"_ _2\"></span>newbui<span class=\"_ _2\"></span>lding<span class=\"_ _2\"></span> che<span class=\"_ _2\"></span>mic<span class=\"_ _2\"></span>al ta<span class=\"_ _2\"></span>nker/b<span class=\"_ _2\"></span>arge<span class=\"_ _2\"></span>. The<span class=\"_ _2\"></span> agre<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt is<span class=\"_ _2\"></span> wit<span class=\"_ _2\"></span>h Kf<span class=\"_ _2\"></span>W IPEX<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span><span class=\"ws4f\">Bank GmbH.<span class=\"_ _2\"></span> </span></span>The term lo<span class=\"_ _2\"></span>an has fixed<span class=\"_ _2\"></span> interest <span class=\"_ _2\"></span>of 4.97% <span class=\"_ _2\"></span>and is for<span class=\"_ _2\"></span> 15 years.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>On August 3,<span class=\"_ _2\"></span> 2022, the <span class=\"_ _2\"></span>Group signed <span class=\"_ _2\"></span>a $66.0 millio<span class=\"_ _2\"></span>n top<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">up of the<span class=\"_ _2\"></span> </span>t<span class=\"ls30 ws52\">erm </span>l<span class=\"_ _1\"></span><span class=\"ls47\">oan with<span class=\"_ _1\"></span> Danish S<span class=\"_ _1\"></span>hip </span></span>Finance<span class=\"_ _2\"></span> A/<span class=\"_ _2\"></span>S, inc<span class=\"_ _2\"></span>reasi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>term<span class=\"_ _2\"></span> loan<span class=\"_ _2\"></span> to<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">$168.7 millio<span class=\"_ _2\"></span>n and exten<span class=\"_ _2\"></span>ding the ma<span class=\"_ _2\"></span>turity profile<span class=\"_ _2\"></span> to </span></span>June<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">2027.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span> loa<span class=\"_ _2\"></span>n was d<span class=\"_ _2\"></span>raw<span class=\"_ _2\"></span>n in 2<span class=\"_ _2\"></span>022 <span class=\"_ _2\"></span>to fi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>e the<span class=\"_ _2\"></span> purc<span class=\"_ _2\"></span>hase<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>two <span class=\"_ _2\"></span>seco<span class=\"_ _2\"></span>nd</span>-<span class=\"ls30 ws4f\">hand ship<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> for </span></span>gener<span class=\"_ _2\"></span>al corp<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>ate pu<span class=\"_ _2\"></span>rpose<span class=\"_ _2\"></span>s. A<span class=\"_ _2\"></span>t t<span class=\"_ _2\"></span>he tim<span class=\"_ _2\"></span>e of d<span class=\"_ _2\"></span>rawd<span class=\"_ _2\"></span>own<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> inte<span class=\"_ _2\"></span>rest <span class=\"_ _2\"></span>rate w<span class=\"_ _2\"></span>as <span class=\"_ _2\"></span>fixed<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span>As a p<span class=\"_ _2\"></span>art o<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he<span class=\"ls1 ws0\"> </span><span class=\"ws52\">sustai<span class=\"_ _2\"></span>nabili<span class=\"_ _2\"></span>ty<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2f ws70\">link<span class=\"_ _2\"></span>ed secured lo<span class=\"_ _2\"></span>an agreeme<span class=\"_ _2\"></span>nt <span class=\"ls30 ws50\">ente<span class=\"_ _2\"></span>red i<span class=\"_ _2\"></span>nto <span class=\"_ _2\"></span>on Feb<span class=\"_ _2\"></span>ru<span class=\"_ _2\"></span>ary 16<span class=\"_ _2\"></span>, 202<span class=\"_ _2\"></span>2, <span class=\"_ _2\"></span></span><span class=\"ws4e\">the </span></span></span></span>Group drew $180.9 million on <span class=\"ls1 ws0\">a <span class=\"_ _1\"></span><span class=\"ls30 ws50\">t<span class=\"_ _2\"></span>erm l<span class=\"_ _2\"></span>oan <span class=\"ls31 ws51\">in <span class=\"_ _2\"></span>March 2022. <span class=\"ls2f ws70\">At the s<span class=\"_ _2\"></span>ame time, t<span class=\"_ _2\"></span>he Group sw<span class=\"_ _2\"></span>apped the </span></span></span></span>floating inte<span class=\"_ _2\"></span>rest of the<span class=\"_ _2\"></span> term loan <span class=\"_ _2\"></span>into a fixed<span class=\"_ _2\"></span> rate<span class=\"ls4c ws79\">. <span class=\"ls30 ws50\">The ne<span class=\"_ _2\"></span>w te<span class=\"_ _2\"></span>rm l<span class=\"_ _2\"></span>oan<span class=\"_ _2\"></span> is a<span class=\"_ _2\"></span> five<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls4b ws77\">and</span>-a<span class=\"_ _1\"></span>-<span class=\"ls30 ws52\">half</span>-<span class=\"ls30 ws4f\">year term<span class=\"_ _2\"></span> </span></span></span></span>loan with semi<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">annual p<span class=\"_ _2\"></span>ayme<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span>.</span> </span>During<span class=\"_ _2\"></span> Feb<span class=\"_ _2\"></span>ruary<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> March<span class=\"_ _2\"></span> 201<span class=\"_ _2\"></span>9, <span class=\"_ _2\"></span>the G<span class=\"_ _2\"></span>roup <span class=\"_ _2\"></span>recei<span class=\"_ _2\"></span>ved $<span class=\"_ _2\"></span>241.6<span class=\"_ _2\"></span> mi<span class=\"_ _2\"></span>llion<span class=\"_ _2\"></span> unde<span class=\"_ _2\"></span>r a f<span class=\"_ _2\"></span>ixed<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>rate bo<span class=\"_ _2\"></span>rrow<span class=\"_ _2\"></span>ing agreeme<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span>, <span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>nvolvi<span class=\"_ _2\"></span>ng<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">eight ships.<span class=\"_ _2\"></span> The</span> <span class=\"ls2f ws75\">agreement is</span> </span><span class=\"ws50\">with D<span class=\"_ _2\"></span>evelop<span class=\"_ _2\"></span>ment <span class=\"_ _2\"></span>Bank <span class=\"_ _2\"></span>of J<span class=\"_ _2\"></span>apan,<span class=\"_ _2\"></span> ING<span class=\"_ _2\"></span> Bank<span class=\"_ _2\"></span> </span>N.V.,<span class=\"_ _2\"></span> Nati<span class=\"_ _2\"></span>onal<span class=\"_ _2\"></span> Aust<span class=\"_ _2\"></span>ralia<span class=\"_ _2\"></span> Bank<span class=\"_ _2\"></span>, So<span class=\"_ _2\"></span>ci\u00e9t\u00e9 <span class=\"_ _2\"></span>G\u00e9n\u00e9r<span class=\"_ _2\"></span>ale <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>a gro<span class=\"_ _2\"></span>up of<span class=\"_ _2\"></span> pri<span class=\"_ _2\"></span>vate<span class=\"_ _2\"></span> inves<span class=\"_ _2\"></span>tors<span class=\"_ _2\"></span> at f<span class=\"_ _2\"></span>ixed<span class=\"_ _2\"></span> inte<span class=\"_ _2\"></span>rest rates <span class=\"_ _2\"></span>rangi<span class=\"_ _2\"></span>ng f<span class=\"_ _2\"></span>rom 4<span class=\"_ _2\"></span>.16%<span class=\"_ _2\"></span> to 4.2<span class=\"_ _2\"></span>7%.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span>re a<span class=\"_ _2\"></span>re equ<span class=\"_ _2\"></span>al q<span class=\"_ _2\"></span>uarte<span class=\"_ _2\"></span>rly p<span class=\"_ _2\"></span>aym<span class=\"_ _2\"></span>ents fo<span class=\"_ _2\"></span>r eac<span class=\"_ _2\"></span>h s<span class=\"_ _2\"></span>hip f<span class=\"_ _2\"></span>or <span class=\"_ _2\"></span>an ave<span class=\"_ _2\"></span>rag<span class=\"_ _2\"></span>e teno<span class=\"ls4a ws74\">r<span class=\"_ _2\"></span> of<span class=\"ls1 ws0\"> </span></span><span class=\"ws50\">eight ye<span class=\"_ _2\"></span>ars<span class=\"_ _2\"></span>. At<span class=\"_ _2\"></span> the e<span class=\"_ _2\"></span>nd o<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he agre<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt, t<span class=\"_ _2\"></span>he<span class=\"ls1 ws0\"> </span>Group<span class=\"_ _2\"></span> has<span class=\"_ _2\"></span> an op<span class=\"_ _2\"></span>tion <span class=\"_ _2\"></span>to p<span class=\"_ _2\"></span>urch<span class=\"_ _2\"></span>ase t<span class=\"_ _2\"></span>he shi<span class=\"_ _2\"></span>ps b<span class=\"_ _2\"></span>y </span>paying fixed <span class=\"_ _2\"></span>amounts. As<span class=\"_ _2\"></span> th<span class=\"ls4a ws74\">e opt<span class=\"_ _2\"></span>ion to<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">repurch<span class=\"_ _2\"></span>ase w<span class=\"_ _2\"></span>as vi<span class=\"_ _2\"></span>rtual<span class=\"_ _2\"></span>ly c<span class=\"_ _2\"></span>ertain<span class=\"_ _2\"></span> to b<span class=\"_ _2\"></span>e ex<span class=\"_ _2\"></span>erci<span class=\"_ _2\"></span>sed by<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> </span></span></span>Group<span class=\"_ _2\"></span> at t<span class=\"_ _2\"></span>he<span class=\"ls1 ws0\"> </span><span class=\"ws4f\">date of the<span class=\"_ _2\"></span> borr<span class=\"_ _2\"></span>owing<span class=\"_ _2\"></span>, the tr<span class=\"_ _2\"></span>ansac<span class=\"_ _2\"></span>tion ha<span class=\"_ _2\"></span>s bee<span class=\"_ _2\"></span>n trea<span class=\"_ _2\"></span>ted as<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">collateralised d<span class=\"_ _2\"></span>ebt. </span></span></span>This<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">debt ref<span class=\"_ _2\"></span>inance<span class=\"_ _2\"></span>d t<span class=\"_ _2\"></span>he ac<span class=\"_ _2\"></span>quisi<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n deb<span class=\"_ _2\"></span>t rel<span class=\"_ _2\"></span>ating<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he</span> <span class=\"ls30 ws50\">Jo T<span class=\"_ _2\"></span>anke<span class=\"_ _2\"></span>rs acq<span class=\"_ _2\"></span>uisi<span class=\"_ _2\"></span>tion i<span class=\"_ _2\"></span>n 2<span class=\"_ _2\"></span>016.<span class=\"_ _195\"> </span></span></span>(ii<span class=\"ls1 ws0\">) <span class=\"ls46 ws6f\">Prefer<span class=\"_ _2\"></span>red <span class=\"ls4b ws77\">shi<span class=\"_ _2\"></span>p <span class=\"ls4c ws79\">variable</span></span></span> <span class=\"ls46 ws89\">rate mo<span class=\"_ _2\"></span>rtg<span class=\"_ _2\"></span>ages<span class=\"_ _2\"></span></span> </span>During<span class=\"_ _2\"></span> the f<span class=\"_ _2\"></span>ou<span class=\"_ _2\"></span>rth q<span class=\"_ _2\"></span>uarte<span class=\"_ _2\"></span>r of<span class=\"_ _2\"></span> 202<span class=\"_ _2\"></span>5, the<span class=\"_ _2\"></span> Ave<span class=\"_ _2\"></span>nir <span class=\"_ _2\"></span>refi<span class=\"_ _2\"></span>nanced<span class=\"_ _2\"></span> its<span class=\"_ _2\"></span> thre<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">year bridge fi<span class=\"_ _2\"></span>nancing (Avenir<span class=\"_ _2\"></span> </span></span>Bridge<span class=\"_ _2\"></span> Fina<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span>ng) whi<span class=\"_ _2\"></span>ch <span class=\"_ _2\"></span>had u<span class=\"_ _2\"></span>sed t<span class=\"_ _2\"></span>he <span class=\"ff1a9 ls49 ws7c\">A<span class=\"_ _2\"></span>veni<span class=\"_ _2\"></span>r Aspi<span class=\"_ _2\"></span>rat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span></span><span class=\"ls1 ws0\"> </span><span class=\"ws52\">and <span class=\"ff1a9 ls2f ws2f\">Avenir Achievement </span></span>as<span class=\"_ _2\"></span> coll<span class=\"_ _2\"></span>atera<span class=\"_ _2\"></span>l. Avenir<span class=\"ls1 ws0\"> </span><span class=\"ws70\">signed a $35.0 m<span class=\"_ _2\"></span>illion <span class=\"ls1 ws0\">r<span class=\"ls30 ws52\">educi<span class=\"_ _2\"></span>ng </span>r<span class=\"_ _1\"></span><span class=\"ls53 ws80\">evol<span class=\"_ _2\"></span>ver<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ls1 ws0\">f<span class=\"ls2f ws4e\">acility <span class=\"ls31 ws51\">(Avenir Revolver) on November 26, 2025 with </span></span></span></span></span></span>Danske<span class=\"_ _2\"></span> Bank<span class=\"_ _2\"></span> us<span class=\"_ _2\"></span>ing th<span class=\"_ _2\"></span>e <span class=\"ff1a9 ls49 ws7c\">A<span class=\"_ _2\"></span>venir<span class=\"_ _2\"></span> Asp<span class=\"_ _2\"></span>irati<span class=\"_ _2\"></span>on </span><span class=\"ls2f ws70\">as coll<span class=\"_ _2\"></span>ateral. The<span class=\"_ _2\"></span> facility i<span class=\"_ _2\"></span>s for seven<span class=\"_ _2\"></span> years and <span class=\"_ _2\"></span>has loan<span class=\"ls1 ws0\">-<span class=\"ls55 ws73\">to</span>-<span class=\"_ _195\"> </span></span></span>value of 65<span class=\"_ _2\"></span>%. Also, on <span class=\"_ _2\"></span>November 17,<span class=\"_ _2\"></span> 2025, Avenir<span class=\"_ _2\"></span> signed a<span class=\"_ _2\"></span> $49.0 million<span class=\"_ _2\"></span> sale and le<span class=\"_ _2\"></span>aseback facili<span class=\"_ _2\"></span>ty wi<span class=\"ls30 ws50\">th Kow<span class=\"_ _2\"></span>a Com<span class=\"_ _2\"></span>pany<span class=\"_ _2\"></span>, Ltd.<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span>refi<span class=\"_ _2\"></span>nance <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> <span class=\"ff1a9 ls49 wsaa\">Ave<span class=\"_ _2\"></span>nir A<span class=\"_ _2\"></span>chie<span class=\"_ _2\"></span>vem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span></span>. At t<span class=\"_ _2\"></span>he e<span class=\"_ _2\"></span>nd of<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>agre<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span>, t<span class=\"_ _2\"></span>he </span>Group<span class=\"_ _2\"></span> has <span class=\"_ _2\"></span>an op<span class=\"_ _2\"></span>tion <span class=\"_ _2\"></span>to p<span class=\"_ _2\"></span>urch<span class=\"_ _2\"></span>ase t<span class=\"_ _2\"></span>he shi<span class=\"_ _2\"></span>ps b<span class=\"_ _2\"></span>y p<span class=\"_ _2\"></span>aying<span class=\"_ _2\"></span> a fix<span class=\"_ _2\"></span>ed am<span class=\"_ _2\"></span>oun<span class=\"_ _2\"></span>t. As <span class=\"_ _2\"></span>the op<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n to<span class=\"_ _2\"></span> rep<span class=\"_ _2\"></span>urcha<span class=\"_ _2\"></span>se was vi<span class=\"_ _2\"></span>rtual<span class=\"_ _2\"></span>ly c<span class=\"_ _2\"></span>ertai<span class=\"_ _2\"></span>n to<span class=\"_ _2\"></span> be <span class=\"_ _2\"></span>exerci<span class=\"_ _2\"></span>sed b<span class=\"_ _2\"></span>y the<span class=\"_ _2\"></span> Gr<span class=\"_ _2\"></span>oup at<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> date<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>the b<span class=\"_ _2\"></span>orro<span class=\"_ _2\"></span>wing<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> tran<span class=\"_ _2\"></span>sact<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>has been treated a<span class=\"_ _2\"></span>s collaterali<span class=\"_ _2\"></span>sed debt.<span class=\"ls1 ws0\"> </span>On November 12, 2025, Avenir signed a $128.0 million pre<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">delivery sale <span class=\"_ _2\"></span>and leaseback f<span class=\"_ _2\"></span>acility for<span class=\"_ _2\"></span> </span></span>the two<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">n<span class=\"ls2f ws4e\">ewbuilding <span class=\"ls30 ws50\">ships c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>ntly<span class=\"_ _2\"></span> being<span class=\"_ _2\"></span> bui<span class=\"_ _2\"></span>lt b<span class=\"_ _2\"></span>y Na<span class=\"_ _2\"></span>ntung<span class=\"_ _2\"></span> Xi<span class=\"_ _2\"></span>angyu <span class=\"_ _2\"></span>Shipy<span class=\"_ _2\"></span>ard. T<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> facil<span class=\"_ _2\"></span>ity<span class=\"_ _2\"></span> has be<span class=\"_ _2\"></span>en </span></span></span>arrang<span class=\"_ _2\"></span>ed wi<span class=\"_ _2\"></span>th A<span class=\"_ _2\"></span>VIC Fi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>ial L<span class=\"_ _2\"></span>easi<span class=\"_ _2\"></span>ng, m<span class=\"_ _2\"></span>atu<span class=\"_ _2\"></span>res in<span class=\"_ _2\"></span> 10 ye<span class=\"_ _2\"></span>ars<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> wil<span class=\"_ _2\"></span>l all<span class=\"_ _2\"></span>ow fo<span class=\"_ _2\"></span>r d<span class=\"_ _2\"></span>rawdow<span class=\"_ _2\"></span>ns fo<span class=\"_ _2\"></span>r fu<span class=\"_ _2\"></span>ture<span class=\"_ _2\"></span> n<span class=\"_ _1\"></span><span class=\"ls2f ws4e\">ewbuildi<span class=\"_ _2\"></span>ng <span class=\"ls30 ws50\">deposi<span class=\"_ _2\"></span>ts. At<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> mat<span class=\"_ _2\"></span>urity d<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span> h<span class=\"_ _2\"></span>as an op<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>on to<span class=\"_ _2\"></span> rep<span class=\"_ _2\"></span>urcha<span class=\"_ _2\"></span>se the<span class=\"_ _2\"></span> shi<span class=\"_ _2\"></span>ps a<span class=\"_ _2\"></span>t a </span></span>fixed<span class=\"_ _2\"></span> amou<span class=\"_ _2\"></span>nt. As<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> opti<span class=\"_ _2\"></span>on to<span class=\"_ _2\"></span> re<span class=\"_ _2\"></span>purch<span class=\"_ _2\"></span>ase i<span class=\"_ _2\"></span>s v<span class=\"_ _2\"></span>irtu<span class=\"_ _2\"></span>ally ce<span class=\"_ _2\"></span>rtai<span class=\"_ _2\"></span>n to<span class=\"_ _2\"></span> be<span class=\"_ _2\"></span> exerc<span class=\"_ _2\"></span>ised<span class=\"_ _2\"></span> by t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup<span class=\"_ _2\"></span> at the<span class=\"_ _2\"></span> date o<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he bor<span class=\"_ _2\"></span>rowi<span class=\"_ _2\"></span>ng<span class=\"ls2f ws70\">, t<span class=\"_ _2\"></span>he transaction will<span class=\"_ _2\"></span> be treat<span class=\"_ _2\"></span>ed as coll<span class=\"_ _2\"></span>ateralised debt<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></span>On December 5,<span class=\"_ _2\"></span> 2024, the <span class=\"_ _2\"></span>Group completed<span class=\"_ _2\"></span> the ea<span class=\"_ _2\"></span>rly repayment <span class=\"_ _2\"></span>of a port<span class=\"_ _2\"></span>ion of <span class=\"_ _2\"></span>the <span class=\"ls30 ws50\">CMB<span class=\"_ _2\"></span> Fin<span class=\"_ _2\"></span>anci<span class=\"_ _2\"></span>al </span>Leasing<span class=\"_ _2\"></span> <span class=\"ls48 ws72\">Co. <span class=\"_ _1\"></span><span class=\"ws92\">Ltd<span class=\"_ _2\"></span>. (CMBFL<span class=\"_ _2\"></span>) <span class=\"ls2f ws70\">debt for fo<span class=\"_ _2\"></span>ur ships for<span class=\"_ _2\"></span> $103.0 millio<span class=\"_ _2\"></span>n, including <span class=\"_ _2\"></span>accrued in<span class=\"_ _2\"></span>terest. </span></span></span>Additio<span class=\"_ _2\"></span>nal<span class=\"_ _2\"></span>ly, o<span class=\"_ _2\"></span>n Dec<span class=\"_ _2\"></span>ember<span class=\"_ _2\"></span> 31,<span class=\"_ _2\"></span> 20<span class=\"_ _2\"></span>24 and<span class=\"_ _2\"></span> Ja<span class=\"_ _2\"></span>nuary<span class=\"_ _2\"></span> 2, 20<span class=\"_ _2\"></span>25, t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> refi<span class=\"_ _2\"></span>nanc<span class=\"_ _2\"></span>ed the<span class=\"_ _2\"></span> deb<span class=\"_ _2\"></span>t on <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> remai<span class=\"_ _2\"></span>ning s<span class=\"_ _2\"></span>hips.<span class=\"_ _2\"></span> As<span class=\"_ _2\"></span> a re<span class=\"_ _2\"></span>sult<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> inte<span class=\"_ _2\"></span>rest<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span> on t<span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>ships<span class=\"_ _2\"></span> has b<span class=\"_ _2\"></span>een f<span class=\"_ _2\"></span>ixed<span class=\"_ _2\"></span> at <span class=\"_ _2\"></span>less<span class=\"_ _2\"></span> than 6<span class=\"_ _2\"></span>.0%<span class=\"_ _2\"></span> a<span class=\"ws4f\">nd<span class=\"_ _2\"></span> the </span>margi<span class=\"_ _2\"></span>n on<span class=\"_ _2\"></span> the l<span class=\"_ _2\"></span>ast <span class=\"_ _2\"></span>three <span class=\"_ _2\"></span>ships<span class=\"_ _2\"></span>, w<span class=\"_ _2\"></span>hich<span class=\"_ _2\"></span> rem<span class=\"_ _2\"></span>ain fl<span class=\"_ _2\"></span>oating<span class=\"_ _2\"></span>, w<span class=\"_ _2\"></span>as low<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span>d. I<span class=\"_ _2\"></span>n 2025<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up f<span class=\"_ _2\"></span>ull<span class=\"ls1 ws0\">y </span><span class=\"ws52\">repaid<span class=\"_ _2\"></span> </span>the CM<span class=\"_ _2\"></span>BFL d<span class=\"_ _2\"></span>ebt f<span class=\"_ _2\"></span>acili<span class=\"_ _2\"></span>ty.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>As part of <span class=\"_ _2\"></span>the acquisitio<span class=\"_ _2\"></span>n of Ave<span class=\"_ _2\"></span>nir on February 6<span class=\"_ _2\"></span>, 2025,<span class=\"_ _2\"></span> debt facilities<span class=\"_ _2\"></span> of $142.1 mill<span class=\"_ _2\"></span>ion we<span class=\"_ _2\"></span>re consolidated into the Group. Of the total, $60.0 millio<span class=\"_ _2\"></span>n consisted primarily of three<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2f ws70\">year<span class=\"_ _2\"></span> bridge </span></span>financ<span class=\"_ _2\"></span>ing usi<span class=\"_ _2\"></span>ng the<span class=\"_ _2\"></span> <span class=\"ff1a9 ls54 ws70\">Avenir Aspiration</span><span class=\"ls1 ws0\"> </span><span class=\"ws52\">and <span class=\"ff1a9 ls49 wsaa\">Avenir<span class=\"_ _2\"></span> Ac<span class=\"_ _2\"></span>hie<span class=\"_ _2\"></span>vement<span class=\"_ _2\"></span></span><span class=\"ls1 ws0\"> </span><span class=\"ws50\">as col<span class=\"_ _2\"></span>later<span class=\"_ _2\"></span>al. B<span class=\"_ _2\"></span>oth b<span class=\"_ _2\"></span>ore i<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>rest <span class=\"_ _2\"></span>at </span></span>SOFR plus a m<span class=\"_ _2\"></span>argin of<span class=\"_ _2\"></span> 2.75%. Th<span class=\"_ _2\"></span>ese facilities were<span class=\"_ _2\"></span> refinanced i<span class=\"_ _2\"></span>n November 202<span class=\"_ _2\"></span>5. Aveni<span class=\"_ _2\"></span>r also had $25.4<span class=\"_ _2\"></span> milli<span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>outst<span class=\"_ _2\"></span>anding<span class=\"_ _2\"></span> on<span class=\"_ _2\"></span> a f<span class=\"_ _2\"></span>acili<span class=\"_ _2\"></span>ty wi<span class=\"_ _2\"></span>th D<span class=\"_ _2\"></span>anske <span class=\"_ _2\"></span>Bank <span class=\"_ _2\"></span>usi<span class=\"_ _2\"></span>ng the<span class=\"_ _2\"></span> <span class=\"ff1a9 ls49 wsaa\">Av<span class=\"_ _2\"></span>enir<span class=\"_ _2\"></span> Ad<span class=\"_ _2\"></span>vant<span class=\"_ _2\"></span>age</span><span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">as collater<span class=\"_ _2\"></span>al.</span> </span>Aveni<span class=\"_ _2\"></span>r also ha<span class=\"_ _2\"></span>s a flo<span class=\"_ _2\"></span>ating ra<span class=\"_ _2\"></span>te sal<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2f ws70\">le<span class=\"_ _2\"></span>aseback facili<span class=\"_ _2\"></span>ty with Primer<span class=\"_ _2\"></span> Maritime <span class=\"_ _2\"></span>PVT using <span class=\"ff1a9 ls49 ws78\">A<span class=\"_ _2\"></span>veni<span class=\"_ _2\"></span>r </span></span></span>Accolade<span class=\"ff1a8 ls1 ws0\"> <span class=\"ls30 ws52\">and </span></span><span class=\"ls57 wsad\">Av<span class=\"_ _1\"></span>eni<span class=\"_ _1\"></span>r Ascen<span class=\"_ _1\"></span>sion<span class=\"ff1a8 ls1 ws0\"> <span class=\"_ _3\"></span><span class=\"ls2f ws70\">a<span class=\"_ _2\"></span>s collateral.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Repayment is monthly ov<span class=\"_ _2\"></span>er a term <span class=\"_ _2\"></span>of seventee<span class=\"_ _2\"></span>n years </span></span></span>at SO<span class=\"_ _2\"></span>FR pl<span class=\"_ _2\"></span>us a m<span class=\"_ _2\"></span>argi<span class=\"_ _2\"></span>n of<span class=\"_ _2\"></span> 1.9<span class=\"_ _2\"></span>%. T<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup h<span class=\"_ _2\"></span>as a<span class=\"_ _2\"></span>n opti<span class=\"_ _2\"></span>on t<span class=\"_ _2\"></span>o rep<span class=\"_ _2\"></span>urchas<span class=\"_ _2\"></span>e t<span class=\"_ _2\"></span>he sh<span class=\"_ _2\"></span>ips f<span class=\"_ _2\"></span>rom<span class=\"_ _2\"></span> the e<span class=\"_ _2\"></span>nd of<span class=\"_ _2\"></span> the se<span class=\"_ _2\"></span>cond y<span class=\"_ _2\"></span>ea<span class=\"_ _2\"></span>r and<span class=\"_ _2\"></span> a pu<span class=\"_ _2\"></span>rchase<span class=\"_ _2\"></span> o<span class=\"_ _2\"></span>bligat<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>at th<span class=\"_ _2\"></span>e end<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>the te<span class=\"_ _2\"></span>rm.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws75\">Due to t<span class=\"_ _1\"></span>he exis<span class=\"_ _2\"></span>tence of a </span></span>purchase obligat<span class=\"_ _2\"></span>ion, the <span class=\"_ _2\"></span>transaction w<span class=\"_ _2\"></span>as treated as<span class=\"_ _2\"></span> collateralised<span class=\"_ _2\"></span> debt.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>During<span class=\"_ _2\"></span> Marc<span class=\"_ _2\"></span>h 20<span class=\"_ _2\"></span>21, t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> close<span class=\"_ _2\"></span>d a $7<span class=\"_ _2\"></span>7.0<span class=\"_ _2\"></span> mill<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> floati<span class=\"_ _2\"></span>ng<span class=\"ls1 ws0\"> </span>rate<span class=\"_ _2\"></span> faci<span class=\"_ _2\"></span>lity<span class=\"_ _2\"></span> wit<span class=\"_ _2\"></span>h CMB<span class=\"_ _2\"></span>FL inc<span class=\"_ _2\"></span>ludi<span class=\"_ _2\"></span>ng three <span class=\"_ _2\"></span>newly<span class=\"_ _2\"></span> acq<span class=\"_ _2\"></span>uired<span class=\"_ _2\"></span> CT<span class=\"_ _2\"></span>G ships<span class=\"_ _2\"></span>. T<span class=\"_ _2\"></span>here a<span class=\"_ _2\"></span>re qu<span class=\"_ _2\"></span>arte<span class=\"_ _2\"></span>rly <span class=\"_ _2\"></span>repaym<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span> for <span class=\"_ _2\"></span>eac<span class=\"_ _2\"></span>h ship<span class=\"_ _2\"></span> ove<span class=\"_ _2\"></span>r te<span class=\"_ _2\"></span>n year<span class=\"_ _2\"></span>s whereby<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e Gro<span class=\"_ _2\"></span>up h<span class=\"_ _2\"></span>as an <span class=\"_ _2\"></span>optio<span class=\"_ _2\"></span>n to p<span class=\"_ _2\"></span>urc<span class=\"_ _2\"></span>hase <span class=\"_ _2\"></span>the s<span class=\"_ _2\"></span>hips<span class=\"_ _2\"></span> by p<span class=\"_ _2\"></span>ayin<span class=\"_ _2\"></span>g $12<span class=\"_ _2\"></span>.8 mi<span class=\"_ _2\"></span>llion<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>r each<span class=\"_ _2\"></span> ship<span class=\"_ _2\"></span>. As<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">t<span class=\"_ _2\"></span>he opt<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span>repurc<span class=\"_ _2\"></span>hase<span class=\"_ _2\"></span> was <span class=\"_ _2\"></span>virtu<span class=\"_ _2\"></span>ally c<span class=\"_ _2\"></span>ert<span class=\"_ _2\"></span>ain <span class=\"_ _2\"></span>to be<span class=\"_ _2\"></span> exe<span class=\"_ _2\"></span>rcised<span class=\"_ _2\"></span> by<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls53 ws7d\">the Group at the<span class=\"_ _2\"></span> date of the<span class=\"_ _2\"></span> </span></span></span></span>borrow<span class=\"_ _2\"></span>ing, <span class=\"_ _2\"></span>the t<span class=\"_ _2\"></span>rans<span class=\"_ _2\"></span>acti<span class=\"_ _2\"></span>on has<span class=\"_ _2\"></span> b<span class=\"_ _2\"></span>een tre<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> as c<span class=\"_ _2\"></span>olla<span class=\"_ _2\"></span>teral<span class=\"_ _2\"></span>ised d<span class=\"_ _2\"></span>eb<span class=\"_ _2\"></span>t.<span class=\"ls1 ws0\"> </span>This f<span class=\"_ _2\"></span>acility<span class=\"_ _2\"></span> wa<span class=\"_ _2\"></span>s rep<span class=\"_ _2\"></span>aid e<span class=\"_ _2\"></span>arly<span class=\"_ _2\"></span> in December 2024.<span class=\"ls1 ws0\"> </span>In August 201<span class=\"_ _2\"></span>9, the G<span class=\"_ _2\"></span>roup close<span class=\"_ _2\"></span>d a $415.6 milli<span class=\"_ _2\"></span>on floating<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>rate facility with CMB<span class=\"_ _2\"></span><span class=\"ls30 ws52\">FL<span class=\"ws50\">, i<span class=\"_ _2\"></span>nvol<span class=\"_ _2\"></span>ving <span class=\"ls31 ws53\">20<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span>ships.<span class=\"_ _2\"></span> There<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> equ<span class=\"_ _2\"></span>al qu<span class=\"_ _2\"></span>arter<span class=\"_ _2\"></span>ly <span class=\"_ _2\"></span>payme<span class=\"_ _2\"></span>nts f<span class=\"_ _2\"></span>or eac<span class=\"_ _2\"></span>h shi<span class=\"_ _2\"></span>p fo<span class=\"_ _2\"></span>r a<span class=\"_ _2\"></span>n av<span class=\"_ _2\"></span>erage<span class=\"_ _2\"></span> teno<span class=\"_ _2\"></span>r of <span class=\"_ _2\"></span>seve<span class=\"_ _2\"></span>n year<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> floating inte<span class=\"_ _2\"></span>rest rates. <span class=\"ls30 ws50\">At<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> end<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he ag<span class=\"_ _2\"></span>reeme<span class=\"_ _2\"></span>nt,<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> has<span class=\"_ _2\"></span> an <span class=\"_ _2\"></span>option <span class=\"_ _2\"></span>to p<span class=\"_ _2\"></span>urch<span class=\"_ _2\"></span>ase t<span class=\"_ _2\"></span>he s<span class=\"_ _2\"></span>hips </span>by pay<span class=\"_ _2\"></span>ing fi<span class=\"_ _2\"></span>xed<span class=\"_ _2\"></span> amo<span class=\"_ _2\"></span>unts.<span class=\"_ _2\"></span> As <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>optio<span class=\"_ _2\"></span>n to<span class=\"_ _2\"></span> repurc<span class=\"_ _2\"></span>has<span class=\"_ _2\"></span>e was<span class=\"_ _2\"></span> vi<span class=\"_ _2\"></span>rtuall<span class=\"_ _2\"></span>y cer<span class=\"_ _2\"></span>tain<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">to be exe<span class=\"_ _2\"></span>rcised by <span class=\"_ _2\"></span>the </span></span>Group<span class=\"_ _2\"></span> at t<span class=\"_ _2\"></span>he da<span class=\"_ _2\"></span>te o<span class=\"_ _2\"></span>f the<span class=\"_ _2\"></span> borr<span class=\"_ _2\"></span>owi<span class=\"_ _2\"></span>ng, t<span class=\"_ _2\"></span>he tr<span class=\"_ _2\"></span>ansac<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n has<span class=\"_ _2\"></span> been <span class=\"_ _2\"></span>tre<span class=\"_ _2\"></span>ated <span class=\"_ _2\"></span>as co<span class=\"_ _2\"></span>llate<span class=\"_ _2\"></span>rali<span class=\"_ _2\"></span>sed d<span class=\"_ _2\"></span>ebt.<span class=\"_ _2\"></span> The l<span class=\"_ _2\"></span>oan was us<span class=\"_ _2\"></span>ed t<span class=\"_ _2\"></span>o pay<span class=\"_ _2\"></span> dow<span class=\"_ _2\"></span>n ex<span class=\"_ _2\"></span>isting<span class=\"_ _2\"></span> deb<span class=\"_ _2\"></span>t and<span class=\"_ _2\"></span> for g<span class=\"_ _2\"></span>ener<span class=\"_ _2\"></span>al co<span class=\"_ _2\"></span>rpor<span class=\"_ _2\"></span>ate p<span class=\"_ _2\"></span>urpose<span class=\"_ _2\"></span>s.<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">This loa<span class=\"_ _2\"></span>n was partially </span></span>repaid in 2025. <span class=\"ls1 ws0\"> </span>(ii<span class=\"ls1 ws0\">i)<span class=\"_ _1\"></span> <span class=\"ls46 ws92\">Seni<span class=\"_ _2\"></span>or se<span class=\"_ _2\"></span>cu<span class=\"_ _2\"></span>red c<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>dit f<span class=\"_ _2\"></span>acil<span class=\"_ _2\"></span>itie<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span></span> </span>On July<span class=\"_ _2\"></span> 9<span class=\"_ _2\"></span>, 2024<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up <span class=\"_ _2\"></span>refina<span class=\"_ _2\"></span>nced <span class=\"_ _2\"></span><span class=\"ls31 ws51\">the 2015 private placement<span class=\"ls1 ws0\"> </span></span>facility<span class=\"_ _2\"></span> mat<span class=\"_ _2\"></span>uring<span class=\"_ _2\"></span> in M<span class=\"_ _2\"></span>arc<span class=\"_ _2\"></span>h <span class=\"ls1 ws0\"> </span>2025 through th<span class=\"_ _2\"></span>e issuance o<span class=\"_ _2\"></span>f $450.0 m<span class=\"_ _2\"></span>illion in seve<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\">-<span class=\"ls47 ws82\">year an<span class=\"_ _1\"></span>d ten<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">ye<span class=\"_ _2\"></span>ar <span class=\"_ _2\"></span>notes<span class=\"_ _2\"></span> in t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>US pri<span class=\"_ _2\"></span>vate<span class=\"_ _2\"></span> </span></span></span></span>placem<span class=\"_ _2\"></span>ent m<span class=\"_ _2\"></span>arke<span class=\"_ _2\"></span>t. T<span class=\"_ _2\"></span>he no<span class=\"_ _2\"></span>tes a<span class=\"_ _2\"></span>re se<span class=\"_ _2\"></span>cured<span class=\"_ _2\"></span> by <span class=\"_ _2\"></span>US<span class=\"ls1 ws0\">-</span>based<span class=\"_ _2\"></span> asse<span class=\"_ _2\"></span>ts <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>a gua<span class=\"_ _2\"></span>rantee<span class=\"_ _2\"></span> from<span class=\"_ _2\"></span> <span class=\"ls4b ws77\">SNL<span class=\"_ _2\"></span></span><span class=\"ws4f\">. The<span class=\"_ _2\"></span> </span>notes <span class=\"_ _2\"></span>are f<span class=\"_ _2\"></span>ixed<span class=\"_ _2\"></span> rate<span class=\"_ _2\"></span> note<span class=\"_ _2\"></span>s wi<span class=\"_ _2\"></span>th t<span class=\"_ _2\"></span>he in<span class=\"_ _2\"></span>tere<span class=\"_ _2\"></span>st r<span class=\"_ _2\"></span>ate fo<span class=\"_ _2\"></span>r bo<span class=\"_ _2\"></span>th tr<span class=\"_ _2\"></span>anc<span class=\"_ _2\"></span>hes f<span class=\"_ _2\"></span>ixed<span class=\"_ _2\"></span> at jus<span class=\"_ _2\"></span>t un<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span> 6%. T<span class=\"_ _2\"></span>he f<span class=\"_ _2\"></span>undin<span class=\"_ _2\"></span>g took p<span class=\"_ _2\"></span>lace<span class=\"_ _2\"></span> on <span class=\"_ _2\"></span>July 1<span class=\"_ _2\"></span>8, 20<span class=\"_ _2\"></span>24<span class=\"_ _2\"></span>, at w<span class=\"_ _2\"></span>hich<span class=\"_ _2\"></span> time<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> <span class=\"ls31 ws51\">2015 private placement<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">facility <span class=\"_ _1\"></span><span class=\"ls30 ws50\">w<span class=\"_ _2\"></span>as re<span class=\"_ _2\"></span>paid<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></span></span></span></span>On Ju<span class=\"_ _2\"></span>ne 12<span class=\"_ _2\"></span>, 20<span class=\"_ _2\"></span>23, the<span class=\"_ _2\"></span> Gr<span class=\"_ _2\"></span>oup<span class=\"_ _2\"></span> refi<span class=\"_ _2\"></span>nance<span class=\"_ _2\"></span>d its<span class=\"_ _2\"></span> pre<span class=\"_ _2\"></span>vious<span class=\"_ _2\"></span> Stol<span class=\"_ _2\"></span>thave<span class=\"_ _2\"></span>n S<span class=\"_ _2\"></span>ingapo<span class=\"_ _2\"></span>re fac<span class=\"_ _2\"></span>ili<span class=\"_ _2\"></span>ty wi<span class=\"_ _2\"></span>th a <span class=\"_ _2\"></span>SGD<span class=\"_ _2\"></span> 280.<span class=\"_ _2\"></span>0 million ($208.4 million) term loan<span class=\"_ _2\"></span>. The agreement is with DBS Bank Ltd., ING Bank N.V., KfW IPEX<span class=\"ls1 ws0\">-<span class=\"_ _195\"> </span></span>Bank Gm<span class=\"_ _2\"></span>bH and Ove<span class=\"_ _2\"></span>rsea<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span><span class=\"ws50\">Chinese Ba<span class=\"_ _2\"></span>nki<span class=\"_ _2\"></span>ng Co<span class=\"_ _2\"></span>rpor<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span> Limi<span class=\"_ _2\"></span>ted.<span class=\"_ _2\"></span> T<span class=\"ws52\">he<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">debt will b<span class=\"_ _2\"></span>e repaid <span class=\"_ _2\"></span>over seven </span></span></span></span>years<span class=\"_ _2\"></span> with<span class=\"_ _2\"></span> a fin<span class=\"_ _2\"></span>al b<span class=\"_ _2\"></span>alloo<span class=\"_ _2\"></span>n p<span class=\"_ _2\"></span>ayment<span class=\"_ _2\"></span> of S<span class=\"_ _2\"></span>GD 11<span class=\"_ _2\"></span>2.0 mi<span class=\"_ _2\"></span>llio<span class=\"_ _2\"></span>n and<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>nteres<span class=\"_ _2\"></span>t ra<span class=\"_ _2\"></span>te ha<span class=\"_ _2\"></span>s bee<span class=\"_ _2\"></span>n fi<span class=\"_ _2\"></span>xed <span class=\"_ _2\"></span>at 5.<span class=\"_ _2\"></span>3%.<span class=\"_ _2\"></span> The net proceeds<span class=\"_ _2\"></span> were used <span class=\"_ _2\"></span>to repay <span class=\"_ _2\"></span>a NOK bond <span class=\"_ _2\"></span>(SNI09) with $<span class=\"_ _2\"></span>132.0 millio<span class=\"_ _2\"></span>n outstand<span class=\"_ _2\"></span>ing and fo<span class=\"_ _2\"></span>r gener<span class=\"_ _2\"></span>al corp<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>ate pu<span class=\"_ _2\"></span>rpose<span class=\"_ _2\"></span><span class=\"ls48 ws72\">s.<span class=\"ls1 ws0\"> </span></span>On June<span class=\"_ _2\"></span> 21, 2022<span class=\"_ _2\"></span>, the Gr<span class=\"_ _2\"></span>oup sig<span class=\"_ _2\"></span>ned a $110<span class=\"_ _2\"></span>.0 mi<span class=\"_ _2\"></span>llion f<span class=\"_ _2\"></span>loati<span class=\"_ _2\"></span>ng rat<span class=\"_ _2\"></span>e borrow<span class=\"_ _2\"></span>ing ag<span class=\"_ _2\"></span>reem<span class=\"_ _2\"></span>ent usi<span class=\"_ _2\"></span>ng a group<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>ank co<span class=\"_ _2\"></span>ntai<span class=\"_ _2\"></span>ners<span class=\"_ _2\"></span> as c<span class=\"_ _2\"></span>oll<span class=\"_ _2\"></span>ater<span class=\"_ _2\"></span>al. The<span class=\"_ _2\"></span> ag<span class=\"_ _2\"></span>reemen<span class=\"_ _2\"></span>t is<span class=\"_ _2\"></span> with<span class=\"_ _2\"></span> ING<span class=\"_ _2\"></span> Bank<span class=\"_ _2\"></span> N.V<span class=\"_ _2\"></span>. and<span class=\"_ _2\"></span> a gr<span class=\"_ _2\"></span>oup o<span class=\"_ _2\"></span>f pri<span class=\"_ _2\"></span>vate<span class=\"_ _2\"></span> invest<span class=\"_ _2\"></span>ors f<span class=\"_ _2\"></span>or <span class=\"_ _2\"></span>seven y<span class=\"_ _2\"></span>ear<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> te<span class=\"_ _2\"></span>n mo<span class=\"_ _2\"></span>nths.<span class=\"_ _2\"></span> There<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> 33<span class=\"_ _2\"></span> equal<span class=\"_ _2\"></span> pa<span class=\"_ _2\"></span><span class=\"ls47 ws82\">ymen<span class=\"_ _1\"></span>ts, with a bal<span class=\"_ _1\"></span>loon payme<span class=\"_ _1\"></span>nt </span>at<span class=\"ls1 ws0\"> </span>maturit<span class=\"_ _2\"></span>y. <span class=\"ls1 ws0\"> </span>On Ma<span class=\"_ _2\"></span>rch 2<span class=\"_ _2\"></span>, 202<span class=\"_ _2\"></span>2, t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup si<span class=\"_ _2\"></span>gned<span class=\"_ _2\"></span> a $1<span class=\"_ _2\"></span>27.6<span class=\"_ _2\"></span> mill<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>float<span class=\"_ _2\"></span>ing <span class=\"_ _2\"></span>rate<span class=\"_ _2\"></span> borro<span class=\"_ _2\"></span>wing<span class=\"_ _2\"></span> agre<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span> usi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>a group<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>ank co<span class=\"_ _2\"></span>ntai<span class=\"_ _2\"></span>ners<span class=\"_ _2\"></span> as c<span class=\"_ _2\"></span>oll<span class=\"_ _2\"></span>ater<span class=\"_ _2\"></span>al. The<span class=\"_ _2\"></span> ag<span class=\"_ _2\"></span>reemen<span class=\"_ _2\"></span>t is<span class=\"_ _2\"></span> with<span class=\"_ _2\"></span> ING<span class=\"_ _2\"></span> Bank<span class=\"_ _2\"></span> N.V<span class=\"_ _2\"></span>. and<span class=\"_ _2\"></span> a gr<span class=\"_ _2\"></span>oup o<span class=\"_ _2\"></span>f pri<span class=\"_ _2\"></span>vate<span class=\"_ _2\"></span> invest<span class=\"_ _2\"></span>ors f<span class=\"_ _2\"></span>or <span class=\"_ _2\"></span>six ye<span class=\"_ _2\"></span>ars <span class=\"_ _2\"></span>and t<span class=\"_ _2\"></span>en m<span class=\"_ _2\"></span>onths.<span class=\"_ _2\"></span> T<span class=\"_ _2\"></span>here a<span class=\"_ _2\"></span>re 2<span class=\"_ _2\"></span>9 equal<span class=\"_ _2\"></span> paym<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>nts, w<span class=\"_ _2\"></span>ith <span class=\"_ _2\"></span>a bal<span class=\"_ _2\"></span>loon<span class=\"_ _2\"></span> payme<span class=\"_ _2\"></span>nt at<span class=\"_ _2\"></span> maturi<span class=\"_ _2\"></span>ty. C<span class=\"_ _2\"></span>ash w<span class=\"_ _2\"></span>as d<span class=\"_ _2\"></span>rawn<span class=\"_ _2\"></span> on t<span class=\"_ _2\"></span>he ne<span class=\"_ _2\"></span>w fac<span class=\"_ _2\"></span>ility<span class=\"_ _2\"></span> s<span class=\"_ _2\"></span>ubseq<span class=\"_ _2\"></span>uent <span class=\"_ _2\"></span>to t<span class=\"_ _2\"></span>he May<span class=\"_ _2\"></span> 2022<span class=\"_ _2\"></span> ball<span class=\"_ _2\"></span>oon<span class=\"_ _2\"></span> payme<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>the May<span class=\"_ _2\"></span> 20<span class=\"_ _2\"></span>16 ta<span class=\"_ _2\"></span>nk co<span class=\"_ _2\"></span>ntai<span class=\"_ _2\"></span>ner f<span class=\"_ _2\"></span>inanc<span class=\"_ _2\"></span>ing a<span class=\"_ _2\"></span>nd <span class=\"_ _2\"></span>the i<span class=\"_ _2\"></span>nteres<span class=\"_ _2\"></span>t ra<span class=\"_ _2\"></span>te w<span class=\"_ _2\"></span>as fi<span class=\"_ _2\"></span>xed<span class=\"_ _2\"></span> just<span class=\"_ _2\"></span> befo<span class=\"_ _2\"></span>re dr<span class=\"_ _2\"></span>awdown.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>On December 3,<span class=\"_ _2\"></span> 2020, the <span class=\"_ _2\"></span>Group entered<span class=\"_ _2\"></span> into a $65<span class=\"_ _2\"></span>.0 million f<span class=\"_ _2\"></span>ixed rate te<span class=\"_ _2\"></span>rm loan facili<span class=\"_ _2\"></span>ty using Stolt<span class=\"_ _2\"></span>haven<span class=\"_ _2\"></span> Dagen<span class=\"_ _2\"></span>ham<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>Stolt<span class=\"_ _2\"></span>haven<span class=\"_ _2\"></span> Moerd<span class=\"_ _2\"></span>ijk<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">t<span class=\"_ _2\"></span>ermi<span class=\"_ _2\"></span>nals<span class=\"ls1 ws0\"> </span><span class=\"ws50\">as c<span class=\"_ _2\"></span>ollate<span class=\"_ _2\"></span>ral.<span class=\"_ _2\"></span> The <span class=\"_ _2\"></span>facili<span class=\"_ _2\"></span>ty <span class=\"_ _2\"></span>agre<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span> is </span></span></span>with K<span class=\"_ _2\"></span>FW I<span class=\"_ _2\"></span>PEX<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls4b wsa7\">BA<span class=\"_ _2\"></span>NK G<span class=\"ls72 wsce\">mb<span class=\"ls30 ws50\">H f<span class=\"_ _2\"></span>or <span class=\"_ _2\"></span>six yea<span class=\"_ _2\"></span>rs. T<span class=\"_ _2\"></span>here<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> eigh<span class=\"_ _2\"></span>t eq<span class=\"_ _2\"></span>ual p<span class=\"_ _2\"></span>ayment<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>6.25% of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> tot<span class=\"_ _2\"></span>al </span></span></span></span>comm<span class=\"_ _2\"></span>itment<span class=\"_ _2\"></span> begi<span class=\"_ _2\"></span>nning<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> 2023<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls2f ws70\">with a fin<span class=\"_ _2\"></span>al balloon <span class=\"_ _2\"></span>obligation of <span class=\"_ _2\"></span>$32.5 millio<span class=\"_ _2\"></span>n.<span class=\"ls1 ws0\"> </span></span></span>In July<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">2019, <span class=\"_ _2\"></span>Stolthaven New O<span class=\"_ _2\"></span>rleans LLC i<span class=\"_ _2\"></span>ssued $200.0<span class=\"_ _2\"></span> million <span class=\"_ _2\"></span></span>s</span><span class=\"ws52\">enior <span class=\"ls1 ws0\">s<span class=\"ls2f ws4e\">ecured <span class=\"_ _1\"></span><span class=\"ls1 ws0\">n<span class=\"ls30 ws50\">otes w<span class=\"_ _2\"></span>ith <span class=\"_ _2\"></span>a gro<span class=\"_ _2\"></span>up<span class=\"_ _2\"></span> </span></span></span></span></span>of private in<span class=\"_ _2\"></span>vestors. The p<span class=\"_ _2\"></span>rivate <span class=\"_ _2\"></span>placement has a<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws4e\">ten<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2f ws70\">year<span class=\"_ _2\"></span> term a<span class=\"_ _2\"></span>t a fixed i<span class=\"_ _2\"></span>nterest rate <span class=\"_ _2\"></span>of 5.15% a<span class=\"_ _2\"></span>nd </span></span></span>is sec<span class=\"_ _2\"></span>ured<span class=\"_ _2\"></span> by t<span class=\"_ _2\"></span>he t<span class=\"_ _2\"></span>ermi<span class=\"_ _2\"></span>nal i<span class=\"_ _2\"></span>n Br<span class=\"_ _2\"></span>aithwai<span class=\"_ _2\"></span>te<span class=\"_ _2\"></span>, <span class=\"ls4f ws7c\">US</span>. P<span class=\"_ _2\"></span>roceeds<span class=\"_ _2\"></span> wer<span class=\"_ _2\"></span>e used<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>r ge<span class=\"_ _2\"></span>neral<span class=\"_ _2\"></span> corp<span class=\"_ _2\"></span>orate<span class=\"_ _2\"></span> purp<span class=\"_ _2\"></span>oses.<span class=\"_ _195\"> </span>(i<span class=\"ls1 ws0\">v<span class=\"ls46 ws6f\">) <span class=\"_ _1\"></span><span class=\"ws92\">Se<span class=\"_ _2\"></span>ni<span class=\"_ _2\"></span>or un<span class=\"_ _2\"></span>secu<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>d bon<span class=\"_ _2\"></span>d iss<span class=\"_ _2\"></span>ue<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span>On Oc<span class=\"_ _2\"></span>tobe<span class=\"_ _2\"></span>r 22, 2<span class=\"_ _2\"></span>025<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up c<span class=\"_ _2\"></span>omplet<span class=\"_ _2\"></span>ed a p<span class=\"_ _2\"></span>lacem<span class=\"_ _2\"></span>ent <span class=\"_ _2\"></span>of a<span class=\"_ _2\"></span> se<span class=\"_ _2\"></span>nior <span class=\"_ _2\"></span>unsecu<span class=\"_ _2\"></span>red<span class=\"_ _2\"></span> bond<span class=\"_ _2\"></span> issue<span class=\"_ _2\"></span> of NOK<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">1.5 billion <span class=\"_ _2\"></span>(swapped into $<span class=\"_ _2\"></span>150.0 millio<span class=\"_ _2\"></span>n) in a <span class=\"_ _2\"></span>new five<span class=\"_ _2\"></span></span>-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">ye<span class=\"_ _2\"></span>ar b<span class=\"_ _2\"></span>ond <span class=\"_ _2\"></span>issue<span class=\"_ _2\"></span>, c<span class=\"_ _2\"></span>arrying<span class=\"_ _2\"></span> a c<span class=\"_ _2\"></span>oupo<span class=\"_ _2\"></span>n of<span class=\"_ _2\"></span> </span></span>three<span class=\"ls1 ws0\">-</span><span class=\"ws50\">mon<span class=\"_ _2\"></span>th NIB<span class=\"_ _2\"></span>OR pl<span class=\"_ _2\"></span>us 2.<span class=\"_ _2\"></span>25%. <span class=\"_ _2\"></span>The <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> sw<span class=\"_ _2\"></span>apped t<span class=\"_ _2\"></span>he b<span class=\"_ _2\"></span>ond p<span class=\"_ _2\"></span>rocee<span class=\"_ _2\"></span>ds int<span class=\"_ _2\"></span>o a <span class=\"_ _2\"></span>US d<span class=\"_ _2\"></span>ollar<span class=\"_ _2\"></span> obli<span class=\"_ _2\"></span>gati<span class=\"_ _2\"></span>on </span>at a fixed <span class=\"_ _2\"></span>interest r<span class=\"_ _2\"></span>ate of 5.93%. <span class=\"_ _2\"></span>The proceeds we<span class=\"_ _2\"></span>re used fo<span class=\"_ _2\"></span>r genera<span class=\"ls30 ws50\">l<span class=\"_ _2\"></span> corp<span class=\"_ _2\"></span>ora<span class=\"_ _2\"></span>te purp<span class=\"_ _2\"></span>oses<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></span>On November <span class=\"_ _1\"></span>27, 2023, the Group <span class=\"ls30 ws4f\">issued an ad<span class=\"_ _2\"></span>diti<span class=\"_ _2\"></span>onal<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">NOK 325<span class=\"_ _2\"></span> million (sw<span class=\"_ _2\"></span>apped into $3<span class=\"_ _2\"></span></span>0.<span class=\"_ _1\"></span>5 </span></span>million<span class=\"ls1 ws0\">) <span class=\"_ _1\"></span><span class=\"ls31 ws51\">on the 2023 Bond<span class=\"ls30 ws50\">.<span class=\"_ _2\"></span> The <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> sw<span class=\"_ _2\"></span>apped <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> bond p<span class=\"_ _2\"></span>roce<span class=\"_ _2\"></span>eds i<span class=\"_ _2\"></span>nto<span class=\"_ _2\"></span> a US<span class=\"_ _2\"></span> doll<span class=\"_ _2\"></span>ar ob<span class=\"_ _2\"></span>liga<span class=\"_ _2\"></span>tion <span class=\"_ _2\"></span>at <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span>a fixed i<span class=\"_ _2\"></span>nterest of 7.81<span class=\"_ _2\"></span>%. Net p<span class=\"_ _2\"></span>roceeds were f<span class=\"_ _2\"></span>or general c<span class=\"_ _2\"></span>orporate pu<span class=\"_ _2\"></span>rposes. The <span class=\"ls30 ws50\">b<span class=\"_ _2\"></span>ond p<span class=\"_ _2\"></span>roce<span class=\"_ _2\"></span>eds </span>were received<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">in the<span class=\"_ _2\"></span> firs<span class=\"_ _2\"></span>t qua<span class=\"_ _2\"></span>rter<span class=\"_ _2\"></span> of 2<span class=\"_ _2\"></span>024</span>. </span>On Sep<span class=\"_ _2\"></span>tembe<span class=\"_ _2\"></span>r 12<span class=\"_ _2\"></span>, 2023<span class=\"_ _2\"></span>, <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Group co<span class=\"_ _2\"></span>mple<span class=\"_ _2\"></span>ted <span class=\"_ _2\"></span>a plac<span class=\"_ _2\"></span>emen<span class=\"_ _2\"></span>t of<span class=\"_ _2\"></span> seni<span class=\"_ _2\"></span>or <span class=\"_ _2\"></span>unsecu<span class=\"_ _2\"></span>red b<span class=\"_ _2\"></span>onds<span class=\"_ _2\"></span> <span class=\"ls31 ws81\">(2023 Bond) </span>for NOK 1.2 bil<span class=\"_ _2\"></span>lion (swapped<span class=\"_ _2\"></span> into<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">$112.4<span class=\"_ _2\"></span> million) in<span class=\"_ _2\"></span> a new fi<span class=\"_ _2\"></span>ve<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">y<span class=\"_ _2\"></span>ear b<span class=\"_ _2\"></span>ond<span class=\"_ _2\"></span> iss<span class=\"_ _2\"></span>ue, c<span class=\"_ _2\"></span>arryi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span>a coupo<span class=\"_ _2\"></span>n of three<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls31 ws51\">month NIBOR plus 3.15%. The Group swapped the bond proceeds into a US </span></span>dollar obligatio<span class=\"_ _2\"></span>n at a fixed<span class=\"_ _2\"></span> interes<span class=\"_ _2\"></span>t of 7.82<span class=\"_ _2\"></span>%. Net proceed<span class=\"_ _2\"></span>s from the bond<span class=\"_ _2\"></span> issue we<span class=\"_ _2\"></span>re used to repurchase $60.0<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">million of<span class=\"_ _2\"></span> the <span class=\"ls31 ws51\">$141.5 million<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">bonds<span class=\"_ _2\"></span></span>, <span class=\"_ _1\"></span><span class=\"ls30 ws52\">whic<span class=\"_ _2\"></span>h <span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>ature<span class=\"_ _2\"></span>d<span class=\"ls1 ws0\"> o<span class=\"_ _1\"></span>n <span class=\"_ _1\"></span><span class=\"ls31 ws51\">February 20, 2024, <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span></span></span></span>and fo<span class=\"_ _2\"></span>r ge<span class=\"_ _2\"></span>neral<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>rporate<span class=\"_ _2\"></span> pu<span class=\"_ _2\"></span>rpose<span class=\"_ _2\"></span>s.<span class=\"ls1 ws0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRepurchaseAndReverseRepurchaseAgreementsExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-683": {
   "value": "Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span>(i<span class=\"ls46 ws92\">) De<span class=\"_ _2\"></span>fine<span class=\"_ _2\"></span>d c<span class=\"_ _2\"></span>ont<span class=\"_ _2\"></span>ribu<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>on pl<span class=\"_ _2\"></span>ans<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>Obl<span class=\"_ _2\"></span>igati<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span> cont<span class=\"_ _2\"></span>rib<span class=\"_ _2\"></span>utio<span class=\"_ _2\"></span>ns to<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>efine<span class=\"_ _2\"></span>d co<span class=\"_ _2\"></span>ntri<span class=\"_ _2\"></span>but<span class=\"_ _2\"></span>ion p<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>sion p<span class=\"_ _2\"></span>la<span class=\"_ _2\"></span>ns are<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>og<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d as<span class=\"_ _2\"></span> an <span class=\"_ _2\"></span>expe<span class=\"_ _2\"></span>nse <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>in t<span class=\"_ _2\"></span>he inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent a<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>ncurr<span class=\"_ _2\"></span>ed.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Group <span class=\"_ _2\"></span>has<span class=\"_ _2\"></span> no f<span class=\"_ _2\"></span>urth<span class=\"_ _2\"></span>er p<span class=\"_ _2\"></span>aym<span class=\"_ _2\"></span>ent ob<span class=\"_ _2\"></span>lig<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>ns o<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> contributions have been paid.<span class=\"ls1 ws0\"> </span>(ii) Def<span class=\"_ _1\"></span>ined benefit plans and other<span class=\"_ _1\"></span> post<span class=\"ls1 ws0\">-</span><span class=\"ws86\">emplo<span class=\"_ _1\"></span>yment benefits<span class=\"ls1 ws0\"> </span></span>Th<span class=\"_ _1\"></span>e Gro<span class=\"_ _1\"></span>up\u2019s<span class=\"_ _1\"></span> net ob<span class=\"_ _1\"></span>lig<span class=\"_ _1\"></span>ation<span class=\"_ _1\"></span> in r<span class=\"_ _1\"></span>espec<span class=\"_ _1\"></span>t of d<span class=\"_ _1\"></span>efi<span class=\"_ _1\"></span>ned be<span class=\"_ _1\"></span>nef<span class=\"_ _1\"></span>it pen<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>n plan<span class=\"_ _1\"></span>s an<span class=\"_ _1\"></span>d othe<span class=\"_ _1\"></span>r po<span class=\"_ _1\"></span>st<span class=\"ff1b9 ls1 ws0\">-<span class=\"ls48 ws72\">employment </span></span>benef<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>s is c<span class=\"_ _2\"></span>alc<span class=\"_ _2\"></span>ulat<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>sep<span class=\"_ _2\"></span>arate<span class=\"_ _2\"></span>ly f<span class=\"_ _2\"></span>or e<span class=\"_ _2\"></span>ach p<span class=\"_ _2\"></span>lan<span class=\"_ _2\"></span> by e<span class=\"_ _2\"></span>sti<span class=\"_ _2\"></span>mati<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>he a<span class=\"_ _2\"></span>mount<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> fut<span class=\"_ _2\"></span>ure b<span class=\"_ _2\"></span>enef<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> employees<span class=\"_ _2\"></span> have ear<span class=\"_ _2\"></span>ned i<span class=\"_ _2\"></span>n return <span class=\"_ _2\"></span>for their <span class=\"_ _2\"></span>service<span class=\"_ _2\"></span> in the c<span class=\"_ _2\"></span>urren<span class=\"ls54 ws70\">t<span class=\"_ _2\"></span> and prior periods; that benefit is </span>disco<span class=\"_ _2\"></span>unt<span class=\"_ _2\"></span>ed t<span class=\"_ _2\"></span>o de<span class=\"_ _2\"></span>ter<span class=\"_ _2\"></span>mine<span class=\"_ _2\"></span> its<span class=\"_ _2\"></span> pre<span class=\"_ _2\"></span>sent <span class=\"_ _2\"></span>val<span class=\"_ _2\"></span>ue, <span class=\"_ _2\"></span>and t<span class=\"_ _2\"></span>he f<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue o<span class=\"_ _2\"></span>f an<span class=\"_ _2\"></span>y p<span class=\"_ _2\"></span>lan a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span>s (at<span class=\"_ _2\"></span> bi<span class=\"_ _2\"></span>d pri<span class=\"_ _2\"></span>ce)<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>is deducted. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The liability discount rate for each plan is ba<span class=\"_ _2\"></span>sed on the yield curve of a<span class=\"_ _2\"></span> portfolio of high<span class=\"ls1 ws0\">-</span><span class=\"ws83\">quality </span>corpo<span class=\"_ _2\"></span>rate<span class=\"_ _2\"></span> bo<span class=\"_ _2\"></span>nds t<span class=\"_ _2\"></span>hat<span class=\"_ _2\"></span> ha<span class=\"_ _2\"></span>ve mat<span class=\"_ _2\"></span>uri<span class=\"_ _2\"></span>ty d<span class=\"_ _2\"></span>ates<span class=\"_ _2\"></span> whi<span class=\"_ _2\"></span>ch <span class=\"_ _2\"></span>are<span class=\"_ _2\"></span> appr<span class=\"_ _2\"></span>oxim<span class=\"_ _2\"></span>atel<span class=\"_ _2\"></span>y <span class=\"_ _2\"></span>the s<span class=\"_ _2\"></span>ame <span class=\"_ _2\"></span>as t<span class=\"_ _2\"></span>he t<span class=\"_ _2\"></span>erm<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> the respective plans<span class=\"ff1ba ls1 ws0\">\u2019<span class=\"ff1b9\"> <span class=\"_ _1\"></span><span class=\"ls54 ws70\">obligations. The calculation is performed by a<span class=\"_ _2\"></span> qualified actuary using the pr<span class=\"_ _2\"></span>ojected </span></span></span>unit credit<span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">method<span class=\"_ _2\"></span>. </span> </span>The curre<span class=\"_ _2\"></span>nt ser<span class=\"_ _2\"></span>vice cost <span class=\"_ _2\"></span>of the de<span class=\"_ _2\"></span>fined b<span class=\"_ _2\"></span>enefit pl<span class=\"_ _2\"></span>an, rec<span class=\"_ _2\"></span>ognised i<span class=\"_ _2\"></span>n the i<span class=\"_ _2\"></span>ncome st<span class=\"_ _2\"></span>atement i<span class=\"_ _2\"></span>n empl<span class=\"_ _2\"></span>oyee benefit expense, reflects the increase in t<span class=\"_ _2\"></span>he defined benefit obligation resulting from employees\u2019 servi<span class=\"_ _2\"></span>ce i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>nt ye<span class=\"_ _2\"></span>ar,<span class=\"_ _2\"></span> be<span class=\"_ _2\"></span>nefit<span class=\"_ _2\"></span> ch<span class=\"_ _2\"></span>anges<span class=\"_ _2\"></span>, c<span class=\"_ _2\"></span>urtai<span class=\"_ _2\"></span>lm<span class=\"_ _2\"></span>en<span class=\"ls30 ws73\">ts a<span class=\"_ _2\"></span>nd settl<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span>s.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>When the b<span class=\"_ _2\"></span>enefit<span class=\"_ _2\"></span>s of a pl<span class=\"_ _2\"></span>an are i<span class=\"_ _2\"></span>ncrea<span class=\"_ _2\"></span>sed, the<span class=\"_ _2\"></span> increased<span class=\"_ _2\"></span> benefit<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>ating to pa<span class=\"_ _2\"></span>st ser<span class=\"_ _2\"></span>vice by<span class=\"_ _2\"></span> employee<span class=\"_ _2\"></span>s is re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d as<span class=\"_ _2\"></span> an <span class=\"_ _2\"></span>expe<span class=\"_ _2\"></span>nse i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>ncom<span class=\"_ _2\"></span>e st<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> imm<span class=\"_ _2\"></span>edia<span class=\"_ _2\"></span>tely<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Th<span class=\"_ _1\"></span>e ne<span class=\"_ _1\"></span>t inte<span class=\"_ _1\"></span>rest<span class=\"_ _1\"></span> cos<span class=\"_ _1\"></span>t is cal<span class=\"_ _1\"></span>cula<span class=\"_ _1\"></span>ted b<span class=\"_ _1\"></span>y app<span class=\"_ _1\"></span>lyin<span class=\"_ _1\"></span>g the d<span class=\"_ _1\"></span>isco<span class=\"_ _1\"></span>un<span class=\"_ _1\"></span>t rate<span class=\"_ _1\"></span> to the<span class=\"_ _1\"></span> net b<span class=\"_ _1\"></span>alan<span class=\"_ _1\"></span>ce of<span class=\"_ _1\"></span> the de<span class=\"_ _1\"></span>fine<span class=\"_ _1\"></span>d benef<span class=\"_ _2\"></span>it obl<span class=\"_ _2\"></span>ig<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n and t<span class=\"_ _2\"></span>he fair<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue of<span class=\"ls1 ws0\"> <span class=\"ls30 wsab\">plan<span class=\"_ _2\"></span> asset<span class=\"_ _2\"></span>s. T<span class=\"_ _2\"></span>his</span> <span class=\"ls48 ws32\">cost i<span class=\"_ _2\"></span>s included<span class=\"_ _2\"></span> in empl<span class=\"_ _2\"></span>oyee be<span class=\"_ _2\"></span>nefit exp<span class=\"_ _2\"></span>ense </span></span>in t<span class=\"_ _2\"></span>he inc<span class=\"_ _2\"></span>ome<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Actu<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>al gain<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> losse<span class=\"_ _2\"></span>s aris<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> from ex<span class=\"_ _2\"></span>peri<span class=\"_ _2\"></span>enc<span class=\"_ _2\"></span>e adj<span class=\"_ _2\"></span>ustm<span class=\"_ _2\"></span>ents a<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span> change<span class=\"_ _2\"></span>s in ac<span class=\"_ _2\"></span>tuari<span class=\"_ _2\"></span>al assumptio<span class=\"_ _2\"></span>ns are c<span class=\"_ _2\"></span>harged or<span class=\"_ _2\"></span> credit<span class=\"_ _2\"></span>ed to equit<span class=\"_ _2\"></span>y in<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span>o<span class=\"ls73 wsb6\">th<span class=\"_ _1\"></span>er com<span class=\"_ _1\"></span>preh<span class=\"_ _1\"></span>ensi<span class=\"_ _1\"></span>ve in<span class=\"_ _1\"></span>come<span class=\"_ _1\"></span> in th<span class=\"_ _1\"></span>e per<span class=\"_ _1\"></span>iod in<span class=\"_ _1\"></span> whi<span class=\"_ _1\"></span>ch </span></span>they arise.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Where the calculation re<span class=\"_ _2\"></span>sults in a <span class=\"_ _2\"></span>benefit to the Group, <span class=\"_ _2\"></span>the asset recognised<span class=\"_ _2\"></span> is limited to th<span class=\"_ _2\"></span>e present value<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>any f<span class=\"_ _2\"></span>utu<span class=\"_ _2\"></span>re r<span class=\"_ _2\"></span>efu<span class=\"_ _2\"></span>nds f<span class=\"_ _2\"></span>rom<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls49 wsaa\">pl<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n or r<span class=\"_ _2\"></span>educt<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>ns i<span class=\"_ _2\"></span>n fut<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntrib<span class=\"_ _2\"></span>uti<span class=\"_ _2\"></span>ons t<span class=\"_ _2\"></span>o th<span class=\"_ _2\"></span>e pl<span class=\"_ _2\"></span>an.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span>Gains<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>sses <span class=\"_ _2\"></span>on t<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>urt<span class=\"_ _2\"></span>ailm<span class=\"_ _2\"></span>ent <span class=\"_ _2\"></span>or s<span class=\"_ _2\"></span>ettl<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> a d<span class=\"_ _2\"></span>efi<span class=\"_ _2\"></span>ned b<span class=\"_ _2\"></span>enef<span class=\"_ _2\"></span>it p<span class=\"_ _2\"></span>la<span class=\"_ _2\"></span>n are<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>recog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d at<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span>the ti<span class=\"_ _2\"></span>me t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> curt<span class=\"_ _2\"></span>ail<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> or s<span class=\"_ _2\"></span>ettl<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nt oc<span class=\"_ _2\"></span>cur<span class=\"_ _2\"></span>s. A<span class=\"_ _2\"></span> cur<span class=\"_ _2\"></span>tail<span class=\"_ _2\"></span>me<span class=\"_ _2\"></span>nt oc<span class=\"_ _2\"></span>cur<span class=\"_ _2\"></span>s whe<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup<span class=\"_ _2\"></span> adop<span class=\"_ _2\"></span>ts <span class=\"_ _2\"></span>a signi<span class=\"_ _2\"></span>fic<span class=\"_ _2\"></span>ant r<span class=\"_ _2\"></span>educ<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>on i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> num<span class=\"_ _2\"></span>ber<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>emplo<span class=\"_ _2\"></span>yee<span class=\"_ _2\"></span>s c<span class=\"_ _2\"></span>overe<span class=\"_ _2\"></span>d by<span class=\"_ _2\"></span> a pl<span class=\"_ _2\"></span>an <span class=\"_ _2\"></span>or c<span class=\"_ _2\"></span>hang<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls48 ws7d\">term<span class=\"_ _2\"></span>s of a defined </span></span>benefit plan such <span class=\"_ _1\"></span>that<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">a sig<span class=\"_ _2\"></span>nif<span class=\"_ _2\"></span>ica<span class=\"_ _2\"></span>nt par<span class=\"_ _2\"></span>t of<span class=\"_ _2\"></span> f<span class=\"_ _2\"></span>utur<span class=\"_ _2\"></span>e ea<span class=\"_ _2\"></span>rni<span class=\"_ _2\"></span>ngs t<span class=\"_ _2\"></span>o c<span class=\"_ _2\"></span>urre<span class=\"_ _2\"></span>nt em<span class=\"_ _2\"></span>plo<span class=\"_ _2\"></span>yee<span class=\"_ _2\"></span>s wil<span class=\"_ _2\"></span>l no<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>nger<span class=\"_ _2\"></span> quali<span class=\"_ _2\"></span>fy<span class=\"_ _2\"></span> </span></span>for be<span class=\"_ _2\"></span>nefits<span class=\"_ _2\"></span> or<span class=\"ls1\"> <span class=\"ls54 ws70\">will qualify only for reduced benefits.</span> </span>(iii<span class=\"_ _2\"></span>) Shor<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\">-</span><span class=\"ws6f\">term <span class=\"ls4a ws76\">and<span class=\"ls1 ws0\"> </span>long<span class=\"ls1 ws0\">-</span></span><span class=\"ws92\">term<span class=\"_ _2\"></span> cas<span class=\"_ _2\"></span>h<span class=\"ls1 ws0\">-<span class=\"ls4b ws75\">based be<span class=\"_ _2\"></span>nefi<span class=\"_ _2\"></span>ts</span> </span></span></span>Short<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls49 ws7c\">term empl<span class=\"_ _2\"></span>oyee<span class=\"_ _2\"></span> bene<span class=\"_ _2\"></span>fit ob<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>gati<span class=\"_ _2\"></span>ons ar<span class=\"_ _2\"></span>e mea<span class=\"_ _2\"></span>sured<span class=\"_ _2\"></span> on an<span class=\"_ _2\"></span> undisc<span class=\"_ _2\"></span>oun<span class=\"_ _2\"></span>ted ba<span class=\"_ _2\"></span>sis<span class=\"_ _2\"></span></span>, <span class=\"_ _1\"></span><span class=\"ls54 ws70\">while long<span class=\"ls1 ws0\">-<span class=\"ls48 ws72\">term </span></span></span></span>cash<span class=\"ls1 ws0\">-<span class=\"ls48 ws32\">based<span class=\"_ _2\"></span> employee<span class=\"_ _2\"></span> benefit <span class=\"_ _2\"></span>obli<span class=\"_ _2\"></span>gations <span class=\"_ _2\"></span>are disc<span class=\"_ _2\"></span>ounted b<span class=\"_ _2\"></span>ased on <span class=\"_ _2\"></span>expected pa<span class=\"_ _2\"></span>yment d<span class=\"_ _2\"></span>ate. They<span class=\"_ _2\"></span> are </span></span>expensed in the period in which t<span class=\"_ _2\"></span>he related service is provided. An<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">accr<span class=\"_ _2\"></span>ual i<span class=\"_ _2\"></span>s re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d for<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e </span></span>amount expected to<span class=\"_ _2\"></span> be paid u<span class=\"_ _2\"></span>nder short<span class=\"ls1 ws0\">-<span class=\"ls57 wsad\">te<span class=\"_ _1\"></span>rm cash<span class=\"_ _1\"></span> bonus<span class=\"_ _1\"></span> or pro<span class=\"_ _1\"></span>fit<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls49 wsaa\">sh<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>ng pl<span class=\"_ _2\"></span>ans i<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> has<span class=\"_ _2\"></span> </span></span></span></span>a<span class=\"_ _1\"></span> <span class=\"ls49 wsaa\">prese<span class=\"_ _2\"></span>nt l<span class=\"_ _2\"></span>egal<span class=\"_ _2\"></span> or<span class=\"_ _2\"></span> con<span class=\"_ _2\"></span>str<span class=\"_ _2\"></span>ucti<span class=\"_ _2\"></span>ve o<span class=\"_ _2\"></span>bl<span class=\"_ _2\"></span>igati<span class=\"_ _2\"></span>on t<span class=\"_ _2\"></span>o p<span class=\"_ _2\"></span>ay thi<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nt as<span class=\"_ _2\"></span></span> <span class=\"ls54 ws70\">a result of past service provided by </span>the employee<span class=\"_ _2\"></span>s and the obl<span class=\"ls61 wsac\">igation ca<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls48 ws32\">b<span class=\"_ _2\"></span>e estim<span class=\"_ _2\"></span>ated reli<span class=\"_ _2\"></span>ably.<span class=\"ls1 ws0\"> </span></span></span></span>At Novemb<span class=\"_ _2\"></span>er 30, 2<span class=\"_ _2\"></span>0<span class=\"ls54 ws83\">25</span>, the G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> operated<span class=\"_ _2\"></span> a number<span class=\"_ _2\"></span> of pe<span class=\"_ _2\"></span>nsion pl<span class=\"_ _2\"></span>ans for t<span class=\"_ _2\"></span>he ben<span class=\"_ _2\"></span>efit of<span class=\"_ _2\"></span> its empl<span class=\"_ _2\"></span>oyees thro<span class=\"_ _2\"></span>ugho<span class=\"_ _2\"></span>ut t<span class=\"_ _2\"></span>he w<span class=\"_ _2\"></span>orld<span class=\"_ _2\"></span>, wi<span class=\"_ _2\"></span>th v<span class=\"_ _2\"></span>aryi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> right<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd <span class=\"_ _2\"></span>oblig<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ons <span class=\"_ _2\"></span>depe<span class=\"_ _2\"></span>ndi<span class=\"_ _2\"></span>ng o<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he co<span class=\"_ _2\"></span>ndit<span class=\"_ _2\"></span>ions<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> pr<span class=\"_ _2\"></span>acti<span class=\"_ _2\"></span>ces<span class=\"_ _2\"></span> in the specific countries. The Group\u2019s pension pl<span class=\"_ _2\"></span>ans are provided through bo<span class=\"ff1b9 ls49 wsaa\">th d<span class=\"_ _2\"></span>ef<span class=\"_ _2\"></span>ined<span class=\"_ _2\"></span> bene<span class=\"_ _2\"></span>fit<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> </span>defi<span class=\"_ _2\"></span>ned c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>ib<span class=\"_ _2\"></span>utio<span class=\"_ _2\"></span>n arr<span class=\"_ _2\"></span>ang<span class=\"_ _2\"></span>ement<span class=\"_ _2\"></span>s. T<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span>se pl<span class=\"_ _2\"></span>ans<span class=\"_ _2\"></span> are r<span class=\"_ _2\"></span>egul<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>d by<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e re<span class=\"_ _2\"></span>spect<span class=\"_ _2\"></span>ive<span class=\"_ _2\"></span> reg<span class=\"_ _2\"></span>ulat<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>s in e<span class=\"_ _2\"></span>ach <span class=\"_ _2\"></span>of the count<span class=\"_ _2\"></span>ries wher<span class=\"_ _2\"></span>e they<span class=\"_ _2\"></span> are set <span class=\"_ _2\"></span>up.<span class=\"ls1 ws0\"> </span>The G<span class=\"_ _2\"></span>roup<span class=\"_ _2\"></span> oper<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>s d<span class=\"_ _2\"></span>efin<span class=\"_ _2\"></span>ed be<span class=\"_ _2\"></span>ne<span class=\"_ _2\"></span>fit p<span class=\"_ _2\"></span>lans<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> the U<span class=\"_ _2\"></span>nite<span class=\"_ _2\"></span>d S<span class=\"_ _2\"></span>tate<span class=\"_ _2\"></span>s, t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>Unit<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>Kingd<span class=\"_ _2\"></span>om,<span class=\"_ _2\"></span> Berm<span class=\"_ _2\"></span>ud<span class=\"_ _2\"></span>a, <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>the Net<span class=\"_ _2\"></span>herlands, N<span class=\"_ _2\"></span>orway,<span class=\"_ _2\"></span> the Phili<span class=\"_ _2\"></span>ppine<span class=\"_ _2\"></span>s and<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">Japan<span class=\"_ _2\"></span>. O<span class=\"_ _2\"></span>ne</span> </span>of the d<span class=\"_ _2\"></span>efined ben<span class=\"_ _2\"></span>efit pl<span class=\"_ _2\"></span>ans cover<span class=\"_ _2\"></span>s <span class=\"ls1 ws0\"> </span>certain ship officers and other seafarers<span class=\"ls1 ws0\">, <span class=\"ls4b ws71\">while the ot<span class=\"_ _2\"></span>her<span class=\"_ _2\"></span>s are for<span class=\"_ _2\"></span> shor<span class=\"_ _2\"></span>e</span>-<span class=\"ls48 ws32\">based employ<span class=\"_ _2\"></span>ees.</span> </span>Company<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws73\">sp<span class=\"_ _2\"></span>onso<span class=\"_ _2\"></span>red d<span class=\"ls54 ws70\">efined contribution pension pla<span class=\"_ _2\"></span>ns are currently provided in all of the <span class=\"_ _2\"></span>above </span></span></span>count<span class=\"_ _2\"></span>rie<span class=\"_ _2\"></span>s a<span class=\"_ _2\"></span>nd Sp<span class=\"_ _2\"></span>ain.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws7c\">Group a<span class=\"_ _2\"></span>lso ope<span class=\"_ _2\"></span>rate<span class=\"_ _2\"></span>s an unf<span class=\"_ _2\"></span>un<span class=\"_ _2\"></span>ded p<span class=\"_ _2\"></span>ost<span class=\"ls1 ws0\">-<span class=\"ls54 ws70\">retirement medical plan in the </span></span></span>Unit<span class=\"_ _2\"></span>ed<span class=\"ls1 ws0\"> </span>State<span class=\"_ _2\"></span>s.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Defined be<span class=\"_ _2\"></span>nefit pl<span class=\"_ _2\"></span>ans pro<span class=\"_ _2\"></span>vide be<span class=\"_ _2\"></span>nefits b<span class=\"_ _2\"></span>ased on<span class=\"_ _2\"></span> the empl<span class=\"_ _2\"></span>oyees\u2019 l<span class=\"_ _2\"></span>ength of<span class=\"_ _2\"></span> pension<span class=\"_ _2\"></span>able servi<span class=\"_ _2\"></span>ce a<span class=\"_ _2\"></span>nd their final pensionable salary or other criteria. Defined c<span class=\"_ _2\"></span>ontribution plans offer employees individual fund<span class=\"_ _2\"></span>s th<span class=\"_ _2\"></span>at ar<span class=\"_ _2\"></span>e c<span class=\"_ _2\"></span>onve<span class=\"_ _2\"></span>rted<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>o b<span class=\"_ _2\"></span>enef<span class=\"_ _2\"></span>its <span class=\"_ _2\"></span>at t<span class=\"_ _2\"></span>he ti<span class=\"_ _2\"></span>me o<span class=\"_ _2\"></span>f r<span class=\"_ _2\"></span><span class=\"ls48 ws72\">etirement.<span class=\"_ _195\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-587": {
   "value": "<div class=\"t m0 ha6 ff1b8 fs3c fcb sc0 ls89 wse0 gs5cc\">Defined bene<span class=\"_ _2\"></span>fit plans<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1bb fs39 fc2 sc0 ls2f ws70 gs5cd\">The Group\u2019s sig<span class=\"_ _2\"></span>nificant def<span class=\"_ _2\"></span>ined benefit<span class=\"_ _2\"></span> pension pl<span class=\"_ _2\"></span>ans are in <span class=\"_ _2\"></span>the U<span class=\"_ _2\"></span>nited States, Be<span class=\"_ _2\"></span>rmuda, the </div><div class=\"t m0 h98 ff1bc fs39 fc2 sc0 ls30 ws50 gs5ce\">Netherl<span class=\"_ _2\"></span>and<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> United<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>Kingdo<span class=\"_ _2\"></span>m. <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1bc fs39 fc2 sc0 ls2f ws4e gs5cf\">The <span class=\"_ _1\"></span><span class=\"ls1 ws0\">p<span class=\"ls30 ws52\">ensi<span class=\"_ _2\"></span>on </span>c<span class=\"_ _1\"></span><span class=\"ls2f ws70\">ommit<span class=\"_ _2\"></span>tees participate <span class=\"_ _2\"></span>in the g<span class=\"_ _2\"></span>overnance of e<span class=\"_ _2\"></span>ach of t<span class=\"_ _2\"></span>he significant<span class=\"_ _2\"></span> defined benefi<span class=\"_ _2\"></span>t </span></span></div><div class=\"t m0 h98 ff1bc fs39 fc2 sc0 ls30 ws50 gs5d0\">pensio<span class=\"_ _2\"></span>n pl<span class=\"_ _2\"></span>ans.<span class=\"_ _2\"></span> These<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">p</span><span class=\"ws52\">ension<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">c<span class=\"_ _1\"></span><span class=\"ls2f ws4e\">ommittees <span class=\"ws70\">comprise repr<span class=\"_ _2\"></span>esentatives w<span class=\"_ _2\"></span>ho are employees<span class=\"_ _2\"></span> and </span></span></span></span></div><div class=\"t m0 h98 ff1bc fs39 fc2 sc0 ls30 ws4f gs5d1\">forme<span class=\"_ _2\"></span>r employe<span class=\"_ _2\"></span>es.<span class=\"_ _2\"></span> In additi<span class=\"_ _2\"></span>on, a<span class=\"_ _2\"></span>ctuari<span class=\"_ _2\"></span>al advi<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\">e</span><span class=\"ws50\">rs and<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>nvestm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> manag<span class=\"_ _2\"></span>emen<span class=\"_ _2\"></span>t advi<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\">e</span></span>rs also </div><div class=\"t m0 h98 ff1bc fs39 fc2 sc0 ls30 ws50 gs5d2\">parti<span class=\"_ _2\"></span>cipa<span class=\"_ _2\"></span>te in <span class=\"_ _2\"></span>the<span class=\"ls1 ws0\"> p<span class=\"_ _1\"></span><span class=\"ls30 ws52\">e<span class=\"_ _2\"></span>nsio<span class=\"_ _2\"></span>n <span class=\"_ _1\"></span><span class=\"ls1 ws0\">c<span class=\"ls53 ws80\">omm<span class=\"_ _2\"></span>ittee<span class=\"_ _2\"></span> <span class=\"ls2f ws70\">meetings. The </span></span>p<span class=\"ls30 ws52\">ensio<span class=\"_ _2\"></span>n <span class=\"_ _1\"></span><span class=\"ls1 ws0\">c<span class=\"ls2f ws4e\">omm<span class=\"_ _2\"></span>ittees <span class=\"ls30 ws50\">for pla<span class=\"_ _2\"></span>ns act<span class=\"_ _2\"></span> in <span class=\"_ _2\"></span>the b<span class=\"_ _2\"></span>est </span></span></span></span></span></span></span></div><div class=\"t m0 h98 ff1bc fs39 fc2 sc0 ls2f ws70 gs5d3\">interest of <span class=\"_ _2\"></span>the plan par<span class=\"_ _2\"></span>ticipants a<span class=\"_ _2\"></span>nd are respo<span class=\"_ _2\"></span>nsible for <span class=\"_ _2\"></span>setting certai<span class=\"_ _2\"></span>n policies, suc<span class=\"_ _2\"></span>h as str<span class=\"_ _2\"></span>ategic </div><div class=\"t m0 h98 ff1bc fs39 fc2 sc0 ls30 ws50 gs5d4\">asset <span class=\"_ _2\"></span>alloc<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n, in<span class=\"_ _2\"></span>vestme<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> cont<span class=\"_ _2\"></span>ribu<span class=\"_ _2\"></span>tion p<span class=\"_ _2\"></span>olici<span class=\"_ _2\"></span>es i<span class=\"_ _2\"></span>n co<span class=\"_ _2\"></span>nsul<span class=\"_ _2\"></span>tati<span class=\"_ _2\"></span>on with<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1bc fs39 fc2 sc0 ls2f ws70 gs5d5\">The defined bene<span class=\"_ _2\"></span>fit plans ex<span class=\"_ _2\"></span>pose the <span class=\"_ _2\"></span>Group to <span class=\"_ _2\"></span>actuarial risks s<span class=\"_ _2\"></span>uch as <span class=\"_ _2\"></span>longer tha<span class=\"_ _2\"></span>n expected </div><div class=\"t m0 h98 ff1bc fs39 fc2 sc0 ls2f ws70 gs5d6\">longevity of m<span class=\"_ _2\"></span>embers, lower t<span class=\"_ _2\"></span>han expected <span class=\"_ _2\"></span>return on<span class=\"_ _2\"></span> investment<span class=\"_ _2\"></span>s and higher t<span class=\"_ _2\"></span>han expected </div><div class=\"t m0 h98 ff1bc fs39 fc2 sc0 ls2f ws70 gs5d7\">inflation, w<span class=\"_ _2\"></span>hich may increa<span class=\"_ _2\"></span>se the liabilitie<span class=\"_ _2\"></span>s or red<span class=\"_ _2\"></span>uce the val<span class=\"_ _2\"></span>ue of assets<span class=\"_ _2\"></span> <span class=\"ls30 ws50\">of t<span class=\"_ _2\"></span>he pl<span class=\"_ _2\"></span>ans.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 h98 ff1bc fs39 fc2 sc0 ls30 ws4f gs5d8\">Recog<span class=\"_ _2\"></span>nising<span class=\"_ _2\"></span> these ri<span class=\"_ _2\"></span>sks<span class=\"_ _2\"></span>, the Gro<span class=\"_ _2\"></span>up has ad<span class=\"_ _2\"></span>opted<span class=\"_ _2\"></span> an appr<span class=\"_ _2\"></span>oach of<span class=\"_ _2\"></span> moving<span class=\"_ _2\"></span> away from<span class=\"_ _2\"></span> provi<span class=\"_ _2\"></span>ding<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff1bc fs39 fc2 sc0 ls2f ws70 gs5d9\">defined benefit<span class=\"_ _2\"></span> plans. All d<span class=\"_ _2\"></span>efined benefit p<span class=\"_ _2\"></span>lans have a<span class=\"_ _2\"></span>lso been clo<span class=\"_ _2\"></span>sed to futu<span class=\"_ _2\"></span>re accrual <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1bc fs39 fc2 sc0 ls30 ws50 gs5da\">new e<span class=\"_ _2\"></span>ntrant<span class=\"_ _2\"></span>s.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _18d\"> </span></span><span class=\"ls1 ws0\"> </span></div>The Group fol<span class=\"_ _2\"></span>lows a coordi<span class=\"_ _2\"></span>nated strategy <span class=\"_ _2\"></span>for the<span class=\"_ _2\"></span> funding <span class=\"_ _2\"></span>and investment <span class=\"_ _2\"></span>of its defi<span class=\"_ _2\"></span>ned benefit pensio<span class=\"_ _2\"></span>n pl<span class=\"_ _2\"></span>ans <span class=\"_ _2\"></span>subjec<span class=\"_ _2\"></span>t to<span class=\"_ _2\"></span> <span class=\"ws4f\">abi<span class=\"_ _2\"></span>ding<span class=\"_ _2\"></span> by </span>all l<span class=\"_ _2\"></span>ocal <span class=\"_ _2\"></span>laws<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> reg<span class=\"_ _2\"></span>ulatio<span class=\"_ _2\"></span>ns <span class=\"_ _2\"></span>appli<span class=\"_ _2\"></span>cable<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span>those p<span class=\"_ _2\"></span>lan<span class=\"_ _2\"></span>s. The<span class=\"_ _2\"></span> assets<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> the pl<span class=\"_ _2\"></span>an a<span class=\"_ _2\"></span>re g<span class=\"_ _2\"></span>eneral<span class=\"_ _2\"></span>ly <span class=\"_ _2\"></span>held<span class=\"_ _2\"></span> sep<span class=\"_ _2\"></span>arately<span class=\"_ _2\"></span> fro<span class=\"_ _2\"></span>m th<span class=\"_ _2\"></span>ose of<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up a<span class=\"_ _2\"></span>nd are<span class=\"_ _2\"></span> admi<span class=\"_ _2\"></span>nist<span class=\"_ _2\"></span>ered b<span class=\"_ _2\"></span>y local management <span class=\"_ _2\"></span>in the <span class=\"_ _2\"></span>respective c<span class=\"_ _2\"></span>ountries. T<span class=\"_ _2\"></span>he Group has<span class=\"_ _2\"></span> no legal obliga<span class=\"_ _2\"></span>tion to set<span class=\"_ _2\"></span>tle these<span class=\"_ _2\"></span> l<span class=\"ls2f ws70\">ia<span class=\"_ _1\"></span>bili<span class=\"_ _2\"></span>ties with <span class=\"_ _2\"></span>any immedia<span class=\"_ _2\"></span>te contribu<span class=\"_ _2\"></span>tions or additi<span class=\"_ _2\"></span>onal one<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls30 ws50\">of<span class=\"_ _2\"></span>f co<span class=\"_ _2\"></span>ntribu<span class=\"_ _2\"></span>tions<span class=\"_ _2\"></span>. T<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup in<span class=\"_ _2\"></span>te<span class=\"_ _2\"></span>nds to<span class=\"_ _2\"></span> </span></span></span>conti<span class=\"_ _2\"></span>nue t<span class=\"_ _2\"></span>o con<span class=\"_ _2\"></span>trib<span class=\"_ _2\"></span>ute <span class=\"ls2f ws70\">t<span class=\"_ _2\"></span>o each d<span class=\"_ _2\"></span>efined benefit<span class=\"_ _2\"></span> pension<span class=\"ls1 ws0\"> </span></span>and pos<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">retirement medic<span class=\"_ _2\"></span>al plan in<span class=\"_ _2\"></span> </span></span>accord<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> with<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>the late<span class=\"_ _2\"></span>st rec<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>mmend<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span>s of e<span class=\"_ _2\"></span>ach<span class=\"_ _2\"></span> plan <span class=\"_ _2\"></span>act<span class=\"_ _2\"></span>uary<span class=\"_ _2\"></span> and i<span class=\"_ _2\"></span>ts pe<span class=\"_ _2\"></span>nsio<span class=\"_ _2\"></span>n fund<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> polic<span class=\"_ _2\"></span>y.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>In term<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>of inve<span class=\"_ _2\"></span>stme<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span>, the <span class=\"_ _2\"></span>Gro<span class=\"_ _2\"></span>up\u2019s a<span class=\"_ _2\"></span>im is<span class=\"_ _2\"></span> f<span class=\"_ _2\"></span>or the<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue of<span class=\"_ _2\"></span> defi<span class=\"_ _2\"></span>ned<span class=\"_ _2\"></span> benefi<span class=\"_ _2\"></span>t p<span class=\"_ _2\"></span>lan <span class=\"_ _2\"></span>assets<span class=\"_ _2\"></span> to b<span class=\"_ _2\"></span>e maint<span class=\"_ _2\"></span>ained at<span class=\"_ _2\"></span> close<span class=\"_ _2\"></span> to the val<span class=\"_ _2\"></span>ue of the<span class=\"_ _2\"></span> corre<span class=\"_ _2\"></span>spondi<span class=\"_ _2\"></span>ng bene<span class=\"_ _2\"></span>fit ob<span class=\"_ _2\"></span>lig<span class=\"_ _2\"></span>ations<span class=\"_ _2\"></span>, allo<span class=\"_ _2\"></span>wing<span class=\"_ _2\"></span> for some <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>short<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls53 ws7d\">te<span class=\"_ _2\"></span>rm vol<span class=\"_ _2\"></span>atility.<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></span></span>Plan assets a<span class=\"_ _2\"></span>re invested i<span class=\"_ _2\"></span>n a div<span class=\"_ _2\"></span>ersified range <span class=\"_ _2\"></span>of asset c<span class=\"_ _2\"></span>lasses, predomin<span class=\"_ _2\"></span>antly comprising<span class=\"_ _2\"></span> bonds and equitie<span class=\"_ _2\"></span>s. In<span class=\"_ _2\"></span> some loc<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws52\">such<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws4f\">as the Uni<span class=\"_ _2\"></span>ted<span class=\"ls1 ws0\"> </span><span class=\"ws50\">Kingdom<span class=\"_ _2\"></span>, pl<span class=\"_ _2\"></span>an <span class=\"_ _2\"></span>truste<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>and o<span class=\"_ _2\"></span>ther<span class=\"_ _2\"></span> bodies<span class=\"_ _2\"></span> have<span class=\"_ _2\"></span> </span></span></span></span>legal and fid<span class=\"_ _2\"></span>uciary respon<span class=\"_ _2\"></span>sibility for<span class=\"_ _2\"></span> the investme<span class=\"_ _2\"></span>nt of plan <span class=\"_ _2\"></span>assets, and dec<span class=\"_ _2\"></span>isions on<span class=\"_ _2\"></span> investment strateg<span class=\"_ _2\"></span>y a<span class=\"_ _2\"></span>re ta<span class=\"_ _2\"></span>ken i<span class=\"_ _2\"></span>n co<span class=\"_ _2\"></span>nsult<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n wi<span class=\"_ _2\"></span>th t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The Group mon<span class=\"_ _2\"></span>itors its expo<span class=\"_ _2\"></span>sure to ch<span class=\"_ _2\"></span>anges in<span class=\"_ _2\"></span> equity markets<span class=\"_ _2\"></span>, interest <span class=\"_ _2\"></span>rates and i<span class=\"_ _2\"></span>nflation, and<span class=\"_ _2\"></span> measures its b<span class=\"_ _2\"></span>alance sheet pe<span class=\"_ _2\"></span>nsion risk<span class=\"_ _2\"></span> using a<span class=\"_ _2\"></span> risk<span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">based ap<span class=\"_ _2\"></span>pr<span class=\"_ _2\"></span>oach.<span class=\"_ _2\"></span> Stra<span class=\"_ _2\"></span>tegic<span class=\"_ _2\"></span> </span>a<span class=\"ls48 ws72\">sset </span>a<span class=\"_ _1\"></span><span class=\"ls2f ws4e\">llocatio<span class=\"_ _2\"></span>n </span></span>s<span class=\"ls30 ws4f\">tudies and as<span class=\"_ _2\"></span>set</span>-<span class=\"ls2f ws70\">liability st<span class=\"_ _2\"></span>udies are c<span class=\"_ _2\"></span>arried out p<span class=\"_ _2\"></span>eriodically for<span class=\"_ _2\"></span> the sig<span class=\"_ _2\"></span>nificant pensio<span class=\"_ _2\"></span>n plans. <span class=\"_ _2\"></span></span> On a q<span class=\"_ _2\"></span>uart<span class=\"_ _2\"></span>erly<span class=\"_ _2\"></span> basi<span class=\"_ _2\"></span>s, the<span class=\"_ _2\"></span> per<span class=\"_ _2\"></span>form<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span> of al<span class=\"_ _2\"></span>l inve<span class=\"_ _2\"></span>stme<span class=\"_ _2\"></span>nts<span class=\"_ _2\"></span> acros<span class=\"_ _2\"></span>s t<span class=\"_ _2\"></span>he si<span class=\"_ _2\"></span>gnifi<span class=\"_ _2\"></span>cant<span class=\"_ _2\"></span> defin<span class=\"_ _2\"></span>ed be<span class=\"_ _2\"></span>nefi<span class=\"_ _2\"></span>t pl<span class=\"_ _2\"></span>ans is reviewed with the Group\u2019s investmen<span class=\"_ _2\"></span>t management advis<span class=\"ff1bf ls1 ws0\">e<span class=\"ls30 ws52\">rs. </span> </span>Pension plans overview<span class=\"ls1 ws0\">  </span>The amounts <span class=\"_ _2\"></span>recognised at <span class=\"_ _2\"></span>November 30<span class=\"_ _2\"></span>, consisted<span class=\"_ _2\"></span> of the foll<span class=\"_ _2\"></span>owing:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><table class=\"s w16a h15d\" id=\"_4fbc3959-e56f-4632-94c2-2c21d2b9c607\"><tr><td></td><td class=\"c x2bd y2eaa w68 hb7\"><div class=\"t m0 x171 h82 y1f57 ff1bf fs3b fc2 sc0 ls1 ws32\">As of November 30<span class=\"ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2eac w150 h15e\"><div class=\"t m0 x245 h82 y2e0b ff1bf fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2b9 h82 y2eab ff1bf fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x2a2 y2ead w48 h83\"><div class=\"t m0 x177 h85 y1d8f ff1c1 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2ead w48 h83\"><div class=\"t m0 x177 h82 y1d8f ff1bf fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2eae w64 h86\"><div class=\"t m0 x0 h88 y1c4c ff1bf fs3a fc2 sc0 ls22 ws3e\">Non<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls23 ws4b\">current asse<span class=\"_ _1\"></span>ts</span></span><span class=\"ls1 ws0\"><span class=\"ls23 ws4b\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2a2 y2eae w48 h86\"><div class=\"t m0 x179 h87 y1c4c ff1c1 fs3a fc2 sc0 ls23 ws39\">26,278<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2eae w48 h86\"><div class=\"t m0 x183 h88 y1c4c ff1bf fs3a fc2 sc0 ls20 ws36\">24,082<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2eaf w64 h8a\"><div class=\"t m0 x0 h88 y1c3f ff1bf fs3a fc2 sc0 ls22 ws3e\">Non<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls29 ws42\">cur<span class=\"_ _2\"></span>rent liabilit<span class=\"_ _2\"></span>ies</span></span><span class=\"ls1 ws0\"><span class=\"ls29 ws42\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x2a2 y2eaf w25 h8a\"><div class=\"t m0 x181 h87 y1c3f ff1c1 fs3a fc2 sc0 ls21 ws35\">(19,8<span class=\"_ _2\"></span>58<span class=\"ls1 ws0\">) </span></div></td><td class=\"c x2bb y2eaf w4b h8a\"><div class=\"t m0 x187 h88 y1c3f ff1bf fs3a fc2 sc0 ls20 ws36\">(20,197)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2eb0 w64 h86\"><div class=\"t m0 x0 h87 y1bf4 ff1c1 fs3a fc2 sc0 ls28 ws40\">Net <span class=\"ls27 wsc1\">pension<span class=\"_ _2\"></span> asset</span><span class=\"ls27 wsc1\"><span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2a2 y2eb0 w48 h86\"><div class=\"t m0 x185 h87 y1bf4 ff1c1 fs3a fc2 sc0 ls21 ws35\">6,42<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2eb0 w48 h86\"><div class=\"t m0 x184 h88 y1bf4 ff1bf fs3a fc2 sc0 ls20 ws36\">3,885<span class=\"ls1 ws0\"> </span></div></td></tr></table>This i<span class=\"_ _2\"></span>s com<span class=\"_ _2\"></span>posed<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> net <span class=\"_ _2\"></span>of t<span class=\"_ _2\"></span>he p<span class=\"_ _2\"></span>resent<span class=\"_ _2\"></span> value<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> funde<span class=\"_ _2\"></span>d obl<span class=\"_ _2\"></span>igati<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>fair <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> plan <span class=\"_ _2\"></span>asse<span class=\"_ _2\"></span>ts as follows<span class=\"_ _2\"></span>:<span class=\"ls1 ws0\"> </span><table class=\"s w16a h15d\" id=\"_436d9616-03da-45c4-b985-1ae716c2904b\"><tr><td></td><td class=\"t m0 x2bc h82 y2eb1 ff1bf fs3b fc2 sc0 ls1 ws0\"> <span class=\"_ _126\"> </span><span class=\"ws32\">As of November 30</span> </td><td></td></tr><tr><td class=\"c x24b y2eb2 w64 ha3\"><div class=\"t m0 x0 h82 y2306 ff1bf fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"c x2a2 y2eb2 w48 ha3\"><div class=\"t m0 x177 h85 y1cad ff1c1 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2eb2 w48 ha3\"><div class=\"t m0 x177 h82 y1cad ff1bf fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2eb3 w64 h8a\"><div class=\"t m0 x0 h88 y1c3f ff1bf fs3a fc2 sc0 ls24 ws3a\">Present value of funded obligations<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2eb3 w25 h8a\"><div class=\"t m0 x17b h87 y1c3f ff1c1 fs3a fc2 sc0 ls21 ws35\">(168,<span class=\"_ _2\"></span>307)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2eb3 w4b h8a\"><div class=\"t m0 x17f h88 y1c3f ff1bf fs3a fc2 sc0 ls20 ws36\">(170,552)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2eb4 w64 h89\"><div class=\"t m0 x0 h88 y1bf4 ff1bf fs3a fc2 sc0 ls2e ws4c\">Fair value o<span class=\"_ _2\"></span>f plans asset<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2eb4 w48 h89\"><div class=\"t m0 x180 h87 y1bf4 ff1c1 fs3a fc2 sc0 ls21 ws35\">174,<span class=\"_ _2\"></span>727<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2eb4 w48 h89\"><div class=\"t m0 x181 h88 y1bf4 ff1bf fs3a fc2 sc0 ls20 ws36\">174,437<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2a2 y2eb5 w48 h86\"><div class=\"t m0 x185 h87 y1bfa ff1c1 fs3a fc2 sc0 ls21 ws35\">6,42<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2eb5 w48 h86\"><div class=\"t m0 x184 h88 y1bfa ff1bf fs3a fc2 sc0 ls20 ws36\">3,885<span class=\"ls1 ws0\"> </span></div></td></tr></table><div class=\"t m0 ha6 ff1c1 fs3c fcb sc0 ls5e wsbb gs5f6\">US pos<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\">-<span class=\"ls58 ws8e\">retirement<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>healthcare plan<span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 h98 ff1bf fs39 fc2 sc0 ls49 ws78 gs5f7\">US<span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">based<span class=\"_ _2\"></span> employ<span class=\"_ _2\"></span>ees<span class=\"_ _2\"></span> reti<span class=\"_ _2\"></span>ring f<span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span>m the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span>, ha<span class=\"_ _2\"></span>ving<span class=\"_ _2\"></span> attai<span class=\"_ _2\"></span>ned t<span class=\"_ _2\"></span>he ag<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> 55 w<span class=\"_ _2\"></span>ith<span class=\"_ _2\"></span> at le<span class=\"_ _2\"></span>ast <span class=\"_ _2\"></span><span class=\"ls53 ws80\">ten<span class=\"_ _2\"></span></span></span> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">ye<span class=\"_ _2\"></span>ars <span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 h98 ff1bf fs39 fc2 sc0 ls2f ws70 gs5f8\">of cumulative <span class=\"_ _2\"></span>US service by<span class=\"_ _2\"></span> January 1<span class=\"_ _2\"></span>, 2018, or<span class=\"_ _2\"></span> who become<span class=\"_ _2\"></span> disabled, <span class=\"ls1 ws0\">a</span>re eligible<span class=\"_ _2\"></span> to receive<span class=\"_ _2\"></span> both </div><div class=\"t m0 h98 ff1bf fs39 fc2 sc0 ls30 ws52 gs5f9\">pre<span class=\"ls1 ws0\">-</span><span class=\"ws50\">Medica<span class=\"_ _2\"></span>re a<span class=\"_ _2\"></span>nd po<span class=\"_ _2\"></span>st<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">Medicare benefi<span class=\"_ _2\"></span>t offerings f<span class=\"_ _2\"></span>or themsel<span class=\"_ _2\"></span>ves and t<span class=\"_ _2\"></span>heir eligible depe<span class=\"_ _2\"></span>nd</span>a</span></span>nts. </div><div class=\"t m0 h98 ff1bf fs39 fc2 sc0 ls2f ws70 gs5fa\">Employees worki<span class=\"_ _2\"></span>ng until age<span class=\"_ _2\"></span> 65 with at<span class=\"_ _2\"></span> least <span class=\"_ _2\"></span>ten years of U<span class=\"_ _2\"></span>S cumulative<span class=\"_ _2\"></span> service are<span class=\"_ _2\"></span> eligible fo<span class=\"_ _2\"></span>r <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1bf fs39 fc2 sc0 ls4a ws76 gs5fb\">post<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">Medicare benefit<span class=\"_ _2\"></span>s only.</span> <span class=\"ls2f ws75\">All benefits are unfunded.<span class=\"_ _2\"></span></span> </span></div><div class=\"t m0 ha6 ff1c1 fs3c fcb sc0 ls5c ws8f gs5fc\">Component<span class=\"_ _2\"></span>s of def<span class=\"_ _2\"></span>ined ben<span class=\"_ _2\"></span>efit cos<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1c0 fs39 fc2 sc0 ls2f ws70 gs5fd\">The net periodic<span class=\"_ _2\"></span> benefit c<span class=\"_ _2\"></span>ost for <span class=\"_ _2\"></span>the Group\u2019s defi<span class=\"_ _2\"></span>ned benefit<span class=\"_ _2\"></span> pension pl<span class=\"_ _2\"></span>ans (includi<span class=\"_ _2\"></span>ng a retireme<span class=\"_ _2\"></span>nt </div><div class=\"t m0 h98 ff1c0 fs39 fc2 sc0 ls30 ws4f gs5fe\">arrang<span class=\"_ _2\"></span>emen<span class=\"_ _2\"></span>t for one<span class=\"_ _2\"></span> of the Gro<span class=\"_ _2\"></span>up\u2019s e<span class=\"_ _2\"></span>x<span class=\"ff1bf ls1 ws0\">-d<span class=\"_ _1\"></span><span class=\"ls30 ws50\">irec<span class=\"_ _2\"></span>tor<span class=\"_ _2\"></span>s) and<span class=\"_ _2\"></span> US p<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span>retirem<span class=\"_ _2\"></span>ent <span class=\"_ _2\"></span>healthc<span class=\"_ _2\"></span>are<span class=\"_ _2\"></span> pl<span class=\"_ _2\"></span>an show<span class=\"_ _2\"></span>n </span></span></div><div class=\"t m0 h98 ff1bf fs39 fc2 sc0 ls30 ws50 gs5ff\">above<span class=\"_ _2\"></span> for <span class=\"_ _2\"></span>the ye<span class=\"_ _2\"></span>ars<span class=\"_ _2\"></span> <span class=\"ls2f ws75\">ended Novem<span class=\"_ _2\"></span>ber<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">30, 2025 <span class=\"_ _2\"></span>and 2024, co<span class=\"ls2f ws70\">nsisted of<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">the</span> <span class=\"_ _1\"></span><span class=\"ls4a ws76\">f<span class=\"_ _2\"></span>ollowing<span class=\"_ _2\"></span>:<span class=\"ls1 ws0\">  </span></span></span></span></span></span></span></div><div class=\"gs600\"><table class=\"s w16b h160\" id=\"_cd44ce5e-222a-4887-b46f-8b623fd42db1\"><tr><td></td><td class=\"t m0 x3a3 h82 y2ebe ff1bf fs3b fc2 sc0 ls1 ws32\">For the years ended <span class=\"ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x3a4 h82 y2ebf ff1bf fs3b fc2 sc0 ls1 ws32\">November 30<span class=\"ws0\"> </span></td><td></td></tr><tr><td class=\"c x246 y2ec0 w170 h115\"><div class=\"t m0 x245 h82 y29a6 ff1bf fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2f3 h82 y29a6 ff1bf fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x2c5 h85 y2ec1 ff1c1 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"t m0 x2f2 h82 y2ec1 ff1bf fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x241 y2ec2 w69 h8a\"><div class=\"t m0 x0 h88 y1c2d ff1bf fs3a fc2 sc0 ls26 ws3d\">Service cost<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ec2 w20 h8a\"><div class=\"t m0 x177 h87 y1c2d ff1c1 fs3a fc2 sc0 ls21 ws35\">467<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2ec2 w55 h8a\"><div class=\"t m0 x1a0 h88 y1c2d ff1bf fs3a fc2 sc0 ls20 ws36\">437<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ec3 w69 h86\"><div class=\"t m0 x0 h88 y1bde ff1bf fs3a fc2 sc0 ls24 ws3b\">Interest <span class=\"ls2a ws45\">(income<span class=\"_ _2\"></span>) <span class=\"_ _1\"></span><span class=\"ls25 ws41\">co<span class=\"_ _2\"></span>st<span class=\"ls24 ws3a\">, net<span class=\"ls1 ws0\"> </span></span></span></span></div></td><td class=\"c x2a7 y2ec3 w25 h86\"><div class=\"t m0 x1 h87 y1bde ff1c1 fs3a fc2 sc0 ls21 ws35\">(5)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2ec3 w55 h86\"><div class=\"t m0 x1a0 h88 y1bde ff1bf fs3a fc2 sc0 ls20 ws36\">155<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ec4 w69 h86\"><div class=\"t m0 x0 h88 y1bdc ff1bf fs3a fc2 sc0 ls29 ws42\">Cost o<span class=\"_ _2\"></span>f plan administr<span class=\"_ _2\"></span>ation<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ec4 w20 h86\"><div class=\"t m0 x177 h87 y1bdc ff1c1 fs3a fc2 sc0 ls21 ws35\">416<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2ec4 w55 h86\"><div class=\"t m0 x1a0 h88 y1bdc ff1bf fs3a fc2 sc0 ls20 ws36\">475<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2dbe w69 h86\"><div class=\"t m0 x0 h87 y1c0a ff1c1 fs3a fc2 sc0 ls2c ws5a\">Net per<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>odic benefit <span class=\"ls27 ws3f\">cost</span><span class=\"ls27 ws3f\"> <span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2a7 y2dbe w20 h86\"><div class=\"t m0 x1a0 h87 y1c0a ff1c1 fs3a fc2 sc0 ls21 ws35\">878<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2dbe w55 h86\"><div class=\"t m0 x184 h88 y1c0a ff1bf fs3a fc2 sc0 ls20 ws36\">1,067<span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 ha6 ff1c1 fs3c fcb sc0 ls5e wsbb gs601\">Impac<span class=\"_ _2\"></span>t on e<span class=\"_ _2\"></span>quity<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1bf fs39 fc2 sc0 ls2f ws70 gs602\">Remeasurements t<span class=\"_ _2\"></span>hat are rec<span class=\"_ _2\"></span>ognised in <span class=\"ls1 ws0\">o</span>ther c<span class=\"_ _2\"></span>omprehensive in<span class=\"_ _2\"></span>come are as<span class=\"_ _2\"></span> follows:<span class=\"ls1 ws0\"> </span></div><div class=\"gs603\"><table class=\"s w16f h15f\" id=\"_db8ac3d9-6a64-4244-b550-c060beda34a2\"><tr><td></td><td class=\"t m0 x3a3 h82 y2eb6 ff1bf fs3b fc2 sc0 ls1 ws32\">For the years ended <span class=\"ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"c x2be y2eb7 w6a hb6\"><div class=\"t m0 xb6 h82 y1bd2 ff1bf fs3b fc2 sc0 ls1 ws32\">November 30<span class=\"ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x241 y2eb8 w69 h83\"><div class=\"t m0 x0 h82 y1bd5 ff1bf fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"c x2a7 y2eb8 w20 h83\"><div class=\"t m0 x177 h85 y1bd8 ff1c1 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2eb8 w55 h83\"><div class=\"t m0 x177 h82 y1bd8 ff1bf fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2eb9 w69 h8a\"><div class=\"t m0 x0 h88 y1c03 ff1bf fs3a fc2 sc0 ls20 ws34\">Effect o<span class=\"_ _2\"></span>f changes<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> demographic<span class=\"_ _2\"></span> as<span class=\"_ _2\"></span>sumption<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2eb9 w20 h8a\"><div class=\"t m0 x177 h87 y1c03 ff1c1 fs3a fc2 sc0 ls21 ws35\">259<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2eb9 w7f h8a\"><div class=\"t m0 x47 h88 y1c03 ff1bf fs3a fc2 sc0 ls20 ws36\">(410)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2eba w69 h86\"><div class=\"t m0 x0 h88 y1c05 ff1bf fs3a fc2 sc0 ls20 ws34\">Effect o<span class=\"_ _2\"></span>f changes<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> financial<span class=\"_ _2\"></span> assu<span class=\"_ _2\"></span>mptio<span class=\"_ _2\"></span>ns<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2eba w25 h86\"><div class=\"t m0 x179 h87 y1c05 ff1c1 fs3a fc2 sc0 ls21 ws35\">(1,16<span class=\"_ _2\"></span>5)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2eba w55 h86\"><div class=\"t m0 x184 h88 y1c05 ff1bf fs3a fc2 sc0 ls20 ws36\">4,149<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ebb w69 h86\"><div class=\"t m0 x0 h88 y1bde ff1bf fs3a fc2 sc0 ls20 ws34\">Effect o<span class=\"_ _2\"></span>f exper<span class=\"_ _2\"></span>ience<span class=\"_ _2\"></span> assumpt<span class=\"_ _2\"></span>ions<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ebb w20 h86\"><div class=\"t m0 x177 h87 y1bde ff1c1 fs3a fc2 sc0 ls21 ws35\">130<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2ebb w55 h86\"><div class=\"t m0 x1a0 h88 y1bde ff1bf fs3a fc2 sc0 ls20 ws36\">439<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ebc w69 h8a\"><div class=\"t m0 x0 h88 y1c18 ff1bf fs3a fc2 sc0 ls24 ws3a\">Return on plan assets (exc<span class=\"_ _2\"></span>luding interest income)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ebc w25 h8a\"><div class=\"t m0 x1ce h87 y1c18 ff1c1 fs3a fc2 sc0 ls21 ws35\">(815)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2ebc w7f h8a\"><div class=\"t m0 x186 h88 y1c18 ff1bf fs3a fc2 sc0 ls20 ws36\">(6,091)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ebd w69 h86\"><div class=\"t m0 x0 h87 y1be2 ff1c1 fs3a fc2 sc0 ls1f ws33\">Remeasu<span class=\"_ _2\"></span>rements r<span class=\"_ _2\"></span>ecognis<span class=\"_ _2\"></span>ed in ot<span class=\"_ _2\"></span>her comp<span class=\"_ _2\"></span>rehensiv<span class=\"_ _2\"></span>e inco<span class=\"_ _2\"></span>me <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ebd w25 h86\"><div class=\"t m0 x183 h87 y1be2 ff1c1 fs3a fc2 sc0 ls21 ws35\">(1,59<span class=\"_ _2\"></span>1)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2ebd w7f h86\"><div class=\"t m0 x186 h88 y1be2 ff1bf fs3a fc2 sc0 ls20 ws36\">(1,913)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table></div>The following <span class=\"_ _2\"></span>tables set o<span class=\"_ _2\"></span>ut the c<span class=\"_ _2\"></span>hange in benefi<span class=\"_ _2\"></span>t obligations<span class=\"_ _2\"></span> for the G<span class=\"_ _2\"></span>roup\u2019s defined<span class=\"_ _2\"></span> benefit pension<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws4f\">p<span class=\"_ _2\"></span>lans<span class=\"_ _2\"></span> and US po<span class=\"_ _2\"></span>st<span class=\"ls1 ws0\">-</span><span class=\"ws50\">reti<span class=\"_ _2\"></span>reme<span class=\"_ _2\"></span>nt medic<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> plan <span class=\"_ _2\"></span>and<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> chan<span class=\"_ _2\"></span>ge in<span class=\"_ _2\"></span> plan<span class=\"_ _2\"></span> assets<span class=\"_ _2\"></span> f<span class=\"_ _2\"></span>or the<span class=\"_ _2\"></span> def<span class=\"_ _2\"></span>ined </span></span></span>benefit pensio<span class=\"_ _2\"></span>n plans. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Change in b<span class=\"_ _2\"></span>enefit o<span class=\"_ _2\"></span>bligati<span class=\"_ _2\"></span>on<span class=\"ls1 ws0\"> </span><table class=\"s w16a h165\" id=\"_3d754c0a-6239-48b0-b031-7df94b4ba319\"><tr><td></td><td class=\"t m0 x3ac h82 y2eec ff1c6 fs3b fc2 sc0 ls1 ws32\">For the years ended <span class=\"ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x2c8 h82 y2eed ff1c6 fs3b fc2 sc0 ls1 ws32\">November 30<span class=\"ws0\"> </span></td><td></td></tr><tr><td class=\"c x24b y2eee w64 hb9\"><div class=\"t m0 x0 h82 y1c42 ff1c6 fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"c x2a2 y2eee w48 hb9\"><div class=\"t m0 x177 h85 y22db ff1c7 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2eee w48 hb9\"><div class=\"t m0 x177 h82 y22db ff1c6 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2eef w64 h89\"><div class=\"t m0 x0 h88 y1bfa ff1c6 fs3a fc2 sc0 ls24 ws3a\">Benefit obligations at beginning of ye<span class=\"_ _2\"></span>ar<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2eef w48 h89\"><div class=\"t m0 x180 h87 y1bfa ff1c7 fs3a fc2 sc0 ls21 ws35\">170,<span class=\"_ _2\"></span>552<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2eef w48 h89\"><div class=\"t m0 x181 h88 y1bfa ff1c6 fs3a fc2 sc0 ls20 ws36\">168,950<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ef0 w64 h8b\"><div class=\"t m0 x0 h88 y1bf8 ff1c6 fs3a fc2 sc0 ls22 ws37\">Current service cos<span class=\"_ _1\"></span>t<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2ef0 w48 h8b\"><div class=\"t m0 x177 h87 y1bf8 ff1c7 fs3a fc2 sc0 ls21 ws35\">478<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2ef0 w48 h8b\"><div class=\"t m0 x1a0 h88 y1bf8 ff1c6 fs3a fc2 sc0 ls20 ws36\">437<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ef1 w64 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff1c6 fs3a fc2 sc0 ls23 ws4b\">Past se<span class=\"_ _1\"></span>rvice income<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2ef1 w25 h8a\"><div class=\"t m0 x1a0 h87 y1bf6 ff1c7 fs3a fc2 sc0 ls21 ws35\">(11)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2ef1 w48 h8a\"><div class=\"t m0 x2d h88 y1bf6 ff1c5 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1c6\"> </span></div></td></tr><tr><td class=\"c x24b y2ef2 w64 h86\"><div class=\"t m0 x0 h88 y1bdc ff1c6 fs3a fc2 sc0 ls23 ws4b\">Interest cost<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2ef2 w48 h86\"><div class=\"t m0 x185 h87 y1bdc ff1c7 fs3a fc2 sc0 ls21 ws35\">8,55<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2ef2 w48 h86\"><div class=\"t m0 x184 h88 y1bdc ff1c6 fs3a fc2 sc0 ls20 ws36\">8,856<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ef3 w64 h86\"><div class=\"t m0 x0 h88 y1bde ff1c6 fs3a fc2 sc0 ls20 ws34\">Benefit<span class=\"_ _2\"></span>s paid<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2ef3 w25 h86\"><div class=\"t m0 x181 h87 y1bde ff1c7 fs3a fc2 sc0 ls21 ws35\">(11,2<span class=\"_ _2\"></span>70)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2ef3 w4b h86\"><div class=\"t m0 x187 h88 y1bde ff1c6 fs3a fc2 sc0 ls20 ws36\">(11,823)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ef4 w64 h8a\"><div class=\"t m0 x0 h88 y1c2d ff1c6 fs3a fc2 sc0 ls24 ws3a\">Foreign exchange rate changes<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2ef4 w48 h8a\"><div class=\"t m0 x177 h87 y1c2d ff1c7 fs3a fc2 sc0 ls21 ws35\">781<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2ef4 w4b h8a\"><div class=\"t m0 x171 h88 y1c2d ff1c6 fs3a fc2 sc0 ls20 ws36\">(46)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ef5 w64 h86\"><div class=\"t m0 x0 h88 y1bde ff1c6 fs3a fc2 sc0 ls26 ws47\">Remeasurem<span class=\"_ _1\"></span>ents:<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x24b y2ef6 w64 h86\"><div class=\"t m0 x19a h88 y1c05 ff1c6 fs3a fc2 sc0 ls20 ws34\">Effect o<span class=\"_ _2\"></span>f changes<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> demographic<span class=\"_ _2\"></span> as<span class=\"_ _2\"></span>sumption<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2ef6 w48 h86\"><div class=\"t m0 x177 h87 y1c05 ff1c7 fs3a fc2 sc0 ls21 ws35\">259<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2ef6 w4b h86\"><div class=\"t m0 x47 h88 y1c05 ff1c6 fs3a fc2 sc0 ls20 ws36\">(410)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ef7 w64 h8a\"><div class=\"t m0 x19a h88 y1c03 ff1c6 fs3a fc2 sc0 ls20 ws34\">Effect o<span class=\"_ _2\"></span>f changes<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> financial<span class=\"_ _2\"></span> assu<span class=\"_ _2\"></span>mptio<span class=\"_ _2\"></span>ns<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2ef7 w25 h8a\"><div class=\"t m0 x179 h87 y1c03 ff1c7 fs3a fc2 sc0 ls21 ws35\">(1,16<span class=\"_ _2\"></span>5)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2ef7 w48 h8a\"><div class=\"t m0 x184 h88 y1c03 ff1c6 fs3a fc2 sc0 ls20 ws36\">4,149<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ef8 w64 h86\"><div class=\"t m0 x19a h88 y2112 ff1c6 fs3a fc2 sc0 ls26 ws3d\">Effect of exp<span class=\"_ _1\"></span>erience adjustments<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2ef8 w48 h86\"><div class=\"t m0 x177 h87 y2112 ff1c7 fs3a fc2 sc0 ls21 ws35\">130<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2ef8 w48 h86\"><div class=\"t m0 x1a0 h88 y2112 ff1c6 fs3a fc2 sc0 ls20 ws36\">439<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ef9 w64 h86\"><div class=\"t m0 x0 h87 y1c0a ff1c7 fs3a fc2 sc0 ls2c ws5a\">Benefits oblig<span class=\"_ _1\"></span>ation at end of year<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2ef9 w48 h86\"><div class=\"t m0 x180 h87 y1c0a ff1c7 fs3a fc2 sc0 ls21 ws35\">168,<span class=\"_ _2\"></span>307<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2ef9 w48 h86\"><div class=\"t m0 x181 h88 y1c0a ff1c6 fs3a fc2 sc0 ls20 ws36\">170,552<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>Change in plan assets <span class=\"ls1 ws0\"> </span><table class=\"s w16a h164\" id=\"_f3c86203-fd2e-4b3f-b6e9-a1ff69ef4066\"><tr><td></td><td class=\"t m0 x3ac h82 y2edd ff1c6 fs3b fc2 sc0 ls1 ws32\">For the years ended <span class=\"ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"c x2bd y2ede w68 hb4\"><div class=\"t m0 xb6 h82 y1f57 ff1c6 fs3b fc2 sc0 ls1 ws32\">November 30<span class=\"ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2edf w150 h115\"><div class=\"t m0 x245 h82 y29a6 ff1c6 fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2b9 h82 y29a6 ff1c6 fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x2ba h85 y2ee0 ff1c7 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"t m0 x2b8 h82 y2ee0 ff1c6 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2ee1 w64 h86\"><div class=\"t m0 x0 h88 y1bf4 ff1c6 fs3a fc2 sc0 ls2e ws4c\">Fair value o<span class=\"_ _2\"></span>f plan assets<span class=\"_ _2\"></span> at beginning<span class=\"_ _2\"></span> of year<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x303 h87 y2ee2 ff1c7 fs3a fc2 sc0 ls21 ws35\">174,<span class=\"_ _2\"></span>437<span class=\"_ _195\"> </span></td><td class=\"t m0 x3ad h88 y2ee2 ff1c6 fs3a fc2 sc0 ls20 ws36\">170,305<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2ee3 w64 h86\"><div class=\"t m0 x0 h88 y1bef ff1c6 fs3a fc2 sc0 ls24 ws3a\">Return on plan assets (exc<span class=\"_ _2\"></span>luding interest income)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2ee3 w48 h86\"><div class=\"t m0 x177 h87 y1bef ff1c7 fs3a fc2 sc0 ls27 ws3f\">81<span class=\"ls1 ws0\">5</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2ee3 w48 h86\"><div class=\"t m0 x184 h88 y1bef ff1c6 fs3a fc2 sc0 ls20 ws36\">6,091<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ee4 w64 h8a\"><div class=\"t m0 x0 h88 y1c41 ff1c6 fs3a fc2 sc0 ls24 ws3a\">Interest income<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2ee4 w48 h8a\"><div class=\"t m0 x185 h87 y1c41 ff1c7 fs3a fc2 sc0 ls21 ws35\">8,55<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2ee4 w48 h8a\"><div class=\"t m0 x184 h88 y1c41 ff1c6 fs3a fc2 sc0 ls20 ws36\">8,701<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ee5 w64 h86\"><div class=\"t m0 x0 h88 y1bef ff1c6 fs3a fc2 sc0 ls24 ws3a\">Company contributions<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x3ae h87 y2ee6 ff1c7 fs3a fc2 sc0 ls27 ws3f\">1,<span class=\"ls21 ws35\">629<span class=\"_ _195\"> </span></span></td><td class=\"t m0 x3af h88 y2ee6 ff1c6 fs3a fc2 sc0 ls20 ws36\">1,612<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2ee7 w64 h86\"><div class=\"t m0 x0 h88 y1c50 ff1c6 fs3a fc2 sc0 ls24 ws3a\">Foreign exchange rate changes<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2ee7 w48 h86\"><div class=\"t m0 x177 h87 y1c50 ff1c7 fs3a fc2 sc0 ls21 ws35\">974<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2ee7 w48 h86\"><div class=\"t m0 x193 h88 y1c50 ff1c6 fs3a fc2 sc0 ls20 ws36\">26<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ee8 w64 h8a\"><div class=\"t m0 x0 h88 y1bf6 ff1c6 fs3a fc2 sc0 ls20 ws34\">Benefit<span class=\"_ _2\"></span>s paid<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2ee8 w25 h8a\"><div class=\"t m0 x181 h87 y1bf6 ff1c7 fs3a fc2 sc0 ls21 ws35\">(11,2<span class=\"_ _2\"></span>70)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2ee8 w4b h8a\"><div class=\"t m0 x187 h88 y1bf6 ff1c6 fs3a fc2 sc0 ls20 ws36\">(11,823)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2ee9 w64 h86\"><div class=\"t m0 x0 h88 y1c50 ff1c6 fs3a fc2 sc0 ls20 ws34\">Expense<span class=\"_ _2\"></span>s paid<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x3b0 h87 y2eea ff1c7 fs3a fc2 sc0 ls21 ws35\">(416)<span class=\"_ _195\"> </span></td><td class=\"t m0 x2c2 h88 y2eea ff1c6 fs3a fc2 sc0 ls20 ws36\">(475)<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2eeb w64 h86\"><div class=\"t m0 x0 h87 y1bfa ff1c7 fs3a fc2 sc0 ls2e ws6e\">Fair value of plan asset<span class=\"_ _2\"></span>s at end of year<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a2 y2eeb w48 h86\"><div class=\"t m0 x180 h87 y1bfa ff1c7 fs3a fc2 sc0 ls27 ws3f\">17<span class=\"ls1 ws0\">4<span class=\"ls21 ws35\">,727</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2eeb w48 h86\"><div class=\"t m0 x181 h88 y1bfa ff1c6 fs3a fc2 sc0 ls20 ws36\">174,437<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>Change in <span class=\"_ _1\"></span>asset ceiling<span class=\"ls1 ws0\"> </span>There were <span class=\"_ _2\"></span>no defined be<span class=\"_ _2\"></span>nefit plans wh<span class=\"_ _2\"></span>ose recognitio<span class=\"_ _2\"></span>n of assets<span class=\"_ _2\"></span> was limited f<span class=\"_ _2\"></span>or the yea<span class=\"_ _2\"></span>rs ended November 30, 2025 and 2024.<span class=\"_ _195\"> </span><div class=\"t m0 ha6 ff1c7 fs3c fcb sc0 ls58 ws8e gs607\">Participant profile<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1c6 fs39 fc2 sc0 ls2f ws70 gs608\">The defined bene<span class=\"_ _2\"></span>fit obligati<span class=\"_ _2\"></span>on by pa<span class=\"_ _2\"></span>rticipant statu<span class=\"_ _2\"></span>s is as fol<span class=\"_ _2\"></span>lows:<span class=\"ls1 ws0\"> </span></div><div class=\"gs609\"><table class=\"s w16b h162\" id=\"_5059caa8-b08a-4fc7-802d-0b1a21ef166f\"><tr><td></td><td class=\"t m0 x3a3 h82 y2ed0 ff1c6 fs3b fc2 sc0 ls1 ws32\">As of November 30<span class=\"ws0\"> </span></td><td></td></tr><tr><td class=\"c x241 y2ed1 w69 ha3\"><div class=\"t m0 x0 h82 y1ff0 ff1c6 fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"c x2a7 y2ed1 w20 ha3\"><div class=\"t m0 x177 h85 y1c8b ff1c7 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2ed1 w55 ha3\"><div class=\"t m0 x1a0 h82 y1c8b ff1c6 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ed2 w69 h8c\"><div class=\"t m0 x0 h88 y1c4d ff1c6 fs3a fc2 sc0 ls23 ws39\">Actives<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ed2 w20 h8c\"><div class=\"t m0 x179 h87 y1c4d ff1c7 fs3a fc2 sc0 ls23 ws39\">25,769<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2ed2 w55 h8c\"><div class=\"t m0 x183 h88 y1c4d ff1c6 fs3a fc2 sc0 ls20 ws36\">25,133<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ed3 w69 h86\"><div class=\"t m0 x0 h88 y1bfa ff1c6 fs3a fc2 sc0 ls26 ws47\">Vested <span class=\"_ _3\"></span><span class=\"ws3d\">former employees not yet retired</span><span class=\"ws3d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2a7 y2ed3 w20 h86\"><div class=\"t m0 x179 h87 y1bfa ff1c7 fs3a fc2 sc0 ls23 ws39\">25,218<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2ed3 w55 h86\"><div class=\"t m0 x183 h88 y1bfa ff1c6 fs3a fc2 sc0 ls20 ws36\">27,869<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2ed4 w69 h86\"><div class=\"t m0 x0 h88 y1bf8 ff1c6 fs3a fc2 sc0 ls26 ws47\">Retirees<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ed4 w20 h86\"><div class=\"t m0 x180 h87 y1bf8 ff1c7 fs3a fc2 sc0 ls21 ws35\">117,<span class=\"_ _2\"></span>320<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2ed4 w55 h86\"><div class=\"t m0 x181 h88 y1bf8 ff1c6 fs3a fc2 sc0 ls20 ws36\">117,550<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2a7 y2ed5 w20 h8a\"><div class=\"t m0 x180 h87 y1bf6 ff1c7 fs3a fc2 sc0 ls21 ws35\">168,<span class=\"_ _2\"></span>307<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2ed5 w55 h8a\"><div class=\"t m0 x181 h88 y1bf6 ff1c6 fs3a fc2 sc0 ls20 ws36\">170,552<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 h98 ff1c6 fs39 fc2 sc0 ls30 ws4f gs60a\">The numb<span class=\"_ _2\"></span>er of p<span class=\"_ _2\"></span>artici<span class=\"_ _2\"></span>pant<span class=\"_ _2\"></span>s are a<span class=\"_ _2\"></span>s follow<span class=\"_ _2\"></span>s:<span class=\"ls1 ws0\"> </span></div><div class=\"gs60b\"><table class=\"s w163 h163\" id=\"_12a9541f-1289-4ca2-9a9c-45d95fa79239\"><tr><td></td><td class=\"t m0 x3a3 h82 y2ed6 ff1c6 fs3b fc2 sc0 ls1 ws32\">As of November 30<span class=\"ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"c x2a7 y2ed7 w20 hb9\"><div class=\"t m0 x177 h85 y1e7e ff1c7 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"t m0 x2f2 h82 y2ed8 ff1c6 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x241 y2ed9 w69 h86\"><div class=\"t m0 x0 h88 y1bef ff1c6 fs3a fc2 sc0 ls23 ws39\">Actives<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2ed9 w20 h86\"><div class=\"t m0 x1a0 h87 y1bef ff1c7 fs3a fc2 sc0 ls21 ws35\">947<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2ed9 w55 h86\"><div class=\"t m0 x171 h88 y1bef ff1c6 fs3a fc2 sc0 ls20 ws36\">962<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2eda w69 h8c\"><div class=\"t m0 x0 h88 y1c4d ff1c6 fs3a fc2 sc0 ls26 ws47\">Vested <span class=\"_ _3\"></span><span class=\"ws3d\">former employees not yet retired</span><span class=\"ws3d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2a7 y2eda w20 h8c\"><div class=\"t m0 x1a0 h87 y1c4d ff1c7 fs3a fc2 sc0 ls21 ws35\">454<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2eda w55 h8c\"><div class=\"t m0 x171 h88 y1c4d ff1c6 fs3a fc2 sc0 ls20 ws36\">465<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2edb w69 h86\"><div class=\"t m0 x0 h88 y1bfa ff1c6 fs3a fc2 sc0 ls26 ws47\">Retirees<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2edb w20 h86\"><div class=\"t m0 x177 h87 y1bfa ff1c7 fs3a fc2 sc0 ls21 ws35\">731<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2edb w55 h86\"><div class=\"t m0 x171 h88 y1bfa ff1c6 fs3a fc2 sc0 ls20 ws36\">728<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"c x2a7 y2edc w20 h86\"><div class=\"t m0 x185 h87 y1bf8 ff1c7 fs3a fc2 sc0 ls21 ws35\">2,13<span class=\"_ _2\"></span>2<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2edc w55 h86\"><div class=\"t m0 x184 h88 y1bf8 ff1c6 fs3a fc2 sc0 ls20 ws36\">2,155<span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 ha6 ff1c7 fs3c fcb sc0 ls5b wse1 gs60c\">Ke<span class=\"_ _1\"></span>y act<span class=\"_ _1\"></span>uar<span class=\"_ _1\"></span>ial a<span class=\"_ _1\"></span>ssum<span class=\"_ _1\"></span>pti<span class=\"_ _1\"></span>ons<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1c6 fs39 fc2 sc0 ls2f ws70 gs60d\">The following <span class=\"_ _2\"></span>are the assump<span class=\"_ _2\"></span>tions used<span class=\"_ _2\"></span> in the m<span class=\"_ _2\"></span>easurement of <span class=\"_ _2\"></span>the p<span class=\"_ _2\"></span>rojected benefit <span class=\"_ _2\"></span>obligation fo<span class=\"_ _2\"></span>r </div><div class=\"t m0 h98 ff1c5 fs39 fc2 sc0 ls2f ws70 gs60e\">the Group\u2019s defi<span class=\"_ _2\"></span>ned benefit<span class=\"_ _2\"></span> pension<span class=\"ff1c6 ls1 ws0\"> <span class=\"ls30 ws50\">plans<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> acc<span class=\"_ _2\"></span>umulate<span class=\"_ _2\"></span>d pr<span class=\"_ _2\"></span>ojecte<span class=\"_ _2\"></span>d be<span class=\"_ _2\"></span>nefit<span class=\"_ _2\"></span> oblig<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on fo<span class=\"_ _2\"></span>r U<span class=\"_ _2\"></span>S </span></span></div><div class=\"t m0 h98 ff1c6 fs39 fc2 sc0 ls4a ws76 gs60f\">post<span class=\"ls1 ws0\">-<span class=\"ls30 ws52\">retire<span class=\"_ _2\"></span>ment <span class=\"ls2f ws70\">medical pl<span class=\"_ _2\"></span>an <span class=\"ws4e\">benefits:<span class=\"_ _2\"></span></span></span></span> </span></div><div class=\"gs8f\"><table class=\"s w1b6 h161\" id=\"_5a59f747-a43b-4ff1-af7b-e31a6a28197a\"><tr><td></td><td class=\"t m0 x3a5 h82 y2ec5 ff1c6 fs3b fc2 sc0 ls1d ws49\">As of<span class=\"ls1 ws0\"> November <span class=\"ls1b ws2f\">30</span></span><span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"c x3a6 y2ec6 w8d hb7\"><div class=\"t m0 x177 h85 y2064 ff1c7 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3a7 y2ec6 w2a hb7\"><div class=\"t m0 x177 h82 y2064 ff1c6 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x3a8 y2ec7 w1b7 hfa\"><div class=\"t m0 x245 h87 y2c4d ff1c7 fs3a fc2 sc0 ls1f ws43\">Weight<span class=\"_ _2\"></span>ed<span class=\"ls1 ws0\">-</span><span class=\"ws33\">average assu<span class=\"_ _2\"></span>mption<span class=\"_ _2\"></span>s to determin<span class=\"_ _2\"></span>e proj<span class=\"_ _2\"></span>ected ben<span class=\"_ _2\"></span>efit<span class=\"_ _195\"> </span></span></div></td><td></td><td></td></tr><tr><td class=\"c x3a8 y2ec8 w1b8 hfa\"><div class=\"t m0 x245 h87 y2c4d ff1c7 fs3a fc2 sc0 ls2c ws91\">obligations:<span class=\"_ _195\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x266 y2ec9 wdd h86\"><div class=\"t m0 x0 h88 y1bde ff1c6 fs3a fc2 sc0 ls23 ws4b\">Discount r<span class=\"_ _1\"></span>ate<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3a6 y2ec9 w25 h86\"><div class=\"t m0 x185 h87 y1bde ff1c7 fs3a fc2 sc0 ls21 ws35\">5.20<span class=\"ls1 ws0\">%</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3a7 y2ec9 wdf h86\"><div class=\"t m0 x184 h88 y1bde ff1c6 fs3a fc2 sc0 ls20 ws36\">5.19%<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x266 y2eca wdd h8a\"><div class=\"t m0 x0 h88 y1c18 ff1c6 fs3a fc2 sc0 ls22 ws37\">Rate of comp<span class=\"_ _1\"></span>ensation increase<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3a6 y2eca w25 h8a\"><div class=\"t m0 x185 h87 y1c18 ff1c7 fs3a fc2 sc0 ls21 ws35\">3.60<span class=\"ls1 ws0\">%</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3a7 y2eca wdf h8a\"><div class=\"t m0 x184 h88 y1c18 ff1c6 fs3a fc2 sc0 ls20 ws36\">3.54%<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x266 y2ecb wdd h86\"><div class=\"t m0 x0 h88 y1be2 ff1c6 fs3a fc2 sc0 ls26 ws3d\">Rate of pension<span class=\"_ _1\"></span> increases<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3a6 y2ecb w25 h86\"><div class=\"t m0 x185 h87 y1be2 ff1c7 fs3a fc2 sc0 ls21 ws35\">2.85<span class=\"ls1 ws0\">%</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3a7 y2ecb wdf h86\"><div class=\"t m0 x184 h88 y1be2 ff1c6 fs3a fc2 sc0 ls20 ws36\">3.07%<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x266 y2ecc wdd h86\"><div class=\"t m0 x0 h88 y1be4 ff1c6 fs3a fc2 sc0 ls29 ws42\">Rate of pr<span class=\"_ _2\"></span>ice inflat<span class=\"_ _2\"></span>ion<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3a6 y2ecc w25 h86\"><div class=\"t m0 x185 h87 y1be4 ff1c7 fs3a fc2 sc0 ls21 ws35\">2.83<span class=\"ls1 ws0\">%</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3a7 y2ecc wdf h86\"><div class=\"t m0 x184 h88 y1be4 ff1c6 fs3a fc2 sc0 ls20 ws36\">3.14%<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x266 y2ecd wdd h8a\"><div class=\"t m0 x0 h88 y1c65 ff1c6 fs3a fc2 sc0 ls24 ws3a\">Life expectancy for an individual curr<span class=\"_ _2\"></span>ently at 65:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"t m0 x3a9 h88 y2ece ff1c6 fs3a fc2 sc0 ls2e ws5c\">Male<span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x3aa h87 y2ece ff1c7 fs3a fc2 sc0 ls21 ws35\">22.0<span class=\"ls1 ws0\"> </span>yrs<span class=\"_ _195\"> </span></td><td class=\"t m0 x3ab h88 y2ece ff1c6 fs3a fc2 sc0 ls1 ws0\">2<span class=\"_ _1\"></span>1<span class=\"ls29 ws42\">.0 yrs<span class=\"_ _195\"> </span></span></td></tr><tr><td class=\"c x266 y2ecf wdd h86\"><div class=\"t m0 x19a h88 y1bea ff1c6 fs3a fc2 sc0 ls2a ws45\">Female<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3a6 y2ecf w8d h86\"><div class=\"t m0 x180 h87 y1bea ff1c7 fs3a fc2 sc0 ls21 ws35\">23.0<span class=\"ls1 ws0\"> </span>yrs<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3a7 y2ecf w2a h86\"><div class=\"t m0 x181 h88 y1bea ff1c6 fs3a fc2 sc0 ls1 ws0\">2<span class=\"_ _1\"></span>3<span class=\"ls29 ws42\">.0 yrs</span><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span> </div></td></tr></table></div><div class=\"t m0 h98 ff1c5 fs39 fc2 sc0 ls2f ws70 gs610\">The net period<span class=\"_ _2\"></span> pension expen<span class=\"_ _2\"></span>se and re<span class=\"_ _2\"></span>tiree medical expe<span class=\"_ _2\"></span>nse is b<span class=\"_ _2\"></span>ased on t<span class=\"_ _2\"></span>he prior yea<span class=\"_ _2\"></span>r\u2019s weighted </div><div class=\"t m0 h98 ff1c6 fs39 fc2 sc0 ls30 ws50 gs611\">average<span class=\"_ _2\"></span> as<span class=\"_ _2\"></span>sumpt<span class=\"_ _2\"></span>ions <span class=\"_ _2\"></span>for t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> projec<span class=\"_ _2\"></span>ted b<span class=\"_ _2\"></span>enefi<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">obligation.</span> </span></div><div class=\"t m0 h98 ff1cb fs39 fc2 sc0 ls30 ws4f gs613\">Expos<span class=\"_ _2\"></span>ure to va<span class=\"_ _2\"></span>riance<span class=\"_ _2\"></span>s in <span class=\"ws52\">hea<span class=\"_ _2\"></span>lthc<span class=\"_ _2\"></span>are<span class=\"ls1 ws0\"> </span><span class=\"ws50\">cost <span class=\"_ _2\"></span>trends<span class=\"_ _2\"></span> have<span class=\"_ _2\"></span> bee<span class=\"_ _2\"></span>n mi<span class=\"_ _2\"></span>tiga<span class=\"_ _2\"></span>ted to <span class=\"_ _2\"></span>the e<span class=\"_ _2\"></span>xte<span class=\"_ _2\"></span>nt t<span class=\"_ _2\"></span>hat a<span class=\"_ _2\"></span> 1% c<span class=\"_ _2\"></span>hang<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 h98 ff1cb fs39 fc2 sc0 ls2f ws70 gs614\">would have a<span class=\"_ _2\"></span> negligible e<span class=\"_ _2\"></span>ffect on<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">t<span class=\"_ _2\"></span>he acc<span class=\"_ _2\"></span>umul<span class=\"_ _2\"></span>ated p<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">retirement benefit oblig<span class=\"_ _2\"></span>ation at the<span class=\"_ _2\"></span> end </span></span></span></span></div><div class=\"t m0 h98 ff1cb fs39 fc2 sc0 ls4a ws76 gs615\">of<span class=\"ls1 ws0\"> <span class=\"ls31 ws53\">2025<span class=\"ls50 ws7d\">. <span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></span></span></span></div><div class=\"gs616\"><table class=\"s w1b9 h166\" id=\"_cb42c2ca-6bd9-43a2-a442-1b6bb9f50138\"><tr><td></td><td></td><td class=\"c x3b1 y2efa we1 he6\"><div class=\"t m0 x6e h82 y1c8e ff1cb fs3b fc2 sc0 ls1d ws2d\">Impact o<span class=\"_ _2\"></span>n <span class=\"ls1 ws0\">defined benefit o<span class=\"ls2d ws4a\">blig<span class=\"_ _2\"></span>ation</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x3b1 y2efb we2 h80\"><div class=\"t m0 x19e h82 y25e2 ff1cb fs3b fc2 sc0 ls38 ws5e\">Change<span class=\"_ _1\"></span> in<span class=\"ls1 ws0\"> a<span class=\"ls1d ws31\">ssump<span class=\"_ _2\"></span>tion</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b2 y2efb we0 h80\"><div class=\"t m0 x1a0 h82 y25e2 ff1cb fs3b fc2 sc0 ls1d ws31\">Increa<span class=\"_ _2\"></span>se in <span class=\"ls1 ws0\">a</span>ssu<span class=\"_ _2\"></span>mption<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b3 y2efb we5 h80\"><div class=\"t m0 x188 h82 y25e2 ff1cb fs3b fc2 sc0 ls1 ws0\">Decrease in a<span class=\"ls1d ws31\">ssu<span class=\"_ _2\"></span>mption</span> </div></td></tr><tr><td class=\"c x24b y2efc we0 h8c\"><div class=\"t m0 x0 h88 y1c3f ff1cb fs3a fc2 sc0 ls23 ws4b\">Discount r<span class=\"_ _1\"></span>ate<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b1 y2efc we2 h8c\"><div class=\"t m0 x15 h88 y1c3f ff1cb fs3a fc2 sc0 ls20 ws36\">0.25%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b2 y2efc we0 h8c\"><div class=\"t m0 x19f h88 y1c3f ff1cb fs3a fc2 sc0 ls20 ws34\">Decre<span class=\"_ _2\"></span>ase by 2.3%<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b3 y2efc we5 h8c\"><div class=\"t m0 x1 h88 y1c3f ff1cb fs3a fc2 sc0 ls20 ws34\">Incre<span class=\"_ _2\"></span>ase by 2.4%<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2efd we0 h89\"><div class=\"t m0 x0 h88 y1bf4 ff1cb fs3a fc2 sc0 ls22 ws3e\">Compensa<span class=\"_ _1\"></span>tion<span class=\"ls1 ws0\"> </span><span class=\"ws37\">g<span class=\"_ _1\"></span>rowth rate</span><span class=\"ws37\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x3b1 y2efd we2 h89\"><div class=\"t m0 x15 h88 y1bf4 ff1cb fs3a fc2 sc0 ls20 ws36\">0.25%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b2 y2efd we0 h89\"><div class=\"t m0 x1 h88 y1bf4 ff1cb fs3a fc2 sc0 ls24 ws3a\">Increase by <span class=\"ls20 ws36\">2.1<span class=\"ls1 ws0\">%</span></span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x3b3 y2efd we5 h89\"><div class=\"t m0 x19f h88 y1bf4 ff1cb fs3a fc2 sc0 ls26 ws3d\">Decrease by <span class=\"ls20 ws36\">2.0<span class=\"ls1 ws0\">%</span></span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></div></td></tr><tr><td class=\"c x24b y2efe we0 h86\"><div class=\"t m0 x0 h88 y1bfa ff1cb fs3a fc2 sc0 ls22 ws37\">Pension<span class=\"_ _1\"></span> growth rate<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b1 y2efe we2 h86\"><div class=\"t m0 x15 h88 y1bfa ff1cb fs3a fc2 sc0 ls20 ws36\">0.25%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b2 y2efe we0 h86\"><div class=\"t m0 x1 h88 y1bfa ff1cb fs3a fc2 sc0 ls24 ws3a\">Increase by <span class=\"ls20 ws36\">2.2<span class=\"ls1 ws0\">%</span></span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x3b3 y2efe we5 h86\"><div class=\"t m0 x19f h88 y1bfa ff1cb fs3a fc2 sc0 ls26 ws3d\">Decrease by <span class=\"ls20 ws36\">2.2<span class=\"ls1 ws0\">%</span></span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></div></td></tr><tr><td class=\"c x24b y2eff we0 h94\"><div class=\"t m0 x0 h88 y1bff ff1cb fs3a fc2 sc0 ls29 ws42\">Price inflatio<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b1 y2eff we2 h94\"><div class=\"t m0 x15 h88 y1bff ff1cb fs3a fc2 sc0 ls20 ws36\">0.25%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b2 y2eff we0 h94\"><div class=\"t m0 x1 h88 y1bff ff1cb fs3a fc2 sc0 ls24 ws3a\">Increase by <span class=\"ls20 ws36\">2.5<span class=\"ls1 ws0\">%</span></span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x3b3 y2eff we5 h94\"><div class=\"t m0 x19f h88 y1bff ff1cb fs3a fc2 sc0 ls26 ws3d\">Decrease by <span class=\"ls20 ws36\">2.4<span class=\"ls1 ws0\">%</span></span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></div></td></tr><tr><td></td><td></td><td class=\"c x3b5 y2f00 w1ba h115\"><div class=\"t m0 x245 h82 y29a6 ff1cb fs3b fc2 sc0 ls1d ws49\">Increa<span class=\"_ _2\"></span>se by 1<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">y<span class=\"ls2d wsa4\">ear in </span>a<span class=\"_ _195\"> </span></span></div><div class=\"t m0 x3b4 h82 y29a6 ff1cb fs3b fc2 sc0 ls1d ws31\">ssumption<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x3b6 h82 y2f01 ff1cb fs3b fc2 sc0 ls1 wse2\">Decrease b<span class=\"_ _2\"></span>y 1 <span class=\"ws0\">y<span class=\"ls2d wsa4\">ea<span class=\"_ _2\"></span>r in </span>a<span class=\"ls1d ws31\">ssu<span class=\"_ _2\"></span>mption<span class=\"_ _195\"> </span></span></span></td></tr><tr><td class=\"c x24b y2f02 we0 h89\"><div class=\"t m0 x0 h88 y1c50 ff1cb fs3a fc2 sc0 ls26 ws3d\">Life expecta<span class=\"_ _1\"></span>ncy<span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x3b2 y2f02 we0 h89\"><div class=\"t m0 x1 h88 y1c50 ff1cb fs3a fc2 sc0 ls24 ws3a\">Increase by 2.<span class=\"ls1 ws0\">7<span class=\"_ _1\"></span>%</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b3 y2f02 we5 h89\"><div class=\"t m0 x19f h88 y1c50 ff1cb fs3a fc2 sc0 ls20 ws34\">Decre<span class=\"_ _2\"></span>ase by 2.7%<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 h98 ff1cb fs39 fc2 sc0 ls30 ws50 gs617\">The ab<span class=\"_ _2\"></span>ove se<span class=\"_ _2\"></span>nsi<span class=\"_ _2\"></span>tivity<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span>nalyse<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e base<span class=\"_ _2\"></span>d o<span class=\"_ _2\"></span>n a c<span class=\"_ _2\"></span>hange<span class=\"_ _2\"></span> in a<span class=\"_ _2\"></span>n as<span class=\"_ _2\"></span>sum<span class=\"_ _2\"></span>ption w<span class=\"_ _2\"></span>hile<span class=\"_ _2\"></span> holdi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>all ot<span class=\"_ _2\"></span>her </div><div class=\"t m0 h98 ff1cb fs39 fc2 sc0 ls30 ws50 gs618\">assum<span class=\"_ _2\"></span>ptions<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>nstan<span class=\"_ _2\"></span>t. In<span class=\"_ _2\"></span> prac<span class=\"_ _2\"></span>tic<span class=\"_ _2\"></span>e, thi<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> <span class=\"ls57 ws86\">is<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">unlik<span class=\"_ _2\"></span>ely<span class=\"_ _2\"></span> to occ<span class=\"_ _2\"></span>ur,<span class=\"_ _2\"></span> and c<span class=\"_ _2\"></span>hang<span class=\"_ _2\"></span>es i<span class=\"_ _2\"></span>n som<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> </span></span></span></span></div><div class=\"t m0 h98 ff1cb fs39 fc2 sc0 ls2f ws70 gs619\">assumptions may<span class=\"_ _2\"></span> be correla<span class=\"_ _2\"></span>ted. When c<span class=\"_ _2\"></span>alculating t<span class=\"_ _2\"></span>he sensitivity<span class=\"_ _2\"></span> of the<span class=\"_ _2\"></span> defined benefi<span class=\"_ _2\"></span>t obligation <span class=\"_ _2\"></span>to </div><div class=\"t m0 h98 ff1cb fs39 fc2 sc0 ls30 ws4f gs61a\">signifi<span class=\"_ _2\"></span>can<span class=\"_ _2\"></span>t actua<span class=\"_ _2\"></span>rial as<span class=\"_ _2\"></span>sump<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>s the same<span class=\"_ _2\"></span> method<span class=\"_ _2\"></span> (pre<span class=\"_ _2\"></span>sent val<span class=\"_ _2\"></span>ue of the<span class=\"_ _2\"></span> define<span class=\"_ _2\"></span>d benefi<span class=\"_ _2\"></span>t obl<span class=\"_ _2\"></span>igati<span class=\"_ _2\"></span>on </div><div class=\"t m0 h98 ff1cb fs39 fc2 sc0 ls30 ws52 gs61b\">calcul<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">w<span class=\"_ _2\"></span>ith <span class=\"_ _2\"></span>the pr<span class=\"_ _2\"></span>ojec<span class=\"_ _2\"></span>ted <span class=\"_ _2\"></span>unit<span class=\"_ _2\"></span> cred<span class=\"_ _2\"></span>it me<span class=\"_ _2\"></span>thod<span class=\"_ _2\"></span> at t<span class=\"_ _2\"></span>he end<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws4f\">the reporti<span class=\"_ _2\"></span>ng <span class=\"ws52\">ye<span class=\"_ _2\"></span>ar<span class=\"ls2f ws70\">) has be<span class=\"_ _2\"></span>en applied </span></span></span></span></span></div><div class=\"t m0 h98 ff1cb fs39 fc2 sc0 ls30 ws50 gs61c\">as whe<span class=\"_ _2\"></span>n ca<span class=\"_ _2\"></span>lcul<span class=\"_ _2\"></span>ating <span class=\"_ _2\"></span>the p<span class=\"_ _2\"></span>ensi<span class=\"_ _2\"></span><span class=\"ls2f ws70\">on liabili<span class=\"_ _2\"></span>ty recognised w<span class=\"_ _2\"></span>ithin the<span class=\"ls1 ws0\"> </span></span>bal<span class=\"_ _2\"></span>ance sh<span class=\"_ _2\"></span>eet<span class=\"ls50 ws7d\">. <span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 h98 ff1cb fs39 fc2 sc0 ls30 ws50 gs61d\">The me<span class=\"_ _2\"></span>thod<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> type<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>ump<span class=\"_ _2\"></span>tions <span class=\"_ _2\"></span>used<span class=\"_ _2\"></span> in pre<span class=\"_ _2\"></span>pari<span class=\"_ _2\"></span>ng th<span class=\"_ _2\"></span>e se<span class=\"_ _2\"></span>nsit<span class=\"_ _2\"></span>ivi<span class=\"_ _2\"></span>ty an<span class=\"_ _2\"></span>alysi<span class=\"_ _2\"></span>s did<span class=\"_ _2\"></span> not<span class=\"_ _2\"></span> change<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff1cb fs39 fc2 sc0 ls30 ws50 gs61e\">compare<span class=\"_ _2\"></span>d wi<span class=\"_ _2\"></span>th <span class=\"_ _2\"></span>the pre<span class=\"_ _2\"></span>vio<span class=\"_ _2\"></span>us <span class=\"ls2f ws4e\">yea<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\">. </span></span></div><div class=\"t m0 ha6 ff1cc fs3c fcb sc0 ls58 ws8e gs61f\">Fair value of plan assets<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1cd fs39 fc2 sc0 ls2f ws70 gs620\">The Group\u2019s defi<span class=\"_ _2\"></span>ned benefit pe<span class=\"_ _2\"></span>nsion pla<span class=\"_ _2\"></span>ns\u2019 assets <span class=\"_ _2\"></span>and weighted<span class=\"_ _2\"></span><span class=\"ff1cb ls1 ws0\">-<span class=\"ls30 ws50\">average<span class=\"_ _2\"></span> asse<span class=\"_ _2\"></span>t al<span class=\"_ _2\"></span>locati<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span> as of<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 h98 ff1cb fs39 fc2 sc0 ls4b ws77 gs621\">Novemb<span class=\"_ _2\"></span>er<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">30, 2025</span> <span class=\"ls31 ws51\">and 2024, b</span>y <span class=\"_ _3\"></span><span class=\"ls30 ws50\">c<span class=\"_ _2\"></span>ategory<span class=\"_ _2\"></span>, w<span class=\"_ _2\"></span>ere a<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> <span class=\"ls4a ws76\">follows:<span class=\"_ _2\"></span></span> </span></span></span></div><div class=\"gs622\"><table class=\"s w151 h167\" id=\"_f0e263d8-b78c-41c4-895e-6b95cae0a75b\"><tr><td></td><td></td><td class=\"c x3b7 y2f03 we7 hb7\"><div class=\"t m0 x8f h82 y1d6f ff1cb fs3b fc2 sc0 ls1 ws32\">As of November 30<span class=\"ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x24b y2f04 we6 h83\"><div class=\"t m0 x0 h82 y1c2f ff1cb fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"c x3b8 y2f04 w5c h83\"><div class=\"t m0 x185 h85 y2099 ff1cc fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b9 y2f04 w5e h83\"><div class=\"t m0 x19f h85 y2099 ff1cc fs3b fc2 sc0 ls1c ws30\">% <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ba y2f04 w5e h83\"><div class=\"t m0 x184 h82 y2099 ff1cb fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2e6 y2f04 w5e h83\"><div class=\"t m0 x1be h82 y2099 ff1cb fs3b fc2 sc0 ls87 wsdc\">% <span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f05 we6 h86\"><div class=\"t m0 x0 h88 y1c05 ff1cb fs3a fc2 sc0 ls24 ws3a\">Cash and cash equivalents<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b8 y2f05 w5c h86\"><div class=\"t m0 x17f h87 y1c05 ff1cc fs3a fc2 sc0 ls23 ws39\">10,018<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b9 y2f05 w5e h86\"><div class=\"t m0 x188 h87 y1c05 ff1cc fs3a fc2 sc0 ls27 ws3f\">6%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ba y2f05 w5e h86\"><div class=\"t m0 x179 h88 y1c05 ff1cb fs3a fc2 sc0 ls20 ws36\">5,836<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2e6 y2f05 w5e h86\"><div class=\"t m0 x47 h88 y1c05 ff1cb fs3a fc2 sc0 ls20 ws36\">3%<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f06 we6 h8a\"><div class=\"t m0 x0 h88 y1c03 ff1cb fs3a fc2 sc0 ls24 ws33\">Equity instruments<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b8 y2f06 w5c h8a\"><div class=\"t m0 x17f h87 y1c03 ff1cc fs3a fc2 sc0 ls23 ws39\">24,892<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b9 y2f06 w5e h8a\"><div class=\"t m0 x185 h87 y1c03 ff1cc fs3a fc2 sc0 ls27 ws3f\">14%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ba y2f06 w5e h8a\"><div class=\"t m0 x180 h88 y1c03 ff1cb fs3a fc2 sc0 ls20 ws36\">26,780<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2e6 y2f06 w5e h8a\"><div class=\"t m0 x182 h88 y1c03 ff1cb fs3a fc2 sc0 ls20 ws36\">15%<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f07 we6 h86\"><div class=\"t m0 x0 h88 y1be4 ff1cb fs3a fc2 sc0 ls24 ws3a\">Debt instruments<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b8 y2f07 w5c h86\"><div class=\"t m0 x17a h87 y1be4 ff1cc fs3a fc2 sc0 ls21 ws35\">135,<span class=\"_ _2\"></span>844<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b9 y2f07 w5e h86\"><div class=\"t m0 x185 h87 y1be4 ff1cc fs3a fc2 sc0 ls27 ws3f\">78%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ba y2f07 w5e h86\"><div class=\"t m0 x17b h88 y1be4 ff1cb fs3a fc2 sc0 ls20 ws36\">137,117<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2e6 y2f07 w5e h86\"><div class=\"t m0 x182 h88 y1be4 ff1cb fs3a fc2 sc0 ls20 ws36\">79%<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f08 we6 h86\"><div class=\"t m0 x0 h88 y1be2 ff1cb fs3a fc2 sc0 ls2e ws4c\">Real estate<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b8 y2f08 w5c h86\"><div class=\"t m0 x187 h87 y1be2 ff1cc fs3a fc2 sc0 ls21 ws35\">1,47<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b9 y2f08 w5e h86\"><div class=\"t m0 x188 h87 y1be2 ff1cc fs3a fc2 sc0 ls27 ws3f\">1%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ba y2f08 w5e h86\"><div class=\"t m0 x179 h88 y1be2 ff1cb fs3a fc2 sc0 ls20 ws36\">2,252<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2e6 y2f08 w5e h86\"><div class=\"t m0 x47 h88 y1be2 ff1cb fs3a fc2 sc0 ls20 ws36\">1%<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f09 we6 ha4\"><div class=\"t m0 x0 h88 y1c18 ff1cb fs3a fc2 sc0 ls24 ws3a\">Investment funds<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b8 y2f09 w5c ha4\"><div class=\"t m0 x187 h87 y1c18 ff1cc fs3a fc2 sc0 ls21 ws35\">1,03<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b9 y2f09 w5e ha4\"><div class=\"t m0 x19f h87 y1c18 ff1ce fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff1cc\"> </span></div></td><td class=\"c x3ba y2f09 w5e ha4\"><div class=\"t m0 x179 h88 y1c18 ff1cb fs3a fc2 sc0 ls20 ws36\">1,030<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2e6 y2f09 w5e ha4\"><div class=\"t m0 x47 h88 y1c18 ff1cb fs3a fc2 sc0 ls20 ws36\">1%<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f0a we6 h86\"><div class=\"t m0 x0 h88 y1be2 ff1cb fs3a fc2 sc0 ls24 ws3a\">Assets held by insurance company<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b8 y2f0a w5c h86\"><div class=\"t m0 x185 h87 y1be2 ff1cc fs3a fc2 sc0 ls21 ws35\">307<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b9 y2f0a w5e h86\"><div class=\"t m0 x19f h87 y1be2 ff1ce fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff1cc\"> </span></div></td><td class=\"c x3ba y2f0a w5e h86\"><div class=\"t m0 x184 h88 y1be2 ff1cb fs3a fc2 sc0 ls20 ws36\">322<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2e6 y2f0a w5e h86\"><div class=\"t m0 x1be h88 y1be2 ff1cd fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1cb\"> </span></div></td></tr><tr><td class=\"c x24b y2f0b we6 h86\"><div class=\"t m0 x0 h88 y1be8 ff1cb fs3a fc2 sc0 ls2a ws45\">Othe<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b8 y2f0b w5c h86\"><div class=\"t m0 x187 h87 y1be8 ff1cc fs3a fc2 sc0 ls21 ws35\">1,15<span class=\"_ _2\"></span>7<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b9 y2f0b w5e h86\"><div class=\"t m0 x188 h87 y1be8 ff1cc fs3a fc2 sc0 ls27 ws3f\">1%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ba y2f0b w5e h86\"><div class=\"t m0 x179 h88 y1be8 ff1cb fs3a fc2 sc0 ls20 ws36\">1,100<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2e6 y2f0b w5e h86\"><div class=\"t m0 x47 h88 y1be8 ff1cb fs3a fc2 sc0 ls20 ws36\">1%<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f0c we6 h8a\"><div class=\"t m0 x0 h87 y1c65 ff1cc fs3a fc2 sc0 ls21 ws35\">Total<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b8 y2f0c w5c h8a\"><div class=\"t m0 x17a h87 y1c65 ff1cc fs3a fc2 sc0 ls21 ws35\">174,<span class=\"_ _2\"></span>727<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b9 y2f0c w5e h8a\"><div class=\"t m0 x179 h87 y1c65 ff1cc fs3a fc2 sc0 ls21 ws35\">100%<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ba y2f0c w5e h8a\"><div class=\"t m0 x17b h88 y1c65 ff1cb fs3a fc2 sc0 ls20 ws36\">174,437<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2e6 y2f0c w5e h8a\"><div class=\"t m0 x18f h88 y1c65 ff1cb fs3a fc2 sc0 ls20 ws36\">100%<span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 h98 ff1cb fs39 fc2 sc0 ls30 ws50 gs623\">The f<span class=\"_ _2\"></span>air v<span class=\"_ _2\"></span>alue <span class=\"_ _2\"></span>of all<span class=\"_ _2\"></span> pla<span class=\"_ _2\"></span>n as<span class=\"_ _2\"></span>sets<span class=\"_ _2\"></span> was b<span class=\"_ _2\"></span>ased<span class=\"_ _2\"></span> on q<span class=\"_ _2\"></span>uote<span class=\"_ _2\"></span>d mark<span class=\"_ _2\"></span>et <span class=\"ws52\">p<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>ces<span class=\"ls1 ws0\">.</span></span><span class=\"ws52\"><span class=\"ls1 ws0\"> </span></span></div>It is the <span class=\"_ _2\"></span>Group\u2019s policy <span class=\"_ _2\"></span>to inves<span class=\"_ _2\"></span>t pension pla<span class=\"_ _2\"></span>n assets fo<span class=\"_ _2\"></span>r its defi<span class=\"_ _2\"></span>ned benefit p<span class=\"_ _2\"></span>lans to en<span class=\"_ _2\"></span>sure that t<span class=\"_ _2\"></span>here is an adequate<span class=\"_ _2\"></span> level of <span class=\"_ _2\"></span>assets to<span class=\"ls1 ws0\"> </span>support b<span class=\"_ _2\"></span>enefit obligatio<span class=\"_ _2\"></span>ns to p<span class=\"_ _2\"></span>articipants a<span class=\"_ _2\"></span>nd retirees o<span class=\"_ _2\"></span>ver the lif<span class=\"_ _2\"></span>e of the plans<span class=\"_ _2\"></span>, maintain liq<span class=\"_ _2\"></span>uidity in <span class=\"_ _2\"></span>plan assets <span class=\"_ _2\"></span>sufficient <span class=\"_ _2\"></span>to cover cu<span class=\"_ _2\"></span>rrent benefit<span class=\"_ _2\"></span> obligations a<span class=\"_ _2\"></span>nd earn the m<span class=\"_ _2\"></span>aximum<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span>vestme<span class=\"_ _2\"></span>nt r<span class=\"_ _2\"></span>etur<span class=\"_ _2\"></span>n consi<span class=\"_ _2\"></span>ste<span class=\"_ _2\"></span>nt wi<span class=\"_ _2\"></span>th <span class=\"_ _2\"></span>a prude<span class=\"_ _2\"></span>nt l<span class=\"_ _2\"></span>evel<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> inves<span class=\"_ _2\"></span>tmen<span class=\"_ _2\"></span>t and<span class=\"_ _2\"></span> ac<span class=\"_ _2\"></span>tuari<span class=\"_ _2\"></span>al ri<span class=\"_ _2\"></span>sk. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Investm<span class=\"_ _2\"></span>ent <span class=\"_ _2\"></span>retu<span class=\"_ _2\"></span>rn is<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>total<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>mpound<span class=\"_ _2\"></span>ed a<span class=\"_ _2\"></span>nnua<span class=\"_ _2\"></span>l ret<span class=\"_ _2\"></span>urn<span class=\"_ _2\"></span>, calcul<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>d <span class=\"ws52\">as<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls61 ws96\">interest and dividend </span></span></span>income<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>and<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">realised and unreali<span class=\"_ _2\"></span>sed capital g<span class=\"_ _2\"></span>ains and lo<span class=\"_ _2\"></span>sses,</span> <span class=\"ls2f ws70\">less expenses of<span class=\"_ _2\"></span> the plan<span class=\"_ _2\"></span><span class=\"ls4c ws79\">. </span></span> </span>The Group expec<span class=\"_ _2\"></span>ts to <span class=\"ls30 ws52\">c<span class=\"_ _2\"></span>ontrib<span class=\"_ _2\"></span>ute<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">$<span class=\"_ _1\"></span><span class=\"ls48 ws72\">1.8<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">million</span> <span class=\"ls2f ws70\">to its defined<span class=\"_ _2\"></span> benefit pens<span class=\"_ _2\"></span>ion and pos<span class=\"_ _2\"></span>t</span>-<span class=\"ls30 ws52\">retireme<span class=\"_ _2\"></span>nt </span></span></span></span></span>benefit plans i<span class=\"_ _2\"></span>n 20<span class=\"ls31 ws53\">25<span class=\"ls50 ws7d\">. <span class=\"ls1 ws0\"> </span></span></span>Weigh<span class=\"_ _2\"></span>ted ave<span class=\"_ _2\"></span>rage<span class=\"_ _2\"></span> dur<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he d<span class=\"_ _2\"></span>efi<span class=\"_ _2\"></span>ned <span class=\"ls2f ws70\">be<span class=\"_ _2\"></span>nefit obliga<span class=\"_ _2\"></span>tion is <span class=\"ls48 ws72\">9.5<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span><span class=\"ws52\">years.<span class=\"ls1 ws0\"> </span></span>Expected maturity analysis of undiscounted pension and post<span class=\"ls1 ws0\">-<span class=\"ls5c ws8f\">employment b<span class=\"_ _2\"></span>enefits<span class=\"_ _2\"></span></span> </span><table class=\"s w163 h168\" id=\"_ed5594d0-b0e8-4726-926f-b47c1b9b18bd\"><tr><td class=\"c x241 y2f0d we8 hc6\"><div class=\"t m0 x0 h82 y2606 ff1cb fs3b fc2 sc0 ls1 ws32\">As of November 30, 2025<span class=\"_ _195\"> </span></div></td><td class=\"c x252 y2f0d w27 hc6\"><div class=\"t m0 x191 h82 y2609 ff1cb fs3b fc2 sc0 ls1 ws32\">Less than <span class=\"ws0\"> </span></div></td><td class=\"c x377 y2f0d we9 hc6\"><div class=\"t m0 x17a h82 y2609 ff1cb fs3b fc2 sc0 ls1 ws0\">Between  </div></td><td class=\"c x3bb y2f0d we9 hc6\"><div class=\"t m0 x17a h82 y2609 ff1cb fs3b fc2 sc0 ls1 ws0\">Between  </div></td><td class=\"c x3bc y2f0d we9 hc6\"><div class=\"t m0 x19a h82 y2609 ff1cb fs3b fc2 sc0 ls1 ws32\">More than 5 </div></td><td></td></tr><tr><td class=\"c x246 y2f0e w170 h115\"><div class=\"t m0 x245 h82 y29a6 ff1cb fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2f3 h82 y29a6 ff1cb fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x36f h82 y2f0f ff1cb fs3b fc2 sc0 ls1 ws32\">a year<span class=\"_ _195\"> </span></td><td class=\"t m0 x3bd h82 y2f0f ff1cb fs3b fc2 sc0 ls1 ws0\">1-<span class=\"ws32\">2 years<span class=\"_ _195\"> </span></span></td><td class=\"t m0 x3be h82 y2f0f ff1cb fs3b fc2 sc0 ls1 ws0\">2-<span class=\"ws32\">5 years<span class=\"_ _195\"> </span></span></td><td class=\"t m0 x3bf h82 y2f0f ff1cb fs3b fc2 sc0 ls1 ws0\">years<span class=\"_ _195\"> </span></td><td class=\"t m0 x2c6 h85 y2f10 ff1cc fs3b fc2 sc0 ls1 ws0\">Total<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x241 y2f11 we8 h8a\"><div class=\"t m0 x0 h88 y1be0 ff1cb fs3a fc2 sc0 ls24 ws3a\">Pension benefits<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x252 y2f11 w27 h8a\"><div class=\"t m0 x17a h88 y1be0 ff1cb fs3a fc2 sc0 ls20 ws36\">11,741<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x377 y2f11 we9 h8a\"><div class=\"t m0 x1b1 h88 y1be0 ff1cb fs3a fc2 sc0 ls20 ws36\">24,615<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bb y2f11 we9 h8a\"><div class=\"t m0 x17a h88 y1be0 ff1cb fs3a fc2 sc0 ls20 ws36\">24,505<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bc y2f11 we9 h8a\"><div class=\"t m0 x1b1 h88 y1be0 ff1cb fs3a fc2 sc0 ls20 ws36\">61,235<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3c0 y2f11 we9 h8a\"><div class=\"t m0 x19e h87 y1be0 ff1cc fs3a fc2 sc0 ls21 ws35\">122,<span class=\"_ _2\"></span>096<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f12 we8 h86\"><div class=\"t m0 x0 h88 y1bde ff1cb fs3a fc2 sc0 ls28 ws40\">Post<span class=\"ls1 ws0\">-<span class=\"ls26 ws3d\">employm<span class=\"_ _1\"></span>ent benefits</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x252 y2f12 w27 h86\"><div class=\"t m0 x18f h88 y1bde ff1cb fs3a fc2 sc0 ls20 ws36\">319<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x377 y2f12 we9 h86\"><div class=\"t m0 x179 h88 y1bde ff1cb fs3a fc2 sc0 ls20 ws36\">582<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bb y2f12 we9 h86\"><div class=\"t m0 x18f h88 y1bde ff1cb fs3a fc2 sc0 ls20 ws36\">530<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bc y2f12 we9 h86\"><div class=\"t m0 x210 h88 y1bde ff1cb fs3a fc2 sc0 ls20 ws36\">1,223<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3c0 y2f12 we9 h86\"><div class=\"t m0 x17f h87 y1bde ff1cc fs3a fc2 sc0 ls21 ws35\">2,65<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f13 we8 h86\"><div class=\"t m0 x0 h87 y1be4 ff1cc fs3a fc2 sc0 ls21 ws35\">Total<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x252 y2f13 w27 h86\"><div class=\"t m0 x17d h87 y1be4 ff1cc fs3a fc2 sc0 ls23 ws39\">12,060<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x377 y2f13 we9 h86\"><div class=\"t m0 x17a h87 y1be4 ff1cc fs3a fc2 sc0 ls23 ws39\">25,197<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bb y2f13 we9 h86\"><div class=\"t m0 x17d h87 y1be4 ff1cc fs3a fc2 sc0 ls23 ws39\">25,035<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bc y2f13 we9 h86\"><div class=\"t m0 x17a h87 y1be4 ff1cc fs3a fc2 sc0 ls23 ws39\">62,458<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3c0 y2f13 we9 h86\"><div class=\"t m0 x19e h87 y1be4 ff1cc fs3a fc2 sc0 ls21 ws35\">124,<span class=\"_ _2\"></span>750<span class=\"ls1 ws0\"> </span></div></td></tr></table><table class=\"s w163 h169\" id=\"_3c8c2f05-f39d-4250-9be7-52d9db08c651\"><tr><td class=\"c x241 y2f14 we8 hc8\"><div class=\"t m0 x0 h82 y260f ff1cb fs3b fc2 sc0 ls1 ws32\">As of November 30, 2024<span class=\"_ _195\"> </span></div></td><td class=\"c x3c1 y2f15 w1bb h115\"><div class=\"t m0 x245 h82 y29a6 ff1cb fs3b fc2 sc0 ls1 ws32\">Less than<span class=\"_ _195\"> </span></div></td><td class=\"c x3c2 y2f15 w1bc h115\"><div class=\"t m0 x245 h82 y29a6 ff1cb fs3b fc2 sc0 ls1 ws0\">Between<span class=\"_ _195\"> </span></div></td><td class=\"c x3c3 y2f15 w1bc h115\"><div class=\"t m0 x245 h82 y29a6 ff1cb fs3b fc2 sc0 ls1 ws0\">Between<span class=\"_ _195\"> </span></div></td><td class=\"c x3c4 y2f15 w1bd h115\"><div class=\"t m0 x245 h82 y29a6 ff1cb fs3b fc2 sc0 ls1 ws32\">More than 5<span class=\"_ _195\"> </span></div></td><td></td></tr><tr><td class=\"c x241 y2f14 we8 hc8\"><div class=\"t m0 x0 h82 y1bd5 ff1cb fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"c x3c5 y2f16 w1be h115\"><div class=\"t m0 x245 h82 y29a6 ff1cb fs3b fc2 sc0 ls1 ws32\">a year<span class=\"_ _195\"> </span></div></td><td class=\"c x3c6 y2f16 w1bf h115\"><div class=\"t m0 x245 h82 y29a6 ff1cb fs3b fc2 sc0 ls1 ws0\">1-<span class=\"ws32\">2 years<span class=\"_ _195\"> </span></span></div></td><td class=\"c x3c7 y2f16 w1bf h115\"><div class=\"t m0 x245 h82 y29a6 ff1cb fs3b fc2 sc0 ls1 ws0\">2-<span class=\"ws32\">5 years<span class=\"_ _195\"> </span></span></div></td><td class=\"c x3c8 y2f16 w1c0 h115\"><div class=\"t m0 x245 h82 y29a6 ff1cb fs3b fc2 sc0 ls1 ws0\">years<span class=\"_ _195\"> </span></div></td><td class=\"c x3c0 y2f14 we9 hc8\"><div class=\"t m0 x18f h85 y1cce ff1cc fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x241 y2f17 we8 h86\"><div class=\"t m0 x0 h88 y1bfa ff1cb fs3a fc2 sc0 ls24 ws3a\">Pension benefits<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x252 y2f17 w27 h86\"><div class=\"t m0 x17a h88 y1bfa ff1cb fs3a fc2 sc0 ls20 ws36\">11,503<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x377 y2f17 we9 h86\"><div class=\"t m0 x1b1 h88 y1bfa ff1cb fs3a fc2 sc0 ls20 ws36\">23,741<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bb y2f17 we9 h86\"><div class=\"t m0 x17a h88 y1bfa ff1cb fs3a fc2 sc0 ls20 ws36\">24,853<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bc y2f17 we9 h86\"><div class=\"t m0 x1b1 h88 y1bfa ff1cb fs3a fc2 sc0 ls20 ws36\">60,744<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3c0 y2f17 we9 h86\"><div class=\"t m0 x19e h87 y1bfa ff1cc fs3a fc2 sc0 ls21 ws35\">120,<span class=\"_ _2\"></span>841<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f18 we8 h86\"><div class=\"t m0 x0 h88 y1bf8 ff1cb fs3a fc2 sc0 ls28 ws40\">Post<span class=\"ls1 ws0\">-<span class=\"ls26 ws3d\">employm<span class=\"_ _1\"></span>ent benefits</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x252 y2f18 w27 h86\"><div class=\"t m0 x18f h88 y1bf8 ff1cb fs3a fc2 sc0 ls20 ws36\">409<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x377 y2f18 we9 h86\"><div class=\"t m0 x179 h88 y1bf8 ff1cb fs3a fc2 sc0 ls20 ws36\">643<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bb y2f18 we9 h86\"><div class=\"t m0 x18f h88 y1bf8 ff1cb fs3a fc2 sc0 ls20 ws36\">559<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bc y2f18 we9 h86\"><div class=\"t m0 x210 h88 y1bf8 ff1cb fs3a fc2 sc0 ls20 ws36\">1,272<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3c0 y2f18 we9 h86\"><div class=\"t m0 x17f h87 y1bf8 ff1cc fs3a fc2 sc0 ls21 ws35\">2,88<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f19 we8 h8a\"><div class=\"t m0 x0 h87 y1c03 ff1cc fs3a fc2 sc0 ls21 ws35\">Total<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x252 y2f19 w27 h8a\"><div class=\"t m0 x17d h87 y1c03 ff1cc fs3a fc2 sc0 ls23 ws39\">11,912<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x377 y2f19 we9 h8a\"><div class=\"t m0 x17a h87 y1c03 ff1cc fs3a fc2 sc0 ls23 ws39\">24,384<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bb y2f19 we9 h8a\"><div class=\"t m0 x17d h87 y1c03 ff1cc fs3a fc2 sc0 ls23 ws39\">25,412<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bc y2f19 we9 h8a\"><div class=\"t m0 x17a h87 y1c03 ff1cc fs3a fc2 sc0 ls23 ws39\">62,016<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3c0 y2f19 we9 h8a\"><div class=\"t m0 x19e h87 y1c03 ff1cc fs3a fc2 sc0 ls21 ws35\">123,<span class=\"_ _2\"></span>724<span class=\"ls1 ws0\"> </span></div></td></tr></table>The above <span class=\"_ _2\"></span>tables exclude <span class=\"_ _2\"></span>vested deferred<span class=\"_ _2\"></span> participan<span class=\"_ _2\"></span>ts who have <span class=\"_ _2\"></span>not started<span class=\"_ _2\"></span> their retiremen<span class=\"_ _2\"></span>t payme<span class=\"_ _2\"></span>nts.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The Group also<span class=\"_ _2\"></span> provides defi<span class=\"_ _2\"></span>ned contribut<span class=\"_ _2\"></span>ion plans t<span class=\"_ _2\"></span>o certain <span class=\"_ _2\"></span>of its q<span class=\"_ _2\"></span>ualifying employees<span class=\"_ _2\"></span>. Group contri<span class=\"_ _2\"></span>butio<span class=\"_ _2\"></span>ns c<span class=\"_ _2\"></span>h<span class=\"ls2f ws70\">arged t<span class=\"_ _2\"></span>o expense fo<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">th<span class=\"_ _1\"></span>ese plans we<span class=\"_ _2\"></span>re $21<span class=\"ls4c ws79\">.6<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">million and $20.2<span class=\"_ _2\"></span></span> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">millio<span class=\"_ _2\"></span>n for the<span class=\"_ _2\"></span> years </span></span></span></span></span></span>ended November<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">30, 2025 and 2024, respectivel<span class=\"_ _1\"></span>y.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span><span class=\"ls1 ws0\"><span class=\"ls31 ws51\"><span class=\"ls1 ws0\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDefinedBenefitPlansExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-631": {
   "value": "Ke<span class=\"_ _1\"></span>y act<span class=\"_ _1\"></span>uar<span class=\"_ _1\"></span>ial a<span class=\"_ _1\"></span>ssum<span class=\"_ _1\"></span>pti<span class=\"_ _1\"></span>ons<span class=\"ls1 ws0\"> </span>The following <span class=\"_ _2\"></span>are the assump<span class=\"_ _2\"></span>tions used<span class=\"_ _2\"></span> in the m<span class=\"_ _2\"></span>easurement of <span class=\"_ _2\"></span>the p<span class=\"_ _2\"></span>rojected benefit <span class=\"_ _2\"></span>obligation fo<span class=\"_ _2\"></span>r the Group\u2019s defi<span class=\"_ _2\"></span>ned benefit<span class=\"_ _2\"></span> pension<span class=\"ff1c6 ls1 ws0\"> <span class=\"ls30 ws50\">plans<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> acc<span class=\"_ _2\"></span>umulate<span class=\"_ _2\"></span>d pr<span class=\"_ _2\"></span>ojecte<span class=\"_ _2\"></span>d be<span class=\"_ _2\"></span>nefit<span class=\"_ _2\"></span> oblig<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on fo<span class=\"_ _2\"></span>r U<span class=\"_ _2\"></span>S </span></span>post<span class=\"ls1 ws0\">-<span class=\"ls30 ws52\">retire<span class=\"_ _2\"></span>ment <span class=\"ls2f ws70\">medical pl<span class=\"_ _2\"></span>an <span class=\"ws4e\">benefits:<span class=\"_ _2\"></span></span></span></span> </span><table class=\"s w1b6 h161\" id=\"_5a59f747-a43b-4ff1-af7b-e31a6a28197a\"><tr><td></td><td class=\"t m0 x3a5 h82 y2ec5 ff1c6 fs3b fc2 sc0 ls1d ws49\">As of<span class=\"ls1 ws0\"> November <span class=\"ls1b ws2f\">30</span></span><span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"c x3a6 y2ec6 w8d hb7\"><div class=\"t m0 x177 h85 y2064 ff1c7 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3a7 y2ec6 w2a hb7\"><div class=\"t m0 x177 h82 y2064 ff1c6 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x3a8 y2ec7 w1b7 hfa\"><div class=\"t m0 x245 h87 y2c4d ff1c7 fs3a fc2 sc0 ls1f ws43\">Weight<span class=\"_ _2\"></span>ed<span class=\"ls1 ws0\">-</span><span class=\"ws33\">average assu<span class=\"_ _2\"></span>mption<span class=\"_ _2\"></span>s to determin<span class=\"_ _2\"></span>e proj<span class=\"_ _2\"></span>ected ben<span class=\"_ _2\"></span>efit<span class=\"_ _195\"> </span></span></div></td><td></td><td></td></tr><tr><td class=\"c x3a8 y2ec8 w1b8 hfa\"><div class=\"t m0 x245 h87 y2c4d ff1c7 fs3a fc2 sc0 ls2c ws91\">obligations:<span class=\"_ _195\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x266 y2ec9 wdd h86\"><div class=\"t m0 x0 h88 y1bde ff1c6 fs3a fc2 sc0 ls23 ws4b\">Discount r<span class=\"_ _1\"></span>ate<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3a6 y2ec9 w25 h86\"><div class=\"t m0 x185 h87 y1bde ff1c7 fs3a fc2 sc0 ls21 ws35\">5.20<span class=\"ls1 ws0\">%</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3a7 y2ec9 wdf h86\"><div class=\"t m0 x184 h88 y1bde ff1c6 fs3a fc2 sc0 ls20 ws36\">5.19%<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x266 y2eca wdd h8a\"><div class=\"t m0 x0 h88 y1c18 ff1c6 fs3a fc2 sc0 ls22 ws37\">Rate of comp<span class=\"_ _1\"></span>ensation increase<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3a6 y2eca w25 h8a\"><div class=\"t m0 x185 h87 y1c18 ff1c7 fs3a fc2 sc0 ls21 ws35\">3.60<span class=\"ls1 ws0\">%</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3a7 y2eca wdf h8a\"><div class=\"t m0 x184 h88 y1c18 ff1c6 fs3a fc2 sc0 ls20 ws36\">3.54%<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x266 y2ecb wdd h86\"><div class=\"t m0 x0 h88 y1be2 ff1c6 fs3a fc2 sc0 ls26 ws3d\">Rate of pension<span class=\"_ _1\"></span> increases<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3a6 y2ecb w25 h86\"><div class=\"t m0 x185 h87 y1be2 ff1c7 fs3a fc2 sc0 ls21 ws35\">2.85<span class=\"ls1 ws0\">%</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3a7 y2ecb wdf h86\"><div class=\"t m0 x184 h88 y1be2 ff1c6 fs3a fc2 sc0 ls20 ws36\">3.07%<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x266 y2ecc wdd h86\"><div class=\"t m0 x0 h88 y1be4 ff1c6 fs3a fc2 sc0 ls29 ws42\">Rate of pr<span class=\"_ _2\"></span>ice inflat<span class=\"_ _2\"></span>ion<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3a6 y2ecc w25 h86\"><div class=\"t m0 x185 h87 y1be4 ff1c7 fs3a fc2 sc0 ls21 ws35\">2.83<span class=\"ls1 ws0\">%</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3a7 y2ecc wdf h86\"><div class=\"t m0 x184 h88 y1be4 ff1c6 fs3a fc2 sc0 ls20 ws36\">3.14%<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x266 y2ecd wdd h8a\"><div class=\"t m0 x0 h88 y1c65 ff1c6 fs3a fc2 sc0 ls24 ws3a\">Life expectancy for an individual curr<span class=\"_ _2\"></span>ently at 65:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"t m0 x3a9 h88 y2ece ff1c6 fs3a fc2 sc0 ls2e ws5c\">Male<span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x3aa h87 y2ece ff1c7 fs3a fc2 sc0 ls21 ws35\">22.0<span class=\"ls1 ws0\"> </span>yrs<span class=\"_ _195\"> </span></td><td class=\"t m0 x3ab h88 y2ece ff1c6 fs3a fc2 sc0 ls1 ws0\">2<span class=\"_ _1\"></span>1<span class=\"ls29 ws42\">.0 yrs<span class=\"_ _195\"> </span></span></td></tr><tr><td class=\"c x266 y2ecf wdd h86\"><div class=\"t m0 x19a h88 y1bea ff1c6 fs3a fc2 sc0 ls2a ws45\">Female<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3a6 y2ecf w8d h86\"><div class=\"t m0 x180 h87 y1bea ff1c7 fs3a fc2 sc0 ls21 ws35\">23.0<span class=\"ls1 ws0\"> </span>yrs<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3a7 y2ecf w2a h86\"><div class=\"t m0 x181 h88 y1bea ff1c6 fs3a fc2 sc0 ls1 ws0\">2<span class=\"_ _1\"></span>3<span class=\"ls29 ws42\">.0 yrs</span><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span> </div></td></tr></table>The net period<span class=\"_ _2\"></span> pension expen<span class=\"_ _2\"></span>se and re<span class=\"_ _2\"></span>tiree medical expe<span class=\"_ _2\"></span>nse is b<span class=\"_ _2\"></span>ased on t<span class=\"_ _2\"></span>he prior yea<span class=\"_ _2\"></span>r\u2019s weighted average<span class=\"_ _2\"></span> as<span class=\"_ _2\"></span>sumpt<span class=\"_ _2\"></span>ions <span class=\"_ _2\"></span>for t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> projec<span class=\"_ _2\"></span>ted b<span class=\"_ _2\"></span>enefi<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">obligation.</span> </span>Expos<span class=\"_ _2\"></span>ure to va<span class=\"_ _2\"></span>riance<span class=\"_ _2\"></span>s in <span class=\"ws52\">hea<span class=\"_ _2\"></span>lthc<span class=\"_ _2\"></span>are<span class=\"ls1 ws0\"> </span><span class=\"ws50\">cost <span class=\"_ _2\"></span>trends<span class=\"_ _2\"></span> have<span class=\"_ _2\"></span> bee<span class=\"_ _2\"></span>n mi<span class=\"_ _2\"></span>tiga<span class=\"_ _2\"></span>ted to <span class=\"_ _2\"></span>the e<span class=\"_ _2\"></span>xte<span class=\"_ _2\"></span>nt t<span class=\"_ _2\"></span>hat a<span class=\"_ _2\"></span> 1% c<span class=\"_ _2\"></span>hang<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> </span></span></span>would have a<span class=\"_ _2\"></span> negligible e<span class=\"_ _2\"></span>ffect on<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">t<span class=\"_ _2\"></span>he acc<span class=\"_ _2\"></span>umul<span class=\"_ _2\"></span>ated p<span class=\"_ _2\"></span>ost<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">retirement benefit oblig<span class=\"_ _2\"></span>ation at the<span class=\"_ _2\"></span> end </span></span></span></span>of<span class=\"ls1 ws0\"> <span class=\"ls31 ws53\">2025<span class=\"ls50 ws7d\">. <span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></span></span></span><table class=\"s w1b9 h166\" id=\"_cb42c2ca-6bd9-43a2-a442-1b6bb9f50138\"><tr><td></td><td></td><td class=\"c x3b1 y2efa we1 he6\"><div class=\"t m0 x6e h82 y1c8e ff1cb fs3b fc2 sc0 ls1d ws2d\">Impact o<span class=\"_ _2\"></span>n <span class=\"ls1 ws0\">defined benefit o<span class=\"ls2d ws4a\">blig<span class=\"_ _2\"></span>ation</span></span><span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x3b1 y2efb we2 h80\"><div class=\"t m0 x19e h82 y25e2 ff1cb fs3b fc2 sc0 ls38 ws5e\">Change<span class=\"_ _1\"></span> in<span class=\"ls1 ws0\"> a<span class=\"ls1d ws31\">ssump<span class=\"_ _2\"></span>tion</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b2 y2efb we0 h80\"><div class=\"t m0 x1a0 h82 y25e2 ff1cb fs3b fc2 sc0 ls1d ws31\">Increa<span class=\"_ _2\"></span>se in <span class=\"ls1 ws0\">a</span>ssu<span class=\"_ _2\"></span>mption<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b3 y2efb we5 h80\"><div class=\"t m0 x188 h82 y25e2 ff1cb fs3b fc2 sc0 ls1 ws0\">Decrease in a<span class=\"ls1d ws31\">ssu<span class=\"_ _2\"></span>mption</span> </div></td></tr><tr><td class=\"c x24b y2efc we0 h8c\"><div class=\"t m0 x0 h88 y1c3f ff1cb fs3a fc2 sc0 ls23 ws4b\">Discount r<span class=\"_ _1\"></span>ate<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b1 y2efc we2 h8c\"><div class=\"t m0 x15 h88 y1c3f ff1cb fs3a fc2 sc0 ls20 ws36\">0.25%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b2 y2efc we0 h8c\"><div class=\"t m0 x19f h88 y1c3f ff1cb fs3a fc2 sc0 ls20 ws34\">Decre<span class=\"_ _2\"></span>ase by 2.3%<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b3 y2efc we5 h8c\"><div class=\"t m0 x1 h88 y1c3f ff1cb fs3a fc2 sc0 ls20 ws34\">Incre<span class=\"_ _2\"></span>ase by 2.4%<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2efd we0 h89\"><div class=\"t m0 x0 h88 y1bf4 ff1cb fs3a fc2 sc0 ls22 ws3e\">Compensa<span class=\"_ _1\"></span>tion<span class=\"ls1 ws0\"> </span><span class=\"ws37\">g<span class=\"_ _1\"></span>rowth rate</span><span class=\"ws37\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x3b1 y2efd we2 h89\"><div class=\"t m0 x15 h88 y1bf4 ff1cb fs3a fc2 sc0 ls20 ws36\">0.25%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b2 y2efd we0 h89\"><div class=\"t m0 x1 h88 y1bf4 ff1cb fs3a fc2 sc0 ls24 ws3a\">Increase by <span class=\"ls20 ws36\">2.1<span class=\"ls1 ws0\">%</span></span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x3b3 y2efd we5 h89\"><div class=\"t m0 x19f h88 y1bf4 ff1cb fs3a fc2 sc0 ls26 ws3d\">Decrease by <span class=\"ls20 ws36\">2.0<span class=\"ls1 ws0\">%</span></span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></div></td></tr><tr><td class=\"c x24b y2efe we0 h86\"><div class=\"t m0 x0 h88 y1bfa ff1cb fs3a fc2 sc0 ls22 ws37\">Pension<span class=\"_ _1\"></span> growth rate<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b1 y2efe we2 h86\"><div class=\"t m0 x15 h88 y1bfa ff1cb fs3a fc2 sc0 ls20 ws36\">0.25%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b2 y2efe we0 h86\"><div class=\"t m0 x1 h88 y1bfa ff1cb fs3a fc2 sc0 ls24 ws3a\">Increase by <span class=\"ls20 ws36\">2.2<span class=\"ls1 ws0\">%</span></span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x3b3 y2efe we5 h86\"><div class=\"t m0 x19f h88 y1bfa ff1cb fs3a fc2 sc0 ls26 ws3d\">Decrease by <span class=\"ls20 ws36\">2.2<span class=\"ls1 ws0\">%</span></span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></div></td></tr><tr><td class=\"c x24b y2eff we0 h94\"><div class=\"t m0 x0 h88 y1bff ff1cb fs3a fc2 sc0 ls29 ws42\">Price inflatio<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b1 y2eff we2 h94\"><div class=\"t m0 x15 h88 y1bff ff1cb fs3a fc2 sc0 ls20 ws36\">0.25%<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b2 y2eff we0 h94\"><div class=\"t m0 x1 h88 y1bff ff1cb fs3a fc2 sc0 ls24 ws3a\">Increase by <span class=\"ls20 ws36\">2.5<span class=\"ls1 ws0\">%</span></span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x3b3 y2eff we5 h94\"><div class=\"t m0 x19f h88 y1bff ff1cb fs3a fc2 sc0 ls26 ws3d\">Decrease by <span class=\"ls20 ws36\">2.4<span class=\"ls1 ws0\">%</span></span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></div></td></tr><tr><td></td><td></td><td class=\"c x3b5 y2f00 w1ba h115\"><div class=\"t m0 x245 h82 y29a6 ff1cb fs3b fc2 sc0 ls1d ws49\">Increa<span class=\"_ _2\"></span>se by 1<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">y<span class=\"ls2d wsa4\">ear in </span>a<span class=\"_ _195\"> </span></span></div><div class=\"t m0 x3b4 h82 y29a6 ff1cb fs3b fc2 sc0 ls1d ws31\">ssumption<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x3b6 h82 y2f01 ff1cb fs3b fc2 sc0 ls1 wse2\">Decrease b<span class=\"_ _2\"></span>y 1 <span class=\"ws0\">y<span class=\"ls2d wsa4\">ea<span class=\"_ _2\"></span>r in </span>a<span class=\"ls1d ws31\">ssu<span class=\"_ _2\"></span>mption<span class=\"_ _195\"> </span></span></span></td></tr><tr><td class=\"c x24b y2f02 we0 h89\"><div class=\"t m0 x0 h88 y1c50 ff1cb fs3a fc2 sc0 ls26 ws3d\">Life expecta<span class=\"_ _1\"></span>ncy<span class=\"ls1 ws0\"> </span></div></td><td></td><td class=\"c x3b2 y2f02 we0 h89\"><div class=\"t m0 x1 h88 y1c50 ff1cb fs3a fc2 sc0 ls24 ws3a\">Increase by 2.<span class=\"ls1 ws0\">7<span class=\"_ _1\"></span>%</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3b3 y2f02 we5 h89\"><div class=\"t m0 x19f h88 y1c50 ff1cb fs3a fc2 sc0 ls20 ws34\">Decre<span class=\"_ _2\"></span>ase by 2.7%<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>The ab<span class=\"_ _2\"></span>ove se<span class=\"_ _2\"></span>nsi<span class=\"_ _2\"></span>tivity<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span>nalyse<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e base<span class=\"_ _2\"></span>d o<span class=\"_ _2\"></span>n a c<span class=\"_ _2\"></span>hange<span class=\"_ _2\"></span> in a<span class=\"_ _2\"></span>n as<span class=\"_ _2\"></span>sum<span class=\"_ _2\"></span>ption w<span class=\"_ _2\"></span>hile<span class=\"_ _2\"></span> holdi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>all ot<span class=\"_ _2\"></span>her assum<span class=\"_ _2\"></span>ptions<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>nstan<span class=\"_ _2\"></span>t. In<span class=\"_ _2\"></span> prac<span class=\"_ _2\"></span>tic<span class=\"_ _2\"></span>e, thi<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> <span class=\"ls57 ws86\">is<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">unlik<span class=\"_ _2\"></span>ely<span class=\"_ _2\"></span> to occ<span class=\"_ _2\"></span>ur,<span class=\"_ _2\"></span> and c<span class=\"_ _2\"></span>hang<span class=\"_ _2\"></span>es i<span class=\"_ _2\"></span>n som<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> </span></span></span></span>assumptions may<span class=\"_ _2\"></span> be correla<span class=\"_ _2\"></span>ted. When c<span class=\"_ _2\"></span>alculating t<span class=\"_ _2\"></span>he sensitivity<span class=\"_ _2\"></span> of the<span class=\"_ _2\"></span> defined benefi<span class=\"_ _2\"></span>t obligation <span class=\"_ _2\"></span>to signifi<span class=\"_ _2\"></span>can<span class=\"_ _2\"></span>t actua<span class=\"_ _2\"></span>rial as<span class=\"_ _2\"></span>sump<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>s the same<span class=\"_ _2\"></span> method<span class=\"_ _2\"></span> (pre<span class=\"_ _2\"></span>sent val<span class=\"_ _2\"></span>ue of the<span class=\"_ _2\"></span> define<span class=\"_ _2\"></span>d benefi<span class=\"_ _2\"></span>t obl<span class=\"_ _2\"></span>igati<span class=\"_ _2\"></span>on calcul<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">w<span class=\"_ _2\"></span>ith <span class=\"_ _2\"></span>the pr<span class=\"_ _2\"></span>ojec<span class=\"_ _2\"></span>ted <span class=\"_ _2\"></span>unit<span class=\"_ _2\"></span> cred<span class=\"_ _2\"></span>it me<span class=\"_ _2\"></span>thod<span class=\"_ _2\"></span> at t<span class=\"_ _2\"></span>he end<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><span class=\"ws4f\">the reporti<span class=\"_ _2\"></span>ng <span class=\"ws52\">ye<span class=\"_ _2\"></span>ar<span class=\"ls2f ws70\">) has be<span class=\"_ _2\"></span>en applied </span></span></span></span></span>as whe<span class=\"_ _2\"></span>n ca<span class=\"_ _2\"></span>lcul<span class=\"_ _2\"></span>ating <span class=\"_ _2\"></span>the p<span class=\"_ _2\"></span>ensi<span class=\"_ _2\"></span><span class=\"ls2f ws70\">on liabili<span class=\"_ _2\"></span>ty recognised w<span class=\"_ _2\"></span>ithin the<span class=\"ls1 ws0\"> </span></span>bal<span class=\"_ _2\"></span>ance sh<span class=\"_ _2\"></span>eet<span class=\"ls50 ws7d\">. <span class=\"ls1 ws0\"> </span></span>The me<span class=\"_ _2\"></span>thod<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> type<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>ump<span class=\"_ _2\"></span>tions <span class=\"_ _2\"></span>used<span class=\"_ _2\"></span> in pre<span class=\"_ _2\"></span>pari<span class=\"_ _2\"></span>ng th<span class=\"_ _2\"></span>e se<span class=\"_ _2\"></span>nsit<span class=\"_ _2\"></span>ivi<span class=\"_ _2\"></span>ty an<span class=\"_ _2\"></span>alysi<span class=\"_ _2\"></span>s did<span class=\"_ _2\"></span> not<span class=\"_ _2\"></span> change<span class=\"_ _2\"></span> compare<span class=\"_ _2\"></span>d wi<span class=\"_ _2\"></span>th <span class=\"_ _2\"></span>the pre<span class=\"_ _2\"></span>vio<span class=\"_ _2\"></span>us <span class=\"ls2f ws4e\">yea<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\">. </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSensitivityAnalysisForActuarialAssumptionsExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-588": {
   "value": "26. Provisions  Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span>A pro<span class=\"_ _2\"></span>visi<span class=\"_ _2\"></span>on i<span class=\"_ _2\"></span>s rec<span class=\"_ _2\"></span>og<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d i<span class=\"_ _2\"></span>n the b<span class=\"_ _2\"></span>ala<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> she<span class=\"_ _2\"></span>et <span class=\"_ _2\"></span>when <span class=\"_ _2\"></span>the G<span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span>up ha<span class=\"_ _2\"></span>s a p<span class=\"_ _2\"></span>res<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> leg<span class=\"_ _2\"></span>al o<span class=\"_ _2\"></span>r co<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ucti<span class=\"_ _2\"></span>ve obligation as a result of a p<span class=\"_ _2\"></span>ast event, and it is prob<span class=\"_ _2\"></span>able that an outflow of economic benefits will<span class=\"_ _2\"></span> be requi<span class=\"_ _2\"></span>red t<span class=\"_ _2\"></span>o settl<span class=\"_ _2\"></span>e t<span class=\"_ _2\"></span>he obli<span class=\"_ _2\"></span>gati<span class=\"_ _2\"></span>on.<span class=\"_ _2\"></span> Provi<span class=\"_ _2\"></span>sio<span class=\"_ _2\"></span>ns ar<span class=\"_ _2\"></span>e meas<span class=\"_ _2\"></span><span class=\"ff1d4 ls61 wsac\">ured at m<span class=\"_ _2\"></span>anagement\u2019s best estimate of<span class=\"_ _2\"></span> the </span>expenditur<span class=\"_ _2\"></span>e requir<span class=\"_ _2\"></span>ed to <span class=\"_ _2\"></span>settle t<span class=\"_ _2\"></span>he obligati<span class=\"_ _2\"></span>on at t<span class=\"_ _2\"></span>he bal<span class=\"_ _2\"></span>ance sheet<span class=\"_ _2\"></span> date. I<span class=\"_ _2\"></span>f the eff<span class=\"_ _2\"></span>ect is<span class=\"_ _2\"></span> materi<span class=\"_ _2\"></span>al, provi<span class=\"_ _2\"></span>sio<span class=\"_ _2\"></span>ns <span class=\"_ _2\"></span>are r<span class=\"_ _2\"></span>eco<span class=\"_ _2\"></span>gnis<span class=\"_ _2\"></span>ed at<span class=\"_ _2\"></span> pre<span class=\"_ _2\"></span>se<span class=\"_ _2\"></span>nt v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> by d<span class=\"_ _2\"></span>isc<span class=\"_ _2\"></span>ounti<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> the e<span class=\"_ _2\"></span>xp<span class=\"_ _2\"></span>ect<span class=\"_ _2\"></span>ed fu<span class=\"_ _2\"></span>tur<span class=\"_ _2\"></span>e cas<span class=\"_ _2\"></span>h fl<span class=\"_ _2\"></span>ows <span class=\"_ _2\"></span>at <span class=\"_ _2\"></span>a <span class=\"ls1 ws0\"> </span>pre<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls49 wsaa\">t<span class=\"_ _2\"></span>ax r<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> r<span class=\"ls48 ws32\">ef<span class=\"_ _2\"></span>lects t<span class=\"_ _2\"></span>he time <span class=\"_ _2\"></span>value of <span class=\"_ _2\"></span>money. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span>When<span class=\"_ _2\"></span> a c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>act b<span class=\"_ _2\"></span>eco<span class=\"_ _2\"></span>mes <span class=\"_ _2\"></span>oner<span class=\"_ _2\"></span>ous<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> pre<span class=\"_ _2\"></span>sen<span class=\"_ _2\"></span>t obli<span class=\"_ _2\"></span>gat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> unde<span class=\"_ _2\"></span>r t<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span> is r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nis<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>as a provi<span class=\"_ _2\"></span>sio<span class=\"_ _2\"></span>n a<span class=\"_ _2\"></span>nd me<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>ed at<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e lo<span class=\"_ _2\"></span>wer <span class=\"_ _2\"></span>of<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">the expect<span class=\"_ _2\"></span>ed cost<span class=\"_ _2\"></span> of f<span class=\"_ _2\"></span>ulfilli<span class=\"_ _2\"></span>ng the co<span class=\"_ _2\"></span>ntract <span class=\"_ _2\"></span>and the <span class=\"_ _2\"></span>expected </span></span>cost of t<span class=\"_ _2\"></span>erminati<span class=\"_ _2\"></span>ng the co<span class=\"_ _2\"></span>ntract<span class=\"_ _2\"></span> as far <span class=\"_ _2\"></span>as they e<span class=\"_ _2\"></span>xceed th<span class=\"_ _2\"></span>e expected<span class=\"_ _2\"></span> econo<span class=\"_ _2\"></span>mic benefit<span class=\"_ _2\"></span>s of t<span class=\"_ _2\"></span>he cont<span class=\"_ _2\"></span>ract.<span class=\"_ _2\"></span> Add<span class=\"_ _2\"></span>iti<span class=\"_ _2\"></span>ons t<span class=\"_ _2\"></span>o pr<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>visi<span class=\"_ _2\"></span>ons <span class=\"_ _2\"></span>and re<span class=\"_ _2\"></span>ver<span class=\"_ _2\"></span>sals<span class=\"_ _2\"></span> ar<span class=\"_ _2\"></span>e ge<span class=\"_ _2\"></span>neral<span class=\"_ _2\"></span>ly r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he Co<span class=\"_ _2\"></span>nsoli<span class=\"_ _2\"></span>dat<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Inco<span class=\"_ _2\"></span>me St<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The present<span class=\"_ _2\"></span> value <span class=\"_ _2\"></span>of the <span class=\"_ _2\"></span>recogni<span class=\"_ _2\"></span>sed oblig<span class=\"_ _2\"></span>ations <span class=\"_ _2\"></span>associat<span class=\"_ _2\"></span>ed with<span class=\"_ _2\"></span> the retir<span class=\"_ _2\"></span>ement <span class=\"_ _2\"></span>of propert<span class=\"_ _2\"></span>y, <span class=\"ls1 ws0\"> </span>plant<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> eq<span class=\"_ _2\"></span>uipme<span class=\"_ _2\"></span>nt (<span class=\"_ _2\"></span>asse<span class=\"_ _2\"></span>t r<span class=\"_ _2\"></span>etir<span class=\"_ _2\"></span>em<span class=\"_ _2\"></span>ent ob<span class=\"_ _2\"></span>lig<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ons)<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>at r<span class=\"_ _2\"></span>esult<span class=\"_ _2\"></span> fr<span class=\"_ _2\"></span>om t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>acqui<span class=\"_ _2\"></span>siti<span class=\"_ _2\"></span>on, <span class=\"_ _2\"></span>co<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ucti<span class=\"_ _2\"></span>on,<span class=\"_ _2\"></span> devel<span class=\"_ _2\"></span>opme<span class=\"_ _2\"></span>nt <span class=\"_ _2\"></span>or n<span class=\"_ _2\"></span>orm<span class=\"_ _2\"></span>al use<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>an<span class=\"_ _2\"></span> asset<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> ad<span class=\"_ _2\"></span>ded<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>arryi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nt o<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">related a<span class=\"_ _2\"></span>sset. T<span class=\"_ _2\"></span>he </span></span>additional carrying<span class=\"_ _2\"></span> amount is dep<span class=\"_ _2\"></span>reciated <span class=\"_ _2\"></span>over the useful<span class=\"_ _2\"></span> life of t<span class=\"_ _2\"></span>he related a<span class=\"_ _2\"></span>sset. Additio<span class=\"_ _2\"></span>ns to and reductions from<span class=\"_ _2\"></span> the<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">prese<span class=\"_ _2\"></span>nt v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> of a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span> reti<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> obl<span class=\"_ _2\"></span>ig<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>ns t<span class=\"_ _2\"></span>hat r<span class=\"_ _2\"></span>esul<span class=\"_ _2\"></span>t f<span class=\"_ _2\"></span>rom c<span class=\"_ _2\"></span>ha<span class=\"_ _2\"></span>nges i<span class=\"_ _2\"></span>n </span></span>estim<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> ge<span class=\"_ _2\"></span>ner<span class=\"_ _2\"></span>ally r<span class=\"_ _2\"></span>eco<span class=\"_ _2\"></span>gni<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> by <span class=\"_ _2\"></span>adju<span class=\"_ _2\"></span>stin<span class=\"_ _2\"></span>g t<span class=\"_ _2\"></span>he car<span class=\"_ _2\"></span>ryi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>amount<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>et <span class=\"_ _2\"></span>and provision. If the <span class=\"_ _2\"></span>asset retirement obligation is<span class=\"_ _2\"></span> settled for <span class=\"_ _2\"></span>other than the carrying <span class=\"_ _2\"></span>amount of the liabilit<span class=\"_ _2\"></span>y, the<span class=\"ls1 ws0\"> <span class=\"ls49 ws7c\">Comp<span class=\"_ _2\"></span>any re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>s a gai<span class=\"_ _2\"></span>n or lo<span class=\"_ _2\"></span>ss on set<span class=\"_ _2\"></span>tlem<span class=\"_ _2\"></span>ent.<span class=\"_ _2\"></span></span> </span>A provision is established for obli<span class=\"_ _2\"></span>gations under lease agreements to dismantle and/or restore le<span class=\"_ _2\"></span>ased property to its original condition. Sho<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls56 wsbf\">ter<span class=\"_ _2\"></span>m provi<span class=\"_ _2\"></span>sions<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span><table class=\"s w1c1 h16a\" id=\"_8c894582-26ca-4794-a67b-4c8029598af2\"><tr><td></td><td class=\"c x3c9 y2f1a w1c2 h10c\"><div class=\"t m0 x245 h82 y2e0b ff1d5 fs3b fc2 sc0 ls2d ws4a\">Claims<span class=\"_ _195\"> </span></div></td><td class=\"c x3cb y2f1a w1c3 h10c\"><div class=\"t m0 x245 h82 y2e0b ff1d5 fs3b fc2 sc0 ls1 ws0\">E<span class=\"_ _195\"> </span></div><div class=\"t m0 x3ca h82 y2e0b ff1d5 fs3b fc2 sc0 ls1 ws0\">nvironmental<span class=\"_ _195\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x246 y2f1b w150 h10c\"><div class=\"t m0 x245 h82 y2e0b ff1d5 fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2b9 h82 y2e0b ff1d5 fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x3cc y2f1c w1c4 h10c\"><div class=\"t m0 x245 h82 y2e0b ff1d5 fs3b fc2 sc0 ls1 ws0\">provision<span class=\"_ _195\"> </span></div></td><td class=\"c x3cd y2f1c w1c4 h10c\"><div class=\"t m0 x245 h82 y2e0b ff1d5 fs3b fc2 sc0 ls1 ws0\">provision<span class=\"_ _195\"> </span></div></td><td class=\"c x3ac y2f1d we9 hb6\"><div class=\"t m0 xd2 h82 y2307 ff1d5 fs3b fc2 sc0 ls1 ws0\">Restructuring </div></td><td class=\"c x3ce y2f1d wec hb6\"><div class=\"t m0 x18f h85 y2307 ff1d2 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x24b y2f1e wea h86\"><div class=\"t m0 x0 h87 y1bef ff1d2 fs3a fc2 sc0 ls1f ws33\">Balan<span class=\"_ _2\"></span>ce at Decemb<span class=\"_ _2\"></span>er 1, 202<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3cf y2f1e web h86\"><div class=\"t m0 x179 h87 y1bef ff1d2 fs3a fc2 sc0 ls21 ws35\">404<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3d0 y2f1e w27 h86\"><div class=\"t m0 x18f h87 y1bef ff1d2 fs3a fc2 sc0 ls21 ws35\">117<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ac y2f1e we9 h86\"><div class=\"t m0 x188 h87 y1bef ff1d6 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff1d2\"> </span></div></td><td class=\"c x3ce y2f1e wec h86\"><div class=\"t m0 x179 h87 y1bef ff1d2 fs3a fc2 sc0 ls21 ws35\">521<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f1f wea ha1\"><div class=\"t m0 x0 h88 y1c4c ff1d5 fs3a fc2 sc0 ls26 ws3d\">Reversal (<span class=\"_ _1\"></span>a<span class=\"ls29 ws44\">ddit<span class=\"_ _2\"></span>ional</span><span class=\"ls29 ws44\"><span class=\"ls8b ws38\">) <span class=\"ls22 ws37\">p<span class=\"_ _1\"></span>rovisions recognised<span class=\"_ _1\"></span><span class=\"ls24 ws3a\">, net<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span></div></td><td class=\"c x3cf y2f1f wed ha1\"><div class=\"t m0 x183 h88 y1c4c ff1d5 fs3a fc2 sc0 ls20 ws36\">(29)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3d0 y2f1f wee ha1\"><div class=\"t m0 x179 h88 y1c4c ff1d5 fs3a fc2 sc0 ls20 ws36\">(62)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ac y2f1f we9 ha1\"><div class=\"t m0 x179 h88 y1c4c ff1d5 fs3a fc2 sc0 ls20 ws36\">195<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ce y2f1f wec ha1\"><div class=\"t m0 x179 h88 y1c4c ff1d5 fs3a fc2 sc0 ls20 ws36\">104<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f20 wea h8a\"><div class=\"t m0 x0 h88 y1c3f ff1d5 fs3a fc2 sc0 ls22 ws37\">Reductions a<span class=\"_ _1\"></span>rising from pa<span class=\"_ _1\"></span>yments<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3cf y2f20 wed h8a\"><div class=\"t m0 x181 h88 y1c3f ff1d5 fs3a fc2 sc0 ls20 ws36\">(129)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3d0 y2f20 wee h8a\"><div class=\"t m0 x181 h88 y1c3f ff1d5 fs3a fc2 sc0 ls20 ws36\">(113)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ac y2f20 we9 h8a\"><div class=\"t m0 x47 h88 y1c3f ff1d7 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1d5\"> </span></div></td><td class=\"c x3ce y2f20 wef h8a\"><div class=\"t m0 x181 h88 y1c3f ff1d5 fs3a fc2 sc0 ls20 ws36\">(242)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f21 wea h86\"><div class=\"t m0 x0 h88 y1bf8 ff1d5 fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3cf y2f21 web h86\"><div class=\"t m0 x185 h88 y1bf8 ff1d5 fs3a fc2 sc0 ls20 ws36\">23<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3d0 y2f21 w27 h86\"><div class=\"t m0 x182 h88 y1bf8 ff1d5 fs3a fc2 sc0 ls20 ws36\">58<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ac y2f21 we9 h86\"><div class=\"t m0 x47 h88 y1bf8 ff1d7 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1d5\"> </span></div></td><td class=\"c x3ce y2f21 wec h86\"><div class=\"t m0 x185 h88 y1bf8 ff1d5 fs3a fc2 sc0 ls20 ws36\">81<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2941 wea h86\"><div class=\"t m0 x0 h87 y1bfa ff1d2 fs3a fc2 sc0 ls23 wsc7\">Balance<span class=\"_ _1\"></span> at Nove<span class=\"_ _1\"></span>mber 30, 2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3cf y2941 web h86\"><div class=\"t m0 x179 h87 y1bfa ff1d2 fs3a fc2 sc0 ls21 ws35\">269<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3d0 y2941 w27 h86\"><div class=\"t m0 x47 h87 y1bfa ff1d6 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff1d2\"> </span></div></td><td class=\"c x3ac y2941 we9 h86\"><div class=\"t m0 x179 h87 y1bfa ff1d2 fs3a fc2 sc0 ls21 ws35\">195<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ce y2941 wec h86\"><div class=\"t m0 x179 h87 y1bfa ff1d2 fs3a fc2 sc0 ls21 ws35\">464<span class=\"ls1 ws0\"> </span></div></td></tr></table>The claims pr<span class=\"_ _2\"></span>ovision <span class=\"ls30 ws4f\">is<span class=\"_ _2\"></span> in rel<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n to<span class=\"ls1 ws0\"> <span class=\"ls47 ws71\">sho<span class=\"_ _1\"></span>rt<span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">term cl<span class=\"_ _2\"></span>aims m<span class=\"_ _2\"></span>ade<span class=\"_ _2\"></span> aga<span class=\"_ _2\"></span>inst t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup b<span class=\"_ _2\"></span>y e<span class=\"_ _2\"></span>xtern<span class=\"_ _2\"></span>al p<span class=\"_ _2\"></span>arties<span class=\"_ _2\"></span>. </span></span></span></span></span>See below und<span class=\"_ _2\"></span>er Long<span class=\"ls1 ws0\">-</span>term provision<span class=\"_ _2\"></span>s.<span class=\"ls1 ws0\"> </span>The <span class=\"ls30 ws52\">restruct<span class=\"_ _2\"></span>uring<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">p<span class=\"_ _2\"></span>rovi<span class=\"_ _2\"></span>sion<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">re<span class=\"_ _2\"></span>late<span class=\"_ _2\"></span><span class=\"ls1 ws0\">s<span class=\"_ _1\"></span> <span class=\"ls4a ws76\">to <span class=\"ls30 ws50\">severanc<span class=\"_ _2\"></span>e p<span class=\"_ _2\"></span>aymen<span class=\"_ _2\"></span>ts. <span class=\"_ _2\"></span></span></span> </span></span></span></span></span></span>Long<span class=\"ls1 ws0\">-</span><span class=\"wsbf\">term p<span class=\"_ _2\"></span>rovisions<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span><table class=\"s w16b h16b\" id=\"_f0844006-3285-45ab-841d-52e12725b606\"><tr><td></td><td></td><td class=\"c x3d1 y2f22 we9 hec\"><div class=\"t m0 x187 h82 y262e ff1d5 fs3b fc2 sc0 ls1d ws31\">Asset </div></td><td></td><td></td></tr><tr><td></td><td class=\"c x3d3 y2f23 w1c5 h103\"><div class=\"t m0 x245 h82 y29a6 ff1d5 fs3b fc2 sc0 ls1 ws0\">E<span class=\"_ _195\"> </span></div><div class=\"t m0 x3d2 h82 y29a6 ff1d5 fs3b fc2 sc0 ls1 ws0\">nvironmental<span class=\"_ _195\"> </span></div></td><td class=\"c x3d5 y2f23 w1c6 h103\"><div class=\"t m0 x245 h82 y29a6 ff1d5 fs3b fc2 sc0 ls1 ws0\">r<span class=\"_ _195\"> </span></div><div class=\"t m0 x3d4 h82 y29a6 ff1d5 fs3b fc2 sc0 ls1 ws0\">etirement<span class=\"_ _195\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x246 y2f24 w170 h103\"><div class=\"t m0 x245 h82 y29a6 ff1d5 fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2f3 h82 y29a6 ff1d5 fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x3d6 h82 y2f25 ff1d5 fs3b fc2 sc0 ls1 ws0\">provision<span class=\"_ _195\"> </span></td><td class=\"c x3d8 y2f26 w1c7 h103\"><div class=\"t m0 x245 h82 y29a6 ff1d5 fs3b fc2 sc0 ls1 ws0\">o<span class=\"_ _195\"> </span></div><div class=\"t m0 x3d7 h82 y29a6 ff1d5 fs3b fc2 sc0 ls2d ws4a\">bligation<span class=\"_ _2\"></span>s<span class=\"_ _195\"> </span></div></td><td class=\"c x3bc y2f22 wf1 hec\"><div class=\"t m0 x1a6 h82 y22db ff1d5 fs3b fc2 sc0 ls2d ws4a\">Claims<span class=\"ls1 ws0\"> provision</span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3d9 y2f22 wf2 hec\"><div class=\"t m0 x180 h85 y22db ff1d2 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x241 y2f27 wf0 h8a\"><div class=\"t m0 x0 h87 y1bf6 ff1d2 fs3a fc2 sc0 ls2e ws6e\">Balance at <span class=\"ls1f ws3e\">Decemb<span class=\"_ _2\"></span>er 1<span class=\"ls2a wse3\">, 20<span class=\"ls66 ws9d\">24</span></span></span><span class=\"ls1f ws3e\"><span class=\"ls2a wse3\"><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></span></span></div></td><td class=\"c x3bd y2f27 w36 h8a\"><div class=\"t m0 x1a0 h87 y1bf6 ff1d6 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff1d2\"> </span></div></td><td class=\"c x3d1 y2f27 we9 h8a\"><div class=\"t m0 x17f h87 y1bf6 ff1d2 fs3a fc2 sc0 ls21 ws35\">1,92<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bc y2f27 wf1 h8a\"><div class=\"t m0 x181 h87 y1bf6 ff1d2 fs3a fc2 sc0 ls23 ws39\">13,121<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3d9 y2f27 wf2 h8a\"><div class=\"t m0 x17c h87 y1bf6 ff1d2 fs3a fc2 sc0 ls23 ws39\">15,049<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f28 wf0 ha1\"><div class=\"t m0 x0 h88 y1bf8 ff1d5 fs3a fc2 sc0 ls24 ws3a\">Business combinations<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bd y2f28 w36 ha1\"><div class=\"t m0 x181 h88 y1bf8 ff1d5 fs3a fc2 sc0 ls20 ws36\">2,036<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3d1 y2f28 we9 ha1\"><div class=\"t m0 x47 h88 y1bf8 ff1d7 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1d5\"> </span></div></td><td class=\"c x3bc y2f28 wf1 ha1\"><div class=\"t m0 x193 h88 y1bf8 ff1d7 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1d5\"> </span></div></td><td class=\"c x3d9 y2f28 wf2 ha1\"><div class=\"t m0 x17b h88 y1bf8 ff1d5 fs3a fc2 sc0 ls20 ws36\">2,036<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f29 wf0 h86\"><div class=\"t m0 x0 h88 y1bfa ff1d5 fs3a fc2 sc0 ls1 ws0\">A<span class=\"ls28 ws40\">dditional<span class=\"_ _2\"></span></span> <span class=\"_ _1\"></span><span class=\"ls22 ws37\">provisions recogni<span class=\"_ _1\"></span>sed<span class=\"ls24 ws3a\">, net</span></span><span class=\"ls22 ws37\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x3bd y2f29 w36 h86\"><div class=\"t m0 x1a0 h88 y1bfa ff1d7 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1d5\"> </span></div></td><td class=\"c x3d1 y2f29 we9 h86\"><div class=\"t m0 x185 h88 y1bfa ff1d5 fs3a fc2 sc0 ls20 ws36\">11<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bc y2f29 wf1 h86\"><div class=\"t m0 x47 h88 y1bfa ff1d5 fs3a fc2 sc0 ls20 ws36\">429<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3d9 y2f29 wf2 h86\"><div class=\"t m0 x181 h88 y1bfa ff1d5 fs3a fc2 sc0 ls20 ws36\">440<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f2a wf0 h8a\"><div class=\"t m0 x0 h88 y1be0 ff1d5 fs3a fc2 sc0 ls26 ws3d\">Transfer to accrued<span class=\"_ _1\"></span> expenses<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bd y2f2a w36 h8a\"><div class=\"t m0 x1a0 h88 y1be0 ff1d7 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1d5\"> </span></div></td><td class=\"c x3d1 y2f2a wee h8a\"><div class=\"t m0 x181 h88 y1be0 ff1d5 fs3a fc2 sc0 ls20 ws36\">(200)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bc y2f2a wf1 h8a\"><div class=\"t m0 x193 h88 y1be0 ff1d7 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1d5\"> </span></div></td><td class=\"c x3d9 y2f2a wf3 h8a\"><div class=\"t m0 x17f h88 y1be0 ff1d5 fs3a fc2 sc0 ls20 ws36\">(200)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f2b wf0 h86\"><div class=\"t m0 x0 h88 y1bde ff1d5 fs3a fc2 sc0 ls26 ws3d\">Net foreign exchang<span class=\"_ _1\"></span>e differences<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bd y2f2b w36 h86\"><div class=\"t m0 x1a0 h88 y1bde ff1d7 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1d5\"> </span></div></td><td class=\"c x3d1 y2f2b we9 h86\"><div class=\"t m0 x188 h88 y1bde ff1d5 fs3a fc2 sc0 ls1 ws0\">9<span class=\"_ _1\"></span> </div></td><td class=\"c x3bc y2f2b wf1 h86\"><div class=\"t m0 x171 h88 y1bde ff1d5 fs3a fc2 sc0 ls1 ws0\">3<span class=\"_ _1\"></span>3 </div></td><td class=\"c x3d9 y2f2b wf2 h86\"><div class=\"t m0 x183 h88 y1bde ff1d5 fs3a fc2 sc0 ls1 ws0\">4<span class=\"_ _1\"></span>2 </div></td></tr><tr><td class=\"c x241 y2f2c wf0 h86\"><div class=\"t m0 x0 h87 y1c05 ff1d2 fs3a fc2 sc0 ls2e ws6e\">Balance at November 30, 20<span class=\"ls66 ws9d\">25</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x3bd y2f2c w36 h86\"><div class=\"t m0 x181 h87 y1c05 ff1d2 fs3a fc2 sc0 ls21 ws35\">2,03<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3d1 y2f2c we9 h86\"><div class=\"t m0 x17f h87 y1c05 ff1d2 fs3a fc2 sc0 ls21 ws35\">1,74<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3bc y2f2c wf1 h86\"><div class=\"t m0 x181 h87 y1c05 ff1d2 fs3a fc2 sc0 ls23 ws39\">13,58<span class=\"ls1 ws0\">3</span><span class=\"ls1 ws0\"><span class=\"_ _1\"></span> </span></div></td><td class=\"c x3d9 y2f2c wf2 h86\"><div class=\"t m0 x17c h87 y1c05 ff1d2 fs3a fc2 sc0 ls23 ws39\">17,36<span class=\"ls1 ws0\">7</span><span class=\"ls1 ws0\"><span class=\"_ _1\"></span> </span></div></td></tr></table>The e<span class=\"_ _2\"></span>nviro<span class=\"_ _2\"></span>nment<span class=\"_ _2\"></span>al pr<span class=\"_ _2\"></span>ovisi<span class=\"_ _2\"></span>on w<span class=\"_ _2\"></span>as r<span class=\"_ _2\"></span>ecord<span class=\"_ _2\"></span>ed f<span class=\"_ _2\"></span>or pot<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>ial<span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">depo<span class=\"_ _2\"></span>t <span class=\"_ _1\"></span><span class=\"ls30 ws52\">cl<span class=\"_ _2\"></span>ean<span class=\"ls1 ws0\">-<span class=\"ls60 wsad\">up cos<span class=\"_ _1\"></span>ts <span class=\"ls30 ws4f\">in rela<span class=\"_ _2\"></span>tion t<span class=\"_ _2\"></span>o the </span></span></span></span></span></span>Sutto<span class=\"_ _2\"></span>ns ac<span class=\"_ _2\"></span>quisi<span class=\"_ _2\"></span>tion<span class=\"ls1 ws0\">. </span>The asset retirement obligation<span class=\"_ _2\"></span>s relate to an obligation to dismantle and/or restore cert<span class=\"_ _2\"></span>ain offices<span class=\"ls1 ws0\"> </span>that the<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span> has leas<span class=\"_ _2\"></span>ed to<span class=\"_ _2\"></span> their<span class=\"ls1 ws0\"> </span><span class=\"ws52\">pre<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">leased condi<span class=\"_ _2\"></span>tion. At</span> <span class=\"ls31 ws51\">November 30, 202</span>5<span class=\"_ _1\"></span>, <span class=\"ls30 ws4f\">these amou<span class=\"_ _2\"></span>nts </span></span></span>related to obligations on certain offices with this obliga<span class=\"_ _2\"></span>tion. Amounts<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">are </span></span><span class=\"ws70\">estimated based<span class=\"_ _2\"></span> on<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">the </span></span></span>present value of<span class=\"_ _2\"></span> the expec<span class=\"_ _2\"></span>ted future cos<span class=\"_ _2\"></span>ts to <span class=\"_ _2\"></span><span class=\"ls1 ws0\">r<span class=\"ls30 ws50\">estore t<span class=\"_ _2\"></span>he le<span class=\"_ _2\"></span>ased p<span class=\"_ _2\"></span>rop<span class=\"_ _2\"></span>erty<span class=\"_ _2\"></span> in <span class=\"_ _2\"></span>accord<span class=\"_ _2\"></span>ance w<span class=\"_ _2\"></span>ith<span class=\"_ _2\"></span> the </span></span>lease<span class=\"_ _2\"></span> cont<span class=\"_ _2\"></span>racts<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">an<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span> are expec<span class=\"_ _2\"></span>ted to be <span class=\"_ _2\"></span>utilised <span class=\"ls30 ws52\">i<span class=\"_ _2\"></span>n <span class=\"ws50\">approxim<span class=\"_ _2\"></span>ately<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>wo <span class=\"ls4a ws76\">to four<span class=\"ls1 ws0\"> </span></span></span>years<span class=\"_ _2\"></span><span class=\"ls50 ws7d\">. <span class=\"ls1 ws0\"> </span></span></span></span></span>The cl<span class=\"_ _2\"></span>aims<span class=\"_ _2\"></span> provi<span class=\"_ _2\"></span>sion<span class=\"_ _2\"></span> rela<span class=\"_ _2\"></span>tes<span class=\"_ _2\"></span> to cl<span class=\"_ _2\"></span>aims m<span class=\"_ _2\"></span>ade <span class=\"_ _2\"></span>agai<span class=\"_ _2\"></span>nst <span class=\"_ _2\"></span>the G<span class=\"_ _2\"></span>roup b<span class=\"_ _2\"></span>y ex<span class=\"_ _2\"></span>tern<span class=\"_ _2\"></span>al p<span class=\"_ _2\"></span>arties<span class=\"_ _2\"></span>. The<span class=\"_ _2\"></span>se re<span class=\"_ _2\"></span>late<span class=\"_ _2\"></span> to third<span class=\"ls1 ws0\">-</span><span class=\"ws50\">par<span class=\"_ _2\"></span>ty cl<span class=\"_ _2\"></span>aims<span class=\"_ _2\"></span> such<span class=\"_ _2\"></span> as co<span class=\"_ _2\"></span>llisi<span class=\"_ _2\"></span>on, p<span class=\"_ _2\"></span>rope<span class=\"_ _2\"></span>rty d<span class=\"_ _2\"></span>amage<span class=\"_ _2\"></span>, po<span class=\"_ _2\"></span>lluti<span class=\"_ _2\"></span>on, e<span class=\"_ _2\"></span>nviro<span class=\"_ _2\"></span>nment<span class=\"_ _2\"></span>al d<span class=\"_ _2\"></span>amage<span class=\"_ _2\"></span>, gene<span class=\"_ _2\"></span>ral<span class=\"_ _2\"></span> </span>average<span class=\"_ _2\"></span>, i<span class=\"_ _2\"></span>njury<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> carg<span class=\"_ _2\"></span>o clai<span class=\"_ _2\"></span>ms.<span class=\"_ _2\"></span> In m<span class=\"_ _2\"></span>ost c<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span>s, leg<span class=\"_ _2\"></span>al p<span class=\"_ _2\"></span>rovis<span class=\"_ _2\"></span>ions<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> se<span class=\"_ _2\"></span>ttled<span class=\"_ _2\"></span> on a <span class=\"_ _2\"></span>net b<span class=\"_ _2\"></span>asis<span class=\"_ _2\"></span> by insur<span class=\"_ _2\"></span>ance c<span class=\"_ _2\"></span>ompa<span class=\"_ _2\"></span>nies<span class=\"_ _2\"></span>. The <span class=\"_ _2\"></span>timi<span class=\"_ _2\"></span>ng o<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he pay<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>s of <span class=\"_ _2\"></span>the lo<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2f ws70\">te<span class=\"_ _2\"></span>rm provisions<span class=\"_ _2\"></span> is expected<span class=\"_ _2\"></span> to <span class=\"ls1 ws0\"> </span></span></span>be gre<span class=\"_ _2\"></span>ater <span class=\"_ _2\"></span>than<span class=\"_ _2\"></span> one y<span class=\"_ _2\"></span>ea<span class=\"_ _2\"></span>r. <span class=\"ls1 ws0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-684": {
   "value": "Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span>A pro<span class=\"_ _2\"></span>visi<span class=\"_ _2\"></span>on i<span class=\"_ _2\"></span>s rec<span class=\"_ _2\"></span>og<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d i<span class=\"_ _2\"></span>n the b<span class=\"_ _2\"></span>ala<span class=\"_ _2\"></span>nce<span class=\"_ _2\"></span> she<span class=\"_ _2\"></span>et <span class=\"_ _2\"></span>when <span class=\"_ _2\"></span>the G<span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span>up ha<span class=\"_ _2\"></span>s a p<span class=\"_ _2\"></span>res<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> leg<span class=\"_ _2\"></span>al o<span class=\"_ _2\"></span>r co<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ucti<span class=\"_ _2\"></span>ve obligation as a result of a p<span class=\"_ _2\"></span>ast event, and it is prob<span class=\"_ _2\"></span>able that an outflow of economic benefits will<span class=\"_ _2\"></span> be requi<span class=\"_ _2\"></span>red t<span class=\"_ _2\"></span>o settl<span class=\"_ _2\"></span>e t<span class=\"_ _2\"></span>he obli<span class=\"_ _2\"></span>gati<span class=\"_ _2\"></span>on.<span class=\"_ _2\"></span> Provi<span class=\"_ _2\"></span>sio<span class=\"_ _2\"></span>ns ar<span class=\"_ _2\"></span>e meas<span class=\"_ _2\"></span><span class=\"ff1d4 ls61 wsac\">ured at m<span class=\"_ _2\"></span>anagement\u2019s best estimate of<span class=\"_ _2\"></span> the </span>expenditur<span class=\"_ _2\"></span>e requir<span class=\"_ _2\"></span>ed to <span class=\"_ _2\"></span>settle t<span class=\"_ _2\"></span>he obligati<span class=\"_ _2\"></span>on at t<span class=\"_ _2\"></span>he bal<span class=\"_ _2\"></span>ance sheet<span class=\"_ _2\"></span> date. I<span class=\"_ _2\"></span>f the eff<span class=\"_ _2\"></span>ect is<span class=\"_ _2\"></span> materi<span class=\"_ _2\"></span>al, provi<span class=\"_ _2\"></span>sio<span class=\"_ _2\"></span>ns <span class=\"_ _2\"></span>are r<span class=\"_ _2\"></span>eco<span class=\"_ _2\"></span>gnis<span class=\"_ _2\"></span>ed at<span class=\"_ _2\"></span> pre<span class=\"_ _2\"></span>se<span class=\"_ _2\"></span>nt v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> by d<span class=\"_ _2\"></span>isc<span class=\"_ _2\"></span>ounti<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> the e<span class=\"_ _2\"></span>xp<span class=\"_ _2\"></span>ect<span class=\"_ _2\"></span>ed fu<span class=\"_ _2\"></span>tur<span class=\"_ _2\"></span>e cas<span class=\"_ _2\"></span>h fl<span class=\"_ _2\"></span>ows <span class=\"_ _2\"></span>at <span class=\"_ _2\"></span>a <span class=\"ls1 ws0\"> </span>pre<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls49 wsaa\">t<span class=\"_ _2\"></span>ax r<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> r<span class=\"ls48 ws32\">ef<span class=\"_ _2\"></span>lects t<span class=\"_ _2\"></span>he time <span class=\"_ _2\"></span>value of <span class=\"_ _2\"></span>money. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></span>When<span class=\"_ _2\"></span> a c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>act b<span class=\"_ _2\"></span>eco<span class=\"_ _2\"></span>mes <span class=\"_ _2\"></span>oner<span class=\"_ _2\"></span>ous<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> pre<span class=\"_ _2\"></span>sen<span class=\"_ _2\"></span>t obli<span class=\"_ _2\"></span>gat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> unde<span class=\"_ _2\"></span>r t<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>act<span class=\"_ _2\"></span> is r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nis<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>as a provi<span class=\"_ _2\"></span>sio<span class=\"_ _2\"></span>n a<span class=\"_ _2\"></span>nd me<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>ed at<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e lo<span class=\"_ _2\"></span>wer <span class=\"_ _2\"></span>of<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">the expect<span class=\"_ _2\"></span>ed cost<span class=\"_ _2\"></span> of f<span class=\"_ _2\"></span>ulfilli<span class=\"_ _2\"></span>ng the co<span class=\"_ _2\"></span>ntract <span class=\"_ _2\"></span>and the <span class=\"_ _2\"></span>expected </span></span>cost of t<span class=\"_ _2\"></span>erminati<span class=\"_ _2\"></span>ng the co<span class=\"_ _2\"></span>ntract<span class=\"_ _2\"></span> as far <span class=\"_ _2\"></span>as they e<span class=\"_ _2\"></span>xceed th<span class=\"_ _2\"></span>e expected<span class=\"_ _2\"></span> econo<span class=\"_ _2\"></span>mic benefit<span class=\"_ _2\"></span>s of t<span class=\"_ _2\"></span>he cont<span class=\"_ _2\"></span>ract.<span class=\"_ _2\"></span> Add<span class=\"_ _2\"></span>iti<span class=\"_ _2\"></span>ons t<span class=\"_ _2\"></span>o pr<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>visi<span class=\"_ _2\"></span>ons <span class=\"_ _2\"></span>and re<span class=\"_ _2\"></span>ver<span class=\"_ _2\"></span>sals<span class=\"_ _2\"></span> ar<span class=\"_ _2\"></span>e ge<span class=\"_ _2\"></span>neral<span class=\"_ _2\"></span>ly r<span class=\"_ _2\"></span>ecog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>d i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he Co<span class=\"_ _2\"></span>nsoli<span class=\"_ _2\"></span>dat<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Inco<span class=\"_ _2\"></span>me St<span class=\"_ _2\"></span>atem<span class=\"_ _2\"></span>ent.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The present<span class=\"_ _2\"></span> value <span class=\"_ _2\"></span>of the <span class=\"_ _2\"></span>recogni<span class=\"_ _2\"></span>sed oblig<span class=\"_ _2\"></span>ations <span class=\"_ _2\"></span>associat<span class=\"_ _2\"></span>ed with<span class=\"_ _2\"></span> the retir<span class=\"_ _2\"></span>ement <span class=\"_ _2\"></span>of propert<span class=\"_ _2\"></span>y, <span class=\"ls1 ws0\"> </span>plant<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> eq<span class=\"_ _2\"></span>uipme<span class=\"_ _2\"></span>nt (<span class=\"_ _2\"></span>asse<span class=\"_ _2\"></span>t r<span class=\"_ _2\"></span>etir<span class=\"_ _2\"></span>em<span class=\"_ _2\"></span>ent ob<span class=\"_ _2\"></span>lig<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>ons)<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>at r<span class=\"_ _2\"></span>esult<span class=\"_ _2\"></span> fr<span class=\"_ _2\"></span>om t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>acqui<span class=\"_ _2\"></span>siti<span class=\"_ _2\"></span>on, <span class=\"_ _2\"></span>co<span class=\"_ _2\"></span>nstr<span class=\"_ _2\"></span>ucti<span class=\"_ _2\"></span>on,<span class=\"_ _2\"></span> devel<span class=\"_ _2\"></span>opme<span class=\"_ _2\"></span>nt <span class=\"_ _2\"></span>or n<span class=\"_ _2\"></span>orm<span class=\"_ _2\"></span>al use<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>an<span class=\"_ _2\"></span> asset<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> ad<span class=\"_ _2\"></span>ded<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>arryi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>amou<span class=\"_ _2\"></span>nt o<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">related a<span class=\"_ _2\"></span>sset. T<span class=\"_ _2\"></span>he </span></span>additional carrying<span class=\"_ _2\"></span> amount is dep<span class=\"_ _2\"></span>reciated <span class=\"_ _2\"></span>over the useful<span class=\"_ _2\"></span> life of t<span class=\"_ _2\"></span>he related a<span class=\"_ _2\"></span>sset. Additio<span class=\"_ _2\"></span>ns to and reductions from<span class=\"_ _2\"></span> the<span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">prese<span class=\"_ _2\"></span>nt v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> of a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span> reti<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> obl<span class=\"_ _2\"></span>ig<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>ns t<span class=\"_ _2\"></span>hat r<span class=\"_ _2\"></span>esul<span class=\"_ _2\"></span>t f<span class=\"_ _2\"></span>rom c<span class=\"_ _2\"></span>ha<span class=\"_ _2\"></span>nges i<span class=\"_ _2\"></span>n </span></span>estim<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> ge<span class=\"_ _2\"></span>ner<span class=\"_ _2\"></span>ally r<span class=\"_ _2\"></span>eco<span class=\"_ _2\"></span>gni<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> by <span class=\"_ _2\"></span>adju<span class=\"_ _2\"></span>stin<span class=\"_ _2\"></span>g t<span class=\"_ _2\"></span>he car<span class=\"_ _2\"></span>ryi<span class=\"_ _2\"></span>ng <span class=\"_ _2\"></span>amount<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>et <span class=\"_ _2\"></span>and provision. If the <span class=\"_ _2\"></span>asset retirement obligation is<span class=\"_ _2\"></span> settled for <span class=\"_ _2\"></span>other than the carrying <span class=\"_ _2\"></span>amount of the liabilit<span class=\"_ _2\"></span>y, the<span class=\"ls1 ws0\"> <span class=\"ls49 ws7c\">Comp<span class=\"_ _2\"></span>any re<span class=\"_ _2\"></span>cog<span class=\"_ _2\"></span>nise<span class=\"_ _2\"></span>s a gai<span class=\"_ _2\"></span>n or lo<span class=\"_ _2\"></span>ss on set<span class=\"_ _2\"></span>tlem<span class=\"_ _2\"></span>ent.<span class=\"_ _2\"></span></span> </span>A provision is established for obli<span class=\"_ _2\"></span>gations under lease agreements to dismantle and/or restore le<span class=\"_ _2\"></span>ased property to its original condition. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-589": {
   "value": "<div class=\"t m0 ha5 ff1da fs40 fcb sc0 ls1 ws0 gs650\">27. Commitments and Contingencies </div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls2f ws70 gs651\">As of <span class=\"ls31 ws51\">November 30, 2025 and 2024,<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">the<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span> had<span class=\"_ _2\"></span> tota<span class=\"_ _2\"></span>l</span> <span class=\"ls30 ws50\">investm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> and</span> </span></span>capital expendit<span class=\"_ _2\"></span>ure </div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls30 ws50 gs652\">comm<span class=\"_ _2\"></span>itment<span class=\"_ _2\"></span>s ou<span class=\"_ _2\"></span>tstandi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> of ap<span class=\"_ _2\"></span>prox<span class=\"_ _2\"></span>imate<span class=\"_ _2\"></span>ly <span class=\"ls1 ws0\">$<span class=\"ls31 ws53\">563</span>.<span class=\"_ _1\"></span><span class=\"ls83 wsb2\">3 <span class=\"ls2f ws75\">million and <span class=\"ls1 ws0\">$<span class=\"ls31 ws53\">655.3</span></span><span class=\"ws70\">million, respectively. A<span class=\"_ _2\"></span>t </span></span></span></span></div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls31 ws51 gs653\">November 30, 2025<span class=\"ls49 ws78\">, <span class=\"ls30 ws50\">the Gro<span class=\"_ _2\"></span>up<span class=\"ff1dc ls59 ws95\">\u2019s</span><span class=\"ls1 ws0\"> </span><span class=\"ws52\">purchase<span class=\"_ _2\"></span> <span class=\"ls6e wsb0\">c<span class=\"_ _1\"></span>ommit<span class=\"ls48 ws2f\">ment<span class=\"_ _2\"></span>s consist<span class=\"_ _2\"></span>ed of<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">tanker projects of $374.1 </span></span></span></span></span></span></span></div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls30 ws50 gs654\">milli<span class=\"_ _2\"></span>on, i<span class=\"_ _2\"></span>ncludi<span class=\"_ _2\"></span>ng s<span class=\"_ _2\"></span>ix n<span class=\"_ _2\"></span>ewbuil<span class=\"_ _2\"></span>ding<span class=\"_ _2\"></span> con<span class=\"_ _2\"></span>tract<span class=\"_ _2\"></span>s for<span class=\"_ _2\"></span> tank<span class=\"_ _2\"></span>ers<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls48 ws2f\">as discuss<span class=\"_ _2\"></span>ed below</span></span>.<span class=\"_ _2\"></span> Addi<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>nal pu<span class=\"_ _2\"></span>rchas<span class=\"_ _2\"></span>e </div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls2f ws70 gs655\">commitments incl<span class=\"_ _2\"></span>uded terminal <span class=\"_ _2\"></span>projects of<span class=\"_ _2\"></span> $46.6 mill<span class=\"_ _2\"></span>ion, tank co<span class=\"_ _2\"></span>ntainer projects<span class=\"_ _2\"></span> of $5.7<span class=\"_ _2\"></span> million, </div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls2f ws70 gs656\">two Avenir newb<span class=\"_ _2\"></span>uildings fo<span class=\"_ _2\"></span>r $120.0 millio<span class=\"_ _2\"></span>n and $1<span class=\"_ _2\"></span>6.5 millio<span class=\"_ _2\"></span>n in Sea <span class=\"_ _2\"></span>Farm. <span class=\"ls30 ws50\">Of <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> tot<span class=\"_ _2\"></span>al, <span class=\"ls1 ws0\">$2<span class=\"_ _1\"></span><span class=\"ls31 ws53\">15.1<span class=\"ls1 ws0\"> </span></span></span></span></div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls2f ws70 gs657\">million commitme<span class=\"_ _2\"></span>nt<span class=\"ls1 ws0\">s <span class=\"_ _1\"></span><span class=\"ls30 ws52\">at<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">November 30, 2025<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">are</span> <span class=\"ls53 ws32\">expected<span class=\"_ _2\"></span> to b<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>paid wi<span class=\"_ _2\"></span>thin <span class=\"_ _2\"></span>the n<span class=\"_ _2\"></span>ext 12<span class=\"_ _2\"></span> mon<span class=\"_ _2\"></span>ths. </span></span></span></span></span></div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls30 ws52 gs658\">The<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">commitments will e<span class=\"_ _2\"></span>ither be <span class=\"_ _2\"></span>paid out o<span class=\"_ _2\"></span>f operating c<span class=\"_ _2\"></span>ash flow, <span class=\"_ _2\"></span>existing liquidi<span class=\"_ _2\"></span>ty or t<span class=\"_ _2\"></span>hrough external<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls30 ws52 gs659\">financ<span class=\"_ _2\"></span>ing. <span class=\"ls31 ws51\">At November 30, 2025, the Group also had commitments <span class=\"_ _2\"></span>to purchase EU Emission </span></div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls30 ws50 gs65a\">Tradi<span class=\"_ _2\"></span>ng Sc<span class=\"_ _2\"></span>heme c<span class=\"_ _2\"></span>redi<span class=\"_ _2\"></span>ts t<span class=\"_ _2\"></span>otalli<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> $12.<span class=\"_ _2\"></span><span class=\"ls1 ws0\">9 <span class=\"_ _3\"></span><span class=\"ls2f ws70\">m<span class=\"_ _2\"></span>illion (2024: <span class=\"_ _2\"></span>nil).<span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 ha6 ff1dd fs3c fcb sc0 ls4d ws84 gs65b\">Newbu<span class=\"_ _2\"></span>ildin<span class=\"_ _2\"></span>g contra<span class=\"_ _2\"></span>cts<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls31 ws51 gs65c\">On December 19, 2024, the Group contracted for two 2,800 <span class=\"ls61 ws89\">dwt<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">s<span class=\"_ _2\"></span>tainle<span class=\"_ _2\"></span>ss s<span class=\"_ _2\"></span>teel<span class=\"_ _2\"></span> inla<span class=\"_ _2\"></span>nd b<span class=\"_ _2\"></span>arges.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span>se </span></span></span></div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls2f ws70 gs65d\">ships will be b<span class=\"_ _2\"></span>uilt i<span class=\"_ _2\"></span>n China with e<span class=\"_ _2\"></span>xpected delivery<span class=\"_ _2\"></span> late 202<span class=\"_ _2\"></span>6 to early 2<span class=\"_ _2\"></span>027. The tot<span class=\"_ _2\"></span>al cost for<span class=\"_ _2\"></span> the tw<span class=\"_ _2\"></span>o </div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls2f ws70 gs65e\">barges is $24.0 m<span class=\"_ _2\"></span>illion i<span class=\"_ _2\"></span>ncluding <span class=\"_ _2\"></span>capitalised interest<span class=\"_ _195\"> </span></div><div class=\"t m0 h84 ff1db fs3c fc2 sc0 ls1 ws0 gs65f\">. <span class=\"_ _1\"></span> </div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls2f ws70 gs660\">Avenir entered i<span class=\"_ _2\"></span>nto a shipb<span class=\"_ _2\"></span>uilding contract<span class=\"_ _2\"></span> on April<span class=\"_ _2\"></span> 25, 2024<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws50\">wit<span class=\"_ _2\"></span>h Nan<span class=\"_ _2\"></span>tong<span class=\"_ _2\"></span> CIMC<span class=\"_ _2\"></span> Si<span class=\"_ _2\"></span>nopac<span class=\"_ _2\"></span>ific </span></span></div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls30 ws50 gs661\">Offsh<span class=\"_ _2\"></span>ore &amp;<span class=\"_ _2\"></span> Engi<span class=\"_ _2\"></span>neeri<span class=\"_ _2\"></span>ng Co<span class=\"_ _2\"></span>. Ltd<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n Chin<span class=\"_ _2\"></span>a for<span class=\"_ _2\"></span> two<span class=\"_ _2\"></span> 20,0<span class=\"_ _2\"></span>00 cb<span class=\"_ _2\"></span>m L<span class=\"_ _2\"></span>NG bu<span class=\"_ _2\"></span>nker a<span class=\"_ _2\"></span>nd sup<span class=\"_ _2\"></span>ply<span class=\"_ _2\"></span> carr<span class=\"_ _2\"></span>iers<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws52\">whic<span class=\"_ _2\"></span>h </span></span></div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls2f ws70 gs662\">are scheduled fo<span class=\"_ _2\"></span>r delivery<span class=\"_ _2\"></span> in 202<span class=\"_ _2\"></span>6 and 2027.<span class=\"_ _2\"></span> The total c<span class=\"_ _2\"></span>ost for th<span class=\"_ _2\"></span>e two ships is<span class=\"_ _2\"></span> expected to<span class=\"_ _2\"></span> be </div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls2f ws70 gs663\">approximately $1<span class=\"_ _2\"></span>68.7 million,<span class=\"_ _2\"></span> including si<span class=\"_ _2\"></span>te team costs<span class=\"_ _2\"></span> and capit<span class=\"_ _2\"></span>alised interest. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls31 ws51 gs664\">On December 15, 2023, the Group contracted for six 38,000 <span class=\"ls61 ws89\">dwt<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">stainless steel<span class=\"_ _2\"></span> parcel ta<span class=\"_ _2\"></span>nkers. </span></span></span></div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls2f ws70 gs665\">These ships wi<span class=\"_ _2\"></span>ll be built<span class=\"_ _2\"></span> by Wuh<span class=\"_ _2\"></span>u Shipyards wi<span class=\"_ _2\"></span>th expected deli<span class=\"_ _2\"></span>very be<span class=\"_ _2\"></span>tween 2026 <span class=\"_ _2\"></span><span class=\"ls30 ws52\">and<span class=\"ls1 ws0\"> <span class=\"ls31 ws53\">2028.</span> T<span class=\"_ _1\"></span><span class=\"ls30 ws52\">he </span></span></span></div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls2f ws70 gs666\">total cost f<span class=\"_ _2\"></span>or the six s<span class=\"_ _2\"></span>hips is ex<span class=\"_ _2\"></span>pected <span class=\"_ _2\"></span>to be approxim<span class=\"_ _2\"></span>ately $457.<span class=\"_ _2\"></span>6 million, i<span class=\"_ _2\"></span>ncluding site <span class=\"_ _2\"></span>team cos<span class=\"_ _2\"></span>ts </div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls30 ws50 gs667\">and cap<span class=\"_ _2\"></span>itali<span class=\"_ _2\"></span>sed <span class=\"_ _2\"></span>int<span class=\"_ _2\"></span>erest.<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 ha6 ff1dd fs3c fcb sc0 ls58 ws8e gs668\">Purchase commitments of joint ventures and associates <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1dc fs39 fc2 sc0 ls47 ws82 gs669\">The<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>Grou<span class=\"_ _1\"></span>p\u2019s joint vent<span class=\"_ _1\"></span>ures and<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>asso<span class=\"_ _1\"></span>ciates had $<span class=\"ff1db ls31 ws53\">54<span class=\"ls2f ws70\">5.0 million of t<span class=\"_ _2\"></span>otal capital exp<span class=\"_ _2\"></span>enditure </span></span></div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls31 ws51 gs66a\">commitments on November 30, 2025<span class=\"ls1 ws0\">, <span class=\"_ _3\"></span><span class=\"ls31 ws51\">of<span class=\"_ _2\"></span> which $1<span class=\"ws53\">20<span class=\"ls2f ws70\">.8 million<span class=\"_ _2\"></span> is ex<span class=\"_ _2\"></span>pected to be paid<span class=\"_ _2\"></span> within <span class=\"_ _2\"></span>the next </span></span></span></span></div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls2f ws70 gs66b\">12 months. Of<span class=\"_ _2\"></span> the total c<span class=\"_ _2\"></span>ommitments, $435.4<span class=\"_ _2\"></span> million<span class=\"_ _2\"></span> related to <span class=\"_ _2\"></span>newbuilding con<span class=\"_ _2\"></span>tracts for N<span class=\"_ _2\"></span>YK Stolt </div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls2f ws70 gs66c\">Tankers S.A., <span class=\"_ _2\"></span>as detailed b<span class=\"_ _2\"></span>elow. In <span class=\"_ _2\"></span>addition, $64.3 m<span class=\"_ _2\"></span>illion relat<span class=\"_ _2\"></span>ed to tw<span class=\"_ _2\"></span>o 16,000 dwt<span class=\"_ _2\"></span> newbuildings<span class=\"_ _2\"></span> at </div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls4b wsa7 gs66d\">NYK S<span class=\"ls30 ws50\">t<span class=\"_ _2\"></span>olt S<span class=\"_ _2\"></span>hiphol<span class=\"_ _2\"></span>ding<span class=\"_ _2\"></span> Pte.<span class=\"_ _2\"></span> Ltd<span class=\"_ _2\"></span>. a<span class=\"_ _2\"></span>nd $13.<span class=\"_ _2\"></span>8 m<span class=\"_ _2\"></span>illio<span class=\"_ _2\"></span>n rel<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span>a plan<span class=\"_ _2\"></span>ned ex<span class=\"_ _2\"></span>pansi<span class=\"_ _2\"></span>on a<span class=\"_ _2\"></span>t the<span class=\"_ _2\"></span> joi<span class=\"_ _2\"></span>nt ve<span class=\"_ _2\"></span>ntur<span class=\"_ _2\"></span>e </span></div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls30 ws50 gs66e\">termi<span class=\"_ _2\"></span>nal in<span class=\"_ _2\"></span> Antw<span class=\"_ _2\"></span>erp <span class=\"_ _2\"></span>and<span class=\"_ _2\"></span> $11.7<span class=\"_ _2\"></span> mi<span class=\"_ _2\"></span>llion i<span class=\"_ _2\"></span>n a <span class=\"_ _2\"></span>new <span class=\"_ _2\"></span>joint<span class=\"_ _2\"></span> vent<span class=\"_ _2\"></span>ure <span class=\"_ _2\"></span>termi<span class=\"_ _2\"></span>nal<span class=\"_ _2\"></span> in T<span class=\"_ _2\"></span>aiwan.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span> comm<span class=\"_ _2\"></span>itme<span class=\"_ _2\"></span>nts </div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls2f ws70 gs66f\">will be paid<span class=\"_ _2\"></span> out of th<span class=\"_ _2\"></span>e existing li<span class=\"_ _2\"></span>quidity of<span class=\"_ _2\"></span> those joi<span class=\"_ _2\"></span>nt ventures, c<span class=\"_ _2\"></span>apital inject<span class=\"_ _2\"></span>ions, loans <span class=\"_ _2\"></span>from its </div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls30 ws50 gs670\">shareh<span class=\"_ _2\"></span>olde<span class=\"_ _2\"></span>rs or<span class=\"_ _2\"></span> thr<span class=\"_ _2\"></span>ough ex<span class=\"_ _2\"></span>ter<span class=\"_ _2\"></span>nal<span class=\"_ _2\"></span> financ<span class=\"_ _2\"></span>ing.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 ha6 ff1dd fs3c fcb sc0 ls58 ws88 gs671\">Joint Venture<span class=\"_ _1\"></span> <span class=\"ls4d ws8d\">newb<span class=\"_ _2\"></span>uil<span class=\"_ _2\"></span>ding<span class=\"ls1 ws0\"> c</span></span><span class=\"ws8c\">ontracts<span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls30 ws50 gs672\">On Ja<span class=\"_ _2\"></span>nuary<span class=\"_ _2\"></span> 6, 2<span class=\"_ _2\"></span>025,<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up si<span class=\"_ _2\"></span>gned <span class=\"_ _2\"></span>an ag<span class=\"_ _2\"></span>reeme<span class=\"_ _2\"></span>nt f<span class=\"_ _2\"></span>or tw<span class=\"_ _2\"></span>o 38<span class=\"_ _2\"></span>,00<span class=\"_ _2\"></span>0 <span class=\"ls61 ws89\">dwt<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">stainless steel p<span class=\"_ _2\"></span>arcel </span></span></span></div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls2f ws70 gs673\">tankers. These s<span class=\"_ _2\"></span>hips will<span class=\"_ _2\"></span> be built <span class=\"_ _2\"></span>by Nantong Xi<span class=\"_ _2\"></span>angyu Shipbuild<span class=\"_ _2\"></span>ing &amp; Offs<span class=\"_ _2\"></span>hore Engineeri<span class=\"_ _2\"></span>ng Co., Lt<span class=\"_ _2\"></span>d </div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls2f ws70 gs674\">with expected d<span class=\"_ _2\"></span>elivery between <span class=\"_ _2\"></span>2028 to<span class=\"_ _2\"></span> 2029. A newb<span class=\"_ _2\"></span>uilding deposit<span class=\"_ _2\"></span> of $27.8 mil<span class=\"_ _2\"></span>lion was p<span class=\"_ _2\"></span>aid in </div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls30 ws50 gs675\">March 2<span class=\"_ _2\"></span>025<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>the t<span class=\"_ _2\"></span>otal<span class=\"_ _2\"></span> cost<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>r the<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">two s<span class=\"_ _2\"></span>hips is ex<span class=\"_ _2\"></span>pected to be<span class=\"_ _2\"></span> approxima<span class=\"_ _2\"></span>tely $155.6 milli<span class=\"_ _2\"></span>on, </span></span></div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls30 ws50 gs676\">includi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> site <span class=\"_ _2\"></span>team c<span class=\"_ _2\"></span>os<span class=\"_ _2\"></span>ts and<span class=\"_ _2\"></span> ca<span class=\"_ _2\"></span>pitali<span class=\"_ _2\"></span>sed i<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>rest.<span class=\"_ _2\"></span> The <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> no<span class=\"_ _2\"></span>vated<span class=\"_ _2\"></span> the</div><div class=\"t m0 h84 ff1db fs3c fc2 sc0 ls1 ws0 gs677\"> <span class=\"fs39 ls2f ws75\">agreements to its joint </span></div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls2f ws70 gs678\">venture, NYK <span class=\"_ _2\"></span>Stolt Tanke<span class=\"_ _2\"></span>rs S.A.<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">in the<span class=\"_ _2\"></span> seco<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span> quarte<span class=\"_ _2\"></span>r of<span class=\"_ _2\"></span> 2025<span class=\"_ _2\"></span>.</span> <span class=\"ls30 ws50\">On Feb<span class=\"_ _2\"></span>ruary<span class=\"_ _2\"></span> 7, 2<span class=\"_ _2\"></span>024,<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls30 ws50 gs679\">annou<span class=\"_ _2\"></span>nced t<span class=\"_ _2\"></span>hat i<span class=\"_ _2\"></span>ts j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> vent<span class=\"_ _2\"></span>ure,<span class=\"_ _2\"></span> NYK <span class=\"_ _2\"></span>Stolt<span class=\"_ _2\"></span> Tank<span class=\"_ _2\"></span>ers <span class=\"_ _2\"></span>S.A.<span class=\"_ _2\"></span>, had<span class=\"_ _2\"></span> reac<span class=\"_ _2\"></span>hed <span class=\"_ _2\"></span>an ag<span class=\"_ _2\"></span>reeme<span class=\"_ _2\"></span>nt wi<span class=\"_ _2\"></span>th <span class=\"_ _2\"></span>Nanto<span class=\"_ _2\"></span>ng </div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls30 ws50 gs67a\">Xiangy<span class=\"_ _2\"></span>u S<span class=\"_ _2\"></span>hipya<span class=\"_ _2\"></span>rd in<span class=\"_ _2\"></span> China<span class=\"_ _2\"></span> to b<span class=\"_ _2\"></span>uil<span class=\"_ _2\"></span>d six<span class=\"_ _2\"></span> 38,0<span class=\"_ _2\"></span>00 <span class=\"ls61 ws89\">dw<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">s<span class=\"_ _2\"></span>tainl<span class=\"_ _2\"></span>ess <span class=\"_ _2\"></span>stee<span class=\"_ _2\"></span>l che<span class=\"_ _2\"></span>mical<span class=\"_ _2\"></span> tanke<span class=\"_ _2\"></span>rs f<span class=\"_ _2\"></span>or d<span class=\"_ _2\"></span>elive<span class=\"_ _2\"></span>ry </span></span></span></div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls31 ws51 gs67b\">between late 2026 and<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">2029.<span class=\"_ _2\"></span> The total co<span class=\"_ _2\"></span>st to t<span class=\"_ _2\"></span>he joint <span class=\"_ _2\"></span>venture is ex<span class=\"_ _2\"></span>pected to be <span class=\"_ _2\"></span>approximately<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls2f ws70 gs67c\">$442.7 millio<span class=\"_ _2\"></span>n, including site<span class=\"_ _2\"></span> team c<span class=\"_ _2\"></span>osts and capi<span class=\"_ _2\"></span>talised<span class=\"ls1 ws0\"> </span>interest. The <span class=\"_ _2\"></span>newbuilding deposi<span class=\"_ _2\"></span>ts will b<span class=\"_ _2\"></span>e </div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls30 ws50 gs67d\">paid o<span class=\"_ _2\"></span>ut o<span class=\"_ _2\"></span>f ope<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ng c<span class=\"_ _2\"></span>ash fl<span class=\"_ _2\"></span>ow <span class=\"_ _2\"></span>and s<span class=\"_ _2\"></span>hare<span class=\"_ _2\"></span>holde<span class=\"_ _2\"></span>r loa<span class=\"_ _2\"></span>ns pri<span class=\"_ _2\"></span>o<span class=\"ls2f ws70\">r t<span class=\"_ _2\"></span>o deli<span class=\"_ _2\"></span>very.<span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls30 ws50 gs67e\">On Ja<span class=\"_ _2\"></span>nuary<span class=\"_ _2\"></span> 31<span class=\"_ _2\"></span>, 2025<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up s<span class=\"_ _2\"></span>igned<span class=\"_ _2\"></span> an <span class=\"_ _2\"></span>agreeme<span class=\"_ _2\"></span>nt f<span class=\"_ _2\"></span>or t<span class=\"_ _2\"></span>wo 16<span class=\"_ _2\"></span>,00<span class=\"_ _2\"></span>0 <span class=\"ls61 ws89\">dwt<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">stainless steel p<span class=\"_ _2\"></span>arcel </span></span></span></div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls30 ws50 gs67f\">tanker<span class=\"_ _2\"></span>s. T<span class=\"_ _2\"></span>hese s<span class=\"_ _2\"></span>hips<span class=\"_ _2\"></span> will<span class=\"_ _2\"></span> be b<span class=\"_ _2\"></span>uilt<span class=\"_ _2\"></span> by<span class=\"_ _2\"></span> Fukuo<span class=\"_ _2\"></span>ka S<span class=\"_ _2\"></span>hipbui<span class=\"_ _2\"></span>lding<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>r con<span class=\"_ _2\"></span>struc<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span> at Us<span class=\"_ _2\"></span>uki<span class=\"_ _2\"></span> Shipy<span class=\"_ _2\"></span>ard<span class=\"_ _2\"></span> with </div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls31 ws51 gs680\">expected deliver<span class=\"_ _1\"></span>y<span class=\"_ _2\"></span> between November 2027 and February 2028. The newbuilding deposit of $15.0 </div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls2f ws70 gs681\">million was p<span class=\"_ _2\"></span>aid on May<span class=\"_ _2\"></span> 29, 202<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls2f ws75\">and the total cost for the two ships is expected to be </span></span></div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls2f ws70 gs682\">approximately $8<span class=\"_ _2\"></span>2.7 million,<span class=\"_ _2\"></span> including site <span class=\"_ _2\"></span>team costs.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 ha6 ff1dd fs3c fcb sc0 ls56 ws85 gs683\">Environ<span class=\"_ _2\"></span>mental<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1dc fs39 fc2 sc0 ls30 ws50 gs684\">The Gr<span class=\"_ _2\"></span>oup\u2019s<span class=\"_ _2\"></span> ope<span class=\"_ _2\"></span>ratio<span class=\"_ _2\"></span>ns i<span class=\"_ _2\"></span>nvol<span class=\"_ _2\"></span>ve t<span class=\"_ _2\"></span>he car<span class=\"_ _2\"></span>riage<span class=\"_ _2\"></span>, u<span class=\"_ _2\"></span>se, s<span class=\"_ _2\"></span>torage<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> dis<span class=\"_ _2\"></span>posal<span class=\"_ _2\"></span> of c<span class=\"_ _2\"></span>hemic<span class=\"_ _2\"></span>als a<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span> other<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls30 ws50 gs685\">hazard<span class=\"_ _2\"></span>ous<span class=\"_ _2\"></span> materi<span class=\"_ _2\"></span>als<span class=\"_ _2\"></span> and w<span class=\"_ _2\"></span>aste<span class=\"_ _2\"></span>s. Th<span class=\"_ _2\"></span>e<span class=\"ls1 ws0\"> </span>Group<span class=\"_ _2\"></span> is sub<span class=\"_ _2\"></span>ject<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">applicable international <span class=\"_ _2\"></span>and national<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls30 ws4f gs686\">health<span class=\"_ _2\"></span>, safe<span class=\"_ _2\"></span>ty and e<span class=\"_ _2\"></span>nviro<span class=\"_ _2\"></span>nment<span class=\"_ _2\"></span>al laws<span class=\"_ _2\"></span> relating<span class=\"_ _2\"></span> to the<span class=\"_ _2\"></span> protec<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n of<span class=\"ls1 ws0\"> </span><span class=\"ws52\">the<span class=\"ls1 ws0\"> </span><span class=\"ws50\">enviro<span class=\"_ _2\"></span>nmen<span class=\"_ _2\"></span>t, i<span class=\"_ _2\"></span>ncludi<span class=\"_ _2\"></span>ng th<span class=\"_ _2\"></span>ose<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls30 ws50 gs687\">gover<span class=\"_ _2\"></span>ning di<span class=\"_ _2\"></span>sch<span class=\"_ _2\"></span>arges<span class=\"_ _2\"></span> of po<span class=\"_ _2\"></span>llu<span class=\"_ _2\"></span>tant<span class=\"_ _2\"></span>s to<span class=\"_ _2\"></span> air <span class=\"_ _2\"></span>and wa<span class=\"_ _2\"></span>ter<span class=\"_ _2\"></span><span class=\"ls1 ws0\">; <span class=\"_ _1\"></span><span class=\"ls30 ws50\">the<span class=\"_ _2\"></span> gene<span class=\"_ _2\"></span>ratio<span class=\"_ _2\"></span>n, ma<span class=\"_ _2\"></span>nageme<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span> and di<span class=\"_ _2\"></span>spos<span class=\"_ _2\"></span>al </span></span></div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls4a ws76 gs688\">of<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">hazardo<span class=\"_ _2\"></span>us mat<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>als a<span class=\"_ _2\"></span>nd w<span class=\"_ _2\"></span>aste<span class=\"_ _2\"></span>s</span>; <span class=\"_ _1\"></span><span class=\"ls30 ws50\">and<span class=\"_ _2\"></span> the cl<span class=\"_ _2\"></span>ean<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span><span class=\"ws4f\">up of<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">c<span class=\"_ _2\"></span>ontaminated<span class=\"_ _2\"></span> sites.<span class=\"ls1 ws0\"> </span></span></span></span></span></span></div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls2f ws70 gs689\">The Comprehensive<span class=\"_ _2\"></span> Environmen<span class=\"_ _2\"></span>tal Response<span class=\"_ _2\"></span>, Compensation,<span class=\"_ _2\"></span> and Liabili<span class=\"_ _2\"></span>ty Act (CERCL<span class=\"_ _2\"></span>A), </div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls30 ws4f gs68a\">comm<span class=\"_ _2\"></span>only know<span class=\"_ _2\"></span>n as Sup<span class=\"_ _2\"></span>erfu<span class=\"_ _2\"></span>nd,<span class=\"_ _2\"></span> was enacted<span class=\"_ _2\"></span> by th<span class=\"_ _2\"></span>e US Congr<span class=\"_ _2\"></span>es<span class=\"_ _2\"></span>s on Decem<span class=\"_ _2\"></span>ber<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">11, 1980. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls30 ws50 gs68b\">This l<span class=\"_ _2\"></span>aw cre<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> a <span class=\"_ _2\"></span>tax o<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> che<span class=\"_ _2\"></span>mical<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> pet<span class=\"_ _2\"></span>roleum<span class=\"_ _2\"></span> indu<span class=\"_ _2\"></span>stri<span class=\"_ _2\"></span>es a<span class=\"_ _2\"></span>nd pro<span class=\"_ _2\"></span>vided<span class=\"_ _2\"></span> broad<span class=\"_ _2\"></span> fede<span class=\"_ _2\"></span>ral<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls30 ws50 gs68c\">autho<span class=\"_ _2\"></span>rity t<span class=\"_ _2\"></span>o re<span class=\"_ _2\"></span>spond<span class=\"_ _2\"></span> direc<span class=\"_ _2\"></span>tly<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> release<span class=\"_ _2\"></span>s o<span class=\"_ _2\"></span>r thre<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>ned re<span class=\"_ _2\"></span>lease<span class=\"_ _2\"></span>s o<span class=\"_ _2\"></span>f haza<span class=\"_ _2\"></span>rdo<span class=\"_ _2\"></span>us subs<span class=\"_ _2\"></span>tanc<span class=\"_ _2\"></span>es t<span class=\"_ _2\"></span>hat m<span class=\"_ _2\"></span>ay </div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls30 ws50 gs68d\">endang<span class=\"_ _2\"></span>er pub<span class=\"_ _2\"></span>lic<span class=\"_ _2\"></span> heal<span class=\"_ _2\"></span>th o<span class=\"_ _2\"></span>r the<span class=\"_ _2\"></span> enviro<span class=\"_ _2\"></span>nmen<span class=\"_ _2\"></span>t. T<span class=\"_ _2\"></span>his l<span class=\"_ _2\"></span>aw and<span class=\"_ _2\"></span> s<span class=\"_ _2\"></span>imila<span class=\"_ _2\"></span>r s<span class=\"_ _2\"></span>tate e<span class=\"_ _2\"></span>nvi<span class=\"_ _2\"></span>ronme<span class=\"_ _2\"></span>nt<span class=\"ws52\">al<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws4f\">st<span class=\"_ _2\"></span>atute<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> </span></span></span></div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls2f ws70 gs68e\">common laws ca<span class=\"_ _2\"></span>n impose liabi<span class=\"_ _2\"></span>lity fo<span class=\"_ _2\"></span>r the enti<span class=\"_ _2\"></span>re clean<span class=\"ls1 ws0\">-<span class=\"ls30 ws4f\">up of</span> </span>contaminated sites<span class=\"_ _2\"></span> or fo<span class=\"_ _2\"></span>r <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls30 ws52 gs68f\">third<span class=\"ls1 ws0\">-</span><span class=\"ws50\">par<span class=\"_ _2\"></span>ty cl<span class=\"_ _2\"></span>aims<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span> prope<span class=\"_ _2\"></span>rty d<span class=\"_ _2\"></span>amag<span class=\"_ _2\"></span>e and<span class=\"_ _2\"></span> pers<span class=\"_ _2\"></span>onal<span class=\"_ _2\"></span> inju<span class=\"_ _2\"></span>ry, <span class=\"_ _2\"></span>regard<span class=\"_ _2\"></span>less <span class=\"_ _2\"></span>of<span class=\"_ _2\"></span> whethe<span class=\"_ _2\"></span>r the<span class=\"_ _2\"></span> cu<span class=\"_ _2\"></span>rrent<span class=\"_ _2\"></span> owne<span class=\"_ _2\"></span>r </span></div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls4a ws76 gs690\">or<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">operator<span class=\"_ _2\"></span> ow<span class=\"_ _2\"></span>ned or<span class=\"_ _2\"></span> ope<span class=\"_ _2\"></span>rated<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> site<span class=\"_ _2\"></span> at <span class=\"_ _2\"></span>the ti<span class=\"_ _2\"></span>me of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> rele<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span> of c<span class=\"_ _2\"></span>ontam<span class=\"_ _2\"></span>inan<span class=\"_ _2\"></span>ts o<span class=\"_ _2\"></span>r </span></span>of <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls2f ws70 gs691\">the legality of<span class=\"_ _2\"></span> the origi<span class=\"_ _2\"></span>nal disposal <span class=\"_ _2\"></span>activities.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls30 ws50 gs692\">Actual<span class=\"_ _2\"></span> or d<span class=\"_ _2\"></span>isc<span class=\"_ _2\"></span>ontin<span class=\"_ _2\"></span>ued op<span class=\"_ _2\"></span>erati<span class=\"_ _2\"></span>ons i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> US<span class=\"_ _2\"></span> may<span class=\"_ _2\"></span><span class=\"ws4f\">, there<span class=\"_ _2\"></span>fore<span class=\"_ _2\"></span>,<span class=\"ls1 ws0\"> </span></span>trigger <span class=\"_ _2\"></span>a fut<span class=\"_ _2\"></span>ure l<span class=\"_ _2\"></span>iabi<span class=\"_ _2\"></span>lity.<span class=\"_ _2\"></span> Owi<span class=\"_ _2\"></span>ng to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls30 ws52 gs693\">uncert<span class=\"_ _2\"></span>ainty<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls4a ws76\">of</span> <span class=\"_ _1\"></span><span class=\"ls30 ws52\">w<span class=\"_ _2\"></span>hether<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws4f\">or the<span class=\"_ _2\"></span> length of<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">time before</span>, <span class=\"_ _1\"></span><span class=\"ls2f ws70\">any<span class=\"_ _2\"></span> liability may occ<span class=\"_ _2\"></span>ur, it is<span class=\"_ _2\"></span> currently <span class=\"_ _2\"></span>not </span></span></span></span></span></span></div><div class=\"t m0 h98 ff1db fs39 fc2 sc0 ls30 ws50 gs694\">conside<span class=\"_ _2\"></span>red<span class=\"_ _2\"></span> prob<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> a li<span class=\"_ _2\"></span>abili<span class=\"_ _2\"></span>ty wil<span class=\"_ _2\"></span>l a<span class=\"_ _2\"></span>rise <span class=\"_ _2\"></span>and c<span class=\"_ _2\"></span>onseq<span class=\"_ _2\"></span>uen<span class=\"_ _2\"></span>tly no<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>rovisio<span class=\"_ _2\"></span>n ha<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span><span class=\"ws4f\">been reco<span class=\"_ _2\"></span>rded<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-615": {
   "value": "27. Commitments and Contingencies As of <span class=\"ls31 ws51\">November 30, 2025 and 2024,<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">the<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span> had<span class=\"_ _2\"></span> tota<span class=\"_ _2\"></span>l</span> <span class=\"ls30 ws50\">investm<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> and</span> </span></span>capital expendit<span class=\"_ _2\"></span>ure comm<span class=\"_ _2\"></span>itment<span class=\"_ _2\"></span>s ou<span class=\"_ _2\"></span>tstandi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> of ap<span class=\"_ _2\"></span>prox<span class=\"_ _2\"></span>imate<span class=\"_ _2\"></span>ly <span class=\"ls1 ws0\">$<span class=\"ls31 ws53\">563</span>.<span class=\"_ _1\"></span><span class=\"ls83 wsb2\">3 <span class=\"ls2f ws75\">million and <span class=\"ls1 ws0\">$<span class=\"ls31 ws53\">655.3</span></span><span class=\"ws70\">million, respectively. A<span class=\"_ _2\"></span>t </span></span></span></span>November 30, 2025<span class=\"ls49 ws78\">, <span class=\"ls30 ws50\">the Gro<span class=\"_ _2\"></span>up<span class=\"ff1dc ls59 ws95\">\u2019s</span><span class=\"ls1 ws0\"> </span><span class=\"ws52\">purchase<span class=\"_ _2\"></span> <span class=\"ls6e wsb0\">c<span class=\"_ _1\"></span>ommit<span class=\"ls48 ws2f\">ment<span class=\"_ _2\"></span>s consist<span class=\"_ _2\"></span>ed of<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">tanker projects of $374.1 </span></span></span></span></span></span></span>milli<span class=\"_ _2\"></span>on, i<span class=\"_ _2\"></span>ncludi<span class=\"_ _2\"></span>ng s<span class=\"_ _2\"></span>ix n<span class=\"_ _2\"></span>ewbuil<span class=\"_ _2\"></span>ding<span class=\"_ _2\"></span> con<span class=\"_ _2\"></span>tract<span class=\"_ _2\"></span>s for<span class=\"_ _2\"></span> tank<span class=\"_ _2\"></span>ers<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls48 ws2f\">as discuss<span class=\"_ _2\"></span>ed below</span></span>.<span class=\"_ _2\"></span> Addi<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>nal pu<span class=\"_ _2\"></span>rchas<span class=\"_ _2\"></span>e commitments incl<span class=\"_ _2\"></span>uded terminal <span class=\"_ _2\"></span>projects of<span class=\"_ _2\"></span> $46.6 mill<span class=\"_ _2\"></span>ion, tank co<span class=\"_ _2\"></span>ntainer projects<span class=\"_ _2\"></span> of $5.7<span class=\"_ _2\"></span> million, two Avenir newb<span class=\"_ _2\"></span>uildings fo<span class=\"_ _2\"></span>r $120.0 millio<span class=\"_ _2\"></span>n and $1<span class=\"_ _2\"></span>6.5 millio<span class=\"_ _2\"></span>n in Sea <span class=\"_ _2\"></span>Farm. <span class=\"ls30 ws50\">Of <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> tot<span class=\"_ _2\"></span>al, <span class=\"ls1 ws0\">$2<span class=\"_ _1\"></span><span class=\"ls31 ws53\">15.1<span class=\"ls1 ws0\"> </span></span></span></span>million commitme<span class=\"_ _2\"></span>nt<span class=\"ls1 ws0\">s <span class=\"_ _1\"></span><span class=\"ls30 ws52\">at<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">November 30, 2025<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">are</span> <span class=\"ls53 ws32\">expected<span class=\"_ _2\"></span> to b<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>paid wi<span class=\"_ _2\"></span>thin <span class=\"_ _2\"></span>the n<span class=\"_ _2\"></span>ext 12<span class=\"_ _2\"></span> mon<span class=\"_ _2\"></span>ths. </span></span></span></span></span>The<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">commitments will e<span class=\"_ _2\"></span>ither be <span class=\"_ _2\"></span>paid out o<span class=\"_ _2\"></span>f operating c<span class=\"_ _2\"></span>ash flow, <span class=\"_ _2\"></span>existing liquidi<span class=\"_ _2\"></span>ty or t<span class=\"_ _2\"></span>hrough external<span class=\"_ _2\"></span> </span></span>financ<span class=\"_ _2\"></span>ing. <span class=\"ls31 ws51\">At November 30, 2025, the Group also had commitments <span class=\"_ _2\"></span>to purchase EU Emission </span>Tradi<span class=\"_ _2\"></span>ng Sc<span class=\"_ _2\"></span>heme c<span class=\"_ _2\"></span>redi<span class=\"_ _2\"></span>ts t<span class=\"_ _2\"></span>otalli<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> $12.<span class=\"_ _2\"></span><span class=\"ls1 ws0\">9 <span class=\"_ _3\"></span><span class=\"ls2f ws70\">m<span class=\"_ _2\"></span>illion (2024: <span class=\"_ _2\"></span>nil).<span class=\"ls1 ws0\"> </span></span></span>Purchase commitments of joint ventures and associates <span class=\"ls1 ws0\"> </span>The<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>Grou<span class=\"_ _1\"></span>p\u2019s joint vent<span class=\"_ _1\"></span>ures and<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>asso<span class=\"_ _1\"></span>ciates had $<span class=\"ff1db ls31 ws53\">54<span class=\"ls2f ws70\">5.0 million of t<span class=\"_ _2\"></span>otal capital exp<span class=\"_ _2\"></span>enditure </span></span>commitments on November 30, 2025<span class=\"ls1 ws0\">, <span class=\"_ _3\"></span><span class=\"ls31 ws51\">of<span class=\"_ _2\"></span> which $1<span class=\"ws53\">20<span class=\"ls2f ws70\">.8 million<span class=\"_ _2\"></span> is ex<span class=\"_ _2\"></span>pected to be paid<span class=\"_ _2\"></span> within <span class=\"_ _2\"></span>the next </span></span></span></span>12 months. Of<span class=\"_ _2\"></span> the total c<span class=\"_ _2\"></span>ommitments, $435.4<span class=\"_ _2\"></span> million<span class=\"_ _2\"></span> related to <span class=\"_ _2\"></span>newbuilding con<span class=\"_ _2\"></span>tracts for N<span class=\"_ _2\"></span>YK Stolt Tankers S.A., <span class=\"_ _2\"></span>as detailed b<span class=\"_ _2\"></span>elow. In <span class=\"_ _2\"></span>addition, $64.3 m<span class=\"_ _2\"></span>illion relat<span class=\"_ _2\"></span>ed to tw<span class=\"_ _2\"></span>o 16,000 dwt<span class=\"_ _2\"></span> newbuildings<span class=\"_ _2\"></span> at NYK S<span class=\"ls30 ws50\">t<span class=\"_ _2\"></span>olt S<span class=\"_ _2\"></span>hiphol<span class=\"_ _2\"></span>ding<span class=\"_ _2\"></span> Pte.<span class=\"_ _2\"></span> Ltd<span class=\"_ _2\"></span>. a<span class=\"_ _2\"></span>nd $13.<span class=\"_ _2\"></span>8 m<span class=\"_ _2\"></span>illio<span class=\"_ _2\"></span>n rel<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span>a plan<span class=\"_ _2\"></span>ned ex<span class=\"_ _2\"></span>pansi<span class=\"_ _2\"></span>on a<span class=\"_ _2\"></span>t the<span class=\"_ _2\"></span> joi<span class=\"_ _2\"></span>nt ve<span class=\"_ _2\"></span>ntur<span class=\"_ _2\"></span>e </span>termi<span class=\"_ _2\"></span>nal in<span class=\"_ _2\"></span> Antw<span class=\"_ _2\"></span>erp <span class=\"_ _2\"></span>and<span class=\"_ _2\"></span> $11.7<span class=\"_ _2\"></span> mi<span class=\"_ _2\"></span>llion i<span class=\"_ _2\"></span>n a <span class=\"_ _2\"></span>new <span class=\"_ _2\"></span>joint<span class=\"_ _2\"></span> vent<span class=\"_ _2\"></span>ure <span class=\"_ _2\"></span>termi<span class=\"_ _2\"></span>nal<span class=\"_ _2\"></span> in T<span class=\"_ _2\"></span>aiwan.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span> comm<span class=\"_ _2\"></span>itme<span class=\"_ _2\"></span>nts will be paid<span class=\"_ _2\"></span> out of th<span class=\"_ _2\"></span>e existing li<span class=\"_ _2\"></span>quidity of<span class=\"_ _2\"></span> those joi<span class=\"_ _2\"></span>nt ventures, c<span class=\"_ _2\"></span>apital inject<span class=\"_ _2\"></span>ions, loans <span class=\"_ _2\"></span>from its shareh<span class=\"_ _2\"></span>olde<span class=\"_ _2\"></span>rs or<span class=\"_ _2\"></span> thr<span class=\"_ _2\"></span>ough ex<span class=\"_ _2\"></span>ter<span class=\"_ _2\"></span>nal<span class=\"_ _2\"></span> financ<span class=\"_ _2\"></span>ing.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-632": {
   "value": "Joint Venture<span class=\"_ _1\"></span> <span class=\"ls4d ws8d\">newb<span class=\"_ _2\"></span>uil<span class=\"_ _2\"></span>ding<span class=\"ls1 ws0\"> c</span></span><span class=\"ws8c\">ontracts<span class=\"ls1 ws0\"> </span></span>On Ja<span class=\"_ _2\"></span>nuary<span class=\"_ _2\"></span> 6, 2<span class=\"_ _2\"></span>025,<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up si<span class=\"_ _2\"></span>gned <span class=\"_ _2\"></span>an ag<span class=\"_ _2\"></span>reeme<span class=\"_ _2\"></span>nt f<span class=\"_ _2\"></span>or tw<span class=\"_ _2\"></span>o 38<span class=\"_ _2\"></span>,00<span class=\"_ _2\"></span>0 <span class=\"ls61 ws89\">dwt<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">stainless steel p<span class=\"_ _2\"></span>arcel </span></span></span>tankers. These s<span class=\"_ _2\"></span>hips will<span class=\"_ _2\"></span> be built <span class=\"_ _2\"></span>by Nantong Xi<span class=\"_ _2\"></span>angyu Shipbuild<span class=\"_ _2\"></span>ing &amp; Offs<span class=\"_ _2\"></span>hore Engineeri<span class=\"_ _2\"></span>ng Co., Lt<span class=\"_ _2\"></span>d with expected d<span class=\"_ _2\"></span>elivery between <span class=\"_ _2\"></span>2028 to<span class=\"_ _2\"></span> 2029. A newb<span class=\"_ _2\"></span>uilding deposit<span class=\"_ _2\"></span> of $27.8 mil<span class=\"_ _2\"></span>lion was p<span class=\"_ _2\"></span>aid in March 2<span class=\"_ _2\"></span>025<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>the t<span class=\"_ _2\"></span>otal<span class=\"_ _2\"></span> cost<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>r the<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">two s<span class=\"_ _2\"></span>hips is ex<span class=\"_ _2\"></span>pected to be<span class=\"_ _2\"></span> approxima<span class=\"_ _2\"></span>tely $155.6 milli<span class=\"_ _2\"></span>on, </span></span>includi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> site <span class=\"_ _2\"></span>team c<span class=\"_ _2\"></span>os<span class=\"_ _2\"></span>ts and<span class=\"_ _2\"></span> ca<span class=\"_ _2\"></span>pitali<span class=\"_ _2\"></span>sed i<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>rest.<span class=\"_ _2\"></span> The <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> no<span class=\"_ _2\"></span>vated<span class=\"_ _2\"></span> the <span class=\"fs39 ls2f ws75\">agreements to its joint </span>venture, NYK <span class=\"_ _2\"></span>Stolt Tanke<span class=\"_ _2\"></span>rs S.A.<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">in the<span class=\"_ _2\"></span> seco<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span> quarte<span class=\"_ _2\"></span>r of<span class=\"_ _2\"></span> 2025<span class=\"_ _2\"></span>.</span> <span class=\"ls30 ws50\">On Feb<span class=\"_ _2\"></span>ruary<span class=\"_ _2\"></span> 7, 2<span class=\"_ _2\"></span>024,<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> </span></span>annou<span class=\"_ _2\"></span>nced t<span class=\"_ _2\"></span>hat i<span class=\"_ _2\"></span>ts j<span class=\"_ _2\"></span>oint<span class=\"_ _2\"></span> vent<span class=\"_ _2\"></span>ure,<span class=\"_ _2\"></span> NYK <span class=\"_ _2\"></span>Stolt<span class=\"_ _2\"></span> Tank<span class=\"_ _2\"></span>ers <span class=\"_ _2\"></span>S.A.<span class=\"_ _2\"></span>, had<span class=\"_ _2\"></span> reac<span class=\"_ _2\"></span>hed <span class=\"_ _2\"></span>an ag<span class=\"_ _2\"></span>reeme<span class=\"_ _2\"></span>nt wi<span class=\"_ _2\"></span>th <span class=\"_ _2\"></span>Nanto<span class=\"_ _2\"></span>ng Xiangy<span class=\"_ _2\"></span>u S<span class=\"_ _2\"></span>hipya<span class=\"_ _2\"></span>rd in<span class=\"_ _2\"></span> China<span class=\"_ _2\"></span> to b<span class=\"_ _2\"></span>uil<span class=\"_ _2\"></span>d six<span class=\"_ _2\"></span> 38,0<span class=\"_ _2\"></span>00 <span class=\"ls61 ws89\">dw<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">s<span class=\"_ _2\"></span>tainl<span class=\"_ _2\"></span>ess <span class=\"_ _2\"></span>stee<span class=\"_ _2\"></span>l che<span class=\"_ _2\"></span>mical<span class=\"_ _2\"></span> tanke<span class=\"_ _2\"></span>rs f<span class=\"_ _2\"></span>or d<span class=\"_ _2\"></span>elive<span class=\"_ _2\"></span>ry </span></span></span>between late 2026 and<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">2029.<span class=\"_ _2\"></span> The total co<span class=\"_ _2\"></span>st to t<span class=\"_ _2\"></span>he joint <span class=\"_ _2\"></span>venture is ex<span class=\"_ _2\"></span>pected to be <span class=\"_ _2\"></span>approximately<span class=\"_ _2\"></span> </span></span>$442.7 millio<span class=\"_ _2\"></span>n, including site<span class=\"_ _2\"></span> team c<span class=\"_ _2\"></span>osts and capi<span class=\"_ _2\"></span>talised<span class=\"ls1 ws0\"> </span>interest. The <span class=\"_ _2\"></span>newbuilding deposi<span class=\"_ _2\"></span>ts will b<span class=\"_ _2\"></span>e paid o<span class=\"_ _2\"></span>ut o<span class=\"_ _2\"></span>f ope<span class=\"_ _2\"></span>rati<span class=\"_ _2\"></span>ng c<span class=\"_ _2\"></span>ash fl<span class=\"_ _2\"></span>ow <span class=\"_ _2\"></span>and s<span class=\"_ _2\"></span>hare<span class=\"_ _2\"></span>holde<span class=\"_ _2\"></span>r loa<span class=\"_ _2\"></span>ns pri<span class=\"_ _2\"></span>o<span class=\"ls2f ws70\">r t<span class=\"_ _2\"></span>o deli<span class=\"_ _2\"></span>very.<span class=\"ls1 ws0\"> </span></span>On Ja<span class=\"_ _2\"></span>nuary<span class=\"_ _2\"></span> 31<span class=\"_ _2\"></span>, 2025<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up s<span class=\"_ _2\"></span>igned<span class=\"_ _2\"></span> an <span class=\"_ _2\"></span>agreeme<span class=\"_ _2\"></span>nt f<span class=\"_ _2\"></span>or t<span class=\"_ _2\"></span>wo 16<span class=\"_ _2\"></span>,00<span class=\"_ _2\"></span>0 <span class=\"ls61 ws89\">dwt<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">stainless steel p<span class=\"_ _2\"></span>arcel </span></span></span>tanker<span class=\"_ _2\"></span>s. T<span class=\"_ _2\"></span>hese s<span class=\"_ _2\"></span>hips<span class=\"_ _2\"></span> will<span class=\"_ _2\"></span> be b<span class=\"_ _2\"></span>uilt<span class=\"_ _2\"></span> by<span class=\"_ _2\"></span> Fukuo<span class=\"_ _2\"></span>ka S<span class=\"_ _2\"></span>hipbui<span class=\"_ _2\"></span>lding<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>r con<span class=\"_ _2\"></span>struc<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span> at Us<span class=\"_ _2\"></span>uki<span class=\"_ _2\"></span> Shipy<span class=\"_ _2\"></span>ard<span class=\"_ _2\"></span> with expected deliver<span class=\"_ _1\"></span>y<span class=\"_ _2\"></span> between November 2027 and February 2028. The newbuilding deposit of $15.0 million was p<span class=\"_ _2\"></span>aid on May<span class=\"_ _2\"></span> 29, 202<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls2f ws75\">and the total cost for the two ships is expected to be </span></span>approximately $8<span class=\"_ _2\"></span>2.7 million,<span class=\"_ _2\"></span> including site <span class=\"_ _2\"></span>team costs.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-590": {
   "value": "<div class=\"t m0 ha5 ff1e2 fs40 fcb sc0 ls38 ws5e gs696\">28<span class=\"ls1 wsba\">. Related Party <span class=\"_ _2\"></span><span class=\"ws0\">Transactions </span></span></div><div class=\"t m0 h98 ff1e3 fs39 fc2 sc0 ls2f ws70 gs697\">The Group is<span class=\"_ _2\"></span> ultimately c<span class=\"_ _2\"></span>ontrolled by t<span class=\"_ _2\"></span>rusts est<span class=\"_ _2\"></span>ablished for t<span class=\"_ _2\"></span>he benefit of t<span class=\"_ _2\"></span>he Stolt<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span>Nielsen family. </div><div class=\"t m0 h98 ff1e3 fs39 fc2 sc0 ls30 ws50 gs698\">Compe<span class=\"_ _2\"></span>nsatio<span class=\"_ _2\"></span>n a<span class=\"_ _2\"></span>nd Boa<span class=\"_ _2\"></span>rd f<span class=\"_ _2\"></span>ees a<span class=\"_ _2\"></span>re<span class=\"ls1 ws0\"> <span class=\"ls2f ws75\">provided to</span> </span>certain m<span class=\"_ _2\"></span>embe<span class=\"_ _2\"></span>rs<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>the S<span class=\"_ _2\"></span>tolt<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2f ws70\">Nie<span class=\"_ _2\"></span>lsen family.<span class=\"_ _2\"></span> There </span></span></div><div class=\"t m0 h98 ff1e3 fs39 fc2 sc0 ls30 ws50 gs699\">are n<span class=\"_ _2\"></span>o oth<span class=\"_ _2\"></span>er t<span class=\"_ _2\"></span>rans<span class=\"_ _2\"></span>actions<span class=\"_ _2\"></span> betw<span class=\"_ _2\"></span>een<span class=\"ls1 ws0\"> </span>the<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Stol<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">Nielsen family<span class=\"_ _2\"></span>, other tha<span class=\"_ _2\"></span>n those </span></span></div><div class=\"t m0 h98 ff1e3 fs39 fc2 sc0 ls2f ws4e gs69a\">described<span class=\"ls1 ws0\"> </span>below.<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 ha6 ff1e1 fs3c fcb sc0 ls58 ws8e gs69b\">Employee and officer loans and advances<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1e3 fs39 fc2 sc0 ls30 ws50 gs69c\">Includ<span class=\"_ _2\"></span>ed i<span class=\"_ _2\"></span>n <span class=\"ls1 ws0\">o</span><span class=\"ws4f\">ther cu<span class=\"_ _2\"></span>rren<span class=\"_ _2\"></span>t assets<span class=\"_ _2\"></span> are lo<span class=\"_ _2\"></span>ans and<span class=\"_ _2\"></span> advanc<span class=\"_ _2\"></span>es to emp<span class=\"_ _2\"></span>loye<span class=\"_ _2\"></span>es and of<span class=\"_ _2\"></span>ficer<span class=\"_ _2\"></span>s of the<span class=\"_ _2\"></span> Group of<span class=\"_ _2\"></span> </span></div><div class=\"t m0 h98 ff1e3 fs39 fc2 sc0 ls2f ws70 gs69d\">$0.3 million <span class=\"_ _2\"></span>and $0.5 m<span class=\"_ _2\"></span>illion at<span class=\"ls1 ws0\"> </span><span class=\"ws4e\">November<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">30, 2025</span> </span></span>a<span class=\"_ _1\"></span>nd 2<span class=\"_ _2\"></span>024, respectively.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls30 ws4f\">In additio<span class=\"_ _2\"></span>n, </span>n<span class=\"ls4a ws74\">one of</span> <span class=\"ls30 ws52\">the<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 h98 ff1e3 fs39 fc2 sc0 ls30 ws50 gs69e\">total <span class=\"_ _2\"></span>loans<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>adv<span class=\"_ _2\"></span>ances w<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span> inte<span class=\"_ _2\"></span>rest<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span><span class=\"ws52\">bearing<span class=\"ls1 ws0\"> <span class=\"ls4a ws86\">as of <span class=\"ls31 ws51\">both November 30, 2025</span></span> <span class=\"ls31 ws51\">and 2024.</span> <span class=\"_ _1\"></span> </span></span></div><div class=\"t m0 ha6 ff1e1 fs3c fcb sc0 ls58 ws88 gs69f\">Board of <span class=\"_ _1\"></span>Di<span class=\"_ _2\"></span>rectors <span class=\"_ _1\"></span>and key management compensation<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1e4 fs39 fc2 sc0 ls2f wsb6 gs6a0\">Ke<span class=\"_ _1\"></span>y manag<span class=\"_ _1\"></span>ement in<span class=\"_ _1\"></span>cludes<span class=\"_ _1\"></span> the Exec<span class=\"_ _1\"></span>utive O<span class=\"_ _1\"></span>fficer<span class=\"_ _1\"></span>s and Pres<span class=\"_ _1\"></span>ident<span class=\"_ _1\"></span>s of the Gr<span class=\"_ _1\"></span>oup\u2019s m<span class=\"_ _1\"></span>ajor bus<span class=\"_ _1\"></span>inesse<span class=\"_ _1\"></span>s. </div><div class=\"t m0 h98 ff1e3 fs39 fc2 sc0 ls2f wsb6 gs6a1\">To<span class=\"_ _1\"></span>tal comp<span class=\"_ _1\"></span>ensat<span class=\"_ _1\"></span>ion and b<span class=\"_ _1\"></span>enefit<span class=\"_ _1\"></span>s of<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls70 ws70\">t<span class=\"_ _2\"></span>he Board<span class=\"_ _2\"></span> of D<span class=\"_ _2\"></span>irectors<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>the key m<span class=\"_ _2\"></span>anageme<span class=\"_ _2\"></span>nt were <span class=\"_ _2\"></span>as foll<span class=\"_ _2\"></span>ows:<span class=\"ls1 ws0\"> </span></span></span></div><div class=\"gs6a2\"><table class=\"s w151 h16c\" id=\"_a3076642-214c-419c-81f4-dcbd5cbda79a\"><tr><td></td><td class=\"c x24d y2f2d wf5 h80\"><div class=\"t m0 x17a h82 y1c8b ff1e3 fs3b fc2 sc0 ls1 ws32\">For the years ended November 30<span class=\"ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2bec w150 h121\"><div class=\"t m0 x245 h82 y29a6 ff1e3 fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2b9 h82 y29a7 ff1e3 fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x24d y2f2e w20 h83\"><div class=\"t m0 x177 h85 y1cad ff1e1 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f2e w20 h83\"><div class=\"t m0 x177 h82 y1cad ff1e3 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f2f wf4 h8a\"><div class=\"t m0 x0 h88 y1c3f ff1e3 fs3a fc2 sc0 ls26 ws3d\">Board fees<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24d y2f2f w20 h8a\"><div class=\"t m0 x177 h87 y1c3f ff1e1 fs3a fc2 sc0 ls21 ws35\">975<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f2f w20 h8a\"><div class=\"t m0 x184 h88 y1c3f ff1e3 fs3a fc2 sc0 ls20 ws36\">2,140<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f30 wf4 h86\"><div class=\"t m0 x0 h88 y1c4c ff1e3 fs3a fc2 sc0 ls2e ws4c\">Salary and bene<span class=\"_ _2\"></span>fits<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24d y2f30 w20 h86\"><div class=\"t m0 x185 h87 y1c4c ff1e1 fs3a fc2 sc0 ls21 ws35\">6,24<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f30 w20 h86\"><div class=\"t m0 x184 h88 y1c4c ff1e3 fs3a fc2 sc0 ls20 ws36\">6,048<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f31 wf4 h86\"><div class=\"t m0 x0 h88 y1bfa ff1e3 fs3a fc2 sc0 ls22 ws37\">Profit s<span class=\"_ _1\"></span>haring<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24d y2f31 w20 h86\"><div class=\"t m0 x185 h87 y1bfa ff1e1 fs3a fc2 sc0 ls21 ws35\">2,70<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f31 w20 h86\"><div class=\"t m0 x184 h88 y1bfa ff1e3 fs3a fc2 sc0 ls20 ws36\">3,607<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f32 wf4 ha4\"><div class=\"t m0 x0 h88 y1c4d ff1e3 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls26 ws3d\">term incenti<span class=\"_ _1\"></span>ves</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x24d y2f32 w20 ha4\"><div class=\"t m0 x185 h87 y1c4d ff1e1 fs3a fc2 sc0 ls21 ws35\">2,78<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f32 w20 ha4\"><div class=\"t m0 x184 h88 y1c4d ff1e3 fs3a fc2 sc0 ls20 ws36\">2,279<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f33 wf4 h86\"><div class=\"t m0 x0 h88 y1bfa ff1e3 fs3a fc2 sc0 ls26 ws3d\">Defined b<span class=\"_ _1\"></span>enefit pension cost<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24d y2f33 w20 h86\"><div class=\"t m0 x177 h87 y1bfa ff1e1 fs3a fc2 sc0 ls21 ws35\">159<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f33 w20 h86\"><div class=\"t m0 x1a0 h88 y1bfa ff1e3 fs3a fc2 sc0 ls20 ws36\">148<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f34 wf4 h86\"><div class=\"t m0 x0 h88 y1c05 ff1e3 fs3a fc2 sc0 ls24 ws3a\">Defined contribution pension cost<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24d y2f34 w20 h86\"><div class=\"t m0 x177 h87 y1c05 ff1e1 fs3a fc2 sc0 ls21 ws35\">420<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f34 w20 h86\"><div class=\"t m0 x1a0 h88 y1c05 ff1e3 fs3a fc2 sc0 ls20 ws36\">481<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f35 wf4 h8a\"><div class=\"t m0 x0 h87 y1c03 ff1e1 fs3a fc2 sc0 ls2c ws5a\">Total compens<span class=\"_ _1\"></span>ation and benefits<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24d y2f35 w20 h8a\"><div class=\"t m0 x179 h87 y1c03 ff1e1 fs3a fc2 sc0 ls27 ws3f\">13<span class=\"ls1 ws0\">,<span class=\"ls66 ws9d\">285</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f35 w20 h8a\"><div class=\"t m0 x183 h88 y1c03 ff1e3 fs3a fc2 sc0 ls20 ws36\">14,703<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f36 wf4 h86\"><div class=\"t m0 x0 h88 y1c05 ff1e3 fs3a fc2 sc0 ls24 ws3a\">Average number of key managers included<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24d y2f36 w20 h86\"><div class=\"t m0 x193 h87 y1c05 ff1e1 fs3a fc2 sc0 ls27 ws3f\">12<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f36 w20 h86\"><div class=\"t m0 x193 h88 y1c05 ff1e3 fs3a fc2 sc0 ls20 ws36\">11<span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 h98 ff1e3 fs39 fc2 sc0 ls30 ws50 gs6a3\">At the<span class=\"_ _2\"></span> end<span class=\"_ _2\"></span> of <span class=\"ls31 ws53\">2025<span class=\"ls1 ws0\"> </span></span><span class=\"ws52\">and<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ls31 ws53\">2024<span class=\"ls59 ws95\">, <span class=\"ls30 ws52\">the<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">Board of Direc<span class=\"_ _2\"></span>tors consist<span class=\"_ _2\"></span>ed of <span class=\"ls48 ws72\">six<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">mem<span class=\"_ _2\"></span>bers.<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">Insura<span class=\"_ _2\"></span>nce <span class=\"_ _2\"></span>has bee<span class=\"_ _2\"></span>n </span></span></span></span></span></span></span></span></span></span></div><div class=\"t m0 h98 ff1e3 fs39 fc2 sc0 ls30 ws50 gs6a4\">taken <span class=\"_ _2\"></span>out f<span class=\"_ _2\"></span>or t<span class=\"_ _2\"></span>he B<span class=\"_ _2\"></span>oard<span class=\"_ _2\"></span> of<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">Directors and Exec<span class=\"_ _2\"></span>utive Office<span class=\"_ _2\"></span>rs in res<span class=\"_ _2\"></span>pect of thei<span class=\"_ _2\"></span>r potential <span class=\"_ _2\"></span>liability to<span class=\"_ _2\"></span> the </span></span></div><div class=\"t m0 h98 ff1e3 fs39 fc2 sc0 ls30 ws50 gs6a5\">Group<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>third<span class=\"_ _2\"></span> par<span class=\"_ _2\"></span>ties.<span class=\"_ _195\"> </span><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 ha6 ff1e1 fs3c fcb sc0 ls58 ws8e gs6a6\">Transactions with joint ventures and associates<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1e3 fs39 fc2 sc0 ls2f ws70 gs6a7\">The consolidated<span class=\"_ _2\"></span> balance sheet<span class=\"_ _2\"></span>s include t<span class=\"_ _2\"></span>he following items<span class=\"_ _2\"></span> related <span class=\"_ _2\"></span>to transactio<span class=\"_ _2\"></span>ns with the<span class=\"_ _2\"></span> Group:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"gs6a8\"><table class=\"s w10e h16d\" id=\"_68ebe60d-54b6-41da-9aa2-c65a4223669a\"><tr><td></td><td class=\"t m0 x3da h82 y2f37 ff1e3 fs3b fc2 sc0 ls1 ws32\">As of November<span class=\"ws0\"> <span class=\"ls1b ws2f\">30</span></span><span class=\"ws0\"> </span></td><td></td></tr><tr><td class=\"c x24b y2f38 wf4 ha3\"><div class=\"t m0 x0 h82 y1ccb ff1e3 fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"t m0 x2e8 h85 y2f39 ff1e1 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"t m0 x2e1 h82 y2f39 ff1e3 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2f3a wf4 h8a\"><div class=\"t m0 x0 h87 y1c03 ff1e1 fs3a fc2 sc0 ls22 ws34\">Joint ve<span class=\"_ _1\"></span>ntures:<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x24b y2f3b wf4 h86\"><div class=\"t m0 x0 h88 y1c05 ff1e3 fs3a fc2 sc0 ls24 ws3a\">Amounts due from the Group<span class=\"ls1 ws0\"> <span class=\"_ _4\"></span><span class=\"fcc sc1\"> </span></span></div></td><td class=\"c x24d y2f3b w20 h86\"><div class=\"t m0 x179 h87 y1c05 ff1e1 fs3a fc2 sc0 ls23 ws39\">13,514<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f3b w20 h86\"><div class=\"t m0 x183 h88 y1c05 ff1e3 fs3a fc2 sc0 ls20 ws36\">26,157<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f3c wf4 h86\"><div class=\"t m0 x0 h88 y225f ff1e3 fs3a fc2 sc0 ls24 ws3a\">Amounts due to the Group<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24d y2f3c w20 h86\"><div class=\"t m0 x179 h87 y225f ff1e1 fs3a fc2 sc0 ls23 ws39\">72,893<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f3c w20 h86\"><div class=\"t m0 x183 h88 y225f ff1e3 fs3a fc2 sc0 ls20 ws36\">87,046<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 h98 ff1e3 fs39 fc2 sc0 ls30 ws50 gs6a9\">Includ<span class=\"_ _2\"></span>ed wi<span class=\"_ _2\"></span>thin <span class=\"_ _2\"></span><span class=\"ls1 ws0\">a</span>mounts d<span class=\"_ _2\"></span>ue<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup a<span class=\"_ _2\"></span>re <span class=\"ls2f ws70\">nil<span class=\"_ _2\"></span> and $5.7 m<span class=\"_ _2\"></span>illion <span class=\"_ _2\"></span>as of November<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">30, 2025<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">and<span class=\"_ _2\"></span> </span></span></span></span></span></div><div class=\"t m0 h98 ff1e3 fs39 fc2 sc0 ls31 ws51 gs6aa\">2024, respectively, for<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">rec<span class=\"_ _2\"></span>eivab<span class=\"_ _2\"></span>les<span class=\"_ _2\"></span> from <span class=\"_ _2\"></span>joi<span class=\"_ _2\"></span>nt ve<span class=\"_ _2\"></span>nture<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> assoc<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ates. T<span class=\"_ _2\"></span>hese<span class=\"_ _2\"></span> amo<span class=\"_ _2\"></span>unts<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> refle<span class=\"_ _2\"></span>cted<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 h98 ff1e3 fs39 fc2 sc0 ls30 ws4f gs6ab\">in the co<span class=\"_ _2\"></span>nsoli<span class=\"_ _2\"></span>dated<span class=\"_ _2\"></span> balanc<span class=\"_ _2\"></span>e shee<span class=\"_ _2\"></span>ts as <span class=\"ls1 ws0\">o</span><span class=\"ws50\">ther c<span class=\"_ _2\"></span>urren<span class=\"_ _2\"></span>t as<span class=\"_ _2\"></span>sets.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span> rem<span class=\"_ _2\"></span>aining<span class=\"_ _2\"></span> amou<span class=\"_ _2\"></span>nts d<span class=\"_ _2\"></span>ue <span class=\"_ _2\"></span>to the<span class=\"_ _2\"></span> </span></div><div class=\"t m0 h98 ff1e3 fs39 fc2 sc0 ls30 ws50 gs6ac\">Group<span class=\"_ _2\"></span> are i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>uded i<span class=\"_ _2\"></span>n <span class=\"ls1 ws0\">i</span>nvestme<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span>s in<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>advance<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>to joi<span class=\"_ _2\"></span>nt ve<span class=\"_ _2\"></span>ntu<span class=\"_ _2\"></span>res a<span class=\"_ _2\"></span>nd ass<span class=\"_ _2\"></span>ocia<span class=\"_ _2\"></span>tes.<span class=\"_ _2\"></span> Amo<span class=\"_ _2\"></span>unts d<span class=\"_ _2\"></span>ue </div><div class=\"t m0 h98 ff1e3 fs39 fc2 sc0 ls30 ws50 gs6ad\">from <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> are i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>uded i<span class=\"_ _2\"></span>n <span class=\"ls1 ws0\">o<span class=\"ls2f ws70\">ther current li<span class=\"_ _2\"></span>abilities in<span class=\"_ _2\"></span> the conso<span class=\"_ _2\"></span>lidated</span> </span>balanc<span class=\"_ _2\"></span>e shee<span class=\"_ _2\"></span>ts.<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1e3 fs39 fc2 sc0 ls30 ws50 gs6ae\">The l<span class=\"_ _2\"></span>ong<span class=\"ls1 ws0\">-</span><span class=\"ws4f\">term adv<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span>s to NYK<span class=\"_ _2\"></span> Stolt<span class=\"_ _2\"></span> Tanke<span class=\"_ _2\"></span>rs S.A. of<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">$<span class=\"ls31 ws53\">62.<span class=\"_ _1\"></span>5<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">million <span class=\"ws70\">and $42.7 mill<span class=\"_ _2\"></span>ion as of </span></span></span></span></span></span></div><div class=\"t m0 h98 ff1e3 fs39 fc2 sc0 ls31 ws51 gs6af\">November 30, 2025 and 2024<span class=\"ls1 ws0\">, <span class=\"_ _3\"></span><span class=\"ls2f ws70\">b<span class=\"_ _2\"></span>ear interest<span class=\"_ _2\"></span> at 5.23<span class=\"_ _2\"></span><span class=\"ls46 ws6f\">%.<span class=\"ls1 ws0\"> <span class=\"ls30 ws4f\">The Group<span class=\"_ _2\"></span> had<span class=\"_ _2\"></span> also mad<span class=\"_ _2\"></span>e long<span class=\"_ _2\"></span></span>-<span class=\"ls30 ws52\">term </span></span></span></span></span></div><div class=\"t m0 h98 ff1e3 fs39 fc2 sc0 ls30 ws50 gs6b0\">advance<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> $<span class=\"ls31 ws53\">13.1<span class=\"ls1 ws0\"> </span></span>millio<span class=\"_ _2\"></span>n and<span class=\"_ _2\"></span> $<span class=\"_ _2\"></span><span class=\"ls31 ws53\">38.7<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">mil<span class=\"_ _2\"></span>lion <span class=\"_ _2\"></span>to ot<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span>r joi<span class=\"_ _2\"></span>nt ve<span class=\"_ _2\"></span>nture<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> assoc<span class=\"_ _2\"></span>iates<span class=\"_ _2\"></span> <span class=\"ls2f ws70\">at<span class=\"_ _2\"></span> November 3<span class=\"_ _2\"></span>0, </span></span></span></span></div><div class=\"t m0 h98 ff1e3 fs39 fc2 sc0 ls31 ws53 gs6b1\">2025<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">and 2024, respectively. Interest on these range from 4.8<span class=\"_ _2\"></span>% to 7.0% in 2025 and 2024. Interest </span></span></div><div class=\"t m0 h98 ff1e3 fs39 fc2 sc0 ls2f ws70 gs6b2\">received in c<span class=\"_ _2\"></span>ash was $1.7<span class=\"_ _2\"></span> million a<span class=\"_ _2\"></span>nd <span class=\"ls30 ws52\">nil<span class=\"_ _2\"></span> as <span class=\"_ _1\"></span><span class=\"ls1 ws0\">o<span class=\"ls31 ws51\">f November 30,</span> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">2025 a<span class=\"_ _2\"></span>nd 2024<span class=\"ls2f ws75\">, respectively<span class=\"ls1 ws0\">.  </span></span></span></span></span></div><div class=\"t m0 h98 ff1e3 fs39 fc2 sc0 ls30 ws50 gs6b3\">The joi<span class=\"_ _2\"></span>nt v<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>ures <span class=\"_ _2\"></span>and a<span class=\"_ _2\"></span>ssoci<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>s inc<span class=\"_ _2\"></span>lude<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>foll<span class=\"_ _2\"></span>owing<span class=\"_ _2\"></span> items<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>ated <span class=\"_ _2\"></span>to tr<span class=\"_ _2\"></span>ansac<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>ns wit<span class=\"_ _2\"></span>h <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1e3 fs39 fc2 sc0 ls30 ws50 gs6b4\">the G<span class=\"_ _2\"></span>roup:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"gs6b5\"><table class=\"s w14b h16e\" id=\"_71e59864-6439-405e-b760-5c84a11d28d1\"><tr><td></td><td class=\"t m0 x3db h82 y2f3d ff1e3 fs3b fc2 sc0 ls19 ws2d\">For<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">the</span> years en<span class=\"_ _2\"></span>ded November <span class=\"ls1b ws2f\">30</span></span><span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td class=\"c x246 y2f3e w170 h121\"><div class=\"t m0 x245 h82 y29a6 ff1e3 fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2f3 h82 y29a7 ff1e3 fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x3dc h85 y2f3f ff1e1 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"t m0 x2c6 h82 y2f3f ff1e3 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x241 y2f40 wf6 h86\"><div class=\"t m0 x0 h87 y1bf8 ff1e1 fs3a fc2 sc0 ls22 ws34\">Joint Ve<span class=\"_ _1\"></span>ntures<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x246 y2f42 w1c8 h16f\"><div class=\"t m0 x245 h88 y2933 ff1e3 fs3a fc2 sc0 ls24 ws3a\">Charter hire revenue</div><div class=\"t m0 x3dd hd1 y2f41 ff1e3 fs43 fc2 sc0 ls1 ws0\">1<span class=\"_ _195\"> </span></div></td><td class=\"c x254 y2f43 w20 h8a\"><div class=\"t m0 x180 h87 y1bf6 ff1e1 fs3a fc2 sc0 ls27 ws3f\">15<span class=\"ls1 ws0\">6<span class=\"ls21 ws35\">,628</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2f43 w2a h8a\"><div class=\"t m0 x181 h88 y1bf6 ff1e3 fs3a fc2 sc0 ls20 ws36\">213,483<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f44 wf6 h86\"><div class=\"t m0 x0 h88 y1bf8 ff1e3 fs3a fc2 sc0 ls24 ws3a\">Tank container cleaning station revenue<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x254 y2f44 w20 h86\"><div class=\"t m0 x185 h87 y1bf8 ff1e1 fs3a fc2 sc0 ls21 ws35\">7,86<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2f44 w2a h86\"><div class=\"t m0 x184 h88 y1bf8 ff1e3 fs3a fc2 sc0 ls20 ws36\">9,167<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f45 wf6 h86\"><div class=\"t m0 x0 h88 y1bde ff1e3 fs3a fc2 sc0 ls26 ws3d\">Charter hire expense<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x254 y2f45 w20 h86\"><div class=\"t m0 x179 h87 y1bde ff1e1 fs3a fc2 sc0 ls23 ws39\">61,521<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2f45 w2a h86\"><div class=\"t m0 x181 h88 y1bde ff1e3 fs3a fc2 sc0 ls20 ws36\">131,535<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f46 wf6 ha4\"><div class=\"t m0 x0 h88 y1be0 ff1e3 fs3a fc2 sc0 ls2e ws5c\">Management<span class=\"ls24 ws3a\">, f<span class=\"ws33\">reight and <span class=\"ls29 ws44\">STJS<span class=\"ls1 ws0\"> <span class=\"ls22 ws37\">commi<span class=\"_ _1\"></span>ssion and other expens<span class=\"_ _1\"></span>es</span></span></span></span></span><span class=\"ls24 ws3a\"><span class=\"ws33\"><span class=\"ls29 ws44\"><span class=\"ls1 ws0\"><span class=\"ls22 ws37\"><span class=\"ls1 ws0\"> </span></span></span></span></span></span></div></td><td class=\"c x254 y2f46 w20 ha4\"><div class=\"t m0 x179 h87 y1be0 ff1e1 fs3a fc2 sc0 ls1 ws0\">1<span class=\"_ _1\"></span>8,<span class=\"_ _1\"></span><span class=\"ls66 ws9d\">308</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x244 y2f46 w2a ha4\"><div class=\"t m0 x183 h88 y1be0 ff1e3 fs3a fc2 sc0 ls20 ws36\">37,263<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f47 wf6 h86\"><div class=\"t m0 x0 h88 y1bde ff1e3 fs3a fc2 sc0 ls24 ws3a\">Finance expense<span class=\"ls1 ws0\"> <span class=\"_ _176\"></span><span class=\"fcc sc1\"> </span></span></div></td><td class=\"c x254 y2f47 w20 h86\"><div class=\"t m0 x185 h87 y1bde ff1e1 fs3a fc2 sc0 ls27 ws3f\">3,<span class=\"ls21 ws35\">249</span><span class=\"ls21 ws35\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x244 y2f47 w2a h86\"><div class=\"t m0 x184 h88 y1bde ff1e3 fs3a fc2 sc0 ls20 ws36\">4,135<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f48 wf6 h86\"><div class=\"t m0 x0 h87 y1be4 ff1e1 fs3a fc2 sc0 ls27 ws3f\">Assoc<span class=\"_ _2\"></span>iates<span class=\"_ _195\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x241 y2f49 wf6 h8a\"><div class=\"t m0 x0 h88 y1be6 ff1e3 fs3a fc2 sc0 ls2e ws5c\">Bareboat <span class=\"ls24 ws3b\">revenue</span><span class=\"ls24 ws3b\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x254 y2f49 w20 h8a\"><div class=\"t m0 x2d h87 y1be6 ff1e5 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff1e1\"> </span></div></td><td class=\"c x244 y2f49 w2a h8a\"><div class=\"t m0 x184 h88 y1be6 ff1e3 fs3a fc2 sc0 ls20 ws36\">4,231<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x246 y2f4a w1c9 h16f\"><div class=\"t m0 x245 h88 y2933 ff1e3 fs3a fc2 sc0 ls24 ws3a\">Commission, management and other revenue</div><div class=\"t m0 x3de hd1 y2f41 ff1e3 fs43 fc2 sc0 ls1 ws0\">2<span class=\"_ _195\"> </span></div></td><td class=\"c x254 y2f4b w20 h86\"><div class=\"t m0 x185 h87 y1be4 ff1e1 fs3a fc2 sc0 ls21 ws35\">1,47<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2f4b w2a h86\"><div class=\"t m0 x184 h88 y1be4 ff1e3 fs3a fc2 sc0 ls20 ws36\">1,838<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f4c wf6 h86\"><div class=\"t m0 x0 h88 y1be2 ff1e3 fs3a fc2 sc0 ls24 ws3a\">Tank container cleaning station revenue<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x3a3 h87 y2f4d ff1e1 fs3a fc2 sc0 ls21 ws35\">3,53<span class=\"_ _2\"></span>6<span class=\"_ _195\"> </span></td><td class=\"t m0 x3df h88 y2f4d ff1e3 fs3a fc2 sc0 ls20 ws36\">3,531<span class=\"_ _195\"> </span></td></tr></table></div><div class=\"t m0 ha2 ff1e3 fs3f fc2 sc0 ls3c ws61 gs6b6\">1.<span class=\"ff1e6 ls1 ws0\">  </span><span class=\"ls3f ws9f\">The chart<span class=\"_ _1\"></span>er hir<span class=\"_ _1\"></span>e reve<span class=\"_ _1\"></span>nues are am<span class=\"_ _1\"></span>ounts<span class=\"_ _1\"></span> distri<span class=\"_ _1\"></span>buted<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>to <span class=\"ls67 wsaf\">NYK Sto<span class=\"_ _2\"></span>lt Tan<span class=\"_ _2\"></span>ke<span class=\"_ _2\"></span>rs S.<span class=\"_ _2\"></span>A.<span class=\"ls3c ws66\">,<span class=\"_ _2\"></span> NSSH<span class=\"ls1 ws0\"> </span><span class=\"ws61\">and HS4<span class=\"ls1 ws0\"> <span class=\"ls42 ws6a\">joint<span class=\"_ _2\"></span> ventu<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Grou<span class=\"_ _2\"></span>p, f<span class=\"_ _2\"></span>or <span class=\"_ _2\"></span></span></span></span></span><span class=\"wse4\">thei<span class=\"_ _2\"></span>r share<span class=\"_ _2\"></span> <span class=\"ls68 wsa1\">of<span class=\"ls1 ws0\"> </span></span></span></span></span></div><div class=\"t m0 ha2 ff1e3 fs3f fc2 sc0 ls42 wse5 gs6b7\">STJS<span class=\"ls1 ws0\"> <span class=\"ls68 wse6\">or S<span class=\"_ _2\"></span>NA<span class=\"_ _2\"></span>PS <span class=\"_ _2\"></span>Pool</span> <span class=\"ls40 wse7\">revenue</span>. </span></div><div class=\"t m0 ha2 ff1e3 fs3f fc2 sc0 ls3c ws61 gs6b8\">2.<span class=\"ff1e6 ls1 ws0\">  </span><span class=\"ws66\">Rep<span class=\"_ _2\"></span>resent<span class=\"_ _2\"></span>s comm<span class=\"_ _2\"></span>ission<span class=\"_ _2\"></span> and m<span class=\"_ _2\"></span>anagem<span class=\"_ _2\"></span>ent fe<span class=\"_ _2\"></span>es paid<span class=\"_ _2\"></span> to E&amp;<span class=\"_ _2\"></span>S Tan<span class=\"_ _2\"></span>kers a<span class=\"_ _2\"></span>s the j<span class=\"_ _2\"></span>oint v<span class=\"_ _2\"></span>enture <span class=\"_ _2\"></span>trade<span class=\"_ _2\"></span>s <span class=\"ls67 wse4\">so<span class=\"_ _2\"></span>me<span class=\"ls1 ws0\"> <span class=\"ff1e4 ls3f ws9f\">of th<span class=\"_ _1\"></span>e Group<span class=\"_ _1\"></span>\u2019s Europ<span class=\"_ _1\"></span>ean fle<span class=\"_ _1\"></span>et.<span class=\"ff1e3 ls1 ws0\"> </span></span></span></span></span></div><div class=\"t m0 h98 ff1e3 fs39 fc2 sc0 ls30 ws50 gs6b9\">The Gr<span class=\"_ _2\"></span>oup h<span class=\"_ _2\"></span>as a<span class=\"_ _2\"></span> 24.9<span class=\"_ _2\"></span>9% i<span class=\"_ _2\"></span>nteres<span class=\"_ _2\"></span>t i<span class=\"_ _2\"></span>n Nor<span class=\"_ _2\"></span>termi<span class=\"_ _2\"></span>nal A<span class=\"_ _2\"></span>.S.<span class=\"_ _2\"></span><span class=\"ls59 ws95\">, </span><span class=\"ws52\">which<span class=\"ls1 ws0\"> </span></span>is a c<span class=\"_ _2\"></span>ompany<span class=\"_ _2\"></span> work<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> on s<span class=\"_ _2\"></span>torage<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff1e3 fs39 fc2 sc0 ls30 ws50 gs6ba\">projec<span class=\"_ _2\"></span>ts in<span class=\"_ _2\"></span> nor<span class=\"_ _2\"></span>thern<span class=\"_ _2\"></span> Norw<span class=\"_ _2\"></span>ay.<span class=\"_ _2\"></span> The<span class=\"ls1 ws0\"> </span>remai<span class=\"_ _2\"></span>ning 7<span class=\"_ _2\"></span>5.01<span class=\"_ _2\"></span>% of<span class=\"_ _2\"></span> Nor<span class=\"_ _2\"></span>termi<span class=\"_ _2\"></span>nal A<span class=\"_ _2\"></span>.S. i<span class=\"_ _2\"></span>s c<span class=\"_ _2\"></span>ontrol<span class=\"_ _2\"></span>led by<span class=\"_ _2\"></span> S<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls4f ws7c\">N </span></span></div><div class=\"t m0 h98 ff1e4 fs39 fc2 sc0 ls2f ws70 gs6bb\">Terminal A.<span class=\"_ _2\"></span>S., a company<span class=\"_ _2\"></span> wholly owned<span class=\"_ _2\"></span> by one of<span class=\"_ _2\"></span> SNL\u2019s <span class=\"ff1e3 ls1 ws0\">d<span class=\"ls30 ws50\">irec<span class=\"_ _2\"></span>tors<span class=\"_ _2\"></span> who</span> <span class=\"ls2f ws4e\">is</span> </span><span class=\"ff1e3\">a member of the <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 h98 ff1e3 fs39 fc2 sc0 ls46 ws6f gs6bc\">Stol<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">Nielsen family. T<span class=\"_ _2\"></span>he</span> <span class=\"ff1e4 ls30 ws50\">Group\u2019s<span class=\"_ _2\"></span> inves<span class=\"_ _2\"></span>tment<span class=\"_ _2\"></span> in <span class=\"_ _2\"></span>Nort<span class=\"_ _2\"></span></span><span class=\"ls2f ws75\">erminal A.S. <span class=\"ls30 ws50\">was $<span class=\"_ _2\"></span></span></span>0<span class=\"ls2f ws70\">.7 million and $0.6<span class=\"_ _2\"></span> million<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 h98 ff1e3 fs39 fc2 sc0 ls30 ws52 gs6bd\">as<span class=\"ls1 ws0\"> <span class=\"ls4a ws76\">of</span> <span class=\"ls31 ws51\">N<span class=\"_ _1\"></span>ovember 30, 2025 <span class=\"_ _2\"></span>and 2024, respectivel<span class=\"_ _1\"></span>y.</span></span><span class=\"ls1 ws0\"><span class=\"ls31 ws51\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span><span class=\"ls1 ws0\"><span class=\"ls31 ws51\"><span class=\"ls1 ws0\"> <span class=\"_ _18d\"> </span> </span></span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTransactionsBetweenRelatedPartiesExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-616": {
   "value": "28<span class=\"ls1 wsba\">. Related Party <span class=\"_ _2\"></span><span class=\"ws0\">Transactions </span></span>The Group is<span class=\"_ _2\"></span> ultimately c<span class=\"_ _2\"></span>ontrolled by t<span class=\"_ _2\"></span>rusts est<span class=\"_ _2\"></span>ablished for t<span class=\"_ _2\"></span>he benefit of t<span class=\"_ _2\"></span>he Stolt<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span>Nielsen family. Compe<span class=\"_ _2\"></span>nsatio<span class=\"_ _2\"></span>n a<span class=\"_ _2\"></span>nd Boa<span class=\"_ _2\"></span>rd f<span class=\"_ _2\"></span>ees a<span class=\"_ _2\"></span>re<span class=\"ls1 ws0\"> <span class=\"ls2f ws75\">provided to</span> </span>certain m<span class=\"_ _2\"></span>embe<span class=\"_ _2\"></span>rs<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>the S<span class=\"_ _2\"></span>tolt<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls2f ws70\">Nie<span class=\"_ _2\"></span>lsen family.<span class=\"_ _2\"></span> There </span></span>are n<span class=\"_ _2\"></span>o oth<span class=\"_ _2\"></span>er t<span class=\"_ _2\"></span>rans<span class=\"_ _2\"></span>actions<span class=\"_ _2\"></span> betw<span class=\"_ _2\"></span>een<span class=\"ls1 ws0\"> </span>the<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Stol<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">Nielsen family<span class=\"_ _2\"></span>, other tha<span class=\"_ _2\"></span>n those </span></span>described<span class=\"ls1 ws0\"> </span>below.<span class=\"ls1 ws0\"> </span>Employee and officer loans and advances<span class=\"ls1 ws0\"> </span>Includ<span class=\"_ _2\"></span>ed i<span class=\"_ _2\"></span>n <span class=\"ls1 ws0\">o</span><span class=\"ws4f\">ther cu<span class=\"_ _2\"></span>rren<span class=\"_ _2\"></span>t assets<span class=\"_ _2\"></span> are lo<span class=\"_ _2\"></span>ans and<span class=\"_ _2\"></span> advanc<span class=\"_ _2\"></span>es to emp<span class=\"_ _2\"></span>loye<span class=\"_ _2\"></span>es and of<span class=\"_ _2\"></span>ficer<span class=\"_ _2\"></span>s of the<span class=\"_ _2\"></span> Group of<span class=\"_ _2\"></span> </span>$0.3 million <span class=\"_ _2\"></span>and $0.5 m<span class=\"_ _2\"></span>illion at<span class=\"ls1 ws0\"> </span><span class=\"ws4e\">November<span class=\"ls1 ws0\"> <span class=\"ls31 ws51\">30, 2025</span> </span></span>a<span class=\"_ _1\"></span>nd 2<span class=\"_ _2\"></span>024, respectively.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls30 ws4f\">In additio<span class=\"_ _2\"></span>n, </span>n<span class=\"ls4a ws74\">one of</span> <span class=\"ls30 ws52\">the<span class=\"_ _2\"></span> </span></span>total <span class=\"_ _2\"></span>loans<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>adv<span class=\"_ _2\"></span>ances w<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span> inte<span class=\"_ _2\"></span>rest<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span><span class=\"ws52\">bearing<span class=\"ls1 ws0\"> <span class=\"ls4a ws86\">as of <span class=\"ls31 ws51\">both November 30, 2025</span></span> <span class=\"ls31 ws51\">and 2024.</span> <span class=\"_ _1\"></span> </span></span>Board of <span class=\"_ _1\"></span>Di<span class=\"_ _2\"></span>rectors <span class=\"_ _1\"></span>and key management compensation<span class=\"ls1 ws0\"> </span>Ke<span class=\"_ _1\"></span>y manag<span class=\"_ _1\"></span>ement in<span class=\"_ _1\"></span>cludes<span class=\"_ _1\"></span> the Exec<span class=\"_ _1\"></span>utive O<span class=\"_ _1\"></span>fficer<span class=\"_ _1\"></span>s and Pres<span class=\"_ _1\"></span>ident<span class=\"_ _1\"></span>s of the Gr<span class=\"_ _1\"></span>oup\u2019s m<span class=\"_ _1\"></span>ajor bus<span class=\"_ _1\"></span>inesse<span class=\"_ _1\"></span>s. To<span class=\"_ _1\"></span>tal comp<span class=\"_ _1\"></span>ensat<span class=\"_ _1\"></span>ion and b<span class=\"_ _1\"></span>enefit<span class=\"_ _1\"></span>s of<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls70 ws70\">t<span class=\"_ _2\"></span>he Board<span class=\"_ _2\"></span> of D<span class=\"_ _2\"></span>irectors<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>the key m<span class=\"_ _2\"></span>anageme<span class=\"_ _2\"></span>nt were <span class=\"_ _2\"></span>as foll<span class=\"_ _2\"></span>ows:<span class=\"ls1 ws0\"> </span></span></span><table class=\"s w151 h16c\" id=\"_a3076642-214c-419c-81f4-dcbd5cbda79a\"><tr><td></td><td class=\"c x24d y2f2d wf5 h80\"><div class=\"t m0 x17a h82 y1c8b ff1e3 fs3b fc2 sc0 ls1 ws32\">For the years ended November 30<span class=\"ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2bec w150 h121\"><div class=\"t m0 x245 h82 y29a6 ff1e3 fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2b9 h82 y29a7 ff1e3 fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x24d y2f2e w20 h83\"><div class=\"t m0 x177 h85 y1cad ff1e1 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f2e w20 h83\"><div class=\"t m0 x177 h82 y1cad ff1e3 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f2f wf4 h8a\"><div class=\"t m0 x0 h88 y1c3f ff1e3 fs3a fc2 sc0 ls26 ws3d\">Board fees<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24d y2f2f w20 h8a\"><div class=\"t m0 x177 h87 y1c3f ff1e1 fs3a fc2 sc0 ls21 ws35\">975<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f2f w20 h8a\"><div class=\"t m0 x184 h88 y1c3f ff1e3 fs3a fc2 sc0 ls20 ws36\">2,140<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f30 wf4 h86\"><div class=\"t m0 x0 h88 y1c4c ff1e3 fs3a fc2 sc0 ls2e ws4c\">Salary and bene<span class=\"_ _2\"></span>fits<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24d y2f30 w20 h86\"><div class=\"t m0 x185 h87 y1c4c ff1e1 fs3a fc2 sc0 ls21 ws35\">6,24<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f30 w20 h86\"><div class=\"t m0 x184 h88 y1c4c ff1e3 fs3a fc2 sc0 ls20 ws36\">6,048<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f31 wf4 h86\"><div class=\"t m0 x0 h88 y1bfa ff1e3 fs3a fc2 sc0 ls22 ws37\">Profit s<span class=\"_ _1\"></span>haring<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24d y2f31 w20 h86\"><div class=\"t m0 x185 h87 y1bfa ff1e1 fs3a fc2 sc0 ls21 ws35\">2,70<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f31 w20 h86\"><div class=\"t m0 x184 h88 y1bfa ff1e3 fs3a fc2 sc0 ls20 ws36\">3,607<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f32 wf4 ha4\"><div class=\"t m0 x0 h88 y1c4d ff1e3 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls26 ws3d\">term incenti<span class=\"_ _1\"></span>ves</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x24d y2f32 w20 ha4\"><div class=\"t m0 x185 h87 y1c4d ff1e1 fs3a fc2 sc0 ls21 ws35\">2,78<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f32 w20 ha4\"><div class=\"t m0 x184 h88 y1c4d ff1e3 fs3a fc2 sc0 ls20 ws36\">2,279<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f33 wf4 h86\"><div class=\"t m0 x0 h88 y1bfa ff1e3 fs3a fc2 sc0 ls26 ws3d\">Defined b<span class=\"_ _1\"></span>enefit pension cost<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24d y2f33 w20 h86\"><div class=\"t m0 x177 h87 y1bfa ff1e1 fs3a fc2 sc0 ls21 ws35\">159<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f33 w20 h86\"><div class=\"t m0 x1a0 h88 y1bfa ff1e3 fs3a fc2 sc0 ls20 ws36\">148<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f34 wf4 h86\"><div class=\"t m0 x0 h88 y1c05 ff1e3 fs3a fc2 sc0 ls24 ws3a\">Defined contribution pension cost<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24d y2f34 w20 h86\"><div class=\"t m0 x177 h87 y1c05 ff1e1 fs3a fc2 sc0 ls21 ws35\">420<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f34 w20 h86\"><div class=\"t m0 x1a0 h88 y1c05 ff1e3 fs3a fc2 sc0 ls20 ws36\">481<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f35 wf4 h8a\"><div class=\"t m0 x0 h87 y1c03 ff1e1 fs3a fc2 sc0 ls2c ws5a\">Total compens<span class=\"_ _1\"></span>ation and benefits<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24d y2f35 w20 h8a\"><div class=\"t m0 x179 h87 y1c03 ff1e1 fs3a fc2 sc0 ls27 ws3f\">13<span class=\"ls1 ws0\">,<span class=\"ls66 ws9d\">285</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f35 w20 h8a\"><div class=\"t m0 x183 h88 y1c03 ff1e3 fs3a fc2 sc0 ls20 ws36\">14,703<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f36 wf4 h86\"><div class=\"t m0 x0 h88 y1c05 ff1e3 fs3a fc2 sc0 ls24 ws3a\">Average number of key managers included<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24d y2f36 w20 h86\"><div class=\"t m0 x193 h87 y1c05 ff1e1 fs3a fc2 sc0 ls27 ws3f\">12<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f36 w20 h86\"><div class=\"t m0 x193 h88 y1c05 ff1e3 fs3a fc2 sc0 ls20 ws36\">11<span class=\"ls1 ws0\"> </span></div></td></tr></table>At the<span class=\"_ _2\"></span> end<span class=\"_ _2\"></span> of <span class=\"ls31 ws53\">2025<span class=\"ls1 ws0\"> </span></span><span class=\"ws52\">and<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ls31 ws53\">2024<span class=\"ls59 ws95\">, <span class=\"ls30 ws52\">the<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">Board of Direc<span class=\"_ _2\"></span>tors consist<span class=\"_ _2\"></span>ed of <span class=\"ls48 ws72\">six<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">mem<span class=\"_ _2\"></span>bers.<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">Insura<span class=\"_ _2\"></span>nce <span class=\"_ _2\"></span>has bee<span class=\"_ _2\"></span>n </span></span></span></span></span></span></span></span></span></span>taken <span class=\"_ _2\"></span>out f<span class=\"_ _2\"></span>or t<span class=\"_ _2\"></span>he B<span class=\"_ _2\"></span>oard<span class=\"_ _2\"></span> of<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">Directors and Exec<span class=\"_ _2\"></span>utive Office<span class=\"_ _2\"></span>rs in res<span class=\"_ _2\"></span>pect of thei<span class=\"_ _2\"></span>r potential <span class=\"_ _2\"></span>liability to<span class=\"_ _2\"></span> the </span></span>Group<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>third<span class=\"_ _2\"></span> par<span class=\"_ _2\"></span>ties.<span class=\"_ _195\"> </span>Transactions with joint ventures and associates<span class=\"ls1 ws0\"> </span>The consolidated<span class=\"_ _2\"></span> balance sheet<span class=\"_ _2\"></span>s include t<span class=\"_ _2\"></span>he following items<span class=\"_ _2\"></span> related <span class=\"_ _2\"></span>to transactio<span class=\"_ _2\"></span>ns with the<span class=\"_ _2\"></span> Group:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><table class=\"s w10e h16d\" id=\"_68ebe60d-54b6-41da-9aa2-c65a4223669a\"><tr><td></td><td class=\"t m0 x3da h82 y2f37 ff1e3 fs3b fc2 sc0 ls1 ws32\">As of November<span class=\"ws0\"> <span class=\"ls1b ws2f\">30</span></span><span class=\"ws0\"> </span></td><td></td></tr><tr><td class=\"c x24b y2f38 wf4 ha3\"><div class=\"t m0 x0 h82 y1ccb ff1e3 fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"t m0 x2e8 h85 y2f39 ff1e1 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"t m0 x2e1 h82 y2f39 ff1e3 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2f3a wf4 h8a\"><div class=\"t m0 x0 h87 y1c03 ff1e1 fs3a fc2 sc0 ls22 ws34\">Joint ve<span class=\"_ _1\"></span>ntures:<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x24b y2f3b wf4 h86\"><div class=\"t m0 x0 h88 y1c05 ff1e3 fs3a fc2 sc0 ls24 ws3a\">Amounts due from the Group<span class=\"ls1 ws0\"> <span class=\"_ _4\"></span><span class=\"fcc sc1\"> </span></span></div></td><td class=\"c x24d y2f3b w20 h86\"><div class=\"t m0 x179 h87 y1c05 ff1e1 fs3a fc2 sc0 ls23 ws39\">13,514<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f3b w20 h86\"><div class=\"t m0 x183 h88 y1c05 ff1e3 fs3a fc2 sc0 ls20 ws36\">26,157<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f3c wf4 h86\"><div class=\"t m0 x0 h88 y225f ff1e3 fs3a fc2 sc0 ls24 ws3a\">Amounts due to the Group<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24d y2f3c w20 h86\"><div class=\"t m0 x179 h87 y225f ff1e1 fs3a fc2 sc0 ls23 ws39\">72,893<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f3c w20 h86\"><div class=\"t m0 x183 h88 y225f ff1e3 fs3a fc2 sc0 ls20 ws36\">87,046<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table>Includ<span class=\"_ _2\"></span>ed wi<span class=\"_ _2\"></span>thin <span class=\"_ _2\"></span><span class=\"ls1 ws0\">a</span>mounts d<span class=\"_ _2\"></span>ue<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup a<span class=\"_ _2\"></span>re <span class=\"ls2f ws70\">nil<span class=\"_ _2\"></span> and $5.7 m<span class=\"_ _2\"></span>illion <span class=\"_ _2\"></span>as of November<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">30, 2025<span class=\"ls1 ws0\"> <span class=\"ls30 ws52\">and<span class=\"_ _2\"></span> </span></span></span></span></span>2024, respectively, for<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">rec<span class=\"_ _2\"></span>eivab<span class=\"_ _2\"></span>les<span class=\"_ _2\"></span> from <span class=\"_ _2\"></span>joi<span class=\"_ _2\"></span>nt ve<span class=\"_ _2\"></span>nture<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> assoc<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ates. T<span class=\"_ _2\"></span>hese<span class=\"_ _2\"></span> amo<span class=\"_ _2\"></span>unts<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> refle<span class=\"_ _2\"></span>cted<span class=\"_ _2\"></span> </span></span>in the co<span class=\"_ _2\"></span>nsoli<span class=\"_ _2\"></span>dated<span class=\"_ _2\"></span> balanc<span class=\"_ _2\"></span>e shee<span class=\"_ _2\"></span>ts as <span class=\"ls1 ws0\">o</span><span class=\"ws50\">ther c<span class=\"_ _2\"></span>urren<span class=\"_ _2\"></span>t as<span class=\"_ _2\"></span>sets.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span> rem<span class=\"_ _2\"></span>aining<span class=\"_ _2\"></span> amou<span class=\"_ _2\"></span>nts d<span class=\"_ _2\"></span>ue <span class=\"_ _2\"></span>to the<span class=\"_ _2\"></span> </span>Group<span class=\"_ _2\"></span> are i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>uded i<span class=\"_ _2\"></span>n <span class=\"ls1 ws0\">i</span>nvestme<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span>s in<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>advance<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>to joi<span class=\"_ _2\"></span>nt ve<span class=\"_ _2\"></span>ntu<span class=\"_ _2\"></span>res a<span class=\"_ _2\"></span>nd ass<span class=\"_ _2\"></span>ocia<span class=\"_ _2\"></span>tes.<span class=\"_ _2\"></span> Amo<span class=\"_ _2\"></span>unts d<span class=\"_ _2\"></span>ue from <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> are i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>uded i<span class=\"_ _2\"></span>n <span class=\"ls1 ws0\">o<span class=\"ls2f ws70\">ther current li<span class=\"_ _2\"></span>abilities in<span class=\"_ _2\"></span> the conso<span class=\"_ _2\"></span>lidated</span> </span>balanc<span class=\"_ _2\"></span>e shee<span class=\"_ _2\"></span>ts.<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span>The l<span class=\"_ _2\"></span>ong<span class=\"ls1 ws0\">-</span><span class=\"ws4f\">term adv<span class=\"_ _2\"></span>ance<span class=\"_ _2\"></span>s to NYK<span class=\"_ _2\"></span> Stolt<span class=\"_ _2\"></span> Tanke<span class=\"_ _2\"></span>rs S.A. of<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">$<span class=\"ls31 ws53\">62.<span class=\"_ _1\"></span>5<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">million <span class=\"ws70\">and $42.7 mill<span class=\"_ _2\"></span>ion as of </span></span></span></span></span></span>November 30, 2025 and 2024<span class=\"ls1 ws0\">, <span class=\"_ _3\"></span><span class=\"ls2f ws70\">b<span class=\"_ _2\"></span>ear interest<span class=\"_ _2\"></span> at 5.23<span class=\"_ _2\"></span><span class=\"ls46 ws6f\">%.<span class=\"ls1 ws0\"> <span class=\"ls30 ws4f\">The Group<span class=\"_ _2\"></span> had<span class=\"_ _2\"></span> also mad<span class=\"_ _2\"></span>e long<span class=\"_ _2\"></span></span>-<span class=\"ls30 ws52\">term </span></span></span></span></span>advance<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> $<span class=\"ls31 ws53\">13.1<span class=\"ls1 ws0\"> </span></span>millio<span class=\"_ _2\"></span>n and<span class=\"_ _2\"></span> $<span class=\"_ _2\"></span><span class=\"ls31 ws53\">38.7<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">mil<span class=\"_ _2\"></span>lion <span class=\"_ _2\"></span>to ot<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span>r joi<span class=\"_ _2\"></span>nt ve<span class=\"_ _2\"></span>nture<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> assoc<span class=\"_ _2\"></span>iates<span class=\"_ _2\"></span> <span class=\"ls2f ws70\">at<span class=\"_ _2\"></span> November 3<span class=\"_ _2\"></span>0, </span></span></span></span>2025<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">and 2024, respectively. Interest on these range from 4.8<span class=\"_ _2\"></span>% to 7.0% in 2025 and 2024. Interest </span></span>received in c<span class=\"_ _2\"></span>ash was $1.7<span class=\"_ _2\"></span> million a<span class=\"_ _2\"></span>nd <span class=\"ls30 ws52\">nil<span class=\"_ _2\"></span> as <span class=\"_ _1\"></span><span class=\"ls1 ws0\">o<span class=\"ls31 ws51\">f November 30,</span> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">2025 a<span class=\"_ _2\"></span>nd 2024<span class=\"ls2f ws75\">, respectively<span class=\"ls1 ws0\">.  </span></span></span></span></span>The joi<span class=\"_ _2\"></span>nt v<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>ures <span class=\"_ _2\"></span>and a<span class=\"_ _2\"></span>ssoci<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>s inc<span class=\"_ _2\"></span>lude<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>foll<span class=\"_ _2\"></span>owing<span class=\"_ _2\"></span> items<span class=\"_ _2\"></span> rel<span class=\"_ _2\"></span>ated <span class=\"_ _2\"></span>to tr<span class=\"_ _2\"></span>ansac<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>ns wit<span class=\"_ _2\"></span>h <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>the G<span class=\"_ _2\"></span>roup:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><table class=\"s w14b h16e\" id=\"_71e59864-6439-405e-b760-5c84a11d28d1\"><tr><td></td><td class=\"t m0 x3db h82 y2f3d ff1e3 fs3b fc2 sc0 ls19 ws2d\">For<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">the</span> years en<span class=\"_ _2\"></span>ded November <span class=\"ls1b ws2f\">30</span></span><span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td class=\"c x246 y2f3e w170 h121\"><div class=\"t m0 x245 h82 y29a6 ff1e3 fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2f3 h82 y29a7 ff1e3 fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x3dc h85 y2f3f ff1e1 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"t m0 x2c6 h82 y2f3f ff1e3 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x241 y2f40 wf6 h86\"><div class=\"t m0 x0 h87 y1bf8 ff1e1 fs3a fc2 sc0 ls22 ws34\">Joint Ve<span class=\"_ _1\"></span>ntures<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x246 y2f42 w1c8 h16f\"><div class=\"t m0 x245 h88 y2933 ff1e3 fs3a fc2 sc0 ls24 ws3a\">Charter hire revenue</div><div class=\"t m0 x3dd hd1 y2f41 ff1e3 fs43 fc2 sc0 ls1 ws0\">1<span class=\"_ _195\"> </span></div></td><td class=\"c x254 y2f43 w20 h8a\"><div class=\"t m0 x180 h87 y1bf6 ff1e1 fs3a fc2 sc0 ls27 ws3f\">15<span class=\"ls1 ws0\">6<span class=\"ls21 ws35\">,628</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2f43 w2a h8a\"><div class=\"t m0 x181 h88 y1bf6 ff1e3 fs3a fc2 sc0 ls20 ws36\">213,483<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f44 wf6 h86\"><div class=\"t m0 x0 h88 y1bf8 ff1e3 fs3a fc2 sc0 ls24 ws3a\">Tank container cleaning station revenue<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x254 y2f44 w20 h86\"><div class=\"t m0 x185 h87 y1bf8 ff1e1 fs3a fc2 sc0 ls21 ws35\">7,86<span class=\"_ _2\"></span>3<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2f44 w2a h86\"><div class=\"t m0 x184 h88 y1bf8 ff1e3 fs3a fc2 sc0 ls20 ws36\">9,167<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f45 wf6 h86\"><div class=\"t m0 x0 h88 y1bde ff1e3 fs3a fc2 sc0 ls26 ws3d\">Charter hire expense<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x254 y2f45 w20 h86\"><div class=\"t m0 x179 h87 y1bde ff1e1 fs3a fc2 sc0 ls23 ws39\">61,521<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2f45 w2a h86\"><div class=\"t m0 x181 h88 y1bde ff1e3 fs3a fc2 sc0 ls20 ws36\">131,535<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f46 wf6 ha4\"><div class=\"t m0 x0 h88 y1be0 ff1e3 fs3a fc2 sc0 ls2e ws5c\">Management<span class=\"ls24 ws3a\">, f<span class=\"ws33\">reight and <span class=\"ls29 ws44\">STJS<span class=\"ls1 ws0\"> <span class=\"ls22 ws37\">commi<span class=\"_ _1\"></span>ssion and other expens<span class=\"_ _1\"></span>es</span></span></span></span></span><span class=\"ls24 ws3a\"><span class=\"ws33\"><span class=\"ls29 ws44\"><span class=\"ls1 ws0\"><span class=\"ls22 ws37\"><span class=\"ls1 ws0\"> </span></span></span></span></span></span></div></td><td class=\"c x254 y2f46 w20 ha4\"><div class=\"t m0 x179 h87 y1be0 ff1e1 fs3a fc2 sc0 ls1 ws0\">1<span class=\"_ _1\"></span>8,<span class=\"_ _1\"></span><span class=\"ls66 ws9d\">308</span><span class=\"ls66 ws9d\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x244 y2f46 w2a ha4\"><div class=\"t m0 x183 h88 y1be0 ff1e3 fs3a fc2 sc0 ls20 ws36\">37,263<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f47 wf6 h86\"><div class=\"t m0 x0 h88 y1bde ff1e3 fs3a fc2 sc0 ls24 ws3a\">Finance expense<span class=\"ls1 ws0\"> <span class=\"_ _176\"></span><span class=\"fcc sc1\"> </span></span></div></td><td class=\"c x254 y2f47 w20 h86\"><div class=\"t m0 x185 h87 y1bde ff1e1 fs3a fc2 sc0 ls27 ws3f\">3,<span class=\"ls21 ws35\">249</span><span class=\"ls21 ws35\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x244 y2f47 w2a h86\"><div class=\"t m0 x184 h88 y1bde ff1e3 fs3a fc2 sc0 ls20 ws36\">4,135<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f48 wf6 h86\"><div class=\"t m0 x0 h87 y1be4 ff1e1 fs3a fc2 sc0 ls27 ws3f\">Assoc<span class=\"_ _2\"></span>iates<span class=\"_ _195\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x241 y2f49 wf6 h8a\"><div class=\"t m0 x0 h88 y1be6 ff1e3 fs3a fc2 sc0 ls2e ws5c\">Bareboat <span class=\"ls24 ws3b\">revenue</span><span class=\"ls24 ws3b\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x254 y2f49 w20 h8a\"><div class=\"t m0 x2d h87 y1be6 ff1e5 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff1e1\"> </span></div></td><td class=\"c x244 y2f49 w2a h8a\"><div class=\"t m0 x184 h88 y1be6 ff1e3 fs3a fc2 sc0 ls20 ws36\">4,231<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x246 y2f4a w1c9 h16f\"><div class=\"t m0 x245 h88 y2933 ff1e3 fs3a fc2 sc0 ls24 ws3a\">Commission, management and other revenue</div><div class=\"t m0 x3de hd1 y2f41 ff1e3 fs43 fc2 sc0 ls1 ws0\">2<span class=\"_ _195\"> </span></div></td><td class=\"c x254 y2f4b w20 h86\"><div class=\"t m0 x185 h87 y1be4 ff1e1 fs3a fc2 sc0 ls21 ws35\">1,47<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2f4b w2a h86\"><div class=\"t m0 x184 h88 y1be4 ff1e3 fs3a fc2 sc0 ls20 ws36\">1,838<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f4c wf6 h86\"><div class=\"t m0 x0 h88 y1be2 ff1e3 fs3a fc2 sc0 ls24 ws3a\">Tank container cleaning station revenue<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x3a3 h87 y2f4d ff1e1 fs3a fc2 sc0 ls21 ws35\">3,53<span class=\"_ _2\"></span>6<span class=\"_ _195\"> </span></td><td class=\"t m0 x3df h88 y2f4d ff1e3 fs3a fc2 sc0 ls20 ws36\">3,531<span class=\"_ _195\"> </span></td></tr></table>1.<span class=\"ff1e6 ls1 ws0\">  </span><span class=\"ls3f ws9f\">The chart<span class=\"_ _1\"></span>er hir<span class=\"_ _1\"></span>e reve<span class=\"_ _1\"></span>nues are am<span class=\"_ _1\"></span>ounts<span class=\"_ _1\"></span> distri<span class=\"_ _1\"></span>buted<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>to <span class=\"ls67 wsaf\">NYK Sto<span class=\"_ _2\"></span>lt Tan<span class=\"_ _2\"></span>ke<span class=\"_ _2\"></span>rs S.<span class=\"_ _2\"></span>A.<span class=\"ls3c ws66\">,<span class=\"_ _2\"></span> NSSH<span class=\"ls1 ws0\"> </span><span class=\"ws61\">and HS4<span class=\"ls1 ws0\"> <span class=\"ls42 ws6a\">joint<span class=\"_ _2\"></span> ventu<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Grou<span class=\"_ _2\"></span>p, f<span class=\"_ _2\"></span>or <span class=\"_ _2\"></span></span></span></span></span><span class=\"wse4\">thei<span class=\"_ _2\"></span>r share<span class=\"_ _2\"></span> <span class=\"ls68 wsa1\">of<span class=\"ls1 ws0\"> </span></span></span></span></span>STJS<span class=\"ls1 ws0\"> <span class=\"ls68 wse6\">or S<span class=\"_ _2\"></span>NA<span class=\"_ _2\"></span>PS <span class=\"_ _2\"></span>Pool</span> <span class=\"ls40 wse7\">revenue</span>. </span>2.<span class=\"ff1e6 ls1 ws0\">  </span><span class=\"ws66\">Rep<span class=\"_ _2\"></span>resent<span class=\"_ _2\"></span>s comm<span class=\"_ _2\"></span>ission<span class=\"_ _2\"></span> and m<span class=\"_ _2\"></span>anagem<span class=\"_ _2\"></span>ent fe<span class=\"_ _2\"></span>es paid<span class=\"_ _2\"></span> to E&amp;<span class=\"_ _2\"></span>S Tan<span class=\"_ _2\"></span>kers a<span class=\"_ _2\"></span>s the j<span class=\"_ _2\"></span>oint v<span class=\"_ _2\"></span>enture <span class=\"_ _2\"></span>trade<span class=\"_ _2\"></span>s <span class=\"ls67 wse4\">so<span class=\"_ _2\"></span>me<span class=\"ls1 ws0\"> <span class=\"ff1e4 ls3f ws9f\">of th<span class=\"_ _1\"></span>e Group<span class=\"_ _1\"></span>\u2019s Europ<span class=\"_ _1\"></span>ean fle<span class=\"_ _1\"></span>et.<span class=\"ff1e3 ls1 ws0\"> </span></span></span></span></span>The Gr<span class=\"_ _2\"></span>oup h<span class=\"_ _2\"></span>as a<span class=\"_ _2\"></span> 24.9<span class=\"_ _2\"></span>9% i<span class=\"_ _2\"></span>nteres<span class=\"_ _2\"></span>t i<span class=\"_ _2\"></span>n Nor<span class=\"_ _2\"></span>termi<span class=\"_ _2\"></span>nal A<span class=\"_ _2\"></span>.S.<span class=\"_ _2\"></span><span class=\"ls59 ws95\">, </span><span class=\"ws52\">which<span class=\"ls1 ws0\"> </span></span>is a c<span class=\"_ _2\"></span>ompany<span class=\"_ _2\"></span> work<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> on s<span class=\"_ _2\"></span>torage<span class=\"_ _2\"></span> projec<span class=\"_ _2\"></span>ts in<span class=\"_ _2\"></span> nor<span class=\"_ _2\"></span>thern<span class=\"_ _2\"></span> Norw<span class=\"_ _2\"></span>ay.<span class=\"_ _2\"></span> The<span class=\"ls1 ws0\"> </span>remai<span class=\"_ _2\"></span>ning 7<span class=\"_ _2\"></span>5.01<span class=\"_ _2\"></span>% of<span class=\"_ _2\"></span> Nor<span class=\"_ _2\"></span>termi<span class=\"_ _2\"></span>nal A<span class=\"_ _2\"></span>.S. i<span class=\"_ _2\"></span>s c<span class=\"_ _2\"></span>ontrol<span class=\"_ _2\"></span>led by<span class=\"_ _2\"></span> S<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls4f ws7c\">N </span></span>Terminal A.<span class=\"_ _2\"></span>S., a company<span class=\"_ _2\"></span> wholly owned<span class=\"_ _2\"></span> by one of<span class=\"_ _2\"></span> SNL\u2019s <span class=\"ff1e3 ls1 ws0\">d<span class=\"ls30 ws50\">irec<span class=\"_ _2\"></span>tors<span class=\"_ _2\"></span> who</span> <span class=\"ls2f ws4e\">is</span> </span><span class=\"ff1e3\">a member of the <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>Stol<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">Nielsen family. T<span class=\"_ _2\"></span>he</span> <span class=\"ff1e4 ls30 ws50\">Group\u2019s<span class=\"_ _2\"></span> inves<span class=\"_ _2\"></span>tment<span class=\"_ _2\"></span> in <span class=\"_ _2\"></span>Nort<span class=\"_ _2\"></span></span><span class=\"ls2f ws75\">erminal A.S. <span class=\"ls30 ws50\">was $<span class=\"_ _2\"></span></span></span>0<span class=\"ls2f ws70\">.7 million and $0.6<span class=\"_ _2\"></span> million<span class=\"_ _2\"></span> </span></span>as<span class=\"ls1 ws0\"> <span class=\"ls4a ws76\">of</span> <span class=\"ls31 ws51\">N<span class=\"_ _1\"></span>ovember 30, 2025 <span class=\"_ _2\"></span>and 2024, respectivel<span class=\"_ _1\"></span>y.</span></span><span class=\"ls1 ws0\"><span class=\"ls31 ws51\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-633": {
   "value": "Board of <span class=\"_ _1\"></span>Di<span class=\"_ _2\"></span>rectors <span class=\"_ _1\"></span>and key management compensation<span class=\"ls1 ws0\"> </span>Ke<span class=\"_ _1\"></span>y manag<span class=\"_ _1\"></span>ement in<span class=\"_ _1\"></span>cludes<span class=\"_ _1\"></span> the Exec<span class=\"_ _1\"></span>utive O<span class=\"_ _1\"></span>fficer<span class=\"_ _1\"></span>s and Pres<span class=\"_ _1\"></span>ident<span class=\"_ _1\"></span>s of the Gr<span class=\"_ _1\"></span>oup\u2019s m<span class=\"_ _1\"></span>ajor bus<span class=\"_ _1\"></span>inesse<span class=\"_ _1\"></span>s. To<span class=\"_ _1\"></span>tal comp<span class=\"_ _1\"></span>ensat<span class=\"_ _1\"></span>ion and b<span class=\"_ _1\"></span>enefit<span class=\"_ _1\"></span>s of<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls70 ws70\">t<span class=\"_ _2\"></span>he Board<span class=\"_ _2\"></span> of D<span class=\"_ _2\"></span>irectors<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>the key m<span class=\"_ _2\"></span>anageme<span class=\"_ _2\"></span>nt were <span class=\"_ _2\"></span>as foll<span class=\"_ _2\"></span>ows:<span class=\"ls1 ws0\"> </span></span></span><table class=\"s w151 h16c\" id=\"_a3076642-214c-419c-81f4-dcbd5cbda79a\"><tr><td></td><td class=\"c x24d y2f2d wf5 h80\"><div class=\"t m0 x17a h82 y1c8b ff1e3 fs3b fc2 sc0 ls1 ws32\">For the years ended November 30<span class=\"ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2bec w150 h121\"><div class=\"t m0 x245 h82 y29a6 ff1e3 fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2b9 h82 y29a7 ff1e3 fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x24d y2f2e w20 h83\"><div class=\"t m0 x177 h85 y1cad ff1e1 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f2e w20 h83\"><div class=\"t m0 x177 h82 y1cad ff1e3 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f2f wf4 h8a\"><div class=\"t m0 x0 h88 y1c3f ff1e3 fs3a fc2 sc0 ls26 ws3d\">Board fees<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24d y2f2f w20 h8a\"><div class=\"t m0 x177 h87 y1c3f ff1e1 fs3a fc2 sc0 ls21 ws35\">975<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f2f w20 h8a\"><div class=\"t m0 x184 h88 y1c3f ff1e3 fs3a fc2 sc0 ls20 ws36\">2,140<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f30 wf4 h86\"><div class=\"t m0 x0 h88 y1c4c ff1e3 fs3a fc2 sc0 ls2e ws4c\">Salary and bene<span class=\"_ _2\"></span>fits<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24d y2f30 w20 h86\"><div class=\"t m0 x185 h87 y1c4c ff1e1 fs3a fc2 sc0 ls21 ws35\">6,24<span class=\"_ _2\"></span>6<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f30 w20 h86\"><div class=\"t m0 x184 h88 y1c4c ff1e3 fs3a fc2 sc0 ls20 ws36\">6,048<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f31 wf4 h86\"><div class=\"t m0 x0 h88 y1bfa ff1e3 fs3a fc2 sc0 ls22 ws37\">Profit s<span class=\"_ _1\"></span>haring<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24d y2f31 w20 h86\"><div class=\"t m0 x185 h87 y1bfa ff1e1 fs3a fc2 sc0 ls21 ws35\">2,70<span class=\"_ _2\"></span>5<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f31 w20 h86\"><div class=\"t m0 x184 h88 y1bfa ff1e3 fs3a fc2 sc0 ls20 ws36\">3,607<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f32 wf4 ha4\"><div class=\"t m0 x0 h88 y1c4d ff1e3 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls26 ws3d\">term incenti<span class=\"_ _1\"></span>ves</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x24d y2f32 w20 ha4\"><div class=\"t m0 x185 h87 y1c4d ff1e1 fs3a fc2 sc0 ls21 ws35\">2,78<span class=\"_ _2\"></span>0<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f32 w20 ha4\"><div class=\"t m0 x184 h88 y1c4d ff1e3 fs3a fc2 sc0 ls20 ws36\">2,279<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f33 wf4 h86\"><div class=\"t m0 x0 h88 y1bfa ff1e3 fs3a fc2 sc0 ls26 ws3d\">Defined b<span class=\"_ _1\"></span>enefit pension cost<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24d y2f33 w20 h86\"><div class=\"t m0 x177 h87 y1bfa ff1e1 fs3a fc2 sc0 ls21 ws35\">159<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f33 w20 h86\"><div class=\"t m0 x1a0 h88 y1bfa ff1e3 fs3a fc2 sc0 ls20 ws36\">148<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f34 wf4 h86\"><div class=\"t m0 x0 h88 y1c05 ff1e3 fs3a fc2 sc0 ls24 ws3a\">Defined contribution pension cost<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24d y2f34 w20 h86\"><div class=\"t m0 x177 h87 y1c05 ff1e1 fs3a fc2 sc0 ls21 ws35\">420<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f34 w20 h86\"><div class=\"t m0 x1a0 h88 y1c05 ff1e3 fs3a fc2 sc0 ls20 ws36\">481<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f35 wf4 h8a\"><div class=\"t m0 x0 h87 y1c03 ff1e1 fs3a fc2 sc0 ls2c ws5a\">Total compens<span class=\"_ _1\"></span>ation and benefits<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24d y2f35 w20 h8a\"><div class=\"t m0 x179 h87 y1c03 ff1e1 fs3a fc2 sc0 ls27 ws3f\">13<span class=\"ls1 ws0\">,<span class=\"ls66 ws9d\">285</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f35 w20 h8a\"><div class=\"t m0 x183 h88 y1c03 ff1e3 fs3a fc2 sc0 ls20 ws36\">14,703<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f36 wf4 h86\"><div class=\"t m0 x0 h88 y1c05 ff1e3 fs3a fc2 sc0 ls24 ws3a\">Average number of key managers included<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24d y2f36 w20 h86\"><div class=\"t m0 x193 h87 y1c05 ff1e1 fs3a fc2 sc0 ls27 ws3f\">12<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f36 w20 h86\"><div class=\"t m0 x193 h88 y1c05 ff1e3 fs3a fc2 sc0 ls20 ws36\">11<span class=\"ls1 ws0\"> </span></div></td></tr></table>At the<span class=\"_ _2\"></span> end<span class=\"_ _2\"></span> of <span class=\"ls31 ws53\">2025<span class=\"ls1 ws0\"> </span></span><span class=\"ws52\">and<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ls31 ws53\">2024<span class=\"ls59 ws95\">, <span class=\"ls30 ws52\">the<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">Board of Direc<span class=\"_ _2\"></span>tors consist<span class=\"_ _2\"></span>ed of <span class=\"ls48 ws72\">six<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">mem<span class=\"_ _2\"></span>bers.<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">Insura<span class=\"_ _2\"></span>nce <span class=\"_ _2\"></span>has bee<span class=\"_ _2\"></span>n </span></span></span></span></span></span></span></span></span></span>taken <span class=\"_ _2\"></span>out f<span class=\"_ _2\"></span>or t<span class=\"_ _2\"></span>he B<span class=\"_ _2\"></span>oard<span class=\"_ _2\"></span> of<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">Directors and Exec<span class=\"_ _2\"></span>utive Office<span class=\"_ _2\"></span>rs in res<span class=\"_ _2\"></span>pect of thei<span class=\"_ _2\"></span>r potential <span class=\"_ _2\"></span>liability to<span class=\"_ _2\"></span> the </span></span>Group<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>third<span class=\"_ _2\"></span> par<span class=\"_ _2\"></span>ties.<span class=\"_ _195\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-591": {
   "value": "30<span class=\"ls1 ws0\">. Common Shares, Founders<span class=\"ff1ec\">\u2019</span> Shares, Paid-in Surplus and </span>Dividends Declared  Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span>Equity<span class=\"_ _2\"></span> ca<span class=\"_ _2\"></span>pita<span class=\"_ _2\"></span>l st<span class=\"_ _2\"></span>ock<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The Company\u2019s capital comprises equity capital stock. Eq<span class=\"_ _2\"></span>uity capital stock is measured based on net<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">proceeds. </span></span>Dividends<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Dividends recomme<span class=\"_ _2\"></span>nded by the <span class=\"_ _2\"></span>Board of Dir<span class=\"_ _2\"></span>ectors are rec<span class=\"_ _2\"></span>ognised in th<span class=\"_ _2\"></span>e Financial Stat<span class=\"_ _2\"></span>ements wh<span class=\"_ _2\"></span>en they ha<span class=\"_ _2\"></span>ve been <span class=\"_ _2\"></span>approved b<span class=\"_ _2\"></span>y<span class=\"ls1 ws0\"> <span class=\"ls4b ws77\">the</span> s<span class=\"_ _1\"></span><span class=\"ls49 wsaa\">har<span class=\"_ _2\"></span>ehol<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span>s at <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> Ann<span class=\"_ _2\"></span>ual G<span class=\"_ _2\"></span>ene<span class=\"_ _2\"></span>ral<span class=\"_ _2\"></span> Meet<span class=\"_ _2\"></span>ing.<span class=\"_ _2\"></span> Int<span class=\"_ _2\"></span>erim<span class=\"_ _2\"></span> divi<span class=\"_ _2\"></span>de<span class=\"_ _2\"></span>nds ar<span class=\"_ _2\"></span>e </span></span>recognised<span class=\"_ _2\"></span> when app<span class=\"_ _2\"></span>roved b<span class=\"_ _2\"></span>y th<span class=\"_ _2\"></span>e Board of <span class=\"_ _2\"></span>Direct<span class=\"_ _2\"></span>ors.<span class=\"ls1 ws0\"> </span>Treas<span class=\"_ _2\"></span>ury<span class=\"_ _2\"></span> sha<span class=\"_ _2\"></span>res<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Upon t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>Gro<span class=\"_ _2\"></span>up\u2019s<span class=\"_ _2\"></span> pur<span class=\"_ _2\"></span>cha<span class=\"_ _2\"></span>se of<span class=\"_ _2\"></span> its<span class=\"_ _2\"></span> ow<span class=\"_ _2\"></span>n sh<span class=\"_ _2\"></span>ares<span class=\"_ _2\"></span> (<span class=\"ff1ef ls1 ws0\">T</span><span class=\"ff1ef\">reas<span class=\"_ _2\"></span>ury <span class=\"_ _2\"></span>shar<span class=\"_ _2\"></span>es),<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e consi<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on p<span class=\"_ _2\"></span>aid<span class=\"_ _2\"></span> is d<span class=\"_ _2\"></span>educ<span class=\"_ _2\"></span>ted<span class=\"_ _2\"></span> </span>from equit<span class=\"_ _2\"></span>y attrib<span class=\"_ _2\"></span>utable t<span class=\"_ _2\"></span>o equity<span class=\"_ _2\"></span> holde<span class=\"_ _2\"></span>rs until t<span class=\"_ _2\"></span>he sh<span class=\"_ _2\"></span>ares are <span class=\"_ _2\"></span>cancel<span class=\"_ _2\"></span>led, rei<span class=\"_ _2\"></span>ssued or ot<span class=\"_ _2\"></span>herwis<span class=\"_ _2\"></span>e dispo<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> of.<span class=\"_ _2\"></span> In c<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span>s whe<span class=\"_ _2\"></span>re <span class=\"_ _2\"></span>such<span class=\"_ _2\"></span> shar<span class=\"_ _2\"></span>es<span class=\"_ _2\"></span> are <span class=\"_ _2\"></span>sub<span class=\"_ _2\"></span>seque<span class=\"_ _2\"></span>ntly<span class=\"_ _2\"></span> so<span class=\"_ _2\"></span>ld o<span class=\"_ _2\"></span>r re<span class=\"_ _2\"></span>issue<span class=\"_ _2\"></span>d,<span class=\"_ _2\"></span> any<span class=\"_ _2\"></span> consi<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on received i<span class=\"_ _2\"></span>s in<span class=\"ls49 wsaa\">cl<span class=\"_ _2\"></span>uded<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> equi<span class=\"_ _2\"></span>ty at<span class=\"_ _2\"></span>tr<span class=\"_ _2\"></span>ib<span class=\"_ _2\"></span>utabl<span class=\"_ _2\"></span>e t<span class=\"_ _2\"></span>o equi<span class=\"_ _2\"></span>ty<span class=\"_ _2\"></span> hold<span class=\"_ _2\"></span>ers.<span class=\"_ _195\"> </span></span><table class=\"s w10e h170\" id=\"_c1aad330-2b95-477d-add1-ab03919f7732\"><tr><td></td><td></td><td class=\"t m0 x2ea h82 y2f4e ff1ea fs3b fc2 sc0 ls1 ws0\">Founders<span class=\"ff1eb\">\u2019</span> s<span class=\"ls1e ws32\">hares</span><span class=\"ls1e ws32\"> </span> </td><td></td><td class=\"t m0 x2c8 h82 y2f4e ff1ea fs3b fc2 sc0 ls1d ws31\">Common<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">s<span class=\"ls1e ws32\">hares</span></span><span class=\"ls1 ws0\"> </span></td></tr><tr><td></td><td class=\"c x3e0 y2f4f wf8 hb6\" colspan=\"2\"><div class=\"t m0 x187 h82 y1d8f ff1ea fs3b fc2 sc0 ls1 ws32\">par value $0.001 per share<span class=\"ws0\"> </span></div></td><td class=\"c x3e1 y2f4f wf9 hb6\" colspan=\"2\"><div class=\"t m0 x185 h82 y1d8f ff1ea fs3b fc2 sc0 ls1e ws2f\">par value $1 per share<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x3e2 h82 y2f50 ff1ea fs3b fc2 sc0 ls1e ws32\">Shares <span class=\"ls1 ws0\">i<span class=\"ls1d ws31\">ssued<span class=\"_ _195\"> </span></span></span></td><td class=\"t m0 x3e3 h82 y2f50 ff1ea fs3b fc2 sc0 ls1e ws32\">Treasury <span class=\"ls1 ws0\">s</span>hares<span class=\"_ _195\"> </span></td><td class=\"t m0 x346 h82 y2f50 ff1ea fs3b fc2 sc0 ls1e ws32\">Shares <span class=\"ls1 ws0\">i<span class=\"ls1d ws31\">ssued<span class=\"_ _195\"> </span></span></span></td><td class=\"t m0 x3e4 h82 y2f50 ff1ea fs3b fc2 sc0 ls1e ws32\">Treasury <span class=\"ls1 ws0\">s</span>hares<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2f51 wf7 h8a\"><div class=\"t m0 x0 h87 y1c3f ff1ed fs3a fc2 sc0 ls2e ws6e\">Balance at November 30,<span class=\"ls1 ws0\"> <span class=\"ls66 ws9d\">2025</span></span><span class=\"ls1 ws0\"><span class=\"ff1f0\"> </span></span></div></td><td class=\"c x3e5 y2f51 w48 h8a\"><div class=\"t m0 x19e h87 y1c3f ff1ed fs3a fc2 sc0 ls23 ws39\">14,630<span class=\"_ _1\"></span>,949<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3e6 y2f51 w5c h8a\"><div class=\"t m0 x175 h87 y1c3f ff1ed fs3a fc2 sc0 ls21 ws35\">1,35<span class=\"_ _2\"></span>0,750<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x352 y2f51 w20 h8a\"><div class=\"t m0 x19e h87 y1c3f ff1ed fs3a fc2 sc0 ls23 ws39\">58,523<span class=\"_ _1\"></span>,796<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f51 w8d h8a\"><div class=\"t m0 x17a h87 y1c3f ff1ed fs3a fc2 sc0 ls21 ws35\">5,40<span class=\"_ _2\"></span>3,000<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f52 wf7 h89\"><div class=\"t m0 x0 h88 y1bf4 ff1ea fs3a fc2 sc0 ls20 ws34\">Balance<span class=\"_ _2\"></span> at Nove<span class=\"_ _2\"></span>mber 30,<span class=\"_ _2\"></span> 2024<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3e5 y2f52 w48 h89\"><div class=\"t m0 x191 h88 y1bf4 ff1ea fs3a fc2 sc0 ls20 ws36\">14,630,949<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3e6 y2f52 w5c h89\"><div class=\"t m0 x17c h88 y1bf4 ff1ea fs3a fc2 sc0 ls20 ws36\">1,250,000<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x352 y2f52 w20 h89\"><div class=\"t m0 x191 h88 y1bf4 ff1ea fs3a fc2 sc0 ls20 ws36\">58,523,796<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f52 w8d h89\"><div class=\"t m0 x17b h88 y1bf4 ff1ea fs3a fc2 sc0 ls20 ws36\">5,000,00<span class=\"_ _195\"> </span>0<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table><div class=\"t m0 ha6 ff1ed fs3c fcb sc0 ls5f ws94 gs6cd\">Sha<span class=\"_ _2\"></span>re ri<span class=\"_ _2\"></span>ghts<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1eb fs39 fc2 sc0 ls30 ws50 gs6ce\">The Gr<span class=\"_ _2\"></span>oup\u2019s<span class=\"_ _2\"></span> aut<span class=\"_ _2\"></span>horis<span class=\"_ _2\"></span>ed s<span class=\"_ _2\"></span>hare c<span class=\"_ _2\"></span>ap<span class=\"_ _2\"></span>ital c<span class=\"_ _2\"></span>onsis<span class=\"_ _2\"></span>ts of<span class=\"_ _2\"></span> 65,0<span class=\"_ _2\"></span>00<span class=\"_ _2\"></span>,000 Co<span class=\"_ _2\"></span>mm<span class=\"_ _2\"></span>on Sha<span class=\"_ _2\"></span>res, p<span class=\"_ _2\"></span>ar v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> $1.00<span class=\"_ _2\"></span><span class=\"ff1ea ls1 ws0\"> <span class=\"ls31 ws53\">per </span></span></div><div class=\"t m0 h98 ff1eb fs39 fc2 sc0 ls31 ws51 gs6cf\">share, and 16,250,000 Founder\u2019s Shares, par value $0.001 per share as of <span class=\"_ _2\"></span>November 30, 202<span class=\"ff1ea ls1 ws0\">5 <span class=\"_ _1\"></span><span class=\"ls47 ws71\">and </span></span></div><div class=\"t m0 h98 ff1ea fs39 fc2 sc0 ls31 ws53 gs6d0\">2024<span class=\"ls1 ws0\">. <span class=\"_ _3\"></span><span class=\"ls31 ws51\">As <span class=\"_ _2\"></span>of November 30, 2025 and 2024, there were 58,523,796 Common<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">Share<span class=\"_ _2\"></span>s iss<span class=\"_ _2\"></span>ued,<span class=\"_ _2\"></span> of w<span class=\"_ _2\"></span>hic<span class=\"_ _2\"></span>h </span></span></span></span></div><div class=\"t m0 h98 ff1ea fs39 fc2 sc0 ls30 ws50 gs6d1\">Treasu<span class=\"_ _2\"></span>ry s<span class=\"_ _2\"></span>hare<span class=\"_ _2\"></span>s we<span class=\"_ _2\"></span>re <span class=\"ls31 ws51\">5,403,000 and 5,000,000, respectively</span>. Exc<span class=\"_ _2\"></span>ep<span class=\"_ _2\"></span>t for<span class=\"_ _2\"></span> matte<span class=\"_ _2\"></span>rs w<span class=\"_ _2\"></span>here ap<span class=\"_ _2\"></span>pl<span class=\"_ _2\"></span>icable<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff1ea fs39 fc2 sc0 ls30 ws50 gs6d2\">law re<span class=\"_ _2\"></span>quire<span class=\"_ _2\"></span>s the<span class=\"_ _2\"></span> app<span class=\"_ _2\"></span>roval<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> both<span class=\"_ _2\"></span> cla<span class=\"_ _2\"></span>sses o<span class=\"_ _2\"></span>f s<span class=\"_ _2\"></span>hares<span class=\"_ _2\"></span> voti<span class=\"_ _2\"></span>ng as <span class=\"_ _2\"></span>sep<span class=\"_ _2\"></span>arate<span class=\"_ _2\"></span> cla<span class=\"_ _2\"></span>sses,<span class=\"_ _2\"></span> Comm<span class=\"_ _2\"></span>on<span class=\"ls1 ws0\"> </span><span class=\"ws52\">Share<span class=\"_ _2\"></span>s </span></div><div class=\"t m0 h98 ff1eb fs39 fc2 sc0 ls30 ws50 gs6d3\">and Fo<span class=\"_ _2\"></span>under<span class=\"_ _2\"></span>\u2019s <span class=\"_ _2\"></span>Share<span class=\"_ _2\"></span>s vote<span class=\"_ _2\"></span> as <span class=\"_ _2\"></span>a sing<span class=\"_ _2\"></span>le c<span class=\"_ _2\"></span><span class=\"ff1ea ls2f ws70\">lass on <span class=\"_ _2\"></span>all matters s<span class=\"_ _2\"></span>ubmitted to<span class=\"_ _2\"></span> a vote of<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span><span class=\"ls1 ws0\">s<span class=\"_ _1\"></span><span class=\"ls30 ws52\">h<span class=\"_ _2\"></span>arehold<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>s, </span></span></span></div><div class=\"t m0 h98 ff1ea fs39 fc2 sc0 ls2f ws70 gs6d4\">with each share<span class=\"_ _2\"></span> entitled <span class=\"_ _2\"></span>to one vote.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">All<span class=\"_ _2\"></span> issued and <span class=\"_ _2\"></span>outstanding s<span class=\"_ _2\"></span>hares have b<span class=\"_ _2\"></span>een fully p<span class=\"_ _2\"></span>aid.<span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 h98 ff1ea fs39 fc2 sc0 ls30 ws50 gs6d5\">Under <span class=\"_ _2\"></span>the B<span class=\"_ _2\"></span>ye<span class=\"ls1 ws0\">-</span><span class=\"ff1eb ws4f\">Laws,<span class=\"_ _2\"></span> holde<span class=\"_ _2\"></span>rs of C<span class=\"_ _2\"></span>ommon S<span class=\"_ _2\"></span>hares<span class=\"_ _2\"></span> and Founde<span class=\"_ _2\"></span>r\u2019s<span class=\"_ _2\"></span> Share<span class=\"_ _2\"></span>s par<span class=\"_ _2\"></span>ticipa<span class=\"_ _2\"></span>te in ann<span class=\"_ _2\"></span>ual </span></div><div class=\"t m0 h98 ff1ea fs39 fc2 sc0 ls30 ws50 gs6d6\">divide<span class=\"_ _2\"></span>nds,<span class=\"_ _2\"></span> if a<span class=\"_ _2\"></span>ny ar<span class=\"_ _2\"></span>e decl<span class=\"_ _2\"></span>are<span class=\"_ _2\"></span>d by<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up, in<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> foll<span class=\"_ _2\"></span>owing<span class=\"_ _2\"></span> orde<span class=\"_ _2\"></span>r o<span class=\"_ _2\"></span>f pri<span class=\"_ _2\"></span>ority:<span class=\"_ _2\"></span> (i<span class=\"_ _2\"></span>) $0.<span class=\"_ _2\"></span>005 p<span class=\"_ _2\"></span>er s<span class=\"_ _2\"></span>hare<span class=\"_ _2\"></span> to </div><div class=\"t m0 h98 ff1eb fs39 fc2 sc0 ls30 ws4f gs6d7\">Founde<span class=\"_ _2\"></span>r\u2019s Sh<span class=\"_ _2\"></span>ares an<span class=\"_ _2\"></span>d Commo<span class=\"_ _2\"></span>n Share<span class=\"_ _2\"></span>s equ<span class=\"_ _2\"></span>ally;<span class=\"_ _2\"></span> and (ii<span class=\"_ _2\"></span>)<span class=\"ff1ea ls1 ws0\"> <span class=\"ls2f ws4e\">thereafter</span></span><span class=\"ff1ea\">, all<span class=\"_ _2\"></span> further<span class=\"_ _2\"></span> amount<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> payable<span class=\"_ _2\"></span> </span></div><div class=\"t m0 h98 ff1ea fs39 fc2 sc0 ls4a ws74 gs6d8\">to Comm<span class=\"_ _2\"></span>on S<span class=\"ls30 ws50\">h<span class=\"_ _2\"></span>ares o<span class=\"_ _2\"></span>nly.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 h98 ff1ea fs39 fc2 sc0 ls30 ws50 gs6d9\">Furthe<span class=\"_ _2\"></span>rmore<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> Bye<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span>Laws als<span class=\"_ _2\"></span>o s<span class=\"_ _2\"></span>et for<span class=\"_ _2\"></span>th t<span class=\"_ _2\"></span>he p<span class=\"_ _2\"></span>riori<span class=\"_ _2\"></span>ties<span class=\"_ _2\"></span> to be<span class=\"_ _2\"></span> appl<span class=\"_ _2\"></span>ied to<span class=\"_ _2\"></span> e<span class=\"_ _2\"></span>ach of<span class=\"_ _2\"></span> the C<span class=\"_ _2\"></span>omm<span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>Shares<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff1eb fs39 fc2 sc0 ls30 ws50 gs6da\">and Fo<span class=\"_ _2\"></span>under<span class=\"_ _2\"></span>\u2019s <span class=\"_ _2\"></span>Share<span class=\"_ _2\"></span>s in <span class=\"_ _2\"></span>the ev<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> of a<span class=\"_ _2\"></span> liqui<span class=\"_ _2\"></span>datio<span class=\"_ _2\"></span>n. U<span class=\"_ _2\"></span>nder<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Bye<span class=\"_ _2\"></span><span class=\"ff1ea ls1 ws0\">-</span><span class=\"ff1ea\">Laws, in<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> event<span class=\"_ _2\"></span> of a<span class=\"_ _2\"></span> liq<span class=\"_ _2\"></span>uidat<span class=\"_ _2\"></span>ion, </span></div><div class=\"t m0 h98 ff1ea fs39 fc2 sc0 ls2f ws70 gs6db\">all debts a<span class=\"_ _2\"></span>nd obligations<span class=\"_ _2\"></span> of the G<span class=\"_ _2\"></span>roup must fir<span class=\"_ _2\"></span>st be p<span class=\"_ _2\"></span><span class=\"ls30 ws4f\">aid and<span class=\"_ _2\"></span> there<span class=\"_ _2\"></span>afte<span class=\"_ _2\"></span>r all rem<span class=\"_ _2\"></span>aining<span class=\"_ _2\"></span> assets<span class=\"_ _2\"></span> of the<span class=\"_ _2\"></span> </span></div><div class=\"t m0 h98 ff1eb fs39 fc2 sc0 ls30 ws50 gs6dc\">Group<span class=\"_ _2\"></span> are p<span class=\"_ _2\"></span>aid <span class=\"_ _2\"></span>to t<span class=\"_ _2\"></span>he hol<span class=\"_ _2\"></span>ders<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>Comm<span class=\"_ _2\"></span>on S<span class=\"_ _2\"></span>hares<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>Founde<span class=\"_ _2\"></span>r\u2019s<span class=\"_ _2\"></span> Share<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> foll<span class=\"_ _2\"></span>owing<span class=\"_ _2\"></span> orde<span class=\"_ _2\"></span>r of<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff1ea fs39 fc2 sc0 ls30 ws50 gs6dd\">prio<span class=\"_ _2\"></span>rity:<span class=\"_ _2\"></span> (i)<span class=\"ls1 ws0\"> </span><span class=\"ws4f\">Commo<span class=\"_ _2\"></span>n Share<span class=\"_ _2\"></span>s <span class=\"ws52\">rat<span class=\"ls1 ws0\">e</span>ably<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">to</span> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">the<span class=\"_ _2\"></span> exte<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> pa<span class=\"_ _2\"></span>r val<span class=\"_ _2\"></span>ue t<span class=\"_ _2\"></span>hereo<span class=\"_ _2\"></span>f ($1<span class=\"_ _2\"></span>.00 p<span class=\"_ _2\"></span>er <span class=\"_ _2\"></span>share<span class=\"_ _2\"></span>); </span></span></span></span></div><div class=\"t m0 h98 ff1ea fs39 fc2 sc0 ls2f ws4e gs6de\">(ii)<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">Common <span class=\"_ _2\"></span>Shares<span class=\"_ _2\"></span> a<span class=\"ff1eb\">nd<span class=\"_ _2\"></span> Found<span class=\"_ _2\"></span>er\u2019<span class=\"_ _2\"></span>s Shar<span class=\"_ _2\"></span>es p<span class=\"_ _2\"></span>artic<span class=\"_ _2\"></span>ipate<span class=\"_ _2\"></span> equ<span class=\"_ _2\"></span>ally<span class=\"_ _2\"></span> up t<span class=\"_ _2\"></span>o $0.0<span class=\"_ _2\"></span>5 pe<span class=\"_ _2\"></span>r sh<span class=\"_ _2\"></span>are; a<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span> </span></span></span></div><div class=\"t m0 h98 ff1ea fs39 fc2 sc0 ls2f ws4e gs6df\">(iii)<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">thereaf<span class=\"_ _2\"></span>ter, C<span class=\"_ _2\"></span>ommo<span class=\"_ _2\"></span>n Sh<span class=\"_ _2\"></span>ares <span class=\"_ _2\"></span>are en<span class=\"_ _2\"></span>tit<span class=\"_ _2\"></span>led to<span class=\"_ _2\"></span> all<span class=\"_ _2\"></span> rem<span class=\"_ _2\"></span>aining<span class=\"_ _2\"></span> asse<span class=\"_ _2\"></span>ts.</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"_ _2\"></span></span> </span></div><div class=\"t m0 ha6 ff1ed fs3c fcb sc0 ls4d ws8d gs6e0\">Dividen<span class=\"_ _2\"></span>ds<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1eb fs39 fc2 sc0 ls30 ws50 gs6e1\">On No<span class=\"_ _2\"></span>vembe<span class=\"_ _2\"></span>r 6,<span class=\"_ _2\"></span> 2025<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> Com<span class=\"_ _2\"></span>pany\u2019s<span class=\"_ _2\"></span> Board<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> Direc<span class=\"_ _2\"></span>tor<span class=\"_ _2\"></span>s dec<span class=\"_ _2\"></span>lare<span class=\"_ _2\"></span>d an i<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>rim d<span class=\"_ _2\"></span>ivide<span class=\"_ _2\"></span>nd of<span class=\"_ _2\"></span> $<span><span class=\"gs6e2\" id=\"__140\">1. 00</span></span> pe<span class=\"_ _2\"></span>r </div><div class=\"t m0 h98 ff1eb fs39 fc2 sc0 ls30 ws50 gs6e3\">Comm<span class=\"_ _2\"></span>on sh<span class=\"_ _2\"></span>are a<span class=\"_ _2\"></span>nd $<span><span class=\"gs6e2\" id=\"__141\">0 .005</span></span> p<span class=\"_ _2\"></span>er <span class=\"_ _2\"></span>Founde<span class=\"_ _2\"></span>r\u2019s s<span class=\"_ _2\"></span>hare<span class=\"_ _2\"></span> to s<span class=\"_ _2\"></span>hare<span class=\"_ _2\"></span>holde<span class=\"_ _2\"></span>rs <span class=\"_ _2\"></span>of re<span class=\"_ _2\"></span>cord <span class=\"_ _2\"></span>as of<span class=\"_ _2\"></span> Nove<span class=\"_ _2\"></span>mber<span class=\"_ _2\"></span> 20<span class=\"_ _2\"></span>, </div><div class=\"t m0 h98 ff1ea fs39 fc2 sc0 ls31 ws51 gs6e4\">2025. The total amount of the dividend was $53.1 million, which <span class=\"_ _2\"></span>was cla<span class=\"ls2f ws70\">ssified as <span class=\"_ _2\"></span>an interim<span class=\"_ _2\"></span> </span></div><div class=\"t m0 h98 ff1ea fs39 fc2 sc0 ls2f ws70 gs6e5\">dividend and p<span class=\"_ _2\"></span>aid on Decem<span class=\"_ _2\"></span>ber 3, 2025<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1eb fs39 fc2 sc0 ls30 ws50 gs6e6\">On Feb<span class=\"_ _2\"></span>ruary<span class=\"_ _2\"></span> 11<span class=\"_ _2\"></span>, 2025<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> Comp<span class=\"_ _2\"></span>any<span class=\"_ _2\"></span>\u2019s Bo<span class=\"_ _2\"></span>ard o<span class=\"_ _2\"></span>f D<span class=\"_ _2\"></span>irecto<span class=\"_ _2\"></span>rs re<span class=\"_ _2\"></span>com<span class=\"_ _2\"></span>mended<span class=\"_ _2\"></span> a fi<span class=\"_ _2\"></span>nal di<span class=\"_ _2\"></span>vide<span class=\"_ _2\"></span>nd f<span class=\"_ _2\"></span>or 20<span class=\"_ _2\"></span>24 of<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff1eb fs39 fc2 sc0 ls30 ws50 gs6e7\">$<span>1.25</span><span class=\"_ _2\"></span> per<span class=\"_ _2\"></span> Common<span class=\"_ _2\"></span> sha<span class=\"_ _2\"></span>re. T<span class=\"_ _2\"></span>he di<span class=\"_ _2\"></span>vidend<span class=\"_ _2\"></span> was<span class=\"_ _2\"></span> ap<span class=\"_ _2\"></span>proved<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span>\u2019s A<span class=\"_ _2\"></span>nnual<span class=\"_ _2\"></span> Gene<span class=\"_ _2\"></span>ral Me<span class=\"_ _2\"></span>eti<span class=\"_ _2\"></span>ng fo<span class=\"_ _2\"></span>r </div><div class=\"t m0 h98 ff1ea fs39 fc2 sc0 ls30 ws50 gs6e8\">shareh<span class=\"_ _2\"></span>olde<span class=\"_ _2\"></span>rs held<span class=\"_ _2\"></span> o<span class=\"_ _2\"></span>n Apri<span class=\"_ _2\"></span>l 17<span class=\"_ _2\"></span>, 20<span class=\"_ _2\"></span>25<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws50\">i<span class=\"_ _2\"></span>n Berm<span class=\"_ _2\"></span>uda.<span class=\"_ _2\"></span> The <span class=\"_ _2\"></span>total<span class=\"_ _2\"></span> amo<span class=\"_ _2\"></span>unt o<span class=\"_ _2\"></span>f the<span class=\"_ _2\"></span> divid<span class=\"_ _2\"></span>end<span class=\"_ _2\"></span> was<span class=\"_ _2\"></span> $67.1<span class=\"_ _2\"></span> mil<span class=\"_ _2\"></span>lio<span class=\"_ _2\"></span>n </span></span></div><div class=\"t m0 h98 ff1ea fs39 fc2 sc0 ls30 ws52 gs6e9\">and was <span class=\"ls31 ws51\">paid on May 7, 2025. This brings the total dividends for 2024 to $2.50 per share.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 h98 ff1eb fs39 fc2 sc0 ls30 ws50 gs6ea\">On No<span class=\"_ _2\"></span>vembe<span class=\"_ _2\"></span>r 7,<span class=\"_ _2\"></span> 2024<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> Com<span class=\"_ _2\"></span>pany\u2019s<span class=\"_ _2\"></span> Board<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> Direc<span class=\"_ _2\"></span>tor<span class=\"_ _2\"></span>s dec<span class=\"_ _2\"></span>lare<span class=\"_ _2\"></span>d an i<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>rim d<span class=\"_ _2\"></span>ivide<span class=\"_ _2\"></span>nd of<span class=\"_ _2\"></span> $<span><span class=\"gs6e2\" id=\"__142\">1. 25</span></span> pe<span class=\"_ _2\"></span>r </div><div class=\"t m0 h98 ff1ea fs39 fc2 sc0 ls31 ws51 gs6eb\">Common share and $<span>0.005</span> per<span class=\"ls1 ws0\"> <span class=\"ff1eb ls30 ws50\">Founder\u2019<span class=\"_ _2\"></span>s sha<span class=\"_ _2\"></span>re to<span class=\"_ _2\"></span> sha<span class=\"_ _2\"></span>rehold<span class=\"_ _2\"></span>ers<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>reco<span class=\"_ _2\"></span>rd as<span class=\"_ _2\"></span> of N<span class=\"_ _2\"></span>ovemb<span class=\"_ _2\"></span>er 22<span class=\"_ _2\"></span>, </span></span></div><div class=\"t m0 h98 ff1ea fs39 fc2 sc0 ls31 ws51 gs6ec\">2024. The total amount of the dividend was $67.0 million, which <span class=\"_ _2\"></span>was<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls54 ws83\">cla<span class=\"ls2f ws70\">s<span class=\"_ _2\"></span>sified as <span class=\"_ _2\"></span>an interim </span></span></span></div><div class=\"t m0 h98 ff1ea fs39 fc2 sc0 ls2f ws70 gs6ed\">dividend and <span class=\"ls30 ws52\">w<span class=\"_ _2\"></span>as <span class=\"ls31 ws51\">paid on December 4, 2024.<span class=\"_ _195\"> </span></span></span><span class=\"ls30 ws52\"><span class=\"ls31 ws51\"><span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 ha6 ff1f3 fs3c fcb sc0 ls52 wse8 gs6ef\">Trea<span class=\"_ _2\"></span>su<span class=\"_ _2\"></span>ry s<span class=\"_ _2\"></span>hare<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1f4 fs39 fc2 sc0 ls31 ws51 gs6f0\">In 2018, t<span class=\"ls30 ws50\">he Bo<span class=\"_ _2\"></span>ard <span class=\"_ _2\"></span>has <span class=\"_ _2\"></span>autho<span class=\"_ _2\"></span>rised<span class=\"_ _2\"></span> the p<span class=\"_ _2\"></span>urc<span class=\"_ _2\"></span>hase o<span class=\"_ _2\"></span>f up<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> $</span><span class=\"ws53\">30.0<span class=\"ls1 ws0\"> <span class=\"ff1f5 ls2f ws70\">million worth of <span class=\"_ _2\"></span>the Company\u2019s </span></span></span></div><div class=\"t m0 h98 ff1f4 fs39 fc2 sc0 ls30 ws50 gs6f1\">Comm<span class=\"_ _2\"></span>on Sha<span class=\"_ _2\"></span>res, <span class=\"_ _2\"></span>of w<span class=\"_ _2\"></span>hich <span class=\"_ _2\"></span>the C<span class=\"_ _2\"></span>omp<span class=\"_ _2\"></span>any h<span class=\"_ _2\"></span>as<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">utilised $<span class=\"ls31 ws53\">21.3</span></span> <span class=\"ls2f ws70\">million prio<span class=\"_ _2\"></span>r to <span class=\"ls31 ws53\">2024.</span></span> <span class=\"ls31 ws51\">During 2025, the </span></span></div><div class=\"t m0 h98 ff1f4 fs39 fc2 sc0 ls30 ws50 gs6f2\">Company<span class=\"_ _2\"></span> acq<span class=\"_ _2\"></span>uire<span class=\"_ _2\"></span>d an<span class=\"_ _2\"></span> addi<span class=\"_ _2\"></span>tiona<span class=\"_ _2\"></span>l 40<span class=\"_ _2\"></span>3,000<span class=\"_ _2\"></span> sh<span class=\"_ _2\"></span>ares f<span class=\"_ _2\"></span>or $<span class=\"_ _2\"></span>8.9 mi<span class=\"_ _2\"></span>llio<span class=\"_ _2\"></span>n, <span class=\"_ _2\"></span>comp<span class=\"_ _2\"></span>leting<span class=\"_ _2\"></span> the p<span class=\"_ _2\"></span>rog<span class=\"_ _2\"></span>ramme.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1f4 fs39 fc2 sc0 ls30 ws4f gs6f3\">In the sec<span class=\"_ _2\"></span>ond q<span class=\"_ _2\"></span>uarte<span class=\"_ _2\"></span>r of 2025<span class=\"_ _2\"></span>, the sha<span class=\"_ _2\"></span>rehol<span class=\"_ _2\"></span>ders at<span class=\"_ _2\"></span> the An<span class=\"_ _2\"></span>nual Ge<span class=\"_ _2\"></span>neral M<span class=\"_ _2\"></span>eeting<span class=\"_ _2\"></span> autho<span class=\"_ _2\"></span>rised<span class=\"_ _2\"></span> the </div><div class=\"t m0 h98 ff1f5 fs39 fc2 sc0 ls30 ws50 gs6f4\">purch<span class=\"_ _2\"></span>ase of<span class=\"_ _2\"></span> up t<span class=\"_ _2\"></span>o $2<span class=\"_ _2\"></span>0.0<span class=\"_ _2\"></span> milli<span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>wort<span class=\"_ _2\"></span>h of <span class=\"_ _2\"></span>the Co<span class=\"_ _2\"></span>mpany<span class=\"_ _2\"></span>\u2019s<span class=\"_ _2\"></span> Commo<span class=\"_ _2\"></span>n Sh<span class=\"_ _2\"></span>ares<span class=\"_ _2\"></span>, of w<span class=\"_ _2\"></span>hich<span class=\"_ _2\"></span> not<span class=\"_ _2\"></span>hing<span class=\"_ _2\"></span> has </div><div class=\"t m0 h98 ff1f4 fs39 fc2 sc0 ls2f ws75 gs6f5\">been utilised.<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 ha6 ff1f6 fs3c fcb sc0 ls52 wse8 gs6f6\">Foun<span class=\"_ _2\"></span>de<span class=\"_ _2\"></span>r\u2019s S<span class=\"_ _2\"></span>ha<span class=\"_ _2\"></span>res <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>Trea<span class=\"_ _2\"></span>su<span class=\"_ _2\"></span>ry s<span class=\"_ _2\"></span>hare<span class=\"_ _2\"></span>s<span class=\"ff1f3 ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1f4 fs39 fc2 sc0 ls2f ws70 gs6f7\">As of Novem<span class=\"_ _2\"></span>ber<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">30<span class=\"_ _2\"></span>, 2025 and 2024, <span class=\"ws81\">13,280,199 and <span class=\"ws53\">13,<span class=\"_ _1\"></span>380<span class=\"_ _2\"></span>,949<span class=\"ls2f ws70\">, respectively,<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ff1f5 ls30 ws50\">of<span class=\"_ _2\"></span> Fou<span class=\"_ _2\"></span>nder\u2019s<span class=\"_ _2\"></span> Sh<span class=\"_ _2\"></span>ares </span></span></span></span></span></span></span></div><div class=\"t m0 h98 ff1f4 fs39 fc2 sc0 ls30 ws50 gs6f8\">had b<span class=\"_ _2\"></span>een is<span class=\"_ _2\"></span>sued<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span>Fiduci<span class=\"_ _2\"></span>a<span class=\"ls1 ws0\"> </span><span class=\"ff1f5\">Ltd, <span class=\"_ _2\"></span>net o<span class=\"_ _2\"></span>f Tre<span class=\"_ _2\"></span>asu<span class=\"_ _2\"></span>ry sh<span class=\"_ _2\"></span>ares.<span class=\"_ _2\"></span> Addi<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>Founde<span class=\"_ _2\"></span>r\u2019s</span><span class=\"ls1 ws0\"> <span class=\"ls47 ws82\">Share<span class=\"_ _1\"></span>s are issuab<span class=\"_ _1\"></span>le to </span></span></div><div class=\"t m0 h98 ff1f5 fs39 fc2 sc0 ls30 ws50 gs6f9\">holde<span class=\"_ _2\"></span>rs of<span class=\"_ _2\"></span> outs<span class=\"_ _2\"></span>tandi<span class=\"_ _2\"></span>ng F<span class=\"_ _2\"></span>ounde<span class=\"_ _2\"></span>r\u2019s <span class=\"_ _2\"></span>Share<span class=\"_ _2\"></span>s witho<span class=\"_ _2\"></span>ut c<span class=\"_ _2\"></span>onsid<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span>, in q<span class=\"_ _2\"></span>uanti<span class=\"_ _2\"></span>ties<span class=\"_ _2\"></span> suffic<span class=\"_ _2\"></span>ient<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span><span class=\"ff1f4 ls1 ws0\"> <span class=\"ls30 ws4f\">maintai<span class=\"_ _2\"></span>n a </span></span></div><div class=\"t m0 h98 ff1f4 fs39 fc2 sc0 ls4a ws74 gs6fa\">ratio of<span class=\"_ _2\"></span> Comm<span class=\"_ _2\"></span>on<span class=\"ls1 ws0\"> <span class=\"ff1f5 ls47 ws82\">Sha<span class=\"_ _1\"></span>res to Found<span class=\"_ _1\"></span>er\u2019s Shar<span class=\"_ _1\"></span>es of 4 to 1.<span class=\"ff1f4 ls1 ws0\"> </span></span></span></div><div class=\"t m0 h98 ff1f4 fs39 fc2 sc0 ls31 ws51 gs6fb\">As of November 30, 2025 and 2024, the Group held 5,403,000 and 5,000<span class=\"_ _2\"></span>,000 Treasury shares and </div><div class=\"t m0 h98 ff1f5 fs39 fc2 sc0 ls31 ws81 gs6fc\">1,350,750 a<span class=\"_ _1\"></span>nd 1,250,000 of Founder\u2019s S<span class=\"_ _1\"></span>hares, respectively.<span class=\"ff1f4 ls1 ws0\"> <span class=\"ls30 ws50\">Note t<span class=\"_ _2\"></span>hat di<span class=\"_ _2\"></span>vidend<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>are <span class=\"_ _2\"></span>not pai<span class=\"_ _2\"></span>d o<span class=\"_ _2\"></span>n </span></span></div><div class=\"t m0 h98 ff1f4 fs39 fc2 sc0 ls30 ws4f gs6fd\">Treasu<span class=\"_ _2\"></span>ry sh<span class=\"_ _2\"></span>ares hel<span class=\"_ _2\"></span>d by the G<span class=\"_ _2\"></span>roup.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 ha6 ff1f3 fs3c fcb sc0 ls58 ws8e gs6fe\">Capital management<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff1f5 fs39 fc2 sc0 ls30 ws50 gs6ff\">The Gr<span class=\"_ _2\"></span>oup d<span class=\"_ _2\"></span>efi<span class=\"_ _2\"></span>nes cap<span class=\"_ _2\"></span>ital<span class=\"_ _2\"></span> as <span class=\"_ _2\"></span>net <span class=\"_ _2\"></span>debt <span class=\"_ _2\"></span>and e<span class=\"_ _2\"></span>quity<span class=\"_ _2\"></span> attr<span class=\"_ _2\"></span>ibut<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span> to eq<span class=\"_ _2\"></span>uity<span class=\"_ _2\"></span> hold<span class=\"_ _2\"></span>ers <span class=\"_ _2\"></span>of S<span class=\"_ _2\"></span>NL. T<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup\u2019s<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff1f4 fs39 fc2 sc0 ls30 ws50 gs700\">objecti<span class=\"_ _2\"></span>ves<span class=\"_ _2\"></span> when m<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>aging<span class=\"_ _2\"></span> capi<span class=\"_ _2\"></span>tal <span class=\"_ _2\"></span>are t<span class=\"_ _2\"></span>o safe<span class=\"_ _2\"></span>gua<span class=\"_ _2\"></span>rd<span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">the</span> </span><span class=\"ff1f5\">Group<span class=\"_ _2\"></span>\u2019s ab<span class=\"_ _2\"></span>ility <span class=\"_ _2\"></span>to c<span class=\"_ _2\"></span>onti<span class=\"_ _2\"></span>nue a<span class=\"_ _2\"></span>s a g<span class=\"_ _2\"></span>oing<span class=\"_ _2\"></span> </span></div><div class=\"t m0 h98 ff1f4 fs39 fc2 sc0 ls30 ws50 gs701\">concer<span class=\"_ _2\"></span>n to<span class=\"_ _2\"></span> provi<span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>retur<span class=\"_ _2\"></span>ns fo<span class=\"_ _2\"></span>r <span class=\"ls1 ws0\">s</span>hare<span class=\"_ _2\"></span>holde<span class=\"_ _2\"></span>rs a<span class=\"_ _2\"></span>nd be<span class=\"_ _2\"></span>nefits<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>r othe<span class=\"_ _2\"></span>r st<span class=\"_ _2\"></span>akehol<span class=\"_ _2\"></span>ders<span class=\"_ _2\"></span>, and<span class=\"_ _2\"></span> to m<span class=\"_ _2\"></span>ain<span class=\"_ _2\"></span>tain <span class=\"_ _2\"></span>an </div><div class=\"t m0 h98 ff1f4 fs39 fc2 sc0 ls30 ws50 gs702\">optimal<span class=\"_ _2\"></span> capi<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span> str<span class=\"_ _2\"></span>ucture<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span>red<span class=\"_ _2\"></span>uce t<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>ost of<span class=\"_ _2\"></span> capi<span class=\"_ _2\"></span>tal.<span class=\"_ _2\"></span> To m<span class=\"_ _2\"></span>aintai<span class=\"_ _2\"></span>n o<span class=\"_ _2\"></span>r ad<span class=\"_ _2\"></span>just <span class=\"_ _2\"></span>the cap<span class=\"_ _2\"></span>ita<span class=\"_ _2\"></span>l str<span class=\"_ _2\"></span>uctu<span class=\"_ _2\"></span>re, </div><div class=\"t m0 h98 ff1f4 fs39 fc2 sc0 ls30 ws52 gs703\">the<span class=\"ls1 ws0\"> </span><span class=\"ws50\">Group m<span class=\"_ _2\"></span>ay ad<span class=\"_ _2\"></span>jus<span class=\"_ _2\"></span>t the<span class=\"_ _2\"></span> amo<span class=\"_ _2\"></span>unt<span class=\"_ _2\"></span> of d<span class=\"_ _2\"></span>ivide<span class=\"_ _2\"></span>nds p<span class=\"_ _2\"></span>aid t<span class=\"_ _2\"></span>o <span class=\"ls1 ws0\">s</span>hare<span class=\"_ _2\"></span>holde<span class=\"_ _2\"></span>rs, re<span class=\"_ _2\"></span>tur<span class=\"_ _2\"></span>n capi<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span> to <span class=\"ls1 ws0\">s</span></span>hare<span class=\"_ _2\"></span>holde<span class=\"_ _2\"></span>rs,<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff1f4 fs39 fc2 sc0 ls30 ws50 gs704\">issue<span class=\"_ _2\"></span> new s<span class=\"_ _2\"></span>hares<span class=\"_ _2\"></span>, <span class=\"ls2f ws70\">rep<span class=\"_ _2\"></span>urchase sh<span class=\"_ _2\"></span>ares or sell<span class=\"_ _2\"></span> assets to<span class=\"_ _2\"></span> reduce debt.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 h98 ff1f4 fs39 fc2 sc0 ls30 ws50 gs705\">The Gr<span class=\"_ _2\"></span>oup m<span class=\"_ _2\"></span>onito<span class=\"_ _2\"></span>rs c<span class=\"_ _2\"></span>apital<span class=\"_ _2\"></span> o<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> basis<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> rati<span class=\"_ _2\"></span>o of d<span class=\"_ _2\"></span>ebt <span class=\"_ _2\"></span>to t<span class=\"_ _2\"></span>angi<span class=\"_ _2\"></span>ble <span class=\"_ _2\"></span>net wo<span class=\"_ _2\"></span>rth.<span class=\"_ _2\"></span> Thi<span class=\"_ _2\"></span>s is c<span class=\"_ _2\"></span>alcul<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>d </div><div class=\"t m0 h98 ff1f4 fs39 fc2 sc0 ls48 ws92 gs706\">as short<span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">term a<span class=\"_ _2\"></span>nd l<span class=\"_ _2\"></span>ong</span>-<span class=\"ls2f ws70\">term deb<span class=\"_ _2\"></span>t and lease</span> <span class=\"ls2f ws70\">liabilities di<span class=\"_ _2\"></span>vided by e<span class=\"_ _2\"></span>quity attribu<span class=\"_ _2\"></span>table to equi<span class=\"_ _2\"></span>ty holders </span></span></div><div class=\"t m0 h98 ff1f4 fs39 fc2 sc0 ls2f ws70 gs707\">less intangible <span class=\"_ _2\"></span>assets and<span class=\"_ _2\"></span> excluding <span class=\"_ _2\"></span>other componen<span class=\"_ _2\"></span>ts of equity.<span class=\"_ _2\"></span> The<span class=\"ls1 ws0\"> <span class=\"ff1f5 ls30 ws50\">Group<span class=\"_ _2\"></span>\u2019s m<span class=\"_ _2\"></span>anagem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> targe<span class=\"_ _2\"></span>ts </span></span></div><div class=\"t m0 h98 ff1f4 fs39 fc2 sc0 ls2f ws70 gs708\">maintaining a r<span class=\"_ _2\"></span>atio of<span class=\"_ _2\"></span> debt to tan<span class=\"_ _2\"></span>gible net wor<span class=\"_ _2\"></span>th at or below<span class=\"_ _2\"></span> 1.50. <span class=\"_ _2\"></span>As of November 30<span class=\"_ _2\"></span>, 2025 a<span class=\"_ _2\"></span>nd </div><div class=\"t m0 h98 ff1f4 fs39 fc2 sc0 ls2f ws70 gs709\">2024, the r<span class=\"_ _2\"></span>atio of deb<span class=\"_ _2\"></span>t to<span class=\"ls1 ws0\"> </span>equity attributable<span class=\"_ _2\"></span> to equity<span class=\"_ _2\"></span> holders of<span class=\"_ _2\"></span> SNL less <span class=\"_ _2\"></span>intangible as<span class=\"_ _2\"></span>sets and </div><div class=\"t m0 h98 ff1f4 fs39 fc2 sc0 ls30 ws50 gs70a\">exclud<span class=\"_ _2\"></span>ing o<span class=\"_ _2\"></span>the<span class=\"_ _2\"></span>r com<span class=\"_ _2\"></span>pone<span class=\"_ _2\"></span>nts o<span class=\"_ _2\"></span>f eq<span class=\"_ _2\"></span>uity w<span class=\"_ _2\"></span>as<span class=\"ls1 ws0\"> </span><span class=\"ws52\">as<span class=\"ls1 ws0\"> <span class=\"ls4a ws76\">follows:<span class=\"_ _2\"></span></span> </span></span></div><div class=\"gs70b\"><table class=\"s w172 h171\" id=\"_685cab03-6b41-4539-8248-298ee7a5355e\"><tr><td></td><td class=\"c x2bd y2f53 w68 h80\"><div class=\"t m0 x171 h82 y2307 ff1f4 fs3b fc2 sc0 ls1 ws32\">As of November 30<span class=\"ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2f54 w150 h15e\"><div class=\"t m0 x245 h82 y2e0b ff1f4 fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2b9 h82 y2eab ff1f4 fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x2a2 y2f55 w48 h83\"><div class=\"t m0 x177 h85 y20ce ff1f3 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2f55 w48 h83\"><div class=\"t m0 x1a0 h82 y20ce ff1f4 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f56 w64 h86\"><div class=\"t m0 x0 h88 y1c4c ff1f4 fs3a fc2 sc0 ls22 ws3e\">Short<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls24 ws3a\">term loans, long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term debt and<span class=\"_ _2\"></span> lease l<span class=\"_ _2\"></span>iabilities</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span> </span></span></span></div></td><td class=\"c x2a2 y2f56 w48 h86\"><div class=\"t m0 x17a h87 y1c4c ff1f3 fs3a fc2 sc0 ls21 ws35\">2,60<span class=\"_ _2\"></span>1,610<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2f56 w48 h86\"><div class=\"t m0 x17b h88 y1c4c ff1f4 fs3a fc2 sc0 ls20 ws36\">2,186,783<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f57 w64 h90\"><div class=\"t m0 x0 h88 y26eb ff1f4 fs3a fc2 sc0 ls29 ws42\">Equity attribut<span class=\"_ _2\"></span>able to<span class=\"_ _2\"></span> equity h<span class=\"_ _2\"></span>olders o<span class=\"_ _2\"></span>f SNL less<span class=\"_ _2\"></span> intangible<span class=\"_ _2\"></span> assets and<span class=\"_ _2\"></span> </div><div class=\"t m0 x0 h88 y1c41 ff1f4 fs3a fc2 sc0 ls29 ws42\">goodwill and <span class=\"_ _2\"></span><span class=\"ls24 ws3a\">excluding other co<span class=\"_ _2\"></span>mponents of equity<span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x3e8 y2f59 w1ca h172\"><div class=\"t m0 x245 h87 y2f58 ff1f3 fs3a fc2 sc0 ls23 ws39\">2,490,<span class=\"_ _1\"></span>16<span class=\"_ _195\"> </span></div><div class=\"t m0 x3e7 h87 y2d34 ff1f3 fs3a fc2 sc0 ls1 ws0\">0<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x3e9 h88 y2f5a ff1f4 fs3a fc2 sc0 ls20 ws36\">2,316,743<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2f5b w64 h86\"><div class=\"t m0 x0 h87 y1bef ff1f3 fs3a fc2 sc0 ls37 ws0\">Debt to tangible<span class=\"_ _1\"></span> net worth<span class=\"ff1f7 ls1\"> </span></div></td><td class=\"c x2a2 y2f5b w48 h86\"><div class=\"t m0 x188 h87 y1bef ff1f3 fs3a fc2 sc0 ls21 ws35\">1.04<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2f5b w48 h86\"><div class=\"t m0 x177 h88 y1bef ff1f4 fs3a fc2 sc0 ls20 ws36\">0.94<span class=\"ls1 ws0\"> </span></div></td></tr></table></div>The debt<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>angible <span class=\"_ _2\"></span>net wo<span class=\"_ _2\"></span>rth of<span class=\"_ _2\"></span> 1.04 <span class=\"_ _2\"></span>at Novemb<span class=\"_ _2\"></span>er 30<span class=\"_ _2\"></span>, 2025<span class=\"_ _2\"></span> is in<span class=\"_ _2\"></span> line<span class=\"_ _2\"></span> with m<span class=\"_ _2\"></span>anagemen<span class=\"_ _2\"></span>t\u2019s<span class=\"ff1f4 ls1 ws0\"> </span>expectatio<span class=\"_ _2\"></span>ns and<span class=\"_ _2\"></span> below <span class=\"_ _2\"></span>its t<span class=\"_ _2\"></span>arget rati<span class=\"_ _2\"></span>o of<span class=\"ls1 ws0\"> <span class=\"ls8c wse9\">1.50. </span></span>The Gr<span class=\"_ _2\"></span>oup h<span class=\"_ _2\"></span>as e<span class=\"_ _2\"></span>xtern<span class=\"_ _2\"></span>al re<span class=\"_ _2\"></span>str<span class=\"_ _2\"></span>ictio<span class=\"_ _2\"></span>ns on<span class=\"_ _2\"></span> its c<span class=\"_ _2\"></span>apit<span class=\"_ _2\"></span>al, w<span class=\"_ _2\"></span>hich<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> its b<span class=\"_ _2\"></span>ank co<span class=\"_ _2\"></span>ve<span class=\"_ _2\"></span>nants.<span class=\"_ _2\"></span> See<span class=\"_ _2\"></span> Note<span class=\"_ _2\"></span> 2<span class=\"ls1 ws0\">3 <span class=\"_ _1\"></span><span class=\"ls4a ws76\">f<span class=\"_ _2\"></span>or </span></span>further details.",
   "dimensions": {
    "concept": "stoltnielsen:DisclosureOfCommonSharesFoundersSharesPaidInSurplusAndDividendsDeclared",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-648": {
   "value": "30<span class=\"ls1 ws0\">. Common Shares, Founders<span class=\"ff1ec\">\u2019</span> Shares, Paid-in Surplus and </span>Dividends Declared  Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span>Equity<span class=\"_ _2\"></span> ca<span class=\"_ _2\"></span>pita<span class=\"_ _2\"></span>l st<span class=\"_ _2\"></span>ock<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The Company\u2019s capital comprises equity capital stock. Eq<span class=\"_ _2\"></span>uity capital stock is measured based on net<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">proceeds. </span></span>Dividends<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Dividends recomme<span class=\"_ _2\"></span>nded by the <span class=\"_ _2\"></span>Board of Dir<span class=\"_ _2\"></span>ectors are rec<span class=\"_ _2\"></span>ognised in th<span class=\"_ _2\"></span>e Financial Stat<span class=\"_ _2\"></span>ements wh<span class=\"_ _2\"></span>en they ha<span class=\"_ _2\"></span>ve been <span class=\"_ _2\"></span>approved b<span class=\"_ _2\"></span>y<span class=\"ls1 ws0\"> <span class=\"ls4b ws77\">the</span> s<span class=\"_ _1\"></span><span class=\"ls49 wsaa\">har<span class=\"_ _2\"></span>ehol<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span>s at <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> Ann<span class=\"_ _2\"></span>ual G<span class=\"_ _2\"></span>ene<span class=\"_ _2\"></span>ral<span class=\"_ _2\"></span> Meet<span class=\"_ _2\"></span>ing.<span class=\"_ _2\"></span> Int<span class=\"_ _2\"></span>erim<span class=\"_ _2\"></span> divi<span class=\"_ _2\"></span>de<span class=\"_ _2\"></span>nds ar<span class=\"_ _2\"></span>e </span></span>recognised<span class=\"_ _2\"></span> when app<span class=\"_ _2\"></span>roved b<span class=\"_ _2\"></span>y th<span class=\"_ _2\"></span>e Board of <span class=\"_ _2\"></span>Direct<span class=\"_ _2\"></span>ors.<span class=\"ls1 ws0\"> </span>Treas<span class=\"_ _2\"></span>ury<span class=\"_ _2\"></span> sha<span class=\"_ _2\"></span>res<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Upon t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>Gro<span class=\"_ _2\"></span>up\u2019s<span class=\"_ _2\"></span> pur<span class=\"_ _2\"></span>cha<span class=\"_ _2\"></span>se of<span class=\"_ _2\"></span> its<span class=\"_ _2\"></span> ow<span class=\"_ _2\"></span>n sh<span class=\"_ _2\"></span>ares<span class=\"_ _2\"></span> (<span class=\"ff1ef ls1 ws0\">T</span><span class=\"ff1ef\">reas<span class=\"_ _2\"></span>ury <span class=\"_ _2\"></span>shar<span class=\"_ _2\"></span>es),<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e consi<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on p<span class=\"_ _2\"></span>aid<span class=\"_ _2\"></span> is d<span class=\"_ _2\"></span>educ<span class=\"_ _2\"></span>ted<span class=\"_ _2\"></span> </span>from equit<span class=\"_ _2\"></span>y attrib<span class=\"_ _2\"></span>utable t<span class=\"_ _2\"></span>o equity<span class=\"_ _2\"></span> holde<span class=\"_ _2\"></span>rs until t<span class=\"_ _2\"></span>he sh<span class=\"_ _2\"></span>ares are <span class=\"_ _2\"></span>cancel<span class=\"_ _2\"></span>led, rei<span class=\"_ _2\"></span>ssued or ot<span class=\"_ _2\"></span>herwis<span class=\"_ _2\"></span>e dispo<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> of.<span class=\"_ _2\"></span> In c<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span>s whe<span class=\"_ _2\"></span>re <span class=\"_ _2\"></span>such<span class=\"_ _2\"></span> shar<span class=\"_ _2\"></span>es<span class=\"_ _2\"></span> are <span class=\"_ _2\"></span>sub<span class=\"_ _2\"></span>seque<span class=\"_ _2\"></span>ntly<span class=\"_ _2\"></span> so<span class=\"_ _2\"></span>ld o<span class=\"_ _2\"></span>r re<span class=\"_ _2\"></span>issue<span class=\"_ _2\"></span>d,<span class=\"_ _2\"></span> any<span class=\"_ _2\"></span> consi<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on received i<span class=\"_ _2\"></span>s in<span class=\"ls49 wsaa\">cl<span class=\"_ _2\"></span>uded<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> equi<span class=\"_ _2\"></span>ty at<span class=\"_ _2\"></span>tr<span class=\"_ _2\"></span>ib<span class=\"_ _2\"></span>utabl<span class=\"_ _2\"></span>e t<span class=\"_ _2\"></span>o equi<span class=\"_ _2\"></span>ty<span class=\"_ _2\"></span> hold<span class=\"_ _2\"></span>ers.<span class=\"_ _195\"> </span></span><span class=\"ls49 wsaa\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>Founders<span class=\"ff1eb\">\u2019</span> s<span class=\"ls1e ws32\">hares</span><span class=\"ls1e ws32\"> </span> Common<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">s<span class=\"ls1e ws32\">hares</span></span><span class=\"ls1 ws0\"> </span>par value $0.001 per share<span class=\"ws0\"> </span>par value $1 per share<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span>Shares <span class=\"ls1 ws0\">i<span class=\"ls1d ws31\">ssued<span class=\"_ _195\"> </span></span></span>Treasury <span class=\"ls1 ws0\">s</span>hares<span class=\"_ _195\"> </span>Shares <span class=\"ls1 ws0\">i<span class=\"ls1d ws31\">ssued<span class=\"_ _195\"> </span></span></span>Treasury <span class=\"ls1 ws0\">s</span>hares<span class=\"_ _195\"> </span>Balance at November 30,<span class=\"ls1 ws0\"> <span class=\"ls66 ws9d\">2025</span></span><span class=\"ls1 ws0\"><span class=\"ff1f0\"> </span></span>14,630<span class=\"_ _1\"></span>,949<span class=\"ls1 ws0\"> </span>1,35<span class=\"_ _2\"></span>0,750<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>58,523<span class=\"_ _1\"></span>,796<span class=\"ls1 ws0\"> </span>5,40<span class=\"_ _2\"></span>3,000<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Balance<span class=\"_ _2\"></span> at Nove<span class=\"_ _2\"></span>mber 30,<span class=\"_ _2\"></span> 2024<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>14,630,949<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>1,250,000<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>58,523,796<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>5,000,00<span class=\"_ _195\"> </span>Sha<span class=\"_ _2\"></span>re ri<span class=\"_ _2\"></span>ghts<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The Gr<span class=\"_ _2\"></span>oup\u2019s<span class=\"_ _2\"></span> aut<span class=\"_ _2\"></span>horis<span class=\"_ _2\"></span>ed s<span class=\"_ _2\"></span>hare c<span class=\"_ _2\"></span>ap<span class=\"_ _2\"></span>ital c<span class=\"_ _2\"></span>onsis<span class=\"_ _2\"></span>ts of<span class=\"_ _2\"></span> 65,0<span class=\"_ _2\"></span>00<span class=\"_ _2\"></span>,000 Co<span class=\"_ _2\"></span>mm<span class=\"_ _2\"></span>on Sha<span class=\"_ _2\"></span>res, p<span class=\"_ _2\"></span>ar v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> $1.00<span class=\"_ _2\"></span><span class=\"ff1ea ls1 ws0\"> <span class=\"ls31 ws53\">per </span></span>share, and 16,250,000 Founder\u2019s Shares, par value $0.001 per share as of <span class=\"_ _2\"></span>November 30, 202<span class=\"ff1ea ls1 ws0\">5 <span class=\"_ _1\"></span><span class=\"ls47 ws71\">and </span></span>2024<span class=\"ls1 ws0\">. <span class=\"_ _3\"></span><span class=\"ls31 ws51\">As <span class=\"_ _2\"></span>of November 30, 2025 and 2024, there were 58,523,796 Common<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">Share<span class=\"_ _2\"></span>s iss<span class=\"_ _2\"></span>ued,<span class=\"_ _2\"></span> of w<span class=\"_ _2\"></span>hic<span class=\"_ _2\"></span>h </span></span></span></span>Treasu<span class=\"_ _2\"></span>ry s<span class=\"_ _2\"></span>hare<span class=\"_ _2\"></span>s we<span class=\"_ _2\"></span>re <span class=\"ls31 ws51\">5,403,000 and 5,000,000, respectively</span>. Exc<span class=\"_ _2\"></span>ep<span class=\"_ _2\"></span>t for<span class=\"_ _2\"></span> matte<span class=\"_ _2\"></span>rs w<span class=\"_ _2\"></span>here ap<span class=\"_ _2\"></span>pl<span class=\"_ _2\"></span>icable<span class=\"_ _2\"></span> law re<span class=\"_ _2\"></span>quire<span class=\"_ _2\"></span>s the<span class=\"_ _2\"></span> app<span class=\"_ _2\"></span>roval<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> both<span class=\"_ _2\"></span> cla<span class=\"_ _2\"></span>sses o<span class=\"_ _2\"></span>f s<span class=\"_ _2\"></span>hares<span class=\"_ _2\"></span> voti<span class=\"_ _2\"></span>ng as <span class=\"_ _2\"></span>sep<span class=\"_ _2\"></span>arate<span class=\"_ _2\"></span> cla<span class=\"_ _2\"></span>sses,<span class=\"_ _2\"></span> Comm<span class=\"_ _2\"></span>on<span class=\"ls1 ws0\"> </span><span class=\"ws52\">Share<span class=\"_ _2\"></span>s </span>and Fo<span class=\"_ _2\"></span>under<span class=\"_ _2\"></span>\u2019s <span class=\"_ _2\"></span>Share<span class=\"_ _2\"></span>s vote<span class=\"_ _2\"></span> as <span class=\"_ _2\"></span>a sing<span class=\"_ _2\"></span>le c<span class=\"_ _2\"></span><span class=\"ff1ea ls2f ws70\">lass on <span class=\"_ _2\"></span>all matters s<span class=\"_ _2\"></span>ubmitted to<span class=\"_ _2\"></span> a vote of<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span><span class=\"ls1 ws0\">s<span class=\"_ _1\"></span><span class=\"ls30 ws52\">h<span class=\"_ _2\"></span>arehold<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>s, </span></span></span>with each share<span class=\"_ _2\"></span> entitled <span class=\"_ _2\"></span>to one vote.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">All<span class=\"_ _2\"></span> issued and <span class=\"_ _2\"></span>outstanding s<span class=\"_ _2\"></span>hares have b<span class=\"_ _2\"></span>een fully p<span class=\"_ _2\"></span>aid.<span class=\"ls1 ws0\"> </span></span></span>Under <span class=\"_ _2\"></span>the B<span class=\"_ _2\"></span>ye<span class=\"ls1 ws0\">-</span><span class=\"ff1eb ws4f\">Laws,<span class=\"_ _2\"></span> holde<span class=\"_ _2\"></span>rs of C<span class=\"_ _2\"></span>ommon S<span class=\"_ _2\"></span>hares<span class=\"_ _2\"></span> and Founde<span class=\"_ _2\"></span>r\u2019s<span class=\"_ _2\"></span> Share<span class=\"_ _2\"></span>s par<span class=\"_ _2\"></span>ticipa<span class=\"_ _2\"></span>te in ann<span class=\"_ _2\"></span>ual </span>divide<span class=\"_ _2\"></span>nds,<span class=\"_ _2\"></span> if a<span class=\"_ _2\"></span>ny ar<span class=\"_ _2\"></span>e decl<span class=\"_ _2\"></span>are<span class=\"_ _2\"></span>d by<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up, in<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> foll<span class=\"_ _2\"></span>owing<span class=\"_ _2\"></span> orde<span class=\"_ _2\"></span>r o<span class=\"_ _2\"></span>f pri<span class=\"_ _2\"></span>ority:<span class=\"_ _2\"></span> (i<span class=\"_ _2\"></span>) $0.<span class=\"_ _2\"></span>005 p<span class=\"_ _2\"></span>er s<span class=\"_ _2\"></span>hare<span class=\"_ _2\"></span> to Founde<span class=\"_ _2\"></span>r\u2019s Sh<span class=\"_ _2\"></span>ares an<span class=\"_ _2\"></span>d Commo<span class=\"_ _2\"></span>n Share<span class=\"_ _2\"></span>s equ<span class=\"_ _2\"></span>ally;<span class=\"_ _2\"></span> and (ii<span class=\"_ _2\"></span>)<span class=\"ff1ea ls1 ws0\"> <span class=\"ls2f ws4e\">thereafter</span></span><span class=\"ff1ea\">, all<span class=\"_ _2\"></span> further<span class=\"_ _2\"></span> amount<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> payable<span class=\"_ _2\"></span> </span>to Comm<span class=\"_ _2\"></span>on S<span class=\"ls30 ws50\">h<span class=\"_ _2\"></span>ares o<span class=\"_ _2\"></span>nly.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>Furthe<span class=\"_ _2\"></span>rmore<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> Bye<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span>Laws als<span class=\"_ _2\"></span>o s<span class=\"_ _2\"></span>et for<span class=\"_ _2\"></span>th t<span class=\"_ _2\"></span>he p<span class=\"_ _2\"></span>riori<span class=\"_ _2\"></span>ties<span class=\"_ _2\"></span> to be<span class=\"_ _2\"></span> appl<span class=\"_ _2\"></span>ied to<span class=\"_ _2\"></span> e<span class=\"_ _2\"></span>ach of<span class=\"_ _2\"></span> the C<span class=\"_ _2\"></span>omm<span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>Shares<span class=\"_ _2\"></span> and Fo<span class=\"_ _2\"></span>under<span class=\"_ _2\"></span>\u2019s <span class=\"_ _2\"></span>Share<span class=\"_ _2\"></span>s in <span class=\"_ _2\"></span>the ev<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> of a<span class=\"_ _2\"></span> liqui<span class=\"_ _2\"></span>datio<span class=\"_ _2\"></span>n. U<span class=\"_ _2\"></span>nder<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Bye<span class=\"_ _2\"></span><span class=\"ff1ea ls1 ws0\">-</span><span class=\"ff1ea\">Laws, in<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> event<span class=\"_ _2\"></span> of a<span class=\"_ _2\"></span> liq<span class=\"_ _2\"></span>uidat<span class=\"_ _2\"></span>ion, </span>all debts a<span class=\"_ _2\"></span>nd obligations<span class=\"_ _2\"></span> of the G<span class=\"_ _2\"></span>roup must fir<span class=\"_ _2\"></span>st be p<span class=\"_ _2\"></span><span class=\"ls30 ws4f\">aid and<span class=\"_ _2\"></span> there<span class=\"_ _2\"></span>afte<span class=\"_ _2\"></span>r all rem<span class=\"_ _2\"></span>aining<span class=\"_ _2\"></span> assets<span class=\"_ _2\"></span> of the<span class=\"_ _2\"></span> </span>Group<span class=\"_ _2\"></span> are p<span class=\"_ _2\"></span>aid <span class=\"_ _2\"></span>to t<span class=\"_ _2\"></span>he hol<span class=\"_ _2\"></span>ders<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>Comm<span class=\"_ _2\"></span>on S<span class=\"_ _2\"></span>hares<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>Founde<span class=\"_ _2\"></span>r\u2019s<span class=\"_ _2\"></span> Share<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> foll<span class=\"_ _2\"></span>owing<span class=\"_ _2\"></span> orde<span class=\"_ _2\"></span>r of<span class=\"_ _2\"></span> prio<span class=\"_ _2\"></span>rity:<span class=\"_ _2\"></span> (i)<span class=\"ls1 ws0\"> </span><span class=\"ws4f\">Commo<span class=\"_ _2\"></span>n Share<span class=\"_ _2\"></span>s <span class=\"ws52\">rat<span class=\"ls1 ws0\">e</span>ably<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">to</span> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">the<span class=\"_ _2\"></span> exte<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> pa<span class=\"_ _2\"></span>r val<span class=\"_ _2\"></span>ue t<span class=\"_ _2\"></span>hereo<span class=\"_ _2\"></span>f ($1<span class=\"_ _2\"></span>.00 p<span class=\"_ _2\"></span>er <span class=\"_ _2\"></span>share<span class=\"_ _2\"></span>); </span></span></span></span>(ii)<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">Common <span class=\"_ _2\"></span>Shares<span class=\"_ _2\"></span> a<span class=\"ff1eb\">nd<span class=\"_ _2\"></span> Found<span class=\"_ _2\"></span>er\u2019<span class=\"_ _2\"></span>s Shar<span class=\"_ _2\"></span>es p<span class=\"_ _2\"></span>artic<span class=\"_ _2\"></span>ipate<span class=\"_ _2\"></span> equ<span class=\"_ _2\"></span>ally<span class=\"_ _2\"></span> up t<span class=\"_ _2\"></span>o $0.0<span class=\"_ _2\"></span>5 pe<span class=\"_ _2\"></span>r sh<span class=\"_ _2\"></span>are; a<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span> </span></span></span>(iii)<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">thereaf<span class=\"_ _2\"></span>ter, C<span class=\"_ _2\"></span>ommo<span class=\"_ _2\"></span>n Sh<span class=\"_ _2\"></span>ares <span class=\"_ _2\"></span>are en<span class=\"_ _2\"></span>tit<span class=\"_ _2\"></span>led to<span class=\"_ _2\"></span> all<span class=\"_ _2\"></span> rem<span class=\"_ _2\"></span>aining<span class=\"_ _2\"></span> asse<span class=\"_ _2\"></span>ts.</span></span><span class=\"ls1 ws0\"><span class=\"ls30 ws50\"><span class=\"_ _2\"></span></span> </span>Dividen<span class=\"_ _2\"></span>ds<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>On No<span class=\"_ _2\"></span>vembe<span class=\"_ _2\"></span>r 6,<span class=\"_ _2\"></span> 2025<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> Com<span class=\"_ _2\"></span>pany\u2019s<span class=\"_ _2\"></span> Board<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> Direc<span class=\"_ _2\"></span>tor<span class=\"_ _2\"></span>s dec<span class=\"_ _2\"></span>lare<span class=\"_ _2\"></span>d an i<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>rim d<span class=\"_ _2\"></span>ivide<span class=\"_ _2\"></span>nd of<span class=\"_ _2\"></span> $<span><span class=\"gs6e2\" id=\"__140\">1. 00</span></span> pe<span class=\"_ _2\"></span>r Comm<span class=\"_ _2\"></span>on sh<span class=\"_ _2\"></span>are a<span class=\"_ _2\"></span>nd $<span><span class=\"gs6e2\" id=\"__141\">0 .005</span></span> p<span class=\"_ _2\"></span>er <span class=\"_ _2\"></span>Founde<span class=\"_ _2\"></span>r\u2019s s<span class=\"_ _2\"></span>hare<span class=\"_ _2\"></span> to s<span class=\"_ _2\"></span>hare<span class=\"_ _2\"></span>holde<span class=\"_ _2\"></span>rs <span class=\"_ _2\"></span>of re<span class=\"_ _2\"></span>cord <span class=\"_ _2\"></span>as of<span class=\"_ _2\"></span> Nove<span class=\"_ _2\"></span>mber<span class=\"_ _2\"></span> 20<span class=\"_ _2\"></span>, 2025. The total amount of the dividend was $53.1 million, which <span class=\"_ _2\"></span>was cla<span class=\"ls2f ws70\">ssified as <span class=\"_ _2\"></span>an interim<span class=\"_ _2\"></span> </span>dividend and p<span class=\"_ _2\"></span>aid on Decem<span class=\"_ _2\"></span>ber 3, 2025<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span>On Feb<span class=\"_ _2\"></span>ruary<span class=\"_ _2\"></span> 11<span class=\"_ _2\"></span>, 2025<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> Comp<span class=\"_ _2\"></span>any<span class=\"_ _2\"></span>\u2019s Bo<span class=\"_ _2\"></span>ard o<span class=\"_ _2\"></span>f D<span class=\"_ _2\"></span>irecto<span class=\"_ _2\"></span>rs re<span class=\"_ _2\"></span>com<span class=\"_ _2\"></span>mended<span class=\"_ _2\"></span> a fi<span class=\"_ _2\"></span>nal di<span class=\"_ _2\"></span>vide<span class=\"_ _2\"></span>nd f<span class=\"_ _2\"></span>or 20<span class=\"_ _2\"></span>24 of<span class=\"_ _2\"></span> $<span>1.25</span><span class=\"_ _2\"></span> per<span class=\"_ _2\"></span> Common<span class=\"_ _2\"></span> sha<span class=\"_ _2\"></span>re. T<span class=\"_ _2\"></span>he di<span class=\"_ _2\"></span>vidend<span class=\"_ _2\"></span> was<span class=\"_ _2\"></span> ap<span class=\"_ _2\"></span>proved<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span>\u2019s A<span class=\"_ _2\"></span>nnual<span class=\"_ _2\"></span> Gene<span class=\"_ _2\"></span>ral Me<span class=\"_ _2\"></span>eti<span class=\"_ _2\"></span>ng fo<span class=\"_ _2\"></span>r shareh<span class=\"_ _2\"></span>olde<span class=\"_ _2\"></span>rs held<span class=\"_ _2\"></span> o<span class=\"_ _2\"></span>n Apri<span class=\"_ _2\"></span>l 17<span class=\"_ _2\"></span>, 20<span class=\"_ _2\"></span>25<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws50\">i<span class=\"_ _2\"></span>n Berm<span class=\"_ _2\"></span>uda.<span class=\"_ _2\"></span> The <span class=\"_ _2\"></span>total<span class=\"_ _2\"></span> amo<span class=\"_ _2\"></span>unt o<span class=\"_ _2\"></span>f the<span class=\"_ _2\"></span> divid<span class=\"_ _2\"></span>end<span class=\"_ _2\"></span> was<span class=\"_ _2\"></span> $67.1<span class=\"_ _2\"></span> mil<span class=\"_ _2\"></span>lio<span class=\"_ _2\"></span>n </span></span>and was <span class=\"ls31 ws51\">paid on May 7, 2025. This brings the total dividends for 2024 to $2.50 per share.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>On No<span class=\"_ _2\"></span>vembe<span class=\"_ _2\"></span>r 7,<span class=\"_ _2\"></span> 2024<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> Com<span class=\"_ _2\"></span>pany\u2019s<span class=\"_ _2\"></span> Board<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> Direc<span class=\"_ _2\"></span>tor<span class=\"_ _2\"></span>s dec<span class=\"_ _2\"></span>lare<span class=\"_ _2\"></span>d an i<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>rim d<span class=\"_ _2\"></span>ivide<span class=\"_ _2\"></span>nd of<span class=\"_ _2\"></span> $<span><span class=\"gs6e2\" id=\"__142\">1. 25</span></span> pe<span class=\"_ _2\"></span>r Common share and $<span>0.005</span> per<span class=\"ls1 ws0\"> <span class=\"ff1eb ls30 ws50\">Founder\u2019<span class=\"_ _2\"></span>s sha<span class=\"_ _2\"></span>re to<span class=\"_ _2\"></span> sha<span class=\"_ _2\"></span>rehold<span class=\"_ _2\"></span>ers<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>reco<span class=\"_ _2\"></span>rd as<span class=\"_ _2\"></span> of N<span class=\"_ _2\"></span>ovemb<span class=\"_ _2\"></span>er 22<span class=\"_ _2\"></span>, </span></span>2024. The total amount of the dividend was $67.0 million, which <span class=\"_ _2\"></span>was<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls54 ws83\">cla<span class=\"ls2f ws70\">s<span class=\"_ _2\"></span>sified as <span class=\"_ _2\"></span>an interim </span></span></span>dividend and <span class=\"ls30 ws52\">w<span class=\"_ _2\"></span>as <span class=\"ls31 ws51\">paid on December 4, 2024.<span class=\"_ _195\"> </span></span></span>Trea<span class=\"_ _2\"></span>su<span class=\"_ _2\"></span>ry s<span class=\"_ _2\"></span>hare<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>In 2018, t<span class=\"ls30 ws50\">he Bo<span class=\"_ _2\"></span>ard <span class=\"_ _2\"></span>has <span class=\"_ _2\"></span>autho<span class=\"_ _2\"></span>rised<span class=\"_ _2\"></span> the p<span class=\"_ _2\"></span>urc<span class=\"_ _2\"></span>hase o<span class=\"_ _2\"></span>f up<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> $</span><span class=\"ws53\">30.0<span class=\"ls1 ws0\"> <span class=\"ff1f5 ls2f ws70\">million worth of <span class=\"_ _2\"></span>the Company\u2019s </span></span></span>Comm<span class=\"_ _2\"></span>on Sha<span class=\"_ _2\"></span>res, <span class=\"_ _2\"></span>of w<span class=\"_ _2\"></span>hich <span class=\"_ _2\"></span>the C<span class=\"_ _2\"></span>omp<span class=\"_ _2\"></span>any h<span class=\"_ _2\"></span>as<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">utilised $<span class=\"ls31 ws53\">21.3</span></span> <span class=\"ls2f ws70\">million prio<span class=\"_ _2\"></span>r to <span class=\"ls31 ws53\">2024.</span></span> <span class=\"ls31 ws51\">During 2025, the </span></span>Company<span class=\"_ _2\"></span> acq<span class=\"_ _2\"></span>uire<span class=\"_ _2\"></span>d an<span class=\"_ _2\"></span> addi<span class=\"_ _2\"></span>tiona<span class=\"_ _2\"></span>l 40<span class=\"_ _2\"></span>3,000<span class=\"_ _2\"></span> sh<span class=\"_ _2\"></span>ares f<span class=\"_ _2\"></span>or $<span class=\"_ _2\"></span>8.9 mi<span class=\"_ _2\"></span>llio<span class=\"_ _2\"></span>n, <span class=\"_ _2\"></span>comp<span class=\"_ _2\"></span>leting<span class=\"_ _2\"></span> the p<span class=\"_ _2\"></span>rog<span class=\"_ _2\"></span>ramme.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>In the sec<span class=\"_ _2\"></span>ond q<span class=\"_ _2\"></span>uarte<span class=\"_ _2\"></span>r of 2025<span class=\"_ _2\"></span>, the sha<span class=\"_ _2\"></span>rehol<span class=\"_ _2\"></span>ders at<span class=\"_ _2\"></span> the An<span class=\"_ _2\"></span>nual Ge<span class=\"_ _2\"></span>neral M<span class=\"_ _2\"></span>eeting<span class=\"_ _2\"></span> autho<span class=\"_ _2\"></span>rised<span class=\"_ _2\"></span> the purch<span class=\"_ _2\"></span>ase of<span class=\"_ _2\"></span> up t<span class=\"_ _2\"></span>o $2<span class=\"_ _2\"></span>0.0<span class=\"_ _2\"></span> milli<span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>wort<span class=\"_ _2\"></span>h of <span class=\"_ _2\"></span>the Co<span class=\"_ _2\"></span>mpany<span class=\"_ _2\"></span>\u2019s<span class=\"_ _2\"></span> Commo<span class=\"_ _2\"></span>n Sh<span class=\"_ _2\"></span>ares<span class=\"_ _2\"></span>, of w<span class=\"_ _2\"></span>hich<span class=\"_ _2\"></span> not<span class=\"_ _2\"></span>hing<span class=\"_ _2\"></span> has been utilised.<span class=\"ls1 ws0\"> </span>Foun<span class=\"_ _2\"></span>de<span class=\"_ _2\"></span>r\u2019s S<span class=\"_ _2\"></span>ha<span class=\"_ _2\"></span>res <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>Trea<span class=\"_ _2\"></span>su<span class=\"_ _2\"></span>ry s<span class=\"_ _2\"></span>hare<span class=\"_ _2\"></span>s<span class=\"ff1f3 ls1 ws0\"> </span>As of Novem<span class=\"_ _2\"></span>ber<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">30<span class=\"_ _2\"></span>, 2025 and 2024, <span class=\"ws81\">13,280,199 and <span class=\"ws53\">13,<span class=\"_ _1\"></span>380<span class=\"_ _2\"></span>,949<span class=\"ls2f ws70\">, respectively,<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ff1f5 ls30 ws50\">of<span class=\"_ _2\"></span> Fou<span class=\"_ _2\"></span>nder\u2019s<span class=\"_ _2\"></span> Sh<span class=\"_ _2\"></span>ares </span></span></span></span></span></span></span>had b<span class=\"_ _2\"></span>een is<span class=\"_ _2\"></span>sued<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span>Fiduci<span class=\"_ _2\"></span>a<span class=\"ls1 ws0\"> </span><span class=\"ff1f5\">Ltd, <span class=\"_ _2\"></span>net o<span class=\"_ _2\"></span>f Tre<span class=\"_ _2\"></span>asu<span class=\"_ _2\"></span>ry sh<span class=\"_ _2\"></span>ares.<span class=\"_ _2\"></span> Addi<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>Founde<span class=\"_ _2\"></span>r\u2019s</span><span class=\"ls1 ws0\"> <span class=\"ls47 ws82\">Share<span class=\"_ _1\"></span>s are issuab<span class=\"_ _1\"></span>le to </span></span>holde<span class=\"_ _2\"></span>rs of<span class=\"_ _2\"></span> outs<span class=\"_ _2\"></span>tandi<span class=\"_ _2\"></span>ng F<span class=\"_ _2\"></span>ounde<span class=\"_ _2\"></span>r\u2019s <span class=\"_ _2\"></span>Share<span class=\"_ _2\"></span>s witho<span class=\"_ _2\"></span>ut c<span class=\"_ _2\"></span>onsid<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span>, in q<span class=\"_ _2\"></span>uanti<span class=\"_ _2\"></span>ties<span class=\"_ _2\"></span> suffic<span class=\"_ _2\"></span>ient<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span><span class=\"ff1f4 ls1 ws0\"> <span class=\"ls30 ws4f\">maintai<span class=\"_ _2\"></span>n a </span></span>ratio of<span class=\"_ _2\"></span> Comm<span class=\"_ _2\"></span>on<span class=\"ls1 ws0\"> <span class=\"ff1f5 ls47 ws82\">Sha<span class=\"_ _1\"></span>res to Found<span class=\"_ _1\"></span>er\u2019s Shar<span class=\"_ _1\"></span>es of 4 to 1.<span class=\"ff1f4 ls1 ws0\"> </span></span></span>As of November 30, 2025 and 2024, the Group held 5,403,000 and 5,000<span class=\"_ _2\"></span>,000 Treasury shares and 1,350,750 a<span class=\"_ _1\"></span>nd 1,250,000 of Founder\u2019s S<span class=\"_ _1\"></span>hares, respectively.<span class=\"ff1f4 ls1 ws0\"> <span class=\"ls30 ws50\">Note t<span class=\"_ _2\"></span>hat di<span class=\"_ _2\"></span>vidend<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>are <span class=\"_ _2\"></span>not pai<span class=\"_ _2\"></span>d o<span class=\"_ _2\"></span>n </span></span>Treasu<span class=\"_ _2\"></span>ry sh<span class=\"_ _2\"></span>ares hel<span class=\"_ _2\"></span>d by the G<span class=\"_ _2\"></span>roup.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Capital management<span class=\"ls1 ws0\"> </span>The Gr<span class=\"_ _2\"></span>oup d<span class=\"_ _2\"></span>efi<span class=\"_ _2\"></span>nes cap<span class=\"_ _2\"></span>ital<span class=\"_ _2\"></span> as <span class=\"_ _2\"></span>net <span class=\"_ _2\"></span>debt <span class=\"_ _2\"></span>and e<span class=\"_ _2\"></span>quity<span class=\"_ _2\"></span> attr<span class=\"_ _2\"></span>ibut<span class=\"_ _2\"></span>able<span class=\"_ _2\"></span> to eq<span class=\"_ _2\"></span>uity<span class=\"_ _2\"></span> hold<span class=\"_ _2\"></span>ers <span class=\"_ _2\"></span>of S<span class=\"_ _2\"></span>NL. T<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup\u2019s<span class=\"_ _2\"></span> objecti<span class=\"_ _2\"></span>ves<span class=\"_ _2\"></span> when m<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>aging<span class=\"_ _2\"></span> capi<span class=\"_ _2\"></span>tal <span class=\"_ _2\"></span>are t<span class=\"_ _2\"></span>o safe<span class=\"_ _2\"></span>gua<span class=\"_ _2\"></span>rd<span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">the</span> </span><span class=\"ff1f5\">Group<span class=\"_ _2\"></span>\u2019s ab<span class=\"_ _2\"></span>ility <span class=\"_ _2\"></span>to c<span class=\"_ _2\"></span>onti<span class=\"_ _2\"></span>nue a<span class=\"_ _2\"></span>s a g<span class=\"_ _2\"></span>oing<span class=\"_ _2\"></span> </span>concer<span class=\"_ _2\"></span>n to<span class=\"_ _2\"></span> provi<span class=\"_ _2\"></span>de <span class=\"_ _2\"></span>retur<span class=\"_ _2\"></span>ns fo<span class=\"_ _2\"></span>r <span class=\"ls1 ws0\">s</span>hare<span class=\"_ _2\"></span>holde<span class=\"_ _2\"></span>rs a<span class=\"_ _2\"></span>nd be<span class=\"_ _2\"></span>nefits<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>r othe<span class=\"_ _2\"></span>r st<span class=\"_ _2\"></span>akehol<span class=\"_ _2\"></span>ders<span class=\"_ _2\"></span>, and<span class=\"_ _2\"></span> to m<span class=\"_ _2\"></span>ain<span class=\"_ _2\"></span>tain <span class=\"_ _2\"></span>an optimal<span class=\"_ _2\"></span> capi<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span> str<span class=\"_ _2\"></span>ucture<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span>red<span class=\"_ _2\"></span>uce t<span class=\"_ _2\"></span>he c<span class=\"_ _2\"></span>ost of<span class=\"_ _2\"></span> capi<span class=\"_ _2\"></span>tal.<span class=\"_ _2\"></span> To m<span class=\"_ _2\"></span>aintai<span class=\"_ _2\"></span>n o<span class=\"_ _2\"></span>r ad<span class=\"_ _2\"></span>just <span class=\"_ _2\"></span>the cap<span class=\"_ _2\"></span>ita<span class=\"_ _2\"></span>l str<span class=\"_ _2\"></span>uctu<span class=\"_ _2\"></span>re, the<span class=\"ls1 ws0\"> </span><span class=\"ws50\">Group m<span class=\"_ _2\"></span>ay ad<span class=\"_ _2\"></span>jus<span class=\"_ _2\"></span>t the<span class=\"_ _2\"></span> amo<span class=\"_ _2\"></span>unt<span class=\"_ _2\"></span> of d<span class=\"_ _2\"></span>ivide<span class=\"_ _2\"></span>nds p<span class=\"_ _2\"></span>aid t<span class=\"_ _2\"></span>o <span class=\"ls1 ws0\">s</span>hare<span class=\"_ _2\"></span>holde<span class=\"_ _2\"></span>rs, re<span class=\"_ _2\"></span>tur<span class=\"_ _2\"></span>n capi<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span> to <span class=\"ls1 ws0\">s</span></span>hare<span class=\"_ _2\"></span>holde<span class=\"_ _2\"></span>rs,<span class=\"_ _2\"></span> issue<span class=\"_ _2\"></span> new s<span class=\"_ _2\"></span>hares<span class=\"_ _2\"></span>, <span class=\"ls2f ws70\">rep<span class=\"_ _2\"></span>urchase sh<span class=\"_ _2\"></span>ares or sell<span class=\"_ _2\"></span> assets to<span class=\"_ _2\"></span> reduce debt.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>The Gr<span class=\"_ _2\"></span>oup m<span class=\"_ _2\"></span>onito<span class=\"_ _2\"></span>rs c<span class=\"_ _2\"></span>apital<span class=\"_ _2\"></span> o<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> basis<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> rati<span class=\"_ _2\"></span>o of d<span class=\"_ _2\"></span>ebt <span class=\"_ _2\"></span>to t<span class=\"_ _2\"></span>angi<span class=\"_ _2\"></span>ble <span class=\"_ _2\"></span>net wo<span class=\"_ _2\"></span>rth.<span class=\"_ _2\"></span> Thi<span class=\"_ _2\"></span>s is c<span class=\"_ _2\"></span>alcul<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>d as short<span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">term a<span class=\"_ _2\"></span>nd l<span class=\"_ _2\"></span>ong</span>-<span class=\"ls2f ws70\">term deb<span class=\"_ _2\"></span>t and lease</span> <span class=\"ls2f ws70\">liabilities di<span class=\"_ _2\"></span>vided by e<span class=\"_ _2\"></span>quity attribu<span class=\"_ _2\"></span>table to equi<span class=\"_ _2\"></span>ty holders </span></span>less intangible <span class=\"_ _2\"></span>assets and<span class=\"_ _2\"></span> excluding <span class=\"_ _2\"></span>other componen<span class=\"_ _2\"></span>ts of equity.<span class=\"_ _2\"></span> The<span class=\"ls1 ws0\"> <span class=\"ff1f5 ls30 ws50\">Group<span class=\"_ _2\"></span>\u2019s m<span class=\"_ _2\"></span>anagem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> targe<span class=\"_ _2\"></span>ts </span></span>maintaining a r<span class=\"_ _2\"></span>atio of<span class=\"_ _2\"></span> debt to tan<span class=\"_ _2\"></span>gible net wor<span class=\"_ _2\"></span>th at or below<span class=\"_ _2\"></span> 1.50. <span class=\"_ _2\"></span>As of November 30<span class=\"_ _2\"></span>, 2025 a<span class=\"_ _2\"></span>nd 2024, the r<span class=\"_ _2\"></span>atio of deb<span class=\"_ _2\"></span>t to<span class=\"ls1 ws0\"> </span>equity attributable<span class=\"_ _2\"></span> to equity<span class=\"_ _2\"></span> holders of<span class=\"_ _2\"></span> SNL less <span class=\"_ _2\"></span>intangible as<span class=\"_ _2\"></span>sets and exclud<span class=\"_ _2\"></span>ing o<span class=\"_ _2\"></span>the<span class=\"_ _2\"></span>r com<span class=\"_ _2\"></span>pone<span class=\"_ _2\"></span>nts o<span class=\"_ _2\"></span>f eq<span class=\"_ _2\"></span>uity w<span class=\"_ _2\"></span>as<span class=\"ls1 ws0\"> </span><span class=\"ws52\">as<span class=\"ls1 ws0\"> <span class=\"ls4a ws76\">follows:<span class=\"_ _2\"></span></span> </span></span><table class=\"s w172 h171\" id=\"_685cab03-6b41-4539-8248-298ee7a5355e\"><tr><td></td><td class=\"c x2bd y2f53 w68 h80\"><div class=\"t m0 x171 h82 y2307 ff1f4 fs3b fc2 sc0 ls1 ws32\">As of November 30<span class=\"ws0\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2f54 w150 h15e\"><div class=\"t m0 x245 h82 y2e0b ff1f4 fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2b9 h82 y2eab ff1f4 fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x2a2 y2f55 w48 h83\"><div class=\"t m0 x177 h85 y20ce ff1f3 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2f55 w48 h83\"><div class=\"t m0 x1a0 h82 y20ce ff1f4 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f56 w64 h86\"><div class=\"t m0 x0 h88 y1c4c ff1f4 fs3a fc2 sc0 ls22 ws3e\">Short<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls24 ws3a\">term loans, long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term debt and<span class=\"_ _2\"></span> lease l<span class=\"_ _2\"></span>iabilities</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls24 ws3a\"><span class=\"ls1 ws0\"><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span> </span></span></span></div></td><td class=\"c x2a2 y2f56 w48 h86\"><div class=\"t m0 x17a h87 y1c4c ff1f3 fs3a fc2 sc0 ls21 ws35\">2,60<span class=\"_ _2\"></span>1,610<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2f56 w48 h86\"><div class=\"t m0 x17b h88 y1c4c ff1f4 fs3a fc2 sc0 ls20 ws36\">2,186,783<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f57 w64 h90\"><div class=\"t m0 x0 h88 y26eb ff1f4 fs3a fc2 sc0 ls29 ws42\">Equity attribut<span class=\"_ _2\"></span>able to<span class=\"_ _2\"></span> equity h<span class=\"_ _2\"></span>olders o<span class=\"_ _2\"></span>f SNL less<span class=\"_ _2\"></span> intangible<span class=\"_ _2\"></span> assets and<span class=\"_ _2\"></span> </div><div class=\"t m0 x0 h88 y1c41 ff1f4 fs3a fc2 sc0 ls29 ws42\">goodwill and <span class=\"_ _2\"></span><span class=\"ls24 ws3a\">excluding other co<span class=\"_ _2\"></span>mponents of equity<span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x3e8 y2f59 w1ca h172\"><div class=\"t m0 x245 h87 y2f58 ff1f3 fs3a fc2 sc0 ls23 ws39\">2,490,<span class=\"_ _1\"></span>16<span class=\"_ _195\"> </span></div><div class=\"t m0 x3e7 h87 y2d34 ff1f3 fs3a fc2 sc0 ls1 ws0\">0<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x3e9 h88 y2f5a ff1f4 fs3a fc2 sc0 ls20 ws36\">2,316,743<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2f5b w64 h86\"><div class=\"t m0 x0 h87 y1bef ff1f3 fs3a fc2 sc0 ls37 ws0\">Debt to tangible<span class=\"_ _1\"></span> net worth<span class=\"ff1f7 ls1\"> </span></div></td><td class=\"c x2a2 y2f5b w48 h86\"><div class=\"t m0 x188 h87 y1bef ff1f3 fs3a fc2 sc0 ls21 ws35\">1.04<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2bb y2f5b w48 h86\"><div class=\"t m0 x177 h88 y1bef ff1f4 fs3a fc2 sc0 ls20 ws36\">0.94<span class=\"ls1 ws0\"> </span></div></td></tr></table>The debt<span class=\"_ _2\"></span> to t<span class=\"_ _2\"></span>angible <span class=\"_ _2\"></span>net wo<span class=\"_ _2\"></span>rth of<span class=\"_ _2\"></span> 1.04 <span class=\"_ _2\"></span>at Novemb<span class=\"_ _2\"></span>er 30<span class=\"_ _2\"></span>, 2025<span class=\"_ _2\"></span> is in<span class=\"_ _2\"></span> line<span class=\"_ _2\"></span> with m<span class=\"_ _2\"></span>anagemen<span class=\"_ _2\"></span>t\u2019s<span class=\"ff1f4 ls1 ws0\"> </span>expectatio<span class=\"_ _2\"></span>ns and<span class=\"_ _2\"></span> below <span class=\"_ _2\"></span>its t<span class=\"_ _2\"></span>arget rati<span class=\"_ _2\"></span>o of<span class=\"ls1 ws0\"> <span class=\"ls8c wse9\">1.50. </span></span>The Gr<span class=\"_ _2\"></span>oup h<span class=\"_ _2\"></span>as e<span class=\"_ _2\"></span>xtern<span class=\"_ _2\"></span>al re<span class=\"_ _2\"></span>str<span class=\"_ _2\"></span>ictio<span class=\"_ _2\"></span>ns on<span class=\"_ _2\"></span> its c<span class=\"_ _2\"></span>apit<span class=\"_ _2\"></span>al, w<span class=\"_ _2\"></span>hich<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> its b<span class=\"_ _2\"></span>ank co<span class=\"_ _2\"></span>ve<span class=\"_ _2\"></span>nants.<span class=\"_ _2\"></span> See<span class=\"_ _2\"></span> Note<span class=\"_ _2\"></span> 2<span class=\"ls1 ws0\">3 <span class=\"_ _1\"></span><span class=\"ls4a ws76\">f<span class=\"_ _2\"></span>or </span></span>further details.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-685": {
   "value": "Equity<span class=\"_ _2\"></span> ca<span class=\"_ _2\"></span>pita<span class=\"_ _2\"></span>l st<span class=\"_ _2\"></span>ock<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The Company\u2019s capital comprises equity capital stock. Eq<span class=\"_ _2\"></span>uity capital stock is measured based on net<span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">proceeds. </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-686": {
   "value": "Dividends<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Dividends recomme<span class=\"_ _2\"></span>nded by the <span class=\"_ _2\"></span>Board of Dir<span class=\"_ _2\"></span>ectors are rec<span class=\"_ _2\"></span>ognised in th<span class=\"_ _2\"></span>e Financial Stat<span class=\"_ _2\"></span>ements wh<span class=\"_ _2\"></span>en they ha<span class=\"_ _2\"></span>ve been <span class=\"_ _2\"></span>approved b<span class=\"_ _2\"></span>y<span class=\"ls1 ws0\"> <span class=\"ls4b ws77\">the</span> s<span class=\"_ _1\"></span><span class=\"ls49 wsaa\">har<span class=\"_ _2\"></span>ehol<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span>s at <span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> Ann<span class=\"_ _2\"></span>ual G<span class=\"_ _2\"></span>ene<span class=\"_ _2\"></span>ral<span class=\"_ _2\"></span> Meet<span class=\"_ _2\"></span>ing.<span class=\"_ _2\"></span> Int<span class=\"_ _2\"></span>erim<span class=\"_ _2\"></span> divi<span class=\"_ _2\"></span>de<span class=\"_ _2\"></span>nds ar<span class=\"_ _2\"></span>e </span></span>recognised<span class=\"_ _2\"></span> when app<span class=\"_ _2\"></span>roved b<span class=\"_ _2\"></span>y th<span class=\"_ _2\"></span>e Board of <span class=\"_ _2\"></span>Direct<span class=\"_ _2\"></span>ors.<span class=\"ls1 ws0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-634": {
   "value": "Treas<span class=\"_ _2\"></span>ury<span class=\"_ _2\"></span> sha<span class=\"_ _2\"></span>res<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Upon t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>Gro<span class=\"_ _2\"></span>up\u2019s<span class=\"_ _2\"></span> pur<span class=\"_ _2\"></span>cha<span class=\"_ _2\"></span>se of<span class=\"_ _2\"></span> its<span class=\"_ _2\"></span> ow<span class=\"_ _2\"></span>n sh<span class=\"_ _2\"></span>ares<span class=\"_ _2\"></span> (<span class=\"ff1ef ls1 ws0\">T</span><span class=\"ff1ef\">reas<span class=\"_ _2\"></span>ury <span class=\"_ _2\"></span>shar<span class=\"_ _2\"></span>es),<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e consi<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on p<span class=\"_ _2\"></span>aid<span class=\"_ _2\"></span> is d<span class=\"_ _2\"></span>educ<span class=\"_ _2\"></span>ted<span class=\"_ _2\"></span> </span>from equit<span class=\"_ _2\"></span>y attrib<span class=\"_ _2\"></span>utable t<span class=\"_ _2\"></span>o equity<span class=\"_ _2\"></span> holde<span class=\"_ _2\"></span>rs until t<span class=\"_ _2\"></span>he sh<span class=\"_ _2\"></span>ares are <span class=\"_ _2\"></span>cancel<span class=\"_ _2\"></span>led, rei<span class=\"_ _2\"></span>ssued or ot<span class=\"_ _2\"></span>herwis<span class=\"_ _2\"></span>e dispo<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> of.<span class=\"_ _2\"></span> In c<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span>s whe<span class=\"_ _2\"></span>re <span class=\"_ _2\"></span>such<span class=\"_ _2\"></span> shar<span class=\"_ _2\"></span>es<span class=\"_ _2\"></span> are <span class=\"_ _2\"></span>sub<span class=\"_ _2\"></span>seque<span class=\"_ _2\"></span>ntly<span class=\"_ _2\"></span> so<span class=\"_ _2\"></span>ld o<span class=\"_ _2\"></span>r re<span class=\"_ _2\"></span>issue<span class=\"_ _2\"></span>d,<span class=\"_ _2\"></span> any<span class=\"_ _2\"></span> consi<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on received i<span class=\"_ _2\"></span>s in<span class=\"ls49 wsaa\">cl<span class=\"_ _2\"></span>uded<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> equi<span class=\"_ _2\"></span>ty at<span class=\"_ _2\"></span>tr<span class=\"_ _2\"></span>ib<span class=\"_ _2\"></span>utabl<span class=\"_ _2\"></span>e t<span class=\"_ _2\"></span>o equi<span class=\"_ _2\"></span>ty<span class=\"_ _2\"></span> hold<span class=\"_ _2\"></span>ers.<span class=\"_ _195\"> </span></span>Trea<span class=\"_ _2\"></span>su<span class=\"_ _2\"></span>ry s<span class=\"_ _2\"></span>hare<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>In 2018, t<span class=\"ls30 ws50\">he Bo<span class=\"_ _2\"></span>ard <span class=\"_ _2\"></span>has <span class=\"_ _2\"></span>autho<span class=\"_ _2\"></span>rised<span class=\"_ _2\"></span> the p<span class=\"_ _2\"></span>urc<span class=\"_ _2\"></span>hase o<span class=\"_ _2\"></span>f up<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> $</span><span class=\"ws53\">30.0<span class=\"ls1 ws0\"> <span class=\"ff1f5 ls2f ws70\">million worth of <span class=\"_ _2\"></span>the Company\u2019s </span></span></span>Comm<span class=\"_ _2\"></span>on Sha<span class=\"_ _2\"></span>res, <span class=\"_ _2\"></span>of w<span class=\"_ _2\"></span>hich <span class=\"_ _2\"></span>the C<span class=\"_ _2\"></span>omp<span class=\"_ _2\"></span>any h<span class=\"_ _2\"></span>as<span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">utilised $<span class=\"ls31 ws53\">21.3</span></span> <span class=\"ls2f ws70\">million prio<span class=\"_ _2\"></span>r to <span class=\"ls31 ws53\">2024.</span></span> <span class=\"ls31 ws51\">During 2025, the </span></span>Company<span class=\"_ _2\"></span> acq<span class=\"_ _2\"></span>uire<span class=\"_ _2\"></span>d an<span class=\"_ _2\"></span> addi<span class=\"_ _2\"></span>tiona<span class=\"_ _2\"></span>l 40<span class=\"_ _2\"></span>3,000<span class=\"_ _2\"></span> sh<span class=\"_ _2\"></span>ares f<span class=\"_ _2\"></span>or $<span class=\"_ _2\"></span>8.9 mi<span class=\"_ _2\"></span>llio<span class=\"_ _2\"></span>n, <span class=\"_ _2\"></span>comp<span class=\"_ _2\"></span>leting<span class=\"_ _2\"></span> the p<span class=\"_ _2\"></span>rog<span class=\"_ _2\"></span>ramme.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>In the sec<span class=\"_ _2\"></span>ond q<span class=\"_ _2\"></span>uarte<span class=\"_ _2\"></span>r of 2025<span class=\"_ _2\"></span>, the sha<span class=\"_ _2\"></span>rehol<span class=\"_ _2\"></span>ders at<span class=\"_ _2\"></span> the An<span class=\"_ _2\"></span>nual Ge<span class=\"_ _2\"></span>neral M<span class=\"_ _2\"></span>eeting<span class=\"_ _2\"></span> autho<span class=\"_ _2\"></span>rised<span class=\"_ _2\"></span> the purch<span class=\"_ _2\"></span>ase of<span class=\"_ _2\"></span> up t<span class=\"_ _2\"></span>o $2<span class=\"_ _2\"></span>0.0<span class=\"_ _2\"></span> milli<span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>wort<span class=\"_ _2\"></span>h of <span class=\"_ _2\"></span>the Co<span class=\"_ _2\"></span>mpany<span class=\"_ _2\"></span>\u2019s<span class=\"_ _2\"></span> Commo<span class=\"_ _2\"></span>n Sh<span class=\"_ _2\"></span>ares<span class=\"_ _2\"></span>, of w<span class=\"_ _2\"></span>hich<span class=\"_ _2\"></span> not<span class=\"_ _2\"></span>hing<span class=\"_ _2\"></span> has been utilised.<span class=\"ls1 ws0\"> </span>Foun<span class=\"_ _2\"></span>de<span class=\"_ _2\"></span>r\u2019s S<span class=\"_ _2\"></span>ha<span class=\"_ _2\"></span>res <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>Trea<span class=\"_ _2\"></span>su<span class=\"_ _2\"></span>ry s<span class=\"_ _2\"></span>hare<span class=\"_ _2\"></span>s<span class=\"ff1f3 ls1 ws0\"> </span>As of Novem<span class=\"_ _2\"></span>ber<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls31 ws51\">30<span class=\"_ _2\"></span>, 2025 and 2024, <span class=\"ws81\">13,280,199 and <span class=\"ws53\">13,<span class=\"_ _1\"></span>380<span class=\"_ _2\"></span>,949<span class=\"ls2f ws70\">, respectively,<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ff1f5 ls30 ws50\">of<span class=\"_ _2\"></span> Fou<span class=\"_ _2\"></span>nder\u2019s<span class=\"_ _2\"></span> Sh<span class=\"_ _2\"></span>ares </span></span></span></span></span></span></span>had b<span class=\"_ _2\"></span>een is<span class=\"_ _2\"></span>sued<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span>Fiduci<span class=\"_ _2\"></span>a<span class=\"ls1 ws0\"> </span><span class=\"ff1f5\">Ltd, <span class=\"_ _2\"></span>net o<span class=\"_ _2\"></span>f Tre<span class=\"_ _2\"></span>asu<span class=\"_ _2\"></span>ry sh<span class=\"_ _2\"></span>ares.<span class=\"_ _2\"></span> Addi<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>Founde<span class=\"_ _2\"></span>r\u2019s</span><span class=\"ls1 ws0\"> <span class=\"ls47 ws82\">Share<span class=\"_ _1\"></span>s are issuab<span class=\"_ _1\"></span>le to </span></span>holde<span class=\"_ _2\"></span>rs of<span class=\"_ _2\"></span> outs<span class=\"_ _2\"></span>tandi<span class=\"_ _2\"></span>ng F<span class=\"_ _2\"></span>ounde<span class=\"_ _2\"></span>r\u2019s <span class=\"_ _2\"></span>Share<span class=\"_ _2\"></span>s witho<span class=\"_ _2\"></span>ut c<span class=\"_ _2\"></span>onsid<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span>, in q<span class=\"_ _2\"></span>uanti<span class=\"_ _2\"></span>ties<span class=\"_ _2\"></span> suffic<span class=\"_ _2\"></span>ient<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span><span class=\"ff1f4 ls1 ws0\"> <span class=\"ls30 ws4f\">maintai<span class=\"_ _2\"></span>n a </span></span>ratio of<span class=\"_ _2\"></span> Comm<span class=\"_ _2\"></span>on<span class=\"ls1 ws0\"> <span class=\"ff1f5 ls47 ws82\">Sha<span class=\"_ _1\"></span>res to Found<span class=\"_ _1\"></span>er\u2019s Shar<span class=\"_ _1\"></span>es of 4 to 1.<span class=\"ff1f4 ls1 ws0\"> </span></span></span>As of November 30, 2025 and 2024, the Group held 5,403,000 and 5,000<span class=\"_ _2\"></span>,000 Treasury shares and 1,350,750 a<span class=\"_ _1\"></span>nd 1,250,000 of Founder\u2019s S<span class=\"_ _1\"></span>hares, respectively.<span class=\"ff1f4 ls1 ws0\"> <span class=\"ls30 ws50\">Note t<span class=\"_ _2\"></span>hat di<span class=\"_ _2\"></span>vidend<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>are <span class=\"_ _2\"></span>not pai<span class=\"_ _2\"></span>d o<span class=\"_ _2\"></span>n </span></span>Treasu<span class=\"_ _2\"></span>ry sh<span class=\"_ _2\"></span>ares hel<span class=\"_ _2\"></span>d by the G<span class=\"_ _2\"></span>roup.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-687": {
   "value": "Treas<span class=\"_ _2\"></span>ury<span class=\"_ _2\"></span> sha<span class=\"_ _2\"></span>res<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Upon t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>Gro<span class=\"_ _2\"></span>up\u2019s<span class=\"_ _2\"></span> pur<span class=\"_ _2\"></span>cha<span class=\"_ _2\"></span>se of<span class=\"_ _2\"></span> its<span class=\"_ _2\"></span> ow<span class=\"_ _2\"></span>n sh<span class=\"_ _2\"></span>ares<span class=\"_ _2\"></span> (<span class=\"ff1ef ls1 ws0\">T</span><span class=\"ff1ef\">reas<span class=\"_ _2\"></span>ury <span class=\"_ _2\"></span>shar<span class=\"_ _2\"></span>es),<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e consi<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on p<span class=\"_ _2\"></span>aid<span class=\"_ _2\"></span> is d<span class=\"_ _2\"></span>educ<span class=\"_ _2\"></span>ted<span class=\"_ _2\"></span> </span>from equit<span class=\"_ _2\"></span>y attrib<span class=\"_ _2\"></span>utable t<span class=\"_ _2\"></span>o equity<span class=\"_ _2\"></span> holde<span class=\"_ _2\"></span>rs until t<span class=\"_ _2\"></span>he sh<span class=\"_ _2\"></span>ares are <span class=\"_ _2\"></span>cancel<span class=\"_ _2\"></span>led, rei<span class=\"_ _2\"></span>ssued or ot<span class=\"_ _2\"></span>herwis<span class=\"_ _2\"></span>e dispo<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> of.<span class=\"_ _2\"></span> In c<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span>s whe<span class=\"_ _2\"></span>re <span class=\"_ _2\"></span>such<span class=\"_ _2\"></span> shar<span class=\"_ _2\"></span>es<span class=\"_ _2\"></span> are <span class=\"_ _2\"></span>sub<span class=\"_ _2\"></span>seque<span class=\"_ _2\"></span>ntly<span class=\"_ _2\"></span> so<span class=\"_ _2\"></span>ld o<span class=\"_ _2\"></span>r re<span class=\"_ _2\"></span>issue<span class=\"_ _2\"></span>d,<span class=\"_ _2\"></span> any<span class=\"_ _2\"></span> consi<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on received i<span class=\"_ _2\"></span>s in<span class=\"ls49 wsaa\">cl<span class=\"_ _2\"></span>uded<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> equi<span class=\"_ _2\"></span>ty at<span class=\"_ _2\"></span>tr<span class=\"_ _2\"></span>ib<span class=\"_ _2\"></span>utabl<span class=\"_ _2\"></span>e t<span class=\"_ _2\"></span>o equi<span class=\"_ _2\"></span>ty<span class=\"_ _2\"></span> hold<span class=\"_ _2\"></span>ers.<span class=\"_ _195\"> </span></span><span class=\"ls49 wsaa\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-617": {
   "value": "Sha<span class=\"_ _2\"></span>re ri<span class=\"_ _2\"></span>ghts<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>The Gr<span class=\"_ _2\"></span>oup\u2019s<span class=\"_ _2\"></span> aut<span class=\"_ _2\"></span>horis<span class=\"_ _2\"></span>ed s<span class=\"_ _2\"></span>hare c<span class=\"_ _2\"></span>ap<span class=\"_ _2\"></span>ital c<span class=\"_ _2\"></span>onsis<span class=\"_ _2\"></span>ts of<span class=\"_ _2\"></span> 65,0<span class=\"_ _2\"></span>00<span class=\"_ _2\"></span>,000 Co<span class=\"_ _2\"></span>mm<span class=\"_ _2\"></span>on Sha<span class=\"_ _2\"></span>res, p<span class=\"_ _2\"></span>ar v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> $1.00<span class=\"_ _2\"></span><span class=\"ff1ea ls1 ws0\"> <span class=\"ls31 ws53\">per </span></span>share, and 16,250,000 Founder\u2019s Shares, par value $0.001 per share as of <span class=\"_ _2\"></span>November 30, 202<span class=\"ff1ea ls1 ws0\">5 <span class=\"_ _1\"></span><span class=\"ls47 ws71\">and </span></span>2024<span class=\"ls1 ws0\">. <span class=\"_ _3\"></span><span class=\"ls31 ws51\">As <span class=\"_ _2\"></span>of November 30, 2025 and 2024, there were 58,523,796 Common<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">Share<span class=\"_ _2\"></span>s iss<span class=\"_ _2\"></span>ued,<span class=\"_ _2\"></span> of w<span class=\"_ _2\"></span>hic<span class=\"_ _2\"></span>h </span></span></span></span>Treasu<span class=\"_ _2\"></span>ry s<span class=\"_ _2\"></span>hare<span class=\"_ _2\"></span>s we<span class=\"_ _2\"></span>re <span class=\"ls31 ws51\">5,403,000 and 5,000,000, respectively</span>. Exc<span class=\"_ _2\"></span>ep<span class=\"_ _2\"></span>t for<span class=\"_ _2\"></span> matte<span class=\"_ _2\"></span>rs w<span class=\"_ _2\"></span>here ap<span class=\"_ _2\"></span>pl<span class=\"_ _2\"></span>icable<span class=\"_ _2\"></span> law re<span class=\"_ _2\"></span>quire<span class=\"_ _2\"></span>s the<span class=\"_ _2\"></span> app<span class=\"_ _2\"></span>roval<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> both<span class=\"_ _2\"></span> cla<span class=\"_ _2\"></span>sses o<span class=\"_ _2\"></span>f s<span class=\"_ _2\"></span>hares<span class=\"_ _2\"></span> voti<span class=\"_ _2\"></span>ng as <span class=\"_ _2\"></span>sep<span class=\"_ _2\"></span>arate<span class=\"_ _2\"></span> cla<span class=\"_ _2\"></span>sses,<span class=\"_ _2\"></span> Comm<span class=\"_ _2\"></span>on<span class=\"ls1 ws0\"> </span><span class=\"ws52\">Share<span class=\"_ _2\"></span>s </span>and Fo<span class=\"_ _2\"></span>under<span class=\"_ _2\"></span>\u2019s <span class=\"_ _2\"></span>Share<span class=\"_ _2\"></span>s vote<span class=\"_ _2\"></span> as <span class=\"_ _2\"></span>a sing<span class=\"_ _2\"></span>le c<span class=\"_ _2\"></span><span class=\"ff1ea ls2f ws70\">lass on <span class=\"_ _2\"></span>all matters s<span class=\"_ _2\"></span>ubmitted to<span class=\"_ _2\"></span> a vote of<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span><span class=\"ls1 ws0\">s<span class=\"_ _1\"></span><span class=\"ls30 ws52\">h<span class=\"_ _2\"></span>arehold<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>s, </span></span></span>with each share<span class=\"_ _2\"></span> entitled <span class=\"_ _2\"></span>to one vote.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">All<span class=\"_ _2\"></span> issued and <span class=\"_ _2\"></span>outstanding s<span class=\"_ _2\"></span>hares have b<span class=\"_ _2\"></span>een fully p<span class=\"_ _2\"></span>aid.<span class=\"ls1 ws0\"> </span></span></span>Under <span class=\"_ _2\"></span>the B<span class=\"_ _2\"></span>ye<span class=\"ls1 ws0\">-</span><span class=\"ff1eb ws4f\">Laws,<span class=\"_ _2\"></span> holde<span class=\"_ _2\"></span>rs of C<span class=\"_ _2\"></span>ommon S<span class=\"_ _2\"></span>hares<span class=\"_ _2\"></span> and Founde<span class=\"_ _2\"></span>r\u2019s<span class=\"_ _2\"></span> Share<span class=\"_ _2\"></span>s par<span class=\"_ _2\"></span>ticipa<span class=\"_ _2\"></span>te in ann<span class=\"_ _2\"></span>ual </span>divide<span class=\"_ _2\"></span>nds,<span class=\"_ _2\"></span> if a<span class=\"_ _2\"></span>ny ar<span class=\"_ _2\"></span>e decl<span class=\"_ _2\"></span>are<span class=\"_ _2\"></span>d by<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up, in<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> foll<span class=\"_ _2\"></span>owing<span class=\"_ _2\"></span> orde<span class=\"_ _2\"></span>r o<span class=\"_ _2\"></span>f pri<span class=\"_ _2\"></span>ority:<span class=\"_ _2\"></span> (i<span class=\"_ _2\"></span>) $0.<span class=\"_ _2\"></span>005 p<span class=\"_ _2\"></span>er s<span class=\"_ _2\"></span>hare<span class=\"_ _2\"></span> to Founde<span class=\"_ _2\"></span>r\u2019s Sh<span class=\"_ _2\"></span>ares an<span class=\"_ _2\"></span>d Commo<span class=\"_ _2\"></span>n Share<span class=\"_ _2\"></span>s equ<span class=\"_ _2\"></span>ally;<span class=\"_ _2\"></span> and (ii<span class=\"_ _2\"></span>)<span class=\"ff1ea ls1 ws0\"> <span class=\"ls2f ws4e\">thereafter</span></span><span class=\"ff1ea\">, all<span class=\"_ _2\"></span> further<span class=\"_ _2\"></span> amount<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> payable<span class=\"_ _2\"></span> </span>to Comm<span class=\"_ _2\"></span>on S<span class=\"ls30 ws50\">h<span class=\"_ _2\"></span>ares o<span class=\"_ _2\"></span>nly.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span>Furthe<span class=\"_ _2\"></span>rmore<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> Bye<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span>Laws als<span class=\"_ _2\"></span>o s<span class=\"_ _2\"></span>et for<span class=\"_ _2\"></span>th t<span class=\"_ _2\"></span>he p<span class=\"_ _2\"></span>riori<span class=\"_ _2\"></span>ties<span class=\"_ _2\"></span> to be<span class=\"_ _2\"></span> appl<span class=\"_ _2\"></span>ied to<span class=\"_ _2\"></span> e<span class=\"_ _2\"></span>ach of<span class=\"_ _2\"></span> the C<span class=\"_ _2\"></span>omm<span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>Shares<span class=\"_ _2\"></span> and Fo<span class=\"_ _2\"></span>under<span class=\"_ _2\"></span>\u2019s <span class=\"_ _2\"></span>Share<span class=\"_ _2\"></span>s in <span class=\"_ _2\"></span>the ev<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> of a<span class=\"_ _2\"></span> liqui<span class=\"_ _2\"></span>datio<span class=\"_ _2\"></span>n. U<span class=\"_ _2\"></span>nder<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> Bye<span class=\"_ _2\"></span><span class=\"ff1ea ls1 ws0\">-</span><span class=\"ff1ea\">Laws, in<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> event<span class=\"_ _2\"></span> of a<span class=\"_ _2\"></span> liq<span class=\"_ _2\"></span>uidat<span class=\"_ _2\"></span>ion, </span>all debts a<span class=\"_ _2\"></span>nd obligations<span class=\"_ _2\"></span> of the G<span class=\"_ _2\"></span>roup must fir<span class=\"_ _2\"></span>st be p<span class=\"_ _2\"></span><span class=\"ls30 ws4f\">aid and<span class=\"_ _2\"></span> there<span class=\"_ _2\"></span>afte<span class=\"_ _2\"></span>r all rem<span class=\"_ _2\"></span>aining<span class=\"_ _2\"></span> assets<span class=\"_ _2\"></span> of the<span class=\"_ _2\"></span> </span>Group<span class=\"_ _2\"></span> are p<span class=\"_ _2\"></span>aid <span class=\"_ _2\"></span>to t<span class=\"_ _2\"></span>he hol<span class=\"_ _2\"></span>ders<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>Comm<span class=\"_ _2\"></span>on S<span class=\"_ _2\"></span>hares<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>Founde<span class=\"_ _2\"></span>r\u2019s<span class=\"_ _2\"></span> Share<span class=\"_ _2\"></span>s i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> foll<span class=\"_ _2\"></span>owing<span class=\"_ _2\"></span> orde<span class=\"_ _2\"></span>r of<span class=\"_ _2\"></span> prio<span class=\"_ _2\"></span>rity:<span class=\"_ _2\"></span> (i)<span class=\"ls1 ws0\"> </span><span class=\"ws4f\">Commo<span class=\"_ _2\"></span>n Share<span class=\"_ _2\"></span>s <span class=\"ws52\">rat<span class=\"ls1 ws0\">e</span>ably<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">to</span> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">the<span class=\"_ _2\"></span> exte<span class=\"_ _2\"></span>nt of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> pa<span class=\"_ _2\"></span>r val<span class=\"_ _2\"></span>ue t<span class=\"_ _2\"></span>hereo<span class=\"_ _2\"></span>f ($1<span class=\"_ _2\"></span>.00 p<span class=\"_ _2\"></span>er <span class=\"_ _2\"></span>share<span class=\"_ _2\"></span>); </span></span></span></span>(ii)<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">Common <span class=\"_ _2\"></span>Shares<span class=\"_ _2\"></span> a<span class=\"ff1eb\">nd<span class=\"_ _2\"></span> Found<span class=\"_ _2\"></span>er\u2019<span class=\"_ _2\"></span>s Shar<span class=\"_ _2\"></span>es p<span class=\"_ _2\"></span>artic<span class=\"_ _2\"></span>ipate<span class=\"_ _2\"></span> equ<span class=\"_ _2\"></span>ally<span class=\"_ _2\"></span> up t<span class=\"_ _2\"></span>o $0.0<span class=\"_ _2\"></span>5 pe<span class=\"_ _2\"></span>r sh<span class=\"_ _2\"></span>are; a<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span> </span></span></span>(iii)<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">thereaf<span class=\"_ _2\"></span>ter, C<span class=\"_ _2\"></span>ommo<span class=\"_ _2\"></span>n Sh<span class=\"_ _2\"></span>ares <span class=\"_ _2\"></span>are en<span class=\"_ _2\"></span>tit<span class=\"_ _2\"></span>led to<span class=\"_ _2\"></span> all<span class=\"_ _2\"></span> rem<span class=\"_ _2\"></span>aining<span class=\"_ _2\"></span> asse<span class=\"_ _2\"></span>ts.</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-654": {
   "value": "1.0",
   "decimals": 2,
   "dimensions": {
    "concept": "stoltnielsen:InterimDividendPerCommonShare",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00",
    "unit": "iso4217:USD/xbrli:shares"
   }
  },
  "fact-655": {
   "value": "0.005",
   "decimals": 3,
   "dimensions": {
    "concept": "stoltnielsen:InterimDividendPerFoundersShare",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00",
    "unit": "iso4217:USD/xbrli:shares"
   }
  },
  "fact-656": {
   "value": "1.25",
   "decimals": 2,
   "dimensions": {
    "concept": "stoltnielsen:FinalDividendPerCommonShare",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00",
    "unit": "iso4217:USD/xbrli:shares"
   }
  },
  "fact-657": {
   "value": "1.25",
   "decimals": 2,
   "dimensions": {
    "concept": "stoltnielsen:InterimDividendPerCommonShare",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2023-12-01T00:00:00/2024-12-01T00:00:00",
    "unit": "iso4217:USD/xbrli:shares"
   }
  },
  "fact-658": {
   "value": "0.005",
   "decimals": 3,
   "dimensions": {
    "concept": "stoltnielsen:InterimDividendPerFoundersShare",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2023-12-01T00:00:00/2024-12-01T00:00:00",
    "unit": "iso4217:USD/xbrli:shares"
   }
  },
  "fact-592": {
   "value": "31. Earnings per Share Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span>Basi<span class=\"_ _2\"></span>c Ear<span class=\"_ _2\"></span>ning<span class=\"_ _2\"></span>s p<span class=\"_ _2\"></span>er C<span class=\"_ _2\"></span>ommo<span class=\"_ _2\"></span>n s<span class=\"_ _2\"></span>hare (<span class=\"_ _2\"></span>EPS)<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> cal<span class=\"_ _2\"></span>culat<span class=\"_ _2\"></span>ed b<span class=\"_ _2\"></span>y d<span class=\"_ _2\"></span>ivid<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> net p<span class=\"_ _2\"></span>rof<span class=\"_ _2\"></span>it b<span class=\"_ _2\"></span>y t<span class=\"_ _2\"></span>he w<span class=\"_ _2\"></span>eig<span class=\"_ _2\"></span>hted<span class=\"_ _2\"></span> aver<span class=\"_ _2\"></span>ag<span class=\"_ _2\"></span>e numb<span class=\"_ _2\"></span>er of sh<span class=\"_ _2\"></span>are<span class=\"_ _2\"></span>s outs<span class=\"_ _2\"></span>tandi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> during<span class=\"_ _2\"></span> the ye<span class=\"_ _2\"></span>ar. Di<span class=\"_ _2\"></span>lut<span class=\"_ _2\"></span>ed<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">EPS is c<span class=\"_ _2\"></span>alculated<span class=\"_ _2\"></span> by adj<span class=\"_ _2\"></span>usting th<span class=\"_ _2\"></span>e weig<span class=\"_ _2\"></span>hted </span></span>avera<span class=\"_ _2\"></span>ge nu<span class=\"_ _2\"></span>mber<span class=\"_ _2\"></span> of shar<span class=\"_ _2\"></span>es o<span class=\"_ _2\"></span>utst<span class=\"_ _2\"></span>andi<span class=\"_ _2\"></span>ng dur<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> the ye<span class=\"_ _2\"></span>ar for<span class=\"_ _2\"></span> al<span class=\"ls54 ws70\">l potentially dilutive shares and </span>equi<span class=\"_ _2\"></span>valen<span class=\"_ _2\"></span>ts <span class=\"_ _2\"></span>outst<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>nding<span class=\"_ _2\"></span> dur<span class=\"_ _2\"></span>ing t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e year<span class=\"_ _2\"></span> us<span class=\"_ _2\"></span>ing t<span class=\"_ _2\"></span>he <span class=\"ls1 ws0\">t<span class=\"ls48 ws32\">reasu<span class=\"_ _2\"></span>ry stock m<span class=\"_ _2\"></span>ethod. <span class=\"_ _2\"></span></span> </span>As furthe<span class=\"_ _2\"></span>r discu<span class=\"_ _2\"></span>ssed in<span class=\"_ _2\"></span> Note<span class=\"ls1 ws0\"> <span class=\"ls31 ws53\">30<span class=\"ff1f5 ls30 ws50\">, Fou<span class=\"_ _2\"></span>nder\u2019<span class=\"_ _2\"></span>s Sh<span class=\"_ _2\"></span>ares<span class=\"_ _2\"></span>, whic<span class=\"_ _2\"></span>h pr<span class=\"_ _2\"></span>ovide<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> hold<span class=\"_ _2\"></span>er t<span class=\"_ _2\"></span>hereof<span class=\"_ _2\"></span> with<span class=\"_ _2\"></span> ce<span class=\"_ _2\"></span>rtain<span class=\"_ _2\"></span> </span></span></span>control<span class=\"_ _2\"></span> fe<span class=\"_ _2\"></span>ature<span class=\"_ _2\"></span>s, o<span class=\"_ _2\"></span>nly p<span class=\"_ _2\"></span>artic<span class=\"_ _2\"></span>ipate<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">e<span class=\"_ _2\"></span>arni<span class=\"_ _2\"></span>ngs to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> exte<span class=\"_ _2\"></span>nt <span class=\"_ _2\"></span>of $0.0<span class=\"_ _2\"></span>05 p<span class=\"_ _2\"></span>er sh<span class=\"_ _2\"></span>are f<span class=\"_ _2\"></span>or t<span class=\"_ _2\"></span>he ye<span class=\"_ _2\"></span>ars <span class=\"_ _2\"></span>in w<span class=\"_ _2\"></span>hich </span></span>divide<span class=\"_ _2\"></span>nds <span class=\"_ _2\"></span>are de<span class=\"_ _2\"></span>clare<span class=\"_ _2\"></span>d a<span class=\"_ _2\"></span>nd a<span class=\"_ _2\"></span>re li<span class=\"_ _2\"></span>mited<span class=\"_ _2\"></span> to $0<span class=\"_ _2\"></span>.05<span class=\"_ _2\"></span> per s<span class=\"_ _2\"></span>hare<span class=\"_ _2\"></span> upo<span class=\"_ _2\"></span>n liq<span class=\"_ _2\"></span>uida<span class=\"_ _2\"></span>tion.<span class=\"_ _2\"></span> For <span class=\"_ _2\"></span>the p<span class=\"_ _2\"></span>urpo<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span> of calcul<span class=\"_ _2\"></span>ating<span class=\"_ _2\"></span> EP<span class=\"_ _2\"></span>S, di<span class=\"_ _2\"></span>vidend<span class=\"_ _2\"></span>s p<span class=\"_ _2\"></span>aid o<span class=\"_ _2\"></span>n Fo<span class=\"_ _2\"></span>under\u2019<span class=\"_ _2\"></span>s S<span class=\"_ _2\"></span>hares<span class=\"_ _2\"></span> are de<span class=\"_ _2\"></span>ducte<span class=\"_ _2\"></span>d fr<span class=\"_ _2\"></span>om e<span class=\"_ _2\"></span>arning<span class=\"_ _2\"></span>s to<span class=\"_ _2\"></span> arri<span class=\"_ _2\"></span>ve <span class=\"_ _2\"></span>at ne<span class=\"_ _2\"></span><span class=\"ff1f4 ls55 ws73\">t </span>profi<span class=\"_ _2\"></span>t attrib<span class=\"_ _2\"></span>utab<span class=\"_ _2\"></span>le to<span class=\"_ _2\"></span> <span class=\"ls2f ws75\">holders of </span><span class=\"ff1f5 ws50\">Common <span class=\"_ _2\"></span>Share<span class=\"_ _2\"></span>s. F<span class=\"_ _2\"></span>ounde<span class=\"_ _2\"></span>r\u2019s <span class=\"_ _2\"></span>Share<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> not<span class=\"_ _2\"></span> incl<span class=\"_ _2\"></span>uded<span class=\"_ _2\"></span> in t<span class=\"_ _2\"></span>he basi<span class=\"_ _2\"></span>c o<span class=\"_ _2\"></span>r </span>diluted<span class=\"_ _2\"></span> weig<span class=\"_ _2\"></span>hted<span class=\"_ _2\"></span> ave<span class=\"_ _2\"></span>rage <span class=\"_ _2\"></span>share<span class=\"_ _2\"></span>s out<span class=\"_ _2\"></span>stand<span class=\"_ _2\"></span>ing i<span class=\"_ _2\"></span>n th<span class=\"_ _2\"></span>e c<span class=\"_ _2\"></span>alcul<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>earning<span class=\"_ _2\"></span>s pe<span class=\"_ _2\"></span>r C<span class=\"_ _2\"></span>ommon<span class=\"_ _2\"></span> Share<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span>The f<span class=\"_ _2\"></span>ollowi<span class=\"_ _2\"></span>ng i<span class=\"_ _2\"></span>s a re<span class=\"_ _2\"></span>conc<span class=\"_ _2\"></span>iliat<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>the n<span class=\"_ _2\"></span>umerato<span class=\"_ _2\"></span>r a<span class=\"_ _2\"></span>nd de<span class=\"_ _2\"></span>nomi<span class=\"_ _2\"></span>nat<span class=\"_ _2\"></span>or of<span class=\"_ _2\"></span> the b<span class=\"_ _2\"></span>asic<span class=\"_ _2\"></span> and d<span class=\"_ _2\"></span>ilut<span class=\"_ _2\"></span>ed EPS<span class=\"ls1 ws0\"> <span class=\"ls53 ws80\">computa<span class=\"_ _2\"></span>tions:<span class=\"_ _2\"></span></span> </span><table class=\"s w14b h173\" id=\"_b729e802-d59a-42ff-86ab-0e2f3d73f6b3\"><tr><td></td><td class=\"t m0 x3ea h82 y2f5c ff1f4 fs3b fc2 sc0 ls19 ws2d\">For<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">the</span> years en<span class=\"_ _2\"></span>ded November <span class=\"ls1b ws2f\">30</span></span><span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td class=\"c x246 y2f5d w1cb h121\"><div class=\"t m0 x245 h82 y29a6 ff1f4 fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2f3 h82 y29a7 ff1f4 fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ws32\">thousands, except per share data)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x3eb h85 y2f5e ff1f3 fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"_ _195\"> </span></td><td class=\"t m0 x2c6 h82 y2f5e ff1f4 fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x241 y2f5f w6c h86\"><div class=\"t m0 x0 h88 y1be8 ff1f4 fs3a fc2 sc0 ls22 ws37\">Net profit <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2f5f w20 h86\"><div class=\"t m0 x180 h87 y1be8 ff1f3 fs3a fc2 sc0 ls21 ws35\">350,<span class=\"_ _2\"></span>156<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2f5f w2a h86\"><div class=\"t m0 x181 h88 y1be8 ff1f4 fs3a fc2 sc0 ls20 ws36\">394,759<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f60 w6c h86\"><div class=\"t m0 x0 h88 y1bea ff1f5 fs3a fc2 sc0 ls28 ws0\">Less: D<span class=\"_ _2\"></span>ivi<span class=\"_ _2\"></span>dends o<span class=\"_ _2\"></span>n Fo<span class=\"_ _2\"></span>under<span class=\"_ _2\"></span>\u2019s Shar<span class=\"_ _2\"></span>es<span class=\"ff1f4 ls1\"> </span></div></td><td class=\"c x2cc y2f60 w24 h86\"><div class=\"t m0 x1a0 h87 y1bea ff1f3 fs3a fc2 sc0 ls1 ws0\">(<span class=\"ls27 ws3f\">66</span>)<span class=\"_ _1\"></span> </div></td><td class=\"c x244 y2f60 w2c h86\"><div class=\"t m0 x171 h88 y1bea ff1f4 fs3a fc2 sc0 ls20 ws36\">(67)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f61 w6c h8a\"><div class=\"t m0 x0 h88 y1bec ff1f4 fs3a fc2 sc0 ls23 ws4b\">Net profi<span class=\"_ _1\"></span>t attributabl<span class=\"_ _1\"></span>e to <span class=\"ls22 ws37\">holders of Common Shares</span><span class=\"ls22 ws37\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2cc y2f61 w20 h8a\"><div class=\"t m0 x180 h87 y1bec ff1f3 fs3a fc2 sc0 ls21 ws35\">350,<span class=\"_ _2\"></span><span class=\"ls1 ws0\">0<span class=\"ls27 ws3f\">90</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2f61 w2a h8a\"><div class=\"t m0 x181 h88 y1bec ff1f4 fs3a fc2 sc0 ls20 ws36\">394,692<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f62 w6c h86\"><div class=\"t m0 x0 h88 y1bef ff1f4 fs3a fc2 sc0 ls24 ws3a\">Basic and diluted weighted average shares o<span class=\"_ _2\"></span>utstanding<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2cc y2f62 w20 h86\"><div class=\"t m0 x179 h87 y1bef ff1f3 fs3a fc2 sc0 ls23 ws39\">53,282<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2f62 w2a h86\"><div class=\"t m0 x183 h88 y1bef ff1f4 fs3a fc2 sc0 ls20 ws36\">53,524<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f63 w6c h8a\"><div class=\"t m0 x0 h88 y1bf6 ff1f4 fs3a fc2 sc0 ls2e ws4c\">Basic earnings<span class=\"_ _2\"></span> per share<span class=\"ls1 ws0\">  </span></div></td><td class=\"c x2cc y2f63 w20 h8a\"><div class=\"t m0 x188 h87 y1bf6 ff1f3 fs3a fc2 sc0 ls21 ws35\">6.57<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2f63 w2a h8a\"><div class=\"t m0 x177 h88 y1bf6 ff1f4 fs3a fc2 sc0 ls20 ws36\">7.38<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f64 w6c h86\"><div class=\"t m0 x0 h88 y1bfa ff1f4 fs3a fc2 sc0 ls24 ws3a\">Diluted earnings per share<span class=\"ls1 ws0\">  </span></div></td><td class=\"c x2cc y2f64 w20 h86\"><div class=\"t m0 x188 h87 y1bfa ff1f3 fs3a fc2 sc0 ls21 ws35\">6.57<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x244 y2f64 w2a h86\"><div class=\"t m0 x177 h88 y1bfa ff1f4 fs3a fc2 sc0 ls20 ws36\">7.38<span class=\"ls1 ws0\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-688": {
   "value": "Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span>Basi<span class=\"_ _2\"></span>c Ear<span class=\"_ _2\"></span>ning<span class=\"_ _2\"></span>s p<span class=\"_ _2\"></span>er C<span class=\"_ _2\"></span>ommo<span class=\"_ _2\"></span>n s<span class=\"_ _2\"></span>hare (<span class=\"_ _2\"></span>EPS)<span class=\"_ _2\"></span> is<span class=\"_ _2\"></span> cal<span class=\"_ _2\"></span>culat<span class=\"_ _2\"></span>ed b<span class=\"_ _2\"></span>y d<span class=\"_ _2\"></span>ivid<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> net p<span class=\"_ _2\"></span>rof<span class=\"_ _2\"></span>it b<span class=\"_ _2\"></span>y t<span class=\"_ _2\"></span>he w<span class=\"_ _2\"></span>eig<span class=\"_ _2\"></span>hted<span class=\"_ _2\"></span> aver<span class=\"_ _2\"></span>ag<span class=\"_ _2\"></span>e numb<span class=\"_ _2\"></span>er of sh<span class=\"_ _2\"></span>are<span class=\"_ _2\"></span>s outs<span class=\"_ _2\"></span>tandi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> during<span class=\"_ _2\"></span> the ye<span class=\"_ _2\"></span>ar. Di<span class=\"_ _2\"></span>lut<span class=\"_ _2\"></span>ed<span class=\"ls1 ws0\"> <span class=\"ls48 ws32\">EPS is c<span class=\"_ _2\"></span>alculated<span class=\"_ _2\"></span> by adj<span class=\"_ _2\"></span>usting th<span class=\"_ _2\"></span>e weig<span class=\"_ _2\"></span>hted </span></span>avera<span class=\"_ _2\"></span>ge nu<span class=\"_ _2\"></span>mber<span class=\"_ _2\"></span> of shar<span class=\"_ _2\"></span>es o<span class=\"_ _2\"></span>utst<span class=\"_ _2\"></span>andi<span class=\"_ _2\"></span>ng dur<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> the ye<span class=\"_ _2\"></span>ar for<span class=\"_ _2\"></span> al<span class=\"ls54 ws70\">l potentially dilutive shares and </span>equi<span class=\"_ _2\"></span>valen<span class=\"_ _2\"></span>ts <span class=\"_ _2\"></span>outst<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>nding<span class=\"_ _2\"></span> dur<span class=\"_ _2\"></span>ing t<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e year<span class=\"_ _2\"></span> us<span class=\"_ _2\"></span>ing t<span class=\"_ _2\"></span>he <span class=\"ls1 ws0\">t<span class=\"ls48 ws32\">reasu<span class=\"_ _2\"></span>ry stock m<span class=\"_ _2\"></span>ethod. <span class=\"_ _2\"></span></span> </span>As furthe<span class=\"_ _2\"></span>r discu<span class=\"_ _2\"></span>ssed in<span class=\"_ _2\"></span> Note<span class=\"ls1 ws0\"> <span class=\"ls31 ws53\">30<span class=\"ff1f5 ls30 ws50\">, Fou<span class=\"_ _2\"></span>nder\u2019<span class=\"_ _2\"></span>s Sh<span class=\"_ _2\"></span>ares<span class=\"_ _2\"></span>, whic<span class=\"_ _2\"></span>h pr<span class=\"_ _2\"></span>ovide<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> hold<span class=\"_ _2\"></span>er t<span class=\"_ _2\"></span>hereof<span class=\"_ _2\"></span> with<span class=\"_ _2\"></span> ce<span class=\"_ _2\"></span>rtain<span class=\"_ _2\"></span> </span></span></span>control<span class=\"_ _2\"></span> fe<span class=\"_ _2\"></span>ature<span class=\"_ _2\"></span>s, o<span class=\"_ _2\"></span>nly p<span class=\"_ _2\"></span>artic<span class=\"_ _2\"></span>ipate<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls30 ws50\">e<span class=\"_ _2\"></span>arni<span class=\"_ _2\"></span>ngs to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> exte<span class=\"_ _2\"></span>nt <span class=\"_ _2\"></span>of $0.0<span class=\"_ _2\"></span>05 p<span class=\"_ _2\"></span>er sh<span class=\"_ _2\"></span>are f<span class=\"_ _2\"></span>or t<span class=\"_ _2\"></span>he ye<span class=\"_ _2\"></span>ars <span class=\"_ _2\"></span>in w<span class=\"_ _2\"></span>hich </span></span>divide<span class=\"_ _2\"></span>nds <span class=\"_ _2\"></span>are de<span class=\"_ _2\"></span>clare<span class=\"_ _2\"></span>d a<span class=\"_ _2\"></span>nd a<span class=\"_ _2\"></span>re li<span class=\"_ _2\"></span>mited<span class=\"_ _2\"></span> to $0<span class=\"_ _2\"></span>.05<span class=\"_ _2\"></span> per s<span class=\"_ _2\"></span>hare<span class=\"_ _2\"></span> upo<span class=\"_ _2\"></span>n liq<span class=\"_ _2\"></span>uida<span class=\"_ _2\"></span>tion.<span class=\"_ _2\"></span> For <span class=\"_ _2\"></span>the p<span class=\"_ _2\"></span>urpo<span class=\"_ _2\"></span>ses<span class=\"_ _2\"></span> of calcul<span class=\"_ _2\"></span>ating<span class=\"_ _2\"></span> EP<span class=\"_ _2\"></span>S, di<span class=\"_ _2\"></span>vidend<span class=\"_ _2\"></span>s p<span class=\"_ _2\"></span>aid o<span class=\"_ _2\"></span>n Fo<span class=\"_ _2\"></span>under\u2019<span class=\"_ _2\"></span>s S<span class=\"_ _2\"></span>hares<span class=\"_ _2\"></span> are de<span class=\"_ _2\"></span>ducte<span class=\"_ _2\"></span>d fr<span class=\"_ _2\"></span>om e<span class=\"_ _2\"></span>arning<span class=\"_ _2\"></span>s to<span class=\"_ _2\"></span> arri<span class=\"_ _2\"></span>ve <span class=\"_ _2\"></span>at ne<span class=\"_ _2\"></span><span class=\"ff1f4 ls55 ws73\">t </span>profi<span class=\"_ _2\"></span>t attrib<span class=\"_ _2\"></span>utab<span class=\"_ _2\"></span>le to<span class=\"_ _2\"></span> <span class=\"ls2f ws75\">holders of </span><span class=\"ff1f5 ws50\">Common <span class=\"_ _2\"></span>Share<span class=\"_ _2\"></span>s. F<span class=\"_ _2\"></span>ounde<span class=\"_ _2\"></span>r\u2019s <span class=\"_ _2\"></span>Share<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> not<span class=\"_ _2\"></span> incl<span class=\"_ _2\"></span>uded<span class=\"_ _2\"></span> in t<span class=\"_ _2\"></span>he basi<span class=\"_ _2\"></span>c o<span class=\"_ _2\"></span>r </span>diluted<span class=\"_ _2\"></span> weig<span class=\"_ _2\"></span>hted<span class=\"_ _2\"></span> ave<span class=\"_ _2\"></span>rage <span class=\"_ _2\"></span>share<span class=\"_ _2\"></span>s out<span class=\"_ _2\"></span>stand<span class=\"_ _2\"></span>ing i<span class=\"_ _2\"></span>n th<span class=\"_ _2\"></span>e c<span class=\"_ _2\"></span>alcul<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>earning<span class=\"_ _2\"></span>s pe<span class=\"_ _2\"></span>r C<span class=\"_ _2\"></span>ommon<span class=\"_ _2\"></span> Share<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-593": {
   "value": "<div class=\"t m0 ha5 ff1fc fs40 fcb sc0 ls1 ws0 gs71e\">32. Reconciliation of Net Profit to Cash Generated from </div><div class=\"t m0 ha5 ff1fc fs40 fcb sc0 ls1 ws0 gs71f\">Operations  </div><div class=\"gs720\"><table class=\"s w157 h174\" id=\"_59776941-5b38-43a9-9935-47af80d5571a\"><tr><td></td><td class=\"t m0 x24a h82 y2f65 ff1fd fs3b fc2 sc0 ls19 ws2d\">For<span class=\"ls1 ws0\"> <span class=\"ls1a ws2e\">the</span> years en<span class=\"_ _2\"></span>ded November <span class=\"ls1b ws2f\">30</span></span><span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td class=\"c x24b y2f66 wf4 h83\"><div class=\"t m0 x0 h82 y1c2f ff1fd fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousa<span class=\"_ _2\"></span>nds</span><span class=\"ls1d ws31\">)</span> </div></td><td class=\"c x28c y2f66 w20 h83\"><div class=\"t m0 x177 h85 y1fa2 ff1fe fs3b fc2 sc0 ls1b ws2f\">2025<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f66 w20 h83\"><div class=\"t m0 x1a0 h82 y1fa2 ff1fd fs3b fc2 sc0 ls1b ws2f\">2024<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f67 wf4 h86\"><div class=\"t m0 x0 h87 y1be4 ff1fe fs3a fc2 sc0 ls2c ws5a\">Net prof<span class=\"_ _1\"></span>it<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2f67 w20 h86\"><div class=\"t m0 x180 h87 y1be4 ff1fe fs3a fc2 sc0 ls21 ws35\">350,<span class=\"_ _2\"></span>156<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f67 w20 h86\"><div class=\"t m0 x181 h88 y1be4 ff1fd fs3a fc2 sc0 ls20 ws36\">394,759<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f68 wf4 h90\"><div class=\"t m0 x0 h87 y1c1a ff1fe fs3a fc2 sc0 ls25 ws4d\">Adjustments to reconcile net profit to net cash from </div><div class=\"t m0 x0 h87 y1c18 ff1fe fs3a fc2 sc0 ls2c ws91\">operating<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2c ws91\">activities:<span class=\"ls1 ws0\"> </span></span></span></div></td><td></td><td></td></tr><tr><td class=\"c x24b y2f69 wf4 h86\"><div class=\"t m0 x19a h88 y1c0a ff1fd fs3a fc2 sc0 ls20 ws34\">Deprec<span class=\"_ _2\"></span>iation<span class=\"_ _2\"></span> of prope<span class=\"_ _2\"></span>rty, plan<span class=\"_ _2\"></span>t an<span class=\"_ _2\"></span>d equipment<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2f69 w20 h86\"><div class=\"t m0 x180 h87 y1c0a ff1fe fs3a fc2 sc0 ls21 ws35\">334,<span class=\"_ _2\"></span>440<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f69 w20 h86\"><div class=\"t m0 x181 h88 y1c0a ff1fd fs3a fc2 sc0 ls20 ws36\">294,416<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f6a wf4 ha4\"><div class=\"t m0 x19a h88 y1c18 ff1fd fs3a fc2 sc0 ls29 ws42\">Amortisatio<span class=\"_ _2\"></span>n of intangi<span class=\"_ _2\"></span>ble asset<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2f6a w20 ha4\"><div class=\"t m0 x185 h87 y1c18 ff1fe fs3a fc2 sc0 ls21 ws35\">6,00<span class=\"_ _2\"></span>8<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f6a w20 ha4\"><div class=\"t m0 x184 h88 y1c18 ff1fd fs3a fc2 sc0 ls20 ws36\">4,341<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f6b wf4 h86\"><div class=\"t m0 x19a h88 y1c3e ff1fd fs3a fc2 sc0 ls24 ws3a\">Finance expense, net<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2f6b w20 h86\"><div class=\"t m0 x180 h87 y1c3e ff1fe fs3a fc2 sc0 ls21 ws35\">133,<span class=\"_ _2\"></span>477<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f6b w20 h86\"><div class=\"t m0 x181 h88 y1c3e ff1fd fs3a fc2 sc0 ls20 ws36\">109,984<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f6c wf4 h89\"><div class=\"t m0 x19a h88 y1c3b ff1fd fs3a fc2 sc0 ls26 ws3d\">Net periodic ben<span class=\"_ _1\"></span>efit expense of defined benefi<span class=\"_ _1\"></span>t <span class=\"_ _2\"></span>pension plans<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2f6c w20 h89\"><div class=\"t m0 x177 h87 y1c3b ff1fe fs3a fc2 sc0 ls21 ws35\">878<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f6c w20 h89\"><div class=\"t m0 x184 h88 y1c3b ff1fd fs3a fc2 sc0 ls20 ws36\">1,067<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f6d wf4 h8c\"><div class=\"t m0 x19a h88 y1c38 ff1fd fs3a fc2 sc0 ls26 ws3d\">Income tax expense <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2f6d w20 h8c\"><div class=\"t m0 x179 h87 y1c38 ff1fe fs3a fc2 sc0 ls23 ws39\">39,749<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f6d w20 h8c\"><div class=\"t m0 x183 h88 y1c38 ff1fd fs3a fc2 sc0 ls20 ws36\">46,356<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f6e wf4 h86\"><div class=\"t m0 x19a h88 y1be8 ff1fd fs3a fc2 sc0 ls22 ws37\">Share of p<span class=\"_ _1\"></span>rofit of joint ventures and associa<span class=\"_ _1\"></span>tes<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2f6e w2b h86\"><div class=\"t m0 x181 h87 y1be8 ff1fe fs3a fc2 sc0 ls21 ws35\">(43,5<span class=\"_ _2\"></span>11)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f6e w25 h86\"><div class=\"t m0 x187 h88 y1be8 ff1fd fs3a fc2 sc0 ls20 ws36\">(62,758)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f6f wf4 h86\"><div class=\"t m0 x19a h88 y1c4c ff1fd fs3a fc2 sc0 ls29 ws42\">Fair value <span class=\"_ _2\"></span>adjustment o<span class=\"_ _2\"></span>n biologic<span class=\"_ _2\"></span>al asset<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2f6f w2b h86\"><div class=\"t m0 x181 h87 y1c4c ff1fe fs3a fc2 sc0 ls21 ws35\">(12,6<span class=\"_ _2\"></span>07)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f6f w20 h86\"><div class=\"t m0 x1a0 h88 y1c4c ff1fd fs3a fc2 sc0 ls20 ws36\">699<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f70 wf4 h8a\"><div class=\"t m0 x19a h88 y1c3f ff1fd fs3a fc2 sc0 ls22 ws37\">Foreign curren<span class=\"_ _1\"></span>cy<span class=\"ls1 ws0\"> <span class=\"ls24 ws3b\">exchange</span> <span class=\"_ _1\"></span><span class=\"ls24 ws3a\">loss (gain), net<span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x28c y2f70 w20 h8a\"><div class=\"t m0 x185 h87 y1c3f ff1fe fs3a fc2 sc0 ls21 ws35\">1,66<span class=\"_ _2\"></span>1<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f70 w25 h8a\"><div class=\"t m0 x47 h88 y1c3f ff1fd fs3a fc2 sc0 ls20 ws36\">(277)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f71 wf4 h86\"><div class=\"t m0 x19a h88 y1c4c ff1fd fs3a fc2 sc0 ls7e ws3c\">Gain o<span class=\"_ _2\"></span>n st<span class=\"_ _2\"></span>ep<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _3\"></span><span class=\"ls8d wsea\">up acqui<span class=\"_ _1\"></span>sition<span class=\"_ _1\"></span> of Aveni<span class=\"_ _1\"></span>r <span class=\"_ _2\"></span>LNG L<span class=\"_ _1\"></span>td and Hass<span class=\"_ _1\"></span>el Shipp<span class=\"_ _1\"></span>ing <span class=\"ls1 ws0\">4<span class=\"_ _1\"></span> <span class=\"_ _1\"></span><span class=\"ls8e wseb\">A.S.</span></span></span></span><span class=\"ls1 ws0\"><span class=\"ls8d wsea\"><span class=\"ls1 ws0\"><span class=\"ls8e wseb\"><span class=\"_ _2\"></span> <span class=\"_ _3\"></span><span class=\"ls1 ws0\"> </span></span></span></span></span></div></td><td class=\"c x28c y2f71 w2b h86\"><div class=\"t m0 x181 h87 y1c4c ff1fe fs3a fc2 sc0 ls21 ws35\">(75,1<span class=\"_ _2\"></span>90)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f71 w20 h86\"><div class=\"t m0 x2d h88 y1c4c ff1ff fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff1fd\"> </span></div></td></tr><tr><td class=\"c x24b y2f72 wf4 h86\"><div class=\"t m0 x19a h88 y1bef ff1fd fs3a fc2 sc0 ls24 ws3b\">Gain <span class=\"_ _1\"></span><span class=\"ls25 ws3c\">on d<span class=\"_ _2\"></span>isposal of assets,<span class=\"_ _2\"></span> net</span><span class=\"ls25 ws3c\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x28c y2f72 w2b h86\"><div class=\"t m0 x1ce h87 y1bef ff1fe fs3a fc2 sc0 ls21 ws35\">(520)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f72 w25 h86\"><div class=\"t m0 x186 h88 y1bef ff1fd fs3a fc2 sc0 ls20 ws36\">(7,485)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f73 wf4 h8a\"><div class=\"t m0 x0 h87 y1bf1 ff1fe fs3a fc2 sc0 ls2c ws5a\">Changes in asse<span class=\"_ _1\"></span>ts and liabilities:<span class=\"ls1 ws0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x24b y2f74 wf4 h86\"><div class=\"t m0 x19a h88 y1bfa ff1fd fs3a fc2 sc0 ls26 ws3d\">Decrease (increa<span class=\"_ _1\"></span>se) <span class=\"ls29 ws42\">in re<span class=\"_ _2\"></span>ceivables<span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x28c y2f74 w20 h86\"><div class=\"t m0 x179 h87 y1bfa ff1fe fs3a fc2 sc0 ls23 ws39\">75,562<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f74 w25 h86\"><div class=\"t m0 x187 h88 y1bfa ff1fd fs3a fc2 sc0 ls20 ws36\">(36,653)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f75 wf4 h8b\"><div class=\"t m0 x19a h88 y1c50 ff1fd fs3a fc2 sc0 ls26 ws47\">Decrease <span class=\"_ _1\"></span><span class=\"ls29 ws42\">in invent<span class=\"_ _2\"></span>ories</span><span class=\"ls29 ws42\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x28c y2f75 w20 h8b\"><div class=\"t m0 x177 h87 y1c50 ff1fe fs3a fc2 sc0 ls21 ws35\">636<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f75 w20 h8b\"><div class=\"t m0 x1a0 h88 y1c50 ff1fd fs3a fc2 sc0 ls20 ws36\">624<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f76 wf4 h8c\"><div class=\"t m0 x19a h88 y1bf6 ff1fd fs3a fc2 sc0 ls26 ws3d\">(Increase) d<span class=\"_ _1\"></span>ecrease <span class=\"ls29 ws42\">in bio<span class=\"_ _2\"></span>logical ass<span class=\"_ _2\"></span>ets<span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x28c y2f76 w2b h8c\"><div class=\"t m0 x179 h87 y1bf6 ff1fe fs3a fc2 sc0 ls21 ws35\">(2,43<span class=\"_ _2\"></span>5)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f76 w20 h8c\"><div class=\"t m0 x1a0 h88 y1bf6 ff1fd fs3a fc2 sc0 ls20 ws36\">208<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f77 wf4 h86\"><div class=\"t m0 x19a h88 y1bf8 ff1fd fs3a fc2 sc0 ls26 ws3d\">(Increase) d<span class=\"_ _1\"></span>ecrease in prepaid expenses and<span class=\"_ _1\"></span> other current assets<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2f77 w2b h86\"><div class=\"t m0 x179 h87 y1bf8 ff1fe fs3a fc2 sc0 ls21 ws35\">(2,07<span class=\"_ _2\"></span>6)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f77 w20 h86\"><div class=\"t m0 x183 h88 y1bf8 ff1fd fs3a fc2 sc0 ls20 ws36\">25,633<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f78 wf4 h86\"><div class=\"t m0 x19a h88 y1bde ff1fd fs3a fc2 sc0 ls26 ws3d\">(Decrease) in<span class=\"_ _1\"></span>crease <span class=\"ls29 ws42\">in acc<span class=\"_ _2\"></span>ounts pay<span class=\"_ _2\"></span>able and ot<span class=\"_ _2\"></span>her cur<span class=\"_ _2\"></span>rent liabilitie<span class=\"_ _2\"></span>s<span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x28c y2f78 w2b h86\"><div class=\"t m0 x181 h87 y1bde ff1fe fs3a fc2 sc0 ls21 ws35\">(75,3<span class=\"_ _2\"></span>07)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f78 w20 h86\"><div class=\"t m0 x183 h88 y1bde ff1fd fs3a fc2 sc0 ls20 ws36\">10,972<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f79 wf4 h8a\"><div class=\"t m0 x0 h88 y1be0 ff1fd fs3a fc2 sc0 ls24 ws3a\">Contributions to defined benefit pens<span class=\"_ _2\"></span>ion plans<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2f79 w2b h8a\"><div class=\"t m0 x179 h87 y1be0 ff1fe fs3a fc2 sc0 ls21 ws35\">(1,62<span class=\"_ _2\"></span>9)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f79 w25 h8a\"><div class=\"t m0 x186 h88 y1be0 ff1fd fs3a fc2 sc0 ls20 ws36\">(1,642)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f7a wf4 h86\"><div class=\"t m0 x0 h88 y1bde ff1fd fs3a fc2 sc0 ls24 ws3a\">Payment of the <span class=\"ff200 ls25 ws42\">MSC Flaminia</span><span class=\"ls1 ws0\"> <span class=\"ls22 ws3e\">provi<span class=\"_ _1\"></span>s<span class=\"_ _2\"></span>ion</span></span><span class=\"ls1 ws0\"><span class=\"ls22 ws3e\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x28c y2f7a w20 h86\"><div class=\"t m0 x2d h87 y1bde ff201 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"_ _1\"></span><span class=\"ff1fe\"> </span></div></td><td class=\"c x24e y2f7a w25 h86\"><div class=\"t m0 x17f h88 y1bde ff1fd fs3a fc2 sc0 ls20 ws36\">(290,000)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f7b wf4 h86\"><div class=\"t m0 x0 h88 y1c05 ff1fd fs3a fc2 sc0 ls24 ws3a\">Dividends from joint ventures and as<span class=\"_ _2\"></span>sociates<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2f7b w20 h86\"><div class=\"t m0 x179 h87 y1c05 ff1fe fs3a fc2 sc0 ls23 ws39\">33,352<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f7b w20 h86\"><div class=\"t m0 x183 h88 y1c05 ff1fd fs3a fc2 sc0 ls20 ws36\">53,808<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f7c wf4 h8a\"><div class=\"t m0 x0 h88 y1be6 ff1fd fs3a fc2 sc0 ls24 ws3a\">Other, net<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2f7c w2b h8a\"><div class=\"t m0 x179 h87 y1be6 ff1fe fs3a fc2 sc0 ls21 ws35\">(2,58<span class=\"_ _2\"></span>2)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f7c w25 h8a\"><div class=\"t m0 x47 h88 y1be6 ff1fd fs3a fc2 sc0 ls20 ws36\">(173)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f7d wf4 h8a\"><div class=\"t m0 x0 h87 y1c18 ff1fe fs3a fc2 sc0 ls21 ws38\">Cash<span class=\"_ _2\"></span> gene<span class=\"_ _2\"></span>rated<span class=\"_ _2\"></span> from<span class=\"_ _2\"></span> ope<span class=\"_ _2\"></span>ratio<span class=\"_ _2\"></span>ns <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x28c y2f7d w20 h8a\"><div class=\"t m0 x180 h87 y1c18 ff1fe fs3a fc2 sc0 ls21 ws35\">760,<span class=\"_ _2\"></span>062<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f7d w20 h8a\"><div class=\"t m0 x181 h88 y1c18 ff1fd fs3a fc2 sc0 ls20 ws36\">543,879<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashFlowStatementExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-594": {
   "value": "<div class=\"t m0 ha5 ff1fc fs40 fcb sc0 ls1 ws0 gs722\">33<span class=\"ls79 wsa2\">. </span>Business Combinations </div><div class=\"t m0 ha6 ff1fe fs3c fcb sc0 ls5a wsb4 gs723\">Acco<span class=\"_ _2\"></span>unti<span class=\"_ _2\"></span>ng po<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>cy<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 hac ff200 fs39 fc2 sc0 ls49 wsaa gs724\">Busi<span class=\"_ _2\"></span>ness<span class=\"_ _2\"></span> com<span class=\"_ _2\"></span>binat<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>s ar<span class=\"_ _2\"></span>e ac<span class=\"_ _2\"></span>co<span class=\"_ _2\"></span>unted<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span> usi<span class=\"_ _2\"></span>ng t<span class=\"_ _2\"></span>he p<span class=\"_ _2\"></span>urch<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span> acc<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span>ing m<span class=\"_ _2\"></span>eth<span class=\"_ _2\"></span>od. <span class=\"_ _2\"></span><span class=\"ls54 ws70\">This involves </span></div><div class=\"t m0 hac ff200 fs39 fc2 sc0 ls54 ws70 gs725\">recognising identifiable assets (including previously unrecognised intangible assets) a<span class=\"_ _2\"></span>nd liabilities </div><div class=\"t m0 hac ff200 fs39 fc2 sc0 ls49 wsaa gs726\">(incl<span class=\"_ _2\"></span>udi<span class=\"_ _2\"></span>ng co<span class=\"_ _2\"></span>nti<span class=\"_ _2\"></span>nge<span class=\"_ _2\"></span>nt li<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>iti<span class=\"_ _2\"></span>es <span class=\"_ _2\"></span>and ex<span class=\"_ _2\"></span>clud<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> fut<span class=\"_ _2\"></span>ure r<span class=\"_ _2\"></span>est<span class=\"_ _2\"></span>ruct<span class=\"_ _2\"></span>uri<span class=\"_ _2\"></span>ng) <span class=\"_ _2\"></span>of th<span class=\"_ _2\"></span>e ac<span class=\"_ _2\"></span>quir<span class=\"_ _2\"></span>ed b<span class=\"_ _2\"></span>usi<span class=\"_ _2\"></span>nes<span class=\"_ _2\"></span>s at f<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span> </div><div class=\"t m0 hac ff200 fs39 fc2 sc0 ls73 wsb6 gs727\">va<span class=\"_ _1\"></span>lue<span class=\"_ _1\"></span>. The co<span class=\"_ _1\"></span>st o<span class=\"_ _1\"></span>f the a<span class=\"_ _1\"></span>cqui<span class=\"_ _1\"></span>sit<span class=\"_ _1\"></span>ion is<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> <span class=\"ls49 wsaa\">mea<span class=\"_ _2\"></span>sured<span class=\"_ _2\"></span> at t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> aggr<span class=\"_ _2\"></span>egat<span class=\"_ _2\"></span>e of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span>s, at<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> dat<span class=\"_ _2\"></span>e o<span class=\"_ _2\"></span>f </span></span></div><div class=\"t m0 hac ff200 fs39 fc2 sc0 ls49 wsaa gs728\">exch<span class=\"_ _2\"></span>ange,<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>asse<span class=\"_ _2\"></span>ts <span class=\"_ _2\"></span>give<span class=\"_ _2\"></span>n, li<span class=\"_ _2\"></span>abi<span class=\"_ _2\"></span>liti<span class=\"_ _2\"></span>es i<span class=\"_ _2\"></span>nc<span class=\"_ _2\"></span>urred<span class=\"_ _2\"></span> or<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>umed<span class=\"_ _2\"></span>, and<span class=\"_ _2\"></span> eq<span class=\"_ _2\"></span>uit<span class=\"_ _2\"></span>y ins<span class=\"_ _2\"></span>trum<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>s is<span class=\"_ _2\"></span>sued <span class=\"_ _2\"></span>by t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up </div><div class=\"t m0 hac ff202 fs39 fc2 sc0 ls54 ws70 gs729\">in exchange for control of the <span class=\"_ _2\"></span>acquiree. The acquiree\u2019s identifiable <span class=\"_ _2\"></span>assets, liabilities an<span class=\"ff200 ls61 wsb5\">d contingent </span></div><div class=\"t m0 hac ff200 fs39 fc2 sc0 ls49 ws7c gs72a\">liabi<span class=\"_ _2\"></span>lit<span class=\"_ _2\"></span>ies ar<span class=\"_ _2\"></span>e rec<span class=\"_ _2\"></span>ogni<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span> at thei<span class=\"_ _2\"></span>r fair<span class=\"_ _2\"></span> value<span class=\"_ _2\"></span>s at<span class=\"_ _2\"></span> the acq<span class=\"_ _2\"></span>uisit<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> date.<span class=\"_ _2\"></span> Any no<span class=\"_ _2\"></span>n<span class=\"ls1 ws0\">-<span class=\"ls54 ws70\">controlling interest in the </span></span></div><div class=\"t m0 hac ff202 fs39 fc2 sc0 ls54 ws70 gs72b\">acquiree is initially measured at the interest\u2019s proportion of t<span class=\"_ _2\"></span>he net fair value <span class=\"_ _2\"></span>of the assets, liabilities </div><div class=\"t m0 hac ff200 fs39 fc2 sc0 ls49 wsaa gs72c\">and co<span class=\"_ _2\"></span>nti<span class=\"_ _2\"></span>nge<span class=\"_ _2\"></span>nt li<span class=\"_ _2\"></span>abil<span class=\"_ _2\"></span>iti<span class=\"_ _2\"></span>e<span class=\"ls2f ws2f\">s recog<span class=\"_ _2\"></span>nised. Acqui<span class=\"_ _2\"></span>sitions from n<span class=\"_ _2\"></span>on<span class=\"ls1 ws0\">-</span></span>contr<span class=\"_ _2\"></span>oll<span class=\"_ _2\"></span>ing i<span class=\"_ _2\"></span>nter<span class=\"_ _2\"></span>est<span class=\"_ _2\"></span>s are<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>nsid<span class=\"_ _2\"></span>ered<span class=\"_ _2\"></span> </div><div class=\"t m0 hac ff200 fs39 fc2 sc0 ls49 wsaa gs72d\">tra<span class=\"_ _2\"></span>nsacti<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>s wit<span class=\"_ _2\"></span>h s<span class=\"_ _2\"></span>hare<span class=\"_ _2\"></span>holde<span class=\"_ _2\"></span>rs<span class=\"_ _2\"></span> and d<span class=\"_ _2\"></span>ecr<span class=\"_ _2\"></span>eas<span class=\"_ _2\"></span>es or<span class=\"_ _2\"></span> inc<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>ases b<span class=\"_ _2\"></span>etw<span class=\"_ _2\"></span>een t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> cos<span class=\"_ _2\"></span>t a<span class=\"_ _2\"></span>nd t<span class=\"_ _2\"></span>he net<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue<span class=\"_ _2\"></span> are </div><div class=\"t m0 hac ff202 fs39 fc2 sc0 ls2f ws2f gs72e\">recorded directly<span class=\"_ _2\"></span> in shareholde<span class=\"_ _2\"></span>rs\u2019 equity.<span class=\"_ _2\"></span><span class=\"ff200 ls1 ws0\"> </span></div><div class=\"t m0 hac ff200 fs39 fc2 sc0 ls49 wsaa gs72f\">Upon <span class=\"_ _2\"></span>obtai<span class=\"_ _2\"></span>ni<span class=\"_ _2\"></span>ng c<span class=\"_ _2\"></span>ontr<span class=\"_ _2\"></span>ol <span class=\"_ _2\"></span>over <span class=\"_ _2\"></span>a joi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t vent<span class=\"_ _2\"></span>ure<span class=\"_ _2\"></span> or<span class=\"_ _2\"></span> asso<span class=\"_ _2\"></span>ciat<span class=\"_ _2\"></span>e t<span class=\"_ _2\"></span>hroug<span class=\"_ _2\"></span>h t<span class=\"_ _2\"></span>he ac<span class=\"_ _2\"></span>qui<span class=\"_ _2\"></span>siti<span class=\"_ _2\"></span>on o<span class=\"_ _2\"></span>f ad<span class=\"_ _2\"></span>diti<span class=\"_ _2\"></span>onal<span class=\"_ _2\"></span> s<span class=\"_ _2\"></span>hares<span class=\"_ _2\"></span>, </div><div class=\"t m0 hac ff200 fs39 fc2 sc0 ls49 ws7c gs730\">the Gro<span class=\"_ _2\"></span>up co<span class=\"_ _2\"></span>nsol<span class=\"_ _2\"></span>id<span class=\"_ _2\"></span>ates t<span class=\"_ _2\"></span>he enti<span class=\"_ _2\"></span>ty i<span class=\"_ _2\"></span>n acco<span class=\"_ _2\"></span>rdanc<span class=\"_ _2\"></span>e wi<span class=\"_ _2\"></span>th IFRS<span class=\"_ _2\"></span> 10, <span class=\"wsaa\">C<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span>olidat<span class=\"_ _2\"></span>ed<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nanci<span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>stat<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>nts<span class=\"ls61 ws89\">. <span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 hac ff200 fs39 fc2 sc0 ls49 wsaa gs731\">The p<span class=\"_ _2\"></span>revi<span class=\"_ _2\"></span>ousl<span class=\"_ _2\"></span>y h<span class=\"_ _2\"></span>eld <span class=\"_ _2\"></span>equi<span class=\"_ _2\"></span>ty i<span class=\"_ _2\"></span>nter<span class=\"_ _2\"></span>est<span class=\"_ _2\"></span> is r<span class=\"_ _2\"></span>eme<span class=\"_ _2\"></span>asur<span class=\"_ _2\"></span>ed at<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span>, wit<span class=\"_ _2\"></span>h <span class=\"_ _2\"></span>any re<span class=\"_ _2\"></span>sul<span class=\"_ _2\"></span>ting<span class=\"_ _2\"></span> gai<span class=\"_ _2\"></span>n or<span class=\"_ _2\"></span> lo<span class=\"_ _2\"></span>ss </div><div class=\"t m0 hac ff200 fs39 fc2 sc0 ls53 ws0 gs732\">recog<span class=\"_ _2\"></span>nised i<span class=\"_ _2\"></span>n prof<span class=\"_ _2\"></span>it or<span class=\"_ _2\"></span> loss.<span class=\"_ _2\"></span> <span class=\"ls1\"> </span></div><div class=\"t m0 h98 ff1fd fs39 fc2 sc0 ls30 ws50 gs733\">The me<span class=\"_ _2\"></span>asurem<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span> of a<span class=\"_ _2\"></span>sset<span class=\"_ _2\"></span>s and<span class=\"_ _2\"></span> liabi<span class=\"_ _2\"></span>litie<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>at fa<span class=\"_ _2\"></span>ir v<span class=\"_ _2\"></span>alue <span class=\"_ _2\"></span>requi<span class=\"_ _2\"></span>res <span class=\"_ _2\"></span>assum<span class=\"_ _2\"></span>ptions<span class=\"_ _2\"></span> to<span class=\"_ _2\"></span> be m<span class=\"_ _2\"></span>ade w<span class=\"_ _2\"></span>hich <span class=\"_ _2\"></span>are<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff1fd fs39 fc2 sc0 ls30 ws50 gs734\">inhere<span class=\"_ _2\"></span>ntly<span class=\"_ _2\"></span> sub<span class=\"_ _2\"></span>ject t<span class=\"_ _2\"></span>o e<span class=\"_ _2\"></span>stima<span class=\"_ _2\"></span>tion <span class=\"_ _2\"></span>uncert<span class=\"_ _2\"></span>ainty<span class=\"_ _2\"></span>. See<span class=\"_ _2\"></span> Note<span class=\"_ _2\"></span> 2<span class=\"_ _2\"></span>, Busi<span class=\"_ _2\"></span>ness A<span class=\"_ _2\"></span>cqui<span class=\"_ _2\"></span>sitio<span class=\"_ _2\"></span>ns, <span class=\"_ _2\"></span>for d<span class=\"_ _2\"></span>etail<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff1fd fs39 fc2 sc0 ls30 ws50 gs735\">estima<span class=\"_ _2\"></span>tes a<span class=\"_ _2\"></span>nd und<span class=\"_ _2\"></span>erly<span class=\"_ _2\"></span>ing <span class=\"_ _2\"></span>assum<span class=\"_ _2\"></span>pti<span class=\"_ _2\"></span>ons m<span class=\"_ _2\"></span>ade wi<span class=\"_ _2\"></span>th re<span class=\"_ _2\"></span>spec<span class=\"_ _2\"></span>t to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> b<span class=\"_ _2\"></span>elow b<span class=\"_ _2\"></span>usine<span class=\"_ _2\"></span>ss ac<span class=\"_ _2\"></span>quisi<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>ns.<span class=\"ls1 ws0\"> </span></div>Acquis<span class=\"_ _2\"></span>ition of<span class=\"_ _2\"></span> <span class=\"ls5e ws93\">53.0<span class=\"_ _2\"></span><span class=\"ls5a wsd5\">% of A<span class=\"_ _2\"></span>ve<span class=\"_ _2\"></span>nir<span class=\"ls1 ws0\"> </span></span></span>On Ja<span class=\"_ _2\"></span>nuary<span class=\"_ _2\"></span> 27<span class=\"_ _2\"></span>, 2025<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up e<span class=\"_ _2\"></span>ntered<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>o a <span class=\"_ _2\"></span>share<span class=\"_ _2\"></span> purch<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span> agree<span class=\"_ _2\"></span>ment (<span class=\"_ _2\"></span>the<span class=\"_ _2\"></span> SPA)<span class=\"_ _2\"></span> to <span class=\"_ _2\"></span>acqui<span class=\"_ _2\"></span>re t<span class=\"_ _2\"></span>he 46.9% <span class=\"_ _2\"></span>of A<span class=\"_ _2\"></span>venir<span class=\"_ _2\"></span> ow<span class=\"_ _2\"></span>ned by<span class=\"_ _2\"></span> Gola<span class=\"_ _2\"></span>r and<span class=\"_ _2\"></span> Hoeg<span class=\"_ _2\"></span>h\u2019s <span class=\"_ _2\"></span>owners<span class=\"_ _2\"></span>hip i<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>rests<span class=\"_ _2\"></span> (the <span class=\"_ _2\"></span>Ave<span class=\"_ _2\"></span>nir T<span class=\"_ _2\"></span>ransac<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n). The<span class=\"_ _2\"></span> Aveni<span class=\"_ _2\"></span>r Tran<span class=\"_ _2\"></span>sact<span class=\"_ _2\"></span>ion w<span class=\"_ _2\"></span>as c<span class=\"_ _2\"></span>omple<span class=\"_ _2\"></span>ted o<span class=\"_ _2\"></span>n Feb<span class=\"_ _2\"></span>rua<span class=\"_ _2\"></span>ry 6,<span class=\"_ _2\"></span> 2025<span class=\"_ _2\"></span>. Unde<span class=\"_ _2\"></span>r th<span class=\"_ _2\"></span>e te<span class=\"_ _2\"></span>r<span class=\"ws4f\">ms of<span class=\"_ _2\"></span> the SPA<span class=\"_ _2\"></span>, the Gro<span class=\"_ _2\"></span>up </span>acqui<span class=\"_ _2\"></span>red th<span class=\"_ _2\"></span>e sha<span class=\"_ _2\"></span>res f<span class=\"_ _2\"></span>or $<span class=\"_ _2\"></span>1.00<span class=\"_ _2\"></span>/share<span class=\"_ _2\"></span> or <span class=\"_ _2\"></span>approx<span class=\"_ _2\"></span>imate<span class=\"_ _2\"></span>ly $<span class=\"_ _2\"></span>79.6<span class=\"_ _2\"></span> mil<span class=\"_ _2\"></span>lion. <span class=\"_ _2\"></span>Afte<span class=\"_ _2\"></span>r the<span class=\"_ _2\"></span> <span class=\"ws4f\">A<span class=\"_ _2\"></span>venir T<span class=\"_ _2\"></span><span class=\"ws52\">ransac<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>, </span></span>the G<span class=\"_ _2\"></span>roup <span class=\"_ _2\"></span>has <span class=\"_ _2\"></span>acqui<span class=\"_ _2\"></span>red a<span class=\"_ _2\"></span>n add<span class=\"_ _2\"></span>itiona<span class=\"_ _2\"></span>l 1.9<span class=\"_ _2\"></span>% of<span class=\"_ _2\"></span> Ave<span class=\"_ _2\"></span>nir s<span class=\"_ _2\"></span>hares<span class=\"_ _2\"></span> from<span class=\"_ _2\"></span> othe<span class=\"_ _2\"></span>r Ave<span class=\"_ _2\"></span>nir<span class=\"_ _2\"></span> share<span class=\"_ _2\"></span>holde<span class=\"_ _2\"></span>rs <span class=\"_ _2\"></span>at $1.00<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls47 ws82\">per share<span class=\"_ _1\"></span>. <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span>On Ma<span class=\"_ _2\"></span>rch 5<span class=\"_ _2\"></span>, 202<span class=\"_ _2\"></span>5, t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup l<span class=\"_ _2\"></span>aunc<span class=\"_ _2\"></span>hed a<span class=\"_ _2\"></span> comp<span class=\"_ _2\"></span>ulso<span class=\"_ _2\"></span>ry of<span class=\"_ _2\"></span>fer f<span class=\"_ _2\"></span>or t<span class=\"_ _2\"></span>he re<span class=\"_ _2\"></span>maini<span class=\"_ _2\"></span>ng 4<span class=\"_ _2\"></span>.2%<span class=\"_ _2\"></span> of Av<span class=\"_ _2\"></span>enir <span class=\"_ _2\"></span>share<span class=\"_ _2\"></span>s at $1<span class=\"_ _2\"></span>.00 pe<span class=\"_ _2\"></span>r sha<span class=\"_ _2\"></span>re, w<span class=\"_ _2\"></span>hich<span class=\"_ _2\"></span> wa<span class=\"_ _2\"></span>s com<span class=\"_ _2\"></span>pleted<span class=\"_ _2\"></span> in Ap<span class=\"_ _2\"></span>ril<span class=\"_ _2\"></span> 2025<span class=\"_ _2\"></span>. This<span class=\"_ _2\"></span> pu<span class=\"_ _2\"></span>rchase w<span class=\"_ _2\"></span>as<span class=\"_ _2\"></span> acco<span class=\"_ _2\"></span>unted<span class=\"_ _2\"></span> for <span class=\"_ _2\"></span>as a<span class=\"_ _2\"></span> trans<span class=\"_ _2\"></span>action<span class=\"_ _2\"></span> betw<span class=\"_ _2\"></span>een <span class=\"_ _2\"></span>share<span class=\"_ _2\"></span>holde<span class=\"_ _2\"></span>rs an<span class=\"_ _2\"></span>d a $<span class=\"_ _2\"></span>1.1<span class=\"_ _2\"></span> milli<span class=\"_ _2\"></span>on l<span class=\"_ _2\"></span>oss <span class=\"_ _2\"></span>has be<span class=\"_ _2\"></span>en <span class=\"_ _2\"></span>re<span class=\"ls2f ws70\">cognised<span class=\"_ _2\"></span> in ret<span class=\"_ _2\"></span>ained earnings </span>on the<span class=\"_ _2\"></span> de<span class=\"_ _2\"></span>recog<span class=\"_ _2\"></span>nition<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he no<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">con<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>rolling interest<span class=\"_ _2\"></span> as the c<span class=\"_ _2\"></span>ash paid <span class=\"_ _2\"></span>out was $7.5<span class=\"_ _2\"></span> million<span class=\"ls50 ws7d\">. <span class=\"ls1 ws0\"> </span></span></span></span>The Gr<span class=\"_ _2\"></span>oup\u2019s<span class=\"_ _2\"></span> pu<span class=\"_ _2\"></span>rpose<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>acqui<span class=\"_ _2\"></span>ring<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>remai<span class=\"_ _2\"></span>ning<span class=\"_ _2\"></span> share<span class=\"_ _2\"></span>s of<span class=\"_ _2\"></span> Aveni<span class=\"_ _2\"></span>r w<span class=\"_ _2\"></span>as to<span class=\"_ _2\"></span> stre<span class=\"_ _2\"></span>ngth<span class=\"_ _2\"></span>en its<span class=\"_ _2\"></span> pos<span class=\"_ _2\"></span>ition<span class=\"_ _2\"></span> in the L<span class=\"_ _2\"></span>NG se<span class=\"_ _2\"></span>ctor <span class=\"_ _2\"></span>and id<span class=\"_ _2\"></span>enti<span class=\"_ _2\"></span>fy mo<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span> sust<span class=\"_ _2\"></span>ainabl<span class=\"_ _2\"></span>e ene<span class=\"_ _2\"></span>rgy <span class=\"_ _2\"></span>soluti<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span>.<span class=\"ls1 ws0\"> </span>The re<span class=\"_ _2\"></span>ported<span class=\"_ _2\"></span> pu<span class=\"_ _2\"></span>rchase<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>nside<span class=\"_ _2\"></span>ratio<span class=\"_ _2\"></span>n, f<span class=\"_ _2\"></span>air <span class=\"_ _2\"></span>values<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> purch<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span> pric<span class=\"_ _2\"></span>e alloc<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on a<span class=\"_ _2\"></span>re pre<span class=\"_ _2\"></span>limi<span class=\"_ _2\"></span>nar<span class=\"_ _2\"></span>y and sub<span class=\"_ _2\"></span>ject<span class=\"_ _2\"></span> to c<span class=\"_ _2\"></span>hang<span class=\"_ _2\"></span>e. As<span class=\"_ _2\"></span> perm<span class=\"_ _2\"></span>itted<span class=\"_ _2\"></span> und<span class=\"_ _2\"></span>er I<span class=\"_ _2\"></span>FRS 3<span class=\"_ _2\"></span>, if<span class=\"_ _2\"></span> new i<span class=\"_ _2\"></span>nfo<span class=\"_ _2\"></span>rmatio<span class=\"_ _2\"></span>n ob<span class=\"_ _2\"></span>tained<span class=\"_ _2\"></span> wit<span class=\"_ _2\"></span>hin o<span class=\"_ _2\"></span>ne ye<span class=\"_ _2\"></span>ar o<span class=\"_ _2\"></span>f the date<span class=\"_ _2\"></span> of acqu<span class=\"_ _2\"></span>isiti<span class=\"_ _2\"></span>on abou<span class=\"_ _2\"></span>t fac<span class=\"_ _2\"></span>ts and ci<span class=\"_ _2\"></span>rcums<span class=\"_ _2\"></span>tance<span class=\"_ _2\"></span>s that e<span class=\"ls53 ws7d\">x<span class=\"_ _2\"></span>iste<span class=\"_ _2\"></span>d at the da<span class=\"_ _2\"></span>te of acq<span class=\"_ _2\"></span>uisitio<span class=\"_ _2\"></span>n </span>identi<span class=\"_ _2\"></span>fies<span class=\"_ _2\"></span> adjus<span class=\"_ _2\"></span>tmen<span class=\"_ _2\"></span>ts to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> bel<span class=\"_ _2\"></span>ow amo<span class=\"_ _2\"></span>unts<span class=\"_ _2\"></span>, or<span class=\"_ _2\"></span> any<span class=\"_ _2\"></span> addi<span class=\"_ _2\"></span>tional<span class=\"_ _2\"></span> pr<span class=\"_ _2\"></span>ovision<span class=\"_ _2\"></span>s th<span class=\"_ _2\"></span>at ex<span class=\"_ _2\"></span>isted<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> the d<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span> of acqui<span class=\"_ _2\"></span>sition<span class=\"_ _2\"></span>, th<span class=\"_ _2\"></span>en t<span class=\"_ _2\"></span>he acc<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span>ing <span class=\"_ _2\"></span>for t<span class=\"_ _2\"></span>his<span class=\"_ _2\"></span> acqui<span class=\"_ _2\"></span>sitio<span class=\"_ _2\"></span>n wi<span class=\"_ _2\"></span>ll be<span class=\"_ _2\"></span> revi<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span><span class=\"ls4c ws79\">. <span class=\"ls1 ws0\"> </span></span>The f<span class=\"_ _2\"></span>ollowi<span class=\"_ _2\"></span>ng tab<span class=\"_ _2\"></span>le s<span class=\"_ _2\"></span>umma<span class=\"_ _2\"></span>rise<span class=\"_ _2\"></span>s the<span class=\"_ _2\"></span> preli<span class=\"_ _2\"></span>mina<span class=\"_ _2\"></span>ry c<span class=\"_ _2\"></span>onsid<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ion t<span class=\"_ _2\"></span>ra<span class=\"_ _2\"></span>nsferre<span class=\"_ _2\"></span>d t<span class=\"_ _2\"></span>o acqu<span class=\"_ _2\"></span>ire<span class=\"_ _2\"></span> Aveni<span class=\"_ _2\"></span>r and<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e amounts of ide<span class=\"_ _2\"></span>ntified assets<span class=\"_ _2\"></span> acquired a<span class=\"_ _2\"></span>nd liabilitie<span class=\"_ _2\"></span>s assumed <span class=\"_ _2\"></span>at the acqui<span class=\"_ _2\"></span>sition date.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><table class=\"s w157 h176\" id=\"_0a2a738b-cd11-4b73-bca9-3abf6a2c0c3b\"><tr><td class=\"c x246 y2f8e w1cf h121\"><div class=\"t m0 x245 h82 y29a6 ff206 fs3b fc2 sc0 ls1 ws0\">(in<span class=\"_ _195\"> </span></div><div class=\"t m0 x2b9 h82 y29a7 ff206 fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ thousands<span class=\"ls1d ws31\">)<span class=\"_ _195\"> </span></span></div></td><td></td></tr><tr><td class=\"c x24b y2f8f wfa h8c\"><div class=\"t m0 x0 h88 y1bf6 ff206 fs3a fc2 sc0 ls22 ws37\">Cash consid<span class=\"_ _1\"></span>eration for equi<span class=\"_ _1\"></span>ty<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f8f w20 h8c\"><div class=\"t m0 x183 h88 y1bf6 ff206 fs3a fc2 sc0 ls20 ws36\">81,905<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f90 wfa h89\"><div class=\"t m0 x0 h88 y1c50 ff206 fs3a fc2 sc0 ls22 ws37\">Share of clos<span class=\"_ _1\"></span>ing net debt and sharehold<span class=\"_ _1\"></span>er loan to SNL <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f90 w20 h89\"><div class=\"t m0 x183 h88 y1c50 ff206 fs3a fc2 sc0 ls20 ws36\">75,021<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f91 wfa h86\"><div class=\"t m0 x0 h88 y1bde ff206 fs3a fc2 sc0 ls22 ws37\">Share of worki<span class=\"_ _1\"></span>ng capital<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f91 w2b h86\"><div class=\"t m0 x186 h88 y1bde ff206 fs3a fc2 sc0 ls20 ws36\">(1,518)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f92 wfa h86\"><div class=\"t m0 x0 h88 y1c05 ff206 fs3a fc2 sc0 ls29 ws42\">Total con<span class=\"_ _2\"></span>sideration<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2f92 w20 h86\"><div class=\"t m0 x181 h88 y1c05 ff206 fs3a fc2 sc0 ls20 ws36\">155,408<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f93 wfa h86\"><div class=\"t m0 x0 h88 y1be4 ff207 fs3a fc2 sc0 ls24 ws3a\">Fair value of the Group\u2019s investment i<span class=\"_ _2\"></span>n Avenir before the business com<span class=\"_ _2\"></span>bination<span class=\"ff206 ls1 ws0\"> </span></div></td><td class=\"c x24e y2f93 w20 h86\"><div class=\"t m0 x183 h88 y1be4 ff206 fs3a fc2 sc0 ls20 ws36\">77,951<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f94 wfa h86\"><div class=\"t m0 x0 h88 y1be2 ff206 fs3a fc2 sc0 ls22 ws3e\">Non<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls29 ws42\">co<span class=\"_ _2\"></span>ntrolling inter<span class=\"_ _2\"></span>est</span></span><span class=\"ls1 ws0\"><span class=\"ls29 ws42\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x24e y2f94 w20 h86\"><div class=\"t m0 x184 h88 y1be2 ff206 fs3a fc2 sc0 ls20 ws36\">6,350<span class=\"ls1 ws0\"> </span></div></td></tr></table>Recognised amou<span class=\"_ _2\"></span>nts of identifia<span class=\"_ _2\"></span>ble assets <span class=\"_ _2\"></span>acquired and <span class=\"_ _2\"></span>liabilities<span class=\"_ _2\"></span> assumed:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span><table class=\"s w1cc h175\" id=\"_ee0334f4-e1fb-4a58-9612-fedbaff3ef92\"><tr><td></td><td></td><td class=\"c x3ec y2f7e wfc hb9\"><div class=\"t m0 x238 h82 y1eb6 ff206 fs3b fc2 sc0 ls1e ws32\">Preliminary<span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"c x3ee y2f7f w1cd h102\"><div class=\"t m0 x245 h82 y29a7 ff206 fs3b fc2 sc0 ls1e ws32\">Fair <span class=\"ls1 ws0\">v</span></div><div class=\"t m0 x3ed h82 y29a6 ff206 fs3b fc2 sc0 ls2d ws4a\">alue<span class=\"_ _195\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2f80 w170 h102\"><div class=\"t m0 x245 h82 y29a6 ff206 fs3b fc2 sc0 ls1 ws0\">(in</div><div class=\"t m0 x2f3 h82 y29a7 ff206 fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x3ef y2f81 w48 hb6\"><div class=\"t m0 x191 h82 y1ca1 ff206 fs3b fc2 sc0 ls1e ws32\">Transfer <span class=\"ls1 ws0\">v<span class=\"ls2d ws4a\">alue</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3f0 y2f82 w1ce h103\"><div class=\"t m0 x245 h82 y29a6 ff206 fs3b fc2 sc0 ls1 ws0\">adjustments<span class=\"_ _195\"> </span></div></td><td class=\"c x2de y2f81 w2a hb6\"><div class=\"t m0 x1a0 h82 y1ca1 ff206 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x241 y2f83 wfb h8a\"><div class=\"t m0 x0 h88 y1be6 ff206 fs3a fc2 sc0 ls24 ws3a\">Cash and cash equivalents<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ef y2f83 w48 h8a\"><div class=\"t m0 x183 h88 y1be6 ff206 fs3a fc2 sc0 ls7b wsc2\">17,850<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2f83 w20 h8a\"><div class=\"t m0 x2d h88 y1be6 ff207 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff206\"> </span></div></td><td class=\"c x2de y2f83 w2a h8a\"><div class=\"t m0 x183 h88 y1be6 ff206 fs3a fc2 sc0 ls7b wsc2\">17,850<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f84 wfb h86\"><div class=\"t m0 x0 h88 y2112 ff206 fs3a fc2 sc0 ls22 ws3e\">Short<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls26 ws3d\">term receivable to the Group</span></span><span class=\"ls1 ws0\"><span class=\"ls26 ws3d\"><span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x3ef y2f84 w48 h86\"><div class=\"t m0 x179 h88 y2112 ff206 fs3a fc2 sc0 ls7b wsc2\">(3,992)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2f84 w20 h86\"><div class=\"t m0 x2d h88 y2112 ff207 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff206\"> </span></div></td><td class=\"c x2de y2f84 w2a h86\"><div class=\"t m0 x179 h88 y2112 ff206 fs3a fc2 sc0 ls7b wsc2\">(3,992<span class=\"ls1 ws0\">) </span></div></td></tr><tr><td class=\"c x241 y2f85 wfb h86\"><div class=\"t m0 x0 h88 y1be2 ff206 fs3a fc2 sc0 ls22 ws37\">Net working cap<span class=\"_ _1\"></span>ital<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ef y2f85 w48 h86\"><div class=\"t m0 x184 h88 y1be2 ff206 fs3a fc2 sc0 ls7b wsc2\">3,315<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2f85 w20 h86\"><div class=\"t m0 x2d h88 y1be2 ff207 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff206\"> </span></div></td><td class=\"c x2de y2f85 w2a h86\"><div class=\"t m0 x184 h88 y1be2 ff206 fs3a fc2 sc0 ls7b wsc2\">3,315<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f86 wfb h8c\"><div class=\"t m0 x0 h88 y1bec ff206 fs3a fc2 sc0 ls29 ws44\">Newbuildings<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ef y2f86 w48 h8c\"><div class=\"t m0 x183 h88 y1bec ff206 fs3a fc2 sc0 ls7b wsc2\">25,166<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2f86 w20 h8c\"><div class=\"t m0 x2d h88 y1bec ff207 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff206\"> </span></div></td><td class=\"c x2de y2f86 w2a h8c\"><div class=\"t m0 x183 h88 y1bec ff206 fs3a fc2 sc0 ls7b wsc2\">25,166<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f87 wfb h89\"><div class=\"t m0 x0 h88 y1bea ff206 fs3a fc2 sc0 ls29 ws42\">Ships in se<span class=\"_ _2\"></span>rvice<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ef y2f87 w48 h89\"><div class=\"t m0 x181 h88 y1bea ff206 fs3a fc2 sc0 ls7b wsc2\">210,213<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2f87 w20 h89\"><div class=\"t m0 x183 h88 y1bea ff206 fs3a fc2 sc0 ls7b wsc2\">81,344<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2f87 w2a h89\"><div class=\"t m0 x181 h88 y1bea ff206 fs3a fc2 sc0 ls7b wsc2\">291,557<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f88 wfb h8b\"><div class=\"t m0 x0 h88 y1be8 ff206 fs3a fc2 sc0 ls22 ws37\">Sharehold<span class=\"_ _1\"></span>er loan to the Group<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ef y2f88 w25 h8b\"><div class=\"t m0 x187 h88 y1be8 ff206 fs3a fc2 sc0 ls8f wsec\">(2<span class=\"ls1 ws0\">3<span class=\"ls8b ws38\">,9</span>9<span class=\"_ _1\"></span>7</span><span class=\"ls1 ws0\">) </span></div></td><td class=\"c x2a7 y2f88 w20 h8b\"><div class=\"t m0 x2d h88 y1be8 ff207 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff206\"> </span></div></td><td class=\"c x2de y2f88 w2c h8b\"><div class=\"t m0 x187 h88 y1be8 ff206 fs3a fc2 sc0 ls8f wsec\">(2<span class=\"ls1 ws0\">3<span class=\"ls8b ws38\">,9</span>9<span class=\"_ _1\"></span>7</span><span class=\"ls1 ws0\">) </span></div></td></tr><tr><td class=\"c x241 y2f89 wfb h8a\"><div class=\"t m0 x0 h88 y1c65 ff206 fs3a fc2 sc0 ls26 ws3d\">Debt related to sh<span class=\"_ _1\"></span>ips<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ef y2f89 w25 h8a\"><div class=\"t m0 x17f h88 y1c65 ff206 fs3a fc2 sc0 ls20 ws36\">(140,192)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2f89 w24 h8a\"><div class=\"t m0 x186 h88 y1c65 ff206 fs3a fc2 sc0 ls2a ws45\">(1,<span class=\"ls20 ws36\">905</span><span class=\"ls20 ws36\">)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2de y2f89 w2c h8a\"><div class=\"t m0 x17f h88 y1c65 ff206 fs3a fc2 sc0 ls2a ws45\">(14<span class=\"ls1 ws0\">2,<span class=\"_ _1\"></span><span class=\"ls20 ws36\">097</span></span><span class=\"ls1 ws0\"><span class=\"ls20 ws36\">)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td></tr><tr><td class=\"c x241 y2f8a wfb h86\"><div class=\"t m0 x0 h88 y1bef ff206 fs3a fc2 sc0 ls22 ws3e\">Non<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls29 ws42\">co<span class=\"_ _2\"></span>ntrolling inter<span class=\"_ _2\"></span>est</span></span><span class=\"ls1 ws0\"><span class=\"ls29 ws42\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x3ef y2f8a w25 h86\"><div class=\"t m0 x186 h88 y1bef ff206 fs3a fc2 sc0 ls7b wsc2\">(6,350)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2f8a w20 h86\"><div class=\"t m0 x2d h88 y1bef ff207 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff206\"> </span></div></td><td class=\"c x2de y2f8a w2c h86\"><div class=\"t m0 x186 h88 y1bef ff206 fs3a fc2 sc0 ls7b wsc2\">(6,350)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f8b wfb h86\"><div class=\"t m0 x0 h88 y1c4c ff206 fs3a fc2 sc0 ls25 ws3c\">Net assets acquired<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ef y2f8b w48 h86\"><div class=\"t m0 x183 h88 y1c4c ff206 fs3a fc2 sc0 ls7b wsc2\">82,013<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2f8b w20 h86\"><div class=\"t m0 x183 h88 y1c4c ff206 fs3a fc2 sc0 ls7b wsc2\">79,439<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2f8b w2a h86\"><div class=\"t m0 x181 h88 y1c4c ff206 fs3a fc2 sc0 ls7b wsc2\">161,452<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f8c wfb h90\"><div class=\"t m0 x0 h88 y2736 ff206 fs3a fc2 sc0 ls22 ws37\">Considera<span class=\"_ _1\"></span>tion paid for net ass<span class=\"_ _1\"></span>ets and <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 x0 h88 y1c4c ff206 fs3a fc2 sc0 ls24 ws3b\">non<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">controlling inter<span class=\"_ _2\"></span>est</span> </span></div></td><td class=\"c x3ef y2f8c w48 h90\"><div class=\"t m0 x181 h88 y1c4c ff206 fs3a fc2 sc0 ls7b wsc2\">166,207<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2f8c w20 h90\"><div class=\"t m0 x2d h88 y1c4c ff207 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff206\"> </span></div></td><td class=\"c x2de y2f8c w2a h90\"><div class=\"t m0 x181 h88 y1c4c ff206 fs3a fc2 sc0 ls7b wsc2\">166,207<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2f8d wfb h86\"><div class=\"t m0 x0 h88 y1bef ff206 fs3a fc2 sc0 ls22 ws3e\">Goodwill<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ef y2f8d w48 h86\"><div class=\"t m0 x2d h88 y1bef ff207 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff206\"> </span></div></td><td class=\"c x2a7 y2f8d w20 h86\"><div class=\"t m0 x2d h88 y1bef ff207 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff206\"> </span></div></td><td class=\"c x2de y2f8d w2a h86\"><div class=\"t m0 x184 h88 y1bef ff206 fs3a fc2 sc0 ls7b wsc2\">4,755<span class=\"ls1 ws0\"> </span></div></td></tr></table>As a <span class=\"_ _2\"></span>resul<span class=\"_ _2\"></span>t of<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Gro<span class=\"_ _2\"></span>up ob<span class=\"_ _2\"></span>taini<span class=\"_ _2\"></span>ng co<span class=\"_ _2\"></span>ntrol<span class=\"_ _2\"></span> ove<span class=\"_ _2\"></span>r Ave<span class=\"_ _2\"></span>nir,<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span>\u2019s p<span class=\"_ _2\"></span>revio<span class=\"_ _2\"></span>usly<span class=\"_ _2\"></span> h<span class=\"ff206 ls2f ws70\">eld 47<span class=\"_ _2\"></span></span><span class=\"ff206\">% int<span class=\"_ _2\"></span>eres<span class=\"_ _2\"></span>t was<span class=\"_ _2\"></span> </span>remeas<span class=\"_ _2\"></span>ured t<span class=\"_ _2\"></span>o fair val<span class=\"_ _2\"></span>ue, re<span class=\"_ _2\"></span>sult<span class=\"_ _2\"></span>ing in<span class=\"_ _2\"></span> <span class=\"ls2f ws70\">a gain of $32<span class=\"_ _2\"></span>.5 million. T<span class=\"_ _2\"></span>he gain has<span class=\"_ _2\"></span> been recognised <span class=\"_ _2\"></span>as Gain<span class=\"_ _2\"></span> </span>on step<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span><span class=\"ws50\">up acqui<span class=\"_ _2\"></span>sitio<span class=\"_ _2\"></span>n of<span class=\"_ _2\"></span> Aveni<span class=\"_ _2\"></span>r and<span class=\"_ _2\"></span> Hass<span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>Shippi<span class=\"_ _2\"></span>ng 4<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws4e\">A.S</span>.<span class=\"_ _1\"></span> </span></span>The f<span class=\"_ _2\"></span>air v<span class=\"_ _2\"></span>alue <span class=\"_ _2\"></span>of th<span class=\"_ _2\"></span>e no<span class=\"_ _2\"></span>ncont<span class=\"_ _2\"></span>rolli<span class=\"_ _2\"></span>ng i<span class=\"_ _2\"></span>nter<span class=\"ls2f ws70\">es<span class=\"_ _2\"></span>t of $6.4<span class=\"_ _2\"></span> million<span class=\"ls1 ws0\"> </span></span><span class=\"ff207\">and <span class=\"_ _2\"></span>the G<span class=\"_ _2\"></span>roup\u2019<span class=\"_ _2\"></span>s pre<span class=\"_ _2\"></span>vious<span class=\"_ _2\"></span>ly he<span class=\"_ _2\"></span>ld <span class=\"_ _2\"></span></span><span class=\"ls1 ws0\"> </span>equity interest o<span class=\"_ _2\"></span>f $45.9<span class=\"_ _2\"></span> million was e<span class=\"_ _2\"></span>stimated by <span class=\"_ _2\"></span>applying a m<span class=\"_ _2\"></span>arket app<span class=\"_ _2\"></span>roach. These fa<span class=\"_ _2\"></span>ir value measu<span class=\"_ _2\"></span>remen<span class=\"_ _2\"></span>ts a<span class=\"_ _2\"></span>re base<span class=\"_ _2\"></span>d o<span class=\"_ _2\"></span>n sig<span class=\"_ _2\"></span>nifi<span class=\"_ _2\"></span>cant<span class=\"_ _2\"></span> inpu<span class=\"_ _2\"></span>ts no<span class=\"_ _2\"></span>t ob<span class=\"_ _2\"></span>servab<span class=\"_ _2\"></span>le i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> mar<span class=\"_ _2\"></span>ket<span class=\"_ _2\"></span> and<span class=\"ls1 ws0\"> </span>thus<span class=\"_ _2\"></span> repre<span class=\"_ _2\"></span>sent<span class=\"_ _2\"></span> Level 3 meas<span class=\"_ _2\"></span>urements.<span class=\"ls1 ws0\"> </span>Avenir\u2019s goodwill<span class=\"_ _2\"></span> is attrib<span class=\"_ _2\"></span>utable t<span class=\"_ _2\"></span>o the synergies<span class=\"_ _2\"></span> expected t<span class=\"_ _2\"></span>o arise af<span class=\"_ _2\"></span>ter the Gro<span class=\"_ _2\"></span>up\u2019s acquisiti<span class=\"_ _2\"></span>on <span class=\"ff206 ls1 ws0\"> </span>of Ave<span class=\"_ _2\"></span>nir.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span>Ships<span class=\"_ _2\"></span> in<span class=\"ls1 ws0\">-<span class=\"ls46 ws6f\">servi<span class=\"_ _2\"></span>ce </span> </span>Avenir\u2019s in<span class=\"ff206 ls1 ws0\">-<span class=\"ls2f ws70\">service fleet incl<span class=\"_ _2\"></span>udes five L<span class=\"_ _2\"></span>NG ships, b<span class=\"_ _2\"></span>uilt between 2<span class=\"_ _2\"></span>020 and 2022<span class=\"_ _2\"></span></span>, <span class=\"_ _1\"></span><span class=\"ls30 ws50\">pl<span class=\"_ _2\"></span>us dep<span class=\"_ _2\"></span>osits<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>r tw<span class=\"_ _2\"></span>o </span></span>newbuildings t<span class=\"_ _2\"></span>o be delivered<span class=\"_ _2\"></span> between 2026 <span class=\"_ _2\"></span>and 2027. <span class=\"_ _2\"></span>The Group<span class=\"_ _2\"></span> has recognised<span class=\"_ _2\"></span> the ship<span class=\"_ _2\"></span>s in<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-<span class=\"_ _195\"> </span></span>servi<span class=\"_ _2\"></span>ce and<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> newb<span class=\"_ _2\"></span>uild<span class=\"_ _2\"></span>ing d<span class=\"_ _2\"></span>epos<span class=\"_ _2\"></span>its i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> ope<span class=\"_ _2\"></span>ning<span class=\"_ _2\"></span> bala<span class=\"_ _2\"></span>nce <span class=\"_ _2\"></span>sheet <span class=\"_ _2\"></span>at t<span class=\"_ _2\"></span>heir f<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span> valu<span class=\"_ _2\"></span>e bas<span class=\"_ _2\"></span>ed on<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> guida<span class=\"_ _2\"></span>nce i<span class=\"_ _2\"></span>n IFR<span class=\"_ _2\"></span>S 13 <span class=\"_ _2\"></span>Fair <span class=\"_ _2\"></span>Value<span class=\"_ _2\"></span>. F<span class=\"_ _2\"></span>urthe<span class=\"_ _2\"></span>r<span class=\"ws52\">more<span class=\"_ _2\"></span><span class=\"ls2f ws70\">, the <span class=\"_ _2\"></span>useful eco<span class=\"_ _2\"></span>nomic lives <span class=\"_ _2\"></span>of all rec<span class=\"_ _2\"></span>ognised assets<span class=\"_ _2\"></span> </span></span>were <span class=\"_ _2\"></span>assess<span class=\"_ _2\"></span>ed a<span class=\"_ _2\"></span>t the<span class=\"_ _2\"></span> ope<span class=\"_ _2\"></span>ning<span class=\"_ _2\"></span> balanc<span class=\"_ _2\"></span>e s<span class=\"_ _2\"></span>heet d<span class=\"_ _2\"></span>ates<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>any c<span class=\"_ _2\"></span>hang<span class=\"_ _2\"></span>es appl<span class=\"_ _2\"></span>ied p<span class=\"_ _2\"></span>rospe<span class=\"_ _2\"></span>ctiv<span class=\"_ _2\"></span>ely.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span> income<span class=\"_ _2\"></span> appr<span class=\"_ _2\"></span>oac<span class=\"_ _2\"></span>h was<span class=\"_ _2\"></span> used<span class=\"_ _2\"></span> in <span class=\"_ _2\"></span>the v<span class=\"_ _2\"></span>aluati<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span>se s<span class=\"_ _2\"></span>hips<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _3\"></span><span class=\"ls30 ws50\">w<span class=\"_ _2\"></span>hich<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>nside<span class=\"_ _2\"></span>red t<span class=\"_ _2\"></span>he p<span class=\"_ _2\"></span>resent<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue of<span class=\"_ _2\"></span> </span></span>future<span class=\"_ _2\"></span> cas<span class=\"_ _2\"></span>h flow<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>and ea<span class=\"_ _2\"></span>rnings<span class=\"_ _2\"></span> e<span class=\"_ _2\"></span>xpect<span class=\"_ _2\"></span>ations<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span> each <span class=\"_ _2\"></span>vess<span class=\"_ _2\"></span>el and<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>ts resi<span class=\"_ _2\"></span>dua<span class=\"_ _2\"></span>l val<span class=\"_ _2\"></span>ue.<div class=\"t m0 h7e ff20b fs39 fc9 sc0 ls4b ws77 gs737\">Newbu<span class=\"_ _2\"></span>ildin<span class=\"_ _2\"></span>gs<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff20c fs39 fc2 sc0 ls2f ws70 gs738\">See Note 27.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h7e ff20b fs39 fc9 sc0 ls4b ws75 gs739\">Debt <span class=\"_ _2\"></span>relate<span class=\"_ _2\"></span>d to s<span class=\"_ _2\"></span>hips<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff20d fs39 fc2 sc0 ls2f ws75 gs73a\">Avenir\u2019s loans <span class=\"ff20c ls30 ws50\">at <span class=\"_ _2\"></span>acqui<span class=\"_ _2\"></span>sitio<span class=\"_ _2\"></span>n we<span class=\"_ _2\"></span>re<span class=\"ls1 ws0\"> </span>at SO<span class=\"_ _2\"></span>FR pl<span class=\"_ _2\"></span>us a<span class=\"_ _2\"></span> marg<span class=\"_ _2\"></span>in rang<span class=\"_ _2\"></span>ing <span class=\"_ _2\"></span>from 1<span class=\"_ _2\"></span>.9%<span class=\"_ _2\"></span> to 3<span class=\"_ _2\"></span>.0%.<span class=\"_ _2\"></span> Give<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> </span></div><div class=\"t m0 h98 ff20d fs39 fc2 sc0 ls30 ws50 gs73b\">floati<span class=\"_ _2\"></span>ng r<span class=\"_ _2\"></span>ate s<span class=\"_ _2\"></span>truct<span class=\"_ _2\"></span>ure o<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he lo<span class=\"_ _2\"></span>ans,<span class=\"_ _2\"></span> the l<span class=\"_ _2\"></span>oans<span class=\"_ _2\"></span>\u2019 car<span class=\"_ _2\"></span>ryi<span class=\"_ _2\"></span>ng amo<span class=\"_ _2\"></span>unts <span class=\"_ _2\"></span>are m<span class=\"_ _2\"></span>ateri<span class=\"_ _2\"></span>ally<span class=\"_ _2\"></span> refl<span class=\"_ _2\"></span>ecti<span class=\"_ _2\"></span>ve of<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r val<span class=\"_ _2\"></span>ue. </div><div class=\"t m0 h98 ff20c fs39 fc2 sc0 ls30 ws50 gs73c\">The deb<span class=\"_ _2\"></span>t i<span class=\"_ _2\"></span>ssua<span class=\"_ _2\"></span>nce c<span class=\"_ _2\"></span>osts w<span class=\"_ _2\"></span>ere <span class=\"_ _2\"></span>revers<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>upon ac<span class=\"_ _2\"></span>qui<span class=\"_ _2\"></span>siti<span class=\"_ _2\"></span>on.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h7e ff20b fs39 fc9 sc0 ls4c wsaa gs73d\">Financial per<span class=\"_ _2\"></span>formance summ<span class=\"_ _2\"></span>ary <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff20c fs39 fc2 sc0 ls30 ws50 gs73e\">From t<span class=\"_ _2\"></span>he d<span class=\"_ _2\"></span>ate o<span class=\"_ _2\"></span>f ac<span class=\"_ _2\"></span>quisiti<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span> to N<span class=\"_ _2\"></span>ovemb<span class=\"_ _2\"></span>er 30<span class=\"_ _2\"></span>, 20<span class=\"_ _2\"></span>25, Av<span class=\"_ _2\"></span>eni<span class=\"_ _2\"></span>r cont<span class=\"_ _2\"></span>rib<span class=\"_ _2\"></span>uted $<span class=\"_ _2\"></span>66.5<span class=\"_ _2\"></span> milli<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> re<span class=\"_ _2\"></span>venue<span class=\"_ _2\"></span> an<span class=\"_ _2\"></span>d </div><div class=\"t m0 h98 ff20d fs39 fc2 sc0 ls2f ws70 gs73f\">a $3.6 millio<span class=\"_ _2\"></span>n net p<span class=\"_ _2\"></span>rofit to the <span class=\"_ _2\"></span>Group\u2019s result<span class=\"_ _2\"></span>s.<span class=\"ff20c ls1 ws0\"> </span></div><div class=\"t m0 h98 ff20c fs39 fc2 sc0 ls2f ws70 gs740\">The following <span class=\"_ _2\"></span>unaudited pro f<span class=\"_ _2\"></span>orma <span class=\"ls30 ws50\">s<span class=\"_ _2\"></span>ummary<span class=\"_ _2\"></span> pr<span class=\"_ _2\"></span>esents<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Grou<span class=\"_ _2\"></span>p as i<span class=\"_ _2\"></span>f t<span class=\"_ _2\"></span>he 81<span class=\"_ _2\"></span>,905,9<span class=\"_ _2\"></span>82<span class=\"_ _2\"></span> share<span class=\"_ _2\"></span>s of </span></div><div class=\"t m0 h98 ff20c fs39 fc2 sc0 ls30 ws50 gs741\">Aveni<span class=\"_ _2\"></span>r purc<span class=\"_ _2\"></span>hased<span class=\"_ _2\"></span> had<span class=\"_ _2\"></span> bee<span class=\"_ _2\"></span>n acqu<span class=\"_ _2\"></span>ired <span class=\"_ _2\"></span>on Dec<span class=\"_ _2\"></span>embe<span class=\"_ _2\"></span>r 1<span class=\"_ _2\"></span>, 202<span class=\"_ _2\"></span>4. T<span class=\"_ _2\"></span>he pro<span class=\"_ _2\"></span> fo<span class=\"_ _2\"></span>rma i<span class=\"_ _2\"></span>nform<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n is<span class=\"_ _2\"></span> provi<span class=\"_ _2\"></span>ded </div><div class=\"t m0 h98 ff20c fs39 fc2 sc0 ls2f ws70 gs742\">for comparative<span class=\"_ _2\"></span> purposes only<span class=\"_ _2\"></span> and does <span class=\"_ _2\"></span>not necessarily<span class=\"_ _2\"></span> r<span class=\"ls30 ws50\">efl<span class=\"_ _2\"></span>ect<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>actual<span class=\"_ _2\"></span> re<span class=\"_ _2\"></span>sults<span class=\"_ _2\"></span> tha<span class=\"_ _2\"></span>t woul<span class=\"_ _2\"></span>d h<span class=\"_ _2\"></span>ave </span></div><div class=\"t m0 h98 ff20c fs39 fc2 sc0 ls30 ws4f gs743\">occur<span class=\"_ _2\"></span>red, no<span class=\"_ _2\"></span>r<span class=\"ls1 ws0\"> <span class=\"ls57 ws86\">is<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> <span class=\"ls2f ws70\">it necessarily ind<span class=\"_ _2\"></span>icative of <span class=\"_ _2\"></span>future result<span class=\"_ _2\"></span>s of oper<span class=\"_ _2\"></span>ations of the c<span class=\"_ _2\"></span>ombined compa<span class=\"_ _2\"></span>nies.</span> </span></span></span></div><div class=\"gs744\"><table class=\"s w10e h177\" id=\"_90b8c619-f45d-4451-8be3-3dd2d0141667\"><tr><td></td><td class=\"c x3f1 y2f95 w1d0 h134\"><div class=\"t m0 x245 h85 y2c8b ff20b fs3b fc2 sc0 ls65 ws9b\">Pro forma yea<span class=\"_ _2\"></span>r<span class=\"_ _195\"> </span></div></td></tr><tr><td></td><td class=\"c x3f2 y2f96 w1d1 h134\"><div class=\"t m0 x245 h85 y2c8b ff20b fs3b fc2 sc0 ls87 ws5e\">ended November<span class=\"_ _195\"> </span></div></td></tr><tr><td class=\"c x246 y2f97 w179 h121\"><div class=\"t m0 x245 h82 y29a6 ff20c fs3b fc2 sc0 ls1 ws0\">(in</div><div class=\"t m0 x2b9 h82 y29a7 ff20c fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ thousands)<span class=\"_ _195\"> </span></div></td><td class=\"t m0 x3f3 h85 y2f98 ff20b fs3b fc2 sc0 ls69 wsd6\">30, 2025<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x24b y2f99 wfd h86\"><div class=\"t m0 x0 h88 y1bf8 ff20c fs3a fc2 sc0 ls24 ws3b\">Revenue<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d9 y2f99 wfe h86\"><div class=\"t m0 x17f h87 y1bf8 ff20b fs3a fc2 sc0 ls21 ws35\">2,77<span class=\"_ _2\"></span>4,701<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2f9a wfd h86\"><div class=\"t m0 x0 h88 y1bfa ff20c fs3a fc2 sc0 ls22 ws37\">Net profit<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2d9 y2f9a wfe h86\"><div class=\"t m0 x179 h87 y1bfa ff20b fs3a fc2 sc0 ls21 ws35\">349,<span class=\"_ _2\"></span>356<span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 ha6 ff20b fs3c fcb sc0 ls4d ws84 gs745\">Acquis<span class=\"_ _2\"></span>ition of<span class=\"_ _2\"></span> <span class=\"ls1 ws0\">r<span class=\"_ _1\"></span><span class=\"ls4d ws7a\">ema<span class=\"_ _2\"></span>inin<span class=\"_ _2\"></span>g 50<span class=\"_ _2\"></span>% of HS<span class=\"_ _2\"></span>4<span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 h98 ff20c fs39 fc2 sc0 ls30 ws50 gs746\">On Ja<span class=\"_ _2\"></span>nuary<span class=\"_ _2\"></span> 31<span class=\"_ _2\"></span>, 2025<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up ac<span class=\"_ _2\"></span>quired<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e owne<span class=\"_ _2\"></span>rsh<span class=\"_ _2\"></span>ip int<span class=\"_ _2\"></span>eres<span class=\"_ _2\"></span>t of <span class=\"_ _2\"></span>J.O.<span class=\"_ _2\"></span> Inves<span class=\"_ _2\"></span>t AS<span class=\"_ _2\"></span> in <span class=\"_ _2\"></span>HS4 fo<span class=\"_ _2\"></span>r $<span class=\"_ _2\"></span>111.9<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff20c fs39 fc2 sc0 ls2f ws4e gs747\">million. <span class=\"ws70\">This acquisition<span class=\"_ _2\"></span> inc<span class=\"ff20d ls30 ws50\">rea<span class=\"_ _2\"></span>sed t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup<span class=\"_ _2\"></span>\u2019s own<span class=\"_ _2\"></span>ership<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span>tere<span class=\"_ _2\"></span>st t<span class=\"_ _2\"></span>o 100<span class=\"_ _2\"></span>% in<span class=\"_ _2\"></span> whic<span class=\"_ _2\"></span>h case<span class=\"_ _2\"></span> HS4<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 h98 ff20c fs39 fc2 sc0 ls30 ws50 gs748\">becam<span class=\"_ _2\"></span>e a co<span class=\"_ _2\"></span>nsol<span class=\"_ _2\"></span>idated<span class=\"_ _2\"></span> subs<span class=\"_ _2\"></span>idia<span class=\"_ _2\"></span>ry o<span class=\"_ _2\"></span>f the<span class=\"_ _2\"></span> Gro<span class=\"_ _2\"></span>up on<span class=\"_ _2\"></span> this<span class=\"_ _2\"></span> date<span class=\"_ _2\"></span>. H<span class=\"_ _2\"></span>S4 was<span class=\"_ _2\"></span> pre<span class=\"_ _2\"></span>vious<span class=\"_ _2\"></span>ly rec<span class=\"_ _2\"></span>orde<span class=\"_ _2\"></span>d <span class=\"_ _2\"></span>using <span class=\"_ _2\"></span>the </div><div class=\"t m0 h98 ff20d fs39 fc2 sc0 ls30 ws50 gs749\">equity<span class=\"_ _2\"></span> met<span class=\"_ _2\"></span>hod of<span class=\"_ _2\"></span> acc<span class=\"_ _2\"></span>ounti<span class=\"_ _2\"></span>ng. <span class=\"_ _2\"></span>The G<span class=\"_ _2\"></span>roup\u2019<span class=\"_ _2\"></span>s p<span class=\"_ _2\"></span>urpose<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span> acqui<span class=\"_ _2\"></span>ring<span class=\"_ _2\"></span> th<span class=\"_ _2\"></span>e rem<span class=\"_ _2\"></span>aining <span class=\"_ _2\"></span>owne<span class=\"_ _2\"></span>rship<span class=\"_ _2\"></span> int<span class=\"_ _2\"></span>eres<span class=\"_ _2\"></span>t<span class=\"ff20c ls1 ws0\"> </span></div><div class=\"t m0 h98 ff20c fs39 fc2 sc0 ls30 ws50 gs74a\">was to<span class=\"_ _2\"></span> add<span class=\"_ _2\"></span>ress t<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> tonnag<span class=\"_ _2\"></span>e rep<span class=\"_ _2\"></span>lace<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span> needs<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span><span class=\"ff20d ls2f ws70\">\u2019s e<span class=\"_ _2\"></span>xisting chemical<span class=\"_ _2\"></span> tanker fleet<span class=\"_ _2\"></span>.</span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff20c fs39 fc2 sc0 ls30 ws50 gs74b\">The re<span class=\"_ _2\"></span>ported<span class=\"_ _2\"></span> pu<span class=\"_ _2\"></span>rchase<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>nside<span class=\"_ _2\"></span>ratio<span class=\"_ _2\"></span>n, f<span class=\"_ _2\"></span>air <span class=\"_ _2\"></span>values<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> purch<span class=\"_ _2\"></span>ase<span class=\"_ _2\"></span> pric<span class=\"_ _2\"></span>e alloc<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on a<span class=\"_ _2\"></span>re pre<span class=\"_ _2\"></span>limi<span class=\"_ _2\"></span>nar<span class=\"_ _2\"></span>y </div><div class=\"t m0 h98 ff20c fs39 fc2 sc0 ls30 ws50 gs74c\">and sub<span class=\"_ _2\"></span>ject<span class=\"_ _2\"></span> to c<span class=\"_ _2\"></span>hang<span class=\"_ _2\"></span>e. As<span class=\"_ _2\"></span> perm<span class=\"_ _2\"></span>itted<span class=\"_ _2\"></span> und<span class=\"_ _2\"></span>er I<span class=\"_ _2\"></span>FRS 3<span class=\"_ _2\"></span>, if<span class=\"_ _2\"></span> new i<span class=\"_ _2\"></span>nfo<span class=\"_ _2\"></span>rmatio<span class=\"_ _2\"></span>n ob<span class=\"_ _2\"></span>tained<span class=\"_ _2\"></span> wit<span class=\"_ _2\"></span>hin o<span class=\"_ _2\"></span>ne ye<span class=\"_ _2\"></span>ar o<span class=\"_ _2\"></span>f </div><div class=\"t m0 h98 ff20c fs39 fc2 sc0 ls30 ws4f gs74d\">the date<span class=\"_ _2\"></span> of acqu<span class=\"_ _2\"></span>isiti<span class=\"_ _2\"></span>on abou<span class=\"_ _2\"></span>t fac<span class=\"_ _2\"></span>ts and ci<span class=\"_ _2\"></span>rcums<span class=\"_ _2\"></span>tance<span class=\"_ _2\"></span>s that e<span class=\"ls53 ws7d\">x<span class=\"_ _2\"></span>iste<span class=\"_ _2\"></span>d at the da<span class=\"_ _2\"></span>te of acq<span class=\"_ _2\"></span>uisitio<span class=\"_ _2\"></span>n </span></div><div class=\"t m0 h98 ff20c fs39 fc2 sc0 ls30 ws50 gs74e\">identi<span class=\"_ _2\"></span>fies<span class=\"_ _2\"></span> adjus<span class=\"_ _2\"></span>tmen<span class=\"_ _2\"></span>ts to<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> bel<span class=\"_ _2\"></span>ow amo<span class=\"_ _2\"></span>unts<span class=\"_ _2\"></span>, or<span class=\"_ _2\"></span> any<span class=\"_ _2\"></span> addi<span class=\"_ _2\"></span>tional<span class=\"_ _2\"></span> pr<span class=\"_ _2\"></span>ovision<span class=\"_ _2\"></span>s th<span class=\"_ _2\"></span>at ex<span class=\"_ _2\"></span>isted<span class=\"_ _2\"></span> at<span class=\"_ _2\"></span> the d<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span> of </div><div class=\"t m0 h98 ff20c fs39 fc2 sc0 ls30 ws50 gs74f\">acqui<span class=\"_ _2\"></span>sition<span class=\"_ _2\"></span>, th<span class=\"_ _2\"></span>en t<span class=\"_ _2\"></span>he acc<span class=\"_ _2\"></span>ount<span class=\"_ _2\"></span>ing <span class=\"_ _2\"></span>for t<span class=\"_ _2\"></span>his<span class=\"_ _2\"></span> acqui<span class=\"_ _2\"></span>sitio<span class=\"_ _2\"></span>n wi<span class=\"_ _2\"></span>ll be<span class=\"_ _2\"></span> revi<span class=\"_ _2\"></span>sed<span class=\"_ _2\"></span><span class=\"ls4c ws79\">. <span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 h98 ff20c fs39 fc2 sc0 ls30 ws50 gs750\">The f<span class=\"_ _2\"></span>ollowi<span class=\"_ _2\"></span>ng tab<span class=\"_ _2\"></span>le s<span class=\"_ _2\"></span>umma<span class=\"_ _2\"></span>rise<span class=\"_ _2\"></span>s the<span class=\"_ _2\"></span> preli<span class=\"_ _2\"></span>mina<span class=\"_ _2\"></span>ry<span class=\"_ _2\"></span> consid<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ion t<span class=\"_ _2\"></span>ra<span class=\"_ _2\"></span>nsferre<span class=\"_ _2\"></span>d t<span class=\"_ _2\"></span>o acqu<span class=\"_ _2\"></span>ire<span class=\"_ _2\"></span> HS4 <span class=\"_ _2\"></span>and t<span class=\"_ _2\"></span>he </div><div class=\"t m0 h98 ff20c fs39 fc2 sc0 ls2f ws70 gs751\">amounts of ide<span class=\"_ _2\"></span>ntified assets<span class=\"_ _2\"></span> acquired a<span class=\"_ _2\"></span>nd liabilitie<span class=\"_ _2\"></span>s assumed <span class=\"_ _2\"></span>at the acqui<span class=\"_ _2\"></span>sition date.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"gs752\"><table class=\"s w1d3 h179\" id=\"_53a0a51a-aaba-4f31-8b2c-6516ff5bbb74\"><tr><td class=\"c x241 y2fa6 wff h83\"><div class=\"t m0 x0 h82 y1c39 ff20c fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ thousands) </div></td><td></td></tr><tr><td class=\"c x241 y2fa7 wff h86\"><div class=\"t m0 x0 h88 y1bef ff20c fs3a fc2 sc0 ls22 ws37\">Cash consid<span class=\"_ _1\"></span>eration for equi<span class=\"_ _1\"></span>ty<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2fa7 w55 h86\"><div class=\"t m0 x180 h88 y1bef ff20c fs3a fc2 sc0 ls7b wsc2\">111,851<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2fa8 wff h86\"><div class=\"t m0 x0 h88 y1c4c ff20c fs3a fc2 sc0 ls22 ws37\">Share of clos<span class=\"_ _1\"></span>ing debt and interest ra<span class=\"_ _1\"></span>te swap assumed<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2fa8 w55 h86\"><div class=\"t m0 x179 h88 y1c4c ff20c fs3a fc2 sc0 ls7b wsc2\">77,548<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2fa9 wff h8a\"><div class=\"t m0 x0 h88 y1c3f ff20c fs3a fc2 sc0 ls22 ws37\">Share of worki<span class=\"_ _1\"></span>ng capital<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2fa9 w7f h8a\"><div class=\"t m0 x182 h88 y1c3f ff20c fs3a fc2 sc0 ls7f wsd9\">(3,873<span class=\"ls1 ws0\">)<span class=\"_ _1\"></span> <span class=\"_ _14\"></span> </span></div></td></tr><tr><td class=\"c x241 y2faa wff h8c\"><div class=\"t m0 x0 h88 y1c4d ff20c fs3a fc2 sc0 ls29 ws42\">Total con<span class=\"_ _2\"></span>sideration<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2faa w55 h8c\"><div class=\"t m0 x180 h88 y1c4d ff20c fs3a fc2 sc0 ls7b wsc2\">185,526<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2fab wff h8b\"><div class=\"t m0 x0 h88 y1bf8 ff20d fs3a fc2 sc0 ls24 ws3a\">Fair value of the Group\u2019s investment i<span class=\"_ _2\"></span>n HS4 before the business co<span class=\"_ _2\"></span>mbination<span class=\"ff20c ls1 ws0\"> </span></div></td><td class=\"c x2de y2fab w55 h8b\"><div class=\"t m0 x180 h88 y1bf8 ff20c fs3a fc2 sc0 ls7b wsc2\">111,851<span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 h98 ff20c fs39 fc2 sc0 ls2f ws70 gs753\">Recognised amou<span class=\"_ _2\"></span>nts of identifia<span class=\"_ _2\"></span>ble assets <span class=\"_ _2\"></span>acquired and <span class=\"_ _2\"></span>liabilities<span class=\"_ _2\"></span> assumed:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"gs754\"><table class=\"s w1d2 h178\" id=\"_063cf867-4170-4112-bdb2-ef1bb811d538\"><tr><td></td><td></td><td class=\"c x3ef y2f9b w100 hb7\"><div class=\"t m0 x90 h82 y2099 ff20c fs3b fc2 sc0 ls1e ws32\">Preliminary<span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"c x3ee y2f9c w1cd h121\"><div class=\"t m0 x245 h82 y29a7 ff20c fs3b fc2 sc0 ls1e ws32\">Fair <span class=\"ls1 ws0\">v</span></div><div class=\"t m0 x3ed h82 y29a6 ff20c fs3b fc2 sc0 ls2d ws4a\">alue<span class=\"_ _195\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2f9d w170 h121\"><div class=\"t m0 x245 h82 y29a6 ff20c fs3b fc2 sc0 ls1 ws0\">(in</div><div class=\"t m0 x2f3 h82 y29a7 ff20c fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"t m0 x3f4 h82 y2f9e ff20c fs3b fc2 sc0 ls1e ws32\">Transfer <span class=\"ls1 ws0\">v<span class=\"ls2d ws4a\">alue<span class=\"_ _195\"> </span></span></span></td><td class=\"t m0 x3f5 h82 y2f9f ff20c fs3b fc2 sc0 ls1 ws0\">adjustments<span class=\"_ _195\"> </span></td><td class=\"t m0 x2f2 h82 y2f9e ff20c fs3b fc2 sc0 ls1 ws0\">Total<span class=\"_ _195\"> </span></td></tr><tr><td class=\"c x241 y2fa0 wfb h86\"><div class=\"t m0 x0 h88 y1c05 ff20c fs3a fc2 sc0 ls24 ws3a\">Cash and cash equivalents<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ef y2fa0 w48 h86\"><div class=\"t m0 x183 h88 y1c05 ff20c fs3a fc2 sc0 ls7b wsc2\">21,364<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2fa0 w20 h86\"><div class=\"t m0 x2d h88 y1c05 ff20d fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff20c\"> </span></div></td><td class=\"c x2de y2fa0 w2a h86\"><div class=\"t m0 x183 h88 y1c05 ff20c fs3a fc2 sc0 ls7b wsc2\">21,364<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2fa1 wfb h86\"><div class=\"t m0 x0 h88 y1bde ff20c fs3a fc2 sc0 ls22 ws37\">Net working cap<span class=\"_ _1\"></span>ital<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ef y2fa1 w48 h86\"><div class=\"t m0 x184 h88 y1bde ff20c fs3a fc2 sc0 ls7b wsc2\">7,746<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2fa1 w20 h86\"><div class=\"t m0 x2d h88 y1bde ff20d fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff20c\"> </span></div></td><td class=\"c x2de y2fa1 w2a h86\"><div class=\"t m0 x184 h88 y1bde ff20c fs3a fc2 sc0 ls7b wsc2\">7,746<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2fa2 wfb h8a\"><div class=\"t m0 x0 h88 y1be0 ff20c fs3a fc2 sc0 ls1f ws43\">Derivat<span class=\"_ _2\"></span>ives<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ef y2fa2 w48 h8a\"><div class=\"t m0 x184 h88 y1be0 ff20c fs3a fc2 sc0 ls7b wsc2\">5,541<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2fa2 w20 h8a\"><div class=\"t m0 x2d h88 y1be0 ff20d fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff20c\"> </span></div></td><td class=\"c x2de y2fa2 w2a h8a\"><div class=\"t m0 x184 h88 y1be0 ff20c fs3a fc2 sc0 ls7b wsc2\">5,541<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2fa3 wfb h86\"><div class=\"t m0 x0 h88 y1bde ff20c fs3a fc2 sc0 ls29 ws42\">Ships in se<span class=\"_ _2\"></span>rvice<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ef y2fa3 w48 h86\"><div class=\"t m0 x181 h88 y1bde ff20c fs3a fc2 sc0 ls7b wsc2\">283,970<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2fa3 w20 h86\"><div class=\"t m0 x183 h88 y1bde ff20c fs3a fc2 sc0 ls7b wsc2\">87,081<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2fa3 w2a h86\"><div class=\"t m0 x181 h88 y1bde ff20c fs3a fc2 sc0 ls7b wsc2\">371,051<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2fa4 wfb h86\"><div class=\"t m0 x0 h88 y1c05 ff20c fs3a fc2 sc0 ls26 ws3d\">Debt related to sh<span class=\"_ _1\"></span>ips<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ef y2fa4 w25 h86\"><div class=\"t m0 x17f h88 y1c05 ff20c fs3a fc2 sc0 ls7b wsc2\">(180,949)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2fa4 w24 h86\"><div class=\"t m0 x186 h88 y1c05 ff20c fs3a fc2 sc0 ls7b wsc2\">(1,051)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2fa4 w2c h86\"><div class=\"t m0 x17f h88 y1c05 ff20c fs3a fc2 sc0 ls7b wsc2\">(182,000)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2fa5 wfb h8c\"><div class=\"t m0 x0 h88 y1be6 ff20c fs3a fc2 sc0 ls25 ws3c\">Net assets acquired<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ef y2fa5 w48 h8c\"><div class=\"t m0 x181 h88 y1be6 ff20c fs3a fc2 sc0 ls7b wsc2\">137,672<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2fa5 w20 h8c\"><div class=\"t m0 x183 h88 y1be6 ff20c fs3a fc2 sc0 ls7b wsc2\">86,030<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2fa5 w2a h8c\"><div class=\"t m0 x181 h88 y1be6 ff20c fs3a fc2 sc0 ls7b wsc2\">223,702<span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 h98 ff20d fs39 fc2 sc0 ls30 ws50 gs755\">As a <span class=\"_ _2\"></span>resul<span class=\"_ _2\"></span>t of<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Gro<span class=\"_ _2\"></span>up ob<span class=\"_ _2\"></span>taini<span class=\"_ _2\"></span>ng co<span class=\"_ _2\"></span>ntrol<span class=\"_ _2\"></span> ove<span class=\"_ _2\"></span>r H<span class=\"_ _2\"></span>S4, t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up\u2019s<span class=\"_ _2\"></span> prev<span class=\"_ _2\"></span>ious<span class=\"_ _2\"></span>ly he<span class=\"_ _2\"></span>ld 50<span class=\"_ _2\"></span>% in<span class=\"_ _2\"></span>teres<span class=\"_ _2\"></span>t was<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff20c fs39 fc2 sc0 ls30 ws50 gs756\">remeas<span class=\"_ _2\"></span>ured <span class=\"_ _2\"></span>to f<span class=\"_ _2\"></span>air <span class=\"_ _2\"></span>value<span class=\"_ _2\"></span>, res<span class=\"_ _2\"></span>ulti<span class=\"_ _2\"></span>ng in<span class=\"_ _2\"></span> a gai<span class=\"_ _2\"></span>n of<span class=\"_ _2\"></span> $42<span class=\"_ _2\"></span>.6 mil<span class=\"_ _2\"></span>lion<span class=\"_ _2\"></span>. The<span class=\"_ _2\"></span> gain<span class=\"_ _2\"></span> has<span class=\"_ _2\"></span> been<span class=\"_ _2\"></span> rec<span class=\"_ _2\"></span>ognise<span class=\"_ _2\"></span>d as<span class=\"_ _2\"></span> Gai<span class=\"_ _2\"></span>n </div><div class=\"t m0 h98 ff20c fs39 fc2 sc0 ls30 ws4f gs757\">on step<span class=\"_ _2\"></span><span class=\"ls1 ws0\">-</span><span class=\"ws50\">up acqui<span class=\"_ _2\"></span>sitio<span class=\"_ _2\"></span>n of<span class=\"_ _2\"></span> Aveni<span class=\"_ _2\"></span>r and<span class=\"_ _2\"></span> Hass<span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>Shippi<span class=\"_ _2\"></span>ng 4<span class=\"_ _2\"></span> A.<span class=\"_ _2\"></span>S. on <span class=\"_ _2\"></span>the c<span class=\"_ _2\"></span>onsol<span class=\"_ _2\"></span>idated<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>ncome<span class=\"_ _2\"></span> state<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>t<span class=\"ls1 ws0\">. </span></span></div><div class=\"t m0 h98 ff20d fs39 fc2 sc0 ls2f ws70 gs758\">The fair val<span class=\"_ _2\"></span>ue of the <span class=\"_ _2\"></span>Group\u2019s prev<span class=\"_ _2\"></span>iously held e<span class=\"_ _2\"></span>quity interes<span class=\"_ _2\"></span>t of $67.0<span class=\"_ _2\"></span> million was<span class=\"_ _2\"></span> estimated by </div><div class=\"t m0 h98 ff20c fs39 fc2 sc0 ls30 ws50 gs759\">apply<span class=\"_ _2\"></span>ing a<span class=\"_ _2\"></span> mark<span class=\"_ _2\"></span>et app<span class=\"_ _2\"></span>roac<span class=\"_ _2\"></span>h. T<span class=\"_ _2\"></span>hese f<span class=\"_ _2\"></span>air v<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>ue me<span class=\"_ _2\"></span>asurem<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> base<span class=\"_ _2\"></span>d on<span class=\"_ _2\"></span> signi<span class=\"_ _2\"></span>fic<span class=\"_ _2\"></span>ant i<span class=\"_ _2\"></span>nputs<span class=\"_ _2\"></span> not<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff20c fs39 fc2 sc0 ls2f ws70 gs75a\">observable in <span class=\"_ _2\"></span>the market a<span class=\"_ _2\"></span>nd thus r<span class=\"_ _2\"></span>epresent Leve<span class=\"_ _2\"></span>l 3 measurem<span class=\"_ _2\"></span>ents<span class=\"ls1 ws0\">. </span></div><div class=\"t m0 h7e ff20b fs39 fc9 sc0 ls4b ws75 gs75b\">Ships<span class=\"_ _2\"></span> in<span class=\"ls1 ws0\">-<span class=\"ls46 ws6f\">servi<span class=\"_ _2\"></span>ce</span>  </span></div><div class=\"t m0 h98 ff20c fs39 fc2 sc0 ls46 ws6f gs75c\">HS4<span class=\"_ _2\"></span><span class=\"ff20d ls49 wsab\">\u2019s in<span class=\"_ _2\"></span></span><span class=\"ls1 ws0\">-<span class=\"ls2f ws70\">s<span class=\"_ _1\"></span>e<span class=\"_ _2\"></span>rvice fleet<span class=\"_ _2\"></span> includes <span class=\"ls30 ws52\">ei<span class=\"_ _2\"></span>ght<span class=\"ls1 ws0\"> </span></span>chemical <span class=\"_ _2\"></span>tankers, built<span class=\"_ _2\"></span> between <span class=\"ls31 ws53\">2016<span class=\"ls1 ws0\"> <span class=\"ls30 ws50\">and 20<span class=\"_ _2\"></span>1</span>8<span class=\"ls30 ws4f\">. The Gro<span class=\"_ _2\"></span>up has </span></span></span></span></span></div><div class=\"t m0 h98 ff20c fs39 fc2 sc0 ls2f ws70 gs75d\">recognised the s<span class=\"_ _2\"></span>hips in<span class=\"ls1 ws0\">-<span class=\"ls30 ws50\">servi<span class=\"_ _2\"></span>ce i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> ope<span class=\"_ _2\"></span>ning<span class=\"_ _2\"></span> balanc<span class=\"_ _2\"></span>e s<span class=\"_ _2\"></span>heet<span class=\"_ _2\"></span> at t<span class=\"_ _2\"></span>heir<span class=\"_ _2\"></span> fair<span class=\"_ _2\"></span> valu<span class=\"_ _2\"></span>e bas<span class=\"_ _2\"></span>ed on<span class=\"_ _2\"></span> the </span></span></div><div class=\"t m0 h98 ff20c fs39 fc2 sc0 ls30 ws50 gs75e\">guida<span class=\"_ _2\"></span>nce i<span class=\"_ _2\"></span>n IFR<span class=\"_ _2\"></span>S 13 <span class=\"_ _2\"></span>Fair <span class=\"_ _2\"></span>Value<span class=\"_ _2\"></span>. F<span class=\"_ _2\"></span>urthe<span class=\"_ _2\"></span>r<span class=\"ws52\">more<span class=\"_ _2\"></span><span class=\"ls2f ws70\">, the <span class=\"_ _2\"></span>useful eco<span class=\"_ _2\"></span>nomic lives <span class=\"_ _2\"></span>of all rec<span class=\"_ _2\"></span>ognised assets<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 h98 ff20c fs39 fc2 sc0 ls30 ws50 gs75f\">were <span class=\"_ _2\"></span>assess<span class=\"_ _2\"></span>ed a<span class=\"_ _2\"></span>t the<span class=\"_ _2\"></span> ope<span class=\"_ _2\"></span>ning<span class=\"_ _2\"></span> balanc<span class=\"_ _2\"></span>e s<span class=\"_ _2\"></span>heet d<span class=\"_ _2\"></span>ates<span class=\"_ _2\"></span> and <span class=\"_ _2\"></span>any c<span class=\"_ _2\"></span>hang<span class=\"_ _2\"></span>es appl<span class=\"_ _2\"></span>ied p<span class=\"_ _2\"></span>rospe<span class=\"_ _2\"></span>ctiv<span class=\"_ _2\"></span>ely.<span class=\"_ _2\"></span> The<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff20c fs39 fc2 sc0 ls30 ws50 gs760\">income<span class=\"_ _2\"></span> appr<span class=\"_ _2\"></span>oac<span class=\"_ _2\"></span>h was<span class=\"_ _2\"></span> used<span class=\"_ _2\"></span> in <span class=\"_ _2\"></span>the v<span class=\"_ _2\"></span>aluati<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span>se s<span class=\"_ _2\"></span>hips<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _3\"></span><span class=\"ls30 ws50\">w<span class=\"_ _2\"></span>hich<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>nside<span class=\"_ _2\"></span>red t<span class=\"_ _2\"></span>he p<span class=\"_ _2\"></span>resent<span class=\"_ _2\"></span> val<span class=\"_ _2\"></span>ue of<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 h98 ff20c fs39 fc2 sc0 ls30 ws50 gs761\">future<span class=\"_ _2\"></span> cas<span class=\"_ _2\"></span>h flow<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span>and ea<span class=\"_ _2\"></span>rnings<span class=\"_ _2\"></span> e<span class=\"_ _2\"></span>xpe<span class=\"ws4f\">ct<span class=\"_ _2\"></span>ations<span class=\"_ _2\"></span> for eac<span class=\"_ _2\"></span>h vesse<span class=\"_ _2\"></span>l and its<span class=\"_ _2\"></span> resid<span class=\"_ _2\"></span>ual val<span class=\"_ _2\"></span>ue.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 h7e ff20b fs39 fc9 sc0 ls4b ws75 gs762\">Debt <span class=\"_ _2\"></span>relate<span class=\"_ _2\"></span>d to s<span class=\"_ _2\"></span>hips<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff20d fs39 fc2 sc0 ls46 ws49 gs763\">HS4<span class=\"_ _2\"></span>\u2019s de<span class=\"_ _2\"></span>bt<span class=\"_ _2\"></span><span class=\"ff20c ls1 ws0\">,<span class=\"_ _1\"></span> <span class=\"ls30 ws50\">which<span class=\"_ _2\"></span> was s<span class=\"_ _2\"></span>ecu<span class=\"_ _2\"></span>red b<span class=\"_ _2\"></span>y the<span class=\"_ _2\"></span> eight<span class=\"_ _2\"></span> shi<span class=\"_ _2\"></span>ps a<span class=\"_ _2\"></span>re at<span class=\"_ _2\"></span> SOFR<span class=\"_ _2\"></span> plu<span class=\"_ _2\"></span>s a 2.<span class=\"_ _2\"></span>5% m<span class=\"_ _2\"></span>argi<span class=\"_ _2\"></span>n with<span class=\"_ _2\"></span> a $1<span class=\"_ _2\"></span>30.0<span class=\"_ _2\"></span> </span></span></div><div class=\"t m0 h98 ff20c fs39 fc2 sc0 ls2f ws70 gs764\">million balloo<span class=\"_ _2\"></span>n payment d<span class=\"_ _2\"></span>ue in 2028. The<span class=\"_ _2\"></span>re are inte<span class=\"_ _2\"></span>rest rate hedg<span class=\"_ _2\"></span>es on 75<span class=\"_ _2\"></span>% of the l<span class=\"_ _2\"></span>oan. The debt<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff20c fs39 fc2 sc0 ls30 ws50 gs765\">issuanc<span class=\"_ _2\"></span>e co<span class=\"_ _2\"></span>sts<span class=\"_ _2\"></span> were <span class=\"_ _2\"></span>reve<span class=\"_ _2\"></span>rsed<span class=\"_ _2\"></span> upon <span class=\"_ _2\"></span>acqui<span class=\"_ _2\"></span>sitio<span class=\"_ _2\"></span>n.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h7e ff212 fs39 fc9 sc0 ls4c wsaa gs767\">Financial per<span class=\"_ _2\"></span>formance summ<span class=\"_ _2\"></span>ary <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff213 fs39 fc2 sc0 ls30 ws50 gs768\">From t<span class=\"_ _2\"></span>he d<span class=\"_ _2\"></span>ate o<span class=\"_ _2\"></span>f ac<span class=\"_ _2\"></span>quisiti<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span> to N<span class=\"_ _2\"></span>ovemb<span class=\"_ _2\"></span>er 30<span class=\"_ _2\"></span>, 20<span class=\"_ _2\"></span>25, H<span class=\"_ _2\"></span>S4 c<span class=\"_ _2\"></span>ontrib<span class=\"_ _2\"></span>ute<span class=\"_ _2\"></span>d $71.<span class=\"_ _2\"></span>5 mill<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>revenue<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff214 fs39 fc2 sc0 ls2f ws75 gs769\">$26.0 million of net profit to the Group\u2019s results<span class=\"ff213 ls1 ws0\">. </span></div><div class=\"t m0 h98 ff213 fs39 fc2 sc0 ls30 ws50 gs76a\">The f<span class=\"_ _2\"></span>ollowi<span class=\"_ _2\"></span>ng u<span class=\"_ _2\"></span>naudi<span class=\"_ _2\"></span>ted p<span class=\"_ _2\"></span>ro f<span class=\"_ _2\"></span>orma s<span class=\"_ _2\"></span>ummary<span class=\"_ _2\"></span> pr<span class=\"_ _2\"></span>esen<span class=\"_ _2\"></span>ts co<span class=\"_ _2\"></span>nsol<span class=\"_ _2\"></span>idated<span class=\"_ _2\"></span> inf<span class=\"_ _2\"></span>orm<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he G<span class=\"_ _2\"></span>roup a<span class=\"_ _2\"></span>s <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff213 fs39 fc2 sc0 ls30 ws50 gs76b\">if the<span class=\"_ _2\"></span> busi<span class=\"_ _2\"></span>nes<span class=\"_ _2\"></span>s combi<span class=\"_ _2\"></span>nati<span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>had <span class=\"_ _2\"></span>occurr<span class=\"_ _2\"></span><span class=\"ls31 ws51\">ed on December 1, 2024.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div><div class=\"gs76c\"><table class=\"s w10e h17a\" id=\"_c590044e-60a3-45ea-8a5f-bd40092ad9f1\"><tr><td></td><td class=\"c x3f6 y2fac w1d0 h134\"><div class=\"t m0 x245 h85 y2c8b ff212 fs3b fc2 sc0 ls65 ws9b\">Pro forma yea<span class=\"_ _2\"></span>r<span class=\"_ _195\"> </span></div></td></tr><tr><td></td><td class=\"c x3f7 y2fad w1d1 h134\"><div class=\"t m0 x245 h85 y2c8b ff212 fs3b fc2 sc0 ls87 ws5e\">ended November<span class=\"_ _195\"> </span></div></td></tr><tr><td class=\"c x24b y2fae wfa hf2\"><div class=\"t m0 x0 h82 y1c44 ff213 fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ thousands) </div></td><td class=\"c x3f8 y2faf w1d4 h134\"><div class=\"t m0 x245 h85 y2c8b ff212 fs3b fc2 sc0 ls69 wsd6\">30, 2025<span class=\"_ _195\"> </span></div></td></tr><tr><td class=\"c x24b y2fb0 wfa h8b\"><div class=\"t m0 x0 h88 y1bf8 ff213 fs3a fc2 sc0 ls24 ws3b\">Revenue<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2fb0 w20 h8b\"><div class=\"t m0 x17a h87 y1bf8 ff212 fs3a fc2 sc0 ls21 ws35\">2,76<span class=\"_ _2\"></span>9,001<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2fb1 wfa h8a\"><div class=\"t m0 x0 h88 y1bf6 ff213 fs3a fc2 sc0 ls22 ws37\">Net profit<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2fb1 w20 h8a\"><div class=\"t m0 x180 h87 y1bf6 ff212 fs3a fc2 sc0 ls21 ws35\">352<span class=\"ls1 ws0\">,</span>501<span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 h98 ff213 fs39 fc2 sc0 ls30 ws50 gs76d\">If the<span class=\"_ _2\"></span> acq<span class=\"_ _2\"></span>uisi<span class=\"_ _2\"></span>tion <span class=\"_ _2\"></span>had oc<span class=\"_ _2\"></span>cur<span class=\"_ _2\"></span>red o<span class=\"_ _2\"></span>n Dec<span class=\"_ _2\"></span>embe<span class=\"_ _2\"></span>r 1,<span class=\"_ _2\"></span> 2024<span class=\"_ _2\"></span>, reve<span class=\"_ _2\"></span>nue<span class=\"_ _2\"></span> woul<span class=\"_ _2\"></span>d no<span class=\"_ _2\"></span>t hav<span class=\"_ _2\"></span>e cha<span class=\"_ _2\"></span>nged <span class=\"_ _2\"></span>as H<span class=\"_ _2\"></span>S4 wa<span class=\"_ _2\"></span>s </div><div class=\"t m0 h98 ff213 fs39 fc2 sc0 ls30 ws50 gs76e\">a part<span class=\"_ _2\"></span>icip<span class=\"_ _2\"></span>ant i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> <span class=\"ls46 ws6f\">ST<span class=\"_ _2\"></span>JS.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 h98 ff213 fs39 fc2 sc0 ls30 ws50 gs76f\">In de<span class=\"_ _2\"></span>termi<span class=\"_ _2\"></span>ning <span class=\"_ _2\"></span>thes<span class=\"_ _2\"></span>e amou<span class=\"_ _2\"></span>nts,<span class=\"_ _2\"></span> m<span class=\"_ _2\"></span>anageme<span class=\"_ _2\"></span>nt h<span class=\"_ _2\"></span>as a<span class=\"_ _2\"></span>ssumed<span class=\"_ _2\"></span> tha<span class=\"_ _2\"></span>t the<span class=\"_ _2\"></span> fair<span class=\"_ _2\"></span> value<span class=\"_ _2\"></span> ad<span class=\"_ _2\"></span>justm<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff213 fs39 fc2 sc0 ls30 ws50 gs770\">determi<span class=\"_ _2\"></span>ned p<span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span>vision<span class=\"_ _2\"></span>ally <span class=\"_ _2\"></span>at t<span class=\"_ _2\"></span>he d<span class=\"_ _2\"></span>ate of<span class=\"_ _2\"></span> acq<span class=\"_ _2\"></span>uisiti<span class=\"_ _2\"></span>on w<span class=\"_ _2\"></span>ould<span class=\"_ _2\"></span> have<span class=\"_ _2\"></span> bee<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> same<span class=\"_ _2\"></span> if t<span class=\"_ _2\"></span>he ac<span class=\"_ _2\"></span>quisi<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>n had<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff213 fs39 fc2 sc0 ls31 ws51 gs771\">occurred on December 1, 2024<span class=\"ls1 ws0\">. </span></div><div class=\"t m0 ha6 ff212 fs3c fcb sc0 ls4d ws7a gs772\">Acquis<span class=\"_ _2\"></span>ition <span class=\"_ _2\"></span>of Su<span class=\"_ _2\"></span>ttons <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff213 fs39 fc2 sc0 ls2f ws70 gs773\">On November 4<span class=\"_ _2\"></span>, 2025, t<span class=\"_ _2\"></span>he Group acquir<span class=\"_ _2\"></span>ed 100% of <span class=\"_ _2\"></span>the shares<span class=\"_ _2\"></span> of Suttons<span class=\"_ _2\"></span> for $79<span class=\"_ _2\"></span>.4 million <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff214 fs39 fc2 sc0 ls30 ws50 gs774\">(\u00a358.6<span class=\"_ _2\"></span> milli<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>). The<span class=\"_ _2\"></span> Group<span class=\"_ _2\"></span>\u2019s<span class=\"_ _2\"></span> purp<span class=\"_ _2\"></span>ose of <span class=\"_ _2\"></span>acq<span class=\"_ _2\"></span>uiring<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> sha<span class=\"_ _2\"></span>res of<span class=\"_ _2\"></span> Su<span class=\"_ _2\"></span>ttons<span class=\"_ _2\"></span> was t<span class=\"_ _2\"></span>o exp<span class=\"_ _2\"></span>and<span class=\"_ _2\"></span> the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span>\u2019s </div><div class=\"t m0 h98 ff213 fs39 fc2 sc0 ls30 ws50 gs775\">ISO t<span class=\"_ _2\"></span>ank fl<span class=\"_ _2\"></span>eet <span class=\"_ _2\"></span>and b<span class=\"_ _2\"></span>roade<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>roduct<span class=\"_ _2\"></span> of<span class=\"_ _2\"></span>fering<span class=\"_ _2\"></span> with<span class=\"_ _2\"></span> spec<span class=\"_ _2\"></span>ialis<span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>areas<span class=\"_ _2\"></span> of e<span class=\"_ _2\"></span>xpe<span class=\"_ _2\"></span>rtise<span class=\"_ _2\"></span><span class=\"ls1 ws0\">. </span></div><div class=\"t m0 h98 ff213 fs39 fc2 sc0 ls30 ws50 gs776\">Since<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> trans<span class=\"_ _2\"></span>actio<span class=\"_ _2\"></span>n was<span class=\"_ _2\"></span> com<span class=\"_ _2\"></span>ple<span class=\"_ _2\"></span>ted cl<span class=\"_ _2\"></span>ose to<span class=\"_ _2\"></span> ye<span class=\"_ _2\"></span>ar end<span class=\"_ _2\"></span>, th<span class=\"_ _2\"></span>e p<span class=\"_ _2\"></span>urch<span class=\"_ _2\"></span>ase co<span class=\"_ _2\"></span>nsider<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>on, fai<span class=\"_ _2\"></span>r v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span>s an<span class=\"_ _2\"></span>d </div><div class=\"t m0 h98 ff213 fs39 fc2 sc0 ls30 ws50 gs777\">purch<span class=\"_ _2\"></span>ase pr<span class=\"_ _2\"></span>ice <span class=\"_ _2\"></span>alloc<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> pre<span class=\"_ _2\"></span>limina<span class=\"_ _2\"></span>ry <span class=\"_ _2\"></span>and s<span class=\"_ _2\"></span>ubjec<span class=\"_ _2\"></span>t to<span class=\"_ _2\"></span> chang<span class=\"_ _2\"></span>e. <span class=\"_ _2\"></span>As pe<span class=\"_ _2\"></span>rmitt<span class=\"_ _2\"></span>ed und<span class=\"_ _2\"></span>er <span class=\"_ _2\"></span>IFRS 3<span class=\"_ _2\"></span>, if<span class=\"_ _2\"></span> ne<span class=\"_ _2\"></span>w </div><div class=\"t m0 h98 ff213 fs39 fc2 sc0 ls30 ws50 gs778\">inform<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>n ob<span class=\"_ _2\"></span>tained<span class=\"_ _2\"></span> wit<span class=\"_ _2\"></span>hin o<span class=\"_ _2\"></span>ne y<span class=\"_ _2\"></span>ear of<span class=\"_ _2\"></span> the d<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span> of <span class=\"_ _2\"></span>acqui<span class=\"_ _2\"></span>siti<span class=\"_ _2\"></span>on ab<span class=\"_ _2\"></span>out f<span class=\"_ _2\"></span>acts<span class=\"_ _2\"></span> and c<span class=\"_ _2\"></span>irc<span class=\"_ _2\"></span>umst<span class=\"_ _2\"></span>ances <span class=\"_ _2\"></span>tha<span class=\"_ _2\"></span>t </div><div class=\"t m0 h98 ff213 fs39 fc2 sc0 ls2f ws70 gs779\">existed at t<span class=\"_ _2\"></span>he date of <span class=\"_ _2\"></span>acquisition <span class=\"_ _2\"></span>identifies ad<span class=\"_ _2\"></span>justments to t<span class=\"_ _2\"></span>he below amo<span class=\"_ _2\"></span>unts or <span class=\"_ _2\"></span>any addition<span class=\"_ _2\"></span>al </div><div class=\"t m0 h98 ff213 fs39 fc2 sc0 ls30 ws50 gs77a\">provi<span class=\"_ _2\"></span>sions<span class=\"_ _2\"></span> that<span class=\"_ _2\"></span> exis<span class=\"_ _2\"></span>ted <span class=\"_ _2\"></span>at t<span class=\"_ _2\"></span>he da<span class=\"_ _2\"></span>te of<span class=\"_ _2\"></span> acq<span class=\"_ _2\"></span>uisi<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> acc<span class=\"_ _2\"></span>ounti<span class=\"_ _2\"></span>ng fo<span class=\"_ _2\"></span>r thi<span class=\"_ _2\"></span>s ac<span class=\"_ _2\"></span>quisi<span class=\"_ _2\"></span>tion<span class=\"_ _2\"></span> will<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff213 fs39 fc2 sc0 ls31 ws53 gs77b\">be<span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws4e\">revised<span class=\"ls50 ws7d\">. <span class=\"ls1 ws0\"> </span></span></span></span></div><div class=\"t m0 h98 ff213 fs39 fc2 sc0 ls30 ws50 gs77c\">The f<span class=\"_ _2\"></span>ollowi<span class=\"_ _2\"></span>ng tab<span class=\"_ _2\"></span>le s<span class=\"_ _2\"></span>umma<span class=\"_ _2\"></span>rise<span class=\"_ _2\"></span>s the<span class=\"_ _2\"></span> preli<span class=\"_ _2\"></span>mina<span class=\"_ _2\"></span>ry c<span class=\"_ _2\"></span>onsid<span class=\"_ _2\"></span>erat<span class=\"_ _2\"></span>ion t<span class=\"_ _2\"></span>ra<span class=\"_ _2\"></span>nsferre<span class=\"_ _2\"></span>d t<span class=\"_ _2\"></span>o acqu<span class=\"_ _2\"></span>ire<span class=\"_ _2\"></span> Sutto<span class=\"_ _2\"></span>ns a<span class=\"_ _2\"></span>nd </div><div class=\"t m0 h98 ff213 fs39 fc2 sc0 ls2f ws70 gs77d\">the amounts of<span class=\"_ _2\"></span> identified <span class=\"_ _2\"></span>assets <span class=\"_ _2\"></span>acquired and li<span class=\"_ _2\"></span>abilities ass<span class=\"_ _2\"></span>umed at that<span class=\"_ _2\"></span> date<span class=\"ls1 ws0\">. </span></div><div class=\"gs77e\"><table class=\"s w10e h17c\" id=\"_318a12b6-4557-47fd-bd5a-27847ed8181a\"><tr><td class=\"c x246 y2fc5 w179 h10c\"><div class=\"t m0 x245 h82 y2e0b ff213 fs3b fc2 sc0 ls1 ws0\">(in</div><div class=\"t m0 x2b9 h82 y2e0b ff213 fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ thousands)<span class=\"_ _195\"> </span></div></td><td></td></tr><tr><td class=\"c x24b y2fc6 wfa h8a\"><div class=\"t m0 x0 h88 y1c41 ff213 fs3a fc2 sc0 ls22 ws37\">Cash consid<span class=\"_ _1\"></span>eration for equi<span class=\"_ _1\"></span>ty<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2fc6 w20 h8a\"><div class=\"t m0 x183 h88 y1c41 ff213 fs3a fc2 sc0 ls20 ws36\">79,425<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2fc7 wfa h86\"><div class=\"t m0 x0 h88 y1bef ff213 fs3a fc2 sc0 ls22 ws37\">Share of clos<span class=\"_ _1\"></span>ing debt and interest ra<span class=\"_ _1\"></span>te swap assumed<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2fc7 w20 h86\"><div class=\"t m0 x183 h88 y1bef ff213 fs3a fc2 sc0 ls20 ws36\">38,035<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2fc8 wfa h86\"><div class=\"t m0 x0 h88 y1c50 ff213 fs3a fc2 sc0 ls22 ws37\">Share of worki<span class=\"_ _1\"></span>ng capital<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2fc8 w2b h86\"><div class=\"t m0 x47 h88 y1c50 ff213 fs3a fc2 sc0 ls20 ws36\">(585)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2fc9 wfa h86\"><div class=\"t m0 x0 h88 y1bfa ff213 fs3a fc2 sc0 ls29 ws42\">Total con<span class=\"_ _2\"></span>sideration<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2fc9 w20 h86\"><div class=\"t m0 x181 h88 y1bfa ff213 fs3a fc2 sc0 ls20 ws36\">116,875<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 h98 ff213 fs39 fc2 sc0 ls2f ws70 gs77f\">The expenses <span class=\"_ _2\"></span>related to t<span class=\"_ _2\"></span>he acquisitio<span class=\"_ _2\"></span>n of Sutton<span class=\"_ _2\"></span>s was $2.8<span class=\"_ _2\"></span> million have<span class=\"_ _2\"></span> been recorded<span class=\"_ _2\"></span> to </div><div class=\"t m0 h98 ff213 fs39 fc2 sc0 ls2f ws70 gs780\">Administrative <span class=\"_ _2\"></span>and general expe<span class=\"_ _2\"></span>nses.<span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff213 fs39 fc2 sc0 ls2f ws70 gs781\">Recognised amou<span class=\"_ _2\"></span>nts of identifia<span class=\"_ _2\"></span>ble assets <span class=\"_ _2\"></span>acquired and <span class=\"_ _2\"></span>liabilities<span class=\"_ _2\"></span> assumed:<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"gs782\"><table class=\"s w1d5 h17b\" id=\"_ac4a6838-68e7-4c90-a941-e3867a3f3d67\"><tr><td></td><td></td><td class=\"c x3ef y2fb2 w100 hb7\"><div class=\"t m0 x90 h82 y1f54 ff213 fs3b fc2 sc0 ls1e ws32\">Preliminary<span class=\"ls1 ws0\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"c x3ee y2fb3 w1cd h102\"><div class=\"t m0 x245 h82 y29a7 ff213 fs3b fc2 sc0 ls1e ws32\">Fair <span class=\"ls1 ws0\">v</span></div><div class=\"t m0 x3ed h82 y29a6 ff213 fs3b fc2 sc0 ls2d ws4a\">alue<span class=\"_ _195\"> </span></div></td><td></td></tr><tr><td class=\"c x246 y2fb4 w170 h102\"><div class=\"t m0 x245 h82 y29a6 ff213 fs3b fc2 sc0 ls1 ws0\">(in</div><div class=\"t m0 x2f3 h82 y29a7 ff213 fs3b fc2 sc0 ls1 ws0\"><span class=\"ls1c ws30\">US </span>$ <span class=\"ls1d ws31\">thousan<span class=\"_ _2\"></span>ds)<span class=\"_ _195\"> </span></span></div></td><td class=\"c x3ef y2fb5 w48 hb6\"><div class=\"t m0 x191 h82 y1bd8 ff213 fs3b fc2 sc0 ls1e ws32\">Transfer <span class=\"ls1 ws0\">v<span class=\"ls2d ws4a\">alue</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3f0 y2fb6 w1ce h103\"><div class=\"t m0 x245 h82 y29a6 ff213 fs3b fc2 sc0 ls1 ws0\">adjustments<span class=\"_ _195\"> </span></div></td><td class=\"c x2de y2fb5 w2a hb6\"><div class=\"t m0 x1a0 h82 y1bd8 ff213 fs3b fc2 sc0 ls1 ws0\">Total </div></td></tr><tr><td class=\"c x241 y2fb7 wfb h86\"><div class=\"t m0 x0 h88 y1bde ff213 fs3a fc2 sc0 ls24 ws3a\">Cash and cash equivalents<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ef y2fb7 w48 h86\"><div class=\"t m0 x184 h88 y1bde ff213 fs3a fc2 sc0 ls20 ws36\">4,200<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2fb7 w20 h86\"><div class=\"t m0 x2d h88 y1bde ff214 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff213\"> </span></div></td><td class=\"c x2de y2fb7 w2a h86\"><div class=\"t m0 x184 h88 y1bde ff213 fs3a fc2 sc0 ls20 ws36\">4,200<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2fb8 wfb h86\"><div class=\"t m0 x0 h88 y1be4 ff213 fs3a fc2 sc0 ls22 ws37\">Net working cap<span class=\"_ _1\"></span>ital<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ef y2fb8 w48 h86\"><div class=\"t m0 x171 h88 y1be4 ff213 fs3a fc2 sc0 ls20 ws36\">585<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2fb8 w20 h86\"><div class=\"t m0 x2d h88 y1be4 ff214 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff213\"> </span></div></td><td class=\"c x2de y2fb8 w2a h86\"><div class=\"t m0 x171 h88 y1be4 ff213 fs3a fc2 sc0 ls20 ws36\">585<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2fb9 wfb h8a\"><div class=\"t m0 x0 h88 y1be6 ff213 fs3a fc2 sc0 ls24 ws3a\">Property, plant and equipment<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ef y2fb9 w48 h8a\"><div class=\"t m0 x183 h88 y1be6 ff213 fs3a fc2 sc0 ls20 ws36\">79,864<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2fb9 w20 h8a\"><div class=\"t m0 x2d h88 y1be6 ff214 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff213\"> </span></div></td><td class=\"c x2de y2fb9 w2a h8a\"><div class=\"t m0 x183 h88 y1be6 ff213 fs3a fc2 sc0 ls20 ws36\">79,864<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2fba wfb h86\"><div class=\"t m0 x0 h88 y1be4 ff213 fs3a fc2 sc0 ls1f ws43\">Right<span class=\"ls1 ws0\">-<span class=\"ls22 ws3e\">of</span>-<span class=\"_ _1\"></span><span class=\"ls25 ws3c\">use assets</span></span><span class=\"ls1 ws0\"><span class=\"ls25 ws3c\"><span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x3ef y2fba w48 h86\"><div class=\"t m0 x183 h88 y1be4 ff213 fs3a fc2 sc0 ls20 ws36\">14,912<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2fba w20 h86\"><div class=\"t m0 x2d h88 y1be4 ff214 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff213\"> </span></div></td><td class=\"c x2de y2fba w2a h86\"><div class=\"t m0 x183 h88 y1be4 ff213 fs3a fc2 sc0 ls20 ws36\">14,912<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2fbb wfb h86\"><div class=\"t m0 x0 h88 y1be2 ff213 fs3a fc2 sc0 ls22 ws37\">Customer rela<span class=\"_ _1\"></span>tions<span class=\"ls1 ws0\"> <span class=\"ls29 ws42\">intangible asset</span></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ef y2fbb w48 h86\"><div class=\"t m0 x2d h88 y1be2 ff214 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff213\"> </span></div></td><td class=\"c x2a7 y2fbb w20 h86\"><div class=\"t m0 x183 h88 y1be2 ff213 fs3a fc2 sc0 ls1 ws0\">1<span class=\"_ _1\"></span><span class=\"ls20 ws36\">0,21<span class=\"_ _2\"></span><span class=\"ls1 ws0\">8</span></span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></div></td><td class=\"c x2de y2fbb w2a h86\"><div class=\"t m0 x183 h88 y1be2 ff213 fs3a fc2 sc0 ls1 ws0\">1<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span><span class=\"ls20 ws36\">21<span class=\"_ _2\"></span><span class=\"ls1 ws0\">8</span></span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></div></td></tr><tr><td class=\"c x241 y2fbc wfb ha4\"><div class=\"t m0 x0 h88 y1c18 ff213 fs3a fc2 sc0 ls26 ws3d\">Deferred tax ass<span class=\"_ _1\"></span>et<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ef y2fbc w48 ha4\"><div class=\"t m0 x184 h88 y1c18 ff213 fs3a fc2 sc0 ls20 ws36\">4,608<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2fbc w24 ha4\"><div class=\"t m0 x186 h88 y1c18 ff213 fs3a fc2 sc0 ls20 ws36\">(4,608)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2fbc w2a ha4\"><div class=\"t m0 x2d h88 y1c18 ff214 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff213\"> </span></div></td></tr><tr><td class=\"c x241 y2fbd wfb h86\"><div class=\"t m0 x0 h88 y1bea ff213 fs3a fc2 sc0 ls25 ws3c\">Other assets<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ef y2fbd w48 h86\"><div class=\"t m0 x171 h88 y1bea ff213 fs3a fc2 sc0 ls20 ws36\">553<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2fbd w20 h86\"><div class=\"t m0 x2d h88 y1bea ff214 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff213\"> </span></div></td><td class=\"c x2de y2fbd w2a h86\"><div class=\"t m0 x171 h88 y1bea ff213 fs3a fc2 sc0 ls20 ws36\">553<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2fbe wfb h86\"><div class=\"t m0 x0 h88 y1be8 ff213 fs3a fc2 sc0 ls28 ws40\">Long<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">term debt and<span class=\"_ _2\"></span> lease <span class=\"_ _2\"></span>liabilities</span></span><span class=\"ls1 ws0\"><span class=\"ls29 ws42\"><span class=\"_ _2\"></span></span> </span></div></td><td class=\"c x3ef y2fbe w25 h86\"><div class=\"t m0 x187 h88 y1be8 ff213 fs3a fc2 sc0 ls20 ws36\">(42,235)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2fbe w20 h86\"><div class=\"t m0 x2d h88 y1be8 ff214 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff213\"> </span></div></td><td class=\"c x2de y2fbe w2c h86\"><div class=\"t m0 x187 h88 y1be8 ff213 fs3a fc2 sc0 ls20 ws36\">(42,235)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2fbf wfb h8a\"><div class=\"t m0 x0 h88 y1c65 ff213 fs3a fc2 sc0 ls22 ws3e\">Provis<span class=\"_ _1\"></span>ions<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ef y2fbf w48 h8a\"><div class=\"t m0 x2d h88 y1c65 ff214 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff213\"> </span></div></td><td class=\"c x2a7 y2fbf w24 h8a\"><div class=\"t m0 x186 h88 y1c65 ff213 fs3a fc2 sc0 ls20 ws36\">(2,036)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2fbf w2c h8a\"><div class=\"t m0 x186 h88 y1c65 ff213 fs3a fc2 sc0 ls20 ws36\">(2,036)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2fc0 wfb h86\"><div class=\"t m0 x0 h88 y1bef ff213 fs3a fc2 sc0 ls29 ws42\">Deferre<span class=\"_ _2\"></span>d tax liability<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ef y2fc0 w25 h86\"><div class=\"t m0 x187 h88 y1bef ff213 fs3a fc2 sc0 ls20 ws36\">(14,357)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2fc0 w20 h86\"><div class=\"t m0 x171 h88 y1bef ff213 fs3a fc2 sc0 ls20 ws36\">509<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2de y2fc0 w2c h86\"><div class=\"t m0 x187 h88 y1bef ff213 fs3a fc2 sc0 ls20 ws36\">(13,848)<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2fc1 wfb h86\"><div class=\"t m0 x0 h88 y1c4c ff213 fs3a fc2 sc0 ls22 ws3e\">Non<span class=\"ls1 ws0\">-<span class=\"_ _1\"></span><span class=\"ls29 ws42\">co<span class=\"_ _2\"></span>ntrolling inter<span class=\"_ _2\"></span>est</span></span><span class=\"ls1 ws0\"><span class=\"ls29 ws42\"><span class=\"ls1 ws0\"> </span></span></span></div></td><td class=\"c x3ef y2fc1 w25 h86\"><div class=\"t m0 x188 h88 y1c4c ff213 fs3a fc2 sc0 ls20 ws36\">(226)<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2fc1 w20 h86\"><div class=\"t m0 x2d h88 y1c4c ff214 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff213\"> </span></div></td><td class=\"c x2de y2fc1 w2c h86\"><div class=\"t m0 x188 h88 y1c4c ff213 fs3a fc2 sc0 ls20 ws36\">(226)<span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2fc2 wfb h8a\"><div class=\"t m0 x0 h88 y1c3f ff213 fs3a fc2 sc0 ls25 ws3c\">Net assets acquired<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ef y2fc2 w48 h8a\"><div class=\"t m0 x183 h88 y1c3f ff213 fs3a fc2 sc0 ls20 ws36\">47,904<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td><td class=\"c x2a7 y2fc2 w20 h8a\"><div class=\"t m0 x184 h88 y1c3f ff213 fs3a fc2 sc0 ls1 ws0\">4<span class=\"_ _1\"></span>,<span class=\"ls20 ws36\">083</span> </div></td><td class=\"c x2de y2fc2 w2a h8a\"><div class=\"t m0 x183 h88 y1c3f ff213 fs3a fc2 sc0 ls1 ws0\">5<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span><span class=\"ls20 ws36\">98<span class=\"_ _2\"></span>7</span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></div></td></tr><tr><td class=\"c x241 y2fc3 wfb h90\"><div class=\"t m0 x0 h88 y27a3 ff213 fs3a fc2 sc0 ls22 ws37\">Considera<span class=\"_ _1\"></span>tion paid for net ass<span class=\"_ _1\"></span>ets and <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 x0 h88 y1bef ff213 fs3a fc2 sc0 ls24 ws3b\">non<span class=\"ls1 ws0\">-<span class=\"ls29 ws42\">controlling inter<span class=\"_ _2\"></span>est</span> </span></div></td><td class=\"c x3ef y2fc3 w48 h90\"><div class=\"t m0 x2d h88 y1bef ff214 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff213\"> </span></div></td><td class=\"c x2a7 y2fc3 w20 h90\"><div class=\"t m0 x2d h88 y1bef ff214 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff213\"> </span></div></td><td class=\"c x2de y2fc3 w2a h90\"><div class=\"t m0 x183 h88 y1bef ff213 fs3a fc2 sc0 ls20 ws36\">79,425<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x241 y2fc4 wfb h8a\"><div class=\"t m0 x0 h88 y1c4d ff213 fs3a fc2 sc0 ls29 ws44\">Goodwill <span class=\"ls1 ws0\"> </span></div></td><td class=\"c x3ef y2fc4 w48 h8a\"><div class=\"t m0 x2d h88 y1c4d ff214 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff213\"> </span></div></td><td class=\"c x2a7 y2fc4 w20 h8a\"><div class=\"t m0 x2d h88 y1c4d ff214 fs3a fc2 sc0 ls1 ws0\">\u2013<span class=\"ff213\"> </span></div></td><td class=\"c x2de y2fc4 w2a h8a\"><div class=\"t m0 x183 h88 y1c4d ff213 fs3a fc2 sc0 ls1 ws0\">2<span class=\"_ _1\"></span>7,<span class=\"_ _1\"></span><span class=\"ls20 ws36\">43<span class=\"_ _2\"></span>8</span><span class=\"ls20 ws36\"><span class=\"ls1 ws0\"> </span></span></div></td></tr></table></div><div class=\"t m0 h98 ff213 fs39 fc2 sc0 ls2f ws70 gs783\">The goodwill is<span class=\"_ _2\"></span> attributable<span class=\"_ _2\"></span> to the syn<span class=\"_ _2\"></span>ergies expected <span class=\"_ _2\"></span>to arise<span class=\"_ _2\"></span> after acqu<span class=\"_ _2\"></span>isition and<span class=\"_ _2\"></span> the workforce<span class=\"_ _2\"></span> of </div><div class=\"t m0 h98 ff213 fs39 fc2 sc0 ls30 ws50 gs784\">the acq<span class=\"_ _2\"></span>uir<span class=\"_ _2\"></span>ed b<span class=\"_ _2\"></span>usines<span class=\"_ _2\"></span>s.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff213 fs39 fc2 sc0 ls2f ws4e gs785\">The <span class=\"_ _1\"></span><span class=\"ws75\">C<span class=\"_ _2\"></span>ustomer relations<span class=\"ls1 ws0\"> </span><span class=\"ws70\">intangible asset<span class=\"_ _2\"></span> valuation w<span class=\"_ _2\"></span>as based<span class=\"_ _2\"></span> on the exp<span class=\"_ _2\"></span>ected value <span class=\"_ _2\"></span>of the </span></span></div><div class=\"t m0 h98 ff214 fs39 fc2 sc0 ls2f ws70 gs786\">expansion of t<span class=\"_ _2\"></span>he Group\u2019s p<span class=\"_ _2\"></span>roduct offeri<span class=\"_ _2\"></span>ngs with spec<span class=\"_ _2\"></span>ialised area<span class=\"_ _2\"></span>s of exper<span class=\"_ _2\"></span>tise and the<span class=\"_ _2\"></span> benefit of<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff213 fs39 fc2 sc0 ls30 ws50 gs787\">establ<span class=\"_ _2\"></span>ishi<span class=\"_ _2\"></span>ng rel<span class=\"_ _2\"></span>atio<span class=\"_ _2\"></span>nships<span class=\"_ _2\"></span> wit<span class=\"_ _2\"></span>h n<span class=\"_ _2\"></span>ew cus<span class=\"_ _2\"></span>tome<span class=\"_ _2\"></span>rs.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff213 fs39 fc2 sc0 ls30 ws50 gs788\">These<span class=\"_ _2\"></span> fair<span class=\"_ _2\"></span> value<span class=\"_ _2\"></span> mea<span class=\"_ _2\"></span>surem<span class=\"_ _2\"></span>ents<span class=\"_ _2\"></span> are<span class=\"_ _2\"></span> bas<span class=\"_ _2\"></span>ed on<span class=\"_ _2\"></span> sig<span class=\"_ _2\"></span>nifica<span class=\"_ _2\"></span>nt i<span class=\"_ _2\"></span>nput<span class=\"_ _2\"></span>s no<span class=\"_ _2\"></span>t obse<span class=\"_ _2\"></span>rvab<span class=\"_ _2\"></span>le i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> marke<span class=\"_ _2\"></span>t <span class=\"_ _2\"></span>and </div><div class=\"t m0 h98 ff213 fs39 fc2 sc0 ls2f ws70 gs789\">thus represent Le<span class=\"_ _2\"></span>vel 3 mea<span class=\"_ _2\"></span>surements<span class=\"ls1 ws0\">. </span></div><div class=\"t m0 h7e ff212 fs39 fc9 sc0 ls4c wsaa gs78a\">ISO tank flee<span class=\"_ _2\"></span>t <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff214 fs39 fc2 sc0 ls31 ws51 gs78b\">Suttons\u2019 ISO tank fleet includes 7,254 owned tank containers built from 1994 to 2023 and 4,089 </div><div class=\"t m0 h98 ff213 fs39 fc2 sc0 ls30 ws50 gs78c\">leased<span class=\"_ _2\"></span> tank<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>ntaine<span class=\"_ _2\"></span>rs. T<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> has<span class=\"_ _2\"></span> recog<span class=\"_ _2\"></span>nised<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> asse<span class=\"_ _2\"></span>ts i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> openi<span class=\"_ _2\"></span>ng b<span class=\"_ _2\"></span>alanc<span class=\"_ _2\"></span>e she<span class=\"_ _2\"></span>et <span class=\"_ _2\"></span>at t<span class=\"_ _2\"></span>heir </div><div class=\"t m0 h98 ff213 fs39 fc2 sc0 ls30 ws50 gs78d\">fair v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> based<span class=\"_ _2\"></span> on<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> guid<span class=\"_ _2\"></span>ance <span class=\"_ _2\"></span>in IFR<span class=\"_ _2\"></span>S 13<span class=\"_ _2\"></span>, Fa<span class=\"_ _2\"></span>ir V<span class=\"_ _2\"></span>alue. <span class=\"_ _2\"></span>Furt<span class=\"_ _2\"></span>he<span class=\"ls2f ws70\">r, t<span class=\"_ _2\"></span>he useful eco<span class=\"_ _2\"></span>nomic lives <span class=\"_ _2\"></span>of all </span></div><div class=\"t m0 h98 ff213 fs39 fc2 sc0 ls30 ws50 gs78e\">recogn<span class=\"_ _2\"></span>ised<span class=\"_ _2\"></span> asset<span class=\"_ _2\"></span>s we<span class=\"_ _2\"></span>re as<span class=\"_ _2\"></span>sesse<span class=\"_ _2\"></span>d a<span class=\"_ _2\"></span>t the<span class=\"_ _2\"></span> ope<span class=\"_ _2\"></span>ning b<span class=\"_ _2\"></span>alance<span class=\"_ _2\"></span> she<span class=\"_ _2\"></span>et d<span class=\"_ _2\"></span>ates<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> any c<span class=\"_ _2\"></span>hange<span class=\"_ _2\"></span>s app<span class=\"_ _2\"></span>lied<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff213 fs39 fc2 sc0 ls30 ws50 gs78f\">prospec<span class=\"_ _2\"></span>tivel<span class=\"_ _2\"></span>y. T<span class=\"_ _2\"></span>he i<span class=\"_ _2\"></span>ncome<span class=\"_ _2\"></span> app<span class=\"_ _2\"></span>roach<span class=\"_ _2\"></span> was<span class=\"_ _2\"></span> used i<span class=\"_ _2\"></span>n t<span class=\"_ _2\"></span>he val<span class=\"_ _2\"></span>uati<span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>of these<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>ank co<span class=\"_ _2\"></span>ntai<span class=\"_ _2\"></span>ners<span class=\"_ _2\"></span><span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws52\">whic<span class=\"_ _2\"></span>h </span></span></div><div class=\"t m0 h98 ff213 fs39 fc2 sc0 ls30 ws50 gs790\">conside<span class=\"_ _2\"></span>red<span class=\"_ _2\"></span> the p<span class=\"_ _2\"></span>rese<span class=\"_ _2\"></span>nt v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> of f<span class=\"_ _2\"></span>uture<span class=\"_ _2\"></span> cash<span class=\"_ _2\"></span> flows<span class=\"_ _2\"></span> and<span class=\"_ _2\"></span> ea<span class=\"_ _2\"></span>rnings<span class=\"_ _2\"></span> ex<span class=\"_ _2\"></span>pectati<span class=\"_ _2\"></span>ons<span class=\"_ _2\"></span> for<span class=\"_ _2\"></span> each <span class=\"_ _2\"></span>tank </div><div class=\"t m0 h98 ff213 fs39 fc2 sc0 ls30 ws50 gs791\">contai<span class=\"_ _2\"></span>ner a<span class=\"_ _2\"></span>nd i<span class=\"_ _2\"></span>ts re<span class=\"_ _2\"></span>sidu<span class=\"_ _2\"></span>al v<span class=\"_ _2\"></span>alue<span class=\"ls1 ws0\">.</span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h7e ff217 fs39 fc9 sc0 ls4c wsaa gs793\">Financial per<span class=\"_ _2\"></span>formance summ<span class=\"_ _2\"></span>ary <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff218 fs39 fc2 sc0 ls30 ws50 gs794\">From t<span class=\"_ _2\"></span>he d<span class=\"_ _2\"></span>ate o<span class=\"_ _2\"></span>f ac<span class=\"_ _2\"></span>quisiti<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span> to N<span class=\"_ _2\"></span>ovemb<span class=\"_ _2\"></span>er 30<span class=\"_ _2\"></span>, 20<span class=\"_ _2\"></span>25, S<span class=\"_ _2\"></span>utto<span class=\"_ _2\"></span>ns con<span class=\"_ _2\"></span>trib<span class=\"_ _2\"></span>uted $<span class=\"_ _2\"></span>10.1<span class=\"_ _2\"></span> milli<span class=\"_ _2\"></span>on of<span class=\"_ _2\"></span> re<span class=\"_ _2\"></span>venue<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff219 fs39 fc2 sc0 ls30 ws50 gs795\">and a<span class=\"_ _2\"></span> $1.0 m<span class=\"_ _2\"></span>ill<span class=\"_ _2\"></span>ion <span class=\"_ _2\"></span>net lo<span class=\"_ _2\"></span>ss <span class=\"_ _2\"></span>to t<span class=\"_ _2\"></span>he Gro<span class=\"_ _2\"></span>up\u2019s<span class=\"_ _2\"></span> resul<span class=\"_ _2\"></span>ts<span class=\"ff218 ls1 ws0\">. </span></div><div class=\"t m0 h98 ff218 fs39 fc2 sc0 ls30 ws50 gs796\">The f<span class=\"_ _2\"></span>ollowi<span class=\"_ _2\"></span>ng u<span class=\"_ _2\"></span>naudi<span class=\"_ _2\"></span>ted p<span class=\"_ _2\"></span>ro f<span class=\"_ _2\"></span>orma s<span class=\"_ _2\"></span>umm<span class=\"_ _2\"></span>ary p<span class=\"_ _2\"></span>resen<span class=\"_ _2\"></span>ts c<span class=\"_ _2\"></span>onsol<span class=\"_ _2\"></span>id<span class=\"_ _2\"></span>ated inf<span class=\"_ _2\"></span>orm<span class=\"_ _2\"></span>ation<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> as<span class=\"_ _2\"></span> <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff218 fs39 fc2 sc0 ls30 ws50 gs797\">if the<span class=\"_ _2\"></span> busi<span class=\"_ _2\"></span>nes<span class=\"_ _2\"></span>s combi<span class=\"_ _2\"></span>nati<span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>had <span class=\"_ _2\"></span>occurre<span class=\"_ _2\"></span>d on<span class=\"_ _2\"></span> Dec<span class=\"_ _2\"></span>ember<span class=\"_ _2\"></span> 1, 2<span class=\"_ _2\"></span>024.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"gs76c\"><table class=\"s w10e h17a\" id=\"_da43126f-4a43-440f-b8ce-bba70cea1d43\"><tr><td></td><td class=\"c x3f6 y2fac w1d0 h134\"><div class=\"t m0 x245 h85 y2c8b ff217 fs3b fc2 sc0 ls65 ws9b\">Pro forma yea<span class=\"_ _2\"></span>r<span class=\"_ _195\"> </span></div></td></tr><tr><td></td><td class=\"c x3f7 y2fad w1d1 h134\"><div class=\"t m0 x245 h85 y2c8b ff217 fs3b fc2 sc0 ls87 ws5e\">ended November<span class=\"_ _195\"> </span></div></td></tr><tr><td class=\"c x24b y2fae wfa hf2\"><div class=\"t m0 x0 h82 y1c44 ff218 fs3b fc2 sc0 ls1 ws0\">(in <span class=\"ls1c ws30\">US </span>$ thousands) </div></td><td class=\"c x3f8 y2faf w1d4 h134\"><div class=\"t m0 x245 h85 y2c8b ff217 fs3b fc2 sc0 ls69 wsd6\">30, 2025<span class=\"_ _195\"> </span></div></td></tr><tr><td class=\"c x24b y2fb0 wfa h8b\"><div class=\"t m0 x0 h88 y1bf8 ff218 fs3a fc2 sc0 ls24 ws3b\">Revenue<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2fb0 w20 h8b\"><div class=\"t m0 x17a h87 y1bf8 ff217 fs3a fc2 sc0 ls21 ws35\">2,93<span class=\"_ _2\"></span>4,401<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div></td></tr><tr><td class=\"c x24b y2fb1 wfa h8a\"><div class=\"t m0 x0 h88 y1bf6 ff218 fs3a fc2 sc0 ls22 ws37\">Net profit<span class=\"ls1 ws0\"> </span></div></td><td class=\"c x24e y2fb1 w20 h8a\"><div class=\"t m0 x180 h87 y1bf6 ff217 fs3a fc2 sc0 ls21 ws35\">348,<span class=\"_ _2\"></span>856<span class=\"ls1 ws0\"> </span></div></td></tr></table></div><div class=\"t m0 h98 ff218 fs39 fc2 sc0 ls30 ws50 gs798\">These<span class=\"_ _2\"></span> pro f<span class=\"_ _2\"></span>orma<span class=\"_ _2\"></span> adj<span class=\"_ _2\"></span>ustme<span class=\"_ _2\"></span>nts h<span class=\"_ _2\"></span>ave b<span class=\"_ _2\"></span>een cal<span class=\"_ _2\"></span>cul<span class=\"_ _2\"></span>ated<span class=\"_ _2\"></span> after<span class=\"_ _2\"></span> adju<span class=\"_ _2\"></span>sti<span class=\"_ _2\"></span>ng the<span class=\"_ _2\"></span> resul<span class=\"_ _2\"></span>ts<span class=\"_ _2\"></span> of t<span class=\"_ _2\"></span>he Gr<span class=\"_ _2\"></span>oup t<span class=\"_ _2\"></span>o </div><div class=\"t m0 h98 ff218 fs39 fc2 sc0 ls30 ws50 gs799\">reflect<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> addi<span class=\"_ _2\"></span>tio<span class=\"_ _2\"></span>nal dep<span class=\"_ _2\"></span>rec<span class=\"_ _2\"></span>iatio<span class=\"_ _2\"></span>n and<span class=\"_ _2\"></span> amo<span class=\"_ _2\"></span>rtisa<span class=\"_ _2\"></span>tion <span class=\"_ _2\"></span>that<span class=\"_ _2\"></span> woul<span class=\"_ _2\"></span>d h<span class=\"_ _2\"></span>ave b<span class=\"_ _2\"></span>een ch<span class=\"_ _2\"></span>arged<span class=\"_ _2\"></span> ass<span class=\"_ _2\"></span>uming<span class=\"_ _2\"></span> the<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff218 fs39 fc2 sc0 ls30 ws50 gs79a\">fair v<span class=\"_ _2\"></span>alue<span class=\"_ _2\"></span> adj<span class=\"_ _2\"></span>ustme<span class=\"_ _2\"></span>nts <span class=\"_ _2\"></span>to prop<span class=\"_ _2\"></span>ert<span class=\"_ _2\"></span>y, pl<span class=\"_ _2\"></span>ant <span class=\"_ _2\"></span>and eq<span class=\"_ _2\"></span>uipm<span class=\"_ _2\"></span>ent <span class=\"_ _2\"></span>had be<span class=\"_ _2\"></span>en app<span class=\"_ _2\"></span>lied<span class=\"_ _2\"></span> from<span class=\"_ _2\"></span> Dec<span class=\"_ _2\"></span>ember<span class=\"_ _2\"></span> 1, 2<span class=\"_ _2\"></span>024.<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  },
  "fact-595": {
   "value": "<div class=\"t m0 ha5 ff21b fs40 fcb sc0 ls1 ws0 gs79c\">34<span class=\"ls79 wsa2\">. </span>Subsequent Events </div><div class=\"t m0 h98 ff219 fs39 fc2 sc0 ls30 ws50 gs79d\">On Feb<span class=\"_ _2\"></span>ruary<span class=\"_ _2\"></span> 26<span class=\"_ _2\"></span>, 2026<span class=\"_ _2\"></span>, the<span class=\"_ _2\"></span> Comp<span class=\"_ _2\"></span>any<span class=\"_ _2\"></span>\u2019s Bo<span class=\"_ _2\"></span>ard o<span class=\"_ _2\"></span>f D<span class=\"_ _2\"></span>irecto<span class=\"_ _2\"></span>rs re<span class=\"_ _2\"></span>com<span class=\"_ _2\"></span>mended<span class=\"_ _2\"></span> a fi<span class=\"_ _2\"></span>nal d<span class=\"_ _2\"></span>ivide<span class=\"_ _2\"></span>nd f<span class=\"_ _2\"></span>or 20<span class=\"_ _2\"></span>25 of<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff218 fs39 fc2 sc0 ls2f ws70 gs79e\">$1.00 per Comm<span class=\"_ _2\"></span>on share. The<span class=\"_ _2\"></span> dividend, w<span class=\"_ _2\"></span>hich is subjec<span class=\"_ _2\"></span>t to sha<span class=\"_ _2\"></span>reholder app<span class=\"_ _2\"></span>roval, will b<span class=\"_ _2\"></span>e voted on<span class=\"_ _2\"></span> </div><div class=\"t m0 h98 ff219 fs39 fc2 sc0 ls30 ws50 gs79f\">at th<span class=\"_ _2\"></span>e Gro<span class=\"_ _2\"></span>up\u2019s<span class=\"_ _2\"></span> Annu<span class=\"_ _2\"></span>al Ge<span class=\"_ _2\"></span>neral<span class=\"_ _2\"></span> Mee<span class=\"_ _2\"></span>ting f<span class=\"_ _2\"></span>or <span class=\"_ _2\"></span>share<span class=\"_ _2\"></span>holde<span class=\"_ _2\"></span>rs he<span class=\"_ _2\"></span>ld on<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ff218 ls31 ws51\">April 16, 2026, in Bermuda.<span class=\"ls1 ws0\"> </span></span></div><div class=\"t m0 h98 ff218 fs39 fc2 sc0 ls30 ws4f gs7a0\">In Febr<span class=\"_ _2\"></span>uary<span class=\"_ _2\"></span><span class=\"ls1 ws0\"> <span class=\"_ _1\"></span><span class=\"ls2f ws70\">202<span class=\"_ _2\"></span>6, the Group<span class=\"_ _2\"></span> renewed its<span class=\"_ _2\"></span> option on<span class=\"_ _2\"></span> the $120.0<span class=\"_ _2\"></span> million DNB RC<span class=\"_ _2\"></span>F to ex<span class=\"_ _2\"></span>tend its </span></span></div><div class=\"t m0 h98 ff218 fs39 fc2 sc0 ls31 ws51 gs7a1\">expiration date to be in December 2027. <span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff218 fs39 fc2 sc0 ls30 ws50 gs7a2\">The Gr<span class=\"_ _2\"></span>oup re<span class=\"_ _2\"></span>paid<span class=\"_ _2\"></span> t<span class=\"_ _2\"></span>he out<span class=\"_ _2\"></span>standi<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span> HS4 Lo<span class=\"_ _2\"></span>an F<span class=\"_ _2\"></span>acili<span class=\"_ _2\"></span>ty <span class=\"_ _2\"></span><span class=\"ls2f ws70\">of $85.6 milli<span class=\"_ _2\"></span>on </span>in<span class=\"_ _2\"></span> Janua<span class=\"_ _2\"></span>ry<span class=\"_ _2\"></span> 2026<span class=\"_ _2\"></span><span class=\"ls48 ws2f\">. T</span><span class=\"ws4f\">he Gr<span class=\"_ _2\"></span>oup </span></div><div class=\"t m0 h98 ff218 fs39 fc2 sc0 ls2f ws70 gs7a3\">also finalised<span class=\"_ _2\"></span> the final fi<span class=\"_ _2\"></span>ve tranch<span class=\"_ _2\"></span>es of a new deb<span class=\"_ _2\"></span>t facili<span class=\"_ _2\"></span>ty<span class=\"ls30 ws4f\">, rais<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> $<span class=\"ls31 ws53\">231.5<span class=\"ls1 ws0\"> </span></span></span><span class=\"ws4e\">million<span class=\"ls1 ws0\">. </span></span></div><div class=\"t m0 h98 ff218 fs39 fc2 sc0 ls31 ws51 gs7a4\">In March 2026<span class=\"ls1 ws0\">, <span class=\"_ _1\"></span><span class=\"ls30 ws50\">the <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> ann<span class=\"_ _2\"></span>ounce<span class=\"_ _2\"></span>d th<span class=\"_ _2\"></span>at it<span class=\"_ _2\"></span> had e<span class=\"_ _2\"></span>ntere<span class=\"_ _2\"></span>d in<span class=\"_ _2\"></span>to a<span class=\"_ _2\"></span> sh<span class=\"_ _2\"></span>are pu<span class=\"_ _2\"></span>rchas<span class=\"_ _2\"></span>e ag<span class=\"_ _2\"></span>reeme<span class=\"_ _2\"></span>nt <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></span></span></div><div class=\"t m0 h98 ff218 fs39 fc2 sc0 ls2f ws70 gs798\">with NYK fo<span class=\"_ _2\"></span>r 50% of <span class=\"_ _2\"></span>Avenir. The <span class=\"_ _2\"></span>sale agreement i<span class=\"_ _2\"></span>s subject<span class=\"_ _2\"></span> to customa<span class=\"_ _2\"></span>ry approvals, wh<span class=\"_ _2\"></span>ich are </div><div class=\"t m0 h98 ff218 fs39 fc2 sc0 ls30 ws50 gs7a5\">expe<span class=\"_ _2\"></span>cted i<span class=\"_ _2\"></span>n the<span class=\"_ _2\"></span> seco<span class=\"_ _2\"></span>nd qu<span class=\"_ _2\"></span>arter<span class=\"_ _2\"></span> of 2<span class=\"_ _2\"></span>026.<span class=\"_ _2\"></span> The <span class=\"_ _2\"></span>Group<span class=\"_ _2\"></span> inte<span class=\"_ _2\"></span>nds<span class=\"_ _2\"></span> to j<span class=\"_ _2\"></span>ointly<span class=\"_ _2\"></span> own <span class=\"_ _2\"></span>and op<span class=\"_ _2\"></span>era<span class=\"_ _2\"></span>te Ave<span class=\"_ _2\"></span>nir<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls1 ws0\"> </span></div><div class=\"t m0 h98 ff218 fs39 fc2 sc0 ls30 ws4f gs7a6\">as a joint<span class=\"_ _2\"></span> ventu<span class=\"_ _2\"></span>re<span class=\"ls1 ws0\">.</span><span class=\"ls1 ws0\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "en",
    "entity": "scheme:213800VZX4LWJSGRLR94",
    "period": "2024-12-01T00:00:00/2025-12-01T00:00:00"
   }
  }
 }
}